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Longtime fans still remember the outrage that greeted the announcement of the Lakers’ Shaquille O’Neal as the National Basketball Association’s Most Valuable Player at the turn of the century. No, it wasn’t because he didn’t deserve the honor. To the contrary, it was precisely because he did; he garnered 120 out of a possible 121 votes cast by a panel of writers and broadcasters for the award. The lone dissenter? Fred Hickman, then with CNN, who went with the Sixers’ Allen Iverson. “It was crazy,” the one-time Sports Emmy winner recalled of the backlash. “I got death threats.”

Interestingly, even more vitriol seems to be coming the way of the single member of the Baseball Writers’ Association of America who left Derek Jeter off the Hall of Fame ballot. With social media making public feedback instantaneous (and, needless to say, sharp and biting), virtually no time was wasted pillorying the — insert insulting adjective here, with or without a curse word or two — who thought the Yankee legend didn’t deserve to be enshrined in Cooperstown. And considering the extent of the acrimony, it’s probably fortunate for the “offender” to have been cloaked in anonymity.

Admittedly, the subjective nature of the entire process makes criticism unfair and, more importantly, immaterial; judgment calls are done based on personal criteria where biases are acknowledged. On the other hand, there can be no discounting Jeter’s contributions to the sport viewed from any which way. For all his negatives based on advanced metrics, he was a winner who played clean, and cleanly, in an era marked by the proliferation and use of performance-enhancing drugs. Above all else, he was a winner who continually gave baseball, rocked by steroid scandal after steroid scandal, much-needed shots of credibility.

No doubt, the denial of a place in history as just the second player to be welcomed to the Hall via a unanimous vote has to hurt Jeter. And, by all accounts, the competitive fire that enabled him to exceed himself during his playing days is the same one fueling his long memory. Not normally predisposed to letting slights slide, he will be remembering this one for a long, long time. Ask O’Neal, who still hasn’t forgiven Hickman for being denied perfection following an undeniably dominant season that culminated in the first of three straight championships.

Who’s to say what made the voter snub Jeter? In assessing options, some claim principle. Others turn to figures. Still others parse the meaning and intent of the award. In any case, nothing can change the outcome: Yankee Number 2 got in on Year 1 via 396 out of 397 ballots. And, moving forward, that he’s with the Big Boys now should be all that matters.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

Shares end flat ahead of economic growth data

By Denise A. Valdez, Reporter

LOCAL SHARES ended flat on Wednesday as investors decided to wait it out until the release of the gross domestic product (GDP) data for the fourth quarter of 2019 on Thursday.

The Philippine Stock Exchange index (PSEi) inched up 2.08 points or 0.02% to close at 7,468.73 yesterday. The broader all shares index also added 2.08 points or 0.04% to 4,436.79.

“Shares remained flat ahead of the 4Q GDP announcement [today]… With 3Q GDP revised and agricultural output released, analysts are more divided on the last print of growth for 2019,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile message yesterday.

The Philippine Statistics Authority (PSA) revised its previously announced growth print for the third quarter to 6.0% from 6.2%, which means the fourth quarter expansion pace to be reported today must clock in higher for the government to achieve its 2019 GDP growth target of 6%-6.5%.

BusinessWorld’s poll of 20 economists last week showed an estimated GDP growth median of 6.4% for the fourth quarter, translating to a 5.9% GDP growth for 2019.

Aside from the GDP report, worries that the coronavirus has reached the Philippines also pushed some investors away for most of yesterday’s trading.

Philstocks Financial, Inc. Research Associate Claire T. Alviar said the turnaround of the PSEi in the last minute was due to China’s press briefing which addressed concerns on the virus.

“Concerns on the new coronavirus before China’s response, lingering regulatory risks and downward revision of the third quarter GDP weighed on the bourse before the last minute U-turn,” Ms. Alviar said in a text message.

Three sectoral indices closed in green territory yesterday: industrials increased 99.45 points or 1.06% to 9,413.17; property climbed 8.31 points or 0.21% to 3,861.92; and holding firms added 0.39 point or less than a percent to 7,215.15.

The losers were mining and oil, which gave up 171.57 points or 2.13% to end at 7,858.16; services lost 14.32 points or 0.93% to 1,525.24; and financials declined by 2.57 points or 0.14% to 1,794.62.

Value turnover stood at P7.10 billion on Wednesday with 755.73 million issues changing hands, from Tuesday’s P7.76 billion with 741.11 million issues.

Decliners edged up advancers by five stocks, 93 against 88, while 53 names were unchanged.

Foreign investors resumed selling their holdings, logging net outflows of P874.58 million yesterday from net purchases worth P422.45 million on Tuesday.

“The PSEi’s failure to close above 7,475 today confirms the breakdown of that major support level. The question on everyone’s mind is how long it can go,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Wednesday. “We see some support at 7,400, however, the next major support is at the 7,250 levels. Retail investors continue to look for opportunities in second and third liners with good growth potential.”

Peso rebounds on profit taking ahead of GDP data

THE PESO rebounded on Wednesday after five straight days of depreciation as the market went profit taking a day before the release of data on the country’s growth for the fourth quarter.

The local unit finished trading at P50.91, stronger by 10.50 centavos from the previous day’s close of P51.015 per dollar.

The peso opened the day at P51.06 versus the dollar. Its intraday low was at P51.085, while its best showing against the dollar was at P50.86.

Dollars traded went down to $1.093 billion yesterday coming from $1.346 billion on Tuesday.

A trader and an analyst attributed the peso’s rebound to profit taking by investors as well as the market awaiting data on gross domestic product (GDP) growth to be reported this Thursday.

Socioeconomic Planning Secretary Ernesto M. Pernia earlier said GDP growth for the last quarter of 2019 might have been around 6.6-6.7%.

“The peso appreciated today as market participants opted to take profits near the 51-peso level,” a trader said in an e-mail on Wednesday.

“Investor sentiment seems to be tilted toward the anticipation of robust Q4 2019 GDP growth. Note that market consensus is 6.4% and for the 2019 full-year growth average is 5.9%,” UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in a text message.

On Wednesday, the Philippine Statistics Authority (PSA) revised the third-quarter GDP growth figure to 6% from the previously reported 6.2%. The agency said that major contributors to the revisions were the revision in growth in sectors such as other services (4.2% from 5.1%), construction (15.4% to 16.3%), and the transport, storage, and communication (8.2% from 9.1%).

Economic growth in the first two quarters of 2019 stood at 5.6% and 5.5%, respectively. The government targets at least 6-6.5% growth pace for 2019.

For today, the trader expects the local unit to move around the P50.80-P51.00 level, while Mr. Asuncion gave a forecast range of P50.80-P51.10.

Meanwhile, Most Asian units were trading subdued on Wednesday as concerns about a coronavirus outbreak in China kept risk appetite on the backfoot, although the South Korean won found support amid upbeat GDP data on the trade-reliant economy, Reuters reported.

The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, health officials said.

Sentiment, however, got a lift as China’s response to the outbreak tempered fears of a global pandemic.

The Chinese yuan steadied after weakening 0.6% in the previous session, although it still traded above the 6.9 level against the greenback.

Most analysts say fears of a repeat of the SARS virus outbreak in 2003 that plunged the region into economic chaos are unfounded, as countries are now better equipped to fight an epidemic.

“We do not see a huge reversal of Asian gains and expect merely modest unwinding of stretched positions,” analysts at Maybank wrote in a note.

However, investors are unlikely to embrace risky Asian assets anytime soon and will likely wait for further updates from Beijing before placing big bets.

The World Health Organization was set to meet later in the day to consider whether the outbreak is an international emergency.

The Thai baht flitted within a tight range as investors shrugged off data that showed the country’s customs-cleared exports in December dropped 1.28% from last year, but came in better than as forecast in a Reuters poll.

The Korean won, while more sensitive to export numbers, traded 0.3% stronger after data showed that a surge in government spending helped the economy post its fastest quarterly growth in more than two years. — L.W.T. Noble with Reuters

Court junks De Lima case vs Duterte

THE Supreme Court has rejected an opposition senator’s plea to stop President Rodrigo R. Duterte’s verbal tirades against her, saying he is immune from lawsuits, according to an October decision made public on Wednesday.

Senator Leila M. de Lima sued Mr. Duterte in November 2016 after his series of personal attacks, including allegations that she was romantically involved with her driver and that the two were trafficking illegal drugs.

“Immunity does not hinge on the nature of the suit,” the high court said in a 22-page resolution written by former Chief Justice Lucas P. Bersamin. Immunity from lawsuits is not meant to shield the President from accountability but to avoid distractions in the exercise of his duties, it added.

The President need not invoke his immunity for it to apply because “any litigation, whether big or small, naturally serves as a distraction to a party-litigant,” the tribunal said.

Ms. De Lima, who has been in jail since February 2017 after her indictment for drug trafficking, should wait for Mr. Duterte to finish his tenure before suing him, it said.

The senator earlier said Mr. Duterte’s public tirades threatened her right to life, liberty and security. She asked the court to stop Mr. Duterte and his representatives from collecting information about her private life.

She argued that Mr. Duterte could not use presidential immunity as a defense because his acts were allegedly unlawful and were committed outside his official functions.

But the high court rejected her argument, saying presidential immunity recognizes no qualifications.

“The chief executive must first be allowed to end his tenure (not his term) either through resignation or removal by impeachment,” the tribunal said. — Vann Marlo M. Villegas

Senators seek state response to coronavirus

SENATORS on Wednesday asked the Health department and other agencies to draft an emergency plan after a Chinese boy tested positive for coronavirus, days after Japan and Thailand confirmed their first case of infection from a new strain that originated in Wuhan, China.

“I would like to call on the leadership of all government agencies to immediately put in place the preparedness plans for this weekend,” Senator Richard Gordon said in a statement.

He said information is critical and all mandatory quarantine and contact-tracing machinery must be put in place.

The virus, in the same family as the deadly severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS), has killed at least six patients and sickened dozens in China.

The boy tested positive for coronavirus but was negative for SARS and MERS, the Health department said on Tuesday.

Samples from the patient were sent to Australia for further testing to determine the strain of coronavirus he was infected with.

World Health Organization (WHO) Philippines Country Representative Rabinda Abeyasinghe earlier said they were working with authorities in China, where majority of the more than 200 cases occurred, to monitor the new virus strain.

Mr. Gordon said airports and seaports must be on full alert, while hospitals should designate an isolation ward where suspected cases could be treated.

Senator Nancy S. Binay filed Senate Resolution 293, seeking to inquire into the measures and funding requirements needed in case if an outbreak.

“Preemptive measures will always the better option,” she said.

While coronavirus cases are normally transmitted from animals to humans, the new strain was said to have been transmitted between humans.

Health authorities have advised the public to observe proper hygiene and cough etiquette, including covering the mouth when one coughs or sneezes.

The Philippines is working with airport authorities to monitor cases involving arriving tourists, Health officials said. — Charmaine A. Tadalan

Experts need more trending data on Taal Volcano eruptions

STATE seismologists need more trending data before lowering the alert level for Taal Volcano, despite a seeming decrease in volcanic activity.

“It doesn’t mean we’re safe just because the sulfur dioxide level has gone down,” Ma. Antonia V. Bornas, chief science research specialist at the Philippine Institute of Volcanology and Seismology (Phivolcs), said at a briefing on Wednesday streamed on Facebook.

“It could be that the exit points for sulfur dioxide were just being blocked,” she said in Filipino.

Phivolcs measured an average of 153 tonnes of sulfur dioxide, according to an 8 a.m. report. This was lower than the 344 tonnes it measured on Tuesday morning.

Thousands of residents were forced to flee after the volcano in Batangas province emitted a thick ash column on Jan. 12. The ashfall reached as far as cities near the capital, forcing financial markets to suspend trading and the Manila airport to close.

Phivolcs has recorded “weak steam emission” for the past 24 hours from the volcano, which produced ash plumes that went as high as 500 meters.

The agency has recorded 725 volcanic earthquakes since Jan. 12, 176 of which are felt with intensities 1 to 5.

More than 71,000 families in Batangas, Quezon, Laguna and Cavite were affected by the volcano’s eruption, according to the local disaster agency’s 6 a.m. report.

About 39,000 families were taking temporary shelter in 493 evacuation centers, while 23,133 families were being served outside them, it said.

Meanwhile, the Social Welfare department had given out more than P8.5-billion worth of assistance to communities affected by eruption, the United Nations Office for the Coordination of Humanitarian Affairs said in a Jan. 21 report.

Taal Volcano remained under Alert Level 4, which means “hazardous explosive eruption is possible within hours to days.” — Genshen L. Espedido

Cap for motorcycle taxis in Metro Manila increased, pilot run now in 3 areas

THE DEPARTMENT of Transportation’s (DoTr) interagency technical working group (TWG) has increased the cap for motorcycle taxi bikers in Metro Manila to 45,000 from 30,000, and expanded the coverage of the pilot run to Cagayan de Oro City, where 9,000 bikers are allowed to operate, the same number as in Metro Cebu. The announcement came after the TWG backpedalled on its earlier recommendation to terminate the implementation of the test run as one of the players filed cases questioning the policy on the number of bikers allowed per transport network company. Samar 1st District Representative Edgar Mary S. Sarmiento, chair of the House transportation committee, announced on Wednesday after an executive session with TWG, DoTr, and stakeholders that it was agreed that the implementation of the pilot program would continue until March. Retired Police Major General Antonio B. Gardiola, Jr., head of the TWG, told reporters that the 45,000 cap on bikers in Metro Manila means that Angkas (DBDOYC, Inc.), JoyRide (We Move Things Philippines, Inc.) and Move It (We-Load Transcargo Corp.) will have 15,000 bikers each. Mr. Gardiola said the three ride hailing firms will also equally share the allocations in Metro Cebu and Cagayan de Oro. “To add them all, we now have 63,000 cap [on bikers],” he added. Under the TWG policy, if a motorcycle firm fails to reach the cap, its slots will be redistributed to the competitors.

EXTENSION
Mr. Gardiola also told reporters that Transportation Secretary Arthur P. Tugade is open to extending the pilot study period, which will end on March 23. An extension would be made should the TWG need more data on the viability of motorcycles as a new mode of transportation. The TWG also withdrew its recommendation to ban Angkas from operating as a motorcycle taxi service provider as the company said it would drop the cases it filed against the Land Transportation Franchising and Regulatory Board and the DoTr questioning the policy that limits the number of bikers in Metro Manila and Metro Cebu. “Nagkausap na po kami doon (We already talked about the matter) and that’s what it’s for, so we are now in collaboration. We’ve spoken with the secretary (of the DoTr) yesterday. We also heeded to the opinions of senators and good congressmen today. I think everybody is involved in this endeavor,” said George I. Royeca, Angkas regulatory and public affairs head. “Everybody wants to make it work for the riding community… Excited po kami sa pilot (We are excited for the pilot program). Hopefully, we can get the success of the pilot for the necessary law to be passed,” he added. — Arjay L. Balinbin

Kaliwa Dam construction may not start this year due to documentary requirements — MWSS

CONSTRUCTION OF the Kaliwa Dam, intended to serve as a medium-term water source for Metro Manila, may not start this year as the project has yet to comply with all requirements such as the consent from affected indigenous people communities, and defending the environmental clearance certificate (ECC), according to the Metropolitan Waterworks and Sewerage System’s (MWSS) top official.

In a briefing on Wednesday, MWSS Administrator Emmanuel B. Salamat said the documentary requirements could take time to process.

“It’s possible (to start construction this year). We just want to make sure… to address the other complications or requirements… the environmental effects and cultural sensitivity of the construction of the dam,” he said.

The project’s ECC, issued by the Department of Environment and Natural Resources in October last year, has been questioned by environmental groups and some legislators.

Under Republic Act 8371, the Indigenous Peoples’ Rights Act of 1997, project developers are required to secure from the National Commission on Indigenous Peoples a Free and Prior Informed Consent (FPIC) and other clearances from the indigenous communities that will be affected.

Mr. Salamat said the Kaliwa Dam, a flagship project of the government, is currently at the design phase, which will take at least six months to complete.

The P12.2 billion project located in Quezon and Rizal has been marred with controversy, particularly on its impact on IP communities.

“We have a total of 55 barangays, all in all, and a total of more than 400 individuals directly affected by the Kaliwa Dam… We will make sure that we will provide the community resettlement area. It’s not just about providing them housing, but providing them community facilities that they will need in order to exist in a new resettled area,” the MWSS chief said.

He said they are still targeting to have the dam completed by 2024 or 2025.

“The timeline is, the dam should be completed in a period of three years, but we also have another concern on building the pipeline (which will take) two years or less. So it is about three to five years of the program of building the dam.”

President Rodrigo R. Duterte recently told government officials that they should scrap all projects that won’t be finished in two years, which is the remaining period of his administration.

Mr. Salamat, however, said the Kaliwa Dam project does not fall within this directive.

“It is our obligation. We entered an official loan with China. It is a commitment, government to government,” he said in an ambush interview with reporters. — Gillian M. Cortez

1st batch of modern jeepneys in GenSan deployed; mayor assures transport sector of inclusive program

GENERAL SANTOS City Mayor Ronnel C. River assured public utility drivers and operators of an inclusive modernization program following Tuesday’s turnover of the first batch of modern jeepneys that will be deployed in the city. At the Tricycle Operators and Drivers Association (TODA) Summit on Wednesday, Mr. Rivera said, “When our transport sector moves, our commuters move, when our commuters move, our economy moves, kaya (so) let’s make sure we move as one… walang maiiwan (no one will be left behind).” The summit, intended to rationalize the public transport system in the city, was attended by TODA officials and members, representatives from the Department of Transportation (DoTr) and other national government agencies. “If you look around you, you can see different agencies, and government offices all offering something para sa inyo (to you), to help you move forward,” the mayor said. The city government presented its proposed new transport plans and policies, which include addressing the proliferation of tricycles and congestion.

NEW JEEPNEYS
The first batch of new jeepneys, consisting of 15 units, were turned over to the Public Transport Alliance of General Santos City and will be operated by the Lagao Drivers Operators Transport Cooperative. It is part of the DoTr’s Public Utility Vehicle Modernization Program (PUVMP). DOTr Assistant Secretary Mark Steven C. Pastor stressed during the turnover ceremony that the government’s PUVMP is intended to improve the country’s transport system and help in environmental protection. “Mayroon ‘ho itong katuturan at higit sa lahat, malaki ‘ho ang benepisyo nito sa mga driver at operator, sa commuter, at sa kabuuang sistema ng transportasyon sa bansa, pati na ‘ho sa kapaligiran (This has significance and most of all, it has big benefits to drivers, operators, commuters, the overall transport system, and the environment),” Mr. Pastor said. — MSJ

Women’s group helps revive Samal coral areas with Reefbuds

BATTERED CORAL areas in the island city of Samal are getting help for revival through a technology called Reefbuds being deployed by a women’s organization. The Innerwheel Club of Parañaque, headed by Ann Margaret San Antonio who is also the national secretary of the Innerwheel Clubs of the Philippines Inc., started with an initial 13 Reefbuds planted over the weekend in the waters off Barangay Balet, one of the dive sites in Samal. Ms. San Antonio said they have committed 100 of the artificial reefs in the area, which they aim to complete by June. This is our first program the 100 Reefbuds in the specific location in Balet infront of big Ligid Island,” she said in an interview. “The basic idea with this… when you drop it in the water since it is porous, it quickly absorbs water. Kaya yung mga (That’s why the) rooting plants grow fast,” said Benjamin Tayag Jr., who patented the Reefbuds based on a concept by an Austrian geoscientist, the late Dr. Harald Kremnitz. He explained that once the Reefbuds are deployed, the natural marine ecosystem will generate itself faster. Ms. San Antonio said the project is expected to benefit the fishing community of Balet, an adopted village of the Innerwheel Parañaque since 2013. Aside from improved catch, the men of the village have also been tapped to produce the Reefbuds. To ensure the project’s sustainability, the group will monitor the deployed Reefbuds through geotagging. “We put a geotag on each of the Reefbuds and put a nameplate of each company that sponsored,” Ms. San Antonio said. — Maya M. Padillo

Duterte satisfaction rating hits record

PRESIDENT Rodrigo R. Duterte’s satisfaction rating hit a record +72 in the past quarter, according to the latest Social Weather Stations (SWS) poll.

SWS said 82% of Filipinos were satisfied with the President’s performance, while 10% were dissatisfied.

His “excellent” net rating was better than his “very good” +65 score in September and his previous “very good” record of +68 a quarter before that.

The SWS poll found that 52% of Filipinos thought Mr. Duterte would fulfill his campaign promises before his term ends in 2022.

Among his promises was ending the illegal drug menace through his deadly war on drugs that has killed thousands.

Mr. Duterte also promised to end job contractualization, for which Congress passed a bill that he vetoed last year.

SWS also said 72% of Filipinos worry about his health, which has been the subject of speculations.

The polling firm interviewed 1,200 adults in December for the poll, which had an error margin of ±3 points. — Gillian M. Cortez

Nationwide round-up

Foreign secretary firm on ‘eye for an eye’ resolution in Kuwait worker’s murder

FOREIGN AFFAIRS SECRETARY TEODORO L. LOCSIN, JR. — PHILSTAR

FOREIGN AFFAIRS Secretary Teodoro L. Locsin, Jr. has reiterated his position of an “eye for an eye” approach in the murder of Filipino overseas worker Jeanelyn Villavende, even as the Philippines and the Kuwaiti government have began meeting to settle issues. “I am interested first and foremost in an eye for an eye, two lives for the life they took. I won’t settle for less. The rest is a sideshow,” Mr. Locsin said in a social media post late Tuesday. “I will not trade that poor woman’s torment for some… concession on labor rights.” The Philippine Embassy in Kuwait reported upon meeting with the Kuwaiti government on Jan. 19 that the latter has agreed to allow the Philippines to investigate Ms. Villavende’s murder. “To show Kuwait’s commitment in the case, Deputy Foreign Minister (Khaled) Al-Jarallah said that his government is willing to allow investigators from the Philippines to join the investigation in Kuwait,” the embassy said in a statement on Tuesday. The embassy also said the Kuwaiti government is expected to release the full reports of the police investigation and autopsy “soon.” The Joint Committee Meeting on the 2018 Philippines-Kuwait Agreement on the Employment of Domestic Workers is also set to convene. President Rodrigo R. Duterte last week approved the total deployment ban on OFWs to Kuwait, covering both household workers and skilled workers. The ban was recommended by Labor Secretary Silvestre H. Bello III and the Philippine Overseas Employment Administration after the re-autopsy report, conducted by the Philippine’s National Bureau of Investigation, showed Ms. Villavende was physically and sexually abused. The government had previously declared a deployment ban to Kuwait in 2018, which lasted four months, over the murder of domestic helper Joanna Demafelis. In May 2019, It sought to review its memorandum of agreement with the Kuwaiti government after the killing of another Filipina, Constancia Dayag. — Charmaine A. Tadalan

P2B budget eyed for judicial marshal service

THE SENATE committee on Justice and Human Rights is eyeing a P2-billion budget allocation for the creation of the Philippine Judicial Marshal Service. Senator Richard J. Gordon, who chairs the panel, is pushing the measure that will strengthen the security of judges in the country and avoid compromising their service. “Ang legislative (budget) malaki, ang Presidente, lalong malaki. Bakit hindi natin pu-proteksyunan ang judges (The legislative budget is big, the President’s even higher. Why wouldn’t we protect our judges)?” he said in a briefing, noting the judiciary is a “co-equal branch of the government.” He added that he is ready to recommend as much as P5 billion, should a higher amount be required to cover 2,700 judges in the country. In the last 10 years, 31 judges have been killed, of which six of cases were dismissed, while some are still pending. The proposed judicial marshals will provide security as well as gather intelligence on possible threats to judges. Mr. Gordon said the committee will be holding one final hearing to finalize the measure, before it sponsors the bill for plenary consideration. — Charmaine A. Tadalan

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