PH is Regional leader in Antitrust laws

Philippines Steps Up Regional Edge In Antitrust Law Enforcement

By Marvie Chorawan-Basilan

Feb 21, 2019 

A view of nickel ore stockpiles at a port in Sta Cruz Zambales in northern Philippines February 8, 2017. (Photo: REUTERS/Erik De Castro/File Photo)

The Philippines is gradually transforming into a regional leader in the enforcement of antitrust laws as the Southeast Asian country jumped to 5^th place in 2018's Asia-Pacific policy records.

According to local newspaper The Philippine Star, competition news and analysis firm Policy and Regulatory Report (PaRR) revealed in its 2019 "Global Trends Monitor" report that the Philippines stepped up three places higher in the top 10 Asia-Pacific list of economies that allow for fair competition in trade and business.

PaRR's report noted that the Philippine Competition Commission (PCC) enhanced its authority, thus strengthening the monitoring activities of markets or trade practices that could be hampering growth in some business sectors in the country.

"The Philippine Competition Commission is strengthening its enforcement framework this year with the introduction of a leniency program and the addition of rules on forbearance and dawn raids to its arsenal of investigative tools," part of the report stated.

Last year, the Philippine antitrust agency recorded a total of 40 acquisition transactions and mergers, accounting for PHP438 billion. Of the M&A transactions recorded, 33 were given the approval to proceed with the projects.

In April, the agency released a draft of guidelines that seek to benefit joint ventures. The merger notification threshold for Philippine exchange was also raised to PHP5 billion.

This year, the PCC is looking to focus on chain logistics, petroleum refining, sugar and pesticides manufacturing, corn milling and trading, and other trading programs that seek to enhance fair exchange in the Philippines, the report added.

Another country that made a significant rise in the ranks is Indonesia. The report found that Indonesia has climbed to 6^th place, one level higher from its 7^th spot record in 2017. The top three economies in antitrust enforcement practices are China, Australia, and South Korea respectively.

AEC News Today reported that Indonesia appointed new competition commissioners as part of its efforts in enforcing antitrust policies. This move also echoed the ASEAN member nations' October move of establishing the Asean Competition Enforcers Network - a program that encourages Asean states to cooperate on competition cases.

Other Asian countries also joined the fight against unfair trade standards as Myanmar eased its foreign investment rules last year and Singapore approved amendments to its competition law.

For its part in the global reinvention of antitrust policies, Vietnam fined companies that engaged in anticompetitive conduct, including Grab. In addition, Thailand finally granted conditional clearance to Glow Energy to imply its willingness in the Asia-Pacific region's goals of providing the trade industry with justifiable practices that will benefit both giants, small, and medium-sized operations.

PH Team wins NASA Award

Philippine Team wins NASA award

Manila Bulletin
21 February 2019

The Team iNON from the Philippines on Thursday received an award from the United States government for capturing the Best Galactic Impact category in the 2018 NASA Space Apps Challenge, beating out 1,395 other teams from around the world.

Teams iNON and Space Force will represent the country in the National Aeronautics and Space Administration (NASA) Space Apps Global Challenge
(Photo courtesy of Animo Labs via Facebook / MANILA BULLETIN)

US Ambassador to the Philippines Sung Kim awarded the certificates of recognition to iNON team members Revbrain Martin, Marie Jeddah Legaspi, Julius Czar Torreda, and Matthew Concubierta during a ceremony at the US Embassy.  Leandro de Guzman, the fifth member of the team, was unable to attend the ceremony.

The Filipino innovators created ISDApp, from the Filipino word “isda” (meaning fish), to communicate crucial information about real-time weather and sea conditions to fisherfolk.  

The app enables local government officials to provide this potentially life-saving information to fisherfolk’s analog cellphones using NASA Globe observer data.

“I am deeply impressed by team iNON’s fantastic achievement in defeating teams from around the world to win first place in the Galactic Impact category of the NASA Space Apps Challenge.  They can inspire other Filipino youth to develop innovative solutions to problems in their own communities,” Kim said at the event.

ISDApp was conceived by Team iNON at the US Embassy-sponsored NASA Space Apps Challenge in October 2018.  

US Embassy Deputy Chief of Mission Law, who served on the panel of judges, said Team iNON’s approach to getting important information out to fisherfolk without internet connectivity struck him as “clever and compassionate.”

Pinoy nurse in Ireland"s Got Talent

Filipino nurse Rodelle Borja gets standing ovation in Ireland's Got Talent

Louise Danielle Talabis

PEP.ph

20 February 2019

The 29-year old, who works in a nursing home in Dublin, Ireland, was commended for his rendition of "Can't Help Falling In Love.”



All four judges stood up and clapped for him at the end of his performance.

“Brilliant, you nailed that. You’re a beautiful human-being you got beautiful voice” said judge Jason Byrne.

American singer Michelle Visage also praised the Filipino nurse’s performance.

“You have nothing to be nervous about, yours did not get in your way but what I love most in your version is that you made it 100% your way. I didn’t hear any echo of Elvis Presley at all, it was all Rodelle.”

Denise Van Outen added: “It is such a beautiful moment hearing you, it was so lovely.”

Rodelle’s heart-melting rendition earned him four yes votes from the judges.

In an interview, Rodelle disclosed that he joined the competition in order to inspire other people.

“Growing up with stutter was quite difficult because I am not really that confident in expressing myself by talking. I expressed myself more, better by singing," he said.

Watch Rodelle Borja's performance in Ireland's Got Talent:

https://youtu.be/c0O81FkIx58

Second Fastest Emerging Market

Oxford Economics: PH will be 2nd fastest 

growing emerging market in 2019-2028



Ben O. de Vera
Inquirer.net
20 February 2019

MANILA, Philippines — With an expanding labor force, the Philippines will be eclipsed only by India among emerging markets (EMs) expected to post the fastest economic growth in the next 10 years.

In a February 15 report, UK-based Oxford Economics projected the Philippines’ gross domestic product (GDP) to grow by an average of 5.3 percent between 2019 and 2028, only outpaced by India’s 6.5 percent.

For 2019, Oxford Economics had said its expects the Philippines’ GDP growth at 6.1 percent, below the government’s 7-8 percent target range.

China and Indonesia’s economies were both seen expanding by 5.1 percent during the 10-year period; Malaysia, 3.8 percent; Turkey, 3 percent; Thailand, 2.9 percent; Chile, 2.6 percent; Poland, 2.5 percent; and South Africa, 2.3 percent.

The labor force in the Philippines was projected to increase by an average of 2.3 percent during the next 10 years, the fastest among the 10 emerging markets.

The labor force growth figure was computed by Oxford Economics as the number of people in the labor force multiplied to the average number of hours worked.

Total factor productivity growth was seen at 1 percent, while capital deepening or the contribution of capital accumulation to labor productivity growth was projected to rise by 1.6 percent from 2019 and 2028.

In a report titled “Sustained growth in EMs calls for thrift and innovation,” Oxford Economics said that while “countries with higher gross domestic saving (as a share of GDP) tend to have higher trend growth… the Philippines seems to be a major outlier, but its domestic savings are supplemented heavily by remittances.” /kga

PH to lead Asian growth

Philippine economic growth to lead Asia in 2019: HSBC


ABS-CBN News
18 February 2019

MANILA -- The Philippine economy will continue to grow faster than its Asian peers this year, notwithstanding global and local risks, HSBC said Monday.

Inflation is easing and is likely to settle at less than 4 percent at the end of the year, but growth could be affected by possible oil and food price shocks, said Frederic Neumann, HSBC managing director and co-head of Asian economics research.

The failure of the US and China to settle their trade spat could deal financial markets with a "confidence shock." Slowing growth in China, Japan and Europe could weigh on exports, he said.

"The Philippines will lead in absolute growth terms," Neumann told ANC's Market Edge. Consumption will likely pick up in Indonesia, he said.

Filipino Oscar nominees

Filipino artists receive Oscar nod


Jan Milo Severo
Philippine Star

MANILA, Philippines — The Philippines will be represented in the upcoming 91st Academy Awards as several Filipino creatives and their films have been nominated in various categories.

Filipino-American Matthew Libatique is nominated for Best Cinematography for his work in Lady Gaga's "A Star is Born."

Filipino-American Matthew Libatique is nominated for Best Cinematography for his work in Lady Gaga's "A Star is Born." 

Facebook/A Star Is Born

He was also nominated at the recently concluded Critics’ Choice Awards but was bested by Alfonso Cuaron of the film “Roma.”

Matthew Libatique

Matthew was first nominated for an Oscar in 2011 for his work in “Black Swan." 

Disney’s “Ralph Breaks The Internet” is nominated in the Best Animated Feature category. One of its story writers is Filipina Josie Trinidad, while its special effects team was headed by Cesar Velasquez.

Josie Trinidad

Nominated in the same category is “Spider-man: Into the Spider-verse” which featured Filipino-American Hailee Steinfeld who voiced Spider-Gwen.

Hailee Steinfield

Filipinos Louie del Carmen, Ryan Rubi and John Butiu formed part of the movie's animation team.




Meanwhile, two works by Filipinos are nominated in the Best Animated Short Film category: "One Small Step" co-directed by Bobby Pontillas and "Weekends" by Trevor Jimenez.

Bobby Pontillas

Trevor Jimenez

Popularly known as the Oscars, the Academy Awards will be held on February 24 at the Dolby Theatre in Hollywood, California.

Marvel's New Superhero

Marvel to introduce new Filipino superhero 'Wave' 

CNN Philippines Staff
16 February 2019

Metro Manila — Marvel Comics is about to bring a new legion of superheroes in the multiverse, one of them a Filipino heroine named "Wave." 

Wave will be among the new "Agents of Atlas" that will debut in May this year. 

She, along with other new characters — Aero and Sword Master from China — are tasked to save the world in "The War of the Realms" set in Asia.

"War of the Realms is this big, big Marvel universe story involving all the heroes from the Avengers, the Fantastic Four, Wolverine, the whole line," Marvel editor Will Moss explained.