THE Embassy of the Russian Federation in the Philippines hosted on June 5 a State Reception on the occasion of the National Day of Russia.
‘GEOPOLITICS, GLOBAL WOES MAR FDI OUTLOOK’
By Cai U. Ordinario @caiordinario
UNCERTAINTIES in the global economy, geopolitical tensions, and friendshoring paint a grim outlook for the country’s ability to attract foreign direct investments (FDIs) in the coming months, according to economists.
PHILIPPINE banks and the national government are cracking down on online scams that are defrauding Pinoys by issuing joint advisories and creating a national database. In a statement, the Bankers Association of the Philippines (BAP) said banks are closely collaborating with the national government for a “whole-ofecosystem” approach on cybersecurity.
These agencies include the Department of Information and Communications Technology (DICT), the Bangko Sentral ng Pilipinas (BSP), and the National Privacy Commission (NPC).
“This approach would include other private-sector entities such as fintech firms, e-commerce companies, and telcos,”
the BAP said in a statement on Tuesday.
“This would boost the banking industry’s existing initiatives—which include ramping up spending on cybersecurity infrastructure, awareness campaigns, and introducing innovative cybersecurity measures to replace existing mechanisms, such as One-Time Passwords,” it added.
The BAP said the efforts will include joint public advisories about cyber safety and the creation of a national scam/fraud database to make it easier to hold cybercriminals accountable.
The initiatives will also include the launch of consumer education campaigns; real-time coordination protocols between
ABy Ada Pelonia @adapelonia
GRICULTURAL imports outpaced farm exports in April, but the gap has been narrowing, based on data from the Philippine Statistics Authority (PSA).
Figures from the International Merchandise Trade Statistics (IMTS) showed that the farm trade deficit in April narrowed by 12 percent to $859.04 million from $976.55 million recorded in the same period in 2024.
This figure showed a decline compared to March’s 11.1-percent jump and the 8.4-percent increment from a year earlier in April 2024.
Overall, the country’s total agricultural trade stood at $2.35 billion in April, slightly up 0.1 percent from the previous year. This showed a marginal increase from March’s 16.5-percent growth and 25.6-percent gain recorded in
April last year.
Meanwhile, farm exports were on the upswing, growing by 8.7 percent year-on-year to $743.22 million. These agricultural goods accounted for 11 percent of the country’s total outbound shipments.
The leading farm exports of the Philippines were animal, vegetable, or microbial fats and oils and their cleavage products; edible fruit and nuts; and preparations of vegetables, fruit, nuts, or other parts of plants.
This was followed by preparations of meat, of fish, of crustaceans, mollusks or other aquatic invertebrates, or of insects; and tobacco and manufactured tobacco substitutes.
The PSA noted that of the commodity groups, animal, vegetable, or microbial fats and oils and their cleavage products, valued at $256.47 million, held the lion’s share of total agricultural exports in the reference period.
Receipts from exports, however, paled in comparison to the import bill, which settled at $1.6 billion or 68.3 percent of the total agricultural trade.
Despite this, payments for food purchases during the period were 3.5 percent lower than the $1.66 billion recorded in the reference period last year.
Cereals, including rice and wheat, were the country’s top food imports at $356.63 million, or nearly 20 percent lower than the $443.28 million recorded in the previous year. It accounted for 22.3 percent of the total value of agricultural imports in April. The top five sources of cereals for the Philippines were Vietnam, Australia, the United States, Thailand, and Argentina.
$46-B export revenues for semicons eyed this year
By Andrea E. San Juan @andreasanjuan
THEsemiconductor and electronics industry may hit around $46 billion in export revenues this year despite the tariff woes, according to Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (Seipi).
The $46 billion export-revenue level was achieved by the industry in 2022, based on data from the Philippine Statistics Authority (PSA). This is 18 percent higher
than the $39.08 billion export revenues in 2024.
“If you look at the year to date numbers, we may even reach the scale of what we have...[in 2022] to
PHL has fastest-growing…
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“The numbers paint a stark picture that demands our immediate attention and coordinated action across all levels of government and society,” said Louie Ocampo, UNAIDS Country Director.
the tune of about $46 billion,” Seipi President Danilo C. Lachica said at a forum on Tuesday.
PSA data showed that in the January to March 2025 period or the first quarter of 2025, the country’s export revenues from electronic products reached $10.54 billion, 0.4 percent higher than the $10.50 billion in export earnings in the same period in 2024.
The Seipi chief stressed anew that while Philippine exports would be slapped with 17-percent tariffs by the United States, he said the semiconductor and electronics industry is “probably in a better position not only from country perspective, comparing the different countries, but from an industry perspective.”
He further explained that for semiconductors, the Integrated Circuits that the Philippines exports
“We cannot afford to treat HIV as a health sector issue alone. It requires a whole-of-government, whole-of-society response,” he added.
In June 2021, UN Member States adopted the UNAIDS 95–95–95 targets for HIV by 2030: mean-
have no tariff.
“But for the EMS products there are, it’s a range of 3 percent to 7 percent and still, we’re trying to negotiate to lower that,” added Lachica.
However, the Seipi chief maintained a wait-and-see stance on the tariff issue while taking advantage of the relatively lower tariffs slapped on the Philippines compared to its Asean peers.
Lachica said his optimism for the industry’s performance this year rests on the newly enacted CREATE More and the lower tariffs imposed on the Philippines by Washington.
“Between the CREATE More and the fact that we have lower tariffs, so we’re optimistic that we can see some modest growth in the semiconductor and electronics industry,” he also noted.
ing, 95 percent of people with HIV know their status, 95 percent of those who know their status are on antiretroviral therapy (ART), and 95 percent on ART achieve viral suppression.
Achieving the 95-95-95 targets will help reduce HIV transmission.
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economic managers of both countries on US’s reciprocal tariffs.
Defense and security
MANALO and Rubio likewise discussed continued US support of the AFP modernization, with offers of foreign military sales, and the latest conduct of the Balikatan exercises.
Both cited the recent “positive” outcome of the meeting of their defense counterparts last March 2025.
In a joint vision statement, Secretaries Gilbert Teodoro of the Philippines and Pete Hegseth of the US agreed to focus more on “defense industrial cooperative” efforts such the production and logistics of drones; storage, all-up round production of ammunition components and refinement of critical minerals.
This is the third engagement between the two secretaries since Rubio was appointed State secretary in January.
They had a phone call in January and a meeting at the sidelines of the Munich Security Conference in
However, the Philippines falls short of these targets. In March 2025, about 139,610 Filipinos (55 percent of the estimated total) have been diagnosed and are living with HIV, but only 92,712 of them (66 percent of those diagnosed) are on life-saving
March. Philippine Ambassador to the US Jose Manuel Romualdez accompanied Manalo in the meeting.
From Washington D.C., Manalo will fly to New York City for a meeting with UN Secretary-General, Mr. Antonio Guterres on June 11. He will also keynote the 127th Philippine Independence Day celebration, and an event of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities.
“In my official meetings in New York, I will affirm the unwavering commitment of the Philippines, as a founding member of the United Nations, to remain actively engaged in all discussions to support the UN and work with UN member states for global action on pressing challenges of our time,” Manalo said in a statement before his departure from Manila.
The Palace had earlier announced that Manalo will return to New York City to head the Philippine Permanent Mission to the UN in August 2025.
DFA Undersecretary Ma. Theresa Lazaro will be the new Secretary as soon as Manalo gets his agrément from the UN. Malou Talosig-Bartolome
antiretroviral therapy. Of those receiving ART, only 41,786 have been tested for HIV viral load to check how well the treatment is working, and 36,630 (40 percent of those on treatment) have the viral load under control.
Frasco: I consulted local Visayas, Mindanao leaders
THE deputy speaker who did not sign the manifesto of support backing Speaker Ferdinand Martin Romualdez on Tuesday reiterated that his decision was rooted in consultations with local leaders from the Visayas and Mindanao.
House Deputy Speaker Duke Frasco, who was recently expelled from the National Unity Party (NUP), said in a statement that “growing frustration” has emerged among his constituents and fellow lawmakers over the perceived erosion of unity in Congress.
“In recent weeks, I have spoken with my colleagues in Congress,
local leaders—especially from the Visayas and Mindanao—and most importantly, with my own constituents. A shared frustration has emerged. There is deep disappointment that the unity our people once hoped for has been steadily undermined by political and personal interests,” Frasco, whose wife continues to serve as Secretary of Tourism, said. Frasco pointed to increasing political maneuvering and factionalism within the House, which he said has led to deepening division and instability.
See “Frasco,” A4
DOTr suspends franchises of racing buses
By Lorenz S. Marasigan @lorenzmarasigan
HE Department of Transportation (DOTr)
Thas suspended the franchises of GV Florida Transport Inc., the operator of Florida Bus, on two of its provincial routes following a viral video showing multiple buses allegedly racing on a national highway.
Transport Secretary Vince Dizon described the incident as a grave threat to public safety.
A video posted on Facebook showed six Florida buses traveling at “dangerously” high speeds, with several units seen overtaking from the opposite lane.
“We can see in the video that the six buses are racing, treating the national highway as a race track. Clearly, multiple violations of the bus company,” Dizon said in a press briefing on Tuesday.
Hence, effective June 11, a total of 15 buses plying the Sta. Ana (Cagayan) to Sampaloc, Manila, and Baguio to Apayao routes will be grounded for a minimum of 30 days.
“The Baguio-Apayao route was included after it was confirmed that one of the units involved in the incident was operating out of line,” Dizon said.
“If you think the DOTr was joking when we said that the safety of our fellow Filipinos on the road must always come first, and that anyone who violates regulations and compromises that safety will be held accountable—then you are wrong,” he said.
The Land Transportation Franchising and Regulatory Board (LTFRB) has scheduled a hearing on June 25 to require the company to explain the incident. While the hearing is
See “DOTr,” A4
House approves bill extending term of barangay, SK officials
on their promises to constituents.
TBy Samuel P. Medenilla
By Jovee Marie N. dela Cruz @joveemarie
HE House of Representatives has approved on third and final reading House Bill 11287, the measure that extends the term of office of barangay and Sangguniang Kabataan (SK) officials from three years to six years, starting at noon on June 30, 2029.
Cagayan de Oro City Rep. Rufus Rodriguez, one of the bill’s principal authors, said that under the proposal, incumbent officials elected on October 30, 2023, will remain in office until the next synchronized elections scheduled for the second Monday of May 2029. Subsequent elections will be held every six years.
“This means that the BSK polls scheduled in December this year are reset to May 2029,” he said.
He said the measure also sets a two-term limit for barangay officials, while SK officers shall serve for only one term.
Rodriguez earlier expressed his opposition to the Senate’s plan to proceed with BSK polls in December, saying a term of two years is
too short for village leaders.
“The officials will not be given enough time to fully implement their plans, programs, and activities that they have promised their constituents,” he said.
“It would also sow further disunity among communities and families in the barangays,” he added.
“The wounds and divisions created by the recent elections among our people are still fresh. We cannot afford to have more fractiousness,” he also said.
Rodriguez earlier criticized the Senate’s push to proceed with the December 2025 elections, arguing that a two-year term is too brief for local leaders to implement meaningful programs and deliver
“We have just spent tens of billions for the May 12 vote for senators, members of the House of Representatives, and provincial, city, and town officials. An additional P8 billion is estimated to be expended for the BSK balloting,” he said.
Such a huge amount would go a long way if spent for barangay development projects, he said.
Camarines Sur Rep. Luis Raymund Villafuerte also expressed support for the measure, stating that the proposed extension ensures that local officials serve the full term as envisioned in the Constitution and the Local Government Code.
Villafuerte cited the Supreme Court ruling on Republic Act 11935, which previously moved the BSK elections to October 2023 but was later declared unconstitutional.
While the High Court allowed the elections to proceed under the “doctrine of operative fact,” the next elections were subsequently set for December 2025 under Republic Act 11462.
Allowing barangay and SK leaders to serve only two-year terms, Villafuerte argued, undermines accountability and public trust. “An elective term must be fully served to be meaningful,” he said.
Marcos names Villanueva to SC
See “Marcos,” A4
CCPI: Stalling VP impeachment breeds instability
By Bless Aubrey Ogerio
THE Chamber of Commerce of the Philippine Islands (CCPI) on Monday warned that continued inaction on the impeachment trial of Vice President Sara Duterte “creates an environment of instability” that could “erode both local and international business confidence.”
“The Constitution is very clear,” the CCPI said in a statement. “In case a resolution of impeachment is filed by at least one-third of the Members of the House...trial by the Senate shall forthwith proceed.”
Quoting directly from its release, the
oldest business institution in the country emphasized that forthwith means “immediately” and “without delay,” according to any standard dictionary. It also pointed out that delaying the constitutional process runs contrary to its own “Economic Compass Pillars,” specifically the one promoting good governance rooted in the rule of law.
“The Constitution does not recognize changes in the membership of the Senate, nor does it recognize recess or breaks because the Senate no longer acts as a legislative body, but as an Impeachment Court,” the statement continued.
“We are a country that is governed by the rule of law, not of men,” it added.
The chamber also called on senators to uphold due process, not only for the sake of the public, but for the Vice President as well.
This latest statement comes as the Senate officially received the verified impeachment complaint and referred it to the Rules Committee.
Senate President Francis Escudero has taken his oath as Presiding Officer of the impeachment court, more than two months after the House transmitted the Articles of Impeachment to the Senate.
The Senate is expected to resume
deliberations on June 11, the final session day of the 19th Congress.
Several economists and business leaders have also weighed in, saying the issue carries economic weight. The accusations involve alleged misuse of public funds, resources that, they argue, could have been allocated to more productive uses.
(See: https://businessmirror.com.
ph/2025/06/10/impeachment-is-economic-issue-economists-mbc/)
“We pray that the Members of the Senate will properly and duly perform their Official Duties as mandated by the Constitution,” the CCPI concluded.
Think tank: Strategic collaboration needed for blue economy
By Rizal Raoul Reyes @brownindio
AMAJOR think tank recently emphasized the need to foster strategic collaboration with the state, private sector, and international community to ensure continued and sustained efforts in developing a blue economy supported by rules-based order.
“Securing our seas demands a wholeof-society approach. As like-minded partners, let us leverage our science-based policies and marine industries to drive our conservation efforts towards sustainable ocean governance,” said Stratbase Institute President Victor Andres Manhit.
In a recent forum organized by the Stratbase Institute and the French Embassy in the Philippines as part of the United Nations Ocean Conference (Unoc), government, environment experts, and other key stake -
holders underscored the need to strengthen ocean governance through joint efforts in marine research and maritime security.
France Ambassador Marie Fontanel to the Philippines said that the 2025 Unoc aims to strengthen bilateral cooperation in the maritime domain by protecting the marine environment, developing the blue economy, and strengthening maritime defense and security.
Fontanel cited that enforcing the Biodiversity Beyond National Jurisdiction Treaty is one of Unoc’s central goals, sharing hopes that the Philippines be part of the first 60 ratifications necessary for its commencement.
“The Philippines is a global hotspot for marine biodiversity. It is also an ecological treasure facing increasing threats such as overfishing, plastic pollution, habitat degradation, and sea level rise. So, it is important to foster collaboration and share
common solutions,” Fontanel said.
In April, the French Embassy and the Stratbase Institute started developing a joint policy brief led byDe La Salle University biology professor Carmen Lagman and French researcher and marine-protected areas specialist Joachim Claudet.
Titled “Local Voices, Global Commitments: France and Philippines on the Path to 30×30,” the study explores new pathways for enhanced biological information in protecting marine biodiversity.
For Lagman, this collaboration with France aided in addressing a wider range of marine-related questions, understanding ecosystem-based management, and exchanging marine technology and data.
“The benefit of working with France is they have a lot of expertise. What we must figure out now is how we can work together, creating action plans for multi-sectoral, multi-government, and multi-industry
By Reine Juvierre S. Alberto @reine_alberto
THE Department of Budget and Management released a total of P1.347 billion for the rollout of the Electronic Gates (E-gates) Project in major international airports and seaports.
In a statement on Tuesday, the DBM said the allocation will bankroll the second phase of the E-gates Project, in a bid to fully implement the system on or before December 15, 2025.
demands for these ocean resources,” said Lagman.
To support the endeavor, Department of Environment and Natural Resources (DENR) Undersecretary for Integrated Environmental Science Carlos Primo David said the agency is now actively organizing an oceans task force, establishing six marine research stations, and maintaining the country’s 75 marine-protected areas.
“The DENR’s approach has always been the same across all forms of natural resources. First, we map out and account for the natural resources we have. Second, we create enabling policies to carry out our mandate of protecting ecosystems more effectively,” David said.
Commo May Marfil, Coast Guard (PCG) Deputy Chief of Staff for Marine Environmental Protection, said they have established the Ingat Yamang Dagat taskforce to enhance marine environmental protection, on top of their mangrove planting and coral reef rehabilitation efforts.
The PCG is also intensifying its maritime security law enforcement by increasing maritime and coastal security patrols.
Marfil noted that as of 2024, these operations resulted in the apprehension of 193 vessels that committed illegal, unreported, and unregulated fishing.
“The PCG is not just a maritime safety and security agency; it is a key player in addressing the challenges of climate change and ensuring the long-term sustainability of the Philippine maritime domain,” said Marfil.
“As stewards of our waters, the PCG will remain steadfast in its mission to protect the people, preserve our marine environment, and secure our shared tomorrow,” added Marfil.
Frasco. . .
Continued from A3
He cited as an example the early lobbying for Romualdez’s speakership renewal, noting that just two days after the May 12 elections, incoming lawmakers were already being asked to sign a manifesto supporting the Speaker.
His refusal to sign the manifesto led to his expulsion from the NUP. The party’s president, Camarines Sur Representative Luis Raymund Villafuerte, earlier emphasized that the NUP remains officially supportive of Romualdez’s continued leadership in the upcoming 20th Congress.
However, Frasco, whose wife is an ally of embattled Vice President Sara Duterte, believes the direction of the House leadership must be reassessed—especially in light of the “poor performance” of the administration’s senatorial slate in the 2025 midterm elections.
“The President has consistently called for unity, stability, and a government that delivers meaningful change. I firmly believe that the House of Representatives should reflect these values, not only through the laws we pass, but also in the leadership that we uphold,” Frasco added.
Jovee Marie N. dela Cruz
Budget Secretary Amenah F. Pangandaman said the fund release is in line with President Marcos’s directive to “provide convenience to travelers, whether local or foreign visitors and reduce long queues at immigration counters.”
The E-gates Project will modernize immigration checkpoints at the international gateways by digitizing the primary inspection process.
This seeks to further strengthen national security, streamline operations and improve the overall passenger convenience while addressing issues of congestion in immigration.
Villanueva, accompanied by his family, took his oath of office before the President in Malacañang on Tuesday.
He is the first SC Associate Justice to be appointed by Marcos.
“We are very happy for this appointment
Clark International Airport, Mactan-Cebu International Airport and Davao International Airport.
The deployment of e-gates and corresponding funding provision will also be done at Kalibo International Airport, Boracay-Caticlan International Airport, Zamboanga International Seaport, Laoag International Airport, Bohol-Panglao International Airport and Puerto Princesa International Airport.
In 2024, the DBM released P1.976 billion to the Bureau of Immigration (BI) to procure equipment for the first phase of the project. The third phase will continue in 2026, Pangandaman said.
“This year, we are in the second phase, and we are appealing to the BI to complete the procurement process immediately so the E-gates Project can be fully operational as soon as possible,” Pangandaman said.
The system is expected to replace 50 percent of the overall manned inspection counters with modernized technology. It verifies the traveler’s identity using biometric technologies, such as facial recognition and fingerprint scanning.
Currently, several e-gates are installed at the Ninoy Aquino International Airport (Naia). The project will be expanded to other gateways, including Naia Terminals I and III,
“The e-gates can lessen processing time to as low as eight seconds per passenger, significantly reducing the processing time of travelers,” the BI said. DBM releases ₧1.375 billion for intl airport, seaport
Water, power service disruptions miff Marcos
PRESIDENT Ferdinand Marcos on Tuesday ordered investigations into the disruptions in water services in Bulacan, as well as the power supply in Leyte and Siquijor.
In a press briefing in Malacañang, Palace Press Officer Claire Castro said the Chief Executive gave the Local Water Utilities Administration (Lwua) until this week to determine the cause of the lack of water in San Miguel and the City of Malolos, both in Bulacan.
“The Lwua has 48 hours to submit an initial report [on this], and we will provide an update tomorrow,” Castro said in Filipino.
Marcos learned of the water supply issue in Bulacan after visiting public schools in San Miguel and Malolos on Monday for the start of the Department of Education’s (DepEd) Brigada Eskwela program.
Castro said the President was concerned the restrooms in both schools have no running water.
“The President’s message is clear: The government is responsible not only to the students but to every parent who depends on us. It is our responsibility to ensure that there are proper facilities, adequate support for teachers and a functioning system because that is the foundation of a safe, orderly and effective education. And in the end, our goal is peace of mind
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pending, the suspensions for both affected routes will run concurrently.
Pending confirmation of the identities of the six drivers involved, the DOTr will move to suspend their licenses for 90 days.
The entire Florida Bus driving staff will also undergo mandatory drug testing in the coming days.
Dizon also said he had instructed LTFRB Chairman Teofilo Guadiz III to pursue the “maximum penalties” available under current regulations.
“Just because no one was injured or killed doesn’t mean we will just let this slide,” he said.
because it is as our new justice was saying, and I was telling him [Villanueva] that it is a well deserved appointment,” Marcos said.
“He is well versed in all that needs to be done for the proper and smooth function of the courts,” Marcos said. Under his administration, Marcos said the Executive branch will foster closer ties with the Judicial branch.
for every parent,” she said.
Marcos also wants the Department of Energy to resolve the ongoing unreliable power supply in Tacloban City, Leyte, and the province of Siquijor, which is causing loss of livelihood and unreliable water supply.
“The President has also issued a directive for an in-depth investigation into the power provider Siquijor Island Power Cooperative,” Castro said. She said the Department of Energy has already presented short-term and long-term solutions of establishing a reliable power infrastructure in the Siquijor, which includes a temporary supply arrangement.
Aside from Tacloban’s power disruptions, Marcos is also closely monitoring the impact of the rehabilitation of the San Juanico Bridge.
“The President continues to monitor residents’ concerns regarding the safety of the San Juanico Bridge—a bridge they cross every day but is now feared to be unsafe,” Castro said.
Last month, the Department of Public Works and Highways (DPWH) said it is targeting to raise the gross weight limit per vehicle passing through the San Juanico bridge from three tons to 10 tons before the end of the year to reduce its impact to commuters and inflation. Samuel P. Medenilla
In a statement posted on social media, Florida Bus apologized saying that the incident “does not align with our company’s values and standards.”
“We are currently addressing the matter internally and we assure the public that the safety and well-being of our passengers is our top priority,” the company said.
Dizon, however, did not accept the apology.
“I saw the statement and apology from Florida Bus Company. I’m telling them now: apology not accepted,” he said.
Dizon also warned other public utility vehicle (PUV) operators that the government will implement “immediate suspension” to any other erring companies that will be found committing the same offense.
“I know that the appointment of our new justice will continue that trend and bring the departments of government even closer than before, and so that the function of government is smoother, better, and that we are unified in our goal to make life better for our people,” he said.
“We all have our part to play, and Justice [Villanueva], you have a new part to play,” he added.
Viado refuses to identify persons behind attempt to secure release of Tony Yang
B&
By Joel R. San Juan @jrsanjuan1573
P. Medenilla
Samuel
@sam_medenilla
UREAU of Immigration (BI) Com -
missioner Joel Anthony Viado has refused to identify the individuals who allegedly attempted to secure the release of Tony Yang, a high-profile detainee currently facing charges in connection with his involvement with Philippine offshore gaming operators (Pogos) operations in the country.
President Marcos said on Tuesday that he is looking into the corruption allegations against Viado. The Chief Executive confirmed that
he is aware of the unsigned whitepaper containing allegations of corruption and other complaints from alleged BI personnel, which was sent to the Office of the President.
On Monday, the Department of Justice challenged those who accuse Viado of misdeeds to come out and substantiate their allegations.
“But, you know, it’s hard to study a white paper that was not signed and there are no specifics. But nonetheless, everything like this... we look into it and we will continue to do that,” Marcos told reporters partly in Filipino in an interview at the sidelines of the oath-taking ceremony of Supreme Court Associate Justice Raul B. Villanueva in Malacañang on Tuesday. Among the allegations against Viado was his supposed mishandling of depor -
tation cases linked to Philippine Offshore Gaming Operators (Pogo).
In a statement, Viado said Yang’s release on bail was sought by virtue of a resolution which was drafted and passed during his absence.
Viado recounted that upon his return, he immediately rejected the plea to release Yang and gave instructions to rescind the said resolution.
He added that there were subsequent requests for him to reconsider his position with regard to Yang’s case but he stood by it, thus, the latter remains in detention.
While he did not name the persons behind the issuance of the resolution, Viado noted that Justice Secretary Jesus Crispin Remulla has been apprised about it.
Viado said he is leaving it up to the justice secretary to take appropriate action on the matter.
“It is a fact that while I found the effort to have Mr. Yang released on bail disgusting, I preferred to keep the matter within the agency and opted to ensure that it did not get unwarranted public attention,” Viado said.
“There are matters which I believe must be addressed within the agency. As the saying goes, I do not wish to wash dirty laundry in public,” he added.
The BI commissioner added that he would not speculate if his refusal to allow Yang’s release has something to do with the ongoing smear campaign against him and the bureau.
It can be recalled that a letter from
anonymous employees of the BI was sent to Malacañang seeking investigation into Viado’s alleged involvement in some irregularities in the bureau.
The letter questioned Viado’s motive in expediting the bail release of foreign nationals involved in Pogo operations.
The letter also accused Viado of issuing a release order on behalf of three “influential bosses” behind a raided Pogo hub.
It also disclosed the alleged the special treatment accorded by Viado’s to 39 foreign nationals caught illegally working in Taguig City by keeping them at the BI’s conference room instead of turning them over to the BI Warden Facility.
The anonymous employees also accused Viado of negotiating the release of 114 foreign workers of Pogo firm Asian Gaming
Technology who were arrested on March 19 by authorities.
Furthermore, the employees claimed that quota visas, which grant permanent residency to a specified number of foreign nationals, were being auctioned off under his leadership. “I will not publicly name the party concerned. It is not in my nature to publicly embarrass others. Despite the vilification campaign now being waged against me and the BI, will not resort to the same squid tactics,” Viado said. The DOJ earlier said the anonymous letter should be treated as a mere white paper or fake news if not substantiated. It added that the DOJ, which is the mother department of the BI, cannot act on such claims without any evidence being presented.
DepEd unveils annual ₧7,000 medical allowance for teachers to boost morale, reduce absenteeism
IBy Claudeth Mocon-Ciriaco @claudethmc3
N an aim to reduce absenteeism, improve staff morale, and contribute to a more resilient and effective teaching workforce, particularly in underserved areas, the Department of Education (DepEd) on Tuesday announced that public school teachers and non-teaching personnel will begin receiving an annual medical allowance of up to P 7,000 per year.
Education Secretary Juan Edgardo “Sonny” Angara noted that the initiative is part of the administration of President Ferdinand Marcos’ expanded healthcare support for government employees.
“As emphasized by President Marcos we want our teachers and staff to stay healthy without having to worry about medical bills,” said Angara. Aligned with Executive Order No. 64, s. 2024 signed by President Bongbong Marcos Jr. and the Department of Budget and Management (DBM) Circular No.
2024-6, the initiative aims to ease the financial burden of medical expenses, improve healthcare access, and boost the well-being and productivity of DepEd employees, especially those in low-income, remote, and high-risk areas.
“This is our way of recognizing the commitment of our teachers and staff. This allowance is a way to give back and ensure they never have to choose between their health and the stress of medical bills,” he added. Under the newly issued DepEd Order No. 16, s. 2025 entitled Guidelines on the Grant of Medical Allowance to the Department of Education personnel, qualified DepEd personnel may receive the benefit by choosing either of the three modes:
n Enrollment in group HMO packages to be procured by DepEd, n Individual availment of new or for renewal of existing HMO-type product, or nDirect cash payment via payroll can be availed by those personnel in Geographi -
CBCP to Senate: Let VP impeachment trial ‘proceed without obstruction‘
THE Catholic Bishops’ Conference of the Philippines (CBCP) on Tuesday has urged senators to allow the impeachment trial of Vice President Sara Duterte to “proceed without obstruction.”
In a statement, CBCP President and Kalookan Bishop Pablo Virgilio S. Cardinal David appealed to Senate leaders to uphold due process as transparency must prevail.
“We appeal to all senators, especially to those in leadership, to allow the constitutional process to proceed without obstruction. If there is nothing to hide, there is nothing to fear,” David said.
While acknowledging that impeachment is inherently political, the cardinal said it remains subject to moral obligations— particularly the demands of truth, justice, and accountability.
David reminded public officials that political authority must be exercised within the bounds of law and guided by a commitment to the truth.
“When politics serves only partisan interest, it degenerates into manipulation; but when it is guided by conscience and the common good, it becomes a noble service,” he said.
The cardinal also cited the Compendium of the Social Doctrine of the Church (nos. 393–406), which teaches that political authority exists to serve the common good and not private or partisan interests.
Any move to delay, dismiss, or ignore the impeachment complaint, he warned, would betray both the Constitution and the trust of the Filipino people. David also emphasized that senators, as stewards of public office, are accountable not only to the law but to their conscience.
“Public officials must transcend partisan interests and act in a spirit of justice and truth. The search for truth is not a political agenda; it is a moral imperative,” he added. On Monday evening, Senate President Francis “Chiz” Escudero took his oath as presiding officer of Duterte’s impeachment trial.
The 22 other senators, who will serve as judges, were expected to take their oaths on Tuesday.
If no further delays occur, the Senate is scheduled to formally convene as an impeachment court on Wednesday, June 11. Justine Xyrah Garcia
cally Isolated and Disadvantaged Areas (GIDAs) or where HMO access is limited or unavailable or individual HMO application is denied by an HMO company.
The allowance covers permanent, co-terminus, fixed-term, casual, or contractual personnel who have rendered at least six months of service within the year. However, those without employeremployee relationships with DepEd— such as consultants, job order workers, apprentices, and student laborers—are
excluded from the program.
For employees availing of the individual availment options, DepEd clarified that the amount will be released via payroll even before submission of receipts or other supporting documents.
Additionally, regardless of the amount of the HMO-type that they would avail, the personnel would still receive P7,000. However, failure to submit the necessary documents within the prescribed period may result in the withholding of
A6 Wednesday, June 11, 2025
Editor: Angel R. Calso
Kyiv and Odesa under attack as Russia unleashes barrage of drones and missiles
By Vasilisa Stepanenko & Samya Kullab The Associated Press
KYIV, Ukraine—Russia sent waves of drones and missiles in an attack on two Ukrainian cities early Tuesday that killed two people and wounded at least thirteen others, Ukrainian officials said.
Ukrainian President Volodymyr Zelenskyy in an online statement called the attack “one of the biggest” in the war that has raged for over three years, saying Moscow’s forces fired over 315 drones, mostly Shaheds, and seven missiles at Ukraine overnight.
“Russian missile and Shahed strikes are louder than the efforts of the United States and others around the world to force Russia into peace,” Zelenskyy wrote, urging “concrete action” from the US and Europe in response to the attack.
A maternity hospital and residential buildings in the center of the southern port city of Odesa were damaged in the attack, regional head Oleh Kiper said. Two people were killed and nine injured in the city, according to a statement from the regional prosecutor’s office.
Four people were injured in the
attack on the capital, Kyiv Mayor Vitali Klitschko said. Associated Press journalists heard explosions and the buzzing of drones around the city for hours.
The fresh attacks came hours after Moscow launched almost 500 drones at Ukraine in the biggest overnight drone bombardment in the three-year war. Ukrainian and Western officials have been anticipating a Russian response to Ukraine’s audacious June 1 drone attack on distant Russian air bases. Plumes of smoke were visible in Kyiv as air defense forces worked to shoot down drones and missiles Tuesday morning. Meanwhile, Ukrainian residents took shelter and slept in metro stations during the hourslong attack. Nina Nosivets, 32, and her 8-month-old son Levko were among them.
“I just try not to think about all this, silently curled up like a mouse, wait until it all passes, the attacks. Distract the child somehow because it’s probably the hardest thing for him to bear,” she said.
Krystyna Semak, a 37-year-old Kyiv resident, said the explosions frightened her and she ran to the metro at 2 a.m. with her rug.
Russia has been launching a record-breaking number of drones and missiles targeting Ukraine while the two countries continue to swap prisoners of war, the only tangible outcome of recent direct peace talks held in Istanbul. A ceasefire, long sought by Kyiv, remains elusive.
In Kyiv, fires broke out in at least four districts after debris from shot down drones fell on the roofs of residential buildings and warehouses, according to the Kyiv City Military Administration.
Vasyl Pesenko, 25, stood in his kitchen, damaged in the attack.
“I was lying in bed, as always hoping that these Shaheds (drones) would fly past me, and I heard that Shahed (that hit the house),” he said. “I thought that it would fly away, but it flew closer and closer and everything blew away.”
The Russian attack sparked 19 fires across Ukraine, Interior Minister Ihor Klymenko wrote on Telegram. “Russia must answer for every crime it commits. Until
there is justice, there will be no security. For Ukraine. And for the world,” he said.
The Russian Defense Ministry on Tuesday morning reported downing 102 Ukrainian drones over Russian regions and Crimea, the Black Sea peninsula Moscow illegally annexed from Ukraine in 2014.
Greta Thunberg deported from Israel after seizure of Gaza-bound aid ship
By Isaac Scharf & Areej Hazboun The Associated Press
ERUSALEM—Activist Greta
JThunberg was deported from Israel on Tuesday, the country’s Foreign Ministry said, a day after the Gaza-bound ship she was on was seized by the Israeli military.
Thunberg left on a flight to France and was then headed to her home country of Sweden, Israel’s Foreign Ministry said in a post on X. It posted a photo of Thunberg, who shuns air travel, seated on a plane.
Thunberg was one of 12 passengers on the Madleen, a ship carrying aid to Gaza that was meant to protest Israel’s ongoing war there and shed light on the humanitarian crisis in the Palestinian territory, according to the Freedom Flotilla Coalition, the group behind the journey.
Israeli naval forces seized the boat without incident early Monday about 200 kilometers (125
miles) off of Gaza’s coast, according to the coalition, which along with rights groups, said Israel’s actions were a violation of international law. Israel rejects that charge because it says such ships intend to breach what it says is a lawful naval blockade of Gaza.
The boat, accompanied by Israel’s navy, arrived in the Israeli port of Ashdod Monday evening, according to Israel’s Foreign Ministry.
Adalah, a legal rights group in Israel representing the activists, said Thunberg, two other activists and a journalist had agreed to be deported and leave Israel. The other eight activists refused deportation, were being held in detention and their case was set to be heard by Israeli authorities, Adalah said. The activists were expected to be brought before a court later Tuesday, the group added.
Sabine Haddad, a spokeswoman for Israel’s Interior Ministry, said the activists who were being deported Tuesday
had waived their right to appear before a judge. Those who did not will face one and will be held for 96 hours before being deported.
Rima Hassan, a French member of the European Parliament who is of Palestinian descent, was also among the volunteers on board. She has been barred from entering Israel because of her opposition to Israeli policies toward the Palestinians. It was not immediately clear whether she was being immediately deported or detained.
French Foreign Minister JeanNoel Barrot said Tuesday that one of the detained French activists signed an expulsion order and will leave Israel on Tuesday for France. The other five refused. He said all the activists received consular visits.
On Monday, Adalah, the rights group, said that Israel had “no legal
authority” to take over the ship, because the group said it was in international waters and it was headed not to Israel but to the “territorial waters of the state of Palestine.” Amnesty International said Israel was flouting international law with the naval raid and called on Israel to release the activists immediately and unconditionally.
“The arrest of the unarmed activists, who operated in a civilian manner to provide humanitarian aid, amounts to a serious breach of international law,” Adalah said in a statement.
Israel viewed the ship as a publicity stunt, calling it the “selfie yacht.” Israeli officials said that the flotilla was bringing “meager” aid with what amounted to less than a truckload of goods.
Charlton
and Tia
The drones were downed both over regions on the border with Ukraine and deeper inside Russia, including central Moscow and Leningrad regions, according to the Defense Ministry’s statement. Because of the drone attack, flights were temporarily restricted in and out of multiple airports across Russia, including all four airports in Moscow and the Pulkovo airport in St. Petersburg, the country’s second largest city.
AP journalist Illia Novikov contributed to this report.
Tensions rise as IAEA targets Iran’s nuclear program amidst diplomatic uncertainty and regional conflicts
By Jon Gambrell The Associated Press
VIENNA—Iran’s nuclear program remains a top focus for inspectors from the International Atomic Energy Agency, particularly as any possible deal between Tehran and the United States over the program would likely rely on the agency long known as the United Nations’ nuclear watchdog.
This week, Western nations will push for a measure at the IAEA’s Board of Governors censuring Iran over its noncompliance with inspectors, pushing the matter before the UN Security Council. Barring any deal with Washington, Iran then could face what’s known as “snapback”—the reimposition of all UN sanctions on it originally lifted by Tehran’s 2015 nuclear deal with world powers, if one of its Western parties declares the Islamic Republic is out of compliance with it.
All this sets the stage for a renewed confrontation with Iran as the Mideast remains inflamed by Israel’s war on Hamas in the Gaza Strip. And the IAEA’s work in any case will make the Vienna-based agency a key player.
Here’s more to know about the IAEA, its inspections of Iran and the deals—and dangers—at play.
Atoms for peace
The IAEA was created in 1957. The idea for it grew out of a 1953 speech given by US President Dwight D. Eisenhower at the UN, in which he urged the creation of an agency to monitor the world’s nuclear stockpiles to ensure that “the miraculous inventiveness of man shall not be dedicated to his death, but consecrated to his life.”
Broadly speaking, the agency verifies the reported stockpiles of member nations. Those nations are divided into three categories.
The vast majority are nations with so-called “comprehensive safeguards agreements” with the IAEA, states without nuclear weapons that allow IAE monitoring over all nuclear material and activities. Then there’s the “voluntary offer agreements” with the world’s original nuclear weapons states—China, France, Russia, the United Kingdom and the US—typically for civilian sites.
Finally, the IAEA has “item-specific agreements” with India, Israel and Pakistan— nuclear-armed countries that haven’t signed
the Nuclear Nonproliferation Treaty. That treaty has countries agree not to build or obtain nuclear weapons. North Korea, which is also nuclear armed, said it has withdrawn from the treaty, though that’s disputed by some experts.
The collapse of Iran’s 2015 nuclear deal IRAN’S 2015 nuclear deal with world powers, negotiated under then-President Barack Obama, allowed Iran to enrich uranium to 3.67%—enough to fuel a nuclear power plant but far below the threshold of 90% needed for weapons-grade uranium. It also drastically reduced Iran’s stockpile of uranium, limited its use of centrifuges and relied on the IAEA to oversee Tehran’s compliance through additional oversight. But President Donald Trump in his first term in 2018 unilaterally withdrew America from the accord, insisting it wasn’t tough enough and didn’t address Iran’s missile program or its support for militant groups in the wider Mideast. That set in motion years of tensions, including attacks at sea and on land. Iran now enriches up to 60%, a short, technical step away from weapons-grade levels. It also has enough of a stockpile to build multiple nuclear bombs, should it choose to do so. Iran has long insisted its nuclear program is for peaceful purposes, but the IAEA, Western intelligence agencies and others say Tehran had an organized weapons program up until 2003.
IAEA inspections and Iran UNDER the 2015 deal, Iran agreed to allow the IAEA even greater access to its nuclear program. That included permanently installing cameras and sensors at nuclear sites. Those cameras, inside of metal housings sprayed with a special blue paint that shows any attempt to tamper with it, took still images of sensitive sites. Other devices, known as online enrichment monitors, measured the uranium enrichment level at Iran’s Natanz nuclear facility. The IAEA also regularly sent inspectors into Iranian sites to conduct surveys, sometimes collecting environmental samples with cotton clothes and swabs that would be tested at IAEA
“IAEA,”
The Associated Press writers Angela
in Paris
Goldenberg in Tel Aviv, Israel, contributed to this report.
THE Gaza-bound aid boat, Madleen, under escort of Israeli naval forces enters to Ashdod Port in southern Israel after being seized by Israeli forces, Monday, June 9, 2025. AP/LEO CORREA
SMOKE billows from a window of apartments damaged by a Russian drone strike in Kyiv, Ukraine, Tuesday, June 10, 2025. AP/EVGENIY MALOLETKA
Trump deploys Marines to Los Angeles amid anti-deportation protests, escalating tensions
By Alicia A. Caldwell, John Gittelsohn, Eliyahu Kamisher & Hadriana Lowenkron
THE Trump administration escalated its response to antideportation protests in Los Angeles with the mobilization of 700 Marines, deploying active-duty military on the ground and deepening tensions with California officials.
The turmoil comes as Los Angeles saw a fourth night of clashes between police and demonstrators rallying against a rising number of raids by Immigration and Customs Enforcement agents who local officials say have stoked fear in the immigrant-rich community.
President Donald Trump and California Governor Gavin Newsom clashed again over the response to the unrest, with the state suing the administration for mobilizing National Guard troops in the city. Trump, meanwhile, suggested to reporters that Newsom, a Democrat widely seen as a potential presidential contender in 2028, could be arrested if he interferes with the federal immigration raids or response to the unrest.
On Monday, largely peaceful daytime protests morphed into scattered clashes with police shooting less-lethal ammunition and some protesters throwing bottles.
The protests have largely been limited to a few small parts of a city that spreads over several hundred square miles and is connected by a web of freeways. There was no sign of unrest in areas such as Century City, Hollywood Hills and
labs back in Austria. Others monitor Iranian sites via satellite images.
In the years since Trump’s 2018 decision, Iran has limited IAEA inspections and stopped the agency from accessing camera footage. It’s also removed cameras. At one point, Iran accused an IAEA inspector of testing positive for explosive nitrates, something the agency disputed. The IAEA has engaged in years of negotiations with Iran to restore full access for its inspectors. While Tehran hasn’t granted that, it also hasn’t entirely thrown inspectors out. Analysts view this as part of Iran’s wider strategy to use its nuclear program as a bargaining chip with the West.
What happens next IRAN and the US have gone through five rounds of negotiations over a possible deal,
Santa Monica that are miles away from downtown, with businesses and residents largely unaffected. However, incidents have started to spread beyond the city limits. In Santa Ana, southeast of Los Angeles in Orange County, protesters faced off with law enforcement after immigration raids took place there. Protests also turned disruptive in San Francisco, where 148 people were arrested Sunday evening. About 60 of those were tied to demonstrations that became violent near a downtown ICE office, according to the San Francisco Police Department. Local businesses had windows broken and vehicles from the city’s municipal transit system were vandalized, Mayor Daniel Lurie said.
In a sign of how the protests and immigration raids had gripped the area, Los Angeles Unified School District Superintendent Alberto Carvalho ordered the police to monitor the perimeters of about 100 campuses, citing fears that federal immigration agents may interfere with graduation ceremonies Monday and Tuesday. Carvalho said he’d received “threats
with talks mediated by the sultanate of Oman. Iran appears poised to reject an American proposal over a deal this week, potentially as soon as Tuesday. Without a deal with the US, Iran’s long-ailing economy could enter a freefall that could worsen the simmering unrest at home. Israel or the US might carry out long-threatened airstrikes targeting Iranian nuclear facilities. Experts fear Tehran in response could decide to fully end its cooperation with the IAEA, abandon the Nuclear Nonproliferation Treaty and rush toward a bomb. If a deal is reached—or at least a tentative understanding between the two sides—that likely will take the pressure off for an immediate military strike by the US. Gulf Arab states, which opposed Obama’s negotiations with Iran in 2015, now welcome the talks under Trump. Any agreement would require the IAEA’s inspectors to verify Iran’s compliance.
The Associated Press writer Stephanie Liechtenstein contributed to this report.
from high-level” entities.
“Come after me. Don’t go after my kids,” he said.
California lawsuit
THE Trump administration has argued the conditions in LA are spiraling and that federal forces are needed to support immigration agents and restore order. A Defense Department official said Monday that the Marines, based at the Marine Corps Air Ground Combat Center in Twentynine Palms, California, were on the move after getting notice over the weekend.
US law generally bars the use of the active-duty US military—the Army, Navy, Air Force and Marines—from carrying out domestic law enforcement. The deployment of the Marines adds to Trump’s order over the weekend that directed the US Northern Command to assume control of the National Guard and dispatch them to LA.
Newsom and LA Mayor Karen Bass have accused Trump of making the situation worse. In an X post Monday, the governor called the decision to bring in Marines “un-American,” and said the administration’s deployment of National Guard troops was both “reckless” and “pointless.”
California and Newsom sued the Trump administration Monday, calling the mobilization of the state’s National Guard and the Marines unnecessary and unlawful and accusing the president of “another unprecedented power grab.” In a 22-page complaint filed late Monday in San Francisco federal court, the governor urged a judge to void the president’s orders and transfer the National Guard from Defense Department control “back to the rightful command” of the state.
“Deploying over 4,000 federalized
military forces to quell a protest or prevent future protests despite the lack of evidence that local law enforcement was incapable of asserting control and ensuring public safety during such protests” is unconstitutional, according to the suit.
‘Just one look’
TRUMP, in a series of posts on Truth Social, said sending in the National Guard was a “great decision,” derided the idea that the protests were largely peaceful, and said that “If we had not done so, Los Angeles would have been completely obliterated.”
“Just one look at the pictures and videos of the Violence and Destruction tells you all you have to know,” Trump said. “We will always do what is needed to keep our Citizens SAFE, so we can, together, MAKE AMERICA GREAT AGAIN!”
The president also backed comments from his border adviser Tom Homan, who threatened to arrest state and local officials who obstruct federal immigration enforcement, including Newsom and Bass.
“I would do it if I were Tom. I think it’s great,” Trump said at the White House. “I like Gavin Newsom, he’s a nice guy but he’s grossly incompetent, everybody knows that.”
Homan later said in a CNN interview Monday that the governor hasn’t done anything at this time to warrant arrest.
Waymo, the self-driving car service, owned by Google parent Alphabet Inc., suspended its taxi service in the downtown Los Angeles on Monday after demonstrators torched its driverless cars. Earlier in the day, cleanup crews removed cars that were burned in unrest that turned violent with some looting and police making at least 31 arrests overnight. Five officers
were injured as crowds clashed with law enforcement.
Protests continue ALSO on Monday, LAPD reported three demonstrations in the civic center and issued traffic advisories to avoid the area, according to posts on X. Helicopter footage on local television stations showed multiple groups of protesters clustered in an area near federal buildings and Highway 101, the major artery that was swarmed by protesters Sunday.
As of mid-afternoon, there were no reports of vandalism or arrests, said LAPD Officer Rosario Cervantes.
One rally in Grand Park was called by the Service Employees International Union, whose leader, David Huerta, was charged Monday with a federal felony of interfering with law enforcement.
Between 60 and 80 people joined a protest against Trump’s travel ban Monday morning at a parking structure at Los Angeles International Airport organized by the Council on American-Islamic Relations, a civil rights group.
Enjy El-Kadi, a CAIR spokesper -
son, said the protest didn’t interfere with any travel or traffic out of the airport.
Officials said they are prepared to prosecute people who engage in destructive behavior, but also defended sanctuary city policies that prevent local law enforcement from coordinating with immigration authorities in most cases. “We stand united with our immigrant community right now,” District Attorney Brooke Jenkins said at a press briefing Monday.
The United Nations on Monday warned against a further “militarization” of the situation in LA.
“We certainly hope that all parties on the ground will de-escalate the situation,” deputy spokesman for the Secretary-General Farhan Haq said at a press briefing. “We do not want to see any further militarization of this situation and we encourage the parties at the local, state and federal levels to work to do that.” With assistance from Tony Capaccio, Derek Wallbank, Isabela Fleischmann, Laura Curtis, Bill Faries, Tyler Kendall, Malathi Nayak, Bob Van Voris, Magdalena Del Valle and Carrington York / Bloomberg
Malaysian leader Anwar wins reprieve in lawsuit alleging sexual misconduct
By Eileen Ng The Associated Press
KUALA
LUMPUR, Malaysia—Malaysian
Prime Minister Anwar Ibrahim on Tuesday won a reprieve in a civil suit accusing him of sexual misconduct, after a court approved his bid to temporarily suspend the trial due to start next week.
The suit was filed in 2021 by his former research assistant, Muhammed Yusoff Rawther. Yusoff, 32, alleged that Anwar sexually harassed him in 2018—before Anwar became premier, in November 2022. Anwar, 77, denies any wrongdoing and accuses Yusoff of fabricating the charge to ruin his political career.
The case gained attention after Anwar sought immunity from prosecution, sparking criticism from the opposition and others. The High Court dismissed his application last week, saying everyone is equal before the law. Anwar has turned to the nation’s top court, which will hear his case on July 21.
The Court of Appeal on Tuesday approved Anwar’s bid for a temporary stay to the trial that was due to start June 16, pending next month’s hearing in the Federal Court.
Anwar wants the Federal Court to rule on several legal questions including whether a
sitting prime minister has immunity from lawsuits stemming from alleged private events before his appointment. His lawyers claimed the legal action could impair his ability to govern and risk destabilizing the government.
The case could undermine Anwar, who heads a unity government comprised of rival factions. He has denied seeking personal immunity or trying to escape legal scrutiny.
“It concerns the integrity of our constitutional system and the need to ensure that high public office is protected from litigation that may be strategically timed, politically motivated or institutionally disruptive,” he wrote on Facebook last week.
Anwar, a former reformist opposition leader, was previously jailed twice for sodomy. He has said the charges against him were manufactured by the government to thwart his opposition party. Anwar was pardoned by the king in 2018, just months before the alleged sexual assault on Yusoff.
Yusoff is currently in detention and on trial after police found drugs and fake pistols in his car last September. He has said he was framed by those in power. The court will decide this Thursday whether he needs to enter his defense, or acquit him.
High Seas Treaty gains momentum as 18 new countries pledge support
By Annika Hammerschlag
The Associated Press
NICE, France—Eighteen countries ratified the High Seas Treaty on Monday, bringing the total to 49— just 11 short of the 60 needed for the ocean agreement to enter into force. The surge in support, occurring during the UN Ocean Conference in Nice, France, adds momentum to what could become a historic shift in how the world governs the open ocean. Here’s what the treaty is, why it matters and what happens next.
What is the High Seas Treaty
FORMALLY known as the Agreement on Biodiversity Beyond National Jurisdiction, the High Seas Treaty is the first legally binding agreement focused on protecting marine biodiversity in international waters. These waters, which are beyond the jurisdiction of any single country,
make up nearly two-thirds of the ocean and almost half the surface of the planet.
Until now, there has been no comprehensive legal framework to create marine protected areas or enforce conservation on the high seas.
Why is it needed
DESPITE their remoteness, the high seas are under growing pressure from overfishing, climate change and the threat of deep-sea mining. Environmental advocates warn that without proper protections, marine ecosystems in international waters face irreversible harm.
“Until now, it has been the wild west on the high seas,” said Megan Randles, global political lead for oceans at Greenpeace. “Now we have a chance to properly put protections in place.”
The treaty is also essential to achieving the global “30x30” target—an international pledge to
protect 30% of the planet’s land and sea by 2030.
How the treaty works
THE treaty creates a legal process for countries to establish marine protected areas in the high seas, including rules for destructive activities like deep-sea mining and geo-engineering. It also establishes a framework for technology-sharing, funding mechanisms and scientific collaboration among countries.
Crucially, decisions under the treaty will be made multilaterally through conferences of parties (COPs) rather than by individual countries acting alone.
What happens when it reaches 60 ratifications
Once 60 countries ratify the treaty, a 120-day countdown begins before it officially enters into force. That would unlock the ability to begin designating protected areas in the high seas and put oversight mechanisms into motion.
As of Monday evening, 49 countries and the EU had ratified, meaning 11 more are needed to trigger that countdown.
What comes after ratification
THE first Conference of the Parties
(COP1) must take place within one year of the treaty’s entry into force. That meeting will lay the groundwork for implementation, including decisions on governance, financing and the creation of key bodies to evaluate marine protection proposals.
Environmental groups are pushing to surpass the required 60 ratifications, and to do so quickly—the more countries that ratify, the stronger and more representative the treaty’s implementation will be. There’s also a deadline: only countries that ratify by COP1 will be eligible to vote on critical decisions that determine how the treaty will operate.
“To reach 60 ratifications would be an absolutely enormous achievement, but for the treaty to be as effective as possible, we need countries from all over the world to engage in its implementation,” said Rebecca Hubbard, director of the High Seas Alliance. “So, the next step will be to go from 60 to global.”
The surge in support on Monday has raised hopes that 2025 could mark a turning point for high seas protection.
“We’re on the brink of making high seas history,” Hubbard said.
Japanese warship docks in Australia, vying for $6.5 billion frigate contract
By Keiran Smith The Associated Press
NEWCASTLE, Australia—A state-of-the-art
Japanese warship has arrived in Australia as part of a high-stakes campaign to secure a $6.5 billion contract to build the country’s next fleet of generalpurpose frigates.
The JS Yahagi, a Mogamiclass stealth frigate from Japan’s Maritime Self-Defense Force, is docked in Darwin in Australia’s Northern Territory in what appears a symbolic and strategic move aimed at strengthening defense ties with Australia and showcasing Japanese naval technology.
Japan’s bid, led by Mitsubishi Heavy Industries, was shortlisted in November for the Royal Australian Navy’s SEA 3000 frigate project and is competing against Germany’s MEKO A-200 offered by Thyssenkrupp Marine Systems. The Australian Government will select a preferred design later this year, with construction for 11 new vessels slated to begin the following year.
“We will go through the process of assessing those bids, both very impressive. We intend to make a decision in relation to that this year,” Deputy Prime Minister and Defense Minister Richard Marles said during his visit to Indonesia last week. “We intend to make a decision as quickly as we can, which means, before the end of this year.”
Bolstering defense industry
AS part of its military buildup, Japan is pushing to strengthen its largely domestic defense industry by participating in joint development, including a next-generation fighter jet with Britain and Italy, and promoting foreign sales like the Mogami-class ships.
In a sign of its commitment and heavy investment Japan has pledged to prioritize the RAN’s order over its own naval procurement.
The project not only serves to further deepen cooperation between Japan and Australia but also to enhance Japan’s warship capabilities, Defense Minister Gen Nakatani has said. The Japanese Mogami-class design boasts advanced combat systems, anti-submarine and anti-air warfare capabilities, and mine countermeasure operations—all operated by a lean crew of around 90, helping to address ongoing recruitment challenges in the Australian Navy.
The vessel’s commanding officer, Masayoshi Tamura, said the ship’s smaller crew was an aim of the Mogami-class ship.
“The Japanese Maritime SelfDefense Force thought we need stealth, and less people, and a little bit smaller ship,” Tamura told the Australian Broadcasting Corporation.
Closer
military ties
THE JS Yahagi’s visit to Darwin comes amid intensifying strategic cooperation between Canberra and Tokyo, both of which have emphasized the importance of maritime safety and security of sea lanes.
The frigate’s arrival is also seen as a gesture of Japan’s growing role in regional security and its desire to align more closely with key partners like Australia.
In September 2024, Australia and Japan agreed to increase joint military training exercises to address shared concerns of China’s incursions into Japanese airspace and territorial waters.
Two months later, defense ministers from Australia, Japan and the US held tripartite talks in Darwin to reaffirm their commitment to strengthening security ties and planning for joint military operations in northern Australia.
Japanese marine units are also now included in annual training rotations of US Marines in Darwin.
Mari Yamaguchi in Tokyo contributed.
Moscow’s African ambitions: Russia sends tanks, artillery to West Africa despite Western sanctions
By Monika Pronczuk, John Leicester & Michael Biesecker
The Associated Press
DAKAR, Senegal—Even as it pounds Ukraine, Russia is expanding its military footprint in Africa, delivering sophisticated weaponry to sub-Saharan conflict zones where a Kremlin-controlled armed force is on the rise. Skirting sanctions imposed by Western nations, Moscow is using cargo ships to send tanks, armored vehicles, artillery and other high-value equipment to West Africa, The Associated Press has found.
Relying on satellite imagery and radio signals, AP tracked a convoy of Russian-flagged cargo ships as they made a nearly one-month journey from the Baltic Sea. The ships carried howitzers, radio jamming equipment and other military hardware, according to military officials in Europe who closely monitored them. The deliveries could strengthen Russia’s fledgling Africa Corps as Moscow competes with the United States, Europe and China for greater influence across the continent.
The two-year-old Africa Corps, which has links to a covert branch of Russia’s army, is ascendant at a time when US and European troops have been withdrawing from the region, forced out by sub-Saharan nations turning to Russia for security.
Mali, Burkina Faso and Niger have been battling fighters linked with al-Qaida and the Islamic State group for more than a decade.
At first, mercenary groups with
an arms-length relationship to the Kremlin entered the fray in Africa. But increasingly, Russia is deploying its military might, and intelligence services, more directly.
“We intend to expand our cooperation with African countries in all spheres, with an emphasis on economic cooperation and investments,” Kremlin spokesman Dmitry Peskov said. “This cooperation includes sensitive areas linked to defense and security.”
From the ports, Russian weapons are trucked to Mali RUSSIA’S 8,800-ton Baltic Leader and 5,800-ton Patria are among hundreds of ships that Western nations have sanctioned to choke off resources for Russia’s war in Ukraine. The ships docked and unloaded in Conakry, Guinea, in late May, AP satellite images showed.
Other ships made deliveries to the same port in January. They
delivered tanks, armored vehicles and other hardware that was then trucked overland to neighboring Mali, according to European military officials and a Malian blogger’s video of the long convoy.
The military officials spoke to AP about Russian operations on condition of anonymity. The AP verified the blogger’s video, geolocating it to the RN5 highway leading into Bamako, the Malian capital.
After the latest delivery in Conakry, trucks carrying Russian-made armored vehicles, howitzers and other equipment were again spotted on the overland route to Mali.
Malian broadcaster ORTM confirmed that the West African nation’s army took delivery of new military equipment. AP analysis of its video and images filmed by the Malian blogger in the same spot as the January delivery identified a broad array of Russian-made hardware, including 152 mm artillery guns and other smaller canons.
AP also identified a wheeled, BTR-80 armored troop carrier with radio-jamming equipment, as well as Spartak armored vehicles and other armored carriers, some mounted with guns. The shipment also included at least two semiinflatable small boats, one with a Russian flag painted on its hull, as well as tanker trucks, some marked “inflammable” in Russian on their sides.
The military officials who spoke to AP said they believe Russia has earmarked the most potent equipment—notably the artillery and jamming equipment—for its Africa Corps, not Malian armed forces. Africa Corps appears to have been given air power, too, with satellites spotting at least one Su-24 fighter-bomber at a Bamako air base in recent months.
Moscow’s notorious secret unit FOR years, French forces supported counterinsurgency operations in Mali and neighboring Burkina Faso and Niger. But France pulled out its troops after coups in Mali in 2020 and 2021, in Burkina Faso in 2022 and Niger in 2023. Russian mercenaries stepped into the vacuum.
Wagner Group, the most notable, deployed to Sudan in 2017 and expanded to other African countries, often in exchange for mining concessions.
It earned a reputation for brutality, accused by Western countries and U.N. experts of human rights abuses, including in Central African Republic, Libya and Mali.
Of 33 African countries in which Russian military contractors were active, the majority were Wagner-controlled, according to US government-sponsored research by RAND.
But after Wagner forces mutinied in Russia in 2023 and their leader, Yevgeny Prigozhin, was killed two months later in a suspicious plane crash, Moscow tightened its grip. Russian military operations in Africa were restructured, with the Kremlin taking greater control through Africa Corps.
It is overseen by the commander of Unit 29155, one of the most notorious branches of Russia’s shadowy GRU military intelligence service, according to the European Union. Unit 29155 has been accused of covertly attacking Western interests for years, including through sabotage and assassination attempts.
The EU in December targeted Unit 29155 Maj. Gen. Andrey Averyanov with sanctions, alleging that he is in charge of Africa Corps operations.
“In many African countries,
Russian forces provide security to military juntas that have overthrown legitimate democratic governments, gravely worsening the stability, security and democracy of the countries,” the EU sanctions ruling said. These operations are financed by exploiting the continent’s natural resources, the ruling added.
The Russian Ministry of Defense didn’t immediately respond to questions about Averyanov’s role in Africa Corps.
Africa Corps recruitment
RESEARCHERS and military officials say the flow of weapons from Russia appears to be speeding Africa Corps’ ascendancy over Wagner, helping it win over mercenaries that have remained loyal to the group. Africa Corps is also is recruiting in Russia, offering payments of up to 2.1 million rubles ($26,500), and even plots of land, for signing a contract with the Ministry of Defense, plus more on deployment.
Within days of the latest equipment delivery, Wagner announced its withdrawal from Mali, declaring “mission accomplished” in a Telegram post.
Africa Corps said in a separate post that it would remain.
The changeover from Wagner to Africa Corps in Mali could be a forerunner for other similar transitions elsewhere on the continent, said Julia Stanyard, a researcher of Russian mercenary activity in Africa.
“Bringing in this sort of brandnew sophisticated weaponry, and new armored vehicles and that sort of thing, is quite a bit of a shift,” said Stanyard, of the Switzerlandbased Global Initiative Against Transnational Organized Crime.
Armed groups in Mali have inflicted heavy losses on Malian
troops and Russian mercenaries. The al-Qaida linked group JNIM killed dozens of soldiers in an attack this month on a military base. Insurgents also killed dozens of Wagner mercenaries in northern Mali last July.
Some of the latest hardware could have been shipped over specifically in response to such attacks, military officials said. They said the jamming equipment, for example, could help defend against booby traps detonated using phone signals.
Russian escort’s red flags THE latest convoy attracted attention because a Russian Navy warship, the Boykiy, escorted the ships after they set off in April from Russia’s Kaliningrad region on the Baltic.
Last October, in what’s considered a hostile act, the Boykiy’s radar systems locked onto a French Navy maritime surveillance plane on patrol against suspected Russian efforts to sabotage underwater cables, according to military officials.
The convoy included a third sanctioned Russian cargo ship, the Siyanie Severa. It continued onward as Baltic Leader and Patria unloaded in Conakry, docking in Bata, Equatorial Guinea. Satellite imagery from May 29 shows trucks lined up on the dock as the ship unloaded. The AP could not verify whether the cargo included weapons or the ultimate destination for the shipment, though Wagner has maintained a strong presence in the nearby Central African Republic.
Leicester reported from Paris and Biesecker from Washington. Beatrice Dupuy and Rachel Leathe in New York contributed.
NIH scientists publish declaration criticizing Trump’s deep cuts in public health research
By Calvin Woodward & Nathan Ellgren The Associated Press
WASHINGTON—In his confirmation hearings to lead the National Institutes of Health, Jay Bhattacharya pledged his openness to views that might conflict with his own. “Dissent,” he said, “is the very essence of science.”
That commitment is being put to the test.
On Monday, scores of scientists at the agency sent their Trumpappointed leader a letter titled the Bethesda Declaration, challenging “policies that undermine the NIH mission, waste public resources, and harm the health of Americans and people across the globe.”
It says: “We dissent.”
In a capital where insiders often insist on anonymity to say such things publicly, 92 NIH researchers, program directors, branch chiefs and scientific review officers put their signatures on the letter—and their careers on the line. An additional 250 of their colleagues across the agency endorsed the declaration without using their names.
The letter, addressed to Bhattacharya, also was sent to Health Secretary Robert F. Kennedy Jr. and members of Congress who oversee the NIH. White House spokesman Kush Desai defended the administration’s approach to federal research and said President Donald Trump is focused on
restoring a “Gold Standard” of science, not “ideological activism.”
The letter came out a day before Bhattacharya is to testify to a Senate committee about Trump’s proposed budget, opening him to questions about the broadside from declaration signers, and it stirred Democrats on a House panel to ask the Republican chair for hearings on the matter.
Confronting a ‘culture of fear’ THE signers went public in the face of a “culture of fear and suppression” they say Trump’s administration has spread through the federal civil service. “We are compelled to speak up when our leadership prioritizes political momentum over human safety and faithful stewardship of public resources,” the declaration says.
Bhattacharya responded to the declaration by saying it “has some fundamental misconceptions about the policy directions the NIH has taken in recent months,” such as suggestions that NIH has ended international collaboration.
“Nevertheless, respectful dissent in science is productive,” he said in a statement. “We all want the NIH to succeed.”
Named for the agency’s headquarters location in Maryland, the Bethesda Declaration details upheaval in the world’s premier public health research institution over the course of mere months.
It addresses the termination of 2,100 research grants valued at more than $12 billion and some of the human costs that have resulted, such as cutting off medication regimens to participants in clinical trials or leaving them with unmonitored device implants.
In one case, an NIH-supported study of multi-drug-resistant tuberculosis in Haiti had to be stopped, ceasing antibiotic treatment mid-course for patients.
In a number of cases, trials that were mostly completed were rendered useless without the money to finish and analyze the work, the letter says. “Ending a $5 million research study when it is 80% complete does not save $1 million,” it says, “it wastes $4 million.”
The mask comes off JENNA NORTON , who oversees health disparity research at the agency’s National Institute of Diabetes and Digestive and Kidney Diseases, recently appeared at a forum by Sen. Angela Alsobrooks, D-Md., to talk about what’s happening at the NIH.
At the event, she masked to conceal her identity. Now the mask is off. She was a lead organizer of the declaration.
“I want people to know how bad things are at NIH,” Norton told The Associated Press.
The signers said they modeled
their indictment after Bhattacharya’s Great Barrington Declaration in 2020, when he was a professor at Stanford University Medical School.
His declaration drew together likeminded infectious disease epidemiologists and public health scientists who dissented from what they saw as excessive Covid-19 lockdown policies and felt ostracized by the larger public health community that pushed those policies, including the NIH.
“He is proud of his statement, and we are proud of ours,” said Sarah Kobrin, a branch chief at the NIH’s National Cancer Institute who signed the Bethesda Declaration.
Cancer research is sidelined AS chief of the Health Systems and Interventions Research Branch, Kobrin provides scientific oversight of researchers across the country who’ve been funded by the cancer institute or want to be. Cuts in personnel and money have shifted her work from improving cancer care research to what she sees as minimizing its destruction. “So much of it is gone—my work,” she said.
The 21-year NIH veteran said she signed because she didn’t want to be “a collaborator” in the political manipulation of biomedical science.
Ian Morgan, a postdoctoral fellow with the National Institute of General Medical Sciences, also signed the declaration. “We have a saying in basic science,” he said. “You go and become a physician if you want to treat thousands of patients. You go and become a researcher if you want to save billions of patients.
“We are doing the research that is going to go and create the cures of the future,” he added. But that won’t happen, he said, if Trump’s Republican administration prevails with its searing grant cuts.
The NIH employees interviewed by the AP emphasized they were speaking for themselves and not for their institutes nor the NIH.
Dissenters range across the breadth of NIH
EMPLOYEES from all 27 NIH institutes and centers gave their support to the declaration. Most who signed are intimately involved with evaluating and overseeing extramural research grants.
The letter asserts “NIH trials are being halted without regard to participant safety” and the agency is shirking commitments to trial participants who “braved personal risk to give the incredible gift of biological samples, understanding that their generosity would fuel scientific discovery and improve health.”
The Trump administration has gone at public health research on several fronts, both directly, as part of its broad effort to root out diversity, equity and inclusion values throughout the bureaucracy, and as part of its drive to starve some universities of federal money.
At the White House, Desai said Americans “have lost confidence in our increasingly politicized healthcare and research apparatus that has been obsessed with DEI and Covid, which the majority of Americans moved on from years ago.”
A blunt ax swings
THIS has forced “indiscriminate
grant terminations, payment freezes for ongoing research, and blanket holds on awards regardless of the quality, progress, or impact of the science,” the declaration says.
Some NIH employees have previously come forward in televised protests to air grievances, and many walked out of Bhattacharya’s town hall with staff. The declaration is the first cohesive effort to register agency-wide dismay with the NIH’s direction.
The dissenters remind Bhattacharya in their letter of his oftstated ethic that academic freedom must be a lynchpin in science.
With that in place, he said in a statement in April, “NIH scientists can be certain they are afforded the ability to engage in open, academic discourse as part of their official duties and in their personal capacities without risk of official interference, professional disadvantage or workplace retaliation.” Now it will be seen whether that’s enough to protect those NIH employees challenging the Trump administration and him.
“There’s a book I read to my kids, and it talks about how you can’t be brave if you’re not scared,” said Norton, who has three young children. “I am so scared about doing this, but I am trying to be brave for my kids because it’s only going to get harder to speak up.
“Maybe I’m putting my kids at risk by doing this,” she added. “And I’m doing it anyway because I couldn’t live with myself otherwise.”
The Associated Press Medical Writer Lauran Neergaard contributed to this report.
the private sector and government agencies; and the standardization of scam typologies.
“The industry’s future initiatives come at a critical juncture for the Marcos administration, with public policy likely to have a significant impact on Philippine banks,” BAP said.
Earlier this month, the National Bureau of Investigation (NBI) said around 40 individuals may be involved in an online investment scam operating in Mabolo, Cebu City.
The scam was exposed by a hacker who successfully broke into the group’s internal systems and recorded evidence of their fraudulent activities. (See: https://businessmirror.com.ph/2025/05/21/ nbi-hunts-40-people-in-cebuonline-investment-scam/).
In an interview, NBI Director Jaime Santiago said operatives of the NBI-Region 7 led by its director-lawyer Rennan Augustus Oliva immediately conducted an operation on the scam hub.
Samoa election raises stakes in regional power play with China, US, and Australia
By Keiran Smith The Associated Press
NEWCASTLE, Australia—Samoa will head to the polls on Aug. 29, a half-year earlier than expected, after Prime Minister Fiamē Naomi Mata’afa’s government collapsed following a budget defeat in parliament late last month.
Fiamē, who became the South Pacific island nation’s first female prime minister in 2021 and ended four decades of Human Rights Protection Party rule, now faces a three-way political battle that has ramifications far beyond Samoa.
The snap election comes at a time of heightened geopolitical interest in the South Pacific, with Samoa viewed as a strategic player in the growing contest for regional influence between China and traditional partners like Australia and the United States. Climate change is also seen as an existential threat for the
The hub was located at the second floor of The Gallery located at Archbishop Reyes St., Mabolo, Cebu City, after a YouTube video published by the ethical hacker went viral and reached its attention. Cai U. Ordinario stakeholder consultations, which were conducted with the support of their joint initiative
trade and economy, culture and education, inter-regional and interparliamentary ties, people-topeople exchanges. He underlined the significance of the forthcoming 50th anniversary of diplomatic relations in 2026, for which there are plans to celebrate through various initiatives.
The guest of honor, Undersecretary for Foreign Affairs Charles C.
delaying or reconsidering their plans to expand elsewhere in the world.
“While some stabilization is expected later in 2025, the environment remains fragile, and FDI flows may remain subdued unless global conditions improve,” Asuncion told this newspaper on Tuesday.
Asuncion said a consensus among economists has been reached in terms of a slower global economic growth this year and a similar outlook has also been shared by multilaterals.
In terms of geopolitical tensions and trade policy shifts, Asuncion said these are also leading to supply chain realignments making it difficult for some firms to consider cross-border investments.
Jose, confirmed in his speech the intention of the Philippine side to promote fruitful cooperation between the two nations. The National Anthems of both states, as well as the famous Russian song “Posmoskovniye vechera,” were sung by special guests of the reception—“Male Ensemble Philippines”—underscoring the friendly nature of Russia-Philippines relations and the two countries’ interconnection.
The reception focused on the rich cultural and entertainment
On friendshoring, Asuncion said in order to reduce their exposure to supply chain disruptions and similar concerns, companies are turning to less affected regions or even local markets. He noted reshoring has already outpaced FDIs in the United States.
Apart from these, countries in the region are also experiencing challenges. China’s GDP growth, he said, is slowing while Southeast Asian countries like Vietnam and Indonesia are challenged by infrastructure and policy consistency issues.
“This contraction is part of a broader recalibration of global investment flows. While the US plays a central role, the overall FDI outlook is shaped by a complex mix of geopolitical, economic, and structural factors, as we all know,” Asuncion said.
“Unless there’s a marked improvement in global coordination
Samoan archipelago, which has a population of 200,000 people, and is among the world’s most
with the European Union (EU), namely the Ship to Shore Rights South-East Asia: Safe Migration for Decent Work in the Blue Economy.
“The PAC will serve as a vital mechanism for ensuring that our
program provided with the support of the Moscow City Government, allowing the audience to immerse in the Russian culture through an interactive show by the folk ensemble “Sergevna,”, which included some of the most popular compositions. In the same State Reception hosted by the Russian Embassy, an award was bestowed on Mme. Armi Garcia, Honorary Consul of Russia in Cebu, with a badge of the Russian Ministry of Foreign Affairs recognizing her huge contribution to developing bilateral
and policy clarity (this is a key word), we may continue to see cautious investment behavior through the rest of 2025,” he added.
Fundamental, structural FOR Ateneo de Manila University economist Leonardo Lanzona Jr., the issue surrounding the country’s dismal FDI performance in the first quarter is more fundamental.
Lanzona said that while the national government claimed the country’s growth was already the fastest compared to other countries, the country’s FDI should have followed suit.
He explained the reason for the variance between the growth and FDI data: the country’s GDP growth seemed faster because of a
work is grounded on the realities of those most affected, our migrant fishers and their communities,” Hassan said.
The EU has allocated 11 million Euros (estimated US$11.6 million) to fund the Ship to
cooperation and strengthening peace and friendly relations between the two nations.
Garcia thanked the Russians for their trust and expressed her intention to continue promoting Russian-Philippine initiatives.
The following day, on June 6, 2025, the event dedicated to the Russian Language Day and the 226th birthday anniversary of Alexander Pushkin took place at the monument of the great poet, located at the Universidad de Manila.
That event, organized with
low base. Faster GDP is one of the factors that determine FDI growth for countries.
“The point is that the government claims that our growth is the highest compared to other countries. We all know that compared to other countries, the country’s base is actually lower. Having the highest growth rate is only important if we are able to get FDI,” Lanzona explained to BusinessMirror
“Extraneous factors are not critical if indeed we have the highest growth rate because it means that investors have no place to go except us. The fact that FDIs are low despite growth rates indicates that something structural has always been amiss,” he added.
imperiled by rising seas.
Fiamē’s FAST government fractured earlier this year after she fired party chairman La’auli Leuatea Polataivao from the cabinet over criminal charges. The move triggered a party split.
Though Fiamē survived two no-confidence votes, a combined effort by HRPP and FAST defectors to block her budget forced the early election.
Fiamē now leads the newly formed Samoa Uniting Party, facing off against her former boss Tuila’epa Sa’ilele Malielegaoi’s HRPP and La’auli’s rebranded FAST.
The Head of State, Tuimalealiifano Sualauvi Vaaletoa II, formally announced the election date on Tuesday, after the country’s Supreme Court rejected a bid to allow more time for preparations.
Shore Rights South-East Asia, which aims to address the challenges faced by fishermen from Cambodia, Indonesia, Malaysia, Philippines, and Thailand when it comes to their labor migration process and labor rights.
Manila City Government, the president of the Universidad de Manila Dr. Felma Carlos-Tria and “Filipinos in the Former Soviet Republics” association, was attended by Ambassador Marat I. Pavlov and the delegation of Moscow City Government.
The solemn wreath-laying ceremony at the Pushkin monument in Mehan garden, was followed by the colorful performance of the Moscow folk ensemble “Sergevna”, that presented several famous Russian songs.
Lanzona also told reporters that in truth, the country’s growth is only dependent on remittances and consumption such that if global conditions are not conducive, the country’s FDIs are not expected to increase.
He said the national government should prioritize addressing the decreasing value added of domestic resources, including labor, especially in agriculture and manufacturing.
Meanwhile, the BSP said FDI reached $498 million net inflows in March 2025, a contraction of 27.8 percent from the $689 million net inflows posted in March 2024.
The BSP said this was mainly due to nonresidents’ net investments in debt instruments
Prominent Colombian presidential candidate critically wounded in assassination attempt
By Manuel Rueda The Associated Press
BOGOTA, Colombia—Miguel Uribe, a conservative Colombian presidential hopeful, was in critical condition on Monday after being shot in the head from close range during a rally over the weekend. In a statement, doctors said the 39-yearold senator had “barely” responded to medical interventions that included brain surgery following the assassination attempt that has had a chilling effect on the South American nation.
Uribe was shot on Saturday as he addressed a small crowd of people who had gathered in a park in Bogota’s Modelia neighborhood.
On Sunday hundreds of people gathered outside the hospital where Uribe is being treated to pray for his recovery. Some carried rosaries in their hands, while others chanted slogans against President Gustavo Petro.
“This is terrible,” said Walter Jimenez, a lawyer who showed up outside the hospital with a sign calling for Petro’s removal. “It feels like we are going back to the 1990’s,” he said, referring to a decade during which drug cartels and rebel groups murdered judges, presidential candidates and journalists with impunity. Petro has condemned the attack and urged his opponents to not use it for political ends. But some Colombians have also asked the president to tone down his rhetoric against opposition leaders. The assassination attempt stunned the nation, with many politicians describing it as the latest sign of how security has deteriorated in Colombia, where the government is struggling to control violence in rural and urban areas, despite a 2016 peace deal with the nation’s largest rebel group.
The attack on Uribe comes amid growing animosity between Petro and the Senate over blocked reforms to the nation’s labor laws.
Petro has organized protests in favor of the reforms, where he has delivered fiery speeches referring to opposition leaders as “oligarchs” and “enemies of the people.”
which contracted 31.6 percent year-on-year to $329 million in March 2025 from $481 million in March 2024. The data also showed nonresidents’ net investments in equity capital and their reinvestment of earnings fell by 27.4 percent to $102 million from $141 million and 1.2 percent to $66 million from $67 million, respectively. Equity capital placements in March 2025 were sourced primarily from Singapore, Japan, the United States, South Korea, and Malaysia. These were infused largely to the real estate; manufacturing; financial and insurance; and administrative and support services industries.
BRITAIN’S King Charles, right, and Samoan Prime Minister Afioga Fiamē Naomi Mata‘afa, left, talk during the opening ceremony for the Commonwealth Heads of Government meeting in Apia, Samoa, October 25, 2024. AP/RICK RYCROFT
R. Calso
Rice output stagnant, prices big concern for farmers and consumers
AFTER registering a record harvest of 20.06 million metric tons in 2023, Philippine rice production again slipped below the 20-MMT mark last year due to El Niño. Rice production in 2024 was nearly a million tons lower at 19.09 MMT, which caused the Philippines to again rely heavily on foreign markets to augment its domestic supply. Because of the supply shortfall created by drought, Philippine rice imports reached an all-time high of 4.8 MMT last year and made the country again the top rice importer in the world.
With El Niño no longer threatening rice farms, the government is hopeful that output for this year would again breach the 20-MMT mark. However, despite the absence of the weather phenomenon, and huge investments made by the government, unmilled rice production in the first quarter of this year was almost flat at 4.698 MMT, just 0.3 percent higher than the 4.685 MMT recorded a year ago. Output in the first quarter of 2024 and 2025 were lower than the 4.778 MMT recorded in the same period in 2023.
The slight increase in production was achieved despite the contraction in areas planted with rice in the first three months of the year. Data from the Philippine Statistics Authority (PSA) showed that the harvest area for irrigated palay shrank to 820,394.07 hectares in the first quarter, from last year’s 822,681.41 hectares. For rainfed palay, the harvest area was even smaller at 327,130.91 hectares compared with the previous year’s 351,953.77 hectares.To again hit or exceed the 2023 output, rice harvest area must be larger than the combined 4.815 million hectares recorded that year. If this is not possible, then there must be a dramatic increase in yield per hectare to enable farmers to produce 20.46 MMT of rice for this year. (See, “PHL rice imports seen hitting 4MMT this year,” in the BusinessMirror , April 2, 2025). The interventions bankrolled by the Rice Competitiveness Enhancement Fund should have been taking effect by now as it has been in place for five years.
What would make it difficult for planters to achieve a record rice harvest this year is the movement of farmgate prices. Local rice is practically competing against imports; higher quotations could drive away traders and prompt them to tap foreign markets instead. While the cost of bringing rice imports into the Philippines may have become more attractive due to the decision of India to lift its restrictions on exports, the expenses incurred by farmers continue to rise and has made it practically impossible for them to accept lower quotations. Preventing farmgate prices from going into a free fall would require a careful balancing act, one that would allow consumers to enjoy affordable rice and farmers to earn from their crop. While there are no perfect systems, this should not preclude policymakers from finding suitable mechanisms that would entice not only local planters from staying in the agriculture sector but also encourage the young to go into farming. Without new entrants into the sector and significant improvements in how rice planting is done in the country, the Philippines would remain as the world’s top rice importer for years to come.
Protecting foreign tourists
TTHE BUILDER
OURISM plays a major role in the Philippine economy. Foreign tourists drive growth, contribute to an inclusive economy and provide a ready source of employment.
It is, thus, government’s obligation to protect foreign tourists from criminal elements, such as what happened recently to Korean travelers.
I’d like to think that the recent incidents involving the murders of two Korean tourists and kidnapping of one were isolated cases and do not reflect the overall security situation in the Philippines.
Nevertheless, our authorities should not be complacent. We should do everything to make the traveling experience of foreign tourists pleasant and devoid of negative incidents.
I am pleased to learn that our authorities are responding swiftly to the recent negative incidents that grabbed headlines in South Korea. The Department of Tourism (DOT) has committed to ensuring the safety of South Korean tourists, the Philippines’ top source of international visitors.
DOT Secretary Christina Frasco did the right thing when she acknowledged the seriousness of the situation and vowed to prioritize, along
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Iwith other government agencies, the safety of South Korean tourists and all visitors to the Philippines.
South Korea in 2024 remained the Philippines’ leading source market with 1.57 million arrivals, contributing about $2.3 billion to the economy.
“Anyone who harms a tourist must be held fully accountable. Such incidents affect not just individuals, but the entire economy. Tourism supports millions of livelihoods, and we must protect it,” says Frasco.
Coordinating with the Department of the Interior and Local Government (DILG), the Philippine National Police (PNP) and local governments should also strengthen onthe-ground safety efforts.
Under the Tourism-Oriented Police for Community Order and Protection (TOPCOP) program, over 8,600 police officers have been trained, along with barangay tanods and intelligence networks in remote areas.
The PNP also deployed 30 tourist police units, 104 tourist police assistance centers and 1,243 tourist
By William Horobin
N the ministry where Emmanuel Macron began his imperious transformation of France’s economy and politics, Eric Lombard is quietly refashioning the president’s project into a humbler, more careful enterprise.
The soft-spoken 67-year-old, who took over the finance and economy department at the end of last year, is deploying tactics built on compromise rather than ideology, honed over decades advising on deals at BNP Paribas SA and guiding governments through past crises.
It’s a big shift away from Macron’s grandstanding approach to politics, one that promised big yet also alienated voters, political rivals and even partners. That all came to a head last year when an election gamble backfired, undermining the president’s grip on power and sparking a bondmarket backlash.
Now, Macron needs Lombard— and his calm approach—to get a budget and about €40 billion ($46 billion) of savings through a deeply divided parliament this year. To have more time to deal with disagree -
ments and preempt a crisis in the fall, the finance minister has brought forward conversations with political groups, including the president’s outright adversaries. Failure to get some buy-in would put the government on a path to collapse, further undermining Macron before his final term ends in two years.
Despite all the risks, on Monday Macron didn’t rule out calling snap elections again: “My wish is that there’s not another dissolution but I’m not used to depriving myself of a constitutional power,” he said. Lombard describes his method as simply “listening and dialog.” It’s multi-purpose, from negotiating at home to seeking clemency from the European Union on fiscal rules and attempting to smooth trade relations with Donald Trump’s administration.
assistance desks nationwide.
Frasco commended the efforts by the Presidential Anti-Organized Crime Commission (PAOCC) to enhance tourist protection, including proposals to train police in Korean and increase assistance desks.
Providing security to foreign visitors is our duty if we want to keep our reputation as “Asia’s Leading Beach Destination” during the 2024 World Travel Awards.
Infrastructure support
ASIDE from security issues, the Philippines faces infrastructure gaps in tourism that hinder the full development of the sector.
The Philippines is an archipelago that hosts many spectacular beaches and diving spots. But our diverse islands and tourism destinations pose many challenges for foreign travelers.
For one, the Philippines has a disadvantage in connectivity in terms of land travel compared with our neighbors in Southeast Asia. Almost 100 percent of our foreign tourists are dependent on air travel.
Other government agencies like the Department of Transportation (DOTr) must contribute building up infrastructure and connectivity in the tourism sector.
Connecting our islands remain a tourism priority. Improved connectivity to key destinations such as Cebu, Clark, Palawan and Bohol will ensure seamless travel for foreign visitors.
President Ferdinand Marcos Jr.,
The approach has already got him one big win, getting the delayed 2025 budget through a fractious parliament earlier this year and bringing some relief after months of turbulence.
“It’s the right method whatever the circumstances,” Lombard said in an interview at the Group of Seven meeting of finance chiefs in Canada last month. “It’s the same for the G7—of course it’s not political parties, but it’s still about dialog, looking for compromise and balance, and in no way imposing anything.”
Lombard was brought in late last year under new Prime Minister Francois Bayrou as Macron sought to end months of political chaos. The previous government of Prime Minister Michel Barnier had collapsed, the country was without a budget and bond yields had risen sharply compared to the German benchmark. He wasted no time, discretely negotiating with politicians through the Christmas break and navigating deep parliamentary divisions exacerbated by almost eight years of Macron’s presidency. By mid-February, France had a budget and borrowing
the DOT and DOTr are very much aware of the infrastructure gaps in the tourism sector. They have prioritized key investments in airports, new accommodations and transportation to improve accessibility and attract more travelers.
The planned upgrades of major airports, including Manila and Bohol-Panglao international airports, will improve air travel efficiency. New air routes to secondary cities, meanwhile, will create more opportunities for domestic and international tourists to explore lesserknown destinations.
This early, Air Canada, Air France and United Airlines are establishing new direct air routes to and from Manila that will provide a significant boost to the country’s tourism. Major railway projects will also enhance the traveling experience of foreign and local travelers as well. The Metro Manila Subway, the North-South Commuter Railway and Metro Rail Transit Line 7 should ease road congestion and expedite movement—at least in Luzon.
Several projects are also proposed in the south, including the 1,544-kilometer Mindanao Railway, which I hope will take off soon. Tourism is one sector that improves livelihood in the countryside. We should all do our share to entice more travelers in the Philippines to broaden our economic base.
For feedback e-mail to senatormarkvillar@ gmail.com or visit our web site: https://markvillar. com.ph
costs were easing somewhat. To salvage the financial plans, he focused on moderate socialists who had previously allied with the far left in an anti-Macron bloc, pledging to work on ways to ensure the wealthy paid a fair share of tax and preserving spending on healthcare and education. The resulting deficit reduction was less ambitious, but enough to prevent a further blowout in spreads and convince the moderate left to get on board.
“He broke with a form of arrogance,” Socialist lawmaker Dominique Potier said. “State of mind is fundamental—he’s there to serve, not for his own glory.” Lombard also intends to navigate international relations with caution. In April, as Macron lashed out against Trump’s trade threats, Lombard sent a very different message at IMF meetings in Washington, softening the tone and saying he agreed with the US’s analysis of trade imbalances. On joint borrowing in Europe, something Macron has often called for but which remains controversial in Germany, he’s careful not to force See “France,” A15
Mark Villar
Trump says China ‘not easy’ as trade talks to resume Tuesday
By Daniel Flatley & Tyler Kendall
TRADE talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.
Representatives for both nations ended their first day of negotiations in London after more than six hours at Lancaster House, a 19th century mansion near Buckingham Palace. The talks concluded around 8 p.m. London time. The advisers will meet again Tuesday at 10 a.m. in the British capital, the official said.
“We are doing well with China. China’s not easy,” Trump told reporters at the White House on Monday. “I’m only getting good reports.”
The US delegation was led by Treasury Secretary Scott Bessent, with Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer. The presence of Lutnick, the former Cantor Fitzgerald CEO, underscored the importance that export controls are playing in these discussions.
Bessent told reporters in London they had a “good meeting” and Lutnick called the discussions “fruitful.”
The Chinese delegation was led by Vice Premier He Lifeng, who left without commenting to the media. With him was Commerce Minister Wang Wentao and his deputy Li Chenggang, the country’s trade representative.
Wang has become a fixture in the entourage of President Xi Jinping on overseas trips since he was appointed in 2020, while Li is a veteran trade bureaucrat and was previously ambassador to the World Trade Organization. The Ministry of Commerce can be seen as the counterpart to both the US Department of Commerce and the Office of the Trade Representative.
Hours ahead of the second day of talks, Yuyuantantian, a social media account affiliated with state broadcaster China Central Television, said Beijing is earnest about trade talks with the US but is at the same time principled. “China has already made it clear that the US should realistically view the progress made and revoke negative measures against China,” according to the article.
The US signaled a willingness to remove restrictions on some tech exports in exchange for assurances that China is easing limits on rare earth shipments, which are critical to a wide array of energy, defense and technology products, including smartphones, fighter jets and nuclear reactor rods. China accounts for almost 70 percent of the world’s production of rare earths.
Specifically, the Trump administration is prepared to remove a recent spate of measures targeting chip design software, jet engine parts, chemicals and nuclear materials, people familiar with the matter said. Many of those actions were taken in the past few weeks as tensions flared between the US and China. Trump was noncommittal about lifting export curbs, telling reporters “we’ll see” when asked about the possibility of such a move.
“China has been ripping off the United States for many years,” the
France . . .
continued from A14
the issue and typically stresses that France’s priority must be repairing its own public finances.
When pushed, Lombard says mutualized debt would give the EU more weight, but only makes sense if there is a clear political purpose.
“It’s like everything—you mustn’t do the symbolic for the sake of doing something symbolic,” Lombard said. Lombard is no stranger to financial and political turmoil. As an adviser to Socialist Finance Minister
The enduring promise of Philippine independence
US president said, while adding that “we want to open up China.”
The Trump administration expects that “after the handshake” in London, “any export controls from the US will be eased and the rare earths will be released in volume” by China, Kevin Hassett, head of the White House’s National Economic Council, told CNBC earlier in the day Monday. Hassett’s comments from Washington were the clearest signal yet that the US is willing to offer such a concession, though he added that the US would stop short of including the most sophisticated chips made by Nvidia Corp. used to power artificial intelligence.
“The very, very high-end Nvidia stuff is not what I’m talking about,” Hassett said, adding that restrictions would not be lifted on the Nvidia H2O chips that are used to train AI services. “I’m talking about possible export controls on other semiconductors which are also very important to them.”
Huawei Technologies Co. founder Ren Zhengfei dismissed the impact of US export restrictions on China in a front-page People’s Daily article on Tuesday, telling the Communist Party’s official newspaper he wasn’t worried about Washington’s efforts to cut off the flow of US technology to China’s chip sector. Domestic firms could resort to means such as chip packaging or stacking to achieve results similar to that from advanced semiconductor technology, he said.
Asian shares rose on Tuesday morning after US officials struck a positive tone about the talks. In the US, traders drove stocks higher the previous day, with the S&P 500 within 2 percent of its February peak.
The first round of negotiations since delegations from the countries met a month ago is aimed at restoring confidence that both sides are living up to commitments made in Geneva. During those discussions, Washington and Beijing agreed to lower crippling tariffs for 90 days to allow time to address a trade imbalance that the Trump administration blames on an unfair playing field.
Despite that truce, trade didn’t recover in May, with Chinese exports to the US dropping by the most since the start of the pandemic and imports from the US down by almost 20 percent in May.
A phone call last week between President Donald Trump and Xi appeared to give fresh momentum to reaching a deal. US-China trade tensions escalated this year as Trump hiked duties on Chinese goods, prompting retaliation from Beijing. That’s led to pain in both economies, including uncertainties for businesses trying to navigate sudden changes in trade policy. With assistance from Meghashyam Mali, Mackenzie Hawkins, Jennifer A. Dlouhy, James Mayger, Alan Wong, Catherine Wong, Colum Murphy and Jessica Sui/Bloomberg
Michel Sapin in the early 1990s, he was in the thick of the fight against market speculation that pushed France to the brink of tumbling out of the Exchange Rate Mechanism, a precursor to the euro. At the height of the crisis, Lombard stood in for his boss explaining to US investors in New York why France was a safe bet. Yet the Bank of France had exhausted its reserves defending the franc and was only saved with a credit line from Germany’s central bank. That trial by fire will serve Lombard in the current situation, where the so-called bond vigilantes are
IBRING with me the grateful greetings of a nation that, 127 years ago, dared to say one word fraught with peril—and mean it: Kalayaan. Freedom.
It was not just a cry. It was a covenant. It was not merely a declaration—it was defiance. I am tempted to call it destiny; but freedom is never destined. It is won with arms, bought with blood, and kept at the cost of great and continuing sacrifice. Victory is never guaranteed.
The revolution would have been stillborn if not enough Filipinos answered the call to arms. It might have split into powerless pieces from mortal disagreements among its leaders. Or been flat out destroyed as it was by the United States in its first exercise of imperial power overseas.
But it began as all revolutions must begin: with courage. And in Cavite. Cavite—crucible of Philippine freedom, birthplace of a repub -
lic conceived in hope, delivered with pain and peril. But it prevailed—for a brief while.
When the smoke of battle cleared; in the silence following what our forebears thought was the last shot, a flag was raised and the wind unfurled it. Then, sadly, it was taken down to live on as a promise after the Americans extinguished the first Philippine Republic.
The promise would actually be redeemed with the blood of Filipinos.
The American promise of independence would be made good with the bloody spectacle of our sacrifices in World War II. They showed the Americans that we deserved to have back what was taken by them from us—independence.
Independence is an obligation assumed, an offering made daily—in our choices and our voices; in quiet ways whereby we honor the sacrifices that bought us the breaths of freedom we take every day—here and at home. The past called us to fight. The present calls us to serve. The future—if we are worthy—will always see us free.
They gave it to us on the fourth of July, barely a year after the end of the Second World War. We were set adrift to fend for ourselves immediately after the war. We got paltry reparations for terrible losses in a war not ours. It is we who kept the American promise.
Now, across time and seas, the promise lives on in you—sons and daughters of Cavite, gathered far from home but not too far from a cause twice lost. Never again, I hope.
Now the fight goes on in another way—for progress and a wider prosperity for our people at home and abroad.
I look at your association—the Caviteños Association UK—and see more than an organization. I see memory made flesh; people who have not forgotten; keepers of flame and faith in a country made better as it passes from generation to generation. We started with zero in 1946. We took our losses and never asked help—expecting nothing. History repeats itself—each time more niggardly than before. Our gains are not spectacular but they are steady.
You serve. You give. Even here you are healed through annual medical missions and more—showing that patriotism is not measured by gestures alone; but in the steady, stubborn, beautiful work of caring for country and countrymen however far from home. The Philippines is wherever there are Filipinos, many or few. Each of us a particle; yet completely Philippines in each of ourselves. Makabayan. More than that, you are proof that freedom was not wasted on us; that we owe no one for our freedom. We paid and keep paying the full price of independence and freedom. It is better that way.
For what is kalayaan, what is freedom, if not this? The liberty to live lives of purpose; to build, to give, to belong—not only to the nation of our birth but to unfilled destinies that beckon still.
As we mark this 127th year since our people first stood tall against empire, bear in mind that independence is not a relic to be polished once a year. Nor a folded flag taken from a drawer, shaken to dispel the smell of mothballs; and raised for the wind to unfurl. Independence is an obligation assumed, an offering made daily—in our choices and our voices; in quiet ways whereby we honor the sacrifices that bought us the breaths of freedom we take every day—here and at home. The past called us to fight. The present calls us to serve. The future—if we are worthy— will always see us free.
Maligayang Araw ng Kalayaan!
Mabuhay ang Malayang Pilipino!
Europe’s IPO drought has stock exchanges battling for listings
By Pablo Mayo Cerqueiro, Vinicy Chan & Jonas Ekblom
AS fewer large companies opt to go public in Europe, the region’s stock exchanges are fighting harder to win the biggest listings.
Stockholm, Amsterdam, Zurich and London recently went head-tohead to vie for Hellman & Friedman’s initial public offering of Verisure. The Swedish exchange proved triumphant due to the €20 billion ($22.8 billion) security firm’s history in the country and the strength of the local investment community, according to people familiar with the matter.
Competition for the next major IPO is already underway. Amsterdam and London are also among the contenders to host software giant Visma, which could take place as soon as next year, the people said, who asked not to be identified as the information is private.
Europe—with its fragmented capital markets and relatively discounted stocks—is taking longer to recover from a years-long drought in IPOs than other regions. The continent has made up just 8 percent of global issuance so far this year compared with a yearly average of 16 percent for the last decade, according to data compiled by Bloomberg. Europe has seen relatively few large listings in recent years, with the biggest deal of 2025 so far raising just less than a billion dollars on the Stockholm bourse.
The muted volumes, compounded by a string of local champions floating in the US, have raised the stakes for regional bourses to look beyond their home markets for new listings, in a bid to offset outflows and rekindle capital markets activity.
on the prowl for governments that let their fiscal position deteriorate too far. The US is in the spotlight over its deficit and Trump’s tax-cut plans, while in Europe the concern is increased defense spending.
France’s 10-year yield was at 3.2 percent on Monday. It rose to about 3.6 percent in March, the highest since 2011.
For Lombard, preparing for the next budget battle, that’s a reminder that investors aren’t particularly forgiving right now. France’s situation is already perilous, with the deficit in breach of the EU limit and debt above 110 percent of GDP and rising.
“The last few years have been challenging for ECM, and when you have less activity the competition increases for those firms that are willing to list,” said Mathieu Caron, head of primary markets at Euronext NV which operates the Amsterdam bourse and several other venues across Europe.
The firm assembled an international listings team in London last year, tasked with attracting issuers from outside its home markets.
New listings bring in fees, with the hottest IPOs drawing international investors to the exchange—improving liquidity and helping to attract further listings. Management teams or head offices may also be relocated, benefiting the wider economy, often making the choice of venue a political issue. With that in mind, exchanges across Europe are ramping up their efforts to entice IPOs.
“Competition between exchanges has definitely increased,” Adam Kostyal, president of Nasdaq Stockholm, agreed. “Around the bigger firms we have work to do, but we are certainly not sitting on the sidelines.”
The Nordic region has been a relative winner in recent months, with Stockholm as the busiest capital city across Europe year-to-date as IPOs raised more than $1.6 billion.
Some European companies have looked to the US for better liquidity and heftier valuations. UK-based Arm Holdings Plc floated in New
Banking career AFTER time as a government adviser, Lombard returned to finance, working at BNP Paribas and Generali SpA.
But, worried about the path of capitalism and inequality, he stayed connected with the reformist wing of the French left, and in 2007 founded an association known as Les Gracques, which collaborated with a young Emmanuel Macron. The group was named after the ancient Roman Gracci Brothers, who tried to push reforms to distribute land rights to the poor.
In Macron’s lightening rise from adviser in a Socialist government
York two years ago in more than $5 billion IPO, while Swedish buy-now, pay-later giant Klarna Group Plc has filed for a potential US listing.
This means European exchanges need to hustle for each opportunity.
“We proactively approach companies or their shareholders, like private equity and venture capital funds, and sometimes we’re invited to pitch for a listing,” Euronext’s Caron explained.
London has been hit particularly hard by a wave of takeovers and a number of high-profile defections to other stock exchanges. Most recently, Wise Plc said it plans to move its primary listing to New York.
Charlie Walker, the deputy CEO of the London Stock Exchange, said the exchange has “seen a noticeable increase in interest from international companies in coming to London,” in emailed responses, without commenting further. Speaking to the BBC last week, Walker called for the UK government to encourage domestic investment to improve liquidity in public markets.
A spokesperson for Zurich bourse operator SIX Group AG said it sees “a good pipeline from several issuers across sectors and regions.”
Eyes on Verisure and Visma VERISURE’S IPO could be one of the region’s largest in years. The firm could seek a valuation of more than €20 billion ($22.8 billion) including debt, Bloomberg reported previously. Verisure drew interest from multiple stock exchanges because of its size and pan-European footprint. Formerly known as Securitas Direct, the company once traded in Stockholm
to pro-business president in 2017, Lombard saw a renewal of the center left he’d espoused in the early 1990s. To transition back to the public sector, he successfully lobbied the new French leader to appoint him head of Caisse des Depots—a public financial institution answering directly to parliament.
“He swims in politics in with simple ease, while not being at all political,” Sapin said. “He’s not a politician, but he’s of the left—although how you can be of the left in a government under Macron’s authority, that’s another question.” There’s an underlying tension be-
before it was taken over by private equity. The business, known for its alarm systems, is now headquartered in Switzerland and employs the bulk of its workforce in Spain. Amsterdam was the next closest contender for the IPO, while London and Zurich were both considered but eliminated earlier in the process, the people said. Verisure’s owner H&F declined to comment. Visma would also be a prized listing for European exchanges. The Norway-based company, backed by Hg Capital, was last valued at €19 billion in a stake sale in late 2023. Last year, the company generated €2.8 billion in revenues by supplying software solutions to companies including for invoicing and HR. Hg declined to comment.
Europe’s exchanges and governments have undertaken a series of reforms to entice companies to their capital markets. London Stock Exchange Group Plc will allow stocks not trading in British pounds access to FTSE indexes, while Euronext has introduced a common prospectus amid efforts by the European Union to integrate its capital markets. Nasdaq made it easier for companies listed on its flagship US bourse to also list in Stockholm. Spain’s stock exchange, part of SIX, will let companies list on the exchange first and then pick their window to sell shares, letting them avoid market turbulence.
“It’s important for European exchanges to win international listings because many are shrinking,” said Martin Steinbach, IPO leader at consultancy EY for Europe, the Middle East, India and Africa. Bloomberg
tween the center-left circles Lombard has worked with over the years and Macron’s approach, rooted in lowering taxes for investors and the rich while pledging to tackle deficits with spending cuts and unpopular overhauls like raising the retirement age. Among the president’s core supporters in parliament, Lombard’s style is popular as they recognize a need for cooperation. But there are also concerns that his method of quiet dialog opens up space for a cacophony of budget proposals from more politically minded ministers who are eyeing the end of the Macron era in 2027. Bloomberg
Remarks of Ambassador Teodoro L. Locsin, Jr. at the Philippine Independence Day Gala of Cavitenos Association UK, June 7, 2025, Royal National Hotel, London.
BusinessMirror
PHL has fastest-growing number of HIV in Aspac
By Cai U. Ordinario @caiordinario
THEUnited Nations Programme on HIV/AIDS (UNAIDS) and the World Health Organization (WHO) have backed the call of the Department of Health (DOH) to declare HIV an urgent public health concern.
In a statement on Tuesday, UNAIDS and WHO said the Philippines has the fastest growing number of HIV cases in the Asia-Pacific region. The multilateral agencies said new HIV cases in the country increased 550 percent over a period of 14 years.
Data showed HIV cases surged to 29,600 cases in 2024 from 4,400 in 2010 or 57 Filipinos infected per day. UNAIDS and WHO said around 252,800 Filipinos are estimated to be living with HIV in 2025.
“UNAIDS and WHO, together with the DOH, strongly support the
call for the immediate signing of an Executive Order officially declaring HIV an urgent public health concern,” the joint statement read.
“This order will help unite all sectors of society—including government agencies, private companies, and communities—to work together. It will also support broader public education on HIV, increase funding, and ensure the availability of essential HIV-related commodities for people across the country,” it added.
Apart from the surge in cases, UNAIDS and WHO said HIV pre -
vention in the Philippines faces an uphill battle in terms of financing.
They noted that only 6 percent or P211 million of the P3.6-billion HIV expenditure for 2023 was dedicated to prevention.
“This critical gap has been further impacted by the recent pause in US funding, which has also led to delays in the development and implementation of prevention activities and community-led responses,” the statement read.
UNAIDS and WHO said bridging this financing gap on prevention makes good economic sense, as lifelong HIV care and other conditions linked to chronic infection will lead to private and public costs.
The agencies said higher HIV cases will continue to strain health systems, stretching resources and the healthcare workforce in the years ahead.
This will also lead to severe financial hardships due to medical expenses and lost income for families and affected communities.
“As the Philippines progresses toward upper-middle-income status and international funding declines, strengthening domestic investment
in HIV prevention becomes increasingly critical,” the statement read.
UNAIDS and WHO also encouraged the Philippine National AIDS Council (PNAC) to adopt the HIV Prevention Roadmap.
They also urged the DOH, the Philippine Health Insurance Corporation (PhilHealth), and other key agencies to ensure universal access to HIV services—including prevention—and to promote a coordinated, multisectoral, and effective national response.
In the first quarter of 2025, the agencies said, a third of newly diagnosed HIV cases are among young Filipinos aged 15 to 24 years. These young people will need to be on treatment for life.
Based on DOH data, newly diagnosed HIV cases increased by 129 percent or 2.3 times over—from just 21 per day in 2014, to 48 in 2024.
There were 56 cases per day from January to April 2025, 44 percent higher than the same period last year.
(See: https://businessmirror. com.ph/2025/06/03/doh-proposes-declaration-of-hiv-healthemergency/).
www.businessmirror.com.ph
RUBIO SEES MORE TRILATERAL ACTION WITH JAPAN IN L.E.C.
THE top diplomats of the Philippines and the United States have committed to increase military and economic activities with Japan, in the face of continued Chinese aggression against Philippine vessels in the South China Sea.
This is one of the highlights of the meeting between Philippine Foreign Affairs Enrique Manalo and US State Secretary Marco Rubio in Washington D.C. Monday (Tuesday Manila time).
In a statement, Rubio said he and Manalo are committed to “deepening cooperation on addressing China’s destabilizing actions in the South China Sea.”
“The two leaders also committed to exploring new opportunities for cooperation with regional allies and partners, including trilaterally with Japan through the Luzon Economic Corridor,” Rubio said.
This is the first time that a member of the Trump administration has publicly committed to continue the Biden administration’s initiative to boost the economic hubs of Manila, Subic, Clark and Bataan under the socalled Luzon Economic Corridor.
Last month, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go confirmed that
18 senator-judges ‘return’ complaint vs Sara to HOR
dela Rosa called it, “constitutionally infirm.” Escudero agreed with the minority that the senators sitting in plenary cannot act on any motion pertaining to the case until they take their oath and the court is convened. ROY DOMINGO
BY a vote of 18 affirmative, five negative and zero abstentions, the Senate convened as an impeachment court voted late Tuesday to return to the House of Representatives the impeachment complaint against Vice President Sara Duterte, concluding over five hours of debate that began soon after they donned their robes and took their oaths as senator-judges.
The vote was made on a motion originated by Sen. Ronald dela Rosa, and amended by Alan Peter Cayetano, that the articles of impeachment be returned to the HOR “without dismissing nor terminating the case,” until such time that the House certify to the non- violation of Art. XI, Sec. 3, paragraph 5 of the Constitution, which provides that “no impeachment proceedings shall be initiated against the same official more than once within a period of one year,” including the circumstances on the filing of the first three impeachment complaints; and until such time that the HOR of the 20th Congress communicate to the Senate that it is willing and ready to pursue the impeachment complaint against the vice president.
However, Senate President Chiz Escudero issued summons to Duterte and set a non-extendible period of 20 days to reply, a
the US Trade and Development Agency has approved the US$3.8 million loan for the pre-feasibility study of the Subic-Clark-Manila-Batangas Rail. (See related story: https://businessmirror.com.ph/2025/05/05/ ustda-hikes-funding-for-railstudy/)
Aside from the railway, the LEC initiative also include other high-impact infrastructure projects such as port modernization, promote clean energy, semiconductor supply chains and deployments, agribusiness, and civilian port upgrades at Subic Bay.
LEC is viewed as way for Washington D.C. to compete with Beijing’s Belt and Road Initiative and other large-scale strategic investments.
Manalo said he and Rubio see the need for “stronger economic relations in building a more enduring Philippines-US alliance and promoting overall security.”
Rubio said he wants an increase in Philippine-US economic cooperation “to mutually benefit American and Philippine citizens.”
Aside from the LEC, both secretaries said they look forward to the positive conclusion of the high-level talks between
PHL commits to ratify ILO convention for fishers
By Samuel P. Medenilla
THE Philippines has committed to ratify the International Labor Organization (ILO) Work in Fishing Convention, 2007 (No. 188) and empower its local manning industries and fisherfolks to boost the sustainability of its fishing sector. These were the highlights of the 2025-2028 national action plan (NAP), which was approved by the Department of Migrant Workers’ (DMW) Project Advisory Committee last week.
move that Dela Rosa opposed.
Deputy Minority Leader Risa Hontiveros denounced the deception of a “brick by brick” dismantling of the impeachment trial process, after Dela Rosa insisted that Senate President Chiz Escudero refrain from issuing summons to Duterte, since “we no longer have” possession of the complaint, having returned it to the House. This shows, she said, that the intention was really to effectively dismiss the complaint.
Minority Leader Koko Pimentel, one of the five who voted no to the Dela Rosa-Cayetano motion, warned that the chamber was treading on “clearly constitutionally dangerous language” with the motion.
Earlier, senator-judges took their oath before Escudero as members of the Impeachment Court tasked to conduct the trial of Vice President Duterte. The oath-taking on Tuesday, June 10, followed floor debates on whether or not the Senate in plenary can act to dismiss the impeachment complaint against Duterte for being, as Sen. Ronald dela Rosa called it, “constitutionally infirm.” Escudero agreed with the minority that the senators sitting in plenary cannot act on any motion pertaining to the case until they take their oath and the court is convened. Butch Fernandez
Under the NAP, the country will reinforce its national legal and policy frameworks, such as advancing the ratification of ILO Work in Fishing Convention, 2007 (No. 188) and regulating recruitment practices. It will also strengthen its cooperation with members of the Association of Southeast Asian Nations (Asean) on labor inspection; provide technical assistance to manning agencies in developing their fair recruitment guidelines; and empower migrant workers and their communities by improving their access to legal aid, financial literacy, reintegration support, and collective bargaining.
In March, DMW Secretary Hans J. Cacdac said he will back the ratification of ILO Convention No. 188 to enhance the protection of Filipino fishermen on foreign-flagged ships since it sets the minimum requirements for their work on board, conditions of service, accommodation, food, occupational safety and health, medical care and social security. In a statement, DMW Assistant Secretary Jerome Pampolina said NAP is in line with the government’s effort to enhance the work conditions of Filipino sailors.
“This program is a timely and strategic initiative that aligns with our national priorities to protect and empower our sea-based workers,” Pampolina said.
For his part, ILO Country Office for the Philippines Director
gave assurances that the NAP was based on a comprehensive See “ILO,” A13
Khalid Hassan
See “HIV,” A2
See “Rubio,” A2
LONG AND WINDING ROAD Senator-judges take their oath before Senate President Francis “Chiz" Escudero as members of the Impeachment Court tasked to conduct the trial of Vice President Sara Duterte. The oath-taking on Tuesday, June 10, followed floor debates on whether or not the Senate in plenary can act to dismiss the impeachment complaint against Duterte for being, as Sen. Ronald
Editor: Jennifer A. Ng
SM Prime unit aims to open new hotels by 2029–exec
By VG Cabuag @villygc
SM Hotels and Convention Corp. (SMHCC), a unit of listed SM Prime Holdings Inc., on Tuesday said it is accelerating its expansion as it is targeting to complete seven new hotel projects by the end of 2029.
The move will increase its hotel count to 17 from the current 10 hotels and boost total room inventory to 3,923 from 2,602, or a 51-percent capacity growth.
The bulk of the new inventory of 969 rooms is slated for delivery by 2028, the company said.
“This rollout reflects our belief in the long-term potential of the Philippine domestic travel and tourism market,” SMHCC Executive Vice President Peggy Angeles said.
“We are building on the strength of regional tourism while delivering
quality accommodations that enhance the value of our ecosystem of malls, events spaces and mixed-use developments.”
The company said its 5-year growth plan will require a capital expenditure budget of P10 billion, which will be fully funded through internally generated cash flows.
Around six of the new hotels will carry the Park Inn by Radisson brand, while one will be developed under Radisson.
The expansion strengthens SM’s position in the midscale and highend segments while leveraging syn-
ergies with the SM Prime’s diverse property network.
Only one of the new SM hotels will be in Metro Manila. The two will be in Calabarzon, one in Central Luzon, two in Cebu and one in Laoag.
The locations were selected based on tourism potential and integration with existing SM Prime assets, the company said.
SM’s hotel portfolio currently includes luxury under Conrad Manila, Radisson Blu Hotel Cebu, leisure under Taal Vista and Pico Sands brand and business hotels under Park Inn by Radisson, Lanson Place Mall of Asia in Pasay.
“Our hotels serve as catalysts for local economic activity,” Angeles said. “We are focused on creating long-term value—through jobs, tourism flows and sustained growth that enhances SM Prime’s diversified revenue base.”
In April, SM Prime reported that its net income in the first quarter grew 11 percent to P11.9 billion from the previous year’s P10.7 billion, which it attributed to steady revenue growth, margin improvement and
Globe: Data now top revenue driver
By Lorenz S. Marasigan @lorenzmarasigan
GLOBE Telecom Inc. said on Tuesday it is seeing a shift in consumer behavior and revenue streams, with data now contributing 87 percent of its total service revenues.
Carl Cruz, Globe president and CEO, said this is “a clear turning point” that the company’s transformation from a legacy telco to a digital lifestyle partner is taking hold. The share of data revenue, up from 85 percent last year, underscores how deeply internet connectivity has become ingrained in the daily lives of Filipinos, Cruz said.
Whether for work, learning, financial transactions, or entertainment, customers are increasingly building their routines around digital services and Cruz said it is evolving to meet these needs.
“What we once called the future is now everyday life. Data is
no longer optional, it’s essential. And Globe is here to ensure every Filipino can move forward with confidence in a digital-first world.”
Mobile and corporate data services now comprise over 83 percent of the Ayala-led telco’s consolidated gross service revenues, as traditional revenue drivers such as voice and SMS continue to decline.
Cruz added that consumer habits have clearly shifted to favor app-based communication and streaming, with Filipinos preferring online platforms over scheduled programming or SMS.
As of early 2024, around 91.4 million Filipinos were active on Facebook Messenger, while nearly three-quarters of internet users watch online videos regularly.
A study by the Film Develop -
Reforms key to capital market
FRANCIS E. LIM , the new chairman of the Securities and Exchange Commission (SEC), on Tuesday said he wants to see more activity at the country’s equities market, which he described as “too small” compared with its regional peers.
Lim, who is also the former president of the Philippine Stock Exchange (PSE), said the agency may evaluate the feasibility of turning government-owned and -controlled corporations and government financial institutions into publicly listed entities.
“Just before I left the PSE in 2010, I have a draft law called the Capital Market Competitiveness Act, and that’s one thing that I intend to pursue,” he said.
“One of my favorite stories is, when I took the reins at the PSE, I think in 2004. In 2005 we hosted the staff of the Ho Chi Minh Stock Exchange for two or three weeks. We’re teaching them how to list, how to add disclosures and the ba -
‘New revenue streams to boost SMC growth’
CONGLOMERATESanMiguel
disciplined cost management.
Total revenue rose 7 percent to P32.8 billion from last year’s P30.7 billion due to higher rental income, revenue recognition from real estate sales and other revenues.
Shopping malls remained the largest contributor to overall profitability, accounting for 69 percent of earnings. The segment delivered P8.1 billion, up 13 percent from P7.2 billion a year earlier, because of increased foot traffic, high occupancy and growing interest in experiential offerings.
Residential earnings rose 4 percent to P2.1 billion from P2 billion, accounting for 18 percent of SM Prime’s net income for the quarter. The upturn was supported by higher revenue recognition from completed projects and prior-year sales.
The office and warehouse segment contributed 10 percent to total net income, with earnings rising 15 percent to P1.2 billion from P1 billion last year. Stronger occupancy and prudent cost management contributed to the improved performance.
ment Council of the Philippines and De La Salle University also revealed that 67 percent of Filipinos now consume movies via streaming platforms, compared to just 21 percent who still go to cinemas.
With this, the Globe executive encouraged subscribers using very high-speed digital subscriber lines (VDSL) to upgrade to GFiber at no extra cost.
The shift to fiber, he said, promises faster and more stable internet service for homes across the country.
On the enterprise front, Globe is seeing similar momentum, with more businesses investing in cybersecurity and cloud-based tools to keep pace with an increasingly connected economy.
“This isn’t just a business transformation, it’s a shift to how we serve,” Cruz added. “We’re no longer just providing connectivity. We’re helping people and businesses make the most of the digital world.”
growth–Lim
sics. Now they’re bigger than us.”
Lim said the SEC will also look at private enterprises that were given government incentives that should have listed part of their shares on the bourse.
“That’s not been fully implemented. The philosophy of the is that you are given incentives, you share the blessings to the public. Unfortunately, that has not been done.”
In his speech during the turnover ceremony, Lim noted the slow growth of the capital market and the need for initiatives to make it robust.
“Let’s also be honest: the Philippine capital market has been lagging behind. Inclusive growth demands deeper, broader, and more accessible capital markets.
We will leave no stone unturned to catch up—and with God’s help and our collective will, we will lead,” he said.
“This means working not only within the SEC, but with partners
such as the PSE, PDEx [Philippine Dealing and Exchange Corp.], nongovernmental organizations and the three branches of government to push for meaningful reforms.”
“Our first order of business is urgent and clear: resolve all pending applications quickly and responsibly. The law sets clear timeframes. While we recognize the complexity of our work, we must uphold the standards. If this means working nights, weekends, or holidays, then that is what public service demands,” he added.
He said the SEC will also pursue the reduction in business costs particularly for the micro, small and medium enterprises.
“Regulation must support, not suffocate. But let’s be clear: systems are only as good as the people who run them,” Lim said. “We will build a culture of respect, accountability, continuous learning, collaboration, excellence and shared responsibility.” VG Cabuag
Corp. (SMC) on Tuesday said it will continue to grow in the succeeding quarters as new revenue streams are expected to come online.
San Miguel Chairman and CEO Ramon S. Ang said additional revenues will come from its operation of the Ninoy Aquino International Airport.
Ang said during the company’s annual stockholders’ meeting that the 66-kilometer tollway from Sto. Tomas, Batangas to Lucena, Quezon will also be completed by next year and will provide a new source of revenues.
“We are starting a lot of new businesses while our existing businesses are very stable,” he said.
“We are also preparing to build South Luzon expressway toll road number five, which is a 420-kilometer tollway that will stretch from Lucena, Quezon all the way to Matnog, Sorsogon.”
The company’s focus, however, is to finish its $15-billion Bulacan airport project, which it views as “a game changer” as it will allow the Philippines to generate more revenues from tourism and reduce its dependence on overseas workers and the business process outsourcing industry.
Meanwhile, San Miguel will ex-
pand its existing tollways while its power generation business is adding new renewable energy sources, such as solar and hydropower.
“Most of our 1,000-megawatt (MW) battery storage are now energized, helping stabilize the grid while supporting the integration of renewables, solar and wind,” Ang said.
“We will build several hydro facilities, including a 2,000-mw pump hydro project in San Roque, Pangasinan to provide clean and reliable energy. We are also expanding our solar project to deliver clean power that help meet demand across many industries.”
Ang said Petron Corp. is also doing well, despite the volatility in international crude prices as its management has become adept at hedging supply to lock in favorable prices.
“Petron is investing in more service stations and fuel depots, while improving logistics for greater efficiency.”
San Miguel reported that its firstquarter earnings surged more than fourfold to P43.38 billion from the previous year’s P8.88 billion, mainly due to one-time gains from the partial sale of power assets and foreign exchange gains. VG Cabuag
Global Payments sets sights on SMEs
APAYMENTS technology company recently said it will introduce programs to help Philippine-based small and medium enterprises (SMEs) become “more competitive and efficient” in their operations.
In an e-mail interview with the BusinessMirror , Krishnaraj Tantri, senior vice president, South and Southeast Asia at Global Payments, said the company’s SME program is a dedicated initiative focused on supporting SMEs by offering competitive rates tailored to their needs.
“This program is designed to empower small businesses, helping them grow and thrive in a competitive marketplace by providing accessible, cost-effective payment solutions,” said Tantri.
He said Fast Settlement addresses one of the most pressing concerns for SMEs: reliable cash flow and financial stability. To support this need, Global Payment provides next-business-day settlement, ensuring rapid fund release.
“This allows businesses to maintain liquidity and gain timely access to working capital, which is essential for day-to-day operations and long-term sustainability,” Tantri.
To further enhance payment acceptance, Global Payments enabled QRPH and alternative payment methods (APMs). Tantri said these solutions allow merchants to accept small-ticket transactions through QR code-based payments, offering customers greater flexibility and convenience while expanding the merchant’s ability to capture sales from a broader base of digital-first consumers.
“We are also exploring SoftPOS technology to address the high costs associated with traditional payment terminals. By enabling merchants to use their mobile devices to accept digital payments—including Visa, Mastercard, BancNet, and QRPH—we offer a scalable, low-cost solution that broadens access to digital commerce,” he said.
He said Global Payments is collaborating with key banking partners to offer Beyond Banking Services under the Genius platform. This involves the distribution of POS systems and other value-added services that go beyond traditional banking, helping SMEs streamline operations, enhance customer experience, and ultimately grow their businesses.
As far as challenges are concerned, Tantri said many SMEs lack awareness of digital payment benefits. According to Global Data, 48.2 percent of the population remains unbanked, reducing access to formal payment tools. Moreover, Global Data noted that low terminal penetration (4.9 per 1,000 inhabitants) restricts card acceptance. With a mobile penetration rate exceeding 90 percent in recent years, Global Data and Port Calls said the Philippines is poised to become a leader in Southeast Asia for digital engagement.
With the rise of smartphone usage, mobile wallets like GCash, PayMaya are gaining widespread acceptance, highlighting the growing potential for SME to go cashless.
Global Payments said AI is going to be at the center of their future development roadmap. “In the future, AI will become increasingly integral to the payments and financial services sector.”
“AI is at the core of our future development as long as we adhere to ethical AI practices. It is essential to strike a balance between driving AI innovation and ensuring compliance with regulatory standards and privacy concerns,” Tantri added. Rizal Raoul S. Reyes
Banking&Finance
BTr raises ₧30B from sale of bonds
By Reine Juvierre Alberto @reine_alberto
THE government raised P30 billion from the issuance of 7-year Treasury bonds (T-bonds) on Tuesday, despite the higher asking yields of investors.
The Bureau of the Treasury’s (BTr) auction committee made a full award of the reissued T-bonds with a remaining term of 7 years and 3 months.
“With its decision, the committee raised the full program of P30 billion, bringing the total outstanding volume for the series to P425.6 billion,” the Treasury said after the auction. Rates of the 7-year government IOUs were allowed by the auction committee to go as low as 6.075
FBy Cai U. Ordinario @caiordinario
ILIPINOS indicated that they are “very concerned” about the increasing cost of groceries, utilities and medical care, according to the latest consumer survey of global information and insights firm TransUnion.
Based on TransUnion’s first quarter 2025 Consumer Pulse Study, among those Filipinos who said they were concerned about inflation, 81 percent indicated that expensive grocery costs are very concerning. This was unchanged from the last quarter of 2024.
The survey also found that Filipinos were worried about expensive utilities (65 percent) and higher medical care expenses (57 percent).
The concern on the cost of utilities declined by a percentage point compared to the last quarter of 2024 while the concern on medical care
percent to as high as 6.140 percent. It fetched an average rate of 6.124 percent.
This is higher than the benchmark secondary market rates and the previous yield for the same tenor auctioned a month ago.
The 7-year T-bonds average auction yield increased by 4.3 basis points from the 6.081 percent yield for government securities with the same tenor issued on May 6.
The yield was also higher by 5.2
increased by 3 percentage points from the period of October to December 2024.
Meanwhile, based on the latest data of the Philippine Statistics Authority (PSA), inflation had eased to below the national government’s inflation target of 2 percent to 4 percent. Inflation settled at 1.3 percent in May 2025, the slowest in 66 months. Prior to May, inflation was at 1.4 percent in April this year and 1.8 percent in March.
“Lower inflation is creating a more supportive environment for consumer credit growth. We expect to see stronger repayment capacity among existing borrowers and higher demand among new-to-credit consumers, particularly in the small-ticket and revolving credit segments,” said Peter Faulhaber, president and CEO of TransUnion Philippines.
As a result, TransUnion said 37 percent of surveyed Filipinos planned to increase their retail pur-
basis points than the Philippine Bloomberg Valuation (BVAL) Service Reference Rate for the 7-year tenor of 6.072 percent. Similarly, this was also up by 3.2 basis points from the BVAL rate for the security itself at 6.092 percent.
However, the av erage yield was low er than the origi nal coupon rate of 6.75 percent set on its original issue on September 15, 2022.
Tenders for the 7-year T-bonds reached P57.732 billion, 1.9 times oversubscribed the planned offering. The auction committee had to reject bids amounting to P27.732 billion.
cerns that the national government’s debt is at record highs.
According to Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp., investors may have demanded higher yields due to con-
chases such as clothing, electronics, and durable goods in the next three months.
The data also showed 29 percent of Filipinos surveyed expected to increase their discretionary spending such as those spent for dining out, travel, and entertainment.
Further, close to two-thirds or 65 percent of surveyed Filipinos said they have made buy now, pay later (BNPL) transactions such as credit card transactions and small-ticket installment loans.
However, TransUnion said Filipino’s BNPL use increased not only because of slower inflation but also because it was easy to avail of these services.
“Declining inflation is expected to improve households’ real incomes, historically associated with better credit repayment behavior,” it said.
“TransUnion predicts that lenders with strong risk management strategies may see marginal improvements
Time multiplier or time priorities?
WE are so preoccupied with time management as it seems that we always lack the time to do all that we need to accomplish. But I realized that even nowadays, even with automation and proliferation of new technologies, we still lack time. Why?
The reality is even if we manage our time properly, we can never add time to our day. We still have the same 24 hours, 1440 minutes and 86,400 seconds in a day. Even with proper prioritizing, we never add time, it only moves us to another item in our to-do list.
According to a New York Times bestselling author and Hall of Fame Speaker Rory Vaden, we should multiply our time which he defines as “..to invest time in activities today that will yield more time tomorrow.” If we focus on tasks that generate more time in the future, we effectively multiply our available time. For him, there is no such thing as time management, only self-management. As I analyze it, I was quite convinced that his theory is true. I am a fan of the author Stephen Covey who introduced us to the two-dimensional perspective of time—is it urgent or is it important or both? This is the basis for setting our priorities. However, this does not add available time. It only moves us to the next todo list instead of creating more time.
There is a paradigm shift in the theory of Rory Vaden which is three-dimensional in which he adds significance. It is not just a matter of what is urgent or
important today, but what can you do today to make tomorrow better. And he created a focus funnel—eliminate, automate, delegate and if we have to do it now, we should concentrate on it, otherwise procrastinate or place it in a holding pattern and goes through again the focus funnel, until we know what to do—to eliminate, automate or delegate?
For instance, I am one person who found it difficult to say no to invitations and other activities when I was younger. But time makes us wiser, and I learn that if I say yes to something, I am saying no to another activity or even rest periods where I could have spent otherwise my valuable time. That is learning to eliminate and making a not-to-do list is something new for me because just like anybody we are used to making a to-do list.
Using automation as another time multiplier can go a long way in creating more time in the future. The hindrance to automation is first of all, the amount to be invested in technology infrastructure and second, the time to train people. This may seem a huge investment in money and time but just like any investment, the return can be reaped later not only in terms of ROI (return on investment) but also in ROTI (re-
The national government’s outstanding debt reached P16.752 trillion as of end-April, up by 11.56 percent from P15.017 trillion in the same period last year.
Apart from this, global factors also pushed up the yield of 7-year T-bonds, such as the US Treasury yields rising to a 2-month high of 4.27 percent, on the back of US President Donald Trump’s tax plan which could lead to a wider budget deficit and debt.
Another factor, Ricafort said, is the reduced odds of the US Federal Reserve cutting rates after some progress on US-China trade tensions.
“The better-than-expected US non-farm jobs created recently, as well as global crude oil prices cor-
in early-stage delinquency ratios over the next two quarters,” it added.
Amid the increase in credit, TransUnion data also showed more consumers were targeted with fraud. In the Philippines, phishing was the most common mode.
The data showed 57 percent of Filipinos were targeted for fraud but did not fall victim to the scheme.
This was 2 percentage points higher than the figure recorded in the last quarter of 2024.
TransUnion also said 32 percent, meanwhile, were not targeted for fraud. This was 3 percentage points lower than the data in the fourth quarter of 2024.
Its data indicated that 11 percent of Filipinos surveyed said those targeted fell victim to fraud. This represented a 1-percentage point increase compared to the fourth quarter of 2024.
TransUnion’s Consumer Pulse Survey of 11,457 consumers was
turn on time invested), the latter is the term used by Rory Vaden. For instance, gone are the days when we prepared audit working papers in hard copies or using excel or spreadsheet to prepare working papers for review. Now we have automated ways of reviewing in real time using technology tools where collaboration and responses are also done in real time. It may require more investment in money and time, but the returns can be a hundredfold or even thousandfold. Some automation requires a little more in time and money while others really require huge investments and may depend on one’s capacity. On delegation, I know some people who would rather work on the tasks themselves rather than delegate. Their reason is that they know the tasks better and work would be more efficient and faster if they do it themselves. Moreover, they do not have time to teach or orient other people to do it. However, if they spare some time to teach others their tasks and later delegate, they will have more time tomorrow or in the future to do those things which they need to do that will create a better tomorrow.
As Henry David Thoreau, my favorite philosopher since high school, says “The true price of anything you do is the amount of time you exchange for it.” Wilma
recting to a new two-month high, also put upward pressure on T-bond yields,” he added.
The Treasury will raise a total of P130 billion by issuing T-bonds every Tuesday with tenors ranging from five years up to 25 years this month. It will also offer 91-, 82- and 364day Treasury bills every Monday to generate a total of P100 billion.
The gross borrowings of the government reached P1.135 trillion as of end-April, which already accounted for 44.59 percent of its borrowing program for the year set at P2.545 trillion. To reduce the country’s exposure to foreign exchange risks, an 80:20 borrowing mix will be followed. About P2.037 trillion will be raised domestically while P507.408 billion will come from external sources. The government borrows for its spending requirements and to plug the budget deficit, which widened by 75.62 percent to P478.8 billion in the first quarter.
done from February 6 to 28 in partnership with third-party research provider, Dynata.
Adults 18 years of age and older residing in Brazil, Canada, Chile, Colombia, the Dominican Republic, Guatemala, Hong Kong, the Philippines, South Africa, and the United Kingdom and the United States were surveyed using an online research panel method across a combination of desktop, mobile and tablet devices. Survey questions were administered in English, Chinese (Hong Kong), French (Canada), Portuguese (Brazil) and Spanish (Chile, Colombia, the Dominican Republic, and Guatemala).
The survey included quotas to balance responses to the census statistics dimensions of age, gender, household income and region. Generations are defined in this research as follows: Gen Z, 18–28 years old; Millennials, 29-44; Gen X, 45-60; and Baby Boomers, age 61 and above.
THE Philippine Deposit Insurance Corp. (PDIC) will sell 42 closed bank properties in various provinces in Luzon and Visayas through electronic public bidding next month.
T he 42 properties include agricultural, residential, and mixed residential/agricultural lots are in Metro Manila, Aklan, Batangas, Cebu, Camarines Sur, Eastern Samar, Isabela, Laguna, Leyte, Masbate, Pangasinan, and Quezon. PDIC said electronic bids will be accepted through the PDIC e-bidding portal starting July 9 at 9 a.m. until July 10 at 1 p.m. The bids will be opened on July 10 at 2 p.m.
“Proceeds from the sale of closed bank-owned properties go directly to a fund that the Corporation manages for these closed banks to settle creditors’ claims,” it said.
To be sold on an as-is-whereis basis are 11 vacant agricultural lots and vacant residential lots; 10 residential lots with improvements; and three agricultural lots with improvements.
Also included are two commercial lots with improvements, mixed residential/agricultural lots with improvements, vacant mixed residential/agricultural lots. The last property is a residential condominium.
PDIC said the size of the properties up for sale range from 39.41 square meters to 127,846 square meters.
“Interested buyers are encouraged to visit the catalog of properties in the e-bidding portal, where the complete list and description of the properties, requirements, e-bidding process, and Conditions of the Bid are posted,” it said.
“Prospective bidders are enjoined
to conduct their due diligence on the properties by reviewing and understanding the terms and conditions outlined by the PDIC,” it added. PDIC reminded prospective buyers of their responsibility to determine the actual condition, status, ownership, and other circumstances of the properties they wish to acquire.
Winning bidders of agricultural properties are required to submit, within 15 days after the e-bidding, a certification issued by the Provincial Agrarian Reform Officer of the Department of Agrarian Reform. This should state where the property is located and that the agricultural lot subject of the bid is not covered by the Comprehensive Agrarian Reform Program (CARP) and that no Emancipation Patent or Certificate of Land Ownership Awards has been issued for the said property.
Winning bidders are also required to submit an Affidavit of Aggregate Landholdings within the same period, which states that the person’s collective landholdings, including the property to be acquired during the bidding, do not exceed the 5-hectare limit set by law. Prospective parties can join the e-bidding through a onetime registration on the PDIC portal. Once registered, buyers may submit their bids online and observe the ebidding proceedings by clicking the “Assets for Sale” icon on the PDIC website’s homepage. As the statutory receiver of closed banks, the PDIC liquidates the remaining assets of closed banks to maximize recovery and help pay claims of closed bank creditors, including depositors with uninsured deposits. Cai U. Ordinario
Wilma Inventor-Miranda
Creating healthy tech habits
TECHNOLOGY is an incredible part of modern life. It helps us stay connected with loved ones, makes work and learning more accessible, and offers entertainment at the touch of a button. It would be difficult to imagine daily life without smartphones, tablets, or the internet. However, with all of its benefits, technology also comes with its own set of challenges especially when it begins to affect our mental and emotional wellbeing.
Too much screen time, a constant stream of notifications, and the pressure to be available online at all times can lead to stress, anxiety and burnout. Fortunately, protecting your mental health in the digital age does not mean giving up your devices entirely. Instead, it means building habits that help you use technology in a way that supports your health and happiness. The goal is not to disconnect from technology but to reconnect with yourself.
A good place to start is by setting clear and realistic boundaries around technology use. Try creating “tech-free” zones or time periods throughout your day. For example, consider making your bedroom a screen-free space to improve your sleep. Avoid using your phone in bed, and try not to scroll through social media right before going to sleep or immediately upon waking up. Many people find it helpful to use a traditional alarm clock rather than relying on their phones. This simple change can reduce the temptation to check notifications late at night or first thing in the morning.
Mealtimes are another opportunity to unplug. Keeping phones and tablets off the table during breakfast, lunch, or dinner can make room for more meaningful conversations and reduce the sense of urgency that digital distractions create. When you intentionally remove screens from these moments, you allow yourself to be more present and engaged. Being more intentional with your screen time is another important habit to develop. Most of us have experienced picking up our phone to check one thing and suddenly realizing that 45 minutes have passed. To break this pattern, ask yourself a simple question before using your device: “What am I here to do?” If you are checking the weather, reading a message, or
By Eugenia Last
looking something up, do only that and then put your phone away. If you choose to scroll through social media or watch a video, set a time limit beforehand so that you do not lose track of time.
Modern smartphones offer tools to support these efforts. Tools like Screen Time or Digital Wellbeing allow you to monitor how much time you spend on different apps. You can also set daily limits or schedule screen-free hours. These tools are not about restriction but about awareness. When you understand how you are using your time, it becomes easier to make intentional choices that align with your priorities. Managing notifications is another way toward digital balance. Notifications are designed to demand your attention, but when they arrive every few minutes, they can create a sense of urgency that disrupts your focus and adds to your stress. Begin by turning off non-essential alerts. Ask yourself whether you really need a notification every time someone likes a photo or an app sends a promotion. Most people find that they feel more in control and less anxious when they reduce the number of interruptions throughout the day.
You can take it even further by using features such as “Do Not Disturb” or “Focus Mode” during certain times, such as when you are working, spending time
Nestlé Professional trains future chefs
THE Young Culinary Talents (YOCUTA) Program is designed to hone up-and-coming chefs by providing them with a wealth of theoretical knowledge and practical skills in the kitchen. This Nestlé Professional project acts as a training ground which will assist the youth to build a career in the food service industry.
This global initiative introduced back in 2015 addresses the shortage of skilled culinary workers across the world.
The De La Salle-College of Saint Benilde (DLS-CSB) junior Culinary Arts students were mentored by gastronomy experts such as Nestlé Professional Philippines corporate chef Regina Acorda-Mendoza and bestselling cookbook author and restaurateur Myke “Tatung” Sarthou.
The four-day event featured lectures on
with loved ones, or trying to relax. When your phone is not constantly buzzing, you may find it easier to concentrate and more satisfying to engage in the moment.
In addition to reducing distractions, it is important to take regular breaks from screens. Between smartphones, computers, and televisions, many people spend the majority of their day looking at digital devices. Even short breaks can give your brain a chance to recharge. One simple technique is the 2020-20 rule: every 20 minutes, look at something 20 feet away for at least 20 seconds. This can help reduce eye strain and give your mind a moment to rest. Other than breaks, consider scheduling regular digital detox moments. These do not need to be dramatic. A 30-minute walk without your phone, reading a physical book, working in the garden, or doing a hands-on hobby can be refreshing. Activities that do not involve screens allow you to engage your senses and be fully present. Over time, these moments of disconnection can help you feel more grounded and less overwhelmed.
It is also worth remembering that technology can support your mental health when used intentionally. Apps such as Calm or Headspace can guide you
product development, menu creation, food costing, marketing, and even the life of a chef.
Leading the cooking demo was Chef Regina, who began her career at Nestlé as a retail chef assigned to manage test kitchens. She shared her culinary prowess to brands, namely, Maggi, Nestlé All Purpose Cream, Nescafé, Milo, and Bear Brand. She was likewise part of the team which launched Maggi Magic Sarap in 2005.
Chef Tatung, who has ventured in several food businesses such as Lore, Pandan Asian Café, Tindeli, Azadore, and Tatung’s Private Dining, motivated the audience during his talk. The TV and social media personality is famed for his digital cooking show Simpol and was tapped as the resource speaker for the Cebu episode of Netflix show Street
Food: Asia.
The series of hands-on sessions covered a number of topics: the latest food trends, sustainability practices in food production, nutrition, health and wellness, personal branding, and career opportunities in the culinary field.
Benilde Culinary Arts Management faculty members likewise joined the event as group mentors who guided the aspiring chefs in planning for the competition, the menu and recipe development, and kitchen testing.
“Our students gained exposure with Nestlé Philippines and had the opportunity to use the company’s products during the workshop and competition,” Benilde Culinary Arts Management Program chairman chef Margarita Isabel Marty noted.
VIRGO (Aug. 23-Sept. 22): Keep it to
Meddling or interfering will be menacing
if done with good intentions. You’ll gain ground if you play the role of a sounding board—reflecting and directing without trying to control. Your best results will come from self-improvement projects that include health, fitness, diet and a makeover. ★★
LIBRA (Sept. 23-Oct. 22): Show respect, and you’ll gain respect. Using charm and persuasive tactics can do wonders initially, but you’ll need a backup plan if you want to go the distance. No lazy Libra tactics will suffice; deliver the goods and enjoy the outcome. ★★★★
SCORPIO (Oct. 23-Nov. 21): Set your sights on a financial goal and put a solid plan together to help you arrive at your destination and collect your reward. Leave nothing to chance or in someone else’s hands. Research, develop and finish what you start; everything else will fall into place. ★★★
SAGITTARIUS (Nov. 22-Dec. 21): Keep emotions under control and your mind on what you want to achieve. Expect distractions and false information to surface, and be ready to dissect and formulate a presentation that is honest, direct and easy to follow. ★★★
CAPRICORN (Dec. 22-Jan. 19): Distance yourself from negativity and people who cause chaos. You have plenty to gain if you march forward with a positive attitude, plan and willingness to compromise. Opportunity knocks; it’s up to you to open the door and let it in. Investing time in lifestyle changes will elevate awareness and decrease stress. ★★★
AQUARIUS (Jan. 20-Feb. 18): Take on a challenge and show everyone your capabilities. Direct your enthusiasm into making a dazzling presentation that will spark imagination and create a stir. Your input can lead to a new idea and position you for future opportunities. Be the one to lead the way; a positive change will enrich your life.
PISCES (Feb. 19-March 20): Pay more attention to domestic issues. Discipline will be necessary to divert negativity and opposition. Listen to complaints, show compassion, and offer solutions that show you have faith in finding a way to move forward. Home improvements, lowering overhead and compromise will give you hope for a brighter future. ★★
BIRTHDAY BABY: You are sensitive, outspoken and pioneering. You are resilient and charismatic.
www.businessmirror.com.ph
Where’s Marty McFly’s guitar? Search is on for ‘Back to the Future’ prop 4 decades later
NASHVILLE, Tennessee—Marty McFly grabbed
a guitar in Back to the Future and rocked out with the band at a 1950s high school dance, helping him narrowly avoid blinking out of existence before timetraveling back to the 1980s.
The guitar, in real life, wasn’t as lucky. Filmmakers went looking for the instrument while making the movie’s 1989 sequel, but even now it’s nowhere to be found. Four decades after the blockbuster film debuted, the guitar’s creator has launched a search for the iconic Cherry Red Gibson ES-345.
Gibson, which is based in Nashville, is asking the public for help tracking it down as the movie turns 40 and as the company produces a new documentary about the search and the film, Lost to the Future
In a video by Gibson, with the movie’s theme song playing in the background, Back to the Future stars such as Michael J. Fox, Christopher Lloyd, Lea Thompson and Harry Waters Jr. make a cinematic plea. There’s also a surprise appearance by Huey Lewis, whose band Huey Lewis and the News performed the soundtrack’s headliner song, “The Power of Love.” Lloyd, in the cadence of Doc Brown, says in the video that the guitar has been “lost to the future.” “It’s somewhere lost in the space-time continuum,” says Fox, who played McFly. “Or it’s in some Teamster’s garage.”
In the film, McFly steps in for an injured band member at the 1955 school dance with the theme “Enchantment under the Sea,” playing the guitar as students slow dance to “Earth Angel.” He then leads Marvin Barry and the Starlighters in a rendition of “Johnny B. Goode,” calling it an oldie where he comes was from even though the 1958 song doesn’t exist yet for his audience.
Fox said he wanted McFly to riff through his favorite guitarists’ signature styles—Jimi Hendrix behind the head, Pete Townshend’s windmill and the Eddie Van Halen hammer. After digging and dancing to “Johnny B. Goode,” the students at the dance fall into an awkward silence as McFly’s riffs turn increasingly wild.
“I guess you guys aren’t ready for that yet,” McFly says. “But your kids are gonna love it.” AP
through meditation, relaxation, and breathing exercises. Music and podcast apps can offer comfort, education, or inspiration throughout your day. The key is to choose tools that truly add value to your life. If an app consistently leaves you feeling anxious, frustrated, or inadequate, it may be worth reconsidering whether it belongs in your daily routine.
At its core, building healthy tech habits is not about perfection. It is about becoming more mindful of how you engage with technology and making choices that serve your overall well-being. You do not need to delete every app or dramatically reduce your screen time overnight. Pick one habit and build from there. Healthy technology use is like any healthy relationship which is based on balance, respect, and clear boundaries. When you take steps to use technology with intention, you create more room for real connection, deeper rest, and greater peace of mind. Over time, you may find that you feel more focused, less stressed, and more in control—not only of your digital life, but of your life as a whole. n
Pinoys triumph at 78th Tony Awards
By Troi Santos
NEW YORK—At Sunday’s 78th Tony Awards, three Filipino artists—Nicole Scherzinger, Darren Criss, and Marco Paguia—were among the evening’s most distinguished honorees, marking a significant milestone for Broadway and for Filipino representation on the American stage.
Scherzinger, who achieved global fame as the lead vocalist of the Pussycat Dolls, was named Best Actress in a Musical for her portrayal of Norma Desmond in Sunset Boulevard. The production, directed by Jamie Lloyd, offered a stripped-down, psychologically raw reimagining of Andrew Lloyd Webber’s musical. During her acceptance, Scherzinger became visibly emotional as she acknowledged the long arc of her artistic journey, recalling feelings of exclusion in her early years and expressing a sense of arrival and belonging within the Broadway community. Her performance was noted for its vocal precision and emotional gravity, with critics highlighting the subtlety and control she brought to a role long defined by theatrical excess. This recognition came on the heels of her Olivier Award win for the same role earlier this year in London. Darren Criss later earned Best Actor in a Musical for his role in Maybe Happy Ending, a quietly lyrical story about two outdated helper robots finding
lives. His award marked a historic first, making him the first Asian-American actor to win in the category. Criss, who gained mainstream attention through his work on the TV series Glee, reflected on the personal demands of the role. He credited his wife for managing their household and caring for their young children during his intensive performance schedule. He also noted that the production had been a deeply fulfilling creative endeavor, balancing emotional storytelling with musical complexity. Criss, who also served as a producer on the musical, has maintained a steady presence on Broadway in past roles, but this particular performance has been widely considered the most significant of his theater career to date.
Marco Paguia rounded out the evening’s Filipino triumphs, receiving the Tony for Best Orchestrations for his work on Buena Vista Social Club. His arrangements, rooted in traditional Cuban rhythms and layered with theatrical nuance, were central to the production’s identity. He was also recognized with a special Tony for the musical’s onstage band, an acknowledgment rarely granted to musicians in a Broadway context. Reflecting on the production, Paguia described the past six weeks as an intensely collaborative and creatively daring period. He spoke of the unique challenge of integrating Spanishlanguage music with an English-language script, and how the emotional resonance of the songs bridged any linguistic divide for audiences.
AS media giant GMA Network marks its 75th anniversary, it is going all-out to bring the Filipino audience a powerful line-up of world-class new shows that are proudly Pinoy. With a legacy built on being “Isa sa Puso ng Pilipino,” GMA is showing its gratitude through a star-studded roster of exciting programs that are sure to entertain, inspire, and connect with viewers across all platforms beginning this June. Step back into the enchanting and mystical world of Encantadia with Encantadia Chronicles: Sang’gre. A new chapter unfolds featuring fresh characters, led by Rhian Ramos with Faith da Silva, Angel Guardian, Kelvin Miranda, and Bianca Umali. Real-life couple Dennis Trillo and Jennylyn Mercado kick things into high gear with GMA’s newest primetime action series, Sanggang Dikit FR My Father’s Wife fires up the network’s afternoon drama program offerings. Starring Gabby Concepcion, Jak Roberto, Kazel Kinouchi and Kylie Padilla, the series is set to test the limits of love, loyalty, and family ties. Also heating up the afternoon block is Akusada starring Andrea Torres, Benjamin Alves, Lianne Valentin, Marco Masa and Ashley Sarmiento. The series explores the story of a woman who adopts a new identity for a chance to keep her family together—until her past is revealed.
eanwhile, soon to premiere is Beauty Empire, a revengefueled drama set in the cutthroat world of the beauty industry. It stars Barbie Forteza, Kyline Alcantara, and Ruffa Gutierrez, and co-produced by GMA Public Affairs, streaming service VIU, and CreaZion Studios. The Clash 2025 returns—with a twist. Higher stakes and tougher challenges come into play in the latest season of everyone’s favorite musical arena. Set to return as well are The Clash Masters Julie Anne San Jose and Rayver Cruz, and The Clash Panel with Aiai de las Alas, Christian Bautista, and Lani Misalucha. The dance floor gets all fired up in GMA Network’s brand-new and biggest Filipino reality dance competition, Stars on the Floor. Hosted by Alden Richards with Marian Rivera, Pokwang, Coach Jay Joseph, Stars on the Floor promises high-energy weekly dance showdowns with a mix of celebrities and social media stars, plus exciting twists and turns. K-drama fans, on the other hand, can look forward to The Lovely Runner, a series that explores the demands of the entertainment industry and the miraculous twists of fate. Also to thrill audiences soon is Hidden Love. The popular Chinese drama is sure to keep audiences enthralled with its endearing characters and a captivating storyline. More information can be found at www.gmanetwork.com.
craftsmanship but also pushed the boundaries of theatrical storytelling. For Paguia, the award represented a meaningful recognition of the band’s role in carrying the soul of the show.
With a résumé that includes Peter and the Starcatcher, Gutenberg! The Musical!, and Girl from the North Country, along with performances at Carnegie Hall and Lincoln Center, Paguia has long been a respected figure in the industry. His Tony win affirmed a career shaped by quiet mastery and a deep commitment to musical storytelling.
In a season characterized by an expanded embrace of diverse voices and narratives, the recognition of Scherzinger, Criss and Paguia reflected the changing dynamics of American theater. Their presence and success on Broadway’s biggest night highlights the growing visibility of Filipino artists and reinforced their rightful place in the ongoing conversation about artistic excellence on the American stage. n
DATING AGAIN
THE sexy actress and her hunk boyfriend have reportedly broken up and while there are rumors that she is now dating a male starlet, there is another side story. The couple reportedly broke up after the hunk caught the actress in a “situationship” with a politician. The politician was said to be the actress’ benefactor while in a relationship with the hunk. Now, she is reportedly dating a starlet who also split from his longtime girlfriend. No, the sexy actress was not the cause of the breakup. The girlfriend caught the male starlet paying for sex.
MANIPULATIVE
THE female starlet seems like a sweet girl so it’s a wonder why so many people dislike her. They said that while the starlet seems sweet, she is actually pushy and manipulative. Her actor boyfriend has asked favors from so many people because of her. She always wants something, whether it is a concert ticket or access to an event. The starlet and her boyfriend seem to be under the impression that everything should be free because they are celebrities.
UNDER FIRE
TWO local officials are under fire for owning houses that are scandalously huge. Official 1’s house is already completed and netizens are noticing that he and his family, especially his wife, are leading extravagant lifestyles. The source of their wealth is unknown. Official 2 is building a new house and while the source of the funds isn’t suspicious, people say it’s not ethical for a public official to display his wealth.
AGE ISSUES
THE actor has found true love after a failed marriage but he has been very secretive about everything. He has not even revealed the identity of his new love. The reason is not because he cheated on his ex-wife with the new girlfriend. Sources said the new girlfriend is allegedly not even 21 years old and if you do the math, you’d realize they most probably got together when she was a minor. A lot of people have already guessed the identity of the girl after several false guesses (which were denied by people concerned). So, yes, the actor’s ex-wife was right to dump him.
MICHAEL J. FOX as Marty McFly in Back to the Future.
Home Credit, Puregold bring Financial Access to More Pinoys
Home Credit Philippines, in partnership with Puregold, has expanded the availability of the Home Credit Card to select Puregold stores nationwide. This move makes credit more accessible for everyday Filipinos while reinforcing both companies’ commitment to empowering communities through practical, inclusive financial services.
The Home Credit Card is a smart, accessible financial tool designed to help Filipinos manage expenses and build credit responsibly. Ideal for first-time cardholders, it offers a P20,000 credit limit and a 45-dayinterest-free grace period. The membership fee is waived for the first three months—and cardholders can continue to have it waived when they spend at least P15,000 per month thereafter. Cardholders enjoy up to P500 rebates in the first month, unlimited three percent discount on load purchases, and zero fees when paying bills via the app. With secure, cashless payments anytime, anywhere via QR Ph, the Home Credit Card—now available at select Puregold stores—empowers everyday Filipinos, especially sari-sari store and karinderia owners, to take confident steps toward a stronger financial future.
The rollout was spotlighted at the Tindahan ni Aling Puring (TNAP) Convention 2025, held May 15 to 17, 2025 at the World Trade Center, Pasay. With this year’s theme, “Puregold Piliin si Aling Puring! Kayang-kaya Umasenso!”, the event gathered over 50,000 MSME attendees, reinforcing Home Credit’s mission to empower Filipinos—especially micro-entrepreneurs and small business owners—with accessible, practical financial tools that help them grow and succeed.
“Together with Puregold, we’re making it easier for Filipinos to access credit that fits their needs,” said Zdenek Jankovsky, Chief Business Development Officer at Home Credit Philippines. “This partnership is more than about convenience—it’s about empowering people to take control of their finances and live better lives.”
This initiative underscores Home Credit’s evolution from a financing provider to a comprehensive financial partner. By teaming up with Puregold, the brand extends its reach and impact, helping more
Filipinos build financial capability and achieve everyday goals.
To know more about the latest updates from Home Credit Philippines, visit its official website, www.homecredit.ph. You may also download the Home Credit App or follow its official Facebook, Instagram, and TikTok accounts.
Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).
ArenaPlus, PVL introduce the first-ever PVL Press Corps Awards
It is an award
that recognizes the top-level women’s volleyball league and its men’s counterpart, Spiker’s Turf. During the culmination, Ricky Palou, president of the Premier Volleyball League, highlighted that the spotlight is focused not only on the awardees but also on all athletes and those working behind the scenes, whose resilience and hard work made PVL what it is today.
GLOBE IS MOST RECOMMENDED TELCO BRAND. Globe was recognized as the 2025
Brand in the
at the
MAFBEX Fueled by Purposeful Growth Beyond the Trade Floor
FOR nearly 30 years, Worldbex Services International
(WSI) has been a driving force in the industry, providing platforms that empower various sectors to gain visibility and showcase their companies both locally and internationally through world-class business-to-business expositions.
With a diverse portfolio spanning multiple industries and hosting sixteen events, WSI continues to lead the way in mounting high-impact trade shows. Among its most prominent events is the Manila Foods and Beverages Exposition (MAFBEX), now celebrating its 19th year.
In line with its growing success, MAFBEX has extended its reach through a regional caravan in MAFBEX Iloilo, Cebu, and Davao which was rebranded to strengthen regional presence while retaining its recognizable tagline, “EAT’S HERE.”
As the event prepares for its 20th year, MAFBEX is ready to reach another milestone, further solidifying its reputation as the leading and premier food and beverage trade show in the country.
WSI remains deeply committed to its social responsibility initiatives. A testament to this is MAFBEX’s enduring partnership with the ABS-CBN Foundation, a collaboration that underscores the expo’s dedication to creating meaningful impact beyond business. Through this collaboration, the expo supports the foundation’s various programs.
“Tonight wasn’t just about a night to celebrate greatness—it was about honoring the journey. From an empty arena in Bacarra, Ilocos Norte, when PVL debuted as a professional league under a bubble format amid the covid-19 pandemic, to reaching greater heights with record-breaking gate attendance and intense, dramatic, and heart-stopping games. We celebrate it all.”
“Tonight, we shine the spotlight on those who stood tallest, leapt highest, and dug deepest. In truth, each of you—every player, coach, staff member, and team— emerged victorious.” Moreover, ArenaPlus, as a major sponsor, was recognized by the PVL Press Corps with a special citation award for their support not only on this special occasion but also through the partnership they shared in recent years. Before ArenaPlus became the country’s most trusted name in sports betting, it began as a concept on a piece of paper. A concept that, despite the risks, believed in its journey. PVL, in relation, also started as a dream to create a platform where talented athletes can showcase their wits and skills. In a statement, Lance Agcaoili, president of PVL Press Corps, he remembered how PVL took the first step in an empty arena in Bacarra, Ilocos Norte.
While ArenaPlus is a digital platform where Filipinos can enjoy and have fun, it is also an advocate of sports. ArenaPlus believes that sports is a bridge that connects everyone towards a common goal. It is a gateway for different opportunities that can be achieved hand in hand. Through this partnership, ArenaPlus hoped to become an inspiration to the sports community that coming together can make dreams come true. To learn more, follow ArenaPlus on social media @ arenaplusph or visit https://bit.ly/arenaplusALLSTAR.
MAFBEX milestone was made possible by the show’s ability to deliver exceptional value to its exhibitors through quality initiatives such as Business Matching. This platform opens doors to new growth opportunities for local and international companies through strategic partnerships and expanded professional networks worldwide.
This initiative opens up numerous opportunities for securing business deals and introducing our local markets to international trade and potential imports. It positions MAFBEX as a vital gateway for international companies seeking access to the Philippine market, while also helping elevate local industries to become globally competitive.
MAFBEX continues to expand its exhibitor lineup each year, attracting both local and international participants. The show has welcomed companies from Poland, South Korea, Taiwan, Belarus, Indonesia, Thailand, India, Japan, Vietnam, and Malaysia, further solidifying its reputation as a globally recognized platform in the food and beverage industry.
Inasal wins Fast Food Chain of the Year at 6th VP Choice Awards
Sherwin Hinlo, Head of Operations for Resource Mobilization and Donor Management for AFI, stated that “This support has greatly contributed to the implementation of our advocacies. On behalf of the ABS-CBN Foundation, we are very grateful for the generosity that Worldbex has been giving the Foundation throughout the years.” By aligning with a trusted institution, MAFBEX strengthens its role as a socially responsible event that uplifts lives while promoting industry growth. A key highlight of MAFBEX’s commitment to social responsibility is its partnership with KAWA Pilipinas, a movement dedicated to addressing hunger through sustainable feeding programs. By collaborating with MAFBEX, KAWA Pilipinas is able to raise awareness, engage with industry stakeholders, and expand its reach. This partnership reflects a shared mission to celebrate Filipino culinary culture while making a meaningful impact on the lives of underserved communities.
These partnerships initiated by the organization aim to contribute meaningfully to Filipino communities, not only by introducing the show but also by ensuring that these exclusive collaborations create a visible impact. Through shared experiences and opportunities presented during the exposition, communities can benefit and engage in more meaningful ways.
The Manila Foods and Beverages Exposition (MAFBEX)
Awardees of the PVL Press Corps Awards
Editor: Tet Andolong
Filipino Homes expands to Middle East market
By Lorenz S. Marasigan @lorenzmarasigan
FILIPINO Homes, the country’s largest real estate platform, is expanding its reach to the Middle East following the licensing of its founder and CEO Anthony Gerard Leuterio as a property broker in Dubai.
This milestone formally marks the entry of Filipino Homes into the United Arab Emirates’ fast-growing real estate sector through its international arm, FHI Global Properties, which can now legally operate and engage in property transactions in Dubai.
“This is a milestone for Filipino Homes,” said Leuterio.
“Now that I am a licensed broker in Dubai, we are opening up legitimate, professional oppor -
tunities for cross-selling. Brokers in the Philippines can now market and sell Dubai properties in partnership with us.”
He said this is a major step toward linking real estate professionals across borders. Brokers based in Dubai may now directly partner with Filipino Homes to co-manage listings, enabling a two-way flow of investment between the Philippines and the UAE. Leuterio pointed to the
growing interest among foreign buyers, including Filipinos, in Dubai’s real estate market—particularly due to inves -
tor-friendly programs such as the UAE’s Golden Visa.
“A lot of foreigners and Filipinos want to invest in Dubai
IRs are growth catalysts; Hann PHL continues rapid expansion in Central Luzon
By Rizal Raoul S. Reyes @brownindio
NO less than President Ferdinand R. Marcos Jr. emphasized the important role of integrated resorts (IR) in boosting the tourism, entertainment, real estate, and leisure sectors of the economy. Aside from boosting the country’s profile in the global stage, IRs provide growth to the country’s gross domestic product, employment across various sectors, boost trade and investment, and enable the local property sector to develop resilience.
Moreover, the country’s billionaires have been building their respective IR projects. For instance, Travellers International Hotel Group Inc., the leisure and tourism arm of Andrew Tan’s Alliance Global Group Inc., aims to invest about $400 million to develop a new integrated resort in Cebu. Meanwhile, the Villar Group led by billionaire Manuel Villar plans to invest about $1 billion for the expansion of the integrated resort project in Villar City. The project, known as Gold Coast Entertainment City, is being developed by Vertex Entertainment and Resorts Corp., a subsidiary of the Villar Group, in collaboration with foreign partners. Further, several major Philippine companies are aggressively engaged in developing integrated resorts, often in partnership with international gaming and hospitality groups. These include Enrique Razon, Jr-led Bloomberry Resorts Corporation, PH Resorts
Group Holdings Inc., GlobalEstate Resorts Inc. (GERI), and Hann Philippines Inc.
A growth catalyst in Clark THERE is no doubt that Hann Philippines Inc. has established a significant presence in Clark, Pampanga. They developed Hann Casino Resort and are developing Hann Reserve, which includes luxury hotels, golf courses, and a casino, aiming for a high-end integrated lifestyle resort experience. Hann Resorts, owned and operated by South Korean-led investment firm Hann Philippines Inc., has two flagship projects at present: its maiden development Hann Casino Resort and the upcoming Hann Reserve.
A trailblazer in Central Luzon HANN Casino Resort has the distinction of pioneering the de -
velopment of the first and only luxury IR in the emerging growth region of Central Luzon. In 2006, South Korean businessman Dae Sik Han made a bold move by establishing its predecessor, Widus Hotel and Casino, based on keen foresight on the immense potential of Clark Freeport Zone. Han’s bullishness complements the continuing optimism in the growth of Central Luzon.
In a recent briefing on the Central Luzon real estate market by Colliers International Philippines, the company’s research director Joey Roi Bondoc cited the region as among those with robust GDP growth, contributing around 11 percent to the country’s overall GDP.
He also pointed out that Central Luzon is also among the top deployers of overseas Filipino workers (OFW) globally, second to Calabarzon at 15 percent—signifying a consumer market that is dynamic and highly attractive to manufacturers, developers and investors.
Hann Resorts has embarked on an expansion of Hann Casino Resort, maximizing its total area of 11 hectares, to capture the ever-growing market of IR enthusiasts. To meet the growing demand of shoppers and tourists, Hann Casino Resort has recently opened the ritzy 8th Avenue Lifestyle Mall, alongside the region’s first upscale speakeasy, Taboo Bar. By the end of the year, Hann Casino Resort will begin to introduce new experiences such as
a 3,500-square-meter-plus gaming floor with canyon-design interiors. Moreover, Intercontinental and Novotel hotels will also offer branded residences, targeted to begin operations by 2030. The Hann Casino Resort expansion is estimated at P8 billion.
A new luxury integrated resort in Central Luzon SOON to rise is Hann Reserve, a sprawling 450-hectare, masterplanned luxury estate at New Clark City (NCC), Tarlac. The Bases Conversion and Development Authority (BCDA) heralds it as the single largest investment in the NCC estate thus far, signifying Hann Philippines’ strong confidence in the local economy and its role as a purveyor of progress in the region.
The estate will feature three 18-hole championship golf courses designed by Nicklaus Design, KJ Choi and Sir Nick Faldo, along with the only Professional Golfers’ Association of America (PGA)-affiliated player development facilities in the country. These will be complemented by the sought-after international luxury hospitality brands of Accor Group and Marriott International. It will also feature a commercial center, casino, exclusive residences, and an international school. The first of those three golf courses is due to open by the end of this year. Hann Reserve is estimated to cost $3 billion and is strategically phased for development until 2030.
they can rely on,” he explained. Leuterio added that beyond brokerage, the initiative opens new career paths for Overseas Filipino Workers in Dubai who are looking to enter the real estate profession either part-time or full-time. At the same time, he said, it broadens income opportunities for Philippine-based brokers by giving them access to international clients and listings.
“We can now collaborate with developers in both countries, leveraging our globally competitive systems and platforms. Filipino Homes is ready to facilitate business both ways—selling Dubai properties in the Philippines and Philippine properties to Dubaibased investors,” Leuterio said. Leuterio noted that there is a need for more enabling policies that support cross-border business.
“Our regulations often suppress activity. With better support, we can elevate the industry and match international standards,” he said.
Century Properties’ PHirst continues Luzon expansion with 3 grand launches; set to unveil 6 more sites by 2025
CENTURY Properties Group’s first-home brand, PHirst, continues its rapid expansion across the country with a series of strategic project launches for early 2025, aiming to meet the increasing demand for quality homes among Filipino families. These new developments translate to more homes, bigger neighborhoods, and expanded opportunities for families to live in well-planned, fully finished residences.
Luzon grand launches: New and bigger communities rise THE year began on a strong note with the launch of Century PHirst Centrale Batulao in Nasugbu, Batangas last February—the company's second township development following the remarkable success of its flagship township, PHirst Centrale Hermosa in Bataan, launched in March 2022.
Building on its momentum, PHirst rolled out an exciting second quarter marked by a series of grand launches in Luzon, showcasing new Show Villages and Model Houses. On May 10, 2025, the company launched PHirst Park Homes San Pablo East—the highly anticipated follow-up to its successful San Pablo project in Laguna. Spanning 12.77 hectares, this development will offer 1,440 fully finished Calista townhouse units, bringing the brand’s signature living experience to an expanding community. Just a week later, on May 17, PHirst Park Homes Sto. Tomas was unveiled. Located on a 37-hectare site in bustling Sto Tomas, Batangas, it will feature over 3,000 fully finished homes, including the sought-after Calista units.
As South Luzon rapidly emerges as a vibrant hub, both San Pablo and Sto. Tomas sites have become strategic developments in the LagunaBatangas corridor. This area is fast becoming a strategic location with commercial activity and infrastructure flourishing in prime areas and exceptional accessibility to the whole Calabarzon region, via the South Luzon Expressway (Slex) and the STAR Tollway. The Project Sites present an ideal blend of suburban peace and urban connectivity, making it a top choice for homebuyers seeking both everyday convenience and long-term investment value.
Capping off its project launches for the first half of the year, PHirst unveiled its third development this May—PHirst Park Homes Magalang East, on May 31, 2025. Building on the success of the original Magalang, Pampanga community, this 24-hectare sequel development will introduce 2,290 fully finished models, featuring both Calista Townhouse and Unna Single Attached models. The Calista Townhouse starts at P1.8M and Unna Single Attached at P3.5M. Future residents of PHirst Park Magalang East stand to benefit greatly from the dynamic environment of North Luzon. This is brought upon by the surge of global connectivity and economic activity, largely driven by the growth of Clark International Airport and the thriving BPO industry in Pampanga. These developments
present compelling advantages for homebuyers, offering career opportunities and international access closer to home.
“Recognizing the growing demand for quality homes nationwide and the evolving sophistication of Filipino homebuyers, PHirst remains steadfast in its efforts to expand our communities across the country,” said Ricky M. Celis, President of PHirst. “Our commitment extends beyond simply building quality homes; we strive to create enriching communities that foster growth and empower Filipinos to elevate the quality of their lives.”
6 more sites to be rolled out in 2025 BUILDING on key construction milestones and grand launches in the first quarter of 2025, PHirst remains firmly on track to achieve its development targets for the year. In addition to its grand launches, the company also announced expansion projects in Baliwag and Pandi, Bulacan, as well as General Trias, Cavite—each marked by official groundbreaking ceremonies held in March, April and May 2025, respectively. This growth momentum is expected to carry through the rest of the year, with a pipeline of upcoming developments— two in Batangas and one in Laguna—for launch in the coming months.
Altogether, PHirst is poised to open six new developments in 2025, spanning a total land area of 115 hectares and delivering 11,326 residential units, with a combined sales value of 26.4 billion.
Further expanding its geographic reach, the company is also preparing to introduce its first-ever project in Mindanao, marking a significant milestone in the brand’s nationwide expansion. This growing footprint underscores PHirst's steadfast commitment to providing high-quality, accessible, and future-ready communities to more Filipino families.
The PHirst Core CURRENTLY PHirst operates 27 active projects across Luzon and Visayas, with developments in key locations in Cavite, Laguna, Batangas, Quezon Province, Bulacan, Pampanga, Bataan, Nueva Ecija, and Bacolod City. Carrying its brand pillars—Complete Homes, Conceptive Amenities, Connected Essentials, and Convenient Selling & Buying Experience—PHirst has earned a reputation for creating well-planned neighborhoods that cater to modern Filipino lifestyles. With each development, PHirst proves its commitment to building not just homes, but meaningful places where families can Dwell, Create, and Thrive. For more information on PHirst’s developments and upcoming projects, visit www.centuryphirst.com. PHirst is a subsidiary and the first-home business segment of Century Properties Group. For more information on PHirst’s developments and upcoming projects, visit www.century-phirst.com.
HANN Casino Resort in Clark Freeport Zone is the first and only luxury IR in Central Luzon.
Immigration crackdown imperils 2026 World Cup
NEW YORK— Philadelphia’s host city executive for the 2026 World Cup says organizers accept that an immigration crackdown by President Donald Trump’s administration may be among the outside events that impact next year’s tournament.
“There are certainly things that are happening at the national level, the international level, there are going to be geopolitical issues that we don’t even know right now that are going affect the tournament next year, so we recognize that we’re planning within uncertainty,” Meg Kane said Monday at a gathering of the 11 US host city leaders, one year and two days ahead of the tournament opener.
The World Cup will be played at 16 stadiums in the US, Mexico and Canada from June 11 to July 19 next year, a tournament expanded to 48 nations and 104 games.
A ll matches from the quarterfinals on will be in the US, with the final at MetLife Stadium in East Rutherford, New Jersey. Whether it’s the Olympics,
whether it’s a World Cup, whether it’s a Super Bowl, you name it, anytime you’ve got a major international sporting event, geopolitics is going to have a role,” said Alex Vasry, CEO of the New York/New Jersey host committee.
K ane said the host committees must adapt to decisions made by others.
One of the things that I think we all recognize is that we have to be really good at operating within that uncertainty,” Kane said. “I think for each of our cities, we want to be prepared to make any person that is coming and makes the decision to come to the United States or come to this
Alas Pilipinas in must-win match vs New Zealand in AVC tourney
ALAS PILIPINAS plunges into a must-win match against New Zealand in the AVC Women’s Volleyball Nations Cup on Wednesday in Hanoi.
A t 2-1 won-lost following a heart-breaker to Iran on Monday, Alas Pilipinas needs to hurdle New Zealand and Kazakhstan on Thursday to stay alive for the semifinals of the 11-nation competition.
Angel Canino, who’s become the goto gal of the team with her consistency at the net, felt they have a strong chance against the Kiwis, who nailed their first win after two matches—a five-setter over Mongolia—on Monday night.
“Ate Jia [Morado-de Guzman, team captain] keeps our spirits up,” Canino said during Tuesday’s tournament rest day. “She told us that we have more matches coming up and that we keep our chins up—we fight to the end.” The Philippines-New Zealand match is set at 4 p.m. (Manila time) at the
Dong Anh Arena in Vietnam’s capital. Whatever outcome we had in this tournament, we’ve continued to learn and improve,” added Canino, a former top rookie and most valuable player of the University Athletic Association of the Philippines.
Alas Pilipinas head coach Jorge Edson Souza de Brito made the most of the day off from the matches and engaged the girls to a pep talk that bordered on not giving up. “The mindset is to always fight hard,” he said. Kazakhstan and Iran are 3-0 in Pool B, with Indonesia and Mongolia down at 0-3, while host Vietnam leads Pool A with a 2-0 card, followed by Chinese-Taipei with 2-1, Australia 1-1, Hong Kong 1-2 and India 0-2. The top two teams from each group advance to the semifinals.
ANGEL CANINO’S been the national team’s most consistent player. AVC PHOTO
ICTSI intercollegiate golfest up
ELEVEN varsity squads are gearing up for the inaugural International Container Terminal Services Inc. (ICTSI) Intercollegiate Tour, a landmark tournament designed to merge school spirit, athlete development and elitelevel golf under one unified platform.
“ This is more than collaboration— it’s a shared vision to elevate the sport, nurture talent, and weave golf into the collegiate athletic fabric,” said Arsenic Laurel, president of the Philippine Golf Foundation (PGF), partnering with Pilipinas Golf Tournaments Inc. (PGTI), during the official launch of the event at Solaire Entertainment City on Tuesday.
“This tour fills the gap at the college level,” said Colo Ventosa, PGTI general
manager. “It offers student-athletes a structured, competitive platform to grow their game while staying in school. Ultimately, we aim to make collegiate golf an official varsity sport and integrate it into leagues like the UAAP [University Athletic Association of the Philippines] and NCAA [National Collegiate Athletic Association].”
Our goal is simple: to establish collegiate golf as a recognized, school-based varsity sport. We want more schools to develop golf programs and eventually integrate the sport into major leagues like the UAAP and NCAA,” Ventosa said. “This tour goes beyond competition—it’s about growth, discipline, and creating opportunities.”
World Cup feel that they are welcome. We do not play a role necessarily in what is happening in terms of the decisions that are made.”
Trump’s travel ban on citizens from 12 countries exempted athletes, coaches, staff and relatives while not mentioning fans.
“ We allow for FIFA to continue having constructive conversations with the administrations around visas, around workforce, around tourism,” Kane said.
FIFA is running the World Cup for the first time without a local organizing committee in the host nation.
A sked in late April whether FIFA president Gianni Infantino was available to discuss the tournament, FIFA director of media relations Bryan Swanson forwarded the request to a member of the media relations staff, who did not make Infantino available.
L egislation approved by the House of Representatives and awaiting action in the Senate would appropriate $625 million to the Federal Emergency Management Agency “for security, planning, and other costs related to the 2026 FIFA World Cup.”
The 11 US host committees have been consulting with each other on issues such as transportation for teams and VIPs, and for arranging fan fests.
At the last major soccer tournament in the US, the 2024 Copa America final at Hard Rock Stadium in Miami Gardens, Florida, started 82 minutes late after fans breached security gates.
“Certainly we were not involved in the planning or the logistics for that particular match,” said Alina Hudak, CEO of the Miami World Cup host committee. She said local police “have done an extensive review of the afteraction reports related to that in collaboration with the stadium and so all of the things that happened are in fact being reviewed and addressed and I can assure you that everything is being done within our power to make sure that the appropriate measures are being placed, the appropriate perimeters.” AP
Arum on Hall of Famer Pacquiao: A very well-deserved induction
By Josef Ramos
TOP Rank chief Bob Arum heaped praise on Manny Pacquiao who was inducted into the Boxing Hall of Fame in New York over the weekend.
Pacquiao’s induction in the Class of 2025 made him as the only active boxer to be enshrined in the Hall of Fame. Arum has plenty of praises for Pacquiao, who took the boxing superstar in his stable in 2006, a partnership that lasted 14 years.
“It’s a very well-deserved induction. Manny Pacquiao has been one of the big highlights of my life and promoting career,” said Arum, saying Pacquiao’s massive wins against Oscar de la Hoya, Ricky Hatton, Miguel Cotto, Erik Morales, Marco Antonio Barrera and Juan Manuel Marquez are entrenched in boxing history. Now 93 years old, Arum, one of the most influential figures in professional boxing, praised Pacquiao for staying in shape at 46 years old, but threw caution to the wind as the former
eight-division world champion returns from retirement to target 30-year-old Mexican Mario Barrios’s World Boxing Council welterweight belt on July 19 at the MGM Grand in Las Vegas.
“L et’s hope the old Manny can reappear. You know he has a lot of ages on him now, but throughout his career, he was able to do some things that people never expected him to do,” Arum said.
“I w ill be visiting Manny’s training camp,” he said. “He looks tremendous when I saw him.” Arum signed up Pacquiao into his fold in a ceremony at the Manila Hotel in 2006—a promotional deal that would later cement the former senator’s lofty status in the boxing world, including the blockbuster mega fight against Floyd Mayweather Jr. in 2015. International matchmaker Sean Gibbons, who heads Manny Pacquiao’s MP Promotions, said he’s honored to be with Pacquiao during
a magical experience, unbelievably beautiful.”
Romero achieves another milestone in polo career
BUSINESSMAN and lawmaker Mikee Romero achieved another milestone in his sporting career after he clinched the No. 6 overall ranking in the United States Polo Rankings for April 2025. Romero also rose to No. 20 overall with 205 points in a tie with 10-goaler and 2024 US Open champion Poroto Cambiaso for the entire January–May 2025 Winter Polo Season, placing him firmly among the top-performing amateur and professional players in America.
Romero’s latest feat comes on the heels of his recognition by the World Polo Tour, where he’s ranked No. 24 amateur player in the world and the
The tour launches on June 16 at Sherwood Hills Golf Club in Cavite, with several legs scheduled at the country’s premier championship courses.
A stroke-play format will be used with three-player teams counting the best two scores—with individual honors up for grabs in both men’s and women’s divisions.
Among the participating schools are college rivals De La Salle, Ateneo, College of Saint Benilde, La SalleDasmariñas, FEATI University, Lyceum, Mapua, National University, University of the Philippines, University of Santo Tomas and University of the Cordilleras.
The Monday win tied their best-of-seven series at 1-1 for the National Basketball Association (NBA) title.
OKC should have been up, 2-0, as it had appeared headed to a Game 1 victory on Friday after posting a 110-109 lead with just ticks left to play. Plus, it was on the offensive, with its top gun, the 2025 Most Valuable Player Shai Gilgeous-Alexander, aka SGA, in ball possession. But then, it happened. Again.
SGA missed a mid-range shot from left quarter court that could have secured an OKC victory—an unlikely miss from someone dubbed as the season’s most accurate mid-range shooter.
O n Indiana’s all-or-nothing counter-attack, the Miracle Man appeared.
Tyrese Haliburton, famously known to sink shots that had largely keyed Indiana’s incursion into the Finals for the first time in 25 years, buried a pressured right quarter court jumper with
ALL eyes are on Olongapo City this weekend as the Century Tuna Ironman 70.3 Subic Bay Philippines returns on Sunday transforming the coastal city into a battleground for some of the world’s fittest endurance athletes.
The Sunrise Events Inc.-organized event—a classic 1.9-km swim, 90km bike and 21-km run race—marks the second of five major races on the Sunrise Events Inc. calendar.
Following the success of Ironman 70.3 Puerto Princesa in March, Subic
highest-ranked Southeast Asian player on the global circuit. The April rankings are led by some of the world’s most dominant 10-goal professionals—Tomas Panelo at No. 1, Juan Martín Nero at No. 2, Adolfo Cambiaso at No. 3 and Barto Castagnola at No. 4. Romero’s No. 6 ranking in the company of the icons is testament to his competitive performance and elite campaign throughout the US polo season.
Romero’s top-rated pony, “Niki,” also earned national recognition by tying for the No. 1 polo horse ranking in the United States.
“ This is a deeply meaningful moment,” Romero said. “To stand among the best players in the US and to see ‘Niki’ recognized beside the finest horses in the world is a tribute to the effort, preparation, and heart that went into every game.”
Bay ups the ante with a fierce and diverse field—from age-group warriors to seasoned campaigners—competing for 45 coveted slots to the Ironman 70.3 World Championship in Marbella, Spain, this November. On Saturday, the RLC IRONKIDS returns, while the Sunrise Sprint adds extra dimension on Sunday—a shortdistance 750-meter swim, 20-km bike and 5-km showdown ideal for rookies and speedsters alike. With former Ironman
0.3 second left for Indiana’s 111-110 Game 1 victory.
But the Miracle Man became the Missing Man in Game 2 as OKC’s leech-like guarding limited Haliburton to just three first-half points and five points after three quarters while the Thunder thundered to a 94-73 bulge going to the final quarter.
In a sh ow of force, SGA juiced himself to the hilt as though atoning for his flubbed Game 1 winning shot, tallying 34 points, eight assists and four steals in a superb follow-up to his 38-point effort in the opener. A nd, yes, this time, SGA got all the support he needed from his teammates.
All-Star Jalen Williams had 19 points and was 8-of-9 from the stripe, Chet Holmgren improved his Game 1 six points to 15 in Game 2 on 6-of-11 shooting clip, Aaron Wiggins unloaded 18 points with five 3-pointers in a huge hop from his measly three points in the opener and then former Laker Alex Caruso dropped 20 points behind a 4-of-8 mark from beyond the arc. “I thought everyone played better individually, and I thought we played better collectively,” Thunder coach Mark Daigneault said. The next two games will be played at the famed Gainfield
“Niki” shared the prestigious top spot with “Catwoman” (Juan Martín Nero), “La Dolfina Binter” and “La Dolfina Jetcost” (Adolfo Cambiaso) and ‘Oriental Oklahoma’ (Tomas Panelo)— each scoring a perfect 30-point rating. Romero’s climb was fueled by his strong performance in the 2025 Gauntlet of Polo, the US’s most prestigious series composed of the CV Whitney Cup, USPA Gold Cup and the US Open Polo Championship.
and
House in Indianapolis, with Game 3 set on June 12 at 8:30 a.m. Manila time, and Game 4 on June 14, also at 8:30 a.m. I t’s imperative that Haliburton halts his slide quick. Otherwise, SGA and the Thunder will march unstoppably to their date with destiny.
THAT’S IT Cheers to Manny Pacquiao for finally earning boxing’s
Haliburton needs to snuff out Thunder threat
MIKEE ROMERO clinches the No. 6 overall ranking in the United States Polo Rankings for April 2025.
PHILIPPINE Golf Foundation (PGF) president Arsenic Laurel (right) explains the mechanics of the tournament with (from left) Pilipinas Golf Tournament Inc.’s international business manager Mohamed Shariz, general manager Colo Bentosa and PGF chairman Cesar Buenaventura. NONIE REYES
MANNY PACQUIAO (third from left) gets together with (from left) Erik Morales, Bob Arum and Sean Gibbons during the Hall of Fame Class of 2025 induction ceremony in New York. COURTESY JHAY OH OTAMIAS