The full-year DSB for 2023 had marked the first time the debt service burden
$10
since 1985, data from the Bangko Sentral ng Pilipinas (BSP) showed. Total foreign principal and interest payments increased by 13.96 percent in January to November 2024 from the $13.808 billion recorded in the same period in 2023. Principal of the total debt service burden reached $8.390 billion, higher by 12.91 percent from the $7.431 billion posted in the same period a year ago. Meanwhile, interest payments also recorded a double-digit increase. During the 11-month period, Interest owed amounted to $7.345 billion, up by 15.18 percent year-on-year from $6.377 billion. In terms of ratios, that of DSB to export shipments went up by 30.9 percent in the 11-month period from 27.1 percent in the same period in 2023. DSB ratio to exports of goods, and receipts from services and primary income settled at 11.5 percent in January to November 2024, higher than the 10.5 percent in 2023. The DSB to Gross Domestic Product (GDP) ratio increased to 3.9 percent in the 11-month period this year from 3.5 percent last year.
By Samuel P. Medenilla @sam_medenilla
federation is pushing for the signing of a new bilateral labor agreement (BLA) to protect Filipino fishermen from exploitation in the United Kingdom (UK).
Citing a 2023 Financial Times report, the Trade Union Congress of the Philippines (TUCP) said Filipinos were among the thousands of migrant fishermen denied proper labor protections by UK fishing operators by exploiting transit visa loopholes.
“This transit visa loophole has perpetuated the cruel treatment
By Reine Juvierre S. Alberto @reine_alberto
HE Fiscal Incentives Re -
Tview Board (FIRB) has assessed projects with investment capital of more than P50 billion as the Philippines aims to attract more investments. In a statement, the Department of Finance said the FIRB, chaired by Finance Secretary Ralph G. Recto, held its 25th board meeting and evaluated projects for the first time.
The projects are involved in the automotive sector, such as the advanced manufacturing of multilayer ceramic capacitors
(MLCC) and the production and assembly of electric vehicles (EVs) and their components for public and private transport.
“This milestone sends a strong signal of investor confidence in the Philippines. It is proof that investors in high-impact industries are taking notice of us as a leading investment destination,” Secretary Recto said.
The FIRB, a Cabinet-level interagency body, has the authority to recommend highly desirable projects for Presidential approval under Section 301 of the Tax Code, as amended.
“With CREATE MORE in place, we expect to generate more investments in the country that
drive job creation and innovation across industries under the Strategic Investment Priority Plan [SIPP], all while upholding fiscal prudence, transparency, and accountability,” the Finance chief added.
The government is also banking on the anticipated signing of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act’s Implementing Rules and Regulations (IRR) on February 17, 2025.
The law is seen to strengthen the country’s incentives framework, providing a transparent and efficient approval process
for large-scale investments while enhancing the tax incentives package, according to the DOF.
“CREATE MORE will not only attract more investors to establish roots in the Philippines, but also ensure that they stay, grow, and find every reason to expand in the country,” Recto said. FIRB grants tax incentives to registered business enterprises and registered projects or activities with
of Filipino fishers as disposable labor—working them nonstop, paying them little to nothing, and saddling them with recruitment debts in clear violation of ILO [International Labor Organization] Convention 188,” TUCP President Raymond Democrito C. Mendoza said. In its proposed new PhilippinesUK BLA, TUCP wants to “harmonize” Philippine and UK work contracts and extend labor protections to all migrant fishers, regardless of status.
It also recommended making visa eligibility more accessible and affordable for Filipino fishers, and
By Lorenz S. Marasigan @lorenzmarasigan
THE Philippines’ toll concessionaires have collectively endorsed the government’s initiative to reimplement the Cashless/Contactless Toll Collection Policy, set to commence in March.
This policy, formalized through Joint Memorandum Circular No. 2024-001 by the Department of Transportation (DOTr), Land Transportation Office (LTO), and Toll Regulatory Board (TRB), mandates the use of Electronic Toll Collection (ETC) systems across all expressways.
On Saturday, the government announced that cashless/con-
tactless toll collection on major toll expressways will be re-implemented beginning March 15, following months of dry-run for the contactless transactions program.
The TRB emphasized that toll expressway users are required to have a valid ETC device or Radio Frequency Identification (RFID) sticker installed on their vehicles. This move aims to optimize the use of all toll plazas through the ETC system. Motor vehicles without a valid ETC device/RFID sticker will be allowed entry into the toll lane/ plaza and will have an ETC device/RFID sticker installed upon passage. However, these vehicles
promotion agencies (IPAs) may apply for incentives under the single menu provided under CREATE, such as four to seven years of income tax holiday and 10 years of special corporate income tax (SCIT) for export enterprises.
Enhanced deductions and customs duty exemption on importation and value-added tax (VAT) exemption on importation and VAT zero-rating on local purchases may also be availed of.
PHL confident Asean-wide TSP accord will soon pass
PBy Joel R. San Juan
UERTO PRINCESA, Palawan—Correction officials of the 10-member Association of Southeast Asian Natio ns (Asean) are backing the Philippine initiative to craft an agreement allowing the transfer of sentenced persons (TSPs) to their respective countries.
According to the PSA, the CMWPI, a component of the General Wholesale Price Index, tracks changes in the average wholesale prices of construction materials. In 2024, the PSA Board approved the rebasing of the CMWPI to 2018, adopting updated commodity groupings recommended by the Department of Public Works and Highways and key industry stakeholders. Despite the rebasing, the index calculation remains aligned with the methodology used in the 2012-based CMWPI.
Bless Aubrey Ogerio
In an interview, Bureau of Corrections Director General Gregorio Catapang Jr. said his counterparts in the Asean agreed to pursue the TSPs during their high-level meeting on Saturday under the 2nd Asean Regional Correctional Conference being hosted by the BuCor together with the Bureau of Jail Management and Penology (BJMP).
“I think that will be pursued because we had a high-level meeting among Asean countries and we agreed since we are like brothers and sisters. I think that’s one area that we can pursue, the prison transfer arrangements,” Catapang said. Catapang said any agreement on TSPs among Asean members will have to be elevated to their higher offices since it is a diplomatic matter. He added the holding of the ARCC is vital in gathering support for the Philippine initiative.
Asked what Asean country signified its commitment for the TSPs, the Bu-
Cor chief said, “I think all the Asean are willing because we are brothers, we want to develop that camaraderie, oneness, togetherness, and we are all similarly situated.”
Catapang admitted, though, that having different laws is one of the major concerns raised by his Asean counterparts in relation to TSPs, including the death penalty being imposed in some Asean members.
“This will take a while because you know, these are legal and diplomatic issues,” Catapang said.
Still, he is optimistic the country’s hosting of the ARCC will lead to the signing of an agreement on TSPs.
“Hopefully, one of the outputs of this conference is the agreement on the transfer of Filipinos...currently jailed in Asean member countries,” Catapang said.
Aside from the Philippines, the other Asean members are Thailand, Indonesia, Singapore, Brunei Darussalam, Cambodia, Vietnam, Laos, Malaysia and Myanmar.
Besides the TSP issue, the conference tackled best practices in decongestion strategies, prison health programs, aftercare and reintegration initiatives, and measures to prevent and counter violent extremism, parole and probation.
Addressing the 100 delegates at the ARCC, lawyer Mildred Bernadette Alvor, representative from the DOJ-Legal Division, said the proposed agreement aims to promote “humanitarian consideration and protection, inclusiveness, universality and equality.”
“The proposal for Asean-wide transfer of sentenced persons aims to bring back sentenced persons to their home countries where they would be close to their families, with people who speak the same language and share the same customs and traditions,” Alvor said.
Bureau of Corrections data showed 354 foreign nationals are serving prison terms in Philippine prison facilities as of January 31, 2025, and 24 are from Asean member countries.
There are 414 foreign nationals currently incarcerated in various jails in the country awaiting the resolution of their cases—30 of them from Asean countries.
The proposed agreement, Alvor said, is a form of international legal cooperation with the objective of combating cross-border crimes in light of the advancement in technology such as artificial intelligence, nanotechnology, robotic process, automation and virtual reality which allow people to communicate faster.
“These are good for good people pursuing legitimate purposes. Unfortunately, people with criminal intent also benefit from the advancement of technology because criminals no longer confine their
Jan-Nov…
Meanwhile, the DSB to Gross National Income (GNI) ratio inched up to 3.4 percent in 2024 from 3.2 percent in 2023.
In 2023, the full-year debt service burden reached $14.807 billion, marking the first time the debt service burden breached $10 billion since 1985.
Debt service burden represents principal and interest payments after rescheduling.
The data consists of principal and interest payments on fixed medium- and long-term (MLT) credits including International Monetary Fund (IMF) credits, loans covered by the Paris Club and commercial banks’ rescheduling, and New Money Facilities. Also included are interest payments on fixed and revolving short-term (ST) liabilities of banks and non-banks. However,
activities within one country’s borders,” the DOJ official said.
She explained that cybercriminals take advantage of the sovereignty of states and differences in the legal systems of countries to conduct transnational crime.
“This has resulted in individuals being apprehended and persecuted, and if convicted...will serve their sentence in foreign jurisdiction,” she pointed out.
Alvor said the Philippine government first made the recommendation on TSPs during the Asean Law Forum hosted by the DOJ in 2017.
Then, Alvor said, Manila recommended that the Asean Senior Law Officials Meeting (Aslom) take concrete steps and discuss the aspects of TSPs in accordance with Asean processes and utilize as guide the UN model agreement on the transfer of foreign prisoners, as well as existing internal conventions such as the Strasbourg Convention Inter-American Convention and UN Convention Against Illicit Traffic Narcotic Drugs.
The lack of domestic laws governing TSPs should not bar the Philippines from granting TSPs request from other Asean countries as the country can use existing bilateral and multilateral agreements, Alvor said.
The Philippines has three bilateral TSPs enforced with the Hongkong Special Administrative Region, Spain and Thailand. The TSP agreements with Canada and the United Kingdom have yet to take effect.
it excludes prepayments on future years’ maturities of foreign loans and principal payments on fixed and revolving ST liabilities of banks and non-banks.
The BSP said the DSB, however, does not include prepayments on future years’ maturities of foreign loans as well as principal payments on fixed and revolving short term liabilities of banks and non-banks.
In 2000, the BSP adopted the Balance of Payments Manual, Fifth Edition (BPM5) for the compilation of its Balance of Payments (BOP) statistics starting with the 1999 series.
In March 2014, the BSP completed its shift to the Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), covering BOP data from 2005.
In March 2015, external debt data were revised to reflect the new reporting framework in line with international standards under the latest External Debt Statistics Guide and the BPM6.
strengthening Philippines-UK cooperation for fair and ethical recruitment practices.
Mendoza also called for the country to ratify ILO Convention No. 188 or the Work in Fishing Convention to help protect the rights of Filipino fishermen abroad.
The UK has already ratified ILO Convention No. 188, which took effect in 2019.
“Millions of Filipino fishers struggle under exploitative conditions, earning barely enough to sustain their families. With little hope for a better future at home, many seek work abroad—only to face forced labor, human trafficking, and inhumane treatment in international waters,” warned Mendoza.
The UK Government recently announced that migrant fishers can now apply for Skilled Worker Visas, formally recognizing their status as offshore workers as well as guaranteeing essential benefits such as higher wages, labor protections, and opportunities for family reunification.
However, Mendoza lamented that “while the Skilled Worker Visa is a step forward in the right direction, significant barriers remain, spearheaded by financially inaccessible visa costs, prohibitively expensive and difficult English proficiency test requirements, and lack of awareness, preventing affected fishers from accessing the new visa.”
Mendoza added: “Filipino fishers sacrifice their blood, sweat, and tears, even risking their lives, to feed UK households—it is high time they get the fair terms and conditions of work, treatment, and wages they long demand and deserve,” he added. Mendoza recently met with Philippine Ambassador to the United Kingdom Teodoro L. Locsin Jr., concurently the Philippines’s Permanent Representative to the International Maritime Organization (IMO). Locsin was joined by Deputy Permanent Representative to the IMO Consul Raphael Hermoso, Maritime Attaché Atty. Sharon Aledo, and Migrant Workers Office-Overseas Workers Welfare Administration (OWWA) London Officer-in-Charge Sheila Mae Aguilar to discuss how to address the challenges faced by Filipino fishermen in the UK.
Recently, Locsin delivered the keynote address, during a Philippinehosted cocktail reception and MOU signing ceremony. See Locsin’s “Free Fire” column in OP-ED, page A11. Ambassador Locsin and the Migrant Workers Office (MWO) have pledged to collaborate with the TUCP, Associated Philippine Seafarers Union (APSU), and the International Transport Workers’ Federation (ITF) to address the concerns of Filipino fishers, particularly in elevating their status to skilled workers given their vital frontline roles aboard UK fishing vessels. This initiative aligns with the Philippine government’s whole-of-government approach, spearheaded by the Department of Foreign Affairs (DFA) and the Department of Migrant Workers (DMW), in securing a bilateral agreement with the UK government.
will be issued a Temporary Operator’s Permit or a Show Cause Order for violating the “No Valid ETC Device, No Entry” policy.
The LTO, through its deputized personnel, will enforce this policy, imposing the following fines: P1,000 for the first offense; P2,000 for the second offense, and P5,000 for subsequent offenses.
Additionally, motorists exiting toll expressways with insufficient balance will be fined P500 for the first offense, P1,000 for the second, and P2,500 for subsequent offenses.
“Dedicated toll lanes used by cash-paying motorists are usually congested with long lines of motor vehicles, and the same often hamper the fast and efficient flow of traffic leading to the ETC designated lanes,” the TRB said.
The push for cashless toll collection began in December 2020, aiming to reduce physical contact and improve traffic flow at the height of the pandemic. However, initial implementation faced challenges, including technical issues and public resistance, leading to its suspension.
In September 2023, the TRB initiated extensive dry runs to address these concerns, refine the system, and increase public awareness, paving the way for the upcoming full implementation.
“This policy plays a key role in easing traffic at toll plazas, improving safety and convenience for motorists, and optimizing expressway operations,” the toll operators said.
Obtaining an RFID sticker is straightforward and free of charge, with no maintaining balance required. Motorists can reload their accounts through various channels, including customer service centers, kiosks, banks, e-wallets, and other payment platforms.
To ensure timely updates on transactions, users are encouraged to provide current contact information, including email and mobile numbers. Official
are also available for
checks, reloading, and toll fee calculations.
Per the latest TRB data, 97 percent of expressway users have adopted RFID stickers for toll payments. Toll operators are now focusing on the remaining 3 percent of motorists who continue to pay in cash, urging them to transition to RFID for a more seamless travel experience. Toll operators, San Miguel Corp., Metro Pacific Tollways Corp., MCX Tollway Inc., Bases Conversion and Development Authority (BCDA), and Philippine Reclamation Authority (PRA), have expressed their commitment to the initiative.
Cement traders deny surge in imports, seek probe’s end
By Andrea E. San Juan @andreasanjuan
CEMENT importers are urg -
ing the Department of Trade and Industry (DTI) to discontinue its initiation of preliminary safeguard measures investigation on the importation of cement, saying additional restrictions to “protectionist” measures already in place could only lead to higher prices of the basic construction material.
In a statement issued over the weekend, cement traders denied any “significant” increase in the volume of cement imports into the country.
These traders include the Cohaco Merchandizing & Development Corp. (Cohaco), Fortem Cement Corp. (Fortem), NGC Land Corp. (NGC), Pabaza Import and Export Inc. (Pabaza), and Philcement Corp. (Philcement).
In response to the DTI’s “Motu Proprio Initiation of Preliminary Safeguard Measures Investigation on the Importation of Cement,” the cement importers explained that the volume of imports has remained “steady” over the years.
The trade department’s report on the safeguard measure case, which was published in October last year, said there are indications that increased imports of cement are the “substantial cause of serious injury to the domestic industry in terms of declining market share, production, sales, capacity utilization, profitability, price depression, suppression and undercutting.”
However, cement importers cited data showing that cement imports stood at 5.33 million metric tons (MMT) in 2019. This figure grew by 10.34 percent in 2020 to 5.882 MMT and by 17.20 percent to 6.894 MMT in 2021.
Importers attributed this increase to the pandemic period, during which local production was “curtailed” as manufacturers faced difficulties operating due to quarantine restrictions imposed by the government.
“Cement suppliers, particularly importers, were compelled to in -
crease the volume of imports to meet the demand for cement in the country,” the position paper of the cement importers stated.
But as lockdowns and quarantine restrictions loosened, cement importers said the country’s cement manufacturers “swiftly” recovered and imports declined by 2.89 percent to 6.695 MMT in 2022 before posting a moderate increase of 4.74 percent to 7.013 MMT in 2023.
Traders noted that cement imports last year were projected to have reached 7.361 MMT, representing a “modest” 4.96 percent increase. Hence, at this rate of increase, traders maintained this does not warrant the imposition of safeguard measures under World Trade Organization (WTO) standards.
While acknowledging the modest increase in cement imports, traders argued that the figures “do not accurately reflect the volume of imported cement sold in the Philippine market.”
In their position paper, traders emphasized that a portion of the im -
ported cement is used as raw material for the importers’ production of locally manufactured cement. Considering this, importers contended that the “reported surge in import volumes did not occur.”
Traders also pointed out that all imported cement goes through “strict quality checks” before it can be sold in the Philippines.
“Before any supplier can export cement to the country, the Department of Trade and Industry - Bureau of Philippine Standards [DTI- BPS] carefully inspects their production process and ensures their cement meets quality standards set out in the Philippine National Standards. Only those that pass are granted a Philippine Standard [PS] License and allowed to be imported,” the cement importers emphasized.
“Every shipment is then required to be tested at least twice—once before it leaves its country of origin and again when it arrives in the Philippines,” they added.
These tests, conducted by DTI-accredited laboratories assess whether or not the cement meets Philippine standards. Only shipments that pass
the tests are issued a Statement of Confirmation from DTI-BPS and allowed for sale.
As such, these cement traders pointed out that these “strict” non-tariff barriers ensure that all imported cement sold in the Philippine market is of “good quality.”
Production decline?
MEANWHILE, importers also questioned the alleged decline in local cement production amid increasing cement imports.
According to the DTI Preliminary Report, cement imports rose from approximately 30 percent of the market in 2019 to 35 percent in 2020, 26 percent in 2021, 41 percent in 2022, 47 percent in 2023, and 51percent from January to June 2024, as domestic production declined.
Importers hit back at these claims, noting that members of the Cement Manufacturers Association of the Philippines (CeMAP) and nonCeMAP members have expanded their operations in the country.
For instance, Eagle Cement Corp. increased its production capacity by
establishing a new manufacturing facility in Bulacan with a capacity of 1.5 million metric tons, the cement traders noted.
The groups also said one importer estimated that six new cement plants, including those in Cebu and Davao, are operated by non-CeMAP members, adding to the domestic market’s capacity.
Further, the cement traders said the local cement industry has “shifted its focus” to the production of Type 1T cement. Given this shift, imported cement has “primarily consisted” of Type 1 and Type 1P to ensure a steady supply of these products and meet market demand.
“Clearly, the increase in importation is not due to a surge warranting the imposition of safeguard measures. Instead, it is primarily a consequence of reduced domestic production coupled with the necessity to meet ongoing demand,” the importers’ position paper noted.
As such, the cement importers stressed that the increase in importation cannot be used as basis for imposing safeguard measures.
A4 Monday, February 17, 2025
Tri-Comm’s Tue hearing eyes free speech, fake info parity
By Jovee Marie N. Dela Cruz
@joveemarie
AS it intensifies its inquiry into the growing threat of false news and disinformation online, the House TriCommittee (tri-com) is scheduled to hold its second hearing on Tuesday, warning that invited resource persons who fail to comply with the show cause orders (SCOs) may face severe legal action, such as subpoenas and contempt charges.
Laguna Rep. Danilo Ramon “Dan” S. Fernandez, the overall chairman of the Tri-Comm, underscored the importance of holding digital influencers accountable for their role in spreading misleading content.
“We are not suppressing free speech.
We are investigating whether social media is being used to mislead the public, undermine institutions, or facilitate foreign disinformation,” Fernandez, also
the chairman of the House Committee on Public Order and Safety, said.
Those who were issued SCOs include the following: Atty. Glenn Chong; former Presidential Communications Operations Office (PCOO) chief-turned-social media commentator Trixie Cruz-Angeles; Krizette Laureta Chu; Allan Troy “Sass” Rogando Sasot; Mark Anthony Lopez; Lorraine Marie Tablang Badoy-Partosa; Jeffrey Almendras Çeliz; Mary Catherine Binag; Elizabeth Joie Cruz; Elmer Jugalbot; Ernesto Abines Jr.; Ethel Pineda Garcia; George Ahmed Paglinawan; Mary Jean Quiambao Reyes; Richard Tesoro Mata; Suzanne Batalla; Vivian Zapata Rodriguez; Aeron Pena; Alex Destor; Alven L. Montero; Claire Eden Contreras; Claro Ganac; Darwin Salceda; Jeffrey G. Cruz; Jonathan Morales; Julius Melanosi Maui; Kester Ramon John Balibalos Tan; and, Manuel Mata Jr., among others.
Several individuals who have responded via email included Cruz-Angeles, Cruz, Lopez, Batalla, Pineda, and Chuz.
The Tri-Comm has indicated that further action may be taken against those who fail to comply.
To broaden the scope of the probe, the Tri-Comm has summoned representatives from government agencies, major social media platforms, legal experts, and media organizations.
Government officials expected to testify include Anti-Money Laundering Council
Chairman Eli M. Remolona Jr., Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr., Department of Information and Communications Technology Secretary Ivan John E. Uy, and Philippine National Police Chief Gen. Rommel Francisco D. Marbil. Executives from the Philippine respresentatives of ByteDance Ltd. (TikTok), Google Inc., and Meta Platforms Inc.
(Facebook/Instagram) have also been invited to provide insight into their handling of misinformation.
Legal and media professionals, including UP College of Law Professor Joan De Venecia-Fabul, representatives from the Philippine Daily Inquirer, VERA Files President Ellen T. Tordesillas, and other media entities, are also expected to present their views on potential regulatory measures.
The Tri-Comm is weighing potential policy responses to digital misinformation, including stricter accountability measures for social media influencers, improved regulation of online content, and stronger enforcement against foreign-backed disinformation campaigns.
Fernandez reiterated that the inquiry is part of a broader effort to strengthen digital governance.
“We have to determine whether existing laws are enough to address this growing problem or if new measures are necessary,” he said.
The February 18 hearing is expected to set the direction for future legislative actions aimed at tackling the spread of misleading content online and the role of digital platforms in its proliferation.
‘Kill Senators’ call slammed, ‘sign of ex-PRRD desperation’
BY Samuel P. Medenilla
@sam_medenilla
& Jovee Marie N. Dela Cruz
RESIDENT Ferdinand R. Marcos Jr.
Pjoined the pushback against the call of former President Rodrigo R. Duterte to have some of the incumbent senators killed, by saying such stance is a sign of desperation from political parties outside of the Alyansa Para sa Bagong Pilipinas (APBP) from fielding candidates.
“You know we sometimes see from other [political] parties, that they are surprised and they appear to be afraid of you when they see our [senatorial] lineup of the Alyansa (Alliance) so they say a lot of things,” Marcos told the APBP senatorial candidates in Filipino during a rally in Davao Del Norte at the weekend.
Last Thursday, Duterte proposed in a political rally in Manila to have 15 incumbent senators killed so more vacancies will be available in the Senate for the nine senatorial candidates of Partido Demokratiko Pilipino Lakas ng Bayan (PDP Laban), which he endorsed.
“What should we do? Kill the senators so there will be vacancies. If we manage to kill 15 senators, we can replace them all,” Duterte allegedly said, implying that eliminating incumbents would pave the way for his party’s candidates. It was a remark that critics expected Duterte’s defender to brand as just another “joke.”
“Perhaps the only real solution is to blow them up,” the former President was quoted by Lanao del Sur Rep. Zia Alonto Adiong as saying. Adiong added that Duterte’s remarks were met with cheers and chants of “Kill! Kill! Kill!” from his supporters.
“We just heard a day ago, they have no hope--they probably have no hope so
they will just kill 15 senators,” Marcos said.
NBI told: Probe this ‘threat’ ADIONG and other members of the House of Representatives majority bloc have called on the National Bureau of Investigation (NBI) to look into the said “threat” from the former President.
Duterte’s daughter, Vice President Sara Duterte, was impeached by the HOR this month for several reasons, among them threatening the life of the President and his family.
The NBI has recommended the filing of criminal charges against the Vice President for allegedly inciting to sedition and grave threat against the Marcoses, First Lady Liza Araneta-Marcos, and House Speaker Ferdinand Martin G. Romualdez.
She had said in November that she already spoke to a hit man, with instructions that should she be killed, he should assassinate the Marcoses and Romualdez.
Grave concern
ADIONG , a House Assistant Majority Leader, said on Sunday that “in a democracy, words have power—especially when they come from someone who has held the highest office in the land.”
“If certain statements warrant legal scrutiny, it is imperative that all similar declarations be assessed fairly and consistently,” he added.
Adiong expressed grave concern over these statements, recalling how past rhetoric of this nature had led to real-world consequences.
The lawmaker also noted that while Duterte might later claim his words were meant in jest, “he cannot hide behind humor when issuing threats against senators.”
“If making bomb jokes is illegal and
punishable by law, how much more a statement suggesting the killing of 15 senators?” he wondered aloud.
Adiong stressed that such statements must not be taken lightly, particularly given the history of Duterte’s followers acting on his pronouncements.
“We have seen before how rhetoric like this emboldens individuals to take matters into their own hands, often with tragic results. When public figures normalize threats of violence, they create an environment where words can lead to real harm,” he warned.
Adiong urged the NBI to assess whether Duterte’s statements, particularly those referencing acts of violence, fall under existing legal provisions.
“In moments like these, our institutions must stand firm in upholding the rule of law. No one—regardless of position or influence—should be allowed to erode the principles of democracy and accountability,” the lawmaker added.
Normalizing violence
ASSISTANT Majority Leader and Taguig
City Rep. Amparo Maria “Pammy” J. Zamora also denounced Duterte and his daughter Sara for promoting a culture of violence in public discourse, warning that their rhetoric fosters lawlessness and undermines democracy.
Zamora described Duterte’s kill-15 senators statement as “beyond reckless.”
She said “a former president joking about murder is unacceptable. Words like these from a leader have real consequences.”
Vice President Duterte has adopted the same reckless leadership style of her father, Zamora lamented.
“Instead of being a voice of reason and responsible governance, she appears
End online abuse, exploitation of children now–solon
By Butch Fernandez @butchfBM
AMID the observance of National Awareness Week for the Prevention of Child Sexual Abuse and Exploitation, Senator Sherwin T. Gatchalian is calling for a continued and stronger crackdown on online sexual abuse and exploitation of children (Osaec).
Gatchalian previously filed a Senate Resolution seeking an inquiry into the proliferation of such crimes.
In filing the resolution, the lawmaker emphasized the need to strengthen existing measures to create a safer online environment for children and hold predators accountable.
The senator stressed the importance of ensuring that child protection systems are functional to
address the reporting, response, prosecution, and rehabilitation of children who are victims of online crimes against children and the “commercial sexual abuse or exploitation materials” (Csaem). Gatchalian further emphasized the need to strengthen cooperation between local government units, law enforcement agencies, and non-government agencies through the Inter-Agency Council Against Trafficking (IACAT). This is to ensure that policies, programs, and policies are available and properly implemented, the lawmaker said.
Gatchalian recalled that in 2022, the International Justice Mission’s “Scale of Harm” report revealed that nearly half a million Filipino children were trafficked online via live streaming. The Anti-Money Laundering Council flagged P1.56 billion in suspicious transactions related to the online crimes against children, which resulted in 182,729 suspicious
to have inherited her father’s tendency to use threats and violence as political tools,” she said.
Zamora emphasized that true leadership is about inspiring confidence, not instilling fear.
“Leadership means serving the people, not threatening them. A true leader inspires, not intimidates,” she stressed.
Zamora warned that violent rhetoric from public officials emboldens law enforcers to take shortcuts, silences critics, and fosters a culture of fear rather than democratic discourse.
“During Duterte’s administration, thousands were killed in a bloody drug war that remains under investigation by international human rights bodies. That violence is not something to joke about—it has real consequences, and our country continues to deal with its aftermath,” she pointed out.
Zamora also cautioned that this pattern of violent rhetoric, coupled with political maneuvering, is a dangerous sign.
“This is deception at its finest. When they are in trouble, they use fear to distract the public. We should not fall for it,” she warned.
The lawmaker is urging Filipinos to reject the normalization of violence and demand accountability from leaders.
Top contenders
THERE will be a dozen seats in the Senate in the May 2025 midterm national and local elections.
Marcos said he is confident the administration-endorsed 18,200 APBP candidates, which includes 12 senatorial bets, will be top contenders in the upcoming polls due to their track record in public service.
transaction reports from 2020 to 2022. Of the 17,600 cases of child rights violations recorded in 2023, a substantial portion were cases of online sexual abuse and exploitation involving children.
Gatchalian also reiterated the importance of strengthening international cooperation to improve data sharing and cross-border prosecution, enhance the accountability of digital platforms, including social media companies, to proactively detect and remove harmful content, and raise public awareness of the dangers of online sexual abuse and exploitation involving children.
In 2023, various telecommunications companies reported blocking 902,000 URLs and websites containing child sexual abuse and exploitation materials.
As co-author, Gatchalian is also the co-author and the co-sponsor of the Anti-Osaec and Anti-Csaem Act (Republic Act 11930) and the Expanded Anti-Trafficking in Persons Act of 2022.
Digital literacy inclusion in basic education
eyed
coexist.” “We must empower our younger generation with the tools to critically assess online content, ensuring that they are not easily misled by misinformation,” Vargas said. The bill seeks to institutionalize digital literacy education in public schools. The bill mandates the Department of Education to incorporate modules on fact-checking, source verification, responsible social media use, and critical online content analysis into the existing curriculum. It also proposes capacity-building programs for educators to teach digital literacy effectively. The proposed measure is currently pending with the House Committee on Basic Education and Culture. Vargas remains
www.businessmirror.com.ph
‘Waste
mgmt to aid QC versus dengue outbreak’
By Jonathan L. Mayuga @jonlmayuga
ENVIRONMENT advocates are urging Quezon City (QC) residents to properly manage waste stem rising dengue cases following the recent declaration of an outbreak.
“We are one with the QC Government in promoting measures that will halt the spiraling cases of dengue viral infections that have so far claimed the lives of 10 residents, mostly children,” said Jove Benosa of the EcoWaste Coalition.
QC Mayor Maria Josefina Tanya “Joy” G. Belmonte has called on her constituents to safeguard children against the deadly disease.
“Nananawagan ako sa mga kapwa ko magulangnasama-samanatingprotektahan angatingmgaanaklabansadengue. Maging alerto tayo sa mga nararamdaman ng ating anak at manguna sa mga clean-up drive sa atingmgakomunidad,” Belmonte said.
The City Epidemiology and Surveillance Division of the QC Health Department recorded 1,769 dengue cases from January 1 to February 14. The cases affected mostly children. Ten residents, including eight minors, have succumbed to the virus to date.
“As a QC-based organization advocating for zero waste resource management, we appeal to all waste generators to put the QC Environment Code [City Ordinance SP-2350, series of 2014] into practice to help beat the dengue outbreak,” Benosa said. The group, which he helps as “Zero-Waste” Campaigner, is currently implementing sustainable community waste management projects in densely-populated barangays Bagbag and Bagong Silangan in collaboration with local authorities and organizations.
City Ordinance SP-2350 contains provisions “mandating all households, commercial and business establishments, industries and institutions to maintain the cleanliness of their premises at all times,” and “to segregate domestic waste at source into compostable/biodegradable, recyclable, residual and special waste.”
“Abiding by these requirements of the QC Environment Code, as well as Republic Act 9003, or the Ecological Solid Waste Management Act, will deprive Aedes aegypti, the mosquito that can spread the dengue virus, with spots to lay eggs,” said Benosa, noting that “improperly disposed of trash can catch water where dengue mosquitoes can breed.”
According to the World Health Organization (WHO), “applying many of the basic principles [of solid waste management] can contribute substantially to reducing Aedes aegypti larval habitats,” stressing that “proper storage, collection and disposal of waste are essential for protecting public health.” In support of the QC government-led drive to curb the dengue outbreak, the EcoWaste Coalition urged citizens to bear the following reminders: segregate discards at the source, keeping non-biodegradables dry and clean; check and remove standing water in your home and neighborhood; and, keep containers and anything that can collect water in a dry place. Likewise, the group urges citizens to: cover water tanks, drums, and pails with lids or mosquito-proof mesh; drain and clean water containers thoroughly once a week; change water in flower vases weekly; and, loosen soil in potted plants to prevent water from stagnating on the surface. Citizens are also urged to: flip the pot plate to remove excess water; clean pet drinking bowls daily; cut or puncture tires used as roof support to avoid collecting water; and, clear blocked roof drains to avoid water ponding.
The EcoWaste Coalition also took the opportunity to caution the public from buying and using unregistered household insecticides, mosquito coils, and antimosquito lotions, patches, sprays, and the like, which have not been duly verified for quality and safety by the Food and Drug Administration before sale. The use of such unauthorized products may pose health and environmental risks, the group pointed out.
Solons flag claimed manipulation of party-list system, tout jurisprudence
THE claim that party-list groups fail to represent marginalized sectors is a misinterpretation of the law and a misunderstanding of the party-list system’s role, lawmakers said.
In response to recent calls to uphold the true spirit of the Party-List Law and address concerns about the alleged manipulation of the party-list system, Rep. Jude A. Acidre of Tingog and Rep. Raul Angelo “Jil” D. Bongalon of Ako Bicol reaffirmed their organizations’ unwavering commitment to genuine public service and meaningful representation.
Citing the landmark case of Atong Paglaum Inc. v. Commission on Elections (GR 203766, April 2, 2013), Bongalon said the Supreme Court unequivocally ruled that the party-list system is not solely for sectoral representation.
According to Bongalon, the decision expanded the interpretation of Republic Act (RA) 7941 (Party-List System Act), clarifying that both sectoral and nonsectoral parties—including political parties and organizations advocating for national and regional concerns—are qualified to participate in the system.
Under this ruling, he added that the Supreme Court emphasized that “national, regional, and sectoral parties or organizations” may join the party-list system.
Bongalon said the decision also removed the previous requirement that only marginalized and underrepresented groups could run, recognizing instead that organizations promoting their interests—regardless of whether their nominees belong to the sector—are valid participants.
optimistic that the 19th Congress will push the bill forward.
“With the Lower House taking a firm stand against fake news and misinformation, I am hopeful that my fellow legislators will prioritize this bill. Its passage is especially urgent as we approach the election season when a well-informed and discerning electorate is more critical than ever,” added Vargas, who is also a member of the House Committee on Public Order and Safety.
He said through programs in education, healthcare, employment, and disaster response, Ako Bicol has directly benefited thousands of constituents, especially those in vulnerable and underserved communities.
As a party-list committed to service and development, Ako Bicol continues to push for legislation and programs that create tangible, positive change for Filipinos across the country.
Earlier, the Center for People Empowerment in Governance (CenPEG) condemned the blatant manipulation of the party-list system, where political dynasties, retired government officials, and wealthy businessmen now control party-list seats meant for the marginalized. If left unchecked, CenPEG warned, the continued “hijacking” of the party-list system will further entrench elite dominance in Philippine politics, diminishing the democratic space for genuine representatives of the marginalized.
For his part, Acidre said the Tingog Partylist and other partylist groups have consistently worked to bridge the gap between policymaking and grassroots action, embodying the principles of representation and service.
“From crafting laws that address pressing national concerns to providing direct assistance through its extensive network of TINGOG Centers, the party-list remains steadfast in its mission to uplift the lives of Filipinos, particularly those in vulnerable sectors,” said Acidre. Jovee Marie N. Dela Cruz
Meanwhile, the House of Representatives recently convened a Tri-Committee Meeting consisting of the Committees on Information, Communications and Technology, Public Order and Safety, and Public Information to investigate the online influencer’s proliferation of fake news. The initial hearing of the TriComm began on February 4, 2025, when only three out of about 40 invited social media personalities attended. Jovee Marie N. Dela Cruz
Editor: Angel R. Calso
Israel and Hamas complete latest exchange as ceasefire’s 1st phase has just 2 weeks left
By Mohammad Jahjouh, Melanie Lidman & Jalal Bwaitel
The Associated Press
KHAN YOUNIS, Gaza Strip—Israel and Hamas com -
pleted the sixth exchange of hostages and Palestinian prisoners on Saturday with just over two weeks remaining in their fragile Gaza ceasefire’s initial phase, and US Secretary of State Marco Rubio landed in Israel to begin a Mideast tour.
Israelis expressed relief as the three hostages— Argentinian-Israeli Iair Horn, 46; American-Israeli Sagui Dekel Chen, 36; and Russian-Israeli Alexander Troufanov, 29 — seemed in better condition than the emaciated ones freed a week ago.
Troufanov was informed of his father’s death in the Hamas-led October 7, 2023, attack that sparked the 16-month war. Chen was meeting his youngest daughter for the first time. Horn’s brother, Eitan, remains in captivity. Armed militants made the pale, worn men speak to a crowd before handing them over to the Red Cross in the southern city of Khan Younis. The 369 Palestinian prisoners were later released.
A tense dispute had threatened to derail the ceasefire, but Hamas said Thursday it would move ahead with the planned exchange after it said mediators Egypt and Qatar pledged to “remove all hurdles” so Israel would allow more tents, medical supplies and other essentials into devastated Gaza.
US President Donald Trump’s proposal to remove Gaza’s over 2 million Palestinians and settle them elsewhere in the region also shook the truce. Rubio will hear more about that, starting with his meeting Sunday with Israeli Prime Minister Benjamin Netanyahu.
Trump on Saturday posted on social media that “Israel will now have to decide what they will do about the 12:00 O’CLOCK, TODAY, DEADLINE imposed on the release of ALL HOSTAGES. The United States will back the decision they make!”
Israel has not imposed such a deadline. Netanyahu’s office said he would convene the Cabinet as soon as possible to decide on next steps.
In the occupied West Bank, released prisoners were greeted by a cheering crowd. Some appeared gaunt, and the Palestinian Red Crescent emergency service said four were taken for treatment. Buses transported 333 others to Gaza.
The ceasefire took effect on January 19. Before Saturday, 21 hostages and over 730 Palestinian prisoners had been freed during the truce’s first phase.
There have not been substantive negotiations over the ceasefire’s second phase, in which Hamas would release all remaining hostages in return for ending the war.
The hostages and prisoners released
The three hostages had been abducted from Kibbutz Nir Oz, a community hard-hit in the October 7 attack. Horn was taken with his brother, who is not expected to be released in the ceasefire’s first phase.
“Now, we can breathe a little. Our Iair is home after surviving hell in Gaza,” his family said. “Now, we need to bring Eitan back so our family can truly breathe.”
Chen’s wife, Avital Dekel Chen, hid in a safe room with their daughters. She gave birth to their third daughter two months later. She told Israeli media she was overwhelmed with happiness to see her husband back in Israel, where he was meeting his youngest daughter, Shachar.
Troufanov was taken hostage with his grandmother, mother and girlfriend. The women were released during a brief ceasefire in November 2023. His family said they were “overwhelmed with emotion and gratitude” Saturday.
Of the 251 people abducted during the October 7 attack, 73 remain in Gaza, around half believed to be dead.
Nearly all are men, including Israeli soldiers.
One hostage, 65-year-old Keith Siegel, said Friday in a video message addressed to Trump that his captors treated him worse as the war intensified, kicking him, spitting on him and holding him without water or light.
The released Palestinian prisoners included 36 serving life sentences for involvement in deadly attacks against
Israelis. They include Ahmed Barghouti, 48, a close aide of militant leader and iconic Palestinian political figure Marwan Barghouti. Twenty-four of those will be exiled abroad.
“When I saw my son, my soul came back to me again and I came back to life,” said Om Bashar, mother of Hassan Aweis, sentenced to life in 2002 on charges of voluntary manslaughter, planting an explosive device and attempted murder.
Israel also committed to releasing over 1,000 detained from Gaza provided they did not participate in the October 7 attack.
The Israeli Prison Service released the Palestinians in sweatshirts emblazoned with a Star of David and the phrase “Never forgive, never forget” in Arabic. Some threw their sweatshirts on the ground and burned them.
The truce remains fragile
N E
TANYAHU S f ar-right allies want the war to resume in early March with the goal of destroying Hamas. The militant group remains in control of the territory after one of the deadliest and most destructive military campaigns in recent history.
Hamas may be unwilling to release more hostages if it believes the war will resume.
Many Israelis want a deal to bring all remaining hostages home, fearing time is running out. They urge Netanyahu to send a senior-level delegation to talks on the ceasefire’s second phase. “Any other decision is sabotage that endangers the lives of the abductees,” Einav Zangauker, mother of hostage Matan Zangauker, told Saturday’s rally in Tel Aviv.
A new challenge is Trump’s proposal to relocate Palestinians from Gaza, welcomed by Israel’s government. It has been rejected by Arab countries and Palestinians, who fear they won’t be able to return. Human rights groups say the relocation could amount to a war crime. Bwaitel reported from Beitunia, West Bank, and Lidman reported from Tel Aviv, Israel. Associated Press writers Waafa Shurafa in Deir al-Balah, Gaza Strip, and Samy Magdy in Cairo contributed to this report.
Panic grips Bukavu as residents flee advance of Rwanda-backed rebels
By Justin Kabumba, Sam Metz & Rodney Muhumuza The Associated Press
GOMA, Congo—Panic swept through eastern Congo’s second-largest city on Saturday as residents and soldiers fled by the thousands, scrambling to escape the looming advance of Rwanda-backed rebels.
The morning after M23 fighters entered the outskirts of Bukavu—a city of about 1.3 million people that lies 63 miles (101 kilometers) south of rebel-held Goma—some streets were flooded by residents attempting to leave and looters filling flour sacks with what they could find. A pall of silence set in later in the day as residents and business owners braced for what comes next.
But on Saturday, M23 did not appear to have taken decisive control of Bukavu. The group did not announce advances like a day earlier when they took control of an airport outside the city.
A relative calm returned as gunfights stopped after Congolese troops exited the city and drove south, Bukavu resident Alexis Bisimwa said.
“We’re no longer waiting for the crackling of bullets as we were during the day,” he told The Associated Press by telephone.
Residents said they were shocked to see corpses burnt to ash lying strewn in the streets— casualties of the looters who filled the vacuum left by Congolese soldiers abandoning their posts.
“They set fire to the ammunition they were unable to take with them,” said Alain Iragi, among the residents who fled in search of safety on Saturday.
Reports and social media videos showed the region’s factories pillaged and prisons emptied while electricity remained on and communication lines open in most places.
“It’s a disgrace. Some citizens have fallen victim to stray bullets. Even some soldiers still
present in the city are involved en masse in these cases of looting,” a 25-year-old resident of a neighborhood being looted told the AP.
The Congo River Alliance, a coalition of rebel groups that includes M23, blamed Congolese troops and their allies from local militia and neighboring Burundi for the disorder in Bukavu.
“We call on the population to remain in control of their city and not give in to panic,” Lawrence Kanyuka, the alliance’s spokesperson, said in a statement on Saturday.
Pierre Bahizi, the rebels’ new self-proclaimed governor of Bukavu, implored the city’s residents to remain calm and organize among themselves to bring a return of order.
“We must not leave power in the street,” he said Saturday.
Rebels push south after seizing Goma last month
M23, a rebel group backed by about 4,000 troops from neighboring Rwanda, is the most prominent of more than 100 vying for control of Congo’s mineral-rich east.
Its southward expansion encompasses more territory than rebels had previously seized and poses an unprecedented challenge to the central government in Kinshasa. Taking Bukavu could risk deeper scrutiny from an international community whose attentions have been divided amid several global conflicts. French President Emmanuel Macron on Saturday called for an immediate ceasefire, an M23 withdrawal and a safe return of Congolese authorities to Bukavu. The rebellion underway has killed nearly 3,000 people in eastern Congo and stranded hundreds of thousands of displaced. At least 350,000 internally displaced people are without shelter, the U.N. and Congolese authorities have said.
Sam Metz reported from Rabat, Morocco, and Rodney Muhumuza from Kampala, Uganda.
US presented Ukraine with document to access its minerals but offered almost nothing in return
By Emma Burrows The Associated Press
MUNICH, Germany— Ukrainian President Volodymyr Zelenskyy says he directed his ministers not to sign off on a proposed agreement to give the United States access to Ukraine’s rare earth minerals because the document was too focused on US interests.
The proposal, which was at the center of Zelenskyy’s talks with US Vice President JD Vance on the sidelines of the Munich Security Conference on Friday, did not offer any specific security guarantees in return, according to one current and one former senior official familiar with the talks.
Zelenskyy’s decision to reject a deal, at least for now, was described as “short-sighted” by a senior White House official.
“I didn’t let the ministers sign a relevant agreement because in my view it is not ready to protect us, our interest,” Zelenskyy told The Associated Press on Saturday in Munich.
The proposal focused on how the US could use Kyiv’s rare earth minerals “as compensation” for support already given to Ukraine by the Biden administration and as payment for future aid, current and former senior Ukrainian officials said speaking anonymously so they could speak freely.
Ukraine has vast reserves of critical minerals which are used in aerospace, defense and nuclear industries. The Trump administration has indicated it is interested in accessing them to reduce dependence on China but Zelenskyy said any exploitation would need to be tied to security guarantees for Ukraine that would deter future Russian aggression.
“For me is very important the connection between some kind of security guarantees and some kind of investment,” the Ukrainian president said.
Zelenskyy did not go into details about why he instructed his officials not to sign the document which was given to Ukrainian officials on
Wednesday by US Treasury Secretary Scott Bassent on a visit to Kyiv.
“It’s a colonial agreement and Zelenskyy cannot sign it,” the former senior official said.
White House National Security Council spokesman Brian Hughes did not explicitly confirm the offer, but said in a statement that “President Zelenskyy is being short-sighted about the excellent opportunity the Trump Administration has presented to Ukraine.”
The Trump administration has grown weary of sending additional US aid to Ukraine and Hughes said a minerals deal would allow American taxpayers to “recoup” money sent to Kyiv while growing Ukraine’s economy.
Hughes added that the White House believes “binding economic ties with the United States will be the best guarantee against future aggression and an integral part of lasting peace.” He added, “The US recognizes this, the Russians recognize this, and the Ukrainians must recognize this.”
US officials in discussions with their Ukrainian counterparts in Munich were commercially minded and largely concentrated on the specifics of exploring the minerals and how to form a possible partnership to do that with Ukraine, the senior official said.
The potential value of the de -
deepSeek drives $1.3 trillion China stock rally as hedge funds pull cash from india
By John Cheng & Winnie Hsu
DeepSeek’ S b reakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India.
Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeekdriven technology rally adds to hopes for more economic stimulus. In contrast, India is suffering a record exodus of cash on concerns over waning macro growth, slowing corporate earnings and expensive stock valuations.
China’s onshore and offshore equity markets have added more than $1.3 trillion in total value in just the past month amid such reallocations, while India’s market has shrunk by more than $720 billion. The MSCI China Index is on track to outperform its Indian counterpart for a third-straight month, the longest such streak in two years.
DeepSeek has shown “that China actually has companies that are forming a vital part of the whole AI ecosystem,” said k e n Wong, an Asian equity portfolio specialist at e a stspring Investments. His firm has been adding Chinese internet holdings over the past few months, while trimming smaller Indian stocks that had “run up way past their valuation multiples.”
The rotation marks an about-face from the pivot into India seen over the past several years, luring funds away from China.
That was based on an India’s infrastructure spending splurge and its potential as an alternative manufacturing hub to China. Domestic-focused India has also been seen
as a relative haven amid Donald Trump’s tariff plans.
China looks to be regaining its former appeal on a fundamental reevaluation of its investability, especially in tech. After scaring investors with corporate crackdowns not long ago, Beijing may actually help push the new AI theme, as indicated by the news that entrepreneurs including Alibaba Group Holding Ltd. co-founder Jack Ma have been invited to meet the nation’s top leaders.
DeepSeek-related developments are likely to help boost China’s economy as well as its markets, providing an extended boost, said Vivek Dhawan, a fund manager at Candriam. “If you put all the pieces together, China becomes more attractive than India in the current set-up on a riskreward basis.”
T he valuation differential adds to China’s allure as well. The MSCI China Index is trading at just 11 times forward earnings estimates, compared with about 21 times for the MSCI India Index.
An analysis of Bloomberg data on regional allocations by some of the largest active Asian equity funds shows most are reducing exposure to Indian equities and adding Chinese stocks in recent months.
While DeepSeek has helped accelerate the flows into China, possible upcoming announcements of further Chinese stimulus remain important as well, according to Andrew Swan, head of Asia ex-Japan equities at Man Group.
“We think policy will now shift toward consumption, and a targeted attempt to encourage the currently high levels of savings to be deployed,” said Swan. The Man Asia e x -Japan e q uity fund he man -
posits in Ukraine has not yet been discussed, with much unexplored or close to the front line.
The US proposal apparently did not take into account how the deposits would be secured in the event of continuing Russian aggression. The official suggested the US did not have “ready answers,” to that question and that one of their takeaways from discussions in Munich will be how to secure any mineral extraction operation in Ukraine involving people and infrastructure.
Any deal must be in accordance with Ukrainian law and acceptable to the Ukrainian people, the senior Ukrainian official said.
“Subsoil belongs to Ukrainians under the Constitution,” Kseniiia Orynchak, founder of the National Association of Mining Industry of Ukraine previously told the AP suggesting a deal would need popular support.
Zelenskyy and Vance did not discuss the details of the US document during their meeting Friday at the Munich Security Conference, the senior official said. That meeting was “very good” and “substantive,” with Vance making it clear his and Trump’s main goal was to achieve a durable, lasting peace, the senior official said. Associated Press writers Aamer Madhani in Washington D.C., and Volodymyr Yurchuk and Susie Blann in Kyiv, Ukraine contributed.
ages increased its China exposure to 40 percent from 30 percent in the past year while trimming its India exposure to 18 percent from 21 percent.
A complete reversal in fund flows is unlikely, with India stock bulls including Morgan Stanley saying the recent correction may be overdone and the nation’s long-term growth story remains intact.
Meanwhile, the additional 10 percent tariffs imposed on China by Trump have reinforced Amundi SA’s neutral stance on Chinese equities, according to Asia senior investment strategist Aidan Yao. “While a truce is possible as the two sides converge in trade talks, the external dynamics will remain fluid and challenging for China in the foreseeable future.”
There’s also skepticism among traders who have been burned by failed China rallies in the past. Some have pointed to crowded trading and increasing valuations as reason for caution.
Helen Zhu, chief investment officer at Nan Fung Trinity H k Ltd., sees uncertainty over whether DeepSeek’s AI success can be repeated. “At the end of the day, you don’t really know what the potential monetization opportunities are over the medium to longer term,” she said. Nonetheless, there’s a palpable buzz of “China’s back” in the markets of late. The positives keep piling up, with Alibaba
Zelenskyy calls for creation of ‘Armed Forces of Europe’ amid strained US-Europe relations at Munich Security Conference
By Jamey Keaten, Emma Burrows & Susie Blann The Associated Press
MUNICH—Ukrainian
President Volodymyr
Zelenskyy said Saturday that the time has come for the creation of an “Armed Forces of Europe,” because the US may no longer be counted on to support the continent.
Meanwhile, German Chancellor Olaf Scholz hit back at Americans for meddling in his country’s election after US Vice President JD Vance scolded European leaders over their approach to democracy and met with the leader of a German far-right party.
Forceful speeches from Zelenskyy and Scholz on Day 2 of the Munich Security Conference underlined the impact of a blizzard of decisions by US President Donald Trump that show a rapidly growing chasm in trans-Atlantic ties.
European leaders are reeling after Trump’s decision to upend years of US policy by holding talks with Russian President Vladimir Putin in hopes of ending the Russia-Ukraine war. Trump’s special envoy for Ukraine and Russia on Saturday all but ruled out that Europeans would be included in any Ukraine peace talks.
Ramping up his desire for a more muscular Europe, Zelenskyy said that Ukraine’s nearly threeyear fight against Russia’s fullscale invasion has proved that a foundation exists for the creation
of a European army—an idea long discussed among some leaders on the continent.
“I really believe that time has come,” he said. “The Armed Forces of Europe must be created.”
It’s unclear whether the idea will catch on with European leaders. Zelenskyy has sought greater military and economic support from the European Union for years and repeatedly warned that other parts of Europe could be vulnerable to Russia’s expansionist ambitions.
While the bloc—along with the United States—has been one of Kyiv’s strongest backers, pockets of political disagreement over its approach to Moscow and economic realities, including national debt levels that have crimped defense spending, have stood in the way of greater support.
Zelenskyy also told The Associated Press on Saturday that he “didn’t let” his ministers sign an agreement with the US on the extraction of minerals in the country, because “it is not ready to protect us, our interest.” Ukraine is hop -
ing to offer rare earth elements essential for many kinds of technology in exchange for continued military aid.
Earlier, Zelenskyy alluded to a phone conversation between Trump and Putin this week, after which Trump said that he and Putin would likely meet soon to negotiate a peace deal over Ukraine— breaking with the Biden administration’s harder line against Moscow over Russia’s all-out assault on Ukraine, which began on Feb. 24, 2022.
Russia’s Foreign Ministry and the US State Department said Saturday that Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio had spoken by phone. Rubio reaffirmed Trump’s “commitment to finding an end to the conflict in Ukraine. In addition, they discussed the opportunity to potentially work together on a number of other bilateral issues,” US State Department spokesperson Tammy Bruce said.
Tragedy at New Delhi railway station: 18 dead in stampede amid Maha Kumbh festival rush
nEW DELHI—At least 18 people, including 14 women, were killed in a stampede at a railway station in India’s c apital of n e w Delhi, the Press Trust of India news agency reported Sunday.
M any of the victims were Hindu pilgrims who were traveling to the Maha Kumbh festival in Prayagraj in northern India, according t o Delhi’s caretaker chief minister, Atishi, who uses only one name. The stampede happened late Saturday while thousands of people were gathered at the n e w Delhi railway station waiting to board a train. The incident occurred after some passengers slipped and fell on others while coming down from a footbridge that connects train platforms, authorities said.
S heela Devi, who was at Lok n ay ak Jai Prakash n a rain Hospital in n e w Delhi to collect her daughter-in-law’s body, said an announcement about a change of train platforms created confusion
among the passengers that led to the stampede.
“The crowd went out of control and no one could control it,” said n i khil Kumar, a shopkeeper who witnessed the crowd surge.
Prime Minister n a rendra Modi said that he was “distressed by the stampede.”
“My thoughts are with all those who have lost their loved ones. I pray that the injured have a speedy recovery. The authorities are assisting all those who have been affected by this stampede,” he said on t he social platform X.
Railway Minister Ashwini Vaishnaw said that an investigation has been ordered to find what l ed to the stampede.
At least 30 people were killed in a stampede at the six-week festival last month after tens of millions of Hindus gathered to take a dip in sacred river waters. AP
Trump previously assured Zelenskyy that he would have a seat at the table to end the war, and the Ukrainian leader insisted that Europe should also have one.
“Ukraine will never accept deals made behind our backs without our involvement, and the same rule should apply to all of Europe,” Zelenskyy said, adding that “not once did (Trump) mention that America needs Europe at the table.”
“That says a lot,” he said. “The old days are over when America supported Europe just because it always had.”
europeans likely excluded from Ukraine peace talks E U ROPEA n l eaders have been trying to make sense of a tough new line from Washington on issues including democracy and Ukraine’s future, as the Trump administration continues to upend trans-Atlantic conventions that have been in place since after World War II.
Gen. Keith Kellogg, Trump’s
RBy Nicole Winfield The Associated Press
o M e Doctors on Saturday prescribed
“absolute rest” for p o pe Francis and modified the treatment for his respiratory tract infection, the vat ican said, a day after the 88-year-old pope was admitted to a hospital following a weeklong bout of bronchitis.
o n d octors’ orders, Francis won’t deliver his traditional Sunday noon blessing, which he could have done from his hospital room if he was well enough.
The Argentine pope, a known workaholic who keeps up a grueling pace despite his many ailments, was admitted to Rome’s Gemelli hospital on Friday after his bronchitis worsened. i t w as his fourth hospitalization since his 2013 election and raised questions about his increasingly precarious health.
p r eliminary tests showed that he had a respiratory tract infection, which was confirmed Saturday. i n a late afternoon bulletin, the vat ican said that Francis had no fever on Saturday and that tests showed improvement in some parameters.
Francis slept well during a quiet first night in the hospital, ate breakfast, read the newspapers and received the eucharist on Saturday, alternating rest with prayer and reading during the afternoon, the vat ican said.
The v at ican canceled his audiences through Monday at least.
Francis, who had part of one lung removed after a lung infection when he was a young man, has kept up a frenetic pace of late. He has packed his days with private audiences while taking on the added obligations of steering the Catholic Church through its Holy Year.
Starting at Christmas, he has had Jubilee events nearly every other weekend, including one honoring the armed forces last weekend in which he presided over a chilly outdoor Mass, despite having already been diagnosed with bronchitis, and advice
special envoy for Ukraine and Russia, all but cut Europeans out of any Ukraine-Russia talks, despite Zelenskyy’s call for Europe to take part.
“You can have the Ukrainians, the Russians, and clearly the Americans at the table talking,” Kellogg said at an event hosted by a Ukrainian tycoon. Pressed on whether that meant Europeans won’t be included, he said: “I’m a school of realism. I think that’s not going to happen.”
“We need to ensure Ukrainian sovereignty,” he said, before adding: The “European alliance...are going to be critical to this.”
At the conference, Annalena Baerbock, Germany’s foreign minister, described the new US stance as a “moment of truth” that requires European leaders to overcome their differences and unite for a meaningful peace in Ukraine.
“This is an existential moment. It’s a moment where Europe has to stand up,” she said. “There won’t be any lasting peace, if it’s not a European-agreed peace.”
Iceland’s prime minister, Kristrún Frostadóttir, lamented a lack of clarity from Washington.
“People are still not sure what the US wants to do. And I think it would be good if we came out of this conference if they had a clear picture of it,” she said.
A day earlier, Vance chastised Europe’s leaders at the conference and suggested that free speech is “in retreat” across the continent.
Vance said that no democracy could survive telling millions of voters that their concerns “are invalid or unworthy of even being considered.” He also met with the co-leader of the far-right Alternative for Germany, or AfD, party, which is polling second ahead of Scholz’s own Social Democrats before the February 23 election in Germany.
Alluding to Germany’s n a zi past, Scholz said that the longstanding commitment to “ n e ver Again”—a return to the extreme right—wasn’t reconcilable with support for AfD.
“We will not accept that people who look at Germany from the outside intervene in our democracy and our elections and in the democratic opinion-forming process in the interest of this party,” he said. “That’s just not done, certainly not amongst friends and allies. We resolutely reject this.” n o t all responses from European leaders were negative.
President Karin Keller-Sutter of Switzerland, which isn’t an EU member, was quoted by Swiss daily Le Temps as saying Vance had spoken about “values to defend and that we share, like freedom and the possibility for people to express themselves.” Susie Blann reported from Kyiv, Ukraine, and Jamey Keaten reported from Lyon, France. Sylvia Hui in London, and Ilia Novikov in Kyiv, contributed to this report.
German chancellor hits back at Vance E A RLIER Scholz said that he was “pleased” at what he called a shared commitment with the United States to “preserving the sovereign independence of Ukraine” and agreed with Trump that the Russia-Ukraine war must end. But Scholz also condemned the new political tack from Washington, affirming his strong stance against the far-right and said his country won’t accept people who “intervene in our democracy.”
to stay indoors.
o n M onday alone, he met separately with the vat ican ambassador to Croatia, a group of visiting bishops from Madagascar, the e u ropean Union’s foreign policy chief, a candidate to be the next U ne S C o chief, the rector of the grand mosque of p a ris and n ik as Safronov, a Russian painter.
This weekend, he was supposed to have presided over a Jubilee audience for artists, celebrate Mass for them and then on Monday, meet with them at Rome’s famed Cinecitta film studios. i nstead, they and thousands of other pilgrims gathered and prayed for the pope in a basilica on Saturday morning.
p o pe Francis is always pushing himself, he always wants to fulfil his commitments at all costs,” said the Rev. e nzo Fortunato, communications director for St. p e ter’s Basilica. “And then not to make the situation worse ‘Holy Father that’s enough now.’ And he obeyed, he obeyed.” Francis, who is prone to respiratory infections in winter, was diagnosed with bronchitis on February 6, but had continued to hold daily audiences in his vat ican hotel suite. But he handed off his speeches for an aide to read aloud, saying he was having trouble breathing.
“To facilitate his recovery, the medical staff prescribed absolute rest,” a vat ican
statement said. Francis has other health problems as well and this marks his fourth time in the papal suite on the 10th floor of Rome’s Gemelli hospital. He uses a wheelchair, walker or cane when moving around his apartment and recently fell twice, hurting his arm and chin. i n 2021, he had 33 centimeters (13 inches) of his large intestine removed because of a narrowing of the colon. He had further abdominal surgery in 2023 to remove intestinal scar tissue and repair a hernia. During another 2023 hospitalization, he was diagnosed with what he later said was “an acute and strong pneumonia in the lower part of the lungs.” Sometimes bronchitis can lead to pneumonia, a deeper and far more serious infection of the lungs’ air sacs. Doctors may detect pneumonia by listening for a crackling or whistling sound in the lungs while the patient breathes, but often other tests are needed including a chest X-ray and pulse oximetry that measures how much oxygen is in the blood.
Treatment varies by severity but can include providing oxygen through a nasal tube or mask, intravenous fluids—and treatment of the underlying cause of the infection. Paolo Santalucia
Germany’s Chancellor Olaf scholz, right and Ukraine’s President Volodymyr Zelenskyy, meet for talks at the munich security Conference, in munich, Germany, saturday, February 15, 2025. Sven Hoppe/D pA v A A p
Volume of fish unloaded in ports up in January
MBy Ada Pelonia @adapelonia
ANY of the country’s regional ports registered higher fish unloading volumes in January, the Philippine Fisheries Development Authority (PFDA) reported.
Figures from the PFDA showed that regional fish ports (RFPs) delivered a total of 39,399.10 metric tons (MT) to consumers last month. This was 1.6 percent higher than the 38,780.63 MT recorded in the same period last year.
The government-owned and -controlled corporation (GOCC)
said Navotas Fish Port Complex registered the highest unloading volume in January at 19,120.85 MT. This was 80.28 percent higher than the 10,606 MT of fish products distributed to consumers in the same period last year. It added that the Bulan Fish Port Complex registered a 4.2 per -
As egg prices top $7 a dozen, demand for vegan substitutes soars
SURGING egg prices and shortages in the United States have created a big opportunity for vegan substitutes made with ingredients such as mung beans.
Vegan egg companies are boosting production, expanding distribution and planning to cut prices to take advantage as chicken egg costs hit new highs.
At Eat Just Inc., sales in January jumped by five times from the same period a year earlier. The company is ramping up production of its Just Egg products, which can be found at retailers such as Whole Foods and Walmart.
The closely held firm uses mung beans and canola oil in its egg alternative, which comes in liquid form and a folded version that can be toasted. At retailers, Just Egg sales have accelerated, with one major chain, which the company declined to name, posting weekly gains on a year-over-year basis as high as 70 percent.
“This is probably the most important moment for a plant-based market,” Josh Tetrick, Eat Just’s chief executive officer, said in an interview.
With bird flu killing millions of egg-laying chickens, egg prices have been breaking records. The national average wholesale price rose to $7.34 per dozen last week, according to data from the US Department of Agriculture. That’s a 10 percent jump from a week earlier and another all-time high. That’s reduced the big price advantage chicken eggs once had. A 16-ounce carton of liquid Just Egg, which is the equivalent of 10 eggs, retails for about $8.
“Consumers are often interested in trying new products, but are less likely to try novel products priced at a significant premium,” said Alex Frederick, an analyst for researcher PitchBook.
Availability is also becoming a competitive advantage. Egg shortages have been reported across the US, with lines forming outside stores. Meanwhile, restaurant
chain Waffle House is adding an egg surcharge.
Tetrick posted on social media platform X this week that “reliable eggs are made from plants” with a photo of empty shelves. The only fully-stocked shelf in view had Just Egg products.
“We’ve spoken to a couple major retailers who think this might be the new normal, and by new normal, meaning continued consistent egg shortages and high egg prices because of the nature of bird flu,” Tetrick said. “This could be a permanent fixture of our food system.”
At Yo Egg, which uses soy and chickpeas, CEO Eran Groner said shortages of chicken eggs are pushing restaurants to look at eggless eggs as a kind of insurance policy. One of the company’s offerings— a sunny-side-up vegan egg—sells for about $1.80 per egg, according to a website that caters to the restaurant industry.
Groner plans to make the company’s products more appealing by cutting prices by about 10 percent, while expanding distribution and the its product lineup.
In the US, vegan eggs are estimated to account for less than $2 billion in annual sales, a sliver of the overall egg market, according to PitchBook. They started to gain traction around 2019 with a marketing pitch centered on health claims, such as lower cholesterol, and less impact on the environment.
Vegan eggs are part of a boom in investments into alternatives to animal food products. It’s a trend with varying responses by consumers.
Plant-based milk has become a stable and growing part of that sector. Meat alternatives surged earlier this decade thanks to companies such as Beyond Meat Inc. and Impossible Foods Inc. But after trying them, many Americans went back to animal protein.
The so-called great American egg shortage is the next big test. Bloomberg News
cent growth to 1,126.55 MT from 1,080.95 MT in January 2024.
Meanwhile, the PFDA said the Davao Fish Port Complex also posted an increase in fish delivered to consumers last month at 459.47 MT, 66.39 percent higher than the 276.14 MT in the previous year.
In contrast, the GOCC said General Santos Fish Port Complex experienced a setback in fish unloading as volume fell by 33.34 percent to 15,161.366 MT from last year’s 22,706.98 MT.
The PFDA added that fish unloaded in Lucena Fish Port Complex also declined by 3.24 percent to 1,592.37 MT last month from 1,645.61 MT in the same period of the previous year.
For the country’s sole Visayas port, the agency said fish unloaded in the Iloilo Port Complex shrank by 0.95 percent to 1,591.91 MT from 1,607.20 MT.
The western Mindanao port, Zamboanga Fish Port Complex, saw a decline in fish unloading at 346.47 MT from 857.75 MT recorded in the previous year. The GOCC attached to the De -
partment of Agriculture noted that Camaligan Fish Port supplied clients with 0.125 MT of fish and fishery products. The country recently concluded its three-month closed fishing
Manila sets sights on loan from France for dairy project
THE National Dairy Authority (NDA) forged an agreement with a France-based consultancy firm to conduct a feasibility study for a project that aims to boost the country’s milk production.
The attached agency of the Department of Agriculture (DA) partnered with Phylum SARL to assess whether the Philippine Dairy Project qualifies for a concessional loan from the French government.
Under the project, the NDA intends to establish a modern dairy farm in Ubay, Bohol, with the capacity to care for over 300 cows for milk production. This would also include a facility capable of processing up to 10 metric tons (MT) of raw milk daily.
The project also includes
collaboration with local cooperatives for milk and fodder production, along with capacity-building efforts to enhance training and advisory services. It calls for the setup of milk collection centers and milk processing facilities in selected areas nationwide.
The agency said the feasibility study will be funded through a grant from the French government’s Fonds d’Etudes et d’Aide au Secteur Prive (FASEP).
Agriculture Secretary Francisco Tiu Laurel Jr., representing the NDA, signed the memorandum of understanding (MOU) with Phylum, represented by Managing Partner, Francois Gary.
The French Ambassador Marie Fontanel, the
Undersecretary for Special Concerns, Mr. Jerome V. Oliveros, and NDA Administrator Marcus Antonius T. Andaya witnessed the signing ceremony.
Through the MOU, the agency aims to strengthen French-Philippine relations in the dairy sector and modernize the country’s dairy industry.
The NDA said it welcomes international collaborations and private-sector investments to bolster the country’s local dairy industry. Currently, the country’s milk sufficiency stands at 1.66 percent, with NDA targeting to reach 5 percent or 80 million liters of milk by 2028.
The agency said the country’s average milk production per cow remains
season that started on November 1 in the waters northeast of Palawan and from November 15 in the Visayan Seas and Zamboanga Peninsula.
All three areas are considered spawning grounds for small pelagic fishes like sardines and mackerel.
Meanwhile, PFDA recently reported that fish unloaded in the country’s regional ports shrank by 12.09 percent year-on-year in the fourth quarter of 2024. In its quarterly bulletin, the agency said RFPs delivered 126,903.94 MT to consumers in October to December. This was lower than the 144,359.40 MT recorded in the same period of 2023.
The PFDA said the landed catch during the three-month period was equivalent to an average daily unloading of 1,379.39 MT.
low at 8 liters per day, hindered by poor feed and management practices, high production costs, and insufficient dairy infrastructure.
Earlier, the NDA said it is seeking more funds to increase the country’s milk output and enable local producers to meet at least 5 percent of the Philippines’s milk requirement. (See: https://businessmirror.com. ph/2024/10/21/nda-needsbigger-budget-to-hike-milkoutput/)
The agency said improving the country’s milk self-sufficiency rate will entail significant investments.
“Sans an increase in the budget of the NDA, it will be highly impossible to achieve the 5 percent milk sufficiency by 2028.”
NDA stands to receive P537 million under the 2025 National Expenditure Program (NEP), slightly higher than its 2024 budget of P522 million. Ada Pelonia
PCA: Swiss firm keen on building cocoboard plant in PHL
THE Philippine Coconut Authority (PCA) and a Swiss firm discussed the potential establishment of a coconut husk-based medium-density fiberboard (MDF) manufacturing plant in the country.
The PCA said Swiss firm Naturloop AG manufactures cocoboard, a hundred-percent bio-based MDF made from coconut husks, an abundant byproduct of the Philippine coconut industry.
Currently, the company sources husks from the Philippines and is working with local cooperatives and businesses to strengthen its supply chain.
PCA Administrator and CEO Dexter R. Buted met with Naturloop CEO Daniel Dinizo to discuss the project, focusing on the
potential for local production to reduce costs and improve supply chain efficiency.
The agency said in a statement that cocoboard is promoted as termite-resistant, formaldehydefree, and moisture-resistant, which offers a cost-competitive alternative to traditional woodbased panels.
“With the Philippines requiring an estimated 800,000 cubic meters of board panels annually, and local production only meeting 150,000 cubic meters, the market opportunity is substantial.”
According to PCA, Naturloop has been working to establish a stable husk supply chain in the Philippines since a 2020 study in Quezon province. However,
a previous attempt to set up a shared processing facility faced logistical hurdles.
Despite this, the company continues to work with local suppliers like Prosource Manufacturing Inc. and the Quezon Federation and Union of Cooperatives.
“As global demand for sustainable building materials increases, the said manufacturing plant could offer significant economic, employment, and environmental benefits.”
The PCA said that it would continue further discussions with Naturloop regarding investment incentives, infrastructure support, and the long-term feasibility of local production. It added that meetings with stakeholders are also expected in the coming months. Meanwhile, the agency noted that it has long advocated for initiatives that add value to the coconut supply chain, including featuring the cocoboard project at its 2021 Coconut Investment Forum. It added facilitating discussions between private investors and government agencies, such as the Department of Agriculture’s Public-Private Partnership Unit and the Philippine Rural Development Program (PRDP), to explore funding options.
Bukidnon is top contributor to farm output–PSA
By Bless Aubrey Ogerio
BUKIDNON is the top contributor to the country’s agriculture, forestry, and fishing sector, latest figures from the Philippine Statistics Authority (PSA) showed.
The province recorded a 7.1 percent share in the national gross value added (GVA) in 2023, it was followed by Nueva Ecija
with a 4.6 percent share and Pangasinan at 3.8 percent. Also making it to the top 10 are Pampanga (3.7 percent), Isabela (3.3 percent), Negros Occidental (3.1 percent), Davao del Norte (2.8 percent), Batangas (2.8 percent), Iloilo (2.7 percent) and Quezon (2.5 percent).
The agriculture, forestry, and fishing sector’s total GVA in 2023 reached P1.80 trillion, reflecting
a 1.2 percent increase from P1.78 trillion in 2022. Collectively, the top 10 provinces accounted for around 36.5 percent of this total. Rizal recorded the fastest growth at 19.9 percent, followed by Negros Oriental at 15.8 percent and Batanes at 14.7 percent. Agriculture, forestry, and fishing remained the largest economic driver in 39 provinces. Maguindanao del Sur had the highest share
The Philippines is one of the leading coconut-producing countries worldwide. The tropical fruit is also among the country’s top agricultural export commodities. Ada Pelonia
at 53.4 percent, followed closely by Sulu (53.2 percent) and Bukidnon (49.8 percent).
The PSA has now rolled out the compilation of provincial product accounts (PPA) across all regions, aiming to provide a clearer economic snapshot at the local level. By 2025, the PSA said that the PPA system is set to be fully institutionalized, ensuring annual tracking of economic performance in all provinces and highly urbanized cities.
THIS BusinessMirror file photo shows the catch of the day by fishermen of San Enrique, Negros Occidental.
Boosting PHL tourism through connectivity, authentic experiences editorial
THE recent 32nd Travel Tour Expo (TTE) held by the Philippine Travel Agencies Association Inc. (PTAA) has once again highlighted the importance of increasing connectivity among destinations in the Philippines to boost tourism. The event, which saw over 35,000 visitors on its first day alone, showcased the country’s hidden gems and underscored the need for travelers to explore beyond the usual tourist spots. (Read the BusinessMirror story: “Better island connectivity boosting tourism spending,” February 10, 2025).
The Department of Tourism’s (DOT) efforts to promote under-theradar destinations have paid off, with foreign visitor receipts surging by 41 percent to $13.1 billion in 2024. The DOT’s pitch for cultural immersion, adventure, and culinary experiences has resonated with travelers, who are now staying longer in the country and exploring multiple destinations.
Historically, the Philippines has struggled with fragmented travel options, often forcing tourists to return to Manila before venturing onwards. This inconvenience not only discouraged exploration but also limited the economic benefits tourism could generate for local communities. Now, with improved connectivity, travelers are more inclined to embrace the concept of “twinning” destinations—visiting multiple locales during their trips. For instance, when flying into Cebu, it’s increasingly common for visitors to extend their adventures to Bohol, thereby enhancing their overall experience and boosting local economies.
The enhanced connectivity between destinations has revolutionized travel, enabling visitors to explore more places and extend their stay in the country, making for a more immersive and fulfilling experience. Direct flights to Boracay from Palawan, for instance, have made it easier for tourists to explore more of the country’s beautiful beaches and islands. However, as the tourism industry continues to grow, it is essential to emphasize the importance of booking trips with legitimate travel agencies and suppliers. The PTAA’s warning against travel scams and the importance of dealing with accredited travel agencies cannot be overstated. Travelers must be cautious when booking online and ensure that they are dealing with reputable companies that can provide personalized recommendations.
The PTAA’s TTE has also provided a platform for foreign tour operators to engage with local travel agencies, fostering partnerships and innovation in the industry. This can lead to the creation of more diverse and exceptional travel packages that showcase the best of the Philippines.
As the country continues to develop its tourism industry, it is crucial to prioritize authenticity and sustainability. Travelers are no longer satisfied with just visiting popular tourist spots; they want to immerse themselves in local cultures, try new foods, and experience the unique spirit of a place.
The Philippines has so much to offer, from its stunning natural beauty to its rich cultural heritage. By promoting connectivity, authenticity, and sustainability, we can create a tourism industry that benefits not only travelers but also local communities and the environment.
Let us continue to work together to develop a tourism industry that showcases the best of the Philippines and provides unforgettable experiences for travelers from around the world.
Opinion BusinessMirror
Invest in culture, support local artists to grow your business
LAST year, I attended a conference in a huge venue in Manila, where local artists showcased their talents through entertaining musical and dance performances. A small bakery and café had transformed its space into a gallery for emerging artists during weekends. The café owner explained how she began displaying art to attract more customers, but what started as a marketing strategy evolved into a genuine passion for supporting local talents. The café saw an increase in foot traffic and became a beloved community hub where art and culture flourished. These experiences highlight the profound impact that investing in local culture can have—not just for artists but also for businesses seeking to enhance their brand identity and community presence.
In an era where businesses are increasingly scrutinized for their social impact, investing in local culture and the arts has emerged as a powerful strategy for enhancing brand reputation while contributing to the community. Supporting local artists—whether through sponsorships, partnerships, or direct funding—can yield significant benefits for businesses, fostering a symbiotic relationship that benefits both the cultural landscape and the sponsoring entities.
Cultural sponsorship is not merely an act of charity; it is a strategic
investment that can elevate a brand’s image. In the United States, for example, over 60 percent of Americans engage with the arts annually, highlighting the vast audience that cultural initiatives can reach. That’s according to a 2023 report by the National Endowment for the Arts. For us here in the Philippines, this presents a unique opportunity for local businesses to connect with a diverse consumer base while promoting local talent.
One of the most compelling reasons for businesses to invest in culture is the positive brand association
In an era where businesses are increasingly scrutinized for their social impact, investing in local culture and the arts has emerged as a powerful strategy for enhancing brand reputation while contributing to the community. Supporting local artists—whether through sponsorships, partnerships, or direct funding—can yield significant benefits for businesses, fostering a symbiotic relationship that benefits both the cultural landscape and the sponsoring entities.
it creates. A 2022 study by Nielsen found that 64 percent of consumers prefer to purchase from brands that support cultural causes. This indicates that consumers are not only aware of but also value corporate involvement in the arts. By sponsoring local art exhibitions, music festivals, or theater productions, businesses can enhance their reputation and foster loyalty among consumers who appreciate their commitment to cultural preservation.
Moreover, supporting local artists contributes to community identity and pride. Cultural events play a crucial role in shaping and reflecting the values of a community. When businesses invest in local culture,
they help strengthen this identity, creating a sense of belonging among residents and fostering a vibrant atmosphere that attracts both locals and tourists. Financially, investing in culture can also be advantageous for businesses. Cultural sponsorship often provides networking opportunities that can lead to new partnerships and collaborations. According to the Sponsorship Index 2023, 45 percent of sponsors reported that their involvement in cultural events led to new business opportunities. By engaging with local artists and cultural institutions, companies can tap into new markets and connect with influential community members. In the Philippines, rich artistic traditions abound—from indigenous crafts to contemporary art. Businesses have an opportunity to play a pivotal role in preserving these cultural expressions. By investing in local artists, companies not only contribute to economic growth but also ensure that Filipino culture continues to thrive for future generations. Investing in culture is good business practice. It enriches communities, strengthens brand loyalty, and drives innovation—all while supporting the talented individuals who contribute so much to our society. As we celebrate National Arts Month this February, let us encourage more businesses to step up and invest in our local artists.
Securing PHL’s energy future: The transformative
impact of Republic Act 12120
T. Anthony C. Cabangon
Lourdes M. Fernandez
Jennifer A. Ng Vittorio V. Vitug
Lorenzo M. Lomibao Jr., Gerard S. Ramos Lyn B. Resurreccion, Dennis D. Estopace Angel R. Calso, Dionisio L. Pelayo
Ruben M. Cruz Jr.
Eduardo A. Davad Nonilon G. Reyes
D. Edgard A. Cabangon Benjamin V. Ramos
Aldwin Maralit Tolosa
Rolando M. Manangan
BusinessMirror is published daily by the Philippine Business Daily Mirror Publishing, Inc., with offices on the 3rd floor of Dominga
THE enactment of Republic Act 12120, signed by President Marcos on January 15, represents more than a legislative milestone; it marks a pivotal moment in establishing a sustainable, secure, and self-sufficient energy future for the Philippines. It focuses on eliminating reliance on imported liquefied natural gas (LNG), which has proven to be a risky gamble. This dependency has driven up energy prices and introduced volatility in power costs for consumers, exacerbated by global uncertainties like the situation in Ukraine.
Despite the turmoil that surrounds us, the answer to our energy concerns has been hiding in plain sight: the abundant gas resources that lie within our own borders. With the passage of RA 12120, or the Natural Gas Industry Development Act, this potential can finally be fully realized. And with it, debunk the myth that imported LNG is more cost-efficient than indigenous gas
such as that from Malampaya field, which has accounted for 2,700 megawatts of energy supply equivalent to 40-45 percent of the Luzon power generation. For years, policymakers and industry experts have pointed to the volatility of LNG prices, driven by global geopolitical shifts and market uncertainties. The war in Ukraine, for instance, has wreaked havoc on
global LNG supply chains, with European countries turning to alternative sources, thereby increasing demand and driving prices up. Currently, LNG prices are significantly higher than domestic gas, such as that from our own Malampaya field, which continues to be a stable and cost-effective resource.
Senator Pia Cayetano, main sponsor of RA 12120, has been a key advocate for the development of the Philippine natural gas sector, presenting data that shows indigenous gas remains more affordable in the long term. The writing has been on the wall for some time—our country’s indigenous resources are the key to securing energy stability, protecting consumers from the erratic swings of the international energy market, and fortifying the nation’s energy independence. We don’t need to look outside our borders to find solutions; they are already here. However, the key to unlocking this potential has always been a clear policy framework. The lack of a clear, actionable policy has led to the stagnation of domestic gas exploration and utilization. But with
the passage of time the stage is set for the revitalization of this sector. This landmark law provides a comprehensive legal framework that paves the way for the exploration, development, and use of indigenous gas and creates the environment needed to attract investment, and encourage the sustainable growth of the sector.
The law is now in place, but this is just the first step. To fully capitalize on this opportunity, the next crucial phase is implementation. The government, industry stakeholders, and the public must come together to ensure the law does not become just another piece of paper filed away in archives or displayed in museums. There is a need for a blueprint that will put in place energy security for the country.
The stakes are high. Power costs in the Philippines already account for a significant portion of household expenses, with fuel costs making up around 30 to 40 percent of electricity prices. Since August 2024, LNG prices have risen by 20 percent, causing a further increase
RISING SUN
Atty. Jose Ferdinand M. Rojas II
LITO GAGNI
Pork barrel: Breaking a generational curse Government learning academies
TDEBIT CREDIT
Part two
HE Philippine Tax Academy is a government corporate training institution for tax collectors and administrators, providing training and continuing education programs for officials and personnel of the Bureau of Internal Revenue (BIR), Bureau of Customs (BOC), and Bureau of Local Government Finance (BLGF). This was established by Republic Act 10143 (PTA Law) on July 31, 2010. The PTA was created with broad corporate powers, including the authority to collect and maintain funds and apply these to the promotion of its mandate.
The PTA is governed by a Board of Trustees (BOT), composed of the following:
1. Representative from the Department of Finance, who shall be the Chairperson;
2. Representative from the BIR;
3. Representative from the BOC;
4. E xecutive Director of the BLGF, and
5. T hree representatives from the academe.
The BOT has not been formally convened with the members, including representatives from the academe, not yet being designated and appointed.
The PTA has three learning institutes each for the BIR, the BOC and the BLGF. While there is a Local Government Academy under the Department of the Interior and Local Government, this focuses on the human resource development and training of local government officials and the department personnel, the Local Government Finance Institute (LGFI) of the PTA is geared to conducting specialized training for local government tax collectors. Likewise, even though the BIR and BOC have their own respective organic training departments or units, the Internal Revenue Institute (IRI) and Customs Institute (CI) should coordinate with one another in serving the training requirements of their respective personnel.
The executive officers of the PTA is comprised of a President and three Chancellors and Vice Chancellors to administer the Institutes for the IRI, the CI and the LGFI.
The President of the PTA is former DOF Undersecretary Gil Beltran. Appointed as Chancellors are former OIC Executive Director of the BLGF Pamela Quizon, as Chancellor of the IRI, Atty. Noemi Alcala Garcia, as CI Chancellor, and former Board
TTo date, the formation of the Corps of Professional Instructors has not moved, with the PTA tapping job-order consultants and lecturers handling the courses that are being offered by the Academy.
of Accountancy Vice-chairman Rufo Mendoza, as LGFI Chancellor.
The PTA Law provides that the Academy shall be staffed by a Corps of Professional Instructors (Corps). It is provided that the filling up of the staffing requirements for the Corps can be sourced from the personnel of the BIR, the BOC, and the BLGF who may be transferred to and from the PTA and their respective agencies. To date, the formation of the Corps of Professional Instructors has not moved, with the PTA tapping job-order consultants and lecturers handling the courses that are being offered by the Academy. The PTA should give priority in initially tapping or “borrowing” resources from the various agencies, and in the longer term, including in its staffing plantilla and financial budget the hiring of training personnel.
This is imperative and must be done as soon as possible, because what is a training academy without its training resources?
To be continued
Joel L. Tan-Torres was the former Dean of the University of the Philippines Virata School of Business. Previously, he was the Commissioner of the Bureau of Internal Revenue, the chairman of the Professional Regulatory Board of Accountancy, and Tax partner of Reyes Tacandong & Co. and the SyCip Gorres and Velayo & Co. He is a Certified Public Accountant who garnered No. 1 in the CPA Board Examination of May 1979. He has his tax and consultancy practice and can be contacted at joeltantorress@yahoo.com and his firm JL2T Consultancy.
after a lengthy hiatus. This article is adapted from his recent keynote address delivered as the Philippines’ Permanent Representative to the International Maritime Organization during a Philippine-hosted cocktail reception and MOU signing ceremony.
AT the outset, it is my distinct privilege to welcome you all to this reception organized by the Philippine delegation at the sidelines of the 11th Session of the Sub-Committee on Human Element, Training, and Watchkeeping or HTW. I wish all the delegates participating in this important meeting, fruitful discussions on the crucial issues at hand.
The Philippines, having an estimated 800,000 seafarers plying the world’s vast oceans, puts particular importance on the human element, given the difficulties seafarers face physically and psychologically while performing vital tasks on
board their respective vessels— sometimes in the most trying of circumstances and the most challenging environments our planet has to offer. The recognition of these challenges is what led the Philippines to shepherd the resolution,
PATRIOT
O be considered as generational, one had to be so exceptional when compared to others that it only takes place once or a few times in one generation. Such a person or thing or event creates an impact and significance so great that it practically sets a new standard for future generations.
Some call them phenomenal. Generational talents are mostly used for individuals, sports and the arts, in particular, wherein these individuals either trail blaze or change the way things are done in their respective crafts. The fact that an event like Typhoon Haiyan (Ondoy) can create such an impact to change how the Philippines should prepare and respond for a phenomenon of such magnitude can also be considered “generational.” Such people or events happen rarely in one generation. Just like the General Appropriations Act 2025 (GAA) or the National Budget (P6.326 trillion), which included a scary allocation of public funds for partisan political purposes. More known as pork barrel, these items, under certain circumstances, which unfortunately happen most of the time in the Philippines, involve serious breaches of public trust. In fact, such allocation in recent history has led to irregular conduct, wherein the Supreme Court declared such allocation as unconstitutional.
We need to understand where and how pork barrel all began or at least was revived during my generation. Congressional pork barrel initially targeted certain areas like Visayas (P480M) and Mindanao (P240M) a year after the EDSA People Power Revolution in 1986. The clamor of both the Senate and Luzon-based legislators prompted the creation of the “Countrywide Development Fund” (CDF), which integrated P2.3 billion into the 1990 budget purposely to finance “small local infrastructure and
Gagni.
. . Continued from A10
of 4-6 percent in electricity rates. This burden is not only affecting industries and businesses but also struggling households, many of whom are already grappling with high living costs. The country’s dependence on LNG has placed the Filipino consumer in a vulnerable
which was adopted by the Human Rights Council in Geneva last year, entitled “Promoting and protecting the enjoyment of human rights by seafarers.” This is a milestone document in protecting sailors all around the world. Furthermore, President Ferdinand R. Marcos Jr. signed into law last September 2024, the Magna Carta of Filipino Seafarers, which embodies the Philippines’ strong commitment to safeguarding the rights of our seafarers and promoting their well-being. Related to the protection of seafarers, the Philippines welcomes the news of the release of the crew on board the MV Galaxy Leader, including 17 Filipinos as well as nationals from Bulgaria, Mexico, Romania, and Ukraine, after over 400 days in captivity. In this regard, the Philippines offers its profound gratitude to His Majesty Haitham bin Tarik, Sultan of Oman, and his government for their successful mediation and support in facilitating the safe release of the seafarers. I likewise wish to recognize the crucial efforts of Secretary-General Arsenio Dominguez of the IMO, the IMO Secretariat, and IMO Member States, and offer them our sincere thanks.
We express our gratitude to those who have provided the free -
he has committed corrupt conduct, according to the ICAC. This GAA of 2025 allows if not promotes for such conduct, and unless checked or monitored, the Philippines will experience another scam of Napoles-like proportions. Critics of this GAA of 2025 have come out with blazing guns, whose effect has yet to be felt by the people.
other priority community projects.”
Over time, the CDF was renamed to Priority Development Assistance Funds (PDAF) where every legislator was given such entitlements despite its negative connotation brought about by the lack of transparency in its implementation in terms of “hard projects” and “soft projects.” Realignment was also legally permitted in certain agencies, upon the request and concurrence of heads of agencies and the concerned legislator. Subsequent GAA included a list of priority projects; however, the individual legislator still has the power to choose and identify the project and a partner entity to implement the project. Such unbridled power plus ingenuity or creativity from cunning and greedy minds led to abuse, parts of which were exposed in the “scam of the century”, perpetrated by the now infamous Janet Lim-Napoles and her cohorts.
In a report, the Independent Commission Against Corruption Act (ICAC) sought to articulate circumstances where pork barrel can likely lead to corruption. The ICAC found that, on a case-by-case basis, a public official may be engaged if he/ she conducts a merit-based grants scheme to dishonestly “favor political and private advantage over merit, undermining public confidence in public administration, and benefiting political donors and/or family members.” Furthermore, whenever the public official approves grants that favor family members, party donors or party interests in electorates,
position, one that is exacerbated by the unpredictable and often inflated prices of imported fuel. It is time to face reality: relying on LNG is no longer a sustainable option. By focusing on developing new Malampaya fields our country can safeguard itself from the wild fluctuations of the global LNG market such as what is happening now with the Ukraine conflict that even hit the costs of shipping for the imported fuel.
The Philippines emphasizes the imperative to safeguard the maritime workforce, including through international cooperation on timely and practical initiatives, such as enhanced training for seafarers navigating high-risk areas, sharing of real-time threat intelligence, exploring alternative safer routes, and ensuring respect for the right of seafarers to refuse to sail without prejudice to their employment and its prospects. It is important that all IMO Member States uphold the institution’s mandate for safe, secure, and sustainable shipping in line with international law, particularly, the UNCLOS.
dom of our captured mariners. They returned hale and hearty and found negative for PTSD. Filipino resilience. But no one should have to go through such long captivity, denied company of family in pure power plays.
Looking to the future, the international community and all stakeholders must strongly advocate for respect of navigational rights and promote the rights and safety of
Former Finance Undersecretary Cielo D. Magno reported that the budget for 2025 is “evidently driven by the need to appease politicians rather than to address genuine needs of the Filipino people.” Mr. Ephraim B. Cortez, president of National Union of Peoples’ Lawyers, said that the budget violates the constitutional mandate that the state should give priority to education, despite a supposed higher funding (P1.055 trillion for education vs. P1.007 trillion for the DPWH). More critics said that the budget violated the 2019 Universal Healthcare Act and Sin Tax Reform Act of 2012, when it scrapped P74 billion in state subsidies for the Philippine Health Insurance Corp. (PhilHealth). Putting it bluntly, perhaps in a magnitude that can only take place once a generation, former Supreme Court Justice Antonio Carpio considered this 2025 budget as riddled with pork barrel. The way it was made, signed, vetoed, and now being implemented, evidently paves the way for institutionalized corruption far beyond the greed of those in power decades ago. The Makati Business Club (MBC) said that given how entwined it is in our system and society, curbing corruption will not be quick or easy. Echoing the call of Mayor Benjamin Magalong of Baguio City, the MBC said that one of the best ways of fighting graft and corruption can be done by increasing transparency.
Others before him were just as courageous in fighting corruption. But for me, Mayor Magalong stands out above the rest since he consistently and courageously walks the talk in his local sphere of influence in Baguio City while promoting good governance in the national scene despite limited support from others. I would definitely consider Mayor Magalong as one “generational public servant,” whose courage does not only come from the military academy that trained him or from the police organization that he fearlessly served but from the one Almighty God whose presence he always invoked in all things. If we were to consider the 2025 National Budget as “generational” to the extent that it has legislated opportunities for the perpetuation of political dynasties, it takes one or a few generational public servants, like Magalong, to prevent it from achieving its subtle objective of “ayuda” politics and perpetuating political dynasties.
A former infantry and intelligence officer in the Army, Siegfred Mison showcased his servant leadership philosophy in organizations such as the Integrated Bar of the Philippines, Malcolm Law Offices, Infogix Inc., University of the East, Bureau of Immigration, and Philippine Airlines. He is a graduate of West Point in New York, Ateneo Law School, and University of Southern California. A corporate lawyer by profession, he is an inspirational teacher and a Spirit-filled writer with a mission. For questions and comments, please e-mail me at sbmison@gmail.com.
The incumbent Baguio City mayor has been so adamant and relentless in exposing corruption that he neither fears nor favors any public official who is involved in anomalous transactions. I am a fan of this former police general who reportedly turned down an unholy promise in exchange for a juicy post in the police organization. I personally know Mayor Magalong as a spirit-filled person. He has invited several groups to hold value-based and spiritual upliftment seminars in the city. He is a prayerful person being an ardent follower of the Bible. His zeal to expose anomalies, especially in government projects that have been and will likely be funded by the pork barrel in this 2025 National Budget comes from what he has learned in the Holy Book when it says, “Have I not commanded you? Be strong and courageous. Do not be afraid; do not be discouraged, for the Lord your God will be with you wherever you go.” (Joshua 1:9).
The passage of the Philippine Natural Gas Industry Development Act is a historic opportunity to secure a future of energy independence and cost stability. It is time to stop overlooking the resources beneath our feet and start investing in the future of the Filipino people. Indigenous gas is the answer—it is right here in our backyard—ready to provide us with a more secure, affordable, and sustainable source of energy. The law is now in place. Let’s not let it gather dust. Let’s build a future where the Philippines stands proudly on its own energy resources, independent from the whims of the global market. The time for action is now. Let’s not wait for the next crisis to show us the way. It is high time we seize the opportunity that has been waiting for us all along. The solution is here. It’s time to act.
seafarers worldwide. Their security and safety from collateral hurt must not be hostage to international power plays.
The Philippines emphasizes the imperative to safeguard the maritime workforce, including through international cooperation on timely and practical initiatives, such as enhanced training for seafarers navigating high-risk areas, sharing of real-time threat intelligence, exploring alternative safer routes, and ensuring respect for the right of seafarers to refuse to sail without prejudice to their employment and its prospects. It is important that all IMO Member States uphold the institution’s mandate for safe, secure, and sustainable shipping in line with international law, particularly, the UNCLOS.
In line with the enduring Philippine commitment to the IMO and multilateralism, I am pleased to announce the candidature of the Philippines for re-election to the International Maritime Organization Council, under Category C, for the term 2026-2027 at elections to be held during the 34th IMO Assembly on 24 November to 3 December 2025. Rest assured that the Philippines will continue to give the world its very best.
The Philippines has been an ac-
tive member of the IMO since 1964 and a member of the Council since 1997. We are a major provider of competent seafarers, a maritime nation, and long a member always in good standing of the international maritime community. We are a strong collaborator on IMO projects, an advocate for women in maritime, as well as a party to various international maritime conventions and agreements. As a testament of our support of such agreements, we will witness the signing of three documents at this reception, namely the Memoranda of Understanding (MOU) of the Philippines with Georgia, the International Chamber of Shipping, and International Transport Workers’ Federation. Another MOU with Latvia was signed just yesterday. In this regard and in line with our strong commitment to maritime governance, the Philippines hopes to have the opportunity to continue to serve on the IMO Council, under Category C. We seek your valuable support for the Philippine candidature to this crucial body. In closing, I wish to thank all delegations and colleagues present and wish you a pleasant evening and a successful outcome in your meetings in the days ahead. Thank you.
Editor’s note: We are pleased to welcome back Ambassador Teodoro L. Locsin, Jr.’s popular column, “Free Fire,”
Joel L. Tan-Torres THE
Siegfred Bueno Mison, Esq.
Monday, February 17, 2025
‘WPS row won’t affect plans for penal farm mega ecozone’
By Joel R. San Juan @jrsanjuan1573
PUERTO
PRINCESA, Palawan–
The dispute between China and the Philippines over the West Philippine Sea (WPS) would not affect the government’s plan to put up a mega economic zone in Iwahig Prison and Penal Farm situated (IPPF) in this province, Bureau of Corrections (BuCor) Director General Gregorio Pio P. Catapang Jr. said Sunday.
In an interview during the 2nd Asean Regional Correctional Conference (ARCC) being hosted by the BuCor, Catapang told reporters that several investors from Singapore and South Korea have even signified their intention to bring their businesses into Iwahig from China.
“They are now thinking of closing their shops, those that have investments in China. What we want to show is, this area can be a progressive area. There can be peace, harmony,
progress and prosperity in the area of Palawan,” Catapang said. It may be recalled that five suspected Chinese spies were recently arrested by the National Bureau of Investigation (NBI) for allegedly conducting intelligence, surveillance and reconnaissance activities on naval assets in Puerto Princesa Palawan.
An Expanded Defense Cooperation Agreement (Edca) site under the Philippines’s enhanced defense
agreement with the United States has also been put up in Balabac town in this province.
Under Edca, the United States will be allowed to store equipment and deploy its troops inside Philippine military bases.
Last month, the BuCor and the Philippine Economic Zone Authority (Peza) signed a memorandum of agreement allocating an initial area of more than 2000 hectares of the IPPF to be developed as the Palawan Mega Economic Zone (PMEZ).
Peza and BuCor’s long-term plan is to transform 25,000 hectares of IPPF’s 28,328 hectares to become an eco-industrial township with a self-sustaining community.
Catapang told reporters during the opening of ARCC last Friday that part of its master plan is to create economic zones in various prison facilities owned and operated by the BuCor.
In IPPF, Catapang said the BuCor’s part of the plan is to put up tourist attractions, a government center and public safety complex, manufacturing and processing industries, export processing and port-related industries, agro-industrial farm, among others.
Catapang also said a seaport and
airport for smoother business activities will encourage more investors and tourists in the province.
“What we want to happen is this big airport to become the hub where they can ride smaller planes going to El Nido, Coron Botswanga and to Balabak.”
Catapang noted that the BuCor could contribute around P300 million a month to the national coffers if its plan to put up economic zones in prison facilities nationwide pushes through.
The BuCor chief noted the income the agency is getting from leasing 5,000 hectares of the vast land of Davao Prison and Penal Farm (DPPF) to Tagum Agricultural Development Company (Tadeco).
Catapang said the BuCor gets at least P20 million a month from Tadeco for using the leased property as a banana plantation.
“So imagine if we will earn at least P20 million a month from all regions, we have about 17 regions, so that would be almost P300-million income being generated a month. Then the money can be plowed back to put up the facilities we need and then to prepare the PDLs [persons deprived of liberty] to go back to society,” Catapang explained.
CONSTRUCTION
ma -
terial prices in Metro Manila continued to cool in January, with wholesale price growth easing to its slowest pace in over a year, the latest data from the Philippine Statistics Authority (PSA) showed.
The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region registered a minimal 0.1-percent increase in January 2025, down from 0.2 percent in December 2024. The slowdown is more pronounced compared to January 2024, when the index posted a 1.5-percent annual growth.
The PSA attributed the deceleration primarily to the declining price of reinforcing steel, which dropped by 0.3 percent in January from the 1.2 percent increase in the previous month. Likewise, PVC pipe prices saw a 0.1-percent decline after recording a 0.9-percent uptick in December 2024.
Other construction materials also experienced slower annual price growth, including hardware (0.1 percent from 0.7 percent), G.I. sheets (0.3 percent from 0.4 percent), electrical works (0.3 percent from 0.4 percent), plumbing fixtures and accessories/waterworks
(0.7 percent from 1.2 percent) and painting works (1.1 percent from 1.2 percent).
Steeper annual price declines, meanwhile, were observed in structural steel, which fell by 0.9 percent from a 0.5-percent drop in December, and fuels and lubricants, which posted a 3.4-percent decrease from the previous month’s 1.2-percent decline.
The index for metal products remained flat in January after recording a 0.1 percent increase in December. Some materials saw price upticks. Lumber prices climbed by 1.1 percent from 0.7 percent, tileworks rose to 0.8 percent from 0.4 percent and doors, jambs, and steel casement increased to 0.6 percent from 0.5 percent. Sand and gravel prices also rebounded, recording a 0.1 percent increase in January after a 0.4 percent decline in December 2024.
On the other hand, the annual declines in cement and plywood prices moderated. Cement prices dropped by 1.1 percent in January, an improvement from the 2.1-percent decline in December, while plywood saw a 0.1-percent drop, easing from a 0.5-percent decline in the previous month. See “NCR,” A2
Editor: Jennifer A. Ng
NGCP secures go-ahead for ₧5-B transmission projects
By Lenie Lectura @llectura
THE Energy Regulatory Commission (ERC) has given its green light to four transmission projects of the National Grid Corporation of the Philippines (NGCP) worth P5 billion.
In its February 12 meeting, the agency approved NGCP’s proposed 230-kiloVolt (kV) Granada substation project costing P1,943,977,100.96; the Sumangga 138-kV substation project, P1,361,891,878.73; La Carlota 138kV substation, P1,129,191,746.90;
DigiPlus:
By VG Cabuag @villygc
GAMING firm DigiPlus Inter-
active Corp. expects capital expenditures (capex) for the year to reach as much as P3 billion.
Celeste Jovenir, DigiPlus vice president for investor relations, said the amount covers the initial spending for the company’s Brazil venture, which is expected to be operational within the year.
“Aside from the P660 million for initial investment in Brazil, it includes maintenance capex—IT infrastructure upgrade, facilities renovation. This is already funded.”
STOCK-MARKET OUTLOOK
LAST WEEK
SHARE prices fell last week and the main index failed to sustain its upward momentum as new tariff threats and the decision of the Bangko Sentral ng Pilipinas (BSP) to maintain policy rates weighed on sentiment.
The benchmark Philippine Stock Exchange index slid by 93.66 points to close at 6,061.33 points. The main index was down for the first two days of the week, but managed to gain most of it on two succeeding days. It ended lower again on Friday following the BSP’s announcement of its decision to freeze its rate cut.
“Last week’s trading also shows that the market is still having a difficult time getting past its 10-day exponential moving average,” Japhet Louis O. Tantiangco, senior research analyst at Philstocks Financials Inc., said.
Average daily trading reached P5.2 billion, but foreign investors, who accounted for half of the trades, were net sellers at P2.49 billion.
Other sub-indices ended mixed. The broader All Shares index shed 34.36 points to close at 3,629.28, the Financials index fell 17.52 to 2,252.82, the Industrial index gained 53.27 to 8,656.14, the Holding Firms index was up 9.41 to 5,138.73, the Property index plunged 152.19 to 2,213.23, the Services index declined 33.13 to 1,975.49 and the Mining and Oil index
and the Nagsaag-Tumana 69-kV transmission line, P583,534,890.96. The proposed Granada 230-kV substation project aims to address the overloading of power transformers in Bacolod station. The ERC ordered NGCP to finish the project on or before August 31, 2028. This
will provide a new connection point for power customers in Negros Occidental, which will address the load curtailment and power interruption in the area.
NGCP’s proposed Sumangga 138kV substation project, which must be completed on or before March 31, 2028, aims to address overloading in the existing Ormoc-Baybay 69 kV line. Furthermore, it seeks to reduce the load on the power transformers at the Ormoc substation and ensure compliance with the N-1 contingency provision to prevent load curtailment or power interruption during contingencies.
Another substation project that must be finished in 2028 is the La Carlota 138-kV substation, which aims to address the overloading of the Bacolod-San Enrique 69-kV line.
Additionally, it seeks to enhance the reliability of power supply in Negros Occidental, and prevent load curtailment in the area. It should be completed by NGCP on or before end-August.
By November 25 this year, the NGCP must finish the NagsaagTumana 69-kV line to provide additional transmission capacity to cater to the growing power demand in Eastern Pangasinan. This project will also address the overloading of the NagsaagUmingan 69-kV line by transferring other loads of Pangasinan III Electric Cooperative Inc. to the new transmission line.
The ERC has yet to draft its official orders. The NGCP, for its part, said it will wait for a copy of the ERC decisions.
Capex budget to hit ₧3B
The company’s announcement of capex for 2025 comes at a time of growth for e-gaming in the Philippines.
Stockbroker Unicapital Securities noted the rising contribution of the other licensees to the Philippine Amusement and Gaming Corp.’s (Pagcor) gross gaming revenue, which “jumped from 20 percent in 2023 to 42 percent in the nine months last year.”
“This growth is largely fueled by the rapid expansion of e-gaming activities and the increasing adoption of digital betting apps.”
In the case of DigiPlus, Unicapital said the company continues to enjoy
surged 380.47 to 7,744.70. For the week, losers outnumbered gainers 129 to 96 and 27 shares were unchanged.
Top gainers were Philex Mining Corp., I-Remit Inc., Omico Corp., Harbor Star Shipping Services Inc., Manila Mining Corp. B shares, Italpinas Development Corp. and Zeus Holdings Inc.
Top losers, meanwhile, were Lodestar Investment Holdings Corp., Vivant Corp., Emperador Inc., Jackstones Inc., PH Resorts Group Holdings Inc., Millennium Global Holdings Inc. and Manila Bulletin Publishing Corp.
THIS WEEK
SHARE prices may gain this week, but mostly on bargain hunting as investors view the market as undervalued.
“However, we don’t see a strong catalyst yet that could propel the market to stage a significant rally. Investors are expected to maintain a cautious stance while waiting for fresh leads. US President Trump’s latest tariff moves and the BSP’s decision to keep policy rates unchanged may also continue to weigh on sentiment next week,” Tantiangco said.
“Last week, we saw an appreciation of the local currency. A continuation of such is expected to give the market a boost. However, long term yields have also edged higher. A continuation of such may
an upside in its domestic operation, given its expanding monthly active betting users.
“Looking ahead, DigiPlus has an additional long-term catalyst in 2026 with its planned entry into Brazil’s online betting market in the fourth quarter of 2025. If successfully executed, this expansion could provide DigiPlus’ new revenue streams.”
Eusebio Tanco, DigiPlus chairman, expressed optimism that the company’s user base will continue to grow after it closed 2024 with 40 million users, double the 20 million it recorded in 2023.
“It will improve to a certain ex-
weigh on the market.”
Broker 2TradeAsia said while the BSP assures that it has not exited its easing cycle, timing to the next rate cut has been implied to be pushed back until well into midyear.
“Solely interpreting from the price reaction this week, this deferral has likely been baked in, and a lower baseline may mean potential outperformance when rates get adjusted late second quarter or third quarter,” it said.
“Tensions abroad and uncertainties in trade and monetary policies cast a very long shadow over markets-these may persist in the medium-term, and strategies have to take into account weak capital flows and lower appetite for risk. Balance quality defensive names with selective exposure to bargain cyclicals, to maximize market dislocations.”
Support for the main index is seen at 6,000 points and resistance at 6,400 points.
STOCK PICKS
BROKER Unicapital Securities
Inc. gave a buy rating on the stock of Ayala Land Inc. (ALI) after the company was able to reduce its inventory level to 18 months’ worth of sales in the nine months of 2024 from 22 months at end-2023.
“This was mainly led by resilient demand from the premium segment and some push back in project launches. In the nine months of 2024, ALI launched 15 projects worth P45.6 billion,
tent, but maybe not at the rate we have now.”
Tanco said the Brazil venture will also be key to the growth of its user base. The company is leveraging its online platform ArenaPlus for its Brazil venture.
Last month, the company secured one of the licenses to operate a sports betting and online games up for grabs in Brazil through unit DigiPlus Brazil Interactive Ltd.
The license allows DigiPlus to operate land-based and online sports betting, electronic games, live game studios and other fixed-odds betting activities in the soccer-crazed Portuguese-speaking country.
falling short of its 2024 target of P80 billion. The company expects to catch up with launches in fourth quarter of 2024 while ensuring inventory level remain within target.”
Its target price increased by 8 percent to P43 per share as it rollover our valuation to 2025.
“We believe a re-rating is justified, as we anticipate ALI to have the fastest earnings growth of 14 percent, compared to its peers average of 11 percent for 2025,” it said.
Ayala Land shares closed last week at P23.25 apiece.
Meanwhile, the broker also gave a buy rating on shopping mall operator SM Prime Holdings Inc. but kept its target price at P43 per share on lower residential sales reservation assumption.
“We retain our buy rating as we believe the softness in residential business is already factored in. At the current levels, the stock is trading at 55 percent discount to its oneyear forward NAV [net asset value], wider than its 10-year average of approximately 20 percent,” the broker said.
“Spike in inflation rate is a key risk, which could affect consumer spending power. Drastic increase in mortgage rates is also a risk, particularly to its residential business. Possible delays in the scheduled launch of projects also poses a threat to forecasted earnings.” SM Prime shares closed
Aboitiz unit plans to build solar farm in
N. Occidental
SOUTH Cleanergy Inc., a subsidiary of Aboitiz Renewables Inc. (ARI), is proposing to build a solar farm with battery energy storage system (BESS) in Negros Occidental which will supply power to the Visayas grid.
The 239.56 megawatt (MW) Luna solar power and 65MW BESS project is estimated at P13.846 billion. It is expected to start construction in the first quarter of 2026 while the target commercial operation is in the fourth quarter of 2027.
The project cost will finance a detailed engineering studies and designs, including the feasibility study, and acquisition of permits and licenses; construction, and other environmental requirements.
In a filing, the company said the solar power plant and BESS will help augment the demand for reliable and affordable power supply.
“The proposed power plant will not only supply enough electricity to Filipino households and businesses but will also contribute to national development.”
By 2040, the Department of Energy (DOE) envisions that about 15
percent of the total power requirement shall be supplied by solar power.
“The proposed project will also support DOE’s advocacy to shift to cleaner source of energy to reduce the greenhouse gas emissions from the energy sector.”
The project, it added, also supports the Renewable Energy (RE) Act of 2008 which aims to accelerate the exploration and development of RE sources.
This project, said South Cleanergy is part of its 10-year energy transition strategy which intends to increase the RE sources to bring the portfolio mix to almost 50:50 clean energy and thermal capacities by 2030. Last month, the company announced that it acquired the shares of Mainstream Renewable Power Philippines Holdings B.V. (MRP) in Cornerstone Energy Development Inc. (CEDI).
In a disclosure, the Aboitiz unit said it reached an agreement with MRP last January 10 for the transfer of the latter’s shares in CEDI via a share purchase agreement, in favor of ARI. CEDI was the local partner of MRP in the wind farm project. Lenie Lectura
Exec: Sta. Lucia Land delivers another strong performance in 2024
PROPERTY developer Sta. Lucia Land Inc. expressed confidence that it finished 2024 strong on the back of the brisk sale of its developments located mostly in second- and third-tier cities.
David dela Cruz, the company’s CFO, said the company has been performing well in recent years and 2024 is no exception.
“It’s (financial results) still under audit so we’re not at liberty to disclose it, but it’s higher than the 2023. Our challenge is 2025,” he said.
“Every year so far has been a record. But 2025 (will be challenging) because the interest rates didn’t go down and then all of this talk about property slowdown. So it affects the industry.”
In 2023, Sta. Lucia closed the year with a profit of P3.73 billion, an 8.74-percent increase from the prior year’s P3.43 billion. Revenues hit P8.45 billion, up 8.47 percent from P7.79 billion in 2022.
In January to September 2024, Sta. Lucia Land saw its profit grow 4.4 percent to P3.3 billion from P3.16 billion the prior year. Revenues grew 7.4 percent year-on-year to P9.37 billion.
Sta. Lucia has allocated between P3 billion and P5 billion this year, mainly to fund its development and landbanking in areas like Laguna, Batangas, Bulacan, Davao and South Cotabato.
The company said it is pursuing joint venture agreements in Cavite, lloilo and Davao, aiming to develop
contiguous lots and expand existing projects.
“We are optimistic of our prospects this 2025 as we continue to build across the country to address growing demand for communities beyond traditional city centers. This targeted expansion not only diversifies our portfolio but also positions us to deliver long-term value for our stakeholders,” Exequiel Robles, Sta. Lucia Land president, said.
“This strategic expansion is also expected to drive a robust compound annual growth rate [CAGR] of 20 to 25 percent for its revenues, reinforcing Sta. Lucia’s long-term growth objectives.”
At end-2024, the Sta. Lucia Group led by the listed Sta. Lucia Land has developed over 12,000 hectares into more than 300 projects across 70 cities and municipalities, noted Robles.
Last year, Sta. Lucia Land spent P5.62 billion for capital expenditures, with P4.5 billion going to project development and P1.12 billion for land acquisitions.
“One of the significant highlights of Sta. Lucia’s endeavors last year included the unveiling of El Sitio Nativo in Nasugbu, Batangas in May 2024,” Robles said.
“This exclusive coastal community, limited to just 92 lots, offers residents a blend of Filipino, Malay, Polynesian, and Pacific architectural designs, complemented by modern smart home features.” VG
ABOITIZ Renewables’ MakBan geothermal plant in Batangas. PHOTO FROM WWW.ABOITIZPOWER.COM
BOC’s 2024 collection fell short of govt target
By Ada Pelonia
HE total collection of
TP931.046 billion in duties and taxes last year by the Bureau of Customs fell P8.648-billion short of the P939.694 billion target set by the Cabinet-level Development Budget and Coordination Committee.
“This revenue collection was achieved by the BOC despite the lower 2024 baseline due to the impact of tariff reduction in rice and selected electronic vehicles, and deferment of priority reforms such as excise tax on pick-ups under the Capital Market Promotion Efficiency Act,” the agency said over the weekend. It added that several ports, including Legazpi, Tacloban, Ninoy Aquino International Airport, Clark, and Cagayan De Oro, exceeded their revenue targets for the year.
The BOC said it also generated an additional P2.710 billion in revenue through post-clearance audits and voluntary disclosures applications. Meanwhile, collection from the Tax Expenditure Fund from government importations reached P13.238 billion.
In 2024, the BOC shared that it introduced various policies and initiatives to streamline payment processes and improve stakeholder experience.
Among these is the Electronic Payment Portal System (ePay), implemented through Customs Memorandum Order (CMO) 06-2024, which allows stakeholders to pay customs duties, taxes, and other fees online, thus minimizing physical transactions and enhancing efficiency.
It added that strategic partnerships further strengthened the agency’s payment systems.
The BOC said it formalized a memorandum of agreement (MOA) with LandBank of the Philippines to utilize the Link.BizPortal for digital payment processing.
Furthermore, a renewed MOA with Maya Philippines Inc. also integrated Maya’s payment platform into BOC operations, allowing seamless transactions through online channels, Point-of-Sale (POS) terminals, and Smart Padala centers.
“Through these efforts, the BOC continues to strengthen its role in promoting economic stability and supporting the Philippines’ growth, ensuring that customs operations remain efficient, transparent, and responsive to national needs.”
ACDD expansion
MEANWHILE, the BOC announced the expansion of the live electronic exchange of the Asean customs declaration document (ACDD) to the Lao People’s Democratic Republic (PDR) and Brunei Darussalam.
“This milestone strengthens our collaboration with Asean partners, ensuring a more efficient, transparent, and interconnected customs environment that benefits businesses and the economy,” Customs Commissioner Bienvenido Y. Rubio was quoted in a BOC statement as saying.
The agency noted that this event, made possible through the Asean Single Window (ASW) regional gateway, marked a significant step toward seamless and efficient crossborder trade in the region.
Aside from Brunei and Lao PDR, the Philippines also exchanges the ACDD with other Asean member states, including Indonesia, Cambodia, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
According to the BOC, the ACDD is a key document containing 15 mandatory parameters derived from the export declaration aimed at expediting customs clearance processes and facilitating the appropriate application of preferential tariff rates.
The BOC oversees the ACDD exchange through the “BOC-ACDD Management” portal.
SSS bares 2025 plans, vows cuts, expansion
THE Social Security System (SSS) announced that it is working to improve services for pensioners, to reduce the interest rate on its salary and/or calamity loan programs, and to pursue self-employed coverage.
“We are reviewing our guidelines on the Annual Confirmation of Pensioners (ACOP) program in relation to manner of compliance, requirements, and other verification processes toward making the experience more convenient to pensioners,” SSS President and CEO Robert Joseph M. De Claro was quoted in a statement as saying.
De Claro said over the weekend that such review is in reaction to experience and sentiments of retirement pensioners residing in the Philippines who are 80 years old and above who have to comply with current guidelines on ACOP under SSS Circular 2023-013 (dated 21 December 2023) to ensure continuous receipt of their pension benefit. Non-compliance will result in suspension or cancellation of the benefit. As of end-2024, there are 157,493 such pensioners of SSS.
“Our review of the current guidelines and profile of pensioners include analysis of age and geographical distribution of SSS pensioners, all possible means for ACOP compliance, and available SSS resources to facilitate convenient and easy compliance – including visit to home address by designated SSS branch or office personnel,” De Claro explained.
Rate cut IN the pipeline also for 2025 is
Financial sector’s resources grew 7.79%, thanks to UKBs
By Andrea E. San Juan
TOTAL resources of the financial sector grew 7.79 percent in December 2024, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
Data showed the total resources of the Philippine financial system amounted to P33.78 trillion in December 2024, higher than the P31.34 trillion posted in the same period in 2023.
Majority of the resources was ac-
By Ma. Stella F. Arnaldo @akosistellaBM Special to the BusinessMirror
THE surge in Filipinos traveling abroad led to a 7.62-percent increase in travel taxes collected by the government in 2024, compared to prepandemic collections.
Data from the Tourism Infrastructure and Enterprise Zone Authority (Tieza) showed it collected P7.75 billion in travel taxes last year, versus the P7.2-billion collected in 2019. Of the total collections last year, Tieza retained 50 percent as part of its legally mandated share, or some P3.88 billion; while the rest were divided among Commission on Higher and Education, 40 percent, at P3.1 billion, and the National Commission for Culture and the Arts, 10 percent, at 775.35 million.
counted for by funds held by banks, which rose 8.86 percent during the period. Resources held by banks amounted to P28.26 trillion in December 2024, higher than the P25.96 trillion recorded in December 2023.
Tieza, a government-owned and -controlled corporation chaired by the Department of Tourism, projects to collect about P6.85 billion in travel taxes this year. Of that amount, the government firm will likely retain P3.43 billion for its share.
55 infra projects
the reduction of interest rate on the salary loan and calamity loan programs of SSS. Currently, the interest rate for such loan programs is at 10 percent per annum.
“Given the consistent, solid performance of SSS’s investment portfolio, it is now timely to revisit the interest rate of our salary and calamity loan programs toward reducing it to increase the cash proceeds from loan applications by qualified SSS members,” De Claro also said.
The SSS’s annualized Return on Investment (ROI) from 2021 to 2024 ranged between 5.8 percent to 6.6 percent, performing well even through the Covid-19 pandemic.
Self-employed ACCORDING to De Claro, the SSS will also pursue better collection compliance from other groups of workers, particularly self-employed professionals (e.g., accountants, doctors, engineers, etc.), by coordinating and meeting with the Professional Regulation Commission (PRC) to discuss opportunities for cooperation and ensure SSS coverage of such workers.
“These plans and programs reiterate our message last month prioritizing service excellence first and foremost while ensuring financial discipline and sustainability through an empowered SSS workforce,” he added.
SSS Management and the Social Security Commission (SSC) will be tackling these plans/programs and ensure implementation within 2025, the statement read.
Last year, close to 7 million Filipinos traveled abroad for leisure or for work. They left mostly in July, October, November, and December. Overseas Filipino workers though are exempted from paying travel taxes. (See, “7 million Pinoys travel abroad in 2024; Hong Kong, Singapore, Japan top list,” in the BusinessMirror, Feb. 12, 2025.)
AS this developed, Tieza Chief Operating Officer Mark G. Lapid told the BusinessMirror its Board of Directors has approved a corporate operating budget (COB) of P3.79 billion for 2025. The COB this year is slightly higher than last year’s P3.07billion, from which Tieza funds its infrastructure projects. He said, however, that this year’s COB has yet to include the projects lawmakers included in the P1.55billion subsidy they allocated under the General Appropriations Act of 2025. “The additional projects under the GAA will still be approved in the coming board meeting, as this was mandated by the DBM (Department of Budget and Management) to be included in the COB 2025,” he explained. Lapid earlier said the subsidy was not requested by Tieza. (See, “Lawmakers’ pet projects find their way in tourism budget,” in the BusinessMirror , January 7, 2025.)
TransUnion names new CEO for PHL operations
FAULHABER
INFORMATION and insights company TransUnion LLC announced on February 11 the appointment of Peter Faulhaber as President and CEO of TransUnion Philippines (TransUnion Information Solutions Inc.).
Faulhaber will be responsible for overseeing the Philippines office under the guidance and supervision of Marie Claire Lim Moore, Asia-Pacific Regional President at TransUnion, and reporting to the Board of TransUnion Philippines, the company said through a statement. According to the firm, Faulhaber TransUnion Philippines from HSBC Philippines, where he served as head of the lender’s wealth and personal banking unit and held the
position of Vice-chairman at HSBC Investment and Insurance Brokerage Philippines, which was established during his tenure.
“We are excited to welcome Peter and his appointment comes at an important time for TransUnion Philippines as we work to further enhance our services and solutions in a rapidly growing market with surging credit adoption and proliferating digital services,” Moore was quoted in the statement as saying.
Faulhaber said through the statement that since its establishment, “TransUnion has enabled a large number of Filipinos consumers greater access to the formal financial system, unlocking more potential and opportunities in businesses and in communities.”
The BSP said the resources held by banks were largely accounted for by universal and commercial banks (UKBs), amounting to P26.438 trillion in December 2024. The data showed this was an 8.73-percent growth from the P24.316 trillion in December 2023.
The remaining resources held by banks were by thrift banks, rural banks, and digital banks, according to the BSP. The data showed the re
However, the BSP said, rural and cooperative bank (RCBs) and digital bank (DGB) resources posted the
This year’s COB will fund 55 infrastructure projects totalling P2.08 billion, with the most number of projects, at 15, located in Region 4-B (Mimaropa). The largest amount, at P500 million, will go to the Construction of a Sewerage System Treatment Facility on Coron, Palawan, a project under the National Tourism and Development Plan (NTDP) of 2023-2028. Lapid said the Detailed Engineering and Design (DED) for the project is already ongoing.
P240M for more TRAs
LARGE tourism infrastructure projects also include: Heritage Enhancement: A Fountain and Lighting Project in Bacolod City, Negros Occidental, classified as a preservation of historical, cultural, restoration, and heritage sites project (P300 million, procurement ongoing); Construction of more Tourist Rest Areas (TRAs) in various regions, a flagship project (P240 million, DED ongoing); Installation of Tourist First-Aid Facilities in various regions, a flagship project (P66.5 million, DED ongoing); and Construction of DOT-12 Regional Office Koronadal City, South Cotabato, an NTDP project (P52 million, Implementation ongoing).
Other projects are: the Provision
of Flood Control System and Rehabilitation of driving range and netting for the Club Intramuros Golf Club in Manila, a Tieza asset (P53.3 million, 50-percent complete before it was earlier suspended); P50 million each for the Santiago Dariuk Hills Ecotourism Center Development Project in Isabela (DED ongoing-an NTDP project) and the Development of Malibic-libic Falls Facilities in General Emilio Aguinaldo, Cavite (DED ongoing-NTDP); the ongoing implementation of the Tourism Event Center at Agri-tourism and Ecological Park project in Sto. Tomas, Batangas (P41.5 million, NTDP); Installation of Modular Docks in Puerto Galera, Oriental Mindoro (P41.3 million, DED ongoing-NTDP); and P40 million each for the Supply, Delivery and Installation of Solar Streetlights in Laiya, San Juan, Batangas (DED ongoing-NTDP), and the Development of Transit Tour and Medical Tourism Facilities (Medical Concierge) in various regions (Procurement ongoing, flagship project).
Aside from travel taxes, other sources funds for Tieza’s COB from the receipts of managing its various tourism assets, its concession fees as a share from operating the Boracay Island Water Co., and other fees.
By Justine Xyrah Garcia
ACOALITION of labor groups is calling for an “urgent” dialogue with newly-appointed Philippine Health Insurance Corp. (PhilHealth) President and CEO Edwin M. Mercado, warning that the state health insurer faces a looming financial crisis.
In a letter on Sunday, Nagkaisa Labor Coalition (N1) Chairman Jose G. Matula raised concerns about the agency’s ability to sustain the Universal Health Care (UHC) program.
Matula cited the recent expansion of PhilHealth benefits without actuarial studies or additional funding, as well as the absence of government subsidies in the proposed 2025 national budget.
In January, PhilHealth increased payouts for nearly 9,000 healthcare packages by 50 percent to ease outof-pocket costs and improve access to quality care.
While N1 supports the move, Matula questioned whether the insurer could sustain the higher benefits without clear funding sources.
“The health and welfare of millions of Filipino workers and their families should never be compromised due to financial mismanagement or budgetary constraints,” he said.
The labor coalition also flagged the withdrawal of P60 billion from PhilHealth’s reserves by the National
Treasury.
Matula warned that depleting the agency’s funds has further strained its capacity to deliver healthcare services.
“We firmly believe this amount should be returned immediately to ensure the long-term viability of the UHC program,” he added.
N1 also urged Mercado to push for a supplemental budget, coordinate with finance officials to recover the withdrawn funds, and release an actuarial assessment by the UP Health Institute as required under the Universal Health Care Act. The group also called for a broader actuarial study to guide future policies, warning that failure to implement safeguards could lead to insolvency or privatization.
Mercado, a US-trained orthopedic surgeon with decades of experience in hospital management, took over PhilHealth earlier this month, replacing Emmanuel R. Ledesma Jr. His appointment comes at a time of heightened scrutiny over the agency’s finances, following past allegations of fund misuse.
For 2025, PhilHealth has a corporate operating budget of P284 billion, with P271 billion earmarked for benefit payments, P12.5 billion for administration and personnel services, and P200 million for maintenance and other operating expenses. As of this writing, PhilHealth has yet to respond to the labor coalition’s request.
A NEW TRADE WAR? UNDERsTANDiNg TRUmp’s
REcipRocAl TARiffs
By Paul Wiseman & Christopher Rugaber
The Associated Press
President donald trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.
Since the 1960s, tariffs—or import taxes—have emerged from negotiations between dozens of countries. Trump wants to seize the process.
“Obviously, it disrupts the way that things have been done for a very long time,’’ said Richard Mojica, a trade attorney at Miller & Chevalier. “Trump is throwing that out the window...Clearly this is ripping up trade. There are going to have to be adjustments all over the place.’’
Pointing to America’s massive and persistent trade deficits—not since 1975 has the US sold the rest of the world more than it’s bought— Trump charges that the playing field is tilted against US companies. A big reason for that, he and his advisers say, is because other countries usually tax American exports at a higher rate than America taxes theirs.
Trump has a fix: He’s raising US tariffs to match what other countries charge. The president is an unabashed tariff supporter. He used them in his first term, and three weeks into
his second he has already slapped 10 percent tariffs on China; effectively raised US taxes on foreign steel and aluminum; and threatened, then delayed for 30 days, 25 percent taxes on goods from Canada and Mexico.
Economists don’t share Trump’s enthusiasm for tariffs. They’re a tax on importers that usually get passed on to consumers. But it’s possible that Trump’s reciprocal tariff threat could bring other countries to the table and get them to lower their own import taxes.
“It could be win-win,” said Christine McDaniel, a former US trade official now at George Mason University’s Mercatus Center. “It’s in other countries’ interests to reduce those tariffs.”
She noted that India has already cut tariffs on items from motorcycles to luxury cars and agreed to ramp up purchases of US energy.
What are reciprocal tariffs and how do they work?
T HE y s ound simple: The United
States would raise its tariff on foreign goods to match what other countries impose on US products.
“If they charge us, we charge them,’’ the president told reporters on Sunday. “If they’re at 25, we’re at 25. If they’re at 10, we’re at 10. And if they’re much higher than 25, that’s what we are too.’’
But the White House didn’t reveal many details. It has directed Commerce Secretary Howard Lutnick to deliver a report April 1 about how the new tariffs would actually work.
Among the outstanding questions, noted Antonio Rivera, a partner at ArentFox Schiff and a former attorney with US Customs and Border Protection, is whether the U.S. is going to look at the thousands of items in the tariff code —from motorcycles to mangos—and try to level the tariff rates out one by one, country by country. Or whether it will look more broadly at each country’s average tariff and how it compares to America. Or something else entirely.
“It’s just a very, very chaotic environment,” said Stephen Lamar, president and CEO of the American Apparel & Footwear Association.
“It’s hard to plan in any sort of longterm, sustainable way.’’
How did tariffs get so lopsided?
A M ERICA’ S tariffs are generally lower than those of its trading partners. After World War II, the United States pushed for other countries to lower trade barriers and tariffs, seeing free trade as a way to promote peace, prosperity and American exports around the world. And it mostly practiced what it preached, generally keeping its own tariffs low and giving
American consumers access to inexpensive foreign goods.
Trump has broken with the old free trade consensus, saying unfair foreign competition has hurt American manufacturers and devastated factory towns in the American heartland. During his first term, he slapped tariffs on foreign steel, aluminum, washing machines, solar panels and almost everything from China. Democratic President Joe Biden largely continued Trump’s protectionist policies.
The White House has cited several examples of especially lopsided tariffs: Brazil taxes ethanol imports, including America’s, at 18 percent, but the US tariff on ethanol is just 2.5 percent. Likewise, India taxes foreign motorcycles at 100 percent, America just 2.4 percent. Does this mean the US been taken advantage of?
T H E h igher foreign tariffs that Trump complains about weren’t sneakily adopted by foreign countries. The United States agreed to them after years of complex negotiations known as the Uruguay Round, which ended in a trade pact involving 123 countries.
As part of the deal, the countries could set their own tariffs on different products—but under the “most favored nation’’ approach, they couldn’t charge one country more than they charged another. So the high tariffs Trump complains about aren’t aimed at the United States alone. They hit everybody.
Trump’s grievances against US trading partners also come at an odd time. The United States, running on strong consumer spending and healthy improvements in productivity, is outperforming the world’s
other advanced economies. The US economy grew nearly 9 percent from just before Covid-19 hit through the middle of last year — compared with just 5.5 percent for Canada and just 1.9 percent for the European Union. Germany’s economy shrank 2 percent during that time.
Trump’s plan goes beyond foreign countries’ tariffs
N OT s atisfied with scrambling the tariff code, Trump is also going after other foreign practices he sees as unfair barriers to American exports. These include subsidies that give homegrown producers an advantage over US exports; ostensible health rules that are used to keep out foreign products; and loose regulations that encourage the theft of trade secrets and other intellectual property.
Figuring out an import tax that offsets the damage from those practices will add another level of complexity to Trump’s reciprocal tariff scheme.
The Trump team is also picking a fight with the European Union and other trading partners over socalled value-added taxes. Known as VATs, these levies are essentially a sales tax on products that are consumed within a country’s borders.
Trump and his advisers consider VATs a tariff because they apply to US exports.
ye t most economists disagree, for a simple reason: VATs are applied to domestic and imported products alike, so they don’t specifically target foreign goods and haven’t traditionally been seen as a trade barrier.
And there’s a bigger problem: VATs are huge revenue raisers for European governments. “There is
no way most countries can negotiate over their VAT...as it is a critical part of their revenue base,’’ Brad Setser, senior fellow at the Council on Foreign Relations, posted on X. Paul Ashworth, chief North America economist for Capital Economics, says that the top 15 countries that export to the U.S. have average VATs topping 14 percent, as well as duties of 6 percent. That would mean US retaliatory tariffs could reach 20 percent—much higher than Trump’s campaign proposal of universal 10 percent duties.
Tariffs and the trade deficit
T RU MP a nd some of his advisers argue that steeper tariffs would help reverse the United States’ longstanding trade deficits. But tariffs haven’t proven successful at narrowing the trade gap: Despite the Trump-Biden import taxes, the deficit rose last year to $918 billion, second-highest on record.
The deficit, economists say, is a result of the unique features of the US economy. Because the federal government runs a huge deficit, and American consumers like to spend so much, US consumption and investment far outpaces savings. As a result, a chunk of that demand goes to overseas goods and services.
The US covers the cost of the trade gap by essentially borrowing from overseas, in part by selling treasury securities and other assets. “The trade deficit is really a macroeconomic imbalance,” said Kimberly Clausing, a UCLA economist and former Treasury official. “It comes from this lack of desire to save and this lack of desire to tax. Until you fix those things, we’ll run a trade imbalance.”
reporter as Commerce Secretary nominee Howard Lutnick watches after Trump signed an executive order in the Oval Office of the White House, Thursday, February 13, 2025, in Washington. AP/Ben Curtis
Miss Universe Philippines 2025: The “Puksaan Edition”
AS expected, the heavy favorites to win Miss Universe Philippines 2025 delivered flawless performances at the press presentation held on Saturday, February 15. Called the “Puksaan (Annihilation) Edition” by pageant pundits, this year’s batch also boasts of fresh faces that won’t go down without a fight.
The Class of 2025 is composed of 69 (so far) candidates, all bearing the finest attributes of Pinay pulchritude homegrown and honed abroad. With most wearing power pantsuits, they introduced themselves at the Rizal Ballroom of the Makati Shangri-La to a packed crowd of media, sponsors and the directors of their localities.
Now, a disclaimer: While I’m fond of disclosing my forecasts of who will most likely win, and have had lucky guesses over the years, I failed to foresee the eventual triumph of Chelsea Manalo in 2024. Still, I’d love to offer my fearful predictions.
THE SEASONED VS THE UPSTARTS
THIS year’s de facto frontrunners have been successful flag bearers for the Philippines in international campaigns.
Muntinlupa’s Teresita Ssen Winwyn Marquez was a Top 15 semifinalist at Binibining Pilipinas 2015 and was crowned Reina Hispanoamericana 2017.
Nueva Ecija’s (representing the Filipino society of Melbourne) Chanel Olive Thomas was Miss Philippines Air 2015, Binibining Pilipinas Supranational 2017, and Top 10 semifinalist at Miss Supranational 2017.
Quezon Province’s Maria Ahtisa Manalo was Binibining Pilipinas-International 2018, First Runnerup at Miss International 2018, Second Runner-up at Miss Universe Philippines 2024, and a Top 10 semifinalist at the inaugural Miss Cosmo 2024. Siniloan, Laguna’s Yllana Marie Aduana was a runner-up at Miss Philippines Earth 2021, won Miss FIT Philippines 2021, a Top 12 semifinalist at Binibining Pilipinas 2022, won Miss Philippines Earth 2023 and eventually Miss Earth-Air 2023. Sultan Kudarat’s Chelsea Fernandez was Miss Philippines Earth-Water 2019, Binibining PilipinasGlobe 2022, and a Top 15 semi-finalist at The Miss Globe 2022. Taguig City’s Maria Katrina Llegado was 5th Runner-up at Reina Hispanoamericana 2019, and Second Runner-up at Miss Universe Philippines 2022. The six aforementioned queens may be seasoned, but that doesn’t mean they’re unbeatable. The other standouts at the press presentation, who will undoubtedly blossom as the competition progresses, are: Bacoor City’s Natsumi Sekiguchi, Baguio City’s Gwendoline Soriano, Benguet’s Maiko Ibarde (First Runner-up at Miss Summit International 2024, Bohol’s Tyra Goldman (Mutya ng Pilipinas Tourism International 2019 and Top 16 semifinalist at Top Model of the World 2019); Camarines Sur’s Shaina Rabacal, Camiguin’s Larsine Grace Jensen (Miss CosmoWorld Philippines
2023 contestant), Cebu Province’s Chella Falconer (Top 16 semifinalist at Miss Universe Philippines 2021), Iligan City’s Juliana Fresado, Isabela’s Jarina Kumari Sandhu, Laguna’s Eloisa Jauod; Manila City’s Jasmine Rovelle Paguio (Miss Eco Canada 2020, Miss Eco North America 2020, Third Runner-up at Hiyas ng Pilipinas 2024, and runnerup at Miss Philippines Earth 2022), Parañaque City’s Jenny Kim Agasid (Mutya ng Pilipinas 2019 contender), Tarlac Province’s Sasha Juli Belle Lacuna, and Zamboanga City’s KC Defiesta.
Sunset blush and other ways you can wear color on your cheeks
THERE’S this TikTok trend where you use only a lipstick to do your makeup for the whole face and, trust me when I say this, it looks good only on certain people. On others (like me), it does not look like I applied anything. Which tells you that makeup is personal. It’s a cliche but what works for others may not work for you.
The same is true of blush placement. If you have a round face, you are told that to make it less round, you need to apply in an upward motion up to the outer perimeter of your face. But what if you applied it just below and blend it upward up to the end of your eyebrow? That works, too, right?
The blush placement under the eyes is also very popular in Asia right now. It gives the impression that you are about to cry, which can be adorable (if you aren’t really about to cry, that is). This placement works best with pastel tones like baby pink and lavender. Of course, if you are older, you’re going to be told that this is for someone younger. But it will work, in my opinion, if you use a blush that’s light plum or a very faint mocha.
Applying blush closer to the perimeter of the face will give you a more snatched look and is perfect if you’re going to a more formal event. But blush applied nearer the middle of the face can give a youthful vibe that’s great for everyday.
Friends my age like applying their blush contourstyle with browner shades and I like it, too. But because I am a beauty writer, I am more adventurous. I like the “boyfriend blush” placement, which is applied lower on the face, beneath the cheekbones from the ear towards the nose. It mimics the way a man’s face is redder after he has exercised, kind of like how Prince Harry looks when he is flustered. My favorite combination for this is the GRWM Milk Tint in Coconut and Hourglass blush in Mood Exposure. I read that the best product to use for boyfriend blush is a cream but with our weather, I think it’s good if you set it with a powder. Sunset blush, which uses two bright shades of liquid blush and a highlighter, was also very popular in 2024, thanks to TikTok. The goal is for the two shades you’re using not to blend into one but for each color to show individually, with each hue mimicking a beautiful sunset. I don’t think sunset blush would be popular in Asia because we prefer the cute look with paler blushes in pink.
What’s very popular in Asia, especially the Philippines, is drunk or draped blush.
You know how Koreans look when they’re drunk in K-dramas? This is what it looks like. Drunk blush is not advisable for round faces because it adds volume and
roundness but if you want to do it, go ahead. Again, makeup is personal. As long as you’re happy with how you look, nothing else matters.
When applying blush, especially the overly saturated ones (like Patrick Ta’s), what I do is apply it to the back of my hand first with a small spatula. Then, I pick up color with my brush (a dense one) then apply it on my cheeks. I apply cream blush before powder.
The cheeks aren’t the only place you can apply blush, by the way. You can apply it to your temple, eyelids, the bow of your lips, and even on your chin. Don’t be intimidated by blush and bright colors. I am not an expert but I think there’s no wrong way to do your blush. I have seen girls wear very bright colors on their cheeks and it may be startling at first but if you look at it, it’s really cute.
Of the Tough 20, I am inevitably drawn to Bohol, Laguna and Camarines Sur.
STILL STRONG CONTENDERS
THESE impressions are based on what I saw during the press presentation. I hardly had time to talk to them, though, as fans joined the fray at the hotel’s ballroom foyer. But from what I gleaned from the meager interactions I had, these girls are just as passionate to pursue the coveted Miss Universe Philippines 2025 title: Albay’s Rani Lachmi Dado, Bacolod’s Louise Lian Bobe (Top 12 semifinalist at Mutya ng Pilipinas 2017), Basey, Samar’s Yoshabel Lebico, Ifugao’s (representing the Filipino society of New York) Valerie West, Ilocos Sur’s (representing the Filipino society of Washington State) Jeanne Nicole Lipa; Oriental Mindoro’s Rechel Hoco (known as the vlogger Rechel in Dubai), Pasay’s (representing the Filipino society of Pennsylvania) Amanda Russo (Miss Young Philippines USA 2019 and Miss Filipina International 2023 Tourism); Quezon City’s Zoe Hinay Honeyman, Romblon’s Mariah Nicole Valdez, San Jose, Batangas’ (representing the Filipino society of Eastern Canada) Jessica Victoria Cianchino (Second Runner-up at Miss Asia Pacific International 2019 as Miss Canada), and Tuguegarao City’s Thea Samantha Lacanlalay. n
FURTHER expanding its global reach, Solaire Resort North in Quezon City is thrilled to announce a two-year sponsorship deal with golf pro Ina Yoon from South Korea. The reigning Korean Ladies Professional Golf Association (KLPGA) Player of the Year proudly wore the Solaire logo as she celebrated this partnership during an intimate contract-signing event held on January 16 at the Skybar.
Demonstrating her remarkable prowess in professional golf, Ina Yoon recently claimed victory at the 2024 KLPGA Jeju Samdasoo Masters in August. Her impressive season also included four runner-up finishes, three third-place finishes, and 14 top 10 finishes. Yoon earned the prestigious Triple Crown by leading last year’s KLPGA tour in earnings, points, and stroke average, establishing herself
PHLPost announces UPU 54th International Letter Writing Contest for young people
THE Philippine Postal Corporation (PHLPost) invites all elementary and high school students from public and private schools nationwide, aged nine to 15 years old, to join the 54th Universal Postal Union (UPU) International Letter Writing Competition for Young People. The winning piece will be sent by PHLPost as the Philippines’ official entry in the worldwide letter-writing competition to be held in Berne, Switzerland.
The contest is a yearly event organized by PHLPost under the auspices of the Universal Postal Union (UPU), which is composed of 192 countries around the world of which the Philippines is an active member.
The 2025 competition asks young people to write a letter focusing on the theme: “Imagine you are the ocean. Write a letter to someone explaining why and how they should take good care of you.” The theme allows participants to creatively articulate their thoughts on the significance of ocean conservation.
The theme invites young participants to reflect on current global issues and propose sustainable solutions aligned with the 2030 Agenda for Sustainable Development principles. It encourages participants to think critically about pressing issues such as climate change, poverty, inequality, education, and healthcare and to envision a future where these challenges are effectively addressed through collective action and innovation.
In addition, this initiative not only
promotes creativity and literacy among youth but also raises awareness about crucial environmental issues, encouraging the next generation to engage and advocate for the health of the oceans.
The compositions must be recent and original handwritten letters in English according to the theme of the competition. It must not exceed the limit of 800 words in length. Entries must contain the elements of a letter, place, date, addressee’s address, opening and closing salutation, and signature. All entries must be the original work of the participant and must not be generated by any AI tools or systems. The contest committee reserves the right to verify the originality of the winning entry by testing the participant.
On a separate sheet of paper, the participant must indicate the following information: Number of words of the letter, complete name and address, Gender of Candidate, Age and /or Date of Birth, Colored 2×2 Photo, Name and Address of School/Grade or Year Level and Contact
Numbers (Telephone/Cellphone).
The first prize winner will receive P25,000 cash; the second prize, P20,000 and the third prize, P15,000. All winners will also be awarded medals, plaques, and albums of Philippine stamps. E-certificates of participation will be sent through the registered e-mail of the participants.
The criteria for judging are relevance to the theme of the competition, 30 percent; imagination and originality of the content, 20 percent; demonstrating a good style of writing and communication, 20 percent; demonstrating an extensive vocabulary, 20 percent and youthfulness of tone, 10 percent.
All entries must be submitted no later than 5 pm on 14 March 2025. All entries submitted after the deadline will not be accommodated. Entries sent through private couriers like LBC, DHL, 2Go, and JRS Express, among others shall be automatically DISQUALIFIED.
Entries must be placed in a brown envelope and may ONLY be submitted via Domestic Express Mail Service (DEMS) to: UPU 54th International Letter-Writing Competition for Young People 2025, Corporate Communications Division-Office of the Postmaster General Philippine Postal Corporation, Manila Central Post Office Building, Annex II Building, Magallanes Drive Liwasang Bonifacio, Barangay 659-A, Ermita, 1000, Manila Philippines.
Participants must register and attach a scanned copy of the original entry (PDF format) and a high-quality picture (PNG or jpeg format) at https://bit.ly/ PHLPost2025LetterWriting before its mailing. For more information, please visit the official PHLPost website at : www.phlpost.gov.
Smooth Leadership Transition at PhilHealth as new chief takes over
ASIMPLE turnover ceremony was held at the Philippine Health Insurance Corporation (PhilHealth) as outgoing PCEO Emmanuel R. Ledesma. Jr. formally handed over the reins to incoming chief, Dr. Edwin M. Mercado on February 10, 2025 in Pasig City. The event symbolized a smooth transition of leadership at the state health insurer.
Dr. Mercado, a US-trained orthopedic surgeon with 35 years of experience in hospital management, was sworn in by President Ferdinand R. Marcos Jr. at Malacañang Palace last February 4, 2025. His extensive background in strategic planning, financial management, and primary care programs positions him well to lead PhilHealth towards achieving its mission of providing financial access
to quality healthcare for all Filipinos.
“Tayo po ay tumutugon sa direktiba ng ating mahal na Presidente Ferdinand ‘Bong- bong’ Marcos, Jr., at ito ay siguruhing tuluy-tuloy ang ating serbisyo at palalawigin pa ang mga benepisyo [We are responding to the directive of our beloved President Ferdinand “Bong-bong” Marcos, Jr., and this is to ensure the continuity of our service and extend the benefits.].” Mercado announced in his first address to all PhilHealth employees who convened in a corporate-wide flag ceremony.
Mercado thanked Ledesma for his leadership and emphasized his dedication to further enhancing the program for the benefit of all Filipinos. Under the twoyear leadership of Ledesma, PhilHealth made significant strides especially in benefits enhancement. Ledesma reaffirmed his continuing support to PhilHealth in the implementation of Universal Health Care. “Leaders may change, but our purpose to provide adequate health insurance coverage and to ensure that every Filipino has access to affordable, accessible, and acceptable health care remains the same,” the former PhilHealth PCEO said. Meanwhile, Mercado, vowed to further lower out-of-pocket medical costs for patients to down to as much as 25 percent from the current 45 to 47 percent. “Itutuloy natin ang pagpapalawak at pagpapabuti
ng ating mga benepisyo upang lalo itong madama ng mga Pilipino sa tuwing sila ay magpapagamot sa ospital [We will continue to expand and improve our benefits so that Filipinos can feel them more every time they receive treatment at the hospital,],”he pledged.
To do this, he underscored the importance of obtaining correct and relevant data that will be used as basis for future benefit enhancements. “Ito ay upang makamit natin ang hangaring mabawasan ang karagdagang gastusin na magmumula sa sariling bulsa ng ating mga miyembro tuwing sila’y nagkakasakit [This is so that we can achieve the goal of reducing the additional expenses that come from our members’ own pockets whenever they get sick.],” said Mercado.
The PhilHealth chief will also prioritize computerization and digitalization using modern technologies to enhance member experience, strong engagement with stakeholders, and improvement of operational processes, “Gagamitin ko ang aking kakayanan at malawak na karanasan sa larangan ng kalusugan upang tuparin ang mandato ng Korporasyon [I will use my competence and extensive experience in the field of health to fulfill the mandate of the Corporation.],” he said.
With the help and support of the 9,000 strong employees, Mercado vowed to announce good news to the public, “We will strive na every 30 days po ay may ibabahagi tayong magandang balita (para sa mga miyembro) [We will strive that every 30 days we will share some good news (for members).],” he ended.
Filinvest Malls, DFA Open NCR South Consular Office at Festival Mall
services to residents of Muntinlupa, Las Piñas, Parañaque, and nearby provinces Cavite, Laguna, and Batangas. Located at the West Wing, 3rd Floor, the 800 squaremeter consular office is the only DFA facility south of Metro Manila. Operating from 10 am to 5 pm, it offers a convenient alternative for individuals and businesses seeking consular services without traveling to other parts of the metro. The inauguration was attended by DFA Assistant Secretary for Consular Affairs Adelio Angelito Cruz; Muntinlupa City Mayor Ruffy Biazon;
of
Adelio Angelito Cruz, Assistant Secretary, Office of Consular Affairs, DFA; Ambassador Joseph M. Yap, Former Ambassador of the Philippines to Singapore and Chairman, FREIT Fund Managers Inc.; Director Raddy Demdem, Consular Office Coordination Division, DFA; Mitch Dumlao, First Vice President & Retail Business Unit Head, Filinvest Malls; Manuel Moran Jr., Head of Consular Office, DFA.
ph and social media accounts at Facebook www.facebook.com/PHLPost. You may also contact Rianne Aybil U. Penaredondo, Acting Chief, from the Corporate Communications Office of the Postmaster
General at their e-mail address: corcom@ phlpost.gov.ph. The contest period is from February 5, 2025 to March 9, 2025. The final winner must be determined no later than 21 March 2025.
Documentary on West Philippine Sea releases gripping teaser
AWARD-WINNING documentarist Baby Ruth Villarama released the teaser for her muchanticipated film “Food Delivery: Fresh from the West Philippine Sea,” her entry into the 2025 Puregold CinePanalo Film Festival, and what seeks to be a strong contender for multiple awards at the country’s fastestrising film fest. According to Villarama, the film, which harkens to the current maritime conflict between the Philippines and China, is ultimately a story about empathy. “We want the audience to understand that sovereignty is not just a political issue; it’s a deeply personal one for every Filipino,” says Villarama, “From the fishermen risking their lives to feed their families, to the Coast Guard and Navy personnel delivering food to the soldiers on remote outposts, Food Delivery illustrates the shared sacrifice and the collective love we all have to protect our way of life.” Villarama is best known for her documentary “Sunday Beauty Queen” which won Best Picture at the 2016 Metro Manila Film Festival. Outside of “Sunday Beauty Queen,” Villarama has also been involved for over a decade in international co-productions as a producer and documentary director for local and international news organizations. Many of the documentaries co-produced by Villarama take a socially-conscious angle, and as such, have been featured in international festivals in Cannes, Berlin, Venice, and others. Outside of her filmmaking work, Villarama is also a distinguished academic, having earned a master’s degree in film marketing and distribution from Birmingham City University in the United Kingdom as part of the highlycompetitive Chevening Scholarship program. Because of her efforts, she also won the 2018 UK Global Alumni Social Impact Award because of the way her films explore the concepts of migration and modern-day slavery. Villarama also uses her spare time in serving as a board member of the Director’s Guild of the Philippines, as a member of the National Commission for Culture and the Arts’ cinema committee, and as a member of the Voyage Studious and Film Producers Society that seeks to push Filipino directors to greater heights.
With a resume such as hers, Villarama is evidently one of the odds-on favorites to bag multiple awards at the 2025 Puregold CinePanalo Film Festival. And with the release of the teaser for Food Delivery, it’s easy to see why.
The teaser begins with the visual of a simple fishing boat innocuously bobbing along the ocean waves. That is, until the camera sinks beneath the water, revealing an overwhelming amount of fish, and signaling to the overwhelming burden placed on the fishermen assigned to catch them. The teaser then moves to a more ominous visual - two boats, a fishing boat and a coast guard ship, carrying the Philippine flag - before ending with the titular statement: “fresh from the West Philippine Sea.”
In speaking on such a delicate subject matter, Villarama has described Food Delivery as a film about unity, sacrifice, and the Filipino spirit. According to Villarama, what she hopes 2025
DR. Edwin Mercado and Emmanuel R. Ledesma Jr.
The charm of volunteerism: A new focus for HR
IN recent years, volunteerism has emerged as a vital initiative for organizations in the Philippines, particularly in enriching employee engagement and retention (cbos.com.ph). As companies seek innovative ways to cultivate a motivated workforce, volunteering stands out as a meaningful avenue that provides employees with a sense of purpose beyond their daily tasks.
As an occasional volunteer myself, I had front row experience in many Hands On Manila (HOM) events. It made me think of how employees are motivated when they engage in volunteer activities, as these experiences provide them with a sense of purpose and positively influence their perception of actual work.
HOM has been at the forefront of promoting volunteerism in the Philippines. As the country’s sole affiliate of Points of Light, a global non-profit organization dedicated to inspiring, equipping, and mobilizing volunteers, HOM plays a crucial
HONOR P H ili PP i N e s R e s H a P e s N e xt-ge N e -c O m me R c e wit H t i k t O k sH OP b R e akt H RO ug H MANILA, PHILIPPINES—HONOR Philippines is proving that tech innovation goes beyond devices; it extends to how brands connect with consumers. Through a bold and data-driven approach to ecommerce, the leading global provider of smart devices has emerged as a standout performer on TikTok Shop, leveraging the platform’s full ecosystem to drive visibility, engagement, and sales.
role in connecting individuals and organizations with impactful service opportunities. Their mission is to make volunteering accessible and engaging, creating a vibrant community of volunteers who work together on various projects addressing pressing social issues such as education, health and wellness, the environment, and livelihood ( Handsonmanila.org ).
HOM’s flagship event, Servathon, exemplifies how structured volunteer activities can engage employees effectively. This large-scale initiative not only encourages companies to participate but also facilitates teamwork among colleagues, cultivating deeper connections and a shared sense of responsibility toward societal challenges.
N d k r istine Bautista-Ambrosio, HOM executive director, described Servathon as a fun, large-scale way to get people and companies involved in meaningful service. She added, “it fosters teamwork while raising aware -
ness on key social issues. It’s all about making volunteering accessible, engaging, and impactful as it brings together hundreds of volunteers for hands-on service projects.” As of 2025, Servathon has registered up to 20,000 volunteers in more than 60 initiatives.
Volunteering provides multiple benefits as attested to by these three individuals who make it a point to participate in HOM’s volunteer activities.
catalysts for change
M AN y v olunteers experience a shift in perspective when they engage in community service.
For Gerlyn Petilos, VP for Operations, Governance d ata at ISSSTOXX, volunteering became a way to alleviate stress and find fulfillment outside of work. Her journey illustrates how volunteering can transform personal challenges into opportunities for growth. Petilos added, “I started volunteering for Hands on Manila because I was stressed at work and wanted something different to do on weekends.”
Moses Castillo, Research Analyst at d e ltek Inc., shared “joining Servathon was driven by pure curiosity. It allowed me to experience what it’s like to be a volunteer and help in the best way possible.”
commitment to community
A k E EN sense of social responsibility also drives many volunteers. They often feel compelled
to provide for their communities and make a difference. This commitment advances a culture of giving back and supporting those in need. Jean Mariel Sicam, Assistant Manager for Public Relations at Far Eastern University expressed, “giving back has always been a personal commitment for me. I have a soft spot for abandoned disabled children and grandparents, and I try to conduct my own outreach initiatives whenever possible. Volunteer activities like Servathon reinforce my belief that even small acts of kindness can create a meaningful impact.” On his part Castillo singled out his experience during the Manila Bay clean-up drive, “this was my way to contribute to the community, even with my busy schedule.”
cultivating competence
VO LUNTEERISM serves as a valuable platform for skill development. Participants often find that their involvement enhances both professional and personal competencies, equipping them with essential skills that are transferable to their careers.
“These activities helped improve my logistical organizational skills and enhance my leadership abilities,” shared Petillos, while Castillo strongly feels, “joining Servathon sharpened my ability to collaborate and learn more about teamwork.”
camaraderie and connection
VOLUNTEERING nurtures
strong social bonds among participants, creating a supportive community that extends beyond the workplace. These connections enhance teamwork and collaboration in the work environment. Sicam intimated, “volunteering has allowed me to bond with colleagues outside of our usual work settings.” This is especially true for Petilos: “I found like-minded individuals that became my lifelong friends through volunteering.” I encourage HR professionals to see the value of incorporating volunteerism in their structure as it is not merely a trend; it is a transformative undertaking that underscores the significance of purpose-driven work. Engaging in volunteer initiatives into their corporate culture, HR professionals can enable employees to discover their potential as change-makers. From the sharing of our three volunteers, we can yield that being immersed in meaningful volunteer work strengthens connection to their specific roles that leads to improved job satisfaction and retention.
PR Matters is a roundtable column by members of the local chapter of the United Kingdombased International Public Relations Association (Ipra), the world’s premier organization for PR professionals around the world. Rowena Capulong Reyes, PhD is the vice president for Corporate Affairs of Far Eastern University (FEU). She is an executive committee member of the Metro Manila Film Festival 2023 and heads its education committee. She was formerly the Dean of FEU Institute of Arts and Sciences and Colegio de San Juan de Letran. She is the immediate past president of the Philippine Association of Communication Educators (PACE), serving two terms. We are devoting a special column each month to answer our readers’ questions about public relations. Please send your questions or comments to askipraphil@ gmail.com.
Driving sales through strategic product launches A k E y factor in HONOR’s success was its well-timed product launches and compelling offers tailored to TikTok Shop’s unique shopping experience. The introduction of the HONOR X7c during the 11.11 Paskong Panalo Sale served as a major growth driver, amplifying brand visibility during a peak sales period.
In addition, HONOR strengthened its online presence by rolling out exclusive discounts, including 10 percent off for the HONOR X9b during regular sales and up to 30 percent off with TikTok Pay Later. TikTok Pay Later is a credit-based payment method available on TikTok Shop, offering customers a
In the fourth quarter of 2024, HONOR recorded a 1.7x performance increase compared to Q1 to Q3, securing its place among TikTok Shop’s Top 20 brands in the Phones & Tablets category and ranking #13 overall. The brand’s success is rooted in a strategic fusion of product innovation, content creation, and precision advertising, all guided by TikTok Shop’s ACE Indicator System, which focuses on Assortment, Content, and Empowerment to measure and optimize seller performance. By implementing targeted product drops, viral content strategies, and high-impact ad placements, HONOR achieved a 174 percent growth in gross merchandise value (GMV) in Q4 2024 compared to the first three quarters of the year. These results highlight the brand’s ability to translate digital engagement into tangible sales, setting a new standard for tech retail in the fast-evolving social commerce landscape.
“shop now, pay later” experience. Eligible users can access credit limits of up to P50,000, repayable in up to 12 installments. This feature allows for flexible payment options, enhancing the shopping experience on TikTok. These incentives boosted sales and positioned HONOR as a top-performing brand within its category.
“We strategically time our product launches to coincide with major sales events, ensuring maximum consumer engagement and higher conversion rates,” HONOR Philippines Vice President Stephen Cheng said. “By aligning our releases with peak shopping periods, we create heightened anticipation and provide customers with exclusive deals, making our offerings even more compelling. On the other hand, TikTok Shop provides the perfect platform for us to showcase our innovations, offering customers both quality and value in a seamless shopping experience.”
Optimizing product listings also played a crucial role in HONOR’s growth. By strategically highlighting each device’s unique selling points, the brand drove a 114% increase in Shop Tab GMV and a threefold increase in non-affiliate GMV, proving the effectiveness of its organic and affiliate-driven sales strategies.
en gaging content fuels consumer connection
HO NOR Philippines has also leveraged the power of contentdriven commerce, turning TikTok Shop into a hub for immersive shopping experiences. The brand conducted daily livestreams, averaging 12 hours per day, to directly engage with potential buyers and build real-time connections.
This commitment to live selling paid off significantly, leading to a 400 percent increase in Live GMV during the 12.12 Paskong Panalo sale compared to regular business days. Quarter-on-quarter, live selling revenue skyrocketed eightfold, demonstrating the growing consumer demand for interactive and engaging shopping experiences.
Beyond livestreams, HONOR also amplified its presence by participating in viral challenges and trending short-form content, further boosting customer interaction. One of its most successful sessions even recorded a gross profit margin (GPM) of 17.72, proving that highly engaging content translates directly into stronger sales.
leveraging t ikto k sh op’s tools for sustained growth
B E yON d c ontent and product
strategy, HONOR Philippines has fully embraced TikTok Shop’s advertising and campaign ecosystem to strengthen its digital commerce leadership. The brand actively joined weekly and monthly platform-wide campaigns, reinforcing its commitment to long-term growth.
HONOR also maximized TikTok Shop’s precision-targeted ad formats, including Product Showcase Ads (PSA), Video Shopping Ads (VSA), and Live Shopping Ads (LSA). This investment in digital advertising resulted in a 4.5x increase in return on ad spend (ROAS) and secured HONOR a spot among the top 11 brands in the Phones & Tablets category during the 12.12 sale.
“Our strategic approach to TikTok Shop’s ad solutions has been instrumental in reaching the right audiences and driving impactful results,” Stephen added.
“By leveraging data insights and optimizing our campaigns, we’ve strengthened our visibility and customer connections, setting the stage for continuous growth.” s e tting the standard for digital retail excellence
“HONOR Philippines has truly leveraged TikTok Shop to its full potential, using the platform’s unique tools to connect with local consumers in meaningful ways,” TikTok Shop Philippines Marketing Lead Franco Aligaen said.
“Their success is a testament to how TikTok Shop empowers local brands, like HONOR, to compete on a global scale by combining innovation with a deep understanding of their audience, whether through live sessions, exclusive promotions, or creative content.” Beyond its strong numbers, HONOR’s success underscores the transformative power of digital commerce. As the brand continues to refine its approach and expand its reach, it sets a compelling precedent for how businesses can thrive in the ever-evolving world of online retail.
For more informxation on HONOR Philippines’ latest offerings, visit their official TikTok Shop page.
A S t he ecommerce landscape continues to evolve, HONOR Philippines showcased how brands can successfully blend technology, content, and strategic marketing to thrive in the digital marketplace. Through well-timed product launches, immersive livestreams, and data-driven ad placements, the brand has positioned itself as a leader in the competitive smart device industry.
astillO, Research analyst at Deltek inc.
Jea
manager for Public Relations, Far eastern university
POC to ask gov’t to fund PHL curling’s Olympic bid
By Josef T. Ramos
THE Philippine Olympic Committee (POC) seeks support from government for the country’s curling team after winning the country’s first-ever Asian Winter Games gold medal.
Just a few hours after their successful campaign in Harbin, China, the Philippine men’s curling squad of Filipino-Swiss brothers Marc and Enrico Pfister, Christian Haller, Alen Frei, Benjo Delarmente took a flight to the Philippines Saturday night and attended a Sunday morning news conference at the Knights Templar Hotel in Tagaytay.
You did not ask how they survive without the support of the government? They were just recognized by the POC recently. If we meet the President, we will request to support their journey to the Winter Olympic Games,” POC President Abraham “Bambol” Tolentino said. “They are paying their own expenses
every time, and it’s not a joke. So we really need that financial support to sustain and we’re preparing for all the competitions, even the developmental stage,” Tolentino added.
“ We will also request for other winter sports, too, like for our alpine skiers, figure skaters, snowboarders, freestyle skiers, short track speed skaters because they are training very hard to represent our country in these overseas competitions.”
Tolentino also said the Filipino curling team is entitled to receive P2 million cash incentives from the government through Republic 10699. We would like to thank everyone here for helping and supporting us in this journey. It’s a great testament to show that we as a tropical country can play the sport and make success. We made everybody proud,” Haller, 45, a former Swiss national curling team member, said.
The team members are expected to leave the country on Tuesday.
T he Filipinos ended the round-
Sinner accepting a three-month doping ban deal was slammed by his fellow tennis professionals on Saturday. S inner and the World AntiDoping Agency settled on the suspension that means he can play again from May 5, will not lose his No. 1 ranking, will not miss any Grand Slams, and will not lose titles or prize money he earned after testing positive for a banned anabolic steroid last March.
Three-time Grand Slam champion Stan Wawrinka wrote on X, “I don’t believe in a clean sport anymore...” “Fairness in tennis does not exist,” Wimbledon runner-up Nick Kyrgios said on X.
Obviously Sinner’s team have done everything in their power to just go ahead and take a 3 month ban, no titles lost, no prize money lost. Guilty or not? Sad day for tennis.”
World No. 8 Daniil Medvedev, speaking after losing in the Open 13 semifinals in Marseille, said, “I hope
The Impact of Chess
B8 | Monday, FeBruary 17, 2025
mirror_sports@yahoo.com.ph
Editor: Jun Lomibao
DEFENDING champion Manila Southwoods leads four teams in the championship division of the 76th Philippine Airlines Interclub
robin campaign with a 4-1 win-loss slate—their only loss during that stage was from South Korea, 1-6, but got their chance for revenge.
T he Philippine men’s team beat World No. 10 Japan, 10-4, in the qualification before dismantling host No. 17 China, 7-6, in the semifinal and stunned No. 7 South Korea, 5-3, in Friday’s final match.
“I t’s wow, and really amazing that we won our first ever winter games gold, not only by the Philippines but the whole Southeast Asia. It was two days after Thailand won Southeast Asia’s first medal, which is a bronze medal,” Tolentino said.
There are two ways for the Philippine curling team to reach the Milano Cortina Winter Olympic games in February next year in Italy—the pre-Olympic qualifying in September where the top three qualify, and December’s Olympic qualification offering two slots. No venues and dates have been announced so far.
SAN FRANCISCO—Mac McClung will leave it up to others to decide where he ranks among the best dunkers ever. When it comes to the dunk contest, there is no doubt.
T he G League star and dunk maven put on a remarkable show at NBA All-Star Saturday night by recording perfect scores of 50 on all four of his jaw-dropping, creative dunks to become the first player to win three straight dunk contests.
“It kind of feels like a blur,” he said.
“It’s something I love doing. That’s where my creativity comes is I genuinely love this contest and I love to dunk.”
Nate Robinson is the only other player to win the dunk contest three times, taking it in 2006 and then repeating in 2009-10.
McClung needed to be nearly perfect to top San Antonio’s Stephon Castle in the final round after Castle followed up a 49.6 with his first dunk with a 50 on his second when he went behind his back to switch from his right hand to left before the slam.
But McClung was up to the task and
everyone can discuss with WADA and defend themselves like Jannik Sinner from now on.”
Former British No. 1 Tim Henman told Sky Sport, “When I read the statement this morning it just seems a little bit too convenient.
“Obviously having just won the Australian Open, to miss three months of the tour and therefore to be eligible to play at Roland Garros, the timing couldn’t have been any better for Sinner, but I still think it leaves a pretty sour taste for the sport.”
I love the news that many NFL (National Football League) players are taking up chess not only as a pastime, but to better improve their game at American Football.
“Before a play starts. The pieces are set, this is the position on the chess board. When the play happens, it becomes football.”
I agree wholeheartedly. Granted that it isn’t just chess where one has to make a fast and intelligent read of a play before and as it develops, the fact these NFL players are actively playing chess (on chess.com no less) shows that they know its massive upside.
And this has been the subject of an official NFL documentary.
Furthermore, it isn’t only in the NFL.
Tennis great Boris Becker used chess as a training technique.
“My then-coach (Gunther Bosch) thought that chess would
A slot can be obtained through points allocation but the Philippines is out of the equation as world No. 51 with 1.318 points. For comparison, world No. 1 Sweden has 84.085 points.
Delarmente, also president of Curling Pilipinas, has no doubt they have a fighting chance in the qualifiers.
“There are only two ways to qualify, and that’s to be top three in the preOlympic and top two in the Olympic qualification,” Delarmente said. “But I believe our players will fight for it just like they did in Harbin.”
P fister wife Jessica, who is also the men’s team coach, is hoping to be considered for naturalization to also be able to represent the Philippine women’s team.
That’s something new for us, a great opportunity to represent the Philippines in the Olympics or in the world,” Pfister, 35, who represented Switzerland in three world championships, said. “We are Filipinos, and we’re very proud of it.”
now has as many dunk contest wins in his career as he does dunks in NBA games, according to Sportradar, as he has only played five games in the NBA.
For his final dunk, McClung stationed 6-foot-11 Evan Mobley on a platform in front of the basket. With Mobley holding the ball behind his head, the 6-2 McClung jumped over him, tapped the rim with the ball before slamming it home to the delight of the crowd and judges.
His performance got NBA stars like Ja Morant and Giannis Antetokounmpo to talk about getting into the contest to go up against McClung.
“I think th e contest is a beautiful thing,” McClung said. “I know people probably want bigger stars in it and I would love to see that. I think it’s important for the people in it to want to do it.... This contest is a special thing. We all love it.”
McClung’s first dunk in the final round featured him taking one ball in midair for a windmill dunk with his right hand while slamming home another stationed near the rim with his left. AP
Sexpand my intellectual awareness of structuring a point.”
Basketball stars Luka Doncic of the Los Angeles Lakers, and Victor Wembanyama of the San Antonio Spurs—including the retired Derrick Rose—also play chess. Doncic played it as a kid and calls it a “mind game”
“For me, you have to read what the other guy is going to do. That is the similarity of basketball and chess.”
In December of 2024, Wembanyama invited chess fans to play against him in Washington Square Park.
Amazing.
I remember former Ateneo Men’s Football Team coach, Ompong Merida, who won four UAAP titles, constantly telling his wards that the game is won not merely by skill and determination, but also by the speed of thought—making quick and intelligent reads before a play happens.
We all know how chess makes you
The Philippines’
the
Chess Association of the
(PCAP) has always made it a point to stress the advantages of playing chess not just in their tournaments, but also during their clinics. I think that PCAP and the National Chess Federation of the Philippines (NCFP) should borrow the NFL example in promoting chess locally. As well as to professional athletes of other sports if only to
COACH Miguel Gutierrez, Alan Beat Frei, Enrico Gabriel Pfister Jarryd Bello VIII Curling secretary general Hon. Abraham “Bambol” Tolentino, Benjo Delarmente Curling Pilipinas President/Athlete, Marc Angelo Pfister, Christian Patrick Haller and Coach Jessica Pfister at Knights Templar Hotel in Tagaytay City. NONIE REYES
THE parties involved in the decision-making process in the Jannik Sinner case were the ATP, WTA, Grand Slams, WADA and International Tennis Integrity Agency. AP
SAVI DAVISON wins the vote over Petro Gazz star Myla Pablo, Creamline’s Bernadeth Pons, Choco Mucho’s Sisi Rondina, and Cignal rookie Ishie Lalongisip for the PVL citation.
MAC MCCLUNG says he isn’t sure if he will go for a fourth straight title. AP
