Just this week, the Star carried a news item about the Senate ratifying two treaties on aviation. These of course ensure greater protection and fairer compensation to air passengers in case of accidents during flights. These treaties refer to the 1999 Montreal Convention (MC99) and the Protocol Relating to an Amendment to the Convention on International Civil Aviation. A quick review of history pertaining to the protocols and conventions leading to MC99 is in order now that the Philippines has adopted this regime as basis for our own aviation protocol. To harmonize private international air laws, the Convention for the Unification of Certain Rules Relating to International Carriage by Air, otherwise known as the Warsaw Convention was signed in 1929 in Warsaw although, as agreed upon by the member states in attendance, this came in to force only in 1933. A total of 152 states concurred with all the provisions of the Warsaw Convention, a significant number insofar as concurrence is concerned, which you will see as you read on. When World War II came to an end, the aviation industry saw more improvements with larger airplanes and much longer routes, more air passengers and increased freight, and the 1929 Warsaw Convention was becoming irrelevant to the times. In 1944, the Chicago Convention brought a measure of order and a smoother flow of air passengers, baggage and cargo, and this took effect in 1947, concurred in by 191 states against Warsaw’s 152. In 1955, the Hague Protocols took place to Read More …
MANILA, Philippines – The Japanese government will aid the Philippines in developing the 9,450-hectare Clark project envisioned as the first disaster-resilient and green city in the country. In a statement, state-owned Bases Conversion and Development Authority (BCDA) said it has signed a cooperation agreement with the government of Japan through the Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN) to develop Clark Green City as a major economic center in the Southeast Asia region. BCDA president and chief executive officer Arnel Paciano Casanova said the involvement of the Japanese government corporation in Clark Green City would lead to multiple joint venture partnerships that would serve as vehicles for the formation of Japanese consortium and investments in the field of power, transportation, tollways, industrial zones and economic centers. “By investing in Clark Green City, the government of Japan will help transform it into a major economic center of the Asean economic bloc,” Casanova said. Under the memorandum of cooperation entered by the BCDA and JOIN, Casanova said both parties would craft a project implementation framework which would ensure the economic, financial and commercial viability of building and operating Clark Green City. Casanova said the involvement of JOIN right at the very start of the planning stage of the project implementation framework would allow BCDA to identify and attract Japanese private investors make the project more viable both financially and commercially. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The goal is to create a viable project implementation Read More …
MANILA, Philippines – First Gen Corp. of the Lopez Group booked slightly lower profits in the first half of the year due to the lower contribution from its geothermal and hydropower generating units. First Gen reported yesterday its net income attributable to equity holders of the parent declined 7.1 percent to $95.3 million in the first six months of the year from $102.6 million in the same period last year. Its recurring net income attributable to the parent also slipped 7.3 percent to $83.9 million from $90.4 million. The company said its natural gas plants, namely Santa Rita and San Lorenzo, booked higher earnings contribution due to higher dispatch and insurance claims recovered from their previous transformer incidents. However, it cited lower earnings from its subsidiaries Energy Development Corp. (EDC) and First Gen Hydro Power Corp. (FG Hydro). “Despite the positive contribution of the gas projects, EDC’s geothermal operations suffered reliability issues which we are now addressing,” FirstGen president Francis Giles B. Puno said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 EDC’s lower contribution resulted “from the outage of the Tongonan Geothermal Power Plant in Leyte, trading losses on the Unified Leyte Geothermal Plant strip business, higher operating expenses, and typhoon-proofing works.” FG Hydro, on the other hand, posted a dip in revenues as “the plants suffered from weak spot market prices and a reduction in electricity production caused by lower water availability.”
“It’s complicated…” That has to be one of the most famous expressions nowadays. Of course life is complicated and it is our responsibility to put clarity and simplicity into it. I am not naive. You and I may have been collateral damage because of other people’s wrong decisions. And many source of life’s complications today arise out of wrong values and faulty parenting. I once posted this message on my Facebook Page not knowing that it would become one of the most shared posts, eliciting hundreds of comments and earning more than 7,000 likes. The post said: “Many people live dysfunctional lives today because they either are still trying to live up to their parent’s expectations, or are still trying to prove their parents wrong. There were many disagreements, but they were low in percentage to those who agreed with the post. And so people or circumstances that were beyond our control may have complicated our lives. And in many cases, we live in complicated situations because of self-inflicted damages, and then life becomes so difficult. As we all know, there are a lot of creepy people on FB, and there was this guy who kept on attacking me even though I personally do not know him at all. Naturally, I had to tolerate him for the sake of free speech. This person though upped his ploy and began sending comments to others who commented on my posts, complicating the situation. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Read More …
MANILA, Philippines – The Department of Transportation and Communications (DOTC) has deferred anew the bid submission deadline for the proposed P4-billion transportation hub in Taguig City by at least a month to give prequalified bidders more time. DOTC undersecretary Jose Perpetuo Lotilla issued General Bid Bulletin 15 – 2015 informing the prequalified bidders on the changes in the May 18 deadline for the Integrated Transport System (ITS) South Terminal project. “In view of the final clearances that will have to be secured for the project, and in order to give prospective bidders ample time to prepare their submissions, the deadline of submission and opening of bids shall be moved from May 18 to 30 calendar days from the confirmation of the final version of bidding documents,” he said. Lotilla pointed out that the final version of the bid documents approved by the agency’s Pre-Qualification Bids and Awards Committee (PBAC) could be accessed by the bidders in the data room in the DOTC website. The DOTC has already prequalified Ayala Land Inc., Filinvest Land Inc. of taipan Andrew Gotianun, Datem Inc., and MWM Terminals led by Filipino-owned Megawide Construction Corp. for the PPP project last Dec. 10. Earlier, DOTC assistant secretary for legal affairs Jaime Fortunato Caringal issued General Bid Bulletin 12 – 2015 moving the submission date for bid proposals for the Public-Private Partnership (PPP) project to May 18 instead of June 1. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The DOTC earlier deferred the submission of bids Read More …
MANILA, Philippines – The Philippines must come out with a strong and comprehensive national multimodal transport and logistics development plan, if it wants to take full advantage of its economic growth, enhance its position as a transport hub in the region, and position Philippine ports in the global supply chain. According to a policy note released by state think-tank Philippine Institute for Development Studies (PIDS), the Philippines cannot afford another fiasco such as the seven-month truck ban in Metro Manila that cost the economy an estimated P43.85 billion. Traffic congestion, mainly in Metro Manila, results in an estimated productivity loss of around P2.4 billion ($54 million) a day or more than P800 billion ($18 billion) a year, according to a World Bank blog. The PIDS recommends a combination of short-term, medium-term and long-term solutions. In the short term, PIDS said that policymakers could introduce caps, revive the freight operation of the Philippine National Railways (PNR) and establish 24-hour web-based booking system to improve the logistics chain. But these have to be carried out together with a more strategic action, PIDS said. The government must invest heavily in capacity building at the ports and the train tracks, as well as rationalize future port development and investment programs in port infrastructure, said the government think-tank. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The recent PIDS report titled “Port Congestion and Underutilization in the Greater Capital Region: Unpacking the Issues” indicates that among the three major ports in the Greater Capital Read More …
“Confluence” is this year’s theme of the MSAP Media Congress. It stands for “convergence” and “influence.” MANILA, Philippines – In Nick Gabunada’s opening remarks in the biennial Confluence Media Congress 2015, he underscored the need to embrace the media revolution by creating significant shift to cater to consumers’ changing wants and needs for technology. The two-day event by the Media Specialists Association of the Philippines (MSAP), encourages practitioners to reimagine, rethink and reshape the future of media by understanding “confluence,” or by capturing the convergence and influence of media touch points. The Philippine media industry now advances through the use of data and technology. Unlike before, enticing the consumers is not as simple as posting ads on newspapers. One now has to consider embracing platforms across various digital devices. Here are some ideas the media revolution has taught us and ushered in, as mentioned by the speakers in the Confluence conference. Social media is key in tourism promotion. Every Filipino is familiar with the Philippine tourism campaign. “It’s more fun in the Philippines,” the brainchild of of Tourism Secretary Ramon Jimenez Jr. Jimenez said social media is key to the success of the campaign. “It’s more fun in the Philippines started with three versions only, but now it already has more than 178,000 versions, counting so far only those that we have seen,” he said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Because finding a place to visit and booking hotel reservations are just a single click away, domestic travelers in Read More …
Standing in front of the national flag and a portrait of Dr. Sun Yat-sen, the founding father of the Republic of China, Taiwan’s Premier Mao Chi-kuo speaks to the foreign media about Taiwan’s interest in joining the Asian Infrastructure Investment Bank (AIIB) in Taipei, Taiwan, Wednesday, April 1, 2015. AP/Wally Santana BEIJING — China on Wednesday announced the 57 charter members of the proposed Chinese-led Asian Infrastructure Investment Bank, with longtime rival Taiwan left off the list despite expressing a desire to join. Taiwan’s exclusion means it won’t participate in drawing up the bank’s foundational documents and governance rules, although Beijing says the island is welcome to join later. Beijing on Monday indicated that issues surrounding Taiwan’s accession still need to be hammered out, especially the question of what name the island should be referred to by. Asian Infrastructure Bank membership and potential membership.Philstar.com/Ember Edison Prospective Founding Members, or PFM, which signed the memorandum to build AIIB Approved as PFM of AIIB Applying to become PFM of AIIB Application under consideration No commitment to participate Uncommitted Chinese pressure forces Taiwan to participate in international sporting competitions and other events as “Chinese Taipei,” the name suggested by Taiwanese President Ma Ying-jeou when he proposed the island’s membership in the bank. However, Beijing appeared to have rejected that suggestion. Although it has not offered an alternative, China succeeded in 1986 in having Taiwan’s name at the Asian Development Bank changed from “Chinese Taipei,” to “Taipei, China.” Read More …
“The Philippines will hit, in 2015, a ‘demographic sweet spot’ that will approximately last for the next 35 years,” Philippine Ambassador to Singapore Antonio Morales said. Photo shows a street in the Philippine capital of Manila. TPSDave MANILA, Philippines — Philippine Ambassador to Singapore Antonio Morales recently presented facts about the Philippines and overview of the Philippine economy before 40 officials of the Asia-Pacific Economic Cooperation in Singapore. In the April 8 meeting, Morales noted the rapid growth trajectory of the Philippine economy from 2010 until 2014. In his presentation, he emphasized that the country’s economy grew by 6.1 percent, making it the second fastest-growing economy in the region after China. He said various factors which contribute to the sharp growth include the country’s large but young population, the various anti-corruption measures that have been established by the current administration, as well as structural changes taking place in the economy caused by good economic fundamentals. “According to UN population projections, the Philippines will hit, in 2015, a ‘demographic sweet spot’ that will approximately last for the next 35 years. Countries in such conditions post an average yearly growth of 7.3 percent,” cited Morales. The ambassador said that the Philippines “can no longer be labeled the sick man of Asia due to the favorable economic conditions and is now savoring an unprecedented level of confidence from the international economy. “For the first time in the country’s history, the Philippines is ranked investment grade by the major credit rating outfits—Moody’s, Standard and Read More …
Greek flags fly over central Metropoleos square in Athens. AP/Yorgos Karahalis ATHENS, Greece — Greece repaid a roughly 450 million euro ($485-million) loan instalment to the International Monetary Fund due Thursday — easing concerns, for now, of a potential default as Athens faces a cash crunch. The IMF debt stems from Greece’s international bailout, under which the country was extended 240 billion euros in rescue loans from other eurozone countries and the IMF to prevent bankruptcy. Athens’ growing financial problems had renewed fears the country might miss the IMF payment and even have to leave the eurozone. Greece’s new left wing-led government has been locked in negotiations with creditors since winning elections in January on pledges to abolish the deeply resented budget austerity measures required by the rescue program. The creditors are insisting on the reforms, however, and want an agreement on them before they unfreeze Greece’s rescue loans, which have been on hold since August. A last installment of the bailout worth 7.2 billion euros is pending. Finance Minsiter Yanis Varoufakis, speaking at a conference in Paris on Thursday, said Greece was committed to a fiscal plan that made sense, but that the government would not sign a deal just to get the bailout tranche. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The only way I know that you can impress upon the other side of the negotiating process that you mean business, that you want to change the conversation, is by saying: Folks, we are not Read More …