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Republic Cement launches mobile construction lab

REPUBLIC Cement recently launched its first Fast Laboratory on Wheels (FLOW), which will provide technical support to construction and building industry players.

FLOW is described as a mobile lab dedicated to providing support for companies that use cement as a key component in their products, such as ready-mix concrete producers, contractors and dry mortar manufacturers.

The mobile lab features equipment that can undertake complex solution testing activities such as concrete, aggregate, and cement testing.

“The growing demand for quality construction solution is a primary motivation for Republic Cement’s move to establish its first mobile laboratory. We are keen on providing fast and superior technical support for the country’s construction and building industry players,” Republic Cement President and CEO Nabil Francis said in a statement.

Republic Cement is the top provider for bulk cement in Luzon.

FLOW will be deployed in the greater Metro Manila area and other fast-growing regions in Luzon starting June.

Three games that are worth it

Death end re;Quest
PS4/PC via Stream

Moero Chronicle Hyper
Switch

Table Top Racing: World Tour
Nitro Edition

Switch

DEATH END RE;QUEST offers a tantalizing hook that even jaded gamers will find hard to resist. Its narrative finds the consciousness of developer Shina Ninomiya somehow stuck inside World’s Odyssey, an unfinished role-playing videogame she helped start but was then shuttered for some reason. Enter lead programmer Arata Mizunashi, who, after learning of her plight from the outside, strives to help her escape from the milieu in which she is required to literally fix bugs. Making things more complex for them in their objective of both crafting and completing the game in its best form is its artificial intelligence, inexplicably at an advanced state and determined to keep the status quo.

Largely told in gripping visual-novel style, the story of Death end re;Quest provides the savory flavor for, and adds uniqueness to, the meat that is its gameplay. Progression requires menu-driven investigation for Arata looking in and interaction with other characters also in insect form for Shina. And even as it compels gamers to explore dungeons and face enemies in traditional Japanese role-playing fashion, its combat system carries its clever capacity to blur the lines between reality and fiction. Battles are turn-based, first set up by the identification of three specific actions to be done (possibly, with the “Tri-Act” effect, all at once), and then enhanced by distinctly original options.

In this regard, Death end re;Quest benefits from its conceit. When up against enemies, characters can trigger field bugs that raise their contamination level and, at a given threshold, enable them to go into “Glitch Mode” and temporarily become more powerful versions of themselves. Meanwhile, Arata does his part in eradicating the field bugs via the “Battle Jack” menu interface, which allows for: actual participation in combat via “Summon; changes to battle conditions through “Code Jack,” effectively cheats; and modifications of the rules of battle — say, to those of a third-person shooter — with “Install Genre.”

Death end re;Quest’s immersive experience is enhanced by its aesthetics; character and background art strikingly support the premise and underscore the prevalence of “glitches.” Parenthetically, it offers an outstanding mix of eclectic music and English voice tracks that underscore the game-within-a-game vibe. It’s an audio-visual standout on the Sony PlayStation 4, and especially on the personal computer with the latest build update installed. And with controls intuitive and easy to navigate on either platform, it’s a definite recommend that figures to give some 50-odd hours’ worth of enjoyment. (9/10)

MOERO CHRONICLE

NINTENDO.COM

No doubt, Moero Chronicle’s absence of any pretensions was what made it inaccessible to PlayStation Vita owners outside Asia upon its release half a decade ago. From the outset, it clearly had as its objective the presentation of fan service at every turn. Even its storyline didn’t skip a beat in underscoring its purpose: Io, its lead character described to have “a tender heart,” is compelled to save the world by going up against hordes of monster girls brainwashed out of a hitherto-peaceful co-existence with humans by an unknown entity. There’s just one problem, though; he’s afraid of them because, well, he thinks of them all the time in ways he shouldn’t and is thus wary of being labeled a pervert.

That Moero Chronicle has found its way to the Nintendo Switch — in “Hyper” form, no less — all the same speaks volumes on the slickness of its gameplay, which both underscores and overcomes its commitment to push the boundaries of objectification. Setting aside the statement it effectively makes on the contrast in cultural sensibilities of the East and the West when it comes to sex (and, in the opposite manner, violence), it comes off as an engrossing dungeon crawler with a creative interface and battle system. As Io traverses through Monstopia, he gets to recruit monster girls with the help of his unaffected friend Lilia and seal mascot Otton en route to overcoming the greater evil behind the disruption of the status quo.

Moero Chronicle Hyper unfolds with unabashed raunchiness that’s played for humor. Enemies have sexualized designs and need to be “worn out” prior to being turned into allies — which is to say relieved of their outer garments in battle by Io’s party of five already-coopted monster girls. Recruitment is then completed via a mini-game in which the targets are purified through the identification of points of weakness in their bodies. Unfortunately, its success in generating laughs is sometimes lost in translation. In its localization to English, the information its dialogues was able to convey well in Japanese occasionally becomes muddled.

Still and all, gamers who find themselves investing the 40-something hours to see Moero Chronicle Hyper through to the end will not be disappointed. It certainly strives to be different, and, assuming its proposition to be acceptable from the get-go, ultimately manages to provide good value at $19.99. (7/10)

TABLE TOP RACING: WORLD TOUR — NITRO EDITION

NINTENDO.COM

Table Top Racing: World Tour — Nitro Edition delivers fun in spades. Featuring 16 Matchbox-type vehicles patterned after real-life counterparts, it’s a creative cross between Micro Machines and Mario Kart that keeps gamers on the edge of their seats with nonstop mayhem. There are 12 championships up for grabs via nine gameplay modes, with each specifying unique sets of requirements for completion. Eight powerups and six wheel upgrades serve to hit and slow down enemy racers as they go through eight themed locations and 32 tabletop tracks all told.

Table Top Racing: World Tour on the Nintendo Switch is by no means perfect. Loading times are far from a breeze and controls can take some getting used to, especially with accelerate and brake directives limited to the analog stick on the right Joy-Con. At the same time, car customization is a must to progress in career mode, which necessitates the accumulation of resources through grinding. That said, its relative maturity makes for wondrous variety; that it’s three years old helps in terms of content and interface optimization. Moreover, it earns its “Nitro Edition” appellation with the introduction of a local multiplayer option from split-screen vantage points.

Given the dearth of similar titles on the eShop, Table Top Racing: World Tour — Nitro Edition aims to serve a need. And, to the credit of developer PlayRise Digital, it’s an extremely competent port on the Switch. It lends well to portability, and, with ample replay value, gives good bang for the buck at $24.99. Recommended. (8/10)

House okays financial consumer protection bill

THE HOUSE of Representatives approved on third and final reading on Monday a bill providing a framework for regulating financial products and services for consumer protection.

House Bill 9054 or the “Act Providing for the Protection of Financial Consumers” received 164 affirmative votes and zero negatives or abstention.

The bill aims to ensure that appropriate mechanisms are in place for the protection of financial consumers under conditions of transparency, fair and sound market conduct, and rational and effective handling of consumer disputes.

The measure mandates the Bangko Sentral ng Pilipinas, Securities and Exchange Commission, Insurance Commission and the Cooperative Development Authority as implementing agencies pursuant to authority granted under their respective charters.

It also mandates financial providers to install monitoring systems to ensure compliance with the law and to identify and manage risks inherent to their operations. The law likewise calls for the strengthening of rule-making, surveillance and inspection, market monitoring, and enforcement powers of government regulators.

The measure prohibits contract stipulations on waiver of rights to sue, to receive information, to seek recourse for complaints, to enforce data privacy or to cancel a contract without incurring unreasonable penalty. — VACF

KMC Savills’ new offerings

PROPERTY consultancy firm KMC Savills is beefing up its capabilities to cater to the industry’s growth and to stay ahead in the highly competitive market.

Its latest service innovations, like labor and location analytics, property and facilities management, and the use of (AI) artificial intelligence-powered K3, are expected to help KMC Savills expand its market share in the business process outsourcing, information technology, hospitality, and gaming sectors.

“As we enhance our capabilities through these new services, we are reinforcing our office advisory services, streamlining project management, and strengthening our teams in identified key areas of growth,” John Corpus, newly appointed executive director for Worldwide Occupier Services team at KMC Savills, said.

The Worldwide Occupier Services team is responsible for supporting and driving the firm’s international business development, client relationship management, and implementing growth initiatives and innovation.

With the growing use of AI, KMC Savills is looking to use technology tools to help clients streamline the process of acquiring or leasing their properties.

“As real estate practitioners, AI gives us a bigger picture of the various factors in managing client portfolios and connect with our audience better. Property acquisition still largely requires human interaction, but with AI, we have in fact strengthened human interaction further,” Carlo Pineda, new director for Worldwide Occupier Services team at KMC Savills, said.

How PSEi member stocks performed — May 27, 2019

Here’s a quick glance at how PSEi stocks fared on Monday, May 27, 2019.

 

How important is manufacturing to the economy?

How important is manufacturing to the economy?

₱1 trillion in public works needed to hit GDP goal

THE government needs to spend P1 trillion on infrastructure if it is to meet a growth target of 6% in 2019, Finance Secretary Carlos G. Dominguez III said, as he detailed “catch-up” measures to facilitate spending delayed by the stalled 2019 budget.

In a hearing, Mr. Dominguez told the Senate finance committee, “To enable us to hit a GDP growth rate above 6% this year, national government needs to ramp up its spending. In 2019, national government disbursements are targeted to reach P3.774 trillion, equivalent to 19.6% of GDP. This is 10.7% higher than the actual disbursement in 2018. Meanwhile, total infrastructure disbursements would have to reach P1 trillion, equivalent to 5.2% of GDP, with the national government accounting for 808.7 billion pesos of targeted infrastructure spending.”

According to his remarks to the committee, contained in a joint opening statement he delivered also on behalf of the National Economic and Development Authority (NEDA) and the Department of Budget and Management (DBM), the budget delay led to a “missed opportunity” to create as many as 260,000-320,000 jobs and “derailed poverty reduction efforts, where as many as 420,000 more Filipinos could have been taken out of poverty.” It also cost the education department 4,110 new classrooms and delayed repairs to 18,575 more.

Mr. Dominguez added that an on-time budget would have added at least a percentage point to first quarter GDP growth, to about 6.6%, and possibly as high as 7.2%.

Speaking to reporters following the hearing, Mr. Dominguez added that he would like to lay the groundwork for more agriculture growth through increased funding for research and amendments to the Local Government Code.

“We need a program. Obviously, doing things the way it was done before is not going to work, so we need a new program to see what can be done to achieve at least 2% per annum growth (in agriculture),” Mr. Dominguez told reporters.

Mr. Dominguez said he plans to meet Agriculture Secretary Emmanuel F. Piñol Tuesday to discuss the Department of Agriculture’s catch-up plan.

“We are meeting tomorrow with Secretary Piñol; unfortunately, they were not able to present anything in the last two meetings,” Mr. Dominguez, a former Agriculture Secretary, said.

“We’ll meet tomorrow to review, to listen to what their plan is to bring about growth of at least 2% per annum in agriculture,” he said.

When asked how he would address concerns in the agricultural sector, Mr. Dominguez said he would increase funding in agricultural research.

“I certainly would make up for the backlog in agricultural research because knowledge is what drives growth,” he said.

“I’m talking about the Bureau of Agricultural Research, the research done by Agri schools in the country, PhilRice (Philippine Rice Research Institute), etc.”

In addition, Mr. Dominguez said the DA should ensure effective implementation of its programs for farmers.

“I think that’s one, you increase the fund of knowledge, you make the environment for agriculture, make the conditions for farmers easier, you make sure they have sufficient water, access to roads, access to fertilizer,” he said.

“And you have to implement it and implement it in an effective way.”

He raised the need to review and amend the Local Government Code of 1991 or Republic Act 7160. “Lastly, I would really ask for the legislature to review the devolution of agricultural extension workers, because they‘ve been devolved to the local governments and quite frankly many time the local governments do not utilize them properly.” — Charmaine A. Tadalan

BIR to finalize rules governing tax amnesty this month

THE Bureau of Internal Revenue (BIR) is set to finalize the revenue regulations (RR) covering the tax amnesty this month after making the rounds of public consultations.

“The BIR conducted public consultations to discuss the proposed Revenue Regulations (RR) to implement the provisions of Republic Act (RA) 11213 relative to the Estate Tax Amnesty,” the BIR said in a statement on Monday.

“It is expected that the final estate tax regulation will be issued within this month,” according to BIR.

Section 2a of RA 11213 which was signed into law by President Rodrigo R. Duterte on Feb. 14, authorizes the government to “provide a one-time opportunity to settle estate tax obligations through an estate tax amnesty program that will give reasonable tax relief to estates with deficiency estates taxes.”

Under the proposed RR, only the estates of persons who died on or before Dec. 31, 2017 are to be covered by the estate tax amnesty, with the rate set at 6% with a minimum tax amnesty amount of P5,000 on each decedent’s total net taxable estate at the time of death without penalty at every stage of transfer of property.

Delinquent estate tax liabilities which are final and executory in which the tax amnesty on delinquencies may be applied and properties which are involved in legal cases in courts are not covered by the estate tax amnesty.

The estate shall be valued at fair market value (FMV) at time of death, with the value of real property reckoned at whichever is higher of the zonal value as determined by the Commissioner or the FMV as stated on the schedule of values set by the provincial or city assessor.

The proposed regulations give taxpayers two years starting with the effectivity of the finalized RR, to file the Estate Tax Amnesty Return (ETAR) or BIR Form No. 2118-EA in three copies at the Revenue District Office (RDO) having the jurisdiction over the decedent’s last residence.

In the absence of a legal residence, the return shall be filed with RDO 039 — South Quezon City, as stated on the proposed RR.

Package 1B of the Comprehensive Tax Reform Program (CTRP) includes the provision of an estate tax amnesty, a tax amnesty on delinquencies, and a general tax amnesty, which are all outlined Section 2 of the RA 11213.

Mr. Duterte, however, vetoed RA 11213’s provision on general tax amnesty, saying that the Philippines needs first to ease its bank secrecy law to avoid fraud.

Legislators have yet to re-file a measure calling for a general tax amnesty that addresses the veto concerns.

The tax amnesty on delinquencies started being implemented on April 24.

The Department of Finance has said that it hopes other packages of the CTRP will be passed into law within two years, helping the country achieve a credit rating of “A.” — Reicelene Joy N. Ignacio

Marawi rehab effort left over P4billion unspent in 2018

OVER P4 billion in funding was left unutilized in 2018 for the rehabilitation of Marawi City due to the absence of rebuilding proposals from various agencies, an official overseeing the city’s reconstruction said.

The P10 billion rebuilding fund paid out P5.624 billion, leaving a remaining balance of P4.375 billion, Secretary Eduardo D. del Rosario, who chairs Task Force Bangon Marawi, said, adding that the rebuilding effort was hindered by the failure of agencies to submit project proposals.

“Whenever we meet, we asked the implementing agencies to submit their proposals to the Office of Civil Defense for funding,” Mr. Del Rosario told a House committee hearing.

Another reason for the unspent funds was the problem of validating the list of families entitled to assistance.

“Before it was 78,000 ang binibigyan natin ng (that were being given) assistance. It turned out ‘yung (the) 78,000 was too high because we discovered double entries… Nagkaroon tayo ng (We conducted) profiling, (and employed) biometrics. (That’s why) from 78,000 it’s now down to 45,000 families,” said Mr. del Rosario in a chance interview with reporters.

In 2019, P3.5 billion will be added to the unspent P4.375 billion to fund rehabilitation.

“The most affected is just 0.8 [%] of the total, the 250 hectares out of the 8,000 [hectares]. This is the focus of our rehabilitation kasi ito ‘yung mga na-damage na buildings (this where most buildings were damaged). Sa ngayon, nagka-conduct tayo ng debris management para matanggal ‘yung mga buildings na nasira. Para by November, wala na ‘yung mga buildings at bomba sa ilalim,” (For now, we are focusing on debris management… and hope to remove all wreckage and dangerous material by November), Mr. del Rosario said.

He added, “As early as July or August magsisimula na ‘yung (We will start) road network construction… there are about 22 projects to be implemented. The first and second priority projects will be implemented within the year while the third priority projects will be implemented in the first quarter of the next year.”

Some of the priority projects include the construction of public markets, barangay halls, and school buildings.

“We are on track and we are on target, we will complete the rehabilitation based on our timeline,” Mr. del Rosario said.

Rehabilitation works in Marawi City are targeted for completion by December 2021. — Vince Angelo C. Ferreras

Japan deals worth P300B expected during Duterte visit

PHILIPPINE and Japanese firms are set to sign over 20 business agreements at the end of the month, according to the Department of Trade and Industry (DTI), which said the deals are worth close to P300 billion ($5.74 billion) and hold the potential to create at least eighty thousand jobs.

The DTI said the deals will be signed during President Rodrigo R. Duterte’s visit to Japan for the Nikkei 25th International Conference on The Future of Asia on May 30 to 31 where he will be accompanied by a government and business delegation.

“Japanese investors remain bullish on the sustained growth momentum under the administration of President Duterte, given its aggressive infrastructure build-up, meaningful investment and financial reforms and demographic advantages,” Trade Secretary Ramon M. Lopez was quoted in a statement Monday.

The investment pledges will focus on infrastructure, manufacturing, electronics, medical devices, business process outsourcing (BPO), power, electricity, transport, automotive, food manufacturing, and marine manpower.

The DTI will also hold a business forum and roundtable discussions with Japanese investors, which will serve as an opportunity for more in-depth business-to-business interactions.

In 2018, Japan was the Philippines’ second-largest trading partner with total trade of $20 billion — $9.5 billion worth of exports to Japan, and $10.5 billion worth of imports from Japan.

The country is the Philippines’ third-largest export market and source of imports.

The Philippine-Japan Economic Partnership Agreement is currently being reviewed, with Manila seeking easier market access for agricultural products.

Meanwhile, Tokyo is requesting lower tariffs on automobile and steel products, among others.

The Philippines also has a multilateral trading agreement with Japan under the Association of Southeast Asian Nations (ASEAN)-Japan Comprehensive Economic Partnership Agreement.

If the Regional Comprehensive Economic Partnership between the 10 ASEAN member-states and six Asia-Pacific states goes ahead, the pact will effectively be the Philippines’ third free trade agreement with Japan. — Janina C. Lim

House passes coconut trust fund bill on third reading

THE House of Representatives approved on third and final reading Monday a refiled bill creating the Coconut Industry Trust Fund, which Malacañang had vetoed.

House Bill 9197 received 159 affirmative votes, five negative votes, and zero abstentions.

The Coconut Farmers and Industry Development Trust Fund Act is the refiled version of the vetoed House Bill 5745, whose counterpart measure is Senate Bill No. 1233. The original legislation sought to put the P100-billion coconut levy assets into a trust fund to be used for coconut farmers and the coconut industry.

According to the new bill, the Presidential Commission on Good Government (PCGG) is required to submit a complete accounting of the Coconut Levy Assets as well as the investments, disbursement, and expenditures relating to the coconut fund.

The measure also requires that the trust fund be maintained for up to 30 years or until the fund is fully utilized. The trust fund will be for the exclusive use of coconut farmers and for the development of the coconut industry.

The Bureau of the Treasury is the designated depository of the trust fund.

The trust fund committee will be under the supervision of the Office of the President.

The committee will be composed of six representatives from the government; three representatives from the coconut farmers’ organizations, one each from Luzon, Visayas, and Mindanao; and two representatives from the coconut industry. — Vince Angelo C. Ferreras

ADB to lend $300M to upgrade PHL high school education

THE Asian Development Bank (ADB) said it will provide P1.5 billion worth of loans to the Philippines to boost the quality of the high school education system, helping over 10 million secondary-level students nationwide.

In a statement Monday, the ADB said it has set aside $300 million (P1.5 billion) in loans “to support the Philippine government’s efforts to achieve inclusive growth by improving access to high-quality secondary education that responds to labor market needs.”

ADB Senior Education Specialist for Southeast Asia Lynette D. Perez said equipping the labor force with “advanced skills and knowledge” is necessary for them to manage the technological changes the Philippines is experiencing as it further experiences propelling growth.

“Continued investments in high-quality education are crucial to attaining the government’s vision of lowering unemployment and poverty rates,” she said.

According to the Philippine Statistics Authority’s (PSA) January 2019 Labor Force Survey, 5.2% of Filipinos are unemployed, down from 5.3% a year earlier year. Despite that, labor force participation was only 60.2%, down from 62.2% in January 2018.

Through the ADB’s Secondary Education Support Program, the ADB said that 10.6 million students who are currently enrolled in the secondary level will benefit. An additional 2.7 million more students who are entering Grade 7 yearly from 2019 to 2023 will also benefit from the program.

Also part of the Secondary Education Support Program’s beneficiaries are the nearly 294,000 public school teachers and others who will be hired until 2023.

“The results-based Secondary Education Support Program will help the government sustain its reforms, particularly in offering the poor greater access to better, affordable education. It will disburse funds to the government based on the achievement of agreed reform targets within a specific period,” ADB said.

The ADB will also give assistance to the Department of Education (DepEd) in improving curricula to keep it in line with the Philippine Development Plan and as well as provide for maintenance of operations and equipment used in schools. — Gillian M. Cortez