OFW Filipino Heroes

Friday, March 10, 2017

Philippine Export Rose Up 22.5% to $5.1 Billion USD - Fastest in 3 Years

Electronics Philippine Export Rose Up 22.5% to $5.1 Billion USD - Fastest in 3 Years
Electronics Export in the Philippines Rose up 22.5% January to $5.1 Billion US Dollars

Exports from the Philippines grew at their fastest clip in three years in January as shipments of electronics took off.

Exports rose at their quickest pace in three years in January on demand for technology goods and commodities, while continuing strong imports underlined a buoyant domestic economy.

The Southeast Asian economy is one of the fastest growing in the world and strengthening global trade could complement robust domestic consumption as President Rodrigo Duterte's government aims to sustain annual growth above 7 percent during his six-year term.

Exports in January rose 22.5 percent from a year earlier, gaining for a second month in a row, while imports jumped 9.1 percent, data from the Philippine Statistics Authority showed on Friday.

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Country’s exports jumped 22.5 per cent year on year to $5.1bn in January, coming in above a median forecast from economists compiled by Bloomberg of 10.5 per cent growth.

Shipments of electronics, the country’s top export accounting for 46.1 per cent of total export revenue in January, increased 10.4 per cent year on year to $2.4bn.

Japan remained the Philippines’s largest export destination accounting for 17.3 per cent of total exports or $887.7m with the US its second largest market accounting for $847m.

Imports rose 9.1 percent year on year to $7.4bn, which was slightly below economists’ median estimate of a 10 per cent increase.

This resulted in the trade deficit of$2.3bn, coming in below estimates of $2.9bn and improving on the $2.56bn deficit in December.

Vishnu Varathan, senior economist at Mizuho Bank, said the spike in exports was largely in line with the strength in shipments elsewhere in Asia.

"There is a confluence of low-base effect and also seasonal uptick that went into the end of last year," he said.

Eight of the country's top 10 export products rose in January, with electronics up 10.4 percent from a year earlier. Electronics remained the country's No. 1 export, accounting for 46.1 percent of total revenue in January.

The country's biggest imports for the month were electronics, mineral fuels, transport equipment, industrial machinery, and iron and steel.

Exports to the country's top trading partners such as the United States and China increased 21.2 percent and 23.6 percent, respectively, in January from a year earlier. Shipments to Japan, the biggest export market, fell 6.6 percent.

While the Philippine economy is largely driven by domestic consumption, Varathan said it would also be buffeted by any change in external trends.

"We want to see how trade negotiations between the U.S. and China pan out and the corresponding knock-on effect that you'll see in Asia," Varathan said. With reports from Financial Times and Reuters 

Wednesday, March 1, 2017

US-Asean Business Council upbeat on Philippine Economic Prospects

In Photo: Members of the US-Asean Business Council (US-ABC) hosted a roundtable for Trade Undersecretary Nora K. Terrado on February 22 in Washington, D.C.
In Photo: Members of the US-Asean Business Council (US-ABC) hosted a roundtable for Trade Undersecretary Nora K. Terrado on February 22 in Washington, D.C.Photo: Business Mirror

‘FOR the first time in three years, the Philippines made it to the worldwide list of top 20 investment destinations of multinational enterprises,” Trade Undersecretary for Industry Promotion Group Nora K. Terrado told participants in a roundtable organized by the US-Asean Business Council (US-ABC) on February 22 in Washington, D.C.

Terrado said with the country’s 6.8-percent GDP growth in 2016, the Philippines continues to be one of Asia’s fastest-growing economies, exhibiting resilience amid external shocks.

This message highlighted Terrado’s presentation about the country’s improving global competitiveness ranking.

Terrado discussed the current administration’s 10-point socio-economic agenda, which aims to sustain improvements in the Philippine investment climate, support rural development, and further enhance the country’s infrastructure, human capital and social-protection programs.

“The whole government is tasked to continue to improve the ease of doing business in the Philippines,” Terrado said.

As chair for Asean 2017 Summit, the Philippines is poised to highlight the region’s strengths by engaging the international business community, foreign governments and investors through the Asean Business and Investment Program (Abip).

As chairman for the Asean Committee on Business and Investment Promotion, Terrado urged the US-ABC and its members to participate in the business activities to be held in the Philippines, focusing on themes, such as regulatory coherence, micro, small and medium enterprises (MSMEs), women and youth entrepreneurship, and innovation.

Marc Mealy, vice president for policy of the US-ABC, expressed positive feedback after the dialogue with Terrado.

“With the Philippines serving as the current Asean chairman and having one of the highest GDP growth rates in Asia, the representatives from the 13 American multinational companies who participated were keen to receive the undersecretary’s update on current business trends in the Philippines and the economic priorities of the Duterte administration,” Mealy said. “The Council looks forward to conducting our 2017 senior executives business mission to the Philippines later this year.”

The US-ABC members that participated in the dialogue were Coca-Cola, Fluor, Citi and Philip Morris, among others. - BUSINESS MIRROR

Tuesday, February 28, 2017

BRITISH Student “RESCUE” to Save the Philippines “Needs help”

Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk
BRITISH Student “RESCUE” to Save the Philippines “Needs help” Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk

Help students reach the Philippines as part of search and research course


A SEARCH and rescue training course is showcasing what young people can do in Salisbury.

A group of students from Wiltshire College have been working alongside disaster response charity Serve On at Salisbury Fire Station to gain a nationally recognised search and rescue qualification.

They have also been working with Chilmark-based charity Team Rubicon UK.

This is the first time the Search and Rescue Level 1 course, which started last September, has been offered by the college.

Foundation Studies lecturer James Lewis says he has seen the students grow in confidence. He said: “What the students have done here is amazing.”

Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk
 Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk

The students have been able to learn about different aspects of search and rescue from safety and equipment checks to practical techniques including water rescue.

Craig Elson, of Serve On, added: “What we are trying to do for these young people is to give them opportunities and experiences that they wouldn't otherwise get. These young people have a massive amount of untapped enthusiasm and potential, our goal at Serve On is to help them come to realise that fact.

“It has been testing at times, but that's what makes it so rewarding. I have seen these guys and girls grow in confidence and demonstrate some of the capabilities that they have. They can all be justly proud of how far they have come.”

Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk
Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk

It is hoped that four of the students will be able to travel to the Philippines in May where they will help rebuild a school.

But help is needed as it will cost about £3,500 to get them out there.

Mr Lewis said: “They will work with groups of school students doing English, work on community projects, get experience of that culture and exposure to search and rescue teams. We hope to raise the profile of what young people in Salisbury can do and what they are capable of.”

Serve On, Team Rubicon UK, the Emergency Rescue Unit Foundation, Manduae City Government, the Congressman from the Philippines Government and various local surgeons and health workers are also due to be involved.

TO HELP

Anyone who would like to sponsor the students' trip to the Philippines is asked to get in touch with Mr Lewis by emailing james.lewis@wiltshire.ac.uk



Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk
Help students reach the Philippines as part of search and research course. Wiltshire College students practice water rescue techniques at the Old Mill in Harnham. Photo: salisburyjournal.co.uk

- Newsquest Media - UK

Saturday, February 25, 2017

Shabu Pushers Shows up Again in the streets of Manila "Yelling like Selling Balot" Weeks after TOKHANG Stopped, -VOA

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A drug user inhales "shabu," or methamphetamine, at a drug den in Manila, Philippines, Feb. 13, 2017. Photo: VOA

Philippines Meth Trade Out of the Shadows Again

VOICE OF AMERICA (VOA): MANILA, PHILIPPINES — Philippine President Rodrigo Duterte’s war on drugs had until three weeks ago driven the trade in crystal methamphetamine underground, according to residents and drug users in some of the slum areas of the nation’s capital city.

As thousands of users and dealers were shot dead by police and vigilantes in the first seven months after Duterte came to power last June, open dealing in the drug, known here by its street name shabu, largely stopped. Instead, deals were done on the quiet between people who knew each other, maybe with a text message first.

But since Duterte ordered the Philippine National Police (PNP) to stand down from the drugs war last month, after declaring the force “rotten to the core,” the drugs trade has come back out of the shadows, more than half a dozen drug users and dealers in some of Manila’s toughest areas said in interviews. Many spoke on condition that only their first names be used in this story.

‘How much are you going to buy?’

Beside one of the less-used railroad tracks in Manila, a grassy area scattered with human excrement only a few miles from the gleaming high-rises of the Makati business district, shabu was easily available last week, costing just a few pesos (cents) per hit.

Residents said that when they traveled on the illegal trolleys that ferry people for a few pesos along the track when there are no trains in sight, a fellow passenger will often offer them a sachet of the drug.

Eusebio, 52, who pushes a wood and bamboo trolley on the track for a living, said dealers sometimes walk alongside calling out: “How much are you going to buy?”

“Now that the operations have been suspended, drugs have become rampant again,” he said. “Those who were hiding have resurfaced.”

Another trolley-pusher, Boyser, 59, told two Reuters journalists: “If you weren’t reporters, they would offer you drugs.”

‘Users are still users’
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A sachet of "shabu," or methamphetamine, is pictured between lamps inside a drug den in Manila, Philippines, Feb. 13, 2017. Photo: VOA

In a dark cinderblock room that serves as a drug den in another part of Manila, there were similar stories from users.

“We have more freedom now,” Jason, a 39-year-old bartender told a visiting reporter as he inhaled shabu smoke. “All the users are still users, except those who have been killed,” he said, adding that he has used shabu for almost two decades.

More than 8,000 people have been killed since Duterte was sworn in almost eight months ago, about 2,500 of whom were killed in official police anti-narcotics operations. Human rights groups believe many of the others were extra-judicial executions committed as part of the war on drugs, and in cooperation with the police, a claim the Duterte administration has vehemently denied.

The president’s office did not respond to a list of emailed questions about the drug war and whether dealers were now openly back on the streets.

Duterte has repeatedly said he will hunt down drug lords and other “high value” targets and there have been a handful of large-scale seizures and raids on shabu laboratories.

But most of those killed in the war on drugs have been small-time dealers and users in some of the country’s poorest neighborhoods.

The PNP stopped publishing an official tally of drug war killings from police operations on January 31 when Duterte ordered the Philippine Drug Enforcement Agency (PDEA) to take over the campaign.

Fewer killings

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Filipino men place their hands over their heads as they are rounded up during a police operation as part of the continuing "War on Drugs" campaign of Philippine President Rodrigo Duterte in Manila, Philippines. Photo: VOA File

According to reporters and photographers from Reuters and Philippine news organizations working the night shift, “vigilante-style” killings of drug suspects have continued, but at a much slower pace. Police data shows 398 people were killed nationwide in the first 20 days of February.

Details of the killings were not provided and it was unclear how many were drug-related.

Some anti-narcotics experts say they would not be surprised if it turns out that the drug war has been ineffective. They say that ruthless operations against drugs, like Duterte’s, have failed elsewhere in the world.

When an aggressive anti-drugs campaign begins, supplies may be tight for a while, street prices may spike, but ultimately drug usage does not drop, say those who have studied the results.

“We don’t know of any examples from around the world where very hard-line approaches have worked effectively,” said Jeremy Douglas, the regional representative for the United Nations Office on Drugs and Crime. “They can temporarily disrupt street business, but they don’t disrupt demand.”

Lost momentum

Some police officers told Reuters that they had received reports of increased street-level drug activity since they were ordered to stand down.

Manila Police Commander Olivia Sagaysay, who oversees four precincts in the city, said the war on drugs had lost momentum and morale among her officers had suffered since they were ordered to stand down.

“It’s depressing,” she said. “But who are we not to follow the higher-ups?”

She said she expected the trade to increase but maybe not return to its previous levels because “networks were disrupted” and “pushers were killed.”
In a written response to questions from Reuters about the impact of Duterte’s campaign on the street-level shabu trade, the PDEA said that “based on reports gathered, the supply of illegal drugs in some areas are still considerably abundant.”

The PDEA attributed low street prices for shabu — prices overall have risen only minimally since the war on drugs began and in some areas have fallen — to a “lack of customers” or drug traffickers trying to get rid of their supply “in order to avoid arrest.” It said drugs were being hoarded and that it was difficult for users to transact directly with traffickers. The PDEA did not provide evidence for any of its assessments.

PNP spokesman Dionardo Carlos said drugs would return to the streets because it was “a billion peso business” and “money talks.”

In his view, though, the drug war had not failed.

“We hit the target and now it goes back to PDEA. As far as the PNP is concerned we did our part in the past seven months. I hope PDEA will be able to do their part,” he said.

The PDEA has just about 1,800 people compared with the national police force of 160,000. Of the existing PDEA personnel, only about half are field operatives.

PDEA spokesman Derrick Carreon said his agency will add staff and that the president would soon be issuing an executive order to set up an anti-illegal drugs inter-agency council and task force that would also draw from the military, the National Bureau of Investigation and the PNP. The task force will be charged with pursuing the war on drugs.

“There is a temporary vacuum of warm bodies but it won’t be long,” Carreon said, adding that those involved in the drug trade would be wrong to think they were safe.

“If that’s their perception, it won’t last long,” he said. “They will find out in the hardest way that they are terribly wrong.”
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A drug user inhales "shabu," or methamphetamine, at a drug den in Manila, Philippines, Feb. 13, 2017. Photo: VOA

‘Go after cookers’

Still, Jason, the bartender who is a shabu user, said Duterte’s campaign was not successful because he targeted the wrong people.

If authorities had gone after the “cookers,” the people manufacturing the drugs, instead of users and small dealers, people like him would be unable to buy and would move on. As it is, Jason said, shabu is always in plentiful supply, adding he was addicted and the drug eliminated any fear he may have had of being shot by police or vigilantes.

As he spoke, Jason poured white crystals into a long strip of aluminum foil folded into a trough, tilted it slightly and held a flame below. Almost immediately, it produced a thick white smoke, which he sucked up through a narrow aluminum foil straw.

He then began speaking again, more animatedly. “I buy drugs every day!” he said. - Voice of America 

Friday, February 24, 2017

1 BTC - USD Hits 1,120 and Continue Rising for the coming USA SEC ETF Decision March 11

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Bitcoin hit 1,120 USD. Source: Blockchain

Friday, February 24, 2017 11:30 PM UTC +8GMT

BTC/USD hit an all-time high of 1220 level on Friday and is currently trading at 1209 levels at the time of writing (Bitstamp).

Philippine Peso - BTC Exchange rates : ₱60,277.64

Coins.ph exchange rate:  Buy: ₱60,737 PHP | Sell: ₱58,875 PHP

Buybitcoin  rate:  Buy: ₱61,581 PHP | Sell: ₱58,529 PHP

The recent upswing is possibly being driven by the upcoming decision on bitcoin ETF by the US Securities and Exchange Commission (SEC). Traders seem to be largely bullish on the bitcoin ETF getting the approval, CoinDesk reported. The SEC has until March 11,2017 to approve or disapprove the ETF.

According to Bloomberg, President Trump’s policy uncertainties might be the reason behind the recent rally. It explains that investors are looking to hedge against potential global uncertainty in the wake of President Trump’s policies and are speculating relaxation of digital currency regulations under his leadership.

On the upside, the pair will now run into resistance at 1245 (127.2% retracement of 1139.89 and 751.34) and a break above would see it testing 1280 (113% extension of 751.34 and 12.20)/1347.

Momentum studies remain bullish. Any dips could be taken as an opportunity to go long. However, caution is advised as RSI and stochs are in the overbought zone.

On the flipside, support is seen at 1200 (psychological) any violation would drag it to 1140 (trend line joining 941.81 and 1074.69)/ 1115 (5-DMA). A break below 5-DMA could see further weakness in the pair.



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Senator Leila de Lima Arrested for Accusation of Orchestrating a Drug-trafficking ring for 5 years During her Term as Justice Minister

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Senator Leila de Lima with her political party supporters inside her office before the arrest  

Senator Leila de Lima Arrested for Accusation of Orchestrating a drug-trafficking ring for 5 years

Senator Leila de Lima a staunch critic of President Rodrigo Duterte's war on drugs has been arrested by law enforcement agents after charges were filed in court alleging that she received money from drug dealers inside the Bilibid, the country's largest prisoner’s compound.

Senator Leila de Lima is accused of orchestrating a drug-trafficking ring when she was justice secretary during the 2010-2015 administration of Benigno Aquino.

"The truth will come out and I will achieve justice. I am innocent," she told reporters shortly before law enforcers escorted her away from her office on Friday.

De Lima, her former driver. lover and bodyguard and a former national prison official were ordered to be arrested by a local court on Thursday after a judge found merit in criminal charges filed by the Department of Justice last week.

De Lima has denied the charges, calling herself a victim of political persecution and saying that she has long prepared herself to be the first "political prisoner" under the Duterte administration.

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Senator Leila de Lima Arrested and heading the Police office with police escort 

"While the issuance of the warrant of arrest is questionable, I do not have any plans to evade it," she said, calling the order premature as the court has yet to hear the response from her lawyers.

She slept in her Senate office overnight then gave herself up to armed officers in flak jackets who put her in a van and drove into morning rush-hour traffic apparently towards police headquarters.

Duterte, 71, won a presidential election last year after promising during the campaign to eradicate drugs in society by killing tens of thousands of people.

Since his inauguration on June 30, an anti-drug drive has seen more than 7,000 people killed over suspected drug links - with about 60 percent of the deaths carried out by unknown assassins.

De Lima has previously called for foreign intervention to put an end to the "state-inspired" extrajudicial murders, which she said have been instigated by Duterte since his election to power.

De Lima also led a series of Senate investigations over allegations that police officers were involved in the killings, and that hired killers were operating under orders from police.

Aries Arugay, associate professor of political science at the University of the Philippines-Diliman, told Al Jazeera that the senator will use her detention to highlight the president's controversial policies.  

"Senator de Lima has been taunting the Duterte administration to arrest her for months. She boldly says she is its fiercest critic … What is happening right now is she is really using this as her platform for her own politics," Aurgay said.

'Shame on you'
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Senator Leila de Lima  taking her mugshot at the police office

Meanwhile, De Lima's detractors were jubilant over the news of her arrest.

Blogger and Movie and Television Review and Classification Board Member Mocha Uson, who is a "diehard" supporter of Duterte, said once the charges are proven, no one will stand with De Lima.

Meanwhile, political analyst and fervent Duterte supporter Sass Sasot, criticized De Lima for her rancorous reaction to the arrest warrant. I miss the time when Gloria was arrested.

"Naka upo lang si madame, enduring everything, dignity in silence. Itong si Leila kulang na lang bumuga ng apoy."

Finally, former Sen. Jinggoy Estrada — who is currently facing plunder charges filed by then-Justice Secretary De Lima in relation to alleged misuse of his "pork barrel" fund — slammed De Lima for not surrendering directly to authorities.


"We surrendered even before the warrant of arrest was served. We went to Crame immediately. Can't you do the same? Shame on you," Estrada said in a Facebook post. - With report from CNN and Aljazeera

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