THOUSANDS of villages were ordered to evacuate and ports shut down, officials said Monday, as the country was struck by Typhoon “Nika” —the fourth in less than a month.
And while “Nika” is forecast to exit the Philippine area of responsibility today, the state weather bureau said two tropical cyclones are expected to barrel through the country this week.
Marcos eases tax breaks, incentives
New law aims to boost investment
By Charles Dantes, Othel Campos and Maricel Cruz
PRESIDENT Ferdinand “Bongbong” Marcos Jr. on Monday trimmed corporate taxes and offered more fiscal incentives under a new law aimed at drawing more foreign investments.
The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act reduces corporate income tax to 20 percent from 25 percent and allows firms to adopt “work-from-home” arrangements for up to half their workforce, among others. It also allows businesses currently enjoying investment incentives to take advantage of enhanced tax deductions,
House cites 4 OVP execs for contempt; Sara defends staff
By Maricel V. Cruz and Rachelle Tonelada
chaired by Manila Rep. Joel Chua, cited the officials for
including a 100 percent coverage for power expenses, as well as extends VAT incentives to non-registered ex
porters and high-value domestic en
terprises.
With the new law, only projects with capital exceeding P15 billion will re
quire review by the Fiscal Incentives Review Board, raising the threshold from the previous P1 billion.
“We have taken a decisive step to
wards our vision of a globally com
petitive and investment-led Philip
pine economy. Through this law, we
By Pot Chavez
By Joel E. Zurbano
THE Philippines must be prepared for the policy shifts that US President-elect Donald Trump has vowed to implement once in office, according to Senate President Francis Escudero. Escudero said the government should start drawing up scenarios in the Trump administration and preparing a response. “From trade to security to immigration, what he said he plans to do, some on day one of his administration, would certainly impact us,” he added. If Trump pushes through with his pronouncement to carry out the greatest mass deportation in US history, “then how many of the
By Darwin G. Amojelar
PAGASA said a tropical depression was located outside the PAR, moving west northwestward at a fast pace and estimated at 1,480 kms east of Eastern Visayas. Once it enters the country to-
Escudero
The COP29 Conference on Climate Change is underway now in Baku, Azerbaijan as another typhoon is barrelling through the northern Philippines. The upper portion shows conference delegates in formal dress, seated by a long table in a well-lit room. Below are the Filipinos being carried away by raging flood waters. (The cartoon was AI-generated.)
A 2 NEWS
P300m POGO monies intact—PNP
By Vince Lopez
THE Philippine National Police (PNP) yesterday said that the over P300 million cash taken during separate operations against Philippine Offshore Gaming Operator (POGO) hubs in Las Piñas City and Pampanga are intact and in police safekeeping.
PNP spokesperson and Public Information Office chief, Police Brigadier General Jean Fajardo issued the statement to respond to some reports that the monies confiscated in the raids are missing.
In a press briefing at Camp Rafael Crame, Farjardo said that the PNP is
ready to turn over the monies if ordered by any court.
“There is no truth to the malicious reports that the money is missing. These are considered fruits of the crime so the case is pending and the PNP would comply with the competent court as to
Senate approves natural gas bill on final reading
THE Senate yesterday passed on third reading a measure that supports the comprehensive development of the Philippine natural gas industry in a bid to achieve energy security and sustainable economic growth.
Senate Bill No. 2793, known as the Philippine Natural Gas Industry Development Act, establishes a legal framework designed to promote the development of the natural gas industry, covering aspects from transmission and distribution, to the supply of natural gas.
“This is a momentous step forward as we strive to achieve energy security and sustainable economic growth. This legislation supports our own and also international commitments to cleaner, more efficient energy production,” said Senator Pia Cayetano, chair of the Senate committee on energy and sponsor of the bill.
The measure aims to accelerate the exploration and development of domestic natural gas resources and facilities, prioritizing the use of indigenous over imported natural gas to enhance energy security.
Cayetano said SB 2793 also “protects consumer welfare because encouraging more investments in natural gas will enhance energy security.”
“Historically, indigenous natural gas has been cheaper, and increasing opportunities for natural gas will only make the prices cheaper,” she said. Alena Mae Flores
contempt following a motion by Quezon 2nd District Rep. David Suarez, who underscored their “continued defiance” by refusing to appear before lawmakers.
The committee said that the officials’ out-of-town assignments appeared to be a coordinated effort to avoid the hearings, implying “malicious intent.”
However, in a press conference in Bacolod City, Duterte firmly denied allegations that there was malicious intent behind the issuance of travel orders to key members of her staff, resulting in their non-appearance at the House.
“That is not true. There is no malice in that. The OVP’s anniversary is on November 15. I myself am not at the central office. Because there are ongoing Thanksgiving activities in the various satellite offices. The OVP is busy right now, Duterte explained in a mixture of Filipino and English.
Duterte stood by her office’s decision to allow her staff to travel despite being summoned to the House, asserting that the hearings are “politically motivated” anyway.
the proper disposal of these seized evidence,” she said.
“If the court would say that these should be turned over to the Department of Justice, the PNP is more than willing to turn over the monies. If the court would issue orders to return the money, then the PNP will comply,” Fajardo told reporters.
She also said that the misinformation on the seized money at the two illegal POGO hubs is possibly meant to muddle the issue on the anti-illegal POGO operation conducted by the police in Malate, Manila last month.
“The money is intact. It just so happened there are efforts to muddle the is-
“They are really trying to find proof of wrong-doing at their hearings, but up to now they haven’t found any,” the Vice President said.
Duterte also denied that she is the subject of a supposed political plot code-named “Save the Queen,” supposedly intended to make her the next president of the Philippines.
The alleged plot was revealed by Bureau of Customs intelligence officer Jimmy Guban at a House Quad Committee hearing last week, who said the killings perpetrated by the “Davao mafia” were all to secure an unnamed “queen’s” ascension to the presidency in 2028.
“It’s so obvious. Our [alleged] operation is supposedly named ‘Save the Queen?’ Only a stupid operator would choose a [code] name that reveals the objective,” she said in Filipino.
Four other OVP officials managed to attend Monday’s hearing: Administrative and Financial Services Director Rosalynne Sanchez, Chief Accountant Julieta Villadelrey, Budget Division Chief Edelyn Rabago, and Chief Administrative Officer Kelvin Gerome Teñido.
The committee withheld action on OVP Undersecretary and Chief of Staff Zuleika Lopez, who left the country on November 4, a day before her subpoe -
sue of our legitimate operation against Vertex Technologies,” she said. Fajardo, however, did not say who was trying to muddle the issue.
Based on the PNP report, PHP187.82 million were seized during the operation at the Clark Freeport POGO hub in May last year, while PHP117.18 million were seized during the operation on a POGO hub in Las Piñas City in July, also last year.
The heads of the National Capital Region Police Office and the PNP’s Anti-Cybercrime Group were already administratively relieved for 10 days to give way to the conduct of an impartial investigation.
naed appearance. Lopez submitted a letter explaining she had traveled to the United States to accompany her ailing aunt for intensive medical care, citing her legal designation as caretaker.
Santa Rosa City Rep. Dan Fernandez questioned Lopez’s explanation, calling it a “clear evasion” and urging validation of her claim.
“The testimony of Ms. Zuleika Lopez is crucial. If we allow her excuse, other resource persons might follow,” he warned, adding, “They can run, but they cannot hide anymore.”
Despite these concerns, the committee approved Antipolo City Rep. Romeo Acop’s motion to reissue a subpoena to Lopez, citing “humanitarian considerations.”
During the hearing, the OVP’s chief accountant confirmed that the P500 million in confidential funds allocated to Duterte is an unprecedented amount for the country’s second-highest officer.
The acknowledgment came as Deputy Speaker Suarez questioned Villadelrey, who has served since 1990 under multiple vice presidents, about the notable increase in confidential funds under Duterte’s administration.
day, it would be named “Ofel.”
Another tropical cyclone with the international name “Man-yi” was spotted east of Guam and may enter the PAR before the weekend. It would be named “Pepito” and may head toward Bicol or Eastern Visayas.
The government ordered 2,500 villages to be evacuated on Sunday as “Nika” came on the heels of three cyclones in less than a month that killed 159 people. Signal no. 4 was raised in Kalinga, Mountain Province, the northern portion of Ifugao, the central and southern portion of Abra, and the northern and central portions of Ilocos Sur. Signal no. 3 was hoisted over the northern portion of Quirino, the northeastern portion of Nueva Vizcaya, the central portion of Isabela, the southwestern portion of Cagayan, the southern portion of Apayao, the rest of Abra, the rest of Ifugao, the northern portion of Benguet, the southern portion of Ilocos Norte, and the rest of Ilocos Sur. “Nika” packs maximum sustained winds of 120 kph near the center and gustiness of up to 200 kph, PAGASA said.
Schools and government offices were shut in areas expected to be hit hardest.
Nearly 700 passengers were stranded at ports, according to a coast guard tally on Monday, with the weather service warning that “sea travel is risky for all types or tonnage of vessels.”
Last week, Typhoon “Marce” slammed into the country’s north coast, damaging houses and buildings. A 12-year-old girl was crushed to death in one incident.
Before that, Severe Tropical Storm “Kristine” and Super Typhoon “Leon” together left 158 people dead, with most of the tally attributed to “Kristine.” About 20 big storms and typhoons hit the Philippines each year.
A recent study showed that storms in the Asia-Pacific region are increasingly forming closer to coastlines, intensifying more rapidly and lasting longer over land due to climate change. With AFP
P85,000 in her GCash account and alleged that unauthorized fund transfers were sent to some accounts. Ramos, however, challenged the celebrity to cooperate with CICC and explain to the public what really transpired.
“She has to confirm and identify whose numbers are those that received the cash. Does she know them or not?
It confuses the general public as to the truth of the fact that happened to her GCash account,” Ramos said.
Meanwhile, the Bangko Sentral ng Pilipinas (BSP) has instructed GXchange, Inc. (GXI), the operator of GCash e-wallet, to immediately resolve the reported unauthorized deductions on account balances of affected GCash users and swiftly complete the process of refunds that GXI has initiated.
In a statement, the BSP has likewise required GXI to submit regular updates on its actions on the matter. BSP is closely coordinating with GXI to ensure a prompt resolution of this issue.
Based on the initial report of GXI, the BSP said the incident was attributed to a system error. It said that GXI assured BSP that all accounts of GCash users remain secure and that they are now in the process of refunding the deductions.
BSP said it will investigate the incident further to identify possible vulnerabilities and review compliance with regulations and policies.
The Bangko Sentral also encourages affected users to coordinate with GXI for the immediate resolution of their complaint.
seek to attract... both domestic and global investments, focussing on strategic industries that will shape our future,” Mr. Marcos said in a speech during yesterday’s signing ceremony attended by legislators.
“This was a hard-fought and hardwon bill that really encompassed such a great scope of everything that we are trying to do in our economic transformation,” he added.
Foreign direct investment to the Philippines reached $6.2 billion last year, according to United Nations Conference on Trade and Development data. But that is a fraction of the $159.67 billion Singapore takes, and Indonesia’s $21.6 billion, while Vietnam’s stands at $18.5 billion.
Businesses often cite high power costs, foreign ownership restrictions, and poor infrastructure as key hurdles to investment.
“As we open new doors of opportunity, we drive businesses to reinvest their capital, build upon the workforce, and initiate a ripple effect that will be felt across generations,” the President said.
Finance Secretary Ralph Recto said the new law will be “significantly cutting costs for the manufacturing sector.”
“This will not only attract new investments and grow existing businesses to make more money but also enable us
to create more high-quality jobs, increase our people’s income, and reduce poverty. Through CREATE MORE, we will secure a brighter future for every Filipino,” Recto said.
Presidential Adviser on Investment and Economic Affairs Secretary Frederick Go added: “The passage of CREATE MORE has triggered so much interest from foreign and domestic direct investors, especially the large scale ones. This is our main tool to make the Philippines an attractive investment destination.”
Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. said the BIR will conduct a public information campaign on the tax incentives granted by the new law.
Speaker Ferdinand Martin G. Romualdez said the new law aims to resolve confusion and ambiguities that have arisen on tax incentives the original CREATE law had granted in March 2021.
“To resolve these issues, and to encourage these investors to remain in the country and keep their workers employed, we found it necessary to already amend the law,” he said.
Albay Rep. Joey Sarte Salceda, chair of the House committee on ways and means and the measure’s principal author, said CREATE MORE is “the largest pro-labor legislation in recent memory.”
“It increases the demand for labor, by encouraging more investments. This is the only way to truly sustain higher
wages,” he said.
The Joint Foreign Chambers (JFC), German-Philippine Chamber of Commerce and Industry Inc. (GPCCI), and the Philippine Economic Zone Authority (PEZA) said the new law is expected to strengthen the Philippines’ investment climate and enhance its competitiveness as a destination for foreign direct investment.
The JFC emphasized that the CREATE MORE Act aligns local tax and incentive policies with global standards, making the Philippines more attractive for investment.
“This legislation addresses the urgent need to review and revise the country’s investment incentive policies, ensuring they remain aligned with international standards,” JFC said in a statement.
“We share the goal of creating a more favorable business landscape to foster growth and job opportunities. The German business community in the Philippines recognizes its potential, as demonstrated by our recent World Business Outlook survey, which reflects strong optimism in the Philippine market,” added GPCCI president Marie Antoniette Mariano.
PEZA director general Tereso Panga said: “The domestic market enterprises will benefit as well from the new incentive regime. This should stimulate domestic production by local manufacturers including foreign investors going into import substitution activities to cater to our growing domestic market.” With AFP
applications, and case management. The envisioned framework will incorporate ethical guidelines for AI deployment, focusing on core principles such as reliability, transparency, accountability, fairness and non-discrimination, privacy and data protection, human agency and oversight, security and safety, societal benefit, sustainability (resources and ecology), and continuous monitoring.
Leonen emphasized that the SC is “actively exploring AI’s potential to enhance judicial efficiency and accuracy.” He clarified, however, that while the High Court is aware of advanced AI tools such as GPT, it has not yet fully implemented any AI systems.
The SC remains in the process of digitalizing its procedures, mapping processes, and carefully evaluating which AI applications will be scalable for a broader rollout, the magistrate explained. Likewise, it has already commenced pilot testing AI technologies, including voice-to-text transcription software for court stenographers in the Sandiganbayan and select firstand second-level courts.
Several offices within the Court are also trialing AI-enhanced platforms designed to streamline legal research.
Other developments also include the eCourt System Version 2.0 (eCourt PH 2.0), which aims to digitalize adjudication processes through eFiling and eService in civil cases in trial courts, digital case management tools for trial courts, appellate and Supreme Court management applications, and digital appeals for civil cases.
estimated 300,000 vulnerable Filipinos will be in the first wave of expulsion?”
Escudero asked.
Escudero said that even if only 1% of the 300,000 would be removed from American soil, it would require 10 big airplanes. “How will his plan to erect high tariff walls affect our economy given that almost $1 in every $7 of our export earnings come from our trade with the United States?”
“If the dollar will strengthen because
of him, what effect will it have on us if it causes the peso to weaken? The value of our foreign debt will balloon.”
He added that even though Trump’s proposed pivot on the diplomatic front will reduce global tensions and settle wars, “these wins will still impact our fiscal position.”
He said another important aspect of the US-PH relations that should be revisited by the Philippine side is the military alliance boosted by the Biden administration.
Senator Imee Marcos also urged the country to brace for a Trump presidency.
The senator noted various aspects of
the US-Philippine relationship that may be affected by the new presidency, including immigration, defense, and geopolitical interests.
Marcos highlighted undocumented Filipinos at risk of mass deportation and stressed the urgency of preparing expanded reintegration programs, which would include skills training, livelihood support, and direct assistance for deportees from the Department of Social Welfare and Development (DSWD), Department of Labor and Employment (DOLE), and Department of Foreign Affairs (DFA).
According to the senator, based on the 2025 National Expenditure Program, the DSWD has sufficient funding for only 4,152 distressed and undocumented overseas Filipinos next year. In contrast, last year, the DFA was able to assist only 72,206 overseas Filipinos using the Assistance to Nationals Fund and the Legal Assistance Fund.
Marcos meanwhile emphasized the need for the Philippines to take a leadership role in ASEAN and foster strengthened partnerships within the region to manage potential shifts in U.S. foreign policy. Ralph Harvey Rirao
IN BRIEF
meet and engage in sexual acts with him. Through an entrapment operation, the Cavite Provincial Cyber Response Team, Regional Anti-Cybercrime Unit 4A (CPCRT-RACU4A) along with the police officers from the Dasmariñas Component City Police Station, RAC-
them as leverage. The said victim, accompanied by their parents, approached the PNP-Cavite PCRT- RACU4A office located in Camp Pantaleon Garcia, Imus City, Cavite to report the incident. An entrapment operation was conducted, resulting in the arrest of the suspect at a well-known motel in the City of Dasmarinas November 9. The suspect is facing multiple charges such as RA 9995 or the Anti-Photo and Video Voyeurism Act, RA 7610 or the Child Abuse Law, and Grave Coercion. The suspect, who is scheduled to undergo an inquest proceeding, is currently detained at the Dasmarinas Police Custodial Facility. Dennis Abrina
Tulabut served as the panel of judges during the MNA pre-pageant. Butch Gunio
THE Commission on Elections (Comelec) proclaimed former Ako Bicol Partylist Representative Alfredo Garbin as mayor of Legazpi City.
This transpired after a writ of execution was issued relative to the certificate of finality and entry of judgment regarding the disqualification of Mayor Carmen Geraldine Rosal, her husband Governor Noel Rosal, and Councilor Jose Alfonso Barizo during the 2022 national and local elections.
The Supreme Court promulgated
By Maricel V. Cruz
LEADERS of the House of Representatives on Monday said former President Rodrigo Roa Duterte failed to deliver on his repeated and muchpublicized promises to protect or help policemen who carried out his bloody war on drugs during his administration.
Deputy Majority Leader Jude Acidre of Tingog Partylist and House Quad Comm co-chairman Rep. Dan Fernandez of Laguna made the statement in reaction to the complaint of Philippine National Police chief Gen. Rommel Francisco Marbil that Duterte’s commitments to the affected PNP personnel were not carried out.
He said Duterte has the propensity to repeat “the same empty promise every opportunity he gets.”
Acidre noted that the last time the former president made such a statement was on October 28, when he testified before the Senate, where he declared that he alone should be held legally and morally responsible for his brutal drug war.
“He should tell that to the ICC (International Criminal
and drug war victims duraing the previous administration call for the urgent passage of the “Kian Bill” to protect innocent civilians, particularly youth and minors, from statesanctioned violence.
House leaders slam Duterte on ‘empty promises’ to policemen
Court). Let us see what happens,” Acidre said.Fernandez said Duterte had repeatedly committed to providing lawyers to PNP personnel who implemented his anti-drug campaign that resulted in extrajudicial killings (EJKs).
“Promises are hard to come by. Because he is fond of thrash talk, even the policemen who believed in his promise were also thrash talked,” the lawmaker said.
“Buti pa ang Pangulong Marcos Jr., may pronouncement na bubuo ng legal team sa PNP na magbibigay assistance sa mga pulis na nahaharap sa kaso,” Fernandez said. (He is far from President Marcos Jr., who made a pronouncement that will form a legal team in the PNP that will provide assistance to the police who are facing the case [and President Marcos did])
Comelec proclaims Garbin
as new
its decision in the consolidated cases dated October 22, 2024, affirming its disqualification of the Rosals and Barizo for violating the Omnibus Election Code in connection with the disbursement and release of government funds during the prohibited period
The Comelec en banc has previously disqualified the candidacy of Mayor Rosal for violating the 45-day election ban by giving aid to senior citizens and tricycle drivers a few days before the 2022 elections.
mayor of Legazpi City
The SC also lifted the status quo ante that it issued on May 11, 2023, thus the Comelec constituted and convened today the three-member special board of canvassers of Legazpi City.
Newly-proclaimed Mayor Garbin said in an interview that he followed proper rules and procedures when a filed a motion for intervention to assume the mayoral post of Legazpi City after Rosal was disqualified.
Garbin also explained that he filed his motion for intervention on time,
during the trial and hearing before the Comelec.
Garbin is set to serve as Legazpi City mayor until June 30, 2025, and will also remain as second nominee of the Ako Bicol Partylist in the midterm elections in May 2025. He stressed that as city mayor, his administration will focus on scaling up infrastructure projects including public works, health, education, agriculture, transportation, tourism, water system, and economic development.
THE Commission on Elections (Comelec) has declared 47 senatorial aspirants as nuisance candidates who have filed their certificates of candidacy (COCs) for senator in the 2025 midterm elections. Poll chairman George Garcia said the poll body received 183 COCs for senator.
“The number of aspirants declared as nuisance candidates for the elective position of senator (is at) 47 aspirants,” said the Comelec in a social media post. The Comelec said its First and Second Divisions denied due course and canceled the certificates of candidacy (COC) of the 47 aspirants.
Declared as nuisance candidates by the Comelec are Patrick Artajo, Maria Charito Billones, Roel Pacquiao, Felipe Montealto, Rex Noel, Gerald Arcega, Salvador Cabalida, Elvis Beniga, Orlando de Guzman, Jonry Gargarita, Abel Adorable, Rolando Plaza, Randy Red, Getter Malinao, Jimmy Salapantan, Jacinto Bonayog, Shirly Cuatchin, Jefrey Andrino, Peter Advincula, Sunang
PNP: Quiboloy taken to hospital due to chest pains
By Vince Lopez
DETAINED Kingdom of Jesus Christ
(KOJC) founder and leader Apollo
Quiboloy was rushed to a hospital last week after experiencing chest pains and “irregular heartbeat,” the Philippine National Police (PNP) said on Monday.
Quiboloy was brought to the Philippine Heart Center in Quezon City after complaining about chest discomfort, according to the PNP.
“Last Friday, pursuant to a court order issued by RTC Pasig, Apollo Quiboloy was brought to the hospital and he is supposed to be back to the PNP Custodial Center by noon today,” PNP spokesperson and acting Public Information Office chief, Police Brigadier General Jean Fajardo said in a press conference.
The police spokesperson said that a court in Pasig City ordered the extension of Quiboloy’s stay at the hospital to November 16 to complete the required medical examinations.
“However, around 11:09 today, the PNP Custodial Center received an email with a copy of the Pasig RTC order extending the medical furlough of Apollo Quiboloy until November 16 at 5 p.m. to complete the required medical examinations,” she said.
Fajardo said initially that the PNP Health Service conducted an examination on Quiboloy and found out that he was suffering from “atrial fibrillation in rapid ventricular response” or “irregular heartbeat” that may be considered as “life-threatening.”
Due to this, Fajardo said the PNP Health Service recommended further checkup on Quiboloy and his camp also filed an urgent petition to take the KOJC leader to the hospital.
“His camp filed a petition and the court granted this very urgent petition filed by the legal team of Apollo Quiboloy,” she said. The Pasig RTC earlier dismissed the plea of the camp Quiboloy for his hospital arrest.
Quiboloy is currently facing a nonbailable qualified human trafficking charge under Section 4(a) of Republic Act No. 9208, as amended, before a Pasig court.
KIAN BILL.’ Lawyer Chel Diokno, Fr. Flavie Villanueva of Program Paghilom, Akbayan Rep. Perci Cendaña,
Manny Palmero
Ditanongun, John Escobar, Eric Negapatan, Injim Bunayog, Froilan Serafico, Sixto Lagare, Princess Jade Ramos, Primo Capuno, Nheling Paliza, Jovilyn Aceron, Jerson Ares, Rodolfo Basilan, Melchor Lucañas, Martin Mendoza, Junbert Guigayuma, Alexander Encarnacion, Wilfredo Red, and Daniel Magtira.
ANGELES CITY BEAUTIES. Mutya Ning Angeles 2024 candidates take the stage during the pre-pageant activities on November 9 at the Angeles University Foundation Sports and Cultural Center.
IN BRIEF
Police visibility key to deter crime—Lacson
FORMER Philippine National Police chief and ex-senator Panfilo Lacson says police visibility and alertness are the best measures to combat increasing criminality.
Lacson said the police should use the crime database, statistics and other available tools to determine where to deploy police personnel.
“The PNP’s response should be based on data. Increase visibility in areas where crimes are rampant. Without police visibility, there’s no deterrent and that’s basic,” Lacson said in an interview on DZRH radio.
He said the last thing the public needs is to perceive the PNP as inefficient or incompetent.
Lacson was responding to reports that the Japanese embassy had written authorities in Makati City to voice concerns that Japanese nationals have been victimized by recent crimes including robbery and snatching.
“Crime prevention and police visibility are effective because it will deter criminals - so long as the policemen are not corrupt and involved in crime themselves,” he said.
Joel E. Zurbano
SBMA expands capacity to meet growing demand
THE Subic Bay Metropolitan Authority (SBMA) has the facility’s capacity and operational efficiency to keep up with growing demand for multi-modal logistics in the Asian region.
This was disclosed by SBMA senior deputy administrator Ronnie Yambao during the Super Terminal Expo 2024 held at the Hong Kong AsiaWorld-Expo last Nov.5.
The three-day expo was Asia’s pioneering design, construction and operations event that showcases the next wave of innovation in passenger and cargo terminal, while bringing together experts and decision-makers to shape next-gen airports.
The event’s opening ceremony was attended by Michael Wong Wai-lun, acting Financial Secretary of the Hong Kong; Vivian Cheung, chief executive of the HK Airport Authority, and other government officials and influential members from industry associations.
During a panel discussion, Yambao emphasized three important pillars in enhancing Subic Bay Freeport’s capacity and operational efficiency: automation, investment in infrastructure and equipment acquisition, and expansion.. Butch Gunio
Samal marks National Children’s Month
SAMAL town in Bataan recently hosted a children’s congress in observance of National Children’s Month.
The affair, organized by the Samal’s Social Welfare and Development Office, featured a variety of events participated in by daycare centers’ wards.
Highlighting the activities was a Zumba dance competition that saw spirited performances from the young competitors.
Samal Mayor Alex Acuzar said he also gave priority to the children’s welfare. Butch Gunio
PBBM hikes NTF-ELCAC dev’t funds to P7.5m per barangay
By Rex Espiritu
THE National Security Council (NSC) disclosed that President Marcos has ordered an increase in the budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) to P7.5 million per barangay.
NSC assistant director general Jonathan Malaya said the President directed the Department of Budget and Management (DBM) to allocate an additional P5 million per barangay from the original P2.5 million, or a total of additional P4.32 billion from unprogrammed funds of the National Treasury. The 864 recipient-barangays will get P7.5 million each in barangay development program funds.
“The President was not happy with the original P2.5 million per barangay in the 2024 General Appropriations Act (GAA), so he ordered the DBM to allocate the additional funds for this year. He said P2.5 million will hardly make an impact in terms of development, so he ordered the augmentation,” Malaya said.
Malaya also revealed that during the NTF-ELCAC executive committee
meeting last Friday, the President expressed support for the P10 million per barangay allocation in the 2025 budget which is currently under deliberation in the Senate.
“The President noted that the NEP (National Expenditure Program) allocated P10 million per barangay for the next batch of recipient-barangays next year, and he hopes Congress will ensure that the final version of the 2025 GAA reflects this amount,” he said.
Malaya also said the Chief Executive approved the rehabilitation of the BatongBuhay-Colayo Road in Pasil, Kalinga.
“The President said that government has to sustain development projects in all barangays cleared of communist insurgency influence so that the root causes of conflict are finally ad-
PH, Poland tackle repatriation of convicts
By Pot Chavez
THE Philippines and Poland have held a second round of negotiations over the proposed repatriation or Agreement on Transfer of Sentenced Persons, as well as initial talks on the projected Agreement on Mutual Legal Assistance in Criminal Matters. The proposed treaty on the Transfer of Sentenced Persons allows citizens convicted of crimes in either state to serve their remaining sentence in their own country, with a view to facilitating the convicts’ rehabilitation
and reintegration into mainstream society.
Meanwhile, the Mutual Legal Assistance in Criminal Matters (MLA) involves a process by which either country conducting investigation or prosecution of criminal cases requests legal assistance from the other country, notably in obtaining evidence or taking voluntary statements from persons, confiscation, or forfeiture of property or proceeds of the crime. MLA requests are key to obtaining evidence and confiscating illegal
By Vito Barcelo
THE Bureau of Customs (BOC) has confiscated more than 10,700 reams of cigarettes worth P2.5 million reportedly abandoned by its importer at the Port of Cagayan de Oro.
In a statement, the BOC said the undocumented cigarettes were found last Oct. 24 in an unclaimed container van aboard a ten-wheeler truck in Brgy. Puntod, Cagayan de Oro City.
The discovery was made following information from the regional police office about the entry of smuggled cigarettes.
Subsequent inventory conducted by a Customs examiner confirmed that the container van held 215 master cases of Modern-brand cigarettes, totalling 10,750 reams, with an estimated value of P2.5 million based on current mar-
proceeds of the crime located outside the state where the crime was committed.
The Philippine delegation was composed of chief state counsel Dennis Arvin Chan, assistant chief state counsel Mildred Bernadette Alvor, and state counsels Lourdes Gisela Mendoza, Jane Hazel Marie GarciaDoble, Ma. Lorena Calo, and Armie Gutierrez-Bugarin, and Department of Foreign Affairs’ officers lawyers Sheila Mae Briones, Catherine Sy, Jose Garcia III, and Lara Dominique De Jesus.
ket rates. The cigarettes were seized for lack of the required Import Commodity Clearance (ICC) from the National Tobacco Administration (NTA).
The vehicle used to transport the goods was also seized for violating Sections 1113 (a) and for carrying smuggled cigarettes.
Commissioner Bienvenido Rubio reaffirmed the BOC’s commitment to securing the country’s borders.
“This operation demonstrates our ongoing efforts in mitigating the dangers of illicit cigarettes. We will continue to collaborate with our partners in enforcement to ensure proper legal procedures are followed and hold those responsible accountable. This operation is part of our broader initiative to strengthen border security and enforce compliance with the law,” Rubio said.
dressed,” according to Malaya.
He also said Mr. Marcos approved the new National Action Plan for Unity, Peace and Development (NAP-UPD) created by the NTF ELCAC.
Under the NAP-UPD, the government will pursue a national peace framework anchored on the principles of unity, peace and security, and socioeconomic development.
The concept also calls on the government to advocate for positive peace and for programs to denounce violent extremism.
Under peace and security, local government units (LGUs) will take the lead in peace-building to ensure that the communist insurgency movement will be unable to operate, infiltrate, or influence any area in the country.
Angara assesses school computer program in Leyte
By Ralph Harvey Rirao
EDUCATION Secretary Juan Edgardo Angara on Monday led a fact-finding team that visited Leyte to assess the implementation of school digitalization programs and assess deficiencies in school building facilities in the province.
Angara was accompanied in the trip by members of the Department of Education’s (DepEd) executive and management committee.
The secretary cited concerns that DepEd’s regional offices have wanted to feel the presence of the department’s central office.
“Mainly the message we like to deliver to you all this morning is ‘the central office is here.’ We are here to support you. We have heard the feedback before that sometimes, the central office detached from the regional divisions,” Angara said.
In line with the agency’s ongoing efforts to address challenges from the ground, Angara held a dialogue with teachers at the Leyte National High School in Tacloban City, reputedly the biggest secondary school in Eastern Visayas with 8,954 student-population at present. Angara’s team also visited the St. Francis Elementary School which was seriously damaged by typhoon Yolanda in 2013, forcing it to hold classes in makeshift classrooms.
In coordination with the Leyte provincial government Gov. Jericho Petilla, the DepEd team tracked the implementation of the government’s digitalization program using the Cogon Elementary School as example.
Angara also visited the Alang-alang National High School to view the Khan Academy demonstration as part of the agency’s project for the upcoming Programme for International Student Assessment.
Moreover, the team also observed the first and only education hub for the Alternative Learning System in the Girls’ Education Center in Palo, Leyte. The initiative was part of the “Better Life for Out-of-School Girls to Fight Poverty and Injustice in the Philippines” project by DepEd, the United Nations Educational, Scientific and Cultural Organization, and the Korea International Cooperation Agency.
FIGHT FOR JUSTICE. The militant Samahan ng Ex-Detainees Laban sa Detention at Aresto (SELDA) stages a rally, joined by supporters from the media community, in front of the Department of Justice in Ermita, Manila to press for the release from detention of the so-called Tacloban 5 consisting of Frenchie Mae Cumpio, Alexander Abinguna, Mira Legion, environmentalist Marisa Calbaljao, and humanitarian worker Marielle Domequil.
The National Book Awards
LAST November 7, 2024, the National Book Development Board (NBDB) and the Manila Critics Circle (MCC) announced the winners of the 42nd National Book Awards (NBA).
The NBA is consistent with the mission of the NBDB to promote the development of the book publishing industry and be the catalyst for building a culture of reading and authorship as well as an environment for the growth of the book publishing industry towards making it globally competitive.
The MCC, on the other hand, was founded in 1981 when Ophelia Alcantara Dimalanta, Alfredo Navarro Salanga, Alfred A. Yuson, and Isagani R. Cruz realized that Philippine books were not getting the attention they deserved. It was the MCC that initiated the NBA.
The present set of MCC members are Dean Francis Alfar (Chair), Shirley O. Lua (Vice-Chair), Alma AnonasCarpio, Michael Coroza, and myself. Jenny Ortuoste, who passed on last July 21, 2024, continued to participate in this 42nd cycle of choosing the NBA finalists and winners until her health no longer allowed her to join our meetings.
We miss Jenny’s gentle and wise voice in our final deliberations but we knew that her spirit was with us.
As a member of the MCC, I would like to share some information on how we select the finalists and winners of this annual prize that honors the most outstanding book titles written, designed, and published in the Philippines.
In this cycle, 326 titles were submitted by publishers across 31 categories consisting of four languages: English, Filipino, Bikol, and Ilokano. To qualify, all books must be published for the first time by a Philippine publisher in 2023. We have a simple criteria for a book to be nominated: its writing must follow the highest standards in terms of mechanics or grammar, copy-editing, the structure of thoughts and ideas, and style. The nominated book should also be significant, which includes an original contribution to its field of study or interest, the accuracy of the data it contains, and reader impact.
In classifying the nominated books, there shall be two divisions: Literary and Non-Literary.
Literary Awards are given to books that contain, or are about, creative writing. These include the following genres: Fiction (Novel and Short Fiction), Nonfiction Prose, Anthology, Film and Drama, Literary Criticism/Cultural Studies, Literary History, Poetry, Graphic Novel and Comics, and Translation into the following languages: (a) English; and b) Filipino.
Non-Literary Awards include books on: Art; Professions; Social Sciences; History; Journalism; Humor, Sports, Lifestyle, and Business; Food; Science; Spirituality and Theology; and Philosophy.
As a special category, books published in Bicolano/Bikolnon within the last three (3) years (2021-2023) were considered for this year’s awards.
One of the most prestigious awards in the NBA is for Book Design. The overall design of a book, including but not limited to the cover design, the choice of typefaces, the dimensions of the page, the layout, the type of paper, the binding, and the printing are the prime considerations in this category. Under this category, a nominated book combines
all the elements of design into a coherent whole, supplementing, but not supplanting, the content of the book. A winning book entices the reader to read the contents carefully while admiring the way the book looks.
The Publisher of the Year is a special award given to the publisher who has the highest number of winners across all categories in the National Book Awards.
The process of selecting winners lasts for almost half a year. It begins with a call by the NBDB to publishers to nominate their qualified titles. When the nominations are received, the NBDB and the MCC convene to classify the books into their proper categories. In most cases, we follow the proposed classification of the publisher. But there are books that wereclassify to other categories based on our appreciation of them. Integral to the process of selecting the winners is inviting external category judges, who are experts, to help us in a two-step process of selecting finalists and winners.
It seeks to promote the development of the book publishing industry and be the catalyst for building a culture of reading and authorship.
We conduct two deliberations.
In the first, the Board of Judges (the MCC plus the category Judges) select no more than five titles as finalists per category. We decide by consensus but, if necessary, we take a vote and finalists are decided by a majority vote.
In the second deliberation, the Board of Judges selects one winner from the roster of finalists. We require each Judge to explain his or her vote. Again, the choice of winners shall be by a majority vote.
The 42nd NBA coincides with the preparation of the Philippines as it makes history as the second Southeast Asian country to be chosen as Guest of Honour in 2025 at the world’s biggest book fair, the Frankfurter Buchmesse.
In 1981, when the National Book Awards were first given out, there were very few quality books being published in the Philippines. Today, as we said last year in the NBA program, “hundreds of Philippine books are marvelously written, beautifully designed, professionally published, and widely read. These are the treasures yielded by our patrimony of letters.”
This is why current members of the Manila Critics Circle have decided to reorganize and establish a new organization – the Filipino Critics Circle – which will continue to partner with the NBDB for the National Book Awards. This decision reflects the growing diversity of the publishing industry in the Philippines, including the participation in the NBA of many independent and regional publishers. Responding to this, the new organization will recruit new members who will reflect this diversity. That includes inviting more social scientists, as I am the only one now in the group, and more members from Mindanao and the Visayas.
Politically bankrupt
THE Philippines faces multifarious problems of poverty, joblessness and hunger. Because the country is prone to calamities and disasters, we have to contend with floods, landslides, billions of pesos lost in damages to infrastructure and agriculture, not to mention loss of lives. I am not mentioning problems we are now facing today because of tensions with China with its continuing aggression in the West Philippine Sea and constant bullying where
EDITORIAL
THE Internet has a way of creating occasions and celebrating a particular group of people. The dates could sometimes vary across different countries, and organizations who designate such occasions are not usually named – if they were ever official, at all. Thus far, however, there has been no harm done. At most, people have simply come up with reasons to take a second look at whoever it is that is being celebrated.
on their desks making sure that their numbers add up. They deal with pressure when deadlines and submissions loom. They have little time to enjoy life and conduct themselves in the same way their figures have to make sense: by the book.
fisherfolk are often deprived of their livelihood. Santa Banana, ordinary folk have to contend with inflation and high prices because of wars that are occurring in Ukraine and between Israel, Lebanon and Iran.
My gulay, with the coming of the usual midterm election next year, the bankruptcy of our political system adds to all these with the proliferation of people voted into public office simply because they are popular or think
Accountants for accountability —“—
They take comfort in numbers, knowing that figures never lie even when people do.
match what is really happening at the core. Their potential power: they could turn accounting into an art, changing the face and fate of an organization by changing labels.
As a result, they are often the targets of those who want to make them look the other way to evade accountability. Accountants take comfort in numbers, knowing that figures never lie even when people do.
The commemoration of International Accountants Day on Sunday, November 10, is one such example.
The usual—and unfair—depiction of accountants is that they are drab and boring, and that they spend long hours
the people love them. In the Senate race, for instance, we have characters running because they think the people love them just because they help them. There are hosts of game shows and broadcasters who help people with their problems. They want to be part of an institution like the Senate reserved for people well acquainted with the law and public administration. Santa Banana, there are candidates who believe that they should be senators because they are members of political dynasties! Actresses and actors are now making the Senate a huge Sampaguita Pictures. Soon enough we will also have comedians like Vice Ganda.
Am I asking for the impossible?
With due respect to my fellow lawyer who writes for the Freeman of Cebu City, Atty. Josephus Jimenez, he cited some candidates for public office. I agree with him when he said, “The best evidence of our political system’s desperate bankruptcy is the proliferation of actors, actresses, and comedians dominating our legislative and executive branches, including the local government units. The enactment of laws and their imple-
This is why it is called a stereotype. Accountants possess skills that enable them to get a fair sense of how a business or an agency is truly performing, without the spin or the fancy words that top management prefers. They are able to identify the operational areas in which the organization needs to improve, and in which they excel. In some instances, they safeguard the agency’s secrets, and they know whether appearances
mentations are now being entrusted to some people who have never studied law or public administration.”
He said among them are the following:
“Manny Pacquio is the richest politician , next to the Villars… But the fact he is a world champion in eight different boxing categories doesn’t make him prepared as a legislator. He hasn’t studied Political Science, much less Political Law and Constitutional Law. He appears odd when facing such parliamentarians as Chiz Escudero, Alan Cayetano and Francis Tolentino… He should give way to the more competent candidates.”
“Wille Revillame is a good man. He has helped a lot of people… But that doesn’t make him prepared for the work of a senator. Philip Salvador is a fine actor….He belongs to a famous movie industry clan. But such credentials are not what are needed in the Senate. Lito Lapid is an excellent actor but he hasn’t performed enough in the Philippine Senate. By insisting to remain in the Senate, he effectively eased out the more qualified, the more competent candidates…. The same is true with Bong Revilla. This guy made politics his family business with his wife and sons all serving the government.”
“Erwin Tulfo should clarify his citizenship and explain to the people why the CA (Commission on Appointments) refused to confirm his appointment as DWSD secretary….Ben Tulfo
We specifically cite those who face difficult demands from their superiors who want to make it appear they are doing an upright job when there is little to no evidence to support it. At the risk of losing their own jobs, they face these dilemmas. Those who look into the numbers of external bodies also face a difficult challenge, especially when calling out offices or officials who act as though the organization’s funds are their own. Indeed, appreciation for accountants is in order. With their unique perspective, their meticulousness, and their high standards, accountants exact accountability from those whose activities and decisions they look into.
should stay away from the Senate and should leave Raffy Tulfo there.”
“Vilma Santos must already be in her seventies. She should tell us why she is running again for Batangas governor and why she is taking her own son Luis as her vice governor. She should also explain why she is allowing her other son Christian to run for congressman, when this very young Recto has never experienced having served even as a barangay kagawad.”
“Even Zanjo Marudo and Nora Aunor are now running for party-list candidates. What is happening to our country?”
I am already 97 years old. I have seen the best and the worst of them in public office, presidents, vice-presidents, senators and congressmen. It is for this reason why I long for the days of Claro M. Recto, Lorenzo Tanada, Quintin Paredes and the like. Sadly, those are bygone days. After the coming election, we might have more actors, actresses, game hosts, and members of political dynasties in the Senate. I may be asking for too much, but I believe that there should be amendments made to the Constitution on the qualifications of candidates running for senator. They must be parliamentarians, graduates of law or public administration. And first and foremost, there should only be one member of a family sitting as senators. Am I asking for the impossible?
IN BRIEF
UK universities attract fewer foreign students
UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students—taking a heavy toll on their finances.
The restrictions are compounding problems caused by the UK’s departure from the European Union four years’ ago.
Almost 760,000 foreign students were enrolled in British universities in 2022, making Britain the second most popular destination after the US, in a highly competitive market.
Most come from India, then China and Nigeria.
But last year, the number of student visas fell by 5 percent.
Between July and September, student visa applications slumped 16 percent compared to the same period last year.
The decline is a major cause of concern for higher education institutions since foreign students pay far more in fees than British students.
Leo Xui, 20 years old and from China, began studying population and health sciences at University College London in September.
“It’s good for my career,” he said of enrolling abroad. Thinking ahead to when he will return to China, he added: “I will be able to apply for a foreign company.” AFP
Mauritius awaits results of tense election race
MAURITIANS are set to find out Monday who will govern their Indian Ocean island nation for the next five years after a hotly disputed election race.
Both the incumbent Prime Minister Pravind Jugnauth and his main rival Navin Ramgoolam claimed their political blocs had triumphed in Sunday’s legislative poll, but appealed for calm after several incidents were reported at polling stations.
Turnout on Sunday was robust, at about 80 percent according to provisional estimates by the election commission.
Ballot counting began on Monday morning and final results are expected later in the day. Voters had voiced concern about the continued political and economic durability of one of the richest and most stable democracies in Africa, with the election overshadowed by an explosive phone-tapping scandal.
The poll came on the heels of an historic agreement last month that saw Britain cede sovereignty of the Chagos Islands to Mauritius following a long-running dispute. AFP
Man crushed by fan blade at wind farm
A MAN was crushed to death by a fan blade of a wind turbine being built at one of Australia’s largest wind farms, police said Monday.
He had been working at the Golden Plains site about 130 kilometres (80 miles) west of Melbourne, a project which bills itself as Australia’s largest wind farm.
Police said the man was working at the wind farm when he was “crushed beneath a fan blade”.
The mammoth fan blades used on industrial wind turbines can weigh as much as 22 tonnes and measure more than 60 metres (200 feet) in length.
Images from local media showed a tractor attempting to lift the tip of a fan blade, which appeared to have toppled off a metal brace.
The state’s workplace safety watchdog said it was investigating the incident. AFP
Japan lawmakers keep embattled Ishiba as PM
TOKYO—Japanese Prime Minister Shigeru Ishiba kept his job in a parliamentary vote on Monday, despite having led the ruling coalition to its worst general election result in 15 years.
Lawmakers appointed former defence minister Ishiba head of a minority government—meaning he may face political gridlock, or need to compromise to pass new bills.
Ishiba took office six weeks ago and held a snap election on October 27, hoping to shore up his mandate as leader of the conservative Liberal Democratic Party (LDP).
But voters, unhappy with inflation and a slush fund scandal that helped sink his predecessor Fumio
Kishida, delivered a ballot-box blow to the LDP and its junior coalition partner.
MPs in parliament’s powerful lower house convened on Monday for a special four-day session to nominate the prime minister, a necessary step after a general election.
Japan’s opposition parties are divided on key issues, stopping them mounting a credible challenge to Ishiba.
In a run-off—the first since
1994
—Ishiba won 221 votes against 160 for Yoshihiko Noda, head of the main opposition Constitutional Democratic Party of Japan (CDP). Eighty-four votes were discounted because they named other politicians.
“This chamber names Shigeru Ishiba... as the prime minister,” announced lower house speaker Fukushiro Nukaga, as Ishiba bowed to his fellow lawmakers who applauded.
Despite losing its majority in the October election, the LDP coalition remains the largest bloc in the 465seat lower house.
The prime minister will announce a new cabinet later on Monday, who will be ceremonially approved by the emperor. AFP
the opening of the 2024 United Nations Climate Change Conference (COP29) in Baku. AFP
China to unveil stealth jets and attack drones at airshow
CHINA will unveil a new stealth fighter jet and attack drones at a major airshow this week, with analysts and rival powers watching closely for rare clues on Beijing’s military hardware development.
The country’s close ties with Moscow will also be on display at Airshow China, which showcases Beijing’s civil and military aerospace sector every two
years in the southern city of Zhuhai. Beijing has poured resources into modernising and expanding its aviation capabilities as it faces off against the United States and others around regional flashpoints like Taiwan.
Record numbers of Chinese warplanes have been sent around the selfruled democratic island, which Beijing claims as its territory, over the past few years. The J-35A, described as a “mediumsized stealth multi-purpose fighter”, looks similar in design to a US F-35, analysts say, though details are few. Its appearance at the show “can be interpreted as confirmation of its entry into service”, Chinese military aviation expert Fu Qianshao told state-backed tabloid Global Times last week. AFP
Trump, Putin discuss Ukraine in private call
US President-elect Donald Trump spoke to Russian leader Vladimir Putin and urged him not to escalate the war in Ukraine, The Washington Post reported Sunday.
Trump held the call from his Mara-Lago estate in Florida on Thursday, just days after his stunning election victory over Democratic rival Kamala Harris, the report said.
Steven Cheung, Trump’s communications director, did not confirm the exchange, telling AFP in a written statement that “we do not comment on private calls between President Trump and other world leaders.”
The Post, citing several people familiar with the call who spoke on the basis of anonymity, reported that Trump had reminded Putin of America’s sizable military presence in Europe.
They said he also expressed an interest in further conversations to discuss “the resolution of Ukraine’s war soon.” Trump also spoke by phone with German Chancellor Olaf Scholz on Sunday and the pair “agreed to work together towards a return to peace in Europe,” according to Scholz’s spokesman.
Trump’s election is set to have a major bearing on the almost threeyear Ukraine conflict, as he insists on a quick end to the fighting and casts doubt on Washington’s multi-billion dollar support for Kyiv.
Ukrainian President Volodymyr Zelensky spoke with Trump on Wednesday, with the Republican’s billionaire backer Elon Musk also notably joining them on the call.
The outgoing Democratic administration of President Joe Biden has confirmed that it will send as much aid as possible to Ukraine before Trump’s inauguration on January 20.
On Sunday, Biden’s National Security Advisor Jake Sullivan said the White House aims “to put Ukraine in the strongest possible position on the battlefield so that it is ultimately in the strongest possible position at the negotiating table.”
This would include using the remaining $6 billion of funding for Ukraine available, Sullivan said. AFP
Deadly air strikes on Gaza, Lebanon kill dozens as Israel faces deadline
ISRAELI air strikes killed dozens of people in Lebanon and Gaza Sunday, rescuers and authorities said, ahead of a US deadline for improved aid delivery to the Palestinian territory. Another strike south of the Syrian capital Damascus killed nine people including a Hezbollah commander, a war monitor said. Rescuers in the Gaza Strip said 13 children were among 30 people killed by Israeli strikes in the territory’s north. The first hit a house in Jabalia,
killing at least 25 people including 13 children and injuring more than 30, Gaza’s civil defence agency said. At around 6:00 am, “there was a very huge explosion” at the Alloush family home, said relative Abdullah al-Najjar.
“When we arrived here, all the bodies were torn apart.”
Vowing
SLEEPY OWL. An owlet yawns in a public park in Bangkok. AFP
SPORTS
VOLLEYBALL CHAMPS. The University of Perpetual System Dalta Molino Lady Altas volleyball team of coach Eldee Zapanta emerged champion in the Southern Luzon Colleges and Universities Athletic Association Season 25 on Sunday at De La Salle Animo Center, De La Salle Medical and Health Sciences Institute, City of Dasmariñas, Cavite. Perpetual Help whipped defending champion San Pablo College, 2514, 16-25, 25-14, 25-17, in the finals to clinch the 2024 crown. Dennis Abrina
PH’s Buntan, Bomogao win at ONE’s massive weekend
TWO Filipina strikers took the spotlight and shone ever so brightly for Team Philippines in ONE Championship’s back-to-back shows over the past weekend.
Fil-American striking star Jackie Buntan became the first ever fighter of Pinoy descent to snag gold in ONE’s striking arts after winning the inaugural ONE Women’s Strawweight Kickboxing World Title over Anissa Meksen at ONE 169: Malykhin vs. Reug Reug inside Lumpinee Stadium in Bangkok, Thailand last Saturday. Coming in as an underdog against the fighter many consider as one the greatest of women’s kickboxers of all time, Buntan courageously took the fight to the
French-Algerian striker, forcing a fight in the pocket while continuously landing head and body hooks to frustrate Meksen.
After five rounds, all three judges gave Buntan the nod – as she finally can call herself a World Champion after missing out on the ONE Women’s Strawweight Muay Thai World Title two years ago versus Smilla Sundell.
The night before at ONE Friday Fights 86, Islay Erika Bomogao truly lived up to the hype.
The 24-year-old dazzled in
her highly anticipated debut in the ONE stage after dominating Fuu in a 100-pound catchweight Muay Thai bout in the same legendary venue.
Bomogao promised to put out a beautiful brand of Muay Thai and that she did, as she connected on a variety of shots, including a beautiful side head kick which certainly hyped the Lumpinee crowd. By winning her debut, Bomogao draws ever closer to that US$100,000 contract to join Buntan in the ONE Championship main roster.
Alvarez, Biagtan take rebound wins
Also in ONE Friday Fights, Team Lakay’s Carlos Alvarez and T-Rex MMA’s Fritz Biagtan took home impressive victories.
Alvarez survived a late first round onslaught and took a second-round TKO win over Mirza Aliev, raining down punches on the Russian until Herb Dean stopped the fight in the 4:22 mark of the second round.
The win pushed Alvarez to 4-1 in the Lumpinee circuit, putting him back on the hunt for that coveted contract.
Gonzaga, Bandala impress at Gov Cup with MVP wins
AYL Gonzaga and Pete Bandala showcased their burgeoning tennis talents as they dominated the Governor’s Cup National Championships at the DAO Sports Complex in Pagadian City, Zamboanga del Sur over the weekend. Gonzaga, a 14-year-old from Castillejos, Zambales, proved unstoppable in her age group, dropping just five games over three matches and clinching the title with a decisive 6-1, 6-2 win over Vienna Cagas.
She also reached the finals in the 16-and-U division, narrowly losing to Lanao del Norte’s Anna Ragpala in a tightly contested match, 6-2, 4-6, 10-8, and finished as runner-up in the premier 18-and-U category against topseed Sanschena Francisco from Sultan Kudarat, 6-3, 6-2. Bandala, 16, from Dipolog City, claimed the boys’ 16-and-U title with a solid 6-3, 6-2 victory over Deem Lan-
ticse and reached the finals in the boys’ 18-and-U category, where he lost to top seed Vinz Bering, also from Lanao del Norte, 6-4, 6-4. Despite falling short of double-title victories, Gonzaga and Bandala earned MVP honors in the country’s longest talent-search presented by Dunlop and held as part of the Palawan Pawnshop’s sports program initiated by president/ CEO Bobby Castro. The tournament saw other notable performances, including wins from Lanao del Norte’s Deem Lanticse, Prince Centino from Oroquieta City, Tangub City’s Zakari Obenza and Keuzaifah Ordiz in various age divisions. The event now heads to Zamboanga del Norte for the next leg from Nov. 14 to 18 in Dipolog City. For details and listup, contact tournament director and PPS-PEPP Sports Program and Development head Bobby Mangunay at 0915-4046464.
Biz Hub hosts Batangas Regional Festival of Aboitiz Football Cup
THE 24th Aboitiz Football Cup has arrived at Biz Hub at LIMA Estate, bringing together young talents from Batangas, nearby provinces, and Metro Manila for a vibrant showcase of Filipino athleticism and community spirit. The tournament, known as the country’s longestrunning grassroots sports initiative, is dedicated to nurturing future Filipino athletes by promoting resilience, discipline, and sportsmanship in every match. Over four weekends, from November 23 to December 14, teams across age groups from U-8 to U-18 will compete, with the top U-16 and U-18 teams earning the opportunity to participate in an exhibition match in Cebu, the birthplace of the Aboitiz Football Cup.
This year, regional legs have been held in Tarlac, Cebu, and Davao, broadening the tournament’s reach and impact.
Biz Hub at LIMA Estate serves as the ideal setting for the Batangas Regional Festival of the Aboitiz Football Cup, embodying the integration of spaces to live, work, and play. As a dynamic lifestyle hub in Southern Luzon, Biz Hub brings together people and opportunities in a vibrant, cohesive environment.
At its heart is the Aboitiz Pitch—a premier venue that invites players, fans, and the broader community to gather and share in the excitement of the game.
Fiery PVL duels up as 4 teams battle for early surge
WITH the momentum of the recordsetting Premier Volleyball League AllFilipino Conference already set from last Saturday’s electrifying opener, fans eagerly await another round of heated duels today (Tuesday).
Four teams, each with their own unique strengths and storylines, are set to battle in back-to-back matches that promise the same intensity and skillful play that made opening day memorable.
Action resumes at 4 p.m., as the PLDT High Speed Hitters bring an intact roster to face off against the defensive-minded Nxled Chameleons.
Led by Fil-Canadian Savi Davison, whose return adds depth and power to their offense, the High Speed Hitters are expected to capitalize on their roster stability and teamwork. Davison will aim to lead her squad with the same tenacity as Fil-American Brooke Van Sickle, who scored an astounding 34 points to help the Petro Gazz Angels secure victory in the season opener. Davison, along with teammates Majoy Baron, Mika Reyes and Jovie Prado, among others, bring a formidable lineup that has had time to develop strong team chemistry. Although Kim Dy’s availability remains uncertain due to an injury, the High Speed Hitters are confident in their ability to execute a well-rounded offensive and defensive game.
But the Chameleons, now handled by Italian coach Ettore Guidetti, are gearing up to present an impenetrable defensive front. After placing eighth in the last All-Filipino and 10th in the Reinforced Conference, Guidetti’s revamped strategy emphasizes defense. With players like May Luna, Lycha Ebon and Jaila Atienza who are committed to tenacious digs and efficient passing, Nxled aims to wear down its opponents by making scoring challenging on every play.
“The team is a defensive one, so I don’t need to spend too much time on that,” said Guidetti. “They love to dig. Normally, it’s difficult to score on the first attempt against my team, so right now we’re trying to raise the bar in other areas.”
In the 6:30 p.m. clash, a restructured Chery Tiggo squad clashes with a rejuvenated Capital1 team. The Crossovers face a rebuilding phase after the departure of stars Eya and EJ Laure, as well as defensive ace Buding Duremdes.
Nestled alongside The Outlets and LIMA Exchange, which offer a
has made sustainability a core aspect of the Aboitiz Football Cup. In collaboration with Coca-Cola Beverages Philippines Inc. (CCBPI), this year’s tournament launched the “Wasteless Campaign” to harmonize sports with environmental responsibility. This initiative encourages young athletes to become champions of environmental stewardship, both on and off the field, promoting a zero-waste lifestyle and a commitment to sustainability. Biz Hub at LIMA Estate, with its thoughtfully designed green spaces and commitment to sustainable development, actively supports this objective by providing a venue that encourages positive change within the community.
THE upcoming MLBB M6 World Championship and what’s next in the Go For Gold Criterium Race Series are in store in Tuesday’s session (Nov. 12) of the Philippine Sportswriters Association (PSA) Forum at the conference hall of the Rizal Memorial Sports Complex. Keith Nino Medrano will accompany the two Philippine teams competing in the Nov. 21-Dec. 15 meet in Malaysia in the weekly public sports program starting at 10:30 a.m. The Filipino M6 delegates are composed of Fnatic Onic PH led by coach Tony ‘Ynot’ Senedrin and player Cyric ‘Kingkong’ Perez, and the Aurora MLBB of coach Aniel ‘Master the Basics’ Jiandani and player Edward Jay ‘Edward’ Dapadap. Meanwhile, Go For Gold founder Jeremy Go make up the other half of the Forum presented by San Miguel Corporation (SMC), Philippine Sports Commission, Philippine Olympic Committee, Smart/PLDT, MILO, and the country’s 24/7 sports app Arena Plus. Go will be discussing the next step for the Go For Gold Criterium Race Series which recently held a successful one-day bikathon in General Santos City. The session
Ayl Gonzaga (center) and Pete Bandala (right) hold their trophies as they pose with Zamboanga del Sur Sports head Alfredo Cimafranca after dominating the Governor’s Cup National Juniors Tennis Championships.
Islay Erika Bomogao
Shown here are (from left) Aboitiz InfraCapital Economic Estates vice president for Luzon operations Clifford Academia, Aboitiz Foundation president and Aboitiz Equity Ventures Chief Reputation and Sustainability officer Ginggay Hontiveros-Malvar and RSA1 Sports Group president Rely San Agustin.
The Aboitiz Pitch, centrally located within Biz Hub at LIMA Estate, provides a dynamic space for the community to connect, play, and come together.
TUESDAY, NOVEMBER 12, 2024
RIERA U. MALLARI, Editor
RANDY M. CALUAG, Asst. Editor
EDGARD HILARIO, Asst. Editor
Immersive Riot Games’ experience with Jinx’s Safehouse
THE scenarios presented in the Emmywinning animated series Arcane are now playable on the popular multiplayer online battle arena game League of Legends (LOL).
Game developers made it available, following the showing of the second and final season of Arcane, which premiered last Saturday on Netflix.
“That will be available. There are a lot of new things that are there,” said Kimi Salazar, brand manager of Riot Games.
Salazar talked about one of their new releases as Riot Games Philippines partnered with Rumble Royale Stronghold in Quezon City for a watch party and the debut of their latest game play, Jinx’s Safehouse.
Playing Jinx’s Safehouse and Riot Games titles offers a fun and immersive experience every weekend on watch parties that will be held from November 9 to 24.
The game is based on the popular multiplayer online battle arena game League of Legends (LOL). Arcane is an animated series developed and produced by Riot Games, in partnership with Fortiche Productions back in 2009.
The game story follows the origins of two iconic League champions, Vi and Jinx, set in the utopian region of Piltover and the oppressed underground of Zaun.
The organizers of Riot Games Philippines have turned Rumble Royale Stronghold into Jinx’s Safehouse, a rendition of the popular hideout of one of the lead characters (Jinx) in the animated series.
The venue will be the site of weekly events and activities such as mini games, exhibitions, show matches, cosplay competitions, watch parties for Arcane S2, and more.
Didal makes triumphant return from injury, rules Argentina tilt
Pirates, Generals dispute semis slot
EMILIO Aguinaldo College eyes a date with history, while Lyceum of the Philippines University seeks to preserve tradition as the two collide today in NCAA Season 100 at the Filoil EcoOil Arena.
The Generals and the Pirates, currently at No. 4 with even 8-8 records, face off at 11 a.m. with the former seeking to close in on a breakthrough Final Four stint and the latter aiming to make the semis for the third straight year.
The winner of the crucial duel would not only assume solo fourth for the time being, it would also book at least a playoff for that last berth to the Final Four where College of St. Benilde (13-3), Mapua (13-3) and San Beda (10-6) awaited.
“Lahat ng natitirang games namin ay must win,” said EAC coach Jerson Cabiltes, who is hoping to make the postseason for the first time since joining the grand old league 15 years ago.
Coincidentally, LPU will parade a complete roster for the first time this year as JM Bravo finally received a clean bill of health after undergoing concussion protocols the past few weeks.
“First time this season, we will have a complete line up because JM got a doctor’s clearance that he can play,” said LPU mentor Gilbert Malabanan.
By Randy Caluag
TOKYO Olympian and 2018 Asian Games’ skateboarding gold medalist
Margielyn Didal made a powerful comeback from a major injury, pulling off a rousing victory in the Red Bull Buenos Aires Conquest Women’s Championship over the weekend in Argentina.
The 25-year-old Cebuana showed superb form for the first time since fracturing a left fibula suffered during the Red Bull Skate event in Brazil in 2022.
In a thrilling showdown among some of the best women skateboarders in the world, Didal outperformed seven elite rivals to claim the women’s street crown, securing the best trick honor as well.
Among her competitors were fellow Olympian Roos Zwetsloot from the Netherlands, Argentina’s Camila Caceres, and Mexico’s Itzel Granados.
The final showdown against Zwetsloot emerged as the highlight of the event, with Didal narrowly clinching a 3-2 decision.
The Red Bull global skateboarding series is recognized as one of the top tournaments for elite skateboarders worldwide.
Since her 2022 injury, Didal has worked tirelessly to regain her prime form, despite the setback affecting her Tokyo 2024 Olympic campaign.
Known for tenacity on the field and spirited personality, Didal started skateboarding at the age of 12 on the streets of Cebu City.
She first captured national attention with her gold medal win at the 2018 Asian Games in Jakarta, Indonesia.
Her international breakthrough came earlier that year as the only Filipino participant in the X Games, followed by her gold in the street skateboard event at the 2019 Southeast Asian Games.
Battle of Fil-Am skaters: Bautista upstages Frank
By Peter Atencio FILIPINA-AMERICAN
Maxine Marie Bau-
standout
tista got the boost from a supportive audience when she won the recent Philippine National Figure Skating Championships 2024 at the SM Skating Rink inside the Mall of Asia in Pasay City.
Fans were in awe of the clean execution of her moves and two particularly difficult jumps, when the 23year old Bautista upset back-to-back champion and fellow Fil-Am Sofia Frank as she ran away with the senior women’s crown.
The Chicago, Illinois-based Bautista, competing for the first time on local soil, convinced the judges of her great skills when she executed a triple lutz and a triple toe-double toe combo smoothly during the short and freestyle programs.
Local fans whooped it up as Bautista, coached by jumps specialist Alexander Ouriashev, picked up a total of 132.84 points to emerge ahead of five others.
Bautista, who is from River Grove, placed ahead of Massachusetts-based Cathryn Limketkai, who took second with 123.24 points.
“It’s been an amazing finals. The
audience has been supportive. I could not ask for a better environment to compete,” said Bautista, whose parents Arnold and Victoria, both nurses, were from Lian, Batangas before migrating to the United States. Bautista talked of her experience during Sunday’s annual fundraising ice show, “Carols on Ice,” at the MOA rink by the Philippine Skating Union to pro-
mote skate sports in the country. The event also served as the closing ceremony for the National Championships. She earned a spot for the national team that will compete in the 2025 Asian Winter Games in Harbin, China in February next year.
Frank settled for third place, placing third in the short program and settling for fourth in the freestyle event, for a total of 108.79 points. Another United States-based standout in Lillianna Fish and Cebuana teen Giuliana Dinopol shared the limelight with Bautista as they ruled the supporting categories of the two-day meet organized by the PHSU and supported by the Philippine Sports Commission. Fish, a standout from the Carolina Figure Skating Club, rose from fifth place in the short program with a top finish in the free skating event, to claim the junior women’s crown with 92.89 points. Isabella Hazelton moved up from third spot to take the no. 2 position and grab the silver with 90.82 points, ahead of Samantha Mascarinas (89.17). Dinopol, a prized find from Liloan, Cebu, showed consistency in taking the no. 1 spots in both the short program and freestyle events as she nailed the advanced novice girls’ honors with 66.83 points.
Mitsubishi Electric Cup Trophy makes Manila stop
SPANISH coach Albert Capellas expects a tough battle ahead as the Philippine Men’s National Team aims for a historic triumph in the ASEAN Mitsubishi Electric Cup next month.
Speaking at the Manila leg of the Mitsubishi Electric Cup Trophy Tour last Saturday, Capellas vowed to whip the Filipino booters into their best form in Southeast Asia’s top football tournament.
The Filipinos, who have reached the semifinals of the tournament four timesthe last coming in 2018, are grouped with two time champions Vietnam, Indonesia, Myanmar and Laos.
“I only can promise that we will do our best to win the games,” said Capellas. “If that happens, let’s see what we can achieve in the finals and maybe we deserve to be here, alongside the other winners.”
Current players Simone Rota and Patrick Deyto, as well as former national team
stars Misagh Bahadoran and Ali Borromeo also attended the Trophy Tour events that
included a football clinic at Tuloy sa Don Bosco in Muntinlupa.
“It’s about time we get our hands on the trophy,” said Deyto, a former De La Salle standout who has carved out a solid career that included a stint in the Thai League.
The trophy had a lengthy tour across Southeast Asia which began last September in Bangkok, and travelled to Singapore, Kuala Lumpur, Hanoi, Jakarta, before its final leg in Manila.
The group phase of the 2024 edition of the ASEAN Mitsubishi Electric Cup™ kicks off on December 8 but the Philippines won’t open its campaign until December 12 when they host Myanmar. The Filipinos face Laos on December 15 in Vientiane before clashing with Vietnam in Manila three days later. They wrap up the group stage in Jakarta where they will play Indonesia.
The semifinals will be played on a homeand-away basis on December 26-27 and 29-30 with the final on January 2 and 5.
Peter Atencio
Spanish coach Albert Capellas
Filipina skateboarding star Margielyn Didal pulls o a rousing victory
Maxine Bautista (center) performs after the national finals at the ‘Carols on Ice’ fundraiser. Enzo Gregarna
Riot Games brand manager Kimi Salazar talks about the game Arcane and the season 2 episodes on Net ix.
Foreign direct investments topped $6b in 8 months
By Darwin G. Amojelar
NET inflows of foreign direct investments (FDI) in the Philippines surpassed the $6-billion mark in the first eight months of 2024 despite a slight drop in August, data from the Bangko Sentral ng Pilipinas show.
The BSP said FDI net inflows amounted to $813 million in August 2024, down from $951 million in the same period last year.
It said the decline was due to the 21.6-percent contraction in nonresidents’ net investments in debt instruments to $529 million from $675 million. Nonresidents’ reinvestment of earnings also went down by 9.4 percent to $217 million from $240 million. Meanwhile, nonresidents’ net investments in equity capital (other than reinvestment of earnings)
expanded by 83.6 percent to $66 million from $36 million in August 2023.
These equity capital placements came mostly from Japan and the United States and mostly invested in the manufacturing, real estate, and electricity, gas, steam and air-conditioning supply industries.
The BSP said that on a cumulative basis, net FDI inflows in the first eight months rose 3.9 percent to $6.1 billion from $5.8 billion a year ago.
Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the still relatively higher inflation and interest rates increased borrowing/financing costs for global and local investors.
“The year-on-year improvement in the FDI data in earlier months, still among pre-pandemic highs, may have to do with improved economic
and financial markets performance in recent months, such as the headline inflation trending recently well within the central bank targets that could support/justify Fed rate cuts and local policy rate cuts later in 2024,” Ricafort said.
“For the coming months, possible further cuts in the U.S./global/local policy rates expected from 20242026, especially if inflation remains well anchored within inflation target of the central bank, could also lead to further pick up/improvement in FDIs eventually,” he said.
Ricafort said the Philippine economic growth, which is still among the fastest in ASEAN/Asia, would help boost investments and serve as a bright spot for the local economy. This would also help boost jobs/employment, business activities and other economic opportunities for the country, he said.
ICTSI’s Razon slams Maersk for port tactics
By Darwin G. Amojelar
INTERNATIONAL Container Terminal Services Inc.
chairman Enrique Razon Jr. on Monday slammed Danish shipping and logistics firm Maersk for causing delays in ICTSI’s takeover of a Durban container terminal in South Africa.
Razon, the second richest billionaire in the Philippines after the Sy family, made the statement after a South African court granted an interdict against Transnet’s selection of ICTSI in the privatization of the Durban container terminal. This is expected to delay the privatization of the terminal.
“This was a well-run, rigorous and transparent tender process despite what Maersk has attempted to make people believe,” Razon said in a statement.
“ICTSI is one of the largest terminal operators in the world and is, from an EBITDA standpoint, larger than Maersk’s APM Terminals. We outbid Maersk by $100 million, and they are attempting to use a nonessential technicality to ensure that the government of South Africa does not succeed with part of its economic agenda,” Razon said.
“Maersk is clearly desperate to prevent the entry of an independent common user terminal operator. In short, after failing to produce a strong bid, they are instead trying to delay and stop the process by using the courts,” Razon said.
ICTSI beat APM’s bid for the Durban terminal in July 2023 in a tender process conducted by Transnet,
but APM questioned the award before the court in March 2024, alleging that ICTSI failed to meet the terms of the tender including a solvency threshold. The bidding established a minimum solvency ratio as a requirement. A court in South Africa recently issued an interdict against Transnet’s selection of ICTSI, allowing the case to proceed in court and delaying the privatization plan.
Razon said the qualification rules were very clear, as Transnet could and can evaluate the bidders in whatever way was in line with the law and met the public interest.
He said Maersk was trying to question a non-defined metric that many of the largest public corporations in the world could not meet, including Apple Computer.
“It is also not possible for as many as 40 percent of the top 40 companies on the Johannesburg Stock Exchange, including South Africa’s largest banks and insurers. Moreover, Maersk has attempted to suggest their case required urgent intervention, however, this is the same company that waited nine months before launching a case after ICTSI’s bid was accepted as the best,” Razon said.
DIGIPLUS DONATION. First Lady Lisa Araneta-Marcos, alongside DigiPlus Interactive chairman Eusebio Tanco and Department of Social Welfare and Development Undersecretary Pinky Romualdez hands over financial aid to families affected by Typhoon Kristine in Batangas province. This forms part of the P37 million pledged by DigiPlus Interactive in support, especially for the recovery of bereaved families of 148 casualties nationwide. BingoPlus Foundation, the social development arm of DigiPlus Interactive, committed at least P250,000 to each bereaved family, as a symbol of compassion and support for their journey to recovery.
SM Prime’s nine-month profit climbed by 12% to over P33b
By Jenniffer B. Austria
PROPERTY developer SM Prime Holdings Inc. (SMPH) said Monday its net income grew by 12 percent in the first three quarters of 2024 to P33.9 billion from P30.1 billion in the same period in 2023 on the back of a steady growth from malls and residential businesses.
Nine-month consolidated revenues
P99.8 billion, up 8 percent from P92.6 billion, SMPH said in a
Consolidated operating income rose 7 percent to P47.7 billion from
PH stocks, peso decline on lower foreign investments
THE Philippine stock market opened the week in the negative territory, as the Bangko Sentral ng Pilipinas (BSP) reported a decline in net inflows of foreign direct investments (FDIs).
The Philippine Stock Exchange index shed 37.17 points, or 0.53 percent, to close at 6,940.01, while the broader all-shares index slipped 16.78 points, or 0.43 percent, to settle at 3,867.02.
Data from the Bankers Association of the Philippines showed that the peso also dipped to 58.59 against the US dollar Monday from 58.26 Friday. FDIs, including equity capital, reinvested earnings and borrowings dropped 14.5 percent year-on-year to $813 million in August, indicating potential caution among foreign investors. Despite the recent selling in the market, Metrobank’s WealthInsights team is recommending investing in the equities market amid expected rate cuts by the BSP and the US Federal Reserve.
“We are shifting our overweight allocation to equities as we anticipate more upside potential despite expected interest rate cuts by the Banko Sentral ng Pilipinas and the US Federal Reserve,” Wealth Insights said.
“With yields projected to trend lower, investors can lock in gains from investments in fixed income and reallocate to equities, which we expect will offer higher returns as a result of improving market sentiment and stronger earnings growth,” it said. Except for financial sector which rose 0.31 percent, all indices ended in the red.
Mining and oil decline 2.61 percent, as gold prices declined on stronger dollars while industrial fell by 0.89 percent.
Value turnover reached P3.84 billion. Foreign investors were net sellers, with outflows reaching P740.8 million.
Aboitiz Equity Ventures Inc. dropped 5 percent to P34.20, Ayala Land Inc. rose 1.94 percent to P31.60. Jenniffer B. Austria
P44.5 billion.
SMPH recorded P11.8 billion in
third-quarter consolidated net income, or 11 percent higher than in the same period in 2023. Sales climbed 7 percent to P35.1
billion, while consolidated operating income reached P16.6 billion.
“Our 30th anniversary is shaping up to be a milestone year, with results indicating we’re on track to finish with yet another banner year,” said SMPH president Jeffrey Lim.
“For the remainder of the year, we anticipate continued growth due to the recent opening of SM City J Mall and the upcoming holiday season,” he said.
Mall business, which accounts for 57 percent of the company’s consolidated revenues, reached P56.5 billion in total revenues in the first nine months of 2024. This was 8 percent
higher than a year ago. Mall rental income increased 8 percent to P48.5 billion, while cinemas, event ticket sales and other revenues went up by 4 percent to P8 billion.
Sales from residential business amounted P31.2 billion in revenues in the first three quarters of 2024, up by 9 percent from a year earlier.
SM Development Corp. posted P47 billion in reservation sales.
Other key businesses, which include offices, hotels and convention centers, booked sales of P11.0 billion, representing an 11-percent from P9.9 billion in the first nine months of 2023.
SEC approves DoubleDragon’s P10-b bond offer
DOUBLEDRAGON Corp. said Monday it obtained the Securities and Exchange Commission’s (SEC) approval for its planned P10-billion fixed-rate bond offering. The 5.5-year bonds will carry a coupon rate of 8 percent per annum. The offering will run from Nov. 11 to 20, 2024. The bonds will be listed on the Philippine Dealing and Exchange Corp. on Nov. 27, 2024.
“We are glad to tap the peso retail bond market again to capture an even wider stakeholder base into DoubleDragon’s ecosystem,” DoubleDragon chairman Edgar Sia II said.
“We believe that the pricing of this DD retail bond offering at 8 percent will enable a wide range of people to avail of the good coupon rate for a Triple A rated retail bond and given the minimum investment size of only P50,000,” Sia said.
The company engaged RCBC Capital, Land Bank of the Philippines and Unicapital as joint issue managers, joint lead underwriters and bookrunners for the transaction.
DoubleDragon said the capitalraising activity would boost its financial position and support its growth.
DoubleDragon has 1.3 million square meters of completed gross floor area of leasing assets, including office buildings, commercial, hotels and industrial warehouses located across the country to date. The company is buildings its first three Hotel101 overseas projects, which are expected to generate inflows of $471 million (P27.2 billion) in foreign currency revenues. Jenniffer B. Austria
AUSTAL Philippines, a key player in the global shipbuilding industry, said Monday it secured a contract to construct a 32-meter catamaran for Rottnest Fast Ferries.
The milestone comes as the company celebrates its 12th year of operations at West Cebu Estate (WCE). The advanced aluminium vessel, designed by Australian firm Incat Crowther, will be built in Austal’s world-class shipyard at WCE.
Set to accommodate 400 passengers and a five-member crew, the catamaran includes ample cargo space for bicycles and baggage, powered by two 1029kW MAN D2862 diesel engines, delivering speeds of up to 25 knots for a comfortable and efficient journey.
Austal Philippines’ growth within WCE highlights the estate’s robust industrial ecosystem, which provides a comprehensive suite of infrastructure essential for sustained operational success.
NO NATIONAL government in the world has unlimited resources at its disposal. Consequently, the need to establish priorities and make choices is least acute in the case of a vast and well-endowed country like the US; it is most acute in the case of any Third World country.
The Nobel Economics Prize winner Paul Samuelson of the Massachusetts Institute of Technology sought to simplify the issue of government resource allocation by speaking of a choice between better- meaning socio-economic goods and guns.
Prof. Samelson’s thinking on the issue was heavily influenced by world history since the Napoleonic Wars, and particularly by World War II and the Cold War.
Prof. Samuelson’s guns-versus-butter characterization of the government resource allocation issue is largely true of the countries of the First World; it is largely untrue of the countries that comprise the Third World. In the latter countries, allocators of public-sector resources dot not have a two-way but a three-way choice. Corruption is the third choice in the Third World government resource allocation situation.
The truth of the matter is that the annual national budget--P6.35 trillion for 2025--is made up of three parts: a legislated allocation for socio-
Businesses like Austal benefit from reliable power, water, telecommuni
cations and construction services at WCE, seamlessly integrated to support high-level production demands.
WCE is also home to a skilled local workforce, ensuring the steady supply of talent required to keep pace with operational needs.
The estate’s dedicated seaport optimizes logistics, enabling efficient goods movement, while regulatory services—including a one-stop-shop for PEZA and Bureau of Customs support—streamline processes for all locators.
Since its establishment at WCE in 2012, Austal Philippines has delivered 21 vessels to 12 clients across 11 countries, underscoring its stature in global shipbuilding.
Austal expanded into drydocking and ship repair services in 2022, broadening its value proposition and reinforcing WCE’s role as a leading hub for advanced maritime operations.
economic goods, a legislated allocation for guns/ national defense and an unlegislated allocation for corruption.
Current examples of unlegislated allocations for corruption are the illegal Department of Education (DepEd) and Office of the Vice President (OVP) expenditures, revealed in the recent Senate hearings on the proposed 2025 national budget.
A widespread feeling among the people of this country is that at least 20 percent of the national budget approved by Congress and the President of the Philippines goes toward what economists call ‘leakages’. The leakages take various forms—unauthorized and inadequately documented expenditures (such as the DepEd’s and OVP’s) overpricing, rigged biddings, fraudulent reporting of performance, non-adherence to project specifications, etc.
Over the decades, this country’s governmentspending policymakers have chosen to allocate most of the government’s resources to socioeconomic goods rather than to guns. Two factors have been largely responsible for that choice—the steady supply of military equipment to this country by the U.S. and the need to keep up with the socio-economic requirements of a rapidly growing Philippine population. The termination in 1991 of the Military Bases Agreement led to a dwindling
Let the lion’s share of the national budget be directed toward socio-economic goods, but more resources should be allotted to national defense.
of U.S. military-equipment donations to the Philippines.
Under the 1987 Constitution, national defense does not enjoy the highest priority in government spending, and the Department of National Defense (DND) has always had to fight for every peso of budgetary allocation. What has been allocated every year by the government was barely enough to provide the DND with the naval, air and land weaponry it needs to be placed among the countries considered to have first-rate armed forces.
The makers of this country’s military policy obviously have been believing that the Philippines does not have to spend much money on military assets because of the existence of the U.S. - Philippines Mutual Defense Treaty of 1952. But circum-
stances have changed. Now there is an aggressive China that rams, lasers and water-cannons inadequate Philippine naval assets, dangerously buzzes Philippine Air-Force (PAF) craft and prevents Filipino fishermen from freely making a living in Philippine waters.
For the Philippines, the situation in the West Philippines Sea is pitiful, even pathetic. This country is openly being oppressed and shamed by an increasingly aggressive China, and there is little that it can offer by way of resistance.
Joint maritime and air patrols with allies and donations of military assets by them are fine, but there is no substitute for a build-up of our military assets—at sea, in the air and on land—with our own resources.
That will require a modification of the butterversus-guns approach to the allocation of government resources. By all means, let the lion’s share of the national budget be directed toward socioeconomic goods, but more resources should be allotted to national defense.
And of course, a sharp reduction in the corruption element of government spending will free up more funds for Philippine Coast Guard (PCG) ships, F-16s for the PAF and more modern fire power for the Philippine Army (PA). (E-mail llagasjessa@yahoo.com)
PARTNERS NIGHT. Governance Commission for GOCCs (GCG) Commissioner Brian Keith Hosaka gives the ceremonial toast during the Philippine National Oil Co. (PNOC) Partners’ Night on Nov. 8, 2024 at Marquis Events Place, Bonifacio Global City. He is joined by director John Arenas, chairman of the board and Department of Energy Secretary Raphael Lotilla, PNOC president and chief executive Oliver Butalid, director Maria Jasmine Oporto, director Joel Caminade, director Victor Emmanuel Dato and DOE Undersecretary Alessandro Sales.
Austal Philippines will construct a new 32-metre catamaran, designed by Incat Crowther, for Rottnest Fast Ferries. It will be built in Austal’s world-class shipyard at West Cebu Estates.
BUSINESS
(LNG) industry.
NEDA: Strong middle class key to achieving 2040 prosperity goal
THE National Economic and Development Authority (NEDA) underscored the critical role of a robust middle class in realizing the Philippines’ long-term vision of a prosperous, predominantly middleclass society by 2040 or the “AmBisyon Natin 2040.”
Speaking at the 62nd Philippine Economic Society (PES) Conference on Nov. 8 in Quezon City, NEDA Secretary Arsenio Balisacan highlighted the importance of policies that support the transition of Filipinos into the middle class and protect them from economic shocks.
The NEDA-sponsored plenary session, themed “Growing and Strengthening the Middle Class towards Re-
First Gen posted $205-m recurring income in 9 months
FIRST Gen Corp. said Monday its recurring net income attributable to the parent company declined 17.4 percent in the first nine months of 2024 to $205.5 million from $248.8 million in the same period last year on lower contribution from its geothermal, wind and solar (GWS) platforms.
First Gen said in a disclosure to the stock exchange its net income attributable to the parent company was adjusted for non-recurring items such as the proceeds from insurance claims, unrealized foreign exchange losses (gains), movements in deferred income taxes, COVID-19 relief expenses, MTM losses (gains) on derivative transactions and provisions for asset impairment.
First Gen’s revenues also decreased 2.3 percent in the first nine months to $1.85 billion from $1.89 billion a year earlier. Meanwhile, net income attributable to the equity holders of the parent company decreased by 16.1 percent to $207 million in the first nine months from $246.8 million a year ago, as the contribution of Energy Development Corp. declined 41.1 percent to $59.7 million from $101.4 million.
First Gen attributed the decrease in EDC’s income to lower revenues due to both lower sales volume and lower average Wholesale Electricity Spot Market selling prices, higher operation and maintenance expense for power plant, steamfield maintenance and workover activities, higher expenses from increased contracted services, salaries and taxes and increased interest expense versus the same period last year due to new debt availed in the first nine months. Alena Mae S. Flores
alizing the AmBisyon Natin 2040,” highlighted the need for comprehensive strategies to uplift the Filipino middle class.
“Our first and important step is to address the poverty in the country. Once individuals rise above poverty, we must focus on mitigating their vulnerabilities to risks by enhancing the resiliency of our jobs and other income opportunities to prevent them
from falling back into poverty,” Balisacan said.
NEDA Undersecretary for Policy and Planning Group Rosemarie Edillon gave the plenary presentation, emphasizing the holistic set of priorities that the government must focus on.
“To sustain a middle-class living standard, Filipinos need adequate income and substantial savings. The government must continue to implement policies that reduce poverty, keep commodity prices low and stable, increase employment opportunities and improve the employability of Filipinos, as well as build resilience by strengthening social protection,” Edillon said.
Reacting to Edillon’s presentation,
World Bank lead economist Gonzalo Varela noted the necessity of creating quality jobs and promoting higher productivity sectors by reducing barriers to entry, enforcing competition, and opening key enabling sectors for faster productivity growth.
Varela said reducing trade and investment costs is essential to outward-oriented growth.
“Along with the need to create more opportunities, the Philippines needs to create capabilities by establishing strong human capital and equipping workers with the skills of the future, integrating approaches to fix foundational challenges, and preparing for technological disruptions,” Varela said.
BFAR allots P1b for PH seaweed development program
By Othel V. Campos
THE Bureau of Fisheries and Aquatic Resources (BFAR) allocated P1.06 billion for the Enhanced Philippine Seaweed Development Program (EPSDP) in 2024.
The initiative aims to bolster the country’s seaweed industry, which is a major agricultural export and dollar generator for the Philippines.
Agriculture Secretary Francisco
Tiu Laurel Jr. highlighted the program’s potential to create jobs and
boost the economy.
“BFAR data indicates a substantial growth potential for seaweed farming, with identified expansion areas that could increase annual output by 50 percent,” he said.
BFAR officer-in-charge Isidro Velayo Jr. said P530 million would be used to distribute farm implements, establish new nurseries, maintain existing culture areas and construct warehouses, dryers and food carts.
He said P10 million would fund the purchase of bioreactors to produce
4,100 metric tons of seaweed propagules. The PSA reported that the seaweed industry produced 1.6 million metric tons (MT) of fresh seaweed in 2023, generating P12.7 billion in revenue. With untapped potential in regions like Tawi-Tawi, Southwestern Luzon and the Zamboanga Peninsula, the EPSDP aims to capitalize on this growth opportunity and buttress the Philippines’ position as a major seaweed producer.
PCC conducts workshop to equip gov’t agencies with competition knowledge
THE Philippine Competition Commission (PCC) conducted a workshop aimed at equipping government agencies with the tools and knowledge needed to conduct competition impact assessments (CIAs).
The two-day workshop from Oct. 16 to 17 provided participants with comprehensive training on the principles of competition assessment and the practical application of CIAs.
“Even well-intentioned policies can sometimes have unintended consequences that harm competition. CIAs help us identify and mitigate these risks, ensuring that our policies are both procompetitive and pro-people,” said PCC chairperson Michael Aguinaldo.
CIAs are a crucial tool for policymakers to assess the potential impact
Indonesia’s PT Pertamina keen on LNG projects in PH
By Alena Mae S. Flores
INDONESIA’S state-owned PT Pertamina (Presser) expressed strong interest in participating in the Philippine liquefied natural gas (LNG) industry supply chain.
The company shared its plans to initially focus on midstream operations, which include the transportation and storage of LNG, before potentially expanding into upstream (exploration and production) and downstream (distribution and sales) activities to support the country’s growing energy demand.
Officials from PT Pertamina and its subsidiaries, PT Perusahaan Gas Negara (PGN) and PT Pertamina Petra Niaga (PPN), attended an investment briefing hosted by the Board of Investments on Nov. 6, 2024.
The BOI provided insights into the current Philippine investment landscape and highlighted opportunities within the LNG sector.
The visit of the Indonesian officials was endorsed by the Philippine Trade and Investment Center in Jakarta, headed by commercial attaché Jeremiah Reyes.
Meanwhile, state-run Philippine National Oil Co. (PNOC) and Pertamina signed a memorandum of understanding (MOU) on Nov. 7, 2024 toward strengthening energy capabilities between the Philippines and Indonesia.
The alliance aims to advance collaborative development in LNG and any other possible cooperation and collaboration in energy sectors that may be mutually agreed by both companies, marking both countries’ commitment to energy security, economic growth, and a low-carbon future in the region.
“We must find every opportunity to collaborate–connectivity and complementation of strengths. We believe LNG can give us the energy security and make us more competitive. Pertamina is a huge corporation and one of the drivers of the Indonesian economy. With the extensive operations they have, we are excited to leverage the expertise of Pertamina on LNG,” PNOC president and chief executive Oliver Butalid said in a statement.
DTI eyeing trade opportunities with Sirius, LuLu Group
THE Department of Trade and Industry (DTI) met with conglomerates Sirius International Holding and Lulu Group International during a trade mission to the United Arab Emirates on Nov. 9, 2024. The mission meant to explore potential investments and trade partnerships that could drive the Philippines’ digital economy and expand its export market.
Acting Trade Secretary Ma. Cristina Roque highlighted the Philippines as an ideal investment destination for digital transformation initiatives during the meeting with Sirius International Holding, a technology-focused subsidiary of International Holding Company (IHC).
“While no formal commitments were made at this time, the meeting served as a valuable opportunity to showcase the extensive operations of Sirius to the Philippine delegation,” Roque said.
of proposed laws and regulations on competition. By identifying and addressing anti-competitive provisions, CIAs can help to promote a more competitive market, leading to lower prices, increased choice, and higher quality products and services for consumers.
The training is in line with the Philippine Development Plan 2023-2028, which prioritizes the institutionalization of CIAs to minimize restrictive government policies.
The workshop was a joint initiative of the PCC Economics Office, the National Economic and Development Authority (NEDA) and the Anti-Red Tape Authority (ARTA), with the support of the Asian Development Bank. Othel V. Campos
Sirius expressed keen interest in exploring potential partnerships with Philippine companies in related fields. Sirius, a technology-focused company based in Abu Dhabi, manages investments across various sectors, including fishery, nuclear power, construction, healthcare and hospitality.
Roque emphasized the strong demand for Philippine products in the UAE.
Lulu Group, which operates 258 stores across the UAE and has a logistics and export center in Laguna, expressed its commitment to supporting Philippine small and medium enterprises (SMEs) by increasing its procurement of Philippine goods.
The Lulu Group agreed to formalize the partnership through a memorandum of understanding (MOU) which would enhance the visibility of Filipino products in the Middle East. Othel V. Campos
Transport, logistics firms complain vs. LTO glitches
TRANSPORT monitors and logistics companies are railing at the Land Transportation Office (LTO) over technical glitches and the ensuing delays that plagued the agency’s digital services.
The agency has been working to modernize its online system to ease processes like vehicle registration and driver’s license renewals, but frequent system downtimes and data discrepancies are stalling progress, they said.
The LTO’s online portal, designed to streamline transactions and reduce in-person visits, has been experiencing frequent outages.
Citizens attempting to renew their
DOF signs $1.7-b loan with ADB for road project
By Darwin G. Amojelar
THE Department of Finance (DOF)
said it signed a new financing agreement worth $1.70 billion with the Asian Development Bank (ADB) for a road network project that will enhance climate resilience for the people of Laguna province.
It said the 37.5-kilometer Laguna Lakeshore Road Network Project would be built along Laguna Lake at a cost of P181.02 billion.
The project does more than alleviate traffic congestion in Laguna and nearby areas as it provides a crucial lifeline to flood-vulnerable communities surrounding the lake, benefitting 3.47 million residents.
The expressway will incorporate climate- and disaster-resilient features to address increased rainfall, extreme weather and flooding risks in the area.
“At the heart of this project is the Marcos Jr. administration’s commitment to climate resilience. And we know too well the importance of projects like this given the string of destructive typhoons we experienced in the past few months alone,” Finance Secretary Ralph Recto said in his remarks at the signing ceremony on Nov. 11, 2024.
“We aim to replicate this project all over the Philippines, especially in flood-prone provinces. For climateresilient road network infrastructure is not just a luxury, but a necessity to secure a better and more sustainable future for Filipinos,” said Recto.
The project is also expected to boost economic activities in Laguna, the country’s largest provincial economy and accelerate progress for the entire CALABARZON region.
STATE-RUN Philippine Deposit Insurance Corp. (PDIC) said Monday it will sell its club share in Canlubang Golf and Country Club Inc. through a public bidding on Nov. 14, 2024.
Established in 1977 and developed by Laguna Estate Development Corp., Canlubang Golf and Country Club is a 210-hectare club in Canlubang, Laguna. Its amenities include a driving range, pitching and putting green, tee houses, gymnasium, restaurant and bar, function room, clubhouse, pro shop and coffee shop.
PDIC said it would accept the bids from interested parties from 9 a.m. to 1 p.m. Bids will be opened at 2 pm.
PDIC said that with a minimum disposal price of P7 million, the “as-is,
licenses or register vehicles online reported system crashes and slow loading times. This is particularly inconvenient given that the agency encourages people to use its online services to avoid long lines at physical offices.
“I tried renewing my license online three times, but the system kept crashing,” said Maria Santos, a Quezon City resident. “I ended up going to the LTO office in person, which completely defeats the purpose of an online service.”
Martin Nico de los Angeles, vice president of the Philippine Transport Monitor (PTM), said the recent downtime of the LTO’s system
shows it does not have the necessary back-up data connectivity to ensure the continued operation of the Land Transportation Management System (LTMS) every time the IT system encounters a problem.
Users also reported errors and discrepancies in the LTO’s database, sometimes leading to inaccurate records or canceled transactions. Some users found their records missing or containing incorrect information, leading to delays. These issues also raise concerns about the integrity of the LTO’s data management, with errors potentially leading to incorrect billing and confusion among applicants.
UnionBank, ATRAM Group merge trust units
By Jenniffer B. Austria
NION Bank of the Philippines (UnionBank) and the ATRAM Group are merging their trust subsidiaries to create a leading player in the trust industry with combined assets under management (AUM) of over P485 billion.
A trust company, usually affiliated with a bank, manages trusts, trust funds and estates for individuals and businesses.
UnionBank said in a disclosure to the Philippine Stock Exchange Monday both parties signed an investment agreement, where it will hold a 27.5-percent ownership stake in ATR Asset Management Inc. (ATRAM). The existing ATRAM shareholders will retain the remaining 72.5 percent.
The deal will result in the merger of Union Bank Investment Management and Trust Corp. (UBIMTC) and ATRAM Trust Corp. (ATC), with ATC as the surviving entity.
“This merger aims to leverage the strengths of both organizations, creating a robust platform for growth and innovation in the asset and wealth management sector,” UnionBank said.
UnionBank president and chief executive Edwin Bautista said the partnership aims to provide clients with
CONGLOMERATE San Miguel Corp. (SMC) saw its net income rise 19 percent to P37.1 billion in the first nine months of 2024 from a year ago, amid challenges such as typhoons and currency fluctuations.
SMC said in a disclosure to the stock exchange Monday its consolidated revenues increased 11 percent to P1.2 trillion, on the back of higher sales volumes in its power, fuel and oil, food and liquor businesses.
Operating income also went up by 11 percent, as improved profitability in the food, liquor and infrastructure businesses offset lower refining margins in the fuel and oil operations.
“Our commitment to sustainable growth and responsible cost management is at the core of everything we
where-is” bidding is open to Filipino individuals and foreign nationals as well as to corporations or associations that are at least 60-percent owned by Filipino citizens.
It said buyers would be responsible for the payment of all taxes, fees, broker’s commission, unpaid dues, and/ or costs of transfer including other expenses that may be incurred relative to the approval and acceptance of membership to Canlubang Golf and Country Club.
“Bidders are reminded of their responsibility to completely determine the actual condition, status, ownership, and other circumstances of the club share they wish to acquire,” it said.
do. Our strong results reflect our ability to run our businesses efficiently, seize growth opportunities, and focus on building long-term value and excellence,” said SMC chairman and chief executive Ramon Ang.
San Miguel Food and Beverage Inc. (SMFB) registered consolidated net income of P30.4 billion, up 11 percent year-on-year as consolidated sales rose 5 percent to P291.1 billion.
San Miguel Foods posted a 4-percent increase in sales to P134.3 billion, supported by higher volumes, while San Miguel Brewery Inc. booked consolidated revenues of P111.2 billion, up 3 percent yearon-year, as domestic sales reached P99.1 billion while international sales amounted to $212.4 million.
Ginebra San Miguel Inc. (GSMI) achieved a 17-percent increase in sales to P45.6 billion, driven by higher prices and volumes.
Meanwhile, San Miguel Global Power Holdings Corp. (SMGP) booked consolidated revenues of P153.6 billion, up by 23 percent on the back of a 57-percent increase in off-take volumes.
Petron Corp. increased its consolidated revenues by 12 percent to P657.9 billion despite the challenges in the international oil market. Sales volume from its Philippine operations and Singapore trading arm posted a combined 16-percent increase to 67.8 million barrels, while sales volume in Malaysia rose 4 percent to 36.6 million barrels. Jenniffer B. Austria
a diverse range of high-quality financial products.
“This partnership allows us to strengthen our offerings and provide even more tailored services to our customers, especially our larger wealth client base as a result of the acquisition of Citibank Philippines’ consumer banking business. We are committed to ensuring they have access to the best financial solutions available while also creating broader career opportunities for our employees in a larger and very dynamic organization,” he said. The investment and merger are subject to regulatory approvals and follow a rigorous evaluation process to ensure a seamless integration that prioritizes client service and employee well-being. AlphaPrimus Advisors acted as financial advisor to ATRAM, while Exchange Equity Partners served as financial advisor to UnionBank in the transaction.
IN BRIEF
CHANGAN SHOWROOM. Changan
ENVIRONMENT & SUSTAINABILITY
Bold steps eyed to offset climate change impacts
THE Philippines is seeking ways to bolster efforts to mitigate the effects of climate change in the wake of stronger typhoons and more destructive floods.
The Climate Change Commission (CCC) stressed the the importance of loss and damage mechanisms in advancing transformative climate actions at a recent special event of the Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR).
CCC Deputy Executive Director Romell Antonio O. Cuenca described climate change as “the governance challenge of our generation.”
With the Asia-Pacific region home to 4.7 billion people—60 percent of the global population—Cuenca said climate change impacts, including stronger typhoons and rising sea levels, are creating significant economic and non-economic losses across borders. “Addressing these losses requires going beyond mitigation and adaptation,” he said. Cuenca cited the Santiago Network and the Fund for Responding to Loss and Damage (FRLD) as key milestones in global climate governance. “These mechanisms are essential to support particularly atrisk developing countries, which bear the brunt of climate impacts despite contributing the least to global greenhouse gas emissions,” he said. Cuenca said the Philippines’ role as host of the FRLD Board was an opportunity for the Asia-Pacific region to lead efforts in addressing the irreversible impacts of climate change. He said the FRLD’s implementation
would provide much-needed resources and technical assistance to vulnerable countries, in alignment with disaster risk reduction, climate change adaptation and sustainable development goals.
“The operationalization of the FRLD offers an opportunity to integrate climate action into our development goals,” Cuenca said, adding the initiative will strengthen institutional capacities and foster collaboration among governments, civil society, and the private sector.
Cuenca also stressed the need for financial support from global sources to help developing nations cope with increasingly severe climate-related disasters. He affirmed the CCC’s commitment to ensure that the FRLD delivers tangible benefits, while emphasizing the role of international partnerships and knowledge exchange.
“In operationalizing this Fund, we have the potential to integrate loss and damage into our national climate commitments, such as the Philippines’ Nationally Determined Contribution (NDC) under the Paris Agreement,” Cuenca said, calling for a united effort to address the climate crisis for the benefit of future generations.
The APMCDRR is Asia-Pacific’s primary platform for monitoring and advancing regional cooperation on the Sendai Framework for Disaster Risk Reduction 2015-2030.. CCC News
Climate Change Commission Deputy Executive Director Romell Antonio O. Cuenca delivers a speech on behalf of Secretary Robert EA Borje during the “Scaling Up Climate Action Against Loss and Damage” event at the Asia-Pacific Ministerial Conference on Disaster Risk Reduction in Manila..
THE Ministry of Environment of the Republic of Korea and the UN Environment Program (UNEP) announced that Jeju Special SelfGoverning Province will be the venue for World Environment Day on June 5, 2025.
World Environment Day has been celebrated annually on June 5 since 1973. Since then, the day has grown to be the largest global platform for environmental outreach.
World Environment Day 2025 will highlight the importance of ending plastic pollution, creating synergies with ongoing negotiations to develop an international legally binding instrument on plastic pollution, including in the marine environment, whose fifth session will take place in Korea this month.
Jeju, an island renowned for its natural wonders, is leading Korea’s policy efforts to combat plastic pollution.
It is the first province to have introduced a disposable cup deposit system in Korea–Jeju declared in 2022 its vision to become free of plastic pollution by 2040.
“Jeju Island’s commitment to a future free of plastic pollution aligns perfectly with the goals of World Environment Day 2025,” said Inger Andersen, Executive Director of UNEP. “By showcasing its pristine natural beauty and innovative environmental initiatives, Jeju will inspire others to take action and safeguard our planet.”
Kim Wan-sup, Minister of Korea, said“World Environment Day
ECO-FRIENDLY. This Christmas tree
palm leaves and recyclable materials
government.
Early warning systems key to preventing big disasters
AS THE world marked World Tsunami Awareness Day last week, UN Secretary General António Guterres stressed the critical importance of early warning systems, particularly as recent disasters like the devastating floods in Spain demonstrate the increasing impact of extreme weather.
“This year marks the 20th anniversary of the Indian Ocean Tsunami–one of the deadliest disasters in recent history. More than 230,000 people lost their lives,” Guterres said in his message for the day.
The Secretary General highlighted that approximately 700 million people worldwide remain at risk from tsunamis, emphasizing that the best protection comes through the UN Early Warnings for All initiative which aims to ensure universal access to life-saving alert systems.
Although tsunamis are rare, the UN
Office for Disaster Risk Reduction (UNDRR) reports that they are among Earth’s deadliest natural hazards. These hugely powerful wave systems–typically triggered by underwater earthquakes, volcanic eruptions, or landslides–have caused
Korea picks Jeju province as site for World Environment Day 2025
2025 will be a key moment for global efforts to end
and
pollution.” UNEP News
Over 2 billion people living in cities will be exposed to a 0.5ºC rise by 2040
MORE than two billion people currently living in cities could be exposed to an additional temperature increase of at least 0.5 degrees Celsius by 2040, a new UN report published last week said. “Almost no urban resident will be unaffected, with billions of people subjected to hotter temperatures or exposed to the risks of flooding and other threats,” said Anacláudia Rossbach, executive director of UN-Habitat.
The report also highlights a significant funding gap for resilient urban infrastructure.
Cities overall need an estimated $4.5 trillion to $5.4 trillion investment per year to build and maintain climate-resilient systems, yet current financing stands at just $831 billion—only a fraction of the required amount. This shortfall leaves cities, and especially their most vulnerable populations, exposed to escalating risks. While climate action in cities is failing to match the scale of the challenges faced, those most at risk are “also those already facing persistent and chronic structural inequalities,” Rossbach said. UN News
more than 260,000 deaths over the past century, with economic losses surpassing $280 billion.
According to the Intergovernmental Oceanographic Commission (IOC) of UN scientific affairs agency UNESCO, tsunami waves can strike coastlines within minutes of a triggering event, traveling across oceans at speeds of up to 800 kilometers per hour. Early warning systems have demonstrated success in reducing deaths and economic losses from disasters worldwide, with nearly a tenfold return on investment through lives saved and damages prevented.
“With human-induced climate change leading to more extreme weather and climate conditions, early warning systems are not a luxury but cost-effective tools that save lives,” said Guterres, launching the Early Warnings for All initiative in 2022.UN News
IN BRIEF
Biodiversity commitment
THE Access and Benefit-Sharing (ABS) Project organized a side event at the 16th Conference of the Parties to the Convention on Biological Diversity (CBD COP16) in Cali, Colombia on October 24, 2024.
Over 20 participants gathered to spotlight the Philippines’ commitment to biodiversity conservation and equitable benefit-sharing. The event opened with an introduction to the recently updated Philippine
in implementing the Nagoya Protocol since its launch in June 2022, featuring its first ABS agreement through an audio-visual presentation. Philip Cruz, president of Herbanext Laboratories Inc., showcased the importance of partnerships between the private sector and Indigenous Peoples and Local Communities (IPLCs) in promoting sustainable development and biodiversity
at the Quezon Memorial Circle is made from fallen tree branches, bamboo,
to signify the resilience of Quezon City residents. Facebook post of Quezon City
Commuters and motorists brave leg-to-kneedeep flood along Taft, United Nations and Kalaw Avenues in Manila due to the impact of Typhoon Carina (Gaemi) and southwest monsoon on July 24, 2024. (Photo by Norman Cruz)
UN Secretary General António Guterres
TUESDAY, NOVEMBER 12, 2024
lifeandshow.manilastandard@gmail.com
NICKIE WANG, Editor
SHOWBIZ
Piolo Pascual admits he was tickled pink when cameras started rolling for The Kingdom , his entry in the upcoming Metro Manila Film Festival, where he shares the spotlight with Vic Sotto
The 47-year-old actor described the experience as overwhelming and admitted he felt thrilled to finally work with the seasoned comedian, especially since they come from different networks. Working alongside Bossing was something Piolo said he never imagined would come to fruition.
“It’s like a dream come true for me. Sharing the screen with him is something I will always cherish. Never in my wildest dreams did I think I’d have the chance to work with him. Honestly, I still feel like I’m dreaming,” he says.
During filming, Bossing and Piolo had minimal interaction on set, as both maintained a professional distance. Piolo noted that Bossing’s quiet demeanor helped him portray the tension needed for a dramatic scene. The intensity of the role, he said, made it difficult to step out of character during production.
“Bossing is just quiet while on set, and I’m also shy. Actually, it helped me in one of our dramatic scenes where I had a big issue with him. I was able to use that tension to give a more realistic portrayal. So, there was no conversation between us. It’s a heavy drama, so it’s hard to break away from your character,” Piolo admits.
One major factor in Piolo’s decision to join The Kingdom was director Mike Tuviera, a close friend with whom he had discussed potential projects for years. After a five-year hiatus, Piolo immediately accepted the offer, describing it as a perfect opportunity to work on a meaningful story alongside Bossing and a talented cast.
“It was an easy yes. Mike and I have been discussing potential projects for years. After my five-year hiatus, he pitched this story to me. Right away, I said yes. How could you say no to a beautiful story with Vic Sotto and a wonderful cast?” Piolo concludes.
shared that she’s content with her life, whether
Nick Vera Perez plans Manila tour for album ‘Parte Ng Buhay Ko’
FILIPINO-AMERICAN artist
Nick Vera Perez is bringing his fourth album, Parte Ng Buhay Ko , to Manila in 2025 with a tour that will feature original OPM tracks culled from the record initially released in 2022.
The album is available on major streaming platforms and highlights themes of love, healing, and personal growth. The tour will begin after his second album show, Laging Ikaw , concludes on
May 17, 2025. Perez, known for his music as well as his work as a Doctor of Nursing Practice and his philanthropic efforts with Smile World charities, aims to create an intimate experience for audiences. The tour will feature live renditions of his songs “Parte ng Buhay Ko,” “Biyaya,” “Paghilom ng Sugat,” and “Kalendaryo,” which reflect significant chapters in his life.
“I’m always excited to come
back to the Philippines,” Perez said. “This album is very personal, and I look forward to connecting with fans who find meaning in these songs.”
The tour will also feature guest performances, including Hannah Shayne , who is set to release her debut single, “Bagong Simula,” in 2025, and Evelyn O. Francia, whose single “Open Our Hearts” was released in October 2024. Francia, a longstanding
performer with a career spanning bands, choral groups, and solo acts, joins the tour following her regular appearances on Perez’s Laging Ikaw tour in 2024.
“I’m grateful to share the stage with artists like NVP and bring hope and faith through music,” Francia said. Fans can look forward to Parte Ng Buhay Ko as a reflective album capturing Perez’s journey as an inspiring artist to a professional living abroad.
moment for Piolo Pascual
or not she has a new romantic partner.
“That’s right!” she said. “If someone comes along, fine. If not, that’s okay too, as long as my children are there!”
The actress emphasized that her world revolves around her daughters, Angelina, Chesca, and Sam
“They’re my treasures. I thank God for giving me three beautiful daughters who will surely take good care of me when I grow old.”
If she does find a new love, Sunshine wants to keep it private.
“That’s right! I think I mentioned this in a previous interview. If love comes my way, I don’t want to discuss it publicly. What would matter is my children’s approval.
“Based on my experience, it’s difficult to be in a relationship with all eyes watching. So, for me, if I’m dating someone, what you see is what you get. But as for sharing it on social media or with the public—no!” Sunshine affirms.
‘Venom’ stays potent, leads box office anew
in third place, taking in $11 million for the Fridaythrough-Sunday period. “It was a very good opening for an original, non-series horror film... with sensational critics’ reviews,” said industry analyst David A. Gross Heretic tells the story of two Mormon missionaries (Sophie Thatcher and Chloe East) who, while trying to convert a reclusive
Actor Piolo Pascual joins the production for director Mike Tuviera’s ‘The Kingdom’ following his five-year hiatus
Noontime icon Vic Sotto stars alongside Piolo Pascual in ‘The Kingdom’
Hollywood actor Tom Hardy stars as the titular character in the ‘Venom’ trilogy
In a recent TV appearance, Sunshine Cruz
LIFE & SHOWBIZ
G22 debuts Predator League anthem at 2025 Philippine Finals in Cebu
MEMBERS of the P-pop group G22, AJ, Alfea, and Jaz, performed the Predator League anthem “It Lies Within” live for the first time on Nov. 10 at the Predator League 2025 Philippine Finals, held at Robinsons Galleria Cebu.
The song, which first debuted at the Asia Pacific Predator League 2024 Grand Finals in Manila, has since become a staple anthem for the league, with versions adapted across Asia Pacific territories.
Acer Philippines, which backed the anthem, sees it as reflecting the drive and determination characteristic of esports players.
“The song captures the mindset of esports players, especially their relentless pursuit of greatness,”
said
Princess Laosantos
By Abigail Adriatico
VMarketing Manager of Acer Philippines.
, Senior esports
Since its inception in 2018, the Predator League has attracted thousands of teams from across the region, offering both seasoned and emerging esports players a stage to showcase their skills.
“The Predator League has been instrumental in Predator’s growth across the Asia Pacific region, especially the Philippines,” added Acer Philippines Managing
Digital show helps voters understand candidates’ plans ahead of 2025 elections
OTING is a crucial right for Filipinos, carrying significant weight as it influences the country’s welfare and that of its citizens. Selecting the right political candidate is a vital task, demanding thorough research to identify platforms that would benefit the nation.
However, despite its importance, the reality of the Philippine political landscape often leads voters to favor candidates based on name recognition rather than on policy.
Recognizing this challenge, former senatorial aspirant and multimedia personality Dr. Carl Balita launched a platform to help voters better understand political candidates and their plans if elected.
Titled Plataporma with Dr. Carl E. Balita, the program features interviews with political aspirants discussing their goals for the country and for Filipinos.
The show, which is taped live, has invited all 66 senatorial candidates to appear, offering them a chance to present their platforms to the public.
“This will be an in-depth conversation about what really matters,” Balita said.
Plataporma with Dr. Carl E. Balita includes segments aimed at examining each candidate’s qualifications and specific programs. These segments are:
“Plataporma,” “Data Po Sa Amin,” “PiliPinoy,” and “Ang Aking Kumpisal.”
“Plataporma” highlights the candidates’ professional backgrounds and allows them to elaborate on how they plan to serve the country. “Data Po Sa Amin” addresses how candidates intend to handle statistical issues provided by the program, while “Pili-Pinoy” features questions from everyday Filipinos. In “Ang Aking Kumpisal,” candidates speak directly to the public about their motivations.
Balita, who ran for office in 2022, shared that his experience in the election prompted him to shift his focus to educating voters rather than pursuing another candidacy in 2025.
“I am both a survivor and a victim of the elections. It gave me valuable insight into what Filipinos need to make wise choices. There are many qualified candidates, but the question remains: who can effectively complement the 12 senators currently in office?” Balita said.
He added, “I want to determine if these candidates truly understand the country’s issues. My goal is to show the public whether the candidates they are considering can address the questions a senator should know and if they are fit to lead us into a promising future.”
The program premiered on Nov. 8 and is available on Balita’s official Facebook, YouTube, and TikTok channels, as well as on The Manila Times, DZME, and select cable channels.
DIGIPLUS and its social development arm, BingoPlus Foundation, committed P3 million in grants to support education, healthcare, and indigenous livelihoods in Negros Occidental during “BingoPlus Day” on Oct. 20. The initiative was part of the celebration of the MassKara Festival and aims to make a lasting impact across the province.
As part of the Foundation’s efforts to foster youth innovation, a P500,000 grant was awarded to Cadiz Public Library for robotics and programming kits, along with teacher training.
The initiative is designed to inspire local students to pursue technological advancements, including Grade 12 student Angeline, a finalist at the National Science and Technology Fair 2024 in Robotics and Intelligent Machines. The grant will assist Angeline in further developing her prototypes, including a mini weather system and a breast cancer detection device.
In addition to supporting youth innovation, the
Foundation also allocated P1 million to the Karolano indigenous community in Kabangkalan. The funding will provide vision screening and lenses for elders and tablets for Karolano youth who have earned public scholarships but lack access to necessary educational tools. This initiative aims to bridge educational gaps and support the sustainable livelihood of indigenous communities.
A P1.5 million grant was awarded to Valladolid District Hospital to improve medical facilities and patient care. The donation will fund critical upgrades such as hospital beds, operating tables, and wheelchairs,
as well as establish the “PLUS Center for Accessible Healthcare” to enhance care for underserved communities. Additionally, the grant will help cover expenses for indigent patients, alleviating the financial burden of essential treatments.
Earlier this year, the Foundation supported other initiatives in Negros Occidental, including providing aftercare kits and vitamins for surgical and optical patients during the “Libre Nga Operasyon” program in September. The Foundation also assisted in disaster relief efforts following the Mt. Kanlaon eruption in June.
DigiPlus President and BingoPlus Foundation Chairman, Andy Tsui, emphasized the organization’s commitment to addressing local needs through its nationwide programs.
“While we deliver programs nationwide, the Foundation always considers the unique local needs of each community,” Tsui said. The Foundation’s efforts reflect its ongoing mission to invest in sustainable growth and empower individuals in communities across the Philippines.
Former senatorial aspirant Dr. Carl E. Balita during the media conference for his show ‘Plataporma with Dr. Carl E. Balita’
TUESDAY, NOVEMBER 12, 2024
lifeandshow.manilastandard@gmail.com
NICKIE WANG, Editor
ANGELICA VILLANUEVA, Writer
ABIGAIL ADRIATICO, Writer
C4 LIFE
Why securing your personal data
is as crucial as protecting
PERSONAL data has become just as valuable—if not more so—than our physical possessions. As our lives continue to intertwine with the digital world – with so much of our lives conducted online, from banking to social media to professional networks – the need to protect our personal information is paramount.
Unfortunately, identity theft is on the rise, with scammers becoming more sophisticated in their methods. Educators, in particular, are increasingly targeted, as cybercriminals use online tactics to steal personal details and open fraudulent postpaid accounts, often accompanied by expensive gadgets. The consequences of this theft can be far-reaching, leading to unauthorized purchases, the opening of fake accounts, and damage to one’s reputation.
However, there are ways to protect yourself and minimize the risks. One of the most effective measures is to use strong, unique
UNIVERSAL Robina Corp. (URC) brands continue to lead in popularity, according to Kantar Group’s latest Brand Footprint report, which tracks consumer reach and purchasing trends. Six URC brands were named among the top choices for Filipino households. Great Taste coffee ranked among the top 10 in the overall FMCG and Beverages sectors, while Piattos maintained its spot as one of the most popular food brands. C2, Nissin, and Cream All also showed improvement in their rankings. Notably, Payless made its debut on the list of the top 20 food brands, with a consumer reach of 74 million. The brand’s increased popularity is attributed to its Payless Xtra Big variant and
passwords for every online account. These passwords should be a combination of uppercase and lowercase letters, numbers, and symbols and be at least 12 characters long.
Adding an extra layer of security through two-factor authentication can also provide crucial protection. Even if fraudsters gain access to your login information, this added step ensures that they cannot easily access your accounts.
Another key step in protecting your data is being cautious of phishing scams. Fraudsters may send convincing emails or messages in an attempt to trick you into revealing sensitive information. It’s important to verify the legitimacy of any communication before responding or clicking on links.
Legitimate institutions, such as Smart Communications, will never request sensitive data through unsolicited messages. Similarly, being mindful of what you share on social media is essential. Personal information like your full name, birth date, and identification numbers should be kept private, as they can be
the newer Payless Sakto.
Kantar’s study measures brands by “consumer reach points” (CRP), a metric that tracks how often consumers purchase a brand and how many households buy it. Great Taste had a CRP of 440 million, ranking 8th in FMCG and 4th in beverages. C2 saw a 25 percent increase in CRP, reaching 32 million, while Piattos held onto the 7th spot in the food sector. Nissin climbed to 16th, and Cream All improved its position in dairy.
URC’s continued dominance in the FMCG market reflects the company’s strategy of reaching a wider audience with its broad range of products, including iconic brands like C2, Piattos, and Nissin.
used by criminals to steal your identity.
Regularly monitoring your credit report is another proactive measure. By keeping an eye on your credit history, you can quickly spot any suspicious activity and take immediate action if needed. Additionally, if you come across anything that looks fraudulent, reporting it promptly is crucial. Contacting the relevant authorities and your service provider, like Smart Communications, can help prevent further damage and contribute to making the digital space safer for everyone.
In the end, protecting your personal data is just as important as safeguarding your valuables. By adopting these practices, you can significantly reduce the risks of identity theft and protect your financial and professional well-being.
For more updates and tips on data security, follow Smart Communications on Facebook.
FILIPINO citizens are invited to explore the benefits of Grenada’s Citizenship by Investment (CBI) program at an exclusive forum this November. The event will be held from Nov. 18 to 20 at the Grand Hyatt Hotel in Manila, running daily from 1:30 p.m. to 4:30 p.m. The forum will feature V. Nazim Burke, former Grenadian Minister of Finance, who brings years of experience in economic development and citizenship initiatives. He will discuss the advantages of Grenadian citizenship, including visa-free travel to over 143 countries, including the Schengen Area, China, the UK, and Russia. Grenada, a Caribbean island known for its vibrant culture and stunning landscapes, offers more than just a beautiful destination. As a Commonwealth member, Grenadian citizens enjoy privileges in the UK and other member states. The country’s CBI program grants full
citizenship rights, allowing individuals to live, work, and conduct business freely.
The forum will also highlight the program’s appeal to Filipino investors. Grenadian citizens are eligible for the US E-2 Treaty Investor Visa, which offers opportunities
