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lion) expansion from now through 2019, Lim added. They will pit the largest Philippine mall devel- oper against Ayala Land Inc. and Megaworld Corp., the biggest builders of mixed-used projects. Ayala and Megaworld have been building townships for several years, capitalizing on the rising office-space needs of outsourcing companies, while higher remit- tances from Filipinos abroad have fueled home purchases. “SM Prime has plenty of re- sources around its malls, and these www.businessmirror.com.ph nTfridayNovember 18, 2014 Vol. 10 No. 40 P. | | 7 DAYS A WEEK nThursday-Friday, April 2-3, 2015 Vol. 10 No. 176 A broader look at today’s business BusinessMirror THREETIME ROTARY CLUB OF MANILA JOURNALISM AWARDEE 2006, 2010, 2012 U.N. MEDIA AWARD 2008 C A C A PESO EXCHANGE RATES nUS 44.7250 nJAPAN 0.3726 nUK 66.3182 n HK 5.7687 n CHINA 7.2142 n SINGAPORE 32.6055 n AUSTRALIA 34.1256 n EU 48.0570 n SAUDI ARABIA 11.9238 Source: BSP (1 April 2015) Henry Sy to build micro cities around his malls LIM: “Our thrust is to maximize the synergies of integrated development. Building lifestyle cities will maximize the potential of our properties.” CHINA CREATING‘GREAT WALL OF SAND’IN SEAU.S. ADMIRAL C HINA is“creating a great wall of sand” through land recla- mation in the South China Sea (West Philippine Sea), causing serious concerns about its territo- rial intentions, the commander of the US Pacific Fleet said on Tuesday. Adm. Harry Harris Jr. told a naval conference in Australia that com- peting territorial claims by several nations in the South China Sea are “increasing regional tensions and the potential for miscalculation.” “But what’s really drawing a lot of concern in the here and now is the unprecedented land reclama- tion currently being conducted by China,” he said. “China is building artificial land by pumping sand on to live coral reefs—some of them submerged —and paving over them with con- crete. China has now created over 4 square kilometers [1.5 square miles] of artificial landmass,” he said. Harris said the region is known for its beautiful natural islands, but “in sharp contrast, China is creating a great wall of sand with dredges and bulldozers over the course of months.” China claims virtually all of the South China Sea. The Philip- pines and other countries which have territorial disputes with China in the busy sea have been particu- larly concerned by the land-recla- mation projects, which have turned a number of previously submerged reefs in the Spratlys archipelago into artificial islands with buildings, runways and wharves. The islands could be used for military and other facilities to bol- ster China’s territorial claims. Harris said the pace of China’s construction of artificial islands “raises serious questions about Chinese intentions.” He said the United States con- tinues to urge all claimants to IMF ups PHL growth forecast INSIDE UNUSUAL ‘BACKSTAGE’ THINGS YOU CAN ONLY DO IN LONDON HONORING NORA AUNOR D1 Life ursday-Friday, April 2-3, 2015 Editor: Gerard S. Ramos • [email protected] To make several choices COLORFUL ‘HOME’ IS A PLEASANT ADVENTURE »D2 B G H | Airfarewatchdog.com I picked, the University of California, Los Angeles film student got a call informing her that she was chosen from among over 10,000 entrants to visit London for two weeks as London’s “Guest of Honour”. After much incredulous screaming, she was soon on her way via Air New Zealand business class. And it was a truly unusual visit. She toured the Science Museum with Prof. Stephen Hawking (who have his looks), met Mayor of London Boris Johnson, had tea with Downton Abbey ’s Mr. Carson (actor Jim wasn’t available unfortunately), took a private tour of the Houses of Parliament and Warner Bros. Studios Tour London, lowered and raised the famous Tower Bridge, toured the Royal Opera House backstage, and much more (the £ 5,000 she received for a shopping spree on Oxford Street didn’t hurt, either). It was a true “insider” look at London and you, too, can experience some amazing “backstage” experiences on your next London visit. Here are seven unusual things you can do that most visitors, and even Londoners, scarcely know about: ‘FLY’ A BRITISH AIRWAYS JET http://bit.ly/1EUykj0 IF you like video games, have ever dreamed of being a pilot, or just want the thrill of a lifetime, British Airways will let you “fly” in the same flight simulators used to train their pilots. I did this for several hours and I was quite giddy. It’s an incredible experience. TOUR THE HOUSES OF PARLIAMENT http://bit.ly/1C0PoTF ADAEZE got a private tour of the Palace of Westminster with the speaker of the House of Commons, but anyone can visit and watch debates in a group tour. The interior architecture will have you craning your neck in every direction. BACKSTAGE TOUR OF THE ROYAL OPERA HOUSE http://www.roh.org.uk/tours/backstage-tour PERHAPS you’ll watch a ballet class in progress, see current and historic stage sets, or even spy a famous opera or ballet star. And if you get a chance, pick up some tickets for a performance. TOUR THE ORIGINAL HOGWARTS EXPRESS http://www.wbstudiotour.co.uk/ IF you’re a Harry Potter a a fan, taking a tour of Warner r r Bros. Studios Tour London is a must. Opened just recently, a new exhibit shows visitors the original Hogwarts Express steam engine and a recreation of Platform 9 3/4 provides a glimpse into how some of the films’ most iconic scenes were created. BACKSTAGE TOURS OF LONDON THEATERS http://bit.ly/1wpvAL0 LONDON’S Guest of Honour actually got to be an extra in the chorus of the London cast of Mama Mia! for an evening. Sorry, but that’s not on offer. However, if you’re a theater fan, these tours are a must. The National Theatre and Theatre Royal Drury Lane are two especially good ones. TOUR AND WITNESS THE ROYAL COURTS OF JUSTICE IN ACTION http://bit.ly/1B0wqsV NO country does justice with quite the pomp and circumstance (wigs and gowns for days!) that England does. Not only is the architecture impressive but the proceedings, which you can witness from the gallery, are fascinating too. Guided tours should be booked far in advance of your trip OPEN HOUSE LONDON http://www.openhouselondon.org.uk/ FOR the ultimate “backstage” experience, this annual R R are normally off-limits (this year the event happens September 19 and 20). The theme is “revealing great architecture for free,” and, indeed, the entire weekend offers free admission. For example, last year you could visit 10 Downing Street (the UK’s White House equivalent) if you were lucky enough to win a lottery for the limited number of places. So if you’ve visited London dozens of times and done the “top 10” things such as the Tower of London and so on, next time put these “backstage” opportunities on your list. n PHILIPPINE TOURISM GETS ANOTHER BOOST THE Philippines saw 2014 as a successful year in tourism with more tourists visiting the country. According to the Department of Tourism, inbound visitors during the year grew by 3.25 percent, while total earnings from inbound tourism increased by 10 percent against previous year’s earnings. This upward trend drove Globe Telecom, together with trusted one-stop online travel solutions site AsiaTravel.com, to offer tourists exclusive connectivity deals that will allow them to stay in touch anytime, anywhere with the Globe Traveler SIM and the TravelSurf promo. “The Philippines is rapidly becoming a destination hub for tourists worldwide on the back of our booming economy and top vacation spots. In order to complete their travel experience in the country, we at Globe aim to be their connectivity partner of choice with our innovative and affordable deals,” Globe SVP for International Business Rizza Maniego- Eala shares. Available to Philippine tourists, the Globe Traveler SIM ( www.globe.com.ph/traveler-sim ) offers local rates for calls, texts and mobile data services. as $0.40 per minute; receive calls and SMS from abroad for free, and cut costs on mobile data with a TravelSurf promo. With TravelSurf, users can access the Internet on mobile for only P500 for seven days or P1,000 for 30 days. With the special SIM and the TravelSurf promo, tourists can connect with their contacts from around the world through calls, texts and mobile Internet, enabling access to instant messaging, social networking, e-mails and search engines, as well as their favorite apps. They also get the best treats that include free Globe mobile Internet services or free AsiaTravel vouchers. Philippines via m m free Traveler SIM loaded with free mobile Internet service. Tourists get a minimum of two days of free mobile Internet access for an overnight stay in the Philippines to as many as 30 days for a 16-night stay or more. Meanwhile, existing Globe customers who also purchase their own Traveler SIM or subscribe to a TravelSurf promo are also entitled to compelling offers. A CALM, RESTFUL EASTER AT BELLEVUE ENJOY a relaxing retreat with your loved ones this Lenten Season as five-star The Bellevue Manila in Alabang offers an enticing room promo for the whole month of April. Get that much-needed break and book an overnight stay complete with amazing inclusions, like two tickets to The Bellevue Manila Easter Kiddie Party, daily buffet breakfast, welcome drinks at Vue Bar, complimentary use of swimming pool and gym facilities, unlimited in-room broadband Internet access, shuttle service to Alabang Town Center, Festival Mall and other nearby commercial/financial districts, daily local newspaper and two bottles of mineral water replenished daily at only P6,500 net for Deluxe Room (Main Wing) and P7,500 net for Deluxe Room (Tower Wing). For inquiries, call (02) 771-8181 or e-mail tbmnl@ thebellevue.com. B M T Tribune News Service TRYING to save carry-on space and security stress by avoiding packed liquids? While you may enjoy using your favorite toiletries on vacation, the hard truth is that lugging them along may cause you more aggravation during the trip than they’re worth. A basic box of baking soda can be purchased inexpensively upon arrival at your chosen destination, and used to assist you with a variety of beauty needs. n Stains: Bright red pedicures and clear polish without sunscreen typically result in stained toenails. Long- term travelers stranded far from a spa can address this issue by scrubbing a mixture of baking soda and peroxide onto your nails and leaving it to sit for up to 15 minutes. Once rinsed, you’ll have lightened nails returned to their natural shade. From there, you can go with a basic, product-free pedicure or try a lighter polish. Either way, the darker yellow stains won’t be there to detract from your chosen look. n Strands: If you’re the type of person who’s a bit addicted to hair products, leaving your favorite potions at home can put you into a grooming tailspin. When backpacking, you can use baking soda as a dry shampoo to apply around roots and throughout your locks when that 16-hour bus ride gets extended due to a flat tire. Simply brush to remove the loose grains after the oils have been absorbed, and you’ll be good to go. You can also mix a little bit into the hotel shampoo to remove buildup from other hair products and deal with chlorine discoloration. Clarifying shampoo can be difficult to find at certain locations, but this solution is something you can implement anywhere for pennies. n Skin: Changes in climate and excessive beach time can leave your face and body in need of additional attention. Baking soda can be added to shower gel for all-over exfoliating, or gently massaged on your face to polish things up prior to makeup application. Don’t forget to treat rough patches on your heels, knees and elbows, as well. n Smiles: Vacation beverages can take a toll on your teeth in the form of discoloration. Keeping a little baking soda in your room will help you combat the effects of things such as red wine, coffee, hot chocolate, iced tea and more. Simply apply some to your toothbrush to scrub your teeth prior to your regular paste brushing. It will remove recent staining, and save you the cost of an expensive bleach treatment at the dentist’s office back home. n Myscha Theriault is a best-selling author and avid traveler. She is currently traveling through North America with her husband and Labrador retriever. Readers can follow their adventures on Twitter by following @MyschaTheriault. Unusual ‘backstage’ things you can only do in London Baking soda answers budget beauty needs on the road S HE traveled by land from Albay to Naga when Nora Aunor stepped into Avenue Hotel, the finest in the city and one of the best in the region. She was with three media representatives (Crispina Martinez-Belen, Bayani San Diego and William Reyes) and her entourage of three. In Legaspi City, she would be given an “ onra ,” a corrupted spelling of the Spanish word “ honra ,” which means “honor” or “pride.” That pride or honor would multiply as she arrived in Naga City for two more awards and the indeterminable love of the many Bikolanos who still treasured being with Nora Aunor, as we would find out later. On the evening of March 25, we welcomed Nora Aunor and her team at Jimmy and Tang, a restaurant in the residence of the late Dolores Hernandez-Sison. The dining area is a cross between a local gourmet center and home cooking. It is important to give this description because the place is cozy, and what would happen that night was a sweet preview of the days to come. The dining area had four tables, with two round tables flanking the main door. One table was already filled up by several balikbayan out to surprise a relative. The group all belonged to prominent families of the city. When I saw the car from the Ateneo de Naga University tasked with fetching her, I stood up to welcome Nora. She entered and, upon seeing the group to her right, she greeted them with “ “ “ saindo gabos ” (literally, “Good evening to you all”). She then walked to the farthest end of the room. I heard someone said: “ Garo si Nora Aunor [She looks like Nora Aunor].” Someone joined in: Nora! I didn’t know what happened but soon a hand was leading Nora to a nearby table. Cameras and mobile phones were whisked out. Nora was smiling throught half-amused and half- pleased. Someone turned to me and exclaimed: She was our idol when we were in high school. The instant photo session began to look like a reunion, with Nora Aunor a batchmate come home. The dinner was finished at 8 pm. By that time, a busload of Nora Aunor fans, some of them officials of the oldest fans club in the country. They had been planning this trip and they were in a tourist bus. They came as guests of Naga city and the Ateneo de Naga University. I would meet them behind the Basilica of the Virgin of Peñafrancia. While Nora was in Buhi upon the invitation of philantropist Cyrus Obsuna, the Noranians had a tour of Naga City and the surrounding areas. At 3 in the afternoon, they sponsored a Mass in the Basilica with Nora Aunor and her team. Fr. Lito Heraldo, an admirer of Nora, officiated the Mass. Nora offered to “Ina,” as the Virgin of Peñafrancia is addressed by devotees. They would tell me the next day that they had a marathon screening via the TV on the bus of Nora Aunor’s films and concert. The 26th was the night for the city to honor her with the symbolic key to the city and the Honorary Nagueña award. Nora is not from Naga; she is from Iriga. The city was officially adopting her as a citizen and daughter. This act was done through a resolution and voted unanimously by the council. That night, Mayor John G. Bongat led the city in welcoming Nora to the Avenue Convention Center. A young violinist played “Sarung Banggi” and Nora entered the venue. Everyone stood up as Nora approached the presidential table occupied by the mayor, his wife, Farrah, and their daughter. Around the table were the city councilors and two poets, Vic Nierva and lawyer Dan Adan, who would read poems dedicated to Nora. The city mayor began with the line: “I am a Noranian and proudly so.” He recalled how his mother Gloria would play day in and day out the songs of Nora on their phonograph. Vice Mayor Nelson Legacion was introduced as a Noranian when he was called to read the citation for Nora as honorary Nagueña. Legacion, before reading the resolution, called in what he called the “other Noranians,” the other councilors present. Before Nora was called to the stage, the room dimmed and an image of a blue night sky and moon was flashed on-screen. Zayda Rifareal, an employee of the City Hall, went up and sang a cool and enchanting version of “Moonlight Becomes You.” The enchanting standard was Nora’s winning piece in Tawag ng Tanghalan . After the song, the singer took a bouquet from Allen Reondanga, the man behind the fascinating night. Zayda approached Nora who touched her cheeks and whispered: “Thank you.” Zayda just kept on bowing. Applause resounded all around. Nora was called to the stage. In a long and animated speech, which the crowd did not want to end, she introduced herself by mentioning in full the names of her father and mother. A life of poverty was what Nora was narrating. There was no bitterness in the voice. She was proving herself to be a raconteur as she recalled how she would listen to the neighbor’s radio and write down the lyrics of the song she loved. “ Mali-mali ang “ “ lyrics [the lyrics were wrong].” Indeed, in her early years, one could nitpick and speak ill of the pronunciation and wrong wording. But, no one—absolutely no one—dared comment badly on that voice that was a cross between alto and angel’s voice, whose interpretations of songs were pure genius and grandeur. Nora Aunor could have gone one and on. Like the song that she sang on and on in Naga City when she was a small, dusky little girl with pain and joy in that voice, “You and the Night and the Music.” Soon, the taking of pictures began. It was fun and chaos until Allen started to call each by group. March 27 began at 9 in the morning. The gate of the Ateneo de Naga University was closed at 8 in the morning, only for it to be opened when the car carrying Nora Aunor arrived at the gate. At past 9, we were informed, the car was passing over the Colgante Bridge, the bridge that fell down in 1972 during the Peñafrancia celebration. The members scampered for their respective positions. Soon Nora was going up to the landing in front of the iconic Four Pillars of the university. The building was constructed in 1940. The war broke out and the Japanese occupied the structure behind it for their headquarters. The university was called the “Fort Santiago” of the Bikol region. Nora Aunor was entering a historic place. She made history as that girl from a very poor background who rose to prominence in cinema not only in the Philippines but in the world. The university recognized her contribution to the region; thus, the Bulawan na Bikolnon (Golden Bikolnon) Service to the Bikol Award. From the Four Pillars, Nora was escorted to the Saint Ignatius Park where she laid a wreath and offered a prayer to the founder of the Jesuit Order. By this time, the Baccalaureate Mass was over and the graduates were taking their break. But very few people were leaving their seats. The contingent of Noranians from Manila were already in their designated place. At 10 in the morning, Nora entered the covered court. Those who were not seated were the first to see her. Mobile phones went up but, instead of a noisy clamor, there was a hush. As the small figure came into sight, the applause started to roll from the last row and went soaring. The sound was deafening as Nora Aunor began her ascent to the stage. Up the stage, she whispered to me how nervous she was. I assured her it was home. The citation was read and Fr. Primitivo Viray, SJ, president of Ateneo de Naga University, handed her the award. She was ushered to the rostrum. Nora was all candor as she recalled once more a life of poverty. She spoke of destiny and following one’s dreams, of a father who woke up immediately when the sound of train was heard for that meant work, of debts from neighbors. She sounded blunt when she recalled how she could not believe that she would become an artista because at the time, actors and actresses were tall, fair-skinned, and beautiful. “ Itum-itom ko na, makanoson pa “ “ [I was very ugly and very dark].” She was speaking in Naga-Bikol and in Irigueña. She was remembering a childhood that, given what she has achieved, appeared to have no link to her present celebrity. She mentioned once more how she sang first at Plaza Quezon in Naga City. Then the crowd started to chant: “Sing, sing, sing.” Nora talked about what happened to her years back, how she lost her voice. There was no sadness in those words. She was all strength. She was at ease with the crowd. The students were getting to know her. Everyone became a Noranian that morning. A city and a university were honoring her. She honored them, as well. Nora Aunor was home. n Credit for the successful events in Naga City belong to Allen Reondanga and his team in the City Events, Protocol and Public Information Office, for the tribute given by the City of Naga. On the Ateneo de Naga University side, Dr. Noel Volante and Aiemon Salvamante led the planning and coordinating with Kristian Cordero, Rico Raquitico, Ryvin Mercado, Belen Amaro, Reggie Regondola, Marlon Razon, and the Administrative Office of the Ateneo de Naga University. ursday-Friday, April 2-3, 2015 D3 Show BusinessMirror www.businessmirror.com.ph REELING TITO GENOVA VALIENTE HEY, Zayn Malik, don’t let the door hit you on the way out: One Direction has reportedly already scrubbed the group’s former fifth man from the video intro that kicks off its On the Road Again concerts. video at the now-quartet’s Saturday show in Johannesburg, South Africa, according to Britain’s Independent. He took himself off tour on March 19 and officially quit the group last Wednesday. The Johannesburg gig was the band’s first since that permanent parting of the ways. Niall Horan and Louis Tomlinson performed Malik’s solos on Saturday, the Independent said. The boy band had already done four-man shows in Jakarta, Indonesia, and in Manila. Liam Payne appeared to tweak a line in the tune “Night Changes” to acknowledge his mate’s departure, Gossip Cop reported. “Having no regrets is all that she really wants” became, “Having no regrets is all that he knew he wants.” Johannesburg fans could also still buy concert merchandise bearing all five faces, the web site said. “I am leaving because I want to be a normal 22-year-old who is able to relax and have some private time out of the spotlight,” Malik said in a statement last week. Apparently, “normal” includes shopping for a multimillion-dollar house with your fiancée, according to pictures of him and Perrie Edwards taken last week and published over the weekend by London’s Mirror . r r Looks as if everyone’s OK with moving on.... Honoring Nora Aunor Zayn who? O ne Direction moves on after scrubbing Malik from intro video SHOW D3 LIFE D1 TRANSPORTATION STRIKE SHUTS DOWN ARGENTINA The W ursday-Friday, April 2-3, 2015 B2 Business briefs B UENOS AIRES, Argentina— Transportation unions brought Argentina to a standstill on Tuesday with a one-day national strike to protest income-tax rates and high inflation they say is eroding their earnings. Transportation strike shuts down Argentina A CYCLIST has the road to herself, left empty by a transportation strike in Buenos Aires, Argentina, on March 31. Flights were canceled, schools shut down, banks closed and thou- sands of businesses were shuttered along largely empty streets. While transportation workers represent only a small part of the South American country’s work force, shutting down trains and bus- es created a domino effect because many Argentines have no other way to get to work or school. Most domestic and international flights were canceled because trans- portation unions represent many airport workers. Some schools can- celed classes and others announced half-days as teachers had trouble getting to work. Even drivers with their own cars had a hard time getting into the capi- tal because members of the Socialist Workers party blocked the principal routes into Buenos Aires. “Total impact,” said Roberto Fer- nandez, leader of the Automotive Tramways Union, one of the main organizers, told Radio Mitre. “But for us there is no happiness here because the country loses. Unfor- tunately, the government refuses to be reasonable.” The unions argue that high taxes and inflation, which private econo- mists put at around 35 percent, have eroded wage gains. They also want to raise the minimum income on which taxes are applied. Top officials in President Cristina Fernandez’s say the tax rates are fair and affect only a small percentage of workers, those who earn more than P15,000 ($1,765) a month. Cabinet chief Anibal Fernandez told reporters that the government believed 95 percent of people who stayed home wanted to work but had no way to get there. “#YoNoParo,” or “I don’t strike,” was a trending hashtag on Twitter, where Argentines joked about hav- ing to stay home and defended job creation under Fernandez’s gov- ernment. The strike comes during Holy Week, a time when business generally slows down and some people take days off from work. It follows the recent collapse of nego- tiations between the government and the unions. Unions hold great influence in Argentina, representing an esti- mated 30 percent to 40 percent of the 11 million registered workers across all sectors of South America’s second-largest economy. More than trying to extract con- cessions from a lame-duck president, the strike was a way to send a signal to candidates before the October elec- tions, said Patricio Giusto, director of Political Diagnostic, an Argentine think tank. Fernandez is barred from running for a third term in October. “Whoever wins, the next presi- dent is going to have to deal with this situation,” Giusto said. “It’s unavoidable if they don’t want to have conflicts” with a large sector of the population. AP Buffett may buy more car dealerships NEW YORK—Fresh off buying the nation’s fourth-largest chain of car dealers, billionaire investor Warren Buffett says he expects to buy more dealerships even as a robust auto market makes showrooms more expensive. Sitting on a panel at the NADA/J.D. Power Automotive Forum on Tuesday, Buffett said he doesn’t worry about overpaying for a dealer. It’s a business where you can estimate within 5 percent to 10 percent the price you’re going to pay, he said. Buffett’s Berkshire Hathaway acquired the Van Tuyl Group this month. Both Buffett and Larry Van Tuyl, who now runs Berkshire’s automotive group, said they don’t view Tesla’s direct-to- consumer distribution model as a threat because of the electric car maker’s small sales volume.AP Thousands strike at major shoe factory in Vietnam HANOI, Vietnam—Thousands of Vietnamese workers at a major footwear factory are on strike for the sixth straight day to protest a social- insurance law. Vietnam is hit by several hundred labor strikes a year mostly over poor working condition and low pay, but protesting a government policy is rare. Several thousand workers began the stoppage on Thursday at the compound of the Taiwanese-owned Pou Yuen factory in southern Ho Chi Minh City. Pou Yuen Vietnam, which employs more than 80,000 workers, is a subsidiary of Pou Chen Group and makes footwear for companies such as Nike and adidas. Workers are protesting a new law, which comes into effect next year, requiring them to buy social insurance when they retire instead of getting a one-time payment. AP B UENOS AIRES, Argenti- na—The son of Argentina’s president on Tuesday de- nied anonymously sourced press reports alleging he had foreign bank accounts, calling them false accusations designed to smear his mother’s administration. “Let’s be clear. I never had and do not have any account abroad, abso- lutely nothing,” Maximo Kirchner told local radio Continental during an interview. On Sunday the newspaper Clarin, which has long been at odds with President Cristina Fernandez, pub- lished a story saying Kirchner held joint accounts in the US and Cayman Islands with Nilda Garre, a former de- fense minister who is now Argentine ambassador to the Organization of American States. Citing unidentified bank sources, Clarin said the accounts had tens of millions of dollars. Garre also had two accounts in an Iranian bank, which created “suspicions of business triangulation between Argentina, Iran and Venezuela,” Clarin said. The Brazilian magazine Veja published on Monday a similar report, citing an unidentified US financial sector investigator. Ear- lier this month, Veja published a report claiming Iran asked former Venezuelan President Hugo Chavez to mediate a deal with Argentina in which the South American country would cover up the roles of Iranians wanted in the 1994 car-bombing of a Jewish community center. Garre strongly denied the claims over the weekend. On Tuesday Kirchner said he did not usually re- spond to false reports, but said the allegations were so strong that he felt compelled to speak out. “Nobody called me, not the Bra- zilian publication or Clarin, to check this information,” said Kirchner, who rarely grants interviews. Kirchner said the reports were an attempt to hurt his mother’s govern- ment by keeping attention on the death of prosecutor Alberto Nisman. Days before he was found shot dead in this apartment on January 18, Nisman had accused Fernandez and top administration officials of orchestrating a secret deal with Iran to cover up the roles of several Iranian officials wanted in the com- munity center attack, which killed 85 people and wounded hundreds. Nis- man said the Argentine government made the agreement in exchange for favorable trade deals with the Middle Eastern country. Fernandez has strongly denied the allegations, saying Argentina had nothing to gain from such a deal, and Iran has long denied involvement in the attack. Nisman’s death, which has cap- tivated Argentines, has not been solved. Authorities say they are in- vestigating a possible homicide or suicide. The case that Nisman built against Fernandez is in limbo and has become a flashpoint in a sharply polarized country ahead of the presi- dential election in October. The case was thrown out by a federal judge in February, and then upon appeal, was thrown out again by the Federal Chamber. In both cases, the judges said there was no proof a crime had been committed. The case was appealed on Tuesday to the Criminal Appeals Court. AP Son of Argentine president denies news reports about bank account N EW YORK—Fast-food la- bor organizers say they’re expanding the scope of their campaign for $15 an hour and unionization, this time with a day of actions including other low-wage workers and demonstrations on col- lege campuses. Kendall Fells, organizing direc- tor for Fight for $15, said on Tues- day the protests will take place on April 15 and are planned to include actions on about 170 college cam- puses, as well as cities around the country and abroad. At an event announcing the ac- tions in front of a McDonald’s in New York City’s Times Square, orga- nizers said home health-care aides, airport workers, adjunct professors, child-care workers and Wal-Mart workers will be among those turn- ing out in April. Terrence Wise, a Burger King worker from Kansas City, Missouri, and a national leader for the Fight for $15 push, said more than 2,000 groups including Jobs With Justice and the Center for Popular Democ- racy will show their support as well. “This will be the biggest mobili- zation America has seen in decades,” Wise said at the rally as pedestrians walked past on the busy street. The plans are a continuation of a cam- paign that began in late 2012. The push is being spearheaded by the Service Employees International Union and has included demonstra- tions nationwide to build public support for raising pay for fast- food and other low-wage workers, although turnout has varied from city to city. Last May the campaign reached the doorsteps of McDonald’s head- quarters in Oak Brook, Illinois, where protesters were arrested after declining to leave the prop- erty ahead of the company’s annual meeting. Fells, an SEIU employee, said April 15 was picked for the next day of actions because workers are fighting “for 15.” “It’s a little play on words,” he said. Fells noted that while the push began as a fast-food worker move- ment, it has morphed into a broader push for low-wage workers and is now shifting into a social justice movement with the involvement of “Black Lives Matter” activists join- ing in in the April protests. Still, he AP Fast-food labor organizers plan actions for April 15 B AHORUCO, Dominican Republic—The men in ragged clothes, many barefoot and covered in grime, scramble deep into the earth, searching for veins of a blue-green stone believed to exist only in the southwestern mountains of the Dominican Republic. The stone is larimar, and its existence under these wooded slopes has been both a boon and a curse for men such as Juan Pablo Feliz, who says there is no other work in the impoverished region. Few strike it rich, but the gem has provided modest incomes for about 1,000 miners and their families since they began working the deposits four decades ago. Now, Dominican officials are trying to make mining safer and more profitable for the men who toil in roughly five dozen makeshift tunnels that pockmark the forested mountains of Barahona province like ugly scars. In March authorities celebrated the completion of a 400-meter tunnel meant to make the work safer. And the government opened a school last fall to train locals to cut and polish larimar and turn it into jewelry, hoping to increase their meager income. Prices for larimar jewelry can vary from a few dollars for a bauble sold on a Dominican beach to thousands of dollars in an upscale store or abroad. “The idea is to give some added value to the stone, and to see that value stay in this region,” said Brunildo Espinosa, director of the school, which now has 130 students whose works will be sold at a state-sponsored store in the Punta Cana resort complex and in the capital, Santo Domingo. The new projects are part of the government’s efforts to promote tourism in Barahona and neighboring Pedernales province, which share some of the most beautiful seascapes of the country, including the pristine Bahia de las Aguilas. AP Better lives sought for larimar miners in Dominican Republic S AN FRANCISCO—Google is releasing its cheapest Chromebook laptops yet, two versions priced at $149 aimed at undercutting Microsoft’s Windows franchise and gaining ground in even more classrooms. Various PC manufacturers have been working with Google to design lightweight laptops running on the Chrome operating system since 2011. The newest versions are made by Hi- sense and Haier. Hisense’s Chromebook can be ordered beginning on Tuesday at Walmart.com and Haier’s version can be bought at Amazon.com. Their arrival coincides with Mi- crosoft’s rollout of a lower-priced Surface tablet in an effort to reach students and budget-conscious fami- lies. Preorders for that device began on Tuesday, too. As the prices for tablets and smartphones have been declining, it has forced on PC makers to lower their prices, said International Data Corp. (IDC) analyst Jay Chou. The success of the Chromebook line is intensifying the PC pricing pressure. “It has been good news for con- sumers, but not so good for vendors,” Chou said. The cheaper version of the Sur- face Pro 3 sells for $499, compared with $799 to $1,949 for the higher- end models. The discounted version has a slightly smaller screen—10.8 inches rather than 12—a slower processor, and less flexible kick- stand—just three angles rather than unlimited positions. The Chromebook has served a dual purpose for Google. Like the company’s Android software for mobile devices, the Chrome system is set up so users will automatically begin using Google’s search engine and other services, such as Gmail and YouTube. Google has used the Chrome- books as a prod to bring down the prices of all PCs, something the company wanted to do because it has more opportunities to show the digital ads that bring in most of its revenue when more people can afford to buy an Internet- connected device. “We cannot be happier that Mi- crosoft is helping drive down the prices of PCs,” said Caesar Sengupta, Google’s vice president of product management for Chromebooks. “If Microsoft is reacting to [Chromebook’s low prices], that’s fantastic. We love it.” Unlike most computers, Chrome- books don’t have a hard drive. In- stead, they function as terminals de- pendent on an Internet connection to get most work done. Despite those limitations, Chromebooks have been steadily gaining in popularity, particularly in schools, as more ap- plications and services made avail- able over Internet connections—a phenomenon known as “cloud com- puting” that has reduced the need for hard drives. About 6 million Chromebooks were sold worldwide last year, more than doubling from 2.7 mil- lion in 2013, according to IDC. In contrast, sales in the overall PC market slipped 2 percent last year, marking the third consecutive an- nual decline. IDC is projecting 8 million Chromebooks will be sold this year. AP Google, Microsoft battle drives down prices for PCs, tablets IN this March 17 file photo, dozens of fast-food workers and their supporters protest workplace conditions in front of a McDonald’s restaurant in New York. WORLD B2 I.M.F. NOW SEES ECONOMY GROWING 6.7% THIS YEAR, BUT STILL BELOW OFFICIAL GOV’T TARGET ‘BISIKLETA IGLESIA’ Bikers give a new twist to the traditional Visita Iglesia, a pious Roman Catholic Lenten tradition of visiting seven churches or religious sites, with the Bisikleta Iglesia 2015. Hosted by Lima Park Hotel and presented by First Asia Institute of Technology and Humanities, Bisikleta Iglesia 2015 is a religious and heritage biking tour through three towns, seven churches that include five shrines, and 52 kilometers of rustic roads and Batangas culture. The tour itinerary includes visits to Santo Niño Parish Church, Marawoy, Marian Orchard, Balete, Divino Amor Chapel- Redemptorist, Parish of Mary, Mediatrix of All Grace, Our Lady of Mount Carmel Monastery, Metropolitan Cathedral of San Sebastian and Parish of Saint Thérèse of the Child Jesus. ROY DOMINGO B ILLIONAIRE Henry Sy Sr., the richest person in the Philippines, will start to develop apartments, offices and hotels around his shopping malls to maximize the value of his prop- erty holdings in the face of similar moves by competitors. Fifteen of 50 shopping malls now owned by Sy’s SM Prime Holdings Inc. are on land large enough for high-density, mixed-used develop- ment, Executive Vice President Jef- frey Lim, 53, said in an interview in Manila on Monday. Depending on demand, five so- called townships will be built in two years and about 10 more over five years, he said. The townships will be part of SM Prime’s P500-billion ($11-bil- B B C T HE International Monetary Fund (IMF), one of the most conservative institutions there is and always very hard to please, scaled up its growth forecast for the Philippines to 6.7 percent in terms of local output, or the gross domestic product (GDP), this year. C A The accelerated growth path seen for the $272-billion economy this year came at a time when econ- omies around Asia were forecast to slow down, as consequence of more moderate-than-expected global demand and a result of a weeklong visit by a team of IMF experts to the Philippines. In the wake of that visit, growth was seen rising moderately as a

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  • lion) expansion from now through 2019, Lim added. They will pit the largest Philippine mall devel-oper against Ayala Land Inc. and Megaworld Corp., the biggest builders of mixed-used projects. Ayala and Megaworld have been building townships for several years, capitalizing on the rising office-space needs of outsourcing companies, while higher remit-tances from Filipinos abroad have fueled home purchases.

    SM Prime has plenty of re-sources around its malls, and these

    www.businessmirror.com.ph nTfridayNovember 18, 2014 Vol. 10 No. 40 P. | | 7 DAYS A WEEKnThursday-Friday, April 2-3, 2015 Vol. 10 No. 176A broader look at todays business

    BusinessMirrorBusinessMirrorTHREETIME ROTARY CLUB OF MANILA JOURNALISM AWARDEE2006, 2010, 2012U.N. MEDIA AWARD 2008

    ROTARY CLUB

    JOURNALISM

    C A

    C A

    PESO EXCHANGE RATES nUS 44.7250 nJAPAN 0.3726 nUK 66.3182 n HK 5.7687 n CHINA 7.2142 n SINGAPORE 32.6055 n AUSTRALIA 34.1256 n EU 48.0570 n SAUDI ARABIA 11.9238 Source: BSP (1 April 2015)

    Henry Sy to build microcities around his malls

    LIM: Our thrust is to maximize

    the synergies of integrated

    development. Building lifestyle

    cities will maximize the potential of our

    properties.

    CHINACREATING GREAT WALLOFSAND INSEAU.S. ADMIRALCHINA is creating a great wall of sand through land recla-mation in the South China Sea (West Philippine Sea), causing serious concerns about its territo-rial intentions, the commander of the US Pacific Fleet said on Tuesday. Adm. Harry Harris Jr. told a naval conference in Australia that com-peting territorial claims by several nations in the South China Sea are increasing regional tensions and the potential for miscalculation. But whats really drawing a lot of concern in the here and now is the unprecedented land reclama-tion currently being conducted by China, he said. China is building artificial land by pumping sand on to live coral reefssome of them submerged and paving over them with con-crete. China has now created over 4 square kilometers [1.5 square miles] of artificial landmass, he said. Harris said the region is known

    for its beautiful natural islands, but in sharp contrast, China is creating a great wall of sand with dredges and bulldozers over the course of months. China claims virtually all of the South China Sea. The Philip-pines and other countries which have territorial disputes with China in the busy sea have been particu-larly concerned by the land-recla-mation projects, which have turned a number of previously submerged reefs in the Spratlys archipelago into artificial islands with buildings, runways and wharves. The islands could be used for military and other facilities to bol-ster Chinas territorial claims. Harris said the pace of Chinas construction of artificial islands raises serious questions about Chinese intentions. He said the United States con-tinues to urge all claimants to

    IMF ups PHL growth forecastINSIDE

    UNUSUAL BACKSTAGE THINGS YOU

    CAN ONLY DO IN LONDON

    HONORING NORA AUNOR

    D1

    Life ursday-Friday, April 2-3, 2015

    Life BusinessMirror

    Life Editor: Gerard S. Ramos [email protected]

    DDEAR Father, You are the ruler of the universe, the king EAR Father, You are the ruler of the universe, the king EAR Father, You are the ruler of the universe, the king of the world, the master of the human heart. There is of the world, the master of the human heart. There is nothing beyond Your reach; nothing lies outside Your nothing beyond Your reach; nothing lies outside Your power. You order the course of the planets, the changing of the power. You order the course of the planets, the changing of the seasons, the laws of nature, the instincts of animals. But also seasons, the laws of nature, the instincts of animals. But also Your will that human persons be free. You made us so that we Your will that human persons be free. You made us so that we can choose to do good or evil, to serve You or an idol. Today, can choose to do good or evil, to serve You or an idol. Today, at home and at work, we will have to make several choices, but at home and at work, we will have to make several choices, but we should always remember that You have a say in our choice. we should always remember that You have a say in our choice. Amen.

    To make several choices

    VIRGIE SALAZAR AND LOUIE M. LACSONVIRGIE SALAZAR AND LOUIE M. LACSONWord&Life Publications [email protected]@yahoo.com

    COLORFUL HOME IS A PLEASANT

    ADVENTURED2Life COLORFUL HOME IS A PLEASANT ADVENTURE

    B G H | Airfarewatchdog.com

    IN February Los Angeles resident Adaeze Uyanwah won what was perhaps the ultimate travel contest. After submitting a brief statement and short video explaining why she should be picked, the University of California, Los Angeles film student got a call informing her that she was chosen from among over 10,000 entrants to visit London for two weeks as Londons Guest of Honour. After much incredulous screaming, she was soon on her way via Air New Zealand business class.

    And it was a truly unusual visit. She toured the Science Museum with Prof. Stephen Hawking (who quipped that Eddie Redmayne did a good job but didnt have his looks), met Mayor of London Boris Johnson, had tea with Downton Abbeys Mr. Carson (actor Jim Carter), visited 10 Downing Street (the prime minister wasnt available unfortunately), took a private tour of the Houses of Parliament and Warner Bros. Studios Tour London, lowered and raised the famous Tower Bridge, toured the Royal Opera House backstage, and much more (the 5,000 she received for a shopping spree on Oxford Street didnt hurt, either).

    It was a true insider look at London and you, too, can experience some amazing backstage experiences on your next London visit. Here are seven unusual things you can do that most visitors, and even Londoners, scarcely know about:

    FLY A BRITISH AIRWAYS JEThttp://bit.ly/1EUykj0IF you like video games, have ever dreamed of being a

    pilot, or just want the thrill of a lifetime, British Airways will let you fly in the same flight simulators used to train their pilots. I did this for several hours and I was quite giddy. Its an incredible experience.

    TOUR THE HOUSES OF PARLIAMENThttp://bit.ly/1C0PoTFADAEZE got a private tour of the Palace of Westminster with the speaker of the House of Commons, but anyone can visit and watch debates in a group tour. The interior architecture will have you craning your neck in every direction.

    BACKSTAGE TOUROF THE ROYAL OPERA HOUSEhttp://www.roh.org.uk/tours/backstage-tourPERHAPS youll watch a ballet class in progress, see current and historic stage sets, or even spy a famous opera or ballet star. And if you get a chance, pick up some tickets for a performance.

    TOUR THE ORIGINAL HOGWARTS EXPRESShttp://www.wbstudiotour.co.uk/IF youre a Harry Potter youre a Harry Potter youre a fan, taking a tour of Warner Harry Potter fan, taking a tour of Warner Harry PotterBros. Studios Tour London is a must. Opened just recently, a new exhibit shows visitors the original Hogwarts Express steam engine and a recreation of Platform 9 3/4 provides a glimpse into how some of the films most iconic scenes were created.

    BACKSTAGE TOURS OF LONDON THEATERShttp://bit.ly/1wpvAL0LONDONS Guest of Honour actually got to be an

    extra in the chorus of the London cast of Mama Mia! for an evening.

    Sorry, but thats not on offer. However, if youre a theater fan, these tours are a must. The National Theatre and Theatre Royal Drury Lane are two especially good ones.

    TOUR AND WITNESS THE ROYAL COURTSOF JUSTICE IN ACTIONhttp://bit.ly/1B0wqsVNO country does justice with quite the pompand circumstance (wigs and gowns for days!) thatEngland does.

    Not only is the architecture impressive but the proceedings, which you can witness from the gallery, are fascinating too. Guided tours should be booked far in advance of your trip

    OPEN HOUSE LONDONhttp://www.openhouselondon.org.uk/FOR the ultimate backstage experience, this annual FOR the ultimate backstage experience, this annual FORevent literally opens to the public buildings that are normally off-limits (this year the event happens September 19 and 20).

    The theme is revealing great architecture for free, and, indeed, the entire weekend offers free admission. For example, last year you could visit 10 Downing Street (the UKs White House equivalent) if you were lucky enough to win a lottery for the limited number of places.

    So if youve visited London dozens of times and done the top 10 things such as the Tower of London and so on, next time put these backstage opportunities on your list. n

    PHILIPPINE TOURISMGETS ANOTHER BOOSTTHE Philippines saw 2014 as a successful year in tourism with more tourists visiting the country. According to the Department of Tourism, inbound visitors during the year grew by 3.25 percent, while total earnings from inbound tourism increased by 10 percent against previous years earnings.

    This upward trend drove Globe Telecom, together with trusted one-stop online travel solutions site AsiaTravel.com, to offer tourists exclusive connectivity deals that will allow them to stay in touch anytime, anywhere with the Globe Traveler SIM and the TravelSurf promo.

    The Philippines is rapidly becoming a destination hub for tourists worldwide on the back of our booming economy and top vacation spots. In order to complete their travel experience in the country, we at Globe aim to be their connectivity partner of choice with our innovative and affordable deals, Globe SVP for International Business Rizza Maniego-Eala shares.

    Available to Philippine tourists, the Globe Traveler SIM (www.globe.com.ph/traveler-sim) offers local www.globe.com.ph/traveler-sim) offers local www.globe.com.ph/traveler-simrates for calls, texts and mobile data services.

    With the SIM, users can call abroad for as low as $0.40 per minute; receive calls and SMS from abroad for free, and cut costs on mobile data with a TravelSurf promo. With TravelSurf, users can access the Internet on mobile for only P500 for seven days or P1,000 for 30 days.

    With the special SIM and the TravelSurf promo, tourists can connect with their contacts from around the world through calls, texts and mobile Internet, enabling access to instant messaging, social networking, e-mails and search engines, as well as their favorite apps. They also get the best treats that include free Globe mobile Internet services or free AsiaTravel vouchers.

    Travelers who booked their trips in the Philippines via www.AsiaTravel.com will also get a www.AsiaTravel.com will also get a www.AsiaTravel.comfree Traveler SIM loaded with free mobile Internet service. Tourists get a minimum of two days of free mobile Internet access for an overnight stay in the Philippines to as many as 30 days for a 16-night stay or more. Meanwhile, existing Globe customers who also purchase their own Traveler SIM or subscribe to a TravelSurf promo are also entitled to compelling offers.

    A CALM, RESTFUL EASTERAT BELLEVUE ENJOY a relaxing retreat with your loved ones this Lenten Season as five-star The Bellevue Manila in Alabang offers an enticing room promo for the whole month of April.

    Get that much-needed break and book an overnight stay complete with amazing inclusions, like two tickets to The Bellevue Manila Easter Kiddie Party, daily buffet breakfast, welcome drinks at Vue Bar, complimentary use of swimming pool and gym facilities, unlimited in-room broadband Internet access, shuttle service to Alabang Town Center, Festival Mall and other nearby commercial/financial districts, daily local newspaper and two bottles of mineral water replenished daily at only P6,500 net for Deluxe Room (Main Wing) and P7,500 net for Deluxe Room (Tower Wing).

    For inquiries, call (02) 771-8181 or e-mail [email protected].

    B M TTribune News Service

    TRYING to save carry-on space and security stress by avoiding packed liquids? While you may enjoy using your favorite toiletries on vacation, the hard truth is that lugging them along may cause you more aggravation during the trip than theyre worth. A basic box of baking soda can be purchased inexpensively upon arrival at your chosen destination, and used to assist you with a variety of beauty needs.

    nStains: Bright red pedicures and clear polish without sunscreen typically result in stained toenails. Long-term travelers stranded far from a spa can address this issue by scrubbing a

    mixture of baking soda and peroxide onto your nails and leaving it to sit for up to 15 minutes.

    Once rinsed, youll have lightened nails returned to their natural shade. From there, you can go with a basic, product-free pedicure or try a lighter polish. Either way, the darker yellow stains wont be there to detract from your chosen look.

    nStrands: If youre the type of person whos a bit addicted to hair products, leaving your favorite potions at home can put you into a grooming tailspin. When backpacking, you can use baking soda as a dry shampoo to apply around roots and throughout your locks when that 16-hour bus ride gets extended due to a flat tire. Simply brush

    to remove the loose grains after the oils have been absorbed, and youll be good to go. You can also mix a little bit into the hotel shampoo to remove buildup from other hair products and deal with chlorine discoloration. Clarifying shampoo can be difficult to find at certain locations, but this solution is something you can implement anywhere for pennies.

    nSkin: Changes in climate and excessive beach time can leave your face and body in need of additional attention. Baking soda can be added to shower gel for all-over exfoliating, or gently massaged on your face to polish things up prior to makeup application. Dont forget to treat rough patches on your heels, knees and elbows, as well.

    nSmiles: Vacation beverages can take a toll on your teeth in the form of discoloration. Keeping a little baking soda in your room will help you combat the effects of things such as red wine, coffee, hot chocolate, iced tea and more. Simply apply some to your toothbrush to scrub your teeth prior to your regular paste brushing. It will remove recent staining, and save you the cost of an expensive bleach treatment at the dentists office back home.

    n Myscha Theriault is a best-selling author and avid traveler. She is currently traveling through North America with her husband and Labrador retriever. Readers can follow their adventures on Twitter by following @MyschaTheriault.

    PHILIPPINE TOURISM

    Unusual backstage things you can only do in London

    Baking soda answers budget beauty needs on the road

    VISITORS to the Houses of Parliament begin their tour in Westminster Hall. VISITENGLAND/

    UKPARLIAMENT/TNS

    SHE traveled by land from Albay to Naga City. It was almost three in the afternoon when Nora Aunor stepped into Avenue Hotel, the finest in the city and one of the best in the region. She was with three media representatives (Crispina Martinez-Belen, Bayani San Diego and William Reyes) and her entourage of three.

    In Legaspi City, she would be given an onra, a corrupted spelling of the Spanish word honra, which means honor or pride.

    That pride or honor would multiply as she arrived in Naga City for two more awards and the indeterminable love of the many Bikolanos who still treasured being with Nora Aunor, as we would find out later.

    On the evening of March 25, we welcomed Nora Aunor and her team at Jimmy and Tang, a restaurant in the residence of the late Dolores Hernandez-Sison. The dining area is a cross between a local gourmet center and home cooking. It is important to give this description because the place is cozy, and what would happen that night was a sweet preview of the days to come. The dining area had four tables, with two round tables flanking the main door. One table was already filled up by several balikbayan out to surprise a relative. The group all belonged to prominent families of the city. When I saw the car from the Ateneo de Naga University tasked with fetching her, I stood up to welcome Nora. She entered and, upon seeing the group to her right, she greeted them with Dios marhay na banggi po she greeted them with Dios marhay na banggi po she greeted them with saindo gabos (literally, Good evening to you all). She then walked to the farthest end of the room. I heard someone said: Garo si Nora Aunor [She looks like Nora Aunor]. Someone joined in: Si Nora! I didnt know what happened but soon a hand was leading Nora to a nearby table. Cameras and mobile phones were whisked out. Nora was smiling throught half-amused and half-pleased. Someone turned to me and exclaimed: She was our idol when we were in high school. The instant photo session began to look like a reunion, with Nora Aunor a batchmate come home.

    The dinner was finished at 8 pm. By that time, a busload of Nora Aunor fans, some of them officials of the oldest fans club in the country. They had been planning this trip and they were in a tourist bus. They came as guests of Naga city and the Ateneo de Naga University. I would meet them behind the Basilica of the Virgin of Peafrancia. While Nora was in Buhi upon the invitation of philantropist Cyrus Obsuna, the Noranians had a tour of Naga City and the surrounding areas. At 3 in the afternoon, they sponsored a Mass in the Basilica with Nora Aunor and her team. Fr. Lito Heraldo, an admirer of Nora, officiated the Mass. Nora offered to Ina, as the Virgin of Peafrancia is addressed by devotees. They would tell me the next day that they had a marathon screening via the TV on the bus of Nora Aunors films and concert.

    The 26th was the night for the city to honor her with the symbolic key to the city and the Honorary Naguea award. Nora is not from Naga; she is from Iriga. The city was officially adopting her as a citizen and daughter. This act was done through a resolution and voted unanimously by the council. That night, Mayor John G. Bongat led the city in welcoming Nora to the Avenue Convention Center.

    A young violinist played Sarung Banggi and

    Nora entered the venue. Everyone stood up as Nora approached the presidential table occupied by the mayor, his wife, Farrah, and their daughter. Around the table were the city councilors and two poets, Vic Nierva and lawyer Dan Adan, who would read poems dedicated to Nora. The city mayor began with the line: I am a Noranian and proudly so. He recalled how his mother Gloria would play day in and day out the songs of Nora on their phonograph. Vice Mayor Nelson Legacion was introduced as a Noranian when he was called to read the citation for Nora as honorary Naguea. Legacion, before reading the resolution, called in what he called the other Noranians, the other councilors present. Before Nora was called to the stage, the room dimmed and an image of a blue night sky and moon was flashed on-screen. Zayda Rifareal, an employee of the City Hall, went up and sang a cool and enchanting version of Moonlight Becomes You. The enchanting standard was Noras winning piece in Tawag ng Tanghalan. After the song, the singer took a bouquet from Allen Reondanga, the man behind the fascinating night. Zayda approached Nora who touched her cheeks and whispered: Thank you. Zayda just kept on bowing. Applause resounded all around.

    Nora was called to the stage. In a long and animated speech, which the crowd did not want to end, she introduced herself by mentioning in full the names of her father and mother. A life of poverty was what Nora was narrating. There was no bitterness in the voice. She was proving herself to be a raconteur as she recalled how she would listen to the neighbors radio and write down the lyrics of the song she loved. Mali-mali ang down the lyrics of the song she loved. Mali-mali ang down the lyrics of the song she loved. lyrics [the lyrics were wrong]. Indeed, in her early years, one could nitpick and speak ill of the pronunciation and wrong wording. But, no oneabsolutely no onedared comment badly on that voice that was a cross between alto and angels voice, whose interpretations of songs were pure genius and grandeur.

    Nora Aunor could have gone one and on. Like the song that she sang on and on in Naga City when she was a small, dusky little girl with pain and joy in that voice, You and the Night and the Music. Soon, the taking of pictures began. It was fun and chaos until Allen started to call each by group. March 27 began at 9 in the morning. The gate of the Ateneo de Naga University was closed at 8 in the morning, only for it to be opened when the car carrying Nora Aunor arrived at the gate.

    At past 9, we were informed, the car was passing over the Colgante Bridge, the bridge that fell down in 1972 during the Peafrancia celebration. The members scampered for their respective positions. Soon Nora was going up to the landing in front of the iconic Four Pillars of the university.

    The building was constructed in 1940. The war broke out and the Japanese occupied the structure behind it for their headquarters. The university was called the Fort Santiago of the Bikol region.

    Nora Aunor was entering a historic place. She made history as that girl from a very poor background who rose to prominence in cinema not only in the Philippines but in the world.

    The university recognized her contribution to the region; thus, the Bulawan na Bikolnon (Golden Bikolnon) Service to the Bikol Award.

    From the Four Pillars, Nora was escorted to the Saint Ignatius Park where she laid a wreath and offered a prayer to the founder of the Jesuit Order. By this time, the Baccalaureate Mass was over and the graduates were taking their break. But very few people were leaving their seats. The contingent of Noranians from Manila were already in their designated place.

    At 10 in the morning, Nora entered the covered court. Those who were not seated were the first to see her. Mobile phones went up but, instead of a noisy clamor, there was a hush. As the small figure came into sight, the applause started to roll from the last row and went soaring. The sound was deafening as Nora Aunor began her ascent to the stage. Up the stage, she whispered to me how nervous she was. I assured her it was home.

    The citation was read and Fr. Primitivo Viray, SJ, president of Ateneo de Naga University, handed her the award. She was ushered to the rostrum. Nora was all candor as she recalled once more a life of poverty. She spoke of destiny and following ones dreams, of a father who woke up immediately

    when the sound of train was heard for that meant work, of debts from neighbors. She sounded blunt when she recalled how she could not believe that she would become an artista because at the time, actors and actresses were tall, fair-skinned, and beautiful. Itum-itom ko na, makanoson paItum-itom ko na, makanoson pa [I was very ugly and very dark]. She was speaking in Naga-Bikol and in Iriguea. She was remembering a childhood that, given what she has achieved, appeared to have no link to her present celebrity. She mentioned once more how she sang first at Plaza Quezon in Naga City. Then the crowd started to chant: Sing, sing, sing. Nora talked about what happened to her years back, how she lost her voice. There was no sadness in those words. She was all strength. She was at ease with the crowd. The students were getting to know her. Everyone became a Noranian that morning.

    A city and a university were honoring her. She honored them, as well.

    Nora Aunor was home.

    n Credit for the successful events in Naga City belong to Allen Reondanga and his team in the City Events, Protocol and Public Information Office, for the tribute given by the City of Naga. On the Ateneo de Naga University side, Dr. Noel Volante and Aiemon Salvamante led the planning and coordinating with Kristian Cordero, Rico Raquitico, Ryvin Mercado, Belen Amaro, Reggie Regondola, Marlon Razon, and the Administrative Office of the Ateneo de Naga University.

    ursday-Friday, April 2-3, 2015 D3

    ShowBusinessMirrorwww.businessmirror.com.ph

    REELINGTITO GENOVAVALIENTE

    [email protected]

    HEY, Zayn Malik, dont let the doorhit you on the way out: One Direction has reportedly already scrubbed the groups former fifth man from the video intro that kicks off its On the RoadAgain concerts.

    Maliks mug was absent fromthe video at the now-quartets Saturday show in Johannesburg, South Africa, according to Britains Independent.

    He took himself off tour on March 19 and officially quit the group last Wednesday. The Johannesburg gig was the bands first since that permanent parting of the ways.

    Niall Horan and Louis Tomlinson performed Maliks solos on Saturday, the Independent said. The boy band had already done four-man shows in Jakarta, Indonesia, and in Manila.

    Liam Payne appeared to tweak a

    line in the tune Night Changes to acknowledge his mates departure,Gossip Cop reported. Having no regrets is all that she really wants became, Having no regrets is all that he knew he wants.

    Johannesburg fans could also still buy concert merchandise bearing all five faces, the web site said.

    I am leaving because I want to be a normal 22-year-old who is able to relax and have some private time out of the spotlight, Malik said in a statement last week.

    Apparently, normal includes shopping for a multimillion-dollar house with your fiance, according to pictures of him and Perrie Edwards taken last week and published over the weekend by LondonsMirror.Mirror.Mirror

    Looks as if everyones OK with moving on.... LOS ANGELES TIMES

    Honoring Nora Aunor

    Zayn who? One Direction moves onafter scrubbing Malik from intro video

    ZAYN MALIK SHOW D3

    LIFE D1

    TRANSPORTATIONSTRIKE SHUTS

    DOWN ARGENTINA

    The Worldursday-Friday, April 2-3, 2015B2 BusinessMirror

    briefs

    BUENOS AIRES, ArgentinaTransportation unions brought Argentina to a standstill on Tuesday with a one-day national strike to protest income-tax rates and high inflation they say is eroding their earnings.

    Transportation strikeshuts down Argentina

    A CYCLIST has the road to herself, left empty by a transportation strike in Buenos Aires, Argentina, on March 31.

    Flights were canceled, schools shut down, banks closed and thou-sands of businesses were shuttered along largely empty streets.

    While transportation workers represent only a small part of the South American countrys work force, shutting down trains and bus-es created a domino effect because many Argentines have no other way to get to work or school.

    Most domestic and international flights were canceled because trans-portation unions represent many airport workers. Some schools can-celed classes and others announced half-days as teachers had trouble getting to work.

    Even drivers with their own cars had a hard time getting into the capi-tal because members of the Socialist Workers party blocked the principal

    routes into Buenos Aires.Total impact, said Roberto Fer-

    nandez, leader of the Automotive Tramways Union, one of the main organizers, told Radio Mitre. But for us there is no happiness here because the country loses. Unfor-tunately, the government refuses to be reasonable.

    The unions argue that high taxes and inflation, which private econo-mists put at around 35 percent, have eroded wage gains. They also want to raise the minimum income on which taxes are applied.

    Top officials in President Cristina Fernandezs say the tax rates are fair and affect only a small percentage of workers, those who earn more than P15,000 ($1,765) a month.

    Cabinet chief Anibal Fernandez told reporters that the government

    believed 95 percent of people who stayed home wanted to work but had no way to get there.

    #YoNoParo, or I dont strike, was a trending hashtag on Twitter, where Argentines joked about hav-ing to stay home and defended job creation under Fernandezs gov-ernment. The strike comes during Holy Week, a time when business generally slows down and some people take days off from work. It follows the recent collapse of nego-tiations between the government and the unions.

    Unions hold great influence in Argentina, representing an esti-mated 30 percent to 40 percent of the 11 million registered workers across all sectors of South Americas second-largest economy.

    More than trying to extract con-cessions from a lame-duck president, the strike was a way to send a signal to candidates before the October elec-tions, said Patricio Giusto, director of Political Diagnostic, an Argentine think tank. Fernandez is barred from running for a third term in October.

    Whoever wins, the next presi-dent is going to have to deal with this situation, Giusto said.

    Its unavoidable if they dont want to have conflicts with a large sector of the population. AP

    Buffett may buymore car dealerships NEW YORKFresh off buying the nations fourth-largest chain of car dealers, billionaire investor Warren Buffett says he expects to buy more dealerships even as a robust auto market makes showrooms more expensive. Sitting on a panel at the NADA/J.D. Power Automotive Forum on Tuesday, Buffett said he doesnt worry about overpaying for a dealer. Its a business where you can estimate within 5 percent to 10 percent the price youre going to pay, he said. Buffetts Berkshire Hathaway acquired the Van Tuyl Group this month. Both Buffett and Larry Van Tuyl, who now runs Berkshires automotive group, said they dont view Teslas direct-to-consumer distribution model as a threat because of the electric car makers small sales volume. AP

    Thousands strike at majorshoe factory in Vietnam HANOI, VietnamThousands of Vietnamese workers at a major footwear factory are on strike for the sixth straight day to protest a social-insurance law. Vietnam is hit by several hundred labor strikes a year mostly over poor working condition and low pay, but protesting a government policy is rare. Several thousand workers began the stoppage on Thursday at the compound of the Taiwanese-owned Pou Yuen factory in southern Ho Chi Minh City. Pou Yuen Vietnam, which employs more than 80,000 workers, is a subsidiary of Pou Chen Group and makes footwear for companies such as Nike and adidas. Workers are protesting a new law, which comes into effect next year, requiring them to buy social insurance when they retire instead of getting a one-time payment. AP

    BUENOS AIRES, Argenti-naThe son of Argentinas president on Tuesday de-nied anonymously sourced press reports alleging he had foreign bank accounts, calling them false accusations designed to smear his mothers administration.

    Lets be clear. I never had and do not have any account abroad, abso-lutely nothing, Maximo Kirchner told local radio Continental during an interview.

    On Sunday the newspaper Clarin, which has long been at odds with President Cristina Fernandez, pub-lished a story saying Kirchner held joint accounts in the US and Cayman Islands with Nilda Garre, a former de-fense minister who is now Argentine ambassador to the Organization of American States.

    Citing unidentified bank sources, Clarin said the accounts had tens of millions of dollars. Garre also had two accounts in an Iranian bank, which created suspicions of business triangulation between Argentina, Iran and Venezuela, Clarin said.

    The Brazilian magazine Veja

    published on Monday a similar report, citing an unidentified US financial sector investigator. Ear-lier this month, Veja published a report claiming Iran asked former Venezuelan President Hugo Chavez to mediate a deal with Argentina in which the South American country would cover up the roles of Iranians wanted in the 1994 car-bombing of a Jewish community center.

    Garre strongly denied the claims over the weekend. On Tuesday Kirchner said he did not usually re-spond to false reports, but said the allegations were so strong that he felt compelled to speak out.

    Nobody called me, not the Bra-zilian publication or Clarin, to check this information, said Kirchner, who rarely grants interviews.

    Kirchner said the reports were an attempt to hurt his mothers govern-ment by keeping attention on the death of prosecutor Alberto Nisman.

    Days before he was found shot dead in this apartment on January 18, Nisman had accused Fernandez and top administration officials of orchestrating a secret deal with

    Iran to cover up the roles of several Iranian officials wanted in the com-munity center attack, which killed 85 people and wounded hundreds. Nis-man said the Argentine government made the agreement in exchange for favorable trade deals with the Middle Eastern country.

    Fernandez has strongly denied the allegations, saying Argentina had nothing to gain from such a deal, and Iran has long denied involvement in the attack.

    Nismans death, which has cap-tivated Argentines, has not been solved. Authorities say they are in-vestigating a possible homicide or suicide. The case that Nisman built against Fernandez is in limbo and has become a flashpoint in a sharply polarized country ahead of the presi-dential election in October.

    The case was thrown out by a federal judge in February, and then upon appeal, was thrown out again by the Federal Chamber. In both cases, the judges said there was no proof a crime had been committed.

    The case was appealed on Tuesday to the Criminal Appeals Court. AP

    Son of Argentine president deniesnews reports about bank account

    NEW YORKFast-food la-bor organizers say theyre expanding the scope of their campaign for $15 an hour and unionization, this time with a day of actions including other low-wage workers and demonstrations on col-lege campuses.

    Kendall Fells, organizing direc-tor for Fight for $15, said on Tues-day the protests will take place on April 15 and are planned to include actions on about 170 college cam-puses, as well as cities around the country and abroad.

    At an event announcing the ac-tions in front of a McDonalds in New York Citys Times Square, orga-nizers said home health-care aides, airport workers, adjunct professors, child-care workers and Wal-Mart workers will be among those turn-ing out in April.

    Terrence Wise, a Burger King worker from Kansas City, Missouri, and a national leader for the Fight for $15 push, said more than 2,000 groups including Jobs With Justice and the Center for Popular Democ-racy will show their support as well.

    This will be the biggest mobili-zation America has seen in decades, Wise said at the rally as pedestrians walked past on the busy street. The plans are a continuation of a cam-paign that began in late 2012. The push is being spearheaded by the Service Employees International

    Union and has included demonstra-tions nationwide to build public support for raising pay for fast-food and other low-wage workers, although turnout has varied from city to city. Last May the campaign reached the doorsteps of McDonalds head-quarters in Oak Brook, Illinois, where protesters were arrested after declining to leave the prop-erty ahead of the companys annual meeting. Fells, an SEIU employee, said April 15 was picked for the next day of actions because workers are fighting for 15.

    Its a little play on words, he said.Fells noted that while the push

    began as a fast-food worker move-ment, it has morphed into a broader push for low-wage workers and is now shifting into a social justice movement with the involvement of Black Lives Matter activists join-ing in in the April protests. Still, he said McDonalds Corp. remained a primary target.

    McDonalds needs to come to the table because they could settle this issue, he said. In a statement, McDonalds said it respects peo-ples right to peacefully protest, but added that the demonstra-tions over the past two years have been organized rallies designed to garner media attention and that very few McDonalds workers have participated. AP

    Fast-food labor organizersplan actions for April 15

    BAHORUCO, Dominican RepublicThe men in ragged clothes, many barefoot and covered in grime, scramble deep into the earth, searching for veins of a blue-green stone believed to exist only in the southwestern mountains of the Dominican Republic. The stone is larimar, and its existence under these wooded slopes has been both a boon and a curse for men such as Juan Pablo Feliz, who says there is no other work in the impoverished region. Few strike it rich, but the gem has provided modest incomes for about 1,000 miners and their families since they began working the deposits four decades ago.

    Now, Dominican officials are trying to make mining safer and more profitable for the men who toil in roughly five dozen makeshift tunnels that pockmark the forested mountains of Barahona province like ugly scars.

    In March authorities celebrated the completion of a 400-meter tunnel meant to make the work safer. And the government opened a school last fall to train locals to cut and polish larimar and turn it into jewelry, hoping to increase their meager income. Prices for larimar jewelry can vary from a few dollars for a bauble sold on a Dominican beach to thousands of dollars in an upscale store or abroad. The idea is to give some added value to the stone, and to see that value stay in this region, said Brunildo Espinosa, director of the school, which now has 130 students whose works will be sold at a state-sponsored store in the Punta Cana resort complex and in the capital, Santo Domingo.

    The new projects are part of the governments efforts to promote tourism in Barahona and neighboring Pedernales province, which share some of the most beautiful seascapes of the country, including the pristine Bahia de las Aguilas. AP

    Better lives sought for larimar miners in Dominican Republic

    SAN FR ANCISCOGoogle is releasing its cheapest Chromebook laptops yet, two versions priced at $149 aimed at undercutting Microsofts Windows franchise and gaining ground in even more classrooms. Various PC manufacturers have been working with Google to design lightweight laptops running on the Chrome operating system since 2011. The newest versions are made by Hi-sense and Haier. Hisenses Chromebook can be ordered beginning on Tuesday at Walmart.com and Haiers version can be bought at Amazon.com.

    Their arrival coincides with Mi-crosofts rollout of a lower-priced Surface tablet in an effort to reach students and budget-conscious fami-lies. Preorders for that device began on Tuesday, too.

    As the prices for tablets and smartphones have been declining, it has forced on PC makers to lower their prices, said International Data Corp. (IDC) analyst Jay Chou. The success of the Chromebook line is intensifying the PC pricing pressure.

    It has been good news for con-sumers, but not so good for vendors, Chou said.

    The cheaper version of the Sur-face Pro 3 sells for $499, compared with $799 to $1,949 for the higher-end models. The discounted version has a slightly smaller screen10.8 inches rather than 12a slower processor, and less flexible kick-standjust three angles rather than unlimited positions.

    The Chromebook has served a dual purpose for Google. Like the companys Android software for

    mobile devices, the Chrome system is set up so users will automatically begin using Googles search engine and other services, such as Gmail and YouTube.

    Google has used the Chrome-books as a prod to bring down the prices of all PCs, something the company wanted to do because it has more opportunities to show the digital ads that bring in most of its revenue when more people can afford to buy an Internet-connected device.

    We cannot be happier that Mi-crosoft is helping drive down the prices of PCs, said Caesar Sengupta, Googles vice president of product management for Chromebooks.

    If Microsoft is reacting to [Chromebooks low prices], thats fantastic. We love it.

    Unlike most computers, Chrome-books dont have a hard drive. In-stead, they function as terminals de-pendent on an Internet connection to get most work done. Despite those limitations, Chromebooks have been steadily gaining in popularity, particularly in schools, as more ap-plications and services made avail-able over Internet connectionsa phenomenon known as cloud com-puting that has reduced the need for hard drives.

    About 6 million Chromebooks were sold worldwide last year, more than doubling from 2.7 mil-lion in 2013, according to IDC. In contrast, sales in the overall PC market slipped 2 percent last year, marking the third consecutive an-nual decline. IDC is projecting 8 million Chromebooks will be sold this year. AP

    Google, Microsoft battle drivesdown prices for PCs, tablets

    IN this March 17 le photo, dozens of fast-food workers and their supporters protest workplace conditions in front of a McDonalds restaurant in New York. AP

    WORLD B2

    I.M.F. NOWSEESECONOMYGROWING 6.7% THISYEAR, BUTSTILLBELOWOFFICIALGOVT TARGET

    BISIKLETA IGLESIA Bikers give a new twist to the traditional Visita Iglesia, a pious Roman Catholic Lenten tradition of visiting seven churches or religious sites, with the Bisikleta Iglesia 2015. Hosted by Lima Park Hotel and presented by First Asia Institute of Technology and Humanities, Bisikleta Iglesia 2015 is a religious and heritage biking tour through three towns, seven churches that include five shrines, and 52 kilometers of rustic roads and Batangas culture. The tour itinerary includes visits to Santo Nio Parish Church, Marawoy, Marian Orchard, Balete, Divino Amor Chapel-Redemptorist, Parish of Mary, Mediatrix of All Grace, Our Lady of Mount Carmel Monastery, Metropolitan Cathedral of San Sebastian and Parish of Saint Thrse of the Child Jesus. ROY DOMINGO

    BILLIONA IR E Henr y Sy Sr., the richest person in the Philippines, will start to develop apartments, offices and hotels around his shopping malls to maximize the value of his prop-erty holdings in the face of similar moves by competitors. Fifteen of 50 shopping malls now owned by Sys SM Prime Holdings Inc. are on land large enough for high-density, mixed-used develop-ment, Executive Vice President Jef-frey Lim, 53, said in an interview in Manilaon Monday.

    Depending on demand, five so-

    called townships will be built in two years and about 10 more over five years, he said. The townships will be part of SM Primes P500-billion ($11-bil-

    B B C

    THE International Monetary Fund (IMF), one of the most conservative institutions there is and always very hard to please, scaled up its growth forecast for the Philippines to 6.7 percent in terms of local output, or the gross domestic product (GDP), this year.

    C A

    The accelerated growth path seen for the $272-billion economy this year came at a time when econ-omies around Asia were forecast to slow down, as consequence of more moderate-than-expected global

    demand and a result of a weeklong visit by a team of IMF experts to the Philippines.

    In the wake of that visit, growth was seen rising moderately as a

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    APRIL 2, 2015 | THURSDAY

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    Ridge of High Pressure Area (HPA)will bring fair weather to the country except for isolated

    rainshowers and thunderstorms in the afternoon or evening.

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    BusinessMirror [email protected] Thursday-Friday, April 2-3, 2015A2 News

    IMF ups PHL growth forecast. . . Continued from A8

    NSRP. . . Continued from A8

    Continued from A1

    will become expensive parking lots if they dont do this, said Richard Laneda, an analyst at COL Financial Group Inc., who has a buy rating on the companys stock. If they dont do this, the market will go to the other developers.The publicly held Philippine builders push for townships in and out of Ma-nila boosted its capital spending to a record P331 billion, according to bro-ker Savills Plc. Congestion in Metro Manila is driving demand in these microdistricts, it said.On its toesReMITTanCeS climbed 5.8 percent to a record $24.3 billion last year. Money transfers from Filipinos liv-ing and working overseas account

    for about 10 percent of the nations economy, the World Bank estimates. The live-work-play lifestyle in these townships have resulted in a lot of success for some major de-velopers, Michael McCullough, Manila-based managing director at KMC MaG Group Inc., the local as-sociate of Savills, said in mid-March. SM Prime has to be on its toes to continue to have the upper hand, said allan Yu, first vice president at Manila- based Metropolitan Bank & Trust Co. He helps man-age about $7.5 billion, including SM Prime shares. They have to upgrade their existing assets, not just expand their portfolio. Growing land bankSM Prime has gained 37 percent over the last year, exceeding the 30-per-cent gain in Megaworld and the

    29-percent advance in ayala Land. The Philippine Stock exchange index has added 24 percent in that period, and the Bloomberg asia Pacific Real estate Index 24 percent. SM Prime and the Philippine index were little changed at10:39 a.m.local time. net income will climb 19 percent this year to P21.87 billion, according to median of 13 analyst estimates compiled by Bloomberg. The companys land bank stands at 900 hectares (2,224 acres), Lim said. Before Sy pooled his property assets into SM Prime in 2013, the mall builders land bank was about 120 hectares, Lim said. Sy, who is 90, has an estimated net worth of $13.4 billion, according to the Bloomberg Billionaires Index. He migrated to the Philippinesfrom China in 1936 and started selling rice, sardines and soap in his fathers

    Manila store. He opened a shoe store in 1948, and eventually built his business empire in the 1980s by opening malls.Manila reclamationSM Prime plans to spend P70 bil-lion this year to build malls and homes. after constructing three to four malls a year, SM Prime has said it plans to open as many as five in 2015. It plans to start five new residential projects this year and expand existing developments if there is demand as part of its strat-egy for 2015, SM Prime aims to sell as many as 14,000 homes, valued at about P3 million each, Lim said. There is no supply glut in that portion of the market, he said. The company gets about a third of rev-enue from home sales. For the longer term, the company

    has applied to reclaim 600 hectares of land along the Manila Bay and spend about P100 billion to turn the property into a master-planned in-tegrated and mixed-use community. The development is adjacent to the groups Mall of asia complex and the strip of four integrated casino re-sorts that will make up the Manila entertainment City. That plan, which has won permis-sion from the city governments of Pasay and Paraaque, will be among the single biggest contiguous devel-opments in Manila if approved by the nations economic-planning agency. a number of our malls have ex-cess land, and these are just there un-touched, Lim said. Our thrust is to maximize the synergies of integrated development. Building lifestyle cities will maximize the potential of our properties. Bloomberg News

    that are far below the train systems of its peers. In a matter of five years, the railway system, which will run from Bulacan to Sorosogon, will be commercially opened, providing con-nectivity and ease of travel. The first phase of the facility will involve the construction of a 36.7-ki-lometer narrow-gauge elevated com-muter railway from Malolos, Bula-can, to Tutuban in Manila. It is seen to be completed by the third quarter of 2020. The second phase, which will extend the commuter rail to Matnog, Sorsogon, will be completed by the fourth quarter of 2019. The two-phase deal will be imple-mented through the official devel-opment assistance and the Public-Private Partnership (PPP) Program. The nSRP Transfer Station will be located at Tutuban Center, which will put it in the forefront of this massive railway-transport project of the government, the statement read. The government also plans to ex-tend the Light Rail Transit (LRT) Line 2 to the western part of Manila all the way to the port area. The state-ment said it will have one major sta-tion right in front of the Tutuban Center. The LRT Line 2 Station will then interconnect with the nSRP Transfer Station and Tutuban Cen-ter. This will facilitate the transfer of passengers from the nSRP to the LRT Line 2 and vice versa. Based on initial studies made for the nSRP, the interconnection is expected to bring in additional 400,000 foot traffic per day to Tutuban Centers area, the statement read. The state intends to plug the gap in the countrys transportation facil-ity in the next decade by rolling out massive infrastructure projects that are seen to spur economic growth.

    Henry Sy to build micro cities around his malls

    result of lower commodity prices, accelerated public spending and ex-port growth, as well as continued and robust private consumption ac-tivities. nevertheless, the scaled-up forecast growth this year compares poorly against official growth target averaging 7 percent to 8 percent for 2015. Based on data from the De-partment of Finance, the IMF always projects growth 0.5 percent lower than actual growth performance the past 20 years. The IMF also projected that infla-tion were to average at the low end of the BSPs 2-percent to 4-percent scaled-back target for the year to reflect lower commodity prices seen down the line. Year-to-date infla-

    tion averaged 2.4 percent based on BSP data. The decline in oil prices and in-flows from business-process out-sourcing, tourism and remittances were, likewise, seen to boost the countrys current-account surplus, a key economic yardstick that has made the Philippines a net lender to the rest of the world. The Cabinet-level Development Budget Coordination Committee earlier projected a current-account surplus averaging more or less 2 percent of GDP, or $6.8 billion, this year. The visiting IMF team took note of the countrys strong per-formance in 2014, as well as its

    downtrending unemployment rate during the period. Still, the inci-dence of poverty in the country, an indication of the magnitude of policy and reform programs that must be pursued down the line to achieve a more equitable society, remained a challenge, it said. The IMF also cited so-called risks to the 2015 growth outlook coming from both external and do-mestic sources. In particular, the IMF warned of disruptive asset-price shifts in financial markets cropping up as a result of divergent monetary policies in the advanced economies even as the visiting experts said the Philippiness strong fundamentals provide a

    cushion. external demand could be weaker if risks of deflation and lower potential growth in advanced economies and key emerging mar-kets were to materialize, the IMF also said. More recent preemptive BSP adjustments to arrest inflation-ary pressures in 2014 impressed the IMF, saying these resulted to more moderate liquidity and credit growth that reduced fi- nancial-stability risks. The BSPs generally proactive ap-proach to oversight of the financial sector, particularly real-estate expo-sures, provides additional support in this regard, the IMF said. The IMF also looks to the gov-

    ernment to pick up its budget execu-tion this year and next to achieve a deficit equal to 2 percent of GDP under the program. Over the medium term, struc-tural policy issues center around increasing investment, particularly in infrastructure and human capital. In this regard, continued efforts at enhancing revenue mobilization will be critical to address the large spending needs, including enact-ing measures to offset any revenue- eroding policy change and prefer-ably through a comprehensive tax reform, the IMF said. another team of experts is set to visit Manila in May this year under the terms of the coun-trys article IV covenant with the IMF.

  • briefsespina leads

    lenten retreatDEPUTY Director General Leonardo Espina, National Police officer in charge, led on Wednesday the forces Lenten retreat and called on the 150,000 policemen to reflect on their individual roles as public servants and law enforcers in pursuing the change- management agenda of the agency. In this season of Lent and sacrifice, let us take the time to renew our faith in God and renew our commitment to ourselves and the Filipino people; and in reforming our organization, Espina said. Espina particularly urged policemen to internalize and pledge individual commitment and support for the Peace and Order Agenda for Transformation and upholding the Rule of Law (Patrol Plan 2030), the forces strategic blueprint for raising the standards of governance at the national level. Espina expressed optimism that nothing can get in the way of the National Polices desire to introduce change and completely reform the organization in all aspects of administration, operations and individual performance. Rene Acosta

    quakes jolt surigao sur, zambalesTWO moderate earthquakes rocked Surigao del Sur and Zambales on Wednesday morning, the Philippine Institute of Volcanology and Seismology (Phivolcs) reported. In a bulletin, Phivolcs said that the first quake with magnitude 3.3 occurred at 1:12 a.m., with its epicenter traced 119 kilometers southwest of Palauig town in Zambales. The tremblor, which was tectonic in origin, has a shallow depth of 33 kilometers. The second quake happened around 2:22 a.m., with a magnitude 3.5 jolted Surigao del Sur. Its epicenter was located northwest of Bislig, about 55 km and tremor had a depth of 9 km. The agency said that Intensity 1 was felt in Bislig town. PNA

    b.i.f.f. attacks army troopers ambulanceCAMP SIONGCO, MaguindanaoThe Armys Sixth Infantry Kampilan Division (6ID) on Tuesday condemned the ambush and killing of a military ambulance driver by suspected Bangsamoro Islamic Freedom Fighters (BIFF) in Maguindanao on Sunday. Maj. Gen. Edmundo R. Pangilinan, 6ID commander, said the fatality was transporting wounded infantrymen from the Army-BIFF encounter in Shariff Saydona to the Maguidanao provincial hospital when ambushed in Barangay Elian, Datu Saudi Ampatuan, Maguindanao. It only shows that these bandits do not observe and respect the international humanitarian law, he said. A band of BIFF gunmen fired at the ambulance transporting wounded soldiers. The medical team was able to fire back at the bandits while bringing the wounded soldiers to a safer area. PNA

    [email protected] Editor: Dionisio L. Pelayo Thursday-Friday, April 2-3, 2015 A3BusinessMirrorThe Nation

    By Rene Acosta

    ANEW Peoples Army (NPA) guerrilla was killed on Tues-day in Camarines Sur in the first attack against government forc-es to be perpetrated by communist three days after they celebrated their 46th founding anniversary. A policeman and another rebel were also wounded during the am-bush, which was perpetrated by four rebels, according to Sr. Insp. Maria Luisa Calubaquib, spokesman for the Bicol regional police. Calubaquib identified the wound-ed policeman as Police Officer 2 Christian DJ Vibares, of the Tigaon, Camarines Sur, police force. Vibares was on his way to report to the police station for his duty, when the four gunmen fired at him at Barangay New Moriones, Ocampo, Camarines Sur, at around 7:50 p.m. on Tuesday. Although wounded, the policeman managed to return fire before he man-aged to call for reinforcement from the nearby Ocampo police station. Calubaquib said members of the Ocampo police rescued Vibares and

    took him to the nearest hospital. During the exchange of gunfire, Vibares, however, killed one of his attackers and wounded another. The rebel casualties have not been identified. Calubaquib said two M-16 rifles were also recovered from the rebels. The ambush of Vibares was the first attack to be carried out by the NPA since it celebrated its an-niversary on Sunday. Earlier, Brig. Gen. Joselito Kak-ilala, Armed Forces spokesman, said that the rebels are already mar-ginalized and are no longer capable of carrying out attacks against big-ger targets. Kakilala said this is the reason the guerrillas have resorted to hit-and-run tactics and pick on smaller targets like policemen or soldiers moving alone or in twos. Kakilala said the demise of the communist movement was being brought by the construction of de-velopment projects in places where they are operating or used to operate. He said the military is hoping to reduce the communist rebel move-ment into an inconsequential force at the end of President Aquinos term next year.

    NPA rebel killed, cop wounded in ambush

    By Joel R. San Juan

    THE elected mayor of Datu Unsay, Maguindanao, has accused Gov. Esmael Ma- ngudadatu of fabricating charges to silence his political rivals and persecute innocent members of the Ampatuan clan. In a letter to Justice Secretary Leila de Lima, Datu Unsay Mayor Bai Reshal Ampatuan, one of the 50 new respondents in the second batch of case filed before the De-partment of Justice (DOJ) in con-nection with the 2009 Ampatuan Massacre, said Mangudadatu is

    using the crime as a leverage to persecute his political enemies. Bai Reshal claimed that most of the 50 new suspects in the 2009 massacre were political rivals of Mangudadatu. Bai Reshal, the first wife of Datu Andal Ampatuan Jr., also asked de Lima to look into the abuses being committed by Mangudadatu and his allies in the province. I am asking for your [de Lima] help because I feel that your de-partment is being used by Governor Mangudadatu for his own vested in-terest, she said in her letter to the DOJ chief.

    Since we had been duly elect-ed by the constituents, Gov. Toto [Mangudadatu] has resorted to using his power to unseat all those who opposed him so that he could replace them with his own trusted men, she added. While Bai Reshal said she com-miserates with Mangudadatu for the loss of some of his family members in the November 2009 massacre, she said he should not use the tragedy as a license to commit abuses and persecute all those whom he thinks are against him. In her letter to de Lima, Bai Reshal recounted how Mangudadatu alleg-

    edly used his power to intimidate and harass his political enemies. She claimed that the governor ordered a certain Kagui Akmad Baganian Ampatuan to burn the house of her husband, Andal Jr., in June 28, 2014. It can be recalled that Akmad is being considered as one of the prin-cipal witnesses against the new batch of suspects in the massacre and has been placed by de Lima under the Witness Protection Program. Bai Reshal said they learned that Mangudadatu allegedly was responsible for the burning of their house from one of the suspects, who

    confessed those who were behind in the arson. The case, she said, was already in the Regional Trial Court in Co-tabato City. As part of the alleged intimidation against their family, the incumbent mayor claimed that Mangudadatu had trumped-up charges against their remaining relatives, citing the case of Shariff Aguak, Maguindanao, Mayor Zahara Ampatuan, whom she said was wrongly linked to the death of a man in Shariff Aguak. Zahara, who is a woman and a mother, was forced to hide from au-thorities despite her ailments, not

    because she was guilty of the allega-tions against her, but due to the fact that she fear of going to jail despite her innocence, Bai Reshal said. After Zahara was charged with murder, Bai Reshal said Mangudadatu then linked her and her vice mayor and niece, Bai Janine Julhaya Mamalapat, to the killing of her uncle, Abdullah K. Ampatuan, in July 2013 by a certain Kaharudin Saudagal. The filing of cases against the members of the opposition in Magu-indanao is very suspicious, especially that 2016 elections is just around the corner. Clearly, all of this is politically motivated, Bai Reshal said.

    Shoe on other foot, Mangudadatu accused of persecution

    Aquino assured that steps have been taken to mitigate Chedengs impact when it makes landfall in Aurora and Isabel even as typhoon trackers predicted it could eventu-ally weaken. Every department is expected to be prepared, Aquino told reporters, adding that apart from the Depart-ment of Public Works and Highways, the Department of Transportation and Communications is also closely monitoring the weather situation to be able to provide timely advise to ships still out at sea. Once a typhoon signal is raised anywhere in the country, he said, prevented na ang ships from sailing. At the same time, Aquino re-ported that the Department of Social Welfare and Development had also assured him that it has a lready preposit ioned rel ief goods, particularly in Isabela and Quirino provinces. The President, however, dis-closed that Science Secretary Mario G. Montejo, who is keeping track of the typhoon, had just updated him

    that there is yet no need to convene the National Disaster Risk Reduc-tion and Management Council (NDRRMC), headed by Secretary Alexander Pama. Aquino said Montejo informed him that Chedeng, that has been classified as a super typhoon, is still out of the country presently. Sabi niya: Mister President, Typhoon Chedengs strength is al-most super-typhoon status but it is expected to weaken before enter-ing the Philippine Area of Respon-sibility [PAR] and making landfall between Aurora and Isabela, which is expected on Saturday, Aquino said, adding Montejo assured he would be provided regularly with the weather updates. Montejo, Aquino said, is not yet recommending that the President convene a crisis committee meeting. If I may, sir, I would not yet recom-mend for you to convene a meeting. Sir, I believe the regular NDRRMC meeting would suffice. Well regu-larly give update especially if condi-tions worsen than expected, Aquino

    quoted Montejo as saying. The President, instead, instruct-ed Montejo, to please keep him [Aquino] posted especially as de-velopments happen, especially if they worsen.

    military readyMILITARY units in Luzon and the Visayas went on red alert on Wednesday afternoon, hours before Chedeng was expected to enter the country even as the Na-tional Police activated its disaster-response plan. Red alert was raised at around 1 p.m. on Wednesday by the Armed Forces chief of staff, Gen. Gregorio Pio Catapang, after the same alert status was ordered by the NDRRMC for disaster-response units around the country. The NDRRMC also advised local officials to activate their evacua-tion plan and implement force or mandatory evacuation of residents living in flood-prone and low-lying areas that will be directly hit by the typhoon. Catapangs order covered the Armed Forces Northern Luzon Command, Southern Luzon Com-mand, Central Command and Joint Task Force National Capital Region. The Disaster Response Op-erations teams under the afore-mentioned major units are placed on standby to support the local government and the Office of the Civil Defense for possible humanitarian and disaster-relief missions in calamity-affected ar-eas, Catapang said. All other unified commands of the military are on blue alert as

    Chedeng was expected to enter PAR on Wednesday evening or early morning Thursday, accord-ing to Philippine Atmospheric, Geophysical and Astronomical Services Administration.

    power facilities secureTHE countrys largest power-distri-bution utility and the grid operator separately said on Wednesday that they are well prepared to respond to the challenges that may result from Chedeng. Manila Electric Co. (Meralco) is on alert and is gearing all its efforts to prepare its systems and personnel. As a 24-hour service company, we are committed to respond to these types of emergency. Our crews are on standby to attend to any trouble that may affect our facilities in areas that might be hit by the typhoon, Meralco Senior Vice President and Head for Customer Retail Services and Corporate Communications Al-fredo S. Panlilio said. Panlilio added that Meralco has put in place necessary measures to mitigate the possible impact of the typhoon. The company, for example, has issued advisories on the appropriate precautionary measures to take before a typhoon. Meralco, for instance, has consis-tently requested billboard owners and operators to temporarily roll their billboards up to prevent these structures from being toppled by the strong winds, Panlilio said. Billboards that fall into electrical facilities are among the main rea-sons for power outages whenever there are strong typhoons. Meanwhile, the National Grid

    Corp. of the Philippines (NGCP) has started implementing the neces-sary preparations and precautions to minimize the impact of Chedeng on power-transmission operations and facilities. The power-grid operator and transmission service provider will activate on April 2 its North and South Luzon Regional Com-mand Centers and District Com-mand Centers. unicef gears for chedengTHE United Nations Childrens Fund (Unicef) is ready to support the government with prepositioned emergency supplies from its local warehouses in Manila, Tacloban and Cotabato once Chedeng hits the country. In times of disasters, children face the risk of disease outbreaks, malnu-trition, violence and disrupted edu-cation. Our priority is to ensure that children and their rights and welfare are protected before, during and after disasters, Lotta Sylwander, Unicef Philippines representative, said. Unicef has prepositioned essen-tial supplies that include water kits, hygiene kits, water-purification units, school tents, student and teacher materials, child-friendly space tents, medical supplies, nu-tritional therapeutic food items to combat malnutrition, oral rehydra-tion salts, tarpaulins and generators for at least 10,000 families. The UN organ has staff mem-bers on standby in Manila, Taclo-ban and Cotabato City ready to be deployed in rapid assessments as soon as it is safe to travel. With Rene Acosta and Lenie Lectura

    Govt ready for ChedengAquinoBy Butch Fernandez

    PRESIDENT Aquino made sure on Wednesday all hands are on deck, double checking preparations by government agencies concerned in anticipation of Typhoon Chedeng that is expected to hit Luzon later this week.

    By Recto Mercene

    THE Department of Foreign Affairs (DFA) said on Wednesday that it is ready to set the record straight regarding the alleged dropping of the Philippiness Sabah claim. We reiterate in absolute terms that our note verbale of March 16 is not about Sabah. If necessary, we are prepared to clarify the matter in an executive session, DFA Spokesman Charles Jose said in a briefing. Jose did not explain why the departments clarification would be made behind closed doors. The DFA was responding to the Vera Files report that the DFA is offering a review of its 2009 protest against Kuala Lumpurs submission to a United Nations (UN) body that impinged on the Philippiness Sabah claim. Vera Files said the note verbale was a tacit solicitation of Malaysias support for Manilas case against China in the South China Sea maritime row. The DFA responded to the story the following day, stressing that the note verbale

    did not, in any way, mention the Sabah claim, much less hint at any offer to downgrade Manilas claim. Following the publication of the controversial story, Malaysian Foreign Minister Datuk Seri Anifah Aman said Kuala Lumpur has not, and does not, acknowledge the Philippiness claim on Sabah. Asked for reaction to Anifahs comment, Jose said: Historical records that entitle our claim to Sabah and we are still pursuing this claim. While they dismiss our claim, at the same time, they are paying rent to the Sultan of Sulu, Jose added. Kiram was the acknowledged leader of the Sultanate of Sulu

    and North Borneo. The sultanate that is based in Mindanao once controlled North Borneo, which is now known as Sabah. It acquired Sabah as a reward for helping the Sultan of Brunei Darussalam defeat a rebellion. According to the sultanate, it did not relinquish its sovereignty over Sabah and only leased the territory to the British North Borneo Co. starting in 1878. Up to now, the heirs of the sultanate receive rental for Sabah from the Malaysian government currently equivalent to P70,000 a year. According to Kiram, the rent they receive only proves that the sultanate owns Sabah. Former Philippine Permanent Representative to the UN Lauro Baja Jr. said the Philippine claim to Sabah will be prejudiced if Malaysia accedes to the DFAs request. However, Baja said that economically, the timber and mineral-rich Sabah is much more valuable than Spratlys, and the Philippines position on the Sabah claim was stronger than its claim on the Spratlys.

    DFA ready to explain note verbale JOSE: We reit-

    erate in absolute terms that our note verbale of March 16 is not about Sabah. If necessary, we are prepared to clarify

    the matter in an ex-ecutive session.

  • BusinessMirror [email protected] A4News

    Insurance Commissioner Em-manuel F. Dooc has issued Circular Letter 2015-2016, prescribing the rules and processes in the appoint-ment of resident agents of unauthor-ized foreign insurers, reinsurers or brokers with whom local insurance companies transact with, mainly through reinsurance contracts.

    Under current jurisprudence, un-authorized corporations that have transacted business in the Philip-pines can bring suit to assert a claim against persons they transact with, despite an express prohibition in the Corporation Code that prevents for-eign corporations from transacting business in the Philippines without a license from maintaining a suit here.

    Doocs new circular ensures the appointment of a resident agent by such unauthorized foreign insurance companies to ensure that domes-tic insurance companies that have

    transacted business with these for-eign insurers can sue back, and that Philippine courts can easily acquire jurisdiction over the foreign insurers through their resident agents here.

    The appointment of resident agents is mandated by Section 223 of the amended Insurance Code, which provides that, No insurance company doing business in the Phil-ippines shall cede all or part of any risks situated in the Philippines by way of reinsurance directly to any foreign insurer not authorized to do business in the Philippines, un-less such foreign insurer or, if the services of a nonresident broker are utilized, such nonresident broker is represented in the Philippines by a resident agent duly registered with the commissioner as required in this code.

    The provisions on the appoint-ment of a resident agent of unau-

    Thursday-Friday, April 2-3, 2015 Editors: Vittorio V. Vitug and Max V. de Leon

    IC imposes tighter criteria on appointing foreign insurers agents By David Cagahastian

    THE Insurance Commission is imposing stricter requirements on the appointment of resident agents of unauthorized foreign insurers to ensure that legal processes may be brought against these foreign insurers in connection with their transactions with local insurance companies.

    thorized foreign insurance companies are meant to ensure that legal processes could be brought against these foreign corporations should disputes arise out of their transactions with domestic insur-ance companies.

    The circular letter provides the require-ments for the application and renewal of certificates of registration to act as resi-dent agents of unauthorized foreign in-surance companies. These requirements include capitalization requirements for the principal, and proof of authorization and financial capacity of the resident agent.

    In order to ensure the financial capac-ity of the [unauthorized foreign insurers], they must [a] meet the capitalization re-quirements equivalent to what is required of their domestic counterparts, or [b] must have a minimum financial strength rating duly certified by any of the following rating organizations: A.M. Best [A- rating]; Fitch [AA rating]; Moodys [Aa rating]; Stand-ard and Poors [AA rating], the circular said regarding the required capitalization of the unauthorized foreign insurer.

    The resident agent must also submit the audited financial statements for the last three years of the unauthorized foreign insurer.

    As to the resident agent, the require-ments include a copy of the power of at-torney authorizing the applicant to receive notices, summons and legal processes for and in behalf of the foreign insurer in con-nection with the actions or legal proceed-ings in the Philippines against such foreign insurer, such power of attorney duly no-tarized and authenticated by the Philip-pine consul in the place where the foreign insurer is domiciled; and the income-tax return of the resident agent.

    By Lenie Lectura

    PRIME Meridian Powergen Corp. (PMPC), a subsidi-ary of First Gen Corp. of the Lopez group, has sought approval from the Energy Reg-ulatory Commission (ERC) to develop a $6.7-million point-to-point transmission facility for its 100-megawatt (MW) Avion natural-gas power plant in Batangas.

    The facility will connect the Avion power plant and the 434-MW San Gabriel power projects to the transmission system of the National Grid Corp. of the Philippines via the existing Santa Rita switchyard.

    The application f i led by PMPC for the authority to devel-op, own and operate a dedicated

    point-to-point limited facility to connect to the existing switchyard of the Santa Rita power plant, is hereby approved, the ERC said in its 27-page decision.

    The commission said PMPC is financially capable of funding the project as development and construction of the facility will be funded by 100-percent equity of First Gen.

    Without the transmission fa-cility, PMPC said the Avion plant may become idle and its capacity put to waste. More important, the projected power demand of the country will not be met.

    The Department of Energy [DOE] projects that an addi-tional capacity of 500 MW will be needed by 2016.

    This projection assumes that the committed plants for 2014

    and 2015 are timely completed. Otherwise, additional capacity will be needed, PMPC said.

    For the Luzon grid, the DOE projected the energy demand to increase at an average annual growth rate of 4.13 percent, from 7,969 MW in 2012 to 10,693 MW in 2020 and will increase further to 16,477 MW in 2030.

    First Gen has a portfolio of 15 power-generation plants with a combined capacity of 2,763 MW. PMPC will benefit from the vast experience of its parent company in its develop-ment, construction, operation and maintenance of the plant that will be connected to the ex-isting switchyard of Santa Rita.

    The Avion power faci l ity is expected to be completed this year.

    Prime Meridian seeks ERC okay for $6.7-M Batangas natural-gas power facility

    By Lorenz S. Marasigan

    AN offshore subsidiary of locally listed International Container Terminal Services Inc. (ICTSI) has serviced the largest vessel to call at the Port of Rijeka in Croatia, the port operator said in a statement.

    In a media release on Tuesday, the Razon-led firm said its subsidiary Adriatic Gate Container Terminal (AGCT) recently welcomed the Gerda Maersk, which has a 10,000-twenty-foot-equivalent-unit (TEU) capacity, at the Croatian port.

    I am very proud to be here today, having the honor to welcome the largest vessel not just in the history of Adriatic Gate Container Terminal, but in the whole Port of Rijeka. This event will certainly be long remembered in the development of Rijeka, not just as a port but also as s gateway, AGCT Chief Executive Alessandro Becce said in the e-mailed statement.

    The 367-meter Gerda Maersk, is part of the 2M Alliance by two of the worlds megaliners: Maersk and Mediterranean Shipping Co. The alliance, which connects Rijeka and the Far East, deploys 15 vessels with average capacities of 9,600 TEUs to 11,300 TEUs.

    The service starts from the US West Coast and passes through the Pacific, making regular port calls in Busan, South Korea and key ports in the Far East, Middle East and the Adriatic: Shanghai, Hong Kong, Chiwan, Singapore, Port Said, Koper, Trieste, Rijeka, Tanjung Pelepas, Vung Tao, Yantian and Ningbo.

    The service includes calls to three north Adriatic ports Koper, Trieste and Rijeka once a weekwith Rijeka as the destination on Thursdays, opening up opportunities to attract additional cargo from Central and Southeast Europe.

    The previous record was held by CMA CGMs Cendrillon, an 8,500-TEU megaboxship which made its maiden call at Berth 2 of the AGCT in May 2014.

    ICTSI is the largest port operator in the Philippines, which has operations in more than 20 countries across the Asia Pacific, the US, Europe, Middle East and Africa.

    ICTSI unit services biggest vessel to dock in Croatia

  • Thursday-Friday, April 2-3, 2015

    A5BusinessMirrorNews

    We need funders, financing people or angel investors to come in and tie up with credible and reliable EV players to finally catapult the EV industry into the mainstream and achieve economies of scale, Evap President Rommel T. Juan said in a news statement. Juan said that with the proliferation of pollutant-emitting public transportation vehicles, environment-friendly green vehicles will be a welcome change. The Evap head, likewise, encouraged interested investors to consult with Evap for prospective supplier-partners. Evap is keeping a keen eye on multinational companies with a green corporate social-responsibility agenda as possible partners. We recommend hooking up with experienced public transport operators such as EVEE-I or MServ, Juan said. EVEE-I operates the Filinvest 360 Ecoloop at Filinvest City Alabang, while MServ runs the Ateneo e-jeeps. Juan said EV operations are viable to long-term investors as it has a return on investment of 24 percent, or a period of about four years. Evap members are accredited in the Manufacturers, Assemblers, Importers and Distributors program of the Land Transportation Of-fice, which is needed to secure permits and license plates for locally assembled EVs.

    Evap widens search for investors to rev up local e-vehicle program

    By Catherine N. Pillas

    The electric Vehicle Association of the Philippines (evap) is in search of investor-partners for the wider use of electric cars as the group continues its push for more funding in the electric vehicle (eV) program.

    Editor: Vittorio V. Vitug

    By Cai U. Ordinario

    ThE Japanese government is undertaking P50 million worth of quick-impact projects (QIPs) in Mindanao to support the peace process and promote inclusive growth in the region. The Japan International Cooperation Agency (Jica), which is the one undertaking the projects, said the 20 QIPs include multipurpose halls, warehouses with solar dryers and school buildings to be constructed in Bangsamoro communities. The communities that will benefit from these projects include conflict-affected areas like Maguindanao, Cotabato, Lanao del Sur, Lanao del Norte, Basilan, Sulu, Sarangani, Ta-wi-Tawi, Sultan Kudarat, Compostela Valley, Davao Oriental and Zamboanga Sibugay. Jica is a development partner of the Philippines for many decades. Our activities in Mindanao aim to en-sure that the regions future development is sustainable through transparent, participatory and inclusive imple-mentation of cooperation projects, Jica Philippines Chief Representative Noriaki Niwa said. The Japanese development agency said the QIPs are part of Japans development assistance to Bangsamoro communi-ties following the signing of the Comprehensive Agreement on the Bangsamoro (CAB) last year. Jica President Akihiko Tanaka said the agencys continu-ous support to Mindanaos peace and development through QIPs was emphasized during his visit in Manila last year to witness the CAB signing. The QIPs are deemed crucial cooperation activities to as-sist Bangsamoro communities realize the dividends of peace inclusively, and improve the quality of their lives. Aside from QIPs, Jica is also assisting Mindanao with a P390-million-worth capacity-building project for the estab-lishment of the Bangsamoro government. Jicas aid efforts in Mindanao peace and development began in 2002, through its assistance to the Autonomous Region in Muslim Mindanao (ARMM) Social Fund for Peace and Develop-ment. Some 707 community development-assistance projects and 32 infrastructure projects have since been implemented. In 2006 Jica launched the Japan-Bangsamoro Initia-tives for Reconstruction and Development program to further support Mindanao. Japans total official devel-opment assistance provided to the region has reached around P7.55 billion. Years of conflict have disadvantaged thousands of people in Mindanao who are continuously mired in poverty and lack of economic opportunities, as well as affected Mindanaos overall economy considered to be a pillar for connectivity in Southeast Asia. Latest Philippine Statistics Authority Annual Poverty Indicators Survey showed the ARMM as among the poorest regions, with a 54-percent poverty-incidence rate.

    Jica extends P50- million quick impact projects for Bangsamoro communities

  • Thursday-Friday, April 2-3, 2015

    OpinionBusinessMirrorA6

    Does God hate money?editorial

    NO Holy Week message would ever be completein a business paper like ours, at leastif we fail to talk of how God views money.If we go by what the Good Book says, it is ap-parent that the Bible has a lot to say about money, and how people should approach it. Yes, approach it. It is not something to be feared, nor is it a thing that God hates. Quite the contrary, the writers of the Bible often depict God as the giver of all good gifts and the provider of all our needs.

    No, money is not the root of all evil, as often attributed to the Bible, albeit erroneously. In 1 Timothy 6:10, it says that the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

    So, how does God view money? Of the hundreds of passages that speak of money in the Bible, here are a few we can consider:

    First, it is God who is the source of wealth. This must be clear from the beginning. As 1 Samuel 2:7 says, The Lord sends poverty and wealth; He humbles and He exalts.

    Second, the best way to earn money is to be industrious. Proverbs 10:4 is clear: Lazy hands make a man poor, but diligent hands bring wealth.

    If the choice boils down to having money or wisdom, the latter is a more handy and practical choice. As Ecclesiastes 7:12 says: Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: that wisdom pre-serves the life of its possessor.

    It is also the nature of wealth to be tentative and indeterminate, highly un-reliable. We have seen this in the stock-market crash of 1929 and succeeding economic flops in history. Thus, people should not put their hopes in wealth. Money can be put to its proper use through the generosity of the rich. Saint Paul wrote to Timothy (1 Timothy 6:17-19): Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with every-thing for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way, they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.

    Last, though not the least, money gained in dishonest ways will not last. Its a spiritual principle that no one should ever forget. In Proverbs 13:11, Dishonest money dwindles away, but he who gathers money little by little makes it grow.

    This Holy Week, it is imperative that people consider seriously where they place their treasures, for a man cannot serve God and money at the same time. God will not allow a rival for the devotion He richly deserves. As we go about our business, let us always recall Matthews words: For where your treasure is, there your heart will be also.

    THE Holy Week holiday is always a good time to reflect on the good fortune that we have been given and achieved. We are also admonished to help those that do not have the material possessions that make the quality of life more enjoyable. It is good to share.

    By Peter GarrisonLos Angeles Times/TNS

    ONE of the subtler ironies of the Germanwings ac-cidentthough the word accident may no longer be appro-priateis that the airplane involved used so-called fly-by-wire technol-ogy. The flight crews control inputs go not to the ailerons and elevators, but, instead, to a computer that decides how to execute the pilots commands. One of the functions of this technology, which is present in all new airliners, is to guard against faulty or ill-advised pilot actions.

    But the pilot still has the last word. If he chooses, he can override the computers. It is one of the axi-oms of aviation, handed down over generations, that the pilots author-itypresumably for the safety of the flight and its passengersis absolute. He is a monarch, and the airplane is his kingdom.

    And so, while computers can pro-tect us against pilot error, they can-not defend us against pilot malice.

    No algorithm, no existing technol-ogy, can stop a pilot bent on killing himself, with a plane full of people as collateral damageas appears to have happened in the Alps.

    We have now learned something about the complex locks and over-rides in the armored doors that are supposed to separate a flight crew from a terrorist passenger. Some committee must have labored long and hard over the imagined action-movie scenarios that would result in their destruction. But the task of designing those doors, after 9/11, was not a riddle about a chicken, a fox, a river and a raft, to which a sufficiently patient and logical per-son could arrive at a correct answer. When passengers, flight attendants and pilots are all potential enemies, what combination of locks and pro-tocols can possibly work?

    Suicide by airplane is very rare. In most casesall cases, that I know of, in private planes, which are the ma-joritythe pilot is alone. In the last couple of decades, however, there have been five or six instances in which

    a flight crew member deliberately crashed a plane full of passengers.

    The strange stew of malice, de-spair and grandiosity that leads people to unite suicide with slaughter is hardly a specialty of airline pilots, however; we encounter i


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