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IT-BPM earnings to rise in ’27 despite AI threat By Bless Aubrey Ogerio

HE country’s information technology and business process management (IT-BPM) industry is targeting nearly $45 billion in revenue next year even as employment growth slows—a change toward higher-value work that requires fewer but more capable workers. The Information Technology and Business Process Association of the Philippines (IBPAP) expects industry revenue to reach $42.3 billion this year and about $44.9 billion in 2027.

IMPEACHMENT WATCH | DOING THE MATH Senate President Sherwin “Win” Gatchalian answers questions from Senate media on Thursday, September 24, 2026, following the Senate impeachment court’s revision of the voting formula in Vice President Sara Duterte’s impeachment trial. The court ruled that the two-thirds requirement will be based on senators legally and factually capable of participating when the verdict is rendered. ROY DOMINGO

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Employment, meanwhile, is projected to rise to 1.94 million full-time workers this year and nearly 2 million next year. According to IBPAP President and CEO Jack Madrid, the widening gap between revenue and employment growth is partly being driven by artificial intelligence (AI) augmenting the value of work performed by Filipino IT-BPM professionals. “The value of the work is the same—if not higher—but requiring less people to do it,” Madrid said during a press conference at the International ITBPM Summit 2026 in Parañaque

on Thursday. Automation’s potential impact was illustrated by saying that work previously requiring 100 people could, hypothetically, be completed by 70 workers through greater use of it. Meaning, the industry can continue increasing revenue without adding workers at the same pace. For the IBPAP chief, however, slower employment growth does not mean the industry needs fewer people overall. Instead, the constraint is whether the country can supply workers with the capabilities needed for more complex and technology-driven work.

“Now, do we want more? Yes, we want more. What’s the constraint? Capability,” Madrid explained. “What’s the solution to that? Let’s all be better at what we do. Domain expertise, AI f luency, accept that we must learn continuously. That’s the equation.” Based on the industry’s revised medium-term outlook released in July, IBPAP now projects 2028 revenue of between $43.3 billion and $50.5 billion, with employment ranging from 1.85 million to 2.14 million fulltime workers. See “AI threat,” A2

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‘BSP HAS ENOUGH ROOM FOR MORE RATE HIKES’ www.businessmirror.com.ph

Friday, September 25, 2026 Vol. 21 No. 346

P25.00 nationwide | 2 sections 20 pages | 7 DAYS A WEEK

THE COST OF JUSTICE Senate Committee on Finance Chairman Joseph Victor “JV” Ejercito, Subcommittee G Chairperson Francis “Kiko” Pangilinan and Subcommittee J Chairperson Panfilo Lacson preside over the Senate Committee on Finance hearing on the proposed 2027 budget of the Department of Justice and its attached agencies at the Senate of the Philippines in Pasay City on Thursday, September 24, 2026. DOJ officials and representatives of attached agencies presented and defended their proposed allocations, programs, staffing and operational requirements. Justice Secretary Fredderick Vida asked senators to restore the DOJ’s confidential funds to about P1.1 billion, the 2026 level, from roughly P579.4 million proposed for 2027, saying reduced resources could constrain information gathering, witness protection, and operations against trafficking and cybercrime. ROY DOMINGO

By Reine Juvierre S. Alberto @reine_alberto

HE Bangko Sentral ng Pilipinas (BSP) can afford to raise policy rates further as its real interest rate remains “accommodative,” according to ANZ Research. In its Asia Economic Outlook Q4 2026, the research arm of Australiabased ANZ Banking Group Ltd. said the BSP has been among the most hawkish central banks in the region since the escalation of the Middle East conflict in late February. The Monetary Board, the BSP’s highest policy-making body, has delivered three quarter-point rate hikes, bringing the current target reverse repurchase rate to

5 percent. “However, the real interest rate is still within the accommodative zone, providing the BSP with adequate policy space for further rate hikes in case of upside risk to inflation,” ANZ Research said. A real interest rate is the observed market interest rate with the rate of inflation removed from it. As such, ANZ expects the central See “BSP,” A2

A TOAST TO THE NEXT 40

Association of Negros Producers President Cristina Gaston and SM Supermalls Executive Vice President for Marketing Joaquin L. San Agustin share a toast during Arima, the traditional ringing of the bell, marking the opening of BÚTLAK: The 40th Negros Trade Fair. Come taste Negros and discover its food, fashion, craftsmanship, and homegrown creativity until September 27 at the SMX Convention Center Aura. SM SUPERMALLS

‘DESPITE FERTILITY RATE DROP, ‘Wage hike unlikely PHL NEEDS FAMILY PLANNING’ to boost consumption’ By Mary Jade Jadormio

HE Philippines’s fertility rate has fallen below replacement level, but wide gaps in access to family-planning services continue to limit reproductive choices, particularly among poorer women and those facing barriers to health care, according to advocates. The country’s total fertility rate stood at 1.7 children per woman in 2025, below the replacement level of 2.1 children, according to the National Demographic and Health Survey. Despite the decline, fertility remains significantly higher among women from poorer households, who average 2.8 children compared with 1.1 among those in the highest wealth quintile. Commission on Population and Development (CPD) Deputy Executive Director Lolito Tacardon said declining fertility has made family planning “more relevant than ever,” as the focus shifts toward ensuring women have the capacity and rights to exercise reproductive choices. “Now the focus is more on ensuring the capacity and rights of women to achieve and exer-

cise their reproductive rights,” Tacardon said. Data presented during the forum showed that 49.4 percent of married women no longer want more children, while 16.2 percent want to delay having children and 10 percent remain undecided. However, only 44.5 percent of currently married women aged 15 to 49 use modern familyplanning methods. Female-centered methods continue to account for most contraceptive use, led by pills at 20.5 percent, female sterilization at 7.8 percent, injectables at 6.1 percent and implants at 4.2 percent. Among sexually active unmarried women, 48 percent have an unmet need for family planning, according to figures presented at the forum. Meanwhile, Juan Antonio Perez III, vice president of the Forum for Population and Development, said access remains difficult for women whose circumstances prevent them from reaching health facilities or obtaining services without judgment. He cited a sexually active teenSee “Family planning,” A2

By Justine Xyrah Garcia

HE upcoming P60 wage hike in Metro Manila may not translate into a muchneeded lift in consumer spending, with Filipino households expected to remain cautious amid economic uncertainty, according to ANZ Research. In its latest economic outlook report for Asia, the research arm of Australia-based ANZ Banking Group Ltd. cut its 2026 growth forecast for the Philippines to 3.5 percent from 3.9 percent. If realized, this would put growth at the lower end of the Development Budget Coordination Committee’s (DBCC) recalibrated target range of 3.5 to 4.5 percent for the year. “Even if wages pick up, Filipino consumers are unlikely to raise spending proportionately and will likely prefer to save amid heightened uncertainty,” ANZ Research said. The Department of Labor and Employment (DOLE) has earlier noted that a P60 increase in the daily minimum wage for workers in Metro Manila is scheduled to take effect by September 26. It is expected to directly benefit up to 1.1 million workers. The latest data from the Philippine Statistics Authority (PSA)

showed household consumption grew by just 2.8 percent in the second quarter, the slowest pace since the pandemic-induced contraction in the first quarter of 2021, when household spending fell by 4.8 percent. Excluding the pandemic period, the second-quarter growth in household consumption was the weakest since the third quarter of 2010, when it expanded by 2.6 percent. The weak household spending, in turn, pushed the country’s second quarter growth to a mere 2.3 percent, slower than the 2.8 percent recorded in the first quarter and the 5.4 percent in the same period last year. ANZ Research said a broader recovery in economic activity, including a revival in government infrastructure spending, will be needed to support household consumption. “The government expects infrastructure spending to pick up in [the second half], though we are more skeptical,” it said. Government capital spending has remained in contractionary territory amid increased scrutiny over budget disbursements. While the Department of Budget and Management had released 99.5 percent of the budget allocated See “Wage hike,” A2

PESO EXCHANGE RATES n US 62.6190 n JAPAN 0.3958 n UK 82.9451 n HK 7.9840 n CHINA 9.3311 n SINGAPORE 48.9517 n AUSTRALIA 44.0587 n EU 71.3043 n KOREA 0.0458 n SAUDI ARABIA 16.6762 Source: BSP (September 24, 2026)

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A2 Friday, September 25, 2026

IT-BPM earnings to rise in ’27 despite AI … Continued from A1

The new projection replaces its 2022 roadmap, which had targeted $58.9 billion in revenue and 2.5 million workers by 2028. Whether the Philippines can reach the upper end of its 2028 revenue range, Madrid said the industry’s ability to meet demand for skilled workers will be the biggest factor determining it. “I think being able to meet the demand for talent, I think, is probably the number one factor,” he said. The second major concern is the ease of doing business, particularly uncertainty and inconsistency that could affect investment decisions, Madrid said. “Investors do not like uncertainty. They do not like inconsistency,” he said, adding that the Philippines still has areas in its business environment that need to be addressed. Infrastructure remains another consideration, although Madrid said the industry’s expansion beyond Metro Manila and Cebu indicates that digital and physical infrastructure is improving in emerging IT-BPM locations.

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PHL secures $1.5-B loan for govt crisis response

By Justine Xyrah Garcia

HE Philippine government has secured $1.5 billion in new financing from the Asian Development Bank (ADB) to help plug the widening budget hole caused by the Marcos administration’s measures to cushion Filipinos from the economic fallout of the Middle East crisis. The financing comes as the ADB earlier estimated that the Philippines could face some $7 billion in financing gap due to the government’s response to the crisis, which has pushed up fuel, food, and other costs. The ADB on Thursday said the loan, under its Assistance for Greater Resilience and Alleviation of Poverty program, will support the Marcos administration’s Unified Package for Livelihoods, Industry, Food, and Transport (Uplift) program. The package includes measures to keep essential goods and services affordable, such as securing fuel supplies, supporting power and health services, and helping contain the cost

of food and medicines. It will also provide assistance to households and workers whose incomes have been affected by the conflict, including overseas Filipino workers who need to return home. “Every week this crisis continues to ask more of people who have little left to give,” ADB President Masato Kanda said in a statement. “They have a right to expect that the institutions serving them will meet their struggle with equal resolve. With this financing, we are backing the Philippines’s determination to keep its people secure and its future within its own hands.” The loan was extended through

ADB’s Countercyclical Support Facility, a financing mechanism that provides budget support to the bank’s developing member countries facing major economic shocks. ADB said the Philippines is particularly vulnerable to the conflict because it imports nearly all of its fuel and relies heavily on imported fertilizer. Oil accounts for about a third of the country’s primary energy supply, with much of its supply coming from the Middle East. Higher fuel and fertilizer prices raise transport and farm costs, which can also push up food prices. The ADB also noted that the Middle East is an important source of remittances for the

Philippines. Official data showed that about 1.1 million overseas Filipino workers were deployed to the region in 2025, sending home about 18 percent of the country’s $35.6 billion in total remittances that year. Labor deployment to the region has declined substantially this year amid the conflict, the ADB said. According to the lender, the latest financing forms part of its broader regional response to the crisis. The ADB said it has previously provided about $500 million to help Southeast Asian economies manage the economic impact of the Middle East conflict.

‘Despite fertility drop, PHL needs family planning’ Continued from A1

ager in an urban poor community who may be questioned about her need for reproductive-health services, a fisherman’s wife in Malabon who spends the day weaving nets while her husband is at sea, and a female call-center agent who works nights and sleeps during regular health-center hours. “It is ironic if these women and girls cannot physically—and for the girls, even legally—access contraceptives in this time and age when we talk about World Contraception Day,” Perez said. Perez also pointed to weaknesses in local health systems, including inadequate health workers at primary-care facilities, as a continuing challenge to meeting family-planning needs. Advocates called for sustained capacity-building and protection of family-planning procurement budgets to prevent contraceptive stock-outs at the community level. The forum also highlighted reproductive-health concerns among adolescents.

Perez said girls below 16 remain particularly vulnerable and cited nearly 13,000 victims of possible statutory rape below age 16 in 2024. He also raised concerns over rising HIV cases among those aged 15 to 24 and persistent misconceptions about HIV. Meanwhile, Tacardon said demographic changes are also reshaping population policy, with population growth slowing, the working-age population continuing to expand and the proportion of older Filipinos steadily increasing. He said family planning remains part of the country’s population and development agenda despite the lower fertility rate, with reproductive agency and access to choices becoming central to the discussion. This year’s World Contraception Day carries the theme “No Barriers, Just Choices, Access to Options, Freedom to Decide,” highlighting access to information, contraceptive options and reproductive-health services.

‘BSP has enough room for more rate hikes’ Continued from A1

bank to increase policy rates by another 25 basis points in the fourth quarter of the year—pushing rates to 5.25 percent by year-end—as El Niño conditions put pressure on prices. The BSP’s recent rate hike is a “preemptive monetary action” against the threat of El Niño and wage increases, BSP Governor Eli M. Remolona Jr. said earlier. While the BSP hopes that another rate hike won’t be needed, Remolona said, “We will tighten as much as we need to, to bring the inflation rate down to its target.” Headline inflation slightly slowed to 6.1 percent in August, from 6.2 percent in July, as oil prices eased and provided little relief. But as oil prices went up again, ANZ Research said this suggests renewed upside pressure on inflation. “At the same time, food inflation has strengthened on the back of higher rice prices, while emerging El Niño conditions remain an additional pressure point,” it added.

Meanwhile, ANZ Research projects the overall current account deficit to widen to 4.5 percent of gross domestic product in 2026 from 3.5 percent a year ago. The balance of payments deficit amounted to $5.3 billion as of July due to an expanded current account deficit. Although revenues from the business process outsourcing sector will sustain the services surplus, pressure on the external account will persist for the rest of the year as oil prices have remained elevated, ANZ Research said. With the peso has already fallen to historic lows, trading around P63 to the dollar in the third quarter, ANZ Research said the currency will reach P64 against the greenback by the end of the year. “The BSP has likely decided to preserve its FX reserves and reduce its intervention activity,” it said. “The large external deficit, caused in part by high oil import costs coupled with the tightening in US Fed policy will likely see PHP depreciate to new lows.”

Wage hike unlikely to boost… Continued from A1

to the Department of Public Works and Highways by end-August, ANZ Research said the actual amount disbursed will be “crucial” to sustaining economic momentum in the coming months. Official data showed DPWH had received P527.7 billion, or 99.5 percent, of its P530.1-billion allotment as of end-August. ANZ Research also flagged weaker government infrastructure support next year, with total capital outlays in the 2027 budget estimated at P1.3 trillion, equivalent to 4 percent of GDP. This would mark the third consecutive year of decline in capital outlays as a share of GDP and the lowest allocation since 2016, it added. “As a result, even though the pending funds from 2026 budget will provide a push to domestic activity, adequate support from infrastructure spending will likely be missing in 2027,” it said. The Philippine economy grew by just 2.6 percent in the first half of 2026, sharply slower than the 5.4-percent expansion recorded in the same period last year. In the near term, ANZ Research said exports, particularly those benefiting from sustained demand for electronics, are expected to provide the main support to economic growth. Earlier, the Department of Economy, Planning, and Development (DepDev) said the economy needs to grow by an average of 4.4 percent in the second half to reach the lower end of the government’s growth target.

Asean…

Continued from A9

through technology and education while protecting them from online threats and digital harms. In a social media post, AranetaMarcos said the initiative reflects a shared commitment among nations to safeguard children in an increasingly connected world. “No matter where we come from, we all share the same hope for our children, that they are given every opportunity to learn, grow and thrive, while staying safe and protected in an increasingly digital world,” she said. The initiative brings together governments, educators and privatesector technology companies to expand access to educational technologies, AI-powered learning tools and online safety systems for children, teachers and parents. During the gathering, Trump also announced new partnerships with major technology firms, including Adobe, Amazon, Google, Intel, Starlink and Zoom. Among those in attendance was Apple Executive Chairman Tim Cook, whom Araneta-Marcos later described as a “fun surprise” encounter. In a separate social media post, the Philippine First Lady said Cook shared details about Apple’s latest innovations and expressed interest in visiting Manila. The US State Department said coalition members work with their respective governments to identify technologies that could support children, educators and parents while strengthening protections against online harm. Areas of cooperation include digital literacy programs, AI-assisted tutoring tools, virtual learning platforms and child online safety initiatives. Aside from the Asean event in Manila, the coalition’s upcoming activities include a G20 Summit to be hosted by Trump on December 14–15, 2026, a European regional meeting hosted by Polish First Lady Marta Nawrocka, and a Caribbean regional meeting hosted by Saint Kitts and Nevis First Lady Diani Prince-Drew.

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Friday, September 25, 2026

Impeachment court voting threshold for Sara case only

OUSE prosecutors clarified on Thursday that the Senate Impeachment Court’s recent interpretation of the voting threshold in Vice President Sara Z. Duterte’s trial will only apply to the current case and will not automatically serve as a binding rule for future impeachment proceedings. House prosecutor and Party-list Rep. Jose Manuel Diokno of Akbayan explained that the court’s use of the term pro hac vice, that means “for this particular occasion,” was intended to emphasize that the ruling was limited to the unique circumstances surrounding the present trial. “I think the usual use of pro hac vice is simply to emphasize that this applies only to this particular case and cannot be used in future impeachment proceedings,” Diokno said. He explained that impeachment proceedings differ from regular court cases because decisions issued by the Supreme Court may become judicial precedents that guide future similar cases. This principle is known as stare decisis, where courts generally follow legal principles established in previous decisions. “The difference is that in an Impeachment Court, we have what we call judicial precedent, where a decision made by the Supreme Court may be applied in other similar cases in the future,” Diokno explained. However, Diokno stressed that rulings made by an impeachment court do not operate in the same manner as judicial precedents. “But it cannot be compared to judicial precedent or the principle of stare decisis,” Diokno emphasized. He said every future Senate sitting as an impeachment court will have its own membership and constitutional authority to interpret procedural matters based on the circumstances of each case. A different Senate composition may, therefore, arrive at a different interpretation of the constitutional voting requirement. The ruling resolved the dispute over the voting threshold in Duterte’s trial but did not permanently establish a fixed formula that would govern all future impeachment proceedings. Me a nw h i l e , i mp e a c h me nt trial spokesperson Ace Barbers emphasized that the threshold decision should not be interpreted as an indication of how senator-judges will vote on the actual impeachment charges.

“But we believe that it is not an indication of the possible results of the vote they will make once all four articles have already been presented by the prosecution,” Barbers said. Barbers explained that the Impeachment Court’s decision focused only on a procedural matter involving the computation of the required votes for conviction. It did not involve an evaluation of the evidence or the merits of the four Articles of Impeachment filed against Duterte. “We do not want to preempt whatever decision they will make,” Barbers said. The prosecution has already presented evidence related to Article I, involving allegations concerning confidential funds, and Article IV, involving alleged grave threats. Proceedings on Article II, which concerns alleged unexplained wealth, are still ongoing, while Article III, involving alleged bribery, has yet to be presented. Trial spokesperson Lanao del Sur Rep. Zia-ur Rahman Alonto Adiong explained that the revised voting threshold was created in response to the unusual circumstances affecting the current Senate membership and was not intended to become a universal standard for future impeachment cases. “The main point is that what is happening now is very extraordinary because it affects the membership of the Senate,” Alonto Adiong explained. The dispute emerged because some senators may be unable to fully participate in the proceedings due to circumstances such as detention, absence, medical conditions, or other limitations. While the Constitution requires a twothirds vote of all Senate members for conviction, it does not provide a specific numerical figure. “But the practical application of this two-thirds fraction, in order to arrive at a final number for the Senate to make its decision, was what was being discussed,” Alonto Adiong said. He noted that the commonly recognized figure of 16 votes assumes a complete 24-member Senate that is fully capable of performing its constitutional duties during the final judgement. “The expectation of that number 24 is based on the assumption that there would be no consequences or special circumstances occurring, aside from situations such as death or vacancy,” Alonto Adiong noted.

Comelec estimates ₧8.57 million expense for Batanes special polls

HE special elections in Batanes will cost the government some P8.7 million, estimates prepared by the Commission on Elections (Comelec) indicate. At the same time, the poll body is also looking at the possibility of “borrowing election supplies that have already been delivered for the Barangay and SK Elections (BSKE) if the polls do not proceed as scheduled. “What is also good about this is that if the Barangay and SK Elections do not push through, supplies have already been delivered to us, such as indelible ink, ballpens and thumbprint tape,” Comelec Chairman George Erwin M. Garcia said. “We can borrow those first. We can use them here in [the] Batanes [special elections]. If the Comelec’s budget is insufficient, we can borrow these so that we have something to use,” he added. Such an arrangement would leave the Comelec with major expenses including the honoraria of teachers, mobilization

of election personnel, and the printing of ballots and other election paraphernalia. The proposed date for the Batanes special elections is December 19, 2026, although the schedule remains subject to approval by the Comelec en banc. “The proposal on when to hold the special election in the Lone Congressional District of Batanes will be elevated to the Comelec en banc by next week,” Garcia said. The initial date falls on a Saturday, which Comelec is considering as a way to allow more voters to participate despite the absence of regular work or school schedules. “December 19 is a Saturday. And although there is no work on that day, at least there is a chance that all of the voters can cast their votes,” the poll body chief said. As of June 1, the province has 13,138 registered voters who will be eligible to vote in the special election. The special election will be conducted to fill the congressional seat that was vacated by the death of Rep. Ciriaco Gato on September 21. Mary Jade Jadormio

COA can’t verify if OVP’s ₧168 million DRRMF reached intended beneficiaries

HE Commission on Audit (COA) has raised concerns on the Office of the Vice President’s (OVP) implementation of P168 million worth of disaster-relief operations in 2025 after auditors identified inconsistencies, deviations from approved procedures, and incomplete documentation. In its special review of the OVP’s use of the 2025 Disaster Risk Reduction and Management Fund (DRRMF), COA identified several deficiencies that affected its ability to verify whether the relief assistance reached the intended beneficiaries and whether recipients qualified for support. Among the findings were inconsistencies between situation reports and actual distribution records, dev iations f rom ap proved mission orders, the issuance of open-ended mission orders, and deficiencies in beneficiary documentation. COA reported that some required supporting documents were either incomplete, missing, or not submitted, making it difficult for auditors to establish a complete audit trail of the relief operations.

The audit identified eight mission orders worth more than P84 million that did not specify the intended beneficiaries. Auditors also reviewed 24 relief operations involving P39 million in goods where actual distributions differed from approved mission orders without documented authorization. Additionally, supporting records for approximately P25.2 million worth of distributed goods involving 33,980 beneficiaries were found to be incomplete or unavailable. COA also noted discrepancies between OVP situation reports and local government validation reports involving more than P19.6 million. The House of Representatives impeachment prosecution panel emphasized the importance of a complete audit trail to determine how public funds were utilized.

House prosecution spokesperson Ace Barbers stated that the P168 million involved public money and that every peso spent should be properly accounted for. “They really have to explain. I’m sure they’ll be given enough and sufficient time to answer these adverse findings of the COA,” he said. Barbers explained that the records should clearly identify the purpose of each distribution, the recipients, the timing of the assistance, and the circumstances that led to the relief activity. He emphasized that disaster-response programs must provide details regarding the specific disaster addressed and when the event occurred. He said that these details are necessary for the OVP to respond to COA’s observations and explain how the funds were used. Without sufficient documentation and justification, questions regarding the transactions remain unresolved. House prosecution spokesperson and Lanao Del Sur Rep. Zia-ur Rahman Alonto Adiong also highlighted the importance of documentary evidence in government assistance programs. He said that relief operations should have clear records showing where the assistance was delivered, who benefited from it, and how the distribution process was carried out. Adiong noted that similar documentation concerns had previously been raised regarding the OVP’s

confidential fund expenditures, although he clarified that the COA special audit on relief operations was a separate matter from the impeachment proceedings. The OVP explained that disaster situations may change quickly, requiring adjustments in schedules, locations, and quantities of relief goods during actual operations. However, COA maintained that any changes must still be properly documented and supported to confirm that they were authorized. COA’s findings focused on accountability and transparency rather than the overall financial condition of the OVP. The audit findings did not constitute an adverse opinion on the agency’s financial statements, as COA issued an unmodified opinion on the OV P ’s 2025 financia l statements. Barbers said that the OVP should be given sufficient opportunity to respond to the audit observations and provide the necessary supporting documents. He stated that if the agency can satisfactorily explain the issues raised by COA, it may address possible concerns related to audit actions. The prosecution panel stressed that government agencies handling public funds must maintain complete and accurate records to demonstrate proper utilization of resources, especially for emergency assistance programs.

Senate verdict on Sara impeach case inappealable

HE House of Representatives prosecution said on Thursday that a final Senate impeachment verdict acquitting or convicting Vice President Sara Z. Duterte is not subject to ordinary appeal. “The decision of the Senate Impeachment Court is not appealable. That is basic. It is not subject to review,” House lead prosecutor and Batangas Rep. Gerville Luistro said in a news conference. Luistro was responding to questions on whether Duterte could seek reconsideration or run for President in 2028 if convicted and perpetually disqualified from public office. The Constitution grants the Senate the sole power to try and decide impeachment cases. An impeachment judgment is limited to removal from office and disqualification from holding any public office, without foreclosing separate criminal liability under ordinary law, she said. “ W hatever the decision of t he Honorable Impeac hment Court may be, whether for conviction or acquittal, there is no remedy for appeal or review,” Luistro said. She distinguished this from the Supreme Court’s narrow authority to examine acts involving grave abuse of discretion amounting to lack or excess of jurisdiction. That standard does

not allow the court to substitute its assessment of the evidence for that of the senator-judges. Luistro cited the court’s careful handling of the voting-threshold dispute as an example of due process. The court invited amici curiae, heard oral arguments from both sides, allowed questions from senator-judges, and deliberated before voting 13-1 on the controlling formula. “If they exercised such caution on the threshold vote, I anticipate that will be doubled or even tripled when they reach their verdict,” she said. “The decision of the impeachment court on acquittal or conviction is never appealable.” On the threshold itself, Luistro welcomed the ruling that clarified how the constitutional two-thirds requirement will be computed. “We welcome the development yesterday [Wednesday]. At last, there is clarity,” she said. The court ruled that “all the Members of the Senate” refers to senators who remain legally and factually capable of participating in the proceedings. Six senatorjudges did not take part in the 13-1 vote. “The Senate or the impeachment court has the power to clarify the threshold vote under its exclusive power to try and decide all impeachment cases,” Luistro said. “Nothing was changed in the

two-thirds. Two-thirds remains two-thirds.” What was clarified, she added, is the denominator: whether all 24 seats must always be counted or only those senators legally and factually capable of participating when judgment is rendered. “The threshold remains twothirds of all the members who are legally and factually present or qualified,” Luistro said. She commended the court for the due process it observed. The new formula affects both sides. Using 20 capable senatorjudges as an example, 14 votes would be needed to convict while seven could prevent conviction. Under the full 24-member count, the figures were 16 and nine, respectively. “What is lowered is not only the number for conviction but also the number for acquittal. It is a twoway consequence,” Luistro said. “It is wrong to say only the conviction vote went down, because the acquittal vote went down at the same time.” The actual denominator will be fixed only at the time of the final vote. Luistro stressed that the ruling should not be treated as a forecast of conviction. “The prosecution is not in a position to say that the clarification or ruling of the impeachment court points toward conviction. Our commitment remains the same—

to present the evidence for the prosecution.” Meanwhile, House prosecutor and Party-list Rep. Terry Ridon of Bicol Saro said the witness list and presentation of evidence remain unchanged. “The laying out of the evidence will not change. The witness list will not change either,” Ridon said. Previously subpoenaed witnesses, including Davao Cit y Mayor Sebastian Duterte, PhilHealth Region XI and the Philippine National Police unit handling firearms records, will still be presented. “The burden continues for the prosecution to deliver on the evidence. We will do that until the very end, irrespective of the changing of the threshold by the Senate impeachment court,” he said. Manila Rep. Bienvenido Abante Jr. noted that the documentary evidence, including Duterte’s 2025 declared net worth of P98.66 million and corporate records on business interests and directorships, also remains the same. “The evidence does not change,” Abante said. The trial is scheduled to resume on Monday, with the continuation of the PhilGEPS witness cross-examination and the presentation of succeeding witnesses. Jovee Marie N. dela Cruz

DOJ asks senators to restore ₧1.1-B confi funds

HE Department of Justice (DOJ) on Thursday asked senators to restore its confidential funds to the 2026 level of about P1.1 billion, saying reduced resources could constrain information gathering, witness protection and operations against trafficking and cybercrime. During the Senate deliberation on the DOJ’s proposed 2027 budget, Justice Secretary Fredderick Vida said the department hopes to retain this year’s funding level

instead of the roughly P579.4 million cited for next year. “ Ang amin pong hiling sana ay maibalik man lang iyong 2026 level para hindi maapektuhan ],” Vida said. The proposed allocations form part of the P7.2-trillion National Expenditure Program (NEP) for 2027 submitted by the Executive branch to the Congress. Vida said the reductions would be felt across several confidential activities of the department.

For the DOJ Central Office, he said only P34 million was proposed compared with P214 million sought, while the Witness Protection Program was allotted about P319.9 million instead of the P500 million the department wants restored. He also cited the Inter-Agency Council Against Trafficking, which has P10 million, saying additional resources are needed as its operations face growing challenges. Vida particularly raised the proposed confidential allocation for cybercrime op-

erations, saying the DOJ wants the funding restored as the work involves coordination among the department, National Bureau of Investigation (NBI), Department of Information and Communications Technology and other agencies. Sen. Panfilo Lacson said during the hearing that the annual confidential allocation cited for the DOJ’s cybercrime work would translate to only about PHP35,000 monthly. See “DOJ,” A4

Friday, September 25, 2026

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asks Senate Marikina legislator seeks excise tax Congressman to pass land-use measure hike for luxury, non-essential goods T By Jovee Marie N. dela Cruz

@joveemarie

HE chairman of the House Committee on Ways and Means has filed a bill seeking to increase excise taxes on luxury automobiles, expand the coverage of non-essential goods subject to excise tax, and remove perfumes and toilet waters from the list of taxable goods.

subject to a 50-percent ad valorem tax, while vehicles priced above P8 million would be subject to a 75-percent tax. Vehicles priced at P4 million and below would retain their existing excise tax rates. Under the proposed automobile excise tax schedule, vehicles with a net manufacturer’s price or importer’s selling price of up to P600,000 would continue to be subject to a 4-percent excise tax, while those priced above P600,000 up to P1 million would remain covered by a 10-percent tax rate. Automobiles priced above P1 million up to P4 million would continue to be taxed at 20 percent. Quimbo said the proposed increase in automobile excise taxes is expected to generate approximately P3.91 billion in additional annual revenue, which may be used to support government priority programs without increasing the tax burden on ordinary taxpayers. The bill also proposes raising the excise tax on non-essential goods under Section 150 of the NIRC from 20 percent to 25 percent. It expands the coverage of the tax to include luxury recreational assets such as yachts, jet skis, speedboats, sailboats, motorboats, aircraft, planes, jets, and helicopters acquired for pleasure, private use, or sport.

The measure clarifies that ordinary passenger vehicles, motorcycles, and commercial vehicles such as trucks and cargo vans would not be affected by the proposed increase. According to the bill’s explanatory note, the tax adjustments are focused on a narrow segment of high-value luxury transactions. At the same time, HB 11465 removes perfumes and toilet waters from the coverage of the excise tax on non-essential goods. The bill also notes that removing perfumes and toilet waters from the ta x coverage would eliminate an existing ta x on personal-care purchases while allowing the government to focus excise taxation on luxury consumption. “Strengthening the taxation of luxury consumption constitutes a practical means of enhancing the progressivity of the Philippine tax system,” Quimbo said. The lawmaker added that the proposed amendments would allow the government to access additional revenue sources that are identifiable and administratively manageable while ensuring that goods used for essential needs, livelihood, public transportation, and productive purposes are not unnecessarily burdened.

Marikina Rep. Miro S. Quimbo, the panel chairman, filed House Bill 11465 to strengthen the taxation of luxury and other non-essential consumption. The bill states that the proposed changes are intended to promote a more progressive tax system by requiring individuals with greater capacity to pay to contribute a larger share toward government revenues. The bill amends Sections 149 and 150 of the National Internal Revenue Code (NIRC) of 1997, as amended. “The measure aims to achieve greater tax progressivity and promote a more equitable distribution

of wealth since luxury and highvalue goods are generally purchased by consumers with greater disposable income and capacity to pay,” Quimbo said. He added that increasing taxes on high-value discretionary purchases may discourage conspicuous consumption and encourage the allocation of resources toward savings, investments, or socially productive expenditures. Under HB 11465, star ting January 1, 2027, the excise tax structure for automobiles would be adjusted by creating higher tax brackets for luxury vehicles. Automobiles priced above P4 million up to P8 million would be

DOJ. . .

Cebu heightens Anti-ASF efforts

Continued from A3

“ Kung i -divide mo ng 12, 35,000 a month?... Ano ma -accomplish mo [If you divide it by 12, that’s P35,000 a month. What can you accomplish]?” Lacson said. Vida also asked that at least P5 million be provided for the National Coordination Center against Online Sexual Abuse or Exploitation of Children and Child Sexual Abuse or Exploitation Materials, which he said received no confidential fund under the proposal. He said combating such offenses has become increasingly complicated. The Senate Committee on Finance chairman, Sen. Joseph Victor Ejercito, said confidential and intelligence funds would face closer scrutiny during this year’s budget deliberations, but acknowledged that agencies involved in law enforcement, investigation and national security have operational requirements for such funds. The Bureau of Immigration, meanwhile, retains a P20-million confidential fund under the proposal, the same amount as this year. Immigration Commissioner Joel Anthony Viado said additional funding would help an intelligence force of fewer than 100 agents operating nationwide, including its fugitive search operations. “Nationwide po ang operations namin. So makakatulong po nang malaki kung iyan po ay madadagdagan [Our operations are nationwide, so an increase would help us greatly],” Viado said. Butch Fernandez with PNA

By Carmel Pedroza

EBU CITY—The Cebu Provincial Veterinary Office (PVO) has intensified surveillance and containment efforts following the confirmation of three African swine fever (ASF) cases in Ginatilan on September 18, prompting the local government to impose tighter restrictions on the movement of hogs and pork products. Provincial Veterinarian Mary Rose Bahian Vincoy said the provincial government is still tracing the possible source of the virus, while containment measures are being implemented to limit the risk of transmission to other areas. The confirmed cases were reported in barangay Cagsing and Calabawan. A n executive order issued by t he m ayor ba nned t he move ment of l ive sw ine to a nd f rom t he t wo v i l l ages w it hout pr ior c lea ra nce f rom t he Mu n ic ipa l A g r icu lt ure Of f ice a nd t he Prov inc i a l Veter ina r y Of f ice. The slaughter or butchering of pigs in Cagsing and Calabawan has, likewise, been suspended until further notice. The order also established internal checkpoints at all entry

and exit points of Cagsing and Calabawan. Border checkpoints were designated in barangays L ooc, Pa l a nas, Ma ngaco a nd Salamanca. Land and highway controls will be led by the National Police, with support from barangay officials, the Bureau of Fire Protection and the Municipal Disaster Risk Reduction and Management Office. The Coast Guard’s Ginatilan station was tasked with helping prevent unauthorized entry through coastal and shoreline areas. The order also bars the entry into Ginatilan of live pigs, pork and other swine products originating from Negros Oriental, identified in the directive as a high-risk area. The municipality has further prohibited livestock transport trucks or carriers from entering its barangays to load, unload, buy or sell livestock. Vehicles merely passing through the national road between Looc and Palanas may continue to travel through Ginatilan provided they do not stop or engage in livestockrelated transactions. Violating vehicles or cargo may be turned back and subjected to inspection, quarantine or disposal upon direction of the veterinary authorities. The executive order also temporar i ly suspended l ivestoc k trading throughout Ginatilan, including transactions normally conducted during market days on Tuesdays and Fridays. The suspension will remain in effect until lifted by the Municipal Agriculture Office with the concurrence of the Provincial Veterinary Office. Field animal services have also been put on hold. The deployment of animal technicians and artificial-insemination personnel to farms and swine holdings was suspended to reduce the possibility of transmitting the virus through personnel, equipment and other materials.

Province-wide surveillance

THE measures imposed at Ginatilan came as the PVO expanded ASF surveillance across Cebu. The office has collected around 2,101 blood samples from backyard and commercial hog farms in 25 localities, with laboratory results from 19 LGUs so far showing no ASF detection. The LGUs with negative results are Bantayan, San Francisco, Poro, San Fernando, Santa Fe, Tuburan, Cordova, Tudela, Carcar City, Pilar, Madridejos, Bogo City, Sibonga, Mandaue City, Liloan, Minglanilla, Talisay City, Sogod and Tabogon. Results remain pending from San Remigio, Tabuelan, a second round of testing in Cordova, Pinamungajan, Borbon and Balamban. Vincoy said the PVO has also stepped up farm-level biosecurity, disinfection activities and disease investigations, including traceback and trace-forward operations aimed at determining potential sources of infection and identifying locations that may have been exposed. The provincial government is coordinating w ith the Department of Agriculture and affected local governments, while monitoring areas surrounding Ginatilan and conducting information campaigns on ASF prevention and animal-movement restrictions. Authorities are also preparing possible assistance for hog raisers who could be affected by the containment measures. ASF is a viral disease affecting domestic and wild pigs. While it does not infect people, outbreaks can cause substantial losses to hog raisers and disrupt the movement and sale of live pigs and pork products. The Ginatilan executive order will remain in force until lifted by the municipal mayor upon the recommendation of the Provincial Veterinary Office and the Department of Agriculture.

HE chairman of the House of Representatives Special Committee on Land Use on Thursday called on the Senate to pass the proposed National Land Use Act (NLUA), a measure seeking strict criminal liability to halt the illegal conversion of prime agricultural land into commercial real estate. House Special Committee on Land Use Chairman and Surigao del Norte Rep. Francisco Matugas expressed optimism as the Senate conducts deliberations on several counterpart measures. The bill is a priority measure of the Marcos administration. “We appreciate the Senate for giving serious attention to this long-standing measure. Our senators bring their own experience and perspectives, and we welcome their inputs in producing a stronger and more workable law,” Matugas said. House Bill 8466, which passed its third and final reading in the House on May 5, 2026, and was transmitted to the Senate the following day, seeks to establish a unified national framework to resolve conflicting land demands across agriculture, housing, infrastructure, and environmental preservation. A central pillar of the House measure is the mandatory integration of climate and disaster risk assessments into all land planning decisions. Under the proposed law, local and national authorities will be required to use hazard maps, geospatial data, and environmental evaluations before approving developments in critical areas such

as f loodplains, watersheds, and coastal zones. Under the proposal, developers and local officials involved in unauthorized farmland reclassification face prison terms of up to 12 years. The proposed legislation aims to establish a comprehensive framework for land governance, protecting agricultural areas to secure a national food supply and prevent unregulated urban sprawl. HB 8466 seeks to institute a national land use policy and implementing mechanisms, including the creation of a National Land Use Commission. “The House has done its part, and we look forward to working constructively with our colleagues in the Senate. If there are provisions that can be strengthened, we are ready to listen and work with them,” Matugas said. Several senators have filed their own versions of the National Land Use Act, reflecting continuing legislative interest in establishing a comprehensive national framework for land use. “After decades of discussion, Congress has another opportunity to finally provide the country with a national land use law,” Matugas said, emphasizing the need for a balanced policy covering food security, infrastructure, and natural resource protection. If enacted, the bill will establish a National Land Use Commission to oversee spatial policy implementation—a mechanism advocates say is long overdue to prevent unregulated conversion of agricultural land and human settlement in high-risk hazard zones. Jovee Marie N. dela Cruz

AERIAL view of the Palinpinon-1 geothermal power plant in Negros Oriental.

FirstGen boosts capacity of Negros geothermal plant By Carmel Pedroza

EBU CITY—First Gen Corp. is adding 13.5 megawatts (MW) to the capacity of its more than four-decade-old Palinpinon-1 geothermal power plant in Negros Oriental as it moves to modernize its renewable-energy portfolio and extract more electricity from its existing geothermal resource. The company’s geothermal arm, Energy Development Corp. (EDC), is replacing the plant’s three 37.5-MW turbine-generators with three new 42-MW units, raising Palinpinon-1’s installed capacity to 126 MW from 112.5 MW. This upgrade will allow the plant to generate more power using the same volume of geothermal steam, according to EDC, effectively increasing generation without requiring additional steam extraction. The project is also expected to extend the operating life of the facility, which supplies renewable electricity to the Visayas grid. “This modernization project reflects our commitment to continuous innovation and environmental stewardship,” Noel Tan, head of EDC’s Southern Negros Geothermal Project (SNGP), said in a statement. “By upgrading our existing infrastructure to generate more electricity without needing additional steam extraction, we are maximizing our natural resources while helping

accelerate the Philippines’ transition toward a decarbonized energy future,” he added. The Palinpinon-1 rehabilitation is part of First Gen’s broader effort to modernize its renewable-energy assets and maintain dependable low-carbon generation. EDC said the sustainable operation of the Southern Negros geothermal steamfield has enabled it to operate well beyond the average 25-year lifespan typically associated with geothermal steamfields. The SNGP has a combined capacity of 222.5 MW. In 2025, its generation avoided more than 1.035 million metric tons of carbondioxide-equivalent emissions, according to the company. EDC said the figure represents emissions that would have been associated with supplying an equivalent amount of electricity from carbon-intensive coal-fired power plants. The Palinpinon-1 upgrade will allow First Gen to increase renewable generation from an existing facility rather than relying on additional steam extraction, while extending the useful life of the plant. For the Visayas grid, the additional 13.5 MW represents incremental renewable capacity from an established geothermal facility, supporting the availability of round-the-clock power as the country works to expand its renewable-energy base.

Friday, September 25, 2026

DepEd expands school infrastructure push with PAGCOR, LGU partnerships By Claudeth Mocon-Ciriaco @claudethmc3

DUCATION Secretary Juan Edgardo “Sonny” Angara has led a series of partnerships with state agencies and local government units (LGUs) to tackle two critical challenges facing the country’s basic education system: classroom shortage and learning disruptions caused by weather-related emergencies. The Department of Education (DepEd) joined forces with the Philippine Amusement and Gaming Corporation (PAGCOR) and 38 Local Government Units (LGUs) to build new public school facilities in target communities nationwide. Under the Memorandum of Agreement (MOA), each of the 38 partner LGUs will receive P55 million in financial assistance from PAGCOR to fund the construction of a three-story school building equipped with 12 classrooms. The funds will be released in three tranches contingent on technical compliance and progress monitoring. This marks the second ceremonial signing under the partnership, following the first signing held in March 2026 with 21 LGUs to each construct a three-story school building with 12 classrooms for a total of 252 classrooms. As implementing partners, LGUs will oversee procurement and construction in strict adherence to government procurement laws and approved architectural plans. Upon completion, slated for the end of 2027, DepEd will assume full ownership, administrative management, and maintenance of the facilities. “One of the biggest challenges that we face in the Department is the shortage of classrooms,” said Angara, who witnessed the ceremonial signing ceremony alongside PAGCOR Chair man and CEO Alejandro Tengco and local chief executives. “Patuloy natin itong nararanasan hindi lamang dahil tumatanda na ang ating mga school building; taon-taon din tayong hinahamon ng iba’t ibang kalamidad. Kaya’t napakalaking bagay sa atin ang mga partner na patuloy na sumusuporta

sa layuning ito,” Angara added. Addressing local chief executives present, Angara emphasized that municipal and city leaders hold a direct stake in ensuring transparent project execution, stressing that safe and sturdy learning spaces form the bedrock of youth development. Angara also led the launch of an Adopt-a-School ICT program at Cornelio C. Dalena Elementary School in Pakil, Laguna on Wednesday, addressing digital infrastructure and climate resilience. Established through a Memorandum of Agreement between the DepEd Schools Division Office of Laguna, Prime Infra Foundation, and Ahunan Power, Inc., the project deploys high-speed satellite internet technology to maintain learning continuity during severe weather events. Ahunan Power and Prime Infra Foundation donated Starlink satellite internet kits to 12 beneficiary schools in Pakil and committed to covering the monthly subscription fees for three years. “Life-changing ito para sa ating mga estudyante at mga guro, especially itong panahon ng kalamidad. Nabanggit ng EDCOM II, record number of days ang nami-miss ng ating learners, as much as 40 to 50 days in some of our school divisions,” Angara said. During the live demonstration, Angara highlighted technolog y as a mechanism for expanding educational reach. Prime Infra Foundation Executive Director Donato Almeda said the effort goes beyond technology, focusing on building long-term community resilience and opening digital pathways for local teachers and learners. “Lagi natin sinasabi na ang kinabukasan ay nakasalalay sa ating mga kabataan. And today, as we celebrate this initiative, we are putting that belief into action by giving better access to the tools, knowledge, and opportunities they need to build that future,” Almeda said. The joint ventures form part of DepEd’s overarching strategy to leverage cross-sector resource mobilization to fast-track modern, climate-ready, and connected learning spaces nationwide. ..

DA allots ₧9.7 billion to aid farmers, fishers amid El Niño, oil price hikes

By Ada Pelonia

@adapelonia

HE Department of Agriculture (DA) has earmarked around P9.7 billion to aid farmers and fishers in their production amid surging pump prices and the expected “very strong” El Niño in October. Agriculture Assistant Secretary Arnel de Mesa said the agency received the special allotment release order (Saro) from the Department of Budget and Management (DBM) covering P6.2 billion from the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) program.

Broken down, P2.2 billion will be allocated for fertilizer subsidy; P2 billion for fuel subsidy, which will be divided for farmers and fisherfolk; P1 billion for cash assistance, and P1 billion fuel subsidy for agricultural transport. De Mesa, however, said the DA will pour the assistance for inputs

on areas that will not be affected by El Niño and those with good sources of water, such as farmlands with irrigation or near dams. Previously, assistance on inputs were provided to farmers registered in the Registry System for Basic Sectors in Agriculture (RSBSA) and own or rent machinery to be considered eligible for the fuel assistance. Fishers should also be registered in the RSBSA, own a boat with a size of three gross tons (3GT) or less, and use gears that abide by fishery laws. With water critical to farm production, especially given the threats from the dry spell, De Mesa said the DA also requested an additional P3.5 billion for solarpowered irrigation to the DBM. This will be particularly crucial

PNP eyes tech to beef up coordination with law enforcers, schools, other stakeholders By Rex Anthony Naval

HILIPPINE National Police (PNP) Chief Gen. Jose Melencio Nartatez Jr. on Thursday said they are now considering the adoption of a technology-driven platform that will strengthen coordination among law enforcement agencies, schools, and local stakeholders to address security concerns in educational institutions across the country. The PNP chief, in a statement, said the move seeks to expand the “Build Partnership. Early Detection. Swift Alert. Tactical Response” (B.E.S.T.) School Alert and Rapid Response System, an initiative developed by the Police Regional Office 4A (Calabarzon) to facilitate immediate reporting, information-sharing, and action during emergencies and security incidents in schools. “We are exploring the institutionalization of this rapid response system to further help us

identify and respond to threats in schools, as well as ensure better coordination and swift action in any incident or challenge,” Nartatez said. The proposed system came amid growing concerns over recent incidents reported within school premises in various parts of the country. Under t he C a l aba r zon pilot implementation, about 155 schools are set to utilize the application as part of an organized alert and response mechanism that allows faster coordination among authorities and concerned agencies. “Technology is a critical aspect of our security and law enforcement, and our personnel must have access to modern facilities and training innovations to improve our security systems,” Nartatez said. The PNP chief also emphasized that law enforcement agencies must continue adapting to

changing threats by maximizing available tools and resources. The PNP is also looking to coordinate with the Department of Information and Communications Technology (DICT) as part of efforts to further develop and sustain the platform should it be rolled out on a wider scale. “We have skilled police experts, and we are also equipped with advanced technology that can help us elevate our emergency response techniques. Now is the time to utilize them properly,” Nartatez noted. Meanwhile, the PNP chief commended the Calabarzon police for developing a practical response tool that could serve as a model for other police offices and units nationwide. “The best practices of one police unit can actually bring the needed improvement in our system to ensure a safe and secure learning environment for our children,” he shared.

CPA officers, members ask CA to nullify ATC’s resolution declaring them as terrorist individuals By Joel R. San Juan @jrsanjuan1573

OUR officers and members of the Cordillera Peoples Alliance (CPA) has asked the Court of Appeals (CA) to declare as null and void the resolution issued by the Anti-Terrorism Council (ATC) in 2023 designating them as terrorist individuals. In a 84-page joint memoran-

dum on appeal, appellants Windel Bolinget, Sarah Abellon-Alikes, Jennifer Awingan-Taggaoa, and Stephen Tauli, also asked the CA to lift the resolution issued by the Anti-Money Laundering Council (AMLC) ordering the freezing of CPA’s bank accounts. Likewise, the appellants asked the CA to declare as unconstitutional the third paragraph of Section 25 (Designation of Terrorist

Individual, Groups of Persons, Organizations or Associations) of the Anti-Terrorism Act (ATA) as it violates their constitutional right to due process. The said paragraph specifically states: “The ATC may designate an individual, groups of persons, organization, or association, whether domestic or foreign, upon a finding of probable cause that the individual, groups

of persons, organization, or association commit, or attempt to commit, or conspire in the commission of the acts defined and penalized under Sections 4, 5, 6, 7, 8, 9, 10, 11 and 12 of this Act.” The petition stemmed from the ruling issued Regional Trial Court, Branch 78 of Baguio City which upheld the resolution issued by the ATC denying the petitioners plea for delisting.

The appellants are being accused of having links and providing assistance to the Communist Party of the PhilippinesNew People’s Army (CPP-NPA), which has been designated as a terrorist group They stressed that near designation as terrorist individuals violates their right to due process since it was done without prior notice and hearing.

Ex-Moro warriors-turned-students receive ₧80,000 in education aid By Manuel T. Cayon @awimailbox

AVAO CITY— Some 1,670 former mujahideen warriorsturned students, or their family members, received P80,000 in financial assistance for the two semesters this year, the Ministry of Basic, Higher, and Technical Education’s (MBHTE) has disclosed. The college student scholars were former combatants of the Moro Islamic Liberation Front, which signed a peace agreement with government in 2014 and who took the scholarship examination under the

MBHTE’s Access to Higher and Modern Education Scholarship Program (AHME-SP). The qualified scholars have been either decommissioned combatants or their children, orphans, or surviving spouses, whose education was to be aligned with postconflict rehabilitation and development efforts of the regional government. Jawlah Lakman Kanapia, a 19-year-old Bachelor of Science in Nursing student-grantee at Notre Dame Hospital Siena College of Cotabato, said the scholarship opened doors in pursuing her education. “For many of us, this scholarship is not just a

financial help; it is a chance to continue chasing our dreams and to build a better future for ourselves and our families. We are very grateful to be chosen as beneficiaries,” said Kanapia, who is part of the regionwide continuing rollout of the program’s 7th Cohort, covering the Academic Year 2026-2027. The scholarship for the decommissioned combatants started in 2020. Of the 698 scholars who took their oath in Cotabato City this week, 224 are from Maguindanao del Sur, 224 from Maguindanao del Norte, 125 from the Special Geographic Area (SGA), and 125 from Cotabato City. Each

scholar will receive P40,000 per semester, totaling P80,000 for two semesters. Dayang Akirah Sansarona, chief of the Legal Research, Legal and Legislative Liaison Division, said she was delighted to confirm that the AHME-SP “is indeed inclusive.” “That proves that all had equal chances because you were all on equal footing when you applied,” Sansaronas said. “When the demands of your education become heavy, remember why you started, remember that there are people who believe that your education is worth investing in,” said Marjuni Maddi, the MBHTE Director-General for

Higher Education. In Cotabato City, the Ministry of Science and Technology (MOST) expanded access to science and technology education by deploying offline digital libraries to the schools in the city, to address persistent internet connectivity gaps. At the KCC Mall Convention Hall in Cotabato City on August 27, the MOST turned over Science and Technology Academic and Research-Based Openly Operated KioskS (Starbooks) units to six schools during the Bangsamoro Science and Technology Week (BSTW).

for areas that lack sufficient water sources despite not being struck by El Niño. “We want to maximize those areas that are not affected but lack irrigation, so we will add solar-powered irrigation there,” De Mesa told reporters in a briefing on Thursday. He added that the system would also ease the burden for planters who have a “sustainable” water source but were hit by the dry spell. “In the areas affected by El Niño but with a sustainable source of water through river basins, we will place it there, so they are not [too] affected.” The DA official said the agency is hopeful that the Saro for solarpowered irrigation will be released to the agency within the fourth quarter.

30 Romblon ARBs learn how to become agri-preneurs By Jonathan L. Mayuga @jonlmayuga

EMBERS of the Agrarian Reform Cooperative of Agpudlos (ARCA), 30 Agrarian Reform Beneficiaries (ARBs), completed the Department of Agrarian Reform (DAR) Farm Business School (FBS) Program. DAR Provincial Office – Romblon held the graduation ceremony on September 3, 2026, at the San Andres Covered Court in Poblacion, San Andres, Romblon, recognizing the competition of the training. The FBS is part of the DAR’s continuing efforts to strengthen the entrepreneurial skills and business capabilities of ARBs and help them transform their farms into sustainable and profitable enterprises. Since August, the 30 ARCA members have undergone the FBS Program, which provided them with practical knowledge and skills essential to managing their farms as viable businesses. The participants completed learning modules covering business planning, financial management, marketing, and sustainable farming practices. The FBS Program aims to equip ARBs with practical entrepreneurial knowledge and strengthen their capacity to manage their farms as sustainable enterprises, contributing to the long-term economic well-being of their families and communities. Through the knowledge and skills gained from the program, the graduates are expected to apply improved business and farm management practices that can contribute to the growth of their cooperative and increase the profitability of their agricultural ventures. DAR Romblon Provincial Agrarian Reform Program Officer II Engr. Rogelio D. Madarcos, CESO V, served as the guest of honor. He emphasized the value of hard work, perseverance, and hope in achieving success in farming. “Every seed we plant is a reminder of our hard work, and every harvest is proof that we can succeed. We are here to help you further improve your knowledge and increase your income from farming,” he said.

See “Ex-Moro,” A6 See “Romblon,” A6

Friday, September 25, 2026

Marcos: BARMM polls a milestone in Bangsamoro peace process By Samuel P. Medenilla

@sam_medenilla

RESIDENT Ferdinand Marcos Jr. is now looking forward to the next phase of the peace process in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) after the region successfully held its first parliamentary elections last week. This, after the Chief Executive recently met with Interim Chief Minister and Bangsamoro Federal

UNFPA inks partnership with Sta Cruz, Laguna to strengthen maternal health

HE United Nations Population F u n d ( U N F PA ) a n d t h e Municipality of Sta. Cruz with the support of the Provincial Government of Laguna are partnering to strengthen maternal health and contribute to efforts to reduce preventable maternal deaths in the Philippines through WomenX, an integrated maternal health model that connects women to facility-based care, telemedicine, and community support. The municipality of Sta. Cruz serves as an important referral hub for pregnant women in Laguna. Its public hospital, Laguna Medical Center, receives referrals of high-risk and complicated maternal cases from municipalities across the province. By strengthening services and referral pathways in Sta. Cruz, WomenX aims to help ensure that women, including those referred from surrounding communities, can access timely and appropriate maternal health care to reduce maternal mortality in the Philippines. WomenX brings together a stronger maternal health ser vice deliver y network through enhanced facility and system readiness, telemedicine consultations with obstetriciangynecologists and midwives, and the Buntis Partner Initiative for communitybased pregnancy identification. A facility readiness assessment has also been conducted with public and private health facilities in Sta. Cruz to map out opportunities for collaboration to strengthen the delivery of maternal health services in the municipality. “ Eve r y p re g n a n c y s h o u l d b e supported, and every childbirth should be safe. Knowing about a pregnancy early and ensuring timely access to quality care can make a life-saving difference. Through WomenX, we are connecting women to communities, health workers, specialists, and health facilities so they can get the care and support they need, especially when they need it most,” said Neus Bernabeu, UNFPA Philippines Country Representative. Mayor Joseph Kris Benjamin Agarao emphasized the impact of maternal mortality in the municipality: “Behind every number is a mother, a family, a community. When we save a life of a mother, we help protect an entire family and we provide children an opportunity to grow up with their mother by their side.” Emphasizing the importance of the municipality›s collaboration with UNFPA. Through the partnership, UNFPA will provide technical assistance and support evidence and learning, working with the Municipality of Sta. Cruz, provincial government of Laguna, local health workers, and communities. By bringing together communitybased support, digital health, referral networks, and facility readiness, WomenX aims to strengthen the continuum of maternal health care and help more women receive the right care at the right time.

Party (BFP) Chairman Abdulraof Macacua in Malacañang to congratulate him for the successful

conduct of the said elections. About 16 of the 40 seats in the BARMM Parliament regional party representatives were won by the BFP. The Office of the Special Assistant to the President said with completion of the region’s first parliamentary elections, the political track of the Bangsamoro peace process is now complete. “The discussion, likewise, covered the continuation of the normalization track of the peace process to sustain the gains of peace and development in the region,” the Office said in a statement. During the meeting, the national government has committed to continue the implementa-

tion of development programs and delivery of essential services in BARMM. Also present during the meeting were Executive Secretary Ralph G. Recto, Special Assistant to the President Antonio F. Lagdameo, Jr., and Ministry of the Interior and Local Government (MILG) Minister Jordan S. Bayam. According to the Commission on Elections (Comelec), over 2 million registered voters participated in the BARMM polls translating to a 84.34 percent voter turnout. T he pol l body wa s able to proc l a i m a l l t he w i n ners of t he BA R MM elect ions on 15 September 2026.

DepEd’s direct school funding more than doubles to ₧61.02B under 2027 budget By Claudeth Mocon-Ciriaco @claudethmc3

ROM around P30 billion in 2022, the Department of Education (DepEd) said that direct funding for public schools nationwide has more than doubled to a proposed P61.02 billion under the 2027 National Expenditure Program (NEP). The increase in school-level Maintenance and Other Operating Expenses (MOOE) is included in the Department of Education’s (DepEd) proposed P975.96-billion budget for 2027 under the NEP, which recently passed plenary deliberations in the House of Representatives. Education Secretary Juan Edgardo “Sonny” Angara emphasized that direct school funding through the MOOE remains a cornerstone of President Ferdinand R. Marcos Jr.’s commitment to revitalize basic education. “Malinaw ang bilin ni Pangulong Bongbong Marcos: siguraduhing ramdam at napapakinabangan ng ating mga guro at mag-aaral sa bawat paaralan ang bawat piso ng

ating pondo...By simplifying our funding formulas and steadily expanding per-learner operational support, we are removing unnecessary bottlenecks so our school administrators and teachers can focus on teaching rather than worrying about basic school upkeep,” Angara said. This trajectory is reflected in steady multi-year increases in perlearner MOOE allocations across all grade levels. Under t he proposed 2027 DepEd budget, per learner MOOE allocations for elementary schools (Kindergarten to Grade 6) will reach P2,982, up from P2,792 in 2026, P2,140 in 2025, and P1,389 in 2024. Junior High Schools (Grades 7 to 10) will receive P2,744 per learner under the proposed 2027 budget, up from P2,631 in 2026, P2,201 in 2025, and P1,844 in 2024. Meanwhi le, Senior High Schools (Grades 11 to 12) will see per-learner operational support rise to PHP 3,558 under the proposed 2027 budget, compared to P3,264 in 2026, P2,784 in 2025,

and P2,306 in 2024. In total, school operating budgets under the proposed FY 2027 NEP reach P61.02 billion, up from P60.89 billion allocated under the 2026 General Appropriations Act (GAA). To make budget distribution faster and more equitable, DepEd is fully implementing the Simplified Normative Funding Formula (SNFF). The new system replaces the former rigid allocation formula which relied on fixed allocations based on multiple parameters that made computations detailed yet overly complex. Rather than focusing purely on fixed per capita unit costs, the normative approach uses enrollment and baseline school data to ensure every school receives the operational funding needed to maintain basic service standards. DepEd reiterated that the sustained increase in school-level MOOE, alongside the adoption of the SNFF, underscores its longterm commitment to keeping all public schools safe, functional, and well-resourced.

DENR chief highlights biotechnology’s role in land environmental protection

NVIRONMENT Secretary Juan Miguel Cuna underscored the important role of biotechnology in agriculture, health, industry, environmental protection, and sustainable development during the launch of kickoff of the 2026 National Biotechnology Week. “Nearly two decades after Presidential Proclamation No. 1414 was issued in 2007, the Philippine biotechnology landscape has grown considerably. What began as research and laboratory work in universities and government laboratories has developed into a national, multidisciplinary effort that connects science with agriculture, health, industry, environmental protection, and sustainable development,” Cuna said in a speech delivered by Undersecretary Ernesto Adobo Jr. This year’s “Biotek para sa Kinabukasan: Kalikasan, Kalusugan, Kagandahan, Kabuhayan at Kaunlaran,” is a reminder that biotechnology is not only about what happens in a laboratory, but how science can help in responding to various challenges, Cuna said. “For the DENR, those challenges are very real. We have degraded lands that need to be restored. We need better planting materials for forests and bamboo. We have native species that need to be conserved. And we need better scientific information to guide how we manage our

natural resources,” he said. “This is where biotechnology can make a difference. One example is H2OrganicsTM, developed by our researchers at the Ecosystems Research and Development Bureau. It is a locally developed hydroseeding technology intended to help rehabilitate mined-out and degraded lands by improving moisture retention, supporting plant establishment, and helping stabilize soil,” the DENR chief said. “We see this same practical focus in ERDB’s HI-Q VAM 1—a biofertilizer technology harnessing beneficial mycorrhizal fungi. By forming a natural symbiosis with plant roots, it helps improve water and nutrient absorption, supports seedling survival, and helps stabilize degraded soils,” he added. Cuna said that there are good examples of biotechnology responding to a very practical environmental problem. Instead of simply asking what new technology we can develop, we are asking what technology can help us restore land that has already been damaged. “Biotechnology is also helping us restore forests and produce quality planting materials. Through plant tissue culture, ERDB researchers are developing ways to propagate priority forest trees and bamboo species. These efforts can help provide more planting materials for reforestation, biodiversity conservation, sustainable forest

management, and climate-resilient restoration,” Cuna added. According to Cuna, the DENR’s biotechnology efforts also contribute to the conservation and sustainable use of biological resources, citing research on the in vitro propagation of gugo (Entada phaseoloides), which is exploring ways to increase the availability of planting material while supporting the conservation of this economically valuable Philippine medicinal plant. “In parallel, molecular biotechnology has been used to examine the genetic diversity of narra populations from different parts of the country. This information provides a scientific basis for identifying and selecting appropriate planting materials and populations for conservation, restoration, and reforestation,” he added. According to Cuna, while these are different applications, it shows something important; that biotechnology can give the DENR additional tools to address some of the environmental problems we deal with every day. The DENR chief admitted that developing a technology is only part of the work, where it can be applied, whether it is appropriate for the communities and ecosystems concerned, and how it can be delivered from research into practical practice, requires collaboration. Jonathan L. Mayuga

MARCOS MOURNS PASSING OF QUIRINO GOV. DAX CUA:

‘A reliable colleague and friend’

RESIDENT Ferdinand Marcos Jr. remembered the late Quirino Governor Dakila Carlo “Dax” Cua, who recently died of lung cancer, as a reliable colleague, friend, and public servant, extending his condolences to the local official’s bereaved family. In a social media post last Thursday, the Chief Executive lamented the passing of Cua, 48, last week after being diagnosed with cancer in 2024. He said the local official has helped many people, when he served as Quirino’s governor and representative at the House of Representatives. Cua became vice governor of Quirino in 2001 until 2007 and later governor of the province. After serving as Quirino’s Lone District Representative from 2010 to 2019 he returned to Quirino as its governor until he died on 15 September 2026. “Dax devoted 25 years of his life to public service, but his legacy will always be closest to home, in Quirino, in the communities he helped build and in the lives he made better,” Marcos said. “Let us only hope that we can live up to the legacy that he has left for us,” he added. The President together with Ilocos Norte 1st District Representative and House Majority Leader Ferdinand Alexander “Sandro” Marcos, his son, attended the wake of Cua at the Heritage Memorial Park in Taguig City last Wednesday. They were also accompanied by Executive Secretary Ralph G. Recto, Department of Education Secretary Juan “Sonny” Angara, Department of Social Welfare and Development Secretary Rexlon “Rex” T. Gatchalian, Department of Agriculture Secretary Francisco Tiu P. Laurel Jr., and Department of Budget and Management Secretary Kim Robert C. De Leon. Marcos expressed his condolences to Cua’s loved ones. “To his wife, Midy, and his parents, Junie and Angela, my deepest condolences. And to his three children, whom I had the chance to meet, I am so sorry about your dad,” he said. Samuel P. Medenilla

Ex-Moro. . . Continued from A5

The recipient schools were Kilangan National High School, Ba i Monera A bas-A sim High School, Dar Al-Uloom Wal-Hikmah Institute, Inc., Simuay Junction Central Elementary School, St. Benedict College of Cotabato, and Cotabato City Institute, Inc. The distribution brought to 12 the number of schools in BARMM that have received Starbook units from MOST this year. Six other schools received the units during a turnover ceremony on May 20 at the Cotabato City Division Gymnasium. These were Bangsamoro Science High School, Mindanao Capitol College Inc., Datu Siang National High School, Kutawato Institute of Technology Foundation Inc., Datu Sema Kalantungan High School, and Cotabato City National High School (CCNHS) Annex–Diocolano. The initiative responds to challenges in internet access, which can affect students’ ability to obtain reliable information for their studies and research. A 2025 study by Mamalampac et al. found that only 15.75 percent of households had internet access, highlighting the limited connectivity available to learners in the region, the Bangsamoro Information Office said. Through Starbooks, students and teachers can access science and technology references, research materials, educational

Romblon. . . Continued from A5

He a lso rem inded t he g radu ates t hat t he jou r ney of a n ag r i- ent repreneu r w i l l a lways involve c ha l lenges, but t hey shou ld meet t hem w it h resi lience a nd opt im ism. “Always remember that there will be challenges, there will be opportunities to rise again, and there will always be hope and

videos, journals, and interactive learning resources without an internet connection, the information office said. “Through these projects, we are bringing science and technology closer to our people, especially our learners, who continue to face limited access to information,” MOST Director General Engineer Abdulrakman Asim said Dr. Julius Clarete, vice president for Academic Affairs of St. Benedict College of Cotabato, said her students often struggle to find reliable and updated resources when internet access is limited. “Our students face challenges in accessing reliable science resources due to limited internet connectivity, the high cost of mobile data, outdated library books, unreliable online sources, and the expense of subscription-based research materials. However, with the introduction of Starbooks, these challenges have become opportunities for improvement, as students can now access thousands of trusted science and technology resources offline and free of internet costs. This will support their lessons, projects, and research while encouraging greater interest in science,” he said. R ay a n n a - Sno w Mo c s i n , a Grade 11 STEM student from Cotabato City Institute, Inc., said Starbooks will be a big help for students, “especially now that we have it in our school. Some of us only have limited resources so this is a great opportunity for us to learn more.”. progress,” he added. The event was attended by representatives and participants from the Agrarian Reform Cooperative of Agpudlos (ARCA), the Local Government Unit (LGU) of San Andres, the Provincial Agrarian Reform Coordinating Comm it tee (PA RCCOM), a nd the Department of Agriculture, who gathered to celebrate ARCA’s achievement toward becoming capable and competitive agrientrepreneurs.

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Friday, September 25, 2026 A7

OpenAI hacks Australian health dept website—Albanese By ROD McGUIRK

The Associated Press

ELBOURNE, Australia—Prime Minister Anthony Albanese said Thursday he was extremely concerned about OpenAI ‘s breach of an Australian health department website that the artificial intelligence (AI) company took too long to reveal. An OpenAI agent infiltrated the public-facing Medicare Statistics Reporting Service portal on July 18, he said. The portal hosted aggregate data about health spending and drug subsidies and is popular with researchers and academics. No personal information had been accessed, the government said. Albanese made the breach public following a telephone conversation with OpenAI chief executive Sam Alt-

man. Both are in New York to address the UN General Assembly. Altman was among heads of major AI firms who in speeches Wednesday pleaded with the United Nations to save the world, or at least its people, by somehow regulating the fast-expanding technology that they have been designing. “Today I spoke with … Altman to express Australia’s extreme concern about this incident,” Albanese told reporters.

AUSTRALIAN Prime Minister Anthony Albanese addresses the National Press Club in Canberra, Australia, on April 30, 2025. LUKAS COCH/AAP IMAGE VIA AP “I also expressed my disappointment that it took the company way too long to inform the government what had occurred and the nature of the way that notification occurred as well was unacceptable.” OpenAI said in a statement it had reviewed activity involving several Australian government departments and discovered “our models took ac-

tions we did not intend.” OpenAI notified Australia of the breach in an email to a government department’s generic address on September 10, Albanese said. An inquiry looking into the security breach would examine whether OpenAI could be criminally charged, Albanese said. The inquiry would also investi-

gate how Australian security agencies failed to detect the breach before OpenAI revealed it. Albanese said he assumed there were commercial reasons for the AI investigation of how much was being spent on particular medicines and where expenditures were changing. Government Services Minister Katy Gallagher said OpenAI had advised on September 10 that an “AI agent had accessed infrastructure behind the public-facing” portal. OpenAI shared with the government the vulnerability the agent had found. The Australian government had not been confident that it knew what the agent had been doing until officials held a technical briefing with OpenAI on Tuesday, Gallagher said. She said the portal had been closed and the data moved to more secure systems. Open AI said last week it was introducing a new framework for tracking, investigating and disclosing instances of what it called “misalignment,” including cases where AI models acted without authorization,

coordinated with other models or evaded oversight. Deputy Prime Minister Richard Marles said the incident was the first time that an AI agent was known to have gained unauthorized access to the Australian government’s information technology systems. “ T his is a warning about the technology being developed without safeguards and without guardrails in place,” Marles said. OpenAI was engaging with the government but the situation was “fundamentally unacceptable,” Marles said. When the agent was denied information, it engaged in “misaligned behavior” to gain unauthorized access, he said. Marles said the information accessed was “not particularly sensitive” and had since been made public. Marles used an analogy of the information sitting behind a fence. “It was not sitting behind a particularly high fence. This AI agent scaled the fence ... and the point is it was unintended. It wasn’t asked to. That’s our concern here,” Marles said.

Tech leaders to UN: For the sake of humanity, Singapore’s success tied to unhappiness? please control the AI technology we created SINGAPORE’S skyscrapers and colonial buildings BLOOMBERG

By Seth Borenstein & Jennifer Peltz The Associated Press

NITED NATIONS—The heads of major artificial intelligence (AI) firms pleaded with the United Nations on Wednesday to save the world or at least its people—by somehow regulating the fast-expanding technology that they have been designing. “If managed poorly, I even believe AI could be a risk to humanity as a whole,” said Dario Amodei, chief executive officer of Anthropic. From his competitor Sam Altman, CEO of OpenAI, came this assessment: “We could lose control of the future to AI.” Both said the countries of the world, through the UN Security Council, where they testified Wednesday, have to set safeguards of some kind to prevent the technology from getting too powerful to rein in. They also called for the world to make sure that the power of AI isn’t concentrated in one company or country. They also touted the benefits of the technology for bettering humanity and what Altman called “giving people more power over their own lives.” Those tech leaders “are telling us in stark terms that it cannot be left to them to prevent disaster from befall-

ing the world,” British Foreign Secretary Ed Miliband said at the Security Council. “We cannot ignore them because they are right.’’

AI will be at the heart of G20 discussions MILIBAND said when the UK leads the G20 next year, it will put controlling AI at the heart of discussions, looking for a single set of global standards “to insure that AI development is safe.” But, the United States said: Don’t do it. Worries about control of AI are “not a reason to pause its further development or to constrain it with new global governance structure,” said White House Science Adviser Michael Kratsios. “We want you, our allies and partners, to share in the benefits of this technology.” The US and China are jostling for AI dominance—and Chinese UN Ambassador Fu Cong emphasized that all countries should be able to choose AI technology as they see fit. He warned against “banding together into a petty us-vs.-them clique in the tech sector and forcing other countries to take sides” and enabling unnamed major powers that he described as seeking “digital hegemony.” He called on countries instead to promote open-source models—China’s approach to the technology. For most of the world leaders, one

key question about AI is this: Who should control life-and-death decisions—human or machine? Amodei, Altman and Hugging Face CEO Clément Delangue, who spoke via a glitchy remote connection, spoke with the UN’s most powerful council because they and world leaders are trying to figure out not just whether to control AI, but by whom, how it could possibly be done and when it might be just too late. The day before, UN SecretaryGeneral Antonio Guterres warned of “killer robots.” Experts and European leaders said that’s not hyperbole but something that’s either already a grim reality or perilously close. Amodei called on world leaders to agree on not letting AI build biological weapons, figure out how to verify what models have the capability to do and “establish common standards” for testing and for loss of control and misuse. French Foreign Minister JeanNoël Barrot, whose country convened Wednesday’s meeting, compared the current state of AI to both the runaway computer HAL9000 in the movie “2001: A Space Odyssey” and the dawn of the atomic age. “Just as with the atom back then, the international community must now regulate AI in order to make the most of its potential and avoid the worst,” Barrot said.

By Gabrielle Ng Bloomberg News

EHIND Singapore’s success may lie a factor with little to cheer—its unhappiness, according to a former top politician in the city-state. “Sometimes, unhappiness may be a precondition for achievement,” former foreign affairs minister George Yeo told Bloomberg’s Mishal Husain. Yeo, whose ministerial career ended in 2011, was responding to a question about Singapore ranking among the world’s wealthiest countries but also on unhappiest. While Singapore is the richest country in

Europe e-car sales soar 52% with fuel at record highs By Albertina Torsoli & Tim Loh Bloomberg News

FTER years of broadly unsuccessful efforts to wean drivers off combustion engines, sales of electric vehicles are surging in Europe thanks to the jump in fuel prices stoked by geopolitical upheaval. Registrations of fully-electric cars soared 52 percent across the region in August compared with a year earlier, according to data published Thursday by the European Automobile Manufacturers’ Association. Germany, the biggest market, led the gains with a three-quarter jump while sales in France more than doubled. A major reason for the leap in EV demand is the increasing cost of running traditional engines powered by fossil fuels, which has shot higher with the rising price of oil. The US-Israeli war on Iran is disrupting tanker traffic through the Strait of Hormuz, pushing the average price of a liter of gasoline in Germany to a record €2.31 a liter (equivalent to $10 per gallon). Diesel is even more expensive in the birthplace of the modern car, as Ukrainian attacks on Russian refineries crimp global supplies.

European buyers shifting to EVs means that through August, more than one in three vehicles sold had a plug, up from just over one in four. The picture is similar across the region, where the jump in fuel prices is hitting cashstrapped households already straining to make ends meet. Prices are up by more than a quarter across key markets. It’s also hurting transport-dependent firms. For Charles Rivière, a 54-year-old fisherman from Luc-sur-Mer on France’s north coast, the mounting cost of fueling his van and boat means he needs a lot more Parisians to buy his seafood to make the roundtrip to the capital worthwhile. “I used to make a profit with only 12 or 13 clients in Paris,” Rivière said while preparing oysters during an outdoor community event in the French capital’s 14th arrondissement. “Now I no longer come if I don’t have orders from at least 20 clients and increasingly there are fewer of them,” he added. “When I don’t come, I have zero income.” For an expanding share of drivers, switching to battery power is the answer. In Germany, charging a mid-range or luxury EV at home currently costs about 70

percent less than fueling a gasoline-powered car, according to analysis by comparison website Verivox. Electric cars were already gaining momentum in Europe earlier this year as carmakers rolled out more affordable modes like Renault SA’s Twingo E-Tech city car that starts at €19,490 ($22,353) and Volkswagen AG’s €37,890 Skoda Elroq compact SUV. Throughout this year, the sharp increase in EV demand helped offset deep declines for vehicles running on fuel only. Overall deliveries in August rose 5.3 percent, the lobby group said. Governments are also providing financial support, especially for less affluent households. German drivers below a certain income threshold can get as much as €6,000 off the purchase price for an EV. In France, a program can reduce monthly car payments to below €100 for some models such as the Citroën ë-C3 city car. Concern about insufficient battery range is also fading. Ford Motor Co.’s Capri longrange EV crossover can travel more than 600 km on a single charge, on a par with Volvo Car AB’s mid-range EX60.

Yet for Europe’s storied manufacturers, the long-awaited EV boom comes with a sting in the tail. The industry has seen tens of billions evaporate when hiccups in demand and abrupt regulation changes in the US forced them to resize sales expectations. Opel-maker Stellantis NV led the writedowns with an unprecedented charge of €25.4 billion for last year. The Jeep and Ram maker faced additional pain after the US reversal on EV policy under President Donald Trump. Manufacturers reacted by deepening cost-cutting measures already in place. VW, the region’s biggest manufacturer, is pushing through plans to double global job cuts to 100,000. On Friday, it slashed its profit forecast for this year due to a sharp contraction in China. Europe’s struggles are opening up more inroads for Chinese manufacturers offering solid technology at affordable prices. BYD Co.’s budget city EV Dolphin Surf starts at €22,990 and it’s also offering customers in Italy discounts of as much as €11,600. Chinese bands made up a record share of nearly 12 percent of total new-car sales in Europe in August, according to figures from Dataforce published Wednesday.

Asia by gross domestic product per capita, the city often lags in various happiness surveys. Residents, even its richest, often bemoan a breakneck pace of life and work culture underpinning those illustrious achievements in the financial hub. The city’s workers are the second-least happy across the Asia-Pacific, according to the SEEK Workplace Happiness Index. On the Ipsos Happiness Index 2026 of 29 countries, Singapore scored 73 person—a

touch below the 74 percent global average. It fared better in the World Happiness Report, placing 36th of 145 countries, pushed up by its top scores in life expectancy and perceptions of corruption but dragged down by its middling rating of positive emotions. “We can promise economic development, infrastructure, education, whatever,” Yeo said, recalling Singapore’s first Prime Minister Lee Kuan Yew’s words to his staffers. “But never promise happiness.”

A8 Friday, September 25, 2026

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China is holding sensitive F-35 parts diverted to HK By Tony Capaccio Bloomberg News

HE Chinese government has taken possession of potentially sensitive F-35 stealth aircraft parts that were inexplicably diverted to Hong Kong while being sent to the US from Australia, people briefed on the incident said. UPS was shipping a cockpit canopy and weapons-bay door from an Australian military F-35 that was being sent to the US for inspection and possible repair or disposal in late May, according to the people, who asked not to be identified discussing private matters. Both parts, supplied by Lockheed Martin Corp., were coated with radar-absorbing material that enhances their stealth capabilities, two of the people said. The plane stopped in South Korea en route to the US and from there it was routed to Hong Kong, said one of the people. It’s not clear why the plane stopped in South Korea or why it was diverted to Hong Kong, or whether the parts were intentionally diverted

or by mistake. The Chinese government later took possession of the parts but so far hasn’t returned them, two of the people said. A Chinese Embassy spokesman declined immediate comment, while the Foreign Ministry in Beijing said it was “not aware of the situation” on Thursday. Disclosure of the incident comes at a politically sensitive time for the two countries. Chinese President Xi Jinping arrived in the US on Wednesday evening for a state visit hosted by President Donald Trump. At least two congressional committees are investigating how the parts fell into Chinese hands. China’s possession of the parts, the stop in South Korea and the fact

A ROYAL Australian Air Force Lockheed Martin Corp. F-35 Lightning II fighter aircraft CARLA GOTTGENS/BLOOMBERG

that UPS was used to transport them had not been previously reported. Politico reported earlier that the parts had been unexpectedly diverted to Hong Kong. “The juxtaposition is hard to miss,” Senator Elissa Slotkin, a Michigan Democrat, said on Bloom-

berg Television’s Balance of Power. “The Chinese are holding some of our most sensitive technology and we are rolling out the red carpet for their president.” Slotkin said she had not received a briefing on the issue. “When it comes to intelligence and military

issues, China is a competitor and an adversary. They are always seeking information about our military equipment, sensitive information.” China has for years targeted the F-35 in its espionage efforts. Concerns that China could learn valuable intelligence about the jet were one reason why a US bid to sell F35s to the United Arab Emirates, announced in Trump’s first term, later collapsed. Members of Congress have also raised concerns that plans to sell the F-35 to Saudi Arabia could risk exposing cutting-edge US military technology to China. The Pentagon said it was working to retrieve the parts. Officials “are aware of a shipment issue of unserviceable F-35 components. We are actively working with US authorities and industry partners to retrieve these components, investigate the incident, and place safeguards to avoid a future occurrence,” a statement from the Pentagon said. A Lockheed Martin spokesperson in Australia said in a statement Thursday that “the components in question are unserviceable and deemed low risk for exploitation.” The F-35 is one of the world’s most advanced fighter jets, and some 20 countries have purchased the aircraft, including South Korea, Japan,

Singapore and Australia. It has flown numerous missions against Iran. Australia is the Indo-Pacific inventory hub for parts and maintenance of F-35s flown by allies in Asia. “It’s always best when your adversaries have to guess at your capabilities,” said JJ Gertler, a former aviation analyst for Congressional Research Service who is now director of The Defense Concepts Organization. “You never want to hand them evidence.” UPS disclosed the incident to the State Department’s Directorate of Defense Trade Controls, which enforces export control laws, out of an abundance of caution. Company spokesman Malcolm Berkley declined to comment. Australian Defense Minister Richard Marles told reporters Tuesday that his country is examining “everything that has occurred at the Australian end.” “The point I would make here is that we are confident about the way in which we’ve engaged with the program, and through the US’s prime contractor, Lockheed,” he said. Lockheed Martin said in an earlier statement that the Defense Department picked the transportation options and “we select the carrier that aligns with those governmentmandated parameters.”

Trucks jam Turkey-Iran border crossing Iran president sends US defiant message over potential talks as US blockade pushes trade overland By Serra Yedikardes & Amir-Hussein Radjy The Associated Press

URBULAK BORDER CROSSING, Turkey—Hundreds of trucks idle along the road into Iran from Turkey’s mountainous eastern border. Bustling even in normal times, the countries’ largest crossing is now a make-or-break economic lifeline for Tehran as the US navy blockades its ports. Iranian President Masoud Pezeshkian has pressed to accelerate overland trade as the blockade limits the vast majority of imports while cutting off the oil and gas sales that largely keep the economy alive. It’s the latest test of Iran’s endurance. Frustrated Iranian truck drivers spoke to The Associated Press at the Turkey border crossing, where lines now stretch for miles.

“I’ve been driving through this border gate for 15 years. I’ve never had to wait as long as now,” said Muhammed Rıza Shiri, 55, who had waited four days to carry his load of rubber into Iran. “We had to wait at the end of a seven-kilometer (4.3-mile) line. We used to wait, maximum, for three days here. Because of the war, the waiting times exceed five days.” Iran accuses the US of trying to weaken the country. “They are trying to create difficulties wherever they can, and they are holding nothing back. They are closing off routes, shutting down air routes, blocking land routes and trying to fuel internal divisions,” President Masoud Pezeshkian said Tuesday. Iran insists the pressure will not change its stance in negotiations with Washington. Tehran wants the US blockade to end before it allows

commercial shipping to flow again through the Strait of Hormuz, where Iran’s grip has shaken global markets and oil prices.

Iran had relied on the gulf for over 80% of its trade IRAN has a huge challenge as it tries to shift trade from sea to land. Its economy relied on the gulf for over 80 percent of its trade before the war, according to Iran economist Mohammad Farzanegan. Now Iran’s land crossings with Turkey to the west and Pakistan to the east are crucial in connecting with Europe and Asia. Drivers carry goods that are vital to Iran’s petrochemical and other manufacturing that were badly damaged by US and Israeli strikes. But the land crossings are badly strained. “Logistics, capacities of these bor-

Gangs flood Europe with fake cigarettes By Max Ramsay | Bloomberg News

ROM the outside, the dilapidated warehouse in the nondescript Belgian town of Ninove is as unremarkable as the discount retailer in front of it. Only brand-new surveillance cameras hint at something valuable inside: a

clandestine factory making as many as a million counterfeit cigarettes a day. As police and customs officers examined the contents of the warehouse following a dawn raid on September 9, they found a slick operation from rolling machines to flat-packed boxes ready to contain fake Marlboros, Lambert & Butlers and Richmond King Size. Reporters were shown living quarters for workers, replete with canned food, beer and gym equipment to keep fit. The counterfeit cigarette industry is proliferating across Europe as rising taxes on tobacco products create an increasingly lucrative market for organized crime. European Union estimates suggest almost one in 10 cigarettes smoked in the EU are now produced illegally or smuggled. Belgium, with its proximity to highduty tobacco markets like the UK and France, is at the sharp end of efforts to tackle the growth in illicit production. Ninove was the 12th illegal cigarette factory the customs service has busted this year, already matching its previous annual record. “It’s probably one of the most interesting areas for criminal organizations to be in, for the money you earn and

ders are limited. Regulations, border controls, corruption, all these things would make the transit much more difficult and time-consuming,” Farzanegan said. Overland trade “would not basically be able to substitute or compensate for the blockade.” At Turkey’s Gürbulak border, truck waiting times have more than quadrupled since the war began, according to data from the International Transporters Association, which represents Turkey’s international logistics sector. One Iranian official said the number of trucks has shot up. “Instead of 200 trucks, there are 1,200 trucks at the border, and the destination country does not have the capacity to accept this number of trucks,” Amir Roshanbakhsh Ghanbari, deputy head for a government agency that promotes Iranian trade, said in an interview with a semiofficial news outlet, ILNA.

the risk—or lack of risk — you have when you’re in that business,” Kristian Vanderwaeren, head of the Belgian customs service, said at his office in Brussels. “If you are in cocaine and in drugs, in general, their sanctions are much higher.” Customs officials and Belgium’s various police forces face a whack-amole challenge to track down and halt production. Vanderwaeren points to Belgium’s role as a logistics hub and its geography for the concentration of factories. The tax loss for EU countries from illicit cigarettes was around €16.7 billion ($19 billion) last year, according to a KPMG study for tobacco giant Philip Morris. They include smokes made at factories like the one in Ninove as well as illegally imported packs. The report also suggested counterfeits made in the bloc were displacing cigarettes smuggled from lower-tax jurisdictions. Belgium, home to the headquarters of NATO and EU institutions, has long struggled to tackle organized crime, with repeated flare-ups of violence linked to cocaine trafficking through Antwerp, Europe’s largest port after Rotterdam. Terrorist attacks a decade ago laid bare the security coordination challenges exacerbated by a linguistic divide and complex institutional structure.

By Eltaf Najafizada & Eric Martin Bloomberg News

RANIAN President Masoud Pezeshkian said his country won’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place, underscoring the difficulty in reaching a peace deal with Washington despite efforts to revive talks this week. The Islamic Republic “cannot accept that everyone benefits from the waterway while, at the same time, the historic guardian of that waterway is deprived because of the oppressive sanctions,” he said in an address to the United Nations General Assembly in New York on Wednesday. Iran is ready to resume talks about ending the near seven-month conflict with the US but will not respond to threats, he added. While the country isn’t seeking to build an atomic weapon, it won’t give up the right to develop nuclear technology for economic purposes, he said. Pezeshkian’s address laid out a number of conditions before any meaningful talks with the US can resume, undermining tentative signs of diplomatic progress that emerged this week in New York. President Donald Trump said Tuesday that his officials had “very good” talks with Iranian envoys on the sidelines of the UN summit, although he used his high-profile speech at the forum to warn he’d “annihilate” Iran unless Tehran strikes a deal to end the conflict. “This is what Trump and others that want to bully us have to comprehend: we are ready for dialogue, but they must understand we won’t accept the language of force,” Pezeshkian said. Iran was represented in talks in New York by Foreign Minister Abbas Araghchi, who outlined Tehran’s “firm positions” on reopening the Strait of Hormuz, according to state media. Those conditions include the US immediately lifting a naval blockade, unfreezing Iranian assets and ending the war “on all fronts,” IRIB News reported, an apparent reference to Israel’s campaign against Iranbacked Hezbollah militants in Lebanon. As of Wednesday, American military forces had redirected 115 commercial vessels as part of enforcement of the “steel wall blockade,” US Central Command said in a statement posted on social media. Brent crude held gains early Thursday to trade near $103 a barrel after jumping almost 4 percent in the previous session. The US and Israel started the war

IRANIAN President Masoud Pezeshkian during the United Nations General Assembly in New York on September 23. JOHN LAMPARSKI/BLOOMBERG

against Iran in late February, with the stated aim being to prevent Tehran from developing a nuclear weapon. The conflict has roiled the Middle East and energy markets and resulted in a months-long standoff, with traffic severely restricted through Hormuz. At the same time, little is known about the present state of Iran’s atomic activities. Questions surrounding the Islamic Republic’s nuclear program won’t be “resolved on the battlefield,” Pezeshkian said. Asked about Iranian criticism of Trump’s assertive UN speech, US Secretary of State Marco Rubio accused Tehran of undermining the international system by supporting militant groups across the Middle East. “I don’t know what standing Iran has to lecture anyone on human rights or the international system when they habitually violate it,” Rubio told reporters in New York. “They violate the sovereignty of every one of their neighbors by sponsoring terrorist organizations that reside within the borders of those countries. They slaughter their own people. They violate rules and sanctions that were imposed by the international community.” The Iranian president’s appearance in New York put him in the unusual position of addressing foreign leaders on US soil while the Islamic Republic is at war with Washington, giving Tehran a high-profile platform to present its side of the conflict. Pezeshkian is also due to hold bilateral meetings with other leaders in New York. US-Iran talks have effectively been on hold since June, when a memorandum of understanding that would have reopened the Strait of Hormuz quickly collapsed. On Wednesday, Rubio characterized the talks as positive and a “continuation” of previous discussions.

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‘INFLATION PROMPTS SHIFT TO CHEAPER MEAT ALTERNATIVES’ By Ada Pelonia

EAT processors and Filipino consumers are shifting to cheaper alternatives like buffalo meat in their bid to cope with rising costs, according to the Meat Importers and Traders Association (Mita). Mita President Emeritus Jesus Cham noted that month-on-month meat import arrivals fell by nearly 23 percent to 115,182 metric tons (MT) in August from 149,497 MT in July. Except for buffalo and duck, he added that import volumes of major proteins contracted and has returned to mid-2024 baseline levels in August. “While pork, chicken, and beef imports slowed down, buffalo jumped nearly 22 percent month-on-month, further confirming a sustained processor and consumer pivot toward costeffective raw materials,” Cham said. Data from the Bureau of Animal Industry (BAI) showed that buffalo imports in August rose by 21.9 percent to 5,291 metric tons (MT) from the previous month’s 4,339 MT. Despite the month-on-month decline, however, meat imports rose by nearly 8 percent year-on-year in January to August. Figures from BAI showed that the continued rise in the Philippines’s purchases of pork propelled the country’s meat imports in the reference period. Meat arrivals during the 8-month

period climbed by 7.6 percent to 1.14 million metric tons (MMT) from last year’s 1.06 MMT. Pork shipments rose by 5.16 percent to 602,655 metric tons (MT), accounting for more than half of the total shipments, from 573,091 MT in 2025. The bulk of the imports were pork cuts and offals at 254,524 MT and 182,969 MT, respectively.

Import ban

WITH the increase in shipments, agriculture group Sinag called on the government to restore pork tariffs to their original levels and impose an import ban on pork. This, as the local hog sector currently grapples with plunging farmgate prices of around P130 to P145 per kilo, “threatening the viability of the local hog industry and allied sectors.” Sinag Executive Director Jayson Cainglet said restoring pork tariffs to 40 percent for the out-quota volume and 30 percent for the in-quota shipments has been “long overdue.” “Supporting local food production amid rising global oil prices and economic uncertainty is not merely about helping farmers—it is about safeguarding the broader economy,” he said. “Now more than ever, strengthening domestic agricultural production will reduce external dependence, ensure baseline food availability, protect rural livelihoods, and sustain jobs across allied industries.”

Friday, September 25, 2026 A9

ERC mulls over options to reduce electricity costs

By Lenie Lectura

HE power industry’s regulatory body said it has “exhausted all possible legal ways” to bring down electricity rates. Its only remaining options are to extend the no-disconnection policy and order staggered payments. “We have actually exhausted all possible options to provide relief to our consumers,” said ERC Chairperson Francis Saturnino Juan on Thursday. In a recent push for consumer relief, the ERC facilitated the exemption of allowable system loss charges from value-added tax (VAT). Juan said the commission will announce next month if it will extend the suspension of electricity service disconnections for non-payment of electricity bills of residential customers. The ERC earlier ordered the extension of the disconnection moratorium for nonpayment of electricity bills covering the period August to October 2026.

“We will revisit the no-disconnection policy after it expires this October; moving forward, we can focus on residential customers, while larger clients—such as industrial and commercial accounts—will be expected to pay their bills on time. We will make an announcement as early as October so that everyone can prepare accordingly,” he added. Juan said the moratorium and its possible extension apply not only to the Visayas and Mindanao— where electricity spot market prices have shot up to their highest levels yet—but also in Luzon, since power generation charges remain sig-

nificantly high there, necessitating staggered payment options. “For those requesting staggered payments—especially those who have already entered into arrangements with their suppliers for deferred or installment-based settlements—we will allow or approve such arrangements,” said the ERC chief. He also recognized the plight of smaller power distribution firms. Many electric cooperatives are facing financial difficulties—specifically cash flow issues—because customer payments are being delayed, yet they still have to make advance payments to suppliers and power generators, placing a strain on these utilities. But the ERC can only do so much to help consumers lower their electric bills without being unfair also to the distribution and generation players. Juan said the largest portion of the bill is the generation component, which fluctuates based on current demand and supply conditions. Even bilateral contracts are facing adjustments due to rising fuel costs. “It’s really difficult to intervene because doing so would be tantamount to price control. This would negatively impact the market, as we are trying to promote

competition yet finding ourselves intervening every time generation charges spike,” Juan said. On Thursday, the Visayas grid was placed on red alert again from 4 p.m. to 9 p.m. A red alert status is issued when power supply is insufficient to meet consumer demand and the transmission grid’s regulating requirement. The yellow alert was also raised from 2 p.m. to 4 p.m. and from 9 p.m. to 10 p.m. A yellow alert is issued when the operating margin is insufficient to meet the transmission grid’s contingency requirement. The number of yellow and red alerts for Visayas since the start of the year reached 1,111 and 44, respectively. The grid’s available capacity as of press time reached 2,292 megawatts (MW) while peak demand stood at 2,495 MW. There are 17 plants on forced outage this month—3 plants since August, 2 plants since June, 6 plants since May, 3 plants since 2025, 2 plants since 2024, 2 plants since 2023, and 1 plant since 2021, while 17 plants are running on derated capacities—which could have delivered a total of 949.9 MW to the grid.

PHL to host Melania Trump-led child tech event at Asean Summit By Malou Talosig-Bartolome

PROTECTING THE PASSAGE Fisherfolk from the Verde Island Passage (VIP) raise their fists during a press briefing against a backdrop of Verde Island on Thursday, September 24, 2026, calling for stronger legal protection and conservation of the marine biodiversity hotspot. The VIP spans waters around Batangas, Oriental Mindoro, Occidental Mindoro, Marinduque and Romblon. The fisherfolk also called for effective vessel monitoring and protection of the rights of municipal and small-scale fishers to safeguard their livelihoods and marine resources. NONOY LACZA

Vowing to tighten rules, Discord back online By Lorenz S. Marasigan

ISCORD is back online in the Philippines, after the messaging platform committed to immediately strengthen protections for young users and to give government cyber authorities a “green lane” for monitoring and identifying threat actors on its platform. Department of Information and Communications Technology (DICT) Secretary Henry Aguda said Discord reached out to the agency and to the Cybercrime Investigation and Coordinating Center (CICC), and pledged to act without delay to protect children online. “Discord reached out to us—to the DICT and the CICC—and committed to immediately take steps to further strengthen the protec-

tion of young people,” Aguda said in Filipino. He added that the company acknowledged problems on its platform and the need to tighten its rules. “Discord also shared with us that they are aware of what has been happening on their platform…they also recognize and acknowledge that there are things that need to be fixed and tightened in their policies,” Aguda said. CICC Undersecretary Renato Paraiso Jr. said the meeting with Discord was successful and secured the company’s commitment to work with the government on its online child safety measures. “We are pleased to report that the meeting was successful and we obtained Discord’s commitment that they will cooperate with us in

reaching our goals and in tightening the online child safety measures we are implementing in our country,” Paraiso said. Under the arrangement, Discord will extend to authorities a “green lane,” similar to the one earlier committed by Reddit, covering the monitoring and recognition of threat actors on the platform. “That means only one thing…no one will be able to hide anymore, those who exploit and harm our young people,” Paraiso said. The CICC official said Discord will either set up a local satellite office or designate personnel in the country. Whichever option the company chooses, he said, communication and coordination with Discord will become easier, and urgent concerns involving its platform can be relayed more quickly.

Paraiso said the government will not be complacent, but also apologized to all those affected and inconvenienced by the several-hour ban of Discord in the country. “We are fixing everything, together with Discord,” Paraiso said. The CICC earlier gave Discord and community platform Reddit 24 hours to designate a resident agent or local representative who could facilitate Philippine jurisdiction and improve coordination with authorities, as law enforcement and cybersecurity agencies raised alarms over the use of private, invitation-only online communities to groom, radicalize and recruit minors into real-world violence. The agency initially extended the deadline for both platforms but later retracted Discord’s extension, resulting in its temporary ban.

IRST Lady Liza AranetaMarcos will host the Asean leg of a global initiative led by US First Lady Melania Trump that seeks to promote the safe and responsible use of advanced technologies, including artificial intelligence (AI), for children. Trump made the announcement after convening first spouses during a luncheon on the sidelines of the 81st United Nations General Assembly in New York on September 22. Her disclosure that AranetaMarcos would host a Fostering the Future Together Global Coalition event appeared to offer an informal indication that US President Donald Trump is expected to attend the upcoming ASEAN Summit in Manila scheduled from November 16 to 18. The Asean Summit was originally set for November 12 to 14 but was rescheduled to accommodate the calendars of leaders from Asean’s 11 member-states, as well as dialogue partners including the United States, China, Japan, South Korea, India and Russia.

Department of Foreign Affairs Acting Secretary Leo HerreraLim told the BusinessMirror that Trump’s participation in the Asean Summit remains unconfirmed. “His attendance is not confirmed until he arrives,” Herrera-Lim said. He said Manila revised the Asean schedule to accommodate world leaders who are also expected to attend other major international gatherings, including the Francophonie Summit in Cambodia on September 15 and 16 and the Asia-Pacific Economic Cooperation (APEC) Summit in China on September 17 and 18.

Coalition for children

WHILE President Ferdinand Marcos Jr. skipped this year’s UN General Assembly high-level week, Araneta-Marcos traveled to New York to participate in related events and engagements. On Tuesday, she joined fellow first spouses at a luncheon under the Fostering the Future Together Global Coalition, which has expanded to 57 participating countries. The coalition aims to help children “learn, grow and thrive” See “Asean,” A2

FIRST Lady Liza Araneta-Marcos with US First Lady Melania Trump LIZA MARCOS FACEBOOK ACCOUNT

A10 Friday, September 25, 2026 • Editor: Angel R. Calso

Opinion BusinessMirror

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editorial

We cannot look away any longer: The truth about school violence

HE Banga National High School in South Cotabato has become the latest crime scene in an escalating epidemic of school violence that is tearing at the fabric of Philippine education. When a 16-year-old Grade 9 student opened fire with his father’s caliber .45 pistol last Friday, he claimed the lives of two 14-yearold girls and his own, leaving eight others wounded and a community shattered. That this tragedy occurred exactly one month after the deadly Zamboanga school shooting—and just two weeks after the Department of Education launched updated active shooter drills— signals a crisis demanding immediate, comprehensive intervention. (Read the BusinessMirror story: “3 killed, 8 wounded in South Cotabato school shooting,” September 18, 2026). The details emerging from Banga are particularly chilling. The assailant did not simply snap; he planned. He warned friends to go home early because he intended to “do something” after lunch. He carried his parents’ firearm into the school with clear premeditation. Most disturbingly, South Cotabato Governor Reynaldo Tamayo Jr. revealed the shooter’s affiliation with an online “True Crime Community”—a nihilistic violent extremist group that promotes violence without coherent ideology, radicalizing impressionable youth through digital channels. The pattern is undeniable. Since June, we have witnessed six major incidents of school violence across the country—from the Tacloban shooting that killed three and injured 20, to multiple stabbings in Cavite, Bacolod, and Las Piñas. Three deadly school shootings in a single year mark a terrifying new chapter in Philippine educational history. What was once considered unthinkable—students arming themselves and turning weapons on classmates—has become a recurring nightmare. We must confront uncomfortable truths. First, firearm accessibility in homes is creating preventable tragedies. When a minor can simply retrieve a parent’s handgun, we have failed at the most basic level of gun safety. Second, the digital ecosystem is failing our children. From Roblox fanaticism to true crime extremism, online platforms are becoming breeding grounds for violent radicalization, and parents, educators, and tech companies remain dangerously behind the curve in monitoring and intervention. Third, our mental health infrastructure within schools is inadequate. While the DepEd has pledged psychological first aid and psychosocial support, reactive measures cannot substitute for robust, ongoing mental health screening and counseling that identifies at-risk youth before they reach for weapons. The response cannot be limited to active shooter drills and increased security personnel—though these are necessary interim measures. We need a fundamental reimagining of how we protect our educational spaces. This means stricter liability for gun owners whose weapons are used by minors, mandatory mental health curricula in schools, and serious regulatory scrutiny of online platforms that facilitate extremist grooming. It requires coordination between the DepEd, law enforcement, mental health professionals, and families that transcends bureaucratic silos. The victims of Banga National High School deserved to learn in safety, not to become statistics in a growing catalogue of classroom carnage. As we mourn the dead and pray for the wounded, we must recognize that thoughts and condolences are insufficient. The warning signs were present—the friends who knew, the online communities that radicalized, the weapon that was accessible. We failed to connect these dots. Three school shootings in one year is three too many. The time for comprehensive action is now, before another student picks up a parent’s gun, before another online community poisons another young mind, before another school becomes a memorial. Our children’s safety cannot wait for the next tragedy to force our hand.

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September 21 as UP Day of Remembrance Dennis Gorecho

Kuwentong Peyups

‘S

EPTEMBER 21. We will never forget.” On September 21, 1972, President Ferdinand Marcos, Sr. declared Martial Law in the Philippines by virtue of Proclamation No. 1081.

It marked the beginning of a 14year period of one-man rule, which effectively lasted until Marcos was exiled from the country on February 25, 1986. Proclamation No. 1081 was formally lifted on January 17, 1981 by Proclamation No. 2045. On September 17, 2018, University of the Philippines (UP) President Danilo Concepcion signed Proclamation No. 1, Series of 2018, declaring September 21 every year as UP Day of Remembrance. The day serves to commemorate members of the UP community who stood at the forefront of the resistance to Martial Law. “It serves to highlight the University’s role as a champion of academic freedom and as a beacon of hope and an advocate of human rights during the darkest days of democracy in the country,” UP said on its website. The Day is intended “to remember the sacrifices and legacy of UP heroes, the living and the fallen, and to impart their stories to younger generations of Iskolar ng Bayan and other patriotic Filipinos.” “As we remember our heroes, may

we carry forward the lessons they gave us in confronting the challenges of our nation today—especially in safeguarding our hard-won rights and freedoms.” Activist Judy Taguiwalo views the UP Day as a vital commitment to continue nation-building and resist historical revisionism. “The attempt at historical revisionism of the Marcoses is essentially forgetting the dark chapter of our history and the sacrifices of so many people, including teachers and students of UP campuses,” Taguiwalo said. She stressed that the commemoration “is not just a walk down memory lane, but a pledge that the fight against ongoing issues like human rights violations, plunder, corruption, and environmental destruction must persist.” I was born in the same period when the First Quarter Storm (FQS) was associated with anti-Martial Law protests, mostly led by UP students and faculty, the same academe where I later spent a decade of my student life. Back in the 1970s, many members

of the UP community participated in protests against the reign of the dictator Ferdinand Marcos, Sr., prompting the declaration of Martial Law on September 21, 1972. FQS was a period of civil unrest with series of demonstrations, protests, and marches against the Marcos Sr. administration, mostly organized by students, which took place during the “first quarter of the year 1970” or from January 26 to March 17, 1970. Violent dispersals of ensuing FQS protests were among the first watershed events in which large numbers of Filipino students of the 1970s were radicalized against the Marcos administration. The regime was marked by extensive, systematic human rights violations including 3,257 cases of extrajudicial killings, 35,000 torture, 737 enforced disappearances, and 70,000 arbitrary incarcerations. Many became “ desaparecidos,” which is the Spanish and Portuguese word for “disappeared people” or victims of forced disappearance. The victims are subjected to extrajudicial punishment wherein government elements abduct a person to vanish from public view. The victim is first kidnapped, and then illegally detained in a secret location, often tortured, and finally executed and the corpse hidden. “The greatest threat to freedom is the shortness of human memory,” former Supreme Court Chief Justice Claudio Teehankee said in the case of Olaguer v. Military Commission (GR L-54558 May 22, 1987) as he gave recognition to “the unforgettable and

noble sacrifices of the countless brave and patriotic men and women who fell as martyrs and victims during the long dark years of the deposed regime.” The Guinness World Records gave the late dictator a title for the “Greatest Robbery of a Government” citing $860.8 million worth of assets such as Swiss bank deposits, shares of stock and real estate, sale of surrendered properties and assets and paintings, and pieces of jewelry from the Marcoses and cronies. In Marcos v. Manglapus, (GR 88211 September 15, 1989), the Court said that “nor are the woes of the Republic purely political. The accumulated foreign debt and the plunder of the nation attributed to Mr. Marcos and his cronies left the economy devastated xxx. We cannot ignore the continually increasing burden imposed on the economy by the excessive foreign borrowing during the Marcos regime, which stifles and stagnates development and is one of the root causes of widespread poverty and all its attendant ills.” The Supreme Court described the Marcos Sr. dictatorship as a “wellentrenched plundering regime of 20 years.” in PCGG v. Peña (GR L-77663, April 12, 1988) The SC noted the “magnitude of the Marcos regime’s ‘organized pillage’ and the ingenuity of the plunderers and pillagers with the assistance of the experts and best legal minds available in the market.” Peyups is the moniker of the University of the Philippines. Atty. Dennis R. Gorecho heads the Seafarers’ Division of the Sapalo Velez Bundang Bulilan Law Offices. For comments, e-mail info@ sapalovelez.com, or call 0908-8665786.

Air traffic control calamity disrupting hundreds of US flights spotlights the aging system By Josh Funk | AP Transportation Writer

OMMUNICATIONS failures that snarled hundreds of flights across the Northeast on Monday have put the spotlight back on the aging systems that air traffic controllers rely on in the US. Congress already handed the Federal Aviation Administration $12.5 billion last year to overhaul technology after the deadliest US plane crash in more than two decades killed 67 people when an American Airlines flight collided with an Army Black Hawk helicopter over the Potomac River and a series of radar outages later that spring led to widespread cancellations at Newark Liberty International Airport. The same Philadelphia facility that had the radar outages in the spring of 2025 lost both its primary and backup data lines at the same time on Monday. But that regional

air traffic control center isn’t alone; similar communications outages have also disrupted flights in Minneapolis and Dallas over the past year. Transportation Secretary Sean Duffy quickly turned Monday’s disruption that hit every major airport in the New York area into the latest example of why he’s asking Congress for $20 billion more to pay for the next phase of the air traffic control overhaul. Airlines were working to recover from the outage on Tuesday, but FlightAware.com showed nearly 100 flights had been canceled by midday because a number of planes

and crews were out of position after Monday’s cancellations. “I have money for some of the telecom replacing old copper wires. Bringing in new fiber so it’s faster. The problem is this is a 40-year-old architecture or design,” Duffy said on Fox News Tuesday. “I need new money to do a whole new design—a new architecture of telecom so it will never go down.” The aviation industry’s Modern Skies Coalition backed Duffy’s plan again and urged Congress to approve the money because the latest disruptions “demonstrate how critical it is to replace the antiquated technology and outdated systems that underpin our nation’s air traffic control infrastructure.”

Both the primary and backup lines failed on Monday

A SWITCH on the primary communications line at the regional FAA air

traffic control facility in Philadelphia failed Monday morning, but when it turned to the backup fiber optic line authorities discovered that it had been inadvertently severed by railroad construction workers. The failures left controllers without radar or communications for hours. The switch is part of the equipment scheduled to be replaced. The outage brought commercial air traffic to a near-standstill at Newark for much of the day, with no commercial flights landing at the airport from about 9:40 a.m. to just after 5:20 p.m. local time, according to flight tracking site Flightradar24. More than 200 flights into and out of Philadelphia International Airport were also canceled, while disruptions hit LaGuardia and Kennedy airports in New York. Flights had resumed by Monday evening. See “Air,” A11

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Opinion BusinessMirror

Friday, September 25, 2026 A11

Pageantry for Trump-Xi Supporting Taiwan’s UN participation does summit will mask not contradict PHL’s One China Policy feud over AI race By Ambassador Wallace Minn-Gan Chow

By Josh Wingrove, Nectar Gan & Hadriana Lowenkron

ONALD TRUMP welcomes Xi Jinping to Washington for a state visit focused more on pageantry than policy, with low expectations for breakthroughs on long-standing feuds between the world’s biggest economies.

Xi and his wife, former military singer Peng Liyuan, will be greeted by Trump on Wednesday evening, marking the first time in recent memory that a US president has received his Chinese counterpart on an American airport tarmac. Meetings spanning thorny issues including trade and Taiwan will follow, along with a state dinner—the second of Trump’s current term—before farewells on Friday. The trip is Xi’s first state visit to the US capital since 2015. Both sides have lowered expectations for either breakthroughs or bust-ups. Preliminary bilateral talks in New York on Sunday were hailed as positive, but failed to reach an agreement on extending a tariff truce expiring in November. “The visit is the message,” said Edgard Kagan, a former US diplomat in Asia now at the Washington-based Center for Strategic and International Studies. “There’s been a surprising lack of signaling by either the White House or China on major goals for the visit. I think the way they are framing it is very much—this is about managing the relationship.” Signaling his desire for a smooth meeting, Trump mentioned China only once by name in his address Tuesday to the UN General Assembly. He did discuss Xi’s visit with Japanese Prime Minister Sanae Takaichi, who has butted heads with Beijing. Fault lines remain beneath the black-tie bonhomie. The US is racing to loosen China’s grip on rare earths amid complaints Beijing is slow-walking shipments central to last year’s trade truce. US Treasury Secretary Scott Bessent has warned “there is no day after tomorrow if China wins” in artificial intelligence. Chinese officials are focused on blocking a $14 billion proposed US weapons package for Taiwan, the self-governing island the Communist Party sees as its own territory. Generating a good message around the summit in both countries, tempering perceived US exaggerations of Chinese AI threats and upholding Beijing’s brightest red lines on Taiwan will be China’s main goals, said Zhu Feng, dean of the School of International Studies at Nanjing University. “With US weapons manufacturing facing hurdles at home, a slowdown in arms sales to Taiwan— and reduction in quantity—seems achievable,” he added.

Domestic troubles

THE tete-a-tete comes at a sensitive time for both men. Trump, 80, is bracing for his fellow Republicans to suffer defeats in the November midterm elections and faces the prospect of lame-duck status. Meanwhile, Xi, 73, is powering toward a historic fourth term in power, but is grappling with sluggish economic growth and rising youth unemployment. Other major questions will hang over the gathering, including domestic pushback in the US. Senator Roger Wicker, the Mississippi Republican who chairs the Armed Services Committee on Tuesday lambasted Trump over the visit. “Quite frankly, had the White House asked me for advice, I would have suggested the president not invite Xi Jinping to Washington for such a lavish welcome,” he said in a speech. China’s president is also not expected to bring any chief executive officers to the US as part of a business delegation, according to a senior US administration official. That comes at a time when Chinese investment into the US has already fallen. Trump has sent mixed signals

on whether he would allow Chinese cars into the American market, a potentially explosive development for the industry. He’s previously opened the door to allowing China to build US auto plants if they hire American workers. Any such deal would still have to satisfy national security rules in order to proceed, one of the US officials said. As tensions heat up over AI, the US has banned imports of new humanoid robots and inverters from China, sanctioned Chinese companies over forced labor and added its major tech firms to a Pentagon blacklist. Beijing has barred US companies and tightened controls on drone exports. Yet neither side has escalated far enough to unravel their broader truce. Trump administration officials have downplayed expectations for discussions around AI, though Bessent said the two sides agreed to establish a new dialogue on the topic. As China’s leading AI companies race to catch Silicon Valley, the US has accused them of distilling capabilities from American frontier models—allegations Beijing has rejected. “The reality is neither side really knows what can come from a dialogue at this specific political and technological moment,” said Brett Fetterly, managing principal at The Asia Group. In a briefing call Friday, US officials said they need China to do more to curb the flow of fentanyl and increase rare earth exports. The officials also said the US wasn’t interested in a fresh export control deal to gain access to metals Washington believes China already agreed to provide. China on Tuesday expanded curbs on the shipment of ingredients that can be used to produce illicit opioids, signaling cooperation on narcotics on the eve of Xi’s trip. Chinese exports of rare-earth magnets to the US dropped 21 percent in August from the previous month, according to customs data released Sunday. By contrast, China’s trade surplus with the US last month also surged almost 44 percent from a year earlier to more than $29 billion—the widest gap since Trump returned to the White House in January 2025. And while Beijing remains vulnerable to US export curbs on advanced semiconductors and their manufacturing equipment, its domestic chip industry is making strides. China’s Huawei Technologies Co. last week accelerated plans for its next-generation AI chip, a signal of defiance against US tech curbs.

Trump’s Washington

XI arrives as Trump challenges the limits of his powers in extraordinary ways. The president has banned three major news outlets from the White House, pressed to rewrite voting rules and complained about judges curbing his tariff authorities and efforts to eliminate birthright citizenship. Banners with images of Trump hang from Cabinet buildings, including the Justice Department, imagery that critics say evokes that of authoritarian governments. Trump has repeatedly lauded his relationship with Xi, and photos of their last meeting—in Beijing— hang prominently on the walls of the West Wing. That reverence could embolden Xi, and not just on Taiwan. “The US is basically giving Xi Jinping a pass,” said Scott Kennedy, a China expert at the Center for Strategic and International Studies. “We’re not constraining the Chinese, really, in any significant way.” With assistance from Michelle Jamrisko, Jing Li and Colum Murphy/Bloomberg

S the United Nations General Assembly meets in New York, Taiwanese experts remain excluded from participating in vital discussions on public health, aviation safety, climate change, disaster response, and sustainable development, leaving a serious gap in the international system.

For the Philippines, supporting Taiwan’s meaningful participation is not only an act of friendship, but also serves Philippine interests by promoting regional peace, respect for international law, secure supply chains, and economic growth.

What Resolution 2758 actually says

BEIJING often cites UN General Assembly Resolution 2758 to claim that Taiwan is part of the People’s Republic of China (PRC) and that the PRC has the right to represent Taiwan at the UN. But the truth is that the resolution says no such thing. Adopted in 1971, Resolution 2758 decided who would represent “China” at the United Nations. It gave China’s seat to the PRC. It did not mention Taiwan, determine Taiwan’s political status, or authorize Beijing to represent the people of Taiwan. The PRC has never governed Taiwan, not for a single day. Beijing’s distortion of Resolution 2758 follows a familiar strategy: repeat a disputed claim, present it as accepted law, and pressure others into silence. If this succeeds against Taiwan, the same tactic could be used to weaken the rights and sovereignty of other countries. International law must be based on what documents actually say, not on what one government wants them to mean.

One China policy is not Beijing’s One China principle

THE Philippines’ position is based

on the precise wording of the 1975 Joint Communiqué: “The Philippine Government recognizes the Government of the People’s Republic of China as the sole legal government of China, fully understands and respects the position of the Chinese Government that there is but one China and that Taiwan is an integral part of Chinese territory.” Beijing, however, goes further. Under its One China principle, it claims that Taiwan is part of the PRC and misleadingly seeks to extend its own interpretation to the One China Policies of other countries. The distinction is clear: the Philippines recognizes the PRC government as the sole legal government of China, but only understands and respects Beijing’s position on Taiwan. The communiqué does not state that the Philippines recognizes or accepts Beijing’s claim that Taiwan is part of the PRC. This should concern every country. If a powerful state can reinterpret another country’s policy to support its own territorial claims, the same tactic could be used elsewhere. The Philippines has the sovereign right to define its own foreign policy. Supporting Taiwan’s meaningful international participation is fully consistent with the Philippines’ One China policy.

We are all in one strategic theater

TAIWAN and the Philippines face

common challenges in the same strategic theater. Across the Indo-Pacific, authoritarian pressure takes many forms: military intimidation, cyberattacks, economic coercion, disinformation, and attempts to rewrite international rules. Such tactics may target one country today and another tomorrow. No country faces them alone. Peace in the Taiwan Strait is not only a matter for Taiwan. The Strait lies along major sea and air routes connecting the Indo-Pacific. Any conflict would disrupt shipping, energy supplies, air travel, semiconductor production, and regional trade. The consequences would quickly reach the Philippines and place Filipino workers and families across the region at risk. Taiwan remains committed to preserving the status quo and resolving differences peacefully. A peaceful Taiwan Strait and a stable Indo-Pacific serve the same goal: a region where every country can make its own decisions without coercion. We are all in this together. When one democracy is isolated or intimidated, others become less secure.

Economic resilience is possible for the Philippines

SECURITY also means protecting the economy from political pressure. China was once the main destination for Taiwanese overseas investment. While this brought commercial benefits, it also created the risk that economic dependence could be used as political leverage. Taiwan therefore began to diversify. According to statistics from Taiwan’s Ministry of Economic Affairs, China’s share of Taiwan’s total outward investment fell from 83.8 percent in 2010 to just 2.7 percent in the first quarter of 2025.Taiwanese companies are now expanding

across Southeast Asia, the United States, Japan, Europe, and other trusted markets. Taiwan has shown that reducing overdependence on China is possible. The Philippines can do it too. According to Executive Secretary Ralph Recto, the Philippines aims to increase its semiconductor and electronics exports to US$110 billion by 2030, bringing more investment and higher-paying jobs for Filipinos. Taiwan could be a valuable partner in achieving this goal. Taiwanese technology leaders are promoting a new model: not only “made in Taiwan,” but “made with Taiwan.” Taiwan could integrate its technology, manufacturing experience, and global networks with the Philippines’ talented workforce and strong electronics sector. Together, we can build trusted supply chains in semiconductors, artificial intelligence, electronics, renewable energy, and other strategic industries.

Taiwan’s participation benefits the Philippines and the international community

TAIWAN’S cooperation with the Philippines has already benefited farmers, students, medical professionals, and local communities. By supporting Taiwan’s meaningful participation in the United Nations and related organizations, the Philippines would help build a stronger international system, a safer IndoPacific, and a more resilient regional economy. This is not only support for Taiwan. It is an investment in the Philippines’ own security, prosperity, and sovereign right to shape its future free from coercion and intimidation. The author is the Representative of the Taipei Economic and Cultural Office in the Philippines.

A look at AI doomsday scenarios that researchers say could put humanity at risk By Barbara Ortutay & Kelvin Chan | The Associated Press

OR years, artificial intelligence researchers have warned of ways the technology could wipe out humanity: AI bots could design an unstoppable disease, unleash a nuclear war, or transform all of Earth into paper clip factories, as one thought experiment goes.

Debates inside the AI industry and beyond over the plausibility of these doomsday scenarios have heated up since several executives endorsed slowing the technology’s development for safety reasons. Despite warnings of the potential for humans to lose their grip on the technology, some suspect the worst-case scenarios described by the AI companies themselves have more to do with validating the importance of their work than reality. “These arguments just don’t really hold water. I think they’re sci-fi and they’re enticing to a certain childish style of thinking and it’s very tempting for the frontier labs because it helps them recruit certain types of folks,” said Juan Andrés Guerrero-Saade, a researcher at cybersecurity firm SentinelOne and a member of OpenAI’s Frontier Risk Council. Still, more people are beginning to worry about the risks of the technology that has dazzled the world with its astounding capabilities. Jacob Coxon, the Anthropic researcher who resigned from the company over concerns that it and its competitors are not acting responsibly in AI development, said on X recently that he needs to “work on” communicating to people more effectively exactly how AI would end humanity. “Unfortunately, it is very

Air. . .

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Technical problems that affect Newark Liberty Airport tend to get outsized attention because it’s a key hub for United Airlines. During the spring of 2025, controllers in Philadelphia briefly lost radar several times and then staffing shortages at the facility prompted the FAA to restrict traffic. The Dallas outage

difficult to convey specific scenarios,” he wrote earlier this month. Here are some of the more widely discussed doomsday scenarios.

Nuclear winter

RESEARCHERS have long speculated that AI systems could trigger a nuclear war by getting countries to fire warhead-tipped missiles at each other. The nuclear blasts, and ensuing lingering radioactive atmospheric fallout resulting in a “nuclear winter,” could devastate life on Earth. In a report last year, RAND Corp. researchers concluded that “at present” it wouldn’t be possible for AI to cause the use of nuclear weapons “because of strict safeguards built into the command-andcontrol systems.” However, the report said this could change if AI models are integrated into the nuclear weapon “decision chain” or gain unauthorized access to these systems. For many AI researchers, that’s where the danger lies—not in AI agents suddenly deciding to end humanity, but people, nations or groups using it to wipe out their adversaries.

Bioweapons

ONE of AI’s greatest promises is that it could help humans develop treatments and cures for diseases.

last September disrupted American Airlines’ key hub, and last month’s communications failure at a regional air traffic control facility in Minneapolis halted flights across several Midwestern states and led to numerous diversions and delays.

Problems at key regional control facilities affect flights nationwide

SHELDON JACOBSON, whose research contributed to the design of the TSA PreCheck system, said

The flip side of curing diseases is creating or advancing them to harm humanity. Earlier this month, Anthropic said it has blocked efforts by bad actors to use its AI for a host of malicious activities such as cyberattacks, surveillance, and research that could have led to biological weapons. In one instance, Anthropic said its systems blocked a request for assistance from its Claude tool for a research proposal seeking to enhance mutations to make the mosquito-borne chikungunya virus progressively more harmful. While such research could be used to develop better vaccines and treatments, Anthropic said, “it could also be used to make the pathogen more dangerous.” Along the same lines, the RAND report noted recent progress in AI development “has the potential to transform the design of synthetic pathogens.” Outlining a bioweapon doomsday scenario, the report said novel pathogens could be created in a lab, delivered to target locations, and spread to infect large populations of people in multiple places. But it still envisioned humans— and not autonomous AI—as overseeing and carrying out such an attack.

maximizer” thought experiment by the Oxford philosopher Nick Bostrom, which states that if advanced AI was told to produce as many paper clips as possible, it could eventually transform all of Earth, and then increasing portions of space, into paper clip factories. This is to illustrate how superintelligent AI—often referred to as artificial general intelligence, or AGI—could advance a goal humans may see as desirable but “which in fact turns out to be a false utopia, in which things essential to human flourishing have been irreversibly lost,” Bostrom wrote in 2003. “We need to be careful about what we wish for from a superintelligence, because we might get it,” he wrote.

AI internet takeover

Runaway AI

SOME AI researchers fear a human extinction event could result from “misalignment”—that is, when AI models act without human authorization, coordinate with other models or evade oversight. It would develop not from malicious intent—AI is not human, nor is it good or evil, after all—but simply because humans might get in the way of the model accomplishing its goal. Take the decades-old “paper clip

GIVEN the rate of AI’s development, Anthropic CEO Dario Amodei warned this month that within months a swarm of AI agents could be capable of “taking over” the internet with a botnet (a network of bots linked together with malware), potentially causing billions of dollars in damage. This could mean hacks into electrical grids, water or transportation systems and financial institutions—attacks that might not spell the end of humanity but could cause chaos and lives lost. Disruptions from software glitches in the past have highlighted the fragility of a digitized world dependent on just a few providers for key computing services, and more powerful AI models have raised concerns about vulnerabilities to cyber-attacks. But some experts say the notion of bots overtaking the entire extremely bifurcated internet is far-fetched.

the FAA needs to make sure that its backup systems are independent of the primary line to reduce the chance that both will fail at the same time. And he said maybe the agency should look at adding a third line to have an additional backup system. “When any one of these systems goes down, it doesn’t just affect that airport. Because these are major hubs, it affects literally dozens of other airports and literally thousands of passengers,” said Jacobson,

who is an engineering professor at the University of Illinois. The National Air Traffic Controllers Association said the controllers who were on duty Monday did an exceptional job making sure everyone remained safe even when they lost their radios and radar. “No controller starts their shift with the expectation that the equipment will fail them, but when it does, they display professionalism and skill,” the union said in a statement.

MEDAL TALLY R

Country

People’s Republic of China

122

Japan

Republic of Korea

Kazakhstan

Islamic Republic of Iran

Uzbekistan

Thailand

Hong Kong China

Democratic People’s Republic of Korea

Malaysia

Kuwait

Qatar

Tajikistan

India

Macao, China

Chinese Taipei

Singapore

Bahrain

Vietnam

Philippines

Jordan

Myanmar

Indonesia

Saudi Arabia

Gilas 3x3 in cruise control

Sports BusinessMirror

20TH ASIAN GAMES AICHI-NAGOYA 2026

AGOYA—Nic Cabañero and his teammates in men’s 3x3 of basketball has been staying at the massive cruise ship Costa Serena moored at Nagoya harbor for at least a week on Thursday. Nagoya and Aichi prefecture don’t have enough hotel beds to accommodate more than 11,500 athletes—not counting officials and families—for the 20th Asian Games and opted to utilize the cruise ship that could billet 5,000 individuals. Obviously, the spaces are cramped inside the ship and have to navigate through standard long and narrow hallways—the quarters are compact and provide the essential comforts needed for recovery. It didn’t take much some time for Cabañero to get used to cruise ship accommodation and any discomfort doesn’t show at all as his teammates—De La Salle’s Luis Pablo and Doy Dungo and University of Santo Tomas’s Koji Buenaflor—played in the quarterfinals against Chinese-Taipei on Thursday. Tall as they are at 6-feet-3 average, there seemed to be no problem at all. And the waves? “We don’t get nauseous, we just got used to the environment,” said Cabañero, who’s playing out of Binan Tatak Gel in the Maharlika Pilipinas Basketball League. “When your inside your room, it doesn’t feel that you’re inside a ship.” The only downside, Cabañero said, is that there are no potholes in their room. “On our side of the ship there are no potholes, but the cabins on the other side have,” he said. Inside the cabin are a functional vanity and desk area with a flat-screen television, a telephone, kettle and counter space, while the sleeping areas are cozy with twin beds covered with white linens separated by a small nightstand under framed artwork. Space is highly utilized with the athletes’ bags—including the unmistakable red “Team Philippines” hardcase luggage emblazoned with the iconic yellow sun— filling up the floor area around the beds. Despite the tight squeeze, the setup provides a vital resting sanctuary after intense, high-stakes competitions. Besides the Costa Serena, athletes are billeted in what is called the Athletes Villa, not Village, which consists of wooden cabins. There are 100 Filipino athletes who are alternately billeted at Costa Serena depending on their competition schedule and Doha was the first to utilize cruise ships as accommodation facility in the 2006 Asian Games. Jun Lomibao

CARLOS YULO delivers yet again. AP / POC MEDIA POOL

By Jun Lomibao

AGOYA—Carlos Yulo delivered another golden performance on Thursday afternoon at the Aichi-Nagoya 20th Asian Games to further cement his name as one of the best gymnasts ever in this generation. “It felt like Paris,” said Yulo, who won the men’s floor exercise gold medal that will forever glitter as one of the most precious for the Philippines in the Asian Games. Not only was the gold Yulo’s first on the continental stage, but it was also the country’s first in gymnastics in the 80-year history of the Asian Games. “I am truly overwhelmed and overjoyed by the experience,” Yulo said. “It is a great honor to receive this blessing from God, and I will truly cherish it.” Cherish he and the entire delegation will as the Philippines finally got into the gold medal column five days into the games where disappointments in swimming and mixed martial arts stunted the country’s campaign to match the four mints won in Hangzhou three years ago. Drama and suspense marked Yulo’s journey on the floor exercise mat of the Rainbow Hall of the Nagoya City General Gymnasium. He was fourth to perform behind two South Koreans and his younger Eldrew and ahead of a Chinese

A12 | Friday, September 25, 2026 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

CALOY. GOLD. OF COURSE.

and two Japanese and a Kazakh—all three are his podium nemesis for at least the past four years. Eldrew Yulo didn’t get the scores good enough for a podium finish—he’s the youngest among the eight finalists at 18—but big brother was up next to bail the Philippine campaign that teetered on glass after MMA bets Jean Claude Saclag and Carlos Alvarez and swimmer Kayla Sanchez fell short of bagging gold medals. Yulo pulled off a near flawless performance for a front-running 14.666 score on a 5.7 difficulty, but had to sit on the edge as he awaited his dreaded opponents to get their cts on the floor. In the end, it was Kazakhstan’s Milad Karimi who got the silver with 14.600 points on the same difficulty as Yulo and Japan’s Shoma Tsukiyama claiming bronze with 14.566 points on a slightly less difficulty. Yulo admitted he had to make crucial adjustments after his first pass although his landings were the steadiest among the finalists. “I knew after the first pass that I had to adjust, otherwise I won’t perform the way I did,” said Yulo, who was awarded the gold by Philippine Olympic Committee president Abraham Tolentino during the medal ceremony.

Yulo has two more opportunities to win gold, in the vault and parallel bars that are set Friday. “Hopefully, this will spark a streak,” Tolentino told the POC Media Pool with Yulo by his side. “One down, seven to go.” Tolentino predicted at least eight

gold medals in Nagoya to double the output in Hangzhou, although he lamented the lost opportunities in MMA and swimming. “Those should have been gold medals,” said Tolentino referring to MMA’s Alvarez and Saclag, who settled for silver. “And Kayla was disheartened by her loss in the 100 meters [freestyle] and couldn’t get going in the 50.” Sanchez again finished just outside the podium in the 100 free at 24.75 seconds—China’s Wu Qingfeng (23.98), Hong Kong-China’s Siobhan Haughey (24.32) and China’s Cheng Yujie (24.46) occupied the podium. The men’s basketball 3x3 team of Nic Cabañero, Luis Pablo, Doy Dungo and Koji Buenaflor, meanwhile, advanced to the semifinals following a 21-19 victory over Chinese-Taipei, but will have their hands full reaching the gold medal match as they take on South Korea—22-13 winner over China—next. The women’s 3x3 squad composed of Kennan Ka, Maria Pasilang, Amyah Espanol and Quinn de la Rosa—also reached the semifinals at Singapore’s expense, 22-12, but they’ll take on Thailand in Friday’s semifinals—the Thais beat the Iranians, 12-11. In skateboarding, Mazel Paris and Jericho Francisco advanced to the final round of their respective

Bossong emerges gold medal contender in 800m

ZION ROSE NELSON qualifies with an 11.63-second performance, thirsd in her heat in the women’s 100-meter run. AP THE men’s 3x3 team— (from left) Luis Pablo, project director Ryan Gregorio, Nic Cabanero, Doy Dungo, Koji Buenaflor and coach Patrick Fran with team staff strike a pose with the Costa Serena in the background. POC MEDIA POOL

AGOYA—Filipino-American Victoria Bossong emerged as a genuine gold medal contender for Team Philippines in athletics— besides elite pole vaulter EJ Obiena—at the Aichi-Nagoya 20th Asian Games. Bossong’s personal best of 1:58.52 in the women’s 800 meters is almost five seconds faster than the 2:03.20 winning time set by Sri Lanka’s Tharushi Karunarathna at the Hangzhou 2023 Games. Bossong, Naomi Johnson, Gabriel Borado and Michael del Prado ran the 4x100 meters mixed relay at the

Nagoya Athletic Stadium and qualified for Thursday’s final at eighth place with a time of 3:19.68, almost four seconds behind top qualifier Bahrain. Despite only training together for a week during a camp in Tokyo, the team delivered a run that highlighted the surging momentum of Philippine athletics. “I’m super proud of this team. This is the first time we’ve all run together, and it’s on such a big stage,” Bossong said. “We just broke the national record, so it’s super exciting. That’s just a testament to all of our hard work this season.”

Bossong embraced the challenge of winning gold with confidence. “That’s our goal every time we step on the track. We definitely want to bring some hard work back to the country,” she said. “Right now, Philippine athletics...we’re just really in a great period of time where there’s so much growth happening. I think we have a good shot in all of our events.” Bossong is set to compete in the women’s 800m and women’s 4x400m relay, while Johnson in the mixed relay, 200m, women’s 4x100m and 4x400m relays. Jun Lomibao

Delgaco emotional after falling short in Asiad

AGOYA—Joanie Delgaco poured everything she got from her Olympic experience but could only finish sixth in the final of women’s singles sculls of rowing at the Aichi-Nagoya 20th Asian Games on Thursday at the Nagaragawa International Regatta Course in Kaizu. Delgaco clocked 8:01.63, 40 seconds after China’s Zhang Xinyu crossed for the gold medal. Uzbekistan’s Anna Prakaten claimed silver and Iran’s Fatemeh Mojallal Topraghhale took bronze. Delgaco was thankful to have completed in the games adding she’s satisfied that she had given her best. “No podium,

but still thankful for finishing the race,” she said. “I did my best and no regrets, I gave it my best.” The Filipina rower recalled thinking about the sacrifices and preparations that brought her to the Asian Games, including a two-and-ahalf-month training camp in Germany following their initial preparations in the Philippines. Delgaco admitted that she became emotional after the race, knowing she had given her best but still fell short of a

JOANIE DELGACO hopes to turn the Asian Games setback into Olympic motivation. POC MEDIA POOL

medal, but said she believes there is a reason behind the result and hopes to bounce back in her next competition. She also credited the support of her family, particularly her parents and siblings, for encouraging her to keep going and believe in herself. Delgaco is now setting her sights on the next challenge: the Olympic qualification campaign next year. “My goal is to go for Olympic qualification,” said the two-time SEA Games gold medalist and a Paris Olympian. Jun Lomibao

events at the 20th Asian Games at Aichi Sky Expo also on Thursday. Paris, 12, finished fourth in the women’s park preliminaries with 73.93 points, while Francisco had 80-64 points to also progress to the medal round. Boxer Norlan Petecio exited from his Asian Games debut after losing to Japan’s Sewonrets Quincy Mensah Okazawa, 0-5, in a men’s 70 kgs round of 16 bout.

MAZEL PARIS ALEGADO, 12, shines as the Philippines embraces the youth trend in sports. POC MEDIA POOL

Youth wave sweeps across Asian Games

AGOYA—Kamus Wong is a 12-year-old skateboarder from Hong Kong at the Asian Games. She has no illusions of being ready yet for the Olympics. “I hope, but like—I need to skate better because now I don’t think I skate good enough to go to the Olympics,” she said Thursday. “So I need the training, and like training really hard.” Here’s the thing: Wong isn’t even the youngest competitor at the two-week Asian Games. That goes to Yuki Kurihara, an 11-year-old Japanese in esports. And they both make Yu Zidi, the 13-year-old Chinese swimmer who has won three gold medals, look like an old timer. In fact, Yu turns 14 in October. The Asian Games, similar to the Pan Am Games in the Americas, are a proving ground for young athletes. Shin Ohashi, a 17-year-old Japanese breaststroker, set a world record on Thursday about the same time Wong was skateboarding. He’ll be a threat at the Los Angeles Olympics in two years. And at 17, he’s absolutely ancient. Wong’s role model is Sky Brown, who won a bronze medal at 13 for Britain in the Tokyo Olympics, which were delayed until 2021 by the pandemic. She landed another bronze medal two years ago in the Paris Olympics. “I like her style and she’s really happy and she skates really good and fast,” Wong said of Brown. Wong, who would be in school if she wasn’t competing in Japan, said she started skating about six years ago. The upside of skateboarding, Wong said, is landing her tricks. The downside? It’s easy to guess. “If I fall really hard—hurts really much,” she said. “But sometimes I’m really happy if I land a trick and it’s really fun skateboarding. Sometimes.” The Philippines also entered a kid, Mazel Paris Alegado, in skateboarding, with the 12-year-old advancing to the final round in park. “It was super fun. I landed my runs, and that was my goal,” Alegado said. “For tomorrow, I’m gonna pray to land my runs and to have fun.” AP

Editor: Jennifer A. Ng

Companies BusinessMirror

Friday, September 25, 2026

ACQUISITION

Schneider Electric SE agreed to acquire Shelly Group SE, a maker of smart devices for the home, in a deal that values the Bulgarian company at around €1.2 billion ($1.4 billion) excluding debt. Schneider will begin a tender offer at €70 a share, the French company said in a statement Thursday, confirming an earlier report by Bloomberg News. The price is 8.7 percent above where Shelly shares closed Tuesday in Frankfurt, and 20 percent above where they stood in late July, just before Bloomberg reported that the companies were in talks. Shares in Shelly are traded in Frankfurt and Sofia. The company’s biggest investors are its co-founders, Dimitar Stoyanov Dimitrov and Svetlin Iliev Todorov, with a combined 57-percent stake. They support the acquisition, Schneider Electric said. Shelly operates in the Internet of Things market, an ecosystem of products designed to bring automation to home living. Shelly’s lineup includes smart sensors and lighting and intelligent wall plugs, its website shows. Photo shows the Schneider Electric SE headquarters in Paris. PHOTOGRAPHER: CYRIL MARCILHACY/BLOOMBERG

MAYA: WORKERS SHOULD HAVE ACCESS TO DIGITAL PAYROLL By Lorenz S. Marasigan @lorenzmarasigan

AYA Inc. is pressing for payroll portability and Open Finance to give Filipino employees more control over where their salaries land and how their financial data can be used, as it works with the country’s outsourcing industry to extend savings and credit access to nearly 1.9 million digital workers. Kristoffer Rada, Maya head of corporate affairs, said digital payroll can serve as an entry point to broader financial health as Open Finance, artificial intelligence (AI), and interoperable payment infrastructure develop. “The future of work should also mean better financial tools for workers. Reliable digital salary disbursement is the starting point,” Rada said. “When payroll connects people to saving, payments and responsible credit, it can support financial health well beyond payday.” Maya is working with business process outsourcing (BPO) companies and the IT and Business Process Association of the Philippines (IBPAP) to expand financial access for digital workers and to modernize payroll, disbursement, and reimbursement workflows. The partnership with IBPAP also seeks to widen access to savings and responsibly underwritten credit cards for qualified digital workers. Through Maya Business, employers can send salaries and other employee payouts digitally and at scale, which the company said can cut manual processes and administrative work, particularly for large employers operating across multiple sites and around the clock. Workers, in turn, can receive and manage their pay in the Maya app, using it for everyday transactions, setting funds aside in savings, and building a financial footprint. As that footprint grows, Rada said, data and AI can help financial institutions better understand customer needs and make more informed credit decisions, including for customers with limited traditional credit histories. “Payroll should not end with the disbursement of a salary,” Rada said. “Done well, it can connect workers to financial tools that help them manage everyday

needs, prepare for emergencies and build toward longer-term goals.” Maya also supports allowing employees to choose where their salaries are deposited. Backing the Digital Bank Association of the Philippines (DiBA PH), the company has advocated payroll portability, which would require bank-agnostic disbursement through interoperable payment infrastructure. Open Finance could complement this by letting workers, with their consent, securely share financial information to access services better suited to their needs. “Digital payroll is the starting point. Payroll portability can eventually give workers more choice over where their salaries go, while Open Finance can help them use their own data to access more relevant services,” Rada said. On AI, Rada said the debate over the future of work should move past whether technology will automate particular tasks and focus instead on how businesses can use it to improve productivity and competitiveness without losing trust. “AI is going to change how work gets done, but the bigger question for businesses is how to capture that value responsibly,” he said. “That means knowing where AI creates real value, where people still need to make the call and keeping clear accountability for the outcome.” Maya already uses AI in digital onboarding, credit assessment, fraud detection, personalization, customer service, and operations. It began building a formal AI governance framework in 2024, followed by a Board-approved policy and controls covering risk classification, testing, monitoring, security, and human accountability. Rada said wider AI adoption will take more than sophisticated technology. Businesses need people across functions who understand how AI can be applied responsibly, while government and industry need to keep investing in digital infrastructure, workforce capability, and responsible AI adoption. “The opportunity is bigger than adopting new technology,” Rada said. “It is about giving workers more choice, giving businesses better tools and building the infrastructure and trust that allow both to participate more fully in a digital economy.”

Alternergy: Solar projects buoy earnings in FY 2026

LTERNERGY Holdings Corp. on Thursday reported stable net income in fiscal year 2026, which ended last June 30, at P168.2 million compared with the P165 million in the previous year. Consolidated revenues increased to P471.8 million and earnings before interest and taxes, depreciation, and amortization (Ebitda) rose to P553.8 million, driven by contributions from its renewable energy portfolio, including the newly commissioned 28-megawatt peak (MWp) Balsik solar project. The Balsik solar project in Bataan generated P96.4 million in revenues, accounting for approximately 20 percent of consolidated revenues. The company’s two other solar assets—Kirahon and Palau continued to provide a substantial portion of revenues while the Pililla Wind Project recorded improved performance, supported by an increased tariff under the feed-in-tariff (FIT) program.

“FY2026 marks an important stage in Alternergy’s growth. We are beginning to realize the returns on our portfolio investments as we build the financial and operational foundation for the next phase of our development. The growth in revenues and Ebitda demonstrates the progress in our portfolio, while the substantial increase in our asset base shows the investments being made to bring our next wave of projects into operation,” said Gerry Magbanua, president of Alternergy. To date, the company has 119 MW of operating portfolio across the Philippines and the Republic of Palau. The company anticipates its operating capacity to increase to approximately 311 MW by end-2026, as its 128-MW Tanay Wind and 64-MW Alabat Wind projects advance toward commercial operations. Both projects were awarded under the DOE’s Green Energy Auction (GEA 2). Lenie Lectura

Global, local institutions to buy GCash parent shares

By VG Cabuag

@villygc

YNT Inc., the parent of fintech giant GCash, on Thursday said it has drawn commitments from several cornerstone investors both here and abroad, as the company broadens its shareholder base. Mynt said the aggregate commitments from over 20 cornerstone investors would cover the entire institutional offer tranche of the IPO, subject to any reallocation between tranches of the offer. The group also marks notable new and returning institutional participation in the Philippine capital markets, including Albizia Capital Pte. Ltd., Amundsen Investment Management and HSBC Global Asset Management (UK) Ltd. making their first cornerstone investment commitment in the Philippines, and Ninety One North America Inc. and Ninety One UK Ltd. participating as cornerstone investors in Southeast Asia for the first time.

“We believe this reflects confidence in our position as the nation’s number one finance super app, our track record of profitable growth, and the significant market opportunity that lies ahead of us,” Martha Sazon, president and CEO of Mynt. “Building a high-quality, diversified and long-term shareholder base is important to us, not just for the IPO, but for Mynt’s next chapter as a public company. The breadth and quality of cornerstone investor participation from both global and domestic institutions speaks to the strength of Mynt today and the opportunity ahead,” Evelyn Ng, the company’s CFO, said. Other global cornerstone inves-

tors include BlackRock Inc., Capital Research and Management Co., FIL Investment Management (Hong Kong) Ltd., International Finance Corp., Lazard Asset Management LLC, NS Partners Ltd., RWC Asset (US) LLC, RWC Asset Management LLP, Schroder Investment Management Ltd., Schroder Investment Management (Singapore) Ltd. and Schroder Investment Management (Hong Kong) Ltd., Surveyor Capital (a Citadel company), T. Rowe Price International Ltd. and T. Rowe Price Associates, Inc. Domestic cornerstone investors include ATRAM Trust Corp., BPI Asset Management and Trust Corp., China Bank Capital Corp., Metrobank Bank & Trust Co.-Trust Banking Group, Philequity Management Inc. and RCBC Capital Corp. Eric Jurado, hedge fund manager for the SeA (Southeast Asia) Focus Portfolio, said one of the “most attractive aspects” of Mynt GCash is that it has already built something that would be difficult and expensive to replicate from scratch. As of June, GCash has about 41.5 million monthly active users, or more than a third of the country’s population and half of the country’s adults.

He said a competitor would not simply have to create another mobile wallet—it would have to build a comparable customer base, merchant network, financial infrastructure, brand, regulatory capabilities and ecosystem of financial products. Jurado said GCash is no longer just a digital remittance tool, expanding into the “land-and-expand” strategy, capturing consumers through simple, high-frequency services like peer-to-peer transfers, then seamlessly introducing them to higher-margin financial products. “Go deep by increasing engagement and the number of financial services each customer uses. Go wide by bringing more Filipinos, including those overseas, consumers, merchants, and businesses into the ecosystem,” he said. “That means execution matters. Competition matters. Credit quality matters. Regulation matters. And, perhaps most importantly, earnings growth matters… It is about whether one of the Philippines’ most successful digital platforms can continue turning its enormous user base into a long-term earnings-compounding machine.”

Companies BusinessMirror

Friday, September 25, 2026

Assets of Ayala Land, units to expand portfolio of Areit By VG Cabuag

@villygc

HAREHOLDERS of Areit Inc., the real estate investment trust (REIT) sponsored by Ayala Land Inc. (ALI), approved the infusion of six commercial assets valued at P17.3 billion. This will raise Areit’s assets under management to P177 billion from the current P159 billion. Under the transaction, Ayala Land and its subsidiaries--Capitol Central Commercial Ventures Corp., Makati Cornerstone Leasing Corp., Bay City Commercial Ventures Corp. and North Triangle

Hotel Ventures Inc.--will subscribe to 462.48 million Areit primary common shares at an exchange price of P37.48 per share. This is a premium to Areit’s 30day volume-weighted average price as of the board’s approval on August 10. With shareholder approval ob-

tained, the transaction will then be brought up for regulatory approval, the company said. The six assets will increase Areit’s exposure to retail and hospitality, which together will account for 41 percent of the P177-billion postswap assets under management, the highest share in its history. Offices will comprise 55 percent, retail at 33 percent, hotels 8 percent and land 4 percent. “These infusions strengthen AREIT’s scale and diversify our portfolio across offices, retail and hospitality, while introducing lease structures that allow us to participate more directly in the operating performance of these assets,” Areit President and CEO Alberto M. de Larrazabal said. “This gives Areit additional avenues for sustainable growth

while strengthening the quality and recurring income base of the portfolio.” The infusions include Glorietta 4 in Makati, Ayala Malls Capitol Central in Bacolod, Ayala Malls Circuit in Makati, Ayala Malls Cloverleaf in Quezon City, New World Hotel in Makati and Seda Vertis North in Quezon City. The properties were independently appraised by Asian Appraisal, with the transaction valuation and exchange price supported by a third-party fairness opinion from FTI Consulting. Income from the assets will begin accruing to Areit, and the corresponding shares will be issued to ALI and its subsidiaries, upon securing the required approval from the Securities and Exchange Commission, the company said.

First Gen awaits circular for PGRDF By Lenie Lectura @llectura

IRST Gen Corp. said it is “motivated” to advance geothermal exploration drilling activities following the Department of Energy’s (DOE) recent release of the draft circular for the Philippine Geothermal Resource De-Risking Facility (PGRDF). “That’s very helpful. The de-risking facility would allow us to advance our exploration and our program,” said First Gen President Francis Giles Puno during the company’s Power Economics Forum held Thursday in Pasig City. The DOE issued the draft circular to establish guidelines for a P10.07-billion facility backed by a sovereign loan from the Asian Development Bank (ADB). The PGRDF covers 50 percent of eligible greenfield geothermal site development costs, while project developers must provide the remaining 50 percent as equity match. The primary goal is to de-risk early-stage geothermal exploration and pre-development drilling, which traditionally carry high upfront financial risks When asked if the amount is substantial to partly cover some of the early-stage geothermal exploration and pre-development drilling, which traditionally carry high upfront financial risks, Puno said, “It’s a good start because hopefully, the DOE representative mentioned that it could be just the beginning. But it’s a good start. There is an amount there.” Energy Development Corp. (EDC), the geothermal arm of First Gen, is spending around $6 million to $10 million in average drilling cost. “So, at least with the de-risking facility, if you’re not successful, half of that becomes a grant. But the government

won’t lose anything because if you’re successful, then it becomes a loan. What it does is because we have smaller resource areas remaining, it’s really more risky now because you’re trying to get a resource for a lower capacity. It’s like you’re risking a lot every time. So, with the de-risking facility, at least we’re divided. And it’s a good signal from the government,” EDC President Jerome Cainglet said during the forum. Puno said First Gen has invested more than P200 billion in Philippine geothermal, building and operating some of the world’s largest integrated geothermal steamfield and power generation operations. “Today, that capability is extending beyond our shores. Through our partnership with Sinar Mas, we are bringing decades of Philippine geothermal experience to Indonesia. Our advantage, therefore, is not simply the resource beneath our feet. It is the knowledge and capability we have built around it. If we can combine our geothermal resources and expertise with the right infrastructure, regulation and market design, geothermal can become more than another source of renewable electricity. It can become a strategic national asset--strengthening our energy security, supporting decarbonization and building a Philippine capability with value well beyond our shores,” Puno said. EDC has over 1,464.5 megawatts (MW) total installed capacity that accounts for almost 20 percent of the country’s total installed renewable energy capacity. Its 1,169.85 MW geothermal portfolio comprises 80 percent of the country’s total installed geothermal capacity, making the Philippines the third largest geothermal producer in the world.

MUTUAL FUNDS

September 24, 2026

NAV ONE YEARTHREE YEAR FIVE YEAR Y-T-D PER SHARE RETURN* RETURN STOCK FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ALFM GROWTH FUND, INC. -A203.46 -5.57% 0.96% -1.66% -2.77% -4.97% ATRAM ALPHA OPPORTUNITY FUND, INC. -A 2.352 12.92% 17.9% 8.5% 5.14% 8.81% ATRAM PHILIPPINE EQUITY OPPORTUNITY FUND, INC. -A 2.7394 -4.99% 0.09% -2.12% -4.47%-3.91% CLIMBS SHARE CAPITAL EQUITY INVESTMENT FUND CORP. -A 0.7449 -0.01% 3.8% 0.28% N.A1.46% FIRST METRO CONSUMER FUND, INC. -A 0.4852 -15.97% -8.96% -9% N.A -12.75% FIRST METRO SAVE AND LEARN EQUITY FUND, INC. -A 4.1583 -7.3% -1.94% -3.68% -2.65% -4.91% FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC. -A 0.6176 -5.42% -1.91% -3.63% N.A-3.89% MBG EQUITY INVESTMENT FUND, INC. -A 66.45 -22.14% -8.5% -7.23% N.A -25.72% PAMI EQUITY INDEX FUND, INC. -A 40.351 -3.46% -0.12% -2.37% -2.48% -2.44% PHILAM STRATEGIC GROWTH FUND, INC. -A 426.63 -5.73% 0.55% -2.16% -2.6% -5.09% PHILEQUITY DIVIDEND YIELD FUND, INC. -A 1.5505 2.93% 11.14% 4.63% 1.77% -0.69% PHILEQUITY FUND, INC. -A34.3041 -0.74% 2.65% -0.27% -0.84% -0.37% PHILEQUITY MSCI PHILIPPINE INDEX FUND, INC. -A 0.9107 3.31% 4.33% 0.5% N.A 2.59% PHILEQUITY PSE INDEX FUND, INC. -A 4.3735 -2.54% 0.91% -1.32% -1.62% -2.15% PHILIPPINE STOCK INDEX FUND CORP. -A 719.85 -2.9% 0.55% -1.64% -1.79% -2.06% SOLDIVO STRATEGIC GROWTH FUND, INC. -A 0.6923 -0.59% 2.63% -0.38% -2.78% -1.4% SUN LIFE PROSPERITY PHILIPPINE EQUITY FUND, INC. -A 3.0028 -9.64% -1.69% -3.78% -3.32%-6.44% SUN LIFE PROSPERITY PHILIPPINE STOCK INDEX FUND, INC. -A 0.8061 -3.12% 0.11% -2.01% -2.06%-2.17% UNITED FUND, INC. -A3.50735.47% 5.93% 1.44% 0.14% 6.69% PRIMARILY INVESTED IN PESO SECURITIES (UNITS) COL EQUITY INDEX UNITIZED MUTUAL FUND, INC. -A 1.011 -2.79% 0.57% N.A N.A -2.12% COL STRATEGIC GROWTH EQUITY UNITIZED MUTUAL FUND, INC. -A 1.0079 -4.55% N.A N.A N.A -3.41% PHILEQUITY ALPHA ONE FUND, INC. -A 0.869 -8.51% -3.28% -4.48% N.A -7.97% PHILIPPINE STOCK INDEX FUND CORP. -A 868.89 -2.86% 0.35% N.A N.A -1.98% EXCHANGE TRADED FUND (SHARES) ATR FAMI PHIL. EQUITY EXCHANGE TRADED FUND, INC. -A,C 98.2218 -2.62% 0.76% -1.32% -1.39%-1.79% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) ATRAM ASIAPLUS EQUITY FUND, INC. -B $1.2828 27.99% 16.39% 1.97% 3.42% 25.21% SUN LIFE PROSPERITY WORLD VOYAGER FUND, INC. -A $2.4801 15.3% 16.7% 6.47% 9.04% 11.5% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (UNITS) N.A N.A N.A N.A N.A PHILEQUITY GLOBAL FUND, INC. -A,2 1.0786 BALANCED FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ATRAM PHILIPPINE BALANCED FUND, INC. -A 2.1366 -0.42% 0.63% -0.71% -1.06% -0.17% ATRAM UNICAPITAL DIVERSIFIED GROWTH FUND, INC. -A 1.7016 5.7% 5.64% 0.36% -0.65%3.99% FIRST METRO SAVE AND LEARN BALANCED FUND, INC. -A 2.4487 -1.44% 0.41% -1.49% -0.74%-0.54% FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC. -A 0.2251 -2.72% 6.22% 2.75% N.A-2.93% NCM MUTUAL FUND OF THE PHILS., INC. -A,1 1.9442 -0.06% 0.81% -0.2% 0.13% -2.91% PAMI HORIZON FUND, INC. -A3.646 -2.21% 2.41% -0.21% -0.52% -3.8% PHILAM FUND, INC. -A15.4092 -4.08% 1.13% -1.34% -1.09% -3.75% SOLIDARITAS FUND, INC. -A2.0618 -1.47% 1.88% 0.05% -0.3% -1.83% SUN LIFE OF CANADA PROSPERITY BALANCED FUND, INC. -A 3.3137 -4.94% 0.59% -1.56% -1.45%-3.21% SUN LIFE PROSPERITY DYNAMIC FUND, INC. -A 0.8687 -6.11% 0.29% -0.86% -1.25% -4.61% PRIMARILY INVESTED IN PESO SECURITIES (UNITS) BPI WEALTH BUILDER MULTI-ASSET MUTUAL FUND, INC. -A,3 10.76 N.A N.A N.A N.A N.A SUN LIFE PROSPERITY ACHIEVER FUND 2028, INC. -A 0.9762 0.45% 2.13% -0.2% N.A -0.27% SUN LIFE PROSPERITY ACHIEVER FUND 2038, INC. -A 0.8251 -2.38% 0.87% -1.86% N.A -1.98% -2.65% SUN LIFE PROSPERITY ACHIEVER FUND 2048, INC. -A 0.7928 0.38% -2.37% N.A -2.27% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) COCOLIFE DOLLAR FUND BUILDER, INC. -A $0.03349 -1.33% 1.55% -2.7% -0.73% -2.36% PAMI ASIA BALANCED FUND, INC. -B $1.1639 -4.14% 10.11% 1.63% 2.19% -3.81% SUN LIFE PROSPERITY DOLLAR ADVANTAGE FUND, INC. -A $5.7026 9.33% 12.17% 3.68% 5.89%6.82% SUN LIFE PROSPERITY DOLLAR WELLSPRING FUND, INC. -A $1.2051 2.98% 6.99% 0.34% 2.37%1.83% BOND FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ALFM PESO BOND FUND, INC. -A 425.06 2.3% 3.21% 2.62% 2.52% 1.21% ATRAM CORPORATE BOND FUND, INC. -A 1.9899 2.32% 1.29% 0.61% 0.38% 1.6% COCOLIFE FIXED INCOME FUND, INC. -A 3.607 1.43% 3.07% 2.16% 3.17% 0.2% EKKLESIA MUTUAL FUND, INC. -A 2.4371 0.2% 2.83% 1.48% 1.38% -0.63% FIRST METRO SAVE AND LEARN FIXED INCOME FUND, INC. -A 2.4997 -2.16% 1.06% 0.49% 1.1%-2.7% PHILAM BOND FUND, INC. -A4.5013 -1.58% 2.28% 0.08% 0.65% -2.36% PHILAM MANAGED INCOME FUND, INC. -A 1.546 2.79% 4.49% 3.21% 2.94% 1.71% PHILEQUITY PESO BOND FUND, INC. -A 4.327 1.14% 2.87% 1.65% 1.87% 0.32% SOLDIVO BOND FUND, INC. -A1.1311 1.87% 2.86% 1.75% 1.69% 0.95% SUN LIFE OF CANADA PROSPERITY BOND FUND, INC. -A 3.4471 -2.45% 2.08% 1.4% 1.94% -2.64% SUN LIFE PROSPERITY GS FUND, INC. -A 1.8307 -2.23% 1.77% 0.93% 1.36% -2.85% CORPORATE DEBT VEHICLE (UNITS) ATRAM UNITIZED CORPORATE DEBT FUND 2 -A,5 1.0162 N.A N.A N.A N.A N.A PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) ALFM DOLLAR BOND FUND, INC. -A $532.92 1.62% 2.85% 1.76% 1.92% 0.73% ALFM EURO BOND FUND, INC. -A Є222.41 -0.23% 1.72% 0.17% 0.48% -0.61% ATRAM TOTAL RETURN DOLLAR BOND FUND, INC. -B $1.048 -2.97% 0.5% -2.78% -0.73% -2.51% FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC. -A $0.0256 -3.03% 1.89% -0.46% 0.2%-3.4% PAMI GLOBAL BOND FUND, INC. -B $1.0465 -1.84% 7.8% 0.01% -0.55% -1.27% PHILAM DOLLAR BOND FUND, INC. -A $2.4091 -2.26% 3.21% -0.93% 0.47% -2.86% PHILEQUITY DOLLAR INCOME FUND, INC. -A $0.0630933 -1.74% 1.37% 0.04% 1.05% -2.1% SUN LIFE PROSPERITY DOLLAR ABUNDANCE FUND, INC. -A $2.8644 -2.23% 2.61% -2.19% -0.74%-2.33% MONEY MARKET FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) AIB MONEY MARKET MUTUAL FUND, INC. -A 1.189 2.76% N.A N.A N.A 1.94% ALFM MONEY MARKET FUND, INC. -A 153.09 4.11% 4.11% 3.2% 2.88% 2.83% FIRST METRO SAVE AND LEARN MONEY MARKET FUND, INC. -A 1.2271 3.45% 3.79% 3.06% N.A2.45% SUN LIFE PROSPERITY PESO STARTER FUND, INC. -A 1.5177 3.48% 3.6% 2.98% 2.77% 2.44% PRIMARILY INVESTED IN PESO SECURITIES (UNITS) ALFM MONEY MARKET FUND, INC. -A 117.29 4.07% 4.31% N.A N.A 2.93% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) SUN LIFE PROSPERITY DOLLAR STARTER FUND, INC. -A $1.1969 2.48% 3.3% 2.48% N.A 1.75% FEEDER FUNDS PRIMARILY INVESTED IN PESO SECURITIES (UNITS) ALFM GLOBAL MULTI-ASSET INCOME FUND, INC. -A 47.6842 5.17% 3.93% N.A N.A 3.41% MBG ASIA FRONTIER FEEDER UMF, INC. -B,4 1.8416 N.A N.A N.A N.A N.A SUN LIFE PROSPERITY WORLD EQUITY INDEX FEEDER FUND, INC. -A 2.5976 27.66% 22.55% 14.45% N.A19.7% SUN LIFE PROSPERITY WORLD INCOME FUND, INC. -A 1.1943 10.42% 6.6% N.A N.A 7.04% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (UNITS)

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PSE STOCK QUOTATIONS

Net Foreign Stocks Bid Ask Open High Low Close Volume Value Trade (Peso) Buy (Sell) FINANCIALS

ASIA UNITED BDO UNIBANK BANK COMMERCE BANK PH ISLANDS CHINABANK EAST WEST BANK METROBANK PB BANK PBCOM PHIL NATL BANK PSBANK RCBC SECURITY BANK UNION BANK BRIGHT KINDLE COL FINANCIAL FERRONOUX HLDG MEDCO HLDG MANULIFE NTL REINSURANCE PHIL STOCK EXCH SUN LIFE VANTAGE

47.6 111.3 10.16 95.6 51.6 10.16 61 6.91 14.68 76 50.05 21.7 62 21.95 0.465 1.46 3.8 0.098 2,650 1.31 208 4,900 1.4

pifa.com.ph to see the latest NAVPS/NAVPU.”

48.5 111.5 10.26 95.7 52.8 10.18 61.3 6.98 14.7 76.5 50.5 23.05 62.2 22 0.475 1.47 3.82 0.102 2,690 1.33 210 4,950 1.43

47.4 113.5 10.18 97.7 51.85 10.14 61.1 7 14.72 77.9 51.4 22.55 63.2 22 0.47 1.43 3.82 0.098 2,650 1.32 208 4,900 1.46

48 114 10.26 97.8 52.8 10.26 61.8 7 14.72 77.9 51.4 22.55 63.2 22 0.485 1.5 3.82 0.098 2,650 1.34 210 4,900 1.48

47.4 110.1 10.16 95.7 51.35 10.12 60.75 7 14.68 76 50 22.5 61 21.8 0.47 1.42 3.82 0.098 2,650 1.31 208 4,900 1.39

48 111.3 10.26 95.7 52.8 10.18 61 7 14.7 76.5 50.5 22.5 62 21.95 0.47 1.46 3.82 0.098 2,650 1.31 208 4,900 1.4

11,600 2,146,520 32,200 2,104,740 155,430 217,800 2,744,640 200 15,300 331,310 6,010 12,200 153,230 21,200 110,000 44,713,000 1,000 10,000 15 372,000 1,630 5 2,140,000

551,275 240,105,096 327,554 202,246,121 8,144,034 2,208,526 167,636,023 1,400 225,038 25,386,542 301,148 275,000 9,515,503 465,210 51,850 63,518,450 3,820 980 39,750 492,500 341,560 24,500 3,008,450

-65,122,622 -263,246 -42,373,130 1,731,366 546,774 -11,657,290 3,387,491 120,302 -275,000 3,593,269 61,650 28,050 -1,159,180 39,750 95,630 -117,320 24,500 -

INDUSTRIAL ACEN CORP 2.68 2.7 2.73 2.73 2.63 2.69 2,642,000 7,072,380 1,308,550 ALSONS CONS 1.17 1.19 1.22 1.29 1.15 1.19 10,921,000 13,341,810 1,687,230 ALTERNERGY HLDG 0.65 0.67 0.69 0.69 0.65 0.65 953,000 626,570 -65,000 ABOITIZ POWER 45.2 45.3 45.4 45.8 45.1 45.2 2,018,400 91,446,320 880,615 RASLAG 1.08 1.06 1.07 1.08 1.06 1.06 40,000 42,740 2,160 0.104 0.106 0.107 0.108 0.104 0.106 2,780,000 295,580 -41,730 BASIC ENERGY 4.57 4.65 4.86 4.86 4.7 4.7 69,000 329,310 61,200 CITICORE RE 19.38 19.4 20.15 20.75 19.3 19.38 677,000 13,325,979 2,178,417 FIRST GEN 86.8 89.55 90.5 90.5 86.25 89.55 152,530 13,408,743 5,734,639 FIRST PHIL HLDG MERALCO 466.4 446.4 447 463.2 445 447 322,680 144,774,416 12,835,624 MANILA WATER 33.5 33.75 33.95 33.95 33.5 33.5 472,400 15,854,205 -7,945,235 MAYNILAD 16.98 16.64 16.7 16.98 16.58 16.7 1,435,600 24,091,282 -8,861,336 PETRON 2.25 2.24 2.26 2.26 2.23 2.25 658,000 1,476,950 -402,580 4.81 5 4.91 4.85 5 334,000 1,646,100 -83,470 PETROENERGY 5.39 15.6 15.82 15.6 15.8 15.6 15.8 29,300 459,080 PRYCE CORP REPOWER ENERGY 9.46 9.65 9.65 9.61 9.63 2,600 25,025 9.63 SEMIRARA MINING 15.98 16 16.24 16.36 15.94 16 1,489,200 23,983,446 -4,739,610 SYNERGY GRID 21.5 21.55 21.4 21.7 21.25 21.5 1,190,100 25,481,365 -6,343,735 SHELL PILIPINAS 8.2 8.27 8.19 8.31 8.01 8.2 3,595,600 29,568,357 -1,840,860 SPC POWER 9.15 9.35 9.39 9.39 9.15 9.35 7,400 68,078 SP NEW ENERGY 1.16 1.17 1.16 1.18 1.16 1.17 2,776,000 3,240,220 -347,520 1.68 1.69 1.73 1.73 1.68 1.69 694,000 1,182,750 TOP LINE VIVANT 19 18.9 18.9 18.9 18.9 3,300 62,370 -58,590 20.5 2.75 2.77 2.75 2.77 854,000 2,355,890 -2,770 AXELUM 2.78 2.78 0.285 0.3 0.295 0.305 0.28 0.28 350,000 105,250 -69,650 BALAI FRUITAS CNTRL AZUCARERA 9.21 9.75 9.26 9.26 9.21 9.21 3,800 35,003 33.1 33.1 CENTURY FOOD 33 33 32.55 33.1 514,300 16,966,765 -6,387,370 DEL MONTE 3.41 3.43 3.44 3.44 3.42 3.43 24,000 82,340 -68,610 DNL INDUS 3.4 3.41 3.41 3.43 3.4 3.4 829,000 2,825,660 -414,660 15.34 15.5 15.42 15.28 15.5 2,303,400 35,452,094 10,521,912 EMPERADOR 15.52 43.4 43.9 43.4 43.95 43.4 43.4 50,200 2,200,695 -1,933,860 SMC FOODANDBEV 0.65 0.66 0.66 0.67 0.63 0.66 2,841,000 1,819,910 FIGARO GROUP ALLIANCE SELECT 0.405 0.405 0.405 0.405 400,000 164,000 0.43 0.43 FRUITAS HLDG 0.64 0.65 0.64 0.64 0.64 0.64 80,000 51,200 213.6 GINEBRA 213.4 213.4 216 212 213.4 27,370 5,840,108 1,872,898 JOLLIBEE 140.6 140.5 143.6 143.6 140 140.5 835,420 117,419,132 52,501,267 KEEPERS HLDG 1.82 1.84 1.84 1.86 1.82 1.82 1,309,000 2,412,920 186,490 21.2 22.95 21 23 21 22.95 5,000 109,840 -4,465 LIBERTY FLOUR 0.07 0.074 0.07 0.07 0.07 0.07 20,000 1,400 MG HLDG MONDE NISSIN 6.01 6.1 6.18 6.25 6.01 6.01 2,950,700 17,858,366 -6,750,609 5.15 5.48 5.14 5.15 5.14 5.15 2,400 12,337 SHAKEYS PIZZA ROXAS AND CO 3.03 3.09 3.1 3.13 3 3.03 225,000 681,910 -368,970 RFM CORP 5.13 5.13 5.1 5.11 5.08 5.09 519,200 2,652,095 -1,090,068 SWIFT FOODS 0.053 0.054 0.052 0.053 0.052 0.053 1,010,000 52,900 59 59 UNIV ROBINA 58.95 59 58.3 58.95 1,794,560 105,291,382 -4,105,842 0.495 0.51 0.5 0.51 0.5 0.51 39,000 19,650 VITARICH ATN HLDG A 0.385 0.39 0.385 0.385 0.385 0.385 190,000 73,150 ATN HLDG B 0.38 0.4 0.385 0.385 0.385 0.385 200,000 77,000 CONCRETE 52.85 52.6 52.6 58.9 30 1,704 58.9 58.9 CONCREAT HLDG 1.17 1.2 1.2 1.24 1.17 1.2 1,466,000 1,749,780 31,460 1.95 1.95 EEI CORP 1.9 1.95 1.91 1.91 41,000 79,250 -13,580 MEGAWIDE 5.28 5.35 5.38 5.4 5.28 5.35 753,600 4,030,003 -16,837 38.75 SUPERCITY 40 40.5 39.1 58 40.5 28,000 1,232,350 1.86 1.86 1.86 1.88 14,000 26,120 1.88 1.88 CROWN ASIA EUROMED 1.21 1.21 1.2 1.21 60,000 72,780 -9,600 1.26 1.26 10.56 10.8 10.8 10.8 10.84 900 9,724 CONCEPCION 10.84 GREENERGY 0.141 0.145 0.152 0.152 0.139 0.145 2,160,000 304,390 INTEGRATED MICR 6.85 6.86 7.99 8 6.75 6.85 7,890,600 56,420,140 -4,613,604 IONICS 45,280,970 3.7 3.73 4.12 4.35 3.57 3.7 11,646,000 -7,144,720 PANASONIC 7.25 7.05 7.2 7.24 7.2 7.2 1,000 7,209 CIRTEK HLDG 1.52 1.54 1.66 1.73 1.49 1.52 14,117,000 22,605,550 -1,496,000

HOLDING & FRIMS

ABACORE CAPITAL 0.3 0.305 0.32 0.325 0.3 0.305 8,480,000 2,604,550 -778,800 ASIABEST GROUP 62.95 63 63.5 63.7 62.8 63 322,180 20,431,863 -124,518 AYALA CORP 498.8 500 487 502 480 500 270,580 134,015,928 5,507,293 ABOITIZ EQUITY 38 38.05 37.7 38 37.3 38 1,828,500 69,224,340 17,799,435 ALLIANCE GLOBAL 8.9 8.9 8.89 8.85 8.8 8.89 58,900 520,482 -57,860 1.47 1.49 1.49 1.57 1.38 1.47 3,581,000 5,252,470 -88,420 ANGLO PHIL HLDG 7.41 7.46 7.55 7.55 7.4 7.46 502,900 3,769,374 -1,443,938 COSCO CAPITAL 7.55 7.65 7.7 7.71 7.5 7.65 1,802,400 13,718,590 -2,011,875 DMCI HLDG 3.85 3.89 3.85 3.9 3.85 3.85 108,000 416,210 404,650 FILINVEST DEV FJ PRINCE A 2.61 2.65 2.65 2.65 2.65 2.65 68,000 180,200 GT CAPITAL 430 431 427 430 418.8 430 100,400 42,932,492 5,150,596 JG SUMMIT 19 19 18.86 18.96 18.84 19 332,500 6,301,102 -1,099,006 LODESTAR 0.465 0.43 0.455 0.465 0.425 0.43 520,000 229,800 18,200 5.38 5.47 5.37 5.41 5.37 5.38 362,400 1,953,916 260,303 LOPEZ HLDG 15.2 15.28 15.12 15.3 1,536,800 23,442,610 8,316,890 LT GROUP 15.3 15.3 0.134 0.141 0.142 0.142 0.142 0.142 40,000 5,680 MABUHAY HLDG PACIFICA HLDG 0.91 1.15 1.15 1.15 33,000 37,950 1.15 1.15 PRIME MEDIA 1.13 1.13 1.01 1.13 1.01 1.01 7,000 7,190 SOLID GROUP 1.12 1.13 1.11 1.12 1.11 1.12 116,000 129,390 -28,860 SM INVESTMENTS 499.4 500 505 505 495 500 864,620 432,336,552 -241,815,154 SAN MIGUEL CORP 61.5 62.35 61.6 62 60.8 62 230,010 14,209,734 -494,991 2.22 2.38 2.21 2.22 2.21 2.22 5,000 11,060 SEAFRONT RES TOP FRONTIER 51.5 52.95 51.65 51.65 51.5 51.5 1,470 75,828 ZEUS HLDG 0.072 0.077 0.07 0.078 0.07 0.077 250,000 19,290 PROPERTY AYALA LAND 14.92 14.94 15.06 15.1 14.84 14.94 16,811,000 251,380,634 -180,302,134 AYALA LAND LOG 1.12 1.14 1.13 1.15 1.11 1.14 153,000 172,160 12,550 AREIT RT 36.9 37 37.5 37.55 36.6 36.9 2,716,000 100,064,975 4,799,950 A BROWN 0.8 0.83 0.82 0.85 0.8 0.8 93,000 76,610 -1,700 CITYLAND DEVT 0.58 0.59 0.6 0.6 0.58 0.58 62,000 36,670 -4,800 0.089 0.093 0.092 0.093 0.09 0.09 1,610,000 146,190 CROWN EQUITIES CEB LANDMASTERS 1.99 2 1.95 1.99 203,000 403,690 -99,740 2 2 0.59 0.6 0.59 0.61 3,470,000 2,100,420 -4,820 CENTURY PROP 0.61 0.61 2.89 2.9 2.9 2.93 2.88 2.89 2,476,000 7,174,480 -4,611,350 CITICORE RT DOUBLEDRAGON 11.7 11.78 11.76 11.76 11.7 11.7 192,100 2,249,556 -42,336 DDMP RT 1.04 1.04 1.03 1.04 1.03 1.03 3,210,000 3,315,280 -529,420 DM WENCESLAO 4.7 4.83 4.75 4.75 4.7 4.75 86,000 404,700 0.028 EVERWOODS 0.026 0.027 0.028 0.028 0.028 100,000 2,800 0.102 0.104 0.102 0.104 330,000 34,300 0.104 0.104 EMPIRE EAST FILINVEST RT 2.85 2.86 2.87 2.87 2.85 2.86 855,000 2,444,720 -274,570 0.68 0.69 0.68 0.68 264,000 182,060 -11,710 FILINVEST LAND 0.7 0.7 0.59 0.62 0.63 0.63 0.63 0.63 37,000 23,310 GLOBAL ESTATE KEPPEL PROP 2.4 2.49 2.45 2.45 2.45 2.45 10,000 24,500 2.14 MEGAWORLD 2.11 2.13 2.13 2.11 2.11 1,308,000 2,775,640 805,230 0.68 0.68 MRC ALLIED 0.66 0.68 0.67 0.68 64,737,000 43,783,190 5,360 MREIT RT 13.66 13.76 13.6 13.78 13.58 13.76 319,400 4,371,124 1,175,364 0.102 0.103 0.102 0.102 0.102 0.102 2,000,000 204,000 OMICO CORP PRMIERE HORIZON 0.164 0.165 0.169 0.169 0.165 0.165 790,000 131,860 -3,340 0.4 0.42 0.41 0.41 0.4 0.4 520,000 208,500 PHIL ESTATES PREMIERE RT 1 1.01 1.01 1.02 1.01 1.01 197,000 199,000 -3,060 PRIMEX CORP 0.95 1 1.05 1.05 1 1 2,000 2,050 RL COMM RT 6.55 6.58 6.74 6.79 6.44 6.55 12,848,100 83,998,574 -17,157,123 ROBINSONS LAND 16.64 16.82 16.7 16.74 16.64 16.7 6,854,300 114,303,288 -17,539,640 ROCKWELL 2.72 2.62 2.75 2.75 2.55 2.73 173,000 453,680 -2,750 2.99 3.02 2.98 3.03 3,951,000 11,815,680 21,130 SHANG PROP 3.03 3.03 1.75 1.88 1.9 1.9 1.8 1.89 12,000 22,270 -1,900 STA LUCIA LAND 15.98 16 16.28 16.28 15.98 16 8,107,900 129,886,212 -46,745,724 SM PRIME HLDG 0.3 0.34 0.3 0.3 0.3 0.3 10,000 3,000 WELLEX INDUS SERVICES ABS CBN 2.6 2.62 2.58 2.62 2.58 2.6 255,000 664,170 GMA NETWORK 3.62 3.66 3.71 3.71 3.6 3.62 828,000 2,986,430 DITO CME HLDG 0.6 0.61 0.61 0.62 0.6 0.61 10,140,000 6,129,680 497,870 GLOBE TELECOM 1,532 1,538 1,590 1,590 1,526 1,532 88,950 136,971,810 -17,790,500 PLDT 1,131 1,115 1,117 1,120 1,113 1,115 79,370 88,642,185 -33,650,110 0.0058 0.0059 0.006 0.006 0.006 0.006 5,000,000 30,000 APOLLO GLOBAL CONVERGE 9.09 9.1 9.12 9.03 9.09 1,937,700 17,592,126 -33,616 9.14 0.62 0.66 0.64 0.64 0.62 0.62 75,000 47,070 14,610 DFNN INC 0.83 0.9 0.83 0.83 0.83 3,000 2,490 IMPERIAL 0.83 ISLAND INFO 0.125 0.128 0.139 0.139 0.125 0.125 8,710,000 1,120,940 NOW CORP 0.385 0.39 0.39 0.39 0.37 0.385 1,240,000 465,950 25,850 TRANSPACIFIC BR 0.113 0.119 0.125 0.125 0.113 0.119 3,860,000 444,870 0.88 0.88 CHELSEA 0.85 0.85 0.85 0.85 194,000 168,080 20.8 20.95 21.6 21.9 20.75 20.8 473,400 10,027,550 -6,102,580 CEBU AIR 885 894 895 912 885 885 849,620 760,927,120 -44,468,220 INTL CONTAINER 7.5 8.07 7.97 8.09 7.97 8.06 2,300 18,530 LBC EXPRESS LORENZO SHIPPNG 0.64 0.69 0.64 0.64 0.64 0.64 3,000 1,920 MACROASIA 3.54 3.54 3.53 3.52 3.51 3.53 100,000 352,140 116,070 METRO ALLIANCE 0.55 0.6 0.61 0.68 0.6 0.6 81,000 49,870 PAL HLDG 3.39 3.52 3.59 3.59 3.3 3.52 2,367,000 8,269,500 4,763,010 HARBOR STAR 1.52 1.53 1.62 1.62 1.49 1.53 2,555,000 3,900,740 356,770 1.47 1.45 1.45 1.54 1,865,000 2,870,210 ACESITE HOTEL 1.54 1.54 BOULEVARD HLDG 0.029 0.03 0.03 0.031 0.029 0.03 3,800,000 114,400 GRAND PLAZA 5.02 5.03 5.03 5.03 200 1,006 5.03 5.03 PH RESORTS GRP 0.191 0.192 0.192 0.194 0.175 0.191 13,560,000 2,512,420 666,730 WATERFRONT 0.425 0.425 0.45 0.425 0.42 0.425 170,000 71,750 CENTRO ESCOLAR 14.54 15.04 15 15.06 14.52 14.56 5,700 83,406 -10,500 FAR EASTERN U 800 810 802 802 800 800 620 496,240 IPEOPLE 6.74 6.92 6.92 6.92 6.92 6.92 200 1,384 1.28 1.3 1.28 1.28 23,000 29,660 14,100 1.3 1.3 STI HLDG 1.09 1.1 1.09 1.09 301,000 328,600 95,920 BELLE CORP 1.1 1.1 1.95 1.92 1.95 1.91 1.95 5,586,000 10,811,310 4,141,110 BLOOMBERRY 1.96 1.55 1.6 1.55 1.55 3,000 4,750 PACIFIC ONLINE 1.6 1.6 DIGIPLUS 8.38 8.31 8.38 8.45 8.25 8.38 1,207,900 10,024,963 -207,469 PHILWEB 14.38 14 14.02 14.2 14.02 14.02 3,559,200 50,339,492 -383,676 BERJAYA 8.89 8.33 8.33 8.33 8.33 8.33 1,400 11,662 1.07 1.07 METRO RETAIL 1.06 1.07 1.07 1.07 3,000 3,210 40 40 39.65 40 1,641,900 65,658,670 7,765,040 40.05 40.05 PUREGOLD 30.2 30.75 30.7 30.75 30.5 30.75 36,900 1,128,655 311,860 PHIL SEVEN CORP 2.02 2.05 2.05 2.05 2.05 2.05 50,000 102,500 102,500 SSI GROUP 0.77 0.79 0.8 0.8 0.77 0.8 30,000 23,430 -20 UPSON INTL CORP WILCON DEPOT 5.6 5.62 5.6 5.65 5.59 5.6 857,900 4,806,144 2,759,198 APC GROUP 0.105 0.105 0.102 0.103 0.103 0.105 60,000 6,200 0.233 MEDILINES 0.22 0.211 0.221 0.211 0.22 150,000 32,920 3.17 PAXYS 3.1 3.4 3.17 3.17 3.17 59,000 187,030 1.63 1.63 1.63 1.63 1.63 35,000 57,050 1.65 PHILCOMSAT SBS PHIL CORP 3.08 3.1 3.19 3.19 3.08 3.08 5,000 15,620 MINING & OIL APEX MINING 17.62 17.64 18 18 17.42 17.64 3,632,700 64,029,652 -1,537,368 ATLAS MINING 19.96 19.98 20.9 20.9 19.72 19.98 3,643,700 73,573,732 -78,989 BENGUET 7.5 7.4 7.4 7.4 7.3 7.4 178,900 1,314,180 547,500 DIZON MINES 4.3 4.8 4.3 4.3 4.3 4.3 1,000 4,300 0.295 0.335 0.335 0.335 10,000 3,350 0.335 0.335 EC VULCAN FERRONICKEL 1.96 2.03 2.1 2.1 1.9 2.03 1,978,000 3,907,250 128,870 0.081 0.082 0.088 0.076 0.081 6,690,000 544,590 -40 GEOGRACE 0.089 0.229 0.23 0.238 0.238 0.226 0.23 33,520,000 7,717,200 LEPANTO A LEPANTO B 0.227 0.241 0.233 0.247 0.226 0.245 680,000 156,800 MANILA MINING A 0.0084 0.0087 0.0088 0.0088 0.0085 0.0085 112,000,000 970,800 0.79 MARCVENTURES 0.77 0.78 0.79 0.77 0.77 661,000 510,010 0.59 NIHAO 0.54 0.55 0.57 0.54 0.54 26,000 14,660 3.97 3.99 4.19 4.19 3.95 3.97 5,428,000 21,814,400 -5,560,820 NICKEL ASIA 35.6 35.75 36 35.05 35.7 450,900 15,990,320 6,059,470 OCEANAGOLD 35.65 0.57 0.58 0.56 0.6 486,000 276,520 56,000 ORNTL PENINSULA 0.6 0.6 12 12.08 12.66 12.66 11.92 12 8,940,600 108,338,608 10,874,034 PX MINING ENEX ENERGY 3.6 3.7 3.81 3.81 3.65 3.65 14,000 52,750 ORNTL PETROL A 0.016 0.017 0.017 0.017 0.016 0.016 68,600,000 1,109,300 ORNTL PETROL B 0.016 0.017 0.017 0.017 0.016 0.016 27,100,000 449,100 0.0099 PHILODRILL 0.0099 0.01 0.011 0.011 0.01 188,000,000 1,893,740 171,880 3 3.08 3.25 3.27 2.95 3 1,136,000 3,455,820 -141,760 PXP ENERGY PREFFERED ACEN PREF B 1,030 1,038 1,030 1,030 1,030 1,030 40 41,200 AC PREF B3R 1,900 1,914 1,866 1,900 1,866 1,900 190 358,960 -95,000 AC PREF B4R 1,900 1,916 1,919 1,919 1,900 1,900 135 256,930 9,590 ALCO PREF D 485.2 497 485.2 488 485.2 488 120 58,504 BRN PREF C 100.1 102 101.1 101.1 101 101.1 2,220 224,406 72,792 23.5 24 23.05 24.45 23.05 23.5 221,400 5,117,600 CEB PREF CLI PREF A1 970 990 985 985 985 985 10 9,850 DD PREF 95.35 95.35 94.65 95.35 28,240 2,687,222 4,760 95.4 95.4 95.2 96 94 96 94 96 20 1,900 EEI PREF B GLO PREF ANV 1,930 1,949 1,949 1,949 1,949 1,949 15 29,235 GLO PREF BNV 1,921 1,979 1,980 1,980 1,980 1,980 15 29,700 GTCAP PREF B 999.5 1,000 999.5 1,000 999.5 999.5 400 399,850 JFC PREF B 990.5 1,005 990 990.5 990 990.5 400 396,175 49,500 99 100 100 100 100 100 3,240 324,000 -324,000 MWIDE PREF 6B 975 994 994 994 994 994 10 9,940 PCOR PREF 4A PCOR PREF 4B 960.5 1,000 937 1,000 937 1,000 205 198,700 46,850 988 992 988 988 988 988 710 701,480 -49,400 PCOR PREF 4D PCOR PREF 4E 985 987 985 987 985 987 390 384,910 SMC PREF 2N 77.05 78.5 78.5 78.5 78.5 78.5 20 1,570 SMC PREF 2O 77.6 78.8 78.8 78.8 78.8 78.8 380 29,944 SMC PREF 2P 74.3 74.6 72.15 74.6 72.15 74.6 60 4,452 722 72.25 75 73 73 73 73 10 730 730 SMC PREF 2Q 74 74.8 74 74 74 74 10 740 SMC PREF 2S SMC PREF 2V 75.5 76 75.25 78.3 75.25 76 11,390 875,609 -780 78.5 79 79 79 79 79 6,470 511,130 SMC PREF 2W SMC PREF 2X 78.3 79 79 79 78.05 78.3 17,170 1,350,994 11,850 TOP PREF A1 99.65 99.85 99.85 99.85 99.6 99.85 1,240 123,634 -85,691 TOP PREF A2 101.5 102.4 102.5 102.5 102 102 110 11,225 -

PHIL. DEPOSITARY RECEIPTS ABS HLDG PDR GMA HLDG PDR

2.38 2.46 2.46 2.46 2.46 2.46 7,000 17,220 3.21 3.96 3.99 3.99 3.99 3.99 1,000 3,990

ALFM GLOBAL MULTI-ASSET INCOME FUND, INC. -A $0.7939 -3.37% 1% -4.32% N.A -1.99% WARRANTS AGI WARRANT 1.05 A - NAVPS AS OF THE PREVIOUS BANKING DAY. B - NAVPS AS OF TWO BANKING DAYS AGO. C - LISTED IN THE PSE. SM A L L, M ED I U M & EM E R G IN G 1 - EFFECTIVE OCTOBER 1, 2025, ITS FUND MANAGEMENT IS WITH BPI WEALTH. 2 - LAUNCH DATE IS FEBRUARY CTS GLOBAL 0.33 2, 2026. HAUS TALK 1.34 3 - LAUNCH DATE IS DECEMBER 18, 2024. MEMBERSHIP WITH PIFA WAS OFFICIALLY APPROVED ON SEPTEMBER 12, 2025. ITALPINAS 0.57 4 - MEMBERSHIP WITH PIFA WAS OFFICIALLY APPROVED ON MARCH 26, 2026. KEPWEALTH 1.38 LFM PROP 0.025 5 - LAUNCH DATE IS APRIL 17, 2026, AND IT REPRESENTS THE SECOND TRANCHE OF THE ATRAM UNITIZED CORPORATE 1.86 MAKATI FINANCE DEBT VEHICLE, INC. XURPAS 0.214 2.54 NEXGEN ENERGY “While we endeavor to keep the information accurate, the Philippine Investment Funds Association (PIFA) and its members make no

warranties as to the correctness of the newspaper’s publication and assume no liability or responsibility for any error or omissions. You may visit http://www.

September 24, 2026

1.09

1.1

1.06

3,000

3,220

-1,060

0.335 1.38 0.59 1.52 2.04 0.219 2.66

0.33 1.34 0.59 1.38 0.02 2.08 0.222 2.74

0.335 1.42 0.59 1.38 0.025 2.08 0.222 2.75

0.33 1.34 0.59 1.38 0.02 1.86 0.206 2.66

0.335 1.39 0.59 1.38 0.025 1.86 0.22 2.66

10,040,000 190,000 12,000 6,000 12,300,000 11,000 2,220,000 11,000

3,313,350 259,670 7,080 8,280 302,600 21,100 487,440 30,050

10,050 2,070 -

EXHANGE TRADE FUNDS ATR FAMI ETF

98.05

98.1

98.5 98.85 98.1 98.1 18,800 1,847,601 -

www.businessmirror.com.ph

Banking&Finance BusinessMirror

Govt to wield Pag-IBIG Fund financing vs condo units glut By Justine Xyrah Garcia

HE government is preparing a new housing program modality that will allow private developers to sell existing condominium inventory priced at P3 million and below through Pag-IBIG Fund financing, as it seeks to address the glut in Metro Manila. According to the Department of Human Settlements and Urban Development (DHSUD), the planned modality under the expanded “Pambansang Pabahay para sa Pilipino” (4PH) program will cover prime-located condominium units and give homebuyers access to lower-priced units. DHSUD Secretary Jose Ramon P. Aliling said the initiative is intended to help developers dispose of their current inventory while expanding housing options for buyers. The move comes as developers continue to face elevated condominium inventory in Metro Manila. Data from consultancy firm Colliers Philippines showed that as of the second quarter of the year units that remained unsold has hit about 80,000, including 32,600 units that were already ready for occupancy. Developers have consequently been focusing on selling existing units rather than launching new projects. Only 1,200 condominium units were launched in the second quarter, bringing first-half launches to 2,600 units, down 64 percent from a year earlier. Net take-up also fell 60 percent quarter-on-quarter to 500 units in

the second quarter, its lowest level in five quarters. “With this new modality through Pag-IBIG Fund, we will enable private developers to sell more units, thus addressing inventory issues, while offering wider options for our homebuyers and access to bestlocated housing units at a lower price with low interest rates,” Aliling said. The housing agency and Pag-IBIG Fund are expected to announce the guidelines for the new modality, which will also allow private developers to use the program to help meet their compliance with the balanced housing requirement. According to DHSUD, the proposal was discussed during earlier this week’s meeting of the Private Sector Advisory Council (PSAC) Infrastructure Sector Group-Real Estate, which was attended by President Ferdinand R. Marcos Jr. and officials from the government and major property developers. The meeting included representatives from Aboitiz Group, Ayala Land Inc., Robinsons Land Corp., and SM Prime Holdings Inc. According to the DHSUD, the new program has drawn interest from major property developers. “Top developers expressed their willingness to reduce selling prices so they can avail of the new program, aimed at providing Filipino working class more access to best-located condominium projects at a lower price and further boost the ongoing nationwide rollout of the ‘Expanded 4PH’ [program],” it added.

Collaboration across borders: Stop looking for like-minded people

ERE’S a thought that may make some association leaders uncomfortable: What if the people we most need to collaborate with are precisely those who don’t think like us? We often talk about collaboration as if its greatest virtue were consensus, i.e., bringing like-minded people together to work towards common goals. Our recent conversation with Dr. Gillian Whalley on the Philippine Council of Associations and Association Executives (PCAAE) podcast “Association Matters” challenged that comfortable assumption. For Gillian, professor of Clinical Sonography and Cardiology at the University of Otago in New Zealand, the real magic of collaboration happens when different perspectives collide. Sometimes there is friction. And that, she says, is precisely where the really great ideas can emerge. Gillian has experienced this firsthand through her work in research and on professional boards in Australasia and internationally. Different people bring different experiences, cultures and ways of seeing a problem. The challenge is not to eliminate those differences, but to learn from them. For association leaders, this is particularly relevant today. Our members are changing. Their expectations are changing. The competitive environment is changing. And what worked yesterday cannot automatically be assumed to work tomorrow. Gillian’s scientific background offers an important lesson: be guided by evidence and be willing to change your mind when the evidence tells you to. That same openness applies to international collaboration. Gillian cautions against assuming that approaches developed in Western or Eurocentric environments can simply be transplanted elsewhere. Her experience in New Zealand has taught her much from indigenous culture about respect, inclusivity and different values. This leads to a fundamental principle for associations: global collaboration should not be about exporting answers. It should be about listening, learning and co-creating solutions.

Association World Octavio Peralta Gillian cited her work with the Australasian Society for Ultrasound in Medicine, the World Federation for Ultrasound in Medicine and Biology, and the American Society of Echocardiography. Through these relationships, associations share educational resources, training, guidelines and professional expertise with organizations in countries with fewer resources. But the most important part is how they do it. They do not simply assume they know what local communities need. They ask. That is a powerful lesson for any association contemplating international partnerships: listen first, contribute second. There is another message from Gillian that should make association leaders sit up: loyalty alone is no longer enough to retain members. She belongs to five professional associations herself and admits that she periodically questions whether the value she receives justifies the cost. For younger generations, the question is even more direct: What’s in it for me? Associations must demonstrate value, express meaningful values and show that they are actively contributing to solving problems, not simply maintaining traditions. Perhaps, then, the future belongs not to associations that build the biggest networks, but to those that build the most diverse and meaningful relationships. Because when we collaborate across borders, we do more than expand our networks. We expand our thinking. Octavio Peralta is founder and volunteer CEO of the Philippine Council of Associations and Association Executives (PCAAE), the “association of associations.” The PCAAE will hold its 14th Annual Associations Summit (AS14) on November 24, 2026 at the Asian Institute of Management. The views he expressed herein do not necessarily reflect those of the BusinessMirror. E mail: bobby@pcaae.org.

Editor: Dennis D. Estopace • Friday, September 25, 2026

Budget deficit swells by 90% as economic engines sputter

By Reine Juvierre Alberto

@reine_alberto

HE national government’s budget deficit swelled by 90 percent in August from a year ago as slower economic activity weakened revenue collections while spending climbed.

The Bureau of the Treasury reported last Thursday that the shortfall between revenues collected and the amount spent by the government widened to P161.3 billion in August from P84.8 billion in the same month last year. The gap comes after revenues waned by 1.85 percent to P346 billion from P352.5 billion, as non-tax collections dropped and tax revenue growth slowed. Non-tax revenues fell by 35.59 percent year-on-year to P13.7 billion from P21.3 billion due to lower Treasury income and collections from other offices. Collections of the Bureau of Internal Revenue (BIR), the main taxcollecting agency, inched down by 0.70 percent to P248.4 billion from P250.1 billion a year earlier due to higher tax refunds paid during the month. Revenue take of the Bureau of Customs (BOC), meanwhile, grew by 4.15 percent year-on-year to P80.7

billion from P77.4 billion. John Paolo R. Rivera, senior research fellow at the Philippine Institute for Development Studies, told the BusinessMirror that weaker revenue collection “may reflect subdued economic activity, which affects income and consumption-related tax collections, alongside possible timing differences in tax and nontax receipts.” On the spending side, expenditures rose by 16 percent to P507.3 billion from last year’s spending of P437.3 billion. The Treasury attributed the increase partly to the P58.6-billion budgetary support to the Philippine Health Insurance Corp. for the health insurance premiums of those enrolled under the National Health Insurance Program. Higher national tax allotment shares for local government units also contributed to the increase in August disbursements. Interest payments, likewise, in-

creased by 3.98 percent to P65.6 billion from P63.1 billion. Jonathan A. Ravelas, senior adviser at Reyes Tacandong & Co., told the BusinessMirror that the higher spending suggests that the government remains focused on supporting growth through public spending. “While this has resulted in a wider fiscal deficit, the more important issue is whether the spending translates into stronger economic activity, job creation, and improved revenue generation over the medium term,” Ravelas added. “Fiscal discipline remains important, but growth-enhancing expenditures can ultimately strengthen the government’s fiscal position if executed effectively.”

Budget hole

FROM January to August this year, the budget hole expanded by 21.30 percent to P1.054 trillion from P869.2 billion in last year’s comparable period. Revenues reached P3.216 trillion during the eight-month period, up 4.27 percent from P3.085 trillion a year earlier. The BIR amassed P2.238 trillion, up by 4.60 percent year-on-year, while the BOC’s cumulative collection rose by 6.87 percent to P664.1 billion. Non-tax collections, however, declined by 2.83 percent to P289.8 billion from P298.3 billion due to a high base from one-off remittances in 2025. Government spending totaled

P4.270 trillion as of end-August, 8.01 percent higher than the P3.954 trillion recorded in the same period last year. Interest payments accounted for P686.5 billion of the total, up 17.52 percent from P584.1 billion a year earlier.

Additional pressure

TO bridge the fiscal gap, the government also borrows to raise funds. However, higher domestic yields will further raise the government’s debt-servicing costs as it undertakes new borrowings and refinances maturing obligations, Rivera explained. “This will place additional pressure on future budgets, leaving less fiscal space for infrastructure, education, healthcare, and other development priorities,” he added. “With expenditures growing faster than revenues, priority is to strengthen revenue administration and ensure that public spending translates into productive economic activity, which can support a more sustainable revenue base,” Rivera said. The government has set a target budget deficit of P1.658 trillion this year, equivalent to 5.4 percent of gross domestic product. The revenue collection goal is P4.806 trillion, while disbursements are pegged at P6.465 trillion. Last year, the government ran a budget deficit of P1.576 trillion, wider by 4.67 percent from P1.506 trillion a year ago.

BIR to cut doc processing time via tracking system

HE Bureau of Internal Revenue (BIR) is piloting a “document tracking and management system,” or “DTMS,” to digitally track the status, location and chain of custody of official documents within the agency. The system is being tested to streamline document-related processes and reduce time spent on receiving, tracking, managing and storing documents, according to Revenue Memorandum Order 21-2026. According to the BIR, authorized users can receive, track, manage and store documents in the online facility, allowing them to monitor the re-

al-time status of documents. Tracking is done via a system-generated “document control number,” which shall be used as the serial number of the document. The system also incorporates access controls and data privacy safeguards, with access limited to authorized users and document handling, subject to the BIR’s “Data Privacy Manual.” During the pilot implementation, the system will cover memoranda and letters, requests for tax case verification and/or information, active tax case dockets, requests for tax case retrieval, and confidential

information. The DTMS will be rolled out to key BIR units Resource Management Group, Administrative Service, Records Management Division and the General Services Division–Communication Operations, Reproduction and Miscellaneous Services Section. Users of the DTMS could also generate reports based on status, received date, type of documents, office responsible and/or release date. The digital system does not yet replace physical document transmission, as both will continue during the pilot, the memo noted. By centrally tracking document

status, location, and custody, the DTMS is designed to lower the risk of misplaced records, enhance office coordination and strengthen accountability in document handling, the BIR said. “Strengthening our internal processes is also part of improving taxpayer service. When our systems are more organized, traceable, and efficient, our people can act more promptly and effectively,” Mendoza said. “In the end, stronger internal processes should translate into faster and more responsive service for our taxpayers,” he added. Reine Juvierre S. Alberto

PHL digital finance ecosystem a growth node for firm By Rizal Raoul S. Reyes @brownindio

N Austin, Texas-headquartered company sees significant opportunities in the Philippine digital finance market as the firm seeks to expand its business in Southeast Asia. According to Troy Nyi Nyi, senior vice president and general manager for Asia Pacific at SEON Technologies Ltd., the rapid growth of digital transactions, alongside increasingly sophisticated fraud threats, in the country is a key growth driver for the company, which operates the eponymous Seon fraud-prevention platform. Nyi Nyi told the BusinessMirror in an email interview that the company has tapped local ITsolutions provider Exist Software Labs Inc. (ESLI) to help integrate its fraud prevention and anti-money laundering (AML) capabilities into clients’ existing technology environments. Nyi Nyi said ESLI’s integration expertise allows real-time fraud and AML controls to be embedded into core systems rather than operating alongside them. ESLI, he added, can bring these capabilities into the technology environments that clients already use. “Seon [the platform] becomes

part of a broader technology stack rather than arriving as a separate deployment project,” Nyi Nyi explained. “Our starting point was whether a partner could put Seon [the platform] into environments that are already complex and already running. [ESLI] met that bar, with more than two decades in software engineering and systems integration and a track record with banking, fintech and payments organisations across the region,” he added. Nyi Nyi said company executives believe their partnership with ESLI “extends our reach to more organizations as they strengthen their defenses against evolving financial crime.” The growing role of online platforms in everyday commerce has been underscored by a central bank report that digital payments accounted for 64.7 percent of total retail transaction volume in 2025, up from 57.4 percent in 2024. “Organizations across banking, fintech, payments, e-commerce and iGaming are dealing with more sophisticated identity fraud, transaction abuse and financial crime, while needing to keep digital experiences fast and convenient for legitimate customers,” Nyi Nyi said. “That creates a growing need for fraud prevention that operates in

real time without adding unnecessary friction,” he added.

Complementary

ACCORDING to Nyi Nyi, the partnership also brings together what the company describes as “complementary capabilities.” He explained that Seon Technologies provides fraud and financialcrime intelligence covering fraud detection and risk scoring, customer and payment screening, AML transaction monitoring, identity verification, case management and reporting. ESLI, meanwhile, provides the integration expertise needed to connect these capabilities with the systems that clients already use. Nyi Nyi said fraudsters rarely operate through a single channel, making it important for organizations to connect signals across identity, devices, behavior and transactions to obtain a more complete picture of risk. While most organizations already have fraud and compliance tools in place, he said many of these systems were not designed to work together, leaving risk information fragmented across different parts of the business. “We do not want clients to feel that fixing that means starting from scratch,” he said. “Seon [the platform[ operates as an AI command center

for fraud prevention and AML compliance rather than a point solution bolted onto one stage of the journey.”

Afasa

NYI Nyi also pointed to the AntiFinancial Account Scamming Act (Afasa) as another stimulant for the digital finance market. According to him, the law raised expectations for safeguards to be embedded across the full digital customer journey rather than applied as bolt-on checks after onboarding. According to Nyi Nyi, risks need to be assessed continuously, beginning even before know-your-customer (KYC) procedures and extending through login, checkout and payouts, with decisions that remain explainable and auditable for regulators and supervisors. Requirements also vary from one market to another, Nyi Nyi said. Regulations like the Afasa prompt organizations to adopt governance that can adjust to local regulatory lists and frameworks while maintaining consistency across borders. For Seon Technologies, the opportunity lies in bringing together more risk signals so fraud teams can make decisions in real time when a customer is onboarding or a payment is being processed, rather than reviewing transactions only after the fact.

Relationships

Friday, September 25, 2026 • Editor: Gerard S. Ramos

BusinessMirror

businessmirror.lifestyle@gmail.com • www.businessmirror.com.ph

Career muna, kasal later: the new Filipino timeline PHOTO BY WEDDING DREAMZ ON UNSPLASH

TODAY’S HOROSCOPE By Eugenia Last

CELEBRITIES BORN ON THIS DAY: Catherine Zeta-Jones, 57; Will Smith, 58; Heather Locklear, 65; Michael Douglas, 82. HAPPY BIRTHDAY: Live, learn and let go. Holding on to objects, people and lifestyles that no longer benefit you will hold you back. Broaden your scope, and consider what makes you feel content and happy about who you are and what you do. Don’t limit your chance to advance by waffling back and forth and accomplishing nothing. Seize the moment, choose a path and focus on what’s in front of you. Your numbers are 2, 17, 21, 28, 34, 36, 40.

ARIES (March 21-April 19): Taking a direct approach to whatever you desire is necessary if you want to finish what you start. Having too much information will lead to interference from those less likely to take a risk. The best way to open a window of opportunity is to allow your results to be your calling card. Networking events will encourage excellent insight and connections. ★★★

TAURUS (April 20-May 20): Be aware of what’s unfolding around you. Prepare to move out of the way if risk comes into play. Too much of anything will cause problems. Avoid overspending or promising the impossible. Nurture meaningful relationships, and back away from aggressive or negative people. Micromanage every move to ensure you are following the rules and regulations. ★★★★

NE of the most talked-about weddings this year was that of actor Bea Alonzo and Puregold scion Vincent Co. Even I, who doesn’t really follow local entertainment goings-on and intrigues, got belatedly caught up in the seeming “will they” or “won’t they [get married]” quandary of the relationship gripping showbiz fans. To wit, there were apparent relationship troubles earlier on, some of which had been attributed to other people close to the two main characters, then a supposed wedding in Spain finally set in May, thereafter an announcement of the wedding’s cancelation just days before the wedding date. When almost everyone had believed that Bea and Vincent’s relationship was ultimately over, and the public re-engaged with the more pressing issue in the land—the Impeachment of Vice President Sara Duterte—news broke out in July that the couple had gotten married in a civil ceremony presided by our favorite Makati Mayor Nancy Binay. Unsurprisingly, controversy still hounded the now-married couple, which eventually culminated in the resignation of Bea’s long-time manager. A new manager for the actor was immediately announced, someone close to Vincent’s supermarket empire. After that mala-teleserye season of intrigue, hopefully, Bea and Vincent can now live in peace and

GEMINI (May 21-June 20): Gravitate toward what and who interests you. A change will help you understand the logistics behind getting what you want. Take responsibility for yourself, your responses and connecting with the people who can help you reach your destination. Refuse to let your ego or emotional attachments stand between you and your goal. Avoid physical or emotional risks. ★★

make rich, beautiful babies! For sure, Bea and Vincent’s marriage is one of distinction, not because of who they are, but for the important step they had taken in the evolution of their partnership. Because according to the Philippine Statistics Authority (PSA), fewer Filipinos are getting married these days. Its latest data showed that in the first two months of 2025, only 51,030 marriages were registered, down by a dramatic 53 percent from the same period in 2024. Even then, on an annual basis, there were 371,825 registered marriages in 2024, 10.23 percent less than in 2023. And prior to that, registered marriages were down by 7.84 percent to 414,213 in

AYALA MALLS SET TO WELCOME ITS MOST ANTICIPATED WAVE OF DEBUTS YET ACROSS Greenbelt, Glorietta, and One Ayala, a new season of considered discovery will soon bring the world’s most talkedabout brands closer to home via Ayala Malls. Spanning fashion, fragrance and dining, these highly anticipated arrivals bring together some of the world’s most exciting names, each chosen for its relevance, distinct point of view, and ability to connect with the evolving preferences of Filipino consumers. “The global debuts across our malls add new and exciting dimensions to the experiences we offer at Greenbelt, Glorietta and One Ayala,” says Mae Dichupa, Ayala Malls’ portfolio head for Makati and BGC. “More than introducing new names, we’re bringing in brands that people have been curious about, talking about, and looking forward to experiencing. It’s a thoughtful approach to discovery that keeps our destinations dynamic, relevant and engaging.” Across Glorietta and Greenbelt, a discerning roster of global brands is set to bring new energy to the fashion and lifestyle landscape. Headlining the arrivals is South Korea’s Musinsa Standard, which will open its first Southeast Asian store. It will be joined by a lineup with equal weight: performance sportswear ON, workwear icon Carhartt, and Seoul-based lifestyle and fashion brand EMIS. Each has built a devoted following in its home market, making their arrival a notable addition to the malls’ expanding collection of international names, and signals their growing pull as regional retail destinations. Meanwhile, the sense of wonder is set to deepen at Ayala

Malls, which is shaping up as a dedicated sanctuary for niche perfumery with fragrances people once had to travel for: Byredo, Penhaligon’s, Creed, Kilian, Acqua di Parma, Matiere Premiere—all of which now share a single address at Greenbelt. Seoul’s Born to Stand Out, on the other hand, brings its provocative edge to Glorietta. It turns perfume shopping into a sensory ritual: the slow, deliberate search for a signature scent that feels entirely one’s own. The culinary lineup will also tell its own story of craft and connection. At its core is The Pig & Palm, the acclaimed Cebu-based restaurant by Michelin-starred chef Jason Atherton, alongside Sobamae Yamato’s hand-crafted Japanese soba. Joining them is Bread Ahead, London’s iconic Borough Market bakery, bringing its renowned signature sourdough breads and artisanal doughnuts to Makati. Completed by Spain’s smooy and its guilt-free frozen yogurt and ice cream, the collection turns a casual bite into a deliberate, memorable pause. And when the afternoon calls for a slower pace, specialty coffee spots like Ten Thousand Coffee (a favorite from Sydney to New York) and Seoul’s sleek Super Matcha invite guests to linger. Joined by an expanding roster of specialty cafés, they prove that even an ordinary coffee break can turn into an intentional moment of joy. For Ayala Malls, this is what considered discovery looks like in practice—not simply adding more, but adding meaning: brands people have sought out, talked about, and waited for, brought together in destinations that already feel like home.

2023 vis-a-vis in 2022. The development is even more glaring over a 10-year period: registered marriages dropped by a sizeable 13.5 percent from 429,723 in 2014. Why is this so? I can probably hazard a guess or two. Many young Filipino adults are putting off marriage as they invest more in their careers. Consider our earlier mentioned couple: Bea is 38 and Vincent is 46. This is both their first marriage. Their formal coupling is a reflection of the latermarriage trend. Data from the PSA indicated that the average age women married in 2024 was 27 years old, while men were in their 30s. In comparison, the average age of brides in the 1980s was 23-24 years old, while for grooms it was 26-27. The kids have it easier these days. There are less societal pressures for them to get hitched. When I was in my early 20s—a million years ago—the question I would get asked most by nosey relatives is, “When are you getting married?” But by the time I turned 30, older new acquaintances, upon finding out I was still single, would then comment, “Good for you! Focus on your career first!” Basically, “Go do you” was their message. These days, parents aren’t even that pushy and eager to get their children hitched, even if the latter are already in the so-called marrying age. I listen to the conversation of my friends and family members, and most of them are interested in the single younger person’s career. “What’s your daughter doing these days?” Or, “Where is your son working?” Besides, life is generally difficult, so, frankly, how can anyone take care and be responsible for another person, or for each other? So parents would rather their kids push their careers more so they can earn enough to buy a car, a house, then get married. This is especially true for daughters. Society no longer expects women to go the traditional route of graduating from college, working some, then getting married and raising a family. Many parents realize they didn’t spend so much money to send their daughters to college just for them to look for a husband.

CANCER (June 21-July 22): Take more time for people and pastimes you feel passionate about. Be honest with yourself and those you deal with regarding what you are able and willing to do to make your relationship and lifestyle more accommodating. Set boundaries regarding shared expenses or joint ventures. Don’t offer false hope or an inaccurate version of what you can contribute. ★★★★★

LEO (July 23-Aug. 22): Set a schedule that allows you to learn something new or upgrade your skills. Broadening your awareness and focusing on qualifications that ensure a better position will lift your spirits. Domestic problems will grow if you aren’t willing to meet in the middle. Getting along with those you live with or near will make your life easier. ★★★

VIRGO (Aug. 23-Sept. 22): Reach out and do something nice for someone, and the returns will far exceed your expectations. How you make others feel about themselves and their contributions will make you look good and put you in a leadership position. Take time for self-improvement and spending time with someone special. Share your feelings and intentions. ★★★

LIBRA (Sept. 23-Oct. 22): If you let your mind wander and your imagination take over, you’ll discover something about yourself that will help you be more decisive. Having an innovative outlook will help you try something new and explore what piques your interest. Change will be a learning experience you don’t want to miss. Embrace the future with enthusiasm and a willingness to learn. ★★★

SCORPIO (Oct. 23-Nov. 21): Test your physical skills. Participate in events that offer a competitive edge. Your ability to rise and shine when challenged will help you go the extra mile. Learn from experience, and you’ll know what and when to let go of certain situations. Trust your instincts, not what others do or say. Romance is favored. ★★★★★

SAGITTARIUS (Nov. 22-Dec. 21): Sort through emotional differences so you can get on with your life. Whether it’s you alone having the problem or it’s with someone you spend time with, small steps will not suffice. Speak up and implement positive change, and the relief you feel will encourage you to put the past behind you and enjoy what lies ahead. Choose peace over chaos. ★★

CAPRICORN (Dec. 22-Jan. 19): Look for alternatives when faced with opposition. Arguing is misleading and a waste of valuable time. Do something physical, and what you accomplish will shadow any negativity you receive from outside influences. Position yourself for success by choosing a direction that encourages you to hone your skills. Do your own thing, and let others do as they please. ★★★★ AQUARIUS (Jan. 20-Feb. 18): Go over your financial situation carefully and set a budget that will help you lower stress. Lower your overhead through smart living. Talk to experts, set up interviews and take courses that give your qualifications a healthy boost. Avoid taking risks. Protect your physical and emotional well-being. Put your energy into improving your surroundings, not negativity and senseless arguments. ★★★

PISCES (Feb. 19-March 20): Set a budget and have some fun. Social events will encourage making new friends or reuniting with someone from your past. Taking a genuine approach to who you want to become and what you enjoy most will help you align yourself with those heading down a similar path. ★★★

SEE “KASAL,” B5

BIRTHDAY BABY: You are possessive, energetic and strong-willed. You are inventive and driven.

‘corner lots’ BY VAL MELIUS

The Universal Crossword • Edited by David Steinberg/Anna Gundlach/Jared Goudsmit/Andrian Johnson/Taylor Johnson ACROSS 1 Bright urban fleet 5 Places offering pedicures 9 Airline known for seatback TVs 12 Like fabric 13 Andean nation 14 Org. with crude policies 16 Email greeting for a team 17 Skater’s slope 18 Valley famous for its tasting rooms 19 Actor Kapoor 20 Not even close 21 Sooner or ___ 22 “That’s hilarious,” in a DM 23 Purchase 24 Reacted visibly to praise, perhaps 26 Emergency shot source 28 Signaled backstage 29 Donkey 30 Lock lips, in London 31 Rhyming Dr. Seuss character 33 Nature patches depicted four times in this puzzle? 36 Is jealous of 37 Cry of frustration

39 Ma, pa, sis, bro, etc. 42 Helpful tidbits 43 Treatment that leaves you glistening 45 Food items at a dispensary 47 MS-___ 48 Musician Yoko 49 Bert’s pal 50 Gullible sort 51 Went down a pole 52 Comic whose garage is no joke 53 Assist criminally 55 Wafer cookie brand 56 Barbecue rod 57 Path to a strike 58 Streamlined 59 Body of water off China 60 Cats and goldfish 61 Alert that summons a resuscitation team DOWN 1 Money machines? 2 ___ oneself of (making use of) 3 Kind of curve 4 Show with many celeb impressions 5 What waves may fling

6 Fruit that’s a body shape 7 Half of an outrageous price? 8 Greeting with a nod 9 Nick of “Jumanji: The Next Level” 10 “Law & Order” actress S. ___ Merkerson 11 Sioux homes 12 Largest animal on Earth 15 Referees’ warnings 20 Enjoyable 21 Rapper whose name sounds like a synonym of “ridiculous” 23 Plea before receiving feedback 24 Uneven road features 25 Luke’s sister 27 Skin opening 28 Investigations recorded by Watson 31 Quick cuts 32 Course series? 34 Mal’s stylish friend in “Descendants” 35 Ambled 38 American gymnast who starred at the Tokyo Games 39 Has a gloomy outlook 40 People selling spots

41 Half of Disney’s first couple 43 Alley-___ 44 2017 Cardi B hit 46 Flora and fauna 47 Oasis fruits 50 Delivered with a click, say 51 Grain tower 53 European peak 54 Honey 55 Defense grp. Solution to today’s puzzle:

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Show BusinessMirror

Editor: Gerard S. Ramos • Friday, September 25, 2026

Barbie Forteza: A gentle woman Hayden Panettiere’s death highlights risk of overdose death after stopping and resuming drug use A CORONER’S report notes actor Hayden Panettiere had been in rehab just weeks before her death from an accidental drug overdose. Although details of her care are unknown, people with drug addictions face a high risk of fatal overdose immediately after a period of sobriety. Experts say they may not realize their tolerance has dropped in that time, meaning a previously tolerated dose could overwhelm the body. Panettiere, 36, was found unresponsive in an apartment in Greenville, South Carolina, on August 16. The Greenville County Coroner’s Office said several drugs were found in her system, including fentanyl and its chemical byproduct, the anti-anxiety medication alprazolam, a muscle relaxer and a drug used to treat major depression and other serious mental health disorders. The case report says a senior deputy was told she had been in rehab for two or three weeks in Malibu, California. This risk of fatal overdose immediately after a period of sobriety has long been known. A 2003 study in the British Medical Journal said “treatment reduces mortality but can sometimes increase mortality transiently,” including among people with prior opioid addiction after their release from prison. They cited research showing that the month after completing treatment is associated with a much higher risk—five times higher for ending treatment without medications and two times higher after ending medication treatment. That’s compared to periods more than a month after ending treatment. What can friends and family do to reduce risk of overdose death? The first thing to know is that someone who recently stopped using drugs is at higher risk for an overdose if they relapse. Be ready to respond if that happens. Death following opioid overdose can be prevented if the person gets prompt basic life support and the medication naloxone, an antidote that rapidly reverses the effects of an opioid overdose if administered in time. AP

GMA LIFESTYLE’S YOUNG ACHIEVERS PODCAST WELCOMES ‘LUMPIA QUEEN’ ABI MARQUEZ, EARNS SPOT ON SPOTIFY PHILIPPINES CHARTS GMA Lifestyle, GMA Network’s online platform featuring engaging content on food, health, fashion, beauty and more, continues to connect with its audiences through its podcast, the Young Achievers Series, which recently climbed to No. 18 on Spotify Philippines’ Top Podcasts chart. The series’ latest episode, “The Crunch Heard Around the World,” features food content creator Abi Marquez, popularly known as the “Lumpia Queen.” Marquez gained popularity for her creative takes on the Filipino favorite lumpia. In her interview with GMA celebrity chef and host Jose Sarasola, Abi shares her personal insights on the growing momentum of Filipino cuisine among local and global culinary enthusiasts. The episode is now available for streaming. Meanwhile, the Young Achievers Series continues to gain traction, climbing to No. 18 on Spotify Philippines’ Top Podcasts chart from its previous position at No. 31. The podcast’s episode featuring Filipino Olympian Carlos Yulo also made it to the platform’s Top Episodes Chart, peaking at No. 26. Catch the latest episode featuring Abi Marquez on GMA Lifestyle on September 15. Viewers can also revisit previous episodes on www.gmanetwork.com and the GMA Lifestyle Facebook page.

OST ladies of the new generation look at beauty very differently, and easy access to social media has reshaped the way they define beauty since it is usually wrapped in filters, fillers and, oftentimes, fierce ambition. Especially in the world of entertainment where outward appearance is the basis of the masses why they adore a celebrity, that’s why many in this industry are encouraged to sculpt their bodies, augment their look, lean in and dress to kill. I’d like to reiterate that there is nothing wrong with taking care of one’s appearance or striving to be successful, but somewhere along the way, many of our female celebrities have traded in their “softness,” not aware that it can be their most powerful form of beauty. Not Barbie Forteza though. She has remained soft but firm, at times vulnerable but always vivid and bright. Forteza possesses the kind of soothing beauty that makes people exhale deeply, not because she is overpowering but because her energy allows them to put their guards down. Forteza, now at the threshold of being 30, practically grew up in show business, first facing the cameras at a tender age of 10, and she has never stopped working since. “Almost my entire life has been in this big bubble where I learned about life and people, about a world that is so different from all that we are. My work has become my safe space, and the many characters I’ve played over the years have somehow contributed to the person that I have become.” One of the biggest misconceptions about a “soft” lady like Forteza is that she is fragile and easily broken. But in reality, softness is not fragility, it is flexibility. Like Forteza who has learned to speak more to herself with kindness when she made the realization that self-love is not extravagance, it is and should be an affirmation. “I guess I’ve transformed into a woman that I like. I was molded by my experiences in this business, the highs and lows and everything in between, into this woman I have become. My softness has allowed me to always feel deeply without being overwhelmed, to remain open even after setbacks and disappointments, and to love deeply without losing myself,” she said. She added, “I don’t demand perfection, especially from myself and the people around me; I value sincerity and progress instead. I always allow some space for mistakes.” In a world that often pushes for self-improvement at all costs, choosing selfcompassion has indeed become Forteza’s act of quiet rebellion.

Forteza’s softness has allowed her to understand her emotions in a much beneficial way, without needing to shut these down just to escape from anything which she did not prepare her self for. She had her share of painful heartbreaks and career letdowns, but she has always learned to acknowledge her emotions and steer these to transform into a stronger, smarter and a more assertive woman. This emotional awareness allows Forteza to experience life fully, without numbing or hiding what she feels, and it has become a form of strength that is more stable than hardness. Hardness oftentimes resists pressure, but softness adapts to it. Over the years, I’ve seen Forteza grew into a formidable actor in projects like Mariquina, Half Sisters, Maria Clara at Ibarra, Kontrabida Academy, Pulang Araw, Beauty Empire and, most recently, in the movie Saving

Cherry and the ongoing limited Prime Video series Honor Thy Mother. “I am very proud of the output for my recent projects, especially for Honor Thy Mother. Working with this amazing ensemble cast of actors, especially my dearest Mama Sharon [Cuneta], has allowed me to combine love, joy, and passion in what I do, and I cannot be more blessed and grateful.” Confidence is often portrayed as loud and dominant, but there is a more valuable form that is quieter and more grounded. Barbie Forteza does not chase attention, she attracts it effortlessly. She does not compete, she captivates. Her kind of confidence is one that does not demand attention, it naturally earns respect. And when it comes to her flourishing career, she continues to be a gentle woman who leaves her mark in everything she takes on.

GLOBE BRINGS MARVEL EDITOR C.B. CEBULSKI CLOSER TO 170 YOUNG FILIPINO CREATORS

Kasal...

GLOBE brought 170 high school and college students closer to the world of comics and visual storytelling at Marvel U, featuring Marvel’s editor for Asia Originals C.B. Cebulski. The event gave aspiring creators firsthand access to the ideas and creative process behind Marvel’s stories. Now in its second year, Marvel U follows the 2025 edition, Marvel U: Discover Your Superpower, which gathered more than 100 students for a masterclass with Cebulski. This year’s program built on that experience with more opportunities to learn, create and engage with the former Marvel Comics chief. As a longstanding partner of Disney Studios, Globe continues to connect young Filipinos with global creative leaders and experiences beyond the classroom. These opportunities help students explore their interests and see where their creativity can take them. “Filipino students have so much creativity and potential. Through Marvel U, we want to give them experiences that broaden their perspective and encourage them to keep creating and pursuing their passions,” said KD Dizon, chief marketing officer of Globe Telecom.

So as more women pursue higher studies and look at their careers as a strategy to achieve financial independence, they are getting less interested in tying the knot while they are young. Of course, the downside of this is that as young Filipinos put off marriage, the chances of older couples getting pregnant is lower. No judgement here: Science suggests that the biological peak for women’s fertility is between the ages 20 and 29. By the time women hit 30, fertility slows, and they may need medical help to become pregnant. Outside of the medical route, which can be very, very expensive, later-married couples also have the option to adopt. God knows how many unwanted children are in orphanages just waiting to be adopted by kind couples. At the end of the day, marriage is a deeply personal choice—and there should be no timetable for it. Some find their partners in their 20s, others in their 30s or 40s, and some decide that marriage simply isn’t for them. What matters is that the decision is made freely, and not because Auntie Linda has been super kulit and nagging about your single status at every family reunion. So, best wishes to Bea and congratulations to Vincent! After all the twists, turns and plot developments worthy of a drama anthology, they finally got their happy ending. And perhaps that is the real lesson here: Marriage may be happening later for Filipinos, but it certainly hasn’t gone out of fashion. People are simply taking their sweet time getting there—hopefully, with a little more financial security, a lot more maturity, and, if they’re lucky, the right person beside them. As for the babies? Well, that’s another story. Let’s leave that one to Bea and Vincent—and to God, science, or whichever works first.

INSIDE THE MARVEL CREATIVE PROCESS

CEBULSKI shared insights into Marvel’s creative process, from bringing comics to life in the Marvel Cinematic Universe while staying true to the original stories, to the people and ideas behind its characters.

MARVEL editor C.B. Cebulski shares insights to his young audience.

Drawing from his time as Marvel Comics editor in chief, he encouraged young artists to develop their imagination and own style to help their work stand out. “Great stories can come from anywhere. I hope Marvel U encourages young Filipino creators to trust their ideas, develop their own voice, and keep working on their craft,” said Cebulski. Students also put their creativity to the test through a live 5G Speed Drawing activity, giving them an opportunity to apply what they learned during the session. A meet-and-greet with Cebulski gave participants another chance to interact with the Marvel editor and talk about their shared passion for comics and storytelling. For Thea, a student at University of Santo Tomas-Manila, Marvel U 2.0 offered fresh motivation to pursue a creative path. “This event has inspired me to become a better artist, especially after hearing Mr. Cebulski share his past work with

other legendary Marvel artists and their contributions over the years. Experiences like this remind us of the impact of storytelling,” she said.

HELPING STUDENTS PURSUE THEIR PASSIONS

MARVEL U reflects Globe’s efforts to give young Filipinos opportunities to explore their interests, develop their creativity, and connect with like-minded peers. The telecom giant also helps students stay connected to the content, tools and communities that support their interests through offers such as Go+99 with 5G and its growing 5G network. Students who want to join more Globe events and experiences can sign up for the Globe Student Program at tinyurl.com/48nes4dr. The program opens more opportunities for young Filipinos to connect, participate, and pursue what matters to them.

Continued from B4

Friday, September 25, 2026

PlayTime Entertainment extends Manila Fashion Week reach

layTime Entertainment provided the music, digital coverage, and livestream for this year’s Manila Fashion Week as the event’s official entertainment partner, extending the four-day runway showcase to audiences who could not attend in person.

The company also served as naming sponsor of the “Star of the Night” award, presented during the event’s After Party. Alison Black received the recognition, along with a trophy and a P20,000 cash prize. PlayTime Entertainment also set up a happiness-themed booth where guests were served complimentary cocktails. “We want to be part of the very important mission of celebrating Filipino fashion and showcasing the talent and creative skills of our local designers and brands,” PlayTime Entertainment President Roy Alcid said in a press release. Alcid described the tie-up as going beyond a typical sponsorship arrangement. “It’s actually more than just a

partnership with the people behind Manila Fashion Week, as PlayTime Entertainment serves as a key component in championing Filipino talent and artistry,” he said. The company said it continues to pursue partnerships and collaborations across various industry sectors as part of its commitment to diversifying its platform. PlayTime Entertainment has integrated operations spanning talent management, sports entertainment, and platform development. Manila Fashion Week highlights the work of Filipino designers and local brands while providing a platform for designers and creators to build connections and explore future collaborations.

An evening of distinction, prestige, excellence

HE 4th Philippine Finest Business Awards & Outstanding Achievers 2026, proudly presented by La Visual Corporation in partnership with Sirbisu Channel, is set to bring together an exceptional gathering of leaders, achievers, entrepreneurs, professionals, artists, public figures, and outstanding organizations from various industries. Scheduled for September 30, 2026 at The Hexagon Events Place, the 4th Philippine Finest Business Awards & Outstanding Achievers 2026 is a celebration of vision, perseverance, leadership, innovation, creativity, and meaningful contributions that continue to inspire communities and shape the future. This year’s celebration features an impressive and diverse lineup of distinguished personalities, business leaders, professionals, entrepreneurs, artists, media personalities, institutions, and organizations including:

Marian Rivera, Salvacion Paparon, Marc Logan, Annabelle Surara, Judge Tarcelo A. Sabarre Jr., Nestor Tugade Layderos, Jeffrey Dy, Earlo Bringas, Alvin Diesel, Rogelio Medina, Gabriel John Rimando, Jigo Postolero, Wej Cudiamat, Gilbert De Los Santos, Audrey Gorriceta, Diane Querrer, Dr. Allen M. Quirit, MD, Edwin Lisa, Janice Delima, Marion Alston Impil, Janice M. Dela Cruz, Rowena Madduma, Jeanet E. Parreño, CGPA, CRFA, CHRA, CPM, Ph.D., Bon Jheo Exconde, Jomerle Evardone Matutino, Aldin O. Ugat, Jamin Lim, Charles Vales Arceta, JP Catering Services, Sunproperties Development Corporation, Solarich Enterprises Corp. Alumrich Glass Specialist Corp., Eventrich Event Services, Sheanne Roll Up Door Construction Services, Jam Lim Enterprises, Renaissance Credit Collection and Recovery Solutions Corporation, Venice Handicrafts Corporation, Fitness Center, The Hexagon Events Place, Glow by Heart Beauty Lounge, Bhylinns Modern Fashion, Eyeleen Hair and Make Up by Aileen Sebua, Edwin Lisa Brows & Aesthetics, Rise & Shine Pilipinas, Alegre de Pilipinas, Neverfades Picture Frame Store, NET25, Breton Containers, All Access to Artists, Asian Aesthetics and Permanent Makeup Training Center, Inc., SCPA Development, Hardrich Construction, RRE Lunas Builders Enterprises Ltd. Co. Steward Fantilaga, Charrie Rose Apilado, Richard Lunas, Camille Postolero, Pink Muhly Ltd. Co., Dr. Dioscoro “Steve” Esteban Junior, Katrina Halili, Andres Muhlach, Kai Montinola, Guess What, Artista Film Productions, Christopher Leyson, Miller Daniolco, Pokwang, Ahron Villena, Ronnie Liang, Sam Verzosa, Mark Anthony Cruz, Jeffrey Estrada, L’Costurera, Sheryl Cruz, Monsour Del Rosario, Lovely Rivero, Zara Lopez, Romm Burlat, Ahwel Paz, KDPP (Kapisanan ng mga Direktor ng Pelikulang Pilipino), Hidden Gems, DJ Mama Colleen, CPO Melchor N. Sorillano PN. World Championships of Performing Arts Team Philippines 2026 (Eduardo “Mel” N. Sorillano, Bernadette Crisol Tismo, Sabella Reign Mendoza, Harmony Valencia Diatras) Justin Piñon, Ralph Tee, Solarich E-Corp Solar PV Training Center, Saludable Barley, Cezar Zacarias, Timothy Joshua L. Bati-on, Gian Garcia, PAC Entertainment Production, D Trence Creative and Events Production, Pete Gatela of Legit Hagibis, Carlos Parsons of Legit Hagibis, Edwin Cando, Carmela Betonio, Korina Sanchez, The RK Gadgets, Bilyonaryo News Channel, Abante Radyo, Atty. Michelle C. Maravillosa-Bacarra & Swapboxo. Each honoree represents a unique story of determination, achievement, leadership, creativity, and excellence, making the 4th Philippine Finest Business Awards & Outstanding Achievers 2026 one of the most dynamic and distinguished editions yet. Behind every successful celebration is a network of partners who believe in the importance of recognizing excellence. The major sponsors are JP Catering Services, The Hexagon Events Place, Fitness Center, Sunproperties Development Corporation, RRE Lunas Builders Enterprises Ltd. Co., Eventrich Event Services, Alumrich Glass Specialist Corp., Solarich Enterprises Corp., Hardrich Construction, Solarich Ecorp Solar PV Training Center The minor sponsor is Breton Containers. Primary sponsors are Asian Aesthetics and Permanent Makeup Training Center, Inc., Salvacion Paparon, Sheanne Roll Up Door Construction Services, SCPA Development, Saludable Barley To our valued sponsors, your continued trust, support, and commitment help create a platform where achievement is celebrated, excellence is recognized, and inspiring stories are given the spotlight they deserve.

Switch up your Pizza Hut Mix & Munch feast with the new ‘Make It a Meal +299’upgrade

F you know Pizza Hut, you know they just never miss. For one, their new Mix & Munch Pizza is already a certified, crowdpleasing gamechanger, letting you smash two different toppings onto one single crust starting at just ₱299. That’s another duo that we need to talk about more, to be honest! But now, you can even make it a full meal with the ultimate menu level-up, the Make It a Meal upgrade for just an additional +P299, which is part of Mix & Munch & More! With the new Mix & Munch & More, you can now enjoy your favorite Mix & Munch combo in even more satisfying ways. The possibilities are endless, allowing you to switch it up every time you order so you always get a different yet equally flavorful experience! Mix & Munch & More’s Make It a Meal +₱299 option comes with two glasses of icecold Pepsi and two sides of your choice. You can either go for two pasta dishes (Bolognese and Carbonara) to ramp up the flavor or go for the salty-sweet pairing of crispy Tater Tots and KitKat Pops. No matter what you choose, it’s sure to be a banger. Enjoy it with your Regular Pan Pizza Mix & Munch (P299) or go all in with a Large Pan Pizza Mix & Munch (P499). You can also upgrade your pizza combo to Cheese Stuffed Crust (P120 for Regular, P170 for Large) or Sausage Stuffed Crust (P120 for Regular, P170 for Large) for a meatier and cheesier feast. Whether you are hosting late-night

In the photo are, from left, NACFI Executive Director Reynaldo dela Rosa; Hinatuan Mining Corp. - Manicani Resident Mine Manager Philipp Ines; NAC Senior Vice President–Chief Security and Aviation Officer Romeo Tanalgo; Eastern Samar Vice Governor Maricar Sison-Goteesan; Guiuan Mayor Analiz Kwan-Gonzales; NAC President and CEO Martin Antonio G. Zamora; NACFI President Jose Bayani D. Baylon; and NAC Vice President for External Affairs, Regulatory, and Community Relations Atty. Ryan Rene Jornada.

NAC Foundation donates P25-M waste facility to Guiuan to cut landfill waste

P25-million solid waste management facility donated by the NAC Foundation Inc. (NACFI) to the Municipality of Guiuan in Eastern Samar is now operational, providing the town with equipment to recover recyclable materials, process organic waste, and turn discarded materials into usable products. The Guiuan Resources Ecocycling, Extraction, and Neutralization (GREEN) Facility, located within the Guiuan Eco-Waste Management Center and Park, has the capacity to recycle various types of waste. Equipped with a conveyor belt for waste segregation, it also has a multipurpose shredder, glass crusher and pulverizer, concrete mixer, and eco-brick maker. “Through the NAC Foundation and Hinatuan Mining Corporation-Manicani, we hope that this new waste management infrastructure would help Guiuan turn waste into useful resources: rich compost for farm soils and sturdy eco-bricks and pavers that can help build local projects,” said Martin Antonio G. Zamora, president and CEO of Nickel Asia Corporation. NACFI also provided the electrical line needed to power the machinery, as the existing capacity of the Guiuan Eco-Waste Management Center and Park was not sufficient to support the equipment. The municipality generates an estimated 15,824 kilograms of waste daily, based on the Department of Environment and Natural Resources (DENR) waste generation rate of 0.3 kilograms per person per day. According to Guiuan Mayor Annaliza Gonzales-Kwan, the challenge is not only the volume of waste but also the limited options for its final disposal. “Guiuan has transformed significantly. We have become one of the emerging business and economic centers of the province, and we have been recognized

among the top 10 fastest-growing economies in the region. More progress, more people, more businesses, more industries, more tourists, all equal to more waste,” said Gonzales-Kwan. “There is another reality that makes this facility particularly important for us. Much of Guiuan’s underground geology is characterized by sinkholeprone areas, and because of this, the DENR-EMB has not recommended the establishment of a conventional sanitary landfill in the municipality. This integrated solid waste management system is designed to address solid waste management at a larger scale,” she added. Through the donation, the municipality is also able to implement Republic Act No. 9003, or the Ecological Solid Waste Management Act of 2000, which requires local governments to establish systems for waste reduction, segregation, collection, recycling, and disposal. The local government is urging households, business establishments, institutions, and barangay local government units to strictly observe waste segregation and comply with its “no segregation, no collection” policy to ensure that the facility can operate effectively. The waste-management initiative comes as Guiuan also steps up community clean-up and dengue prevention efforts. Executive Order No. 07-94-2026, issued by Gonzales-Kwan, directed the municipality’s 60 barangays to strengthen clean-up activities and dengue prevention measures following reported dengue cases in July 2026. “Real, lasting change happens at the LGU level, but to sustain it requires a village. That is all of us. Through this partnership, we hope to empower Guiuan to not only envision a resilient future, but to take decisive, actionable steps toward building a truly sustainable community,” said Zamora.

Festivalgoers turned inspiration into action at Camella’s interactive exhibit, exploring premier master planned developments and discovering lifelong property investments tailored for modern families.

Camella honors GenSan heritage, homegrown spirit at Tuna Festival 2026

C The new ‘Mix & Munch & More’ offer allows you to add more flavor to your favorite pizza flavor combo for just P299 barkada hangouts, gathering the family for weekend dinners, or planning low-key movie nights, Mix & Munch & More’s Make It a Meal +P299 option offers the perfect upgrade to your favorite Mix and Munch flavor pairing. It is the perfect menu hack for casual celebrations and spontaneous weekend gettogethers without spending hours in the kitchen or feeling like you’re doom spending! Mix & Munch & More’s Make It a Meal +P299 upgrade is available with any Mix & Munch combo for dine-in and take out in all

Pizza Hut stores nationwide. You can also order for delivery by calling the (02) 89111111 hotline, by logging on to www.pizzahut. com.ph, with a few taps via the Pizza Hut mobile app, available for Android and iOS devices, or through Pizza Hut’s official delivery partners GrabFood and foodpanda (prices may vary)! Don’t forget to follow and like Pizza Hut on Facebook, Instagram, and X so you won’t miss out on the latest news, updates, and offers!

AMELLA joined General Santos in celebrating the 2026 Tuna Festival, bringing together people, talents, and traditions that define the vibrant identity of the Tuna Capital of the Philippines. From seafood and sports to skills, service, and song, the festival showcased how the industry enriches everyday life in General Santos. Camella joined the celebration honoring the culture, commerce, and continuity that are moving General Santos forward. Through an interactive exhibit at the Oval Plaza, Camella invited guests to explore houseand-lot communities, including Camella GenSan and Camella Trails GenSan. This on-the-ground presence brought lifelong homeownership opportunities directly to homebuyers during the city’s most anticipated gathering. The festival celebrates a multifaceted industry inseparable from GenSan’s economic growth. Commercial fishing, transportation logistics, and culinary enterprises support livelihoods across the region, bringing these sectors together in a shared setting. What begins at sea extends directly into local businesses, workplaces, and family tables. Events like the Job Fair and Headline Summit drove local employment and corporate exchange, while culinary showcases, cultural gatherings, and competitions reflected a progressive city shaped by hard work, hometown enterprise, and a sense of belonging. Camella has established its footprint in General Santos through communities built around Filipinos’

evolving priorities. It offers settings where house-andlot, amenities, and proximity to workplaces, schools, healthcare facilities, and road networks support suburban living. It serves buyers looking for a primary residence, families seeking more space, and OFWs preparing a forever home upon retirement. These multigenerational neighborhoods find a natural parallel in Tuna Festival. Just as local culture and practices are passed forward, communities can provide continuity through homes where milestones happen, and legacies last lifetimes. Camella also introduced another pathway for progress through VLink, Vista Land’s sales recruitment and accreditation program for sales professionals. VLink welcomes new entrants and seasoned organizations seeking to establish their practice in real estate. Through simple steps and planned phases, business partners gain product knowledge, sales support, training, and access to Vista Land’s residential offerings. From the festival grounds filled with food, fellowship, livelihoods, and local pride to the homes where everyday life continues beyond the Tuna Festival, Camella remains part of General Santos’ progress. Camella honored what continues to define the city: heritage carried forward, homegrown spirit shared widely, and family aspirations finding lasting addresses. Learn more about Camella communities nationwide. Visit www.camella.com.ph and follow @CamellaOfficial.

Motoring BusinessMirror

Henry Ford Awards Best Motoring Section 2007, 2008, 2009, 2010 2011 Hall of Fame

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Editor: Tet Andolong • Friday, September 25, 2026

Electrified confidence: Nissan’s e‑Power duo on the road Story & photos by Randy S. Peregrino

LONG drive takes on a certain rhythm when the convoy is made up of electrified vehicles. Nissan Philippines recently staged a three‑day experiential run, fielding five units of the X‑Trail e‑Power and three of the Kicks e‑Power. The chosen route was no ordinary loop—it stretched from Quezon City to the coastal calm of Botolan, Zambales, then onward to Bolinao, Pangasinan, before tracing back to the capital. The journey stitched together freeways and provincial backroads, offering both speed and scenery. The objective was clear: to feel how Nissan’s e‑Power technology carries itself with quiet assurance, whether cruising wide expressways or threading through the rural arteries of Luzon. It was more than a drive; it was a measured exploration of how electrified mobility fits seamlessly into everyday travel—steady, composed, and zero range-anxiety.

X‑TRAIL E‑POWER

THE return of the Nissan X‑Trail now comes with a new identity—electrified confidence. This latest iteration is powered by Nissan’s proprietary e‑Power system. It is not a plug‑in EV but a unique hybrid setup where the turbocharged three-cylinder gasoline engine serves solely as a generator, charging a lightweight lithium‑ion battery that feeds an AC synchronous motor. The result is a drive that feels purely electric—instant torque, smooth acceleration, and a quiet cabin— without needing external charging. With 201 hp and 330 N-m of torque, the X‑Trail e‑Power delivers performance that is both effortless and composed. From the outside, the X‑Trail exudes a premium yet rugged stance. Full LED headlamps with auto on/off, LED daytime running lights, and LED tail lamps sharpen its presence. Rain‑sensing wipers, auto‑folding heated mirrors, and a panoramic sunroof add convenience and flair. The 19‑inch alloy wheels and 204 mm ground clearance balance urban sophistication with provincial practicality. Inside, the cabin showcases elevated comfort. Leather upholstery, an eight‑way power-adjustable driver’s seat with lumbar support, and tri‑zone automatic climate control with rear vents ensure every occupant’s comfort. The floating center console with butterfly storage, D‑shaped leather steering wheel, and wireless charging pad highlight thoughtful design. Rear passengers benefit from sliding and reclining seats, complemented by a rear sunshade and armrest. At the heart of the dashboard are dual 12.3‑inch digital displays that seamlessly integrate wireless Apple CarPlay and Android Auto. The system provides navigation,

entertainment, and connected services with clarity. Six speakers with active noise cancellation enhance the cabin’s serenity. Intelligent keyless entry, hands‑free power tailgate, and multiple USB‑C ports front and rear round out the convenience features. Nissan Intelligent Mobility defines the X‑Trail’s safety suite. A 3D Intelligent Around View Monitor offers a rotatable 360-degree perspective, while Intelligent Emergency Braking and Forward Collision Warning provide crucial intervention. Lane Departure Warning, Blind Spot Warning, and Rear Cross Traffic Alert keep the driver aware of surroundings. The Intelligent Rear View Mirror transforms into a digital display for unobstructed visibility. Six airbags, ISOFIX anchors, Vehicle Dynamic Control, and Traction Control System reinforce security. The experiential drive began with a convoy from Quezon City to Botolan, Zambales. Freeway stretches let the X‑Trail e‑Power show its unrelenting power. Acceleration was immediate, with the electric motor’s torque delivering confidence in overtaking maneuvers. Steering feedback was precise, offering excellent control even at higher speeds. On provincial highways and coastal mountain twisties, the X‑Trail remained composed, with minimal body roll thanks to its multi‑link rear suspension. The e‑Pedal Step proved vital, allowing smooth deceleration with a single pedal, while regenerative braking added efficiency. As the convoy carved through the coastal roads, the X‑Trail’s balance became more evident. The brake mode provided reassuring control on downhills, while the steering’s weight and accuracy gave a natural feel through tight bends. Even with varying road surfaces, the

suspension absorbed imperfections without unsettling the cabin. The quiet cabin, aided by active noise cancellation, allowed focus on the drive rather than the noise outside. The day underscored how electrified power can be both practical and engaging. The second leg resumed through long provincial highways and winding roads toward Bolinao. Here, the X‑Trail’s balance of power and handling shone even brighter. The long straights highlighted its effortless acceleration, while the twisties demanded precision—and the X‑Trail delivered. Steering feedback remained communicative, instilling confidence through successive corners. Body roll was kept at bay, and the SUV’s composure never faltered even when pushed harder. Brake mode again proved its worth, especially on extended descents, reducing reliance on the pedal and adding control. The e‑Pedal Step made convoy driving smoother, allowing me to modulate speed with ease. Driver assistance systems—Blind Spot Warning, Lane Departure Alert, and Forward Collision Warning—were not just features on paper; they became useful companions in close traffic and during overtaking maneuvers. The Intelligent Around View Monitor was particularly useful in tight provincial towns, offering clarity when maneuvering through narrow streets. By the time we reached Bolinao, the X‑Trail had shown its full character. It was not just about electrified efficiency but about confidence in every situation—whether overtaking on highways, descending mountain passes, or threading through coastal curves.

KICKS E‑POWER

THE Nissan Kicks e‑Power arrives as a

subcompact SUV with a daring stance and electrified heart. Smaller than its X‑Trail sibling, it carries the same innovative e‑Power system: the three-cylinder gasoline engine serves only as a generator, charging a lithium‑ion battery that feeds an AC synchronous motor. The result is a purely electric drive experience, delivering 134 hp and 280 N-m of torque. With its lighter frame, the Kicks translates this output into spirited acceleration and agile handling, proving that electrification can be both practical and engaging. The exterior is sharp and modern, defined by full LED headlamps with triple‑arrow daytime running lights, LED tail lamps, and 17‑inch alloy wheels. A shark‑fin antenna and black side mirrors add subtle sporty touches. Inside, the cabin focuses on comfort and clarity. Zero Gravity seats reduce fatigue, while anti‑heat leather keeps the cabin cooler under the sun. A six‑way power driver’s seat, a spacious rear bench with 60:40 split folding, and up to 470 liters of cargo space. The dashboard features a fully digital 7‑inch TFT meter paired with a 12.3‑inch touchscreen display audio system, complete with wireless Apple CarPlay and Android Auto. A wireless charging pad, multiple USB‑C ports, and intelligent keyless entry enhance convenience. NissanConnect Services extend control beyond the cabin, offering remote lock/unlock, engine start/stop, vehicle health reports, and even curfew or theft alerts through a smartphone app. The Kicks e‑POWER includes Nissan Intelligent Mobility features. ProPILOT, available in select variants, combines Intelligent Cruise Control and Steering Assist for lane centering

and safe following distances. Intelligent Forward Collision Warning, Emergency Braking with pedestrian detection, Lane Departure Warning with Lane Intervention, Blind Spot Warning with Intervention, and Rear Cross Traffic Alert all contribute to confident driving. Rear Automatic Emergency Braking, High Beam Assist, and Driver Attention Alert further strengthen its safety profile. The final leg of the convoy began in Bolinao, Pangasinan, tracing provincial highways before merging onto the freeways back to Manila. Despite having less output than the X‑Trail, the Kicks’ smaller frame made acceleration feel immediate and unstrained. Passing maneuvers were handled with ease, the steering feedback remained precise, and body roll was barely perceptible even through successive curves. Brake mode proved its worth during long descents, offering controlled slowing without constant pedal input. The e‑Pedal Step simplified the drive further, letting you modulate speed with a single pedal—ideal for convoy pacing and urban traffic alike. Advanced driver assistance systems were not just background features; Blind Spot Intervention and Lane Departure functions actively supported the drive, while the Around View Monitor provided clarity in provincial towns and tight freeway exits. By the time the convoy reached Manila, the Kicks had shown its character: compact yet confident, electrified yet grounded. It was proof that smaller dimensions do not diminish capability. Instead, they amplify agility, making the Kicks e‑POWER a practical yet spirited companion for both provincial journeys and city return.

Mercedes-Benz’s 140-year legacy of automotive excellence; Toyota plus Ben&Ben THE recent Mercedes-Benz Philippines curated mall display at the Power Plant in Rockwell Center, Makati City, drew raves from car buffs steep in tradition. The two-day event formed part of the brand’s 140 years of “innovation global celebration” as it showcased the vehicle’s enduring presence in the mobility business. Visitors enjoyed complimentary refreshments, take-home exclusive brand merchandise and an experience 140 Seconds of Comfort—an in-vehicle immersive activity.

Automotive Inc. and offers a range of high-end models, including sedans, coupes, SUVs, and electric vehicles. The company has dealerships in key locations in Greenhills San Juan, Alabang and Cebu.

TOYOTA PLUS BEN&BEN

EXQUISITE

REAFFIRMING the brand’s pioneering invention of the world’s first automobile and its lasting legacy of innovation, Arianne Colene Jalalon said the curated display was an exquisite blend of classic, innovative and diverse luxurious lineup featuring one sustainable electric vehicle, two powerful internal combustion engine vehicles, and one classic model such as the Mercedes-Benz EQE 350+ AMG Line, Mercedes-Benz GLC 200 4MATIC, Mercedes-Benz GLB 200 AMG Line, and a classic 1967 Mercedes-Benz 250SE. Leading the model display lineup was the Mercedes-Benz EQE 350+ AMG Line. This model is the brand’s all-electric midsize sedan that delivers up to 682 kilometers of driving range, featuring a perfect blend of luxury and sustainability. The second model was the Mercedes-Benz GLC 200 4MATIC. It is a compact crossover SUV, running on a 2.0-liter turbocharged inline-4 engine with 48V mild-hybrid assist. The third star was the Mercedes-Benz GLB 200 AMG Line. This model is a versatile 7-seater compact SUV that combines luxury, space and performance, together with that signature sporty AMG styling.

TIMELESS

TO commemorate the brand’s 140 Years of Innovation, following the successful execution last August, the September Welcome Home Roadshow featured a classic model as the fourth display vehicle—the timeless 1967 Mercedes-Benz 250SE, which embodies the iconic brand’s vision of delivering uncompromised engineering, world-class prestige, refined craftsmanship and lasting durability that Mercedes-Benz started for the world in 1886. Customers had the golden chance to win raffle tickets to the 2026 WTA Singapore Tennis Open Raffle set from September 21 to 27, with no less than our very own Alex Eala as one of the leading stars in the tournament. Colene invites you to visit Mercedes-Benz showrooms in Greenhills, Alabang, or Cebu, and enjoy an exclusive opportunity to test drive Chedeng’s exceptional lineup. For more information, call 87845-000, 8553-6334 and 09219358574, or visit www.mercedes-benz.ph. Mercedes-Benz Philippines operates under IC Star

ALLANA Faith Rufo reports that twin brothers Paolo Benjamin and Miguel Benjamin from Filipino indie folk-pop band Ben&Ben are bringing Filipino creativity to the regional spotlight as part of Toyota Motor Asia’s Move Your World Beat, a new culture initiative developed with creative partner Virtue Asia. Through this campaign, the duo will join artists from across Asia in transforming everyday Toyota vehicle sounds into original musical compositions that celebrate creativity, collaboration and cultural expression. The platform brings together established and emerging artists from across Asia to collaborate, experiment and inspire the next generation to express their cultures through contemporary sound. The initiative also serves as an ongoing project where Toyota empowers Asia’s creators to tell stories through music while celebrating both cultural heritage and innovation.

UNIVERSAL

“AT its heart, ‘Move Your World’ is about Toyota’s commitment to the communities in Asia—the freedom to move, and the thrill and joy of moving forward together. With ‘Move Your World Beat,’ we bring that same spirit to music, a universal language that unites our communities and moves us all a little closer,” said Jaja Ishibashi, general manager of Toyota Motor Asia.

“By supporting creators and bringing different voices together, we hope to inspire new forms of expression and show that when we move together, we can create something greater than any one of us could achieve alone.” As the Philippine representatives, Paolo and Miguel join a regional lineup of creators which includes Malaysia’s Belle Sisoski, Pakistan’s Natasha Noorani, Singapore’s Shye, Thailand’s Valentina Ploy and Vietnam’s 2pillz. Beyond this year’s rollout, ‘Move Your World Beat’ is intended to continue as an ongoing platform, with each participating artist’s content contributing to future collaborations that celebrate creativity, community and cultural exchange across the region. For more information, follow Toyota Motor Philippines on Facebook, Instagram and X, and join the ToyotaPH community on Viber.

PEE STOP Mark Luigi Bautista says Toyota is also back

to supporting sports as it recently brought the B. LEAGUE Manila Games 2026 to the MOA Arena in Pasay that featured the Manila Games 2026, a landmark two-game preseason series between Levanga Hokkaido and Gunma Crane Thunders. “Basketball has a special way of bringing people together, and we are proud to support an event that allows Filipino fans to experience B.LEAGUE basketball here in Manila,” said Elijah Marical, First Vice President for Vehicle Sales Operation of Toyota Motor Philippines. “The series was a celebration of the passion that Japan and the Philippines share for the sport, the friendship between our two countries and the memorable experiences that basketball can create for fans and families.” Cheers!

NISSAN’S e-Power duo arrived in Bolinao, Pangasinan, before sundown: the top-spec Kicks e-Power LE Plus in Aquamarine Metallic (left) and the lone X-Trail e-Power variant in Cardinal Red Metallic.

Friday, September 25, 2026

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Davao public works director turns Two media groups to publish over flood-control records to NBI book on US-based Filipinos

PHOTO shows Philippine Global Media Group (PGMG) officers PRO Ellen Rodriguez-Swing, Chairman Val Abelgas, President Dan Niño and Media Touchstone Ventures Inc. (MTVi) President Melandrew Velasco.

By Joel R. San Juan

@jrsanjuan1573

EPARTMENT of Public Works and Highways (DPWH) Davao Regional Director Engineer Juby Cordon on Thursday appeared before the National Bureau of Investigation (NBI) in connection with the ongoing investigation into the multi-billion flood control projects in that region. Cordon arrived at the NBI at around 1:00 p.m. and submitted 10 boxes containing documents pertaining to 47 flood control projects which have been flagged by the agency for alleged anomalies.

NBI Director Melvin Matibag said they would thoroughly review all the documents submitted to determine whether there is sufficient basis to file charges. “Engineer Cordon is here, together

with other employees, and they have brought the documents we requested. About 10 boxes of documents which we will examine one by one to determine what really happened with these projects,” Matibag told reporters. “If there is no evidence to support the filing of a case, we will also make an announcement,” he added. Mat ibag ea rl ier c l a imed t hat there were “ghost” and “substandard ” f lood control projects in the region including Davao City. T he NBI director earlier said around P1.9 billion in government funds were spent for the 47 projects. However, Matibag clarified yesterday that the projects was actually worth P7 billion. “It turns out that the P1.9 billion we were looking for the projects awarded to just one contractor was actually P7 billion from 2018 to 2024, So after this, we will also issue a subpoena for

documents to the Commission on Audit [COA],” the NBI chief said. The NBI director earlier said it would subpoena at least 51 individuals from Genesis88 Construction, Gemma Construction, Agong Construction, the DPWH, and the COA in its investigation. Davao Rep. Paolo Duterte, in a statement issued several days ago, welcomed the NBI investigation but called on Matibag not to be selective in its investigation into the anomalies involv ing f lood control projects. He also asked whether Matibag would conduct an investigation on the flood control projects in San Pedro, Laguna, the bailiwick of his wife Laguna Rep. Ann Matibag. In response, Matibag said the NBI is ready to conduct an investigation if Duterte will file a case and present any evidence.

Global environmental governance needs urgent reform–DENR chief By Jonathan L. Mayuga @jonlmayuga

ECRETARY Juan Miguel T. Cuna of the Department of Environment and Natural Resources (DENR) on Wednesday called on the international

community to reform global environmental governance by reducing institutional fragmentation and ensuring developing nations receive adequate resources to fulfill international commitments. In a statement released following Cuna’s speaking engagement at the High-Level

Political Dialogue on “Renewing Environmental Multilateralism” during the 81st United Nations General Assembly (UNGA 81) in New York, Cuna emphasized that global treaties must move beyond abstract pledges to deliver practical outcomes. The dialogue, hosted by the governments of Panama and

Vanuatu, aimed to adapt international cooperation amid growing geopolitical complexity and institutional pressures. Addressing delegates at UN Headquarters, Cuna highlighted that expanding international mandates across climate change, biodiversity loss, and pollution place heavy operational burdens on developing countries. He stressed that these demands are rarely matched by equitable access to climate finance, technology transfer, and capacity-building. “Renewal should focus not only on new commitments, but on making the existing system easier to implement: reducing duplication, improving coordination, and directing more resources to delivery at the national level,” Cuna said. Focusing on global negotiations for a legally binding agreement on plastic pollution, the environment chief underscored that an effective treaty must cover the full life cycle of plastics —including product design, chemicals of concern, waste management, and financing. He advocated for a framework that is ambitious yet implementable, taking into account the national capabilities of frontline states. Cuna also emphasized the role of international law, referencing the International Court of Justice (ICJ) Advisory Opinion on climate change obligations. While noting that the opinion provides needed legal clarity, he argued that legal principles must be paired with actual financing and institutional capacity to protect climatevulnerable communities. He also urged improved cross-sectoral collaboration against transboundary harm and organized crime to address environmental degradation. Cuna called for closer ties between environmental agencies, customs, law enforcement, prosecutors, and financial intelligence authorities under frameworks like the UN Convention against Transnational Organized Crime (Untoc) to combat illegal logging, illegal mining, wildlife trafficking, and illegal waste dumping. The high-level dialogue forms part of broader institutional reform efforts within the UN system aligned with the Pact for the Future and the United Nations 80 Initiative. These initiatives seek to modernize UN operations, streamline overlapping reporting systems, and explore complementary plurilateral agreements among coalitions of willing nations to maintain momentum on urgent ecological challenges. For the Philippines, active participation at UNGA 81 provides a vital platform to ensure global treaties reflect national realities, secure international cross-border enforcement partnerships, and mobilize resources to safeguard vulnerable ecosystems and frontline communities.

HE Philippine Global Media Group (PGMG) based in the US and Media Touchstone Ventures Inc. (MTVi) that operates in the Philippines have formally entered into a partnership to produce a coffeetable book chronicling the journeys, dreams, achievements and enduring legacies of Filipinos and FilipinoAmericans in California. The Memorandum of Agreement was signed by MTVi President Melandrew T. Velasco, PGMG President Dan E. Niño and PGMG Chairman Val G. Abelgas, with PGMG Public Relations Officer Ellen Rodriguez-Swing serving as the project’s Marketing Director. The agreement was concluded following the unanimous approval of the PGMG Board, reflecting the organization’s full support for the publication and its commitment to preserve and promote the history, accomplishments and contributions of the Filipino community in California. Tentatively titled “Filipinos in California: Journeys, Dreams, Achievements and Legacies,” the premium coffee-table book will feature distinguished Filipino-Americans, community leaders, professionals, entrepreneurs, artists, media practitioners, public servants, organizations, businesses and institutions whose stories reflect the growth and influence of the Filipino community in the Golden State. The publication will document the experiences of Filipinos who built new lives in California while preserving their cultural identity and maintaining meaningful ties with the Philippines. It will also highlight the contributions of successive generations of Filipi no - A mer ic a n s to publ ic s e r v ic e, he a lt hc a re, e du c at ion , business, science and technolog y, media, culture, sports, the arts and community development.

Beyond recognizing individual success stories, the book seeks to preserve Filipino-American community history and institutional memory, inspire the younger generation, strengthen cultural pride and provide a valuable historical and educational reference for families, schools, libraries, universities and community organizations. The project supports PGMG’s mission of advancing responsible journalism, amplifying Filipino voices, preser ving cultural heritage and promoting service to the community. Through the combined networks and capabilities of PGMG and MTVi, the publication is envisioned as both a historical record and a legacy project that will connect generations of Filipinos in California and beyond. “This is more than a publishing venture. It is a collective effort to document the Filipino experience in California and ensure that the sacrifices, accomplishments and contributions of our community are remembered by future generations,” said Niño. Abelgas, who will also serve as Senior Editor of the project, underscored the importance of documenting the community’s history through credible journalism and compelling storytelling. “The Filipino presence in California has a long, rich and inspiring history. This coffee-table book will help bring together the stories of the people and institutions that have shaped that history and continue to build a lasting Filipino-American legacy,” Abelgas said. “The credibility of this project rests on careful research, professional editorial standards and the trust of the Filipino-American community,” Velasco said. “Our goal is to produce a beautiful and historically meaningful publication that does justice to the people, institutions and stories that have helped shape California.”

BuCor backs SC on detention alternatives

HE Bureau of Corrections (BuCor) on Thursday expressed full support for the procedural changes being considered by the Supreme Court, including the use of house arrest, medical confinement, and community-supervised release as alternatives to detention. The legal alternatives to detention were raised by Chief Justice Alexander Gesmundo in his speech at the recently concluded Justice Sector Coordinating Council (JSCC) Summit. The proposed measures seek to address the country’s persistent detention and prison congestion while ensuring that justice is administered humanely and efficiently. Corrections Director General Gregorio Pio Catapang Jr. said the bureau is “very much on the same page” with the Supreme Court, particularly regarding the inclusion of elderly and seriously ill offenders in alternative arrangements. Catapang said the proposed reforms are consistent with the bureau’s position on compassionate release for offenders who are elderly, sick, or otherwise qualified for humanitarian consideration after serving the minimum period of their sentence. “This is no different from our proposal granting medical parole to elderly persons deprived of liberty aged 70 and above, those who are terminally ill, and individuals who are severely incapacitated,” Catapang said. Under the proposed framework, qualified persons deprived of liberty (PDLs) may be allowed to serve the remainder of their sentence outside traditional prison facilities, subject to safeguards and monitoring. Such arrangements may include medical parole, home confinement, or community supervision, depending on the individual’s health condition, age, risk level, and other relevant circumstances. Catapang pointed out that several countries, including the United States, the United Kingdom, and Canada, have adopted legal frameworks for compassionate or medical parole. These systems recognize that continued incarceration of terminally ill or severely incapacitated individuals may constitute inhumane treatment and no longer serve a legitimate penal objective. Based on Bucor data provided by its Directorate for Health and Welfare Services (DHWS), as of August this year, approximately 6,074 elderly PDLs were recorded, 55 of whom were terminally ill.

Joel R. San Juan