Manila Standard - 2024 December 16 - Monday

By Rio N. Araja

PNP resurrecting probe into PCSO official's slay

By Rio N. Araja

THE Philippine National Police (PNP) is reopening its investigation into the 2020 murder of Philippine Charity Sweepstakes Office (PCSO) board secretary Wesley Barayuga.

By Miguel C. Gil

On Sunday, PNP Chief Police General Rommel Francisco Marbil said he ordered the reopening of the cold case after whistleblower Police Lt. Col. Santie Mendoza told the House Quad Committee that he helped carry out the killing at the behest of ex-PCSO general manager Royina Garma. Mendoza narrated before congressmen how Garma allegedly facilitated the PCSO official’s roadside assassination on July 30, 2020 by providing the necessary information about his schedule, details about his vehicle and the funding necessary to carry it out.

By Ralph Harvey Rirao and Rio N. Araja

The whistleblower also implicated incumbent National Police Commissioner Edilberto Leonardo in the planning of the murder.

EDUCATION Secretary Sonny Angara

Speaker calls for task force vs. rice cartels

Barayuga was a retired police general and lawyer who supposedly threatened to expose corruption within the PCSO shortly before he was shot dead in Mandaluyong City.

said he received assurance from President Marcos that the reduction in the Department of Education’s (DepEd) 2025 budget would be addressed.

Yang's lawyer mocks probers amid heated inquiry

By Rio N. Araja

HOUSE Speaker Martin Romualdez proposed the creation of a mega task force to pursue market manipulators and bring down the price tags of rice.

This came after the Bicameral Conference Committee approved a lower allocation for the agency, citing inefficiencies in its past spending.

Garma, herself an ex-police Lt. Colonel, allegedly gained the top spot at the PCSO because of her in-

“In past years, Congress has always approved a higher budget than what the President requested. For whatever reason, this will not be the case in 2025. Fortunately, the President himself told us that he will remedy the matter,” Angara said in a statement on Sunday.

The education secretary was not specific on what Mr. Marcos promised to do to compensate for the diminished funding.

A budget of P748.6 billion was initially proposed for DepEd, but it was cut down to P737 billion in the reconciled General Appropriations Bill (GAB) following the Bicameral deliberations concluded last week.

“After all the promises and nice words, sadly Congress cut the President’s

UP beats La Salle to reclaim UAAP basketball crown

By Darwin Amojelar

By Peter Atencio

THE legal counsel of Chinese businessman Tony Yang sought to disparage lawmakers’ conclusions about his client’s supposedly sketchy past and his alleged ties with Philippine Overseas Gaming Operators (POGOs) and even organized crime. Lawyer Raymond Fortun questioned the House Quad Committee’s impartiality and its ability to pin Chinese national Yang down for ay wrongdoing in a real criminal court.

“I am very interested in how they [Quad Comm members] can prove this criminal network in court. In Congress, lawmakers act as both prosecutor and judge,” he said. Yang, who already admitted having a fake Philippine birth certificate, is the brother of Michael Yang, a presidential economic

TRANSPORTATION Secretary Jaime Bautista denied an online news report claiming that Malacañang was angry with the increase in airport fees without the approval of the Cabinet members.

THE University of the Philippines Fighting Maroons finally broke their silver medal

“The Bilyonaryo article is malicious and unfounded,” Bautista said in a Viber message, referring to the website that published the said story. “Bilyonaryo is inconsistent,” he added. Bilyonaryo reported online that “Bautista and his long-time protege in Philippine Airlines, Undersecretary for Aviation and Airports Bobby Lim, are at the center of the storm after it was

By Rex Espiritu

THE Philippine Navy debunked on Sunday the recent announcement by China that it conducted military exercises off Bajo de Masinloc, also known as Scarbor ough Shoal, in the West Philip pine Sea (WPS).

nouncement coinciding with the fourth Multilateral Maritime Co operative Activity between the Philippines, Australia, Japan, New Zealand, and the United States within Manila’s exclusive economic zone (EEZ) in the re gional waters over the weekend. for WPS Rear Admiral Roy Vin

adviser of former President Rodrigo Duterte.

Fortun, a lawyer who often finds himself at the center high-profile cases, apparently sought to mock congressmen, calling their probe “unacceptable.”

However, House members argued they did not come by their suspicions about Yang recklessly.

On Friday, Senior Deputy Speaker Aurelio Gonzales Jr. of Pampanga and Deputy Speaker David Suarez of Quezon presented a matrix showing Yang’s first appearance and his subsequent activities at the Quad Comm hearing.

“We saw a pattern, and we tracked it to the top of these corporations... we stripped it of its layers , to get to the top and through it all, we have discovered and identified at least two main actors or players in the issue

Navy spokes debunks China claim of military exercises in Scarborough shoal

cent Trinidad told reporters that Manila troops did not monitor any such activity, adding that Beijing’s statement was meant only for its internal audience.

“Our troops did not observe any exercise, we have to under stand that sometimes, China is doing this for their internal audi ence, right? For them not to look weak and embarrassed,” Trinidad

Two Chinese warships were monitored at a distance ranging from eight to 14 nautical miles. One of these went up to 1,000 yards at the MMCA site but even tually

of illegal drugs and illegal activities associated with POGOs,” Suarez said in a mixture of Filipino and English.

The solons explained how the matrix details Yang’s connections to other individuals involved in illicit activities, including the operations of illegal POGOs.

Among the companies implicated are Brickhartz Technology Inc. and Xionwei Technology Co. Ltd., which are being linked to alleged kidnapping.

The two firms supposedly have connections with the Baofu Compound in Bamban, Tarlac, which, in turn, can be directly traced to disgraced ex-mayor Alice Guo.

During Friday’s Quad Comm hearing, lawmakers cited Tony Yang in contempt for “lying” to about his businesses and business partners.

THE Philippine government on Sunday publicly called for the United Nations (UN) to give it a seat on the UN Security Council, highlighting the country’s strong record and dedication to upholding the rule of law.

“A call to immediate action is needed to force a decrease in rice prices for the benefit of the Filipino consumer,” he said in a statement on Sunday. The Speaker made the proposal after the House Quinta Committee led by Ways and Means chairperson and Albay Rep. Joey Salceda uncovered alarming evidence of collusion and price manipulation in the rice industry despite supposed oversupply and reduced import tariffs.

Department of Foreign Affairs

(DFA) Secretary Enrique Manalo in a speech delivered at the UN General Assembly in New York said the Philippines continues to emphasize the “importance of upholding the rule of law and the integrity of the multilateral system in the face of today’s global challenges.”

An economist, Salceda explained that rice prices should already stabilize at P35 per kilo, following the significant drop in the landed cost of imported rice, now averaging P33.95 per kilo.

Romualdez explained that the envisioned task force may be composed of representatives from the Department

Quoted by reports, Manalo also said: “The Philippines has consistently pursued peace, the sovereign equality of states, the rights and dignity of all persons.” He added that the country is also recognized as the “first Asian Re-

By Rex Espiritu

PHILIPPINE consulates in the U.S. are preparing to assist undocumented Filipinos who may face potential deportation under Donald Trump’s second term as U.S. President. The Department of Foreign Affairs (DFA) has allocated funds through the Assistance to Nationals (ATN) program to cover plane tickets for those who choose to return to the Philippines.

Consul General Senen Mangalile of New York emphasized that undocumented Filipinos should not fear approaching consulates. They will not face detention and can receive help with documentation and repatriation.

“Filipino citizens in the U.S. who need help for repatriation may be eligible to access the ATN Fund. Once they have made the decision to go

PAGASA

A WEB OF CRIME? House leaders Aurelio Gonzales and David Suarez presented this matrix during the last QUAD Comm hearing which shows the operations of a criminal syndicate allegedly led by fugitive Michael Yang, then economic adviser of former President Rodrigo Duterte, that controlled the illegal activities of the POGOs and was involved in the drug trade and extrajudicial killings.

China using ‘spoofing’ to fool trackers

THE suspected China Coast Guard (CCG) ship that was allegedly seen in the municipal waters of San Narciso in Zambales earlier this week could be a case of AIS (Automatic Identification System) spoofing, a Philippine Coast Guard (PCG) official said.

He said the CCG is engaging in AIS spoofing to “mislead the international community, confuse authorities, and instigate public concern.”

Zambales Ecological Network, saying na meron daw CCG 21543 that is within the municipal waters of San Narciso,”

However, when the PCG vessel reached the vicinity of where the CCG ship was allegedly seen—2.3 nautical miles west of San Narciso town— around 1 pm on Tuesday (December 10), only the three China-flagged dredgers were present.

Tarriela believes one of the dredgers manipulated its AIS data.

“The AIS spoofing has been the activity of the CCG for a very long time already. Ibig sabihin, there’s a possibility that these dredgers that are being used in Manila Bay are also being contacted by the CCG to do AIS spoofing for them,” the official said.

The AIS transmits a vessel’s position so that it can be identified and located by other ships.

“Last December 10, around 7 am, we received a report from an NGO, the

Speaker...

From A1 of Agriculture (DA), and the Department of Justice (DOJ), including the National Bureau of Investigation, Bureau of Customs, Bureau of Internal Revenue, and Department of Trade and Industry.

The task force should have the power to conduct inventories, check on compliance with tax laws and rules, inspect warehouses, and immediately padlock any erring business establishment, he noted.

It will also be tasked to submit a monthly report to Congress as part of its oversight functions.

“The findings of the Quinta Comm expose a serious betrayal of public trust. The Filipino people are paying unnecessarily high prices for rice, which should now be at P35 to P40 per kilo due to oversupply and tariff reductions. This blatant manipulation is unacceptable,” Romualdez noted.

Despite ample supply, the Philippine Statistics Authority (PSA) reported that the price of regular-milled rice decreased only slightly from P50.16-50.40 in October to P49.44 in the early part of last month.

The Speaker also urged the DOJ and the Philippine Competition Com-

Commodore Jay Tarriela, PCG spokesperson for the West Philippine Sea, said.

The PCG immediately deployed BRP Teresa Magbanua to Zambales, ABS-CBN further reported.

Tarriela earlier said that while on its way to Zambales, the BRP Teresa Magbanua monitored five vessels through its AIS data records: the China Coast Guard 21543; China-flagged dredgers Yang Shong 699, An Da Kang 3689 and Hong Xia 668; and Sierra Leoneflagged dredger Sanko Uno 13.

mission to hold alleged perpetrators accountable.

It can be recalled that Agap party-list Rep. Nicanor Briones identified two major companies — RBS Universal Grains Traders Corp. and Sodatrade Corp. — as key players, importing a combined 273,000 metric tons of rice under allegedly suspicious arrangements.

“We will not stop until justice is served and the rice industry is free from corruption. The days of exploitation are over,” he stressed.

Additionally, the Speaker called on the Department of Agriculture to intensify monitoring of rice stockpiles and ensure that surplus stocks are released into the market to stabilize prices.

Earlier, the Department of Agriculture said the regulatory powers of the National Food Authority must be restored to allow it to regulate rice traders and bring down prices of the staple grain.

“In the past, rice traders were required to register with us. Since the NFA does not have regulatory powers anymore, we cannot revoke their license to operate if they engage in unfair practices,”

Agriculture Secretary Francisco Tiu Laurel said.

Tiu Laurel said when the Rice Tariffication Law was passed in 2019, the

himself with a crucial three-pointer at the 1:12 mark, giving UP a 64-60 lead that they would not relinquish. The former Rookie of the Year finished with a solid all-around performance, tallying 12 points, 11 rebounds, 6 assists, 1 steal, and 1 block.

Other key contributors to UP’s victory were Quentin Millora-Brown and JD Cagulangan. Millora-Brown, a one-and-done star, showcased his dominance with a 14-point, 10-rebound double-double, while Cagulangan, in his final collegiate game, contributed 12 points, 4 assists, 3 steals, and 2 rebounds.

The Maroons controlled the game for most of the first half, leading 42-36 at the break. They extended their advantage in the third quarter, outscoring La Salle 12-4 to take a 54-40 lead.

However, the Green Archers staged a late comeback, spearheaded by two-time MVP Kevin Quiambao. La Salle trimmed the deficit to just two points, 61-59, with under two minutes remaining.

But Lopez’s clutch three-pointer sealed the deal for UP, silencing the crowd at the Araneta Coliseum.

DA,...

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impetus to ensure the availability of food at affordable prices.

They called for the establishment of “border control” facilities at all major ports of entry in the country to screen agricultural imports.

In an interview, Agriculture Undersecretary for Livestock Deogracias

Victor Savellano said while the imminent opening of the country’s first Cold Examination Facility in Agriculture (CEFA) in Angat, Bulacan is a groundbreaking development, such facilities should be replicated nationwide to be truly effective.

He noted that the DA targets to build similar inspection stations in the ports at the Manila International Container Port (MICP), Subic Bay, Cebu and Davao.

Savellano said his agency anticipates that bidding for the construction of additional quarantine and inspection facilities to commence in about six months.

“This [more quarantine facilities] will enable the government to effectively filter what is coming in [from overseas]. We need them in every major port of entry, not just in one or two, to deal a telling blow on smuggling,”

he said in a mixture of Filipino and English.

For his part, Jose Elias Inciong, chairman of the United Broiler and Raisers' Association (UBRA), welcomed the importance of the Marcos Administration’s renewed emphasis on curbing agricultural smuggling, saying the illegal importation of agricultural goods has been suffocating local food producers for years.

Inciong said that, in addition to potentially stopping smuggling, the envisioned CEFA inspection sites will also help prevent the entry of animal and plant diseases.

UBRA’s chair said that it was due to the lack of effective quarantine facilities that local piggeries are still plagued by African Swine Fever (ASF).

“Let’s not forget that the lack of CEFA stations is what allowed ASF to enter the country in the first place. The disease has decimated up to 50 percent of the hog raisers sector, and we are still contending with it to this day,” he added.

For his part, House Speaker Martin Romualdez directed the Quinta Comm to expedite legislation, including amendments to strengthen the Anti-Agricultural Smuggling Act of 2016.

“There’s a very high possibility na isa sa tatlong dredgers na ito ang nagspoof ng data niya. We’re going to once again inspect these vessels, look at the data of their AIS whether they altered the information to do the spoofing for the CCG,” he said.

The PCG personnel boarded MV An Da Kang for inspection. The vessel was found to have Filipino and Chinese crew members, all with valid licenses. No irregularities were identified.

The PCG wasn’t able to board and inspect MV Yang Shong and MV Hong Xia.

NFA powers were limited to managing buffer rice stocks.

“Previously, the NFA was also allowed to import so we can intervene if there is shortage. That is no longer the case. So it would really be a big help if these mandates can be restored,” he added.

Marikina City Rep. Stella Quimbo, however, dismissed Tiu Laurel's claim that the DA is powerless to address soaring rice prices, noting clear legal provisions granting the agency enforcement authority.

She said the Agriculture department has significant powers under the Price Act and the amended Rice Tariffication Law to act against price manipulation, hoarding, profiteering and cartels in the rice industry.

“Do not tell that you do not have the power that you do not have the power to go after people conspiring and making the prices of rice go up because that is not true,” she told DA Undersecretary Asis Perez during a hearing of the House "Murang Pagkain" Super Committee.

Quimbo cited Section 10 of the Price Act, saying the law clearly empowers the DA to conduct investigations, impose fines of up to P1 million, seize basic necessities, and initiate prosecutions.

The rice price issue came to the

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government and public accountability to verify civil registry records of 1,992 individuals linked to the controversial fund, found that 1,322 individuals lacked birth records in its database.

Only 670 names were identified as “most likely matched” to existing records, it cited.

It found of the 1,992 names submitted for verification, 1,456 lacked marriage records, with only 536 showing possible matches, while similarly, 1,593 had no death records, and just 399 had corresponding entries.

The results were detailed in a Dec. 11 letter addressed to panel chair Manila Rep. Joel Chua from National Statistician and Civil Registrar General Undersecretary Claire Dennis Mapa.

The current batch of names under scrutiny appeared on acknowledgment receipts submitted by the OVP to the Commission on Audit to justify confidential fund expenditures from late 2022 to the third quarter of 2023.

Chua said the PSA’s latest findings provided strong evidence that the acknowledgment receipts submitted to justify the P500 million in confidential funds were likely fabricated.

“This certification from the PSA

Angara...

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proposed budget for the Department of Education, particularly P10 billion for computerization. This, despite the President's SONA where he asked Congress to help bridge the ‘digital divide’,” Angara lamented. Meanwhile, the House of Representatives stood firm on slashing P10 billion from the DepEd’s 2025 computerization budget, calling out the agency’s glaring inefficiency and alleged fund mismanagement.

1-Rider party-list Rep. Rodge Gutierrez dismissed the objections of DepEd

The PCG also tried to track CCG 21543. The vessel appeared in Manila, Zambales, places in China, and suddenly in South Africa.

Analyzing its 60-day track, Tarriela said it is evident that CCG 21543 “could not realistically navigate those routes.”

The CCG could be exploiting the AIS signals of other vessels for its spoofing activities, he added.

“If we are going to look at the marine traffic, you can see the historical track ng 21543 for the past 60 days. Ang ginagawa ng CCG 21543 is ginagamit niya, kunwari isa siyang cargo vessel, ang historical track niya from China to Africa to WPS to Manila, it’s impossible for a vessel to complete this long track for the past 60 days. Ibig sabihin, there are instances wherein the Chinese government is relying on dredgers and other China-flagged vessels to spoof their AIS data to carry a record of a CCGV,” Tarriela explained.

fore after NEDA Director Nieva Natural told the House panel on Tuesday that the President's Executive Order 62, which lowered the tariff on imported rice from 35 percent to 15 percent, did not lead to a reduction in prices as expected.

"This is also a puzzle for us... Perhaps this deserves a more nuanced analysis," Natural said.

Quimbo cited data showing that the landed cost of rice had decreased from P34.21 per kilogram in July to P33 in December given the reduced tariff, but this did not translate to lower retail prices.

The Philippine Rice Industry Stakeholders Movement said traders were importing high-cost varieties instead of affordable rice.

PRISM co-founder Orlando Manuntag said from January to December 2024, at least 74 percent of the 4.3 million metric tons (MT) of imported rice that arrived were premium varieties, primarily whole grain, which are significantly more expensive.

Only a small fraction consisted of well-milled or broken rice—varieties intended to lower prices for consumers, he said.

Manuntag called on the government to enforce regulations requiring a mandatory allocation of at least 10 percent of imports for well-milled and broken rice.

leaves little doubt — if these names cannot be found in the civil registry, it strongly suggests they do not exist. The ARs may have been manufactured to justify the disbursement of confidential funds,” he said.

“These findings raise a critical question: if the recipients don’t exist, where did the money go? This is not just a clerical error; this points to a deliberate effort to misuse public funds,” he added.

The verification followed previous PSA findings showing discrepancies in records tied to separate disbursements from the Department of Education’s (DepEd) P112.5-million confidential funds in 2023 when Duterte was still education secretary.

Out of 677 names investigated in that case, 405 had no birth records, 445 lacked marriage certificates, and 508 had no death certificates.

One name in the DepEd receipts, Mary Grace Piattos, became a symbol of public skepticism after the PSA confirmed that no such individual exists in its civil registry database.

Another supposed recipient of confidential funds, "Kokoy Villamin," appeared in both the OVP and DepEd receipts but with inconsistent signatures.

Like Piattos, the PSA confirmed that Villamin also lacks records in the civil registry, further fueling suspicions of fabricated recipients.

Secretary Sonny Angara, who earlier criticized the budget cut.

“Secretary Angara may argue that education funding is sacrosanct, but Congress cannot keep throwing good money after bad. This is not about depriving education. It’s about ensuring proper fund use and accountability,” he said.

“While it is unfortunate that Secretary Sonny inherited the problems and scandals left behind by his predecessor, Vice President Sara Duterte, he knows that the law is clear: unused funds must be accounted for before new allocations can be made. Now that he's education secretary, he should focus on fixing DepEd’s internal mess instead of crying foul about budget decisions,” the lawmaker added.

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home, they may visit our Assistance to Nationals Section, which is open Monday through Friday from 9:00 AM to 5:00 PM. They can also consult via email at newyorkpcg.atn@ dfa.gov.ph. In cases of urgent need, our mobile hotline is (917) 2940196."

The ATN section operates on weekdays and offers consultations via email or hotline for urgent cases.

This initiative aims to support some of the estimated 370,000 undocumented Filipinos living in the U.S., many of whom are concentrated in states like California, Hawaii, and Texas. The consulates assure compliance with U.S. laws while providing assistance.

“We want to reassure our kababayan that the Consulate, as an agency of the Philippine government, is committed to assisting Filipino citizens regardless of their immigration status.”

Philippine Ambassador to the US Jose Manuel Romualdez has advised the Filipino illegal immigrants to leave voluntarily to avoid being blacklisted.

“Some of them have already filed and so therefore they are here in limbo, meaning to say they are waiting for their papers to pass through. My advice to many of our fellowmen who are actually still here but cannot get any kind of status, my advice is for them not to wait to be deported,” Romualdez said in a recent forum.

“I can see that the administration of President Trump is really going to be very strict with the immigration policy that he intends to put in place because that is a promise he made to the American public, and that is probably the reason why he won, an issue that is very important to a large number of Americans,” he added.

NCRPO... From A1

The Quiapo Church on Sunday meanwhile reminded the faithful not to eat inside churches, as the anticipated Simbang Gabi begins. Rev. Fr. Robert Arellano, LRMS, parochial vicar of Quiapo Church, said individuals could bring candies with them.

Meanwhile, Cardinal Pablo Virgilio "Ambo" David hopes that priests would give meaningful homilies during Simbang Gabi. Quiapo Church will hold its Anticipated Mass at 7 p.m. and 8 p.m. The Misa de Gallo, meanwhile, will be held at 4 a.m. and 5 a.m. Aberin told ABS-CBN Teleradyo Serbisyo they are now deploying additional personnel from the District Mobile Force Battalion and the Regional Mobile Force Battalion to augment the personnel at their stations.

The Philippine National Police (PNP) earlier said it mobilized over 41,000 police officers nationwide as part of its “Ligtas Paskuhan” deployment plan for the 2024 “Simbang Gabi” activities in light of the annual Christmas season.

“Our police are already strategically deployed in areas where large crowds are expected, in places of worship nationwide,” said PNP spokesperson Brigadier General Jean Fajardo tolds GMA7’s Super Radyo DZBB. Fajardo said the PNP personnel will be assigned to strategic locations to ensure public safety around churches during the nine-day Simbang Gabi, which begins on December 16 and ends on Christmas Eve, December 24.

“Every municipal station has a dedicated personnel, more or less, there are more than 41,000 police personnel that we will deploy for the Ligtas Paskuhan Deployment Plan,” she said. Police assistance desks would also be placed near places of worship and transportation hubs to assist the public. Further, the PNP would collaborate with local government units to manage traffic and control crowds for the duration of ‘Simbang Gabi.’ With Vince Lopez

Noting DepEd's poor track record, Gutierrez cited the Commission on Audit’s report showing DepEd disbursed only P2.075 billion of its P11.36 billion 2023 budget for information communication and technology equipment.

“This isn’t just inefficiency — it’s negligence,” he said.

DepEd’s failure to deliver on its mandates justifies Congress’s decision to reallocate funds, he emphasized.

“We know it's extremely difficult for Secretary Angara to defend DepEd’s lack of action when the Philippines is already at rock bottom in global education rankings. A teacher-to-computer ratio of 30:1 is unacceptable and we have VP Sara to blame for it,” he maintained.

IN BRIEF

Phivolcs records volcanic quakes at Kanlaon

THE Philippine Institute of Volcanology and Seismology has recorded 14 volcanic earthquakes at Kanlaon Volcano in Negros Island within a 24-hour period.

Its Sunday bulletin reported that Mount Kanlaon emitted 3,620 tons of sulfur dioxide on Dec. 14. It released a moderate 50-meter tall plume drifting west-southwest. Continuous degassing was observed at the volcano.

Alert Level 3 stays over Kanlaon Volcano indicating an intensified or magmatic unrest after its explosive eruption last Dec. 9. Rio N. Araja

Troops neutralize Red leader in Samar clash

GOVERNMENT troops from the 46th Infantry Battalion of the 8th Infantry Division neutralized a rebel leader in an encounter in Barangay Cawayan, Catbalogan City, Samar last Friday.

The clash lasted for 15 minutes before the red forces retreated northwest, leaving behind their fallen comrade. The government troops also recovered a .45 caliber pistol and subversive documents.

The killed rebel leader was identified as Artemio Solayao alias Budil, the leader of Squad 2, Yakal Platoon, SRC Browser of the Eastern Visayas Regional Party Committee (EVRPC).

“Budil” has existing multiple warrants of arrest for the atrocities he committed against the government forces including the ambush of the 14th Infantry Battalion back in 2014 in Maypadandan, Catbalogan City. Rex Espiritu

DFA cancels parents’ planned visit to Veloso

THE Department of Foreign Affairs (DFA) canceled a planned visit of Mary Jane Veloso’s parents to her detention facility in Yogyakarta, Indonesia on Sunday as preparations continue for her expected return to the Philippines this week.

Celia and Cesar Veloso were scheduled to meet their daughter from December 16 to 18, but this will no longer push through, according to the couple, based on the advice of DFA Office of the Undersecretary for Migration Affairs.

“According to the DFA, Mary Jane is scheduled to travel to Jakarta today to begin the process of her transfer to the Philippines as ordered by the Indonesian Ministry for Law, Human Rights, Immigration and Corrections,” Mr. and Mrs. Veloso were quoted as saying in an

ABS-CBN News report.

The Velosos respected the DFA’s decision and are still happy to know that their daughter will finally go home. No official date has been set for the expected return of Mary Jane, but the Philippine and Indonesian governments earlier stated it could be done before Christmas.

Veloso was detained in Indonesia for 14 years on drug trafficking charges.

The DFA is yet to release an official statement on this development.

MONDAY, DECEMBER 16, 2024 mst.daydesk@gmail.com

Metro trains to extend run from Dec. 16-23

from December 16 to 23 in anticipation of the holiday rush, ABS-CBN News reported. The Department of Transportation (DOTr) clarified, however, that extending train operations until midnight as proposed by some groups would mean less time for maintenance.

That, in turn, would lead to safety issues and to the risk of train breakdowns during peak hours. Speaking on Teleradyo Serbisyo, Transportation Undersecretary Jeremy Regino announced the following train schedules for December 16 to 23: LIGHT RAIL TRANSIT LINE 1--Last trip from Dr. Santos Avenue Station (Parañaque): 10:30 p.m., Last trip from Fernando Poe Jr. Station (Quezon City): 10:45 p.m.; LIGHT RAIL TRANSIT LINE 2-Last trip from Antipolo Station: 9:30 p.m., Last trip from Recto Station (Manila):

(Pasay): 11 p.m.

“Starting December 16 — For one week lang po natin inextend hanggang December 23, before Christmas. We extended it by an hour pero hindi ho aabot ng hanggang midnight,” Regino, quoted by ABS-CBN News, said.

“We have extended operations by an hour, but we cannot extend it until midnight.”

CHRISTMAS LIGHTS. The Iloilo City Hall is adorned with Christmas lights which were switched on Friday evening creating a magical scene for residents to enjoy. Mayor’s Office

Panel to oversee Sulu’s removal from BARMM

By Rex Espiritu

THE Intergovernmental Relations Body

(IGRB) has approved the creation of a technical working group (TWG) to oversee Sulu’s transition from the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to the national government.

The move came on the heels of a recent Supreme Court decision excluding Sulu from the BARMM.

The TWG will develop a transition plan addressing employee reassignment, continuity of services, financial support, program implementation, revenue collection processes, and the transfer of Bangsamoro-owned assets to the national government.

Key officials, including Budget Secretary Amenah Pangandaman and BARMM Education Minister Mohagher Iqbal, emphasized the importance of ensuring uninterrupted services and prioritizing the welfare of Sulu’s residents during the transition.

Sulu Gov. Abdulsakur Tan expressed gratitude for the support, while Presidential Adviser on Peace Process Secretary Carlito Galvez underscored the national government’s commitment to promote socio-economic programs in line with its vision for an inclusive “Bagong Pilipinas.”

DOJ, DILG okay changes to Penal Code

Divers end Siargao, Bucas power outages

LET there be light in Siargao and Bucas Grande, Surigao del Norte.

The persistent power outages in the two areas were effectively resolved after the Siargao Electric Cooperation (SIARELCO) repaired a damaged power line in one of its submarine cables, according to the National Electrification Administration (NEA).

In a statement, the NEA said SIARELCO has fully restored access to electricity in its entire franchise area, ending a 13-day blackout. The problem was attributed to a major line fault that occurred on Dec. 1 and took over a week to be located and identified.

NEA administrator Antonio Mariano Almeda visited Siargao on Saturday to commission some of the modular generator sets that could help augment power supply in the island. He acknowledged the resilience of SIARELCO and its stakeholders overcoming the challenge.

“We thought of ways to ease the problem of Siargao because it will take time to repair the submarine cable. The good news was, by the time I arrived at 9 a.m., the submarine cable was repaired, and before I left by around 2 p.m., the whole island has been energized,” he said over DZRH on Sunday.

Almeda noted, however, that the power cable is working under limited capacity, which requires the operations of generator sets to meet the 16-megawatt demand of SIARELCO customers. “So, our original timetable of Dec. 20 has been advanced, it came early,” the NEA chief added.

“This achievement would not have been possible without the successful repair of the submarine cable, through the expertise and efforts of the divers from Ocean-pro Marine Services and the technical experts from ACAA, Inc.,” SIARELCO said in a separate announcement.

THE Department of Justice (DOJ) and the Department of the Interior and Local Government (DILG) have approved changes in the implementing rules and regulations of Republic Act 10592, also known as the Revised Penal Code.

The amendments aimed to speed up jail decongestion by easing the process of releasing prisoners or persons deprived of liberty (PDLs) through the principle of good conduct time allowance (GCTA).

The signing rite for the amendments was held at the New Bilibid Prison in Muntinlupa City, attended by key DOJ and DILG officials.

Justice Undersecretary Raul Vasquez said the reform aims to alleviate overcrowding in correctional facilities, potentially benefiting some 9,000 inmates.

He emphasized the need to maximize the GCTA law, stating that rehabilitation should take precedence over punishment.

“Our promise back then was to release 300 PDLs a month, but BuCor,

under the leadership of DG (director general) Catapang, was able to release more than 8,000 PDLs in 2023, or more than double what we promised the UNHCR (United Nations High Commission for Refugees),” Vasquez said.

Bureau of Corrections (BuCor) director general Gregorio Pio Catapang Jr. said the new regulations provide hope for PDLs facing delays in their cases.

“We are giving them something to look forward to, this really is for them,” he said.

The BuCor has already exceeded its commitment to release inmates, with over 8,000 set free this year alone, as part of efforts to improve the correctional system.

AFP remembers ‘fallen heroes’ on 89th founding anniversary

THE Armed Forces (AFP) of the Philippines on Sunday marked its 89th year with AFP chief Gen. Romeo Brawner Jr. paying tribute to the country’s fallen soldiers.

In commemoration rites were held at Camp Aguinaldo with Brawner leading the laying of wreaths in honor of the troopers who made the ultimate sacrifice in line of duty.

The event was part of the AFP’s annual tradition of remembering the fallen, underscoring the deep gratitude and respect the nation has for the sacrifices made by the military. As the AFP continues to grow and evolve, the legacy of these brave men and women remains a guiding force in the pursuit

of peace and national security, the AFP noted. The 6th Infantry (Kampilan) Division of the Philippine Army also joined the commemoration for the fallen heroes at the Tomb of the Unknown Soldiers, Camp Siongco, Awang, Datu Odin Sinsuat, Maguindanao del Norte.

The ceremony, participated in by the officers, enlisted personnel, and civilian human resources of the command, paid tribute to the “bravery, dedication, and ultimate sacrifice of the soldiers who gave their lives to preserve the nation’s peace and security.”

Col. Roberto Huet, 6ID inspector general, led the solemn activity. Rex Espiritu

IN BRIEF

New skipper assumes control of Navy frigate

THE Philippine Fleet (PF) has installed a new commanding officer for Philippine Navy frigate BRP Jose Rizal. Commander Irvin Ian Robles succeeded Capt. Cyrus Mendoza as the frigate skipper following the turnover rite presided over by Offshore Combat Force (OCF) commander, Commo. Raul Regis. In the same ceremony, outgoing chief Capt. Mendoza was conferred the senior command-at-sea plaque, equivalent to a task force commander for completing his sea tour of duty. Among the naval vessels he commanded were BRP Conrado Yap and BRP Nestor Reinoso. In his remarks, fleet commander Joe Anthony Orbe hailed Mendoza for the latter’s accomplishments and successful stint as commanding officer of BRP Jose Rizal, saying “these are not ordinary accomplishments—they are ground-breaking.” Rex Espiritu

‘DepEd’s P20-k SRI covered by ’24 budget’

MAKATI City Rep. Luis Campos Jr. on Sunday welcomed President Marcos’ directive increasing from P18,000 to P20,000 the Service Recognition Incentive (SRI) for the country’s 1,011,800 public school teachers and non-teaching personnel.

Campos, vice chairman of the House Committee on Appropriations, said the SRI adjustment for the Department of Education (DepEd) could be funded by existing allocations under the 2024 national budget.

“We are all for the grant of additional cash incentives and allowances to our teachers and non-teaching staff in recognition of their hard work and to help them cope with the rising cost of living,” Campos said.

Campos said the MPBF – a lumpsum allocation in the budget – can be used to fund deficiencies in the authorized salaries, bonuses, allowances, and similar personnel benefits of national government employees.

DPWH affirms integrity of Panguil Bay Bridge

THE Department of Public Works and Highways (DPWH) is “steadfast in its commitment to maintaining the integrity and enhancing the appeal of the Panguil Bay Bridge in Northern Mindanao.” DPWH Senior Undersecretary Emil Sadain made this statement as he led an inspection of the rectification activities for the bridge’s asphalt layer and thermoplastic pavement markings, underscoring the agency’s dedication to safety and quality standards.

In a report to DPWG chief Manuel Bonoan, Sadain confirmed that the contractor, Namkwang-Kukdong-Gumgwang Joint Venture (NKG JV), has completed the emergency replacement of damaged asphalt pavement at no additional cost to the government. With Sadain during the inspection were Unified Project Management Office (UPMO) project directors Teresita Bauzon, Soledad Florencio, and Benjamin Bautista; Misamis Occidental 2nd District engineer Carol Lyn Abinales; and Lanao del Norte 1st District engineer Aly Khan Ali.

SALUTE TO FALLEN HEROES. Armed Forces of the Philippines chief Gen. Romeo Brawner and his staff salute the military’s soldiers who made the ultimate sacrifice in line of duty during the AFP’s celebration of its 89th founding anniversary.

has led to nearly two weeks of debilitating power outages in the islands of Siargao and Bucas in Surigao del Norte.

SHOPPERS’ MECCA. Divisoria market in Tondo, Manila remains to be the uncontested shoppers’ mecca particularly during the ongoing countdown to Christmas Day. Norman Cruz

OPINION

Just tell us the truth

“WALANG batas na perpekto.” Senate President Escudero declared in defense of the budget that Congress just passed, after “laboring” over the differences between their version and that of the House. It’s a case of winners and losers, the standard explanation for policy decisions. They win, the people lose.

Laboring, if that is what they try to make us believe, showing TV footages of their “deliberations” while secretly agreeing to the sharing of spoils.

In the previous budget, the bicameral conference committee stealthily did the senators a Houdini act. They appropriated AKAP for themselves and juggled funds into what are called the unprogrammed allocations, while the senators were left only with their AICS, MAIP and other slabs of the pork they share with their lower House counterparts. Now the senators scrapped AKAP in their version of the budget, only to agree in the bicam to restore it, albeit with some reduction for “pampa-pogi” optics, but this time, with them partaking of the ayuda pie. Senator Grace Poe and Rep. Elizalde Co must be feeling mighty proud of their magnum opus, the 2025 GAA.

From AKAP for the HoR, it has been apportioned more “wisely” which really means “ano, kayo lang ang mga anak ng Diyos?”, so 5 billion for the senators, and 21 billion for the congressmen, subject of course to how their leadership decides who gets what. “Wa-is” not wise.

The juggling this time required snipping here and there, so there will be some for “disguised pork,” whether hard as added to the DPWH (mostly flood control make-shifts that do not control floods while the “juices” go into the pockets of our legislators?) or soft as in the different permutations of ayuda.

After the DAP scandal of PNoy’s time which convicted underlings of three celebrated senators, two of whom have been re-elected by the forgive and forget voters, with the Supreme Court declaring these pork barrel funds illegal, Congress immediately went back to becoming “wa-is,” thus transforming ours into an Ayuda Republic. Now everything is a calamity requiring ayuda, whether floods that flood control projects worsened, or the COVID pestilence, unemployment, health emergencies, and ways to help the lowsalaried workers to cope with inflation, much of which is caused by government neglect itself.

AICS, MAIP, TUPAD, and AKAP, manna from a government in aid of reelection. So there will be cuts in Education (DepEd and our SUCS), Health, DOST, as well as Agriculture (did not Senadora Cynthia say “puro kayo research, wala namang nangyayari?”) and all the ef-

forts that would arm our “saling-lahi” with a fighting chance for their future.

Even the oldest form of ayuda, the conditional cash transfer now called 4Ps, which has sustained poor families in exchange for putting their children in public schools, has not been spared. 50 billion cut off the 4Ps program, with the assurance that they can get it back from “unprogrammed” allocations, or money from unexpected revenue increments. Where in God’s name will that come from? Will Customs earn much more while inflation cuts consumer appetite for more imports?

Will BIR plug the loopholes in their VAT collections, as well as the huge discounts amounting to 88 billion pesos where corrupt LGU officials certify able-bodied as PWDs ?

If government were a corporation, it would be bankrupt. That is the painful truth

Is anything sacred in the Ayuda Republic, where corruption flows from top officialdom to the lowest rung of government personnel?

Philhealth has excess funds, amounting to anywhere from 440 to 600 billion, so Congress deprives them of the subsidy they wanted. Doctors like Minguita Padilla and economists like Cielo Magno decry the de-prioritization of “universal” healthcare, but why in God’s name does Philhealth have a surplus of unutilized funds in the first place?

Now comes the revelation that they will spend 138 million for their Christmas parties? Wrong, Philhealth says. It’s not for Christmas, it’s for our 30th anniversary celebration.

Mga p…..i ninyo!!! What is there to celebrate in your inefficient history?

Why doesn’t Congress and all our executives just tell us the truth?

That we are allocating 6.3 trillion for expenses while our revenues can only bring in 4.5 trillion, maybe less as consumer spending goes down in 2025?

If government were a corporation, it would be bankrupt. That is the painful truth.

But it will always find ways and means, until our creditors say enough is enough, and, like Maynilad, cuts off the “gripo”?

But no one in government says, we cannot sustain this spending. Let us cut down on useless expenditures, especially abstaining from pork?

That our officials will not do, because “taba” is what lubricates the wheels of their greed.

PH-Canada partnership for a just, sustainable energy transition

fossil fuels has made power expensive and unpredictable, a struggle that hits low-income households the hardest. A 2023 study by International Energy Consultants found that electricity markets burdened by high prices are typically reliant on fossil fuel imports. In contrast, countries with affordable electricity often benefit from nuclear power or renewable energy sources

The conversation around this persistent issue was front and center at the recent Philippine-Canada Forum on Energy Transition, hosted by the Stratbase Institute and the Canadian Embassy. At the event, experts and stakeholders made it clear that integrating renewable energy and nuclear power is not just a lofty goal but a necessary step toward easing the financial strain on ordinary Filipinos During the forum, Department of Energy Undersecretary Rowena Cristina Guevara spoke candidly about the programs designed to empower consumers.

The Green Energy Option Program allows end-users to choose renewable sources, enabling greater consumer participation in the energy transition. Then there’s Net Metering, which lets smallscale users install solar panels and sell

excess power back to the grid, effectively cutting down their electricity bills.

These initiatives pave the way for a cleaner, more decentralized energy system, making sustainable power more accessible to all consumers.

Yet, transitioning to renewables is not without its challenges.

Canadian knowledge in nuclear energy, grid modernization, and renewable integration could be the boost we need

As Prime Infrastructure’s Janssen Dela Cruz noted, the current grid needs to evolve. The Philippine Energy Plan calls for connecting 4,000 to 5,000 megawatts of renewable capacity annually—a massive leap from the current 400 to 500 megawatts. Without substantial investment in grid flexibility and battery storage, integrating renewables will remain an uphill battle. Jonathan Back from ACEN rightly emphasized that storage solutions are essen-

EDITORIAL

Redress for the

AQUEZON City court has ruled on the civil suit filed by broadcast journalist Atom Araullo against Lorraine Badoy and Jeffrey Celiz, hosts of a program airing on Apollo Quiboloy’s Sonshine Media Network International (SMNI).

Badoy and Celiz linked Araullo and his mother Carol to the Communist Party of the Philippines, saying they held senior positions in the organization, in a sustained red-tagging campaign until the younger Araullo filed a suit for damages in Sept. 2023.

Judge Dolly-Rose Bolante Prado of the city’s Regional Trial Court Branch 306 ordered Badoy and Celiz to pay P2 million in damages.

“Their remarks were aimed at damaging the plaintiff’s reputation and credibility, both as a person and as a journalist by associating him with the CPP-NPA-NDF without proof,” the decision read.

“These labels and remarks went beyond mere editorial opinion or fair commentary and, worse, incited backlash, threats and public hatred toward the plaintiff.”

No less than the Supreme Court, in a 2023 decision made public this year, has ruled that red-tagging is a form of harass-

tial not just for energy reliability but also to make better use of our existing transmission lines

Jimmy Villaroman, President of Aboitiz Renewables, highlighted another significant hurdle: integrating renewable energy into the grid demands massive investments in transmission and distribution infrastructure, as well as advanced storage solutions.

These investments are critical to ensuring a resilient and reliable energy system. Without them, the transition to clean energy remains a half-measure, unable to fully deliver the promised benefits to Filipino households.

The stakes are high for low-income families who stand to gain the most from affordable electricity. DOE Undersecretary Guevara highlighted how expanding electrification for underserved households can drastically improve lives.

Access to electricity for 16 to 24 hours a day can increase average household incomes by up to 56.3 percent and expenditures by 59.4 percent

The evidence is clear: when villages gain electricity, incomes and expenditures rise between 38 percent and 42 percent,

ment and intimidation, and is a threat to one’s constitutional right to life, liberty, and security.

The less prominent and differently situated red-tagged individuals should have the same options and relief.

While Badoy insists they would continue to fight as she stands “tall and unwavering,” the Araullo case is a significant step toward acknowledging the menace posed by red-tagging, which became rampant in the previous administration of then President Rodrigo Duterte but which has continued even after he stepped down.

driving economic growth and improving quality of life Canada, with its expertise in energy transition, offers a valuable partnership.

Paul Thoppil, Canada’s Indo-Pacific Trade Representative, reiterated his country’s commitment to helping the Philippines navigate this transition. Canadian knowledge in nuclear energy, grid modernization, and renewable integration could be the boost we need.

As Jean-Sébastien Fabry from Natural Resources Canada mentioned, collaboration is key to solving these complex challenges. This pursuit of a balanced energy mix that leverages renewable energy and nuclear power is a critical step toward achieving affordability, reliability, and energy security for the entire country. While the transition poses significant challenges, the collaborative efforts of the government, private sector, and likeminded partners such as Canada provide a strong foundation for success. With the right investments and policies, the Philippines can chart a future where reliable and affordable electricity is no longer a dream but a standard utility for

Individuals who dare criticize the system, make officials accountable, or champion the rights of the marginalized become convenient targets of red-tagging. Damage to reputation from being branded as communists could be the least of their concerns, because in some cases, the tag puts their safety at risk. Officials, law enforcers, or attack dogs of some political interests could find reasons to detain them and lock them up without basis. Worse, they could also be made to disappear – far from the watchful eyes of the media or of urban centers, it is easy to claim they were first to pose harm to law enforcers. In such an isolated environment, who can refute the official story?

There remain many political prisoners who have been wrongfully red-tagged and who languish in jail, waiting for a legal way out of their predicament. We can only hope that the wheels of justice turn faster for them too – even if they are not prominent broadcast journalists like Araullo, and even if they are scattered in different parts of the archipelago instead of the capital region, where everything could easily fall under scrutiny. More importantly, those in the habit of making blanket, baseless accusations against others should rethink their habits. There will be a legal and moral reckoning for this injustice. We only wish it would come faster, as it should.

all consumers. But collaboration must translate into action. Investments in grid infrastructure, storage solutions, and decentralized energy sources need to happen now, not later.

The Philippine government’s target of 35 percent renewable energy by 2030, 50 percent by 2040, and beyond 50 percent by 2050 is ambitious but achievable if backed by strong policy and international cooperation.

Plans to add 1,200 MW of nuclear capacity by 2032 must also stay on track to diversify our energy mix. Ultimately, this transition is not just about cleaner energy or international commitments. It’s about making life easier for the millions of Filipino families who, month after month, must allocate a bulk of their income for expensive electricity and live with what’s left for basic needs.

Expanding access to affordable electricity will uplift entire communities, reduce inequality, and create a fairer society where no Filipino is left in the dark. As hard working, tax paying, consumers, we deserve no less.

This is an AI-generated cartoon with the prompt: “Generate a cartoon of a sack of rice on top of a high pedestal with several mangled and emaciated hands reaching to it from below”

MONDAY, DECEMBER 16, 2024

Metro police nab two suspects; seize firearms

By Vince Lopez

THE National Capital Region Police Office (NCRPO) arrested two individuals involved in the illegal firearms trade and confiscated high-powered weapons and ammunition.

At approximately 3:50 PM on December 14, operatives from the Regional Special Operations Group (RSOG) of the NCRPO, initiated the operation in Barangay Poblacion, Muntinlupa City.

Two other suspects remain at large and hot pursuit operations are ongoing.

Seized during the operation were several high-powered firearms, including four Bushmaster rifles (Caliber 5.56mm), a DPMS Panther Arm (Caliber 5.56mm), an M16 upper and lower receiver, a converted air gun (Caliber .22), assorted gun parts, and several rounds of ammunition.

IN BRIEF

‘Bali Nine’ drug ring prisoners fly home

SYDNEY – The five remaining members of the Australian “Bali Nine” drug ring flew home Sunday after 19 years in jail in Indonesia, ending a saga that had frayed relations between the two countries.

Indonesian police arrested the nine Australians in 2005, convicting them of attempting to smuggle more than eight kilograms (18 pounds) of heroin off the holiday island of Bali. In a case that drew global attention to Indonesia’s unforgiving drug laws, two of the gang would eventually be executed by firing squad, while others served hefty prison sentences.

“The Australian Government can confirm that Australian citizens, Matthew Norman, Scott Rush, Martin Stephens, Si Yi Chen, and Michael Czugaj have returned to Australia,” Canberra said in a statement.

“The men will have the opportunity to continue their personal rehabilitation and reintegration in Australia.”

Australian Prime Minister Anthony Albanese said the men returned in the afternoon, and he had thanked Indonesian President Prabowo Subianto for his “compassion”. AFP

Trump taps Truth Social CEO to lead his platform

WASHINGTON, DC – US President-elect Donald Trump on Saturday named loyalist Devin Nunes, who heads his social media platform Truth Social, to serve as chairman of a White House intelligence advisory board. Nunes is a Republican ex-congressman from California who led the US House intelligence committee during the start of Trump’s first presidential term.

He has accused the Federal Bureau of Investigation of abusing its powers to spy on a Trump election campaign official who had extensive Russian contacts.

Trump said in his post that Nunes will remain the chief executive of Truth Social while leading the advisory panel.

In 2018 while chair of the intelligence committee, Nunes released a controversial memo saying the FBI conspired against Trump when it was probing Russian interference in the 2016 US presidential election.

“Devin will draw on his experience as former Chairman of the House Intelligence Committee, and his key role in

Solon seeks probe on failure of PhilHealth to expand services

AKO Bicol Party-list Rep. Raul Angelo Bongalon is demanding accountability for PhilHealth’s alleged failure to expand health insurance benefits or reduce premiums, despite holding over P700 billion in reserves and more than P500 billion in investible funds.

Bongalon, vice chair of the House Appropriations Committee, also said he will file a resolution calling for a congressional probe into PhilHealth’s reserve funds. He seeks to uncover where these funds are invested and whether PhilHealth executives are personally benefiting from these transactions.

“At just a conservative 4% annual interest, P500 billion could yield P20 billion in income. How much does PhilHealth really make from its investments? Where do they place the funds, and who decides where it’s invested? Most importantly, what’s the criteria for these investments?” Bongalon asked.

The investigation comes in the wake of Congress’ decision to defund PhilHealth’s premium subsidies for 2025. Bongalon, a member of the House contingent to the Bicameral Conference Committee, said PhilHealth has failed to utilize allocated funds to expand medical benefits.

Responding to critics, he said Congress’ decision not to appropriate P74 billion in premium subsidies will not deprive Filipinos of health insurance benefits, as PhilHealth has more than enough funds to cover its obligations.

Bongalon stressed that many of his constituents, including private hospitals, prefer the Department of Health-administered Medical Assistance to Indigent and Financially Incapacitated Patients (MAIFIP) program because it can cover the entire hospital bill, compared to PhilHealth, which only partially covers a patient’s medical expenses.

Anti-crime agency vows no POGO operations by Dec. 15

By Vince Lopez

THE Presidential Anti-Organized Crime Commission (PAOCC) said on Sunday that no Philippine Offshore Gaming Operator (POGO) should be functioning due to the cancellation of their licenses taking effect on December 15.

PAOCC executive director Gilbert Cruz said they will monitor the situation in POGO areas along with the Philippine Amusement and Gaming Corporation (PAG -

COR) in compliance with the directives of President Ferdinand Marcos Jr.

“We have a list there and PAGCOR told us that there are only

about 20 left. They should be closed until the end. We will monitor that,” Cruz said in a televised interview with GMA 7 Super Radyo DZBB.

“And by January, we will be in total operation because there are really no more POGOs, no more IGLs (internet gambling licensees), even those who say they are licensed BPOs (business process outsourcing), that is not possible anymore,” the PAOCC official added.

Cruz also said they will conduct inspections of the POGOs

that have supposedly shut down to see if they are really not operating anymore following the total ban order of President Marcos during his State of the Nation Address last June.

“Next week, we will inspect the ones that are said to have closed… Of course, we don’t want to be singled out, they said they were closed but they didn’t really close,” he said. “So, by Tuesday, we will go to a big POGO hub—reportedly an alleged POGO hub—we will see if they are really closed.”

Western, Arab countries, along with Turkey back peaceful Syria

DAMASCUS – The United States said during the weekend it had made contact with Syria’s victorious Hayat Tahrir al-Sham rebels, as Western and Arab states along with Turkey jointly voiced support for a united, peaceful Syria.

Secretary of State Antony Blinken’s comment on “direct contact” with the HTS rebels came despite the United States having designated the group as terrorists in 2018.

While Blinken and other diplomats held talks on Syria in Aqaba, Jordan, Turkey reopened its embassy in Damascus, nearly a week after the Islamist-led rebels toppled president Bashar al-Assad --and 12 years after Ankara’s diplomatic mission was shuttered early in Syria’s civil war.

“We’ve been in contact with HTS and with other parties,” Blinken told reporters, without specifying how the contact took place.

to impeach Yoon over his

declaration of martial law, which plunged the country into some of its worst political turmoil in decades. Technocrat Han has stepped in as interim leader as a constitutional court deliberates over whether to permanently remove Yoon from office. In Seoul, meanwhile, South Korea’s opposition leader urged a top court to swiftly formalize the impeachment of President Yoon and ease the “suffering of the people” after his short-lived martial law decree.

“President Biden expressed his appreciation for the resiliency of democracy and the rule of law in the Republic of Korea and reaffirmed the ironclad commitment of the United States to the people of the Republic of Korea.” South Korean lawmakers voted on

Lawmakers voted on Saturday to remove Yoon from office over his “insurrectionary” suspension of civilian rule, which plunged South Korea into some of its worst political turmoil in years. Yoon has been suspended while South Korea’s Constitutional Court deliberates, with Prime Minister Han Duck-soo serving as interim leader. The court has 180 days to rule on Yoon’s future. But opposition leader Lee Jae-myung on Sunday urged the judges to “swiftly” remove Yoon from

Ankara has been a major player in Syria’s conflict, holding considerable sway in the northwest, financing armed groups there, and maintaining a working relationship with HTS, which spearheaded the offensive that toppled Assad. In a joint statement after the meeting in Jordan, diplomats from the United States, Turkey, the European Union and Arab countries “affirmed the full support to the Syrian people at this critical point in their history to build a more hopeful, secure and peaceful future”. They called for a Syrian-led

CRISIS.

ZOO CHRISTMAS. Malabon Zoo founder Manny Tangco together with 300 pet lovers and their pets celebrate the annual Malabon Zoo Christmas party held at the Malabon Zoo, Aquarium, and Botanical Garden. Andrew Rabulan

Olivarez, Arcilla lead chase as Dagitab Open tennis unfolds

THE country’s top tennis players and promising talents gather for the Dagitab Festival National Open Tennis Championships, which kicked off Sunday at the City of Naga courts.

Leading the charge in the men’s singles are top seed Eric Jed Olivarez and veteran Johnny Arcilla, both aiming for the coveted title in this season-ending Open tournament. Olivarez, coming off a victory in a recent Open tournament, opens his bid against Miecoz Candelasa, while Arcilla tests his mettle against Hans Cabellon.

In a draw packed with talent, third seed Vicente Anasta takes on Chad Cuizon, No. 4 Fritz Verdad meets Carl Miasco, and fifth-seeded John Benedict Aguilar squares off with John Kenneth Jumamoy. Rounding out the featured matches are No. 6 Noel Salupado against Kennex Abadia, No. 7 Jude Ceniza challenging John David Velez, and eighth seed John Jeric Accion facing Nicholas Ocat.

To accommodate a strong turnout of entries, organizers staged a oneday qualifier, where Nicholas Ocat, Cyril Paster, John Kenneth Jumamoy and Carl Miasco secured the final slots in the 32-player main draw of the tournament presented by Dunlop. Olivarez, who fell short against absentee Josshua Kinaadman in last year’s edition, eyes redemption. However, with multi-titled Arcilla back in the fray and a competitive field of rising stars, the tournament promises high-intensity matchups throughout the week-long event.

In the Open doubles category, the duo of Fritz Verdad and Rolly Saga clinched the top seeding, with Olivarez and Anasta following closely at second seed. Also posing a challenge are the pairs of Arcilla/Ronard Joven and Ceniza/Elvin Geluz.

GRASSROOTS VOLLEYBALL.

Muntinlupa City mayor Ruffy Biazon, volleyball icon Alyssa Valdez, Munti Party-list’s Atty. Jojay Alcaraz are shown with the students of Alabang Elementary School after signing a Mamorandum of Agreement at the Bellevue Hotel in Alabang, Muntinlupa City between the City of Government and AV360 to lunch a grassroots’ volleyball program aimed at nurturing young athletes and instilling values through sports. Joseph Muego

Eastridge ends Southwoods’ Fil Am golf tournament reign

BAGUIO—Eastridge Primehomes softened Manila Southwoods final-day charge with balanced scoring to capture its first Fil Championship title and put an end to the latter’s bid for a piece of history at the close of the 74th

Januarius Fil Am Invitational at the Baguio Country Club.

Jeffren Lumbo had a modest oneunder-par card at the turn, then headed home with a two-over to finish with 35 points. Rolando Bregente supported with a 33 and Jhondie Quibol and Ronel Taga-an each added 32 for 132, pushing Eastridge’s four-day total to 554.

Manila Southwoods banked on the 35 of Jet Hernandez, 33s of Enrique Dimayuga and Coby Rolida and 28 of Miko

National inter-tertiary cage tourney pushed

ON THE heels of the launching of the All-Star Basketball Friendship Games, a tournament organized by the Commission on Higher Education for state universities, LGU-owned squads and private institutions, Fr. Vic Calvo, Letran’s representative to the NCAA board, suggested to make this event a regular event for all tertiary schools competing in different sports disciplines.

“We need to have a national inter-tertiary tournament,” said Calvo during the press luncheon held recently at the CHED

Auditorium in Diliman, Quezon City.

Fr. Calvo wants to see a seasonal event, much like the National Inter-Collegiate Tournament in the past as well as the Philippine Collegiate Champions League, to give other institutions outside the more prestigious leagues like the UAAP and NCAA, a fitting platform where they can size up their skill set and going up against teams competing in different leagues.

Veteran FIBA-accredited international referee Anthony Sulit sees high quality competitions in the All-Star

Participants in the CHED AllStar Basketball Friendship Games are shown with the representatives from various leagues.

Basketball Friendship Games.

“I would like to thank CHED for being able to organize a league such as this one,” said Sulit. “Meet ito ng mga malalakas na associations mula sa iba’tibang eskwelahan. Hopefully, this is going to be a yearly engagement.”

The CHED All-Star Friendship Games, which is a selection of players competing from leagues like SCUAA, PRISAA, LCUAA and NAASCU, wrapped up its final day of the tournament on December 13.

ANTA PH celebrates release of KAI 1 Blue Dynasty

Dynasty” colorway—a nod to their school’s colors and equally storied team history, the country’s very own blue dynasty.

The ANTA KAI 1 “Blue Dynasty” is inspired by Kyrie Irving’s days as a Blue Devil. Irving’s one-and-done stint in Durham, North Carolina for the 20102011 season showcased his raw mastery of scoring and ball handling. As one of the runner-ups for Freshman of the Year, Irving led his alma mater far into their campaign together; stirring up discus-

sions of what could’ve been a blue dynasty if Irving had stayed rather than forgo his eligibility to go pro. The shoe’s colorway is draped in his university’s away colors of black and blue

with silver accents throughout; most notably on the iconic midsole placement of ANTA’s logo shining from the sneaker’s primarily analogous colors.

Similar to the blue hues of a certain university in the Philippines, the ANTA KAI 1 “Blue Dynasty” echoes the university’s rich basketball history and extensive roster of alumni, many of whom made significant waves on the local basketball scene as national and professional players.

Players from different eras of the program’s blue dynasties attended the exclusive semi-reunion and gathering. Current assistant coaches Sandy Arespacochanga and Gene Afable, and former coaching staff members Gabby Severino and Jean Alabanza all played for the squad in the 90s and were there to commemorate the launch.

Granada to give the Carmona-based squad 545 in the largest and longest amateur team championships in the world according to the Guinness Book.

“We lost fair and square,” said Southwoods’ skipper Thirdy Escaño.

“I don’t want to make any excuses. Hats off to Eastridge which played very well for four days.”

For next year, Escaño explained:

ASEAN champ Abris seizes solo chess lead

CEDRIC Khalel Abris downed Phil Martin Casiguran in the fifth round over the weekend to seize the solo lead from the latter after five rounds of the Philippine National Juniors Chess Championships at the Philippine Chess Academy for Excellence over the weekend.

From a share of No. 2 with second seed FIDE Master Mark Jay Bacojo in the fourth round, the 17-year-old 12thgrader from La Salle-Greenhills vaulted straight to the top with 4.5 points following his masterful triumph over Casiguran, the former solo leader.

Abris, who won gold in the ASEAN rapid category in Bangkok, Thailand last week and four mints in the Batang Pinoy in Puerto Princesa, Palawan a month ago, was battling Bacojo in the sixth round at press time and hoping for a victory.

If he stuns Bacojo, who is currently in a share of No. 2 with three others with four points apiece, Abris will inch closer to claiming the top purse worth P20,000 and

“We are going to try harder. It is back to the drawing board to come up with better strategies. All things do come to an end. Maybe this is a wake-up call. We’ll return stronger.”

Januarius Private Equity wound up third with 512 after a 108. Masa Otake sparkled with a 31, Terence Macatangay had a 27. The 25s of Jet Mathay and Raymond Sangil counted in the five-to-play, four-to-count format. The Am Championship crown went to Manila Southwoods Team 2 (142525) edging out Eastridge Primehomes Team 2 (151-518). Rounding out the top five were Batangas Barakos (119-467), Januarius Private Equity 2 (129-449) and Valley Golf (116-400).

a slot to next year’s World Juniors Championships in Petrovac, Montenegro. Also in second with four points in this eight-round event backed by the Philippine Sports Commission and National Chess Federation of the Philippines were Bacojo, Casiguran and Mar Aviel Carredo.

In the juniors’ girls’ class, Lexie Grace Hernandez trounced Karol Jozef de Guia to catch up on the latter at the helm with four points each.

In hot pursuit of the co leaders were a four-player cast of 3.5-pointers consisting of reigning national women’s champion and Olympiad veteran Ruelle Canino, Kayla Lorraine Aurelio, Jersey Marticio and Daren dela Cruz.

All eras of the blue dynasty of one of the Philippines’ top college basketball programs were present at ANTA PH’s exclusive gathering to commemorate the launch of the KAI 1 “Blue Dynasty. The players are (from left) Carlo Balmaceda, Kirk Long, Yuri Escueta, Bacon Austria, Justin Chua, Anton Asistio, Raffy Verano, Ian Espinosa, Nico Salva, Jai Reyes, Poy Erram, Jong Uichico, Rich Alvarez, Bajjie Del Rosario, Gene Afable, Larry Fonacier, Enrico Villanueva, Sandy Arespacochaga, Gabby Severino, and Jean Alabanza.

Eastridge players (from left) Bobe Salahog, Ronel Taga-an, Jhondie Quibol and Jeffren Lumbo celebrate the team’s victory.

Cedric Khalel Abris

Editor

RANDY M. CALUAG, Asst. Editor

EDGARD HILARIO, Asst. Editor

Lady Bulldogs stun Tigresses, regain UAAP basketball crown

IN A dramatic Game 3 showdown, National University erased the memory of last year’s defeat, clinching the UAAP Season 87 Women’s Basketball championship with a 78-73 triumph over fierce rival University of Santo Tomas on Sunday at the Smart Araneta Coliseum.

It had been a hard-fought series with the Lady Bulldogs escaping the Growling Tigresses in Game 1, 72-71, before falling apart in the second game last Wednesday, 68-78, to set up the rubber match.

Despite failing to sweep the season after a loss in Game 2, the Lady Bulldogs reclaimed their spot at the top

TOP-SEED University of the East capitalized on an early ejection of Mythical Five member Andwele Cabanero, securing a 76-70 victory over University of Santo Tomas to force a winnertake-all Game 3 in the UAAP Season 87 Junior High School Basketball Finals on Sunday at the SMART Araneta Coliseum.

Cabanero was ejected at the 6:54 mark of the first quarter after striking Neil Garcia twice with a closed fist during a loose ball scuffle.

Despite the predicament the Tiger Cubs were in the Junior Warriors were still forced to battle against a resilient UST squad, which was fueled by the combined 62-point effort of Jhon Canapi, Miguel Jubilado, and Dustin Bathan.

As Game 3 approaches, the Junior Warriors are looking to end a 39-year UAAP basketball title drought, while the Tiger Cubs aim to capture their first UAAP high school basketball championship since Season 74 (2001). Cabanero, who starred in the Junior Warriors’ 98-84 Game 1 win with 21 points, 16 rebounds, and eight assists, will miss the decisive Game 3 due to his ejection in this game.

UE head coach Andrew Estrella expressed UE’s determination, saying, “That’s the motivation: to bring UE another championship. As I’ve said, hu-

after losing the title to the Growling Tigresses last season.

“These players were on it since Day 1 ng training camp namin. We asked so much from them pero hindi mo matatawaran yung effort nila every day. I’m just very satisfied because today, this is the fruit of our labor. I’m really satisfied with how they conducted them-

selves today. Lahat lahat lahat binigay ang lahat para sa redemption year na ito,” said head coach Aris Dimaunahan, who earned his second title with the team.

The Lady Bulldogs broke a 38-all tie at halftime with a third-quarter storm, outscoring the Tigresses 27-12, thanks to standout performances from Rookie of the Year Cielo Pagdulagan (10 points) and Angel Surada (nine points).

This gave NU a commanding 65-50 lead heading into the final quarter.

Unlike last season, when they squandered a 14-point lead in Game 3, NU kept its composure in the clutch.

UST mounted a late rally, cutting the

deficit to five points, 70-75, with 1:45 left, courtesy of nine straight points from CJ Maglupay, Karylle Sierba, and Tacky Tacatac.

But costly turnovers and missed opportunities sealed the victory for NU.

Camille Clarin’s two free throws with 21.8 seconds left extended the lead to 77-70, and despite a late threepointer from Sierba, Clarin’s freethrow split sealed the title.

Pagdulagan was named Finals MVP, averaging 15.3 points, 2.3 rebounds, 1.67 assists, and 1.67 steals throughout the championship series. She led the way in Game 3 with 21 points, nine rebounds, three assists, and three steals.

Jr Warriors force deciding Game 3 vs Tiger Cubs

The UE Junior Warriors celebrate their win.

wag kayo susuko, and then we won, so bakit pa namin ibibigay ito? Ang dami na namin pinaghirapan, in and out the court, ito na ‘yon. Bakit pa namin ibibi-

gay, nandito na kami sa Game 3.” With 2:23 left in the game, UE had a slim two-point lead after a five-point spurt by Jolo Pascual and an inside bas-

ket from Gab Delos Reyes. However, back-to-back layups by Jubilado and Canapi gave UST a 70-68 advantage with 1:44 remaining.

Petro Gazz’s Myla Pablo named PVL Press Corps Player of Week

AFTER spending months on the bench, Myla Pablo found her way back to Petro Gazz’s starting unit and played a crucial role in the Angels’ strong start in the 2024-25 Premier Volleyball League All-Filipino Conference.

Pablo was inserted into the first six against Farm Fresh on November 23 after regular starter Jonah Sabete sat out due to a strained left calf. She immediately made an impact for a Petro Gazz team reeling from a straight-set loss to defending champion Creamline.

The two-time PVL MVP seized the opportunity to reestablish herself in the Angels’ rotation, delivering a series of standout performances in their next three victories—including convincing wins over contenders PLDT and Cignal—to cap the year on a four-game winning streak.

Pablo poured 19 points on 17 attacks and two blocks to spark Petro Gazz’s 12-25, 25-14, 25-22, 2520 win over the High Speed Hitters last Tuesday. She then followed it up with a 15-point output on Saturday to help deal the HD Spikers’ first loss via a 25-19, 25-21, 25-18 decision. For her stellar performance that allowed the Angels to rise to the top spot with a 5-1 standing, Pablo was unanimously voted as the fifth PVL Press Corps Player of the Week presented by Pilipinas Live for the period of December 10 to 14.

The 31-year-old outside hitter revealed that she gained confidence from her teammates and coaches, fully embracing the role entrusted to her by the team’s coaching staff.

“Kinuha ko ‘yung kumpyansa ko sa sarili ko and also sa teammates and coaches (ko). Kum-

baga, kung ano ‘yung binigay sa akin na role sa team, kailangan magtrabaho ako kasi siyempre minsan lang ako bigyan ng chance to play, ba’t ‘di ko pa gagawin ‘yung best ko,” said Pablo.

“Nandoon din talaga ‘yung mga sumusuporta sa amin, lalo na ‘yung mga Petro Gazz fans and sa mga nagtitiwala sa akin. Malaking bagay talaga sa akin ‘yun para ma-boost ‘yung confidence ko,” she added.

The veteran wing spiker from Tarlac edged out Petro Gazz teammate Brooke Van Sickle, Akari outside hitter Grethcel Soltones, Creamline star Alyssa Valdez, Choco Mucho ace Sisi Rondina, and Chery Tiggo young gun Cess Robles for the weekly award given by print and online journalists covering the league, which is streamed live and on-demand via Pilipinas Live app and on www.pvl.ph.

By Peter Atencio

THE Philippine National Women’s Football Team slipped two notches down in the FIFA women’s world rankings. The Mark Torcaso-coached Filipinas have gone from no. 39 to 41, following their campaign in the Pink Ladies Week in Turkiye last month.

“This is going to take more than just four or five days, it’s a process that will take months. We need time with these players to really settle into the new approach,” said Torcaso in a statement. The rankings were based on a concerned squads’ during a designated FIFA window.

In that specific window, the Filipinas experienced 1-4 defeat to Kenya, a 3-0 triumph over Jordan, and a scoreless draw with Haiti during a friendly.

“We didn’t underestimate them at all. We knew that they were gonna be a good side. I just felt like we approached the game with

recent international sorties.

He added that the team is adapting to a new playing style, the shift needs more time.

Filipinas fall 2 notches to no. 41 in FIFA rankings Bucks crush Hawks to reach NBA Cup final against Thunder

LOS ANGELES—A dominating performance by Giannis Antetokounmpo on Saturday led the Milwaukee Bucks into the NBA Cup final, where they will face Shai GilgeousAlexander and the Oklahoma City Thunder for the title.

Greek star Antetokounmpo scored 32 points and grabbed 14 rebounds to spark the Bucks over the Atlanta Hawks 110-102 while Canadian guard Gilgeous-Alexander netted a game-high 32 points to lead the Thunder over Houston 111-96 in the semi-finals at Las Vegas.

The Bucks and Thunder will meet for the crown on Tuesday in Las Vegas.

“I just wanted to be aggressive through all the ups and downs, highs and lows, and it paid off,” said Gilgeous-Alexander. “Hopefully we can do the same thing on Tuesday.

“If we play defense, we give ourselves a chance every night. We just have to play hard, play together and have fun.”

NBA scoring leader Antetokounmpo also added nine assists, four blocks and a steal while shooting 10-of-15 from the floor and 12-of-18 from the free-throw line.

“We got stops. That was the most important thing,” Antetokounmpo said. “They were feeling comfortable, getting to their spots. We were able to disrupt their offense.

Myla Pablo

SEC: Over 11,000 companies face fines over failure to submit reports

By Jenniffer B. Austria

THE

Securities

and Exchange Commission (SEC)

threatened to revoke the licenses of more than 11,000 companies over their alleged non-compliance with repertorial requirements.

The SEC, in a notice dated Dec. 13, 2024, said 11,677 corporations were subjected to evaluation for the possible suspension of their

P26 billion

Maynilad’s 2025 investment plan

P167 billion

Maynilad’s 2023-2027 capex

1.7 million

Maynilad’s water connections

Maynilad set to invest P26b in water projects

By Othel V. Campos

MAYNILAD Water Services Inc. said over the weekend it is spending at least P26 billion in ongoing and newlyawarded projects aimed at improving water services and infrastructure.

The annual allocation is part of the company’s long-term capital expenditure program, which spans from 2023 to 2027, with a total commitment of P167 billion.

Maynilad chief operating officer Randolph Estrallado said the completion of Maynilad’s projects is closely tied to the timeline of the Kaliwa Dam project, which is expected to be finished between 2028 and 2029.

“We need to finish our projects before that. Because it takes maybe three years to build the treatment plant. What we don’t want is for Kaliwa Dam to be completed without significant progress on our end,” he said.

Maynilad, which has 1.7 million connections in the west zone, said to align with this schedule, it plans to complete critical infrastructure such as treatment plants, pipelines crossing Teresa in Rizal and points to Laguna Lake within the next three to five years.

The company’s funding strategy is supported by a revised five-year tariff adjustment mechanism, which allows for annual increases approved under the new concession agreement.

This provides regulators with the flexibility to monitor Maynilad’s performance and adjust tariffs accordingly.

Maynilad’s capital expenditure program will be financed through a mix of equity and debt. The revised concession agreement (RCA), which grants Maynilad a franchise extension of another 25 years, restored the confidence of financial institutions, enabling the company to secure the necessary funding.

Uncertainties surrounding the concession agreement hindered borrowing capabilities.

As part of its business plan, Maynilad pledged to meet key service level commitments, including enhanced water availability and expanded wastewater coverage.

“We have a clear five-year plan, and we are focused on delivering on our promises,” Estrallado said.

certificates of incorporation for their failure to submit their annual financial statements (AFS) and general information sheets (GIS) in the last eight reporting years, or from 2015 to 2022.

It said to avoid paying higher penalties, the companies should apply for the enhanced compliance incentive plan (ECIP) before the endDecember 2024 deadline.

All registered corporations are required to submit to the SEC their AFS and GIS annually and other reports under Section 117 of the Republic Act No. 11232 or the Revised Corporation Code of the Philippines (RCC). Under the RCC, the SEC may put

a corporation under a “delinquent” status if it fails to submit reportorial requirements three times, either consecutively or intermittently, within a five-year period.

Delinquent corporations have two years to resume their operations, or their registration will be revoked.

The SEC also has the power to suspend or revoke, after proper notice and hearing, the franchise or certificate of registration of corporations upon any of the grounds provided by law.

Under the ECIP, non-compliant corporations and those placed under the delinquent status will only have to pay P20,000 to settle their fines and penalties.

Suspended/revoked corporations, meanwhile, should pay 50 percent of their assessed fines and penalties, and a P3,060 petition fee to lift their order of suspension or revocation.

To apply for ECIP, eligible corporations will have to submit their expression of interest using their company accounts on the Electronic Filing and Submission Tool (eFAST).

They should also submit their latest due AFS and GIS before Dec. 31, 2024 to complete their ECIP application.

Suspended/revoked corporations should also submit other supporting documents to the designated email addresses of SEC extension offices that cover their jurisdiction.

By Jimmy Montejo

WITHOUT a doubt, Cosette Canilao is one of the country’s leading authorities on public-private-partnership (PPP) in so far as infrastructure projects are concerned.

Canilao is the president and chief executive of Aboitiz Infra Capital Inc. and holds the distinction of being the only female to be at the helm of such a huge enterprise.

She graduated in Finance from the University of the Philippines and attended executive education programs at Harvard Business School.

She piled up 20 years of leadership experience in PPP, in addition to investment and corporate banking, crisis management and restructuring expertise.

He credentials list management positions for the Crisis Management Group and Financial Services Industry at PricewaterhouseCoopers, director at Standard Merchant Bank Asia, and managing director for PPP Advisory at Atkins Acuity.

She was also instrumental in developing and promoting PPP frameworks and shared knowledge with developing countries such as Indonesia, Cambodia, Laos, Vietnam, Sri Lanka, Kenya and Tanzania.

Prior to joining the Aboitiz Group, Canilao was executive director of the PPP Center during the Aquino admin-

Infra-builder Cosette Canilao champions women empowerment

istration. She was at the forefront of executing strategic infrastructure projects for the government and had a say in the successful bidding of 12 state projects from 2011 to 2016.

Being at the driver’s seat of the Aboitiz InfraCapital, there is no stopping this amazingly young achiever in her pursuit of major infra structure projects, with a keen focus on economic growth to spur national development through the construction of water facilities, digital infra structure projects and trans port systems.

Infra Capital Inc. president and CEO Cosette Canilao

Canilao seriously considers tapping the assistance of highly qualified personnel from the distaff side of the corporate workforce.

She fairly justifies her inclination to empowering women. “Conscious and unconscious bias should be eliminated and women should be allowed to flourish and achieve their utmost potential in any field, in any workplace,” she said.

In 2022, Aboitiz InfraCapital became a new member of the Philippine Business Coalition for Women Empowerment, and it dovetailed perfectly with the firm’s commitment to empowering women and promoting equality in the office.

In a media interview, Canilao said:

“Glass ceilings should be broken effortlessly; glass cliffs should be overcome easily, until both are extinct. We can only achieve this by being deliberate and articulate in the policies that we put in

place. With the support of evidence-based data, it is my hope that more progressive, proactive, and bold policies will emerge to allow female genius to flourish.”

But she has more to say about her favorite topic which, of course, is PPP. In an essay, Canilao said investors generally prefer PPP projects that are lowrisk and bankable. Needless to say, that is clearly understandable.

She pointed out, however, that bankability for a developing country involves more than de-risking projects, which means “de-risking the country and its PPP program.”

She advises the government to create an “enabling environment” that would encourage private investors to be state partners in infrastructure development.

Cosette said this involves policies on ease of doing business, from registration of the new company to capital transactions.

She said the country’s credit worthiness “is also a fundamental requirement in encouraging project finance including attracting offshore financing interests”

“Availability of local financing enables ease of structuring of deals and lowers attendant financing costs. Frameworks for aligned and smoother infrastructure implementation, such as right of way laws, sectoral regulations and arbitration processes, are also a must,” Canilao said.

SWEDISH

opening a store. But nothing is set in stone yet,” he said at the sidelines of the 2024 Market Report for the Philippines hosted by Business Sweden.

While the brand faced a decrease in financial sales worldwide this year, it reported growth in the Philippines, driven by expanding delivery and assembly services.

IKEA offers delivery nationwide and broadened its truck delivery and assembly network, making its products more accessible.

Von Bodungen emphasized the importance of understanding consumer habits in the region.

“Customers often start with small items like napkins before moving on to larger purchases. Nobody comes in and buys a wardrobe on their first visit. A physical presence in every major city would be ideal, but we need a significant customer base to sustain a full-fledged IKEA store,” he said.

V.

Othel

Campos

CRUISE TOURISM. The Subic Bay Sunset Cruise provides Philippine Experience Program (PEP) Central Luzon delegates on Dec. 12, 2024 with an unforgettable evening of luxury and tranquility. Aboard a spacious yacht and a sleek catamaran, participants soaked in the serene ambiance of Subic Bay, nestled between the provinces of Bataan and Zambales, as they marvel on breathtaking views during the magical Golden hour. The cruise is part of the PEP Central Luzon’s itinerary, showcasing Subic Bay’s natural beauty as a premier destination for high-end and cruise tourism.

GLASS WALK. Montemaria International Pilgrimage & Conference Center in Batangas province holds a ribbon-cutting ceremony for the Montemaria Miracle Walk — the first glass walk ever opened in the Philippines. The Montemaria Miracle Walk, made from three-inch-thick glass, is 135 meters high, 118 meters long and 30 meters wide. It is also reinforced with imported metals, making it safe and enjoyable for visitors and tourists that are looking for a thrill-seeking experience.

Aboitiz

AyalaLand Logistics opens cold storage in Pampanga

AYALALAND Logistics Holdings

Corp. (ALLHC) said over the weekend it opened its fifth cold storage facility at Pampanga Technopark.

ALLHC said in a statement Artico Mabalacat was designed with a capacity of 4,000 pallet positions across 19 cold rooms, with temperatures ranging from 5°C to -25°C.

The facility will increase ALLHC’s portfolio to about 20,000 pallet positions—addressing the growing demand for temperature-controlled facilities in Central Luzon.

It will primarily serve industries including frozen meat, seafood, pharmaceutical and industrial.

The facility will be registered with the Board of Investments (BOI) and key regulatory agencies including the National Meat Inspection Service (NMIS), the Bureau of Fisheries and Aquatic Resources (BFAR) and the Bureau of Plant Industry (BPI).

“By building this cold storage facility within our very own industrial

SANITATION

FACILITIES. Manila Water Foundation inaugurates family sanitation facilities in Sitio Sapang Munti within the Ipo Watershed—a crucial water source in Norzagaray, Bulacan. In partnership with the Metropolitan Waterworks and Sewerage System and Janji, a USbased sports apparel company, Manila Water Foundation completed its commitment to providing the rst 30 family sanitation facilities for the community living in the critical watershed.

park development, Pampanga Technopark, we reaffirm our commitment to providing exceptional service and setting new standards in the industrial and real estate logistics industry,” said ALLHC chief operating officer Patrick Avila.

Artico Mabalacat is strategically located with easy access via NLEX, SCTEX and MacArthur Highway and is close to key infrastructure such as Clark International Airport and the Subic Bay International Terminal.

“The facility is a significant addition as it caters to not only to corporate clients but, more importantly, to micro, small and medium enterprises which make up 98 percent of businesses in the country… This new facility will make a substantial contribution to the socioeconomic agenda of the government particularly concerning food security,” said Ernesto Delos Reyes Jr., One Stop Action Center for Strategic Investments director at the Board of Investments.

ALLHC also completed the first phase of ALogis Mabalacat, a 7,700-square-meter warehouse, with construction already underway for the second phase, adding another 18,000 sq. m. of gross leasable area.

These ready-built facilities provide light to medium enterprises with the infrastructure needed to immediately launch operations, fostering business growth and economic activity in the region.

ALLHC said the strategic integration of Artico Mabalacat cold storage facility and ALogis Mabalacat ready-built facilities bolsters the supply chain in Luzon by empowering businesses across various sectors and fostering a more efficient, sustainable distribution network within the region.

This also positions Pampanga Technopark as a pivotal player in addressing the nation’s increasing demand for streamlined and reliable logistics solutions. Jenniffer B. Austria

Our CSR through the Lasallian

lens

GREEN LIGHT

Allyson Kaye Dumayag

AT People360 Consulting Corporation, corporate social responsibility (CSR) isn’t just something we do on the side—it’s at the heart of what we believe in. As a company that focuses on safety and health, many of our CSR activities align with our mission. But what drives us to do even more than what’s required comes from two places: the values our CEO instills and the certifications we hold, like ISO 9001, 14001, and 45001. These push us to go beyond our business obligations and really make an impact in our community.

Thinking about our CSR work through the Lasallian values deepens my appreciation for why we do what we do. In the spirit of St. John Baptist de La Salle, we are reminded that our work isn’t just about making profits—it’s about serving the common good, especially those who need it most. Our CSR activities help us live out these values realistically and practically.

One of the initiatives I’m most proud of is our partnership with Dugong Alay, Dugtong Buhay (DADB), a blood donation organization. Together, we try to address the blood supply shortage, which becomes even more critical during times of disaster, like when “the Big One” earthquake happens, which we’ve all been warned about. Our blood donation drives are about preparing for these moments and helping those in need.

This effort goes beyond our day-to-day business. It’s a way to give back to the community and save lives. In the Lasallian spirit of service, we’re called to step up when needed, even if it’s outside our immediate business focus. And that’s what this partnership with DADB is all about—making a difference where it matters most.

Another key part of our CSR work is offering free community sessions on fire prevention. We don’t just talk about fire safety—we

By Othel V. Campos

ALL 137 oropharyngeal swab samples collected from domestic avian species within a 1-kilometer radius of the previously affected farm in Talisay, Camarines Norte tested negative for Highly Pathogenic Avian Influenza (HPAI). Department of Agriculture (DA)-Bicol regional executive director Rodel Tornilla announced this development following the release of negative results from real-time polymerase chain reaction (PCR) tests for

It’s about more than business—it’s about making a lasting, positive impact on the lives of others.

provide free fire extinguishers and hands-on training so that people know how to use them in an emergency. It’s not a one-time event but an ongoing commitment to equipping communities with the tools and knowledge to stay safe.

This is a perfect example of the Lasallian value of compassion. We’re not just doing our job but showing that we genuinely care about the safety and well-being of the people around us. It’s about more than business—it’s about making a lasting, positive impact on the lives of others. We’re empowering people to take control of their safety, and that’s something that truly matters.

Our company also takes environmental responsibility seriously. We regularly participate in coastal cleanups and tree planting activities, doing our part to fight climate change and environmental degradation. These efforts may seem small in the grand scheme, but they are crucial to protecting our planet.

When I think about these activities, I’m reminded of the Lasallian call to care for our world and each other. By coming together with local communities for these cleanups and tree plantings, we’re taking responsibility for the environment and encouraging others to do the same. It’s a reminder that we’re all interconnected and that caring for the Earth is a shared responsibility.

A lot of what we do at People360 is driven by our leadership, especially our CEO, who strongly believes in giving back to the community. But it’s also supported by our certifications—ISO 9001, 14001, and 45001. These certifications don’t just ensure we meet international standards; they push us to think about the bigger picture.

Influenza Type A.

DA RFO 5 Regional Animal Disease

Diagnostic Laboratory (RADDL) administered the tests and transmitted to the Bicol regional office on Dec. 12, 2024.

Tornillo said the 1-kilometer radius surveillance area encompassed Barangays San Nicolas, Binanuaan and San Francisco in Talisay; Barangays Awitan and Gahonon in Daet; and Barangay Ginacutan in Vinzons, all located in Camarines Norte.

Samples were collected from domestic avian species, including ducks, gamefowl and

Market awaits BSP, Fed policy rate decisions

By Jenni er B. Austria

PHILIPPINE stocks are expected to move sideways this week as investors await the result of the Bangko Sentral ng Pilipinas’ and the US Federal Reserve’s policy meetings this week.

“A rate cut from the two as well as hints of further easing are expected to give a boost to sentiment which in turn could help the market achieve a positive close,” Philstocks Financial Inc. research head Japhet Tantiangco said.

He said, however, the local market is still moving ,sideways with a bearish bias as investors maintain a cautious stance, dealing with lingering headwinds while waiting for positive leads.

Aside from the BSP and the Fed policy meetings, investors will also to monitor the peso’s performance against the US dollar.

“A further depreciation of the local currency may weigh on the bourse,” Tantiangco said.

The market’s immediate support is seen at 6,600, while major resistance is expected at 6,800 this week.

Last week, the Philippine Stock Exchange index lost 112 points, or 1.67 percent, to close at 6,616 on Friday, as investors turned cautious.

Average value turnover improved 10 percent to P6.7 billion from the previous week’s level, while the average net foreign selling eased to P52 million.

Wall Street finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities.

Of the major indices, only the Nasdaq mustered a gain in Friday’s session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher.

“Equities are kind of treading water,” said LBBW’s Karl Haeling. “A negative influence to some extent is the rise in bond yields.”

The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures.

“Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve’s final meeting of the year, reflecting concerns over sticky inflation,” said Chris Beauchamp, chief market analyst at online trading platform IG.

There is also growing concern over the inflationary pressures from President-elect Donald Trump’s pledges to cut taxes and impose tariffs, as inflation still stands above the Fed’s target. With AFP

Our ISO 45001 certification, for example, focuses on occupational health and safety, and it’s not just about keeping our clients and employees safe. It extends to our CSR efforts, where we promote safety within the community, like through our fire prevention programs and blood donation drives. We’re making safety accessible to everyone, not just those who can pay for it, which I find really meaningful.

CSR is about more than just doing good for its own sake. It’s about recognizing that businesses are responsible for giving back to society. In the Lasallian values, we are called to use our resources and skills to serve others, especially those who are vulnerable. Whether it’s through our health initiatives, safety training, or environmental cleanups, our CSR activities reflect this mission.

As someone passionate about building inclusive workplaces and creating positive change, I see CSR as a vital part of that. It’s not just about what we do inside the office but how we extend our efforts to the broader community. We have the power to make a real difference, and companies like ours should lead the way.

At the end of the day, CSR is not just a nice add-on for People360—it’s a core part of who we are. Through these initiatives, we’re living out the Lasallian values of faith, service, and community, making sure that our work doesn’t just benefit our company but also leaves a positive impact on the world around us. Whether through blood drives, fire safety training, or protecting the environment, we’re committed to making the world a safer, healthier, and more compassionate place for everyone.

The author is an MBA student at the Ramon V. Del Rosario College of Business of De La Salle University. She can be reached at allyson_ dumayag@dlsu.edu.ph.

The views expressed above are those of the author and do not necessarily reflect the official position of DLSU, its faculty, or its administrators.

chickens owned by residents in these barangays. The DA Bicol Regional Quick Response Team (RQRT) will extend active surveillance to the next 7-kilometer radius from the affected areas in Camarines Norte. It asked the public to maintain strict biosecurity measures, such as proper handwashing after contact with birds or poultry. Unusual illnesses or bird deaths should be reported promptly to the Department of Agriculture, the Bureau of Animal Industry or local agricultural offices, the DA said.

Meralco eyes P70-b capex for infra repair, smart meters

By Alena Mae S. Flores

POWER retailer

Manila Electric Co.

(Meralco) is looking at total capital expenditure of P70 billion for infrastructure hardening and smart meters over the next five years.

Meralco said it expects to spend P30 billion for infrastructure hardening/resiliency and P40 billion for the

DBM rolls out e-marketplace for gov’t procurement

By Darwin G. Amojelar

THE Department of Budget and Management (DBM) rolled out the Philippine Government Electronic Procurement System (PhilGEPS) eMarketplace— an innovation directive by President Ferdinand Marcos Jr. for implementation.

“With the eMarketplace, government agencies or procuring entities can now just ‘Add to Cart’ or directly purchase their common-use supplies and equipment (CSE) requirements from competent and reputable suppliers. With only a few clicks, we can now purchase the same way we would shop in Shopee or Lazada using our digital devices, shortening the tedious process of regular procurement from three months to just 60 days,” said DBM Secretary Amenah Pangandaman.

The digital platform was unveiled on Dec. 13, 2024 in a ceremony at the Philippine International Convention Center (PICC) in Pasay City.

“With the guidance of DBM, under the excellent leadership of Sec. Mina, the PS-DBM conquered, and we have been relentless since then in reinforcing our mandate as the central procuring arm for common use supplies and equipment for the whole of government including local government units,” said Procurement ServiceDBM executive director Genmaries Entredicho-Caong.

The eMarketplace, a component of the updated PhilGEPS, helps combat corruption by verifying merchants and suppliers, ensuring they meet the technical specifications and budget requirements set by procuring entities.

Pangandaman also lauded the swift completion of the implementing rules and regulations (IRR) draft ahead of schedule.

rollout of at least 4 million smart meters from 2025 to 2029.

The company is investing in infrastructure hardening as the Philippines continues to be battered by several typhoons annually.

Meralco first vice president and head of networks Froilan Savet said the capex involves storm hardening initiatives, asset renewal and system improvement projects and intensive pole relocation affected by government projects and public private partnership (PPP) projects.

Savet said they also plan to roll out at least 4 million smart meters, which allow customers to manage consump-

tion, with a capital cost of around P40 billion in the next five years, subject to the Energy Regulatory Commission’s (ERC) approval.

He said that from 2025 to the first half of 2026, the allocation is of P4.56 billion for around 390,000 smart meters under its Advance Metering Infrastructure (AMI).

Meralco is also looking at other capex spending to further improve its network operations.

“Next year, we will be deploying our first MOBILE medium-voltage switchgear for contingency purposes,” Savet said.

He said Meralco aims to expand the

underground distribution network by an additional 500 ckt-km of underground facilities in the medium-term, with estimated capex of around P22 billion.

Meralco is also pursuing Advance Network Automation (ANA), which involves distribution automation initiatives with the deployment of at least 6,000 special line equipment to be installed with total capex of around P4 billion.

Meralco’s ANA aims to enhance network reliability, efficiency and power quality while improving power quality and reducing interruptions to its customers.

IN BRIEF

LTFRB asks Angkas to explain alleged violation of motorcycle taxi limit

THE Land Transportation Franchising and Regulatory Board (LTFRB) issued a show cause order to motorcycle ridehailing and delivery service app Angkas to explain the alleged violation of motorcycle taxi cap.

LTFRB chief and Motorcycle Taxi Technical Working Group (MC Taxi TWG) chairperson Teofilo Guadiz III, in the show cause order, ordered Angkas “to explain why it should not be suspended or removed from the motorcycle taxi pilot study/program

for allegedly exceeding the allocated rider cap for Angkas.”

Angkas was given a period of five days from receipt of the order to formally respond to the show cause order. It was also directed “to appear before the MC Taxi TWG on Dec. 18, 2024 at 3 p.m. at the LTFRB Building in Quezon City.

The LTFRB said in late November it maintained a cap of 45,000 motorcycle taxis in Metro Manila since 2020. Guadiz said in a statement re-

PetroWind to complete expansion of Aklan project in 2025

NABAS, AKLAN—PetroWind Energy Inc. (PWEI) expects to fully its 13.2-megawatt Nabas phase-2 expansion in this province next year. This will help improve Aklan’s electricity supply along with the recent approval by the Energy Regulatory Commission (ERC) of the grid enhancement in the province by the National Grid Corporation of the Philippines (NGCP).

The ERC approved the P4.2-billion Nabas-Caticlan-Boracay 138 kV transmission project intended to address overloading issues in the existing Nabas-Caticlan 69kV transmission line, the Caticlan-Boracay submarine cable and the Manoc-Manoc 69kV load end substation.

The project, once completed in 2025, will help bridge power more efficiently in Panay and the Visayas.

This follows the additional power supply from the commissioning of PWEI’s first three 2.2-MW Vestas wind-turbine generators in the second quarter of 2024.

“Nabas-2 remains the only new power plant connected to the Panay sub-grid since the island-wide grid outage in January 2024. PWEI is, therefore, supportive of the government’s grid enhancement project in Aklan, as it will help reduce the risk of generation curtailment at PWEI’s wind farm, leading to more stable power generation and the continued opportunity to supply clean power to the grid,” PWEI senior manager

Jason Abaniel said. Abaniel said PWEI is committed to completing phase 2, with the commissioning and testing of the first three turbines set for completion in January and the remaining three turbines within 2025.

PetroGreen Energy Corp. and publicly-listed PetroEnergy Resources Corp., both part of the Yuchengco Group of Companies (YGC), own a combined 60-percent interest in PWEI, while BCPG Wind Cooperatief U.A., a subsidiary of Thailand’s BCPG Public Company Ltd., owns the rest of 40 percent.

Aklan provincial administrator Selwyn Ibarreta welcomed PWEI’s expansion and NGCP’s transmission line improvement. Alena Mae S. Flores

leased to the media that “the LTFRB did not increase the number of MC taxis in the National Capital Region.”

“It was pegged at 45,000 three years ago. It still stands at 45,000,” he said.

The only increases implemented by the LTFRB, said Guadiz, were in Regions III and IV, which have a cap of 2,000 motorcycle taxis each, or a total of 4,000. The companies allowed to operate in these regions are Para Xpress, Maxim, Dingdong and GrabBike.

Angkas said in public pronouncements it has 30,000 partner-bikers. The company announced in August that it signed a memorandum of agreement with the Social Security System to extend social security protection to about 50,000 Angkas partner-bikers. The House of Representatives committee on transportation and transport groups repeatedly called on the government to retain the current cap on motorcycle taxis. Darwin G. Amojelar

ROAD safety watchdogs, transport industry groups and accredited IT providers expressed full support for the Commission on Audit (COA) report calling for the full implementation of the Land Transportation Management System nationwide. The DOTr on Dec. 2, 2024 released the COA 2023 annual audit report findings where auditors flagged the Land Transportation Office’s continued charging of P203.1 million fees for the use of the old IT system of Stradcom

Corp. in the last four months of 2023 despite the completion and delivery of the P8.227 billion Land Transportation Management System (LTMS). The auditors said the LTO already issued a certificate of completion and final acceptance for the LTMS project as of Dec. 17, 2021. Augustus Ferreria, president of the Automobile Association Philippines (AAP), said his group endorses the full implementation of LTMS.

“The system brings with it modern-

ization, transparency and above all, efficient public service not just to our members, but more importantly to the country’s motorists. The LTMS not only represents a significant technological leap but also assures a corruption-free environment—a vital factor in any national progressive goal. This move reflects a genuine commitment to enhancing the experience of

DRONE SHOW. Coca-Cola Philippines lights up the sky of Nuvali in Sta. Rosa, Laguna by holding their largest Philippine drone show — illuminating a spectacular celebration of the holiday season. More than 1,300 drones were deployed to paint vibrant scenes of #PaskongCocaCola including the iconic Coca-Cola Christmas Truck, Santa Claus and traditional parol lanterns, creating an unforgettable visual narrative that highlighted the warmth, hope and community spirit of the Christmas tradition. Norman Cruz

BUSINESS MISSION. Clark Development Corp. (CDC) president and chief executive Agnes Devanadera (left), Department of Trade and Industry (DTI) Undersecretary Allan Gepty (right) and Manila Economic and Cultural O ce (MECO) chairperson

REAL ESTATE

Condo developers cut prices as inventory tops 75,000 units

AS DEMAND for residential properties

slows, homebuyers may now find themselves in a more favorable market as developers are offering improved property features, lower prices and more flexible payment terms to attract potential buyers.

In recent months, the Philippine real estate market has cooled, with fewer buyers actively seeking new homes amid high-inflation and highinterest rate environment.

Developers re-strategize Leechiu Property Consultants (LPC) said in a recent market developers are re-strategizing by enhancing unit offerings through value-adding features such as improved payment terms, rent-to-own schemes and exclusive memberships.

LPC said buyers can also explore a range of projects across Metro Manila and nearby provinces while locking in attractive financing terms.

By incorporating features like fully furnished units, wellness-centric designs and additional discounts, developers aim to enhance residential property value, making them more appealing to potential buyers and setting the stage for market recovery. With fewer buyers in the market, there is also less competition for properties, allowing potential homeowners to negotiate better prices and terms.

Developers are also offering more

flexible terms, such as smaller down payments and extended payment periods. These adjustments make it easier for homebuyers to manage their finances and reduce the immediate burden of large upfront costs.

“As developers recalibrate their selling strategies, this might provide an opportunity for buyers waiting in the sidelines to enter the market and invest in residential properties,” LPC director Roy Golez said. High inventory

Developers are expected to continue offering more attractive deals in the coming months as they work to reduce inventory.

According to Colliers Philippines Metro Manila’s remaining inventory as of the third quarter of 2024 stands at 75,300 units, with an estimated absorption period of 5.8 years, much longer than the pre-pandemic period when it took just 1-2 years.

The inventory includes 27,200 ready for occupancy units valued at P 154.4 billion ($ 2.8 billion). Majority of these units are priced between P3.6 million and P 12 million, catering to the middle income market.

DMCI Homes marks 25th anniversary, honors roots with UP landscaping

a landscaping project at the University of the Philippines (UP) Chapel. The landscaping work, which includes the planting of trees and beautifying the chapel grounds, was part of the company’s broader anniversary celebration, themed “Interdependence.”

“We felt this was an appropriate way to celebrate our milestone while giving back to the community that has supported us through the years,” said DMCI Homes president, Alfredo D. Austria. “The UP Chapel is not just an iconic location for the university, but a

Key areas like Pasig, Quezon City South, Parañaque, and Manila North have a high concentration of unsold units.

Lower sales and launches

LPC also reported that residential condominium sales in Metro Manila in the first 11 months of 2024 accounted for only 63 percent versus sales for the full year of 2023.

While new condominium launches

place of reflection and renewal for all.”

The landscaping project is a joint effort between DMCI Homes and its sister company, Semirara Mining and Power Corp.

This initiative aims to enrich the UP Chapel’s architectural beauty while creating a more serene and inviting space for visitors and the university community.

Work began in May 2024, with full

completion expected by the second quarter of 2025.

The landscaping project aligns with DMCI Homes’ ongoing commitment to environmental responsibility and creating spaces that promote wellness and community interaction. As part of the year-long anniversary celebrations, the company has also been involved in various community-based events, including the “DMCI Homes Carnival,” “Wellness Day,” and “Kaakbay Fun Run.” In addition to this, DMCI Homes has continued to expand its footprint in the real estate market. In 2024, the company launched four major projects, including The Valeron Tower in Pasig City, a joint venture with Marubeni Corporation; Moncello Crest in Benguet; One Delta Terraces in Quezon City; and Kalea Heights in Cebu. The company also delivered 11 new buildings across Metro Manila, continuing to uphold its reputation as a leading developer in the Philippines.

increased quarter-on-quarter in Q4 2024, total launches for the first 11 months of the year represent only half of 2023’s project count, indicating developers’ cautious approach amid the slower sales environment.

For many home buyers the current real estate slowdown is turning out to be a rare chance to purchase a property with better terms and added value, offering a welcome break from the high prices and tight competition seen in recent years.

Jenniffer B. Austria

Quezon City recorded the highest residential condominium take-up across all market segments, followed by Pasig and Manila. Historically, Quezon City has maintained the largest inventory, with Ortigas Center (Pasig) ranking second and Manila fourth.

PROPERTY giant Ayala Land, Inc.

(ALI) has been honored with the title of “Best Real Estate Developer in the Philippines” by Euromoney, a globally renowned authority in banking and finance. This recognition reaffirms ALI’s position at the forefront of the nation’s real estate industry, highlighting its commitment to innovation, sustainability, and community-focused development.

This latest achievement reflects ALI’s enduring vision: to create vibrant, master-planned communities that elevate the quality of life for Filipinos while fostering economic growth and environmental sustainability. Over three decades of pioneering projects have made ALI synonymous with innovation, excellence, and positive impact.

“We are honored to receive this prestigious recognition from Euromoney as we execute on Ayala Land’s mission to Enhance Land and Enrich Lives for more Filipinos,” said ALI senior vice president, chief finance officer and treasurer, Augusto D. Bengzon.

“With a sharp focus on delivering quality products that are guided by our sustainability imperatives, we will continue to strive to build more spaces that enable communities and families to thrive,” he added. ALI’s success is built on its diverse portfolio spanning residential, mall, office, hotel, resort and industrial logistics projects across 53 estates nationwide. Despite industry-wide challenges, ALI continues to prove its resilience and adaptability. For the first nine months of 2024, the company posted a 15 percent increase in net income, reaching P21.2 billion, alongside a 27 percent growth in consolidated revenues to P125.2 billion. Property development revenues rose by 34 percent to P76.6 billion, driven by higher residential and commercial

SHOWBIZ

By Nickie Wang

Geneva Cruz finds new love

AT THE launch of “When Christmas Comes,”

a single that Geneva Cruz wrote herself, journalists were curious about what made her look blooming and full of life. She shared that Christmas is her favorite time of the year, which is why she feels extra festive, especially since she’s making a little comeback with a fresh sound.

‘My

to love again,” she shared with Manila Standard Entertainment. “For many years, since 2020, things were quite closed off. But this year, I’m truly happy and grateful.”

The 48-year-old former Smokey Mountain member hinted that her happiness stems from a new romance. While she remained coy about her partner, revealing only that he is a national athlete, it was later revealed that jiu-jitsu athlete and SEA Games gold medalist Dean Roxas stars alongside her in the music video.

“I have opened myself

“When Christmas Come,” a catchy and upbeat tune, has already garnered positive feedback from fans and friends. Geneva hopes it will become a beloved holiday anthem.

Geneva has always been a Christmas enthusiast. “I love the traditions, movies, music, and the spirit of love, peace, and joy,” she shared. The song itself was born from a newfound love and a desire to create something special for the season.

“Last year, I tried to write a Christmas song with my friend Dan Gil, but we couldn’t find the right inspiration,” she recalled. “This year, the inspiration struck, and we finally created ‘When Christmas Comes’.”

Geneva has been writing songs since her teenage years, having penned tracks like “Love Can Wait” and “To Manila” for her past albums. “Writing has always been an outlet for me,” she shared.

“When Christmas Comes” tells the story of a

Future You’

woman reconnecting with a long-distance partner, anticipating their return for the holidays with excitement.

Geneva fondly recalls her childhood Christmases. “My parents, especially my late mom, made the holidays truly special,” she reminisced. “She would cook delicious meals and buy us new clothes, which we would excitedly display beside our beds.”

Her favorite Christmas songs include “We Need a Little Christmas” by Johnny Mathis, the Jackson 5’s Christmas album, and Jose Mari Chan’s “Christmas in Our Hearts.”

While she admires the work of National Artist for Music Ryan Cayabyab, Geneva emphasizes the importance of developing her unique style. “Each artist has their own voice, and I’m committed to expressing mine,” she said.

Geneva was also actively involved in the music video’s creation, working closely with her friend and fellow Smokey Mountain alum, director Jeffrey Hidalgo

In addition to her music career, Geneva remains dedicated to fitness and women’s empowerment through her wellness endorsements. She also serves as a proud reservist Sergeant in the Philippine Air Force Reserve Command.

“When Christmas Comes” is available on Spotify and Geneva’s official YouTube, Instagram, and Facebook pages.

Very Wang Nickie Wang

RGinto

brings love and family to the big screen this Christmas

The film also showcases Aquino’s attention to detail, particularly in balancing the two distinct timelines.

two

Production designer Ericson Navarro and director of photography Jeyow Evangelista collaborated closely to ensure that the visual design of 2009 and 2024 differed while maintaining thematic parallels.

EGAL Entertainment’s official entry to the 2024 Metro Manila Film Festival (MMFF), My Future You, is a touching mix of family drama and romance. The film, starring Francine Diaz tells the story of two individuals who are mysteriously connected through a dating app that bridges two different timelines—2009 and 2024.

Executive producer Roselle Y. Monteverde emphasizes that My Future You celebrates the themes of love, family, and hope for a brighter future.

“For decades, we’ve been part of your Christmas traditions— making you laugh, cry, and believe in love,” she says. “This is a , Roselle Y. Monteverde, opens in cinemas nationwide

In the movie, Lex (Fedelin) discovers a dating app that inexplicably links him to Karen (Diaz) in 2024. As their relationship deepens, Karen asks Lex to help her alter significant events in her past to prevent her parents’ separation. However, their attempts to rewrite history lead to unforeseen consequences, changing their lives in unexpected ways. As they approach their final opportunity to fix everything, Lex and Karen must confront the question of whether their love can survive the passage of time. Written and directed by recipient of the MMFF Best Screenplay Award in 2019, My Future You is a product of years of development. Aquino was inspired by a conversation with a friend that sparked the idea of two people in different timelines connecting through an unexpected chat.

“I hope the audience will realize how to value the people around them, especially their family and loved ones. Sometimes, we search so hard for love, not realizing it’s already there,” Aquino said of the film. Aquino highlights the significance of FranSeth, the onscreen pairing of Diaz and Fedelin, in bringing the story to life. He believes their chemistry and professionalism played a crucial role in creating a compelling narrative.

“From our first table read, I knew I had found my Karen and Lex. Their dedication and natural connection brought the story to life. It’s their time, and they didn’t disappoint,” the director shared.

Rare Michael Jackson recordings found, but fans may never hear them

A RETIRED California highway patrolman has stumbled into possession of a trove of unreleased Michael Jackson songs – which the world may never have a chance to hear.

Gregg Musgrove, now a stay-at-home dad, procured the tapes after an associate purchased a storage unit in the city of Van Nuys that contained the recordings, according to the Hollywood Reporter

The unit had once belonged to music producer Bryan Loren – who also worked with artists including Whitney Houston and Sting – but whose whereabouts are currently unknown.

Inside were cassette tapes and digital audio tapes (DAT) of 12 unreleased tracks Jackson had worked on before releasing his Grammy-nominated Dangerous album in 1991.

Sadly for Jackson’s many fans, an attorney hired by Musgrove to contact the Jackson estate was told that the estate owns the copyright on all of the late singer’s musical recordings and compositions, so they cannot be released publicly.

The estate later clarified for the Hollywood Reporter that it holds the master recordings of the recently unearthed songs in its vaults, and that “nothing commercial or otherwise can be done with the DAT copies.”

Some of the songs had only been rumored to exist, while others had been partially leaked, Musgrove told the Hollywood Reporter, but added “a couple aren’t even out there in the world.”

My Future You marks the first feature film for the pair, who gained popularity through the hit ABS-CBN

Some tapes include the voice of Jackson and apparently Loren discussing the songs and the creative process.

“To hear Michael Jackson actually talk and kind of joke back and forth, it was really, really cool,” said Musgrove.

The tracks include one titled “Don’t Believe It,” an apparent reference to rumors about Jackson concerning sexual assault against minors. On another, “Truth on Youth,” Jackson appears to engage in a rap duet with LL Cool J

It was not clear what Musgrove might have paid his associate for the tapes, but he still stands to come out ahead. He plans to offer the tapes to major auction houses, and buyers are expected to line up. AFP

ABIGAIL ADRIATICO, Writer

Former Smokey Mountain member Geneva Cruz

The late singer Michael Jackson was one of the most prominent figures in pop history

Crisanto B. Aquino, a

LIFE & SHOWBIZ

Ready to ship out? The Disney Adventure is calling

DISNEY Cruise Line is bringing its first-ever ship to homeport in Asia, the Disney Adventure, which will depart on its maiden voyage from Singapore on Dec. 15, 2025.

5th fellowship and membership meeting

By Abigail Adriatico

SKAL International Makati, an association of travel and tourism professionals within the industry, has conducted its 5th fellowship and membership meeting while also welcoming new members to the organization.

Held at Okada Manila’s Chairman’s Lounge on Dec. 6, the meeting featured the addition of Okada Manila Vice Chairman Takako Okada and Okada Manila Vice President for Sales and Marketing Cielo Reboredo Speaking with Manila Standard Life, Reboredo shared how she came to join the organization through an invitation from SKAL International Makati board members vice president Angel Ramos Bognot, and treasurer Michael Albaña

“I was able to join four general membership meetings in the past so I observed and we spoke with the members of SKAL as well as the officers. I could see that this was a very important organization that was worth joining,” said Reboredo.

After consulting with the vice chairman, both Reboredo and Okada joined the organization with the desire to be a part of SKAL’s mission for its stakeholders within the tourism and hospitality industry.

“We would like to be part of a very prestigious and reputable organization which aims to unite the stakeholders in the hospitality and tourism industry. We would like to network and synergize with the members of SKAL International Makati,” she said.

Reboredo added that because of Okada Manila’s position as the largest integrated resort in the Philippines, they would like to have a representation within the organization as the connections within it would be beneficial to their operations.

“When we joined SKAL, we met a lot of people, not just people from the restaurant, hotel, and tourism industry but also corporate clients. In that way, we can help one another to have a synergistic relationship with them. If they need requirements from Okada Manila, we will give service to them in the same manner that maybe the members can help us with any of our requirements for the future,” said Reboredo.

In her opening remarks for the event, Okada expressed how she was looking forward to collaborating and being a part of the organization.

“As I begin this journey with you all, I look forward to contributing to the advancement of our shared goals and values. Together, let us continue building bridges for

goodwill and shaping a brighter future for the industry,” said Okada. The event also awarded board of directors member Cynthia Carreon with a plaque that recognized her contributions not only to the field of tourism but also to sports as she is also the president of the Gymnastics Association of the Philippines (GAP) and a mentor to twotime Olympic gold medalist Carlos Yulo

By Angelica Villanueva

JAPANESE restaurant

Botejyu has officially launched its award-winning Japanese-style fried chicken, Botekara heralding a new era of comfort food for Filipinos. The menu debuted on Dec. 1 at SM East Ortigas, with representatives from Botejyu Japan joining the Philippine team to celebrate this exciting milestone.

A fusion of the words “Botejyu” and “ karaage ,” Botekara goes beyond typical fried chicken. It’s a creation that showcases bold, flavorful dishes centered around karaage , Japan’s iconic crispy fried chicken, reimagined for both traditionalists and adventurous diners.

Crafted by the legendary Samurai Iron Chef Manabu Kakee Botekara epitomizes Botejyu’s commitment to blending tradition with innovation. With three distinctive flavors – and a sampler option for the undecided – Botekara caters to every palate. At the heart of the menu lies Botejyu’s expertly crafted karaage – crispy, juicy, and seasoned to perfection. The offerings include signature flavors like the savory Botekara Garlic, the umamipacked Botekara Soy Sauce, and the spicy yet creamy Botekara Spicy Tartar, each putting a fresh spin on the classic dish. For those looking to indulge, the Botekara All-Star Platter is a must-try. Featuring a medley of karaage flavors, this dish is ideal for sharing or exploring diverse taste profiles. Every bite promises golden, crispy skin paired with tender, flavorful meat infused with Botejyu’s signature spice blend.

Also joining the event were SKAL International Makati members secretary general Deedee Leodonio, Bognot, Albaña, former president many others together with several guests like Department of Transportation (DOT) secretary Jaime “Jimmy” Bautista

First founded in 1934, SKAL International currently has members spanning more than 13,500 professionals within the travel and tourism industry in terms of business development, travel expertise, social network, and professionals database all over the world.

The Botekara menu extends beyond karaage with comforting Japanese favorites designed to round out the dining experience. Standouts include the whimsical Mount Fuji French Fries, a towering stack of crispy fries inspired by Japan’s famous peak, and the indulgent Japanese-style Crab Croquettes and Fried Prawn Platters, which cater to seafood enthusiasts. Now available at all Botejyu Philippines locations, the Japanese restaurant invites food lovers to experience a gastronomic adventure that celebrates the essence of Japanese cooking.

MONDAY, DECEMBER 16, 2024

lifeandshow.manilastandard@gmail.com

NICKIE WANG, Editor

ANGELICA VILLANUEVA, Writer

ABIGAIL ADRIATICO, Writer

C4 LIFE

Five scenic stops for a festive road trip

By Nickie Wang

THIS time of year is filled with parties and family gatherings, which can be both exciting and overwhelming.

To escape the holiday hustle and bustle, consider a relaxing road trip across Luzon with your loved ones. These journeys offer a chance to unwind, reconnect, and create lasting memories under the starry sky.

Whether you’re interested in experiencing local traditions or simply enjoying quality time together, these five Luzon road trip destinations are perfect for a short holiday getaway:

1. North: Vigan, Ilocos Sur Skip the crowded mountain resorts

and head north to the charming heritage city of Vigan. Known for its colonial-era streets and preserved architecture, this UNESCO World Heritage Site offers a unique glimpse into the past. Stroll along Calle Crisologo, visit Baluarte for family-friendly fun, and explore the nearby Paoay Sand Dunes. Vigan’s old-world charm and vibrant culture make it a mustvisit holiday destination.

2. South: San Pablo, Laguna Just a few hours from Metro Manila, San Pablo is a tranquil retreat for nature and history enthusiasts. Famous for its Seven Lakes, each offers its own charm, from the peaceful Lake Sampaloc to the picturesque Lake Pandin. History buffs can visit the Sulyap Gallery Cafe, a restored Spanish-era house showcasing the area’s rich past. San Pablo also boasts a lively food scene, perfect for a holiday food trip.

What makes Radisson Blu Cebu the city’s top hotel?

WITH 400 guestrooms and suites, Radisson Blu is Cebu City’s biggest hotel. Not only does it take pride in its size, but it has also garnered numerous valuable recognitions, further solidifying its position as the city’s premier hotel. Naturally, it is a source of pride for the city and for all Cebuanos, wherever they may be in the world.

Earlier this year, the hotel received the Operational Excellence Award among the Radisson Hotel Group’s (RHG) Southeast Asia Pacific (SEAP) hotels. This honor was bestowed upon the hotel during the brand’s General Managers Conference. This Operational Excellence Award is given to the hotel that delivers exemplary performance across the region, exhibiting an impressive demonstration of all its

key performance indicators (KPIs). Such recognition includes an assessment of the hotel’s overall portfolio optimization, brand and product, marketing, sales, and human capital management, based on RHG’s high-quality standards.

In August of this year, the hotel also received the Safehotels Executive Level Certification for the sixth consecutive year. This prestigious certification, recognized by the United Nations, signifies the hotel’s commitment to toptier safety and security standards. Safehotels, a leading global certifier, assesses hotels based on rigorous criteria, including emergency response, crisis management, staff training, and guest communication. This highly valued certification underscores the

3. West: Zambales For beach lovers, the coves of Zambales provide a serene escape. Take a boat ride from San Antonio to the well-known Anawangin and Nagsasa Coves, ideal for camping and communing with nature. These unspoiled spots are perfect for those seeking a peaceful seaside getaway.

4. East: Aurora Aurora province offers more than just surfing in Baler. Drive

5. Metro: Antipolo For a quick and easy drive, head to Antipolo and nearby Rizal towns. Visit Hinulugang Taktak, hike at

to serve or help. The Filipino brand of service excellence shines brightly in this hotel.

I also like Radisson Blu Cebu because of its location. It is right next to a large shopping mall and is a stone’s throw from the Port of Cebu, which is very convenient every time

like it when guests don’t have to jump through hoops just to call a waiter’s attention. Furthermore, every detail of our event flowed smoothly, as planned. It was a great way to cap the year for our 200 foreign retirees in the Visayas area, many of whom sent us

YOUR MONDAY CHUCKLE

Antipolo’s Pinto Art Museum houses

The Ditumabo Falls in Baler, Aurora is one of the province’s famous attractions

The picturesque Lake Pandin in San Pablo, Laguna is one of the tranquil lakes in the province

Filipinos remain resilient despite challenging 2024

FILIPINOS remained resilient despite the challenges that defined 2024, both locally and globally.

Major events, trends, and developments shaped the Philippine economy this year, and they are expected to continue affecting Filipino businesses and households next year. From elevated inflation and interest rates to stock market volatility and foreign exchange fluctuation to global conflicts and extreme temperatures that shook commodity prices, challenges were aplenty to keep the Philippines from achieving its goals this year.

Despite these hurdles, the economy has shown remarkable resilience this year, according to National Economic and Development Authority (NEDA)

Secretary Arsenio Balisacan. The gross domestic product grew 5.8 percent in the first three quarters of 2024, surviving the prolonged dry season due to El Niño and the consecutive strong typhoons amid La Niña.

“Notwithstanding these disruptions, our growth rate still positions us as one of the fastest-growing economies in Asia. It is a testament to our people’s hard work and dedication and the sound policies implemented by our government despite such challenging conditions,” Balisacan said.

NEDA is optimistic about the fourth-quarter economic performance, with holiday spending, more stable commodity prices, and a robust

remittance inflow and labor market fueling confidence that the 6-percent to 6.5-percent updated growth target remains within reach.

“We expect the Philippine economy to bounce back during the last quarter, given the anticipated increase in holiday spending, continued disaster recovery efforts, low inflation, and a robust labor market,” the Development Budget Coordination Committee (DBCC), which is composed of the government’s economic managers, said.

Inflation averaged 3.2 percent from January to November 2024, within the

government’s target range of 2 percent to 4 percent for the year.

With inflation expected to stay comfortably within the target range, the Bangko Sentral ng Pilipinas (BSP) reduced policy rates by a cumulative 50 basis points and cut the reserve requirements to boost liquidity to spur growth in private spending, particularly on big-ticket consumer items and investments in capital-intensive infrastructure.

This move is expected to support economic growth by making borrowing more affordable for businesses and consumers.

The labor market is also robust, with the unemployment rate at 3.9 percent as of October 2024.

S&P Global Ratings upgraded its outlook on the Philippines to positive from stable, reflecting the economy’s above-average growth potential and the significant improvements.

“We believe the strengthening of the country’s institutional settings, which had contributed to a significant enhancement in the sovereign’s credit metrics over the past decade, will continue. This is demonstrated by the strong economic recovery in the

last two years, and ongoing reforms to support business and investing conditions,” S&P said in its report, adding that the ratings may be raised “if the government achieves more rapid fiscal consolidation.”

Department of Budget and Management Secretary Amenah Pangandaman expressed confidence “we can achieve an ‘A’ rating for all credit rating agencies.”

Department of Finance Secretary Ralph Recto, meanwhile, is optimistic about the Philippines’ economic prospects in 2025, fueled by the recent enactment of several laws in recent months, such as the CREATE MORE Act, the VAT Refund Mechanism for Foreign Tourists, and the Amendments to the Agricultural Tariffication Act.

“It is high time that the Philippines catches up with countries around the world that have long implemented a standard VAT refund system. This strategic initiative aims to encourage foreign tourists to spend more in our country, stimulating our domestic economy. With increased tourism spending, we will have higher revenues to collect and we can create more jobs, raise incomes, and accelerate economic growth,” Recto said.

Balisacan said the Philippines has a good chance of attaining upper middleincome country (UMIC) status by 2025.

“Attaining this status will require that we achieve our growth target this year, that we maintain our growth trajectory in 2025, and our currency will not weaken significantly relative to the currencies of our major trading partners,” he said.

PH edges closer to achieving ‘A’ credit rating for the first time

By Darwin G. Amojelar

THE Philippines is edging closer to an A credit rating after recent upgrades from three international debt watchers.

“I have always been confident that we can achieve an ‘A’ rating for all credit rating agencies and now, with this latest upgrade from S&P, we are getting closer to achieving this dream,” Department of Budget and Management (DBM) Secretary Amenah Pangandaman said. S&P affirmed the Philippines’ “BBB+” long-term and “A-2” shortterm sovereign credit ratings, with the transfer and convertibility assessment remaining at “A-.”

In August 2024, Pangandaman called for a whole-of-government approach to achieving an “A” credit rating following Moody’s rating of “Baa2” with a stable outlook and Japan’s Rating and Investment Information Inc. (R&I) upgrade to “A-” with a stable outlook.

The S&P report cited the “country’s solid economic outlook anchored by the government’s infrastructure drive and pro-business policies.”

For this year, infrastructure spending reached P1.143 trillion from January to September, increasing by 11.9 percent from the P1.021 trillion outturn in the same period last year. This is expected to contribute to reaching the 6 percent to 7 percent growth target for 2024.

Pangandaman also reiterated the DBM’s commitment to implementing structural reforms, which would enable agencies to accelerate the utilization of their respective budget allocations and ultimately boost economic growth.

Finance Secretary Ralph Recto said the major benefit of having a high credit rating is wider access to cheaper and more cost-effective borrowing costs for the government and the private sector.

“It reaffirms our stable economic and political environment and that we are on track to achieve a growthenhancing fiscal consolidation. We have a comprehensive Road to A initiative to ensure that we secure more upgrades soon,” Recto said.

The latest credit rating development allowed the Philippines to maintain its high investment-grade status across all major regional and international debt rating agencies.

According to S&P, improved institutional assessment drives its positive outlook on the Philippines.

“We believe the strengthening of the country’s institutional settings, which had contributed to a significant enhancement in the sovereign’s credit metrics over the past decade, will continue. This is demonstrated by the strong economic recovery in the last two years, and ongoing reforms to support business and investing conditions,”

S&P said.

S&P highlighted that the Philippines enjoys a solid economic outlook anchored by the government’s infrastructure drive, pro-business policies, and its well-established Medium-Term Fiscal Framework.

It expects the Philippines’ economic growth to remain strong in 2024 at 5.5 percent and continue to grow at a high rate of 6.2 percent a year over the next three years, supported by private consumption and improving external demand.

While global economic growth is expected to be slower due to external uncertainties, S&P believes that the

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We have a comprehensive Road to A initiative to ensure that we secure more upgrades soon.

Philippine economy would expand well above the average of its peers as the country has a diversified economy, supportive policy dynamics, and an improving investment climate.

S&P cited that the recentlyenacted Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, coupled with new reforms introduced such as the Public-Private Partnership (PPP) Code, should support stronger foreign direct investment inflows into the Philippines over the next two to three years.

“Other reforms include laws that now permit foreign investors to invest more in business sectors such as telecommunications, power generation, and transportation. Certain renewable energy sectors such as solar and wind allow 100 percent foreign ownership,” S&P said.

The country’s solid household and corporate balance sheets as well as sizable remittance inflows also underpin its positive medium-term trajectory.

S&P also noted the Philippines’ improving fiscal performance due to effective and prudent fiscal policies.

“The Marcos administration, elected in 2022, has demonstrated a commitment to the well-established medium-term fiscal framework that has delivered constructive development outcomes,” it said.

The government’s refined Medium-Term Fiscal Program ensures that the country will reduce its deficit and debt gradually in a realistic manner while creating more jobs, increasing people’s incomes, and decreasing poverty in the process.

The rating agency underscored that the country’s fiscal deficit remains manageable and that normalization of economic growth will help to lower the general government deficit to 4 percent of GDP in 2024 from 4.5 percent in 2023, and average around 3.3 percent of GDP over the next three years. It said the Philippines’ debt remains stable, with its general government debt ratio continuing to be relatively lower compared to its peers. The ratio is expected to fall to 40.6 percent by 2027 from 41.7 percent in 2023 as fiscal consolidation takes hold.

DTI rolls out plan to transform PH as hub for smart industries

By Othel V. Campos

THE Department of Trade and Industry (DTI) unveiled a 2025 plan to position the Philippines as a regional hub for smart and sustainable industries.

The strategy focuses on attracting foreign investment, supporting micro, small and medium enterprises (MSMEs) and optimizing trade agreements to drive inclusive economic growth and job creation.

Newly-appointed Department of Trade and Industry Secretary Ma. Cristina Roque emphasized her commitment to delivering on the agency’s priorities, urging all stakeholders to work collectively in realizing these goals.

“The success of Bagong Pilipinas rests with all of us. Together, we can position the Philippines as the best choice for trade and investment, ensuring no one gets left behind,” she said. Investment promotion

The DTI will prioritize attracting investments in high-growth sectors such as renewable energy, semiconductors, electric vehicles (EVs) and batteries. The department is also strengthening collaboration with the Foreign Trade Service Corps (FTSC) to promote the Philippines as an investment destination.

“We must actively engage global investors to create more opportunities and jobs for Filipinos,” Roque said. She highlighted the competitive advantages of the Philippines, including a skilled workforce, a favorable business environment and the country’s unique appeal to investors.

MSME development

Acknowledging the vital role of MSMEs in the economy, the DTI aims to boost their global competitiveness through capacity building and better market access. Roque cited the need to manage expectations, ensuring MSMEs can scale sustainably.

“Let’s match their production capacity with demand to avoid overextension, which can harm relationships with buyers,” she said.

The DTI is also exploring the establishment of MSME hubs abroad, allowing Filipino entrepreneurs to showcase their products in key markets. These hubs will provide yearround exposure, reducing costs associated with international trade fairs.

Trade agreements

Roque called for leveraging trade agreements to open new opportunities for local businesses. “We aim to promote digital and sustainable growth by expanding our agreements to cover emerging sectors like e-commerce and digital trade,” she said. The department also plans to revisit existing agreements to ensure they align with modern trade dynamics, ensuring Filipino exporters benefit fully from global opportunities. Sustainable growth

The DTI’s 2025 agenda is aligned with President Ferdinand Marcos Jr.’s “Bagong Pilipinas” vision. The department seeks to make the Philippines a trusted global partner in trade while addressing the need for local job creation.

“By attracting investments that generate jobs here, we can offer our overseas Filipino workers (OFWs) more opportunities to return home and be with their families,” Roque said.

The DTI is also set to explore the global halal market, providing Filipino exporters with access to this rapidly growing sector. Roque noted the importance of collaboration within the DTI and with external partners. “This campaign is a promise to the world that we are open for business—ready for partnerships and capable of leading,” she said.

Newly-appointed Department of Trade and Industry Secretary Ma. Cristina Roque

Department of Budget and Management (DBM) Secretary Amenah Pangandaman

PH agriculture faces tight recovery as 2024 concludes

to reduce losses.

THE Philippine agriculture and fishery sector is closing out 2024 with a year marked by challenges, including climate disruptions and structural issues.

Data from the Philippine Statistics Authority (PSA) show that the agriculture, forestry and fisher (AFF) sector contracted 2.8 percent year-onyear in the third quarter of 2024.

Despite efforts to mitigate challenges, Department of Agriculture (DA) assistant secretary Arnel de Mesa said the last quarter remains “tight” as losses due to natural calamities continue to weigh on agricultural output.

“Our outlook for the last quarter remains cautious, though we are hopeful of staying in positive territory for the fourth quarter. Growth continues to be driven primarily by the crop subsector, especially rice and corn. However, the storms in October and November have caused substantial losses,” he said.

De Mesa noted that while the livestock subsector—particularly poultry—contributed positively, it was not enough to offset losses caused by extreme weather conditions and disruptions in other areas like fisheries.

The year also saw shifts from El Niño effects early in the year to La Niña-related disruptions until the third quarter, creating additional strain on agricultural productivity.

Immediate challenges

To counteract the sector’s struggles,

the government introduced both shortterm and long-term assistance programs.

The DA expanded its insurance coverage to protect vulnerable farmers and incentivize planting despite risks.

“We are also grateful that the Office of the President has provided relief to affected farmers through the Presidential Assistance for Affected Farmers and Feeders program. We’re happy that even cash-based assistance is reaching those most impacted,” De Mesa said. The initiative provided cash assistance amounting to P10,000 per

farmer, translating into billions in relief to help mitigate the effects of El Niño and other climate disruptions. Supply and prices

The DA prioritized stabilizing commodity prices to ensure food security and reduce price volatility in sugar, rice, onions, and other essential goods.

“Last year, prices were very high for many commodities. Through interventions such as imports and strong enforcement against smuggling, we have managed to stabilize the prices,” he said.

De Mesa acknowledged that the fight against smuggling — especially for rice, vegetables, and meat — has been instrumental in ensuring fair prices.

Priorities for 2025

Looking toward 2025, de Mesa highlighted a long-term vision to modernize the agricultural sector by addressing critical infrastructure gaps and improving productivity through strategic investments. This includes building better irrigation systems, cold storage facilities and post-harvest infrastructure

“We are focusing on modernizing agri-infrastructure because they are essential to ensure better productivity and distribution. Post-harvest losses, for example, stand at 17 to 25 percent for rice compared to 8 percent in neighboring Vietnam. These losses can be drastically reduced with improved post-harvest infrastructure,” De Mesa said.

Efforts have already begun with investments in solar irrigation and support from multilateral financing such as the World Bank and ADB. De Mesa emphasized that trust in the DA’s performance has improved, encouraging these financial institutions to continue partnering with the department.

Long-term development

De Mesa also emphasized the importance of diversification through strategic exports, highlighting recent successes like the acceptance of Philippine durian into the Chinese market.

“Exports are a bright spot for the Philippine agricultural sector. While Thailand dominates the durian market in China, we are beginning to make progress. With strategic investments, we aim to grow our export industry further,” De Mesa said.

Legislative support has been key, with new laws like the Agricultural Economic Sabotage Law and amendments to the Rice Tarification Law aiding efforts to streamline operations and investments.

The DA requested a budget increase for 2025, with P250 billion currently allocated, up from P170 billion this year.

By Othel V. Campos

TKey programs, initiatives strengthen PH tourism

HE Department of Tourism (DOT)

concluded a transformative year with the successful implementation of key programs and initiatives that strengthened the industry.

The department expects international visitor arrivals to reach 7.7 million in 2024, up from 5.45 million recorded in 2023 on sustained recovery of various industries from the pandemic.

DOT Secretary Christina Frasco said, however, tourism should go beyond attracting visitors to include livelihood creation, employment generation and the economic resilience of destinations.

The DOT expanded its focus to ensure that tourism programs not only yield short-term impacts but also contribute to the medium- and longterm sustainability of destinations.

Diversifying products

In 2023, the DOT diversified its tourism offerings to include gastronomy, health and wellness, dive tourism and cultural heritage. These efforts have fostered a multidimensional approach to market and product development, strengthening the industry’s resilience against disruptions.

Adding to this is the Philippines’ positioning as a culinary powerhouse with notable achievements in various

cities. Angeles City was named Asia’s Leading Emerging Culinary Destination. Bacolod City was declared the hub for Slow Food in Asia and is set to host the Asia-Pacific Terra Madre conference in 2024. Iloilo City was honored as a UNESCO Creative City for Gastronomy. These

recognitions highlight the country’s growing reputation as a global leader in gastronomy tourism.

Integration of technology

The DOT pioneered the incorporation of artificial intelligence (AI) in the tourism sector, aligning its efforts with the national AI strategy.

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We envision a tourism industry that fosters cultural understanding, sustains peace and brings joy to next generations

Establishments that adopt technologydriven innovations in accommodation standards are now incentivized. AIpowered customer service tools, such as virtual assistants in hotels and resorts, have been introduced to enhance the visitor experience. AI applications are also being used to manage foot traffic at popular attractions, ensuring better crowd control and safety.

Through collaboration with private sector stakeholders, the DOT has accelerated the adoption of smart technologies to provide a seamless and modern tourist experience.

Upgraded infrastructure

The modernization of airports and seaports has significantly enhanced accessibility for tourists, while expanded road networks and improved tourist amenities have further enriched the visitor experience. Efforts to increase international and domestic routes and flights have made the Philippines a more attractive destination for both global and local travelers.

The DOT has championed green investments by funding sustainable tourism projects that prioritize environmental conservation. These initiatives aim to balance increased tourist activity with the preservation of the country’s natural and cultural resources.

2025 Vision

As part of the 2025 strategic plan, the DOT will focus on expanding digital platforms to provide real-time tourism information and streamline services for travelers. It also plans to empower local communities by integrating small and medium enterprises into the tourism value chain, thereby fostering inclusive economic growth.

Furthermore, the DOT intends to deepen international collaboration by building partnerships with local governments and international stakeholders to develop innovative and resilient tourism programs.

Sustainable growth

The DOT’s approach aligns with President Ferdinand Marcos Jr.’s Bagong Pilipinas initiative, positioning tourism as a transformative force for national development. Frasco reiterated the DOT’s commitment to a tourism framework rooted in resilience, sustainability and inclusivity.

“We envision a tourism industry that fosters cultural understanding, sustains peace and brings joy to generations to come. By embracing sustainability and innovation, the Philippines is poised to deliver unforgettable experiences, transform lives, and cement its place as a premier global destination,” Frasco said.

DOT Secretary Christina Frasco

PSE bullish on 2025 IPOs, eyes P120b in new capital

By Jenniffer B. Austria

THE Philippine Stock Exchange (PSE) expects a significant rebound in capital-raising activity in 2025, with an estimated target of P120 billion, representing a 51-percent increase from the P79 billion expected to be raised this year.

PSE president and chief executive Ramon Monzon expressed optimism about the market’s recovery, especially following a slower year in 2024. Monzon said that while 2024 saw a lukewarm IPO market, 2025 is

Next year, I think we can do about P120 billion. This year, we only have three initial public offerings, and these are small ones.

OECD: Shorter IPO process to boost capital market

THE Organisation for Economic Cooperation and Development (OECD) recommended shortening the approval process for initial public offerings (IPOs) and strictly enforcing existing corporate governance policies to bolster investor confidence in the Philippine capital market.

Commissioned by the Securities and Exchange Commission (SEC) in 2023, the OECD conducted a detailed assessment of the Philippine capital market and made key recommendations to improve the market framework for sustainable economic growth.

Among the main recommendations, the OECD emphasized strengthening the enforcement of current corporate governance policies to ensure transparency and accountability within companies.

It also advocated for a shorter approval process for IPOs, arguing that it would provide companies with more certainty and encourage them to go public.

The OECD highlighted the potential of around 400 private enterprises, including state-owned enterprises, to go public if the SEC and the Philippine Stock Exchange (PSE) work together to streamline the listing process.

Carmine Di Noia, OECD director for financial and enterprise affairs, expressed optimism about the Philippine economy’s momentum and the government’s willingness to address areas for improvement.

The OECD’s review involved gathering input from various market stakeholders, including government officials, industry groups, investors, and securities exchanges. The goal was to provide an objective and informed perspective on the Philippine capital market.

The OECD also cited the need to

deepen the investor base by relaxing cer-

tain measures for institutional investors to increase their market participation.

SEC chairman Emilio Aquino welcomed the OECD’s findings, saying the report aligns with the SEC’s priorities to bring the Philippine capital market at par with Asian peers.

The OECD’s key recommendations include strengthening corporate governance enforcement, particularly through the publication of corporate governance reports to ensure transparency and accountability.

Jenniffer B. Austria

expected to see a surge in capitalraising activities.

“Next year, I think we can do about P120 billion. This year, we only have three initial public offerings [IPOs], and these are small ones. But we also had big preferred and follow-on offerings,” Monzon said.

The P120-billion target for 2025 will include a mix of IPOs, follow-on offerings, stock rights offerings and private placements, he said. Monzon noted that despite the slow IPO market this year, the exchange saw large offerings in the preferred shares and follow-on categories, which contributed to the overall capital-raising activity.

This year, three companies went public—OceanaGold Philippines Inc., renewable energy firm Citicore Renewable Energy Corp. and NexGen Energy Corp.

The PSE also saw some delays, with Top Line Business Development Corp., a Cebu-based fuel retailer, postponing its planned P3.2-billion IPO due to volatile market conditions. The company now aims to launch its IPO in the first quarter of 2025.

Among the big companies expected to go public next year are Philippine e-wallet GCash, which is looking to potentially raise $1 billion to $1.5 billion, Maynilad Water Services Inc. and integrated resort Okada Manila.

Other highly anticipated companies that deferred their public listing plans include the real estate investment trust of SM Prime Holdings Inc. and Razonled Prime Infrastructure Capital Inc. With capital raising expected to pick up next year, Monzon remains confident that the PSE will continue to play a pivotal role in supporting economic growth by providing companies with access to essential funding and offering investors more opportunities in the market.

PSE president and chief executive Ramon Monzon

DOE pushes clean energy transition

By Alena Mae S. Flores

THE Department of Energy challenged developers and financiers to design long-term financing mechanisms for high-capital-expenditure power projects.

It said this would support the continued growth of renewable energy, meet the government’s target of up to 50 percent renewable energy share in the generation mix by 2040 and ensure future energy security.

Energy Secretary Raphael Lotilla cited capital-intensive projects such as transmission facilities, pumped-storage hydroelectric plants and nuclear plants as examples of infrastructure investments that will remain valuable for decades, benefiting multiple generations.

DOE challenge

“My challenge to all of you here, particularly to developers and financial institutions, is to collaborate in designing mechanisms that allow future generations who will benefit from these infrastructure investments to share in the burden of the transition with the current generation. This is a true form of multi-generational or intergenerational equity. By identifying the necessary steps to unlock long-term financing, we can reduce the upfront costs of the transition for today’s consumers while ensuring that critical projects move forward, delivering equal benefits to multiple generations,” Lotilla said.

Lotilla said the country’s clean energy transition approach is grounded in the principles of increased inclusivity, resiliency and sustainability.

“It is in line with goals set out in the Philippine Development Plan, which targets an annual economic growth rate of over 6 percent from 2024 to 2028. The scenarios in the Philippine Energy Plan 2023 to 2050 serve as strategic projections designed to guide us in achieving a secure, sustainable, and inclusive energy future, flexible enough to adjust to changes in technology, changes in financing, and other factors. We are also working to achieve 100-percent household electrification by 2028 by investing in last-mile connectivity and promoting microgrid systems,” Lotilla said.

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We are working to achieve 100-percent household electrification by 2028 by investing in lastmile connectivity and promoting microgrid systems.

RE integration

The energy chief said the government’s ongoing efforts will accelerate the integration of renewable energy, especially in areas that would otherwise rely on fossil fuels.

“At the heart of our energy transition is a strong commitment to developing and maximizing our indigenous and renewable energy resources, which in the long run will contribute to energy security and affordability. We have implemented policies that foster a capable business environment for investments in the sector and have welcomed investors, both foreign and domestic, not only in the renewable energy sector but also in other sectors of the energy industry,” Lotilla said.

Lotilla said that diversifying energy sources is fundamental to ensuring the availability of adequate, reliable and sustainable energy for all.

Diversified sources

“Central to our approach is the development of a smart grid transmission system, which is essential for seamlessly integrating the growing capacities of renewable energy into the grid. This advanced infrastructure will not only enhance efficiency but also strengthen the resilience of our energy network against future challenges,” he said.

Lotilla said is also important to recognize that the cost of large-scale deployment of energy storage technologies remains high, which means conventional energy technologies will continue to play a critical role in the country’s generation mix during this transition.

“Natural gas is therefore well-suited to balance the variability of renewable energy and can serve as a reliable transition fuel,” he said.

Lotilla also assured the government’s support, as President Ferdinand Marcos Jr. emphasized the importance of accelerating and simplifying the permitting process for energy projects.

He said the Cabinet recently held a sectoral meeting to address concerns relating to various energy projects and agreed to undertake simultaneous parallel processing of permits by different agencies.

Inter-agency cooperation

“The delivery, insofar as the permitting system is concerned, is not by the department alone but by a number of institutions in government at both national and local levels. And therefore, the changes that are necessary in order to facilitate the implementation of energy projects require the utmost cooperation among the agencies concerned. And if in this and in the integrations that you have seen in the policies that we have issued,” he said.

Lotilla said the Department of Environment and Natural Resources initiated its own review of internal processes and will implement parallel processing of permits.

The DENR is no longer waiting for the National Commission on Indigenous Peoples to issue permits but will process them in parallel, subject to final issuance by the NCIP, he said.

The NCIP is also reviewing its policies and is cooperating to facilitate permits that do not require the entire process.

“For example, the law itself specifies that the jurisdiction of the NCIP is over areas that are onshore or on land as well as offshore, but limited only to those waters that are within the baselines of the Philippines, in which case, areas outside of those baselines are not covered by the jurisdiction of NCIP,” Lotilla said.

The NCIP has been transferred to the Office of the President, and the DOE expects better coordination among agencies.

The DOE said it would also utilize the network of the Department of Trade and Industry and the Board of Investments to address issues at the local level.

Meanwhile, the DOE reviewed existing service contracts that have not progressed and given opportunities to explore resources.

“The energy sector plays one of the most critical roles in our development journey. On one hand, providing access to affordable and reliable power allows for greater investments in our industries. On the other hand, we also need to ensure that our development is sustainable in order not to be left behind in a world where the demand for clean energy and green industry will only continue to grow,” said Lotilla.

Energy Secretary Raphael Lotilla

By Jennniffer B. Austria

SEVERAL property developers are quietly slashing prices on unsold inventory in a move that could be described as a “silent fire sale.”

This comes as developers grapple with an oversupply of residential and commercial properties, and as cautious buyers struggle with rising interest rates and inflation.

Santos Knight Frank director Lovelle Taleon said a “silent fire sale” is underway among property developers to reduce their unsold residential units.

“Regarding strategies to selling out the Metro Manila inventory, I think yes, there is a sort of a silent fire sale that has been happening. It’s a strategy that’s being implemented by all developers. The goal there is to sell it out. They don’t want to be holding on to the property anymore,” Taleon said.

Taleon said developers are keeping the sales under wraps, avoiding public promotions or large-scale advertising campaigns to prevent further market instability.

Developers slash prices on unsold units amid glut

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There is now an oversupply of 29 months’ worth of condominium units in Metro Manila.

As unsold inventory remains high, Taleon also expects property developers to significantly reduce their residential launches in the next two years.

Property consultant Leechiu Property Consultants (LPC), in its recent report, said there is now an oversupply of 29 months’ worth of condominium units in Metro Manila.

These discounts are reportedly being offered only to preferred clients and repeat buyers. Another strategy being implemented by property developers is offering huge discounts to bulk sales.

DMCI Homes president Alfredo Austria said the company would not launch any new projects in the first half of 2025 as it aims to focus on selling unsold units in existing developments.

Austria said the company would evaluate prospects to determine if it would launch a new project in the second half of next year.

Property developers are counting on the continued reduction in interest rates to boost demand for mid-market and affordable housing projects.

The current high interest rates and

high inflation dampened demand for residential condominiums in Metro Manila.

The Bangko Sentral ng Pilipinas (BSP) raised its benchmark interest rate to 6.5 percent from October 2023 to mid-August 2024. It reduced the benchmark rate to 6 percent during its October meeting.

Major telcos vow to sustain network expansion

By Darwin G. Amojelar

THE country’s two largest telecom companies remain optimistic about 2025 as they continue to expand their networks nationwide.

PLDT Inc. is investing between P75 billion and P78 billion next year, while rival Globe Telecom allotted about P58 billion to P59 billion in capital expenditure (capex).

PLDT’s investment in network capacity is expected to drive revenue growth and support the continuing rise in network traffic. The company’s fi-

ber footprint remains unparalleled and the most extensive in the Philippines.

Homes passed reached 18.3 million in 72 percent of the country’s towns and 91 percent of total provinces.

Smart’s combined 5G/4G network covers around 97 percent of the population.

“As we seek growth in a rapidly evolving digital landscape, we must take on an insurgent’s attitude, not simply embrace change but lead it,” said PLDT chairman and chief executive Manuel Pangilinan.

“We must challenge the wisdom that

we have acquired over the years, to consistently rise to meet and exceed the constantly growing demands and expectations of our customers, in order to stay on track toward achieving escape velocity,” said Pangilinan.

PLDT reported a net income of P28.1 billion in the first nine months of 2024, up 1 percent year-on-year. Telco core income reached P26.6 billion, up by 2 percent from the same period last year.

The company’s gross service revenues grew 4 percent to P155 billion, while consolidated service revenues rose 2 percent to P144.9 billion in the

first nine months of 2024.

PLDT’s individual wireless segment posted revenues of P62.1 billion in the first nine months of the year, higher by 2 percent year-on-year. PLDT Home posted fiber-only service revenues of P41.7 billion in the first nine months, while PLDT Enterprise reported P36.1 billion in net service revenues.

Globe president and chief executive Ernest Cu said his company is committed to empowering Filipinos across all economic segments with the country’s digital economy poised for expansive growth.

PH makes strides toward recharging nuclear program

By Alena Mae S. Flores

THE Philippines has made significant strides in its nuclear power program, receiving positive feedback from the International Atomic Energy Agency (IAEA).

The country completed construction of the 620-megawatt Bataan Nuclear Power Plant (BNPP) in 1984, but never commissioned it due to safety concerns and political issues.

A 2022 presidential executive order outlined the government’s intention to include nuclear energy in the country’s energy mix. Earlier this year, the Philippines unveiled its Nuclear Energy Roadmap, aiming for commercially operational nuclear power plants by

2032, initially at 1,200 MW and increasing to 4,800 MW by 2050.

Nuclear infra

The IAEA said the Philippines is progressing in developing the necessary nuclear infrastructure. A follow-up Integrated Nuclear Infrastructure Review (INIR) mission, conducted at the government’s request from Dec. 2 to 6, 2024, assessed the progress in addressing recommendations and suggestions from the

As it formally opens Liwanag Park to celebrate the Christmas season Meralco recognizes customers who bring light to their families and communities

HE Manila Electric Company

T(Meralco), the country’s largest power distributor, illuminated the Christmas season with a unique blend of a heartwarming celebration by honoring its valued customers and partners, opening its headquarters to anyone who wants to experience the brightly lit Liwanag Park.

As the Manuel V. Pangilinan-led company continue to keep the lights on for many consumers, it also put a spotlight on Filipinos who, in their own simple ways, also ignites hope to their respective communities. This is aligned with what One Meralco Foundation (OMF) has been doing for the past several years, as it empowers Filipinos living in remotest corners of the country through its electrification initiatives. For OMF, the solar-powered lighting systems it provides to homes, schools, and rural health centers do not just literally bring light – they also create lasting impact on the lives and livelihood of unserved and underserved communities.

“With this sustainable solution, the community now enjoys the steady supply they once only hoped for, a testament how renewable energy can transform lives. Indeed, it takes a village to ignite and bring forth impactful and meaningful change” OMF President and Chief Corporate Social Responsibility Officer Jeffrey O. Tarayao said. As the sun sets in off-grid areas, the soft glow of a light bulb finally shines in their homes. OMF’s unwavering commitment to power marginalized communities has not only uplifted the lives of the residents but has also created a spark of hope empowering them to foster a brighter future for all. Giving back to customers

Meralco also celebrated another significant milestone as it hit its eight million customer mark—demonstrating the company’s continued commitment to deliver stable and reliable service to Filipino consumers. To honor its customers, the company paid tribute and recognized what it called eight light bearers from different customer segments who represent the diverse stakeholders the company serves.

“To our eight million customers, we welcome a milestone for Meralco, we thank you for being a consequential part of our 121-year history. This inspires us to continue lighting lives, one connection at a time,” Pangilinan said.

Meralco Senior Vice President and Chief Revenue Officer Ferdinand O. Geluz highlighted the positive impact of the customers in their communities. “As we celebrate our 8 millionth service, we see beyond just the number. Every connection represents a success. A community we help brighten—because each customer represents an opportunity to be a beacon of hope and progress” he said.

For Meralco, while it literally and figuratively brings light, its customers are also light bearers in their respective families and communities.

“As we light the Liwanag Park today, we celebrate you, our valued customers. Ang inyong mga kwento ng tagumpay ang patuloy na nagbibigay ng inspirasyon sa amin araw-araw, para tuluy-tuloy kaming makapagbigay ng liwanag sa bawat sulok, sa bawat buhay na aming pinaglilingkuran,” Meralco First Vice President and Head of Corporate Retail Services Charina P. Padua said. Liwanag parks as gifts to Filipino families

The iconic tourist spot starts to brighten the city skyline as Meralco officially opens the Liwanag Park in its headquarters. The lighting ceremony was graced by the First Lady Hon. Marcos, and Pasig City Mayor Vico Sotto together with the Meralco executives. Meralco’s commitment to sustainability is evident as it uses recyclable materials. From the 20-foot Christmas tree and the tunnel of lights made of used meter covers, to the giant belen crafted from copper wires, underscores the company’s dedication embracing sustainable practices.

The park’s enchanting light displays and other designs adorning each corner are also inspired by this year’s theme, Paskong Pinoy. It captures the different Filipino

LADY LIZA MARCOS, MERALCO BRING LIWANAG PARK TO INTRAMUROS.

The lighting ceremony was led by the First Lady of the Philippines Louise Araneta-Marcos (center) with (from left) Intramuros administration administrator Joan Padilla; Meralco, senior vice president and chief revenue officer Ferdinand O. Geluz; Manila City Mayor Maria Sheilah ‘Honey’ Touris Lacuna-Pangan; Senate President Francis ‘Chiz’ Escudero; PAGCOR chairman and chief executive officer Alejandro Tengco; Tourism Undersecretary Ferdinand, Jumapao; One Meralco

Foundation president Jeffrey O. Tarayao; Senator Mark Villar and Secretary of Human Settlements and Urban Development Jerry Acuzar.

The tranvia

up Liwanag Park in Intramuros

This year, Meralco also opened a Liwanag Park at the Plaza Roma in partnership with the Intramuros Administration. The park also features sustainable installations including a 20-foot Christmas tree made of recycled meter covers and steel crossarms and illuminated by LED bulbs, as well as another replica of a tranvia which connects Meralco’s history with the heritage of Intramuros’s storied walls during the turn of the 20th century marked by a period of expansion and modernization.

Since 1998, Meralco’s Liwanag Park has become a holiday tradition and destination to millions of Filipino families that has brightened Christmas for decades. It is a testament to the company’s commitment to bring joy and spread light to the lives of Filipinos. The park in Ortigas City is open to the public from 6:00 p.m. to 11:00 p.m. until December 31, 2024, meanwhile the Liwanag Park in Intramuros is extended until January 6, 2025.

initial 2018 INIR mission.

The mission team reviewed the status of nuclear infrastructure development using Phase 1 criteria of the IAEA Milestone Approach, evaluating the country’s readiness to commit to a nuclear power program.

The INIR mission team, composed of two international experts and two IAEA staff, noted significant progress by the Philippines in addressing most recommendations and suggestions and adopting a national position for a nuclear energy program.

The team highlighted the country’s progress in drafting a comprehensive nuclear law, completing assessments in human resource development, regulatory framework, radiation protection, radioactive waste management, emergency preparedness and response and drafting relevant policies and strategies.

Mehmet Ceyhan, mission team leader and IAEA Technical Lead, emphasized the Philippines’ commitment, noting the expanded composition of the Nuclear Energy Programme Implementing Organization (NEPIO) to 24 organizations and the active engagement of all sub-committees.

The Philippines Nuclear Energy Roadmap aiming for commercially operational nuclear power plants by 2032, initially at 1,200 MW and increasing to 4,800 MW by 2050.

IAEA recommendations

The team suggested further work to finalize the nuclear power strategy and complete necessary studies for future activities related to the electrical grid, industrial involvement, and national legislation.

Energy Secretary Raphael Lotilla welcomed the mission, saying it would guide the Philippines in safely and gradually progressing its nuclear energy adoption alongside renewables, adhering to global standards.

INIR missions are based on the IAEA Milestone Approach, with its 19 infrastructure issues, three phases (consider, prepare, and construct) and three milestones (decide, contract, and commission/operate). INIR missions enable IAEA member state representatives to discuss experiences and best practices with international experts.

Korean assistance Meanwhile, the Department of Energy (DOE) and Korea Hydro & Nuclear Power Co. Ltd. (KHNP) signed a memorandum of understanding (MOU) on nuclear energy cooperation, starting next month.

Korea, familiar with the BNPP due to 2008 and 2017 studies by Team Korea, will collaborate with the DOE to conduct a comprehensive technical and economic feasibility study on the potential rehabilitation of the BNPP.

The MOU aims to generate critical information to guide the Philippine government’s decision-making process, not only on the BNPP but also on exploring other nuclear technologies and potential alternative sites.

The study will assess the feasibility, safety, and sustainability of various nuclear energy options. All costs associated with the feasibility study will be borne by KHNP, and the Philippine government is under no legal obligation to proceed with the BNPP rehabilitation or engage KHNP based on the study’s findings.

The feasibility study, beginning in January 2025, will be conducted in two phases. The first phase will assess the current condition of the BNPP and its components. The second phase will evaluate the plant’s potential for refurbishment using the most optimal model.

FIRST

HONORING CUSTOMERS AND PARTNERS. Seen in the photo are (from left) Meralco executive vice president and chief operating officer Ronnie L. Aperocho, chairman and chief eecutive officer Manuel V. Pangilinan and First Lady Louise ‘Lisa’ Araneta Marcos shaking hands with company’s community partners and customers.

SPREADING LIGHT AND JOY TO FILIPINO FAMILIES.