26 APRIL 2019

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8 METRO Sri Lanka naval ship makes port call John Henry Dodson, Editor Friday, 26 April 2019 Daily Tribune Makati subway projects 10,000 jobs Goodwill visit Officials of the Philippine Navy are optimistic that the visit of the Sri Lanka navy will usher in a new era of better cooperation between the two countries and their respective naval forces. BOB DUNGO JR. By Pat C. Santos The Sri Lankan naval ship MV SLN P626, an offshore patrol vessel, arrived Thursday morning in Manila for a four-day goodwill visit. Delegation head Capt. Abeysinghe Arachchige said the port call was aimed at fostering cooperation and strengthening diplomatic relations between the two countries. Also lined-up are confidence building engagements such as shipboard tour, reciprocal receptions and friendly games. This is the first goodwill visit of a Sri Lankan ship in the country since the establishment of diplomatic relations between the two countries in 1961. Before coming to Manila, the said ship went to Honolulu, Hawaii and will head straight to Singapore after concluding its visit in the country. “We are very pleased to make this first visit to your country and this is a sign of our country’s cooperation and highest admiration to your President Rodrigo Duterte,” Capt. Arachchige said. The foreign delegation was warmly welcomed by their Philippine Navy counterparts, headed by the Chief of Staff, Philippine fleet, Capt. Florante Gagua. “The arrival of our Sri Lankan Navy counterparts underscores the continuing efforts to strengthen the relationship between our governments and navies, as this will enhance and sustain the promotion of peace, stability and maritime cooperation through naval diplomacy,” Gagua said. The two navies have scheduled a number of activities during the visit including courtesy call to Flag Officer in Command, Vice Admiral Robert Empedrad. Also lined-up are confidence building engagements such as shipboard tour, reciprocal receptions and friendly games. It is also seen to fuel sustainable economic growth and inclusive progress By Alvin Murcia 19 drug suspects collared Anti-narcotics operatives of Manila Police District have arrested 19 suspected drug dealers and users during two-day relentless operations in various areas of the city. Among those arrested were Josell Suylena, 34, Gino Herrera, 26, Efren Mendoza, 51, Andrew Balignasa, 25, and Ariel Tagarao, 44. They were all arrested last Tuesday and yesterday in several areas in Sampaloc district. In Tondo, nine suspects Mayor Abby Binay yesterday said senior citizens who are still fit to work will be given priority in the hiring of workers for the Makati subway project. Around 10,000 jobs will be made available to Makati residents in the construction and operation of the subway. The mayor described the project as a very valuable legacy to the people of Makati. She also expressed confidence that the subway will substantially improve the quality of life in the city for present and future generations. It is also seen to fuel sustainable economic growth and inclusive progress. The subway, the first of its kind in the country, will be a joint venture between Makati City Lasting legacy Mayor Abby Binay is confident the Makati subway project will substantially improve the quality of life in the city. were also arrested, namely, Jenny Natividad, 36; Tachel Reyes, 18; Landren Natividad, 45; Milo Garza, 52; Mary Jane Balatbat, 28; Bernardita Edejer, 39; Jomarie de la Cruz, 27, and Joven Nakpil, 37. PCSantos By Neil Alcober government and a consortium of local and foreign investors, with no cash out on the part of the city. The 30-year concession with the consortium also includes maintenance and repair of the coaches and the control hub. The mayor said the partner-companies of the city have agreed to allocate jobs for Makati senior citizens who are still fit to work once the subway becomes operational in about five years. “Our private sector partners in the Makati subway project are amenable to hiring able-bodied senior citizens to fill up various posts that will be available once the subway starts its operations about five years from now,” Mayor Abby said. “Just as what Japan has done, we want to keep our elderly residents productive while providing them with a steady source of income for their essential needs,” she added. Binay reiterated that Makati residents will be given priority in the hiring of workers from the Marikina City Mayor Marcelino Teodoro on Thursday denied reports that he withdrew his support to the city police. Teodoro said he did not withdraw support to the local police and shall continue to be its primary advocate as peace and order remains a priority of his administration. “This is not a withdrawal of support but to correct on what is wrong, and to do which I think is good,” he said. “Just like the transfer of citation tickets to our local enforcers. This was my decision after I received reports of alleged abuses by our policemen saying they get 20 percent incentive from this system,” Teodoro added. “On the allegation about gas, I simply requested for a counterpart sharing. As city mayor, it’s my duty to exercise responsible When the 6.1-magnitude earthquake hit Metro Manila last 22 April, Marikina residents did not panic since they know what to do during such situations. It was because residents in the area were trained to react accordingly during an earthquake, which explained why no one among them was hurt during the tremor. It also has field hospitals (rescue and medical emergency) to be deployed in open spaces in times of earthquake. construction phase up to full-blast operations of the intra-city subway system. She pointed out that the private sector had more leeway in hiring senior citizens than government units and agencies, which are constrained by the age limits set by civil service laws. Elderlies could be hired as customer service representatives, ushers/porters, and judicious management of funds — right charging, right accounting,” he continued. He was reacting to a statement of Philippine National Police (PNP) Director General Oscar Albayalde who said that he would seek the help of Interior Secretary Eduardo Año, after receiving reports that Teodoro withdrew its support to the local police. It is a matter of judicious spending in order that activities and programs relating to law enforcement in the city will be met with efficiency. Teodoro said he merely instructed Marikina police chief Col. Redrico Maranan to ensure that operating expenses be equally shared by the PNP platform attendants, administrative assistants, utility workers, liaison officers and security aides. Last December, Mayor Abby led in the unveiling of a scale model of the subway at the city hall lobby. Other participants included former Vice President Jejomar Binay, representatives of the private consortium and other city officials. Mayor belies dumping local police Quake preparedness gives residents edge and the city government, including gasoline expenses for their patrol cars. “It is a matter of judicious spending in order that activities and programs relating to law enforcement in the city will be met with efficiency,” he explained. “It should be reminded that we, the city, have given more to the PNP Marikina in terms of logistics and have even made plans for PNP building. So, to say that we have withdrawn support is far-fetched,” Teodoro said. The mayor added that Albayalde should have verified the facts before making any statement to the media. “They should have called me. For people like us, who have this kind of stature, government officials, it is hoped that we should be very careful with our statement,” he said. Marikina City has five villages that are near the West Valley Fault line among them Barangays Industrial Valley Complex, Barangka, Tañong, Malanday and Tumana. No one has panicked because they (the residents) know what to do when an earthquake strikes. On that particular day, they just ran to open spaces and safe areas. The city also has a family disaster plan for earthquake wherein each household has “go bags.” “We also have an advisory, what to do and bring and then how to assess their structures and their capacity to respond,” one of the city’s first responders said. It has field hospitals (rescue and medical emergency) to be deployed in open spaces in times of earthquake. The city government, likewise, created a local disaster risk reduction and management council that is tasked to oversee and implement the localized earthquake protocol and contingency plans. They also conduct regular earthquake drills for children, so they would know what to do during earthquake. NAlcober Pure grit A young boy takes a break from selling sampaguita flowers under the searing heat of the sun. ROMAN PROSPERO
MOST INNOVATIVE BROADSHEET 2018 44TH PHILIPPINES BUSINESS EXPO THE HEART OF RITA ORA P20 FAIR MEDICINE PRICING A GLOBAL ISSUE P12 WOMAN WAKES UP AFTER 27 YEARS P16 Jun Vallecera, Editor Friday, 26 April 2019 Daily Tribune BUSINESS 9 Investment tag on proposed euro bond THE financial information arm of Standard and Poor’s has determined the investment quality of the planned euro bond transaction worth at least $500 million. ADB boosts Phl lending Multilateral lender Asian Development Bank (ADB) on Thursday announced an increase in financial support for the Philippines. ADB president Takehiko Nakao, citing the country’s improving economic climate, said that for 2019, a total $3 billion in loans could be extended to the Philippines. “We are increasing our lending to the Philippines. Especially this year, we expect new lending to the Philippines to be $3 billion, including the Malolos Clark Railway project,” Nakao said. The government has since started pursuing growth-boosting projects such as road, rail, ports and the Angat water transmission improvement project. By Joshua Lao Standard and Poor’s (S&P) Global, the analytics unit of the sovereign credit watcher that first gave the Philippines an investment grade for its IOU nearly five years earlier, has rated the country’s proposed euro bond sale a triple B or BBB transaction. “S&P Global Ratings today (Thursday) assigned its BBB long-term foreign currency rating to the proposed benchmark-size euro-denominated senior unsecured notes to be issued by the Philippines,” S&P said. “The notes represent direct, general, unconditional, unsecured and unsubordinated obligations of the sovereign and rank equally with the sovereign’s other unsecured and unsubordinated debt obligations,” it added. The rating represents an investment grade a notch above the minimum investment level that affirms earlier expectations. The proposed euro bond sale exercise is consistent with the plan to generate funds for the pursuit of projects such as the flagship “Build, Build, Build” program. National Treasurer Rosalia de Leon acknowledged the lack of specific details at the moment, tentatively saying the whole transaction could be as large as $500 million. The proposed euro bond sale exercise is consistent with the plan to generate funds for the pursuit of projects such as the flagship “Build, Build, Build” program. “(We) will finalize details after assessing market feedback,” De Leon said in a text message. The Philippines has hired banks to arrange investor meetings in Europe for purposes of generating investor interest on the bond sale. The series of meetings begin today, 26 April, across important European financial centers as the cities of Zurich, London, Paris, Frankfurt and Milan with Deutsche Bank and UBS as joint global coordinators while BNP Paribas, Credit Suisse and Standard Chartered serve as bookrunners. We are looking at rural development and food security so there is no starvation and there is good nutrition. “The Philippine economy is growing at a solid pace. Inflation is coming down, there is more space for monetary policy. Revenue to GDP (gross domestic product) ratio is now picking up to 16 percent,” he said. According to him, the ADB fully supports the rural development and improving food security programs of government that reduce the incidence of poverty among member countries. “We are looking at rural development and food security so there is no starvation and there is good nutrition,” Nakao said. ADB country director Kelly Bird then said while the multilateral does not have direct agriculture support for the Philippines, an irrigation project is even now being crafted for eventual deployment by 2021. “When we were in the process of crafting the country business plan, we discussed with the government how we can support agricultural development. So what we are looking at is an irrigation project for 2021,” Bird said. “We will be focusing on Mindanao where there is agribusiness and poverty rate is quite high. We are looking at those two projects, irrigation and flood protection projects,” he added. WATER issues hounding vegetable farmers in and around Luzon translate to more expensive green and leafy items in stalls at the Commonwealth public market in Quezon City. There is no conflict between the two objectives and Damon calls it the unity of purpose — a combination of the desires to excel, to accomplish something important, and to act in a decent and responsible way During this time of globalization, uncertainty, volatility and rapid changes brought about by disruptive technologies, evolving work arrangements, relentless competition and demanding customers and shareholders, what kind of leaders do we need to shepherd our firms and our workers in meeting the various challenges that lie ahead? Many of the articles and books I have read about leadership qualities point to one prime quality: he gets the job done! This in turn makes shareholders happy and contended. To this end, consider the following attributes mentioned time and again of a leader: able to make tough and quality decisions, takes risks and demonstrates confidence, passionate, results-oriented, communicates effectively, a change agent, motivator, holds people under him accountable, sets clear deliverables and timelines and able to develop talents. His concept of morality, includes those “aspirations to make a better place, to act decently, to care for one’s family and one’s neighbors, to live honorably, and to be kind, fair, honest and responsible. All of these qualities pertain to getting the job done. In the movie Wall Street, we witness such a leader that is driven and focused in the character of the extremely wealthy but unscrupulous Gordon Gekko. He is portrayed as a passionate, performance-oriented, ruthless, “greed is good” corporate raider who will stop at nothing and will do everything to succeed. Anything else is just a distraction to the ultimate goal of making money — lots of it. In a dog-eat-dog world, such Leadership qualities qualities are often portrayed as one who will ultimately survive and succeed. However, there is a cost to all these and, in getting the job done, particularly in an environment of cut-throat competition, how many times are one’s principles, Ed Lacson long-cherished convictions and standards compromised? Related to this, is it possible to succeed in business or have a successful career and still maintain an ethical behavior? Career-wise, how many times did we follow what we truly believe is a wrongful action and against our deepest convictions simply because we were afraid of losing our job? When we maintain the high ground in business, do people regard us as fools because everybody is on the low ground, cutting corners, getting away with it and making money in the process? Do we lose our competitive edge by sticking to the high ground? Recently, I read a book written EMPLOYER’S CORNER by William Damon entitled The Moral Advantage: How to Succeed in Business by Doing the Right Thing. It discusses these very issues and the concept of morality, not in a theological or idealistic sense, but in its practical application and value to business, focusing more on the “positive dedication to doing good, a sense of service to humanity, a commitment to a larger purpose.” His concept of morality, includes those “aspirations to make a better place, to act decently, to care for one’s family and one’s neighbors, to live honorably, and to be kind, fair, honest and responsible.” Many of the articles and books I have read about leadership qualities point to one prime quality: he gets the job done! The book cites numerous examples and research on individuals and businesses that have achieved long-term success, ANALY LABOR fusing high performance and enhancing shareholder value while adhering to the above “moral purpose,” to integrity, honesty and being ethical. There is no conflict between the two objectives and Damon calls it the “unity of purpose — a combination of the desires to excel, to accomplish something important and to act in a decent and responsible way.” There is nothing wrong in creating wealth and growing the business. This is part of being in business in the first place. “But enduring and personally satisfying business success means providing something of worth to customers, supporting employees, serving the public interest and making a contribution to the world. It means not only accumulating money for oneself, but also building a beneficial enterprise that creates value for society, that endures and thrives and that continues to grow… Money is a means to a larger end rather than an end in itself.” As business and work arrangements evolve in a highly integrated, competitive, connected but extremely materialistic and demanding world, it is important from time to time to reflect and revisit what really is our true calling and purpose. 2018 DOT PROPERTY PHILIPPINES AWARDS 2018 LAROSSA CAPITOL HILLS BY PRIMEHOMES BEST RESIDENTIAL BOTANICAL DEVELOPMENT www.dotpropertyawards.com
Page 1 and 2: KIM, PUTIN MEET JASON SOONG MASERAT
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Page 13 and 14: TIGER BACK ON PROWL P14 BRNN SENDS
Page 17 and 18: Dinah S. Ventura, Editor Friday, 26

26 APRIL 2019

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