TLatest data from the Treasury showed the government’s outstanding debt as of end-September rose by 11.4 percent to P15.89 tril-
lion from P14.268 trillion in the same period a year ago.
RIMMING government regulations and processes is a “game changer” that will allow the Philippines to grow faster, according to a World Bank economist.
Gonzalo Varela, the World Bank Group’s lead economist, noted that redundancies in government processes tend to discourage investments as it increases the cost of doing business.
“You need 340 government processes to set up an inland solar project in the Philippines. Half of those are repeats, are duplicates; often dupli-
cates between di erent agencies or duplicates between local government and national government,” Varela said during the 2024 Ease of Doing Business Convention organized by the Anti-Red Tape Authority (ARTA).
“What this does is it discourages investments. It increases the cost of doing business in that sector. But it does something that is even more important, that is it reduces any incentive that any foreign player may want to have to come and invest in the Philippines because to deal with all these complexities, incumbents can be better because they know how the system works,” he added.
He said foreigners, particularly new investors that want to set up shop in the Philippines will take into consideration these complex rules in their business decisions.
“And I would say I’m going to want to invest somewhere else, because I have that option, right? So, this is a key development challenge that can be a game changer for growth,” Varela said.
For his part, Guillermo M. Luz, chairman of the Advisory Council of the Asian Institute of Management’s Rizalino S. Navarro Policy Center for Competitiveness (AIM-RSNPCC), said at the same forum that the Philippines has some 22,000 laws. “I bet if we cut 50 percent of it, we’d probably be
Growth...
Comelec approves lowest ballot-shading norm ever
T“To
Ang pondo ng PhilHealth ay para sa Health!” Go reiterated, emphasizing that these funds are essential for meeting the medical needs of Filipinos, particularly the underprivileged.
While appreciative of the TRO, Go stressed that this is merely a step in his ongoing e orts to ensure that PhilHealth fully delivers on its commitments to Filipinos.
“But our campaign for our people’s health and welfare does not end here. I will not stop until
HE Commission on Elections En Banc approved on Wednesday a new ballot-shading threshold of just 15 percent for the upcoming midterm polls, the lowest in Philippine election history.
According to Comelec Chairman George Garcia, the poll body wants to emphaisze the “intention” of the voters and prevent them from being disenfranchised.
PhilHealth delivers on all its promises,” he said. These include, he said, improvements in the case rates and bene t packages; lowering of premium contribution; coverage for emergency and preventive care; dental and visual care, free medicines and assistive devices and other health needs of the poor. Go also pressed for reforms in the “outdated” policies beisdes the 24-hour con nement rule and single period of con nement policy.
Petitioners laud TRO MEANWHILE, petitioners questioning the constitutionality of the transfer of P89.9 billion worth of unused PhilHealth funds to the National Treasury
“’ Yung mga kababayan natin, huwag matakot kung halimbawa ay tingin nila ‘bakit tuldok lang ’yung nalagay
welcome the Supreme Court’s TRO to prevent further transfers.
The TRO will prevent the last tranche of P29.9 billion from being transferred from PhilHealth to the National Treasury this November.
This tranche was originally scheduled to be transferred in May 2025 but was set earlier by the Department of Finance and/or PhilHealth, they noted.
“A TRO is generally issued only if the matter involved is of such extreme urgency that grave injustice and irreparable injury will arise if it is not issued immediately [Abundo v. Manio Jr., 1999].
The petitioners thus requested a TRO, arguing that the government’s diversion of members’ premi-
ko?’ Mabibilang po ’yan so long as it is more or less 15 percent ng kabuuang bilog,” he added. (To our fellow citizens, don’t be afraid if, for example, you think, ‘Why did I only put a dot?’ at can be counted as long as it is more or less 15 percent of the entire circle.)
Comelec said the lower threshold aims to avoid common issues with ballot reading, as seen in past elections where improperly shaded ballots were rejected by the automated counting machines (ACMs).
In preparation, the commission’s project management office tested various ballots to ensure that the ACMs would reliably recognize the new 15 percent threshold. Despite this accommodation, Garcia encour-
ums will cause irreparable injury to PhilHealth members. The 89.9 billion worth of unused funds, if used for premium relief or expansion of members’ bene ts as per Section 11 of RA 11223, would have greatly reduced out-of-pocket spending and would have also alleviated the plight of the Philhealth members, especially the marginalized,” said petitioners led by Minority Leader Aquilino Pimentel III.
Joining him in the petition were Ernesto Ofracio, Junice Melgar, Cielo Magno, Minguita Padilla, Dante Gatmaytan, Ibarra Gutierrez, Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO), Public Services Labor Independent Confederation Foundation Inc. (PSLINK) and Philippine Medical Association (PMA).
aged voters to fully shade the circle next to their chosen candidate’s name.
“ e circle is very small, so it’s easy to accomplish. Don’t worry if you go over the circle; it will still be readable,” Garcia said, speaking in Filipino.
Fewer election disputes?
WHILE the new threshold ensures a more inclusive voting process, Garcia said that this would not likely stop election disputes which he described as a “part of the process.”
Nonetheless, Garcia expressed hope that the changes Comelec made will help build public trust in the country’s election system.
“Sana po, alam niyo po napaka dami na naming nilagay na feature to verify kung tama ba ang balota o makina, ay mapag-isipan ng lahat na pagkatiwalaan ang ating proseso,” the poll chief added. (I hope you know that we have included many features to verify if the ballot or machine is correct, and I hope everyone can consider trusting our process.)
Disputes over ballot-shading accuracy have been common in recent Philippine elections.
One of the most notable cases was the 2016 vice presidential recount between President Ferdinand Marcos Jr. and Leni Robredo, where disagreements about the required shading threshold became a major issue.
which will add up to the outstanding debt stock. However, some government securities maturing in October 2024 and the seasonally lower borrowings towards the end of the year will help temper the rise in additional borrowings.
“For as long as the national government debt-to-GDP
and for the coming generations,” he added.
against
or
QuadCom sets hearing for ‘drug war bagman’
By Jovee Marie N. dela Cruz @joveemarie
THE House Quad Commit -
tee has scheduled a hearing next week to question former Palace aide Irmina “Muking” Espino regarding her alleged role in a cash reward scheme linked to the Duterte administration’s war on drugs.
Espino, who previously denied involvement in the alleged payouts during a Senate appearance, now faces potential contempt charges if she fails to attend the November 6 hearing.
“Most likely, she’ll attend since she knows the procedure—first is an invitation, followed by a
show cause order, then contempt if needed,” said Laguna Rep. Dan Fernandez, co-chairman of the QuadCom.
Espino, identified by former Philippine Charity Sweepstakes Office (PCSO) General Manager Royina Garma as a member of the staff of then presidential assistant and now Sen. Christopher Go, is accused of managing cash rewards distributed to police officers for killing drug suspects.
The QuadCom has already issued a show cause order to Espino and five others named in Garma’s testimony, which claims a reward system was central to Duterte’s anti-drug operations.
The panel directed Espino to explain why she should not be cited for contempt after she failed to attend the committee’s October 22 hearing, despite a prior invitation.
Espino was previously reported to have worked in Go’s office at Davao City Hall during Duterte’s tenure as mayor, later continuing with him at Malacañang as
an assistant secretary when Go became special assistant to the president. She later served as undersecretary until Duterte’s term ended in 2022.
Last Monday, Espino appeared at the Senate inquiry into the Duterte administration’s drug war.
Denial
SHE refuted claims of being a “disbursing officer” in the financial operations tied to the drug war, asserting that her role was limited to providing office supplies, equipment, and gasoline to precinct commanders across Davao City.
In her testimony, Garma alleged that the Duterte administration’s anti-drug operations were structured around a reward system incentivizing policemen to target individuals on a government “drug list.”
Garma detailed that cash rewards ranged from P20,000 to P1 million based on the target, with compensation reserved for killings rather than arrests. She described
the program as a direct extension of Duterte’s local approach as Davao City mayor.
Garma further testified that shortly after Duterte’s 2016 presidential win, he tasked her with recommending a police officer to lead a national drug crackdown.
She suggested Police Col. Edilberto Leonardo, then head of the National Police’s Criminal Investigation and Detection Group (CIDG) in Region 11, who later established a task force managing intelligence and overseeing operations in coordination with Duterte’s senior aides.
She noted that officers received financial compensation only when suspects were killed, while arrests, though part of the operation, did not come with the same monetary reward.
Early days
RECALLING the early days of the campaign, Garma said that shortly after Duterte’s election as president in May 2016, he asked her to find a
Public told to be careful during Undas holidays
By Rex Anthony Naval
AS the majority of Filipinos visit their departed loved ones at the cemeteries in the coming All Saints Day holidays, Interior and Local GovernmentSecretary
Juanito Victor “Jonvic” Remulla reminded the public to exert utmost caution to prevent being victimized by criminal elements.
“As we commemorate and pray for the souls of our departed loved ones, the Depart -
ment of the Interior and Local Government urges the public to practice vigilance against criminals and scammers who take advantage of big crowds in cemeteries,” Remulla added.
This as the DILG joins the nation in the observance of a peaceful, orderly and meaningful All Saints Day and All Souls Day on November 1 and 2.
“We also appeal for the public’s cooperation in observing proper protocols in cemeteries against consumption of alcoholic
police officer capable of implementing the war on drugs nationwide.
She recommended her upperclassman, Leonardo, who at the time was chief of the National Police’s Criminal Investigation and Detection Group (CIDG) in Region 11 and later became a central organizer in the campaign.
Upon taking on the role, Leonardo reportedly assembled a task force of operatives charged with gathering intelligence on drug suspects, verifying information, and managing police operations.
According to Garma, Leonardo established a system where rewards were dispensed for killings, with all reports and decisions routed through him.
Key to Garma’s testimony was the figure of “Muking,” later identified as Espino, whom she alleged managed substantial cash flows in the operation.
Garma said she connected Espino with Leonardo after the latter requested his contact information.
beverages, gambling, and instigating all forms of disturbances,” Remulla said.
In line with this, the DILG chief said he is encouraging all local governments to convene their respective peace and order councils and adequately prepare and ensure the safety and security of the people who will flock to cemeteries, memorial parks, and churches.
“They are also expected to mobilize and deploy traffic enforcers, barangay tanods, Barangay Peacekeeping Action Teams
[BPATs], medical personnel, and other force multipliers within the vicinity of the said places,” he added. Remulla said that the National Police will deploying more than 27,000 personnel nationwide to heighten police visibility and provide assistance and security. He added that the Bureau of Fire Protection (BFP) and the Bureau of Jail Management and Penology (BJMP) are also expected to provide assistance to their respective local governments and the police in addressing other public safety concerns and responding to emergencies.
TRIPOLOGIE AND CARAVEL: A NEW ERA IN TRAVELWARE BY JAKE BROS, INC.
JAKE Bros, Inc., a longstanding leader in travelware, unveils a refreshed vision in 2024 that brings together the reliability of Tripologie with the sophisticated elegance of its new concept store, Caravel. This dual approach redefines what it means to travel well, providing essential options for every kind of journey, from daily commutes to grand adventures.
Tripologie’s rebrand breathes new life into travel essentials, while Caravel introduces a high-end experience that embodies the spirit of luxurious exploration. Together, these two distinct brands create a holistic offering in the travel retail landscape, each appealing to different facets of the modern traveler’s journey.
Tripologie: A Refreshed
Look at Everyday Travel
Since 2011, Tripologie has been a trusted name for those seeking quality travelware that combines practicality with inspiration. This rebrand goes beyond aesthetics to deliver a lifestyle-oriented approach,
inviting customers to view travel as an experience filled with possibility. Located in key spots like the 3rd floor of One Ayala and the UGF B level of Gateway Mall 2, Tripologie’s updated stores welcome customers to discover products that fit seamlessly into their unique travel style.
The Tripologie experience is guided by a simple philosophy: travel is not just about moving from point A to B—it’s about the journey itself. With brands like Thule, Wenger, and National Geographic, Tripologie curates items known for durability, comfort, and style, giving every traveler access to reliable gear that enhances their trips, whether local or abroad.
The store layout is designed to encourage exploration, and knowledgeable staff offer personalized recommendations, helping customers find products that are both functional and inspiring. Tripologie’s refreshed approach is about making each journey feel effortless, meaningful, and uniquely tailored.
Caravel: Introducing a New Standard in Luxury Travelware
Alongside Tripologie’s reimagined look, Jake Bros, Inc. debuts Caravel, a highend concept store developed in collaboration with French designers. Inspired by the
historic caravel ship—a symbol of exploration and discovery— Caravel brings a new level of elegance to travelware.
Positioned on the 4th floor of Podium Mall and the 2nd floor of GH Mall, Caravel serves as a destination for travelers who value quality, refinement, and sophistication.
Every product in Caravel’s collection has been thoughtfully curated from premium brands like Bric’s Milano, Porsche Design, and Thule, all known for combining exquisite craftsmanship with robust functionality. Caravel believes that travelware should feel as good as it looks; each item, from
luxurious carry-ons to finely crafted accessories, is selected to transform the journey into a seamless blend of style and practicality. This attention to detail reflects Caravel’s philosophy: true luxury lies in enhancing the travel experience, making it smooth, purposeful, and pleasurable.
Caravel’s mission is to serve the modern, sophisticated explorer who views travel as an extension of their lifestyle. The store design invites customers to immerse themselves in a world where elegance meets utility, supported by a team dedicated to helping customers select items that align with
their needs and aspirations. Caravel’s approach is all about making high-end travel gear accessible yet exclusive, offering products that elevate each journey and turn the act of travel into an art form.
Two Brands, One Vision:
A Comprehensive Travel Experience
Together, Tripologie and Caravel represent Jake Bros, Inc.’s commitment to providing travelware for every type of explorer. Tripologie empowers travelers with functional, reliable essentials, catering to the everyday adventurer who values practicality without compromising on style. Meanwhile, Caravel invites those with a refined eye for luxury to experience travel on a grander scale, where each piece of luggage or accessory enhances the journey’s sophistication and joy. This dual offering creates a unique ecosystem within the travelware market, appealing to travelers of all kinds.
Whether through Tripologie’s accessible, dependable essentials or Caravel’s artful, premium selections, Jake Bros, Inc. equips travelers with the gear that suits their needs and enriches their experiences. With Tripologie and Caravel, every journey becomes a chance to explore the world with confidence, comfort, and elegance—an invitation to embrace the adventure, no matter the destination.
PHL braces for impact as Leon intensifies into super typhoon
By Jonathan L. Mayuga
@jonlmayuga & Samuel Medenilla
P@sam_medenilla
RESIDENT Marcos said on Wednesday the government is bracing for the impact of Typhoon Leon as it continued to batter Luzon and induce heavy rainfall over the affected areas.
Marcos made the remark as Leon further intensifiedm packing maximum sustained winds of 185 kilometers per hour (kph) near the center and gusts of up to 230 kph as it moved closer to Batanes on Wednesday afternoon.
Marcos said local governments, including Laguna, are still reeling from the effects of Severe Tropical Storm (STS) Kristine (international name: Trami) that battered many areas last week.
“The Province of Laguna Governor Ramil Hernandez who has been working very hard over the past couple of days to try and do
what we can for all of those victims of Kristine,” Marcos said in introducing Hernandez during the opening of the Maersk Optimus Distribution Center in Calamba City, Laguna, on Wednesday. “Unfortunately, it appears there is another upcoming [weather disturbance] so let’s “prepare for it well,” he added.
Preemptive evacuation
THE Office of Civil Defense administrator, Defense Undersecretrary Ariel Nepomuceno, said measures have been taken in preparation for Leon’s worst impact, including coordination with concerned government agencies for the replenishment of all food and non-food relief items, including water; readiness of more than 1,200 rescue teams; providing the necessary advisories to the public; and ensuring communication lines are available. It also includes the evacuation of 2,951 families or 8,771 individuals in the Ilocos Region, Cagayan
Valley and Central Luzon.
He said for the Bicol Region, 40,249 families or 161,768 persons are still in evacuation centers owing to the flooding caused by Kristine.
“We are always assuming the worst-case scenario for purposes of preparations,”Nepomuceno said.
The state weather bureau warned of possible flooding or landslides due to intense, at times, torrential rains and strong winds, which pose moderate to severe threats to lives and properties in the areas of Central Luzon, the rest of Ilocos Region, the rest of Cagayan Valley, and the rest of Cordillera Administrative Region
Super Typhoon Leon THE Philippine Atmospheric Geophysical and Astronomical Services Administration (Pagasa) said Super Typhoon Leon continued to move closer to Batanes.
In its 2:00 p.m. Tropical Cyclone Bulletin on Wednesday, the state weather bureau said the eye of the center of the super typhoon is 310 km east of Calayan, Cagayan. It is moving northwestward at 15 kmh and is packing maximum sustained winds of 185 kmh near the center and gustiness of up to 230 kmh.
Leon is forecast to move northwestward over the Philippine Sea until it makes landfall along the eastern coast of Taiwan on Thursday afternoon.
Pagasa said that after crossing the landmass of Taiwan, Leon would then turn north-northwestward to northeastward over the Taiwan Strait towards the East China Sea and exit the Philippine Area of Responsibility tomorrow evening or Friday early morning (1 November). A second landfall over mainland China is not ruled out during this period.
It said Leon would be closest to Batanes from late evening on
Laymanize typhoon data local disaster, officials told
By Rex Anthony Naval
THE Office of Civil Defense (OCD) administrator, Undersecretary Ariel Nepomuceno, has directed
all local disaster officials to localize and laymanize the data being given to them by national government agencies for a more effective information dissemination of important typhoon updates.
This is part of efforts to further beef up the preparations for these kinds of weather disturbances.
“I see a gap [in] local [information] dissemination,” Nepomuceno said in a pre-
disaster risk assessment on Tuesday afternoon.
The OCD chief issued the statement amid feedback on the transmission of vital information about Severe Tropical Storm Kristine which
Wednesday to early Thursday morning. A landfall in Batanes is also not ruled out.
“This super typhoon will be near or at peak intensity during its closest point of approach to Batanes. The landfall of Leon over Taiwan will result in a continuous weakening trend for the rest of the forecast period,” the state weather bureau added.
Typhoon Signal 4 was raised over Batanes as Leon moved closer to the province, the state weather bureau said Wednesday afternoon as it added that winds of 118 to 184 kmh are expected in Batanes in the next 12 hours that could pose “significant to severe threat to life and property.”
Meanwhile, “the hoisting of Wind Signal 5, is also not ruled out should Leon move to the left of its forecast track,” Pagasa said. Signal 3 was hoisted over the eastern portion of Babuyan Islands (Babuyan Islands, Camiguin Islands, Calayan Islands).
battered many areas in the country last week.
Kristine toll: 145 dead, 115 injured THE number of casualties caused by Severe Tropical Storm Kristine continued to increase, with the numbers peaking at 145 persons dead, 115 injured, and 37 others still missing, the National Disaster Risk Reduction and Management Council (NCDRRMC) said. The fatalities are from Regions 5 (Bicol) and 4A (Calabarzon) and were mostly attributed to drowning, landslides, and other typhoon-linked incidents. Kristine, which left a swathe of death and destruction, caused severe flooding in Luzon, with Calabarzon and the Bicol Region being the hardest-hit areas. According to the NDRRMC, a total of 1,788,630 families or 7,033,922 persons in 10,948 barangays in 921 cities and towns in 82 provinces nationwide were affected. A total of 111,117 houses were damaged, with a combined worth of P40,926,220, the NDRRMC reported.
“Let’s take on the challenge. Let’s tap the capability of regional officials to translate important data to the local dialects in order to make them more practical, understandable and meaningful to the communities and to the decision-makers such as the local government unit,” Nepomuceno said. He also sought the immediate cascading of advisories to the local governments as well as to media outlets.
See “Typhoon,” A8
October 31, 2024
Pandemic Fund grants $24.9-M loan to PHL
TBy Ada Pelonia @adapelonia
HE Philippines secured a $24.9 million grant from The Pandemic Fund set to boost the country’s health systems, according to the Food and Agricultural Organization of the United Nations (FAO).
In an opinion piece, FAO Representative in the Philippines Lionel Dabbadie said the grant under the “Resilient Philippines” project would bolster disease surveillance and early warning systems while also strengthening laboratory networks and cross-sectoral collaboration.
boundary Animal Diseases (Ectad) of the FAO.
“This success is very timely for the Philippines, a country topping the World Risk Index for the third consecutive year,” he said.
Dabbadie noted the emergence and re-emergence of transboundary animal diseases and zoonoses brought by the rapid decline in biodiversity owing to deforestation, ecosystem destruction, and habitat loss.
a framework that recognizes the interconnectedness of human, animal, and environmental health.
“It is crucial because diseases don’t respect borders—whether geographical, species, or ecological,” he said.
of public health and sustainable agricultural practices.
building long-term pandemic resilience and health security.
“With FAO’s leadership in sustainable agriculture, and the World Bank’s strategic investments support, this partnership has also created a powerful synergy, culminating in the awarding of the grant to the consortium.”
Dabbadie said the country’s proposal stood out in this year’s competitive funding round through the joint efforts of various government agencies and key stakeholders.
Typhoon. . .
Continued from A7
These include the Department of Agriculture (DA), Department of Health (DOH), Department of Finance (DoF), the World Bank, and the Emergency Centre for Trans -
Meanwhile, Nepomuceno has also requested the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) to immediately and continuously inform the OCD on any unusual or red flag advisories.
In line with this, the OCD chief also urged local governments to make the most of the geohazard maps provided by the Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources for improved disaster management.
He also mentioned “a hidden yet growing threat” from the misuse of anti-microbials which fueled the rise of antimicrobial resistance (AMR) that “continues to advance unnoticed until its devastating effects are felt, compounding food security risks and socioeconomic challenges.”
According to Dabbadie, the project would mark a pivotal step in “fully implementing” the One Health approach in the country,
He added that these maps are distributed to governors, mayors, and local disaster officials to enhance their preparedness for disasters.
The maps identify areas vulnerable to geological hazards such as landslides and floods.
“They should be able to translate warnings into actionable responses,” Nepomuceno stated. “We can use these maps to protect lives and minimize property damage.”
The civil defense chief underscored the importance of incorporating these geohazard maps, which are available online through the MGB website, into local disaster management plans.
“By fostering collaboration across sectors, from agriculture to health and environmental management, One Health approach helps to better detect, prevent, and respond to health threats like zoonoses, antimicrobial resistance, and transboundary animal diseases.”
‘Collective achievement’
DABBADIE said the grant was also a collective achievement and a testament to the power of collaboration.
He added that through building on the shared expertise of its national stakeholders, the country harnessed the mutual enrichment
Dabbadie explained that the Pandemic Fund was launched in 2022 by the G20—composed of the world’s biggest economies— as a direct response to the global vulnerabilities exposed by the Covid-19 pandemic. It finances critical investments aimed at strengthening pandemic preparedness and resilience in the most at risk countries.
More than just a funding mechanism, he noted that this initiative provides governments with a crucial opportunity to institutionalize and sustain their efforts toward
Neda reports 1.9% poverty reduction in Eastern Visayas
TACLOBAN CITY—The National Economic and Development Authority (Neda) regional office here said sustained economic growth contributed to the 1.9 percent reduction in poverty incidence in Eastern Visayas last year.
Neda Assistant Regional Director Jam Colas-Villaber attributed the decline in poverty to the region’s robust economic performance, with the gross regional domestic product expanding by at least 6 percent annually from 2021 to 2023.
“Sustained growth, driven by key sectors such as agriculture, services, and infrastructure, has been crucial in creating jobs and improving household incomes,” Villaber said in a phone interview.
Eastern Visayas posted a 20.3 percent
poverty incidence in 2023, lower by 1.9 percentage points from the 22.2 percent posted in 2021, as reported by the Philippine Statistics Authority.
This means that 10,264 more people in Eastern Visayas have been lifted out of poverty during the three-year period, Villaber said.
Neda remains optimistic that the strategies outlined in the Eastern Visayas Regional Development Plan (RDP) 20232028 will further accelerate economic growth and deepen poverty reduction efforts.
“Neda in Region 8 remains committed to its mission of reducing poverty through strategic planning, investment programming, and partnerships with both the public and private sectors. The
Dabbadie then urged for scaleup efforts to integrate One Health principles and the Sustainable Development Goals (SDG) 2030 across all levels, strengthen partnerships, and secure more innovative funding to face the evolving threats to human, animal, and environmental health.
“For us, this is just the beginning. Now is the time for all sectors—government, private industry, and civil society—to rally behind this momentum and invest in sustainable, resilient systems that will protect our future,” he said.
“The success of this project shows what is possible when we act collectively, but the real test will be our ability to sustain and expand this progress for generations to come, leaving no one behind.”
agency’s role in guiding policies and programs will be critical in sustaining the region’s development gains and lifting more families out of poverty,” she added.
The RDP focuses on fostering a business-friendly environment, generating more quality employment, and ensuring food security, which are vital components of the region’s long-term development strategy.
Key projects endorsed by the Regional Development Council are the Samar Island Medical Center in Calbayog City with initial funding of P477.68 million, and the P8-billion Basic Education Facilities funding.
Villaber said these projects are expected to make significant contributions to poverty alleviation.
These initiatives align with Neda’s policy of prioritizing investments in health and education, recognizing the importance of human capital development in reducing poverty over the long term. PNA
PTRI pushes for global standards in PHL textiles
TBy Bless Aubrey Ogerio
HE Philippine Textile Research Institute (PTRI) has introduced initiatives by equipping producers with advanced testing and digital tools to position the country on par with international quality and sustainability standards.
At the Innovation Dialogue on October 29, PTRI showcased its latest advancements, including digital pattern-making and visual prototyping, which streamline design processes and cut down on material waste.
“Through enhanced testing and digital
tools, the Institute is equipping the industry with the resources to amplify their craft while adhering to global standards,” they stated.
Romelen Tresvalles, regional director of the Department of Science and Technology-National Capital Region, underscored the collaboration’s aim to foster innovation, resilience, and competitiveness within Metro Manila’s textile-garment industry.
The event, part of the 2024 Regional Science, Technology, and Innovation Week, gathered textile industry leaders to discuss industry needs and align on pathways to elevate quality standards in
DAR eyes collaboration with IoT to boost IT, digitalization program
By Jonathan L. Mayuga @jonlmayuga
THE Department of Agrarian Reform (DAR) and delegates from the Internet of Things (IoT) Conference held an exploratory talk and interaction recently for possible improvement of the agency’s information technology (IT) and digitalization programs.
Jesry T. Palmares, Agrarian Reform Undersecretary for Foreign Assisted and Special Projects, welcomed the IoTCon delegates headed by Arnold Bagabaldo, chief executive officer (CEO) and president of Packetworx at the DAR central office.
“With this possible collaboration, the DAR will be able to learn more
about updating our digitalization system, data gathering, accessibility, and better internet connection,” Palmares said.
After the parcelization of land titles, the DAR will provide support services to agrarian reform beneficiaries (ARBs) and ARB organizations as a way of moving forward.
“We have at least 8,110 organizations in the country and about 2,700 agrarian reform communities. With this possible partnership, the DAR will be guided with the latest trends, innovations, and technologies through IT applications that will help the farmers become more efficient in the cultivation and modernization of the farms provided by the DAR.
Packetworx is the first and
local production. The Philippine garments and textile export sector, once valued at $3 billion and considered a “sunrise industry” in the 1990s according to the Department of Trade and Industry, has experienced challenges since the end of the MultiFiber Agreement, which had provided preferential tariffs for textile exports. In 1970, the Philippines ranked sixth among apparel exporters to the United States, but in 2015, the trade and industry agency’s statistics revealed that employment in the textile and garment industry was approximately only 137,000 and 422,000, respectively.
only connectivity provider for the Internet of Things in the Philippines. Bagabaldo said their visit at the DAR as part of their IoTCon 2024 that aims to showcase innovative IoT solutions and promote digital transformations across the country.
With the theme “Connected Ecosystem in Building the IoTReady Philippines,” IoTCon 2024 seeks to bring together industry professionals, government representatives, and global IoT stakeholders to foster collaboration and explore connected technologies.
“We see us as enablers to make the Philippines competitive. We interact a lot with the academe, and the government agencies to enable our future scientists and engineers to be equipped with the new technologies, and familiarize themselves on how they can use technology and improve their practices using the new processes,” Bagabaldo said.
NHA Valenzuela project to benefit over 1k families
By Cai U. Ordinario @caiordinario
MORE than one thousand families are expected to benefit from the latest medium-rise mixed used development of the National Housing Authority (NHA) being built in Valenzuela City.
In a statement, NHA estimates that the government’s Progreso Village in barangay Marulas in Valenzuela City, can accommodate 1,530 beneficiaries.
The new housing project is a medium-rise building that will be composed of a total of nine buildings with 11 floors each. It will also have commercial spaces on the ground floors of each building.
Gaya ng pangalan nito , makakaasa kayo na ang Progreso Village ay maituturing na progresibo Sinisiguro po namin na ang bawat proyektong pabahay ng NHA ay matibay ligtas komportable at may kasamang iba t bang pasilidad ,” NHA General Manager Joeben Tai said.
The project will include amenities such as parking spaces, street lights, a sewage treatment plant, a guard house, concrete fences, and central park will be included in the housing site.
Tai said the project will contrib -
ute to the goal of the Pambansang Pabahay Para sa Pilipino (4PH) Program to provide affordable housing nationwide.
The 4PH recently received a major boost in implementation through the granting of the sovereign guarantee by President Marcos.
The Department of Human Settlements and Uuban Development said with the granting of the sovereign guarantee for NHA and the Social Housing Finance Corporation (SHFC), the government had become more empowered in taking over the role of developers in the direct contracting of construction services, as it will eliminate developer’s profit while rallying the process of acquiring loans from government financial institutions and private banks.
With the sovereign guarantee, GFIs and private banks could be more reassured in releasing developmental loans for the 4PH housing projects of the NHA and SHFC. With the elimination of the role of developers in the “Pambansang Pabahay,” the NHA and SHFC will, in turn, take over their roles.
The key shelter agencies will utilize their in-house planning for smaller projects while outsourcing planners for bigger projects.
PARC approves ₧19-B
By Jonathan L. Mayuga @jonlmayuga
THE Presidential Agrarian Reform Council (PARC) has approved a P19-billion funding request from the Agrarian Reform Fund to support crucial projects in the countryside to advance rural development.
The funding approval for projects to be implemented by the Department of Agrarian Reform (DAR) was the key highlight of the 40th PARC meeting, presided over by Agrarian Reform Secretary Conrado M. Estrella III, PARC vice-chairperson, and lawyer Kazel C. Celeste, council secretary, together with other PARC members to discuss vital initiatives for agrarian reform and rural development.
One of the projects to be implemented under the approved fund is the Pang-Agraryong Tulay para sa Bagong Bayanihan ng mga Magsasaka (Project PBBM), which aims to construct modular steel bridges to enhance mobility, boost productivity, and increase the income of over 350,000 households.
A portion of the approved funds would also be directed toward developing farm-tomarket roads, and farm machinery and equipment.
Estrella said these investments are critical for improving access to healthcare, education, and other essential services, especially in remote areas where such services have traditionally been hard to reach.
During the meeting, funding for Land Compensation Cases (LOC) was also discussed to ensure timely settlements for landowners to prevent high interest rates due to delayed payments.
The council also emphasized the importance of a scholarship program for the children of Agrarian Reform Beneficiaries (ARBs), to align with President Marcos’s vision outlined in his State of the Nation Address (Sona).
“These projects reflect the
Legislator urges ₧20-B fund for Bicol rehab, recovery
By Jovee Marie N. dela Cruz @joveemarie
ASENIOR lawmaker has proposed the creation of Bicol Rehabilitation and Recovery Fund (BRRF) with an initial P20-billion budget for 2025, aimed at accelerating the recovery of the region, which suffered severe damage from Tropical Storm Kristine.
Camarines Sur Rep. Luis Raymund Villafuerte emphasized that one of the key initiatives for the BRRF would be to revive the Bicol River Basin Development Program (BRBDP), which was discontinued in 1986. President Ferdinand Marcos Jr. had previously urged the Department of Public Works and Highways (DPWH) to reassess this project to address chronic flooding
fund for countryside development government’s ongoing commitment to empowering farmers and enhancing the livelihoods of rural households, paving the way for a more sustainable and productive agrarian sector,” Estrella said.
in the region.
Villafuerte noted that Kristine caused unprecedented flooding in Camarines Sur, with most barangays experiencing water levels above head or roof height.
Drawing a parallel to the ad hoc commission created in the 1990s after the Mount Pinatubo eruption, he highlighted the urgent need for a dedicated fund to expe -
dite the region’s recovery.
While the 2025 General Appropriations Act has already passed the House, Villafuerte urged the Senate to reallocate funds or identify new funding sources for the BRRF. This could be finalized in the bicameral conference process before submission to Malacañang for the President’s approval. He said the BRRF would also support the construction of permanent, climate-resilient evacuation centers in elevated areas, as current centers often face the same flooding as residents’ homes. CamSur’s recent experience with a single-day rainfall of 711 mm— surpassing Typhoon Ondoy’s 455 mm in 2009—highlights the need for such infrastructure.
According to the DPWH, stormrelated damage in Camarines Sur amounts to about P2.84 billion, making it eligible for calamity funding under the Quick Response Fund.
Villafuerte also called for immediate funds to support the following: Shelter aid for 18,552 families with destroyed homes and 38,880 families with partial damage; amphibious vehicles for
emergency rescues and relief operations; medical aid to prevent outbreaks of waterborne diseases in still-flooded areas and assistance for 165,069 agricultural workers, including palay and vegetable farmers and fishermen.
Villafuerte further proposed the creation of an inter-agency council, including agencies such as the DPWH, DENR, DA, NDRRMC, and National Irrigation Administration (NIA), to address the worsening flood issues in Bicol and other affected regions across Luzon, Visayas, and Mindanao. This council would focus on identifying flood mitigation strategies, including water management and impoundment facilities.
While lawmakers are still tackling the proposed BRRDP in the budget deliberations in the Congress, Villafuerte appealed to the Department of Budget and Management (DBM) to consider releasing extra funds at once for essential projects, such as dredging and riverbank protection activities to improve the capacity of the Bicol River and reduce its flood risks that have been getting worse by the year.
www.businessmirror.com.ph
Rice arrivals surpass 2023 imports as of October–BPI
RBy Ada Pelonia @adapelonia
ICE import arrivals as of October 24 have surpassed actual shipments for the whole of 2023, according to government data.
Figures from the Bureau of Plant Industry (BPI) showed that rice arrivals from January 1 to October 24 reached 3.676 million metric tons (MMT). The country
imported 3.606 MMT of rice in 2023.
The United States Department of Agriculture (USDA) recently said that the Philippines is poised to remain the world’s largest rice importer as it adjusted upward its estimate of the country’s rice shipments.
In its latest report, the international agency increased the projection of the country’s rice imports this year to 4.7 MMT owing to
BOC, DA seize ₧178.5 million
By Reine Juvierre Alberto @adapelonia
THE Bureau of Customs (BOC) and the Department of Agriculture (DA) impounded smuggled frozen mackerel amounting to P178.5 million from China at the Manila International Container Port (MICP) on Wednesday.
In a statement, the bureau said it seized 21 40-footer containers of frozen mackerel that lacked the required import clearance.
Each container of frozen mackerel was estimated to be valued at P8.5 million, according to the Customs Intelligence and Investigation Service (CIIS).
“strong buying of Vietnam rice.”
The USDA also said that the country’s rice imports in 2025 could reach 4.9 MMT owing to a smaller crop, which is higher than its previous forecast of 4.6 MMT.
Meanwhile, of the volume that arrived in the Philippines, BPI data showed that over 2.9 MMT came from Vietnam, which maintained its status as the country’s top source of imports.
Thailand was the second-largest supplier as it accounted for 457,673.28 MT. This was followed by Pakistan at 162,369.48 MT, Myanmar at 114,766.75 MT, and India at 22,039.04 MT.
India, the world’s largest exporter, recently lifted its ban on non-basmati white rice shipments.
Government official and industry sources said India easing its export restrictions could affect world and domestic rice prices.
smuggled mackerel from China
The USDA also said in its recent report that Asian export quotes “declined significantly” in response to India lifting its export ban on non-basmati white rice.
“Vietnam quotes decreased by $28 to $534 per ton, while Thailand declined by $60 to $517 per ton with increased pressure from India’s return to the market,” the international agency said.
The attached agency of the Department of Agriculture (DA) said it approved and issued 8,397 SPSICs for the purchase of 8.21 MMT of imported rice as of October 25. Under existing rules, rice importers are required to secure an SPSIC from the BPI before bringing in foreign rice stocks. This document would certify that an inbound shipment is safe for human and animal consumption, and would not bring in any pests that could be detrimental to the local agriculture sector.
won’t affect the income of the local fishing industry when the closed season ends,” he added.
Enciso said the BOC is currently gathering information on the consignee of these shipments and will file appropriate cases. Warrants of Seizure and Detention against the shipment will be issued for violation of Sections 117 and 1113 of the Customs Modernization and Tariff Act (CMTA) in relation to Department of Agriculture Memorandum Order 14, series of 2024, and other existing DA regulations.
Meanwhile, the Bureau of Fisheries and Aquatic Resources (Bfar) confirmed that the importer, Pacific Sealand Foods Corporation, has no application for mackerel
CIIS Director Verne Enciso said the 21 containers with 567 metric tons of frozen mackerel arrived at the MICP last September 2024 and remained unclaimed by the consignee.
importation from the consignee covering the period August 30 to September 16, 2024.
Applications had also been rejected following the DA Memorandum Order 14, suspending the issuance of Sanitary and Phytosanitary Import Clearance (Spisic) for the importation of round scad, mackerel and bonito.
“The absence of the necessary Spisic poses a serious risk to our local agriculture and fisheries, as well as the health and safety of consumers,”
Customs Commissioner Bienvenido Y. Rubio said.
Rubio said a request to issue a Pre-Lodgement Control Order was made owing to concerns that the shipment contained misclassified, misdeclared and undeclared goods.
“Keeping smuggled agricultural products off our local markets ensures fair competition in the domestic market. It also keeps the costs of goods down,” Rubio stressed.
Agriculture Secretary Francisco Tiu Laurel Jr. together with the Bureau of Customs (BOC) and the DA Inspectorate and Enforcement Office, opened three of the 21 container vans of frozen mackerel from China that arrived at the port earlier this month.
“At current market prices, this frozen mackerel shipment is worth P178.5 million,” Laurel was quoted in the statement as saying.
“We issued the order earlier this year for the importation of fish to cover requirements for the closed season. This was done to monitor market supply and ensure imports
Laurel earlier issued an order allowing the importation of 30,000 MT of pelagic fish species in the last quarter of the year to augment supply due to the closed fishing season. These imports should arrive in the country before January 15 next year.
“Imports that will arrive months before the closed fishing season starts will only be allowed to be released to the market from October 1,” the DA said.
According to the department, the order specified that 80 percent of the import volume would be allocated to registered importers from the commercial fishing sector, while the balance would go to fisheries associations and cooperatives.
It added that a minimum import volume of 112 MT, equivalent to
four containers, would be allocated to commercial importers, while the minimum import volume for fisheries associations and cooperatives would be 56 MT or two containers.
Meanwhile, the department said additional import volume would be determined based on an importer’s percentage share of fish landings in the last three years before the importation.
“Importers must ensure that the fish supply they import comes from reputable sources and does not stem from illegal, unreported, and unregulated fishing,” the DA said.
The three-month closed fishing season starts November 1 in waters northeast of Palawan and from November 15 in the Visayan Seas and Zamboanga Peninsula. All three areas are spawning grounds for small pelagic fishes like sardines and mackerel. With Ada Pelonia
October 30, 2024
NOTICE OF FILING OF APPLICATION FOR ALIEN EMPLOYMENT PERMIT (AEP/S)
Notice is hereby given that the following companies/employers have filed with this Regional Office application/s for Alien Employment Permit/s:
1 ACBEL POLYTECH PHILIPPINES, INC.
No. 2 Tagaytay Ridge Drive, Carmelray Industrial Park II, Km 54, Milagrosa, City of Calamba, Laguna
LIU, YUNG-FU
Sr. Quality Assurance Manager
Brief Job Description:
Ensure product and process of highest quality according to standard and customer requirement Basic
strong technical background in manufacturing and quality assurance of electronics
9 HONDA PARTS MANUFACTURING CORPORATION
101 North Science Avenue, Laguna Technopark, Phase II, Biñan, City of Biñan, Laguna SHIKATA, ATSUSHI
CEQ and Adviser – QC Section & QMS Group
Brief Job Description:
Responsibility of the job is to support quality control
Lead and manage a team of instrumentation technicians/engineers, providing guidance support and mentoring as needed
PUNDEER, AJAY KUMAR
Cane Milling Shift Supervisor/DCS Engineers
Brief Job Description:
Oversee the day-to-day operation of the water and water-waste treatment plant, including process monitoring, trouble shooting, and optimization
DASARI, SATYANARAYANA MURTHY
Instrumentation Engineer/Supervisor
Brief Job Description:
Reads operation logbooks and obtain verbal and written information from outgoing technician on status of operation
DEVARAPALLI, MOHIT KIRAN
Power Generation Shift Supervisor
Brief Job Description:
Direct and supervise a team of technicians and operators responsible for operating and maintaining utility supply systems
SHARMA, ANUJ KUMAR
Process Supervisor (Chemist)
Brief Job Description:
Lead a team of operation to ensure safe and efficient operation of cane milling equipment
PASWAN, KHAGESH
Process Technician-Fermentation Plant
Brief Job Description:
Upon turnover of shift, reads operation logbooks and obtain verbal and written information from outgoing technician on status of operation
SHARMA, PRADIP KUMAR
Water And Water Waste Treatment
Operations Manager
Brief Job Description:
Oversee the day-to-day operation of the water and water-waste treatment plant, including process monitoring, trouble shooting, and optimization
Basic Qualification:
Good oral and written communication in English and Hindi
Salary Range: Php 30,000 - Php 59,999
Basic Qualification:
Good oral and written communication in English and Hindi
Salary Range:
Php 30,000 - Php 59,999
Basic Qualification:
Good oral and written communication in English and Hindi
Salary Range: Php 30,000 - Php 59,999
Basic Qualification:
Good oral and written communication in English and Hindi
Salary Range: Php 30,000 - Php 59,999
Basic Qualification:
Good oral and written communication in English and Hindi
Salary Range: Php 30,000 - Php 59,999
Basic Qualification:
Good oral and written communication in English and Hindi
Salary Range: Php 30,000 - Php 59,999
10 HONDA PHILIPPINES, INC.
Lot 34, Phase 1-B, Road 3, First Philippine Industrial Park, Ulango, City of Tanauan, Batangas
11 JT INTERNATIONAL ASIA MANUFACTURING CORP.
Lots 1-10, Block 4, Phase 3, Lima Technology Center, Santiago, Malvar, Batangas
12 MEGGA STEEL MANUFACTURING CORPORATION
Lot 5, Alimagno Compound, Banlic, City of Cabuyao, Laguna
13 RELIANCE PRODUCERS COOPERATIVE
7 Goldenmile Avenue, Golden Mile Business Park, Maduya, Carmona, Cavite
ONOZUKA, MASARU
Assistant Vice President and Adviser
Brief Job Description: Recommend
FERREIRA DA SILVA, EDSON
Business Unit Manager Brief Job
XIAO, JINQIANG
Business Development Manager
Brief Job Description:
HU, HUANXI
Technical Consultant-Pattern
Brief Job Description: Reviews, plans, organizes and manages, interpreting and understanding technical package in pattern making
14 TOYOTA TSUSHO PHILIPPINES CORPORATION
Blk. 4 Lot 2, Main Road 3, Calamba Premiere International Park, Batino, City of Calamba, Laguna GOTO, YOSHIHIRO General Manager
Brief Job Description: Create business sales and sales administrative strategies to achieve corporate goals
Any person in the Philippines who is competent, able and willing to perform the services for which the foreign national is desired may file an objection at DOLE Regional Office IV-A located at 3rd and 4th Floors, Andenson Building II, Parian, Calamba City, Laguna, within 30 days after this publication.
Please inform DOLE Regional Office IV-A if you have any information on criminal offense committed by the foreign nationals.
oral and written communication in English and Hindi
Salary Range: Php 30,000 - Php 59,999
Japan envoy honors war veterans at Leyte Gulf Landings commemoration
AMB. Kazuya Endo expressed his sincerest respects to Filipino veterans whose “unwavering dedication and service played a crucial role in the peace, prosperity, stability and dignity of the Philippines.”
In his speech at the 80th Leyte Gulf Landings Anniversary Commemoration on October 20 at the MacArthur Landing Memorial National Park in Palo City, Leyte, Endo said that “Japan is determined to never allow the devastation of war to be repeated ever again for the sake of the present and future generations,” and that his country and the Philippines are united in building a world founded on peace.
Furthermore, the ambassador also stated that both nations have built a special friendship through economic cooperation and people-topeople exchanges, as symbolized by the San Juanico Bridge. He remarked that Japan-Philippine cooperation is deepening in various fields that cover security, as seen in the “Second Japan-Philippines Foreign and Defense Ministerial Meeting (‘2+2’)” and the signing of the “Japan-Philippines Reciprocal Access Agreement” in July. He assured that the two, together with other like-minded countries, will continue to work together as united partners in upholding the international order based on the rule of law and in promoting peace and prosperity in the region.
With Endo in the event were Amb. HK Yu PSM of Australia, Speaker
AUSTRIA—Filipino nurses and midwives who arrived in Vienna 50 years ago celebrated their golden anniversary with a grand celebration.
At their anniversary gala dinner in the Vienna Rathaus, Batch 1974—composed of more than 60 Filipino health-care professionals—paid homage to their heritage as they wore Philippine formalwear and performed the rigodon de honor traditional dance.
Rosa Maria Somera, who is chair of the Batch 1974 Organizing Committee, said the milestone occasion is a testament to their “unwavering dedication, compassion and excellence in health care.”
Somera told her colleagues that “your resilience and commitment in a foreign land have brought honor to our Filipino heritage. Your legacy is an inspiration to all, reminding us of the importance of service, perseverance and community.”
‘Proud Austrians for proud Pinoys’
GOVERNMENT officials, diplomats, civil society leaders as well as groups from Austria and the Philippines lauded the Batch 1974 honorees for their contributions to the European country’s health-care system over the past five decades.
Leaders of the governments of the Philippines and Austria likewise sent their congratulations to the Batch 1974 honorees. President Ferdinand R. Marcos Jr. wrote in a special message that the “significant presence of Filipino nurses and midwives in the global health-labor force is a source of national pride” that the government “intend[s] to sustain in the foreseeable future.”
Marcos Jr. greeted the honorees and said they have upheld the highest standards of nursing and midwifery: “Your 50th [year] reflects your significant contribution to the
Martin Romualdez Jr., Secretary of National Defense Gilbert Teodoro Jr., Gov. Carlos Jericho Petilla of Leyte, as well as, officials from the national government and US Army.
On October 19, the ambassador paid a courtesy call on Petilla and exchanged views on the potential for Japan-Philippines cooperation in Leyte. He also visited the San Juanico Bridge connecting Leyte and Samar Island, which was built in 1973 as part of the “Philippines-Japan Friendship Road Project.”
Endo at WPS intl confab ON October 28, Endo delivered the Japanese government’s national statement at the International Conference on Women, Peace and Security (WPS) 2024 in Manila. There, the ambassador conveyed Japan’s active promotion of gender equality and women empowerment to further strengthen cooperation in the international community. He also mentioned his country’s support for the Mindanao Peace Process for over 20 years, and introduced two new projects to promote the WPS agenda in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
One is “The Project [on] Strength-
ening Services in Maternal and Child Health and Nutrition Improvement in the BARMM” that will be implemented by the Japan International Cooperation Agency’s Technical Cooperation Project scheme under the said country’s official development assistance.
The other is “The Project for the Protection and Empowerment of Women for Addressing Women’s Health Needs and Responding to Gender-based Violence in the BARMM” under the Grant Aid scheme, in partnership with the United Nations Population Fund or UNFPA.
Both were slated for launch at the “Human Security toward a Resilient BARMM: Japan’s Approach in Promoting WPS Focusing on Health” side event on October 29.
Endo also announced that Japan and Norway will serve as co-chairs of the “WPS Focal Points Network” in 2025. He extended an invitation
health-care system and well-being of your adoptive country.”
Meanwhile, Austrian head of state Alexander Van der Bellen expressed his deep gratitude to Batch 1974 for their invaluable work and tireless dedication over the past five decades: “Your efforts have been indispensable to the health and well-being of Austrians. [That] you have cared for our citizens with such dedication and professionalism for 50 years speaks of a deep bond with our country and its people.”
Van der Bellen wrote that, “Working in the health professions represents one of the greatest challenges, and at the same time, one of the most important future issues of our time. I, therefore, wish all of us that you can celebrate many more anniversaries here in Austria and continue to make such a valuable contribution to our society.”
In her message to the honorees, Philippine ambassador to Austria Evangelina Lourdes A. Bernas highlighted that the recent signing of new agreements with Austria on labor cooperation are a testament to the enduring legacy you helped create. She said that the agree -
ments “ensure the next generation of Filipino nurses will continue to contribute to Austria’s health-care system under a framework that protects their rights.”
In a message, the mayor and governor of the City of Vienna Dr. Michael Ludwig expressed his gratitude to the honorees, as he cited that their profession is among those that are “particularly respected in our society,” as it requires “a high degree of empathy, specialist knowledge and a sense of responsibility.”
“Midwives are a person’s first direct contact with our society. Likewise, the last contact in this world often falls to the nursing staff, which makes their sensitive task a barometer of a socially functioning society,” Dr. Ludwig wrote. “The city of Vienna is proud of its nursing staff and midwives from the Philippines. They are an integral part of our society, a role model of conscientiousness and care, and [envoys] of a cosmopolitan, community-oriented Vienna. Special thanks for that.”
At the celebration, Austrian Federal Minister of Social Affairs, Health, Care and Consumer Protec-
US provides P84M in humanitarian aid, logistics support for ‘Kristine’ response
to the related capital-level meeting, which will be held in Tokyo from February 4 to 6, 2025.
The conference, hosted by the Philippine government, commemorated the 25th anniversary of the landmark United Nations Security Council Resolution 1325 on WPS. With the theme of “Forging Collaboration and Convergence for Advancing Women, Peace and Security,” it aimed to bring together governments, civil society, international organizations, and other stakeholders to evaluate the progress of the WPS agenda implementation.
The gathering’s objective is to promote women’s participation in all stages of peacebuilding: addressing sexual and gender-based violence, disaster prevention and response, gender mainstreaming in climate change, as well as discussing women’s roles in peacebuilding from a gender perspective..
tion Johannes Rauch emphasized the importance of foreign healthcare workers: “Philippine nurses and midwives have long been an indispensable part of the health-care staff in the Austrian health-care and nursing sector. So, it is up to us—the responsible authorities— to create the conditions that, on the one hand, help retain the personnel who have already immigrated; and, on the other hand, actively facilitate the further recruitment of nurses.”
Celebrating Filipino heritage
FILIPINO culture was also on display during the “Batch 1974 Golden Anniversary Celebration,” which filled the Vienna Rathaus with wonders of Philippine heritage.
In addition to the Honorees’ Parade and the rigodon dance, the gala also featured a show from Folklorico Filipino-Austria, who are a group composed of Filipinos who work or have settled in Vienna.
Folklorico brought the gala attendees on a cultural journey through the “Big Beautiful Country” opening act, followed by the ragragsakan: a dance from the Cordilleras in Northern Luzon. They also presented the karasaguyon: an entertaining T’boli dance from the highlands of South Cotabato in Mindanao.
Folklorico followed it up with the lively Jota Caviteña dance which was performed in social gatherings during the Spanish colonial period. The show closed with the Mexicaninfluenced Pastores Talisay dance, which is performed in festive rituals in the Bicol Region to mark the start of Yuletide.
Aside from this cultural showcase, majority of Filipino attendees came dressed in traditional Philippine and folk attire to represent the country’s various regions. Andy Peñafuerte
THE United States government is providing P84 million ($1.5 million) to support the Philippine government’s response to severe Tropical Storm “Kristine” (international name Trami)
The funding will augment the US Agency for International Development’s (USAID) ongoing efforts to deliver lifesaving assistance that will help individuals severely affected by the storm in the Bicol Region and province of Batangas recover safely and with dignity. Through this, the agency will provide access to essential services such as clean water, sanitation, emergency shelter and cash assistance. It will also provide logistical support in the management of evacuation centers.
On October 27, USAID supported the Office of Civil Defense in dispatching 1,500 shelter-grade tarpaulins and 1,500 household relief kits to “Bicolandia” through a C-130 plane provided by the Singaporean government. These disaster relief items were prepositioned in the OCD humanitarian relief depot at Fort Magsaysay, which is an Enhanced Defense Cooperation Agreement or EDCA site in Nueva Ecija.
Ambassador MaryKay Carlson and Secretary of National Defense Gilberto Teodoro Jr. launched this joint humanitarian prepositioning
effort in September.
“My heart goes out to all those suffering the devastating effects of… ‘Kristine,’” Carlson said. “We are working side by side with the Philippine government to bring relief to communities in need.”
Since October 25, the US has worked with humanitarian partners in delivering life-saving humanitarian relief material prepositioned across the country. With USAID funding, the World Food Programme mobilized 33 trucks to support the Department of Social Welfare and Development in distributing more than 53,000 family food packs and other relief items to the said region. This assistance builds on the US government’s previous support to the local government’s disaster-response efforts, such as those during the massive flooding in Mindanao in February, as well as Supertyphoons “Carina” and “Julian” (international names Gaemi and Krathon, respectively).
Since 2010, the US government has provided more than P21.85 billion ($390.2 million) in the form of disaster relief, preparedness and early recovery in the Philippines. USAID works nonstop to help communities build resilience in preparing for, and responding to, the rising frequency and intensity of natural disasters.
THE World Health Organization (WHO), European Union (EU), and the United States Agency for International Development (USAID) donated three solar panels for rural health units frequently affected by power outages in Romblon.
“A reliable electricity supply is not just a convenience—it is essential for health security,” said USAID Phils. Health Office director Andrea Halverson in a recorded message in September. “It’s about ensuring that vital services remain uninterrupted, especially in times of crisis.”
The rural health units receiving the solar panels collectively serve up to 480 patients every month. Access to a consistent power supply will ensure
the safe storage of vaccines and other life-saving medicines, safer childbirth at night and during disasters, powered and better sterilized medical equipment, hot water availability, and less risk of damage to medical devices.
“With our support and commitment of the local government units, the operation, expansion and maintenance of these facilities are now in good hands,” said Dr. Rui Paulo de Jesus, the representative of WHO to the Philippines. The donation is part of a partnership among USAID EU, and WHO to strengthen the Philippines’ capacity to prevent, detect, and respond to emerging and re-emerging infectious diseases.
REGIONAL Director Ben Hemingway (third from left) works with local responders in receiving and processing USAID-provided tarpaulins and kitchen sets.
WORKERS install solar panels at a health facility in Romblon.
AMB. Endo at the podium
Celebrating The Trailblazers of ESG Excellence at the IABC PH Triple P Sustainability Awards 2024
THE International Association of Business Communicators (IABC) Philippines, in collaboration with Deloitte and the Makati Business Club, hosted the inaugural Triple P Sustainability Awards at the Marriott Hotel, Pasay. This milestone event celebrated companies leading the charge in sustainability through their unwavering commitment to environmental, social, and governance (ESG) principles.
The Triple P Sustainability Awards, anchored on the principles of People, Planet, and Progress, acknowledged organizations that went beyond compliance to drive meaningful change and inspire sustainable practices across industries. The awards present nine honors across six winning companies, recognizing sustainability efforts spanning various industries. As sustainability becomes deeply rooted in business operations, these awards spotlighted leaders who have set the bar for innovation, responsibility, and measurable impact.
Insights from Deloitte’s Technical Committee
ACCORDING to Jesus Ma. Lava III, Partner, Sustainability and Emerging Assurance, Deloitte Philippines, “The development of the Triple P Awards emerged as a direct response to gaps in existing sustainability recognition systems, motivating us to create an awarding framework grounded on four principles: ensuring comprehensiveness, prioritizing authenticity, fostering comparability, and upholding objectivity. Our goal since the awards’ inception in 2021 has been to establish a standard in sustainability recognition—one that meaningfully measures performance and commitment to stakeholders.”
Honoring the Best in ESG Practices
THE Best ESG Program Award was presented to Metro Pacific Investments Corporation (MPIC) for its Gabay Kalikasan Program, recognizing its strategic approach to addressing key communication challenges while implementing solutions that yielded measurable progress in ESG efforts. The awards also highlighted outstanding achievements in both environmental and social responsibility. SM Investments Corporation demonstrated leadership in social sustainability within the holding company sector, while Light Rail Manila Corporation excelled in promoting social responsibility within the mass transportation industry. In environmental sustainability, Mondelez International Philippines set the standard in the food manufacturing sector, with Maynilad Water Services Inc. showing exemplary performance in both environmental and social sustainability within water utilities. Manila Electric Company distinguished itself by leading
efforts in energy distribution, excelling in both environmental and social impact within the energy sector.
The event culminated with the most prestigious accolade of the night, the presentation of the Triple P Award, a recognition of Metro Pacific Investments Corporation’s comprehensive sustainability leadership. This award celebrated MPIC’s commitment to net-zero emissions by 2050, proactive climate risk management, and efforts to reduce Scope 3 emissions. MPIC also stood out for encouraging a peoplecentered culture, ensuring fair wages, career development, and healthcare access for all employees, while investing 75% of its portfolio in sustainable ventures. The company’s holistic approach presents the importance of integrating social responsibility and environmental stewardship into core business strategies.
Words From IABC ESG Committee & President
MELODY del Rosario, Chair of the IABC ESG Committee, remarked, “Through these awards, we honored companies that truly embodied the spirit of sustainability and set new standards within their respective industries. These winners exemplify the power of strategic sustainability in not just enhancing reputation but creating real, measurable impact in society, the environment, and for people.”
IABC Philippines President, Ms. Belle Tiongco, added, “This event reflects the evolving role of business communication as a driver of sustainable change. It’s inspiring to witness the commitment of these organizations to responsible business practices, proving that progress is not only possible but imperative in today’s world.”
The event's success was in support of key sponsors: Metro Pacific Investments Corporation as the Gold Sponsor; Ayala Corporation and Metro Pacific Tollways Corporation as Silver Sponsors; and Globe Telecom and Meralco as Bronze Sponsors. Media partners TV5, The Philippine Star, BusinessWorld, Insider PH, and BusinessMirror amplified the awards, helping honor those at the forefront of sustainable innovation.
The Triple P ESG Awards reaffirm that sustainability is no longer a corporate buzzword but a vital component of business strategy, encouraging collaboration across industries to
FIRST & SECOND ROW (L-R): MPIC received the Best ESG Program award, while Excellence in Social Sustainability was awarded to SM Investments Corporation for the Holding Companies sector, and Mondelez International for Food Manufacturing, Excellence in Environmental and Social Sustainability was awarded to Meralco for Energy Distribution, Maynilad for Water Utilities, while the Mass Transportation award went to Light Rail Manila Corporation.
October
2nd Front Page
Risk of polycrisis persisting remains very high, says WB
THEpolycrisis—a situation of overlapping crises happening simultaneously—can be blamed for the lost decade in poverty reduction requiring countries to step up their efforts to lick poverty and reduce inequality, according to the World Bank.
In a data blog, World Bank experts noted that the polycrisis included Covid-19, rising debt burdens, geopolitics that caused war and con ict, and extreme weather events.
These overlapping crises have either slowed or stalled countries’ e orts in reducing poverty and inequality. The World Bank experts also said the risk that this continues remains high.
“The risk of a polycrisis is growing due to heightened uncertainly, fragility, climate change, and other vulnerabilities that tie together diverse sectors and regions,” the experts said. The World Bank de ned a polycrisis as multiple and interconnected crises that are happening at the same time. As such, the interaction of these crises can also amplify their impact on countries.
“The implications are clear: In the poorest economies, the focus should be on economic growth and investing in human, nancial, and physical capital,” the World Bank experts said. “For lower-middle-income countries [like the Philippines], the focus should shift to growth and shared prosperity—and measures to increase the e ciency of policies that increase incomes, improve resilience to shocks, and lower emissions,” they added. The World Bank experts said the pandemic caused a signi cant increase in poverty and many poor countries have yet to recover. They noted that the rate of extreme poverty in the world increased by 0.85 percentage points to 9.7 percent in 2020, and the count of the extreme poor increased by 73 million people that year.
The scarring left by the pandemic and the subsequent lockdown also signi cantly a ected the Philippines. The National Economic and Development Authority (Neda) said the pandemic and the lockdowns imposed by the government are expected to cost the Philippine economy a total of P41.4 trillion in the next 40 years.
In 2020, the economy lost P4.3 trillion and is expected to continue to lose another P37 trillion in the next 10 to 40 years. (See: https:// businessmirror.com.ph/2021/09/25/ neda-pandemic-to-cost-phl-economy-p41-4-trillion-in-total-losses-overnext-40-years/)
Apart from the pandemic, the World Bank experts said poor countries also su ered from higher debt levels. They said countries eligible to receive assistance from the International Development Association (IDA) have quadrupled since 2012, reaching an all-time high of $23.6 billion.
They noted that countries eligible to receive assistance from IDA consist of nearly a quarter or 24 percent of the world’s population and almost three-quarters or 72 percent of the world’s extreme poor.
Further, the experts said con icts have risen globally. This has led to slower poverty reduction in areas such as Sub-Saharan Africa, Middle East, and North Africa.
They estimated that 50 percent of the global extreme poor will be living in fragile and con ict-a ected countries within Sub-Saharan Africa by 2030. Another 25 percent are project-
ed to be in countries in Sub-Saharan Africa that are not in fragile and con ict-a ected situation today.
The World Bank experts also noted that extreme weather events have increased the risk of seeing more people fall into poverty.
They noted that the past decade saw temperatures increase to the warmest levels on record since 1850. This could also pave the way for more and worse extreme weather events in the form of storms, oods, droughts, and heatwaves are occurring due to climate change.
In the Philippines, based on the earlier report of the National Disaster Risk Reduction and Management Council (NDRRMC), severe tropical storm Kristine left in its wake at least 90 persons killed, 71 injured, and 36 others reported missing.
Kristine has left a swath of death and destruction, with Bicol being the hardest hit region; and with Ondoy-level heavy rainfall and unprecedented oodings that submerged many low-lying areas in Luzon. (See: https:// businessmirror.com.ph/2024/10/28/ kristine-casualty-count-up-90-dead71-injured/)
“The scarring e ects of the pandemic, slow economic growth, increased con ict and fragility, and insu cient progress on shared prosperity, for instance, are connected and have been behind the slow progress in poverty reduction,” the World Bank experts.
S‘One big win for people’ ALSO on Wednesday, Senator Christopher “Bong” Go, chairperson of the Senate Committee on Health, hailed the Supreme Court’s TRO blocking the transfer of PhilHealth’s excess funds to the National Treasury.
he added.
Knights of Columbus plastics program is a call to action for real environmental stewardship
By Henry Go
PLASTIC na itatapon mo, ibigay sa amin—para makinabang tayo at kalikasan ay ating alagaan [The plastic you will throw, please give to us—so we can all benefit while caring for nature].
In 2025, Christianity will celebrate significant milestones, including the Jubilee of the Holy Year, the 10th anniversary of Laudato Si’, and the 800th anniversary of the Canticle of the Creatures. These events underscore the Catholic Church's mission to protect creation.
The Knights of Columbus, St. Lorenzo Ruiz Council 7344 of Our Lady of the Most Holy Rosary, Binondo Chinese Parish (K of C 7344), recognizes the urgent need to create a just, sustainable, and compassionate future. We aim not only to respond to the ecological crisis but also to leave a healthier ecosystem for generations to come—a world rooted in the principles of Laudato Si’, where care for creation is paramount. With focus on 2025 and beyond, K of C 7344 aims to be an active force for positive change. We believe that by aligning with broader civil society efforts for environmental protection—and with the Holy Spirit guiding and inspiring us—we can reverse the tide of environmental degradation.
Uniting for a sustainable future T O advance our mission, we formalized a partnership with Restore Solutions PH, a division of SafeWater Technologies Inc., on
October 20, 2024. This collaboration highlights SafeWater's creative technology involving plastic circularity; it effectively minimized plastic waste through the reuse and recycling of single-use soft plastics. By transforming discarded materials into valuable eco-friendly products—such as furniture for households, offices, and schools; decorative items; panels and barriers; rescue boat and emergency shelters—thereby creating a sustainable cycle that mitigates the environmental impact of plastic waste.
From Plastic to Purpose Ju ST imagine, every minute, over a million single-use plastic items are purchased, and less than half are recycled. The remainder clogs rivers, pollutes oceans, and threatens wildlife. The consequences of inaction are clear, and our window of opportunity to make a difference is narrowing, especially considering that single-use plastics can take up to 500 years to decompose, wreaking havoc on our environment. Plastics that aren’t properly disposed of can severely harm marine life and entire ecosystems.
Granted that everyone recycled just one piece of plastic waste each day; then we could have signifi -
cantly reduce the plastic choking our waterways. Recycled plastics can be repurposed into materials that help manage and prevent flooding, protecting our communities from its devastating effects. Every piece of plastic recycled matters!
Moreover, the technology actively helps protect the air by recycling plastics that would otherwise be incinerated. Incineration releases harmful chemicals and greenhouse gases, polluting our atmosphere. By transforming waste into new products, we can reduce emissions and safeguard our environment, ensuring a brighter
future for all.
Addressing educational needs:
A mission to provide Neutral Desks Ou R immediate focus is to tackle the challenges faced by public schools in compliance with Republic Act No. 11394, which mandates the provision of neutral desks in educational institutions. Schools nationwide currently need 13.5 million neutral desks to meet the Department of Education’s eightyear furniture replacement program. Through our joint efforts, we hope to provide access to these desks, thereby enhancing the learning experience for countless
students across the nation. We hope both private and public schools can actively participate in this ecological endeavor and coordinate with us on how to properly collect those soft plastic waste and to schedule its manner of collections. We also welcome participation from public areas such as malls and government offices in our initiative. For more information, please contact us at KofC7344@gmail.com.
A collective responsibility
K OF C 7344’s partnership with SafeWater Technologies, a leader in environmental stewardship, is
more than just an initiative; it embodies our commitment to inspire hope and foster collective responsibility for our planet. By embracing innovative solutions in plastic circularity through Restore PH, we aim to protect our environment and secure a healthier, sustainable future for generations to come. Together, we acknowledge that small actions, when united by a common purpose, can lead to significant change. Let us stand together in this vital mission to nurture our planet and serve our communities with compassion and determination—together, we can make a difference!
Thursday, October 31, 2024
NBI arrests 18 Chinese, 2 Pinoy in scam hub raid
TDOJ files rape, acts of lasciviousness cases against two TV contractors
THE Department of Justice (DOJ) has indicted the two independent contractors of television giant GMA Network for rape through sexual assault and two counts of acts of lasciviousness in connection with the complaint filed by actor Sandro Muhlach.
of prosecutors over the respondents’ blanket denial.
“We all know that under the law positive identification is the strongest form of evidence and denial by itself is the weakest,” the prosecutor general said.
By Joel R. San Juan @jrsanjuan1573
HE National Bureau of Investigation (NBI) on Wednesday announced the arrest of 18 Chinese nationals and two Filipinos for various crimes following a raid on a scam hub in Parañaque City on Tuesday night.
At a press briefing, NBI Director Jaime Santiago said 17 of the Chinese nationals were arrested at Casiana Residences in Parañaque City where they were caught engaged in various cybercrime activities.
The three others, including the two Filipinos, were arrested after trying to bribe NBI operatives for the release of the 17 Chinese nationals in the amount of P300,000 each.
The NBI identified the Chinese national who offered bribe money to operatives as Hou Jusen, whose fake Postal ID contains the name Jason Ponte Hao.
Santiago said the three arrived at the NBI headquarters with the amount of P1.5 million for the initial release of five of the 17 arrested Chinese nationals.
“Our operatives pretended [to be] willing to accept the offer and asked them to go the office. So, they actually brought P1.5 million for the release of five of those arrested,” Santiago said. Hou was charged with corruption of public officials, falsification of public documents, and violation of the Anti-Alias Law.
Santiago said the NBI will not file charges against the two Filipinos so they can be used as state witnesses against Hou.
Meanwhile, those arrested in Casiana Residences were identified as Zhai Jianjun, Huang Cheng Chi, Huang Bi Ying, Li Hui Juan, Lengxin Yun, Liu Xing Rong, Chen Zihao, Zhou You Liang, Chen Xing, Chen Qing Gang, Huang Zhixon, Riu Chen Mao Jing Hang, Liu Xuan Wu, Wang Weng Bin, Yan Xiaho Hong and Yang Yun.
They were arrested by operatives of the NBI-Cybercrime Division (NB-CCD), together with the NBI-Special Task Force (NBI-STF), who launched an operation after verifying an information that at least four condominium units in Casiana Residences were being uti -
Comelec, CHR decry killings of election officers, candidates
By Justine Xyrah Garcia
WITH less than seven months remaining before election day, violent incidents targeting election officials, candidates, and public servants are on the rise.
In response to this alarming trend, the Commission on Elections and Commission on Human Rights expressed their serious concern over the impact of these killings on the integrity and safety of the 2025 midterm polls.
“We join in condemning these deaths, especially when the violence is directed against election officials, election employees, and even our teachers—everyone serving in our elections,” Comelec Chairman George Garcia said on Wednesday.
According to CHR, there have been seven potentially electionrelated killings in recent weeks.
Among these cases are the tragic deaths of Agutaya, Palawan Election Officer Emmanuel Gacott and his wife, who were found dead in their home in Palawan on September 25, and the shooting death of reelectionist Barangay Kagawad Toto Gogo Kensa in Datu Hofer, Maguindanao del Sur, on October 19.
The CHR also highlighted the death of a Barangay Peacekeeping Action Team member on October 8, during the filing of certificates of candidacy in Shariff Aguak, Maguindanao del Sur.
The Comelec previously played down the nature of the deaths in that incident, saying that the filing period was “overall peaceful.”
(Related: https://businessmir -
lized as a scam hub by a syndicate of foreign nationals.
Surveillance operations revealed that the units contained multiple workstations engaged in various fraudulent activities, including the theft of bank account information, fraudulent investment schemes, cryptocurrency scams, and illegal gambling operations.
On Tuesday, NBI operatives swooped down on the building to serve the warrant to search, seize, and examine computer data (WSSECD) issued by Branch 258 of the Regional Trial Court in Parañaque City.
Santiago said that operatives found the 17 Chinese nationals in the three units where the warrant was served.
The foreigners were discovered to be actively engaged with their desktop computers, wherein various scripts and communication flows indicative of a sophisticated scam and other fraudulent operations, were discovered.
During onsite examinations on their devices, NBI operatives
“The Commission vehemently condemns these incidents which undermine the integrity of local governments, the effectiveness of public service, and every Filipino’s right to a safe environment—especially as the election season approaches,” CHR said in a statement.
The CHR has deployed a Quick Response Operation to investigate these attacks and identify if these are all politically motivated.
Meanwhile, Comelec also joined Local Government Secretary Jonvic Remulla in the latter’s call for the disbandment of private armies before the official election period begins.
“We also support what DILG Secretary [Jonvic] Remulla is saying, that all private armies across the country should be dismantled before the election period begins,” Garcia said.
uncovered a scheme that employed social engineering tactics to exploit victims.
Through the scheme, the accused initiated contact via messaging platforms such as WhatsApp or Telegram, posing as representatives of legitimate businesses or acquaintances.
“By establishing rapport and appealing to the victims’ emotions, they lured them into making investments in cryptocurrency through deceptive ‘mining’ or ‘farming’ schemes,” the NBI said.
The suspects also utilized manipulated gambling sites designed to ensure users consistently lost, further enriching the syndicate.
The 17 Chinese nationals were charged with violations of Illegal Access, Misuse of Devices, Computer-Related Forgery, and Computer-Related Fraud under Republic Act (RA) 10175, otherwise known as the Cybercrime Prevention Act of 2012, as well as Social Engineering Schemes and Economic Sabotage under RA 12010, otherwise known as the Anti-Financial Account Scamming Act.
In a 19-page resolution, the DOJ panel of prosecutors led by Senior Assistant State Prosecutor Susan Azarcon found probable cause to file criminal charges against Richard Cruz and Jojo Nones for violation of rape through sexual assault under Article 266-B, paragraph (2) of the Revised Penal Code (RPC), as amended by Republic Act 8353 and two counts of acts of lasciviousness under Article 366 of the RPC.
The charges were filed before the Regional Trial Court in Pasay City, according to Acting Prosecutor General Richard Anthony Fadullon.
Fadullon said the rape through sexual assault case is a non-bailable offense.
“After due deliberation and examination of the pieces of evidence submitted by complainant Sandro, the undersigned panel of prosecutors found prima facie evidence with reasonable certainty of conviction to charge respondents Richard and Jojo for sexual assault…and acts of lasciviousness…,” the resolution read.
Fadullon said during the preliminary investigation conducted by the panel of prosecutors, Muhlach was able to positively identify Cruz and Nones as the persons who abused him.
He added that the victim was also able to narrate the details of the abuses committed against him which were sufficient to establish probable cause for the filing of the complaint.
Muhlach’s positive identification of his abusers and narration of events, according to Fadullon, were given weight by the panel
The panel did not give weight to the minor inconsistencies in Sandro’s affidavit as pointed out by the defense lawyers.
“Well, minor inconsistencies, even assuming that they exist, these are not enough to debunk or to say that he was not telling the truth,” Fadullon explained.
The panel also stressed that Sandro’s failure to immediately report the incident does not taint his credibility. It noted that “long silence and delay in reporting the crime of rape have not always been construed as indications of a false accusation.”
“A rape charge becomes doubtful only when the delay in revealing is unreasonable and unexplained,” it noted.
The DOJ also found that the element of force and intimidation was established by Muhlach.
“It is clear from the statement of complainant Sandro in his affidavit that he repeatedly resisted and pleaded with respondents to stop their unwanted sexual advances,” the resolution read.
“Unfortunately, complainant Sandro was too physically too weak and dizzy to succeed due to the effects of the drugs and alcohol,” it added.
The alleged sexual abuse supposedly took place last July 20 at a hotel room in Pasay City where the respondents were checked into.
Muhlach claimed that two handed him a glass of wine and made him snort a white substance believed to be drugs before sexually abusing him.
Megawide finalizes divestment, moves shares to Aboitiz group
By Lorenz S. Marasigan @lorenzmarasigan
MEGAWIDE
Construction Corp. has finalized its divestment from MactanCebu International Airport (MCIA), transferring its remaining 33.33-percent plus one share in Aboitiz GMR Megawide Cebu Airport Corporation (AGMCAC) to Aboitiz InfraCapital Inc. (AIC) for P7.76 billion.
In a disclosure to the stock exchange, Megawide Chairman and CEO Edgar Saavedra said the divestment aligns with the company’s ongoing financial management strategy, enhancing its balance sheet and liquidity.
The transaction will push
Megawide’s current ratio—a measure of liquidity—from 1.29x at the end of December 2023 to an expected 1.54x by the end of 2024.
With the divestment, Megawide pivots its focus toward property development and other core infrastructure projects.
“As an infrastructure innovator, the completion of the airport transaction facilitates our natural progression into property development and allows us to focus on our Precast and Construction Solutions (PCS) unit – which serves as our unique competitive advantage against other industry players – and our other infrastructure projects, including the Paranaque Integrated Terminal Exchange
(PITX). At the same time, this strengthens our balance sheet and forms part of our medium-term financial management program,” he said.
This divestment concludes a phased transaction that began in December 2022 when Megawide and its Indian partner, GMR Airports International BV (GAIBV), entered a Share Subscription and Transfer Agreement with AIC.
The following year, Megawide and GAIBV agreed to initially transfer 66.67 percent of AGMCAC’s outstanding capital stock to AIC through exchangeable notes valued at P15.5 billion, effectively transitioning majority control of MCIA’s operations to Aboitiz.
Gintong Parangal
₧4.8-B Maersk logistics hub to boost trade, create jobs
By Samuel P. Medenilla @sam_medenilla
PRESIDENT
Ferdinand Marcos said the rise of the P4.8-billion Maersk Optimus Distribution Center (MODC) in Laguna will boost export and import activities in Southern Luzon and generate over 1,000 jobs.
In his speech at the opening of the logistics hub on Wednesday, the chief executive said the new facility will help in the growth of the country’s transportation and storage sector.
He said the sector is already employing 3.6 million people during the first half of the year and this number could increase further once it achieves its projected market size of over P1.6 trillion by 2027.
“With the grand opening of the Maersk Optimus Distribution Center, our logistics system will be a step closer to become a powerful force—bridging our islands, breathing life into our industries, our businesses, bringing together our people on a path towards sustained development,” Marcos said.
Aside from serving as a logistics hub for Calabarzon and the Bicol Region, he said the facility will also help decongest Metro Manila by creating hundreds of jobs in Laguna.
“In the coming years, the Maersk Optimus Distribution Center is expected to create employment for one thousand people in its surrounding communities and indirect employment for another a thousand individuals—from vendors and service providers to truckers and beyond,” Marcos said.
The President expressed hopes other companies will emulate the example of Maersk and Solid Group Inc. and invest in the country’s logistics sector. Growing market
MAERSK Contract Logistics (MCL) global head Dominic Gates said they decided to increase their investments in the Philippines due to its strategic location and growing market.
“We are situated at the crossroads of major maritime routes in the South China Sea making it a crucial player in regional trade. It is also one of the fastest-growing customers, with projections indicating we will have very robust growth for many years to come,” Gates said.
The Philippines is currently Maersk’s third biggest market next to the United States and China.
Since it started its operations in the country in 1974, Maersk Philippines now has 11 offices, including its corporate office in the Mall of Asia Complex in Pasay City and a main distribution center in Cainta, Rizal.
It also has 99 warehouses and three container vessels, manned by over 9,500 employees.
The latest addition to MCL’s local operation is the MODC, which is located in Calamba, Laguna and features state-of-the-art technologies such as a comprehensive control center, allowing it to constantly monitor the transfer of its cargoes.
It also has features to make its operations sustainable including smart warehouse lighting, sewage treatment, rain harvesting and recycling system, and solar panels.
“It (solar panels) powers up to 30 percent of the facility and we will increase its capacity over the years to come,” MCL Asia-Pacific business development head regional head Jocelyn Ramos said. Gates said the initiatives will help them meet their goal of net zero greenhouse emissions by 2040.
Food stamp program: Lifeline for thousands of PHL households
THe government’s progress towards achieving its target of 300,000 registered beneficiaries for the Food Stamp Program (FSP) is a significant step towards addressing food insecurity and poverty in the country. The recent sectoral meeting with President Marcos and the updates provided by Social Welfare Secretary Rexlon “Rex” T. Gatchalian shed light on the positive impact the program is already having on thousands of households. (Read the BusinessMirror story: “Government on track in food stamp program,” October 29, 2024).
With over 200,000 beneficiaries enrolled and nearly 90,000 households redeeming their food supplies, the FSP is proving to be a lifeline for many families struggling to access nutritious food. President Marcos’ emphasis on monitoring the program’s impact and striving to support one million households by 2027 demonstrates a strong commitment to improving the well-being of vulnerable communities.
The FSP’s provision of P3,000 worth of food credits to beneficiaries through accredited food retailers not only addresses immediate food needs but also contributes to fighting hunger and reducing incidents of involuntary hunger in local communities. The engagement of 355 accredited food retailers, ranging from micro to large enterprises, highlights the program’s potential to boost local economies and create opportunities for businesses of all sizes.
The target of registering 300,000 beneficiaries by November is ambitious but essential in expanding the program’s reach and impact. As emphasized by Social Welfare Undersecretary Eduardo M. Punay, the active participation of retailers and the ongoing registration efforts are crucial in ensuring that the program effectively reaches those in need.
The program’s potential impact aligns well with the key benefits seen in similar food assistance initiatives around the world. From fighting hunger and improving health outcomes to boosting local economies and reducing food waste, food stamps can be a transformative tool for social welfare.
However, the government must remain vigilant in its implementation and continue to refine the program based on feedback and outcomes. Ensuring smooth registration processes, expanding the network of accredited retailers, and closely monitoring the program’s impact will all be critical steps.
Additionally, the government should explore ways to further integrate the FSP with other social safety net programs and initiatives targeting poverty alleviation. By taking a holistic, coordinated approach, the program’s reach and effectiveness can be significantly amplified.
The success of the FSP aligns with global best practices in social welfare, such as the Supplemental Nutrition Assistance Program (SNAP) in the United States. There are key benefits of food stamps, including their role in fighting hunger, improving health outcomes, supporting local economies, alleviating poverty, and promoting food security.
By addressing immediate food needs, the FSP not only supports vulnerable families but also contributes to broader societal benefits, including health improvement, poverty alleviation, and economic stimulus. As the program grows and develops further, it holds the promise of significantly influencing the welfare of numerous communities and fostering the overall progress of the nation.
The government’s commitment to the Food Stamp Program is a commendable effort towards building a more inclusive and resilient society. By prioritizing the needs of vulnerable populations and leveraging partnerships with retailers and stakeholders, the FSP has the potential to drive positive change and create a more food-secure future for all Filipinos.
The best stock market book
ROUTSIDE THE BOX
oAMinG around Facebook the other day i noticed that a couple of ex-Gurus from the PSe have poked their heads up for the first time in years, offering courses on stock market wisdom. Perhaps giving trading advice on cryptos is not as profitable as it used to be, which is sort of strange considering Bitcoin is pushing for a new historic high.
Nonetheless, it is good to remember these words about the stock market to potential Gurus: “Never give advice to buy or sell shares—the most benevolent of advice can turn out badly”. However, I do take issue with that idea, as “analysis” is different from “advice.” Analysis is best compared to a weather report that says if current conditions continue, then rain will come.
Advice is usually, “This is what will happen, but it is a secret why that is true. Trust me.” I have often been asked to write a book about the stock market and trading and I may do that when I get
KM-15, South Superhighway, Parañaque, Metro Manila
tired of actually trading the markets. But I intend to wait until I can link up with Elon Musk’s Neuralink, allowing me to transcribe my thoughts directly onto the written page rather than relying on typing or verbal dictation.
In truth, there is very little that can be said about the stock market that has not already been written. Let us compare the thoughts from two books on stock market investing.
The first is The Intelligent Investor by Benjamin Graham, published in 1949, and has been called “The single best book on stock market investing ever written for the general public”
By Leah Nylen
neW US antitrust rule requiring companies to give the government more information on their mergers and acquisitions came with a surprise twist: The Federal Trade Commission passed it with a rare 5-0 vote.
The agency’s two Republican commissioners, who have vociferously opposed some of Chair Lina Khan’s other major rulemakings, joined the panel’s three Democrats in supporting changes to rules for complying with the Hart-Scott-Rodino Act. The discussions also involved the agency’s top competition staffer and the Justice Department’s antitrust division.
The update, released October 10, followed months of intense behindthe-scenes negotiations in which the Republicans—Andrew Ferguson and Melissa Holyoak—won some concessions. It was akin to the bipartisan collaboration that characterized previous commissions and came just ahead of national US elections that have created a deeply polarized political atmosphere. In the end, the rule was done “consistently with the law, and in a reasonable and sound way,” Ferguson said in an interview. “While I would not have included every item in the Final Rule, overall, it modernizes the filing requirements to be more congruous with today’s economy
while remaining within the bounds of the law.”
The bipartisan turn caught some by surprise.
The FTC and Justice Department had jointly proposed a revision of the rules in June 2023 that was hotly contested by industry, which warned the changes would impose significant costs on merging companies. Both the Chamber of Commerce, the nation’s largest business lobby, and the American Investment Council, a trade association for the private equity industry, had threatened potential litigation. Both groups have said they are reviewing the final rule and considering next steps.
Henry Liu, director of the FTC’s Bureau of Competition, declined to discuss details of the negotiations, but said the rule was a product of “healthy dialogue among the commissioners” including “a rigorous cost-benefit discussion about the new requirements.”
“The fact that we had a bipartisan 5-0 vote is important for the longevity and sustainability” of the rule, Liu said in an interview. “It has a better
and perhaps it is. There are many sound ideas that will help you make money in the stock market.
Graham stresses ignoring shortterm market movements in favor of a long-term investment strategy, suggesting that, over time, the market will recognize and reflect the true value of a company. Investors should focus on a company’s earnings, assets, and financial statements rather than market rumors or short-term price movements. Graham touches on the psychological aspects of investing, encouraging investors to be patient, disciplined, and to avoid emotional reactions to market changes. Further, Graham provides guidelines for selecting stocks, focusing on financial health, earnings stability, and dividends. The core principle is to base decisions on the intrinsic value of the investment, not market price fluctuations.
Investors must be disciplined, patient, and rational, avoiding common pitfalls like chasing market trends or succumbing to fear or greed. Graham warns against common psychological biases where greed can lead to overconfidence in one’s stock picks or fear might lead to irrational selling during downturns.
This is from another stock mar-
ket book. “Whoever wishes to win in this game must have an excess of both patience and capital. Strip away passion, balance the news, and after all these diligent efforts, incline towards whatever seems most advisable.”
“Consider that each day the Company is found to be more robust. Market sentiment can drive prices away from intrinsic value. Even the most powerful buy stocks in the hope of future distributions, and these are people who do not hesitate to buy when prices rise. Profits on the exchange, at one time they may be diamonds, then rocks, then the morning dew, then tears.”
The author effectively shows how greed and fear govern market dynamics, often leading to cycles of boom and bust.
The second book is titled “Confusión de Confusiones,” which translates in English to “Confusion of Confusions.” It was written by Joseph de la Vega, a Portuguese Jewish merchant, and was first published in 1688.
E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis provided by AAA Southeast Equities Inc.
chance of being supported regardless of a change in administration.”
Behind the scenes
IN exchange for their votes and statements of support for the rule, the Republicans garnered a promise that the FTC will seek to reinstate quicker reviews on non-problematic deals and the withdrawal of a controversial pact with the Biden administration’s labor agencies, said people familiar with the negotiations, who asked not to be named discussing internal agency deliberations.
The agencies initially planned to release the final rule in early April, but delayed after the Senate confirmed the two Republican commissioners in late March.
The Republican commissioners began pushing for changes to the HSR rules soon after they joined the agency, the people familiar said.
The negotiations became more serious over the summer, when Liu sought a concrete list of changes the GOP members would need for their vote, the people said.
Holyoak and Ferguson provided a written file of what they wanted removed, the people said, with the biggest request being the deletion of the section related to labor—a key feature for the Democrats. They also pushed for eliminating the need to provide organizational charts and draft versions of merger documents
as well as reducing the amount of detail on previous acquisitions that companies must provide, according to the people. The negotiations took on renewed vigor after a federal judge in Texas ruled against the FTC in its noncompete rulemaking in early July, the people said. Judge Ada Brown’s decision adopted many of the same arguments that Holyoak and Ferguson had articulated in their dissents. The FTC’s Democrats hoped that unanimous, bipartisan support for the merger rules would make business groups less likely to sue, the people said, or help the agency win in court if a lawsuit was filed. The judge later blocked the noncompete rule from going into effect; the FTC is appealing. Liu played a key role in brokering the compromise, according to the people, speaking to each commissioner individually. The Republicans also insisted on two conditions not directly related to the rule, the people said: the reinstatement of quick sign-offs for non-problematic mergers and the withdrawal of the FTC from a memorandum of understanding with the National Labor Relations Board.
When companies file unproblematic mergers for antitrust review, they can request the agencies grant them so-called early termiSee “FTC,” A27
Ambassador Antonio L. Cabangon Chua Founder
Since 2005 ✝
John Mangun
Kamala Harris’ tech embrace halts Trump tide and fills war chest
By Biz Carson
Dustin Moskovitz gave $30 million to Kamala Harris’ campaign. Reed Hastings donated nearly $7 million. And Ben Horowitz gave $2.5 million to a super PAC that supports the Democratic candidate, just three months after he said he would back Donald trump.
The latest data from the Federal Election Commission show that Harris’ efforts to re-engage with the tech industry have paid off—literally— by encouraging new donations and stemming Silicon Valley’s pro-Trump shift. It’s helping to bolster her already substantial war chest heading into the critical final days of an election campaign where she’s been outraising and outspending Trump by more than two to one. Her campaign has been holding nearly weekly roundtables with business leaders in Silicon Valley and New York. It frequently involves billionaire venture capitalist Mark Cuban and Box Inc. Chief Executive Officer Aaron Levie as public envoys to the tech community, and dispatches her policy lead Brian Nelson and brother-in-law Tony West, an executive at Uber Technologies Inc., as surrogates.
In her public remarks, Harris has leaned into calling herself a capitalist and talked about startups and tax credits for founders. Her economic policy speech in Pittsburgh last month included tech buzzwords ranging from artificial intelligence to blockchain and quantum computing—topics that weren’t a focus of her early presidential campaign, though she supported some pro-tech policies as a senator.
A spokesperson for the Harris campaign declined to comment.
The shift has tech leaders hopeful that a Harris administration will be different from President Joe Biden on the issues they care about, like antitrust enforcement and cryptocurrency regulations.
“One thing I believe about Kamala Harris is, being from the Bay area, she really is listening to tech,” Shannon Nash, founder of Tech4Kamala, said in an interview. “We need a president who is going to be collaborative in coming up with rule-making.”
Harris is also leaning on her personal friendships with Silicon Valley’s power brokers. Horowitz, who’s known the vice president for years, said in a memo to staff earlier this month that he and his wife planned to make a “significant donation” to her campaign, months after he and partner Marc Andreessen said they were backing Trump. A representative for Horowitz declined to comment.
Biden frustration
SILICON Valley has long been a deepblue stronghold in liberal California, with backlash against those backing Republicans the norm. In 2016, over 140 tech leaders signed a scathing letter against Trump, saying he would be a “disaster for innovation.” Peter
continued from A26
nation rather than waiting a full 30 days for the statutory deadline to expire. In February 2021, the Biden administration said it was suspending the process because of an unprecedented number of merger filings. While the agencies said the suspension was temporary, the FTC and DOJ never reinstated the practice, even after the volume of deals slowed.
The justifications for pausing early terminations ended long ago, Republican commissioner Ferguson said. The return “removes a politically motivated bureaucratic burden on procompetitive transactions,” he said. The Republicans also balked at the FTC’s decision in late August to sign on to a deal with the NLRB and Department of Labor, the people said. On Sept. 27, the FTC quietly
Russia’s crude shipments advance for second consecutive week
RThiel’s support became a flashpoint for the industry, with his detractors calling on groups like Y Combinator to cut ties. The tension continued after Trump was elected, with protesters barricading the doors of Uber for working with his administration.
No one was protesting against Trump supporters on Sand Hill Road this summer. Many considered it more heretical to identify publicly as a Biden supporter than it was to be a Trump supporter.
While the broader tech industry has remained overwhelmingly Democratic, venture capitalists donated a record amount to Republicans, according to OpenSecrets data as of September 22.
And they’ve been loud about it: VCs David Sacks and Chamath Palihapitiya have used their podcast All-In to broadcast a pro-Trump message. Sequoia Capital partner Shaun Maguire posted on X that he’d donate $300,000 to Trump after the former president was convicted in New York of 34 felony counts (an amount since upped to $800,000). And, of course, Elon Musk has spent at least $132 million to elect Trump and his GOP allies, while also appearing on stage with Trump and holding his own campaign rallies.
“Trump has a lot of supporters in Silicon Valley; many are just afraid to admit it,” Sacks wrote after Maguire’s announcement. “But with each act of courage, like this one, the dam begins to break.” Silicon Valley’s pro-Trump shift came after four years of mounting frustration with the Biden administration, in particular the Federal Trade Commission, which sued Amazon.com Inc. and Meta Platforms Inc., and the Securities and Exchange Commission, which targeted Coinbase Global Inc.
“This has been a brutal assault on a nascent industry like I’ve never experienced before,” Andreessen said in the All-In podcast. “I’m in total shock that it’s happened. It’s been intensely frustrating and impossible to make progress on this with the White House.”
Venture firms and tech companies stepped up lobbying efforts, but ran into roadblocks on access. When the White House hosted an electric vehicle summit in 2021, Musk and Tesla Inc. were left out. Leaders like Andreessen and Horowitz had worked closely with politicians over the years, including Obama and Trump. Despite attempts to meet Biden, the duo was boxed out, getting White House officials instead. With assistance from Bill Allison / Bloomberg
backed out of the deal, without offering a reason. The FTC already has separate individual agreements with both the NLRB and the Department of Labor.
After the rule goes into effect, the FTC will establish parameters for when it may allow deals to close early without waiting the full 30 days. The final rule has yet to be published in the Federal Register and will go into effect 90 days after that.
At an Oct. 16 public appearance, Democratic commissioner Rebecca Kelly Slaughter said the new HSR rules were a “product of compromise,” acknowledging that the Democrats agreed to drop some features they had wanted.
“For me, the question at the end of the day is, does this proposed rule, compromises included, represent a meaningful and measurable improvement?” she said. “And I think it really does. With the unanimous support of all the commission, we can have confidence that the rule will have staying power.” Bloomberg
By Julian Lee
ussiA’s seaborne crude exports rose for a second consecutive week to reach the highest in a month.
Flows increased by 120,000 barrels a day, after adding a similar amount the previous week, with major ports on the Baltic and Pacific coasts operating near peak levels.
In contrast, four-week average cargoes slipped by 50,000 barrels a day to 3.41 million in the period to October 27, the first decline in five weeks. The drop reflected a spike in exports seen in the week to Sept. 29 falling out of the calculation. But shipments on this basis remained above the 3.4 million marker, a level exceeded only four times since mid-May.
Russia’s refining remains on course for a slump to the lowest since May 2022, leaving more crude available for export. Planned seasonal maintenance has cut runs, which may also be affected by lower margins that make processing at some facilities in southern Russia less attractive.
The increase in flows was boosted by small increases in the price of Russian crude, which helped lift the gross value of Moscow’s exports by about $50 million to $1.6 billion in the week to October 27.
Sanctions against tankers hauling Russian oil have become less effective in recent months, despite a growing number of ships being targeted. The list of tankers named for involvement in Moscow’s oil trade has risen to 90. But at least 16 shipments so far in October have been carried by sanctioned vessels, with half of those making the short trip between Russia’s Pacific export terminals and Chinese ports.
Crude shipments
A TOTAL of 32 tankers loaded 24.79 million barrels of Russian crude in the week to October 27, vessel-tracking data and port-agent reports show. The volume was up from a revised 23.93 million barrels on 32 ships the previous week. Despite the increase in weekly
shipments, four-week average flows fell to 3.41 million barrels a day, down by 50,000 from the previous week.
Russia’s more volatile daily crude flows in the week to October 27 rose by about 120,000 barrels to 3.54 million, driven by an increase in flows from the country’s Black Sea and Arctic ports, which more than offset lower shipments from the Pacific.
Crude shipments so far this year are about 40,000 barrels a day, or 1.3 percent, below the average for the whole of 2023.
One cargo of Kazakhstan’s KEBCO crude was loaded at Ust-Luga on the Baltic Sea and one at Novorossiysk on the Black Sea during the week.
Russia terminated its export targets at the end of May, opting instead to restrict production, in line with its partners in the Opec+ oil producers’ group. The country’s output target is set at 8.978 million barrels a day until the end of November, after a planned easing of some output cuts was delayed by two months.
Moscow has also pledged to make deeper output cuts in October and November this year, then between March and September of 2025, to compensate for pumping above its Opec+ quota earlier this year.
Export value
FOUR-WEEK average income slipped to about $1.57 billion a week, from $1.59 billion in the period to October 20.
On this basis, the price of Russia’s shipments from the Baltic and Black Sea in the four weeks to October 27 was up by about $0.20 a barrel from the period to October 20. Prices for key Pacific grade ESPO were higher by about $0.40 a barrel.
In the seven days to October 27,
the value of Russia’s crude exports increased to $1.6 billion from a revised $1.55 billion in the period to October 20. Income rose with a jump in weekly-average prices for Russia’s major crude streams adding to the effect of the higher export volume.
The price increase was in line with broader gains for oil amid fears that Jerusalem would target Iran’s oil infrastructure in retaliation for the missile barrage that the Persian Gulf nation launched against Israel at the start of the month. Those fears largely evaporated after the Israeli response at the weekend focused on Iran’s air defenses and other military targets, triggering a broad sell-off in oil when markets re-opened.
Export values at Baltic and Black Sea ports were up week-on-week by about $0.70 a barrel. Prices for key Pacific grade ESPO moved in the opposite direction, edging lower by about $0.10 compared with the previous week. Delivered prices in India increased, rising by about $0.60 a barrel, all according to numbers from Argus Media.
Flows by destination
Asia
Observed shipments to Russia’s Asian customers, including those showing no final destination, edged lower to 3.12 million barrels a day in the four weeks to October 27. That’s about 4 percent below the average level seen during the recent peak in April.
About 1.24 million barrels a day of crude were loaded onto tankers heading to China. The Asian nation’s seaborne imports are boosted by about 800,000 barrels a day of crude delivered from Russia by pipeline, either directly, or via Kazakhstan.
Flows on ships signaling destinations in India averaged 1.55 million barrels a day, down from a revised 1.68 million for the period to October 20. The Indian figures, in particular, are likely to rise as the discharge ports become clear for vessels that are not currently showing final
destinations. All of those are heading from Russia’s western ports toward the Suez Canal, with most of the cargoes that head through the waterway ending up in the south Asian nation.
The equivalent of about 140,000 barrels a day was on vessels signaling Port Said or Suez in Egypt. Those voyages typically end at ports in India or China and show up as “Unknown Asia” until a final destination becomes apparent.
The “Other Unknown” volumes, running at about 190,000 barrels a day in the four weeks to October 27, are those on tankers showing no clear destination. Most originate from Russia’s western ports and go on to transit the Suez Canal, but some could end up in Turkey. Others may be moved from one vessel to another.
Two Aframax tankers, Neon and Lefkada, transferred their cargoes into the Turbo Voyager and the Marathon off Egypt’s Port Said in the past two weeks. Two more are signaling their destinations as OPL Morocco, suggesting they may transfer their loads into a VLCC when they arrive there in early November. Separately, Greek navel exercises that have been running since May, forcing most ship-to-ship cargo transfers out of the Laconian Gulf and nearby waters, are due to end next month, unless they are extended again.
Europe and Turkey Russia’s seaborne crude exports to European countries have ceased, with flows to Bulgaria halted at the end of last year. Moscow also lost about 500,000 barrels a day of pipeline exports to Poland and Germany at the start of 2023, when those countries stopped purchases. Turkey is now the only short-haul market for shipments from Russia’s western ports, with flows in the 28 days to October 27 edging down to about 290,000 barrels a day from a revised 310,000 the previous week, which was the highest in more than three months. With assistance from Sherry Su /Bloomberg
Germany’s ruling coalition may have already quietly quit
By Kamil Kowalcze & Arne Delfs
GeRMAny’s ruling coalition is still in power, but the threeparty alliance currently exists in little more than name.
Behind the scenes in Berlin, talk of a breakup before scheduled elections next september has become more pronounced. some high-ranking officials have mused that the only thing that can save the so-called traffic light coalition is the fear factor that would result from Donald trump winning a return to the White House, according to people close to the situation, who asked not to be identified because the discussions were private.
The extent of the frayed relationship is on full display on Tuesday, with Scholz and Finance Minister Christian Lindner of the pro-business Free Democrats hosting parallel and partly competing meetings with industry officials to explore ways to revive the country’s stagnating economy. Neither invited the other, and both shut out Economy Minister Robert Habeck of the Greens, who last week surprised his cabinet colleagues with a proposal for a Germany Fund to bolster investment.
Scholz, Habeck and Lindner have been key over the past three years to brokering compromises within the coalition, but they’ve lost each other’s trust to some degree and shifted focus to winning over voters rather than trying to find common ground, the people said.
The strains aren’t a secret. During a visit to India this weekend, a student asked Chancellor Olaf Scholz how it is to lead the three-way alliance. The Social Democrat laughed and said: “Well, I want to be very honest with you. The coalition government which I’m leading is not the easiest in the world.”
Speaking after Lindner’s event in Berlin, participants stressed that they expect the coalition parties to join forces and deliver.
“They need to work together— and I stress together—to make the right economic policy,” said Rainer Dulger, head of the BDA employers group. “Political posturing must now be followed by action.”
Tensions between the parties have been rising for months as budget constraints collide with a sputtering manufacturing sector that’s struggling with a slowdown in China and high energy and labor costs. Europe’s largest economy, which releases GDP data on Wednesday, has likely been in recession since April.
A survey of 25,000 German companies published on Tuesday showed that fewer firms are upbeat about their business.
“We aren’t just dealing with an economic crisis, but also a persistent structural crisis in Germany,” said Martin Wansleben of the DIHK Chambers of Industry and Commerce. “The feedback from companies supports fears that things could get even worse” in 2025, he said. Anxiety over living standards has fueled anti-immigrant sentiment and caused all three parties to lose support in polls compared with the last election in 2021. The FDP’s current support would put it at risk of failing to make it into the lower house of parliament.
The extent of the frayed relationship is on full display on Tuesday, with Scholz and Finance Minister Christian Lindner of the probusiness Free Democrats hosting parallel and partly competing meetings with industry officials to explore ways to revive the country’s stagnating economy.
With their fortunes fading, the ruling parties have been using their platform in the government to burnish campaign profiles. Scholz caught his partners wrong-footed about two weeks ago when he surprisingly announced an “industry pact” with business leaders helmed by himself. Both Habeck and Lindner were unaware, although they had pushed Scholz to take further steps to ease the burden on businesses in recent months.
Habeck reacted to Scholz’s proposal a few days later by floating the idea of subsidizing as much as 10% of company investment. Lindner, a fiscal hawk, dismissed the idea as a potential violation of European Union restrictions on state aid.
The FDP leader then let his parliamentary caucus schedule a meeting with small and medium-sized companies and business associations not invited to the chancellor’s summit. That meeting takes place just hours before Scholz hosts union and manufacturing representatives on Tuesday.
“There is no lack of proposals,” said Jürgen Goldinger, chief executive officer of German ventilation specialist Maico Holding and part of a business delegation that traveled to India last week with Habeck. “It seems difficult to reach a consensus across party lines and then find a
pragmatic way to make decisions.”
The partial dysfunction creates a power vacuum in Germany that threatens to ripple across Europe as the region seeks to uphold support for Ukraine’s defense against Russia. But the stakes are high for any party that pulls out of the coalition.
Although Scholz’s government is deeply unpopular, Germans value stability and the political damage for pulling out of the coalition could be severe. The FDP is seen as the weakest link, but with support hovering below the 5% threshold to get into the Bundestag, losing the finance ministry, as a platform for the party’s fiscally prudent policies could be costly.
Aside from political tactics, more trouble is brewing for the coalition. The 2025 budget must be approved by lawmakers in the German parliament in about two weeks, but there’s still a shortfall of as much as €10 billion ($11 billion) to close. Keeping the country’s net borrowing limit enshrined in the constitution is Lindner’s top priority and conflicts with the economic incentives sought by Habeck.
“We are now in the middle of what I call the autumn of decisions,” Lindner said last week in Washington after announcing that there was no scope for further spending and that even more consolidation was needed. Another stumbling block could once again come from Germany’s top court, which triggered a government crisis in November last year by decision that special off-budget funds were unconstitutional. The judges of the federal court are expected to rule this year on a levy for high earners, the so-called solidarity charge, which could potentially spark a new financing crunch for the government. With assistance from Sonja Wind / Bloomberg
4.
5. CAI, PEIYANG Project Coordinator
Brief Job Description: Plan, organize, and direct the activities of a construction project, under the direction of a general manager.
6. DAI, GUOLIANG Project Coordinator
Brief Job Description: Plan, organize, and direct the activities of a construction project, under the direction of a general manager.
Competent in Microsoft applications including Word, Excel, and Outlook. Knowledge of file management, transcription, and other administrative procedures or a related field. With good communication and interpersonal skills.
Salary Range: Php 30,000 - Php 59,999
Basic Qualification: Bachelor’s degree in Business or related field of study. Competent in Microsoft applications including Word, Excel, and Outlook. Knowledge of file management, transcription, and other administrative procedures or a related field. With good communication and interpersonal skills.
Salary Range: Php 30,000 - Php 59,999
Basic Qualification: Bachelor’s degree in Business or related field of study. Competent in Microsoft applications including Word, Excel, and Outlook. Knowledge of file management, transcription, and other administrative procedures or a related field. With good communication and interpersonal skills. Salary Range: Php 30,000 - Php 59,999
8. WANG, SHIXU Project Coordinator
Brief Job Description: Plan, organize, and direct the activities of a construction project, under the direction of a general manager.
9. ZHAO, YI Project Coordinator
Brief Job Description: Plan, organize, and direct the activities of a construction project, under the direction of a general manager.
AGENCE FRANCE-PRESSE 5th/flr. Kings Court Ii, Pasong Tamo St., Pio Del Pilar, City Of Makati
WILLIAMS, CHAD DAVID Bureau Chief - Manila Office
Brief Job Description: Responsible for overseeing and
10.
Basic Qualification: Bachelor’s degree in Business or related field of study. Competent in Microsoft applications including Word, Excel, and Outlook. Knowledge of file management, transcription, and other administrative procedures or a related field. With good communication and interpersonal skills.
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Basic
7. WANG, KAI Project Coordinator
Brief Job Description: Plan, organize, and direct the activities of a construction project, under the direction of a general manager. Basic Qualification: Bachelor’s degree in Business or related field of study. Competent in Microsoft applications including Word, Excel, and Outlook. Knowledge of file management, transcription, and other administrative procedures or a related field. With good communication and interpersonal skills.
Salary Range: Php 30,000 - Php 59,999
City Of Taguig
11. KARLSEN, DANIEL AARON Senior Manager, Servicing
Brief Job Description: Responsible for managing all activities of the Servicing Department and Manila Operations, deliver best in industry service and for strengthening customer relationships.
Soft commodity prices, higher costs slash Semirara 9-mo income
ond half.
By Lorenz S. Marasigan @lorenzmarasigan
Integrated energy company
Semirara Mining and Power Corp. (SMPC) reported a 31-percent decline in net income in January to September due to softer prices and increased production costs across its coal and power operations.
Based on a disclosure to the stock exchange, SMPC said it saw its profits drop to P15.71 billion from P22.62 billion during the nine-month period, as coal market indices also declined.
In the third quarter alone, SMPC’s profits fell by 8 percent, reaching P3.1 billion compared to the previous year’s P3.4 billion.
“As anticipated, stabilizing market prices exerted pressure on our margins. Our third-quarter results also reflect the seasonal impact of the rainy season on coal shipments and electricity prices, both of which we were able to partially offset through focused cost management and operational efficiency initiatives,” said SMPC President and COO Maria Cristina C. Gotianun.
holding steady at $51.70.
From July to September, coal market indices showed a slight decline, with the Newcastle Index (NEWC) falling by 5 percent to $140.30 and the Indonesian Coal Index 4 (ICI4)
The average selling price of SMPC’s coal dropped by 15 percent, down to P2,811 per metric ton due to higher shipments of lower-grade coal.
However, foreign coal demand was strong, with shipments to China and other export markets pushing
She said the contribution of SemCalaca Power Corp. (SCPC) Unit 2,
total shipments up by 16 percent to 2.9 million metric tons.
Looking forward, Gotianun expressed a cautious but balanced outlook, expecting coal and electricity prices to remain stable for the rest of the year.
“For the remainder of the year, we expect coal and electricity prices to remain stable. Our focus is on meeting our coal production target of 16 million metric tons and achieving a balance in our contracted generation capacity mix.”
Gotianun said last September that the company is banking on the improved performance of its power business to boost income in the sec-
Editor: Jennifer A. Ng
Companies
STI net income surges 84% on increase in enrollment
By VG Cabuag @villygc
STI Education Systems Holdings
Inc. said it posted a net income of P1.6 billion for its fiscal year ending June 30, an 84-percent increase from the previous year’s P873.8 million.
The company said this growth was driven by “significant improvements” in student enrollment and efficient cost management across its schools.
Revenues for the year rose 38 percent to P4.7 billion from the previous year’s P3.4 billion, which it attributed to higher enrollment numbers. This resulted in a P1.2billion rise in tuition and other school fees, totaling P4.3 billion in 2024.
For the school year 2023-2024, enrollment reached 119,543, up by 27 percent from the previous year’s 94,312.
STI schools also recorded a 35-percent increase in new students, with 55,982 enrollees joining for the current school year, compared to 41,565 the previous year.
STI Education Services Group, which operates 63 campuses nationwide, registered a 27-percent increase in enrollment, with 103,982 students across its owned and franchised schools.
STI West Negros University (WNU) in Bacolod City, which has been granted autonomous status by the Commission on Higher Education (CHED) on September 16,
reported a 30-percent growth in enrollment, reaching 13,328 students for 2023-2024, compared to 10,218 in the previous school year.
Meanwhile, iACADEMY, known for its focus on technology and design programs, maintained a total of 2,233 enrollees for the school year.
Enrollment in programs regulated by CHED grew by 25 percent, reaching more than 83,000 students, up from 66,000 in the previous year. Programs under the Department of Education (DepEd) also saw growth, with 34,709 students enrolled in primary and secondary levels, including Junior High School and Senior High School, a 31-percent increase from the previous year.
The company said it recently completed the construction of the
School of Basic Education building at STI WNU, alongside the construction of new buildings in STI Ortigas-Cainta and STI Lipa and classroom expansion and renovation projects at various STI ESGowned schools. These projects are part of the group’s ongoing efforts to enhance the learning environment for students and faculty, it said.
STI said it secured two key properties in Tanauan, Batangas, and South Park District in Alabang, Muntinlupa to house future schools.
The establishment of new campuses is part of STI’s long-term strategy to expand its presence in key cities across the Philippines, providing more students with access to high-quality education, the company said.
Why purchase a life plan?
PLANNING for the future is often associated with saving for a home, education, or retirement. However, one crucial aspect of future planning that is frequently overlooked is memorial planning. A memorial or life plan is an essential investment that ensures your family is spared from the financial and emotional burden of arranging a funeral during a time of grief. Here’s why purchasing a life plan is a wise and thoughtful decision.
1. Financial Security and Peace of Mind
Funeral costs can be overwhelming and unexpected, encompassing expenses for caskets, burial plots, memorial services, transportation, and legal documentation. By purchasing a life plan, you ensure the availability of memorial services, preventing your loved ones from facing inflated costs in the future. This financial foresight not only protects your family from unplanned expenses but also brings peace of mind, knowing that everything is covered.
Continued
Companies
ERC mulls over payment options in storm-hit areas
By Lorenz S. Marasigan @lorenzmarasigan
The energy Regulatory Commission (eRC) is weighing a temporary suspension of power disconnections and payment collections in areas recently ravaged by Severe Tropical Storm Kristine.
In response to a directive from President Ferdinand R. Marcos Jr. to support the recovery of affected communities, ERC OIC Chairperson and CEO Jesse Hermogenes T. Andres said the commission is “currently developing measures that would allow for staggered payment options for electricity bills.” He said this will help alleviate the financial strain on Filipinos in storm-hit areas.
consumers,” he said.
ious government agencies in Bicol, the hardest-hit region in Luzon.
DOE said a total of 61 fuel tankers have delivered an estimated one million liters of gasoline and diesel and 22,000 11-kilogram per cylinder of liquefied petroleum gas (LPG) in the Bicol region, the DOE said.
Continued from B3
2. Eases the Emotional Burden
Losing a loved one is an emotionally difficult time for any family. Planning a funeral while grieving can intensify this emotional strain, leading to rushed decisions and added stress. With a life plan in place, your family can focus on mourning and honoring your memory, knowing that all necessary arrangements have already been taken care of. This thoughtful act reduces anxiety and allows for a more meaningful farewell.
ditionally, life plans can be customized to suit your budget and needs, making it a practical choice for anyone who wants to plan ahead without financial strain.
6. A Lasting Gift for Your Loved Ones While discussing end-of-life planning may feel uncomfortable, purchasing a life plan is one of the most loving and responsible things you can do for your family. It relieves them of
Andres said the ERC is “appealing to all Distribution Utilities (DUs) to take similar measures that will ease the burden of electricity costs in severely affected areas by allowing staggered collection of payments from October to December 2024.”
“In consideration of the coming holiday season, DUs should observe a moratorium on the disconnection of electricity service of distressed
On Tuesday, Mr. Marcos ordered the ERC to “study the immediate implementation of a moratorium on electricity line disconnection and payment collection for the period of October to December 2024 in areas under a state of calamity due to Kristine.”
Beyond offering flexible payment terms, the ERC has also requested the National Grid Corp. of the Philippines (NGCP), private DUs, and Electric Cooperatives (ECs) in impacted zones to expedite repairs and restore electricity where power infrastructure sustained damage from the storm.
Kristine left numerous communities without power and access to essential services, especially in the 161 cities and towns that were placed under a state of calamity— mainly in Bicol, Eastern Visayas, and Calabarzon.
The Department of Energy (DOE) announced last Tuesday that it has stepped up its fuel caravan operations in partnership with var -
At least 42 of the tankers carrying gasoline and diesel and the 19 LPG tankers have reached several provinces across the Bicol region, including Albay, Camarines Sur, Camarines Norte, Sorsogon, and Masbate, the DOE added.
Currently, 180 out of 236 retail outlets, or about 76 percent, are operational and able to supply fuel, providing essential resources to communities and responders as they continue with recovery efforts and daily operations.
On the LPG supply, DOE noted that these 22,000 cylinders which can supply 22,000 households will last for two to three weeks. Additionally, the one million liters of petroleum products are sufficient to fuel around 25,000 units of ambulances.
3. Ensures Personal Preferences Purchasing a life plan allows you to specify your preferences for your final arrangements. From the type of service to burial or cremation options, you have full control over how you want to be remembered. This personal touch ensures that your wishes are respected, providing comfort to both you and your family in knowing that everything will be carried out according to your desires.
4. Prevents Family Conflict In many cases, families are left to make quick decisions about funeral arrangements without knowing what their loved one would have wanted. This can lead to disagreements and conflicts at a time when unity and support are most needed. Having a life plan in place removes any ambiguity and ensures that all decisions have been made in advance, promoting harmony within the family during a difficult time.
5. Affordable Payment Options Many life plans offer flexible payment terms, allowing you to pay for your plan in installments. This makes it easier to manage the cost over time rather than having to pay a large sum all at once. Ad-
ness of the Aboitiz-led Union Bank of the Philippines and the First Metro Asset Management Corp. (FAMI) from the Ty family.
Unionbank confirmed that “there are ongoing discussions” between Atram and the bank on the issue. “But nothing has been finalized,” the bank said in its disclosure to the Philippine Stock Exchange.
Ty-led Metropolitan Bank and Trust Co., meanwhile, said in separate disclosures that the board of its investment banking arm First Metro Investment Corp. (FMIC) approved last Wednesday the sale of all of its shares in FAMI to the Atram Group, “as part of its strategy to focus on the investment banking business.”
The said sale would be to a consortium consisting of MET Holdings Inc., the Atram Group, led by its parent firm (Atram Investment Management Partners Corp.) and shareholder ATR Holdings Inc.
“The Atram Group is a reputable and respected player in the industry for its expertise in fund management. We are confident that it can carry out what we have started in FAMI and even bring the company to greater heights,” FMIC President Anthony R. Ocampo Jr. said.
No other details were given on the price of the sale.
”FAMI is a valuable acquisition for us as we aim to expand our fund management operations in the country. It is a strategic business move given its mix of funds,” Manuel N. Tordesillas, ATR Kim Eng AMG Holdings Inc. president and Atram Trust Corp. chairman, said.
“The parties in this transaction wish to assure FAMI’s clients of a smooth transition and uninterrupted continuation of business. Part of FAMI’s mission is to be a trusted steward who promotes investment literacy, creates in-
novative investment solutions, and provides exceptional customer experience, thereby transforming Filipinos from savers to investors. ATR Holdings and Atram are enthusiastic to be given the opportunity to carry out FAMI’s mission further,” Tordesillas said.
The entry of the Atram Group will not affect the company’s current leadership team to ensure continuity and stability of the Company’s operations, it said.
Meanwhile, FAMI’s quality of service will remain unchanged and most importantly, clients can rely on the same dedication and expertise that it has always provided, the company said.
ATR Holdings is the holding company of the original principals of the ATR Kim Eng Group who included Tordesillas, Ramon B. Arnaiz and Lorenzo T. Roxas.
The ATR Kim Eng Group was previously involved in investment banking, stock brokerage, asset management, insurance and real estate.
The Atram Group is an independent asset and wealth management firm serving institutional clients and retail customers through intermediaries, by providing products and customer experiences delivered through technology-enabled platforms. Its goal is to secure its clients’ financial future.
MET Holdings, meanwhile, is an investment holding company specializing in profitable business ventures and other value-producing endeavors.
FAMI was established in 2025, after the signing First Metro signed a joint venture with the Catholic Educational Association of the Philippines (CEAP) and the Marist Brothers Congregation Philippines Inc. The purpose of FAMI is to enhance the investment literacy and provide reputable investment products to education and religious sectors, the company said in its website.
FMIC owns 70 percent of FAMI while CEAP and Marist each owns 15 percent.
Govt set aside only ₧4.53B for women, peace, security
By Reine Juvierre Alberto @reine_alberto
MERELY 0.51 percent or about P4.53 billion was allotted for government agencies implementing women, peace and security (WPS) initiatives in 2023, according to the Philippine Commission on Women (PCW).
In a news briefing at the International Conference on Women, Peace and Security last Wednesday, PCW Chairman Ermelita V. Valdeavilla said out of the P888.2billion budget allocated for gender and development (GAD), less than 1 percent went into WPS initiatives.
Latest GAD budget report of the PCW showed that 16.68 percent of the P3.513-trillion national budget in 2023 was allocated for GAD.
Pangandaman called upon government agencies and LGUs to mainstream gender equality into their budget proposals.
“When they prepare their budget, they should mainstream everything, [incorporate] women into this already,” Pangandaman said.
Gender mainstreaming has been adopted in the MCW to promote, protect and fulfill women’s human rights and achieve gender equality.
Further, a P114-billion allocation for the “Pantawid Pamilyang Pilipino” program (4Ps) is expected to benefit about 4.4 million Filipino households in 2025.
The “Small Enterprise Technology Upgrading” program of the Department of Science and Technology will also be funded with P944 million to support a gender-responsive micro-sized, small and medium-sized enterprises sector and improve women’s access to capital.
In terms of GAD budget utilization, Valdeavilla noted that only 3 percent was allotted for women empowerment and participation while 62 percent was used for protection and prosecution.
All government departments and agencies including local government units (LGUs) are mandated to allot a minimum of 5 percent of their budget for gender programs, projects and activities under the Magna Carta for Women (MCW).
Budget Secretary Amenah F.
“We have to really examine where the money is going because if we are talking about leadership and participation, then we should be investing in women’s capacity building,” Valdeavilla underscored.
Moreover, Pangandaman shared that in a parliamentary discussion with Senator Loren Legarda, the lawmaker said MCW must be amended, increasing the share of GAD initiatives in the national budget to more than 5 percent.
2025 budget FOR next year, about P800 million will be included in the national budget for pregnant and lactating mothers to ensure the health and nutrition of their children during the first 1,000 days of their life.
Cash grants will be given directly to mothers of eligible households to increase their ability to invest in the well-being of their families.
Similarly, the “Pondo sa Pagbabago at Pag-asenso” or the P3 Program (Fund for Change and Progress) of the Department of Trade and Industry (DTI), which is aimed at increasing women’s access to financing, will be allocated P1.5 billion.
DTI’s One Town, One Product Philippines program providing space for women’s enterprises will also be given P93 million.
“Our programs under the proposed Fiscal Year 2025 National Budget are built on the principle that enabling women to be leaders in peace and security begins by nurturing their capabilities through economic support, education, and climate crisis protection,” Pangandaman said in her speech earlier.
Barriers to improved finances worry Pinoys
By VG Cabuag @villygc
Areport by the Manulife Investment Management and trust Corp. revealed that Filipinos are fretting over their financial situation in the next decade.
“Most Filipinos are concerned with external factors interfering with their ability to build financial resilience and achieve their goals,” according to the financial resilience and longevity report.
The report bared that some 63 percent of those surveyed were concerned that insufficient savings may hinder their ability to build financial resilience.
About 61 percent worry about unexpected medical expenses while 37 percent were concerned about reduced income. These were factors that pose significant challenges to strengthening their financial security, it said.
“People in the Philippines say
cash and bank deposits will play a large role in achieving their financial goals, and almost a third say they’ll need additional employment,” the report said.
“With life expectancy rising throughout the region, it’s imperative that consumers begin planning earlier and more comprehensively. The report sheds light on how individuals in different markets can build financial resilience and prepare for a secure future. The retirement industry, along with governments and employers, play a critical role in supporting an aging population and helping consumers save and invest for their extra years of longevity,”
Calvin Chiu, the company’s head of
Asia retirement, said.
“We’ve surveyed people in Asia to understand how they feel about their finances today and their ability to fund and enjoy their retirement. With this insight, retirement plan sponsors, financial intermediaries, and retirement plan providers can help people build financial resilience so they can thrive today and throughout their lives,” the report said.
Countries that were surveyed included mainland China, Hong Kong, Japan, Singapore, Malaysia, Indonesia, Philippines and Vietnam.
The report revealed that financial resilience was essential to navigating common obstacles such as debt, healthcare costs, and emergencies. Consumers across Asia recognized the importance of saving for retirement, yet many struggle to balance short-term financial needs with long-term goals.
On average only 39 percent of people across all age groups feel good about their finances today, but an average of 52 percent of respondents feel the situation could improve in 10 years’ time.
Top concerns that may affect their ability to build financial resilience include lack of or insufficient savings, unexpected medical expenses and lack of or reduced income, it said.
Good securities trade boosts EastWest
By Cai U. Ordinario @caiordinario
BENEFITTING from the favorable securities trading environment, East West Banking Corp. (EastWest) saw its income post double-digit growth in the nine-month period and in the third quarter this year.
In a disclosure to the Philippine Stock Exchange, the lender saw its net income increase by 20 percent to P5.8 billion in January to September 2024.
The data also showed the bank’s net income soared 49 percent to P2.3 billion in the July to September period this year.
“Our September results reflect our sustained momentum across key segments. While we benefited from the trading environment, it’s the strength of our core businesses that continues to drive our overall performance,” said the bank’s CEO Jerry G. Ngo. EastWest reported that net revenues rose 26 percent to P32.2 bil-
FBy Lorenz S. Marasigan @lorenzmarasigan
USE Lending Inc., an affiliate of GCash mobile wallet operator Globe Fintech Innovations Inc. (GFII), announced it is providing a 1-month grace period on repayments for borrowers across regions devastated by Severe Tropical Storm (STS) Kristine/Trami.
Through Fuse Lending, GFII said the grace period extends to borrowers (via the “GLoan” and “GGives” features of the GCash app) across the Calabarzon region and Regions V, VIII and IX. This grace period
briefs
lion for the period, compared to the same period last year.
Part of this growth was its securities trading income, which amounted to P1.4 billion. EastWest said its securities trading income was also boosted by the Bangko Sentral ng Pilipinas (BSP) easing cycle.
“Excluding trading income, revenues still grew by a healthy 23 percent, reaching P30.8 billion,” EastWest said in a statement.
The lender’s net interest income grew 23 percent to P25.1 billion, bolstered by the bank’s focus on consumer lending, which now accounts for 83 percent of its total loan portfolio.
This focus helped maintain a strong net interest margin of 8.1 percent, well above the industry average. Non-interest income jumped 39 percent to P7.1 billion, driven by fees related to consumer lending and other sources.
Meanwhile, the country’s 11thlargest lender in terms of assets said its operating expenses increased by
applies to loan payments due from October 16 to November 7, with extended repayment deadlines falling a month later, according to the lending company. A document from the Securities and Exchange Commission cites that Fuse Lending applied a monthly interest rate from 1.80 percent to 6.00 percent in 2020.
“We stand with the communities affected by Severe Tropical Storm Kristine and are committed to helping them rebuild their lives,” Anthony Isidro president and CEO of Fuse Lending, was quoted in a statement as saying. “Every single effort counts and together, we can
23 percent to P17.9 billion on the back of its “growing business.”
Despite higher expenses, the bank said its cost-to-income ratio improved to 55 percent, demonstrating the Bank’s operational efficiency amidst revenue growth. EastWest’s total assets rose by 12 percent to P497 billion, with loans and receivables increasing by 13 percent to P321.3 billion, led by a strong 17 percent growth in consumer loans.
Personal loans grew by 52 percent, credit card loans by 35 percent, and auto loans by 11 percent. Deposit growth, particularly from CASA deposits, also saw a 10 percent rise to P371 billion, with a CASA ratio improvement to 79 percent. Capital ratios, meanwhile, remain at a healthy 13.7 percent and 12.9 percent for Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) ratio respectively, well above the regulatory requirements.
GCash borrowers given grace period PHL to host 41st Asean SS Assoc Meetings in Nov
make a significant difference.” According to GFII, it also activated a donation channel within the GCash app, enabling users to contribute to organizations conducting relief and recovery operations in the areas affected by STS Trami. According to GFII, the donations can be made under the “Pay Bills” section in the GCash app and all transaction fees are waived to maximize contributions. GFII is cautioning users to donate only through official channels within the app, ensuring that contributions reach legitimate relief efforts and protecting users from fraudulent schemes.
➜ Security Bank, SGV Davao Forum offers insights DAVAO City—Security Bank Corp. announced it hosted the third leg of its 2024 Business Forum with SyCip Gorres Velayo (SGV) & Co. “as part of its commitment to provide clients with valuable insights for everyday business and investment decisions.” themed “Unlocking opportunities for growth and investment,” the seminar delved into Mindanao’s socio-economic development, sector-specific investment opportunities, and wealth management and succession planning, according to the lender. the forum coincided with the grand opening of the bank’s 330th branch located at Rizal corner Mabini Street, Mati City, Davao Oriental. “We always look forward to being part of the conversation, because it is always our role to share the stories of transformation that we are now seeing,” said Mindanao Development Authority Assistant Secretary Romeo M. Montenegro. “We want at the LGU level—even at the barangay level—to be able to understand that we collectively share our agenda for Mindanao, not just in terms of peace, but also in terms of accelerated and sustained development.”
➜ Maybank extends credit facility to Asialink MAyBAnk Philippines inc. has extended a P1-billion credit line facility to Asialink Finance Corp., the latter announced last Wednesday after executives of both firms signed a contract on October 29. Maybank President and CEO Patrick Dennis L. Solosa was quoted in a statement as saying the lender is “excited to expand [its] reach in the SME [small and medium-sized enterprises] sector, not only by increasing the range of clients we can serve but also by enhancing the level of service we extend to each one.” “With Maybank’s support, we can further our commitment to empowering Filipino entrepreneurs. this partnership enables us to expand our loan offerings, providing MSMEs with greater access to capital to grow their businesses and contribute to economic development,” Asialink CEO Robert B. Jordan Jr. said through the same statement.
➜ EastWest upgrades credit cards’ features tHE East West Banking Corp. announced it recently unveiled the upgraded features of the “EastWest Singapore Airlines krisFlyer World” and “Platinum Mastercard” credit cards. EastWest Bank Senior Vice President and Credit Cards Business Head Aylwin Mia P. tamayo was quoted in a statement as saying the lender “enhanced” the credit cards “in our continuing commitment to providing premium travel experiences to our valued customers, especially those who are fond of ‘travel hacking.’” the additional perks include purchase to-miles conversion rate of 1 krisFlyer mile per P12 spent on EastWest Singapore Airlines krisFlyer
TRENGTHENING social protection systems, expanding coverage to workers and building more sustainable institutions take center stage as the Philippines hosts the 41st Asean Social Security Association (ASSA) Meetings from November 25 to 27, 2024, the Government Service Insurance System (GSIS) announced last Monday.
According to the GSIS, the ASSA meetings will convene industry leaders and representatives from social security institutions across Association of Southeast Asian Nations (Asean) member states to advance the region’s commitment to a more comprehensive and inclusive social protection framework. The meeting agenda focuses on the trends faced by the industry, the empowering role of technology and the implementation of comprehensive approaches to social security within the Asean region.
“As the Asean continues to grow as a vital region for economic progress, it is our privilege to host this significant conference alongside [the] SSS [Social Security System] and PhilSSA [Philippine Social Security Association] members,” GSIS President and General Manager Jose Arnulfo A. Veloso was quoted in the statement as saying. “This event represents a unique opportunity to showcase our leadership in shaping regional social security policies and provides a platform for meaningful exchanges among Asean nations—an essential step towards building a future wherein the social security system across the region is inclusive and equipped to protect every worker.”
Veloso, who is also the vice chairman of the ASSA, seeks leaving delegates to the meetings with “a lasting impact” and making the event “an inspiring success.” Preparations are underway to accommodate the expected influx of international delegates, with local authorities and event organizers working in close partnership to ensure the success of the event. The meeting is expected to bolster the Philippines’s role as a key player in regional collaboration, enhancing the integration and effectiveness of social security systems across Southeast Asia.
The 41st ASSA Meetings will feature panel discussions, interactive sessions and keynote messages from leading experts and Asean leaders. The outcomes and recommendations from this event will contribute to the broader Asean agenda and generate actionable insights and strategies that will strengthen cooperation and drive forward the enhancement of social protection networks across the region.
Aside from the GSIS and the SSS, the Philippine
the Home Development Mutual (Pag-IBIG) Fund and the Employees’ Compensation Commission also form the PhilSSA.
Banking&Finance
Trader’s $10k spoofing profit haunts Nomura
By Takashi Nakamichi, Takahiko Hyuga & Donal Griffin
AT 8:45 am on a spring day in 2021, a Nomura Holdings Inc. trader began a series of complex transactions over five hours on the Osaka Exchange that would earn Japan’s largest securities firm next to nothing but cost it dearly.
Using a tactic called layering, a version of spoofing, the trader offered to sell derivatives linked to more than a billion dollars’ worth of Japanese government bonds only to subsequently cancel the positions. As rivals cut their own prices in response, the trader snapped up the cheaper contracts and then resold them.
The profit from the flurry of trades was just ¥1.5 million ($10,000).
The repercussions are only now becoming clear. Last month, Japan’s Securities and Exchange Surveillance Commission recommended a ¥21.8 million fine as punishment for the trade, following an investigation. In quick succession, a slew of clients took the firm off of debt underwriting deals, and the broker lost its primary dealer privileges at government debt auctions for about a month as Nomura admitted it had manipulated the market.
In addition to the financial pen-
alties, Tokyo-based Nomura is suffering a fresh blow to its reputation following various scandals over recent years—including several data leaks and a multi-billion dollar loss in the collapse of Archegos Capital Management.
The firm’s problems are deepening as Nomura’s rivals double down on efforts to poach clients. Faced with a wave of public criticism, the firm is hunkering down and some staff have been encouraged to avoid meals with people from outside the company, according to people familiar with the situation. Human resources have gone so far as to call new recruits scheduled to join the company next year or their parents to offer explanations about the setback as well as reassurance about starting their careers at Japan’s biggest brokerage.
“The damage is done,” said Hideyasu Ban, an analyst with Bloomberg Intelligence. “The firm
will need to explain how it changed and reinforced the system and monitoring to prevent similar events in the future. Whenever firms and the industry face these issues, they need to work hard to regain the market participants’ confidence and trust.”
The latest setback marred what has otherwise been a very good year for Nomura. Chief Executive Officer
Kentaro Okuda has led a revival in earnings with trading surging in Japan’s domestic markets. The company is forecast to show an 79 percent increase in net income when it reports its financial results on Nov. 1. That would mark the third straight quarter of expansion, the longest period of growth in nearly a decade, based on filings. The company’s performance has helped shield its stock from the scandal, with its shares gaining 3.8 percent since Sept. 25 when news of the scandal first broke, compared with a 1.2 percent gain in the benchmark Topix.
The company has also focused on improving internal controls. Christopher Willcox, who took the helm of Nomura’s wholesale business of trading and investment banking in the aftermath of both the Archegos losses and the layering trades, has based his tenure on achieving “stability.” He cited the word six times in a May 14 presentation.
Willcox’s division has thrived in recent years, generating increases in revenue from both fixed-income and equities trading amid the heightened volatility. There are few better exam-
ESG debt mart about to see pipeline
AN emerging ESG debt mar-
ket that’s been embraced by bankers at JPMorgan Chase & Co. and Bank of America Corp. is about to see its pipeline get a meaningful boost, thanks to an agreement struck in Colombia.
The market for so-called debtfor-nature swaps is set to benefit from a plan by six nonprofits to construct a shared pipeline of deals that will be shaped by common standards. The accord was announced on Tuesday at the United Nations biennial biodiversity summit, COP16, and signed by groups including The Nature Conservancy, Conservation International and WWF. They say such swaps could unlock up to $100 billion in climate and nature finance.
“We are building not only the standards and practices, but the ability to go further, faster, together,” said Jennifer Morris, chief executive of The Nature Conservancy.
If done right, the swaps allow a country to refinance its debt on better terms and allocate part of the savings to environmental protection.
Recent deals include a $1 billion refinancing deal for El Salvador led by JPMorgan. In 2021, The Nature Conservancy and Credit Suisse constructed the first debtfor-nature swap to include private creditors, with a deal for Belize. The nonprofit has since helped push through transactions in Barbados and Gabon.
The coalition of nonprofits has already started to build a pipeline of potential projects, a spokesperson told Bloomberg.
Access to affordable capital for protecting biodiversity has emerged as key flash point at the COP16 talks, which started on October 21 and run until November 1. In 2022, almost 200 countries agreed to reverse nature loss by the end of the decade. So far, however, they’re nowhere near meeting their commitment to provide the hundreds of billions of dollars in financing needed to do so.
Delegates are working to define a finance strategy, but countries are clashing on the approach. Developing nations want more money and lower financing costs, as they
grapple with the worsening fallout of extreme weather and bloated debt burdens.
The scale of the challenge surrounding sovereign debt conversions “requires radical collaboration,” the group of six nonprofits said in a statement. “Collaboration on debt conversion projects can lead to better outcomes for climate, conservation, and people.”
The coalition, which also includes the Pew Charitable Trusts and Re:wild, will develop common standards for structuring deals and a shared pipeline of new instruments. It will also work to expand the amount of public funds available to de-risk the deals in order to attract private investors at affordable rates for the borrower country.
Carter Roberts, chief executive of the World Wildlife Fund in the United States, described the coalition’s initiative as a “grappling hook” that’s being thrown “into market-based mechanisms and financial vehicles that will transform sovereign debt into funding for conservation.” Bloomberg News
JPMorgan sees fear receding in a $1.8T loans market
IN a corner of the credit market that regulators last year characterized as a potential hot-bed of greenwashing, there are signs that bankers have been cracking down on corporate pitches.
Paul O’Connor, head of EMEA sustainable finance, debt capital markets at JPMorgan Chase & Co., says corporate clients are now taking the time to “properly” put together their pitches for so-called sustainabilitylinked loans. As a result, the market is seeing “more sensible structures,” he said.
SLLs form one of the least regulated corners of ESG finance. They’re also one of the biggest. Since the first SLL was arranged roughly seven years ago, the market for such loans has grown to almost $1.8 trillion, according to data compiled by BloombergNEF.
“The fear has receded a bit as people have gained experience and they are a bit more confident now about coming forward with these things,” O’Connor said in an interview.
ples than its domestic market: hedge funds have flocked to the market for Japanese sovereign debt as a shift in central bank policy stimulated trading in the country.
Still, he has little room for error. Costs at the wholesale division account for more than 90 percent of revenue, compared with 70 percent at Morgan Stanley’s institutional securities unit and less than 60 percent at Goldman Sachs Group Inc.’s global banking and markets business.
That progress is now threatened by the scandal. At least 10 firms, which include major life insurers, trust banks and asset management firms, have temporarily suspended some business activities with Nomura because of the breach, according to people familiar with the matter. Additionally, other clients have taken the company off of underwriting Japanese debt. That’s damaged Nomura’s ranking in the corporate debt market, where it dropped to fifth place in October from No. 3 the previous month, according to data compiled by Bloomberg. The bonuses for many bankers are tied to the company’s ranking in the market.
Rivals are also trying to take advantage of Nomura’s woes by aggressively pitching deals to Nomura’s clients. Most market participants are trying to grab market share from Nomura, according to executives at both domestic and international rivals, who asked not to be named discussing their companies’ strategies. The firm takes the situation seriously
and has asked employees based in Japan to refrain from internal and certain external social gatherings, a spokesman said, declining to comment on the actions of the company’s competitors.
“Even if the law was broken by an employee, the problem lies with the organization that allowed it to happen,” said Yumiko Miwa, a professor at Meiji University, who studies corporate governance and is a former employee of the brokerage. “Nomura needs to improve its internal control systems and manage risks specific to financial firms.” Nomura is the latest Japanese financial institution to admit to breaking the law. In 2018, Mitsubishi UFJ Morgan Stanley Securities Co., MUFG’s majority-owned brokerage, faced a similar manipulation charge and the company announced voluntary pay cuts by top executives in response. SMBC Nikko Securities Inc. was found guilty last year of market manipulation, which dragged the brokerage to a record loss.
The Nomura trades under scrutiny occurred on March 9, 2021 in the market for 10-year Japanese government bond futures, a contract to buy or sell the assets at a future date, according to Japan’s SESC. It was the day after a senior Bank of Japan official indicated that the central bank would loosen its control of the bond market, which was welcome news for debt traders.
The volume of orders placed by the Nomura employee dominated the market. At times, they accounted for about 70 percent of the top bids and
offers in the market, the commission said. Nomura ended up placing and canceling 2,466 units of sell orders and 1,619 units of buy orders during the five-hour spree. Each unit has a face value of ¥100 million. Regulators in the US have clamped down on the practice of spoofing, defining it through the 2010 DoddFrank Act and making it illegal. Bank of America Corp. paid a $24 million fine last year to settle allegations that two former employees spoofed the market for US Treasuries hundreds of times. In 2021, NatWest Group Plc pleaded guilty to fraud in the US and paid about $35 million in fines while Toronto-Dominion Bank agreed to pay more than $20 million to resolve similar claims in September. If the fallout from the market manipulation drags on, it will likely besmirch Nomura’s 100-year anniversary next year. The company was founded in 1925 in Osaka by Tokushichi Nomura as a specialist for public and corporate bonds with 84 staff. In the intervening century, the company survived the Second World War and boomed during Japan’s bubble era in the 1980s. It has swelled to more than 27,000 employees and has operations worldwide. The scandal should serve to remind the company how it became successful, according to Meiji University’s Miwa. “Nomura needs to return to the spirit of its founder, who preached putting the customer’s interest before your own,” Miwa said. “Nomura needs to straighten up its act.” Bloomberg News
To date, there are very few records of SLL targets having been missed or penalties imposed, in large part because the loan agreements generally take place behind closed doors. Among the few to have been made public are SLLs by Enel SpA, which were triggered along with its sustainability-linked bonds earlier this year.
The Loan Market Association provides voluntary guidelines to stipulate that sustainable performance targets attached to SLLs need to be “ambitious, material and quantifiable.”
Last year, however, the UK’s Financial Conduct Authority issued a warning to the SLL market, which it said risked being the subject of “accusations of greenwashing” due to “weak incentives, potential conflicts of interest” and basic “poor design” in some corners of the market.
So far this year, JPMorgan has arranged more than $24 billion worth of
Sustainability-linked loans are supposed to have environmental, social or governance conditions attached, such as emissions reductions. Failure to meet those goals can trigger penalties, for example, in the form of higher interest rates.
SLLs, compared with about $12.7 billion in all of 2023, according to data compiled by Bloomberg. Bank of America Corp. has arranged about $23 billion through the end of October this year, versus roughly $18 billion for Citigroup Inc. and just over $16 billion for Wells Fargo & Co., the data show.
Philip Brown, head of sustainable debt capital markets at Citigroup, told Bloomberg that “the market and governance for sustainability-linked products is maturing and we see wellstructured sustainability-linked finance continuing to be an important funding tool for some clients.”
A spokesperson for Bank of America declined to comment.
At Wells Fargo, bankers are looking at SLL pitches from clients in “new segments, most notably fund finance, real estate, energy, and private and middle-market companies in sync with the development of sector-specific sustainability strategies,” said Genevieve Piche, head of sustainable finance and advisory in corporate and investment banking at the San Francisco-based lender. Bloomberg News
Unlocking Convenience: Empire East, Pilipinas Teleserv Provide Game-Changer
for Homebuyers
Toyota presents Hydrogen Technology, Next Generation Tamaraw to PBBM
TOYOTA Motor Philippines Corporation (TMP) recently presented its upcoming Next Generation Tamaraw and a hydrogen-powered concept vehicle to Philippine President Ferdinand R. Marcos Jr. at Malacañang Palace. The event highlighted TMP’s commitment to the development of local automotive manufacturing industry, sustainable mobility solutions, and economic growth.
President Marcos expressed his appreciation for Toyota’s continued investment in the Philippines, particularly the recent P5.5 billioninvestment in the production of the Philippine-made Next Generation Tamaraw, also known regionally as the Toyota Innovative International Multi-Purpose Vehicle (IMV) 0 (Zero).
This investment encompasses vehicle production, parts localization, and the establishment of a new in-house vehicle conversion capability, further solidifying TMP’s contributions to sustaining the viability of automotive and parts manufacturing industries
F
EDCENTER’S WAGI (Wealth Advice for Growth and Inclusion) financial literacy app is now live on Google Playstore! Launched to the media last July 31, 2024, it offers practical content for Filipinos, from basic budgeting to stock investing. Now everyone can learn about finance, have fun, and get rewarded. Enjoy quick finance tips from celebrities, and track your progress with pre-and post-assessment quizzes. Plus, earn a certification for each completed module.
in the country and furthermore enabling Mobility for All through the easily convertible, Tamaraw.
During the courtesy call of Toyota Motor Asia and TMP’s top officials at the Palace, the mobility leader displayed prototype conversion units of the Tamaraw, demonstrating its versatility and adaptability to the needs of Filipinos. Returning as a light commercial vehicle, TMP presented its aim to revive this iconic model into the next “national car” by catering to specialized conversion needs of various Philippine Micro, Small and Medium Enterprises (MSMEs) and individuals.
At the same event, President Marcos received a letter of intent from TMP for its planned donation of five Tamaraw units, which will be converted and turned over to the government in 2025. These include five ambulances which will be used to support various mobility needs through the “Lab For All” health program of the First Lady Louise Araneta-Marcos.
Reinforcing Toyota’s global commitment to Carbon Neutrality, the company introduced its “Beyond Zero” movement to the government. This corporate initiative supports the Philippine government’s direction toward a clean energy and low carbon economy transition, aligning with key national policies related to the transportation sector such as the Electric Vehicle Industry Development Act (EVIDA) and Philippine Energy Plan.
Underscoring its multi-pathway approach to decarbonization, TMP also
Here’s where it gets exciting: the more you learn, the more you earn. As promised during the launch, the app incorporates a rewards system where users earn points for completing quizzes. These points can be redeemed for prizes at leading partner brands, including well-known fastfood chains.
WAGI is powered by WeFund Lending Corporation, the company behind the leading fintech
used the occasion to present the Corolla Cross H2 Concept developed by Toyota GAZOO Racing (TGR) in Japan. This Hydrogen Internal Combustion Engine Vehicle (HICEV) utilized hydrogen gas supplied by a local producer and filled through a Hydrogen Refueling Station (HRS) exclusively imported from an enduse application provider in Malaysia.
“For Toyota’s point of view, we would like to provide the most suitable vehicle technology for the country’s specific energy strategy. Matching multipathways with energy, Toyota has many powertrains available and currently being developed,” said Toyota Asia Region chief executive officer Masahiko Maeda.
Recognizing the country’s abundant resources, TMP also emphasized the potential of diversifying energy resources to develop related industries and complement the decarbonization goals of various sectors, including transportation. With Toyota’s widest array of xEV powertrain technologies, hydrogen has the potential to be one of the advanced alternative energy sources that presents the possibility of zero carbon dioxide (CO2) emissions.
Beyond its commitment to decarbonize the entire vehicle life cycle, from raw materials sourcing, manufacturing, distribution to recycling cars and batteries, TMP stated it is also diversifying sustainable mobility with xEV usership services and exploring the benefits of data solutions and connected technology for travel or logistic efficiency resulting in CO2 reduction.
CEO of WeFund Lending Corp, said during the launch “We are honored to be a major sponsor of WAGI. JuanHand, being the leading fintech cash lender in the Philippines is a strong advocate of financial inclusion. Financial literacy paves the way for inclusion which ultimately leads to financial empowerment. And financial empowerment is a cornerstone of national development. We do hope more organizations can join us in supporting WAGI and ensure its sustainability and success.”
The app is also supported by the Securities and Exchange Commission (SEC), Credit Information Corporation (CIC), National Privacy Commission (NPC) and the National Development Corporation (NDC). Their insights underscore the importance of financial literacy for the Philippines and the role WAGI can play in advancing this mission. Take the first step towards financial empowerment. Download WAGI Financial Literacy on Google Play Store or visit www.wagi.com.ph to start learning and earning rewards.
CIVIL registry documents, including birth, marriage, and death certificates, are essential for Filipinos to keep on hand. However, obtaining these documents can often be a hassle. Many individuals find themselves short on time to make a request, or they face the frustration of long queues when attempting to secure a physical copy.
This is also true when trying to buy a home. Which is why, Empire East is motivated to help homebuyers easily request civil registry documents from the PSA. Through a strategic collaboration, this bold vision becomes an authentic reality.
According to Pilipinas Teleserv, this collaboration will enhance its capacity to provide a rich customer experience to different market segments that require PSA documents for their particular needs or objectives.
“Pilipinas Teleserv’s mission is to facilitate more effective communication between the Philippine government and its citizens.” says Miguel T. Ocampo, Pilipinas Teleserv’s Business Development & Administrative Support Head. “We are optimistic that this collaboration will support clients in their home buying journey by reducing the time and effort needed to gather civil registry documents.”
Empire East and Pilipinas Teleserv sealed their commitment to speeding up documentation requirements in its newest partnership that prioritizes document requests and processing. Customers can now request necessary documents, such as birth and marriage certificates, through an exclusive E-Certificate website portal for Empire East buyers, significantly enhancing the homebuying process.
“This collaboration will bring about great convenience for homebuyers, as they will find it much easier to request civil registry documents,” shares Atty. Celeste Z. Sioson, FVP of Credit & Collection at Empire East. “This partnership promises to simplify the document acquisition process for everyone involved.”
The main priority of this partnership is the homebuyers. They don’t have to worry about the hassle in physically securing these requirements anymore, as they can conveniently request PSA-authenticated civil registry documents such as birth, marriage, death certificates, and CENOMAR through Pilipinas Teleserv. They don’t need to commute or wait in long lines to get the needed papers, minimizing the legwork they need to do.
Homebuyers can start the E-Certificate process by going to the dedicated PSAHelpline.ph microsite
Pilipinas Teleserv’s
said Empire East President and CEO, Atty. Anthony Charlemagne Yu. “Our goal is to remove hurdles for homebuyers by incorporating advanced systems that address their needs effectively.” For over 30 years, Empire East has been a pioneer in shaping communities, offering innovative housing solutions that cater to evolving market needs. From livework-play townships like Laguna BelAir in Santa Rosa City, transit-oriented developments like San Lorenzo Place in Makati CBD, to urban resort communities like The Rochester in Pasig City, Empire East continues to elevate living standards for Filipinos.
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theater setup featuring 8K HDMI video, Dolby Atmos® immersive sound and DTS:X, this product range can be scaled accordingly. Moreover, the performance of each model has been optimized both individually and as a system, giving users the freedom to create the setup they want without having to sacrifice on sound quality. JBL is recognized as the leader in high-performance cinematic experiences so it should come as no surprise that our new line of home cinema and products punches above its weight class,” said Dave Tovissi, Vice President and General Manager, Luxury Audio at HARMAN International. “Solving modern customer behaviors and concerns was front and center when we developed these products. We designed the systems to blend perfectly into today’s lifestyle, giving users the sound quality, and simplicity of use they always wanted from a home theater system but never found until now. The JBLMA Series AV Receivers
IN the photo are, from left, Department of Trade and Industry Secretary Ma. Cristina Aldeguer-Roque, Department of Interior and Local Government Secretary Juanito Victor Remulla, Special Assistant to the President for Investment and Economic Affairs Frederick Go, TMP Executive Vice President for Manufacturing Yasuhiro Kutsuki, Department of Transportation Secretary Jaime Bautista, Philippine President Ferdinand Marcos Jr., First Lady of the Philippines Louise Araneta-Marcos, Toyota Asia Region CEO Masahiko Maeda, TMP President Masando Hashimoto, TMP Vice Chairman Dr. David Go, and TMP First Vice President for Corporate Affairs Josephine Villanueva during the company’s visit at Malacañang Palace.
Editor: Angel R. Calso
UN envoy warns Myanmar in crisis, with conflict escalating and criminal networks ‘out of control’
UBy Edith M. Lederer The Associated Press
NITED NATIONS—The UN special envoy for Myanmar warned that the Southeast Asian nation is in crisis, with conflict escalating, criminal networks “out of control” and human suffering at unprecedented levels.
Julie Bishop told the UN General Assembly’s human rights committee on Tuesday in her first report since being appointed by Secretary-General Antonio Guterres last April that “Myanmar actors must move beyond the current zero-sum mentality.”
The army in Myanmar ousted the elected government of Aung San Suu Kyi in February 2021 and suppressed widespread nonviolent protests that sought a return to democratic rule, leading to increasing violence and a humanitarian crisis.
In the past year, three powerful ethnic armed militias have gained territory, keeping the government’s ruling military increasingly on the back foot in fighting that has forced hundreds of thousands of civilians to flee their homes. According to the UN, 3 million people are displaced across Myanmar and some 18.6 million need humanitarian assistance.
Bishop called for an end to the violence, stressing that “There can be little progress on addressing the needs of the people while armed conflict continues across the country.”
The former Australian foreign minister said she has engaged with the government, including Senior Gen. Min Aung Hlaing in Myanmar’s capital, Naypyidaw, as well as opposition representatives, ethnic armed organizations, women’s groups, human rights defenders and numerous countries. She gave no details about the meetings.
She said she has engaged with the current, previous and incoming Asean chairs
in Vientiane, Laos; Jakarta, Indonesia; and Kuala Lumpur, Malaysia. The UN envoy said she has also visited Myanmar’s neighbors China and Thailand and will soon visit India and Bangladesh, “continuing to urge neighboring countries to leverage their influence.” She said she will also return to Naypyidaw but gave no time frame. She gave no details about any of the meetings.
At the recent summit between the United Nations and the Association of Southeast Asian Nations, known as Asean, Bishop said Secretary-General Guterres backed strengthened cooperation between the UN envoy and the Asean chair “on innovative ways to promote a Myanmar-led process.”
This includes “effective implementation” of a five-point Asean plan Myanmar’s rulers agreed to in April 2021 but have done little to fulfill. It calls for the immediate cessation of violence, a dialogue among all concerned parties mediated by an Asean special envoy, provision of humanitarian aid and a visit to Myanmar by the association’s special envoy to meet all concerned parties.
“Any pathway to reconciliation requires an end to violence, accountability and unfettered access for the UN and its partners to address vulnerabilities among the marginalized, including Rohingya, ethnic communities and particularly women and youth,” Bishop said.
But instead she pointed to rising civilian casualties and the rule of law “so severely undermined that transnational crime emanating from Myanmar is proliferating.”
“The sheer scale of arms productions and trade, human trafficking, drug manufacture and trafficking, and scam centers means Myanmar now ranks highest among all member states for organized crime,” she said. “The criminal networks are out of control.”
Israeli airstrikes in Gaza kill 88, including women and children
By Wafaa Shurafa, Samy Magdy & Bassem Mroue The Associated Press
DEIR AL-BALAH, Gaza Strip—
Two Israeli airstrikes in the northern Gaza Strip on Tuesday killed at least 88 people, including dozens of women and children, health officials said, and the director of a hospital said life-threatening injuries were going untreated because a weekend raid by Israeli forces led to the detention of dozens of medics.
Israel has escalated airstrikes and waged a bigger ground operation in northern Gaza in recent weeks, saying it is focused on rooting out Hamas militants who have regrouped after more than a year of war. The intense fighting is raising alarm about the worsening humanitarian conditions for hundreds of thousands of Palestinians still in northern Gaza.
Concerns about not enough aid reaching Gaza were amplified Monday when Israeli lawmakers passed two laws to cut ties with the main UN agency distributing food, water and medicine, and to ban it from Israeli soil. Israel controls access to both Gaza and the occupied West Bank, and it was unclear how the agency known as UNRWA would continue its work in either place.
“The humanitarian operation in
Gaza, if that is unraveled, that is a disaster within a series of disasters and just doesn’t bear thinking about,” said UNRWA spokesperson John Fowler. He said other UN agencies and international organizations distributing aid in Gaza rely on its logistics and thousands of workers.
In Lebanon, the militant group Hezbollah said Tuesday it has chosen Sheikh Naim Kassem to succeed longtime leader Hassan Nasrallah, who was killed in an Israeli airstrike last month. Hezbollah, which has fired rockets into Israel since the start of the war in Gaza, vowed to continue with Nasrallah’s policies “until victory is achieved.”
A short while later, eight Austrian soldiers serving in the UN peacekeeping force in southern Lebanon were reported lightly injured in a midday missile strike.
The peacekeeping force, known as UNIFIL, said the rocket that struck its headquarters in Lebanon was “likely” fired by Hezbollah, and that it struck a vehicle workshop.
Strike in northern Gaza comes as Israel wages a major operation there
THE Gaza Health Ministry’s emergency service said at least 70 people were killed and 23 were missing in the first of Tuesday’s strikes in the northern Gaza town of Beit Lahiya. More than half of the victims were
women and children, the ministry said. A mother and her five children—some of them adults—and a second mother with six children, were among those killed in the attack on a five-story building, according to the emergency service.
A second strike on Beit Lahiya on Tuesday evening killed at least 18 people, according to the Health Ministry, which does not distinguish between civilians and militants in its count.
The nearby Kamal Adwan Hospital was overwhelmed by a wave of wounded women and children, including many who needed urgent surgeries, according to its director, Dr. Hossam Abu Safiya. The Israeli military raided the hospital over the weekend, detaining dozens of medics it said were Hamas militants.
“The situation is catastrophic in every sense of the word,” Safiya said, adding that the only remaining doctor at the hospital was a pediatrician. “The health care system has collapsed and needs an urgent international intervention.”
US State Department spokesperson Matthew Miller referred to the “horrifying incident” in Beit Lahiya in comments to reporters. He said Israel’s yearlong campaign against Hamas has ensured it cannot repeat the type of attack that started the war in Gaza, but that “getting to here came at a great cost to civilians.”
The Israeli military said it was investigating the first Beit Lahiya strike; it did not immediately comment on the second.
Israel’s recent operations in northern Gaza, focused in and around the Jabaliya refugee camp, have killed hundreds of people and driven tens of thousands from their homes.
The Israeli military has repeatedly struck shelters for displaced people in recent months. It says it carries out precise strikes targeting Palestinian militants and tries to avoid harming civilians, but the strikes often kill women and children.
On Tuesday, Israel said four more of its soldiers were killed in the fighting in northern Gaza, bringing the toll since the start of the operation to 16, including a colonel.
As the fighting raged, Hamas signaled it was ready to resume ceasefire negotiations, although its key demands—a permanent cease-fire and full withdrawal of the Israeli military—do not appear to have changed, and have been dismissed in the past by Israel. Senior Hamas official Sami Abu Zuhri said on Tuesday the group has accepted mediators’ request to discuss “new proposals.”
Magdy reported from Cairo and Mroue from Beirut. Associated Press writers Tia Goldenberg in Tel Aviv, Israel, Matthew
B3-2
EU imposes 45% tariffs on EVs from China, risking retaliation
By Bloomberg News
THE European Union has imposed higher tariffs peaking at 45 percent on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers.
The regulation introducing the levies was published in the EU’s official journal Tuesday evening Brussels time, paving the way for their entry into force after months of negotiations, threats of Chinese retaliation and auto-industry pleas to avoid escalation.
Europe’s EV tariffs are a setback for Chinese producers already effectively shut out of a massive potential market in the US, which quadrupled its duty to more than 100 percent this year citing “extensive” government subsidies and exports that surged 70 percent last year.
The EU levies differ depending on the manufacturer and will range from about 8 percent to just over 35 percent, on top of the existing 10 percent rate.
tit-for-tat confrontation in a relationship valued at €739 billion ($799 billion) in bilateral merchandise trade in 2023.
Negotiators in Beijing and Brussels have been exploring whether an agreement can be reached on so-called price undertakings, a complex mechanism to control prices and volumes of exports used to avoid tariffs the EU justified as measures aimed at countering Chinese industrial subsidies.
future. Such arrangements would see the tariffs lifted on models covered by the alternative deals.
once that happens.
China reduced tariff rates on vehicles with large engines to 15 percent in 2018 and is now warning it could bring them back to as high as 25 percent.
Still, major European carmakers Mercedes-Benz Group AG and BMW AG lobbied against the tariffs on concern the dispute will hurt their sales in China at a time when they’re already struggling.
Earlier this week, Volkswagen AG’s top labor leader said Europe’s biggest automaker plans to close at least three factories in Germany. The EU and its No. 2 goods trading partner will continue discussions aimed at seeking alternative solutions even after the tariffs take effect, but those talks have so far failed to yield a breakthrough. The standoff raises the risk of an escalating
The latest volley of tariffs from the west comes amid fears China is on the cusp of global auto dominance at the expense of American and European rivals. Since introducing a new battery technology in 2020, BYD Co.—the leading Chinese EV brand—has gone from being one of many producers in a crowded domestic market to cracking the top 10 automakers in the world.
People familiar with the discussions said Beijing had yet to put forward proposals that meet the EU’s strict requirements, including alignment with World Trade Organization rules and matching the effect of the duties. The 27-nation bloc also wants to ensure the EU can monitor the arrangements for compliance.
However, talks have made some progress in recent days and EU officials are open to accepting an invitation to go to China for a new round of negotiations, one of the people said.
Beijing appears to be mostly preoccupied with trying to secure a better deal for SAIC Motor Corp., the state-owned manufacturer hit with the highest rate, according to the people, who spoke on condition of anonymity.
The EU has been eyeing individual pricing agreements with some car markers, including those looking to move production of some models to Europe in the near
Beijing has accused the EU of “divide and conquer” tactics and warned manufacturers to not seek such deals, as it wants everyone under an umbrella agreement as part of talks being led by a Chinese trade body. According to the EU’s regulation, that trade group made a pricing proposal on behalf of 12 exporters, including SAIC, BMW Brilliance Automotive Ltd., and Zhejiang Geely Automobile Co. Ltd.
The EU has said that individual agreements are possible under WTO rules.
China has also threatened to freeze investments in member states that backed the tariffs and retaliate with penalties of its own on European goods, including dairy, pork and brandy, as well as cars with large engines. China launched an anti-dumping probe into European pork in June, although that hasn’t been finished yet.
The EU has said it will defend its interests against any improper investigation and has already taken China to the WTO over its anti-subsidy investigation into the European dairy industry.
European officials said they expected China’s retaliation to materialize next month and that member states would in turn keep pushing the EU to conclude a deal
China’s response has so far been mostly within the usual bounds of trade disputes. A bigger worry would be if it goes beyond that by, for example, curbing exports of raw materials. In a territorial dispute with Japan more than a decade ago China temporarily blocked exports of rare earths and more recently it has imposed export controls on a number of other critical minerals.
While China’s officials have said little publicly about the progress of the talks, they have begun to roll out retaliatory measures and through proxies in the media and trade associations they have talked about the negotiations and hinted at possible future measures if the EU does impose tariffs.
Chinese carmakers have been pressured by Beijing to pause expansion plans in the EU over the trade spat, Bloomberg reported last week, citing people familiar with the matter. That threat was repeated in an article recently from a social media account linked to state media that has been used as a channel for messages on the dispute with the EU.
“Once the European side implements discriminatory measures,
Chinese enterprises will completely lose the motivation to develop technical cooperation with European enterprises in China,” the article said.
‘Consequences’ TO emphasize that message, the China Chamber of Commerce to the EU then e-mailed a summary of the article to journalists, calling it “of significant relevance to the ongoing EV discussions.”
The article also attacked the EU for trying to negotiate with individual carmakers as well as collectively. “If the European side insists on obstructing the negotiation process, it needs to recognize the consequences,” it said. Still, both Brussels and Beijing may soon need to divert some of their attention across the Atlantic. The US election next week could see Donald Trump return to the White House, along with his promises to hit both the EU and China with tariffs.
It’s possible officials in Beijing opt to withhold any immediate reaction to the new EU tariffs while they wait for the results of the US elections, according to Henry Gao, a law professor at Singapore Management University who researches Chinese trade and policies.
“The only people more worried about the US election than Americans are the Chinese,” said Gao. “Everyone in Beijing is tuned into the US election now.” Bloomberg News
adopts next-generation reactors in the future. At Onagawa, some 51 of 140 technical staff have no previous experience operating reactors, according to Tohoku Electric Power Co., which runs the plant.
The utility said it had trained inexperienced staff on simulators, sent them to learn at thermal power plants and also assigned seasoned operators to provide them with support. Still, it acknowledged that on-the-job experience is “incredibly important” and that workers need first-hand knowledge of an operating reactor to detect problems.
TBy Shoko Oda & Tsuyoshi Inajima
HE restart of the nuclear power plant closest to the epicenter of Japan’s devastating 2011 earthquake this week was hailed by the government as a major step toward reviving atomic energy. It’s also been a reminder of the crippling shortage of skilled workers that could slow that comeback.
Onagawa didn’t suffer the meltdown seen at the Fukushima Daiichi Nuclear Power Plant, further down the coast. But no corner of the country’s nuclear industry was immune as public opinion soured on a technology that used to generate about a quarter of its electricity.
All of Japan’s reactors were subsequently shut. Restarting them has been a tortuous process, with around 60% of commercially available units still offline. The hiatus and slow revival has dramatically worsened a skills crunch visible across the nation’s nuclear industry.
At Onagawa, a power station near a small fishing port in northeastern Japan, more than a third of its technical staff have never operated a reactor before, and have practiced only on simulators.
An emissions-free and stable source of electricity, nuclear power is undergoing a global renaissance as governments turn to it to meet
lack of workers
Japan’s nuclear power revival threatened by
decarbonization targets and tech companies look for clean energy for the artificial intelligence data center boom. The dearth of skilled workers in Japan is a threat to the industry’s growth.
“Students were driven away from nuclear programs and managers with a great deal of ambition almost certainly looked for other opportunities” after 2011, said Mark Nelson, founder and managing director at Radiant Energy Group, a consultancy focused on the transition to cleaner fuels. If Japan can’t rely on atomic energy, it risks crimping the development and deployment of AI at scale, he said.
Between 33% and 58% of operators at nuclear plants managed by seven Japanese utilities have had no prior experience running them, let alone dealing with an emergency, local newspaper Asahi Shimbun said in a study published in March. The Japan Electrical Manufacturers’ Association said the number of people working in the country’s wider atomic power industry dropped by more than a fifth from 2010 to 2023.
Other nations are grappling with similar issues. France and the UK are facing difficulties hiring engineers for planned reactors. Taiwan, which will shut its last unit next year, is looking for ways to retain personnel from decommissioned plants so there’s a talent pool if the island decides to
Despite the lack of experienced staff, Onagawa, and places like it, are set to become training grounds for the next generation of Japanese nuclear workers. Toshiba Energy Systems and Solutions Corp., which was involved in the construction of the reactor and conducted the safety work needed for the restart, has been sending staff there.
“Experience on-site is different from inheriting skills face-toface,” said Yuki Komukai, group manager at the company’s power systems division. “We are sending new recruits to Onagawa to get first-hand experience.”
The number of students studying in nuclear-related departments in Japanese higher education has been falling from a peak as far back as 1993, according to a white paper from the Japan Atomic Energy Commission, with the decline possibly exacerbated by the country’s aging population.
To help stoke interest in nuclear careers, the Japan Atomic Industrial Forum started hosting job fairs in the mid-2000s, with almost 2,000 students attending events in Tokyo and Osaka in 2010. Interest plummeted after the Fukushima disaster though, and they’ve only attracted around 300 to 400 jobseekers since then, it said.
With both the government and Keidanren, Japan’s biggest business lobby, pushing for the nuclear energy revival there are signs more young people are becoming more interested about careers in the industry, however. Sentiment toward nuclear is improving, said Toshiba’s Komukai. Bloomberg News
TOHOKU Electric Power workers restart Onagawa’s unit 2 reactor on October 29. HIDENORI NAGAI/THE YOMIURI SHIMBUN/BLOOMBERG
UN warns Israel: Cutting ties with Palestinian refugee agency will violate international law
By Edith M. Lederer & Jamey Keaten
The Associated Press
UNITED NATIONS—The United Nations stressed Tuesday that if Israel puts in place new laws cutting ties with the UN agency for Palestinian refugees, the Israeli government will have to meet their needs under international law.
Secretary-General Antonio Guterres said in a letter obtained by The Associated Press that there is no other alternative to the agency, known as UNRWA. It has been a lifeline during the Israel-Hamas war in Gaza, and the Israeli legislation “will have devastating consequences for Palestinian refugees” in Gaza, the West Bank and East Jerusalem, he said.
The UN agencies for children, health and migration also stressed that UNRWA is the “backbone” of the world body’s operations in Gaza, where people have relied on its emergency food aid and health centers during the more than yearlong war, which has killed tens of thousands and left much of the enclave in ruins.
The United Nations is heartened by statements of support for UNRWA from all quarters and countries, UN spokesman Stephane Dujarric said, and “we would very much appreciate efforts by any member state to help us get over this hurdle.” Israel has alleged that some of UNRWA’s 13,000 staffers in Gaza participated in the October 7, 2023, attacks by Hamas that sparked the war. It’s also accused hundreds of UNRWA staff of having militant ties and said it has found Hamas military assets in or under the agency’s facilities.
Israel’s new laws
TWO laws passed Monday could prevent
UNRWA from continuing its work. Even the US, Israel’s closest ally, joined many governments and humanitarian organizations in opposing the legislation, which doesn’t take effect for three months.
Guterres sent the letter Tuesday to Israeli Prime Minister Benjamin Netanyahu outlining his concerns.
As an occupying power, under international humanitarian law, Israel is required to ensure the needs of the Palestinians are met, including for food, health care and education, Guterres said. And if Israel isn’t in a position to meet those needs, it has an obligation to allow and facilitate the activities of the UN, and “UNRWA is the principal means by which assistance is supplied to Palestinian refugees,” he said.
If UNRWA’s activities are restricted or halted, the secretary-general said, Israel would have to fill the vacuum “to ensure the needs of the population are met.”
“Otherwise, it would be in violation of international law,” said Dujarric, the UN spokesman.
Israel’s UN Ambassador Danny Danon responded to the letter by saying, “Rather than condemning UNRWA for turning a blind eye to terrorism and in some cases participating in terrorism, the UN instead condemns Israel.”
He claimed in a statement that UNRWA isn’t interested in providing humanitarian aid to Gaza, calling it “nothing but an arm of Hamas operating under the guise of the United Nations.”
“Israel will continue to facilitate humanitarian aid in Gaza according to international law,” Danon said, “but UNRWA has failed in its mandate and is no longer
Bank and East Jerusalem part of the occupied Palestinian territory and Israel has no sovereignty because of its occupation.
Meanwhile, at the UN’s regular Security Council meeting on the Middle East—this month open to all UN members—speakers supported UNRWA and virtually all called for immediate cease-fires in Gaza and Lebanon. US Ambassador Linda Thomas-Greenfield expressed deep concern at the Israeli legislation, saying, “right now there is no alternative to UNRWA when it comes to delivering food and other life-saving aid in Gaza.”
She also called on Guterres “to create a mechanism to review and address allegations that UNRWA personnel have ties to Hamas and other terrorist groups.”
ISRAELI soldiers take position as they enter the UNRWA headquarter where the military discovered tunnels underneath of the UN agency that the military says Hamas militants used to attack its forces during a ground operation in Gaza on February 8, 2024. AP/ARIEL SCHALIT
the right agency for this job.”
Dismay from UN agencies
WORLD Health Organization spokesman Tarik Jasarevic said UNRWA health workers have provided over 6 million medical consultations over the past year. They also offered immunizations, disease surveillance and screening for malnutrition, and UNRWA’s work “couldn’t be matched by any agency—including WHO,” he said.
Jeremy Laurence, spokesman for the UN human rights office, said that “without UNRWA, the delivery of food, shelter, health care, education, amongst other things, to most of Gaza’s population would grind to a halt.”
UNRWA was established by the UN General Assembly in 1949 to provide relief for Palestinians who fled or were expelled from their homes before and during the 1948 Arab-Israeli war that followed Israel’s establishment, as well as their descendants.
Israel faces criticism TIMED to the Israeli laws, Norway announced Tuesday that it will ask the 193-nation General Assembly to request a ruling from the top United Nations court about whether Israel is obligated to facilitate the delivery of humanitarian aid to Palestinians by international organizations, including the UN
The International Court of Justice in July condemned Israel’s rule over the Palestinian territories, declaring its occupation unlawful. The nonbinding opinion called on Israel to end its occupation and immediately halt settlement construction.
Norway’s foreign minister, Espen Barth Eide, told the AP that Israel’s policy is making it increasingly difficult for Palestinians to access life-saving assistance. He said Norway will argue that even if Israel’s occupation is illegal, it has obligations, “and we believe that these are not met.”
Guterres told Netanyahu that while the Israeli laws prohibit any activity by UNRWA “within the sovereign territory of the State of Israel,” the UN considers Gaza, the West
Dujarric, the UN spokesman, said its internal watchdog is working on that. He said a letter from the Israeli government last week raising specific undisclosed issues is also being looked at “extremely seriously.” US State Department spokesman Matthew Miller went further, warning that the Israeli legislation “poses risks for millions of Palestinians who rely on UNRWA for essential services.” Miller reiterated that the US opposes the legislation and will be discussing it with Israel in the days ahead. He says there may be consequences under US law and policy if it takes effect, referencing a letter that Secretary of State Antony Blinken and Defense Secretary Lloyd Austin sent to their Israeli counterparts saying humanitarian aid must increase or the country risks losing military assistance.
Keaten reported from Geneva. Associated Press writer Matthew Lee contributed from Washington.
MPIC Sells its 50% Interest in Philippine Coastal Storage and Pipeline Corporation
LEADING Philippine infrastructure firm Metro Pacific Investments Corporation (MPIC) has entered into a definitive agreement to sell its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) to an affiliate of global infrastructure investor I Squared Capital (ISQ).
In tandem, Singapore-listed Keppel Infrastructure Trust (KIT) has also entered into a definitive agreement to sell its 50 percent stake in PCSPC to ISQ. The transaction values PCSPC at an enterprise value of up to US$510 million (~P29.1 billion), subject to fulfillment of various performance milestones. MPIC intends to use its share of the proceeds to fuel the continued development of its core businesses, further reinforcing its position across key sectors of the Philippine economy. PCSPC, located in the Subic Bay Freeport Zone, is the largest jet fuel, petroleum and sustainable fuels import terminal in the Philippines, boasting a storage capacity of over six million barrels. The terminal plays a vital role in ensuring the reliable entry of liquid fuel products into the country, serving the needs of major commodity providers and
other strategic interests. ISQ is an independent global infrastructure investment manager with over $40 billion in assets under management. The company focuses on a variety of sectors, including utilities, energy, digital infrastructure, transport, environmental infrastructure, and social infrastructure in North America, Europe, and high-growth economies in Asia, Australia, and South America. ISQ is a team of over 280 people, headquartered in Miami with offices in Abu Dhabi, London, Munich, New Delhi, Sao Paulo, Singapore, Sydney and Taipei. In addition to these on-the-ground investing and operations teams, ISQ also has a diverse portfolio of 86 companies in more than 70 countries.
Manuel V. Pangilinan, MPIC’s Chairman, President, and CEO, expressed his confidence in the strategic decision, noting, “The acquisition of PCSPC has
Unisol: Disrupting the Uniform Industry with Innovation, Purpose
“UNISOL started as a vision to empower experienced sewers in our community while addressing the demand for high-quality uniforms. Today, we’re not just making uniforms; we’re revolutionizing the industry through innovation and technology,” Chief Executive Officer Jonas Quilantang said. In 2017, Quilantang, chief executive officer of Unisol, realized a gap in the clothing industry. “We saw a gap in the uniform industry. With Unisol, we aim to fill that space by offering high-quality, scalable uniform solutions, while employing skilled workers in our community.”
While the market for ready-to-wear fashion had established major players, the workwear and uniform sector needed a go-to brand. This realization sparked the creation of Unisol, a company driven by a bold vision: to revolutionize the uniform industry and become the leading brand in the Philippines. Quilantang started selling T-shirts in school as a hobby. However, two key realizations in 2017 set the course for its establishment.
First, despite the high demand for uniforms, there was no dominant brand in the market. Unlike food or shelter, clothing, while a basic need, was underserved in terms of professional workwear.
Secondly, Lapu-Lapu City, where Unisol is based, is home to large manufacturing facilities for international brands like Adidas and Under Armour. When these brands’ contracts ended, experienced workers—skilled in producing high-quality garments—were often left unemployed.
“It sparked the vision of Unisol,” Quilantang explains.
“We saw the opportunity to create a social enterprise that could provide these experienced sewers a second chance at employment, while also filling a market gap.”
Starting with just five sewing machines and no factory, Unisol had humble beginnings. Setting up a fully functional factory took years, as they expanded to include essential machinery such as embroidery machines and sublimation printers. When he established his company, he saw that the country’s uniform industry still used outdated processes. Unisol aimed to change that.
Quilantang and his team focused on modernizing uniform production by integrating technology into the entire process. By 2022, after five years of setting up their production facility, Unisol was ready to scale and innovate. Their goal was not just to make uniforms but to revolutionize how uniforms were produced, making
the process more efficient, scalable, and adaptable to market demands.
Today, Unisol is a tech-driven apparel company that utilizes innovative processes to streamline uniform production. One of its standout innovations is its booking and order management system, which addresses common issues in the uniform industry: long lead times and unpredictable delivery dates. With this system, Unisol ensures that clients receive high-quality uniforms on time, every time.
“We want to be the ‘Jollibee’ of uniforms in the Philippines,” says Quilantang, referring to the country’s beloved fast-food chain known for its reliability and consistency. Unisol’s vertically integrated manufacturing facility allows the company to control the entire production process, from fabric selection to final assembly. This ensures that every uniform meets their high standards of quality and durability.
Beyond profit, Unisol operates with a strong social mission, creating employment for skilled workers who had previously been let go by international brands. Unisol also showed its capability to adapt to challenges.
During the pandemic, there was no demand for uniforms. While other businesses had to suspend operations, Unisol made adjustments by producing face masks to meet the high market demand. This allowed Unisol to employ around 3,000 sewers—up from their usual team of 300 to 500 workers. This validated their business model, and reinforced their role as a social enterprise committed to supporting the local community.
“Unisol is about more than just uniforms,” Quilantang emphasizes. “We’re about creating jobs, empowering workers, and contributing to the economy.”
Lucky subscriber from GenSan wins P1M in PLDT Home’s grand giveaway
Athis year that gives new Home Fiber subscribers the chance to win big cash prizes and free fiber broadband connectivity. The grand prize winner, a father of two and a Davao City-based government worker, began his journey as a PLDT Home subscriber last July. He
subscribed to Home Fiber Unli Plan 2099 at the PLDT Store in General Santos City, which instantly earned him a raffle entry for the OMG promo.
“I am truly grateful to PLDT Home,” said the winner, who was seeking an internet plan that could support his children through their education and provide a way for him to constantly communicate with them whenever he would be physically away. Stationed in Davao City, he would endure being miles away from his family in General Santos whenever duty called. “PLDT Home has really helped me and my family so much by keeping us connected despite the distance,” he added.
With the P1 million cash prize, the lucky subscriber now plans to invest in a new car to make his commute between General Santos and Davao more convenient. He sees how this opportunity will allow him to spend more quality time with his loved ones.
“It’s a bonus that I am getting a huge prize money after I applied during PLDT Home’s OMG Promo. My family and I are forever grateful for this blessing!” he said.
Talking about his experience as a new PLDT Home customer, the lucky subscriber commended the quick application and internet installation process. He especially thanked the PLDT Store General Santos City staff and servicemen that altogether made sure his internet line went up and running in only a few days.
“Everything was fast! Everyone from the service center to the installers was extra nice and accommodating,” he said. “I truly find myself lucky for being a PLDT Home subscriber!”
Last
City.
Besides the grand prize, the country’s leading telco provider awarded 10 subscribers with P100,000 cash prize each and 50 winners with free PLDT Home Fiber plan for a year per person.
“We want to make sure that we give our PLDT Home customers the best promos and the best experience as they join our family, with prizes and perks exclusive to them when they apply for our Fiber plans,” said Patrick S. Tang, First Vice President of PLDT Home Acquisition Marketing.
“Right off the bat, our Fiber Unli All plans supercharged with unli mobile calls, unli fiber, and unli Cignal altogether offer better value for money. Every now and then, we would launch Fiber promos and voucher giveaways with top lifestyle brands like Grab and Lazada – offering existing customers more chances to save up. For our loyal customers, we have PLDT Home Rewards – our premier rewards program that opens a wealth of exclusive freebies and discounts. Last but not the least, we have promos for new Fiber applicants like our One Million Giveaway – which instantly grants them a chance at big prizes that may just change their lives,” added Tang.
PLDT Home first launched its OMG Promo for new Fiber subscribers from May 15 to July 31, 2024. It’s back with a second round from August 1 to October 31, 2024, opening the promo to applicants of Fiber Plan 1399 and above.
For home connectivity that’s both reliable and rewarding, now is the best time to subscribe to a PLDT Home Fiber plan. Apply now and get a chance to win P1 million (1 winner), P100,000 (10 winners), and free Fiber broadband for one year (50 winners) through the One Million Giveaway (OMG) Promo.
been pivotal in securing safe, reliable, and environmentally responsible fuel logistics for the Filipino market. Under our stewardship, PCSPC has grown into a leader in fuel storage and logistics, with a strong commitment to safety and sustainability. The decision to divest is in line with our long-term strategy to focus on sectors where we can create the greatest value for the Philippines. With its global expertise, we are confident that I Squared Capital will take PCSPC to the next level and ensure its continued contribution to the nation’s energy landscape.”
The transaction’s completion is subject to regulatory approvals and other customary closing conditions. Until then, MPIC, KIT, and ISQ will work closely with PCSPC’s management to ensure a seamless transition and continuity of operations.
“We are excited to acquire PCSPC, an
essential infrastructure asset which plays a critical role in supporting Philippines’ growing energy requirements. We look forward to working with PCSPC’s strong management team to enhance PCSPC’s critical role in the Philippine economy and invest further in the PCSPC platform to expand into new products and areas. In addition to bio-ethanol and bio-diesel, we will focus on expanding the asset’s capabilities to handle other biofuels including sustainable aviation fuel. This acquisition aligns with our commitment to investing in essential infrastructure that fosters economic growth and longterm value creation within a sustainable model,” said Harsh Agrawal, Senior Partner at I Squared Capital. UBS AG Singapore Branch acted as MPIC’s financial advisor for the transaction, while Rippledot Capital provided advisory services to I Squared Capital.
SAFC proudly announces the remarkable success of its “Be a Blood Donor, #BeALifeHero” blood donation drive, which has collectively saved 948 lives since 2023. In partnership with the Philippine Red Cross and Pasig City’s Local Government Unit (LGU), the bloodletting activities were held at SAFC’s Head Office in Pasig, highlighting the company’s continuous dedication to health and wellness awareness.
This year’s blood drives coincided with international blood donation awareness campaigns every February, June, and October, exhibiting the vital importance of blood donations for patients in serious need. In 2024 alone, SAFC saved 496 lives, surpassing last year’s achievement of 452 lives saved through three bloodletting activities.
The dedicated efforts of volunteers from SAFC and Wisefund Finance Corporation resulted in the collection of a substantial amount of blood. These contributions are expected to make a significant impact on patients in critical conditions, especially newborn babies and those battling serious illnesses like cancer.
SAFC President and Managing Director Joel C. Cruz and Senior Executive Vice President Raul Paul U. Mendoza set a commendable example by being among the first to donate blood. “This bloodletting activity is a reflection of the company’s values—a company that genuinely cares about Filipinos. It’s about living up to our principles of compassion, and doing good whenever we can,” stated Mendoza. Their involvement demonstrated the corporation’s
dedication to this noble cause and inspired others within the company to participate.
Adding to this, Corporate Communications Group Head Robel de Jesus remarked, “Our mission extends beyond our corporate objectives; it’s about making a tangible difference in the lives of our fellow Filipinos. The overwhelming support we’ve received from our employees and partners reaffirms our commitment to fostering a culture of compassion and community service.”
The bloodletting activity is an integral part of the larger SAFC HEROES program, the company’s Corporate Social Responsibility (CSR) division devoted to meaningful and diversified community engagement. SAFC HEROES aims to instill a culture of giving and motivate individuals to take action toward building a better society. By honoring and assisting the heroes in our community, SAFC hopes to inspire more people to support these worthwhile organizations.
Looking ahead, SAFC intends to continue this program, partnering with Pasig City LGU and the Philippine Red Cross to host regular bloodletting sessions. Through these efforts, SAFC aims to maintain its commitment to saving lives and promoting a culture of compassion and community service, demonstrating that it is more than just a financial company.
For more information about SAFC’s CSR initiatives or how to participate in future blood donation drives, please contact Rob de Jesus at rgdejesus@safc.com.ph
UNISOL Owner, Jonas Kee Quilantang
KINSHASA, Congo—Alfred Mamba remembers the frenzy that gripped the soccer stadium in Zaire, now known as Congo, as the fierce heavyweight title bout unfolded through eight rounds between the underdog Muhammad Ali and the seemingly invincible George Foreman.
“It was a big party,” Mamba said as he recalled his father, one of the co-founders of the boxing federation in Congo, taking him to the fight as a 15-year-old.
As Mamba flipped through a pile of photos he said were taken at the fight, he remembered the stadium erupting as Ali and Foreman stepped out for the much-anticipated “ Rumble in the Jungle ” as the contest was famously known.
“When Foreman was throwing punches, the audience was screaming,” Mamba, now a boxing referee, remembered. “But Ali had surprised everyone with his hook technique. And how he was boxing on the ropes. And voila, this is how he won the fight.” The crowd’s hysteria trailed the series of punches until Ali’s last blow. It also created a new generation of fighters and fans that became inspired to keep this country on the global boxing stage.
Ahead of the 50th anniversary of the Ali vs. Foreman fight, boxers and fans from across Africa have been in Kinshasa, the Congolese capital, for the just-concluded 21st African Amateur Boxing Championships that saw the Stade des Martyrs stadium and major roads lit up.
Landry Matete Kankonde, who represented Congo in the men’s heavyweight division, lost to Senegal’s Karamba Kebe but said he is still dreaming about becoming the next Ali, crediting the 1974 bout with putting Congo on the map.
“The next superstar will be me,” the 24-year-old Kankonde said, a wide grin flashing across his face.
But in this impoverished country of 110 million mostly young people, people like Kankonde are fighting against the odds to get to the highest levels.
While Congo is one of the most decorated African nations in boxing, it still lacks adequate sporting infrastructure such as a gym for its national team, leaving many to train in open spaces, Mamba said.
In its eastern region, where a deadly security crisis has resulted in one of the world’s biggest humanitarian disasters, many can only dream of getting out of conflict zones and displacement camps to make it to official contests in the faraway capital.
Even in Kinshasa, amateurs often train by the roadside and on the streets with no gear, ducking and weaving as their hands roll punches.
“Congo is a country where people are motivated by the suffering that we know here,” Kankonde said. “Every time a Congolese boxer gives his all, seeing all that we endure here, it pushes us.” The 1974 fight was one of boxing’s most memorable moments.
Mobutu Sese Seko, the Congolese dictator who was seeking to put the central African nation in the spotlight, had partnered with promoters to bring the contest to the country, putting up a $5 million purse for the fight.
Just before dawn on October 30, 1974, with machine gun-carrying soldiers watching the crowd from ringside and a huge portrait of Mobuto towering over the Stade des Martyrs stadium, spectators from across the world watched the bout between the 32-year-old Ali–seeking a comeback after being stripped of the world title for refusing to be drafted for the Vietnam war–and the thenundefeated 25-year-old Foreman.
Many believed Ali didn’t stand a chance against Foreman, having been out of the ring for years after the sanction.
“People were praying before the fight that Ali doesn’t get killed,” Bill Caplan, who was Foreman’s public relations man in Zaire, has said.
“I think it was one of the top-10 upsets in boxing,” Ed Schuyler Jr., the longtime boxing writer for The Associated Press who was in Congo to cover the fight, has said of Ali’s victory.
The fight ended with Ali putting Foreman on the canvas in the eighth round, but that was only the beginning of a passion for the sport among many Congolese. After that, everyone wanted to learn boxing, said Mamba. He himself was inspired by both the contest and his father, also a referee.
And for fifty years, Congo has continued to rumble, producing boxing greats like Sumbu Kalambay, the Congolese-Italian champion who held the World Boxing Association (WBA) world middleweight title in the 1980s and Junior Ilunga Makabu, who held the WBC cruiserweight title in the early 2020s. And people are still falling in love with the sport in the country, including Josue Loloje, who was among the spectators at the Kinshasa stadium for the African championship.
“The Ali vs. Foreman fight is the foundation [for] these talents emerging in Congolese boxing,” Loloje said in between the contests. “It all started there.” AP
Rumble in the Jungle: 50 years and rumbling Sports
BusinessMirror
‘Job security’ doesn’t mean much in coaching
By Tim Reynolds The Associated Press
himself coach. Tim Duncan arrived and changed the franchise’s fortunes a year later, but in this NBA era Popovich’s record in the completion of that first season—17-47—probably wouldn’t have given him a chance to keep the
made the playoffs; they let Tanisha Wright go anyway. The Indiana Fever, with Caitlin Clark coming off her record-setting rookie year, fired Christie Sides over the weekend after a 1-8 start was turned around into a playoff berth. And on Monday, the Connecticut Sun and coach Stephanie White parted ways after back-to-back trips to the WNBA semifinals.
The WNBA isn’t trying to emulate the NBA’s coaching carousel, but here we are.
“Leave it better than you found it,” Sides posted on social media after the Fever let her go. The NBA still might be the gold standard when it comes to impatience with coaches, though. This past offseason saw some moves that, on paper, looked wild.
The Los Angeles Lakers hired JJ Redick away from ESPN; Redick’s only previous coaching job was leading fourth graders earlier this year. Phoenix parted with NBA champion Frank Vogel and replaced him with NBA champion Mike Budenholzer (whose ring came at the Suns’ expense in 2021). JB Bickerstaff became the first coach to take a Cleveland Cavaliers team that didn’t have LeBron James to the second round in more than 30 years and he, too, got fired.
Bickerstaff ended up with Detroit. The Pistons had fired Monty Williams after one season—with five years and something like $65 million left on his contract. Williams now will coach his sons at a high school in San Antonio.
“You just keep doing the job you’re supposed to do,” Bickerstaff said. He
coach Willie Green, who is entering Year 4 with the Pelicans and has been in his job longer than half the other coaches in the league have had their current gigs. “But you take these jobs, understanding that they don’t have a long shelf life.” Popovich isn’t getting fired. Spoelstra is in Year 1 of an eight-year deal. Golden State’s Steve Kerr will decide when it’ll be his time to leave the Warriors. Joe Mazzulla surely has earned tons of security after leading Boston to an NBA title. Mark Daigneault has done an amazing job in building Oklahoma City. There are others who would surely be safe in their current job if things turn south, but probably not many.
“There’s been 14 jobs open just in the last two years alone,” said Spoelstra, part of a group in Miami—including team president Pat Riley—that is entering 30 years with the Heat. “In that regard, I think it’s really a sad state for coaching. Coaching staffs aren’t given enough of a time period to be able to develop a culture, develop the right habits, to go through the necessary adversity to get to that next level. I’m grateful we have that structure and stability here.”
REFEREE Zack Clayton steps in after Muhammad Ali knocks down defending heavyweight champion George Foreman in the eighth round of their championship bout in Kinshasa, Zaire, which Alfred Mamba witnessed as a as a 15-year-old in October 30, 1974. AP
in
Dragon boat worlds on in Puerto Princesa
THE International Canoe Federation (ICF) Dragon Boat World Championships unfolds Thursday off the pristine shores of the Puerto Princesa City’s Baywalk with a record-breaking 27 countries and close to 2,000 paddlers seeing action.
“Puerto Princesa is one of the cleanest cities in the world so we have a unique site for the world championships,” said ICF president Thomas Konietzko of Germany Wednesday during the press launch at the eve of the competition.
“Let us together write history in the next four days where I am sure will take a lot of good memories in this beautiful city of Puerto Princesa,” said Konietzko of the championships serving as a major highlight of the world body’s centennial anniversary in the briefing sponsored by La Coste watches.
“We are thrilled to host the dragon boat world championships here,” Puerto Princesa Mayor Lucilo Bayron said. “It is an honor to welcome the world’s best paddling athletes, coaches and supporters to our shores where we hope that the spirit of unity and sportsmanship can thrive.”
Hongkong’s Dr. Wai-hung Luk, head of the ICF Dragon Boat Commission, inspected the course Wednesday.
“It comes up to the world standard of our races,” Luk said. “We
can expect some exciting action in the coming days.”
Philippine Canoe Kayak Dragon Boat Federation president Leonora “Lenlen” Escollante thanked both the ICF and Bayron for bringing the world championships in the coastal
provincial capital of Palawan.
“With the support of president Thomas, Dr. Wai and Mayor Bayron, hosting this record-breaking event would not be possible,” stressed Escollante of the once-in-a-lifetime championships serving as the main
DNational U bags bonus in spikefest semifinals
qualifying event for the World Games in Chengdu, China, next year.
The cumulative times of the top 10 teams in the 200-meter, 500-meter and 2,000-meter races in the 10-seater mixed team event will qualify for the World Games where dragon boat will debut as a medal sport.
Escollante, who used to coach the national dragon boat team, was optimistic the hosts would deliver and clinch a slot to the World Games given the homecourt advantage and the fact that they have been training in the city’s coast since September 26.
“We are prepared to make it to the top 10,” national team veteran and team skipper OJ Fuentes said.
“These paddlers are ready under all types of conditions,” national coach and former national standout Duchess Francine Co said.
On top of sealing a ticket to the World Games, the Filipino bets will eye to surpass their five gold and two silver medals in capturing the overall title the last time they saw action in the 2018 edition in Gainesville, Georgia.
The Comeback
OVER the Typhoon Kristine weekend, I discovered “The Comeback.”
Described as “a show set to heal Red Sox Nation” because it’s about the historic 2004 Boston Red Sox, it is a three-part Netflix documentary that covers “the 86year Curse of the Bambino that haunted Fenway Park” and “how the 2004 Red Sox team overcame a 3-0 deficit against the Yankees in the American League Championship Series and finally brought the Commissioner’s Trophy back to Boston.” It is “a love letter to the team that gave Boston fans hope again.”
The docu has authentic chats with almost everybody involved in the 2003 and 2004 Red Sox seasons. It puts you right there inside the locker rooms and the press
EFENDING champion National University (NU) secured the last twice-to-beat advantage in the quarterfinals in Pool E after an emphatic sweep of University of the East (UE), 25-14, 25-20, 25-17, in the Shakey’s Super League Collegiate Pre-season Championship second-round action on Wednesday at the Rizal Memorial Coliseum.
The Lady Bulldogs turned to the veteran trio of reigning Most Valuable Player Alyssa Solomon, Bella Belen and Vange Alinsug to close the round robin phase of the playoffs with back-to-back wins for a 2-1 win-loss record.
NU overwhelmed the Lady Warriors with superior firepower and sustained aggression for a swift 79-minute decision.
“Slowly the team chemistry is getting stable under the system of coach Sherwin [Meneses] that’s why the girls are able to execute,” said NU assistant coach Karl Dimaculangan, who subbed for Meneses who’s attending to a prior commitment in Taiwan.
Solomon finished with 11 points on nine kills, one kill block and an ace while Belen also had 11 points built on five attacks, five aces and a kill block for the Lady Bulldogs, who peppered UE with 41 attack points and nine service winners. Alinsug scored eight of her 10 points in the third set, including back-to-back kills that finished off UE.
The Lady Bulldogs were in full control of the first two sets. NU crushed any hopes of a Lady Warriors comeback in the third set, racing to a 17-7 advantage on its way to completing a dominating victory.
KC Cepada scored nine points, Jelai Gajero added four points and Casiey Dongallo was held to a personal-low one point after only playing in the third set as UE wrapped the second round with a 1-2 card.
The top two teams in Pools E and F will battle the third and fourth-ranked squads from the opposite pools in the quarterfinals for spots in the knockout semifinals.
The gold medal showdown is a best-ofthree series while the battle for bronze is a one-game affair.
Far Eastern University (FEU), meanwhile, bagged a quarterfinals incentive after a hard-earned 25-13, 23-25, 25-19, 22-25, 15-13, victory over University of the Philippines (UP) in Pool F.
conferences. There are candid quips and views from Pedro Martinez, Curt Schilling, Pedro Martinez and Kevin Millar. There are excursions into behind the scenes stuff like trade processes and trades gone sour. Broadcaster Joe Castiglione and sports journalist Dan Shaughnessy are in the gab fest, as well as former Red Sox team manager Theo Epstein and current Dodgers manager Dave Roberts. They take us through the agony of the decadeslong losing curse and the ecstasy of what happened in October 2004. As a Red Sox fan, I hold special memories of that iconic, down-from-3-0 win over the New York Yankees in the American League Championship Series (ALCS). I remember exactly what I was doing while that game was being played. I was having a working lunch out with a friend, doing conversation. But secretly, I would peek now and then at the cellphone in my bag to get updates about the game. Watching “The Comeback: 2004 Boston Red Sox” brought everything back to life: the Curse of the Bambino, the rowdy, swearing crowds at Fenway and Yankee Stadium, Curt Schilling’s bloody sock, Big Papi’s homers, Kevin Millar’s faith-filled statement “Don’t let us win today” before the 3-0 laden Game
Chenie Tagaod and Faida Bakanke scored the crucial hits in the closing stretch of the deciding set as the Lady Tamaraws completed a three-game sweep of the second round to remain unbeaten after six outings.
FEU also snatched the No. 1 seed in the crossover quarterfinals against the No. 4-ranked squad in Pool E.
The Lady Tamaraws’ victory handed idle University of Santo Tomas (2-1) the other quarterfinals incentive and the second seed as the Fighting Maroons dropped to No. 3 with a 1-2 card.
Faida Bakanke scored four of her 16 points in the fifth set, Jazlyn Ellarina had 13 points highlighted by 12 attacks while Gerzel Petallo and Chenie Tagaod added 12 and five points, respectively, for FEU.
Kianne Olango finished with 15 points, Irah Jaboneta added 13 markers, Kassandra Doering had 11 while Yesha Noceja scored 10 for UP.
in just two words. (We) “got hot.” And
THE national paddlers and coaches pose with International Canoe Federation president Thomas Konietzko and Dragon Boat Commission chairman Dr. Wai-Hung Luk, Puerto Princesa City Mayor Lucilo Bayron and Philippine Canoe Kayak Federation president Leonora “Lenlen” Escollante.
NATIONAL University’s Shaina Jardio dives for the ball as Vange Alinsug looks on.
THE Generals’ Gelo Loristo goes for an easy basket.
JBy Josef Ramos
coach Munehiro
APANESE
Kugiyama’s connection with the Yulo family remains steadfast despite having been estranged from Carlos Yulo whom he helped mold for two world championships titles that led to two Olympic gold medals in Paris 2024.
“I’m so grateful for the love coach Mune Kugiyama showed us,” said Karl Edrew Yulo, the Olympic champion’s 16-year-old brother who trained for 10 days with younger sister Eliza at the Tokushukai Training Center in Tokyo, one of Carlos Yulo’s training facilities when he was in Japan, that ended last Monday.
“We learned a lot from Coach Mune,” he told BusinessMirror. “He taught us discipline and the value of time and focus. We’ll be happy to go back there.”
Talk about discipline and focus and Eliza Yulo learned both values early on.
“She celebrated her 15th birthday in Tokyo and we’re happy how coach Mune treated us,” Eldrew Yulo said. Besides Kugiyama, the siblings were also under the watchful eyes of Junpei Konno, also their brother’s physiotherapist.
The Yulos got to meet Paris Olympics triple gold medalist Shinnosuke Oka and Japan’s Olympic gold medal-winning artistic team member Takaaki Sugino during one of their training days.
Marc Nathan Ayson, Jacob Alvarez, Andrei de Leon and Prince Sumabal and 12 other Filipino gymnasts joined the Yulos in Tokyo in preparation for the Third JRC Stars Artistic Gymnastics Championships set November 1 to 3 in Bangkok But Eliza Yulo suffered a minor sprain and will miss the Bangkok tournament where Eldrew is hoping to retain the gold medals he won last year in floor exercise, rings, parallel bars and vault.
He hopes to improve on the silver medal he got in the individual all-around and bronze in pommel horse. Kugiyama was Carlos Yulo’s coach starting in 2016 until they parted wats last October 2023 with Yulo deciding to train in Manila under Filipino coaches.
Generals shoot down Knights to zero in on semis berth
MILIO Aguinaldo College (EAC)
leaned on its suffocating defense in neutralizing Jimboy Estrada and Letran, 68-58, on Wednesday to close in on a magic four berth in the National Collegiate Athletic Association Season 100 seniors basketball tournament at the Filoil EcoOil Arena in San Juan City. The Generals held Estrada to 10 points, eight points below his average, while shackling the Knights to jump from No. 5 to No. 4 with a 7-7 win-loss record.
OLetran slid to No. 5 after absorbing its second straight loss for a 7-8 card.
The Generals are now in the cusp of claiming a breakthrough Final Four appearance since joining the league 15 years ago.
Harvey Pagsanjan had 13 points and five assists while presiding over the Generals’ strangling defense.
The Generals made their move in the third quarter as Pagsanjan sparked their run with six points that shoved them from a 33-29 halftime lead to a 54-45
advantage at the end of the third period. EAC unleashed the knockout punch and built its biggest lead of the game at 62-57 and never looked back from there.
Justine Sanchez played big as College of Saint Benilde survived University of Perpetual Help, 61-56, to solidify its grip of the solo lead in the second game on Wednesday.
Sanchez shone the brightest with 16 points as the Blazers improved further to a 12-2 record and the Altas fell to 6-9.
basketball history when he plays for the 21st-ranked Gators this season.
The cheerful guy known as “Oli” will become the tallest to play college hoops, supplanting 7-foot-7 Kenny George of UNC Asheville (2006-08).
fit in the frame any other way. At 7 feet and 9 inches (2.4 meters), Rioux is the ultimate BMOC. He’s actually the Biggest Man On Campus—any campus. The Florida freshman, a happygo-lucky Canadian who owns a spot in the Guinness record book as the world’s tallest teenager, also will make
He’s 2 inches (5 centimeters) taller than former National Basketball Association (NBA) giants Gheorghe Muresan and Manute Bol, and three inches taller than popular big men Yao Ming, Tacko Fall and Shawn Bradley.
“You get asked questions every day,” said Rioux, who likes to draw in his spare time. “You don’t have a single three seconds to yourself when you’re
these women in sports who have the same mindset, the same
DiazNaranjo said. “I hope more women would come out strong in sports.”
Joining the Tokyo Olympics champion were Woman Grandmaster Janelle Mae Frayna, former long jump queen Elma Muros-Posadas and Paralympics medalist Adeline Dumapong.
“This is a step forward in promoting gender equality with the Philippine sports industry,” said Bowling Hall of Famer Coo, a three-time world champion and owner of 34 more gold medals in the Asian championships, Asian Games and Southeast Asian Games.
“We believe that the voices of our female athletes and leaders are essential in shaping the future of sports,” she said.
The event also had comprehensive discussions on social topics which touch women in sports—gender inclusivity, violence against women and girls in sports and women athletes with special needs.
outside, which I was fine with because my brother and my dad are tall. And, as a family, we used to go out. That’s just how it was, and you can’t change that because people are curious.”
His college teammates have gotten used to it by now.
“It’s really weird looking up to someone,” said 7-foot-1 center Micah Handlogten. “But being around him just about every day, it’s just different when you’re out in public with him. People normally ask me, ‘You’re so tall. Do you play basketball?’ No one says a word to me [now].
NorthPort’s Arvin Tolentino ran second with 37.5 SPs on 23.7
the best player in the Governors’ Cup.
Fajardo’s also bound to join the national men’s team practice in preparation for the FIBA Asia 2025 qualifying window where Gilas Pilipinas plays New Zealand and Hong Kong in a home-and-away format from
Hidilyn Diaz-Naranjo, athletics great Elma Muros Posadas and their fellow athletes show off their commemorative rings.
KARL ELDREW and Eliza Yulo look bound to follow their elder brother Carlos Yulo’s footsteps. Photo KG Management Inc.
FAJARDO
NEW YORK—Fifteen years after little Anthony Volpe watched the Yankees parade with the World Series trophy, he saved their season and kept alive hopes for an improbable title.
New York had moved closer to getting swept in the World Series when Freddie Freeman hit another first-inning home run.
Volpe, a New York native whose family idolizes the pinstripes going back generations, turned on a kneehigh slider and perhaps reshaped the Series, too. His third-inning grand slam sparked the Yankees to an 11-4 win over the Los Angeles Dodgers on Tuesday night that forced a Game 5.
“The place was shaking. I felt the ground literally shaking,” Yankees catcher Austin Wells said.
Wells and Gleyber Torres added homers for the Yankees, who broke open the game with a five-run eighth. New York, which had scored just seven runs in the first three games, had some of its swagger back. Wells spoke after the game wearing a “Fully Operational Death Star” Yankees T-shirt, referring to general manager Brian Cashman’s 2018 quip. Fans in the sellout crowd of 49,354 chanted Volpe’s name during the ninth inning.
“It’s like you finally got to see the top blow off Yankee Stadium in a World Series game,” Aaron Boone said after his first World Series win as New York’s manager. “When Anthony hits that ball, it was like fun to see Yankee Stadium erupt.” Wells said the dire situation after Monday’s loss had relieved the pressure.
“Why not go out tomorrow and have fun?” he described as the mood. Freeman homered for his sixth straight Series game when he deposited a slider from rookie Luis Gil into the right-field short porch following Mookie Betts’ one-out double. He became the first player to homer in the first four games of a World Series and his streak of long balls in six straight games is one more than Houston’s George Springer 2017 and ’19.
“I’ll look back on it after hopefully we win and get this thing done tomorrow,” Freeman said. “Pretty cool. Obviously, hopefully I can keep it going tomorrow.”
Game 5 is Wednesday night, with the Yankees ace Gerrit Cole and the Dodgers’ Jack Flaherty meeting in a rematch of Game 1. Seeking to become the first team to overcome a 3-0 Series deficit, New York surged ahead 5-2 on Alex Verdugo’s RBI grounder in the second and Volpe’s drive against Daniel Hudson.
“All it takes is just one swing,” Yankees captain Aaron Judge said. Volpe sent Hudson’s first pitch into the left-field seats.
“I pretty much blacked out as soon as I saw it go over the fence,” Volpe said.
A Gold Glove shortstop in his second big league season, the 23-yearold Volpe also doubled and became the first player in Series history with
a grand slam and a pair of stolen bases in one game. He was 8 when the Yankees last won the Series.
Volpe scored New York’s first run when he walked after falling behind 0-2 in the second inning. He made a baserunning blunder when he headed back to second to tag up and failed to score on Wells’ double off the centerfield wall—pounding his own leg in anger. Verdugo followed with an RBI grounder.
“They’re going to fight,” Betts said. “If you made it this far, you have a resilient team that’s going to fight the whole time.”
Los Angeles closed within 6-4 in a two-run fifth that included Will Smith’s homer off Gil and an RBI grounder by Freeman. Despite a sprained right ankle, Freeman beat a relay to avoid an inning-ending double play on what originally was ruled an out but was reversed in a video review.
Wells hit a second-deck homer in the sixth against Landon Knack, and Verdugo added another run-scoring grounder in the eighth—capping an 11-pitch at-bat—ahead of Torres’s three-run homer off Brent Honeywell.
Tim Hill, winning pitcher Clay Holmes, Mark Leiter Jr., Luke Weaver and Tim Mayza strung together five innings of one-hit scoreless relief with seven strikeouts, and the Yankees avoided what would have been their first losing Series sweep since 1976.
“As far as outcomes, to have six guys in your ’pen that are feeling good, rested, I feel good about that,” Dodgers manager Dave Roberts said.
Twenty-one of the previous 24 teams to take 3-0 Series leads went on to sweeps, all but the 1910 Philadelphia Athletics against the Chicago Cubs, the 1937 Yankees against the New York Giants and the 1970 Baltimore Orioles against the Cincinnati Reds. All three of those Series ended in five games.
The 2004 Boston Red Sox, sparked by a stolen base by Roberts, are the only team to overcome a 3-0 deficit in any round, beating the Yankees in the AL Championship Series.
Judge drove in his first run of the Series with an RBI single in the eighth and is 2 for 15 in the four games.
Dodgers sensation Shohei Ohtani also is 2 for 15 after going 1 for 4 with a single, his first hit since partially separating his left shoulder in Game 2.
New York stopped a seven-game Series losing streak against the Dodgers dating to 1981. The Yankees got their first seven RBIs from the bottom three hitters in their batting order, Volpe, Wells and Verdugo, who had entered 4 for 32 with three RBIs in the Series.
Volpe was interviewed after the game by former Yankees captain Derek Jeter, now a Fox broadcaster.
“It’s my dream, but it was all my friends’ dreams, all my cousins’ dreams, probably my sister’s dream, too. But winning the World Series was first and foremost. by far. Nothing else compares. So still got a lot of work to do,” Volpe said.
Former Boston star David Ortiz, also a Fox commentator, gave Volpe a shirt.
“I’ve got it in my locker,” Volpe said. “I can’t wear it. It’s got him and Red Sox stuff on it.” AP
Ohtani’s hometown has to wait another day
OSHU CITY, Japan—A small group of about 60 fans gathered Wednesday morning for a watch party at the city hall in Shohei Ohtani’s hometown in northern Japan.
They came dressed mostly in blue, the interlocking LA on their caps, to celebrate a World Series title for Ohtani, the Dodgers and this rural community.
They left disappointed.
The Yankees defeated the Dodgers 11-4, but there was no loss of confidence in Oshu City, located about 300 miles (500 kilometers) north of Tokyo.
“I would have been happy for the Dodgers to win all four games, but I didn’t mind losing one,” fan Yoshiyuki Kosaka said. “The Dodgers still have the
Yanks get to live another day with Game 4 victory
C4 | Thursday, OCTOber 31, 2024
mirror_sports@yahoo.com.ph
Editor: Jun Lomibao
advantage and I want them to win the World Series title tomorrow.”
Fans predicted their local superstar and the Dodgers—he played Little League and high school baseball here—would rally and clinch the series in Game 5. The Dodgers lead 3-1 and are still strong favorites in the best-ofseven series.
“The Dodgers were in a good mood yesterday and I hoped they would keep the momentum going and win today,” said another fan, Yoko Chiba. “But it ended not with the result I was hoping for.” The fans made racket with their thunder sticks for a minute in the seventh with Ohtani batting and the Dodgers trailing 6-4. The
plastic noisemakers even carried an encouraging message on the side: “The Pride of Oshu City.”
It didn’t help. Ohtani struck out and the noise stopped, typifying the morning.
Oshu Mayor Jun Kuranari offered confidence in Ohtani.
“Together with our local people, I hope that Ohtani, who is from here, will hit a smashing home run tomorrow,” he said.
Ohtani’s hometown is a rural place, famous for its high-quality Maesawa beef, its history of making traditional ironware and the intense green hills and mountains that surround it.
Japanese call such places “inaka”— roughly translated as the “countryside.”
No glitz, quiet streets and up north—cold winters.
These days, Oshu City is most famous for Ohtani himself, and the intense pride local people show for one of the game’s greatest ever players.
The town honors Ohtani at every turn. And to experience it, start first
with hairdresser Hironobu Kanno’s salon called “Seems.” The hair salon that became a shrine to Ohtani.
The waiting room is a museum dedicated to Ohtani with about 300 artifacts hung, stacked and squeezed into every corner. Even more items are in storage.
There are signed Dodgers and Angels jerseys, dozen of autographed baseballs, bats, shoes, caps, gloves, bobbleheads, photos of Othani and his wife, Mamiko Tanaka, shirts emblazoned with images of his dog Decopin (Decoy in English), stuffed animals, pillows and life-size cutouts of the superstar.
Kanno said many fans come to town on a kind of “pilgrimage,” and his shop is often part of that.
“My customers and those who come to visit Ohtani’s hometown really enjoy seeing the collection, and I think it is a very effective way for them to feel closer to Ohtani,” he said.
The collecting began innocently when Kanno attended a baseball game on May 23, 2013—the first
professional game in which Ohtani batted and pitched. This was for Japan’s Hokkaido Nippon-Ham Fighters, and Kanno came back with a ball signed by Ohtani.
“When I put the ball with Ohtani’s autograph in my salon, the customers were very happy to see it,” Kanno said. “So I started to collect goods little by little.”
The rest is history.
He said his most treasured item is a cap signed by Japanese players who defeated the United States in the final of last year’s World Baseball Classic in Miami. Kanno confessed that the cost of Ohtani goods keeps rising. He suggested he’d spent about 10 million yen—perhaps $100,000—on Ohtani merchandise over a decade, and guessed the value might be five or six times as much. He said he’d never met Ohtani nor his mother and father—Toru and Kayako—and the superstar has never seen the collection. He said eventually, he’d like to see it in a real museum and added he wasn’t in it for financial gain. AP
“I’ve
said
so I think it kind of set the tone.” It was the second time Torres had an at-bat impacted by fan interference this World Series. With two outs in the ninth
PEOPLE react as they watch a live view of Game 4 of the World Series in Oshu, Japan, hometown of the Dodgers’ Shohei Ohtani. AP
FANS interfere with a foul ball caught by Los Angeles Dodgers right fielder Mookie Betts during the first inning of Game 4. AP
ANTHONY VOLPE lifts the Yankees to an 11-4 win over the Los Angeles Dodgers on Tuesday night that forced a Game 5. AP
Editor: Gerard S. Ramos • lifestylebusinessmirror@gmail.com
Guiding children through grief and remembrance
IREMEMBER attending my first wake when my great grandmother passed away at age 99. I was in preschool then. What I remembered was our funeral rituals at Paz Manila everyday rolling and folding yellow papers to burn so my “A-tai” [great grandmother] will have lots of money to use in the afterlife.
The experience was very different when my grand aunt “Sako-po,” passed away when I was in second year high school. She was a parent, tutor, supporter and friend all gifted to me in one person, so I could not
totally understand how to step out into my normal world again after she passed. I cried a lot on my own. I remembered the feeling of meaninglessness and the hope to be with her.
Looking back, death was a topic I used in every free writing or creative assignment then. It took me a few years and a lot of self-navigation to come out of such a painful event less broken and a lot stronger. I was 15 then.
My nanny Manang Eyang passed away the same year my second child was born. My daughter was 3 years old then. I was beyond sad then but sharing Manang Eyang’s memories with my children throughout the months and years of my grief process helped a lot. I felt it taught my children the painful reality of grief, as well as the comfort when we do special ways of remembering our departed loved ones.
It is not easy for children to understand and cope with the loss of a loved one. Even to adults, this is a hard challenge. But I believe if we are able to teach our child about grief and remembrance, and lovingly guide them through such a difficult time, it would be
a great opportunity for our child to learn emotional skills which teach them to healthily process their feelings and keep memories of their loved ones close to their hearts. Here are meaningful ways to help children handle and celebrate the memories of those they’ve lost.
■ CREATE A MEMORY BOOK OR DIGITAL ALBUM TOGETHER. Creating a memory book with a child is a comforting way to help them honor their loved one. Sit down with them to gather photos, drawings, or written memories that celebrate joyful times shared.
Encourage them to contribute their own mementos, like pictures they’ve drawn or letters they’ve written. Assembling these memories together can be a healing shared experience that opens up conversations about what they loved most about that person.
■ CELEBRATE SPECIAL OCCASIONS WITH SIMPLE TRADITIONS. Celebrating birthdays or special holidays can be challenging after a loss, but simple, intentional traditions can be a comforting way for children to honor their loved one.
October 31, 2024
On these days, you might set aside time to do something meaningful together as a family, like baking a favorite recipe, watching a beloved movie, or visiting a special place.
■ SET UP A MEMORY SPACE AT HOME.
Creating a memory space or corner at home can provide children with a place to visit when they miss their loved one.
Let them help you decide what should go in this space—perhaps a framed photo, a small memento, or even something like a favorite book. Encourage your child to spend time in this area when they feel the need to connect.
■ ENCOURAGE ACTS OF KINDNESS IN THEIR MEMORY. One of the most beautiful ways for children to honor a loved one is through acts of kindness. If your loved one cared deeply about helping others or had a favorite cause, talk to your child about ways they can continue this legacy.
These gestures give them a sense of purpose and help them channel their grief into something positive,
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Swedes take a new step in parental leave. Grandparents can now get paid to take care of grandkids
COPENHAGEN, Denmark—Sweden launched a groundbreaking new law on Monday that allows grandparents to step in and get paid parental leave while taking care of their grandchildren for up to three months of a child’s first year.
The development comes after the Swedish parliament, the 349-seat Riksdag, approved last December the government’s proposal on transfer of parental allowance. This comes 50 years after the Scandinavian country became the first in the world to introduce paid parental leave for fathers and not just mothers.
Under the law, parents can transfer some of their generous parental leave allowance to the child’s grandparents. A parent couple can transfer a maximum of 45 days to others while a single parent can transfer 90 days, according to the Social Insurance Agency, a government agency that administers the social insurance system.
people get a fixed amount of 180 kronor ($17) per day.
There are also other benefits for parents in Sweden—they can also work reduced hours until the child is 8 years old, while government employees can get those reduced hours until the child turns 12.
By contrast, the United States is one of only a handful of countries—and the only industrialized one—that does not have a national paid maternity leave policy. The Family and Medical Leave Act provides eligible American workers with up to 12 weeks of job-protected leave per year, but that time is unpaid. “We have no federal, national-level entitlement to paid parental leave at all,” said Vicki Shabo, who researches and advocates for paid family and medical leave programs in the United States at Washington, DC-based think tank New America.
Paid family leave programs have been created in 13 states and Washington, D.C., although the parental leave offered in those places is generally about three months—just a fraction of Sweden’s benefits. As of
Make said. “Examples like Sweden show just how far behind the United States is. We have a lot of work to do to catch up with the rest of the industrialized world.”
Alexandra Wallin of Sweden’s Social Insurance Agency told Swedish broadcaster SVT the new law will “give greater opportunities.”
Still, the rules for grandparents, she said, are the same as for ordinary parental allowance and require a person be insured for parental allowance, which most people in Sweden are.
There are conditions for parental allowance—a retiree can also take parental leave, for example, in which case the compensation is based on the person’s pension. A person may not look for work or study
Eugenia Last
Guiding children through grief and remembrance
CONTINUED FROM D1
WATCH DWAYNE JOHNSON, CHRIS EVANS TRY TO SAVE CHRISTMAS IN THE ACTION-COMEDY ‘RED ONE’ IN CINEMAS NOVEMBER 6
THE mission to save Christmas is on. Red One is coming to cinemas on November 6.
Starring Dwayne Johnson, Red One is a must-see action-comedy event that delivers a fresh twist on Christmas for the holiday season. Directed by Jake Kasdan, who has previously teamed with Johnson on the blockbuster Jumanji movies, this multigenerational global spectacle features, such megawatt stars as Chris Evans teaming up in a high stakes adventure packed with adrenaline and attitude.
After Santa Claus—Code Name: Red One—is kidnapped, the North Pole’s head of security (Dwayne Johnson) must team up with the world’s most infamous bounty hunter (Chris
Evans) in a globe-trotting, action-packed mission to save Christmas.
Jake Kasdan directs from a screenplay by Chris Morgan (the Fast & Furious franchise), story by Hiram Garcia (the Jumanji and Fast & Furious franchises).
The film also stars Lucy Liu (the Charlie’s Angels franchise), Kiernan Shipka (Twisters), Bonnie Hunt (Cheaper By the Dozen), Kristofer Hivju (Game of Thrones), Nick Kroll (Big Mouth), Wesley Kimmel (The Mandalorian), and Oscar winner J.K. Simmons (Whiplash). In cinemas November 6, Red One is distributed in the Philippines by Warner Bros. Pictures, a Warner Bros. Discovery company.
your best to get along with everyone. Patience will pay off when dealing with negotiations and considering changes that can influence your financial, medical or contractual status quo. A change can prompt opportunity if it concerns a cause or a partnership. Look at the possibilities and put a strategy in place. Preparation is vital, and being secretive until you are ready is necessary. Protect your assets and make common sense a priority. ★★★
SAGITTARIUS (Nov. 22-Dec. 21): Pay attention to what's happening around you. A situation based on pretense will take advantage of you and your kindness and hospitality. Please don't ignore the truth or let someone tell a lie to benefit themselves. Speak up and share valid information. ★★★
CAPRICORN (Dec. 22-Jan. 19): Choose a lifestyle that frees up enough time to enjoy the people and pastimes that make you happy. It's up to you to redirect negative energy and take advantage of opportunities. Don't fold under pressure or let anyone take advantage of you.
AQUARIUS (Jan. 20-Feb. 18): Distance yourself from people heading in the opposite direction. Talk is cheap; someone you least expect will make allegations that can hurt your reputation if given the chance. Focus on home, family and what makes you happy, and you'll gain stability and trust. ★★★★★
PISCES (Feb. 19-March 20): Don't give in to someone using emotional blackmail. Take the initiative to dance like no one is watching, and invest more time and money in the people and pastimes that make you happy. Personal growth, money management and
BIRTHDAY
FROM left: Me with manang Eyang during my engagement; some of our visits with my children to manang’s resting place at San Quintin, Pangasinan, since they were young children; my daughter with manang Eyang’s niece Ching dela Cruz during Meagan’s Vote4Youth seminar at San Quintin National High School, where Ching teaches.
FILM ACADEMIC ED CABAGNOT TO DISCUSS THE IMPACT OF AI IN THE ARTS
FILM academic Ed Cabagnot will present the evolution of artificial intelligence (AI) and its impact on the arts in a free public lecture. Cabagnot, an active proponent of developing pioneering courses on AI related to media and the creative and culture industries, will share with students a comprehensive overview of AI: is it a tool, a toy, a threat, or something else?
He will delve into its interconnected relationship with the human experience and today’s technology. He is set to expound on the essence of a digital native in the Age of the Infosphere, a metaphysical environment of data, knowledge and communication.
The impact of AI and other emerging technologies on Filipino creatives, particularly filmmakers, will be explored. The discussion will tackle diverse ways to thrive, and not just survive, in the ever-evolving landscape of the field.
The talk is part of the Master Lecture Series organized by the BenildeFilm Program of the De La Salle-College of Saint Benilde (DLS-CSB). It aims to provide young creators with an understanding of the scientific breakthrough that enables computers and gadgets to simulate human learning, comprehension, ingenuity, and problem-solving.
Cabagnot’s career in cinema spans more than three and a half decades. Currently, he teaches film-related courses at Benilde School of New Media Arts (SNMA), the University of the Philippines, and De La Salle University, with a focus on Contemporary Southeast Asian Cinema, Film Festival Management, and Philosophy and Pinoy Cinema.
He served at the Cultural Center of the Philippines (CCP) as the director of the CCP Media (Film, Broadcast, and New Media) Arts Division. He was a founding member of the Cinemalaya Philippine Independent Film Festival, wherein he was in charge of the programming.
He has organized alternative festivals, film workshops, and fora and managed the Gawad CCP Para sa Alternatibong Pelikula at Video (CCP) Independent Film and Video Competition, which was established in 1987 and has been the longest-running indie film and video competition in Asia.
Since the mid-1970s, he has written columns and articles for Philippine and international publications. He also held a brief stint as editor in chief of the Asia-Europe Foundation’s film360 online site. Cabagnot served as an executive member of the National Commission for Culture and the Arts Cinema Committee for nine straight years. He was likewise part of the Metro Manila Film Festival Executive Committee in 2016, which brought much-needed reform to the longest-running nationwide festival of the Philippines.
He was recently awarded the Key to the City of Manila for his role as advisor and festival director of The Manila Film Festival 2024.
The discussion is free and open to students from other schools, colleges and universities.
It is scheduled on November 8, 2024, from 11:30 am to 2:30 pm, and will be held at the 12th Floor, Screening Room of the Design + Arts Campus. Slots are limited. Interested participants may register via forms.gle/cyeeFtmPY32bj3Dj8 More information is available at www.facebook.com/ BenildeFilm.
CNN bans conservative writer a�ter ‘beeper’ comment to Muslim commentator
BY DAVID BAUDE� The Associated Press
NEW YORK—CNN has banned conservative writer Ryan Girdusky from the network following a contentious on-air exchange in which he told panelist Mehdi Hasan that “I hope your beeper doesn’t go off.”
“Did you just say I should die?” Hasan said.
He was responding to Girdusky’s apparent reference to September’s attacks where pagers and walkie-talkies used by hundreds of Hezbollah members in Lebanon and Syria exploded simultaneously, killing 39.
The attack was widely believed to be carried out by Israel.
Hasan and Girdusky were on a panel on News Night Monday night, talking about Donald Trump’s rally at Madison Square Garden, where speakers made a variety of racist comments and referred to Puerto Rico as a “floating island of garbage.” The panel discussion devolved into back-and-forth bickering after Girdusky said to Hasan, a commentator and founder of the media company Zeteo, that “you’ve been called an anti-Semite more than anyone else at this table.”
Host Abby Phillip said that Girdusky’s beeper comment was “completely out of pocket” and he apologized. But after a commercial break, he was gone.
Philip apologized to Hasan and to viewers. She said Girdusky, author of the book They’re Not Listening: How the Elites Created the National Populist Revolution, had crossed a line.
CNN was having a heated discussion about the
Trump rally, where the racist and other demeaning language was a sign of how tensions are coming to a boil with only a week to go until a highly contested and contentious Election Day that reflects the nation’s political and cultural fissures.
Despite that fragmentation, Phillip said that “we can have conversations about what is happening in this country without resorting to the lowest...kind of
Sean ‘Diddy’ Combs accused in new lawsuits of sexually assaulting 10- and
NEW YORK—Sean “Diddy” Combs is accused in one of two lawsuits filed on Monday of drugging and sexually assaulting a 10-year-old boy in a New York City hotel room in 2005.
The second lawsuit accuses the jailed hip-hop mogul of similarly assaulting a 17-year-old would-be contestant on the reality television series Making the Band in 2008.
The lawsuits filed in state Supreme Court in New York are the latest in a wave of lawsuits in which accusers allege they were sexually assaulted by Combs at parties and meetings over the last two decades. Combs’ lawyers denied the two new claims Monday and accused the plaintiffs’ lawyer, Anthony Buzbee, who also represents accusers in earlier lawsuits, of seeking publicity.
“Mr. Combs and his legal team have full confidence in the facts and the integrity of the judicial process,” an emailed statement said. “In court, the truth will prevail: that Mr. Combs never sexually assaulted or trafficked anyone—man or woman, adult or minor.” Combs, 54, is incarcerated in a New York City jail after pleading not guilty to federal sex trafficking charges contained in an indictment unsealed the day after his September 16 arrest. Charges include allegations he coerced and abused women and
discourse.”
CNN, saying there is “zero room for racism or bigotry at CNN or on our air,” said that Girdusky would not be allowed back on the network.
Girdusky responded in a post on X: “You can stay on CNN if you falsely call every Republican a Nazi” but apparently can’t “if you make a joke. I’m glad America gets to see what CNN stands for.” ■
17-year-old boys
silenced victims through blackmail and violence.
The 10-year-old boy who was not identified in the lawsuit was an aspiring actor and rapper who had traveled with his parents from California for meetings with music industry representatives. During what was supposed to be an audition for Combs, he was given a drug-laced soda by a Combs’ associate and sexually assaulted by the Bad Boy Records founder, according to the lawsuit.
The boy eventually lost consciousness. When he awoke, Combs threatened to badly hurt the child’s parents if he told anyone what happened, the filing said.
In a second lawsuit, a 17-year-old unidentified male said Combs forced him into sexual acts with Combs and a bodyguard during a three-day audition for the Making the Band television show, which Combs produced.
When the aspiring contestant expressed reservations, he was eliminated from the competition and unable to return to the music industry for seven years, according to the filing. AP
THE Cultural Center of the Philippines (CCP) is now accepting applications for Batch 12 of the CCP Kabataang Gitarista (KG) Program. A project of the Artist Training Division under the CCP Arts Education Department, the KG Program provides classical guitar training and performing opportunities for aspiring guitarists, while developing an increased appreciation for classical guitar. Interested applicants must be in Grades 7 to 9 in a public high school in Caloocan, Manila, Pasay, Parañaque, Las Piñas, Bacoor, or Imus, Cavite. They must also have an outstanding academic record and good moral character. Applicants must complete the Application Form (downloadable at linktr. ee/CCPKGProgramAuditions) and submit it via e-mail to artist.training@culturalcenter. gov.ph on or before 11:59 pm on November 15, 2024. Auditions will be held on November 16,
2024, starting at 8 am at the CCP Annex Building in Pasay City. It will be followed by a Parent’s Orientation and Lecture of the accepted applicants at 10 am at the same venue.
Upon confirmation, successful applicants will receive the highest level of classical guitar training for free. The CCP KG Program, with its 12th batch of members, will also develop a performing classical guitar ensemble to usher fresh perspectives in the Philippine musical landscape. All members will attend weekly guitar lessons and training every Saturday morning at the CCP Annex.
Since 2012, the CCP Kabataang Gitarista Program has been providing its members with valuable opportunities and training. Under the guidance of its program director Melissa Corazon V. Mantaring, and mentors Christian Mercader, Fernando Sy-Changco III, and Edel Mark Bitao, the members continue to
hone their skills and techniques with their classical guitars. The members have been performing at various CCP venues and other alternative venues, and in selected public and private schools. Several members of the CCP Kabataang Gitarista Program have also competed and won inter-high school, national, and global competitions. While bringing honor to their respective schools and the country, the CCP KG Program pushes boundaries by empowering the next generation of Filipino classical guitarists. Four of its alumni have finished their music degrees, while others decided to pursue guitar studies in different colleges of music.
For inquiries about the CCP Kabataang Gitarista Program, contact the CCP Artist Training Division via e-mail at artist. training@culturalcenter.gov.ph, call 8832-1125 (local 1605) or message 0950-7514403 via Viber. CCP KABATAANG GITARISTA IS NOW ACCEPTING APPLICATIONS FOR BATCH 12
MEHDI
HASAN (left) and Ryan Girdusky appear on CNN NewsNight
SEAN “Diddy” Combs
JONATHAN ROUMIE OF ‘THE CHOSEN’ IS COMING TO MANILA IN NOVEMBER
JONATHAN ROUMIE, the actor beloved for his portrayal of Jesus in the ground-breaking series
The Chosen, is set to visit Manila for a fan screening event on November 22, 2024. This promises an early Christmas gift for Pinoy fans of the hit series The Chosen The event will showcase the much-anticipated Christmas special Christmas with The Chosen: Holy Night This retelling of the birth of Jesus, as seen through the eyes of Mary and Joseph beautifully weaves the stories of The Messengers and The Shepherd into an all-new remastered feature in time for the holiday season.
Meant to be seen in theaters, the special screening of Christmas with The Chosen: Holy Night promises an unforgettable, highly inspiring experience, blending powerful storytelling with stirring music. It will also feature a live video message from The Chosen creator and director Dallas Jenkins, encouraging reflection on the deeper meaning of Christmas, along with captivating performances from renowned artists, including the legendary Andrea Bocelli and his son Matteo. Other musical performances in the featured screening will include The Feast Choir, adding a uniquely Filipino touch to the celebration. Fans can expect not only to watch the Christmas special but also to experience the spirit of the season through community, music, inspiration—and, of course, to take some “selfies with Jesus” at the mall. A special live performance from Virlanie Voices, from Virlanie Foundation, will also be part of the live fan event program. Virlanie Foundation, a non-profit and non-sectarian children’s foundation, helps disadvantaged children reach their full potential by providing opportunities for their healing and development through a multi-disciplinary approach. As part of the pre-screening program, fans will have the opportunity to have an up-close moment as Jonathan Roumie is set to walk the teal carpet. Roumie’s Jesus in The Chosen is a comforting balance of the human and the divine. Here, Jesus is a compassionate miracle worker who’s also a guy next door—laughing, eating, joking, and even getting frustrated like any human would. Roumie’s warm and charismatic onscreen presence brings to life a relatable, approachable Jesus who can sit with you, share a meal, and talk about your day. In short, Roumie’s Jesus is a Jesus after the Filipinos’ own heart. Roumie, who has become a global sensation through his role in The Chosen, expressed his excitement about coming to Manila, says in his video message while taking a walk: “Mabuhay Philippines, I’m Jonathan Roumie, I portray Jesus in The Chosen. I have some very exciting news for you. We are going to have a live fan event in the Philippines this November 22nd. Yes, I will be there personally. I want to thank you so much for your love and support for our show and I’m so excited to meet our Filipino fans. You know we have a lot planned for the Philippines so be sure to follow us on Facebook, Instagram and TikTok @thechosentvph for updates.” Christmas with The Chosen Holy Night is sure to be one of the year’s most memorable events in Manila, combining faith, music, and coming face to face with Jonathan Roumie.
THERE’S a meet-the-parents scene in the hit Netflix series Nobody Wants This where Adam Brody’s Noah arrives at his girlfriend Joanne’s house (played by Kristen Bell), wearing a sports coat and carrying an oversized bouquet of sunflowers. Joanne is so appalled by his efforts that she decides they need to break up. Before she can end things, Noah confronts Joanne and says he’s not going to apologize for wanting to make a good impression with her parents.
“You can self-sabotage all you want but, honestly I think you should get over it,” Noah says to a shocked Joanne. Erin Foster, the show’s creator and showrunner, says when she met her husband, Simon Tikhman, in 2018, she realized “finding the right person can be hard.
The ‘Juror
#2’ cast still can’t believe they got to work with Clint Eastwood
BY LINDSEY BAH� The Associated Press
NICHOLAS HOULT was certain someone had made a mistake.
Clint Eastwood wanted to talk to him about starring his new film, a slow burn legal thriller about a normal guy faced with an extraordinary moral dilemma. Surely Eastwood meant someone else, he thought. But soon enough they were chatting on the phone about Juror #2, opening in theaters on Friday.
“I was so nervous,” the British actor said. “I remember saying to him, “I really like the script.” I was so eager to please.”
For Eastwood’s comeback, Hoult slipped into a pitch-perfect impersonation of his gravelly voice: “If you like it so much, I guess I’ll have to read it.”
Suddenly Hoult was laughing. The tension was broken.
“I was like, wow this guy’s cool,” he said. “He’s got a great sense of humor and we’re going to get along.”
Though there may be a healthy amount of English self-deprecation in the story, the spirit of it isn’t unique to Hoult. Eastwood, 94, is the kind of living legend that has even the most seasoned veterans a little starstruck. Juror #2, his 42nd film behind the camera, is getting strong reviews for being a smart, original courtroom thriller about an impossible conundrum.
In the original script by Jonathan Abrams, Hoult’s character, a recovering alcoholic with his first child about to be born, gets selected for jury duty on a murder case. But when the facts start to emerge, so do his memories and he’s forced to confront the possibility that he might have been unknowingly responsible.
“After the first read, it had me,” Eastwood wrote in an e-mail. “It made me think about what would you
do if you were put in this situation? What is right? What is wrong? Who would you protect? A true moral dilemma. That’s something I’d want to watch.”
And he started rounding out his cast, led by Hoult who he called a true “movie star,” with supporting turns from Toni Collette as the ambitious prosecutor, Chris Messina as the public defender, J.K. Simmons as a fellow juror, as well as, Zoey Deutch and Kiefer Sutherland, who wrote a letter asking if there might be a role for him.
Sutherland had long imagined he’d cross paths with Eastwood. A lifelong Western fan, Sutherland’s late father Donald Sutherland had even worked with Eastwood a few times (Kelly’s Heroes, Space Cowboys). But when he read about the plans for Juror #2 he felt a new sense of urgency.
“I always thought one day I would arrive at Mr. Eastwood’s doorstep. Then I realized that that time was maybe kind of going away,” said Sutherland. “I just said, ‘I’ve always dreamed of working with you and if there is a part, any part, I would just like to be able to have the experience of watching you direct.”
He was ultimately cast to play a lawyer and an AA sponsor to Hoult’s character. The screentime was relatively small, but the experience exactly what he hoped: A masterclass in the truest sense.
“I’ve worked with people that shout and get angry and they’re very demonstrative,” Sutherland said. “He was so amazingly quiet and calm and soft-spoken. That’s someone who has power, when they can be that and get everything they need.”
On one of his first days, an assistant director was explaining to Sutherland how to navigate a doorway in a scene. Eastwood stepped in to stop the tutorial, telling the AD, “He knows what he’s doing.” Despite his 40-plus years in the business, Sutherland said he walked a little taller that day.
“It made my life,” Sutherland said. “I’m very glad I didn’t work with him when I was 18 years old, because
I would have tied myself in knots.”
Collette similarly said she’s never felt so trusted.
“He’s so confident as a director, but not in a negative way. He’s just so present and allows it all to unfold,” she said. “I’ve never worked with anyone who’s so easygoing, to be honest.”
The film would also be the first time she and Hoult would share the screen since they played mother and son in About a Boy 23 years ago, when he was only 11. They’d texted a bit prior, but Collette was not prepared for the swell of emotion seeing Hoult, now 34, again. Then came their first scene together and it wasn’t going to be an easy one: In fact, fact, it’s the last shot of the film.
But that’s the Eastwood way. His efficiency on set is the stuff of legend. Sometimes you get two takes, but three is almost unheard of. Hoult said he and the actors on the jury even rehearsed in secret to make sure they would nail the lengthier scenes. No one wanted to be the squeaky wheel.
“He’s not efficient for the sake of being efficient,” Sutherland said.
“I think Sydney Pollack, for instance, was really efficient and kind of when he became known for being efficient, started trying to show off his efficiency....
I think Mr. Eastwood just kind of looks at a set and looks at a scene and just finds the straightest way to shoot it.”
Much has been made about whether Juror #2 is going to be Eastwood’s last film. But he’s not saying that, publicly or privately. In fact, when production went on hiatus during the actors strike, he didn’t even use that time as a break.
“I remember when we did come back from the strike, I was like, ’What did you do? And he was like, ‘Well, I was looking for new material,’” Collette said.
“It’s nobody’s position to say this is his last movie.”
Sutherland added: “His parking spot at the Warner Bros. lot isn’t going anywhere.” ■
to talk candidly about their dating and breakup stories. Even a bad date is good fodder for the sisters to discuss.
When Joanne meets Noah, sparks immediately fly between the two. Noah’s life goal is to be named head rabbi at his synagogue. He is aware that getting serious with Joanne would be a major issue but ignores it for the time being.
In the meantime, Joanne identifies as non-denominational and their religious differences seem like no big deal.
Over time as Noah’s family and the synagogue begins to pressure him over his relationship, he asks Joanne if she would be willing to convert.
“Erin Foster has created a dynamic where these characters—the world does not want them together. And what does that mean if they want to be together,” said Bell, who does not practice religion.
have its say.”
Foster argues that when a couple meets when they’re more settled in their own lives, sometimes they both need to adjust. “I don’t think it’s responsible to show women in 2024 that ‘all you have to do to find your perfect person is to change everything about yourself.’ That’s not the message I want to send. But I also want you to look at the idea that it is OK sometimes to change some things about yourself, to fit a person who’s also going to change things about themselves.”
To write about Judaism accurately, Foster enlisted the help of her own rabbi, who “read every script,” she said. “Listen...I’m sure some Reddit forum could find things that we did wrong if they want to. You have to let a few small things go because it’s TV.”
Brody, who grew up Jewish but defines himself as agnostic, says it was “interesting and a fun avenue” to explore someone who is different from himself and deeply committed to their religion. AP Finding Mr. Right and converting to Judaism led Erin Foster
“When you’re with the wrong person, everything is their fault,” said Foster. “You pick someone who’s cheating and lying and disrespecting you and it’s like you’re perfect. When someone shows up who
is healthy and accountable, you start to realize all the things
relationship.”
In Nobody
“There’s like endless storyline to mine about the interpersonal relationship between two people who probably shouldn’t be together if the world were to
NICHOLAS HOULT and Toni Collette with acclaimed director Clint Eastwood on the
set of the new film
Juror #2
Editor: Anne Ruth Dela Cruz
Innovation, collaboration can reduce stroke burden, save more patient lives
By Rory Visco Contributor
ACCORDING to the Philippine Statistics Authority (PSA), the top three causes of death in the Philippines for the period of January to September 2023 were ischemic heart diseases, neoplasms, and cerebrovascular diseases. This reflects the same data established in the previous year. Ischemic heart diseases, or heart problems due to the narrowing of coronary (heart) arteries, was the leading cause of death with 85,192 cases or 19 percent of the total deaths in the country. Neoplasms, or cancer, was at second with 47,425 deaths for a 10.6-percent share. Cerebrovascular diseases, or stroke, or poor blood flow to the brain, came third with 45,522 recorded cases or 10.1 percent for the period.
Stroke strikes hard THE World Health Organization (WHO) said “stroke is the leading cause of disability worldwide and the second leading cause of death.”
In the Global Stroke Factsheet released in 2022, it showed that the
“lifetime risk of developing a stroke has increased by 50 percent over the last 17 years” and now one in four people is “estimated to have a stroke in their lifetime.” From 1990 to 2019, there has been a 70-percent surge in stroke incidence, 43 percent increase in deaths due to stroke, 102-percent increase in stroke prevalence and 143-percent increase in Disability Adjusted Life Years (DALY).
Unfortunately, the fact sheet revealed that the bulk of the global stroke burden, or about 86 percent of deaths due to stroke and 89 percent of DALYs, occur in lower and lowermiddle-income countries (LMICs), thus posing an “unprecedented problem to families with less resources.”
In the Philippines, in a review that appeared in Arcta Medica Philippina, The National Health Science Journal published by the University of the Philippines—Manila titled “Incidence and Prevalence of Stroke and its Risk Factors in the Philippines: A Systematic Review,” it said that out of the 14 studies included in the review, “the national stroke incidence rate ranged from 3.95 percent to 5.61 percent, while the national stroke prevalence rate ranged from 0.486 percent to 6.0
percent. Hypertension remains the commonly reported risk factor of stroke alongside diabetes, smoking, and high cholesterol level.”
However, what’s lamentable is that despite the high incidence rate, according to another review titled “A scoping review of stroke services within the Philippines” published by BMC Health Services Research, a site that publishes peer-reviewed journals, that although developments in stroke services have been identified, “a wide gap exists between the availability of stroke services and the high burden of stroke in the Philippines,” adding that “strategies are critical to address the identified gaps as a precursor to improving stroke outcomes and reducing burden.”
Strengthening stroke care LUCKILY, there is an initiative by Boehringer Ingelheim (Philippines) Inc. called Angels Initiative “that seeks to elevate stroke care standards and improves patient outcomes.”
At a recent event called Twilight Symposium, the company’s initiative unveiled a new goal, which is to establish 100 Angels regions worldwide by 2027. It also unveiled the “Center of Excellence Award” that celebrates
significant achievements in stroke care management.
The initiative is essentially about optimizing acute stroke-ready hospitals, Emergency Medical Services (EMS) partnerships, and community awareness. This is hopefully achieved through various collaborations with stroke champions nationwide and an even more fortified partnership with the Stroke Society of the Philippines (SSP).
With the vision of advancing stroke care in the Philippines, the Angels Initiative and SSP are committed to help “develop more and better Acute Stroke Ready Hospitals (ASRH), endorse a global registry through the Registry of Stroke Care Quality (RES-Q) to promote quality stroke care, and lead impactful awareness campaigns such as #StrokeDon’sStayAtHome “Brain Attack Awareness Week,” “World Stroke Day Celebrations,” and “Batang Bayani.”
Capacity-building
A LSO established as part of the initiative’s efforts were capacitybuilding programs like the ANGELS Academy, plus simulation workshops that equipped and helped prepare
hospitals to be certified as SSPASRH. The SSP has also advanced ASRH certification, where 66 hospitals have already been certified, plus the development of a real-time thrombolysis-ready hospital locator map. The Stroke Nurse Masterclass, a six-month comprehensive training for nurses, on the other hand, was launched in 2023 and has certified 55 nurses from North and Central Luzon and 110 from the Visayas and Mindanao.
Other benefits of the partnership include strategic planning, annual conventions, and webinars. They continue to work closely with stakeholders in the public health sector to strengthen the National Stroke Policy, collaborate with the Philippine Health Insurance Corp. (PhilHealth) on stroke case rates, integrate RES-Q in the National Stroke Registry with the Department of Information and Communications Technology (DICT), and facilitate knowledge exchange with Southeast Asian neighbors.
“With the significant progress in the Philippines for the past seven years since Angels was launched together with our partner hospitals and stroke champions and teams, there
is a notable upward trend of more and better upscale stroke care management. This is evident in the data showing the capability of strokeready hospitals and stroke teams to be as competitive as the global standard parameters of the registry of quality stroke care (RES-Q),” according to Krissy Avestro, Stroke Care Program Manager and Angels Initiative Lead when asked about the noteworthy progress of stroke care in the Philippines.
During the symposium, Baguio General Hospital and Medical Center, Governor Celestino Gallares Memorial Medical Center, and Quirino Memorial Medical Center, who all achieved Diamond Status in 2023, received the new Center of Excellence Award, with clocks symbolizing their continued excellence in stroke care. There is already significant progress in stroke care and the new standards for excellence highlighted during the symposium. The Angels Initiative and SSP will continue to dedicate their efforts to advance stroke care standards through innovation and collaboration and help reduce the burden of stroke and save more Filipino stroke patients in the country.
AsiAn HospitAl celebrAtes HeAltH And well-being witH severAl Activities
It’s been a busy few weeks for Asian Hospital and Medical Center as it celebrated health and well-being with several activities.
World Heart Day
Ev E ry year World Heart Day is celebrated on s eptember 29 and this year’s theme is “Use Heart for Action.” t his emphasizes the urgency of raising awareness on heart health and accelerating actions to prevent, detect early and manage cardiovascular diseases (C v D). Cardiovascular diseases are a significant global challenge responsible for over 18 million deaths each year. to commemorate the occasion, Asian Hospital opened an exhibit in the main lobby last s eptember 23, 2024 with Dr. Marc Louie Del r osario as the speaker. Dr. Del r osario discussed the impact of bad cholesterol or LDL-C (low-density lipoprotein cholesterol) and the steps that can be taken to maintain heart health.
On hand to witness the opening of the exhibit were Asian Hospital’s healthcare professionals and patients.
Mental Health Awareness Month
tHE month of October marks Mental Health Awareness Month, coinciding with World Mental Health Day which is on October 10. t his year’s theme is “Mental Health at Work.” According to the World Health Organization, safe, healthy working environments can act as a protective factor for mental health. With 60 percent of the global population in work, urgent action is needed to ensure work prevents risks to mental health and protects and supports mental health at work.
Last October 3, Asian Hospital opened its Mental Health Awareness Week exhibit with the theme “Mental Health is Health” at the main lobby. t he event highlighted the hospital’s ongoing commitment to promote mental health and well-being. t he ribbon cutting ceremony was led by Dr. Jose Acuin, AHMC Chief Medical Officer, and Dr.
Attending the event were members of the Psychiatry Department and the Asian Hospital Community who collectively underscored the importance of mental health awareness in the community.
TB DOTS Center inauguration On October 4, AHMC launched its new t B DO ts Center or the tuberculosis Directly Observed treatment, s hort-Course Center.
t he t B DO ts Center helps in the screening, diagnosis, treatment and treatment adherence of patients diagnosed with tuberculosis.
t he DO ts strategy was developed by the WHO as a method of improving the effectiveness of t B treatment regimens.
t he strategy is based on the belief that t B treatment is better administered by healthcare providers who can observe the patient’s treatment adherence and who can offer follow-up and education if the patient does not adhere to the treatment protocol.
t he opening of the center was led by
tamesis along with DO ts Center Head Dr. Mary Jane s andagon and Dr.
r epresentatives from the
official charity arm, Asian Hospital Charities, Inc. (AHCI). All proceeds from the exhibition will go directly to AHCI, reinforcing AHMC’s commitment to creating meaningful, lasting impacts on its communities.
t he launch event was graced by Dr. tamesis, Dr. Ma. r osario s evilla, President of AHCI, and s alvador Castro, husband of Ms. n ora Castro, representing the Castro family. t he n ora D. Castro Fund was founded with a mission to bring critical support to dialysis and stroke patients in need, extending AHMC’s compassionate care to the most vulnerable. t his fund symbolizes AHMC’s commitment to upholding values of empathy, unity, and generosity, principles central to bayanihan. t hrough this meaningful partnership with AHCI, Asian Hospital is dedicated to delivering hope and essential healthcare to those who need it most. For more information about Asian Hospital and Medical Center’s activities, products, and services, visit www.asianhospital.com or their Facebook page //www. facebook.com/AsianHospitalPH.
A S i AN Hospital kicks off World Heart Day with an interactive lobby display.
AHMC proudly launched its new TB DOTS Center dedicated to providing high-quality care for tuberculosis patients.
T H e Mental Heatlh Awareness Week activity highlights the hospital’s ongoing commitment to promote mental health and well-being.
AHMC proudly inaugurated the Ma. Nora D. Castro Fund at the Main Lobby with a vibrant painting exhibition, attended by Dr. Beaver Tamesis, AHMC President and CeO; Dr. Ma. Rosario Sevilla, AHCi President; and Mr. Salvador Castro, representing the family.
D R Beaver Tamesis, President and CeO; Dr. Jose Acuin, Chief Medical Officer; Dr. Ma. Melissa Pasion-Dabao, Chairman of Dermatology; and Ms. Hennesy Lou Miranda, Director of Marketing and Patient e xperience, together with the Department of Dermatology.
Group of parents denounce tobacco company for misleading public on vapes
By Claudeth Mocon-Ciriaco
Don’t be fooled by their “dirty tricks” as the scientific community has made it clear that “heated tobacco products are anything but safe.”
This was the call made by the Parents Against Vape (PAV) as they condemned Philip Morris International (PMI) for placing the wellbeing of the people, especially the youth, in jeopardy, attempting to position itself as a champion of harm reduction but instead, it is “nothing short of a shameless act of exploitation, designed to mislead the public and endanger the children and communities.”
“It is a thinly veiled strategy to sustain nicotine addiction under the guise of harm reduction. We, as Parents Against Vape, denounce this deceitful campaign for what it is: a brazen, calculated strategy to recruit a new generation of users under the guise of ‘reduced harm,’” said PAV.
At the Technovation Forum held recently at The Cube, Neuchatel, Switzerland, PMI revealed its plan
to help the remaining 1.1 billion cigarette smokers in the world turn to “better alternatives.”
PMI claimed that “less” harmful alternatives, aside from IQOS and ECigarettes (VEEV), also include oral smokeless products such as nicotine pouches (ZYN) and snus. “PMI’s ‘smoke-free’ narrative is not about health but about profitssecuring future generations of nicotine addiction under a new guise,” PAV said.
Poison C ONTRARY to PMI’s claims, PAV added, these products do not eliminate risk but continue to “poison” users, with impacts that include addiction and serious long-term health damage.
PAV said that PMI’s deceptive use of “model countries” like Japan and
Sweden obscures the reality that switching from cigarettes to heated tobacco products merely shifts the addiction without addressing the real health hazards.
Research conducted by the World Health Organization (WHO) has found that heated tobacco products, such as PM’s IQOS, release harmful chemicals, including carcinogens and toxic substances known to damage the lungs, heart, and other organs.
Additionally, the US Centers for Disease Control and Prevention (CDC) has confirmed that e-cigarettes and heated tobacco products expose users to potentially harmful substances like nicotine, heavy metals, and volatile organic compounds, many of which are not present in traditional cigarettes.
Dangerous and irresponsible
T HIS tactic, PAV stressed, is both dangerous and irresponsible, aiming to confuse consumers into believing that PMI’s products offer a safe alternative when they only perpetuate dependency and illness.
Legally, PAV noted, the Philippines has enacted laws to restrict the sale and use of vape products, including Republic Act No. 11900, also known as the “Vaporized Nicotine
Victoria Skin brings beauty and wellness
as well as capsules.
IBy Bless Aubrey Ogerio
f you’re looking for a place that offers more than just cosmetic treatments, this beauty and wellness clinic in the heart of Quezon City has you covered.
Victoria Skin Lasers Aesthetics Dermatology redefines the concept of self-care by offering a one-stop-shop experience where high-tech treatments, personalized beauty solutions, and overall wellness converge.
Inspired by the vision of its founder Jerry Acuzar, Victoria Skin embraces an approach that combines skilled aesthetic practices with medical expertise.
“In 2018, [Mr. Jerry] thought of wanting to open a clinic that will cater to the needs of the f ilipinos with doctors who are not just skilled with their aesthetic practice but also open to the medical practice,” said Dr. Dimple Mangondaya-Matulac, the clinic’s medical director, during a media conference on October 19, 2024.
Along with Dr. Matulac, the clinic’s team of experts includes resident doctors Dr. fate Tabian and Dr. Nimeth Tambut, while the leadership team from New San Jose Builders, Inc. are Maria Lorelie Urcia (Executive Vice President) and Mario Isic (Group General Manager).
With the tagline for the clinic’s launch event, “Illuminate: Unveil your Radiance,” reflecting Victoria Skin’s mission to help individuals reveal their best selves, Dr. Matulac
affirms, “All of us want to feel young,” while emphasizing a commitment to “naturallooking enhancements.”
Treatments for every need C LIENTS can choose from advanced hightech services as well as personalized treatments that cater to various skin types and individual needs.
“Usually kasi in aesthetics there are a lot of innovations, there’s a lot of new things we could provide. But the thing is we offer personalized treatments with different skin types,” Dr. Tambut noted.
Dr. Tabian, meanwhile, mentioned the clinic’s plans to harness social media platforms to engage a broader audience, stating, “To be accessible, we want to maximize the use of social media platforms so we would be able to show our variety of treatments so we can generate more interest.”
Offerings include signature and luxury facials, IV drips and pushes, non-invasive skin rejuvenation services like Picosure laser, thermage, and ultherapy, as well as popular treatments such as Botox, mesotherapy, acne scar treatments, nose fillers, fillers, thread lifts, and skin boosters.
There are also non-invasive body contouring with Tripolar f Legend, hyperpigmentation solutions, and laser hair removal with Elysion Pro Laser. The clinic also stocks high-quality skincare products, including sunblock, lotions, creams, and deodorants,
and Non-Nicotine Products Regulation Act,” which imposes age restrictions, mandates health warnings, and limits the availability of vaping products to safeguard public health.
The global legal landscape is shifting as well, with countries like Singapore and Thailand banning ecigarettes outright.
“We commend these efforts, as they underscore the need for more stringent regulation of vaping products, not looser ones as PMI suggests. PMI’s lobbying for relaxed regulations is a deliberate betrayal of public health,” PAV said, reiterating that PMI’s so-called “smoke-free” campaign is nothing more than a “rebranding effort, shamelessly crafted to secure future profits while endangering I lives.”
PAV maintained that they will continue to stand with families and health advocates worldwide in opposing PMI’s despicable manipulation of facts and attempts to exploit the communities through deceptive marketing of products that threaten the health of current and future generations.
“We demand true accountability and fight for a future where our children can live free from the dangers of nicotine addiction,” PAV concluded.
under one roof
While prices for their services typically start at over P1,000, clients find value in the expertise provided, as treatments are performed by medical professionals themselves.
As part of their Grand Launch Sale, Victoria Skin currently offers a 10 percent discount for treatments worth P15,000, a 20 percent discount for treatments worth P30,000, and a 30 percent discount for treatments worth P50,000.
Ethics in aesthetics V ICTORIA Skin’s commitment to ethical practices underpins every treatment and interaction.
Dr. Tabian assured that consents are ready for signing, while Matulac added that they conduct thorough checks of medical history since most clients come seeking help.
“Hindi kami nambobola, heartfelt naman ang aming pag-aasses. It’s not just talking to them [clients], we are not doing business here, we are doctors who want to help,” Dr. Matulac said.
The clinic caters to a wide age range, starting from as young as nine years old for acne treatments, with parental consent required for aggressive procedures. Ideally, clients are encouraged to begin treatments around 25 years old when collagen depletion begins.
Brand ambassadors Jasmine Omay and
Sheryl Alday echo these sentiments by mentioning the balance between enhancing natural beauty and staying true to oneself.
“The fashion industry is hard because of the stereotype. I [have been] doing pageantry since was 18. I would do [skincare treatments] if it would boost my confidence, [but] you really have to know where you can still see yourself,” said Omay, the Miss Victoria Sports 2024.
“With the changing world, you are expected that you need to be more. Beauty is still mindset, but enhancements give you the power to be more,” Alday added, who is the Mrs. face of Tourism - VS Hotel 2024.
Beyond the now S ETTING its sights on the future, Victoria Skin’s plans are already in motion for expansion with additional branches across other Victoria Towers.
The flagship branch located at Brgy. South Triangle features top-notch amenities such as a café, spa, gym, swimming pool, gaming hub, movie house, and a sports bar.
By leveraging their success in the current location, in addition to their 1,800 occupied buildings in the area and a target of reaching 3,500 units, they are committed to maintaining the same standards of excellence and personalized care.
“If we are successful in this concept, we aim to expand into more Victoria Towers,” Isic said.
Rising DEnguE CasEs Call foR sTRongER PREvEnTion, innovaTivE soluTions
AS dengue cases continue to rise in the Philippines, public health experts emphasize the need for sustained preventive efforts and innovative solutions to combat the mosquito-borne disease. Dr. Nina Gloriani, Head of the Department of Science and Technology’s (DOST) Vaccine Expert Panel, highlighted the cyclical nature of dengue and the increasing morbidity rates.
“We’ve seen an increase in severe dengue cases,” Dr. Gloriani said. “Dengue is not usually fatal, but it can seriously affect certain segments of the population, especially children.”
While school-age children, particularly those up to nine years old and between nine to 16 years old, remain the most vulnerable. Hence, dengue’s broader impact on the healthcare system and the economy cannot be ignored. The Philippines is among the top five ASEAN countries affected by dengue, and the cyclical outbreaks demand a more
proactive response.
“Complacency is a problem we’re seeing not just in communities but perhaps among authorities as well,” Dr. Gloriani noted. “While we tend to view dengue as a seasonal disease, its broader impact must be addressed.”
Preventive measures
T HE country’s dengue prevention efforts are anchored on the 4S strategy—search and destroy mosquito-breeding sites, secure selfprotection, seek early consultation, support fogging, spraying in hotspot areas. However, Dr. Gloriani pointed out that this approach, while essential, has not been consistently implemented across the nation.
“Proactive efforts are underway in some provinces, with monitoring of breeding sites and information campaigns beginning as early as June. But these efforts are not always consistent nationwide,” she said. Dr. Gloriani
stressed the importance of basic prevention methods, like keeping surroundings clean and adhering to the 4 o’clock habit when mosquitoes are most active.
Potential game-changer
T HERE are at least two new dengue vaccines currently in development,” Dr. Gloriani explained. “The goal is to prevent severe cases and offer broader protection.” The introduction of second-generation dengue vaccines offers hope for more effective prevention against the first-generation.
f irst-generation vaccines can be given to people who already had previous dengue infection. This means that anyone who wants to get the vaccine must first undergo screening. Because of testing requirement, this set of vaccines pose challenges in access and convenience.
Meanwhile, the second-generation vaccines use the dengue virus 2 as its back-
500 children benefit from international youth organization’s 1M slippers goal
Revote said.
She believes this effort not only uplifts and supports the next generation but also demonstrates a strong commitment to service and cultural pride.
The initiative, which started in 2022, has seen the organization distribute slippers in Urdaneta, Pangasinan, and Las Piñas. The current beneficiaries are the pupils from kindergarten to grade six at Burgos Memorial School East in Vigan City.
bone, imitating as closely as possible the dengue infection and engaging the body’s natural defenses. f urthermore, they focus on targeting dengue’s four serotypes and include components that address the nonstructural protein 1 which is associated with severe dengue. They may be given to groups of the population with or without a history of dengue infection, allowing for wider use and providing expanded coverage against dengue.
The World Health Organization has recommended the use of second-generation vaccine among children aged six to 16 years olds in areas with high dengue burden and high transmission intensity. While other Southeast Asian countries like Indonesia, Thailand, Malaysia and Vietnam are already introducing these next-generation vaccines, the Philippines is taking a more cautious approach, ensuring sufficient public education on vaccination.
By John Eiron R. Francisco
VIGAN, Ilocos Sur—In a bid to provide comfort and hope to young students, 500 primary school children received a pair of slippers as part of an international youth organization’s initiative to distribute 1 million slippers to Filipino children.
Erin Ellorin Revote, Secretary of the Texas-based Knights of Rizal (KaPaRiz of the Lone Star State) youth organization, conveyed through her mother and mentor, Imelda Claudette Ellorin-Revote, that the organization, composed of Filipino-Americans, is dedicated to giving back to the community, especially to the youth. Their initiative is part of a broader campaign to distribute 1 million pairs of slippers to children in need across the region.
“To me a pair of slippers provides warmth, makes you relax and prevents you from being sick but most importantly it gives you comfort,”
“The slippers being distributed today may seem like a small gift, but the children who will receive them need so much more,” Ilocos Sur Governor Jeremias “Jerry” Singson said during the opening program of “Isang Pares Mula Sa Isang KaPaRiz (Kabataang Pangarap ni Rizal)” at the Provincial Farmers Livelihood Development Center on October 14, 2024. The provincial governor acknowledged the volunteers and the partnerships built that made this effort possible.
He emphasized that beyond the physical benefits of slippers, which is to provide comfort, enabling children to play with their friends, and allowing them to walk around, the initiative “gives them the mindset that they are cared for, that they are important and deserving of love and support.”
Additionally, the KlaSS has consistently organized various fundraising activities each year to sustain and support their initiatives, including their program to fulfill the goal of distributing one million slippers to Filipino children. They have also been actively involved in supporting medical missions, distributing medical supplies, and visiting orphanages across the Philippines.
Pharma company launches ‘Stop Rabies’ campaign in Mindoro
TO mark World Rabies Day, Boehringer Ingelheim (Philippines) Inc. launched the ‘Stop Rabies’ program in Puerto Galera, Mindoro. This initiative aims to drive efforts towards achieving a rabiesfree Philippines.
Now in its third year, the “Stop Rabies” program dedicates a week to advancing rabies education, conducting animal rabies mass vaccinations, and neutering programs for both cats and dogs.
Dr. Anna Esmeralda J. Nagera, Head of Companion Animal Business at Boehringer Ingelheim Animal Health Philippines Inc. highlights, “Through the ‘Stop Rabies’ program, we are making meaningful progress towards reducing rabies in Puerto Galera by vaccinating and neutering animals, and also empowering communities with the knowledge they need to protect themselves and their pets.” Rabies remains a critical public health issue, causing 59,000 deaths annually across 150 countries. This neglected tropical disease primarily affects marginalized, poor and rural populations with 40 percent of victims being children in Africa and Asia including the Philippines.
The spread of rabies has been escalating in the Philippines since 2023, with 169 recent human rabies cases leading to 160 deaths and a fatality rate of 94.67 percent. Of these cases, 156 were associated with dog bites, 10 with cat bites, and three from other animals.
Dr. Alfredo Manglicmot, Provincial Veterinary Office-Oriental Mindoro added, “Rabies poses a serious threat in our region and protecting the community remains our top priority. In collaboration with Boehringer Ingelheim, we are strengthening our efforts in vaccination, education, and castration to ensure the safety of both animals and people in Puerto Galera.”
The “Stop Rabies” program prioritizes animal vaccination as the most effective strategy in preventing rabies, enhancing both animal and human health. The initia -
tive aims to vaccinate approximately 5,000 animals in 13 barangays in Puerto Galera including Aninuan, San Isidro, and Balatero. The program also neuters dogs and cats in collaboration with Philippine Animal Hospital Association, Inc. (PAHA), MiMaRoPa Surgeons, and Marinduque f ield Hospital. Key partners also include Global Alliance for Rabies Control, f ield Epidemiology Training Program Alumni f oundation, Inc., Research Institute for Tropical Medicine, Philippine Veterinary Medical Association, Bureau of Animal Industry, MIMAROPA Regional Office, Puerto Galera LGU, and the Provincial Veterinary Office-Oriental Mindoro. The mass vaccination and sterilization efforts are supported by rabies education sessions on rabies prevention and responsible pet ownership to school children in Palangan, Poblacion, Tabinay, and Dulangan. Chari Amparo, Spokesperson, Global Alliance for Rabies Control, highlighted the importance of the collaboration: “Eliminating rabies is not just a goal; it’s a necessity for global health. By prioritizing education, improving vaccination efforts, and strengthening surveillance, we can empower communities to safeguard their health and work towards a world where rabies is no longer a threat to human or animal life.” Rabies is entirely preventable with proper vaccination, education, and surveillance programs, improving animal health together with human health. These rabies elimination efforts help control the spread of rabies, save lives, and ultimately contribute to a world where humans and dogs live together in greater harmony.
The “Stop Rabies” program represents a significant step towards a rabies-free future, integrating community engagement, educational outreach, and essential medical interventions. With 30 years of experience in rabies prevention and management, Boehringer Ingelheim is committed to achieving zero rabies casualties by 2030 through sustained and collaborative community efforts.
i lo C os sur governor Jeremias “Jerry” singson, along with imelda Claudette-Ellorin Revote, a mentor from the Texas-based Knights of Rizal (KaPaRiz of the lone star state), distributed slippers as part of the organization’s initiative to provide 1 million pairs to filipino children.
Health& Fitness
NOT ALL BREAST CANCERS ARE THE SAME: DOCTORS EMPHASIzE CRUCIAL STEPS TO SAVINg PATIENTS’ LIVES
In the Philippines, the incidence of breast cancer remains high. It is the most commonly diagnosed cancer among women. One in every 13 Filipinas is expected to develop breast cancer in her lifetime. This is why it’s all the more important for us to keep abreast on how to spot, prevent, or treat it as early as possible.
Dr. Josephine Tolentino and the Philippine Society of Medical Oncology (PSMO) is on a mission to help Filipinos better understand that breast cancers have different features, which would affect its management and treatment. Dr. Tolentino, who is President of PSMO, emphasizes the benefits of precision medicine and how it could potentially help produce better outcomes. Breast cancer is a condition where cells within the breast grow out of control, and form a tumor, which can sometimes be felt as a lump. A tumor can be classified as either benign (noncancerous) or malignant (cancerous). Any lump or change in the breast needs to be checked by a healthcare professional. Breast cancer can metastasize or spread to other parts of the body via the blood or lymph vessels. As with most types of cancer, breast cancer patients have a better chance of survival if the condition is detected
and diagnosed early. Variation in features A CCO r DI n G to Dr. Tolentino, each type of breast cancer can have a variation in biological and molecular features. This is why biomarker testing, a laboratory method that makes use of tissue, blood, or other body fluid samples to determine signs of conditions such as cancer in genes, proteins, or other molecules, plays a crucial role in the evolving treatment landscape of breast cancer. Two out of three cases of breast cancer are due to the status of a person’s hormone receptors. While in 15 to 20 percent of breast cancer cases, the her 2 protein (which tells cells to grow) is amplified. In those with the Triple n egative type, cancer cells do not produce enough her 2 protein and they also do not have estrogen or progesterone receptors. Understanding which type of breast cancer you have is important in order for your doctor to design the perfect treatment plan. Possible treatment recommendations could be: surgery, biological therapy, radiation, chemotherapy, or hormonal therapy. Precision medicine using targeted therapy, such as those inhibiting her 2 molecules may also lead to better outcomes.
According to Dr. Tolentino, cer -
tain risk factors, such as genes, age, race/ethnicity, breast density, alcohol consumption, or being overweight can increase the chances of a person developing breast cancer. Based on a report by the World h ealth Organization (W h O), around half of patients diagnosed with breast cancer had no specific risk factors aside from age and sex.
“The signs and symptoms show up differently for every person,” explained Dr. Tolentino. “Some of the most common are: lumps in the breast or underarm, nipple discharge, thickening or swelling, any changes in breast size or shape, skin irritation or redness around the nipple, or pain in any area of the breast or nipple.”
h owever, it is important to note that not all breast cancer cases will manifest with any signs or symptoms. So detecting and diagnosing breast cancer as early as possible is very important,” added Dr. Tolentino. Aside from regular breast self-examination, doctors advise to speak to your doctor about diagnostic procedures such as ultrasound, mammogram, M r I, or biopsy, as needed. r emoving barriers
Dr. Cyril Tolosa, Medical Affairs Director of AstraZeneca, underscored the importance of removing the barriers that keep patients from availing these procedures.
“Together with organizations like the PSMO, and other groups, we are working to improve the healthcare ecosystem that effectively cater to the patients,” said Dr. Tolosa. “We at AstraZeneca have a bold ambition to one day eliminate breast cancer as a cause of death. It may be a long way from here, but precision medicine and continued collaboration among stakeholders is a step in the right direction.” not all breast cancers are the same. But one thing remains true for all: early detection or precise, targeted treatment saves lives.
Through various initiatives like Agham Kapihan—a series of media roundtable discussions that seek to bring into light matters of science and health and advocate for innovation that benefits Filipinos —AstraZeneca stays true to its commitment of improving the lives of millions of patients together with its partners across the healthcare ecosystem.
WBhenever there is a discussion about self-care, the first thing that comes to mind is how to look after your skin. however, there’s another part of our body that requires equal attention, and that’s our hair. h air health is just as important as skin care. That’s the reason why your hair is known as your “crowning glory.”
Incorporating hair care into your routine is a simple yet powerful way to nurture yourself. When you are dealing with dryness, frizz or dullness, there are products out there designed to bring out the best in your hair. And if you have had more bad hair days than good ones, it’s time to go shopping for those products that will help your hair look healthy, vibrant and fabulous every day. The best place to shop for these items is at SM Beauty. SM Beauty at SM Store is the best source for hair essentials.
In fact, it has So Much Beauty that it offers the widest range of hair care products to suit your everyday needs.
If you have dry hair, you will probably need to add conditioner on a daily basis. e ven on your busiest days, Dove Ceramide Intense r epair 1 Minute Conditioner can deliver intense moisture to your hair in just one minute with daily use. Another nice to have item is the Tsubaki Premium Mask Sakura which nourishes and moisturizes damaged hair. To help thicken and strengthen your hair, get hold of n aturals by Watsons Coffee h air and Scalp Tonic. It’s made of clean and all-natural ingredients. Mise e n Scene Per -
fect Serum Style, on the other hand, is a must for everyday styling. This lightweight hair serum delivers moisture and shine to your tresses. If you are into coloring your own hair, try the L’Oreal e xcellence Ultra Lights h air Color in Ash Brown.
To help style your hair, get hold of the JML Aero volumnizer. Get volume into your hair with this handy hot brush that will make hairstyling a breeze. Want to have wavy hair to go with your outfit for the day? The easy-to-use Kiss n Y Instawave, an innovative hair curling tool, will give you perfect waves every single time. Taking care of your hair is more than just appearance. It’s about self-care and feeling confident in your own skin. By investing in the right products and paying attention to your hair’s needs, you will not only have fewer bad hair days but also enjoy healthier, stronger and more radiant looks.
r emember, your hair is your crowning glory so give it the care and attention it deserves. Whether it’s through hydrating treatments, protective styling or simple everyday care, these small changes can make a big difference. Love your hair and in return, it will love you back.
r emember, there is so much beauty to be discovered at SM Beauty, your premier beauty playground for all things beauty. Whatever your color, shape, or size, you’re welcome to shop, swatch and play at SM Beauty. e xperience a wide range of cosmetics, fragrance, hair and styling products,
By Candy P. Dalizon Contributor
reast cancer is the leading cancer among Filipino women, affecting approximately three out of every 100 females according to the Philippine statistics a uthority (P sa) and the Department of Health (DOH). Despite this, many women still avoid breast cancer screening due to concerns about pain, fear of a potential diagnosis, and financial limitations.
Breast cancer screening means checking a woman’s breasts for cancer before there are signs or symptoms of the disease. a lthough breast cancer screening cannot prevent breast cancer, it can help find breast cancer early, which means less treatment for the patient and ensures survival.
r egular self-exams are a valuable way to check for any unusual changes in your breasts, including lumps or bumps. However, it’s important to remember that self-examination alone is not always enough to detect early signs of cancer.
Start at 40 tH e Breast Center of Healthway Cancer Care Hospital (HCCH) recommends that all women should undergo a yearly mammogram and breast ultrasound starting at 40 years old whether they have symptoms or not. t hese screenings should continue as long as a woman is in good health. For women under 40 years of age, a breast ultrasound is recommended to evaluate any lump or symptoms. a diagnostic mammogram may be recommended if further evaluation is needed.
s ome women question the need for both mammograms and breast ultrasounds, opting for one or the other due to perceived discomfort. s ome prefer breast ultrasounds over mammograms, believing them to be less painful. Others may choose
only one screening option due to cost considerations.
a ccording to breast radiologists from HCCH, an important consideration that guides what imaging is required is having dense breasts. Dense breasts mean that there is a higher proportion of glandular and connective tissues relative to fatty tissue and is common among a sians. Because of the masking effect of dense breasts, masses may be obscured, thus, a mammogram and breast ultrasound are recommended as complementary exams. a mammogram is an x-ray of the breast that can identify breast cancer at an early stage, when treatment is most successful. By undergoing regular mammograms, women can reduce their risk of dying from breast cancer.
Specific concerns
Breast ultrasounds are often used to investigate specific concerns, such as palpable masses or further evaluate potentially suspicious findings in the mammogram.
a breast ultrasound differentiates between fluid-filled cysts and solid masses and can help clarify the nature of lumps detected through physical examination.
Both tests are complementary, hence the HCCH Breast Center recommends that breast ultrasound along with mammograms should be done for breast cancer screening and diagnosis.
HCCH breast radiologists likewise advise patients to schedule mammograms and ultrasounds seven to 10 days from the first day of their period to avoid potential discomfort, as breasts can be tender in the week leading up to and during menstruation. For more information about Healthway Cancer Care Hospital’s breast cancer screening, call (02) 7777 4673 or (02) 7777 HOP e or email at c ancercare@healthway.com.ph.
Health& Fitness
For kids to be successful, boost their immune system
By Jill Tan Radovan | Contributor
As parents, we want the best for our children. If there was a way to guarantee their success from early childhood, we would most likely take that necessary step. But there is no easy way and no shortcuts to our children’s 100 percent success rate.
As parents, we can provide them with all the guidance and enroll them in all the classes and programs we want, but doing so still won’t guarantee they’ll be the next Bill Gates or Melanie Perkins of their generation.
What we can do is prepare them for the challenges along the way. Sure, those classes can help, but we must remember that success starts with a healthy mind and body. Our bodies should be able to fight common viruses, and we need a strong immune system for that.
Building a strong immune system will enable our children to be physically and mentally fit. Some take it for granted, but it begins with having a healthy gut. Most people believe the gut is good only for food and nutrient absorption and digestion. Many are unaware that 70 percent of our immune cells are found in the colon and digestive tract. Therefore, we should not neglect our or our child’s gut health.
“If the child cannot mount an effective immune response, meaning to say the child cannot produce the antibodies, the child cannot protect himself especially in the area of the gut. Our gastrointestinal gut is actually an immune system organ. So if that is not well, and if it’s not balanced, and it’s not healthy, then the child can have a weak immune system,” said Dr. Jose Dimaano Jr., Area Medical Director at Abbot at the Similac e ssential Conversations event last October 22, 2024
Gut health
eXTRA precautions must be taken to improve our children’s gut health, especially if we know that they are highly at risk. Dr. Dimaano and pediatric gastroenterologist, Dr. Jennifer Olay identified two groups highly at risk of having weaker immune systems.
Children born via Cesarean section (CS) have lower immunity than those born via normal delivery. This is because children born via CS delivery
GSK’s meningococcal group B vaccine receives FDA approval in the Philippines
GSK Philippines recently announced that announced on Tuesday that the Philippine Food and Drug Administration (FDA) has approved its Meningococcal Group B Vaccine (recombinant, adsorbed), for the prevention of invasive meningococcal disease caused by Neisseria meningitidis serogroup B in individuals aged two months and older.
Invasive Meningococcal Disease (IMD) is a serious infection caused by the bacterium Neisseria meningitidis, which can lead to life-threatening conditions such as meningitis, an inflammation of the membranes surrounding the brain and spinal cord, and meningococcal sepsis, where the infection spreads into the bloodstream. Both conditions require urgent medical attention to prevent serious and irreversible consequences, including long-term complications or death.
Neisseria Meningitidis has 13 serogroups, of which A, B, C, W, X and Y are the most important medically, with serogroup B being one of the primary causes of invasive meningococcal disease globally and in the Philippines. Prior this FDA approval, there was no vaccine available for serogroup B.
“Invasive Meningococcal Disease (IMD) can lead to severe illness, long-term complications, or even death, often affecting patients in ways that can alter their lives forever. We are committed to placing patients at the heart of what we do, and the availability of this vaccine in the Philippines represents a significant step in protecting families and their loved ones from life-threatening outcomes of IMD,” said Dr. Gio Barangan, Country Medical Director of GSK Philippines.
GSK’s Meningococcal Group B Vaccine has been licensed in over 40 countries, including member states of the e uropean Union, Argentina, Australia, Canada, Chile, Israel, New Zealand, Turkey, Uruguay, and the United States.
are not exposed to the exact same microbes or good bacteria as those delivered through the vaginal canal. Infants delivered through normal methods are at an advantage.
Children who are given antibiotics frequently are also at risk of having weaker immune systems. When children are prescribed antibiotics even when unnecessary, the antibiotics are likely to kill the good bacteria that contribute to better gut health and stronger immunity.
This knowledge is not meant to discourage parents whose kids fall under the above-mentioned categories. On the contrary, parents can take an active role in reversing the immunity debt acquired during the pandemic, and in boosting children’s immune systems.
Frequent hospitalization
I F your kid has been hospitalized frequently, is often absent from school because of some kind of sickness or has been frequently prescribed antibiotics at such an early age, Drs. Olay and Dimaano recommend these steps for you and your children, which can help improve their immunity to diseases. Get vaccinated. Vaccines work by imitating an infection, engaging the body’s natural defenses. When you get your children vaccinated, you are teaching their bodies to defend themselves from diseases without the dangers of a full-blown infection. See that vaccine schedule in your child’s baby book? Make sure your kids get everything and on schedule, so they get all the protection they need.
Sleep well. Getting enough high-quality sleep helps enable a balanced immune defense, with a strong innate and adaptive immunity, less severe allergic reactions, and efficient response to vaccines.
If you’re a parent, help promote healthy sleeping habits by sleeping early and getting quality sleep. Resist the urge to use gadgets when it’s time
EVER experienced “senior moments”? You’re not alone. Many Filipinos aged 50 and above report brief lapses in memory or mental clarity, such as forgetting an acquaintance’s names, misplacing an item, or forgetting to take maintenance medicine. These “makakalimutin ” moments are often seen as a normal part of aging, but they can impact quality of life. Fortunately, recent research shows that cognitive decline can be delayed.
A new study called the Cocoa s upplement and Multivitamins Outcomes s tudy (CO s MO s ) Cognitive Ancillary s tudies (Mind, Web, Clinic) reveals that daily intake of multivitamins like Centrum s ilver Advance can help boost mental sharpness and clarity. The CO s MO s Meta-analysis collates the results of the three independent cognition trials that spanned three years. The studies, supported in part by grants through the United states National Institutes of Health, investigated the effects of multivitamins on over 5,000 participants ages 60 years and above when taken daily for at least two years.
The participants were given either Centrum s ilver or placebos throughout the trials. Their memory and cognitive functions were then measured annually via telephonebased, web-based, and in-person tests to see if taking multivitamins will have a positive effect on their brain health.
The result of the CO s MO s meta-analysis shows that daily use of Centrum s ilver Advance for at least two to three years significantly benefited cognitive function and improved episode memory as compared to placebo. Global cognition refers to overall mental abilities such as attention, reading, and retaining information, while episodic memory is the ability to recall past events such as birthdays or vacations. Furthermore, the part of the results showed that daily intake of Centrum s ilver Advance for three years may slow cognitive aging by 60 percent.
Aging,
A
to sleep. Sleep deprivation nowadays often stems from increased screen time. Gadgets are especially addictive to young children. If we want to limit our children’s screen time so they can sleep better, we have to make an effort to lead by example and limit our gadget use as well.
Practicing an active lifestyle with your kids and exercise. Go jogging around the village, follow a mommy-and-me exercise video, or play group sports with the whole family.
Practice good hygiene. Wash your hands before putting anything in your mouth to ensure you wash off any harmful microbes before eating.
Learn to manage stress. Stress is an automatic physical, mental, and emotional response to challenging circumstances. It can increase our vulnerability to illnesses, especially colds and viruses.
Stress manifests in different ways. Sometimes it shows when we are highly and easily irritable and cannot focus on our regular activities. When stressed, our body releases a hormone called cortisol into the blood. This can trigger abdominal cramps and headaches in children.
We can help children manage stress by being an open ear to them and encouraging them to engage in activities they enjoy.
e at the colors of the rainbow together. Dr. Olay emphasizes the importance of sharing a meal as a family because it is the only time you can show your kids that you are eating a balanced diet filled with vitamins, minerals, and fiber-rich food. Make an effort to prepare healthy meals with lots of fruits and vegetables that you can share to help boost your child’s immune system.
Read the label. Before taking vitamins, food supplements, and other health products, pay attention to the fine print. Check for any ingredient that your child might be allergic to. Make sure that the supplement or formula is science-based, FDA-approved, and that the nutritional content is beneficial to your child.
If you’re looking for a follow-on milk formula that can help boost your child’s immunity, look one that has prebiotic and probiotic content, and nucleotides.
Building stronger immunity for your children establishes a strong foundation of good health, which will allow your them to have as much time for uninterrupted learning and opportunities to grow with their endeavors and chosen fields. If you, as a parent, can set this precedent for your kids, then you are halfway to setting them up for success.
This underscores the importance of supporting cognitive health early, ideally starting between ages 40 and 50, to prevent cognitive decline as we age, Haleon Philippines General Manager Jeffrey Go said: “For Filipinos, maintaining cognitive health into their golden years is essential. With Centrum s ilver Advance, we’re committed to supporting adult Filipinos by providing essential nutrients proven to benefit cognitive health, especially in a country facing unique aging challenges.”
Haleon is a world-leading consumer health company with brands built on science, innovation, and human understanding and are trusted by millions of consumers in the Philippines and globally.
Centrum s ilver Advance is formulated with levels that help meet the nutritional needs of adults ages 50 years old and up. It supports brain health with Zinc and B-vitamins. It helps maintain muscle function and strong bones with Vitamins d, B6, and Calcium. Centrum s ilver Advance also supplies the body with Vitamin A, Vitamin B1, and Vitamin C to support the normal function of the heart and the immune system.
“Haleon Philippines is dedicated to promoting cognitive health through scientifically backed multivitamins like Centrum s ilver Advance. We are actively partnering with healthcare professionals to support healthy aging and raising awareness about the role of multivitamins in cognitive health, following the CO s MO s findings,” Go stated. For more information, visit Centrum Philippines’ Facebook page.
QC opens new dialysis center, offers 80 free treatments daily to underprivileged patients
Story & photo by John Eiron R. Francisco
The newly opened dialysis center in Brgy. Bahay Toro, Quezon City, is expected to accommodate 80 “underprivileged patients” daily for free, utilizing 20 advanced dialysis machines imported from Japan “to combat the growing kidney disease crisis in the Philippines.”
According to Quezon City 1st District Rep. Juan Carlos “Arjo” Atayde, who spearheaded the launch of the Aksyon Agad Dialysis Center alongside Quezon City Mayor Joy Belmonte, kidney disease is a major public health issue in the country, leaving many Filipinos struggling to balance their health with their livelihoods.
Atayde said that many individuals know someone, a relative, friend, or neighbor, who has faced or is currently battling the challenges of kidney disease. For some, this has been a longstanding struggle, while for others, it has emerged suddenly, resulting in life-altering consequences.
According to data from the National Kidney and Transplant Institute (NKTI), approximately 2.3 million Filipinos are affected by Chronic Kidney Disease (CKD), with an estimated one person developing chronic kidney failure every hour, translating to about 120 cases per million population annually. Unfortunately, underdiagnosis continues to be a significant issue and if left untreated, people with this disease require hemodialysis or a renal transplant.
h owever, the cost of dialysis therapy is exorbitantly high, which is especially problematic in a developing nation such as the Philippines.
“ Isang bagay lang ang tiyak, ang sakit sa bato ay hindi lamang pisikal na pahirap kundi isa ring pasaning pinan -
ABy Bless Aubrey Ogerio
s beauty and wellness trends continue to shift, Bioessence stands at the forefront, celebrating a remarkable 30 years in the industry while looking boldly to the future.
The local beauty and wellness clinic’s anniversary celebration on s eptember 26, 2024 at The Blue Leaf Cosmopolitan was not just a look back at its legacy but a bold step into the future with the launch of its latest innovation, Harmony. Harmony is more than just a new machine; it’s a game-changer designed to elevate Bioessence’s already formidable lineup of non-invasive treatments, including Exilis and Plasma.
While the former has earned its reputation for seamlessly integrating various laser technologies for hair removal and skin rejuvenation, Harmony expands Bioessence’s arsenal, promising to enhance service offerings and client experiences.
Attendees were also given exclusive access to live demonstrations, showcasing how Harmony works alongside established treatments to deliver superior results.
syal ,” the lawmaker said. [One thing is for sure. Kidney disease is not only a difficult disease but is also a financial burden.]
Atayde explained that many individuals face a heartbreaking dilemma. While they want to recover from their illness, they cannot afford the treatment that could save their lives. h e noted that countless Filipinos confront this tragic situation every day. Based on the research study titled e xploring the Financial Literacy of Long-Term Dialysis Patients in the Philippines,” patients experiencing financial difficulties may have to deplete their savings, sell their assets, or incur debt to meet their basic needs and medical expenses. Without sufficient personal resources to cope with deteriorating financial conditions, individuals may be compelled to stop their medical treatment. Furthermore, Atayde addressed his constituents in the first district and said that it is his mission “to provide swift action, Aksyon Agad , on the issues that affect our everyday lives. Aksyon agad sa mga isyung nakakaapekto sa ating pang-araw-araw na buhay.” “Access to proper healthcare should not be a privilege for a few but a right for all. Hindi dapat para sa iilan, kundi para sa lahat. This dialysis center is a product of that promise,” he said. h e added that free dialysis treatment is a significant benefit for those in need, as it offers opportunities for individuals to live longer and healthier lives without the burden of high hospital bills.
The city government plans to establish at least three additional Aksyon Agad dialysis centers in the first district through public-private partnerships dedicated to the development of these facilities.
The evening also marked the debut of Jennica Garcia as Bioessence’s new brand ambassador. With a deep-rooted connection to the brand, thanks to her mother Jean Garcia’s longstanding association, Jennica expressed her excitement about representing a company that aligns with her personal values.
As part of its anniversary festivities, with the theme “Caring Beyond Beauty,” Bioessence offered a glimpse into its future with plans for an updated website and a new skin assessment app designed to deliver personalized treatment recommendations based on individual skin concerns. Bringing together beauty aficionados and industry insiders, the Pearl Anniversary event was alive with energy and excitement. The lineup featured performances from renowned artists, including Bossa Nova sensation s itti, the crooner Richard Poon, Aliw Award winner MOBB, and promising
FOTON SHOWCASES NEW EV AND NEW PICKUP MODEL
KEEPING abreast with the industry’s relentless rollout of pure electric and hybrid models, commercial vehicle specialist Foton Motor Philippines rolled out its own all-new fully electric vehicle at the Philippine International Motor Show 2024.
But bucking the trend in launching fully electric crossovers and SUVs, Foton is blazing a new trail by launching the first locally available pure electric version of a vehicle that’s even closer to the heart of the Filipino—the passenger van.
It is all part of the brand’s exhibit for this year’s PIMS, which has a theme of “Dare. Drive. The Future Redefined.” Foton is an official mobility partner for this year’s PIMS.
“We are excited to once again showcase at this year’s Philippine International Motor Show the worldclass design, quality, and technology that Foton has to offer, particularly our new fully electric and hybrid models that span a wide range of automotive segments,” said Foton Motor Philippines General Manager Levy Santos.
The New Foton Traveller Sierra EV
FOTON’S new electric passenger van is called the Traveller Sierra EV, and it’s poised to electrify the van segment by being the first-ever fully electric passenger van in the Philippines. The launch is consistent with the brand’s model electrification, after launching the country’s first-ever fully electric light-duty truck in the Foton Tornado EV and the first fully electric pickup in the Foton Thunder EV within the last 12 months.
The Traveller Sierra EV has a driving range of 303 kilometers, thanks to its generous 77.28 kWh battery capacity. It has a strong power output of 181 hp and 330 Nm, giving it responsive acceleration and a top speed of 120 km/h. It also has DC fast-charging capability of 1 hour and 7 hours on regular AC outlet. It boasts a 5-year/200,000-km warranty for its electric system.
The Traveller EV comes with a slew of luxury car-like features and amenities inside like electronic parking brake, multi-function steering wheel, electronic power steering, and a large dash-mounted touchscreen infotainment system.
The New Foton Wonder Pickup
BUT that’s not all. Foton will also be unveiling its all-new gasoline-powered pickup, the Foton Wonder, which is expected to be a top choice of both micro and small business owners and entrepreneurs, and even multinational logistics companies.
The Foton Wonder is designed for commercial and lifestyle use. It is ideal for mobile businesses such as food, cafes, retail, and services. Its stylish, modern aesthetic appeal is complemented by the reliable and dependable performance that Foton is known for.
IT IS ALL ABOUT GREEN MOBILITY AT THE 9TH PIMS
Story & photos by Randy S. Peregrino
THIS year’s Philippine International Motor Show (PIMS) edition was undoubtedly the most anticipated. For one, the recently concluded biannual motor show showcased 17 participating automotive brands— the highest number in PIMS history. Hosted by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), the theme “Dare, Drive, The Future Redefined” could not have been more relevant for the country’s thriving automotive industry.
This year, participating auto brands also showcased their respective all-electric and electrified models, which represent green mobility. The motor show even surpassed its previous show’s number of sustainable vehicles on display, production, and concept models.
The Kia EV9 KIA launched the program by unveiling its latest all-electric flagship model SUV – the EV9. The digital tiger face is further accentuated along with the Star Map Small Cube Projection LED headlights, an Intelligent Front Lighting system, Auto-flush Door Handles, and Digital Side Mirrors. Futuristic 21-inch alloy wheels are wrapped in 285/45 series tires. Inside, the Kia EV9 offers a luxurious experience with two 12.3-inch displays. A Digital Center Mirror lets the driver select between optical and digital modes. Motivation comes from dual electric motors generating 378 hp and 700 N-m of torque, enabling a sprint from 0 to 100 km/h in just 5 seconds. This all-electric powertrain also allows the EV9 to have a 2,268 kg towing capacity. With its large-capacity 99.8 kWh lithium-ion battery pack and its Smart Regeneration System with I-PEDAL STOP, the EV9 has an exceptional combined city and highway range of up to 505 kilometers. The Kia EV9 GT-Line will be priced at P5.888 million. For peace of mind, the Kia EV9 GT-Line includes a 5-year or 160,000-km vehicle warranty and an 8-year or 160,000km electric motor and battery warranty.
Honda’s
Sporty
DNA: Redefined HONDA Cars Philippines, Inc. (HCPI) and Honda Philippines, Inc. (HPI) presented their program with the Sporty DNA: Redefined theme. It also served as the official launch of the New Civic RS e:HEV variant. The New Civic was previewed at the Transform the Future – One Honda Electrification event, committing to an electrified future for Honda. Design-wise, some exterior elements are different from the current local
model. It shares the same hybrid system as the current CR-V e:HEV model.
It also boasts the latest generation of Honda CONNECT, now with more features that allow users to interact with the vehicle via a smartphone app. Google Automotive Services is also new to the Honda Civic, allowing for more personalization and letting its owners add valuable and relevant applications to their everyday lives. Honda SENSING has also been given a significant update for enhanced detection for all road users.
HCPI also introduced the country’s most exclusive Civic Type R MUGEN Group A. Premiering globally at the Tokyo Auto Salon last January, only five (5) units will be available locally. Also revealed was HPI’s first-ever battery electric motorcycle, the All-New EM1 e, which represents Honda’s commitment to bringing in greener and carbon-neutral mobility solutions. The New Civic RS e:HEV retails at P1.990 million, while the Type R MUGEN Type A is at P3.87 million.
The All-new MG HS PHEV ASIDE from the show-stopping Cyberster Electric Roadster One, MG exclusively previewed the All-new MG HS PHEV. It is now larger, more refined, and equipped with cuttingedge features. This model underscores MG’s commitment to sustainability and innovation, being the only vehicle in its current lineup to be offered with a PHEV powertrain. With an impressive combined range of up to 1,065 kilometers achieved through the seamless integration of its electric motor and internal combustion engine and a 100-kilometer capability to run in full electric mode, the All-new MG HS PHEV is more than capable of both city driving and extended road trips.
Suzuki’s “Glimpse of the “Electric Future” AMONG the event’s showstoppers was the Suzuki eVX Concept, inspired by the overarching concept of an
‘Emotional Versatile Cruiser. ‘The eVX’s upright posture, horizontal hood, commanding high seating, maximized cabin size, long wheelbase, large wheels, high ground clearance, and signature LED light elements are unmistakable design elements derived from Suzuki’s SUV heritage. Dimension-wise, the concept EV is 4,300mm long, 1,800mm wide, and 1,600mm tall. With a Dedicated EV platform offering safe battery technology, the Concept eVX offers an
impressive range of up to 550km (measured in modified Indian driving cycle (MIDC). It is scheduled to be introduced to the market by 2025.
Mitsubishi presents the DST Concept MITSUBISHI Motors Corporation premiered the DST Concept, a seven-seater SUV concept car. The DST Concept is the brand’s all-new monocoque SUV with three-row seating, and it will be a future addition to the current ASEAN region lineup.
Its design concept is “Gravitas & Dynamism”. Gravitas conjures overwhelming presence and solidity. The imprint of Mitsubishi’s iconic design is evident. On the front side, the Dynamic Shield design concept features a three-dimensional grille with a honeycomb-shaped inner grille under a transparent outer cover. It is integrated with left and right bumpers that protect it. Inside, the instrument panel is wrapped in soft, upscale material, connecting with the door trim in a dynamic shape.
There is also a panoramic sunroof. The DST Concept also features five drive modes: wet mode for reliable driving on roads flooded by sudden showers, Tarmac mode for nimble driving on paved winding roads, and Normal, Gravel, and Mud modes.
Toyota’s “Beyond Zero” movement TOYOTA Motor Philippines
Continued on F4
THE Kia EV 9 flagship SUV
THE new Honda Civic RS e:HEV
BYD Seal debuts at the 2024 Philippine Electric Vehicle Summit
Story and photos by Randy S. Peregrino
ACMOBILITY, the official distributor of BYD electric vehicles in the Philippines, has ushered in an addition to its growing lineup of electric vehicles, representing a new era of performance and innovation. Debuted recently at the 12th Philippine Electric Vehicle Summit, the BYD Seal is a highperformance, all-electric sedan ready to take on the premium sports sedan segment. Present during the launch was Jaime Alfonso Zobel de Ayala, CEO of ACMobility. “The launch of the BYD Seal marks an energetic step in our journey towards electrified mobility. This performance-driven electric sedan sets new standards for driving pleasure and exemplifies our commitment to introducing electric vehicles that excite the market. Ably supported by our growing electric vehicle charging infrastructure, the BYD Seal is set to elevate the EV driving experience in the Philippines to new heights,” he said.
Distinctive “X-design concept”
DESIGN-WISE, BYD adopted the distinctive “X-design concept,” which resulted in the car’s receiving the prestigious iF Design Award in 2023. It is important to note that former Audi Group head designer Wolfgang Egger is currently BYD’s
global design director. The headlights feature unique double U-shaped light clusters that are staggered to provide a stereo effect. There are also the signature bumpermounted LED daytime running lights. At the rear, the taillight shape is arranged in a dot matrix and runs through the whole area. The BYD Seal rolls on 19-inch dual-tone alloy wheels wrapped with 235/45 R19 tires. Inside, the pronounced rotating 15.6-inch multimedia touchscreen display and a full-size digital driver’s display are impossible to ignore. The infotainment system features an intelligent voice assistant with wireless Apple CarPlay and Android Auto. Its Dynaudio 12-speaker configuration provides a theaterlike audio experience. With the BYD App, drivers can remotely control functions like climate control. An onboard 4G connection supports over-the-air updates, which can include new features.
The cabin’s dark motif is a sophisticated black colorway and raceinspired suede accents. BYD claims that the integrated sports seats are engineered with ergonomic principles to maximize comfort. The front seats are not only electrically adjustable but also ventilated and wrapped in leather with diamond-pattern cushions. Of course, there is the massive panoramic
sunroof. Another interesting element is the miniature crystal-designed shifter clustered with other driving controls and dual 15W wireless chargers.
Dimensionally, the vehicle is 4,800 mm long, 1,875mm wide, and 1,460 mm tall with a 2,920-mm wheelbase. The front truck has a 50-liter capacity for storage, while the rear has 400 liters.
Well-balanced frame with dual-motor power MOTIVATION comes from a dualmotor system providing all-wheel drive traction. On paper, it generates a combined output of 522 hp and 670 N-m of torque. With those numbers, it enables a sprint from 0 to 100 km/h in just 3.8 seconds. On the other hand, the 82.6 kWh Blade Battery pack provides an impressive range of up to 580 km on a single charge.
The BYD Seal is also the fastestcharging model in the lineup, as it introduces 150 kWh DC charging capability, ensuring rapid battery charging from 30% to 80% in just 30 minutes. With its broad temperature range heat pump that manages the battery pack’s operating parameters and its 12-volt Lithium Iron Phosphate starter battery, the BYD Seal is set to deliver long, exhilarating drives. More so, high-speed charging is not a problem. Charging in just 26 minutes is possible thanks to the 150-kWh DC charger (from SOC 30 percent to 80 percent).
The vehicle’s Cell-to-Body (CTB) technology and the all-new e-Platform 3.0 electric vehicle platform are new and first in the country. The technology allows the brand’s proprietary Blade battery to be integrated into the base frame, ensuring better structural integrity. With a balanced 50/50 weight distribution and a low center of gravity, the all-wheel drive vehicle offers better control during highperformance driving conditions.
Another first is the Intelligent Torque Adaption Control or iTAC.
This innovative system revolutionizes traction control through fast processing and reaction times, intelligent allocation of drive torque and torque shift, and the application of negative torque output. iTAC avoids the engine lag associated with traditional traction control while enhancing driving performance, overall handling, and safety.
Moreover, the latest BYD flagship performance sedan is equipped with Frequency Selective Damping shock absorbers that enhance ride quality and stability by adjusting damping characteristics based on road conditions and driving requirements. The dampers enhance the vehicle’s composure on smooth surfaces and performance applications while providing riding comfort on uneven roads.
Suspension-wise, BYD utilized a double-wishbone front and a fivelink rear suspension configuration. The large 344-mm perforated and ventilated rotor discs up front and 317-mm ventilated rotor discs at the back deliver reliable stopping power.
Safety as a top priority ASIDE from eight airbags, the BYD
Seal is equipped with the DiPilot Advanced Driver Assistance System, which includes Stop & Go Full-Speed Adaptive Cruise Control, Predictive Collision Warning, Automatic Emergency Braking, Lane Departure Warning and Lane Keeping Assist, and Blind Spot Detection. There is also a high-definition 360-degree view camera, and a radar system with six sensors provide Front and Rear Cross Traffic Alert and Braking functions for extra awareness on the road. This comprehensive suite of safety features has earned the BYD Seal prestigious 5-star Euro NCAP and 5-star ANCAP ratings, showcasing its commitment to safety.
“The launch of the BYD Seal marks a significant milestone in our mission to revolutionize mobility in the Philippines. With its impressive blend of performance, safety, and advanced technology, we are excited to offer drivers an exceptional electric vehicle experience. Together, we’re not just embracing the future of transportation; we’re paving the way for a more sustainable and innovative tomorrow,” said Aiffy Liu, Country Head of BYD Philippines.
“The
(FROM LEFT) Aiffy Liu, Country Head, BYD Philippines; James Ng, General Manager, BYD Philippines, Singapore, and Brunei; Bob Palanca, Managing Director, BYD Cars Philippines; Carla Buencamino, Head of Mobility Infrastructure, ACMobility; Jaime Alfonso Zobel De Ayala, Chief Executive Officer, ACMobility. BYD Philippines
IT IS ALL ABOUT GREEN MOBILITY AT THE 9TH PIMS
(TMP) finished the program by exhibiting groundbreaking innovations demonstrating the brand’s global Beyond Zero push. Aligned with this forward-thinking message, TMP showcased a range of groundbreaking solutions that underscore Toyota’s commitment to Carbon Neutrality. Falling under its Beyond Zero movement, TMP’s Electrification, Diversification, and Intelligence innovations are designed to ensure that future generations can enjoy and inherit a beautiful planet.
Among the displayed cars are the Kayoibako concept and the bZ4X all-electric crossover. Of course, the fresh Tamaraw version was also presented in various forms. Moreover, Toyota Mobility Solutions Philippines featured their latest products and services, such as Toyota RentaCar and Fleet360, showcasing the
latest advancements in mobility solutions tailored to meet diverse customer needs.
Finally, a V6-powered Raptor IT may not represent green mobility, but the anticipation and clamor for a V6-powered Raptor pickup have been overwhelming. The latest version of the Ranger Raptor
now sports a 3.0-liter V6 twin-turbo EcoBoost engine generating 391 hp and 583Nm of torque mated to a performance-tuned 10-speed automatic transmission, with an anti-lag system available in Baja mode.
For the first time, the Ranger Raptor 3.0L V6 gets an advanced permanent fourwheel drive system with an electronically controlled ondemand two-speed transfer case, combined with front and rear locking differentials. Available at a starting retail price of P2.739 million with a 5-year warranty, the Ranger Raptor 3.0L V6 will be sold in a limited quantity of 300 units at launch.
THE Suzuki eXV Concept
THE Mitsubishi DST Concept
THE Toyota Kayoibako Concept EV and the bZ4X all-electric crossover
Pinoys still dream of that elusive home; govt races to meet AmBisyon2040 goals
By Cai U. Ordinario
THE clock is ticking on the AmBisyon2040 dream of Filipinos to have their own home. In the next 15 years, millions of Filipinos may or may not be able to have a medium-sized house for their families.
Based on the AmBisyon2040 data, majority or 64 percent preferred to own a medium-sized house by 2040 while 31 percent preferred a small house and only 6 percent wanted to own a big house. Regardless of the size of the house, the Department of Human Settlements and Urban Development (DHSUD) and its Key Shelter Agencies (KSAs) are keen on finding ways to fight for these dreams and turn them into reality.
Problems & solutions
PER the initial study of the Philippine Statistical Research and Training Institute (PSRTI), the country’s housing backlog could reach around 6.5 million by 2028.
From a housing backlog of 6 million estimated in 2016, this was brought down to 2.2 million by 2022. But the population growth could increase this further to the 6.5-million estimate by 2028. The previous administration attributed this to the low budget allocation received by the housing sector from the General Appropriations Act (GAA). The DHSUD said this low budget allocation has continued to this day. Based on the data shared by the DHSUD in its Budget Hearing at the Senate of the Philippines, the housing sector has received an average of 0.3 percent of the GAA in the past nine years.
Continued on G2
A CONCRETE house rises in a former rice paddy in Puerto Galera, as urban expansion and population growth encroach on agricultural land. CHERYLRAMALHO VIA DREAMSTIME.COM
Continued from G1
The highest was in 2016 when the appropriation was at P32.7 billion or 1.53 percent of the P2.14-trillion budget in that year. This was followed by the 2017 allocation of P14.8 billion or 0.59 percent of the P2.499trillion GAA in that year.
However, starting 2018 onward, the actual budget received by the housing sector has remained below P10 billion annually. The highest allocation was in 2022 when the housing sector received P8.10 billion or 0.16 percent of the P5.024-trillion GAA. The lowest was the P3 billion or 0.08 percent allocation from the P3.66 trillion in 2019.
Given this, DHSUD Secretary Jose Rizalino Acuzar said the government has only been able to address less than 20 percent, or an
average of just 13 percent, of the housing need, since 2016.
The total housing production and finance of the country between 2016 and 2022 reached 877,247 units or an annual average of 125,321 units per year. This already included the units produced and financed by the public and private sector.
Acuzar explained that units produced by the National Housing Authority (NHA) and the Social Housing Finance Corporation (SHFC) were funded by the national government, while the bigger portion of housing production and finance was shouldered by the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund.
The breakdown is as follows: NHA, 279,098 units in the sixyear period or an annual average of 39,871 units per year; SHFC, 29,915 units or an annual average
of 4,274 units; and HDMF, 568,234 units or an average of 81,176 units per year.
According to Acuzar, apart from the difficulties faced in closing the gap, the data also showed that the government cannot build all the homes given its financial constraints. Private sector financing, such as those financed through the Pag-IBIG Fund, is crucial.
4 PH Program THIS has given birth to the Pambansang Pabahay para sa Pilipino (4PH) Program. Through the program, private financing is combined with government guarantees to ensure that homes are built at an affordable price.
“With the sovereign guarantee, GFIs and private banks could be more reassured in releasing developmental loans for the 4PH housing projects of the NHA and
FACING BusinessMirror
Pinoys still dream of that elusive home; govt
Pag-IBIG offers Calamity Loans and One-Month Housing Payment Relief to members affected by Typhoon Kristine
IN response to the effects caused by Typhoon Kristine, Pag-IBIG Fund has announced the availability of its Calamity Loan program and Housing Loan payment moratorium to assist affected members.
Members residing or working in areas declared under a state of calamity – including areas in Region IV-A, Ilocos Region, Cagayan Valley Region, Region V, Region VIII, and NCR – may apply for Calamity Loans and one-month Housing Loan payment Moratorium to alleviate their financial difficulties and allocate their funds toward more immediate recovery needs.
“Pag-IBIG Fund is here to provide support to our Filipino workers who are facing financial difficulties caused by Typhoon Kristine through the availability of the Calamity Loan and the grant of one-month housing loan payment moratorium. We want to provide relief to our members in the hardest-hit areas as they recover from the impact of the typhoon. In line with President Ferdinand Marcos, Jr.’s call, we are dedicated to extending all necessary support to help them recover and rebuild,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.
The Pag-IBIG Calamity Loan is one of the agency’s Short-Term Loan programs designed to provide relief and support to members residing or working in areas declared under the State of Calamity. Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The loan is offered at a low annual interest rate of only 5.95%, with payment terms of 24 or 36 months, and the first payment deferred for three months.
For members who need financial assistance in areas not declared under a State of Calamity, the PagIBIG Multi-Purpose Loan is available to help them recover from the aftermath of the typhoon. Meanwhile, under the onemonth Housing Loan payment moratorium, payments on members’ Housing Loans or installments will be suspended for the approved period at no additional cost. Eligible members may apply for the availment of the moratorium program until 31 December 2024, either through the Virtual Pag-IBIG or at the nearest Pag-IBIG branch.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized the readiness of Pag-IBIG Fund in providing aid to members affected by the calamity.
“We want to assure our members that we will remain proactive in helping them recover. Our immediate priority is to give them assistance in all the ways we can. Our Lingkod Pag-IBIG on Wheels (LPOW) are scheduled to deploy in various areas in Quezon City, Valenzuela, Malabon, Laguna, Batangas, and Bicol.”
“Through our LPOW, Pag-IBIG members may submit their Calamity Loan applications to aid in their immediate recovery, file for insurance claims if their homes mortgaged under Pag-IBIG Fund are damaged, and file for a Housing Loan for major home repairs. Our members can always count on us for timely and reliable assistance, especially in times of need,” Acosta added.
Members may also apply for a Calamity Loan or Multi-Purpose Loan online through the Virtual Pag-IBIG.
FACING REALITIES
govt races to meet AmBisyon2040 goals
SHFC. With the elimination of the role of developers in the ‘Pambansang Pabahay,’ the NHA and SHFC will, in turn, take over their roles. The key shelter agencies will utilize their in-house planning for smaller projects while outsourcing planners for bigger projects,” DHSUD said in a statement in August 2024.
Projects
AS of their last report to the Philippine Senate, the DHSUD said there were 53 ongoing projects across the country. These included 39 projects being run by the DHSUD and PagIBIG; 12 projects undertaken by the SHFC; and two projects being implemented by the NHA.
In Luzon, DHSUD projects are in Laoag City in Ilocos Norte; Palayan City and General Tinio in Nueva Ecija; Bocaue, Sta. Maria, and Pandi in Bulacan; San Mateo, Rizal; Silang, Cavite; Santa Cruz, Marinduque; Milaor, Camarines Sur; and Legazpi City, Albay.
In Visayas, DHSUD and PagIBIG projects are located in Bacolod City in Negros Occidental and in Tagbilaran City in Bohol.
In Mindanao, DHSUD and Pag-IBIG projects are in Tagoloan in Misamis Oriental; Koronadal in South Cotabato; and Zamboanga City in Zamboanga del Sur.
Meanwhile, SHFC projects are located in San Fernando City in Pampanga; Antipolo City in Rizal; Tondo, San Miguel and Parola in Manila; Naic in Cavite; Puerto
Princesa City in Palawan; Tagoloan, Misamis Oriental; Davao City in Davao del Sur; Viente Reales in Valenzuela City; and two projects in Novaliches in Quezon City.
NHA projects, meanwhile, are located in Bagumbong and Deparo, both in Caloocan City.
As of July 30 this year, 4PHrelated activities were composed of 535 ongoing, pre-production, and proposed projects. These comprise a total of 1.212 million housing units, including 162,381 units whose construction is ongoing; 754,966 units in pre-production; and 295,112 units in the proposal stage.
In terms of cost, the DHSUD said the total amount is P1.65 trillion. This is composed of the P767 billion for DHSUD projects; P759 billion for SHFC projects; and P124 billion for NHA projects.
“The HDMF released P871.5 million for the Wholesale Home Lending Direct Development Loan program for the 4PH for the first semester of fiscal year 2024,” DHSUD said in a presentation.
On to the future
THE DHSUD said one of its major accomplishments is the release of Executive Order 34 that declared 4PH as the government’s flagship program and called for the inventory of government idle lands appropriate for housing.
Based on a report as of July 2024, the total idle land owned by
the government reached 14,770.46 hectares. The largest share of 13,228.27 hectares belonged to cities and municipalities, while the smallest share of 41.37 hectares belong to national government agencies (NGAs).
These idle lands hold promise that Filipinos can still access affordable housing projects in the coming years. But the DHSUD is not stopping with just housing but other initiatives such as urban development.
The government aims to prioritize the development of transit-oriented cities, resilient urban designs, green and open spaces, planned unit and new town developments, and the creation of a comprehensive zoning and development control handbook.
There is no telling how the government’s 4PH will progress or how their urban development plans will blossom in the coming years, especially in light of the recent disasters that left so many Filipinos homeless.
There is hope that, through these projects, the dream of homeownership for Filipinos will one day become a reality. The government remains committed to exploring every possible avenue to secure homes for Filipino families.
After all, owning a home is just one step toward a larger aspiration: securing long-term well-being for themselves and their families.
The hidden costs of building a home: What every family should know
By Park Thaichon
Professor of Marketing, University of Southern Queensland & Sara Quach
land package.
Our research found consumers are likely to feel more surprised by higher levels of discounts in the case of high-involvement products such as a buying a house.
The marketers make it seem like you’re getting a great deal, with options to customise the house just the way you like. What they don’t always tell you is the advertised prices usually apply to the most basic version of the home.
Any upgrades, such as granite countertops or hardwood floors, cost more. Often, the base price does not include essential features such as curtains, ceiling fans or air conditioning.
These upgrades quickly add up to more than that $30,000 credit for upgrading or that $45,000 cashback offer. Buyers can end up paying much more than they planned.
Keep in mind most homebuilding companies act as middlemen who buy and outsource products. They are likely to add charges for most upgrades or fixtures you order through them.
A $200 price tag for a kitchen light bought directly from a retailer such as Beacon Lighting can cost you $300 from the builder. Costs like this add up for a whole house.
What can you do? Note down the code or name of the item and buy it directly. See if the builders can install fittings for a lower cost if you supply them.
Social media and influencers INFLUENCERS can make the process look easy and fun. Our research on influencer marketing and human influencers and virtual influencers shows trusting followers are more likely to follow influencers’ suggestions.
An influencer might, for example, share a video of their “perfect day” in their new home, focusing on the perks without mentioning the hidden costs.
Special deals and time-limited offers like cashbacks are used to make buyers feel they have to act fast, without taking the time to think about the financial commitment. This strategy exploits the fear of missing out, or FOMO.
The goal is to get customers to quickly sign up with a $1,000–$5,000 deposit. That increases customer commitment and stops them backing out.
Carefully check the conditions of the deposit, as you can most likely back out with a full refund if you are not happy with the final price before the final contract is signed, or during a cooling-off period after signing.
WHAT ARE THE 5 HIDDEN COSTS?
1. Changing interest rates over 30 years
Many home buyers think about interest rates when they get a mortgage, but they often do not consider how rates can change over the years. Even a small increase can mean paying thousands more over the life of the loan.
When buying a home, people hope for lower interest rates, though they cannot predict future economic conditions. The theory of optimism bias could explain why many of us have expectations about a future that’s more favourable to us.
What should temper this optimism is the fact that even seemingly small interest rate changes make a big difference over time. For example, a $700,000 loan over
30 years at 3.5% interest has a monthly repayment of $3,143.31. At 4.5% interest, the repayment becomes $3,546.80. That’s an extra $4,841.88 a year.
Understanding this can help families budget for possible changes and avoid financial stress later on.
2. Delay costs
Delays can happen due to weather, problems getting materials, or other unexpected issues. Timber shortages have affected home building since 2020. The costs of delay can include having to rent a place to live while waiting for the home to be finished. Renting for three months, for instance, at the national average of $600 a week will cost more than $7,000.
3. Unexpected costs
Apart from predictable costs, such as the down payment and tax or transfer (stamp) duty, other smaller, unexpected costs can add up. These include bank fees, solicitor fees, building and pest inspections, moving costs, utility connections and home and contents insurance.
These are all essential to ensure the home is safe and secure. But the cost can easily top $5,000.
4. Standardized costs
Many new housing developments have rules about what owners can and cannot do with their property.
These rules might specify paint colours, fence types or landscaping choices, such as planting a set number of large trees.
A development might require home owners to use certain types of trees or materials for driveways, costing an extra $2,000.
More often than not, the land developer will require a refundable deposit of about $1,000–$5,000 when you buy the land for your home. It’s only refunded once the developer has confirmed you have met all the conditions. If you don’t, you won’t get your money back. Before buying an apartment, first find out how much you have to pay in strata fees and other fixed or ongoing costs.
5. Exit costs In rare cases, selling the property might attract exit fees. For example, if an owner sells their house within five years, they might face a $5,000
Knowing about these hidden costs of building a home helps avoid unexpected expenses and makes the process less stressful. For policymakers and advocates, these costs highlight the need for fair marketing practices and rules that protect buyers from financial surprises.
Ensuring more transparency in this market can help make
SUSTAINABILITY
Investing in the future: How companies are minding their own greening business
By VG Cabuag
THE COST OF PRIORITIES
DOST sets out initiatives as PHL’s R&D funding remains low
By Bless Aubrey Ogerio
IN a world where innovation is the heartbeat of progress, countries that invest in research and development (R&D) not only keep pace but also set the tempo in global advancement.
In the Philippines, the Department of Science and Technology (DOST) manages a network of research institutions aimed at enhancing R&D across various sectors, from food and nutrition to advanced technology.
Yet, R&D spending in the country remains constrained. In 2021, former DOST Undersecretary for Research and Development Rowena Cristina Guevara said that expenditure has accounted for only 0.14 percent to 0.18 percent of gross domestic product (GDP) over the past 30 years, which is below UNESCO’s recommended benchmark of 2 percent. For DOST Undersecretary Leah Buendia, the country is not alone in this predicament, stating, “Maraming below because [of] competing priorities, especially sa third-world countries,” she told the BusinessMirror
In 2023 the Organisation for Economic Co-operation and Development (OECD) published data on R&D spending as a percentage of gross domestic product across Southeast Asia and select OECD countries.
The Philippines recorded an R&D expenditure of 0.2 percent of GDP, ranking among the lowest in the region. In comparison, Myanmar had 0.0 percent, Cambodia 0.1 percent, and Indonesia also at 0.2 percent, with the Asean average at 0.6 percent.
Thailand and Malaysia both reported 1.0 percent, while Australia and Singapore reached 1.9 percent. In contrast, the OECD average was 2.6 percent, with higher figures for the US (2.8 percent), Germany (3.1 percent), Japan (3.3 percent), and Korea (4.5 percent).
The importance of R&D cannot be overstated, as having a ro -
bust and focused program is vital for a country’s long-term growth, societal advancement, and knowledge needed to develop new products and services.
Policies and laws such as the Republic Act 11293, known as the Philippine Innovation Act, have been introduced to strengthen investment in the program, but the challenge of funding remains.
Funding disparities
SINCE the early 2000s, the DOST has continuously experienced an increase in its budget.
Simula Arroyo administration, tumaas na siya. So, ngayon, what we’re doing is analyzing through data analytics, saan ang aming mga budget focus,” Buendia said.
In 2002 the DOST’s budget was P2.8 billion during the first year of former President Gloria Macapagal-Arroyo’s term. By 2010, in her final year in office, the budget had increased to P5.2 billion.
This marked a leap compared to the budget of former President Joseph Estrada, which stood at P2.7 billion in 2000 and was maintained in 2001. The allocations were fluctuating in previous years, with P3.2 billion in 1998 and P2.6 billion in 1999.
Looking ahead, the overall budget for the science agency in 2024 is P26.9 billion, with a further increase anticipated to P28.4 billion in 2025, pending Congressional approval.
Similarly, the National Research Council of the Philippines is set to receive P224.7 million in 2024, with a proposed budget of P245.5 million for 2025, up from nearly P185 million in 2023. The Council’s funding has steadily increased from P45.7 million in 2016 to P185 million in 2023.
The national budget, however, reflects a tug-of-war for resources, where competing priorities significantly impact R&D funding.
“[Ang DOST], nag -increase, so nagpapasalamat kami. But that is how our budget works. Kung may increase, merong magde -decrease kasi hindi naman unlimited ang ating budget. So, we’re working on a specific budget na paghahatian ng maraming priorities,” the science undersecretary said.
“I think the barrier will be on the projects na pinapresenta mo. So, yun lang yung kailangan may makita na ginagawa at nade-deliver mo yung promises na kailangan ma-deliver during the administration,” she added.
The proposed national budget for 2025 is P6.352 trillion,
with education receiving the largest allocation of P977.6 billion, which includes funding for the Department of Education, state universities and colleges, the Commission on Higher Education, and the Technical Education and Skills Development Authority.
The Department of Public Works and Highways followed with P900 billion, while health expenditures, covering the Department of Health and PhilHealth, amount to P297.6 billion.
The DOST is not among the top 10 departments with the largest budget proposal.
Innovation with limited impact?
DESPITE notable strides in innovation, the Philippines struggles to translate this into tangible improvements in quality of life, according to Ria Liza Canlas of the National Innovation Council during the third National ATBI Conference and Incubatee Summit on September 10.
In terms of the Global Innovation Index, the Philippines improved its ranking to 53rd this year from 56th in 2023, but gross expenditure on research and development remained low at 0.3 percent of GDP— behind Vietnam’s 0.4 percent and Thailand’s 1.3 percent.
Filipino scientists have made several innovations throughout the years, but questions linger about their practical applications for the everyday lives of people.
“Actually, kaya tinawag na ‘research’ kasi pagsasanay; paano mo makikita, paano mo ma-innovate. Hindi kami kasi directly sa grassroots, but the application, meron kaming programa ngayon na pinupush,” Buendia said.
The Propel program, which is aimed at fostering collaboration between technology producers, capitalists and inventors to boost commercialization, will be launched on December 4, according to DOST Secretary Renato Solidum.
“We hope that with these various pathways where scientists, engineers, innovators, inventors are provided with an opportunity to have discussions with the industry or investors or capitalists, commercialization will happen,” Solidum said in an exclusive interview with the BusinessMirror
The 2018 national R&D survey revealed a significant increase in human resources, with personnel engaged in R&D rising from 25,021 in 2015 to 75,037 in 2018, reflecting a tripling of the workforce. Additionally, the country re-
ported 708 R&D personnel per million population in 2018, a 285-percent increase since 2015. Still, it still lags behind its Asean neighbors, with a 0.32-percent GERD-to-GDP ratio and 356 researchers per million population, compared to Singapore’s 1.89 percent and Malaysia’s 1.44 percent.
Strategic directions UNDER President Ferdinand Marcos Jr., the science agency has centered its initiatives on four key pillars: human well-being, wealth creation, wealth protection, and sustainability.
This framework encompasses 11 priority programs aimed at job creation, food security, climate resilience, and sustainable urban development.
Solidum explained the importance of enhancing science, technology, engineering and mathematics (STEM) education to “foster creative thinkers,” as Filipino students continue to lag in these subjects, according to the Programme for International Student Assessment.
“We need to show that scientists and engineers have ready jobs after they graduate,” the DOST chief said.
The DOST has also partnered with other sectors, including a 2022 agreement with the Philippine Chamber of Commerce and Industry and recently with the Technology Business Alliance to provide researchers with market insights during the ideation phase and make sure that their innovations meet real-world needs.
“If we are able to commercialize, then we’ll get more funding because that’s the economic development of a country—it depends on science and engineering,” he added.
Highlighting the necessity of aligning R&D efforts with societal demands, Solidum reiterated, “Hindi pwedeng hingi ka lang nang hingi ng pera tapos wala kang ibabalik sa bayan. That’s why I told our DOST agencies and the scientific community that we need to focus on these four pillars.”
By envisioning a more purposeful ecosystem that attracts talent to STEM fields, he expressed hope for the improvement of R&D outcomes.
“Hopefully, these streams of engagements and pathways will further improve and attract more people to go to STEM. If we have more researchers and scientists, then our R&D will get better,” he said.
R&D EXPENDITURE (% OF GDP)
Renato Solidum, DOST Secretary: “If we are able to commercialize, then we’ll get more funding because that’s the economic development of a country—it depends on science and engineering.”
FACING REALITIES
INVESTING IN THE FUTURE
guidelines independently verified by Det Norske Veritas.
The Philippines lies in the Circum-Pacific Belt, or the Ring of Fire, and in the world’s most cyclone-prone region. It has high exposure to natural hazards such as typhoons, landslides, floods, droughts, earthquakes, volcanic eruptions, strong dependence on a climate-sensitive agricultural sector and huge coastlines where all major cities and most of the population reside.
Eugene Acevedo, president and CEO of Yuchengco-led Rizal Commercial Banking Corp. said natural disasters are inevitable for a country like the Philippines and it is important to be prepared in order to manage and mitigate their impact.
“It is critical for the private and public sectors to collaborate in order to facilitate effective mobilization of resources, better exchange of knowledge and expertise, as well as expedite large-scale projects that benefit all parties,” he said.
Alfredo Mahar Lagmay, executive director of the University of the Philippines Nationwide Operational Assessment of Hazards (NOAH) Center, said the current hazard scenarios in the Philippines were expected to get worse and more frequent.
Lagmay said the private sector can help in climate change
mitigation by providing financial resources to programs related to climate change adaptation and disaster risk resilience.
“The private sector can use its corporate social responsibility funds to help communities by promoting and getting involved in crafting risk-informed and science-based development plans,” Lagmay said.
“Participation of big businesses in forums goes beyond business continuity plans and social responsibility efforts. This is about preparing our people to prepare our communities and businesses for success in the face of a changing environment,” he said.
SEC Markets and Securities Regulation head Oliver Leonardo said in a recent forum the Securities and Exchange Commission was an “enabler” on the broad, overarching principle of sustainability, sustainable finance and sustainable reporting.
“We’ve got robust regulatory frameworks we have issued over the years to further the cost of sustainability, which are aligned with international standards set by the likes of the ASEAN Capital Market Forum and the International Capital Market Association,” he said.
“We hope that through these initiatives it will drive further growth and investors especially And investors, especially the big foreign funds, can see the Philippines as an alternative investment
destination,” he said.
To address the various climate related challenges and financial risks and opportunities facing the Philippines, the financial sector regulatory authorities, which include the SEC and the central bank, has set up an extensive engagement on greening the financial sector in the country.
The overall objective of the program was to advance the financial sector’s understanding and management of climate-related risks, while also growing sustainable finance opportunities.
The agency in March issued SEC Memorandum Circular No. 5, Series of 2024, providing for the guidelines on the Philippine sus-
tainable finance taxonomy.
The Philippine Sustainable Finance Taxonomy Guidelines (SFTG) provide a framework for the determination of the environmental and social sustainability of economic activities and guidance for stakeholders in making wellinformed investment and financing choices.
A sustainable finance taxonomy is a tool to classify whether an economic activity is environmentally or socially sustainable.
The SFTG offers a simplified approach for the assessment of micro, small and medium enterprises’ activity for financing, to ensure that they were not excluded from participating in sustainable finance.
“With the Philippine Sustainable Finance Taxonomy Guidelines in place, we hope to channel and amplify more capital toward economic projects that further sustainability goals such as lowering greenhouse gas emissions and bolstering climate resilience, while fostering transparency by reducing the likelihood of greenwashing,” SEC chairman Emilio B. Aquino said.
With appropriate supporting policies and incentives, financial flows can be increased and redirected towards environmentally and socially sustainable objectives. A taxonomy can also reduce the risk of greenwashing or making false claims on the environmental benefits of a product or practice.
The SEC also partnered with climate data and analytics software company, Komunidad Global Services and Operations Philippines Inc., to facilitate the submission of sustainability reports by publicly listed companies.
The SEC has signed a memorandum of agreement with Komunidad for the development of the web-based SEC Sustainability Reporting (SuRe) Framework Application.
The customized web application will streamline the data collection, verification, management and analysis of sustainability data, improving the monitoring capabilities of the SEC on sustainability reporting compliance of listed firms.
Under the agreement, Komunidad will provide the SEC with
rights and licenses to use the SEC’s SuRe framework application. A data sharing agreement will also be executed to determine the scope and flow of data, as well as guarantee security protocols.
The SEC said it is working on revisions to the SuRe Form, which will provide the general metrics for disclosure that are applicable to PLCs as it will pioneer industry or sector-specific materiality. The said form is not yet being used by the agency but will replace the current one in the coming years.
The SEC itself is also greening its operations by finding solutions to minimize its carbon footprint.
“We convene Green Banc meetings monthly with sustainabilityrelated agenda,” said Aquino, who also chairs the committee and directors of all SEC departments and extension offices as members.
“Among others, the committee spearheaded the issuance of the SEC Sustainability Policy, the preparation of our own Sustainability Report, the conduct of knowledge-sharing sessions, and the celebration of the SEC Sustainability Week. It also pushed for Green Public Procurement, and policies mandating the entire commission to reduce, if not eliminate, the use of paper in its operations,” he added.
Along with the previous memoranda, the SEC and other market regulators will be busier than usual as a new alternative financing emerge.
FINDING LIGHT As environmental challenges continue to gain impact, financial institutions are getting more keen on supporting green and social projects. MAKATI SKYLINE PHOTO BY NONIE REYES
FACING REALITIES
SOLAR ROOFTOPS
An investment ripe for the taking poses risks and challenges, but also opportunities for business EXPERTS WERE ASKED THE COMPELLING QUESTION: IS
BECOMING A PROBLEM LIKE E-WASTE?
By Jonathan L. Mayuga
THE solar rooftop market in the Philippines is ripe for the taking. With the cost of solar panels and installations going down with supply outgrowing the demand, the country may be looking at possibly a sustainable solution to our perennial energy problem while meeting ambitious growth targets and making good our Nationally Determined Contribution (NDC), a commitment under the
Agreement
in
Solar rooftops: An investment ripe for the taking poses risks
communities, or storm surges that can decimate coastal cities and municipalities, is the Philippines’ ideal for a risky investment such as solar rooftop installation?
Solar rooftop campaign
ON July 17, environmental and climate advocacy groups joined various stakeholders to launch an ambitious campaign promoting the large-scale adoption of distributed renewable energy nationwide. This initiative aims to address rising electricity costs and accelerate the shift from fuel-based energy sources, like coal, to clean, renewable energy alternatives.
Dubbed the 10 Million Solar Rooftop Challenge, the campaign launched at the Novotel Quezon City during the Summit for Clean and Affordable Renewable Energy invited businesses, government bodies, organizations, schools, establishments, churches, offices, individuals, households, and agencies to contribute to or push for putting up 10 million solar rooftops in the country through multisectoral advocacy and cooperation.
Organizers of the campaign believe that with an estimated capacity of 1kW per solar rooftop, the challenge could result in at least 10 GW of clean energy all directly accessible to households and communities—amounting to over onethird of all capacity installed in the country today. The challenge was launched just as the country’s biggest distribution utility, the Manila Electric Company, announced
a rate hike of over P2/kWh for July from pass-through fossil fuel and spot market costs, resulting in an increase of P430 for a household consuming 200 kWh.
Among those supporting the campaign are Caritas Philippines, the Center for Energy, Ecology, and Development (CEED), Power for People Coalition (P4P), Reboot Philippines, Institute for Climate and Sustainable Cities (ICSC), Ateneo de Davao University – CREATE, Agropolis USTP, Center for Renewable Energy and Sustainable Technology (CREST), Quezon for Environment, Mindanao Renewable Energy R&D Center (MREC), WWF-Philippines, Konsyumer, Bukluran ng Manggagawang Pilipino (BMP), ICLEI Southeast Asia, Youth for Climate Hope, SAVE PH, FCCAI, CMSP-JPICC and many others.
Sunrise industry SOLAR energy is fast becoming a sunrise industry in the Philippines, and the installation of solar farms— or smaller plants such as solar rooftops—is ideal because of the Philippines’s proximity to the equator.
The Department of Energy (DOE) has listed 49 companies that install solar panels, but more DOE “unregistered” or “unaccredited” companies offer solar panel installation.
Some of the big solar farms in the Philippines include the Solar Philippines Concepcion Solar PV Park, a 150-MW solar PV power project in Central Luzon, a project commissioned in 2019; the 132.5-
THE PHILIPPINES’ SOLAR ROOFTOP MARKET IS SET FOR GROWTH AS DECLINING INSTALLATION COSTS PROVIDE A SUSTAINABLE ENERGY SOLUTION. THE GOVERNMENT’S 10 MILLION SOLAR ROOFTOP CHALLENGE AIMS TO GENERATE 10 GW OF CLEAN ENERGY AMID RISING ELECTRICITY COSTS. HOWEVER, CONCERNS ABOUT HAZARDOUS WASTE FROM SOLAR PANELS AND BATTERIES HIGHLIGHT THE NEED FOR RECYCLING INFRASTRUCTURE TO PREVENT ENVIRONMENTAL ISSUES. SUSTAINABLE WASTE MANAGEMENT WILL BE CRUCIAL FOR THE SOLAR ENERGY SECTOR’S LONG-TERM VIABILITY.
MW Cadiz Solar PV Park Solar PV power generator located in Western Visayas, developed by Helios Solar Energy and commissioned in 2016; and the Alaminos Solar PV Park, in Calabarzon, a 120-MW solar PV project, commissioned in 2021. These farms occupy vast tracts of land and compete with areas that could have been productive agricultural areas.
On the other hand, solar panel installation on rooftops is also gaining popularity, growing in number, with enterprising contractors and “do-it-yourself” individuals or DIYers successfully installing their solar rooftops and teaching others through social media platforms.
Having a plant of your own on your rooftop, say, a 4.8-MW installed capacity with a 3.6-MW inverter, can produce 250 to 300 kWh of electricity in one month. A system-installed solar plant with net metering in place means savings; you can export half of it and, combined with your electricity use, it can save the household up to P5,000 from the monthly electricity bill.
Climate risks
FORTUNATELY, scientists predict that hailstorms are unlikely to occur in the Philippines, according to the latest Intergovernmental Panel on Climate Change report. However, the risk of typhoons, severe flooding, and storm surges—especially for coastal areas—remains significant.
Gerry Arances, Executive Director at CEED, a Manila-based think tank, warned that environmental catastrophes such as drought, sea level rise, and storms are already being experienced in the Philippines, making climate change actions, adaptation and mitigation, and strengthening re -
siliency, more imperative.
CEED is actively campaigning against fossil fuels like coal while promoting the shift to more sustainable and climate-friendly energy solutions like harnessing the power of the sun, wind, and ocean currents. It said the challenge is to confront climate catastrophes that are bound to happen. While promoting solar rooftops as the most viable solution to the country’s power generation woes, Arances cautioned against using the shift to renewable energy for activities that would only exacerbate the risks of global temperature rise beyond 1.5 degrees, such as mining.
Compared to fossil fuels, renewable energy sources—solar energy for that matter—are environmentally friendly and have a more manageable impact on climate, he noted.
“When you alter natural processes—it will be devastating for nature—even in the excessive production of solar panels, batteries, and inverters,” he said.
Thus, Arances warned against opening up more mines to produce excessively for the so-called “energy transition” metals, insisting there’s no need to open up more mines, but rather, investing in developing the downstream processing industry.
At the same time, he said the government should also be forward-looking in addressing future problems brought about by the solar rooftop industry.
Regulatory framework
REPUBLIC Act 9153, or the Renewable Energy Act of 2008, aims to accelerate the exploration and development of renewable energy resources to achieve energy self-reliance through adopting sustainable energy development strategies.
Compared to a solar farm competing for space such as agricultural land, a solar rooftop is the most viable option in the Philippines—tapping the power of the sun without having to occupy huge space. Even individual families can invest in solar rooftops. The net-metering rules and interconnection standards that enable on-grid end-users to install a solar rooftop are expected to further boost the market with the regulatory framework in place. However, like the increased demand for electronic appliances and gadgets, the growth of the solar energy rooftop market poses the same horrifying challenge— how to deal with all the hazardous waste that go with it—including the solar panels themselves, the batteries for the power storage, and inverters. Once they become damaged, recycling would be ideal. However, the main components of this renewable energy solution become a problem once they become unserviceable.
Solar panel PHOTOVOLTAIC (PV) technology as a form of solar energy harvesting technology is currently the most commercially viable, technologically reliable, and sustainable electricity generator.
In addition, solar PV technology is considered affordable, safe and efficient, and environmentfriendly.
PV panels or solar panels are usually made from silicon, which acts as a semiconductor installed in a metal frame with glass casing. Silicon is typically made of silica sand, one of the most abundant minerals on earth. Crystalized silica is harmful when inhaled by humans.
GREEN SOLIDARITY The crew of the Greenpeace ship Rainbow Warrior supported Inanuran island residents installing solar panels on the island in November last year. PHOTO COURTESY OF GREENPEACE
FACING REALITIES
risks and challenges, but also opportunities for business
Meanwhile, the frames of solar panels are usually made of aluminum. The frames are essential as they provide structural support to solar panels, maintain their shape and integrity, and prevent bending, warping, or sagging due to the weight of the solar panels, or factors like strong wind and heavy rainfall. The wire used to connect to the electrical system or battery is the usual copper wire. Both aluminum and copper wire are recyclable and can be sold in neighborhood junkshops, unlike the solar panels, which makes disposal problematic.
Hazardous waste
SOLAR panels, batteries and inverters are hazardous waste. In both recycling and proper disposal, the capacity of concerned government agencies remains wanting. Republic Act 6969 mandates the proper handling, transport, storage, and disposal of hazardous waste. This also requires, to a certain extent, building the capacity of local government units (LGUs) which are at the forefront of solid waste management, including segregation, reducing, reusing, recycling, composting biodegradables, and disposal of residual waste, where most remain a failure, prompting Congress to enact an amendatory law to Republic Act 9003, or the Ecological Solid Waste Management Act of 2000—the Extended Producer Responsibility (EPR) Act, or Republic Act 11898, to pass the burden of collecting plastic waste to manufacturers.
Solar panel woes
IN the Philippines, however, solar photovoltaic or solar panels that catch the sun’s energy are still relatively expensive, and so are the other main components to make the system work—mainly the inverter and batteries for storage.
While it is a global sunrise industry with manufacturing still concentrated in China and a few countries, Rei Panaligan, Center for Renewable Energy and Sustainable Technology (CREST) board president, said the technology is already ripe in the Philippines, even though solar panels are still mostly imported. Because it is imported, there’s still no recycling facility for solar panels in the Philippines.
“As far as I know, we have one manufacturing company [producing solar panels] owned by Lean Leviste, owner of Solar Philippines and son of Sen. Loren Legarda. However other components such as batteries and inverters are still imported,” he said.
“Since we do not have robust manufacturing here, we do not have a dedicated recycling facility yet for solar panels and components, aside from lead-acid batteries since the same technology is used in vehicles,” explained Panaligan.
One comforting observation: the volume of e-waste and hazardous waste on solar is not yet as significant as that of other consumer electronic waste. Still, it is critical that as early as now, the DENR, DOE, and other agencies should also start to develop a program to prevent this from becoming a
problem in the future.
No cause for alarm yet THE BusinessMirror asked experts the compelling question: Is there a cause for alarm for solar panels eventually becoming a problem like e-waste? As the viral images on the Texas hailstorm seem to be warning?
Dr. Candy Mercado, of the UP Department of Mining, Metallurgical and Materials Engineering, said it will not become a problem like e-waste—or not yet at least.
“The current silicon-based solar panels are guaranteed for up to 20-25 years of useful life, so it does not require replacing or upgrading now and then. So the answer here is: no, it will not become a problem like e-waste,” she said.
Recyclable but…
SHE added that solar panels are recyclable, as most are silicon-based solar cells composed mainly of silicon. However, there are still no recycling facilities for solar panels in the Philippines, hence, this offers manufacturers and importers an investment opportunity.
“If I were the manufacturer or industrial producer of PVs, I would have a buy-back program at the end of the lifetime to recycle the silicon back into wafers for reuse as new cells,” she said.
She said silicon wafers can be used for integrated circuits but might need more purification and single-crystal processing, for it to be reusable.
said. Both phones in the series are equipped with realme’s flagship GT Mode, designed to optimize gaming performance. When activated, GT Mode directs the device’s resources toward delivering smooth, high-quality gameplay, with stable high frame rates at 90fps or higher on the realme 13+ 5G and 60fps or higher on the realme 13 5G, depending on the game. This feature enhances overall gaming performance, ensuring a seamless and immersive experience. For professional Esports players OhmyV33nus and Wise, the realme 13 Series 5G ensures smooth gameplay during training or even friendly matches outside of tournaments.
“Ngayon na lang ulit ako gumamit ng Android phone for gaming and could say na sobrang advance na talaga ng realme phones now, especially the realme 13+ 5G. Sobrang smooth niya for MOBA games, as in. I’ve tried the maximum settings for those MOBAs and talagang kayang kaya niya (This is the first time in a while that I’ve used an Android phone for gaming, and I can say that realme phones have really advanced,
FACING REALITIES
Solar rooftops: An investment ripe for the taking poses risks and challenges, but also opportunities for
Continued from I3
With the current state of the shift to renewable energy and the popularity of solar energy in the Philippines, the government should be acting decisively this early to forestall the environmental problems it can eventually cause.
Power supply solution
ACCORDING to Mercado, a switch to silicon PV in areas applicable becomes imperative with the current power supply situation.
“There are many regions in our country where si-PV will help in stabilizing the electricity supply,” she added.
Once the PVs get broken they cannot be repaired. However, she said they can be sent back to the manufacturer for remelting and reuse. PVs should not be damaged easily by typhoons, as there are certifications and tests on the mechanical stability of cells, according to her.
“The installed PV should be certified to withstand the weather in the location that it will be installed,” Mercado said. Fortunately, she noted that PV systems, including the frames and brackets used to secure solar panels, should be constructed robustly to withstand strong winds and prevent panels from being dislodged. Regular maintenance of PV panels is also essential to ensure efficient energy production
and to meet their standard life cycle of 20 to 25 years.
Mercado said the performance of the PV is decreased when it receives less light; hence, if the region is dusty with no occasional rain to wash off the dust, annual wiping of the PV surface needs to be done.
To address the problem of disposing of damaged solar panels, she said manufacturers should offer a waste recovery mechanism such as trading the bad ones with new ones, at a discounted price like the system for cars.
She said this early the government should find a way to address the problem before it becomes too big to handle.
“I think there needs to be a policy where the PV vendors will take back broken PVs in exchange for discounts for new ones. Because PV life is too long, a recycling business based on this might not be lucrative,” she opined.
Arances and Panaligan agreed, suggesting that a mechanism or a policy similar to Extended Producer Responsibility (EPR) which is now a law in the Philippines— mandating manufacturers to recover their companies’ plastic waste—be put in place. They noted that this would address the anticipated challenges arising from the growing demand for solar panels, batteries, and inverters as renewable energy technology and systems become more widely adopted.
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BIG STEP Workers install solar panels at the rooftop of Manila Water’s East La Mesa Treatment Plant. JONATHAN MAYUGA
FACING REALITIES
SHIPPING
MARITIME INDUSTRY Keeping up with the waves of change
By Lorenz Christoffer Marasigan
WITH a strong historical foothold as a key player in the international maritime industry, particularly through its vast workforce of seafarers, the Philippine maritime sector now finds itself in a race against time to modernize and remain competitive.
At the heart of this transformation is the Maritime Industry Development Plan (MIDP) 2028, crafted by the Maritime Industry Authority (Marina) and approved by President Ferdinand Marcos Jr.
The blueprint aims to revitalize the sector through modernization, sustainability, and global competitiveness. It is an ambitious plan designed to ensure that the Philippine maritime sector is globally competitive and future-proof.
It encompasses seven core programs, including upgrading the
domestic shipping industry, enhancing maritime human capital, expanding shipbuilding and ship repair capabilities, and promoting maritime tourism.
In a nutshell, the goal of the MIDP is to create a strong, reliable, and globally competitive maritime industry that can support national development and respond to global challenges.
However, while the plan lays out a clear roadmap for the future, the realities on the ground paint a more complex picture.
“There are many new developments in the maritime sector brought about by efforts to address pollution from shipping and technological advances. These are two areas that are really seeing a lot of changes. Keeping ourselves informed of new developments, studying their impacts and introducing them effectively into our policy framework. There will be changes in the coming years that
we are already anticipating in our strategic plans as well,” Samuel L. Batalla, Executive Director of Marina’s Standards of Training, Certification and Watchkeeping for Seafarers (STCW) Office, said.
Keeping up with tech advancements
ONE of the key realities the Philippine maritime industry faces is the rapid advancement of technol-
ogy. Global shipping is increasingly turning to automation and digitalization, with emerging technologies like Maritime Autonomous Surface Ships (MASS) reshaping the industry.
“Characterized by constant development, the Philippine maritime industry shall be confronted with innovation and/or modernization which developing states, such as the Philippines, may find challenging due to modifications it may introduce in legal structure, and operational aspect of shipping,” Precila C. Jara, Officer-inCharge at Marina’s Overseas Shipping Service, said.
Furthermore, Batalla acknowledged that keeping up with these technological changes is a critical challenge for the Philippines.
“The Maritime Industry Authority recognizes that the Philippine maritime industry must adapt with technological advancements in automation and digitalization by ensuring that Filipino seafarers are proficient in using modern technologies. By equipping seafarers with these skills, the Marina aims to maintain their competitiveness in the evolving global maritime landscape and ensure the
industry’s continued growth and relevance,” he said.
Marina’s response to this challenge is the Blockchain-Enabled Automated Certification System (BEST), launched in July 2024, which streamlines certification processes for Filipino seafarers. This system is part of Marina’s broader strategy to digitalize the sector, improving transparency and efficiency while ensuring that Filipino seafarers remain competitive in the global market.
The MIDP 2028 recognizes the importance of digitalization and technological innovation. One of its core programs focuses on the Sustainable Maritime Innovation, Digitalization, and Knowledge Center, which aims to drive technological advancements in maritime operations.
Upskilling, reskilling HOWEVER , despite these plans and programs, the reality is that upskilling and reskilling Filipino seafarers to adapt to new technologies remains a challenge.
The Philippines is known as the world’s top supplier of maritime labor, with Filipino seafarers
GLOBAL DOMINATION Filipino seafarers continuing to play a vital role in the international shipping industry. As the industry evolves, however, so too must the workforce. NONIE REYES
FACING REALITIES
MARITIME INDUSTRY: Keeping up with the waves of change
continuing to play a vital role in the global shipping industry. However, as the industry evolves, so too must the workforce.
“Education and training are basic to preparing the Filipino in joining the maritime workforce. The Marina believes that strengthening teaching methods for maritime students, whom we consider future seafarers, will have a significant impact on their skills and safety. Part of enhancing their competence and skills involves a modernized curriculum that will enable them to easily adapt to technological advancements,” Batalla explained.
He added that this also includes providing practical training to maritime students, completing their theoretical knowledge, which will help them develop the skills needed to handle complex situations onboard.
One of the core programs of the MIDP focuses on enhancing maritime human capital. This includes modernizing the curriculum for maritime education and training (MET) institutions and aligning it with international standards.
According to Batalla, the Marina is working closely with stakeholders to ensure that training programs for seafarers are updated to reflect new technologies and global industry demands.
Still, as of this writing, Batalla said, “the Philippines remains the No. 1 maritime labor supplying country, and Filipino seafarers remain the seafarers of choice for the global merchant fleet.”
This is because these challenges are not unique to the Philippines.
“The Marina would like to underscore those challenges faced, not only by Filipino seafarers, but of all maritime professionals, in the international maritime industry, are caused by factors like cost-cutting on the part of employers, the availability of competing seafaring nationalities, and new market demands due to emerging technologies adopted in shipping. These are unavoidable industry influences and changing market forces over which neither the Philippines nor the IMO have any control,” Batalla explained.
Sustainability decarbonization and
ASIDE from tech advancements that require upskilling and reskilling of Pinoy seafarers, the maritime industry also faces the reality of the need to reduce its carbon emissions and promote sustainability.
As the world becomes more focused on environmental sustainability, the maritime sector is under increasing pressure to adopt green technologies and reduce its carbon footprint.
The global push for decar-
THE GOAL OF MIDP IS TO CREATE A STRONG, RELIABLE, AND GLOBALLY COMPETITIVE MARITIME INDUSTRY THAT CAN SUPPORT NATIONAL DEVELOPMENT AND RESPOND TO GLOBAL CHALLENGES. BUT, WHILE THE PLAN LAYS OUT A CLEAR ROADMAP FOR THE FUTURE, THE REALITIES ON THE GROUND PAINT A MORE COMPLEX PICTURE.
bonization—led by international regulations like the International Maritime Organization’s (IMO) MARPOL Annex VI—is creating new challenges for countries like the Philippines, which rely on aging ships and traditional fuel sources.
“Recognizing the primacy of safety of life at sea and marine environment protection, the most prominent trend in the maritime industry is decarbonization and efforts toward green and sustainable shipping,” Jara said.
She explained that while decarbonization presents significant challenges, it also offers an opportunity for the Philippines to enhance its standing as a compliant
member of the IMO.
This, Jara added, will contribute towards the attainment of a deeper cause, that is, cutting GHG emissions by 70 percent to 80 percent in 2040.
The MIDP 2028 has embraced this shift towards environmental sustainability through its focus on establishing a green and blue economy. The plan outlines the need to modernize the country’s fleet and adopt cleaner technologies, such as the use of alternative fuels and eco-friendly ship design.
However, the reality is that investing in these technologies and transitioning to sustainable shipping practices will require significant financial resources—
something that many Philippine shipping companies currently struggle with.
Eunice Samonte, spokesperson for the Philippine Ports Authority (PPA), echoed similar sentiments, stating that the agency is actively incorporating sustainability into its port development projects.
The authority has banned single-use plastics at its facilities and has launched large-scale mangrove planting initiatives to mitigate the environmental impact of port operations. These efforts align with the MIDP’s sustainability goals, but the challenge remains to fully integrate sustainable practices across the entire maritime industry.
“These actions are part of a broader modernization effort to invest in innovative technologies that enhance environmental performance and demonstrate a commitment to environmental stewardship,” she said.
For Jara, though, the initiatives should be coupled with political will and the full support of stakeholders—especially private sector partners—to ensure a greener maritime industry in the Philippines.
“The Philippine maritime administration must have the political will and full support of stakeholders to adopt and implement the relevant policies consistent with internationally accepted rules and regulations such as the MARPOL Annex VI,” she said.
Working hand-in-hand
JARA said public-private partnership (PPP) is crucial to ensure the success of the MIDP.
“Even with a strong political will, the absence of the stakeholders supporting the programs will prove the efforts of the administration in vain because of the lack of mutual interest in advancing the maritime industry of the Philippines,” she said.
In fact, the MIDP 2028 outlines PPPs as a means to achieve its ambitious goals for the industry, especially given fiscal limitations.
Batalla emphasized that collaborations with private stakeholders are vital to improving maritime education and training.
“In terms of maritime education and training, collaboration with Maritime Higher Education Institutions, Maritime Training Institutions, Assessment Centers, Licensed Manning Agencies, and other concerned maritime stakeholders is vital in upgrading MET programs and ensuring that Filipino seafarers are equipped with the necessary skills. By working together, the Marina and these private stakeholders can continuously update curricula to align with international standards, particularly with the STCW Convention,” he said.
Infrastructure push MODERNIZING the Philippines’ maritime infrastructure, particu-
MAGNA CARTA FOR SEAFARERS: Nothing to crow about its prickly escrow provision, say migrant groups OVERSEAS FILIPINO WORKERS
By Samuel P. Medenilla
AMIGRANT advocate group
joined calls for stopping the implementation of the controversial “escrow provision” of Republic Act (RA) No. 12021, or the Magna Carta for Seafarers, amid concerns it can be replicated for land-based overseas Filipino workers (OFWs).
Center for Migrant Advocacy (CMA) Executive Director Ellene Sana said the escrow for seafarers can become the precedent for the passage of similar legislative measures for other sectors, including land-based OFWs, in Congress if it is left unopposed.
“We should not let go of this problem with the Magna Carta.... As DOLE [Department of Labor and Employment] said, there is no such [provision] in labor laws. If you are a local worker and you have a claim, you don’t have to post a bond for the release [of your claim],” Sana told the BusinessMirror in an interview on the sidelines of a forum organized by the Friedrich-Ebert-Stiftung (FES) and the University of the Philippines School of Labor and Industrial Relations (UP SOLAIR) in Quezon City last Monday.
Under Section 59 of RA 12021, seafarers are mandated to post a bond for their claims, which are still pending for judicial review before the Court of Appeals (CA) or Supreme Court (SC).
The bond will be reimbursed by the losing manning agency of the shipping firm if the seafarer wins in the said case, and will be forfeited if the court will decide in favor of the former.
CMA said it will back the plan of the Federation of Free Workers (FFW) to challenge the constitutionality of the escrow provision of RA 12021, which it called antiseafarer.
In a Viber message, FFW Presi-
dent Sonny Matula said they are still preparing the case they will file against RA 12021 before the Supreme Court.
“We may be able to file it by the second week of November,” he said.
Case reviews
CITING the findings of UP SOLAIR
Professorial Lecturer Maragtas
S.V. Amante, Sana said the escrow provision is not only legally questionable, but may also lead to long delays before seafarers can get their claims.
Amante said it takes an average of more than eight years before claims filed by seafarers before the courts proceed to and are settled by the Supreme Court.
“This is because the case will go through the [labor] arbiter, [National Labor Relations] Commission, Court of Appeals before it reaches the Supreme Court,” he said in his presentation during the forum.
In his partial inventory of the SC decisions on labor cases from 2016 to 2023, Amante noted that 33.2 percent or 174 are seafarerrelated and 350 or 66.8 percent are non-seafarer cases.
He also noted 108 or 62.1 percent of seafarer cases in the SC are in favor of the sailors and only 34.5 percent or 60 percent benefited employers.
The average monetary amount SC awards for seafarers was $66,886.
Problematic implementation
SUPPORTERS of the escrow provisions argued that the provision of RA 12021 is necessary to prevent “ambulance chasing,” or the act of soliciting, personally or through an agent from seafarers or their heirs, for the pursuit of any claim against their employers for the purpose of the recovery of the former’s monetary claim. They also said it is meant to
protect manning agencies and shipping firms in case the SC will rule in their favor and the seafarer can no longer return the awarded amount.
Sana slammed the said arguments, saying that there will be no need for the escrow provision of RA 12021 if RA 10706 or the Seafarers Protection Act of 2015 is effectively implemented by the government.
“So if it [RA 10706] is not effective, why should seafarers be the ones to be penalized,” Sana said. The Department of Migrant Workers (DMW) earlier said that the escrow provision will only apply for “excessive claims,” which will be contested by manning agencies or shipping companies. It said the usual amount of claims will be immediately awarded to seafarers.
Stakeholder consultation DMW said it hopes the said matters will be clarified in the Implementing Rules and Regulations (IRR) of RA 12021, which is expected to be released before the end of the year.
Sana said they hope the government will conduct stakeholder consultations in crafting the IRR, especially since RA 12021 has provisions that they support and will be beneficial for seafarers.
The CMA official said they are particularly looking forward to the Transition Assistance under Section 88 of RA 12021, which provides aid to seafarers who are not actively engaged, or not working due to expiration of contract, or are transitioning between contracts. The program includes unemployment benefits, training and livelihood programs, as well as entrepreneurship training and financing.
“We hope the IRR will help further reinforce the good provisions of the new law,” Sana said.
Converge advocates for cleaner oceans
CONVERGE ICT Solutions, Inc. in partnership with Metrodivers, Inc., celebrated the recently concluded International Coastal Cleanup Day in an initiative called ‘Code Blue’ in Mabini, Batangas for a day of learning, SCUBA training, and shore cleanup.
“The goals of our partners are very well aligned with our own advocacy and sustainability commitments, especially our #CountdownToZeroWaste2.0 which is the Bawal ang Plastik campaign that also aims to help reduce the use and manage our plastic waste,” said Converge Vice President and Head of Corporate Communications and Public Rela-tions, Jay-Anne Encarnado said.
Some thirty employees of Converge took part in the whole-day activity, which included environment briefing, underwater trash collection, and shore cleanup.
Metrodivers is a Metro Manilabased dive school offering diving certification, SCUBA courses, professional training and dive travel experiences. Code Blue is a project of Metrodivers that aims to raise awareness about environmental conservation. Through engaging campaigns, it strives to educate individuals about the importance of protecting our oceans and marine ecosystems.
Divers and non-divers alike in the group gathered more than 40 kilograms of plastic waste from the sea. Of which 40 percent are small sachets, 20 percent plastic bags, and 10 percent are other floating debris.
Converge launched the Countdown to Zero Waste campaign in November 2022 as a response to the country’s looming solid waste crisis.
In line with this movement, zero waste bins were placed in its headquarters and business centers nationwide where employees and customers could drop their discarded waste electrical and electronic equipment, or e-waste, for proper treatment and disposal through Converge partners Jontrix Trading and Green Antz.
Converge also started upcycling its used tarpaulins into reusable items like bags and mats with the help of women-led social enterprise KREations PH, also as part of the campaign.
Converge joins Macabebe Mission organized
By Pi Sigma Delta Sorority and Inner Wheel Club - Taguig
LEADING fiber broadband and technology provider
Converge ICT Solutions Inc. collaborated with the Pi Sigma Delta Sorority and Inner Wheel Club of Taguig in a service mission to Barangay Consuelo in the coastal town of Macabebe in Pampanga which has always been isolated from the rest of the province during typhoons.
The barangay, which can only be reached either by foot via a onemeter wide, one-kilometer long bamboo bridge or by riding small for-hire bancas, is home to some 1,000 Kapampangans whose main livelihood is fishing or gathering oysters in the area.
The Macabebe Mission provided free medical check-up, including diabetes screening, and dental services such as tooth extraction. Converge supported the distribution of dental kits and grocery packs and provided a short training on protecting children from online sexual abuse and exploitation to the 150 beneficiary families.
check-up courtesy of the doctors and dentists from Inner Wheel Club of Taguig and the Pi Sigma Delta Sorority which was celebrating its 50th founding anniversary at the University of the PhilippinesDiliman. Fun games and slippers were also provided to the children of the community.
One of the pillars of the sustainability commitment of Converge centers on creating positive community impact which the company pursues through various community engagement activities.
Converge Vice President and Head of Corporate Communications and Public Relations Jay-Anne Encarnado added: “We hope that these efforts contribute to creating more resilient communities, as we explore ways where we can leverage our strengths to empower more unserved and underserved areas.”
Additionally, Unilab Foundation donated over-the-counter medicines which were provided for free to those in need during the free medical
“As an organization with the capability and expertise to reach out to vulnerable communities, we see it as our imperative to go handin-hand with other organizations to address critical issues such as health and online safety of children,” said Converge Manager and Head of Community Relations Jennifer Ambanta-Realubit who conducted the short seminar.
Recently, Converge also joined Caritas Manila for the launch of its Unang Yakap Community in Baseco Compound in Tondo to extend sustainable healthcare and nutritional assistance to underprivileged pregnant and lactating moms in the area.
Likewise, the company also conducted sales agent training for the recipients of Unang Yakap, through its prepaid fiber broadband product Surf2Sawa (S2S), where they learned how to use social media as a potential source of income.
Converge joined forces with Pi Sigma Delta Sorority and Inner Wheel Club of Taguig for a medical and dental mission in Brgy. Consuelo, Macabebe, Pampanga last October 14.
CONVERGE engaged the beneficiaries in a seminar on the dangers of online sexual abuse and exploitation of children, while the Inner Wheel Club - Taguig showed them the proper way of brushing their teeth.
MARITIME INDUSTRY
Keeping up with the waves of change
larly its ports, is another component of the MIDP 2028. With the country’s position as an archipelago, ports play a central role in both domestic and international trade. However, outdated infrastructure has long been a persistent issue, hindering the efficient flow of goods and services.
The MIDP 2028 outlines a comprehensive plan to address these challenges through the modernization and expansion of port facilities.
The plan includes the upgrading of major ports to accommodate larger vessels and the development of regional ports to decentralize cargo traffic from overburdened ports in Metro Manila.
According to Samonte, the PPA is already making significant strides in this area.
“In July, the PPA announced the implementation of 14 big-ticket infrastructure projects across the country’s major island groups.
As of August 2024, the Upgrading of General Cargo Port in Davao has already been completed while the rest of the port infrastructure projects are under various stages of completion, of which eight projects are more than 50 percent complete and five projects are in the early
stages of development,” she said. Facing realities
AS the Philippines works to implement the MIDP 2028, the realities of the industry’s current state must be confronted head-on.
While the plan offers a comprehensive vision for a modernized, sustainable, and competitive maritime sector, there are challenges that must be addressed. Infrastructure limitations, financial constraints, and global competition remain hurdles that cannot be ignored.
In addition, the decarbonization efforts and the pressure to align with international environmental regulations demand urgent attention. While these initiatives align with global sustainability goals, the shift towards greener shipping practices requires extensive investments in new technologies and modernized fleets.
The Philippine maritime sector has long been a cornerstone of the national economy and a key player in the global maritime industry. By fully embracing the goals of the
MIDP 2028 and addressing the realities on the ground, the country can continue to thrive in an increasingly competitive and rapidly changing world.
“With the demand of seafarers in the global market, the Philippines should maintain its position as the primary source of shipboard manpower. It requires efforts to ensure that national provisions on maritime education, training, certification and assessment are consistent with the international conventions and standards,” Batalla said.
PLDT, SMART BOOST DAVAO NETWORK WITH NEW SITES, ADDITIONAL LTE CAPACITY
THE Philippines’ leading integrated telco network PLDT Inc (PLDT)’s wireless unit Smart Communications, Inc (Smart) enhances its network across the country, particularly in Davao City.
"This reinforces our commitment to deliver the best possible experience to our customers in Davao City and across the country, connecting families, enabling businesses of all sizes, and powering the country's overall digitalization thrust," said Roderick S. Santiago, FVP and Deputy Network Head at PLDT and Smart.
This year, new sites and additional LTE capacity have been rolled out in Davao City and across Mindanao, including in
the cities of General Santos, Butuan, Tagum, Koronadal and Digos, and in Maramag in Bukidnon and Polomolok in South Cotabato.
Among the beneficiaries of Davao City's beefed-up network are micro-, small- and mediumsized enterprises (MSMEs) and farmers in Davao’s cacao industry.
Mirasol Magalasin, who leads an organization for people with disabilities "Samahan ng may mga iba’t ibang Kakayahan sa Dabaw", shared that they had a challenging
time reaching customers, particularly during the pandemic. "As our business recovers, we credit technology for enabling us to market online through social media, especially given our limitations in mobility,” she said.
Meanwhile, for Jhomar Pablo, who works for a Mindanao-based cacao agribusiness company, connectivity and technology are also a boon for cacao farmers like him. “The introduction of technology-aided farming opens up more opportunities for farmers, as well as promotes sustainable agriculture,” he said.
Magalasin and Pablo joined the recent runs of PLDT and Smart’s eBiznovation and Digital Farmers Program (DFP) in Davao City, respectively. The eBiznovation run was a collaboration with the Department of Trade and Industry (DTI), DTI Davao City and PLDT Enterprise, while DFP was implemented with the Department of Agriculture –Agricultural Training Institute (DAATI) and Mennonite Economic Development Associates (MEDA). As e-commerce platforms like TikTok Shop and fintech apps like Maya become essential among Filipino entrepreneurs striving to access wider markets and digitally transform their businesses, eBizNovation and DFP are helping empower Filipino MSMEs and farmers to increase their earnings and productivity with the help of connectivity and technology.
The PLDT Group’s continued investments in its network are aligned with the Group’s commitment to narrow the digital divide and provide connectivity to all, reinforcing the Group’s support for the Government's digitalization mission, by expanding reliable internet access nationwide, including to Geographically Isolated and Disadvantaged Areas.
CATCHING THE SUN PHL hospitality sector gears up for growth—456,000 rooms needed by 2028
By John Eiron R. Francisco
IT is often said that the warmth and hospitality of Filipinos are key reasons why tourists from around the globe continue to return to the Philippines, drawn not only by the diverse tourist spots across the archipelago’s 7,641 islands but also by the genuine welcome they receive from locals.
FACING REALITIES
CATCHING THE SUN
PHL hospitality sector gears up for growth—456,000 rooms needed by 2028
scoring its vital role in the country’s economic recovery.
growth within the country’s hotel sector, as stated by the tourism chief during the event at The Westin Manila.
Frasco pointed out the plan’s significant role in shaping the future of the Philippine tourism industry and the development of PHISAP through a collaborative effort that included not only the DOT and PHOA but also a broad spectrum of stakeholders, such as government agencies, hotel operators, industry associations, and other key figures in tourism. Likewise, she emphasized the need for “ambitious goals in the country’s hospitality sector.”
Frasco explained that while significant progress has been made through aggressive investments by hotel owners and tourism partners, timely action is essential, as delays in expanding capacity and improving infrastructure represent missed opportunities.
In 2023, the accommodation sector employed 1.45 million people and accounted for 16.2 percent of the P2.09 trillion tourism direct gross value-added (TDGVA), as well as 23.3 percent of the 6.21 million jobs in tourism. The sector attracted over 51.4 percent of the P508.8 billion in tourism investments, under -
‘Safety and Sustainability: The Travel Experience’
FRASCO acknowledged the profound impact of the accommodation sector on the economy, highlighting how employment in hotels and resorts has transformed the lives of countless workers and their families. This positive change, however, does not come without its challenges. Despite these achievements, she pointed out that ongoing issues in accessibility and accommodation persist, which are crucial for enhancing the overall tourism experience.
To address these challenges, Frasco stressed the urgent need to improve room capacity and connectivity. She referenced the United Nations Tourism Organization’s emphasis on seamless travel and the importance of adequate infrastructure for successful destinations.
Given the Philippines’ rich natural and cultural heritage spread across its over 7,000 islands, she asserted that it is vital for these destinations to be easily accessible and equipped to handle the increasing number of visitors. By prioritizing these improvements, the country can better meet the demands of tourists and ensure a
more enjoyable travel experience for all.
Meanwhile, the DOT chief commended the hotel owners and the accommodation sector for their efforts in integrating smart technologies to improve the efficiency of tourism services and for adopting sustainable innovations that reduce carbon footprints and promote green tourism.
As standards for facilities and services continue to rise, Frasco highlighted the critical importance of ongoing trust-building and investing in the well-being of employees and stakeholders. She noted that, according to Global Trends, sustainability, hygiene, and safety are crucial factors in earning the trust of travelers, especially in the post-pandemic era.
She stated, “We must demonstrate that the Philippines is not only a beautiful destination but also a safe, reliable, and sustainable one.”
Consequently, the government has made significant strides in addressing the needs of tourists as they travel throughout the country.
Additionally, the DOT’s ongoing training programs for tourism workers, through the Filipino Brand of Service Excellence (FBSE), counts 243,080 workers who have been trained under this initiative.
Muslim-friendly tourism
MEANWHILE , as part of the inclusive tourism, on September 10, 2024, the DOT launched the Marhaba Boracay, the first Muslimfriendly cove of its kind in the Philippines. Inspired by similar initiatives in tourist destinations like the Maldives and Thailand, Marhaba cove covers approximately 850 square meters and is designed as a special area for Muslim travelers and families, adhering to Islamic laws.
The Muslim tourism market is rapidly growing, with visitor arrivals from Muslim-majority coun-
CELEBRATE the magic of the Christmas season at Sheraton Cebu Mactan Resort, where the warmth of holiday gatherings meets breathtaking panoramic views of nature and premium experience.
tries reaching about 496,724 from January to December 2023, marking a 120 percent increase from the previous year. Muslim-majority tourists accounted for 10.9 percent of the total foreign arrivals in the Philippines. From January to June 2024, arrivals from Islamic and Muslim-populated countries totaled 269,913, which is around 54 percent of the total arrivals for 2023. In response to the needs of Muslim guests, the DOT has actively pursued the accreditation of Muslim-friendly Accommodation Establishments (MFAEs). By December 2023, the DOT, through its regional offices, had recorded a total of 289 MFAEs and 237 Muslim-friendly restaurants across the country.
The DOT, in collaboration with Megaworld Hotels and Resorts, signed a Memorandum of Understanding (MOU) at the Arabian Travel Market (ATM) on May 6, 2024, in Dubai, United Arab Emirates. This agreement aims to convert all thirteen of their properties into Muslim-friendly Accommodation Establishments (MFAEs). Since the MOU was signed, two of their hotels, Savoy Hotel and Belmont Boracay, have already received MFAE accreditation.
EXPERIENCE A MAGICAL, BREATHTAKING HOLIDAY SEASON AT SHERATON CEBU MACTAN RESORT
DEPARTMENT of Tourism (DOT) Secretary Christina Garcia Frasco (4th from left) and officials of the Philippine Hotel Owners Association Inc. (PHOA) led by its President Arthur Lopez (3rd from left), Technical Working Group
NUSTAR UNVEILS NEW REWARDS PROGRAM
NUSTAR Resort Cebu, the premier lifestyle destination in the Visayas and Mindanao, recently relaunched the new look of its NUSTAR Rewards cards.
Sporting the tagline, “You Are the Star,” the new rewards cards encapsulate the personalized experiences that each card promises.
Previously named Classic, Silver, Gold, Platinum, and VIP Elite, the cards are now known as Star, Sky, Sun, Zodiac, and Universe, respectively, reflecting a new galaxy of rewards and privileges.
Members can look forward to a universe of rewards extending beyond the gaming floor, with curated experiences tailored to their unique lifestyles. While some benefits remain the same, members now enjoy more generous pointsearning rates, priority access to various dining and retail offers, and exclusive birthday privileges.
The rewards cards were relaunched amid walls adorned with floor-to-ceiling LED installations, an immersive 3D photo op area, and a mesmerizing card reveal intertwined with celestial constellations. Complemented by gourmet canapés and DJ Divine Smith’s electrifying beats, the ballroom transformed into a cosmic
symphony of sound and light.
NUSTAR is expanding its network to enhance the member experience. Shopping outlets feature an impressive lineup of established brands, including Louis Vuitton, Bulgari, Celine, Tiffany & Co., Loewe, Kenzo, Versace, Givenchy, Saint Laurent, Estée Lauder, Jo Malone, Tory Burch, BOSS, Burberry, Porsche Design, Univers, OffWhite, Eye Society, Chow Tai Fook, Luk Fook, Sole Republiq, Beyond the Box, Break 100, and Hagod Spa.
Dining partners offer a diverse array of culinary delights, such as Mott 32, Barcino, Good Luck Hotpot, Kazuwa Prime, Koshima by Nonki, Taiwan Shabu-Shabu, Yeonwha the Premium by Kaya, Abaca, Xin Tian Di, Fina, Il Primo, Huangdi, Fili Café, Fili Lobby Lounge, and Axis Entertainment & Sports Bar. Members earn points that unlock even more exclusive privileges, maximizing their Rewards Card benefits.
VIP guests at the relaunch were given an exclusive first look at the new cards and received them during the event, granting them immediate access to enhanced benefits and making the experience truly unique. At the same event, the NUSTAR Rewards Mobile app was officially
introduced to be released soon, offering members a new level of convenience and control over their rewards. Beyond tracking points and status, the app provides personalized offers. Patrons can easily book luxury stays and even pay with their points, all within the app.
With an integrated messaging inbox, users stay up-to-date on exclusive promotions and upcoming events. The app also features a Rewards Shop where points can be redeemed for curated items, along with a virtual card enabling seamless earning and redemption of points with every transaction.
“This isn’t just about renaming our card tiers or changing their appearance. It’s a reminder of our commitment to provide you with a universe filled with rewards and benefits,” said Alan Teo, NUSTAR Chief Operating Officer, in his welcome speech.
NUSTAR’s new Rewards Program is now live, and guests are invited to explore the galaxy of benefits it offers. Claim your NU Universe and discover an elevated lifestyle with the ultimate Rewards experience, where You Are the Star, and every visit brings you closer to the stars. Visit www.nustar.ph/rewards for more information.
Belmont Hotel Boracay celebrates “Holly Holidays by the Coast”
THE “most wonderful time of the year” is fast approaching and Belmont Hotel Boracay invites guests and patrons to experience a paradisal coastal Christmas with their themed-celebration, “Holly Holidays by the Coast.”
Perfectly nestled on the serene 300-meter stretch shoreline of Boracay Newcoast, these holiday offerings promise a relaxing escape with the perfect blend of festive ambiance, gastronomic discoveries, and memorable holiday activities for all ages.
Guests are invited to celebrate the season with special room rates for their next holiday adventure. With rates starting at PHP 4,200 nett, one can enjoy “Holly Jolly Stays” and stay in a Terrace Room with Buffet Breakfast for two (2).
Guests who availed this package can also enjoy the following benefits: festive-themed welcome treats, and complimentary 15-minute use of non-motorized water sports activities, among many others. Travel period until December 21, 2024. Experience the magic of the holidays by the coast from December 22 to 27, 2024, with Belmont
Hotel Boracay’s “Blissful Christmas Escapade” priced at PHP 11,200 nett, with a minimum of two room nights to avail. With a focus on picturesque views and cozy settings, this Christmas getaway comes with special perks like holiday-themed welcome amenity, Sampaguita token, complimentary 15-minute use of non-motorized water sports activities, and complimentary scheduled shuttle to and from D’Mall, among many others. Early bookings on or before November 15 will also receive a special “Monty” keychain as an added treat. Meanwhile, Santa’s Holiday Spread takes center stage with chef-curated Christmas feast that offers a true taste of the season.
Belmont Café, the hotel’s all day dining restaurant, invites patrons to indulge in a specially prepared festive feast filled with holiday classics, decadent desserts, and a sprinkle of Christmas magic, perfect for gathering around with loved ones. The Christmas Eve dinner buffet, accompanied by live acoustic entertainment and a special visit from Santa, is scheduled on December
24 from 6:00 p.m. to 10:00 p.m.
Cap off the holiday escape with Belmont Boracay’s New Year’s Eve party, featuring live music, a sumptuous international buffet spread, and a midnight fireworks display over the ocean. Raise a glass to new beginnings while surrounded by the serene beauty of the Sibuyan beach — the perfect way to start the year ahead.
Guests who are looking to unwind and savor the season are encouraged to book early, as rooms fill up quickly during this magical time of year. Celebrate Christmas with Belmont Hotel Boracay and create cherished memories that last a lifetime.
Plan your holiday getaway and celebrate the Yuletide season with Belmont Hotel Boracay. For more details on “Holly Holidays by the Coast,” please visit www.belmonthotelboracay.com or call (036) 286 2200 / +63 917 867 3019. You may also follow their official social media pages for more updates.
Feel free to browse through Megaworld Hotels and Resorts festive offerings through this link: https://bit.ly/BHBFestive2024.
AVIATION
Smooth landings after turbulent skies
By Ma. Stella F. Arnaldo
TThe exuberant activity and optimism notwithstanding, the industry could still fly through turbulence along the way, one from geopolitical hazards and another from higher airport fees, which may increase operating costs, and thus, trim the profits of carriers.
Also, the lack of the appropriate infrastructure at many airports can be a challenge, although the recent privatization tack of the government has minimized the carriers’ anxieties, especially at the country’s premier gateway, the Ninoy Aquino International Airport (Naia).
Aircraft suppliers and engine manufacturers have been lucky
enough to sign contracts for new orders with local carriers, but the latter have adopted a tempered optimistic attitude on their scheduled deliveries taking into consideration the continued aviation backlog.
Meanwhile, climate change and sustainability are long-term concerns of the sector, what with the continued slow production of eco-friendly aviation fuels.
PHL aviation to recover this year
ACCORDING to the International Air Transportation Association (IATA), there is a solid uptrend in passenger and cargo traffic from
HE aviation industry in the Philippines is alive and kicking, as most local carriers have now restored most, if not all, of their prepandemic routes and are on their way to beefing up their aircraft fleet in anticipation of a global recovery in international travel. Continued on L2
Thursday, October 31, 2024
FACING BusinessMirror
SMOOTH LANDINGS AFTER
Continued from L1 December 2022 to the first quarter of 2024. For the first three months of the year alone, the Asia-Pacific region leads in the passenger recovery, with a 30-percent growth in revenue per passenger kilometers, while the Middle East leads in cargo, at a 23-percent growth in cargo ton kilometers.
The organization also projects a 5.3-percent in compounded annual growth rate in passengers in Asia Pacific from 2023 to 2043, adding some 2.75 billion passengers by 2043. This will account for 66 percent of the global growth in international passengers over 20 years. IATA represents 330 airlines accounting for 80 percent of the global air traffic.
“In the case of the Philippines, it will recover in 2024,” said IATA Philippines Country Manager Samuel S. David at the recent Philippine Tourism and Hotel Investment Summit 2024.
Data provided by the Manila International Airport Authority (MIAA) confirm this, as 43,306 international flights arrived at Naia from January to September 2024. This was just 5.15-percent less than the 45,659 flights which landed at Naia in the same period in 2019. More flights and frequencies are expected to be mounted by yearend to accommodate the bulk of international travelers flying in for the Christmas holidays.
Managing the headwinds GEOPOLITICAL tensions are among the headwinds the aviation sector faces, he added. “These tend to make flights longer; you know the flights from Canada or Europe to the Philippines, takes about two hours longer,” because of the ongoing Ukraine-Russia conflict.
For his part, Capt. Stanley Ng, president and chief operating officer of pioneering flag-carrier Philippine Airlines (PAL), said, “We continue to monitor developments related to the Israel-Hamas, IsraelIran and Russia-Ukraine conflicts, including a possible spike in fuel prices. So far, there has been no effect on our flights to the Middle East, as our destinations in Saudi Arabia, the United Arab Emirates, and Qatar are far from the conflict zones.” He added, “We have a robust crisis management team to help us work on recovery efforts in the event of any crisis. During the pandemic, for example, we switched from the usual commercial operations to focus mostly on mounting
repatriation flights to help evacuate Filipino citizens from countries in crisis, and building up a network of all-cargo services to help keep supplies and urgent equipment flowing into the Philippines.”
Due to an oversupply in crude oil, with the United States now the biggest supplier in the world, crude prices have somewhat eased. Ricky Isla, chief executive officer of Air Asia Philippines (AAP) said, “Global rising fuel prices will inevitably impact an airline’s profitability. Initially during the onset of this conflict, we experienced a sharp increase in fuel prices. As we continue to actively monitor developments, we are now observing some signs of relief with a softening in price hikes following Israel’s clarification to focus only on military targets instead of Iranian fuel refineries, which are major players in the global oil market.”
Infrastructure constraints
CEBU Pacific Air, currently the country’s largest carrier, cited “infrastructure constraints” impinge on the growth of the aviation industry and affect the travel experience of passengers. “This has been the result of historical underinvestment in airport infrastructure,” said CEB President and Chief Commercial Officer Alexander Lao. “However, the recent privatization of the Manila and Laguindingan airports, along with the development of other provincial airports provide us some comfort, and a more positive outlook that these challenges will be addressed.”
Yet Ng cited a report of the Asian Development Bank (ADB) in 2023 on the need to expand and upgrade airport infrastructure not just in the Philippines but in many countries around the world. “The key bottleneck is runway capacity— the ADB reported a shortage of runways at key airports is a fundamental constraint on the growth of aviation in Southeast Asia. Additionally, airport terminals need expansion to cope with the expected growth of passenger traffic in the coming years, and their ground handling and aircraft support systems, likewise need upgrading to incorporate the latest technology.”
On September 14, a consortium led by San Miguel Corp. chair Ramon S. Ang—the New Naia Infrastructure Corp. (NNIC)—which includes the operator of South Korea’s Incheon International Airport, took over management and operations of Naia’s three passenger terminals, with an eye to build
Data provided by the MIAA confirm this, as 43,306 international flights arrived at Naia from January to September 2024. This was just 5.15-percent less than the 45,659 flights which landed at Naia in the same period in 2019. More flights and frequencies are expected to be mounted by yearend to accommodate the bulk of international travelers flying in for the Christmas holidays.
another one—an expansion of Terminal 2—and upgrade of the airport’s facilities and systems.
Separately, new passenger terminals are also being constructed at the Clark International Airport in Pampanga and the Mactan Cebu International Airport, while an additional runway is planned in Cebu as well. Other provincial airports are up for improvement next year including Basco, Busuanga, Cauayan, Tuguegarao, Bacolod, Calbayog, Catbalogan, Catarman, Ormoc, Davao, General Santos City, and Surigao. (See, “Challenge for 2 regional airports soon,” Sept. 10, 2024.)
“While we can’t build new runways at Naia, we look forward to the NNIC and the Department of Transportation (DOTr) implementing solutions to optimize the runway system to allow for more take-offs and landings at greater safety levels, so that airlines can operate more flights and minimize delays and disruptions,” said Ng. “Planned upgrades and expansions to Naia terminals will help elevate the passenger experience…. We also look forward to enhancements in transit facilities that will help us offer more connectivity between international and domestic routes, as well as from one international flight to another… and enhanced cargo facilities [will] make Naia a world-class freight transshipment hub,” he added.
Hikes in airport fees
WITH the takeover of the NNIC, however, a slew of fee increases recently approved by Malacañang, will be implemented to allow the new airport manager to recoup its P122-billion investment in the 25-year project. “The sharp rise in Manila’s airport costs is the other recent challenge,” said Lao. “While airport rates have not changed in the last 20 years, the increases were immediate and will have to be both partially borne by the airline and its customers. On the other hand, we look forward to the improvements that will be brought about by the new private operator,” he added.
Aside from an increase in passenger terminal fees, which will be
implemented next year, new landing and take-off fees imposed on carriers went into effect on October 1, starting from a minimum rate of $794 (maximum 50,000 kilograms take-off weight of aircraft) for international traffic. For a maximum 100,000 kg take-off weight of aircraft, the fees are $557.73 applicable from October 1, 2024, and $1,794 on year one of NNIC’s contract.
New fees both for domestic (P100 per ton and P160 on year one) and international cargo (P200 per ton and P230 per ton on year one) have also been imposed. Said fees are included in the MIAA’s Revised Administrative Order No. 1, series of 2024 (https://tinyurl. com/2pjkadjj)
All these higher fees, though they may be passed on to the consumer, can still impact on the profits of carriers. Thus far, IATA data indicated that carriers in Asia Pacific — which include our own CEB, PAL, and AAP — earn a profit of just US$1.20 per passenger (roughly P70), or less than the cost of a tall coffee at Starbucks. This translates to a profit margin of just 0.7 percent. In contrast, globally, airlines earn $6.10 (some P354) per passenger, or a profit margin of 3.1 percent. “We’ll take that. But this is still coming off from the pandemic,” said David.
Delay in deliveriesplaneexpected
GLOBAL supply chain issues also persist, which will impact on the refleeting programs of both PAL and CEB. Cebu Pacific recently announced the largest aircraft order in Philippine history valued at US$24 billion (P1.4 trillion), signing an agreement with aircraft manufacturer Airbus and engine supplier Pratt&Whitney. The agreement is for the purchase of up to 152 A321neo aircraft powered with Pratt & Whitney GTF engines. (See, “Cebu Pacific, Airbus seal purchase deal,” in the BusinessMirror, October 4, 2024.)
“We have seen some easing of supply chain issues in the aviation industry, but the overall situation remains fragile as some external factors (e.g. war in the Middle
East) and structural issues (e.g. collective loss of experience in the workforce) continue to pose challenges to what has otherwise been a slow but steady recovery. We are still seeing some delays in the delivery of aircraft and engines, both new and out of maintenance, but the frequency and length of delays have both reduced,” said CEB’s Lao.
“We continue to engage with our industry partners to find constructive solutions, both in the short and long term, and do not anticipate any sudden and unplanned disruptions to our operations due to these issues.”
He added, “While we have seen improvements, we do expect the issues to run for a few years still into the future. It will be a good number of years before narrowbody aircraft deliveries will catch up to the fast growing demand for air travel.
As such, our recent order gives us certainty of our own growth, while also helping us advance our sustainability goals.”
PAL, which implemented a refleeting program in 2023, has said it will be placing a new order for around 100 new planes, even as it currently has backlog orders of 13 A321neos and nine A350-1000s from Airbus.
“Deliveries of new aircraft are generally on track, but we may see a slight slippage of the delivery of our first Airbus A350-1000s from the third quarter 2025 to the fourth quarter of 2025, and we are waiting for confirmation on delivery schedules for the A321neos that we expect to receive by 2026,” said Ng.
“In the meantime, we are pursuing a project to retrofit 18 A321neos with all-new seats and cabin amenities, including seatback inflight entertainment. We expect to complete this project by 2027,” he said.
Net Zero 2050
PAL believes another major longterm issue is climate change, as demonstrated by the recent series of strong typhoons affecting various regions of the Philippines. Ng said, “This is an existential threat to our aviation industry and to the
global economy. PAL is committed to partnering with the worldwide airline community in a global push towards net-zero CO2 emissions by 2050. For our part, we are acquiring more fuel-efficient aircraft, preparing to transition to sustainable aviation fuels (SAF), exploring participation in carbon offset programs and implementing fuelsaving practices. These actions reflect our long-term commitment to a greener aviation industry that helps preserve our planet for future generations.”
In 2021, IATA members made a commitment to achieve Net Zero Carbon 2050. “Aircraft really offer a significant portion of global warming emissions. That’s quite a daunting task,” said David, “but it’s doable. This also aligns with the Paris [Climate] Agreement of achieving not more than the 1.5 °C increase in carbon temperature.” He said the goal is achievable through a basket of measures, first being the increased use of SAFs, a non-fossil based jet fuel but from waste like used cooking oil and agricultural waste. “When mixed with regular fuel, you won’t know the difference if you’re a passenger flying in an aircraft,” he said. New technologies, such as lighter aircraft, landing/takeoff procedures and other improvements in airport operations and infrastructure, as well as offsetting of the airlines’ carbon footprint, are also some measures for the industry to meet Net Zero 2050. Despite these challenges, the carriers see mostly blue skies ahead. PAL has reported a net income of $122 million (P7.08 billion) in the first half of 2024, while CEB raked in P3.55 billion in profit during the same period. Both have been expanding their international routes. In the case of AAP, it has been able “to overcome the last financial hurdle that has been hindering our growth opportunities,” said Isla. “With the plans to consolidate AirAsia X and the AirAsia Aviation Group, we will be headed towards a new era of strong growth, empowered with the ability to raise capital and grow further the aviation business, which includes fleet and network expansion over the next five years and beyond.”
Aside from prioritizing the expansion of its domestic network, the carrier has also announced plans to fly between the Philippines and the United States, and is considering new aircraft, Airbus A330s, to serve the route.
STEADY ASCENT According to the International Air Transportation Association, there is a solid uptrend in passenger and cargo traffic from December 2022 to the first quarter of 2024. MICHAEL EDWARDS DREAMSTIME.COM
FACING REALITIES
AFTER TURBULENT SKIES
Thursday, October 31, 2024
FACING
IATA: Digitalization can enhance the travel experience, speed up airline payments
By Ma. Stella F. Arnaldo
EIGHT minutes from roadside to airside?
It’s entirely possible, according to Samuel S. David, Philippines Country Manager for the International Air Transport Association (IATA), the organization of the world’s airlines representing over 80 percent of global air traffic. At the recent Philippine Tourism and Hotel Investment Summit 2024, he said, the organization is looking at digitalization as one of its priorities for 2024, with the implementation of a “contact-less” initiative it dubs “One ID.”
Generally, especially in the Philippines, flying domestically or internationally has advanced quite sluggishly from a passenger being issued a paper flight ticket as late as the turn of the millennium, to currently, receiving this electronically via email. Checking in for a flight, and getting one’s boarding pass can be accomplished on one’s computer or mobile phone, but as soon as the passenger arrives at the airport, there will be a long queue at the baggage drop, and once at the counter, he will still be issued a paper boarding pass. This will then be checked (along with the passenger ID), and a portion torn off by the airline representative, before the traveler is actually allowed to board the plane.
Even after the baggage drop counter and X-ray machine area, where handbags, laptops, mobile
phones, and the passenger himself will be checked, it will be another long queue toward the Immigration counter to present the passport and visa. (Just this last Sunday, people on Facebook were complaining of a two-hour wait waiting to reach the Immigration counter at the Ninoy Aquino International Airport passenger terminal 3.)
Stuck in legacy standards
DAVID describes these as “legacy standards” holding back airlines and airports. “But there’s technology already that can do away with much of that.” Under the One ID system, he said, the passenger will “seek approval even before he gets to the airport, will create a digital image of his passport, a photo of himself, a biometric version of himself that’s sent over to the airport authorities and to the Immigration regulators already, so when the passenger arrives at the airport, he’s known already without having to present his passport or visa. It’s a process that allows you to walk straight from roadside [to airside] in about seven to eight minutes.”
At the Naia, where hundreds of luggage were recently left behind by passengers who had already flown out to their destinations due to the terminal 3’s malfunctioning baggage handling system, can the One ID system be adopted at all?
Challenging initiative NEW Naia Infrastructure Corp.
(NNIC), the consortium led by business tycoon Ramon S. Ang which recently took over the Naia, described One ID initiative “an ambitious goal, especially given the airport’s current overcapacity and aging infrastructure.” NNIC general manager Angelito Alvarez said in a Viber message: “Reducing wait times is certainly out priority, but achieving the eight-minute roadside-to-boarding target will be challenging in the near term.”
But he added the company is “actively working with our partner, Incheon (of South Korea), and other stakeholders to explore how advanced technologies and more streamlined processes can make passenger move -
ment smoother and faster. Successfully implementing these changes will require us to work closely with government agencies, including Immigration, Customs, and Security, among others.”
While NNIC has yet to peg down an exact timeline when passenger wait times can be significantly reduced, he said, “We are confident that, with the right partnerships, systems, and infrastructure in place, we will be able to create a more efficient and seamless experience for all travelers passing through NAIA.”
As for more digital developments, the IATA on Tuesday also announced that it will offer digital currencies in the financial settlement systems it operates for the aviation industry.
“Digitalization impacts many aspects of our daily lives, including the currency we use. With the increasing use of digital currencies, it is imperative that IATA’s industry financial settlement systems adapt to support the needs of those using our services,” said Muhammad Albakri, IATA’s Senior Vice President for Financial Settlement and Distribution Services, in a news statement.
Quicker financial payments
THE first digital currency to be offered is the digital Renminbi, which will be available in the China Billing and Settlement Plan (BSP) by the end of 2024. “China is one of the most advanced countries in the world in the
adoption of digital currency. Recognizing the trend, IATA’s China Airline Committee requested for the digital Renminbi to be included in the BSP. This is an important development and IATA will accommodate the digital Renminbi by yearend,” he added.
IATA is also examining the potential to offer other digital currencies in its settlement
