Philippines Jobless rate Alarming! 10 reasons: Many jobs but pino's doesn't want to work?

Bonifacio Global City (BGC) Taguig, Manila, Philippines - image: pilipinohomes.com

Philippine Unemployment Rate ASEAN’s Highest, but Why?

Even though recent years have seen rapid economic growth in the Republic of the Philippines,  a high unemployment rate has persisted for quite a while in this sprawling Southeast Asian nation with a population of over 100 million people.

Under President Benigno Aquino who has been in office since 2010, the unemployment rate has fallen. The last reported figure was at the rate of 6.4% during the second quarter of this year, 0.6% less than the 7% reported a year earlier. However, the progress has been slow and unstable with the Philippines still having the highest unemployment rate in the ASEAN region.

There are many reasons for this. Invest Asian citing top reasons based on research.

" Main one being that the country’s population is growing faster than the rate at which jobs are being created"

In three of the past five years, official statistics show that the number of people entering the job market has been greater than the number of jobs created.

The conundrum highlights the difficulty and complexity of spreading the benefits of economic growth and points out that they have yet to trickle down to more deprived areas of the nation.

Filipinos Just Aren’t Working

Another reason is even more alarming. There is relatively lower working population compared to neighboring countries. This means that even if the unemployment rate falls, it does not ensure maximum productivity of the country.

As mentioned, the participation in the labor force remains relatively low. But what is it in quantifiable numbers?

"Only about 65% of the population aged 15 and above is looking for work "

The number being one of the lowest in the region. To put the number into perspective, the numbers in Vietnam, Thailand, and Indonesia are 78%, 72%, and 68% respectively.

One possible explanation for this low labor force participation percentage is that there is a higher value placed on further education in the Philippines. What this means is that young Filipinos typically spend some more time in college before entering the labor market, directly contributing to the low participation rate. The citizens of the other countries in the region enter the workforce much earlier.

Not Enough Good Jobs?

Yet another alarming reason could be the low quality of jobs available. In 2014, less than half of workers – in both formal and informal employment – were in what were described as paid jobs. Of the rest, about a fourth were self-employed with no guaranteed income and a tenth were in their family business working on farms or other businesses where they typically received food and lodging but no real cash, according to official statistics.

Former budget minister and current economist at the University of the Philippines, Benjamin Diokno, says that this relatively large number of unpaid workers – about 4 million people – “bloats” the ranks of the employed and makes the unemployment rate seem less serious that it really is.

However, such unpaid workers are not the only ones feeling held back.

In a government survey, 18% of workers said that they would like to work longer hours or get an extra job. Only 35% of these worked 40 hours or more a week.

The Philippine government, in an effort to mirror the success of its Asian neighbors, is looking to improve the quality of jobs available by ramping up employment in manufacturing. But it has had little success so far, hindered by issues such as higher wages, limited infrastructure and red tape, which make the country less competitive than its ASEAN peers.

Their lack of success is proven by the fact that only 16.5% of workers were in industrial jobs in the second quarter of 2015.

The country’s uneven employment market has traditionally led millions of Filipinos to seek better-paying jobs overseas.  One out of every 10 Filipinos works abroad, sending billions of dollars in remittances home and  helping to drive the country’s consumption-driven domestic economy – but doing little to promote employment.

There does not seem to be an end (at least in the near future) to the high unemployment rate problem that the Philippines faces.- Invest Asian

Continue reading

Philippines inflation falls to two-decade low

Image source: The Financial Times

 

If you need evidence that the world faces a "third deflationary wave," look no further than the Philippines.

 

Annual inflation in the Philippines was just 0.6 per cent in August, the lowest reading in more than two decades of records. Economists had forecast a 0.7 per cent reading, following a 0.8 per cent print in July.

 

The central bank targets headline inflation target at 3 per cent, plus or minus one per cent. Actual inflation has come in below that band for four months.

 

The downward trajectory in inflation across much of Asia reflects weak demand, lower commodity prices and a decline in costs for manufactured goods. Currency devaluation has done little to thwart the deflationary threat: the Philippines' peso has depreciated more than 15 per cent since March 2013 and now trades at ₱ 46.79 per dollar, about 8 per cent weaker than its five year average.

 

Core inflation, which strips out volatile items to get a better sense of underlying trends, looks a little better on the whole but its August reading was well below forecasts. In August the reading was 1.6 per cent year-on-year, versus forecasts at 1.9 per cent. The downward trajectory is clear: in March the reading was 2.7 per cent; one year ago it was 3.4 per cent.

 

A quarterly index of consumer price inflation across Asia (ex-Japan) confirms this trend is found across the continent. The second quarter reading of 2.06 per cent was about half the rate seen in 2012 and a two-thirds below the rate in 2011. As explained in the FT earlier this week, these trends are likely to intensify as the Federal Reserve lifts interest rates, causing the US dollar to rise and yield-seeking investors to take cash out of emerging markets.

 

"In sum," wrote Dominic Rossi, global chief investment officer at Fidelity Worldwide Investment, "this third deflationary wave will mean that world GDP will continue to operate at a level below potential output. Downward pressure on prices will persist and a supply-side contraction in developing nations will be required before prices stabilize. A further fall in potential global output is now unavoidable. The adjustments to GDP forecasts are still ahead of us." - The Financial Times

Continue reading

Support for Duterte presidential run gathers steam, Roxas led internal survey over Binay

The trouble with us in government is that we talk too much, act too slow, and do too little, don't we? What the country needs is not more laws but more good men in public service. image: rappler.com

Support for Duterte presidential run gathers steam

Davao City mayor yet to commit to the idea of running for highest office

Manila: Support for a presidential bid for Davao City’s mayor, Rodrigo Duterte, is gaining ground even as the prospective candidate himself is yet to commit to the idea.

“Yes, talks are on going, but nothing is final at this time,” a source from Cebu City told Gulf News when asked to confirm reports that negotiations are going on between Duterte’s camp and that of the Nacionalista Party (NP) of former Senator Manuel Villar and the Partido Demokratiko-Lakas ng Bayan (PDP-Laban) of Senator Aquilino Pimentel III.

Duterte currently belongs to the PDP-Laban.

With their formidable machineries, the two parties together form the biggest political organisations in the country.

It was responsible for the near-win of Villar in the 2010 presidential contest. Villar tallied only second in the electoral contest, losing to current President Benigno Aquino III.

The source confided to Gulf News that NP is courting the support of Duterte as part of a political concession to Villar, whose wife, Senator Cynthia Villar is reportedly seeking the vice-presidency in the 2016 polls.

Merger

Reports said an official announcement of a merger of the PDP-Laban-Nacionalista Party is due soon.

So far, Duterte remains non-committed although there are widespread calls for him to run for the top executive office.

A no-nonsense lawyer and administrator, Duterte had been elected mayor of the country’s biggest city — Davao City, time and again despite his image as a leader who would cut short tedious judicial processes by rendering justice swiftly and without fanfare.

In 2012, he forced a man selling fake land titles to eat the counterfeit certificates the latter had been selling to hapless informal settlers.

He would, at a heartbeat, tell rice smugglers that he would have them shot to death if they continue with their nefarious ways.

But the source said, all of this is part of an image Duterte cultivated and happily basked in.

Death squads

“They say he had people executed through the so-called Davao Death Squads but up to now, no one has any proof that he was behind these killings,” said the source.

“For one thing, Mayor Duterte epitomises everything that the government should be — quick to act on concerns even outside the media glare. The people are fed up with slow moving politicians,” he said.

“If only he will run for president then things would appear a little better for a lot of people,” he added.

Mar Roxas: Real survey is in 2016

ZAMBOANGA - Local Government Secretary Mar Roxas is thankful for the results of an internal survey that showed him winning the presidency if he goes one-on-one against Vice-President Jejomar Binay.

Roxas, who arrived Thursday morning in the city, toured different radio and TV stations.

In an interview, the Liberal Party candidate said he is grateful for the results of an internal survey commissioned by the LP. The survey showed that Roxas will win if the presidential race were a one-on-one fight between him and Vice President Jejomar Binay.

Roxas said he is not privy to the details of the internal survey.

He also said the real survey will rely on the results of the 2016 election.

Before he left, Roxas made a joke that as of present he too is excited to know who will be his running mate in the 2016 elections.

Roxas is set to attend the three-day Mindanao Business Conference in Dipolog City, which formally opened yesterday. Business leaders and stakeholders from the different parts of the country are among those who participated in the activity. - Gulf news / ABS- CBN

Continue reading

Jones Cup 2015: Gilas Pilipinas beats Japan 75-60 ahead of Iran clash

Jones Cup: Gilas routs Japan, 75-60

Metro Manila (CNN Philippines) — Gilas Pilipinas pulled away early in the fourth quarter to rout Japan, 75-60, in the 37th William Jones Cup on Wednesday (September 2) at the Xinzhuang Stadium in Taipei.

After a tight first three quarters, Gilas fired at will from the three-point area and clamped down on defense to break free in the payoff period.

During that stretch, newcomer Moala Tautuaa scored back-to-back throwdowns followed by five three-pointers from veterans Jayson Castro, Gary David, Ranidel de Ocampo, and Gabe Norwood to bury Japan for good.

Rising star Terrence Romeo led Gilas anew with 16 points. Castro, De Ocampo, and Tautuaa added 10 apiece.

The Filipinos, who led by as much as 17 points during the spirited surge, now hold a 3-1 win-loss card with the win, improving their chances of topping the tourney they ruled in 2012.

A hurdle on their road to the championship, however, is Iran, which is currently atop the leaderboards with a 4-1 record. Gilas is tied with Chinese Taipei (Blue) and Russia at No. 2.

The Philippines will face Iran, which is coming off a blowout loss to Team USA which are spearheaded by former Philippine Basketball Association (PBA) imports (September 3) at 1 p.m.- CNN

Continue reading

BASCAP and Philippines IP Office to bolster cooperation to stop counterfeiting and piracy

SINGAPORE: ICC’s Business Action to Stop Counterfeiting and Piracy (BASCAP) and the Intellectual Property Office of the Philippines (IPOPHL) have signed a Memorandum of Understanding (MOU) that sets the foundation for cooperation on intellectual property protection and enforcement initiatives. The goal of the MOU is to foster increased collaboration on intellectual property rights (IPR) that will benefit Philippines consumers as well as international and local brand owners.

Representing BASCAP, Meena Sayal, Unilever's Director of Global Brand Protection, presented the agreement to Allan Gepty, Director General of IPOPHL, last week at the 5th annual Global IP Forum in Singapore. She said: "The IPOPHL has developed a strong enforcement program. BASCAP's members appreciate these efforts and are keen to support IPOPHL's efforts as demonstrated through the signature of this MOU."

"BASCAP and IPOPHL share a common commitment to step up efforts to protect intellectual property and to guard Philippine consumers from the harms caused by product counterfeiting and copyright piracy. We look forward to working together to find ways to stop the trade in fakes in the Philippines and in the region," said BASCAP Director Jeff Hardy, who signed the agreement. "The Philippines IPO has been a leader in the region and in ASEAN on IP protection and enforcement and we welcome the opportunity to collaborate on future initiatives that will help both our organizations achieve the goal of wiping out the serious problems created by criminals selling and distributing fakes."

BASCAP and IPOPHL share a common commitment to step up efforts to protect intellectual property and to guard Philippine consumers from the harms caused by product counterfeiting and copyright piracy

Mr Gepty said: "The accession of the Philippines to the Madrid Protocol provides brand owners, particularly foreign brands, with one cost-effective way of protecting their intellectual property rights, particularly trademarks. This MOU with BASCAP demonstrates the commitment of the Philippine government to work with stakeholders and ensure enforcement of these rights."

Under the MOU, the organizations agree to share data, materials and best practices and to cooperate on joint programs and projects. BASCAP and IPOPHL are already collaborating on a public awareness campaign in the Philippines using BASCAP's global "Fakes Cost More, I Buy Real" campaign materials. Both organizations expect to identify additional specific projects to be completed over the next 12 months. - ICC

About BASCAP

The drain on businesses and the global economy from counterfeit goods and piracy of intellectual property is of great concern to ICC member companies worldwide. Business Action to Stop Counterfeiting and Piracy (BASCAP) is an ICC initiative that unites the global business community across all product sectors to address issues associated with intellectual property theft and to petition for greater commitments by local, national and international officials in the enforcement and protection of intellectual property rights. Visit: www.iccwbo.org/bascap

About IPOPHL

The Intellectual Property Office of the Philippines (IPOPHL) is the primary government agency tasked to administer and implement state policies, laws, rules and regulations in the promotion, protection and enforcement of intellectual property rights. IPOPHL works towards economic, technological, and socio-cultural development by communicating, enabling, and ensuring the effective use of the Intellectual Property System in all levels of society for the creation, protection, utilization, and enforcement of Intellectual Property. Visit: http://www.ipophil.gov.ph/

Continue reading

Tourist blatantly breaks Davao city's anti-smoking ordinance, swallows cigarette butt

Duterte forces smoking tourist to swallow cigarette butt

* A local tourist openly defied Davao City’s anti-smoking ordinance

* He also mocked the restaurant owner who confronted him about the violation

* Duterte poked gun at the man’s crotch and gave the smoker three choices

* The man ended up eating his own cigarette

'Papiliin kita: barilin ko ang bayag mo, i-preso kita, o kainin mo ang upos ng sigarilyo mo,' asks the feisty Davao City mayor of a tourist caught smoking

 

MANILA, Philippines – A tourist literally got a taste of Davao City Mayor Rodrigo Duterte’s non-conventional style of law enforcement.

A Filipino tourist was forced by the mayor to swallow the butt of the cigarette he was smoking after refusing to follow Davao City’s famed smoking ban, according to a Facebook post in a page calling for Duterte’s presidential bid.

The post was written by former North Cotabato governor and former journalist Manny Piñol, who openly supports a presidential candidacy for Duterte.

The tourist was in the city for the Kadayawan Festival when he dared to smoke in a restaurant one night, read the post, crediting “sources close to” Duterte for the information.

The restaurant owner informed the tourist of the anti-smoking ordinance in the city which prohibits smoking in public places.

The smoker allegedly asked, “On whose orders? Bakit pera ba ni Duterte and binibili ko ng sigarilyo? (Why, am I using Duterte’s money to buy a cigarette?)”

Unfortunately for the tourist, the restaurant owner turned out to be a friend of Duterte. The owner asked the police to inform Duterte of the tourist’s transgression.

A few minutes later, the mayor himself walked into the restaurant, prompting the shocked tourist to drop his cigarette and step on it.

Duterte then sat beside the tourist, “pulled out a snub-nosed .38 revolver and poked it at the man’s crotch,” Piñol wrote.

The mayor then allegedly told the smoker: “Papiliin kita: barilin ko ang bayag mo, i-preso kita, o kainin mo ang upos ng sigarilyo mo (I’ll give you these choices: I’ll shoot your balls, send you to jail, or you eat your cigarette butt).”

To these the smoker could only muster a measly “Sorry Mayor” before picking up the cigarette butt and swallowing it, wrote Piñol.

Davao City is 9th safest City in the World. Image source: Davao Eagle

Dare to challenge the law?

Before leaving the restaurant, witnesses heard Duterte tell the smoker, “Never ever challenge the law.”

Duterte has earned adulation for his hands-on leadership style that many say helped turn Davao City into one of the safest in the country.

But his “vigilante style” of justice and open support for killing criminals has also sparked outrage among human rights advocates and even Justice Secretary Leila de Lima.

Surveys tag him as a popular choice for president in the lead-up to the 2016 national elections. In a May 8-18, 2015 survey done by Laylo Research Strategies, Duterte and former president Joseph Estrada were tied at 3rd place with their national rating of 10%.

Though Duterte is yet to declare his presidential bid and although he has been sending mixed signals about his real intentions for 2016, he has been going around the country explaining his would-be platform and all-out support for federalism in the Philippines. – Pia Ranada/Rappler.com / Kickerdaily

Continue reading

The Philippines and KR big winners from China's slowdown but Fearing Investors for MARCOS Jr bid for 2016 Presidency

The Philippines and South Korea are the big winners from China's slowdown

How panicked were investors last week about China's stock market plunge? Enough to treat the Korean peninsula, a place that was teetering on the brink of war, as a safe haven.

Even as policy makers braced for renewed military confrontation between North and South Korea, the won staged a rally.

It may be time to start counting Korea as a developed nation, rather than an emerging market. 

That's made South Korean assets one of the few bright spots in a dark time for emerging markets. On August 24 alone, investors yanked $2.7 trillion out of developing nations, with Indonesia, Malaysia and Thailand especially hard hit. It matched the violent September 2008 selloff after Lehman Brothers collapsed.

Back then, Korea was battered so hard that pundits were calling it the "next Iceland" and the "Bear Stearns economy". Now, together with the Philippines, it's one of Asia's only refuges from chaos.

It's not hard to explain why many Asian economies are suffering from China's slowdown. Exporters of commodities, who depended on a humming Chinese market, have especially suffered. But why are there such big outliers among battered emerging markets?

Less like lemmings

The answer is that investors are finally basing their decisions less on herd mentality than nuanced, case-by-case analyses.

"Emerging market investors have become a lot savvier," says economist Frederic Neumann of HSBC in Hong Kong.

"Gone are the days where emerging markets were all lumped into one bucket. Today, countries with stronger fundamentals are able to resist the spread of contagion washing over global financial markets."

Along with South Korea and the Philippines, Neumann notes that even some frontier economies, like Vietnam, "have weathered global financial turmoil with apparent ease".

The common link among the success stories is they've got the basics right since Asia's 1997 financial meltdown. They have healthier financial systems, greater transparency, stronger banks, sober national balance sheets, and reasonable current-account deficits.

Malaysia's reckoning, by contrast, is long overdue.

The ringgit is trading near 17-year lows because scandal-plagued Prime Minister Najib Razak cares more about staying in power than modernising the country's unproductive economy.

Meanwhile, Thailand's military junta is undoing much of the progress Bangkok made since the late 1990s in strengthening the rule of law. And for all its gripes that Indonesia is being unfairly lumped in with Asia's laggards, President Joko Widodo's administration is rapidly losing the trust of investors.

While there's still time to win it back, Widodo's first 315 days in office have been a case study in timidity, drift and lost opportunities.

Korea credible

Korea, by contrast, is on the "more credible side of the spectrum," says economist Marc Chandler of Brown Brothers Harriman.

Even though China's downshift and US interest rate hikes will eventually make a dent, the won was Asia's top performer last week. Its 2.7 percent gain almost matched the drop in the Chinese yuan since August 11.

Meanwhile, Korean bond yields are falling. It turns out that the world's central banks had it right last year when they boosted their Korean debt holdings. In 2014, they made up 45.4 percent of the foreign-held portion of Korea Treasury bonds, up from 41.8 percent a year earlier.

It may be time to start counting Korea as a developed nation, rather than an emerging market. Korea still faces many challenges, not least of which are its rogue family-run conglomerates. But its macroeconomic performance deserves the recognition it's receiving from investors.

The same goes for the Philippines. Since 2010, President Benigno Aquino has steadily improved his nation's debt position (winning investment-grade ratings in the process), attacked graft and drawn in waves of foreign-direct investment.

Last month, reporters asked Philippine central bank governor Amando Tetangco if he's worried about the spectre of economic crisis haunting Asia at the moment.

"There's a herd mentality," he said, "but there'll be differentiation."

So far, he's been proven right. The country formerly derided as the "sick man of Asia" has been standing its ground amid market chaos.

Still risks

Risks abound, of course. While South Korea's economic fundamentals are stable – it's growing at a rate of 2.2 percent with a 3.7 percent jobless rate – its high household debt of $458 billion is a concern.

Manila, for its part, faces an uncertain 2016 election, in which Ferdinand Marcos Jr, son of the dictator who ravaged the nation in the 1970s and 1980s, may make a bid for the presidency. History has shown that emerging markets are often just one bad leader away from relapsing into chaos.

For now, the relative stability washing over Korea and the Philippines underscores that steady leadership and long-term thinking matter. It also shows that global investors are getting better at identifying those factors in Asia. - Bloomberg / The Sydney Morning Herald

Continue reading

Texas Instruments invests $10 million to expand Philippines facility

Texas Instruments is a world leading manufacturer of Integrated Circuits (IC) used for mobiles phones and other electronic gadgets. Image: dallasnews.com

Texas Instruments Inc. has confirmed that it’s investing $10 million to expand its product distribution center in Clark Freeport, the Philippines.

A groundbreaking ceremony took place there last week, according to news reports from the Philippines.

It’s part of an overall $1 billion TI said in 2007 that it would invest in its Clark Freeport facilities through 2017, but it has been increased to $1.3 billion, according to a company spokeswoman.

“Our current product distribution center is overflowing; we do not have enough space do an efficient job on distributing,” Mohammad Yunus, president of TI Philippines, told the Pampanga Sun Times in the Philippines. Last quarter, TI shipped 1.5 billion semiconductor units from the Clark Freeport facility and plans to ship 1.9 billion units this quarter, he said.

“We are currently looking on the 2 billion units which could be a new record for any Texas Instrument site anywhere in the world,” Yunus said in the Sun Times.

TI built its first assembly and test site in the Philippines in Baguio City in 1979. In 2009, it opened a second facility in the Clark Freeport Zone,  doubling the company’s capacity in the Philippines. - The Dallas Morning News

Continue reading

Philippine natural and organic products to be featured in Maryland, USA trade show September

Nine Philippine companies will be joining the Natural Products Expo East, the largest natural, organic, and healthy products event in the US East Coast, from September 17 to 19 at the Baltimore Convention Center in Maryland. STAR/File photo

MANILA, Philippines — Nine Philippine companies will be joining the Natural Products Expo East, the largest natural, organic, and healthy products event in the US East Coast, from September 17 to 19 at the Baltimore Convention Center in Maryland.

The Philippine Department of Agriculture (DA) through the DA-Agribusiness and Marketing Assistance Service (AMAS) organized the following natural product exporters to participate in this event—Brandexports Philippines, Inc., Elemie Naturals Inc., GreenLife Coconut Products Philippines Inc., Nutramedica, Inc., Orich International Traders, Inc., Prime Fruits International, Incorporated, Sweet Pacific Foodfarms Product, Team Asia Corporation, and Tropicana Food Products Inc.

A variety of coconut products will be available to the American public such as coconut water, milk, milk powder, flour, cider vinegar, coconut nutraceutical products, desiccated coconut, coconut sugar, organic extra virgin coconut oil and virgin coconut oil beauty pearls. The coconut is known as the tree of life in the Philippines because of the seemingly endless list of products and by-products derived from all its parts.

Other Philippine products to be featured in the trade show are body products made from pili, handcrafted bath soaps, topical scalp products, vinegar, dried mangoes, noodles, juices and fruit juice drinks, camote (sweet potato) and banana chips, condiments and sauces.

Philippine Ambassador to the United States Jose L. Cuisia, Jr. expressed optimism in the growing share of the Philippines in the natural products market and encouraged US buyers to take advantage of the growing demand for such products.

“The Philippines has long been producing natural, organic, and healthy agricultural products as well as nutritionally-dense foods considered ‘superfoods’ abroad. The Natural Products Expo East is the perfect venue for sellers to bring their products to the attention of the US buyers. I am glad Philippine companies, with the help of the Department of Agriculture and our Agricultural Attaché, have penetrated this market. I hope more Philippine businesses will follow soon,” said Ambassador Cuisia.

The 2014 Market Overview of Natural Foods Merchandiser, a leading media source and information provider for the healthy products industry, showed that US nationwide sales of all natural and organic products jumped 9 percent to nearly $99 billion last year.

According to Philippine Agriculture Attaché to the US Dr. Josyline C. Javelosa, this has also led to a growth in the Natural Products Expo.

“More retail buyers are walking the show floor at Expo East than ever before, looking for the newest quality products to bring back to their stores,” Dr. Javelosa said.

The trade show will reportedly bring over 22,000 attendees and more than 1,800 exhibitors, with approximately 30 percent of those exhibiting for the first time and new to the marketplace, according to Natural Product Expo East.

This year, the expo will include for the first time a Farm-to-Market Tour where attendees will have the opportunity to visit some of Baltimore’s nearby farms and retail stores that source from them. - philSTAR

Continue reading

New Malware Breaks 'Impenetrable' Corporate Defenses, Strikes First In Philippines

Quick Heal Technologies has discovered a new form of malware that can bypass sandbox-based gateway appliances. Image: IB Times / Reuters

An antivirus firm has uncovered a new strain of malware that can break through highly secure enterprise networks. This malware is capable of getting past sandbox-based gateway appliances, sold by companies like Fireeye and Fortinet, to land in unsuspecting email inboxes. Its discovery by security firm Quick Heal Technologies is set to kickstart a cat-and-mouse game between appliance vendors and malware makers.

That's bad news for companies depending solely on these appliances to keep their network secure. These solutions can run up to $500,000, and have so far been impenetrable. Farokh Karani, a director at Quick Heal, explained that these appliances are a new trend in a world looking to find the one solution to all security problems. "The latest magic bullet being touted is these sandboxing appliances," he said.

These appliances run virtual machines (VMs) with a variety of different browsers, operating systems, and configurations. VMs are sometimes used by consumers with apps like Parallels to run Mac on Windows. In this situation, VMs are used when an email arrives at the company. The appliance executes the code in these VMs to make sure there's nothing nasty hiding inside.

This new malware, known as APT-QH-4AG15, was able to find its way around the appliance, and analysis reveals that it contained several schemes to get around virtual machines and sandboxes. The malware was first picked up in the Philippines, targeting local financial institutions, but Karani warns that all sandbox-based gateway appliances are effected.

"Our initial findings have taught us that even the most advanced sandbox-based appliance protection can be breached," said Sanjay Katkar, CTO at Quick Heal. "As a result, enterprises need to consider and implement multiple layers of protection to safeguard their networks."

Karani explained that antivirus software inside the network was able to detect the malware, but this spells trouble for companies depending on the appliances for their complete security solution. "It's the flaw in approach of sandboxed appliances, if you're taking it to be the magic bullet to stop all malware from coming in," said Karani.

The reason why these appliances have been secure until now, Karani said, is because malware makers weren't targeting them. Instead, developers focused on attacking traditional servers and PCs, bypassing regular antivirus software.

"The best defense is layers of robust protection – from the network to the endpoints and across all mobile devices, with continuous updates made to ensure that all levels of protection are current," said Karani.

The company's report reveals that the file creation date is just over 10 days old. That means the starting pistol has been fired, appliance developers will need to keep up to date, and the myth that these appliances are a "magic bullet" solution is now suspect. - International Business Times

Continue reading

Silverpack investing ₱500 Million for Philippine plant

In an interview, a Silverpack official said the company plans to conquer Southeast Asia over the next decade through aggressive expansion of its manufacturing facilities and sales office across the region. image: philSTAR

MANILA, Philippines - Multinational packaging firm Silverpack Sdn Bhd is looking to invest ₱500 million to put up its first manufacturing plant in the country in the next two to three years.

In an interview, a Silverpack official said the company plans to conquer Southeast Asia over the next decade through aggressive expansion of its manufacturing facilities and sales office across the region.

"Our plan is to set up manufacturing plants in Asean in 10 years' time. We already have a factory in Malaysia and China. We have sales offices in Singapore, Sri Lanka and Thailand. We also need to set up sales offices in the entire Southeast Asia," Silverpack regional sales director Jeffrey Ng said.

In the Philippines, Ng said the company intends to gather a sizable market share initially before putting up a manufacturing plant in two to three years.

Ng said Silverpack is currently in talks with large food manufacturing companies in the Philippines for the export of its products.

"We are expanding because companies are also expanding. When they do well, we will do well as well," he said.

Silverpack's clients in Philippines are still mostly small and medium enterprises which import about ₱3 million to ₱4 million worth of products a month.

The company is looking to tap large Filipino conglomerates which invest in their own packaging plants for their businesses.

Ng said a candy manufacturer, for instance, spends 10 percent of its total cost for packaging alone while a high value goods manufacturer spends five to seven percent.

Silverpack's packaging materials are used by a wide range of food industries such as coffee, tea, confectionery, milk products, snacks, biscuits, instant food items, oil, seafood, pet food, sweets, jelly top seal, fruit drinks, personal care series, and moon cakes.

The Embassy of Malaysia Trade Office (Matrade) Manila said Silverpack is among the top five packaging companies in Malaysia at present.

Matrade commissioner Nyaee Ayup said Silverpack's expertise in packaging would help support a wide range of food industries in the Philippines.

"Instead of setting up their own packaging division, the food manufacturers in the Philippines can focus on their main line of business, if they will tap Silverpack for their packaging needs," Ayup said. - With Pia Lee Brago @philSTAR

Continue reading

Lakers News: Jordan Clarkson Will Not Play For The Philippines

Jordan Clarkson, a Filipino-American professional basketball player who currently plays for the Los Angeles Lakers. image: turner.com

There’s been a lot of talk over the summer about second-year guard Jordan Clarkson, a Filipino-American professional basketball player who currently plays for the Los Angeles Lakers of the National Basketball Association for potentially playing for the Philippines' national team. Clarkson has expressed an interest in representing his country, but didn’t want it interfering with his commitment to the Los Angeles Lakers.

According to The Philippine Star, Clarkson will not be playing for the national team at this point in time because of his current commitment:

            "In an email to US-based Philstar.com contributor Homer Sayson, Mike Clarkson, Jordan’s father, cited timing as a factor in his son’s decision to pass on the  chance to don the           country’s colors, emphasizing Jordan’s  current commitment  with the Lakers in the NBA. Jordan is in town and has  started working out with the nationals."

Clarkson was initially put on the 24-man preliminary roster for the Filipino squad after being deemed eligible as a natural-born player earlier this month, via Naveen Ganglani of Rappler:

            "The state of the Philippine national basketball team took an unexpected turn on  Monday, August 24, when it was revealed that Los Angeles Lakers guard Jordan  Clarkson actually       acquired a Philippine passport before turning 16-years-old, making him eligible to suit up for Gilas Pilipinas."

Samahang Basketbol ng Pilipinas Director Sonny Barrios told Rappler on Monday in a phone call that reports of Clarkson’s eligibility to play as a “natural born” Filipino player were true.

With Clarkson not playing for the Philippines in international competition this summer, the up-and-comer will get back to focusing on being ready for training camp with the Lakers. The NBA preseason won’t get underway for the Lakers until Oct. 4 against the Utah Jazz in Honolulu, Hawaii. Training camp should get started during the final week of September.

Clarkson will join D’Angelo Russell and Julius Randle as the focal point on a talented young squad with a lot of prove during the upcoming season. Kobe Bryant will lead the pack as usual along with veterans newcomers Lou Williams, Brandon Bass and Roy Hibbert.- Lakers Nation

Continue reading

#AkoSiDaniel Campaign Aims to Empower Children in the Philippines Through Education

#AkoSiDaniel Campaign Aims to Empower Children in the Philippines Through Education

As another academic year gets into full swing in many countries in the Northern Hemisphere and some parts of the Southern Hemisphere, so too does an education campaign called #AkoSiDaniel in the Philippines. With the aim of getting 1.2 million primary-age out-of-school children in the country into schools and learning, the cause is making headlines with the support of local and international youth leaders, nonprofit organizations, and celebrities united to bring hope to young Filipinos living in poverty.

Inspired by nine-year old Daniel Cabrera of Cebu and the global Up For School movement, #AkoSiDaniel, meaning "I am Daniel," was launched in July 2015 by The Philippines Foundation in partnership with international initiative A World at School and American crowdfunding company Crowdrise.

A few weeks before, the photo of Daniel studying on a makeshift desk by a McDonald's underneath a lamp post went viral, drawing the attention of online and on-the-ground communities who mobilized to support him and his mother. As a result of their collaboration, they raised over 230,000 Philippine pesos, equivalent to approximately 5,300 U.S. dollars, as well as scholarships that will be financial assistance for his living expenses and schooling.

In the spirit of their crowdfunding project, #AkoSiDaniel is anchored to a digital platform, AkoSiDaniel.org. Through this microsite, people across the world can sign the Up For School Philippines petition and donate to The Philippines Foundation, which will support programs devoted to increasing access to quality education for children in the Philippines.

At a forum this past May 2015, Min Jeong Kim, Head of the Global Education First Initiative Secretariat, stressed the importance of innovative funding to education. Therefore, partnerships such as AkoSiDaniel.org are imperative for making a positive difference in the lives of youth like Daniel, because, unfortunately, Daniel's plight is only one among many. In the Philippines, poverty, natural disasters, conflict, and shortages in education resources hinder children and their family from pursuing and persisting in school.

These challenges have placed the Philippines on a list of nations yet to achieve United Nations Millennium Development Goal 2, which, in 2000, set a global mission to achieve universal primary education by the end of 2015. Today, there are around 59 million primary-age children who are unable to realize their potential through education. As a result, governments have been mobilizing talent and treasure to set an agenda that will afford their young populations an education.

To this end, the Philippine government released its own framework for action to accelerate and sustain its efforts in expanding access to primary schooling, in time for approval of the Sustainable Development Goals at the upcoming United Nations Summit in late September 2015, which will call for inclusive and equitable quality education and lifelong learning opportunities for all.

With only a month left until the historic conference, #AkoSiDaniel joins the global Up For School coalition bringing hope to children living in difficult conditions, deprived of pencils, books, teachers, and schools. Supporters and strangers alike can join in solidarity by going to AkoSiDaniel.org, signing the petition, donating, and raising awareness among family and friends on social media and in-person. Now is the time to empower current and future generations through education.

Benedict Joson is A World at School Global Youth Ambassador for education supporting The Philippines Foundation and #AkoSiDaniel campaign. - Huffing post

Continue reading

Ozu Ong, Famous Masculado Dos Performer shot dead after his Bar Performance in QC, Philippines

‘Masculados Dos’ member slain by carjackers may have known assailants—PNP

A member of the all-male group Masculados Dos who was shot dead in a carjacking incident in Angono, Rizal early on Sunday might have known his assailants, police said.

Marcelo “Ozu” de Guzman Ong II, 30, was dead on arrival in the hospital, after he was shot at around 3:45 a.m.  Sunday (August 2, 2014)

Ong had come from a performance in bar in Quezon City and was about 25 meters from the gates of their subdivision, Primrose Hills, in Barangay (village) Mahabang Parang when the incident happened.

The assailants, on board a car, then took away Ong’s Toyota Hilux with plate number AAO2272.

Superintendent Lucilo Laguna Jr., Angono police chief, said in a phone interview that Ong “must have known his assailants.”

This, he said, was based on a witness’ account who said that Ong had gotten out of his vehicle and had briefly spoken with one of the suspects before the shooting took place.

“There were at least two suspects — the one who shot the victim and another who drove the victim’s vehicle,” Laguna said.

He said they were looking into Ong’s job, which includes “performing in bars.”

Laguna said investigators have spoken to Ong’s live-in partner, Kysillin delos Santos, 28, and she told them that Ong had no known enemy.

According to Laguna, Ong left behind three young children with Delos Santos.

Earlier Sunday, Maryo J. Delos Reyes, manager of Masculados, announced the untimely death of Ong.

“It is in grief and great sadness that we announce the demise of one of our premium artists…,” the Delos Reyes said in a statement.

“His relatives, friends and brothers at Productions 56 are requesting for prayers for the eternal repose of his soul,” he said. “We shall surely miss his very energetic performances…

Ozu Ong's remain is at the Lazarus Chapel B, Transfiguration of Christ Parish Church Columbarium, of Manuel L. Quezon Ext., Antipolo City.” –Maricar Cinco, With a report from Bayani San Diego Jr., Philippine Daily Inquirer and other sources

Photos of the late Ozu Ong

(Grabbed from his Facebook account and Masculados Dos FB Page)

 

 

 

 

 

 

 

 

 

 

 

Continue reading

World-renowned economist Jeffrey Sachs: Philippines has much to teach world

LAUNCHING. Jeffrey Sachs, who serves as the director of both SDSN and the Earth Institute, launches SDSN's local chapter alongside NEDA Director General Arsenio Balisacan. Photos by Chris Schnabel / Rappler

Jeffrey Sachs: Philippines has much to teach world

The country should be a world leader in sustainable development, says the renowned US economist

MANILA, Philippines – World-renowned economist and bestselling author Dr Jeffrey Sachs wants the Philippines to be one of the world's leaders for sustainable development.

"The country has much to offer, so much to teach the world, and so much to benefit from,” said Sachs, who is in the country to formally launch the Sustainable Development Solutions Network Philippines (SDSN Philippines), alongside National and Economic Development Authority (NEDA) chief Secretary Arsenio M. Balisacan on Monday, August 3.

In his public lecture Monday titled "The Age of Sustainable Development,” which is also the title of his newest book, he gave a context of the SDSN Philippines and the challenge it faces.

The local chapter will have the responsibility of pulling the country’s leading thinkers to work side by side with NEDA, universities, political and business leaders, and communities to find paths to sustainable development in this country, he explained.

It also comes at a time of optimism in the country and that will be helpful, he added.

Sustainable Development Goals

SDSN Philippines is the local chapter of the United Nations SDSN Network established by UN Secretary Ban Ki-Moon in 2012.

Directed by Sachs, the SDSN’s aim is to help find concrete solutions to some of the world’s most pressing environmental, social, and economic problems to achieve sustainable development.

To achieve this, the SDSN network has set another series of goals called the Sustainable Development Goals (SDGs). These new goals will formally succeed the Millennium Development Goals (MDGs) in September of this year.

LECTURING. Jeffrey Sachs details the Social Development Goals and the challenges that the global community faces in achieving them to an audience of Philippine stakeholders.

Like MDGs, SDGs are a set of goals covering social, economic, and environmental issues spread by the UN for states and international bodies to use in planning and implementing development policy.

Their exact wording was finalized by the UN general assembly Monday.

This time the goal is to end all poverty, not just cut it in half, by 2030, Sachs said.

Unlike MDGs, Sachs explained, SDGs are universal and will need to be adopted by rich and poor countries alike.

They call on all countries to stop the dominant pattern of focusing only on the economic bottom line but to take development in a holistic manner.

Change direction

“It can’t be business as usual. It’s no longer enough to just achieve economic development. We need a change of direction,” Sachs said.

The focus is on pursuing economic development that is also socially inclusive and environmental friendly, he added.

The SDGs also put forward a shared vision of how international leaders want to see the world to be in 2030.

Education is also a huge agenda, one that will be spread over 15 years with a global knowledge base as its core, Sachs said.

Universities, research laboratories, and think tanks are the core of the SDSN, although it partners with business, government, and civil society, he said.

The idea is to think of how the world is going to do this because the scale of the challenge requires new ways of thinking, technology, and training, Sachs explained.

Universities' role

This, he shared, is why universities should play a leadership role in the project.

Educational institutions are incubators of innovation and have the ability to create solutions of a global scale – which is what's needed to solve big problems such as poverty and climate change, according to Sachs.

Sachs cited as examples the economic emergence of South Korea, which focused on a knowledge-based economy, and the creation of the Silicon Valley ecosystem in the US – both of which scaled using innovation.

Transforming the local economy into a knowledge-based one is a key step for the Philippines and other developing nations toward sustainable development, Sachs said.

FEEDBACK. Sachs, alongside Balisacan and former NEDA Director General professor Solita Monsod listen to reactions from stakeholder groups on Sustainable Development Goals.

Lessons from MDGs

With the SDGs, the Philippines needs to learn lessons from implementation of the previous MDGs, Balisacan said.

The Philippines has seen mixed results with the MDGs, with the country fulfilling targets related to universal primary education; lowering infant mortality; reducing malaria incidence; and enhancing clean water access for households, among others.

The country is not on track to meet goals for maternal mortality, AIDS/HIV prevention, reproductive health access, and completion rates for elementary schools.

"Putting timelines in place as we move to 2030, and being more conscious about assigning responsibility especially in government and the academe are some of the things we need to improve on," he explained.

Political will must also be mustered to push through institutional changes needed.

Above all, more financing for sustainable development should be planned and organized, especially in innovation through more funding for universities and research & development centers, Balisacan added.

The tasks are enormous and so are the challenges, he explained.

“The good thing is now that the economy is in good shape, we no longer have an excuse to not invest in sustainable development," Balisacan said. – Rappler.com

Continue reading