Thursday, August 16, 2012

...the 2012 PH bet (Miss World)

Queneerich gets early international attention in Miss World

 

Miss World-Philippines 2012 Queenierich Rehman (NPPA Images)



The pageant is set on August 18, but this early, Miss World’s Philippine delegate Queneerich Rehman is already making the rounds of social media sites and even on international online publications with her talent in beat-boxing.

The 23-year-old Pinay candidate went up on stage during the pageant's talent portion on August 8 in Inner Mongolia, China in a long, back-baring halter dress. She turned her back to the audience to sing Far East Movement's "Rocketeer" and began what the audience thought was a typical song number.

Queneerich then beat-boxed hits such as "Yeah" and "Teach Me How to Dougie," to the surprise and delight of the audience.

The Miss World Philippine delegate and her beat-boxing talent was featured in online publications such as Time, Huffington Post, and and The Daily Mail.

And while her talent already got local recognition when videos of her Binibining Pilipinas 2012 screening and Miss World Philippines Talent Competiton were uploaded on YouTube, no Filipina candidate has left so many in awe in this part of a pageant the way Queneerich has.

Wednesday, August 15, 2012

...the professor

Pnioy professor nominated to UN committee on prevention of torture


August 15, 2012
GMA News

A Filipino professor has been nominated to the United Nations Subcommittee on Prevention of Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment for 2012 to 2016.

In a letter dated August 10, 2012, the Department of Foreign Affairs-Philippine Mission to the United Nations said it is honored to submit, through the Office of the High Commissioner for Human Rights, the candidature of Ms. June Caridad Pagaduan Lopez for membership in the UN Sub-committee on the Prevention of Torture (SPT).

Dr. Pagaduan-Lopez, is a professor at the Department of Psychiatry, College of Medicine, University of the Philippines-Manila and one of the founding members of the Medical Action Group (MAG).

The MAG welcomed Dr. Lopez's nomination to the SPT.

“We are convinced that Dr. Lopez will make an immediate positive contribution to the mandate and function of the UN body.  She was selected as the nominee of the Philippines to the SPT in view of her outstanding commitment and achievements in linking her profession as a psychiatrist to the promotion and defense of human rights particularly the prevention of torture and the rehabilitation of torture victims in the country,” MAG said.

Dr. Lopez has 30 years as an undergraduate and postgraduate educator in medical school and public health school (psychiatry, organizational development, occupational and mental health). She finished her medicine at the University of the Philippines-Manila.

She was awarded by Ten Outstanding Women in the Nation’s Service (TOWNS) in 1989. In 2010, she was awarded Outstanding Achievement Award by the International Council for the Rehabilitation of Torture Victims (IRCT) given by the Dr. Inge Genefke Foundation, Copenhagen, Denmark, during its 25th anniversary celebration.

She was among the 39 recipients of the Most Distinguished Alumnus Award  by the University of the Philippines Alumni Association (UPAA) in 2011.

The Philippines became the 63rd State Party to the Optional Protocol to the Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment (OPCAT) on April 17, 2012.

Its accession to the OPCAT means that the country as a State Party is eligible to submit a candidate for the SPT.

The SPT has a preventive mandate focused on an innovative, sustained and proactive approach to the prevention of torture and ill treatment.

The SPT started its work in February 2007 with 10 members and expanded to 25 members in January 2011.

It also has an operational role which consists in visiting all places of detention in States parties. The SPT started its work in February 2007 with 10 members and expanded to 25 members in January 2011.

The election of twelve (12) members of the SPT will be held on October 25, 2012, at the United Nations Office at Geneva. — Jerbert Briola /LBG, GMA News

...the "Heroes" protection

To protect Pinoy workers, recruitment agencies adopt Code of Ethics


August 15, 2012

To protect overseas Filipino workers (OFWs), at least 28 land- and sea-based recruitment agencies adopted Codes of Ethics, the Department of Labor and Employment (DOLE) said.


“We welcome this move from the overseas employment sector and we commend them for their commitment to safeguard the interest, not only of their industry, but also of our overseas Filipino workers,” Labor Secretary Rosalinda Baldoz said in a news release.

The 23 land-based recruitment agencies' associations and five sea-based manning agency groups signed their codes last Migrant Workers’ Day in June.

Philippine Overseas Employment Administration chief Hans Leo Cacdac said the land-based group pledged to observe what is best for the workers, the sector they represent, and their stakeholders.

Cacdac said the group also promised to uphold the highest principle of ethics and integrity.

He added that the manning sector stressed its adherence to the rule of law and committed to maintain the dignity and good reputation of the Philippine manning industry.

Land-based Groups

“The land-based groups’ Commitment to Ethical Conduct and Best Recruitment Practices put into writing their assurance to comply with all legal requirements, including local laws, and those of host countries as well as international standards,” the Labor department said.

By signing the Code, the recruiting agencies promised a full disclosure of all matters pertaining to the employment of the worker and non-discrimination of applicants because of political affiliation, religion, ethnicity, nationality, and gender, especially for household services workers.

The agencies likewise vowed to support the skills development of their recruits.
The land-based agencies seek to:
  • Make the process of seeking overseas employment cost-effective;
  • Eliminate the collection of placement fees;
  • Comply with regulations on the recruitment of workers;
  • Work actively with government agencies in addressing overseas employment issues, and
  • Stop predatory recruitment.

Sea-based groups
By signing the Code, recruitment agencies seek to spare sea-based workers from “unlawful, dishonest, immoral, deceitful and predatory” conduct of recruitment.

The Code sought to prevent opportunities for exploitation of seafarers.

The other salient features of the Code include:
  • The publication of all the cost that will be shouldered by the seafarers;
  • Negotiating for the best terms and conditions of employment for the seafarers;
  • Avoiding anything that may unjustifiably jeopardize seafarer’s current work or future work opportunities;
  • Safeguarding the seafarer’s information, and
  • Actively helping the cause of the seafarers.
The recruitment agencies
The land-based groups that signed the Code were:
1.    Associated Accredited Agencies for Cyprus
2.    Association for Professionalism in the Overseas Employment Inc.
3.    Association of Licensed Recruitment Agencies for Singapore Inc.
4.    Association of Manpower Agencies for Bahrain
5.    Association of Philippine Licensed Agencies for Technical Internship Program
6.    Coalition of Licensed Recruitment Agencies for Domestic and Service Workers
7.    Philippine Association of Agencies for Kuwait
8.    Federated Associations of Manpower Exporters, Inc.
9.    Society of Hong Kong Accredited Recruiters of the Philippines
10.Philippine Association of Agencies Accredited to Oman
11.Philippine Association of Manpower Agencies Deploying to Lebanon 
12.Philippine Association of Manpower Agencies for Jordan
13.Philippine Association of Manpower Agencies for Malaysia Affiliates, Inc.
14.Association of Service Contractors of the Philippines
15.Philippine Association of Manpower Agencies for Northern America
16.Philippine Association of Manpower Agencies for the United Arab Emirates
17.Philippine Association of Recruitment Agencies Deploying Artist, Inc.
18.Philippine Association of Service Exporters, Inc.
19.Pilipino Manpower Agencies for Taiwan
20.Philippine Recruitment Agencies Accredited to Saudi Arabia
21.Philippine Recruitment Agencies for Qatar
22.United Manpower Agencies for Israel Association, Inc.
23.Overseas Placement Association of the Philippines
Representing the five maritime associations in signing the Code were:
1.    Filipino Association for Mariners’ Employment, Inc.
2.    Filipino Shipowners’ Association, Inc.
3.    International Maritime Association of the Philippines
4.    Philippine Association of Manning Agencies and Shipmanagers, Inc.
5.    Philippine-Japan Manning Consultative

“The Joint Manning Group (JMG) manifested its adherence to the rules of law and to continue the development of the industry under a relationship of mutual respect, trustworthiness, and true brotherhood,” DOLE said.

Tuesday, August 14, 2012

...the Asia's strongest performing economy

PH is now Asia's strongest-performing economy, says expert





"The strongest-performing economy in the Asia today is the Philippines," - Michael Spencer, chief economist for Asia at Deutsche Bank AG (Bloomberg)




Amid a disaster, here comes some good news.

This, as an expert claims Philippines is now the strongest-performing economy in Asia, thanks to improved exports even in a weak global environment.

"The strongest-performing economy in the Asia today is the Philippines," Michael Spencer, chief economist for Asia at Deutsche Bank AG, said in an interview with Bloomberg on Thursday.

Spencer notes the country has historically been identified as dependent on the economies of the United States and Europe, which both continue to face uncertainties.

The Philippine economy grew by 6.4 percent in the first quarter, with economists noting that this signaled a recovery from the sluggish 3.7 percent growth in 2011.

This made the Philippines the second fastest-growing Asian economy, topped only by China at 8.1 percent.

"what's driving growth [in the Philippines] today is exports, surprisingly enough for them," Spencer said.

National Statistics Office (NSO) data show that total exports reach $26.8 million in the first half, up 7.68 percent from $24.8 million in the same period in 2011.

The country's export performance has been insulated from weak external demand, particularly from US and Europe, by increasing outbound shipments to Japan, Spencer said.

"I suspect that this has something to do with Japan outsourcing to the Philippines after the earthquake," he added.

Outbound shipments to Japan also grew by 11 percent to $4.77 billion in the first half from $4.29 billion a year ago.

Japan thus remained the Philippines' top market during the period, accounting for 17.8 percent of total exports.

Last year, Japan was also the Philippines' top product destination with $8.86 billion worth of exports or 18.5 percent of total exports.

It was followed by the US, with a 14.8 percent share; China, 12.7 percent; Hong Kong, 7.71 percent; and Singapore, 8.92 percent.

Monday, August 13, 2012

...the Math wizzards in Hong Kong

Pinoys win 125 awards in HK math contest ABS-CBNnews.com

Posted at 08/13/2012

Young Filipino math wizards in Hong Kong. Photo courtesy of James Yu and MDAP

MANILA, Philippines – Filipino students won a total of 125 medals in the 8th Asia Cup Stars of the Olympic Math Contest 2012 recently held in Hong Kong.

In a statement, Mathematics Development Academy of the Philippines executive head Dr. Archival Rodriguez said the Philippine delegation won 14 gold, 52 silver and 35 bronze medals, as well as 24 merit awards in the competition.

Below is the full list of Filipino winners:

Gold
  1. Justin Timothy Uygongco - Iloilo Central Commercial High School
  2. Bryce Ainsley Sanchez- Grace Christian College
  3. Gyla Jane Nismal - Sto. Domingo Elementary School
  4. Allyana Coleen Reyes - Chiang Kai Shek College
  5. Albriz Moore Bagsic - Lilyrose School, Tanauan City
  6. Beatrice Mae Malvar - Elizabeth Seton School - South
  7. Kristine Bernadette Nunez - Colegio San Agustin - Binan
  8. Pamela Irisari - Butuan City SPED Center
  9. Wendell Lenard Ong - St. Stephen's High School
  10. Kylee Wiona Sy - Pace Academy
  11. Fedrick Lance Lim - Zamboanga Chong Hua High School
  12. Elijamin Wolfgang Claveria - Elizabeth Seton School - South
  13. Lorenz Matthew Tech - Pasig Catholic College
  14. Gene Go Jr. - Zamboanga Chong Hua High School

Silver

  1. Janssen Reign Pena - Mother Goose School, Urdaneta
  2. Lewis Ian Gonzales - Pasig Catholic College
  3. Trisha Danielle Sia - Chiang Kai Shek College
  4. Hance Louie Uy - Philippine Cultural College - Main
  5. Rexza Mae Panaligan - Sta. Barbara Central Elementary School
  6. Rikka Grace Sombiro - Solomon Integrated School De Iloilo
  7. Ron Lian Nikolaus Tan - Morning Star Montessori School Inc. (LB)
  8. Ma. Leibniz Charisse Parra - Saint Paul College, Pasig
  9. John Mark Andresio - Santa Barbara Elementary School
  10. Ryan Jericho Sy - Chiang Kai Shek College
  11. Al Patrick Castro - Pasig Catholic College
  12. Cris Magdalene Dela Cruz - Bolinao Integrated School
  13. Kyla Anjeli Resurreccion -SPED Center - Baguio
  14. Cyd Nicolas Santos - San Beda College Alabang
  15. Ronn Derick Simbol - BHC Educational Institution
  16. France Mathieu Tacderan - Elizabeth Seton School (Main)
  17. Szel Leeven Yu Embay - La Salle Academy
  18. Emmanuel Matthew Cornel - Santiago Cultural Institute
  19. Jonathan Conrad Yu - Philippine Christian Gospel School
  20. Ronald Reinier Labuguen - Muntinlupa Elementary School
  21. Theresa Denise Magsajo - Saint Paul College, Pasig
  22. John Ian Lenix Hingan - San Beda College Alabang
  23. Ma. Angeline Jumangit - Elizabeth Seton School - South
  24. Andrea Robang - PAREF Woodrose School
  25. Nico Angelo Sombiro - Solomon Integrated School De Iloilo
  26. Sunny Sy - Chiang Kai Shek College
  27. Lyra Winette Tamayo - Mother Goose School, Urdaneta
  28. Tiffany Mae Ong - Immaculate Conception Academy
  29. Cris Jericho Cruz - Puerto Princesa Pilot Elementary School
  30. Alvin Lyndon Sy - Iloilo Scholastics Academy
  31. Mathieu Raphael Alonzo - Notre Dame of Greater Manila
  32. Xuanye Li - Xavier School
  33. Johnavel Marie Ninoy - Bacolod Tay Tung High School
  34. Moses Christopher Carpio - Agoo Kiddie Special School
  35. Gelli Domingo - Young Shepherd's School
  36. Sean Christian Lim - Mother Goose School, Dagupan
  37. Christian Quinzon - San Beda College Alabang
  38. Daniel Tio - St. Stephen's High School
  39. Adrian Nathaniel Chua - Xavier School
  40. Shenelle Pamela Lim - Jubilee Christian Academy
  41. Junifer Sombilon Jr. - Butuan City SPED Center
  42. Guinevere Soria - Precious International School of Davao
  43. Luis Salvador Diy - Xavier School
  44. Andrew Vince Lee - Xavier School
  45. Anne Kaila Recio -Philippine Institute of Quezon City
  46. Kim Giwon - Learning Links
  47. Jeanette Rafallo - Agusan Del Sur Pilot Laboratory School (Bayugan)
  48. Shawn Gabriel Cabanes - Zamboanga Chong Hua High School
  49. Charity Justine Benignos - Trinity Christian School
  50. Edgar Laurrence Osis - Colegio San Agustin - Binan
  51. Hiraya Marcos - Philippine Cultural College-Main
  52. Benedict Del Rosario - Iligan City East Central School
Bronze
  1. Lei Dojoan Toma Cruz - Dee Hwa Liong Academy
  2. Jodi Marcia Arcadio - Notre Dame of Greater Manila
  3. Gerick Andrei Barsatan - Tuguegarao West Central School
  4. Erin Nicole Blanche - Dee Hwa Liong Academy
  5. Wesley Gavin Palomar - Falcon School
  6. Margaux Francesca Lim - Zamboanga Chong Hua High School
  7. Derick Pan - Chiang Kai Shek College
  8. Ronnie Vience Roberto - Special Education for the Gifted
  9. Jansen Nina Serdoncillo - Elizabeth Seton School - South
  10. Stephanie Jhean Villaceran - Davao Central High School
  11. Joan Lyn Fadri - San Beda College Alabang
  12. Lord Danly Mafe - Colegio San Agustin-Binan
  13. Vincent John Ancermo - Pasig Catholic College
  14. John Lian Mar Catli - Tuguegarao West Central School
  15. Cheska Marina Hufano - Mother Goose School, Dagupan
  16. Jamina Matulac - St. Mary Mazzarello School
  17. Seth Gabriel Ricafort - Notre Dame of Greater Manila
  18. Randmar David Balleras - International British Academy
  19. Jennica Elia Dee - St. Paul University Philippines
  20. Erika Eunice Dumago - Ann Arbor Montessori
  21. Cathryn Therese Maala - La Marea School
  22. Mark Ely Namoro - La Salette Elementary
  23. Pancho Ruedas - Union Institute of Rosario
  24. Maxim Grace Sorongon - Children Integrated School of Alta Tierra
  25. Samantha Louise Wong - Philippine Institute of Quezon City
  26. Lyle Wenzel Tamayo - Mother Goose School, Urdaneta
  27. Golden Sionil Sison - PAREF Southridge School
  28. Jose Marco Antonio II - Silliman University SBE Elementary School
  29. Ryan Christopher Deodores - Colegio San Agustin-Binan
  30. Julyanne Gail Frilles - Bicol University College of Education - ILS
  31. Lance Joshua Irisari - Rainbow of Angels Learning Center
  32. Isaac Milo Muralla - Ateneo de Iloilo-Sta. Maria Catholic School
  33. Matthew Eric Tan - St. Stephen's High School
  34. Cristina Beatrice Mallari - Saint Paul College-Pasig
  35. Mark Jester Dela Rosa - JFK SPED Center Subic
Merit
  1. Liam Gene Cabrera - Living Spring Academy
  2. Jannica Allison Lim - Zamboanga Chong Hua High School
  3. Sam Rivkah Reiniery Valdecantos - Notre Dame of Greater Manila
  4. Ryanne Spencer Lim- Mother Goose School, Dagupan
  5. Francis Roy Albina - Silliman University SBE Elementary School
  6. Jose Miguel Antonio - Silliman University SBE Elementary School
  7. Andrea Leanna Chan - Zamboanga Chong Hua High School
  8. Marithea Laura Hufano - Mother Goose School, Dagupan
  9. Beatrice Christine Montemayor - BHC Educational Institution
  10. Andrea Sudario - St. Mary Mazzarello School
  11. Celine Amanda Montales - Colegio San Agustin-Binan
  12. Katrina Bianca Bandiola - SPED Antique Center
  13. Lorize Lorielle Dado - Iba Central School
  14. Danielle Alexis Pobre - St. Paul University Philippines
  15. Lance Kendrick Sebastian - Zamboanga Chong Hua High School
  16. Lancelot Bangug - St. Augustine's School
  17. Earvin Kristoffer Estioco - St. Mary's College of Quezon City
  18. Xil Lucia Guevara - Hold Child Education Center
  19. Justin Aaron Natividad - Elizabeth Seton School (South)
  20. Gene Paolo Ortiz - Santiago Cultural Institute
  21. Arman Dave Tan - Santiago Cultural Institute
  22. Pia Juneea Nebrada - Butuan City SPED Center
  23. Rufa Aizha Cunanan - Zamboanga Chong Hua High School
  24. Gia Gemeno - JFK SPED Center Subic
Just recently, the Philippine delegation won a total of 96 medals in the International Mathematics Contest in Singapore.

...the NASA's Mars mission

Pinoy included in NASA's Mars mission crew

 08/13/2012
 
Operations systems engineer Gregory Galgana Villar III worked on the mission to Mars. Photo courtesy of NASA's Jet Propulsion Laboratory 


MANILA, Philippines – While media has largely focused its attention on “Mohawk Man” Bobak Ferdowski during last week's successful Mars landing of the NASA rover Curiosity, a Filipino was among those who were celebrating the agency’s latest achievement.

Filipino Gregory Galgana Villar III is one of NASA’s youngest engineers on the rover mission.

After enduring the now-famous “seven minutes of terror,” the 25-year-old Villar and nearly 100 NASA employees celebrated at a nearby bar, according to a report by website The Huffington Post.

“It was unreal,” he told The Huffington Post over the phone. “I couldn't hold myself back -- we were jumping up and down, hugging each other, tearing up.”

And after Curiosity released its first batch of photos from the red planet, “we were just blown away once again,” he said.

Baguio student

Although Villar was born and raised in Long Beach, California, he attended high school at St. Louis University in Baguio City, where his parents are from.

According to the website, Villar has been working for NASA since he was a junior at Cal Poly Pomona. He now works as an operations systems engineer at NASA’s Jet Propulsion Laboratory (JPL).

In an interview with Montrose-La Crescenta Patch before the Mars landing, Villar said he is part of the team that will operate Curiosity in Mars.

“After Curiosity lands, I will be part of the surface operations team as a Science Planner. I will be facilitating the daily planning process where scientists and engineers decide what we want the rover to do next,” he told the Patch.

According to Villar, he has been involved with Curiosity since January 2011.

“Over the past year and a half, I have put in about 4,000 hours of work on Curiosity and I feel this was time well spent. Witnessing a successful mission like the Mars Science Laboratory will increase support from the decision makers in Washington for future missions,” he added.

Villar told The Huffington Post that part of Curiosity’s mission is “to spark more questions about science and engineering among America’s youth, as well as show political leaders that NASA is still worth funding.”

“I hope that it will continue to inspire people and show decision makers in our government that these types of missions are essential to our progression as humans,” Villar told the website. “And I hope the youth are inspired

...the Aussie actor

'Immigrants and Cigarettes' film featuring Fil-Aussie actor nominated for two awards

 
August 13, 2012
 
 
"Immigrants and Cigarettes," a short film featuring Filipino-Australian actor Felino Dolloso, is a finalist in two international film festivals.

 
 
Directed by Mike Kang, the film is an official entry to:
  • the Korean Film Festival in Australia on August 25, and
  • the Guam International Film Festival on September 27-30.


Kang’s previous film "It's about Survival," also starring Dolloso, won the Best Film Award in the Digital Series Film Festival in Sydney this month.

The film follows the story of Michael (played by Dolloso), a cleaner at a migrant resource center who devotes his life to the well-being of minorities.

Dolloso, who is always on the lookout for “film projects with great characters, imperfect characters, and raw, off-center-type characters,” said he enjoyed doing "Immigrants and Cigarettes."

“It [showed] the relationship between flawed human beings [and explains] why people do what they do and become the person they are, and the sacrifices they make,” he said in an email to GMA News Online.

Dolloso is no stranger to a migrant’s life. Like the character he plays in the movie, he knows what it is like to work long hours to achieve your dreams.

Hard work, humility pay off

Born in the Philippines, Dolloso migrated to Australia as a young child. He got into acting by accident, wanting to skip classes by joining the high-school play.

Today, he is one of the few visible Filipino actors in Australia, seen in theater, television, and film.


His television credits include guest roles in "Packed to the Rafters," "Spirited," "Answered by Fire," "All Saints MRU," "Review with Miles and Barlowe," "Comedy Inc," and "The Hostages." 

Dolloso has also appeared in Hollywood films such as:
  • "Point Break 2," starring Keanu Reeves,
  • and "Candy," with the late Heath Ledger, Abbie Cornish, and Geoffrey Rush.


Dolloso's film credits include "The King’s Seed," "Suppose the Night Tasted Like Sugar,"
"Seeing the Elephant," "Callabona Red," "Under the Same Sky," "The Devil’s 6 Commandments," "Pitbulls," "Tallulah Falls Apart," "Balibo," "RaChoi," and "Mother Fish."

Onstage, Dolloso has appeared in "Coup d’etat," "Aussies of the Magic Mic," and "Adobo Kind," and "A Quiet Night in Rangoon," among others.

Critic Lloyd Bradford Syke called his performance in the play Havana Harlem “dynamic and arresting.”

Dolloso has also worked with Griffin Theatre, Riverside Theatre, The Colour Blind Project Theatre Festival, Urban Theatre Productions, Belvoir St. Theatre, Sydney Fringe Festival, and Brand Spanking New Festival.

Currently rehearsing for his role as Dr. Jose Rizal in a play, Dolloso hopes to do a film in the Philippines in the future.

His dream roles would be to play international boxing champion Manny Pacquiao or the national hero Lapu-Lapu.


Despite his accomplishments in the last decade, Dolloso knows that show business is “a hard trade.”

To Filipino-Aussies like him wanting to get into the industry, he has this advice: “If you’re passionate about becoming an actor, then take classes. Go to a drama school. Do projects—plays and films, paid and unpaid—and learn the craft properly. Always be humble and polite and [keep] your dignity always.” - VVP, GMA News

...the Q2 growth (likely)

Q2 GDP growth seen at 6.5-7%


By: Doris C. Dumlao
Philippine Daily Inquirer
 
 
The domestic economy likely grew by 6.5-7 percent in the second quarter, even beating the first-quarter level that made the Philippines the second-fastest growing economy in Asia after China.

This was the estimate of a joint First Metro Investment Corp.-University of Asia and the Pacific study, which said “the economic numbers being reported and the increasing number of foreign analysts seeing the country to continue its strong run despite the turmoil in the eurozone are confirming our bullish view on growth.”

The FMIC-UA&P research publication The Market Call said it was expecting full-year GDP growth at 6-7 percent or much higher than last year’s 3.7 percent. The government is expected to announce the second-quarter GDP numbers by the end of this month.

With agriculture likely to expand 2.5 percent in the second quarter from 1 percent in the previous quarter as well as a more rapid expansion in the manufacturing and construction sectors, the study said the second quarter could even exceed the 6.4-percent gross domestic product growth in the first quarter.

The research noted that Manila Electric Co.’s (Meralco) electricity sales, a proxy for economic activity, rose 8.3 percent year on year in June despite a fairly steep increase in electricity rates early in the month. Since January, it said Meralco sales have consistently grown above 8 percent, driven by robust demand of the industrial sector, which posted double-digit gains all throughout the first semester.

On average, it noted that the second-quarter electricity sales registered a 9.5-percent year-on-year expansion, slightly slower than the first quarter’s 9.9 percent but a big reversal from the 2.1-percent contraction in the second quarter of 2011.

“The strong growth was heavily due to the recuperating export sector, the boost in business process outsourcing (BPO) and manufacturing industries, as well as from the ongoing government infrastructure projects. The economic vitality reflected in this economic indicator is well supported by the one million new jobs created in the year ending April 2012,” the report said.

“Meralco sales as a proxy for GDP growth indicate better-than-expected [expansion] for the second quarter, indicating that the 6.4-percent GDP jump in first quarter was not a fluke. This is backed up by robust government spending, stronger export growth, stable OFW (overseas Filipino worker) remittance increases coupled with lower inflation in the second quarter,” it said.

For the second semester, while the external sector might be weaker due to the lingering euro zone recession, the research said domestic demand should be stronger since the national government would likely incur an additional P180-billion deficit for the semester, while a slight peso depreciation would spur OFW-dependent spending.

FMIC-UA&P’s outlook for the second semester said inflation would keep close to the lower end of the Bangko Sentral ng Pilipinas’ 3-5 percent target range and hover around 3.2 percent, much of it being due to base effects, because crude oil prices, as projected by the US Department of Energy, would be relatively steady and food prices would remain stable.

It said interest rates would have a slight downward bias and possibly pave the way for another 25-basis point BSP policy rate cut (to a new record low of 3.5 percent for the overnight borrowing) in order to align these to rates abroad and minimize currency speculation into the peso.

While the fiscal deficit would rise in the second half (which is deemed good insofar as it would stimulate the economy), tax revenue growth would keep a double-digit path as the stronger economy in itself would raise the buoyancy of tax collections. Government infrastructure spending has risen 66 percent in the first half but may only slow down slightly primarily because of a higher base in the second half of last year.

The study also noted that export growth might slow down to 4-6 percent in the second half as the euro zone recession stymies US and China expansion.

Sunday, August 12, 2012

...the Muscles from Brussels

Van Damme hopes to visit Philippines


ABS-CBNnews.com
 08/12/2012



MANILA, Philippines – International action star Jean-Claude Van Damme is hoping to return to the Philippines soon, according to entertainment editor Ricky Lo.

Van Damme met Lo during a Hollywood junket to promote "The Expendables 2," which opens in Philippine theatres on August 16. The movie, which stars Sylvester Stallone, also features an all-star roster of action stars Jet Li, Liam Hemsworth, Terry Crews, Randy Couture, Dolph Lundgren and Jason Statham.

“I’ve been to the Philippines several times. I have several friends there, like Jude Estrada, the son of the former President (Joseph Estrada),” Van Damme told Lo in the article, which was published in The Philippine Star on Sunday.

Van Damme currently lives in Hong Kong with his wife.

“I’ve been telling my kids about how beautiful the Philippines. They should go to the Philippines and then go to Hong Kong later,” Van Damme, dubbed the “Muscles from Brussels,” added.

His son, Kristopher, who lives in Los Angeles, told Lo: “I’ve heard so much about the Philippines from my dad. He told me about how gracious the people are. I would love to go to the Philippines.”

According to Van Damme, the first movie he did was shot in the Philippines “with a very low budget.”

“I was also the first guy to endorse Red Bull in the Philippines when that (energy drink) was only starting,” he said.

Asked if he has plans to visit the Philippines again, the actor said: “Absolutely! For the last six years, I’ve been staying in Hong Kong and I travel a lot around Asia. One of these days I will go back to the Philippines. Asia is a wonderful place. The people are so…different. They are very relaxed, they have a different type of philosophy. They are so respectful. That’s why I love Asia. It gives me a different kind of feeling.”

...the positive outlook

Growth targets feasible amid disaster – Palace

08/12/2012  
 
 
MANILA, Philippines -- The government remains confident that growth targets will be achieved this year amid the devastation left by the heavy rains and floods last week.

Deputy presidential spokesperson Abigail Valte, in a text message, told reporters: “The Department of Agriculture (DA) continues to make an assessment of the damage sustained but the Philippines remains confident that it will be able to reach its targets. The DA has taken steps to extend assistance to farmers affected by the monsoon."

Economic managers is a targeting a high-end growth of 6% for this year due to investors’ confidence and increased public spending.

The National Disaster Risk Reduction and Management Council said on Sunday that the cost of damage to infrastructure is now over P585 million, while the damage to agriculture is more than P19 million.