S the country grapples with food supply issues, Cambodian Prime Minister Hun Manet has assured President Ferdinand Marcos that Phnom Penh is ready to export more rice and other goods to Manila to ensure the latter’s food security.
The Cambodian state leader made the remark during his joint press conference with Marcos in Malacañang on Tuesday after the signing of eight PhilippinesCambodia Memorandum of Understanding (MOU) on: taxes, information and communication technology (ICT), competition law,
technical vocational education, trafficking of cultural properties, investment promotion, tourism, and agriculture.
“We are identifying new opportunities to boost trade and investment flows in agriculture. Cambodia stands ready to contribute to the Philippine food security through rice supply as well as many other food products,” Manet said at the event.
Important partner MARCOS said he considers Cambodia as an “important partner” in ensuring the country’s food security especially after the signing of the MOU on Agricultural and Agribusiness Cooperation.
“I am pleased that we have come to an agreement to pursue stronger collaboration in agriculture and in agribusiness,” Marcos said.
“Accordingly, I expressed my hope for both Filipinos and Cambodians in the agricultural sector to actively participate in various programs under this agreement,” he added. In 2023, the Philippines imported 2,500 tons of rice from Cambodia. It is the first time the former imported a significant quantity of rice from the latter since the signing of the Rice Tariffication Law in 2019.
During the 50th Association of Southeast Asian Nations (Asean)Australia Special Summit last year, President Marcos said they are considering signing a rice sup -
ply agreement with Phnom Penh. Despite being a rice-producing country, the Philippines continues to import rice to meet domestic demand.
In January, the Bureau of Plant Industry projected the country will import 4.8 million metric tons (MT) of rice this year.
More trade, people exchanges ASIDE from agriculture, Marcos said business exchanges between Manila and Phnom Penh also extend to trade and tourism. At a business forum on Monday, local businesses met with their Cambodian counterparts to discuss possible collaborations.
HIGHER U.S. RECIPROCAL
TARIFF RISKS FLAGGED
OVER 90 percent of exports of India, Thailand, China and the Philippines which are destined for the US are most at risk in Asia of being slapped higher reciprocal tariffs by US President Donald Trump, according to Japanbased think tank Nomura Asia.
“We present the share of Asian exports to the US that have a higher relative tariff rate based on 2-digit HS codes. This shows that over 90 percent of the exports of India, the Philippines, Thailand and China [destined for the US] have higher relative tariff rates and are therefore most at risk of higher reciprocal tariffs,” the Japanbased think tank noted.
Nomura explained that by definition, reciprocal tariffs mean imposing the same tariff rate on imports from other countries as other countries impose on US exports.
For instance, it noted, if India imposes a 25-percent tariff on US autos, then the US would impose a 25-percent tariff on imports of autos from India.
The Japan-based think tank underscored that Trump’s objective of implementing reciprocal tariffs is to “ensure fair treatment for US exports, which could indirectly also address US trade imbalances with partner countries.”
Among the 10 Asian countries included in Nomura’s study, the Philippines is the fourth most at risk of being subjected to higher reciprocal tariffs, based on 2-digit (Harmonized System) HS Codes.
Based on Nomura’s AHS weighted average, at the country level, reciprocal tariffs are a bigger risk for emerging Asia than developed Asia, with India leading the pack as the most vulnerable due to its 9.5-percent weighted average tariff on US exports to India versus a 3-percent tariff rate on India’s exports to the US.
By Ma. Stella F. Arnaldo Special to the BusinessMirror
EXECUTIVE coach Nikka P. Villamin has just arrived from a four-day family trip to Hong Kong. It’s a destination she has been going to since she was seven years old. Now that she is 38, married, and has a four-year-old son, Villamin says she still prefers traveling there because it is less expensive, familiar, and offers a lot of familyfriendly sights. “Hong Kong is one of our favorite destinations. This time of the year, it’s quite cold— like it was 9-15 degrees [Celsius] the past three days—a good alter-
Riyadh, and Dubai,” said DTI. Market entry, compliance issues PER the DTI, Philippine exporters will meet with key regulatory bodies, such as the Qatar Ministry of Public Health and the Saudi Food
By Andrea E. San Juan @andreasanjuan
Continued from A1
and Drug Authority, to address market entry requirements and compliance issues.
DTI’s Export Marketing Bureau (DTI-EMB) Director Bianca Pearl R. Sykimte told the BusinessMirror in late January 2025 that Philippine exporters of processed food products are facing issues in the Middle East.
For instance, Sykimte said “For Saudi Arabia there are certain processed food products that we cannot export yet because there are no accredited exporters from Philippines.”
The official of DTI’s export marketing arm also noted that they are asking the Saudi FDA to fasttrack accreditation of Philippine exporters.
In Qatar, Sykimte said there are additional certifications being required from Philippine exporters that are not being requested from other countries. These requirements, the Philippine Trade official said, “are costly for Philippine exporters to comply with.”
The mission will culminate in Gulfood 2025, one of the world’s largest food and beverage sourcing event, showcasing the quality, sustainability, and competitiveness of Philippine exports.
The Philippine delegation is inviting buyers, distributors, and industry stakeholders to join the business matching sessions and connect with Philippine exporters of high-quality frozen and fresh produce, processed food, and personal care products.
According to DTI, business-to-business activities are scheduled in Doha on February 9, Amman on February 11, Riyadh on February 12 and Dubai on February 14.
Formalized during the 2024 National Export Congress, the DTI-DA partnership seeks to enhance the global competitiveness of Philippine agribusiness, the DTI noted.
“This will be achieved by streamlining value chains, promoting value-added processing, and ensuring compliance with international standards,” DTI said. Andrea E. San Juan
After tweaks, PPP pipeline lists 176 projects, at P2.47T
By Bless Aubrey Ogerio @blessogerio
THEnational government’s publicprivate partnerships (PPPs) now stand at 176 projects in the pipeline, amounting to P2.47 trillion, based on the PPP Center report.
As of February 10, the number of projects has increased from 172 in December, with an estimated total cost of P2.55 trillion. This time, however, nine projects were delisted, including seven national projects and two local ones.
Some of the bigger names among the delisted projects include the Metro Rail Transit System Line 3 (MRT3) Rehabilitation (P98.5 billion) and the Joint Venture for the Redevelopment of the PNOC and DOE BGC Properties (P83.19 billion).
Other delisted projects are the Comprehensive Digital Housing Platform Project (P20 million), High-capacity Bus System in Iloilo City (P2.48 billion), Electronic Invoicing and Tax Engine Systems
(ELITES) Project (P9.6 billion), Rizal Park Western Section Development Project (P1.43 billion), Power Generation and Distribution in San Vicente Flagship Tourism Enterprise Zone (P1.3 billion) and Marinduque Decarbonization Project (P4.24 billion).
The Zamboanga City Integrated Solid Waste Management System, an unsolicited local project that is delisted, still does not have a cost estimate yet.
Meanwhile, 15 new projects have been added to the PPP pipeline, including four national and 11 local projects. The largest new addition is the Francisco Bangoy International Airport Project, which is pegged at P12.9 billion.
This unsolicited proposal is currently under evaluation, with the Davao International Airport Authority as the implementing agency and the Davao International Airport Consortium as the private proponent.
Among the new projects, three still do not have cost estimates as they are still under conceptualization. These include the Proposed Preservation of the Historical Old Del Monte Airstrip, the Economic Housing Subdivision–RQ Village, and the Baguio Water Supply Project—all solicited local projects.
Additionally, two projects under development, the Manila Central Post Office (MCPO) Project and the Manolo Fortich Septage and Sewage Treatment Facility, are also without cost estimates for now.
Two other projects, the New Bohol (Panglao) International
Airport Project (P4.53 billion) and the Operations and Maintenance of Pampanga Dialysis Centers Project (P730 million), have been moved out of the PPP pipeline database, as both have been awarded and are now listed under the PPPC database of projects under implementation.
The changes in the PPP pipeline arose from: the addition of unsolicited proposals endorsed by the PPP Center for evaluation, projects submitted by implementing agencies and updates from ongoing engagements with implementing agencies.
The Center added that delisting occurs when unsolicited proposals are rejected by implementing agencies, project implementation modes change or projects are removed from the implementing agencies’ list, including cases of failed negotiations.
ng Maynila, Padre Gomez Elementary School, Arellano High School, and Ramon Magsaysay High School, where she previously taught.
Castro’s legislative platform includes significantly increasing the education budget, raising teachers’ salaries, reducing class sizes, and providing adequate facilities and learning materials.
Party-list groups
BUHAY Partylist, led by former Deputy Speaker Lito Atienza, officially launched its campaign for the 2025 elections on Tuesday through simultaneous gatherings in Manila and Cebu. The events, held at the Pope Pius XII Catholic Center and the Cebu Laiko Center, began with a Holy Mass and the blessing of BUHAY’s nominees.
Atienza, along with nominees Dr. Rene Bullecer and Carlos Sario, is seeking a return to Congress to continue BUHAY’s advocacy for the sanctity of life and the promotion of a prolife culture that promotes the welfare of a person from conception to maturity and the senior years—an agenda sidelined when the partylist lost its congressional representation.
Senator Joel Villanueva led the campaign launch for CIBAC Partylist at the Bocaue Municipal Covered Court in Bulacan, where over 3,000 leaders from various sectors nationwide gathered to express their support.
Among those present were Bocaue Vice Mayor Sherwin Tugna and CIBAC nominees, including CIBAC Representative Bro. Eddie Villanueva.
Villanueva emphasized the need to continue CIBAC’s advocacy for good governance and anticorruption efforts.
On the first day of the official campaign period, former Bayan Muna Rep. Neri Colmenares un-
derscored the urgent need to bring Bayan Muna back to Congress, citing its vital role in defending the rights and welfare of Filipinos amidst rising costs of basic goods, rampant corruption, foreign intervention, and antipoor policies.
If elected, Bayan Muna will prioritize lowering the cost of basic goods and services, advocating for a P33,000 monthly minimum wage for public sector employees and a P1,200 daily minimum wage for private workers, and fighting graft and corruption.
Akbayan Partylist officially launched its 90-day election campaign, committing to advocate for the equal protection of all Filipinos under the law.
For the law to be fair, lawmakers must be honest. At Akbayan Partylist, we guarantee honesty and a commitment to fight for your welfare, said First Nominee Atty. Chel Diokno. He criticized the infighting among top officials, saying it has left ordinary Filipinos neglected.
After the event, Akbayan nominees attended a mass alongside former Vice President Leni Robredo, Senator Risa Hontiveros, and former Senators Kiko Pangilinan, Bam Aquino, and Leila De Lima. They affirmed their shared commitment to justice and democracy.
Gabriela Women’s Party launched its LABAN platform for the 2025 elections, presenting a comprehensive agenda to address Filipino women’s needs amid the deepening economic crisis.
“Our LABAN platform reflects the aspirations of Filipino women for real change—from ensuring food security to advancing women’s rights,” said Gabriela First Nominee Former Rep. Sarah Elago.
Former Rep. Antonio Tinio kicked off ACT Teachers Partylist’s 2025 campaign in Quezon City, emphasizing their dedication to teachers and the education sector.
“Our public school teachers face the greatest challenges in urban poor communities, where poverty directly affects education,” Tinio said during his house-tohouse campaign in Payatas.
native to Japan, which is more expensive this time of the year.”
The sumptuous Chinese dishes are also a major reason to visit Hong Kong; she grew to love the cuisine “since we’ve be going there since we were young. [The sights are also] very familiar.” These days, it’s a destination where she and her husband Paul, can also splurge on their son, Ramon, by visiting his favorite Ocean Park and Disneyland, without breaking the bank.
Villamin’s reasons for visiting Hong Kong are probably the same as other Filipinos’s, who keep returning to the destination, having discovered it as more than just the shopping capital of Asia it was known for in the 1980s and 1990s. This is why Hong Kong topped the list of Filipinos’ preferred outbound destinations in 2024, according to data from the Department of Tourism (DOT).
60% prefer Asia OF the 6.85 million outbound Filipino travelers last year, 886,771 went to Hong Kong; 789,157 to Japan; and 759,219 to Singapore. The Japan government recently confirmed the surge in Filipino travelers to their country, such that it has advised visa applicants to send in their applications at least two months before their intended departure. (See, “Pinoy visitors in Japan surge to over 818,666 in 2024,” in the BusinessMirror, January 24, 2025.)
Other top destinations were: the United Arab Emirates, at 463,808; Saudi Arabia at 436,243; Taiwan at 424,080; Thailand at 406,063; the United States at 345,064; and Vietnam at 216,120. Of the top 10 list, 60 percent preferred Asian destinations.
Officials from the DOT said the data was collected via the e-travel app, which the government adopted during the Covid-19 pandemic, and includes departures of overseas Filipino workers (OFW). No DOT data on outbound Filipino travelers were available for 2023, but the Bureau of Immigration (BI), in previous news statements, said over 7 million Filipinos (tourists and OFWs) traveled abroad that year Prior to the pandemic, the BI added, more than 8 million Filipinos departed for destinations outside the Philippines. In a separate interview, Rajah Travel Corp. president Aileen Clemente told the BusinessMirror that the top three destinations were popular among Filipinos, because “their marketing strategies, both traditional and creative, are very sound, consistent and appealing.”
Also, Hong Kong, Japan, and Singapore, are “relatively affordable for the seamless and well-curated experiences you expect to get. Gastronomy still remains as the number one draw, followed by shopping, and sights/activities.”
Travel surged in December LASTLY, as travel hubs, she said, “There are several flights going to these destinations, from low-cost carriers to airlines offering businessclass travel.” The DOT data also showed, the largest bulk of outbound Filipino travelers left during the last three months of 2024, starting with 595,338 in October; 600,248 in November; and peaking in December at 655,640. The travel pattern indicates that most Filipinos take advantage of long holidays like school term breaks, the HalloweenAll Saints’ Day/All Souls’ Day holiday, and the Christmas-New Year vacation period.
July was also a major reason for Filipinos to travel abroad as 597,085 left the country that month, as most students began the new 2024-2025 school year in August.
Pilgrimages to the Holy Land have also been popular among many Filipinos, most of them Roman Catholics. Last year, close to 17,000 Filipinos traveled to Israel (8,406) and Jordan (7,867), which are the main destinations included in these Holy Land or Bible travel packages. January and July were the main months for such pilgrimages.
House prosecutors say case vs Sara ‘solid’
By Jovee Marie N. dela Cruz @jonlmayuga
THE 11-member House of Representatives’ Prosecution Panel claimed on Tuesday that the impeachment case against Vice President Sara Duterte is already solid, even without submission of her bank records to the Senate, acting as the impeachment court.
House Assistant Majority Leader Pammy Zamora, a key member of the Impeachment Secretariat and one of the leaders of the House’s Young Guns, assured the public that the House prosecution team
Senator tells DOTr, local govts: Make access for PWDs easier
By Butch Fernandez @butchfBM
SEN. Sherwin Gatchalian on Tuesday reminded authorities to ensure persons with disabilities (PWD) have easier access to the public transport system to enable them to actively engage in their communities and contribute meaningfully to society.
While Gatchalian has been calling out individuals who exploit fake or irregularly issued PWD identification cards for personal gain, he stressed the equally important need to ensure that genuine PWDs receive the benefits intended for them, and one key area of concern is access to public transportation.
“My office has been receiving numerous complaints from PWDs who struggle to access public transportation,” Gatchalian said, adding that PWDs face significant challenges, such as difficulties with ramps that provide access to transport.
He pointed out that inadequate transport infrastructure exacerbates these issues and makes mobility harder for PWDs.“ Madalas hindi raw sila nakakasakay ng MRT o LRT, lalo na kung sira ang escalator o elevator na magdadala sa kanila papunta sa platform. Pati raw sa mga jeep, minsan hindi sila naisasakay dahil
mabagal silang kumilos ,” he said. He emphasized the need for the Department of Transportation (DOTr) to adopt a design standard that ensures easy access to both existing transport systems and those still under development.
“Local governments should also adopt policies to make their cities more PWD-friendly.”
Gatchalian pointed out that nearly 30 years after the enactment of the Magna Carta for Disabled Persons, or Republic Act 7277, in 1992, PWDs continue to face difficulties in accessing public transport and other public infrastructures. He stressed that the rights of PWDs must be enforced.
“The Magna Carta for PWDs should be fully and effectively implemented, not only for the benefit of PWDs but also for the elderly, parents with young children, pregnant women, and others who face physical challenges in accessing public transport systems,” said Gatchalian.
“Without proper access to public transport, PWDs would struggle to access essential services like education and healthcare, which are vital for them to live meaningful lives,” he added.
According to the National Council on Disability Affairs, the total number of registered PWDs as of January 8 this year is 1.9 million.
Power coop execs running for public office not deemed resigned–Court
Thas already gathered substantial evidence across multiple Articles of Impeachment.
However, Zamora, who represents Taguig City, said that financial records, if secured, would serve as further proof of the money trail.
“The prosecution team is ready to present a strong case, even without the bank records. The evidence we have right now is compelling and backed by documents, testimonies, and official records,”
Zamora said. “But if we can secure the Vice President’s financial records, it will be the icing on the cake—a definitive, undeniable piece of evidence that will speak for itself, supporting several of the articles of impeachment.”
Zamora emphasized that the impeachment case against Duterte is not a speculative endeavor but
a meticulously constructed legal case based on verified facts.
She said House prosecutors already secured official documents exposing alleged irregularities in both the OVP and DepEd’s confidential funds.
Zamora said they also collected testimonies linking questionable transactions to alleged improper fund disbursements and established a timeline showing alleged inconsistencies in how public money was allocated and spent.
She said the prosecutors also coordinated with financial oversight agencies such as the Commission on Audit (COA) to track fund movements.
Dots connected “OUR case does not depend on a
single piece of evidence. We have already connected the dots. The financial records, if obtained, will simply validate and confirm what the documents and testimonies have already revealed,” she explained.
While underscoring the strength of their case, Zamora insisted that subpoenaing Duterte’s bank records remains a critical step—not because the case lacks merit, but because public officials must be fully transparent about their finances.
She stressed that impeachment is an exception to the Bank Secrecy Law or Republic Act 1405, making financial records accessible as evidence. She cited the 2012 impeachment trial of the late Chief Justice Renato Corona, where bank records played a crucial role
in securing his conviction and removal from office.
“The question is simple: If there is nothing to hide, why resist transparency? The Bank Secrecy Law does not apply in impeachment cases, and we trust that the Senate, when it convenes, will see the necessity of making these records available,” Zamora said.
Zamora reassured the public that the House prosecution team is fully prepared for trial and that the Senate, acting as an impeachment court, will be presented with all necessary evidence. Senate President Francis Escudero said that the impeachment trial of Duterte will start only after President Marcos delivers his fourth State of the Nation Address (Sona) in July.
‘Chinese research vessel constantly monitored’
By Rex Anthony Naval
ARANKING Navy (PN) officer on Tuesday said the Chinese Research Vessel (CRV) Lan Hai 101 was under constant monitoring as it passed through the country’s waters. This was stressed by the Navy spokesperson for the West Philippine Sea (WPS), Rear Adm. Roy Vincent Trinidad in a press
briefing Tuesday.
He also added that CRV Lan Hai 101 originated from Port Klang, Malaysia, and was detected on the country’s waters on February 9.
“The ship was spotted last Sunday afternoon by our monitoring station in Balabac Island. She was challenged. She replied according to protocols. We continuously tracked the ship and when it got
to Coron and the northern part of Palawan all the way to Lubang Island, it was again challenged. It again replied according to established protocols. As of this time, it will be approximately west of Subic Bay,” Trinidad said. And the good thing for now, the Navy official stressed is that the Philippines can now conduct enhanced monitoring of such incidents.
‘Serve the people, protect the environment’
By Jonathan L. Mayuga @jonlmayuga
AS the three-month campaign period started on Tuesday, the environmental group BanToxics urged the candidates to “serve the people and protect the environment.”
“Election season is here again, and soon, we’ll be hearing politicians declare their commitment to the people and the nation. But a leader who is truly dedicated to public service must also stand for environmental protection,” the group said in a statement.
BanToxics said, candidates should prioritize a strong environmental agenda in their electoral platforms.
the public from climate change-induced disasters and exposure to toxic chemicals. Candidates must recognize that environmental issues are not separate from public welfare—they directly impact health, livelihoods, and future generations,” BanToxics Campaign and Advocacy Officer Thony Dizon said in a statement.
Dizon added that one immediate step candidates can take to demonstrate their commitment to the environment is to be responsible in the use of campaign materials.
He echoed the recent call of the Commission on Elections to opt for biodegradable materials and minimize waste during the election season.
The resolution emphasized that “globally, the production and use of plastic have significant effects on the environment, including the destruction of marine ecosystems, harm to wildlife, and risks to human health.” It added, “From campaign activities to voting, the environmental impact of electoral processes extends far beyond the ballot box, encompassing resource depletion, pollution, and waste generation.”
“We could now track. We are now more vigilant when it comes to monitoring any intrusions, whether authorized or unauthorized, within our archipelagic waters,” Trinidad said. Trinidad estimated that CRV Lan Hai 101 will be out of the Philippines’ northern exclusive economic zone by Wednesday early if it maintains its present course and speed of 12 knots.
SC seat vacated in June
THE Judicial and Bar Council (JBC) has announced the opening for application or recommendation for the Supreme Court (SC) post that will be vacated by Associate Justice Mario Lopez upon his compulsory retirement on June 4, 2025.
Lopez’s retirement will open the door for President Marcos’ first appointee in the SC since his assumption in 2022. The JBC said the deadline for the online submission of applications or recommendations is at 4:30 p.m. on March 28, 2025. The JBC is a constitutionallycreated body tasked to screen nominees and applicants to the judiciary.
The Constitution also mandates the JBC to screen and submit to the Office of the President a shortlist of nominees for appointment to fill in vacancies in the judiciary.
By Joel R. San Juan @jrsanjuan1573
The SC ruled that in mandating the officers of electric cooperatives be deemed resigned upon the mere filing of their certificate of candidacy, NEA expanded its charter under Presidential Decree 269 and exceeded its authority to implement the law.
It held that NEA cannot use Section 21 of its charter as blanket authority to demand that the officers of ECs be deemed resigned upon filing of their COCs.
The said provision declares elective officers of the government, except barrio captains (barangay chairmen) and councilors, ineligible to become officers and directors of any cooperative.
“A plain reading of Section 21
HE Supreme Court has declared as unconstitutional a provision in the memorandum issued by the National Electrification Administration (NEA) which declared that officers of electric cooperatives (ECs) are deemed resigned upon the mere filing of their certificates of candidacy (COCs) for local and national elections. In a 10-page ruling written by Associate Justice Japar Dimaampao, the Court’s Third Division denied the petition filed by NEA through its administrator Edgardo Masongsong seeking the reversal of the Court of Appeals’ September 5, 2016 decision and June 9, 2017 resolution which affirmed the unconstitutionality of Section 2 of Memorandum 2012-2016, or the “Guidelines in the Candidacy of EC Officials and Employees in the 2013 National and Local Elections. The said provision specifically states that “EC officials who shall file their Certificates of Candidacy, thus, officially signifying that they would run for public officeposition in either the local or national election shall be considered automatically resigned from their respective positions…”
See “Power coop,” A4
These include tackling the waste crisis and reducing plastic pollution, protecting the public from hazardous chemicals in consumer products and industrial activities, and safeguarding natural resources through forest conservation and responsible mining, among other key measures.
“Protecting the environment is synonymous with protecting
Comelec Resolution 11111 states that parties and candidates are encouraged to use recyclable and environmentally friendly materials in their campaign and election propaganda. They are also urged to avoid materials containing hazardous chemicals and substances, as stated in Section 7 of Comelec Resolution 11086.
Dizon also reminded candidates to refrain from posting campaign materials on trees, in line with Republic Act 3571. The law prohibits the cutting, destroying, or injuring of planted or growing trees, flowering plants, shrubs, or other vegetation of scenic value along public roads, plazas, parks, school premises, and other public spaces.
BanToxics is set to release its own set of environmental agendas throughout the election period to guide candidates in integrating environmental protection into their platforms and to raise public awareness of pressing ecological issues that need urgent action.
DOE reports banner year for RE
THE country added 794.34 megawatts (MW) of new renewable energy (RE) capacity last year, the highest RE installation to date and even exceeding the combined 759.82 MW of RE capacity installed from 2021 to 2023.
“The unprecedented growth in renewable energy capacity last year is a testament to the effectiveness of the government’s renewable energy policies and the unwavering commitment of the administration of President Marcos to chart a more self-reliant energy future for the Philippines,” Energy Secretary Raphael P.M.
Lotilla said.
Data from the agency indicate that RE capacity in 2021 stood at 230.10 MW; 328.18 MW in in 2022; and 201.54 MW in 2023.
Additionally, the Net-Metering Program contributed around 141 MW from 2015 to 2024, while renewable energy projects for ownuse from 2009 to 2024 generated at least an additional 252 MW. The DOE said these capacity additions have helped strengthen grid reliability and resilience. This achievement can be credited to strong policy reforms, streamlined regulatory processes, and the government’s steadfast commit -
ment to advancing clean energy, the agency said.
Investment-friendly mechanisms have also played a critical role in attracting substantial private sector participation.
The DOE cited the following key policy and regulatory enhancements that have contributed to the RE capacity addition, first on the list is the integration of all applications and permitting processes for energy projects, including renewable energy, in the Energy Virtual One-Stop Shop System. This move has improved the efficiency of application processing, allowing investors to
Lopez, who chaired the 2024 Bar Examinations, was appointed by former President Rodrigo Duterte to the SC on December 5, 2019. He finished his law studies in San Beda College where he graduated with cum laude. Before his appointment to the SC, Justice Lopez served as Associate Justice of the Court of Appeals for thirteen years. Joel R. San Juan
navigate approval procedures more seamlessly. Additionally, the increase in the minimum annual incremental renewable energy requirement from 1 percent to 2.5 percent starting 2023 for grid-connected mandated participants or the Renewable Portfolio Standards has led to a stronger demand for renewable energy, encouraging more capacity to be added to the grid. Factors such as declining technology costs have also contributed to RE capacity addition, as the significant decrease in the cost of solar panels – driven by economies of scale and technological advancements – has made renewables more competitive
See “RE,” A4
DA slashes rice prices
Group sees further decline in fish catch
TBy Ada Pelonia @adapelonia
HE Department of Agriculture (DA) cut rice prices sold under its Rice-for-All program starting Wednesday.
Agriculture Secretary Francisco
Tiu Laurel Jr. said prices under its Rice-for-All program would be lowered by as much as P3 per kilo, with varying costs depending on the variety of the broken grain.
The 5 percent broken rice variety will be priced at P43 per kilo from the current P45 per kilo; 25 percent at P35 per kilo from P38 per kilo; and 100 percent at P33 per kilo from P36 per kilo.
The DA said this price reduction reflects a drop in global prices of the staple grain and an increase
in domestic supply amid the local harvest season.
Laurel also noted that the maximum suggested retail price (MSRP) for imported rice will be lowered to P52 per kilo from the present P55 per kilo starting February 15 as part of efforts to further stabilize the rice market.
He added that the MSRP’s coverage will also be expanded nationwide from the current Metro Manila reach on the same day while it will be further reduced to P49 per kilo by March 1.
“This gradual approach aims to mitigate potential market disruptions,” he said.
The agency noted the price reductions align with global trends in the rice market and the President’s decision to slash rice tariffs to 15 percent from 35 percent under the Executive Order (EO) 62.
Despite the easing of rice prices in the world market, Laurel assured farmers that the National Food Authority (NFA) would procure palay from local farmers at a price range of P21 to P23 per kilo to ensure fair compensation for their harvests.
He also noted that the grains agency has sufficient funding to support farmers and uphold its mandate, which should now maintain a buffer stock enough to cover 15 days of national rice consumption from the previous nine-day requirement as stipulated under the amended Rice Tariffication Law (RTL).
Meanwhile, Laurel noted that President Marcos’ economic managers will soon review the EO 62 to assess whether rice tariff needs to be adjusted.
He said, however, that he is only inclined to recommend a revision of the current tariff level if retail prices of imported rice ease to the P42 to P45 per kilo range.
Aside from rice, Laurel also said that the DA is looking at implementing an MSRP on pork to curb alleged profiteering, with a prospective decision by endFebruary.
He noted the “excessive gap” between farmgate and retail prices, adding that a retail price of P400 per kilo or higher is “unreasonable” as current farmgate price stood at P240 to P250 per kilo.
“We are conducting a thorough analysis of the pork value chain. If evidence of profiteering emerges, we will not hesitate to institute an MSRP for pork.”
Meralco to charge to higher rates in February
By Lenie Lectura @llectura
FEBRUARY electricity rates are going up by P0.2834 per kilowatt hour (kWh), bringing the overall rate for a typical household to P12.0262 from the previous month’s P11.7428 per kWh. For residential customers with a consumption of 200 kWh, this translates to an increase of around P57 in their total electricity bill this month; P85 for 300kWh , P114 for 400kWh, and P144 for 500kWh.
The Manila Electric Company (Meralco) said on Tuesday that the rate hike was brought about by higher generation charge during the January supply month, or an increase of P0.3845 per kWh, due to higher costs from Independent Power Producers (IPPs) and Power Supply Agreements (PSAs). IPP charges went up by P0.8355 per kWh due to lower average plant dispatch, weaker Peso, and higher liquefied natural gas (LNG) terminal fees of First Gas
Sta. Rita and San Lorenzo. Also, Quezon Power went on scheduled maintenance outage in January in accordance with the Grid Operating and Maintenance Program approved by the Department of Energy.
Meralco explained that the Peso depreciation against the dollar affected 97 percent of IPP costs that were dollar denominated. The depreciation of the Peso, which affected 61 percent of PSA costs, also pushed up PSA charges by P0.0837 per kWh.
Tempering these increases were lower charges from the Wholesale Electricity Spot Market (WESM) by P0.3005 per kWh. Both average and peak demand in the Luzon grid were lower by 585 MW and 803 MW, respectively, offsetting the impact of the 612 MW increase in average capacity on outage. IPPs, PSAs, and WESM accounted for 29 percent, 43 percent, and 28 percent respectively of Meralco’s total energy requirement for the period. Meanwhile, transmission
charge for residential customers slightly decreased by P0.0013 per kWh. Lower ancillary service charges for January supply mitigated the impact of National Grid Corporation of the Philippines’ (NGCP) first of three-monthly collection of adjustments for February and March 2024 reserve market transactions for Luzon, following an Energy Regulatory Commission (ERC) order.
Taxes and other pass-through charges registered a net increase of P0.1289 per kWh, including the impact of higher ERC-approved Universal Charge-Missionary Electrification rates by P0.0171 per kWh.
This month’s rates also reflected a one-time downward rate adjustment of P0.2264 per kWh and another downward adjustment of P0.0023 per kWh, both related to regulatory reset fees adjustments, also ordered by the ERC.
Pass-through charges for generation and transmission are paid to the power suppliers and the grid operator, respectively, while taxes, universal charges,
Continued from A3
yields the inevitable conclusion that candidates for elective posts are not among those disqualified to be members of electric cooperatives,” the SC said.
“Indeed, there is substantial distinction between a mere electoral candidate and an elected official of government. The former has no public authority or political leverage whatsoever to speak of compared to the latter,” it added.
and Feed-in Tariff Allowance (FIT-All) are all remitted to the government.
Meralco’s distribution charge, on the other hand, has not moved since the P0.0360 per kWh reduction for a typical residential customer in August 2022.
In preparation for the upcoming summer months, when energy demand usually spikes upward, Meralco reminded its customers to continue practicing energy efficiency to better manage their electricity consumption.
“We reiterate our call to all our customers to continue practicing energy efficiency as way of life, especially with the upcoming summer months,” Meralco Vice President and Head of Corporate Communications Joe R. Zaldarriaga said.
As part of the preparation for the summer months when demand is at its peak, Meralco utility economics head Lawrence Fernandez said the company is looking at trying to replace the capacity from previous power supply agreements that will expire this year.
Likewise, the SC said Section 2 of the NEA memorandum is invalid for violating the Omnibus Election Code and the NEA Charter.
The Court explained that under the Omnibus Election Code, automatic resignation upon filing of COCs applies only to persons holding public appointive positions, including active members of the Armed Forces (AFP) and officers and members of government-owned or -controlled corporations (GOCCs).
The SC clarified that electric
ENVIRONMENT group
Oceana warned of a further decline in fisheries output if commercial fishing vessels were allowed to operate in municipal waters.
Preliminary data from the Philippine Statistics Authority (PSA) showed that fisheries production fell by 5 percent to 4.05 million metric tons (MMT) in 2024, the lowest in two decades.
The marine protection organization noted this as “highly disturbing,” especially if the Supreme Court resolution upholding the decision of the Regional Trial Court in Malabon that allowed commercial fishing in municipal waters become final and executory.
“Illegal commercial fishing inside municipal waters and overfishing have long plagued Philippine waters, depleting fish stocks and degrading marine ecosystems. These practices threaten biodiversity and can trigger the collapse of essential fish populations,” Oceana Vice President Gloria Estenzo Ramos said in a statement.
“The unabated exploitation of these resources and often aggressive and destructive, and illegal fishing practices of commercial fishing operators endanger the future of our fisheries and the communities that rely on them,” she added.
The High Court earlier upheld a decision by the RTC in Malabon that declared the preferential access given to small-scale fishers
RE. . .
Continued from A3
with fossil fuels. To maximize the benefits of these RE capacity additions and prevent stranded power generation, the DOE is continuously monitoring critical transmission line projects to ensure they are completed on schedule and can support the integration of additional renewable capacity.
Further, the DOE is working with the Bangko Sentral and multilateral agencies to explore the use of innovative financing instruments that support
cooperatives are private entities engaged in public service as electric distribution utilities.
While they are regulated by the NEA, the SC said ECs are not government agencies and cannot be classified as GOCCs, as they are owned and controlled by their member-consumers, not the government.
“While electric cooperatives are vested with functions serving public needs, their compositions are limited to their respective members-consumers,” the SC said.
This ruling stemmed from
to fish in the 15-kilometer municipal water from the shoreline as unconstitutional and allowed the Mercidar Fishing Corp. to operate in waters seven fathoms or deeper.
The 1987 Constitution, Local Government Code, and amended Fisheries Code mandate preferential access to municipal waters for artisanal and municipal fishers to protect their right to food and livelihood security.
“Legitimizing illegal commercial fishing in the reserved 15-kilometer zone for artisanal fisherfolk poses grave consequences for artisanal fishers, who will unfairly compete with technologically advanced equipment and more efficient fishing gears of commercial fishing vessels,” Ramos said.
“The daily catch of municipal fisherfolk, which sustains their families and local markets, is at risk of significant reduction, pushing many into economic hardship and hunger.”
Meanwhile, Oceana noted that several groups and government officials including 50 members of the Catholic Bishops Conference of the Philippines (CBCP), local government officials, and lawmakers have opposed the decision.
“We need to fully enforce the laws to ensure that our fisheries rebound and the rights of subsistence fisherfolk are upheld against the profit-seeking interests of commercial fishing operators,” Ramos said. Ada Pelonia
environmentally sustainable projects, including renewable energy, energy efficiency, climate adaptation, and other lowcarbon solutions. Moreover, the DOE is conducting investment promotions overseas to attract foreign investments.
“This milestone underscores our collective determination to accelerate the clean energy transition. With sustained collaboration, strategic investments, and policy support, we are confident in achieving our target of increasing the renewable energy share in the power generation mix to 35 percent by 2030 and 50 percent by 2040,” Lotilla added. Lenie Lectura
a case filed by Oscar C. Borja and Venancio B. Regulado, then members of the Board of Directors of Camarines Sur Electric Cooperative (Casureco) II challenging the validity of of Section 2 of the NEA memorandum. Borja ran for mayor of Bombom, Camarines Sur, while Regulado sought a seat in the Canaman municipal council. They challenged the validity of Section 2 of the NEA memorandum before the Regional Trial Court (RTC), which ruled in their favor, which was later affirmed by the CA.
7,000 beneficiaries receive DHSUD’s shelter aid in 2024
By Bless Aubrey Ogerio
THE Department of Hu -
man Settlements and Urban Development (DHSUD) provided financial assistance to 7,000 beneficiaries in 2024 under its Integrated Disaster Shelter Assistance Program (IDSAP), Housing Undersecretary Randy Escolango said Tuesday, February 11.
Speaking at a housing forum as part of the agency’s sixth anniversary, Escolango said most recipients were from Region IV-A, with aid distribution continuing this year.
“[February 10], nagbigay tayo sa 500 families and [February 12], another 500 families. Makakatanggap sila ng tig -30,000, ngayong 2025 pa lang yan ,” he said. “Nitong January, itong Region IV-A pati sa Mindoro, madami tayong nabigyan dyan.”
To speed up the process, Escolango explained that once information was received and validated by the central office, funds were released immediately.
“Kapag umakyat na yung validated info from regional offices, pagdating sa central office, 1-2 days ibababa na namin yung pondo,” he said. He also stressed that both local government units (LGUs) and key shelter agencies must take an
Higher. . .
Continued from A1
Thailand followed with (6.2 percent weighted average tariff on US exports to Thailand versus 0.9 percent on Thailand’s exports to US); China (7.1 percent versus 2.9 percent), and Philippines (3.3 percent versus 1.4 percent).
More granular analysis
GEORGE N. Manzano, Former Philippine Tariff Commissioner, however, explained to the BusinessMirror that to fully assess the impact of reciprocal tariffs, “A more granular analysis at the product level is necessary.”
To better gauge the impact of reciprocal tariffs on goods originating from Asian countries, Manzano said it would be better if tariffs would be examined at the six-digit or eight-digit HS levels.
“If the United States were to impose reciprocal tariffs on imports from these Asian economies, the impact would depend on the actual tariff rates applied. However, Nomura’s tariff calculations are based on the two-digit HS code, which is highly aggregated, combining products with both high and low tariff rates,” the former Tariff Commissioner underscored.
“One can examine the other export interests of the Philippines to the US such as leather, vegetable, apparel, etc. Examining tariffs at the six-digit or eight-digit HS levels would provide a more precise understanding of potential trade impacts,” he further explained.
In 2023, Manzano said the Philippines’ major exports to the US were “primarily” in electronics (HS 85) and machinery (HS 84)—sectors which he noted “face zero tariffs in the US market at the two-digit HS level.” Conversely, he noted, the Philippines’ Most Favored Nation (MFN) tariff rates for these key exports remain low: Both HS 85 and 84 have an average MFN tariff of 1 percent.
active role in ensuring efficient aid distribution. “Hindi lamang LGU ang proactive dito, dapat pati rin ang DHSUD,” he said. In November last year, the housing department directed its regional offices to coordinate closely with communities following a series of typhoons that battered the country.
Initially, the program granted P15,000 only to families with totally damaged homes. However, DHSUD said that it later recognized the need to expand coverage to those with partially damaged houses, leading to adjustments in aid allocation.
“ Na realize ng DHSUD na mas marami ang partially damaged, at tsaka dito tinaasan yung totally damaged at binigyan ng amount yung partially damaged,” Escolango said. Under IDSAP, families with partially damaged homes receive P10,000, while those with totally damaged homes get P30,000. To qualify, beneficiaries must submit a form with a valid ID and be included in the master list of affected families provided by the LGU.
Local officials are also required to submit a certificate of eligibility and a disaster report to verify the damage.
Escolango assured that as long as government funds are available and the request is valid, families can apply for IDSAP assistance multiple times if need needed.
Senate rules clash may render VP Duterte’s impeachment proceedings useless–Sotto
By John Eiron R. Francisco
FORMER Senate President and senatorial candidate
Vicente “Tito” Sotto raised concerns about conflicting Senate rules that could impact the continuity of the impeachment process against Vice President Sara Duterte.
Speaking at a press conference in Laoag, Ilocos Norte, ahead of the first proclamation rally of Marcosbacked candidates under Alyansa Para sa Bagong Pilipinas, Sotto responded to Senate President Francis “Chiz” Escudero’s recent statement that the impeachment trial of the Vice President would likely start under the 20th Congress, once a new set of 12 senators is elected in the May 2025 midterm elections.
Sotto, who previously served as Senate Majority Leader, empha -
sized that according to the Senate’s impeachment rules, once a trial begins, it “shall continue until a final judgment is rendered,” regardless of whether Congress or the Senate adjourns.
However, he pointed out that under the Senate’s legislative rules, all pending matters—including impeachment—automatically terminate at the expiration of a Congress. With the 19th Congress set to end on June 30, he warned that this legal contradiction could be challenged in the Supreme Court.
“One hundred percent, someone will take this issue to court. Since this is a justiciable issue, the Supreme Court may have to decide whether the trial can continue or not,” Sotto said.
If the Supreme Court rules that the impeachment trial cannot proceed beyond the current Congress,
Sotto noted that all Senate actions leading up to June 30 would be rendered useless.
“Upon the impeachment itself, always observe impartiality. Walang kai-kaibigan. Walang kapartido [No political bias or political influence],” he concluded.
On Monday, Escudero announced that the impeachment trial of Vice President Duterte is scheduled to begin after President Ferdinand “Bongbong” Marcos Jr.’s fourth State of the Nation Address (SONA) on July 28, 2025.
Escudero also noted that the House of Representatives has the option to withdraw the impeachment complaint following the elections and before the 20th Congress officially convenes. He further emphasized that the Senate will not call for a special session to convene as an impeachment court, meaning the process will formally begin
only after the new Congress opens. Sotto, together with his allied senatorial candidates—including former Senator Ping Lacson, former Interior Secretary Benhur Abalos, Senator Francis Tolentino, former Senator Manny Pacquiao, Makati Mayor Abby Binay, Deputy Speaker Camille Villar, ACT-CIS party-list Rep. Erwin Tulfo, Senator Bong Revilla, Senator Pia Cayetano, Senator Lito Lapid, and Senator Imee Marcos—launched their proclamation rally in the north. The event drew an estimated crowd of 20,000, according to the Ilocos Norte Police Provincial Office, as the candidates took the stage to present their platforms. The slate is set to continue its campaign with a second proclamation rally on February 13 in Iloilo City, followed by events in Carmen, Davao, on February 15, and Pasay City on February 18.
PHL has scant protection vs drone attacks–senator
SBy Butch Fernandez @butchfBM
ENATOR Raffy Tulfo, conveying a serious national concern, divulged what he described as his view “over the vulnerability of the country’s airports and military installations to drone attacks.”
At a public hearing conducted by the Senate Committee on Public Services Tuesday, February
Asian products at risk of tit-for- tat tariffs
BY product category, Nomura said two sectors stand out in terms of the risk of being subjected to reciprocal tariffs: agricultural products and transportation.
“High tariffs on the agriculture sector are common in most developing Asian economies, for both economic and political reasons, which makes it a tougher sector for governments to negotiate on,” said the Japan-based think tank.
For the transportation sector, which includes Asia’s exports of motor vehicles, Nomura said this “has a scope for compromise,” adding that Asian policymakers could end up lowering their domestic tariff rate for these products.
Outside agriculture and transportation, other sectors with higher relative tariff rates in Asia include: India (textiles, footwear and chemicals), China (textiles), Philippines (plastic and rubber) and Thailand (footwear and miscellaneous manufacturing).
Data obtained by the BusinessMirror which was processed by the Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB), showed that electrical machinery and electronic equipment accounted for the largest share of Philippine shipments to the US in 2024, with $6.5 billion in export revenues, or a 53.64 percent share of the country’s $12.12-billion merchandise exports to US.
Data from Nomura showed the weighted average tariff rate based on two-digit HS code of this product is minimal at 0.2 percent, hence being less exposed to high reciprocal tariffs.
Nomura explained, however, that it is still unclear whether US President Donald Trump will impose higher reciprocal tariffs on a “sectoral basis” or an “across-the-board” tariff as an opening bid.
“If Trump takes a sectoral approach, then even countries with lower weighted average tariff rates could be subject to higher tariffs in specific sectors,” Nomura explained.
“Because both the Philippines and the US are members of the Information Technology Agreement [ITA], tariffs on electronic products are either very low or duty-free under the agreement,” the former Philippine Tariff Commissioner explained. Nomura’s study indicates that the tariff differential between the US and the Philippines for machinery and electronics—which account for the largest share of Philippine exports to the US at the two-digit HS level—is minimal at 0.2 percent.
Cambodia. . .
Continued from A1
To help facilitate such partnerships, the Board of Investments and the Council for the Development of Cambodia on Investment Promotions signed a Memorandum of Intent (MOI).
“I am confident that through this engagement, we will see more Filipinos investing in Cambodia, and more Cambodians investing in the Philippines,” Marcos said.
In anticipation of their increased trade, the Philippines and Cambodia signed MOUs on the Elimination of Double Taxation on Income and the Prevention of Tax Evasion, as well as on
Information and Communications Technology (ICT) and Government Digital Transformation. When it comes to people-to-people exchange, both countries signed MOUs on Technical Vocational Education and Training and Tourism Cooperation.
Hun Manet said he hopes Marcos can persuade Philippine carriers to open more routes to Cambodia to increase the travel of workers and tourists between the two countries.
“Tourism and connectivity are crucial for promoting people-to-people exchange,” the Cambodian leader said.
Regional security MARCOS said he is also looking forward to a
11, 2025, he asked the Civil Aviation Authority of the Philippines (CAAP) if drone counter measures had been set in place to safeguard military installations and the airports from drone bomb attacks. Recalling that “drones had been used in the Russian-Ukraine war and there is a possibility that terrorists will use drones here for a specific target,” the senator said., warning that means: “So, nobody is safe.”
“Do we have anti-drone measures in our airports installed 24/77 7?” Tulfo asked. Capt. Ian Michael Del Castillo, head of the CAAP-Aerialworks Certification and Inspection Division (AWOCID) Flight Operations Department, replied that airports have no anti-drone measures at the moment because the technology involved is “too expensive.”
For instance, he said one
subscription-based anti-drone cost $1 million a month. Castillo told Tulfo that CAAP is currently studying other options. As technology progresses, Castillo pointed out, prices tend to go down.
Under CAAP regulations, operating drones within the 10-kilometer aerodrome radius of an airport is strictly prohibited. Drones are also prohibited from flying above 120 meters.
Sulu schools superintendent shot dead; DepEd condemns attack
By Claudeth S. Mocon-Ciriaco @claudethmc3
THE Department of Education (DepEd) condemned the killing of Dr. Sonatria D. Gaspar, Assistant Schools Division Superintendent of Sulu, calling the incident as an attack on the education system.
“This has no place in our learning spaces, in our communities, and in our society,” the DepEd said as Education Secretary Juan Edgardo “Sonny” Angara extend condolences
to the family of Gaspar who was shot on Friday at the entrance of DepEd Compound located at Bonifacio St., San Raymundo, Jolo, Sulu.
Gaspar was declared dead on arrival after she was rushed to the hospital. She was shot on the head by unidentified gunman who remains at large.
Jolo Municipal Police Station reported that two empty shells of caliber .45 pistol were recovered from the crime scene.
“Dr. Gaspar’s enduring commitment and service inspired
thousands of learners and countless colleagues. Her senseless passing robs us of her contributions. This violence steals futures of potential impact, leaving an absence that will be profoundly felt,” the DepEd said.
Following the incident, the DepEd has committed to the safety, security, and protection of the educators, wherever they are in the country.
“We join our colleagues in BARMM [Bangsamoro Autonomous Region in Muslim
167th Malasakit Center opens in Tamparan, Lanao del Sur
THE country’s 167th Malasakit Center officially opens at Tamparan District Hospital in Tamparan, Lanao del Sur, on Monday, February 10. The Malasakit Centers program aims to ease the burden on poor and indigent patients who otherwise face the challenge of visiting multiple offices to seek government health assistance.
The Malasakit Centers program was institutionalized under Republic Act No. 11463, also known as the Malasakit Centers Act of 2019, which Senator Christopher “Bong” Go principally authored and sponsored. The law mandates all Department of Health-run hospitals and the Philippine General Hospital to establish Malasakit Centers, with the option for other public hospitals to do the same if they meet the operational standards set by the law and upon assessment of DOH.
stronger cooperation with Cambodia against crime, as well as military capacity-building, following his bilateral talks with Cambodian Prime Minister Hun Manet during the latter’s state visit to the country this week.
“We also comprehensively discussed our determined efforts to combat transnational crimes and protect our communities from unscrupulous individuals who take advantage of the industrious nature and strong sense of family of our peoples,” Marcos said.
The chief executive issued the statement after thanking Cambodian King Norodom Sihamoni for granting Royal Pardon to 13 Filipinas arrested last year for engaging in surrogacy in Cambodia, where the practice is illegal.
Go, as chairperson of the Senate Committee on Health and Demography, was invited to witness the opening ceremony together with representatives from national agencies and local officials.
“AngMalasakit Center, itopo’yone-stop shop kung saan nasa loob na po ng iisang kwarto sa ospital ang apat na ahensya ng gobyerno na may medical assistance programs para tulungan kayo. Hindi na po kailanganbumyahenangmalayoatpumila sa iba’t ibang opisina para humingi ng tulong pampagamot mula sa gobyerno,” Go explained.
Additionally, according to the DOH, the Malasakit Centers have collectively assisted over 15 million Filipinos since the program’s inception in 2018.
“Para sa lahat ng mga Pilipino ang
The 13 Filipinas were repatriated in December shortly after they were given the Royal Pardon. Marcos said the Philippines will support Cambodia in fighting such transnational crimes. Both countries already signed an MOU for the Prevention of Looting and Illicit Trafficking of Cultural Property in line with the said commitment.
“Rest assured we will continue to stand with you in the fight against transnational crimes and their adverse effects on our peoples and on our communities,” Marcos said.
He said the partnership between the Philippines and Cambodia militaries and uniformed services will also translate to better “regional peace and security.”
Malasakit Centers, lalo na sa mahihirap na pasyente na walang ibang malapitan kundi ang gobyerno. Pera po ninyo‘yan na ibinabalik lang sa inyo sa pamamagitan ng serbisyong tapat, at dapat na mabilis at maaasahan,” he added.
T he newly inaugurated Malasakit Center at Tamparan District Hospital is the second in Lanao del Sur, following the one at Amai Pakpak Medical Center in Marawi City. This is part of 44 Malasakit Centers operational in Mindanao, aside from the 30 in Visayas and 93 in Luzon.
As an invited guest, Go recognized the efforts of Chief Minister Murad Ebrahim, Minister of Health Dr. Kalid Sinolinding,
Mindanao] in calling for swift justice and accountability. We are in communication with her kin and colleagues for offers of assistance,” the DepEd added. Likewise, the DepEd assured that it will continue to support our counterparts in the Ministry of Basic, Higher and Technical Education to build a peaceful environment for education in the region.
DepEd has expressed optimism that Gaspar’s legacy will inspire DepEd to work towards an education free from force and fear.
Mayor Muhammad Juhar Disomimba, and other officials present, for their support in ensuring that healthcare remains a priority in their community.
Senator Go continues to push for legislation that improves access to healthcare services, particularly for indigent and underserved communities. Aside from Malasakit Centers, Go also advocated for the continued establishment of more Super Health Centers nationwide, designed to decongest hospitals by offering primary healthcare, consultations, and early detection services at the community level. So far, over 600
9.
8.
Brief
11. NARESH KUMAR
Booth Fabrication Specialist Consultant
Brief Job Description: Co-ordinates sub-contractors involved in the assembly stages. Ensures compliance with safety procedures and quality standards. Searches for the most efficient technical solutions.
12. PRINCE KUMAR Field Sales Consultant
Brief Job Description: The one responsible to “get the sale” using various customer sales methods.
13. YAMASHITA, IICHI Field Sales Consultant
Brief Job Description: The one responsible to “get the sale” using various customer sales methods.
COGNIZANT TECHNOLOGY SOLUTIONS PHILIPPINES, INC. 2nd, 3rd, And 4th Floors,
Basic Qualification: Can coordinate and interface between fabrication/installation and pre-fabrication activities .Able to speak and communicate using mandarin is an advantage .Must be willing to work on field.
Salary Range: Php 30,000 - Php 59,999
Basic Qualification: Can research accounts and generate or follow through sales leads; can valuate customer’s skills, needs and build productive long lasting relationships; can meet personal and team sales targets.
Salary Range: Php 30,000 -
Qualification: Can research accounts and generate or follow through sales leads; can valuate customer’s skills, needs and build productive long lasting relationships; can meet personal and team sales targets.
Salary Range: Php 30,000 - Php 59,999
BusinessMirror
GUANGXI HYDRO ELECTRIC CONSTRUCTION BUREAU (GHCB PHILIPPINES CORPORATION) #58, Road 1, Project 6, Quezon City
40. WANG, ZHIGAI Mandarin Construction Operations Specialist
Brief Job Description: The mandarin construction operations specialist, will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long term goals.
41. HUANG, SHUPENG Mandarin Cost Control Officer
Brief
Brief
Brief
73.
PARAÑAQUE ONLINE PALENGKE INC.
305 Mtf Building, Dr. A Santos Ave., San Isidro, City Of Parañaque
Brief Job Description: Analyzing market trends, customer preference, and activities.
76. PAVITTAR SINGH Purchasing Coordinator
Brief Job Description: Maintain accurate records of purchase, pricing and vendor agreement.
PHILIPPINE FULL DEGREE COMMUNICATIONS CORP. 18/f Yuchengco Tower 1, Rcbc Plaza, 6819 Ayala Ave., Bel-air, City Of Makati
77. WANG, KUNKUN Mandarin Customer Service
Brief Job Description: Maintains customer records by updating account information.
Qualification: Able to speak mandarin. Salary Range: Php
PWC ACCELERATION CENTER MANILA – PHILIPPINE BRANCH 11th Floor Six/neo Building, 5th Avenue Corner 26th Street Bonifacio Global City, Fort Bonifacio, City Of Taguig
78. CHAUBEY, SUNIL KUMAR Oracle Epm – Manager
Brief Job Description: Develop new skills outside of comfort zone. Act to resolve issues which prevent the team working effectively. Coach others, recognize their strengths, and encourage them to take ownership of their personal development. Basic Qualification: Bachelor’s
JALADI, KRISHNAKIRAN Oracle Scm - Senior Manager
Brief Job Description:
The World Hamas’ threat to delay release of Israeli hostages raises fears for Gaza ceasefire
JERUSALEM—Hamas’
threat to delay the next planned release of Israeli hostages from the Gaza Strip has jolted a fragile ceasefire that’s seen as having the potential to wind down the war.
It has brought new dismay for Israelis who watched the latest Hamas handover of hostages in growing horror over the weekend as the three emaciated men came into sight. Of the hostages yet to be released from Gaza under this phase of the ceasefire, Israel has said eight are dead.
The next handover of three hostages had been scheduled for Saturday, and families say time is running out for those still alive. Is -
rael now awaits what comes from a security Cabinet meeting Tuesday morning, moved up in response to Monday’s Hamas announcement.
The developments also have led to new fear in Gaza, where hundreds of thousands of displaced Palestinians have surged to what remains of their homes in the territory’s north after fleeing in the war’s earliest weeks.
The uncertainty, just over halfway into the ceasefire’s six-week
first phase, complicates talks on the far more difficult phase. It also jeopardizes the pause in the devastating fighting and the increase in humanitarian aid for Gaza that it has made possible. Already, there had been concerns that the war would resume at the end of the first phase in early March.
What happened?
HAMAS accused Israel of not holding up its end of the deal by initially delaying the return of Palestinians to northern Gaza over an earlier dispute, carrying out strikes across the territory and hindering the entry of humanitarian aid.
The militant group, which quickly reasserted control over Gaza when the ceasefire began on January 19, said the next hostage release would be delayed “until
further notice.”
Israeli Defense Minister Israel Katz called the delay “a complete violation” of the ceasefire agreement,
and he instructed the military to be on highest alert. The prime minister’s coordinator for hostages said the government intends to live up
to its end of the deal.
A later Hamas statement called the postponement a “warning signal” to Israel and noted that five days remained for mediators—the United States, Qatar and Egypt— to pressure Israel to act. “The door remains open for the exchange to proceed as planned if Israel abides by its obligations,” it said. There was no immediate public reaction from mediators.
What’s Trump saying?
THE Hamas announcement came as US President Donald Trump pressed further on his stunning proposal to remove the Palestinian population from devastated Gaza and have the US take “ownership” of the territory. He told Fox News on Sunday that the Palestinians would not have the right to return.
DISPLACED Palestinians, traveling in vehicles, wait in line to pass through a security checkpoint at the Netzarim corridor as they make their way from central Gaza to their homes in the northern Gaza Strip, Monday, February 10, 2025. AP/ABDEL KAREEM HANA
Wednesday, February 12, 2025 A10
Trump threatens aid to Jordan, Egypt to force acceptance of Gaza refugees
By Zeke Miller AP White House Correspondent
WASHINGTON—President Donald Trump will host Jordan’s King Abdullah II at the White House on Tuesday as he escalates pressure on the Arab nation to take in refugees from Gaza—perhaps permanently—as part of his audacious plan to remake the Middle East.
The visit is happening at a perilous moment for the ongoing ceasefire in Gaza as Hamas, accusing Israel of violating the truce, has said it is pausing future releases of hostages and as Trump has called for Israel to resume fighting if all those remaining in captivity are not freed by this weekend. Trump has proposed the US take control of Gaza and turn it into “the Riviera of the Middle East,” with Palestinians in the war-torn territory pushed into neighboring nations with no right of return.
He suggested on Monday that, if necessary, he would withhold US funding from Jordan and Egypt, longtime US allies and among the top recipients of its foreign aid, as a means of persuading them to accept additional Palestinians from Gaza.
“Yeah, maybe. Sure, why not?” Trump told reporters. “If they don’t, I would conceivably withhold aid, yes.” Jordan is home to more than 2 million Palestinians and, along with other Arab states, has flatly rejected Trump’s plan to relocate civilians from Gaza.
Jordan’s foreign minister, Ayman Safadi, said last week that his country’s opposition to Trump’s idea was “firm and unwavering.”
In addition to concerns about jeopardizing the longheld goals of a two-state solution to the Israel-Palestinian conflict, Egypt and Jordan have privately raised security concerns about welcoming large numbers of additional refugees into their countries even temporarily.
When asked how he’d persuade Abdullah to take in Palestinians, Trump told reporters, “I do think he’ll take, and I think other countries will take also. They have good hearts.”
The king is also meeting with top Trump administration officials during his visit, including Secretary of State Marco Rubio, national security adviser Mike Waltz, Middle East envoy Steve Witkoff and Defense Secretary Pete Hegseth. He is the third foreign leader to hold an in-person meeting with Trump since his Jan. 20 inauguration.
Trump announced his ideas for resettling Palestinians from Gaza and taking ownership of the territory for the US during a press conference last week with Israeli Prime Minister Benjamin Netanyahu.
Trump initially didn’t rule out deploying US troops to help secure Gaza but at the same time insisted no US funds would go to pay for the reconstruction of the territory, raising fundamental questions about the nature of his plan.
After Trump’s initial comments, Rubio and White House press secretary Karoline Leavitt insisted that Trump only wanted Palestinians relocated from Gaza “temporarily” and sought an “interim” period to allow for debris removal, the disposal of unexploded ordnance and reconstruction.
But asked in an interview with Fox News’ Bret Baier that aired Monday if Palestinians in Gaza would have a right to return to the territory under his plan, he replied, “No, they wouldn’t.”
All or nothing: Trump demands Israel cancel ceasefire if Hamas doesn’t release hostages
By Zeke Miller & Sam Magdy The Associated Press
WASHINGTON—President Donald Trump said Monday that a precarious ceasefire agreement between Israel and Hamas should be canceled if Hamas doesn’t release all the remaining hostages it is holding in Gaza by midday on Saturday—though he also said that such a decision would be up to Israel.
Trump was responding to Hamas saying it will delay the further release of hostages in the Gaza Strip after accusing Israel of violating the threeweek-old ceasefire. The US president said that after the freeing of three visibly emaciated hostages on Saturday it was time for Israel to demand the release of all hostages by noon on Saturday, or restart the war. “If they’re not here, all hell is going to break out,” Trump said. He added of the ceasefire, “Cancel it, and all bets are off.”
Trump said the final decision would be up to Israel, saying, “I’m speaking for myself. Israel can override it.” But asked if the US would join in a response to Hamas if hostages weren’t freed, Trump added, “Hamas will find out what I mean.” Those comments came after Trump said in an interview with Fox News Channel that Palestinians in Gaza would not have a right to return under his plan for US “ownership” of the war-torn territory—contradicting other officials in his administration who have sought to argue Trump was only calling for the temporary relocation of its population.
Less than a week after he floated his plan for the US to take control of Gaza and turn it into “the Riviera of the Middle East,” Trump, in an interview with Fox News’ Bret Baier airing Monday, said “No, they wouldn’t” when asked if Palestinians in Gaza would have a right to return to the territory. It comes as See “Trump,” A11
www.businessmirror.com.ph
Trump reinstates taxes on foreign steel, aluminum, a strategy that previously backfired in his first term
By Paul Wiseman Ap Economics Writer
WASHINGTON—President
Donald Trump is hitting foreign steel and aluminum with a 25 percent tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term.
Trump’s original metals tariffs gave America’s struggling steel and aluminum producers some relief from intense global competition, allowing them to charge higher prices. In anticipation of the new tariffs, shares of steel and aluminum producers climbed Monday. Nucor rose 5.6 percent, ClevelandCliffs jumped 17.9 percent and Alcoa ticked up 2.2 percent.
But the tariffs took a toll last time, too, damaging US relations with key allies and driving up costs for “downstream’’ US producers that buy steel and aluminum and use them to manufacture goods.
company’s profit margins were squeezed, and it ended up losing business to European rivals that didn’t have to contend with the fallout from Trump’s steel tariffs.
The overall economic impact on the United States was limited then – and is likely to be limited again—because steel and aluminum imports amount to barely a ripple in the almost $30 trillion US economy.
flooded the world with steel and kept prices low, hurting steelmakers in the United States and elsewhere. But the US already uses trade barriers to keep out all but a trickle of Chinese steel. China accounted for less than 2 percent of US steel imports last year, making it the No. 10 supplier of steel to the US, according to the American Iron and Steel Institute, a trade group.
the tariffs allowed US steelmakers to raise prices and encouraged them to keep mills running and to invest in new capacity.
imports, were costly to American industry.
“The net effect of all these tariffs at that time—on China, aluminum, steel, plus retaliation—was to reduce US manufacturing unemployment,’’ he said. “I’m expecting the same thing this time around.’’
“We were significantly impacted,’’ he said. “The challenges we faced were unprecedented—rapid inflationary impacts from domestic steel producers. We saw steel prices rise within a few months about 70 percent over what they had been ... Our (steel) suppliers simply broke contracts and gave us an option: Take this or take nothing.’’
But Mitchell Metal Products was locked into contracts with its own customers—a wide range of businesses from furniture makers to telecommunications firms— that didn’t allow it to pass along all or part of the higher cost. His
Timothy Zimmerman is CEO of one of those downstream companies: Mitchell Metal Products in Merrill, Wisconsin. And he still has bad memories of those times.
EU warns of trade war risks; vows strong response to US steel and aluminum tariffs
By Raf Casert The Associated Press
BRUSSELS—European Union chief Ursula von der Leyen vowed on Tuesday that US tariffs on steel and aluminum “will not go unanswered,” adding that they will trigger tough countermeasures from the 27-nation bloc.
“The EU will act to safeguard its economic interests,” von der Leyen said in a statement in reaction to US President Donald Trump’s imposition of tariffs on steel and aluminum the previous day.
“Tariffs are taxes—bad for business, worse for consumers,” von der Leyen said.
“Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures.”
In Germany, home to the EU’s largest economy, Chancellor Olaf Scholz told parliament that “if the US leaves us no other choice, then the European Union will react united,” adding that “ultimately, trade wars always cost both sides prosperity.” Trump is hitting foreign steel and
Continued from A9
aluminum with a 25% tax in the hope that they will give local producers relief from intense global competition, allowing them to charge higher prices. He imposed similar tariffs during his first presidency but the move damaged relations with key US allies and drove up costs for “downstream’’ manufacturers that buy steel and aluminum.
EU Commission vice-president Maroš Šefčovič said Tuesday that the tariffs are “economically counterproductive, especially given the deeply integrated production chains established through our extensive transatlantic trade and investment ties.”
“We will protect our workers, businesses and consumers,” Šefčovič said, but added that “it is not our preferred scenario. We remain committed to constructive dialog. We stand ready for negotiations and to find mutually beneficial solutions where possible.”
“There is a lot at stake for both sides,” he told the EU legislature.
Geir Moulson contributed from Berlin
Still, the new taxes on foreign steel and aluminum and Trump’s other import tax plans – including his promise to raise American tariffs to match those charged by other countries—are likely “to boost US inflation and weigh on global growth this year,’’ Jennifer McKeown and Hamad Hussain of Capital Economics wrote Monday.
Tariffs would hit American allies—again
THE steel and aluminum tariffs would hit US allies. Canada is the No. 1 supplier of foreign steel and aluminum to the United States. Mexico is the No. 3 steel supplier, and Japan and South Korea are also major steel exporters to the US. China is widely seen as source of the world steel industry’s problems. Chinese overproduction has
In slapping duties on steel and aluminum nearly seven years ago, Trump reached into the federal government’s tariff toolkit and pulled out Section 232 of the Trade Expansion Act of 1962. Section 232 gives the president the power to impose tariffs on other countries national security grounds.
The 2018 tariffs—25 percent on steel and 10 percent on aluminum—provoked outrage in Canada and Mexico, US neighbors and allies that resented being hit with trade sanctions and labeled as threats to US national security.
The steel and aluminum tariffs also drew retaliation as US trading partners hit back with taxes on US exports from Kentucky bourbon to Levi’s jeans.
Trump’s first-term tariffs proved costly BY making foreign steel costlier,
But the tariffs hammered downstream businesses like Zimmerman’s that had to pay the higher prices. In 2021, production at downstream companies dropped by nearly $3.5 billion because of the tariffs, canceling out the $2.3 billion uptick in production that year by aluminum producers and steelmakers, according to a 2023 study by the US International Trade Commission, an independent federal agency that investigates trade disputes.
In 2020, researchers from Harvard University and the University of California, Davis, found that the tariffs created 1,000 jobs – but reduced employment elsewhere by 75,000. When the tariffs hit seven years ago, Mitchell Metal Products employed a peak of 102 workers. It had to cut its payrolls by leaving openings unfilled and weeding out some workers. The company now employs about 75 people.
Gary Hufbauer, senior fellow at the Peterson Institute for International Economics, said that Trump’s first-term trade wars, including his tariffs on most Chinese
The 2018 metals tariffs were partially eased. For some countries, they were dropped. For some, they were replaced with import quotas. On Monday, Trump removed all exceptions and exemptions on the original tariffs and upped the levy on aluminum from 10 percent to 25 percent. Zimmerman is bracing for the new tariffs to hit. “Already last week several large (steel) mills operating in the United States announced price increases in anticipation of the tariffs, not due to increased demand,’’ he said. “I think the domestic producers will work to do the same thing, or very close to the same thing, as what happened in 2018.’’ This time, he said, Mitchell Metal Products will seek to be more pro-active in getting its customers to absorb some of the higher costs. Otherwise, he said, “It’s not a healthy place to be as a company.’’
South Korea’s growth forecast cut again amid rising US tariffs, domestic instability
By Kim Tong-Hyung
The Associated Press
SEOUL, South Korea—South Korea’s top economic think tank slashed its growth forecast for the country’s economy for the second time in four months on Tuesday, expressing concern about the impact of US President Donald Trump’s expanding tariffs.
The Korea Development Institute now projects South Korea’s economy to grow by 1.6 percent in 2025, which is 0.4 percentage points lower than its previous estimate announced in November.
Kim Jiyeon, a KDI economist, said the
“deterioration of the trade environment” following Trump’s inauguration was a major factor. South Korea is also grappling with political instability caused by the impeachment and criminal indictment of President Yoon Suk Yeol after he briefly imposed martial law in December. Domestic demand remains weak due to slowing consumer spending and a declining job market, and the pace of exports is slowing with most key industries aside from semiconductors struggling to find momentum, said Jung Kyuchul, who heads KDI’s macroeconomic analysis department. KDI could be further lower
its growth projections if Trump’s trade actions intensify or South Korea’s political turmoil drags on, Jung said.
“In November, we assumed that Trump’s steps to increase tariffs would proceed gradually over time and wouldn’t be carried out so quickly this year, but there have already been tariff increases targeting countries like China,” Jung said in a briefing. “We expected that uncertainties would be gradually resolved after the Trump administration took office, but we are now in a situation where uncertainties have actually grown.”
BTrump’s comments contradicted some of his own administration officials who had said the president was only calling for the Palestinians’ temporary relocation.
The Hamas statements on Monday made no mention of Trump’s proposal, which they have rejected
That deepened the shock among Palestinians, who live with the history of fleeing or being forced from their homes in what is now Israel during the 1948 war. And it brought new condemnation from Arab nations that have long pressed for an independent Palestinian state.
Continued from A10
he has ramped up pressure on Arab states, especially US allies Jordan and Egypt, to take in Palestinians from Gaza, who claim the territory as part of a future homeland.
“We’ll build safe communities, a little bit away from where they are, where all of this danger is,” Trump said. “In the meantime, I would own this. Think of it as a real estate development for the future. It would be a beautiful piece of land. No big money spent.”
Arab nations have sharply criticized the Trump proposal, and Trump is set to host Jordan’s King Abdullah II at the White House on Tuesday. In addition to concerns
about jeopardizing the long-held goals of a two-state solution to the Israel-Palestinian conflict, Egypt and Jordan have privately raised security concerns about welcoming large numbers of additional refugees into their countries even temporarily.
When asked how he’d convince Abdullah to take in Palestinians, Trump told reporters, “I do think he’ll take, and I think other countries will take also. They have good hearts.”
But he also threatened to potentially withhold billions of dollars of US assistance to Jordan and Egypt if they don’t go along with his plan.
“Yeah, maybe, sure why not,” Trump said. “If they don’t, I would conceivably withhold aid, yes.”
Trump’s comments risked jeopardizing the
By Geir Moulson The Associated Press
ERLIN—Many countries had their worst showing in more than a decade in an index released Tuesday that serves as a barometer of public sector corruption worldwide, from leading powers
multiple times.
Who and what are at stake?
IN immediate limbo is the planned release on Saturday of three more Israeli hostages, along with dozens more Palestinian prisoners from Israeli custody.
Such exchanges—five so far in a gradual release of 33 hostages—
already tenuous ceasefire between Israel and Hamas in Gaza after 15 months of war, with the existing framework for negotiations calling for the massive humanitarian and reconstruction assistance for civilians in Gaza.
After Trump’s initial comments last week, White House press secretary Karoline Leavitt and Secretary of State Marco Rubio respectfully insisted that Trump only wanted Palestinians relocated from Gaza “temporarily” and for an “interim” period to allow for debris removal, the disposal of unexploded ordnance and reconstruction.
Speaking of the condition of the remaining hostages, Trump told reporters Monday that he feared Hamas had released the hostages in the best condition and that
such as the United States and France to authoritarian nations such as Russia and Venezuela.
Transparency International, which compiles the annual Corruption Perceptions Index, found that 47 countries out of the 180 it surveyed had their lowest score last year since it started using its current methodol -
have been sometimes tense and chaotic acts of trust that have gradually pushed the ceasefire forward, allowing its other measures to fall into place.
But the latest release brought home like no other the bleak and dangerous conditions for those still held in Gaza.
Relatives of the newly released hostages, at times sobbing, have
many scheduled for release are gravely ill or already dead. “Based on what I saw over the past two days, they’re not going to be alive for long,” he said.
In a video message released Saturday after Hamas freed the latest hostages on Saturday, Rachel and Jon Goldberg-Polin, the parents of slain American hostage Hersh Goldberg-Polin, called on Trump and his negotiating team to “think bigger and faster” and press for the release of all the remaining hostages this week.
“All 76 hostages out this week,” they said. “End of war. Who benefits from dragging it out for so long? Not the people of this region. Let’s get it done right now.” Egypt on Monday reiterated its rejection to the transfer of Palestinians
Trump this week announced plans to impose 25 percent tariffs on all foreign steel and aluminum, following his decision last month to impose 10 percent duties on all Chinese imports, as he accelerates an aggressive push to reset global trade. Jung said Trump’s steel and aluminum tariffs won’t likely have a major impact on South Korea’s economy, as those products account for less than 1 percent of its exports to the United States. However, Trump says he is also contemplating tariffs on cars, semiconductors and pharmaceuticals.
“Since our semiconductor exports are substantial, the economic impact would be considerable if that sector takes a hit,” Jung said.
Corruption survey gives many nations worst scores in over a decade; South Sudan slides to the bottom
ogy for its global ranking in 2012. It said of its 2024 survey that “global corruption levels remain alarmingly high, with efforts to reduce them faltering.”
The group also pointed to worldwide risks from corruption to efforts to combat climate change. It said that a lack of transparency and accountability mechanisms
described people being chained or held underground for months and eating half a piece of pita per day. Freed hostages have described going months without showering.
The accounts have put furious new pressure on Israeli Prime Minister Benjamin Netanyahu’s government to begin the delayed talks on the ceasefire’s second
from their territories in Gaza and the occupied West Bank, warning that such proposals threaten “the foundations of people” in the Middle East.
In a statement, the Egyptian Foreign Ministry said the establishment of an independent Palestinian state with East Jerusalem its capital is the base for “comprehensive and just peace” in the region. The statement said Egypt rejects any violations to the Palestinians’ “right of selfdetermination...and independence,” and “upholds the right of return for Palestinian refugees who were forced to leave their homeland,” in a reference to hundreds of thousands who were forced to flee their homes in what is now Israel during the
increases the risk of climate funds being embezzled or misused, while “undue influence,” often from the private sector, obstructs the approval of ambitious policies. The organization measures the perception of public sector corruption according to
See “Corruption,” A12
phase, which is meant to see more hostages released and bring a full withdrawal of Israeli forces from Gaza.
“The hostages are in a clear and present danger. Their lives are at risk,” a doctor working with families of hostages, Hagai Levine, warned Monday. “Delaying their release means that some of them will not survive.” AP
1948 war. A senior Hamas official blasted Trump’s latest remarks about the US ownership of Gaza as “absurd.”
Izzat al-Rishq, a member of
of Palestine and the region.”
In comments released by Hamas early Monday, he said Trump’s approach toward the Palestinian cause will fail. “Dealing with the
Wednesday, February 12, 2025
Scholz clashes with Merz over German economy, migration at last parliament meeting before poll
BERLIN—German Chancellor
Olaf Scholz accused his main challenger in the upcoming election of “constant about turns,” while Friedrich Merz, the opposition leader and front-runner, accused Scholz of leaving behind an economic “disaster” as parliament met Tuesday for the last time before the country’s February 23 election.
Polls give Merz’s center-right Union bloc the lead, with Scholz’s center-left Social Democrats well behind and showing little sign so far of narrowing the gap. They put the far-right Alternative for Germany, or AfD, in second place. Scholz told lawmakers that his governing coalition, which collapsed in November in a dispute over how to revitalize Germany’s struggling economy, faced enormous challenges from Russia’s invasion of Ukraine and the ensuing energy crisis and inflation.
Pointing to the “irritations” caused by US President Donald Trump’s foreign policy announcements and his announcement of tariffs on steel and aluminum,
DOGE’s
WScholz said that “the wind is blowing in our face at the moment. And the truth is that that won’t change fundamentally in the coming years.”
“Strong leadership, strong nerves, a clear course—that’s what matters in such difficult times,” he added. “Not fickleness and a loud mouth.”
He accused Merz of “constant about turns,” for instance on aspects of policy toward Ukraine and refugees from that country.
Merz said Scholz and Vice Chancellor Robert Habeck of the environmentalist Greens, who also is running for the top job, reminded him of “two managers who have driven the company into the wall,
then go to the owners and say they’d like to carry on the same way for four years.”
He said that Germany’s economy is shrinking for a third consecutive year, and that the government is leaving behind “a sheer disaster” on the labor market.
“What we hear from you is...‘I did everything right, it’s just that everyone else hasn’t understood this chancellor’s wisdom and intelligence,’” Merz said.
The pair have laid out contrasting plans to pep up the German economy and deal with irregular migration.
On the latter, Scholz accused Merz anew of “irresponsible gambling” and breaking a taboo when he brought a nonbinding motion calling for many more migrants to be turned back at Germany’s borders to parliament, which approved it by a narrow majority thanks to AfD’s votes—a first in postwar Germany.
Merz again insisted that there is “no question” of his party working with AfD. He said the next government must succeed in facing Germany’s challenges, otherwise right-wing populists could one day “come close to a majority.” AP
access to Treasury data risks US financial standing and raises security worries, experts warn
By Fatima Hussein & David Klepper
The Associated Press
ASHINGTON—The Department of Government Efficiency’s embed into the federal government has raised a host of concerns, transforming a debate over how to cut government waste into a confrontation over privacy rights and the nation’s financial standing in the world.
DOGE, spearheaded by billionaire Donald Trump donor Elon Musk, has rapidly burrowed deep into federal agencies and taken drastic actions to cut spending. This includes trying to get rid of thousands of federal workers, shuttering the US Agency for International Development and accessing the Treasury Department’s enormous payment systems.
Advocacy groups and labor unions have filed lawsuits in an attempt to save agencies and federal worker jobs, and five former treasury secretaries are sounding the alarm on the risks associated with Musk’s DOGE accessing sensitive Treasury Department payment systems and potentially stopping congressionally authorized payments.
“Any hint of the selective suspension of congressionally authorized payments will be a breach of trust and ultimately, a form of default. And our credibility, once lost, will prove difficult to regain,” said former treasury secretaries Robert Rubin, Larry Summers, Timothy Geithner, Jacob Lew and Janet Yellen in an op-ed in The New York Times on Monday. They warn about the risks of “arbitrary and capricious political control of federal payments, which would be unlawful and corrosive to our democracy.”
13 data sources, including the World Bank, the World Economic Forum and private risk and consulting companies. It ranks 180 countries and territories on a scale from a “highly corrupt” 0 to a “very clean” 100.
The global average remained unchanged from 2023 at 43, with more than two-thirds of countries scoring under 50, Transparency International said. Denmark held on to first place with an unchanged 90 points, followed by Finland with 88 and Singapore with 84. New Zealand dropped from third to fourth, shedding two points to 83. South Sudan slid to the bottom of the
Musk said on his social media platform X on Monday that “we need to stop government spending like a drunken sailor on fraud & waste or America is gonna go bankrupt. That does mean a lot of grifters will lose their grift and complain loudly about it. Too bad. Deal with it.”
Experts in the financial and digital privacy worlds warn that the US financial system is delicate and complicated and could be harmed by unilateral moves. They also say that Americans’ personal information could be compromised by the unsafe handling of sensitive data.
Andrew Metrick, director of the Yale Program on Financial Stability, says DOGE’s actions as a “go fast and break things group” pose a danger to the US financial system and the US dollar’s standing as the world’s reserve currency.
On the issue of cutting government programs or potentially undermining US democratic norms, DOGE is “not going to care, but they should care about harming the dollar and harming the safety of US government debt,” Metrick said.
Crossing the Rubicon of danger would be something perceived as a default event on bonds, Metrick said, especially as the US runs very close to its statutory debt limit.
“We maintain a complicated financial system—a few wrong actions and the world loses confidence in our ability to manage that system.”
On cybersecurity issues, the public has no idea what safeguards or policies, if any, Musk and his staffers used to protect the sensitive data they accessed, according to John Davisson, senior counsel at the Electronic Privacy Information Center, a Washington-
index with just eight points, displacing Somalia although the latter country’s score dropped to nine. They were followed by Venezuela with 10 and Syria with 12.
The US slid from 69 points to 65 and from 24th place to 28th. Transparency International pointed to criticism of its judicial branch. It noted that the US Supreme Court adopted its first code of ethics in 2023, “but serious questions remain about the lack of meaningful, objective enforcement mechanisms and the strength of the new rules themselves.”
Other Western nations on the decline included France, which dropped four points to 67 and five places to 25th; and Germany, down three points to 75 and six places to 15th. It tied with Canada, which was down one point and three places.
based nonprofit that advocates for digital privacy. Davisson called DOGE’s access “the largest data breach and most consequential data breach in US history.”
The Treasury Department’s databases include information about individual and business taxes, medical records, Social Security payments and numbers, and government payments, as well as a long list of other personal data, such as birthdates, home addresses and phone numbers, military records and disability information, Davisson said.
Typically, government employees who handle the data are subject to training requirements and myriad rules to ensure the data isn’t mishandled, leaked or breached. Often, data is kept segregated in different systems to ensure no one person has easy access to all the information. What may look like inefficiency, Davisson said, is actually a means of securing sensitive data.
It was an “imperfect but quite robust” system, Davisson said, and without it, Americans could be at greater risk of identity theft, stalking or other crimes. Personal information could be sold to online data brokers, who could use the data to gain an even more accurate portrait of Americans and their habits.
Davisson said he doesn’t accept arguments from Musk and Trump that the data access is about finding efficiencies in government.
“This is about control. There are ways to improve efficiency in government. ... They involve legislation, they involve regulation, they involve trained personnel and experts,” he said. “This is about establishing control over databases and thereby establishing control over federal agencies.”
Mexico dropped five points to 26 as the judiciary failed to take action in major corruption cases, Transparency International said.
“Despite former president Andrés Manuel López Obrador’s promises to tackle corruption and return stolen assets to the people, his six-year term ended without any convictions or recovered assets,” it added.
In Europe, Slovakia dropped five points to 49 in the first full year of Prime Minister Robert Fico’s government, “as numerous reforms erode anti-corruption checks and bypass public consultation.” Russia, which already declined significantly in recent years, shed another four points to 22 last year. Transparency International noted that Moscow’s full-scale invasion of Ukraine in February 2022 has
In one of several disputes over DOGE’s access to the Treasury Department, labor unions and advocacy groups have sued to block the payments system review from proceeding because of concerns about its legality. US District Judge Colleen KollarKotelly on Thursday restricted DOGE’s readonly access of Treasury’s payment systems to two workers, one of them Tom Krause, who now appears on the Treasury Department website as performing the functions of fiscal assistant secretary.
Saturday’s court ruling in favor of 19 Democratic attorneys general who sued to block DOGE from accessing sensitive Treasury Department records shows Americans aren’t powerless to stop Musk, said Lisa Gilbert, co-president of Public Citizen, one of the groups that has sued the government over DOGE’s access. She said her group and other advocacy organizations will work to ensure the new administration follows the law—and that court orders are followed.
“This is really clear law. Our federal records have personal information in them. They’re protected,” she said. “They are moving fast and doing things that normal governments wouldn’t try, and the courts are responding appropriately.”
Trump told Fox News on Sunday that Musk is “not gaining anything” from his role in DOGE. “We’re going to find billions, hundreds of billions, of dollars of fraud and abuse and, you know, the people elected me on that,” Trump said.
Metrick said: “I am nervous they have a hammer and the whole government looks like a nail to them, but Treasury is a thumb.”
“further entrenched authoritarianism.” It said that Ukraine, while its score dipped one point to 35, “is making strides in judicial independence and high-level corruption prosecutions.”
In the Middle East and North Africa, the situation of anti-corruption efforts “remains bleak” as political leaders exert near-absolute control while benefiting from wealth and clamping down on dissent, the group said. But it said that “unforeseen opportunities are also emerging,” for example in the wake of the fall of President Bashar Assad’s government in Syria. Sub-Saharan Africa had the lowest average score of any region, at 33. In Asia and the Pacific, governments “are still failing to deliver on anti-corruption pledges,” Transparency International said.
GERMAN Chancellor Olaf Scholz, center, and Vice Chancellor and Economy and Climate Minister Robert Habeck, left, listen to Christian Unions parties floor leader and chancellor candidate, Friedrich Merz, right, during the last parliament session ahead of national’s elections, at the Bundestag parliament in Berlin, Germany, Tuesday, February 11, 2025. AP/EBRAHIM NOROOZI
Trump’s global chaos: World leaders scramble to respond to president’s unpredictable moves
By Laurie Kellman The Associated Press
LONDON—The Saudis are furious. The Danes are scrambling. Colombia has backed down. Mexico and Canada stand in a purgatory between tariff wars with the US and…not. China has retaliated, launching a trade war between the economic superpowers. The Brits, long proud of their “special relationship” with the United States, are leaning into their tradition of quiet diplomacy.
It’s as if President Donald Trump has flung a bag of marbles across the global stage, under the feet of foreign leaders who have often stepped together through eight decades of postwar global order.
Everyone, it seems, is responding to Trump—even Australia’s leader, when asked last week for his thoughts only a few hours after Trump announced the US would “take over” the decimated Gaza Strip and turn it into the “Riviera of the Middle East.”
“I’m not going to, as Australia’s prime minister, give a daily commentary on statements by the US president,” Anthony Albanese told reporters.
Acknowledged publicly or not, world leaders are watching Trump’s wood-chipper approach to some American government institutions and wondering about those of the post-Cold War order: What of the US roles in NATO, the United Nations, the World Bank and other pillars of the international order? On US-controlled NATO, Trump has long questioned the value of the pact and threatened not to defend members of the alliance that fail to meet defense-spending goals. On his first day back in the Oval Office, Trump began to pull the United States out of the World Health Organization for the second time, an act that would leave the UN agency without its biggest donor. WHO’s leaders huddled over a response and asked diplomats to lean on Washington to reverse Trump’s decision. A German envoy worried: “The roof is on fire.”
“Trump’s actions portend a permanent shift in the landscape—not just a switch that flips back in four years’ time,” wrote Heather Hurlburt, a political and international affairs expert with Chatham House, a think tank in London.
Outside of leadership circles, anyone who depends on US aid for food and medicine is coming to grips with the life-and-death implications of not having it after Trump’s drive to dismantle USAID and its six-decade mission to stabilize countries by providing humanitarian aid.
“We’re waiting for the decisions, but we are not very, I would say, optimistic,” said Arjana Qosaj Mustafa of the Kosovo Women’s Network, an umbrella group of 140 NGOs. “But nevertheless, we are resilient. So, we’ll try to do our best.”
Emboldened by his reelection and with help from presidential friend Elon Musk, Trump has unleashed his signature chaos by distraction on the world.
A story of ‘flooding the zone’ and examples set PRESIDENTIAL orders and utterances—he’s suggested annexing Canada and taking over the Panama Canal—occur at a speed that can atomize opposition. No one person or government can keep track of them all. And that, rather than clarity, is the effect of what Trump’s allies call “flooding the zone.”
Got a problem with it? Trump has an answer: “Fafo,” short for “mess around and find out,” except the first word isn’t “mess.” The president posted the acronym on social media, complete with a photo of him in a fedora and pinstripes.
Ask Colombia what happens when you say no to Trump. Its president briefly resisted planeloads of immigrants during Trump’s first week—until the 47th US president threatened the country with as much as a 50% hike in tariffs. Colombia accepted the immigrants. Boom, example set.
The enforcement technique has long delighted Trump’s supporters, who turned out for him during the 2024 election heavily influenced by their anxiety over the economy and their own finances, according to APVotecast. Trump says he’s trying to save taxpayer money and spend it on issues that align with American interests.
Take Greenland and the Gaza Strip. The isolationist, “America first” president says the US will do so. He eventually ruled out using the military to move Gaza’s 2 million people elsewhere, but his plan to develop the seaside enclave into a luxury resort apparently stands.
Never mind that friends and foes alike, from the volatile Mideast to China and the staid UK, have cast the idea as a nonstarter. Powerful Saudi Arabia issued an “absolute rejection” of it. Or that it could jeopardize the fragile hostages-for-prisoners ceasefire in the Israel-Hamas war, Egypt’s peace deal with Israel. It could violate international law, too. Also, Palestinians streaming back to what once were their homes after 15 months of relentless air raids overwhelmingly say they’re not leaving. But Trump’s plan has found support in Israel, with leaders there taking care to say leaving would be “voluntary” rather than forced expulsion, which would be a war crime.
World leaders scramble to lead
“WE are not a bad ally,” Danish Prime Minister Mette Frederiksen found it necessary to tell reporters last week, like other leaders on their heels as they respond to the Trump administration.
In this case, according to the Copenhagen Post, Frederiksen was responding to comments by Vice President JD Vance on Fox News’ “Sunday Morning Futures,” that the EU and NATO member nation was “not being a good ally.” He repeated that an American acquisition of Greenland was “possible.”
That came after Frederiksen had flown to European capitals last month to urge other countries on the continent to respond with one voice against Trump’s vow to make Greenland part of the United States. Denmark also has legislation to crack down on racism toward Greenlanders and has sent $2 billion to the Arctic island for its security.
Federiksen also shared a photo on Facebook Jan. 29 of European leaders dining at her home, with the caption: “We have always stood together in the Nordic countries. And with the new and more unpredictable reality in which we are facing, good and close alliances and friendships have only become more important.”
The sentiment is spreading to larger groups. A recent meeting of EU leaders in Brussels that was supposed to be about boosting defense against the Russian threat became very much about Trump.
“We have to do everything to avoid this totally unnecessary and stupid tariff war or trade war,” Polish Prime Minister Donald Tusk told reporters. He said Trump’s threats of tariffs on the EU amount to “a serious test” of European unity, and “It’s the first time where we have such a problem among allies.” Europe’s leaders said they were going to wait to see the details of what Trump is proposing.
In Greenland, meanwhile, Trump’s remarks have fueled a generational fight for full independence from Denmark and become a key issue ahead of elections in March. Some of its leaders have said the world’s largest island, home to 57,000 people, doesn’t want to be part of the United States or Denmark.
“The unfortunate rhetoric has caused a lot of worry and concern not only in Greenland but the rest of the Western Alliance,” Naaja H. Nathanielsen, Greenland’s minister of business and trade, told The Associated Press.
The feelings are not, however, unanimous. Europe’s far-right leaders applauded Trump’s agenda at a rally Saturday in Madrid under the banner, “Make Europe Great Again.” Those gathered included Hungarian Prime Minister Viktor Orban, Italy’s Deputy Premier Matteo Salvini, French National Rally party leader Marine Le Pen and others.
Some leaders downplayed Trump’s threat to hike tariffs on European imports, saying that the EU’s taxes and regulations pose bigger dangers to the region’s prosperity. But every speaker touched on illegal immigration, as painful and divisive in Europe as it is in the United States. Le Pen said the Patriots for Europe group had the best chance of working with Trump. “We,” Le Pen said, “are the only ones that can talk with the new Trump administration.”
The unfulfilled promise RA 10068: Barriers to adoption and the need for decisive policy action
NEARLY 15 years ago, policymakers have seen the folly of relying on imported fertilizers when they decided to greenlight Republic Act 10068 or the Organic Agriculture Act of 2010. Approved in April 2010, the law declared that the state will promote, propagate, develop further and implement the practice of organic agriculture in the Philippines. The shift to organic farming is meant to enrich the fertility of the soil, increase farm productivity and reduce pollution.
RA 10068 created the National Organic Agricultural Board (NOAB), which was tasked to craft and implement a comprehensive organic agricultural program. NOAB was mandated to constantly devise and implement ways and means to produce organic fertilizer. It was also ordered to help alleviate the problems of industrial waste and community garbage disposal through appropriate methods of sorting, collecting, and composting.
Fifteen years after RA 10068 was approved, the Philippines remains reliant on chemical fertilizers that are not only expensive, but can also pose threat to human health. The country continues to import millions of tons of chemical fertilizers, including urea. And farmers continue to pay through the nose for these inputs in the hopes that their land will produce the volume of crops that would allow them to earn a decent income.
A discussion paper published by the Philippine Institute for Development Studies (Pids) identified some of the hurdles that have made it difficult for farmers to transition to organic agriculture. For one, the paper from the government think tank noted that organic methods require a higher initial investment, something that many small-scale farmers cannot afford. Another limiting factor, the paper noted, is the availability of raw materials, such as animal and plant waste, as well as the cost of collecting these materials.
To address these limitations, the discussion paper pushed for a gradual shift in policy, such as the expansion of the use of Participatory Guarantee Systems (PGS), an affordable, community-based certification system for organic products. The government should also promote organic labeling for packaged goods and encourage retailers to adopt these labels. As for the fertilizer subsidies that government provides to farmers, the Pids paper said the state can consider redirecting it to organic fertilizers and biofertilizers.
The promotion and development of organic agriculture program has been getting a substantial budget from the national government in previous years—P800 million in 2021, P520 million in 2022, P900 million in 2023, and P921 million in 2024. All these funds were meant for initiatives that sought to hasten the shift of Philippine farms to organic agriculture. Unfortunately, these initiatives have yet to make significant inroads into transforming our lands into organic farms.
Commodities like inorganic fertilizers will only become more expensive in the years to come, simply because the demand for food will continue to rise as the world’s population expands. Constraints to the adoption of organic agriculture must be addressed now if the current administration really wants to reduce production cost and make food more affordable, particularly to the Bottom 30 of the population.
Stable prices good for nation building
STHE BUILDER
TABLE prices are crucial for economic health and nation-building. If consumer prices are low, both businesses and households are encouraged to invest in key projects like factories and housing. The government is also motivated to undertake ambitious infrastructure projects.
Inflation settled at 2.9 percent in January 2025, which was unchanged from December 2024’s level, underscoring the government’s success in managing consumer prices and providing the Bangko Sentral ng Pilipinas (BSP) ample room to lower interest rates.
With January’s inflation rate remaining within the government’s 2 percent to 4 percent target range, and considering the 5.6-percent gross domestic product growth in 2024, which was slower than anticipated, there’s growing optimism the BSP may continue its monetary easing cycle this year.
No less than BSP Governor Eli Remolona Jr. hinted that policy interest rates may be reduced by 50 basis points this year, after last year’s 75-bps reduction that brought down the overnight borrowing rate to 5.75 percent. The BSP’s Monetary Board will hold its next policy meeting on February 13, 2025.
T. Anthony C. Cabangon
Lourdes M. Fernandez
Jennifer A. Ng Vittorio V. Vitug
Lorenzo M. Lomibao Jr., Gerard S. Ramos Lyn B. Resurreccion, Dennis D. Estopace Angel R. Calso, Dionisio L. Pelayo
Ruben M. Cruz Jr.
Eduardo A. Davad
Nonilon G. Reyes
D. Edgard A. Cabangon Benjamin V. Ramos
Aldwin Maralit Tolosa
Rolando M. Manangan
BusinessMirror is published daily by the Philippine Business Daily Mirror Publishing, Inc., with offices on the 3rd floor of Dominga Building III 2113 Chino Roces Avenue corner De La Rosa Street, Makati City, Philippines. Tel. Nos. (Editorial) 817-9467; 813-0725. Fax line: 813-7025. (Advertising Sales) 893-2019; 817-1351, 817-2807. (Circulation) 893-1662; 814-0134 to 36. E-mail: news.businessmirror@gmail.com www.businessmirror.com.ph
KFinancial markets reacted positively to the January inflation report, with the stock market index rising by over 3 percent and the peso strengthening against the US dollar on the day of the report. The January figure increases the likelihood of a BSP rate cut.
London-based Oxford Economics forecasts stronger Philippine economic growth in 2025, driven by a more accommodative monetary policy and well-contained inflation.
The January inflation rate matched the December 2024 figure and fell within the BSP’s 2.5 percent to 3.3 percent forecast range. A key factor contributing to this stability is the government’s focus on managing rice prices.
Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. attributed the decline in rice prices to the administration’s efforts to stabilize food inflation. Rice, in fact, recorded a deflation of -2.3
By Rodney Muhumuza | The Associated Press
AMPALA, Uganda—The deadly march by Rwanda-backed rebels across eastern Congo could widen into a regional conflict drawing in even more countries, analysts warn, and two neighboring nations with the most involvement in the mineral-rich area might be the key to stopping the violence.
The M23 rebels’ capture of the city of Goma last month and their reported advance on another provincial capital have drawn in concerned countries from east and southern Africa. A joint meeting of leaders from those regions over the weekend offered no strong proposals for ending the fighting beyond urging talks and an immediate ceasefire.
Notably, they didn’t call for the rebels to withdraw from Goma.
At the summit’s conclusion, Congo issued a statement welcoming its “foundations for a collective approach” to securing peace. But there are concerns that long-shifting alliances in the region also could lead to a collective collapse.
Asking neighbors for help
CONGOLESE President Felix Tshisekedi had sought the help of allies in the region and beyond when the M23 rebels resurfaced at the end of 2021. Troops from Burundi, with its own tense relations with Rwanda, were sent to fight alongside Congolese forces. Troops from Tanzania, which hosted the weekend summit, were deployed in Congo under the banner of a regional bloc. And Uganda, on poor terms with Rwanda, had already deployed hundreds of troops to fight a different rebel group in eastern Congo.
For Congolese President Felix Tshisekedi, it was “like juggling a polygamous marriage” as he maneuvered to protect his vast country’s territo -
By maintaining price stability and investing in infrastructure that improves connectivity and market access, the Philippines can achieve sustainable economic development and improve
percent year-on-year and -0.9 percent month-on-month, marking the first decrease since December 2021.
The BSP believes the latest inflation data aligns with its assessment that inflation will remain within the target range. The BSP also expects easing inflation to bolster private domestic spending.
Reducing food inflation is a top priority of President Ferdinand Marcos Jr. The DA, with the National Price Coordinating Council’s endorsement, declared a food security emergency, enabling the release and sale of rice buffer stocks at lower prices in select Kadiwa ng Pangulo sites.
The DA is also implementing measures to mitigate the impact of La Niña, including water management system improvements and providing farmers with resilient seed varieties, animals and promoting diversified farming.
The government affirms its vigilance and proactive approach to addressing potential risks. Strengthening the resilience of agri-food systems is a key goal to ensure stable and affordable prices for all Filipinos.
To ensure long-term manageable
Congolese authorities see the M23 rebels as a Rwandan proxy army driven to illegally exploit eastern Congo’s vast mineral resources, whose value is estimated in the trillions of dollars. The rebels are backed by some 4,000 troops from Rwanda, according to evidence collected by United Nations experts.
rial integrity, said Murithi Mutiga, Africa director at the International Crisis Group. “Rwanda felt excluded while Burundi and Uganda were welcome” in eastern Congo, Mutiga said. “Rwanda decided to assert itself.”
A surge in fighting
CONGOLESE authorities see the M23 rebels as a Rwandan proxy army driven to illegally exploit eastern Congo’s vast mineral resources, whose value is estimated in the trillions of dollars. The rebels are backed by some
inflation, improvements in mobility and logistics are also essential. This requires building more roads and bridges, connecting food-producing provinces directly to major markets, benefiting both farmers and consumers.
On this note, I am pleased to learn the completion of major projects last year. The government wrapped up six infrastructure flagship projects (IFPs) in 2024 and expects to finish 13 more in 2025.
Completed projects include the Plaridel Bypass, the Cagayan De Oro River Flood Risk Improvement, the Pampanga Bay project, the Panguil Bay Bridge, the Pasig-Marikina River Channel Improvement Project Phase V and the Surallah-T-Boli-San Jose Road. Projects slated for completion in 2025 include the Angat Water Transmission Improvement Project, the C5 South Link Expressway Project, the Cagayan De Oro Coastal Road and Diversion Road Extension, the Cavite Laguna Expressway, the Central Luzon Link Expressway Phase 1, the Davao River Bridge project, the Health System Enhancement project, the Regional Fish Port Project, the Southeast Metro Manila Expressway, the Virology and Vaccine Institute of the Philippines, Water District Development Sector Projects, and the Second Additional Financing for the Philippine Rural Development Project. Infrastructure development is equally crucial for long-term
4,000 troops from Rwanda, according to evidence collected by United Nations experts.
The M23 rebellion stems partly from Rwanda’s decades-long concern that other rebels—ethnic Hutus opposed to Rwanda’s government and accused of participating in Rwanda’s 1994 genocide—have been allowed to operate in largely lawless parts of eastern Congo.
Rwanda’s longtime President Paul Kagame accuses Tshisekedi of overlooking the concerns of Congo’s ethnic Tutsis after hundreds of thousands of Tutsis were killed in the genocide.
The M23’s ranks contain many Congolese Tutsis.
The rebels’ next big target is Bukavu, capital of South Kivu province, and they have vowed to go all the way to Kinshasa, Congo’s capital, some 1,600 kilometers (1,000 miles) away. Risk of more armed actors EASTERN Congo in recent decades has been the setting for a
GERMANY aims to further ramp up defense spending and commit to investing at least 3 percent of economic output on its military regardless of who wins this month’s election, according to the chairman of parliament’s defense committee.
In an interview Monday with Bloomberg TV, Marcus Faber, a senior lawmaker for the opposition Free Democrats, pointed to a recent visit to Berlin by Nato Secretary General Mark Rutte, who is pushing the alliance’s members to boost defense outlays given the threat to western European security posed by Russia.
Faber said that Rutte “was pretty clear” during a visit to his office “that we are more looking for 3 percent, maybe 3.5 percent—so I think 3 percent will be the new floor.”
“Our German Bundeswehr also has a lot of old equipment that we have to replace,” he added.
US President Donald Trump has urged Nato countries to go even further and spend the equivalent of 5 percent of gross domestic product on defense, raising pressure on allies to more than double the current goal of 2 percent. No member of the alliance is currently spending 5 percent, including the US. Immediately after Russia invaded Ukraine in February 2022, Chancellor Olaf Scholz declared a “historical turning point” in German military policy and created a special, off-budget fund worth €100 billion ($103 billion) to finance an overhaul and expansion of the Bundeswehr after years of neglect.
That money has either been spent or allocated, nudging Germany’s defense spending above 2 percent last year for the first time, and it’s unclear how Germany will pay for the new increase that Faber envisages, given strict limits on government borrowing enshrined in the constitution.
Scholz ejected Faber’s fiscally hawkish party, the FDP, from his government in November in a dispute over the borrowing rules, triggering the snap vote on February 23.
Asked if Germany could create a new off-budget fund, Faber, whose
Rebellion. . .
continued from A14
that has caused the highest death toll since World War II.
Its last major regional upheaval broke out in 1998 as Congo’s thenPresident Laurent Kabila invited forces from countries including Zimbabwe and Angola to protect him from Rwanda-backed rebels who sought to overthrow him. Uganda and Rwanda, which had helped Kabila seize power by force the previous year before feeling alienated by him, fought mostly on the same side.
Now, analysts say both Rwanda and Uganda are key again. The risk of regional escalation this time is “big,” especially with both Kagame and Ugandan President Yoweri Museveni still eager for influence in eastern Congo, said Godber Tumushabe, an analyst with the Kampala-based Great Lakes Institute for Strategic Studies think tank. Both leaders are crucial to any effort to stop the fighting, Tumushabe said: “They will not allow a settlement” that doesn’t look after their interests in eastern Congo. But they have their own friction as Rwanda suspects Uganda of backing yet another group of rebels opposed to Kagame. Burundi is also heavily involved.
A year ago, Burundi closed border crossings with Rwanda and severed diplomatic ties over allegations that Rwanda’s government was supporting rebels in eastern Congo who oppose Burundian President Evariste Ndayishimiye. By then, Burundian troops were deployed there to fight alongside Congolese troops.
Ndayishimiye has accused
Fighting illicit trade: Unravelling what’s beneath the tip of the iceberg
WIn a TV debate on Sunday evening, both candidates signaled their support for lifting defense spending significantly above 2 percent without saying how they would fund it.
party is in danger of missing the 5 percent threshold for getting into parliament, ruled it out as “unconstitutional.”
He argued that military spending must be covered by the regular federal budget—which would require cuts in areas like welfare benefits and subsidies—and rejected the idea of joint European Union borrowing to pay for defense investment.
Scholz is running for reelection as the lead candidate for his Social Democrats but looks likely to lose out to Friedrich Merz, the head of the opposition conservatives, who has a lead of around 14 percentage points over Scholz’s SPD.
In a TV debate on Sunday evening, both candidates signaled their support for lifting defense spending significantly above 2 percent without saying how they would fund it.
Faber also criticized Trump for threatening the use of military force to seize Greenland.
“Especially for Germany, it’s very important that our partners are not invading other countries,” Faber said.
“Greenland is a part of Denmark and Denmark is a partner for us. It’s very important not to talk about military action from one Nato partner against another one.”
The European response to such threats must be clear and from a position of strength, Faber added.
“Europe has to be united on that. We are united against the Russian invasion of Ukraine. And we also have to talk very clearly to everyone who talks about invading other countries.” Bloomberg
Kagame of reckless warmongering. He told a gathering of diplomats in Bujumbura last month that “if Rwanda continues to conquer the territory of another country, I know well that it will even arrive in Burundi.” He warned that the “war will take a regional dimension.”
Efforts at peace
WITH Rwanda and Congo each “drawing a line in the sand,” diplomacy faces a great challenge, said Mutiga with the International Crisis Group. Efforts at peace have largely sputtered, including the yearslong presence of a UN peacekeeping force in eastern Congo that has been under Congolese government pressure to leave.
Other fighters on the ground have included mercenaries for Congo, including many Romanians, and troops from the southern Africa regional bloc that Rwanda’s president has alleged—without providing evidence—are not peacekeepers but collaborators with Congo’s army. Congo’s president has refused to engage with the M23. And he did not attend the weekend summit in Tanzania, instead monitoring it virtually. At its conclusion, his government welcomed the collective effort to stop the fighting but disputed Rwanda’s attempted explanation for M23’s resurgence.
“The current crisis is, above all, an attack on [Congo’s] sovereignty and security, and not an ethnic question,” Congo’s statement said. The next steps in trying to resolve the conflict are unclear. Associated Press writer Gaspard Maheburwa in Bujumbura, Burundi, contributed.
Dr. Jesus Lim Arranza
MAKE SENSE
HILE I’m happy to note that there has been some success in the fight against smuggling and other forms of illicit trade recently initiated by the Federation of Philippine Industries (FPI) in coordination with concerned government agencies, heavier tasks are still ahead of us because we are barely seeing the tip of the iceberg when it comes to these white-collar crimes at this time.
We vigorously campaigned against the illegal importation of palm olein, where the government was robbed of around P45 billion in revenues over several years, according to the report of House Ways and Means Committee Chairman Joey Salceda.
With the help of the National Bureau of Investigation (NBI), Bureau of Internal Revenue, and the Office of the President, we managed to look deeper into the modus operandi of some palm olein importers, who were dodging the payment of taxes and duties by claiming that their palm olein shipments were being used for compounding of animal feeds. They got exemptions from the Bureau of Animal Industry (BAI) and clearance from the Food and Drug Administration (FDA).
Then BIR Commissioner Kim Henares issued a ruling that to be eligible for an exemption, any imported ingredient for animal feeds compounding should be “unfit for human consumption or that the ingredient cannot be used for the production of food for human consumption as certified by the FDA.”
Despite this, I find it really surprising and frustrating that the BAI and FDA allowed the duty- and VAT-free importation of palm olein for the purpose of animal feeds compounding.
Indonesia
Do they not know what palm olein is?
Palm olein is a derivative of palm oil that was fractionated to make it “more fit” for human consumption. So palm olein, if they know the product, and—I should say—they should, is processed from palm oil to make it fit for human consumption. Ergo (without going through the technical details) palm olein is being made for human consumption. This is why palm olein is more expensive than palm oil.
The NBI and the BIR are now investigating the importers to determine how much of their palm olein shipments really went to animal feeds compounding and how much was diverted to the market as cooking oil or as a substitute for coconut oil for bio-diesel blending. This is not a fair competition at all with our coconut industry and farmers who are paying the right taxes.
When we exposed this, the illegal importation of palm olein stopped. But it should not end there. The end objective should be restitution; the illegal importers should return the revenues they stole from the government with penalties.
If— after robbing the government —we would just let them off the hook since they stopped already, then we would be encouraging everyone to become thieves.
When we exposed this, the illegal importation of palm olein stopped. But it should not end there. The end objective should be restitution; the illegal importers should return the revenues they stole from the government with penalties.
The same goes for the importers of close to P100 million worth of uncertified automotive batteries that were confiscated by the joint teams of the NBI and Department of Trade and Industry at a warehouse in Quezon City last September, the biggest haul of Task Force Kalasag to date.
We hope that the concerned agencies will pursue the cases against those behind the entry into the market of these uncertified car batteries and continue the operations in other parts of the country, especially in the Visayas and Mindanao areas where these are being sold rampantly.
Now, let me say this: the FPI will be exposing more cases of smuggling and other cases of illicit trade in the coming days. We are just seeing the tip of the iceberg and we will be unravelling what’s beneath it. Just in the case of animal feeds compounding alone, I’m already getting information that unscrupulous importers are bringing in other products without paying taxes and duties by using the same modus operandi employed by palm olein importers.
My message to these importers: you’re next.
Thanks to our initial successes, concerned people in the government and industries are coming to us to share information that we hope will lead to more investigation, operation, and prosecution of perpetrators of illicit trades.
We hope to work together also with the Bureau of Customs (BOC), the FDA, and the Department of Agriculture, which were already directed by the Office of the President
debuts free health checks despite Prabowo budget cuts
By Chandra Asmara
INDONESIA began rolling out free health screenings across the country, fulfilling a popular campaign pledge by President Prabowo Subianto to boost preventative health care even as the former general reins in other spending in the world’s fourth most populous nation.
The program, expected to cost about 4.7 trillion rupiah ($288 million) this year, comes as investors closely watch how the new president reconciles his ambitious social agenda, including a signature free-meal program for students, with plateauing growth and fiscal constraints. It debuted Monday despite a wider spending freeze that has left many ministries in limbo, with officials under pressure to free up budgets for the president’s priority programs.
“This is not just a public policy initiative, but a deeply personal priority for the president,” said D. Nicky Fahrizal, a Jakarta-based researcher at the Center for Strategic and International Studies. Still, “for a program to remain relevant, it must align with fiscal capacity.”
The new program will eventually give Indonesia’s population of more than 280 million people access to preventative screenings for conditions such as congenital heart disease, diabetes and cancer. For now, the checks are available primarily to children under the age of six and adults 18 and older, as well as for
continued from A14
economic growth
people with birthdays in the first two months of the year. Kids aged seven to 17 will get access to free screenings later this year.
There were queues at public health facilities around the main island of Java and in other parts of the archipelago, television broadcasts showed.
The program is “a birthday gift from the state,” Ossy Dermawan, deputy minister of agrarian affairs and spatial planning, said while visiting a clinic outside of Jakarta, Liputan 6 broadcast. Participants must get their checkup in the three months following their birthday.
In Surabaya, Health Minister Budi Gunadi Sadikin presented a group of participants with a birthday cake.
Officials spared the program despite broader spending freezes, which are largely designed to give government agencies time to identify funds that can be reallocated to Prabowo’s social welfare programs. The president today said he wants unnecessary spending stopped, but that he faces some opposition within the civil service.
The program, expected to cost about 4.7 trillion rupiah ($288 million) this year, comes as investors closely watch how the new president reconciles his ambitious social agenda, including a signature free-meal program for students, with plateauing growth and fiscal constraints. It debuted Monday despite a wider spending freeze that has left many ministries in limbo, with officials under pressure to free up budgets for the president’s priority programs.
“In the bureaucracy, there are those who already feel immune to the law, feel like they have become little kings,” Prabowo said in a speech today. “I want to save money and that money is for the people. To feed the children of the people, to fix all the schools in Indonesia.”
The free health checks are among the president’s most popular policies, according to a recent survey, and helped push his approval ratings to the highest level since he took office in October.
They mark a change from a system in which Indonesians typically pay a small fee for basic health checks. The program is also open to all citizens, not just those enrolled in an existing national health insurance system,
nomic
By maintaining price stability and investing in infrastructure that improves connectivity and market access, the Philippines can achieve
to coordinate with the FPI via separate letters sent to Commissioner Bienvenido Rubio, Administrator Manuel Zacate, and Secretary Francisco Tiu Laurel Jr., copies of which were furnished to FPI. We truly appreciate Secretary Laurel’s response to my letter. We, however, urge the good secretary to continue our engagement since his response was centered on the actions he has taken since taking the helm of the DA. We have complete faith and trust in his administration. What we are after, however, is the “sins” of the previous administrations that led to the loss of P45 billion in government revenues. We are hoping that Secretary Laurel would also review the transactions made before his time as part of a thorough cleansing process and to ensure those who were probably in cahoots with the illegal palm olein importers inside the DA and BAI will be dealt with accordingly. This will likewise ensure that the same modus operandi will not be done anymore with the other animal feeds ingredients.
We will also continue joining committee hearings of the House and the Senate regarding illicit trade and smuggling.
I attended recently a Senate committee hearing led by Senator Win Gatchalian where I shared inputs on how to stop technical smuggling, as well as the state of domestic industries that are being harshly affected by smugglers.
We encourage other industries and businesses to come to us and join the fight against smuggling and other forms of illicit trade. Together, let’s liberate our economy, businesses, and workers from the clutches of these white-collar criminals and their cohorts.
Dr. Jesus Lim Arranza is the chairman of the Federation of Philippine Industries and Fight Illicit Trade; a broad-based, multisectoral movement intended to protect consumers, safeguard government revenues and shield legitimate industries from the ill effects of smuggling.
marking a potential shift in health care accessibility.
Southeast Asia’s largest economy has long struggled to improve its health care access and quality, particularly in rural areas. The country’s average life expectancy at birth was 68.3 years in 2021, with strokes, heart disease and tuberculosis among the leading causes of death, according to the World Health Organization.
A 2023 national health survey found that 21.5 percent of children under five suffer from stunted development, while more than 31,000 young children were diagnosed with congenital heart disease. In the 2021 Global Health Security Index, Indonesia ranked 45th out of 195 countries, underscoring the scale of challenge Prabowo faces in improving health care services. Indonesia in 2023 revised a health care law to address gaps in coverage, but the system remains overburdened, with preventive care historically overlooked in favor of treatment.
“Prevention is far better and much cheaper than treatment,” Agus Harimurti Yudhoyono, coordinating minister for infrastructure and regional development, said while visiting a clinic outside of Jakarta, television broadcasts showed. “This is a form of commitment to the people.” With assistance from Grace Sihombing and Eko Listiyorini /Bloomberg
THEcampaign period officially commenced on Tuesday, with candidates from the senatorial race and party-list groups launching their respective campaigns nationwide.
The administration’s Senate slate, Alyansa Para sa Bagong Pilipinas, started strong by officially launching its campaign in Ilocos Norte, the political stronghold of President Ferdinand “Bongbong” Marcos Jr. and his family.
Along with supporters and representatives of the local government, President Ferdinand Marcos Jr. led the eagerly awaited campaign start in the province’s Centennial Arena, endorsing the formidable slate of senatorial candidates running under the Alyansa banner.
Navotas City Rep. and Alyansa campaign manager Toby Tiangco underscored that the coalition is more than just a group of candi-
dates—it is a movement dedicated to delivering real solutions to the country’s pressing issues.
“Today marks the first day of the campaign, and as you can see, we did not just assemble a senatorial slate—we built an Alyansa Para sa Bagong Pilipinas,” Tiangco said during a press conference.
Tiangco said each candidate has a proven track record and is committed to working with the Marcos administration to implement crucial reforms.
“Our candidates have already demonstrated their capabilities. They are not just making promises—they have tangible achievements. They are ready to help ad-
vance President Marcos’ programs,” he added.
The administration’s Senate slate includes former Interior Secretary Benhur Abalos, Makati City Mayor Abby Binay, Senator Pia Cayetano, Senator Imee Marcos, Senator Lito Lapid, former Senators Panfilo Lacson and Manny Pacquiao, Senator Ramon Revilla Jr., former Senate President Vicente “Tito” Sotto III, Senator Francis Tolentino, former Social Welfare Secretary Erwin Tulfo, and Deputy Speaker Camille Villar.
The coalition is focusing on key issues such as economic recovery, inflation control, job creation, and government efficiency—all of which are expected to shape the May 2025 midterm elections, said Tiangco.
“Our senatorial slate will work alongside the president to tackle and find solutions to our nation’s pressing problems.”
Following its Ilocos Norte launch, Alyansa will hold campaign rallies in Iloilo City, Carmen in Davao del Norte, and Pasay City, covering major regions across the country.
Also, House Assistant Minority Leader and Gabriela Women’s Party Rep. Arlene Brosas officially
launched her senatorial campaign alongside fellow Makabayan coalition candidates at the historic Kartilya ng Katipunan in Manila. Brosas, a three-term legislator, championed key laws protecting women and children, such as the Safe Spaces Act, Expanded Maternity Leave Law, Expanded Solo Parents Welfare Act, and amendments to the Anti-Rape Law. She also laid out her legislative agenda to amend the Anti-Rape Law and provide SAFE Kits for rape victims, expand the Anti-Violence Against Women and Children (VAWC) Act to include electronic violence, pass the Divorce Bill, enact the SOGIESC Equality Bill, and eliminate corruption and confidential funds.
Also, House Deputy Minority Leader and ACT Teachers Rep. France Castro kicked off her senatorial campaign with a “throwback tour” of schools where she studied and taught, reaffirming her commitment to fighting for genuine education reforms in the Senate.
Her first-day campaign stops included Philippine Normal University, Pamantasan ng Lungsod
AT least 26 Philippine exporters are set to participate in the joint business mission of the Department of Trade and Industry (DTI) and Department of Agriculture’s (DA) to the Middle East in February, which aims to expand market access of Philippine agricultural and fisheries exports.
The DTI said in a statement on Tuesday it will lead a business mission to the Middle East with the Agriculture department from February 7 to 21.
“The mission aims to expand market access and promote Philippine agricultural and fisheries exports and non-food products, while strengthening trade partnerships with Qatar, Jordan, Saudi Arabia, and the United Arab Emirates,” DTI said.
The confirmed 26 Philippine exporters are joining this Outbound Business Matching Mission.
DTI said these Philippine exporters are expected to gain direct access to buyers, distributors, and industry leaders in the region.
“The delegation will present sourcing opportunities through store visits, supplier meetings, and business matching activities in Doha, Amman, Riyadh, and Dubai,” said DTI. Market entry, compliance issues PER the DTI, Philippine exporters will meet with key regulatory bodies, such as the Qatar Ministry of Public Health and the Saudi Food and Drug Authority, to address market entry requirements and compliance issues.
DTI’s Export Marketing Bureau (DTI-EMB) Director Bianca Pearl R. Sykimte told the BusinessMirror in late January 2025 that Philippine exporters of processed food products are fac-
ing issues in the Middle East. For instance, Sykimte said “For Saudi Arabia there are certain processed food products that we cannot export yet because there are no accredited exporters from Philippines.” The official of DTI’s export marketing arm also noted that they are asking the Saudi FDA to fasttrack accreditation of Philippine exporters. In Qatar, Sykimte said there are additional certifications being required from Philippine exporters that are not being requested from other countries. These requirements, the Philippine Trade official said, “are costly for Philippine exporters to comply with.” The mission will culminate in Gulfood 2025, one of the world’s largest food and beverage sourcing event, showcasing the quality, sustainability, and competitiveness of Philippine exports.
The Philippine delegation is inviting buyers, distributors, and industry stakeholders to join the business matching sessions and connect with Philippine exporters of high-quality frozen and fresh produce, processed food, and personal
Industry shocked over chef Gaita Fores’s sudden death
By Ma. Stella F. Arnaldo
Special to the BusinessMirror
ASIA’S Best Female Chef of 2016, Margarita “Gaita” Araneta Forés, passed away in Hong Kong on Tuesday. She is survived by her son, Jorge Amado, also a popular restaurateur, and siblings Bledes, Veana, Joe, and Raul. In a post on social media and shared with family and friends, Amado said: Dear Friends and Family, It is with a heavy heart that I share the sudden passing of my Mom, Margarita A. Forés. Our family is mourning this unexpected loss, and we kindly ask for your prayers during this time.
With gratitude, Amado
BusinessMirror sources close to Forés separately said the celebrated chef and restaurateur passed away of sudden circumstances in Hong Kong. “People knocked on her door because she didn’t come down for lunch,” one source said. Her son, Amado left for Hong Kong on Tuesday afternoon to “attend to [Gaita’s] remains,” said another.
According to her Instagram stories, the last of which was posted before 3 am Tuesday, Forés was staying at The Upper House, a five-star hotel in Hong Kong, after vacationing with friends in Morocco and Madrid. She had posted about her meal at The Prince and The Peacock of Indian Chef Palash Mitra.
Forés was the preferred chef by several Philippine presidents for their important local and international events in Malacañang, being able to cross over political colors and beliefs. She was the only chef, who was accredited by the Philippine International Convention Center, outside the latter’s home caterer, Via
Mare of Chef Glenda Barreto.
One of Forés’s last catering jobs was the Annual Bankers’ Reception of the Bangko Sentral ng Pilipinas in January.
Forés, who would have turned 65 in March, had just opened the second branch of Lusso, a gourmet-dining haven, at The Podium. She recently accompanied celebrated UK Chef Gordon Ramsey on his visit to Farmers Market in Cubao, and posted on her Instagram account: “We were so happy to welcome him and show him all the beauty of our country’s produce at the market!”
A scion of the prominent Araneta clan of Cubao, Forés was the daughter of Makati Medical Center founder Dr. Raul G. Forés, and socialite
Maria Lourdes “Baby” Ara
neta. Her love for Italian food was spurred by her stay in New York in her youth and after her mother moved there for work. Forés later studied cooking in Italy in 1986, before setting up her first café at SM Megamall. She later parlayed her culinary talent into bigger ventures, founding restaurants Cibo, Cafe Bola, Lusso, Grace Park, as well as a catering company, Cibo de Mi company. She overcame thyroid cancer twice. In 2019, Fores was named the United Nations World Tourism Organization Ambassador for Gastronomy Tourism, for her efforts to promote sustainable agricul
ture and food.
Editor: Jennifer A. Ng
PSE index seen rebounding on improving economic data
By VG Cabuag @villygc
FIRST Metro Securities Brokerage Corp. on Tuesday projected that the benchmark Philippine Stock Exchange index (PSEi) will reach 7,600 points by the end of the year.
“We believe the market is positioned for a turnaround,” Reuben Mark Angeles, FVP and equity research division head of the brokerage firm, said.
“With inflation easing, economic data improving, and monetary policy becoming more accommodative, the business cycle is shifting from a slowdown to early recovery.”
Several factors are expected
to drive market momentum, including a potential reduction in stock transaction taxes that could improve market liquidity, an upgraded credit outlook supporting capital flows and increased domestic consumption ahead of the midterm elections, the broker said.
Despite global uncertainties, the broker believes that the Philippines remains resilient due to
its domestically driven economy, ample reserves and strong geopolitical ties with the United States.
While Trump’s policies introduce some risks, many of these concerns have already been priced into valuations.
Ser Percival Peña-Reyes, director of the Ateneo Center for Economic Research and Development, said that the country’s economy as measured by gross domestic product could grow 6 percent this year.
He cautioned that sustained growth should come from “meaningful investments” rather than short-term election-driven spending.
“We want spending to have a lasting impact, creating jobs and strengthening industries rather than fueling temporary consumption.”
He added that inflation is
Lexpected to remain within the Bangko Sentral ng Pilipinas’ (BSP) target range of 2 percent to 4 percent, which will help maintain price stability and support economic activity.
Structural growth opportunities are also emerging, particularly with the Luzon Economic Corridor, a trilateral initiative between the US, Japan and the Philippines that positions Clark, Pampanga as a future economic hub.
Share prices climbed last week, snapping the main index’s fourweek decline, with the reconstitution of the PSEi and the increasing confidence in the country’s economic prospects.
The PSE index gained 292.40 points to close at 6,154.99 points. It was up for three consecutive days, gaining 3 percent last Tuesday and Wednesday.
SMIC optimistic about growth prospects
CONGLOMERATE SM Investments Corp. (SMIC), the holding firm of the Sy family, on Tuesday said it is confident on its long-term growth trajectory, driven by a resilient consumption-led economy, synergies across its business segments and strong consumer fundamentals.
“The Philippine economy remains consumption-driven, and SM Investments is well-positioned to support and capture this demand. Our strong ecosystem—spanning retail, banking, and property—enables us to navigate challenges while delivering long-term value,” SMIC President and CEO Frederic C. DyBuncio said.
In a recent report on Philippine conglomerates, equity research firm CLSA said SMIC’s retail segment is poised to benefit from minimum wage increases, sustained remittances from overseas Filipinos and consumer spending resilience despite macroeconomic uncertainties.
CLSA said wage adjustments and higher remittances, aided by a weaker peso against the dollar, are expected to support household spending, particularly in essential
categories. While consumer spending patterns may evolve, CLSA said overall consumption will remain a key economic driver.
“We would note SM Investments remains largely resilient and is worth a look given its valuation. SM Investments is a beneficiary of a consumption-driven economy,” Joyce Anne Ramos, equity analyst at CLSA said in a recent report.
“We anticipate spending behavior to continue to favor staples (essential items) over discretionary, with minimarts still driving growth.”
SM’s minimart chain Alfamart is expected to continue its expansion this year. From its first store in Trece Martires, Cavite in 2014, Alfamart has grown its footprint to 2,100 in the last 10 years mainly in Luzon and Metro Manila.
“We continue to see strong demand for essentials, with minimarts playing an essential role in serving everyday consumer needs,” DyBuncio said.
Beyond retail, CLSA underscored SM Investments’ synergies across its portfolio, highlighting SM Prime’s record earnings and expanding mall
network as well as BDO’s financial services as key growth drivers.
“We forecast that the retail segment will benefit from the widening presence of SM Prime, which in turn could boost BDO’s loan base and current account/ savings account. Likewise, we expect the indispensable nature of the retail business’ products to increase foot traffic in malls and cater to upscale lifestyle.”
In 2024, SM Prime Holdings Inc., the shopping mall operator, opened two malls in North Caloocan and J Mall in Mandaue City, Cebu.
Currently, SM Prime has 87 malls in the Philippines with expansion geared towards the provinces to cover most of Northern Luzon, Visayas and the progressive cities in Mindanao.
“Our businesses complement each other—our expanding retail footprint enhances mall traffic, while BDO provides financial solutions that fuel both consumption and enterprise growth. These synergies allow us to build resilience and create shared value for our stakeholders,” DyBuncio said. VG Cabuag
‘Metro Manila has more vacant office spaces’
By Bless Aubrey Ogerio @blessogerio
THE size of vacated office spaces in Metro Manila expanded in 2024 due to the expiration of prepandemic leases as well as the exodus of Philippine Offshore Gaming Operators (POGO), according to a property consultancy firm.
Colliers Philippines’ recent report indicated that 531,000 square meters (sqm) of office space were vacated in 2024, marking a 36-percent increase yearon-year from the 581,000 sqm recorded in 2023. Despite 752,000 sqm in transactions, including pre-leasing in upcoming developments, net take-up remained negative at -45,000 sqm, reversing the 280,000-sqm gain seen the previous year.
Metro Manila’s office vacancy rate reached 19.8 percent by the end of 2024. Among major submarkets, Makati Central Business District (CBD) remained the most resilient, with a vacancy rate of 8.3 percent.
Meanwhile, Fort Bonifacio and Ortigas Center saw higher vacancies at 17.2 percent and 12.8 percent, respectively.
In contrast, Quezon City closed 2024 with a 22.8 percent vacancy rate, while the Bay Area (34.9 percent), Makati Fringe (35.9 percent) and Ortigas Fringe (24.2 percent) continued to experience high vacancy levels due to a mix of vacated spaces and subdued demand.
Areas like Alabang (32.5 percent) and other emerging locations (38.3 percent) also struggled with low tenant absorption. Despite these rising vacancies, projections for 2025 suggest a modest addition of new office space across Metro Manila, with 656,000 sqm expected to be completed during the year.
The bulk of new supply will come from Quezon City, which is forecast to add 202,000 sqm, the largest increase among all submarkets. Ortigas Center is expected to add 55,000 sqm, while Bay Area, Makati Fringe and Ortigas Fringe will see an additional 59,000 sqm, 69,000 sqm, and
48,000 sqm, respectively.
More stable office markets like Makati CBD, Fort Bonifacio and Alabang will introduce 33,000 sqm, 38,000 sqm and 38,000 sqm of new space, respectively.
In 2024, traditional industries such as government, banking and logistics led the office leasing activity. The BPO sector expanded, increasing its office footprint to 267,000 sqm from 194,000 sqm in 2023. Conversely, POGO demand dropped significantly, reaching only 167,000 sqm in 2023, with little to no contribution in 2024.
Colliers advised landlords to consider offering tenant improvement allowances to attract tenants and suggested refurbishing or reinstating office spaces to improve their marketability.
For spaces in bare shell condition, Colliers recommended creating showrooms to display potential setups, especially if the cost of demolition or reinstatement is prohibitive. For older properties, the firm suggested considering redevelopment as a way to maximize their value.
By Lenie Lectura @llectura
OCAL debt watcher Philippine
Rating Services Corp. (PhilRatings) has maintained its credit ratings of PRS Aa+ and stable outlook for Citicore Energy REIT Corp. (CREIT ). PhilRatings also maintained an issue rating of PRS Aa+ and a stable outlook for CREIT’s P4.5-billion Asean green bonds.
“CREIT is well-positioned to benefit from the country’s growing renewable energy needs with its unique and fully occupied portfolio of green assets,” PhilRatings said, adding that the assigned issue ratings took into consideration CREIT’s sound financial position and strong profitability and liquidity.
The company’s oversubscribed outstanding Asean green bonds were issued in February 2023. Proceeds were used to acquire properties to support its green asset portfolio to its current 7.1 million square meters, cementing its status as the country’s largest renewable energy landlord.
“Sustaining the PRS Aa+ credit rating from PhilRatings, for both the company as an issuer and the company’s maiden Asean Green Bond, is a testament to the company’s strong financial position and profitability as
the foremost energy REIT [real estate investment trust] in the Philippines, delivering superior yields from its green asset portfolio. We intend to continue as a platform that empowers investments, ensuring that our debt instruments are trusted by creditors and investors,” said CREIT President and CEO Oliver Tan.
Also, the continued issuance of strong ratings reflects the agency’s confidence in CREIT’s unique business model. A 100 percent occupancy leased out to solar operators and developers and operating in a crisis-proof industry has allowed CREIT to consistently declare above-prescribed dividends since its listing in the stock market in February 2022.
CREIT’s current land parcels form part of the expansion pipeline of its sponsor, Citicore Renewable Energy Corp., with its five gigawatts in five years goal in full speed.
Panagbenga fest continues to drive economic growth, tourism in Baguio
BBy Liza Agoot
AGUIO CITY—The annual Panagbenga Festival continues to boost Baguio City’s economy, generating income from various sources while attracting tourists and supporting local businesses.
Anthony De Leon, chairman of the Executive Committee of the Baguio Flower Festival Foundation, Inc., during a press conference on Thursday, reported that in 2024, the foundation remitted P6 million in taxes to the city government.
“We comply with tax regulations and remit payments after the event,” he said.
The festival generates revenue through special business permits issued to vendors participating in the monthlong Panagbenga Market Encounter and the weeklong Session Road in Bloom, which hosts about 450 stalls.
These stalls showcase a wide range of products from micro and small enterprises nationwide.
Local businesses also take part, offering food, beverages, and services. Small vendors selling fish balls, barbecue, hotdog, and milk tea, as
well as artisans selling woven fabrics and processed food, benefit from the increased foot traffic.
De Leon highlighted how Panagbenga has become a major event for Benguet’s flower growers, as the festival’s iconic floral floats require extensive arrangements and labor.
“A large float costs around P500,000, considering the flowers and workforce needed to create it,” he said.
“The festival has helped Baguio recover economically since the 1990 earthquake. We organize an event that benefits many, and it’s important to continue supporting it.”
Department of Tourism - Cordillera Administrative Region Director Jovita Ganongan, meanwhile, underscored Panagbenga’s significant role in boosting tourism and consumer spending on accommodations, food, and transportation.
She noted that packed bus stations and increased traffic during key events indicate strong tourist turnout.
“This is a good problem because it means income is flowing, benefiting businesses and workers alike,” Ganongan said. PNA
By Manuel T. Cayon @awimailbox Mindanao Bureau Chief
DAVAO CITY—Dolls portraying children of Moro and indigenous tribes in Davao Occidental are gaining interest among netizens and visitors of the province and prices are keeping tab with the materials and exquisite tribal art infused in the product.
The Katutubo Kids Malita dolls depicted in the art form represent the Blaan, Tagakaulo, and Manobo, as well as the Muslim tribes in the province.
The tribal dolls and their corresponding traditional clothes are crocheted by local artists, including mothers and students in Malita, who belong to the Blaan tribe, a Philippine Information Agency report said.
It said the products have been gaining popularity and marketability through social media.
It added that the Malita Tourism Office was not expecting the tribal dolls to gain traction in the Internet. The making of the dolls was originally crafted for souvenirs in a project turnover in August last year, but soon the products immediately gain interest and have now gone to different places in the country and even abroad through individuals who bought the dolls, the PIA said, quoting municipal tourism officials.
Jeremiah Danolko, Malita tour -
ism officer, disclosed of receiving more than 300 orders beginning in November from different visitors and online clients who saw the dolls through social media posting and sharing.
The dolls are adorned with bead accessories or “kinamagi” for their necklace, bracelet, waist bands. The dolls’ head dress are also intricately hand-made by the members of the Datu Danwata Women’s Association, Danolko said.
The dolls are placed in a box specially made of plant materials from “nito,” a fern vine growing in many Philippine forests, and which is one of the indigenous materials used to make their handicraft items, such as as trays, plates and baskets, and constainers, and as wearables such as bracelets and anklets.
“Tourism in Malita, can’t compete with the natural landscape of Boracay, Taal volcano, Mt. Apo. But we conceptualize something that we can compete with other places. We’ve come up with our culture, because we also want to put in the map our IP cultural communities,” Danolko said.
“Each piece is created with full respect and consent of the indigenous communities involved,” he emphasized.
The tribal IP dolls underwent product development to ensure their good quality and marketability, he added. The Malita Tourism Office also secured the free, prior, and informed consent (FPIC) of the tribes, which was a requisite in accessing traditional and cultural products and artifacts. Both the tribal chieftains from the 30 barangays
“The worth of your money will help the community and at the same time promote the culture of the indigenous peoples and identity represented by the tribal dolls.” The Malita Tourism Office was the only authorized entity to get orders of the dolls, which is sold at P1,000 per doll.
Interested individuals can buy one doll, or a set of girl and boy, or all four sets of the Manobo, Tagakaulo, Blaan tribes and Muslim.
Danolko said the local government “is not getting any profit from the earnings, and intends to promote and help the tribal communities to have an income. It’s a bonus that Malita gains popularity because of the IP dolls.”
in Malita and the National Commission for Indigenous Peoples also approved and supported the production and marketing of the tribal dolls.
Danolko said the nito adornments are also hand-made by the members of the Talugoy Association from the Tagakaulo tribe.
CITEM set to draw more global food industry players with bigger, bolder IFEX PHL 2025
THE country’s biggest international food, beverage, and ingredients trade show is set to return on May 22-24, 2025 for the 18th edition of IFEX Philippines, as organized by the Center for International Trade Expositions and Missions (CITEM).
IFEX Philippines has been a pioneering sourcing show catering to the export needs of the global F&B industry since its inception in 2004. The B2B trade event has been instrumental in the growth and development of export-oriented micro, small, and medium enterprises (MSMEs) as it provides an unmatched platform for creating and sustaining connections between trade buyers and exhibitors, consumers and product awareness, as well as innovations and decision-makers.
Scalability within reach THROUGH the years, IFEX Philippines has showcased over 5,000 global food products and labels from over 700 companies to more than 10,000 trade buyers and visitors hailing from 50 countries.
Having cast a wide net into the global food market amidst the ever-changing language of business connectivity and lasting engagement for its stakeholders, CITEM in recent years has developed an agile marketing tool for its thousands of participating exhibitors with IFEXConnect.com, the digital platform of IFEX Philippines.
Food suppliers registered under IFEXConnect are capacitated with a year-round lead generation storefront that simultaneously enhances the sourcing experience of buyers worldwide, strengthening the visibility of their respective brands that can lead to other potential opportunities, including cross-industry collaborations.
Bringing convenient networking to the country’s food suppliers, manufacturers, traders, consolidators, and private and public support organizations, among others, many of the exhibitors also gain unique access to the overseas food trade fairs for which CITEM regularly organizes the Philippine participation.
Appetite for diversity
ARMED with the biggest and most trusted brands in its export lineup, CITEM guarantees this year’s IFEX Philippines to offer a more robust environment, with its interactive and immersive features to enhance the sourcing experience of buyers and visitors coming from all over the world.
IFEX Philippines 2025 will have four distinct sectors lining up the Exhibition Halls of the World Trade Center Metro Manila, namely the FOODPhilippines Hall, International Zone, Sustainability Hall, and MarketPlace.
Aside from these main areas are the business-matching activities to facilitate seamless engagements between exhibitors and buyers with a dedicated Buyers’ Lounge for B2B transactions; a series of knowledgesharing conferences led by industry experts and thought leaders; and special events peppered throughout the fair to foster a collaborative business environment.
IFEX Philippines trade buyers will also have exclusive access to special rates for event accommodations and services, incentives and special activities under the Very Important Buyer or VIB Program. Add these to the fresh insights generated from the show floor sourcing experience and seamless market access to exhibitors through their respective digital storefronts at IFEXConnect.com available 24/7.
Responsibility and equity in the value chain
ANOTHER significant development this year is the co-location of the Sustainability Solutions Exchange (SSX) as the SSX Exhibition and Conference with IFEX Philippines. The SSX was created as a pioneering platform in the country aiming to empower and prioritize environmental and social responsibility in the food sector and other essential industries. Initiated as a three-day digital conference on 2325 March 2022, the Sustainability Solutions Exchange was integrated as a show feature in IFEX Philippines 2024.
Seeded in CITEM’s thrust toward progressive action and inclusivity, IFEX Philippines 2025, together with SSX, now takes a bolder stand in its globally responsible approach to contributing to sustainability and circularity in the food sector.
Participating exhibitors will be able to pursue better product development and market leads in international markets with the vast possibilities of integrating sustainable practices and technologies in their product lineups that range from the following: bakery products, snacks and confectioneries; beverages; cereals; food ingredients, condiments, and sweeteners; fruits and vegetables; functional and nutraceutical food; gourmet and specialty food; meat, poultry, and dairy; plant-based food; seafood; ready-to-eat and home-meal replacements; and allied food industries and trade services.
Through the dedicated spaces for product showcasing and the discussions stemming from the conference, networking, business matching, and pitching activities, CITEM projects a wider impact for SSX given the growing global movement for improving food production and consumption, and the diverse profile of IFEX Philippines trade buyers from Africa, the Americas, ASEAN and Asian Regions, Europe, Middle East, and Oceania.
CITEM will also hold the prestigious KATHA Awards for Food in recognition of the latest products and innovation from the selected offerings of participating exhibitors. The KATHA serves as a validation of product quality and a prime tool for amplifying local and international brand value and industry credibility among peers, stakeholders, and consumer markets.
Limited slots are still available for IFEX Philippines 2025. To register as a buyer or exhibitor, or how to be part of IFEX Philippines, visit ifexconnect.com To know more about CITEM’s export promotion efforts, news, and overseas trade fair participation, visit citem.com.ph
YThe tribal IP dolls are preordered “considering that they are intricately hand-made, which takes a week or two to finish a doll,” Danolko said.
“We want that before the dolls are received by the owners, they are in good quality.”
“I hope they will treat the dolls with due respect and put them somewhere to preserve their beauty and remembering the IPs. It’s empowering our people, our community,” Oralde-Quintayo urged the buyers and collectors.
“The Katutubo kids do not only represent Malita, but also represent the culture of the Philippines. Hopefully we are more proud not only for the preservations, but for continuing whatever traditions of the indigenous communities have,” Danolko said.
“They look at it as an opportunity to showcase their capability toproduce the dolls representing IP women and IP men, and at the same time, the opportunity to earn,” said lawyer Atty. Leonor Oralde-Quintayo, who is the NCIP Davao Occidental provincial director.
Expand your sales bubble
OUR ultimate task as a sales leader is to achieve sales goals.
But if you’re still not hitting those targets, perhaps you should consider expanding your bubble. A sales bubble refers to your current sphere of influence in selling. Ideally, we work within a specific limited bubble until we finally reach a high level of influence within that sphere. However, in many cases, sales leaders are reluctant to move beyond their current bubble due mainly to the discomforts that such a change brings.
According to Albert Einstein, “Doing the same thing over and over again and expecting different results is called insanity.” So unless you don’t want to surpass your current sales performance, then it’s high time to expand your bubble. Here are three tips to help you move beyond your current sales bubble.
Ask for referrals
YOU can’t depend solely on your lowhanging fruits like family, friends and acquaintances. Time will come, and if you’re reading this right now, perhaps it already came, that you’ll reach a dead-end and exhaust all organic contacts. The best thing to do is to always ask for referrals from your low-hanging fruits. Whether they say “yes, no, maybe” or “I don’t know” during your sales presentations, just ask for their recommendations regarding the people they know who may find your products or services helpful.
Actively increase your network
A SURE way of expanding your sales bubble is to actively increase your networking activities. You can do this by attending industry-related networking events and gatherings to introduce your business and interact with people. I usually join
expos and conferences to connect with potential partners and clients, and pursue exploratory discussions. New possibilities and opportunities typically emerge out of these activities.
Develop relevant content
ANOTHER ideal way to expand your sales bubble is to offer helpful and relevant information. You can do this by writing a book or even short articles and videos that can be easily accessed by your target audience. Leverage on social media and be consistent with your content and visibility. Bruce Springsteen once said that “Getting an audience is hard. Sustaining an audience is hard. It demands consistency of thought, purpose and of action over a long period of time.” That’s right, there is no shortcut to expanding your sales bubble, you achieve this through consistency over the long haul.
Go ahead and start expanding your sales bubble today and soon enough, you will experience improvements in sales performance. God bless!
Alexey
DBM vows procurement process bared to public as law’s IRR out
By Ada M. Pelonia
EVERY stage of the procurement process will now be disclosed for public monitoring under the new government procurement act, according to the Department of Budget and Management (DBM).
This was expressed by Budget
Secretary Amenah F. Pangandaman during one of the side events at the Asia and the Pacific regional meeting on the Open Government Partnership-initiative of the Asian Development Bank. Under Republic Act (RA) 12009,
Edata and documents at all stages of procurement—from planning to contract implementation—will now be disclosed for public monitoring, Pangandaman said. “As called for by our taxpayers, this allows our citizens to track government spending and ensures
that resources are utilized efficiently and appropriately to improve public service delivery, true to the spirit of open and participatory governance,” she added.
Pangandaman and the Government Procurement Policy Board–Technical Support Office approved and finalized the implementing rules and regulations (IRR) of RA 12009, or the New Government Procurement Act (NGPA). The IRR would serve as the guidelines governing the new procurement law. Pangandaman said the IRR’s approval was “one of the fastest, if not the fastest crafting of an IRR,” which she said usually took time.
“This time, it took only six months. This is a testament to our commitment to ensuring that this law is not only passed but truly implemented,” said the Budget Secretary.
The NGPA was signed into law
on July 20, 2024, by President Ferdinand R. Marcos Jr. It enhances the decades-old RA 9184 (Government Procurement Reform Act) by modernizing and increasing the transparency of the government procurement process.
The IRR of the NGPA stipulates the governing principles of government procurement, which include transparency, competitiveness, efficiency, proportionality, accountability, participatory procurement, sustainability, and professionalism.
It added that the IRR should also apply to all procurement by any branch, agency, department, bureau, office, or instrumentality of the government including governmentowned or controlled corporations, government financial institutions, state universities and colleges and local government units.
Bond yields dip as rate cut bets grip investors
THE market’s rate cut bets helped in the accouchement of low yields of Treasury bonds (T-bonds) in Tuesday’s auction, allowing the Bureau of the Treasury (BTr) to raise P30 billion.
With a remaining term of seven years and seven months, the government securities’ average yield settled at 5.973 percent. This is lower by 2.1 basis points (bps) than the comparable 7-year PHP Bloomberg Valuation Service Reference Rates (PHP BVAL) yield of 5.994 percent.
The T-bond average auction yield also declined by 27.6 bps from an earlier rate of 6.249 percent set during the sale of the same tenor on January 14, 2025.
Investors asking yields were as low as 5.900 percent to a high of 5.984 percent. The coupon rate for the debt papers was set at 6.750 percent.
the Bangko Sentral ng Pilipinas (BSP) is set on Thursday for a 25bps policy rate cut, bringing it to 5.50 percent. “Today’s inflation [is] well-within the policy target band while [the] 2024 GDP [gross domestic product] growth turned out weaker than expected at 5.6 percent,” Chutchotitham wrote. He noted that Remolona commented that the economy is “growing a bit below capacity” after, in line with the BSP’s “Q4 2024 Monetary Policy Report,” which assessed that the output gap would remain negative in 2025 and close by 2026.
“We continue to see that the real policy rate still appears fairly tight by historical standard, even if considering the BSP’s own risk-adjusted inflation forecasts at 3.4 percent in 2025 and 3.7 percent in 2026,” as at the December 2024 meeting, Chutchotitham added.
Meanwhile, Ricafort noted that global crude oil prices lingered among 1-month lows and among 3-year lows recently, which “could support benign local inflation and support monetary easing in terms of cuts in local policy rates and reserve requirement ratio in the coming months.”
By Butch Fernandez @butchfBM
XCLUDING government offi-
cials and employees—including the President—from the protective cover of the Bank Secrecy law may help expose the ill-gotten wealth of some of them, senatorial candidate Panfilo M. Lacson said last Tuesday.
The veteran lawmaker, who is seeking to return to the chamber where he became known as the most diligent in examining the budget, said the lifting of bank secrecy cover
“It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” Charles Darwin
CHANGE. Re-engineering. Innovation. Transformation. Call it what you will, the phenomenon of change is inevitable, eternal, inescapable, and I believe, imperative. Change is, as Alvin Toffler (author, futurist) puts it, “not merely necessary to life, Change is life itself.”
The World of Business–A changing panorama
THE world of commerce and business has experienced change, perhaps more so than any other spectrum of life. Advancements in science and technology, intense global competition and access to unprecedented levels of information have irredeemably transformed the way business is done.
Imagine, for a moment, the business marketplace just five decades ago (the 1970’s). Imagine leading or working in a company with no access to computers, without internet capabilities, without management information systems, without access to sophisticated data on markets, customers, competitors or suppliers. Envision also radically less chaos, less competition, less pressure to produce quarterly results, less globalization, less risks?, etc.. The business world has changed in unprecedented, unimagined ways, and with change has
for state officials tops his priorities should he be elected.
“The first bill I will file, and I have done this in past Congresses, will be on the waiver for the rights to the Bank Secrecy Act of all government officials, from the lowest clerk or janitor, all the way up to the President,” he said in Filipino at a news conference before the proclamation rally of the “Alyansa ng Bagong Pilipinas” organization. Lacson earlier said this will also allow the early detection of questionable bank transactions like in the
come complexity, competition, and chaos, higher returns but significantly higher risk.
What has changed?
TOO much has changed. And being engulfed in these changes, it is often hard to see the ‘big picture’ of change clearly. Some of the factors that have driven change may be attributed to the following -
Ubiquitous technology
THE level of use of technology seems to drive differentiation in business advancement. Artificial Intelligence (AI), an unknown thing five decades ago has hugged the headlines lately. ChatGPT was once the “in thing” until DeepSeek came. According to one recent social media release, DeepSeek scored 5.5 out of 6.0, outperforming OpenAI’s o1–its advanced reasoning (known as “chain of thought”) model–as well as ChatGPT 4o, the free version of ChatGPT. Speed and costs are key reference points in judging which is better.
Production paradox and vision to supply the world BEFORE, productivity and prof -
case of dismissed Bamban Mayor Alice Guo, where billions of pesos were reportedly transferred to her accounts from 2018 to 2024.
The last version of his proposal was Senate Bill (SB) 26, which Lacson filed in 2019 (18th Congress).
The proposed measure strips public servants of the “protection” from Republic Act (RA) 1405, which prohibits disclosure or inquiry into bank deposits as a general rule.
He noted that the provision in RA 1405 prohibiting the disclosure of or inquiry to bank deposits has
itability were assumed to move together. China has enormous production capacity and it has supplied the world with cheap goods. With the new leadership in the White House, mindful of the balance of trade with its trading partners, started to improve the US balance of trade by imposing tariffs. This move by the biggest world economy triggers disruptions for which no economy has prepared for. As of now, it is premature to predict next steps by and eventual consequences to the economies of the world.
Globalization
WHAT happens in one part of the world, now significantly impacts the other. Global and local knowledge have become increasingly relevant, for a business to survive. America’s embrace to Make America Great Again (MAGA) as espoused by Donald Trump more than attests to what globalization is all about.
Change thyself–Adjusting the sails
THE business world changed in the past and it will continue to change at a much faster pace. In this environment, the survival and growth corporations will be driven by their capacity to change and constantly and consistently adapt to the environment.
An old song has lyrics that are good to share, “I can’t change the direction of the wind, but I can adjust
frequently been exploited to “hamper and stall investigations” of government officials and employees suspected of enriching themselves while in public office. Also covered by the bill are members of the uniformed services, as well as of government-owned and controlled corporations.
Lacson received a warm welcome from residents who showed their support for him. In the 2016 elections, he topped the senatorial race in Laoag City, and placed second in Ilocos Norte province.
my sails to always reach my destination.” So it must be, for businesses to survive in the world and in the Philippines.
‘Adjusting the sails’ or constant adaptation to the external environment is not easy for any business entity. Companies must constantly clarify their core purpose, vision and destination in the changing landscape. Companies must reassess the structure, strategies, processes and collective behavior. Most importantly, companies need to propagate a corporate culture that embraces change and encourages innovation. And finally, largescale change programs are successful only when they are led from the ‘top’, by committed change agent leaders, and are implemented with purpose and passion.
In the dynamic marketplace, what leaders can most give to organizations is the capability of reinvention or transformation, the corporate culture of change. As a change driven leader, one empowers the company to navigate the seas, adjust its sails and reach its destination. It is then that one truly creates the change one wants to see.
Conchita L. Manabat is the President of the Development Center for Finance, a Trustee at the University of San Carlos, and San Carlos School of Cebu Inc. She is a member of the Stakeholder Advisory Council of the Public Interest Oversight Board and she chairs the Advisory Council of the International Association of Financial Executives Institutes (IAFEI). The views she expressed here do not necessarily reflect those of the BusinessMirror
The auction was 2.3 times oversubscribed, with total bids reaching P67.61 billion while P37.61 billion was rejected. According to Michael L. Ricafort, chief economist at the Rizal Commercial Banking Corp. (RCBC), the downtrend in the average yield of Tbonds was caused by market expectations of a 25-basis point (bps) key policy rate cut this week, . Central bank Governor Eli M. Remolona Jr. signaled that a rate cut is on the table in the meeting of the Monetary Board (MB) this February 13, as the economy continues to underperform.
Interest rates could be reduced by 50-bps this year to bring down interest rates to 5.25 percent. The second 25-bps cut is expected in the second half of the year.
Citi Economist for the Philippines Nalin Chutchotitham said in a briefing paper on February 6 they believe
THE Bancnet Inc. announced that switched transactions processed by its eponymous electronic payments network hit the 2-billion mark in 2024, with a total of 2.37 billion switched transactions for the year. This is 690 million, or 41.2 percent, more than the 1.68 billion switched transactions recorded for the whole of 2023, a statement by the firm issued last Tuesday read.
It added that the transaction volume in 2024 was worth a total of P11.38 trillion, which is a P2.88trillion or 33.9-percent increase compared to the 2023 total value of P8.50 trillion.
Switched transactions consist mainly of fund transfers, cash withdrawals, balance inquiry, bills payment, payments to merchants using a debit card or QR Ph code, and payments to government agencies. They are transactions of a bank or e-wallet customer using the facilities, services, billers, and business establishmentpartners of another bank or e-wallet, such as ATMs, point-of-sale (POS) terminals, the QR Ph code, and InstaPay. As the national switch for ATMs and POS terminals, BancNet interconnects these banking channels to provide enhanced convenience to its members’ customers.
Fund transfers and payments through InstaPay, dominated Banc-
The decline in yields also aligns with the recent easing in US Treasury yields, as the 7-year US Treasury yield slipped to 1-month lows at 4.42 percent, down from the peak of 4.72 percent on January 13, 2025, added the RCBC executive. This February, the Treasury aims to raise a total of P115 billion by auctioning T-bonds and P22 billion from Treasury bills. The national government aims to borrow P2.545 trillion, following an 80:20 borrowing mix in favor of domestic sources amounting to P2.037 trillion. The government’s outstanding debt reached P16.05 trillion as of end-December 2024. Ada M. Pelonia
Net’s volume last year, as consumers continued to savor the convenience of digital fund transfers and payments which was whetted during the covid 19 pandemic. InstaPay transactions, at 1.45 billion, comprised 61.4 percent of the 2.37 billion switched transactions processed, while other transactions had a share of 38.6 percent, at 920 million.
InstaPay is a real-time fund transfer service operated by BancNet which was designated by the Bangko Sentral ng Pilipinas as operator of a designated payment system (ODPS). InstaPay enables a bank or e-wallet customer to securely transfer funds from a bank or e-wallet account to another account in a different bank or e-wallet in real-time, using his mobile app. As ODPS, BancNet is tasked to ensure the safe, efficient, and reliable operations of InstaPay. Despite the overdrive, BancNet’s systems remained robust throughout 2024, delivering average service availability rates of 99.995 percent for InstaPay and 99.994 percent for ATM services.
BancNet has 110 members with a combined card base of over 121.2 million, and an extensive network of more than 27,600 ATMs, about 607,000 POS terminals, 90 InstaPay participants and over 1,600 biller companies.
Bank of the Philippine Islands awarded by IFC for leading charge in climate action
IN a commendable feat, the Bank of the Philippine Islands (BPI) has been awarded by the International Finance Corp. (IFC) Climate Assessment for Financial Institutions for its exceptional commitment to climate action and efforts to mitigate climate change. The recognition for the “Highest Estimated Greenhouse Gas Emissions Mitigated” in the East Asia and Pacific region is a milestone achievement, marking the first time a Philippine financial institution has received such an honor.
tion but also an inspiration for other financial institutions in the region to prioritize and
BPI’s impressive reduction of 1,754 thousand tCO2e/year in greenhouse gas emissions stands as a testament to the bank’s unwavering commitment to sustainable finance and climate action. This recognition is not only a reflection of BPI’s dedica-
Conchita L. Manabat
Erectile dysfunction may not just be a source of embarrassment but a serious health issue
INTIMACY matters whether it’s Valentine’s Day or any other day. Unfortunately, a condition like erectile dysfunction (ED) can put a damper on even the most intimate moments. While ED may be awkward to discuss, the country’s top hospital Makati Medical Center (MakatiMed, www.makatimed. net.ph) explains that more than just disrupting a couple’s time together, ED can also be a warning sign of underlying health woes. ED is defined as difficulty getting and/ or keeping an erection. This includes the inability to get a firm enough erection to have penetration and complete sexual intercourse, despite the desire to engage in sexual activity. According to Hermenegildo Jose B. Zialcita, MD of the hospital’s Section Head of Urology, ED is typically found in older men but it can happen to anyone.
“It is not normal to have erection issues, and it is best to see a doctor if it has come to a point where it affects your self-esteem and your relationship,” shares Dr. Zialcita. “A physical exam along with a detailed medical and psychological history is typically all that’s needed for a doctor to diagnose erectile dysfunction and recommend treatment.”
According to John Hopkins Medicine, ED may affect approximately 322 million men worldwide in 2025, and with over 75% percent of them not seeking treatment according to the Philippine Urological Association Inc., Dr. Zialcita is encouraging men to change those numbers by consulting with qualified medical experts if they notice signs of ED.
MakatiMed shares the doctor’s sentiment that ED may be a sign of underlying issues related to blood circulation to the penis, which may be related to Cardiovascular, Neurologic, and Endocrine issues.
This condition has also been considered as an early sign of a circulatory problem. “For instance, conditions like atherosclerosis or blocked arteries may impact overall blood flow, which results in erection issues,” explains Dr. Zialcita.
Similarly, conditions that affect the nerves and neurological functions can disrupt the brain’s ability to communicate with the reproductive system, causing ED. “Stroke, spinal and brain tumors, Alzheimer’s disease, and multiple sclerosis can also lead to ED,” shares Dr. Zialcita.
Still, Dr. Zialcita reassures men with ED that they don’t have to say goodbye to intimate moments forever. Treatments will depend on what is causing the dysfunction. This may include medications to control blood pressure, cholesterol, or blood sugar, hormone therapy for testosterone or thyroid function, adjusting medications if ED is a side effect, or counseling to address mental health issues. Oral medications are also used to treat ED by improving blood flow to the penis to achieve and maintain an erection.
“Making certain lifestyle changes also makes a huge difference. I often recommend patients to maintain a healthy weight and begin some type of regular exercise, especially aerobic activities such as walking, jogging, or swimming, to improve circulation and overall health,” stresses Dr. Zialcita.
“Men shouldn’t be embarrassed to seek help,” emphasizes Dr. Zialcita. “If ED is constantly getting in the way of the best moments with your partner, talk to your doctor. Because addressing ED isn’t just about restoring intimacy — it’s also about improving your quality of life and preventing more serious complications.”
Thriving under pressure
There will come a time when the workplace will become chaotic and everything seems to be urgent all at once. There will be tight deadlines, shifting priorities, or unexpected challenges that can overwhelm even the most wellstructured teams. During this time, your ability to keep your team focused and united is critical if you want your team to maintain their level of enthusiasm without sacrificing productivity and quality of work.
The first thing you need to do is to prioritize and communicate clearly. Identify what truly matters and communicate those priorities so that your team understands which tasks need to be done first. When work piles up, confusion can quickly set in and your team can get lost in multitasking or other tasks that do not contribute to the team’s overall goals. Provide clear directions, set realistic deadlines, and ensure your team knows what needs immediate attention versus what can wait. For example, if a marketing team is managing multiple campaigns, setting clear priorities on which launch to complete first helps prevent last-minute scrambles. It is also important to explain your decision-making process so your team understands the factors behind your prioritization. Over time, this empowers them to anticipate issues and suggest solutions before problems arise.
No one can handle everything alone, so effective delegation and teamwork are essential to ensure everyone on the team is maximized. Encourage your
team to leverage each other’s strengths by assigning tasks strategically, ensuring weaknesses are balanced by complementary skills of other team members. This prevents burnout, promotes learning, and keeps work flowing efficiently. For example, when planning a major team event, assigning tasks based on expertise and experience leads to smoother execution and quicker problem-solving. Effective delegation also fosters collaboration and helps team members navigate personal differences while staying focused on shared goals. A high-pressure environment can lead to misunderstandings and frustration which makes open communication essential to team dynamics. Since you cannot read minds, understanding your team’s needs and challenges is key to providing the right support. You can do regular check-ins, provide constructive feedback, or create a safe space for team members to voice concerns. These help foster transparency and trust. You can also hold quick daily stand-ups to discuss key issues needing immediate attention to ensure alignment and keep everyone on the same page. While formal meetings are valuable, informal conversations during breaks can also offer insights to your team’s needs.
Stress can take a toll on productivity and team spirit. Support well-being and morale by encouraging your team to take breaks, recognizing hard work, and creating moments of relief when work has become onerous. Even small gestures like acknowledging achievements, patting team members on the back, and offering flexible work arrangements can make a difference in making your team feel that you have their best interest at heart.
Consider how progressive companies have provided nap pods and recreational activities to help their employees recharge and maintain creativity.
Of course, every organization and each team have their own way of relating with each other depending on the culture of the organization and the nature of their industry which limits what your team can do to recharge. However, it is crucial to identify what helps your team stay energized, especially during periods
of sustained heavy workload. When you notice lapses in judgment, missed deadlines, or declining work quality, it is a sign that your team needs a break. Providing intentional breathers, whether through short breaks, team activities, or flexible work arrangements, allows them to reset, refocus, and maintain high performance.
Work dynamics can shift quickly and your team needs to be able to adjust quickly to these changes.
Emphasize problem-solving and a growth mindset so that changes feel like opportunities rather than roadblocks. During the pandemic, many teams successfully transitioned to remote work by embracing digital collaboration tools which made it easier for teams to collaborate. When you focus on solutions more than the limitations, you will encourage your team to proactively look for new ways of working.
Your team will always take cues from your behavior, especially in high-pressure situations. When things become hectic, your ability to stay calm, organized, and solution-oriented sets the tone for the entire team. If you demonstrate resilience and a positive mindset, your team is more likely to adopt the same attitude. By maintaining composure, addressing issues methodically, and reassuring your team, you help them stay focused on solutions rather than obstacles. This not only keeps productivity on track but also strengthens the team’s ability to navigate difficulties with a proactive mindset.
When work becomes overwhelming, unity and clarity help your team navigate challenges effectively. Prioritizing high-impact tasks prevents confusion and ensures focus, while clear communication and structured workflows keep everyone aligned. Providing support fosters collaboration and resilience, allowing team members to leverage each other’s strengths and seek help when needed. By staying calm, decisive, and solution-oriented, you create an environment where your team can confidently complete their tasks and contribute meaningfully to the team’s goals. n
These scents might take over 2025. Here’s how to wear them
IN 2024, our noses had a field day. The rise of Fragrance TikTok made people dive into niche scents and rediscover old gems. More fashion brands and celebrities have launched extensions of themselves, a.k.a. perfume lines. Gen Zs are “smellmaxxing,” or layering fragrances all in effort to improve one’s personal scent. Suffice to say, there’s value in scent — after all, it starts with how people present themselves everyday. From attempting small talk in new places to keeping yourself feeling great despite a bad day, you can’t underestimate how a good-quality whiff can make a difference. Smelling good can have effects in the long run too, like amping up a sacred currency called selfconfidence. The new year is here, and while an Instagram Reels-approved personal rebranding may sound like a tall order, you can at least reward yourself with fine fragrances — and you don’t need a bank-breaking perfume to pull it off. Here’s a guide on the most sought-after scents this 2025:
LET MOOD-BOOSTING
ACCORDS MAKE YOUR DAY
YOU’VE heard about oxytocin. There are many ways to produce these happy hormones—think exercising, listening to your favorite playlist, or doing a random act of kindness. Did you know that certain scents can boost your mood as well? Mood-boosting scents are expected to make more hits this year. Lavender, for one, is a popular go-to for stress and anxiety relief, perfect for days when you want to wind down. It can also improve sleep quality, which makes sense for its existence in essential
oils. Mint also makes for a great choice when you want that invigorating and refreshing feeling.
BATHE IN ZESTY NOTES IN the mood for something citrusy with a twist? The scent of bergamot, which is a captivating mix of fruity and spicy, has been receiving love from fragrance enthusiasts. The bergamot orange, despite being a small and bitter fruit, has become flexible in the scent department — take Le Labo’s Bergamote 22 and MALIN+GOETZ Bergamot perfumes as examples. Nothing like a scent that motivates you to get up in the morning, just because you’re feeling good.
EXPECT SCENTS THAT SMELL SO DELICIOUS, YOU’LL WANT TO EAT THEM WHO knew people would get so excited about smelling like food? Gourmand whiffs drove massive attention in 2024, and it’s bound to get even bigger this year. Spate’s trend report reveals that the keyword “foodie fragrances” received a 139.6% rise in searches year-onyear until December 2023, while “gourmand fragrances” garnered a 77.5% increase. Meanwhile, Business of Fashion notes the boom may be linked to people’s nostalgia, especially for the ’90s and 2000s. It may also indicate what today’s consumers crave in general.
GET DREAMY WITH FLORAL FRAGRANCES
FRAGRANCE experts are gearing up for a comeback of floral scents, including more exploration and experimentation. Come to think of it, nothing beats the classic — many grew up playing around with scents that paint a fun, imaginative and vibrant garden, almost like a comfort zone smell. There’s a reason why the saying
Intense and Dior Sauvage Elixir. HOP ON THE TREND THIS 2025 FOUND a fragrance trend you resonate with? Good news is all four accords are present in the AXE Fine Fragrance Collection. Each variant doesn’t just smell good, but also is a catalyst for feeling good — thanks to its invigorating and refreshing scents. Designed by legendary fragrance industry phenom Ann Gottlieb, who was also the nose behind the world’s best perfumes from Calvin Klein and Christian Dior, tp name a few, AXE fragrances are curated for every vibe. There’s Blue Lavender which not only has lavender and mint fragrance notes but also gelato and vanilla accords; Aqua Bergamot which has notes of bergamot orange, a citrus fruit enticing both in taste and smell; and Emerald Sage with Geranium notes, boasting a crisp, green scent. The AXE Fine Fragrance Collection of Blue Lavender, Emerald Sage, or Aqua Bergamot can be found at Watsons stores nationwide and online through Shopee, Lazada, and TikTok Shop.
“Stop and smell the roses” exists. Examples of floral fragrances include Hermes Equipage Geranium, Dior Homme
mWell Launches First Medical Drone Delivery in Southeast Asia
mWell, the digital healthcare arm of Metro Pacific Investments Corporation recently made history as it introduced mWell OnTheGo Drone Delivery. The first medical drone delivery in Southeast Asia was launched in Barangay Niogan, Pilila, Rizal. The service is designed to complement the telemedicine services provided to geographically isolated communities.
“Distance should never be a barrier to healthcare,” said mWell Chairman Manuel V. Pangilinan. “Through drones, we’re bridging the distance between patients and life-saving medicines. This isn’t simply a matter of convenience, but of getting help to every Filipino that needs it.”
“Our commitment has always been to find innovative ways to make health and wellness accessible, affordable and available to our countrymen anytime, anywhere. Drone technology enables us to provide medical supplies to Indigenous Peoples (IP) communities and remote areas nationwide. Through our partnership with the Department of Information and Communications Technology, we will be able to serve more areas and enhance patience outcomes,” said mWell CEO and President and MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal- Revilla.
The launch of mWell OnTheGo Drone Delivery was attended by Information and Communications Secretary Ivan John Uy, Health Assistant Secretary Ariel Valencia, mWell representatives led by Business Development Head Tisha Quinitio, Managing Director of Philippines Flying Labs (PFL) Dr. Heidi Sampang and other government officials.
“Maipagmamalaki natin sa ibang bansa na hindi tayo nahuhuli (We can proudly say that we are not being left behind by other countries). We have a medicine drone delivery service that can provide medicines to far flung areas in our country. Maraming kababayan natin ang matutulungan ng serbisyo na ito (Many of our countrymen will benefit from this service). We would like to thank our private partner, mWell for helping us make this happen,” said Uy.
As the head of mWell’s technology partner, PFL’s Dr. Sampang says, “Our partnership with mWell will transform
the Philippines’ healthcare by strengthening the service delivery infrastructure using innovative technology expanding access to quality care and addressing disparities in underserved communities.”
The Philippines’ health and wellness mega app has been providing mWell OnTheGo Clinic-In-A-Bag to enable teleconsultation in remote areas including Turtle Islands in Tawi-Tawi, Calayan island and Sacol island just to name a few. Each bag contains a tablet/mobile phone, health passes for online doctor consultation, Smart Pocket Wi-Fi and an mWellness Kit containing a digital thermometer, blood pressure monitor and oximeter.
Providing teleconsultation services to farflung communities is made possible through mWell’s partnership with DICT’s Broadband Ng Masa (BBM) initiative which enables better access and connectivity in areas with little to no internet connection, as well as the SMART Villages and SMART Islands program which demonstrate the transformative potential of digital solutions in enhancing community health and well-being.
During teleconsultations conducted in these communities, a critical barrier to effective patient care remained: difficulty in acquiring prescribed medications due to limited pharmacy access and medication shortages.
“We have received feedback that after consultations, doctors prescribe medicines that are sometimes unavailable in health centers. Since these patients are in remote areas, we thought about how to get the medicines to them. That’s why we partnered with the Philippines Flying Labs, which offers drone delivery services,” said Quinitio.
“Our goal is to send medicines using drones. After an mWell teleconsultation, with just
a click on their tablet, medicines can be delivered directly to remote areas via drone,” she added.
In 2015, Dr. Sampang, partnered with Patrick Meier, a global expert on humanitarian use of drones and Engineer Joel Cruz to form PFL. They developed an onboard computer to enable the drone to handle long-distance cargo missions and to land on a second site. PFL used an ArUco marker-- a giant QR code placed on the ground at the target destination to enable precise landings. PFL was the first in Asia to deliver mRNA vaccines using insulated cargo box innovation and was the first in Southeast Asia in 2022 to use cargo drones for medical deliveries across oceans.
In Barangay Binicalan in Agusan del Sur, the habal-habal is the only mode of transportation available. This makeshift motorcycle has wooden panels to carry up to 10 passengers. In small island communities like Tawi-Tawi, a small boat is the only way to travel between islands. In areas such as these, delivering medical supplies can be expensive, extremely difficult and sometimes impossible.
Using drone technology, the 14-kilometer journey on the habal habal that typically takes two hours can be completed in just ten minutes. Similarly, the island drone delivery from Sibutu to Sipangkot in Tawi-Tawi, which normally takes two hours, will only require eight minutes. In addition to speed, the quality of care is positively impacted by drone delivery. Because health workers no longer need to transport supplies, they have more time to provide quality care for their patients.
Using the mWell app, medicine delivery using drone technology brings healthcare to greater heights.
LG Triumphs at 60th Anvil Awards for Bridging Art and Technology
As part of the initiative, LG donated its cutting-edge OLED AI TVs, equipped with the advanced α11 AI Processor to enrich visuals and provide deeper historical insights, revolutionizing how visitors experience cultural artifacts. The success of the campaign was made possible through the strategic expertise of M360 PR+Activations Agency, which played a pivotal role in the creative conceptualization and seamless execution of the project. From shaping the narrative to orchestrating impactful storytelling, the agency ensured that LG’s cutting-edge OLED technology was not just showcased but also meaningfully integrated into the cultural experience. M360 PR+Activations also curated an engaging launch event, bringing together key
media partners who amplified the campaign’s reach. Beyond the launch, museumgoers experienced firsthand how innovation enhanced their appreciation of Juan Luna’s Spoliarium, solidifying LG’s role in bridging technology and heritage.
Nakhyun Seong, Managing Director of LG Philippines, shared his thoughts on the achievement, stating “At LG, supporting the arts and culture is an integral part of what we do. We are honored to collaborate with the National Museum of Fine Arts for the 140th anniversary of the masterpiece Spoliarium by Juan Luna. Through our donation, we hope to provide a deeper appreciation of Filipino artists’ works while creating an immersive and interactive experience for all visitors.”
National Museum of the Philippines Director-General Jeremy Barns, CESO III, expressed his appreciation for the initiative, stating: “At the National Museum, we are always looking for new ways to enrich how visitors engage with our cultural treasures. This collaboration with LG Electronics is a perfect example of how technology can deepen historical appreciation. Through LG’s OLED AI TVs, we are able to offer a more immersive and enlightening experience for all who come to see Juan Luna’s Spoliarium and other masterpieces.”
The Anvil Awards, organized by the Public Relations Society of the Philippines, recognizes exemplary public relations campaigns and tools that showcase innovation and excellence. LG’s campaign stands out as a remarkable example of how modern technology can elevate the appreciation of historical and cultural treasures.
This award highlights LG’s commitment to cultural preservation, setting a benchmark for future collaborations between technology and the arts.
As LG enters its 12th year with OLED in 2025, the tech company hopes to continue to lead in the technology, break new ground, as well as push the boundaries of entertainment. LG perseveres and takes pride in supporting initiatives that bring people together, spark creativity, and promote education, aligning with LG’s brand promise of “Life’s Good” and mission of creating a better life for all through smart life solutions, here in the Philippines and around the world.
Life’s about more than having the latest technology; it’s about the experiences technology creates that impact our lives. Like and follow LG Philippines’ social media accounts (@lgphilippines) on Facebook Instagram and TikTok and visit www.lg.com/ph for more information.
Forest Lake celebrates stakeholders behind ‘I am Forest Lake’ program
FOREST Lake Development Inc. capped the year 2024 by presenting an initiative that aims to celebrate the success-driven people behind Forest Lake, the country’s leading memorial park developer.
Aptly called “I Am Forest Lake,” the program takes immense pride in the employees, sellers, and sales leaders who continue to propel the company to its coveted status in the industry. By showcasing their stories and their vital roles in Forest Lake’s growth, the initiative affirms how the company values its people, builds their morale, and fosters loyalty and a sense of belonging among them.
For one, “I Am Forest Lake” motivates the company’s sales leaders by acknowledging their accomplishments, stressing on their crucial role in Forest Lake’s success.
“I Am Forest Lake” likewise spurs clients and customers to share the trust and satisfaction they experience as they avail of Forest Lake’s services, highlighting how the company offers comfort and support in meaningful ways.
At the event held last December 3 at the luxurious Okada Hotel, “I Am Forest Lake” validated the company’s commitment to fostering deeper emotional connections with their stakeholders. This was achieved by relating the personal success stories of employees and sellers and through testimonials that reflect on Forest Lake’s mission on families and communities. These in turn revealed the heart and humanity that lie at the center of any successful business.
Forest Lake President and CEO Alfred Xerez-Burgos III underscored this point, saying, “At Forest Lake, our success is built on the dedication of our employees, sales leaders and sellers, and the trust of our clients. Through ‘I Am Forest Lake,’ we celebrate the people who make our mission of care and service possible.”
Among the many people who were honored at the event was Ruperto Rivera Jr., Group Chief Finance Officer for Forest Lake. Rivera was awarded for his twenty years of service with the company, a tenure marked by excellence and loyalty.
Rivera expressed his gratitude for the recognition, saying, “As someone who has been part of Forest Lake
WPRESIDENT & CEO, Alfred Xerez-Burgos III, takes a moment to appreciate the gallery honoring Forest Lake’s five-year, 10-year, and 20-year service awardees. Their dedication and contributions remain an integral part of the company’s success and legacy.
for two decades, am deeply honored to be part of this celebration. It reminds us all that our work is not just about numbers—it’s about people, families, and the legacies we help create.” Forest Lake’s clients were equally jubilant as they spoke at the event about the positive impact Forest Lake’s services have had on families and communities. Hailing the contributions of all these stakeholders is an act of gratitude on the part of Forest Lake. “Our employees and sellers are the heart of Forest Lake,” HR Director Jose Antonio Xerez Burgos asserted. “Their stories of perseverance and dedication inspire us to continuously improve and create a workplace where everyone feels valued.”
All in all, “I Am Forest Lake” empowered everyone in attendance to stay on track as they make Forest Lake not just a memorial park developer, but a “community built by people, for people.”
For more information, interested customers may view Forest Lake’s official Facebook page at fb.com/forestlakememorialparks and Instagram @ forestlakememorialparks.
HO says Valentine’s Day is just for couples? At Richmonde Hotels, love is all that matters. With offerings that welcome the celebration of every kind of love, anyone and everyone can rendezvous to Richmonde for a sweet escape or a hearty dinner feast.
Happy hearts unite at Richmond Hotel Ortigas PAINT the town red and revel in good food and great company at Richmonde Hotel Ortigas’ Richmonde Café on Valentine’s Day. No romance is required here on February 14, 2025 so dine and indulge with family, friends, or workmates on this Red-Letter Holiday and make it an unforgettable night filled with fun, laughter, and tasty flavors.
On the menu are appetizers, salads, and desserts at the buffet spread, salmon with avocado mousse, cream of beetroot with lime soup, a choice of filet mignon or sea bass for the main course, and caramel-cured egg yolk sorbet as palate cleanser. Served with a glass of white or red wine or mocktail, this Valentine’s Dinner is priced at P2,598 nett per person and is served from 7 pm to 10 pm. Make it a TGIF kind of Valentine’s Day with your bestie or have the ultimate date with your special someone with Richmonde Ortigas’ Happy Hearts Room Package. Offering cozy overnight accommodations and two seats at Richmonde Café’s Valentine’s Dinner Special, this promotional package is sure to bring a blissful stay at rates starting at only P7,800 nett (room only) and P8,800nett (with breakfast buffet for two), inclusive of Wi-Fi access, and use of the Health Club’s gym and heated indoor pool. Over at The Exchange Bar, love isn’t just for pairs but for parties of three. Embrace the power of the triad and gather your best buds or bring along a third wheel for the special Trio Treats available for groups of three on February
for instant confirmation on room bookings.
Love on a weekend at Richmonde Hotel Iloilo THERE’S no better place to celebrate this Valentine’s season than in the City of Love! Whether in love, waiting for love, or happily single, Richmonde Hotel Iloilo is treating everyone to a splendid stay to commemorate the holiday of hearts with its best rates starting at P7,500nett per night with breakfast buffet for two, during the weekend of February 14, 15 and 16. Let the spirit of love soar with exciting perks to make your Iloilo getaway even more rewarding—a welcome amenity, 10 percent off on orders from The Granary, BizBar, and Zabana Bar (except for pastries), 10 percent off on pampering massage services, Wi-Fi access, and free use of the gym and pool. For those with food as their love language, let The Granary’s Wine and Dine Valentine’s Dinner Buffet give you all the love that you need with its overflowing spread of gourmet delights highlighted by the cochinillo, turkey, and braised short plate at the carving table, assorted
Representatives from the Department of Information and Communications Technology, Department of Health, Philippines Flying Labs witnessed the launch of mWell OnTheGo Drone Delivery in Pilila Rizal.
In the photo are, from left, Jorell Legaspi, Deputy Director of the National Museum of the Philippines; Nakhyun Seong, LG Philippines Managing Director; and Yongwoo Park, LG Philippines Product Director for Home Entertainment
The Antonio family-led Century Properties Group (CPG) recently unveiled the second phase of Azure North featuring the Mykonos Tower, the first mid-rise building in the estate.
The company also introduced the Azure North Waterpark and Playpark, CPG’s newest amenities that promise to elevate the resort lifestyle of its residents.
Exciting amenities
The 12-story Mykonos also brings a collection of exciting amenities.
The Azure North Waterpark, featuring thrilling high-kinetic water s lides, guarantees a fun experience for both kids and the kids-ath eart. Meanwhile, the Azure North Playpark will feature a basketball court, a children’s playground, a pet park, and plenty of green space for community bonding and recreation.
“Mykonos Tower, along with these new world-class amenities, continues our mission to provide residents with the ideal balance of modern living and resort-style leisure,” said Carlo Antonio, CPG’s Managing Director. “Azure North is more than just a place to live— it’s a lifestyle that embodies relaxation, enjoyment, and community s pirit.”
The mid-rise development consists of 374 units offering 34 units p er floor and provides a variety of spacious unit layouts that range
Parañaque , Philippines —D.M. Wenceslao & a s sociates Inc. (PS e : DMW) proudly announces that several of its key developments have achieved the prestigious W e L L Health-Safety r ati ng from the International W e L L Building Institute (IWBI). The W e L L Health-Safety r at ing is an evidence-based, third-party verified standard that evaluates operational policies, maintenance protocols, stakeholder engagement strategies, and emergency preparedness. This achievement aligns with D.M. Wenceslao’s vision of sustainability and innovation reaffirming its role as a leader in creating peoplecentric spaces that elevate quality of life. The developments recognized with the W e L L Health-Safety r at ing are office and mixed-use properties in a s eana City that include a s eana 1, a s eana 2, a s eana 3, 8912 a s ean av e., Parqal, a s eana Powerstation, a s eana Square, and a s eana Town Center. r e sidential projects such as Pixel r e sidences and MidPark Towers also earned the certification alongside office developments in the Makati Central Business District, namely 58 Jupiter and the er L aG Building.
from 26-28 sq m for studio, and 44 sq m for 1BR catering different family sizes and preferences.
B eing located in a prime location, Mykonos Tower also offers g ood investment e a ch unit is delivered bare, allowing residents t he flexibility to personalize their space. Mykonos Tower is equipped with 24/7 security, concierge services, and a comprehensive fire s afety system.
Prime Location and Accessibility Azu R e North is strategically located within a sprawling 7.8-hectare m aster plan. The development is just minutes away from the NL e X San Fernando exit and a mere 90-minute drive from Metro Manila via Skyway 3. Proximity to s chools, hospitals, shopping centers, and business districts makes A zure North the perfect home for those seeking both comfort and convenience.
“Azure North is not just about the tropical vibe and open spaces to enjoy—it’s about creating a vibrant, thriving community where w ork and leisure coexist,” he added.
“With Mykonos Tower and the ex -
citing waterpark and playpark, we a re introducing a new standard of resort living that will transform San Fernando into a hub for relaxation and family fun.”
Famtech champions refreshing suburban environment living Me A NW h i L e , Famtech Properties, a subsidiary of P h 1 World Developers, the real estate arm of leading Philippine infrastructure
and engineering innovator Megawide, is promoting a refreshing s uburban environment living in One Lancaster Park.
Gigi Alcantara, president of developer Famtech Properties i n c, said the current initial phase of development consists of mid rise condominium buildings positioned across 10 hectares, housing numerous amenities such as p icnic areas and an active zone
with a calisthenics park, meditation park and a basketball court. S he said it has swimming pools for adults and kids, as well as a kids’ zone and play area. A central clubhouse offers a gym, function rooms, a daycare center and a coworking space.
“All these offerings create the dynamic lifestyle that One Lancaster Park promises amid a refreshing suburban environment,”
e xplained Alcantara. She added that Famtech is serious in promoting health and wellness among its residents This is t he lifestyle proposition that One Lancaster Park offers as a pioneering condominium community development in i m us, Cavite.
To kick off 2025, One Lancaster Park held “On Your Park: Ready, Set, Go!”—a community weekend event that engages running e nthusiasts to enjoy the safe and secure locale of the community while achieving their fitness goals. The activity is but a foretaste of the kind of lifestyle that One Lancaster Park residents can enjoy in t his unique suburban condo development. “We continuously aim to i llustrate how genuinely impactful One Lancaster Park’s positioning is in the local real estate market today—a truly unique and rewarding community experience,” said A lcantara.
“At the heart of One Lancaster Park are open spaces that bring a natural affinity with nature and the outdoors, typically not found in condo developments,” added Alcantara.
“This certification reflects our ongoing commitment to creating spaces that not only meet the highest standards of safety but also inspire confidence among those who work and live in a s eana City. a t D MWa I , we believe that health and safety are foundational to building a thriving community,” shared Buds Wenceslao, C e O of D.M. Wenceslao.
To achieve the W e L L Health-Safety r a ting, DMWa implemented a variety of health-first measures. These include air and water quality management, rigorous cleaning and sanitization protocols to ensure hygienic environments, comprehensive emergency response and preparedness plans, health and wellness programs that support the physical and mental wellbeing of tenants, and transparent communication strategies to effectively engage stakeholders.
The certification process which involved rigorous third-party documentation review by Green Business Certification Inc. (GBCI) validates the company’s efforts in meeting the W e L L standard’s intents and requirements.
The W e L L Health-Safety r at ing integrates global best practices including insights from the IWBI Task Force on health and safety, and guidance from organizations like the World Health Organization (WHO) and the u S C enters for Disease Control and Prevention (CDC).
Whe N i t comes to the perfect island getaway, one of the top destinations that comes to mind is Bali, the popular tropical destination located in the hip Seminyak district in i n donesia. Named one of the best islands in Asia by Condé Nast Travel, Bali offers unique experiences—from pristine beaches and exciting activities to cool dining spots and luxurious accommodations with topnotch amenities—ensuring tourists can have an unforgettable vacation. Now, GRO h e , a l eading global brand in bathroom and kitchen solutions, is giving its valued customers the opportunity to go on a relaxing vacation for two in Bali
through its Live the Joys of Bali promo, at no less than the luxurious resort, Alila Seminyak. Strategically located at the heart of Seminyak, Bali, this paradisical resort combines ultramodern architecture with Balinese touches and tropical flair. True to the sustainable principles of its architects from u R BNARC, Alila Seminyak was built using environment and energy-friendly systems from design and construction to brand partnerships.
Aligned with the luxury resort’s aim to minimize its ecological footprints, Alila Seminyak’s bathrooms are equipped with GRO h e products with technologies that save both
water and energy. The Allure series in the bathrooms of the Alila Resort promises holistic water enjoyment. i n spired by the vastness of the i nd ian Ocean, the resort’s design features elegant shapes woven into its architecture.
For a chance to enjoy this luxurious vacation for two (2), simply purchase a single receipt of GRO h e p roducts worth P10,000 to get one (1) raffle coupon entry at all Wilcon Stores until April 15, 2025. The grand winner will win a trip for two (2) to Bali,
