China Aircraft Leasing Group yesterday announced the death of independent non-executive director Edward Chow Kwong-fai. Chow died unexpectedly on Monday after being admitted to hospital for an operation. The board expressed its sincere gratitude to Chow for his valuable contribution to the company and conveyed its condolences to his family. Chow was also a current affairs commentator and a popular columnist on The Standard, whose "Thinking Out Loud" articles appeared every Friday. Having for the first time missed a column after being admitted to hospital, he told his friend he was confident he could continue writing his Friday articles from his bed.
Law enforcers restrain a protester and push back another near the White House as Donald Trump poses with a Bible at a church. "I am dispatching thousands and thousands of heavily armed soldiers, military personnel and law enforcement officers to stop the rioting, looting, vandalism, assaults and the wanton destruction of property," Trump said. He slammed the previous night's unrest in Washington as a "total disgrace" and called on governors to "dominate the streets." Trump added: "If a city or state refuses to take the actions that are necessary to defend the life and property of their residents, then I will deploy the United States military and quickly solve the problem for them." "We here in Europe, like the people of the United States, we are shocked and appalled by the death of George Floyd," Borrell said in Brussels.
The emergency action plan is designed to give the dolphins a chance to stabilize and recover. Chinese white dolphins are listed as vulnerable on the Red List of Threatened Species and are a grade one national key protected species in China. The plan recommends measures to diminish threats in core and buffer areas covering key dolphin habitats, including the Lantau Dolphin Conservation Management Area. "The Chinese white dolphin is a unique and shared heritage of Hong Kong, Macau and Guangdong. "Governments, businesses and people of the delta region should seize this last chance to save our Chinese white dolphins."
The M-99 program was actually a desperate, do-or-die move for Marcos, who assumed one- man-rule just months before the program was launched. All these factors led to an unprecedented 20 percent fall in palay (unmilled rice) production in 1972. Marcos’ technocrats — principally his much-admired agriculture secretary Arturo Tanco, who had been president of the United Nations’ World Food Council — had to design and implement the M-99 program. The M-99 program lasted for 15 years and led to a substantial increase in rice production. The M-99 program ran for 15 years and at least 14 phases, with refinements made with each phase.
June 02, 2020 17:58 UTC
In fact, Sen. Emmanuel Joel Villanueva’s bill allowing employees in the private sector to WFH was signed into law on Dec. 20, 2018. I can only surmise that his initial steps in proposing “electronic work” could have contributed in a way to the CSC’s planning activities in coming up with WFH guidelines. Peter Drucker, the great management guru in innovation and entrepreneurship, once said, “Every organization must prepare for the abandonment of everything it does.” He only meant that change is inevitable…. And whether we like it or not, the “new normal” is coming! To top it off, let’s not forget what President Duterte also once said, “Change is coming!”***Related topic: Digital transformation 2019-2022https://www.manilatimes.net/2019/07/24/opinion/columnists/topanalysis/digital-transformation-2019-2022/588937/588937/
June 02, 2020 17:52 UTC
PUERTO PRINCESA CITY, Palawan, Philippines — An adult pangolin (Manis culionensis) was surrendered to the local environmental authorities by a concerned citizen here. In a statement on Tuesday evening, the Palawan Council for Sustainable Development (PCSD), said that a certain Julito Miraveles, a resident of Barangay Santa Lourdes in this city, surrendered the pangolin with the help of Palawan Maritime Police. ADVERTISEMENTLocally known as balintong, it was rescued by Miraveles on May 31 after being chased by a dog. The pangolin, dubbed as the world’s most trafficked mammal, measured 89 centimeters from snout to tail and 43 centimeters wide. This is the fifth pangolin rescued in Palawan since the onset of the lockdown.
Source:Philippine Daily Inquirer
June 02, 2020 17:48 UTC
That Timor Leste, with the fading remnants of its long and anguished Portuguese colonization (1769-1975 ), is now a part of the region. A few days back, many Filipinos were forced to research the basic facts about Timor Leste. On paper, our ranking on per capita spending for Covid-19 should have been between Malaysia, which spent $1,125 per capita, and Brunei, which spent $714.61 per capita. – Little money for social safety nets, which the TV bloviators have lumped under the broad category of ayuda. Simply put, our Covid spending is tragically Third World despite the illusions of greatness and stability.
But, frankly, we could not afford to reach out to them, as many of us in developing countries have to worry about our own socioeconomic well-being. As I argued before, taking into account all the costs of corruption and inefficiency, the total “taxes” paid in many developing countries are no less exacting as those paid in many developed countries. And the abundance of fertile soil and sunshine and rain in tropical areas where most developing countries are located, is in stark contrast with the bleak climatic conditions elsewhere. So we have to learn to be self-sufficient at least in our food supply. We need food for thought and sustenance.
When elephants dance, the ants…A MOST interesting development partly as a result of this pandemic is the rise of China and the decline of America in the world stage (The Manila Times or TMT, April 15, 2020). What is axiomatic for such totalitarian states is that theirs is determined by the self-selective clique that has ruled modern China as its political “royalty”/politburo. Their collective vision toward the year 2049 is to displace America from global leadership — establishing China’s economic supremacy. China and America were the two best prepared countries to weather a pandemic. I quote from my column “Clash of civilizations” (TMT, March 27, 2020): “The world will not tolerate a power vacuum and a dangerous political vacuity opened up resulting from the withdrawal of the United States from world engagements.
THE Philippine Basketball Association board of team governors meets today to discuss the fate of Season 45, given the transition of the National Capital Region (NCR) from enhanced community quarantine to general community quarantine (GCQ). Team governor Siliman Sy of Blackwater shared with The Manila Times late Monday evening that league Commissioner Willie Marcial would present various options to the board, including the resumption of team practices behind closed doors under strict guidelines and protocols. “The commissioner will present some options to us, but I know the first step is to allow practices. Meanwhile, Marcial recently said that they are hoping to practice for one month before getting back into action. He also said that if they cannot get back into action by October this year, they would just cancel Season 45 and jump to Season 46 next year.
June 02, 2020 17:31 UTC
The Philippine Economy Zone Authority (PEZA) on Tuesday denied that it was delaying the passage of the Corporate Recovery and Tax Incentives for Enterprises (Create) Act and going against the Duterte administration’s efforts to implement economic reforms. Citira had aimed to reduce this rate from 30 percent to 20 percent in 10 years. “What the PEZA Board voted is to support the tax reform measures and allow PEZA to introduce the appropriate amendments to keep our existing investors, attract more investors and enhance the economic gains under the Duterte administration,” Plaza said. “For these existing investors, who employ over 2 million Filipinos, we seek a five-year pause to recover their viability,” it added. Unless ‘stimulated’ with financial assistance from the government, many firms will cease to operate and will lay off workers,” they said.
The country’s balance of payments (BoP) position posted a $448-million surplus in March, lower than the figure a month and a year earlier, Bangko Sentral ng Pilipinas (BSP) data showed on Tuesday. According to the data, the amount was narrower than the $839 million and $627 million and surpluses in February and in March 2019. While the latest amount narrowed the January-to-March shortfall to $68 million, the year to-date BoP position remains much lower than the $3.79-billion surplus in the same period in 2019. The tally still falls below the BSP’s forecast of a $3-billion balance surplus for this year. The BoP position reflected the final gross international reserves level of $88.86 billion as of end-March.
METRO Manila’s water allocation from Angat Dam has been retained to ensure ample supply for the metropolis amid the coronavirus disease 2019 (Covid-19) pandemic, the Metropolitan Waterworks and Sewerage System (MWSS) said. In a statement emailed on Monday afternoon, MWSS Administrator Emmanuel Salamat said the allocation was retained at 48 cubic meters per second (cms) until end-June as the agency requested to the National Water Resources Board (NWRB). The MWSS also requested the two concessionaires to implement an equitable distribution of water allocation, deliver better services and support government efforts during the general community quarantine in the National Capital Region. Salamat said the “overriding reason” behind this request was to ensure ample water supply in protecting human health against Covid-19 and sustain the current water demands that are at an all-time high due to higher than normal temperatures for this time of year. Meanwhile, water treatment plants operated by the water firms that process raw water from Laguna Lake operate at full capacity to narrow the total supply gap in the service area.
The stock market rose anew on Tuesday, breaching the 6,000 territory as encouraging factory data boosted hopes for the country’s gradual economic recovery from the coronavirus disease 2019 (Covid-19) pandemic. The Philippine Stock Exchange Index (PSEi) climbed by 1.6 percent, or 95 points, to close at 6,025.17 while the wider All Shares improved by 1.18 percent, or 41.50 points, to finish at 3,551.72. The last time the main index reached 6,000 was on March 11, when it ended at 6,353.26. She said the country’s manufacturing purchasing managers’ index (PMI) in May hitting 40.1 was an improvement from April’s record-low 31.6, given the eased lockdowns in some areas. Total volume turnover was at 1.01 billion shares, valued at P7.29 billion.
June 02, 2020 17:26 UTC
UNDETERRED by the coronavirus disease 2019 (Covid-19) pandemic, Cebu Landmasters Inc. (CLI) is set to proceed with the launching of their P19.4 billion worth of projects planned out this year. CLI is also looking to address the housing backlog evident in the Visayas and Mindanao through the these projects. To fund these expansions, CLI has secured P8 billion worth of corporate notes and several bilateral facilities with major banks, tailored for each project. Aside from the continued projects, Soberano said they would also accelerate the digitization of the company this year to maintain communications with their customers amid the pandemic. “We do have construction targets, especially for those projects that we have programmed to turnover within the year,” Soberano said.
June 02, 2020 17:15 UTC