PSEi back at 6,000 level on bargain hunting

by James A. Loyola, MB

The local stock market climbed back to the 6,000 level as investors picked up bargains in anticipation of upcoming economic data and corporate earnings reports.

The main index added 45.23 points or 0.76 percent to close at 6,028.79 as the Services sector led the advance while the Mining and Oil counter lagged behind. Volume was thin at 406 million shares worth P3.48 billion as gainers beat losers 91 to 76 with 55 unchanged. 

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“Philippine shares started the last week of October solidly, as investors stateside are going to have a handful of eco data to keep tabs on this week,” said Regina Capital Development Corporation Managing Director Luis Limlingan.

He added that, these include “PMI data on Oct. 24, New Home sales for Sept. on Oct. 26, GDP and Durable Goods Orders print on Oct. 27, and Personal Income reading on Oct. 28.“

Philstocks Financial Assistant Research Manager Claire Alviar said “The local bourse went up amid bargain hunting while investors await the third-quarter earnings results. Moreover, the government’s announcement that it is prepared to defend the peso from falling to 60 levels against the US dollar boosted the sentiment.” 

She noted that, “Wall Street’s positive performance last Friday also influenced the market’s movement. However, market participation remains weak.”

Love makes little things great

By Fr. Roy Cimagala *

MAKE no mistake about it. As long as things are done with love, no matter how small, ordinary and mundane they are, they can be transformed into something great, even to the extent of acquiring a supernatural, divine value. Indeed, the greatness of divine life offered to us can be found and developed in the little, ordinary things that comprise the major part of our earthly life.

This after hearing clearly what Christ said: “What is the Kingdom of God like? To what can I compare it? It is like a mustard seed that a man took and planted in the garden. When it was fully grown, it became a large bush and ‘the birds of the sky dwelt in its branches.'” (Lk 13,18-19)

Reiterating the same idea, he continued to say: “To what shall I compare the Kingdom of God? It is like yeast that a woman took and mixed in with three measures of wheat flour until the whole batch of dough was leavened.” (Lk 13,20-21)

Yes, heaven can be reached and experienced to a certain extent even while here on earth when we do things with love, that is, when we offer them to God who loves us first and expects us to love him in return. The secret is to join in the dynamic of divine love that God offers us, as shown to us and shared with us by Christ himself.

We have to be most wary of our common tendency to do things just to meet our own interests and to satisfy our own personal desires that have nothing to do with God or making God only as a prop, a disguise. In other words, when we would fall and get trapped in our own world of self-indulgence.

We might appear to be doing good, but unless they are done with true love, with true self-giving that is inspired by God’s love and that leads us to it as well, that good is at best only apparent. At its worst, they are a danger, a sweet poison. Sooner or later, the bad effects and consequences of that apparent good would appear. We would get spoiled, we hardly can go the distance, we would be prone to hypocrisy.

We really need to continually rectify and purify our intention in whatever we do. We should see to it that we do them with true love, never afraid of whatever cost and sacrifices may be involved, knowing that doing things with true love will always give us joy, peace and perseverance. We are never short-changed when things are done with love.

Of course, doing things with true love would require effort and sacrifice, especially considering our weakened and wounded condition here on earth. It would require sincerity in all our actions, always guarded against the tendency to project certain appearances and images without the proper substance and spirit of love.

Given the many developments of our times that can easily lend themselves to the dangers of hypocrisy, inconsistency and the like, we have to continually examine our conscience to see if we are still driven by true love or are falling already into the clutches of hypocrisy, etc.

We can always know that we are motivated by true love because we would always feel happy and secure, and always motivated and zealous even if we encounter problems and difficulties along the way. That’s when we can already have some traces at least of the Kingdom of God here on earth.

* Chaplain Center for Industrial Technology and Enterprise (CITE), Talamban, Cebu City

Email: roycimagala@gmail.com

Boost local tourism, Marcos urges Pinoys

By Kristina Maralit October 24, 2022 

PRESIDENT Ferdinand "Bongbong" Marcos Jr. encouraged Filipinos to start visiting the country's tourist sites to help speed up the recovery of the local tourism sector.

In his weekly vlog posted on his official Facebook page Sunday, the President said tourism is one of the country's major job generating and revenue earning industries.

"I will not stop encouraging you all to visit our beautiful tourist spots," he said in Filipino.

"Let's start this Undas (All Saints' Day and All Souls' Day). One reason why I declared October 31 a special non-working holiday is so that we will have more time to spend with our families and plan our vacation," he said.

Tourism can revitalize the economy because improving existing tourist spots and developing new ones will open more businesses, which in turn will provide more local employment opportunities, he said.

Marcos said he has tasked concerned government agencies to step up efforts to improve accessibility to areas with a high potential for tourism.

"The more that they are accessible, the more people will be enticed to visit and pour in money to the provinces," the President said.

Last week at the Philippine Tourism Industry Convergence Reception, Marcos pledged all-out support for efforts to boost the tourism sector.

Citing the report of Tourism Secretary Cristina Garcia Frasco that the Philippines has attracted around 1.6 million foreign travelers since the country eased the screening of arriving passengers last February, he directed various government agencies to work closely with the Tourism department in building new infrastructure, rehabilitating and improving existing tourist destinations and discovering new ones, upgrading sea and airports as well as public transportation, and securing tourists.

DoT redefines key strategies

Ease of travel and better facilities, the President pointed out, will lure more local and foreign tourists alike to see the sights which will generate not just jobs and income for Filipinos but also "reintroduce" the Philippines to the rest of the world.

Marcos reiterated that "now is the best opportunity" for the country to be a tourism hub with its vast, rich natural resources and best asset — the Filipino workforce.

"We in the Philippines have been so fortunate to have been born to this very beautiful country. And even more so, we have been so lucky to be born to such beautiful people. This is something that we can show the world, and immediately, this will come to help on the preoccupation. At the very beginning, we always talk about jobs, we always talk about employment," he said.

"We must immediately do all that we can to make sure that these assets that the Philippines has must be used to bring jobs to people, good jobs to people, to bring visitors to our country," he added.

Marcos pledges to reboot tourism

To further streamline the processing of returning overseas Filipinos and foreign travelers, the government has replaced the One Health Pass (OHP) with the much simpler eArrival card.

Before the eArrival Card, travelers had to register for the OHP a few days before their arrival and accomplish the electronic Health Declaration Checklist (eHDC) on their day of departure.

Unnecessary information fields such as the traveler's occupation and educational attainment have been removed to speed up the registration process.

PTAA: Collaboration key to recovery

Tourism-related fields were likewise significantly cut by half — from 20 items under the OHP to now less than 10 items in the eArrival card.

Upon providing their travel details, personal information, health declaration and vaccination details on the eArrival Card website: www.onehealthpass.com.ph, travelers will be issued with a unique QR code which they will present to Bureau of Quarantine officers at their destination airport in the Philippines.

Marcos: Covid-19 is fading away; ‘it’s time to get back to work’

by Argyll Cyrus Geducos, MB 

President Ferdinand “Bongbong” Marcos Jr. said that while the past few years have been difficult for everyone, it is time for the people to return to their normal lives as the Covid-19 pandemic is now “fading away.”

President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM Screenshot)

Marcos said this in a welcome luncheon at the MassKara Festival in Bacolod City on Sunday, October 23. 

In his speech, the President recognized that the celebration was important as it signals that the situation was slowly returning to normal and in time for the Christmas season.

“It is a good thing to remind people that the pandemic may have been difficult, the pandemic really put us through the wringer, but we are back,” he said.

According to the President, the pandemic is now “fading away,” and Filipinos are now learning to live with it.

“The pandemic is fading away. We are learning to manage it, and now it is time for us to all go back to work, to all go back to our normal lives, to remind ourselves of all the opportunities that were before us before the pandemic,” Marcos said. 

“Now, after that, we have normalized the situation a little bit, then it is time for us to go back to all of those endeavors that we were undertaking before the Covid hit,” he added.

President Marcos said the celebration of the MassKara Festival allows Filipinos to show the rest of the world what they can do.

“It is time for us to go back and exercise once again, show once again the Filipino resilience, the Filipino resourcefulness, the Filipino industry, the Filipino talent,” he said.

“Ito ngayon ang MassKara Festival ay isang pagdiriwang hindi lamang sa pagbubukas ng Bacolod kung hindi sa buong Pilipinas (The MassKara Festival is a celebration of not just the opening of the Bacolod, but of the entire Philippines),” he added.

The MassKara Festival began in 1980 following a series of sugar crises suffered by Bacolodnons and Negrenses. Specifically, the crisis was caused by the oversupply of sugar in the international market, which caused world sugar prices to drop.

The colorful smiling masks in the festival symbolize their resiliency and unity despite challenges and problems

The limits of our human laws

By Fr. Roy Cimagala *

IN the gospel, many are the instances where Christ had to correct the leading Jews at that time for their too strict and too literal interpretation of their laws. (cfr. Lk 13,10-17) These Jews acted as if they had the exclusive possession of what is right, moral and legal just by citing their laws. Obviously, they themselves could not follow those laws to the letter. And Christ pointed that out to them.

We obviously need to craft laws to guide our life in common. But we need to understand that since these laws are human laws, they cannot capture everything involved in man’s life that can also involve spiritual, let alone, supernatural realities. Even in the level of our ordinary human affairs, complicated situations can take place that can go beyond the purview of our legal system. Depicting justice as a blindfolded woman with a weighing scale tells us a lot about this predicament.

We should be wary of our tendency to fall into legalism, formalism and political correctness. Thus, Christ bewailed this common danger among the leading Jews by saying, “Woe to you Pharisees! You pay tithes of mint and of rue and of every garden herb, but you pay no attention to judgment and to love for God. These you should have done, without overlooking the others. Woe to you Pharisees! You love the seat of honor in synagogues and greetings in marketplaces. Woe to you! You are like unseen graves over which people unknowingly walk.” (Lk 11,42-44)

We should always be on guard against all these forms of inconsistency, always rectifying our intentions and also regularly editing our life, much like what writers do with their work before they are submitted for publication. That way, we can monitor how things are going and can have the chance to make appropriate corrections, improvements, revisions, etc. 

Our human laws are meant to lead us to our ultimate goal which is none other than to be with God, to be holy as God is holy, etc. Irrespective of their immediate temporal purpose, our laws should lead us little by little to become God’s image and likeness as we are meant to be. They in the end should serve the fundamental religious purpose of our life. That should always be the constant purpose of our laws. 

All the other objectives of our laws, let alone their technical requirements, serve only as an occasion, a reason or motive for this ultimate purpose. Setting aside this ultimate purpose would empty our laws of their real legitimacy, making them rife for all kinds of manipulations and maneuverings by some shrewd men who may enjoy some power at a given moment.

We have to realize that it is Christ who ultimately gives the real meaning and purpose of our laws. We have to disabuse ourselves from the thought that our laws can be based only on our common sense, or on our own estimation of what is good and evil according to the values of practicality, convenience, etc., or on our traditions and culture, etc.

While these things have their legitimate role to play in our legal and judicial systems, we have to understand that they cannot be the primary and ultimate bases. It should be God, his laws and ways that should animate the way we make laws as well as the way we apply and live them. After all, being the Creator of all things, he is the one who establishes what is truly good and evil.

* Chaplain Center for Industrial Technology and Enterprise (CITE), Talamban, Cebu City

Email: roycimagala@gmail.com

National IP Month celebrates our cultural heritage

Published October 23, 2022, 12:05 AM

by Manila Bulletin

On Oct. 23-24, representatives of Indigenous Peoples (IP) communities will gather in a celebration called “Dayaw” to present with pride their rich cultural heritage through music, dance, and oral tradition performances, and to share stories on best practices in safeguarding intangible cultural heritage (ICH).
Leading the celebration is the National Commission for Culture and the Arts (NCCA) through the Subcommission on Cultural Communities and Traditional Arts (SCCTA). The theme that will unite the celebration of National Indigenous Peoples Month is “Pagtataguyod ng pamayanang kultural para sa isang matatag na Pilipinas (Upholding cultural communities for a robust Philippines).”

Presidential Proclamation 1906, signed in 2009, declared October as the “National Indigenous Peoples Month” that mandates the “recognition and protection of the rights of Indigenous Cultural Communities (ICC). The gathering of cultural communities kicked off last Oct. 2 at the Rizal Park, with performances representing IP communities around the country. Today, Oct. 23, the Dayaw performance will be at the Rizal Park open air auditorium. On Oct. 24, the Dayaw forum will be held at the Metropolitan Theater in Manila.

The heart of the celebration will be the sharing of best practices on safeguarding ICH which are “measures aimed at ensuring the viability of the intangible cultural heritage” so that efforts in its preservation, promotion and transmission to the next generation will be initiated.

ICH includes “traditions or living expressions inherited from our ancestors and passed on to our descendants, such as oral traditions, performing arts, social practices, rituals, festive events, knowledge and practices concerning nature and the universe or the knowledge and skills to produce traditional crafts.”

Its importance, according to UNESCO, “is not the cultural manifestation itself but rather the wealth of knowledge and skills that is transmitted through it from one generation to the next.”

The Philippines has a wealth of intangible cultural heritage, some familiar to many of us now but others still remains to be documented and disseminated so that it will continue to give us “a sense of identity and continuity, providing a link to our past, through the present, and into our future.”

The NCCA has been developing projects and programs and nominating ICH elements to the UNESCO Representative and Urgent Safeguarding Lists. In the UNESCO Representative List of Humanity are three ICH elements of IP in the Philippines. These are the Hudhud chants of the Ifugao province, the Darangen epic of the Maranao people of Lake Lanao Maranao, and the tugging rituals and games of the Tuwali tribe in Ifugao, the NCCA announced.

LPA likely to enter PAR, to be named 'Paeng'

 

By Arlie O. Calalo October 23, 2022 

THE Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) is closely monitoring a low pressure area (LPA) that may enter the country in 36 hours and escalate into a tropical depression.

Weather specialist Benison Estareja told The Manila Times that the LPA was last spotted 1,460 kilometers east of Mindanao.

Once it enters the country, the LPA will be named Paeng.

"Based on Pagasa's forecast track, this may approach the landmass and make landfall somewhere in Luzon or Eastern Visayas by Thursday," Estareja said.

The weather agency said the inter-tropical convergence zone is affecting Mindanao where cloudy skies with scattered rain showers and thunderstorms may prevail.

Meanwhile, Ilocos Region, Cagayan Valley and Cordillera Administrative Region will likely have partly cloudy to cloudy skies with isolated light rains due to the northeast monsoon.

Metro Manila and the rest of the country will have partly cloudy to cloudy skies with isolated rain showers or thunderstorms.

37 countries to participate in Eurovision 2023

The list of countries participating in the Eurovision Song Contest 2023 in Liverpool. SCREENGRAB FROM YOUTUBE

By Aric John Sy Cua, Manila Times

The full participant list was revealed on the Contest's YouTube page on Thursday.

The countries participating in Liverpool are as follows: Albania, Armenia, Australia, Austria, Azerbaijan, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Iceland, Ireland, Israel, Italy, Latvia, Lithuania, Malta, Moldova, The Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovenia, Spain, Sweden, Switzerland, Ukraine, and host country the United Kingdom.

Next year's contest will have the lowest number of participating countries since the 2014 contest in Copenhagen, Denmark, which also had 37 countries.

Going directly to the grand final are Germany, France, Spain, 2022 hosts Italy and 2023 hosts United Kingdom, as they comprise the "Big Five", which are the biggest financial contributors to the Contest. For next year's show, having won the 2022 contest, Ukraine will have the automatic qualification for the 2023 grand final.

"Of the 37 nations taking part, 31 will compete in two Semi-Finals with 10 successful acts from each Semi-Final joining 4 of the Big 5 (France, Germany, Italy, and Spain), hosts the United Kingdom and Ukraine in the Grand Final," a statement from the European Broadcasting Union read.

Not returning to next year's Contest are Bulgaria, Montenegro and North Macedonia. Russia and Belarus are both ineligible to participate because their broadcasters are currently suspended by the EBU.

Although Bulgaria's Eurovision Twitter handle said they have lost interest in the Contest, there are reports saying the withdrawal was due to financial reasons. They recently returned to Twitter after briefly deactivating to wish the participating countries going to Liverpool all the best.

Feast of Saint Anthony Claret on Oct. 24

by Christina Hermoso, MB

Roman Catholics will celebrate on Monday, Oct. 24, the Feast of Saint Anthony Mary (San Antonio Maria) Claret, a popular Spanish saint, and founder of the Claretians.

St. Anthony Mary Claret (Catholic Online)

Commemorative masses will be held at the San Antonio Maria Claret Parish in Old Balara, Quezon City. Novena masses in his honor will be offered from Oct. 15 to 23. 

St. Anthony Mary Claret is a well-loved Spanish bishop and founder of the Congregation of the Missionary Sons of the Immaculate Heart of Mary, more popularly known as the Claretians.

Ordained priest in the year 1835, St. Anthony was a missionary worker, confessor, preacher, and religious writer. He authored around 200 spiritual books, the most famous of which was “The Right Way,” which was read by millions of Roman Catholics across the world. He promoted the teaching and discipline of the clergy and popularized devotion to the Blessed Sacrament, the Immaculate Heart of Mary, and the holy rosary.

Born in Catalonia, Spain on Dec. 23, 1807, he served as archbishop of Santiago in Cuba for seven years. In 1849, he founded the Missionary Sons of the Immaculate Heart of Mary, whose main apostolate was local and foreign missions. The Claretians, in the early 21st century had over 450 houses and 3100 members, with missions in five continents,

In 1842, the Vatican declared St. Anthony as an “Apostolic Missionary.” He died in 1870 and was canonized by Pope Pius XII on May 7, 1950.

The films that made it to MMFF 2022

by Stephanie Bernardino

The eight entries to the 48th Metro Manila Film Festival (MMFF) were finally announced.

The selection committee headed by veteran actress Boots Anson Rodrigo said they picked the eight films based on the following criteria – 40% for artistic excellence, 40% for commercial appeal, 10% for Filipino cultural values, and 10% for global appeal.

The final four are Nadine Lustre’s horror movie “Deleter” directed by Mik Red and produced by Viva Communications, Inc.; Noel Trinidad and Liza Lorena’s family drama “Family Matters” directed by Nuel Naval and produced by Cineko; Edu Manzano, Aljur Abrenica, and Paolo Gumabao’s action-drama “Mamasapano: Now It Can Be Told” directed by Lester Dimaranan and produced by Borracho Film Production; and Jake Cuenca, Dimples Romana’s drama “My Father, Myself” directed by Joel Lamangan and produced by 3:16 Media Network. 

The first four official entries based on script submissions were announced last July.

These are: Coco Martin and Jodi Sta. Maria’s “Labyu With An Accent” by ABS-CBN Film Productions; Vice Ganda and Ivana Alawi’s “Partners In Crime” by ABS-CBN Film Productions; Joey de Leon and Toni Gonzaga’s “The Teacher” by TEN17P; and Ian Veneracion, Heaven Peralejo, and Mon Confiado’s “Nanahimik Ang Gabi” by Rein Entertainment Productions.

With this year’s message “Balik Saya sa MMFF 2022” the Metropolitan Manila Development Authority (MMDA) and MMFF Concurrent Acting Chairman Engr. Carlo Dimayuga III urged moviegoers to support the festival, which has been part of the Filipinos’ Christmas tradition over the years.

The 48th MMFF will run from Dec. 25 to Jan. 7, 2023.