“Radiating positivity, creating connectivity”

CEBU May 11, 2020 - May 17, 2020 P15.00 BUSINESSVolume 2 Series 34 12 PAGES

Room 310-A, 3rd floor WDC Bldg. Osmeña Blvd., WEEK You may visit Cebu Business Week Facebook page. AMEND AMLA, ENTRY LAWS Anti-laundering, immigration need changes to invite foreign investors

TO INVITE more and employees, and Sitoy said that once the shipping companies. foreign investors to invest integrate their overtime pay. original copy with comments This was immediately in the once These were revealed from cabinet members will stopped by Duterte when the coronavirus disease to Cebu Business Week by be submitted back to the he assumed as president in (Covid-19) crisis is over, Secretary Adelino “Ade” House of Representatives, 2016. Malacañang wants Congress Sitoy of the Presidential there will be smooth Sitoy said that since the to amend the Anti-Money Legislative Liaison Office discussion and deliberation immigration law was passed Laundering Act (AMLA) and (PLLO). Sitoy’s second in the committee and a long time ago, it is now the immigration law. cabinet position is plenary. time to amend it, give the President Rodrigo Presidential Adviser for Once approved by the reasonable compensation to Duterte wants to include Legislative Affairs. House, this will be forwarded officials and employees, and a provision in AMLA Sitoy is the only to the Senate for passage, and integrate their overtime pay giving safeguards and state Cebuano secretary in the to the bicameral committee on it. The government will guarantees to all good Duterte administration composed of selected shoulder their salaries and foreign investments from since 2018 holding two senators and congressmen wages, and overtime pay. any country. cabinet positions that allow before final submission to In the AMLA, Sitoy said Duterte also wants an him to walk in the corridors Duterte for signing into law. one of the amendments is AMLA provision as basis of power. Sitoy said the Bureau the inclusion of a provision to prosecute all Non- Sitoy was the personal of Immigration (BI) as basis to prosecute tax Government Organizations chaperone of Duterte in the SECRETARY ADELINO SITOY officials and employeesevaders. If are a Filipino brings (NGOs) or Non-Stock, 2016 presidential election considered frontliners in money with him amounting Non-Profit Corporationswhere they were denied last May 7, 2020 to dealing with foreign travel, P500,000 and above, and is registered with Securities mayor’s permit for rallies by Senate President Vicente incoming and outgoing. found to be untaxed, he can and Exchange Commission the former administration of Sotto III and House of On the other hand, the be prosecuted in court. (SEC) which are conduit to then Lapu-Lapu city Mayor Representatives Speaker Anti-Money Laundering Atty. Gary Maningo, international terrorism. Paz Radaza. Alan Peter Cayetano Act (AMLA) deals with head of the credit and loans In the past years, Sitoy said the President regarding the sentiment of huge money traffic frommanagement department Duterte was informed that ordered him to thoroughly the President. the Philippines to other of Bangko Sentral ng some NGOs or non-stock coordinate in fast tracking He told Sotto and countries, and from abroad Pilipinas (BSP) said that corporations were channels the amendments of the two Cayetano that the original to the Philippines. once countries like the to some terrorist groups that laws that involve foreign version of the House bill In the past, immigration United States completely advance terrorism in the investment, terrorism to amend the two laws was officials and employees who pullout investments from Philippines. money, among others. already disseminated to all rendered overtime service China, one of its choices is The immigration law In this connection, Cabinet members for their at the airport were paid by to transfer operations in should give the reasonable Sitoy sent separate letters comment and additional airline companies, while the Philippines. ELIAS O. compensation to officials regarding this matter provisions, if there are any. at the seaport, by foreign BAQUERO 2 May 11, 2020 - May 17, 2020 Cebu Business Week LOCAL Closure of ABS-CBN void from start THE order of the National cause order issued. There Telecommunications was also no hearing on the Commission (NTC) is void show-cause order so ABS- from the start even as a CBN can present its position, former Cabinet member of he explained. the Duterte administration Moreover, the NTC blames the House leadership. violated its own rules on “The CDO (cease and de- procedure, he said. sist order issued by the NTC) “In the process of denying simply does not have the ABS-CBN procedural due force of law,” said Atty. Rudy process with supersonic Salalima, the first secretary speed, the NTC, in issuing its of the Department of Infor- void CDO likewise seriously mation and Communication violated its own 2006 Rules Technology (DICT). of Practice and Procedure,” In a legal opinion he Salalima said. posted in his Facebook However, Salalima argued, account, Salalima, noted “the ultimate responsibility procedural lapses in the and fault lie on Congress, par- issuance of the order even ticularly the Leadership of the as the NTC is not the right House of Representatives.” body to decide on the lack of The application for a a franchise, but Congress. franchise was filed in 2016 Salalima noted that the yet. “But the leadership of NTC order was issued on May and filed on May 5th with the 2020,” Salalima pointed out. prior to May 5, 2020, if the House failed our country 5, 2020, which was the same NTC, then the CDO also dated If the Petition was dated any, because premature, and people,” he said. day the congressional franchise May 5, 2020 was clearly before May 5, 2020 or prior should have been dismissed “Non-action is the worst expired. There was no com- issued with precipitate haste to the expiration, there was outright,” he said. form of delay. Because it plaint filed against ABS-CBNand thus void given the still no cause of action and If there was a petition, leaves the aggrieved without on that same day on which the interval between the filingthus of “premature in law,” he the NTC failed to serve ABS- clear and speedy recourse,” NTC could have acted on. the Petition and the issuance pointed out. CBN a copy for the latter to Salalima said. EMMANUEL “If the Petition was dated of the CDO -- both May 5, “The Petition dated reply to. There was no show- MONGAYA Scammers riding Zero Covid case in Tuburan THERE is no single case He said that Tuburan Diamante said. of Covid-19 in Tuburan, has 15,696 households as The captains on pandemic, Cebu and the people are of 2019, but DSWD listed are now having a problem. satisfied with the reliefonly 1,948 SAP household The problem is, DSWD goods they received from beneficiaries and most ofchose who to give assistance. warns SEC the administration of Mayor them have not yet received Tuburan has 54 THE Securities and WOC have not registered Danny Diamante. any help. barangays and the barangay Exchange Commission securities such as investment The local counterpart Diamante said DSWD captains are in a quandary (SEC) underscored the contracts nor secured the of the Inter-Agency Task 7 has disseminated false because one has 500 importance of exercising due necessary licenses to solicit Force (IATF) is efficientinformation in in its website households and DSWD has diligence before investing and take investments from setting up checkpoints at the because they made it appear only listed 30 families. to avoid falling into a the public, as required under boundaries of Tabuelan and that DSWD 7 has already He said that the scammer’s trap, as it named Republic Act No. 8799, or Asturias towns. given amelioration money to barangay captains were the four more groups engaging The Securities Regulation In an interview with 3,027 households of P6,000 ones who distributed relief in unauthorized investment- Code. Vice Mayor Democrito each. goods to their constituents taking activities. In this light, the SEC “Aljun” Diamante, the It’s sad to say that DSWD using their calamity funds. In separate advisories advised the public against mayor’s brother, he told 7 posted in its website that Even those who were not issued on May 7, the investing in Bayanihan Cebu Business Week that as of April 27, 2020, about voters in the barangays were Commission warned the Program, My Gold Rev, the people in the rural 3,027 households of Tuburan given. public against dealing Friend$hip and WOC, which areas have lesser problem received amelioration. Diamante said the with individuals or groups have not even registered as in terms of food than their “That is misinformation mayors in Local Government representing and promoting corporations or partnerships counterparts in the urban and dangerous because Units (LGUs) can use 70 the Bayanihan Program with the Commission. areas. the people of Tuburan may percent of their calamity of Billy Ford Andrada, My The public may report Diamante, however, said expect that DSWD 7 gave SAP fund. There is also the Gold Rev/ My Gold Rev unauthorized investment that the Social Amelioration in the amount equivalent to Bayanihan Law that mayors Philippines, Friend$hip/ solicitation activities to its Program (SAP) of the 3,027 households. Where is can use the 20 percent Friend$hip Philippines and Enforcement and Investor Department of Social the money now? The people development fund. LGUs World of Captcha (WOC). Protection Department Welfare and Development may think that the money is in urban areas are looking Bayanihan Program, My through email at epd@sec. (DSWD) is a big problem in in the hands of local officials for rice to buy because their Gold Rev, Friend$hip and gov.ph. Tuburan. when in fact there is none,” people have no food. Cebu Business Week May 11, 2020 - May 17, 2020 3 NEWS Gordon lauds Red Cross fight v. Covid-19 PHILIPPINE Red Cross worldwide as of Thursday, government to stop the (PRC) Chairman and Chief May 7. spread of the virus since it Executive Officer (CEO) “There is a lot of reasons was first detected. One of Senator Richard J. Gordon why we must applaud, the major efforts of the PRC recognized the significantnot because we’re tapping is the establishment of its role and work of volunteers ourselves in the back, but we own molecular laboratory and staff of the 191 national recognize the strenuous effort located at its headquarters in societies of the Red Cross of vision, the values that we Mandaluyong City. in fighting the coronavirushave, the volunteerism that “We have to keep on disease or Covid-19. we excel in. And that creates clapping because we want to Gordon issued this solidarity so powerful that give hope to one another, we statement during the we know, we can prevail,” want to gain strength from observance of the World Red Gordon said. one another, and above all, Cross and Red Crescent Day In the Philippines, the we must make sure that the this year. PRC continues to be at the hope and the strength that Already, Covid-19 forefront in addressing we have translates to hope has afflicted moreCOVID-19 than and it has SENATOR Richard “Dick” Gordon signing a MOA with Philhealth for and strength for the people 3.8 million individuals been actively helping the Covid-19 testing for all persons. we serve,” said Gordon. PR Three months cash assistance for seniors ABOUT 80,000 senior distributing cash assistance to set up a table where the enve- If they become mild moderate citizens will soon receive cash about 20,000 senior citizens. lopes containing the money or symptomatic, they will be assistance equivalent to three “It’s hard to implement will be taken by the senior cit- transferred to “Heal As One” months in the middle of May social distancing so we have izens. They will just take pic- field centers located at North 2020. to delay it and find a solution tures. Reclamation Area (NRA), Sa- In a marathon broadcast so that everybody will be The Senior citizens shall cred Heart School at Gen. Max- by the Kapisanan ng mga protected. It may be okay wear face mask in claiming ilom Ave. and at International Brodkasters ng Pilipinas for the disbursing personnel their cash assistance, and Eucharistic Congress (IEC), all (KBP) Cebu Chapter headed because they are young and the disbursing personnel, in Cebu City. by Rev. Fr. Bobby Ebisa, Cebu can immediately recover. barangay officials, and City He said that one City Mayor But the old people can hardly Health Department staff shall private company, whom has assured that the senior recover,” Labella said. wear protective equipment. he did not divulge, offered citizens can claim P3,000 Labella said that he and MAYOR EDGARDO LABELLA “What is important here is to accommodate the cash assistance representing City Administrator Floro Ca- to disburse cash assistance to quarantined patients in the March, April and May 2020. sas have coordinated with away with the signing and the senior citizens equivalent event it will come to that. Labella explained that the auditor assigned by the or thumb mark because to three months, and at the In the areas like Sitio the distribution of cash Commission on Audit to the paper that they will be same time protect everybody Zapatera in Barangay Luz, La- assistance was originally Cebu City to put off the sign- signing and the ballpen that from Covid-19” Labella said. bangon and Mambaling which scheduled last April 26, 2020 ing or thumb mark by senior they will be using might have On the other hand, are on lockdown, Labella said but was deferred because of citizens in receiving their Covid-19,” Labella said. Labella said they already the City Government is ready their effort to protect both cash assistance. Under the Labella said COA has have 19 Barangay Isolation to extend food and protective the cash disbursing personnel law, COA requires the signa- approved in principle their Centers (BICs) installed in paraphernalia for both the res- and the senior citizens from ture of recipient. suggestion. They will deliver 19 barangays. City Councilor idents and volunteers. the spread of the coronavirus “We have to comply the money to the senior Joel Garganera is tasked to “We also have donors disease or Covid-19. social distancing because citizens by sitio, not barangay. closely supervise it. and all the donations are The mayor cited the case these are extra-ordinary He said that the disbursing He said they are monitor- controlled by Atty. Maru of Mandaue City where six times, not normal times personnel, with the support ing all Covid-19 positives clas- Salvatiera, the chief of personnel were found to be but trying times. We just of barangay officials and sifiedCity as asymptomatic persons staff,” Labella said. ELIAS O. positive of Covid-19 after give them the money, do Health Department staff, shall who are quarantined in BICs. BAQUERO DOST studies VCO against Covid-19 THE Department of ident has Council for Health Research Science and Technology already been informed about Development. (DOST) has announced that the latest development. “While it is being done a group of scientists and In Barangay Colonia, by experienced Filipino doctors are now finalizingTuburan, Cebu, Paradela researchers, this is funded by their study to confirm thatsaid DOST is supporting the DOST,” Paradela said. Virgin Coconut Oil can kill program called Science for He said they can assure the coronavirus 2019 that the People Manufacturing. that they have plenty of causes Covid-19. This is supported by Lamac resources to support that DOST 7 Director Multi-Purpose Cooperative kind of program to fight Edilberto Paradela said by constructing a building to Covid-19. the Philippines has enough produce products, including DOST’s mandate is to do supply of Virgin Coconut Virgin Coconut Oil. research in food and health Oil because this has been Paradela said that the and is tied-up with other marketed for years now. research for Virgin Coconut government sectors like Paradela said the DOST Oil as effective way to agriculture to improve the is putting up funding require- fight against Covid-19production is of food that is ment for the study and Pres- supported by the Philippine good for the body. 4 May 11, 2020 - May 17, 2020 Cebu Business Week OPINION

Affordable pork

As if to counter the rising price of pork in Cebu City, Mayor Edgar Labella lifted the ban on the entry of pork from areas free of ASF or African Swine Fever. Immediately, hog raisers in General Santos City and South Cotabato responded by thanking the mayor. Weekly Notes The Gensan hog Emmanuel Nacorda Mongaya raisers promised to send affordable, quali- ty, and ASF-free hogs to Cebu City immediately. Buried in the more sensational news about Cebu City becoming the only non-NCR with a high Covid-19 record in the country, the development in the pork front should be relief and cause for rejoicing among Cebuano consumers. The entry of Gensan pork and possibly other cheap hogs from other ASF-free areas in Mindanao should address a lack of supply and make pork in Cebu City cheaper. Mayor Labella defends his decision saying he is implementing an order issued by President Rodrigo Roa Duterte and Agriculture Secretary William Dar. Editorial However, not all Cebuanos are happy. Gov. Gwen Garcia extended the ban on pork from outside Cebu City ostensibly to prevent the entry of ASF to the province. She has the support of Presidential Assistant Mike Dino Need for accurate testing and the Cebu City Council. The sharp rise in quarantine and social dis- need to know what you The situation, nevertheless, favors Mayor Labella. COVID-19 statistics in Cebu tancing. They played cat and have to begin giving you The Gensan hogs will arrive at the and cater City has created a controversy mouse with barangay and appropriate treatment. to Cebuanos in Cebu City. I understand, most of the pork of sorts about the cause. It police authorities. Equally important, market in Cebu live in the city. also caused arguments about Two weeks ago, Cebu they need to test in order Rapid Test Kits the planned mass testing. City Councilor Antonio to assign limited resources Because of apparent incompetence, the number of Several quarters blame Cuenco asked why the city to contact tracing. This is coronavirus disease or Covid-19 positives in Cebu City the lack of social distancing at government is already the key to stopping spread. has risen exponentially. The trend should have been the onset of the quarantine. embarking on a mass testing The city government do going low by this time. Some officials say the rise project using rapid testing not need to be sending out As the number of patients who are positive of could be attributed to the kits worth P30 million heavily limited manpower in COVID-19 in urban poor barangays rise, the Cebu City start of mass testing. We without consulting the City a shotgun approach. Contact government plans to counter this with mass testing. believe in a combination of Council. tracing must be targeted. From my point of view, mass testing is the correct both. Why would such an Without accurate testing direction. However, I cannot understand why the Cebu We saw the lack of social expensive project, albeit there cannot be effective City Council was ignored in the decision-making. distancing in the chaotic an emergency, proceed contact tracing. Without ABS-CBN distribution of relief goods without the City Council effective contact tracing, the Detractors of ABS-CBN talk as if the station owners and quarantine passes appropriating the money worst-case scenario unfolds. are guilty of accusations hurled by the Federation of especially at barangay halls. used to buy it. Beyond approval of the International Cable TV Associates of the Philippines Officials likewise failed to Nevertheless, this is how purchase of rapid testing kits, (FICTAP). But no judicial body nor Congress has ruled institute and strictly institute we in Cebu Business Week possibly to avoid overpricing ABS-CBN guilty. measures about going to view mass testing. and other anomalies, we Instead, we discover the relationship of FICTAP the markets and controlling Our health professionals need to be sure we do not president Estrellita Juliano-Tamano and Adel Tamano, motorists. do not need the rapid mass buy defective and useless Vice President for Corporate Affairs of Udenna Of course, many Cebua- testing to begin treatment test kits. Cebuanos require Corporation. Just connect the dots. nos just cannot understand of COVID-19 patients. They accurate, quality test kits.

“Radiating positivity, creating connectivity” Atty. Gerardo Carillo Emmanuel delos Santos Rabacal Cebu Business Week is published every Chairman President week by Cebu Newsmakers Forum, Inc. All CEBU contents of this newspaper are placed online through Cebu Business Week Facebook page. Emmanuel “Anol” Mongaya Bebie Hiñola Baquero BUSINESS Editor Marketing Manager email: [email protected] Keres H. Aviles Emmanuel R. Espina Room 310-A,3rd floor WDC Bldg. WEEK Writer Production Head Osmeña Blvd., Cebu City Cebu Business Week May 11, 2020 - May 17, 2020 5 OPINION Warren Buffett’s firm sells US airline shares Airlines, 10% of Southwest sale and has “tremendous never before, but it’s also plunging consumer spending Airlines, and 9% of United respect for Mr. Buffett and the hardest time we’ve ever as economists forecast the Airlines, according to its the Berkshire team”. The faced,” said Amazon boss Jeff world’s sharpest slowdown annual report and company airline added that it remains Bezos. “If you’re a shareowner since the 1930s. “It shouldn’t filings. The firm began “confident” in its strengths. in Amazon, you may want to come as a shock to anyone,” investing in the four airlines (BBC) take a seat because we’re not said Forrester Research in 2016, after avoiding the oOo thinking small,” he said.”I’m retail analyst Sucharita aviation industry for years. Amazon sales surged confident that our long term- Kodali. “A lot of physical Mr. Buffett told the in the first three monthsoriented of shareowners will stores around the world BIZBITS meeting, which was held the year, as the coronavirus understand and embrace our were closed and that drives Manny de los Santos Rabacal virtually: “We made that lockdown boosted demand approach.” Amazon, with its a lot of people online and decision in terms of the airline for the firm’s groceries,dominance in e-commerce, they are a huge beneficiary business. We took money out online marketplace and video streaming and cloud of online.” From a customer of the business basically even cloud computing services. computing services, plus perspective, Ms Kodali said Billionaire investor at a substantial loss. Sales in the quarter jumped its acquisition of the Whole Amazon’s performance has Warren Buffett says “We will not fund a 26% year-on-year and the Foods supermarket chain, is been somewhat lacking, his company Berkshire company that... where we firm said they could risewell poised to benefit from with slower shipping Hathaway has sold all of its think that it is going to chew another 28% in the next. the changes to consumer times and many items shares in the four largest up money in the future.” The But the demand has habits forced by the out of stock. Its brand has US airlines. Speaking at US travel industry has almost strained the internet giant. pandemic. The online giant also taken a beating, as the annual shareholders’ collapsed as a result of the It said it would spend reported gains across the workers around the world meeting, Mr. Buffett said coronavirus pandemic, with roughly $4bn (£3.2bn) company. The e-commerce complain of inadequate “the world has changed” airlines cutting hundreds on coronavirus measures business rose 24%, while safety precautions. Despite because of the coronavirus. of thousands of flightsthrough and June. Those costs sales at its cloud computing those issues, Ms Kodali He then said he had been taking thousands of planes reflect increased workerdivision, Amazon Web said she expected the firm wrong to invest in the airline out of service. Mr. Buffett pay, purchases of masks Services - a significantto maintain profit its advantage industry. Mr. Buffett’s said he had been considering and other protective driver - jumped 33%. Even its over the long term, as rivals comments came just hours investing in additional gear, expenses related to advertising unit fared well. suffering losses due to after Berkshire Hathaway airlines before the pandemic cleaning and less efficientAnd at Whole Foods, which closures are prevented from announced a record $50bn hit. “It is a blow to have, warehouses, as the firmAmazon purchased in 2017, making investments that (£40bn) net first quarteressentially, your demand dry implements social distancing sales climbed about 8%. would help them compete. loss, Reuters news agency up,” he said. “It is basically measures. “The current That performance presents a “All signs point toward reports. The conglomerate that we shut off air travel in crisis is demonstrating the sharp contrast to many other Amazon continuing to win. had an 11% stake in Delta this country.” In a statement, adaptability and durability companies, which are reeling mannyrabacal1144@ Air Lines, 10% of American Delta said it was aware of the of Amazon’s business as amid forced closures and gmail.com) Bohol Congressional Districts Represented the 6th Congress, District of Bohol CLARIN. Senator Olegario, who the Bar on May 5, 1989). this was from 1965 to 1969. He From 1907 to 1972, the became a widower, surprised MARCELO S. RAMIREZ. resided in Clarin, Bohol, and district was composed of the the town of Loay, Bohol, by Served the district during the was admitted to the Bar on municipalities of Anda, Candi- marrying a young Chinese lass 8th March 29, 1947. jay, Duero, Garcia-Hernandez, named Zoila “Inday” Lim on from 1928-1931 and the 9th PABLO MALASARTE. Guindulman, Jagna, Mabini, January 22, 1949. He had his Philippine Legislature (1931- Represented the district in the Sierra Bullones, Talibon, Ubay, help from his mother-in-law, 1934). 7th Congress from 1969 until its Valencia, Trinidad (Ipil), Alicia Filomena vda. de Lim and his MACARIO Q. FALCON. abolition in 1972 by President (Batuanan), Dagohoy, Buenavis- elder sister, Eustaquia Clarin Represented the district for Marcos when he declared ta, Pilar, San Miguel, Danao, and Fernandez. Senator Olegario one term, this was during the Cebu Legal martial law on September 21, Pitogo (now Carlos P. Garcia). is the founder of the Circulo 10th Philippine Legislature in Pedia 29172. On November 10, 2009, The municipality of Boholano de Cebu, registered 1934 but was cut short in 1935 Atty. Clarence Paul V. Oaminal a high school in the Municipality Trinidad was established on on July 10, 1910 making it the with the passage of the 1935 of Balilihan was converted into a September 1, 1947 by virtue of first registered organization Constitution. He was a doctor. national high school and named Executive Order No. 80 signed outside Manila. At present there OLEGARIO BUTALID “Congressman Pablo Malasarte by President Manuel Acuna are about 200,000 Boholanos CLARIN. Olegario Clarin National High School”. Pablo Roxas. It is named as such in Cebu. came to back to the House In the 1700s, the island of Malasarte, who was from Bilar, after the patron of Talibon, the The Clarin Clan has of Representatives when we Bohol was part of the Diocese married Petra Cubillo of Calape, Blessed Trinity. produced lawyers, other clans had our first elected president of Cebu. The proximity of Bohol. He had a daughter by The town of Alicia was may have lost its surname on September 16, 1935, in the island of Cebu to Bohol the name of Sonia (born on created by Executive Order because of marriage but the the person of Manuel Luis resulted in migration and inter- July 20, 1944) who married a No. 265 signed by President clan has descendants who have Quezon. The Philippine marriages between the two lawyer, Raul Roco, who rose to Elpidio Quirino on September become members of the Roll Congress became unicameral places. Majority of Cebuanos national prominence becoming 16, 1949. Alicia is named in of Attorneys of the Philippines. in 1935 as the newly approved and Boholanos are interrelated congressman, then senator, honor of Alicia Syquia, the wife Among those who belonged Constitution abolished the by affinity or blood, the result then secretary of Education. of President Quirino. She was to the clan are Jesus T. Clarin Senate reverting to the 1907 of this is that their politics Raul Roco founded the Aksyon murdered together with her of Dauis (admitted to the Bar Congressional setup. He served and religious practices share Demokratiko and was the three children by the Japanese on April 30, 1953), Paulino G. the 1st National Assembly (1935- common roots. presidential standard bearer in in 1945 during World War II. Clarin of Dagohoy (admitted to 1938) and the 2nd National These were the the 1998 and 2004 elections. These were the the Bar on February 28, 1958), Assembly (1938-1941). In 1946 representatives of the old 2nd Sonia was a student leader and Representatives of the old 2nd Dominador Clarin (admitted to Olegario was elected senator to District: an educator. District: the Bar in 1940) and Carlos C. which was then called as the 1st JOSE S. ZAFRA. Old 3rd Congressional OLEGARIO BUTALID Fernando of Loboc (admitted to Congress. 6 May 11, 2020 - May 17, 2020 Cebu Business Week OPINION Failure of leadership at DSWD?

the President and House Masbate, Samar, Leyte, 2019, the poor households of The Local Government of Representatives Speaker Bohol, Siquijor, Negros the municipality has reached Code mandates that LGUs Alan Peter Cayetano told the Oriental and several parts of 15,696 and DSWD 7 has only must allocate five percent nation that all the people Mindanao but in the entire allocated 1,948. But only few of their budget for calamity will receive amelioration world because of Elias O. of said families had received fund. Without calamity, that fund ranging from P5,000 to Baquero Facebook live and the financial assistance. fund will pile up and grow P8,000 depending on what DYRC Aksyon Radyo Cebu Worse, DSWD 7 posted in through the years. And for class a region is. For Region live streaming. their website that Tuburan, some LGUs, Covid-19 is the 7 which is composed of Cebu. But surprisingly, almost all Cebu has already received the reason for spending it to help Bohol, Negros Oriental and poor households and all low- amelioration fund equivalent the people. Smorgasbord Siquijor, the beneficiaries willincome families mentioned by to 3,027 poor families. The Local Government receive P6,000 each. Lucero contradicted what they “Usa kana ka dakong Code also required LGU Elias O. Baquero The social media are doing. bakak ug pagpasipala sa to set aside 20 percent was swamped with posts For Cebu City alone, the katawhan sa Tuburan,” development fund for saying those who can claim estimated poor households according to Diamante. infrastructure projects. This amelioration money are (or low-income families) I do not want to judge is to ensure that all cities and Is there a failure of senior citizens, Persons with are more than 200,000. people here especially that municipalities must have leadership at the Department Disabilities (PWDs), pregnant But DSWD 7 told Cebu City we need to have unity in the infrastructure projects that of Social Welfare and women, and lactating women. Mayor Edgar Labella that fight against Covid-19. But will benefit the people every Development (DSWD) 7 as However, in a they can only appropriate for I feel that DSWD 7 Director year. far as the implementation teleconference participated 122,000 families. This has Rebecca Geamala, Lucero The budget for personal of Social Amelioration by DYRC radio (648 prompted Labella to request and Public Information services is limited to a Program? KHz), Assistant Regional for an increase in the number Officer Leah Quintanamaximum owe of 45 percent of This is the question Director Shalaine Marie of family-beneficiaries which the people an explanation. the budget only. This is to often asked by the people Lucero clarified thatDSWD not 7 adjusted to 148,000 On the other hand, prevent some unscrupulous in the different barangays individual senior citizens, poor families. The 148,000 Diamante said there are public officials from especially that until now, PWDs, pregrant women families were divided among plenty of funds the Local hiring unlimited number several barangays have not and lactating women can the 80 barangays. Problema Government Units (LGUs) of relatives, friends and yet received the amelioration receive amelioration but gyud kaayo. can source in the fight againstprotégées to be listed in the money promised by “poor households” and “low- In other areas like Covid-19. They can spend 15-30 payroll, which means President Rodrigo Duterte to income families.” Tuburan, Cebu, Vice Mayor 70 percent of their calamity that ghost employees will the people. That was very clear and Democrito “Aljun” Diamante fund, and under Bayanihan just come to the municipal When the National was heard worldwide since told me that amelioration Law, they can spend the or city hall to collect salaries Government has appropriated my broadcast is aired over fund is the biggest problem budget under the 20 percent on the 15th or 30th of the P200 billion for SAP, both the airlanes not only in Cebu, in the town because as of development fund. month. Gets mo? Covid 19 may last up to 2022

ease Research and Policy lays spreads even more easily back. the only wave. In the coming out three scenarios for how than the flu. An average Scenario 2: A second, months, the COVID-19 the coronavirus pandemic person with the coronavirus larger wave of infections pandemic would shift into will progress in the coming infects between 2 and 2.5 hits this fall and winter a “slow burn” of ongoing months. new people, this metric is The worst of the three transmission and new cases. Using the 1918 Spanish known as the virus’ R0 value. scenarios, and the most “While this third pattern flu pandemic as a model, Scenario 1: The likely, is one in which thewas firstnot seen with past influenza experts suggested the summer months and wave is followed by a larger pandemics, it remains a COVID-19 outbreak will last beyond bring a series of wave in the fall or winter possibility for COVID-19,” the This Business between 18 and 24 months. repetitive, smaller waves of 2020, and one or more experts reported. of Living The pandemic “likely won’t In this projection, smaller subsequent waves in This possibility would be halted until 60% to 70% of 2021. mean US states likely Emm R. Espina the first COVID-19 wave the population is immune,” the is followed by a series of This mirrors what wouldn’t need to lockdown report authors said. repetitive, smaller waves that happened during the 1918 again, although cases and The worst of the three occur through the summer Spanish influenza pandemicdeaths would continue to All over the world, scenarios they outline and beyond. Those waves, and the 2009 H1N1 flu. occur. as Covid 19 continues its involves a second, larger wave which will come with a lower A second wave with more Each of these projections rampage and the toll keeps of coronavirus infections this number of infections than infections would require could be influenced by the increasing, there are those fall and winter. the world is experiencing the US and other countries development of a vaccine. who believe it has reached The coronavirus right now, will persist over to reinstitute mitigation But any help a vaccine its peak; while others believe pandemic may last until a one- to two-year period. measures, like lockdowns, could provide during the that it is still on its ravaging 2022, according to a report They’ll gradually diminishing the authors wrote. pandemic will be a long time course, and even expressed published sometime in 2022. “States, territories, and coming, the report authors fears of a second wave. “Both a pandemic The authors noted that tribal health authorities said. The earliest a vaccine is The coronavirus pandem- influenza and the COVID-19where those smaller waves should plan for the worst- expected is 2021. ic could last up to two years, virus spread via droplets occur could depend on what case scenario,” they added. “And we don’t know according to US experts. They we emit when coughing measures certain geographic Scenario 3: The world what kinds of challenges predict we may see a 2nd, larg- or sneezing and can pass areas have in place to “flatten experiences a ‘slow burn’ could arise during vaccine er wave of infections this fall. between infected people the curve,” including social of ongoing transmission development that could delay A new report from Busi- showing no symptoms — distancing and non-essential The final scenario the timeline,” they added. ness Insider, researchers at known as asymptomatic business closures, and how suggests that this first wave emmanuelbernespina@ the Center for Infectious Dis- carriers. But the coronavirus those measures are rolled of coronavirus infections is gmail.com Cebu Business Week May 11, 2020 - May 17, 2020 7 BUSINESS Land Bank allots P3B Banks liquid enough to survive pandemic for private school loans DOMESTIC banks such as the Covid-19 global have adequate capital pandemic. Further, the LAND Bank of the The loans carry an program provides schools and liquidity to cover for BSP remains committed in Philippines (Landbank) has interest rate of three percent refinancing or rediscountingloan losses as the country promoting price stability, launched a P3-billion lending per annum and are payable for promissory notes from enters its second month of a stable financial system program for private schools to “based on the maturity of the students issued by their lockdown. and a safe and efficient aid them in their “study now, sub-promissory notes but parents and they can borrow In an end-2019 Report payments and settlements pay later” system for students not exceeding three years.” as much as 70% of the on the Philippine Financial system conducive to strong, amid the coronavirus disease The lending program is sub-promissory note per System, the BSP said, the sustainable and inclusive 2019 pandemic. available until June 30, 2021. semester and subject. financial system is ableeconomic to growth for all Landbank said it has Landbank President and Institutions eligible for “withstand the unfavorable Filipinos,” a statement from allotted P3 billion for its Access CEO Cecilia C. Borromeo was the lending program include impact of the Covid-19 the BSP read. to Academic Development to quoted as saying that “given the private junior and senior pandemic on account of Based on the BSP’s Empower the Masses towards financial constraints brought high schools with permits to its reasonably stable and financial soundness Endless Opportunities or about by the COVID-19 operate from the Department sound capital and liquidity indicators or FSIs, banks ACADEME lending program pandemic, Landbank is of Education and private buffers, ample loan loss are stable and resilient to to extend credit to private high financing interventionstechnical-vocational to education reserves and robust earnings withstand the effects and schools, private technical- ensure that students will be able training institutions regulated performance including the uncertainties of the global vocational education training to enroll in school when classes by the Technical Education and opportunities presented by pandemic. FSIs are used to institutions, colleges and finally resume. The Landbank Skills Development Authority. financial innovations andassess the banking system’s universities. ACADEME Lending Program Landbank said private technology.”. strengths and weaknesses. The credit support is supports the education sector colleges and universities can “Overall, the Philippine BSP also noted that in aimed at allowing these in providing students greater also avail of the program if financial system continued the report credit quality was academic institutions ensure access to quality education they offer undergraduate to exhibit safety, soundness, satisfactory amid upbeat that their students continue amid the health crisis we are all programs authorized by resilience and overall loan growth on sound credit their studies via “study now, facing.” the Commission on Higher preparedness against underwriting standards and pay later” schemes. The bank’s ACADEME Education. external vulnerabilities provisioning culture.

The Academe UC Law holds virtual confab, thanksgiving mass

THE University of these uncertain times. The on April 29, 2020. Cebu led by its President mass was officiated by UC The Bar Exams will now Atty. Augusto W. Go, Banilad Chaplain, Rev. Fr. be held sometime in 2021 congratulated the 38 new Luigi Kerschbamer, OAD, in Cebu City. UC lawyers through a virtual and attended by the new It is a dream come confab on May 5, 2020. lawyers, UC Law Students true for many provincial Said confab that lasted Society officers, Law facultylaw schools, especially for for more than an hour and staff, alumni, and the UC School of Law and was participated in by students. Fr. Luigi reminded their alumni and students, School of Law former Dean Baldomero the attendees that there is who lobbied for the Bar Estenzo, Executive Vice real hope in a time of crisis. regionalization for several Chancellor Atty. Manuel It was s double years. It is a victory for all Elijah Sarausad, Integrated celebration for the UC Bar candidates from the Bar of the Philippines Cebu School of Law after provincial law schools. Chapter President Atty. obtaining a good passing The UC School of Law Ria Lidia Espina, Dean Al- percentage in the 2019 Bar is forever grateful to its Shwaid de Leon Ismael, and Exams and achieving its former Dean, Baldomero the Law faculty and staff long awaited dream of Bar C. Estenzo, dubbed as Adapting to the new regionalization. the Father of the Bar normal, a virtual mass was The Supreme Court Regionalization, and the celebrated the following of the Philippines Philippine Association day to give thanks for the (SC) announced the of Law Schools, led by blessings and pray for the postponement of the 2020 its incumbent President, continued safety and well Bar Examinations through Dean Marisol Anenias of being of the members of the Bar Bulletin No. 11, series the Universidad de Manila ATTY. AUGUSTO GO UC Law community during of 2020, which was issued College of Law. 8 May 11, 2020 - May 17, 2020 Cebu Business Week BUSINESS “Project Balik Buhay” launched AS THE cities of Cebu, May 21, 2020. for the Mandaue Chamber of Mandaue, and Lapu-Lapu rec- Their support is Commerce and Industry; Am- AROUND THE WORLD ognized the importance of a signified in a jointbassador Francisco advisory Benedicto gradual re-opening of the com- to member-companies and for the Cebu Filipino-Chinese New PM for Iraq munities through a calibrated, business owners entitled Chamber of Commerce; San- After five months of deadlock and while the country scientific, and evidence-based “United Stand To Support thana Krishnan Vaidiswaran battles an economic crisis and the coronavirus pandemic, transition from enhanced com- The Multi-Sectoral & Tri- for the MEPZCEM Chamber Iraq finally got a new prime minister. munity quarantine (ECQ) to City Program In Ramping Inc.; and Chester Lim for the Mustafa al-Kadhimi, Iraq’s former intelligence chief modified community quaran- Up Livelihood During The Philippine Retailers Associa- won overwhelming support and was sworn in as the tine (MCQ), the “Project Balik Covid-19 Pandemic.” tion-Cebu Chapter. country’s new prime minister. Buhay” (PBB) was created and The joint advisory was The Cebu Chamber of Two previous candidates, Mohammed Allawi and launched on April 29, 2020. signed by the presidents of Commerce and Industry Adnan al-Zurfi, withdrew after failing to win enough Five business organizations the five business organiza- (CCCI) is pushing for an support in parliament. had expressed their support tions – Felix Taguiam for the effective orientation for the Kadhimi served as head of Iraqi National Intelligence to the Project Balik Buhay Cebu Chamber of Commerce private sectors on the said Service (Inis) from 2016 until last month, when he was targeted to be implemented on and Industry; Steven Alain Yu project. tasked with forming a government. He is a former journalist who wrote against former President Saddam Hussein from exile in Iran and the UK Demand for canned sardines up before the US-led invasion of Iraq in 2003. The US and the United Nations welcomed the creation MANUFACTURERS production with workers not of a new government and urged Kadhimi to address Iraq’s of canned sardines were able to work due to curfews problems the soonest. catching up with demand and reduced capacity. Some However, Kadhimi will not start his term with a full after stocks were wiped out manufacturers are operating cabinet as political factions are still negotiating over the following panic buying at the with 1 shift, he said. candidates for the key ministries of oil and foreign affairs, onset of the lockdown. Adding to the disruption while lawmakers rejected his picks for trade, justice, Greg Tung, president of the delivery and supply culture, agriculture and migration. of the Canned Sardines chain are the delays in ports, Association of the Tung said. Germany bans ‘gay conversion therapy’ Philippines, said stocks were Earlier, canned sardines for minors “almost totally wiped out” maker Mega Global, said Germany’s parliament has passed a law banning during the first three weeks it was working to increase so-called “gay conversion therapy” for young people of the enhanced community capacity to meet heightened nationwide in a bid to stop groups offering the service which quarantine. demand during the Luzon claims to be able to change a person’s sexual orientation to “More or less the panic lockdown. persons below 18 years old. buying has kind of subsided Mega founder, Willium Conversion therapy practices include hypnosis and already and gradually, we’re Tiu Lim said his company is electric shocks. able to catch up in building transporting employees to its Breaking the new law can cost one to face up to one year our inventory,” Tung said. plant in Zamboanga to raise imprisonment, or a fine of €30,000 ($32,535; £26,268). Restrictions in some capacity to 75 percent from Under the law, minors will not be allowed to take part areas still hamper full 50 percent. in medical interventions aimed at changing or suppressing their sexual orientation or gender identity. Parents and legal guardians can also be punished Construction work in health sector, for making their children take part through deception, Emergency repairs ok in ECQ areas coercion or threats. PRESIDENTIAL Spokes- - Sewerage projects person Harry Roque said the - Water service facility coronavirus task force has projects amended omnibus guide- - Digital works lines in the implementation Roque said, the govern- of the community quarantine ment will also allow “priori- in the Philippines. ty” public and private infra- Under the new guidelines, structure projects connected construction of the follow- to manufacturing such as ing will be allowed as long as food, agriculture, and busi- protocols against the spread ness process outsourcing. of coronavirus disease 2019 Accredited construction (COVID-19) are observed: workers in all public and pri- - Isolation facilities for vate facilities can also go back to those observed for COVID-19 work but must follow guidelines - Facilities for people who from the Department of Health. perform “emergency work” Under previous lockdown - Facilities for flood con- rules, construction work in trol and other disaster risk areas under enhanced com- reduction and management munity quarantine were not programs allowed. Cebu Business Week May 11, 2020 - May 17, 2020 9 BUSINESS PAL assures safety with flight resumption THE Philippine Airlines All PAL Mabuhay Loung- hopes that their valued pas- es will have sanitizing floor sengers are safe and well mats at the entry points. during these unprecedent- Meals will be served in sealed ed Corona Virus Disease packaging, while beverages (Covid-19) crisis worldwide. will be served on-demand. PAL is working for the Hand sanitizers will be avail- eventual full restoration of able. All lounge staff will like- their flights soon, subject to wise wear protective gear. the status of local and inter- In in-flight service, PAL national regulations. They as- cabin crew will wear full Per- sured travelers of their health sonal Protective Equipment and safety which is always flight. Infants up to two years All carry-on items must At the airport, PAL will do (PPE). They will practice a their most important concern. old are exempted. They allow be limited to two kilograms its best to enforce social dis- simplified in-flight service “As we get ready to fly surgical, ear drop, or do-it- of small personal items. They tancing while passengers are approach that will minimize again, we’re adding more yourself masks, as well as oth- will transfer 5 kilograms waiting, on-queue, or inside frequent contact. safety measures to protect er protective shielding, except from passenger’s carry-on PAL shuttle buses. Passengers PAL will continue to fol- you. In line with the highest for flights to/from countries bag allowance to their check- can expect thermal scans at en- low strict Hazard Analysis standards, here is what you with specific requirements. in baggage allocation. try points, distribution of loca- Critical Control Point (HAC- can expect to ensure that you They encourage pas- Online check-in is encour- tor forms that they would need CP) procedures when prepar- enjoy a healthy, safe, and sengers to bring their own aged. PAL urged passenger to to fill up, sanitizers are avail- ing in-flight meals. Meals and clean environment in your sanitizers and their onboard arrive early at the airport: four able at designated areas, and snacks will continue to be in next PAL flight,” read the- airtravel essentials. A passen- hours prior to departure from other security checks. Their sanitized containers or secure line’s press release. ger may bring hand sanitizer Manila (international flights) airport staff will be equipped packaging. All passengers must bring with maximum content of 70 and three hours prior to de- with face masks. Passengers Passengers can look for- their own face mask to use at percent alcohol up to 10 piec- parture for Manila (domestic must also wear their face mask ward to social distancing the airport and throughout the es 100ml as part of carry-on. flight) and other airports. at the time. cabin seating options. PR IATA to Airlines: Don’t remove middle seats AS THE country’s three inside air cabins. crew will reduce the already suspected passenger-to-pas- fied catering procedures that airline carriers gear up for IATA estimated that low risk, while avoiding the senger transmission,” IATA lower crew movement and in- relaunching their operations in Asia-Pacific alone,dramatic the cost increases to explained. teraction with passengers. for the “new normal,” it is not average ticket would go up air travel that onboard social Aside from mandating Alexandre de Juniac, recommended to eliminate by 54 percent if middle seats distancing measures would both passengers and crew to IATA’s Director General middle seats of an aircraft. will be slashed. bring,” it added. wear protective gear while and CEO, said “the safety The International Air “With fewer seats to “An IATA informal sur- flying, IATA also suggestedof passengers and crew is Transport Association sell, unit costs would rise vey of 18 major airlines iden- more means of doing paramount. The aviation (IATA) said such move could sharply. Compared to 2019, tified, during January-March ‘contactless’ travel. industry is working with pose heavier economic im- airfares would need to go 2020, just three episodes of These include tempera- governments to re-start flying plications, as it warned the up dramatically—between suspected in-flight transmis- ture screening of passengers, when this can be done safely… aviation industry of leaving 43 percent and 54 percent, sion of COVID-19, all from airport workers, and travel- We must arrive at a solution middle seats empty as part of depending on the region— passengers to crew. A further ers, boarding and deplaning that gives passengers the their social distancing mea- just to cover costs,” IATA four episodes were reports of processes that reduce con- confidence to fly and keeps sures for the new normal. said. apparent transmission from tact with other passengers the cost of flying affordable.” However, the association “Evidence suggests that pilot to pilot, which could or crew, limiting movement IATA is one of the world’s supports “layers of protection” the risk of transmission have been in-flight or before/within the cabin during flight,largest association of airline if it meant keeping the onboard aircraft is low. Mask- after (including layover). more frequent and deeper companies, composing a total coronavirus transmission wearing by passengers and There were no instances of cabin cleaning; and simpli- of 290 members worldwide. 2GO offers easy rebooking options DOLE-7 readies list of CAMP beneficiaries 2GO TRAVEL passengers 20% discount on your next THE list of paid Business Wage Subsidy in our implementation of the with cancelled trips for the travel at the time of rebooking. beneficiaries under(SBWS) the program. program is limited funds,” period of March 16 to May 15, Rebooking or revalidation COVID-19 Adjustment Under the SBWS, qualified she said. 2020 can now conveniently re- of eligible tickets can be done by Measures Program (CAMP) beneficiaries in DOLE-7 registered book without going to the retail calling 0995-9674353, 0956- of the Department of Labor will receive a wage subsidy 31,618 workers from 1,403 outlets or authorized agents. 8079438, and 0951-6143362 and Employment (DOLE) amounting to Php6,000.00 for companies Region-wide.who Apart from waived rebooking or send an email to info@2GO. in Region-7 is now being two (2) months benefited the amount. fee and fare difference, tick- com.ph from Monday to finalized for submission to Siaton added that her Establishments, ets have validity of 12 months Sunday, 8:00AM to 6:30PM. the DOLE-Central Office. office received a total budgetwhose applications were from original date of travel. Travelers are advised to take DOLE-7 Regional of Php158,090,000.00 unfortunately not approved Until May 31, 2020, 2GO note of their original travel Director Salome O. Siaton for CAMP, which was all or even if approved but could is extending special options to details and reservation number said, all DOLE Regional exhausted as of 30 April no longer be accommodated affected travelers by availing when rebooking. Offices `are required2020. to “This amount has by the DOLE’s budget on any of the following: a) free 2GO travels to 18 island submit their final list ofalready paid been depleted. Yes, it CAMP, are highly encouraged accommodation upgrade up to destinations. CAMP beneficiaries, whichwas not able to accommodate to apply for and avail of the cabin, b) reroute their ticket to Passengers who want to the DOLE Central Officeall will the affected workers in SMALL BUSINESS WAGE any 2GO Travel Destination, book their tickets for future be endorsing to and sharing Region. That’s the sad truth SUBSIDY (SBWS) Program c) transfer their ticket to travels may visit travel.2go. with the Department of and the primary limitation of the Department of Finance another person or d) avail of com.ph. Finance (DOF) for its Small that had been confronting us (DOF). 10 May 11, 2020 - May 17, 2020 Cebu Business Week BUSINESS Budget for value-added farm productivity pushed THE government must PCAFI President Danilo “A lot of these products help. The ASF task force is have been hit hard by the also consider value-added Fausto said that while are wasted due to suspension running out of kits and lack ECQ (enhanced community farm goods such as livestock, the P32-billion proposed of airline operation, difficulty veterinarians to monitor the quarantine) with the closure fishery, export-oriented supplemental budget will be in the land transport of livestock industry. There is or limited working hours of fruits and vegetables in the of tremendous help to enable perishable fruits, vegetables, a need to provide support food outlets and will continue allocation of the P32-billion the agriculture stakeholders fish, meat, specifically pork, on a consistent manner not to suffer losses even under a food security budget, not to recover from the Covid-19 and including fingerlings. only when disease outbreaks GCQ (general community only for rice and corn prod- pandemic, “we feel it is Since these products are occur,” he said. quarantine),” said Fausto. ucts. inadequate and might leave highly perishable, they need A P1.5-billion budget was Out of the P32-billion In a letter to Congress’s the exclusions of concerns enhancement for cold chain initially proposed for urban additional funding for Economic Stimulus Response not properly addressed.” support such as refrigerated agriculture and protective agriculture, P8.5 billion will Package Chairman and Albay Fausto said the trucks,” he explained. personal equipment (P500 go to the Rice Resiliency Rep. Joey Salceda and Ag- government’s focus should Fausto also stressed the million each); corn for food Project (RRP) to enhance the riculture Secretary William be on productivity, in time importance of allocating funds project (P300 million; and country’s rice self-sufficiency Dar, the Philippine Cham- for the increasing demand for artificial insemination information, education and through the program “Ahon ber of Agriculture and Food and consumption towards (AI) in reproducing livestock communications (P200 Lahat, Pagkaing Sapat Inc. (PCAFI) acknowledged the third and fourth quarter and controlling the African million). Kontra sa Covid-19” or the significant value of of the 2020. Likewise, it should swine fever (ASF). “We would like to “Alpas Covid-19” which aims P32-billion budget that will allocate budget for logistics “There is an obvious recommend that portions to “ensure a food-secure help bring economic recovery to move fish and agricultureslant towards rice and corn. thereof be transferred to Philippines much more in amid the coronavirus disease goods, not only in Luzon, but Aside from rice, livestock, dairy, poultry, hogs, fisheriestime of the health emergency 2019 (Covid) 19 crisis. in Mindanao as well. fishery and aqua needand feed crops. These sectors period”. AirAsia sees 23% resumption ERC orders NGCP to undertake stock offering AIRASIA Philippines once operations resume THE Energy Regulatory days from the said compli- shares. would resume approximately even as it is incurring “big Commission (ERC) has direct- ance.” NGCP can undertake the a quarter of its 4,000 flights losses right now.” It is also ed the National Grid Corpora- Atty. Cynthia Alabanza, listing and public offering once the COVID-19 lockdown working with Congress for tion of the Philippines (NGCP) the spokesperson of the subject to the requirements of is lifted focusing first on a possible stimulus package to prepare and carry out its transmission firm said, the “we Securities and Exchange domestic flights until select to give them “government initial public offering (IPO) or are not avoiding an IPO, Commission (SEC) and the international guarantee” for stocks listing immediately; af- but we merely asked for a Philippine Stock Exchange routes hopefully bank loans. ter the ERC disallowed its pro- deferment of the offering to a (PSE) and must also be resume in June. Isla assured posal for extension. more favorable time given the attuned to market conditions AirAsia the public that In the ERC ruling, it was prevailing circumstances at so value to shareholders can Philippines CEO there would be no stipulated that “NGCP is di- the time of the petition.” But be guaranteed at the listing Ricky Isla, said “drastic changes” rected to commence immedi- she said, the company “fully process. “we’re going to in pricing. Isla said ately the process of public list- respects the decision and NGCP is a private firm reopen May 15 “Customer ing pursuant to Republic Act jurisdiction of the ERC over serving as concessionaire and that’s going attraction and 9511,” which is its franchise in the matter, and we intend to of the power transmission to be total of 6 loyalty” would operating the country’s power reply appropriately.” facilities and network of aircrafts, we will concentrate still be part of the airline’s transmission assets. The stock offering is one the Philippines. Its 25-year on domestic flights…Focus marketing tool as a low-cost In addition, ERC in- of the requirements under contract was won through really in domestic, that’s what carrier,” he added. structed NGCP “to submit a the company’s franchise, so a privatization undertaken AirAsia is going to prioritize.”. AirAsia is also looking compliance report, showing the Filipino public could have by government in 2008 and He said the airline at the start of new local its compliance with its public latitude in gaining ownership subsequently awarded in is hoping for a recovery destinations later this year. listing obligation within 30 of the transmission firm’s 2009.

Photo Gallery of Cebu Business Week readers

CBW readers hold hard copies of Cebu Business Week and enjoyed reading its contents which are all positive news. Left to right: Atty. Amorito Canete, Former NLRC Commissioner, Actress Suzette Ranillo and Roger Panes, Lourdes Shrine service committee chair. Cebu Business Week May 11, 2020 - May 17, 2020 11 LIGHTER SIDE FUn TRiVIA

Do you know that… 1. It snowed in the Sahara desert for 30 minutes on the 18th February 1979? So far, this is the only known time in history that it snowed in the Sahara! 2. The first alarm clock could only ring at 4 a.m.? Invented in 1787, Levi Hutchins needed a way to wake up in time for work, so he made the alarm clock. It took almost 100 years for a wind up alarm clock to be invented that could be set to any time. 3. The Rubik’s cube is the best-selling product of all? The iPhone is second. 4. A group of kangaroos is called a mob? 5. Turophobia is the Fear of cheese? Now you know!

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Visit us at Unit 302 3rd Floor Mango Square Mall or Call us up for your orders at 0908-662-2226. Door to door delivery! 12 May 11, 2020 - May 17, 2020 Cebu Business Week SPORTS Mike Tyson considers comeback for charity exhibitions TYSON’S decided to treadmill for an hour, then I champion of all time at 20 return to training as he ponders do some light weights, 300, when he defeated Trevor boxing in exhibition bouts. 250 reps.” Berbick in 1986, holds a The former world heavy- “Then I start my day with record 50 wins of his 58 weight champion posted the boxing thing, I go in there professional fights a training video on social and hit the mitts, 30 minutes, before retiring. media that has been viewed 25 minutes, start getting in more than nine million better condition.” times. Should Tyson return to “I want to go to the the ring, he will be following gym and get in shape to be in the footsteps of Floyd able to box three or four- Mayweather Jr and Manny round exhibitions for some Pacquiao in coming out of charities and stuff,” said the retirement for an exhibition 53-year-old boxing champ. fight. “I do two hours on Tyson, who became cardio, I do the bike and the the youngest heavyweight Reopening of fitness industry No Fury-Wilder sans a crowd during GCQ pushed A REMATCH between spectators. mean, you don’t.” The International Fed- world heavyweight champion “There is no chance of “A Fury-Wilder fight eration of Bodybuilding and Tyson Fury and American Fury against Wilder behind might have to wait a couple Fitness (IFBB)-Philippines is Deontay Wilder is never closed doors,” Warren told the more months until we can go urging the Inter-Agency Task going to happen without full BBC. back to full spectators.” Force for Management of spectators, said the Briton’s A third match between BBBofC proposals for Emerging Infectious Diseas- promoter Frank Warren . the two was set for Las Vegas July, which are still being es (IATF-EID) to include the Fury stopped Wilder in in July but was postponed due discussed with promoters, fitness industry among the the seventh round of their Las to the COVID-19 pandemic. include boxers in Britain industries allowed to re-open Vegas rematch in February, Last month, promoter Bob having to wear face masks and operate during the general ROWENA WALTERS snatching the WBC belt. Arum said there could be even during ring walks and being community quarantine (GCQ). Their first fight in longer delay because of the banned from using a spit “It is worth noting that by 30 minutes to an hour December 2018 was a draw. importance of gate receipts. bucket in between rounds. maintaining a strong and (depending on the size) of gym The British Boxing Board “The fans in the last fight “A boxer can’t spit in a healthy body boosts immunity cleaning and disinfection; of Control (BBBofC) hopes to put in almost $17 million into bucket. What if a fighter haswhich is our primary shield and -- Gyms to adopt a restart professional boxing the coffers in purchase of a mouthful of blood?” asked. armor against Covid-19 and “No Mask and Gloves, No in Britain in July but with tickets... how do you replace former WBA lightweight other diseases,” said IFBB-Phil- Workout Policy”; stringent conditions and no that $17 million?” he said.”I champion Anthony Crolla. ippines president Rowena Wal- -- Gym personnel should ters in a letter to the IATF-EID. wear face shields, masks and Thru Walters, the IFBB disposable gloves; Gin Kings reunite, repack masks for hospitals made an immediate appeal -- Thermal scanning The Barangay Ginebra Miguel Corp.’s donation of everyone, hopefully kaunting to “allow the fitness industrybefore entering the Gym; Gin Kings got together for a personal protective equipment tiis na lang.” to operate during the general -- Hand sanitizer and good cause, repacking masks for medical frontliners---and Ginebra has yet to play a community quarantine under footbath before entering the to be distributed to hospitals the opportunity to bond with game in the PBA All-Filipino strict measures and protocols Gym; around the country. his teammates Cup, until the games were in hygiene and sanitation.” -- Gym Trainers shall Veteran point guard LA “We’re glad to help our suspended two days after “We wish to emphasize observe social distancing in Tenorio explained that the frontliners in our own little opening the season on that we are not making this instructing clients; initiative was part of San way,” he also said. “Keep safe March 8. appeal to add to the burden of -- No stretching and the national government and massage after workout; jeopardize its efforts to manage -- No group classes allowed; this crisis,” said the fitness buff -- No sparring in Martial Walters finished fifth Arts and Boxing gyms allowed; overall in the Arnold Sports -- Gyms may install plastic Festival in Columbus, Ohio screen dividers between in March 2013. machines/equipment, and Among the proposals -- Subject to commercial forwarded by the IFBB are: availability, rapid test kit -- Shortening of gym twice a month for gym user. hours from 7 a.m. to 7 p.m.; Walters said the IFBB is -- Limit of gym usage per willing to sit down with the user to a maximum of one hour; IATF, particularly with the -- Scheduling of gym Department of Health, to users at a certain time slot/ discuss the so-called “New period (no walk-ins) followed Normal of the Fitness Industry”