Quo vadis – Manila Standard

posted November 19, 2020 at 12:00 am “At this point, what can we do?” By Amb. Albert Del Rosario, Chairman, ADR Stratbase Institute I. The importance of the South China Sea The South China Sea, as we know, is of tremendous economic and geostrategic importance: It is where a quarter of international trade goes through and where more than half of the world’s oil tankers and merchant ships pass every year. The South China Sea is part of an area that has long been known to be the “greatest concentration…

Manila Bay rehab, estero declogging continues – Cimatu

Amid the recent massive flooding in Metro Manila, the Department of Environment and Natural Resources (DENR) assured that it has been continuously cleaning up the Manila Bay and its tributaries to help prevent flooding due to clogged waterways. Environment Secretary Roy A. Cimatu (RTVM / FILE PHOTO / MANILA BULLETIN) “As the rehabilitation of Manila Bay pushes forward, we have not waned in our efforts to declog esteros in Metro Manila to ensure that these are free of waste materials that choke rivers and river systems,”  DENR Secretary Roy Cimatu said…

The Cloma legacy – The Manila Times

How does one carry on the legacy of a historical figure, to keep his torch burning, and have people remember his chronicles? Where do they begin and to what lengths would they uphold a name as legendary as Tomas Cloma? For Sabino Czar Cloma-Manglicmot II, picking up the baton started at childhood when his passion for the sea was fueled by the lofty dreams and deeds of his grandfather — the sailor who discovered and conquered Spratly Islands (now known as Kalayaan Group of Islands) in 1947 and the Father…

Bold move, ‘insanity’ or stock market play? – The Manila Times

THE Energy department’s go-signal for the resumption of exploration for oil and gas in the disputed part of the South China Sea off Palawan is either a bold move, an “insane” one or a cheap stock market play. You decide; here are the facts. First, it could be a bold, urgent move since the Malampaya Gas Field, also near Palawan, which has been providing one-fifth of our energy needs since 2002, will be drying up starting 2024. We need to replace that. The most promising area where commercial-scale gas deposits…

PVL at PSA Forum – Manila Bulletin

THE newly-turned pro Premier Volleyball League (PVL) will take centerstage in Tuesday’s webcast session of the Philippine Sportswriters Association (PSA) Forum. Ricky Palou of Sports Vision and PVL star Alyssa Valdez talks about the course of the league moving forward following its decision to finally turn professional. The 10:30 a.m. session is powered by Smart and presented by San Miguel Corp., Go For Gold, MILO, Amelie Hotel Manila, Braska Restaurant, and the Philippine Amusement and Gaming Corppration (PAGCOR), with Upstream Media as the official webcast partner. The weekly Forum is…

PSBank earnings drop 39% – Manila Bulletin

Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, registered a 39 percent drop in net income to P1.33 billion in the first nine months of 2020 from the P2.18 billion earned in the same period last year due to higher loan provisioning. In a disclosure to the Philippine Stock Exchange, the bank said gross revenues improved 23.9 percent to P13.3 billion year-on-year, with net interest income increasing by 27.6 percent to P10.4 billion. Other operating income, inclusive of net service fees and commission income, was up 11.9 percent…

Holy but Hot (C) – Manila Bulletin

WALA LANG Jaime C. Laya The Manila antique collectors world is small. Collectors, shopowners, agents, pickers, etc., know each other. They compete but are a friendly lot. News circulates fast about who bought what and for what price, what is fake, what is missing, what might be available. Naturally each keeps secret and no one asks what is being targeted but once a capture is made, there is often a grand reveal. The finding and return of Baclayón’s San Blas bestowed upon Antonio “Tony” Martino the standing of Mabini Interpol,…

MRSGI returns to losses – Manila Bulletin

Cebu-based retailer Metro Retail Stores Group, Inc. (MRSGI) posted a net loss of P421.87 million in the first nine months of 2020, a reversal of the P398.19 million net income recorded in the same period last year.  In a disclosure to the Philippine Stock Exchange, the firm said the net loss is driven by the 12.1 percent decline in revenue to P22.22 billion from the P25.28 billion in the same period last year. This is as MRSGI’s general merchandise business dipped by 47.1 percent against the same period last year,…

The groundwork – Manila Bulletin

Francis Lim, Management Association of the Philippines (MAP) president,  was profuse in his appreciation of the preparedness jointly implemented by the government and the private sectors in preparing for the coming weather disturbance/s to mitigate any possible loss of lives. The disaster preparedness, specifically information dissemination undertaken by the National Disaster Risk Reduction and Management Council (NDRRMC), in close collaboration with the weather bureau Pag-ASA, the key leaders of the local government units and the media, forewarning of the onslaught of super typhoon Rolly, has been “very effective.” Friends and…

Take down photos, videos of Manila RTC shooting, lawyer’s fraternity appeals

The fraternity of a lawyer, who reportedly shot a Manila Regional Trial Court (RTC) judge before allegedly killing himself, has joined calls to take down graphic photos and videos of the incident. Fraternal Order of Leviathan of the San Sebastian College Recoletos-College of Law In a statement released on Thursday, the Fraternal Order of Leviathan of the San Sebastian College Recoletos-College of Law urged the public to do so “out of respect for the families and friends of” Manila RTC Branch 45 Judge Ma. Theresa Abadilla and lawyer Amado Rebato.…