BusinessMirror April 24, 2025

of the goods being shipped by Philippine exporters have been put on hold due to the tariff policy uncertainty, according to the top official of United Portusers Confederation of the Philippines Inc. (UPC).

“Right now the pressing concern is US tariffs. Because right now even the exporters are not in a better position because a lot of their goods may not have been cancelled, but they are on hold,” UPC President Nelson M. Mendoza told reporters on the sidelines of the UPC’s First Stakeholders’ Summit on Wednesday. Mendoza explained that orders from Philippine exporters had been put on hold because of the recently imposed additional tariffs by Washington on its trading partners and now, the 90-day pause imposed by US President

THE Department of Finance (DOF) will weigh the budgetary requirements of the Department of National Defense (DND) in issuing “defense bonds” to fund the modernization of the Philippine military to boost its defense against maritime tensions with China.

“I will be meeting with Sec. Gibo soon [to discuss] the budget requirements,” Finance Secretary Ralph G. Recto told BusinessMirror

Defense Secretary Gilberto Teodoro has expressed interest

in tapping the capital markets by issuing bonds as an alternative fundraising source, as the national budget remains limited to finance the Armed Forces of the Philippines’ (AFP) Modernization Program.

Teodoro is awaiting clearance from President Ferdinand R. Marcos Jr. and Recto before proceeding with the bond sale, according to a Bloomberg report.

Recto said his approval to issue the so-called defense bonds will depend on how much is needed by

the DND. The Marcos administration’s gross borrowings amounted to P552.692 billion as of the end of February 2025, about one-fifth of the government’s P2.545 trillion full-year borrowing program.

The government’s outstanding debt, meanwhile, reached a new high of P16.632 trillion. Should the bonds be floated in the market, the proceeds will be used to acquire new equipment and weapons, such as missile systems, fighter jets, submarines and

warships. The AFP Modernization Program was allotted a budget of P35 billion in 2025, while P40 billion remains in the unprogrammed appropriations as these do not have funding sources yet, based on the 2025 General Appropriations Act. Under the DND’s acquisition plan “Re-Horizon 3,” the government aims to procure new weapons and equipment amounting to P2 trillion over the next 10 years to shore up the country’s defenses.

By Samuel P. Medenilla

@sam_medenilla

RESIDENT Ferdinand

PMarcos Jr. announced there is now an ongoing effort to revive the National Steel Corp. (NSC), which shut down over two decades ago, to help “propel the country’s industrialization.”

“There are already discussions among certain groups, both for-

Motors. The Isuzu popemobile was initially used during Pope Francis’s historic pastoral and state visit to the Philippines in January 2015; and a second identical unit of the Filipinocustomized vehicle would later be brought to Rome by D. Edgard A. Cabangon on instructions of

pastoral visits to Lithuania (2018), Bulgaria, and Romania (2019), among others. With each journey, the popemobile served as both a practical mode of transport and a quiet symbol of pastoral humility—bearing witness to a papacy marked by mercy, compassion, and service until Pope Francis’s final years. PHOTOS VIA DREAMSTIME

eign and local, that would ensure a partnership to revive the steel mill,” the chief executive said during his meeting with the Regional Development Council of Northern Mindanao (RDC-X) meeting in Cagayan de Oro City on Tuesday.

Malacañang said the members of the RDC are lobbying for the revival of the NSC to restore Cagayan De Oro City’s status as

BSP amends rules on FX, goes strict on derivatives

By Reine Juvierre S. Alberto

@reine_alberto

THE Bangko Sentral ng Pilipinas (BSP) has amended the regulations on foreign exchange (FX) to tighten its control over FX derivatives, or the buying and selling of foreign currency against the Philippine peso. BSP Governor Eli M. Remolona Jr. signed Circular No. 1212 Series of 2025 to amend FX regulations covering FX derivatives involving the Philippine peso and other transactions under the Manual of Regulations on Foreign Exchange Transactions and the Manual of Regulations for Banks (MORB).

As such, non-deliverable FX derivatives transactions by authorized agency banks (AABs) must only be used for “legitimate economic purposes.”

In the BSP’s previous draft circular, it proposed that AABs transacting in non-deliverable forwards (NDFs) and non-deliverable swaps (NDSs) shall ensure that these products will not be used for “speculative purposes.”

Speculation happens when traders buy or sell currency with expectations of profiting from its price movement.

NDFs may also be used in engaging in a non-deliverable sell-side FX derivative with a non-resident counterparty, the BSP said.

Hedging of permanently assigned capital of Philippine branches of foreign banks or firms will also not be allowed, according to the circular. Should a customer preterminate or cancel a non-deliverable FX derivatives contract, the BSP said the customer may only enter into another non-deliverable FX derivatives contract for the same underlying transaction if there is a change in the original financial terms of the underlying transaction. The central bank also reinforced its oversight over Peso NDF transactions by ordering that deals must be reported separately.

Peso NDFs transacted by AABs with resident and non-resident counterparties for their own account must be reported in a separate sheet under Parts III and IV of the “Report on NDF Transactions against Philippine Peso,” the BSP said. A quarterly certification of compliance shall also be submitted in

By Andrea E. San Juan @andreasanjuan

Bucharest, Romania, May 31, 2019

the “industrial city of the South” and to create jobs.

The feasibility of bringing back the Integrated Steel Mill (ISM) in Northern Mindanao was already discussed in a forum held by the National Economic and Development Authority (NEDA) in December 2024.

Marcos said the Department of Energy (DOE) will study if the power from the Agus-Pulangi Hydropower Complex (APHC) can help provide for the large energy needs of the operation of a revived NSC.

The APHC, located in Maramag, Bukidnon, has a total installed capacity of about 1,000 megawatts (MW), while the steel production in Region 10 would require at least 1,500 MW of consistent power supply.

NSC shut down its operations in 1999 due to financial woes. In 2017, SteelAsia Manufacturing Corporation, known for manufacturing steel bars, tried to acquire the Iliganbased steel mill, but the deal did not push through.

Last year, Marcos ordered the Department of Trade and Industry (DTI) and DOE to update the national iron and steel roadmap to prioritize the establishment of an integrated steel mill.

He noted the Philippines is currently the only country in the Association of Southeast Asian Nations (Asean) without an integrated steel mill.

4-day mourning period for Pope declared by PBBM

By Samuel P. Medenilla @sam_medenilla

Ferdinand Marcos Jr. has declared a four-day National Mourning to commemorate the passing of Pope Francis.

In his two-page Proclamation No. 871 dated 23 April 2025, the chief executive announced the start of the day of mourning, which will last until the Pope’s burial on Saturday (Philippine time).

“During this period of mourning, the national flag shall be flown at half-mast from sunrise to sunset on all government buildings and installations throughout the Philippines abroad,” he said.

Proclamation 871, which was signed by Executive Secretary Lucas P. Bersamin with authorization from Marcos, said the passing of the Supreme Pontiff has resulted in “profound sorrow for the Catholic Church and for the Filipino people.”

Pope Francis, who was born as Jorge Mario Bergoglio, visited the country in 2015 to meet with those earlier affected by Super Typhoon Yolanda (Haiyan) in 2013. Despite heavy rains pouring during his Tacloban visit, the Pope, in yellow raincoat, proceeded with the meeting, which drew some 500,000 people.

“Pope Francis holds a special

place in the hearts of the Filipino people, particularly for his Apostolic Visit to the Philippines in January 2015, where he offered comfort and solidarity to victims of Typhoon Yolanda, and celebrated the resilience of the Filipino faithful despite adversities,” the proclamation read.

Pope Francis died April 21, 2025 at the age of 88.

President Marcos and First Lady Louise “Liza” Araneta Marcos will attend the funeral of Pope Francis on Saturday in St. Peter’s Square in the Vatican. His remains will then be interred at the Basilica of St. Mary Major in Rome.

Comelec’s 2nd division voids PBBM party-list registration

HE Commission on Elec -

Ttions Second Division has cancelled the registration of the Pilipinas Babangon Muli (PBBM) party-list for violating election laws, particularly for misrepresenting itself as a regional political party representing Re -

gion IV-A. In SPP No. 25-006 made public on Wednesday, the Second Division granted the petition filed by Atty. Jess Christian Ramirez, who sought the disqualification of the PBBM party-list on the grounds that it falsely claimed to represent

Calabarzon despite its nominees not being residents of the region.

“Accordingly, all 10 nominees cannot be considered bona fide members of a regional political party purporting to represent Calabarzon. In turn, they cannot be qualified as nominees of PBBM. This results in the absence of even a single qualified nominee as required by law,” the Comelec division stated in its resolution.

Under Section 6 of Republic Act 7941 or the Party-List System Act, the Comelec has the authority to cancel a partylist’s registration if it fails to comply with election laws or if it submits untruthful statements in its petition, among other grounds.

The Second Division pointed out that since PBBM registered as a regional party for Region

IV-A, it was legally required for its nominees to be residents of that region. This requirement is consistent with Section 9 of RA 7941, which also mandates that nominees be bona fide members of the organization they seek to represent for at least 90 days prior to the election. Because none of the PBBM nominees fulfilled this residency requirement, the commission ruled that the partylist failed to meet the legal standard necessary for accreditation.

In a text message to reporters, Comelec Chairman George Erwin M. Garcia clarified that the decision is not yet final and executory as the party-list concerned may still file a motion for reconsideration.

Justine Xyrah Garcia

“significantly constrains” its ability to seize emerging trade-diversion opportunities.

The paper explained that the Philippines remains “heavily dependent” on a narrow set of export products and lacks the manufacturing necessary for scale and resilience.

“As a result, any shifts in US procurement strategies or global supply chain disruptions could swiftly erode its already modest trade footprint—unless the country undertakes aggressive efforts toward export diversification and value upgrading,” the study published by the local think tank explained. Aldaba cited the “several” structural and institutional constraints which continue to “undermine” the country’s ability to fully leverage its tariff advantage.

These constraints include the country’s logistics and infrastructure deficits; limited industrial depth and workforce skilling gaps. Under logistics and infrastructure, the study pointed out that the country has “persistently high transportation costs, port inefficiencies, and unreliable utilities burden exporters and discourage new investment.”

On its limited industrial depth, the paper said, “The country possesses fewer backward linkages and supporting industries relative to competitors such as Vietnam and Thailand, constraining integrated manufacturing and advanced export capabilities.”

The paper also underscored the need for the country to zero in on its “Workforce Skilling Gaps.”

“While competitive in basic IT services, significant gaps persist in high-value skills such as artificial intelligence [AI], advanced manufacturing, and research and development [R&D],” the paper explained.

government resources.

Donald Trump on the implementation of steeper tariffs.

“Probably those will be initially moved but after 90 days, we don’t know what will happen. Because orders for 2025 had been placed in 2024. And rates or cost in 2024 [are] different from what 2025 will be because of the tariffs,” the head of the transport and logistics industry group explained.

Mendoza pointed to the US tariff policy as the “most pressing issue right now,” adding that the country’s traders are clouded with the ongoing uncertainty due to the recent tariff policy measures implemented by Washington.

“If you go down the ground, talk to the exports and to the importers, ask them what their plan is. They don’t know, really. They cannot say. So the risk mentioned earlier, it’s really high,” added Mendoza.

With this, the UPC chief said earnings of the country’s exporters this year may even decline from last year’s. Mendoza also noted that Phil-

If proven guilty, candidates involved may be punished with imprisonment of not less than one year but not more than six years and shall not be subject to probation.

They will also be disqualified to hold public office and deprived of the right to vote.

Garcia explained that once a complaint is filed, the Commission first assesses whether there is sufficient basis to issue a show cause order to the candidate involved. This includes verifying whether money was actually distributed and received, and whether the manner of distribution raises suspicion.

ippine importers would also be affected by the US tariff policy.

“Because the goods coming from US will also be costly. Because like what’s mentioned by the shipping lines, the route of their vessels will be irregular... probably for a moment. But until when? For me, I can say four years at least,” added the head of the industry group.

Mendoza said that the uncertainty hounding the trade arena may last for as long as the term of US President Donald Trump.

Still, Mendoza said: “We’re just hoping that negotiations between US and other countries will pave the way. At least ma-neutralize nang konti [it wold be somewhat neutralized].”

The UPC chief assured, however, that the goods being held won’t lead to port congestion.

“No, because a lot of them are still in the manufacturers. One thing certain about these goods, they would definitely move eventually because these were already paid by the consignees on the other side; if they don’t get them they will incur even more losses, but it’s just a matter of time before these goods will move,” Mendoza noted, partly in Filipino.

compliance with the requirement on NDF transactions against the Philippine peso, the BSP added. Application forms and supporting documents involving the sales of FX by AABs and AAB forex corps must also be submitted to the BSP electronically.

These documents include the approval or registration of and other requirements on foreign/foreign currency loans/borrowings, registration of inward investments and other requests to the BSP not covered by items above. The electronic submission must be attested by the sender as authentic, sent through official channels and supported by original documents available upon BSP request.

Bloomberg has reported that Philippine banks are ready to serve as dealers should a state agency, such as the DND, issue a government bond. “It will be a very bankable transaction if it is guaranteed by the Republic of the Philippines. If they come up with defense bonds, people will buy,” BDO Unibank Inc. Head of Investment Banking Unit Eduardo Francisco told Bloomberg. A yearly bond offering ranging from P200 billion to P300 billion to support the military’s upgrade is within reach, according to

PICKLEBALL AND MORE AT THE SM ACTIVE HUB

By John Eiron R. Francisco

THIS summer, ditch the usual strolls— SM Supermalls is giving Filipinos a fresh reason to move with purpose. Officially launched on March 9, 2025, at SM Mall of Asia, the SM Active Hub is a wellness initiative that redefines staying active in the city. Built on the belief that fitness should be accessible, enjoyable, and communitydriven, it turns everyday mall spaces into fitness-friendly zones.

Wh ile summer usually brings thoughts of vacations and travel, SM offers a compelling alternative—dynamic workouts and fun movement experiences without leaving the metro. Even if you’re a seasoned athlete or a beginner, there’s something for everyone, with programs designed to guide, challenge, and inspire.

And joining in couldn’t be easier: just download the SM Malls Online app, tap on “ACTIVEHUB,” choose your preferred location, and swipe for a free membership pass. That pass unlocks activity reservations, updates, and schedules—no complicated sign-ups or gym contracts required.

Where to experience it

The SM Active Hub is being rolled out across key SM malls, each bringing its own unique flavor to the movement. Here are a few to watch out for:

n SM BF Parañaque: Wellness Meets Movement Known for its dedication to promoting holistic health, SM BF Parañaque is at the forefront of the wellness push. The Active Hub here focuses on low-impact, highreward activities including yoga, Zumba, and light cardio, making it ideal for beginners, seniors, and anyone looking to ease into an active lifestyle.

n SM City Marikina: Running Capital of the East Marikina’s wide roads and riverbanks already attract runners—but now, the SM Active Hub has elevated that experience with an organized Running Club and dedicated events every weekend. This is a great spot for those training for marathons or simply looking for an early morning jog with a view.

n SM City Fairview: Pickleball Central

With the sport’s rapid rise, Pickleball has found a new home in SM Fairview. The mall features dedicated courts and clinics that teach the basics and strategies of this easy-to-learn sport. Its approachable format and lively action have turned it into a go-to

activity for families and fitness enthusiasts.

n SM East Ortigas: Family-Friendly Fitness This hub focuses on community bonding through movement. Think weekend sports clinics for kids, martial arts classes for teens, and recreational games for parents. SM East Ortigas makes fitness a family affair.

n SM Seaside Cebu: Fitness by the Bay With its expansive grounds and scenic views, SM Seaside Cebu takes full advantage of its coastal location by hosting large-scale pickleball tournaments and running events. It’s the perfect setting for fitness enthusiasts to move with purpose while soaking in the vibrant Cebuano energy.

n SM City Cebu: The Ultimate Summer Fun Quest

From April 7 to May 31, SM City Cebu invites families to embark on the Summer Fun Quest—a season-long celebration filled with exciting games, sports challenges, and family fun. Head to the North Wing Atrium for golf experiences and interactive zones, or check out the Summer Games at the Rotunda and Main Mall. Don’t miss the Pet Olympics on May 10 at the Event Centre, a must-see event for pet lovers. This summer, SM City Cebu is the ultimate destination for sunshine, smiles, and memories.

n SM Lanang: Davao’s Dynamic Fitness Destination

This southern gem transforms everyday mall visits into energizing experiences that offer wellequipped courts and a growing community that champions movement, inclusion, and fun.

n SM CDO Uptown: Northern Mindanao’s Pickleball Playground

From friendly matches to serious tournaments, SM CDO Uptown builds a spirited sports culture where anyone can join in, compete, and level up their game.

The Rise of Pickleball—and Why You Should Try It

Perhaps the biggest breakout star of SM Active Hub is Pickleball—a paddle sport that combines elements of tennis, badminton, and ping-pong. It’s low-impact, easy to learn, and perfect for all ages. With 29 dedicated Pickleball courts already active across SM malls (including Fairview, MOA, Cebu, and CDO), SM is shaping up to be the country’s biggest Pickleball venue, even gearing up for national tournaments.

B ut more than setting up courts, SM is cultivating a new generation of players.

Through guided clinics, accessible rental gear, and on-site coaching, even those new to the sport are given the confidence and tools to get started.

And yes, stylish game-day fits and paddle sets are all available in-store for a seamless experience.

Special Events and Clinics

To keep the momentum going, Active Hub also hosts tournaments, training sessions, and sports clinics across the country:

n SM Cherry Antipolo is buzzing with badminton and basketball tournaments.

n SM City Novaliches and SM City Rosario are hosting seasonal Pickleball and Badminton clinics.

n SM Sorsogon offers year-round martial arts classes in Karate and Taekwondo.

n SM Grand Central hosts weekly Pickleball sessions at Cocoon on Level 5.

n SM has seamlessly integrated these experiences into everyday mall life. Beyond browsing stores, visitors are now encouraged to get moving and embrace a more active lifestyle— often without even planning for it. So even on a casual visit, there’s an opportunity to move a little more, sweat a little harder, and discover new passions.

Enter Lauren Mercado:

A star in the making

And at the forefront of this growing Pickleball movement is a name that’s inspiring young athletes everywhere: Lauren Mercado.

From chasing basketball dreams in Las Vegas to dominating professional Pickleball tournaments across North America, the 17-year-old Filipino-American is quickly emerging as one of the sport’s brightest talents.

H er journey began on the Amateur Athletic Union (AAU) basketball courts— until the pandemic forced her to pause and reset. That reset came in the form of a casual game of Pickleball with her dad, which soon spiraled into a full-blown passion.

Wi th no background in tennis, Mercado entered her first tournament in 2021. By 2023, she was competing in the Professional Pickleball Association (PPA), APP Tour, and USA. Her victories include a national championship title and multiple podium finishes in both pro and emerging categories.

R ecently, Mercado held clinics, exhibition matches, and meet-and-greet sessions across several SM Malls from April 11 to 13, 2025. The tour aimed to showcase her skills and spark greater interest in the rapidly growing sport among Filipino players of all ages.

Cyberzone Game Fest Turns 10, Levels Up with Nationwide Competitions

Meanwhile, SM’s tech playground returns with the 2025 Cyberzone Game Fest, a nationwide celebration of gaming and innovation happening from April 12 to May 25 in select SM malls. Marking its 10th year, this year’s edition promises to be the biggest yet, evolving from a simple gathering into a full-blown community for gamers and tech fans.

Ten years ago, Cyberzone Game Fest started as a small gathering. Today, it’s a nationwide celebration of passion, play, and progress,” said Patrick G. Pacla, Operations and Marketing (Sponsorship and Cyberzone) of SM Supermalls. “We’re thrilled to continue building this platform for the next generation of e-sports athletes, creators, and tech enthusiasts.”

T he 2025 Game Fest features highstakes tournaments in fan-favorite titles like Tekken 8, Tetris, Mobile Legends, Minecraft, and Valorant, with varied formats such as solo and team-based play. A total prize pool of P600,000 will be up for grabs across six competitive legs.

B eyond the digital battles, attendees can explore tech exhibits showcasing the latest gadgets—from gaming laptops and custom rigs to peripherals and accessories— from top brands such as PLDT, PC Express, Datablitz, Acer Predator, MSI, GameOne, SVGA, PlayPark, and Power Mac Center.

R etro arcade zones, console demos, kid-friendly stations, and exclusive deals also await visitors.

Cyberzone Game Fest 2025 Tour Schedule:

n April 26-27 SM City East Ortigas (Main Atrium)

n May 3-4 | SM City Clark (The Event Centre)

n May 10-11 | SM City Dasmariñas (Main Event Centre)

n May 17-18 | SM Seaside City Cebu (City Wing Atrium)

n May 24-25 | SM Lanang Premier (The Atrium)

To join, participants can register via the SM Malls Online app by searching for “Game Fest” and swiping the event coupon for free passes.

F or more updates, visit www.smcyberzone.com or follow SM Cyberzone on Facebook, Instagram, and TikTok. When it comes to top brands, big deals, and legit gaming experiences, you’ll always #GotItAtCyberzone.

Rainbow Roads Ahead: RUNRIO Pride Run hits MOA in June

Run with Pat founder Patrick Rubin (left), RunRio founder Coach Rio de la Cruz, and RunRio Inc.'s Nicole de la Cruz joined the festivities, inspiring Filipinos of all ages to embrace an active and healthy lifestyle.

Ex-CA justice on carpet for Cebu lawyer’s killing

BIndo-Pacific security situation focus of Marcos, Ishiba talks

By Samuel P. Medenilla @sam_medenilla

Pstability under the ‘Strengthened Strategic Partnership’ between the two countries,” PCO said.

By Joel San Juan @jrsanjuan1573

AGUIO CITY—The Supreme Court announced yesterday the filing of administrative charges for gross misconduct against former Court of Appeals Associate (CA) Justice Isaias Dicdican for his involvement as alleged mastermind in the killing of a lawyer in 2020.

At a press briefing, SC spokesman, lawyer Camille Sue Mae Ting said the filing of charges against Dicdican was recommended by Court of Administrator Raul Villanueva in a memorandum submitted to the Court en banc on March 24, 2025. The filing of administrative charges came as the National Bureau of Investigation (NBI) endorsed to the Cebu City Prosecutor’s Office the filing of criminal charges against Dicdican for the killing of lawyer Joey Luis

Wee on November 23 2020.

The 51-year-old lawyer was shot dead at the ground floor of the building where his law office was located in arangay Kasambagan, Cebu City.

The SC, Ting said, directed Dicdican to file an answer within a non-extendible period of 10 days from notice.

Ting said Dicdican was named as the mastermind by one of the suspects who had earlier been charged before the trial court in

connection with the killing.

“It’s an admininstrative case, so— he’s still a member of the Bar... the ultimate penalty would be disbarment,” Ting told reporters.

“Another penalty for retired CA Justice Dicdican would possibly be the witholding of his pension if he is found guilty,” she added.

The killing is reportedly related to probate proceedings being handled by the lawyer.

In a text message NBI-Cebu Regional Director Rennan Oliva said Dicdican was implicated by retired Col. Edwin Layese, former director of the Criminal Investigation and Detection Group in Western Visayas, in Wee’s killing.

Oliva said Layese was the one who contracted Wee’s gunman identified as Fausto Edgar Peralta, who had been charged in court after his arrest in December.

“The contractor in the killing of Atty. Wee identified as retired Col. Edwin Layese Forosuelo executed an affidavit pointing to the subject as the one who contracted him,” Oliva said.

“According to the contractor, retired Colonel Layese’s affidavit,

it was Dicdican who ordered the killing,” Oliva added.

Peralta, a former soldier, has confessed to the killing and following his arrest by the NBI and eventually named Layese as the one who paid him to kill Wee.

He also named three other individuals and one unidentified man who helped him carry out the crime but are still at large.

The three were identified as John Raymond Suarez, Randy Palparan and Manuelito Camacho.

Oliva said the killing has something to do with a case where Wee and Dicdican acted as opposing counsel.

Based on Layese’s extrajudicial confession in a judicial affidavit, Dicdican paid him a total P1.5 million to hire Wee’s killers.

The initial payment of P500,000, according to Layese, was delivered to Palparan on November 16, 2020 while another P500,000 was given to the group on November 22, 2022.

The balance of P500,000 was paid to the group on November 23, 2022.

Comelec’s precinct finder can now available online

By Justine Xyrah Garcia

HE Commission on Elec -

Ttions (Comelec) officially activated its online precinct finder on Wednesday, almost three weeks before the May 12 midterm polls.

Comelec Chairman George Erwin M. Garcia encouraged voters to verify their registration status and precinct location through the platform.

“They can verify through the online precinct finder if their registration is still active and where their precinct is located,” he said

in Filipino. The tool can be accessed via https://precinctfinder.comelec.gov.ph.

Voters will be asked to input their full name, date of birth, and place of registration. After submission, the system will then display their assigned polling place, precinct number, and voter status.

Concerns over system glitches have also surfaced as users reported occasional connection timeouts.

Garcia, however, explained that these were intentional.

“There’s no glitch. Even the [Department of Information and Communications Technology] will say if our system was hacked,” he said.

According to Garcia, these timeouts are part of the commission’s security measures to prevent unauthorized access.

He explained that there are only two ways to hack a system which is to have resources or sufficient time.

With connection timeouts, the Comelec prevent prolonged access for everyone—including hackers.

He also noted that Comelec is anticipating attempts to compromise the website.

“Comelec has the widest database of Filipinos among all government agencies. But we’ve already set up parameters, ways to secure the precinct finder,” Garcia said. Garcia previously stated that the precinct finder would be launched only two weeks before election day to avoid hacking incidents.

During the 2022 polls, Comelec recorded 35 million hacking attempts targeting the same platform.

DOTr to activate task force vs reckless drivers

THE Department of Transportation (DOTr) said on Wednesday it will activate a special task force to review road safety policies, following alarming data on reckless driving, road crashes, and drug use among drivers.

In a press briefing, Transportation Secretary Vivencio Dizon said the move comes as 671 drivers were suspended by the Land Transportation Office (LTO), including 97 who tested positive for illegal drug use in coordination with the Philippine Drug Enforcement Agency (Pdea).

RESIDENT Marcos will discuss efforts to pursue peace and stability in the IndoPacific region with Japan Prime Minister Ishiba Shigeru during the latter’s official visit in Manila next week.

In a statement on Wednesday, the Presidential Communications Office (PCO) said both leaders will talk about economic and development cooperation, political and defense engagements, and people-to-people exchanges.

“Both leaders are also expected to exchange views on regional and global developments, and explore new pathways towards peace and

Philippines and Japan signed the “Strengthened Strategic Partnership” in 2011. Marcos initially met Ishiba in Vientiane, Lao People’s Democratic Republic, on the sidelines of Association of Southeast Asian Nation Summit last year. Ishida will be the second Japanese Prime Minister to visit the country after Japan Prime Minister Kishida Fumio in November 2023.

Both are members of Japan’s ruling Liberal Democratic Party (LDP). Ishida was elected to replace Kishida as Japan Prime Minister after LDP was hit by a series of controversies last year.

More BrahMos missile units on the way–Teodoro

By Rex Anthony Naval

EPARTMENT of National Defense

D(DND) Secretary Gilberto Teodoro Jr. on Wednesday confirmed that another batch of the Indian-made BrahMos cruise missile system is enroute to the Philippines.

In an ambush interview at a Mandaluyong Hotel, the defense confirmed that the weapons platforms are on the way.

“It is now on the way and we will be making sure that these weapons are utilized properly,” Teodoro said in Filipino.

He did not give any more details for security reasons.

Earlier reports coming from the Indian media said that the second battery out of the three ordered from Indian is now enroute to the Philippines via cargo ship.

The first battery was delivered in April last year, an event reported by the Indian press but still not confirmed by the DND and the Filipino military.

The BrahMos cruise missile can be launched from a ship, aircraft, submarine, or land and has a top speed of around Mach 2.8 (around 3,400 kilometers per hour), and is capable of carrying warheads weighing 200 to 300 kilograms.

Expected operators of the Brahmos cruise missile system is the Philippine Navy (PN)’s

Philippine Marine Corps (PMC) which has already activated a shore based anti-ship missile (SBASM) battalion on April 3, 2022. This unit is under the PMC’s Coastal Defense Regiment (CDR).

A missile battery typically consists of three mobile autonomous launchers with two or three missile tubes each, along with the tracking systems.

A shore-based missile system is a significant part of any reliable coastal defense system in pursuit of maritime security while in a defensive posture.

On January 28, 2022, the DND officially signed the contract for the acquisition of Indian-made BrahMos medium-range ramjet supersonic cruise missiles.

Then DND Secretary Delfin Lorenzana and BrahMos Aerospace director general Atul Dinkar Rane signed the contract worth PHP18.9 billion in a virtual ceremony at its headquarters in Camp Aguinaldo, Quezon City. Three batteries of the BrahMos cruise missiles will be acquired by the country under this contract.

Lorenzana said that the BrahMos cruise missiles will greatly beef up the PN’s firepower. He added that the BrahMos cruise missile system will provide counter-attack capabilities within the Philippine exclusive economic zone.

Palace set to confer Presidential Merit Medals on late artists, chef

M“Kung akala nila na walang gagawin ang gobyerno, hindi natin papayagan itong ganitong klaseng pangaabuso. Hindi natin papalagpasin ito,” he said.

The task force, to be composed of officials from the DOTr, LTO, and the Land Transportation Franchising and Regulatory Board (LTFRB), will review and recommend reforms to strengthen enforcement, licensing and vehicle inspection systems nationwide.

Among those sanctioned was a bus driver caught on video sideswiping vehicles in La Union.

Identified as Mark Louie A. Burgos of ESL Bus Company, his driver’s

The remaining 574 suspensions stem from road crashes that resulted in injuries or fatalities.

license has been revoked, and his employer has been issued a show cause order (SCO).

LTO chief Vigor Mendoza emphasized that the agency’s actions mark an unprecedented crackdown on unsafe driving practices.

“Road safety will not be compromised,” he said. “We are also issuing SCOs to 1,165 vehicle owners after inspections flagged their vehicles for roadworthiness issues.”

Mendoza said two specialized enforcement teams will be activated—one to monitor and act on drug-related violations, and another to target unregistered and visually unsafe vehicles on the roads.

The LTO also plans to retest professional drivers—particularly those operating motorcycles—at no cost to ensure they meet both theoretical and

practical standards.

He said motorcycle riders accounted for 264 of the 574 crashrelated suspensions last week, or 46 percent of all road crashes.

In addition, Mendoza said the agency is tightening the implementation of the Motor Vehicle Inspection System (MVIS).

“We expect our new equipment for inspecting buses and trucks to arrive in the next two weeks. Once deployed nationwide, it will significantly improve our ability to prevent fatal accidents,” he said.

Dizon assured the public that the government is serious about curbing dangerous driving behavior.

“To our commuting public, I just want to let you know that we will protect you from these abusive drivers at s ana po matuto na itong mga ito,” he said. Lorenz S. Marasigan

ALACAÑANG on Wednesday confirmed President Marcos will confer the Presidential Medal of Merit on four women, who recently passed away after leaving an invaluable mark to Philippine entertainment and gastronomy.

Palace Press Officer Claire Castro said those who will be given the said recognition are National Artist Nora Cabaltera Villamayor, who is more popularly known as Nora Aunor; iconic singer Pilita Corrales; veteran actress Gloria Galla, who is also known as Gloria Romero; and renowned chef Margarita Fores.

Castro, however, said she is still getting additional details about the conferment event.

Marcos, FL to attend Pope’s funeral

PRESIDENT Marcos and First Lady Louise “Liza” A. Marcos will attend the funeral of Pope Francis, Malacañang announced. In a Viber message to reporters on Wednesday, Palace Press Officer Claire Castro confirmed that the First Couple will join other state leaders, who will attend the event.

“The President will attend the funeral of the Pope,” Castro said. “The

“Once I receive the details [about the event], I will share it,” Castro told Palace reporters in a Viber message. She made the remark when asked for confirmation on an online article, which stated that the recognition will be held on May 4, in Malacañang. Aunor died on April 16, Corrales on April 12, Fores on February 11, and Romero on January 25.

and United Kingdom Prime Minister Keir Starmer. Leaders of international organization such as United Nations Secretary General Antonio Guterres and European Commission chief Ursula von der Leyen and Antonio Costa, head of the European Council will

Under Executive Order 236, the President may grant the Presidential Medal of Merit to individuals, who gain prestige for the country in an international event, in the fields of literature, the sciences, the arts, entertainment, and other civilian fields of endeavor that foster national pride and artistic excellence. It may also be bestowed to retiring cultural workers or artists, after serving the government in an official or advisory capacity, or a foreign artist who has promoted Philippine culture; those who performed outstanding service to the President, the Administration or cabinet member; those who did acts merit, which enhanced the prestige of the Republic of the Philippines. Samuel P. Medenilla

www.businessmirror.com.ph

₧3.5-B to ₧4.5-B needed to attain ₧20/kilo rice–DA

By Samuel P. Medenilla

THE Department of Agriculture (DA) will spend P3.5 billion to P4.5 billion to pilot its program for realizing the campaign promise of President Marcos to sell rice at P20 per kilo in the Visayas.

Agriculture Secretary Francisco Tiu-Laurel Jr. made the announcement in a press briefing in Cebu last Wednesday after a closed-door meeting with President Marcos and 12 governors from the Visayas at the Cebu Provincial Capitol on Wednesday.

Marcos was initially set to announce the launch of the P20/kilo rice program, but he decided to let Laurel to do it, according to the Presidential Communications Office (PCO).

Laurel said the department will coordinate with the selected local governments in Regions 6,7, and 8 to implement the program starting next week.

To fill the gap between the P20 and the current market price of P32 to P33, it was decided that the difference will be shared by the government and the selected LGUs that will participate in the program,”

Laurel said in Filipino. “If the gap is P13 from P33, to make it P20. So the P6.50 will be shouldered by DA through FTI... Food Terminal [Inc.] and the [other] P6.50 will be shouldered by the participating local governments,” he added.

Extended duration

TIU-LAUREL said the Visayas was picked as the venue for the pilot program, since its population, were supposedly to be the ones, who “really need” the cheaper rice.

“So we hope that the LGUs will participate and make this program successful so that our people can benefit from cheaper rice,” he said.

Under the approved version of the program, families will be allowed to buy 10 kilos of rice per week, or 40 kilos per month, according to Laurel.

He said the program

ANZ flags long-term trade impact on GDP

By Bless Aubrey Ogerio

ATHINK tank has lowered its gross domestic product (GDP) growth forecast for the Philippines this year to 5 percent, citing long-term effects of US tariff policies. In its Asia Insight, ANZ Research’s previous forecast was 5.7 percent. Meanwhile, the 2026 projection was also revised to 5.5 percent from 6 percent.

“The reduction in our GDP growth forecasts constitute a durable shock to regional growth as US tariffs imply a long-term reduction in global trade,” said Sanjay Mathur, ANZ’s chief economist for Southeast Asia and India.

Among Asian economies excluding China, the Philippines was the only one with a lowered growth outlook.

The think tank noted that the direction of US trade policy remains unclear, making it harder for businesses to plan investments and hiring.

It also expects final tariff rates to fall between the levels announced on April 2 and a 10 percent baseline, varying by country based on US negotiations.

While the Philippines is less dependent on global trade compared to others, ANZ said that the impact is greater here owing to weak private capital spending and the fact that over 41 percent of its remittances come from the US.

On the other hand, inflation forecasts were also revised downward. Consumer prices in the Philippines are now expected to rise 2.9 percent in 2025, down from 3.4 percent.

Moreover, the 2026 forecast for the country was cut to 3.2 percent from 3.5 percent. This comes after the Philippine Statistics Authority reported that the March inflation slowed to 1.8 percent, its lowest since May 2020 when the country was still in the height of the Covid-19 pandemic.

“Lower inflation [was]

Court allows barangays to conduct bingo games sans Pagcor approval

By Joel R. San Juan

BAGUIO CITY—The Supreme Court (SC) has ruled that barangays can conduct bingo games without the need to seek permits from the Philippine Amusement and Gaming Corporation (Pagcor) or any national or local government office or agency.

At a press briefing, SC spokesman Camille Sue Mae Ting said the 15-man High

was supposed to last only until December, but Marcos ordered DA to extend its duration until February 2026 or beyond.

“The President has given the directive to the Department of Agriculture to formulate this to be sustainable and and continue it until 2028,” Laurel said.

DA estimates it will spend between P3.5 billion to P4.5 billion for the pilot program, depending on its run rate.

The DA chief said they decided to push through with the program this month due to their large surplus of rice, particularly in Iloilo, which rose to 358,000 metric tons (MT) due to the ongoing harvest season from 300,000 MT last January.

Last February, DA declared a food security emergency to allow the National Food Authority (NFA) to sell is all rice stock so it can buy more rice from farmers during the harvest season.

“We have to also move out stocks from other areas because of the other factor because warehouses in the DA are really full with unhusked and husked rice,” Laurel said. He said another factor why they decided to start selling P20 rice was the drop in the price of rice in the local and international market.

also reflected in most economies due to intertwined developments including slowing growth that corresponds to negative output gaps, lower commodity prices, particularly crude oil,and the potential rise in imports from mainland China,” it said.

Fiscal, monetary impact ANZ said its updated outlook assumes looser fiscal and monetary policies in Asia, though these may not be enough to support exportdriven sectors.

“In the current environment, fiscal policy should be the more effective policy tool if it is expenditure oriented. However, much would depend on the extent of fiscal deterioration governments will tolerate,” it said. It added that most governments, except South Korea, are still focused on reducing debt accumulated during the pandemic, limiting their room to spend.

ANZ also expects deeper rate cuts across most countries than currently anticipated.

“The main benefit of monetary easing will be to reduce debt servicing costs,” it said, as credit activity has slowed in recent months.

Tribunal voted 11-4 in favor of the respondent Association of Barangay Councils in a petition filed by the Republic and the City of Baguio.

Ting said the Court upheld the right of three barangays in Baguio City namely Trancoville, Military Cut-Off, and Outlook Drive, to hold bingo games as fundraising projects without needing permits from Pagcor or any national or local government agency.

“The SC highlighted that barangays have local autonomy under the Constitution, allowing them to run activities that benefit their communities and raise funds, as long as these are lawful,” Ting explained.

Likewise, the Court pointed out that Republic Act 9487 or the Pagcor’s Charter, states that games managed by local governments are not covered by Pagcor’s rules.

The Court has yet to officially release a copy of its promulgated decision on the case.

Thursday, April 24, 2025

St. Peter’s Basilica opens to the public to pay their respects to Pope Francis before funeral

By Colleen Barry & Nicole Winfield The Associated Press

ATICAN CITY—The Vati -

Vcan opened St. Peter’s Basilica to the general public Wednesday to pay their final respects to Pope Francis, with thousands of people filling the central aisle and Swiss Guards standing at attention.

Francis’ body will lie in state in the basilica until Saturday’s funeral and burial.

Francis died on Monday at age 88. Earlier, the bells of St. Peter’s tolled as his body was transferred from the Vatican hotel where he lived into the basilica, escorted by a procession of solemn cardinals and Swiss Guards through the same piazza where the pontiff had greeted the faithful from his popemobile just days before in what became his final good-bye.

Pallbearers carried the simple wooden coffin on their shoulders through the Vatican’s archway gates, out into St. Peter’s Square and into the basilica, the cardinals in their scarlet cassocks, bishops in their purple robes and the Swiss Guards in their golden and blue uniforms processing slowly behind.

Cardinal Kevin Farrell, who is running the Vatican temporarily until a new pope is elected, led the procession, with clouds of incense preceding him as the church choir began chanting the Litany of Saints hymn. In pairs, the cardinals approached the casket, bowed and made a sign of the cross, followed by small groups of bishops,

ushers, priests and nuns.

Heads of state are expected for Francis’ funeral Saturday, but the three days of public viewing in the basilica will allow ordinary Catholics to grieve the 88-year-old pope, who died Monday after suffering a stroke. The basilica was being kept open until midnight to accommodate the crowds, a mourning period that will end on Friday at 7 p.m., when Francis’ casket is closed and sealed.

Mourners in the piazza watched as Francis’ casket passed them by, along the same path the pope had travelled just days before, on Easter Sunday, in what became his final popemobile tour through the faithful. It was a surprise salute, which Francis decided at the last minute after being assured by his nurse he could do it despite his continued frail health from pneumonia.

Simplified rituals reflect Francis’ wishes FRANCIS’ death and funeral inaugurates a carefully orchestrated period of transition in the 1.4-billion strong Catholic Church, with cardinals gathering over the coming week before entering into a conclave, the secretive ritual voting in the Sistine Chapel to elect a new pope. There are 135 cardinals under age 80 and eligible to vote in the conclave, and the new pontiff will likely come from within their ranks. The conclave is not expected to begin before May 5. Francis first lay in state in the Domus Santa Marta hotel in a private viewing for Vatican residents and the papal household. Images

released by the Vatican on Tuesday showed Francis lying in an open casket, wearing the traditional pointed headdress of bishops and red robes, his hands folded over a rosary. The Vatican’s No. 2, Cardinal Pietro Parolin, was pictured praying by Francis.

Once inside the basilica, Francis’ casket wasn’t put on an elevated bier—as was the case with past popes—but was just placed on an inclined ramp the main altar of the 16th-century basilica, facing the pews, with four Swiss Guards standing at attention by its side. It was in keeping with Francis’ own wishes for all the rituals surrounding a papal funeral to be simplified and reflect the pope’s role as a simple pastor, not a world leader.

“Look kindly, Lord, on the life and works of your servant, our Pope Francis,” Farrell said from the altar. “Welcome him into the dwelling of perpetual light and peace and grant that your faithful people may follow fervently in his footsteps, bearing witness to the Gospel of Jesus.”

Italian police have tightened security for the viewing and the funeral, carrying out foot and horse patrols around the Vatican, where pilgrims continued to arrive for the Holy Year celebrations that Francis opened in December. The faithful who walk through St. Peter’s Holy Door are granted indulgences, a way to help atone for sins.

“For me, Pope Francis represents a great pastor, as well as a great friend to all of us,’’ said Micale Sales, visiting St. Peter’s Basilica from Brazil.

“I think he spread a positive message around the world, saying

there shouldn’t be any violence, there should be peace around the world,’’ said Amit Kukreja, from Australia.

Planning for the conclave is now underway

THE funeral has been set for Saturday at 10 a.m. in St. Peter’s Square, and will be attended by leaders including US President Donald Trump and Ukrainian President Volodymyr Zelenskyy.

Cardinals are continuing their meetings this week to plan the conclave to elect Francis’ successor, make other decisions about running the Catholic Church as world leaders and the ordinary faithful grieve the pontiff’s death.

History’s first Latin American pontiff charmed the world with his humble style and concern for the poor but alienated many conservatives with critiques of capitalism and climate change. He last appeared in public on Sunday with an Easter blessing and popemobile tour through a cheering crowd in St. Peter’s Square.

He had some reservations about looping through the square packed with 50,000 faithful, Vatican News reported on Tuesday, but overcame them—and was thankful that he had greeted the crowd. He died the next morning.

“The death of a pope is not a small thing, because we’ve lost our leader,’’ said Julio Henrique from Brazil. “But still, in a few days, we will have a new leader. So…the thing of hope remains. Who will assume Peter’s throne?”

Silvia Stellacci and Trisha Thomas contributed to this report.

Global coral bleaching has now hit 84% of ocean’s reefs in biggest-ever event

By Isabella O’malley The Associated Press

HARMFUL bleaching of the world’s coral has grown to include 84% of the ocean’s reefs in the most intense event of its kind in recorded history, the International Coral Reef Initiative announced Wednesday.

It’s the fourth global bleaching event since 1998, and has now surpassed bleaching from 2014-2017 that hit some two-thirds of reefs, said the ICRI, a mix of more than 100 governments, nongovernmental organizations and others. And it’s not clear when the current crisis, which began in 2023 and is blamed on warming oceans, will end.

“We may never see the heat stress that causes bleaching dropping below the threshold that triggers a global event,” said Mark Eakin, executive secretary for the International Coral Reef Society and retired coral monitoring chief for the US National Oceanic and Atmospheric Administration.

“We’re looking at something that’s completely changing the face of our planet and the ability of our oceans to sustain lives and livelihoods,” Eakin said.

Last year was Earth’s hottest year on record, and much of that is going into oceans. The average annual sea surface temperature of oceans away from the poles was a record 20.87 degrees Celsius (69.57 degrees Fahrenheit).

That’s deadly to corals, which are key to seafood production, tourism and protecting coastlines from erosion and storms. Coral reefs are sometimes dubbed “rainforests of the sea” because they support high levels of biodiversity—approximately 25% of all marine species can be found in, on and

around coral reefs.

Coral reefs get their bright colors from the colorful algae that live inside them and are a food source for the corals. Prolonged warmth causes the algae to release toxic compounds, and the coral eject them. A stark white skeleton is left behind, and the weakened coral is at heightened risk of dying.

The bleaching event has been so severe that NOAA’s Coral Reef Watch program has had to add levels to its bleaching alert scale to account for the growing risk of coral death.

Efforts are underway to conserve and restore coral. One Dutch lab has worked with coral fragments, including some taken from off the coast of the Seychelles, to propagate them in a zoo so that they might be used someday to repopulate wild coral reefs if needed. Other projects, including one off Florida, have worked to rescue corals endangered by high heat and nurse them back to health before returning them to the ocean.

But scientists say it’s essential to reduce greenhouse gas emissions that warm the planet, such as carbon dioxide and methane.

“The best way to protect coral reefs is to address the root cause of climate change. And that means reducing the human emissions that are mostly from burning of fossil fuels … everything else is looking more like a Band-Aid rather than a solution,” Eakin said.

“I think people really need to recognize what they’re doing…inaction is the kiss of death for coral reefs,” said Melanie McField, co-chair of the Caribbean Steering Committee for the Global Coral Reef Monitoring Network, a network of scientists that monitors reefs throughout the world.

Editor: Angel R. Calso

www.businessmirror.com.ph

Trump says he has ‘no intention’ of firing Federal Reserve chair

By Josh Boak

The Associated Press

WASHINGTON—Presi -

dent Donald Trump

said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the US central bank caused a stock market selloff.

“I have no intention of firing him,” Trump told reporters.

The US president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to shortterm interest rates. Powell has said that Trump’s tariffs are creating uncertainty about slower growth and higher inflationary pressures, while the president maintains that inflationary worries are essentially non-existent.

The president maintains that energy and grocery prices are falling, so the Fed should cut its benchmark rates because inflation is no longer a threat to the US economy, Trump said. His remarks indicated that he still plans to use the bully pulpit to pressure a US central bank that is committed to resisting political pressure as part of its mandate to stabilize prices and maximize employment.

Trump’s frustration led him to post on social media last Thursday: “Powell’s termination cannot come fast enough!” The Fed chair’s term ends in May 2026.

On Tuesday, Trump continued to air his grievances about Powell, even though he said the Fed chair would stay on the job despite the president’s belief that inflation is no longer a problem.

“It’s all coming down,” Trump said. “The only thing that hasn’t come down, but hasn’t gone up much, are interest rates. And we think the Fed should lower the

rate. We think that it’s a perfect time to lower the rate. And we’d like to see our chairman be early or on time, as opposed to late. Late’s not good.”

Trump again attacked Powell on Monday on his Truth Social account, saying that “there is virtually No Inflation.”

The comment built on a statement by Trump last week that said he believed he could fire Powell, a move that shook financial markets and frightened investors that interest rates might be subject to politics instead of economic fundamentals.

“If I want him out, he’ll be out of there real fast, believe me,” Trump said in the Oval Office last Thursday. “I’m not happy with him.”

The Fed has held off on further reductions to its federal funds rate, which influences the money supply by setting the interest rate that banks can charge each other for overnight loans. That rate is effectively 4.33%, down a fully percentage point since last August as inflationary pressures appeared to ease.

The Fed had initially raised that rate because of inflation spiking during Joe Biden’s presidency, a byproduct of the global economy recovering from the Covid-19 pandemic and higher energy and food prices after Russia invaded Ukraine in 2022.

But Powell has also been willing to challenge the president’s trade policies. He said last week in a Chicago speech that Trump’s tariff policies would hurt the US economy, a direct warning to a White House trying to sell the import taxes as a long-term positive for the country.

“The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects which will include higher inflation and slower growth,” Powell said last week at the Economic Club of Chicago.

US Treasury secretary says trade war with China not ‘sustainable’

By Josh Boak & Fatima Hussein The Associated Press

WASHINGTON—US

Treasury

Secretary

Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and he expects a “de-escalation” in the trade war between the world’s two largest economies.

But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States and China had yet to formally start.

US President Donald Trump placed import taxes of 145% on China, which has countered with 125% tariffs on US goods. Trump has placed tariffs on several dozen countries, causing the stock market to stumble and interest rates to increase on US debt as investors worry about slower economic growth and higher inflationary pressures.

Details of the speech were confirmed by two people familiar with the remarks who insisted on anonymity to discuss them.

“I do say China is going to be a slog in terms of the negotiations,” Bessent said according to a transcript obtained by The Associated Press. “Neither side thinks the status quo is sustainable.”

The S&P 500 stock index rose 2.5% after Bloomberg News initially reported Bessent’s remarks.

Trump acknowledged the increase in the stock market in remarks to reporters afterward on Tuesday, but he avoided confirming if he, too, thought the situation with China was unsustainable as Bessent had said behind closed doors.

“We’re doing fine with China,” Trump said.

Despite his high tariffs, Trump said he would be “very nice” to China and not play hardball with Chinese President Xi Jinping.

“We’re going to live together

very happily and ideally work together,” Trump said.

The US president said that the final tariff rate with China would come down “substantially” from the current 145%.

“It won’t be that high, not going to be that high,” Trump said.

The Trump administration has met for talks with counterparts from Japan, India, South Korea, the European Union, Canada and Mexico, among other nations. But Trump has shown no public indications that he plans to pullback his baseline 10% tariff, even as he has insisted he’s looking for other nations to cut their own import taxes and remove any non-tariff barriers that the administration says have hindered exports from the US.

China on Monday warned other countries against making trade deals with the United States that could negatively impact China.

“China firmly opposes any party reaching a deal at the expense of China’s interests,”

Wall Street rallies as trade war concerns ease,

strong earnings boost sentiment

By Stan Choe Ap Business Writer

NEW YORK—US stocks jumped in a widespread rally Tuesday, and other US investments steadied a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

The S&P 500 climbed 2.5%.

The Dow Jones Industrial Average

rose 1,016 points, or 2.7%, and the Nasdaq composite gained 2.7%. All three indexes more than made up their big losses from the start of the week.

The value of the US dollar also stabilized after sliding against the euro and other competitors, while longer-term Treasury yields held steadier as more calm returned to financial markets. Sharp, unusual moves for the dollar and for Treasurys have recently raised worries

that Trump’s policies are making investors more skeptical about US investments’ reputation as the world’s safest.

The only prediction many Wall Street strategists are willing to make is that financial markets will likely continue to veer up and down as hopes rise and fall that Trump may negotiate deals with other countries to lower his tariffs. If no such deals come quickly enough, many investors expect the

China’s Commerce Ministry said in a statement.

White House press secretary Karoline Leavitt said the Trump administration has received 18 proposals from other countries for trade deals with the US, adding that “everyone involved wants to see a trade deal happen.”

The uncertainty over tariffs in the financial markets has also been amplified by Trump calling on the Federal Reserve to cut its benchmark interest rate, with the president saying he could fire Fed Chair Jerome Powell if he wanted to do so.

Leavitt said Trump believes the Fed has by holding rates steady as it awaits the impacts of tariffs “in the name of politics, rather in the name of what’s right for the American economy.”

Trump later said that he wanted Powell to “be early” in lowering rates and that he has no intention of firing the Fed chair, despite previously suggesting that he would.

economy to fall into a recession.

The International Monetary Fund on Tuesday slashed its forecast for global economic growth this year to 2.8%, down from 3.3%.

But Vice President JD Vance also said he made progress with India’s prime minister, Narendra Modi, on trade talks Monday. A suite of better-than-expected profit reports from big US companies, meanwhile, helped drive US stocks higher.

Equifax jumped 13.8% after reporting a better profit for the first three months of 2025 than analysts expected. It also said it

International students stripped of legal status in US are piling up wins in court

By Kate Brumback The Associated Press

ATLANTA—Anjan Roy was studying with friends at Missouri State University when he got an email that turned his world upside down. His legal status as an international student had been terminated, and he was suddenly at risk for deportation.

“I was in literal shock, like, what the hell is this?” said Roy, a graduate student in computer science from Bangladesh.

At first, he avoided going out in public, skipping classes and mostly keeping his phone turned off. A court ruling in his favor led to his status being restored this week, and he has returned to his apartment, but he is still asking his roommates to screen visitors.

More than a thousand international students have faced similar disruptions in recent weeks, with their academic careers—and their lives in the US—thrown into doubt in a widespread crackdown by the Trump administration. Some have found a measure of success in court, with federal judges around the country issuing orders to restore students’ legal status at least temporarily.

In addition to the case filed in Atlanta, where Roy is among 133 plaintiffs, judges have issued temporary restraining orders in

states including New Hampshire, Wisconsin, Montana, Oregon and Washington. Judges have denied similar requests in some other cases, saying it was not clear the loss of status would cause irreparable harm.

International students challenge grounds for their status revocation

SECRETARY of State Marco Rubio said last month the State Department was revoking visas held by visitors who were acting counter to national interests, including some who protested Israel’s war in Gaza and those who face criminal charges. But many affected students said they have been involved only in minor infractions, or it’s unclear altogether why they were targeted.

The attorney for Roy and his fellow plaintiffs, Charles Kuck, argued the government did not have legal grounds to terminate the students’ status.

He speculated in court last week the government is trying to encourage these students to self-deport, saying “the pressure on these students is overwhelming.” He said some asked him if it was safe to leave their homes to get food, and others worried they wouldn’t receive a degree after years of work or feared their chances of a career in the US were shot.

“I think the hope is they’ll just leave,” Kuck said. “The reality is these kids are invested.”

An attorney for the government, R. David Powell, argued the students did not suffer significant harm because they could transfer their academic credits or find jobs in another country.

At least 1,100 students at 174 colleges, universities and university systems have had their visas revoked or their legal status terminated since late March, according to an Associated Press review of university statements, correspondence with school officials and court records. The AP is working to confirm reports of hundreds more students who are caught up in the crackdown.

In a lawsuit filed Monday by four people on student visas at the University of Iowa, attorneys detail the “mental and financial suffering” they’ve experienced.

One graduate student, from India, “cannot sleep and is having difficulty breathing and eating,” the lawsuit reads. He has stopped going to school, doing research or working as a teaching assistant. Another student, a Chinese undergraduate who expected to graduate this December, said his revoked status has caused his depression

to worsen to the point that his doctor increased his medication dosage. The student, the lawsuit says, has not left his apartment out of fear of detention.

Tiny infractions made students targets for the crackdown ROY, 23, began his academic career at Missouri State in August 2024 as an undergraduate computer science student. He was active in the chess club and a fraternity and has a broad circle of friends.

After graduating in December, he began work on a master’s degree in January and expects to finish in May 2026.

When Roy received the university’s April 10 email on his status termination, one of his friends offered to skip class to go with him to the school’s international services office, even though they had a quiz in 45 minutes. The staff there said a database check showed his student status had been terminated,

Officials from Ukraine, US and UK meet in London in latest push to stop the war

By Illia Novikov, Aamer Madhani & Jill Lawless

The Associated Press

LONDON—Officials from Britain, the US, European nations and Ukraine will hold talks in London on Wednesday to push for a peace deal between Moscow and Kyiv, but a planned ministerial-level meeting was scrapped after US Secretary of State Marco Rubio pulled out.

British Defense Secretary John Healey said Tuesday that the meeting follows talks last week in Paris and will include “what a ceasefire might look like and how to secure peace in the long term.”

But overnight the UK said the talks would no longer involve foreign ministers. The US State Department said Rubio, who attended the Paris talks, was unable to come because

of a scheduling issue.

UK Foreign Secretary David Lammy posted on X that the talks would now include “officials.” Those attending include retired Lt. Gen. Keith Kellogg, President Donald Trump’s envoy for Ukraine and Russia.

It came amid growing speculation that the US will press Ukraine to cede territory to Russia as part of a potential peace agreement.

During similar talks last week in Paris, US officials presented a proposal that included allowing Russia to keep control of occupied Ukrainian territory as part of a deal, according to a European official familiar with the matter.

Ukraine’s President Volodymyr Zelenskyy pushed back against that idea, saying: “There is nothing to talk about—it is our land, the land of the Ukrainian people.”

Some European allies are wary of the American proposal. But there’s also acknowledgment by some allies that Russia

is firmly entrenched wholly or partially in five regions of Ukraine—Crimea, Luhansk, Donetsk, Zaporizhzhia and Kherson.

If the goal is to obtain a ceasefire immediately, “it should be based on the line of contact as it is,” said a senior French official. The official was not authorized to be publicly named and spoke on the condition of anonymity according to French presidential policy.

Still, Ukraine’s territorial integrity and aspirations to strengthen ties with the rest of the continent are a top priority for the Europeans, the European official said.

It remains to be seen whether the latest diplomatic efforts can lead to an endgame after more than three years of war since Russia’s fullscale invasion of its neighbor.

Britain downplayed expectations of a breakthrough, but says this is an important week for diplomatic efforts to stop more than three years of fighting since Russia’s full-scale invasion of its neighbor.

Trump said last week that negotiations were “coming to a head” and the US might “take a pass” if either of the two sides didn’t move toward peace.

Rubio has also indicated the US might soon

back away from negotiations if they don’t progress, and suggested that Wednesday’s meeting could be decisive in determining whether the Trump administration continues its involvement.

Putin’s foreign affairs adviser, Yuri Ushakov, said US special envoy Steve Witkoff was expected to visit Moscow again this week. Ushakov provided no further details.

Western analysts say Moscow is in no rush to conclude peace talks, because it has battlefield momentum and wants to capture more Ukrainian land.

Prime Minister Keir Starmer’s spokesman, Dave Pares said “the ball’s in Russia’s court.”

“Now is the time for (Russian President Vladimir) Putin to show he’s serious about peace,” he said.

Zelenskyy said Tuesday that Ukraine’s delegation heading to the UK has a mandate to discuss only an unconditional or partial ceasefire with Russia. He said that “after a ceasefire, we’re prepared to sit down for talks in any format.”

Kremlin spokesman Dmitry Peskov cautioned that “the settlement issue is so complex that it would be wrong to put some tight limits to it and try to set some short time frame for a settlement, a viable settlement—it would be a thankless task.”

Delegations from Russia and Ukraine have held separate talks with US officials in Saudi Arabia as Trump tries to make good on his campaign promise to end the war.

Western analysts say Moscow is in no rush to conclude peace talks because it has battlefield momentum and wants to capture more Ukrainian land.

Novikov reported from Kyiv and Madhani from Washington. Angela Charlton in Paris contributed.

but they didn’t know why.

Roy said his only brush with the law came in 2021, when he was questioned by campus security after someone called in a dispute at a university housing building. But he said an officer determined there was no evidence of any crime and no charges were filed.

Roy also got an e-mail from the US embassy in Bangladesh telling him his visa had been revoked and that he could be detained at any time. It warned that if he was deported, he could be sent to a country other than his own. Roy thought about leaving the US but decided to stay after talking to a lawyer.

Anxious about being in his own apartment, Roy went to stay with his second cousin and her husband nearby.

“They were scared someone was going to pick me up from the street and take me somewhere that they wouldn’t even know,” Roy said.

would send more cash to its shareholders by increasing its dividend and buying up to $3 billion of its stock over the next four years.

3M climbed 8.1% after the maker of Scotch tape and Command strips said it made more in profit from each $1 of revenue during the start of the year than it expected. The company also stood by its forecast for profit for the full year, though it said tariffs may drag down its earnings per share by up to 40 cents per share.

Homebuilder PulteGroup rose 8.4% after it likewise delivered a stronger profit for the start of 2025 than analysts expected.

It’s been benefiting from some of the sharp moves in the bond market. Drops for Treasury yields during the first three months of the year translated into lower mortgage rates for potential customers, though yields have been largely rising since early this month.

CEO Ryan Marshall said buyers “remain caught between a strong desire for homeownership and the affordability challenges of high selling prices and monthly payments that are stretched.”

Tesla rose 4.6% ahead of its earnings report, which arrived after trading ended for the day. That trimmed its loss for the year so far to roughly 41%.

Elon Musk’s electric car company had already reported its firstquarter car sales dropped by 13% from the year before. It’s been hurt by vandalism, widespread protests and calls for a consumer boycott amid a backlash to Musk’s oversight of cost-cutting efforts for the US government. Stocks also showed how Trump’s

He mostly stayed inside, turned off his phone unless he needed to use it, and avoided internet browsers that track user data through cookies. His professors were understanding when he told them he wouldn’t be able to come to classes for a while, he said.

New doubts about students’ future in the US

AFTER the judge’s order Friday, he moved back to his apartment. He learned Tuesday his status had been restored, and he plans to return to class. But he’s still nervous. He asked his two roommates, both international students, to let him know before they open the door if someone they don’t know knocks. The judge’s restoration of his legal status is temporary. Another hearing scheduled for Thursday will determine whether he keeps that status while the litigation continues.

Roy chose the US over other options in Canada and Australia because of the research opportunities and potential for professional connections, and he ultimately wanted to teach at an American university. But now those plans are up in the air. His parents, back in Dhaka, have been watching the news and are “freaked out,” he said. His father mentioned to him that they have family in Melbourne, Australia, including a cousin who’s an assistant professor at a university there.

AP reporters Christopher L. Keller in Albuquerque, New Mexico, and Hannah Fingerhut in Des Moines, Iowa, contributed to this story.

tariffs could create winners and losers as he tries to remake the global economy and trade.

First Solar jumped 10.5% after the US Department of Commerce finalized harsher-than-expected solar tariffs on some southeast Asian communities. US defense contractors, meanwhile, had some of the market’s sharpest losses after RTX said tariffs on Mexican and Canadian imports, along with other products, could mean an $850 million hit to its profit this year. RTX, which builds airplane engines and military equipment, fell 9.8% even though it reported a stronger profit for the latest quarter.

Kimberly-Clark lost 1.6% even though the maker of Huggies and Kleenex likewise reported a better-than-expected profit.

CEO Mike Hsu said that “the current environment will now mean greater costs across our global supply chain” versus what it expected at the start of the year, and the company lowered its forecast for an underlying measure of profit this year.

Losers on Wall Street were the exceptions, though, as 99% of the stocks within the S&P 500 index rose. All told, the S&P 500 climbed 129.56

CBCP urges public to respect Church’s independence in choosing new pontiff

By Justine Xyrah Garcia

AS the Catholic Church mourns the passing of Pope Francis, the Catholic Bishops’ Conference of the Philippines (CBCP) has appealed to the public to refrain from endorsing any individual—including Luis Antonio G. Cardinal Tagle—as the next pontiff.

In an interview with Radyo Veritas on Wednesday, CBCP spokesperson Fr. Jerome Secillano reminded the faithful that only the cardinal-electors have the right to decide who will succeed Pope Francis.

“We leave it to the Cardinal-electors to decide who will succeed Pope Francis. It’s not prudent for the people to publicly push for Cardinal Tagle as the next Pope since it may be misconstrued that the conclave can be influenced by outside forces if and when Cardinal Tagle indeed becomes the next pontiff,” Fr. Secillano said.

He emphasized the importance of maintaining the independence of the conclave, the sacred gathering of cardinal-electors who are under the age of 80 at the time of the Pope’s death. The conclave is tasked with the solemn duty of electing the next leader of the Roman Catholic Church.

“The independence of the electors should be respected, and the least that we can do is to pray for Cardinal Tagle and the rest of the Cardinal-electors,” he added. As of now, there are 135 cardinalelectors eligible to vote in the upcoming conclave.

Among them are three Filipino prelates: Cardinal Tagle, the former Archbishop of Manila and current member of the Roman Curia; Kalookan Bishop Pablo Virgilio S. Cardinal David, president of the CBCP; and Manila Archbishop Jose F. Cardinal Advincula.

European cardinals hold 38 percent of the votes, while Asia accounts for 19 percent, Africa 13 percent, the United States and Canada 10 percent, and Oceania 3 percent.

Aside from Tagle, other cardinals such as Pietro Parolin of Italy, Peter Erdo of Hungary, Peter Turkson of Ghana, and Christoph Schönborn of Austria are also named as other possible successors to Pope Francis.

While it remains uncertain who will lead the Catholic Church next, the CBCP stressed that the Church is currently focused on paying tribute to the late Pope Francis. The official date of the conclave is yet to be announced.

BARMM puts in ₧56.2M in educational infrastructure to ‘dismembered’ Sulu

By Manuel T. Cayon @awimailbox

DAVAO CITY—The Bangsamoro government shelled out P56.2 million to Sulu province, ironically a province that was taken out from its jurisdiction, to help it construct those scarce education infrastructure.

Half of this fund would go to a remote elementary school, whose last taste of infrastructure support was still way back in the 1970’s. A separate P30 million would finance the construction of a student center at Sulu State College in Patikul funded under the Special Development Fund (SDF).

“After more than five decades of service to the community, Hassiman Elementary School has reached a long-awaited milestone with the launch of its first major infrastructure development since its founding in the early 1970’s,” the Ministry of Basic, Higher, and Technical Education (MBHTE).

In a groundbreaking ceremony on April 11, the school officially began the construction of two units of two-storey four-classroom buildings costing the BARMM some P25 million and which would be taken from the 2024 Supplemental Transitional Development Impact Fund (TDIF) allocated by Member of Parliament (MP) lawyer Nabil A. Tan.

The project should address the crowded classrooms and the buildings would be equipped with standard MBHTE furnishings, such as armchairs, teacher desks, blackboards, ceiling fans, and separate restrooms for boys and girls.

“This is a significant step not only for the school but for the entire community.

It reflects our continuing commitment to invest in the education and future of our children,” Tan said.

Barangay Tulay Administrator Ohara Hairal expressed the community’s heartfelt gratitude to the Bangsamoro government.

The BARMM also allocated another P1.2

Scam alert: CJ Gesmundo warns public vs fake notices, issuances purportedly issued by courts

Bmillion from the same fund to repair the classrooms of Martirez Elementary School in the capital city of Jolo.

“The P30-million student center at Sulu State College in Patikul would have its groundbreaking this year,” the MBHTE said.

The BARMM has previously announced it would not leave Sulu behind after the Supreme Court acknowledged the province’s vote in the 2020 plebiscite which opted not to be under the BARMM region. Meanwhile, the MBHTE adapted its own version of the national government’s controversial AKAP cash aid, targeting instead the underserved and marginalized Bangsamoro communities to put educational and youth facilities under it so-called Abot Kaalaman sa Pamilyang Bangsamoro’ (AKAP) project.

The AKAP project is supported by the Australian government that was “specifically designed to bring accessible, quality education to geographically isolated and remote communities” across the Bangsamoro region.

“AKAP was designed to ensure that children in remote areas receive a responsive, relevant, contextualized, accessible, and equitable education through the Alternative Delivery Mode (ADM),” said Education Minister Mohagher Iqbal.

While it did not say how much was spent since 2022, the MBHTE reported that as of April, it said reported it has constructed learning centers in 143 barangays that have no schools of their own. Of these centers, 130 were now operational offering preschool to Grade 3 education.

Total enrollment also reached 8,335 learners, comprising 4,087 girls and 4,248 boys, an increase of eight percent from the previous school year 2023–2024.

Three of the AKAP learning centers have likewise transitioned into fully established primary schools: Fukol and Lanting in Talayan, Maguindanao del Sur, and Kakar in Datu Odin Sinsuat, Maguindanao del Norte.

VP’s impeachment trial looms: House leaders claim ‘overwhelming evidence’ of wrongdoing

By Samuel P. Medenilla @sam_medenilla

HOUSE leaders said Vice President Sara Dutere will face an uphill battle to disprove the “damning evidence” that she misused public funds and falsified government records, which resulted to the filing of an impeachment complaint against her.

“We now have information that points to non-existent or suspicious recipients of public funds. That’s not just a violation. It’s a deception,” Ortega said.

“This goes beyond technicalities. This is potential fraud against the Filipino people,” he added. Duterte was impeached by the House of Representatives after 215 of its members voted in favor of it last February.

Both lawmakers made the said remark after Duterte said she is confident she will win in her impeachment trial at the Senate.

Senate President Francis Escudero said the impeachment trial will start by July and concluded by October.

“The evidence we’ve uncovered is substantial, well documented, and rooted in her own actions. This is not political harassment. It is accountability in action,” House Assistant Majority Leader and Zambales 1st District Rep. Jay Khonghun said in statement. Under the Articles of Impeachment filed by the House of Representatives against Duterte last February, lawmakers cited the Vice President’s spending of P125 million in just 11 days and the use of confidential funds by the Office of the Vice President (OVP) even if it has no mandate to do so as grounds for her impeachment. Deputy Majority Leader and La Union 1st District Rep. Paolo Ortega V said they were also able to discover other irregularities in the implementation of OVP, which includes suspicious names of beneficiaries of its programs.

By Joel R San Juan @jrsanjuan1573

AGUIO CITY—CHIEF Justice Alexander Gesmundo on Wedneday warned the public against the circulation of fake orders, notices and other issuances being attributed to the Supreme Court and other courts or offices in the judiciary.

The warning was issued by the CJ Gesmundo during the 2025 Media Summit held at Forest Lodge, Camp John Hay in Baguio City.

“To my countrymen, don’t easily believe notices or subpoenas you receive or see on social media posts that you are being summoned to appear before the court to explain about something,” the chief magistrate said.

“Please make sure the notice is true and correct You need to verify with the court where you are being told to go,” he added.

Gesmundo added that the public may also communicate directly

with the SC, particularly with its Public Information Office (PO) to verify whether the notices they have received are authentic or fake.

“Let’s be cautious and careful so we don’t fall victim to these kinds of scams” he added.

CJ Gesmundo added that the Court had already coordinated with the National Bureau of Investigation (NBI) and the Philippine National Police (PNP) to identify the individuals responsible for the circulation of these fake notices.

“We are safeguarding the judiciary from being used in illegal activities and we don’t want the names of our judges being used for baseless things. These scammers take advantage of the public’s lack of means to verify documents being sent to them purportedly from courts. We must be very careful with these matters,” he stressed.

CJ Gesmundo stressed that all courts use only official communication channels when issuing

orders, notices, and other courtrelated documents.

“These channels may be verified at the respective websites of the Supreme Court, Court of Appeals, Court of Tax Appeals, and the Sandiganbayan For trial courts, these may be verified through the Trial Court Locator section of the Supreme Court website,” he added.

Meanwhile, SC Associate Justice Jose Midas Marquez stressed the importance for the judiciary and the media “to speak the truth, promote justices, and build a more informed and empowered Filipino society.”

In his welcome remarks during the SC-sponsored 2025 Media Summit, Marquez also appealed to his fellow members of the judiciary to continuously engage the media with “openness” and “humility” noting that their decisions and explanations go “beyond the walls of our courtrooms.”

Among the issues discussed during the summit were law and

jurisprudence on elections by Associate Justice Antonio Kho; human rights writs such as the writs of habeas corpus, amparo and habeas data by Associate Justice Marvic Leonen who also gave an overview of legal developments, emerging policies, and the ethical implications surrounding the use of artificial intelligence (AI); and the proposed Court Reporting Guidelines drafted by the Office of the Spokesperson.

“Today’s sessions reflect what I hope will continue to define our relationship…: openness, collaboration, and a shared purpose ” Marquez said.

“Because in this evolving media landscape, your role has never been more vital Information moves faster than ever – sometimes faster than context or fact-checking can catch up That’s why we need you – not just as reporters, but as interpreters, storytellers, and sometimes, the public’s first teachers, if not preachers, of justice,” Marquez added.

Smugglers of faith: Pope Francis’ special moniker for Filipinos

By Malou Talosig-Bartolome

MUGGLERS of the faith.”

‘SThis is the term of endearment of the late Pope Francis to the overseas Filipino workers.

Former Ambassador to the Holy See Grace Princesa said she and Pope Francis shared a “buzzword” or “password” for the Holy Father to remember that she is the Filipino ambassador among the diplomatic corps.

“‘Contrabandistas de la fe’ is our password,” she recalled.

Princesa said Pope Francis first declared that Filipino migrants are “contrabandistas de la fe” during the Simbang Gabi on December 15, 2019.

“I encourage you to be multiply the opportunities of encounter to share your cultural and spiritual richness, allowing yourselves at the same time to enriched by the experiences of others.

“And continue being the smugglers of the faith!” Pope Francis exclaimed during the homily of Simbang Gabi.

This was the first Simbang Gabi presided by the Holy Father himself, at the St. Peter’s Basilica. It is also the first time that a pope presided over a long-held tradition

of Filipinos to attend nine-day novena mass before Christmas.

Princesa, who was assigned in the Holy See from 2019 until 2021, said migration has been one of the top three concerns of Pope Francis whenever she gets the chance to visit him.

The son of Italian immigrants in Argentina, Pope Francis had always appealed to world leaders to treat migrants humanely.

“The Holy Father believes that OFWs are propagating the faith around the world, especially in the Middle East,” she told BusinessMirror.

He formed the Dicastery for Integral Human Development, which promotes among others, the dignity of migrants, the pastoral care of seafarers, and the fight against hu -

man trafficking.

Aside from migration, environment and inter-faith issues were also common issues of concern between The Holy See and the Philippines, Ambassador Princesa said.

Princesa said she found Pope Francis “humble and simple,” qualities she found endearing as she herself is not particularly fond of following protocols.

What she found surprising though was his demeanor of being “very friendly.”

“Napaka-joyful nya, hindi maarte,” she recalled.

Asked if Pope Francis mentioned about the reported extrajudicial killings during the administration of President Duterte, she replied, “No. Not with me.”

In an interview with Rico Hizon in ANC, Pablo Virgilio Cardinal David said Pope Francis had been concerned about his welfare when he has been receiving harassment in 2019.

“Oh, you are that bishop from that diocese. have been following the news,’” Pope said, as quoted by David.

David, then bishop of Kalookan, has been the most vocal critic of Duterte’s anti- drug war policy.

“I didn’t know that he was updated about the news, about his bishops, especially those

PHL, Indonesia defense ties further beefed up

By Rex Anthony Naval

THE Philippines and Indonesia further enhanced their strong security ties as the respective defense ministers of the two nations met on Wednesday.

This was after Minister of Defense of the Republic of Indonesia, Sjafrie Sjamsoeddin, rendered an introductory call to Department of National Defense (DND) Secretary Gilberto Teodoro Jr.

“This high-level engagement follows the meeting between President Ferdinand R. Marcos, Jr. and Indonesian President Prabowo Subianto during a courtesy call at

Malacañang Palace on Sept. 20, 2024,” DND spokesperson Assistant Secretary Arsenio Andolong said.

The visit forms part of Sjamsoeddin’s introductory engagements across Asia and provided an opportunity for both defense officials to exchange views on regional security, maritime cooperation, and bilateral defense initiatives.

“The Defense Ministers discussed security developments in the Indo-Pacific region and affirmed their shared interests as archipelagic nations. They acknowledged that this fundamental similarity as neighbors can further deepen defense and military cooperation through sustained

interaction and engagements at multiple levels,” Andolong said.

The meeting also highlighted ongoing and future cooperation under existing defense agreements, including logistics, defense industry collaboration, and personnel exchanges.

Areas of cooperation explored by both defense ministers include the enhancement of joint operations between armed forces in disaster response, training of Armed Forces of the Philippines’ imams in Indonesia to counter self-radicalization and violent extremism, and sending of Filipino medical specialists in the development of military medicine.

who are going through some difficulties. And you know the kind of difficulties that I was going through in 2019,” David said.

After the meeting with bishops, Pope Francis gave rosaries. As David was about to leave, the pope pulled his arm and said, “Espera [=wait]! May I bless you?”

“That really melted my heart. Can you imagine the Holy Father asking if he could me a special pray over in the context of what I was going through in 2019?

“I said, ‘Holy Father, of course.’ I think I was teary-eyed already when I bowed my head to pray for me.

“And then he said, ‘Stay alive, ok?’” In December 2018, Duterte made a veiled threat against bishops.

“These bishops that you guys have, kill them. They are useless fools. All they do is criticize,” Duterte said.

In 2019, police filed sedition charges against David, former CBCP president Archbishop Socrates Villegas, De La Salle University President Bro. Armin Luistro, Novaliches Bishop-Emeritus Teodoro Bacani Jr., Cubao Bishop Honesto Ongtioco, Fr. Flaviano Villanueva, running priest Fr. Robert Reyes, Fr. Albert Alejo. And Fr. Flavie Villanueva. The charges were later dropped for lack of basis.

“Secretary Teodoro also expressed interest in learning from Indonesia’s extensive experience in indigenous defense production, in line with the recently enacted Republic Act No. 12024 or the Self-Reliant Defense Posture Revitalization Act, designed to establish and bolster the Philippines defense industry,” Andolong said. Both sides looked forward to exploring in-depth collaboration beyond bilateral frameworks, including trilateral mechanisms such as the Indonesia-Malaysia-Philippines (INDOMALPHI) Trilateral Cooperative Arrangement (TCA), regional platforms under the Association of Southeast Asian Nations (ASEAN) which the Philippines will chair in 2026, and the United Nations (UN) through possible co-deployment in peacekeeping missions.

Go leads motorcade in Antipolo City to bring advocacy of service and compassion closer

AFTER a series of motorcades across Mindanao ahead of the Holy Week, adopted son of CALABARZON Senator Christopher “Bong” Go, along with fellow senatoriables Atty. Jimmy Bondoc, Phillip Salvador, and representatives of other Duterte-allied candidates took to the streets of Antipolo City, Rizal, on Monday, April 21, continuing their efforts to connect with more kababayans on the ground, especially in Southern Tagalog this time.

Reaffirming his commitment to grassroots service, Go personally engaged with local communities, highlighting his mission to bring government services

closer to those most in need.

“Mula pa noon hanggang ngayon, hindi ako bibitiw sa inyong tiwala. Isa lang ang hangarin ko: ang magserbisyo satao,lalonasamgamahihirap,” Go said.

The motorcade also served as an avenue to reinforce Go’s vision of uplifting the lives of the Filipino people.

Katumbasngkalusuganangbuhay ngbawatPilipino,” he emphasized, highlighting the importance of bringing closer the healthcare service to the people.

Go, if given a fresh mandate, vowed to continue his commitment to public service under his guiding principle of bisyo ang magserbisyo,” to push for

initiatives that prioritize healthcare, social welfare, and livelihood programs.

Go is the principal author and sponsor of Republic Act No. 11463, or the Malasakit Centers Act of 2019, which institutionalized one-stop shops designed to help indigent patients reduce their hospital expenses.

To date, 167 Malasakit Centers operate nationwide. In Rizal, Malasakit Centers are located at Margarito A. Duavit Memorial Hospital in Binangonan, Antipolo City Hospital System Annex IV in Mambugan, Bagong Cainta Municipal Hospital, and Casimiro A. Ynares Sr. Memorial Hospital in Rodriguez.

A nation’s true wealth: Why the well-being of citizens matters more than economic bracket

THE Philippines’ slow progress towards achieving upper middle-income country (UMIC) status has been a persistent topic of discussion in economic circles. Despite expectations and efforts, the country has faced delays in reaching this important developmental milestone. This protracted transition has become a recurring theme as analysts and policymakers grapple with the factors inhibiting the country’s economic advancement to UMIC classification.

While the National Economic and Development Authority (Neda) now projects this milestone may be reached by 2026, the ongoing debate raises a crucial question: Is the pursuit of this specific classification overshadowing more critical aspects of national progress?

Socioeconomic Planning Secretary Arsenio Balisacan’s recent statements highlight the challenges. Achieving the required 6 percent GDP growth for two consecutive years appears increasingly difficult amidst global economic uncertainties and sluggish export growth. While the government remains optimistic, projections suggest the Philippines may fall short of the target this year. (Read the BusinessMirror story: “PHL won’t hit UMIC status in ’25; goal doable in ’26—Neda,” April 21, 2025).

The fixation on UMIC status, as Balisacan rightly points out, risks diverting attention from indicators that more directly reflect the well-being of Filipinos. Employment rates, poverty reduction, literacy, and hunger levels paint a far more nuanced picture of the nation’s progress than a single GDP figure. These social indicators are the true measures of the country’s success, reflecting the tangible improvements in the lives of 116 million Filipinos.

Of course, the allure of UMIC status is understandable. It promises increased investor confidence, a stronger global reputation, and improved credit ratings. These benefits can unlock new opportunities for economic growth and development. However, the transition also presents potential pitfalls. The Philippines would likely face reduced access to concessional loans and aid, potentially increasing borrowing costs. This necessitates careful planning and fiscal responsibility to navigate the challenges of a higher-income bracket.

The original goal of achieving UMIC status by 2020 was derailed by the pandemic, highlighting the vulnerability of economic targets to unforeseen global events. This underscores the need for a more resilient and diversified economy, less susceptible to external shocks.

Ultimately, the pursuit of UMIC status should not be an end in itself. It should be viewed as a potential consequence of holistic development, driven by investments in education, healthcare, infrastructure, and social programs. Focusing on these fundamental pillars will not only pave the way for sustainable economic growth but also ensure that the benefits are shared equitably among all Filipinos.

While achieving upper middle-income status may bring certain advantages, the government must prioritize the well-being of our citizens above all else. A nation where poverty is reduced, employment is high, and social indicators are strong is far more successful than one that simply meets an arbitrary income threshold.

The elusive UMIC status should not be the sole focus of economic policy; instead, it should be a byproduct of a well-designed development strategy that prioritizes the welfare and well-being of our people. The true measure of progress lies not in a classification, but in the improved quality of life for every Filipino.

BusinessMirror

T. Anthony C. Cabangon

Lourdes M. Fernandez

Jennifer A. Ng Vittorio V. Vitug

Elder titans of crisis: Saviors or saboteurs?

BOUTSIDE THE BOX

ACK in 2000, the world’s power players were a varied lot in age, steering their nations through a pre-9/11 fog. George W. Bush would soon be US President at 54 years old. Jiang Zemin, 74, led China. Atal Bihari Vajpayee, 75, governed India. Vladimir Putin, a youthful 48, had just seized Russia’s helm.

Now, in 2025, the lineup is older and battle-hardened. Donald Trump, 78, returns as US President. Narendra Modi, 74, still rules India. Putin, now 72, remains Russia’s unyielding force. Xi Jinping, 71, dominates China. Age brings scars and scars bring gravitas. Wisdom takes longer along with a few more wrinkles.

Tenure reveals staying power. Putin has held Russia with 25 years of iron control. Xi has shaped China with a 13-year reign of calculated expansion. Modi has driven India since 2014, over a decade of “Hindu-first” governance. Trump’s path is jagged. He led from 2017 to 2021, returned in 2025, but has loomed large in US politics since 2016—a significant force, in office or not.

These men are Grey Champions, a term Strauss and Howe coined in The Fourth Turning (1997). They are not globalist darlings but elders of the Prophet generation, rising when a Fourth Turning —those brutal crises

every 80 to 100 years—strikes. They are not some borderless fantasy. They wield moral determination and spiritual depth, guiding societies through collapse as institutions falter. Grey Champions are not deaf to their people’s voice. They are resolute, principled, and sling rhetoric like a blade, rooted in their nation’s dreams and fears. Age and experience, not charm, grant them clout. Historically, Benjamin Franklin (age 70) fanned US revolutionary flames; Abraham Lincoln (55) mended a fractured nation; and Franklin D. Roosevelt (60) navigated Depression and war. Globally, Winston Churchill (66) defied Nazi terror, Mahatma Gandhi (78) broke an empire with quiet resolve, and Nelson Mandela (75) rebuilt South Africa from ruin. Today, Trump, Putin, Xi, and Modi fit this mold. Trump’s America-first crusade, Putin’s Russian resurgence, Xi’s Chinese supremacy, and Modi’s Hindu-centric vision mirror their

people’s desires, all united in rejecting globalist ideals for national strength. Adored or despised, they reshape history’s course. For their countries, Grey Champions are anchors. Each leader drives “regeneracy,” rallying sacrifice for renewal in this 20-25-year crisis. They are not crafting a global village. They are fortifying their own nation’s castles, and the world can wait outside the gates.

Trump aims to revive US manufacturing. Putin’s energy exports and stronger ties with the Global South through BRICS keep Russia afloat despite sanctions. Xi’s Belt and Road continues to lift more Chinese from poverty. Modi’s reforms have driven India’s GDP making it a tech hub. Globally, they forge a new order where national borders exceed borderless dreams. The US, China, India, and Russia hold 41 percent of the world’s population and 52 percent of the nominal GDP and 52 percent of GDP by Purchasing Power Parity in 2025.

These leaders’ choices ripple outward, and the dangers loom large. This new order fractures global cooperation. Trump’s trade wars strain alliances but force a rethink of global supply chains. Xi’s economic strength challenges Western dominance, even if his nation’s growth slows and deflation looms. Putin’s aggression redraws security maps, destabilizing Europe and pushing Nato to its limits. Modi’s ascent makes India a counterweight in Asia, balancing China’s shadow.

This order fuels a potential global

zero-sum game, with nations hoarding resources, alliances fraying, and conflicts simmering from the South China Sea to Eastern Europe and beyond. This is not a chessboard, it is a minefield, and every step risks a bigger explosion.

These Grey Champions are deciding how this Fourth Turning (20082030) ends. If the Grey Champions fail, breakdown looms. Strauss and Howe argue that a failed Fourth Turning—where leaders cannot navigate the crisis—leads to societal collapse rather than renewal. Trump’s failure could deepen US polarization and cause an economic disaster. Putin risks Russia’s further isolation and rising domestic unrest, fueled by 15 percent inflation and a 20 percent poverty rate. In China, if Xi stumbles, he risks major internal unrest as youth unemployment hit 21 percent in 2024. Modi’s India could fracture along religious and regional lines, derailing its growth as benefits remain uneven.

Failure means only global chaos—resource wars, debt default, and mass migrations spiraling unchecked. These leaders, aligned in fierce national loyalty, must steer through successfully, or history will not wait—it will burn. T.G.Y.F. but do not be over-confident like some local political leaders who think they can outrun history’s fire.

E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis provided by AAA Southeast Equities Inc.

Trump’s trade war shaking pillars of financial system, IMF warns

By Jana Randow & Laura Noonan

PRESIDENT Donald Trump’s trade war is threatening the global financial stability that’s kept banks and insurers safe since the 2008 crisis, the International Monetary Fund warned, as it urged policymakers to bolster their industries’ defenses.

The world has seen a sharp repricing of some assets and heightened volatility across stock, currency and bond markets in response to the latest tariff announcements, the Washington-based lender wrote in a report published Tuesday. More adjustments might be in the pipeline if the economic outlook were to deteriorate.

“Global financial stability risks have increased significantly,” the IMF said, warning that some financial institutions—especially highly leveraged ones—could come under strain. “One main trigger of further selloffs could be geopolitical risk.”

There’s no shortage of that. The implications of Trump’s tit-for-tat trade war with China extend far beyond those two economies, also

affecting countries suffering from uncertainty about their own trade relations with the US.

The Bank of England warned earlier this month that the trade conflict “could harm financial stability by depressing growth.”

At the same time, the Russian invasion of Ukraine continues with a peace accord still elusive, and fighting continues in Gaza as well.

Despite the IMF’s stark warnings, there’s no reason for alarm, according to Tobias Adrian, who heads the lender’s monetary and capital-markets department. It’s true that the magnitude and speed of the market adjustment following the April 2 tariff announcements was “fairly abrupt,” he said in an interview in Washington, “but it wasn’t disorderly.”

‘Stretched valuations’

THERE haven’t been any institutional failures, the global economy isn’t headed for a recession and one thing to remember is that “we really have come from a place of pretty stretched valuations,” he said. “So in some sense, it’s more of a normalization.”

Adrian said that the IMF was examining whether the market turmoil had triggered a “forced unwinding or disorderly unwinding” on a popular highly-leveraged bet known as the “basis trade” which is designed to exploit small mispricings in US government bonds.

“We haven’t seen that, there’s probably some degree of unwinding, but it’s pretty contained,” he added of the recent performance of a strategy that has long spooked watchdogs for its potential to exacerbate market stresses.

“If things go very badly” on the tariff-negotiation front, “we may end up in a concerning place from a financial stability point of view,” he said. “But there’s also a possibility that there’s some resolution of those tensions.”

The IMF, which is holding its spring meetings in Washington this week along with the World Bank, is urging vigilance nonetheless.

“Authorities should prepare to deal with financial instability by ensuring that financial institutions are ready to access central bank liquidity facilities and by being prepared to intervene to address severe liquidity or market function stress,” the report’s authors wrote. They added that sufficient levels of capital and liquidity in the banking sector continue to be an anchor of global financial stability, particularly considering high levels of leverage and growing interconnectedness between banks and nonbanks, a broad swathe of financial institutions spanning everything from insurers to hedge funds and private credit  They also called for the full and timely implementation of the final suite of post crisis reforms, known as Basel III, agreed upon in 2017 to safeguard the banking system from future calamity. Bloomberg

John Mangun

Harvard intensifies funding fight with Trump administration

By David Voreacos & Janet Lorin

HARVARD University sued several US agencies and top officials for freezing billions of dollars in federal funding, significantly ratcheting up a high-stakes showdown with the Trump administration.

The government unlawfully suspended Harvard’s funding after it refused to comply with “unconstitutional demands” to overhaul governance, discipline and hiring policies, as well as diversity programs, lawyers for the university argued in a lawsuit filed Monday in federal court in Massachusetts. The Trump administration has accused the nation’s oldest and richest university of failing to combat antisemitism on campus.

“Over the course of the past week, the federal government has taken several actions following Harvard’s refusal to comply with its illegal demands,” the university’s president Alan Garber said. “We filed a lawsuit to halt the funding freeze because it is unlawful and beyond the government’s authority.”

In a statement on the university’s website, Garber cited the government’s pause in federal funding, threats to block an additional $1.1 billion in grants, a crackdown on foreign students, and the possible revocation of Harvard’s tax-exempt status.

The White House is pushing for sweeping changes at the most elite US universities, and has frozen or is reviewing federal funding to Princeton, Cornell, Northwestern and Columbia universities. At Harvard, the government halted $2.2 billion of multi-year grants on April 14, claiming the school failed to enforce civil rights laws to protect Jewish students.

Harvard’s lawsuit claims that the funding freeze violates its First Amendment guarantee of free speech and the Administrative Procedures Act. It asks a judge to bar the US from freezing the funding and declare the government’s actions unconstitutional.

“The government has not—and cannot—identify any rational connection between antisemitism concerns and the medical, scientific, technological, and other research it has frozen that aims to save American lives, foster American success, preserve American security, and maintain America’s position as a global leader in innovation,” the lawsuit claims.

The White House and the Education Department didn’t immediately respond to a request for comment.

Education Secretary Linda McMahon on Tuesday morning emphasized that the government’s actions were designed to protect students’ civil rights rather than infringe on universities’ free speech. She said she hopes Harvard comes back to the table, signaling there may be a path to deescalating the situation.

“We remain open to talking to Harvard, but they responded by filing a lawsuit,” McMahon said in an interview on CNBC.

Trump escalated his fight with Harvard after the school refused to bow to his administration’s demands. Since threatening its funding, Trump suggested the Internal Revenue Service should tax the university as a “political entity,” a move that would significantly hit the school’s finances and make it harder to raise money from wealthy donors.

Government demands

THE showdown began last month when the government threatened about $9 billion in federal funding to Harvard. Days later, the administration demanded that Harvard remake its governance, transform admissions and faculty hiring, stop admitting international students hostile to US values and enforce viewpoint diversity.

The government also called for scrapping any hiring preferences based on race or national origin, adopting a broad ban on masks and

FPI ready to help govt in negotiating a trade deal with US

Wadding oversight for “biased programs that fuel antisemitism.”

Harvard rejected those demands on April 14, saying it “will not surrender its independence or relinquish its constitutional rights” and that a private university “cannot allow itself to be taken over” by the US government.

McMahon said on CNBC that the demand letter to Harvard was a “point of negotiation” and that she had hoped the university would “come back to the table.”

As part of its legal team, Harvard has hired two conservative lawyers with connections to the Trump administration—William Burck and Robert Hur. Harvard also tapped a lobbying firm, Ballard Partners, where Trump’s chief of staff used to be a partner. The school also named John Manning, a conservative lawyer, as its permanent provost, the second-most powerful leadership role at the university.

“The government has only ratcheted up cuts to funding, investigations, and threats that will hurt students from every state in the country and around the world, as well as research that improves the lives of millions of Americans,” the complaint claims.

The school has a $53 billion endowment but that money is restricted in how it can be spent, meaning the university relies on federal funding. Without that support, the school said in its complaint, it will be forced to either reduce or halt ongoing research projects and terminate employment contracts with researchers, staff, and administrators, or make other cuts to departments or programs.

Campuses across the US were roiled by protests after Hamas, which the US considers a terrorist organization, murdered 1,200 Israelis and took more than 200 hostages in October 2023. Israel’s retaliation against Hamas in Gaza has killed more than 48,000 Palestinians, according to the Hamas-run health ministry.

Other university leaders, including Princeton’s, have expressed support for Harvard’s stance, but they also face pressure from the White House. The administration has already canceled $400 million in federal money to Columbia University and frozen dozens of research contracts at Princeton, Cornell and Northwestern universities.

“All told, the tradeoff put to Harvard and other universities is clear: allow the government to micromanage your academic institution or jeopardize the institution’s ability to pursue medical breakthroughs, scientific discoveries, and innovative solutions,” Harvard argued in its lawsuit.

Presidents of some of the most prestigious universities and small colleges signed a joint letter opposing “undue government intrusion in the lives of those who learn, live, and work on our campuses,” according to a statement from the American Association of Colleges and Universities, a trade group.

“As leaders of America’s colleges, universities, and scholarly societies, we speak with one voice against the unprecedented government overreach and political interference now endangering American higher education,” according to the letter, signed by leaders of schools including Princeton, Amherst College and the Massachusetts Institute of Technology. Harvard named several cabinet secretaries as defendants in the lawsuit, including Robert F. Kennedy Jr., whose agency, Health and Human Services, funds the most research, as well as other agencies including the Department of Defense and the National Aeronautics and Space Administration. Bloomberg

Dr. Jesus Lim Arranza

MAKE SENSE

E are sure that the government is now taking steps to ensure the Philippines can take advantage of the 90-day window that US President Trump has given to trade partners to conclude a bilateral deal that will cure what he deemed as trade imbalances negatively affecting the American economy.

We are, however, concerned because our trade panel has not reached out to our manufacturers, particularly the industry associations belonging to the Federation of Philippine Industries (FPI), to solicit inputs and position papers that we hope will be considered in formulating Manila’s negotiating strategy with Washington.

Note that trade-offs and concessions will affect not just the exporters to the US but also the domestic industries competing with US-made products. Our negotiating panel needs to consider the offensive interest of the exporters while also ensuring the competitiveness of local manufacturers and the agriculture sector.

This is why we are asking the government to immediately launch an extensive consultation with the dif-

ferent industries to gather inputs for Manila’s bilateral trade negotiating strategy with Washington.

We have to make sure that industries are heard so our defensive and offensive interests are balanced.

And we need to move fast because other countries have started talking to the US, including our Asian competitors.

We don’t want our exporters to lose their competitiveness in the US market if we end up not concluding a deal before the end of the 90-day pause on July 8.

The consultation process can start via the submission of position papers of the industry associations indicating their negotiating stance and “wish lists” for incorporation in the notes of the government’s trade panel.

For the FPI’s part, we are now

We are just a call or an e-mail away. The FPI and its memberindustry associations are ready to work with our trade panel to make sure we can come up with a well-balanced negotiating strategy at the soonest possible time.

also urging our member-industry associations to prepare brief and direct-to-the-point position papers and immediately submit them to the Department of Trade and Industry (DTI) to speed up the process.

Trump suspended the implementation of his administration’s reciprocal tariffs for 90 days to allow time for bilateral negotiations with trade partners. Currently, the US is implementing the baseline 10 percent tariffs. After this period, the Philippines is looking at a 17-percent reciprocal tariff should it fail to close a deal with the US, plus a host of other additional levies, including the so-called Section 232 tariffs.

I commend the Philippine Association of Battery Manufacturers (PABMA) for taking the initiative of submitting its position to the government via a letter sent to the Office of the President and the DTI.

TRemember that Trump is not only concerned about tariffs but also the non-tariff barriers, technical barriers to trade, and trade facilitation policies that are affecting American exporters. Our members can also help the Philippine negotiators on these technical aspects. As Trump said, this is tit for tat. As the people on the ground, we are in a good position to help the government determine what we can give and take.

We are just a call or an e-mail away. The FPI and its member-industry associations are ready to work with our trade panel to make sure we can come up with a well-balanced negotiating strategy at the soonest possible time.

Dr. Jesus Lim Arranza is the chairman of the Federation of Philippine Industries and Fight Illicit Trade; a broad-based, multisectoral movement intended to protect consumers, safeguard government revenues and shield legitimate industries from the ill effects of smuggling.

In the letter signed by my  tukayo, PABMA President Jesus R. Montemayor, who is also our president at FPI, the group said it is ready to provide inputs and even share its views on a possible negotiating stance concerning automotive batteries in case the Philippine and US trade negotiators need to compare tariffs and non-tariff/technical barriers to trade on a per-product basis. PABMA also indicated that it is open to the idea of having a low applied tariff on US-made automotive batteries in exchange for a reciprocal level of tariff for Philippine-made batteries entering the American market.

Trump sons’ Bitcoin mining partners had run-ins with regulators

By Olga Kharif

O break into the cryptocurrency mining industry, Eric Trump and Donald Trump Jr. are teaming up with executives who previously founded a miner with the backing of investors implicated in an illegal penny-stock pump-and-dump operation.

The Trump sons and other investors created a new company and merged it with publicly-traded miner Hut 8 Corp., led by Chief Executive Officer Asher Genoot and Chief Strategy Officer Michael Ho. Those executives came to Hut 8 in 2023 when the company bought another miner the two founded called US Bitcoin, which was formed with financial backers who in 2018 settled accusations by the Securities and Exchange Commission of illegal promotion and manipulative trading of microcap stocks.

US Bitcoin’s involvement with those investors, Mark Groussman and John Stetson, was laid out in a Massachusetts state regulator’s enforcement action in 2022 after the company improperly sold shares without registering the offering. Both the SEC case, which did not involve the Hut 8 executives, and the Massachusetts case against US Bitcoin were settled with fines and other penalties without the investors or the company admitting any wrongdoing.

Asked about the connection between now-CEO Genoot and Ho and the investors involved in the alleged pump-and-dump operation, a spokesperson for Hut 8 said “the individuals named were active in the digital currency space many years ago” when Genoot and Ho were still early in their entrepreneurial careers.

“They were merely a small number of the many investors who have invested in businesses formed and led by Mr. Genoot and Mr. Ho,” the Hut 8 spokesperson, Gautier Lemyze-Young, said in a statement. At no point did the investors named in the SEC case hold leadership roles or governance rights in the businesses, he added.

Genoot and Eric Trump, who are both based in Florida and have many mutual friends, hatched the deal to create the new company called American Bitcoin together, Genoot said in a recent CNBC interview.

There’s no evidence to indicate that Eric and Donald Trump Jr. knew about the past regulatory actions. Neither responded to requests for comment. Eric has lavished praise

on the leadership team of Hut 8.

“I think the Hut 8 guys are phenomenal,” Eric Trump said on a conference call to discuss the venture. “They can get projects done in half the time of other builders. It’s one of the things that really attracted me to them, just their willingness to work seven days a week and be pragmatic and get things done using their own hands.”

The Trumps’ foray into Bitcoin mining, in which high-powered computers support the cryptocurrency’s network in exchange for payment in the form of newly issued tokens, was announced on March 31. Hut 8 said the company had contributed nearly all of its ASIC mining computers in exchange for an 80% interest in American Data Centers Inc., a company launched by investors including Eric Trump and Donald Trump Jr. with Dominari Holdings Inc. in February. American Data Centers was renamed American Bitcoin and will operate as a Hut 8 subsidiary.

Eric Trump was named as American Bitcoin’s chief strategy officer. Precise financial details of the deal between Hut 8 and the Trump sons, including what assets the Trumps contributed to the new venture, are unknown. The plan is to eventually take American Bitcoin public, the founders have said.

Prior to their leadership roles at Hut 8, Ho and Genoot started the mining company US Bitcoin in 2020. The miner was created with the help of “material assistance” from Groussman and Stetson, two of the investors who settled with the SEC in the 2018 pump-and-dump case that generated more than $27 million, according to Massachusetts’ financial regulator.

Two years after it was founded, US Bitcoin was the subject of a Massachusetts financial regulator’s consent order for securities violations. The company allegedly sold shares without registering the offering with the state or making the appropriate filings to qualify for an exemption from registration, according to the order. The company was not allowed to sell the securities due to the involvement of Groussman and Stetson in the alleged

pump-and-dump scheme, according to the order.

US Bitcoin agreed to pay a $1 million fine to Massachusetts and restitution without admitting or denying the facts of the case. The company entered into separate settlement orders with regulators in Maryland and Virginia relating to the securities offering.

US Bitcoin, Hut 8 merger US Bitcoin went on to merge with Hut 8 in 2023, with Genoot appointed as president and Ho as chief strategy officer of the combined firm.

After becoming aware of the enforcement history of Groussman and the others, Hut 8 voluntarily reached out to investors and provided them an opportunity to recoup their investment through a rescission offering, said Lemyze-Young, the company’s spokesperson. The company also took action to have investors who were named in the SEC case removed from the shareholder base, he said.

“Hut 8 also proactively reached out to regulators in various states where capital was raised to inform them of the situation and remediation efforts,” Lemyze-Young said, adding that Genoot, Ho and Hut 8 have not had any relationship with Groussman or others involved in the case since 2021.

Hut 8’s purchase of US Bitcoin in 2023 prompted a research report from short-seller J Capital Research. The report, which Hut 8 called “false and misleading,” pointed out concerns over the company’s connections to the investors named in the pump-anddump case, as well as potential conflicts of interest. According to a company filing: “Hut 8’s and USBTC’s directors and executive officers have interests in the business combination that may be different from, or in addition to, the interests of Hut 8 and USBTC stockholders generally.”  Hut 8 later named Genoot as chief executive officer three weeks after the short-seller report.  Ho and Honig WHILE Barry Honig, the alleged leader of the pump-anddump scheme, was not named as an investor in US Bitcoin in the Massachusetts case, Ho’s connection to him dates back to before US Bitcoin. In 2017, Ho sold a company called Kairos Global Technologies to the former Riot Blockchain for $11.9

million two weeks after Kairos was formed, according to SEC filings. In April 2018, Riot disclosed that Honig—one of Riot’s large beneficial owners—was also a beneficial owner of Kairos. The company held only $2 million of mining equipment, according to another short-seller report from Hindenburg Research.

“This was one of many transactions where Michael Ho sold machines and facilities to public and private companies,” Lemyze-Young said. Both Honig and Groussman told Bloomberg News they have no connections to American Bitcoin, the new Hut 8 venture with the Trumps. Stetson could not be reached for comment.

Honig did describe how he came to know Genoot and Ho.

“I met them when they were young kids, in their early 20s, through an introduction,” Honig said in an interview with Bloomberg. “Their business acumen — they said all the right things. It’s like picking a girl up at a bar, I knew at ‘hello.’ They were very articulate, they were very polished. I bet at hello.”  The formation of American Bitcoin follows a promise by Eric Trump’s father, President Donald Trump, to make the US “the undisputed Bitcoin superpower” and ensure that the oldest cryptocurrency is “made in the USA.” In recent months, the Trump family has moved full speed ahead into digital assets, expanding beyond collections of non-fungible tokens and into investments in various cryptocurrencies and a decentralizedfinance project called World Liberty Financial.

“There are no conflicts because I don’t work with the White House,” Eric Trump said in the Bloomberg TV interview earlier this month.  Eric Trump said in the CNBC interview that the foray into mining is part of a wider interest in the crypto industry as an alternative to a traditional financial industry “that had tried to put our family out of business.”

“Having a lot of like-minded people in that industry, who are also getting absolutely maligned by the very people who were coming after us, it brought together a kind of unique allegiance,” he told CNBC. When it comes to Hut 8, he added: “It’s kind of the perfect synergy between myself, Don and a company that’s already amazing. We’re going to go out and do great things.” Bloomberg

Thursday, April 24, 2025

To leverage tariff edge, PHL needs better logistics, labor

By Andrea E. San Juan @andreasanjuan

THEPhilippines must improve its logistics and customs efficiency, strengthen its export base, and upskill its workforce if it wants to “fully leverage” its tariff advantage amid shifting global supply chains, according to a study published by local think tank Philippine Institute for Development Studies (PIDS).

The study titled, “Navigating a New Era of Reciprocal Tariffs: Strategic Implications for the Philippines and Selected Asean Economies,” was authored by former DTI Undersecretary Rafaelita M. Aldaba. She underscored how the Philippines, compared to its regional peers, benefits from a “relatively lower” reciprocal tariff rate, which she noted offers a “strategic opening” to enhance its export com -

petitiveness and attract “reconfigured” global supply chains, among others.

The paper, using a Tariff Exposure Composite Index (TECI), revealed that the Philippines, along with Malaysia, fall within the “moderate-to-low” risk tier, owing to “relatively low reciprocal tariff rates and strong exemption coverage”—particularly for high-value electronics. However, the study pointed out that “Absent a coordinated and for-

FBy Butch Fernandez @butchfBM

INANCIAL problems, notably harassment from loan sharks, and “love life” issues especially cheating spouses, top the reasons for the rising number of suicides among overseas Filipino workers in Hong Kong, officials from two migrant worker agencies told senators on Wednesday. However, Department of Migrant Workers Secretary Hans Cacdac and Administrator Arnel Ignacio of the Overseas Workers Welfare Administration (OWWA) told Sen. Raffy Tulfo in separate testimonies that they are proactively dealing with the matter by, among others, ramping up a continuing financial literacy campaign before and after workers are deployed, and working more closely with Hong Kong authorities.

Tulfo ferreted out the OFWs’ problems when he asked them about the suicide data he had recently gotten as chair of the Senate Committee on Migrant Workers. The hearing he called was focused on implementation issues arising from the Magna Carta for Seafarers which he authored, but he raised the issue of suicides after getting more feedback and insight from a recent trip to Hong Kong.

Tulfo cited data he obtained showing six OFWs were officially reported as suicides in HK in 2023; in 2024, there were five suicides; and as of April 2025, at least one OFW was reported to have committed suicide.

According to Cacdac, lending practices targeting migrants is common in HK, where, “unfortunately,” interest rates of as high as 48 per cent could be legal. The problem is compounded by the dubious modus operandi of loan sharks when they collect on the debts, and this could include relentless bullying and harassment, which some workers may not be able to bear, Cacdac explained.

“We also saw a bigger syndicate” in the lending business, Cacdac told the Senate panel, and this involved the loan sharks demanding that debtors turn over their ATM cards to them. The syndicate then harvests the per-

sonal data of the migrant workers from these cards, and use them for money laundering accounts. This, Cacdac lamented, has caused several OFWs to land in jail, surprised that they have been dragged into moneylaundering operations.

The DMW’s financial literacy campaign has lately focused on advising OFWs to avoid getting loans from loan sharks, “especially multiple loans that they like to offer” and which the workers eventually can barely keep track of.

The financial literacy campaign begins with the Predeparture Orientation Seminar (PDOS) that all OFWs are required to undergo, but Cacdac assured Tulfo they continue to reach out to workers on financing issues even after deployment.

Tulfo strongly suggested that the government require outbound workers to have their immediate family join the PDOS, so they understand the challenges OFWs face abroad. The senator rued that sometimes, OFWs are forced to borrow money because folks back home are either very extravagant spenders or keep pestering them about money.

As for the other main cause of suicides—love life issues—OWWA’s Ignacio told Tulfo that “it is a common problem among Hong Kong OFWs,” especially for those who discover that their loved ones are “cheating.”

“We are expanding our call center” for counselors in the Buendia offices in Makati, and adding to the hotlines, Ignacio said.

Meanwhile, Ignacio assured Tulfo the OWWA will seriously study a proposal to set up some sort of a “pension” fund for OFWs, so they can look forward to some substantial fallback once they exit the overseas job market.

He acknowledged Tulfo’s concern that the “rebate” system for OWWA contributors amounts to hardly anything. A DMW official weighed in and suggested that Tulfo consider filing a bill to support the effort for a solid pension system for ex-OFWs, noting that the current contribution of USD24 every two years is not expected to amount to a substantial sum at the end of a few decades of work.

ward-looking policy response, the Philippines and its Asean neighbors risk becoming passive bystanders in an increasingly fragmented trade landscape.”

The study explained that like Indonesia, the Philippines—scoring a TECI of 2.2—is classified under Moderate Risk.

“It benefits from the lowest reciprocal tariff rate among the Asean-5 (17 percent) and a relatively high exemption coverage of 33 percent, largely due to the structure of its exports,” the paper noted.

Electronics—including semiconductors—account for over 50 percent of the country’s total exports, and many of these products are included in the US exemption list, the paper said.

“This strongly cushions the Philippines from broader tariff disruptions, helping to temper its actual trade vulnerability,” added the study.

Key exempted exports include integrated circuits, memory chips, processing units, and storage devices, which the paper deemed “critical” to global supply chains and thus “strategically favored” for exemption.

However, the study pointed out that the country still faces some exposure. In fact, it said: “Non-exempted exports—such as coconut oil, insulated wires, containers, and select low-tech manufacturing goods—are more vulnerable to cost increases and competition, especially from trade diversion out of China or higher-tariff Asean partners.”

“Despite this, the Philippines is strategically positioned to benefit. Its unique combination of low tariff rate, strong exemption for high-value exports, and moderate strategic exposure creates an advantageous platform for trade redirection, particularly for thin-margin, cost-sensitive goods,” the study authored by Aldaba noted.

To harness this opportunity, however, the country should bolster its industrial base, improve logistics and customs efficiency, and actively promote itself as a stable and efficient export hub amid shifting global supply chains, asserted Aldaba.

The paper noted that the country’s tariff advantage is “tempered” by its modest export base, which

By Justine Xyrah Garcia

THE Commission on Elections on Wednesday issued show-cause orders to three candidates who may have been involved in votebuying and/or abuse of state resources during the campaign period.

Among those asked to explain were Bulalacao, Oriental Mindoro mayoral candidate Ernilio Villas and his wife, vice mayoral bet Edna Villas, who allegedly facilitated the distribution of P2,000 “under the pretense of a work program of the Department of Social Welfare and Development.”

In its letter to the Villases, Comelec’s Committee on Kontra Bigay cited a complaint received on April 7.

By Samuel P. Medenilla

PRESIDENT Ferdinand Marcos Jr. on Wednesday said the inauguration of the Philippines’s first ever Artificial Intelligence (AI)-data center will help ensure the country’s data security.

The chief executive made the remark during the launch of Vitro Inc.’s fifth data center in Santa Rosa, Laguna.

“In today’s world, data is as critical as water and electricity. We need to strengthen further our digital infrastructure, especially for critical, private, and confidential data,” he said.

During the Association of Southeast Asian Nations (Asean) Summit in Laos last year, Marcos called on members of the regional bloc to invest more on cybersecurity amid their growing digital economies.

On the local front, he instructed the Philippine National Police (PNP) to intensify its campaign against cybersecurity and for the Department of Information and Communications Technology (DICT) and the Presidential Communications Office (PCO) to crack down on fake news peddlers online.

The President said Vitro’s new data center will provide a secure storage of digital information for companies nationwide.

Aside from its newly inaugurated facility in Laguna, Vitro also has data centers in Clark, Makati, Parañaque and Cebu.

“As a powerful tool though in the digital age, this mega-infrastructure provides essential protection for sensitive data across the public and private sectors,” he said. He said Vitro can even help bring in more investments in the country, especially as it plans to further expand its operations in the Philippines.

“With these efforts of creating a more digitally-connected and energy-aware environment, the inauguration of VSR [Vitro Santa Rosa] signals the country’s readiness to attract the world’s largest technology companies and showcase our regional competitiveness in the digital space,” Marcos said.

PLDT Chairman Manny V. Pangilinan announced their plan to expand the capacity of their data centers in the next three years to 500 megawatts (MW) with approval of the DICT and the energy support from the Manila Electric Company (Meralco). Currently, Vitro’s VSR has a information technology (IT) capacity of 50 MW, while its other data centers has the following capacity: Makati (12.3 MW); Clark (4.5 MW); Parañaque (2.6 MW) and Cebu (2.4 MW).

“An examination of the complaint and attached evidence ... that you, while being a candidate for Mayor [and Vice Mayor] in the 2025 National and Local Elections, gave and distributed assistance or ayuda of P2,000 per recipient in the guise of a work program of the DSWD which is not normally given to qualified individuals, during the campaign period,” the committee wrote.

Also issued a show cause order was re-electionist Nueva Ecija 4th District Representative Emerson Pascual. He was accused of offering money in exchange for votes in two barangays in Gapan City.

The Comelec noted that in a Facebook video, Pascual was heard offering or promising money “and something of value

in consideration for someone’s vote.”

Under Section 261 (a) of the Omnibus Election Code, any individual who gives, offers, or promises money or anything of value to influence a person or the public to vote for or against any candidate is committing an election offense—regardless if done directly or indirectly.

This complements Comelec Resolution No. 11104 released in February which detailed a significant shift in how votebuying cases will be handled, saying accused individuals will now be presumed guilty until proven otherwise. The guidelines expand the scope of what may be considered vote-buying or vote-selling.

These include the possession or distribution of money, goods, or services alongside campaign materials; long queues formed for cash or giveaways associated with candidates; door-todoor campaigning involving distribution of money or goods; and events like bingo games or talent shows where prizes are given by candidates or their supporters.

Apart from the Villases and Pascual, Comelec earlier issued SCOs to Las Piñas District Representative Camille Villar and Palawan congressional candidate Abraham Mitra for similar allegations. Comelec Chairman George Erwin M. Garcia confirmed that the poll body is currently investigating approximately 150 complaints involving alleged vote-buying and the

G. Imperial (to Italy), along with Consul General Elmer G. Cato,

Editor: Jennifer A. Ng

Companies

BusinessMirror

B1 Thursday, April 24, 2025

ACEN plans to raise ₧30B from stock rights offering

By Lenie Lectura @llectura

ACEN Corp. is raising as much as P30 billion through its stock rights offering (SRO) to support its renewable energy growth and expansion.

“We also just approved the stock rights offering. As we mentioned earlier, the increase in authorized capital stock was to allow fresh equity raising either in the form of SRO or private placement right, or a follow-on offering. But what the board has decided is a stock rights offering of up to P30 billion and with a floor price of P2.30 per share,” said ACEN President Eric Francia after the company’s stockholders’ meeting. In a disclosure to the stock exchange on Wednesday, the company said its board approved the offer and issuance of primary common shares by way of a SRO.

The common shares to be issued will be taken from the current unissued common shares and the increase in the authorized capital stock of ACEN, which increase was approved by the board last March.

The increase in ACEN’s authorized capital stock, the SRO, and the listing of the common shares to be issued pursuant to the SRO are subject to relevant regulatory approvals.

ACEN may launch the SRO in the next few months. “We would like to get it done by September,” company chief strategy officer Jonathan Back said.

The power arm of conglomerate Ayala Corp. said its principal shareholders--ACAC Energy and Infrastructure Corporation and Arran Investment Pte Ltd.--have both

Eindicated their support for the SRO.

Proceeds from the SRO is meant to support the company’s renewable energy (RE) projects.

“The primary focus will be about supporting renewable expansion,” Francia said.

ACEN intends to scale up its attributable renewables capacity to 20 gigawatts (GW) by 2030 from the current 7 GW.

Recently, ACEN completed the installation of all 133 wind turbine towers for the 600-megawatt (MW) Monsoon Wind Power Project in Laos.

Upon completion, the $1-billion Monsoon Wind is poised to become the first wind project in Laos and also the first cross-border renewable power facility in Asia.

PAL makes leadership changes

By Lorenz S. Marasigan @lorenzmarasigan

FLAG carrier Philippine Airlines (PAL) has tapped seasoned aviation executive Richard Nuttall as its new president effective May 29, leveraging his deep expertise in financial recovery and international airline operations to support the carrier’s global expansion strategy.

Nuttall, a British national with over three decades of experience in global aviation, succeeding Stanley Ng, who has served as PAL president and COO since January 2022.

Ng will move into a strategic role as Vice President of PAL Holdings Inc. and join the airline’s board of directors.

“Appointing Richard Nuttall to Philippine Airlines is an important part of our medium-term and longterm strategy of building a robust

Xiaomi delays release of first SUV

XIAOMI Corp. pushed back the debut of its first sport utility vehicle following a fatal accident involving its marquee electric car, a blow to its ambitions to put pressure on Tesla Inc. and BYD Co.

The Chinese company will not start selling the YU7 electric SUV in June or July, its original target, and a new launch date has not been confirmed, according to people familiar with the matter. It also scrapped an unveiling of the YU7 at this week’s Shanghai auto show, they said, asking not to be identified discussing internal planning.

The Beijing-based electronics giant also rescheduled its annual investor day to June from late April, a person familiar with the matter said.

The delay sets back Xiaomi’s $10 billion EV project, which billionaire co-founder and Chairman Lei Jun has described as his last startup endeavor. The company has released just one EV model and an expansion into SUVs would bolster its effort to go after more established rivals such as Tesla and BYD in the world’s largest car market. Bloomberg News

management team and growing our business internationally.

As president, he will play an active role in bringing a global dimension to the Heart of the Filipino, and I look forward to working closely with him in the days and months ahead,” PAL Holdings Inc. President and COO Lucio Tan III said.

Nuttall served as CEO of SriLankan Airlines. There, he led a turnaround that returned the carrier to profitability and helped drive the revival of Sri Lanka’s tourism sector.

He also held a board seat at the SkyTeam Alliance, where he played a key role in overhauling the alliance’s governance to streamline collaboration among member airlines.

“Philippine Airlines has always been committed to working with the best people across all levels, and I welcome Richard Nuttall as a worthy addition to an already formidable team. I am confident that he will cre-

ate and develop sustainable growth for PAL,” PAL Chairman and CEO Lucio C. Tan said.

Joining Nuttall in the new leadership lineup is Carlos Luis Fernandez, who will assume the position of EVP and COO, also starting May 29.

The leadership shake-up comes as PAL pushes forward with its fleet modernization and international expansion. This year, the airline is set to receive the first of nine Airbus A350-1000s, its new flagship for long-haul routes. PAL is also rolling out upgraded A321ceos and expects 13 brand-new A321neos beginning in 2026.

“I am honored to join Philippine Airlines at such a pivotal time. The airline has accomplished so much in recent years, and I look forward to building on that progress as we explore new avenues for growth,” said Nuttall.

PAL Holdings Inc. saw its net in-

come crash to P8.11 billion in 2024, a sharp drop from the P21.78 billion the previous year, as it continues to struggle with soaring expenses and mounting financial charges.

Revenues declined slightly to P178.01 billion from P179.12 billion, as its passenger revenues sank to P154.95 billion from P159.58 billion.

In contrast, the company posted a 6-percent increase in expenses to P160.04 billion from P151.04 billion the year prior, as flying operations, maintenance, aircraft servicing, passenger servicing, and reservations expenses rose.

It also posted P7.02 billion in financing charges and other charges.

In 2024, PAL flew 15.6 million passengers, marking a six-percent rise from 2023, and operated 110,867 flights across its network, a 5-percent increase from the 105,294 flights the year prior.

PepsiCo to continue recycling program

PEPSICO Inc.-Philippine Branch, the delisted local unit of the beverage giant, said it is continuing this year its plastic waste collection program with Evergreen Labs Philippines.

Last year, PepsiCo partnered with Evergreen Labs to support solid waste collection and diversion efforts through its Loop Lokal program.

The said program strengthens the collection and diversion infrastructure needed for the Philippines to meet its increasing targets under the Extended Producer Responsibility (EPR) law.

“Plastic waste is a complex challenge, and addressing it requires steady, collaborative effort. Through our partnership with Evergreen Labs, we’re taking a practical step to strengthen local waste systems while avoiding harmful practices like open burning or co-processing. Instead, we’re supporting a model that upcycles plastic waste into something of value—driving better environmental outcomes and meaningful impact for local communities,” Aditya Ahuja, general manager of PepsiCo for Malaysia and the Philippines (Foods), said.

A critical component of the program is PepsiCo’s investment in strengthening sorting and segregation infrastructure, particularly at the materials recovery facility in Biñan City.

Previously operating at limited

capacity, the Biñan Ecopark is now being transformed into a hub with PepsiCo’s investment enabling the addition of advanced equipment, including the installation of a mechanized sorting line, baling machine and plastic crushing equipment.

These enhancements aim to improve the site’s operational efficiency, streamlined material flow, and increased its capacity for preprocessing and recovery, the company said.

Evergreen Labs also launched the program in Metro Manila, Cavite, Laguna, Cebu, Iloilo and Guimaras Island, activating 11 communities and diverting over 180 metric tons of plastic waste.

“By alleviating the financial burden of incentivizing community participation, the model promotes shared responsibility and demonstrates a scalable, replicable solution for a broader environmental impact,” the company said.

Evergreen Labs implemented a range of community-centric engagement activities, from offering food incentives for plastic donations to partnering with LGUs and local organizations to strengthen existing waste diversion systems.

The collected plastic waste was processed by local partners and turned into boards, lumber, and bricks. These products are now being used and sold locally, creating livelihoods and keeping value within the community.

“Funding from companies like PepsiCo makes it possible for us to design models that directly engage communities in sustainable waste management and environmental conservation. These efforts generate livelihoods, strengthen government systems, and ultimately keep tons of plastic waste out of our oceans and landfills,” Erica Cardoso, managing director of Evergreen Labs, said. VG Cabuag

By VG Cabuag @villygc

ton Properties Philippines Inc., the real estate arm of the Lucio Tan Group, on Wednesday said it would spend some P900 million in capital expenditures (capex) this year, mainly to support property enhancement programs and township redevelopment.

The capex budget includes upgrades in master planning, zoning strategies and amenities designed to “improve long-term asset value and customer experience,” the company said.

“We’re staying focused on what matters—building better spaces, improving the way people live and work and responding to what our markets need. We’re not just building structures, we’re building the future of Eton with clarity and purpose,” Kyle C. Tan, Eton president and CEO, said.

Eton’s net income last year declined by 71 percent to P213 million, from P746 million in 2023. The company said this was primarily due to a one-time P503-million inventory revaluation gain recorded the previous year.

The company noted that core operations remained strong.

PAG-IBIG Fund has launched two new raffle promos aimed at increasing members' awareness of the benefits and favorable terms of the Pag-IBIG Multi-Purpose Loan (Pag-IBIG MPL), while encouraging greater employer engagement — further strengthening its efforts to provide timely financial support to members nationwide.

As part of its initiatives to assist more Filipino workers in addressing their immediate financial needs through the Pag-IBIG MPL, the agency introduced the “Loan to Win!” and “Hatid Pana-Loan!” raffle promos, which offer cash prizes as additional incentives for borrowers and employer representatives.

“In 2024 alone, our Pag-IBIG MPL program assisted more than 3 million members with over P70 billion in cash loans. This highlights the Pag-IBIG MPL’s role as a dependable source of financial assistance for Filipino workers in times of need,” said Secretary Jose Rizalino L. Acuzar, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “In line with President Marcos’ directive to provide accessible and affordable financial services to our citizens, we are launching these promos to assist even more members while recognizing the efforts of employer representatives who actively support their employees’ loan applications,” Acuzar added.

Running from April to December 2025, the “Loan to Win!” raffle promo gives Pag-IBIG members with an approved Pag-IBIG MPL a chance to win cash prizes. Each approved loan during the promo period automatically earns one raffle entry, with bonus entries awarded to first-time Pag-IBIG MPL borrowers, applications submitted via Virtual Pag-IBIG for Employers, or loans worth P50,000 or more. Over

Revenues for 2024 reached P3.1 billion, a 12-percent increase from the previous year’s P2.8 billion. This performance comes amid broader industry challenges, including the exit of Philippine offshore gaming operators and the non-renewal of some retail tenancies, the company said.

The company said it is positioning itself for long-term profitability following key investment decisions made in 2024.

Across business segments, Eton said its leasing portfolio demonstrated resilience despite ongoing market pressures.

The office leasing segment remained a strong contributor, with 134,844 square meters leased, or equivalent to 70 percent of total office gross leasable area (GLA).

The company said high occupancy rates were sustained at major locations, includung Centris Cyberpod One, at 100 percent; Centris Cyberpod Three, 92 percent; and Eton Cyberpod Corinthian, 81 percent.

Commercial leasing also delivered solid results, with 44,364 square meters leased, or 72 percent of retail GLA.

Meanwhile, residential leasing was streamlined to support inventory optimization and conversion to sales.

“2024 showed our ability to stay steady in a shifting market. We stayed focused on delivering longterm value, adapting where needed, and investing where it mattered most,” Tan said.

250 winners will be selected in preliminary draws, leading up to a grand prize of P50,000. Meanwhile, the “Hatid PanaLoan!” raffle promo rewards Fund Coordinators and Employer Representatives who actively help employees secure a Pag-IBIG MPL. Employer representatives earn one raffle entry for every five approved Pag-IBIG MPL applications they facilitate, with additional entries awarded for applications from firsttime borrowers or those submitted via Virtual Pag-IBIG for Employers. Winners in this promo also stand a chance to receive cash prizes, including a grand prize of P50,000. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta expressed confidence that the raffle promos will help even more members benefit from the Pag-IBIG MPL, especially by making them more aware of the program’s affordability and friendly payment terms.

“Through these raffle promos, we hope to empower our Fund Coordinators, Employer Representatives, and especially our members by highlighting the affordability and convenience offered by the PagIBIG MPL,” Acosta said.

“More than just rewards, these initiatives emphasize that the Pag-IBIG MPL is a practical and reliable financial lifeline that benefits members directly. Every loan availed generates earnings for PagIBIG Fund, contributing to higher dividends for our members. Simply put, when members borrow from Pag-IBIG Fund, their repayments ultimately benefit them through dividends,” she added. For complete promo mechanics and draw schedules, visit: • Loan to Win: https://pagibigfund. gov.ph/loantowin/ • Hatid Pana-Loan: https://pagibigfund.gov.ph/hatidpanaloan/ Members may also follow the official Pag-IBIG Fund Facebook page for updates.

PHOTO

Banking on Innovation: Future of BFSI Marketing

THE banking industry is at a critical juncture in its marketing evolution.

According to the “2024 Global Banking CMO Survey” by McKinsey & Co., a staggering 78 percent of banking marketing leaders struggle to keep pace with technological disruptions reshaping customer expectations. This is compounded by the fact that only 31 percent of banking Chief Marketing Officers (CMOs) believe their teams possess adequate AI literacy, highlighting the significant technology gap.

Digital acceleration has created an unprecedented demand for hyperpersonalization, with Accenture Plc reporting that 67 percent of customers expect financial institutions to understand their unique needs. However, this demand exists in tension with privacy concerns, as 83 percent of customers express anxiety about data security amidst a 39 percent increase in sophisticated phishing attacks targeting banking customers in 2024.

In the Philippines, bank marketers face distinct regional challenges. The specific regulatory frameworks create a unique operating environment for Filipino financial institutions. Local marketers have noted difficulties with digital advertising effectiveness, particularly due to policies that limit certain customer engagement mechanisms. These constraints impact marketing performance metrics, necessitating alternative strategies that effectively reach consumers while navigating compliance requirements.

These exciting times underscore the importance of the mandate of the Banking Marketing Association of the Philippines (BMAP). Our primary focus must be facilitating continuous upskilling of local marketers to maintain global competitiveness amidst rapidly evolving technologies. To this end, we are thrilled to announce the launch of a new education series and organize gather-

Banking&Finance Tax incentives await investors in education-related projects

By Reine Juvierre Alberto @reine_alberto

Hings that bring together banking, financial services and insurance (BFSI) leaders, technology experts, policymakers, and practitioners in modern marketing.

We are continuing our strong collaboration with the Asian Institute of Management on our Bank Marketing Academy project, which will be launched this June. We are also partnering with the marketing transformation agency Mulles & Ocampo to drive this initiative.

As Patricia Mulles, founder and CEO, notes: “We are honored to support the BMAP’s mission by connecting banking marketers with cutting-edge technology platforms and industry leaders. The Filipino banking sector has immense potential to lead in digital innovation, but this requires intentional skills development and knowledge sharing.”

Beyond education, the BMAP will spearhead discussions around marketing governance in the age of AI, blockchain, sovereign identities, and other emerging technologies. This represents an opportunity to establish the BFSI industry as advocates for policy development, continuous learning, and customer financial literacy—supporting Filipinos’ journey toward financial freedom and contributing to nation-building. We aspire to truly become banks of the future: socially responsible institutions committed to the nation’s prosperity.

Together, we can achieve great things and drive the future of banking in the Philippines. For more information, visit www. bmap.org.ph or https://facebook.com/ BankMarketingAssociationPH

Eric Montelibano is a consultant of Integrated Marketing and Communications at CSBank (Citystate Savings Bank) and the president of the Bank Marketing Association of the Philippines (BMAP). He can be reached via erichmontelibano@gmail. com. The writer’s views and his written piece do not necessarily reflect those of the BusinessMirror and BMAP.

InLife to sell insurance products online soon

THE 115-year-old Insular Life Assurance Co. Ltd.

(InLife) revealed plans to sell insurance products online to expand its reach.

On the sidelines of the insurer’s event last Wednesday, InLife Chief Product and Innovation Officer Jose Eduardo O. Ang told reporters they will launch insurance offerings online through a third-party digital ecosystem. Ang didn’t identify the entity the insurer will hire.

“More and more generations now prefer doing everything independently. If you can do it on your phone, you can figure things out yourself, why not? So we’re still looking at opportunities down that line,” he said. “We are quite excited because we are trying to approach these things in novel ways that haven’t been tried before here in the Philippines.” The insurance products are anticipated to go live in the market within the next six to 12 months, but will depend on the build and approval from the Insurance Commission, Ang explained.

The company is also looking to launch three or four insurance products every year, which “will be supplemented by refinements of existing offerings.” After gaining traction on its health insurance products, Ang said the new offerings will focus on health.

He added that the price point of the insurer’s digital offerings will be similar to the cost of micro insurance, which should not exceed P48.38 per day, based on the current P645 minimum wage.

“We are hoping that when launch does come, we do come out with something exciting, new, or refreshing, at least, to the market,” Ang said. Insular Life, the first domestic life insurance company in the country established in 1910, has an asset base of P155.918

OPING to encourage private sector investment in human capital development, the Department of Finance (DOF) slashed steps so private entities can enjoy tax incentives for education-related initiatives.

The move is contained in DOF Circular 13-2025, which simplifies the procedures and requirements in availing tax exemptions and incentives to private entities under existing laws for education and training.

“By prioritizing education, we are accelerating not only national development, but more importantly, we are creating more opportunities to uplift the lives of every Filipino through strategic human capital investments,” Finance Secretary Ralph G. Recto said in the circular.

The DOF Circular came as a new study from the Philippine Institute for Development Studies (PIDS) identified “deep-seated vulnerabilities that persist today” in the highereducation sector.

“The study identifies several areas that require urgent attention, such as addressing staffing shortages, updating quality assurance systems, and the need for stronger partnerships,” read a statement by the PIDS issued last Wednesday.

The government think-tank also flagged “inefficiencies in the use of the Higher Education Development Fund,” which, PIDS said, “have reduced its effectiveness, with only 65.2 percent of the budget utilized for programs like infrastructure and faculty development.”

The PIDS encourages the Commission on Higher Education “to increase budget allocations to expand resources, provide training for staff and adopt digital tools for monitor-

ing and evaluation.” “Partnerships with local and international institutions and regular stakeholder engagement are also advised to promote knowledge sharing, implement best practices, and maintain responsive policies,” the agency added.

Exemptions, deductions

IT appears that the DOF is responding to these challenges via Circular 13-2025 as it would grant private entities entering into an agreement with a public school to provide assistance a deduction from the gross income of the amount of contribution or donation that was directed and exclusively incurred for the program.

An exemption from donor’s tax will also be provided if the local donation is not considered as a “transaction deemed sale.”

If the local donation is a “transaction deemed sale,” the donor can still claim the available input tax, subject to the rules on allocation among taxable sales, zero-rated sales and exempt sales.

Meanwhile, enterprises implementing an Enterprise-based Education and Training (EBET) are also entitled to an additional deduction from taxable income equivalent to 50 percent of actual training expenses until 2027.

Donations, contributions, bequests, subsidies or financial aid within the taxable year will be exempt from paying donor’s tax and will be deducted from the gross income of the donor.

The circular rides on several laws like Republic Act (RA) 8525 (Adopta-School Act of 1998) and RA 12063 (EBET Framework Act).

Signed by then-President Fidel V. Ramos, RA 8525 encourages private companies to help upgrade and modernize public schools in the country, “preferably located in any of the 20 poorest provinces identified” by the government.

RA 12063, meanwhile, harmonizes the different EBET modalities under one framework to address unemployment and job skills mismatch. It also provides tax exemption for “donations, contributions, bequests, subsidies, or financial aid actually paid or made to a technical-vocational institution implementing theoretical instructions for EBET programs.” A statement by the DOF read that its 13th circular is “in line with the goals set out in the Philippine Development Plan (PDP) 2023 to 2028, which highlights the critical role of public-private partnerships (PPPs) in delivering access to quality, inclusive and workforce-responsive education and training programs to Filipinos.”

Online lending firms’ harassment of borrowers scored

By Butch Fernandez @butchfBM

ENATOR Sherwin T. Gatchal-

Sian has reiterated the need for a measure prohibiting unfair debt collection practices of online lending companies, as he lamented the harassment experienced by many borrowers from online lending companies.

“These lenders made it so easy for people to incur debt. But with

just a day’s delay in payment, they immediately clamp down and terrorize the borrower. They even shame them before the community or sending wreaths for the dead or bullets to their homes,” Gatchalian said, partly in Filipino, as he cited numerous complaints received by his office.

The senator earlier filed Senate Bill 818, or the proposed “Fair Debt Collection Practices” law, which seeks to prohibit a debt collector from

Longest Asian bond deal drought in years ceases

AUNIT of South Korea’s Hanwha Group started marketing a dollar bond Wednesday, ending a dry spell for debt offerings this month in the US currency from emerging Asia excluding China.

The deal may be harbinger of a slow return by borrowers in the region to the market after President Donald Trump’s higher tariffs caused issuers to put off deals.

Hanwha Futureproof Corp., which invests in companies in the US involved in renewable energy and other technologies, is looking to price a note, according to a person familiar with the matter who asked not to be identified. If the deal prices, it would end the longest gap for such offerings since January 2023, Bloombergcompiled data show.

Global markets got a boost from comments by Trump on Tuesday when he floated a possible deal with China to “substantially” cut the 145 percent duties he has placed on Chinese shipments. Bank of the Philip -

pine Islands was the last borrower from emerging Asia outside of China to price a dollar bond, when it sold an $800-million note on March 27.

KT&G Corp. and Hana Securities Co., which had earlier mandated banks for potential US-currency notes, plan to price their deals as early as Thursday, according to people familiar with the matter. The US high-grade market on Tuesday saw borrowers take advantage of healthy investor demand to price deals.

Dollar bond sales in Asia outside Japan slumped to $6.6 billion this month compared with more than $35 billion in March, data compiled by Bloomberg show.

Spreads on Asian dollar bonds tightened about 10 basis points to 157 basis points on Wednesday after touching their highest since September earlier this month, a Bloomberg index shows. Traders indicated Wednesday that spreads on better-rated notes from the region tightened at least two basis points. Bloomberg News

engaging in any conduct to harass, oppress, or abuse any debtor in the collection of money owed.

The bill specifically prohibits the use or threat of violence, use of obscene or profane language, and disclosure of borrowers’ names.

“Lenders have the right to collect, but they must do it the right way. It should be just and legal means of collection, and not through harassment or death threats,” he emphasized.

Gatchalian urged the Security and Exchange Commission (SEC) to adopt more stringent requirements relating to the registration of online lending companies, noting that the minimum capitalization for lending companies is only Php 1 million, regardless of the number of online lending apps (OLAs) that they are operating. Currently, there are 117 lending and financing corporations and 181 OLAs registered with the SEC.

Treasury auctions viewed as litmus test for foreign buyers

INVESTORS keen for early insight into whether China and other foreign governments remain eager to keep buying US Treasuries are turning to this week’s slew of bond auctions.

In addition to bills, the US Treasury is selling $183 billion in two-, five- and seven-year notes—the first sales for some tenors popular with overseas buyers since President Donald Trump announced reciprocal tariffs that upended global trade earlier this month.

Scrutiny will be particularly strong on the results of the $70 billion five-year auction on Wednesday because over 60 percent of foreigners’ holdings are concentrated at that maturity or less, according to the latest data from the Treasury and Federal Reserve. A sale of seven-year notes follows on Thursday.

The auctions are a “litmus test” of foreign appetite for US debt amid Trump’s trade war, according to Gareth Berry, a strategist at Macquarie Group Ltd. in Singapore. There has been speculation China, the second-largest foreign holder and a key target of Trump’s tariffs, may abstain from buying more debt as a retaliation tactic.

“The size of the indirect bid in this week’s Treasury auctions should be a big focus,” said Berry. “Foreign official holdings are tilted towards the frontend, so the fact that we have five and seven year note sales coming up means this would be an important indicator of global interest.”

Treasuries rallied last Wednesday, with the benchmark 10-year yield falling as much as seven basis points to 4.33 percent. Gains were led by longer maturities, with the 30-year yield dropping nine basis points to 4.78 percent, its lowest in nearly a week, while the five-year equivalent slipped three basis points to 3.96 percent. The market was supported after Trump said he has no intention of firing

Federal Reserve Chair Jerome Powell, dialing back rhetoric which triggered broad market volatility earlier in the week. In the first of the week’s Treasuries auctions on Tuesday, indirect bidders— the category that includes foreign central banks bidding through the Fed—took 56.2 percent, their lowest share in two years. Dealers were left holding 13.7 percent of the $69 billion-worth of new twoyear notes, more than the average of 11.6 percent for the previous six offerings. However direct bidders—typically large investors that circumvent dealers—won 30.1 percent, among the highest shares on record in data since 2004. For Martin Whetton, head of financial markets strategy at Westpac Banking Corp., the “sweet zone” for overseas buyers is the five-to-seven year part of the US curve, which provides a clearer litmus test for foreign appetite. “I just don’t

THE production line manufacturing solar panels at the Hanwha factory in Jincheon, South Korea. PHOTOGRAPHER: SEONGJOON CHO/BLOOMBERG

Thursday, April 24, 2025

‘NFA has ample funds to buy more paddy rice’

TBy Ada Pelonia @adapelonia

HE National Food Authority (NFA) said it has enough money to purchase more unmilled rice from farmers even after its stockpile shot up to a 5-year high.

NFA Administrator Larry Lacson said the agency can still buy around 500,000 metric tons (MT) of palay--equivalent to approximately 6.3 million 50-kilogram bags of milled rice.

2020. The agency attributed this to higher palay buying price that averaged P27 a kilo last year and around P24 this year.

Under the revised Rice Tariffication Law (RTL), the NFA is now mandated to maintain a 15-day national rice buffer stock—up from the previous 9-day requirement.

“All rice under this reserve must be sourced from local farmers to support domestic agriculture.”

The increase in the agency’s palay procurement in recent months allowed it to build up a buffer stock equivalent to 7.17 million 50-kilogram bags of milled rice or 358,500 MT--a volume enough to feed all Filipinos for nine days.

The NFA said this is its highest inventory level since the end of

“So far this year, we’ve spent only P2.6 billion of the P14.6 billion available to us for palay procurement. This includes unspent funds of P5.6 billion carried over from the 2024 budget,” Lacson said in a statement.

The NFA said it is currently upgrading its storage infrastructure, including warehouses and handling facilities to accommodate a higher stockpile of 555,000 MT of rice, or 880,000 MT of palay. When the RTL was first implemented in 2019, the NFA held buffer stocks equivalent to just over 492,000 MT, much of it composed of imported rice.

However, the NFA’s role has

of rice sacks at a warehouse in the National Food

significantly changed under the RTL. It is no longer allowed to sell rice directly to the public, a departure from its pre-RTL operations. Its current mandate limits public sales to “aging stocks”—milled rice that has been stored for at least two months since processing.

Govt hits rice mechanization goal for 2024—PhilMech

By Andrea E. San Juan @andreasanjuan

THE Philippine Center for Postharvest Development and Mechanization (PhilMech), an attached agency of the Department of Agriculture (DA), said it achieved its rice mechanization targets for 2024.

In its 2024 accomplishment report submitted to Agriculture Secretary Francisco P. Tiu Laurel Jr., PhilMech said it deployed 5,030 units of rice production and post-harvest equipment, including tractors, seeders, harvesters, dryers, and milling systems.

Of these, 2,450 were funded by the 2024 budget and 2,580 were carried over from previous years. The agency said it also procured 4,784 new units, exceeding its annual procurement goal.

In a statement on Wednesday,

Local hog farms

STATE -run Food Terminal Inc. (FTI) said it will promptly pay for hogs that farmers will deliver under a pilot program that aims to lower pork prices.

FTI President Joseph Lo also called on more hog farms to participate in the pilot program.

At a market visit on Monday in Marikina City, Lo said the initiative, which was launched last March 31, has enabled participating retailers to offer pork cuts at prices at least P20 below the maximum suggested retail price (MSRP) of P380 per kilo for liempo and P350 per kilo for pigue and kasim.

As part of the pilot, the Department of Agriculture (DA) said the local subsidiary of Thailand’s Charoen Pokphand Foods PLC

PhilMech said a major highlight of its mechanization drive is the installation of Rice Processing Systems (RPS), which “significantly” boosted milling recovery rates to as much as 65 percent.

“This improvement means that for every 100 sacks of palay, 63 sacks of rice are now produced instead of just 55 bags at the minimum—translating to greater output and income for farmer cooperatives.”

Since the start of the program, it said 104 RPS units have been established nationwide, 98 of them under the administration of President Ferdinand Marcos Jr.

Meanwhile, PhilMech said it expects to complete the delivery and installation of 47 more units covered by Phase 1 of the Rice Competitiveness Enhancement Fund (RCEF) program. Backed by the Rice Competitive -

ness Enhancement Fund (RCEF)— a key provision under the Rice Tariffication Law of 2019—PhilMech said its mechanization initiative aims to lower rice production costs by up to P3 per kilo and reduce post-harvest losses by as much as 5 percent.

RCEF, with an annual budget of P10 billion, is funded through tariffs on rice imports. It was recently extended, with annual allocation tripled to P30 billion starting 2026, with the amendment of the RTL.

The agency said it credits its success to a “stringent” beneficiary validation process, involving field and desk evaluations.

“Over 2,000 cooperatives and LGUs were selected in 2024 based on their capacity to use and maintain the equipment. In parallel, PhilMech coordinated the timely delivery of machines through both

urged to join FTI pilot program

(CP Foods) has been supplying 100 live hogs daily to a Caloocan slaughterhouse.

“The pilot test has been very successful,” Lo said in a statement.

“Over the first 21 days, we’ve handled more than 2,000 pigs, and participating sellers have been able to price liempo at P360 per kilo, and kasim and pigue between P330 and P340 per kilo. We are inviting more hog farms to join this program. FTI guarantees prompt and proper payment.”

Lo said the cost of raising a pig ranges between P165 and P80 per kilo.

“We believe a farmgate price above P230 per kilo is already an indication of profiteering,” he said. “A margin of P50 to P65 per kilo—roughly P5,000 to P6,500

per 100-kilo pig—we believe, is already a fair return.”

CP Foods joined the pilot program of the Philippine government after signing a memorandum of agreement with the FTI chief.

Hogs from CP Foods will be sent directly to a slaughterhouse in Caloocan, where the distributors and viajeros will receive them rather than transporting them from various farms.

The hogs will then be processed for fresh pork and delivered to different retailers in various wet markets.

Under the partnership, the trial program will run from April to June, with the pork sold in retail markets around Metro Manila,

ceremonial turnovers and direct on-site deployments.”

On the training aspect, PhilMech said it exceeded its training targets by conducting 170 sessions with 4,004 participants.

“Mechanizing rice production helps our aging farmers work more efficiently and increases their productivity,” the DA chief said.

“Modern agriculture will also attract younger farmers and investors, ensuring long-term food security and job creation.”

He said these machines can help cut the cost of producing each kilo of palay, and ultimately, the price of rice on our plates.

As of end-2024, PhilMech said it procured 32,694 machines under RCEF and distributed 30,549 units to 7,493 beneficiaries. The remaining deliveries and installations are scheduled for completion by June 2025.

Rizal, and Cavite (See: https://businessmirror.com.ph/2025/04/01/cp-foods-fti-sealhog-supply-deal/).

Meanwhile, despite multiple consultations with stakeholders including hog raisers, traders, and retailers, Agriculture Assistant Secretary for Consumer Affairs Genevieve Velicaria-Guevarra noted that compliance with MSRP remains low.

In the 10 markets jointly inspected by the DA and the Department of Trade and Industry (DTI), compliance averaged only around 20 percent.

Guevarra said the DA will begin issuing notices to stakeholders this week, “requesting them to explain their inability to comply with the MSRP.”

“We’re coordinating closely with the DTI, which holds the enforcement authority on pricing matters.” Andrea E. San Juan

US will work with foodmakers to stop use of synthetic dyes

THE United States Depart -

ment of Health and Human Services plans to phase out artificial food dyes by working with food companies that rely heavily on them to produce everything from breakfast cereal to salad dressing.

Food and Drug Administration

Commissioner Marty Makary said Tuesday that the agency would work with the industry to eliminate six synthetic dyes by the end of 2026, including Red 40, Yellow 5 and Blue 1. The FDA will also ask the industry to eliminate Red 3 before 2027, the timeline set by the Joe Biden administration.

As of April 11, the NFA held 1.1 million bags of milled rice, a mixture of newly milled and those that fall into the aging stock category. Agriculture Secretary Francisco P. Tiu Laurel Jr. said the government’s rice reserves enable the state to support vulnerable

communities via governmentrun programs.

“We continue to explore ways to better manage the NFA’s aging rice stocks, while ensuring that the most disadvantaged Filipinos receive the assistance they need,” he said.

Last month, the agriculture chief said the NFA would need to procure some 20 percent of domestic output to influence palay prices.

“The NFA also needs additional resources to buy a larger volume of palay—around 20 percent of the supply—to influence market prices.”

He said the grains agency is grappling with a limited budget which hampers it from purchasing “significant” volumes from farmers and managing rice inventories through regular sales to the public as it was stripped of its regulatory powers.

Average international price of pork fell in 2024—report

THE average international price of pig meat was lower last year as exporters expanded their inventory and China’s appetite for imports waned, according to the Food and Agriculture Organization of the United Nations (FAO).

In a report, FAO said the average price of pig meat fell by 2 percent last year. Among the meat products monitored by FAO, only pork posted a decline in prices.

“Pig meat prices declined due to persistently sluggish import demand in Asian markets, particularly in China, coupled with ample exportable supplies from major exporting countries.”

FAO noted that pig meat production in the European Union rebounded after two consecutive years of contraction, supported by an abundant piglet supply, increased slaughter numbers, and lower feed costs.

In the United States, output surged particularly in the second half of the year, driven by higher carcass weights, lower feed costs and productivity gain.

“Brazil also recorded a slight production increase, driven by robust global demand, lower production costs, and rising domestic consumption.”

The Philippines, which continues to grapple with African swine fever (SAF), buys pork from European countries and Brazil.

“Tight domestic supplies fueled higher pig meat imports, further supported by the extension of import tariff reductions until 2028.”

The Philippines resorted to importing pork to prevent retail prices from skyrocketing to unprecedented levels as ASF continues to ravage local farms.

“By contrast, China--the world’s largest pig meat importer—recorded a sharp decline in imports, reflecting weak consumer demand.”

FAO said its meat price index average 117.3 points in 2024, up 3.2 points or 2.8 percent from 2023.

Ovine meat prices registered the steepest increase at 9.1 percent, followed by bovine meat (6.7 percent) and poultry meat (1.5 percent).

“Much of the increase occurred in the first eight months of the year, driven by robust import demand from key meatimporting countries due to supply constraints.”

FAO noted that poultry meat prices surged year-onyear, peaking in August 2024, due to strong global demand, as poultry remained the most cost-effective option for many consumers.

However, in the last four months of 2024, the UN said poultry meat prices eased due to improved supply availability, mainly from Brazil, despite production challenges arising from bird flu outbreaks in several producing countries. Ada Pelonia

flavored applesauce.

“Why are we taking a gamble?” he said. “This administration is not interested in continuing down a path of doing the same old things as we watch our nation’s children get sicker.”

While the FDA will work with the industry to phase out most dyes, Makary said it plans to revoke authorization for two lesser-known ones, Citrus Red 2 and Orange B. Otherwise, Kennedy said HHS and FDA have an “understanding” with the industry on getting dyes out of the food supply.

“Let’s start in a friendly way and see if we can do this without any statutory or regulatory changes, but we are exploring every tool in

The voluntary effort is a better outcome for food companies than a ban on most dyes many in the industry feared when HHS Secretary Robert F. Kennedy Jr. was appointed. Makary linked artificial colors to hyperactivity, obesity, diabetes and cancer in children.

the toolbox to make sure this gets done very quickly,” Makary said.

But a food reviewer at the FDA said employees who work on food safety were not informed of the announcement, and it remains unclear how the agency plans to implement its plan.

The Consumer Brands Association said in a statement that ingredients in America’s food supply “have been rigorously studied.”

The association said it’s urged the government to prioritize ingredient research “that is objective, peer reviewed and relevant to human health and safety.”

Scott Faber, senior vice president of government affairs at Environmental Working Group, called the announcement “less than a nothing burger,” adding that there was no corresponding agreement

from the food industry.

Consumer Reports said in a statement that a voluntary federal effort to remove dyes “could take years to achieve” and that states should pursue their own bans to ensure Americans are protected.

And the Center for Science in the Public Interest pointed out that there was no rulemaking announcement on banning dyes. “History tells us that relying on voluntary food industry compliance has all-too-often proven to be a fool’s errand,” the center said in a statement.

Dye concerns KENNEDY has targeted artificial food dyes as part of his agenda to address the underlying causes of chronic illness. Health advocates have said for years that synthetic

colors add no taste or nutritional value but make unhealthy foods more visually appealing. There are also concerns that the dyes may be carcinogenic or trigger hyperactivity in some children.

Food and beverage companies have argued that synthetic dyes are safe. They’ve said it could take time to remove them from the supply chain and natural dyes are more expensive. The FDA also said it would work quickly to authorize natural dyes, including butterfly pea flower extract.

Artificial dyes are used in a wide number of foods, especially those popular with kids, such as WK Kellogg Co.’s Froot Loops and General Mills Inc.’s Lucky Charms. They’re also in sugary drinks, including Coca-Cola Co.’s Fanta and PepsiCo Inc.’s Mountain Dew and Gatorade. The dyes even appear in some pickles, smoked salmon and

“I can’t wait to enter a grocery store and not have to worry about artificial food dyes anymore,” food activist Vani Hari said in an interview. Hari, also known as her social media moniker Food Babe, called the FDA’s move the result of a “massive grassroots campaign.” States including West Virginia and California have passed laws to regulate the use of food dyes. Kennedy traveled to West Virginia last month to tout the state’s new law to ban seven artificial dyes from school lunches and eventually from all food items in the state.

Food and beverage lobbying groups have railed against West Virginia’s law. The American Beverage Association points to industry-supported studies that found no clear link between synthetic food dyes and neurobehavioral effects, like hyperactivity. Bloomberg News

STOCK

Authority in Valenzuela City on February 19, 2025. PNA PHOTO BY BEN BRIONES

Apple, Meta hit by modest European Union tech fines

Apple Inc. and Meta Platforms Inc. were hit by relatively modest European Union fines totaling €700 million ($798 million) for violating tough new antitrust rules for Big Tech, following warnings of harsh retaliation from US President Donald Trump.

EU regulators levied the penalties — €500 million against Apple and €200 million against Meta — under its Digital Markets Act, which includes a list of dos and don’ts mainly aimed at Silicon Valley giants.

“Apple and Meta have fallen short,” EU antitrust chief Teresa Ribera said on Wednesday. “All companies operating in the EU must follow our laws and respect European values.”

The punishments—the first under the DMA — are far lower than previous penalties under traditional EU competition law, and are likely to be seen as an attempt to avoid further provoking Trump, who recently laid out a swath of tariffs on global economies. He’s specifically called out the EU’s tech regulations as the kind of non-tariff trade barrier that his so-called reciprocal tariffs are intended to target. The European Commission said that Apple had failed to allow developers to link out from its App Store in order to make sales outside of the company’s marketplace. Meta’s business model for ad-free services on Instagram and Facebook also fell foul of the tech law, which gives regulators fining powers of up to 10% of a company’s global annual revenue. Both firms must comply with the EU decision within 60 days, or face the risk of further financial penalties. Apple was also warned that its new fee structure for app developers — itself a plan devised to comply with EU rules—isn’t in line with the EU Big Tech rulebook. Apple responded fiercely to the EU penalty, accusing the bloc’s regulators of discriminating against the company and forcing it to give away

its technology for free. The Cupertino, California-based company said it would appeal the fine to the EU courts. Just last year, the company was hit with a €1.8 billion EU fine for shutting out music-streaming rivals on the iPhone.

Meta’s head of global affairs Joel Kaplan also hit back, saying the EU “is attempting to handicap successful American businesses while allowing Chinese and European companies to operate under different standards.”

The EU decision “isn’t just about a fine; the commission forcing us to change our business model effectively imposes a multi-billion-dollar tariff on Meta while requiring us to offer an inferior service,” said Kaplan. “And by unfairly restricting personalized advertising the European Commission is also hurting European businesses and economies.”

The White House didn’t immediately respond to a request for comment.

Asked about whether the commission had deliberately kept the fines law to avoid provoking Trump, the Brussels-based EU commission said the fines were “proportionate” to the alleged gravity and duration of breaches of the DMA, which became applicable two years ago.

“This is about enforcement. It’s not about trade negotiations,” commission spokesperson Arianna Podesta told reporters.

Still, the size of the fines “suggest

an easing of European regulatory pressure on US tech giants,” according to Bloomberg Intelligence analyst Tamlin Bason.

“Penalties under the competition law could have been as much as 10 percent of total revenue, but ended up being less than 0.15 percent of each company’s 2024 sales, likely reflecting caution on aggressive enforcement against a tense backdrop in US-EU relations,” Bason said.

Despite its fine, Apple did see EU watchdogs close an investigation into online browsers after it rejigged how it offers users more choice on their iPhones.

EU regulators also backtracked on their decision to target Facebook Marketplace under the DMA. Meta was hit by a €798 million EU fine alleged abuses on that service last year under standard antitrust law.

Apple shares rose 3.2 percent and Meta advanced 5 percent in premarket trading.

Over recent years the EU has made costly penalties against firms, including more than $8 billion in fines against Alphabet Inc.’s Google and a separate order for Apple to pay Ireland back taxes of €13 billion.

Under its abuse-of-dominance rules, it has also forced changes out of Amazon.com Inc.’s marketplace platform and Apple’s tap-and-go chip, while also investigating Microsoft Corp. video conference software, Teams. Bloomberg News

Boeing’s cash burn improves in Q1

BOEING Co. reported firstquarter results that exceeded Wall Street’s estimates, giving the embattled planemaker a greater degree of stability to navigate dislocations in global trade that have complicated exports.

The planemaker used $2.3 billion in free cash in the three months ended March 31 as it ramped up jet production, Boeing said in a statement Wednesday. That’s better than the $3.4 billion withdrawal that analysts had predicted, according to data compiled by Bloomberg. The adjusted loss per share of 49 cents was the smallest in more than a year.

Boeing shares jumped 4.6 percent in premarket US trading. Through Tuesday, the stock had fallen 8.2 percent this year, tracking the drop in the Dow Jones Industrial Average. Calling 2025 “our turnaround year,” Chief Executive Officer Kelly Ortberg said the company is on track to raise output of its cash-cow 737 Max jetliner over the next few months to the 38-jet monthly cap imposed by US regulators. The company will then seek permission to go to 42 units “later this year,” a move that would help generate cash that’s

been depleted by a recent strike and manufacturing crises. At the same time, Boeing remains susceptible to the fallout from President Donald Trump’s tariff, which have halted aircraft deliveries to China, the world’s second-biggest aviation market after the US. Ortberg previously warned that suppliers also risk getting caught up in the trade hostilities, potentially driving up costs and leading to delays in aircraft production.

“While we are closely watching the developments in global trade, our strong start to the year combined with the demand for airplanes and our half trillion-dollar backlog for our products and services gives us the flexibility we need to navigate this environment,” Ortberg said in a message to employees.

Boeing said that the results “reflect only tariffs enacted as of March 31.”

Boeing, which last earned a profit in mid-2021, is coming off one of the worst years in its century-long history. The company endured a lengthy strike by employees late last year, following months of production turmoil and a senior management shakeup

in the wake of a near-catastrophic accident at the start of 2024.

Boeing’s commercial and defense divisions both showed improvements, with the defense unit posting a $155 million operating profit and 2.5 percent margin. Boeing’s plane division narrowed its operating loss to $537 million.

“This is an excellent result for the company,” said Scott Mikus, an analyst with Melius Research. “If you’re an investor, you’re pretty happy with this print.”

Still, shares could fluctuate depending on what executives say on a call later today with analysts about the fallout from tariffs, Boeing’s halted jet deliveries to China and plans to raise 737 production rates, Mikus said.

Ortberg said that Boeing managed to reduce so-called traveled work, an industry term describing factory production that’s out of sequence. The company is also moving ahead with certification of its 737-7, 737-10 and 777-9 aircraft, though the CEO provided no definitive timeline on when the models would enter commercial service.

Overall, Boeing is building higher

quality planes and delivering them with “more predictability,” the CEO said. The CEO reiterated that Boeing is still poised to raise output of the 787 Dreamliner to a seven-jet monthly pace this year if its factory remains stable.

Still, Boeing is being buffeted as the largest US exporter as Trump’s constantly shifting trade policies send shocks through the US economy. Chinese carriers have suspended delivery of aircraft, Bloomberg News reported last week, after jet prices more than doubled when Beijing imposed a 125 percent to tariff in response to even higher levies from Washington.

On Tuesday, Trump signaled that he may be backing down from his tough tariff stance on Beijing amid market volatility, saying that tariffs will drop if the two countries can reach a deal.

Also on Tuesday, Boeing announced the sale of its flight navigation unit and other digital assets to Thoma Bravo for $10.6 billion in cash, marking Ortberg’s first major portfolio adjustment that gives the company a solid cash infusion. Bloomberg News

High-powered solar cells are poised to replace batteries

THE basic technology behind Ambient Photonics’s solar cells is so simple that it’s routinely assembled as a high school science experiment. In labs across the US, students sandwich blackberries’ potent pigment between glass to create dye-sensitized cells capable of harnessing energy from the sun. Ambient Photonics’s process is more high-tech, with an automated assembly line that moves window pane-sized glass sheets through a gleaming factory in Scotts Valley, California. And the cells it makes can harvest enough energy from the sun to replace coin and other types of small batteries. The company is deploying the

technology to power what Chief Executive Officer Bates Marshall calls the “vast universe” of low-power electronics, including remotes, store shelf displays, sensors and a recently launched keyboard from Lenovo Group Ltd. In a world that produced a record 62 million tons of e-waste in 2022— the last year with data available— and an ever-expanding array of electronic items and sensors spreading out across the globe, finding a way to reduce the use of carbon- and resource-intensive batteries produced has never been greater.

Ambient Photonics has raised $61 million in Series A funding as well as $17.5 million in debt financing.

That helped get its first factory up and running in Scotts Valley, California, just over the mountains from Silicon Valley, in what was formerly a facility that made mountain bike and motorsports parts.

Now, it spits out dye-sensitized solar cells. While they do the same thing as rooftop silicon photovoltaics — convert photons into energy — these cells rely on a different process and materials. They use dye treated with a unique mix of molecules placed between two thin sheets of glass to capture the photons.

The process is akin to photosynthesis, with the dye acting like chlorophyll. When photons hit it, electrons are released and passed

PayPal aims to boost stablecoin use via rewards

PAYPAL Holdings Inc. plans to offer rewards to its users on their holdings of its stablecoin, in a bid to encourage more usage of the digital token in an increasingly competitive market. Through the program, which is expected to launch this summer, PayPal and Venmo users in the US will be able to earn 3.7 percent annually on PayPal USD (PYUSD) holdings in their wallets, the company said on Wednesday. Users will receive the rewards in PYUSD, which they will be able to exchange for fiat currency, send to other users, fund international transfers or utilize for purchases with PayPal Checkout, the company said.

The rewards — which will accrue daily and will be paid monthly — are aimed at helping incentivize use of the stablecoin as a form of payment on PayPal’s network, Jose Fernandez da Ponte, the company’s senior vice president and general manager of blockchain, crypto and digital currencies, said in an interview.

Stablecoins—digital tokens designed to maintain a constant value against an asset like the dollar or euro—have been moving into the mainstream along with other cryptocurrrencies like Bitcoin. Their low volatility has made them popular with crypto traders looking to move in and out of positions, or transfer

funds between platforms. They are also increasingly seen as a promising way to facilitate faster and cheaper digital payments and cross-border money transfers.

PayPal became the largest established financial company to launch a stablecoin when it introduced PYUSD in 2023. But with a total market value of around $873 million, the token has not yet made a significant dent in the market that is currently dominated by Tether’s $145 billion USDT. Only six stablecoins have a market value of more than $1 billion, according to CoinGecko.

Like its peers, PYUSD has been mainly used for cryptocurrency related transactions, da Ponte said. “We see stablecoins as building the next generation of payment rails but we are aware that is something that takes time,” da Ponte said. “We are halfway in a 10-year journey.” PayPal has been aiming to integrate its stablecoin into more of its products this year as a way to make payments cheaper and faster for the millions of merchants and consumers on its network.

“We are thinking a lot about how we can change the expense profile of the payments landscape by using stablecoins,” PayPal Chief Executive Officer Alex Chriss said in an interview. Bloomberg News

Reckitt drops on lackluster sales, transformation risk

RECKITT Benckiser Plc reported lackluster sales growth and said market conditions could affect the timing of its transformation, causing its shares to slide.

through to a glass plate coated with a conductive material. Those and other materials “are invented at our lab” to maximize energy-harvesting efficiency, Marshall said, allowing the cells to work in lower light than standard outdoor panels.

While in the 1980s small electronics like calculators relied on solar cells, they were extremely inefficient. Ambient Photonics’s version harvests three times as much energy. That allows for a wider array of applications, including items as large as keyboards like Lenovo’s. The Chinese laptop and electronics manufacturer declined to provide specific details about the keyboard or its relationship with Ambient Photonics. Bloomberg News

The British consumer-goods company is working to shed less profitable parts of its business to focus on health and hygiene brands like Strepsils lozenges and Mucinex flu remedies. The sale of some home products is on schedule but market uncertainty could impact its timing, the company said.

“We are encouraged by the interest that we have seen in the business,” Chief Executive Officer Kris Licht said on a conference call with analysts.

The shares dropped as much as 5.4 percent in London trading to the year’s lowest level. They have declined almost 4 percent since the start of the year.

“There remain too many ‘if’ moments for the stock to work,” David Hayes, an equity analyst at Jefferies, wrote in a note. He pointed to weakness in the essential home business, which could affect its valuation.

Reckitt’s like-for-like revenue rose 1.1% in the first quarter, less than the gain expected in a Bloomberg survey. The company has started early discussions with some potential suitors for the assets it’s looking to shed, which could fetch more than £6 billion ($8 billion) in a deal, Bloomberg previously reported. The brands for sale include Airwick air fresheners and Cillit Bang cleaners. Reckitt and rivals including Germany’s Henkel are exposed to rising costs in its supply chain after US President Donald Trump imposed sweeping global tariffs. A trade war risks spurring a pullback in consumer spending and heightened sensitivity over prices. Reckitt can mitigate the potential impact on its supply chain, according to Licht. The company cited pricing power, US manufacturing investments and limited imports from China to the US.

The company said last month it expects to deliver like-for-like revenue growth of 4 percent to 5 percent in its core portfolio from next year. Bloomberg News

THE PayPal website on a smartphone. PHOTOGRAPHER: GABBY JONES/BLOOMBERG

RFM approves 2nd P200 Million for 2025 Dividend Payment Series

RFM Corporation’s Board approved another P200 million cash dividend or P0.05936 per share payable on May 26, 2025, with record date as of April 29, 2025. This P200 million dividend is the second payment in 2025 that brings total cash dividend for 2025 at P400 million.

CEO Joey Concepcion also confirmed that the audited financials of 2024 showed a +5% growth in topline to P21.7 billion and +12% increase in net income to P1.4 billion. For the first quarter of 2025, unaudited preliminary numbers show RFM sustained the expansion momentum as sales grew by +3% sales to P4.5 billion and net income expanded +53% to P309 million. Concepcion cited the big role of RFM’s pasta, milk and flour segments as well as RFM’s joint venture with Unilever in the leading ice cream company in the country, Unilever RFM Ice Cream, Inc., in RFM’s net income performance.

The ice cream joint venture manufactures and sells the best-selling Selecta Ice Cream as well as Cornetto and Magnum brands. Concepcion is the chairman of the board of the domestic

joint venture while Vincent “Bindoy” Baltazar is the CEO.

On the recent news of the Unilever decision to separate its global ice cream business from Unilever’s other businesses like beauty, homecare and food products, Concepcion explained that “in March 2024, Unilever announced its intention to separate its Ice Cream division to create a world-leading business that better facilitates the future growth potential of Ice Cream. Ice Cream has distinct business characteristics compared with the rest of Unilever’s business portfolio; these include a supply chain and point of sale that support frozen goods, a different channel landscape, more seasonality, and greater capital intensity.”

“As a standalone, more focused business, Ice Cream’s management team will have operational and financial

flexibility to grow its business, allocate capital and resources in support of the company’s distinct strategy. The Ice Cream Separation activity is already underway aiming to complete by the end of 2025.” At this point in time, there is no immediate impact to the business, and there are no changes to the usual ways of working, especially in the Philippines where the Ice Cream business has already been operating as a separate entity, under Unilever-RFM Ice Cream, Inc.

Concepcion added that he is very confident of the plan of Unilever to carve out its global ice cream business and looks forward to continuing the excellent relationship and performance of the local joint venture for many years to come.

For 2025, the CEO shared that RFM hopes to grow revenues and income by mid to high single digit numbers supported by the growth in RFM’s ice cream, milk, pasta, flour, breads and mixes segments. The listed food and beverage company (PSE: RFM) declared a total of P1.3 billion in cash dividends in 2024, up from P850 million in 2023. At the share price of P3.87 at end 2024, RFM’s 2024 dividend yield was 10%. RFM’s share price as of April 8, 2025 had risen to P4.15.

But First, Coffee at PFA 2025: Innovation, Growth, and a Fresh Experience

FROM a small home-based business to a rapidly expanding coffee franchise, But First, Coffee has come a long way. This year, we’re excited to be part of Franchise Asia Philippines Expo 2025, where we’ll showcase our latest innovations, expansions, and exclusive offerings that highlight our commitment to quality and growth. Since CEO Anna Magalona-Go started franchising in 2021, But First, Coffee has grown to over 200 branches across the Philippines. Our journey with the Philippine Franchise Association (PFA) began in 2023, and in just a short time, we’ve been honored with the Most Promising Franchise Award 2024 and the Best Booth Award at Philippine Franchise Association Expo 2024. These recognitions affirm our

dedication to delivering quality coffee and an exceptional customer experience.

At Philippine Franchise Association Expo 2025, we’re excited to introduce our limited-edition merchandise, designed for coffee lovers who want to take a piece of But First, Coffee with them. We’re showcasing our eco-friendly Reusable Cups, perfect for your daily brew, and the Cozy Escape Hoodie, made for comfort and style. We’ve also launched our Go-To by But First, Coffee collection, along with Tote Bags & Tumbler, essentials for anyone who loves coffee on the go.

But that’s not all, we’re also rolling out new and improved packaging, designed to be more distinctive, sleek, and aligned with our evolving brand identity. One of our biggest highlights this year is the launch

SConsulting firm to accelerate growth for businesses In PHL without shortcuts, without compromise

THE Philippines has earned a reputation as

challenging environment for starting or expanding businesses, with the country ranking 95th out of 190 economies in the World Bank’s latest Doing Business report in 2020. In launching Alcedo Business Consulting (ABC) Corporation, CEO Shiela Marie Alcedo set out to help entrepreneurs and international organizations power through the startup obstacles — and even expedite their growth — while ensuring full compliance at every step.

“We are a launchpad for businesses that want to get the ABC’s of their companies done the right way, right from the start,” Alcedo said in sharing her company’s mission during ABC’s launch event. In attendance were industry business leaders in legal and regulatory services, transport and logistics, insurance, BPO, and real estate, including representatives from Healthcare Information Management Association of the Philippines (HIMAP) and Information Technology and Business Process Association of the Philippines (IBPAP).

ABC is committed to working with businesses as partners, studying what works for each business and localizing it for the Philippines with greater efficiency. Alcedo expressed particular confidence in delivering this service to multinational companies looking to expand in the country.

“What you are doing in other markets for a year, we aim to do it within 6 months,” she said.

Speaking on ABC’s consulting philosophy, Alcedo highlighted their emphasis on transparency, one of the company’s three core values. She cited their standard way-of-working in their business registration work as an example of their commitment to transparency.

“Once every three days, we proactively communicate with the client where we’re at, even if the progress is small. We don’t wait for (government) agencies to give us a response,” she said. “We also reach out to agencies to follow up with the process on their end.”

of But First, LAX, our first bean-to-bar coffee concept. More than just coffee, this new venture offers a relaxing and indulgent experience, featuring fine dining and a curated selection of alcoholic beverages. It’s an exciting new chapter for But First, Coffee, redefining what a coffee destination can be. We invite you to join us from April 25-27, 2025, at the SMX Convention Center to experience firsthand everything But First, Coffee has to offer. Whether you’re an aspiring entrepreneur, a coffee lover, or someone looking for a great business opportunity, this is your chance to see why our franchise continues to thrive. Visit our booth, connect with our team, and be part of our growing success. See you at Philippine Franchise Association Expo 2025! - Beau Makvill T. Zapata'

expect smoother acceleration and quieter operation— ideal for both city and highway drives.

Safety remains a top priority with the All-New Dzire Hybrid, with six airbags now standard across all variants—including front, side, and curtain airbags for comprehensive occupant protection. It also comes equipped with Electronic Stability Program (ESP), Antilock Braking System (ABS) with Electronic Brakeforce Distribution (EBD), Hill Hold Control, and rear parking sensors with a camera. Combined with its reinforced body structure, these advanced safety features have earned the Dzire a prestigious 5-Star Global NCAP Safety Rating for Adult Occupancy, offering confidence and peace of mind on every drive.

Suzuki Philippines announced that the All-New Dzire Hybrid will be available nationwide at all Suzuki dealerships by the end of the month, with prices set at P920,000 for the GL CVT Hybrid and P998,000 for the GLX CVT Hybrid. Customers can choose from the following colors:

GL Variant: Gallant Red Pearl, Arctic White Pearl, Magma Gray Metallic

GLX Variant: Alluring Blue Pearl Metallic, Arctic White Pearl, Magma Gray Metallic

Visitors to the Suzuki booth at MIAS explored other popular models, including the adventure-ready Jimny 3-Door and 5-Door, the family-friendly Ertiga Hybrid, and the bold new XL7 Hybrid Black Upgrade. Attendees were invited to test drive the latest vehicles, including the AllNew Dzire, Jimny 5-Door, XL7 Hybrid, and S-Presso. The Suzuki booth also featured exciting games, interactive activities, and a special Suzuki Safety Scouts area—an educational space for children to learn the importance of road safety in a fun way.

As Suzuki celebrates 50 years of building trusted relationships with Filipino motorists, the company remains committed to delivering quality, safe, practical and environment-friendly mobility solutions for all. For more information, you may check out any authorized Suzuki Auto dealerships nationwide or visit https://auto.suzuki.com.ph/. For daily updates on Suzuki, please like Suzuki Auto PH’s Facebook page at https://www. facebook.com/SuzukiAutoPH, follow them on X at https://x. com/suzukiautoph and Instagram at @suzukiautoph.

Alcedo emphasized the importance of doing things “the right way,” particularly when foreign companies or first-time business owners encounter friction points like incomplete requirements or unfamiliar procedures. While it’s not uncommon for some to resort to irregular shortcuts to navigate administrative bottlenecks, Alcedo argued that the right guidance and persistence are often enough to work within the system — without bypassing critical regulatory steps. These are the qualities, she added, that she and her Lead for HR and Regulatory bring to the table at ABC.

With 10 years of experience building businesses across Southeast Asia, Alcedo began her career in B2B business development and account management in Manila’s startup scene in 2015. Since then, she has held leadership roles in multinational organizations and advised businesses in the Philippines, Vietnam, Thailand, Indonesia, and Malaysia. Her expertise spans business development, go-to-market strategy, employer branding, and operational excellence. She is also the proud owner of an agricultural business in her hometown of Nasugbu, Batangas.

Lead HR and Regulatory Consultant Ruby Anne Roguel, on the other hand, is an HR and regulations veteran with a decade of experience recruiting and managing top talent for Philippine businesses. She has grown to be a generalist in the field, with in-depth experience in manufacturing, hospitality, education, and HR consultancy. Her range of exposure has equipped her to work through the Philippine bureaucracy with clarity and speed, from business registration to labor compliance.

Under the joint leadership of Alcedo and Roguel,

THE Province of Pangasinan led by Governor Ramon “Mon-Mon” V. Guico III has tapped Philippine Veterans Bank (PVB) and Philippine World War II Memorial Foundation, Inc. or PhilWar Foundation to develop historically accurate and comprehensive displays of World War II in Pangasinan at the new Capitol Park, Lingayen. The Memorandum of Understanding was signed recently in the Pangasinan Provincial Capitol.

In his message, Guico said that Pangasinan has a rich history including its significant role in World War II. The Lingayen Gulf Landings stands as a historic moment during the war, marking the return of the Allied Forces to Luzon and the Liberation of the Philippines. Yet, beyond this pivotal event, there are countless

Alcedo Business Consulting’s suite of services is focused on helping businesses establish lasting foundations for businesses as they set up in the Philippines. The following services form the a-b-c’s of their offerings:

All-in-One Business Registration: End-to-end business registration and compliance services across government ministries, aligned to the type and size of the organization.

Business Expansion Services: Business development planning and implementation in chosen Philippine sector, including network development activities with relevant industry organizations.

Contingency HR Services: Supplementary HR services to meet immediate talent demands that support business growth.

The other two core values — integrity and putting relationships first — round out ABC’s vision for business in the Philippines. The launch event served not only as a formal introduction of ABC to industry peers, but also as a platform for collaboration and connection among organizations.

Currently, Alcedo’s portfolio includes world’s largest employee commute software company MoveInSync and TOEIC Link, the AI workplace assessment platform by ETS, the world’s largest private educational testing and assessment organization. Alcedo’s goal is to launch 20 companies by the end of 2025, with a strong focus on building companies in BPO, healthcare, retail, manufacturing, distribution, IT, cybersecurity, and AIdriven businesses.

To learn more about Alcedo Business Consulting and their services, visit https://www.linkedin.com/company/ alcedo-business-consulting-abc/

untold tales of heroism, sacrifice and resilience that deserve to be shared with the people of Pangasinan, its visitors and future generations.

For its part, Veterans Bank seeks to highlight the bravery, sacrifice and heroism of the Filipino WWII veterans who are its original shareholders. The PhilWar Foundation seeks to educate the Filipino Youth about the country’s WWII history, instilling a deep love for the Philippines and fostering a strong sense of national pride. The proposed WWII displays will complement the planned redevelopment of the Pangasinan Capitol Complex and will bring to life factual and little known but historically accurate displays of the war in Pangasinan, portraying the role of the Province and its people in World War II.

IN the photo are, from left, Yasuki Nakagawa, Assistant to the General Manager and Department Head of Sales; Yukio Sato, General Manager, After Sales Division; Norihide Takei, Director and General Manager, Automobile Division; Koichiro Hirao, President and Norminio Mojica, Managing Director.

collection brings the magic of Italy into your home, allowing families to enjoy a slice of paradise all year long.

Imagine this: it’s Sunday at 9 am, and you’re waking up on the Italian countryside or coast. The scent of espresso drifts through the air as you stroll down cobblestone streets. Crate & Barrel brings this dream to life, allowing customers to infuse their homes with the charm of Italy’s most beloved

By Jocelyn Gecker The Associated Press

NAVIGATING bedtime with a teenager is, in many homes, a nightly battle with a constant refrain: Get off your phone! Go to bed!

Research shows that today’s teenagers are more sleep-deprived than ever before. Adolescents need between eight and 10 hours of sleep, according to the Centers for Disease Control and Prevention. But nearly 80 percent of American teenagers aren’t getting that, and experts say it’s affecting important areas like mental health and school attendance. Bedtime routines aren’t just for toddlers. Teenagers need them too, says Denise Pope, an expert on child development and a senior lecturer at Stanford University’s Graduate School of Education. Experts in adolescent sleep say a few small changes to how parents and teens approach sleep can make a dramatic difference.

TRY A TECH-FREE BEDTIME ROUTINE FOR TEENS

THE first step to setting up a better bedtime routine is dealing with technology.

locales—Tuscan villas, sunny terraces in Sicily and the island of Capri inspired every beautiful new design from the collection. Discover beautiful craftsmanship in statement pieces like bookcases, accent chairs and tables. Explore exceptionally designed outdoor collections built for season after sunny season. Find gorgeous decorative pieces and finishing touches that capture that laid-back Italian energy and entertaining essentials with modern organic style like artisanal glassware, dinnerware and marble serving pieces. In this collection, each piece tells a story of travel and tradition, blending modern functionality with timeless beauty. From the morning’s first sip of coffee to mid-afternoon lounging to the evening’s leisurely dinners, your home becomes a reflection of the relaxed yet refined Italian lifestyle.

n Enjoy an exhilerating trip to Italy via Crate & Barrel’s new collection today at SM Aura Premier (0917-8895667), SM Makati (0917-5833373), SM Megamall (0917-8704796), the Power Plant Mall pop-up, or www.crateandbarrel.com. ph.

n Separate children from their devices at night. Phones, tablets, streaming services and video games aren’t the only things keeping kids up at night, but experts agree they are a major factor in delaying sleep.

“Get the temptation out of the bedroom,” Pope says. If the phone is within arm’s reach, it’s hard to ignore when notifications buzz. Many teens say they fall asleep while scrolling, or reach for their phone if they have trouble sleeping, and end up scrolling for hours.

n Be prepared for excuses. “My phone is my alarm clock” is something a lot of parents hear. The solution: Buy an alarm clock.

n Put screens away an hour before bedtime. Exposure to light prevents the release of melatonin, the hormone released by the brain that makes us feel drowsy. Then, replace screens with a new wind-down routine.

n Try to get to bed around the same time each night and start winding down at least 30 minutes before. During that time, silence notifications, take a warm shower, read a book. To get an idea of what your teen’s bedtime should be, try an online “ bedtime calculator,” such as the one from the American

Academy of Sleep Medicine.

n Avoid caffeine and energy drinks in the afternoon and evening.

n The best sleep environment is a cool, dark, quiet room. In noisy households, earplugs and a sleep mask can help. If a bedroom is too warm, it can affect getting to sleep and staying asleep, says adolescent sleep expert Kyla Wahlstrom.

KNOW THE SIGNS OF SLEEP

DEPRIVATION IN TEENS

SOME of the telltale evidence of sleep deprivation: being irritable, grumpy, short-tempered, emotionally fragile, unmotivated, impulsive and more likely to see the world and oneself through a negative lens. A sleep-deprived teen also may fall asleep during the daytime, in the car or in class. “We often blame adolescents for being lazy or unruly or having bad behavior, much of which could be attributed to the fact that they are chronically sleep-deprived,” says Wendy Troxel, a clinical psychologist who has conducted numerous studies on adolescent sleep. How do you tell the difference between a sleepy teen and a cranky-but-well-rested one?

WRITING WORKSHOP FOR CHILDREN AND YOUNG ADULTS

One of the country’s seasoned writers will facilitate the workshop intended to improve the participants’ grammar, writing styles, reading choices, book reviews, movie reviews, etc. Moreover, the participants shall go on field trips, such as visit to the museums or other cultural and historical landmarks.

The workshop shall be held for four sessions, three hours per session (once a week starting this May 3). The venue is at Windsor Tower, 163 Legaspi Street, Legaspi Village, Makati City, near Makati Medical Center.

Registration is now ongoing. Those interested may call 8815-4938, 8815-6925, or 0918-915-9337, or e-mail chitdelatorre19@gmail.com.

n One key sign is what sleep expert Joanna FongIsariyawongse calls “zombie mornings.”

“If your teen hits snooze five times, takes forever to get out of bed, asks you for a big cup of coffee first thing in the morning, most likely they are running on empty,” says Fong-Isariyawongse, a neurologist at the University of Pittsburgh.

n Extreme mood swings are another sign. Sleep is critical for emotional processing, which is why sleepdeprived teens are more likely to be irritable, anxious or depressed.

n A sleep-deprived teen may fall behind in school, because sleep is essential for learning and memory consolidation.

n Teens who sleep less are more likely to make bad choices when it comes to drug or alcohol use, drowsy or reckless driving and risky sexual behavior.

n Does your teen sleep until lunchtime on weekends? “Most likely they are not getting enough sleep during the week,” says Fong-Isariyawongse. It’s fine to sleep in a bit, but try to limit it to a couple hours. Otherwise, it throws off the body clock and makes it harder to wake up when the new school week begins. HOW would you like to improve your writing skills? For all children and young adults (ages 7 TO 18 years), a schedule for a writing workshop has been announced by Brown Movement for Cultural Advancement Inc. or Kilusang Kayumanggi.

ATHENA Calderone’s Rituelle Round Dining Table was designed to foster intimate gatherings and free-flowing conversation. The small-scale Coquette Burle Wood Accent Chair, meanwhile, makes a big impression with swooping curves, retro vibe and the captivating grain of walnut burl veneer.

Tour of Luzon’s Great Revival gets underway

By Josef T. Ramos

PAOAY, Ilocos Norte—The Tour of Luzon: Great Revival gets going on Thursday with 119 cyclists from 17 teams all set to answer the starting gun for the 190.70-kilometer Stage One.

The opening stage is set from the iconic world heritage site San Agustin Church of Paoay with the finish line set on Marcos Avenue.

The formal opening ceremony was held Wednesday with Philippine Olympic Committee (POC) President Abraham “Bambol” Tolentino leading the guests.

“It is a thrilling and exciting time for all cycling enthusiasts and fans all over the country as the Great Revival of Tour of Luzon is now going to happen. The cycling community and fans have waited for this race. Now this is the moment,” Tolentino said.

The eight-stage competition covers 1,074.90 kilometers and Tolentino, who is also president of PhilCycling, told the riders to prioritize safety.

“ We are praying for the safety and health of all our riders and all the people involved in this eight-day race especially in this hot weather.”

The PhilCycling-registered Union Cycliste Internationale continental teams Standard Insurance Philippines, Victoria Sports Pro Cycling Team, 7-Eleven Click Roadbike Philippines, and Go For Gold head the local charge even as four foreign teams try to steal the show in the revival of the elite multi-stage race.

Bidding for the crown are CCN Factory HK from Hong Kong, Malaysia Pro Cycling, Bryton Racing Team from Taiwan and Gapyeong Cycling Team from South Korea.

Also vying for honors are Philippines Under-23 Tom N Toms, Excellent Noodles, DReyna Orion Cement, Dandex T-Prime Cycling Team, Exodus Army, MPT Drive Hub Cycling Team, 1 Team Visayas, Team Pangasinan, and One Cycling Mindanao.

“ We want to continue the legacy of former cycling leader Bert Lina,” Tolentino added. “He already revived this cycling race a few years ago but was stopped during the pandemic. This race has been in the UCI calendar before.”  Veteran riders Marcelo Felipe and Ronald Oranza together with Jan Paul Morales and George Oconer are just some of the riders to watch in the Tour presented by Metro Pacific Tollways Corporation and organized by DuckWorld PH.

We are all excited. We are all thankful, the Tour of Luzon is back. This is for Philippine cycling. This is for the Filipino people,’’ DuckWorld PH chairman Patrick “Pato” Gregorio said, expressing his deep gratitude to the MVP Group led by sports godfather Manny V. Pangilinan. Stage Two is a 68.39-km team time trial from here to Vigan City. Gregorio will declare the race open by ringing a bell symbolic of cycling’s lap bell in criterium and track races with MPTC Tour of Luzon executive director Arrey Perez in attendance.

The third stage is a 130.33-km ride to San Juan, La Union followed by Stage Four from Agoo to Clark (162.97), the 166.65km Clark-Clark race via New Clark City in Stage Five and the ClarkLingayen 168.19km Stage Six.  Stage Seven is a 15.14-km individual time trial from Labrador, Pangasinan to Lingayen, with Stage 8 the queen stage covering 172.53 km from Lingayen to the Scout Hill finish inside Camp John Hay in Baguio City where the champion will be determined.

The top rider in the general classification will earn P500,000 while the team champion of the race, also presented by Cignal and backed by Pilipinas Live, Meralco, Maynilad, Metro Pacific Health, Megaworld, Landco, PLDT and Smart, brings home P1 million.

The return of the nation’s historic cycling marathon is organized in partnership with Cardinal Santos Medical Center, Go21, Dongfeng, Victory Liner, DOOH, PSSLAI, Unilab, Huawei, Toyota and supported by Microtel by Wyndham, Gatorade, Drivehub and Homestretch. The race is also endorsed by the POC, Philippine Sports Commission, Games and Amusements Board, BCDA and MVP Sports Foundation.

Sports BusinessMirror

B8 Thursday, april 24, 2025

mirror_sports@yahoo.com.ph

Editor: Jun Lomibao

IT’S win or go home as local squads play in the knockout quarterfinals of the 2025 Asian Volleyball Confederation Women’s Volleyball Champions Cup starting on Thursday at the Philsports Arena in Pasig City.

A fter finishing second in their respective pools, PLDT, Creamline and Petro Gazz face daunting tasks against top-seeded teams.

The knockout stage kicks off at 4 p.m. with the High Speed Hitters, who placed second in Pool D, battling Pool A top seed Zhetysu VC of Kazakhstan.

T he Cool Smashers, who placed second in Pool A, clash with the undefeated Nakhon Ratchasima QminC from Thailand, the top team from Pool D, at 7 p.m.

Premier Volleyball League AllFilipino champion Petro Gazz, second in Pool B, take on Pool C topnotcher Beijing Baic Motor on Friday.

Despite a heartbreaking five-set

Do or die for PVL squads

loss to the Thais last Tuesday, PLDT proved its resilience, rallying from a 0-2 hole before falling short in the decider. That performance showcased the High Speed Hitters’ fight—but against the powerful Kazakhs, resilience alone won’t be enough. They’ll need to bring their A game to get a shot against the tall and disciplined Zhetysu defense, which had previously swept the Cool Smashers.

C oach Rald Ricafort and the High Speed Hitters had time to analyze their opponents during Wednesday’s break, drawing up tactics to slow down the Kazakh juggernaut.

The margin for error? Almost none.

But Ricafort believes their grueling

five-set showdown against Nakhon Ratchasima will serve as a valuable learning experience—one that will ignite his team’s determination.

“ We know the level is high, but there’s always a chance. Against the Thais, nobody expected it but we fought all the way to the end,” said Ricafort.

“ We’ll see how far we can go against Kazakhstan. But we will definitely give our all and work hard for it,” added Ricafort.

Fil- Canadian Savannah Davison, the third-best scorer in the tournament after pool play, will once again anchor the squad alongside Cuban import Wilma Salas and resurgent Kianna Dy against a Kazakh

Tigresses complete Final Four cast

UNIVERSITY of Santo Tomas completed the semifinal cast in the University Athletic Association of the Philippines women’s volleyball tournament with a 25-20, 2521, 25-18 victory over University of the Philippines on Wednesday at the MOA Arena in Pasay City.

T he Tigresses also boosted their bid for the remaining twice-to-beat advantage in the semifinals, improving to a 9-4 record for joint second with La Salle, behind National University (11-2). Idle Far Eastern University is in fourth spot at 8-5.

The Lady Spikers overcame a 35-point performance from Adamson rookie Shaina Nitura, beating the Lady Falcons, 25-19, 21-25, 22-25, 25-18, 15-4.

Middle blocker Em Banagua was the difference-maker for the Golden Tigresses, anchoring the defense with a 12-point performance, highlighted by eight blocks, to help UST punch its fifth consecutive Final Four ticket.

“The extra work helped a lot. We spend an extra 30 minutes on blocking. We work on small details,” Banagua said. In the third set, UST pulled away for good after turning a slim 7-5 lead into

a commanding 16-9 cushion, capped by a crosscourt hit and a down-the-line smash from Season 86 Rookie of the Year Angge Poyos.

UP could not to recover as a Mabeth Hilongo crosscourt hit, a quick strike from Banagua, a net touch violation by Yesha Noceja, and another down-the-line finish from Hilongo sealed the win for UST.

Poyos had 19 points on 18 attacks with nine excellent digs and four excellent receptions, while Regina Jurado provided 13 points and six excellent digs.

side powered by Karyna Denysova, Valeriya Yakutina and Tatyana Nikitina.

Creamline also faces a steep hill climb.

Nakhon Ratchasima enters the quarterfinals with an imposing reputation, having survived a scare against the High Speed Hitters and sweeping Pool D. Despite suffering defeats in their final pool matches, Creamline and PLDT advanced to the knockout stage of the tournament with identical 1-1 records with both squads remaining firmly in the hunt for the title.

T he Cool Smashers opened their campaign with a dominant win over Al Naser of Jordan but were stopped by a hard-fought loss to Kazakhstan’s Zhetysu—a result that underscored the level of competition awaiting them in the knockout phase. With the stakes now higher, every set and every point will prove crucial.

C reamline head coach Sherwin Meneses emphasized the importance of resilience and mental toughness as his team prepares to face Thailand’s top-tier squad.

“I t’s really up to the players to handle defeat. These aren’t kids anymore—they know they have to

MADRID—Teenage sensation Alexandra Eala is trying to stay grounded despite all the sudden attention she’s attracted following her breakthrough run in Miami.

The 19-year-old Eala, a product of Rafael Nadal’s academy, has climbed to No. 72 in the Women’s Tennis Association rankings after reaching the Miami Open semifinals as a wild-card entry last month. She’s the first Filipina to be ranked inside the top 100.

“Now that the dust has settled, I try not to think about Miami so much,” she said. “Of course, it comes to mind when everyone’s asking, but in my mind I have my whole life to look back at those moments and I’ll always have those memories. But the tour

move on quickly,” Meneses said. “In sports, that’s just how it is. What matters most is how you bounce back.” Creamline will lean on its trio of imports—Erica Staunton, Anastassiya Kolomoyets and Anastasiya Kudryashova—alongside local stalwarts Alyssa Valdez, Jema Galanza, Jeanette Panaga, Mich Gumabao, Lorie Bernardo and setter Kyle Negrito. But Nakhon Ratchasima poses a significant threat, led by American scorer Anyse Smith, Greek veteran Eva Chantava and Thai legend Onuma Sittirak. The Thai side is unbeaten and determined to punch its ticket to the semis. W ith only two slots at stake for the prestigious FIVB World Club Championship in Thailand this August, the stakes are sky-high. For both PLDT and Petro Gazz, it’s now or never—a moment to rise, outdo themselves and defy expectations. Organized by Sports Vision, the eight-day championship is backed by federation partners Mikasa, Mizuno, and Grand Sport and supported by local partners  PLDT, MWell, Eagle Cement, Rebisco, Akari, Gameville, PNVF, PSC, Cignal and The Look Group.

her opening match at the clay-court Madrid Open on Tuesday, setting up a rematch against four-time French Open champion Iga Swiatek, whom she beat in straight sets in the Miami quarterfinals.

“I definitely think that each match is a different story,” Eala said. “Even if it’s against the same player every time— doesn’t matter if I play her at the same time next year in Miami or in Madrid next year, it’s going to be a different story than the last one.”

Envoys&Expats

Managing director steers deeper connections   between Filipinos & a classic American auto brand

HOW does a foreign executive navigate the complexities of a foreign market, along with the current developments sweeping the industry?

In his breakthrough interview since assuming office on December 1, 2024, Ford Philippines managing director Pedro Simoes shares insights into his career, the company’s priorities and his vision for the future. An engineer by education, his international exposure brings a fresh perspective to the local motoring scene, as he plans to steer the iconic brand forward, while maintaining its strong appeal among “Pinoy” motorists.

A well-loved car brand by Filipinos, Ford has been a pioneering force in the country’s automotive industry known for its commitment to innovation, performance, and customer satisfaction. With the rapid shift toward electrification and sustainable mobility, the company is at a crossroads embracing new technologies and strategies, while redefining transportation.

As the industry evolves, the Portuguese expat executive shares his motivation in providing local customers with smarter, safer and more environmentally friendly vehicles, while maintaining the brand’s legacy of fun-to-drive, quality and reliable automobiles.

global car industry since your career started? What trends and disruptions are you seeing?

The industry has transformed significantly over the past decade.

while trying to make our roads safer by sensing their surroundings better.

the F150s, and those with V8 engines. Size is not necessarily a constraint.

B eing a marketer and an engineer must be beneficial in your line of work.

B efore moving to the Philippines, I had an extensive stint in Ford Middle East in Dubai, where I led teams handling marketing, commercial vehicles sales, and operations. Since 2016, I have been working closely with a dealerdistributor, so you can say that I kept a 360-degree purview of the company. From their “Day Zero,” or development stage, I’ve had the chance to market the Raptors, Mustangs and other Ford models that personally appealed to me as a car lover.

Un derstanding customers and audience segments excite me, and that eventually led me to marketing. I like looking at the entire business while making tough, yet smart decisions along the way. I am glad to have helped the region achieve record sales, and I hope to carry over that success in the Philippines.

Your observations about the

ENVOYS&EXPATS: We learned that you have been carving your name within the automotive sector in various markets prior to your current role. SIM OES: I have built my career in the automotive industry across global markets, gaining experience in various roles that have helped shape my leadership approach today. My career started in 2007 back in my native Portugal, where I held posts in brand and product marketing for another car brand.

In recent years, I have seen the industry evolve: from traditional sales models to digital-first approaches, as well as the growing impact of electrification and sustainability. We’ve also seen the integration of technologies and connectivity. Now, we are witnessing the era of “intelligent cars,” which elevates their level from just being “smart” vehicles. Recall that sometime around 2007, cars went smaller, then came the clamor for bigger ones.

W hen I started, the focus was on product quality and customer service; but today, the landscape is much more complex. We are seeing an accelerated shift to electrification, connectivity, and digital customer engagement. Consumers are now looking for more sustainable vehicles with advanced technologies that enhance their driving experience.

M oving forward, I see the industry becoming more customercentric, with brands integrating artificial intelligence, predictive maintenance, and seamless digital interfaces into their vehicles. Sustainability will also remain a core driver of innovation, as manufacturers race to reduce emissions and adopt circular economy principles.

If you ask me if the next couple of years is going to be fully electric, perhaps, it will not be in a big way, because it will require major infrastructure development across the world. But first, we will see cars becoming “smarter” and more electrified being software-driven,

My marketing expertise plays a vital role in my leadership as managing director. Customer centricity by understanding consumer behavior, brand positioning and customer engagement have helped me make strategic decisions that are aligned with market demands.

B eing an engineer, it is also my second nature to look into big data and understand the entire ecosystem of market players, including the competition. This enables me to rely on facts by the numbers, while having a balanced approach.

The automotive industry requires a deep understanding of elements that drive customer loyalty, and my experience in branding and communications allows me to develop campaigns that effectively connect with our audience both in the short term and into, say 10 years down the road. Beyond marketing, it also helps in aligning our sales and customer service teams to deliver consistent and positive brand experience.

How varied is car ownership in the Middle East and the Philippines?

Customers in both areas are equally passionate about cars, but their buying behaviors and priorities differ. In the Middle East, they value high-performance vehicles, luxury features, and offroad capabilities due to the terrain and lifestyle—thus the presence of sport utility vehicles or SUVs,

Meanwhile, Filipino consumers prioritize affordability, fuel efficiency and reliability, given the urban driving conditions and economic considerations. They also go for the more compact vehicles, or those with value-based diesel engines. Cars reflect family orientation and a sense of community. The vehicles heavily reflect the personalities of their owners, as seen in customizations.

When it comes to marketing in the Middle East, campaigns emphasize performance and prestige, as they are willing to pay a little bit more premium to avail of the latest technologies. In the Philippines, we focus on practicality, durability, and the overall ownership experience. Here, the price of fuel must be taken into consideration.

However, a common factor in both markets is the rising influence of digital platforms in decision-making. And, both cultures manifest their love of cars.

W hat is the biggest marketing lesson you’ve learned which is very much relevant for you today?

Customer trust is everything. No matter how advanced your product is, if the customer does not trust the brand, success will be limited. Marketing is not just about selling—it is about building relationships and delivering on promises. This means having clear, transparent communication and consistently delivering highquality products and services. Trust leads to long-term brand loyalty, which is crucial in today’s

competitive market. Prioritizing their needs, emotions and experiences—those are key into what drives our successes.  We need to listen to the customer. Information from other sources might not be accurate. We can help drive the right message, but it’s always the customer first. Customer centricity should go beyond demographics.

Another lesson from this industry is that we are not here alone—we have our partners and our dealers. Enhancing relationships with them was vital to my success, and it’s been proven time and again that this collaboration with our partners on the ground is the way to be successful in the market.

We’d like to think the Portuguese are as fond of the Ford brand as Filipinos.  In Portugal, Ford has a strong following, particularly in the performance and commercial vehicle segments, with strong affinity for motor sports, especially in rallying via the Escort, Sierra and Focus WRCs. While market dynamics are different from those in the Philippines, the appreciation for the brand’s reliability and innovation is similar.

P ortuguese consumers, like Filipinos, value quality, but the difference is that European markets have a stronger inclination toward compact cars and fuelefficient models due to stricter environmental regulations and urban infrastructure. But both, I dare say, have deep, emotional and sometimes, sentimental connections with Ford.

EU–Phil. ‘Green Economy’ linkage harnesses private-sector inclusion via innovation grants

THE European Union (EU)Philippines’ Green Economy Partnership is launching a call for projects that aim to strengthen the potential of eco-businesses nationwide, while addressing gaps in the circular and green economy business ecosystem.

The “Green Up to Scale Up” initiative will provide grants of between €200,000 and €500,000 (about P12 million to P31 million), for a total of €1.5 million (P93 million). These target organizations that help up-and-coming eco-entrepreneurs develop successful businesses, or “startup enablers.” The first phase of the application period will run until May 2, 2025. In addition to receiving funding, grantees will benefit from technical assistance, ensuring that they are well-equipped with necessary skills and knowledge to help green businesses innovate. Implemented in the Philippines by Expertise France together with the Department of Trade and In-

dustry (DTI) and the Department of Science and Technology (DOST), “Green Up to Scale Up” seeks to propel the creation and growth of innovative circular and green startup initiatives. This initiative has been designed in consultation with entrepreneurs, incubators, accelerators, regional and national government officials, as well as other key actors. The goal is to ensure that it addresses roadblocks faced by the green business ecosystem and caters to the needs of green startup enablers.

“The Green Economy partnership is a unique program under the EU Global Gateway strategy to mobilize sustainable investments. The ‘Green Up to Scale Up’ grant initiative is an important milestone in this [linkage],” said Amb. Massimo Santoro of the EU’s Delegation to the Philippines. “We hope it will promote business innovations toward a greener and climate-smart economy

in the [country].”

“We invite all startup enablers that are involved in circular and green businesses to apply for the grant. We have co-designed the program with key ecosystem actors and stakeholders, so this grant is 100 percent for them,” shared MarieMaylis Charlat who is the project leader of the EU-Philippines Green Economy Partnership’s component on “Green Business, Infrastructure and Finance.”

Visit https://bit.ly/GreenUp2ScaleUp for more information and applications. For queries or questions, contact Expertise France Senior Grants officer Athea Menguito: athea.menguito@expertisefrance.fr.

Background information FUNDED by a P3.67-billion (€60 million) grant from the bloc, the EU-Philippines Green Economy Partnership will run from 2023

to 2028, in collaboration with the government of the Philippines led by the Department of Environment and Natural Resources. This priority program of the EU Delegation in the Philippines links European and Filipino partners from the private sector and local governments to foster a circular economy and the reduction of plastic waste.

It also aims to improve energy efficiency, plus promote renewable energy use as well as climate change mitigation and adaptation. Through technology transfers and investments, the program aims to accelerate the transition to a greener economy while sustaining economic growth that benefits all Filipinos.

Germany’s development agency GIZ, the United Nations Development Program-Philippines, Expertise France with Global Green Growth Institute, and the International Finance Corp. which is a member of the World Bank Group

implement the program. It is part of EU’s “Global Gateway initiative:” the European strategy engaging with partners globally and promoting investments on shared priorities such as the transition to a green economy and the advancement of digital infrastructure, among others. Expertise France—the French technical cooperation agency which is part of the Agence Française de Développement group—leads the implementation of the EUPhilippines Green Economy Partnership’s interventions supporting the emergence of ecology startups and the establishment of green public-private partnerships, the integration of informal waste sector in solid-waste management, and building the interest of the finance sector to invest in high-potential green businesses. Its work under the Green Economy tie-up is being carried out with the DTI and the DOST.

Managing director steers deeper connections between Filipinos & a classic American auto brand

Continued from C1

For you, what is the best Ford vehicle to promote, and why?

I t depends on the market, but in the Philippines, the Ford Ranger and Territory are two of our standout models. The Ranger is highly versatile, capable of handling both city and off-road driving, making it a favorite among Filipino consumers who love pick-ups. It’s also a personal favorite, having driven one as a company-issued drive. It has a great balance of off-road and onroad capabilities.

The Territory, on the other hand, offers a mix of comfort, technology and efficiency, catering to urban drivers looking for a modern SUV. I also will cite the Everest for families, and as an allaround, everyday car.

T hese models embody Ford’s commitment to performance, durability, safety and customer satisfaction. Our tagline captures it well: “You can’t fake tough.”

How will you further the success of Ford Philippines under your watch?

M y approach is to build on the brand’s strengths while introducing innovations that enhance customer satisfaction. I want to foster a culture of excellence within the team, ensuring that we are not just meeting expectations but exceeding them. One of my key focus areas is after-sales service—making sure that customers receive the best support throughout their ownership journey. Additionally, we are continuously enhancing our digital engagement strategies to provide a seamless experience for customers, from browsing vehicles online to scheduling services.

Maintaining customer centricity is our mindset as a culture. To be successful, we need to keep customers at front and center of everything we do. Over and above that, I want to develop the right skills among the team, making sure that members build a strong organization in the Philippines: from our employees to our dealers and partners.

W hat is Ford’s view of the rise of Chinese brands, and the shift to EVs?

Competition and disruption from various fronts drive innovation, and we welcome the challenge as part of business. The

increasing presence of Chinese brands shows that consumers are open to new options, which means we must continue differentiating ourselves through quality, performance, and brand trust. So, we need to adapt.

R egarding electric vehicles or EVs, we fully embrace this shift. The future of mobility is electrification. Globally, Ford is investing heavily in electric cars, batteries, plants and new models.

M y forecast for the Philippines? It will still be a large market for cars powered by internal combustion engines in the near future. And Ford Philippines will still provide those that Filipino customers want to own.

For us at Ford, it’s about the focus on our heritage and reputation, and we need to continue driving that strength with cars that are fun to drive. New brands will come and either grow or go; markets will shift and adjust; but we need to maintain our DNA.

C ustomer centricity notwithstanding, servicing remains a challenge for Ford Philippines. How are you addressing such?

O ur organization recognizes the importance of after-sales service and is taking concrete steps to enhance it. We are investing in training our dealership staff, streamlining our service processes, and introducing digital tools that allow customers to conveniently book appointments and track service updates. Customer feedback is key, and we are actively listening to improve our approach.

For one, we launched very recently the mobile service vehicle, or MSV, which is basically a workshop on wheels. It’s a way for us to perform express service, delivering utmost convenience to and enhancing the ownership experience of our customers. We also launched a new and bigger parts facility, which is double the size of the original, so that the cars we service have the required replacement items.

We are curious about your first four months as an expat in this country.

It’s been a great experience so far. Filipinos are warm, welcoming and passionate about cars, which makes my role even more fulfilling. I felt a sense of community with the many Ford owners’ clubs in the Philippines—that says a lot about their passion for their cars, as well as the brand.

D uring my downtime, I love exploring different places and experiencing the country’s

TOUGH ENOUGH Ford Philippines managing director Pedro Simoes stands by his favorite ride: the Ranger Raptor 3.0L V6.

Author asks: How ‘Spanish’ are Filipinos?

A review of the Spanish language in the post-colonial era may

THE loss of a language always results in conflicts with historical memory, a disorientation, and a gaping hole hard to reconcile in the collective identities of the people who once spoke it.

For a country that was once organized in the Spanish language— may it be in religion or civic order— many Filipinos seem to have less appreciation of how much the language has deeply shaped our contemporary psyche and cultural realities.

Gaspar Vibal’s newest book is an exceptional linguistic history volume that can only be written in the ruminating genius of a committed historian and an ardent Hispanista. It is a window to the development of Spanish in the Philippines, the travails of its preservation, and how it survived after the 300-year-plus colonial hold in the country came to an end. Its full title, “El Espanol en Filipinas: The History of the Spanish Language, the Academia Filipina, and the Hispano-Filipino Culture, 1924-2024” introduces the timeline and historical coverage that the author explores.

Once the dominant language across the archipelago, the Spanish language, indeed, has had a deep imprint and complex presence in our history and culture, and is a fabric of our identity that cannot be ignored. This is evidenced by the 5,000 Spanish loan words that are embedded in Tagalog or Filipino, linguistic assimilations and overlaps that we often gloss over. Even after the Spanish colonial rule had ended and the Americans took over the Philippines, significant variations are still widely spoken. These include the Creole Spanish or Chavacano that still thrives in Zamboanga and Cavite.

We should remember that it was only in 1987 that Spanish was officially abolished from the

JAKARTA—In his capacity as council president of the Southeast Asian Ministers of Education Organization (SEAMEO), Education Secretary Juan Edgardo “Sonny” Angara visited Indonesia, where he met on April 10 representatives and officials of the seven SEAMEO Centers hosted in the said country.

Angara highlighted the need to cultivate resilience, broaden learning exchanges and strengthen collective action in developing basic education in Southeast Asia. After the centers hosted by Indonesia presented their respective key programs and initiatives, the secretary applauded their efforts in strengthening SEAMEO’s collaboration, shared purpose and collective action in realizing the organization’s goals and the member-states’ collective vision of improving the quality of education in the region.

Angara then met with his counterpart: Indonesia’s minister of Primary and Secondary Education Abdul Mu’ti, as both

Philippine curriculum when the former Department of Education, Culture and Sports or DECS issued a memorandum removing it as a required subject in schools. This decision reflected the country’s shift toward promoting Filipino as the national language, and acknowledging English as the primary medium of instruction.

As stated in Department Order 46, Series of 1987: “Spanish and Arabic shall be promoted on a voluntary and optional basis.” This moment has obviously spelled the further decline of Spanishspeaking Filipinos or those fluent to some degree, but the language has persisted, nonetheless.

To underscore the value of Vibal’s book, Prof. Carlos Madrid of the University of Guam, who is also the former director of Instituto Cervantes de Manila, noted that it is a critical examination of the Spanish language and the Hispanic culture in the Philippines. It was published to mark the centennial of the “Academia Filipina de la Lengua Española,” providing a timely opportunity to reflect on the long and complex history of Spanish language in the Philippines. More than a history book, Vibal has this chronicle as a “love letter” to Spanish: his immersive experience in the language and the culture. As he describes, the book is “an eyewitness account of a living culture—something that he personally experienced in the 1960s and 1970s, and continues to celebrate.”

In the introduction, he recalled his interesting initiation to the language during his nascent years

that eventually led to his academic pursuits in Spain and later on, living in the Iberian country that fully shaped the “Hispanista” in him. All these encounters and intimacies with the Spanish culture were his impetus in authoring the book. The author is the executive director of Vibal Foundation, and is a scion of a family longestablished in the Philippine book publishing and commercial printing industry. Obviously, his heroic tasks and aims have been successful. Where the book hits its stride is the fact that it is ultimately wellresearched and historically dense with unquestionable academic awareness, with a profusion of insightful details that parse through a region of our cultural memory not so often critically examined.

Historical, contextual specificity WHILE Vibal has broadly written “El Español…” to explore the changes that the Spanish language has undergone in the postcolonial Philippines, it has its historical and contextual specificity. He particularly focuses on what became of the language after the rupture with Spain in 1898; specifically, 1924 onwards.

At its core, he examined “the evolution of Hispano-Filipino culture from the late 19th Century and the Philippine Revolution through the Spanish Civil War, as well as the devastation of World War

sides reaffirmed their strong pact to cooperation and collaboration, together with SEAMEO. The two ministers shared policies and exchanged best practices, as both discussed challenges and opportunities in educational development, especially in the areas of foundational learning, increasing literacy and numeracy skills, and focusing on the health

and well-being of young learners with respect to technological advancements.

Visit to Sentro Rizal

ON the sidelines of his official visit to Indonesia, Angara called on the Philippine Embassy in Jakarta led by Chargé d’Affaires Gonaranao B. Musor. The secretary expressed his delight upon visiting the embassy’s Sentro Rizal where he fondly remembered his father: the late senator Edgardo Angara who principally authored the law creating the center.

The Education chief also met with the Filipino community in the capital city of Indonesia, most of whom work as teachers in the said country. During their informal discussion, Filipino educators shared their experiences and recommendations to further strengthen basic education in the Philippines.

The secretary welcomed their comments and in turn, reaffirmed the Department of Education’s commitment to capacitate Filipino teachers while further improving the quality of education for the country’s students and learners.

2 that impacted Spanish-speaking communities. These historical events transformed Spanish from the dominant language of the ilustrados, early nationalists, and the clase directora [ruling century class] into a minority language.”

As efforts to retain the use of the Spanish had been tumultuous and fraught after the Spanish had given up control of the Philippines, Vibal underscores, however, that he approached these historical circumstances not with a lingering sense of postcolonial nostalgia. He instead assessed current conditions to honestly address the role and future of the Spanish language and Hispano-Filipino culture in the 21st Century.

To achieve this goal and anchor the historicization of the Spanish language’s survival in the postcolonial setting, he turns to the microhistory of the “Academia Filipina…” within broader sociopolitical economic contexts. It is an institution founded in 1924 in Manila, whose work is dedicated to the study, promotion and preservation of the Spanish language in the country.

He also turns the work of numerous literary scholars, including Wystan de la Peña, Isaac Donoso, Andrea Gallo, Beatriz Álvarez Tardío, Rocío Ortuño Casanova, Irene Villaescusa-Illán, and many others have conducted in-depth analyses of the content

STUDENTS from the French nonprofit higher education institution UniLaSalle, by way of an exchange program, recently immersed themselves in Filipino culture and gained valuable knowledge from industry experts.

Supported by a long-standing alliance which dates back to 2008, the school has collaborated with the De La Salle-College of Saint Benilde (DLS-CSB) to promote international education and reinforce academic cooperation.

“A key component of this [tie-up lets Benildeans] enroll in credit-earning courses and spend a term studying at UniLaSalle in France,” DLS-CSB’s Center for External Linkages director Oscar Sherlo Reyes confirmed. “Similarly, UniLaSalle students have the opportunity to study at ‘Benilde’ under the same framework.”

When Nutrition and Health student Gael Roustan was searching for his preferred school, he considered the Manila-based college because he wanted to try whipping up new fares: “We were taught a lot of lessons that we usually don’t learn in Beauvais, France such as bar management and cooking Filipino dishes.”

Food and Health Engineering enrollee Elona Shricke had the same reason for coming to Manila: “Filipino cuisine convinced me, because it’s really different from French. I’m vegetarian, so it’s difficult. I like chop suey and some desserts like turon [or sweet fried banana spring rolls].”

Thomas Petzel, whose course is Food Engineering, praised the DLS-CSB mentoring process: “The chef was really good at teaching us and taking care of exchange students. It’s

provide answers

and context of this literary period.

Moreover, Vibal again makes a thoughtful and intentional consideration: Instead of just limiting his recording of the vibrant literary culture of this particular period, he also focused on the performing arts during the time of Spanish-language theatrical performances, radio shows, musical concerts and public oratory. The inflection through the combined examination of literary and performing arts has enabled the author to distill realities that confronted the Spanish language within a complex and intriguing era. This transpired while exploring remarkable insights and challenges faced by the Academia within the context of Philippine history and culture.

Prof. Madrid observed these, “while language served as a tool for the colonizer to articulate control and assert dominance in any society subjected to colonial rule.” Revisiting the presence of the Hispanic language, as it largely shaped this nation’s history and culture, allows us to make sense of these pivotal events and reflect on who we are today.

The book reads as a valuable resource, a triumphant literature, and an essential read for those

interested in Spanish history in the Philippines in the lens of linguistic frames. It is recommended not just for those interested in linguistics and global language conservation, but for everyone.

Additions to consulate’s Philippine Library “EL Español…” was among the new publications that enhanced the Philippine Consulate General in Barcelona’s “Silid Aklatan:” the cultural resource center for the Filipino community and the general public in the Spanish city. In time for the 2025 National Literature Month, the consulate reaffirmed its commitment to promoting Philippine culture through literature with this year’s theme: “SIKAD Panitikan: Kultura at Panitikan ng Kaunlaran” which highlights the role of literature and culture in national development. In support of this advocacy, Vibal personally turned over five significant publications to the consulate. Other than his newly published book, the donated titles include “Dictionary of Philippine Mythology, Colonial Philately: Philippine Postage Stamps 18541946,” “A Visual Guide to Philippine Food,” and “Piña Futures: Weaving Memories and Innovations.” According to the consulate general, the additions further enrich the library’s collection, reflecting key dimensions of Philippine history, language, culinary heritage and folklore, offering valuable insights for Filipinos and international readers alike.

It expressed appreciation to Vibal for his generous contribution, while encouraging members of the Filipino community, youth and scholars in Barcelona to explore the Silid Aklatan collection and online catalogue.

Initiatives such as this, according to the consulate general, form part of its ongoing efforts to promote Philippine literature and strengthen cultural engagement within Spain and beyond.

PCG-Barcelona

with a report from

By Philip Paraan,

easier for us to understand, and we’re able to cook well.”

Aside from exploring new culinary techniques, Elise Jouannais enjoyed traveling around to see breathtaking places such as Bohol, Cebu and Banaue.

“We had free time to discover the country and be more independent.”

Apart from his love for cooking, Steeven Beraud shared one of his deciding factors for picking the Philippines: “It’s [beautiful with lots] of beaches.” Violaine Jouffre was delighted to wander around Manila and visit other regions whenever she had

ANGARA (left) and Minister Abdul Mu’ti MINISTRY OF PRIMARY AND SECONDARY EDUCATION

GASPAR VIBAL (right) receives a citation for his work.

FIVE publications, including “El Espanol en Filipinas…” (top left) donated by Vibal Publishing House were added to the Silid Aklatan of the Philippine Consulate General in Barcelona

THE group of foreign exchange students along with Benilde’s SHRIM-Culinary Arts Management officials

FRANCE-PHILIPPINES BUSINESS FORUM:

Partnerships strengthened, opportunities established

THE French Chamber of Commerce and Industry in the Philippines (CCI FrancePhilippines) tackled key business developments and explored avenues to strengthen trade and investments among a diverse group of business leaders.

In collaboration with the Embassy of France, the French Foreign Trade Advisors, Philippines-France Business Council, Makati Business Club, as well as the Department of Trade and Industry (DTI), the event successfully hosted by the FrancePhilippines Business Forum on April 11 served as a dynamic platform for fostering deeper economic collaboration and addressing vital issues in bilateral trade relations.

Trade Secretary Cristina Aldeguer-Roque and Min. Laurent Saint-Martin from the delegation for Foreign Trade and French Nationals Abroad opened the program with their respective messages. They underscored the long-standing economic partnership between France and the Philippines that highlight the importance of trade policies and investment incentives, as well as further boost the two nations’ business linkages.

Aldeguer-Roque reiterated the Marcos administration’s commitment in fostering a more investor-friendly economic climate. She cited the “CREATE MORE Law” being a clear signal of the country’s openness in inviting more French businesses to seek opportunities locally, then echoed the call to “keep making it happen in the Philippines.”

Meanwhile, Saint-Martin expressed France’s readiness to deepen economic ties, as he cited key industries for collaboration and pushed for a formal trade agreement to unlock market potential. He emphasized the importance of a clear trade framework, the benefits of the European Union’s (EU) preferential trade scheme, and the formation of a Joint Economic

Committee (JEC) as a step toward stronger bilateral cooperation. Philippines-France Business Council chair Anton Huang and CCI France-Philippines president Jacques Christophe Branellec delivered their respective introductory remarks, as both emphasized that partnerships remain the cornerstone of successful and sustainable economic collaboration.

Assessing French biz successes

THE first panel, “French Business Development in the PhilippinesKey for Success,” opened with a discussion on important elements driving French enterprises’ accomplishments in the country.

In the session titled “Key for Success 1: A Strong Partnership for Multiple Opportunities,” speakers Robert Baffrey of Makati Development Corp. and Joris Thomas of Bouygues Bâtiment International were joined by Francis Gotianun of Filinvest Development Corp and Jean Baptiste Dreanic of ENGIE. They discussed the value of longterm collaboration and mutual trust in unlocking business potential across sectors such as infrastructure and energy.

In “Key for Success 2: Take Advantage of Philippines Ecosystem and Competitive Advantages,” Oliver Tacorda of STMicroelectronic, Pamela Villangca of Air France, and Fides Ricasa shared insights on strategies that have supported their companies’ sustainability and growth in the Philippine market. Villangca emphasized the significance of connectivity in

driving business opportunities, as she noted that Air France is currently the only airline offering direct flights to Europe. This direct link not only facilitates tourism, but also strengthens trade and investment between the two regions, as she asserted that “making countries more accessible makes investments more possible.”

Meanwhile, Tacorda and Ricasa highlighted the value of long-term partnerships and innovation as key pillars in ensuring continued resilience and competitiveness in an evolving global landscape.

Unlocking trade, investment potential

THE second panel addressed opportunities and challenges in raising trade and investments for both countries. Discussions revolved around policy reforms, investment incentives, and private sector expectations to facilitate a more robust trade relationship.

Usec. Allan Gepty who is the chief negotiator of the freetrade agreement (FTA) with the EU elaborated on its key goals: promoting economic sustainability, and ensuring shared prosperity.

On the French and Filipino private-sector perspective, Christophe Lejeune (Makati Business Club [MBC]) and Jos Ortega (CCI France-Philippines) shared insights on leveraging the Philippines’ economic policies in fostering business-friendly regulations while elevating two-

way ties in maximizing trade and investment avenues.

Meanwhile, Usec. Ceferino Rodolfo who is the vice chair and managing head of DTI’s Board of Investments highlighted the country’s strong economic performance by posting a 5.6-percent gross domestic product growth last year—the secondfastest in Southeast Asia, and eighth globally. He elaborated on key areas for collaboration between France and the Philippines, then underscored avenues for French investors through reforms like the “CREATE Law.”

Rodolfo also pointed out the roles of the Philippine-French JEC and the ongoing Philippine-EU FTA talks in advancing strategic mutually beneficial ties.

The forum concluded with the closing remarks of MBC executive director Rafael Ongpin and Branellec. They reiterated the forum’s success in fostering meaningful dialogue, expanding business networks, and laying the groundwork for deeper cross-sector collaboration between France and the Philippines.

CCI France Philippines and its event partners, according to the former, are honored to have hosted an insightful gathering of business leaders and industry experts. Beyond exchanging ideas and success stories, it said the forum fostered meaningful connections and a shared vision for stronger economic ties between both countries.

BCCP: Trade diversification key strategy amid US tariffs

WITH the current discussions on increasing tariffs, Exec. Chair Chris Nelson of the British Chamber of Commerce Philippines (BCCP) emphasized the need for trade diversification that the country must pursue by leveraging market opportunities and other trading partners. Nelson further discussed the current sentiment of investors which remained uncertain, as he brought up the possibility of a “90day tariff pause.” He added that this uncertainty would be “...the last thing [one needs for a] business. As much as you can, you want to try and plan, and plan long term. This is specific to trade with the United States. However, [we are trying to look] at other areas of opportunity.”

Socioeconomic Planning Secretary Arsenio Balisacan also noted that US tariffs could contribute less than 0.5 percent to the country’s economy. He added: “Whether there are tariffs or [none], we should keep pushing for the

strengthening of our economy and competitiveness, putting in place things that can improve our productivity so that when opportunities come again, we are ready to seize those…” For instance, the United Kingdom remains a significant trading partner of the Philippines, as total trade in

goods and services currently stands at £2.8 billion. Discussions have recently been elevated to include the inaugural Joint Economic and Trade Committee meeting held on March 17, 2025. To continue this momentum, the British Chamber welcomes the initiative of the Philippine Economic Zone

GPCCI highlights milestones and strategic outlook at annual meet

THE German-Philippine Chamber of Commerce and Industry (GPCCI) held its Annual General Meeting of Members 2025 on April 15. Members, partners and representatives from government and diplomatic institutions gathered and reflected on a year of strong accomplishments, then shared strategic priorities for the future.

Among major initiatives highlighted were the “ProRecognition” project, which provides skilled Filipino workers with guidance on qualification recognition and immigration to Germany, as well as the “Hand in Hand for International Talents” pilot program, which supports the recruitment of electrical and mechatronics specialists for the German labor market.

The chamber also spotlighted the performance of the GermanPhilippine Business Action Portal: a dedicated platform that allows businesses to raise concerns related to bureaucratic processes with government agencies. Since its launch, the platform has maintained a 100-percent resolution rate, which underscores GPCCI’s commitment to helping its members in promoting ease of doing business and government service efficiency.

“Beyond these flagship events, we will continue our ongoing efforts to advocate for the interests of our members, facilitate industry dialogues, and strengthen business ties both locally and internationally,” said GPCCI president Marie Antoniette Mariano.

She opened the meeting with a review of the chamber’s achievements in the past year: “We remain committed to providing meaningful platforms for networking, knowledge exchange and policy discussions, ensuring that our community stays informed and well-positioned to seize emerging opportunities.”

GPCCI also highlighted a productive and impactful 2024. Its active engagement in international business forums such as the “NRWAsean Summit” in Germany, as well as the “Asia-Pacific Conference of German Business 2024” in New Delhi demonstrated the chamber’s commitment to elevating the Philippines as a trade and investment destination. Locally, its participation in the “12th Asian Development Bank Business Opportunities Fair” and hosting of the “German Ambassador’s Cup” reaffirmed the strength of business diplomacy through both formal and informal platforms.

In the area of sustainability, GPCCI—together with the German Embassy in Manila—successfully hosted the “Sustainability Forum” which placed a spotlight on the Philippines’ green transition goals.

Authority to host an investment mission in the UK from June 25 to 27, 2025.

The BCCP official also noted that the Philippines could further leverage on its existing trade agreements such as the Regional Comprehensive Economic Partnership or RCEP— regarded as the largest free-trade area in the world—while remaining optimistic that the Philippines could also join the Comprehensive and Progressive Agreement for TransPacific Partnership where the UK is already part of.

Another part of the chamber’s initiative is its active work with the Philippine government, notably during its recent visit to the Department of Finance and the National Economic and Development Authority (now the Department of Economy, Planning and Development or DEPDev), as it discussed two-way opportunities seen to boost the country’s economic growth and further hike the number of British firms operating locally.

strengthen our bilateral ties.” In his speech, the ambassador commended Pres. Ferdinand R. Marcos Jr.’s efforts to connect the Philippines more closely with the international community of like-minded nations and deepen cooperation across various levels— including trade, investments, and the protection of a rules-based international order.

He acknowledged progress in the European Union-Philippines Free Trade Agreement negotiations, as he noted that both sides have set ambitious goals for a more integrated and sustainable trade relationship.

The German envoy also highlighted GPCCI’s valuable contributions to this dynamic partnership, including its role in the Joint Economic Commission, the Asia-Pacific Conference of German Business, and the NRWASEAN Summit. He pointed to the modernization of key sectors such as energy, infrastructure, logistics and manufacturing which are taking shape with the participation of several German companies in the Philippines.

“GPCCI has been remarkably successful in fostering bilateral exchanges, strengthening the economic partnership between our two nations,” he further stated. “I am confident that Germany will remain a trusted partner to the Philippines, continuing our high-level dialogues and bilateral exchanges in Berlin and Manila in various formats.”

Outlook for 2025, beyond GPCCI emphasized the importance of agility and strategic foresight in navigating an increasingly complex global landscape. The chamber said it is set to strengthen engagements in emerging sectors such as artificial intelligence, bioenergy, sustainability, future mobility and advanced manufacturing, while positioning itself as a forwardthinking partner in innovation and growth.

“We aim to be more than a platform; we want to be a strategic partner that helps our members anticipate change, adapt quickly, and access meaningful opportunities,” GPCCI executive director Christopher Zimmer shared.

“Whether through policy dialogues, targeted delegations or industry forums, we will continue to provide spaces where German and Philippine businesses can collaborate, co-create and thrive.”

Another key milestone was the release of the first edition of the “Doing Business in the Philippines Guidebook:” a valuable tool designed to assist German investors entering the Philippine market. Despite global uncertainties, the chamber reported a balanced financial outcome for the year, reflecting strong financial stewardship.

Also announced was the appointment of SyCip Gorres Velayo & Co. as the chamber’s external auditor for the current fiscal year.

Economic engagement role COMPLEMENTING these initiatives were significant milestones in public-private engagement and global economic cooperation. Amb. Dr. Andreas Pfaffernoschke highlighted the pivotal year ahead for both Germany and the Philippines.

Pfaffernoschke said that 2025 marks another pivotal year for both countries: “After our 70-years of diplomatic relations celebration last year, we will continue to further

Building on the momentum of 2024, the chamber will launch several high-impact initiatives in 2025. In the health care sector, the Delegation on Medtech and Digital Health was announced as a key undertaking that will bring German medical technology leaders to the Philippines for a week-long exchange with local stakeholders, aimed at fostering innovation and collaboration.

Looking ahead to its flagship cultural and trade showcase, GPCCI confirmed the return of “Mabuhay Germany” with the theme: “In High Spirits!” The two-day street fair scheduled for November 7 and 8 at Bonifacio Global City, Taguig will celebrate the vibrancy of GermanPhilippine relations through business exhibitions, cultural performances and community engagement.

In closing, the chamber recognized its long-standing members who have reached their fifth, 10th and 15th anniversaries, as it recognized their loyalty and continued engagement with its community. With a strong foundation built on trust, collaboration and shared values, GPCCI said it has reaffirmed its pledge to serve as a reliable partner in shaping a more connected and prosperous German-Philippine business landscape.

BCCP executive chair Chris Nelson (left) and Sec. Arsenio Balisacan

MIN. Laurent Saint-Martin

SEC. Cristina Aldeguer-Roque

Editor: Anne Ruth Dela Cruz

Beyond the physical: Mental health’s crucial role in road to cancer recovery

By Candy P. Dalizon Contributor

THE cancer experience, encompassing both diagnosis and treatment, presents substantial physical difficulties. However, the considerable mental and emotional strain experienced by patients and their families frequently receive less attention.

From the moment of diagnosis through the uncertainties of treatment and beyond, maintaining mental wellness is an integral, yet often o verlooked, aspect of comprehensive cancer care.

a uthorities, such as the American Society of Clinical Oncology (ASCO).

Common psychological challenges

WHEN a suspicious lump is found or persistent symptoms appear, a wave of distress immediately engulfs an individual.

worry are normal emotional responses to the challenges of cancer, it is c rucial to distinguish between these typical reactions and more persistent mental health conditions. Dr. Mallillin said the umbrella term “distress” o ften encompasses both anxiety and depression in this context.

these symptoms to determine when a referral for mental health support is necessary.

Therapeutic support

A MULTI-FACETED approach is essential in addressing the mental wellness needs of cancer patients.

according to Dr. Mallillin, is a valuable approach in addressing negative t hought patterns and teaching patients effective strategies for managing their reactions to cancer.

“It has been noted that those who are mentally prepared and have good coping skills during the illness have better treatment outcomes and recovery. That is why preventing distress i s very important in cancer management. Distress is the 6th vital sign w e look for in cancer patients,” said Dr. Maria Madeline Mallillin, head of the Psychosocial Oncology Section, Healthway Cancer Care Hospital (HCCH).

“First reaction to detecting a lump or any symptoms that don’t go away is distress manifesting as anxiety, fear, and sadness. Patients and their loved ones often scramble for answers and available treatment, and this is accompanied by feelings of dread, sadness if the cancer is far advanced, intense anxiety, and existential and spiritual distress.” said Dr. Mallillin, a distinguished psychiatrist with extensive leadership experience.

W hile body temperature, pulse rate, blood pressure, and respiratory rate are the standard four vital signs, with pain considered the fifth, the significant prevalence of distress in cancer patients has led to its designation as the sixth vital sign. This d eclaration was made by the International Psycho-Oncology Society ( IPOS) and has been adopted by the National Comprehensive Cancer Network (NCCN) and several other health

S he noted that the numerous diagnostic workups and treatment itself can traumatize some patients. Furthermore, complications and side effects exacerbate their distress, often causing significant physical discomfort and pain.

Recognizing anxiety, depression, distress WHILE experiencing sadness and

It becomes a cause for concern when these feelings persist for more than two weeks and begin to significantly interfere with daily functioning. Dr. Mallillin cited other signs t o look for which include difficulty adhering to medical workups and management, avoidance of anything related to cancer and its treatment, persistent anxiety attacks, frequent crying spells, and feelings of hopelessness.

T he distinction between normal responses and conditions needing treatment lies primarily in the intensity, the duration, and the impact of t he emotional response.

While transient sadness or anxiety related to a specific appointment or result is normal, persistent and debilitating feelings that hinder daily l ife warrant professional attention.

Healthcare providers are trained to assess the severity and duration of

Initially, patients and their loved ones can benefit from psycho-education, and, if needed, stress debriefing,” shared Dr. Mallillin.

P sycho-education can empower patients and their loved ones with knowledge and understanding, while stress debriefing can provide an outlet for processing difficult experiences.

When medication is required to manage symptoms like insomnia, anxiety, or depression, it is often prescribed to help patients achieve a greater sense of calm, particularly during demanding periods like chemotherapy or before medical procedures.

Medication is often a tool to stabilize symptoms, allowing patients to b etter engage in psychotherapeutic modalities.

Cognitive Behavioral Therapy (CBT) with integrated mindfulness,

S he also highlighted Dignity Therapy, a narrative therapy, as particularly helpful for patients with a dvanced cancer in exploring their personhood and establishing their dignity through a legacy document.

Depending on individual needs, other therapeutic modalities may also be beneficial. Complementary therapies with proven therapeutic benefits, such as acupuncture, yoga, chi-gong, music, and art therapy, can also play a significant role in promoting mental and emotional well-being.

D r. Mallillin emphasized that mental health support should be tailored to each cancer patient’s specific needs and stage. She conducts t horough assessments considering cancer type and stage, medications, and medical interventions to understand their emotional impact, the patient’s perception, their relationship w ith the medical team, and overall well-being.

See “Beyond,” C2

ASIAN HOSPITAL STRENGTHENS TIES AND SKILLS IN A SEASON OF SYNERGY

IT has been another busy few weeks for Asian Hospital and Medical Center as it entered and renewed partnerships, undertook a charity exhibition, and hosted educational events led by the Departments of Surgery and Dental Medicine.

Active Pharmaceutical Ingredients MOA Signing

ASIAN Hospital marked a significant milestone as it entered into a partnership with Active Pharmaceutical I ngredients (APIS) Co., Ltd. of South Korea. This is the South Korean company’s first official collaboration in t he Philippines, aimed at providing Filipino patients access to advanced cancer treatment options abroad. The ceremonial signing was graced by key leaders including Hongrok Moon, CEO of APIS Co., Ltd.; Dr. Beaver Tamesis, President and CEO of Asian Hospital; Dr. Carmen Nievera, Chief Medical Officer; and Dr. C orazon Ngelangel, Program Director of the Asian Cancer Institute. A lso present were representatives from KOTRA Manila—Hybong Lee, Deputy Director, and Alex Lucas, Marketing Specialist.

The partnership opens new doors for Filipino cancer patients, offering access to specialized Proton and C arbon Ion Therapy in South Korea—advanced treatment options for resistant, recurrent, and terminal cancer cases. Beyond clinical care, the collaboration also emphasizes education, t raining, and research opportunities, aiming to elevate oncology expertise and cancer care capabilities in the Philippines.

Medical Center Imus Partnership

ASIAN Hospital and Medical Center and Medical Center Imus (MCI) re newed their partnership through the signing of a Memorandum of Agreement under AHMC’s Hospital Engagement and Alliance Linkage (HEAL) Program. This renewal affirms their commitment to delivering high-quality healthcare services. T his continued alliance under -

scores Asian Hospital’s mission to e xtend its world-class medical standards and exceptional patient care b eyond its premises, ensuring more communities benefit from innovative healthcare solutions.

Representing Asian Hospital were Dr. Beaver Tamesis, President and CEO; Marvi De Los Santos, Manager of Strategic Partnerships; and R amona Jaira Dolores, Patient Network Officer. MCI was represented by D r. Jo Eileen Ringler-Pama, Deputy CEO; Dr. Gaudencio Abratique, Chief of Clinics; Kenneth Joseph Veneracion, Chief Operating Officer; Dr. E lizel Claveria, Deputy Chief Medical Officer; and Aldren Lopez, Chief Fi nancial Officer.

Both institutions remain committed to their shared vision of delivering the highest quality care at a n affordable cost to patients and

communities.

Likhang Pagkalinga

Charity Exhibit THE “Likhang Pagkalinga Charity Exhibit,” held from April 2 to April 11, 2025 at the Main Lobby, was a heartfelt celebration of art and advocacy—blending creativity with c ompassion for a meaningful cause in partnership with Monarch.

Gracing the occasion were Dr. Beaver Tamesis, AHMC President and CEO; Dr. Ma. Rosario Sevilla, AHCI President; and Allan Ancheta, Curator of The Monarch, who helped bring the inspiring showcase to life. The event was also attended by members of the Asian Hospital community, patients, and esteemed guests, a ll coming together to celebrate art and generosity. Part of the proceeds were donated

to Asian Hospital Charities, Inc. Department of Surgery Lecture and Workshop ASIAN Hospital’s Department of Surgery conducted a two-day lecture and workshop. The first day’s topic, “The Essentials of Catheter, Vascular Access, and Stoma Care,” was led by board-certified specialty surgeons.

This comprehensive training aimed to enhance clinical competence by equipping healthcare professionals with practical skills in the s afe and effective handling of Foley catheters, vascular access catheters, and stoma care—all essential components of patient management and p ost-operative care. The second day focused on “The Essential Role of the Perioperative Nurse in Laparoscopic Surgeries,” held at the Nursing Simulation Lab.

This session aimed to equip perioperative nurses with the knowledge a nd skills necessary to contribute to patient safety and the success of laparoscopic surgeries through practical t raining and evidence-based best practices. One of the speakers was Dr. Errol Santilleces who conducted a General Surgery Lecture.

Department of Dental Medicine

Postgraduate Course

THE Department of Dental Medicine conducted a hybrid postgraduate course titled “Essential Updates in Dentistry: Techniques and Guidelines.” One of the speakers was Dr. B enjamin Co who talked about the Review of the Current Clinical Practice Guidelines for Dental and Oral I nfections. The course offered both online and in-person sessions, providing

participants with a dynamic learning environment to explore the latest t rends, techniques, and technologies in dentistry. It also created a valuable

Early recognition, awareness help assure better outcomes vs pediatric cancer

By Rory Visco | Contributor

BASED on data from the World Health Organization (WHO), around 4,700 new childhood cancer cases among the zero to 19 age bracket are diagnosed in the Philippines every year.

The most common cancers in children are Acute Lymphoblastic Leukemia or ALL, the most common and most treatable, brain and spine, lymphoma, retinoblastoma, germ cell tumor, and Wilm’s Tumor or nephroblastoma.

Essentially, leukemia is very much treatable when detected through early diagnosis and regular chemotherapy. But, unfortunately, many kids in the country still perish from leukemia every year, pointing to the fact that pediatric cancer remains a serious health challenge in the country.

Early detection and treatment is vital

HEALTHCARE professionals profess that early detection and treatment, just like in any other ailment, are crucial in order to improve rates of survival. It is said that in the Philippines, the five-year survival rate for pediatric cancer is between 25 percent and 50 percent which, regrettably, pales in comparison with the 80-percent survival rate in higherincome countries.

Many believe that a huge part of this inequality includes late-stage diagnoses, limited access to specialized care, and more importantly, financial constraints. Up to 80 percent of families discontinue the treatment due to the high economic burden, and this eventually leads to a high

Is

mortality rate.

In terms of access to treatment, there have been several efforts for improvement, such as the Acute Lymphoblastic Leukemia Medicines Access Program (ALLMAP), which provides free chemotherapy drugs to poor or indigent patients afflicted with ALL. Aside from that, the program provides funding for a data registry and training for healthcare professionals involved in childhood cancer management. The Philippine Children’s Medical Center Cancer and Hematology Center was also designated as a national referral center to help address challenges such as treatment access.

But still, overcoming barriers like “financial toxicity” and “geographic inequities,” which can manifest in many sectors, especially in healthcare, are among the most essential factors that need to be addressed by government policymakers in order to enhance survival outcomes for cancer-stricken Filipino children.

Addressing the burden

VARIOUS pieces of legislation were also passed such as Republic Act 11215 or the National Integrated Cancer Control Act (NICCA) and Republic Act 11223 or the Universal Health Care (UHC) Act in 2019 in order to push for the provision of quality care and reduce the burden

on affected populations. These initiatives aim to strengthen the health system by building capacity in policy and research. The NICCA also set in motion the creation of the Philippine Cancer Center, which serves as the country’s center of excellence in cancer care, research and development, and capacity development.

Aside from this, the Philippines is also an active partner in the WHO’s “Global Initiative for Childhood Cancer,” whose goal is to achieve at least 60-percent survival rate and reduce suffering among children with cancer by the year 2030.

Support comes in many ways DESPITE the challenges to address pediatric cancer care in the country, support is not waning. Recently, a running event called “Run To Share 2025” was held at the Ayala Triangle in Makati City and was organized by the I Want To Share Foundation as the starting point of its year-long awareness campaign to unite communities for a meaningful cause. It also served to promote personal well-being and as a life-saving mission. This charity initiative advocates for early childhood cancer detection and treatment since 75 percent of children battling cancer are diagnosed with leukemia, and many rely on blood transfusions as part of their treatment

For a minimal fee, participants registered for the 3K and the 5K run. Running enthusiasts flocked to the event, and organizers were able to successfully generate a total of P1 million in donations to support pediatric cancer patients. Every participant’s registration fee served as a valuable contribution in providing essential blood transfusions and therefore made a real difference. Proceeds of the event benefited

your teen sleep-deprived? These expert bedtime tips could help

NAVIGATING bedtime with a teenager is, in many homes, a nightly battle with a constant refrain: Get off your phone! Go to bed!

Research shows that today’s teenagers are more sleep-deprived than ever before. Adolescents need between eight and 10 hours of sleep, according to the Centers for Disease Control and Prevention. But nearly 80 percent of American teenagers aren’t getting that, and experts say it’s affecting important areas like mental health and school attendance.

Bedtime routines aren’t just for toddlers. Teenagers need them too, says Denise Pope, an expert on child development and a senior lecturer at Stanford University’s Graduate School of Education.

Experts in adolescent sleep say a few small changes to how parents and teens approach sleep can make a dramatic difference.

Try a tech-free bedtime routine for teens

THE first step to setting up a better bedtime routine is dealing with technology.

n Separate children from their devices at night. Phones, tablets, streaming services and video games aren’t the only things keeping kids up at night, but experts agree they are a major factor in delaying sleep.

“Get the temptation out of the bedroom,” Pope says. If the phone is within arm’s reach, it’s hard to ignore when notifications buzz. Many teens say they fall asleep while scrolling, or reach for their phone if they have trouble sleeping, and end up scrolling for hours.

n Be prepared for excuses. “My phone is my alarm clock” is something a lot of parents hear. The solu -

tion: Buy an alarm clock.

n Put screens away an hour before bedtime. Exposure to light prevents the release of melatonin, the hormone released by the brain that makes us feel drowsy. Then, replace screens with a new wind-down routine.

n Try to get to bed around the same time each night and start winding down at least 30 minutes before. During that time, silence notifications, take a warm shower, read a book. To get an idea of what your teen’s bedtime should be, try an online “ bedtime calculator,” such as the one from the American Academy of Sleep Medicine.

n Avoid caffeine and energy drinks in the afternoon and evening.

n The best sleep environment is a cool, dark, quiet room. In noisy households, earplugs and a sleep mask can help. If a bedroom is too warm, it can affect getting to sleep and staying asleep, says adolescent sleep expert Kyla Wahlstrom. Know the signs of sleep deprivation in teens

SOME of the telltale evidence of sleep deprivation: being irritable, grumpy, short-tempered, emotionally fragile, unmotivated, impulsive and more likely to see the world and oneself through a negative lens. A

sleep-deprived teen also may fall asleep during the daytime, in the car or in class.

“We often blame adolescents for being lazy or unruly or having bad behavior, much of which could be attributed to the fact that they are chronically sleep-deprived,” says Wendy Troxel, a clinical psychologist who has conducted numerous studies on adolescent sleep.

How do you tell the difference between a sleepy teen and a cranky-but-well-rested one?

n One key sign is what sleep expert Joanna Fong-Isariyawongse calls “zombie mornings.” “If your teen hits snooze five times, takes forever to get out of bed, asks you for a big cup of coffee first thing in the morning, most likely they are running on empty,” says Fong-Isariyawongse, a neurologist at the University of Pittsburgh.

n Extreme mood swings are another sign. Sleep is critical for emotional processing, which is why sleepdeprived teens are more likely to be irritable, anxious or depressed.

n A sleep-deprived teen may fall behind in school, because sleep is essential for learning and memory consolidation.

n Teens who sleep less are more likely to make bad choices when it

pediatric cancer patients at the University of the Philippines-Philippine General Hospital (UP-PGH) Pedia Hema-Onco Division.

“Run To Share is more than just a race. It’s a step toward hope, healing, and solidarity,” according to Sheila Romero, founder of I Want To Share Foundation. “Every ticket purchased represented a bag of blood needed for transfusions, directly helping children fighting cancer. With our collective efforts, together, we can make a difference.”

Childhood cancer is real CANCER is definitely scary, and it is real and it exists, but remains treatable if detected early. However, in most families, specifically parents, they often blame themselves if it turns out that their child has cancer because they did not care for their child properly.

So what really causes cancer in children? Makati Medical Center

Pediatric Hematologist and Oncologist Dr. Joliza Patricia Cañeba said in an interview over “Healthline with MakatiMed radio program” that unfortunately, it’s still unknown up to this time.

“Unlike adult cancers, you know there are risk factors like lifestyle (smoking, drinking) or environmental factors that can be prevented. What’s difficult with childhood cancer is that there’s no preventive campaign because it can sporadically happen,” she added. What’s important now, she said, is that there is awareness that cancer can happen in children. “Kids can have cancer, too. The most important thing now is early recognition so that the treatment is less intensive, less toxic, and the outcomes are better so it starts with early diagnosis,” she concluded.

comes to drug or alcohol use, drowsy or reckless driving and risky sexual behavior.

n Does your teen sleep until lunchtime on weekends? “Most likely they are not getting enough sleep during the week,” says Fong-Isariyawongse. It’s fine to sleep in a bit, but try to limit it to a couple hours. Otherwise, it throws off the body clock and makes it harder to wake up when the new school week begins.

Why should teenagers care? Show them the science EXPLAIN to your teens why sleep matters, and that it’s not just nagging parents who say so. The data on mental health and sleep is vast.

n Many studies show that depression, anxiety and the risk of suicidal thinking go up as sleep goes down.

n Beyond mood, sleep deprivation affects physical and athletic ability. That’s why several NFL and NBA teams have hired sleep coaches. Teens who are sleep-deprived sustain more physical injuries, because they take more risks, their judgment is impaired, and reflexes and reaction times are not as fast. Teens who get more sleep perform better in sports, and when they do get injuries, they have a quicker recovery time.

n More teenage car accidents come from drowsy driving than driving under the influence of alcohol, studies show. Teens who say they get less than eight hours of sleep a night are more likely to text while driving, not wear a seat belt, drink and drive— or get in a car with a driver who has been drinking.

As any parent knows, telling their teenager to go to sleep does not always work. You need to get their buy-in.

“Kids need to be educated about sleep, and their brain health and emotional health, and how it all ties together,” says Wahlstrom. “Tell your kids, ‘You’ll do better in school, better in sports, you’ll look better after a good night’s sleep.’ Because until they want to help themselves, they won’t do it.” Jocelyn Gecker, AP

By Claudeth Mocon-Ciriaco

AS temperatures continue to rise, the Department of Health (DOH) warned the public anew on the risk of heat-related illnesses.

“Remember that heat related illnesses are dangerous so we must be extra careful” the DOH said.

The DOH said that the public should always be ready and be alert especially in areas where there is a dangerous level of heat index.

PAGASA categorizes areas with a 42°C to 51°C heat index in the “danger” category.

The DOH encourages the public to

THE Philippine Health Insurance Corporation (PhilHealth) has reminded Filipinos anew of the inpatient benefits for heat-related illnesses in accredited hospitals nationwide.

In a statement, the PhilHealth cited that Filipinos are at risk for such illnesses since summer officially started on April 16, 2025, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration.

From January 1 to April 29, 2024, the Department of Health (DOH) reported 77 cases of heat-related illnesses with seven resulting in deaths.

The in-patient benefit packages for common illnesses during summer include:

n Heat stroke, heat exhaustion, heat collapse, heat cramp and sunstroke at P12,675;

n Heat fatigue and other effects of heat and light at P18,135; Moderate to severe dehydration at P7,800;

Beyond...

Continued from C1

“With this information, together with inputs from the patient and their loved ones, we can make an informed decision on how to move forward with the patient’s psychosocial management,” added Dr. Mallillin.

Dr. Mallillin also pointed out that family and support systems—including family, friends, workplace support, and the wider community—significantly boost a patient’s well-being, often leading to a better quality of life and improved treatment outcomes.

Coping and Resilience

EMOTIONAL resilience during cancer treatment can be built by consciously accepting the present, being open to help, and fostering a supportive social network. Dr. Mallillin highlighted that accepting reality is crucial for developing coping mechanisms.

Healthy strategies for managing fear, uncertainty, and body image issues include acceptance, fortitude, a positive yet realistic mindset, and spiritual growth, which she notes is linked to better quality of life. Maintaining purpose and normalcy, and focusing on personhood beyond the disease, aids in understanding and navigating a “new normal.”

Screening and Intervention

SCREENING tools are valuable in proactively identifying patients who may be experiencing distress. Dr. Mallillin identified one comprehensive tool which is the NCCN Distress Thermometer and Symptom Checklist. This allows both the patient and healthcare provider to understand the intensity of the patient’s distress, identify contributing symptoms, and assess their psychosocial and spiritual state.

Referral to psychosocial oncology services is crucial when healthcare professionals observe patients who are inconsolable, exhibit intense fear leading to delays in diagnostic work-up or treatment, experience persistent and worsening anxiety, insomnia, or sadness, express thoughts of suicide, have a history of trauma, or present with delirium.

“If the NCCN distress screening form is used, a score of five or more in the scale is already an indication to refer to psycho-on -

avoid too much sun exposure to prevent heat stroke.

Keeping oneself hydrated is a big help drinking to prevent dehydration, the DOH said.

According to the DOH, it is also important to wear light and loose clothing. If there is a person who suffers from heat stroke the following should be applied:

n Bring the patient to a shaded area n Call Emergency 911 and DOH Hotline 1555

n Remove clothing that contribute to the body’s heat

n Use ice packs, fan, or water to cool the body

n Varicella/chickenpox without complication, P7,800; n Typhoid fever, P19,500; n Sore eyes/conjunctivitis at P16,575; n Infectious diarrhea/acute gastroenteritis at P11, 700; and n Toxic effect of contact with fish and other marine animals such as jellyfish, sea anemone, shellfish, and starfish at P11,115.

Meanwhile, the Out-patient Emergency Care Benefit Package covers members for acute health care needs and heat-related illnesses. It can be availed at accredited Level 1 to 3 hospitals. Members are also reminded to observe preventive measures—drinking lots of water, staying indoors when sun is at its peak, proper and regular washing of hands, and taking a bath regularly—to avoid such illnesses.  Ma. Teresa Montemayor, PNA

cology service,” said Dr. Mallillin. Regular assessment of psychological wellness should be an ongoing process throughout the patient’s treatment journey. Dr. Mallillin added that this should occur at every chemotherapy session or point of contact with the doctor. For hospitalized patients and those undergoing radiotherapy, a weekly assessment is recommended.

HCCH Quality of Life Department

THE HCCH medical team integrates mental wellness into cancer care by proactively incorporating the assessment of patients’ psychological status into every interaction. Simply inquiring about their emotional well-being can open vital discussions and initiate mental health support. Furthermore, standardizing the use of screening forms within the hospital system can effectively identify patients who may be hesitant to voice their distress.

“On a national level, adapting it as part of standard care will be an excellent move,” said Dr. Mallillin.

Recognizing the importance of holistic cancer care, HCCH’s Quality of Life Department plays a central role in providing comprehensive support to patients, with psychosocial oncology as a key service. This department also encompasses a wide range of essential services, including rehabilitation (physical and occupational therapy), cancer nutrition, symptom management, palliative care, survivorship programs, patient education, support groups, and oncodermatology. In conclusion, attending to the mental wellness of cancer patients is vital for comprehensive and successful care. By acknowledging their specific psychological struggles, identifying distress, offering personalized support, and using proactive strategies, patients can navigate their cancer journey with more resilience, optimism, and a better quality of life.

About Healthway Cancer Care Hospital HEALTHWAY Cancer Care Hospital is the Philippines’ first dedicated cancer care hospital, providing comprehensive and cuttingedge cancer treatment services to patients across the country. For more information, please visit https://healthwaymedicalnetwork.com.ph/our-network/healthway-cancer-care-hospital/

&Fitness

Sleep well, travel better: Why prioritizing sleep health matters

Nicole Paler

Story

IN today’s fast-paced world, travel is more than just sightseeing—it’s a chance to rest, reset, and reconnect. But even the most beautiful destinations lose their charm when you’re running on poor sleep. Whether you’re escaping to the cool breeze of Tagaytay, the serene beaches of Palawan, or the vibrant streets of Cebu, sleep health plays a crucial role in making the most of your adventures.

Quality sleep doesn’t just make you feel better—it helps you enjoy more. Studies show that sleep affects everything from mood and memory to immunity and metabolism. For travelers, this means better energy during long day tours, more patience for unexpected detours, and sharper focus when discovering new places. Unfortunately, a growing body of research suggests that Filipinos are among the most sleep-deprived people in the world, due to unhealthy sleep habits, like having coffee in the middle of the day or having to focus more on work and productivity.

Part of your itinerary

ACCORDING to the Philippine Society of Sleep Medicine, Inc. (PSSM), sleep deprivation and disorders such as obstructive sleep apnea are silently impacting millions of Filipinos. The lack of sleep doesn’t just affect energy levels; it weakens the immune system, affects memory and mood, and increases the risk of chronic diseases.

Experts now say we need to reframe the conversation around sleep as a public health priority, especially in the context of travel and tourism.

As per Dr. April Caparas-Manlagñit, “In other countries, stores close early, and people prioritize rest. But here in the Philippines, malls stay open

PBy Vincent Peter Rivera

HILIPPINES ’ leading provider of dialysis care Nephro Plus Consultancy Inc. and growthdriven investment firm Conifer Capital officially partnered to improve renal healthcare in the Philippines.

“The partnership of our two organizations symbolizes not just a strategic partnership but a shared vision in unwavering commitment to improving the quality of life for countless Filipinos,” said Donna Gatus Mangulabnan, a US-trained nurse and CEO of Nephro Plus Consultancy Inc.

Recognizing that Chronic Kidney Disease (CKD) is the fourth leading cause of death in the country, this partnership aims to address the deficit of approximately 8,000 dialysis

until midnight, and our Christmas season—the longest in the world— keeps us up late. Add to that the rise of social media and digital distractions, and you have a recipe for widespread sleep deprivation.”

Dr. Rodolfo V. Dizon Jr., points out that “sleep deprivation isn’t just an individual problem; it’s a national issue.” And traveling can sometimes make sleep worse. From red-eye flights and overnight buses to unfamiliar hotel beds and packed itineraries, it often disrupts natural sleep cycles. That’s why prioritizing sleep on the road is just as important as planning your next stop. The good news? The tourism and hospitality industries are catching on.

Many hotels and resorts in the Philippines are now making sleep wellness a top priority. From blackout curtains and soundproof rooms, aromatherapy options for your massage after a day of island hopping, accommodations are upgrading their sleep amenities. Boutique resorts in wellness destinations like the ones in Batangas are integrating special “sleep packages” that include relaxing spa treatments,

stations with over 100,000 patients requiring immediate treatment.

At a signing ceremony at Grand Hyatt Manila last April 10, 2025 Conifer committed a US$7 million investment to further support the development of Nephro Plus’ network of publicprivate partnership (PPP) clinics and address the shortage of dialysis centers in the country.

“My vision is to provide true, holistic, and quality healthcare specially for indigent Filipinos and the underserved population of our community,” Mangulabnan stated, highlighting her commitment to provide an accessible optimal medical service for everyone.

Holistic approach

JIMMY QUACH, Managing Partner of Conifer Capital, explained that Mangulabnan’s expertise and holistic ap -

herbal teas, and curated room environments designed for deep rest. This aligns with a growing global trend in wellness tourism, where travelers seek not only adventure, but holistic well-being.

How to sleep better while traveling WHETHER you’re in a five-star resort or a cozy Airbnb, there are steps you can take to sleep better on your journey:

n Stick to a routine. Try to go to bed and wake up at the same time each day to keep your body clock in sync.

n Watch your meals. Avoid heavy dinners, caffeine, and alcohol close to bedtime; they can all affect sleep quality.

n Set the scene. Use eye masks, earplugs, or calming music apps to create a restful environment, even in unfamiliar places.

n Unwind. Give yourself time to relax before bed. Read a book, not an e-book from your tablet or screen, mind you. Screen time before bed will disrupt your melatonin production and sleep. Or enjoy a warm bath if your accommodation offers it.

proach to renal care were key to their partnership.

“One of the reasons why we wanted to work with Donna is she’s not only good at opening dialysis centers but she’s thinking about the supply chain, getting all supplies needed in the country because of the shortages. She’s also thinking about nursing and training healthcare practitioners,” Quach mentioned.

To solidify their newly announced partnership, Nephro Plus plans to upgrade its current three dialysis centers: Hemocare System Inc. (HSI), Dasmariñas Renal Care Center, and St. Augustine Dialysis.

They also aim to expand their dialysis services to densely populated areas across Luzon, including key locations in CALABARZON, Bulacan, Taguig, Cainta, and Quezon City. This

The sleep-tourism connection

THE shift toward better sleep in travel isn’t just a trend; it’s a recognition of how essential rest is for a fulfilling life. As travelers demand more thoughtful and health-conscious experiences, destinations across the country are responding with accommodations designed not just for style, but for restorative sleep.

One brand that has supported this movement is Uratex, a trusted name in sleep solutions, which recently celebrated its 17th consecutive Reader’s Digest Platinum Most Trusted Brand Award in the mattress category. As they are “Tried, Tested and Trusted” for quality and comfort, the brand partners with lots of different hotels and health institutions like the PSSM and the Philippine Orthopedic Association to promote better sleep across the Philippines, helping elevate sleep standards in the tourism sector.

What makes your sleep truly worldclass on a hotel bed equipped with a Uratex mattress is the combination of individual pocket springs and expertly layered different foam grades, crafted using state-of-the-art technology that meets global standards. This precision in design and comfort, along with customizable options, is why top hotels, resorts, and Filipinos around the world continue to trust Uratex as their go-to sleep solutions provider.

Rest is the real reward AS you plan your next escape, whether to the mountains, beaches, or hidden gems of the country, remember that the best way to truly enjoy the experience is to be well-rested. Because at the heart of every great journey is a night of good sleep.

So don’t just travel well, sleep well, too. Your next unforgettable moment starts the night before.

will be followed by a further rollout of ten additional facilities by 2026, significantly increasing access to vital treatment for patients in underserved communities.

A crucial component of Mangulabnan’s vision also involves a substantial investment in healthcare professionals’ development. “We would like to reinforce our nurses through a series of trainings so that we can enhance their capabilities in providing quality services,” she added.

Rocket Equities, a Southeast Asiafocused M&A advisory firm, served as the exclusive financial advisor for Nephro Plus Consultancy Inc. in this transaction, contributing significantly to the successful establishment of the partnership poised to expand renal care access in the Philippines.

PHILIPPINE PRIDE: CAPITOL MEDICAL CENTER HONORED AT HEALTHCARE ASIA AWARDS

CAPITOL Medical Center (CMC) proudly announced its recognition at the prestigious Healthcare Asia Awards, where it received the “Public Health Care Initiative of the Year” award. This accolade, presented annually by “Healthcare Asia Magazine,” honors hospitals, clinics, and healthcare organizations across the region that have made exceptional contributions to improving public health. The event was held at the Renaissance Hotel, Kuala Lumpur, Malaysia, on April 10, 2025.

Capitol Medical Center’s Department of Pediatrics’ partnership with neighboring Barangay Paligsahan to create a comprehensive, communitybased healthcare program caught the attention of the Healthcare Asia Awards panelists.

The project is a holistic initiative that not only focuses on nurturing children but also on supporting the entire community. It includes providing health education for families, conducting lectures for expectant mothers, offering guidance to young adults, and delivering care for children and infants.

Since 2011, the CMC Department of Pediatrics has been addressing the root causes of child mortality, malnutrition, and poor well-being in children aged zero to five years. After years of thorough assessment, the team successfully guided the community towards a more sustainable way of living, ensuring

children receive the proper care and attention they need, from community health workers and society at large. To sustain their vision of identifying children with special needs and supporting families in accessing healthcare services, the department developed a training module for Barangay Health Workers (BHWs) and health volunteers. This module focuses on primary healthcare for children aged zero to five and is based on resources from the Technical Education and Skills Development Authority (TESDA), the Department of Health (DOH), and the World Health Organization’s Integrated Management of Childhood Illness (IMCI) and Community-Based IMCI manuals. Continuing this vital initiative, the CMC Department of Pediatrics has now extended the program to another Quezon City partner, Barangay Sto. Domingo. The aim remains the same: to strengthen the Universal Healthcare Program by engaging not only health professionals but also community volunteers. By empowering barangay health workers, the program fosters a collaborative approach to building a healthier society. The recognition of CMC by the Healthcare Asia Awards is a testament to its unwavering dedication to providing quality healthcare for all. Capitol Medical Center’s commitment to delivering the Right Care, Right Here continues to burn brightly.

MedEthix receives accolades at Healthcare Asia Pharma Awards for Endometriosis Women’s Health Masterclass

PHILIPPINE-BASED pharmaceutical company MedEthix Incorporated was recently recognized at the Healthcare Asia Pharma awards for its “MedEthix Endometriosis Masterclass (MEM),” a continuing medical education program that aims to help address a condition that has caused significant suffering for many women in the country.

The MedEthix Endometriosis Masterclass received two accolades, the Most Differentiated Service of the Year and Hospital Partnership of the Year, at the Healthcare Asia Pharma awards ceremony in Kuala Lumpur, Malaysia.

Now in its third year of delivering value to sonologists, the MEM continues to be a pioneering Continuing Medical Education (CME) program by MedEthix, in partnership with the Rizal Medical Center’s (RMC) Department of Obstetrics and Gynecology, Section of Ultrasound in Obstetrics and Gynecology. Compared to other CME programs, the MEM incorporates actual patients into the learning experience, providing hands-on, realworld training.

porated is a Philippine-based pharmaceutical importation and distribution firm whose mission is to contribute to the nation’s goal of attaining universal healthcare by providing Filipinos better access to affordable healthcare products and more humane solutions— to heal always and in all ways. MedEthix spearheaded the MEM alongside Dr. Nelinda Catherine P. Pangilinan, a renowned sonologist, to help Filipinos in this plight. The program aims to train sonologists through didactics on the management and diagnosis of endometriosis, capped by actual patient diagnosis and outpatient management. The training also integrates real patient cases, ensuring participants gain practical insights beyond textbooks and journals.

By Vincent Peter Rivera

F OR the third consecutive year, denture care brand Polident Philippines hosted its community outreach advocacy “Oplan Balik-Ngiti” with the purpose of restoring the confident smiles of denture wearers.

During the event at the Market! Market! Activity Center, Taguig City on April 11, 2025, Polident has serviced more than 2,000 Filipinos by offering free dental consultations and denture care education.

Lia Magno, Brand Manager of Polident Philippines, shared that the community outreach advocacy aims to address the current situation of denture care in the country, stating, “Only 11 percent of the Filipinos are denture wearers due to financial constraints, leaving many with no choice but to prioritize basic necessities over getting dentures.”

A recent study commissioned by Poli -

dent reinforced this, revealing that nearly three-quarters (72 percent) of employers admitted that missing teeth could negatively influence their hiring choices, potentially trapping individuals with dental issues in a cycle of financial hardship.

“Today, Polident aims to bring back the smiles of Filipinos one denture at a time,” said Veron Mathay, Marketing Lead of Haleon Philippines, the company behind Polident, strengthening their mission to bring better everyday health to every Filipino, especially by making denture care more realizable.

Entertaining, informative community engagement

DR. Aimee Yang-Co, an oral health expert and guest speaker, provided an insightful dental care discussion covering the significance of oral health to overall well-being, the truth about dentures, and effective oral hygiene methods.

Following the educational session, attendees had access to a dedicated dental consultation area. The dental care hub, led by Philippine Association of Registered Dental Technologists (PARDTI) and Philippine Dental Association (PDA) Taguig Chapter health professionals, offered an opportunity for individuals to receive personalized advice and address their specific questions regarding dentures and other oral health concerns.

Polident further supported the event with interactive booths, including the “Insta Clean Station,” which demonstrated proper denture attachment and cleaning techniques using their product line. Another station, the “Dikit Kapit Test,” highlighted the strength and long-lasting hold of Polident denture adhesives.

Enduring advocacy of denture care

POLIDENT Philippines, together with PDA,

PARDTI, and its trade partners from drugstore retailers, have been working together to bring out the, “Ngiting Postiso Confident” throughout the country.

Since its inception, Oplan Balik-Ngiti has already touched 2,000 lives and has given out free denture kits across different places.

“This 2025, we are bringing back even more smiles, 3,600 smiles to be exact, across the country, supported with even more denture kits and more cities,” Magno mentioned. Polident will also expand its project through caravans and in-clinic executions by actively engaging with all 36 PDA chapters nationwide, with a specific focus on previously unreached areas.

To formalize their collaborative efforts, a commitment ceremony of the sealing of partnership among the representatives of Polident Philippines, PDA, PARDTI, and drugstore partners marked the formal alliance for Oplan Balik-Ngiti 3.0. This joint pledge aims to significantly improve denture accessibility and education for Filipinos throughout the country.

“We’re truly honored to be recognized by Healthcare Asia. Since launching MedEthix’s Women’s Health division in 2015, we have remained steadfast in improving reproductive health for Filipino women, especially for underserved conditions like endometriosis. This really fueled our commitment to create a program for better endometriosis treatment that would help both the medical community and patients alike,” shared Monaliza Salian, President and CEO of MedEthix Inc.

Impact on quality of life

ENDOMETRIOSIS significantly impacts quality of life, primarily through chronic pelvic pain and infertility. Alarmingly, according to published literature, proper diagnosis takes an average of 6.5 years, mainly due to misconceptions that chronic pelvic pain is just normal dysmenorrhea. Many patients seek help only when pain becomes severe or infertility becomes a concern. In the Philippines, while obstetrician-sonologists see a sizable number of obstetrics patients, they have lesser exposure when it comes to diagnosing and managing complex gynecologic conditions such as endometriosis.

Established by Monaliza Salian and Vasant Salian in 2009 along with a partnership with Ayala Healthcare Holdings in 2019 under the S alian Group of Companies, MedEthix Incor-

Esteemed consultants THE program’s faculty is composed of esteemed consultants from the RMC Department of Obstetrics and Gynecology and its Section of Ultrasound in Obstetrics and Gynecology. Under the leadership of Dr. Pangilinan, the current chair of the Ultrasound Committee of the Asia and Oceania Federation of Obstetrics and Gynecology (AOFOG), and supported by two other former presidents of the Philippine Society for Ultrasound in Obstetrics and Gynecology (PSUOG), the section is highly regarded as one of the most respected in the Philippines. Held twice a year, MedEthix offers an intensive two-day CME program. Sixteen doctors and 16 patients are selected for each session, combining hands-on training with real-time diagnosis and treatment. Delegates are strategically chosen nationwide, focusing on underserved areas where medical services are most needed. By incorporating actual patient cases, the MEM brings learning to life, going beyond theoretical knowledge on the disease.

The MEM continues to expand its reach, providing early diagnosis and treatment for more patients. MedEthix envisions covering the entire PSUOG membership, which currently stands at over 600 members, to ensure improved quality of life for endometriosis patients nationwide. Through this innovative and meaningful program by MedEthix, Filipino endometriosis patients are one step closer to achieving wellness and fulfilling their full potential. To learn more about MedEthix, please visit https://www.medethix.com.ph/.

& photos by

The writer trying out the Uratex mattress.

Health&Fitness

Pfizer reaffirms commitment to healthcare innovation on its 70th year in the Philippines

By Alisa Docena

HARMACEUTICAL and bio -

Ptechnology company Pfizer marks 70 years of dedication to its mission of advancing patient health in the Philippines, coinciding with its 175th-year global milestone.

Pfizer entered the Philippines in 1954 with only nine employees to import and distribute Pfizer products. In just four years, its workforce grew to 159, and soon enough, emerged as one of the top and most innovative players in the local health-care sector, significantly helping to the introduction of pioneering treatments and addressing the nation’s most critical health challenges.

“Over the past 70 years, we have introduced numerous breakthrough treatments that have significantly enhanced the quality of life for many Filipinos. One of the highlights of our stay in the Philippines is our active role in addressing public health challenges, such as infectious diseases and noncommunicable diseases, through our comprehensive health-care solutions and community outreach programs,” said Dr. Tadeo Dennis V. Dioko, Customer Facing Commercial Lead, Pfizer Philippines.

Commitment to Addressing Healthcare Challenges in the Philippines

PFIZER is continuously addressing some of the country’s most urgent health concerns, including the growing prevalence of chronic diseases and the escalating threat of antimicrobial resistance (AMR) and thrombosis—

Leksell

health issues that the industry needs to address urgently.

According to Dr. Dioko, the pharmaceutical company is dedicated to antimicrobial stewardship and works with health-care professionals to support the appropriate use of antibiotics and the development of new treatments to combat resistant pathogens. Meanwhile, to help address thrombosis, Pfizer introduced cutting-edge therapies that help manage and prevent blood clots and enhance patient outcomes. Further reflecting its dedication to science and health care, Pfizer Philippines developed the Patient Access Program, an initiative that bolsters access to Pfizer products and services. Under this is the Inspire Patient Assistance Program, which addresses the needs of cancer patients with oncology medicines. Since its inception in 2020, more than 1,000 patients have benefited from the program.

In addition, Pfizer’s Apixaban Anti-Coagulation Adherence Program is a digital program that offers access to healthcare support and educational materials that educate patients about their illness throughout treatment. Recognizing the role of vaccines in protecting Filipino families against diseases, Pfizer also created the Patient Access Program to allow parents and other adult relatives to be vaccinated with their children.

A Legacy of Innovation in Philippine, Global Health care PFIZER Philippines had a multitude of other contributions and successes in Philippine health care throughout its seven-decade run. Most notable

Gamma Knife

among them is its role in the fight against the Covid-19 pandemic, the health crisis that laid the Philippines and the rest of the world to a halt. In record time, Pfizer, in collaboration with BioNtech, quickly leveraged its resources towards vaccine development and distribution.

“Despite not knowing how big the pandemic would be, we at Pfizer, especially those at the manufacturing sites, knew there was no time for debate. We have continued to find ways to scale up our manufacturing capabilities to increase global vaccine supply. This includes but isn’t limited to expanding our global network to include 11 of Pfizer-owned and contractor sites, reducing the production time for a batch from 110 to 60 days,” said Deborah Seifert, Pfizer Cluster Lead for Malaysia, Indonesia, Singapore, and Philippines.

As of March 2024, Pfizer has delivered over 4.8 billion doses of its Covid-19 vaccine across 183 territories and countries.

Pfizer actively contributed to the country’s Covid-19 immunization effort by collaborating with local stakeholders and the Department of Health. “Our efforts included public information campaigns to educate the population about the importance of vaccination and partnerships with key hospitals and government bodies to enhance health-care capabilities,” said Dr. Dioko.

Looking Ahead

PFIZER remains committed to helping advance the country’s public health goals, such as Universal Health Care

The Golden Knight for Troubled Brains

WHAT happens if, one day, you find out there’s something in your or your loved one’s brain?

Fret not for there is in modern science’s beck and call the Golden Knight in Shining Armor, also known as the Gamma Knife, that can respond in a snap to tackle troubled brains and restore our peace of mind.

Yes, the Leksell Gamma Knife Center has been here and around since 1998 as a component of the Brain and Spine Institute of Cardinal Santos Medical Center (CSMC). It has saved thousands of patients on both money and lives who might have otherwise opted for the more expensive and riskier open brain surgery.

”Gamma Knife Radiosurgery is a non-invasive technique where doses of radiation are precisely delivered to targets in an affected part of the brain without damaging the surrounding normal tissue. It doesn’t involve a scalpel so patient is free from incision,” said Dr. Theodor S. Vesagas, Chairman of the Institute and Clinical Director of the Philippine Gamma Knife Center.

Dr. Vesagas explained that the “knife” actually refers to the machine’s

THE Medical Center (TMC)

South Luzon joined other leading healthcare facilities at the 2025 Philippine Hospital and Digitization Summit that was held in EDSA Shangri-La, Manila earlier this year.

A ccording to the event website, over 200 healthcare executives healthcare technology. This summit offered a unique platform to gain insights, foster collaboration, and explore fresh solutions shaping the future of healthcare in the Philippines.

It top billed distinguished healthcare and technology C-level executives and government leaders as speakers and panelists, including TMC South Luzon’s President and CEO, Dr. Cesar Ramon G. Espiritu.

knife-like precision where 192 narrowly focused beams of gamma radiation converge on a tumor or target.

“Outside of the target, brain tissue will not receive significant doses of radiation,” he added.

The Leksell Gamma Knife was invented by Prof. Lars Leksell, a Swedish neurosurgeon, specifically for, and to be exclusively used in, the brain. It is used to treat tumors both benign (such as meningiomas and vestibular schwannomas) and malignant (such as brain metastases). It can also be

used to treat vascular conditions like arterio-venous malformations (AVMs), tangles of vessels that form abnormal connections between arteries and veins of the brain. Likewise, it is successful in the management of trigeminal neuralgia, a neurological condition that causes excruciating electric shock-like pain on one side of the face.

“Then until now, Gamma Knife Radiosurgery remains widely recognized as the gold standard technique of stereotactic radiosurgery,” noted

and reinforcing economic resilience. Dr. Dioko shared that among its primary objectives are to bring new and innovative health-care solutions across different therapeutic areas and increase patient access to the most advanced and effective treatments available to them.

“Pfizer Philippines is dedicated to advancing health care and building a robust middle-income nation by delivering innovative medicines and offering pioneering treatments and future-ready solutions,” said Seifert.

Pfizer is set to introduce new programs to boost healthcare access and affordability. Through timely partnerships with government entities, private institutions, and civil society groups, the pharmaceutical company is committed to bringing high-quality healthcare within easier reach of Filipinos.

“The Philippines, with its vibrant and dynamic population, stands as a key growth driver in the region. With a remarkable 70-year history, it boasts the longest-standing presence in Asia. Over the decades, the Philippines has firmly established itself as a highly trusted healthcare partner,” said Seifert.

As Pfizer marks this significant milestone, it remains steadfast in its mission to enhance patient care, drive medical innovation, and support a healthier, more resilient Philippine health care.

Alisa Docena is a PR writer specializing in brand storytelling and content strategy. She is lover of movies, books, crafts, cooking, and finding magic in life’s small moments.

Dr. Vesagas.

Gamma Knife procedure is a fourstep process. The first step involves attaching a frame to the head of the patient under local anesthesia, to keep the head stable. An imaging procedure, usually an MRI or a CT scan, or, in some cases, an angiogram is performed.

The images produced help the Gamma Knife team plan out the treatment, and program the machine. Afterwards, the patient will be moved to the robotic patient treatment couch, and the treatment program will commence. Depending on factors such as the size, shape or location of the tumor or the type of condition, the treatment will usually take under an hour.

“It’s safe, painless, and non-invasive,” stressed Dr. Vesagas. “We generally deliver our treatments in only a single session. While open brain surgery may need weeks to months to convalesce and recover, patients of Gamma Knife Stereotactic Radiosurgery usually go home right after the procedure, return to work after a few days, and retrieve their good-old lifestyle back. More than that, we are proud to have a long track of very good clinical outcome.”

The Philippine Gamma Knife Center at CSMC remains the only facility of its kind in the Philippines. Patients may inquire about the Gamma Knife radiosurgery at 8725-9254 or (0920) 9469568, or send an email at info@ gammaknife.com.ph.

Perpetual

Center-Las

PERPETUAL Help Medical Center - Las Piñas won the Health and Wellness Initiative of the Year-Philippines category in the prestigious Healthcare Asia Awards 2025 for its CARE Program, which has provided a holistic approach to psychosocial support for hospital employees and patients. It is the first award that the hospital has received from an international body.

CARE stands for Compassion, Appreciation, Recognition, and Expression, which are also the values that guide the hospital in fostering a supportive environment for all.

Coinciding with the establishment of the hospital’s Mind Care Center in 2022, the program highlights Perpetual Help Medical Center’s commitment to addressing gaps in mental healthcare by providing consultation, assessment, psychotherapy, counselling, research, internship supervision, and training programs.

The Mind Care Center is a one-of-akind center that offers it services not only to patients but also to personnel of Perpetual Help Medical Center – Las Piñas. It is headed by Prof. Mariflor “Yeng” J. Gatchalian, Rpsy, CSAP. Amongst the program’s key initiatives is the Psychological First Aid (PFA), which follows the principles of Look, Listen, and Link. Trained psychology interns conduct “kamustahan” sessions in the DALTA JONELTA Foundation, Inc. Ward, offering psychosocial support by recognizing distress, listening actively, and connecting individuals to appropriate services.

PHMC-LP has also initiated introductory PFA training for department heads, equipping them with foundational mental health awareness and support skills. Further training sessions are planned to strengthen this knowledge and ensure a continuous, department-level support system.

Beyond patient care, the center also promotes mental well-being through hospital-wide programs such as lectures, film screenings, art stations,

Green technologies DURING the panel discussion of the 2025 Philippine Hospital and Digitization Summit titled “How can green technologies redefine hospital construction and sustainability in healthcare?,” when asked about the initiatives of TMC South Luzon on green technology hospital construction and design, Dr. Espiritu shared, “We consider the impact of our facility on the environment. Our goal is to limit greenhouse gas emissions and to leave a smaller carbon footprint. Among the different concerns that are of priority, energy, and water conservation are readily addressed. The management of waste and harmful chemicals needs further improvement.”

The occasion provided TMC South Luzon the platform to showcase its being a consistent ESG awards recipient of Healthcare Asia Magazine Awards and ESG Business Awards for the past two years. As a premier hospital facility in the South Luzon engaging the community in its preventive health and wellness programs and corporate social responsibility efforts, TMC South Luzon added environmental sustainability among its initiatives. As a parting word, Dr. Espiritu said “The principles in keeping green technology are already there. Everyone just needs to invest in trying to improve our efficiency and be environmentally friendly. We need to educate and partner with all our stakeholders

mindfulness exercises, freedom walls, origami activities, and free counselling for employees, amongst others. This harbors gratitude and community support, and promotes inclusivity, ensuring that all individuals, regardless of background, have access to mental health resources. Through these efforts, PHMC-LP emphasizes the humanitarian side of psychology. Simple yet meaningful activities, such as “kamustahan” sessions, reflection, gratitude, and creative expression, demonstrate how small gestures can provide significant emotional relief.

“These programs uphold the hospital’s mission of ‘Dedicated to Life,’ integrating emotional well-being into holistic healthcare whilst promoting inclusivity and mental health awareness to save lives,” the hospital said. Healthcare Asia Awards honors exceptional hospitals across the region that have redefined the standards of excellence in the industry through their innovative solutions and substantial contributions to communities.

The rarity that is Sarcoma cancer and why it’s difficult to diagnose

NOT much is known about this difficult disease sarcoma cancer because it is easy to ignore the small lumps in the beginning until the lump(s) grows and pain becomes unbearable which a Filipino patient, in interviews, likened to “being knifed or stabbed repeatedly.”

The top three causes of death in the Philippines from January to August 2024 were ischemic heart diseases, neoplasms (or cancer), and cerebrovascular diseases. The Philippine Statistics Authority (PSA) reported that neoplasms or cancer were the second leading cause of death in the country from January to April 2024.

Although much has been written about the leading cause of cancer death which is lung cancer in the Philippines, information on sarcoma incidence and mortality remains scarce in the Asia-Pacific region, especially in the Philippines. Filipino doctors call it “grupo ng mga bukol” (lump/mass) and there are more than 100 different subtypes. An oncologist from the University of Santo Tomas Hospital described it as a rare type of cancer that affects the bones and soft tissue (or connective tissue cancer), making it difficult to diagnose.

The disease is complex and diverse and can affect any part of the body like the bones (buto), fat (taba), skin / flesh (laman), blood vessels, tendon,  ligaments, veins (ugat), lining of the intestine, spindle cell (in between muscles).

According to Parkway Cancer Centre, there are four things to know about sarcoma:

n Sarcoma is one of the rarest forms of cancer. Most sarcoma subtypes do not have a known cause.

n Rare subtypes of sarcomas have an incidence of 1 per 1,000,000 of the population.’

n Currently sarcoma makes up only one percent of adult cancer diagnoses and approximately 15 percent of childhood cancer diagnoses in the US.

The signs and symptoms of sarcoma usually depend on its subtype and site of occurrence:

Soft tissue sarcoma

n Painless lumps and bumps

n Persistent abdominal pain

n Black stool or blood in stool or vomit

n Skin lesions

n Persistent swelling

Bone sarcoma

n Persistent pain in the bones, especially at night

n Bone swelling

n Bone fractures from minimal or no trauma

n Lump with pain and swelling in later stages

n Restricted mobility

n Sensation of numbness, tingling or weakness (in the case of spine cancer

As sarcoma is rare and heterogeneous, it is difficult to treat. Sarcoma does not discriminate and can affect individuals from young children to the elderly. Different age groups are susceptible to different types of sarcoma. Generally, treatment will take into account the subtype, the location, grade and size of the tumor, and the patient’s age and health.

Parkway Cancer Centre emphasized the importance of early detection for timely intervention and improved outcomes.

It is advisable to see a doctor if you notice a painless lump on your body because it could be a form of sarcoma. Lumps can grow very big, more than 5 cm. Bone sarcoma, on the other hand, can cause pain as the bones may fracture.

Given the diversity of sarcoma subtypes, treatment strategies vary greatly and may include chemotherapy, radiation therapy, immunotherapy and surgery.

Patients seeking early diagnosis and treatment can be assured of better treatment outcomes.

n There are several risk factors like age, genetics, exposure to radiation, lifestyle and environmental factors.

MA. Cristina M. Consing, Perpetual Help Medical Center–Las Piñas Hospital Director, and Rosalie C. Operaña, Perpetual Help Medical Center–Las Piñas Sales and Marketing Head, were on hand to receive the Healthcare Asia Award during the awarding ceremonies in Kuala Lumpur, Malaysia.

IN the photo are, from left, CSMC’s Chairman of the Brain and Spine Institute and Clinical Director of the Philippine Gamma Knife Center Dr. Theodor Vesagas, neurosurgeon Dr. Levi M. Maliwat, and medical physicist Eliseo de la Cruz setting up a patient for Gamma Knife Radiosurgery.

THE Medical City South Luzon President and CEO Dr. Cesar Ramon G. Espiritu