NEWS
POC’s suspension of PATAFA paves way for Obiena to join SEA Games
March 17, 2022 3:53 p.m.
THE Philippine Olympic Committee Executive Board suspended the national sports associations of athletics and tennis during its special meeting on Thursday, a move that opened the door for world-ranked pole vaulter Ernest John “EJ” Obiena to participate at least in the Vietnam 31st Southeast Asian Games in May.
POC president Rep. Abraham “Bambol” Tolentino said the Philippine Tennis Association was suspended for its non-compliance with an order from the International Tennis Federation to amend its charter and hold fresh elections to select a truly representative set of board members.
The Philta has been serving a two-year suspension by the ITF since late 2020 and the sanction faces extension unless the NSA complies with the world tennis body’s instruction.
The Philippine Athletics Track and Field Association, Tolentino said, was also suspended for failing to serve its purpose as an NSA, which supposedly “has the dedication and commitment toward the development of the sport, promoting the ideals of the Olympic Movement and the spirit of sportsmanship.”
“Our constitution states that POC may suspend for any reason. However, it’s transparent that PATAFA has deliberately and intentionally disregarded our basic principles of promoting sports and development,” Tolentino said.
“Unfortunately, the non-endorsement of EJ has created a national issue,” Tolentino added. “EJ Obiena, under our International Olympic Committee Charter, has two reasons to be endorsed—sports merit and inspiration to the youth.”
Tolentino said that despite sincere efforts by Obiena to mediate, “PATAFA prioritized its pride, and it saddens [me] to look closely on a chance slowly gripping away. They have withheld an opportunity of the Filipino people to have another world record.”
PATAFA denied Obiena’s request that he be endorsed to the world indoor championships that start Friday in Belgrade as well as to the Vietnam SEA Games, Eugene (Oregon) world championships in July and Hangzhou (China) Asian Games in September.
“The time is clearly now for EJ who is mentally and physically prepared,” Tolentino said. “We are in a reachable milestone within our grasp.”
The suspension will be effective for 90 days and will be ratified by the POC General Assembly during its regular meeting on March 30. If ratified, PATAFA will not have any authority over the national athletics team to the SEA Games, giving Obiena a chance to defend his gold medal in Vietnam.
But Tolentino said both suspensions could be dismissed sooner than their terms.
“If PHILTA complies with the ITF order, and the ITF accepts PHILTA’s compliance, the suspension of the tennis association will be lifted immediately,” he said.
For the PATAFA, it looked simpler.
“If the PSC’s mediation effort over PATAFA and EJ [Obiena] is completed and ironed out, its suspension will also be lifted,” said Tolentino, adding a separate resolution on the automatic lifting of the suspensions were also forged by the board.
Nine members of the board voted for the suspension, while two—Charlie Ho (netball) and Cynthia Carrion-Norton (gymnastics) abstained. POC Chairman Steve Hontiveros and International Olympic Committee Representative to the Philippines Mikee Cojuangco-Jaworski were absent from the special board meeting.
The suspensions will give the POC direct supervision over PHILTA and PATAFA’s national athletes—including Obiena—coaches and sporting officials, while financial matters will be under the control of the Philippine Sports Commission.
“These suspensions are actually not a landmark decision by the POC,” Tolentino said. “We have at least two precedents when similar athlete-NSA issues rocked Philippine sports in the past.”
Former Asian sprint queen De vega was endorsed by the POC, then under the late Gov. Jose Sering, for her participation in the Asean Cup.
The late Leopoldo Serantes, Tolentino said, could not have clinched a boxing bronze medal at the 1988 Seoul Olympics if the POC didn’t endorse his participation. The boxing association at that time was experiencing leadership intramurals between Roilo Golez and Mel Lopez.
The suspensions were meted a day after Senator Pia Cayetano led the filing of a motion to cite the PATAFA in contempt for disobeying the Senate Committee on Sports’ order for PATAFA’s to amicably settle its differences with Obiena.
The contempt charges also stemmed from the PATAFA filing a case against Obiena and the POC with the Court of Arbitration for Sport. PATAFA filed the case with the CAS four days after it agreed to undergo mediation during a Senate hearing on February 7.
“PATAFA filed a case before the CAS in Switzerland. This is an act of bad faith, as PATAFA practically and effectively closed any possibility of amicable settlement with Obiena,” Cayetano said.
NEWS
SCG prioritizes efficiency, sustainable growth in Q3, 9M/2024 report
1:41 p.m. December 11, 2024
SCG (Siam Cement Group) reported a slight revenue increase to 609.9 billion PHP in the first nine months of 2024.
However, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization, including dividends received from associates) amounted to 38,768 MB, a 10% decrease from the same period last year.
The company projects a three percent revenue increase for 2024 despite global economic turbulence, petrochemical downturn, geopolitical tensions, heightened domestic competition, and currency fluctuations.
To navigate these challenges, SCG is implementing cost-cutting measures, including a $144 million reduction by 2025 and a $287 million working capital decrease by Q1/2025.
The company is also streamlining operations, discontinuing unprofitable ventures like SCG Express and OITOLABS India, and exploring potential asset divestments.
To enhance efficiency, SCG is increasing alternative fuel usage in Thai cement plants and automating tile production.
While facing headwinds, SCG remains committed to its ASEAN expansion, with Vietnam and Indonesia driving 10% sales growth in the past nine months.
In the long term, green initiatives and Inclusive Green Growth approach present business opportunities and advantages.
Therefore, SCG is accelerating its investment in the Long Son Petrochemicals ethane project, allocating $700 million to reduce costs and boost global competitiveness. This move aligns with the company’s long-term commitment to green initiatives and Inclusive Green Growth, contributing to lower carbon dioxide emissions.
Additionally, SCG is driving innovation with its Generation 2 Low Carbon Cement, which has seen an 86% replacement rate, and expanding its SCGC GREEN POLYMER™ brand.
Meanwhile, SCG Chemicals faces ongoing challenges from global economic conditions and industry headwinds.
The company is investing $700 million to upgrade its LSP plant to utilize cost-effective U.S. ethane and mitigate possible challenges. The LSP plant has temporarily halted operations due to market conditions.
“For businesses, adapting to climate-related regulations is essential. Beyond our collaboration with the Federation of Thai Industries on the Go Together project to enhance SMEs’ capabilities through eco-friendly innovation and technology, SCG has launched the NET ZERO Accelerator Program (NZAP) for small and medium enterprises, as well as young government executives. This program aims to equip participants with knowledge of public policies, trade mechanisms, and access to low-carbon business financing with the goal of reducing costs, increasing profitability, and fostering a green industry alongside a transition to a low-carbon society,” said Thammasak Sethaudom, President and CEO of SCG.
SCG Green Polymer™ continues to gain traction, with recent partnerships yielding eco-friendly packaging solutions.
The company is also advancing 3D printing technology in construction, collaborating with Samsung E&A to develop innovative solutions for the global market.
SCG’s cement and construction businesses are experiencing mixed results. While government infrastructure projects drive growth, the domestic market remains sluggish. The company focuses on sustainable solutions, such as low-carbon concrete and eco-friendly housing products.
For Distribution and Retail, the company aims to expand its retail footprint in Indonesia, mainly through Mitra10 stores. It also invests in digital platforms like Q-Chang to enhance home services.
SCG Smart Living is innovating in landscape decoration and promoting prefabricated solutions for efficient construction. SCG Decor is reducing costs and expanding its market in Vietnam, while SCG Cleanergy focuses on clean energy solutions and innovative grid technologies.
SCG is actively growing its consumer packaging and medical supplies businesses. The company also prioritizes cost management, operational efficiency, and sustainable practices. SCG’s ASEAN operations, particularly in Vietnam and Indonesia, drive significant growth. The company remains committed to social responsibility, supporting communities through scholarships and disaster relief initiatives.
NEWS
Atayde named Siklab’s Trailblazer of the Year awardee
3:49 p.m. December 4, 2024
FOR putting premium on grassroots sports development, Quezon City first district Rep. Juan Carlos “Arjo” Atayde will be honored with the Trailblazer of the Year award in the Nickel Asia Corporation Siklab Youth Sports Awards 2024 on Thursday at the Market! Market! Activity Center, Ayala Malls BGC in Taguig City.
Atayde’s efforts as a prime mover of the Youth Football League (YFL) will be recognized as well as for establishing the D1 basketball and volleyball leagues for the youth in Quezon City’s first district, where tournaments are shown live on Facebook everyday to inspire more kids to get into sports.
The QC District 1 Warriors, the team formed and supported by Atayde, crowned themselves champions of the 2024 CLS Cup in Indonesia last June after beating ACBA Tigers Sydney in the final.
The actor-lawmaker is also a staunch supporter of the QCSEP fencing team of City Councilor Joseph Juico that produced the likes of Paris Olympian Samantha Catantan, while giving life-changing opportunities through the YFL with his uncle YFL president Mike Atayde in discovering and developing 18-and-under talents through the years.
Organized by the Philippine Sports Commission-Philippine Paralympic Committee-Philippine Olympic Committee Media Group, the Siklab Youth Sports Awards’ Trailblazer of the year plum is awarded to outstanding individuals who promote quality grassroots sports development that created massive impact to the sporting community.
Three more special awards will be presented to Olympic boxing medalist Nesthy Petecio as this year’s Sports Idol, longtime sports manager Agapito “Terry” Capistrano as Godfather of the Year and noted youth sports supporter Senator Christopher Lawrence “Bong’’ Go as the recipient of the Lifetime Achievement Award.
A total of 80 youth and junior athletes from 37 sports will be recognized in the fourth edition of the awards night supported by Nickel Asia Corporation, Philippine Sports Commission, Philippine Olympic Committee, MVP Sports Foundation, CEL Logistics, Go For Gold, Barley + WHEATGRASS Entrepro, Pacquiao Coffee, Milo, San Miguel Corporation, PLDT and powered by Smart.
World junior champions Tachiana Mangin of taekwondo, weightlifters Angeline Colonia and Lovely Inan headline the Young Heroes Awards together with 2024 US Junior Girls champion Rianne Mikhaela Malixi of golf and wushu’s Alexander Gabriel Delos Reyes.
Joining them are Asian junior gymnastics gold medalist Karl Eldrew Yulo, world youth champion Isabella Butler of ju-jitsu, Asian age-group swimming gold medalist Jamesray Mishael Ajido and table tennis youth champion Kheith Rhynne Cruz.
Muay thai world champions Janbrix Ramiscal and Lyre Anie Ngina, chess Olympiad gold medalist Ruelle Canino will likewise be honored in the Super Kids Award category.
Three-time jiu-jitsu world champion Aleia Aielle Aguilar, Palarong Pambansa multiple gold medalists Albert Jose Amaro II (seven golds) of swimming, Mitchloni Dinauanao and Francis Dave Sombal (five golds each) of dancesports will banner the Rising Stars Award category.
Also leading the list are world youth muay champion Royeth Rosa, fencers Yuna Canlas, Willa Galvez, Hagia Del Castillo and Nicol Amethyst Canlas along with golfers Francesca Nicole Gaisano Gan, Geoffrey Drew Ong Tan, swimmer Behrouz Mohammad Mojdeh and figure skater Dawn Jasmine Gothong.
Thirty awardees have been lined up in the Youth Heroes Award including Ana Bhianca Espenilla (athletics), John Andre Aguja (cycling), JR Pandi (badminton), Brandon Sanchez (baseball), Kieffer Alas (basketball), Marc Dylan Custodio (bowling), Nick Anjelo Payla (boxing) and Naina Dominique Tagle (archery), Gavin Moses Bangayan Ti (obstacle course racing), Micaela Jasmine Mojdeh (swimming), Jonathan Reyes (squash), Jeniva Consigna (sambo) and Joseph Godbout (modern pentathlon).
Meanwhile, Ella Olaso (wrestling), Danielle Escolano (bowling), Xian Baguhin (boxing) Elaiza Yulo (gymnastics), Sebastien Mañalac (karate), Julia Claret Bintulan (karate), Zyche Mae Cruz Jizmundo (pencak silat), Shai Nitura (volleyball), Mariam Grace Balisme (wrestling), Paul Sondrei Capinig (wrestling), Andreas Lucho Aguilar (wrestling), Johanna Jeiel Barbero (wushu), Mark John Lazo (wushu), Carlstein Jade Dulay (sailing), Josa Gonzales (sailing), Marvin Mandac (cycling) and Thirdy Mana-ay (cycling) complete the roster for the Super Kids accolade.
NEWS
Shop local at DTI’s Christmas Village Fair in SM Megamall’s Megatrade Hall
3:36 p.m. December 4, 2024
Celebrate the holidays at the Department of Trade and Industry (DTI)-Bagong Pilipinas Christmas Village Fair at SM Megamall’s Megatrade Halls 2 and 3, happening from November 30 to December 4.
Discover unique gifts, festive treats, and handcrafted treasures created by talented local entrepreneurs. Shop local and make this Christmas truly special!
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