...the PH world class gateway

Philippines prepares for world-class airport

Ai Ballesteros
ASEAN Economist
30 November 2019

The Philippines is set to get its own world-class gateway after the National Economic and Development Authority (NEDA) on Friday cleared the consortium’s proposal to revamp the Ninoy Aquino International Airport (NAIA).

The NEDA’s green light was the last approval that needed to be obtained by the consortium, after which it will undergo a competitive bidding or Swiss challenge, where the government will invite more private companies to top the proposal.

The consortium is composed of Ayala Corp., Aboitiz Group’s Aboitiz InfraCapital Inc.,  Andrew Tan’s Alliance Global Group Inc., Lucio Tan-led Asia’s Emerging Dragon Corp., the Gotianuns’ Filinvest Development Corp., the Gokongwei Group’s JG Summit Holdings Inc. and Metro Pacific Investments Corp.

Should there be no bidder within the given time frame, the NAIA consortium will be paved the way for the construction so long as it secures the Department of Transportation’s notice to proceed. The consortium will be given a 15-year concession period.

“This will mainly for the enhancement of the passenger experience, improving the movement of people in the terminal buildings as well as the movement of planes,” NEDA chief Ernesto Pernia told the Philippine media.

In September this year, a high official from NEDA who declined to be named said Swiss challenge is likely to happen within the end of the year.

In July this year, NEDA returned the consortium’s offer to rehabilitate NAIA and required another round of revision.

The consortium was told to follow the operations and maintenance template of the Clark International Airport in Pampanga.

Prior to NEDA, the Department of Transportation already gave its go-signal saying the offer “was acceptable.”

The rehabilitation of NAIA was one of the Duterte administration’s priorities after suffering from worsening congestion in the past few years. It is servicing 40 percent more than its designed capacity.

Last year, listed construction firm Megawide Construction Corp. expressed its interest in participating in the Swiss challenge for NAIA rehabilitation.

Megawide, in partnership with Bangalore-based GMR, developed and currently operates the Mactan-Cebu International Airport.

...The Southeast Asian Game host (opening)

Philippines showcases cultural heritage to kick off 30th Sea Games

New Straits Times
30 November 2019


MANILA: The Philippines staged a spectacular opening ceremony for the 30th SEA Games at the world’s biggest indoor arena, the Philippine Arena, in Bulacan, near here, tonight.


In a departure from tradition, the opening ceremony was held in an indoor arena rather than a stadium.

Also, for the first time in the biennial Games’ 60-year history, the games cauldron was placed at a different location, at the New Clark City Athletics Stadium, some 90km from Bulacan, and the lighting of the cauldron was shown on screen at the 55,000 capacity arena.

The extravaganza started after Filipino singer Lani Misalucha sang the republic’s national anthem, which was followed by an extraordinary performance themed “The Roots of our Strength”, showcasing the culture and heritage of the nation.

The spectators were treated to a series of warrior dances from the Bagobo, the Kalinga, the Maguindanao, Islamic and the pre-Hispanic Visayans.

The later part of the ceremony was powered by modern and hip-hop performances led by local artistes Inigo Pascual, Robert Sena, Apl.de.Ap and KZ Tandingan, among others.

The contingents received loud cheers from the audience as they paraded into the arena in alphabetical order, starting with Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Timor Leste and Vietnam, before host nation the Philippines ended the march.

Led by flag-bearer and 2018 bowling world champion Rafiq Ismail, the Malaysian contingent were represented by a delegation of about 100, including chef de mission Datuk Megat Zulkarnain Omardin and his two deputies, Nurul Huda Abdullah and Ahmad Faedzal Md Ramli.


With the men dressed in white baju melayu and red samping with tengkolok, and the women in white baju kurung and selendang with Jalur Gemilang motif, and black shoes, the multi-racial Malaysian contingent, the hosts of the previous games, walked past the crowd proudly, symbolising the multiculturalism of the country.

World renowned Filipino boxers Manny Pacquiao and Nesthy Petecio were given the honour as the torchbearers before they jointly lit the cauldron to officially mark the beginning of the 30th SEA Games, after Philippine President Rodrigo Duterte had declared open the Games.

Themed ‘We Win As One’, the Games will run for 12 days until the closing ceremony at the New Clark City Athletics Stadium on Dec 11.

More than 8,000 athletes from the 10 ASEAN countries and Timor Leste will compete in 530 events in 56 sports at the three main clusters, namely Manila, Clark and Subic.

The Philippines have hosted the SEA Games three times before – in 1981, 1991 and 2005.

This year’s Games see the introduction of a few new sports such as arnis, jujitsu, kickboxing, underwater hockey and esports.

Defending champions Malaysia have sent a strong contingent of 773 athletes and 339 officials to participate in 52 sports, targeting 70 gold, 51 silver and 105 bronze medals, which is expected to place them fourth overall.– BERNAMA

...the PH economic gain with China

Philippines reaping economic benefits from harmonious ties with China: Finance Chief

Xinhuanet.com
25 November 2019

MANILA, Nov. 25 (Xinhua) -- Philippine Finance Secretary Carlos Dominguez has said that the 
Philippines is reaping the benefits from building a harmonious relationship with China, reiterating 
the Philippines' full support for China's Belt and Road Initiative (BRI).

In a finance forum held in Guangzhou, China over the weekend, Dominguez pointed out that as a 
result of this warming of relations between the two countries on President Rodrigo Duterte's 
watch, China has become the Philippines' biggest trading partner and one of the largest 
tourism markets.

Since 2016, he said, the Philippines' total trade with China increased at an average of 15 percent 
annually. Last year, the total trade with China reached 52 billion U.S. dollars, which was 15 
percent higher than the 2017 level.

Chinese tourist arrivals in the Philippines, meanwhile, grew at an average of 27 percent per 
year since the start of the Duterte administration, he added. "It reached 1.63 million arrivals in 
2018, or 23 percent higher than the visits recorded in 2017."

Moreover, he said the Philippines obtained the best terms - a very tight spread of 32 basis points 
over  the benchmark - for its maiden and subsequent "Panda" bond issuances in the Chinese 
market.

The China Lianhe Credit Rating also rated the Philippines' Panda bond issuances as Triple A, 
which is its highest rating, he said.

"The synergy created by closer Philippines-China economic cooperation is true for all the rest 
of the region. This is the reason we see even closer economic integration between China and
 the ASEAN economies," Dominguez said.

During the forum, Dominguez reiterated the Philippines' full support for China's Belt and Road 
Initiative (BRI), which, he said, will open the vast economic potentials of all countries in the region.

"Improved infrastructure will enhance trade among our economies. Enhanced trade will encourage 
more efficient investment flows. Improved connectivity will enhance the inclusiveness of our 
growth patterns. We have everything to gain from this."

Dominguez noted that the Philippines also has its version of the BRI dubbed the 
"Build, Build, Build" program, which involves 100 highly strategic infrastructure projects as 
well as thousands of infrastructure and logistics improvements all over the country.

This infrastructure modernization strategy, aimed at lowering the Philippines' poverty incidence 
from 27.6 percent in the first half of 2015 to just 14 percent by 2022, will lower the costs of 
moving people and goods, bring remote communities closer to the economic mainstream, and 
"create numerous  investment opportunities that will unleash the latent strengths of our economy," 
he said.

"We are relying on this program to induce internally generated growth that will enable us to 
expand despite a challenging global environment brought about by protectionist policies 
in the West," Dominguez said.

...the future of ASEAN

South Korea's Moon says the Philippines is 'future of Asean'


Pathricia Ann Roxas
Inquirer.net
25 November 2019

BUSAN, South Korea — South Korean President Moon Jae-in has described the Philippines as “the future of Asean” as President Rodrigo Duterte met him in a bilateral meeting here Monday.

“The Philippines is the future of Asean as it continues to achieve an impressive growth rate of 6 percent each year thanks to your outstanding leadership,” Moon said in his opening speech.

“Through our meeting today I hope to strengthen my friendship with you and extend our bilateral cooperation to contribute further to the development of Asean,” he added.

For his part, Duterte expressed gratitude to the Korean government for their 70 years of cooperation in various areas like trade, industry, agriculture, infrastructure, and technology.

Duterte said the two nations “took diverging paths and fortunes,” with South Korea rising “as one of Asia’s economic and technological powerhouse.”

“Ours faltered, but with perseverance, the Philippines has since recovered and is now an emerging economy,” Duterte said.

He further noted that South Korea was the Philippines’ 4th largest trading partner in 2018 as well as a major source of foreign and direct investments.

“I assure you that the Philippines will find common cause and purpose with the Republic of Korea towards enhancing our bilateral engagement and promoting peace and stability in your region,” Duterte promised.

This bilateral meeting is anticipated to result in the two leaders’ signing of agreements on education, tourism, social security, and fisheries.

Edited by KGA

...the top foreign investment destination

Philippines a top foreign investment destination  with 613% surge in approved investments

PR  Newswire Asia
22 November 2019

BOI Figures Show +600% Rise by September 2019 with South Korea Topping Foreign Investments from East Asia

MANILA, Philippines, Nov. 22, 2019 /PRNewswire/ -- New data has unveiled a surge in BOI approved foreign investments which are expected to flow into the Philippines over the next 2-3 years.

These initiatives have made the Philippines a top investment destination, largely attributable to its continuing digital transformation and combined information and communications technology (ICT) and infrastructure efforts.



Approved foreign investments by the end of September 2019 reached USD4.7 billion, a 613% rise from USD659 million in the same period in 2018, BOI figures show. Investment approvals as of September 2019 totaled USD15 billion, a 105% jump from USD7.31 billion in the same period of the previous year. 

The tourism sector also continues to rise with USD186.3 million worth of hotel and accommodation projects, while manufacturing is seeing consistent growth of USD1.24 billion of approvals, a 190% increase on last year. 

Trade and Industry Secretary and BOI chairman Ramon M. Lopez applauded the results, commenting: "This data shows that big-ticket projects are now rolling in, proving the strength and resilience of the Philippines economy in attracting foreign investors despite the global slowdown. 

"The results are a testament to the Philippines as a great place for foreign investment where business can thrive."

Explore investment opportunities in the Philippines

Investors can explore business opportunities in the Philippines at Invest ASEAN 2019 in Busan, South Korea on November 25-26 where the BOI will represent the country considered by the US News and World Report in 2018 as the best to invest in.

At this event, BOI will showcase opportunities in specific priority sectors: manufacturing, specifically electric vehicle and auto parts; infrastructure and construction; and tourism

"This growth, together with a suite of incentives such as tax holidays and exemptions from duties on imported spare parts makes the Philippines an enviable investment destination and one-stop-shop for business within Asia and beyond," added Lopez. 

...the Billboard 's Next Big Sound toppers

Pinoy group SB19 enters Billboard' s Next Big Sound Chart

ABS-CBN News
20 November 2019

MANILA -- Pinoy pop group SB19 has earned a spot on a Billboard chart which lists musical acts for their fast-rising popularity.

On Wednesday, SB19 grabbed the sixth spot on Billboard's Next Big Sound chart, behind K-pop boy band A.C.E.

he Next Big Sound chart tracks "the fastest accelerating artists during the past week, across all major social music sites, statistically predicted to achieve future success," according to the Billboard website.

The chart is measured by Next Big Sound, an American company which provides analytics on online music.

Fans of the five-member group took to social media to celebrate the milestone, with the hashtag #SB19onBillboardNBS topping local Twitter trends on Wednesday morning.

Comprised of Sejun, Stell, Ken, Josh, and Justin, SB19 debuted in October 2018 with the song "Tilaluha."

The group achieved mainstream popularity after a video of the members' dance practice for their sophomore single, "Go Up," went viral on social media in September.

• The group, which is managed by a Korean entertainment company and whose members trained in South Korea, is noted for its synchronized dance performances.
• 
  

...the PH improved world talent ranking

Philippines up 6 notches in world talent ranking

Louella Desiderio
Philippine Star 
19 November 2019

MANILA, Philippines — The Philippines was among 63 countries that posted the biggest climb in the latest World Talent Ranking (WTR) report of the International Institute for Management Development (IMD), as it rose six places to 49th place from 51st last year.

The country remained the laggard however, among Southeast countries.

Released in partnership with the Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness in the Philippines, the WTR looks at countries’ ability to attract, develop and retain an employable talent pool.

The other countries which posted the biggest improvements are Taiwan, which went up seven places to 20th; Lithuania, which rose eight notches to 28th; and Colombia which advanced six places to 54th.

While the Philippines’ ranking improved in this year’s report, it was still behind its peers in the region.

All other Southeast Asian countries included in the report had better rankings than the Philippines such as Singapore (10th), Malaysia (22nd), Indonesia (41st), and Thailand (43rd).

In ranking countries, the WTR looked at three factors such as investment and development, appeal and readiness, and took into account responses to IMD’s executive opinion survey.

In the investment and development factor which measures funds poured in, as well as development of domestic human resources, the Philippines ranked 61st, up from the 62nd spot last year.

“This represents a one-place improvement from 2018, but this factor has consistently ranked in the 60s. Its low rank was mostly driven by pupil-teacher ratio in primary and secondary education and public expenditure on education per student,” IMD said.

As for the appeal factor, which looks at the ability to attract and retain high-quality talent from abroad, the Philippines rose to 31st place from 38th a year ago.

IMD said the highest ranked indicators for the Philippines under the appeal factor were cost of living and effective personal income tax rate, while the lower ranked ones were quality of life, justice, and brain drain.

When it comes to the readiness factor which assessed the quality and growth of the existing talent pool, the country placed 26th, 11 places higher than the previous year’s 37th.

“The relatively higher rank of the readiness factor was mostly driven by indicators on skilled labor, language skills, and share of science graduates among college degree holders,” IMD said.

Switzerland continued to top the WTR, strengthening its position as a global talent hub.

This was followed by Denmark in second place, and Sweden on the third spot. Mongolia, on the other hand, was at the bottom of the list or 63rd place.

...the world's most diverse football team

Philippines taking multicultural dream on to global stage

FIFA.com
19 November 2019

There is not a national squad like that of the Philippines anywhere else on the planet. This statement can only be understood by delving a bit deeper into the team’s recent history.

In 2005, an anonymous video games fan got in touch with the Philippine Football Federation (PFF) to inform them that Phil and James Younghusband, two English brothers coming through Chelsea’s youth set-up, had a Philippine mother and were eligible to play for the Azkals.

In a region where basketball and boxing tend to take centre stage, it was essential for the PFF to find a way of boosting football’s profile and popularity. And that is where history plays a decisive role: throughout the last century, Filipinos were long associated with searching for opportunities far outside their borders. As a consequence, thousands of Filipino citizens and their descendants play in countries with a richer footballing history.

The Miracle of Hanoi

The idea of unearthing players in far-flung parts of the world began to take shape, but results did not initially follow. The PFF decided not to enter the qualifying campaigns for the 2006 and 2010 FIFA World Cup™ tournaments, because, despite the significant economic and logistical efforts being made, the team’s level of play was still too low. In the end, the transformation of the Filipino national team was achieved through a focus on improving competitiveness, which would eventually bear fruit at major tournaments.

One of the most striking examples of tangible progress came at the AFF Championship, a competition which pits some of the best nations in south-east Asia against each other every two years. In 2010, Vietnam – hosts and defending champions – were drawn to play Philippines in the second match of the group stage – a daunting challenge for a side that had lost five and drawn one of their last six games.

However, an eye-catching performance by the Azkals led to what is now commonly known as the 'Miracle of Hanoi'. Goals from the English-born pair of Chris Greatwich and Phil Younghusband silenced the 40,000 home fans, in the new mixed-race generation’s first landmark victory.

From video games to social networks

Following that memorable success, a number of players with Filipino parentage expressed a desire to represent the national team.

Sometimes, it was the PFF that took the first step. “My mum is from the Philippines, and they contacted me to find out if I wanted to be part of the team,” forward Angel Guirado – born in Spain, and a Filipino international since 2011 – told FIFA.com.

On other occasions, word of mouth and the emergence of social networks provided the link. “I had a friend who played with Angel Guirado in Spain, and I’d heard the story,” explained Carli De Murga, who is another Spaniard with a Filipino mother, and who has also represented Philippines since 2011. “I contacted Angel through Facebook, and he put me in touch with the Federation. I sent them a video and they called me up straight away.”

Currently, the squad includes footballers born in 12 different countries: Germany, England and Spain make up the majority, but Denmark, Norway, the Netherlands, Scotland, Australia, Italy, Switzerland, Japan and the United States also feature.

What is it actually like to be part of such a multicultural squad? “The atmosphere is brilliant,” said De Murga. “Personally speaking, playing in the same jersey as people with so many different cultures and customs has really helped me to mature. It broadens your horizons. And I love that everyone’s also quite alike, and that we all feel comfortable in each other’s company.”

Syria showdown key to World Cup dream

Playing in this diverse and familiar environment has started to pay dividends. In January the Filipinos competed in the AFC Asian Cup for the first time, and they currently find themselves in an advantageous position in the second round of Asian qualifying for Qatar 2022.

Philippines lie third in Group A, with the same number of points as China PR. A draw in their upcoming match with Syria would be enough to move them up into second spot (based on their record, the runners-up may qualify for the third round), at least until the next round of games in March.

“That would be amazing – a fantastic achievement!” said Guirado from the team’s camp in Dubai, where the match is due to take place. “In football, nothing is impossible. The result in our first game with Syria (a 5-2 defeat) did flatter them quite a bit.”

“It’s now or never,” said De Murga. “We have an historic opportunity. Syria have a lot of talent up front, but they sometimes leave themselves open at the back. We have to play as a unit, try to frustrate them, and do them damage any time we get a chance.”

Curiously, Phil Younghusband, the youngest of the two long-serving siblings, announced his retirement from football on Monday. He bids farewell to the game as Philippines’ most capped player (108 appearances) and their all-time top scorer (52 goals), and will likely look on with great excitement as the world’s most multicultural team attempt to pull off another impressive result on Tuesday.