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By VG Cabuag A LL Value Holdings Corp. of the Villar Group said it will spend some P5.5 billion to P6 billion in putting up its All Home stores—a new retail format that serves the needs of contrac- tors and homeowners—around the country. Manuel Villar, chairman of All Value and publicly listed Vista Land & Lifescapes Inc., said over the week-end the company targets to open six stores this year and and another six in 2016, as it expands its portfolio. “The performance of our initial stores is very encouraging; so we decided to go full blast on our expan- sion for this year and the next,” Villar told reporters during the opening of the seventh branch of All Home in Molino, Cavite. The average cost of each store is between P400 million and P500 million, including the in- ventory cost of about P200 mil- lion, depending on the size of the store. All Home will have an average floor size of 7,000 square meters to 10,000 sq m, the biggest of which is in Molino. The stores can be expanded to up to 12,000 sq m, he said. According to the PSA data, the inflation experienced by the bottom 30 percent of the popu- lation in 2014 was the highest since 2008, when the average rate in the price adjustments was at 13.9 percent. The inflation rate for the bottom 30-percent income households in 2013 was at 3.7 percent. The low- est inflation rate for this household group since 2008 was recorded in 2012, at 2.9 percent. The poor spend more than 50 percent of their income for food products, which are among the items that saw the fastest rates of price hikes in the basket of goods gauged in the Consumer Price Index. In the fourth quarter of 2014, the impact of the decline in global By Cai U. Ordinario T HE irony continues—the poorest Filipinos had to pay more for less. Data released by the Philippine Statistics Authority (PSA) showed that the poorest 30 percent of the Philippine popu- lation saw the prices of the goods they buy rising at an average rate of 6 percent in 2014, way faster than the 4.1-percent inflation posted last year. www.businessmirror.com.ph n TfridayNovember 18, 2014 Vol. 10 No. 40 P25.00 nationwide | 7 sections 36 pages | 7 DAYS A WEEK n Monday, February 2, 2015 Vol. 10 No. 116 A broader look at today’s business BusinessMirror THREE-TIME ROTARY CLUB OF MANILA JOURNALISM AWARDEE 2006, 2010, 2012 U.N. MEDIA AWARD 2008 PESO EXCHANGE RATES n US 44.1320 n JAPAN 0.3729 n UK 66.4849 n HK 5.6930 n CHINA 7.0646 n SINGAPORE 32.6058 n AUSTRALIA 35.2127 n EU 49.9574 n SAUDI ARABIA 11.7419 Source: BSP (30 January 2015) Continued on A2 See “Villar,” A2 WHY GREECE WENT LEFT WHILE EUROPE TURNS TO RIGHT Perspective » E4 FAR left photo shows supporters of Greece’s extreme right party Golden Dawn holding torches during a rally to commemorate a 1996 incident that cost the lives of three Greek navy officers and brought Greece and Turkey to the brink of war in central Athens on Saturday. The extreme right, anti-immigrant Golden Dawn party, which has Nazi roots, received the third-place in Sunday’s election. Left photo shows people gathering in the main square of Madrid during Spain’s radical leftist party Podemos’s (We Can) march on Saturday, which hopes to emulate the electoral success of Greece’s Syriza party in elections later this year. AP Villar spending ₧6B for new retail-format All Home CHINA’S FACTORY GAUGE SINKS TO TWO-YEAR LOW A CHINESE manufacturing gauge sank to a more than two-year low in January, adding pressure on the govern- ment to stimulate an economy that last year expanded at the slowest pace since 1990. The government’s Purchasing Managers’ Index (PMI) fell to 49.8 in January from 50.1 in December, according to data released on Sunday by the statistics bureau and the China Federation of Lo- gistics and Purchasing (CFLP) in Beijing. That missed the median estimate of 50.2 in a Bloomberg News survey of analysts, and is below the 50 level that separates expansion and contraction. China’s fiscal revenue in- creased the least since 1991 last year due to a property slump and declining factory profits, curb- ing scope to boost growth with government spending. That may leave the onus on the central bank to spur the economy. “China’s economic downturn will continue in the first quarter, and manufacturing activities will stay in a contraction,” Hua Changc- hun, a China economist at Nomura Holdings Inc. in Hong Kong, said before Sunday’s data release. The nonmanufacturing PMI fell to 53.7 in January from the previ- ous month’s 54.1, according to a separate report on Sunday from the NBS and the CFLP. Services made up 48.2 percent of the economy in 2014, up 1.3 percentage points from a year earlier. The government’s manufac- turing index was based on a sur- vey of purchasing executives at 3,000 companies. The Chinese economy grew 7.4 percent last year and 7.3 percent last quarter, according to an NBS release last month. AP Poorest Pinoys still pay more for less RUN FOR HEROES Saluting as they pass by police officers holding photographs of the 44 police officers killed in Mamasapano, Maguindanao, an estimated 15,000 runners joined the midnight Condura Skyway Marathon 2015, which started at the Skyway Alabang Tunnel on Alabang-Zapote Road and ended at Spectrum Midway Extension, Filinvest City, Alabang. The marathon’s main beneficiary is the Help Educate and Rear Orphans Foundation, which, since 1988, has been sending children of fallen soldiers to school. NORIEL DE GUZMAN VILLAR: “The performance of our initial stores is very encouraging; so we decided to go full blast on our expansion for this year and the next.” PSA DATA SHOW INFLATION FOR BOTTOM 30% OF POPULATION AT 6% IN 2014, FASTER THAN OVERALL AVERAGE OF 4.1%
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Page 1: BusinessMirror January 2, 2015

By VG Cabuag

A ll Value Holdings Corp. of the Villar Group said it will spend some P5.5 billion

to P6 billion in putting up its All Home stores—a new retail format that serves the needs of contrac-tors and homeowners—around the country. Manuel Villar, chairman of All Value and publicly listed Vista land

& lifescapes Inc., said over the week-end the company targets to open six stores this year and and another six in 2016, as it expands its portfolio. “The performance of our initial stores is very encouraging; so we decided to go full blast on our expan-sion for this year and the next,” Villar told reporters during the opening of the seventh branch of All Home in Molino, Cavite.

The average cost of each store is between P400 mil l ion and P500 million, including the in-ventory cost of about P200 mil-lion, depending on the size of the store. All Home will have an average floor size of 7,000 square meters to 10,000 sq m, the biggest of which is in Molino. The stores can be expanded to up to 12,000 sq m, he said.

According to the PSA data, the inflation experienced by the bottom 30 percent of the popu-lation in 2014 was the highest since 2008, when the average rate in the price adjustments was at 13.9 percent.  The inflation rate for the bottom 30-percent income households in 2013 was at 3.7 percent. The low-est inflation rate for this household

group since 2008 was recorded in 2012, at 2.9 percent. The poor spend more than 50 percent of their income for food products, which are among the items that saw the fastest rates of price hikes in the basket of goods gauged in the Consumer Price Index.  In the fourth quarter of 2014, the impact of the decline in global

By Cai U. Ordinario

The irony continues—the poorest Filipinos had to pay more for less. Data released by the Philippine Statistics Authority (PSA) showed

that the poorest 30 percent of the Philippine popu-lation saw the prices of the goods they buy rising at an average rate of 6 percent in 2014, way faster than the 4.1-percent inflation posted last year.

www.businessmirror.com.ph n TfridayNovember 18, 2014 Vol. 10 No. 40 P25.00 nationwide | 7 sections 36 pages | 7 days a weekn Monday, February 2, 2015 Vol. 10 No. 116

A broader look at today’s businessBusinessMirrorthree-time

rotary club of manila journalism awardee2006, 2010, 2012u.n. media award 2008

Peso exchange rates n us 44.1320 n jaPan 0.3729 n uK 66.4849 n hK 5.6930 n china 7.0646 n singaPore 32.6058 n australia 35.2127 n eu 49.9574 n saudi arabia 11.7419 Source: BSP (30 January 2015)

Continued on A2

See “Villar,” A2

why greece went left while euroPe turns to right Perspective»E4

FaR left photo shows supporters of Greece’s extreme right party Golden dawn holding torches during a rally to commemorate a 1996 incident that cost the lives of three Greek navy officers and brought Greece and Turkey to the brink of war in central athens on saturday. The extreme right, anti-immigrant Golden dawn party, which has Nazi roots, received the third-place in sunday’s election. Left photo shows people gathering in the main square of Madrid during spain’s radical leftist party Podemos’s (we Can) march on saturday, which hopes to emulate the electoral success of Greece’s syriza party in elections later this year. AP

Villar spending ₧6B for new retail-format All Home

china’s factory gaugesinKs to two-year lowAChinese manufacturing

gauge sank to a more than two-year low in January,

adding pressure on the govern-ment to stimulate an economy that last year expanded at the slowest pace since 1990. The government’s Purchasing Managers’ index (PMi) fell to 49.8 in January from 50.1 in December, according to data released on sunday by the statistics bureau and the China Federation of Lo-gistics and Purchasing (CFLP) in Beijing. That missed the median estimate of 50.2 in a Bloomberg news survey of analysts, and is below the 50 level that separates expansion and contraction. China’s fiscal revenue in-creased the least since 1991 last year due to a property slump and declining factory profits, curb-ing scope to boost growth with government spending. That may

leave the onus on the central bank to spur the economy. “China’s economic downturn will continue in the first quarter, and manufacturing activities will stay in a contraction,” hua Changc-hun, a China economist at nomura holdings inc. in hong Kong, said before sunday’s data release. The nonmanufacturing PMi fell to 53.7 in January from the previ-ous month’s 54.1, according to a separate report on sunday from the nBs and the CFLP. services made up 48.2 percent of the economy in 2014, up 1.3 percentage points from a year earlier. The government’s manufac-turing index was based on a sur-vey of purchasing executives at 3,000 companies. The Chinese economy grew 7.4 percent last year and 7.3 percent last quarter, according to an nBs release last month. AP

Poorest Pinoys still pay more for less

RUN FOR HeROes saluting as they pass by police officers holding photographs of the 44 police officers killed in Mamasapano, Maguindanao, an estimated 15,000 runners joined the midnight Condura skyway Marathon 2015, which started at the skyway alabang Tunnel on alabang-Zapote Road and ended at spectrum Midway extension, Filinvest City, alabang. The marathon’s main beneficiary is the Help educate and Rear Orphans Foundation, which, since 1988, has been sending children of fallen soldiers to school. NORIEL DE GUZMAN

VILLaR: “The performance of

our initial stores is very encouraging;

so we decided to go full blast on our expansion for this

year and the next.”

Psa data show inflation for bottom 30% of PoPulation at 6% in 2014, faster than oVerall aVerage of 4.1%

Page 2: BusinessMirror January 2, 2015

restricting or distorting competi-tion. Further, the bill provides for a Transitional Clause in order to allow affected parties time to renegotiate agreements or restructure their busi-ness to comply with the  law. According to del Rosario, the PCC is an independent body which shall have original and exclusive jurisdic-tion to enforce and implement the competition law. “Likewise, the PCC is empowered to investigate violations of the com-petition law; issue subpoena duces tecum and testificandum, cease and

desist orders; conduct administra-tive proceedings, impose adminis-trative fines; issue advisory or legal opnions; and is mandated to submit reports to Congress, including pro-posed legislation for the regulation of commerce, trade and industry,” he added. He said that in determining whether anticompetitive agreement or conduct has been entered into or committed, the commission shall observe the following guidelines: ■ Define the relevant market al-legedly affected by the anticompeti-

tive agreement or conduct; ■ Determine if there is actual or potential adverse impact on com-petition in the relevant market caused by the alleged agreement or conduct, and if such impact is sub-stantial and outweighs the actual or potential efficiency gains that result from the same; ■ Adopt a broad and forward-looking perspective, recognizing fu-ture market developments, but also taking account of past behavior of the parties involved and prevailing market conditions;

■ Balance the need to ensure that competition is not prevented or substantially restricted and the risk that efficiency may be deterred by overzealous intervention; and ■ Assess the totality of evidence on whether it is more likely than not that the entity has engaged in anti-competitive agreement or conduct. A person who fails or neglects to comply with any term or condition of a binding ruling, a cease and de-sist order or an order for readjust-ment issued by the commission,

shall pay a fine of not less than P50,000 and not more P200,000 for each violation.  The measure, however, said the decisions of the PCC are appeal-able to the Court of Appeals, with the Supreme Court as the court of last resort. The commission may also im- pose upon entities fines of not less than P5,000 to not more than P100,000, where, intentionally or negligently, they supply incorrect or misleading information in any document, application or other

paper filed with or submitted to the commission. The bill also provides that an entity that enters into any anti-competitive agreement or conduct as defined under this act shall, for each and every violation, be penal-ized by imprisonment of five to 10 years, or a fine up to 10 percent of the annual turnover of infringed during the previous fiscal  year or up to 10 percent of the value of the assets of the infringed, whichever is higher, or both imprisonment and fine.

SUNRISE SUNSET

FULL MOON6:24 AM 5:55 PM

MOONRISEMOONSET

4:48 AM 4:36 PM

TODAY’S WEATHERMETROMANILA

LAOAG

BAGUIO

SBMA/CLARK

TAGAYTAY

LEGAZPI

PUERTOPRINCESA

ILOILO/BACOLOD

TUGUEGARAO

METROCEBU

CAGAYANDE ORO

METRODAVAO

ZAMBOANGA

TACLOBAN

3-DAYEXTENDEDFORECAST

3-DAYEXTENDEDFORECAST

CELEBES SEA

LEGAZPI CITY24 – 29°C

TACLOBAN CITY23 – 29°C

CAGAYAN DE ORO CITY

METRO DAVAO24 – 33°C

ZAMBOANGA CITY23 – 34°C

PHILI

PPIN

E ARE

A OF R

ESPO

NSIB

ILITY

(PAR

)

SABAH

PUERTO PRINCESA CITY 24 – 30°C METRO CEBU

24 – 30°C

ILOILO/BACOLOD

23 – 30°C

24 – 30°C

23 – 31°C 24 – 31°C 24– 31°C

24 – 31°C 24 – 31°C 24 – 31°C

23 – 31°C 24 – 31°C 24 – 31°C

23 – 30°C 24 – 32°C 24 – 32°C

23 – 34°C 24 – 34°C 24 – 34°C

Watch PANAHON.TV everyday at 5:00 AM on PTV (Channel 4).

Weekday hourly updates: 6:00 AM on Balitaan, 7:00 AM & 8:00 AM on Good Morning Boss!, 9:00 AM, 10:00 AM, 11:00 AM, 12:00 PM, 1:00 PM

on News@1, 3:00 PM, 4:30 PM, and 6:00 PM on News@6

www.panahon.tv

@PanahonTV

FEBRUARY 2, 2015 | MONDAY

HIGH TIDEMANILA

SOUTH HARBOR

LOW TIDE

5:00 AM-0.13 METER

TUGUEGARAO CITY 20 – 30°C

LAOAG CITY 20 – 30°C

TAGAYTAY CITY 19 – 28°C

SBMA/CLARK 22 – 31°C

21 – 30°C 21 – 31°C 21 – 31°C

20 – 30°C 19 – 29°C 20 – 30°C

20 – 31°C 20 – 31°C 20 – 31°C

13 – 23°C 13 – 23°C 12 – 23°C

19 – 28°C 18 – 28°C 19 – 29°C

23 – 30°C24 – 29°C 24 – 30°C

24 – 30°C 24 – 31°C

22 – 31°C 23 – 32°C

24 – 31°C24 – 30°C 25 – 31°C

Partly cloudy to at times cloudy withrain showers and/or thunderstorms

HALF MOON

12:48 PMJAN 27

7:09 PMFEB 4

BAGUIO CITY12 – 23°C

23 – 31°C

9:12 PM1.03 METER

FEB 3TUESDAY

FEB 4WEDNESDAY

FEB 5THURSDAY

FEB 3TUESDAY

FEB 4WEDNESDAY

FEB 5THURSDAY

Cloudy skies with rain showers and/or thunderstorms

23 – 32°C

Light rains

Partly cloudy to at times cloudywith rainshowers

NORTHEAST MONSOON AFFECTING LUZONAND EASTERN VISAYAS.

(AS OF FEBRUARY 1, 5:00 AM)

METRO MANILA21 – 30°C

Northeast Monsoon locally known as “Amihan”. It affects the eastern portions of the country. It is cold and dry; characterized by

widespread cloudiness with rain showers.

Villar. . . Continued from A1

BusinessMirror [email protected] Monday, February 2, 2015A2

NewsContinued from A1

oil prices kicked in, with inflation averaging 5.1 percent.  This was higher than the 4.8 percent posted in the last quarter of 2013 and the lowest since 2011’s 5.2 percent. But the fourth-quarter inflation for the poorest 30 percent of households represented a slow-down from the 6.8 percent posted in the third quarter of 2014. The PSA said prices of items for consumers belonging to the bottom 30-percent income house-holds were generally stable com-pared to the 1.9-percent growth in the previous quarter, as exhibited

by its quarter-to-quarter change of zero percent. “Rollbacks in the prices of gaso-line, diesel, kerosene and LPG [liq-uefied petroleum gas] all over the country and lower charges in the electricity rates were noted in many regions during the quarter.  De-clines in the prices of food items in the NCR [National Capital Region] such as fruits, vegetables, chicken, pork, crabs and shrimps, were also observed,” the PSA said.  One of the main reasons for the uptick in the average inflation rate for bottom 30-percent households was the higher cost of food, which accounts for over 50 percent of their

household expenses.  The PSA said the 2014 annual av-erage growth of the food alone index at the national level went up to 7.5 percent.  It was reported at 3.4 per-cent in 2013. In the fourth quarter, the av-erage year-on-year increase in the food alone index was at 6.8 percent. This was lower than the third-quarter average annual in-flation of 8.7 percent. Meanwhile, the poorest 30 per-cent of households living in the NCR saw inflation reach 5.3 percent in 2014, from 2.2 percent in 2013.  In the fourth quarter, inflation slowed to 3.6 percent in 2014 com-

pared to 6.8 percent in the third quarter of 2014. However, this was higher than the 3.5 percent posted in the fourth quarter of 2013.  “Slowdowns in the annual in-crements in the heavily weighted FBT [Food, Beverage and Tobacco] and services also contributed to the downtrend,” the PSA said.  Members of the bottom 30 percent of income households in Areas Outside the National Capi-tal Region (AONCR) saw inflation climb to 6 percent in 2014, from 3.7 percent in 2013.  In the fourth quarter, inflation for the poorest Filipinos living in AONCR slowed to 5.1 percent in the

October-to-December period in 2014 from 6.8 percent in the third quarter of 2014. However, this inflation rate was still higher than the 4.8 percent posted in the fourth quarter of 2013.  “This was mainly brought about by the negative annual adjustment in the FLW Fuel, Light and Water] index. Moreover, the rest of the com-modity groups, except the clothing index, had lower rates during the quarter,” the PSA said.  The PSA said the first and sec-ond survey reports for the bottom 30-percent income households from Basilan for October, November and December 2014 were not received as of January 28, 2015.

Poorest Pinoys still pay more for less

House vows passage of competition law in March. . . Continued from A12

Officials said the establishment of All Home will serve as the initial phase of the group’s main retail de-velopment, which could either be developed by Vista Land or Starmalls Inc., also headed by Villar. In the Molino branch, for in-stance, another branch of Starmall will rise. All Value, however, is still a private company owned by the Vil-lar family. It will later be folded into Vista Land as it grows. Villar said, for the year, the com-pany will open a branch in Imus in Cavite; Santa Rosa in Laguna; and in Las Piñas. He declined to give the other locations as these are not yet fi-nal. “All Home is the logical extension of our real-estate business. We should have done this long ago,” Villar said.

Page 3: BusinessMirror January 2, 2015

[email protected] Editor: Dionisio L. Pelayo • Monday, February 2, 2015 A3BusinessMirrorThe Nation

THE cell-phone message of the Filipino police commandos to their base was triumphant:

“Mike 1 bingo,” a code meaning they have killed one of Southeast Asia’s most-wanted terror suspects, Ma-laysian Zulkifli bin Hir, also known as Abu Marwan.

But the euphoria among police generals monitoring the January 25 dawn assault in a southern swamp-land was brief.

As daybreak lifted their night cover, the young commandos came under intense rebel fire, trapped in the marshy fringes of Mamasapano town, a Muslim-rebel stronghold about 2 to 3 kilometers (1.2 to 1.8 miles) from where backup police forces waited. Unable to carry Mar-wan’s body, one of the commandos chopped off his finger and another took pictures as proof of his death, according to police officials.

Another policeman kept fran-tically calling for reinforcements by radio, but standby forces failed to penetrate the battle scenes, and the pleas for help eventually vanished.

“There was radio silence, a very long silence,” Chief Supt. Noli Talino, who helped oversee the op-eration, said in Friday’s eulogy, his voice cracking.

The fighting left 44 commandos dead—the biggest single-day combat loss by government forces in recent memory—and a familiar question: Is Marwan dead or alive?

Commanders and a confidential police intelligence report say Mar-

wan was killed, something they ex-pect to be validated by DNA tests. A purported picture of the slain mili-tant circulating in the local media closely resembled Marwan’s profile in wanted posters. But many re-mained skeptical.

In 2012 the Philippine military announced that Marwan and a Sin-gaporean militant, known as Mau-wiyah, were killed, along with a Filipino Abu Sayyaf extremist com-mander, in a US-backed air strike on southern Jolo island. The operation employed American-supplied smart bombs for the first time.

Filipino police intelligence of-ficials, however, believed Marwan and Mauwiyah survived, and con-tinued hunting them. They have since launched at least two major secret attempts to capture Marwan in southern Philippines, where, ac-cording to US authorities, he has been hiding since 2003.

A US-educated engineer, be-lieved to have been born in Malay-sia’s Muar town in Johor province in 1966, Marwan is among the last few known surviving militants of his generation of al-Qaeda-inspired extremists who survived the anti-terror crackdowns in Asia following the September 11, 2001, attacks in the US.

Known as a master bomb-maker, Marwan also was very skilled in evad-ing capture. He had more than two dozen aliases and spoke the languag-es of Malaysia and the Philippines, along with English and Arabic.

Marwan used to head a terror-

ist group called the Kumpulun Mujahidin Malaysia, and also was a senior member of the Indonesia-based Jema’ah Islamiyah (JI) ter-rorist network, according to the US State Department, which of-fered a $5-million bounty for his capture and prosecution.

The JI was blamed for the 2002 nightclub bombings that killed 202 people in Bali, Indonesia.

It was in the southern Philip-pines, though, where he stayed longest, tak ing cover among

Muslim separatists fighting a decades-long rebellion. He had three Filipino wives, who helped him assimilate and blend in. He struck alliances with Muslim in-surgents from virtually all groups and provided bomb-making and religious training in exchange for sanctuary, according to govern-ment terrorism reports.

He allegedly helped plot numer-ous bombings and other attacks.

But after surviving the 2012 air strike, Marwan proved to be a li-

ability for the Abu Sayyaf, one of four rebel groups operating in the South. He was reportedly expelled from Jolo island by an Abu Sayyaf commander, Radulan Sahiron, who believed that the Malaysian was a magnet for military attack, according to a government interrogation report of a captured militant commander, Khair Mundos.

From Jolo, Marwan traveled to the marshy heartland on the main southern island of Mindanao and strengthened his alliance with a notorious local bomb-maker, Abdul Basit Usman. The police said that Usman and Marwan were together during Sunday’s assault, but Us-man escaped.

“There are reports that they run factories of improvised explosive devices, which they sell to fellow ter-rorists,” President Aquino said this week. “They have injured and killed many people, and they continue to threaten the safety of our citizens as long as they roam free.”

Police commandos nearly caught him in July 2012, in a remote farm-ing village off Butig town, near a key camp of the Moro Islamic Libera-tion Front, the largest rebel group that signed a peace deal with the government last year. The group has agreed to a cease-fire that re-quires government forces to notify the insurgents in advance of any planned anti-terror raids to avoid accidental clashes.

The commandos missed Marwan that time, but they did seize a huge cache of explosives, electronic bomb

parts, assault firearms, ammuni-tion, Islamic extremist books and two laptop computers, according to a confidential police report.

The laptops contained old US Army manuals on counterintelli-gence, combat, explosives and sur-vival techniques.

Washington has increasingly grown worried about Marwan. US security officials were concerned when Marwan’s character was de-picted in a 2012 video war game, in which he narrowly escapes US forces in southern Philippines, but later dies in a suicide attack on a train.

They feared that the video may raise Marwan’s stature among foreign jihadis and help him raise terror funds, a Philippine secu-rity official told the Associated Press on condition of anonymity, because he was not authorized to talk to reporters.

Even before the latest raid, the commandos tried, but failed, to cap-ture him near the corn-growing com-munity last year. Military officials have long suspected that Marwan eluded arrest by taking cover near rebel strongholds.

On Sunday night the police com-mandos did not notify the Moro reb-els of the raid, officials said.

Was it worth sacrificing 44 elite police troopers to get an interna-tional terrorist, Talino, the police commander, posed a question at the eulogy.

“We live by our motto: ‘We save,’” he said, holding back tears. “I’m sure if you will ask them, it is worth it.”

IN this February 2, 2012, file photo, then-Armed Forces of the Philippines spokesman Col. Marcelo Burgos shows a picture of Malaysian Zulkifli bin Hir, also known as Abu Marwan which during a news conference in Quezon City. Southeast Asia’s top terrorist suspect has evaded capture and survived several military assaults in southern Philippines, where the police now await DNA results to confirm if he is the man killed in the January 25 raid, also left 44 police commandos dead. AP

Is he dead? Philippines awaits answer of costly terror raid

In a 10-page ruling penned by As-sociate Justice Carmelita Salandan-an Manahan, the CA’s 10th Division, held that the continued detention of Senior Inspector Allan Emlano at the Philippine National Police-Regional Holding and Accounting Unit in Camp Bagong Diwa in Bicu-tan, Taguig, is legal.

Emlano sought the issuance

of a writ of habeas corpus after he received a copy of the decision dated September 24, 2014, which dismissed him from the police ser-vice for serious neglect of duty af-ter going on absence without leave from November 26, 2012 to Janu-ary 18, 2013.

The administrative case is dif-ferent from another administrative

CA upholds detention of police exec in 2014 Edsa kidnap-robbery incident

By Joel R. San Juan

THE Court of Appeals (CA) has denied the petition for the issuance of a writ of habeas

corpus filed by a Caloocan police official implicated in last year’s brazen kidnapping-robbery incident along Edsa.

case that was filed against him on September 22 for grave misconduct for violation of Article 306 (brigand-age) and Article 267 (kidnapping and serious illegal detention) under the Revised Penal Code.

Emlano argued that he is no lon-ger a police officer by virtue of the September 24 decision dismissing him from the service and, thus, the Philippine National Police (PNP) restrictive custody over him is al-ready without basis.

Emlano’s camp insisted that no warrant of arrest or commitment order has been issued by any court against him, thereby allowing the PNP to place him under restrictive custody for his alleged involvement in the Edsa kidnapping-with-rob-bery incident.

However, the court noted that the September 24, 2014, decision impos-ing the penalty of dismissal from the service against him is not yet final and executory as his motion for re-

consideration is still pending before the National Police Commission.

It added that the order of restric-tive custody should remain in effect, despite Emlano’s separation from service either through dismissal as penalty in another administrative case or by resignation.

“Restrictive custody is a nominal restraint beyond the ambit of habeas corpus. It is neither actual nor effec-tive restraint that would call for the grant of the remedy called for. It is a permissible precautionary measure to assure the PNP authorities that the police officers concerned are always accounted for,” the CA ruled.

Last year a photo uploaded on a social-media web site showed several armed men surrounding an SUV along Edsa prompted authorities to investigate and discover at least 10 policemen were involved. The probe later also revealed two men were il-legally detained and robbed of P2 million in cash.

By Butch Fernandez & Rene Acosta

AS the inquiry into the killing of 44 members of the Philippine National Police-Special Action Force (PNP-

SAF) is moving swiftly, Malacañang on Sunday debunked reports a Palace adviser prevailed on President Aquino to abort sending timely reinforcements to the besieged SAF commandos.

Communications Secretary Herminio B. Coloma Jr., speaking over a government radio station, ruled out the information as “speculation without basis.”

Coloma was referring to earlier reports that Presidential Peace Adviser Teresita Deles dissuaded Mr. Aquino from exercising his option as Commander in Chief from ordering immediate military and police reinforcements to the beleaguered SAF commandos on a mission to arrest high-value terrorist targets hiding out in a known MILF territory. The information said sending reinforcements could have had an adverse effect on the ongoing peace negotiations and breach a cease-fire agreement with the Moro Islamic Liberation Front (MILF).

President Aquino earlier admitted having direct knowledge of the operation carried out on January 25, but which was reportedly

planned during the time of suspended PNP chief Director General Alan LM Purisima.

Meanwhile, SAF commander Chief Supt. Noli Talino said a Board of Inquiry has already asked officers and other SAF personnel who have a hand in the operation in Mamasapano, Maguindanao, and its tragic results.

Talino said even the 12 commandos who survived from the ambush have also already given their statements to the board. The board, according to him, would also determine the liability of the MILF and the BIFF over the carnage other than looking into the issues of coordination and possible lapses that resulted in the biggest casualty in the history of the SAF.

Headed by PNP Officer in Charge Deputy Director General Leonardo Espina, the board also has Director Benjamin Magalong, chief of the PNP-Criminal Investigation and Detection Group, as a member.

Earlier, Espina claimed they were not informed of the operation that was carried out by the SAF against Jema’ah Islamiyah leader Zulkifli bin Hir alias Abu Marwan, who reportedly died during the operation.

Espina said he was only informed by Director Getulio Napenas, the relieved commander of the SAF, while the operating police forces were already fighting with members of the MILF and the breakaway BIFF.

Palace denies Aquino capitulated as probe on SAF deaths hastened

Page 4: BusinessMirror January 2, 2015

By Lorenz S. Marasigan

LISTED mobile-services operator Globe Telecom Inc. said its drive to bust the use of illegal repeat-

ers, or signal boosters, has been gain-ing ground after the company resolved eight such cases recently. These illegal repeaters were found and confiscated in Marulas, Valen-zuela City, Caloocan City, Quezon City, Tuguegarao City, Davao City and two sites in Makati City. Following the discovery of the illegal equipment, Globe agents initiated separate discussions with building administrators and or own-ers concerned and they were able to secure their commitment to disman-tle the illegal repeaters. “The repeaters, or signal boost-ers, without any permit from the National Telecommunications Com-mission [NTC], is illegal as such equipment hampers the flow of com-munication among our customers. Globe will continue to intensify its drive against the use of illegal re-peaters or signal boosters and report the same to the NTC,” Globe General Counsel Froilan C. Castelo said. The use of illegal repeaters ham-per seamless connectivity, prompt-ing Globe to launch a campaign to rid the network of signal interfer-ence and provide wonderful cus-tomer experience. The use signal of booster without any NTC license, Castelo said, causes network interference that result in mobile-phone subscribers to experi-ence dropped calls, garbled lines and weak signal. He emphasized the company’s cam-paign against signal interference is in support of the Globe’s recent network modernization program intended to provide a robust and reliable network for voice, text and data services. In recent years, numerous inci-dence of interference had been noted particularly in the metropolitan Manila area. Illegal repeaters come in the form of indoor or outdoor antennas and wireless adapters which boost net-work coverage and signal by hog-ging bandwidth from a legitimate network infrastructure. In 2013 the proliferation of sig-nal interference prompted the NTC to issue a memo, prohibiting the sale, purchase, importation, pos-session or use of signal boosters operating on the 800 megahertz, 900 MHz, 1800 MHz and 2100 MHz frequency bands without the approval of the regulatory agency. Violation could entail penalties and even imprisonment.

BusinessMirror [email protected] A4

Economy

By Jovee Marie N. dela Cruz

AMEASurE seeking the implementation of a moratorium on payment of utility bills for victims of natural disasters to help them recover from their losses has been filed at

the House of representatives. In House Bill (HB) 5318, Liberal Party rep.  Eric L. Olivarez of Parañaque City said every Filipino family becomes vulnerable to countless problems brought about by strong typhoons and/or other natural disasters. under HB 5318, persons affected by typhoons and other natural disasters in areas declared to be in a state of calamity will be granted a grace period of 60 days to pay utility bills that have fallen due during the time the area has been hit by a natural disaster or declared to be in a state of calamity. As defined under the measure, natural disasters shall include typhoons, floods, earthquakes, tsunamis and their analogous events. The bill mandates the Department of Energy, National Tele-communications Commission and the Department of the Interior and Local Government in coordination with the concerned local government units to issue and promulgate the Implementing rules and regulations to carry out the provisions of this Act. According to Olivarez, it takes a considerable number of months before the whole affected community could regain an ounce of strength to start recovering. “In 2013 [Supertyphoon] Yolanda left hundreds of our fellow Filipinos homeless and thousands of them dead,” the lawmaker noted. He said in a state of calamity, it is therefore understandable for those affected people to prioritize obligations and responsi-bilities one by one. “The affected area by such disaster is declared to be in a state of calamity by the proper authorities. utility bills covered under this Act include water, electricity, telephone, In-ternet, cable and other similar bills,” Olivarez said. Olivarez added that through the approval of the measure, the victims of typhoons and other fortuitous events would be able to focus on securing their basic and primary needs first before anything else. “They will not have to worry about the due bills which they have to pay and so they can make use of their money, or what’s remaining thereof wisely,” Olivarez said.  Olivarez said during these moments, it is hard enough for the head of the family, or a person living alone, to recover from their losses. “It is the obligation of the State to help every one affected by such calamities and to lessen their burdens as much as possible,” he said.

OFWs BUCK TERMINAL FEE The Coalition No to 550, composed of Church and civil-society groups, voice their opposition to the Manila International Airport Authority (Miaa) memorandum circular notifying all travel and airline establishments on the implementation of the International Passenger Charge, or terminal-fee integration on Sunday. The groups said the memorandum is a deliberate act to violate the grant of exemption to overseas Filipino workers from paying terminal fees as mandated by the Migrant Workers Act of 1995. Photo shows key personalities that expressed their opposition to the Miaa order, including Susan Ople (fifth from right) of the Blas Ople Training Center. ROY DOMINGO

ALEADEr of the House of repre-sentatives on Sunday said Filipi-nos remain the most active job

seekers in America, as a total of 4,580 Philippine-educated nurses took the uS National Licensure Examination (NCLEX) for the first time in 2014. House Assistant Majority Leader and Cebu rep. Gerald Anthony Gullas Jr. said the number of nurses who hope to obtain gainful employment in America is higher compared to the 4,034 Filipino nurses who took the NCLEX for the first time in 2013. The number of Filipino nurses tak-ing the NCLEX for the first time is con-sidered a reliable indicator as to how many of them are trying to enter the

profession in America, he said. “The number is up 13.5 percent when compared to the 4,034 Filipino nurses who took the NCLEX for the first time, excluding repeaters, in 2013,” said Gullas, vice chairman of the House committee on higher and technical education. The NCLEX refers to the National Council Licensure Examination admin-istered by the uS (National Council of) State Boards of Nursing Inc. “A growing number of Filipino nurs-ing graduates are taking the NCLEX so they can add having passed the exam to their credentials when they apply for jobs elsewhere, not necessarily because they expect to get hired by uS hospitals anytime soon,” Gullas said.

Besides the Filipino nurses, the law-maker said 915 Indians, 652 Canadians, 595 Puerto ricans and 424 South Ko-reans also took the NCLEX for the first time in 2014. Since 1995, a total of 157,368 Fili-pino nurses have taken the NCLEX for the first time. At the height of the nursing boom in 2007, a record-high 21,499 Filipino nurses that took the NCLEX for the first time, Gullas said. Meanwhile, Gullas urged Filipino nurses searching for greener pasture overseas to instead apply for jobs in the united Kingdom and the Middle East, where there is still ample demand for their skills. Jovee Marie N. dela Cruz

THE Philippines is set to receive $3 million from the united Nations (uN) through the

uN Peacebuilding Fund to support the Mindanao peace process.  uN Philippines resident Coordi-nator Terence Jones said the assis-tance will be extended over a period of 18 months.  Jones added that there will be additional funds in the next few months but will still be subject to a formal approval from the uN Head-quarters in New York.  “The united Nations, through the uN Peace Building Fund, will be re-leasing resources to support various aspects of the p eace process and looks forward to further progress through the combined efforts of all involved parties,” the uN said. The uN team in the Philippines joins in mourning those who lost their lives in the tragic incident on Janu-

ary 25 in Mamasapano in Mindanao, and expresses its condolences to the affected families.  The uN welcomed the conduct of investigations by the government and the Moro Islamic Liberation Front (MILF) into the in-cident, as well as the commitments expressed by President Aquino, MILF Chairman Ebrahim Murad and other concerned parties, in regard to sus-taining focus on the peace process.  “We welcome also the [recent] re-affirmation by the peace negotiating panels to ‘strengthen their coopera-tion and coordination in addressing security concerns in the most effec-tive and appropriate manner, and also in rebuilding trust and public confidence in the peace process,’” the uN said.  The uN Peacebuilding Fund was established in 2006 as the uN Sec-retary-General’s Fund. The united Nations Development Programme’s

Multi Partner Trust Fund Office ad-ministers the fund. The fund has extended support to mostly African countries, like Burundi, Central African republic, Chad, Comoros, Congo, Somalia and Sierra Leone. However, it has also extended funds to Asian countries, like Nepal, Kyrgyzstan, Sri Lanka and Timor-Leste. The uN peace-building fund extends support for activities designed to respond to im-minent threats to the peace process and the implementation of peace agreements or Priority 1 areas, as well as undertakings, to build or strengthen national capacities to promote peace, or Priority 2.  The fund also supports activities that seek to revitalize the economy, or Priority 3, as well as to establish, or reestablish essential administrative services, among others, or Priority 4. Cai U. Ordinario

Neda Deputy Director General Emmanuel F. Esguerra, who serves as the convener of the Apec Group on Services (GOS), said this will boost the country’s own services sector and contribute to the govern-ment’s goal of attaining inclusive

economic growth. “Services is the largest economic sector and is a major employer in most Apec economies, including the Philippines,” Esguerra said. “This is a manifestation of how big our services sector is. Yet, there

Monday, February 2, 2015 • Editors: Vittorio V. Vitug and Max V. de Leon

PHL wants greater Apec integration in servicesBy Cai U. Ordinario

The Philippines is pushing for greater integration in the services sector among Asia-

Pacific economic Cooperation (Apec) economies, according to the National economic and Development Authority (Neda).

are still underlying potentials that must be tapped and developed. The Apec fora provide good venues to pursue these,” he added. For the First Senior Officials’ Meeting (SOM1) of the GOS, the Philippines, along with other Apec member-economies, aims to en-hance current initiatives by build-ing on last year’s developments and focusing on the integration of small and medium enterprises (SMEs) into the services global value chains (GVCs). Many services are being under-taken in the production and sale of a product, whether it is a good or a service. Other sectors, such as manu-facturing, have a number of services embedded in their processes. These include design, quality con-trol, inventory systems, transport, logistics, wholesale/retail, market-

ing/advertising, repair/mainte-nance, installation/construction and finance after-sales services. Firms in the services sector, them-selves, also outsource or move their noncore services functions offshore to their affiliates, as they seek to move up the value chain. The serv-ices then become value added to the final product. “This ‘tasking’ in the produc-tion process of firms, or in the GVCs, are where opportunities for SMEs in the services industry reside,” Esguerra said. “These are only among the rea-sons the government is keen on enhancing regional cooperation and engaging in partnerships in services. In our pursuit of inclusive growth, services open numerous op-portunities for employment genera-tion and poverty reduction—goals

that we have set in the updated Philippine Development Plan 2011-2016,” he added. Neda data showed that in 2014, services grew by 6 percent and gener-ated 599,000 jobs, the highest among the country’s major sectors. Esguerra said the country’s serv-ices sector accounted for 56.7 per-cent of its gross domestic product and 53.6 percent of total employ-ment in 2014. For the Apec region, total serv-ices exports account for 20.27 percent. However, when viewed through a value-added lens, serv-ices share to total exports increases to 39.08 percent. The Neda is also host to four other related meetings of the Apec SOM1 from January 31 to Feb-ruary 7, in Clark Freeport Zone, Pampanga.

UN helping fund Mindanao peace process

60-day moratorium on payment of bills in disaster areas pushed

Globe gains ground in campaign vs repeaters

Filipino nurses remain most active job seekers in US

THE NEW ALPHARD Toyota executives (from left) Yohei Murase, executive vice president for Marketing; Dr. David Go, senior executive vice president; Alfred Ty, vice chairman; Michinobu Sugata, president; Jose Ariel Arias, senior vice president for Marketing; and Raymond Rodriguez, first vice president for Marketing, present to the media the new Toyota Alphard, developed to incorporate the idea of a roomy and luxurious saloon space with a new and unprecedented sense of refinement. NONIE REYES

Page 5: BusinessMirror January 2, 2015

[email protected] Monday, February 2, 2015 A5BusinessMirrorEconomy

In an interview with the Busi-nessMirror, Civil Aeronautics Board (CAB) Executive Director Carmelo L. Arcilla said the country’s gateways would find it hard to meet the increase in demand for air travel, given their current state. “Our passengers are price-sen-sitive, hence there will be competi-tion and more passengers looking for flights. But the infrastructure is not yet there. We have a deficiency on that area,” he said. “There is a network system that involves flows or passengers and the grid which is the infrastructure. They have to go together. The prob-lem with the grid, will affect the flow,” Arcilla said. The Ninoy Aquino Internation-al Airport’s (Naia) four terminals and runways are already operat-ing beyond their capacity, causing numerous cancellations or delays in flight operations—whether do-

mestic or international. The Japan International Coop-eration Agency (Jica) even predicted that this year would mark the start of the main gateway’s dark days. The airport is expected to handle some 37.78 million passengers by year-end, way beyond its 30-million-annual-passenger capacity and a few notches up from its maximum capac-ity of 35 million passengers per year. Thankfully, he said, the govern-ment is coming up with near-term solutions to address the problem. “The government is doing its best to address this problem. Some examples are the plan to build a new airport in Manila and Clark; and the Communications, Navigation, Sur-veillance/Air Traffic Management, or the CNS/ATM, the traffic system that would improve the capacity of our runways,” Arcilla explained. Transportation Secretary Joseph Emilio A. Abaya earlier said his of-

‘Aviation industry can’t take advantage of cheaper oil’By Lorenz S. Marasigan

The expected growth in air travel this year, driven by the continuous drop in jet-fuel prices, will be

stunted by the insufficient capacity of the key gateways around the country, a senior air-services regulator said.

The Philippine economic Zone Authority (Peza) is back-ing changes to the cabotage law, saying the opening up of domestic routes to foreign vessels will jump-

start the development of other ports and provide relief to the bottlenecks in Manila’s ports. “There’s a need for that. I am for the amendment of the cabotage law, because there are so many ports now. Because of the port congestion in Manila, opening up other ports will really ease the situation here. It could be an opportunity for us,” Peza Director General Lilia B. de Lima told reporters at the sidelines of the Asian Institute of Management’s Asean Leaderspeak Forum. Aside from lowering transportation costs, Peza’s head of Promotion and Public Relations elmer San Pascual added that changes in the cabotage law will boost the ease of do-ing business in the country. he said reviewing principles of the country’s cabotage law will offer a long-term solution to the port-congestion dilemma in Manila’s ports, which, in 2014, led to the sky-rocketing of costs of Peza locators. In the Philippines cabotage—or the right of vessels to carry cargo or passengers within a country, via sea or air—in the maritime-transport sector, is limited to national flag ves-sels. The said principle is enshrined in the Tariff and Customs Code of the Philippines and strengthened by the Domestic Development Shipping Act, and serves to protect the domestic shipping industry. The laws provide that any foreign vessel coming from abroad and making calls to an international port, such as Subic or Manila, must transfer the cargo to local ships if the cargo’s final destination is in the Visayas or Mindanao, instead of going directly to the destination. President Aquino has included the amendments to the cabotage law in his priority measures to increase competition in the shipping industry,leading to lowering of transportation costs. Catherine N. Pillas

Allow foreign vessels to ply local routes–Peza

fice is planning to build a new Naia terminal somewhere on C-5 Road, which is the fifth beltway in Manila. The government is also plan-ning to construct a low-cost car-rier terminal in Clark Interna-tional Airport. “But the ultimate solution is the new airport,” Arcilla said. The transport agency is now awaiting the completion of the feasibility study being conducted by Jica for the construction of an $11-billion airport in Sangley Point, Cavite. The consultancy firm has vowed to present in June the fi-nal study for the aviation hub, which will have to be approved by the various committees of the National Economic and Develop-ment Authority, such as the In-vestment Coordination Commit-tee, the Cabinet Committee and the Neda Board, which is chaired by President Aquino. Jica proposed that the new international gateway be con-structed in Cavite to meet the parameters set by the transpor-tation agency. The future airport will boast of four runways, which can handle 700,000 aircraft movements per year. It will have a rated capacity of 130 million passengers annually. The consultants noted that the deal can be bankrolled through

the government’s Public-Private Partnership Program, mixed with funding from official develop-ment assistance. The commercial operations of the new airport should start by 2025. Local airlines expect the lo-cal aviation industry to expand even further, as demand for air transport grows due to lower ticket prices. For flag carrier Philippine Airlines (PAL), passenger traffic would likely grow at the mid to high single-digit pace, propor-tionate to the country’s economic expansion. “With the declining prices of oil and airline-ticket prices, we expect passenger volume to grow by 5 percent to 7 percent this year,” PAL President Jamie J. Bautista said in an interview. The legacy carrier served roughly 12 million passengers in 2014. AirAsia Zest, meanwhile, ex-pects to increase its passenger volume by almost 70 percent this year, as the airline was able to fur-ther reduce its fares due to lower fuel prices. “We expect to carry 4 million to 5 million this year, from last year’s 3.12 million passengers,” AirAsia Zest President Joy D. Ca-ñeba said. “The steady decline in fuel prices is giving us a breather

in terms of operating expenses. Fuel takes the a large percentage of our expenses.” In December last year the Phil-ippines’s airline regulator struck out the authority of carriers to impose surcharges in fuel due to the declining gasoline prices. A fuel surcharge is a temporary relief granted to airlines to help them recover losses incurred from higher jet-fuel prices. It ranges from P500 to as high as P15,000, depending on the destination. Fuel accounts for as much as 60 percent of an airline’s oper-ating cost per passenger, and is the second-highest expense next to labor. Since December, fuel prices have been dropping as the Orga-nization of the Petroleum Export-ing Countries decided to maintain current production levels despite a glut in the market with an esti-mated oversupply of 1.5 million to 2 million barrels daily. Following a period of relative stability of above $100 per bar-rel, oil prices have plunged since mid-2014, falling by more than $40 per barrel to five-year lows. Data from the International Air Transport Association showed jet-fuel cost was at $64.9 per bar-rel as of January 23, down by 13.4 percent from the preceding month and 47.8 percent less than the year-ago price.

Page 6: BusinessMirror January 2, 2015

Monday, February 2, 2015 • Editor: Gerard RamosA6

Tourism& Entertainment1

SEVEN DESTINATIONS YOU MUST SEE IN 20151BUDAPEST. Tying for second

place as one of the world’s best destination cities in last

year’s Conde Nast Traveler Reader’s Choice Awards, Hungary’s capital city of Budapest is already clearly beloved by many. With an out-standing collection of baroque, neoclassical and secessionist archi-tecture, picture-perfect sightsee-ing spots and sophisticated food and wine menus, it’s easy to see why. And, as luck would have it, last year, UK’s Telegraph listed it as its top Cheapest European City Break. So, even though Brits have the heavy weight of the pound in their travel pockets, tourists from all over can take advantage of the cities falling prices—making it a must-see on our 2015 list. For a real treat, stay at the five-pearl Boscolo Budapest, Autograph Col-lection, where you can get a glam-orous taste of old-world Hungary.

B K A B | Oyster.com

LAST year was great for traveling. But we’ve already got a sharp sense of where we want to be

in 2015. From shiny skyscrapers and ancient ruins to well-trodden paths and emerging favorites, to that perfect storm of culture, beauty and timing, these are the seven can’t-miss, must-see, Go now destinations for 2015. Pull out those passports and get to it—a year can slip by fast when you’re having fun.

TAIWAN

Page 7: BusinessMirror January 2, 2015

BusinessMirror [email protected] • Monday, February 2, 2015 A7

Tourism& Entertainment2

B M I E

CLARK FREEPORT—Widus Leisure Inc., proprietor of Widus Hotel and Casino, celebrates the 19th Philip-

pine Hot Air Balloon Festival (PHABF) with special promos and gastronomic o� ers exclusively slated for the “weekend of ev-erything that � ies”.

The widely anticipated aviation event, which annually draws huge crowds from families, group of friends to aviation fans, is making its return to Clark from February 12 to 15, guaranteeing this year to be big-ger and better than previous stagings.

Accessibly near the PIHABF site, Widus Hotel and Casino o� ers this year’s event attendees its signature luxury lifestyle ex-perience like no other with its exceptional PIHABF promos.

Widus, which was recently ranked on Trip Advisor as the top hotel choice in Clark, o� ers special room accommodation

packages starting at P10,000, inclusive of bu� et breakfast, complimentary PIHABT tickets, event site transfer, packed snacks, and more.

Moreover, love is also truly in the air as The World Famous Platters performs live at the Widus Convention Center on February 13 at 8 pm. Ticket prices start at P2,000 and are available at SM City Clark, Pampanga and Tarlac.

For a romantic Valentine’s Day experi-ence, delight at Salt, Widus’s all-day casual dining restaurant, with an indulgent bu� et dinner for only P888 net per person.

Widely known as Clark’s one-stop lei-sure destination, Widus Hotel and Casino truly provides the perfect weekend-get-away experience with its wide range of amenities, a� ordable promos and high-quality service.

For more information, call Widus at (6345) 499-1000 or (632) 847-1430, or visit http://www.widus.com.

SEVEN DESTINATIONS YOU MUST SEE IN 2015Tip: Head here during the winter for snowcapped storybook scenery, February’s locally sourced Mangal-ica food festival, an opulence of hot-tub soaking and less crowd-ed performances at the Budapest Opera House.

2GREECE. Greece is another Eu-ropean destination, where a growing tourism industry

has been sparked by its own unfor-tunate economic downfall. For the past six years, this country has been struggling to overcome a severe re-cession—and travelers have been all too happy to do their part in its re-covery by taking advantage of some of Europe’s most stunning views, ancient architecture and tasty cui-sine at bargain prices. Low prices and ridiculously beautiful volcanic island chains, tree-coated mountain ranges, unforgettable 360-views from the Acropolis (this year’s World Travel

Award winner for Europe’s Leading Tourist Attraction) and a plethora of ancient living history spots are served up with a friendly helping of hospitality and ouza, making Greece a must-visit in 2015 — even if you’ve already been there.

3OMAN. Surprised to see Oman on this list? You shouldn’t be. Oman has been working

hard to increase tourism numbers over the last few years—and it’s working! Last year tourism rose 15 percent and the country welcomed nearly 2.5 million tourists to their jaw-dropping beaches, four World Heritage Sites, numerous natu-ral attractions and historical hot spots. Lonely Planet says, “Oman is the obvious choice for those seek-ing out the modern face of Arabia, while wanting still to sense its an-cient soul.” So make some time in 2015 to soak up some truly Bedouin

vibes, marvel at the award-winning architecture of Muscat’s Grand Mosque, and, maybe, � nd time to race a camel or two in between whale watching and traipsing down the ancient Frankincense Trail.

4TAIPEI, TAIWAN. Taiwan’s capi-tal city Taipei has long been overlooked in favor of highly

popular Asian locales, like Japan, � ailand and Hong Kong. At only 300 years old, Taipei is one of Asia’s youngest cities, but don’t let that fool you. With in� uence from Chi-na, Japan and the West, this mod-ern melting pot is full of history, culture and some of the best food around. Foodies, be sure to hit up the Shilin Night Market for stall after stall of delicious local special-ties, including irresistibly slurpable noodles. If you are still hungry for more, check out Taipei’s museums and temples, snag some crazy de-

signer deals (for you and your pets) at Wufenpu and explore some beau-tiful scenery on day trips to natu-ral hot springs and mountainsides. � ere’s no rest for the wicked in Taipei, where at night cocktails are cheap, clubs are bumping and the skyscrapers shine.

5MYANMAR. Although Myan-mar is growing as a popular Asian destination, it remains

slightly o� the map for most people. However, with several high-end hotel chains planning (or already start-ing) to break ground in Myanmar over the next few years, this surreal, beautiful place is set to take o� . For now, the e� ects of globalization are minimal and visitors are still privy to traditional ways of life, genuinely friendly people, ornate pagodas and unspoiled scenery. In fact, one of the best angles to view the country is from above, in a hot-air balloon.

Even if you choose to stay on the ground, Myanmar has never been so accessible to foreigners, making 2015 a perfect time to visit.

6SOUTH AFRICA. It’s been a few years since South Africa’s makeover for the World Cup,

and this rainbow nation is still one of our favorite spots. It’s a fantas-tic budget destination (although � ights are pricey) � lled with out-standing scenery and wildlife en-counters, luxury shopping and craft markets, history, culture and cui-sine. � is diverse country (there are 11 o� cial languages!) o� ers tons of unforgettable experiences, like moonlit mountain hikes, ostrich rides, caving, wine-tasting, whale watching, cultural excursions and, of course, the chance to spot the Big Five on a sweet safari, or a colony of penguins on the beach. Plus, 2015 marks the 25th anniversary of Nel-

son Mandela’s release, and we can think of no greater way to honor the hero than visiting his homeland.

7NICARAGUA. Nicaragua has been popping up on all kinds of 2015 must-travel lists, and

we couldn’t agree more. With ris-ing prices in well-trodden areas, like Costa Rica and the Caribbe-an, tourists have been turning to the sparkling shores, clear waters and cheaper prices in Nicaragua, instead. � anks to the increased tourism due to the country’s � rst � ve-star resort opening in 2013, Nicaragua has been slowly washing away the stains of its war-torn past and is becoming a hot spot for lux-ury ecotourism, culinary surprise and adventure travel. Do you dare to go volcano sur� ng down the side of western Nicaragua’s Cerro Negro, an active volcano? � ere’s only one way to � nd out.

BUDAPEST

MYANMAROMAN

GREECE

Celebrate a weekend of fun-flying, love and excitement at Widus

Page 8: BusinessMirror January 2, 2015

[email protected], February 2, 2015 • Editor: Efleda P. Campos

US programs help boomers work their way back

Break free from gout this 2015

A8

But Cesar Felixia, 60, who freely walks within the confines of this im-mense place, wishes nothing more than the liberty to move out and live some-where else.

Cesar is one of the over 3,000 inmates serving their term for various offenses in Iwahig. He has been here for 11 years now, taken to this penitentiary at the age of 49, after serving two of his 17 years in Bilibid Prison.

Cesar took the life of the person with whom his brother-in-law had a fight. It was in Quezon City, about 13 years ago.

His family did not make any attempt to connect with him in recent years, or even ask about him.

As every inmate does, Cesar raises his hand over his eyebrow to salute to everyone who visits the penal colony.

A deep sadness filters through his eyes that hide the sorrow when he speaks, and perhaps the regret of being isolated in this penitentiary for his crime.

Cesar left six children when he

went to serve his sentence. He re-called six grandchildren when he was in Bilibid Prison.

Eleven years without hearing any-thing about his family, he does not even know whether his wife lives with another man at present.

“I do not ask for anything else, but my liberty,” Cesar said in Filipino. “Life is so tough here.”

The tired look in his eyes spoke of a l ife that painful ly crawled through the years of hard labor in the penitentiary.

The inmates are treated well by the administrators of the penal colony, but nothing in this world can compensate for one’s loss of liberty.

Cesar is sorry. He had regretted his mistake a long time ago.

“If I would have another life, free and clean again, I would avoid any situation that would confine me in this place,” he said.

With the loneliness and the pain-ful detachment from the free world,

Iwahig inmate wishes for life outside of prison

Social pension eases life agonies of elderly in distress

LIBERTY is alien to the people living in this place. The 26,000-hectare Iwahig Prison and Penal Farm in

Puerto Princesa, Palawan, covers a vast virgin rain forest, fertile rice fields and plots, wild parks and beautiful ponds. Life here is remote from the clutters of the restless cities—one’s perfect retirement place.

ElderlyBusinessMirror

The

By Oliver Samson | Correspondent

some of his inmates have found com-pany and comfort in Jesus Christ, he said.

“Since they brought me here in 2004, I have neither set foot nor seen free soci-ety,” Cesar said. “Not even once.”

Though the penal colony is immense, the inmates move in a closed circle end-lessly each day, he said.

Unshackled in the minimum-secu-rity compound, the inmates enjoy the liberty of climbing the mountain, which is part of Iwahig, to cut bamboo trees, which provide them with several uses, such as poles upon which they fly flags in different colors, for one.

But they cannot cross the borders that confine them within the sprawling penal colony, he said.

Some inmates whose health condi-tions had required them to be hospital-ized outside the penitentiary had seen the outside world, but they could not

savor being reintegrated in free society because they were sick.

“The administrators do care about our health,” he said.

As part of the wellness program, inmates play basketball and billiards, Cesar said. They also play board games, like chess and scrabble.

And despite the isolation and re-straint, inmates prefer Iwahig over na-tional correction facilities, like the New Bilibid Prison in Muntinlupa, where cells are hot and riots may break out at any time, he said.

“We are one group here, unlike in Bilibid, where fights arise among gangs,” he said.

Cesar, who is thin, dark and los-ing his hair, has served most of his term. Seventeen years to pay the life he took.

Soon, he hopes to be free. Just a few more years to regain his freedom.

SPOKANE, Washington—Baby boomer Mike Ball couldn’t find a job when he moved to Spokane,

even though he had many skills and a strong résumé: college degree, US Air Force veteran, 16 years in the insurance industry working with asbestos litigation and two decades as a professional pilot. Too old. Not the right skills. Out of the work force too long. All rejections commonly heard as he applied for more than 175 jobs in a year, while the re-cently divorced Ball maxed out credit cards to pay the mortgage and feed his two teenagers. Connecting with the Senior Com-munity Service Employment Program saved him and helped him land secure, long-term employment so he can rebuild his life at age 61. “You can land an airplane on the moon, but if that doesn’t generate any profit [for the company] that talent doesn’t go that far,” said Ball, who now works for Aging and Long Term Care of Eastern Wash-ington, the same agency that runs the senior employment program. Today Ball helps people figure out Medicare and health-care plans through another program run by the regional ag-ing program. His supervisors commend Ball for his ability to work with the mil-lionaire as well as the homeless. Ball said his personal hard times help him understand and empathize with his clients who are often frus-trated and upset. Currently, the senior jobs program has 12 people age 55 or older working 20 hours a week for local nonprofits and government agencies, including local food banks and senior centers. About 21 people are on a waiting list for job placement. The workers are paid minimum wage and have the opportunity to learn job skills; this including taking computer

classes through the Community Col-leges of Spokane Act 2 program. The goal is to help seniors ease back into the work force and reconnect with the community. Ultimately, the idea is to help seniors find a nonsubsidized job or volunteer work, depending on their financial needs. The work program also helps area nonprofits expand their programs or help more people, said Jamie McIntyre, who oversees the work program and ini-tially hired Ball to work as her assistant screening senior job applicants. “He just has a wonderful way with people,” McIntyre said about Ball, adding that when a job opened up in the aging and long-term care agency’s Statewide Health Insurance Benefits Advisors pro-gram, he was a natural fit. Ball isn’t the only graduate from the senior worker program who has been hired by Aging and Long Term Care of Eastern Washington. The agency’s main janitor, an immigrant who was just learning English when he applied for the program, now works full time cleaning the building on North Post Street. McIntyre said in this economy and with the skyrocketing number of ag-ing adults, it’s important to have pro-grams to help seniors find work so they can live independently. Besides helping with work skills and resume building, the program can also provide new eyeglass prescriptions and even work shoes or transportation costs, important details people often over-look when trying to find work. The senior work program is funded by the federal Older Americans Act, which is the main funding source for many of the aging and long-term care agency’s services aimed at helping people 60 and older and those with disabilities living in Spokane and

DARAGA, Albay—A shabby house, which is almost empty of furnishings except for a folding plastic bed where 85-year-old Quintin Alegre is confined with his

81-year-old wife Edith sitting by his side, presents a gloomy scene of old-age poverty. He has been bedridden for almost a year, after sustaining a crippling sprain from a stair fall with no one left to pay close at-tention but her. The old couple has seven children also languishing in poverty with their own families. Only their youngest son, a tricycle driver, would occasionally come to deliver a handful of basic goodies and a small amount of money, hardly enough for their food. “Living has been very difficult for the two of us at our age and situation, as we wait for the final day that our lives will be taken back by God. Our hope to die at least a happy death has been fading away until one day, in the middle of last year, when some government people came doing a survey,” Editha said in the local dialect, when reached by the Philippines News Agency. The couple lives in a faraway communist insurgency-infest-ed rural barangay here and their house can only be reached by foot after one hour over a muddy path passing through a rolling terrain. The “government people” she was referring to were enumera-tors fielded by the Department of Social Welfare and Development (DSWD) to reach out to the poor in the 3,471 barangays within 107 municipalities and seven cities of Bicol’s six provinces. Their tasks were to find the 10,643 senior citizens listed as beneficiaries of the government’s Social Pension for Indigent Senior Citizens program and validate their life status and so-cial condition.

The program falls under the poverty-alleviation thrust of the administration of President Aquino being carried out by the DSWD.

“We located these beneficiaries to determine through first-hand information their status. Our field workers, especially hired for this job, were sent out to interview them right where they reside, wherever it is, and notwithstanding the distance and terrain,” Legazpi City-based DSWD Regional Director Arnel Garcia said.

This special validation process involved 300 enumerators hired by the DSWD and fielded in all barangays—up to the farthest—of the region where the beneficiaries reside.

Some areas took one whole day for validation teams to reach and another day to conduct the interview on target beneficiaries who were scattered in barangays and have to be reached by way of trekking rolling hills and muddy paths, Garcia said.

The purpose of this special validation was to verify the pov-erty status of the pensioners who were not registered in the DSWD’s Listahanan database of poor households and, when verified according to the requirements of the social pension program, they continue receiving their monthly pensions.

The Alegre couple has been a beneficiary of the program since 2011, but their pension was put on hold as of January 2014, after it was found out they were among the 10,643 social pensioners in Bicol who were discovered to be not included in the database.

The 2011 Listahanan listed 775,014 households in Bicol and 59.5 percent, or 461,242, of them were identified as poor. PNA

surrounding counties. In 2014 the senior work program re-ceived $156,000, while the agency as a whole received $2.3 million. The agency is hopeful Congress will reauthorize the Older Americans Act that has been fully funded since 2011. Without the additional federal cash, agency director Lynn Kimball said pro-

grams such as providing food to the elderly and disabled are in jeopardy. So far the agency has avoided waiting lines for food programs—a problem that has plagued other areas of the country—through private fundraising efforts by groups such as the Greater Spokane County Meals on Wheels. Tribune Content Agency Llc.

I T’S the start of another year. Your 2015 social calendar will naturally be filled with birthdays, anniversaries and other occasions that call for celebration. Soon, you’ll get invitations to another round of parties and get-togethers with lots of

foods and drinks to indulge in. But before you take part in all these, remember to watch what you eat. Certain foods and beverages can trigger a gout attack. Suf-fering from excruciating pain and swollen joints caused by gout won’t make for a happy new year. Ronnie Litiatco knows all too well the misery one experiences when gout at-tacks. He used to suffer from severe attacks for a week each month for as long as he can remember and had to be on pain relievers with severe side effects on the liver. He would be unable to attend business meetings for several days a month. If you are prone to gout, it would be best to watch your diet, eat in modera-tion, drink plenty of water, and manage your gout with natural nutrients, such as those contained in Goutritis that safely reduce the pain and inflammation as-sociated with gout. Three capsules of Goutritis taken daily before breakfast can help ward off pain-ful attacks associated with gout because its main ingredient, tart cherries, contains a lot of healthy substances that combine to ease this painful affliction. Because it’s all-natural, Goutritis has no side effects commonly associated with prescription drugs, such as drug-induced liver disease. It is available at Mercury Drug stores nationwide in blister packs of 10 capsules (P100) and pharmacist packs containing 10 blister packs (P1,000). It also comes in jars of 90 capsules. Goutritis, is Food and Drugs Administration-approved and 100-percent organic. Litiatco has been taking Goutritis regularly, and says his gout attacks have become more manageable that these no longer interfere with his normal activities. Robert Liao has also discovered the benefits of Goutritis and has been recom-mending it to friends and relatives who suffer from gout and arthritis.

CESAR FElixiA, 60, at an old recreation building in iwahig Prison and Penal Farm in Puerto Princesa, Palawan. OLIVER SAMSON

ObliviOuS An elderly man reads a newspaper under the flyover of FVR Road in Marikina City on the morning of January 31. KEVIN DE LA CRUZ

Page 9: BusinessMirror January 2, 2015

[email protected] BusinessMirror Monday, February 2, 2015

The RegionsA9

Garbage along Pampanga town riverbank cleared up

  So said Mayor Nardo Velasco on Friday, as he led the clearing opera-tions and closure of the illegal dump sighted by Gov. Lilia Pineda ,when she made an inspection on the dredg-ing operations of the Department of Public Works and Highways (DPWH) on the Sasmuan River.  Recently, upon seeing the big vol-ume of garbage dumped in the Sas-muan riverbanks, Pineda expressed

dismay and immediately ordered Velasco and Arthur Punsalan pro-vincial government environment and natural resources officer to clean and close the illegal dump.  With this, the mayor immediate-ly instructed his municipal person-nel to lead the clearing operations of the illegal dump. He also notified the residents and barangay officials that the illegal

dump is already closed and no one is allowed to dump his or her waste, both from residential and commer-cial establishments.  Ask where to dump the gener-ated waste, the mayor said that ba-rangay officials will operate their own barangay material recovery facilities (MRFs), where they will do the proper segregation of bio-degradable from nonbiodegradable and, if possible, do the segregation at source—from their respective houses and establishments.  He said the residents had been forced to bring their waste at the said dump due to the closure of the MRF in Barangay Santa Lucia, as the road leading to the MRF is under construc-tion for more than six months. With regard to the clearing op-erations mandated by the Supreme Court, Velasco clarified that their

role is only to assist the DPWH in the demolition of illegal fishponds.  He said that on certain Eduardo Santos, fishpond owner, aired his willingness to demolish his fishpond situated beside the riverbanks.  The DPWH will start the de-molition of illegal structures on Tuesday to clear the waterways, and the municipal government is willing to assist the agency should they ask assistance.  The mayor said he also met with the informal settlers to reiterate the order of the Supreme Court and the assistance that would be given by the provincial government.  “Informal settlers are not natives of Sasmuan. They came from Bula-can, but they are now residents of the town, as they were here for so many years now. They are now speaking in Capampangan,” he said.

By Joel R. MapilesCorrespondent

CITY of San fernando—“There are no more illegal dumps in Sasmuan, and no

more garbage in riverbanks.”

COTABATO CITY—Lead-ers of the Autonomous Re-gion in Muslim Mindanao

(ARMM), as well as peace advo-cates, on Saturday said the Mind-anao peace process of the Aquino government must continue despite the Mamasapano massacre. Many believed that the bloody skirmish in Mamasapano, Magu-indanao, that claimed 44 police officers, 14 Moro rebels and four civilians dead should not hinder the attainment of peace in Min-danao.Government elite police units were to arrest Malaysian terrorist Zulfikli bin Hir, alias Marwan, and his Filipino aide Abdul Bassit Usman when the carnage erupted on Sunday.

Marwan was reportedly killed in the attack.

Muslimin Sema, chairman of the bigger faction of the Moro Na-tional Liberation, said abrogating

the talks will worsen the situation.“The peace process must con-

tinue,” Sema said, admitting that the Mamasapano incident was un-fortunate both for the government and the rebels.

“We have lessons learned from there. We must continue the pro-cess, because it remained to be the only way to attain peace. Ab-rogating the peace talks will only complicate further the already complicated situation,” Sema said.

The Philippine Center for Is-lam and Democracy (PCID), in a statement issued here, believed that the Mamasapano incident should not serve as a hindrance to pursue peace.

Salma Pir Rasul, PCID executive director, said, “The peace process cannot and should not be held hos-tage by the Mamasapano incident, tragic though it may be.”

Rasul also urged the public to

refrain from issuing statements that will only add confusion to an already complex situation.

“Incendiary statements are reckless and serve no purpose but to unnecessarily fan the flames in an extremely tense environ-ment,” Rasul said.

Annabelle Santiago, a local non-govermental organization leader working for peace in the grassroots in Maguindanao, said decisions by national leaders, including the military and the police, should not be in haste as this will worsen the situation.

“Cooler minds are what we need now,” Santiago said. “We should not be carried by our emo-tions. The Mamasapano incident was very unfortunate; it happened and cannot be undone.” His Emi-nence Orlando Cardinal Quevedo, a known peace advocate in Mind-anao, also called for sobriety and

calm. “I urge the faithful not to be carried away by their emotions which might compromise the peace talks,” he said in a brief statement.

Virgie de la Cruz, an educator in North Cotabato, believed talks must be suspended first until the Moro Islamic Liberation Front sur-renders those involved in the clash and all the terrorists and bombers the police suspected to be hiding in the rebel camps.

“In the meantime, suspend the talks until the MILF surrenders Basit Usman to erase doubts on the group’s sincerity in talking peace,” de la Cruz said, adding that she does not believe the MILF explanation that it did not know Marwan was there.

Gov. Mujiv Hataman of the ARMM, said the ARMM employ-ees are in favor of diplomatic resolution of the Mamasapano incident.PNA

A SIMULTANEOUS river cleanup in Sasmuan, Pampanga, was held on January 30, which was participated in was by students of Santo Tomas High School, municipal employees, barangay officials and volunteers. PHOTO COURTESY OF SASMUAN TOWN

Peace advocates, ARMM leadersback continuation of peace process CEBU CITY—Cebu City Mayor

Michael Rama has ordered an-other bidding for the construc-

tion of the new P1.5-billion Cebu City Medical Center (CCMC) on Natalio Bacalso Avenue, Cebu City.

Rama has earlier declared the first bidding for the project a “failure.”

A seed money of P300 million for the construction would be augmented with this year’s P300-million budget appropriation for CCMC; the P23-million financial assistance from the Department of Health; P5 million from Metro Pacific Tollways Corp.; the P17.2-million proceeds from the “Piso Mo, Hospital Ko” fund drive; and other pledges from private sectors.

“With that amount, we will have it rebid with utmost urgency,” Rama said. He said documentations for the rebid-ding are already under way, vowing “we will continue with our endeavor, which, is to rebuild the people hospital.”

The construction of the 10-story hospital building, worth P1.5 billion, Rama said, has to start, especially with the upcoming international events that the city will be hosting, such as

the Asia-Pacific Economic Cooperation summit this year, the International Eu-charistic Congress (IEC) in 2016, and the Meetings Incentives Conferences and exhibitions (MICE), among others.

Last year Rama has declared a “failure of bidding” for CCMC’s first phase of construction. Cebu’s WTG Construction and Development Corp. and Manila’s E.M. Ureta then won the bid for offering P274,975,904, but they were postdisqualified for allegedly being “nonresponsive,” af-ter the Bids and Awards Committee (BAC) found out that the documents submitted contained “discrepancies and false information.”

Rama said the competitive bidding process, such as the advertisement, prebid conference, eligibility screen-ing of prospective bidders, receipt and opening of bids, evaluation of bids, postqualification and award of con-tract be conducted anew.

In a memorandum order ad-dressed to the BAC, the mayor or-dered to conduct the bidding again this year to avoid “suspicion of favor-itism and anomalies.” PNA

AT least 20 fishermen, led by a retired member of the Phil-ippine Marine, were recently

deputized as “Bantay Dagat”  to pro-tect Ilocos Norte’s fishing grounds.

“I returned to my hometown of Pasuquin, Ilocos Norte, to live my days in peace. But fighting is in my blood,” Armando Pante said.

Pante, who saw action during the military’s takeover of Camp Abuba-kar in 2000, declared war against illegal-fishing activities, as he vowed to stop them from destroying the province’s fishing grounds.

The deputization of the Bantay Dagat—a result of a partnership between the local government units (LGUs) in Ilocos Norte, Century Tuna and World Wide Fund (WWF) for Nature Philippines—is expected to augment troops that protect the seas against destructive human activities, particularly illegal fishing. 

The famed Bantay Dagat system began in the 1970s. Bureau of Fish-eries and Aquatic Resources (BFAR) Fisheries Regulatory and Law En-forcement Division Head Mary Ann Solomon said members of Bantay Dagat are drawn from fishing com-munities who undergo three days of standardized training.

Upon graduation, they are issued ID cards sanctioned by the BFAR, giving them a three-year window of authority to enforce the Fisher-ies Code when operating in their respective areas. Dynamite or blast fishing, which became rampant in the Philippines after the Second World War, is a highly destructive means of collecting fish. Powdered ammonium nitrate, kerosene and small pebbles are packed inside a glass bottle and covered with a blast-ing cap. New designs integrate long metal rods which absorb sound and act as sinkers, WWF said. The blast’s shockwave which travels at about 1,500 meters per second—or the length of 15 football fields—kills or maims fish—sometimes liquefying their internal organs. In 1999 alone, an estimated 70,000 Filipino fishers engaged in dynamite or blast fishing.

“Every day about 10,000 blasts are still recorded throughout the ar-chipelago. The explosions pulverize fragile hard and soft corals, destroy-ing the productivity of our coral reef,” said Gregg Yann, communication and media manager of WWF. Section 88 of Republic Act 8550, or the Fisheries Code of 1998, prohibits dynamite or blast fishing. Jonathan L. Mayuga

20 Ilocos Nortefishers deputizedas ‘Bantay Dagat’

Mayor orders another biddingfor ₧1.5-B new Cebu City hospital

Informal settlers in Cabanatuan benefit from government services

CABANATUAN CITY—Some 478 families in this city’s informal waste sector (IWS) have ben-

efited from the city government’s social-services program for the poor and marginalized. The IWS comprises small-income families whose means of living is collecting waste from house-holds and dumps, and selling them to junk shops. “Our caring government, headed by Mayor Jay Vergara, provided us PhilHealth cards,” said Emily Oliva, the president of the 478-strong Association of Recyclers of Cabantuan City (ARCC), adding that “the card entitles the holder to free medicine and hospitalization.” Through its so-called Conditional-Cash Transfer, or Pantawid Pamilyang Pilipino Program, the government also provided the ARCC members financial assistance to defray the cost of their pressing and immediate needs, Oliva said. As of now, the ARCC members are undergoing training on alterna-tive livelihood to enable them to earn extra income and, thus, improve the quality of their lives, City Adminis-trator Roy Balagtas said. The training

program is administered by the Solid Waste Management Association of the Philippines, in cooperation with the city government and other concerned government and private development agencies. “That training on alternative livelihood has come at a very opportune time,” Balagtas said. The city govern-ment, he said, plans to develop the city’s recently closed dump into an ecopark, funded by a P12.5-million grant from the World Bank. If the plan materializes, this would mean loss of job for some ARCC members, who depend on the dump for their main source of livelihood. “The affected ARCC members should not worry; the alternative livelihood on which they are now being trained would give them a fallback,” Balagtas said. ARCC members who are now un-dergoing training on doormat-making, urban gardening, strawberry farming, construction works, basic computer and other alternative livelihood are expected to become microentrepre-neurs, which would give their families better income and, consequently, bet-ter quality of life. Prudencio E. Magpayo

Page 10: BusinessMirror January 2, 2015

Monday, February 2, 2015

OpinionBusinessMirrorA10

Government and business need each other

editorial

THE relationship between the ‘for-profit’ private sector and the ‘non-profit’ government has been a dilemma since the Industrial Revolution. That period marked a turning point because businesses were able to move beyond the grip of the

government’s control on the economy. This was because prior to in-dustrial manufacturing, economies were agriculturally dependant. Further, the governments, primarily monarchies, owned the land.

But then a private business owner with a factory and a few employees could create as much economic wealth as many hectares of agricultural production and usually with fewer workers.

However, government still had a vital role to play in opening up economic opportunities in various ways. The United States government as owners of huge tracts of land began selling this land to private people who then built cities. Fur-ther, for example when there was not any profit incentive to build a particular road, the government could do this which then supported private business.

Health care services delivery has been a great problem in the Philippines for decades. From the private sector viewpoint, there was not enough potential for business-sustaining profit except for the relatively small higher economic groups. Government was forced to fill the gap with publicly owned medical centers.

Now we see major companies moving rapidly with large amounts of invest-ment into health care. The Businessmirror reported that “Metro Pacific Invest-ments Corp. (MPIC) is stepping up its efforts to meet its health-care subsidiary’s 5,000-bed target through the acquisition of 12 more hospitals around the Philip-pines.” While many of the hospitals MPIC is buying are “private hospitals owned by families,” MPIC’s investment capability will substantially grow the industry.

Further, “Property developer Ayala Land Inc. said it plans to build at least 20 clinics and hospitals in the next five to six years, as setting up such health facilities will complement the company’s mixed-use developments by generat-ing more foot traffic in its malls.”

Why the sudden push into health care?The Philippine government has made excellent strides in expanding the

Philippine Health Insurance Corp. (PhilHealth), created in 1995, to provide universal health coverage for Filipinos. This program actively complements the private sector being able to provide health care services with a sensible and sustainable business model.

The health insurance business has also expanded exponentially as the call-center and outsourcing business has grown through the years with perhaps several million more employees and their families now covered with health care programs than a decade ago.

The generous financial incentives given to the call-center companies had the unintended consequence of bring health insurance to its employees. That cre-ated more people now able to pay for higher quality health care which has led to the private sector moving into this business because they can make a profit to sustain and grow the health services industry.

The government-private sector relationship is vital for a strong economy.

LAST year, the Philippine Charity Sweepstakes Office marked its 80th anniversary, a milestone that testifies to the com-mitment of the women and men of PCSO to their mission

of providing medical- and healthcare-related service to Filipinos around the country.

PCSO to celebrate NCL department anniversary

The agency also celebrates other significant occasions, such as the anniversaries of departments. The Branch Operations Sector, headed by Assistant General Manager Remeliza Gabuyo, which manages and moni-tors the operations of PCSO branches and Lotto outlets nationwide, looks forward to the “birthdays” of its de-partments this year.

Northern and Central Luzon (NCL), headed by Romeo S. Rigodon, marks theirs on February 7 in Baguio, which will coincide with the blessing ceremony of the Benguet branch.

The other departments under Branch Operations sector are: Na-tional Capital Region headed by man-ager Josefina A. Sarsonas, Southern Tagalog and Bicol Region (STBR) department under Irma Guemo, Vi-sayas department headed by Federico A. Damole, and Mindanao depart-ment under Mario S. Pelisco.

There are 13 branches under NCL: Isabela under branch man-ager Reynaldo Martin, Pangasinan

(Yamashita Japinan), Cagayan (Her-son Pambid), Benguet and Mountain Province (both under Ernieli Dancel), La Union (Lalaine Figueroa), Ilocos Norte (Marthia Miranda), Bataan (Erlinda Yano), Bulacan (Editha Romero), Nueva Ecija (Reynaldo Carbonel), Pampanga (Ma. Lourdes Soliman), Tarlac (Lolito Guemo) and Zambales (Pierre Ferrer).

We advise residents of those areas to visit the PCSO branches nearest to them to avail of the agency’s prod-ucts and services. There is no need to visit the head office in Manila to file requests for medical assistance, applications for Lotto outlets, and the like. The PCSO branches pro-vide these and other regular agency services.

Perhaps the only transaction that would need to be conducted person-ally at the PCSO head office in Man-daluyong City would be to collect Lotto jackpot winnings, because only prize claims up to a certain amount are entertained at the branches.

Congratulations to the PCSO fam-ily in NCL on having reached another landmark occasion in the history of the agency, and may their commit-ment to public service remain strong and steadfast.

n n n

PCSO recently unveiled its new lot-tery game, the Ultra Lotto 6/58, which is anticipated to add a chal-lenging flavor to the lineup of exist-ing Lotto games.

The game has the highest mini-mum jackpot among PCSO’s Lotto games, at P50 million. There are con-solation prizes as well for three, four and five out of six winning numbers.

The mechanics of Ultra Lotto 6/58 are similar to those of other Lotto games. A player selects six numbers from 1 to 58 for only P20 per com-bination.

Want to be the first Ultra Mil-lionaire? The first selling date for the Ultra Lotto 6/58 is on February 7, Saturday, with the first draw on February 8, Sunday, and on every Friday and Sunday thereafter.

n n n

CONGRATULATIONS to the seven newly-appointed members of the Philippine Racing Commission: An-drew A. Sanchez as chairman and, as members, Bienvenido C. Niles Jr., Lyndon Guce, and lawyers Ramon S. Bagatsing Jr., Victor V. Tantoco, Wil-fredo JA de Ungria and Jose Gutier-rez Santillan Jr.

We wish them all the best as they begin their 4-year term serving the horseracing industry and the Fili-pino people.

Our acknowledgement also goes

to outgoing commissioners Angel L. Castaño Jr., Jesus B. Cantos and Edu-ardo B. Jose, who with their fellow of-ficials steered the industry through the difficult adjustment period with the entry of a third racetrack on the scene. They also upheld govern-ment standards related to the ad-ministration of the office, as well as performed other accomplishments.

Many will recall that before PCSO introduced computerized lotto in 1994, the results of the Sweepstakes, PCSO’s only product back then, were tied to the results of designated horse races called “Sweepstakes races.” PCSO, by virtue of its charter, re-mains a partner of the industry to this day.

PCSO’s racing program sponsors horse races throughout the year. Its flagship event is the PCSO Presiden-tial Gold Cup, in honor of the incum-bent head of state.

The Gold Cup, which is on its 43rd running this year, is the most prestigious in the sport. As far as we know, it is the longest continuously-held sporting event in the country, a tradition and legacy that the agency proudly upholds.

The first PCSO race of this year was held last Saturday at the Manila Jockey Club’s San Lazaro Leisure Park in Carmona, Cavite. The next, the PCSO Freedom Cup mile, is set for February 8 at the Philippine Racing Club’s Santa Ana Park in Naic, Cavite.

Atty. Jose Ferdinand M. Rojas II is vice-chairman and general manager of the Philippine Charity Sweepstakes Office.

RISING SUNAtty. Jose Ferdinand M. Rojas II

HOM

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By Gina BarrecaThe Hartford Courant/TNS

‘W HAT’S your goal in life?” I asked a cheerful young man at an alumni event. “I want to retire by 35” was his snappy answer.

Work is a big part of making a life

He smiled, cocked his head as if auditioning to play George Clooney’s kid brother and waited for what he clearly expected to be my delight. The line was rehearsed and he was close to 25; obviously it had played well before other audiences.

I wasn’t impressed.“Let me put it another way,” I said.

“From what kind of work would you like to retire?”

“Something creative. Something where my passions and my talents are showcased. I don’t want some soulless, mind-numbing office job.”

“Ever had an office job? Is that how you know they’re all soulless?”

“I don’t need to do a 9-5 to know it. Do you need to work in factory or dig ditches to know those are jobs you wouldn’t want?”

He wasn’t necessarily a fool, this young man, but he was either ignorant

or innocent–or both. And I thought about how his family, his college and his culture had all failed him.

By encouraging him to believe in his own exceptionalism, the adults who brought him up did him a dis-service: By permitting him to believe, as the old expression put it, that the world owed him a living, they might have made it much more difficult for him to earn one.

That’s why, instead of searching for his vocation, he was standing on the world’s platform waiting for the Fame Train to arrive. He thought all he had to do was hail it by waving his arm.

This was not the scion of an aris-tocratic household, either, brought up by nannies and fawned over by tutors; this was a child of the suburbs, not of the landed gentry.

Yet he made it obvious that he was meant for greater things than every-

day work. He made it clear he thought of tedious work as something done by others: by the ungifted, the ordinary and the common.

His mistake about work is what’s common.

My father worked in a small family factory with his brothers, brothers-in-law and a sister. When the place couldn’t compete with larger compa-nies, they went out of business and, at 60, my father started working retail.

When he very ill at the end of his life, I asked my father if he had any unfulfilled wishes, things he secretly would’ve liked to have done.

“I wish I could’ve been a mechanic,” he shrugged. “I would’ve liked to work with cars.”

His last dreams weren’t about voyages or extravagances. They were about what other kinds of hard work he would’ve done and how he might have liked it a little more. He would have preferred working on automo-bile engines to working on sewing machines.

People once talked about the dig-nity of labor. Now the word “labor” is usually associated with birth and “dignity” is usually associated with aging and death.

Birth and death are serious occa-sions, true, but work is also a big deal, or it should be. You spend more time at work than you do birthing and dying if you’re only a little bit lucky.

How can you tell that being able to get a job and going to work is impor-tant? For much of history, women and those marginalized by the culture were prohibited from doing it.

Women, people of color, the very poor or those seen as being of the “wrong” religion were barred from being able to walk through the gates and apply for work.

These jobs remained not as much out of reach as they were out of bounds. Laws had to be passed so that hard-working people would be permitted the privilege of being able to get them.

There were a lot of things I wanted to say to the graduate (including, of course, “One word: plastics”) but all I said was that getting a job he didn’t like would still be better than hang-ing around hoping to be discovered. Work is an essential part of life’s con-versation. If you sit at the grown-ups’ table, it should be an experience you are able to discuss first hand. It’s OK if those hands are a little rough.

Page 11: BusinessMirror January 2, 2015

Monday, February 2, 2015

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Will US protect its Syrian rebel army?

By Josh Rogin

THE long-awaited Syrian train-and-equip program that President Barack Obama sold to Congress as the way to keep American boots off the ground in Syria is finally

about to start training its first troops.

Three Obama administration officials who work on the Middle East told me that after months of preparations, the vetting of rebel troops for the first tranche of train-ing is nearly complete. About 1,800 soldiers from Free Syrian Army bri-gades in southern Syria will soon move to a training camp in Jordan to undergo weeks of preparation for a coming fight against Islamic State inside Syria.

But here’s the problem: The ad-ministration hasn’t figured out what to do if and when those troops are attacked by Bashar al-Assad’s air force, after they get back into Syria. One Obama administration official described that prospect to me as the “Achilles’ Heel” of the whole program, calling the deploy-ment the administration’s last and best chance to make the Syria com-ponent of its anti-IS strategy work.

On Thursday, administration officials met to ponder how to protect the new US-trained Syrian rebel army from barrel bombs and other air attacks. Next Monday, Obama will preside over a meeting of his National Security Council on the campaign against Islamic State where this issue could be debated.

The Pentagon has prepared a memo that sets out a few basic op-tions. The US could use its formi-dable air assets to cover these reb-els, but that would mean engaging militarily against the Assad regime, an act with big political diplomatic, and legal implications. Alternative-ly, the US could provide its new rebel army with anti-aircraft weapons, such as Manpads, so it can defend itself. But the risks of proliferation of those weapons to extremists would be dire.

Some inside the administration favor warning the Assad regime not to attack these specific brigades, hoping that Assad will realize that they are only targeting Islamic State. Assad himself rejected that idea in a recent interview with Foreign Affairs, when he said the Western-trained force would be fair game for attacks.

“Any troops that don’t work in cooperation with the Syrian army are illegal and should be fought. That’s very clear,” Assad said. “Without cooperation with Syrian troops, they are illegal, and are pup-pets of another country, so they are going to be fought like any other illegal militia fighting against the Syrian army.”

Michael Nagata, the general in charge of the $500 million Syria train-and-equip program, heavily favors either giving the new rebel force the means to defend itself from air attacks or using US air power to protect them. He has told lawmak-ers and congressional aides in brief-ings that the US has a responsibility to protect the fighters it is sending in on behalf of the international community.

Many experts doubt that any

strategy that relies on Assad not to attack the new Syrian rebel army would work.

“If President Assad said he’s go-ing to attack those troops, we have to take him at his word,” said Andrew Tabler, senior fellow at the Washing-ton Institute for Near East Policy. “This begs the question: Can you hit Assad’s forces and under what cir-cumstances? That was always going to be a key question in this policy.”

The White House has real con-cerns about the legal implications of attacking Assad’s forces. More broadly, its desire to see Assad go also seems to have waned, given that under current conditions ex-tremists might end up taking con-trol.

Also, especially in the South, rebel forces are likely to find them-selves fighting IS and the regime at the same time, even if the US only wants them to fight the former.

“The White House doesn’t want to get in the middle of that, they want something that deals with Isis only,” Tabler said. “The re-gime’s collapse right now, they feel, would lead to the spread of ISIS. But at the end of this, if Assad doesn’t go, you can’t put the pieces of Syria back together again. That’s the conundrum.”

There’s deep frustration within the top ranks of the US military about both the White House’s pol-icy constraints on the mission to fight Islamic State in Syria as well as its insistence on micromanag-ing all aspects of the campaign. “There are many sincere people in our government who frankly are paralyzed by this complexity,” General Michael Flynn, the former director of the Defense Intelligence Agency, told a Washington industry conference this week. So they “ac-cept a defensive posture, reason-ing that passivity is less likely to provoke our enemies.”

The National Security Council declined to comment for this article.

The White House’s concerns are real. Attacking Assad’s forces could have unanticipated consequences. Although the US has covertly been arming rebels to fight Assad for years, the legality of fighting the regime directly is questionable. Giving Syria rebels heavy weapons would be risky, considering their poor track record on handling such weapons so far.

But US policy toward Syria can’t continue to straddle the fence. De-feating Islamic State requires deal-ing with the problem that is the Assad regime one way or the other. Leaving the regime in place might result in the emergence of perhaps even worse extremists down the line. The political reconciliation process is nonexistent. If Assad is going to attack US-trained rebel forces in Syria, the White House must have a real plan for how that army, and through it the overall US Syria policy, can survive.

It’s all about work

HERE is totally useless research and yet there is a lot of it even from places like Princeton and people like No-bel Prize winner Joseph Stiglitz.

Free FireTeddy Locsin Jr.

While labor- and therefore time-saving devices are giving people more time to chill out the same people are spending more time working as if making up for time gained by losing more time working harder than ever.

Wil l iam James, brother of Henry, my favorite novelist, said the sense of time is comparative. Something takes a longer time only in relation to another thing that takes a shorter time. And since

people have come to believe that time is money, the more time you spend working, theoretically the more money you make. But Wil-liam James never heard of Filipi-no politicians who work less and make more.

There is Thorstein Veblen’s classic, The Theory of the Leisure Class, an finely written book de-voted to the phenomenon in the title; a certain de Grazia concluded his book Of Time, Work and Lei-

sure with the injunction to “lean back under a tree, put your arms behind your head, wonder at the pass we’ve come to, smile and re-member that the beginnings and ends of every great enterprise are untidy.” So stop looking for loose ends to tie up and give it a rest.

Unless you work 24/7 in an Asian or US sweatshop for Mango or H&M or any of the other fashion houses that cater to the lower end of the market that want to look, even if they cannot afford to be as fashionable as the upper end of it.

But the real reason people work so hard—aside from sweatshop workers who risk starving to death faster than ever—when they can afford to take it easy is that, if they aren’t working they will be bored with themselves.

Believe it or not there really isn’t that much that’s interesting outside work. Think of it: even rock climbing is a lotta work and

dangerous too though thoroughly pointless.

Man is made to work. The only real concern is if he or she is paid decently to do it or not like the sweatshop workers of Swedish fashion houses. It all comes down to the just wage for the worker in the vineyard, as Jesus said. The rest is just poop. It isn’t anything grand like “work defines man” or in work he discovers himself. None of that’s true. The practice of law should be interesting but it isn’t, unless you are fabulous like Amal Clooney taking on genocide cases. Law is humdrum work just a notch more interesting than accountancy which isn’t at all though law is paid less.

We work because it is what we know how to do aside from being the only source of income for most people. Other than that, work isn’t anything much yet it is still a whole lot more interesting than doing nothing.

Where’s the payoff for Google investors?By Katie Benner

Bloomberg View

GOOGLE released its fourth-quarter earnings on Thursday, and those results were pretty lackluster. The company delivered decent, if disappointing, growth. GAAP earnings per share

rose to $6.91 in the fourth quarter from $4.95 a year ago, but Wall Street expected $7.11 a share. Revenue rose by 15 percent over the previous year to $18.1 billion.

The company still makes most of its money by selling cheap online ads. Paid clicks in aggregate increased by about 14 percent over the past year. But the aver-age cost per click–the price advertisers

are willing to pay Google to host an ad–decreased by 3 percent. This slowdown in growth and in pricing is in keeping with the company’s last few quarters. Ultimately, the stock market shrugged.

If you’re an investor who wants to put money into a potentially volatile but fast-growing tech company, then Google is not the stock for you. Go buy GoPro or Lending Club.

If you want a staid company that’s a leader in a lucrative market–say, sell-ing cheap ads against search results and Web videos–you might find Google very attractive. It could deliver not-terrible but not-spectacular numbers for many quarters to come.

Google may not end up dominating mobile search, and it will cede some on-line-search market share to the likes of Yahoo. But those trends won’t be enough

to doom it for many years. The numbers will feel perfectly fine in the way that a burger from room service is perfectly fine: It’ll get the job done, but it won’t be an In-N-Out. As with any older company with lots of cash, a steady business and slow-ing growth, it’s time for Google to issue a dividend. When an analyst asked about the possibility of a shareholder payout, the company’s finance chief, Patrick Pichette, said he had “nothing to announce” on the issue. He did make reassurances that the company cares about share price and that it reviews the topic on a regular basis.

Pichette’s reassurance was nice, but let’s face it, nice doesn’t mean very much.

His company, after all, spent untold hun-dreds of millions of dollars on a mysteri-ous but ultimately scrapped barge project and the intriguing but ultimately doomed Google Glass.

Google has $64.4 billion in cash on hand and it produced $2.81 billion in free cash flow in the fourth quarter. That’s a lot of money for the moonshot stuff that Google says keeps the spirit of innovation alive at the company. It’s a lot of money for new business lines that could pay off, such as Google Fiber, the company’s plans to become a wireless carrier, or investments in companies that connect the world to the Internet

via satellite. And it’s cash that can cover huge capital expenditures on the real estate and data centers that it needs to compete in the cloud. But that kind of cash should also be enough to cover a modest dividend to reward investors who don’t mind slow growth, or who are patiently waiting for a balloon project, a satellite investment or a Wi-Fi carrier plan to pay off big time.

Google’s results weren’t that exciting, but there are plenty of reasons why inves-tors gravitate toward unexciting compa-nies. Dependability is one. Dividends are another. It would be nice if Google could offer both.

Page 12: BusinessMirror January 2, 2015

The Microinsurance Manifesto was signed by six key government agencies, led by the Department of Finance (DOF), and the Philippine Insurers and Reinsurers Association (Pira), representing the private sec-tor, in a ceremony on Friday night at the Philippine International Conven-tion Center. “Microinsurance is the best we can give to our poor countrymen to help them adapt to climate change,” Finance Undersecretary Gil Beltran said. “With microinsurance, they

have a better chance of recovering from financial shocks caused by typhoons, floods and other calami-ties,” Beltran added. The Philippines is the global model for microinsurance, with the industry covering about 19 percent of the population, or a market- penetration rate that is even higher than India’s, according to the Insurance Commission (IC). Microinsurance coverage costs as low as P25 and provides payouts as low as P5,000. They are sold to low-

By David Cagahastian

AmAnifesto containing the master plan to expand micro-insurance coverage in the Phil-

ippines was signed by the govern-ment and the private sector to ensure that even marginal-income filipinos are protected against risks associated with climate change.

By Jovee Marie N. dela Cruz 

The leadership of the house of Representatives has com-mitted to passing the pro-

posed Philippine Fair Competition Act (PFCA) in March, after the Joint Foreign Chambers (JFC) and Phil-ippine business groups urged law makers to prioritize the passage of the key economic measure. Liberal Party Rep. Antonio Ra-fael del Rosario of Davao del Norte, one of the authors of house Bill (hB) 5286, or the consolidated version of the proposed Philippine Fair Competition Act, said the mea-sure is the product of the joint efforts of the committees on Trade and In-dustry and economic Affairs, after conducting one executive briefing, four public hearings, three technical working group meetings and count-less hours of consultations with vari-ous stakeholders over the course of seven months to come up with the final product.    “[After this long committee deliberations] we’re hoping to get the bill approved on third and final reading before our March break,” del Rosario, who spon-sored the measure on floor, told the BusinessMirror. Congress will take a break from March 21 to May 3.  earlier, the JFC and Philippine business groups have repeatedly urged the leadership of the house of Representatives to prioritize the pas-sage of several economic measures, including the proposed PFCA.  Alfredo Yao, president of the Phil-ippine Chamber of Commerce and In-dustry, said during the house of Rep-resentatives meeting with the busi-ness organizations, said the Congress should treat the proposed Philippine Fair Competition law with urgency.  “There should be a level playing field for businesses to provide better services and products,” he said. Del Rosario said a competition law will be passed in preparation for 2015 Asean Integration, which seeks to establish “a single-market and pro-duction base with free movement of goods, services, labor and capital.” he said the measure aims to mini-mize, if not totally eradicate, unfair competition, monopolies and cartels. The bill also heavily penalizes monopoly, anti-competitive mergers and other unfair trade practices. The measure defines monopoly, a a form of market structure in which one entity has earned a privilege or obtained advantage over others in the sale of a good or service.  As defined under the measure, a mergers is a situation where two or more entities, previously inde-pendent of one another, join. These include transactions whereby: two entities combine, one entity takes control of the whole or part of an-other, two or more entities acquire control over another entity and other transaction whereby one or more un-dertakings acquire control over one or more entities.  The bill also proposes to cre-ate the Philippine Competition Commission (PCC) that will pros-ecute those engaged in unfair and deceptive trade practices with the purpose of preventing,

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GLOBAL BANKS UPGRADEPHL GROWTH PROSPECTS

By Bianca Cuaresma

ResURGeNT growth in the final three months of 2014, from a rather

tepid growth performance three months earlier, allowed some private foreign bank analysts to recast the likely growth path of the Philippines somewhat higher this year. In separate research notes JP Morgan and standard Chartered Bank both expressed optimism on the country’s growth prospects, saying the Philippines can sustain its growth momentum no matter more recent structural challenges, such as supply-side shocks and the government’s reluctance to boost local output with heightened pub-lic disbursement activities. Both were of the view the Phil-ippines may not attain the target expansion set higher by the gov-ernment to 7 percent or 8 percent this year. In particular, JPMorgan re-vised its 2015 gross domestic product (GDP) growth estimate for the $270-billion economy, from 5.4 percent to 6.4 percent. standard Chartered, mean-while, said it expects growth averaging only 6 percent in 2015 but with upside risks to the forecast, particularly if the government accelerates its ex-penditure program and more infrastructure projects move into the construction phase. The Philippine statistics Au-thority (PsA) reported just last week that the economy rebounded to growth averaging 6.9 percent after a disappointing 5.3 percent performance in the third quarter of the year.

Following the GDP release, socioeconomic Planning secretary Arsenio M. Balisacan also said the 7-percent growth path seen this year remains very likely, and that the worst was over in terms of the government’s underspending. “Growth is likely to be sup-ported by the domestic and ex-ternal sectors, with low oil prices providing additional upside. Our macro tracker for the Philippines shows that the economy has con-tinued to benefit from solid exter-nal demand in recent months. At the same time, inflationary pres-sures have eased, most notably from energy,” analysts at standard Chartered said. “We remain confident on growth over the next few quarters, as consumption remains robust and the government is expected to accelerate spending ahead of the six-month moratorium on project approvals prior to the May 2016 national elections,” analysts at JP Morgan also said. While the dollar was seen gaining strength toward the end of the year, the macroeconomic underpinnings of the Philip-pine economy were seen help-ing lift the foreign-exchange market and provide strength to the peso, according to standard Chartered analysts. “The latest GDP and trade bal-ance figures are further evidence of the Philippines’s strong domes-tic fundamentals…. In line with this, we expect Us dollar [UsD]-Philippine Peso [PhP] to remain range-bound even in a stronger UsD environment. We forecast UsD-PhP at P45 in mid-2015 and P43.50 at end-2015,” standard Chartered said. 

Support the families of the slain Special Action Force officers. Cash and check donations may be deposited to Citystate Savings Bank Account 001-11-000038-9 and BDo Savings Account 90173473. Anonymous donations are welcome.

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income groups to protect against sud-den loss of income due to calamities. The Microinsurance Manifesto will ensure cooperation between the government and the private sector in making sure that action plans toward making microinsurance available to all poor Filipinos are realized. Pira Chairman Michael Rellosa said that the private sector has always been supportive of microin-surance and has helped draft the ac-tion plans included in the manifesto to ensure that poor Filipinos are pro-tected against the “new normal” of powerful typhoons devastating the Philippines annually. Aside from the DOF and Pira, other agencies that signed the mani-festo include the IC, the Bangko sentral ng Pilipinas, the securities and exchange Commission the Co-operatives Development Authority, the Climate Change Commission, and representatives of the Japanese and German governments. The total market penetration of insurance in the Philippines has risen from 14 percent in 2009 to 28 per-cent in 2014, mostly because of the inroads made by microinsurance.

BEST IN PRINT The nonprofit Universal Peace Federation cited on Saturday the collective effort of the ALC Group of Companies under its founder, Ambassador Antonio L. Cabangon Chua, in promoting harmony among Filipinos and transparency in both the government and the private sector, and as, a result, conferred on the BusinessMirror the citation as Best Newspaper. Also cited was the special coverage done by the Philippines Graphic, sister publication of the BusinessMirror, on the recent visit of Pope Francis, who attracted millions of adoring Catholic faithful. Philippines Graphic Editor in Chief Joel Pablo Salud (left) and BusinessMirror Editor in Chief Jun Vallecera were Peace awardees in ceremonies at the Manila Hotel. Sister institution and radio station dwIZ, with Rey Langit as vice president and station manager, was similarly cited as Best Radio Station in the broadcast category.