Friday, February 22, 2013

...the PH growth forecast 2013 (HSBC)

HSBC on PH: 5.9% growth, investment grade in 2013



Rappler.com
02/22/2013
 

Manila, Philippines- Global giant Hong Kong and Shanghai Banking Corp (HSBC) upgraded its growth outlook for the Philippines to 5.9% from 4.9%, and joined the chorus of expectations that an investment grade rating for the country is likely coming in the second quarter.

In a research note on Friday, February 22, HSBC cited "improved external outlook, supportive monetary policy, and increased fiscal spending" as reasons for its gross domestic product growth outlook.

It called the Philippines "one of the greatest comeback stories in the past year" for transforming from being "the 'sick man of Asia' to a symbol of what gradual and steady reform can achieve."

This GDP forecast is lower than the 6% to 7% official target of the government for 2013. The Philippines grew 6.6% in 2012 from 3.9% the previous year.

HSBC, however, noted that international credit rating agencies will soon include the Philippines among A-lister companies with an investment grade. The country is now one notch below it.

"The sovereign will likely be rewarded with an investment grade in the second half for its prudent management of the economy," it said.

It noted that the the resulting "cheaper and more stable sources of funding for the government" will be crucial since "a lot of work is still required."

While "remittances shielded the Philippines from sluggish external demand" and that "timely fiscal and monetary policy bolstered government and private consumption," challenges still remain, including "weak infrastructure."

"Lacklustre infrastructure and business environment hinder investment and productivity. Stagnant FDI (foreign direct investment) inflows reflect challenges such as high costs of electricity, poor infrastructure, and restrictive ownership laws," it said.

"We remain watchful of further reforms to transform the economy," it added. - Rappler.com

 

...the US largest SE Asia's food market

PH is largest market for US food, beverage - report

Rene Pastor
02/22/2013
 
 
“The Philippines remains the largest U.S. food and beverage market in Southeast Asia, and one of the fastest growing in the world.” - US Agriculture
 
BOUND FOR PHILIPPINES. Calves peer out windows of their hutches on a dairy farm. Beef is one of the agriculture products US exports to Asia. Photo by AFPBOUND FOR PHILIPPINES. Calves peer out windows of their hutches on a dairy farm. Beef is one of the agriculture products US exports to Asia. Photo by AFP
The Philippines has become the largest market for U.S. food and beverage products in Southeast Asia as a surging economy and rising tourism are seen stoking demand for American goods in 2013, a report by the U.S. agriculture attaché said.

“U.S. consumer oriented food and beverage exports to the Philippines have increased an estimated 12% in 2012 to a record $850 million and have doubled since 2009,” the report said.

The report by the attaché is compiled by U.S. agriculture experts and is not official data from the U.S. Agriculture Department. But they are considered as authoritative and influential in the commodity trading community.

“The Philippines remains the largest U.S. food and beverage market in Southeast Asia, and one of the fastest growing in the world,” the report said.

The latest U.S. Customs data through November showed that at least 10 of the 16 food and beverage categories will hit record sales in 2012. The list of U.S. food and beverage exports to the Philippines includes dairy products, red meats, poultry meat, snack foods, processed fruits and vegetables, and fresh fruits.

The U.S. attaché urged American exporters to take part in trade shows so they can meet potential importers of their products. U.S. exporters should partner with Philippine importers, with some setting up buying offices in the U.S. to consolidate their shipments on the U.S. West Coast.

“U.S. exporters are encouraged to maintain close contact with their Philippine importers and support efforts to introducing the products to foodservice customers by participating in technical seminars, product demonstrations, and local trade shows. Regular market visits are also highly valued by Philippine importers and regarded as a show of support,” the attaché said. - Rappler.com

 

...the PH hot air ballon fest

Hot air balloon fest puts PH on aerial tourism map

 
 
Katherine Visconti
Rappler.com
02/21/2013


BIGGEST FIESTA SO FAR. This year's Philippine Hot Air Balloon Fiesta brings together 32 balloons from 15 countries. Photo by Katherine ViscontiBIGGEST FIESTA SO FAR. This year's Philippine Hot Air Balloon Fiesta brings together 32 balloons from 15 countries. Photo by Katherine Visconti
ANGELES CITY, Philippines - A floating bus, men dangling from parachutes, and military training jets dot the sky.
 
The view sounds fantastical and it is.
 
From February 21 to 24, paragliders, skydivers, helicopters, kites, jets, and hot air balloons take to the sky for the 18th Philippine International Hot Air Balloon Fiesta. Not surprisingly, the annual event is also known as "the weekend of everything that flies."
 
"A record number of 32 balloons represented by some 15 countries will participate in this year's 18th Philippine International Hot Air Balloon Fiesta, the biggest participation in the history of the Philippine Hot Air Balloon Fiesta to date," said Arnel Paciano D. Casanova, president and CEO of the Bases Conversion and Development Authority, in a statement.
 
AERIAL TOURISM. The Philippines is determined to take the lead. Photo by Katherine ViscontiAERIAL TOURISM. The Philippines is determined to take the lead. Photo by Katherine Visconti
Visitors have come from as far as Belgium, England, Poland, the United States, and the Netherlands to chart hot air balloons in the yearly aviation event.
 
Aimed at putting the Philippines on the map for aerial tourism, the event is supported by the Department of Tourism, the Clark Development Corporation, the Clark International Airport Corporation, and the Bases Conversion Development Authority.
 
An orchestra in the air
 
NEED FOR SPEED. The sexy jets of the Breitling Jet Team gleaming and ready to fly. Photo by Katherine ViscontiNEED FOR SPEED. The sexy jets of the Breitling Jet Team gleaming and ready to fly. Photo by Katherine Visconti
A special sight this 2013 is the acrobatic performance of the world-renowned Breitling Jet Team, which considers itself "the world's largest professional civilian flight team." The team was brought to Manila by jewelry and timepiece brand Lucerne.
 
Composed largely of former fighter pilots from France, the skilled crews steered 7 L-39 C Albatros aircrafts — Czech-made twin-seater military training jets — through a daunting series of tricks.
 
They looped through the air, barrel-rolled, and dove straight down together, splitting apart at exactly the same moment.
 
Watch a video on the team's stunts here:

Actor Dingdong Dantes was a passenger in one of the Breitling flights. He described the experience as "exciting and nerve wracking." He added that his dad used to fly planes and that he always dreamed of being a pilot since he was a child.
 
Dantes was in professional hands but there are always risks at every corner, explained Breitling pilot Patrick Marchand. Breitling said in a press statement that pilots flying upside down may be subjected to 9 times the amount of pressure on a typical human body, causing "immense strain on the muscles to keep blood flowing evenly throughout the body."
 
DREAM COME TRUE. Actor Dingdong Dantes's father was a pilot. Photo courtesy of GMA7DREAM COME TRUE. Actor Dingdong Dantes's father was a pilot. Photo courtesy of GMA7
The pilots' lives depend on working together as a team. Marchand said they are all extremely close and he intuitively recognizes his teammates' voices over the radio.
 
He called their team "a symphony in the sky" for whom precision is of utmost importance.
 
Captain Jacques Bothelin agreed. "I'm the conductor," he laughed. When he dives, his wingmen follow no matter what, he explained to Rappler.
 
Like musicians, they all have to be in perfect sync for the performance to come off without a hitch, added Marchand.
 
Here are photos from the Breitling Jet Team's shows on February 21 at 8:30am and 10:30am:
Photo by Angie de SilvaPhoto by Angie de Silva
Photo by Angie de SilvaPhoto by Angie de Silva
Photo by Angie de SilvaPhoto by Angie de Silva
Photo by Angie de SilvaPhoto by Angie de Silva
ONE DOWN, 3 TO GO. The 18th Philippine International Hot Air Balloon Fiesta runs until February 24 at the Clark Freeport Zone in Angeles City, Pampanga. Photo by Angie de SilvaONE DOWN, 3 TO GO. The 18th Philippine International Hot Air Balloon Fiesta runs until February 24 at the Clark Freeport Zone in Angeles City, Pampanga. Photo by Angie de Silva

Thursday, February 21, 2013

...the best microfinance environments

Editorial

Philippines Among Best Microfinance Environments


Manila Bulletin
February 20, 2013
 
The Philippines is a global leader in microfinance, having one of the best business environments for microenterprises. It ranked 4th out of 55 countries in the annual global survey “Global Microscope on the Microfinance Business Environment 2012,” released in 2012 by the London-based think-tank Economist Intelligence Unit (EIU). The Philippines posted a two-notch improvement from its 6th ranking in 2011. The report highlighted the country’s stable market and reforms initiated by public and private institutions to develop an enabling microfinance environment.

The EIU said the rankings recognized key efforts of the Bangko Sentral ng Pilipinas (BSP) such as raising the ceiling for “microfinance plus” that microenterprises and small businesses can avail of to fund their operations. Microfinance originally financed microenterprises or small livelihood activities but BSP expanded loan products to include microfinance housing, micro-agri loans, micro-insurance, and micro-deposits. There are 202 microfinance institutions operating in the Philippines.

In the 2nd quarter of 2012, the BSP, in Circular No. 748, eased its guidelines on microfinance lending to allow banks to disburse more funds in the countryside for agriculture and agrarian reform sectors.

The BSP, in Circular No. 782 on January 21, 2013, raised the threshold of microfinance clients to allow low-income clients access to credit such as housing microfinance. Low-income are those with income below P17,000 a month or P206,000 per year.

Microfinance is a way of providing financial services to entrepreneurs and small businesses lacking access to conventional banking. In the Republic of the Philippines, microfinancing is an activity dominated by rural banks, non-government and people organizations, with support from international donors. Rural and cooperative banks provide financial services to over 85 percent of cities and towns, under the Micro-enterprise Access to Banking Services of the Rural Bankers Association of the Philippines, supported by the United States Agency for International Development.

We congratulate the Bangko Sentral ng Pilipinas, headed by Governor Amando M. Tetangco Jr., in its efforts to promote microfinance as one of the powerful programs of the Philippine economy. CONGRATULATIONS AND MABUHAY!

 

Wednesday, February 20, 2013

...the stock market bull run

No stopping bull run in Philippines
 
Philippine Stock Exchange Index now Asia's most expensive in what is seen as an Aquino-led rally


BT 20130220 EMPHIL 413142
Chasing away the bears: Dragon dancers at the Philippine Stock Exchange help usher in the year of the snake. Global players are upbeat about the nation's prospects citing a clean, honest government, pro-business climate and impressive stock valuations. - PHOTO: AFP
 
 
THE world's biggest equity bull market is propelling Philippine valuations to all-time highs as international investors pile into the country's stocks in an endorsement of President Benigno Aquino's economic policies.

The Philippine Stock Exchange Index climbed 13 per cent this year till yesterday, bringing gains since October 2008 to 285 per cent, at least 124 percentage points more than every other bull market in emerging and developed nations, according to data compiled by Bloomberg. The index turned into Asia's most expensive from the second-cheapest four years ago as rallies in Ayala Land Inc and Bank of the Philippine Islands lifted the gauge to 19 times estimated profits.

Aquino's efforts to boost spending on government projects and tackle corruption are convincing foreign investors to look past the nation's speculative-grade credit rating and focus on the third-fastest growth in Asia after China and Thailand. While Invesco Ltd says shares are too expensive, Samsung Asset Management and Religare Capital Markets see further gains of at least 20 per cent and an investment-grade ranking this year.

"Funds will remain net buyers," Alan Richardson, who helps oversee about US$110 billion as a money manager at Samsung Asset in Singapore, said in a Feb 6 email. "The focus is on opportunity and growth rather than contraction caused by deleveraging, bank recapitalisation, fiscal austerity and increased regulatory oversight in many of the developed economies."

The benchmark gauge for the nation's US$236 billion equity market rose 0.9 per cent, the biggest gain in Asia today, to a record 6,620.72. The bull market, defined as an advance of at least 20 per cent from the most recent low without a drop of the same magnitude on a closing basis, is the biggest since Bloomberg began compiling Philippine index data in 1987.

Mexico's IPC Index has climbed about 161 per cent since March 2009, making it the second-biggest bull market among 45 emerging and advanced countries, while the Standard & Poor's 500 Index is up 125 per cent from a low in the same month. In China, the biggest emerging market, the Shanghai Composite Index has increased 24 per cent from its Dec 3 low.

Philippine shares will probably return about 38 per cent by the end of 2014, according to Samsung's Mr Richardson. The benchmark index may rally 20 to 30 per cent this year, said John Sturmey, head of equity capital markets at Religare Capital Markets, a unit of New Delhi-based Religare Enterprises Ltd.

"We are very bullish on the Philippines for this year and the following years," Mr Sturmey said in a Feb 5 interview in Manila.

Foreign investors purchased a net US$819 million worth of shares in Asia's 12th-biggest stock market this year, 120 per cent more than during the same period a year ago, according to Philippine Stock Exchange data compiled by Bloomberg. The nation of about 100 million people recorded US$2.5 billion of inflows last year, the most since Bloomberg began tracking the data in 2000.

Stronger peso

Growing confidence in the economy is also boosting the nation's currency and debt. The peso has appreciated 5 per cent against the dollar during the past 12 months, the most in emerging markets
and reached the strongest level since 2008 last month at 40.55 to the dollar.

Yields on local-currency debt, rated BB+ by Standard & Poor's, fell to a record 3.76 per cent on Jan 28, according to the JPMorgan GBI-EM Philippines Index. The cost to insure government bonds, rated one level below investment grade, against non-payment for five years using credit-default swaps was 103 basis points yesterday, data compiled by Bloomberg show. That compares with 121 for Brazil, whose foreign-currency debt is rated two levels above the Philippines.

Philippine gross domestic product increased 6.8 per cent from a year earlier in the fourth quarter, compared with 7.9 per cent in China. The euro region contracted during the period, while the US expanded 1.5 per cent.

Mr Aquino plans to boost spending to a record and seek more than US$17 billion of infrastructure investments to spur growth of at least 6 per cent this year. Projects to build a toll-road south of Manila and more than 9,300 classrooms have already been announced since he took office in June 2010.

The 53-year-old president has narrowed the budget deficit by cracking down on tax evasion and raising taxes on liquor and tobacco. The gap was probably 2.3 per cent of GDP in 2012, Budget Secretary Butch Abad said in a Feb 14 interview in Manila. That's down from 3.5 per cent in 2010, according to Philippine Department of Finance data.

Mr Aquino, who had a 66 per cent approval rating in a January survey conducted by Pulse Asia, has also focused on reducing corruption. Renato Corona, the country's top judge, was ousted in May for illegally concealing his wealth.

The Philippines was ranked 105 on Transparency International's 2012 Corruption Perceptions Index, an improvement from 134 in 2010. (A lower ranking signals less corruption.)

"The macro environment looks very positive and the Philippines probably has the cleanest government in its history," Alistair Thompson, deputy head of Asia Pacific ex- Japan equities at First State Investments in Singapore, said in a Jan 16 phone interview. "Companies are very optimistic." His firm oversees about US$147 billion.

Philippine stock valuations already reflect the good news, according to Paul Chan, the Hong Kong-based chief investment officer for Asia ex-Japan at Invesco, which oversees about US$713 billion.
The benchmark index's valuation of 19 times projected 12-month earnings is the highest since Bloomberg began compiling the data in January 2006 and 46 per cent more expensive than the MSCI All-Country World Index. The Philippine gauge has the world's second-highest multiple after Greece's ASE Index, which trades at 22 times estimated profits, the data show.

Ayala Land, a Manila-based developer, is valued at 39 times 2013 profit forecasts, more than twice the median multiple for global peers, according to the average of 14 projections compiled by Bloomberg.

Bank of the Philippine Islands, the country's biggest lender by market capitalisation, trades for four times net assets, versus the 1.6 industry average.

Earnings outlook

Earnings-per-share in the Philippine index will probably increase 14 per cent in the next 12 months, versus 25 per cent for the MSCI All-Country gauge, according to analyst estimates compiled by Bloomberg.

"The Philippines is a very crowded market," Invesco's Mr Chan said in a Feb 7 phone interview. He cut Philippine positions to less than 1 per cent of total holdings from "much higher" levels last year and prefers shares in China and South Korea, where price-earnings ratios are about half the level of the South-east Asian nation's.

There is "probably room" for Philippine stock valuations to climb as long as growth in earnings and the economy can be sustained, Hans Sicat, president of the country's bourse, said in a Feb 15 interview in Tokyo.

First State's Mr Thompson said he purchased shares of Manila-based BDO Unibank Inc after visiting the country in November. The nation's second-biggest bank by market value trades for 2.2 times net assets, about half the multiple of Bank of the Philippine Islands.

"We remain positive," Douglas Cairns, an investment specialist for Asia and emerging-market equities at Threadneedle Investments in London, which oversees about US$122 billion, said in an email on Feb 7. Mr Cairns said the firm has overweight holdings in Philippine shares, meaning positions exceed the country's representation in benchmark indexes.

An investment-grade credit rating may open Philippine capital markets to pension funds and endowments that have avoided the country, according to Samsung Asset's Mr Richardson.

The rating will probably be upgraded in the first half, central bank Governor Amando Tetangco said in a Bloomberg Television interview on Jan 25. S&P raised its outlook to positive from stable on Dec 20, citing the stability of Mr Aquino's administration and economic growth. GDP will probably increase 6 to 7 per cent this year and accelerate in 2014, Economic Planning Secretary Arsenio Balisacan said at a forum in Manila on Feb 13.

Investors should add to their stock holdings on any declines, Christopher Wood, a Hong Kong-based strategist at CLSA Asia-Pacific Markets who recommends a bigger overweight position in the Philippines than any other equity market in Asia excluding Japan, said in a Feb. 7 report. "In such a structural bull market, those investors who focus too much on valuations sell way too early." - Bloomberg

...the Investment "Sweet Spot"

Editorial

Philippines 'Sweet Spot' for Investment


Manila Bulletin
February 18, 2013
 
 
The Philippines edged its Asian neighbors in providing an environment that attracts big foreign companies. Besides traditional investment sources such as United States of America, Japan, South Korea, and Taiwan, potential investors from Europe, the Middle East, and Africa now look at the country as investment site.

The Board of Investments (BOI) reported that R75 billion worth of investments poured in the first month of 2013 the biggest of which was the R40-billion Subic power project. BOI-registered investments come with tax holiday packages and incentives to attract more big companies. The growing investor confidence is fueled by the robust 6.6% growth in the economy in 2012, a competitive labor force, and a stable government.

The International Finance Corp. (IFC), the private sector financing arm of the World Bank, plans to invest up to $400 million in the Philippines in 2013 in Public-Private Partnership (PPP) projects, transport, tollroads, water, and power, particularly renewable.

The United Kingdom (UK) has increased trade and investment in the Philippines, particularly in information and communications technology, PPP, retail, education, energy, and health care.

Investments from Taiwan rose over 30 percent to $400 million in 2012 from $300 million in 2011, according to the Taipei-based Manila Economic and Cultural Office. Some $400 million in investments were infused by 16 companies in various Philippine industries, of which about $100 million went to Clark and the rest to economic zones in Batangas, Laguna, and Cavite. Some 800,000 Filipinos are employed today by foreign investors in 275 special economic zones nationwide.

We congratulate the Department of Trade and Industry, headed by Secretary Gregory L. Domingo, and other Officers, in their collective efforts to push for long-term and sustainable investments to ensure a strong economy in the Republic of the Philippines. CONGRATULATIONS AND MABUHAY!

Tuesday, February 19, 2013

...the Pinay in The Bachelor

Pinay among top three vying for Bachelor’s heart


Joseph Pimentel | AJPress
Catherine Ligaya Mejia Giudici
Catherine Ligaya Mejia Giudici
A half-Filipina is in the running to be the Bachelor’s next sweetheart.

Catherine Ligaya Mejia Giudici is a 26-year-old graphic designer and blogger from Washington who has survived eight episodes.

So far, she has bested 23 other female contestants to make it in the top three for Sean Lowe’s affection in ABC’s reality series, The Bachelor.

Catherine is the daughter of Cynthia Mejia-Giudici, a trustee for the Filipino-American National Historical Society in Seattle.



Her father, Carey “Trip” Guidici, is of Scottish and Swiss-Italian descent, and a renowned journalist and former editor-in-chief of Northwest Asia Weekly.

The Bachelor is a popular reality television dating game show where women compete for the affection of a “Bachelor.”

This season (its 17th) features 28-year-old Sean Lowe, an insurance agent from Texas, as the Bachelor.

On Monday’s episode, Catherine introduced Lowe to her family in Seattle. There, the couple ate lumpia and Catherine shared how to show proper respect to her Lola (grandma) in traditional Filipino culture by placing her hand on his forehead (doing the “mano po”).

Catherine is a graduate of Washington State University and is a “self-proclaimed ‘opportunistic vegan.’”

According to her bio, she currently works at Amazon and blogs for Seattleite, a lifestyle website.

(www.asianjournal.com)
(LA Midweek February 20, 2013 MDWK pg.2)


 

...the international peace awardee 2012

Pinay named 2012 international peace awardee



Balazo


MANILA, Philippines - A Filipino-Australian has joined the list of distinguished international peace awardees after receiving the World Methodist Peace Award for 2012.

Joy Balazo, who hails from Mindanao, has been recognized for over 20 years of work as a mediator and builder of peace by the World Methodist Council at ceremonies held last week at the Wesley Mission in Sydney.

World Methodist Council general secretary Bishop Ivan Abrahams presented the award to Balazo, who has been working with the Uniting Church in Australia and Uniting World, an aid organization, to help build peace in communities caught in conflict and violence.

Ten years ago, she established the Young Ambassadors for Peace, and worked with local communities to establish eight peacemaking centers in various parts of the Asia-Pacific.

During the awarding ceremony, Abrahams spoke of Balazo’s inspiring dedication and commitment to sowing peace even in the most difficult of situations, as her work took her across the Asia-Pacific region including Ambon, Indonesia, the Southern Highlands of Papua New Guinea, the Solomon Islands, Sri Lanka, Myanmar, Northeastern India, Timor Leste and Bougainville.

Last year, Balazo returned to the Philippines to work and support efforts for peace and sustainable livelihood for the indigenous Subanen people of Zamboanga.

 

Monday, February 18, 2013

...the Filipinos in the eye of an American expat

Love letter to Filipinos


By David H. Harwell
Philippine Daily Inquirer
 
 
 
 
 
 
I am writing to thank Filipinos for the way you have treated me here, and to pass on a lesson I learned from observing the differences between your culture and mine over the years.

I am an expatriate worker. I refer to myself as an OAW, an overseas American worker, as a bad joke. The work I do involves a lot of traveling and changing locations, and I do it alone, without family. I have been in 21 countries now, not including my own. It was fun at first. Now, many years later, I am getting tired. The Philippines remains my favorite country of all, though, and I’d like to tell you why before I have to go away again.

I have lived for short periods here, traveled here, and have family and friends here. My own family of origin in the United States is like that of many Americans—not much of a family. Americans do not stay very close to their families, geographically or emotionally, and that is a major mistake. I have long been looking for a home and a family, and the Philippines is the only place I have lived where people honestly seem to understand how important their families are.

I am American and hard-headed. I am a teacher, but it takes me a long time to learn some things. But I’ve been trying, and your culture has been patient in trying to teach me.

In the countries where I’ve lived and worked, all over the Middle East and Asia, it is Filipinos who do all the work and make everything happen. When I am working in a new company abroad, I seek out the Filipino staff when I need help getting something done, and done right. Your international reputation as employees is that you work hard, don’t complain, and are very capable. If all the Filipinos were to go home from the Middle East, the world would stop. Oil is the lifeblood of the world, but without Filipinos, the oil will not come from the ground, it will not be loaded onto the ships, and the ships will not sail. The offices that make the deals and collect the payments will not even open in the morning. The schools will not have teachers, and, of course, the hospitals will have no staff.

What I have seen, that many of you have not seen, is how your family members, the ones who are overseas Filipino workers, do not tell you much about how hard their lives actually are. OFWs are very often mistreated in other countries, at work and in their personal lives. You probably have not heard much about how they do all the work but are severely underpaid, because they know that the money they are earning must be sent home to you, who depend on them. The OFWs are very strong people, perhaps the strongest I have ever seen. They have their pictures taken in front of nice shops and locations to post on Facebook so that you won’t worry about them. But every Pinoy I have ever met abroad misses his/her family very, very much.

I often pity those of you who go to America. You see pictures of their houses and cars, but not what it took to get those things. We have nice things, too many things, in America, but we take on an incredible debt to get them, and the debt is lifelong. America’s economy is based on debt. Very rarely is a house, car, nice piece of clothing, electronic appliance, and often even food, paid for. We get them with credit, and this debt will take all of our lifetime to pay. That burden is true for anyone in America—the OFWs, those who are married to Americans, and the Americans themselves.

Most of us allow the American Dream to become the American Trap. Some of you who go there make it back home, but you give up most of your lives before you do. Some of you who go there learn the very bad American habits of wanting too many things in your hands, and the result is that you live only to work, instead of working only to live. The things we own actually own us. That is the great mistake we Americans make in our lives. We live only to work, and we work only to buy more things that we don’t need. We lose our lives in the process.

I have sometimes tried to explain it like this: In America, our hands are full, but our hearts are empty.

You have many problems here, I understand that. Americans worry about having new cars, Filipinos worry about having enough food to eat. That’s an enormous difference. But do not envy us, because we should learn something from you. What I see is that even when your hands are empty, your hearts remain full.

I have many privileges in the countries where I work, because I am an expat. I do not deserve these things, but I have them. However, in every country I visit, I see that you are there also, taking care of your families, friends, bosses, and coworkers first, and yourselves last. And you have always taken care of me, in this country and in every other place where I have been.

These are places where I have been very alone, very tired, very hungry, and very worried, but there have always been Filipinos in my offices, in the shops, in the restaurants, in the hospitals, everywhere, who smile at and take good care of me. I always try to let you know that I have lived and traveled in the Philippines and how much I like your country. I know that behind those smiles of yours, here and abroad, are many worries and problems.

Please know that at least one of us expats has seen what you do for others and understands that you have a story behind your smiles. Know that at least one of us admires you, respects you, and thanks you for your sacrifices. Salamat po. Ingat lagi. Mahal ko kayong lahat.

David H. Harwell, PhD, is a former professor and assistant dean in the United States who now travels and works abroad designing language training programs. He is a published author and a son of a retired news editor.

 

...the Filipino people

Who is the Filipino? genome expert asks


By Tarra Quismundo
Philippine Daily Inquirer
 

It is a question that has been asked for generations: “Who is the Filipino?”

A Filipino-American scientist and global genomics expert believes the answer is in every one of us, literally.

Michael Purugganan, a world authority on the molecular study of the origin, evolution and characteristics of organisms, is calling on the government, private sector and Filipino scientists to embark on the Philippines’ own genome project—an undertaking that would determine where the Filipino comes from.
 
 
 
 

“One of the things that I’ve always advocated is a systematic analysis of the genome of Filipinos… It’s still really basic research but I think it has practical values. It allows us to see, for example, what genetic diseases we might have, which might help doctors,” Purugganan told the Inquirer on Jan. 30.

“Just as important is that it allows us to see who we are, to tell the story of who we are. That’s a very powerful idea, that we as Filipinos can go to our DNA and see who we are and what makes us different,” said the dean of science at New York University (NYU) while on a visit to Manila.

Purugganan, who works closely on rice genome studies with the Laguna-based International Rice Research Institute, proposed to look into the DNA of a representative group of 10 Filipinos from different provinces and tribal groups, and sequence their genome, the entirety of an organism’s genetic makeup.

The project would ultimately answer the question that one local apparel brand posed through billboard ads last year: “What’s your mix?”
 


 
“I remember somebody asking me that and I had to think about it. I said, ‘I actually don’t know what being a Filipino means genetically.’ So, genetically we’re mixtures of Taiwanese, Chinese, Indonesian, Indian, Arab, Spanish, probably some American and British. It’s just different degrees,” Purugganan said.

This is not to say, however, that no one is native Filipino, said Purugganan, who became the features editor of the Collegian in the early 1980s and finished a chemistry degree at the University of the Philippines (UP), before taking up advanced studies in top universities in the United States.

Most everyone, after all, is born with a mix of bloodlines from different parts of the world, given the long history of human migration, settlement and, in the case of the Philippines, colonization.

“Of course, there is native Filipino. What it means to be native Filipino is to be somebody who lives on these islands and traces his ancestry from all these people who have come to these islands for tens and thousands of years,” said the professor, who heads NYU laboratories in New York and Abu Dhabi primarily studying the evolution of plant genomes.

“Even though we’re mixtures from all these places, we can find out what makes us different from all those mixtures,” said the Manila-born Purugganan.

He said other countries like India and China had sequenced the genomes of their citizens as they understood “why it’s important economically and culturally.”

“India has sequenced 200 genomes. China has done it and there’s a big international project on a thousand genomes. They want to know who they are. They want to know what mutations there are in genomes of citizens that would allow them to develop new drug therapies,” the professor said.

It’s a test that Purugganan had done on himself to determine his ancestry. “I actually thought that my father was a quarter Spanish. Turns out my father was half-Spanish. My grandmother was full Spanish. I’m quarter,” said the 49-year-old professor, who visits the Philippines once or twice a year.

“And I found out that my Y chromosome, the maleness gene, is related to the Y chromosomes found in China, which is probably true because we probably got a lot of immigration from China and a lot of intermarriages,” he said.

While already tied up in teaching, laboratory and administrative tasks at NYU, Purugganan said he would be willing to lead the effort. He believed the project should be conducted by an all-Filipino team.

“We do have in the country people who can do it. They’ve never done this project but I don’t think that would stop them from doing this… I think our scientists are very, very good, really motivated, well-trained and they’re looking for exciting challenges,” he said.

He expressed admiration for his Filipino colleagues, noting how they cope with challenges that continue to hound scientists in the Philippines, including limited resources for research and low pay.

Purugganan said the Philippine Genome Center at UP Diliman had expressed interest in the project if granted proper funding. The NYU dean of science, who sits on the center’s international advisory board, said he was “very impressed” with UP’s genome lab, saying it had genome sequencers and other equipment at par with those used in top laboratories overseas.

He said his proposed Philippine genome study could be done at P5 million. Government and private foundations could partner for the program. “It’s something that would be exciting, something that would resonate with Filipinos,” he said.
 
 

...the Asia's energy efficient countries

PH among 5 most energy efficient countries:ADB

 
 
 
Written by RICHMOND MERCURIO
Malaya Business News Online
17 February 2013
 
 
The Philippines is now ranked among the top five most energy efficient countries in Asia.

Unfortunately, energy cost here is also one of the highest in the region.

The Asian Development Bank principal energy specialist Sohail Hasnie, said that the Philippines is one of the leaders in terms of energy efficiency among its Asian neighbors.

“In Southeast Asia, the Philippines is very, very ahead,” Hasnie told Malaya Business Insight.

DOE undersecretary Loreta Ayson said that the country’s energy efficiency initiatives are close to, and in some case even at par, with energy-efficient Asian countries like China, Japan, Singapore, and Korea.

“I think we’re a leading country as far as energy efficiency is concerned,” Ayson said.

Ayson, however, noted that there is still a lot of room to grow for the country, saying that “we can do more things to promote and implement energy efficiency.”

Hasnie reported that the Philippines have one of the largest number of energy efficiency projects that ADB is financing at present. He said that the biggest is in China.

The ADB has funded $31 million via loan the government’s Philippine Energy Efficiency Project (PEEP). The Philippine government, for its part, contributed P625 million.

According to Hasnie, government initiatives in electric vehicles and massive usage of CFL lights have elevated the country’s energy efficiency status.

Hasnie said that the Philippines is the first Asian country to phase out incandescent bulbs to aggressively promote CFLs for households.

“I think the engagement we’ve seen in the Philippine government is quite significant,” he noted.
Hasnie has also aired his optimism in the country’s chance in maintaining its leadership status in energy efficiency for years to come.

“Once you start, once you are in the forefront, you continue to be there,” he noted.

The DOE’s PEEP which was launched in 2009 has continually highlighted the need to vigorously implement energy saving measures to help the country curb its growing energy demand.

It hopes to result to total savings of 243 megawatts a year equivalent to P3.2 billion.

To date, the PEEP has accomplished the distribution of 8.6 million CFLs in households nationwide, the retrofitting of lighting systems in 150 government buildings and the retrofitting of traffic lights in 265 intersections in Metro Manila and Cagayan de Oro City.

“I would put it (energy efficiency) as something as doing more for less and pursuing efforts on saving electricity and fuel,” Ayson said.

With a Philippine Energy Roadmap set until 2030, Ayson hopes to see the country further elevating its status in energy efficiency.

“I think 2030 should make a difference. It’s a dream (to be the number one energy efficient country in Asia), but we can work for it,” Ayson noted.

 

...the Asia's Next Top Models

Pinay Stephanie Retuya Wins First Runner-Up In Asia’s Next Top Model



By ROWENA JOY A. SANCHEZ
Manila Bulletin
February 18, 2013
 
 
Stephanie is a ‘part-time model and a full-time mother to a baby girl’ (‘Asia’s Next Top Model website)
Stephanie is a ‘part-time model and a full-time mother to a baby girl’ (‘Asia’s Next Top Model website)


MANILA, Philippines - Stephanie Retuya is still on a high after finishing first runner-up in “Asia’s Next Top Model (AsNTM)” held Feb. 17 in Singapore.

Jessica Amornkuldilok of Thailand walked away with the top prize while Kate Ma of Taiwan ranked third.

“For everyone who continuously supported me on this once in a lifetime journey thank you so much!!!! God Bless Everyone!” Stephanie tweeted Sunday night.

In the first cycle of “AsNTM,” an adaptation of the hit fashion reality show “America’s Next Top Model,” Stephanie was regarded an “underdog,” holding the record for the most times in the bottom two (five to be exact), and with no best photo award garnered.

Nevertheless, as what was posted on the “AsNTM” official Facebook fan page, “She’s also right behind the other two finalists in the number of appearances she’s had in the top three! With five top three spots under her belt to Kate’s six and Jessica’s seven.”

For their final challenge, the Top 3 ladies did a commercial for Canon IXUS, a shoot for Harper’s BAZAAR Singapore, and a runway show featuring the creations of Singaporean designer Frederick Lee.

No less than “ANTM” host-creator Tyra Banks served as guest judge.

Tyra found Stephanie’s runway walk “spectacular.”

“You have sass but you're also very sweet. This is a model now although she is not modeling,” said she.

Her magazine shoot, however, was not as stellar for Tyra.

“You were thinking strength but not giving strength,” she pointed out.

According to her bio posted in the “AsNTM” website, Stephanie began modeling about a year ago but had to set it aside when she got pregnant. Now, she's a “part-time model and a full-time mother to a baby girl.”

For someone who used to be shy - and who've never traveled abroad - Stephanie has spread her wings by joining the competition.

“AsNTM” is hosted by Nadya Hutagalung, with fashion director Daniel Boey, fashion photographer Todd Anthony Tyler, and model-mentor Joey Mead King in the judging panel.