diff --git "a/raw_rss_feeds/https___www_bworldonline_com_feed_.xml" "b/raw_rss_feeds/https___www_bworldonline_com_feed_.xml" --- "a/raw_rss_feeds/https___www_bworldonline_com_feed_.xml" +++ "b/raw_rss_feeds/https___www_bworldonline_com_feed_.xml" @@ -12,7 +12,7 @@ https://www.bworldonline.com/ BusinessWorld: The leading and most trusted source of business news and analysis in the Philippines - Wed, 21 Jan 2026 03:48:12 +0000 + Fri, 23 Jan 2026 08:45:05 +0000 en-US hourly @@ -20,392 +20,40 @@ 1 https://wordpress.org/?v=6.9 - Empowering content creators, supporting livelihoods at Nestlé Professional’s first-ever TikTok affiliates event - https://www.bworldonline.com/spotlight/2026/01/21/725529/empowering-content-creators-supporting-livelihoods-at-nestle-professionals-first-ever-tiktok-affiliates-event/ + Skin Republic: Where great skin became simple + https://www.bworldonline.com/spotlight/2026/01/23/726103/skin-republic-where-great-skin-became-simple/ - Wed, 21 Jan 2026 02:00:25 +0000 + Fri, 23 Jan 2026 08:45:53 +0000 - - - - https://www.bworldonline.com/?p=725529 + + + https://www.bworldonline.com/?p=726103 - - Social commerce has changed the landscape of discovering and purchasing products online. Through live selling and affiliate content creators on social media platforms like TikTok, buying an item is now as easy as scrolling on your feed, clicking the yellow basket and proceeding to checkout. This streamlined process is what brands are leveraging to keep up with today’s dynamic retail space and bring their products directly to consumers.

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Nestlé Professional, with its commitment to empower creators and foster collaboration in the food and beverage industry, gathered over 100 affiliates from Metro Manila and nearby cities to join the Nestlé Professional Creator Playground last Nov. 5. Culinary experts conducted hands-on workshops and live demos using Nestlé Professional and Maggi Professional products that served as a guide for attendees to boost their selling potential and further elevate their content on TikTok.

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The event also featured informative and inspiring talks about content creation strategies, effective use of social media platforms, and best practices for monetizing content through affiliate marketing.

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“We recognize the growing influence of social commerce and the vital role that content creators play in shaping consumer preferences. By bringing together creators, we aim to provide them with the tools, resources, and support they need to thrive in this space,” said Nestlé Professional Business Executive Officer Rica Mier. “This event is just the beginning of our goal to build a community where creators feel valued and empowered to share their experiences with our brand.”

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Michelle Mendoza from Antipolo City is one of the content creators who joined the Nestlé Professional Creator Playground. According to her, she gained valuable insights from the event about developing more creative videos for her audience and driving sales. While new to the TikTok affiliate scene, Michelle has a background in business marketing that makes her comfortable in communicating with all types of people through live selling. “Swak kami ni TikTok at ng pag-a-affiliate. Yan ang aking passion. At yung gusto ko sa ganito, sarili mo yung oras mo.”

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Just like Michelle, fellow Nestlé Professional affiliate Jenalyn Vicente enjoys the freedom that being an affiliate provides especially to moms like her who are looking for an additional source of income. “’Yung kinikita ko sa dati kong work, kinikita ko na rin ngayon. Sina-sideline ko lang dati itong pag-a-affiliate. Mula pa-isa-isang items, dumami nang dumami dahil ina-approach talaga ng tao,” she shared.

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Self-proclaimed rakitero Genesis Quejada added being an affiliate to his long list of side hustles just after graduating college this year. He believes consistency and hard work are key to make it big in this line of work. “’Yung strategy ko ay mag-live for two hours in the morning and two hours at night. ’Yung pagitan ng oras ko na ’yun, I make more content in batches para kung ma-busy man in the next days, may ready-made videos pa rin for posting,” he said.

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Because Nestlé products are pantry and kitchen essentials in Filipino homes, Michelle said they’re always in demand. Discounts vouchers and freebies also attract more consumers to their page and to check out the products they’re showcasing. This results in higher sales and bigger commissions for the affiliates.

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When asked about their long-term goals as an affiliate, everyone expressed their desire to earn enough to save for the future. Michelle and Genesis both also want to one day establish their own brands and employ affiliates of their own as a way to share their expertise and opportunities to others. Jenalyn, on the other hand, aims for financial security. “Kaya ako nag-affiliate para makatulong sa family ko fully at magkaroon ng extra income. ’Di na ako hihingi sa iba. Lahat ito sarili kong sikap.”

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Being an affiliate may seem easy at first look — just promoting products through videos and live selling — but it does come with its own set of challenges such as managing time wisely, coming up with engaging and fresh content ideas, and avoiding violations that may get your account banned, among others. Genesis advises new and aspiring affiliates to familiarize themselves well with the community guidelines and strictly adhere to them in creating content and during lives.

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Through the Nestlé Professional Affiliate Program, Nestlé aims to improve the livelihoods of its affiliates and help them maximize their potential as content creators. Check out @barangayNestlé on TikTok to know more and score the best deals on your favorite Nestlé products.

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Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

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Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

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- - SEC studies lifting moratorium on new online lending platforms - https://www.bworldonline.com/corporate/2026/01/21/725526/sec-studies-lifting-moratorium-on-new-online-lending-platforms/ - - - Wed, 21 Jan 2026 01:54:37 +0000 - - - - https://www.bworldonline.com/?p=725526 - - - The Securities and Exchange Commission (SEC) said it is studying a possible lifting of the moratorium on the registration of new online lending platforms.

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“The moratorium is already long — it’s already long, so I said it’s about time to study [whether] to lift it,” SEC Chairperson Francisco Ed. Lim told reporters on the sidelines of an event on Monday.

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In November 2021, the SEC imposed a moratorium on the registration of new online lending platforms run by financing and lending companies as it worked on rules to curb predatory lending and abusive debt collection practices.

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“Liberalizing the rules — that’s my focus this year,” Mr. Lim said.–Alexandria Grace C. Magno

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- - Billionaires 4,000 times more likely to hold political office, says Oxfam report - https://www.bworldonline.com/economy/2026/01/21/725519/billionaires-4000-times-more-likely-to-hold-political-office-says-oxfam-report/ - - - Wed, 21 Jan 2026 01:09:49 +0000 - - - https://www.bworldonline.com/?p=725519 - - - Billionaires, whose wealth saw record growth in 2025, are 4,000 times more likely to hold political office than ordinary citizens, according to a global Oxfam report released Tuesday, coinciding with the World Economic Forum in Davos, Switzerland.

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In the report titled “Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power,” Oxfam said that 11% of the world’s billionaires had either held or sought political office in 2023, making them 4,000 times more likely to occupy political positions than average citizens.

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Oxfam warned that this extreme concentration of political power is “hollowing out democracies, weakening public institutions, and driving growing anger and unrest worldwide, including in the Philippines.”

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The organization noted that billionaires’ increased political participation coincides with their record-breaking wealth.

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In 2025 alone, the wealth of the world’s billionaires grew by more than 16%, or US $18.3 trillion, Oxfam said, marking a growth rate three times faster than the average of the previous five years. The number of billionaires worldwide also surpassed 3,000 for the first time.

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This surge comes amid persistent global inequality, with nearly half of the world’s population living in poverty, Oxfam said.

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“The widening gap between the rich and the rest is creating a political deficit that is highly dangerous and unsustainable,” Amitabh Behar, Oxfam International executive director, said in a statement.

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“Governments are making wrong choices to pander to the elite, defending wealth while repressing people’s rights and fueling anger as many struggle with unaffordable and unbearable living conditions.”

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The report also cited the World Values Survey, which found that almost half of respondents across 66 countries believe that wealthy people often buy elections in their countries.

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In the Philippines, Oxfam highlighted that recent corruption in flood control projects has worsened income inequality.

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The country remains the 15th most unequal globally and among the Southeast Asian nations with the starkest wealth divide, the report said.

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“Filipinos are witnessing inequality become a matter of life and death when corruption diverts billions meant for flood control, while the wealthy amass record fortunes,” Maria Rosario “Lot” Felizco, Oxfam Pilipinas executive director, told BusinessWorld in a text message.

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“We cannot let wealth and greed capture our democracy and determine who gets protected and who is abandoned during disasters,” she added.

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Meanwhile, Oxfam Pilipinas policy advocacy and communications manager Mai Lagman told BusinessWorld in a phone interview that a local report detailing billionaires’ political influence in the Philippines is set to be released soon.

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Oxfam urged governments to control the political power of extreme wealth by implementing realistic, time-bound national inequality reduction plans, effectively taxing the super-rich, enforcing stronger firewalls between wealth and politics, and ensuring accountability for the political empowerment of ordinary citizens.

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Oxfam International is a global confederation of over 20 organizations working in over 70 countries to fight poverty, reduce inequality, and promote social justice.— Edg Adrian A. Eva

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- - Philippines’ BoP position swings to deficit in 2025 - https://www.bworldonline.com/top-stories/2026/01/21/725229/philippines-bop-position-swings-to-deficit-in-2025/ - - - Tue, 20 Jan 2026 16:34:44 +0000 - - - - - https://www.bworldonline.com/?p=725229 - - - By Katherine K. Chan, Reporter

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THE PHILIPPINES’ balance of payments (BoP) deficit in 2025 settled below the central bank’s full-year forecast despite posting a wider deficit in December.

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Data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s BoP position swung to a $5.661-billion deficit, a reversal from the $609-million surplus seen in 2024.

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This was narrower than the central bank’s projection of a $6.2-billion gap or -1.3% of the country’s gross domestic product (GDP).

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In December alone, the BoP deficit narrowed year on year to $827 million from a $1.508-billion gap.

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However, it widened from the $225-million shortfall recorded in November.

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“The Philippines’ balance of payments registered an $827-million deficit in December 2025, bringing the full‑year outcome to a $5.7-billion deficit,” the BSP said in a statement late on Monday.

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BoP refers to the country’s economic transactions with other nations. A surplus indicates more funds entered the country, while a deficit shows that the country spent more than it received.

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Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the BoP deficit in December was partly due to the country’s continued trade deficit.   

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The Philippines’ trade-in-goods balance, or the difference between the values of exports and imports, narrowed to a $45.2-billion gap as of end-November from $50.18 billion in the same period in 2024.

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Meanwhile, John Paolo R. Rivera, a senior research fellow at the Philippine Institute for Development Studies, said subdued capital inflows and foreign direct investments, as well as sustained net outflows from portfolio investments, may have also fueled the recent BoP deficit.

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“It reflects a mix of weaker capital inflows, softer FDI (foreign direct investment), and continued net outflows from portfolio investments, alongside a persistently wide trade deficit driven by imports,” he said in a Viber message.

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“(The December) deficit likely reflects year-end debt servicing, profit repatriation, and portfolio rebalancing, which are typical toward the close of the year.”

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FDI net inflows have recorded double-digit annual declines every month since August 2025. In October, it slumped by 39.8% to $642 million from $1.067 billion a year ago.

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Mr. Ricafort said the country’s BoP position may improve in the near term if the administration’s governance reforms would materialize.

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“For the coming months, BoP data would improve further if anti-corruption measures and other reform measures, especially in further leveling up the country’s governance standards, are taken seriously, just like 10-15 years ago, as these help further improve international investor confidence in the country,” he said in an e-mail.

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RECORD DOLLAR RESERVES
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Meanwhile, the central bank’s dollar reserves stood at $110.833 billion as of end-2025, 4.31% higher than the $106.257 billion logged in the prior year.

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This marked a new all-time high gross international reserves (GIR) level on an annual basis, breaking the previous record of $110.117 billion at end-2020.

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The dollar reserves level in 2025 also exceeded the BSP’s estimate of $109 billion for the year.

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At end-December, the country’s GIR level translated to 7.4 months’ worth of imports of goods and payments of services and primary income, well above the three-month standard.

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“Specifically, the latest GIR level ensures the availability of foreign exchange to meet balance of payments financing needs, such as for payment of imports and debt service, in extreme cases when there are no export earnings or foreign loans,” the central bank said.

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It is also enough to cover about 3.9 times the country’s short-term external debt based on residual maturity.

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GIR comprises foreign-denominated securities, foreign exchange, and other assets such as gold. It enables a country to finance imports and foreign debts, maintain the stability of its currency, and safeguard itself against global economic disruptions.

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For Mr. Rivera, a rebound in FDIs, export performance, remittance inflows, the US Federal Reserve’s monetary policy actions, among other global financial conditions, will determine the country’s BoP position this year.

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“While near-term pressures from global uncertainty and PHP (Philippine peso) weakness may persist, a pickup in investments and exports could help narrow the deficit this year, with GIR expected to remain broadly stable barring major external shocks,” he said.

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For 2026, the BSP expects the overall BoP position to end at a $5.9-billion deficit or -1.2% of the Philippine GDP. Meanwhile, it sees the GIR level reaching $110 billion by yearend.

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- - Philippines looks to raise $1.5B via triple-tranche dollar bonds - https://www.bworldonline.com/top-stories/2026/01/21/725430/philippines-looks-to-raise-1-5b-via-triple-tranche-dollar-bonds/ - - - Tue, 20 Jan 2026 16:33:38 +0000 - - - - - https://www.bworldonline.com/?p=725430 - - - By Aaron Michael C. Sy, Reporter

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THE GOVERNMENT is seeking to raise at least $1.5 billion from its triple-tranche offering of dollar-denominated notes, marking the Marcos administration’s fourth offshore bond issuance and its first in a year.

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National Treasurer Sharon P. Almanza said in a Viber message that the government is targeting benchmark volumes of at least $500 million for the 5.5-year, 10-year, and 25-year issuances.

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“This transaction marks the Republic’s return to the international capital markets for 2026, building on a robust track record of successful issuances, following a dual-currency issuance of $2.25 billion and €1 billion in January 2025, a $2.5-billion triple-tranche offering in August 2024, and a $2-billion dual-tranche offering in May 2024,” the Bureau of the Treasury said in a statement on Tuesday.

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Proceeds of the issuance will be used for general budget financing, it added.

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The government aims to price the 5.5-year tranche at about 70 basis points (bps) over the US Treasuries, the 10-year tranche at around 100 bps over US Treasuries, and the 25-year tranche at near 5.9% levels.

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The transaction was scheduled to be priced during the New York session on Tuesday, with the settlement date set on Jan. 27.

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“The Marcos administration remains firmly committed to promoting strong and inclusive socioeconomic growth. This transaction underscores our steadfast dedication to sound fiscal policy and sustainable development. We are confident that our policy direction and reform agenda will continue to resonate with the global investment community and support a successful outcome for this offering,” Finance Secretary Frederick D. Go said in a statement.

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BofA Securities, Deutsche Bank, HSBC (B&D), JPMorgan, Morgan Stanley, Standard Chartered Bank and UBS were mandated as joint lead managers and bookrunners for the transaction.

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The global bonds, which will be drawn from the government’s existing shelf program, were rated “Baa2” by Moody’s Ratings, “BBB+” by S&P Global Ratings, and “BBB” by Fitch Ratings. These ratings are in line with the Philippine government’s issuer rating.

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“We have seen favorable market conditions for the Republic to return to the international capital markets today. Anchored on stable fundamentals and our recent credit affirmation, this transaction reflects our proactive and strategic approach to secure cost-efficient funding while advancing the National Government’s development priorities,” Ms. Almanza said.

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Meanwhile, a trader said in a text message that the issuance could be affected by the sell-off in Japanese bonds and US Treasury yield movements on Tuesday, which could result in investors asking for higher yields but still lower than the initial price guidance.

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Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera likewise said in a Viber message that the demand for the dollar bonds could be “healthy but selective” amid a weak peso and volatile US market.

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The local unit on Tuesday closed at P59.455 versus the greenback, weakening by 1.5 centavos from its P59.44 finish on Monday, data from the Bankers Association of the Philippines  showed.

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The peso’s intraday low of P59.50 was its weakest on record, surpassing the previous record low of P59.46 set on Jan. 15 as well as the P59.47 it briefly touched.

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“A softer peso often pushes some investors toward higher-yield emerging-market papers like Philippine-issued USD bonds, especially if yields are attractive relative to US Treasuries and regional peers,” Mr. Rivera said. “But, global risk sentiment and interest rate uncertainty mean that investors will be discerning on timing, tenor, and pricing.”

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Mr. Rivera added that the government will have to price the global bonds higher if the dollar rallies or risk appetite wanes to secure demand, but a more stable US market could tighten spreads.

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“On rates, expect the government to pay a premium relative to recent periods of calm both to compensate for forex (foreign exchange) risk and global volatility,” Mr. Rivera said.

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- - Philippine agriculture output likely increased in 2025 - https://www.bworldonline.com/top-stories/2026/01/21/725428/philippine-agriculture-output-likely-increased-in-2025/ - - - Tue, 20 Jan 2026 16:32:37 +0000 - - - - - https://www.bworldonline.com/?p=725428 - - - By Vonn Andrei E. Villamiel

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THE PHILIPPINES’ agricultural production is estimated to have grown modestly in 2025 as gains in poultry and crop output likely offset the decline in livestock and fisheries, analysts said.

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Former Agriculture Secretary William D. Dar told BusinessWorld that he estimated agriculture output to have expanded by about 2% in 2025.

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If this projection is realized, it will be a reversal from the 2.2% decline in farm output recorded in 2024.

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The Philippine Statistics Authority (PSA) reported an agricultural output of P1.72 trillion in 2024, down from P1.76 trillion a year earlier. 

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“Overall, for the 2025 performance of the agriculture sector, there is potentially an increase in output year on year. The crops and poultry subsector will have positive growth as compared to the negative growth of livestock and fisheries,” Mr. Dar said in a Viber message.

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Former Agriculture Undersecretary Fermin D. Adriano said a higher full-year output in 2025 can be attributed to relatively better weather conditions.

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“My sense is that agriculture performed better in 2025 compared to 2024, which saw a series of devastating typhoons and flooding,” he told BusinessWorld via Viber.

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Meanwhile, Raul Q. Montemayor, national manager of the Federation of Free Farmers, said agriculture output is likely lower or flat in the fourth quarter of 2025.

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According to PSA data, agricultural output in the fourth quarter of 2024 fell 1.95% to P484.59 million from P494.25 million a year earlier.

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“I think it will basically be the same story — lower or stagnant output, with only the poultry sector as the bright spot. I think palay (unmilled rice) and corn will be down,” he told BusinessWorld via Viber.

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Mr. Montemayor said the low farmgate prices of palay and corn last year likely discouraged farmers, leading to a reduced crop output.

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Palay and corn account for about 27% of the Philippines’ total crop output.

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Data from the PSA showed that palay production in the fourth quarter of 2025 fell by 5.21% to 6.85 million metric tons (MMT) from 7.23 MMT a year earlier.

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POULTRY GROWTH
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For both fourth-quarter and annual output, analysts project a strong turnout for the poultry subsector and declines in livestock and fisheries output.

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Elias Jose M. Inciong, chairman of the United Broiler Raisers Association, told BusinessWorld that poultry output likely grew in the fourth quarter of 2025 from a year earlier.

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“The reason would probably be an influx of new entrants to the industry,” he said in a Viber message.

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For the livestock subsector, the African Swine Fever (ASF), a highly contagious viral disease lethal to swine and wild boars, likely continued to weigh down on production.

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“ASF continues to be a problem not only in terms of casualties but also hesitance of hog raisers to repopulate because of the risk,” Mr. Montemayor said.

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Meanwhile, Norberto O. Chingcuanco, a board member of the National Fisheries Research and Development Institute and co-convenor of Tugon Kabuhayan, said weather disruptions in the fourth quarter heavily affected fishery production.

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“It was a good increase till Typhoon Uwan (international name: Fung-wong) hit us. A huge volume of fish escaped from sea cages,” he told BusinessWorld via Facebook Messenger in mixed English and Filipino

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Data from the Department of Agriculture showed that Typhoon Uwan caused P83.66 million in damage to fisheries, with almost 21,000 metric tons of fishery commodities reported lost.

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However, Mr. Chingcuanco said fishery output did not actually disappear or decline in terms of its contribution to national food security. Many of the fish that escaped from sea cages were later caught as community catch, which official statistics cannot track.

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The PSA will release the 2025 fourth-quarter and full-year agriculture output data on Jan. 28, a day before the release of fourth-quarter and full-year preliminary gross domestic product (GDP) data on Jan. 29.

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Agriculture output contributes about a tenth to GDP and a fourth of the country’s jobs.

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- - Maybank sees Philippine economy growing below target until 2027 - https://www.bworldonline.com/top-stories/2026/01/21/725427/maybank-sees-philippine-economy-growing-below-target-until-2027/ - - - Tue, 20 Jan 2026 16:31:36 +0000 - - - - https://www.bworldonline.com/?p=725427 - - - PHILIPPINE ECONOMIC growth may continue to undershoot the government’s targets until next year as the lingering effects of the flood control corruption scandal will likely derail recovery, Maybank Investment Banking Group said.

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Maybank economist Azril Rosli said the country’s gross domestic product (GDP) may have grown by 4.8% in 2025, before picking up slightly to 4.9% in 2026. This was down from their earlier estimates of 5.6% and 5.8%, respectively.

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If realized, these will fall short of the government’s targets of 5.5%-6.5% for 2025 and 5%-6% for 2026.

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“So, we did some quantification on the… impact of the flood control (issue on the Philippine economy). Based on the quantification, we actually revised our GDP growth for the Philippines to 4.8% in 2025 and to 4.9% in 2026,” Mr. Rosli told a media briefing on Tuesday.

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“I think… currently the important significant features that we are looking at (are) driven by the flood control spending cuts, as well as the broader Department of Public Works and Highways (DPWH) budget consolidation,” he added. “We thought that the quantification is expected to derail the government’s medium-term economic targets.”

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Last year, investigations into anomalous flood control projects across the country uncovered widescale corruption involving lawmakers, DPWH officials and private contractors.

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The controversy weakened consumer and investor sentiment as well as slowed government spending and household consumption, driving GDP growth to an over four-year low of 4% in the third quarter. As of end-September, GDP growth stood at 5%.

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However, Maybank analysts said the lower end of this year’s target is still attainable if private consumption, which accounts for about 43% of GDP, will pick up.

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“(At) the end of the day, it’s really the consumer segment that’s the biggest driver for the Philippines. So, as long as your underlying demand remains quite robust… then the 5%, to a certain extent, is achievable,” Kervin Sisayan, head of equity research at Maybank Securities Philippines, said.

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Mr. Rosli likewise said that the government’s renewed push for reforms and catch-up plans, if materialized, could provide some boost for domestic demand and investment climate in the near term.

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“We’ll see clearer policy direction, improved regulatory certainty, and stronger public-private engagement that can help unlock delayed private investment and accelerate project implementation,” he said.

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“So, this could definitely help in terms of, especially on infrastructure, energy as well as strategic industries. And, this could also provide (a) meaningful boost to domestic demand in the second half of the year.”

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For 2027, Maybank expects the economy to expand by 5.2%, also below the 5.5%-6.5% aimed by the government.

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If Maybank’s projections until 2027 hold true, the Philippines would miss its growth targets for a fifth straight year.

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INFLATION TO PICK UP
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Meanwhile, Maybank said Philippine inflation is expected to accelerate this year due to base effects, stabile utility costs and a weak peso in the first half.

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The bank sees the consumer price index picking up to 2.2% this year from 1.7% in 2025. If realized, inflation will be back to the Bangko Sentral ng Pilipinas’ (BSP) 2%-4% target.

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“Looking ahead, inflation is suspected to gradually pick up to around 2.2% in 2026, moving closer to the BSP’s target range as base effects fade and utility-related costs stabilize,” Mr. Rosli said.

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He also noted that geopolitical tensions and exchange rate volatility pose risks to transport inflation, which could bring price pressures this year.

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On Jan. 15, the peso slumped to a fresh low of P59.46 against the dollar, surpassing the previous record of P59.44 versus the greenback on Jan. 14.

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Amid this macro backdrop, Maybank sees room for deeper cuts this year to bring the benchmark policy rate to 4%.

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Mr. Rosli said the central bank will likely deliver one 25-basis-point (bp) cut in each half of the year.

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“We’re maintaining vigilance on emerging risks from the external trade outlook, as well as geopolitical tensions and tariff-related uncertainties,” he said.

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“So, the policy stance balances providing monetary accommodation to support economic activity while preserving credibility on inflation control, as well as maintaining adequate policy space for future shocks.”

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The Monetary Board has so far lowered key borrowing costs by 200 bps since August 2024, bringing it to an over three-year low of 4.5%.

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BSP Governor Eli M. Remolona, Jr. has said that they could consider easing further but noted that it may be unlikely given current economic data and as the policy rate is already close to where they want it to be.

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Still, he left the door open for two 25-bp cuts this year if economic growth turns out weaker than they anticipated.

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The Monetary Board is set to have its first policy review this year on Feb. 19. — Katherine K. Chan

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- - ACEN to invest P60B in PHL solar, wind, and battery projects - https://www.bworldonline.com/corporate/2026/01/21/725466/acen-to-invest-p60b-in-phl-solar-wind-and-battery-projects/ - - - Tue, 20 Jan 2026 16:09:50 +0000 - - - - https://www.bworldonline.com/?p=725466 - - - RENEWABLE ENERGY developer ACEN Corp. is expected to allocate the bulk of its P80-billion capital expenditure (capex) this year to the development of its major renewable energy projects in the Philippines.

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Speaking to reporters on Tuesday, ACEN President and Chief Executive Officer Eric T. Francia said the budget will finance solar, wind, and battery storage projects currently in the company’s pipeline.

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“Over 60 billion [is allocation for] the Philippines alone,” Mr. Francia said.

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If realized, the P80-billion capex would surpass last year’s actual spending of around P55 billion.

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ACEN currently operates 4.3 gigawatts (GW) of renewable energy projects across its markets, including the Philippines, Australia, Vietnam, India, Indonesia, Laos, and the United States.

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Mr. Francia said the company expects to end the year with more than 5 GW of operational renewable energy capacity, as around 1 GW of projects is set to be energized this year.

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“We’ll be more than 5 GW operational expected by end of this year. And then we should be close to 7 GW operational by next year,” he said, referring to projects under construction and backed by signed agreements.

-

The company also anticipates improved performance this year compared with 2025, supported by additional output from recently energized plants and those scheduled to come online.

-

“The wind farms that were impacted in late 2024 by the typhoon have been substantially restored already since the third quarter of last year,” Mr. Francia said.

-

“So the plants have been stable in terms of operations. That would definitely add to the volume output.”

-

For the nine months ending September, ACEN posted a 78% drop in attributable net income to P1.79 billion from P8.14 billion a year ago.

-

Revenues fell 18% to P23 billion from P28 billion in the previous year, reflecting softer electricity prices and lower power generation output.

-

On the local bourse on Tuesday, ACEN shares fell 3.92% to close at P2.94 apiece. — Sheldeen Joy Talavera

-]]>
- - - - https://www.bworldonline.com/wp-content/uploads/2025/12/ACEN-Arayat-Mexico-Solar-plant-300x200.jpeg
- - Art Fair Philippines makes another move - https://www.bworldonline.com/arts-and-leisure/2026/01/21/725340/art-fair-philippines-makes-another-move/ - - - Tue, 20 Jan 2026 16:08:31 +0000 - - - - https://www.bworldonline.com/?p=725340 - - - ART FAIR Philippines has moved away from the central business district in the Ayala Avenue area that had served as its home for years — first at the car park next to the Shangri-La Makati, then the Ayala Triangle garden — to a completely different area of Makati. The 13th edition of the art fair will occupy Circuit Corporate Center One at Circuit Makati, from Feb. 6 to 8.

-

For the fair’s founders — Trickie Colayco-Lopa, Lisa Ongpin-Periquet, and Geraldine “Dindin” Araneta — there’s great potential to be found in the new venue. There, six floors of an office building will be repurposed for the fair.

-

While it may seem like an odd journey from a carpark to an urban garden and now to an office building, the three expressed their eagerness to continue growing a local audience for contemporary art in another part of the city.

-

“This year’s edition is not just an art fair — it’s the start of a bigger cultural ecosystem in the heart of Makati,” Ms. Lopa told the media at a press conference in Circuit, the former Santa Ana racetrack that Ayala started developing in 2011. “They have a mall complex and a performing arts theater here, and soon they will have an arts hub,” she said.

-

Ms. Araneta added that the contemporary art museum being built by Ayala by the Pasig River (slated for completion in 2027) is one of the reasons art enthusiasts must get used to the area.

-

GETTING THERE
-
There will be hourly P2P buses from the One Ayala transport hub on EDSA corner Ayala Ave., to cater to fairgoers coming from the central business district. The bus will stop right in front of Circuit Corporate Center One.

-

“It’s not that far. It’s not that bad, but I understand it’s also a psychological thing — that it’s not where it used to be, in the center of Makati,” Ms. Periquet said. Art Fair Philippines is also partnering with Grab to offer a promo code.

-

She explained that having the corporate center repurposed is an exciting part of the Art Fair.

-

“We’ve had a rich history of adaptive reuse of space, especially in a country like the Philippines where we lack the infrastructure, so it’s an appropriate adjustment for us. Adaptive reuse is a practical move,” said Ms. Araneta. “This year, it’s six floors of an office building with glass partitions, so design firm Leandro V. Locsin and Associates is working with that element to carve out gallery spaces.”

-

The art fair will occupy levels six to 11 of Circuit Corporate Center One. They will be serviced by eight elevators in total, to accommodate persons with disabilities (PWDs).

-

“I invite people to be adventurous. They’re building up this space as an art hub. There will be a contemporary art center coming up in the corner by the river in a very beautiful site, so it’s good to get used to this space,” Ms. Periquet added. “It’s exciting to have a new place every year, but it’s hard for us because planning it is not easy.”

-

All three founders shared that they aim for the move to Circuit, Makati, to be permanent.

-

EXHIBITORS AND HIGHLIGHTS
-
This year’s fair will have exhibitors from the Philippines, France, Hong Kong, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Vietnam, and Spain.

-

They are: 125 Projects, Ames Yavuz, Archivo 1984, Art Agenda, Art Cube Gallery, Art for Space, Art Lounge Manila, Art Underground, Art Verité Gallery, Artemis Art, Avellana Art Gallery, Boston Art Gallery, Caiyun Art, Cartellino, Cayón, CCP x Scarletbox, Core Contemporary, Der-Horng Art Gallery, FotomotoPH, Gajah Gallery, Galerie Stephanie, Gallery Kogure, ISTORYA STUDIOS, J Studio, Kaida Contemporary, Kawata Gallery, León Gallery, Modeka Art, Museo Trece, Orange Project, Parallel+, Pintô Art Museum and Arboretum, Qube Gallery, Rose Studio Art Gallery, SHUKADO + SCENA, Silverlens, Tarzeer Pictures, The Columns Gallery, The Crucible Gallery, The METRO Gallery, TLYR Collective, Tomura Lee, Triangulum, Village Art Gallery, Vin Gallery, White Walls Gallery, Yeo Kaa (Ames Yavuz), YOD Gallery, and Ysobel Art Gallery.
-This year’s edition aims to have “greater spatial flexibility and a more integrated environment for galleries, curated projects, and public programming.”

-

The ArtFairPH/Projects section will be celebrating artistic excellence and experimental innovation, with a focus on modern masters and contemporary visionaries. It will be placed in an exhibition space designed by Nazareno/Lichauco. Artists featured are Imelda Cajipe Endaya, Ambie Abaño, Max Balatbat, Ged Unson Merino, Jon and Tessy Pettyjohn, Filipino diaspora artists from Berlin-based Sa Tahanan Co. collective, Spanish artist Ampparito, and four late Filipino masters: Brenda Fajardo, Constancio Bernardo, Solomon Saprid, and Romeo Tabuena.

-

“There’s a wonderful variety in our Projects section this year. We have so many featured artists each year — sometimes six, sometimes eight — and this time we have 11,” Ms. Periquet said. “There’s social realism, geometric abstraction, printmaking, installation art, ceramics. There’s really a variety.”

-

The ArtFairPH/Residencies section this year will welcome Anne-Laure Lemaitre as the curator for the residency grant. An independent curator and producer based in New York, Ms. Lemaitre is recognized for her work in cross-disciplinary projects and her expertise in navigating the intersection of public art, technology, and cultural storytelling. Applications are now officially open, inviting artists to engage in this transformative cross-cultural dialogue.

-

This year’s ArtFairPH/Talks, handled by the Ateneo Art Gallery and the Museum Foundation of the Philippines, will present daily discussions that dive into the evolving art landscape, including project artists’ work at the fair and experts’ views on art collecting and the art market. Speakers and specific topics for the 2026 sessions will be announced on the fair’s website.

-

Now on its fourth year, the ArtFairPH/Digital section will feature painter and graphic artist TRNZ’s animated short film The Keeper, created in collaboration with Fleet Studios. It explores “the gravity of pressure in our society, and how important things fall through the cracks in pursuit of success, accolades, and external validation.”

-

There will also be an immersive installation by TLYR Collective. It will center on the theme of “digital alchemy,” where the fluidity of identity in virtual spaces is explored and the boundary between physical and simulated is challenged using generative art and augmented reality.

-

10 DAYS OF ART
-
Complementing the fair is the 10 Days of Art initiative, a series of events, public installations, and museum openings held around Makati City from Jan. 30 to Feb. 8.

-

Some of the public art include a usable carousel of fantastical creatures by Ronald Ventura at Ayala Malls Circuit, an interactive piece called Signs and Intimations by Alfredo and Isabel Aquilizan at the Fountain Area of Ayala Tower One, and Nagsasalitang Ulo by Mich Dulce and Art 2 Wear by Joel Wijangco, both at Greenbelt 5.

-

Photography collective FotomotoPH will also transform the Paseo Underpass into a display of local photography, while Isaiah Cacnio will present his digital work Between Thoughts on the walls of the One Ayala Mall Terminal, the Glorietta 4 Cinema, the Glorietta Activity Center, Greenbelt 4, and Circuit Mall Makati.

-

A regular day pass to the fair is P750. Tickets for students, senior citizens, and PWDs with valid IDs are P500. Makati students and teachers with valid IDs can get tickets for a discounted price of P300.

-

Tickets can be purchased in advance at www.artfairphilippines.com. They will also be available at the reception area for the duration of the event. For more information, visit the Art Fair Philippines website and follow Art Fair Philippines on Instagram (@artfairph) and Facebook (www.facebook.com/artfairph). — Brontë H. Lacsamana

-]]>
- - - - https://www.bworldonline.com/wp-content/uploads/2026/01/AFP-2026-POSTER-A-thumb-300x200.jpg
- - PSEi may approach 7,000 in 2026 on supportive macro, regulatory factors — ICCP - https://www.bworldonline.com/corporate/2026/01/21/725441/psei-may-approach-7000-in-2026-on-supportive-macro-regulatory-factors-iccp/ - - - Tue, 20 Jan 2026 16:08:17 +0000 - - - - https://www.bworldonline.com/?p=725441 - - - THE PHILIPPINE Stock Exchange index (PSEi) may approach the 7,000 mark this year, supported by falling interest rates, steady economic conditions, and regulatory reforms, according to the Investment & Capital Corporation of the Philippines (ICCP).

-

ICCP President and Chief Operating Officer Manny Ocampo said he is “cautiously optimistic” about the market but warned that full-year 2025 corporate results could trigger short-term volatility.

-

“We are cautiously optimistic for the market, maybe looking at the PSEi hitting 7,000 for 2026, bearing no big negative surprises,” he said in a statement on Tuesday.

-

The PSEi closed at 6,052.92 on Dec. 29, 7.3% lower than the 6,528.79 close on Dec. 27, 2024. However, the benchmark index recently staged a strong rebound, rising 1.52% or 97.72 points to 6,487.53 on Jan. 15, its highest finish in six months. The broader all-share index also gained 0.68% or 24.76 points to 3,660.7.

-

Mr. Ocampo said the recent rise in the PSEi reflects a “catch-up” phase compared with regional peers, noting that market momentum could build further barring major external shocks.

-

He also noted that slower business activity in certain sectors and unforeseen disruptions could lead to temporary swings.

-

From a macroeconomic perspective, 2026 is expected to be a year of consolidation, he said, with inflation projected by the Bangko Sentral ng Pilipinas (BSP) to accelerate to 3.2% before cooling to 3% in 2027, gross domestic product growth forecast at 5.5%-6.5%, and interest rates set for another 25-basis-point (bp) reduction.

-

The BSP on Dec. 11 delivered a fifth straight 25-bp reduction in benchmark interest rates, bringing the policy rate to an over three-year low of 4.5%. It has lowered borrowing costs by a total of 200 bps since its rate cut cycle began in August 2024.

-

“Starting this year, we will see a lot of the renewable energy projects coming online. That should have a positive impact on energy costs overall,” Mr. Ocampo said, citing the ongoing shift toward non-fossil fuel energy.

-

Regulatory reforms are also expected to provide a boost to the market.

-

Recent changes to real estate investment trusts (REITs) rules expand eligible income-generating assets beyond traditional offices and malls to include tollways, water systems, data centers, telecom towers, and other infrastructure, the ICCP noted.

-

The Securities and Exchange Commission (SEC) has also extended reinvestment deadlines and strengthened disclosure and governance requirements.

-

The Philippines currently has eight listed REITs covering offices, hotels, malls, land, renewable energy, and infrastructure segments, including AREIT, Inc., DDMP REIT, Inc., Filinvest REIT Corp., RL Commercial REIT, Inc., MREIT, Inc., VistaREIT, Inc., Citicore Energy REIT Corp., and Premier Island Power REIT Corp.

-

In addition to REITs, ICCP is monitoring potential initial public offerings (IPOs) this year.

-

The PSE is targeting four potential listings this year, doubling last year’s two IPOs.

-

Companies that are eyeing going public, according to the exchange, include electronic wallet platform GCash and PNB Holdings Corp.’s planned listing by way of introduction.

-

On Tuesday, the PSEi went down by 1.31% or 84.92 points to close at 6,352.86, while the all shares index declined by 1.02% or 37.39 points to finish at 3,606.81. — A.G.C. Magno

-]]>
- - - - https://www.bworldonline.com/wp-content/uploads/2022/07/PSE-trading-floor-traders-300x200.jpg
- - Art as ‘pure intention’ at the Singapore Biennale - https://www.bworldonline.com/arts-and-leisure/2026/01/21/725339/art-as-pure-intention-at-the-singapore-biennale/ - - - Tue, 20 Jan 2026 16:07:30 +0000 - - - - https://www.bworldonline.com/?p=725339 - - - + Grace had always been that friend — the one whose vanity cabinet looked like a miniature skincare lab. Toners from Japan, serums from Korea, creams from the US — each promising radiant, youthful skin. But one day, standing in front of her mirror, she realized that despite all her knowledge and devotion, something had gone missing — clarity.

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Between countless “miracle” facials that promised similar results and the steep price tags  attached to good skin, things stopped making sense. Treatments were too painful, too time-consuming, and too expensive to feel sustainable. Grace wasn’t alone. Her friends, fellow skincare lovers juggling work, family, and everything in between, were feeling it too.

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So, she started asking one simple question — what if good skin didn’t have to be complicated?

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Skin Republic Three Central Mall branch in Makati
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The Birth of a Republic

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With that question, Skin Republic was born — not as a place, but as a belief. Great Skin made simple — accessible to everyone through bright, firm, hydrated skin. A place where great skin could be simple, smart, and accessible. Grace and her team envisioned a world where everyone could have skin that’s bright, firm, and hydrated — the three building blocks of truly great skin.

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+ @@ -415,7 +63,7 @@ This year’s edition aims to have “greater spatial flexibility and a more int
+
+
+
@@ -461,87 +120,94 @@ This year’s edition aims to have “greater spatial flexibility and a more int -

From museum halls to Lucky Plaza, art unfolds where lives are actually lived.

-

By Lito B. Zulueta

-

RUNNING since Oct. 31, 2025 until March 29 this year, the 8th edition of the Singapore Biennale coincidentally becomes part of Singapore Art Week on Jan. 22-31, unfolding across the city with a quiet but firm confidence. Commissioned by the National Arts Council and organized by the Singapore Art Museum (SAM), the Biennale marks Singapore’s 60th year as a nation while reaffirming its status as a major platform for contemporary art in Southeast Asia.

-

With the theme, “Pure Intention,” the biennale extends across five key locations — the Civic District, Wessex Estate, Tanglin Halt, Orchard Road, and SAM at Tanjong Pagar Distripark — transforming both familiar and overlooked spaces into sites of reflection, encounter, and critique.

-

The theme “pure intention” resists spectacle for spectacle’s sake. According to the curatorial team (Duncan Bass, Hsu Fang-Tze, Ong Puay Khim, and Selene Yap), the Biennale asks how art can help people see the city anew by engaging deeply with space, history, identity, and transformation.

-

Rather than presenting grand gestures, the exhibition privileges embeddedness: art situated within lived environments, attentive to everyday rhythms, and responsive to social realities. SAM Director Eugene Tan explained that when art is woven into the environment, it allows audiences to imagine possible futures collectively, grounded in the city’s layered past.

-

ORCHARD ROAD
-
Nowhere is this more palpable than along Orchard Road, Singapore’s iconic shopping belt.

-

At Lucky Plaza, Filipino artist Eisa Jocson presents The Filipino Superwoman X H.O.M.E. Karaoke Living Room, an installation developed in collaboration with Filipino domestic workers.

-

Transforming a shop unit into a familiar Filipino living room, the work invites visitors to sing karaoke to newly produced videos that foreground resilience, humor, and collectivity.

-

The choice of Lucky Plaza is crucial: on Sundays, it becomes the principal social hub for Filipina domestics on their day off, making Jocson’s work inseparable from the lived realities of care, labor, and migration.

-

Jocson’s background as a choreographer, dancer, and visual artist deeply informs this project. Known for works such as “Death of the Pole Dancer,” “Macho Dancer,” and “Host,” Jocson interrogates how bodies — especially Filipino bodies — are disciplined, commodified, and mobilized within global economies of entertainment and service.

-

Her Lucky Plaza installation resonates her “Happyland” series, particularly Princess (2017), which exposed Filipino labor through a Disneyland performance. Both works show how joy, hospitality, and performance are demanded forms of labor, masking structural inequities beneath smiles and spectacle.

-

Nearby, in another mall unit, Singaporean filmmaker Tan Pin Pin’s installation juxtaposes two moving images: footage of Inuka, Singapore’s first polar bear born in captivity, swimming endlessly within an artificial Arctic enclosure; and 80km/h, a work updated annually using dashcam footage that maps the city’s relentless drive toward efficiency. Together, they stage a tension between the biological and the engineered, between cyclical life and bureaucratic speed, suggesting that progress is neither seamless nor innocent.

-

SAM AT TANJONG PAGAR
-
From Orchard Road, the Biennale’s contemplative arc leads to SAM at Tanjong Pagar Distripark. Here, history, technology, memory, and desire intersect across multiple galleries.

-

At the entrance, CAMP’s Metabolic Container transforms a shipping container into a living archive of trade, filled with everyday goods moving weekly between Singapore and Batam, Indonesia nearby.

-

Inside, Paul Chan’s Khara En Tria (Joyer in 3) animates the foyer with brightly colored figures that sway and inflate, reimagining classical ideas of the body through movement and air.

-

Gallery 1 brings together works that unsettle linear narratives of progress.

-

Pierre Huyghe’s Offspring uses AI to orchestrate light, smoke, and sound in response to environmental changes and visitor presence, creating an ever-shifting ecosystem.

-

Álvaro Urbano’s metallic plants evoke orchid diplomacy and plantation histories, while Cui Jie’s Thermal Landscapes paints watchtowers as surreal monuments to modernist aspiration.

-

Ju Young Kim’s hybrid sculptural forms merge aircraft components with Art Nouveau glass, reflecting on desire and displacement in an age of mobility.

-

LOST CULTURAL SPACES
-
Among these, Ming Wong’s Filem-Filem-Filem stands out for its quiet poignancy. Composed of digitally manipulated photographs presented in Polaroid form, the series documents abandoned and repurposed cinemas across Singapore and Malaysia.

-

Hyperreal yet deeply nostalgic, the images capture the faded grandeur of cinema architecture, evoking a collective memory of film-going as communal ritual. In a Biennale concerned with intention and continuity, Wong’s work gently mourns cultural spaces lost to redevelopment while affirming their lingering emotional power.

-

Overall, the Singapore Biennale’s 8th edition confirms its role as a sensitive barometer of contemporary art in Southeast Asia. If pure intention is measured by consistency — by sustained commitment rather than fleeting spectacle — then the SG Biennale demonstrates it through careful curatorship, site-responsive works, and ethical attentiveness.

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Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

+

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

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- https://www.bworldonline.com/wp-content/uploads/2026/01/Tan-Pin-Pins-On-a-Clear-Day-You-Can-See-Forever-juxtaposes-footage-of-Inuka-Singapores-first-polar-bear-born-in-captivity-and-the-citys-relentless-drive-toward-efficiency-300x200.jpg
+ https://www.bworldonline.com/wp-content/uploads/2026/01/2-OL-1-240x300.jpg - Hotel101 to build 766-room condotel in Melbourne as part of global expansion - https://www.bworldonline.com/corporate/2026/01/21/725440/hotel101-to-build-766-room-condotel-in-melbourne-as-part-of-global-expansion/ + PHL women’s healthcare five years behind other SEA countries – expert + https://www.bworldonline.com/health/2026/01/23/726115/phl-womens-healthcare-five-years-behind-other-sea-countries-expert/ - Tue, 20 Jan 2026 16:07:16 +0000 - - - - https://www.bworldonline.com/?p=725440 + Fri, 23 Jan 2026 08:38:43 +0000 + + + https://www.bworldonline.com/?p=726115 - - HOTEL101 GLOBAL HOLDINGS Corp., the Nasdaq-listed hospitality arm of DoubleDragon Corp., is expanding its overseas presence with a 766-room condotel project in Melbourne, Australia, which will be the largest hotel in the city by room count.

-

In a statement on Tuesday, the company said it signed definitive agreements to develop the condotel, which is slated for completion in 2029.

-

Hotel101-Melbourne, located in the city’s central business district (CBD), is projected to generate A$323.6 million (around P12.6 billion) in total sales revenue once fully sold.

-

The property is near landmarks such as Federation Square, Flinders Street Station, the Yarra River, and the Southbank entertainment precinct.

-

“This strategic site positions the property as an ideal hub for leisure and business travelers seeking seamless access to Melbourne’s cultural, commercial, and sporting hubs and will complement the existing premium hotel offerings in the CBD,” the company said.

-

The condotel will offer four-star amenities at affordable rates, including meeting spaces, a conference center, modern rooms, 24/7 reception, all-day dining, swimming pool, gym, business center, kids’ pool, rooftop bar, parking, and luggage storage, in line with Hotel101’s global offerings.

-

The development is subject to standard approvals from national, regional, and municipal regulators, the company noted.

-

Hotel101 currently operates nine properties in the Philippines and is developing projects in Hokkaido, Madrid, and Los Angeles.

-

In November, the company signed a joint venture to build a 429-room condotel on a 1.4-hectare site in San Donato Milanese, marking its second European project amid accelerated international expansion.

-

In May, Hotel101 also signed an agreement with Saudi Arabia’s Horizon Group to develop 10 hotels in the kingdom.

-

The Melbourne project is part of Hotel101’s plan to establish a presence in 25 countries over the next three years, with a long-term goal of operating one million rooms across 100 markets.

-

DoubleDragon remains the only Philippine company with a unit listed on Nasdaq. Hotel101 Global had a market capitalization of about $2.34 billion (P139 billion) as of Jan. 16.

-

At the local bourse on Tuesday, DoubleDragon shares rose 2.91% to P9.55 apiece. — Alexandria Grace C. Magno

+ + An expert said on Thursday that women’s healthcare in the Philippines lags five years behind other Southeast Asian countries, raising concerns about accessibility and awareness.

+

“The healthcare industry here, particularly women’s health, has so much potential to be filled and to be so much opportunity for growth and also for development,” Carol Joanna Violago-Olivarez, founder and chief executive officer of Eluvo Health, told BusinessWorld in an interview.

+

“We’re already five years behind our Southeast Asian neighbors and global institutions. It’s just a matter of bringing in what’s there already and putting it here,” she added.

+

Data from the Hologic Global Women’s Health Index Year 4 Global Report revealed that the Philippines ranked 109th out of 141 countries, scoring 45 points. This is a 3-point decline on the year-over-year score index.

+

In the East and Southeast Asian region, Taiwan ranked the highest globally with 68 points, followed by Singapore with 64 points. Japan and Vietnam trailed behind with 62 points.

+

The global index aims to measure women’s health through five categories, including preventive care, emotional health, opinions of health and safety, basic needs, and individual health.

+

The Philippines scored 16 points in preventive care, 57 points in emotional health, 75 points in opinions of health and safety, 30 points in basic needs, and 71 points in individual health.

+

“I would say that our experience in training, when it comes to our exposure in public hospitals and private hospitals… I feel that the level of our expertise is very much at par with international,” Ms. Olivarez said.

+

“There’s so much potential for us because we have the best compassionate healthcare providers in the world,” she added.

+

The awareness and accessibility in women’s health are linked to the country’s culture as a conservative nation, with over 80% of the population identifying as Catholic.

+

“It goes back to the idea that women came from that perception that you only need to get checked when you’re pregnant. In fact, it shouldn’t be even reactive,” she said. “We should be getting ourselves checked because that’s how we empower ourselves.”

+

“I have to say, this is even something that we don’t fully touch up on during our training. The community awareness, training, and also culture,” she added.

+

Eluvo Health
+
Eluvo Health clinic, launched on Thursday, aims to address the gaps in women’s health and how Filipinas receive their wellness needs.

+

“Eluvo is for the modern women who want to be the best that they can be and who takes control of their health,” Ms. Olivarez said.

+

“Even from the design…we want it to be something that women are proud to go to. Like, you’re not embarrassed to go,” she added. “It’s like, I’m going here because I’m this level of wealth, this is me taking control of my health.”

+

The clinic offers services including fertility, maternal health, family planning, sexual health, and hormone health, among others, ranging from P3,000 to P90,000.

+

In Q2 of 2026, Eluvo will open its second branch in Quezon City and a third branch in Makati by Q3 to Q4.— Almira Louise S. Martinez

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+ https://www.bworldonline.com/wp-content/uploads/2026/01/IMG_8498-1-300x225.jpeg - Masters on display at Galleria Duemila - https://www.bworldonline.com/arts-and-leisure/2026/01/21/725338/masters-on-display-at-galleria-duemila/ + Review: REDMI Note 15 Pro 5G + https://www.bworldonline.com/technology/2026/01/23/726084/review-redmi-note-15-pro-5g/ - Tue, 20 Jan 2026 16:06:30 +0000 - - - - https://www.bworldonline.com/?p=725338 + Fri, 23 Jan 2026 07:03:54 +0000 + + + https://www.bworldonline.com/?p=726084 - + #tdi_2 .td-doubleSlider-2 .td-item1 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/Galleria-Duemila-20260110_125319-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/sample-IMG_20260115_100742-80x60.jpg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item2 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/Galleria-Duemila-20260110_123018-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/sample-IMG_20260115_102421-80x60.jpg) 0 0 no-repeat; + } + #tdi_2 .td-doubleSlider-2 .td-item3 { + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/sample-IMG_20260115_110436-80x60.jpg) 0 0 no-repeat; + } + #tdi_2 .td-doubleSlider-2 .td-item4 { + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/sample-IMG_20260115_114151-80x60.jpg) 0 0 no-repeat; } @@ -551,7 +217,7 @@ This year’s edition aims to have “greater spatial flexibility and a more int
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FOR THE PAST 50 years, Galleria Duemila has been shaping the contemporary art scene by nurturing deep friendships with Filipino artists through exhibits and gatherings.

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Silvana Ancellotti-Diaz founded the gallery on Dec. 5, 1975, out of sheer curiosity to meet artists and an eventual drive to celebrate contemporary art in the Philippines. Through the intervening years, Galleria Duemila has worked with hundreds of artists, mounted around 600 exhibitions (holding monthly shows throughout its 50 years), and housed thousands of artworks.

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As part of its 50th anniversary celebration, the gallery has mounted an exhibit called AVANTI, SEMPRE AVANTI / FORWARD, ALWAYS FORWARD which is ongoing until March 14. It is a masters collection, featuring 37 artists that represent symbiotic relationships that blossomed into life-long friendships with Ms. Ancellotti-Diaz.

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“There is a responsibility to treasure what we have. For me, it is really important that you put together everything like this. If you don’t give importance to it, it disappears,” she said at the exhibit preview on Jan. 10.

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The exhibit showcases a range of paintings, mixed media, works on paper, and sculptures that have never or rarely been seen by recent generations of artists, collectors, arts appreciators, art students, and educators.

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The featured artists include Leopoldo Aguinaldo II, Ray Albano, Augusto Albor, Nunelucio Alvarado, Agnes Arellano, Santiago Bose, Benedicto “Bencab” Cabrera, Eduardo Castrillo, Roberto Chabet, Charlie Co, Ramon Manuel De Leon, Duddley Diaz, Lamberto Hechanova, Jose Joya, Lao Lianben, Raul Lebajo, Cesar Legaspi, Arturo Luz, Jerry Elizalde Navarro, Justin Nuyda, Hernando R. Ocampo, Manuel Ocampo, Romulo Olazo, Onib Olmedo, Imelda Pilapil, Mauro “Malang” Santos, Solomon Saprid, Nestor Vinluan, and Betsy Westendorp.

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STORIES
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Ms. Ancellotti-Diaz toured the media around during the preview, her razor-sharp memory allowing her to explain the context behind each work’s importance. She could point out how a seascape by the late National Artist Cesar Legaspi reflects his own unique approach to cubism; detail how rare paintings by another National Artist, Federico Aguilar Alcuaz, and Juvenal Sanso were inspired by their time abroad; and discuss how works by many women artists represent tumultuous points in their lives, such as Julie Lluch’s Cactus sculptures and Phyllis Zaballero’s painting Sea Horizon I.

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She fondly selected each of the pieces alongside the exhibit’s curator Angel Velasco-Shaw, who recalled how the process was “extremely difficult given the thousands of artworks we could choose from.”

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Some works are there because of how integral they were to the start of Ms. Ancellotti-Diaz’s journey in the arts. Her sister-in-law Isabel Diaz’s work Anxiety of Motherhood represents the very first exhibit she organized in the country, with the Miladay Art Center. A sculpture by Lebanese artist May Baddour comes from the very first exhibit that Galleria Duemila mounted in 1976.

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“My father-in-law, who’s a businessman, who gave me the P20,000 to put up a gallery, told me that this is the worst investment he’d ever done in his life!” she recalled.

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Today, Galleria Duemila is the oldest running commercial art gallery in the Philippines.

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Another piece in the exhibit that she’s proud of is Pacita Abad’s Rolling Stones, an important work that was part of the artist’s last exhibition with the Cultural Center of the Philippines, before she succumbed to cancer in 2004.

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Ms. Ancellotti-Diaz also pointed out Luis “Junyee” Yee, Jr.’s Cosmic Snake, as proof of how he was capable of making “unbelievable installations” that she hopes will one day land him recognition as a National Artist.

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A HISTORY
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The artworks on view span from 1957 to 2018, culled from Galleria Duemila’s vast collection and archival treasure trove. They are a small sampling of works from the Philippine modern art scene. One corner in the gallery has documentation of old exhibitions and events, which is an integral part of their thrust to “protect the transmission of knowledge.”

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Walkthroughs and panel discussions featuring writers and artists will be scheduled from January to March. They will be open to the public, with details to be announced online.

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“Silvana is an important figure who was able to bring Philippine art out into the world. She is proof of the importance of patronage, of how we need to grow art from the ground up, by giving it the support that it needs,” said curator Ms. Velasco-Shaw.

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As for how Galleria Duemila has become an important institution in an evolving contemporary art scene, Ms. Ancellotti-Diaz explained that she never expected such success.

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In the 1970s, her only goal was to widen her network, which she did by attending exhibitions, joining conferences and workshops, and becoming acquainted with members of the Saturday Group of artists.

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“As a foreigner, an outsider, my priority was to get to know the artists, their works, their vision, what brought them to paint. I learned the ropes,” she said.

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Ms. Velasco-Shaw added that “the language of art is in the heart,” seen in how the lines between insider and outsider can blur as people pursue avenues of exchange and patronage.

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A BOOK
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In the pipeline is a book chronicling Galleria Duemila’s journey and Ms. Ancellotti-Diaz’s contributions to the art scene. It will include insights from different art writers, like Cid Reyes, Patrick Flores, and Eileen Legaspi Ramirez.

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“The idea of the book is to create something for the past, present, and future. Silvana is a very strong advocate for the relationship between art, culture, and education, to create a greater appreciation of the arts for everyone,” she said.

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In the meantime, the exhibit AVANTI, SEMPRE AVANTI / FORWARD, ALWAYS FORWARD is on view at Galleria Duemila, located at 210 Loring St., Pasay City. — Brontë H. Lacsamana

+

XIAOMI Corp. last week launched in the Philippines its latest mid-range smartphones, the REDMI Note 15 Series, consisting of five devices with Pro and base models and both 4G and 5G versions, offering a variety of choices to fit different budgets and needs.

+

The brand lent BusinessWorld a unit of one of the three Pro models of the series, the REDMI Note 15 Pro 5G (8GB+256GB), for this review. The device’s suggested retail price starts at P19,999. Discounts and freebies for customers are available until Feb. 8.

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Besides the phone and the usual documentation, included in the box are a 45-watt (W) two-round-pin charging adapter, a USB-A to USB-C cable, and a protective case for the device.

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Using the provided charger and cable, it took a little over an hour to get the REDMI Note 15 Pro 5G’s 6,580mAh silicon-carbon battery 100% from 20%.

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The battery is one of the standout features of this phone for me. For a three-day media trip with Xiaomi to Cebu for the launch of the REDMI Note 15 Series, I only needed to recharge the phone once — and that was with heavy use of its cameras during a city tour and also for typical social media browsing. With typical use, I’d say you can get one to two days out of a full charge.

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A bonus: the REDMI Note 15 Pro 5G also supports up to 22.5W wired reverse charging via USB-C. Xiaomi also says this battery is designed with technology that can make its life last up to six years.

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Another feature that shines is the screen. The REDMI Note 15 Pro 5G has a 6.83-inch 1.5K CrystalRes AMOLED display that has a refresh rate of up to 120Hz, which supports a peak brightness of up to 3,200 nits. This made the phone very easy to use during the daytime, especially under direct sunlight — no need to shield the screen just to see what’s on it. Visuals are also clear and crisp, and color reproduction is vivid. The screen is also very responsive, and its flat design is a plus for me.

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When watching videos or listening to music, the REDMI Note 15 Pro 5G’s dual speakers, which have Dolby Atmos support, have great audio quality, making for an immersive experience. Even when using 400% volume boost, there is only minimal distortion.

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The phone’s overall design and form factor also makes for a good user experience. The flat side edges with rounded corners make it easy to grip for prolonged periods of time, even for a relatively large phone, as the device is thin and light. It also looks and feels premium.

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Powered by a MediaTek Dimensity 7400-Ultra chipset, the phone delivers a smooth performance for typical use cases like social media browsing, watching videos, and even light gaming, making it a great mid-range daily driver.

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Software-wise, the phone runs on HyperOS 2.0 and has a simple and clean interface, and it also offers several AI features, including image editing tools. It does come with some preloaded apps and bloatware, but all of these are easy to uninstall if you find them unnecessary.

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The REDMI Note 15 Pro 5G features a dual-camera setup at the rear with a new 200-megapixel (MP) ultimate-clarity main sensor with optical image stabilization and an 8MP ultra-wide lens. Even without a telephoto lens, the phone captures sharp images with great details and colors. It performs very well when used outdoors in the daytime. During the night or indoor conditions with challenging lighting, as well as when using Ultra HD mode, image processing can get a tad slower than usual.

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There are also several shooting modes that can cater to both casual and more advanced users. I especially liked tinkering with Pro Mode (which allows you to use or save parameter presets), especially for night shots.

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Now for another of the REDMI Note 15 Series’ main selling points — its Titan Durability — the phone has IP66/IP68/IP69/IP69K dust and water resistance ratings, as well as drop resistance certification. Its display is also made with Corning Gorilla Glass Victus 2.

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I subjected the REDMI Note 15 Pro 5G to simple drop and water tests, and unsurprisingly, the review unit survived these. One drop test on floors made of hard tiles did result in small dents in the phone’s rear camera panel but did not affect its performance.

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Of course, only time will tell just how much (intentional and accidental) beating this phone can take, but its “Titan Tough” build can give users peace of mind — especially at a time when smartphones are set to become more expensive due to the surge in memory chip costs fueled by growing AI demand. Customers also get a four-year battery replacement warranty, two-year liquid damage coverage and front and back cover replacement, and a comprehensive two-year overall warranty.

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With its durability and long battery life, the REDMI Note 15 Pro 5G is a very capable daily driver for those who want a smartphone that can deliver great performance at a competitive price. — Bettina V. Roc

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+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/main-IMG_8335-300x225.jpg
+ + Pit Señor! Toyota Motor Philippines celebrates Sinulog with Coco Martin + https://www.bworldonline.com/spotlight/2026/01/23/726093/pit-senor-toyota-motor-philippines-celebrates-sinulog-with-coco-martin/ + + + Fri, 23 Jan 2026 07:00:25 +0000 + + + + + + https://www.bworldonline.com/?p=726093 + + + Toyota Tamaraw Ambassador pays homage to Sinulog +

Toyota Motor Philippines (TMP) brought extra excitement to this year’s Sinulog celebration by welcoming Coco Martin to Cebu City during the festival weekend. Through this, TMP highlighted its support for local traditions and its commitment to engaging communities across the Philippines.

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Festival-goers were treated to a memorable experience, seeing Coco Martin up close as he joined the festivities, bringing energy and star power to the vibrant celebration.

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For Coco Martin, the Sinulog is not only a fiesta but also an occasion for people to unite in prayer and set aside differences.

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Coco Martin shines during his Sinulog Grand Parade appearance.
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Ramdam mo dito yung tibay ng loob at pananampalataya ng mga Cebuano (You feel the Cebuanos’ inner strength and faith),” he said during his visit to Cebu City on Sinulog weekend.

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TMP’s initiative not only amplified the spirit of Sinulog but also created meaningful connections with the people of Cebu.

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TMP and Coco Martin timed his Next Generation Toyota Tamaraw Roadshow with the Sinulog celebration, held every third weekend of January in Cebu, to be one with the Cebuano devotees. He proudly carries his badge as the Tamaraw Next Generation ambassador, enthusiastically going from one city to another to engage with the Tamaraw customers and his fans.

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Cebu City was his fourth stop after Cagayan de Oro City, Tacloban City, and Marilao, Batangas. He has more cities to visit in the months ahead.

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He likens the strong and persevering faith of the people of Cebu to the durability and reliability of the Tamaraw Next Generation. A devout Catholic, the actor/filmmaker who is behind the TV hit series FPJ’s Ang Probinsyano and FPJ’s Batang Quiapo, has a strong devotion to the Black Nazarene.

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Coco Martin meets with the customers of Toyota Mabolo and fields questions about the Tamaraw from the Cebu media.
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Toyota Motor Philippines (TMP) brought Coco Martin closer to Cebuano fans during the Sinulog weekend, starting with a meet-and-greet at the Toyota Mabolo showroom with Toyota Tamaraw customers. He then entertained mallgoers with lively performances, trivia games, and photo opportunities, even trying the steps of the traditional Sinulog dance. The weekend culminated with Coco joining the Grand Parade aboard a “Next Generation Toyota Tamaraw” float organized by Toyota Team Cebu, braving intermittent weather to experience the Sinulog beat and delight the street crowd.

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The Next Generation Toyota Tamaraw utility van, launched in 2024, has quickly become a popular choice among micro, small, and medium enterprises (MSMEs), start-ups, and those familiar with the early Tamaraw FX. With its design customizability, fuel efficiency, and affordability, the Tamaraw is now increasingly seen on roads nationwide, supporting nation-building by enabling better mobility and empowering MSMEs to grow their businesses.

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Eric Ong (leftmost) and his family receive the ceremonial key to their Tamaraw FX from
Tamaraw Ambassador Coco Martin (in brown jacket) at the Toyota Mabolo showroom on Sinulog weekend.
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Cebu businessman Eric Ong has just bought his second Tamaraw, the 2.4 GL Utility Van DSL AT. He already has the Dropside DSL A/T variant that he uses for his construction business, Worldwide Builders.

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He said he had waited for the 2.4 GL Utility Van DSL AT automatic transmission because it is more efficient to drive than a vehicle with manual transmission. Also, when he needs to load purchases of auto parts needed for his EGO Taxi fleet, the FX provides security for his cargo. And, he added, human passengers can safely ride in the Tamaraw FX.

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Christine and Marc Lin (first and second from left) and their son (fourth from left) receive the ceremonial key to their Tamaraw FX from Tamaraw Ambassador Coco Martin (center) at the Toyota Mabolo showroom on Sinulog weekend. With them is their agent Jinggoy Olvido.
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Marc and Christine Lin just bought a Tamaraw FX DSL A/T, intending it for their restaurant business especially for delivery. They said they find the Tamaraw “sturdy and reliable.”

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The Ongs and the Lins received the ceremonial keys to their Tamaraw FX from Coco Martin at the Toyota Mabolo showroom on Jan. 17.

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The FX is the first and only utility van with automatic transmission across all brands in the Philippine market today, according to Toyota Mabolo.

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Lester Alferez (left) bought a Tamaraw because he wanted a more efficient delivery of his coffee beans and other supplies for his business. With him is his agent Jay Naparate.
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Lester Alferez, who is in the coffee industry, found the Tamaraw “a reliable vehicle that can handle daily work in the shop.”

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“It’s strong, practical, and perfect for our coffee business needs,” he said.

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Toyota has rolled out new colors for the Tamaraw utility van: greyish blue metallic and super red for the Tamaraw FX DSL MT and super red for the Tamaraw Dropside DSL AT.

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To learn more about Next Generation Tamaraw, visit https://www.toyota.com.ph/tamaraw or inquire at your nearest Toyota dealership.

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Follow Toyota Motor Philippines onFacebook,InstagramandX, and join the ToyotaPH community onViberto get the latest updates on products, services, and promos.

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Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

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Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

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+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/1-OL-300x200.jpg
+ + Poor student literacy rates seen weighing on PHL economic growth + https://www.bworldonline.com/education/2026/01/23/726079/poor-student-literacy-rates-seen-weighing-on-phl-economic-growth/ + + + Fri, 23 Jan 2026 05:03:55 +0000 + + + + https://www.bworldonline.com/?p=726079 + + + By Almira Louise S. MartinezReporter

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The Philippines may experience an economic slowdown fueled by the low proficiency levels of students, as literacy rates in both local and international assessments decline.

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“A decline in literacy weakens human capital, lowers workers’ ability to adapt to technology, and limits movement into higher-value jobs,” John Paolo R. Rivera, senior research fellow at the Philippine Institute for Development Studies (PIDS), told BusinessWorld in a Viber message.

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“If this trend is not reversed, the Philippines risks slower long-term growth, weaker competitiveness, and deeper inequality, as more Filipinos remain trapped in low-skill, low-pay work while other countries move up the value chain,” he added.

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The foundational learning crisis has been a long-term problem for the country for at least 30 years, according to the Second Congressional Commission on Education (EDCOM 2).

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“If you see our curriculum for the past three decades, it’s very ambitious, it’s very aspirational. You go from so many types of literary texts, you study poems, short stories, extended essays,” EDCOM 2 Executive Director Karol Mark R. Yee told BusinessWorld in an interview.

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“But (it) turns out our challenge was illiteracy and the lack of ability to comprehend complex texts,” he added. “We need a curriculum that adapts to the learner, and we need to strategize and prioritize because we can’t expect them to learn everything.”

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Functionally illiterate Filipinos on the rise
+Data from the agency showed that about 24.8 million Filipinos were functionally illiterate in 2025, nearly doubling from the 14.5 million in 1993.

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The same concern was evident in the 2024 Functional Literacy, Education, and Mass Media Survey (FLEMMS) report by the Philippine Statistics Authority (PSA), which showed 18.9 million Filipinos aged 10 to 64 were considered functionally illiterate.

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Functional illiteracy, as defined by the local statistics agency, is the ability to read, write, and compute, but lacks comprehension skills.

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One of the most alarming markers flagged by Mr. Yee is the poor performance of elementary students, specifically in grades 1 to 3, where 85% are struggling to read, and only 15% can read according to their grade level.

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“We need to focus on the foundation,” he said. “We really need literacy until grade 3 because without that, you cannot keep moving them up to further grade levels to learn the other complex tasks.”

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The SEA-PLM 2024 report
+In the 2024 Southeast Asia Primary Learning Metrics (SEA-PLM), Filipino grade 5 students were lagging in reading and mathematics within the region.

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The study revealed that only 13% of learners were considered to have reached the minimum reading proficiency, while 14% have reached the minimum proficiency in mathematics.

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“If you look at the global data, it is really declining, which is why we’re not the only ones saying there’s a crisis – almost all are facing their own crisis,” Mr. Yee said.

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“Except that for us, because this is perhaps the first time that we are confronting this… It is clear to us that we are not alone. There’s a lot of us, and many have already succeeded,” he added.

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Economic effects of the learning crisis
+The decades-long learning crisis will have lasting implications for the country’s future workforce, Federation of Free Workers President Jose Sonny G. Matula said. “If literacy rates keep falling, the long-term risk is that the economy becomes locked into low value-added work.”

+

“That means slower productivity growth, weaker ability to absorb technology, reduced competitiveness in higher-skill manufacturing and services, and greater inequality because fewer workers can move up the skills ladder,” he added in a Viber message.

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Mr. Matula noted that the industries that could be affected by workers lacking foundational literacy skills include manufacturing and production lines, construction, and OSH-sensitive work, logistics and inventory systems, customer handling and documentation services, and gig work where workers must navigate apps, terms, ratings, and digital pay systems.

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“At the macro level, declining literacy undermines human capital – so GDP growth becomes harder to sustain, more fragile, and less inclusive because productivity improvements stall,” he said.

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“A major gap is the tendency to treat literacy as a ‘school issue only’ when it is also a labor, economic, and social protection issue,” he added.

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Leonardo A. Lanzona, an economics professor at Ateneo De Manila University, said that roughly one year of schooling can lead to a 7% increase in wages. “We can perhaps infer that illiteracy is close to losing 7% of wages per year.”

+

Analysts underscored that persistent low learning outcomes could lead to significant economic losses.

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“Global studies suggest learning losses can cost countries several percentage points of GDP (Gross Domestic Product) over the long run through lower lifetime earnings, weaker productivity, and reduced tax revenues,” Mr. Rivera said.

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“For the Philippines, persistent poor literacy could mean billions of pesos in foregone income annually, especially as the economy becomes more digital and skills intensive.”

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Citing the data from the World Literacy Foundation in 2023, Ateneo Center for Economic Research and Development Director Ser Percival K. Peña-Reyes echoed similar worries, stating that lost earnings, reduced productivity, and limited employability caused by illiteracy could cost $4.72 billion or P277 billion annually.

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He added that the United Nations Children’s Fund (UNICEF) also warned of a potential $17 trillion in lost lifetime earnings for the current generation globally without intervention.

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“These numbers highlight the severe learning crisis in the Philippines, especially post-pandemic,” he told BusinessWorld in a Viber message.

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By 2028, Mr. Yee said EDCOM 2 is seeking around 30% improvement in the reading proficiency of grade 3 students, raising the grade-level readers from 43% to 75% within three years.

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Reforms underway
+“Our proposal is that by 2028, we hope that 75% of all of our grade 3 students are reading at their grade level,” he said. “That will be a very good start because it means that we have seriously undertaken the reforms needed.”

+

The Department of Education (DepEd) aims to address learning gaps through different education reforms and initiatives, such as the ARAL (Academic Recovery and Accessible Learning) program.

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The ARAL program, launched on Sept. 13, is mandated under Republic Act No. 12028 and aims to provide tutorial support for kindergarten to grade 10 learners in reading, mathematics, and science.

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In the 2026 budget for education, P8.93 billion will be allocated to the ARAL program to ensure learning gaps are addressed by “adequately trained and fairly compensated” tutors.

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2025/11/ad_S_Students-graduates-wc-OL-300x178.jpg
+ + New Google Gemini update enables beginners to create software + https://www.bworldonline.com/technology/2026/01/23/726069/new-google-gemini-update-enables-beginners-to-create-software/ + + + Fri, 23 Jan 2026 02:01:23 +0000 + + + https://www.bworldonline.com/?p=726069 + + + Multinational technology firm Google announced on Thursday a major update to its artificial intelligence (AI) model, Gemini, where users even beginners, can begin developing software through the new Google AI Studio.

+

​In a statement, the tech company said that through Google AI Studio, powered by Gemini 3, software development is now heading into an era of “vibe coding.”

+

​This means that the user can just provide a prompt or idea, while the AI, such as Google AI Studio, does the work by handling the code, visuals, and logic.

+

​Google said that, basically, even beginners with no programming background can create software with the new update.

+

​”We’re moving from a world where you have to write every line manually, to a world where you orchestrate,” said Logan Kilpatrick, group product manager at Google DeepMind, the company’s AI research lab.

+

​”The fundamental skills of critical thinking and creativity are becoming more valuable, not less,” he added.

+

​Google AI Studio can be accessed through the website aistudio.google.com. Upon visiting the website, there is a chatbox that allows the user to write a prompt for the desired software or application.

+

​Based on an initial attempt, the indicated prompt generated a working result in minutes, which is aligned with what Google claimed in its statement.

+

​Multimedia formats such as video, image, and audio inputs can also be uploaded to the platform and integrated into the generated application. Then it can deployed to Google Cloud with a single click, Google said.

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The tech giant  said that by removing traditional coding barriers, Google is empowering users such as students, educators, and entrepreneurs to focus on innovation, creativity, and real-world problem solving.

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​The Gemini app is being used by over 650 million users per month, according to Google’s report in November.— Edg Adrian A. Eva

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+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/google-ai-studio-300x182.jpg
+ + BIR to resume issuance of LoAs within Q1 + https://www.bworldonline.com/top-stories/2026/01/23/725961/bir-to-resume-issuance-of-loas-within-q1/ + + + Thu, 22 Jan 2026 16:34:38 +0000 + + + + + https://www.bworldonline.com/?p=725961 + + + THE BUREAU of Internal Revenue (BIR) may resume the issuance of letters of authority (LoA) within the first quarter, as the agency seeks to boost revenue collection.

+

Finance Secretary Frederick D. Go said tax audits should be resumed as the BIR seeks to meet its revised P3.431-trillion revenue target this year.

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“We need to resume that. We need that for revenue collection,” he told reporters on Wednesday evening.

+

An informed source said the BIR will likely resume LoA issuance within the first quarter.

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The LoA is a document from the BIR that allows an examiner to inspect taxpayer accounts. It is required before any tax audit can proceed.

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Last November, the BIR banned all field audits, including the issuance of LoAs, mission orders and examinations, following misuse allegations by business groups and lawmakers.

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“I must tell you that the Bureau of Internal Revenue (BIR) cannot also survive with these letters of authority suspended forever,” Mr. Go said during his speech at the Financial Executives Institute of the Philippines event on Jan. 21.

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The BIR collected only P3.11 trillion in 2025, missing its full-year target of P3.22 trillion.

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Data provided to journalists showed that the BIR has lowered its revenue collection target this year to P3.431 trillion, 4.14% lower than the previous goal of P3.579.9 trillion. However, it is 10.5% higher than the actual collection in 2025.

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“When we resume this (LoA) activity, we will reduce the number of departments within the BIR authorized to issue letters of authority, and reduce the number of letters of authority a taxpayer can receive in any given year,” Mr. Go said.

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Mr. Go said the BIR will also digitalize and institutionalize a data-driven audit selection process for LoA.

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“By leveraging automated risk-based modeling, we are creating a system that minimizes discretion and strengthens accountability. The keyword here is quality assessments, and we will not allow arbitrary or abusive audits,” he said.

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The BIR earlier announced preparations ahead of the suspension’s lifting to address concerns of businesses. Business groups have long complained that inconsistent audit practices create uncertainty and expose firms to potential abuse.

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BIR Commissioner Charlito Martin R. Mendoza has said the agency earlier established a Technical Working Group Review Committee on Assessment Integrity and Audit Reform following the suspension of tax audits.

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The committee is now in the final stages of completing the policy issuances that will guide audit procedures once the freeze is lifted, he said.

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Mr. Mendoza had said that once audits resume, taxpayers will have access to an LoA verifier through the BIR’s Chatbot REVIE, and a new policy will limit audits to one LoA per taxpayer.

+

He added that the agency will also implement a “revalida,” or audit‑the‑auditors system, to tighten accountability among revenue officers.

+

These reforms are part of the BIR’s five-point priority reform agenda, called BIR DARES, with audit reforms as its top priority.

+

DARES stands for Digital and Data Transformation, Audit Reform and Accountability, Revenue Collection and Base Protection, Employee Empowerment and Welfare Promotion, and Service Excellence and Stakeholder Engagement.

+

Meanwhile, the Bureau of Customs’ (BoC) 2026 collection target has also been lowered to P1.003 trillion, 1.07% below the original goal of P1.0138 trillion but 7.34% higher than the P934.4-billion actual collection last year.

+

Customs Commissioner Ariel F. Nepomuceno earlier said the agency missed its P958.71-billion target in 2025 due to slower import activity amid the rice import ban and the corruption scandal.

+

In addition, the government raised its nontax revenue collection target by 40.47% to P349.9 billion from its previous target of P249.1 billion.

+

For 2026, the collection target for other offices is pegged at P38.7 billion. — ARAI

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/Frederick-D.-Go-300x200.jpg
+ + Philippines falling short of its RE targets, says S&P Global + https://www.bworldonline.com/top-stories/2026/01/23/725960/philippines-falling-short-of-its-re-targets-says-sp-global/ + + + Thu, 22 Jan 2026 16:33:38 +0000 + + + + + https://www.bworldonline.com/?p=725960 + + + By Sheldeen Joy Talavera, Reporter

+

THE PHILIPPINES may not be able to hit its renewable energy (RE) targets on time due to grid constraints and challenges in securing permits, according to S&P Global.

+

Vince Heo, director of Asia-Pacific Power and Renewables Research at S&P Global, said that RE’s share in the national power mix may only reach 27% in the next four years and 50% by 2050.

+

“We are making a forecast. It’s our own view. It’s not based on our base case,” Mr. Heo told reporters on the sidelines of an event in Makati City on Wednesday.

+

S&P Global’s latest forecast falls short of the Philippines’ target to raise the share of renewables in the power generation mix to 35% by 2030 and 65% by 2050.

+

RE accounts for 25% of the country’s energy mix.

+

Coal still dominates the energy mix but the Philippines is trying to move away from fossil fuel and tapping renewables to have a cleaner and more sustainable source of power.

+

The Department of Energy (DoE) has been launching a series of green energy auctions (GEAs) to entice more developers to harness renewable energy sources, which has so far promised around 20 gigawatts (GW) of potential capacity.

+

Despite this, Mr. Heo said that there is still “a big gap” between the government targets and the green energy auction.

+

“They always disclose a very big number but when let’s say the GEA-4 was announced, we discounted the actual capacity to be installed knowing that there will be challenges in meeting all these targets,” he said.

+

“Let’s say all these solar projects, seven gigawatts are all operational, there’s an issue with dealing with this intermittency from solar and there’s not enough storage in the power grid,” he added.

+

Mr. Heo said this would likely push the country to rely more on “firm capacity” from coal and gas, which can provide round-the-clock power.

+

Earlier this year, the National Grid Corp. of the Philippines — the country’s sole grid operator — has called for “a more incisive and progressive policies” on the entry of variable renewable energy to ensure grid stability.

+

At the same time, Mr. Heo pointed out that the cost of financing a project in the Philippines is higher than in other countries.

+

“I think [the Philippines has] a WACC (weighted average cost of capital) estimation of about 10-11% for solar project which is about 3-4% higher than the other markets and that’s a big portion of your project,” he said.

+

Mr. Heo said the Philippines has higher country risk, making it difficult for international banks to finance projects in the Philippines.

+

“A lot of things on the government regulation, uncertainties in the transmission, etc. It’s much more clear and visible in other advanced markets than the Philippines,” he said.

+

Mr. Heo said the DoE’s termination of RE contracts is “good news,” as it shows the government is committed to transparency.

+

“I think it’s good that the government came out and announced this news so that everyone knows what’s happened and the consequences of not meeting the timeline,” he said.

+

The DoE earlier said it has terminated and relinquished 163 RE contracts, which is equivalent to nearly 18 GW of potential capacity, due to the failure of developers to implement these projects.

+

Also, Mr. Heo said the Philippines is attracting more foreign interest after it opened its RE market to 100% foreign ownership.

+

“Philippines is an interesting market, but definitely the government lifting the foreign ownership restrictions was a good trigger. We see a lot of foreign developers and investors now interested in the Philippines market,” he said.

+

Meanwhile, Avril de Torres, deputy executive director at think tank Center for Energy, Ecology, and Development, said that failing to meet the RE targets “is certainly a possible scenario for the Philippines.”

+

She said that this is due to the government’s policy directions that allow coal, gas, and other “detrimental energy sources” to crowd out renewable energy, rather than be displaced by it.

+

“The government must ramp up support for distributed and community-based RE initiatives to help take advantage of this untapped potential, such as through incentives and concessional financing,” Ms. De Torres told BusinessWorld.

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/solar-panel-300x200.jpg
+ + Rice millers committed to higher farmgate prices for palay — DA + https://www.bworldonline.com/top-stories/2026/01/23/725959/rice-millers-committed-to-higher-farmgate-prices-for-palay-da/ + + + Thu, 22 Jan 2026 16:32:38 +0000 + + + + + https://www.bworldonline.com/?p=725959 + + + By Vonn Andrei E. Villamiel

+

RICE MILLERS have committed to raising their buying prices for both wet and dry palay (unmilled rice), while importers agreed to an initial shipment of 300,000 metric tons (MT) to arrive by the end of February, ahead of the peak harvest season, the Department of Agriculture (DA) said.

+

At a briefing on Thursday, Agriculture Assistant Secretary Arnel V. De Mesa said the commitment followed consultations by the DA with rice millers and importers, amid the early start of the dry-season harvest.

+

Mr. De Mesa said millers agreed to buy unmilled grain at a minimum of P17 per kilo for wet palay and P21 per kilo for dry palay, particularly in major rice-producing provinces in Northern and Central Luzon.

+

“The millers committed that they will buy at that price. Hopefully, it will be maintained until the end of the harvest season in April,” he said in mixed English and Filipino.

+

The higher farmgate price is expected to provide much-needed support to farmers, as palay prices have dropped over the past year.

+

Preliminary data from the Philippine Statistics Authority showed that the national average farmgate price of dry palay in 2025 was P17.70 per kilo, down 24.62% from P23.48 a year earlier.

+

Following consultations with importers, the DA also identified an initial import volume of about 300,000 MT through the end of February, subject to further review based on market conditions.

+

“The volume needs to arrive on or before the end of February, so that it will not coincide with peak harvest in March and April,” Mr. De Mesa said.

+

According to guidelines issued by the Bureau of Plant Industry, rice shipments arriving beyond the Feb. 28 deadline will be returned to the source country at the expense of the importer.

+

Data from the bureau showed that 178,397 MT of imported rice arrived in the country from Jan. 1 to 15, more than double the 71,772 MT initially projected for the period.

+

Mr. De Mesa said the DA will study whether to reimpose an import ban or further limit import volumes once the peak harvest season begins in March.

+

He added that the tariff rate on imported rice remains at 15%, pending an official announcement from the agency.

+

In a separate statement, the DA said rice tariffs will not be raised until February and that the final details will be “carefully managed to avoid unnecessary market speculation.”

+

Under the implementing guidelines of Executive Order No. 105, the rice tariff rate for January was scheduled to be announced by Jan. 15, based on December prices of Vietnam 5% broken rice, and will remain in effect until May 15.

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2024/08/Palay-farmer-rice-grains-300x200.jpg
+ + InstaPay, PESONet transfers reach P24.7 trillion in 2025 + https://www.bworldonline.com/top-stories/2026/01/23/725958/instapay-pesonet-transfers-reach-p24-7-trillion-in-2025/ + + + Thu, 22 Jan 2026 16:31:37 +0000 + + + + https://www.bworldonline.com/?p=725958 + + + By Katherine K. Chan, Reporter

+

DIGITAL PAYMENTS in the Philippines continued to grow in 2025 as transfers made through InstaPay and PESONet amounted to P24.745 trillion last year.

+

Data from the Bangko Sentral ng Pilipinas (BSP) showed that the combined value of transactions done via the payment gateways stood at P24.745 trillion at end-2025, surging by 42.02% from P17.423 trillion at end-2024.

+

Meanwhile, the volume of payments more than tripled to 4.773 billion last year from 1.508 billion in 2024.

+

As of December 2025, the value of transactions done on InstaPay soared by 57.27% to P11.554 trillion by the end of last year from P7.347 trillion at end-2024.

+

Meanwhile, the volume of transactions coursed through the payment gateway jumped by 231% year on year to 4.656 billion at end-December from 1.407 billion previously.

+

Local households and businesses’ increasing use of digital payments led to the strong growth of InstaPay and PESONet transactions in 2025, Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said.

+

“Wider adoption of mobile banking and e‑wallets, improved interoperability across banks and fintech (financial technology) platforms, and the growing use of digital payments for salaries, bill payments, and business-to-business transactions all contributed to the rise in transaction values in 2025,” he added in a Viber message.

+

Mr. Asuncion noted that consumers and businesses have been using such automated clearing houses for large value transactions.

+

Meanwhile, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the convenience and security of digital payments likely boosted traffic in both payment gateways.

+

“The strong, double-digit growth rates reflect the continued adoption of these digital payment solutions by Filipinos, who are shifting from over-the-counter payment transactions to digital banking due to greater convenience, lower costs, faster, safer and more reliable transactions,” he said via Viber.

+

BSP data also showed that P13.191 trillion worth of transactions went through PESONet last year, jumping by 30.91% from the P10.077 trillion recorded in 2024.

+

In terms of volume, PESONet processed 117.246 million transactions in 2025, up by 16.25% from 100.853 million in the previous year.

+

InstaPay and PESONet are automated clearing houses under the central bank’s National Retail Payment System framework.

+

InstaPay is a real-time, low-value electronic fund transfer facility for transactions of up to P50,000 and is mostly used for remittances and e-commerce.

+

Meanwhile, PESONet is mainly used for high-value transactions and may be considered an electronic alternative to paper-based checks.

+

Analysts said further digitalization push in the financial system would help prop up transactions in both InstaPay and PESONet this year.

+

“We expect InstaPay and PESONet transactions to continue expanding this year, supported by sustained digitalization efforts, further onboarding of users into the formal financial system, and the growing role of digital payments in commerce and government transactions,” Mr. Asuncion said.

+

“Continued investments in payment infrastructure, enhanced consumer trust in electronic channels, and policy initiatives promoting cash‑lite transactions should help underpin growth moving forward,” he added.

+

John Paolo R. Rivera, a senior research fellow at the Philippine Institute for Development Studies, also said that InstaPay and PESONet may see more transactions this year amid growing partnerships between digital wallets and banks as well as government and merchant payment systems.

+

“These transactions are likely to continue rising in 2026,” Mr. Rivera said in a Viber message. “Key drivers include financial inclusion efforts, expanding digital wallets and bank partnerships, deeper integration with government and merchant payment systems, and rising comfort with cashless everyday transactions.”
+“Ongoing fintech innovation, improved trust and security, and broader education on digital tools will also support sustained growth for InstaPay and PESONet,” he added.

+

The BSP wants digital payments to account for 60%-70% of the total volume of retail payments by 2028, in line with the Philippine Development Plan.

+

In 2024, the share of online payments in monthly retail transactions stood at 57.4% in terms of volume and 59% in value terms, the BSP’s 2024 Status of Digital Payments in the Philippines report showed.

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2024/04/digital-payment-300x200.jpg
+ + Gaming sector seen to post modest growth in 2026 — analysts + https://www.bworldonline.com/corporate/2026/01/23/725975/gaming-sector-seen-to-post-modest-growth-in-2026-analysts/ + + + Thu, 22 Jan 2026 16:13:24 +0000 + + + + https://www.bworldonline.com/?p=725975 + + + By Alexandria Grace C. Magno

+

ANALYSTS expect the Philippine-listed gaming and casino sector to see modest growth this year, fueled by online gaming expansion and steady mass-market play at physical casinos, though performance is likely to vary across operators due to regulatory challenges, rising costs, and uneven market conditions.

+

“Listed gaming firms are shaping up to be a tale of two segments for 2026. Online gaming remains the main growth driver, while physical casinos are expected to deliver more stable but moderate returns, anchored on mass-market play and non-gaming revenues rather than a full recovery in VIP volumes,” said F. Yap Securities analyst Marky Carunungan.

+

He noted that companies with diversified revenue streams, strong balance sheets, and exposure to stable tourism markets are better positioned for steady growth, while those reliant on a single customer type or regulatory framework could face greater risks.

+

“Online gaming continues to be a key catalyst, benefiting operators with established digital platforms such as DigiPlus Interactive Corp., although earnings visibility remains clouded by regulatory uncertainties,” Mr. Carunungan added.

+

Integrated resort operators, including Bloomberry Resorts Corp. and Belle Corp., are expected to benefit from gradual tourism recovery and resilient domestic mass-market play, he said.

+

Toby Allan C. Arce, head of sales trading at Globalinks Securities, described the sector outlook as cautiously optimistic, noting that growth will likely continue but at a more measured pace than during the post-pandemic rebound.

+

“Demand for gaming and resort experiences is likely to remain supported by recovering tourism, rising disposable incomes in key markets, and the appeal of entertainment-focused destinations,” Mr. Arce said.

+

“However, performance is expected to be uneven, reflecting differences in geographic exposure, regulatory environments, and operators’ ability to diversify revenues beyond traditional gaming.”

+

Analysts flagged regulatory and policy risks, heightened competition, and higher operating costs — including labor, utilities, compliance, and promotions — as key hurdles that could cap earnings growth despite improving revenues.

+

“Any slowdown in regional or global economic growth could weigh on discretionary spending, particularly for high-end gaming and entertainment offerings,” Mr. Arce said.

+

“For land-based operators, VIP and premium gaming recovery remains uncertain, while operating expenses and promotional intensity continue to pressure margins,” Mr. Carunungan added.

+

Last year, listed gaming and casino companies showed mixed financial results. DigiPlus Interactive posted signs of recovery in the fourth quarter after regulatory changes affected e-wallet access earlier in the year. Pacific Online Systems reported higher net income for the January-to-September period, supported by stable lottery operations through its joint venture, PinoyLotto Technologies Corp.

+

Bloomberry Resorts recorded a third-quarter net loss due to higher costs on its MegaFUNalo! online platform and weaker international casino performance. Belle Corp. also saw net income decline for the same period, while PhilWeb Corp. reported a net loss.

+

Looking ahead, analysts said sustained travel and tourism, especially in regional hubs with strong cross-border visitation, could help integrated resorts, which combine casinos with hotels, retail, dining, conventions, and entertainment, tap diverse revenue sources.

+

“Mass-market and premium mass segments are expected to outperform high-roller play in many markets, as operators focus on volume, stability, and lower credit risk,” Mr. Arce said. “Digitalization, loyalty programs, and data analytics will continue to enhance customer engagement and support repeat visitation, while non-gaming revenue streams will play a growing role in stabilizing earnings.”

+

Mr. Carunungan said the shift toward mass-market gaming, non-gaming amenities, and technology-driven customer acquisition will shape the sector’s medium-term outlook.

+

“Sustainability, responsible gaming initiatives, and stronger regulatory compliance frameworks are expected to become central to long-term strategy and investor perception,” he added.

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/Gambling-casino-300x200.jpg
+ + Ayala Corp. plans up to P30-billion bond program + https://www.bworldonline.com/corporate/2026/01/23/725974/ayala-corp-plans-up-to-p30-billion-bond-program/ + + + Thu, 22 Jan 2026 16:12:24 +0000 + + + + https://www.bworldonline.com/?p=725974 + + + LISTED CONGLOMERATE Ayala Corp. has moved to secure regulatory flexibility for future fund-raising after its board approved a plan to register up to P30 billion in peso-denominated bonds with the Securities and Exchange Commission (SEC).

+

In a disclosure on Thursday, the company said its board, acting on the recommendation of its finance committee, approved the filing of a five-year shelf registration.

+

The registration will allow Ayala Corp. to issue bonds in tranches over time, instead of seeking separate regulatory approval for each offering.

+

The company said the required documents and disclosures will be submitted to regulators in the coming months.

+

AP Securities, Inc. Equity Research Analyst Shawn Ray R. Atienza said the move is typical for large, diversified groups with ongoing capital requirements across multiple businesses.

+

“The shelf registration improves Ayala Corp.’s capital-raising flexibility and streamlines future bond issuances by eliminating the need for repeated SEC approvals,” he said in a Viber message.

+

Ayala Corp. is the holding company of the Ayala Group, with businesses spanning real estate, banking and financial services, telecommunications, power generation, healthcare, logistics, infrastructure, industrial manufacturing, education, and technology services.

+

At the stock exchange on Thursday, shares in Ayala Corp. rose 2.1% to close at P534 apiece. — Alexandria Grace C. Magno

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2025/10/Ayala-300x200.jpg
+ + Megawide inks lease for P1.19-B Baguio City transport terminal + https://www.bworldonline.com/corporate/2026/01/23/725973/megawide-inks-lease-for-p1-19-b-baguio-city-transport-terminal/ + + + Thu, 22 Jan 2026 16:11:24 +0000 + + + + https://www.bworldonline.com/?p=725973 + + + MEGAWIDE Construction Corp. has signed a lease agreement with the Baguio City Government to implement the P1.19-billion Baguio City Integrated Terminal (BCIT) project.

+

In a stock exchange disclosure on Thursday, the listed engineering and infrastructure company said the agreement follows its receipt of the notice of award for the project last year.

+

The lease covers the development, construction, and operation of an integrated transport terminal, including mixed commercial spaces within the premises, Megawide said.

+

The lease term will not extend beyond the 40th anniversary of the construction start date or the expiration of the applicable usufruct arrangement.

+

Megawide noted that the project was awarded after no competing bids were received to challenge the company’s unsolicited proposal.

+

The BCIT is designed to handle up to 25,000 passengers daily and will initially serve seven southbound routes, including La Union, Pangasinan, Tarlac, Pampanga, Bulacan, Metro Manila, and Cavite via the planned South Luzon Integrated Terminal Exchange.

+

The terminal will be built on a five-hectare property in Barangay Dontogan, about five kilometers from Baguio City proper.

+

The project aims to ease traffic congestion in the city by relocating provincial buses and UV Express vans outside the central district.

+

On Thursday, Megawide shares rose 17 centavos, or 5.41%, to close at P3.31 apiece. — Ashley Erika O. Jose

]]>
- https://www.bworldonline.com/wp-content/uploads/2026/01/Galleria-Duemila-20260110_125319-300x225.jpg
+ https://www.bworldonline.com/wp-content/uploads/2024/12/proposed-baguio-terminal-design-300x169.jpg - Airline fuel surcharge stays steady for February - https://www.bworldonline.com/corporate/2026/01/21/725439/airline-fuel-surcharge-stays-steady-for-february/ + Cebu Pacific to complete turboprop transfer to Clark by March + https://www.bworldonline.com/corporate/2026/01/23/725972/cebu-pacific-to-complete-turboprop-transfer-to-clark-by-march/ - Tue, 20 Jan 2026 16:06:16 +0000 + Thu, 22 Jan 2026 16:10:23 +0000 - https://www.bworldonline.com/?p=725439 + https://www.bworldonline.com/?p=725972 + + + BUDGET CARRIER Cebu Pacific Air, Inc. said it will complete the transfer of its turboprop operations from Ninoy Aquino International Airport (NAIA) to Clark International Airport by March.

+

Starting March 29, Cebgo, the airline’s regional brand, will operate from Clark, covering its Coron (Busuanga) and Naga routes, the company said in a statement on Thursday.

+

The move follows a 2025 resolution issued by the Department of Transportation’s (DoTr) Manila Slot Coordination Committee directing the relocation of turboprop operations outside Metro Manila.

+

Boutique airline AirSWIFT, a wholly owned subsidiary of Cebu Pacific, will also transfer its operations to Clark from NAIA Terminal 2.

+

The shift will affect its Manila-El Nido-Manila flights, the company said.

+

Cebu Pacific said affected passengers will be automatically rebooked on new flights departing from Clark.

+

It added that passengers may opt for free rebooking, refunds, or travel fund conversion should they prefer alternative arrangements.

+

The government had earlier deferred the implementation of the turboprop relocation to March this year from October last year to give airlines additional time to complete the transition.

+

The transfer aims to help decongest NAIA and improve air traffic flow, the airline said.

+

Cebu Pacific also said it will increase flight frequencies for selected domestic and international routes from Manila.

+

Weekly flights will rise to 63 for Bacolod, 46 for Butuan, 69 for Cagayan de Oro, 108 for Cebu, 90 for Davao, 42 for Dumaguete, 14 for Ozamiz, 49 for Tacloban, and 45 for Zamboanga.

+

Internationally, the airline will increase Manila-Hong Kong flights to 35 per week from 28, and Manila-Kaohsiung flights to five per week from three.

+

Cebu Pacific currently serves 37 domestic and 26 international destinations with a fleet of 100 aircraft. — Ashley Erika O. Jose

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/CEB-ATR_72-500-air-CEBu-Pacific-300x200.jpg
+ + SPNEC seeks SEC nod for rebranding to MGEN Renewable Energy + https://www.bworldonline.com/corporate/2026/01/23/725971/spnec-seeks-sec-nod-for-rebranding-to-mgen-renewable-energy/ + + + Thu, 22 Jan 2026 16:09:23 +0000 + + + https://www.bworldonline.com/?p=725971 - - THE Civil Aeronautics Board (CAB) said the passenger fuel surcharge will remain at Level 4 for February, keeping charges steady for the seventh consecutive month.

-

At Level 4, the surcharge will range from P117 to P342 for domestic flights and from P385.70 to P2,867.82 for international flights originating from the Philippines.

-

The surcharge has been at this level since August last year, CAB data showed.

-

For Feb. 1-28, airlines collecting the fuel surcharge in foreign currency may use the applicable rate of P58.94 per dollar, the CAB said.

-

Fuel surcharges are adjusted based on movements in jet fuel prices using the Mean of Platts Singapore (MOPS) benchmark.

-

According to the International Air Transport Association (IATA), jet fuel prices rose 3.5% to $89.63 per barrel for the week ending Jan. 16, while on a year-on-year basis, prices declined by 0.4%.

-

IATA said airlines in Asia are likely to sustain growth this year, supported by strong demand in both passenger and cargo segments and by declining jet fuel costs, which account for the majority of airline operating expenses.

-

Fuel costs are projected to fall to $252 billion in 2026, largely due to expected declines in crude oil prices. — Ashley Erika O. Jose

+ + SP NEW ENERGY CORP. (SPNEC) said it has applied for regulatory approval to change its corporate name to MGEN Renewable Energy Holdings, Inc., as part of a broader rebranding initiative within its parent group.

+

In a statement on Thursday, SPNEC said it filed an application with the Securities and Exchange Commission (SEC) to amend its corporate name and change its stock symbol to MGENR.

+

The company said the move forms part of the “ongoing rebranding initiative” of its parent, Meralco PowerGen Corp. (MGEN), which began in August last year.

+

“It aims to strengthen alignment and consistency across the One MGEN group as it presents a unified identity for its diversified power generation portfolio, including renewable energy,” SPNEC said.

+

SPNEC added that the initiative is intended to “enhance clarity and ease of identification for stakeholders and does not involve any changes to SPNEC’s ownership structure, operations, or existing renewable energy projects.”

+

SPNEC is a subsidiary of MGEN, the power generation arm of Manila Electric Co. (Meralco).

+

Analysts said the rebranding may help clarify the company’s position within the Meralco group following recent developments in the renewable energy sector.

+

“SPNEC’s corporate name change positions the company away from the Solar Philippines branding and allows it to be perceived as a renewable energy arm within Meralco’s ecosystem, which has an impeccable track record in project execution,” Shawn Ray R. Atienza, an equity research analyst at AP Securities, Inc., told BusinessWorld.

+

Juan Paolo E. Colet, managing director at China Bank Capital Corp., said the move could support Meralco PowerGen’s longer-term plans for its renewable energy business.

+

“I think this confirms that Meralco PowerGen will push through with the backdoor infusion of its renewable energy business into the listed company,” he said.

+

MGEN said last year that it is evaluating a potential initial public offering of its renewable energy unit, MGEN Renewable Energy, Inc., which may involve the injection of assets into SPNEC in exchange for shares.

+

SPNEC is developing the MTerra Solar Project through its subsidiary, Terra Solar Philippines, Inc.

+

The project consists of a 2,500-megawatt solar facility with a 4,600-megawatt-hour battery energy storage system located in Nueva Ecija and Bulacan.

+

The first phase of the project is expected to be completed early this year, while the second phase is scheduled for completion in 2027.

+

MTerra Solar is expected to contribute to MGEN’s goal of reaching 1,500 megawatts of renewable energy capacity by 2027.

+

Meralco’s controlling shareholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

]]>
- https://www.bworldonline.com/wp-content/uploads/2022/10/tuourist-airport-plane-300x200.jpg
+ https://www.bworldonline.com/wp-content/uploads/2026/01/SPNEC-solar-panel-worker-300x200.jpg - Tiered public float rules among key SEC reforms due by mid-February - https://www.bworldonline.com/corporate/2026/01/21/725438/tiered-public-float-rules-among-key-sec-reforms-due-by-mid-february/ + SEC says new rules on board directors expected this quarter + https://www.bworldonline.com/corporate/2026/01/23/725970/sec-says-new-rules-on-board-directors-expected-this-quarter/ - Tue, 20 Jan 2026 16:05:16 +0000 + Thu, 22 Jan 2026 16:08:22 +0000 - https://www.bworldonline.com/?p=725438 + https://www.bworldonline.com/?p=725970 - - THE Securities and Exchange Commission (SEC) plans to issue at least eight memorandum circulars this month, with the long-awaited tiered minimum public float rules for stock exchange listings targeted by mid-February.

-

“At the very least, [we will be releasing] two more. So maybe, eight or nine [memorandum circulars] for January,” SEC Chairperson Francisco Ed. Lim told reporters on the sidelines of the Management Association of the Philippines (MAP) Inaugural Meeting 2026 on Monday.

-

Since the start of the year, the SEC has already released three circulars through its eAmend portal. These cover amendments to real estate investment trust (REIT) rules, the extension of discounted filing fees for micro, small, and medium enterprises (MSMEs), and measures to simplify corporate amendment processes.

-

Meanwhile, the proposed tiered minimum public float framework is designed to tailor stock exchange listing requirements to company size while maintaining market liquidity, investor protection, and capital formation.

-

Under the draft rules, companies planning to list on an exchange would be assigned to one of five tiers based on their expected market capitalization at listing.

-

Companies in Tier I, with a market value of up to P500 million, would be required to maintain an initial public float of 33%. Tier II companies, valued between P500 million and P1 billion, would need at least 25% public float, but not less than P165 million in shares.

-

Tier III companies with market values from P1 billion to P50 billion would maintain a minimum of 20% public float worth at least P250 million. For Tier IV companies, with market values between P50 billion and P150 billion, the requirement would be 15% public float valued at no less than P10 billion, while Tier V companies valued above P150 billion would be required to maintain at least 12% public float, worth a minimum of P22.5 billion.

-

After listing, companies would be required to maintain minimum public ownership aligned with their initial public offering tier: 20% for Tiers I to III, 15% for Tier IV, and 12% for Tier V.

-

“The tiered approach addresses the limitations of the current 20% minimum public ownership rule, which does not account for differences in company size,” Mr. Lim said.

-

The January circulars are also part of the SEC’s broader initiative to improve efficiency and predictability in corporate filings. Measures include digital processing of amendments, classification of filings into simple or regular categories, and standardized forms to reduce processing time.

-

Simple amendments are expected to be completed within seven working days, while more complex filings may take up to 21 days.

-

In his recent speech at the “Big Bold Reforms: the Philippines 2026” event, Mr. Lim said that the SEC is working to strengthen rules, processes, and fairness to ensure faster, more certain operations while maintaining market integrity.

-

“External and internal issues will arise in any economy. But what sustains confidence is how firmly institutions respond — by enforcing standards and making accountability real,” he said. — Alexandria Grace C. Magno

+ + THE SECURITIES and Exchange Commission (SEC) plans to introduce new rules within the first quarter setting fixed terms for independent directors, as part of efforts to strengthen corporate governance and accountability in listed companies.

+

Under the proposed rules, independent directors — board members who represent shareholders and help oversee company management — would serve three-year terms, with a maximum cumulative service of nine years.

+

The SEC also plans to stagger terms so that not all seats are renewed at the same time.

+

“This ensures that boards remain balanced and independent while giving companies time to plan leadership transitions,” SEC Chairperson Francisco Ed. Lim said on Wednesday.

+

Currently, independent directors can serve up to nine years, with some companies allowed to extend their terms under special exemptions.

+

Mr. Lim said the SEC intends to enforce the nine-year cap more strictly going forward.

+

The changes aim to strengthen the role of independent directors in holding management accountable, protecting shareholder interests, and promoting transparency in company operations. — Alexandria Grace C. Magno

]]>
- https://www.bworldonline.com/wp-content/uploads/2021/08/PSE-720p-10-300x169.jpg
+ https://www.bworldonline.com/wp-content/uploads/2026/01/Aerial-view-of-diverse-business-people-having-meeting-together-300x182.jpg - Reissued 20-year bonds fetch higher rates on tepid demand - https://www.bworldonline.com/banking-finance/2026/01/21/725416/reissued-20-year-bonds-fetch-higher-rates-on-tepid-demand/ + ’80s nostalgia seen with fresh eyes + https://www.bworldonline.com/arts-and-leisure/2026/01/23/725924/80s-nostalgia-seen-with-fresh-eyes/ - Tue, 20 Jan 2026 16:04:37 +0000 - + Thu, 22 Jan 2026 16:07:47 +0000 + - - https://www.bworldonline.com/?p=725416 + + https://www.bworldonline.com/?p=725924 + + + Bagets the Musical gets ready for its audience +

By Brontë H. Lacsamana, Reporter

+

STAGING a beloved Filipino coming-of-age tale four decades after the original film came out could be considered a no-brainer in 2026, given how nostalgia is the big thing in different forms of storytelling today. Using the versatility of Philippine theater as a platform, the challenge now is presenting 1980s nostalgia with a refreshed perspective.

+

As Bagets the Musical opens this year, it’s important to note the interesting blend of creative groups that brought the show to life. It’s adapted by PETA Plus (the creative agency of the Philippine Educational Theater Association), produced by Viva Communications, Inc. (which produced the Bagets film in 1984), and helmed by Philstar Next (the Philstar Media Group’s entertainment arm*).

+

Put all of that together, and you have a musical that aims to recapture the spirit of Filipino youth — with the help of songs from the movie as well as other iconic 1980s hits — while giving audiences some nuggets of reflection to carry home from the show.

+

“We hope you’ll enjoy this because the kids worked hard during rehearsals. It’s a fun show and I hope you all enjoy it!” said director Maribel Legarda at the start of the open rehearsals on Jan. 21.

+

(As with all technical dress rehearsals, the show BusinessWorld saw was not yet fully polished, so there were a few mishaps with lighting. Otherwise, it was already mostly how it should be on opening night.)

+

“It’s not perfectly clean yet, but generally it’s complete and you’ll get a sense of what Bagets has become from its transition from the 1984 movie to the musical you’re going to see,” Ms. Legarda said.

+

A cute touch while the audience waits for the curtains to rise is the voiceover announcing the minutes left before the show starts — each one is recorded by a cast member announcing the time in character.

+

The musical opens by traveling back in time, as a large box television set projected on the screen in front takes us from 2026 newsbites to all the way back to the vibrant colors and sounds of 1984.

+

After that, the energy kicks off, as five young men — Topee, Tonton, Gilbert, Arnel, and Adie — cap off their third year in high school causing trouble as usual. Hilarious antics follow as they get kicked out of their school and launch into a series of adventures and misadventures both at home and in their new school, revealing complex family issues at the same time.

+

Tall, rolling set pieces were utilized cleverly, allowing us to glimpse each boy’s house in multiple scenes, while the mini car they used onstage was fun to see as it glided around.

+

While the timing of the lights with the music and dialogue was, indeed, a work-in-progress, the use of set pieces, props, and LED screens is exciting. It’s fun to watch a dynamic PETA Plus production on a stage as vast as the Newport Performing Arts Theater.

+

The five leads were played by Sam Shoaf, Milo Cruz, Noel Comia, Jr., Ethan David, and Andres Muhlach during the open rehearsals, and it was good to see that a shared chemistry was there.

+

Admittedly, there were some glaring pain points in terms of singing and dancing skills. Some of the performers take to the songs and choreography better than others, but the chemistry of the five as friends is undeniable.

+

Each brings something different to the table. Sam Shoaf has a magnetic presence as martial arts ace and athletic heartthrob Topee. Milo Cruz is a solid performer who can sing and bust out moves as he takes on daredevil Tonton. Noel Comia, Jr., stands out as an actor, able to bring out both the comic relief and endearing geek within Gilbert. Ethan David lends his beautiful voice to the role of well-mannered rich kid Arnel.

+

Andres Muhlach probably has the most pressure on him out of the bunch, having the least performing experience in the group and being in the shadow of his father who originated the role of the baby-faced romantic Adie in the movie. Still, he perseveres through the songs and choreography, offering a singular charm to the role.

+

Altogether, the five make it work, amid understandable first-show jitters and timing issues. The other batch of leads — Jeff Moses, Migo Valid, Tomas Rodriguez, KD Estrada, and Mico Hendrix Chua — would be interesting to see, for a different take on the main barkada.

+

Finally, it would be remiss to talk about Bagets the Musical without giving kudos to the actors playing the moms. Thanks to director Ms. Legarda and writer J-mee Katanyag, a noticeable focus of the show is how mothers take care of their sons, expanding the glimpses we see in the original film.

+

The ermats are played splendidly by Neomi Gonzales, Natasha Cabrera, Mayen Cadd, Ring Antonio, and Carla Guevara Laforteza, each delivering the quirks and flaws that flesh out dimensions of the boys’ lives. They have their own journey growing up alongside their sons, in the context of working women becoming a norm in the 1980s.

+

Another cool element is seeing the machismo and youth culture that only make sense in that time period. While deemed inappropriate and politically incorrect in today’s milieu, it’s intriguing to witness these outdated aspects in a Bagets updated in 2026.

+

Most of all, Bagets the Musical leans heavily into the nostalgia, offering a fun time in the theater with hits like “Telefone (Long Distance Love Affair)” and “Wake Me Up Before You Go-Go” alongside iconic Bagets tunes “Growing Up” and “Just Got Lucky.” The entire ensemble really fills out the stage and brings their A-game each time.

+

The experience is a good one that both young and old can appreciate. There are even interactive portions that allow the audience to revel in the music and the youthful energy. While there are still things to fine-tune here and there, it’s a show worth checking out.

+

Bagets the Musical opens on Jan. 23 and runs until March at the Newport Performing Arts Theater, Pasay City. Tickets, ranging in price from P1,000 to P4,000, are now available at the Newport World Resorts Box Office and via TicketWorld.

+

*The Philstar Media Group is part of MediaQuest Holdings, Inc., as is BusinessWorld.

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/5-arts-news-Bagets-The-Musical-2026-at-Newport-World-Resorts-300x300.jpg
+ + Globe, Nokia widen tie-up to offer new digital tools to businesses + https://www.bworldonline.com/corporate/2026/01/23/725969/globe-nokia-widen-tie-up-to-offer-new-digital-tools-to-businesses/ + + + Thu, 22 Jan 2026 16:07:22 +0000 + + + https://www.bworldonline.com/?p=725969 + + + GLOBE TELECOM, INC. said it has expanded its collaboration with Nokia Corp. to make network application programming interfaces (APIs) available to more users and businesses.

+

The Ayala-led telecommunications company said broader access to network data through APIs could create opportunities for enterprises to use advanced network capabilities across sectors such as banking, healthcare, automotive, and entertainment.

+

Under the agreement, Globe will gain access to Nokia’s full portfolio of APIs through the Network Exposure Program (NEP), a cloud-native and programmable platform designed to streamline API services and enable interoperability within network environments.

+

“With cyberattacks on digital services accelerating, it is crucial that we make available the latest network-powered technologies to our enterprise customers and help safeguard against fraud. We are now at the stage of testing how Nokia’s NEP can support our customers in the banking and enterprise sectors,” Globe Vice-President and Head of Globe Business Stella Christine D. Dizon said in a media release on Thursday.

+

Globe previously partnered with Nokia last year to test the NEP for the development of security-focused applications aimed at addressing mobile banking fraud.

+

“Nokia’s open API solutions will empower Globe to rapidly develop and deploy new services, fostering innovation and creating new revenue streams by securely exposing network capabilities to developers and partners,” Nokia Head of Network Monetization Platform Shkumbin Hamiti said.

+

Shares in Globe rose P28, or 1.75%, to close at P1,630 apiece on Thursday. — Ashley Erika O. Jose

+]]>
+ + + + https://www.bworldonline.com/wp-content/uploads/2026/01/Nokia-300x168.jpg
+ + Ayala Land unit signs five-year office lease with LANDBANK + https://www.bworldonline.com/corporate/2026/01/23/725968/ayala-land-unit-signs-five-year-office-lease-with-landbank/ + + + Thu, 22 Jan 2026 16:06:22 +0000 + + + https://www.bworldonline.com/?p=725968 - - THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday at higher rates amid weak market appetite for longer tenors.

-

The Bureau of the Treasury (BTr) borrowed P30 billion as planned via the reissued 20-year bonds, with total bids reaching P41.506 billion.

-

This brought the outstanding volume for the bond series to P157.3 billion, the Treasury said in a statement.

-

The reissued bonds, which have a remaining life of seven years and two months, were awarded at an average rate of 5.934%. Accepted yields ranged from 5.88% to 5.98%.

-

The average rate of the reissued 20-year papers was 174.7 basis points (bps) higher than the 4.187% fetched for the series’ last award on June 29, 2021 and was likewise 230.9 bps above the 3.625% coupon for the issue.

-

This was also 2.6 bps above the 5.908% quoted for the seven-year debt — the benchmark tenor closest to the remaining life of the issue — but 1.5 bps lower than the 5.949% fetched for the same bond series at the secondary market before Tuesday’s auction, based on the PHP Bloomberg Valuation Service Reference Rates data provided by the BTr.

-

“The auction was uninspiring, with awards clearing toward the upper end of the expected yield range,” a trader said in a text message.

-

“The immediate market reaction was a sell-off in the secondary market, as some participants had positioned for partial bid rejections at higher yield levels given strong demand seen for other tenors as well as the announcement of dollar bond issuance.”

-

The BTr has seen robust demand for its recent offerings of government securities, especially those with shorter maturities.

-

Last week, it made a full P30-billion award of its offering of reissued seven-year bonds with a remaining life of five years and four days and even opened its tap facility, raising another P10 billion. It has also upsized its recent Treasury bill (T-bill) awards to take advantage of the strong appetite shown by the market.

-

Meanwhile, the Philippines on Tuesday launched a triple-tranche offering of US dollar-denominated bonds, marking its first offshore issuance for the year.

-

The government is looking at a benchmark size issue for each of the 5.5-, 10-, and 25-year notes it was offering, National Treasurer Sharon P. Almanza said in a Viber message. Benchmark-sized issues are typically worth at least $500 million.

-

Initial pricing guidance was at 70 bps above the comparable benchmark US Treasury yield for the 5.5-year tranche, T+100 bps for the 10-year tenor, and at the 5.9% area for the 25-year debt.

-

The notes were expected to be priced during the New York trading session overnight.

-

The reissued 20-year bonds fetched higher yields as players are hesitant to lock in their cash in long-term instruments amid lingering market risks, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort added in a Viber message.

-

These risks include a weakening peso that could stoke domestic inflation in the coming months, uncertainty over the US Federal Reserve’s policy path amid an upcoming leadership change, and geopolitical concerns overseas, he said.

-

The BTr wants to raise P180 billion from the domestic market this month, or P110 billion via T-bills and P70 billion through T-bonds.

-

The government borrows from local and foreign sources to help fund its budget deficit, which is capped at P1.647 trillion or 5.3% of gross domestic product this year. — Aaron Michael C. Sy

+ + THE OFFICE leasing unit of Ayala Land, Inc. (ALI) has signed a five-year lease agreement with Land Bank of the Philippines (LANDBANK) for 3,866.75 square meters of office and parking space at the Ayala Malls Manila Bay Corporate Center.

+

In a statement on Thursday, Ayala Land Offices, Inc. (ALO) said the space will be used by selected LANDBANK head office units, departments, and a subsidiary. The lease is scheduled to begin on June 1.

+

Under the agreement, LANDBANK is the lessee, Bay City Commercial Ventures Corp. is the lessor, and ALO will serve as the leasing manager.

+

ALO said the lease reflects its continuing efforts to meet evolving office requirements as organizations adjust their space needs.

+

Ayala Land reported combined revenues from office and commercial and industrial lot sales of P12.8 billion in the first nine months of 2025, up from P10.4 billion in the same period a year earlier.

+

The company attributed the increase to lot sales in the first half and sustained bookings in key locations, including the Makati central business district, Vertis North, and Arca South.

+

Shares in ALI were unchanged at P22.50 apiece on Thursday. — Alexandria Grace C. Magno

]]>
- https://www.bworldonline.com/wp-content/uploads/2021/08/BTr-Treasury-720p-1-300x169.jpg
+ https://www.bworldonline.com/wp-content/uploads/2025/04/LANDBANK-300x200.jpg - Arts & Culture (01/21/26) - https://www.bworldonline.com/arts-and-leisure/2026/01/21/725336/arts-culture-01-21-26/ + Stuff to Do (01/23/26) + https://www.bworldonline.com/arts-and-leisure/2026/01/23/725827/stuff-to-do-01-23-26/ - Tue, 20 Jan 2026 16:04:29 +0000 + Thu, 22 Jan 2026 16:05:43 +0000 - - https://www.bworldonline.com/?p=725336 + + + https://www.bworldonline.com/?p=725827 - + #tdi_3 .td-doubleSlider-2 .td-item1 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/1-arts-news-sheila-osmena-go-at-galerie-joaquin-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/1-stuff-to-do-pcci-dog-show-2026-80x60.jpg) 0 0 no-repeat; } #tdi_3 .td-doubleSlider-2 .td-item2 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/2-arts-news-DF-Art-Agency-Briccio-Santos-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/7-stuff-to-do-Sto.-Nino-Collections-80x60.jpg) 0 0 no-repeat; } #tdi_3 .td-doubleSlider-2 .td-item3 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/3-arts-news-gus-albor-afm-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/8-stuff-to-do-PRIMATE_FRAME_026-80x60.jpg) 0 0 no-repeat; } #tdi_3 .td-doubleSlider-2 .td-item4 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/4-arts-news-raymond-lauchengco-book-reading-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/9-stuff-to-do-charlie-puth-80x60.jpg) 0 0 no-repeat; } #tdi_3 .td-doubleSlider-2 .td-item5 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/5-arts-news-OFY-Photo-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/10-stuff-to-do-AbbottElementary_501_705035_178636_0374-80x60.jpg) 0 0 no-repeat; } #tdi_3 .td-doubleSlider-2 .td-item6 { - background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/6-arts-newsPASINAYA-2026_FINAL-80x60.jpg) 0 0 no-repeat; + background: url(https://www.bworldonline.com/wp-content/uploads/2026/01/11-stuff-to-do-CAVETOWN-RUNNING-WITH-SCISSORS-COVER-ART-80x60.jpg) 0 0 no-repeat; } @@ -769,48 +907,48 @@ This year’s edition aims to have “greater spatial flexibility and a more int
@@ -847,416 +985,413 @@ This year’s edition aims to have “greater spatial flexibility and a more int

-

Sheila Osmeña-Go exhibits with Galerie Joaquin

-

THE exhibition A Symphony of Corals by Sheila Osmeña-Go marks her first with Galerie Joaquin. It is a visual meditation on harmony, resilience, and interconnected life, drawing inspiration from coral ecosystems. The exhibit is ongoing until Jan. 23 at Galerie Joaquin’s space in the Atrium of Opus Mall.

+

Go to Asia’s biggest dog show

+

THE Philippine Circuit Dog Show 2026 is ongoing at the Smart Araneta Coliseum until Jan. 26. Now in its 12th year, it is headlined by the 2026 Fédération Cynologique Internationale (FCI) World Grooming Competition, which highlights the skills and artistry in dog grooming. Dogs and their handlers from around the world showcase creative styling, breed-specific cuts, and technical expertise. Alongside this contest, there will be 12 All-Breed Championship Dog Shows, mediated by renowned international judges to ensure fair and healthy competition. There are 7,440 entries representing 91 breeds.

+
+

Listen to some jazz

+

THE year 2026 marks the 70th anniversary of the establishment of diplomatic relations between Japan and the Philippines. To formally launch this landmark year, The Japan Foundation, Manila will present Harmony of Friendship: A Jazz Prelude to 70 Years of Japan-Philippine Ties. The concert series is headlined by the Tokyo-Manila Jazz & Arts Festival Group led by Filipino jazz vocalist Charito. They will be joined by the Philippines’ AMP Big Band, an organization of professional session musicians. On Jan. 22 at the Carlos P. Romulo Auditorium, RCBC Plaza, Makati City, the concert tour continues, free and open to the public, while a jazz workshop at De La Salle University-Dasmariñas will be organized by Lasallian Pop Band, with registration required through the organization. A third by-invitation-only concert will be held in Cebu.

+
+

Watch CAST’s staged readings

+

CAST PH’s (The Company of Actors in Streamlined Theatre) is once again presenting its annual staged readings. The theme of this year’s season (its 6th) is “RE-ORIENT — Narratives from Asian Voices.” As has been done every year during the CAST PH Staged Reading Series, the titles of the plays are not revealed beforehand. The season takes place over the course of four weeks (every Sunday), and Play #3 on Jan. 25, will be directed by Guelan Varela-Luarca. It will star Jenny Jamora, Zoë De Ocampo, Jam Binay, Frances Makil-Ignacio, Dolly de Leon, and Roselyn Perez, with stage directions to be read by Monty Uy. The season ends on Feb. 1 with Play #4 which will be directed by Caisa Borromeo. It will feature Jillian Ita-as, Kakki Teodoro, George Schulze, Yanah Laurel, Alfredo Reyes, and Miren Alvarez-Fabregas. There are only 100 seats per performance, priced at P500 each. For tickets, visit https://tinyurl.com/vrdfrfwm. All performances will be held at The Mirror Theatre Studios, 5th floor, SJG Center, Kalayaan Ave., Makati City. Performances are at 3 and 8 p.m.

+
+

Try out new fitness experiences at GH Mall

+

GH MALL at San Juan’s Greenhills Shopping Center, balances the overindulgence of the Christmas season by going healthy in January and offering a lineup of sports and wellness activities. There is the Table Tennis Academy, running until Jan. 31 at the 4F Tech Hub. Mallgoers can also play pickleball at the 5th floor until Jan. 31. The “Motion in Glow” Zumba sessions at the 6F roof deck run every Monday from 5 to 7 p.m. “Step & Groove” dance sessions occur in the same location and at the same time on Wednesdays, while yoga is available on Fridays.

+
+

Do not sing along with Les Miz

+

THAT is the plea of GMG Productions which has brought Les Misérables: World Tour Spectacular, a reimagined staged concert production of the iconic musical, to the Philippines. “Let the cast tell the story,” it exhorts. That cast includes Filipinos: Lea Salonga and Red Concepcion as the Thenardiers, Rachelle Ann Go as Fantine, and Emily Bautista as Eponine. The expanded concert-like format features a new design and production enhanced with new set and lighting designs, bringing Cameron Mackintosh’s critically acclaimed production to life on a scale never seen before in Manila, with a company and crew of over 110, including an international all-star cast and a large ensemble of musicians. Les Misérables runs at the Theater at Solaire, Solaire Resort & Casino, Entertainment City, Aseana Ave., Parañaque from Jan. 20 to March 1, with no extensions possible. As of now, all 48 shows are sold out. But keep checking as you never know.

+
+

Enjoy a bit of timely satire

+

THE Corner Studio presents People v. Dela Cruz, a one-act satirical play that looks at online behavior by using the Philippines’ first-ever jury case as its frame. According to Theater Fans Manila, People v. Dela Cruz takes a country testing its new jury system and turns legal deliberation into a circus of ego, politics, prayer, hunger, and possibly Wi-Fi withdrawal. Written and directed by Eldrin Veloso, it stars Mark Aranal, Emlyn Olfindo-Santos, JP Basco, Althea Aruta, Pauline Arejola, Rain de Jesus, and Aaron Dioquino. The show has performances on Jan. 23, 7 p.m., and Jan. 24 at 3 and 7 p.m., The Corner Studio, J&T Building, 3894 Magsaysay Blvd., Santa Mesa, Manila. Tickets are priced at P800 and are available for purchase via Helixpay.


-

DF Art Agency mounts 15th anniversary exhibit

-

DF ART Agency marks its 15th anniversary with Grateful Horizons, a group exhibition taking place at Leon Gallery International, Corinthian Plaza along Paseo de Roxas in Legazpi Village, Makati City. The show brings together works by 33 artists across generations, reflecting on the relationships and shared histories that have shaped the agency’s practice. Artists include Briccio Santos, Demi Padua, Miller Laberinto, and Tita Halaman. It runs until Feb. 2.

+

Get nostalgic with Bagets the Musical

+

BAGETS THE MUSICAL, a stage adaptation of the 1984 coming-of-age film Bagets, follows a group of high school friends navigating adolescence, family, friendship, and young love. This production by Newport World Resorts, The Philippine Star, and VIVA Communications, is directed by Maribel Legarda, with a book by J-mee Katanyag and music by Vince Lim. The five leads are played by Sam Shoaf, Milo Cruz, Noel Comia, Jr., Ethan David, and Andres Muhlach. They alternate with Jeff Moses, Migo Valid, Tomas Rodriguez, KD Estrada, and Mico Hendrix Chua. Also in the cast are Neomi Gonzales, Natasha Cabrera, Mayen Cadd, Ring Antonio, and Carla Guevara Laforteza. Bagets the Musical opens on Jan. 23 and runs until March at the Newport Performing Arts Theater, Pasay City. Tickets, ranging in price from P1,000 to P4,000, are now available at the Newport World Resorts Box Office and via TicketWorld.


-

Gus Albor exhibits at Alliance Française

-

THE exhibit Aurae II by Gus Albor will open at the Alliance Française de Manille Gallery on Jan. 22. With a vernissage scheduled at 6:30 p.m., it will showcase Mr. Albor’s body of work that explores minimal abstraction as a distillation of form, color, and conviction. The opening is in partnership with fine dining restaurant Bocca. The exhibition runs until Feb. 21.

+

Glimpse artifacts of Philippine devotion at NCCA

+

THE National Commission for Culture and the Arts (NCCA) has opened the Balaang Bata exhibit, which explores the enduring Filipino devotion to the Santo Niño. On view at the NCCA Gallery in Intramuros, Manila, it features a diverse selection of Santo Niño images and sculptures from across the country, bringing together treasured works from private collections that reflect centuries of personal faith, artistry, and cultural tradition surrounding the Holy Child. Many of the pieces on display are more than a century old, carved from various types of wood and shaped by everyday devotion passed down through generations. The exhibit is open to the public.


-

Raymond Lauchengco holds live book reading

-

THE activity series of Navitas Haus titled “Of Stories and Art” continues with singer Raymond Lauchengco, who will have a book reading at the venue. It will feature his book, Dance with the Wind, which he will read live and discuss with participants afterwards. Copies will be available for sale at the event. Open to the public from ages seven and up, there will be craft activities available for kids and coffee and food for teens and adults. Admission to the book reading is free. It takes place on Jan. 31, 1 p.m., at Navitas Haus, 6218 Manalac St., Poblacion, Makati.

+

Watch chimpanzee thriller Primate in cinemas

+

PRACTICAL EFFECTS in the new movie Primate, helmed by filmmaker Johannes Roberts, bring the character of Ben the chimpanzee to life. Billed as a shocking, bone-chilling tale, it follows a group of teens who are terrorized when their pet chimp suddenly turns on them. It combines visceral terror with old-school, in-camera special effects. Primate is now showing in cinemas nationwide.


-

Orchestra of the Filipino Youth opens concert season

-

THE Orchestra of the Filipino Youth (OFY) is opening its 2026 concert season with ELEVATE: Triumphs of Tchaikovsky on Feb. 1 at the Proscenium Theater, Rockwell, Makati. The young classical musicians will perform under the baton of Gerard Salonga. It will feature Tchaikovsky’s Violin Concerto, performed by rising OFY violinist Gavril Tiburcio. Tickets are available by messaging Ang Misyon on social media.

+

Listen to Charlie Puth’s new single

+

AWARD-WINNING artist, producer, musician and songwriter Charlie Puth has released his latest single, “Beat Yourself Up,” from his forthcoming studio album Whatever’s Clever!, which will be out in March. Co-produced by Mr. Puth and BLOODPOP, the track is personal and explorative, accompanied by an official music video directed by Hunter Moreno. It is out now on all digital music streaming platforms.


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CCP Pasinaya returns with new component, venues

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NOW on its 20th year, the CCP Pasinaya: The Open House Festival is ushering in this year’s National Arts Month with new components and venue partners. Slated for Feb. 7 and 8, it expands to an additional regional venue in Roxas City, Capiz, and adds Rizal Park in Luneta, Manila as a new venue partner, as well as Calle Wright as a new part of the Paseo Museo tour. The components for the two-day festival are: Palihan, a workshop-all-you-can experience offering hands-on art exploration and learning; Palabas, featuring performances by 169 participating performing arts groups; the Paseo Museo hop-on, hop-off curatorial tours across 17 museums and galleries in Metro Manila; a business-to-business platform for embassies and arts programmers titled Palitan; the Pamilihan marketplace with food stalls, artisanal treats, and handcrafted goods; and a new component called Paligsahan, which spans competitions like cosplay, TikTok, photography, mobile games, and short filmmaking. The CCP Pasinaya embraces a “workshop-all-you-can, watch-all-you-can, and pay-what-you-can” approach. Registration is available online through the official CCP Facebook page.

+

Watch Abbott Elementary, 9-1-1: Nashville on Disney+

+

THIS JANUARY, several acclaimed and long-running titles are streaming new episodes on Disney+. One of these is crime-dramedy series High Potential, starring Kaitlin Olson as extraordinary and eccentric Morgan Gillory, a cleaning lady for the Los Angeles Police Department recruited as an investigative consultant. Another is the returning 9-1-1 and its newest spinoff, 9-1-1: Nashville, updating the drama franchise that follows different first responders in their day jobs. There’s also the critically acclaimed mockumentary Abbott Elementary, created by and starring Quinta Brunson, centered on a group of dedicated, underfunded teachers in a fictional public school in Philadelphia.

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+

Listen to Cavetown’s new album

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CAVETOWN, the moniker of UK-born artist Robin Skinner, has released his new album, Running With Scissors, via Futures Music Group. The record is emotionally expansive and aims to capture the disorienting threshold between youth and adulthood, braided together sonically through hyper-pop, heavy guitars, and dream-pop sounds. Alongside the album is the lead single and music video for “Cryptid,” which explores Skinner’s experience as a transgender person. The album is out now on digital music streaming platforms.

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+ https://www.bworldonline.com/wp-content/uploads/2026/01/1-stuff-to-do-pcci-dog-show-2026-thumb-300x200.jpg - CREC targets 3-GW renewable portfolio by yearend - https://www.bworldonline.com/corporate/2026/01/21/725437/crec-targets-3-gw-renewable-portfolio-by-yearend/ + PLDT, Smart deploy technology to improve connectivity in remote areas + https://www.bworldonline.com/corporate/2026/01/23/725967/pldt-smart-deploy-technology-to-improve-connectivity-in-remote-areas/ - Tue, 20 Jan 2026 16:04:15 +0000 + Thu, 22 Jan 2026 16:05:21 +0000 - - https://www.bworldonline.com/?p=725437 + + https://www.bworldonline.com/?p=725967 - - SAAVEDRA-LED Citicore Renewable Energy Corp. (CREC) is diversifying its renewable energy (RE) portfolio with the development of onshore wind farms totaling nearly 200 megawatts (MW).

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CREC President and Chief Executive Officer Oliver Y. Tan told reporters last week that the company aims to complete a 45-MW wind power project in Camarines Sur by next year. Its 152-MW wind farm in Iloilo is expected to be finished within the next three years.

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The wind projects are being developed in partnership with Singapore-based Levanta Renewables, a collaboration established in 2024.

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Together, CREC and Levanta are developing four onshore wind projects across Luzon and Visayas with a combined capacity of 375 MW. These projects secured offtake agreements through the Department of Energy’s green energy auction program in 2023.

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CREC has doubled its capital expenditure budget for 2026 to around $2 billion to support the rollout of 1.2 gigawatts (GW) of solar power projects.

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The company, directly and through its subsidiaries and joint ventures, manages a diversified portfolio spanning renewable energy generation, power project development, and retail electricity supply. It currently operates solar facilities in the Philippines with a combined gross installed capacity exceeding 500 MW.

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CREC aims to scale its portfolio to around 5 GW by 2028 and is targeting a 3-GW capacity by the end of this year.

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At the local bourse on Tuesday, CREC shares closed unchanged at P4.45 apiece. — Sheldeen Joy Talavera

+ + PLDT INC. and its wireless unit Smart Communications, Inc. have deployed new technologies to enhance internet connectivity in remote and geographically isolated and disadvantaged areas (GIDAs).

+

“By working hand-in-hand with our partners in government, we believe we can roll out a stronger, more resilient network faster and more efficiently,” PLDT Chief Operating Officer Menardo G. Jimenez, Jr. said in a media release on Thursday.

+

The Pangilinan-led telecommunications company said connecting underserved communities requires multiple solutions to ensure faster and more reliable internet services.

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To reach GIDAs, PLDT said it will continue investing in network infrastructure and innovative technologies, while also strengthening partnerships with government agencies and industry stakeholders.

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“PLDT’s investments in innovating to enhance its network are aligned with the Group’s broader thrust to deliver improved services to customers nationwide. It also supports PLDT and Smart’s commitment to national development through strategic partnerships that expand digital access and enhance the delivery of essential services,” the company added.

+

On Thursday, PLDT shares rose P26, or 1.95%, to close at P1,360 apiece.

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Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose

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+ https://www.bworldonline.com/wp-content/uploads/2020/12/telcom-tower-third-player-013019-300x164.jpg - Civic mindedness is a must to fight corruption: Lessons from Japan - https://www.bworldonline.com/opinion/2026/01/21/725371/civic-mindedness-is-a-must-to-fight-corruption-lessons-from-japan/ + An ongoing journey towards modernized transport + https://www.bworldonline.com/special-features/2026/01/23/725838/an-ongoing-journey-towards-modernized-transport/ - Tue, 20 Jan 2026 16:04:12 +0000 - - - - - https://www.bworldonline.com/?p=725371 + Thu, 22 Jan 2026 16:05:06 +0000 + + + + + + + https://www.bworldonline.com/?p=725838 - - (Part 3)

-

However his Presidency will be remembered, President Ferdinand Marcos, Jr. will stand out as the Philippine Head of State who arouse the whole nation — civil society, the Catholic Bishops, the academe, and a whole range of cause-oriented political groups — to fight with all their might against corruption in all of its forms, whether public or private.

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His statement “Mahiya naman kayo!”* — whatever his motivation was — will be the rallying cry of all those who will fight to rid the country of the heinous crimes of thievery, dishonesty, and deception. The multi-trillion peso robbery we have recently witnessed due to the corrupt practices directly associated with the infrastructure projects of the Department of Public Works and Highways (DPWH) literally cries out to heaven for vengeance because those humongous sums have been directly stolen from the poorest of the poor. They could have been spent improving the nutritional, educational, health, and housing conditions of the poorest of the poor.

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We want to be optimistic and expect a reduction of corrupt practices in the near future as we witness some of the guilty ones go to jail; the passing of laws that will make it more difficult for the incorrigible thieves to continue plundering the public coffers; the further strengthening of institutions like the Supreme Court, the Office of the Ombudsman, and the Commission on Audit, among others. Since we were not born yesterday, however, we know that some form of corruption will continue to hound Philippine society as it has in practically all upper middle-income and high-income economies surrounding us in the Indo-Pacific region, except perhaps Japan and Singapore. We may learn some lessons from these two countries that are on top of the Good Governance global ranking year after year, together with countries like Finland, Denmark, Switzerland, Sweden, and the Netherlands.

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It may strike us that none of the top countries when it comes to good governance are predominantly Catholic, like the Philippines is. Although we fully appreciate all the moral guidance we get from our spiritual leaders, starting with the Supreme Pontiff and the Bishops, and their prayerful pleas, many times their exhortations seem to fall on deaf ears. The answer can be found in the theological principle that grace does not destroy nature.

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A society must first work unstintingly on forming the necessary human virtues that are the foundation of a just society among its citizens. This task is independent of the religious belief predominant in a given country. We must remember that “nature” refers to what human beings are by creation. God imbued in every human being with reason and free will, a moral conscience, and the natural ability (even before grace) to cultivate the natural virtues of justice, prudence, temperance, and courage, among others. By nature, human beings are created good and are ordered toward truth and goodness. They are  capable of knowing God in a limited way through reason (natural theology).

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After the fall of our first parents, however, human nature has been wounded by sin, the only evil in the world. Because of this original sin, human beings are inclined to error and selfishness, and pride. Man has the three-fold concupiscence: of the eyes (greed); of the flesh (lust); and the pride of life. He was rendered unable by his own nature to reach his supernatural end which is the Beatific Vision. This is where Grace comes in. It is a free and undeserved gift of God, a supernatural participation in God’s own life and given through Christ, especially in the Sacrament. Grace enables human beings to be healed from sin, to act beyond their natural powers and attain supernatural ends, especially eternal bliss in heaven.

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Human nature alone can aim at earthly happiness, moral goodness, and a natural knowledge of God. That is why in some non-Christian societies like Japan, there can be traditional practices embedded in child rearing through which the human virtues of concern for the common good, orderly behavior, the spirit of cooperation, and hard work can be cultivated on the basis of human nature alone. Grace is not needed in the cultivation of these human virtues. What Grace does is to raise humanity to divine sonship, friendship with God, and eternal life beyond natural capacity. This elevation is not owed to nature; it is purely a gift. Christ died to save mankind from sin out of pure generosity.

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That is why it would be enlightening for us to examine what countries with low levels of corruption like Japan and Singapore practice that, based on human nature alone, nurture the virtue of civic mindedness among their citizens. We Catholics, should remember that if we don’t make the effort to train our children to be naturally concerned about the welfare of others, about the good of the community, about the good of the entire country, no amount of praying and going to the Sacraments will rid our country of corruption. Grace perfects nature. It does not replace it. Human institutions and human virtues matter. Grace does not replace politics, economics, or culture. It purifies, elevates, and directs them toward the common good, which is a social or juridical order which enables every member of society to attain his or her integral human development. Let us now study how the Japanese are able to cultivate among their young the virtues needed to keep corruption at as low a level as possible in their society.

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Consulting with Chat GPT, we learn that the Japanese people cultivate social virtues — such as respect, discipline, cooperation, responsibility, and community orientation — through a systematic mix of family upbringing, school practices, cultural norms, and community institutions. These habits are nurtured early in childhood and continue to be developed throughout life. It must always be kept in mind that a virtue is a habit to do good that is developed by constant repetition, by conscious acts of the human will until it becomes spontaneous.

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The process necessarily begins with the family, the foundation of society that should be protected from the evils of rampant divorce, live-in arrangements, single motherhood, same-sex unions, birth control, and abortion. Japanese families instill amoiyari (thoughtfulness for others) from early childhood. Children are taught to be considerate, avoid inconveniencing others, and maintain harmony. Parents emphasize politeness (traditional greetings, gratitude, honorific speech especially in addressing the aged). Children learn routines such as helping with household tasks, sharing, and apologizing sincerely.

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At the pre-school and kindergarten stage during which early socialization is the focus, there is more time and effort devoted to character building than academic rigor. Some of the key practices consist of group play and cooperation rather than competitive sports; and an emphasis on self-reliance: as soon as they are physically able, children put away their things, dress themselves, and serve meals. There is a very early introduction to cleanliness and orderliness. Teachers exert all effort possible to be models of calm, patience, and respect instead of having recourse to strict punishment at the first provocation. This character forming stage helps form the habit of acting as part of a group while taking responsibility for oneself.

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At the elementary school level, there is even greater emphasis on civic or social virtues. For example, the pupils clean their own classrooms, hallways, toilets, school grounds or premises (this is called o-soji). The children are made very conscious of their responsibility to the group, the importance of being humble, respect for shared spaces, and the spirit of cooperation. There is constant reinforcement of the idea that everyone contributes to the welfare of the community, regardless of social status. Daily class duties revolve around students rotating roles such as leading greetings, managing lunch distribution, organizing materials, watering plants, and monitoring hall behavior.

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All these actions (not mere exhortations) create a sense of ownership, discipline, and civic duty. Supplementing these actions is moral education (dotoku kagami). In these classes, the teachers expound on the human virtues of honesty, empathy, perseverance, and respect for others. Subjects include contributions to society, environmental responsibility, and conflict resolution. Lessons often use stories, case studies, and role-playing rather than lectures.

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(To be continued.)

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*Mahiya naman kayo can be translated as “Have some shame.”

-

 

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Bernardo M. Villegas has a Ph.D. in Economics from Harvard, is professor emeritus at the University of Asia and the Pacific, and a visiting professor at the IESE Business School in Barcelona, Spain. He was a member of the 1986 Constitutional Commission.

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bernardo.villegas@uap.asia

+ + Transportation may very well be the very engine that keeps any economy running. The sector, after all, is responsible for connecting producers to resources and consumers, creating jobs in the making of roads and in the driving of vehicles, boosting productivity by lowering costs, and fostering overall growth by moving goods, services, and people efficiently.

+

Dealing with the difficult task of making lives easier for millions of Filipino motorists and commuters, the Department of Transportation (DoTr) is the government entity in charge of promoting, developing, and regulating a dependable and coordinated network of transportation systems, as well as providing fast, safe, efficient, and reliable transportation services.

+

Established under the Malolos Constitution on Jan. 21, 1899, the agency, then called the Communicaciones y Obras Publicas, was given the role of accelerating the country’s economic development through the creation of effective and efficient transportation infrastructure systems.

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After 80 years of regulating transportation activities in the country, the Ministry of Transportation and Communication (MoTC) was created pursuant to Executive Order No. 546 with the task of regulating a dependable and coordinated network of transportation and communication systems in the country. Eight years later, the MoTC converted to the Department of Transportation and Communications (DoTC) through Executive Order No. 125.

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With the signing of Republic Act No. 10844 in 2016, the communications portfolio from the DoTC was removed following the creation of the Department of Information and Communications Technology (DICT). Hence, the department’s current name.

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Expanded capacity

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Artist’s render of Siargao Airport, one of the Philippine airports currently undergoing improvements — Photo from facebook.com/DOTrPH
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This year, the agency is marking its 127th year in service of Filipinos, remaining committed to providing comfortable, accessible, safe, sustainable, and affordable transportation for Filipinos.

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As the department reflects on more than a century of service and modernizing Philippine transport, it is equally important to highlight the agency’s recent achievements that show its lasting impact on the lives of Filipinos.

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For rail transport, the DoTr has consistently maintained its standard in what may be the country’s busiest transport systems: the Metro Rail Transit Line 3 (MRT-3), the Light Rail Transit Line 1 (LRT-1), and Light Rail Transit Line 2 (LRT-2). Last year, both the MRT-3 and LRT-2 lines observed an increase in ridership, with the former recording a total of 141,626,536 passengers in 2025, higher than the 135,885,336 commuters served in 2024, and the latter tallying a total of 58,754,981 passengers served in last year compared to around 50.7 million total passengers the year before.

+

Over the past few years, the country’s rail system has seen improvements led by the DoTr. The most important of which is the completion of Phase 1 of the LRT-1 Cavite extension project, which opened up five new stations spanning from Pasay City to Sucat, Parañaque City. Additionally, the agency partnered up with the finance superapp GCash last year to enable commuters to pay for their fares in the MRT-3 railway line through cashless methods.

+

The department has also carried out road decongestion works to remedy the capital region’s notorious traffic problem. One of the most visible successes in this area is the EDSA Busway, which has drastically reduced travel times along the capital’s busiest road by dedicating a lane exclusively for buses. This system has not only made commuting more predictable for thousands but has also served as a model for “people-centric” infrastructure that prioritizes high-capacity public transport over private vehicles.

+

Simultaneously, the Public Transport Modernization Program (PTMP) continues its phased implementation across the country. The project aims to replace aging, high-emission jeepneys and buses with safer, Euro-4-compliant modern public utility vehicles. In recent budget hearings, the increase in subsidy for cooperatives by the said program has been discussed to rise from P260,000 in 2025 to P400,000 in 2026.

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In aviation, the agency has worked tirelessly to shed what is globally perceived as a legacy of congestion and inefficiency. The most significant move in this direction is the landmark privatization and rehabilitation of the Ninoy Aquino International Airport (NAIA) via a public-private partnership. Since the turnover to the San Miguel-led New NAIA Infra Corp. (NNIC), the gateway has seen improvement in terminal efficiency, upgraded baggage handling systems, and improved facilities, all aimed at restoring the airport’s reputation and elevating the passenger experience.

+

Similar to the rehabilitation efforts at NAIA, modernization efforts of the Tuguegarao, Bacon, Loakan, Daet, Cauayan, Vigan, and Candon airports are taking place, according to the DoTr. Catbalogan, Dumaguete, Kabankalan, Calbayog, Zamboanga, Mati, M’lang, Jolo, Siargao, and Tandag airports in Visayas and Mindanao will also undergo improvements.

+

Maritime travel improvements have also been made in various ports in the country. An example of this is the Amandayehan Port in Basey, Samar. Improvements made on the port include increasing its service capacity, with six landing craft tank (LCT) vessels, as well as addressing the alleged “palakasan” (patronage) system and illegal collection of fees raised by port users.

+

Last year, the Philippine Ports Authority, under the DoTr, said that it allocated as much as P1.42 billion for the expansion and improvement of three ports in the country, including the third phase of the Malalag Port expansion project in Davao del Sur; Lipata Port improvement project in Surigao del Norte; and Buenavista Port expansion project in Guimaras.

+

Sustainable transport

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Aside from these achievements in different areas of transportation, the DoTr has also begun on projects that seek to make Philippine transport more convenient, inclusive, and sustainable.

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Part of this is the transportation department’s recently launched Active Transport Project, aimed at promoting healthier and more sustainable modes of transport. Under the program, pedestrians and non-motorized vehicles are prioritized in the hierarchy of road users, with the DoTr mandated to focus on the development of active transport infrastructure. The project is pegged to establish 2,400 kilometers of protected and dedicated lanes for cyclists by 2028.

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Topping off the agency’s lengthy list of accomplishments, the Transportation department, together with the DICT, launched the DICT Free WiFi for All program along EDSA Busway Stations, which will provide internet connection to over 183,000 passengers daily. Based on data from the department, the EDSA busway ridership jumped by 6% from 63.02 million in 2024 to 66.67 million last year.

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Projects in the pipeline for the agency include the highly anticipated Metro Manila Subway Project (MMSP), often referred to as the “Project of the Century.” Complementing this is the North-South Commuter Railway (NSCR) system, a massive 147-kilometer rail network that will link Clark in Pampanga to Calamba in Laguna. The agency is also making significant strides in regional rail development through the PNR South Long Haul project, popularly known as the “Bicol Express.”

+

The department is also looking into the development of more Intermodal Terminal Exchanges (ITX) to provide commuters with seamless transfers between different modes of transport, similar to the operations of the Parañaque Integrated Terminal Exchange (PITX).

+

As the DoTr enters its 127th year, these ambitious projects signify its vision of a Philippines that is fully connected and economically vibrant. By blending the preservation of its historical mandate with the adoption of world-class technology and sustainable practices, the DoTr continues to drive the nation forward and ensure that the “engine” of the Philippine economy remains fueled for the generations of commuters yet to come. — Jomarc Angelo M. Corpuz

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+ https://www.bworldonline.com/wp-content/uploads/2026/01/SF_Main-1-OL-300x200.jpg - LANDBANK plans to open 15 new branches, branch-lite units this year - https://www.bworldonline.com/banking-finance/2026/01/21/725415/landbank-plans-to-open-15-new-branches-branch-lite-units-this-year/ + Sun Life Philippines looking to boost digitalization initiatives + https://www.bworldonline.com/banking-finance/2026/01/23/725909/sun-life-philippines-looking-to-boost-digitalization-initiatives/ - Tue, 20 Jan 2026 16:03:36 +0000 + Thu, 22 Jan 2026 16:04:46 +0000 - https://www.bworldonline.com/?p=725415 - - - LAND BANK of the Philippines (LANDBANK) is planning to open 15 branches and branch-lite units nationwide this year as it looks to make financial services available to more Filipinos.

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“By expanding our touchpoints, LANDBANK continues to ensure that financial services remain accessible, inclusive, and responsive to the evolving needs of our clients — especially in the countryside. These new facilities reflect our sustained commitment to empower local economies and support national development,” LANDBANK President and Chief Executive Officer Lynette V. Ortiz said in a statement on Tuesday.

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The bank ended 2025 with 615 branches and branch-lite units, as well as 3,268 automated teller machines (ATMs), 3,882 ATMs in partner 7-Eleven convenient stores, and 236 cash deposit machines.

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It also has 1,001 LANDBANKasama Partners, which include client cooperatives, associations, rural banks, local government units, and small enterprises  tapped by the state-run lender to provide basic banking services like cash withdrawals, deposit, fund transfers, bills payment, and balance inquiry.

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In December, LANDBANK opened a new corporate center in Isabela and five branches and branch-lites to expand its footprint across Luzon, Visayas, and Mindanao.

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The bank’s corporate centers serve as a one-stop shop for clients.

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Meanwhile, its new branches and branch-lite units are equipped to deliver a “phygital” or physical and digital user experience in line with LANDBANK’s digitalization intiaitvies.

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“Through its expanding network, LANDBANK continues to support government programs, including social protection disbursements, salary loans for employees, and credit assistance for priority sectors, contributing to inclusive growth and countryside development,” the state-run bank said.

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LANDBANK’s net income climbed by 41.79% year on year to P35.64 billion in the first nine months of 2025. — A.M.C. Sy

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- - IdeaSpace Ventures sees brighter outlook for Philippine startups in 2026 - https://www.bworldonline.com/bw-launchpad/2026/01/21/725384/ideaspace-ventures-sees-brighter-outlook-for-philippine-startups-in-2026/ - - - Tue, 20 Jan 2026 16:03:21 +0000 - - - - https://www.bworldonline.com/?p=725384 + https://www.bworldonline.com/?p=725909 - - By Beatriz Marie D. Cruz, Reporter

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IDEASPACE Ventures, the startup accelerator arm of the MVP Group, said 2026 is shaping up to be a strong year for Philippine startups, as local founders show greater maturity even as competition from foreign firms intensifies.

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“The future of the Philippine startup scene has never looked brighter, and 2026 is shaping up to be a coming-of-age year,” IdeaSpace Executive Director Alwyn Joy E. Rosel said in an e-mailed reply to questions.

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She said local startups have moved beyond copying business models from Silicon Valley and other overseas hubs, with more founders building companies that address domestic needs and contribute to national development.

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“Filipino founders have really matured,” Ms. Rosel said. “They are not just pitching dreams; they are coming to us with real businesses that already have paying customers or pilot tests with companies.”

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She added that startup activity is gaining traction outside Metro Manila, with growth seen in cities such as Iloilo, Davao and Cagayan de Oro, reflecting broader access to talent and markets.

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Demand this year is expected to favor startups offering business-to-business and digital services, as companies seek to automate inventory management, payments and logistics, Ms. Rosel said.

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Financial technology is also seen as a growth area, including digital wallets, microinsurance, remittances and person-to-government payments.

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Climate technology and renewable energy startups might also see rising demand as extreme weather events heighten the need for resilience and sustainable solutions, she added.

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Despite the positive outlook, Ms. Rosel said Philippine startups continue to face challenges, particularly in funding and talent, as global companies compete for skilled workers and capital.

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To attract investors, she said founders need to show a clear path to profitability, while talent retention increasingly depends on company culture and purpose, not just pay.

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“It is not just about salary anymore, but about building a great company culture and offering people a chance to solve real, meaningful Filipino problems that global firms often do not touch,” she said.

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IdeaSpace runs a Startup Accelerator Program that provides mentorship, training and access to industry networks.

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Six startups graduated from its 13th cohort, including KaHero Apps, Inc., Soolok Properties Inc., Xure, DashoContent, Cloverly.tech and Polka Motors.

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For its next cohort, IdeaSpace would remain sector-agnostic and would not set a fixed number of participants, Ms. Rosel said.

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“While we typically see an average of about six startups per cohort, the final number depends on the quality of the applications and how well we feel we can support them,” she said.

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IdeaSpace is also working with a local university to help turn student projects and academic research into viable ventures. It is strengthening partnerships in the Philippines and overseas to support startup growth in the provinces.

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“We want to make sure that a founder in the Visayas or Mindanao has the same access to resources as someone in Makati,” Ms. Rosel said.

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Established in 2012, IdeaSpace is backed by First Pacific Co. Ltd., Metro Pacific Investments Corp. (MPIC), PLDT Inc., Smart Communications, Inc., Manila Electric Co. and Maynilad Water Services, Inc.

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MPIC is one of the three key Philippine units of First Pacific, the others being Philex Mining Corp. and PLDT.

-

Hastings Holdings, Inc., a unit of the PLDT Beneficial Trust Fund subsidiary MediaQuest, has a majority stake in BusinessWorld through the Philippine Star Group, which it controls.

+ + SUN LIFE of Canada (Philippines), Inc. (Sun Life Philippines) will ramp up its technology investments to further expand its reach via online distribution platforms and create specialized products to cater to Filipinos’ varying insurance needs.

+

“Tech is going to be one of my focus areas… I would like to leverage the digital savviness of Filipinos. The use of technology to make higher value transactions, it’s still not yet there, especially as insurance would be a higher value transaction. But I want to already be in that space where they think of Sun Life once they are ready to make a high-value transaction,” Sun Life Philippines President and incoming Chief Executive Officer (CEO) and Country Manager Jonathan Juan “JJ” D. Moreno told BusinessWorld on the sidelines of an event this month.

+

“I want to be able to catch that wave because it’s going to be very difficult if that’s the only time I will build a platform once the market is ready for those kinds of things.”

+

He said younger Filipinos who are digital natives are becoming increasingly aware of the importance of financial protection.

+

“We’re seeing a trend. We’re seeing that more and more, there are younger cohorts, young professionals actually buying insurance, realizing that it’s an essential expense,” Mr. Moreno said.

+

While these individuals usually do their research on insurance via digital platforms, they still prefer to consult with human financial advisors and transact in person when they want to avail of policies, he said.

+

“Some do not want to be approached by an agent immediately. They’ll do their own research, they’ll do everything, they’ll use AI (artificial intelligence) to compare the products, and then when they’re ready, they call an agent.”

+

They’ve seen the same trend among high-net-worth individuals, he said.

+

Recognizing this consumer behavior, Mr. Moreno said insurers can boost their digital distribution by first offering simple, straightforward, and lower value products that are tailored for specific needs that clients would be confident to buy via online channels.

+

For their part, Sun Life Philippines plans to launch products targeting employees and professionals, the high-net-worth segment, and business owners this year.

+

“So, it would be correct to say that we will launch low-value products… The products we will be launching will be specifically tailored to address a particular segment.”

+

He said there has been strong demand for traditional life insurance and variable unit-linked products among Filipinos.

+

“After the previous year, there was a shift towards more traditional products in terms of product creation. That’s due to global headwinds, but it’s still just going down,” Mr. Moreno added.

+

At end-September, Sun Life Philippines topped the life insurance sector with a premium income of P44.73 billion. — A.M.C. Sy

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+ https://www.bworldonline.com/wp-content/uploads/2025/02/Sun-Life-Centre-300x200.jpg - Emirates to add four weekly Manila-Dubai flights from April - https://www.bworldonline.com/corporate/2026/01/21/725436/emirates-to-add-four-weekly-manila-dubai-flights-from-april/ + DENZA to launch first EV model in Philippines next month + https://www.bworldonline.com/corporate/2026/01/23/725966/denza-to-launch-first-ev-model-in-philippines-next-month/ - Tue, 20 Jan 2026 16:03:15 +0000 + Thu, 22 Jan 2026 16:04:21 +0000 - - https://www.bworldonline.com/?p=725436 + + https://www.bworldonline.com/?p=725966 - - DUBAI-BASED carrier Emirates will expand its Manila-Dubai services with four additional weekly flights starting April 2.

-

The new flights, scheduled on Mondays, Wednesdays, Thursdays, and Saturdays, will raise Emirates’ Manila-Dubai weekly services to 32 from the current 28, it said in a statement on Tuesday.

-

These will be operated using the Boeing 777-300ER, which can carry up to 20 tonnes of cargo, eight first-class private suites, 42 lie-flat business-class seats, and 304 economy seats.

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“With the expansion, Emirates now offers more options and improved connectivity to travelers, including a large number of Filipinos across our global network,” the airline said.

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The additional flights will also shorten connections to and from Canada, the United States, Milan, London, Budapest, and Athens via Dubai.

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Emirates said the extra frequencies will increase cargo capacity, supporting imports and exports, particularly in light of the recently signed comprehensive economic partnership agreement (CEPA) between the United Arab Emirates and the Philippines.

-

Currently, Emirates offers up to 22,700 weekly seats between Manila and Dubai with 28 weekly flights. The airline also maintains a partnership with Philippine Airlines (PAL), extending its domestic connectivity to Manila, Cebu, and Clark.

-

Last year, Emirates said it was exploring further expansion of its partnership with PAL to serve more passengers and enhance cargo operations. — Ashley Erika O. Jose

+ + PREMIUM ELECTRIC VEHICLE (EV) brand DENZA, under the BYD Group, is set to launch its first model, the multi-purpose vehicle D9, in the Philippines on Feb. 27.

+

“Many people have been asking me why we (BYD) have grown so fast here in the Philippines. Indeed, it is very fast,” BYD Asia Pacific Auto Sales Division General Manager Xueliang Liu said in Chinese at an event on Thursday.

+

Asked about the brand’s local market presence, he said: “[If] you are asking about the Philippine figures, it would be over 26,000.”

+

BYD Singapore, Philippines, and Brunei Managing Director James Ng said the company’s earlier success in introducing BYD vehicles locally helped motivate the DENZA launch.

+

“In collaboration with ACMobility, we have successfully introduced BYD into the Philippine market and got reception from the public,” Mr. Ng said.

+

“So, with that, this gives us a very strong motivation to introduce DENZA … it gives us very good strength to further push our DENZA brand.”

+

Mr. Liu added that the company plans to introduce the other two models, the sports utility vehicles B8 and B5, later in 2026.

+

On Thursday, DENZA also awarded its initial dealer partners, which will form the foundation of its retail network in the country.

+

The brand partnered with ACMobility Premium Dealership, Inc. for DENZA Alabang and DENZA Cebu; with Harmony New Energy Auto Service (Philippines) Ltd. Corp. for DENZA Makati; and with E-Vantage Motors, Inc. for DENZA Greenhills.

+

At the event, DENZA showcased all three models, though only the D9 will be available for launch next month. — Justine Irish D. Tabile

]]>
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+ https://www.bworldonline.com/wp-content/uploads/2026/01/BYD-300x300.jpg - Governance over politics: Transcending political timelines - https://www.bworldonline.com/opinion/2026/01/21/725370/governance-over-politics-transcending-political-timelines/ + Missing the point — and falling further behind + https://www.bworldonline.com/opinion/2026/01/23/725896/missing-the-point-and-falling-further-behind/ - Tue, 20 Jan 2026 16:03:11 +0000 + Thu, 22 Jan 2026 16:03:56 +0000 - - - https://www.bworldonline.com/?p=725370 + + + https://www.bworldonline.com/?p=725896 - - We often think of politics in six-year segments — the exact length of a presidency or administration. Toward the end of each term, there is little thought about turnovers especially if political opponents are angling to replace the incumbent.

-

To some extent, local politics are the same, except that each segment is three years long, with the preferred outcome of reelection as much as the law allows.

-

This thinking may have been responsible for the personality-anchored way we think about our government. Leaders are always larger-than-life characters, and their names become brands that they build, nurture, and protect.

-

This is a natural instinct. Elections, after all, remain to be a popularity contest, with the candidate with the highest number of votes emerging as the winner. It becomes dangerous as soon as it takes the focus away from the actual constituency — the millions of Filipinos who must be served. Once someone has been proclaimed and sworn in, one must shed being a politician and act like a true leader, even to the point of making difficult and unpopular decisions.

-

Yesterday, Jan. 20, the Stratbase Institute launched our book Politiká Beyond 2028: The Urgency for Resilient Growth, Inclusive Governance, and Geostrategic Thinking. We chose this title to reflect what we believe is a sound approach to leadership during these difficult times. Indeed, we need a cohesive, forward-looking, and strategic approach to address multi-domain threats, economic vulnerabilities, and governance challenges in the context of evolving geopolitical dynamics in the Indo-Pacific region.

-

This is a collection of think pieces and research articles that show we can never truly talk of national events through a single lens. It underscores the interconnected nature of economic security, governance, and defense as we advocate institutional reforms to combat corruption, enhance public trust, and ensure effective policy implementation.

-

Through the book, we emphasize the need to shift from fragmented responses to long-term strategies that address multi-domain threats. By creating resilience across sectors, the Philippines can position itself as a proactive and resilient player in the region, capable of navigating the complexities of major power competition while advancing its national interests.

-

These multi-faceted, interconnected, and complex issues know no political timelines. These concerns will continue to define both the Philippines’ stake and its trajectory, regardless of the occupants of the seats of power.

-

But what exactly are these domains? We believe there are three most urgent spheres: maritime security and defense posture, cybersecurity and disinformation, economic security and regional cooperation.

-

On the first concern, we believe in transitioning the Armed Forces of the Philippines (AFP) from an organization focused on counterinsurgency to one with a multi-domain defense strategy addressing land, sea, air, cyber, and space threats. This includes modernizing the AFP and Philippine Coast Guard to counter China’s gray zone tactics and ensure freedom of navigation in the West Philippine Sea, as well as leveraging alliances with the United States, Japan, and Australia to enhance maritime domain awareness and defense capabilities.

-

When it comes to addressing cybersecurity and disinformation threats, we believe the focus should be on countering cyber-enabled disinformation campaigns that undermine public trust, sow division, and erode democratic processes. We also need to develop a comprehensive cybersecurity framework, enhance public resilience through media literacy, and collaborate with international partners to counter foreign malign influence operations. Promoting transparency campaigns and counter-narratives to expose aggressive actions and combat disinformation effectively is important.

-

Finally, to promote economic security and regional cooperation, we support the diversification of trade and investment partnerships to mitigate external vulnerabilities and reduce reliance on single markets, particularly China. We should strengthen the ASEAN’s institutional capacity and promote economic integration to reinforce regional stability amid intensifying US-China competition and collaborate with ASEAN member states and align national interests with regional priorities to advance economic and geopolitical stability.

-

If we could succeed in this, we could strategically position the Philippines as a promising hub for business and investment in the Indo-Pacific region. We can leverage our geostrategic location, abundant natural resources, and young, skilled workforce. By implementing key reforms such as economic diversification, transparent governance, and infrastructure development, the country can foster a stable and predictable investment climate that appeals to global investors. Such will have immediate and tangible benefits that would trickle down to Filipino communities and households across the country.

-

The recurring theme of the book is the importance of adopting a long-term, cohesive strategy that transcends political timelines and changes in government administration. Economic and political development should not be constrained by short-term political cycles or shifts in leadership. Instead, the Philippines must prioritize institutional reforms that ensure continuity, transparency, and accountability in governance, regardless of the administration in power.

-

Through the book, we reiterate our call for unified action, emphasizing collaboration among government agencies, civil society, the private sector, and international partners to safeguard national interests and ensure sustainable development. We emphasize the importance of leveraging strategic and regional partnerships, as well as proactive leadership and institutional reforms.

-

Governance and leadership should never be viewed in administrative terms. Rather, they are long-term pursuits that must ultimately redound to the benefit not of any single political party or family, but of the Filipino people.

+ + In our “In Brief” for New York-based GlobalSource Partners last Monday, and in my interview with Cathy Yang on Money Talks that same day, we addressed a simple but consequential question: Are the Marcos Jr. administration’s responses to deteriorating business sentiment truly game-changing, or do they merely move the needle?

+

The decline in sentiment among business and civil society is not cyclical noise. It reflects a hard judgment: the state has failed to curb corruption and enforce good governance. Without restoring integrity in public institutions, public resources will continue to be siphoned away from infrastructure, innovation, sound economic planning, public health, and education. Without good governance, there can be no durable growth.

+

Against this backdrop, government officials announced a slate of “big, bold reforms.” The issue is not whether these reforms are well intentioned. The issue is whether they represent a break from the past — or simply another iteration of familiar promises.

+

Several agencies outlined commitments. Tourism, Agriculture, and Agrarian Reform pledged modernization initiatives. The Department of Trade and Industry, Board of Investments, and Department of Information and Communications Technology committed to attracting high-impact investments and accelerating digital transformation. Regulatory agencies — the Securities and Exchange Commission, Food and Drug Administration, the Philippine Competition Commission, and the Department of Environment and Natural Resources — promised to streamline procedures and reduce bottlenecks.

+

We readily acknowledge that engagement with the private sector is necessary. Signaling reform intent and addressing the high cost of doing business, much of it driven by regulatory inefficiency, are overdue. Streamlining processes and cutting red tape are welcome steps. They should, however, have been done on day one of every administration over the past two decades. We are now into the last two and a half years of President Ferdinand Marcos, Jr.’s term.

+

Yet these initiatives are not sufficient. They miss the core of the problem.

+

As one broadsheet captured succinctly: “Corruption puts investors on edge.” The deeper issue can be summarized as TEA: weak transparency, selective enforcement and execution, and uncertain accountability. These deficits corrode trust far more severely than administrative delays. When corruption is systemic, public funds are diverted away from research and development, innovation, and productivity-enhancing infrastructure. The consequence is slower growth, weaker efficiency, and fading regional relevance.

+

Specific examples underscore the point. How does restoring P4.32 billion to the CARS (Comprehensive Automotive Resurgence Strategy) Program reverse decades of manufacturing hollowing? How does visa-free entry for Chinese nationals boost tourism and investment when signage is inadequate, connectivity is weak, and destinations are poorly maintained? How does IMF-compliant debt reporting restrain a growing bias toward borrowing rather than fiscal consolidation? How does digitizing Bureau of Internal Revenue audits prevent abuse of Letters of Authority when discretion remains entrenched in enforcement? In each case, the reform is procedural; the problem is institutional.

+

A wry comparison in social media illustrates the gap between reform as rhetoric and reform as rupture:

+

• Vietnam: “We will reduce provinces from 63 to 34 and cut 30% of party commissions and ministries — making the state leaner and easier to coordinate.”

+

• Philippines: “We will eliminate visas for Chinese tourists and create a National Single Window for Imports.”

+

Both are reforms. Only one fundamentally alters how power, accountability, and coordination operate.

+

This distinction helps explain why, despite respectable GDP growth, often ranking second only to Vietnam for 2025 and perhaps for 2026 as well, many Filipinos feel no corresponding improvement in their lives. Inflation may be contained, but absolute prices remain beyond household capacity. Jobs exist, but many are insecure and poorly paid. The economy appears stable, but it lacks the resilience to absorb future shocks.

+

The proposed reforms will not overturn a consumption-led growth model fueled by remittances and Business Process Outsourcing receipts. The Philippines has a weak industrial base, a fragmented, if not absent, industrial policy, limited processing of raw materials, feeble exports, Asia’s highest power costs, chronic port congestion, and unpredictable investment rules — problems flagged repeatedly by multilateral institutions, with little sustained follow-through.

+

Indonesia and Vietnam stand in sharp contrast. Private consumption accounts for less than 60% of GDP in both countries, compared with over 70% in the Philippines. Gross investment consistently exceeds 30% of GDP in Indonesia and Vietnam, versus roughly 23% in the Philippines. Indonesia anchors growth on resource-based manufacturing; Vietnam on export manufacturing. Investor trust reflects this reality: Tesla suppliers and Hyundai invest in Indonesia; Samsung, Apple, Intel, and Lego operate at scale in Vietnam. Their industrial zones, logistics, and incentives are coherent, predictable, and credible.

+

In short, the Philippines grows by spending more; Indonesia and Vietnam grow by making more.

+

This brings us to what game-changing reform actually looks like. For that, Canadian Prime Minister Mark Carney’s Davos speech is instructive.

+

Carney offered an unvarnished diagnosis: we are witnessing “the rupture of the world order” — the end of comforting narratives and the emergence of a brutal reality in which great-power geopolitics is no longer constrained. Territorial pressure over Greenland, regime-change intervention in Venezuela without a clear multilateral mandate, and the weaponization of tariffs against allies, including Canada, all signal that the old rules no longer hold.

+

The appropriate response, Carney argued, cannot be superficial. Middle powers must decide whether to retreat behind walls or act with ambition. His prescription was both principled and pragmatic: anchored on sovereignty, territorial integrity, the prohibition of force, and respect for human rights — while recognizing that interests diverge and progress is often incremental.

+

Crucially, Canada acted. It dismantled federal barriers to interprovincial trade. It fast-tracked nearly a trillion dollars in investment in energy, AI, critical minerals, and new trade corridors. It committed to doubling defense spending with domestic industrial linkages. It rapidly diversified trade partnerships and asserted sovereignty in Ukraine, the Arctic, and NATO — marking a decisive departure from automatic reliance on the United States. These were not slogans; they were structural breaks.

+

By contrast, the Philippine response remains tangential. The crisis is a collapse of public trust in the state’s capacity to enforce rules and punish wrongdoing. Yet the policy response centers on process streamlining and visa facilitation. What about the rule of law, or justice, or overhauling the election law, or banning political dynasties?

+

President Marcos’ “Mahiya naman kayo!”* moment in last year’s State of the Nation Address nearly crossed into game-changing territory. It named corruption at an unprecedented scale. But without sustained enforcement, institutional backing, and visible consequences, it remained rhetorical.

+

Which brings us back to “big, bold reforms.” Too many echo recommendations repeated for more than a decade by international financial institutions: better planning, improved budgeting, technical assistance, revenue mobilization. Necessary, yes — but not transformative.

+

Carney’s invocation of Václav Havel’s greengrocer is apt. Everyone displays the slogan — “Workers of the world, unite!” — even though no one believes it. The system endures not through coercion, but through participation in rituals known to be untrue. Havel called this living within a lie.

+

For policymakers, the implication is stark. Game-changing reform is not about announcing familiar fixes with louder adjectives. It is about visibly breaking with practices that hollow out the state: enforcing accountability without exception, dismantling rent-seeking structures, committing to an industrial strategy that survives political cycles, and building institutions that work even when personalities change.

+

Until reform shifts from ritual to rupture, from intent to enforcement, the Philippines will continue to grow on paper while falling behind in reality. And if we continue to post slogans we no longer believe, we should not be surprised when Indonesia and Vietnam pull decisively — and permanently — ahead.

+

*“For shame.”

 

-

Victor Andres “Dindo” C. Manhit is the president of the Stratbase ADR Institute.

+

Diwa C. Guinigundo is the former deputy governor for the Monetary and Economics Sector, the Bangko Sentral ng Pilipinas (BSP). He served the BSP for 41 years. In 2001-2003, he was alternate executive director at the International Monetary Fund in Washington, DC. He is the senior pastor of the Fullness of Christ International Ministries in Mandaluyong.

]]>
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+ https://www.bworldonline.com/wp-content/uploads/2026/01/Protest-antin-corruption-300x200.jpg - BDO sells controlling stake in DHI - https://www.bworldonline.com/banking-finance/2026/01/21/725308/bdo-sells-controlling-stake-in-dhi/ + Infrastructure meets inclusion: Redefining commuter experiences in 2025 + https://www.bworldonline.com/special-features/2026/01/23/725847/infrastructure-meets-inclusion-redefining-commuter-experiences-in-2025/ - Tue, 20 Jan 2026 16:02:53 +0000 - - - - https://www.bworldonline.com/?p=725308 + Thu, 22 Jan 2026 16:03:36 +0000 + + + + + + https://www.bworldonline.com/?p=725847 - - BDO UNIBANK, Inc. (BDO) is selling its controlling stake in its listed investment holding company Dominion Holdings, Inc. (DHI) for P2.54 billion.

-

The bank on Jan. 19 signed a share purchase agreement with Monte Sur Equity Holdings, Inc. to sell 1,513,732,718 shares or 70% of DHI at P1.68 per share, it said in a disclosure to the stock exchange on Tuesday.

-

Following the sale, DHI will no longer be a subsidiary of BDO.

-

“The disposition of DHI is aligned with BDO Group’s continuing policy of streamlining its organizational structure following the conversion of DHI into an investment holding company,” the bank said.

-

On Tuesday, DHI requested a voluntary trading suspension that will be lifted at 9 a.m. on Jan. 21 to give investors time to consider the news.

-

The transaction is still subject to the necessary regulatory approvals and closing conditions, which include the conduct of a mandatory tender offer by Monte Sur Equity Holdings.

-

DHI, formerly BDO Leasing and Finance, Inc., holds or owns real estate properties, securities or shares of stocks, and other assets of companies and engages in investment and business activities involving these assets.

-

The Securities and Exchange Commission in July 2022 approved DHI’s change of name and the shift in its purposes to that of a holding company from a leasing and financing company.

-

DHI booked a net income of P34.81 million in the third quarter of 2025, down from P36.53 million in the prior year. This brought its nine-month profit to P106.43 million, declining from P171.01 million previously.

-

Its shares last closed at P1.40 each on Jan. 19.

-

Meanwhile, its parent BDO’s attributable net income rose by 6.1% year on year to P22.47 billion in the third quarter, bringing its nine-month earnings to P63.09 billion, up 4.07% from the prior year.

-

Its shares dropped by P3.30 or 2.34% to close at P138 apiece on Tuesday.

-

BDO ENDS BOND OFFER
-
Meanwhile, BDO closed its public offering of sustainability bonds ahead of schedule as it saw robust demand, it said in a separate disclosure on Tuesday.

-

“Originally set to run from Jan. 7 to 19, the bank decided to close the offer period early, on Jan. 16, following strong demand from both retail and institutional investors,” the bank said.

-

It has yet to announce the final issue size. The bonds will be issued, settled, and listed on the Philippine Dealing & Exchange Corp. on Jan. 26.

-

BDO earlier said it wants to raise at least P5 billion from its offering of three-year papers that marks its fifth issuance of peso-denominated ASEAN Sustainability Bonds.

-

The bonds carry a coupon rate of 5.7125% per annum. They were offered at a minimum investment amount of P500,000 and in additional increments of P100,000 thereafter.

-

“The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the bank’s Sustainable Finance Framework, support the bank’s lending activities, and diversify the bank’s funding sources,” BDO said.

-

Standard Chartered Bank was the sole arranger for the transaction and was also a selling agent along with BDO. BDO Capital and Investment Corp. was the financial advisor.

-

BDO has issued a total of P286.7 billion in sustainability bonds since January 2022.

-

It last tapped the domestic market in July last year via its fourth ASEAN Sustainability Bond issuance, raising P115 billion via 1.5-year papers, well above the initial P5-billion plan and marking the largest peso bond issuance in the country to date. — A.M.C. Sy

+ + The Philippines has consistently ranked among the countries with the world’s most congested urban corridors. In 2023, Metro Manila recorded some of the highest travel times globally: motorists averaged 25 minutes to cover just 10 kilometers, with over 117 hours lost annually stuck in slow-moving traffic.

+

Recognizing the scale of the problem, the Department of Transportation (DoTr) has been repositioning mobility as a strategic economic enabler rather than a purely operational concern.

+

In 2025, the DoTr undertook a series of interconnected initiatives to improve commuter experiences and strengthen active transport infrastructure nationwide. These efforts reflect evolving policies: sustainable urban mobility, inclusive infrastructure, digital transformation, and integrated land use that incorporates green spaces into transport corridors.

+

The department’s recent initiatives signal a shift away from fragmented interventions toward an integrated transport strategy that addresses infrastructure gaps, operational inefficiencies, and commuter experience simultaneously.

+

Institutionalizing accessibility and inclusion

+

One of the most notable shifts in the DoTr’s strategy has been its move toward participatory planning. At the Philippine Mobility Summit 2025, the department unveiled plans to institutionalize an Accessibility and Inclusion Reference Group (AIRG) — a consultative body comprising of commuters from underrepresented communities, including persons with disabilities (PWDs), senior citizens, women, caregivers, and others with lived experience of mobility challenges.

+

The AIRG is intended to assist technical teams and policy makers in co-designing transport frameworks, feasibility studies, and infrastructure designs that better reflect everyday commuter requirements.

+

This marks a departure from traditional top-down infrastructure planning toward a model that incorporates user insight at every stage, a step toward both accessibility and inclusion in public transport system development.

+

Cycling and pedestrian infrastructure

+

Active transport, consisting of cycling and walking, continued to be a central theme of the DoTr’s strategy. Under the national Active Transport and Safe Pathways Program, more kilometers of bike lanes are being added, linking residential areas with employment centers, transport terminals, schools, and green spaces.

+

The agency plans to build at least 260 kilometers of new bike lanes, advancing toward a long-term target of 2,400 kilometers by 2028.

+

Pedestrian infrastructure remains a priority in parallel with cycling enhancements. Walkways are being constructed and upgraded nationwide to ensure safer and more accessible pedestrian routes, in alignment with the National Transport Policy (NTP) and the Philippine Development Plan (PDP) 2023-2028, which place non-motorized transport at the top of road-user hierarchy.

+

Institutional strengthening

+

To ensure that large-scale transportation projects deliver tangible improvements for commuters, the DoTr established a Flagship Project Management Office (FPMO).

+

Designed to accelerate implementation of high-impact infrastructure programs, the FPMO centralizes oversight of major initiatives such as the Metro Manila Subway Project, North-South Commuter Railway, the EDSA Busway, the EDSA Greenways Project, as well as modernized address programs such as the Cebu Bus Rapid Transit and the Davao Public Transport Modernization Project. These flagship projects aim to ease congestion, cut travel times, and expand intermodal connectivity across the Greater Manila area and key regional hubs.

+

By having senior officials directly monitoring milestones, budget execution, and right-of-way acquisition, the FPMO aims to reduce bureaucratic delays and thus improve service delivery for daily commuters.

+

Green spaces and integrated mobility corridors

+

Operationalizing the synergy between transport and urban green spaces is emerging as a complementary priority.

+

The DoTr’s transport vision also recognizes the role of green infrastructure in shaping healthier cities. By integrating green spaces into active transport corridors, the agency aims to enhance street-level environments for pedestrians and cyclists while supporting environmental goals such as heat mitigation and urban biodiversity.

+

Former Transport Secretary Vivencio “Vince” B. Dizon emphasized that mobility projects should not only move people efficiently but also improve the quality of urban environments by incorporating landscaped corridors, shading vegetation, and pedestrian-oriented green areas.

+

These integrative approaches align with broader goals to make transport corridors more resilient and environmentally friendly, anchoring mobility improvements within healthier, more livable city frameworks where active commuters can enjoy greener surroundings as they travel.

+

During the National Bike Day last year, officials of the department reiterated commitments to expanding bicycle and pedestrian lanes while underscoring that cyclists and walkers should not be marginalized on roads.

+

This safety emphasis complements the broader active transport agenda by ensuring non-motorized users are recognized as legitimate road participants deserving dedicated space and protective infrastructure.

+

As the DoTr’s recent initiatives unfold, the integration of inclusive planning, active transport expansion, flagship project management, and green space integration represents a multi-pronged approach to modernizing mobility in the Philippines.

+

Digitalizing fare payments

+
A digital payment system on MRT-3 allows commuters to pay using mobile wallets, QR codes, or contactless bank cards. — Photo from facebook.com/DOTrPH
+

Beyond physical infrastructure, the DoTr is also focusing on digital innovation and service quality improvements designed to make public transport more convenient and user-friendly.

+

One initiative is the digital transformation of fare payment systems across rail and bus networks. In mid-2025, the DoTr partnered with the Bangko Sentral ng Pilipinas (BSP), Department of Information and Communications (DICT), and GCash to pilot an open-loop, digital payment system on MRT-3. This allows commuters to pay using mobile wallets, QR codes, or contactless bank cards, eliminating queues at ticket booths. The pilot is intended to be expanded to other rail and bus systems.

+

Busway upgrades and commuter amenities

+

The DoTr continues to improve EDSA Busway with targeted station upgrades and rehabilitation projects. In 2025, the department pursued renovations of key busway stations such as Monumento, Bagong Barrio, North Avenue, and Guadalupe.

+

The DoTr is also developing plans to turn over the busway’s operations and management to the private sector through a public-private partnership (PPP), intended to harness private expertise and capital to sustain and modernize the service while preserving dedicated lanes for high-capacity buses.

+

In response to ongoing infrastructure works, the DoTr has also deployed additional buses to bolster capacity and reduce congestion for commuters during rehabilitation periods.

+

Commuter-centric governance

+

To ensure that decision-makers remain grounded in commuter realities, the DoTr issued a directive requiring agency officials to commute weekly using public transport.

+

This policy, championed by Acting Secretary Giovanni Z. Lopez, aims to expose senior staff to firsthand commuter experiences so that policies and projects are informed by actual system conditions and pain points.

+

Officials are expected to document their journeys and identify operational issues, creating a feedback loop between experience and institutional planning.

+

These developments signal a shift toward transport systems that are more accessible, safer, environmentally sound, and attuned to the needs of everyday commuters.

+

The challenge ahead will be scaling these initiatives across urban and regional contexts, monitoring impact on commuter behavior, and ensuring that infrastructure investments tangibly improve daily travel experiences.

+

With coordinated execution and sustained public engagement, these initiatives offer a promising blueprint for a more mobile, connected, and inclusive Philippines. — Krystal Anjela H. Gamboa

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+ https://www.bworldonline.com/wp-content/uploads/2026/01/SF_R1-1-OL-300x200.jpg - Salesforce launches startup support program in Philippines - https://www.bworldonline.com/bw-launchpad/2026/01/21/725383/salesforce-launches-startup-support-program-in-philippines/ + Zepz buys remittance provider Pomelo to strengthen presence in the Philippines + https://www.bworldonline.com/banking-finance/2026/01/23/725833/zepz-buys-remittance-provider-pomelo-to-strengthen-presence-in-the-philippines/ - Tue, 20 Jan 2026 16:02:21 +0000 - + Thu, 22 Jan 2026 16:03:26 +0000 + - - https://www.bworldonline.com/?p=725383 + + https://www.bworldonline.com/?p=725833 - - US SOFTWARE company Salesforce on Tuesday rolled out its Startup Program in the Philippines, aiming to support local tech startups by giving them access to its products, mentors and global business network.

-

The program seeks to help Philippine startups build, test and scale technology-based products, particularly those using artificial intelligence (AI), Salesforce said in a statement.

-

“The Philippines is a dynamic market for technology and innovation, driven by a young, skilled and tech-savvy population,” the company said. “This launch reflects Salesforce’s recognition of the country’s vibrant startup landscape.”

-

The move comes as the Philippines continues to lag regional peers in global startup rankings. Research firm StartupBlink ranked the country 64th out of 100 economies in its 2025 Global Startup Ecosystem Index, marking the fourth straight year of decline. The Philippines ranked 52nd in 2021 and slipped steadily in subsequent years.

-

StartupBlink cited infrastructure gaps and regulatory hurdles as key challenges holding back the growth of local startups.

-

Salesforce said its startup program is designed to help founders navigate these obstacles by offering access to AI-powered tools, mentorship, joint go-to-market opportunities, fundraising support and a startup community.

-

“The Philippines is a vibrant hub for startups, with a growing pool of talent and a dynamic market ready for innovation,” Salesforce Philippines Regional Vice-President and Country Manager Abraham Cuevas said.

-

“The Salesforce Startup Program arrives at a pivotal moment, enabling Philippine startups to leverage cutting-edge tools, including Agentforce and a network of experts and founders to rapidly develop, test and scale solutions,” he added.

-

Salesforce said the initiative aligns with the government’s Innovative Startup Act 2030 roadmap, which aims to produce four Philippine unicorns by 2030 and attract $10 billion in startup investments within five years.

-

The Startup Program was first launched in South Asia in 2021 and has since supported more than 435 startups in markets such as India and Singapore, including more than 230 companies focused on AI.

-

Apart from startup support, Salesforce has also expanded its local presence. The company opened its Philippine office in November to support businesses adopting AI-driven customer relationship tools.

-

Salesforce said it plans to train 12,000 Filipino workers over the next five years in artificial intelligence and customer relationship management skills, as demand grows for digital and automation solutions across industries.

-

The company said it sees long-term potential in the Philippines as more firms adopt cloud-based platforms and AI to improve productivity, customer engagement and business efficiency. — Almira Louise S. Martinez

+ + GLOBAL PAYMENTS group Zepz, which owns WorldRemit and Sendwave, has acquired a US-based financial technology (fintech) company providing credit-based remittance services as it looks to strengthen its presence in the Philippines.

+

Zepz said in a statement on Jan. 20 that it has acquired Pomelo International, Inc., whose product mainly caters to migrants in the US sending money to the Philippines and Mexico. The latter’s team will join Zepz to continue developing their product.

+

Pomelo’s operations have been paused temporarily as Zepz integrates the product into its roadmap.

+

“Pomelo is a San Francisco-based fintech company focused on cards, lending and credit-building, with a strong presence in the Philippines,” it said. “The acquisition represents a key step in Zepz’s evolution beyond remittances, enabling the company to support more of the financial lives of cross-border communities and underserved customers across the Global South.”

+

“The acquisition further strengthens Zepz’s position in the Philippines, one of its core markets, where it has deep local knowledge and a long-standing customer base. Combining Pomelo’s product and expertise with Zepz’s global platform creates meaningful synergies for customers and supports Zepz’s long-term growth strategy by deepening engagement, improving retention and broadening its revenue mix beyond money movement.”

+

The company said the move will complement their existing products and businesses and allow them to expand into cards, lending, and credit, as Pomelo’s platform integrates consumer credit and remittances with a credit card designed for money transfers.

+

Using the Pomelo Mastercard or any debit card via its app, customers in the US can transfer money real-time to Philippine-based bank accounts or e-wallets as low costs while earning rewards points.

+

“Acquiring Pomelo is a natural next step in our evolution beyond remittances,” said Zepz Chief Executive Officer Mark Lenhard. “It will allow us to offer customers access to cards and credit services, and supports our broader ambition of financial empowerment for cross-border communities.”

+

“This is an exciting next chapter for Pomelo, and our mission to help people build their financial future doing what matters most — helping families. Zepz shares our focus on serving cross-border communities and has tremendous potential to accelerate access to credit and everyday financial tools for people who have historically been underserved,” Pomelo CEO Eric Velasquez Frenkiel said.

+

More Filipinos abroad have been using digital channels to remit money to save on transaction costs.

+

Cash remittances coursed through banks rose by 3.6% to $2.91 billion in November from $2.808 billion in the same month in 2024, the latest Bangko Sentral ng Pilipinas data showed.

+

For the first 11 months of 2025, money sent home by migrant Filipinos reached $32.111 billion, climbing by 3.2% from $31.113 billion during the same period in 2024.

+

The US was the top source of remittances in the period, accounting for 40% of inflows. — BVR

]]>
- https://www.bworldonline.com/wp-content/uploads/2026/01/Salesforce-300x200.jpg
+ https://www.bworldonline.com/wp-content/uploads/2026/01/Zepz-Logos-Partnership-Pulse-HQ-Connect-4-300x169.jpg - Tubig Pilipinas targets to complete 50-MLD Cebu water project this year - https://www.bworldonline.com/corporate/2026/01/21/725434/tubig-pilipinas-targets-to-complete-50-mld-cebu-water-project-this-year/ + SEC launches online registry to simplify corporate ownership reporting + https://www.bworldonline.com/corporate/2026/01/23/725965/sec-launches-online-registry-to-simplify-corporate-ownership-reporting/ - Tue, 20 Jan 2026 16:02:14 +0000 + Thu, 22 Jan 2026 16:03:20 +0000 - - https://www.bworldonline.com/?p=725434 + + https://www.bworldonline.com/?p=725965 - - TUBIG PILIPINAS Holdings, Inc. is targeting to complete the construction of its bulk water supply project in Talisay City, Cebu, within 2026, which could deliver 50 million liters per day (MLD) to local residents.

-

“The Tubig Pilipinas continues to expand its national footprint with the ongoing construction of the 50 MLD Jaclupan Bulk Water Supply Project in Talisay City, Cebu, that will be operational within the year,” the company said in a media release on Tuesday.

-

The project follows the recent inauguration of a P1.5-billion water treatment plant serving Bacolod City and the municipality of Murcia, led by Tubig Pilipinas’ subsidiary Bacolod Bulk Water, Inc.

-

The facility currently supplies about 40 MLD, roughly 40% of Bacolod City’s total water demand, and has expansion capacity of up to 60 MLD.

-

“This project demonstrates how strong public-private partnerships and foreign investments deployed into strategic and focused water companies such as Tubig Pilipinas can deliver critical infrastructure that supports SDG (sustainable development goals),” Bacolod Bulk Water Chairman Ryan Yapkianwee said.

-

Tubig Pilipinas now operates water plants across Nueva Ecija, Negros Occidental, Samar, Camarines Sur, Isabela, Cavite, Palawan, Pangasinan, and Cebu.

-

In December, Coal Asia Holdings, Inc. announced plans to raise its authorized capital stock by 160% to P13 billion from P5 billion.

-

The expansion forms part of a broader overhaul, which includes renaming Coal Asia to Tubig Pilipinas, a move designed to enable a public listing via backdoor listing. — Sheldeen Joy Talavera

+ + THE SECURITIES and Exchange Commission (SEC) on Thursday launched the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR), a web-based platform aimed at making disclosures of corporate ownership faster and more transparent.

+

“Beneficial ownership disclosures are a key transparency reform that supports good governance and helps prevent the misuse of corporate structures for illicit activities,” SEC Chairperson Francisco Ed. Lim said.

+

“Through HARBOR, the SEC streamlines the filing process while strengthening BO data management, enabling the Commission to provide timely and meaningful support to partner agencies in lawful enforcement actions,” he added.

+

Starting Jan. 30, corporations required to submit beneficial ownership information must use HARBOR, accessible at https://harbor.sec.gov.ph or via the Electronic Filing and Submission Tool (eFAST).

+

The system allows secure submission and updates of beneficial ownership data, reducing manual processing and helping the SEC verify information more efficiently.

+

With HARBOR’s launch, the SEC also released the 2026 General Information Sheet (GIS) without the beneficial ownership page. Companies will now submit or update ownership information directly through HARBOR and revalidate it only if changes occur, such as new owners being added.

+

Beneficial owners are individuals who ultimately own or control a corporation, either directly or indirectly. Filers need an active Electronic SEC Universal Registration Environment (eSECURE) account to access the system. Only authorized eFAST filers may submit declarations.

+

HARBOR was created under Memorandum Circular No. 15, Series of 2025, which updates Beneficial Ownership Disclosure Rules. The registry also supports the Philippines’ commitments under the Financial Action Task Force (FATF) to maintain transparency and prevent money laundering.

+

“These reforms build on earlier beneficial ownership and transparency measures that supported the Philippines’ exit from the FATF grey list in February 2025 and demonstrate the Commission’s continuing commitment to sustain AML/CFT improvements and keep the country off the grey list,” the SEC said. — Alexandria Grace C. Magno

]]>
- https://www.bworldonline.com/wp-content/uploads/2026/01/black-tap-macro-water-flow-minimal-aesthetic-300x200.jpg
+ https://www.bworldonline.com/wp-content/uploads/2026/01/coworkers-discussing-statistics-300x200.jpg - Leadership in action: How the Philippines can lead ASEAN in the digital age - https://www.bworldonline.com/opinion/2026/01/21/725369/leadership-in-action-how-the-philippines-can-lead-asean-in-the-digital-age/ + The economics of nuclear power + https://www.bworldonline.com/opinion/2026/01/23/725895/the-economics-of-nuclear-power/ - Tue, 20 Jan 2026 16:02:11 +0000 + Thu, 22 Jan 2026 16:02:55 +0000 - - - https://www.bworldonline.com/?p=725369 + + https://www.bworldonline.com/?p=725895 - - Over the past year, as I have written about artificial intelligence, blockchain, and cybersecurity, one question has continued to surface.

-

We often talk about digital transformation in the Philippines in the language of catching up. Catching up with infrastructure. Catching up with regulation. Catching up with skills. That framing is understandable, but it may also be limiting. Perhaps the more important question is whether we are aiming too low. Can the Philippines actually lead ASEAN in the digital realm, not by copying what others have done, but by offering a model shaped by our own realities?

-

I believe we can, but only if we are clear about what leadership in the digital age truly means.

-

Digital leadership today is no longer defined by who deploys technology first or who has the most sophisticated systems. It is defined by who uses technology to build trust, strengthen institutions, and support inclusive growth. In a region as diverse as the ASEAN, that distinction matters. Technology without trust does not scale. Innovation without governance does not last.

-

Several ASEAN countries are already ahead of us in specific domains, and that should be acknowledged honestly. Singapore, for example, has clearly taken the lead in artificial intelligence (AI). Its National AI Strategy is focused, disciplined, and practical. AI is already embedded in healthcare, urban services, logistics, and financial systems. More importantly, these deployments are supported by clear governance frameworks and strong coordination between government and industry.

-

But Singapore is a city-state. Its strength lies in precision and control. The Philippines operates in a very different environment. We deal with geographic dispersion, uneven access to services, varying institutional capacities, and a population that spans urban centers and remote communities. These are often cited as weaknesses. They can also be our greatest advantage.

-

If artificial intelligence can be deployed effectively in the Philippines, across public education systems, agriculture, disaster preparedness, and healthcare delivery in far-flung areas, then it can work anywhere in ASEAN. That kind of leadership is not about being the most advanced. It is about being the most relevant. It is about showing how AI can function in complexity, not just in controlled environments.

-

Blockchain offers a similar lesson. Vietnam has made notable progress in this space. Vietnamese companies are deploying blockchain solutions in supply chains, manufacturing verification, and export documentation. The technology is tied directly to economic activity, particularly in trade and production. That practical orientation is important, especially in a region where technology must serve development goals.

-

What Vietnam has done well is integrate blockchain into industry. What remains less developed across the region is the use of blockchain as national trust infrastructure. This is where the Philippines has a distinct opportunity. Ongoing policy discussions, including the proposed CADENA bill, reflect a growing recognition that blockchain is not merely a technology choice, but a governance tool. When applied to procurement, compliance, identity systems, and transparency initiatives, blockchain strengthens institutional credibility.

-

This matters because trust is not an abstract concept. In economies where trust in systems is uneven, credibility becomes a competitive advantage. Investors look for it. Businesses depend on it. Citizens demand it. Blockchain, when applied correctly, helps create that credibility at scale.

-

Cybersecurity completes the picture. Malaysia invested early in national cybersecurity frameworks and centralized coordination. Policies are defined, agencies are structured, and readiness assessments are conducted. These are important foundations, especially as digital adoption accelerates.

-

Yet cybersecurity across the ASEAN, and even globally, is still too often treated as a technical or regulatory issue. Something delegated to IT departments or compliance teams. That framing no longer reflects reality. Cybersecurity today is about protecting confidence in banks, telecommunications networks, digital payment systems, e-commerce platforms, and online government services. It is about protecting economic activity itself.

-

The Philippines can lead by reframing cybersecurity as economic defense. When cyber risk discussions reach boardrooms, when small and medium enterprises are engaged, and when consumers are made aware of digital risks, cybersecurity becomes a shared responsibility. This cultural shift is as important as any technical framework.

-

When we step back and look across the ASEAN, a clear pattern emerges. Excellence exists, but it is fragmented. One country leads in AI deployment. Another in blockchain applications. Another in cybersecurity policy. What is missing is integration.

-

This is where the Philippines can differentiate itself.

-

Our first advantage is talent. Filipino professionals already power global digital, creative, and services industries. We are not new to technology. More importantly, we understand both systems and people. That combination matters when deploying technologies that affect daily life, livelihoods, and public trust.

-

Our second advantage is institutional diversity. Our public sector, private sector, and civil society do not always move in unison, but that diversity allows experimentation. Solutions that work in the Philippines tend to be adaptable, precisely because they have been tested in varied and imperfect conditions.

-

Our third advantage is necessity. Unlike countries that are optimizing already strong systems, we are still strengthening trust in many of our institutions. That creates urgency. It forces us to think about governance, integrity, and protection alongside innovation. In the long run, that may be our strongest asset.

-

Leadership in action requires deliberate choices. It means deploying artificial intelligence with purpose, not hype. It means using blockchain to reinforce integrity, not chase trends. It means treating cybersecurity as economic infrastructure, not an afterthought.

-

The ASEAN does not need another digital success story measured by rankings, adoption rates, or valuations. It needs a model of digital growth that is inclusive, resilient, and trusted.

-

If the Philippines can demonstrate how artificial intelligence, blockchain, and cybersecurity work together in a complex, real-world environment, we do more than lift our own nation.

-

We help shape the region’s digital future.

-

And that is what leadership in action, lifting the nation, looks like in the digital age.

+ + By Dianne Araral

+

THE Philippine government has been laying the legal, institutional, safety, and diplomatic groundwork for nuclear energy. This matters because the heavy reliance on imported fuels leaves electricity prices exposed to global commodity shocks. Coal accounts for around 60% of electricity generation, natural gas roughly 15-20%, and renewables — including hydro, geothermal, wind, and solar — about 20%. Demand continues to rise and large-scale renewables face intermittency, grid land constraints, and recently contract cancellations. Energy security is a precarious problem for the Philippines despite the recent Malampaya discovery.

+

In 2020, the president Rodrigo Duterte signed Executive Order (EO) No. 116, directing the development of a national position on nuclear energy, and EO No. 164 instructing the Department of Energy (DoE) to integrate nuclear power into the Philippine Energy Plan. Recently, President Ferdinand Marcos, Jr., signed the Philippine National Nuclear Energy Safety Act (PNNESA), creating an independent nuclear safety regulator. The Philippines has also secured US approval for the export of nuclear technology, including small modular reactors (SMRs), following the entry into force of a civil nuclear cooperation agreement.

+

These are all good. The next question now is whether nuclear energy can be deployed safely, affordably, and within the country’s fiscal constraints. This is where nuclear economics becomes decisive.

+

SMALLER REACTORS, NOT SMALLER RISKS
+
SMRs are typically defined as nuclear units below 300 megawatts. Their appeal is clear for an archipelagic country with uneven grid capacity: smaller units, potential modular construction, and the promise of faster builds.

+

The cost numbers are sobering. Current global estimates place SMR capital costs at roughly $4,000 to over $8,000 per kilowatt, depending on design, location, and financing terms. A single 300-MW SMR can therefore cost $1.2 billion to $2.4 billion before financing. These are first-of-a-kind costs. The price reductions often cited by proponents depend on serial production and repeat builds; they do not appear on the first unit.

+

Financing magnifies the challenge. Nuclear projects have long construction periods, and interest during construction can add hundreds of millions of dollars if schedules slip. Delays matter far more for nuclear than for gas or renewables because the capital base is large and revenues arrive late.

+

SMRs may be smaller than traditional reactors, but their economic risks are not proportionally smaller — especially for a first-time nuclear country.

+

Comparisons with other generation options make this clear. New coal plants typically produce electricity in the range of $70 to $200 per megawatt-hour, depending on fuel prices and environmental controls. Gas combined-cycle plants often fall in the $45 to $75 per megawatt-hour range but are highly exposed to fuel and foreign-exchange volatility. Utility-scale solar and wind are cheaper on paper, often below $70 per megawatt-hour, but require storage, backup, and grid upgrades to deliver reliable power. By contrast, SMRs span a wide range: optimistic projections for mature designs suggest costs competitive with gas and coal, while conservative assessments of first-of-a-kind projects place SMR costs well above those benchmarks once financing and delay risks are included. How nuclear is financed matters as much as the technology itself.

+

TECHNOLOGY RISK MEETS FISCAL REALITY
+
Most SMR designs remain early in commercial deployment. Some have cleared regulatory milestones in advanced economies; many have not. None has a long operating record without substantial public support. Investors therefore price multiple uncertainties at once: construction timelines, licensing outcomes, supply chains, fuel services, waste management, and decommissioning.

+

For government, these risks collide with fiscal reality. The Philippines operates with limited fiscal space. Debt servicing already absorbs a significant share of the national budget, while competing priorities — transport, health, education, disaster resilience, and climate adaptation — remain pressing. Any nuclear program that relies on poorly structured guarantees or implicit bailouts risks becoming a long-term fiscal burden.

+

This is why nuclear economics must drive design choices. If risks are misallocated at the outset, they do not disappear; they reappear later as tariff shocks, contract renegotiations, or quiet fiscal transfers.

+

WHY PPPS ARE TEMPTING — AND DANGEROUS IF MISUSED
+
Given these constraints, it is natural to look to Public-Private Partnerships (PPPs). The Philippines has used PPPs successfully for airports, expressways, and conventional power generation. The instinct is understandable: mobilize private capital, reduce fiscal pressure, and shift risk away from the state.

+

Nuclear breaks this logic.

+

Some nuclear risks cannot be transferred at any price voters will accept. Licensing risk is binary. Catastrophic tail risk is politically non-diversifiable. Long construction timelines make financing extremely sensitive to delay. When governments try to push these risks fully onto private investors, lenders demand high returns. Those returns surface as higher electricity prices, larger guarantees, or both.

+

International experience is consistent: fully private nuclear projects either do not get built, or they are built at prices that become politically untenable.

+

This does not mean PPPs are inappropriate. It means they must be designed around a basic truth: in nuclear energy, the state is the risk bearer of last resort, whether explicitly or implicitly.

+

LESSONS FROM ABROAD
+
International experience reinforces this point.

+

The United Arab Emirates (UAE) delivered its Barakah nuclear plant through a sovereign-anchored model, combining public finance with an experienced foreign vendor. Financing costs were kept low, and execution was relatively disciplined. The lesson is not to copy the UAE, but to recognize that first nuclear projects succeed when the state anchors risk and imports capability.

+

The United Kingdom illustrates the opposite hazard. Its private-led nuclear project, supported by long-term price guarantees, reached financial close but at high cost to consumers. Delays and overruns reinforced a basic lesson: shifting risk to private capital does not eliminate risk; it prices it into electricity bills.

+

France shows the advantages and limits of a state-led approach. Financing costs were low and standardization delivered efficiencies, but contingent liabilities ultimately rested with the state and consumers. China’s rapid nuclear expansion further underscores the same point: relatively low costs were achieved through state-owned enterprises, state banks, and serial construction — a model not transferable to the Philippine political economy.

+

The United States shows both sides of the ledger. Federal loan guarantees and regulated utility models enabled projects to proceed, yet major overruns demonstrate that finance cannot compensate for weak execution and governance.

+

Across these cases, one pattern stands out. Countries that treated early nuclear projects as publicly anchored learning investments managed risk better than those that tried to offload uncertainty onto private balance sheets from the start.

+

WHAT THIS MEANS FOR THE PHILIPPINES
+
For an initial SMR deployment, the government will inevitably bear a large share of risk — explicitly or implicitly. The honest approach is to recognize this upfront.

+

PPP structures where private partners are paid for delivering and operating a licensed, available plant — rather than betting on volatile power prices — are more realistic for a first project. They lower financing costs, protect consumers from excessive risk premiums, and give government tighter control over siting, safety, and emergency preparedness.

+

This does not exclude the private sector. Private firms still design, build, finance, and operate the plant. They are paid for performance. What changes is that non-diversifiable risks — first-of-a-kind uncertainty, regulatory tail risk, catastrophic risk — are not quietly pushed into tariffs or hidden guarantees.

+

As experience accumulates, uncertainty falls. Regulators gain hands-on capability. Construction benchmarks become clearer. Supply chains stabilize. At that point, more risk can be shifted to private investors through long-term contracts or hybrid arrangements without pushing prices to unsustainable levels.

+

Only after domestic capability is proven should more private, industrial, or merchant-style models even be considered. Industrial SMRs require creditworthy anchor customers willing to commit for decades. They do not eliminate first-of-a-kind risk; they merely repackage it.

+

In short, nuclear SMRs in the Philippines should be treated as strategic infrastructure, not merchant power.

 

-

Dr. Donald Patrick Lim is the founding president of the Global AI Council Philippines and the Blockchain Council of the Philippines, and the founding chair of the Cybersecurity Council, whose mission is to advocate the right use of emerging technologies to propel business organizations forward. He is currently the president and COO of DITO CME Holdings Corp.

+

Dianne Araral is a green finance and energy policy researcher based in Singapore.

]]>
- https://www.bworldonline.com/wp-content/uploads/2025/09/blockchain-technology-cartoon-illustration-1-300x200.jpg
+ https://www.bworldonline.com/wp-content/uploads/2026/01/Engineer-working-at-a-nuclear-power-plant-300x168.jpg - Peso extends slide on trade war fears - https://www.bworldonline.com/banking-finance/2026/01/21/725413/peso-extends-slide-on-trade-war-fears/ + Peso strengthens to two-week high as Trump retracts tariff threats + https://www.bworldonline.com/banking-finance/2026/01/23/725906/peso-strengthens-to-two-week-high-as-trump-retracts-tariff-threats/ - Tue, 20 Jan 2026 16:01:36 +0000 + Thu, 22 Jan 2026 16:02:43 +0000 + - https://www.bworldonline.com/?p=725413 - - - THE PESO slipped against the dollar on Tuesday to move closer to its all-time low due to fresh tariff threats from the United States.

-

The local unit closed at P59.455 versus the greenback, weakening by 1.5 centavos from its P59.44 finish on Monday, data from the Bankers Association of the Philippines data showed.

-

This is just a tad stronger than its record-low close of P59.46 recorded on Jan. 15.

-

The peso opened Tuesday’s trading session steady at P59.44 against the dollar. Its best showing was at P59.42, while it dropped to a low of P59.50 — a new historic intraday trough for the local currency.

-

Dollars traded rose to $1.212 billion from $1.119 billion on Monday.

-

“The dollar-peso closed a tad higher on risk-off sentiment amid tariff jitters due to renewed threats against Greenland, [resulting in the peso] touching the all-time high of P59.50,” a trader said in a telephone interview.

-

The peso traded weaker against the dollar on Tuesday as players sought safer assets on concerns that US President Donald J. Trump’s tariff threats could lead to another trade war, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

-

For Wednesday, the trader sees the peso trading between P59.30 and P59.60 per dollar, while Mr. Ricafort expects it to range from P59.35 to P59.55.

-

The dollar retreated for a second day in Asian trading on Tuesday after threats from the White House towards the European Union over the future of Greenland triggered a broad sell-off across US stocks and government bonds, Reuters reported.

-

The dollar index, which measures the greenback’s strength against a basket of six currencies, fell as much as 0.3% to 98.841 — reaching its lowest level since Jan. 12 — as investors worried about exposure to US markets.

-

On Monday, US President Donald J. Trump’s renewed tariff threats against European allies triggered a repeat of the so-called “Sell America” trade that emerged after last year’s Liberation Day tariff announcement in April, with stocks, Treasury bonds and the dollar all declining. US markets will return on Tuesday following a public holiday for Martin Luther King, Jr. Day. — Aaron Michael C. Sy with Reuters

-]]>
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- - Jollibee’s Chickenjoy earns Well-Known Mark status from IPOPHL - https://www.bworldonline.com/corporate/2026/01/21/725433/jollibees-chickenjoy-earns-well-known-mark-status-from-ipophl/ - - - Tue, 20 Jan 2026 16:01:14 +0000 - - - https://www.bworldonline.com/?p=725433 - - - LISTED food giant Jollibee Foods Corp.’s (JFC) Chickenjoy was granted Well-Known Mark status by the Philippine Intellectual Property Office (IPOPHL) in 2025, making it the group’s third asset to receive the designation after the Jollibee Mascot and Jollibee Stacked Logo.

-

“Chickenjoy is more than fried chicken to Filipinos. It’s part of family memories, celebrations, and everyday moments of joy,” Jollibee Philippines’ Vice-President for Marketing Dorothy Dee-Ching said in a statement on Tuesday.

-

“We take pride in every step of its preparation because we know how much it means to our customers. Every piece carries that same flavor and happiness that people have loved for generations,” she added.

-

In the same statement, JFC announced the launch of its “Jollibee Chickenjoy: Masterfully Made Sarap” campaign, highlighting the detailed process behind its signature fried chicken and featuring the brand’s long-time ambassador.

-

At the local bourse on Tuesday, JFC shares slipped 1.6% to P209.40 apiece. — Alexandria Grace C. Magno

-]]>
- - - - https://www.bworldonline.com/wp-content/uploads/2025/03/JFC-Jollibee-300x200.jpg
- - Philippines: balance of payments (BoP) position - https://www.bworldonline.com/infographics/2026/01/21/725426/philippines-balance-of-payments-bop-position-21/ - - - Tue, 20 Jan 2026 16:00:14 +0000 - - - https://www.bworldonline.com/?p=725426 + https://www.bworldonline.com/?p=725906 - - THE PHILIPPINES’ balance of payments (BoP) deficit in 2025 settled below the central bank’s full-year forecast despite posting a wider deficit in December. Read the full story.

-

+ + THE PESO rose to a two-week high against the dollar on Thursday on improving market sentiment after US President Donald J. Trump backed down on his earlier threats to impose tariffs on some European countries to get control of Greenland.

+

The local unit ended at P59.16 versus the greenback, rising by 10.1 centavos from its P59.261 finish on Wednesday, data from the Bankers Association of the Philippines showed.

+

This was its best close in over two weeks or since Jan. 5’s P59.13.

+

The peso opened Thursday’s trading session stronger at P59.18 against the dollar. Its intraday best was at P59.095, while it dropped to a low of P59.23 against the greenback.

+

Dollars traded rose to $1.367 billion from $1.557 billion on Wednesday.

+

The peso strengthened against the dollar on Tuesday amid improved global risk appetite after US President Donald J. Trump retracted his threats of higher tariffs on European countries as he sought to buy Greenland, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

+

The US dollar held on to overnight gains against major peers on Thursday after Mr. Trump withdrew a threat to impose tariffs on a number of European North Atlantic Treaty Organization (NATO) nations, trumpeting the framework of a deal with NATO over control of Greenland, Reuters reported.

+

Mr. Trump’s threat to levy tariffs on allied nations opposed to his ambition to control Greenland spooked markets and triggered a broad sell-off of US assets, but his comment in Davos on Wednesday that he had ruled out military action offered relief.

+

The US president said he had reached a framework for a deal with NATO over Greenland, but he did not offer any details in a post to his Truth Social platform about what that would entail. As a result, though, he said he would not impose tariffs.

+

President Ferdinand R. Marcos, Jr.’s statement on not wanting the peso to reach the P60 level also provided support to the currency, a trader said in a phone interview.

+

Palace Press Officer Clarissa A. Castro said at a news briefing on Thursday that Mr. Marcos hopes that the peso-dollar exchange rate will not reach P60, but reiterated that the central bank sees no need for market intervention.

+

For Friday, the trader sees the peso moving between P59 and P59.30 per dollar, while Mr. Ricafort expects it to range from P59.05 to P59.25. — A.M.C. Sy with Reuters

]]>
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