We give way to more readers who have sent in their thoughts about the past topics that this column has tackled. Here’s one from Engr. Alex G. Serrano of Legazpi City, who welcomingly tackles – what else – the seemingly untameable traffic issue of Metro Manila. Here’s his contribution. “I write to you occasionally to share my ideas on important current issues, a couple of which you have already included in your column, for which I am very thankful. “This time I would like to share with you my idea of a network of elevated walkways (inspired by ideas from Arch. Palafox) that would somehow relieve the traffic along EDSA, and at the same time greatly improve pedestrian mobility in our major CBDs. “My idea is (to construct) in two phases. Phase I is a network of walkways connecting CBDs to EDSA, and Phase II is a linear network of walkways along EDSA from Makati to Cubao. Phase I “1. Elevated covered walkway from MRT3 Ayala Station to McKinley Road connected to a network with access to Bonifacio High St., Burgos Circle, Market Market, SM Aura and strategic commercial buildings. “2. Elevated covered walkway from MRT3 Ayala Station passing alongside SM and Landmark to Makati Ave., along Makati Ave. to Ayala Ave., along Ayala Ave. to Buendia Ave., along Buendia Ave. to Pasong Tamo, along Pasong Tamo to Makati Square, from Makati Square to Glorietta. This network should have links with the existing network within Makati CBD. “3. Elevated covered Read More …
MANILA, Philippines – The Department of Agriculture insists a plan to remove quantitative restriction (QR) on rice imports will be disastrous to local farmers. “The Filipino rice farmers are not ready yet for the lifting of the QR mainly because of negligence on the part of the government in the past,” Agriculture Secretary Emmanuel Piñol said. He said Filipino rice farmers could not yet compete with neighboring rice-producing nations should the government finally decide to lift import restrictions on rice. In the Philippines, the cost of producing palay (unmilled rice) is around P10-12 per kilo as against the P6 to P10 per kilo in Vietnam and Thailand. “We need at least two years to improve the average rice production per hectare to at least five to six tons and lower the cost of production per kilo to a maximum of P8,” Piñol said. “Until such time these are achieved, lifting the QR would be disastrous to the Filipino rice farmers,” he added. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 On the contrary, National Economic and Development Authority (NEDA)-Agriculture, Environment and Natural Resources director Mercedita Sombilla said farmers have remained disadvantaged even with the current implementation of the QR. “Even with the QR, farmers were never that much advantaged, especially the small rice farmers who are net consumers of rice for most part of the year and hence have to face the same higher rice prices,” Sombilla said in an email to The STAR. “If you look at and Read More …
We received dozens of emails from our US-based Filipino readers who said that while they are very much supportive of President Rodrigo Duterte, they were also “saddened” and “embarrassed” by the expletives he issued in reference to US President Barack Obama. Many admitted they are “very much affected” by the negative worldwide media attention, particularly with international news networks like CNN and Fox News repeating the comments of President Duterte. Former state secretary Hillary Clinton, whose last visit to the country was in November 2011 to reaffirm the strong ties between the US and the Philippines, said it was appropriate for the White House to cancel the scheduled bilateral meeting between Obama and Duterte following the “insult,” and that while it is important to maintain relations, there has to be “a certain level of respect that is expected on both sides.” Even Clinton’s rival Donald Trump – whose remarks about the Philippines being a “terrorist nation” angered Filipinos and prompted a lawmaker to propose a resolution that would ban him from the Philippines – also issued a snarky comment, calling the remarks “terrible.” As noted by US State Department spokesman Mark Toner, “words matter,” and it is important to have “an atmosphere that is cordial and open to strong cooperation.” Despite damage control from the Palace with a statement saying Duterte expressed regrets over the remarks, there has been a negative backlash as seen in the cancellation of the previously scheduled bilateral meeting between the two leaders. Obviously, Americans do Read More …
The important role that government plays in telecommunications development is undeniable. Acting as a regulator, government can make or break private sector investment in telecommunications. Take the case of the Philippine Competition Commission (PCC) and its insistence to review PLDT and Globe Telecom’s recent acquisition of San Miguel Corp.’s telecom assets despite the absence of legal basis to do so. Had the acquisition been considered “deemed approved” under the PCC interim rules, then PLDT and Globe should have been able to utilize the frequencies that used to be owned by SMC to benefit Filipino consumers. What would happen if PCC disapproves the deal? PLDT and Globe cannot return the assets to SMC. Neither can the two utilize the valuable 700 MHz radio frequencies that form part of the acquired assets. Such a waste of limited resources. Waiting for a third viable telecom player to arise is more like wishful thinking on the part of government. In the meantime, what government should do is invest in digital infrastructure, starting with a national broadband network (NBN) that would complement the existing telecoms backbone already set up by the private sector. Studies have shown that increasing public spending in the telecoms sector would lead to a corresponding hike in the rate of economic growth. Every 10 percent increase in the number of broadband subscribers (broadband penetration) corresponds to a 1.23 percent rise in gross domestic product, while doubling data connection speeds increases the GDP by 0.3 percent. As the economy expands and incomes rise, Read More …
I have three kids. They are all different. You may have kids too and I am sure they are all different. They are not like each other and they are not like you. Isn’t this fact alone a mystery? The question I now ask in many of my leadership seminars is this: “Do I by virtue of my position as a “Father” expect all of them to adjust to me or do I adjust to them?” And almost every single one of the participants will answer: “Adjust to them.” The answer is right. Why do I need to adjust to them? The answer is very simple because I care for them. Good leaders take the time, effort and energy to know their people, connect and engage with them because they genuinely care for them. We need to understand that there are different behaviors you typically find in the workplace. When times are normal, these behaviors do not manifest. When there is a particular threat or difficulty, these are the 10 specific behavior patterns that sane people resort to when they feel threatened or thwarted, that represent their struggle with (or withdrawal from) undesired circumstances. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Rick Brinkman and Rick Kirschner in a book they authored a few years ago entitled: “Dealing With People You Can’t Stand” identified the following people and their specific behaviors. The book may have been written a couple of years ago but the material is still as relevant Read More …
Time heals the deepest of wounds. So grant his dying wish, and spare him a piece of humble patch of earth, where his family can lay him to rest. Spare the dead of disrespect and let him be remembered by the good that he has done. Spare him this patch of earth and mind not the land and properties of individuals forcibly taken without compensation during his rule. Let him rest in peace as families have laid to rest their dead, whose protests were long silenced by warrantless arrest, torture and execution. Bury him and let the nation move on from the massive pilferage, crony corruption, decades of colossal and callous deception and lies. But most of all – honor him. Why on a Sunday would I write on a topic so divisive? Not for hatred or retribution, not for finger-pointing. My motivation is singular: to serve the millennials, or those among them who are at least open to re-evaluate their sense of history, some truths to tame the lies. It’s not the younger ones’ fault to be born in a time of free press and free social media. For them, democracy is not an issue nor a concern, because they never experienced democracy taken away, except for the occasional “nos” and “don’ts” from parents and in schools. They did not have the benefit of witnessing the horrors, and sadly, not even the benefit of an education of what transpired during the two decades of dictatorship. Of all materials on Read More …
RA 7832 or the Anti-Electricity and Electric Transmission Lines/ Materials Pilferage Act of 1994 prohibits the possession, control, or custody of electric power transmission line/material by any person not engaged in the transmission or distribution of electric power, or in the manufacture of such materials. File photo MANILA, Philippines – Despite information campaigns, the National Grid Corp. of the Philippines (NGCP) is alarmed over the increase of transmission line and tower parts theft in the last two years as this could cause interruption in the delivery of electricity to consumers. NGCP said in a statement there has been higher instance of transmission line and tower parts pilferage since 2014. In 2015 alone, 13 incidents of stolen parts from transmission lines, substations, and other related facilities were reported to NGCP. Five cases have been reported from January to May 2016. RA 7832 or the Anti-Electricity and Electric Transmission Lines/ Materials Pilferage Act of 1994 prohibits the possession, control, or custody of electric power transmission line/material by any person not engaged in the transmission or distribution of electric power, or in the manufacture of such materials. Those found guilty will face 12 to 20 years of imprisonment and fines ranging from P50,000 to P100,000. Meanwhile, NGCP’s information campaign has resulted in a steady decrease of electrocution incidents, from a peak of 29 in 2012 to a five-year low of 17 in 2015. No employee-related accidents were also recorded for 2015 and 2016. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 It Read More …
In his keynote address during a recent investment summit organized by the Financial Times and First Metro Investment Corp. (FMIC), Sharma said the country’s demographics is an area where the Philippines ranks well. Paulo Alcazaren MANILA, Philippines – The Philippines is one of the few Asian countries to watch out for because of positive demographics and stable fiscal position, said Ruchir Sharma, head of emerging markets for Morgan Stanley Investment Management. In his keynote address during a recent investment summit organized by the Financial Times and First Metro Investment Corp. (FMIC), Sharma said the country’s demographics is an area where the Philippines ranks well. “Given its working age population, it is still expanding at a decent pace. It has the necessary condition for being able to grow well over the next five years,” he said. Aside from positive demographics, Sharma said the country’s fiscal situation is also quite stable, debt levels are relatively well, inflation is kept in check, and currency appreciation is managed. Sharma said the country should first focus on spending in infrastructure before spending on welfare and other subsidies. Geographically, he said the country is doing well in keeping itself open to trade. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 But on internal geography, Sharma said there is too much wealth or economic development concentrated in Manila. This, he said, is a reflection of the wide income inequality in the country that needs to be addressed. Moving forward, Sharma said countries like the Philippines can Read More …
PLDT Innolab previews the future of telecommunications in the Philippines. MANILA, Philippines – The country’s leading telecoms and digital services provider PLDT recently opened its newest Innovation Laboratory (Innolab) at the Makati CBD which takes to a higher level its pioneering commitment to define the future of telecommunications in the Philippines. PLDT Innolab is a world-class facility where innovative products and business solutions are tested and developed, and where PLDT’s field experts provide training, ICT services and other technical assistance to the digital clientele. “The newest lair of digital smarts is the PLDT Innolab,” Joey Limjap, PLDT vice president for ICT Research and Development, said, citing that Innolab set the standards in building a world-class ICT research and development center for new generation technology and applications. The opening of this cutting-edge facility marks PLDT’s seventh Innolab nationwide after Manila, Clark, Subic, Cebu, Davao and Baguio. “In these times of mind-boggling advances in technology, Innolab is the perfect avenue to identify trends and business models, and facilitate mutually beneficial exchanges within the dynamic digital community,” Limjap said. PLDT Innolab is a host to a mixture of techies in the digital community in a cross-section of demographics – from the telecom industry, academe, software and gaming industry, and service providers in government – all engaged on new technologies and solutions as stakeholders of the digital economy. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “Since 2003, Innolab has had a positive and lasting impact in providing innovation in ICT services and Read More …
Ayala Land Inc. is preparing to issue another round of its pioneering Homestarter Bonds worth P3 billion and a third tranche of its fixed rate bond series worth P7 billion. STAR/File photo MANILA, Philippines – Ayala Land Inc. is preparing to issue another round of its pioneering Homestarter Bonds worth P3 billion and a third tranche of its fixed rate bond series worth P7 billion. In a disclosure to the Philippine Stock Exchange (PSE) yesterday, ALI said its board of directors approved the terms and conditions for the combined P10 billion new issuances yesterday. Both issuances would be under the company’s P50 billion debt securities program as approved by the SEC in March. The Homestarter Bonds, a concept pioneered by ALI, enables bondholders to build up full or partial downpayment to buy a residential unit in the future. The coupon rate may be 3.5 percent to four percent, same as in previous rounds of Homestarter Bonds, officials earlier said. ALI first launched the innovative instrument in 2006, making it the first property company to issue such types of bonds. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 It has been issuing the bonds regularly, saying that it has been an effective savings instrument for many bondholders. In the past, eligible investors including the targeted retail investors could buy a minimum of P50,000 worth of the bonds and in multiples of P5,000 or P10,000 thereafter. ALI has an approved shelf registration for up to P50 billion. A shelf registration is Read More …