BusinessMirror August 27 2025

ON GLOBAL SPILLOVER

By Cai U. Ordinario @caiordinario

economy’s growth is expected to remain lackluster in the second semester on the back of spillover effects from the slowdown of the global economy.

BMI, a Fitch Solutions Company, said the economy’s growth is expected to average 5.4 percent this year. This is below the 5.5 percent to 6.5 percent target of the national government.

With Trump’s tariffs in full swing in the second half of the year, BMI expects global economic conditions to deteriorate and impact the country’s ability to attract more investment as well as impact private consumption.

“We have not revised our growth forecast upwards for two main reasons. First, global economic conditions will deteriorate in H2 [second half]. By then, US tariffs will be fully in force and the knock-on effects on global trade will become more apparent,” BMI said.

“Second, the Philippines remains a largely domestically driven economy. While interest rates have eased considerably from their peak, erratic US trade policies will weigh on global investor sentiment and limit foreign direct investment inflows,” it also said.

BMI said the resilience of the Chinese economy is not expected

to last. This means GDP growth is expected to slow to around 4.3 percent in the second half of the year. It can be noted that China is one of the country’s top import sources as well as export markets.

Based on the data in June 2025, China was the country’s top import source, cornering 28.2 percent of total import receipts and 10.5 percent of total export earnings.

Meanwhile, BMI said the country’s investment prospects are grim in the near term due to high tariffs. The United States slapped a 19-percent tariff rate on Philippine exports to the American market.

BMI also said household spending is slowing if the slowdown in imports would be used as proxy for private consumption. Consumer surveys also confirm lower confidence from households.

“Household consumption is showing similar weakness. Import volumes—a reliable proxy for private spending—continue to contract sharply and recent con-

DEVELOPING economies like the Philippines are often faced with the steepest trade barriers when it comes to importing clean technologies, according to the Asian Development Bank (ADB). In its latest Key Indicators for Asia and the Pacific 2025, ADB said that in 2022, the average tariffs imposed on a subset of green products were only at 1.4 percent in high-income countries compared to 7.3 percent in low-income countries. The Manila-based multilateral development bank recommend-

ed that trade facilitation efforts should be pursued to support the use of green technologies, especially in developing economies.

“Regional trade agreements focusing on the facilitation of these technologies, such as the revival of the Environmental Goods Agreement, and digital green technology marketplaces, could further widen the channels through which these products move,” ADB said. The ADB noted that in July 2014, select members of the

By Andrea E. San Juan @andreasanjuan

NINE business groups are now keeping an eye on the development of the implementing rules and regulations of the Konektadong Pinoy Bill, hoping that this set of rules will enable Philippine businesses to innovate and scale globally.

“The Joint Foreign Chambers [JFC], EU-Asean Business Council [EUABC], IT and Business Process Association of the Philippines [Ibpap], and US-Asean Business Council [USABC] laud the enactment of Konektadong Pinoy,” the business groups said in a statement on Tuesday.

The business groups said they

see this measure as a “landmark achievement that will significantly improve internet access, boost the Philippines’ economic competitiveness, and strengthen its digital ecosystem as Asean develops its regional Digital Economy Framework Agreement [DEFA].”

They underscored, however, that the law’s success will depend on the development of implementing rules and regulations that protect the “free and seamless” flow of data across borders.

“This approach will ensure that businesses are able to innovate and scale globally, allowing the Philippines to fully harness the digital economy’s potential,” the nine business groups said.

“We remain committed to sup -

porting the Philippines’s digital transformation and look forward to the full and immediate implementation of this law,” they also noted.

The JFC is a coalition of the American, Canadian, European, Japanese, and Korean chambers and Pamuri.

The EU-ABC is the voice for European business within the Asean region.

The Ibpap is the industry association and advocacy group of the country’s IT and Business Process Management (IT-BPM) sector.

The US-ABC, meanwhile, represents over 180 US companies, including many of the world’s largest global firms, with a “significant” number of them having “substan-

tial” investments in a variety of sectors.

On Sunday, Malacañang said the Konektadong Pinoy Bill, which is expected to make internet services cheaper but is widely opposed by the big telecommunication (telco) firms, had lapsed into law. The law, which is part of the priority legislative measures of the Marcos administration, aims to simplify the entry of service providers into the market to make internet services cheaper for consumers. Among its salient features is it exempts transmission providers from securing congressional franchise and a Certificate of Public Convenience and Necessity.

DILG Secretary Juanito

Victor C. Remulla, and PLTGen. Jose Melencio C. Nartatez Jr. are seen at the Assumption of Command Ceremony on Tuesday, August 26, 2025 of the Philippine National Police.

Nartatez assumed office as OIC of the PNP, replacing General Nicolas Torre III. Story on A12, Second Front Page NONOY LACZA

It will also reduce the regulatory duties of the National Telecommunications Commissions (NTC), and remove the vetting for new telecommunication players. (See: https://businessmirror.com. ph/2025/08/25/konektadongpinoy-bill-has-lapsed-into-lawsays-palace/)

In a joint statement in June, 35 signatories representing business groups, foreign chambers, tech alliances, public sector organizations, and civil society said the passage of the bill “will democratize internet access, which could potentially be this administration’s greatest legacy.” (See: https://businessmirror.com.ph/2025/06/25/35groups-to-pbbm-sign-konektado-bill/)

However, those opposing the bill flagged serious risks to cyber security which they said would negate the supposed gains from democratizing access. Among others, they had opposed the gaps in entrance of new players, as well as what they deem an unduly long grace period for cybersecurity certification. The removal of congressional franchise, which they said would undermine regulatory authority.

DA wants private importers to share in rice stocking task

By Ada Pelonia @adapelonia

WHILErice importation should remain with the private sector, the Department of Agriculture (DA) wants them to share in the government’s buffer stocking responsibility.

Agriculture Secretary Francisco Tiu Laurel Jr. said private importers will now be required to share the responsibility of maintaining the country’s rice buffer stock.

This is part of the agency’s push to restore the National Food Authority’s (NFA) key regulatory powers through amendments to the Rice Tariffication Law (RTL).

similar to the Sugar Regulatory Administration’s (SRA) import program, where only qualified importers are given import allocations. Importers, in turn, should procure palay from local farmers at fair prices for buffer stocking. Currently, the NFA can only purchase around 5 percent of the national palay output due to limited warehousing and drying capacity, and is confined to stocking rice for emergency and disaster relief.

He noted that if needed, the agency’s attached corporations, such as Food Terminal, Inc. (FTI) and Planters Products Inc. (PPI), could import on behalf of the government. These are some of the agency’s proposed amendments, which also include integrating the NFA into the Enforcement Group under the Anti-Agricultural Economic Sabotage Act to act against rice-related violations.

sumer surveys suggest confidence has eroded further as trade tensions escalate,” BMI said.

On the upside, BMI said the 19-percent tariff imposed by the United States on Philippine goods is expected to reduce GDP growth by only 0.4 percentage points over the medium term.

This is significantly lower than BMI’s April estimate of a reduction of 1.4 percentage points from GDP growth.

these solutions accessible to all Filipinos by 2028.

“With the private sector partly doing the buffer stocking, sourcing from local rice farmers, it will also reduce the cost of buffer stocking for government.”

Under the proposed setup, rice imports will follow a controlled model

“They have to have skin in the game,” Laurel said. “If we aim to have a 20-day rice buffer stock, we’re thinking of a 50-50 split between the NFA and the private sector.”

“Our bold vision is 80 percent of adults with digital transactional accounts and 80 percent of retail transactions done digitally. This is more than a target. It’s a movement from access to impact 80 and 80 by 2028,”

Villanueva said. Villanueva said building technology for trust means upholding integrity. He said recent events such as the exit of the Philippines from the dirty money lists of the Paris-based Financial

Meanwhile, the DA chief also noted that the agency should have regulatory power over rice imports to prevent oversupply, which has led to depressed farmgate prices.

“We must regain control,” Laurel said. “Rice is a commodity imbued with too much public interest to leave entirely to the private sector.”

Action Task Force (FATF) as well as the European Union are not just about compliance. This, he said, is validation that the innovations in the country, including QR PH, open finance, and Projects Nexus and Aguila, are considered world class.

In April, Asian central banks incorporated Nexus Global Payments (NGP) to operationalize and manage the Nexus scheme for secure and instant cross-border payments. (See: https://businessmirror.com. ph/2025/04/03/asian-cbs-incorporate-nexus-global-payments/).

Project Agila aims to help the BSP and participating Financial Institutions explore and test the potential of Central Bank Digital Currencies (CBDCs), while evaluating if this technology can help improve the country’s largevalue payment system. (See: https://businessmirror.com. ph/2024/12/05/bsp-fis-complete-test-for-project-agilathe-central-banks-own-digital-currency/).

“From fighting financial crime at home to leading Asean innovations on the world stage. This is the Philippines shaping the future. But again, let us be clear, we are not passengers of the future. We are its pilots,” Villanueva said.

Based on the recent TransUnion

Another key reform is the establishment of a palay floor price, which ensures that farmers receive fair compensation and shield them from market price manipulation.

“The proposed changes aim to strike a balance between ensuring affordable rice for consumers and protecting the livelihoods of Filipino rice farmers,” the DA said.

survey, FinTech use in the Philippines is at 91 percent, with survey respondents saying they are using at least one digital financial product.

The most common FinTech products are electronic wallets, with 77 percent of respondents saying they use these products, followed by online banks at 51 percent of the respondents; and digital payment apps, 47 percent.

TransUnion said 35 percent of the general population reported an eWallet as their first financial product, surpassing bank accounts at only 30 percent.

This trend, TransUnion said, is evident among younger generations, with Gen Z or those born between 1997 and 2012 at 47 percent and Millennials—born 1981 to 1996—at 37 percent being more likely to start their financial journey with an eWallet.

Gen X and Baby Boomers favored bank accounts at 40 percent and 34 percent, respectively.

Gen X include Filipinos born between 1965 and 1980, while Baby Boomers are those born between 1946 to 1964.

In terms of credit perceptions, among the three population groups surveyed, FinTech users posted the highest CPI score in 2025 at 74, along with the highest level of general credit knowledge at 71 percent, outperforming both the general population and the unbanked.

there’s initiatives out there. It’s just how fast things move, which we don’t know, but we want to support that as much as we can.”

that building smart cities will remain out of reach unless local governments address fundamental urban issues such as traffic congestion, aging infrastructure and weak emergency response systems.

For the global elevator and escalator company Kone, which recently opened a training facility in Mandaluyong, progress varies across local governments but it underscored the importance of coordination.

“It’s a little bit different in different places,” said Kone Philippines managing director Petteri Kyrklund. “But there’s intent,

Kone Southeast Asia managing director Edward Loy added: “Where we see the success—the cities which have achieved a certain level of success—the collaboration between the private and the public sectors is very important.”

The DOST, for its part, is preparing to expand investments in technologies such as artificial intelligence, quantum computing and smart agriculture. Its budget will rise to P30.4 billion in 2026 from P28.46 billion this year. “In fact, we are thankful that [our budget] gets higher every year…and of course, our major programs would continue,”

Solidum said on the sidelines of the 18th Philippine National Health Research System in Legazpi City. Smart cities are urban areas that use data and digital innovation to enhance social, economic, and environmental sustainability, as defined by the International Organization for Standardization.

Meanwhile, in an online briefing on Tuesday, Standard & Poor’s Chief Economist Louis Kujis said emerging economies, including the Philippines, have seen steady growth in exports despite Trump’s tariffs. Kujis said this strength was also observed in industrial production growth. The country’s Purchasing Manager’s Index score improved to 50.9 in July from 50.7 in June. He said this was mainly due to frontloading, a practice of exporters in a bid to move their goods to the United States even before the August 1st deadline. But this is not sustainable.

“Significantly higher US tariffs than before January and increased uncertainty about them will weigh on growth,” Kujis said.

“Solid domestic demand should contain the slowdown to varying degrees, especially in economies less exposed to goods trade,” he added. Meanwhile, the slowdown in inflation is expected to be favorable for monetary easing across emerging market economies. Kujis said Central Banks in the region are expected to continue reducing policy rates. Given the monetary easing, Kujis said there is still no risk that currencies among emerging economies are already overvalued.

He said Asian currencies strengthened against the dollar because of a weak US dollar. With this, Asian exchange rates still remained cheap.

World Trade Organization (WTO) launched plurilateral negotiations to create the Environmental Goods Agreement. The aim of the agreement was to promote trade in environmental products such as wind turbines and solar panels.

“However, due to the lack of participation from developing economies and disputes over the definition of ‘environmental goods’, the initiative remains dormant as of 2025,” ADB said.

Apart from this, ADB recommended the inclusion of environmental outcomes in trade facilitation efforts.

This includes expediting customs procedures for green products or extending concessional export finance.

“[This] would greatly benefit technology transfer while systematically restricting carbon leakage,” ADB said.

Earlier, a Paris, France-based think-tank expressed belief that the current pace of growth of the market for electric vehicles could significantly increase, especially in emerging economies, on support from multilateral development banks (MDBs).

In its latest report, the International Transport Forum (ITF) said these financial institutions can help support the growth of electric medium- and heavy-duty vehicles (eHDVs) by extending concessional financing to emerging markets where high costs remains a barrier to accessing these vehicles.

The ITF also said governments and MDBs should work together to establish clear due diligence and transparency guidelines in terms of these concessional loans.

(See: https://businessmirror. com.ph/2025/08/25/multilateral-banks-key-to-ev-marketgrowth/). Cai U. Ordinario

Economy Marcos eyes PHL as fintech innovation hub

By Samuel P. Medenilla

R“I would like to thank the leaders, the thinkers, the innovators in this room for creating a future-ready, inclusive, and resilient Philippine financial technology sector,” Marcos said.

“Please continue your work. Make the Philippines a fintech innovation hub and a key voice in shaping the global financial

ECOGNIZING the potential of digital technology in uplifting the lives of Filipinos and the economy, President Marcos wants to make the country into a fintech (financial technology) innovation hub. Marcos called on the private sector during the Manila Tech Summit 2025 in Taguig City on Tuesday to continue their collaboration with the government to achieve the said target.

system,” he added.

Over 1,300 delegates from more than 300 organizations participated in the event organized by the FinTech Alliance.PH—the country’s largest digital industry association with over 130 member companies.

Marcos assured that his administration will continue to lay down the necessary infrastructure and policies to promote digital transactions.

The said initiatives, he said, includes the

National Fiber Backbone, which is expected to provide 17 million Filipinos faster and more reliable internet access once it is completed by 2028, and the Philippine Identification System, which will make it easier for fintech to verify the identity of its users.

The government is also facilitating the reskilling and upskilling of more Filipinos so they can use artificial intelligence, cybersecurity, e-commerce, and creative

design to help fill up the manpower needs of fintech.

It also continues to digitalize its operations services to improve its service delivery, efficiency, and transparency. Marcos said there are also new government policies like the An ti-Financial Account Summary Scamming Act, Internet Transactions Act and the Subscriber Identity Module Registration Act to clamp down on the misuse of digital technology to commit fraud and spread misinformation.

OVER FIVE DECADES OF HEALING AND HOPE

FOR fifty-eight years, ManilaMed has remained a trusted pillar of healing at the heart of Manila. Since its founding in 1967 as Medical Center Manila, the hospital has evolved into a distinguished center of medical excellence.

Recognized for its specialized services, upgraded facilities, and a culture of compassionate care where innovation, empathy, and faith in healing converge. Today, ManilaMed’s reach extends well beyond the capital, serving patients across Metro Manila and neighboring provinces, a testament to its enduring commitment to touch more lives with quality and compassionate healthcare. This year, ManilaMed celebrates its 58th anniversary with the theme “STORIES of Healing: Journeys of HOPE.” More than a commemoration of time, the theme reflects the real-life journeys of patients, families, and healthcare professionals whose lives have been closely connected with the institution. Every consultation, every procedure, every recovery story brings to life the hospital’s enduring promise: Only Our Best to Make you Feel Better.

Honoring the Heart of ManilaMed

This year’s anniversary celebration placed the spotlight on ManilaMed’s very own employees and doctors through activities designed to honor their invaluable contributions to the institution. Now on its ninth year, the announcement of the ManilaMed Ambassador served as a highlight, alongside the recognition of loyalty awardees who have dedicated between five and thirty-nine years of meaningful service. The festivities also featured a vibrant showcase of talents, from live performances to a photo contest, capped by the awarding of the Team-Building Balikatan Grand Champion. These celebrations underscored the hospital’s commitment to honoring not only excellence in service, but also the spirit of unity, camaraderie, and joy that bind its people together.

Honoring Superheroesthe

When we speak of Stories of Healing and Journeys of Hope, words alone will never be enough to capture the depth of gratitude they hold for their doctors.

Their compassion, resilience, and tireless service remind us that indeed, “not all heroes wear capes.” At ManilaMed, the doctors are the guardians of life, hope, and healing. That is why, in celebrating

ManilaMed’s anniversary, the doctors are never just participants, they are the very heart of the celebration. The week-long festivities reached their highlight with the unforgettable Doctor’s Night. Dressed in dazzling Gatsbyinspired outfits, ManilaMed’s medical family lit up the evening with spirited performances of song and dance. The night grew even more meaningful with the recognition of outstanding doctors from every department, made all the more vibrant with sumptuous food, great music, and an after-party filled with laughter, camaraderie, and cheer. A truly fitting tribute to the dedication,

brilliance, and unwavering heroism of ManilaMed’s doctors.

Extending Service

Beyond the Hospital Walls True to its mission of caring not only for patients but also for the wider community, ManilaMed marked its anniversary with a meaningful outreach. The hospital extended its compassionate commitment to its adopted institution, Asilo de San Vicente de Paul, to its extended family at Araullo High School, and to the Manila Police District, bringing hope, care and solidarity with valued partners in the community. These continuing expressions of compassion reflect ManilaMed’s

enduring dedication to healing, service, and community well-being.

Looking Ahead

As ManilaMed enters its 59th year, it remains steadfast in its calling: to be a beacon of healing and a partner in every Filipino’s journey to health. This year, the blessing of new services, most recent the Specialty Surgical Suites, stands as a testament to this enduring mission, expanding the hospital’s capacity to deliver advanced, compassionate, and accessible care to more and more Filipinos.

Guided by its Mission and Vision, the institution continues to merge science with empathy, always seeking to transform stories of illness into journeys of hope. For ManilaMed, each year is not just an anniversary, it is a renewed promise to carry forward its mission, one story of healing at a time. And as ManilaMed marks this milestone, they leave us with the inspiring words from the President, Dr. Eduardo S. Eseque: “ As we celebrate this milestone, may we be reminded that ManilaMed’s story is not only about the years we have counted, but about the countless lives we continue to touch and transform. Let us move forward with courage, compassion, and unity—ever committed to healing, ever inspired to serve, and ever hopeful for the brighter tomorrows we will build together.”

See “Marcos,” A4

Saving Kennon Road rockshed

By Marilou Guieb

WHILE headlines of major newspapers screamed of President Marcos’ frustration over a rockshed project in Camp 6 Tuba, Benguet, calling it useless, there may be another side to the story that can say not all those millions are lost to the river down below.

The project in the spotlight is a 152-meter tunnel rockshed built by 3K Rock Engineering which was started on January 10, 2023 and completed on April 23, 2025, only a few months before a major landslide on July 28 caused by the series of typhoons compromised its integrity due to the erosion of the cribwall of the road underneath approaching the tunnel partly under the tunnel itself.

On August 25, the President came to inspect the rockshed project and seeing the damaged portions where the road caved in under the concrete surface declared the whole P264 million project useless. “Parang tinapon mo ang pera sa ilog. Useless. To correct this, it will take double—that’s my top of my head estimate,” he said.

The President’s strong words brought Secretary Manuel Bonoan the very next day, August 26, to inspect the rockshed himself together with Department of Public Works and Highways—Cordillera Regional Director Khadaffy Tanggol. Bonoan reassured the integrity of the rockshed itself which he said withstood the impact of soil and boulders falling from some 300 meters above but noted the scouring of the slope protection beneath the road. He said the rockshed continues to serve its purpose of protecting motorists from landslides.

He is to give the President a report to clarify on what could be misconceptions and reassured that no money was wasted on the project.

Visibly, one can see a concrete slope protection wall running along the mountainside which stops about 60 meters before one end of the tunnel from where the President stood to assess the rockshed situation.

Earlier images show that at the height of the series of typhoons, a massive landslide ran down the path of the bare portion at the side of the tunnel which went right down the cliff side of the road burdening the same width of the slope protection downside and washing it down away to the riverbed below, causing the caving in of the road.

The naked portion of the road side slope already had steel bars which were washed away by a landslide and the program was restructured for a rockshed instead.

Arnold Dacwag, chief of the Planning and Design Division of the Department of Public Works and Highways - Cordillera (DPWH- CAR), said that the under road slope protection was existing way before the rockshed was conceptualized and was stable until the major July landslide occurred. “It was constructed in 2000 in our estimate so it had a life span of 15 years. But then again, due to the massive landslide, it was damaged affecting one end of the rockshed,” Dacwag explained.

It appears that the President had included the protective wall to be part of the P264 million project, but as Dacwag said, it was already in existence for 15 years.

Dacwag said there is an approximate 60 meters underroad cave-in and some 20 meters under the tunnel and to reconstruct the retaining wall and slope protection will cost about P100 million, in contrast to the P500 million estimate of the President

See “Kennon Road,” A6

PHL maritime defense in congressmen’s mind

IN the wake of an Octa Research survey showing that Filipinos overwhelmingly distrust China, see it as the greatest threat to the Philippines, and demand a firm defense of the country’s rights in the West Philippine Sea (WPS), lawmakers vowed to translate this public sentiment into concrete action.

They said Congress will work on measures ranging from strengthening maritime defense to bolstering alliances that safeguard Philippine sovereignty.

Deputy Speakers Paolo Ortega V and Jay Khonghun of Zambales, together with House Deputy Majority Leader Zia Alonto Adiong, described the survey results as a powerful call for unity and decisive leadership in defending national interests.

“The message is crystal clear: Filipinos do not trust China, and they want their leaders to defend the WPS. This is a mandate from the people, and we must meet it with courage, conviction, and unity,” Ortega, who represents La Union, said.

“History will judge us not by our words but by how we defended what is rightfully ours. We owe it to our heroes, our fishermen, and our children to stand firm,” he declared.

Octa’s latest Tugon ng Masa survey indicate that 85 percent of Filipinos distrust China, 74 percent consider it the country’s greatest threat, and 76 percent strongly support asserting the Philippines’ maritime entitlements.

Respondents pointed to Beijing’s aggressive actions in the WPS, the entry of smuggled goods, and crimes involving Chinese nationals as primary reasons for distrust.

Khonghun, whose province has long been at the frontline of Chinese incursions, said the survey captures the frustration of coastal communities.

Harassed in own waters

“OUR fishermen have been harassed in their own waters for too long. Now, the entire nation shares their anger. This is no longer a local issue—it is a national struggle for dignity and security,” Khonghun said.

“The Philippines is now echoing what the people of Zambales have been crying out for years: Enough is enough. Every inch of our waters must be defended,” he added.

For his part, Adiong, who represents Lanao del Sur, emphasized that the issue transcends religion, culture, and geography.

“The WPS is not negotiable, and we will never allow our sovereignty to be sold or surrendered,” he said.

“This survey is proof that our people are united. That unity is our greatest strength, and it should guide every decision we make as leaders of this nation,” he added.

The Octa survey showed that some 85 percent of Filipinos distrust China, while only 15 percent convey the opposite sentiment. The survey was conducted from July 12 to 17.

Octa noted that Filipinos’ distrust stems mainly from China’s aggressive actions in the West Philippine Sea (WPS).

Other reasons include the influx of smuggled products from China, the rise in crimes involving Chinese nationals, and job competition from Chinese workers.

The survey also showed that 74 percent of Filipinos view China as “greatest threat” to the Philippines, far higher than the 4 percent who picked Russia or North Korea.

WPS challenges

“FILIPINOS are well aware of the challenges being faced by the country in the West Philippine Sea [WPS],” Secretary of National Defense (SND) Gilberto Teodoro Jr. said on Tuesday.

House vows ‘full, transparent’ probe

AIMING to restore public trust, the House of Representatives on Tuesday vowed a full and transparent investigation into alleged corruption and irregularities in the government’s flood control program, assuring the public that there will be “no sacred cows, no witch hunt, and no whitewash.”

Lawmakers said that the investigation should focus on rebuilding public trust by uncovering and addressing instances of waste, negligence, and abuse.

“When human lives are at stake, there can be no excuses and no favoritism,” said Deputy Speaker Paolo Ortega. “Every peso we lose to corruption is a life left at risk when floods hit. This investigation is not about politics—it’s about justice.”

Through House Resolution 145, three committees—Public Accounts, Public Works and Highways, and Good Government and Public Accountability—have launched a joint inquiry into the Department of Public Works and Highways (DPWH) and its contractors over billions of pesos in flood control projects, many of which have been flagged as non-existent, defective, or grossly overpriced.

Initial findings show that more than P500 billion has been allocated since 2022, yet communities in Metro Manila and other regions remain underwater after every heavy rain. In

“The latest Octa Research survey is a strong indicator of the acceptance by our people of our efforts to resist attempts to undermine our strategic agency and upend the rulesbased international order,” Teodoro said. He said that this shows a growing public awareness of the realities facing our country in the WPS, and the unwavering resilience of Filipinos against China’s malign influence operations in the country.

“The sustained public support for the government’s approach further strengthens our resolve in defending our rights in the West Philippine Sea under international law and affirmed by the 2016 Arbitral Ruling,” Teodoro said.

He added that the DND remains committed to its mandate of protecting the Philippines’ territorial integrity, sovereignty, and sovereign rights.

As this developed, a ranking Navy (PN) officer said that a People’s Liberation Army Navy (PLAN) tugboat was monitored near Ayungin Shoal where the BRP Sierra Madre (LS-57) is standing watch.

The tugboat was spotted on Monday, along with two China Coast Guard ships and 13 militia vessels, the PN spokesperson for the WPS, Rear Adm. Roy Vincent Trinidad, said. Trinidad said that the presence of the PLAN tugboat near the shoal is “not a cause for alarm.”

He added the tugboat’s presence is “not also a reason for us to be prepared for them [Chinese] to tow away BRP Sierra Madre.”

One tugboat, he said, will not be enough to pull BRP Sierra Madre out of the shoal, about 124 nautical miles from Rizal, Palawan, or well within the country’s 200 nautical miles exclusive economic zone. Jovee Marie N. dela Cruz with Rex Anthony Naval

into flood-control mess

Malabon and Navotas, for instance, a floodgate reported as “completed” in 2024 remains broken and unrepaired to this day.

‘No witch hunt, no whitewash’

DEPUTY Speaker Jay Khonghun underscored that while the investigation will follow evidence and due process, it will not spare anyone proven guilty.

“This is not a witch hunt. But it’s not for show either,” said Khonghun. “Those who were entrusted with the people’s money—whether in government or the private sector—must explain. And if wrongdoing is proven, they must face consequences.”

Beyond accountability, lawmakers said the probe will lay the groundwork for reforms to safeguard infrastructure funds. Proposed measures include tighter procurement rules, improved project monitoring, and real-time transparency systems.

“It’s not enough for us to be angry every time flooding happens. We need to change the system so it doesn’t keep happening,” he said. “This is not just about punishing the guilty—it’s about protecting the innocent,” Ortega, who represents La Union, said.

“No one is sacred. No one is untouchable. If there are failures, there must be accountability,” Khonghun, who represents Zambales, added.

From NEP, not insertion IN a related development, Party-list Rep. Terry Ridon of Bicol Saro, co-chairman of the House Infrastructure Committee, clarified on Tuesday that the Reinforced Concrete Riverwall Project in Bulacan, which was recently inspected and described by President Marcos as a “ghost project,” was in fact an initiative that originated from the National Expenditure Program (NEP).

Ridon explained that the project was included in the 2025 NEP submitted by the Executive Branch and was subsequently approved under

CSC seeks restoration of ₧300 million fund for govt workers’ digital training

By Justine Xyrah Garcia

THE Civil Service Commission (CSC)

is urging Congress to restore the P300 million allocation for its digital training program, which was removed from the proposed national budget next year.

The CSC originally proposed a P6.588 billion budget but was only granted P4.818 billion.

During the Committee on Appropriations’ budget hearing on Tuesday, CSC Chairperson Marilyn Barua-Yap stressed that the agency’s highest priority is the restoration of funds for the rollout of the national digital leadership program.

“We need to enable our office heads to enter the stream of digitalization. That is why digitalization has not taken root in many of our offices because even many of our leaders in the field still see the computer as nothing more than a typewriter,” BaruaYap explained.

She noted that many regional personnel and officers in both national agencies and local governments still lack the skills to use computers and other digital tools that could make government processes more efficient.

Through the program, the CSC aims to train 50,000 civil servants nationwide in core areas such as digital leadership, datadriven decision-making, and customercentric innovation or design thinking.

The training is part of a broader effort to equip the bureaucracy with digital competencies needed to craft roadmaps,

improve human resource (HR) development, and manage organizational change.

“We have to reset the mindset of most of our government employees. I don’t think we can wait…we have no choice,” Barua-Yap said.

Based on the commission’s projections, the urgency is tied to workforce demographics.

The CSC chief also explained that the next wave of younger employees will replace retiring workers in four to five years, which means digital skills must be instilled before that generational shift takes place.

“We cannot afford to lose four to five years in the stream towards digitalization... We should be moving in step with our students, from elementary level up to college graduates,” Barua-Yap urged.

Earlier this year, the World Bank approved a $67.34 million loan for the “Philippine Civil Service Modernization Project,” which will support the establishment of a Human Resources Management Information System (HRMIS) and government payroll system.

Once completed, the HRMIS is expected to improve workforce analytics for planning, career development, succession planning, and training.

It will also establish a human resource certification system to standardize and raise the competence of HR management officers.

The CSC, Department of Budget and Management, and Department of Information and Communications Technology will jointly implement the project across 40 government agencies nationwide.

Dizon orders revocation of lawyer’s driver’s license

By Lorenz S. Marasigan @lorenzmarasigan

TRANSPORTATION Secretary Vince

Dizon on Tuesday ordered the lifetime revocation of the driver’s license of a lawyer who allegedly ran over a traffic enforcer in Kawit, Cavite, calling the act a blatant abuse of the law and a threat to public safety.

the 2025 General Appropriations Act (GAA).

The project was implemented by the Department of Public Works and Highways (DPWH) Bulacan First Engineering District, with Syms Construction Trading as the contractor.

“It is important for the public to know that this project was not a congressional insertion but part of the administration’s own infrastructure program,” Ridon said.

Still satisfied

DESPITE controversies surrounding some lawmakers, Senior Deputy Speaker David C. Suarez on Tuesday highlighted the latest WR Numero Research survey showing that nearly seven in 10 Filipinos, or 68 percent, remain satisfied with the performance of their congressional district representatives.

Suarez noted that the strong approval ratings reflect the essential role of constituency work in Philippine democracy.

“The role of a congressman goes beyond lawmaking inside the halls of Batasan. It is about being present in the lives of our constituents— listening to their needs, finding solutions to their daily struggles, and ensuring that government resources are delivered to the grassroots. That is the essence of representation,” Suarez stressed.

The Quezon lawmaker added that the relationship between citizens and their representatives is the foundation of effective nation-building.

The WR Numero survey, conducted from July 29 to August 6, 2025, found that 68 percent of Filipinos are satisfied with their district representatives, while only 7 percent expressed dissatisfaction. Another 7 percent said they did not know their representative.

According to Suarez, the House under Speaker Romualdez will continue to prioritize legislation that directly benefits ordinary Filipinos, including measures to lower food prices and improve access to quality education and healthcare.

which covered 67 countries.

Among the reasons, which were cited by the IMD for the drop in the country’s ranking in terms of knowledge and technology were its reduction in its talent and scientific concentration as well as regulatory frameworks, respectively.

He confirmed that the Land Transportation Office (LTO) had already suspended the lawyer’s license and issued a Show Cause Order before recommending perpetual revocation.

Dizon said he approved the order as part of the government’s crackdown on abusive motorists.

“Kapaghindikayosumunod,kayangkaya ng LTO na tanggalin ang license ninyo, either temporary o perpetually,” Dizon said in a media briefing. “Itong driver na ito, na nagmamalaki pa raw na abogado...ginagawaniya [enforcer] ang trabahoniyaparasafeangmgakababayan

sa kalye, practically sinagasaan pa siya.” The incident involved traffic enforcer Michael Trajico, who recounted that he was dragged for nearly 15 minutes on the hood of the vehicle after flagging down the lawyer for a traffic violation.

Dizon denounced the driver’s alleged arrogance in invoking her profession as a lawyer.

“Kung abogado ka, mananagasa ka ba ng enforcer? Since abogado ka, harapin mo ngayon itong mga parating sa iyo,” he said.

The transportation chief also announced plans to publicly disclose the names of motorists found guilty of grave traffic violations to deter others from endangering road users.

“Simple lang ang hinihingi ng gobyerno sa drivers: s umunod kayo sa batas ng kalye dahil pinoprotektahan natin ang safety ng mga tao,” he said. In the last six months, the LTO and DOTr have suspended more than 2,000 licenses and revoked 420 for serious violations.

Legislator: Davao del Sur’s oldest town up for cityhood

By Manuel T. Cayon @awimailbox

DAVAO CITY—The lone Congress representative of Davao del Sur said he will seek the elevation to cityhood of the province’s oldest town, Santa Cruz, the next town nearest Davao City. Davao del Sur Rep. John Tracy Cagas said this will be one of his priority legislative proposals in the 20th Congress which he said will mean bigger funding, better services, and more opportunities for every resident of Santa Cruz.

“As your Congressman, I believe it’s time we take the next big step for Santa Cruz,” he said.

He said Santa Cruz Mayor Jose Nelson Sala has thrown his support to his plan.

Cagas cited the economic status and potentials of Sta. Cruz as to the reason for its conversion into a city.

“Santa Cruz is not just the oldest town in Davao del Sur, it is also one of the most progressive. From agriculture to education, from eco-tourism to trade, our municipality has grown tremendously,” Cagas said. Santa Cruz is classified first class municipality and it is the location of some big industries such as the San Miguel Beer brewery, Franklin Baker coconut processing plant, Southern Concrete Industries cement plant and part of the 300-megawatt Therma South power plant.

“If other towns have made it, so can we. Because Santa Cruz is ready, not just

in spirit, but in substance,” Cagas added. Santa Cruz was founded in 1884 by Spanish authorities around 36 years after the founding of Nueva Vergara, now Davao City, in 1848. The town got its name from the cross that Spanish missionaries planted upon their failure to convert the natives in the area. But upon its founding, Spanish and other migrant settlers established plantations and ranches in the town. In 1949, two towns, Padada and Digos, were carved out from its original area. The town of Digos became the capital of Davao del Sur after the undivided Davao province was split into three provinces in 1967. Digos would become a city in 1998. Also last week, Cagas wrote the Department of Public Works and Highways to conduct a thorough inspection and inventory of all flood control projects in the province, from 2020 to 2025. “This includes projects listed in the ‘Sumbong Mo sa Pangulo’ website,” he said.

“The aim is to identify any issues, verify the proper use of funds, and, if needed, repair portions of these projects that are still under warranty but may have deteriorated over time,” he added.

“As your representative for the Lone District of Davao del Sur, I want to inform all Davsuranons that I am fully cooperating with the ongoing oversight initiated by the Office of the President regarding flood control projects in our province,” he said.

Pinoy wanderlust ‘double-edged

sword’ for local restaurant owners

By Andrea San Juan @andreasanjuan

THE stronger outbound travel seen among Filipinos is a “doubleedged sword” for local restaurant owners as these local brands have to keep up with the evolving taste of Filipino restaurant goers who get to travel abroad and try different cuisines, according to a local pizza chain owner.

“Right now, I can say it’s getting more difficult. Because Filipinos now can get outside of the country easier unlike before,” Pomodoro Pizza Co-founder Ram Morales II told the BusinessMirror in an interview as he explained the shift in the mindset of Filipino consumers, particularly the restaurant goers.

The local chef added: “Because before, it’s more expensive to travel outside the Philippines. Now, it’s the other way around. It’s more expensive to travel locally, pricewise. It’s cheaper to go to Hong Kong, Singapore or Japan.”

Since Filipinos can get outside the country more, Morales said it became a trend that people are more knowledgeable about the food now.

“Which is, for me, a double-edged sword. Because before, we were teaching people about the cuisine,” he also told this newspaper.

Morales explained that there’s “definitely” a change in the trend on how Filipino consumers think because they’re more knowledgeable now.

The other side of the coin is, the local chef noted: “We as restaurants or food brands, we have to remain competitive.”

He stressed the importance of listening to the constructive criticisms of customers “because we can’t just do whatever

we want,” adding, “Again, people have knowledge. So we are sort of forced to be world-class.”

The owner of the local pizza chain said this shift in the behavior of Filipino consumers has prompted local restaurants and brands to compete against the quality of international cuisines.

An earlier story published by the B usiness M irror said that some 1.72 million Filipinos traveled abroad in the first quarter of the year, exceeding the 1.65 million foreign tourists who arrived in the country in the same period.

Data from the Department of Tourism (DOT) showed the number of departing Filipino travelers from January to March 2025 was 6.83 percent more than the 1.61 million who traveled abroad in the same period in 2024.

The same data recorded double-digit increases, year-on-year, by Filipinos traveling to Vietnam, Thailand, Taiwan, and the United States.

Filipinos who visited Vietnam reached 71,767, up a staggering 97 percent from the same three-month period in 2024. Thailand saw a 33.84-percent jump to 102,455, while there were 23.82-percent more who visited Taiwan, and reached 132,007.

The United States received 75,901 Filipino travelers, an increase by 16.5 percent.

T he top 10 destinations of Filipino travelers in the first quarter of the year were Hong Kong at 228,193 (up 6.6 percent from the same period in 2024); followed by Japan at 205,728 (up 4.6 percent); Singapore; Taiwan; and Saudi Arabia. (See: https:// businessmirror.com.ph/2025/04/21/ vietnam-thailand-grow-in-popularityamong-pinoy-travelers-in-q1/)

Legislator eyes strict deepfakes rules

By Jovee Marie N. dela Cruz @joveemarie

ALAWMAKER has filed a measure that aims to curb the spread of artificial intelligence (AI)generated fraud by imposing stringent regulations on the use of deepfakes.

Parañaque Rep. Brian Raymund Yamsuan urged Congress to pass House Bill 3214 to protect Filipinos from AI-generated deepfakes that can be “weaponized” to deceive the public, destroy reputations, impersonate individuals, and even depict people in non-consensual sexual content.

“These cases involving the abuse of AI are alarming. We need to have a strong law

against deepfakes used to scam others, malign reputations, or spread fake news. If we do not act now, this technology may even be used to incite violence,” he said.

Recent cases have shown how AImanipulated content has been used in online scams, including fraudulent investment schemes featuring fabricated images of celebrities, business leaders, journalists, and even a sitting senator. Yamsuan cited one case involving a deepfake post imitating a news website that used AI-generated images of an investigative journalist to trick users into investing money.

Currently, the Philippines has laws on data privacy and anti-discrimination, but none that specifically regulate AI-generated

content—leaving the public vulnerable to such schemes.

Under HB 3214, or the proposed Deepfake Regulation Act, every Filipino shall have the inherent right to one’s own likeness, including one’s face, body, and voice, without need of prior registration for trademark or copyright protection.

“D eepfake” is defined under the bill “to refer to any form of media, such as images, videos, or audio files created using artificial intelligence to replicate realistic representations of a person, including one’s face, body, and voice.”

HB 3214 also protects any person whose likeness is used without his or her consent in a deepfake by giving him or her the right

Think tank to Congress: Recalibrate 4Ps

THE Institute for Risk and Strategic Studies on Tuesday urged Congress to recalibrate the Pantawid Pamilyang Pilipino Program (4Ps), the country’s flagship anti-poverty initiative, into a stronger, longterm engine for human development.

In a detailed submission to the Committee on Poverty Alleviation, chaired by former Deputy Speaker Gloria Arroyo, Institute for Risk and Strategic Studies Chairman Joey Sarte Salceda presented a unified framework to consolidate pending bills into a single substitute measure.

Salceda’s recommendations revolve around five major pillars, each supported by recent international and Philippine evidence.

First, he emphasized the indexed adequacy of grants, noting that benefits have already eroded by more than 20 percent since 2019.

Kennon

Road.

. .

Continued from A4

But then there is an urgency to the need to reconstruct the downside slope protection. This is why, Dacwag said, they are figuring out how to raise the required funding.

The rockshed is supposed to be a 248-meter tunnel to run the breadth of critical portions of the mountain. But the funds that came in 2022 in the amount of

He proposed a triennial recalibration of cash grants based on the Philippine Statistics Authority’s consumer price index, with oversight from the Philippine Institute for Development Studies (PIDS), and called for a gradual increase in health and nutrition grants to meet growing needs. Second, he highlighted the importance of a nutritionsensitive design, citing that one in three Filipino children still suffer from stunting.

He pushed for nutrition-specific grants such as food and rice subsidies and support for the First 1,000 Days program, aligned with the Kalusugan at Nutrisyon ng MagNanay Act, with monitoring tied to the Department of Health’s maternal and child tracking system.

Third, on dynamic targeting, he recommended annual validation of beneficiaries, integration of Listahanan,

P264 million was only good for 151 meters.

“The total estimate of the consultant who conducted the feasibility study and engineering details of the project was more or less about P450 million,” he said. They requested for an augmentation funding in 2023 which was not made available. He said that they then included rockshed funding in the regional budget proposal but only P100 million was given.

But the urgency of repairing the slope protection looms as with the continuous rains still in the weather forecast, the road

to request removal of the unauthorized content from the platform on which it is hosted. In turn, the platform should comply with the takedown request within 48 hours from the receipt of the validated complaint. Individuals or platforms found to have knowingly created, distributed, or refused to remove deepfakes face two to five years of imprisonment and fines ranging from P50,000 to P200,000. Online platforms that fail to comply with takedown requests will be fined P50,000 per day of non-compliance. According to the Cybercrime Investigation and Coordinating Center (CICC), a total of 10,004 cybercrime complaints were filed with its office in 2024, more than thrice the 3,317 complaints logged in 2023.

PhilSys, and the Community-Based Monitoring System, and triennial impact assessments by PIDS to minimize inclusion and exclusion errors.

Fourth, in terms of livelihood and graduation linkages, Salceda suggested replacing hard exits with incentives such as bonus grants for families completing Technical Education and Skills Development Authority (Tesda) training, while ensuring graduating households are systematically connected to enterprise programs of the Department of Agriculture and micro, small, and medium enterprise support from the Department of Trade and Industry.

Lastly, he pushed for shock-responsive flexibility, recognizing the country’s high disaster risks. He proposed rules that would allow temporary top-ups and waivers of compliance requirements during calamities, with advance protocols to be published by the National Advisory Council. Salceda emphasized the need for a structured three-tiered exit strategy: outcome-based graduation benchmarks, automatic referral to livelihood and skills programs, and transitional access to PhilHealth, microfinance, and digital wallets. These measures aim to prevent families from falling back into poverty. Salceda said that consolidating the pending bills is “a rare opportunity to restore the 4Ps as a time-bound, evidencebased investment that reduces poverty, malnutrition, and vulnerability.” He called on Congress to craft a substitute bill that institutionalizes these reforms, ensuring that the 4Ps remains not just a safety net but a genuine pathway to self-reliance.

can collapse anytime and make the rockshed truly unstable and damaged. And in this context, the President’s gloomy estimate of doubling the original P264 worth of the project just to repair it becomes a fair one. Otherwise, it truly becomes a useless project, as he said in his dismay.

Dacwag said the DPWH-CAR is now contemplating diverting theP100 million budget for the rockshed into reconstructing the washed away crinwall underneath the road and request for another funding for extending the rockshed further.

Marie N. dela Cruz

Jovee

Another option is to request from the National Disaster Risk Reduction Management Council through the calamity fund. But as experienced, this can take time so diverting the rockshed fund becomes more feasible to immediately restore the slope protection wall to save the road from collapsing. And Bonoan himself ordered the fasttracking of repairs after he receives a report from Tanggol on what is needed to be done.

See “Kennon Road,” A7

Editor: Angel R. Calso

The World

Wednesday, August 27, 2025

A7

Australia cuts diplomatic ties with Iran after accusations of antisemitic attacks

By Rod McGuirk The Associated Press

MELBOURNE,

Australia—

Australian Prime Minister

Anthony Albanese accused Iran of organizing two antisemitic attacks in Australia and said the country was cutting off diplomatic relations with Tehran in response on Tuesday.

The Australian Security Intelligence Organization concluded the Iranian government had directed arson attacks on the Lewis Continental Kitchen, a kosher food company, in Sydney in October last year and on the Adass Israel Synagogue in Melbourne in December last year, Albanese said. Iran’s government had no immediate reaction.

Australian intelligence says Iran was behind arson attacks THERE has been a steep rise in antisemitic incidents in Sydney and Melbourne since the Israel-Hamas war began in 2023.

“ASIO has now gathered enough credible intelligence to reach a deeply disturbing conclusion,” Albanese told reporters. “The Iranian government directed at least two of these attacks. Iran has sought to disguise its involvement but ASIO assesses it was behind the attacks.”

“These were extraordinary and dangerous acts of aggression orchestrated by a foreign

nation on Australian soil,” he said. “They were attempts to undermine social cohesion and sow discord in our community. It is totally unacceptable.”

Australia breaks off diplomatic relations and warns citizens in Iran SHORTLY before the announcement, the Australian government told Iran’s Ambassador to Australia Ahmad Sadeghi that he will be expelled. It also withdrew Australian diplomats posted in Iran to a third country, Albanese said. An alert to Australians in Iran noted the embassy’s closure and urged them to “strongly consider leaving as soon as possible, if it is safe to do so.”

“Foreigners in Iran, including Australians and dual Australian-Iranian nationals, are at a high risk of arbitrary detention or arrest,” the warning read.

Australia updated its warning to travelers to its highest level: “Do not travel” to Iran.

Iran has a long history of detaining Westerners or those with ties abroad to use as bargaining chips in negotiations.

Foreign Minister Penny Wong said that Canberra would keep some diplomatic lines open to Tehran to advance Australia’s interests. She added that it was the first time Australia has expelled an ambassador since World War II.

Albanese aims to declare Iran’s Revolutionary Guard a terrorist organization

ALBANESE said that Australia will legislate to list Iran’s Revolutionary Guard as a terrorist organization.

Iran’s paramilitary Revolutionary Guard has been accused of carrying out attacks abroad over the decades of its existence, though it broadly denies any involvement.

The Guard’s Quds, or Jerusalem, Force is its expeditionary arm and is accused by Western nations of using local militants and criminals in the past to target dissidents and Israelis abroad.

A spokesperson for the Executive Council of Australian Jewry welcomed the terrorist designation for the Revolutionary Guard, adding in a statement that the group was “outraged” that a foreign actor was behind the crimes.

“Foremost, these were attacks that deliberately targeted Jewish Australians, destroyed a sacred house of worship, caused millions of dollars of damage, and terrified our community,” the statement said.

Since the outbreak of the Israel-Hamas war, Israel has arrested several people on charges they had been paid or encouraged by Iran to carry out vandalism and monitor potential targets there.

The move against Iran came a week after Israeli Prime Minister Benjamin Netanyahu branded Albanese a “weak politician who

had betrayed Israel” by recognizing a Palestinian state.

Netanyahu’s extraordinary public rebuke on social media came after an Aug. 11 announcement by Albanese that his government’s recognition of a Palestinian state will be formalized at the United Nations General Assembly in September. The announcement was followed by tit-for-tat cancellations of visas for Australian and Israeli officials.

Australia says Iran helped escalate antisemitic incidents

NEITHER ASIO director-general Mike Burgess nor Albanese explained what evidence there was of Iranian involvement.

Burgess said no Iranian diplomats in Australia were involved.

“This was directed by the IRGC through a series of overseas cut-out facilitators to coordinators that found their way to tasking Australians,” Burgess said.

While antisemitic incidents increased in Australian after the Israel-Hamas war began on October 7 2023, Iran was responsible for a transition in October last year when the violence more directly targeted people, businesses and place of worship,” Burgess said.

“Iran started the first of those,” Burgess said.

Jon Gambrell in Dubai, United Arab Emirates, and Charlotte Graham McLay in Wellington, New Zealand contributed to this report.

Mariam Dagga, AP freelance journalist in Gaza, was killed by an Israeli strike

By Sam Mednick & Samy Magdy

The Associated Press

ARIAM DAGGA , a visual journalist

Mwho freelanced for The Associated Press and other news organizations and produced harrowing images of the war in Gaza, was killed Monday by an Israeli strike on a hospital. She was 33. Through photographs and video, Dagga captured the lives of ordinary Palestinians facing extraordinary challenges: families displaced from homes, people crowding around aid trucks, mourners attending funerals and doctors treating wounded or malnourished children.

During the war, Dagga regularly based herself at Nasser Hospital in Khan Younis. She was among 20 people, including five journalists, killed there Monday by Israeli strikes, according to health officials and news organizations.

“She worked under incredibly difficult circumstances to bring stories from Gaza to the world, particularly coverage of the war’s impact on children,” said Julie Pace, AP’s Executive Editor and Senior Vice President. “We are devastated by her death and urgently seeking more clarity on the strike.”

The Israel-Hamas war has been one of the deadliest conflicts for media workers, with at least 189 Palestinian journalists killed by Israeli fire in Gaza in the 22-month conflict, according to the Committee to Protect Journalists. Comparatively, 18 journalists have been killed so far in Russia’s war in Ukraine, according to the CPJ.

In an April interview with Eye on Palestine—a social media platform— Dagga appealed to the international community to protect journalists in Gaza and to help end the war. In a video message Sunday, one of her last social media posts, she warned that nowhere in Gaza was safe.

“Every place is dangerous, is hit by airstrikes ... In every home there is a story. In every home there is a detainee. In every home there is suffering.”

Born in Khan Younis, Dagga studied journalism and graduated from the Al-Aqsa University in Gaza. She began working as a journalist in 2015, and was among the few women visual journalists covering the war in Gaza.

She is survived by a 13-year-old son who moved at the start of the war to the

United Arab Emirates to live with his father.

When she wasn’t working, she was often on the phone with her son, who wanted to return to Khan Younis to be with her, she told colleagues. In her will, which Dagga had shared with a friend, she addressed her son directly: “Never forget me and remember that your mother did everything she could to make you happy, comfortable, and at ease.”

At her funeral Monday, relatives and colleagues caressed her cheeks through tears. Her body lay shrouded in white, a single red flower placed gently beside her face.

Before the war, she had given a kidney to her father, according to her sister, Nada Dagga.

Displaced from home, she was forced to move multiple times during the war, but

she never stopped working.

“She was always ready,” said AP reporter Sarah El Deeb, who is based in Beirut. “Dagga stayed close to Nasser hospital and was able to see through the cruelty of the war with the skills and patience to report on its cost to the people of Gaza, its doctors, children and mothers,” she said.

For her recent coverage of malnourished children in Gaza, Dagga won an internal AP award recognizing the strongest work produced each week.

Dagga’s editor at the Independent Arabia media outlet, Adhwan Alahmari, said she was among the most ethical, dedicated reporters and photographers. He called the strike a “flagrant violation of international laws.’’

Wafaa Shurafa, AP’s senior producer in Gaza who worked with Dagga daily, said she never hesitated to help anyone. Dagga never complained despite the severe hardships she faced, was always quick with a laugh, and was deeply respected and loved by her colleagues, friends and family, Shurafa said.

Shurafa said that she missed a call from Dagga after the first strike hit the hospital on Monday. When she called back, Dagga didn’t answer.

“I was nervous at first because she didn’t answer, I was super worried, I thought she was filming, but I never imagined she was killed,” she said.

“She didn’t answer, and she never will again.”

Magdy reported from Cairo, Mednick reported from Tel Aviv, Israel. Brian Melley in London contributed to this story.

Zelenskyy says China’s Xi Jinping sent independence day greetings to Ukraine

UBy Bloomberg News

KRAINIAN President Volodymyr

Zelenskyy said Chinese leader Xi Jinping sent him a note of congratulation on the 34th anniversary of the country’s independence, days before Russian President Vladimir Putin is scheduled to visit China.

Zelenskyy shared the message that he said came from Xi on Sunday on the social media platform X. The note would mark their first known communication in more than two years and the first public record of Xi sending well wishes to the country to mark its independence from the Soviet Union in 1991.

sidestepped a question about the note at a daily briefing on Tuesday, saying Beijing develops friendly ties with all countries “based on the principle of win-win cooperation.”

Chinese state media outlets, which typically cover Xi’s messages to world leaders, haven’t reported any congratulatory message to Ukraine. China’s Foreign Ministry spokesperson Guo Jiakun

According to Zelenskyy’s post, Xi said he stood “ready to work with you to guide our bilateral relations towards steady and long-term development and bring greater benefits to the peoples of both countries.” The Ukrainian president

said he appreciated Xi’s outreach, and touted mutual interests in advancing bilateral ties.

T he sharing of Xi’s message comes as Putin is set to travel to China for its biggest diplomatic huddle of the year starting Sunday and attend Beijing’s military parade, occasions that will likely showcase their close ties. With assistance from James Mayger, Colum Murphy, Qianwei Zhang and Philip Glamann/Bloomberg

FREELANCE journalist Mariam Dagga, 33, who had been working with the Associated Press and other outlets during the Gaza war, poses for a portrait in Khan Younis, southern Gaza Strip, on June 14, 2024. Dagga was one of several journalists killed along with other people in Israeli strikes on Nasser Hospital in Khan Younis on Monday, August 25, 2025. AP/JEHAD ALSHRAFI

www.businessmirror.com.ph

Facing US tariffs, India’s Modi pushes reforms and tax cuts to boost economy

By Ruchi Bhatia & Shruti Srivastava

WHEN Indian Prime Minister Narendra

Modi stood on the ramparts of the 17th century Red Fort in New Delhi and announced a cut to consumption taxes, he took many of his own officials by surprise.

For the past year, bureaucrats had made steady progress in talks to overhaul the country’s complex goods and services tax, but they were still several months away from making an announcement, an official in New Delhi involved in the discussions said. State finance ministers, who will need to manage the bulk of the revenue losses

from the tax cuts, say they weren’t consulted beforehand. The officials asked not to be identified in order to discuss internal matters.

With India bracing for 50% tariffs on its exports to the US from Wednesday, Modi’s government is speeding up policy changes such as the GST overhaul to shore up confidence and growth in the economy. US President Donald Trump’s tariff warnings since July have sparked renewed momentum in New Delhi to tackle some of the tricky reforms businesses and economists have long argued are holding back investment.

“Your usual policy levers are not going to work very well in the current environment,” said Dhiraj Nim, an economist at Australia &

New Zealand Banking Group Ltd. “So, the only way out is for you to undertake those slightly tougher reforms.”

Aside from the GST changes—a combination of lower tax rates and simplified rules—Modi also spoke in his Aug. 15 Independence Day speech about “next-generation reforms,” including policy changes to reduce compliance costs for firms and abolish redundant laws. India’s complicated tax system and bureaucratic red tape has given the country a reputation as a difficult place to do business. Layers of permits, overlapping regulations, and slow-moving approvals have frustrated businesses and stalled major projects, deterring investors who might otherwise fuel growth.

A government report earlier

this year cites examples of factory laws that make it cheaper for a business to run two plants with 150 workers compared with one factory with 300 staff, discouraging economies of scale. Labor laws require employers to pay at least double the regular wage for overtime, prompting many workers to take on extra hours informally.

Modi has set up two high-level panels to focus on the policy changes needed. One of the committees, which met last week for the first time, is led by Cabinet Secretary TV Somanathan and will focus on state-level deregulations, an official familiar with the matter said. The second panel is led by Rajiv Gauba, a member of the government think tank Niti Aayog, which will prepare recommendations for

the next-generation reforms highlighted by Modi, the person said.

India’s Ministry of Finance didn’t immediately respond to a request for further information.

Modi met with his Economic Advisory Council recently to gather policy recommendations on improving living standards and the ease of doing business. The view of many of the economists at the meeting was that 6.5% growth in the fiscal year through March 2026 was still achievable, with low inflation and interest rate cuts likely to help support the economy, a person familiar with the discussions said. There was a recognition that policy changes were needed to boost demand in the economy, the person said.

India’s macroeconomic indicators remain broadly stable, giving the government room to push ahead with difficult reforms. Inflation is at an eight-year low, Standard & Poor’s recently upgraded India’s credit rating for the first time in 18 years, and a clean-up of the financial system five years ago means banks are financially healthy.

“The macro-stability indicators are all in very good shape,” said Sanjeev Sanyal, a member of Modi’s Economic Advisory Council. “This creates the space for pushing the reform agenda harder so that we can build the foundation for the next round of high growth.”

Change the perception NOMURA Holdings Ltd.’s Sonal Varma, cited a “laundry list” of reforms to focus on, from liberalizing rules for foreign investors to easing labor and land restrictions.

The objective is to “change the perception around investing in India,” she said. “Notwithstanding what’s going on with the US, to send a signal that India is re -

forming, is looking to ease the cost of doing business and remains an attractive investment destination.” It’s clear that the US tariffs have been the “trigger” for those changes, she added. The government is also considering financial support for exporters to soften the blow from the tariffs. Textiles, jewelry and footwear are among the industries expected to be hardest hit. Top officials from the Prime Minister’s Office, the commerce ministry and the finance ministry are meeting Tuesday to discuss possible measures, including lower-interest loans and support for accessing new markets, people familiar with the matter said.

India’s economy is largely driven by domestic demand, rather than exports, so shoring up consumer and business sentiment is key to faster growth. Private consumption makes up about 60% of India’s gross domestic product— and although the US is India’s biggest export market, with shipments of $87.4 billion in 2024, that still amounts to only 2% of India’s total GDP.

Under the proposed GST changes, the number of tax categories will be reduced from four to two— with goods taxed at 12% and 28% levied at the lower rates of 5% and 18%, respectively. The proposal has been passed by a small panel of state finance ministers and has been submitted to the GST Council, which is led by Finance Minister Nirmala Sitharaman, for final approval.

The government is betting that the GST cut will spur consumer spending, especially in basic goods like food and clothing. IDFC First Bank estimates the tax cut will likely lift the nominal GDP growth by 0.6 percentage points over 12 months. Bloomberg News

NARENDRA MODI speaks at the Red Fort in New Delhi on August 15. PRAKASH SINGH/BLOOMBERG

Technology-driven innovation seen to accelerate growth in real estate

TECHNOLOGY is playing a bigger role in shaping the Philippine real estate sector, with property technology—or proptech—seen as a key driver of future growth. This momentum is underscored by the Davao Hackestate: Hackathon 2025, where six student teams have advanced to the finals to present digital solutions that could help transform how the industry operates.

Organized by PropTech Philippines and Filipino Homes, the competition taps young innovators to address real-world challenges in property development, marketing, and management. The final round is set for August 27 at the Grand Regal Hotel in Davao City.

Finalists include The Huntrix of Mapúa Malayan Colleges Mindanao; No Idea? of STI Gensan; Realtech and UM Trojans of the University of Mindanao; Neurobytes of AMA Computer College; and SJPCians of St. John Paul II College of Davao.

The top three winners will receive cash prizes of P 30,000, P 20,000, and P 10,000, while other teams will get P 3,000 consolation prize.

But more than prize money, the winners will gain mentorship and

incubation support to bring their projects closer to commercialization. “We will help them realize their projects and even connect them with potential funders,” said PropTech Philippines founder Anthony Gerard Leuterio. “This is a sustainable activity—we want to help the country find the best software ideas and expose them globally.”

Leuterio, a computer science graduate of San Jose Recoletos, said the hackathon is part of his mission to empower Filipino innovators while highlighting the role of technology in making the real estate industry more inclusive and future-ready.

Judges for the competition include both software developers and real estate practitioners, ensuring the projects are evaluated for technical execution and industry relevance.

Organizers said the initiative showcases how proptech can reshape the property sector while giving Filipino students an international platform for their ideas.

Leuterio added that future hackathons will expand beyond real estate to tackle wider national issues.

Sen. Mark Villar: Faked geotagged photos

from contractors is clear fraud

By Butch Fernandez @butchfBM

SENATOR Mark Villar on Tuesday raised serious concerns over reports that contractors may have submitted falsified geotagged photographs of government projects to justify payments.

“Did these faulty contractors submit faked geotagged photos? If so, that is outright fraud,” Villar said. “No contractor should have been able to collect from the government on the basis of deception.” Villar emphasized that during his tenure as Department of Public Works and Highways Secretary, he had already mandated the use of geotagging as a transparency and accountability measure.

This requirement applied not only upon completion but even during the progress of projects,

ensuring that photos were timestamped and location-based to prevent tampering or falsification.

“The whole purpose of mandatory geotagging was to make sure the government and the public could verify that work was actually being done where and when it was supposed to be. If contractors have found ways to cheat the system, that is an abuse of public trust and it must be investigated thoroughly,” Villar explained.

“Submitting fake project documentation, including manipulated or fabricated geotagged photos, constitutes clear fraud and carries heavy legal consequences, he stressed. Villar called on relevant agencies to hold erring contractors accountable and to protect public funds from similar schemes,” said the senator.

House panel launches inquiry into US request for Quiboloy extradition

THE House Committee on Justice will conduct a motu proprio inquiry into the United States’ request for the extradition of controversial pastor Apollo Quiboloy, citing what lawmakers described as “insufficiencies and ambiguities” in existing procedures.

The committee made the move after a formal request by Akbayan Party-list Rep. Perci Cendaña, who urged the panel to conduct an inquiry in aid of legislation.

“There is an overwhelming public interest and concern over the process by which extradition requests are received, evaluated, and acted upon. It is imperative that Congress, through your Committee, provide a forum where concerned agencies may clarify the status of the present request, explain the legal and procedural steps involved, and identify any gaps or ambiguities in our existing laws and treaties,” Cendaña stated in his letter, which was read out by Batangas Rep. Gerville Luistro, the panel chairperson, during the panel’s organizational meeting Tuesday.

Committee vice chair Bukidnon 2nd District Rep. Jonathan Keith Flores formally moved to carry out the probe, expanding its scope to cover Presidential Decree 1069 (the Philippine Extradition Law of 1977) and the 1994 Extradition Treaty between the Philippines and the U.S. The panel approved the motion without objection. Luistro said both laws remain “silent” on several critical points.

“The following arguments or issues with respect to the existing laws on extradition in the Philippines were raised: one, whether an extradition process may be initiated by a foreign country when the extraditee has pending cases as well in the Philippines;

House says 2026 budget participation rules ‘just the beginning’ of open budget process

By Jovee Marie N. Dela Cruz @joveemarie

THE House of Representatives on Tuesday clarified that the interim rules on people’s participation in the 2026 budget deliberations are only the first step in building a more open, participatory, and accountable budget process.

House Spokesperson Atty. Princess Abante said the chamber recognizes the crucial role of civil society organizations (CSOs) in amplifying community voices and ensuring accountability, noting that the Interim Guidelines on People’s Organizations’ Engagement were designed to operate within the limits of the 2026 budget calendar.

“The House leadership has been transparent from the beginning: this year’s guidelines are interim, designed to fit within the constitutional and operational limits of the 2026 budget calendar,” Abante said.

She explained that the mechanisms are “not yet the final model” since this year serves as a pilot

period to identify bottlenecks, test procedures, and refine institutional processes.

“We chose to move forward— even with limitations—because delaying reform would only delay people’s voices. We did not want perfection to be the enemy of participation,” Abante stressed.

As of August 24, six organizations have been accredited to take part in the 2026 budget deliberations: the Federation of Free Farmers Cooperatives, SafeTravelPH Mobility Innovations Organization, Makati Business Club, Alyansa ng Nagkakaisang Mamamayan, Center for People Empowerment in Governance, and WeSolve Foundation.

“We thank these organizations for their constructive engagement, adherence to the process, and dedication to pursuing reforms from within,” Abante said. “Their participation reflects a commitment to dialogue over division and collaboration over criticism.”

The House also released a breakdown of the accreditation process: six CSOs were accredited, four indicated intent to submit require -

ments, two deferred participation, and 14 have yet to respond.

“The door is always open. Participation is not a one-shot deal— it is a commitment we can build on together,” Abante said.

She said the House is treating the 2026 experience as a “valuable baseline for building a more robust framework for 2027 and beyond.”

“Speaker Ferdinand Martin G. Romualdez and the House leadership are committed to documenting this year’s implementation lessons, engaging CSOs in postbudget assessments, and crafting a more inclusive and standardized participation framework in future budget cycles,” Abante said.

“This is part of the House’s broader effort to institutionalize people’s participation not just in budgeting but in lawmaking, oversight, and national development,” she added.

Calling this year’s initiative “just the beginning,” she underscored that the People’s Budget is “not a slogan but a living process” that will continue to evolve with the help of civil society.

“We urge our partners in civil

society to continue engaging, continue critiquing, but most importantly, continue participating. The budget affects every Filipino—and every Filipino voice deserves space in the conversation,” Abante said.

Earlier, Social Watch Philippines announced it would not seek accreditation as an “observer” in the House budget proceedings, citing a lack of meaningful participation under the new interim rules.

In a letter to House Speaker Romualdez, SWP urged Congress to implement confidence-building measures to demonstrate a genuine commitment to transparency.

These include passing the “Open Bicam” House Joint Resolution, which would make all bicameral conference committee meetings open to the public; adopting a resolution that details which budget documents must be made accessible to the public; and ensuring that versions of the General Appropriations Bill are available in machine-readable formats like Excel.

CHR appeals for more funds to enforce human rights laws

THE Commission on Human Rights (CHR) on Tuesday revealed that despite being tasked with implementing several special human rights laws—including the Anti-Torture Act of 2009 and the Anti-Enforced or Involuntary Disappearance Act of 2012—it has not been given specific budget allocations to carry out these mandates.

During the budget hearing, House Deputy Minority Leader Chel Diokno raised concerns over the absence of funding for the CHR’s responsibilities under these laws.

“The Commission on Human Rights plays a special role with certain special laws that are focused on human rights… How much of the National Expenditure Program (NEP) is being allocated towards the implementation of these special human rights laws?” Diokno asked.

PHL

second, what is the timeline between the request by the Department of Foreign Affairs [DFA] [and] the transmittal to the Department of Justice [DOJ]; in the same manner, what is the timeline between the receipt by the DOJ [and] the filing of the petition for extradition with the proper regional trial court,” she said.

“Number three, it was also raised which court shall acquire jurisdiction over the request for extradition...whether the court that has jurisdiction over the local cases or the court where the extraditee is a resident of, as mentioned in the treaty or PD 1069,” she added.

Flores further flagged a gap in the law regarding who has the authority to determine between temporary surrender and deferred surrender once an extradition is granted—an ambiguity Luistro acknowledged.

While acknowledging that the DOJ, through the Chief State Counsel, files extradition petitions, Luistro stressed that the bigger concern is clarifying the process.

“This is not about prejudging anyone’s guilt. It is about upholding the rule of law, honoring our treaty commitments, and ensuring that victims see swift, fair, and transparent action,” Luistro said in a separate interview.

“Our message is simple: no one is above the law. We will ask the DOJ and DFA to walk the public through the precise legal options— temporary or deferred surrender—and the concrete timeline so justice is neither delayed nor denied,” Luistro said.

Luistro emphasized that Quiboloy’s case is only incidental to the larger issue of strengthening the Philippines’ extradition framework. Jovee Marie N. Dela Cruz

CHR Chairperson Richard Palpallatoc admitted that the commission has repeatedly requested allocations from Congress but has largely been left unfunded. “There are several special laws granting additional mandates to the Commission on Human Rights, but there are no corresponding budget allocations for this,” Palpal-latoc said. “For the NEP, we have only been provided P2 million for gender programs under the Magna Carta of Women. The rest have no provision for the budget.” Diokno stressed that the CHR’s lack of funds undermines the enforcement of human rights safeguards. “In other words, for your role in terms of implementing the Anti-Torture Law and the Anti-Enforced Disappearance Law, there’s nothing in the NEP. It’s good that we learned that because hopefully, we can do something about it,” he said.

Both laws were enacted more than a decade ago, but the CHR noted that without corresponding resources, the institution’s ability to fully exercise its oversight role and protect vulnerable detainees remains limited.

Diokno, a veteran human rights lawyer, also pressed the CHR on whether law enforcement agencies have been complying with the reporting requirements mandated by these laws, such as submitting lists of jail and detention facilities, as well as the names of detainees.

According to Palpal-latoc, most agencies have been submitting reports. “The submission of the required list of persons deprived of liberty and reports is being provided to us on a regular basis. There are some facilities that failed, but the majority are submitting the reports,” he said.

Under the 2026 NEP, the CHR is seeking P1.2 billion, or P156.6 million more than its 2025 allocation of P1.1 billion. The commission had initially proposed P2.19 billion for next year.

The CHR expressed hope that lawmakers would increase its 2026 allocation to support its priority programs, which include the expansion of the financial assistance program for victims of human rights violations and the continuation of Lakbay Karapatan Tungo sa Kamalayan (LaKaRan), an education campaign.

The commission is, likewise, advocating for expanded jail and detention center visits to fully exercise its visitorial powers, while also strengthening its regional offices to guarantee that services extend to communities beyond Metro Manila.

urges Israel to heed ceasefire, end humanitarian crisis in Gaza

By Malou Talosig-Bartolome

THE Philippines has joined mounting international calls for an immediate ceasefire and urgent humanitarian relief in Gaza, as global pressure intensifies ahead of a United Nations Security Council (UNSC) emergency meeting.

In a statement released over the weekend, the Department of Foreign Affairs (DFA) expressed alarm over Israel’s reported plan to expand military operations into Gaza City, warning that it could worsen an already dire humanitarian crisis.

“The Philippines is deeply concerned by the deteriorating conditions in Gaza,” DFA spokesperson Angelica Escalona said. “These developments further diminish prospects for a just, lasting, and comprehensive peace in the Middle East.”

The Philippines’ current stance reflects a steady shift in its diplomatic posture. In November 2023, Manila voted in favor of

Torre. . .

Continued from A12

every Filipino feels secure in their communities.”

Remulla said “national security concerns” as well as the reshuffle of third-level officers without National Police Commission sanction led to Torres’s relief.

The Napolcom issued a resolution reversing Torre’s reshuffle and returning the affected police officers to their former posts because under regulations, Palace approval, or at least Napolcom’s, is needed for the transfer of officers belonging to the command group. Nartatez, being the second in command, is a member of that group.

seven out of eight United Nations resolutions condemning Israeli actions in Palestinian territories—including settlement expansion, environmental damage, and violations of refugee rights. It abstained on one resolution urging Israel to cooperate with a UN human rights probe, citing the lack of condemnation of Hamas’ October 7 attacks.

By December 2023, Manila voted in favor of a UN resolution demanding an “immediate, unconditional, and permanent” ceasefire.

Philippine Permanent Representative to the UN Antonio Lagdameo emphasized the need to protect civilians and uphold international humanitarian law.

The Philippines’ diplomatic balancing act became even more urgent following the July 2025 attack on the MV Eternity C, a Liberia-flagged, Greek-operated bulk carrier navigating the Red Sea. The vessel was struck by Houthi rebels using drones and speedboats, resulting in the deaths of at least two Filipino seafarers and the abduction

This resulted in a flurry of statements of support for Torre, the first Philippine National Police Academy graduate to be appointed Chief, PNP, from his fellow PNPA graduates.

Nartatez is a member of the Philippine Military Academy Class of 1992.

Both officers are due for retirement within days of each other in March 2027, Torre on the 11th and Nartatez on the 19th.

During Nartatez’s installation as PNP chief, Remulla said President Marcos is considering Torre for a government position following his sudden relief.

“I was privy to a conversation that the President is considering him for another post in government,” Remulla said at the news conference that followed Nartatez’s installation.

of several others.

Of the 22 crew members onboard, 21 were Filipino—including the captain. The DFA and Department of Migrant Workers (DMW) have confirmed that nine Filipino crew members are currently being held by the Houthis, and talks are underway for their release. Eight have been rescued, while others remain unaccounted for. The Palace has assured families of full government support, and diplomatic efforts are ongoing.

The incident has intensified calls for maritime safety and highlighted how regional conflicts—particularly those involving Israel and its adversaries—can directly endanger Filipino lives abroad.

The United Nations Security Council is set to reconvene Wednesday for its scheduled briefing on the Middle East, following last week’s emergency session requested by five European members.

That meeting centered on Israel’s proposed operation in Gaza City, which drew

“We will know soon if General Torre will accept,” he added.

Remulla refused to disclose the possible government position for Torre.

“We will have to wait for the President to make the announcement. I am not at liberty to...I actually don’t [know] for a fact what will be offered to him,” he said.

Senators Panfilo Lacson and Ronald dela Rosa meanwhile shared their views on the removal of Torre as PNP chief.

Lacson, who served as PNP chief from 1999 to 2001, said Torre may have acted “beyond his authority” when he relieved Nartatez.

Lacson explained that the designation and relief of the members of the PNP Command Group should be cleared with the President or at least the ex-officio chairman

sharp criticism from France, Slovenia, and others over humanitarian and legal concerns. A senior UN official warned of “yet another calamity,” while France reaffirmed its plan to recognize Palestinian statehood by September. Council members remain divided, with European nations urging de-escalation and the US emphasizing Israel’s urgency in recovering hostages. Prime Minister Netanyahu insists the operation is tactical, not a full occupation, though reports suggest possible population relocation by October 7. The Palestinian envoy renewed calls for a ceasefire and the resumption of peace talks, warning that further escalation could derail future negotiations.

The Philippines reiterated its support for international humanitarian law and diplomatic efforts aimed at restoring peace and stability in the region. The DFA also backed calls for unrestricted humanitarian access and the protection of civilians.

of the Napolcom, the Secretary of the Interior and Local Government.

“Even when former President Joseph Estrada gave me the blanket authority to run and manage the PNP during my time as chief, PNP, I did not exercise absolute authority over the designations of the members of the Command Group,” Lacson said. Regardless, he pointed out that the removal of Torre from his post was the sole prerogative of the President. Dela Rosa, the PNP chief from 2016 to 2018, said that he has no idea if Torre “abused” his powers as PNP chief.

Dela Rosa said that he also appointed police officers to different positions during his watch but with clearance from Malacañang. With Jane Magturo and Butch Fernandez

Jovee Marie N. Dela Cruz

Beyond tariffication: Addressing the root causes of high rice production costs

SIX years after Republic Act (RA) 11203 or the Rice Tariffication Law (RTL) took effect, the cost of producing unmilled rice is still at double digits, based on the latest data from the Philippine Statistics Authority (PSA). In a report it published on July 15, the PSA indicated that palay production cost averaged P14.52 per kilo last year, 7 percent higher than the P13.54 recorded in 2023. (See, “Producing a kilo of rice has risen further to P14.52–PSA,” in the BusinessMirror, July 16, 2025). According to the national statistics agency, the increase was driven by labor and seed costs.

Under RTL, which created the Rice Competitiveness Enhancement Fund (RCEF), the government is targeting to cut palay production cost to P9 per kilo—a level that would make Philippine rice more competitive in Southeast Asia. Lower production cost would not only mean cheaper rice for consumers, but also more income for local planters. As local rice becomes more affordable, imports would become less attractive to traders who will have to pay onerous tariffs and steep logistics costs to deliver the staple food to their customers.

However, it is apparent that slashing rice production cost by more than half may be a tall order for the Philippines, especially since it relies heavily on imported inputs like fertilizer. It does not help that the weakening of the peso against the dollar is making those imported inputs more expensive. At some point, sellers will no longer be able to absorb the increase in cost and this will eventually have to be shouldered by planters.

And if imported rice becomes cheaper, which was what the world witnessed in recent months, traders in the Philippines would use this as basis for pricing the palay they buy from farmers. This despite the fact that local farms supply as much as 90 percent of the country’s rice requirements. So it came as no surprise that the government had resorted to implementing an import ban to prevent the further decline of farmgate prices.

While its immediate effect is to prop up farmgate prices, it is a shortterm solution for the problems that have hounded planters for years. Despite the billions of pesos poured into the rice sector in nearly two decades, the country’s rice imports rose steadily and even reached a record-high of 4.8 million metric ton (MMT) in 2024. This may be because measures to significantly raise palay production are not being implemented properly or they are flawed and are unsuitable to local conditions.

At this point, the nation can only hope that the necessary steps to fortify the rice sector are now being undertaken, particularly since huge sums of money have already flowed to various agencies and even private entities following the implementation of RA 11203. Reducing the cost of production is an excellent goal—a leap towards improving competitiveness. And the Philippines can only get there if the barriers that hinder the efficient production of the country’s staple food are finally eliminated.

Future-ready economy

WMark Villar

THE BUILDER

E plan for the future to prepare for new challenges that may derail our goals. We find ways to adapt to the new environment that may change our way of life—and we want to make sure that no one in our family is left behind when we come to face an entirely new landscape.

For most of the ordinary folks in the countryside, planning for the future can mean fortifying their shelters in anticipation of the next storm.

It is the same for the Philippine economy. A diversified, productive and inclusive growth will make the economy strong and resilient amid global uncertainties

The future that we dread and anticipate is actually in our midst. Higher tariffs from the United States could mean reduced exports and jobs, unless we diversify our markets to soften the blow from the trade shock.

Artificial intelligence, or AI, is creeping into the mainstream

Antonio L. Cabangon Chua Founder

T. Anthony C. Cabangon

Lourdes M. Fernandez

Jennifer A. Ng Vittorio V. Vitug

Lorenzo M. Lomibao Jr., Gerard S. Ramos

Lyn B. Resurreccion, Dennis D. Estopace

Angel R. Calso, Dionisio L. Pelayo

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D. Edgard A. Cabangon Benjamin V. Ramos Aldwin Maralit Tolosa

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BusinessMirror is published daily by the Philippine Business Daily Mirror Publishing, Inc., with offices on the 3rd floor of Dominga Building III 2113 Chino Roces Avenue corner De La Rosa Street, Makati City, Philippines. Tel. Nos. (Editorial) 817-9467; 813-0725. Fax line: 813-7025. (Advertising Sales) 893-2019; 817-1351, 817-2807. (Circulation) 893-1662; 814-0134 to 36. E-mail: news.businessmirror@gmail.com www.businessmirror.com.ph

Teconomy and it may displace jobs in Philippine business process outsourcing (BPO) outfits unless we are fast enough to upskill our workers.

The administration of President Ferdinand Marcos Jr., fortunately, is aware of the evolving international trade regime. Per Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan, the Philippines must expand the demand side of growth beyond household consumption by building on investments and exports.

It is a recalibration of the economic strategy. The Philippines now aims to shift growth toward

By Anand Krishnamoorthy & Ruth Carson

HE dollar weakened and investors sought traditional safe-haven assets after President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, stoking concerns over the central bank’s independence.

A gauge of the dollar retreated 0.3 percent before paring losses as Trump posted on his Truth Social account that Cook will be removed effective immediately. Gold, which rose as much as 0.6 percent, trimmed its gains after Cook said she won’t resign, the Washington Post reported. The yen and the Swiss franc also made similar moves. Asian stocks fell 0.7 percent. Futures for the S&P 500 dipped 0.1 percent.

The Treasury curve steepened, with a drop in two-year yields reflecting growing speculation of a Fed interest-rate cut as soon as next month, while 30-year yields climbed on concern looser monetary policy would risk fueling inflation. French bond futures opened lower in Asia trading.

Trump’s move adds to the negative sentiment toward US assets,

after his tariff war and widening deficit revived a “Sell America” theme earlier this year and Wall Street questioned US exceptionalism. Traders have been seeking alternatives to the dollar, the world’s reserve currency, and Treasuries, and any perception of eroding Fed independence could accelerate that shift.

“Removing Cook increases concerns over Fed independence, assuming Cook has no legal recourse,” said Rodrigo Catril, a strategist in Sydney at the National Australia Bank. “If Trump succeeds, then this means he could potentially have four board members aligning with his view. Whether these board members respect Fed independence and adhere to the Fed’s dual mandate remains to be seen.”

Trump’s announcement came

The economic base in areas outside of the urban centers must also be strengthened and connected with fast-growing sectors. Broadening the geographic base of the Philippines’ economic growth, which has been concentrated in Metro Manila, Central Luzon and CALABARZON since the 2000s, is the road to an inclusive growth.

the manufacturing sector and higher value-added services that provide more quality jobs, better wages and stable employment for skilled and semi-skilled workers.

The services sector will keep its position as one of the leading economic drivers but agriculture and industry will remain beset by structural challenges.

The economic base in areas outside of the urban centers must also be strengthened and connected with fast-growing sectors. Broadening the geographic base of the Philippines’ economic growth, which has been concentrated in Metro Manila, Central Luzon and CALABARZON since the 2000s, is the road to an inclusive growth.

A gauge of the dollar retreated 0.3 percent before paring losses as Trump posted on his Truth Social account that Cook will be removed effective immediately. Gold, which rose as much as 0.6 percent, trimmed its gains after Cook said she won’t resign, the Washington Post reported. The yen and the Swiss franc also made similar moves. Asian stocks fell 0.7 percent. Futures for the S&P 500 dipped 0.1 percent.

after the US Department of Justice indicated it planned to investigate Cook, following a criminal referral from Federal Housing Finance Agency Director Bill Pulte alleging that she may have committed mortgage fraud. That investigation marked the latest in a series of moves by the Trump administration both to increase legal scrutiny of Democratic figures and put pressure on the central bank.

Cook won’t quit and will continue to carry out her duties, the

For Balisacan, I agree with him that investing in better infrastructure, advanced technologies and technological innovations could help boost productivity.

Prioritizing quality education, strengthening healthcare and empowering the Filipino workforce are essential to fully harness the country’s demographic dividend. “Our nation is advancing during a pivotal demographic window— marked by a growing working-age population and declining fertility and dependency rates—conditions that, if harnessed well, can accelerate economic growth,” says Balisacan. Preserving the jobs of many of our workers and adapting to the new working environment are key to growth. Automation and AI are expanding their contribution to the production process.  AI, in particular, can be considered a double-edged sword. It can boost labor productivity but also displace workers. In the Philippines, where customer service and call center operations are primarily staffed by Filipino workers, AI has the potential to replace human interaction and jobs within the industry.

Washington Post reported, citing a statement from her. Cook is likely to sue to challenge the removal and “we believe she can win,” wrote Bloomberg Intelligence analyst Elliott Z Stein. Mere allegations of fraud are likely insufficient to meet the “for cause” removal standard unless actual wrongdoing is established, which at minimum likely requires an investigation and possibly a conviction, he wrote.

“Markets typically take such headlines as a threat to Fed independence,” said Anna Wu, an investment strategist at Van Eck Associates. “It sparks uncertainty but also reinforces that the Trump playbook is likely to dominate.”

“Risk sentiment will falter further thanks to a barrage of Trump headlines hitting markets that were already shaky. Now, the Fed’s credibility is under the spotlight after Trump sought to remove Lisa Cook. That move signals a wider shakeup may be possible if policymakers fall out of step with the White House. The

China’s solar industry signals hope despite more heavy losses

CHINESE solar manufacturers are still heavily in the red, but investors are beginning to detect signs of progress in their battle against overcapacity.

Four of the biggest panel makers reported first-half earnings on Friday, racking up a combined net loss of over 13 billion yuan ($1.8 billion) —testament to the ruinous impact of cutthroat competition that in some cases has involved selling below cost. Three of the firms, Tongwei Co., JA Solar Technology Co. and Trina Solar Co. posted worse results than last year, although the largest, Longi Green Energy Technology Co., succeeded in narrowing its deficit after reducing expenses and impairment charges.

Moreover, the companies incurred those losses at a time of unprecedented demand in China for solar products, after developers front-loaded projects before a less favorable pricing policy came into effect in June. As that demand subsides, the industry’s prospects will hinge almost entirely on whether it can turn the government’s antiinvolution mantra into reality.

The authorities are ratcheting up the pressure, even if they are yet to directly intervene. A meeting between government departments and solar makers early last week prompted the top industry body to urge stronger efforts at self-discipline to combat the sector’s prolonged downturn.

The readout from the government session suggests a turning point could have been reached, Trivium China said in a research note. The meeting was an upgrade from a previous get-together with the industry in July, according to the consultancy, and included regulatory heavyweights like the country’s top economic planner, the National Development and Reform Commission, and the State Admin -

independence—long seen as sacrosanct—comes under increasing strain,” said Bloomberg strategist Mary Nicola. Risk to the independence of the Fed was also flagged as a concern by S&P Global Ratings earlier this month while affirming the AA+ rating for the US—a score it’s given since 2011, when it first downgraded the world’s largest economy from AAA.

“The ratings could also come under pressure if political developments weigh on the strength of American institutions and the effectiveness of long-term policymaking or independence of the Federal Reserve,” analysts including Lisa Schineller wrote in a report. “This, in turn, could jeopardize the dollar’s status as the world’s leading reserve currency— a key credit strength.” Meanwhile, contracts for the Nasdaq 100 fell as much as 0.5% as Trump also threatened to place export curbs on chips.

Stocks were already under pressure after initial optimism about the Fed lowering interest rates vanished and US stocks retreated Monday. Stocks rallied on Friday after Federal Reserve Chair Jerome Powell opened the door for a possible interest-rate cut.

The sense of euphoria eased as doubts over the pace of those reductions lingered on Wall Street as

Villar . . . continued from A10

Appeal to PBBM: Time to make ‘Buy Pinoy’ mandatory in government procurement

istration for Market Regulation, which typically aren’t involved in solar matters.

Attendees also included the solar industry’s customers in state-owned power generation, along with the regulator responsible for overseeing them.

The upshot could be government oversight of solar pricing, removing export tax rebates to hasten the failure of the weakest companies reliant on overseas sales, and new programs to lift renewables demand, Trivium said.

Despite their poor results, all of the companies except Trina saw their stocks rise on Monday, roughly in line with gains in the wider market.

“A consensus on anti-involution has been reached in the industry, although specific plans have not yet been released,” Longi said in its earnings report, adding that companies could still find themselves under short-term pressure.

One risk stems from a stronger market for polysilicon, a key element in solar panels. The gains are due in part to the industry’s plan to establish a fund to retire capacity. The 18% rise in price since June could tempt producers to bring units back online, according to BloombergNEF.

Still, the polysilicon market seems to be ground zero in the fight against overcapacity, and success there could be the start of a revival in the industry’s fortunes.

On its earnings call, Trina said that “polysilicon is the first step of anti-involution in the solar sector and more steps would follow in the second half,” according to a note from Citigroup Inc. Trina declined to comment. Bloomberg

traders braced for a not-so-friendly price reading later this week.

Policymakers are grappling with inflation that’s still above their 2 percent goal—and rising— and a labor market that’s showing signs of weakness. That unnerving reality, which pulls policy in opposite directions, is made worse by a high degree of uncertainty about how each of those factors will evolve over the coming months.

The Fed’s preferred gauge of underlying inflation probably ticked higher last month, with the personal consumption expenditures price index excluding food and energy rising 2.9 percent from a year ago. That would be the fastest annual pace in five months.

Elsewhere, French bond futures opened lower after Prime Minister Francois Bayrou called a confidence vote that may topple France’s government as soon as next month.

Aside from the macro picture, the next big test for the stock market will be a read on what’s been driving gains for the past few years: artificial-intelligence euphoria.

Nvidia Corp. is due to unveil its results Wednesday after the close. The company’s size—it has the biggest weighting in the S&P 500 at almost 8 percent—and its position at the center of AI development have made it a bellwether for the broader market. This story was produced with the assistance of Bloomberg automation. With assistance from Rthvika Suvarna

“A future-ready, competitive, and inclusive economy requires

and

WDr. Jesus Lim Arranza

MAKE SENSE

ITH all the noise surrounding anomalous flood control projects and questionable contracts with private contractors, one critical area of government spending often gets overlooked: the procurement of goods.

Government procurement is not just about ensuring transparency and avoiding corruption. It should also be about maximizing the benefits of the country’s P6-trillion annual budget for the local economy. After all, the Philippine government is the single biggest customer in the country.

Imagine the multiplier effect if a significant portion of this budget is used to buy locally made goods instead of imported ones.

The benefits are clear: domestic industries will flourish, jobs will be created, and tax revenues will increase as industries expand and employ more workers. A stronger tax base means more funds for government programs and services. It is a cycle of benefits that sustains itself—if only government agencies would consistently prioritize local products.

In fact, the laws already exist. Republic Act 12009, or the “Revised Government Procurement Reform Act,” mandates preference for locally produced goods in government procurement. This law is aligned with Administrative Order 227, issued by then-President Gloria MacapagalArroyo, which institutionalized the

“Buy Pinoy, Buy Local” campaign launched by the Federation of Philippine Industries (FPI) and the Filipino-Chinese Chamber of Commerce and Industry. A much-older law, the Commonwealth Act No. 138, also mandated a “Buy Filipino” policy for government procurement, requiring government entities to prioritize locally manufactured goods even if they are up to 15 percent to 20 percent more expensive than their foreign counterparts.

Unfortunately, compliance with these mandates has been spotty at best. Too often, procuring agencies default to imported goods, citing either marginally lower prices or convenience, while ignoring the broader economic implications.

This is where President Ferdinand Marcos Jr. can make a decisive mark.

We urge the President to go further than RA 12009 and AO 227 by making it mandatory for all government agencies to purchase locally manufactured goods in their procurement—even if prices are slightly higher than imported counterparts. This, I believe, can be done through the issuance of another AO or an executive order (EO).

The premium paid for local goods

We urge the President to go further than RA 12009 and AO 227 by making it mandatory for all government agencies to purchase locally manufactured goods in their procurement— even if prices are slightly higher than imported counterparts. This, I believe, can be done through the issuance of another AO or an executive order (EO).

should not be seen as an added cost, but as an investment in sustaining Philippine industries and workers.

This policy direction is not without precedent. Globally, governments are moving towards nationalistic procurement strategies. In the United States, President Donald Trump made “America First” a rallying cry for industries, ensuring that public funds fueled domestic growth. Europe and other Asian economies have similar policies to shield their local industries from the flood of cheap imports. It is only fitting that the Philippines follow suit. Let’s not stymie our actions with the fear of being hauled to the World Trade Organization. Just look at what the bigger economies are doing. As the saying goes, “we cannot be more pious than the Pope.”

Moreover, the government can be assured of the quality of locally produced goods. Domestic manufacturers adhere to the Philippine National Standards (PNS), which ensure strict compliance with safety, durability, and performance requirements. By sourcing locally, agencies not only support Filipino industries but also guarantee that the goods they procure meet the standards our people deserve.

Take the case of automotive batteries. The Philippines has a world-class local brand—Motolite, manufactured in Sta. Maria, Bulacan—that has made its mark not only domestically but also in North America and the Asia-Pacific region for its superior quality. With tens of thousands of vehicles being used by government agencies, a deliberate choice to prioritize Motolite would significantly strengthen its domestic base, enabling the company to hire more workers and expand its operations. Beyond the economic gains, agencies would also benefit from the unmatched after-sales service that Motolite is known for: free roadside assistance, easy warranty claims anywhere in the country, and 24/7 quick delivery. In this sense, buying local is not just patriotic—it is practical, efficient, and sustainable. The “Buy Pinoy, Buy Local” campaign deserves more than just lip service. It needs teeth, enforcement, and leadership from the very top. By issuing an EO or an AO to strictly implement RA 12009 and AO 227, President Marcos can send a powerful message: that public funds should first and foremost support Filipino workers, industries, and products. In doing so, the government will not just be purchasing goods. It will be purchasing economic growth, job creation, and national resilience. And for a country seeking to strengthen its economy in an increasingly uncertain global environment, that is the wisest investment of all.

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.

Trump says South Korea’s Lee will stick to trade, spending deal

By Soo-Hyang Choi, Jennifer A. Dlouhy & Heesu Lee

PRESIDENT Donald Trump insisted that South Korea will stick to the terms of its recent tariff agreement, including hundreds of billions of dollars of investment in the US, despite lobbying efforts by President Lee Jae Myung during their first in-person meeting.

Trump and Lee on Monday expressed optimism for close cooperation on North Korea, collective security and shipbuilding, yet the deal setting a 15 percent tariff on South Korean goods will remain unchanged, according to the US president.

“We stuck to our guns,” the president told reporters Monday after the meeting. “They’re going to make the deal that they agreed to make.”

The summit was followed by news that Korean Air Lines Co. plans to order more than 100 Boeing Co. jets as South Korean companies followed up with private sector investment on top of $350 billion of government-linked funding for the US set out in the deal.

The sit-down looked in danger of heading off the rails earlier Monday after Trump posted on social media that political turmoil could make it impossible to deal with Seoul. But tensions were barely evident during the meeting and Trump praised his counterpart as a “very good representative for South Korea,” an indication that Lee and his team were able to defuse pre-summit tensions.

The South Korean leader launched a charm offensive, praising US stockmarket gains, the gold finishes Trump added to the Oval Office and his peacekeeping efforts, and asked him to focus on ending tensions on

adds that it’s imperative to sustain the reform momentum, adopt transformative policies, equip a workforce ready for the future, and fast-track the development of robust, accessible digital and energy infrastructure. Through all this transformation, jobs must be preserved and

the Korean peninsula.

“We can do big progress with North Korea,” Trump said earlier in the Oval Office alongside Lee.

Trump said he’d like to have another meeting with North Korean leader Kim Jong Un and that the two had become “very friendly” over the course of three meetings during his first term in office.

Lee suggested that Trump could even construct an eponymous tower in North Korea if relations improve.

Trump also congratulated Lee on his election and said “we’re with you 100%,” despite the comments earlier Monday that questioned political stability in South Korea and raised tensions with the decades-old ally.

Both leaders nodded to a burgeoning shipbuilding agreement, with Trump pledging to purchase ships from South Korea and Lee acknowledging Trump’s desire to have Korean shipbuilding in the US employing American workers. The separate private sector investment plans in the US are expected to reach about $150 billion.

The exchange of pleasantries in the Oval Office nonetheless took place against the backdrop of lingering tensions over trade.

The two sides reached a last-minute trade deal at the end of July that capped tariffs on US imports from South Korea, allowing Seoul to avoid

generated in order to sustain economic growth. The Philippines is doing its best in keeping the labor sector dynamic.    The country created more jobs, or roughly 6 million under the current administration, the highest compared with past administrations.

the 25% rate that Trump had threatened to impose. But Trump administration officials had since signaled dissatisfaction over the terms and have been eager to pin down South Korea on the specifics of the $350 billion it pledged to invest in the US as part of the deal.

For Seoul, the deal meant South Korean cars and parts facing the same tariff level as Japan, putting it in less of an advantageous position compared with its regional rival than before Trump’s trade war. It still also left the nation vulnerable to later tariffs on chips and batteries, other key sectors for the economy and future growth.

Still, there was no expectation ahead of the meeting that Lee intended to change the details of the deal. On the contrary, South Korean officials were more concerned that the US president might want to reopen talks on a domestic agriculture sector that was largely ring-fenced by Seoul in the trade talks.

Monday’s meeting was also expected to have touched on other thorny issues, including reaching an agreement on defense cooperation, which Seoul initially tried to make part of the tariff deal.

After the meeting with Trump, Lee said South Korea would increase its defense spending. He said that the additional budget would go toward acquiring advanced assets for future warfare, but did not specify by how much it would be raised.

Trump earlier on Monday blasted South Korea for political instability on social media and elaborated on those comments during a signing of executive orders that stretched more than an hour, keeping Lee

The government in 2023, per Finance Secretary Ralph Recto, lifted 2.5 million Filipinos out of poverty since the pandemic.

“And we will make sure to lift 8 million more Filipinos out of poverty by the end of the President’s term,” the finance chief vowed. Creating more jobs is one of the

waiting past the leaders’ scheduled meeting time.

Trump mused on Truth Social that it seemed like there was “a Purge or Revolution” in South Korea, and later told reporters in the Oval Office that he’d heard “there were raids on churches over the last few days, very vicious raids on churches by the new government in South Korea, that they even went into our military base and got information.”

Trump’s social media post highlighted a vulnerability that has haunted Lee in South Korea since he took office after a democratic election in June. His predecessor Yoon Suk Yeol’s decision to invoke martial law last December shocked the world, spooked markets and triggered the nation’s worst constitutional crisis in decades.

Yoon’s removal from office in April by a South Korean court and his party’s loss in the June election angered crowds of his conservative supporters who waved “Stop the Steal” signs in references to Trump backers’ protests of his 2020 election loss.

The US president quizzed his counterpart at the start of their meeting about the raids, but after Lee explained that the reports were an outgrowth of the political turmoil that predated the South Korean’s young presidency, Trump said, “I am sure it’s a misunderstanding.”  It was a sign that Lee’s efforts to charm Trump, honed in weeks of preparation for the meeting, had helped keep the talks on track. With assistance from Meghashyam Mali, Denny Thomas, Michelle Jamrisko and Jordan Fabian/ Bloomberg

hallmarks of good governance. A bigger workforce reduces the poverty incidence and will help the country navigate the future with a clear roadmap.

For feedback e-mail to senatormarkvillar@gmail.com or visit our web site: https:// markvillar.com.ph

Wednesday, August 27, 2025

BusinessMirror

‘Making PHL a fintech hub won’t need complicated tech’

By Cai U. Ordinario

TRANSFORMING

the country into a FinTech Innovation Hub does not need complicated technologies, according to the Bangko Sentral ng Pilipinas (BSP).

BSP Governor Eli M. Remolona Jr., in his speech at the Manila Tech Summit 2025 in Taguig City on Tuesday, said simple solutions that work for every Filipino should be prioritized by the FinTech industry.

“We like simple solutions that people can easily use. And we like secure systems that can withstand shocks and attacks. This is how we connect inclusion, security, and innovation,” Remolona said.

The BSP Governor said the first priority is making systems inclusive. Through QR PH and PalengQR PH, the BSP has made the financial system accessible to informal workers and businesses.

The Philippines CPI score now stands at 73 out of 100 in 2025, only one point apart—almost flat—from the score of 74 out of 100 posted in 2024.

TransUnion Philippines President and Chief Executive Officer Peter Faulhaber said there was a slight decline in the security and safety of transacting through traditional banks.

day, FinTech Alliance.Ph Founding Chairman Lito Villanueva said it is important for the industry to be reminded that technology is not the one shaping the future, but humans.

50K MT OF RED, 35MT YELLOW ONIONS EYED FOR IMPORTS

By Ada Pelonia

THE government may authorize the importation of some 50,000 metric tons (MT) of red onions and 35,000 MT of yellow onions to plug the projected supply shortfall of the key ingredient in Filipino cuisine.

monitoring and consultation with the stakeholders.

“Secretary [Laurel’s] direction is clear: import only what’s needed,” Panganiban said. Latest data from the BPI showed that the country’s red onion inventory as of August 15 stood at 49,750 MT.

The Bureau of Plant Industry (BPI), an attached agency of the Department of Agriculture (DA), said the government will release the final import volume in October.

Apart from being inclusive, Remolona said security is a top priority.

The BSP has worked on a cyber resilience plan and the Anti-Financial Account Scamming Act (Afasa) will help prevent fraud and protect sites from cyber attacks.

Remolona said this, in turn, will help build trust in the financial system.

The latest Credit Perception Index (CPI) released by TransUnion stated that Filipinos continue to suffer from “trust issues” when accessing credit whether through traditional banks or online financial institutions.

The QR PH and PalengQR PH has enabled tricycle drivers, market vendors, and sari-sari stores to accept online payments and not be limited to cash transactions. Along with their customers, these workers and businesses can also make payments online using their mobile phones.

Torre relieved, Nartatez takes over top PNP post

By Claudeth Mocon-Ciriaco

GEN. Nicolas Torre III has been removed as chief of the Philippine National Police (PNP), a “difficult but necessary decision,” made by President Ferdinand Marcos Jr., according to Interior Secretary Juan Victor “Jonvic” Remulla.

In a press conference on Tuesday, Remulla formally announced that Torre, who officially assumed his post on June 2, 2025, was relieved of his duties.

The President, Remulla said, believes that his national security apparatus must always “work within the framework of the law.”

“With the recent developments, the President was presented with the facts and he determined that the best course of action is to uphold the role of Napolcom [National Police Commission] as it was intended by law. As part of this resolution, the President decided to relieve PGEN Torre,” Remulla said, stressing that the decision was not an “easy” choice, but it was made in the “national interest.”

The order from Malacañang for Torre’s removal, dated August 25, 2025, read: “You are hereby relieved as Chief, PNP effective immediately. For the continuous and efficient delivery of public services in the PNP, you are hereby directed to ensure proper turnover of all matters, documents and information relative to your office.” It was issued by Executive Secretary Lucas Bersamin. Torre was replaced by Police Lieutenant General Jose Melencio C. Nartatez Jr., whom he ordered removed as deputy chief for administration on August 6, appointing him as head of the Area Police Command (APC) in Western Mindanao. Remulla said the President is committed to ensuring a unified direction and collaboration across all areas in his cabinet, particularly those responsible for delivering security, peace, and order.

PNP welcomes appointment

THE PNP, meanwhile, acknowledged the directive from Malacañang on the relief of Torre, “effective immediately.”

Likewise, the 228,000-strong

force of the PNP said it welcomed the appointment of Nartatez and will extend “full support to his leadership.”

It added: “We assure the Filipino people that despite this transition, the PNP remains steadfast in its mandate to serve and protect with professionalism, integrity, and accountability. Our operations and services to the public will continue without disruption.”

The PNP also appealed to the public to avoid speculation and the spread of unverified information, apparently referring to the controversy surrounding Torre’s sudden removal.

Earlier, Torre ordered the reshuffle of Nartatez, including 13 senior police officials. This was blocked by the Napolcom which issued Resolution 2025-0531 on August 14. The Resolution ordered the reinstatement of Nartatez and of Lieutenant General Bernard Banac as the commander of APC in Western Mindanao.

‘Great relationship’ MEANWHILE , Remulla denied that there had been a disagreement between him and Torre and said they had a “great relationship.”

“Our relationship, I would care to say that it is stellar, we have never had disagreements,” Remulla added. He also said that Torre neither violated the law nor is being charged administratively.

Remulla also revealed that Marcos is eyeing another position for Torre.

“The President expresses his thanks and gratitude to PGen Torre, as his brief tenure brought new life and energy into the PNP,” he said. Citizen security strategy NEVERTHELESS, Remulla said, the “mission” must continue and Filipinos must be safe.

“To this end, the President has directed the incoming PNP Chief, together with the Secretary of the DILG [Department of the Interior and Local Government], to present within one month a comprehensive citizen security strategy focused on increasing police presence throughout the country and ensuring that

“No matter how good or bad some of your processes are, you need to have the trust of somebody. Otherwise, they’re not going to use your product, they’re not going to borrow from you. So that’s really what’s borne out in the survey results,” Faulhaber said.

Meanwhile, Remolona said, another important aspect is to innovate to keep the financial system relevant.

This means smart technologies such as open finance, including tools like the Personal Equity Retirement Account (Pera).

“At the BSP, we like to keep things simple. We like smart innovations that solve real problems,” Remolona said.

“The BSP can’t be the only game in town. The FinTech Alliance plays a vital role. You are the builders, the connectors, the innovators. We need your help to future-proof our financial system,” he, however, said.

In his welcome remarks on Tues-

Villanueva said FinTech Alliance has a framework for responsible innovations that focus on creating technology for good, for growth, for all, and for trust.

“When technology works for good, for growth, for all and for trust, it doesn’t just innovate, it transforms economies and societies. This is our moment,” Villanueva said.

“We are called to change through innovation, to evolve with technology, to lead the charge for a digital revolution. It’s time to forge a new global order, not someday, but today, here together,” he added.

Creating technology for good means solving real world problems while upholding “zero tolerance” for the misuse of digital payment platforms such as online gambling and illegal businesses.

Technology for growth means creating solutions that help support the country’s aim to become a $1trillion economy by 2033.

Villanueva also said creating technology for all means making

“For red [onions], we have a three-month deficit, so the estimate is around [50,000] MT for this year,” BPI Director Gerald Glenn Panganiban told the BusinessMirror on Tuesday.

He also explained the rationale behind authorizing the importation of yellow onions.

“We have a five-month deficit from August to December, then we maintain a buffer stock of around two months, which is why the total reached 35,000 MT,” he said.

Agriculture Secretary Francisco Tiu Laurel Jr. earlier allowed the importation of 25,000 MT of yellow onions this month, which Panganiban clarified forms part of the 35,000 MT volume needed to plug the deficit along with some buffer stock.

The BPI chief noted that the agency’s decision is based on its

With a daily consumption of around 585 MT, they agency projects that the stocks would only last for around 85 days or until November 8. Meanwhile, yellow onion stocks were estimated at 1,142 MT in the reference period, based on BPI data.

Following the authorized shipments of the onion variety, BPI said the Philippines is expected to receive 6,140 MT as of August 16.

The agency projects that the country’s additional yellow onion supplies would last for about 50 days or until October 4, given its daily consumption of about 146 MT.

The retail price of local red onions ranges from P135 per kilo to P175 per kilo, based on the latest government price monitoring report. Local white onions are sold in Metro Manila markets between P110 per kilo and P180 per kilo, while the price of imported white onions in certain markets stood at P100 to P200 per kilo.

By Bless Aubrey Ogerio @blessogerio

THE country’s capital ranked fifth in Southeast Asia (SEA) in the 2025 Smart City Index of the International Society for Urban Informatics (ISUI), placing 63rd worldwide and 17th among Asian cities as the list expanded to 73. Manila fell 19 notches from its 44th place in the 2024 report, which covered only 50 cities. Its score translated to 86.3 percent, compared with 88 percent last year, indicating a performance that remained nearly steady even under stricter benchmarks. In the subregion, Singapore led at 21st overall, followed by Kuala

Lumpur at 46th. Across Asia, Tokyo, Japan ranked the highest at fifth worldwide, while Hong Kong came next at eighth.

Globally, Stockholm, Sweden secured the top spot, with Washington, D.C. in second place and Barcelona, Spain in third.

According to ISUI, the index measures how smart city development contributes to efficiency, sustainability and quality of life. Its framework is built on six dimensions, including citizen, environment, social landscape, economy, infrastructure, and governance, which are assessed through 97 indicators.

Cities were chosen to represent different regions and economies: 25 in Asia, 23 in Europe, 13 in North

America, and four each in Africa, Oceania and South America.

The 2025 edition used only publicly available statistics, third-party data, and official media sources.

Compared with the 2023 edition, ISUI said the index broadened its conceptual foundation to link historical functions of cities, such as commerce, environment and settlements.

“This evolution enables us to bridge historical urban functions with contemporary needs, providing a coherent and scalable framework for indicator development,” ISUI said.

Local efforts THE Philippines’s path to building smart cities will depend less on im-

posing high-tech systems and more on addressing everyday urban challenges. At the third International Smart City Exposition and Networking Engagement (iSCENE) in Cauayan City, Isabela, in May, Department of Science and Technology (DOST) Secretary Renato Solidum Jr. said communities should not be passive recipients of innovation.

The DOST defines a smart city as an “integrated, adaptive, and responsive system” where people, institutions, infrastructure and policies are synchronized toward shared goals through the aid of technology.

Meanwhile, American firm Vantiq pointed out in a July conference

Editor: Jennifer A. Ng

Companies

BusinessMirror

B1 Wednesday, August 27, 2025

SMC unit buys more shares of Meralco from Landbank

By Lenie Lectura @llectura

SAN Miguel Global Power Holdings Corp. (SMGP), the power arm of Ang-led San Miguel Corp. (SMC), acquired more shares of the Manila Electric Co. (Meralco) from Land Bank of the Philippines (Landbank).

On Tuesday, SMGP said it purchased 1,034,624 common shares of Meralco from Landbank through a special block sale crossed through the stock exchange last August 22. The parties executed this deal via a deed of absolute sale. Meralco shares closed at P537 apiece.

board had discussed SMGP’s recent acquisition of Meralco shares. However, there was no decision yet regarding the company’ next move.

Corp.], EERI [Excellent Energy Resources Inc.] and Ilijan Primeline Industrial Estate Corp. [IPIEC], following the completion of the Chromite Transaction,” SMGP reported.

It can be recalled that the three big power firms entered into a $3.3-billion gas deal. The transaction involves the 67-percent stake acquisition of Chromite Gas Holdings Inc. (CGHI) in SPPC, EERI, and IPIEC.

SCGHI is 60-percent owned by Meralco PowerGen Corp. (MGen) and 40-percent owned by Therma NatGas Power Inc. (TNGP).

This move came after the Court of Appeals (CA) released its decision regarding the share purchase agreement between Landbank and SMGP executed in December 2008. Back then, Landbank withdrew the deal. Thereafter, SMGP brought this matter to the CA, which later ruled in favor of the power firm.

Meralco Chairman Manuel V. Pangilinan said previously that the

Last month, SMGP acquired a 3.8-percent stake in Meralco for P3.9 billion from Landbank. The shares were transacted on the Philippine Stock Exchange through the deed of absolute sale, which contained the terms and conditions mutually determined by and acceptable to both parties.

“We just look at the options. It really depends on what San Miguel wants. Of course, they’re welcome to become shareholder,” said Pangilinan. “We have to wait as to what he (Ramon S. Ang) intends to do with it. We have not spoken to him about it.”

SMGP posted a P34.57-billion net income at end-June this year from P7.43 billion in the same period last year. The 365-percent increase was brought about by a revaluation gain from the joint agreement forged with Meralco and Aboitiz Power Corp.

“This surge was primarily driven by the revaluation gain recognized from the dilution of equity interests in SPPC [South Premiere Power

The deal also involves CGHI and SMGP acquiring 100 percent of Linseed Field Corp. (LFC) to operate a liquefied natural gas import and regassification terminal in Batangas City.

As a result, CGHI will own 67 percent of SPPC, EERI, and IPIEC, while SMGP will retain a 33-percent stake in these entities and gains a corresponding interest in LFC.

LFC is a local unit of global infrastructure firm Atlantic, Gulf & Pacific Co. while SPPC owns and operates 1,278-megawatt Ilijan power plant.

CPG makes big bet on Mindanao

By VG Cabuag @villygc

HIRST Park Homes Inc.,

Pthe horizontal developer of Century Properties Group Inc. (CPG), on Tuesday said it will enter the Mindanao market through a P5.3-billion project in General Santos City.

The company said its first project is a 25-hectare master planned community located in Brgy. Baluan, which is accessible via the Sarangani-Davao del Sur Coastal Road. Phirst Park Homes Gen San will have 2,000 units, the company said.

to well-planned amenities that promote recreation and togetherness, as well as generous open spaces spread across the development for ease of access and enjoyment,” the company said.

designed to deliver nearly 1,500 homes, set the stage for Phirst’s regional growth.

This month, the project is on track to turn over its first batch of homes.

Y-LED SM Group is looking at expanding its commitment to pursuing renewable energy (RE) with the possibility of venturing into wind power.

“The group is likewise exploring wind energy opportunities,” it said in a statement Tuesday. It did not elaborate.

SM Investments Corp. (SMIC), the parent company of the SM Group, recently reaffirmed its commitment to RE as a long-term growth driver.

Company president and CEO Frederic C. DyBuncio underscored the group’s focus on expanding its RE initiatives through its energy arm, Philippine Geothermal Production Company Inc. (PGPC).

“We are focused on geothermal energy production, which is baseload and runs 24/7. Production has been doing well, and with a new rig in place, we are building capacity to develop more sites,” DyBuncio said. PGPC currently operates the geothermal steam fields in Tiwi, Albay and MakBan in Laguna and Batangas. It is also advancing five new concession areas, including Mt. Malinao in Albay, where three wells have already been drilled. SM’s clean energy commitment also extends across its other businesses. Carmen Copper Corp., a unit of Atlas Consolidated Mining and Development Corp., recently commissioned the country’s first megawatt-scale floating solar facility in Toledo City, Cebu. Covering three hectares on the Malubog Reservoir, the installation generates 4.99 MW of renewable power, meeting about 10 percent of the copper mine’s energy needs. Lenie Lectura

Fund Launches Super Sale, Offers Up to 40% Discount on Acquired Assets

PThe second is Dua, a singleattached unit with a 48 square meter floor area on a 77- square meter lot area. The unit is priced starting at P2.8 million.

Each home is expandable to accommodate the needs of a growing family, the company said.

“Families can look forward

The project will feature two of company’s popular house models. The first is Amani, a townhouse with a 36 square meter floor area on typical lot areas ranging from 44- to 60.5 square meters. The said unit costs between P1.8 million to P2.1 million.

The Peninsula Manila taps clean energy from MPower

MPOWER , the local retail electricity supplier of the Manila Electric Co. (Meralco), has been tapped by The Peninsula Manila to power the iconic five-star hotel in Makati City with renewable energy (RE). This development makes The Peninsula Manila the second property in Southeast Asia, and the fourth globally, within the hospitality giant’s portfolio to transition to RE.

“This collaboration reflects our shared commitment to innovation and environmental stewardship. Our partnership serves as a benchmark for responsible business practices and inspires others to pursue a greener world for our future generations,” The Peninsula Manila Hotel Director Kevin Tsang said. Lenie Lectura

THREE Filipino firms—Enstack, Netbank and Xpress Super App—have made it into Forbes magazine’s 100 to Watch list, which spotlights small companies and startups on the rise across the Asia-Pacific region.

Enstack, which was founded in 2021 by Macy Castillo, is an artificial intelligence-based app that can be used to design web stores, including logos and writes product blurbs, intended for small- and mid-sized businesses.

Using Castillo’s experience at ecommerce giants Shopee and Zalora Philippines, the app also helps its clients manage invoices and payments, ship packages and track inventory.

“Enstack has been downloaded more than 100,000 times from Google Play and expanded this year into Thailand. It has raised $3 million in total funding from a range of backers including Xendit, Mangrove Capital Partners, BlackPine and Unifier Ventures,” Forbes said.

Netbank (A Rural Bank) Inc., meanwhile, was founded by Gus Poston in 2019. It offers digital financial services including loan

“Phirst’s expansion in Mindanao, through Phirst Park Homes Gen San, directly reflects our unwavering vision to empower Filipino families with access to quality homes,” Ricky M. Celis, Phirst president and CEO, said. “We see this as more than just an investment, it’s a real opportunity to help shape the future of a dynamic, emerging frontier.”

The company said the launch marks a new chapter in Phirst’s mission for nationwide presence.

In 2023, the brand expanded beyond Luzon with the launch of Phirst Park Homes Bacolod, its first development in the Visayas.

The 16-hectare community,

management, payments and disbursements, through a rural bank it acquired in 2019.

The bank counts Smart Money, TikTok and Lazada as clients and backers include Beenext and Kaya Founders. In the first half of 2025, NetBank swung to a net profit of P22.2 million from a loss of P34.9 million, thanks to strong loan growth and a rise in deposits, according to the company.

Xpress Super App, founded in 2022, offers ride-hailing, delivery and courier services via its app, with plans to add flight and ferry bookings, reservations for activities and a digital payment option.

Cofounded by Jean Henri Lhuillier, president and CEO of PJ Lhuillier Group, and AppFactorie founder Nathan Taylor, the company rolled out 40 BYD electric and hybrid vehicles for hire in May with plans to

Long recognized for its vast potential, Mindanao is rapidly emerging as a strategic economic powerhouse, fueled by extensive government investments in infrastructure. Among these is the highly anticipated Mindanao Railway Project, which will connect major cities, streamline regional transportation, and enhance global connectivity.

Such developments are opening new economic corridors and driving robust regional activity across provinces and key urban centers, making Mindanao one of the most attractive and promising markets in the real estate industry, the company said.

startups list

further expand its green fleet.

“Through the group’s financing arm, drivers can access loans to own their EV. The app has over 100,000 downloads in Google Play, while a separate app to support its driver community has over 10,000 installs,” Forbes said.

Forbes said its list offers a window into the world of startups and small companies in the Asia-Pacific region. A total of 16 countries and territories are represented on this year’s list. India leads the pack with 18 companies, followed by Singapore and Japan with 14 each, China with 9, Indonesia and South Korea with 8 each and Australia with 7.

For the selection of the list Forbes Asia said it solicited online submissions, and invited accelerators, incubators, universities, venture capitalists and others to nominate companies as well. To qualify for consideration, companies had to be headquartered in the Asia-Pacific region, be privately owned for-profit ventures, and have no more than $50 million in annual revenue and no more than $100 million in total funding through August 15. VG Cabuag

AG -IBIG Fund has launched its Acquired Assets Super Sale, offering more than 30,000 foreclosed properties at significantly reduced prices. The Super Sale is part of the agency’s initiatives under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program and aims to expand access to ready-for-occupancy homes for Filipino workers.

The promo offers up to 40% discounts on occupied units and up to 35% on unoccupied units, creating more affordable homeownership opportunities for Filipino workers. It also allows current occupants of foreclosed properties to legitimize ownership at a lower cost. The limited-time offer runs from Aug. 25 to Dec. 14, 2025.

“I commend Pag-IBIG Fund for once again heeding the call to provide additional, practical options for Filipino workers to achieve homeownership at a lower cost,” said Department of Human Settlements and Urban Development Secretary Jose Ramon P. Aliling, who chairs the 11-member Pag-IBIG Fund Board of Trustees. “Through this Acquired Assets Super Sale initiative, PagIBIG Fund is able to offer more home options by integrating foreclosed properties into the Expanded 4PH housing pipeline, thereby expanding access to affordable, ready-for-occupancy homes. This effort reflects, once again, our commitment to the national housing agenda of President Ferdinand R. Marcos Jr. under a Bagong Pilipinas.”

Pag-IBIG Fund already offers its acquired assets under discounted terms, but through this special promo, discounts have been increased across all payment modes. Occupied properties now receive an additional 10% discount, while unoccupied units enjoy an extra 5%.

For example, for occupied properties under negotiated sale, cash purchases now receive 40% off, up from 30%. Short-term installment payments come with 30% discounts, up from 20%, while purchases through Pag-IBIG housing loans are now offered at a 20% discount, double the previous 10%.

Unoccupied properties have also become more affordable, with discounts raised to 35% for cash buyers, 25% for short-term installment buyers, and 15% for those using PagIBIG housing loans.

The Super Sale is open to all buyers, whether Pag-IBIG Fund members or non-members, including current occupants of foreclosed units. Eligible Pag-IBIG members, particularly minimum- and low-wage earners and Overseas Filipino Workers, may also avail of the Pag-IBIG Housing Loan under the Expanded 4PH Program, which features a subsidized 3% interest rate for the first five years of the loan term. This makes it even more affordable to purchase acquired assets, provided the net selling price falls within the P850,000 ceiling for house-and-lot units and P1.8 million for condominium units. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta affirmed the agency’s commitment to its mandate of providing affordable home financing for members.

“By offering larger discounts through our Pag-IBIG Acquired Assets Super Sale, we are giving more Filipino workers even more opportunities to finally own a home,” Acosta said. “This is also the best time for current occupants of our foreclosed properties to settle with Pag-IBIG Fund and become legitimate homeowners. We will issue them with invitations to purchase or lease the property they currently occupy, so that they can legalize their tenure and finally gain peace of mind in having a home to call their own. And, if they are unable to purchase the property even with the discount we offer, they may still opt to lease the property for up to three years.” To promote transparency and broaden participation, Pag-IBIG Fund has also launched its Centralized Online Public Auction platform, enabling interested buyers to browse, bid, and purchase properties entirely online.

“Just in time for the Super Sale, we have enhanced our auction system to make the process fully digital,” Acosta added. “Members can now browse property listings, submit bids, and complete purchases through a fast, transparent, and user-friendly platform. New batches of properties will be posted every week until December 14, giving

FREYA INGRID MORALES/BLOOMBERG

Editor: Vittorio V. Vitug

Young guns leading the pack: Penshoppe’s new generation of leaders takes center stage

By Rizal Raoul S. Reyes @brownindio

It’s about what you tolerate

IS discipline and teamwork a concern in your workplace? If so, then know that you’re not alone. In fact, time and again, sales leaders ask for advise regarding these matters. The usual recommendations include the following: clearly communicate expectations and lead by example. But ultimately, it’s actually all about what you tolerate.

Clearly expectationscommunicate

“EFFECTIVE teamwork begins and ends with communication” (Mike Krzyzewski, Hall of Fame collegiate and Olympic basketball coach), and so does discipline within the team. Sales leaders need to clearly communicate expectations—however, it does not end with mere “announcements.” You need to get your team’s buy-in on the direction that you are taking them. This involves getting the team to understand and embrace the boundaries and rules that you set. It will also help if you can get them to contribute ideas on how to effectively carry this out. As author and CEO Pat McMillan once said, “Excellent communication doesn’t just happen naturally. It is a product of process, skill, climate, relationship and hard work.”

Lead by example

IT is not enough to let your team know and understand the rules. As sales leaders, you need to also lead by example. According to John Maxwell, “A leader is one who knows the way, goes the way, and shows the way.” The team needs to know and be assured that the rules you’re setting with them are indeed doable by actually going through the process of adhering to each item personally. Leading by example does not only allow the team to gain confidence and encouragement in

adhering to rules, it will also enable you to navigate the whole process effectively and efficiently. By initially going through the process, you will be able to anticipate potential risks and provide solutions for each areas of concern. Remember, the best gift you can give your team is the gift of a good example. It’s all about what you tolerate ULTIMATELY, getting your team to adhere to the process (discipline) all boils down to what you tolerate as a sales leader. You may have clear-cut goals and lead by example, but if you allow people to break the rules, then you will go nowhere. In Jocko Willink’s book Extreme Ownership, he mentioned that “It’s not what you preach, it’s what you tolerate.” In other words, a sales leader’s true impact is shown by the behaviors and performance standards they allow and accept, not by their stated values or words. It’s not simply about walking the talk, rather, it’s about not tolerating behaviors that fall below your yardstick of excellence. Hence, if you’d like to have a rapid assessment of your leadership in terms of discipline, make a list of things that you tolerate. Are you performing below standards? Or are you the type of leader who can bring the team to higher grounds?

Alexey Rola Cajilig is the Founder, President & CEO of ARCWAY Consultancy Inc., and Senior Vice President & COO of EM-CORE DOTNET Inc. He is a Sales Leadership Coach, Strategic Sales Operations Consultant, Christian Motivational Speaker, Human Ecologist and Author of Life is a Classroom, The Effective Seller, Solving the Sales Puzzle and Practical Market Intelligence. He is also the creator of ARCH Styles, a behavioral and personality assessment & discovery tool. If you have questions and suggestions, you may connect with him at https://www. facebook.com/coachlexey and at https://www. linkedin.com/in/alexey-rola-cajilig.

Heaven’s Bakehaus of Iligan City wins Presidential Award for Outstanding MSMEs with DOST support

LIKE a mentor watching their student rise to success, Department of Science and Technology (DOST) Northern Mindanao is proud of Heaven’s Bakehaus for turning small beginnings into a big success story. From a humble P5,000 capital and a team of three in 2012, Heaven’s Bakehaus has grown into a nationally recognized. Owned and managed by Mr. Marc T. Claro and his wife Roly Ann, this favorite bakeshop in Iligan City is more than just a business—it has become a livelihood platform for out-of-school youth, working students, single mothers, persons with disabilities, and senior citizens. Their signature “Piaya de Iligan” has since become a symbol of both local pride and opportunity. With the support of the DOST through the Small Enterprise Technology Upgrading Program (SETUP)— Phase I in September 2016 and Phase II in March 2022—Heaven’s Bakehaus achieved remarkable milestones: securing its FDA License to Operate, boosting sales, extending product shelf life, and diversifying its offerings with DOSTFNRI technologies.

In 2023, Heaven’s Bakehaus earned national recognition by winning the SETUP PRAISE Award and the Most Agile Enterprise. Building on this momentum, the company reached an even greater milestone this year: winning the Presidential Awards for Outstanding MSMEs (Micro Enterprise Category), conferred at Malacañan Palace on August 18, 2025. Organized by the MSMED Council pursuant to the Magna Carta for MSMEs, this prestigious award honors enterprises that exemplify business excellence, resilience, ingenuity, and meaningful contributions to community and industry growth. Today, Heaven’s Bakehaus continues to pay success forward by uplifting fellow MSMEs through its pasalubong center, proudly carrying other DOST-assisted brands such as Dackie’s Food Products, Pepay’s Food Products, and Margeurie’s House of Goodies. The DOST Northern Mindanao family celebrates this well-deserved victory with you, Heaven’s Bakehaus—a true example of how science, technology, and innovation can transform lives and communities.

YOUNG guns are leading the Penshoppe brand.

Golden ABC, Inc. has gone a long way since it was established in 1986. As the saying goes, the journey of a thousand miles begins with a single step. With an initial workforce of 40 people, GABC and its flagship brand Penshoppe opened a single store in Cebu, which launched Penshoppe, a ready-to-wear clothing line.

GABC broke into the national scene in 1991 by opening its first boutique in SM North Edsa, then the largest mall in Manila.

Since then, GABC was on a roll. It has emerged as a major fashion brand for more than three decades. Furthermore, Golden ABC expanded significantly, evolving into a multiawarded international fashion company. It now operates over 1,000 strategically located stores across Southeast Asia and employs over 6,000 people to serve its diverse brands.

Following a year of headlinemaking campaigns and global celebrity collaborations, Penshoppe—the flagship brand of fashion retailer GABC, is beefing its presence, reach, and cultural relevance to an unprecedented level.  sending a clear message: the brand is doubling down on its presence, reach, and cultural relevance like never before.

Moreover, Penshoppe is now entering its most dynamic era yet, driven by a new generation of leaders guiding GABC into its next phase of growth. The time has come for the young guns to take the reigns of leadership

The management recently appointed Brandon Liu as vice president. Furthermore, this is the new wave of leadership is most evident in the way Penshoppe has evolved

its voice and footprint. From securing top-tier international endorsers like Gigi Hadid, Kendall Jenner, NCT Dream, and Lisa of Blackpink, to launching breakthrough local partnerships with acts like P-Pop group BINI, the brand has mastered the art of relevance—cutting through global and local pop culture with equal impact.

After a successful tenure as Brand Director Brandon was recently appointed vice president. He is one of the children of GABC founders Bernido “Bernie” Liu and Alice Liu. With experience spanning operations, product development, and brand management across GABC, Brandon is ready and capable of bringing a well-rounded, crossfunctional perspective to the role. His leadership combines strategic clarity with creative instinct—fueling Penshoppe bold, values-driven evolution through trend-savvy campaigns, digital innovation, and purposeful storytelling that resonate with Gen Z and millennial consumers.

“We’ve built Penshoppe to resonate globally while staying rooted in Filipino identity. As we move forward, our focus is to remain as relevant as ever—and to keep delivering what our customers expect from us as a market leader: on-trend

fashion, culturally attuned collaborations, and brand experiences that are both globally competitive and uniquely our own,” he said.

Penshoppe’s evolution is not happening in isolation. Across GABC, the next generation of leaders are taking on greater roles in driving transformation.

Also, Bryan, and Brandon’s brother, Vice President for Strategy and Operations will head the company’s integrated approach to sales, marketing, customer experience, supply chain, and innovation—ensuring brand consistency and operational agility across over 1,000 stores and key global markets.

Further, Bryan has been instrumental in Penshoppe’s continued growth—aligning strategy with brand vision to keep it agile, competitive, and connected to evolving consumer needs.

Under his leadership, GABC has embarked on a digital-first, innovation-led agenda—with Bryan actively encouraging Penshoppe to lead the way in shaping how the company connects with the next generation.

“My role is ultimately about stewardship, ensuring that the Penshoppe Group continues to evolve while staying anchored to the purpose that has guided us from the beginning: inspiring greatness. We believe in using our business as a vehicle for good— empowering people, elevating Filipino talent, and creating meaningful impact through the brands we build,” said the elder Liu.

Together, Brandon and Bryan— both of whom sit on GABC’s Board of Directors—represent the nextgeneration vision and vigor of the company, balancing deep-rooted purpose with bold, forward momentum. With the two brothers in the forefront, PGABC is making it clear: it’s not just adapting to the future of retail—it’s shaping it. Brandon graduated with a degree of Bachelor of Commerce, Economics and Finance at the University of Sydney in Australia. Meanwhile, Bryan obtained a Bachelor of Science major in Commerce, extended major in Marketing. Moreover, Bryan finished an Executive Education, Driving Corporate Performance at the Harvard Business School.

The Penshoppe Group—formally known as GOLDEN ABC, Inc. (GABC)—is a multi-awarded international fashion enterprise that is home to top proprietary brands shaping the retail industry today. Produced, marketed, and retailed under a fastgrowing, dynamic family of welldifferentiated, proprietary brands: PENSHOPPE, OXGN, FORME, MEMO, REGATTA, and BOCU. Originating in the Philippines in 1986, GABC now has over a thousand stores, as well as presence in different countries across the globe. Golden ABC is recognized for a winning culture focused on worldclass brands, operational excellence, and stewardship, while adhering to core values of integrity and professionalism.

Drip and Bites builds sweet success and community impact with TikTok shop

AGLIMPSE into the day-today work that powers Drip and Bites’ growing cookie business.

Drip and Bites, a small but fastgrowing cookie business, is proving how purpose-led entrepreneurship and digital innovation can come together to drive real community impact.

What started as a pandemic-born venture between siblings has since transformed into a thriving enterprise that empowers underemployed Filipinos, with TikTok Shop serving as a key platform for its growth.

Founded by siblings Precious Silva and her brother PJ in 2020, Drip and Bites emerged from a simple idea: to create a product that was affordable, accessible, and meaningful. “We looked at what we could develop that would be cost-effective, rooted in what we love, and able to provide a livelihood to others,” Silva shared. “Cookies became our starting point, and they turned out to be the right choice.”

From kitchen to cart: How TikTok shop made scaling possible

WHILE the product gained traction among early customers, joining TikTok Shop opened the door to nationwide growth. By tapping into the platform’s unique blend of content and commerce capabilities, Drip and Bites was able to connect with a wider audience while navigating the logistical challenges of traditional retail.

“TikTok Shop allowed us to reach customers across the country without needing to set up shop in differ -

ent locations,” Silva noted. “It also helped us connect with affiliates and resellers who support our growth. As a small business, it’s been a practical and powerful way for us to expand our reach while staying focused on product and quality.”

The platform’s impact extended beyond online engagement, with Drip and Bites’ content helping create brand recall that translated to offline visibility. “People would visit our booth at mall pop-ups just because they had seen us on TikTok. It became one of our most effective marketing channels,” Silva added. “There’s a strong connection between our presence on TikTok and how people engage with us in real life.”

Drip and Bites exemplifies the kind of entrepreneurial success that social commerce can unlock for micro, small, and medium enterprises (MSMEs). As more Filipino consumers shift to mobile-first, content-driven platforms for both discovery and shopping, MSMEs

are finding new ways to engage customers and grow sustainably.

“Drip and Bites is a powerful example of what happens when local entrepreneurs leverage the full potential of TikTok Shop, from content creation to direct selling and affiliate marketing,” said Franco Aligaen, Marketing Lead at TikTok Shop Philippines. “Their story shows how small brands can grow, inspire, and drive community development all at once.”

A platform for MSME growth EVEN as the business grows, Silva remains committed to ensuring the brand’s original values remain central to its mission. “We’re proud of the cookies, but even prouder of what we’ve built for the people behind them,” she shared. “With the right tools and platforms, Filipino businesses like ours can thrive and bring others along the way.” From the outset, the business was

built with a strong social mission. Rather than hiring based solely on prior experience, Silva sought to recruit members of the local community who might otherwise be overlooked in traditional hiring processes, including out-of-school youth and full-time homemakers. Drip and Bites then developed internal training programs to help these individuals grow into key roles within the company.

“We asked ourselves who we could develop, not just who was immediately qualified,” Silva explained. “Once we trained them, we saw how capable they were. Today, many are at the heart of our operations, and their growth is directly tied to ours.”

One of those team members is Ma. Concepcion Odonio, now a Mixer at Drip and Bites, who shared how the job gave her stability at a time when it was most needed. “Before this job, I didn’t have enough income for basic utilities. Now, I’m able to send my child to a semi-private school. It’s made a big difference.” What began with nine-cookie trial batches prepared in a modest kitchen has now scaled to daily production runs of up to 300 cookies. Each batch is handmade, based on original recipes, and proudly Filipino-made, a testament to what local entrepreneurship can achieve with the right support system.

With its strong brand story and community-centered approach, Drip and Bites stands out as a compelling case of how digital tools can fuel not only business growth but also social inclusion.

BRANDON LIU

Govt eMarketplace has raked in ₧405.667M in sales as of August

By Reine Juvierre Alberto @reine_alberto

THE government’s eMarketplace has raked in a total of P405.667 million in sales as of August, enabling state agencies to “add to cart” their purchases and speed up the procurement process.

Data from the Procurement Service—Department of Budget and Management (PS-DBM)

showed a total of 209 motor vehicles worth P405.667 million have been procured through the eMarketplace.

Broken down, 153 units of mo -

tor vehicles worth P289.935 million have been turned over to 50 government agencies. Meanwhile, 30 government agencies are still awaiting the delivery of 56 motor vehicle units, totaling P115.721 million in sales. All these orders allowed the agen-

cies to generate P10.276 million in savings compared to the market price.

When measured against the Authority to Purchase Motor Vehicle (APMV), or the budget ceiling for procuring agencies, savings increased to P27.430 million.

The eMarketplace currently offers motor vehicles as pilot commonuse supplies and equipment (CSE) to procuring entities.

A total of 83 motor units across all models and variants can be ordered, including multi-purpose vehicles, passenger and utility vans, sports utility vehicles, sedans, buses, mini buses and pickup trucks.

The DBM said more CSE items will be onboarded in the platform, such as airline tickets, cloud computing services, and software and licenses, among others.

The PS-DBM Virtual Store, another online ordering portal for CSE, will also soon be integrated with the eMarketplace system to further boost the platform’s offering of goods and products.

The eMarketplace is the government’s first and official electronic commerce platform, launched in December 2024.

The platform seeks to streamline the procurement process through features similar to the mainstream online ordering platforms that allow procuring entities to search, select, compare, purchase and review CSE.

It is expected to reduce procurement timeline, prevent corruption, improve competition, ensure bureaucratic efficiency and transparency and generate savings for the government.

T-bill yields sustain fall after PHL credit rating affirmed

TREASURY bill (T-bill) yields fell for the eighth consecutive week as investors priced in a reduction in the local key policy rate by the Monetary Board and took cue from the recent affirmation of the Philippines’s credit rating by the Rating and Investment Information Inc. (R&I).

On Tuesday’s public auction, the Bureau of the Treasury’s (BTr) auction committee fully awarded the P25 billion worth of short-term government securities up for sale. The T-bills fetched strong demand from investors, with total tenders amounting to P113.020 billion—4.5 times oversubscribed against the P25-billion offer.

The average yield of the 91-day T-bills settled at 5.195 percent, lower by 3.9 basis points from the previous week’s 5.234 percent yield. Yields were as low as 5.188 percent to as high as 5.200 percent Demand for the debt papers reached

P31.890 billion, 3.9 times higher than the P8-billion worth of T-bills auctioned. Meanwhile, the yield of the 182-day T-bills averaged at 5.398 percent, down by 3.7 basis points from 5.435 percent last week. The yield was between 5.388 percent and 5.413 percent.

Tenders for the 182-day government

IOUs amounted to P39.270 billion, of which P8 billion offered by the committee was awarded.

Lastly, the average yield of the 364day T-bills dropped to 5.522 percent, 4.2 basis points lower than the 5.564 percent set in the previous week. Yields varied from a low of 5.518 percent to a high of 5.530 percent.

All three tenors’ average yields were also lower than the secondary benchmark rates. The Philippine Bloomberg Valuation (PHP BVAL) rates are 5.258 percent for the three-month tenor, 5.483 percent for the six-month debt paper and

Bitcoin nears seven-week low as investors shift focus to Ether

THE Bitcoin sank to its lowest level in nearly seven weeks as the token retreats further from a record set in mid-August.

The largest cryptocurrency fell as much as 0.8 percent to $108,719 in early Asia trading on Tuesday before trimming some losses, while slipping below its 100-day moving average, according to data compiled by Bloomberg.

The decline comes with Ether gaining momentum as the hot pick for digital-assets traders, after it hit an all-time high of $4,955 on Sunday. Ether has also pulled back somewhat since the weekend, even as investors pile up bets that the second-largest token will continue to climb.

In August, US Bitcoin exchangetraded funds saw over $1 billion in net withdrawals, while Ether-linked funds drew inflows of $3.3 billion, in the clearest sign yet of an investor rotation in Ether’s favor.

For now though, backers of both tokens are nursing losses.

“It’s been a bloody start to the week for the majors, with over $900 million in liquidations across crypto markets,” said Sean Dawson, head of research at Derive.xyz. “The majority came from ETH ($324 million) and BTC ($209 million), and nearly all were long positions forced underwater after a broad-based correction.”

Derivatives data also suggests caution is building. Dawson noted that the 25-delta skew—a gauge of whether traders are paying more for downside protection than upside exposure—has turned negative for both Bitcoin and Ether, showing stronger demand for puts over calls. Traders are bracing for possible retests of $100,000 in Bitcoin and $4,000 in Ether, he added. Bitcoin was trading at $110,095 and Ether at $4,420 as of 7:24 a.m. in London last Tuesday.

5.599 percent for the one-year tenor as of August 26. Yields of T-bills declined as markets expect that the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board will cut the key policy rate by 25 basis points during its rate-setting meeting on August 28.

Rizal Commercial Banking Corp.

Chief Economist Michael L. Ricafort said this is widely expected since inflation has been under control partly because of lower global oil prices and a stronger peso. Ricafort said the recent affirmation of the Philippines’ credit rating of “A-“ by the Tokyo, Japan-based R&I also caused the yields to ease.

The market is also expecting the possible inclusion of Philippine sovereign bonds in the JPMorgan Global Emerging Market Bond Index that could lead to some purchases by foreign investors, according to Ricafort.

Moreover, the government recently

wrapped up its recent retail treasury bond (RTB) issuance, causing investors to turn back to T-bills and boosting demand, Ricafort added.

A large chunk of government securities will also mature on September 9, adding P288.7 billion in liquidity to the bond market.

So far, the government has borrowed a total of P1.591 trillion in the first half of this year. About P1.189 trillion was obtained from domestic creditors, while P402.351 billion came from foreign lenders.

Every Monday this month of August, the Treasury will borrow P100 billion from its offering of T-bills to generate funds for the government to plug its deficit.

Outstanding debt of the government climbed to P17.27 trillion as of end-June, 11.5 percent higher year-on-year from P15.483 trillion. Reine Juvierre S. Alberto

BIR to probe contractors in flood control projects

THE Bureau of Internal Revenue (BIR) warned contractors tagged in anomalous flood control projects found evading taxes will lose their contracts and be barred from future government deals.

Internal Revenue Commissioner

Romeo D. Lumagui Jr. has instructed all BIR offices to conduct a parallel audit of the contractors linked to government’s flood control projects.

Contractors found to have underpaid or evaded tax payments will not be issued an updated tax clearance, will be disqualified from joining future government procurements and will have the final settlement of their existing contracts suspended, Lumagui said.

“The BIR will undertake a parallel investigation of contractors implicated in irregular flood control projects. We will support the President’s crusade by auditing the tax returns and payments of these entities,” Lumagui was quoted in a statement as saying.

The statement read the BIR chief’s order enforces Revenue Regulation 17-2024, requiring government contractors to obtain an updated tax clearance before the final settlement of any government contract.

The clearance certifies that contractors have no outstanding tax liabilities and have duly filed and paid all applicable taxes.

The updated clearance is also distinct from the initial tax clearance required during the eligibility phase of the procurement process.

The BIR said that failure to present such clearance will result in the suspension of contract settlement and the imposition of a tax lien over the contract amount in favor of the government, as provided under Sections 2 and 3 of the regulation.

These enforcement mechanisms are “intended to safeguard public funds from contractors who fail to comply with tax obligations,” according to the BIR.

Moreover, Section 235 of the Na-

tional Internal Revenue Code (Tax Code) empowers the BIR to conduct multiple audits within the same taxable year if fraud or irregularities are involved, as determined by the Commissioner.

“This provision is applicable to the contractors under scrutiny in connection with the anomalous flood control projects,” the BIR said.

Lumagui also warned against reports of “ghost” flood control projects, or contracts paid for but never constructed, saying the BIR will disallow cost claims and issue deficiency tax assessments against contractors confirmed to be involved.

“The BIR will ensure that all contractors in the country pay the correct taxes. They earn from projects funded by taxes collected from millions of Filipinos and businesses—it is unacceptable if they do not pay the right taxes,” Lumagui said. “If you know of any contractor not paying proper taxes, report them immediately to the BIR.”

President Ferdinand R. Marcos Jr. has ordered a deeper and comprehensive investigation into flood control projects after a series of flooding that occurred in the country. (See: https://businessmirror. com.ph/2025/08/11/marcos-only-15-contractors-got-lionshareof-flood-control-projects/)

Marcos issued the order as he launched a new website on Monday to encourage the public to participate in the investigation that is being conducted by the Department of Economy, Planning, and Development (DepDev) and other government agencies owing to the sheer number of flood control projects, which need to undergo audit.

To assist DepDev in auditing the flood control projects, Marcos launched the new iteration of the sumbongsapangulo.ph website that the public can to scrutinize flood control projects and report any issues in their implementation.

Reine Juvierre S. Alberto

Long US bonds fall as threat to Cook stirs inflation worry

LONG-dated US Treasuries fell as President Donald Trump intensified efforts to oust Federal Reserve Governor Lisa Cook, exacerbating investor concerns his attacks on the central bank’s independence and lobbying for lower interest rates will end up fanning inflation.

The yield on 30-year bonds rose, reflecting the market’s expectation that price pressures could heat up if Trump were to succeed in replacing Cook with a policymaker more inclined to lower borrowing costs. The President has repeatedly complained that Fed Chair Jerome Powell and his colleagues have been too slow to cut rates.

Trump’s move is a reminder that the US administration “remains unconventional and unpredictable,” said Andrew Ticehurst, senior rates strategist at Nomura Australia Ltd. The market is concerned the Fed board could become “stacked with doves,” boosting the compensation investors demand

to hold US debt as a buffer against higher inflation, he said.

Trump sought to remove Cook following allegations she falsified documents on a mortgage application. Cook said she will not resign and disputed Trump’s authority to fire her.

The push to dismiss Cook “is a good reminder that no institution in Washington can insulate itself from Trump’s bullying,” said Sarah Binder, political science professor at George Washington University. “Nor are claims of ‘independence’ sufficient to protect the Fed from Trump’s ambitions. The Fed needs defenders, especially bond traders.”

Two-year yields, which are among the most sensitive to monetary policy, fell amid speculation the Fed will cut interest rates as soon as next month. The gap between five and 30-year US yields widened to as much as 116 basis points—the steepest since 2021.

While the Fed has yet to lower borrowing costs this year, Powell

used his speech at the Jackson Hole symposium last week to indicate a rate cut may be warranted to support the labor market. On Monday, Federal Reserve Bank of New York President John Williams said the era of low neutral interest rates “appears far from over.”

Simmering tensions

THE latest development comes as tensions continue to simmer over the US budget deficit after the House passed a $3.4 trillion fiscal package that cuts taxes and curtails spending on safety-net programs. Traders will be watching to see how this week’s Treasury auctions, which include five- and seven-year tenors, are received by market participants.

When S&P Global Ratings recently affirmed the AA+ credit score of the US, it warned that the country’s ratings “could come under pressure if political developments weigh on the strength of American institutions and the effectiveness of long-term poli -

cymaking or independence of the Federal Reserve.”

Pressure on Cook follows an aggressive campaign by Trump to force Powell—whose term as Chair expires in May—to stand down early, with the search for h is replacement already underway. Trump appointed Council of Economic Advisers Chairman Stephen Miran, a long-time supporter, to serve the expiring term of Fed Governor Adriana Kugler, who resigned early this month. The Bloomberg Dollar Spot Index slipped in early trading but soon pared its losses. After falling sharply in the first half of the year, the dollar has largely stabilized since June. But Cook’s removal would be negative for the currency, said Carol Kong, a strategist at Commonwealth Bank of Australia in Sydney.

“It further challenges the independence of the FOMC that underpins the safe haven status of the dollar, which can in turn lead to more dollar selling,” she said.

Bank Marketing Awards to celebrate excellence

THE Bank Marketing Association of the Philippines (BMAP) announced that the Bank Marketing Awards (BMA), running on its sixth year, is now open for nomination.

In partnership with the Bangko Sentral ng Pilipinas (BSP) and the Financial Sector Forum, the BMA is open to banks operating in the Philippines and will be accepting nominations until September 26, read a statement the BMAP issued last Tuesday.

“The biennial BMA aims to recognize outstanding marketing and communication initiatives under -

taken by financial institutions to further elevate local bank marketing practices and encourage professionals to strive for excellence by highlighting best industry programs.”

According to the BMAP, this year’s BMA will have seven categories: Best Product Program”; “Best Brand Program”; “Best Electronic Channel Program”; “Best Digital Marketing Program”; “Best Financial Inclusion Program”; “Best Customer-Centric Product or Service”; and, “Best Sustainability Drive.”

The awards will be judged by the following independent and distin-

guished panel of judges comprised of marketing and communication experts and leaders: Former BSP

Deputy Governor Chuchi Fonacier, Grupo Agatep Chairman and CEO Norman Agatep, Hungry Workhorse Consultancy CEO Rey Lugtu and Forest Foundation Philippines Board Member Ma. Aurora Tolentino. Winners of the 6th Bank Marketing Awards will be announced in November.

“Over the years, the BMA program has become synonymous with recognizing banks that demonstrated commitment to advancing innovation, creative execution, raising

awareness on consumer education and protection, creating positive customer experience and value, and making banking affordable and accessible to Filipinos,” read the statement. “The BMA not only celebrates past achievements but also encourages banks to step forward and showcase their brand, marketing and customer-centric programs and initiatives.” For learn more about the awards criteria, nomination process and sponsorship opportunities, interested parties may e-mail the BMAP Secretariat at bmapsecretariat@ gmail.com

A BITCOIN logo at a cryptocurrency exchange in Barcelona. PHOTOGRAPHER: ANGEL GARCIA/BLOOMBERG

Less is the new more

MODERN life often feels like an endless race. We juggle work, family, friendships, personal goals, and the endless buzz of notifications. The result is that many of us end the day exhausted but not fulfilled. We check off items from our lists but wonder if we are moving closer to what truly matters. This is where the practice of essentialism comes in. Essentialism is the art of doing less but better. It is about choosing what is important and letting go of the rest.

At first, doing less sounds counterintuitive. Many of us were raised to believe that the busier we are, the more successful we become. But if everything is important, then nothing is. Imagine a plate overloaded with food. You might taste a little of everything but never fully enjoy the meal. Life works the same way. Spreading yourself too thin leaves little room to savor what is meaningful.

Practicing essentialism begins with a clear purpose. Ask yourself what truly matters in your work and in your personal life. For example, a manager may feel the pressure to attend every meeting, but by stepping back and identifying which discussions require their input, they free up time for deeper work that actually moves projects forward. A parent who feels guilty about not enrolling their child in multiple activities may realize that quality time at home is more impactful than a packed schedule. Saying no is a central part of essentialism. Many struggle with it because they do not want to disappoint others. However, every yes to something trivial is a silent “no” to something that matters more. For instance, saying yes to another late-night work email might mean saying no to rest or family time. Practicing polite but firm responses can help. Instead of agreeing immediately, say you will think about it. This pause gives space to decide whether the request aligns with your priorities.

Another way to apply essentialism is through simplifying your environment. Clutter in your surroundings often translates to clutter in your mind. Consider your workspace. A desk filled with piles of papers, old notebooks, and unused pens can make it harder to focus. Clearing away the nonessential items creates room for clarity. The same applies at home. Choosing to keep only items that add value or joy makes daily life calmer and more intentional.

Technology is another area where essentialism is useful. Many of us spend hours scrolling through social media, only to feel drained afterward. Instead of removing technology altogether, ask what is essential. Perhaps you decide to keep one or two platforms that genuinely connect you with loved ones or provide learning opportunities, while letting go of those that only consume time. Of course, recreational use of gadgets can also help you relax and decompress. Setting boundaries such as no phone during meals or turning off notifications at night can help reclaim

TRAVELING with one’s furry friends may cause unnecessary stress for both the owner and the pet, especially in a tropical country such as the Philippines.

To offer a versatile and ergonomic solution on the transport of our feline companions, 22-year-old Filipino visionary Enrico Miguel Velasquez created a smart pet carrier with active cooling.

“Cats are extremely sensitive to heat, and during travel, they’re often placed inside carriers that trap warm air with no temperature regulation,” he noted. “Most existing carriers are built only for containment, not for comfort or safety during hot conditions.”

Designed to ensure the well-being of cats and the convenience of fur parents during trips to the vet or outof-town family vacations, Peplab Active Cooling Carrier prioritizes airflow and is made from lightweight yet durable polypropylene.

Velasquez’s cat, named Pepper, was the main inspiration behind his capstone project. While they were in transit, he noticed his fur baby was panting heavily due to the sultry weather. All he wanted was to ease Pepper’s discomfort, but his options were limited as they were in a moving vehicle.

Shake Shack’s Spark chili menu brings the heat without the burn

By Pauline Joy M. Gutierrez

THE American fast casual restaurant global chain Shake Shack is turning up the spice dial with a new limited-time menu that leans into heat, crunch and a little madness.

The global brand has partnered with A Spark of Madness, the Hong Kong-born condiment line by chef-entrepreneur Simran Savlani, to give Shack favorites a chili oil twist.

Starting August 19, diners across Manila can try the Spark Chili Menu, which features chicken sandwiches, fries and hotdogs layered with Savlani’s bestselling Crispy Chili Oil.

Savlani, who grew up on bowls of instant noodles laced with China’s cult chili sauce Lao Gan Ma, said her recipe was born out of nostalgia. “I used to have Indomie (the instant noodle brand produced by the Indonesian company Indofood) and Lao Gan Ma every evening after school. So when it came to designing the first condiment, it had to be the chili oil. It had to be something that I eat every day,” she shared during the launch of the new menu at Shake Shack in Central Square.

Her version blends seven spices—Korean, Thai, and Indian chilies, Sichuan peppercorns, smoked paprika, and white pepper—yet keeps the heat level manageable. “I promise you, this is going to give you that full flavor without the [burn],” she said, rating it a 2.5 out of 5 on the spice scale.

At Shake Shack, the oil finds its way into a quartet of comfort food remixes. There’s the Crispy Chili Chicken, with a juicy fried chicken breast glazed in chili oil, topped with pickled cucumbers, lettuce, and scallion mayo. Bite-sized Crispy Chili Chicken Bites offer the same kick in snack form, while the Crispy Chili Cheese Fries and Crispy Chili Cheesedog pile on cheese sauce and generous spoonfuls of the chili oil for what Shake Shack describes as a “flavor bomb in bun or fry form.”

For Savlani, who trained at Le Cordon Bleu in Paris and launched her brand in the thick of the pandemic, this collaboration is about showcasing how condiments can be playful. “The whole thing behind all my condiments is that if something is occupying space in your fridge or in your pantry, you should be able to use it in lots of fun ways,” she said.

attention for what is meaningful. rather than breadth. Imagine reading 10 books hurriedly without absorbing much versus reading two books slowly and applying their lessons. The latter leads to growth and change. The same is true for relationships. Having a few close friends you invest in is more rewarding than trying to maintain dozens of shallow connections. The benefits of essentialism go beyond productivity. It reduces stress and increases satisfaction. When your energy is focused on fewer but more important things, you experience a sense of progress and purpose. You also allow yourself to rest without guilt, because you know you have focused on what matters most.

To begin practicing essentialism, start small. Choose one area of your life where you feel stretched too thin. Ask yourself what can be eliminated or simplified. Perhaps it is reducing unnecessary

“My cat was getting stressed when we were commuting with her from Laguna to Bulacan due to the unbearable heat,” he shared. “That moment pushed me to design what could prevent heatstroke for pets.”

Velasquez, who recently graduated magna cum laude from the De La SalleCollege of Saint Benilde (DLS-CSB) with a Bachelor of Science in Industrial Design degree, conducted both quantitative and qualitative research for his work that was hailed with the Best Thesis Award.

It was judged based on the criteria of the World Design Organization, a globally recognized non-governmental network which celebrates the power of industrial design to improve the economic, social, cultural and environmental quality of life.

The young trailblazer conducted a survey with 110 cat owners to understand their travel habits and concerns. He likewise interviewed three veterinarians for expert insights.

Based on his findings, 90 percent of pet owners were aware of the symptoms of heat stress. They used different methods to address these problems— such as going to a shaded area, giving water to their pets, providing a cooling mat, and using a portable fan.

“Heat stress is a major problem for

them guide your choices. Remember that essentialism life of quality over quantity.

In a world that glorifies busyness, essentialism can seem unusual, even a little radical. But choosing less is not about laziness. It is about wisdom. It is about making space for what is important so that we can give it our best. The truth is that life will always present more opportunities than we can handle. Our task is not to do them all but to discern which ones are truly worth our time and energy. By embracing essentialism, we discover that less is not a loss. Less becomes the doorway to more focus, more joy, and more meaning. So the next time you feel pulled in every direction, pause and remember that less is the new more.

Her product line now includes truffle chili crisp, caramelized spring onion sauce, boozy jams spiked with gin or tequila, and even a Sichuan-spiced honey. She swears chili oil has no limits, whether tossed with noodles or spooned over vanilla ice cream: “It’s spicy, salty, and sweet all coming together.”

The Spark Chili Menu is available nationwide until October 18. Jars of A Spark of Madness Crispy Chili Oil will also be sold in select Shack locations and online at www.shakeshack.ph.

our cats when traveling, and it can lead to major health issues like organ failure, or even worse—death,” Velasquez said.

His research likewise showed that 99 percent of the respondents were interested to have a pet carrier which offers better cooling and insulation.

The Benilde alumnus delved into other industries and collaborated with engineers to experiment on fan positions, airflow paths, and ventilation designs.

“One that stood out was how airflow is managed in computer cases. Cooling systems in tech are all about airflow efficiency and fan placement. I thought— why not apply the same logic to a pet carrier?” Velasquez stated.

“Once we found a setup that worked, I designed the rest of the carrier to support that system.”

This study eventually led to the creation of the Peplab Active Cooling Carrier. Its integrated cooling module fight heat stress and is detachable for safe and easy clean-up. To improve airflow, it is equipped with a compact fan mounted on top of the carrier and powered by a regular powerbank.

The carrier may be separated into two parts. The bottom half doubles as a litter box, which is useful for overnight stays or longer trips.

There are also customizable side plates which can be swapped based on the needs of the pet. Some designs allow maximum airflow. Others block more light and surroundings to minimize stress for anxious cats.

These interchangeable plates also come in different colors and patterns, so owners can mix and match depending on their choices.

“Our pets rely on us not just for love but also for their safety and comfort. It’s our responsibility to provide them with the best care possible,” Velasquez shared. “That’s why this carrier was created. It was made with love and with the idea that traveling with our cats should be comfortable and stress-free.”

More information can be found at tinyurl.com/yzsz9rr9.

PHOTO BY ANDERS NORRBACK BORNHOLM ON UNSPLASH

SM Prime, DOST, ARISE Philippines to Host First Sustainability Expo

In a landmark partnership to promote sustainable innovation, SM Prime, the Department of Science and Technology (DOST) and ARISE Philippines are joining forces to launch the firstever Sustainability Expo (SUSTEX), happening on August 29 to 30, 2025 at the SMX Convention Center Aura, Taguig City.

With the theme “Innovation for Environmental Stewardship,” SUSTEX 2025 aims to catalyze transformative change in business practices by showcasing groundbreaking technologies and scalable solutions that advance climate resilience, waste reduction, and circularity across industries.

Featuring over 50 exhibitors, the expo will highlight advancements in waste management and recycling, energy and water efficiency, electric vehicles, carbon reduction, air quality improvement, and disaster resilience.

It will serve as a hub for cross-sector dialogue, policy alignment, and publicprivate collaboration, bringing together industry leaders, government agencies, MSMEs, tenant partners, sustainability advocates, diplomats, and students.

“We believe innovation is central to achieving a low-carbon, circular, and resilient future,” said Hans T. Sy, Chairman of the Executive Committee, SM Prime Holdings, Inc. “Through SUSTEX, we aim to move beyond dialogue to shape solutions, forge stronger partnerships and drive change

at the scale this moment demands.”

DOST Secretary Renato U. Solidum, Jr. said in a statement that SUSTEX 2025 reflects the agency’s unwavering commitment to harnessing science, technology, and innovation (STI) to build a more sustainable and resilient future, which is aligned with DOST’s fourth strategic pillar of institutionalizing sustainability.

“Through collaboration with industries, government, academe, and communities, we aim to accelerate solutions that will help transform the Philippine’s business landscape into a true champion of circular economy and climate action. At the heart of these efforts is our goal to empower every Filipino to become a victor, not a victim, in the face of disasters and climate challenges,” said Solidum.

SUSTEX also aligns with SM’s WasteFree Future campaign and the company’s commitment to the United Nations Sustainable Development Goals by encouraging the private sector’s role in

of the PICC, a National Cultural Treasure, drawing from conservation studies, expert consultations and market landscaping. At the heart of these efforts is the PICC’s commitment to preserve the 1976 vision

addressing the climate crisis.

Attendees can expect interactive exhibits, expert-led forums, and solutiondriven conversations that aim to drive greener business decisions and empower changemakers across all sectors.

Register now for free and take part in the movement toward a more sustainable future. Download the SM Malls Online app and sign up today via this link: https://click.smmallsonline.com/DFqS/ SMSUSTEX2025

Celebrating 40 Super Years of Evolving With Every You, SM Supermalls, one of Southeast Asia’s largest mall developers, is continuously evolving to lead the way in sustainable development by integrating green design, energy efficiency, disaster resilience, and environmental stewardship into its 88 malls in the Philippines, all while creating inclusive spaces that enrich communities, support climate action, and ensure a better, more sustainable future for generations of Filipino shoppers.

of its designer, National Artist for Architecture Leandro V. Locsin.

The PICC itself is a masterpiece. Its bold and imposing facade draws people into a geometry of massive concrete blocks displaying brutalism’s signature raw and exposed finishes. The entire complex is minimalist and functional, with shapes, forms, patterns and materials repeated all over its almost 12-hectare footprint.

As the restoration unfolds, the original beauty of Locsin’s magnum opus has begun to reclaim the spotlight. In the skilled hands of artisans, the PICC’s concrete elements, which have softened and faded over time, have sharpened. Concrete grains and textures have come out anew, and brutalist strength can once again be felt as you walk down the PICC’s halls and spaces. In contrast with brutalist inflexibility are the softer elements, tones and curves of the PICC: wood rails topping raw concrete stairways and balconies that flow through various levels; warm wood walls and floors that breathe life into colder concrete elements; and soft elegant lighting that amaze and at the same time draw people into expansive spaces.

One of the biggest challenges to the renovation is marrying the PICC’s commitment to restore with its duty to modernize and even trailblaze in the Meetings, Incentives, Conferences and Exhibitions (MICE) industry.

Thus, included in the project are key upgrades that will ensure that PICC remains competitive in the domestic and global market. New technologies, particularly complete audiovisual equipment for event servicing, are being installed within the PICC’s rooms and halls. Gigantic LED walls will be integrated into each space, apart from high-speed complex-wide WiFi; enhanced security systems and energy-efficient LED lighting.

Placing the PICC on a distinct pedestal in the MICE industry is its showcase of hundreds of priceless works of art. All of these pieces have been moved out of the PICC before the start of the renovation, except 4 permanently installed cultural treasures, including the massive “Pagdiriwang” by National Artist Jose Joya, and the imposing “Grid” and “Anito” sculptures by National Artist Arturo Luz, which continue to be subjected to protective measures and strict conservation protocols during the renovation.

Along with the much-anticipated reopening of the PICC, the PICC will also unveil its newly curated art collection, featuring key pieces from the Bangko Sentral ng Pilipinas. Upon resuming operations, the PICC will not only be a leading MICE player but will institutionalize its decadeslong status as a museum of art.

The Westin Manila earns spot in MICHELIN Guide hotel selection

THE Westin Manila, Marriott International’s wellness-focused 5-star hotel in the Ortigas business center, has been officially recognized in the prestigious MICHELIN Guide hotel selection, marking another milestone. Developed by Robinsons Land Corporation and managed by Marriott International, the 32-storey property is featured alongside 19 other resorts and hotels representing the Philippines and its world-class experiences and hospitality on the recently issued list in August 2025.

The MICHELIN Guide evaluates hotels around the world for their distinction based on excellence in interior design and architecture, individuality, quality and consistency, an open door to the destination, and ability to deliver an extraordinary experience for its price. These standards, which are comparable to those applied to dining establishments, guarantee that hotels provide a remarkable experience in a number of areas, including overall value, service, and aesthetics.

The hotel description in the guide states,

“The Westin Manila brings a wellness-forward perspective to Ortigas Center, one of Metro Manila’s busiest commercial districts. Rooms are generously sized and insulated from the city’s buzz, with floor-to-ceiling windows, soft-toned interiors, and the brand’s signature Heavenly Beds. Natural textures and greenery run throughout the hotel, from the spa to the light-filled lobby. Families and business travelers will appreciate the practical comforts, like a lavender sleep balm at turndown and a pet-friendly program with dog beds and menus in the dining areas.”

Whether a guest is staying on business or leisure, The Westin Manila offers a breather and a refreshing hotel experience with programs and services designed to empower choice and inspire guests to sleep, eat, move, feel, work, and play well.

“We are honoured to be included in the MICHELIN Guide hotel selection,”

says General Manager Alexander Dietzsch.

“We are focused on inspiring guests to live life in balance through a variety of experiences and thoughtful touchpoints that make wellness more approachable and accessible—whether it’s for meetings, keeping up with your fitness routine, sticking to your food preferences or simply discovering wholesome alternatives to your favorites, immersing in local culture, making a difference in the community, and more. We are committed to making every stay memorable while also uplifting sustainable and mindful travels.”

Visit westinmanilahotel.com to know more about the hotel and book the best available rates. For inquiries and other reservations, contact +632 8256 2020 or westinmanila@westin.com, or follow @westinmanilahotel on Facebook and Instagram for updates and announcements. Join Marriott Bonvoy and download the app to discover exclusive member rates, discounts, and benefits available across Marriott International hotels around the globe.

Pueblo de Oro exec named Asia’s Champion for Smart Real Estate Solutions

PUEBLO de Oro Development Corporation (PDO) Vice President for Sales and Marketing John Vincent Rapiz was recognized as Asia’s Champion for Smart Solutions in Real Estate at the 2025 Asia’s Golden Icon Awards held recently at Okada Manila. The honor highlights his pioneering efforts in sustainable and inclusive development.

“Exceptional leadership, entrepreneurial spirit, and aweinspiring talent, when combined with a genuine willingness to serve and share, make for the perfect qualities of someone worthy of being called an icon,” said Dr. Ronnel Ybañez, chairman of the award’s executive board. Rapiz leads PDO’s sales and marketing division. The company is a member of the ICCP Group, a conglomerate involved in investment banking, venture capital, industrial estate and township development, residential projects, and exhibition hall operations. He previously held the same role at Cadence Properties and has held leadership posts across top firms throughout his 15-year career.

A graduate of the University of the Philippines and De La Salle-College of Saint Benilde, Rapiz holds advanced degrees in urban and regional planning and real estate development and is currently pursuing a doctorate in urban planning at UP. His work centers on sustainable housing models and livable urban spaces.

“I’m honored to receive this award on behalf of Pueblo de Oro, Cadence Properties, and the ICCP Group,” said Rapiz.

“Every Filipino deserves living conditions that promote wellness and dignity. Our mission is to offer smart, sustainable solutions that elevate quality of life for generations to come.”

This

Transforming Unilever’s Cavite Food Factory to Nourish Filipino Smiles

FOR nearly a century, Unilever has championed operational excellence in its factories—continuously innovating to deliver high-quality products that delight Filipino consumers. To date, over 90 percent of Unilever products sold in the Philippines are locally manufactured, including its Foods portfolio in their 7.5-hectare Foods factory in General Trias, Cavite. The Unilever Foods business is among its largest business units in the country. For generations, Filipinos have created cherished memories with loved ones over timeless kitchen staples like Lady’s Choice Mayonnaise and Sandwich Spreads, and Knorr Sinigang and Bouillon cubes — made possible by Unilever’s enduring commitment to crafting flavors that delight the Filipino palate. The Foods factory is powered by a dedicated team of over 700 personnel, with around 75 percent proudly hailing from Cavite. This versatile facility produces a wide range of products—including

by 25 percent and output by 20 percent, establishing itself as one of Unilever’s largest food manufacturing facilities worldwide. This growth is driven by strategic investments in automation—over 80 percent of production lines are now fully automated from mixing to packing and palletizing, with zero human touch. These advancements have elevated safety, productivity, quality, and scalability. To stay ahead of innovation, Unilever remains committed to continuously upskilling its workforce for next-generation technologies. “At Unilever, our supply chain is the engine that powers our operations,” says Navdeep Singh, Head of Customer Operations Greater Asia and Head of Supply Chain Philippines. “As consumer expectations evolve toward speed, personalization, and reliability, we’re committed to delivering high-quality products through a supply network that’s agile, resilient, and built for value.” In early June 2025, Unilever inaugurated its newly installed solar photovoltaic panels at the Cavite Foods factory, in a ceremony led by

local government officials and members of Unilever’s leadership team. This marks a major milestone in the company’s sustainability journey towards its net zero commitment, aiming for

SM Seaside City Cebu solar panels are part of SM’s sustainable innovations that reflect how smart energy solutions can create lasting impact for both business and the environment.

The Delegation Lobby will be unveiled as an elevated guest arrival experience.

Editor: Tet Andolong

BusinessMirror

BRINGING THE SCANDINAVIAN LIVING EXPERIENCE TO FILIPINOS

By Rizal Raoul S. Reyes @brownindio

THE Danish concept of happiness is largely embodied by the word hygge (pronounced “hoo-gah”). While often translated as “coziness,” its meaning is more profound, encompassing a broader philosophy of life. In essence, it’s a blend of personal well-being and communal harmony.

It’s not about dramatic moments of joy, but a continuous and conscious effort to find and cultivate happiness in the small, everyday moments.

Through its Lykke project, PH1 World Developers aims to provide this kind of everyday experience to the current generation of discerning property buyers. Lykke K ondo offers Scandinavian-inspired units that are streamlined and minimalist, yet extra spacious, thanks to its trademark Addloft Technology.

“Our vision for Lykke Kondo is an intimate urban sanctuary where we bring the b enefits of modern Scandinavian design to reality—a calm and serene environment, a connection with nature through natural light and fresh air, and most importantly, a sensible practicality,” says PH1 World Developers President Gigi Alcantara.

A lcantara notes that this vision aligns with that of its parent company, Philippine infrastructure and Megawide, to deliver

First World living standards to Filipino homeowners. With Megawide’s stellar construction track record, PH1 World Developers has gained a solid reputation for i nnovative loft projects, including My Enso Lofts in Quezon City, as well as The Hive Residences and Modan Lofts Ortigas Hills in Taytay, Rizal.

The master plan for Lykke Kondo consists of three high-rise towers atop a podium, situated within a prime one-hectare a rea near the landmark Ligaya intersection in Pasig City. It enjoys strategic proximity to transportation hubs like the Light Rail Transit-2 Marikina-Pasig station, and major establishments such as Ayala Malls Feliz a nd Robinson’s Metro East mall.

Pasig City itself is one of the most progressive cities in the Philippines, having t ransformed from a primarily industrial area into a major commercial and residential hub. Its strategic location and f actors like good governance contribute

Fit-Out for Free,” Alcantara explains. This value-for-money proposition is the anchor of the marketing team’s sales pitch. The company has offered significant discounts and “All-Out Fit-Out for Free” promotions, which include freebies like air conditioning units, modular cabinets, and kitchen appliances to incentivize buyers. Under this offer, every unit comes fully fitted with high-quality finishes and smart technology, including:

Living area: digital door locks, smart switch panel, window blinds, and splittype aircon.

Kitchen: induction cooktop and range hood.

Bathroom: water heater.

Bedrooms: split-type aircon and window blinds.

Loft space: cabinetry.

“At Lykke Kondo, we provide more usable space and practical provisions at the usual condo prices—truly offering unparalleled value for money and a compelling proposition for a rewarding property investment on t his side of the metro,” Alcantara says. Lykke Kondo’s initial phase is estimated to bring in P11 billion, according to Alcantara. The Lykke Kondo lifestyle was recently u nveiled at its onsite showroom, where model units showcase the distinctively modern and innovative design of its loft technology that optimizes space and creates an efficient everyday living experience. M eanwhile, PH1 World Developers has reported strong sales growth for its projects, with an 83 percent client confidence r ate in its brands as a sound investment. to

RLC Residences earns top distinctions across Metro Manila, Cebu, Rizal, and Bulacan, redefining what purposeful progress means for Filipino living. Fresh from its impressive showing at the 13th PropertyGuru Philippines Property Awards, Robinsons Land Corporation (RLC) has once again proven why it remains one of the country’s most influential real estate developers. Beyond consistency, the company is actively shaping a new definition of Filipino living—one rooted in thoughtful design, sustainability, and long-term value. This year, RLC received top honors, including Best Developer (Philippines), Best Luxury Developer, Best Sustainable Developer, and Best Developer in Luzon, alongside 20 other awards across residential, commercial, retail, and hospitality segments.

Adding prestige to the celebration, Lance Y. Gokongwei, JG Summit Holdings President & CEO and RLC Chairman, was awarded the inaugural Life Achievement Award, recognizing his exceptional contributions to the Philippine real estate industry and his career-long influence on the sector. RLC, which has been serving the evolving needs of Filipinos for nearly 50 years, now has over 300 developments nationwide— ranging from malls, offices, co-working hubs, and hotels to logistics facilities, residential towers, and destination estates. Within this portfolio, RLC Residences, the residential division of Robinsons Land, is setting new benchmarks for purposeful communities, as reflected by the distinctions received this year. “As we celebrate 45 years of purposeful progress, RLC continues to build with excellence, ingenuity, and impact—shaping a future where every space reflects our mission to build better lives,” said RLC President and CEO Mybelle V. Aragon-GoBio.

Award-winning developments across the country

AT this year’s PropertyGuru Awards, RLC Residences

emerged as one of the recognized names in the industry, earning multiple accolades across Metro Manila, Cebu, Rizal, and Bulacan. The Residences at The Westin Manila was named Best Completed Condo Development, marking a milestone as the first Westin-branded residences in Southeast Asia. The project brings the Westin philosophy of wellness into everyday living through branded deliverables, premium amenities, and access to the Six Pillars of Well-Being. In Metro Manila, SYNC won Best Mid-End Condo Development (Metro Manila), offering young professionals and starting families a connected lifestyle with its prime location along C5, smart-home features, and curated amenities. Le Pont Residences, meanwhile, was highly commended in the Best High-End Condo Development (Metro Manila) category. Located in the 31-hectare Bridgetowne Estate, Le Pont offers bi-level penthouses, loggias, and EDGE-certified sustainability features—redefining urban living as both aspirational and responsible.

RLC Residences also made its mark in the Visayas through Mantawi Residences in Mandaue City, which was highly commended in the Best High-End Condo Development (Metro Cebu) category. The development, featuring expansive units, beachinspired pools, landscaped gardens, and curated retail, sets a new benchmark for premium living in Cebu.

In Rizal, Sierra Valley Gardens received a Highly Commended recognition for Best Eco-Friendly Condo Development. Positioned as the brand’s first smart suburban community, it blends green open spaces with sustainable and future-ready features tailored for modern families. Meanwhile, in Bulacan, Springdale Baliwag was also highly commended in the Best Subdivision Development category, underscoring RLC’s commitment to building safe, well-planned, and community-driv -

en neighborhoods beyond Metro Manila.

Sustainability at the core

RLC Residences also stood out with special recognitions in Sustainable Design and Energy Efficiency, underscoring its commitment to creating homes that are not only livable but also environmentally responsible.

Through a mix of passive design strategies, like optimal building orientation, shading, natural ventilation, and insulated building materials, the company reduces energy reliance while improving comfort and indoor air quality. Complementing these are active systems and renewable energy initiatives, including the use of LED fixtures, efficient HVAC systems, and smart energy management tools like automated lighting controls and occupancy sensors.

Beyond individual buildings, RLC Residences ensures its communities promote green, open spaces and walkability—enhancing well-being while reducing dependence on private transport. These efforts align with its pledge to deliver one million sqm of green-certified projects by 2031, cementing its role in shaping future-ready, sustainable communities.

Redefining modern living

IN an industry where prestige is often equated with scale and spectacle, Robinsons Land is carving a more meaningful path. Its success at the PropertyGuru Philippines Property Awards reaffirms that modern Filipino living is no longer just about opulence—it is about sustainability, wellness, and purposeful communities that create long-term value for families and investors alike.

For more information about RLC Residences’ award-winning developments and to schedule a showroom visit, check out rlcresidences.com or follow us on Facebook and Instagram.

TRECE Martires, Cavite—PH1 World Developers (PH1WD), the real estate arm of engineering leader Megawide Construction Corporation, has officially opened the model unit block of Southscapes Trece Martires (STM)—the first energy-efficient residential community in Trece Martires, Cavite.

T he launch, held on August 16 at the 5-hectare project site in Barangay Lapidario, brought together executives from PH1WD and Megawide, along with local government officials. Led by PH1WD President Gigi Alcantara and Chairman Edgar Saavedra, the e vent marked a significant milestone for the development, offering an exclusive first look at a community designed to deliver the firstworld living experience to every Filipino.

Southscapes Trece Martires showcased three model homes, each thoughtfully designed to combine modern aesthetics with e nergy-saving functionality. Presented in both standard finish and dressed-up configurations, these homes allow prospective b uyers to better visualize their future living spaces. The home line-up includes the Elia, a 96-square- meter single-attached unit with three bedrooms and three bathrooms; the Salana, an 80-square-meter end-unit townhouse offering the same bedroom and bathroom count; and the Alba, a 61-square-meter m iddle-unit townhouse with two bedrooms and two bathrooms. Priced between P3.2 million and P8 million, these residences embody PH1WD’s commitment to building futureready, community-centered developments that meet the needs of Filipino households. What sets Southscapes Trece Martires apart is its full integration of energy-efficient features—a first for any residential d evelopment in Trece Martires. Each home is equipped with SolarSave Energy Panels that can generate up to P54,000 per year in savings, ResiShade Tinted Windows that reduce indoor heat gain and can save more than P2,500 per year, and TropiCool Insulated Walls that enhance thermal comfort a nd can save over P5,500 per year. Beyond the individual homes, the community is illuminated by solar- powered streetlights and

f eatures a dedicated electric shuttle service that provides free daily transport to key local destinations, including Trece Martires City Hall, the Cavite Provincial Capitol, and nearby grocery and shopping centers. Together, t hese features can help residents save up to P80,000 per year, while also delivering longterm environmental benefits.

According to Alcantara, the project represents a breakthrough in horizontal real e state for Cavite, combining eco-friendly design with tangible financial advantages for mid-market and affordable housing segments. “With energy-efficient features that re duce utility costs prevalent in the entire community, we’re making sustainable living accessible to households in Cavite,” she said. Construction of the 343-unit community is spearheaded by Megawide Construction Corporation, employing advanced Japanese and German precast technology to ensure precision, durability, and long-term structural integrity. Nearly 45 percent of the fivehectare development is dedicated to open and green spaces, including swimming pools for adults and children, a basketball court, and a children’s playground—amenities that promote wellness, recreation, and a strong sense o f community in a secure, master- planned environment.

Strategically located, Southscapes Trece Martires offers excellent connectivity to Metro Manila and key parts of Cavite through the CALAX Silang (Aguinaldo) Exit, the SLEX C- 5 Toll Plaza, and Cavite-bound buses at the Parañaque Integrated Terminal Exchange (PITX). With a gross inventory value of P1.8 billion, the development delivers the serenity of suburban living without sacrificing a ccessibility.

The newly opened model unit block is now ready for public viewing, inviting prospective homeowners, investors, and partners t o experience its innovative design and sustainable lifestyle offerings firsthand. “This m odel block is more than just a showcase— it’s a vision of how we can live smarter and more sustainably,” Alcantara added. For more information, visit www.southscapes.ph or c ontact 0917-813-6796.

LYKKE Kondo showcases loft technology through the engineering expertise of PH1 World Developers’ parent Megawide Construction.

LYKKE Kondo redefines modern urban living with Scandinavian-inspired efficiency and practicality

ROBINSONS Land celebrates its fourth

Eala-Tjen-Wong: Asians do wonders at US Open

NC hasing the team crown are University of the Philippines (UP) 1 and 2, College of Saint Benilde (CSB) 1, De La Salle 1, 2 and 3 and Ateneo 1 and 2. The IIT seeks to create opportunities for scholarships, national team slots and future professional careers. By awarding WAGR points, the IIT Finals affirms its status as a credible springboard to international competition, helping Filipino collegiate golfers gain exposure, improve their global rankings and enhance their chances of securing collegiate scholarships abroad or invitations to major amateur tournaments.

UP 1’s Addie Manhit and Ateneo 2’s Shane Tan of Ateneo-2, who both topped the four-round eliminations with 27 points each, headline the women’s competition.

Manhit delivered standout performances by winning the Caliraya Springs leg (15 points) and finishing second at both Royal Northwoods and Pradera Verde (12 points each).

Tan claimed victory at Pradera Verde and placed second at Eastridge Golf Club to match Manhit’s tally.

GYPT runs third in the order of battle for Alas Pilipinas in Pool A action of the FIVB Men’s Volleyball World Championship the country is hosting next month. After tackling Tunisia on opening day September 12 at 6 p.m., Alas Pilipinas gets the luxury of a two-day rest before battling the Egyptians at 5:30 p.m. on September 16 at the SM Mall of Asia Arena. Tunisia, Egypt and Algeria—bracketed with defending champion Italy in Pool F— are three representatives from the Africa Volleyball Confederation zone.

So are the Egyptians formidable foes?

They are the reigning African champions—they were the continent’s sole representative to the Paris 2024 Olympics—who will be led by 6-foot-6 star setter Abdallah Abdalsalam Ahmed Bakhit, 6-foot-3 outside hitter Mohamed Asran and 6-foot-8 middle blocker Abdelrahman Seoudy. The trio led the Pharaohs in regaining the Africa crown--their ninth—to earn a ticket to the worlds.

Egypt has just got better after

WINNING the Premier Volleyball League (PVL) on Tour title was more than enough reason for the PLDT High Speed Hitters to rejoice.

But they want more.

“Hopefully, it will be back-to-back crowns for us, hoping for a double,”

PLDT’s lethal weapon Filipino-Canadian Savi Davison told BusinessMirror during Tuesday’s press conference at the PLDT offices in Makati City.

We know it takes a lot of hard work and sacrifices, but we are going to be ready,” added the 26-year-old from Toronto.

PLDT beat Chery Tiggo, 25-16, 25-17, 19-25, 24-26, 15-8, last Sunday behind Davison’s 23 points to win the PVL On Tour crown at the Mall of Asia Arena in Pasay City.

on Coleman

at 21 years

The excitement of winning his first main draw singles match at a Grand Slam tournament was not just about him. Wong knew full well that his first-round victory at the US Open on Monday made him the first men’s player from Hong Kong to win a Grand Slam singles match since the Open era began in 1968.

“It’s a big moment for me and also my family, Hong Kong people here and back at home,” Wong said. “It means a lot.” Wong defeated American Aleksander Kovacevic in straight sets, 6-4, 7-5, 7-6 (4).

After falling short in qualifying at Flushing Meadows, the Australian Open and twice apiece at Wimbledon and the French Open, he wanted to soak in the moment so much he hadn’t even checked to read the text message he received from Rafael Nadal.

qualifying for and clinching bronze in the 2024 FIVB Volleyball Challenger Cup.

Egypt opens its campaign against Iran on September 14 in the worlds with tickets available via the official web site https:// www.philippineswch2025.com/

O pposite hitter Reda Haikal and outside hitter Ahmed Azab were also instruments in the Challenger for Egypt which eyes a breakthrough in the worlds organized by the Philippine National Volleyball Federation headed

by president Ramon “Tats” Suzara, who is also the president of the Asian Volleyball Confederation. Egypt finished 19th in the 2022 worlds co-hosted by Poland and Slovenia and 12th in the Paris Olympics.  Egypt is coached by 61-year-old Italian Marco Bonitta, who boasts multiple international titles highlighted by a gold medal for Italy in the 2022 FIVB Volleyball Women’s World Championship in Germany.

It was the team’s first title in the professional women’s volleyball league.

“Resiliency, sisterhood and unity are the things we learned. And I think together the values that PLDT brings we want to embrace all the way,” Davison said. “With this championship, we are so really positive to compete next season.”

The PVL is currently playing its Invitational tournament and will open the new season with the Reinforced Conference in October.

A championship is a championship, whether it is On Tour or a regular season crown,” said PLDT’s sensational rookie Alleiah Malaluan, who’s now with the Alas Pilipinas pool.

“I guess I need to reply to him soon,” Wong said. Nadal is Wong’s idol but also now invested in his fledgling career because of a role the 22-time Grand Slam winner played in it. Wong’s family moved to Spain so he could train at the Rafa Nadal Academy, a springboard to this point that also sparked some friendships along the way.

One is with Alexandra Eala, who on Sunday at the US Open became the  first woman representing the Philippines to win  a Grand Slam match. Wong witnessed that firsthand, and Eala was courtside for his historic moment less than 24 hours later.

“ We celebrate together,” Wong said. “For me and Alex, we’re doing things that nobody does it before. We’re really happy for each other.”

Wong and Eala are among the players from countries not as well known for tennis standing out at the US Open.

Renata Zarazua, the only entrant from Mexico, upset sixth-seeded Madison Keys, and Janice Tjen earned the first singles

win by an Indonesian player in a Grand Slam tournament in 22 years.

“Definitely, tennis is becoming a bit more, like, popular, more global,” Zarazua said.

Tjen, inspired by Emma Raducanu, upset No. 24 seed Veronika Kudermetova, 6-4, 4-6, 6-4, on Sunday in two hours and 11 minutes, the same day Eala defeated No. 14 Clara Tauson, 6-3, 2-6, 7-6 (13-11).

Tjen, like Wong, has strong connections with Eala. Growing up in the same region, we would run into each other a lot in the same tournaments,” Eala said of Tjen. “I haven’t been able to spend a lot of time with her recently. I know she was in college. Now she’s playing pro and doing super well. I’m so happy for her, and it’s nice to see someone that you grew up with in the same—in the biggest stages in the world.”

Wong, ranked 173rd on the Association of Tennis Professionals Tour, has stolen the spotlight before, just not at this level. He beat Blake Shelton, now No. 6, on hard court

defeating a top 10 player—also a first—in the second-ranked Swiatek of Poland. It was just too bad that Eala lost in the Miami semifinals against Jessica Pegula, but not after extending the American to a three-set thriller and, alas, succumbing to fatigue.

Eala, 20, also almost gave in to exhaustion in her first-round match against Tauson, the 22-year-old power-serving 6-footer from Denmark with three Women’s Tennis Association titles across her name against none for the 5-foot-9 Alex.

SBA adjusts schedule for PHL Open, Reyes Cup

SEASON 2 of the Sharks Billiards Association (SBA) Professional Billiards League will kick off on November 10 at the SBA’s Sharks Arena and Sports Bar along Tomas Morato in Quezon City.

The schedule, according to SBA founder Hadley Mariano, would allow athletes room to compete in the Philippines Open and the Reyes Cup.

“From the very beginning, our goal has been to give Filipino cue artists every opportunity to shine,” Mariano said. “By aligning with the international calendar, we’re

W hat saved Eala from the grave was her innate killer instinct that clearly bailed her out when she mightily, if not miraculously, rallied from a perilous 5-1 deficit in the final set to force a 6-all deadlock that necessitated a race-to-10 tiebreaker.

Again, Eala was put to an acid test when her 8-4 lead vanished and Tauson forged an 11-all stalemate.

B ut summoning her so-called last ounce of strength, the lefty Eala whacked a blistering forehand, the ball hissing at the corner baseline.

The blistering shot simply was way beyond Tauson’s reach and all the Dane could do was watch the winner fly by.

Her focus derailed, Tauson would next commit a fatal forehand that sailed too long to the right, securing Eala’s matchclinching 13-11 count.

A teary-eyed Eala fell on her back in celebration, went to the net to shake hands with Tauson, touched the umpire’s hand and then returned to the court while energetically punching the air several times in unmitigated glee.

I t was just the first round but to Eala, it felt like she had won the title already.

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“It means so much to me as I did it for my country,” she said, while expressing her gratitude to the Filipino community in the crowd of 8,000 that vociferously egged her on at Flushing Meadows

ALAS Pilipinas has two tough opponents in Pool A from the African zone—Tunisia and reigning continental champion Egypt.

Anne Esguerra, Kiesha Bedonia, Shiela Kiseo and Jovie Prado, along with deputy coaches Arnold Laniog, Manolo Refugia Jr, Fritz Michael Santos and Ervin James Peralta and team managers Bajjie Del Rosario

MARIANO