BALITANG MARINO DAILY NEWS for July 11, 2024

BALITANG MARINO DAILY NEWS for July 11, 2024

HEADLINES

Japan’s key capex gauge falls again, clouding outlook for sustainable recovery

Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

Singapore Backlog Spills Over to Malaysia Threatening More Price Increases

Panama Canal Plans to Solve its Water Woes With New Reservoir

Cargo Ship Grounds, Boxships Stopped Due to South Africa’s Bad Weather

China carrier strike group in Philippines waters, AFP confirms

DA: Price hike in select vegetables to be tempered this week

Angat’s water level keeps dropping despite rains

Trade deficit widens in May

PAF arrive in Australia for Pitch Black 2024 military exercise

4.36 million register for 2025 elections

Rains continue over most of PH today

Pinoys among those with highest ‘positive experiences’

Iconic Binibinis share advice to aspiring beauty queens

Marian Rivera says doing ‘Balota’ film brought back her fulfillment at work

Miss Earth-Air Yllana Aduana grateful for Miss FIT Philippines journey

Gilas Women end Jones Cup campaign with loss to Chinese Taipei-A

Djokovic into Wimbledon semifinal due to De Minaur injury

Derrick White joins Team USA for Paris Olympics, replaces Kawhi Leonard

Growing Your Money

FULL NEWSPAPER

INTERNATIONAL NEWS

Japan’s key capex gauge falls again, clouding outlook for sustainable recovery

TOKYO, July 11 —— Japan’s core machinery orders unexpectedly fell for a second straight month in May, government data showed on Thursday, highlighting the fragility of the economy. The slowdown in machinery orders may be a setback for the Bank of Japan’s plans to normalize monetary policy as the BOJ has embarked on unwinding its unconventional policy. It raised rates in March for the first time since 2007 and decided in June to cut government debt buying.

The volatile yet leading indicator of capital spending fell 3.2% month-on-month in May, following a 2.9% drop in April and confounding a 0.8% increase seen by analysts in a Reuters poll. The Cabinet Office, which compiles the data, cut its view on machinery orders, saying there are signs that a pick-up is stalling. The core orders exclude ship buildings and repairs as well as electricity power generation, both of which tend to volatile. Orders from overseas are also not counted as such but they are categorized as external orders, or exports. External orders make up for around 40% of overall orders, while domestic core orders account for 30%. Compared with a year earlier, core orders, regarded as an indicator of capital spending in the coming six to nine months, increased 10.8% in May. A Cabinet Office survey showed core orders grew 4.4% in January-March from the previous quarter, but they were expected to fall 1.6% in the second quarter.

Capital spending is one of a few bright spots in Japan due to demand for labor-saving technology, digital and green transformation to enhance labor productivity and cope with chronic labor shortages. The government is aiming for nominal domestic investment, including research and development, to top 100 trillion yen ($619.08 billion) by the fiscal year 2028.

Gross domestic product (GDP) data showed earlier this month that private non-residential investment fell 0.4% quarter-on-quarter, making capital spending and consumer spending the major culprits behind a sharper than expected first-quarter economic contraction.

Source: reuters.com

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Texas power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

HOUSTON, July 11 —— About 1.5 million customers remained without power in Texas, two days after Hurricane Beryl raked the state, as progress to restore electricity was slow, hampering efforts to quickly restart critical oil infrastructure. The storm made landfall as a Category 1 hurricane near the coastal town of Matagorda, about 100 miles (160 km) from Houston, lashing Texas with heavy winds that knocked down power lines and damaged property. “When you don’t have power, when it’s pitch black at night, when it’s as hot as 80 (degrees Fahrenheit/26.6 C) during the day, and you don’t have access to food you normally have, it’s a miserable situation,” Texas Lieutenant Governor Dan Patrick told a press conference in Matagorda.

About 1.3 million of the 1.5 million houses and businesses without power are customers of CenterPoint Energy (CNP.N), opens new tab, the state’s largest provider. CenterPoint said on Wednesday it had restored power, opens new tab to some 980,000 customers in the previous 24 hours, adding that it would reach 1 million re-established customers by the end of the day. In a letter to CenterPoint on Wednesday, congresswoman Sylvia Garcia said the firm’s inability to restore power more quickly was creating a public health crisis. “Hospitals are now unable to send patients home where they lack power for medical equipment or an appropriately cool environment for their conditions.”

Among Texas’ most affected zones by wind damage and lack of power were cities from Lake Jackson and Galveston on the coast to Houston, including energy hubs Freeport and Texas City, according to officials and CenterPoint’s outages map. Chemical manufacturer Olin declared force majeure over shipping of some product and aromatics, saying that Beryl had caused damage to its Freeport facilities, impacting production and access to power, raw materials, and feedstocks. “The duration of this disruption is uncertain,” it said in a statement. Also in that area, Freeport LNG, the second largest U.S. liquefied natural gas terminal, was preparing to resume processing by Thursday, two sources close to the matter said, as power was being restored. But LNG exports from the terminal are not expected to restart until the port, which is operating under restrictions, fully reopens for vessel traffic. A spokesperson for Freeport LNG told Reuters the company “intends to resume liquefaction when post-storm assessments are complete and it is safe to do so.”

PORTS, PLATFORMS REOPENING

Refineries, offshore production sites and ports saw limited damage and were largely returning to normal operations. Two refineries in Texas City, Texas, one operated by Marathon Petroleum (MPC.N), opens new tab and the other by Valero Energy Corp (VLO.N), opens new tab, were in operation on Wednesday morning, according to a Reuters eyewitness. The Port of Freeport said on Wednesday the navigation channel had reopened to vessels with drafts up to 36 feet (10 meters). The port, which moved its first ship, added that survey would determine when the channel would be cleared for operations without restrictions. “All Port Freeport entrance gates have resumed normal operating hours. Utility crews are on-site making repairs to downed power lines,” it said.

The Port of Houston said its eight public terminals had resumed operations on Tuesday for vessel operations, and on Wednesday returned to normal start times for gate operations. Houston Pilots, which provides services to ships entering or departing the port, moved 14 ships inbound on Tuesday and was expecting 25 inbound and five outbound vessels on Wednesday. At the Port of Galveston, cruise ships began to sail while cargo operations were expected to resume on Wednesday. The port, which maintains draft restrictions for vessels, experienced relatively minor damage and some power outages, said Rodger Rees, Galveston Wharves port director. “Power remains out for areas of the port and the city. Port staff is working closely with the city to get power fully restored,” the ports said on a social media update. U.S. oil producer Chevron (CVX.N), opens new tab said on Wednesday that output from its operated Gulf of Mexico assets remained at normal levels.

DAMAGES MOUNTING

Reinsurance broker Gallagher Re estimated that U.S. economic losses from Beryl would be at least $1 billion as damage assessments continue. Weather forecasting firm AccuWeather issued a preliminary estimate of $28 billion to $32 billion in U.S. damage and economic loss. State officials promised cooling stations, hospital beds and a plan to remove debris. President Joe Biden on Tuesday approved a major disaster declaration for Beryl. With local stores running out of power generators for sale, many Texans resorted to their trucks to power appliances and small equipment at home. A Ford Motor (F.N), opens new tab spokesman said the automaker saw a 1,300% increase from customers in the Houston region generating at least 1 kilowatt of power with their built-in F-150 pickup truck mobile generators.

Source: reuters.com 

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MARITIME NEWS

Singapore Backlog Spills Over to Malaysia Threatening More Price Increases

July 11 —— Asian ports both in China and Singapore have been struggling for some time with backlogs brought about by containerships diverting from normal routes through the Red Sea and now that congestion is spreading to other regional ports. New reports highlight that with the problem approaching levels seen during the pandemic in 2020 and 2021, delays are increasingly likely along with price increases for shipping and consumer goods.

Singapore-based analysts Linerlytica continue to highlight two hotspots for port congestion. One remains around China’s Shanghai/Ningbo port complexes while the other emerged around Singapore and now is spreading to neighboring Port Klang in Malaysia. While an important regional port close to the capital city of Kuala Lumpur, Bloomberg reports that it is rare for long queues of vessels to form at the port. Last year, the Port Klang Authority said the port handled over 14 million TEU.

In a new report, Bloomberg calculates there are around 20 containerships anchored off Port Klang waiting for berths. Linerlytica’s hotspot scoreboard shows Port Klang with the third highest queue-to-berth ratio (1.15) and they calculate that nearly 84,000 TEU are waiting in the anchorage. Shanghai/Ningbo has a ratio of 1.25 while Singapore has a ratio of .5 according to Linerlytica’s data. They report that there is a total of 32 ships at anchor off Port Klang compared to 28 for the much larger container operation in Singapore. Analysts told Bloomberg the congestion problems could continue at least through August. That is typically when the high season for Asian container shipping begins as retailers build inventories in advance of the end-of-year holiday sales.

Singapore officials recently highlighted that the issue is due to the ongoing diversions related to the problems in the Red Sea. They said approximately 90 percent of containerships are arriving off schedule resulting in vessel bunching. Carriers they said are increasingly using Singapore as a transshipment port with the Financial Times citing as an example a report from Maersk that it would skip two westbound sailings from China and South Korea due to congestion and delays. Singapore officials also said that containerships are spending more time on berth to rearrange loads to create greater efficiency downstream at later port calls.

The Financial Times in its reporting highlights that with Singapore connecting to 600 ports in 123 countries it influences global operations. Citing the domino effect of the congestion to neighboring ports, they warn that delays will grow. Also, with container prices already at peak levels, they cite analysts predicting capacity delays and demand will drive prices higher.

Maersk issued a report today to customers discussing what it titled the “ongoing ripple effects of Red Sea shipping disruptions.” They are advising shippers to diversify supply chains citing reports that available container capacity was down between 15 and 20 percent in the second quarter of 2024. Maersk warns that the ongoing situation has increased uncertainty for global supply chains, while extended transit times and port congestion have significantly affected reliability. Maersk highlights that “No one knows how long it will take for the effects of Red Sea shipping disruptions to ease, and how long a return to ‘normal’ could take.”

Source: maritime-executive.com

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Panama Canal Plans to Solve its Water Woes With New Reservoir

July 11 —— Thanks to a new court ruling, Panama’s government plans to future-proof the operation of the New Panama Canal against the prospect of prolonged droughts, which have slowed down commerce and caused backlogs because of competition for the limited water supply to run the locks. The Panama Canal locks depend upon freshwater from Gatun Lake in order to operate, and the larger new locks use about 50 million gallons per ship transit. In periods with little rainfall, the lake’s level declines, and Panama is forced to choose between using the water for marine commerce or using it to supply the needs of local stakeholders. The Panama Canal Authority was forced to curtail the number of daily canal transits because of this challenge in late 2023, creating congestion on the key connector between the Atlantic and Pacific basins.

The solution, according to AMP, is to add a new reservoir on the Indio River. With help from the U.S. Army Corps of Engineers, the canal authority has planned out a way to dam the Indio River and divert some of its water into Gatun Lake. The novel project has been under consideration since at least 2001, and it calls for a giant concrete-faced dam and a five-mile tunnel through a hillside to reach the canal’s main reservoir. At a cost of about $2 billion, this project could raise the traffic volume on the canal by up to 15 vessels a day – enough to maintain a constant 36-vessel tempo throughout a drought season.

A recent decision by Panama’s supreme court loosened the boundaries of the canal’s defined watershed, opening up the prospects for an expansion of reservoir capacity. On Monday, canal administrator Ricaurte Vasquez said that the project should take about six years and $1.2-1.6 billion to complete – depending on the progress of talks with local residents who would have to relocate from the reservoir zone. He said that when finished, it should provide long-sought certainty and reliability for vessel operators.

Source: maritime-executive.com

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Cargo Ship Grounds, Boxships Stopped Due to South Africa’s Bad Weather

July 11 —— Bad weather and high seas off South Africa are continuing to disrupt most shipping in the region with forecasters warning of more storms to come. Several of South Africa’s primary ports remain closed due to the high winds while an analysis shows the weather has brought container traffic to a standstill in the region. SAMSA (South African Maritime Safety Authority) also reports an urgent salvage operation is underway after an abandoned cargo ship washed ashore Tuesday night. “We have a complete stop at the Cape of Good Hope for containerships – east and west,” said Fabrice Maille, Global Head of Shipping & Agriculture at LSEG Shipping Research. Their data shows that since Monday, July 8, no containerships have been passing the Cape which they note is adding to congestion and delays due to the diversions away from the routes through the Red Sea.

Senior Weather Analyst at LSEG Isaac Hankes noted that the waves off the South Africa coast coincided with a strong cyclone that impacted the region last Sunday, July 7, along with well below normal temperatures. Large parts of the coastal region experienced strong winds and heavy rain, with Hankes noting it was similar to conditions in June. “There is another cyclone likely to impact South Africa later this week,” warns Hankes before weather patterns could begin to moderate next week. Local forecasters are also warning that damaging waves will now also be reaching the east coast around Durban.

The Panama-flagged bulker Ultra Galaxy which was abandoned early on Monday continued to be tossed about in the heavy seas after it took on a severe list. SAMSA reports one salvage tug reached the vessel on Tuesday and was monitoring the situation when the vessel went aground late last night in a remote area on the coast known as Brand se Baal north of Cape Town. A second salvage tug departed Cape Town Tuesday night heading to the area with additional crew and equipment. SAMSA is taking steps to prevent a large oil spill reporting the vessel is loaded with low-sulfur bunker fuel as well as hydraulic and other oils. They also determined that the vessel was carrying a cargo of bagged fertilizer.

South African port operator Transnet also provided an update saying that three vessels are windbound at the Cape Town Container Terminal with the port experiencing high waves since Saturday. Another four ships were scheduled to arrive on Thursday while Transnet continues to monitor the port. One vessel is also windbound at the Port Elizabeth Container Terminal. The Ngqura Container Terminal at Gqeberha has been closed with its gates locked since Sunday.

Maersk had previously warned that it was anticipating delays for its vessels. It, like most major carriers, is diverting vessels around the Cape due to the security problems for the Red Sea routes.

Source: maritime-executive.com

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PHILIPPINE NEWS      

China carrier strike group in Philippines waters, AFP confirms

MANILA, Philippines, July 11 —— The Armed Forces of the Philippines expressed concern over the reported deployment of a Chinese naval carrier strike group in Philippine waters. Reacting to a report by the United States Naval Intelligence (USNI)’s news website, the military gave assurance that it would continue to safeguard the country’s territorial waters. “The Armed Forces of the Philippines notes the deployment of a Chinese carrier strike group in the Philippine Sea with concern,” AFP spokesperson Col. Francel Margareth Padilla said in a statement.

The Chinese People’s Liberation Army Navy (PLAN) Shandong Carrier Strike Group “is now operating in the Philippine Sea, marking the first time this year that the aircraft carrier has deployed outside of the South China Sea,” according to the USNI’s report. It noted that the last deployment to the Philippine Sea was in October and November last year and that on June 26, “Shandong sailed within 230 miles of Luzon before moving back to waters near Hainan Island and subsequently conducting drills with other PLAN ships in the South China Sea.”

The USNI’s latest report dated July 9 said that a “joint PLAN-Russian Navy patrol is also currently operating in the Philippine Sea, while Russia also dispatched two corvettes on Monday for an Indo-Pacific deployment.” The presence and operation of the Chinese navy unit in the West Philippine Sea (WPS) are a concern as it again called on China to respect and uphold international law, according to the AFP. “We emphasize the importance of maintaining peace and stability in the region and urge all parties to adhere to international laws and norms, particularly the United Nations Convention on the Law of the Sea (UNCLOS),” Padilla said. “The AFP remains committed to safeguarding our maritime interests and ensuring the security of our nation’s territorial waters through continued vigilance,” she added.

China Coast Guard (CCG)’s biggest ship, which is also the largest in the world and is nicknamed The Monster because of its size, is currently in Philippine waters near Sabina (Escoda) Shoal. It was previously sighted in the vicinity of Ayungin Shoal, where the Philippine Navy’s grounded BRP Sierra Madre serves as a military outpost. Despite China’s continuing presence and harassment of Philippine vessels in the WPS, Rear Admiral Roy Vincent Trinidad, Philippine Navy spokesman for the WPS, reiterated on Tuesday that the AFP would not be deterred. “Suffice it to say that the Philippine Navy and the Armed Forces will continue their presence not only in Sabina or Escoda Shoal but all over our nine features in the WPS,” Trinidad said.

Source: philstar.com

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DA: Price hike in select vegetables to be tempered this week

MANILA, July 11 —— The Department of Agriculture (DA) assured the public that spiking prices of select vegetables will be tempered starting this week. “Ang good news dito as I mentioned, nag-start nang mag-harvest ngayon iyong Southern Tagalog Region. And ine-expect natin, unti-unti nang bababa iyong presyo in the coming days,” DA Assistant Secretary Arnel de Mesa said in an interview, referring to the harvest of tomatoes.

As of Tuesday, the prices of tomatoes in Metro Manila range from PHP140 to PHP220 per kilogram, higher than the price range two weeks ago set at PHP90/kg. to PHP160/kg. Other agricultural products with increasing prices were carrots ranging from PHP100/kg. to PHP180/kg., eggplant ranging from PHP60/kg. to PHP120/kg., and bell pepper set at PHP200/kg. to PHP350/kg., among others. De Mesa added that spiking prices would be immediately reversed considering the faster cycle in vegetable production. “Iyong presyo ng gulay parating pabagu-bago iyan, iyong presyong nakataas, they are very temporary at kapag bumalik uli iyong malaking harvest, bababa uli iyan,” he added.

De Mesa attributed the spiking prices to the harvest delay due to the changing season, not to mention the impacts of the El Niño phenomenon and Typhoon Aghon. Increasing fuel prices may have also posed an impact on the farmers’ transportation cost, especially in agricultural products being sourced from far areas like Benguet, Baguio, and Southern Tagalog, he added. “May additional na expenses kapag mahal ang gasolina. Of course, ang lalaki ng increases, PHP1 to PHP2 di ba So, that would also be the reason for the increase,” De Mesa said.

For low-land vegetables, products are sourced from Southern Tagalog, Central Luzon, Cagayan Valley, and Ilocos Region; while highland vegetables usually come from La Trinidad, Cordillera, and Southern Tagalog. Earlier, the DA said a total of PHP510.447 million in assistance will be given to 160,000 crop, livestock, and poultry farmers who own or rent machinery, including PHP3,000 worth of fuel subsidies for each farmer.

The DA eyes its distribution in August once the average monthly price of Dubai crude oil reaches USD80 per barrel, as per the requirement set under the 2024 General Appropriations Act.

Source: pna.gov.ph

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Angat’s water level keeps dropping despite rains

MANILA, Philippines, July 11 —— Heavy rains that prevailed over Luzon in the past few days failed to stop the water level in Angat Dam in Bulacan from decreasing. As of 8 a.m. yesterday, the dam’s elevation was down to 173.93 meters, or lower by 18 centimeters from its previous level of 174.11 meters. The elevation was 36.07 meters below Angat’s normal high water level of 210 and 6.07 meters below its minimum operating level of 180.

Patrick Dizon, water and sewerage management department manager at the Metropolitan Waterworks and Sewerage System, said the reduction in the water pressure for Metro Manila households would remain due to the continued drop in the reservoir’s elevation. “The cut in the water pressure will continue since Angat has yet to recover its minimum operating level (of 180 meters),” Dizon said in a text message to The STAR yesterday.

Angat supplies more than 90 percent of Metro Manila’s potable water needs and provides for the irrigation needs of 25,000 hectares of farmlands in Bulacan and Pampanga. Dizon said Maynilad Water Services Inc. informed its customers in Barangays Sauyo and Talipapa in Quezon City that a service interruption would occur from 10 p.m. tomorrow until 6 a.m. the next day, due to maintenance activities along Mindanao Avenue. Aside from Angat, the water level in six other dams in Luzon also decreased.

The elevation in Ipo Dam, also in Bulacan, dropped to 99.80 meters or down by two centimeters from its previous level of 99.82 meters. Other dams in Luzon are Ambuklao and Binga in Benguet, San Roque in Pangasinan, Magat in Isabela and Caliraya in Laguna.

Source: philstar.com

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Trade deficit widens in May

MANILA, Philippines, July 11 —— The country’s trade deficit widened in May as exports declined, while imports were nearly flat from a year ago, according to the Philippine Statistics Authority (PSA). Preliminary data released by the PSA showed the balance of trade in goods or the difference between the value of exports and imports amounted to a $4.60-billion deficit in May, 4.5 percent higher than the $4.40 billion shortfall in the same month last year. The May trade gap, however, was smaller than the $4.73 billion trade shortfall in April.

From January to May, however, the country’s trade shortfall declined by 13 percent to $20.59 billion from $23.69 billion in the same period last year as exports during the five-month period rose by 7.8 percent to $30.84 billion from $28.61 billion in the same period in 2023. Purchases of imported goods, on the other hand, declined by 1.7 percent to $51.43 billion in the first five months from $52.29 billion a year ago. For May alone, the country’s total merchandise export sales dipped by 3.1 percent to $6.33 billon from $6.53 billon in the same month last year. This is a reversal of the 27.9 percent year-on-year growth in merchandise export sales posted in April.

Electronic products posted the biggest decline in exports value, dropping by $190.23 million or 5.1 percent to $3.56 billion in May from $3.75 billion in the same month in 2023. This was followed by other mineral products, which decreased by $43.66 million in May from the same month last year and ignition wiring set and other wiring sets used in vehicles, aircraft and ships with a $29.54 million decline. The US was the biggest destination for Philippine exports of goods in May, accounting for $1.08 billion or 17 percent of the total.

The country’s imports amounted to $10.930 billion in May, down slightly from $10.933 billion in the same month a year ago. Posting the biggest decline in imports value was the transport equipment commodity group, which went down by $348.54 million in May from a year ago. Other food and live animals came in next with a $62.73 million decline in May from a year ago, followed by electronic products, which decreased $54.87 million year-on-year.

China remained the country’s biggest supplier of imported goods in May, accounting for $2.73 billion or 25 percent of the total. Total external trade in goods of the country dipped 1.2 percent to $17.26 billion in May from $17.46 billion in the same month of 2023.

Source: philstar.com

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PAF arrive in Australia for Pitch Black 2024 military exercise

July 11 —— The four fighter jets from the Philippine Air Force arrived here to participate with 20 other countries in what is considered the largest Pitch Black exercise ever. The flight of KAI FA-50PH Golden Eagle light combat aircraft and their pilots join more than 200 PAF personnel who arrived earlier via Royal Australian Air Force (RAAF) C-130 Hercules and PAF C295 transports.

This is an historic first for the PAF which sent fighter jets for the first time to the biennial multinational exercise. Previous exercises were limited to the Philippines sending observers. The Pinoy aircrews will join their counterparts that include host Australia, the United States, United Kingdom, France, Canada and Japan in a series of large and small scale training that includes Offensive Counter Air and Air Interdiction operations in a multi-national coalition environment.

After landing, the FA-50s taxied to the ramp where it parked alongside other aircraft such as the F-16 Fighting Falcon, F/A-18 Super Hornets and F-35 Lightning IIs. The Filipino pilots celebrated their participation by displaying the Philippine and Australian flags from the canopies of their aircraft. The support crew also unfurled the South Korean flag in tribute to the country that manufactured the FA-50, of which the Philippines has 12 in its inventory where they serve in roles such as strike, air defense, reconnaissance and as advanced jet trainers.

The FA-50s flew in from Patimura, Indonesia where the planes stopped yesterday due to bad weather. “This is a very important milestone for us. First of all we want to enhance our operational readiness and this commitment to regional security and stability and we want to strengthen the international collaboration, said Colonel Randy Pascua, the PAF contingent commander. “It’s a reflection of what the Philippine Air Force might learn from the other nations here and also what we will learn from the PAFas we go through the exercise we learn as well,” said RAAF Air Commodore Pete Robinson. The exercise will run from July 12 to Aug.2  

Source: gmanetwork.com

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4.36 million register for 2025 elections

MANILA, Philippines, July 11 —— The number of aspiring voters intending to participate in the May 2025 national and local elections has exceeded 4.3 million, according to the Commission on Elections. The Comelec reported that it has processed up to 4.36 million applications since voter registration resumed in February.

Among regions, Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) posted the highest number of registrants with 742,925 followed by the National Capital Region with 603,496. Central Luzon ranked third with 510,503 applicants followed by Davao region with 255,213 and Central Visayas with 230,954. The Cordilleras recorded the lowest number of applicants with 57,709 followed by Caraga with 111,075 and Mimaropa (Mindoro, Marinduque, Romblon and Palawan) with 112,103. Of the total applicants, 2.1 million are men. The voter registration will run until Sept. 30.

Comelec spokesman John Rex Laudiangco said the Cordilleras has the lowest number of aspiring voters because it also has the lowest population among regions in the country. He said most of the young Cordillerans are studying in Ilocos Norte and Cagayan Valley, where they registered as voters. “They cast their votes in these areas. They no longer go home just to vote, because it is difficult for them to travel, especially if their towns or residences are located in remote and mountainous areas,” Laudiangco said.

Source: philstar.com

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Rains continue over most of PH today

MANILA, July 11 —— Most areas in the country will continue to experience rains due to the prevailing intertropical convergence zone (ITCZ), the weather bureau said. Palawan, Occidental Mindoro, Western Visayas, Zamboanga Peninsula, BARMM, Soccsksargen, Misamis Occidental, Lanao del Norte, and Davao Occidental will experience scattered rain showers and thunderstorms.

Moderate to heavy rains in those areas could result in flash floods or landslides, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said. The ITCZ will also bring isolated rain showers or thunderstorms over Bicol Region, and the rest of Mimaropa, the Visayas, and Mindanao. Isolated rain showers or thunderstorms are forecast over Metro Manila and the rest of Luzon due to localized thunderstorms.

PAGASA said severe thunderstorms could also cause flash floods or landslides. Meanwhile, the whole archipelago will continue to experience light to moderate winds and slight to moderate seas. No low pressure area is expected to develop or enter the country until Friday, Forecaster Aldczar Aurelio said. However, scattered rain showers will continue to prevail over the western section of the country due to the ITCZ, he added.

Source: pna.gov.ph

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Pinoys among those with highest ‘positive experiences’

MANILA, Philippines, July 11 —— Despite a fraction of the population experiencing negative emotions, Filipinos continue to have the highest “positive experiences” in the world last year, according to a recent report by American analytics firm Gallup. The 2024 Gallup Global Emotions report found that 82 percent of Filipino respondents experienced “positive emotions” a day before the poll was conducted. Although down from 85 percent in 2023, which covered experiences in 2022, the Philippines was still among the top 10 countries with the highest positive emotions.

Paraguay and Panama topped the list with 86 percent, followed by Guatemala with 85 percent, Mexico and Indonesia with 84 percent, El Salvador and Costa Rica with 83 percent and Malaysia, Senegal, Philippines and Thailand with 82 percent. Countries with the lowest positive experiences were Afghanistan at 38 percent, followed by Northern Cyprus, 46 percent; Turkey, 47 percent; Lebanon, 51 percent; Yemen, 53 percent; Lithuania, 54 percent; Nepal, Ethiopia and Egypt at 55 percent and Ukraine, Sierra Leone and Bangladesh at 56 percent.

The latest report is based on almost 146,000 interviews of respondents aged 15 and above in 142 countries and areas in 2023. In terms of negative emotions, more than half or 53 percent of Filipino respondents said they felt stressed the day before, followed by worry and sadness at 34 percent, anger at 29 percent and pain at 24 percent. Gallup said the negative experience index worldwide declined for the first time since 2014.

Source: philstar.com

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ENTERTAINMENT NEWS

Iconic Binibinis share advice to aspiring beauty queens

MANILA, Philippines, July 11 —— On the red carpet, the Binibini queens were asked about their unforgettable moments in their pageant journey and the advice they could give to aspiring beauty queens. Hannah Arnold who finished Top 15 at the Miss International 2022 shared, “Gab (Basiano) and I were actually in the pandemic batch so we were in the batch that had to wear face shields and masks and we have to have a test every time we arrive. So I think it was a bit of a scary time but the Bb. Pilipinas family looked after us so well and it’s something that we will remember forever. And it’s really something that I’m gonna share with the future generations.”

“It was a ‘major, major’ unforgettable moment that up to today, I still remember,” recalled Venus. “That was crazy, yes, but maybe during that time I was questioning why those things happened. But today I realized that even the craziest things that happen in our lives, there’s a purpose for that. “So today every time that I remember the coronation night for Miss Universe, even in Binibini, there’s a lot of crazy things that happened but the Lord has a purpose for why those happened.”

Miss International 2023 third runner-up Nicole Borromeo described her Binibini journey as a “whirlwind” experience. “Because I actually moved all the way from Cebu in order to compete. I even took a break from my studies and I was surrounded by everybody speaking Tagalog which is something I wasn’t used to at that time. “But fortunately, with my team, with my camp, with the girls who are so genuine and you share the same stage together, and the experiences that you have it’s like no other, you have memories that you take with you even like moving forward. Like I can say even to this day, that I carry the values, like my values are even stronger now after competing. I feel like mentally tougher. I know how to present myself in front of people. “I’d say my journey was a little longer than the others. Because with Miss International, I had to compete a year later. So I had to be in my A-game for over a year.”

On the other hand, Shamcey shared this message to those who wish to become beauty queens, “I’ve always said this, they have to be true to themselves. They don’t have to pretend to be somebody else to be a queen. You’re a queen in your own right. So have confidence.” Gloria offered, “Enjoy the moment. Winning is a lot. I mean everybody wants to be a winner. But more than anything, it’s the memories you get during the competition. Enjoy the moment, give it all you’ve got, and no regrets. And I think now if you don’t win today, you can join again tomorrow, right. So it’s different. During my time, there was no such thing.” Pia, who joined three times in Binibining Pilipinas pageant before winning the crown, remarked, “Don’t be afraid to try again. Don’t lose strength if you don’t get your goals right away. Nakita niyo naman marami na ring sumasali ng paulit-ulit. It’s not a bad thing at all. “You actually learn so much. You grow so much as you keep joining and as you keep doing Bb. Pilipinas. So that would be my advice, to anyone, if you have a dream, fight for it.”

Michelle was thrilled to be gracing the Bb. Pilipinas event with her mom. “I was just saying outside that it’s so nice for the tables to be turned. I’m here to support ‘cause my mom has been supporting me nonstop for the last, well, all my life, actually.” The advice that she received from her mom, Melanie, when it comes to pageantry was to “really to shine as my own woman.” “And to be proud of my individuality. And make sure that the universe understands that we are not trying to be the replica of somebody else but we are trying to make a name for ourselves and leave our own legacy of course,” she added. Melanie, for her part, reminded aspiring beauty queens to “just be yourself and enjoy.” “And always think that you’re a Filipina, represent our country well.” Meanwhile, volleyball player Fifi Sharma, who was also one of the judges, told ABS-CBN News that “maybe there’s a little chance” that she might try the world of pageantry. She also said at the red carpet interview that she was excited to see Pia that night.

Source: philstar.com

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Marian Rivera says doing ‘Balota’ film brought back her fulfillment at work

July 11 —— Marian Rivera has capped off the shooting of her Cinemalaya film “Balota” and the experience has been nothing short of fulfilling. In Vonne Aquino’s report on “24 Oras,” Wednesday, the Kapuso Primetime Queen shared during the press launch of the Cinemalaya Philippine Independent Film Festival that her fulfillment for work returned after she finished doing “Balota.” “Hindi ko mapaliwanag ‘yung pakiramdam ko after kong matapos ‘yung balota, parang palagi kong sinasabi lalo na sa asawa ko na, alam mo ‘yung antagal ko sa showbiz pero parang bumalik ulit ‘yung fulfillment ko sa sarili ko sa paggawa ng trabaho,” she said.

“Balota” is among the 10 full-length films that are finalists at the upcoming 20th Cinemalaya film fest this August. Directed by award-winning filmmaker Kip Oebanda, “Balota” follows the story of a land-grabbing tycoon and a former male sexy actor who are locked in a tight race for the mayoral seat of a small town. Marian will play the role of Emmy, a teacher who serves in the election. Emmy runs into the wilderness with a ballot box, the last copy of the election results, when violence in their town erupts.

Last week, GMA Pictures dropped a gripping 15-second teaser video of “Balota.” Aside from “Balota,” the film “Lost Sabungeros” will also premiere at Cinemalaya. “Lost Sabungeros” is the first-ever investigative docu-film of GMA Public Affairs and GMA Pictures and centers on the sabungeros or cockfighting enthusiasts who have been missing since 2022. Recently, Marian was among the recipients of the Box-Office Hero award at the 7th Eddys Awards with her husband Dingdong Dantes. other recipients include Asia’s Multimedia Star Alden Richards, Kathryn Bernardo, Julia Montes, and Piolo Pacual. Marian also recently served as a judge at the Century Tuna Superbods 2024, where she delighted viewers after she gamely translated into English a question for one of the candidates.

Source: gmanetwork.com

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Miss Earth-Air Yllana Aduana grateful for Miss FIT Philippines journey

July 11 —— Reigning Miss Earth-Air Yllana Marie Aduana has now become one of the most iconic Filipino beauty queens in recent memory, and she fondly looked back on her first national title that she said helped mold her into the woman that she has become. Talking to INQUIRER.net at the sidelines of the 2024 Miss FIT (Face, Intelligence, Tone) Philippines pageant’s preliminary competition at the Music Museum in San Juan City, she said the contest is really special for her. “[This] was the pageant that really paved the way, and really opened multiple doors of opportunity for me. And this is also the pageant that paved the way for me to meet my ProMedia family (her management company), who really treated me like family, too,” said Aduana, who hosted the event.

As a competition that promotes holistic fitness, the Miss FIT Philippines is looking for a queen beyond her pretty face, emotional and intellectual intelligence, and toned physique, she said, emphasizing the pageant’s search for someone who is “holistically fit in all matters and all levels.” Sharing her journey as a candidate in the said contest, Aduana said, “I also took the platform to really share my advocacies. Back then in 2021, I shared about my story of being able to conquer bulimia nervosa. And with that platform I was able to connect myself to people, and that molded me to become a good spokesperson that I am now.”

The licensed medical laboratory scientist said she wants the title to go to a queen who is not only holistically fit but also a great representative of the Miss FIT Philippines brand, and “someone who has an edge to join the national competition in the future.” After clinching the Miss FIT Philippines crown, Aduana took part in the 2022 Binibining Pilipinas pageant, where she advanced to the Top 12, and also received the Face of Binibini award. A year after, she returned to the Miss Philippines pageant two years since her first participation, and bagged the top prize. She was later crowned Miss Earth-Air at the 2023 Miss Earth pageant held in Vietnam in December.

The new Miss FIT Philippines queen will be crowned at the culmination of the final competition at the SkyDome of SM North Edsa in Quezon City on July 11. Twenty-three candidates from all over the Philippines are competing this year.

Source: inquirer.net

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SPORTS NEWS

Gilas Women end Jones Cup campaign with loss to Chinese Taipei-A

July 11 —— GILAS Pilipinas Women wrapped up its 2024 William Jones Cup campaign with an 82-66 loss to Chinese Taipei-A in New Taipei City. The nationals fell behind early, trailing 26-10 at the end of the first quarter and never recovered from that initial onslaught by the host country. With the loss, the Philippines finished fourth among six teams in the competition with a 2-3 win-loss slate.

Japan Universiade won the championship via a 5-0 sweep of the tournament, with Chinese Taipei-A placing second with a 4-1 win-loss record, and Chinese Taipei-B at third with a 2-3 slate. Naomi Panganiban had 19 points, four rebounds, and two assists, while Afril Bernardino had 12 points and six rebounds for Gilas Women. Stephanie Berberabe contributed 12 points, as Jack Animam had eight points and nine rebounds.

The Philippines began the Jones Cup with a 73-60 loss to Chinese Taipei-B after struggling from the three-point arc, but Gilas recovered and defeated Malaysia Harimau, 74-63. Gilas Women had its best chance of at least contending for the championship slip away when it fell short in its comeback bid against Japan, 85-83, the closest loss by the eventual champion in the tournament. The Philippines was able to pick up another win in beating Thailand, 68-58, but was unable to finish the tournament with another victory when it was outclassed by Chinese Taipei-A.

The scores:

Chinese Taipei-A 82 – Lin Y.T. 15, Lin T. 14, Lin W.Y. 10, Hsu S.H. 9, Chen M.H. 9, Peng H.T. 9, Peng S.Q. 6, Han Y.E. 3, Liu H.Y. 3, Liao W.C. 2, Cho C. 2, Wang W.L. 0

Philippines 66 – Panganiban 19, Bernardino 12, Berberabe 12, Animam 8, Ramos 6, Ozar 6, Castillo 3, Nolasco 0, Pontejos 0, Bobadilla 0, Yumul 0, Pagdulagan 0.

Quarters: 26-10; 47-32; 62-49; 82-66.

Source: spin.ph

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Djokovic into Wimbledon semifinal due to De Minaur injury

July 11 —— Seven-time champion Novak Djokovic reached the Wimbledon semifinal when Alex de Minaur withdrew from their last-eight clash with a hip injury. Australian ninth seed De Minaur suffered the injury in his fourth-round win over Arthur Fils and admitted. “I am devastated to pull out due to a hip injury”. “It’s no secret that this would have been the biggest match of my career but it’s a unique injury,” said the 25-year-old. “I woke up this morning wanting to feel some sort of miracle, but there was a high risk of making the injury worse if I stepped on court. One stretch, one slide could take this from a three to six weeks’ injury to four months out.” he added.

Djokovic will be playing in his 13th Wimbledon semi-final and 49th at the Grand Slams. He will face either Taylor Fritz of the United States or Italy’s Lorenzo Musetti for a place in Sunday’s championship match.

Source: inquirer.net

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Derrick White joins Team USA for Paris Olympics, replaces Kawhi Leonard

July 11 —— Boston Celtics guard Derrick White has been named as the replacement for Kawhi Leonard on Team USA’s squad for the upcoming Paris Olympics, USA Basketball officially confirmed. Leonard opted to withdraw from the Olympic team to focus on preparing for the upcoming NBA season.

White joins the national team following a successful NBA championship campaign with the Celtics. His all-around contributions were pivotal to Boston’s title run, where he averaged 15.2 points, 5.2 assists, 4.2 rebounds, 1.2 blocks, 1.0 steals, and 2.7 three-pointers per game. Recently, the 30-year-old also secured his future with the Celtics by signing a lucrative four-year contract extension worth $125.9 million. This won’t be White’s first stint representing Team USA, as he previously competed in the FIBA World Cup in 2017, contributing 5.9 points per game as the team finished in seventh place.

Paris Olympics are scheduled to take place from July 26 to August 11. Team USA, aiming for their fifth consecutive gold medal in men’s basketball, will face Serbia, South Sudan, and Puerto Rico in the group stage.

Source: basketnews.com

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FEATURED ARTICLE

Growing Your Money

Saving money doesn’t always have to be hard work. Effortlessly increase your funds by depositing money in a savings account from each paycheck or monetary gift you receive. In exchange for opening an account and giving the financial institution money, your savings will be increased by a certain percentage every year. This percentage is called interest. The longer you leave your savings untouched, the more your money will grow.

There are a variety of methods to help you grow your money. Compound interest, the Rule of 72 and attention to detail when reviewing financial institution documents are just a few ways you can easily increase your savings. Don’t lose your hard-earned interest to penalties and financial institution fees. Read the fine print before opening an account and be mindful of fees, charges, penalties, interest limits and variable interest rates. By understanding how interest and savings accounts work, you will be more confident when making decisions about how to manage your money.

Compound Interest

Interest can build your wealth for you. For example, if you deposit $100 in a savings account that offers 6 percent interest, by the end of the year your savings will have grown to $106. Compound interest can enhance these savings even more by earning interest on interest. With compound interest, the $106 you have after the first year would earn 6 percent again the next year: $6.36, or a 36-cent increase. Add that to the total, and you would have $112.36. If you leave your money in a 6 percent interest account for 40 years, you’ll have $1,028, over ten times the original amount.

The Rule of 72

Want to double your money? Use the “Rule of 72” mathematical formula to find out how long it will take to grow your money. First, divide 72 by your account’s fixed annual interest rate. For example, if your rate is 6 percent, divide 72 by 6. At that rate, it will take 12 years to double your savings. When you think about your financial goals, the Rule of 72 can make a positive impact on your savings over time by helping you make informed decisions.

5 Tips for Saving

1. Make savings a priority. Each time you’re paid, put a portion of it toward savings. Saving money is a good habit no matter how much or how little you put away each month.

2. Automate your savings. Most financial institutions allow you to automatically transfer funds online or via mobile apps from checking to savings accounts.

3. Find money to save. Keep track of everything you spend for a week – you’ll be surprised where the money goes. Adjust your spending habits a little and suddenly, you’re saving.

4. Keep the change. Some supermarkets have machines that count your coins and give you cash in exchange for a small fee. Gather up your spare change, pour it into the kiosk and see how much your coins add up to. Instead of spending it right away, consider diverting your newfound funds to savings.

5. Cancel extra costs. Check to see if you have any old subscriptions that you’re not using anymore – whether it’s to a gym, magazine, or streaming service that you no longer use. Many services that you may no longer want could cost you hundreds of dollars per year.

Source: www.practicalmoneyskills.com

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