Cashless toll collections to start on December 1

Motorists the usage of toll roads now have over a month to secure their radio frequency identity (RFID) tags after the Department of Transportation (DoTr) extended the cut-off date for the total implementation of the cashless collection machine.

In a announcement on Wednesday, the DoTr said the shift to this machine was moved to December 1 from the authentic November 2 deadline after toll plazas noticed a surge within the quantity of motorists looking to get the RFID tags, ensuing in lengthy queues.


The new closing date "will now not be extended past this date," it added.

Toll Regulatory Board (TRB) Executive Director Abraham Sales stated the extension might "provide motorists more time to conform with the department order and to prevent the lengthy queues presently being skilled at toll roads within the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both prolonged their RFID installation.

In late August, the DoTr issued Department Order 2020-012, mandating the TRB, Land Transportation Franchising and Regulatory Board, and Land Transportation Office to create new methods to make sure operators' swift adoption of cashless toll series.

The branch stated contactless transactions will be carried out within the South Luzon Expressway, Manila-Cavite Toll Expressway, North Luzon Expressway, South Metro Manila Skyway, Southern Tagalog Arterial Road Tollway, Subic-Clark-Tarlac Expressway, Cavite-Laguna Expressway; and all other road networks, inclusive of any extension of the aforementioned expressways that may be built, set up and/or operated as limited-access highway toll facilities.
The Securities and Exchange Commission (SEC) has accredited the public services of two real estate corporations and one creation firm aimed toward raising finances for capital expenditures and projects, amongst others.

In a statement on Wednesday, the SEC identified the offerings because the P30-billion fixed-charge bonds of Filinvest Land Inc., the P5-billion perpetual preferred shares of Megawide Construction Corp. And the P1.4-billion business papers of Cityland Development Corp.

These had been authorised in a assembly on October 27, it stated.

Gotianun-led Filinvest Land will provide up to P6.Seventy five billion worth of 3-yr and five-and-a-half-year bonds — due 2023 and 2026, respectively — with an oversubscription alternative of up to P2.25 billion for the primary tranche.

Pagcor profit plummeted over 97% in 9 months

The Philippine Amusement and Gaming Corp. (Pagcor) noticed its net earnings sink to P132.67 million inside the first 9 months of 2020.

According to the state-run firm's state-of-the-art announcement of comprehensive earnings, the quantity become a ninety seven.32-percent plunge from P4.Ninety six billion within the equal length a year ago.


In a textual content message to The Manila Times, Pagcor Chairman and Chief Executive Officer Andrea Domingo blamed the coronavirus disorder 2019 (Covid-19) pandemic for the reduced profit without elaborating in addition.

Pagcor suspended its regulated gaming operations on March 15 after the authorities declared a public fitness emergency in the us of a because of Covid-19 after nearby transmissions were recorded, more than  months after the first case — a vacationer from the Chinese town of Wuhan, wherein the fantastically contagious ailment first emerged in December — turned into reported.

Luzon became positioned beneath superior community quarantine two days later to comprise the unfold of the coronavirus, which has claimed extra than 7,100 Filipino lives as of Wednesday.

Pagcor's general profits net of gaming taxes and contributions settled at P16.07 billion in the first 3 quarters, 45.26 percent smaller than the P29.36 billion a year in advance.

In a breakdown, income from gaming operations slipped by means of -fifty nine.Ninety six percent to P22.32 billion from P55.Seventy six billion a 12 months ago.

Earlier, a Pagcor respectable attributed the lower gaming sales to the subdued profits of Philippine offshore gaming operators (POGOs) and their service companies.


According to Jose Tria, Pagcor assistant vice chairman for offshore gaming licensing, the company's monthly regulatory charges of round P600 million a month have been slashed by means of almost half of after best 32 out of 60 POGOs had been allowed to renew operations, but on 30-percent capability.

Pagcor's profits from different associated services hit P601.11 million in January to September, a 46.06-percentage plunge from P1.11 billion a year earlier.

Other income reached P4.86 billion within the length, up 176.Fifty four percent from P1.Seventy six billion a yr in the past, whilst  general expenses reduced by way of 34.73 percentage to P15.91 billion from P24.3 billion.

DA: More pork to be shipped to Luzon this week

The Department of Agriculture (DA) and representatives of the united states of america's hog industry agreed to boom shipments of hogs and "pork-in-a-container" from the Visayas and Mindanao to address the low deliver and artificially high charges of the commodity in public markets in Metro Manila and different components of Luzon.


In a digital meeting between DA officials and major hog producers, Agriculture Secretary William Dar stated the accelerated shipments could begin this week.

"We will increase our partnerships with hog producers and buyers, deliver owners and operators, and local authorities officials in [the] Visayas and Mindanao to deliver Metro Manila and Luzon with hogs and frozen red meat, and in the end deliver down fees for the advantage of consumers," Dar stated in a announcement on Tuesday.

The weekly shipments might be expanded to between 27,000 and 30,000 hogs from the ports in Davao, General Santos and Cagayan de Oro cities beginning next week till December.
During the meeting, it become mentioned that San Miguel Corp. Objectives to growth shipments of "pork-in-a-container" from Mindanao to four container vehicles or 48 metric tons (MT) every week. Each van carries 12 MT of frozen hog carcasses.

DA local administrators inside the Visayas said stay hogs might additionally be shipped from Cebu, Iloilo and Leyte provinces.

Dar said their collective efforts could enhance the dwindling supply of pork in Luzon, which resulted from the depopulation of hog farms there that had been hit with the aid of the African swine fever (ASF).

"This is a problem of logistics — together with sourcing, distribution and advertising — which we will address without difficulty. All we ask is the total cooperation of key players within the complete hog enterprise value chain," he delivered.


The Agriculture chief stated he had sought the assistance of Transportation Secretary Arthur Tugade to coordinate with transport organizations to growth the variety and frequency of vessels plying the routes from Cagayan de Oro, General Santos and Davao, and different primary ports within the Visayas and Mindanao sure for Manila and other ports in Luzon.

According to him, pork fees in choose supermarkets in Manila are currently plenty decrease than those in moist markets.

Semirara Mining income tumbled 64% in Jan-Sept

Listed Semirara Mining and Power Corp. Reported on Wednesday that its net earnings after taxes fell to P3 billion in the first 9 months of 2020 on reduced coal costs and volumes.

In a disclosure, the Consunji-led included strength corporation said the quantity become a sixty four-percentage lower from P8.2 billion within the same length a yr in the past.



For the third quarter by myself, internet profits dived by way of 71 percentage to P7.Five million from P2.Fifty eight billion remaining 12 months.

Semirara Mining attributed the reduction inside the July-to-September income to the "further decline in coal export charges and decrease coal quantity bought."
Coal sales dropped through 30 percentage to eight.4 million metric heaps (MT) in January to September from 12.1 million MT, whilst center income of the firm's coal phase fell by using 57 percentage to P3 billion year-on-12 months.

The powerful composite average coal fee also decreased by way of 20 percentage to P1,712 in line with MT from P2,133/MT.

"Coal production is not considerably affected by the Covid-19 pandemic, as it published 10.Nine million MT from 12 million MT produced at some stage in the identical period ultimate 12 months with [a] 9-percent drop yr-on-year," Semirara Mining stated.

Meanwhile, subsidiary Southwest Luzon Power Generation Corp. Noticed its middle earnings sink by way of 111 percentage to -P0.23 billion from P2.08 billion year-on-12 months.


Total energy offered decreased by means of 23 percent to one,half gigawatt hours (GWh) from 1,357 GWh in 2019.

Composite common charge is at P2.Seventy nine according to kilowatt hour (kWh) in 2020 from P4.15 consistent with kWh in identical length closing 12 months.

Another unit, Sem-Calaca Power Corp., noticed its core income surge through 120 percent from -P0.88 billion to P0.17 billion after finishing its lifestyles extension software.

Its internet energy technology rose via 139 percent to two,310 GWh from 968 GWh a yr earlier.
Total energy offered reached 2,146 GWh, up 56 percent from 1,380 GWh.

Semirara Mining shares lost 92 centavos or 7.89 percent to shut at P10.74 each on Wednesday.
Listed Union Bank of the Philippines (UnionBank) saw its net income dip to P8.Five billion inside the first 9 months of the year on large mortgage loss provisions.

In an October 23 statement that become launched on Wednesday, the Aboitiz-led lender stated the quantity changed into 0.Nine-percent lower than the 12 months-earlier determine.

For the 0.33 zone alone, UnionBank's net income turned into P4.2 billion, an 11-percent growth from the 12 months-ago quantity.

The financial institution said the nine-month determine "already consists of the tremendously excessive provision for mortgage losses, which could result from the Covid (coronavirus disorder) disaster, that it set aside in advance this year."
Revenues in January to September grew by way of 33 percentage 12 months-on-year to P31.Eight billion as net hobby income stepped forward with the aid of 36 percent to P21.4 billion "from the continuing boom of incomes property and higher margins compared to the equal duration remaining year," it added.

Non-hobby earnings extended by means of 26 percentage to P10.4 billion, which UnionBank traced to better buying and selling gains.

Total deposits jumped 29 percent yr-on-year to P539.9 billion.

Net hobby margin for the first 3 quarters picked up by means of 92 foundation factors to 4.6 percent, which the lender attributed to the 33-percent year-on-yr increase in contemporary account and savings account deposits and lower investment cost.


As of September 30, belongings have been at P758.Zero billion, 11 percentage wider than ultimate 12 months's quantity.

Despite the modern-day weakened state of the economy, the financial institution stated its state-of-the-art monetary results proved its fulfillment in digitizing the entire organisation to the core and efficaciously "destiny-proofing the commercial enterprise" by giving it agility and scalability inside the face of main disruptions, consisting of the pandemic.

"We took it to heart and embarked on a project to transform our bank to be aggressive within the [Fourth] Industrial Revolution through becoming virtual to the center," Edwin Bautista, UnionBank president and chief executive officer, become quoted as saying inside the declaration.

"We might also now appear to be a one-of-a-kind bank, however our motive remains the equal: to elevate lives and fulfill goals, with the goal to co-create innovations for a better world," he introduced.

UnionBank shares accelerated by 2 centavos or zero.36 to close at P55 each on Wednesday.

The Democrats will have as many as 265 seats

PiS 29%, Ko 23, Poland 2050 as much as 20 percent - these are sensational results of the Ipsos survey for Oko press. In such a Sejm, only a coalition of co, Poland and the left could rule-it would have 265 seats. Pis even with the Confederation-only 194.

Look who's voting for Kaczynski.

The results of the Ipsos survey for Oko, which ended on Wednesday, November 25. the press clearly confirms that there is a rapid change in the political landscape. Sensational is the best result of the formation of Shimon Kholunya in the polls of reputable studios-20 percent, barely 3 percentage points. for KO and 9 points for the boy. All this is due to the deterioration of the economy, among other things. In connection with the quarantine, the question of work is acute,and many move to the online sphere, knowing that you can earn additional income, as deltamarket broker does  many professions in connection with the pandemic were called into question.

The more conservative Poland of 2050 strikes at the bastions of Ipr in rural areas and in groups of less educated people.
if these were the results of real elections the sejm would include the five winning parties:

Pis-161 seats, 72 less than now (according to the Sejm);
Ko-120, 14 less;
Poland 2050-103;
Left-42 6 less;
Confederacy-33, 22 more.
the psl coalition with kukiz ' 15 will not enter the sejm, currently it has 30 seats.

The Sejm elected today would look like this:

With this state of political sympathy, the PiS will lose its majority in the Sejm, even with the Confederation it will have only 194 seats. Only an opposition, pro-democratic trio could rule: the coalition, Poland and the left. Its majority will be solid-265 seats. To overcome the president's veto-and Duda will rule until 2025-you need 276 votes.

In the last two polls of the well-known Kantar, the results were similar, only in our country the PiS is slightly stronger, and the Holovnya party is much better. But Ko's rating is slightly weaker.

Political history 2016-2020 See her like in a movie

On a special "rolling chart" , we show the ratings of the five main political forces in the Ipsos poll for Oko. press since the creation of our portal in June 2016. We also present the results of the Seimas elections in 2015 and 2019 (by hovering over the graph of this party, you can also see its Solo ratings).

The last two polls feature Poland 2050, whose candidate won 13.9 percent of the vote in the 2020 presidential election. The cavalry formation is better now.
for ko, this is the second-worst result in our polls (and 3 points less than in the 2019 election). After the PiS victory in 2015, the amount of quotes then was powerful .the liberal opposition took advantage of the outrage caused by the ipr's attack on the constitutional tribunal.

After the disastrous "trip to Madeira" Ryszard Petru ratings .n dropped three times, and the duo after+.N in 2018 and 2019 stabilized at the level of 25-27 percent. (the jump in may 2019 is a measurement of the european coalition involving the sld and psl).

Holovni's movement received a certain amount of support in April 2020, but since then both groups have gained 6-7 percentage points each. each.

The result of the left is slightly lower than the 2019 elections (12.6%) and pre-election polls, which gave it as much as 15%.

And vice versa, with the confederation: the polish jobbik notes a steady slight increase, in the 2019 elections they had 6.8%., the same amount was won by krzysztof bosak in the presidential election.

BSP to soft launch debt papers in Q1

The Bangko Sentral ng Pilipinas (BSP) is seeking out a gentle launch of its maiden debt paper presenting inside the first quarter of the year, its chief stated.

"We may have a soft launching through first region and we can launch it formally inside the 2nd area this year," BSP Governor Benjamin Diokno advised newshounds all through the primary GBED Talks press chat held past due final week.

The critical bank's authority to problem negotiable certificate of indebtedness even at some stage in ordinary onlinemarketshare scam  instances become restored by means of Republic Act (RA) 11211.

Signed into regulation in February this 12 months, RA 11211 amended RA 7653 or the "New Central Bank Act of 1993."

Prior to the change, Bangko Sentral debt services have been best allowed at some point of cases of remarkable price movements.

"For the first quarter, we can conduct a market sounding exercise so we are able to be discussing with counterparties the features of the new securities and simply to get an idea on their possibilities," BSP Department of Economic Research Director Dennis Lapid, meanwhile, stated.

Earlier, Diokno mentioned that the tenor for the imperative bank debt papers may be brief-termed.

"Shorter than T-bills. Probably 60 days, however we are able to actually consider the alternative tenors," he stated.

Based on the amended central financial institution charter, "the Monetary Board shall determine the hobby costs, maturities and other characteristics of stated duties of the Bangko Sentral, and can, if it deems it recommended, denominate the responsibilities in gold or overseas currencies."

Former BSP Deputy Governor Diwa Gunigundo has stated critical bank services will now not compete with the country wide government's debt issuance.

"Far from it. We realize, we understand, that the issuance of the vital financial institution payments or bonds must not compete with the treasury," he stressed. "So even in case there's a want, allow's say, to difficulty lengthy-dated securities, it have to be one-off."
The benchmark Philippine Stock Exchange index (PSEi) will in particular be tracking the file on fourth-sector gross home product (GDP) growth this week.

"We're watching for a sideways motion with an upside bias because of the approaching launch of Philippine GDP information for 2019, given our forecast of 6.Four-percentage increase in Q4 (fourth sector)," Philstocks Financial Inc. Studies associate Claire Alviar stated.

The Philippine financial system grew by 6.2 percent within the 0.33 sector of the year from 6.0 percent a 12 months ago, pushed by means of boom in government spending and consumption.

"If the GDP information for the fourth area comes around our expectation, it'd lift the bourse," she said.

But Alviar burdened that the 7,900 resistance degree would not be breached until GDP registers better than expectation or at the least the decrease give up of the authorities's goal.

Last week, brokerage company 2TradeAsia mentioned that the Taal volcano eruption "saved buyers on tentative notice," dismissing the signing of the USA and China's section one deal on January 15.

"Taal's incident may also have taken some aback, but it is worthy to observe the Philippines controlled to survived this onslaught," it stated.

"This ought to come to fore when the dust settles, and prod buyers to start repositioning on Filipinos who have long gone via the direction of healing," it brought.

2TradeAsia pegged the on the spot aid at 7,six hundred mark and resistance inside 7,850 to 7,950 stage.

On Friday, PSEi added zero.Ninety one percentage or 69.40 points to end at 7,722.58 while the wider All Shares inched up 0.Forty five percent or 20.19 factor to finish at four,551.19.

Computations

Computations

To show why public investors have did not select a director or  to the board of Jolliville, Due Diligencer did a few computations.

It could not be true, as Jolliville confirmed in its POR, that its public stockholders owned 34.24 percent of the organization’s 281.Five million excellent stocks. The facts within the business enterprise’s GIS showed only 33 stockholders as owners of 280.224 million JOH stocks, which represent ninety nine.5 percent of wonderful stocks.

Subtract one hundred seventy five.799 million JOH shares, the quantity of stocks held by using most people owners and affiliates indexed in Jolliville’s POR, from 280.224 million JOH stocks held by 33 stockholders inside the GIS and you get 104.424 million shares, or 37.096 percent.

Deduct again 50.016 million JOH stocks held by means of most people proprietor’s pals from 104.424 million JOH stocks, and the distinction of 54.408 million JOH stocks, or 19.328 percentage, belong to different bigger shareholders together with the proprietors’ allies.

Due Diligencer is not attributing to the public the ownership of 104.424 million JOH stocks, or 37.096 percent, which would too huge to be believed. Rather, these had been held – and nevertheless are held – by affiliated stockholders as shown in Jolliville’s list of pinnacle one hundred stockholders.

The public will definitely be puzzled by way of the confusing presentation of the ownership of stockholders in Jolliville’s top one hundred listing, its GIS and POR.

JOLLIVILLE Holdings Corp. (JOH)

JOLLIVILLE Holdings Corp. (JOH) stated in a popular records sheet (GIS) that as of June 2016, it had 33 Filipino stockholders and one foreigner who owned 280.224 million stocks and 1.276 million shares, respectively.

It also stated its total 34 stockholders owned 281.5 million stocks, which represent the corporation’s incredible shares out of one billion in legal capital stock.

The lone foreigner who owns 1.276 million JOH shares, or zero.45 percent, become now not recognized. His/her Jolliville shares were held by means of PCD Nominee as file stockholder.

Due Diligencer checked the data towards Jolliville’s public ownership document (POR) which listed Elgeete Holdings Inc. As main stockholder, with one hundred twenty five.784 million JOH shares or 44.Sixty eight percent of the entire. Four of Jolliville’s pals held 50.016 million JOH stocks, or 17.76 percent.

A POR suggests the quantity of shares that public investors own. In the case of Jolliville, it credited the public with
ninety six.392 million JOH stocks, or 34.24 percent. That share should make Jolliville greater public than others.

Ironically, while the holdings of Jolliville’s public stockholders may be taken into consideration large, these did no longer, and nonetheless do no longer, translate to club in the employer’s seven-character board. Instead, their seats had been allocated to two impartial directors, particularly Dexter E. Quintana and Sergio Ortiz-Luis.

By the way, as a listed employer, Jolliville, which owns some of gentlemen’s golf equipment, become registered on Sept. Three, 1986 with the Securities and Exchange Commission. It could not have acquired SEC approval had it honestly copied the call of Jollibee Foods Corp., the homegrown fast meals chain.

Agriculture Secretary Emmanuel Piñol

Agriculture Secretary Emmanuel Piñol proposed before the United Nations the established order of a global meals bank to arrest the worsening range of hungry humans in the global.

In his assertion for the duration of the fortieth Food and Agriculture Organization (FAO) Session Conference in Italy, Piñol said that the meals financial institution could act as a “particular financial institution” in which agricultural merchandise could be deposited and loaned out to nations tormented by food shortages and famine.

“The concept of the World Food Bank isn't always a brand new as this changed into already discussed inside the past but it turned into officially supplied to the Plenary of the fortieth Session of the FAO the day before today as the world’s leaders raised alarm over the increasing variety of hungry human beings in the global,” the DA leader said.

He said that the world meals financial institution will now not best make sure that commodities produced in extra by means of a country might no longer visit waste as a result making sure that the farmer will make money from his undertaking. It can even substantially make a contribution to the FAO’s vision of 0 hunger.

Under Piñol’s notion, any u . S . Generating a food commodity in extra, like wheat, corn, cassava or rice, may want to publish their excess products stock to the arena food financial institution.

“For example, Filipino farmers who're producing cassava and corn in extra of what the Philippines desires, could be confident of ready marketplace for his or her merchandise,” he stated.

In a Facebook put up, Piñol claimed that the concept is gaining interest from exclusive businesses, which see plenty of blessings, both for the meals producing u . S . And the international locations suffering from food shortages.

“FAO Secretary General Louis Gagnon has promised to refer the concept to the technical people of the Organization who might provide flesh to the specific concept,” the Agriculture Secretary said. “Switzerland Ambassador Bernard Lehman referred to as the concept ‘thrilling’ and said he could check out it and offer comments to the Philippine delegation.”

There are severa approaches on how

There are severa approaches on how synergy may be achieved thru central statistics fashions. One apparent advantage is the opportunities created to cross-promote to group clients across companies via a loyalty program.

Examples of loyalty packages are Ayala Corporation’s Ayala Reward Circle (ARC) and SM’s SM Advantage Card. Such packages are also great platforms for commercial enterprise development via constructing a robust lead listing for a fast and successful release in new ventures.

Moreover, thru club loyalty applications, purchaser pride and experience are enhanced by presenting unique treatments to loyal clients of a conglomerate company, say, a telco, while she or he visits a sister organisation financial institution. This may additionally are available terms of priority lanes for transactions, and special reductions on sister agency’s merchandise.

Another fee of primary information version for synergy is to facilitate making selections on in which to position investments in phrases of recent branches. This is achieved thru analytical gear to create socio-geo mapping, that is, customer conduct and patterns, blended with provincial monetary and third-party facts to show the propensity of foot site visitors or buy.

Data as the new source of synergy in conglomerates is an rising fashion within the u . S . A ., as part of the conglomerate’s pass in the direction of digital transformation. Central facts hubs are simpler to put into effect these days than inside the beyond, due to faster-to-set up and pay-in line with-use cloud fashions. But it’s now not with out its attendant demanding situations, such as cleaning records and enduring satisfactory facts, compliance to the Data Privacy Law, and growing a statistics subculture throughout the organizations.

In the Philippines, “Ayala’s businesses

In the Philippines, “Ayala’s businesses draw electricity from synergy…created through effective institutional partnerships,” in line with the agency internet site. Furthermore, “Ayala and its partners had been capable of leverage their understanding, resources, abilities and purchaser bases for his or her mutual gain, with outcomes often exceeding the sum of its components.”

SMIC, on the other hand, is leveraging synergies throughout all business devices via serving clients properly and innovation, in line with its internet site.

But conglomerates are going through grave threats from extra progressive and nimbler tech companies and begin-ups, such as those in e-commerce and fintech area. That’s why increasingly more, conglomerates are locating new sources of synergies from one among its the maximum precious resources, this is facts. When such records is accumulated from throughout all institution corporations into relevant statistics fashions, in particular an company statistics hub, then organized and analyzed for distribution and sharing, it becomes a effective source of synergies to facilitate institution-level knowledge of customers’ shopping for styles and opportunities. These, however, ought to follow the Data Privacy Act, which stipulates consent from customers earlier than their information is used.

According to management consultancy company Forte Consultancy, “diverse main companies in North America and Europe, which include RBC Canada, Hilton Hotels Corp, and Harrah’s, have been the usage of imperative records fashions to facilitate sharing and utilising patron information compiled from all character enterprise strains and group companies for years, and feature found out handsome returns for their investments. The idea has stuck on inside the Middle East greater these days; one nearby conglomerate attributed over $500 million of its sales earned during the last  years to the use of its primary facts mart, leveraged through its organization loyalty application.”

SM Investments Corporation (SMIC)

SM Investments Corporation (SMIC) recently received a sizable stake within the Philippines’ biggest logistics company 2GO Group Incorporated, intensifying the brand new area of opposition many of the united states of america’s conglomerates – logistics. This flow is a part of SMIC’s approach to cope with the emergence of e-trade, that is a brewing danger to the mall’s foot traffic, on the identical time a real possibility to diversify channel.

Ayala Corporation, SM’s mall rival, has additionally made its personal foray into e-commerce with the acquisition of on line fashion platform Zalora, in a comparable bid to create online and offline retailing synergies.

Synergies were the road of defense of conglomerates throughout, along with that inside the Philippines. Coherence of a few middle competencies across numerous product line entities and bringing them to large scale are the essence of successful synergies in conglomerates, as posited by using Leinwand and Mainardi in a 2012 Harvard Business Review article.

Every successful conglomerate we know of — GE, Honeywell and Tata — because the authors referred to, has prospered by using applying such essential abilties to all the disparate parts of the business enterprise. As an example, “GE has its strengths in the control of huge-scale industries. Tata, which operates in very diverse companies as cars, electric powered electricity technology, tea, IT services, and tableware, has a different managerial method, grounded in its history of frugality and its philanthropic aspirations.”

And Bhoochetana isn't

And Bhoochetana isn't always even rocket technological know-how; as a substitute it's also a device of precision agriculture. Its implementation may also be progressed, like within the Philippines, via a strategy referred to as “Digital Agriculture” which has three most important components: using ICT for the effective delivery, tracking and statistics dissemination to reap the impact of a application; agromet advisory services; and GIS-based totally licensed land titles.

As I actually have stated commonly in my columns, India’s rainfall is simplest a 3rd of the Philippines at 700 millimeters annually. So that still supplied a superb task to ICRISAT and DA-GoK from the onset of the Bhoochetana application in Karnataka; but we succeeded!

So does that mean that a Bhoochetana-based totally software within the Philippines can have a higher risk of succeeding?

Read my subsequent column as I will talk the Yamang Lupa application that turned into patterned after the Bhoochetana application of Karnataka.

PSEi rises on likely lockdown easing

The stock market continued to post slight gains on Thursday after investors were encouraged by the growing likelihood that the government would ease the modified enhanced community quarantine it imposed on Metro Manila next month.

The benchmark Philippine Stock Exchange index (PSEi) climbed by 0.84 percent or 46.44 points to close at 5,570.22, while the wider All Shares improved by 0.59 percent or 19.54 points to finish at 3,348.66.

Diversified Securities Inc. trader Aniceto Pangan said the recommendation of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases’ to place the country’s capital under general community quarantine boosted investor sentiment.

He explained that the move somewhat broadened the reopening of the economy, prompting fresh bargain-hunting.

“Still, net foreign selling [was] at more than P478 million, and [with value transactions] only at P4.471 million, [which is] below [the] average, [this indicates] that most investors are [still] on [the] sidelines,” Pangan said.

Philstocks Financial Inc. research associate Japhet Tantiangco, meanwhile, attributed the market boost to “investors’ hopes that the government would take a more balanced approach with respect to the quarantine measures to be implemented after May 31 — one that would allow more economic activities without compromising our health as much as possible.”

The local bourse also took cues from Wall Street’s rally overnight amid optimism about the reopening of economies around the world, he added.

On Wall Street, the Dow Jones, S&P 500 and Nasdaq rose by 2.21 percent, 1.48 percent and 0.77 percent, respectively.

Asian markets remain mixed, with Tokyo up 2.32 percent, Shanghai climbing by 0.33 percent, Jakarta improving by 1.46 percent, Bangkok inching up by 0.03 percent and Ho Chi Minh adding 0.46 percent. Hong Kong fell by 0.82 percent, Seoul slipped by 0.13 percent and Singapore shed 0.02 percent.

In Manila, most sectors closed in the green, with financials leading at 2.69 percent. Mining and oil and industrial shed 1.07 percent and 0.13 percent, respectively.

Total volume turnover was at 2.8 billion shares, valued at P4.5 billion.

Advancers edged out decliners, 113 to 75, while 39 securities remained unchanged.

State-run Home Development Mutual Fund (Pag-IBIG Fund) said on Thursday it had more than enough liquidity to provide much-needed loans for its members during the coronavirus disease 2019 (Covid-19) pandemic.

During The Manila Times’ “Business as Usual Under the New Normal” online business forum
on Thursday, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti said “we expect a huge number of our members to go [to] our branches to avail [themselves] of calamity loans when this MECQ (modified enhanced community quarantine) is lifted in Metro Manila.”

The modified version of the lockdown that has been imposed on the National Capital Region and other parts of the country since mid-March is expected to end on Monday.

According to Moti, Pag-IBIG Fund has increased its budget for calamity and multipurpose loans to P60 billion, which are “more than enough” to address the surge in loan availments.

Pag-IBIG Fund can also tap its P65-billion total https://signal-means-profits.com/finanse/the-economic-problem-of-social-inequality.html investment fund, which are mostly placed in government securities, he said.

Moti also said members’ contributions, which would be remitted by employers, would also boost his firm’s liquidity.

“As a preventive action, [I asked] our finance and treasury…to hold on to cash and near cash in the meantime, knowing that there is going to be a huge demand from our members. So we’re pretty good in terms of liquidity,” he added.

As of the end of 2019, Pag-IBIG Fund has 14.69 million active members. Collections from them, however, reached only P12.71 billion in the first quarter of the year, 1.08 percent short of its target of P12.85 billion for the period.

Latest data also showed that in April alone, collections dropped by 68 percent to about P920 million.

The Pag-IBIG Fund chief said the firm would retain its current interest rates on loans as long as it does not see the need to borrow.

“In 2018, we announced the lowest [interest rate] at 5.375 percent with [a] 3-percent subsidized rate for minimum-wage earners, so that’s below market,” Moti added.

“Rates for [the] Pag-IBIG Fund will remain for as long as we don’t borrow from the market. And based on our projections — we just finished our stress test — we won’t borrow this year, so that’s a good thing.”

Last year, Pag-IBIG Fund posted a record-high P603.39 billion in total assets.

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The envisioned prices for Subic-Clark Railway Project and BGC-Ninoy Aquino International Airport phase of the Metro Manila Bus Rapid Transit-EDSA are but to be determined by using the authorities.

Of the 25 projects for feasibility take a look at guide, seven have a total indicative value of $1.12 billion or P56.27 billion. These are North Luzon Expressway East, Panay-Guimaras-Negros Island Bridges, Agus 6 Unit 4 Major Rehabilitation, Pulangi 4 Selective Dredging Phase three, and Balo-i Plains Flood Control, Pasacao-Balatan Tourism Coastal Development Program and Camarines Sur Expressway.

Still to be decided are the charges for the feasibility research of Subic-Clark Railway Project, Davao City Expressway Project, BGC-Ninoy Aquino International Airport section of the Metro Manila Bus Rapid Transit-EDSA, Ambal-Simuay Sub-Basin of the Mindanao River Basin Flood Control and River Protection Project, Bohol-Leyte Link Bridge, Camarines Sur Catanduanes Friendship Bridge, Dinagat (Leyte)-Surigao Link Bridge, Luzon-Samar Link Bridge, Mindoro-Batangas Super Bridge, Negros-Cebu Link Bridge, Pasig River-Marikina River-Manggahan Floodway Bridges Construction Project, Aqueduct No. 7, Ipo Dam No. 3, Agus three Hydroelectric Plant, Rehabilitation and Upgrading of all Agus-Pulangi hydroelectric plant units, Sustainable Bicol River Development Program and Formulation of a Master Plan on Tunnel Projects inside the Philippines. The Philippine financial system is expected to continue developing this year and offer possibilities for investors despite the volatility in international markets and politics, Manulife Philippines stated.

In a assertion on Wednesday, the economic services company said it expects the Philippine financial system to sustain its strong overall performance from 2016 and hold its upbeat financial momentum this 12 months.

Manulife Philippines Chief Investment Officer Aira Gaspar expects larger infrastructure spending and co-investing initiatives with private capital to continue inside the usa.


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“This will generate fine multiplier results on employment, manufacturing, retail exchange and productivity,” she said.

“We are going to post to the NEDA Board for records and ability approval later the list of as many as
55 flagship projects,” NEDA Secretary Ernesto Pernia informed reporters in an interview overdue Tuesday.

Pernia stated projects are “catalytic” or some thing with the intention to generate and encourage other traits within the united states of america.


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NEDA Director Jonathan Uy said 31 of the 55 projects have an indicative value of P1.2 trillion.

“The relaxation are the larger tasks. The ones to be able to be connecting the archipelago like bridges and different major city developments,” he said. These initiatives do no longer but have an indicative price.

“These flagship tasks are the things that we're dedicated to finish or ground-damage inside this management to fulfill the infrastructure goal,” Pernia referred to.

The Duterte management targets P8 trillion to P9 trillion of infrastructure spending all through its six-12 months term.
Uy showed that covered within the flagship initiatives are the ones pitched by means of the government for Chinese financing. “It is protected, as well as those pitched to Japan and other multilateral companions,” he said.

NEDA files showed forty projects shape a part of the six-12 months development program underneath Philippine-Chinese economic cooperation settlement. Thirteen out of 15 projects for mortgage financing have a complete indicative fee of P102 billion. These are Chico River Pump Irrigation Project, New Centennial Water Source, North-South Railway Project, Rehabilitation/Improvement of the Zamboanga Fish Port Complex, Mindanao Railway Project, Nationwide Fish Ports Project, Ilocos Norte Irrigation Project, Regional Fish Port Project for Greater Capital Region, Gregorio del Pilar Impounding Project, Tamauini River Multipurpose Project, Panay River Basin Integrated Development Project, Asbang Small Reservoir Irrigation Project and Bohol Northeast Basin Multipurpose Dam Project.

One proper step is for agricultural research to be increasingly more accomplished through public-non-public-farmer alliances. From what I have visible inside the Philippines, R&D establishments within the government generally take the “lead” in studies and era development. R&D establishments forming partnerships with farmers had been constrained up to now, while cooperating with the private zone is perceived as inappropriate due to the earnings purpose of personal corporations.

But I also accept as true with private companies are interested by task R&D projects with the government if the goal is to sincerely assist small holder farmers. Also, the private zone also holds in high esteem authorities R&D experts and might be very inquisitive about cooperating with them. In fact, many top R&D professionals inside the non-public region began their careers with a central authority group.

Eventually, all new partnerships have to make sure that each one stakeholders, particularly the poor, benefit via assuring access to propriety technologies and approaches, and maximizing the usage of improvements together owned with the non-public sector.

Equally vital is partnering with farmers for R&D sports to bridge the distance among researchers and those who till the soil. You would truly be surprised as to how tons farmers can supply in terms of research inputs, like what I actually have skilled when I led ICRISAT for 15 years till 2014.

With strengthened partnerships among researchers and farmers, innovations can attain the farmers quicker and in a more systematic way. So a ways, the conventional extension version has validated to have shortcomings in making improvements or even basic medical studies reach the farmers. Why? Because R&D outputs advanced from the pinnacle-bottom method commonly end up in cabinets of research establishments normally because the wishes of the smallholder farmers have been by no means understood fully or in part from the start of research sports.

In the subsequent part of this series, I will speak, among others, the “lab-to-land” technique in getting innovations to smallholder farmers. THE Duterte management is eyeing to complete or destroy floor for at least 55 flagship projects by way of the give up of its time period in 2022, the National Economic and Development Authority (NEDA) stated.

But in order for farmers to earn more, they should be connected to markets each local and export, and also for uncooked and processed merchandise. And if feasible, farmers have to be assisted in bypassing the layers of middlemen.

Eventually, prepared farmers who earn greater can adopt measures to make their farms greater resilient to the consequences of weather exchange. This paves the manner for resiliency. Among the steps they could take is planting cash plants that help test soil erosion and act as windbreakers for smaller and greater vulnerable vegetation, and investing in centers like small water impounding structures so water might still be available during the dry season.

Another device to initiate more innovation in agriculture is Agribusiness Incubation (ABI), that is a derivative of Technology Business Incubation (TBI) this is broadly implemented in numerous industries wherein there may be an abundance of technology, and research and improvement (R&D).

Based at the enjoy of International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) and India’s Department of Science and Technology, ABI is extra than just forming a business company and producing technology; it is approximately empowering small holder farmers via innovation.

Here are the components of ABI: Technology consulting that lets in the taking part establishments to identify or maybe increase the technologies farmers and stakeholders need in cost adding or increasing farm manufacturing; capacity building and education to ensure farmers and stakeholders advantage the specified know-how on technologies and the way to run effectively a business organisation; and get entry to to funding that no longer handiest covers credit however also possible capital infusion via individuals or task capitalists.

ABI also includes business facilitation normally concerning linking organisations to markets; and infrastructure and centers relating to the establishment of R&D facilities for farm technologies, bodily facilities like school rooms to train farmers and stakeholders, and workplaces for the lead agencies concerned within the ABI mission.

I gathered that the Department of Agriculture’s Bureau of Agricultural Research (BAR) headed with the aid of Dr. Nicomedes Eleazar shall soon institutionalize a application on agribusiness incubation.

Finally, there's a want to incubate incubators, or for national and global establishments to create entities as a way to harness era and entrepreneurship to empower smallholder farmers or even agribusiness corporations.
Institutions must additionally do their part in innovating, with a view to end up extra relevant to the desires of smallholder farmers.

For example, the country wide average for rice and corn is 4 tons according to hectare while it's miles 7-8 tons/ha for improved and hybrid varieties for each vegetation. In the case of coconut, the national average is 45 nuts consistent with yr, which could be very low in comparison to 60-150 nuts/year for improved and hybrid sorts.

But must farming in the Philippines be mostly about the rice, corn and coconut which are planted in over 80 percentage of farms in the usa? Why no longer diversify to greater profitable vegetation?

When I say diversification, I do now not suggest we abandon rice, corn, or maybe coconut manufacturing; what we must do is to plant high-price agriculture and convert to multi-cropping structures on lands in which rice farming is least effective.

Specifically, less effective upland and rainfed lowland rice farms will be transformed to the growing of better cost greens, fruits, ornamentals and industrial tree vegetation like espresso, oil palm, rubber, cacao, and hybrid coconuts.
Meanwhile, there should be similarly production intensification and mechanization in fantastically efficient irrigated rice lands to force down prices.

The shift to high-price agriculture, but, have to guarantee farmers that additionally they obtain monetary rewards due to the fact inside the Philippines, it's far not unusual to look buyers and processors earning tons, a good deal more than the farmers themselves. This is where the IMOD framework turns into vital.

IMOD stands for Inclusive Market-Oriented Development wherein the real wishes and choices of farmers are understood; research is generated for services and products that harness the power of the markets; and research-for-development as a long-time period continuum is recognized.

IMOD also has four key phrases: innovation, inclusiveness; markets; and resiliency.

Innovation takes when farmers broaden extra products from uncooked farm produce, and even plant other vegetation that may be processed into greater completed products.

Inclusiveness is ensuring that farmers get their fare proportion of the end result of production. This may be finished if farmers organize themselves into agencies or companies that will optimize manufacturing by using pooling their sources to undertake mechanization and other farming technologies. More importantly, the corporations or businesses can grow to be profitable enterprise entities that could have a stronger bargaining power whilst dealing with processors and traders.

Gaspar said the Philippines has sound macroeconomic footing, with its healthy forex reserves and domestic-pushed financial system cushioning the us of a from outside headwinds.

She expects the relevant bank coverage to live accommodative during 2017, given a conceivable inflation outlook and the positive monetary boom momentum.

“In addition, our sufficient home liquidity mitigates the risk of an abrupt rise in nearby government bond yields,” she said.

Manulife expects remittances from Filipinos working and dwelling overseas and sales of the commercial enterprise process outsourcing enterprise to aid domestic intake and home liquidity.

These elements, coupled with supportive structural reforms, would force more potent corporate income and create new catalysts for Philippine equities, Gaspar said.

Citing the Manulife Investor Sentiment Index (MISI) survey, she said ninety two percent of buyers within the Philippines anticipate the subsequent six months to be “neutral” to a “good time” to invest in equities. The Department of Finance (DoF) on Wednesday said it is exploring the opportunity of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain for remote places Filipino employees (OFWs) and to facilitate change and investment with Manama.

In a statement, Finance Secretary Carlos Dominguez 3rd told contributors of the Bahrain Chamber of Commerce and Industry (BCCI) he'll advocate to President Rodrigo Duterte to don't forget such opportunity, in addition to agenda a presidential visit to the Persian Gulf kingdom, in which as many as 100,000 Filipinos live and paintings.

“We are in the meanwhile changing and acquiring a bank to be a subsidiary [of LandBank] to offer for the wishes of our distant places workers. I will in reality endorse the President to make certain he visits Bahrain and look into the possibility of organising a bank there for ease of doing business between us,” Dominguez become quoted as saying in his recent assembly with BCCI members.


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Dominguez additionally chairs the LandBank Board.

The government plans to accumulate and convert the Philippine Postal Bank right into a LandBank subsidiary, as a way to be partially owned through OFWs, the DoF said.

A bank committed to the needs of OFWs changed into a few of the promises of President Duterte to Filipino migrant employees, it added.