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Kiong Hee Huat Tsai

“Congratulations and wishing you prosperity!” — that is what “Kiong Hee Huat Tsai” conveys in the Hokkien dialect, which is what the majority of the Chinese Filipinos (Tsinoys) here in the Philippines speak.

Since 2012 when then-President Benigno Simeon Aquino III declared Chinese New Year’s Day a public (non-working) holiday, the special event has been a lower-key local sequel to the big bang of the traditional world New Year’s Day on Jan. 1. And Filipinos (they say we all have some Chinese blood in our veins somehow) have taken the rituals and symbols of the Chinese New Year seriously. Jan. 25 started the year of the Metal Rat, the first animal in the Chinese Zodiac, ushering in a new 12-year cycle in the lunar rhythm of Life.

The enchantment with the Chinese New Year perhaps shows eagerness (or urgency?) to find some magic formula to secure wants for prosperity and stability. The Binondo Chinatown markets can be shamed by the crowded tiangge (flea market) at the Greenhills Shopping Center that abounds with pagan good luck trinkets and other feng shui items — sold, curiously, mostly by Muslim brothers and sisters clothed in their traditional attire, and bought by avid Christians already bedecked with religious medals and rosary-bracelets strung with “healing stones” for the chakras of the body more than for the soul.

Chinese New Year indeed emphasizes the merry mix of cultures in our country. If prosperity and stability are hoped for in the New Year, it would not hurt to feed ampao (money in a red envelope) to the rearing head of the paper lion, as the nine-or 11-jointed (they cannot be even-jointed) nine-meter long (or more) paper dragon manipulated by 10 dancing men writhing around the commercial centers of the big cities. Hope business will be good in 2020.

“Two of the Philippines’ taipans, whose businesses have become part of Filipinos’ daily lives, passed on (in 2019). On the economic front, borrowing costs went down as inflation eased. Chinese expatriate workers, who helped spur property demand, were placed under closer scrutiny,” ABS-CBN News summarized in its year-ender on Dec. 24, 2019. Tsinoy corporate giants Henry Sy, John Gokongwei, Jr., and George Ty (the latter passed on in 2018) are missed, as they will always be remembered and appreciated for the huge contributions they personally made to economic development in the country.

On the other hand, most of what happened last year was somehow related to our somewhat confused relationship with the communist Mainland Republic of China.

And President Rodrigo Duterte has been the main spice for the socio-political and economic broth “double, double, toil and trouble” which bubbled in the events of 2019 — in which prospects for business and survival in 2020 will serve the expected prosperity and stability for the Filipino people. Mr. Duterte has openly professed alliance with, and “love” for, China’s President Xi Jinping (and for ousted former dictator Ferdinand Marcos and his family — yet another story). Duterte has ignored the arbitral ruling of The Hague that declared part of the West Philippine Sea, Philippine territory.

Last year, former Ombudsman Conchita Carpio-Morales and former Secretary of Foreign Affairs Albert del Rosario filed a case in the International Criminal Court (ICC) against President Xi and other Chinese government officials for alleged “crimes against humanity” because of environmental damage in the West Philippine Sea due to land reclamation, occupation of islands, and destructive fishing activities conducted by China. The communication was delivered to the ICC two days before the Philippines’ ICC withdrawal became effective (ABS-CBN News, March 21, 2019).

A year earlier, Duterte withdrew the Philippines from its ratification of the Rome Statute, reacting to the start of the ICC’s preliminary examination into allegations of extrajudicial killings in the Philippines (Philippine Star, March 14, 2018). In 2017, lawyer Jude Sabio filed a complaint at the ICC accusing President Duterte of murder in a bloody anti-drugs crackdown. Sabio was the lawyer for Edgar Matobato, a man who has testified in the Philippine Senate that he was part of a hit squad that operated on Duterte’s orders. Early this month, Sabio withdrew his complaint in a 28-page letter addressed to ICC Prosecutor Fatou Bensouda (Interasksyon, Jan. 15).

Former Senator Antonio Trillanes, one of Presdient Duterte’s most vocal opponents, said the president’s allies must have had a hand in Sabio’s decision, saying it was an indication they are worried about the ICC case, Interaksyon reported. President Duterte will eventually find himself answering charges before the ICC, lawyer Chel Diokno, defeated Senatorial candidate in the May 2019 elections, said, citing the Philippine courts’ inability to prosecute him because of the legal immunity he enjoys while in office (ABS-CBN News, Dec. 19, 2019).

Perhaps 2019 saw the most violent attacks against media, as Rappler CEO and journalist Maria Ressa was arrested for allegedly violating the Anti-Dummy Law, which prohibits foreigners from intervening in the management and operation of a Filipino media company. “She cannot be always using the freedom of the press as an excuse to attack the administration,” Presidential Spokesman Salvador Panelo was quoted as saying in the Philippine Daily Inquirer of March 19, 2019. But what crime has ABS-CBN done (which has been “earmarked” for closure in March this year, when its franchise ends)?

If the “crimes” oppositionists are accused of are easily seen, where is the 20/20 vision when it comes to the deterioration of peace and order (extrajudicial killings, a.k.a. EJK, and street crimes) and of rising corruption in the country? EJKs have been ferociously denied by the administration, while unstable statistics have weakened arguments of the rights-conscious, as the ICC protests seem to show.

Corruption in the Philippines is getting worse, with the country sliding a whopping 14 places and now ranking 113th of 180 countries (from 99 in 2018) — with a score of 34 out of 100 — in Transparency International’s annual Corruption Perceptions Index, a ranking of the most corrupt and cleanest governments in the world. And yet the government turns around and calls two of the most respected top corporations in the land corrupt and greedy, of having exploited the Filipino people’s vulnerability with the basic need of water. It all started with the water shortage in Metro Manila in the summer. Then the concession contracts of Manila Water, owned by the Ayala Group, and Maynilad, owned by the Manny Pangilinan group of companies, were reviewed and deemed “onerous” by the political governance.

Contracts with government will all be reviewed, President Duterte announced late last year. Then came the focus on the Ayala Group’s 2006 tie-up with the University of the Philippines Technohub, with threats to “adjust” (change?) contracts “to protect the interests of the Filipino people.” Private lawyers have been pointing to provisions in civil law on the stability of contracts (one party cannot force renegotiation or individual novation), and the more intelligent Filipinos will know what the repercussions of this autocratic adjustment of government contracts with the private sector upon the actual and perceived rule of law in the country will be. The financial and stock markets have already intuitively factored in the insecurities of private business and investors and risk and returns have been affected.

Feng shui master Patrick Lim Fernandez, a former investment banker, commenting on the prospects for the Year of the Rat, 2020, says “Be extra careful of investments and savings this year.” Master Hanz Cua also said in the Tempo of Jan. 20 that investments must be carefully planned, like the mythical Rat, who squirrels away bits and pieces of food for sustained survival.

We are well warned of the challenges in the Year of the Rat.

 

Amelia H. C. Ylagan is a Doctor of Business Administration from the University of the Philippines.

ahcylagan@yahoo.com

Olivia Burton is now in the Philippines and has a colorful way of welcoming 2020

British accessories brand Olivia Burton, together with Philippines’ Retail Specialist Newtrends International Corporation, bring fashion and function to the islands of the Philippines introducing trendy and unique timepieces for women.

Founded by best friends and former fashion buyers Lesa Bennett and Jemma Fennings, the brand is named after Bennett’s great aunt whose vibrant energy and unique style served as great inspiration to the duo. Olivia Burton has been making waves in the fashion industry since the launch of its debut collection in 2012.

Designed in London, the brand takes inspiration from fashion, vintage, and nature to create unique accessories that can be treasured forever. With nature being the brand’s main theme, Olivia Burton is embarking on a new journey to become a more sustainable fashion brand. Innovation does not stop the established accessories brand for they now have vegan friendly styles featuring synthetic straps customers can choose from.

Bees, butterflies, bunnies and water color florals are some of the common elements that customers can expect from Olivia Burton’s nature-inspired collections.

Every piece has a Japanese quartz movement, which is carefully designed and produced in a limited quantity.  Its watches are a great addition to complete one’s style and wardrobe.

The Rainbow Collection

This year 2020, Olivia Burton is introducing a new set of timepieces that will surely and again capture the heart of everyone.

From left to right: Rainbow Rose Gold Mesh You Have My Heart Lucky Bee, Silver & Rose Gold Mesh Rainbow Bezel & Rose Gold Bracelet

It’s all about the sparkle with this little gem. A rose gold bracelet strap and classic white dial offset a bezel that glitters beyond your wildest dreams. The sustainably-sourced Swarovski crystals are echoed in the rainbow markers that spread a little joy across the bold 34mm Demi-dial. The perfect reminder to embrace those positive vibes.

Meet our new Lucky Bee – the perfect treat or token of love this Valentine’s Day. Freshly updated to celebrate our eighth birthday (lucky number eight) our beautiful 3D bee sits proudly in the centre of a bubblegum pink brush stroke heart and contrast silver hands. Swarovski crystal markers, a rose gold mesh strap and limited edition gift box make this a very special present.

Why count numbers when you can count crystals? Add a touch of luxe to your everyday look with this sparkling timepiece in super-versatile Rose Gold. Little Swarovski Crystal stones and baguettes stand in place of the markers, against a clean white dial. This treasure-worthy piece is equal parts classic and standout.

Elevate the everyday with this sparkling style featuring Swarovski baguettes and tiny crystals, which replace the traditional markers in this luxe timepiece – made all the more impactful on a 38mm Big dial.

Olivia Burton has expanded across the world with numerous stores in UK, USA, Canada, Germany, France, Netherlands, Ireland, Hong Kong, Japan, Singapore and the Philippines. The brand has been well received in the market and its success does not go unnoticed. Olivia Burton was awarded as UK’s Fashion Watch Branch of the Year for two consecutive years in 2016 and 2017.

Olivia Burton watches are available in select Watch Republic Stores, Robinson’s, Landmark and Rustan’s Department Stores with more to open in 2020. Each unique timepiece ranges from P6,700 to P14,700.

Olivia Burton keeps up with the latest fashion trends by releasing new collections within a period of eight weeks.

 

EDITOR’S NOTE:

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Nation at a Glance — (01/26/20)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

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Gov’t to sell at least P30B in RTBs

By Beatrice M. Laforga, Reporter

THE Bureau of the Treasury (BTr) is looking to raise at least P30 billion via the issuance of retail treasury bonds (RTB) starting Tuesday, Jan. 28.

In a notice posted on its website on Friday, the BTr said the fixed-rate RTBs will have a tenor of three years and an initial volume size of P30 billion, with option to upsize.

This will be the government’s first RTB offering this year and the 23rd issuance overall, following the sale of five-year RTBs in March last year where the Treasury raised P235.935 billion.

The offer period will start on Tuesday, Jan. 28 and run until Feb. 6 or at an any earlier date set by the BTr.

The three-year papers will be issued on Feb. 11 and mature in 2023.

These type of papers are offered to small investors as they consist of low-risk, higher-yielding savings instruments backed by the national government.

The papers will have a minimum investment of P5,000 and in multiples of P5,000 thereafter.

National Treasurer Rosalia V. De Leon said in a phone message that the proceeds of the fundraising activity will be used to fund the general budget.

Robinsons Bank Corp. peso debt trader Kevin S. Palma said the offer will likely be met with strong demand from the general investing public.

“The government was also prudent to come up with ways to manage its debt after it re-introduced its bond switch program. It basically allows current investors of the RTB 03-08 to extend maturity for another three years without having to shell out some cash,” Mr. Palma said in a Viber message on Friday.

In a separate notice, the Treasury said the RTBs will be officially launched on Tuesday along with its plan to “conduct switch tender offer for the 19th tranche of RTB as part of its liability management exercises.”

To encourage “wider participation among individual investors,” BTr said it will continue using its online ordering facility or the RTB Online Facility.

When ordering through the online platform, the BTr said a maximum of P500,000 will only be accepted per transaction.

The interest rate will be determined through a Dutch auction “based on current market levels of comparable securities rounded down to the nearest 1/8 of one percent.

Meanwhile, interest payments will be paid quarterly in arrears on the last day of each three-month interest period.

The bonds will be listed on the Philippine Dealing and Exchange Corp.

Of the P1.4-trillion borrowing program this year, the government will borrow 75% from the local market, while the remaining 25% will be sourced from external sources.

The Treasury has set a P420-billion local borrowing program this quarter, broken down into P240 billion in Treasury bills and P180 billion via Treasury bonds.

Earlier this week, the Treasury raised €1.2 billion from its offer of the euro-denominated bonds, €600 million each for the two tenors — three years and nine years.

Broken down, the three-year bonds were priced at a rate of 0.1%, while the nine-year papers carry a coupon of 0.7%, a spread of 40 basis points (bps) and 70 bps over benchmark rates, respectively.

BSP: Inflation likely to stay within target range until 2021

INFLATION is likely to settle within the midpoint of the central bank’s target range this year until 2021, with risks tilting slightly upward, according to officials from the Bangko Sentral ng Pilipinas (BSP).

“It’s not something that we should worry about… Inflation will get closer to the midpoint of the target range,” BSP Deputy Governor Francisco G. Dakila, Jr. said during a briefing held at the central bank headquarters in Manila on Friday.

The BSP has set an inflation target range of two to four percent for 2020 until 2021.

BSP Monetary Policy Sub-Sector Officer-In-Charge Dennis D. Lapid cited several upside risks to inflation such as volatility in oil prices caused by tensions in the Middle East and the potential impact of the African Swine Fever on the price of some food commodities.

Petitions for adjustments in electricity rates as well as the higher excise taxes on alcoholic beverages are also flagged as upside risks, Mr. Lapid said in his presentation.

On the other hand, Mr. Lapid said slower economic growth due to the escalation of protectionist policies and geopolitical tensions will be a downside risk to inflation.

Asked how the weather disturbances in countries (like Vietnam and Thailand) where the Philippines mainly imports rice could affect inflation, Mr. Lapid said weather conditions are expected to be “largely neutral” for the most of 2020.

“As of the moment, as I recall correctly, the most recent outlook by the weather services continue to indicate a largely neutral conditions…going into the second and the first half and for most of 2020… So that suggests that we will continue to see, on the whole, normal weather conditions to the agriculture activity,” he said.

Mr. Dakila said the rice tarriffication’s impact to inflation is -0.6%.

Q4 INFLATION
BSP Governor Benjamin E. Diokno said that headline inflation in the fourth quarter of 2019 slowed to 1.6% from 1.7% in the third quarter.

“Inflation slowed down slightly during the quarter due mainly to lower food and non-food inflation,” Mr. Diokno said.

Core inflation also eased to 2.7% in the fourth quarter of 2019, from 2.9% in the preceding quarter.

Inflation in 2019 was at 2.5%, slowing from the 10-year high 5.2% print seen in 2018.

The Monetary Board will have its first policy meeting this year on Feb. 6.

“In terms of decision-making for the policy, the consideration is not whether inflation is going up or down but whether inflation is within the target or not,” Mr. Lapid said.

“A consideration also is the assessment is whether the uptrend is due to temporary supply side or whether we’re seeing a broad-based uptrend in prices,” he added.

Mr. Diokno has previously said that another rate cut is possible as early as the first quarter of 2020, depending on key data and conditions. — Luz Wendy T. Noble

Inflation for poor households eases to two-year low in 2019

THE inflation rate for the country’s bottom 30% income households grew 2.6% in December. — REUTERS

By Mark T. Amoguis, Assistant Research Head

THE year 2019 saw inflation as experienced by low-income families fall to its lowest level in two years despite picking up in December, the Philippine Statistics Authority (PSA) reported on Friday.

The inflation rate for the country’s bottom 30% income households grew 2.6% in December, faster than 1.7% in November, but slower than 7.2% in December 2018.

That month’s print was the fastest reading in five months or since July’s 3.1% growth.

This brought the full-year print to 3.2%, slowing from 7.2% in 2018. This was the slowest pace since the three percent growth recorded in 2017.

The results compare with the 2.5% headline inflation experienced by the average Filipino household in December and full-year 2019 by the PSA, as well as the Social Weather Stations’s Fourth Quarter 2019 Social Weather Survey results that saw the proportion of self-rated poor families at 54%, the highest in more than five years or since the 55% logged in September 2014.

For the entire year, self-rated poverty rate was at 45%, three points lower than in 2018.

The PSA uses the 2012 base year in computing the headline consumer price index (CPI), while the bottom 30% income households’ CPI uses 2000 prices.

Additionally, the bottom 30% income segment’s CPI reconfigures the model basket of goods to capture the consumption patterns of the poor. For instance, food accounts for 75% of the theoretical basket of goods used by the poor versus the 35.5% weight of an average household.

In December, faster upticks were recorded in the indices of food, beverage and tobacco (FBT), which went up 2.5% from 1.6% in November; fuel, light and water (3.2% from 0.2%); and services (3.1% from 2.8%).

Food-alone index increased 1.3% in December from 0.4% in November, while housing and repairs steadied at 3.7%.

A slowdown was noted in clothing (2.8% from 3%) and miscellaneous items (2.2% from 2.3%).

For full-year 2019, slower increments were noted in FBT (3.4% from 8% in 2018); housing and repairs (4.1% from 4.3%); and fuel, light and water (2% from 8.2%).

Food-alone index likewise slowed 2.7% last year from 7.1% in 2018.

On the other hand, clothing rose three percent from 2.4%, as well as services (3.4% from 2.7%) and miscellaneous items (2.3% from 1.9%).

Sought for comments, Security Bank Corp. Chief Economist Robert Dan J. Roces said that the lower inflation reading for the low-income households last year was due to base effects.

“For the overall reading, easing food prices would explain this downtrend for the bottom income segment, particularly coming from a high base,” he said in an e-mail.

Poor households’ inflation in Metro Manila increased to 2.8% in December from 1.1% in November, taking the full-year reading to 1.7%, slowing down from 6.6% in 2018.

Similarly, those living outside the capital experienced inflation of 2.6% in December, higher than November’s 1.7%, with the full-year pace easing to 3.3% from 2018’s 7.2%.

DoE and NDRRMC coordinating power needs in volcano-affected areas

THE Department of Energy (DoE) is coordinating with the National Disaster Risk Reduction and Management Council on controlling the electricity supply in the immediate vicinity of Taal volcano in case of a hazardous eruption.

They are identifying areas that need 24/7 electricity such as evacuation centers, local government command centers, and hospitals.

Energy undersecretary Felix William B. Fuentabella said that once an area is in lockdown, the energy sector will coordinate with the council on the suspension of electricity service and supply of downstream oil products in the concerned areas.

“Kailangan clear ang instructions and ’yung lines ng communication sa pagbabalik ng services o ng supply depende sa instructions ng council (There should be clear instruction and lines of communications in returning services or supply on the instructions of the council),” he said.

“So we will have a situation where evacuation centers will have to be supplied power or energy services, pero ’yung surrounding area niya wala (but not in the surrounding areas). This is to ensure that everyone, especially the people of Batangas and the other affected areas are safe.”

Mr. Fuentabella said that keeping lockdown areas supplied with electricity would be dangerous as people may be tempted to return home before it is safe to do so.

“Danger na nakikita namin pag binibigyan ng supply ng kuryente is bumabalik ang mga tao at di nasusunod sinasabi ng council. (The danger we see is if we supply electricity, people will go back and the council’s instructions will not be followed).”

Representatives from energy sectors said that while there are no power plants within the 14 kilometer high-risk zone, there are transmission and distribution lines within the zone.

National Grid Corporation of the Philippines (NGCP) Assistant Vice-President for South Luzon Gerardo Torres said they have 44 towers in the lockdown areas.

The NGCP is currently removing ash and debris from its power lines to assure continued power supply in Luzon.

“Once na mabigyan ng clearance to penetrate these facilities (in the high-risk area), we can clean all the towers,” Mr. Torres said.

The DoE spoke with representatives of the energy sector on plans to secure power plants in the event of a hazardous eruption and to improve government communications in case of loss of signal.

“Nandiyan din po ang suporta ng petroleum group… para malaman ng mga nasa area on the ground kung ano ’yung mga bukas at saradong estasyon ng gasolina, diesel, kerosene. (The support of the petroleum group is also there, so those in the area will know which gas, diesel and kerosene stations are open or closed),” Mr. Fuentabella said. — Jenina P. Ibañez

LGUs allow limited access to Taal volcano-affected areas

SOME local government units in areas affected by the Taal volcano eruption allowed their residents to go home on Friday to feed their livestock, amid the seeming decrease in Taal Volcano’s activity this week.

“So ang sabi ni hepe sa amin nitong meeting namin, nagbigay siya ng oras para magpunta yung mga taga doon para mapakain ang kanilang mga alagang hayop (So out boss said in our meeting that he would give time for people from those areas to return to feed their lifestock),” Jose Clyde Yayong, Chief of the Tagaytay City Disaster Risk Reduction Management Office, said in a briefing which was streamed on Facebook.

Free services continue to be provided for evacuees, including dental services, hair cuts, and film showings, Mr. Yayong said.

“Tuloy-tuloy ang mga serbisyo na binibigay sa mga evacuees na nadito sa Tagaytay. Dental services, libreng gupit, film showing, meron pong konting pag entertain sa mga evacuees po para hindi masyadong malungkot sa evacuation center so tuloy-tuloy po yung gawa ng local government units (We continue to provide services to evacuees here in Tagaytay. Dental services, free haircuts, film showing, a bit of entertainment for the evacuees so they do not get too depressed in the evacuation centers),” he said.

The Philippine Institute of Volcanology and Seismology (Phivolcs) warned there is still a 30% chance that there will be an explosive eruption and that people should stay out of the 14-kilometer danger area.

Phivolcs Director Renato U. Solidum, Jr. said in a conference on Friday that even with the apparently waning activity in the volcano’s crater, they have seen signs that show a risk of a destructive explosion similar to the eruption of 1754.

“There is a three out of 10 chance that the 1754 eruption may happen. It’s the 1754 that is the scale…. and 30% is very high,” Mr. Solidum said.

Taal volcano’s 1754 eruption was the most powerful of those recorded in historical data. That eruption lasted for over six months.

Phivolcs recorded “weak to moderate emission of white steam-laden plumes that went as high as 500 meters” in the past 24 hours according to the bulletin released at 8 a.m. on Friday, Jan. 24.

The agency also measured an average of 224 tons of sulfur dioxide released, according to its 8 a.m. report. This is higher than the 141 tons it measured on Thursday morning.

Phivolcs has also recorded 738 volcanic earthquakes since the Jan. 12 eruption, 176 of which were felt with intensities 1 to 5.

More than 88,000 families in Batangas, Quezon, Laguna, and Cavite were affected by Taal volcano’s eruption, according to the local disaster agency’s 6 a.m. report.

Over 37,300 families are taking temporary shelter in 488 evacuation centers while 37,230 families are being served outside them, it said.

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

In a separate development, 1PACMAN Party List Rep. Michael L. Romero filed House Bill 5763 seeking P3 billion in funding for the Phivolcs Modernization Act of 2019.

The amount is expected to equip Phivolcs with the latest instruments and equipment to improve the agency’s capabilities for warning, assessing, and monitoring volcanic eruptions, earthquakes, and tsunami activity.

Under the bill, the Phivolcs Modernization Program will be implemented for an initial period of two years.

The Philippine Amusement and Gaming Corporation (Pagcor) will be mandated to release P1.5 billion to Phivolcs for each year of implementation.

“Earthquakes and volcanic eruptions have killed thousands of Filipinos and robbed them of their future and fortune. It is time to fight back and arm ourselves with state-of-the-art life-saving instruments and equipment available here and abroad,” Mr. Romero said. — Genshen L. Espedido

BIR suspends tax deadline in Batangas due to Taal eruption

THE Bureau of Internal Revenue (BIR) has suspended the deadlines of filing and payment of tax returns in Batangas to provide relief to the residents affected by the eruption of Taal Volcano, until the situation returns to normal.

Through revenue memorandum circular no. 7-2020 dated Jan. 14, BIR Commissioner Caesar R. Dulay ordered the temporary suspension of January deadlines for taxpayers under the jurisdiction of Revenue District Offices (RDOs) No. 58 in Batangas City in West Batangas and No. 59 in Lipa City in East Batangas.

These are the areas that are directly affected by the volcanic eruption.

“Due to the recent volcanic eruption of the Taal volcano affecting numerous cities, towns and municipalities in its vicinity, this Office found it proper to suspend the deadlines, for the month of January, on the filing and payment of tax returns in the area until such time that the situation returns to normal,” the memorandum read.

With the temporary suspension, Mr. Dulay said there will also be no penalties applied on the late filing and payments of tax returns, “until an advisory from this Office (BIR) is issued to resume regular operations.”

The memoradum was released and posted on its website on Thursday.

Taal Volcano in Batangas first erupted on Jan. 12, forcing residents in nearby towns to flee.

As of Friday morning, Alert Level 4 is still in place over Taal Volcano. People are still not allowed to enter the high-risk areas within the 14-kilometer radius from Taal’s main crater. — Beatrice M. Laforga

Government getting ready to resettle Taal volcano-affected families

THE Philippine government said it is working to resettle any affected families in case of an explosive eruption of the Taal volcano.

The newly formed Department of Human Settlements and Urban Development (DHSUD) said in a briefing in Makati City on Friday that the National Housing Authority (NHA) is already looking at an 800-hectare piece of land in Cavite as a possible relocation site.

“We coordinated with the provincial government already and was given a list of possible resettlement sites of about 800 hectares. With this data, I have coordinated with the (NHA) so that they can plan already for a massive resettlement of an initial estimate, as of now, of 22,000 families,” DHSUD Secretary Eduardo D. del Rosario said.

While the possibility remains that Taal volcano will not erupt further and evacuees may return to their homes in Batangas, Mr. Del Rosario said the government is looking at contingency plans such as building new houses in Cavite or temporarily moving evacuees to other sites.

Among the plans, he said, is offering the 1,000-unit housing project of the Armed Forces of the Philippines and the Philippine National Police in Ibaan, Batangas to the Taal evacuees. He noted that the provincial government is already arranging for lights and water in these sites to prepare for evacuees.

“(The) 22,000 housing units can be built if we will have a full-scale construction within a year. The problem is where will they (evacuees) stay before the construction is completed? That is where the evacuation centers will come in, and we have available 1,000 units in Batangas that can be fixed and used in months’ time,” Mr. Del Rosario said.

“We are preparing for the worst case scenario, and the government is ready for this event,” he added.

Mr. Del Rosario gave an initial amount of P11 billion that will be needed for the Cavite relocation, computed from the P500,000 cost per housing unit multiplied by the estimated 22,000 families affected. Should the project push through in case of a devastating Taal volcano eruption, this amount will be taken from the supplemental budget of P30 billion that Congress is studying.

HOUSING LOANS FOR EVACUEES
The Social Housing Finance Corp. (SHFC), another agency under DHSUD, also announced on Friday that it is adjusting its interest rates for member-beneficiaries to as low as 2%.

SHFC is the government’s lead agency in providing social housing programs to low-income families. It currently offers three types of loans: land acquisition, site development, and house construction loans.

The government-owned and -controlled corporation said that starting January, it is implementing socialized interest rates for those availing of the full package of loans under its Community Mortgage Program. A full package includes its three loan types.

The scheme will have 10 classifications, where those falling under the first and second deciles will pay an interest rate of 2% from the current 6%. Repayment term for those in this bracket is also extended to 35 years from 25 years with graduated amortization.

The interest rate for households that will be classified under the third decile is 4%. For those in the fourth to seventh deciles, it will be 4.5%, and for those in the eight to 10th deciles, it will be 6%. In all these brackets, the repayment term is extended to 30 years with graduated amortization.

SHFC said that the 2% interest rate is the lowest in the country’s history of housing financing. SHFC head Arnolfo Ricardo B. Cabling said this will help about 80% of its borrowers that come from evacuees of danger zones, which comprise 30% of SHFC’S portfolio.

The agency was able to provide P2.48 billion in housing loans to 32,797 beneficiaries in 2019, double the number of beneficiaries from the previous year.

Aside from the socialized interest rates, SHFC is also offering a penalty condonation program for borrowers that have arrears worth at least three months of amortizations. Under the program they will no longer have to pay the accumulated penalties and surcharges from unpaid amortization.

“This is our gift to our low-income clients… [W]e are hoping that (beneficiaries) will immediately file their applications before the program ends in 2021,” Mr. Cabling said in a statement. — Denise A. Valdez

Palace says process of ending VFA has started

THE Palace has said that the process of abolishing the Visiting Forces Agreement (VFA) between the Philippines and the United States of America has begun, this after President Rodrigo R. Duterte called on the US to address a senate ally’s cancelled visa.

Presidential Spokesperson Salvador S. Panelo confirmed this with reporters on Friday, saying that the Philippine government is already starting the process. The revocation of the VFA will be in effect 130 days after the US formally receives a notification from the Foreign Affairs Secretary.

“On the Visiting Forces Agreement will come 130 days from the time the parties have notified each other… so according to [Foreign Affairs] Secretary [Teodoro] Locsin [Jr.], it’s supposed to be parting any time to the US,” he said.

In a speech on Thursday, Mr. Duterte said that he is giving the US a month to undo the cancellation of Senator Ronaldo “Bato” O. dela Rosa’s US visa. He said, “I’m warning you, this is the first time: ’pag hindi ninyo ginawa ang correction diyan (If you do not correct that), one, I will terminate the bases — Visiting Forces Agreement… I’m giving government and the American government one month from now, mag-istorya mi, pahawaon nako sila sa ilang Visiting Forces Agreement (we will talk, I will terminate the Visiting Forces Agreement).”

Despite having given the US one month to renew Mr. Dela Rosa’s visa, Mr. Panelo said that Mr. Duterte wanted to begin the process of the agreement’s termination.

Foreign Affairs Secretary Teodoro L. Locsin, Jr. said in a social media post on Friday that he, as VFA Chair, and Department of National Defense (DND) Secretary Delfin N. Lorenzana are already acting on it. He added that he will first call the US Senate Foreign Relations Committee “because on our side, it is a treaty; on US side (an) Executive Agreement.”

Mr. Lorenzana said in a message to reporters on Friday that he understands Mr. Duterte’s ire over the cancellation of Mr. Dela Rosa’s US visa, as this comes after a US resolution to block certain members of the Philippines government from entering the US.

An amendment in the US’ recently passed 2020 National Budget prohibits Philippine officials from entering the country if found to be linked to Senator Leila De Lima’s incarceration. Another recent US Senate Resolution will block US entry and freeze the US assets of Filipino officials who are involved in extra-judicial killings in connection with the Duterte administration’s war on drugs, and those responsible for the detention of Ms. De Lima.

“I can understand why PRRD [President Rodrigo R. Duterte] is peeved by the cancellation of Senator Bato’s visa because of alleged extrajudicial killings in connection with the drug war. Most specially that Bato was specifically targeted. It is a direct affront to PRRD being the architect of the drug war that he started upon his assumption of office. He ordered Bato, then the newly installed Chief PNP, to launch the drug war,” Mr. Lorenzana said.

Mr. Panelo said that the cancellation of the senator’s US visa is one of the reasons why Mr. Duterte will not be attending the US-ASEAN Summit in Las Vegas, Nevada this March.

“That added to the other factors,” Mr. Panelo said.

For his part, Senator Panfilo M. Lacson, Sr. said that the VFA is a bilateral agreement that cannot be broken without being voted on by the Senate. He said in a statement on Friday that “The Supreme Court should act soonest on whether the Senate’s consent is needed before the executive department can terminate a treaty or bilateral agreement — an issue raised in a petition filed before it by members of the Senate.”

Justice Secretary Menardo I. Guevarra said that they are also currently working out the lawful process to terminate the VFA. He said in a message to reporters on Friday, “(T)he DOJ (Department of Justice) has been tasked to study the proper procedure to terminate the VFA. We are doing it now.” — Gillian M. Cortez

Taal refugees still need help says foundation

A NON-PROFIT organization Philippine Disaster Resilience Foundation (PDRF) is calling on its member companies and other private sector entities to continue contributing aid to areas affected by the Taal volcano eruption, especially as help is not currently distributed evenly to all evacuation centers.

While donations are pouring in, the problem is that the stocks in evacuation centers need to be replenished as there is no way to tell when the evacuees will be able to return to their homes.

PDRF Executive Director Veronica Gabaldon said in a conference on Friday: “When we went around rapid damage assessment and needs analysis, at hindi equitable ang tulong na naiibibigay (the help given is not distributed equitably). There are evacuation centers [where people are] eating eight times a day and there are evacuation centers [where people are] eating twice a day.”

PDRF is also calling on companies to give help regularly rather than just making a one-time donation, saying that necessities are bound to run out if the volcano continues to be active.

“What PDRF said the need there is replenishment,” Ms. Gabaldon said, adding that evacuation centers need hygiene kits, cleaning materials, sleeping kits, and medicine.

Department of Health (DoH) Director Gloria Balboa said that more manpower is also needed for giving out the aid in the evacuation centers. Tracking donations is also a problem because some evacuation centers receive assistance in excess compared to shelters in far flung areas.

“That’s one of our concerns, transporting the logistics …The monitoring of the distribution of the logistics is a problem,” she said in a conference on Friday.

While food is not a problem for evacuees as 98% of evacuation centers are already covered in those terms, the supply of water is still not enough for the evacuees. Ms. Balboa said it is not advisable to donate bottled water as the safety of the water in bottles cannot be verified since many donations included unbranded bottled water. Donations of sealed containers of a gallon of water is preferred.

Sanitation is also a concern in evacuation centers, with Ms. Balboa explaining that “There are not enough portalets. You can put a portalet easily but the problem is the maintenance because it is costly… which is why we have a wash assessment team to go to evacuation centers to see the type of toilet facilities that can be constructed.”

PDRF President Butch Meily said, “Taal is a crisis that affects us all. it could affect hundreds of thousands of people and is dangerously close to the heart of the Philippine economy.”

The PDRF also showed its proposed plan which aims to guide its member companies and other stakeholders in its relief efforts in Taal. Assistance will be classified under eight PDRF clusters: logistics; information communications technology; water and sanitation; power, fuel and energy; food and non-food; finance and insurance; search and rescue; and infrastructure. — Gillian M. Cortez