Manila Standard - 2026 March 5 - Thursday

PBBM open to 4-day workweek

By Charles Dantes, Alena Mae S. Flores, Othel Campos and Maricel Cruz

PRESIDENT Ferdinand Marcos Jr. is open to studying a proposal for a four‑day workweek for government offices as part of broader efforts to conserve energy amid global oil price risks driven by escalating tensions in the Middle East, the Palace on Wednesday said.

House committee sends 2 VP Sara impeach raps to plenary

By Maricel V. Cruz and Katrina Manubay

THE House Committee on Justice agreed over whelmingly on Wednesday to submit to the ple nary the articles of impeachment against Vice President Sara Duterte for a vote that could de cide her political future.

Meanwhile, Duterte’s defense team said they will carefully review the House ruling that the third and fourth impeachment complaints were sufficient in form and substance. The daughter of former president Rodrigo Duterte, who announced earlier her 2028 presidential bid, was impeached last year, only for the Supreme Court to toss out the case

PRESIDENT

“Bongbong”

NEWS PACT. Newspaper publishers and the President Communications

an agreement to strengthen cooperation in combating fake news, disinformation, and misinformation yesterday at the PBS Room in Malacañang Palace.

left to right, Arjay Balinbin, Business World, Associate Editor, Luisito ‘Chito’ Lozada, Daily Tribune, Executive Editor, T. Anthony C. Cabangon, BusinessMirror, Publisher, Paolo R. Prieto, Philippine Daily Inquirer, President and Chief Executive Officer, Dave M. Gomez, PCO Acting Secretary, Herminio B. Coloma, Jr., Manila Bulletin, Publisher, Rolando Estabillo, Manila Standard, Publisher, Allen A. Macasaet, Business Insight, Publisher and Chairman, Anna Marie Ang-Thompson, The Manila Times, Chief Executive Officer and Teresa ‘Tammy’ Mendoza, The Philippine Star, Senior Vice President. Revoli Cortez

By Charles Dantes

Iran to continue war ‘for as long as we want’

judiciary chief meanwhile warned anyone aiding Iran’s enemies would “be dealt with decisively and severely,” after the United States and Israel called on Iranians to rise up against the Islam ic republic’s authorities.

With global energy prices already on the rise over the expanding war, Iran’s Revolutionary Guards said it has “complete control” of the Strait of Hormuz, the crucial chokepoint into the Gulf.

Palace bucks antidynasty jab vs. PBBM; minority junks bill

By Charles Dantes and Maricel V. Cruz MALACAÑANG on Wednesday pushed back against criticism that President Ferdinand Marcos Jr. Political Dynasty bill, after a lawmaker accused

By Charles Dantes, Maricel V. Cruz, and Rio N. Araja

MALACANANG on Wednesday slammed the remarks of a lawmaker about fantasizing and boasting over a woman, saying it could constitute a viola tion of the Safe Spaces Act and stressing that objectifying women should not be normalized or treated as a compliment.

Presidential Communications Office Undersecretary Claire Castro made the remarks during a press briefing when asked about comments attributed to Quezon City 4th District Rep. Jesus Manuel “Bong” Suntay which drew harsh criticisms from women’s groups. Meanwhile, Suntay apologized for his lewd remarks about actress Anne Curtis during the House impeachment proceedings last Tuesday.

For her part, Quezon City May or Joy Belmonte said Suntay should

The government will likewise meet this week with manufacturers of ba sic necessities and prime commodi ties (BNPCs) amid concern that rising global energy costs could push domes tic prices higher.

The House committee on ways and means, for its part, said it will prioritize a bill allowing the President to suspend or reduce the excise tax on petroleum products during national or global eco nomic emergencies.

Committee chair Marikina City Rep. Miro Quimbo filed the bill on Tuesday immediately after Mr. Marcos said he would talk to leaders of Congress to grant him authority to reduce the excise tax on petroleum products should Du bai crude exceed $80 per barrel.

During a press briefing yesterday, Presidential Communications Office

Undersecretary Claire Castro said Mr.

Marcos would consider the four day workweek suggestion if the conflict worsens and its impact on energy mar kets deepens.

“For now, the President may study such a suggestion, especially if the Israel‑Iran issue worsens. At present, however, this has not yet been discussed,” she said.

Mr. Marcos earlier directed all na tional government agencies to identify measures to curb electricity and fuel usage in their operations as part of pre cautionary steps in anticipation of dis ruptions to global oil supply and poten tial domestic price increases.

For her part, Trade secretary Ma. Cristina Roque said authorities are seeking a “win‑win” outcome that bal ances consumer protection with busi ness sustainability.

She declined though to speculate on how global developments might affect prices of local goods, noting that some of the goods currently in the market were produced before recent cost pressures.

The meeting with manufacturers is

expected to take place within the week, with clearer guidance likely after con sultations are completed, Roque said.

The Iran Iraq conflict has further pushed domestic pump prices up by P12 per liter for diesel and P6.20 per liter for gasoline to date, industry sources said.

Energy Secretary Sharon Garin said fuel prices will rise amid the Middle East crisis, but officials cannot yet provide the exact amount of next week’s increase.

The DOR earlier said it will ask oil companies to stagger next week’s price hike, but a consensus on implementa tion has not yet been reached.

The department also called on the public sector to conserve fuel in light of the petroleum supply uncertainty caused by the ongoing conflict.

In an advisory released by Garin and the Inter Agency Energy Efficiency and Conservation Committee, the DOE listed several practices government en tities must strictly implement. These include regular preventive maintenance

sultations, including those reported by Senator Risa Hontiveros.

of vehicles, adopting a standardized ve hicle monitoring system and transition ing to electric or hybrid vehicles.

The National Electrification Admin istration has also ordered electric co operatives to issue advisories to mem ber consumer owners, encouraging them to practice energy conservation.

The war sparked by the US Israeli bombing of Iran launched on Saturday has led to a sharp fall in stock markets, particularly in Europe and Asia.

Investors are concerned about a sharp rise in oil and gas prices caused by dis ruptions to supplies through the Strait of Hormuz, which handles around 20 percent of the world’s seaborne oil and liquefied natural gas shipments.

They fear a resurgence of inflation, simi lar to the rise in prices triggered by Russia’s full scale invasion of Ukraine in 2022.

Iran’s Revolutionary Guards claim they have “complete control” of the stra tegic waterway and warned that any ves sels seeking to use it risk damage from missiles or stray drones. With AFP

Israel, on the other hand, launched fresh strikes on Iran and Lebanon, where state media reported a residen tial building was hit as governments scrambled to evacuate citizens strand ed in the Middle East.

Washington encouraged all Amer icans to leave the region if they can find commercial flights, even though air travel has been severely disrupted, while governments in cluding Britain and France sent in chartered flights to get citizens out.

President Donald Trump said the US had “knocked out” Iran’s navy, along with its air force and radar sys tems, and that the US Navy was ready to escort tankers through the water way through which one fifth of glob al seaborne oil passes.

The US military said it has hit near ly 2,000 targets since first launching deadly strikes with Israel on Iran on Saturday that killed Iranian leader Ayatollah Ali Khamenei.

Saudi Arabia said it intercepted two cruise missiles, while drones struck near the US consulate in Dubai, start ing a fire, and against the US military base at Al Udeid in Qatar.

ban the impeached official from pol itics for life.

The new complaints, ruled “sufficient in substance” by a vote of 54 1, accuses her of graft and corruption while in office and of making a death threat against for mer ally President Ferdinand Marcos.

One of the complaints was filed by a group of private citizens—com posed of members of the clergy, civil society leaders, and legal practition ers—and endorsed by Senior Deputy Minority Leader and Mamamayang Liberal party list Rep. Leila de Lima.

The complainants included Rev. Fr. Joel Saballa, Rev. Fr. Joselito Sarabia, Rev. Fr. Edilberto Baculi, Rev. Fr. Roge lio del Rosario, Pastor Leonard Arevalo, Pinky Tam, Maria Loreto Lopez, lawyer Jalilo dela Torre, lawyer Democrito Bar cenas, lawyer Lourdes Barcenas, Sister Ma. Liza Ruedas, Sister Violeta Cecilio, and Sister Geraldine Denoga.

Lawyer Nathaniel Cabrera filed the other complaint, which was endorsed by House Committee on Human Rights chairman and Manila 6th District Rep. Bienvenido Abante Jr., along with Dep uty Speaker and La Union 1st District Rep. Francisco Paolo Ortega V.

The complaint centered on allega tions that she failed to fully disclose certain assets in her Statements of Assets, Liabilities and Net Worth (SALNs) and may have accumulated unexplained wealth disproportionate to her lawful income.

Under the Constitution, the Vice President may be removed from of fice for culpable violation of the Con stitution, treason, bribery, graft and corruption, other high crimes, or be trayal of public trust.

In a statement, Duterte’s counsel Michael Poa said their team will “care fully” review the actions taken by the House and the Justice committee.

“At this stage, the Vice President’s legal team will carefully review the actions taken by the House and the committee, as well as the records of the proceedings,” he added.

Duterte told reporters however, that monitoring the proceedings against her was not a priority for her office. With AFP

The bill recently cleared committee level at the House of Representatives, but some lawmakers withdrew their co sponsorship, citing disagreements with the approved version.

In a press briefing, Presidential Com munications Office Undersecretary Claire Castro said it was unfair to blame the President for differences among leg islators, particularly following remarks by Caloocan 2nd District Rep. Edgar “Egay” Erice that the measure was not genuinely an administration priority.

“Why blame the President? If he does not agree with the version from the House of Representatives, then when debates take place, he should argue his points carefully and bring out all his ar guments. Whatever the outcome, it will not be his decision alone,” Castro said. She added that crafting legislation is the responsibility of lawmakers. “It is their job to make laws, so he must work on whichever version he wants,” she said.

Castro said the President reiterated during the latest Legislative Executive Development Advisory Council meet ing that the Anti Political Dynasty bill remains a priority measure. She noted he welcomed updates on public con

According to Castro, Mr. Marcos wants the measure passed promptly, with provi sions that would address political dynasties.

Asked about the preferred level of consanguinity to be covered, she did not cite a specific degree, saying the focus is on ensuring the best possible version of the law.

The 1987 Constitution mandates Congress to prohibit political dynasties as may be defined by law, but no ena bling legislation has been enacted.

Meanwhile, minority lawmakers with drew authorship of the proposed measure after a committee approved what they de scribed as a watered down version.

The Akbayan Reform Bloc, com posed of Reps. Chel Diokno, Perci Cendaña, Dadah Kiram Ismulah, and Dinagat Islands Rep. Kaka Bag ao, ex pressed disappointment over the adop tion by the House Committee on Suf frage and Electoral Reforms of a bill they said did not genuinely consolidate various proposals.

The approved bill prohibits spouses and relatives within the second civil de gree of consanguinity or affinity from simultaneously holding certain elective positions at the national and local levels.

If enacted, the prohibition will take effect in the next election and subse quent polls.

The bloc said the committee report fell short of a fair and democratic process and disregarded key proposals, including banning political dynasties in the par ty list system and prohibiting succession among family members in elective posts.

“In light of these serious concerns, the Akbayan Reform Bloc has formally withdrawn as authors of the Committee’s consolidated report,” the group said, call ing for the measure’s return to committee level for further deliberations.

Senior Deputy Minority Leader and Mamamayang Liberal Rep. Leila de Lima also withdrew her co authorship.

“I will withdraw my co authorship of the substitute bill on Anti Political Dynasty approved at the House com mittee level. I refuse to be part of a measure institutionalizing dynasties,” De Lima said.

“Our Constitution has been promot ing this for four decades, so it cannot be mere token compliance in legislation while a few families continue to domi nate government,” she added, stressing that Congress must approve a total ban.

The Makabayan bloc likewise with drew support.

“We cannot support a bill that mere ly regulates political dynasties instead of prohibiting them, which is what the Constitution explicitly commands,” the bloc said, citing Article II, Section 26 of the 1987 Constitution.

Kuwait’s health ministry said an 11 year old girl was killed after being hit by falling shrapnel fol lowing waves of Iranian attacks across the Gulf.

The Gulf has borne the brunt of much of Tehran’s response since the US and Israel launched a massive air campaign against Iran over the week end with at least 13 people killed in the region in the fallout.

Among them are four US soldiers who have been killed in Kuwait, with the US embassy there targeted by drones while its energy infrastructure has also been hit in recent days.

“Resuscitation was performed in the ambulance while the girl was being transported to the hos pital, and attempts continued for nearly half an hour upon arrival at Al Amiri Hospital. However, she passed away due to her injuries,” said the ministry in a statement posted on X.

Sri Lanka said an Iranian navy frig ate with 180 crew sank just outside the island’s territorial waters after an explosion.

The Sri Lankan foreign minister said 32 “critically wounded” sailors had been rescued from the warship, the IRIS Dena, after it issued a dis tress call at dawn. AFP

The campaign, called “Oplan Kontra Fake News,” aims to curb the spread of false content that threatens public or der, safety, and democratic processes.

PCO Secretary Dave M. Gomez said the initiative would strengthen public trust in credible media while safe guarding press freedom.

“Disinformation thrives in dark ness—in confusion, distortion, and deliberate deceit. But truth has always been like daylight,” Gomez said.

“Just as a magnifying glass focuses sunlight to reveal what is hidden, this collaboration concentrates the light of verified information, sharpening clari ty and exposing falsehoods. In shining that light, we dispel the shadows where fake news attempts to hide,” he added.

The MOU commits signatories— Ma nila Standard, Business Mirror, Business World, Daily Tribune, Malaya Business Insight, Manila Bulletin, Philippine Dai

partnerships that will generate projects, investments and, of course, livelihood,”

Mr. Marcos said.

“In a rapidly changing world, resil ience is built not in isolation, but in partnership,” he added.

South Korean President Lee Jae Myung attended the forum, where gov ernment officials and business leaders from both countries gathered to strength en trade and industrial cooperation.

President Marcos described the agree ments as aligned with the administra tion’s push to attract high impact invest ments and position the Philippines as a competitive destination for advanced and technology driven industries.

ly Inquirer, The Manila Times, and The Philippine Star—to uphold accurate and responsible reporting while respecting editorial independence.

Under the agreement, fake news is defined as content that lacks factu al basis or is materially misleading, deliberately created or shared to de ceive, and capable of causing public harm, including panic, violence, rep utational damage, or interference in democratic processes.

Key objectives include strengthen ing verified information dissemina tion, promoting media and information literacy, enabling rapid response to disinformation during crises, and es tablishing clear channels for verifying social media claims.

The PCO has set up an Anti Fake News Desk where the public and media partners can report suspicious content.

Reports will be evaluated and, if necessary, referred to the Department of Information and Communications Technology or the Department of Jus tice for appropriate action.

“We are grateful to the Republic of Korea for being a steadfast partner in this journey. Because of the confidence that you have placed in our country, foreign direct investments have grown through the decades,” the president said.

He said sectors such as shipbuild ing and aerospace would strengthen the country’s manufacturing base, while cooperation in nuclear energy and critical minerals would support long term energy security and supply chain resilience.

Partnerships in retail, supply chains, and health and wellness, he added, would expand market access and cre ate more economic opportunities at the local level.

The president reiterated that eco nomic initiatives must translate into tangible benefits for Filipinos

through sustainable employment and inclusive growth.

The Philippines and South Korea signed 10 agreements Dantes defense, trade, agriculture, digital innovation and cultural exchanges that aims to to strengthen their strategic partnership.

Marcos Jr. welcomed the signing of the memoranda of understanding at Malacañang Palace, saying the deals would sustain the momentum of bilat eral ties elevated to a strategic partner ship in 2024.

Among the agreements signed was a memorandum of understanding be tween the Department of Information and Communications Technology and South Korea’s Ministry of Science and ICT on digital cooperation, aimed at expanding collaboration in emerging technologies and digital infrastructure.

than someone holding public office.

“There a difference if an ordinary per son does it, or if the person is supposed to be honorable,” Castro pointed out.

Vice President Sara Duterte

“Imagining or fantasizing about a woman, if it is only in one’s mind, can not be considered a crime because it is not revealed; it stays in the heart, in the mind of a man,” Castro explained.

“ But when he blurts it out and boasts in public about his fantasy of a wom an, this is definitely a sexual innuen do. This cannot be said to be without a crime. The mere fact that he said it in public, directed at a particular person, it is already covered by the Safe Spaces Act,” she added.

Castro said it cannot be argued that no offense was committed once such fantasies are publicly declared and even flaunted.

When asked whether she was per sonally offended, Castro said she was offended on behalf of all women.

She questioned whether the act would be viewed differently if done by an ordinary man on the street rather

The Palace official declined to com ment if an apology from Suntay would suffice, adding it might be better to ask Suntay himself about it. Castro also called for an end to what she described as a culture of objectify ing women.

“Women should not be made the subject of lewd remarks. Let us end the culture of objectifying women,” she stressed.

“Women are to be guided, uplifted, and respected, and not made the subject of lewd fantasies and bragged about in public,” she said.

She emphasized that women should not be made to feel grateful for being the subject of sexual remarks.

Suntay claimed however, that he had no malice and did not intend to offend women, specifically Curtis.

“While there may be some who found the analogy in bad taste, to those who were offended, I repeat: there was

The Department of Economy, Plan ning, and Development and South Ko rea’s Ministry of Foreign Affairs also signed an agreement on technology, digitalization and innovation programs. In the defense sector, the Depart ment of National Defense and South Korea’s Defense Acquisition Program Administration amended an existing implementing arrangement concern ing the procurement of certain defense materials. Another agreement between the Philippine defense department and South Korea’s Ministry of Patriots and Veterans Affairs covers cooperation in veterans affairs.

Agricultural cooperation was formal ized through an agreement between the Department of Agriculture and South Korea’s Ministry of Agriculture, Food and Rural Affairs.

no malice in my intent behind that statement,” Suntay told reporters.

“We do not wish to hurt anyone with our analogy. But if anyone was hurt, we sincerely apologize. To Ms. Anne Curtis as well, if she was offended by what was said, I repeat, there was no malice intended, and I ask for her forgiveness,” Suntay said. He admitted though that he really be lieved Curtis was “very beautiful.” Suntay narrated that he once saw Curtis in a mall, and he was stunned by her beauty, adding that he felt “hot inside” and that was all there was to it.

“But maybe, I cannot be sued for what I imagined,” he added.

“I urge Congressman Bong Suntay to apologize for the inappropriate remarks he made at a recent House committee hearing. His words directly contradict the spirit of empowerment we have worked hard to build in Quezon City,” Belmonte said in a statement.

The mayor noted that the city has long championed women’s rights through policies that promote safe spaces and equal opportunities.

IN BRIEF

Nine BOC personnel face smuggling, graft raps

NINE personnel of the Bureau of Customs (BOC) and three consignees are set to face smuggling and graft charges over the alleged illegal importation of agricultural products at the Port of Subic.

The BOC said six cases have been endorsed to the Department of Finance under Republic Act 12022, or the Anti-Agricultural Economic Sabotage Act, for review before charges are filed with the Department of Justice.

Draft criminal complaints primarily name three consignees allegedly involved in unlawful importation and misdeclaration of agricultural shipments. Nine BOC personnel are the subject of complaint-affidavits for violations of RA 12022 and Section 3 of Republic Act 3019, or the Anti-Graft and Corrupt Practices Act.

Nineteen other personnel are facing administrative charges for neglect of duty and conduct prejudicial to the service following a probe into alleged irregularities in cargo processing at the Port of Subic.

Customs Commissioner Ariel Nepomuceno said the agency would strictly enforce customs laws without exception, stressing that no one will be spared in the campaign against agricultural smuggling.

Vito Barcelo

641 Coast Guard officers promoted in donning rites

THE Philippine Coast Guard (PCG) on Tuesday, March 3, formally recognized the promotion of 641 officers in a simultaneous Donning of Ranks and Oath-Taking Ceremony at the Coast Guard Fleet Parade Ground.

The ceremony was presided over by PCG Commandant Admiral Ronnie Gil Gavan and marked a milestone for officers promoted to the ranks of Captain, Commander, Lieutenant Commander, Lieutenant, and Lieutenant Junior Grade.

The Donning of Ranks, a maritime tradition, symbolizes increased responsibility and the command’s trust in the leadership of newly promoted officers.

Of the total, 37 were promoted to Captain, four to Commander, and 101 to Lieutenant Commander, while 499 advanced from Ensign to Lieutenant Junior Grade.

Vince Lopez

PH, S. Korea enhance military ties with deals

THE Department of National Defense (DND) and its South Korean counterpart formalized two agreements aimed at honoring Filipino Korean War veterans and strengthening defense modernization efforts.

At a ceremony in Malacañang, Defense Secretary Gilberto Teodoro Jr. and South Korean Minister of Patriots and Veterans Affairs Kwon Oh-eul signed the renewal of an MOU on cooperation in veterans affairs during the state visit of President Lee Jae Myung. Teodoro said the pact would enhance tribute initiatives for Filipino Korean War veterans, promote exchanges among descendants, and strengthen administrative capacities of veterans institutions in both countries. Rex Espiritu

Año files raps against ex-marines, Baligod

By Pot Chavez N

ATIONAL Security Adviser Eduardo Año on Wednesday filed a complaint before the Department of Justice (DOJ) against lawyer Levi Baligod and 18 individuals who identified themselves as former soldiers.

In an interview with justice reporters, Año said this was the first of several

complaints he intends to file.

“I filed a case against those claiming to be ex-marines and against Atty. Baligod, along with Mike Defensor. If you remember, they included me in

the signed affidavit, and that is really malicious, fabricated, and bereft of truth,” he said.

“I have to protect my name. I have to defend my honor because I will not

sell my name to anyone or for any amount. That is really malicious,” he added. Año filed a complaint for alleged violation of Article 154, or unlawful means of publication or unlawful utterances, in relation to the Cybercrime Prevention Act of 2012.

He denied receiving a paper bag after a meeting with resigned Ako Bicol Party-list Rep. Zaldy Co, former House Speaker Martin Romualdez, and Rep. Leila de Lima, contrary to claims in the affidavit.

11 Bulacan vice mayors stranded in Dubai—DILG

By Vince Lopez and Katrina Manubay

THE Department of the Interior and Local Government (DILG) on Wednesday, March 4, said a mayor and 11 vice mayors from Bulacan are currently stranded in Dubai, United Arab Emirates, following the Israel-Iran conflict in the Middle East.

DILG Secretary Juanito Victor Remulla said the officials traveled on Feb. 25 in their personal capacity and were granted travel authority.

“Personal capacity—that’s what was stated in their application, so we allowed it. As long as no government funds are used, they will be allowed,” he said during a forum in Kapihan sa Manila Bay.

Remulla said there were 11 vice mayors and one mayor in the group.

He noted the mayor appeared not to have travel authority, but this would be verified. The vice mayors, he said, left the country with travel clearance.

So far, there has been no formal request for assistance from the local officials amid escalating tensions in

the Middle East involving the United States, Israel, and Iran.

Meanwhile, Foreign Affairs Secretary Theresa Lazaro said Israeli Foreign Minister Gideon Sa’ar extended condolences over the death of a Filipina caregiver in Tel Aviv and assured Israel’s commitment to the safety and welfare of Filipinos remaining in the country.

‘Filipinas as modern-day Babaylans’

By Maricel V. Cruz

SPEAKER Faustino G. Dy III

on Wednesday honored Filipino women as modern-day “Babaylans,” recognizing their leadership, strength, and vital role in nation-building as the country marks National Women’s Month 2026. Dy said the Babaylan—respected in pre-colonial Philippine society as women spiritual leaders and community guides—symbolizes wisdom, courage, and responsibility, qualities that continue to define Filipinas today.

“This National Women’s Month 2026, let us remember the strength that has long existed in every Filipina—the spirit of the Babaylan: a leader with wisdom, compassion, courage, and responsibility to the community,” Dy said in a video message.

He said this spirit is alive in every mother fighting for her child’s future, every female teacher shaping dreams, and every woman leader in government and other sectors. “You are proof that when women lead, development becomes more inclusive and society more resilient,” he added.

By Katrina Manubay and Rio Araja

VICE President Sara Duterte on Wednesday filed a perjury complaint against Ramil Madriaga, alleging that he falsely presented himself as a campaign supporter before later emerging as a witness in an impeachment case against her. In December 2025, Madriaga claimed in a sworn affidavit that he transported cash for the Vice President, alleging he delivered duffel bags and vehicles filled with money to various locations on orders supposedly linked to Duterte’s camp.

Duterte has denied the accusations and said she has no personal relationship with the detained former military agent. The House Committee on Justice is deliberating on the impeachment complaints against her.

Madriaga’s lawyers acknowledged the filing of the perjury complaint and said their client stands by the truthfulness of his affidavit. “Perjury is a serious criminal accusation. It should never be used as a tool to intimidate, retaliate, or silence individuals who provide sworn testimony in matters of public concern,” the Palad Lauron Palad & Te Law Firm said.

The firm stressed that perjury requires proof that a statement is false, material, and made with deliberate intent to deceive. It questioned the timing of the complaint, noting that Madriaga’s affidavit was executed and notarized on Nov. 29, 2025 and submitted in connection with impeachment proceedings. “The question naturally arises: why only now?” it said.

Madriaga, a detained kidnapping suspect, earlier alleged that Philippine Offshore Gaming Operations and drug-linked financiers funded Duterte’s 2022 campaign—claims she has strongly denied. His camp said he executed the affidavit in good faith and is prepared to answer the complaint before the proper forum.

IN BRIEF

Seven to lose licenses for drunken driving

THE Land Transportation Office is set to revoke the licenses of seven motorists who were caught driving under the influence of alcohol in Quezon City.

LTO chief Markus Lacanilao said the agency’s law enforcers submitted the list to the Intelligence and Investigation Division (IID) of those caught for drunken driving last Feb. 27 evening in Quezon City.

Based on a investigations, the seven drivers violated the AntiDrunk and Drugged Driving Act or Republic Act 10856.

They tested positive for alcohol with blood alcohol concentration beyond the legal limit.

Rio N. Araja

DepEd aims to level up teachers’ performance

THE Department of Education (DepEd) is set to launch a program that will enable teachers to enhance their performance development.

The program, called “EdLead 360,” is in line with DepEd’s goal to equip instructors with knowledge to help facilitate learning and decision-making.

EdLead 360 is also in line with the recommendations set for teachers under the Second Educational Commission (EDCOM 2), DepEd said.

“This program answers a very felt need in the Department to enhance professionalism and empower school leaders to make informed, data-driven decisions,” Education Secretary Juan Edgardo Angara said in a statement. Rolando Ng III

PDEA weeds out P9-m cannabis plants in Sulu

THE Philippine Drug Enforcement Agency (PDEA) in Region 9 has led the destruction of fully grown marijuana plants worth P9.8 million in Sulu.

The raid was carried out last March 3 in collaboration with other law enforecement agencies, in Barangay Masjid Punjungan, Kalingalan Caluang, Sulu.

The plantation covered some 3,000 square meters of farmland with about 11,500 fully grown marijuana plants.

PDEA said their principal suspect identified only as Toh, had fled prior to their arrival. Rio N. Araja

DFA: Bajo de Masinloc remains under Philippine sovereignty

By Katrina Manubay

THE Department of Foreign Affairs (DFA) on Wednesday reaffirmed that Bajo de Masinloc remains under Philippine sovereignty and jurisdiction, rejecting China’s renewed claim of “indisputable sovereignty” over the disputed territorial waters in the South China Sea.

In a press briefing, DFA spokesman for Maritime Affairs Rogelio Villanueva asserted that Bajo de Masinloc has long been under Philippine sovereignty and jurisdiction, cit-

ANTI-TAX RALLY. Members of the militant women’s group Gabriela stage a protest rally outside the Department of Finance headquarters in Manila, demanding the removal of what they describe as burdensome value-added and excise taxes amid rising tensions in the Middle East. The protest ends with rallyists throwing rotten items and paint at the department’s logo, symbolizing what they called a ‘rotten’ economic blueprint marked by overlapping and regressive taxes. Norman Cruz

ing sustained and peaceful exercises of authority by the country over the shoal.

“All these exercises of sovereignty were uninterrupted and conducted

peacefully and openly, without protest from any country until as late as 1997 when National Mapping and Resource Information Authority (NAMRIA) conducted a GPS survey of the shoal as part of its effort to identify points to be used to create the archipelagic baseline system under United Nations Convention on the Law of the Sea (UNCLOS),” Villanueva said.

He noted that the Philippines, through the DFA, has consistently protested and challenged the illegal assertions of sovereignty by other states over the territory, particularly following China’s unlawful takeover and occupation of the

Congress ratifies bill enabling dual citizens to teach in SUCs

By Maricel V. Cruz

THE House of Representatives has approved on third and final reading a measure allowing qualified dual citizens to be appointed as faculty members, researchers and administrators in state universities and colleges (SUCs).

House Bill 5019 is expected to help public higher education institutions tap a wider pool of talents, including Filipino experts who have built careers abroad.

House Majority Leader Ferdinand Alexander Marcos of Ilocos Norte, one of the principal authors, said Congress continues to deliver on a busy legislative calendar, with education and human capital measures moving steadily through the plenary.

“The House has been productive in passing several pieces of legislation that respond to real needs, and we intend to keep that pace,” Marcos said.

Other principal authors of House Bill (HB) 5019 include Reps. Ferdinand Martin Romualdez, Yedda Marie K. Romualdez, Andrew Julian K. Romualdez, Jude Acidre, and Roman Romulo.

The measure seeks to amend provisions of the Citizenship Retention and Re-acquisition Act of 2003 to carve out an exemption for dual citizens appointed to academic, research and administrative posts in SUCs, local universities and colleges, and other public higher

education institutions. Under the bill, dual citizens appointed to these posts will no longer be required to renounce the oath of allegiance they previously took in another country as a condition for their assumption of office, a change backers described as a practical adjustment that recognizes the difference between elective or policy posts and technical roles needed to strengthen teaching, research and campus administration.

China donates $1m for typhoon victims

THE Department of Social Welfare and Development (DSWD), together with the Chinese embassy in Manila, has reaffirmed its commitment to further strengthen humanitarian assistance and disaster response efforts through the ceremonial signing of handover certificates.

In his message, DSWD Secretary Rex Gatchalian emphasized that the China has consistently supported the Philippines during disasters, particularly typhoons Uwan and Tino; as well as the 6.9 and 7.2 magnitude earthquakes that hit the provinces of Cebu and Davao, prompting President Ferdinand R. Marcos Jr. to declare a national state of calamity. Following the declaration, Beijing extended a cash donation to the DSWD through the endorsement of

the Department of Foreign Affairs (DFA).

Gatchalian noted that the timely assistance provided by the Chinese embassy resulted in a more efficient delivery of social services and other forms of aid to disaster-affected families.

“We extend our deepest appreciation and sincere gratitude to the government of the People’s Republic of China for your generous donation of $1 million in support of the families affected by the recent typhoons Uwan and Tino. The support to Filipino people is made more feasible in partnership with other organizations, agencies, local government units, and assistance of generous nations,” Gatchalian said during the ceremonial handover of the cash donation from the government of China last Monday. Maricel V. Cruz

shoal in 2012 after Philippine authorities conducted the lawful arrest of poachers in the area.

In 2012, a Philippine Navy surveillance plane found eight Chinese fishing boats poaching inside the Scarborough Shoal.

The DFA’s statements came in response to allegations by the Chinese Embassy in Manila that China enjoys sovereign rights and jurisdiction over relevant maritime areas in the South China Sea and possesses historic rights over the waters, including Bajo de Masinloc, which Beijing refers to as Huangyan Dao.

PNP assesses use of assets amid gas crisis

By Vince Lopez

PHILIPPINE National Police (PNP) chief Gen. Jose Melencio Nartatez Jr. has ordered a review of the use of police mobility assets amid rising fuel prices due to the war in the Middle East. Nartatez said chiefs of police and heads of support units have been directed to assess and, if necessary, adjust vehicle deployment to cushion the impact of soaring oil price.

The review will be conducted under the guidance of the PNP Directorate for Operations and other concerned offices at the national and regional levels.

Fuel prices have skyrocketed in recent weeks, including an increase of more than P1 per liter for gasoline and diesel this week.

Analysts have warned of further hikes due to uncertainty in the Middle East, particularly ongoing air strikes in the Gulf region that could disrupt global fuel supply.

“We need to prepare and plan for this scenario without sacrificing our mandate to be more visible, more responsive and more reliable in ensuring the safety of the people in every street and community,” Nartatez said.

He stressed that peace and order initiatives will continue, noting a 25 percent decline in focus crimes in the first two months of the year.

Nartatez said the Enhanced Managing Police Operations (EMPO) framework would guide the optimization of personnel and resources.

EMPO promotes data-driven and rapid police response, and its strict implementation down to the lowest units has been credited for recent crime reductions and operational gains. While the impact of recent fuel increases remains manageable, Nartatez said the PNP must prepare for possible further price spikes.

Et maintenant

THE French classic, Et Maintenant, popularized decades ago by Gilbert Becaud and Yves Montand came to mind after discombobulating news from the Middle East blew us all from worrying only about domestic issues.

What now, my love is the beginning line of the song, though the French words simply mean “what now”. So what happens next, (a line from Evita)?

Last Friday, WTI crude was at 65.46 dollars; yesterday it was 74.09 (from the daily reports of our good friend Jonas Ravelas of the auditing firm of Reyes,Tacandong), and still going up, up and away.

How so thankful I am I reside in Manila’s fifth district, where my congressman, at least, is no-talk, refusing to be a clown in the circus

Trump thought it was going to be swift and surgical like Maduro’s capture, with the death of Khamenei and his top officials, but commanders spread throughout huge Iran are holding on, pushing buttons that send missiles not only to northern Israel’s Haifa and Tel-Aviv, but to Qatar, the UAE and Saudi Arabia. With the strategic Straits of Hormuz blocked and oil refineries in the Middle East being bombed by “to-whom-it-may-concern” Iranian missiles flying all over, no one can tell when the “war” will be over. ***

Back home, Mayor Isko Moreno on Day 2 issued an executive order directing City Hall and his 897 barangays to strictly conserve power

and cut expenditures. “Bilis-kilos” as usual, I recalled how one of our campaign proposals called for suspending the VAT and excise taxes on oil with the 2021-22 oil prices reaching record highs.

Only on Day 5 did our laid-back, chill always president follow Isko’s call on a national scale which Sen. JV Ejercito echoed in the Senate.

We may have lost in 2022, but I remain proud of the presidential candidate I supported then, as against the candidate whose mantra of unity he has broken to pieces, shattered beyond recognition, with dire political and economic consequences.

So what happens next? Where do we go from here? (Evita, otra vez) ***

In the lower House, which never since ever has been at its lowest public esteem, a courageous Egay Erice fulminated against a sham anti-dynasty bill swiftly passed by the House Committee after a series of “moro-moro” public consultations (pardon my politically incorrect description).

The bill, certified by Malacanang and authored by his own son, the majority floor leader, institutionalizes political dynasties instead of banning them.

Actions as vice-president may be scrutinized for impeachment purposes, but actions as a cabinet member is not grist for their mill, Rufus lectured, making his colleagues “nga-nga”, including that voter-rejected but Comelected “reverence” from Manila.

How so thankful I am I reside in Manila’s fifth district, where my congressman, at least, is no-talk, refusing to be a clown in the circus.

So here we are in the benighted isles, where amid dangerous times all over, clowns and trapeze artists still froth over inanities in service to a clueless “king”.

Sovereignty cannot be selective

By Jose Antonio Goitia

WHEN China’s Defense Ministry recently labeled the United States a “war addict” and condemned military strikes on Iran as a violation of sovereignty, I found the rhetoric strikingly familiar.

Beijing’s call for respect for territorial integrity and a return to dialogue is, on its face, a noble defense of international law. However, as I have often maintained, Sovereignty is not a rhetorical device. It is a universal standard. If it is invoked as a principle, it must be honored everywhere—not just when it serves a specific geopolitical narrative.

The Test of Consistency

If China maintains that sovereignty must be respected in the Middle East, it must, by the same logic, respect Philippine sovereign rights in the West Philippine Sea.

The reality on the water tells a different story. In maritime zones that international law recognizes as belonging to the Philippines, we have witnessed:

The repeated use of water cannons against Filipino vessels.

The obstruction of lawful resupply missions.

Hazardous maneuvers that endanger lives. The 2016 arbitral ruling was clear: it rejected the sweeping “nine-dash line” and affirmed our maritime entitlements.

That ruling was binding, yet China chose to ignore it. Since then, we have seen a routine normalization of patrols and the reinforcement of artificial structures in waters that are rightfully ours.

Strategy Revealed Through Action

I view these developments not as

isolated incidents, but as a clear pattern of behavior. China’s expansionism is not reactive diplomacy; it is deliberate strategic revisionism. It is executed through incremental encroachment, sustained maritime pressure, and a calculated ambiguity that seeks to redraw the map one patrol at a time.

Strategic intent is rarely shouted from the rooftops; it is demonstrated through consistency. When actions repeat—when regulations are layered upon one another and messaging aligns with aggressive conduct—the mask falls away. No formal proclamation is needed to see the direction in which Beijing is moving. We in the Philippines recognize this trajectory for exactly what it is.

If China maintains that sovereignty must be respected in the Middle East, it must, by the same logic, respect Philippine sovereign rights in the West Philippine Sea

The Credibility Gap

When a nation condemns coercion abroad while sustaining pressure within the lawful maritime zones of its neighbors, its appeal to sovereignty becomes selective. This selectivity does not just affect the Philippines; it weakens the global legal order as a whole. True authority is earned through consistency.

TBARMM at a crossroads

HE Bangsamoro political settlement is approaching a breaking point, according to two organizations closely monitoring the situation in the region: Climate Conflict Action and the Institute for Autonomy and Governance.

They are saying that what was once a divide between State and Non-State actors has shifted into internal fractures within the Moro Islamic Liberation Front (MILF) and rising tension between the MILF and the government. Leadership rifts and unease among armed combatants have surfaced, while the peace implementation process has devolved into confrontation. Hard-won gains are now visibly unraveling.

Warning signs appeared months ago: expanding horizontal conflict within the MILF, clashes among rival armed groups, and renewed violent extremism. These trends stem from a stalled normalization process, the spread of illicit weapons, political transition gridlock, and the reluctance of both Parties to confront structural weaknesses embedded in the agreement and its institutions.

First, normalization has stalled. Decommissioning of combatants and weapons remains dormant after the MILF unilaterally suspended the process, insisting that State efforts to dismantle private armies proceed in parallel.

Second, ten years after the

signing of the Comprehensive Agreement and six years after the organic law’s passage, the failure of decommissioning has enabled increasingly sophisticated weapons to circulate in the Bangsamoro region.

In the absence of elections, the MILF governed through acquiescence rather than mandate

Third, momentum is building toward yet another postponement of Bangsamoro parliamentary elections, framed as procedural necessity. The argument that holding elections alongside the 2028 national polls would shorten the governing window is being used to justify delay. In the absence of elections, the MILF governed through acquiescence rather than mandate. That fragile arrangement fractured when the State engineered a leadership change within the Bangsamoro Autonomous Region

AS OF now, it is almost certainly safe to say that the DPWH has overtaken the Bureau of Customs as the most corrupt government agency in the perception of the public.

This is mainly due to its role in the ongoing flood control corruption scandal. Before the scandal, the DPWH whose reputation has not been envious to begin, got almost all its rotten practices and trade secrets brought out into the open for the public to see.

Now, we all have a pretty good idea how corrupt officials of the agency stole and pocketed government funds. And the things that unfolded have been mind boggling.

One district engineer and his deputy for instance gambled and lost approximately P1-b in the casino and that is only part of what both stole. To add insult to injury, the district engineer after returning a fraction of the stolen funds has been taken as a state witness ensuring that he will not get his just dessert.

Knowing how tarnished the public image of the agency, the current DPWH Secretary, Vince Dizon is now trying hard and we have to give him credit for his efforts to restore some semblance of respectability and credibility to the agency.

But as he probably realizes, it will take a long time if at all for the DPWH to restore the public’s faith in the agency. As one critic said, it will take a generation to be able to do that.

That is what happens when the culture of corruption is allowed to take roots to the point that people have been made to believe that corruption is simply a necessary part of doing business in this part

A nation cannot credibly defend sovereignty in distant conflicts while undermining the lawful maritime rights of those right next door.

Our Principled Stand

This is not a matter of choosing sides between global superpowers. It is about upholding what has already been affirmed under international law.

The Philippines does not seek confrontation, nor do we wish for hostility. We seek adherence to

in Muslim Mindanao (BARMM) without counterpart agreement. Treating a political impasse as an organizational adjustment further weakened the legitimacy of an unelected administration and strained the cooperative foundations of the peace process.

A corruption crisis within the BARMM government has intensified the strain. Investigations have substantiated misuse of public funds and abuse of authority, with additional cases pending review. Corruption at this scale directly undermines the peace process and diverts resources from peace dividends.

The two NGOs monitoring the situation in BARMM suggest a number of priority actions.

These include reaffirming commitments under the Comprehensive Agreement and the Bangsamoro Organic Law; safeguarding BARMM autonomy while preserving proper executive balance; halting further election postponements and ensuring a credible vote; completing normalization targets; piloting lawful approaches to address illicit weapons and failed decommissioning; and confronting rising horizontal violence and extremism.

These are valid concerns, to be sure, and the national government should consider addressing all these to avert a possible total breakdown of the peace process in BARMM.

Rehabilitating the DPWH

of the world. Vince Dizon must realize that corruption cannot simply be eliminated by constant reshufflings, relieving officials with very bad service records or simply recruiting new graduates believing that these young professionals will be incorruptible.

Leadership by example, therefore, cannot be over emphasized in eradicating or eliminating corruption

I remember a similar case decades ago when new Philippine Military Academy graduates were assigned to the Bureau of Customs to replace corrupt customs officials. After a while, this was stopped because it was not apparently working. This is because to solve a problem like corruption, one must go to the root cause of the problem which is to erase the culture that has allowed almost everyone to turn a blind eye every time they see corruption going on. What happened to the DPWH over the years was that it came to a point that there was no longer any attempt to hide the practice. A good example of this are the so called ghost projects. Documents were prepared like bidding and auditorial reports as well as accomplishment reports but in fact there is no project to show. The money however, is

established rules. We must be clear: Economic influence does not supersede legal obligation.

Diplomatic statements do not outweigh maritime conduct.

Sovereignty must apply without exception if it is to remain meaningful.

collected and if there was never an investigations, the public would have never known about all these ghost projects. The solution therefore, is necessarily long term. In a recently published survey, the vast majority of our society believe that unless we bribe someone in government we can never get any service done allowing the practice to flourish.

At best, what Vince Dizon can do is to start a serious program in an effort to eliminate the culture that allows the practice to flourish.

This could involve constant seminars involving all levels of officials to persuade them that change is possible. In addition, he can see to it, that under his watch, all public work projects are built or constructed according to international standards.

The issue is how to rehabilitate DPWH’s reputation by being able to convince the rank and file to cooperate and be part of the effort.

This cannot be just Vince Dizon doing it all because in all probability, he will just be there for another two years. After that, if no perceptible change is happening, the whole flood control issue would have been forgotten and every one can simply go back to their merry ways.

Finally, if there is anything that I have learned in my years of government service is that leadership has a big impact when it comes to eliminating government corruption. If the rank and file sees their leader as a person of integrity practicing what he is preaching, they will tow the line.

Leadership by example, therefore, cannot be over emphasized in eradicating or eliminating corruption.

We understand the pattern and what is at stake. As a Republic that knows its rights, we must respond with clarity, discipline, and resolve. We stand firm—not in anger, but in the quiet, unshakeable conviction that the law belongs to the many, not just the mighty.

(The writer, holder of MNSA, MPA, MBAm Juris Doctor, PhD degrees, is Chairman Emeritus of Alyansa ng Bantay sa Kapayapaan at Demokrasya, People’s Alliance for Democracy and Reforms, Liga Independencia Pilipinas, and the Filipinos Do Not Yield Movement).

Texas tests party fault lines as hurting midterms begin

HOUSTON—A bruising Texas

Republican primary is advancing to a runoff vote, laying bare the struggle for control of US President Donald Trump’s party as the 2026 midterms began Tuesday, while Democrats sparred over their own direction.

Voters in the Lone Star State are choosing their US Senate candidates in races that have become a test of how both parties navigate the remainder of Trump’s second term —and a rehearsal of the internal clashes likely to shape November’s congressional elections.

Polls closed in the primary races, which have become an early gauge for both political parties of whether their voters prefer steadiness and seniority or candidates who channel anger and confrontation, even at the

cost of electability.

Texas anchored the opening slate of the primary season, with North Carolina and Arkansas also holding contests that will help shape the fight for control of Congress.

In November, voters will choose every member of the US House of Representatives and 35 of the Senate’s 100 seats -- contests that will determine whether Trump governs with a cooperative Congress or faces a Democratic majority empowered to block legislation and launch investigations.

Republicans enter the cycle defending a 53–47 Senate majority and a razor-thin House edge.

Democrats are seeking to capitalize on any backlash against Trump’s agenda. AFP

France says planning G7 finance meeting on Middle East crisis

PARIS—France is planning a meeting of G7 finance ministers on the Middle East crisis, with central bankers also in attendance, the country’s Economy and Finance Minister, Roland Lescure, said on Wednesday.

“I have spoken with various counterparts, in particular Scott Bessent, who is the US Treasury Secretary. And we agreed to hold a meeting which will take place at the beginning of next week,” he told Franceinfo radio.

“We want to let a week go by to see how the conflict develops, how the markets evolve. We’ll have the fi nance ministers and the central bank

Nepal readies for elections post-uprising

KATHMANDU—Nepal set up polling centers on Wednesday for one of its most hotly contested elections since the end of civil war in 2006, six months after deadly anti-corruption protests toppled the government.

The Himalayan republic will elect a new parliament on Thursday, replacing the interim government that has led the country of 30 million people since the September 2025 uprising in which at least 77 people were killed.

governors there as well.”

France currently holds the rotating presidency of the Group of Seven advanced economies, which also includes Canada, Germany, Italy, Japan, the United Kingdom and the

Lescure said next week’s meeting was expected to be an exchange of views.

“We’re going to listen to what is coming up from the ground, from businesses, from economists in these different parts of the world,” he added.

“The idea is to be able to discuss the state of the situation, so that we can assess any responses that might be needed, if we have to act.

“In a conflict which is currently a local conflict in one region but has global repercussions, it is obviously

in recent days led to a sharp fall in stock markets, particularly in Europe and Asia.

Since the start of the week, France’s benchmark CAC40 index has lost more than five percent. Its German equivalent, the Dax, has fallen by nearly six percent, while London’s FTSE 100 has dropped nearly four percent.

Investors are concerned about the sharp rise in hydrocarbon prices due to disruptions to supplies through the Strait of Hormuz, which handles some 20 percent of the

In the heart of the capital, at Kathmandu’s Durbar Square—a UN World Heritage site of pagoda temples and medieval splendour —election officials were erecting polling booths set to open soon after dawn on Thursday.

Sushila Karki, the interim prime minister, has urged people to vote “without any fear”.

Helicopters have flown voter materials to snowbound mountain regions across Nepal, home to eight of the world’s 10 highest peaks, including Mount Everest. But this time, attention has shifted to the hot farming plains south of the capital, where all three prime ministerial hopefuls are contesting seats -- a departure from past elections that focused on Kathmandu.

That includes the usually sleepy eastern town of Jhapa, the site of a head-to-head contest between two key rivals.

KP Sharma Oli, the 74-yearold Marxist leader ousted as prime minister last year and seeking a return to power, is being challenged in his home constituency by former Kathmandu mayor Balendra Shah, a 35-year-old rapper-turned-politician.

While nearly 19 million voters are registered nationwide, the Jhapa-5 constituency -- with around 163,000 voters -- will determine whether Oli secures his seat or whether Shah enters parliament.

Shah, from the centrist Rastriya Swatantra Party (RSP), has cast himself as a symbol of youth-driven political change, encouraging voters to “ring the bell” of change, in reference to the party symbol. AFP

WASHINGTON, DC—US Commerce Secretary Howard Lutnick has agreed to testify in the congressional inquiry of convicted sex offender Jeffrey Epstein, the chairman of the committee conducting the investigation said Tuesday.

“Secretary Lutnick has proactively agreed to appear voluntarily before the House Committee on Oversight and Government Reform,” Republican chairman James Comer said in a statement, without specifying a date.

Lutnick, a billionaire former New York financier, has faced pressure over his associations with the now-

deceased Epstein, especially after publicly released files undercut his claims of when he had severed ties with him.

In a podcast last year, Lutnick recounted moving in next door to Epstein in 2005 and receiving a house tour that left him disturbed. He and his wife decided that he would “never be in the room with that disgusting person, ever again.”

“So I was never in the room with him socially, for business or even philanthropy,” he said.

But records have emerged showing Lutnick’s plans in 2012 to meet

Epstein for lunch in Little Saint James, notoriously known as “Epstein Island.”

Lutnick confirmed in a US Senate hearing last month that he did meet with Epstein on the Caribbean island, but said his family was with him and he saw nothing untoward. The Republican-led House Oversight Committee began its investigation of Epstein and his imprisoned accomplice Ghislaine Maxwell last year, but the probe has been reinvigorated by the release of a huge trove of government files on the pair. AFP

Cuba to allow joint ventures between state, private sector

HAVANA—Cuba on Tuesday (Wednesday, Manila time) authorized partnerships between public and private companies for the first time in nearly 60 years, though the communist government will maintain a state monopoly in the health, education and defense sectors.

The government published a new law in the country’s Official Gazette, which will take effect in early April, regulating “the associations of state and non-state business entities” for “the formation of mixed limited liability companies.” These new entities will have business autonomy and can determine the number of employees and their salaries. They will also be able to open commercial establishments in Cuba and abroad.

They can carry out all types of activities “with the exception of providing health and education services or activities related to the armed forces,” the text added.

They will not be subject to the planning rules that govern much of the Cuban economy, it said. In 2021, the Cuban government authorized the opening of small and midsize private enterprises (SMEs), with up to 100 employees, in certain sectors of the economy, after a prohibition of nearly six decades. AFP

POLITICAL CONCLAVE. A security guard is seen next to a sculpture at the plaza of the Museum of the Communist Party of China in Beijing the other day, ahead of the opening of the annual session of the National People’s Congress Wednesday. China began the first of its ‘Two Sessions’ political meetings Wednesday, a grand political theater during which it will outline its annual growth target and defense budget, as well as its roadmap for the next five years. AFP

after money plane crash

LA PAZ, Bolivia—Thousands of Bolivians rushed to banks on Tuesday to exchange banknotes at risk of being mistaken for money stolen from a military plane that crashed at the weekend, AFP reporters said.

A Bolivian Air Force C-130 Hercules transport plane crashed after landing at El Alto International Airport on Friday, killing 24 people and showering the ground with banknotes. The aircraft was carrying 17.1 million notes of various denominations totaling 423 million bolivianos ($60.7 million), destined for the Central Bank of Bolivia (BCB). Bystanders rushed to the wreckage

to grab the spilt cash, prompting police to use tear gas to repel them. Around 30 percent of the money was looted, according to the government.

The BCB has cancelled all the banknotes transported on the flight, which belonged to a series containing the letter B.

But Bolivians fear the money will remain in circulation and end up being worthless while it’s still in their wallets. Meanwhile, traders are no longer accepting banknotes from earlier batches that also contain the letter B, even though they have not been cancelled. AFP

SPORTS

Lady Bulldogs buck slow start in bounce-back win vs. UE bets

SAN JOSE DEL MONTE, Bulacan —

University of the Philippines and Univer-

sity of Santo Tomas inched closer to Final Four berths after 4-1 victories over University of the East and Ateneo de Manila University, respectively, in the UAAP Season 88 Men’s Tennis Tournament on Wednesday at the Colegio San AgustinBulacan Tennis Court here.

RELENTLESSLY chased by two powerhouse rivals, Cignal is determined not only to stay on top but to move closer to clinching the first berth in the Qualifying Round in the Premier Volleyball League All-Filipino Conference.

With the Top Four picture gradually taking shape, the Super Spikers have positioned themselves strongly with a 4-2 record. Their 4 p.m. showdown against struggling ZUS Coffee at the FilOil Playtime Centre presents a prime opportunity to firm up their drive. ZUS Coffee, currently reeling from five losses against a lone win, has yet to rediscover the form that propelled it to a breakthrough runner-up finish in the Reinforced Conference. The absence of top middle blocker AC Miner due to injury has significantly hurt the Thunderbelles, especially against teams that have either maintained chemistry or strengthened their rosters.

Cignal, meanwhile, has proven that continuity can be just as lethal as reinforcements. With an intact core, a retooled system and renewed purpose, the Super Spikers have shown composure and cohesion in a cutthroat conference where every win matters.

Another victory would further solidify their grip on a coveted slot, while another loss for ZUS Coffee would virtually extinguish its Qualifying Round hopes.

Still, under the new format, no team is eliminated outright – even the last-placed squad has an opportunity to regroup, make a run and storm into the Final Four. Under the format, the top four teams will advance directly to the Qualifying Round. The No. 1 seed will face No. 4, while No. 2 will take on No. 3. The winners of these matchups will automatically advance to the semifinals. Teams ranked fifth to 10th will compete in the Play-In Stage.

The Play-In Stage will be divided into two groups: Group A (Nos. 6, 7 and 10) and Group B Nos. 5, 8 and 9).

The win marked the Fighting Maroons’ second straight, improving their record to 6-1 and tying idle National University Bulldogs for first place. The Red Warriors, meanwhile, dropped to 5-3, remaining in fourth.

UST extended its winning streak to four after defeating Ateneo, climbing to 6-2 in third place. The Blue Eagles, winless through eight ties, bowed out of Final Four contention in this tournament supported by Wilson Philippines.

UP’s Lance Fernandez emerged as the difference-maker in third singles, holding his nerve against Marc Suson, 6-2, 4-6, 6-4. After splitting the opening sets, Fernandez broke from 3-all in the decider, survived three deuces, and powered through to clinch the overall victory.

INDIAN WELLS — World number

one Carlos Alcaraz believes controlling his emotions has been the secret of his unbeaten start to 2026 as he chases a third title of the year at Indian Wells.

The 22-year-old Spanish star made history in Melbourne last month with victory at the Australian Open, becoming the youngest man ever to complete a career Grand Slam.

He followed that up by pocketing the Qatar Open and arrives in California on the back of 12 straight wins since the turn of the year.

Alcaraz, who is targeting a third Indian Wells title after wins in 2023 and 2024, says he is not dwelling on Novak Djokovic’s record 41-match winning streak from 2011.

“Obviously I know that 41, Novak holds the record,” Alcaraz told reporters on Tuesday. “You don’t realize how

“It’s confidence. It’s the first time in… like 10 or 15 years that we’re the number one seed. And it’s nice being number one. It’s the first time we’re like the big dogs now. So it’s a nice feeling to have. It’s not pressure, it’s confidence,” said Lance Fernandez, reflecting on the Fighting Maroons’ position among the league leaders this season.

“For us right now, just take it every day. Don’t look too far. Just this day, we win this day, and then we move on to the next day. And then we rest and recover and just keep a healthy mindset,” he added. “Honestly, it’s all coach. He just says point by point, game by game, match by match… and we keep ourselves humble also, even though we’re number one. Just stay humble at every point.”

UP established control early, anchored by Loucas Fernandez’s 6-1, 6-0 win over Gerald Gemida in second singles. Fernandez opened with three straight games and conceded just one before stringing together the rest to take full command of the match.

The Fighting Maroons then strengthened their lead in first doubles, where

difficult it is until you’re chasing that.

“When you’re on 12 wins, it’s like (winning) four or five more tournaments, the biggest tournaments in the world. You realize...how impressive it is.”

Alcaraz, who has already amassed seven Grand Slam titles, puts his recent success down to learning to keep his temperament in check.

“I think on the court I just I control my emotions even better,” Alcaraz said.

“I would say that was the key of, you know, the good level of tennis that I have been playing lately...I just control myself, and in a calm place I can find the solutions and I can go through.

“When I was getting mad or when I was playing bad or whatever, I just found the right way again, because I was calm.” AFP

BATANGAS silenced Binan for a long time in the fourth quarter en route to a 74-58 rout on Tuesday and a playoff slot in Group A in the 2026

MPBL (Maharlika Pilipinas Basketball League) Preseason Invitational at the Alonte Sports Arena in Binan, Laguna.

The Batangas City Tanduay Rum Masters held the Lagunenses scoreless for 6 minutes and 36 seconds and came through with 12 points to pull away, 72-48, and seal their sixth win against a loss in the nine-team group.

Ino Camboy, a prized recruit from the Mindoro Tamaraws, presided over the Rum Masters’ romp with 17 points, spiked by four triples, and 3 rebounds to earn best player honors over Rhinwill Yambing with

12 points, and Dawn Ochea with 10 points and 10 rebounds. Ced Ablaza tallied 8 points and 7 rebounds, and Jeckster Apinan had 11 rebounds, which enabled Batangas to rule the boards, 48-40. Binan could only hit 1 of 18 triple attempts and tumbled to 3-3 as only Carlo Lastimosa fired back with 12 points, 4 assists and 2 rebounds. Caloocan struck from afar in the homestretch and subdued Quezon Province, 72-60, in the second game.

The count was tight, 60-61, until the Batang Kankaloo drilled in three triples, highlighted by Eric Camson’s dagger back-to-back threes that sealed Caloocan’s fifth win against a loss in Group B.

The Batang Kankaloo converted

Raymund Goco and Carl Tan outlasted Allyson Cabanilla and Kent Morales, 6-3, 2-6, 10-4.

UE responded in first singles as JB Aguilar defeated Miguel Iglupas, 6-4, 4-6, 6-3. Andrei Jarata and Heinz Carbonilla sealed the win for the Fighting Maroons, outlasting RJ Baje and Kian Sanchez, 6-4, 6(7)-7, 10-5 in second doubles for the 4-1 final score. For UST, the turning point came in first doubles, where Steven Sonsona and Al Zayeed Baid outmaneuvered Gab Quintana and Gabby Calilung, 6-1, 6-0, securing the overall victory for the Male Tennisters.

Sebastian Santos put UST on the board with a 6-0, 6-2 win over Lukas Yupangco in third singles. Ericjay Tangub followed with a flawless performance in second singles, blanking JC Pabillore 6-0, 6-0, putting the Male Tennisters in control.

Even with the tie already decided, Ateneo’s JD Velez refused to fold, digging deep to outlast Evan Bacalso, 4-6, 7-5, 6-3 in first singles.

Non

ATIONAL University came alive after a sluggish start to sweep University of the East, 25-19, 25-10, 25-19, for a crucial bounceback win in the UAAP Season 88 Collegiate Women’s Volleyball Tournament at the Smart Araneta Coliseum on Wednesday.

Coming off a shock reverse-sweep loss to the University of the Philippines Fighting Maroons last Saturday, the Lady Bulldogs started flat and found themselves trailing 8-15 in the opening set against the Lady Warriors. However, behind Celine Marsh, Vange Alinsug, and Arah Panique, NU roared back with a decisive 17-4 run to steal the first set, 25-19. The sophomore Marsh, who got the starting nod in place of injured rookie Sam Cantada, finished with 11 points built on eight spikes, two aces, and a block, along with 12 excellent digs and four receptions.

“I never really doubted Celine’s performance. I never really feel like na malaki ‘yung mawawala kapag may isang player na hindi makakalaro kasi I have somebody else to help the team. Tulungan lang talaga kami,” said NU head coach Regine Diego on Marsh’s first start. The Lady Bulldogs never looked back, cruising through the second set, 25-10, and closing out the third, 25-19. With the win, NU improved to 4-1, claiming solo second place ahead of idle UP at 3-1.

“Nag-move on lang kami. Hindi naman doon (sa talo sa UP) natatapos ang lahat, marami pa kaming chance na baguhin at pagtrabahuhan pa ‘yung susunod na games,” said team captain Vange Alinsug, who delivered an all-around effort of 10 points, seven digs, and seven receptions. Panique also reached double figures with 12 points. Cantada, who injured her right shin during last Saturday’s five-set loss to the Fighting Maroons, was in uniform but did not see action to allow her to recover. Still, Diego remains optimistic that the Dasmariñas, Cavite native will be ready for Sunday’s showdown against Ateneo de Manila University. For UE, Van Bangayan paced the Lady Warriors with 12 points and five receptions, while Khy Cepada added 10 points, seven receptions, and six digs.

The Lady Warriors remained winless after five games and will try to break through on Saturday against undefeated De La Salle University at the same venue.

five triples in the fourth quarter, including two by Kean Baclaan and one by Dom Escobar, that pulled down the Huskers to their first loss after four wins.

Baclaan wound up with 18 points, 6 assists and 3 rebounds and was named the best player at the expense of Jammer Jamito, with 17 points, 9 rebounds, 2 steals and 2 blocks.

Esobar finished with 8 points, 4 rebounds and 2 assists for Caloocan, which inched closer to a playoff berth. The Huskers drew 10 points, 4 rebounds and 2 assists

THURSDAY, MARCH 5, 2026

RIERA U. MALLARI, Editor

RANDY M. CALUAG, Asst. Editor

EDGARD HILARIO, Asst. Editor

Spin

Doctors

rout Griffins for share of lead

Games Friday 3 p.m. – Criss Cross vs 3B 5 p.m – Savouge vs AEP-Cabstars

IN A ruthless display of precision and power, Savouge dismantled VNS Always Bright Laticrete, 25-16, 25-17, 2522, on Wednesday to seize a share of the lead in the 2026 Spikers’ Turf Open Conference at the FilOil Playtime Centre.

From the opening serve, the Spin Doctors dictated the rhythm with surgical efficiency, overwhelming the Griffins with crisp execution, relentless floor defense, and balanced scoring in a swift one-hour and 14-minute demolition job that underscored their growing cohesion.

The victory marked Savouge’s third straight – following a shutout of 3B and a four-set conquest of Alpha Insurance –tying the Spin Doctors with powerhouse Criss Cross King Crunchers atop the standings in the tournament organized by Sports Vision.

Head coach Sydney Calderon couldn’t hide his satisfaction as her squad continued to approach the level she envisioned.

“Happy ako kasi so far nasa 85 percent na kami. Nandoon na kami – talagang nag-a-adapt na kami sa system namin,” said Calderon, noting the visible strides in chemistry and discipline.

She also emphasized the stark contrast from their previous campaign.

“Sabi ko nga sa kanila, compared to our last season, sobrang laking difference. Last season, first game pa lang talo kaagad kami. Ngayon, dominant agad ang performance. Nagbunga talaga ‘yung pinaghirapan ng mga players,” added Calderon.

The Spin Doctors unloaded 47 attack points against VNS’ 31, controlled the net with a 9-6 edge in blocks, and fired three service aces while limiting their miscues.

Louie Ramirez top-scored for Savouge with 10 points on seven attacks, two kill blocks, and an ace, while Joeven Dela Vega and Giles Torres matched eight-point outputs in the quick victory.

Mark Calado added seven points, while JP Bugaoan and Louis Gamban chipped in six and five markers, respectively, as Savouge’s depth came to the fore.

THE 5150 Triathlon Guimaras firing off this weekend is more than just the first multi-sport event hosted by the premier Western Visayas island-province – it marks the official kickoff of the country’s new triathlon season and signals the beginning of a bold sports tourism campaign that will span some of the Philippines’ most breathtaking island destinations.

PSC tells athletes: Avoid non-essential travel abroad

By Randy M. Caluag

THE Philippine Sports Commission (PSC) has advised national teams and athletes to defer non-essential overseas travel due to escalating Middle East tensions that have disrupted international air routes and transit hubs.

In an advisory issued on Wednesday, the PSC cited heightened safety and security risks stemming from the evolving conflict in the region, including possible military escalation and rapidly changing travel conditions.

“The Philippine Sports Commission strongly discourages national teams, athletes, and sports personnel from undertaking non-essential travel abroad at this time,” the agency said.

The PSC said the situation poses risks not only from active hostilities but also from potential disruptions to key international flight paths serving as gateways to major sporting events. Flight cancellations, rerouting and extended layovers in

affected areas are possible, it added.

Several Philippine teams currently overseas have already encountered travel complications and are being assisted in arranging safe return flights, the commission said.

The advisory follows an incident involving members of the National Chess Federation of the Philippines (NCFP), who were stranded in Russia after airspace closures in the United Arab Emirates disrupted their travel plans.

The Philippine delegation had competed in the International Festival: Russian Chess Crown in the Moscow Region from Feb. 17 to 28. The team included IM Mark Jay Bacojo, IM Mi-

4 islands,1 vision: 5150 series elevates PH triathlon

More significantly, the 5150 Guimaras on Sunday (March 8) launches the first 5150 Triathlon Islands of the Philippines Series, a four-leg circuit that brings the globally recognized IRONMAN 5150 brand to key island-provinces across the archipelago. Organized by Sunrise Events, Inc., the series forms a central pillar of the National Sports Tourism-Inter

Agency Council’s program to position the Philippines as a premier destination for world-class sporting events.

The Philippine Sports Commission (PSC), spearheading the initiative, has made it clear: elite-level competitions will not only raise the country’s sporting profile but also spotlight its stunning natural venues. From pristine coastlines to rolling hills and scenic highways, the Philippines offers race courses unlike any other in the region.

The PSC set the tone last month with the successful staging of the Philippine Golf Championship at Wack Wack, which doubled as the opening leg of this year’s Asian Tour. Now, the spotlight shifts to endurance sports – and to the islands.

Guimaras takes first honors, offering athletes a challenging yet picturesque

1.5-kilometer swim, 40-kilometer bike ride, and 10-kilometer run – the standard Olympic-distance 5150 format. Under the leadership of Gov. Ma. Lucille Nava, the province embraces its role as trailblazer, setting the stage for what organizers envision as a long-term fixture in the endurance racing calendar.

From Western Visayas, the series heads south to Camiguin on May 3. Known as

the “Island Born of Fire,” the pearl-shaped volcanic province in northern Mindanao will host an event of this magnitude for the first time. With its dramatic landscapes, coastal roads and turquoise waters, Camiguin promises both a visual spectacle and a competitive test for participants.

The race also forms part of Gov. XJ Romualdo’s “Isles Be There Campaign,” reinforcing the province’s push as a rising eco-adventure and sports destination.

Bohol follows on July 12, celebrating a milestone 10th staging of the 5150 event.

A consistent stop in the endurance racing circuit, the Central Visayas gem has built a reputation for seamless organization, strong community support, and robust participation.

Backed by long-time partner Sun Life, Bohol’s leg underscores the sustainability and growth potential of triathlon tourism in the country.

The series concludes on Sept. 20 at Samal Island in Davao City, marking its second staging after a highly successful debut last year. With its smooth highways, white-sand beaches and vibrant local backing, Samal is poised to deliver a fitting finale to what promises to be a landmark inaugural circuit.

Fight to the death: Torcaso rallies Filipinas ahead of Korea showdown

By Peter Atencio

3-0 victory over Iran, placing them level atop Group A with Australia. The Taeguk Ladies’ strong start has given coach Shin Sang-woo optimism heading into the showdown.

“I think my players are now better adjusted to the field and tournament conditions, so I expect a better match tomorrow,” said Shin. “Every team deserves respect. The Philippines are very strong opponents. As we analyzed them, they are well organized in defense and good at counter-attacking.”

While the Matildas, under coach Joe Montemurro, prepare to take on winless Iran later in the day, the spotlight remains on the crucial Philippines-Korea encounter.

“South Korea is probably the strongest team in the competition. We’re looking forward to the challenge,” Torcaso added, as the Filipinas seek to keep their campaign alive.

Iran booters at Asian tilt worried of their families

“We are so happy that Iranian-Australians here support us,” she told Australian media.

“Obviously

Striker Sara Didar fought back tears as she spoke about their worries.

“Obviously we’re all concerned and we’re sad because of what has happened to Iran and our families and our loved ones,” the 21-year-old told reporters.

Asian football chiefs have said they were offering “full support

to reach P18.13t in January

By Thony Rose Lesaca

TPhilippine government debt reached P18.13 trillion as of the end of January 2026, up by 11.16 percent from P16.31 trillion recorded a year earlier as the state frontloaded its borrowing to lock in favorable rates.

The debt stock also rose P426.15 billion or 2.41 percent from December 2025 levels.

The Bureau of the Treasury said the January 2026 level remained sustainable despite domestic and global challenges. It said the month-on-month increase was led by a strategy to secure concessional financing terms ahead of potential market uncertainties that could hike interest costs. Domestic debt climbed to P12.32 tril-

lion, up P208.52 billion or 1.72 percent from the previous month. Government securities accounted for P208.05 billion of the total, reflecting a policy to prioritize local funding sources to limit exposure to foreign exchange risks.

Domestic obligations now comprise 68 percent of the total debt portfolio.

External debt stood at P5.81 trillion, representing 32 percent of the total. This was an increase of P217.63 billion or 3.89 percent from Decem-

ber 2025, fueled by the issuance of new global bonds and official development assistance.

A weaker peso also added P26.61 billion to the debt stock through upward revaluation of foreign currencydenominated obligations. The Treasury described the recent external borrowing as a strategic move to capitalize on a narrow window of favorable international credit conditions.

“The successful issuance of the triple-tranche global bonds highlighted sustained investor confidence in the Philippines’ creditworthiness and long-term growth prospects,” the Treasury said in a statement.

Guaranteed obligations rose slightly by P0.51 billion to P345.08 billion for the month, largely due to currency adjustments on foreign-denominated guarantees.

By Othel V. Campos

HD Hyundai Heavy Industries is expanding its shipbuilding operations in Subic Bay by adding a dedicated maintenance, repair and overhaul facility to complement its ongoing $2-billion projects at the former US naval base.

Company officials outlined plans to position the Philippines as a strategic hub for maritime security in the Indo-Pacific during the Philippines–Korea Business Forum in Manila, held during the visit of South Korean President Lee Jae-myung.

HD Hyundai Philippine Shipyard official Inho “Robin” Lee said the local unit would expand global vessel construction while establishing a dedicated MRO center. A commercial port and trading center in Subic is also scheduled to open soon.

The Philippines is a front-line state in regional maritime security and an ideal logistics and MRO hub due to its strategic location and supply chain advantages, Lee said.

The company is delivering combatant vessels for the Philippine Navy and patrol boats for the Philippine Coast Guard as part of its $2-billion commitments.

The Subic yard now occupies about 33 percent of the facility— roughly 120 football fields—and is being positioned as a core site for the group’s global expansion.

On the sidelines of the forum, the company signed a memorandum of understanding with the Technical Education and Skills Development Authority to help develop the skilled workforce required for its projects.

By Alena Mae S. Flores

MANILA Electric Co. (Meralco) is evaluating the impact of the Middle East crisis on consumer electricity rates as global fuel prices fluctuate, chairman Manuel Pangilinan said Wednesday. The country’s largest power retailer is reviewing its fuel position, specifically regarding liquefied natural gas, coal and diesel. Recent hostilities in the Middle East have pressured energy markets, particularly amid fears of a potential closure of the Strait of Hormuz. Pangilinan said on social media platform X that Meralco aims to en-

By Jenniffer B. Austria

JOLLIBEE Foods Corp. is evaluating an initial public offering of its Highlands Coffee business in Vietnam by the first quarter of 2027 to raise up to $400 million in proceeds.

The Philippine fast-food giant said in a disclosure to the stock exchange Wednesday that a listing would support the coffee chain’s next phase of growth by providing direct access to capital for expansion.

The company said the IPO would also sharpen the unit’s strategic and operational focus as a publicly traded entity and unlock shareholder value amid improving liquidity in Vietnam’s equity market.

Highlands Coffee has grown into

sure an adequate power supply and manage price volatility where possible. He said he has instructed his team to protect consumers as the cost of goods rises globally.

About 60 percent of Meralco supply is derived from natural gas, divided equally between local and imported sources. Coal accounts for 20 percent to 25 percent, renewable energy makes up 10 percent and the remaining 5 percent to 10 percent is sourced from the Wholesale Electricity Spot Market.

“It would also help if we’re mindful of our electricity consumption as the war in the Middle East continues,” Pangilinan said.

the largest coffee chain in Vietnam, expanding to nearly 1,000 stores from 56 outlets since Jollibee first invested in 2012.

“Highlands Coffee stands out as one of the most attractive growth and value creation stories within the company’s portfolio, reflecting both strategic M&A success and post-acquisition organic expansion, achieving clear market leadership as the undisputed #1 coffee chain in Vietnam,” Jollibee said.

The company said Vietnam’s equity market liquidity is among the fastestgrowing in the region. This growth is supported by accelerating retail investor participation, with the Vietnamese government targeting 11 million retail investor accounts by 2030.

Highlands Coffee has already tapped international and local advisers to study the structure and timing of the proposed offering. While Jollibee previously considered listing the unit’s holding company as early as 2019, those plans were delayed by the Covid-19 pandemic. The latest proposal involves a standalone IPO and listing of Highlands Coffee in Vietnam.

“The transaction, with target completion by the first quarter of 2027, will be subject to prevailing market conditions, completion of appropriate steps including diligence and internal restructuring, and securing all required regulatory and legal approvals across relevant jurisdictions,” Jol

libee said.

to strengthen local enterprises and lead meaningful humanitarian initiatives.

billion from $1.78 billion. The EBITDA margin improved to 66 percent from 65 percent in 2024. Excluding nonrecurring items and the impact of new and discontinued operations in the Philippines and Indonesia, net income would have grown 26 percent.

Diluted earnings per share increased 25 percent to $0.510 from $0.407 in the previous year. The company said revenue growth was led by favorable container mix and tariff adjustments, but gains were marginally reduced by unfavorable foreign exchange translation from the Mexican peso, Brazilian real and Australian dollar.

Bloomberry exits Korea gaming market

By Jenni er B. Austria

HOTEL and casino operator Bloomberry

Resorts Corp. has completed the sale of its hotel and casino property on Jeju Island, South Korea, for 10 billion South Korean won (P398 million).

Bloomberry said in a disclosure to the stock exchange that its South Korean indirect subsidiary, Golden & Luxury Co. Ltd., has completed the transfer of its gaming license and business on Jeju Island to a new company, Heaven Co. Ltd.

The buyer, renamed Blue One Ltd., has paid 7 billion won as part of the purchase price. The remaining balance of 3 billion won will be settled on or before Feb. 27, 2027.

Heaven Co. will continue operating the casino within the premises of Golden & Luxury on Jeju Island under a lease agreement while searching for a permanent site for its gaming operations. Golden & Luxury will also continue to run its hotel and food and beverage outlets at the property.

The sale marks the end of Bloomberry’s overseas gaming venture, which began in 2015 with the acquisition of the property formerly known as T.H.E. Hotel & LVegas Casino. The hotel was later rebranded as Jeju Sun Hotel & Casino.

Jeju Sun Hotel & Casino, which is five minutes from Jeju International Airport, has 208 rooms and suites, 2,125 square meters of gaming space, dining options, a bar and lounge, and an events space.

Jeju Sun registered P6.2 million of gross gaming revenue in the first six months of 2025, P45.1 million lower than the same period last year. The hotel and food and beverage operation generated revenue of P183.3 million in the first half of 2025, a slight increase of 1.1 percent.

Bloomberry has been trying to sell its casino business in South Korea, which continues to struggle following the pandemic.

Asian Terminals to delist from PSE after Maharlika tender o er

By Darwin G. Amojelar

ASIAN Terminals Inc. (ATI) is set to voluntarily delist from the Philippine Stock Exchange (PSE) after a tender offer conducted by Maharlika Investment Corp. met the required threshold.

According to preliminary results as of March 3, 2026, a total of 177,612,478 common shares, or 9.16 percent of ATI’s outstanding shares, were validly tendered. This brings the total nonpublic ownership above the 95 percent threshold necessary for voluntary delisting.

“Accordingly, the bidders anticipate the voluntary delisting of ATI

Reforms luring foreign investors back to PH

Out in the Open Ray S. Eñano

THE Philippines so far is weathering the political noise triggered by the flood control projects scandal and the noticeable stabilization efforts being waged by the opposition in mainstream and social media.

The economy grew at a slower pace in 2025 after construction slowed down but kept its growth trajectory. Inflation was tame and the economy did not stall at all. One economic indicator stood out―foreign investors are regaining their confidence on the Philippine economy.

Latest available data from the Bangko Sentral ng Pilipinas (BSP) showed that foreign direct investment (FDI) inflows in November 2025 surged to a four-month high―a strong signal that reforms under President Ferdinand Marcos Jr. are gaining traction.

FDI inflows, per the BSP report, jumped 39.7 percent to $897 million in November, up from $642 million in October, despite global market volatility and lingering external headwinds.

While year-on-year figures reflected a decline, economists stressed that the monthon-month surge points to renewed investor optimism as the country strengthens economic fundamentals.

Economist Jonathan Ravelas described the uptick as a sign that investors respond decisively to clearer policy direction and improved stability. The November rebound, he noted, reflected confidence in the Philippines’ reform trajectory amid global uncertainty.

Business leaders echoed the optimism. At the recent “Big Bold Reforms: The Philippines 2026” forum, the British Chamber of Commerce Philippines (BCCP) cited the Marcos administration’s aggressive push for digitalization and structural reforms as key drivers of investor confidence.

BCCP Executive vice chairman Chris Nelson pointed to major government initiatives―including the digital transformation of the Bureau of Internal Revenue and the Bureau of Customs―particularly the implementation of a digitized audit system and a national single-window platform for trade facilitation.

These reforms, he said, significantly enhance the ease of doing business and reduce bureaucratic friction. Nelson added that priority legislative measures such as the proposed Cybersecurity Act, Digital Payments Act and Blue Economy Act would further institutionalize reforms and position the Philippines as a competitive and investment-ready destination in Asia.

The Philippines is wellpositioned for a stronger rebound in 2026 ...

Economic managers are optimistic that as reforms deepen and infrastructure, digitalization and fiscal systems continue to modernize, the Philippines is well-positioned for a stronger rebound in 2026―reinforcing the administration’s vision of a resilient, future-ready economy.

The economy bore the brunt of the flood control scandals after the gross domestic product (GDP) grew at a slower 4 percent in the third quarter of 2025. Infrastructure projects were delayed in the third quarter in the aftermath of the controversy, with procurement and governance issues hounding them.

The controversy led to government underspending, slower project execution and a drag on construction and related services.

The government, in response, devised a catchup plan in the early part of 2026 that would accelerate public spending, especially on infrastructure.

Credit rating agencies, meanwhile, remain confident on the Philippine economy.

Debt watcher S&P Global Ratings has affirmed its investment-grade rating on the Philippines. S&P, in its latest report released at endNovember, kept its ‘BBB+/A-2’ rating on the Philippines, believing that the growth slowdown seems temporary.

“The government is continuing its fiscal consolidation, with its debt burden stabilizing. The country’s external position remains a rating strength,” said S&P, in reference to the country’s strong macroeconomic fundamentals.

“S&P’s rating decision confirms our view of the favorable long-term economic growth prospects,” said BSP Governor Eli Remolona , after a recent meeting with President Marcos to review the country’s economic outlook.

Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan , in an earlier report, said the economy remains on a growth trajectory. The third-quarter growth of 4 percent, according to him, “reminds us of the urgent need to address key challenges and strengthen our foundations for rapid, sustained and inclusive growth.”

The administration’s promise to jail key scandal figures by year-end, in addition, will help sustain investor confidence. The next FDI report, hopefully, will validate this assurance.

E-mail: rayenano@yahoo.com or extrastory2000@gmail.com

with its share trading being suspended from March 13, 2026, upon crossing of tendered shares, in accordance with voluntary delisting procedures of the PSE and all other applicable regulatory requirements,” ATI said. ATI plans to exit the local bourse by April 3, at least 60 days after filing its voluntary delisting petition in accordance with PSE rules. The delisting was overwhelmingly ratified by stockholders representing 1.75 billion common shares (90.34 percent), while 63.35 million shares (3.27 percent) voted against the move. Maharlika Investment and ATI acquired shares from public float shareholders at a tender offer price of P36

of P4.25 billion for the period from January to September last year, up 34.4 percent from P3.16 billion in the same period in 2024. Revenues for the first nine months of 2025 rose 24.4 percent to P14.70 billion from P11.81 billion in 2024.

ATI’s revenues from South Harbor international containerized cargo and Batangas Container Terminal increased by 26.6 percent and 16 percent, respectively, compared to the previous year. This growth was driven by higher container volumes, which grew by 15.9 percent and 17.5 percent, respectively.

PH stock market plunges 2% as ME tensions rattle investors

By Jenni er B. Austria

THE Philippine Stock Exchange index (PSEi) plummeted more than 2 percent Wednesday on rising tension in the Middle East. The PSEi closed at 6,307.84, down 137.54 points or 2.13 percent, while the broader all shares index ended at 3,485.62, lower by 72.09 points or 2.03 percent.

AB Capital Securities said increasing geopolitical tension between the United States and Iran has kept risk sentiment cautious. Investors were worried about the significant impact of conflict in the Middle East, particularly a steep increase in oil prices that could push the inflation rate higher. All sectors ended in negative territory, led by mining and oil, which plunged 6.37 percent. Property followed with a 2.5 percent drop, and holding firms declined 2.47 percent.

Trading volume was strong, with value turnover reaching P8.24 billion. Foreign investors, however, were net sellers, with outflows at P1.31 billion.

There were only three index gainers for the day, led by International Container Terminal Services Inc., which climbed 0.85 percent to P715. DigiPlus Interactive Corp., which has been on an upward trend in recent sessions, was the worst performer as its share price declined 8.33 percent to P16.94.

The peso closed lower at 58.57 to the U.S. dollar Wednesday, down from 58.435 on Tuesday. Stock markets across Asia were pummeled

Wednesday as investors began panic-selling on fears the Israel-US war on Iran will fan inflation and hammer the global economy.

The bloodshed’s impact on markets was felt most in Seoul, where the Kospi tanked more than 12 percent as investors unwound their tech positions built up in recent months on the back of the AI boom.

The selling came as oil prices rallied more than two percent on the fifth day of attacks on the Islamic republic, with observers warning that the choking of supplies from the Middle East could fan inflation and shatter hopes for more interest rate cuts.

US President Donald Trump pledged that if needed, the navy would escort oil tankers through the Hormuz Strait -- through which about a fifth of global oil supplies flow -- and ordered Washington to provide insurance for shipping.

On Wednesday Iran’s Revolutionary Guards said the route was “under the complete control of the Islamic Republic’s Navy”.

Iranian strikes on several neighbors threatened to broaden the conflict, while uncertainty about how long the war would take added to upward pressure on crude prices, with both main contracts climbing around three percent Wednesday. Both main contracts have soared around 15 percent since Friday, before the attacks began. Brent hit a high above $85 Tuesday and West

Google to open AI center in Germany

BERLIN—Google will open an AI center in Berlin, the latest sign of Europe’s deepening reliance on US firms in cutting edge technologies despite the continent’s stated aim to catch up with its rivals.

Germany’s ministry for digital affairs told AFP the center will bring together cloud computing and data infrastructure, “AI development” operations as well as a space for cooperation between start-ups and research centers.

Europe is struggling to gain ground in the battle for AI domi-

nance with the United States and China, which are pumping vast sums into the field and producing the most advanced models underpinning the technology.

The Google project is part of a 5.5 billion euro ($6.4 billion) investment drive into Europe’s top economy announced by the US tech titan in November, planned to include a new data center.

The firm said at the time it would renovate its Berlin office to add three floors equipped with meeting rooms, a new conference room and a demo space but made no mention of an AI center in the capital.

Chancellor Friedrich Merz’s coalition has signaled it wants to make progress in the area as part of efforts to revive the struggling economy, and there have been a flurry of announcements related to AI recently.

“I want technological leadership to once again become the core

)

This Public Hearing is being conducted in connection with the review of the Environmental Performance Report and Management Plan (EPRMP) for the Environmental Compliance Certificate (ECC) amendment application of the aforementioned project.

The Public Hearing is a formal process that is initiated, planned and conducted by the EMB-CAR that is designed to promote dialogue or communication between and among the project proponent, the EMB-CAR, relevant agencies, LGUs and other stakeholders for the purpose of exchanging information and views on the environmental impacts assessment, management and monitoring for proposed projects as part of the review of the ECC amendment application.

formal process that is initiated, planned and conducted by the EMB-CAR that is designed to promote dialogue or communication between and among the project proponent, the EMB-CAR, relevant agencies, LGUs and other stakeholders for the purpose of exchanging information and views on the environmental impacts assessment, management and monitoring for proposed projects as part of the review of the ECC amendment application.

Camiguin LGUs, EMB review luxury resort over violations

THE local government units of Camiguin and the Environmental Management Bureau (EMB) are reviewing the operations of a luxury resort in the province following reports of potential environmental and administrative violations, including wastewater management and expansion protocols.

The EMB-Region 10 (EMB-10) issued three notices to Camiguin Nouveau Resort & Villas on Feb. 10, 2026. These notices followed January inspections which, according to the bureau, indicated that the facility’s wastewater discharge exceeded certain limits and that the resort had not fulfilled specific reportorial obligations.

In response to these findings, the Mahinog municipal government has initiated an administrative review to determine the status of the resort’s business permits.

Camiguin Governor Xavier Jesus Romualdo commented on the ongoing investigation, noting the importance of large-scale developments adhering to provincial standards.

“We are observing these findings with concern. From the beginning, we have maintained that large-scale tourism in Camiguin must align with strict environmental laws. Our responsibility is to ensure that development protects the island’s unique natural environment,” said Romualdo.

According to EMB reports, the project’s construction may have exceeded the scope of its original environmental clearance.

of our economic model,” said Finance Minister Lars Klingbeil last month at the opening of an industrial AI hub, spearheaded by German telecoms giant Deutsche Telekom and US chip juggernaut Nvidia.

But while efforts are being made to build up infrastructure and data storage capacities, the “challenges are enormous” for Germany, said Janis Hecker of the digital business association Bitkom.

The government still “underestimates the importance of these technologies for value creation, but also for sovereignty and the defense of our values,” he said.

The United States builds more computing capacity each year than Germany has in total, the group says.

According to its calculations, one-thousandth of the proposed central government budget for 2026 is dedicated to AI, and only a fraction of a massive pot of funding to modernize the country’s infrastructure is dedicated to cutting-edge technologies. AFP

NOTICE OF DISSOLUTION

DEAR STOCKHOLDERS:

Please take notice that the Annual Stockholders Meeting of Allied Care Experts (ACE) Dumaguete Doctors Inc. [“ACE-Dumaguete”] has been set to July 2, 2026 [instead of 1st Sunday of May], at 8:00 o’clock in the morning, via zoom webinar. The agenda of the meeting shall be sent pursuant to the Corporation’s Bylaws.

In line with the election of the members of the Board of Directors to be conducted in the annual meeting, please submit your nominations together with the curriculum vitae of the nominee on or before March 31, 2026, to the Office of the Corporate Secretary at 8th Floor, ACE-Dumaguete Doctors, F. Cimafranca St. Daro, Dumaguete City. The nomination form is available at the website of the Corporation at www.aceddi.com. You may contact the undersigned via email at acedumaguetedoctors@ yahoo.com.ph or through telephone numbers (035) 523-5957 Loc. 813/802/805 regarding the meeting.

Very truly yours,

Very truly yours, Aejeleth B. Eyas, MD Asst. Corporate Secretary NOTICE

CORPORATE GOVERNANCE AND FINANCE DEPARTMENT

SEC-CGFD 0rder No. 21 Series of 2026

UNITIZED CORPORATE DEBT -Issuer-

: : : Amendment of Simplified Prospectus for the Offering of 1,000,000,000 units of participation (ACDF-2 Unit Class)

ORDER

NOTICE OF AFFIDAVIT OF LOSS

Notice is hereby given that JASMIN R. SALAO of 2401 Pioneer Highlands, Madison Street, Mandaluyong City, having been sworn on oath, declares that the Original Certificate of Ownership of the memorial lot located at Loyola Memorial Park Marikina under Contract No. 061076, dated August 26, 1996, particularly described as Block 75 Section C, Lot A-H in the Court of Meditation Estates can no longer be found despite diligent efforts to locate the said Certificate.

On 27 January 2023, the Commission issued an Order1 confirming as an exempt transaction the offering of the Fifty Billion (50,000,000,000) units of participation of ATRAM Unitized Corporate Debt Vehicle, Inc. (the “Company”), with an initial net asset value per unit (NAVpu) OF One Peso (Php1.00). The Order also approved the Simplified Prospectus and other documents attached thereto related to its initial One Billion (1,000,000,000) units of participation, referred to as ACDF-1.

On 31 October 2024, the Company notified the Commission of the offering of its second tranche, referred to as ACDF-2, consisting of One Billion (1,000,000,000) units of participation. The corresponding filing fee of the second offering amounting to Ten Thousand One Hundred Pesos (Php 10,100.00), inclusive of 1% Legal Research Fee, was paid by the Company on 11 April 2025 under SEC electronic Official Receipt No. 20250411-LBP-0046123-20, in compliance with Section 4(b) of the SEC Memorandum Circular No. 23, Series of 2020 or the Rules on Corporate Debt Vehicle. Subsequently, SEC CGFD Order No. 90, Series of 2025, dated 23 October 2025, was issued by the Commission approving the offering of ACDF-2

of participation. The corresponding filing fee of the second offering amounting Thousand One Hundred Pesos (Php 10,100.00), inclusive of 1% Legal

paid by the Company on 11 April 2025 under SEC electronic Official Receipt 20250411-LBP-0046123-20, in compliance with Section 4(b) of the SEC Memorandum Circular No. 23, Series of 2020 or the Rules on Corporate Debt Vehicle. Subsequently, SEC CGFD Order No. 90, Series of 2025, dated 23 October 2025, was issued Commission approving the offering of ACDF-2

On 13 February 2026, the Company requested approval of its Amended Simplified Prospectus in relation to its second tranche (ACDF-2) to reflect the following

On 13 February 2026, the Company requested approval of its Amended Simplified Prospectus in relation to its second tranche (ACDF-2) to reflect the following material changes:

Extension of the Offer Period of ACDF-2 to 20 July 2026, subject to the provisions on shortening of the Offer Period based on market demand, as provided in the Amended Simplified Prospectus; and Reduction in the Management, Distribution and Service fees applicable to

1. Extension of the Offer Period of ACDF-2 to 20 July 2026, subject to the provisions on shortening of the Offer Period based on market demand, as provided Amended Simplified Prospectus; and 2. Reduction in the Management, Distribution and Service fees applicable ACDF-2 as follows:

SEC-CGFD Order No. 01, Series of 2023. Floor, The SEC Headquarters, 7907 Makati Avenue Salcedo Village, Bel-air, Makati City (+63 2) 8818-5952 | imessage.gov.ph www.sec.gov.ph | cgfd@sec.gov.ph | cgfd_ld@sec.gov.ph

SEC-CGFD Order No. 01, Series of 2023. Floor, The SEC Headquarters, 7907 Makati Avenue Salcedo Village, Bel-air, Makati City (+63 2) 8818-5952 | imessage.gov.ph www.sec.gov.ph | cgfd@sec.gov.ph | cgfd_ld@sec.gov.ph https://linktr.ee/secphilippines

Top Line’s income rises 21% on higher fuel volume

commercial trading while expanding retail presence is building a more diversified and scalable business.

Gross profit margin improved to 9.34 percent in 2025 from 8.57 percent in 2024. Commercial fuel sales, the company’s primary revenue driver, rose 28 percent to 92.65 million liters, generating P3.98 billion in revenues.

The group’s retail subsidiary, Light Fuels Corp., recorded a 126-percent surge in volume to 3.63 million liters. Retail revenues for the unit jumped 153 percent to P205.73 million as

IN BRIEF

Landbank registers record P43.98-b profit

STATE-RUN Land Bank of the Philippines reported its strongest financial performance to date in 2025, posting a 24 percent yearon-year increase in net income to P43.98 billion. The record earnings were led by broadbased portfolio growth and proactive risk management, allowing the lender to significantly expand its financing for agriculture, fisheries and rural development.

The bank said it directed 53.5 percent of its total loan portfolio toward the agricultural sector, reaching P896.61 billion by the end of 2025. The 9-percent increase from the previous year reinforces the institution’s position as the largest provider of agricultural credit in the country. To sustain this momentum, the bank opened 2026 by issuing P50 billion in Agriculture, Sustainability, Environment, and Socioeconomic Development (ASENSO) Bonds, which saw strong market uptake. Finance Secretary and Landbank chair Frederick Go said the landmark performance reinforces the bank’s role in expanding affordable financing and supporting priority sectors. “As a state-run institution, LANDBANK continues to be a key partner in advancing the economy and ensuring that support reaches the grassroots,” Go said.

The lender’s growth translated into direct support for 4.26 million small farmers and fishers through various lending and training programs. Its flagship AGRISENSO Plus Lending Program, which offers interest rates as low as 3 percent per annum, released P3.03 billion in loans to more than 14,500 borrowers by the end of 2025.

Chevron invests $3.1m to upgrade Cebu terminal CHEVRON Corp. said it invested $3.1 million to upgrade its Lapu-Lapu City terminal in Cebu, opening the facility to international fuel trade and domestic vessel loading. The investment increased the terminal’s storage capacity to 150,000 barrels, or about 24 million liters, and is expected to

unlock roughly $1 million in annual value.

The terminal welcomed its first international import vessel, the MT CHANG HANG FEI YUE, carrying fuel products from South Korea. The successful arrival followed collaboration between the company and government agencies to ensure safe operations.

Located in a highly urbanized area of Central Visayas, the Lapu-Lapu terminal serves as a logistics hub for cities driven by manufacturing, transportation and tourism.

Company officials said the upgraded infrastructure provides a more reliable fuel supply for retailers and business partners in the region.

The project follows a series of lease renewals signed by Chevron Philippines Inc. nearly a year ago for properties in Batangas, La Union and Davao City.

The company, which markets the Caltex brand, has committed to funding energy infrastructure at these sites to maintain operational safety.

EastWest integrates card with Google Pay

EASTWEST Banking Corp. announced Wednesday the integration of the EastWest Debit Card with Google Pay, allowing cardholders to add their cards to Google Wallet to complete transactions without a physical card.

The move follows the bank’s earlier rollout of credit card support on Google Pay and expands access to cashless payments for both debit and credit cardholders.

“By enabling EastWest Debit Cards on Google Pay, we are giving our customers an easier way to pay — one that fits naturally into how they live, travel, and shop today.

This is part of our broader commitment to deliver secure, globally competitive digital solutions for Filipinos,” EastWest chief executive Jerry Ngo said.

EastWest Visa Infinite Debit cardholders receive benefits including foreign exchange fees of 1.7 percent, waived interbank domestic withdrawal fees, up to 10 free international ATM withdrawals per year and 24/7 access to Visa Infinite Concierge services for travel planning.

The bank is also offering no foreign exchange bank conversion fees and free, unlimited international ATM withdrawals until March 31, 2026. Thony Rose Lesaca

the company expanded its station network.

Top Line senior vice-president and chief operating officer Brigitte Carmel Lim said that while commercial trading remains the core driver, the triple-digit retail growth underscores the demand potential for Light Fuels.

She said the company is positioning itself for resilient growth as it renovates acquired stations.

In the fourth quarter of 2025,

Top Line generated P1.10 billion in revenues, up 17 percent from P936.40 million in the same period in 2024. Total fuel volume for the quarter reached 27.52 million liters.

Jenniffer B. Austria

By Jenniffer B. Austria

The bonds, which include an oversubscription option, will have a tenor of 1.5 years.

The issuance is part of the bank’s P154.5 billion bond and commercial paper program, which falls under a larger P200 billion program approved by its board in December 2021. Proceeds from the sale will be used to diversify funding sources and support lending operations.

The bank said funds will be allocated to finance or refinance eligible assets under its sustainable finance framework.

Metrobank follows other major Philippine lenders like BDO Unibank Inc., Bank of the Philippine Islands and LandBank of the Philippines, which have raised a combined P200 billion through sustainability-linked

FINANCIAL TIE-UP. Executives of InLife and Seafaring Family International (SeaFam) sign a strategic partnership to strengthen financial education and access to protection solutions for the Filipino seafaring community. The collaboration brings together InLife’s financial expertise and SeaFam’s strong community network to deliver financial literacy initiatives, guidance sessions and access to insurance solutions designed to support the long-term well-being of seafarers’ families.

bonds since the start of the year. Rizal Commercial Banking Corp has also indicated plans for a similar issuance.

The lender reported a net income of P49.7 billion in 2025, led by asset expansion and resilient margins. Pre-provision operating profit rose 17.1 percent to P78.4 billion. Due to its capital position, the board recently approved a total cash dividend of P5 per share for 2026.

Moody’s Investors Service rates the bank Baa2 while Fitch Ratings maintains a BBB- rating, both with stable outlooks.

Metrobank appointed First Metro Investment Corp, ING Bank NV Manila Branch and Standard Chartered Bank as joint lead managers and joint bookrunners for the transaction.

Salmon Bank secures P400-m capital boost

By Thony Rose Lesaca

SALMON Bank said on it secured P400 million in additional capital from its controlling shareholder, Salmon Group Ltd., to strengthen its equity base for asset growth and the rollout of new products.

The investment is expected to be completed by the end of March 2026 and will raise the bank’s equity capital to P1.6 billion. The transaction brings the total capital infusion from Salmon Group to P1.3 billion.

By Darwin G. Amojelar

SMART Communications Inc. and partner Lynk Global have completed new direct-to-device satellite field tests in Ilocos Norte, the companies said Wednesday.

The trials targeted the coastal towns of Burgos, Bangui and Pagudpud. These areas face the West Philippine Sea and typically struggle with limited terrestrial mobile coverage due to their remote locations.

Following previous demonstrations in Catanduanes, the geographic extension underscores the pilot program’s potential to provide critical connectivity to geographically isolated and disadvantaged areas across the archipelago.

The technology is designed to allow standard mobile phones to connect directly to satellites without

By Alena Mae S. Flores

MIDDLE East hostilities present a significant opportunity for the solar rooftop industry as geopolitical tensions highlight the risks of fossil fuel dependency, the Asian PV Industry Association (APVIA) said Wednesday.

The group said market volatility serves as a reminder that energy security is economic security.

APVIA chair Tetchi Capellan said the solar industry in both Asia and the Philippines views the current crisis as a catalyst for a transition toward cleaner power sources.

“Solar rooftop technology is one

the need for specialized hardware or modified handsets.

Smart said the service is envisioned as a complementary layer to its nationwide mobile network, specifically to provide a lifeline during natural disasters when traditional ground infrastructure may be compromised.

“Connecting the unconnected has always been at the heart of our mission,” PLDT chief operating officer and network head Menardo Jimenez said.

“The Philippines is an archipelago and it can be challenging to reach many of our communities, particularly in geographically isolated and disadvantaged areas with traditional towers,” he said.

Jimenez said the technology allows the company to overcome physical limitations to serve the country’s 7,641 islands.

of the most efficient ways to convert abundant, locally sourced resources into dispatchable clean energy,” Capellan said.

The association said solar energy systems are modular and quick to install, providing an immediate alternative to rising electricity costs.

Capellan said that by pairing these systems with advanced energy storage, consumers can selfgenerate electricity, “peak shave,” mitigate the impact of price surges and ensure an uninterrupted power supply.

Capellan said the crisis presents an opportune time to accelerate the adoption of solar-plus-storage to

On a pro-forma basis, the additional funding will lift the bank’s total stockholders equity to P1.6 billion and improve its Core Equity Tier 1 Ratio to 23.1 percent. Its overall Tier 1 Ratio is also projected to improve to 29.2 percent.

Salmon Bank chairman Raffy Montemayor said 2025 was a breakout year for the lender characterized by strong governance and capital discipline.

“This additional funding enables us to continue that momentum in 2026 —as we grow responsibly and deliver game-changing services that elevate the way Filipinos bank,” Montemayor said.

The bank reported that it more than doubled its client base in 2025 because of strong demand for its deposit products. Its gross non-performing loans ratio in the fourth quarter of 2025 was 2.1 percent.

provide community stability and decarbonization. APVIA called on the government to act with dispatch and immediately convene a meeting among stakeholders to simplify the solar rooftop permitting process in local government units. The group also urged the acceleration of net metering implementation among electric cooperatives.

It also called for an amendment to the Board of Investments incentive scheme. The group said such changes would encourage installers and developers to aggressively roll out alternative solutions to traditional power supply systems.

FFCAP hosts China–ASEAN delegation

China donates $1m for disaster response in PH

THE government of the People’s Republic of China donated $1 million in cash to the Philippines as humanitarian aid for families affected by destructive typhoons that struck the country last year.

Chinese Ambassador Jing Quan and Department of Social Welfare and Development Secretary Rex Gatchalian led the ceremonial signing of the handover certificate at the DSWD central office in Quezon City on March 2, 2026. The funds were delivered in December and are being followed by 10 million RMB in emergency supplies currently being prepared for distribution.

Gatchalian cited China’s consistent support during recent disasters, including typhoons Uwan and Tino and the powerful earthquakes that struck Cebu and Davao.

“This act of kindness reflects the true spirit of humanity and partnership between our nations. With partners like you, the DSWD is empowered to reach farther, respond faster, serve better, and help restore hope to communities striving for their recovery,” Gatchalian said.

Jing said the assistance was prompted by the severe impact of Severe Tropical Storm Tino and Super Typhoon Uwan, which inflicted extensive damage and casualties.

China donates $1 million in cash and 10 million RMB in supplies to the Philippines for typhoon relief during a ceremony at the DSWD office in Quezon City.

“We felt your pain as our own and expressed our deepest sympathy and condolences. To show our deep friendship and humanitarian care, the Chinese government decided to provide one million dollars in cash and 10 million RMB in emergency supplies,” Jing said. The ambassador noted that, in addition to assistance from the Chinese government, local Chinese governments, Chinese businesses in the Philippines and Filipino-Chinese communities also contributed donations and relief supplies. Michael Wong Ho

Filipino artists showcase works at China exhibit

By Julie Ann Lope

ABOUT 13 Filipino artists from cities across China and the Philippines presented 14 artworks at the ASEAN Culture and Art Creation Season VI International Exhibition recently held in the Jimei District of Xiamen.

The exhibition, themed “Harmony and Coexistence, Art Connecting the Maritime Silk Road,” took place at the ASEAN Culture and Economic Exchange Center (ACEEC) 2nd floor Exhibition Hall. Philippine Consulate General in Xiamen Consul General Winston Dean Almeda led a delegation to the opening ceremony.

The annual event invites visual artists from the Philippines and around the world to display and sell their pieces. This year’s participants included artists based in Beijing, Guangzhou, Huizhou, Manila, Quanzhou and Xiamen.

The Philippine collection featured “Balangay” by Jose Noel “Bong Ants” Antivola and Rhio Mata; “Breathe” by Allan Mesina Vibar and Jim Karlos Bayanin; “Bird Watching Series 1” and “Dreamweaver” by Michelle Diwa; and “Golden Dusk and City Spirits” by Marvic Gile. Other works included “Inheriting the Mountains” by Dexter Cinco, “Majestic Plumage 2” by Crishaira

By Michael Wong Ho

CHINA-ASEAN

Center secretary general Shi Zhongjun and ASEANChina Association for the Promotion of Industrial Cooperation and Development executive president Liao Bin visited the Federation of Filipino Chinese Associations of the Philippines Foundation Inc. (FFCAP) on Jan. 27, 2026 to discuss deepening regional business cooperation.

The meeting focused on China–Philippine economic synergy and industrial collaboration as the Philippines prepares to lead the region as the 2026 ASEAN rotating chair. Both parties reached a broad consensus on strengthening practical ties through trade and people-topeople exchanges.

The delegations and FFCAP leadership exchanged souvenirs during the visit, following local business etiquette to emphasize the personal connections underlying regional diplomacy.

Thirteen Filipino artists showcase works at the ASEAN Culture and Art Creation Season VI in Xiamen, China, highlighting the theme of Maritime Silk Road connectivity.

Pelino-Bode, “Majesty of the Wild” by Romer Ian Aranas, “Meeting at the Shore” by Jomar Dulogan, “Ocean’s Symphony” by Fernando Regencia, “Philippine, Masskara Festival Portrait” and “Whispers from the Deep” by Virgilio Romel Reyes, and “Threads of the Tide I” and “Threads of the Tide III” by Mary Joy Ann Tuaño.

Shi outlined the center’s core plans for 2026, noting its role in using intergovernmental advantages to provide policy support for enterprises.

“The center will leverage its position to provide facilitation for Chinese and Filipino enterprises,” Shi said. He called for intensified investment and industrial innovation, noting the Philippines’ vital role in regional integration during its chairmanship.

Liao detailed prospects for industrial complementarity, suggesting his organization coordinate Chinese investment in green energy, modern agriculture and cultural tourism.

Liao also advocated for the development of smart and zerocarbon industrial parks and supported the digital transformation of small and medium-sized enterprises.

Medical mission benefits 685 Navotas residents

THE Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) Social Responsibility Committee provided medical services to 685 residents during an outreach program in Navotas City on Feb. 8, 2026.

The initiative, held at the invitation of the Navotas San Rafael Filipino Chinese Chamber of Commerce, mobilized a volunteer team of 8 doctors and 10 dentists.

The mission provided treatment to 400 patients, completed 85 tooth ex tractions and distributed 200 pairs of reading glasses to elderly residents. Navotas San Rafael Filipino Chinese

The Taiwan Acrobatic Troupe performs ‘The Vibrant Taiwan’ at the University of Santo Tomas in Manila as part of the 2026 Lunar New Year Goodwill Mission to the Philippines.

THE Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) will host the ASEAN-Chinese Business Leaders Summit in Metro Manila from Oct. 18 to 20 to leverage the 2026 ASEAN Chairship of the Philippines to attract foreign direct investment and boost tourism.

FFCCCII president Victor Lim

Distinguished guests at the ceremony included Singapore Consul General Chng Tze Chia, Thailand Consul General Sasarak Sasivanij, Fujian Provincial Federation of Literary and Art Circles Lu Kaijin, China Federation of Literary and Art Circles International Liaison Department Zhu Mengyu and CPC Jimei District Committee Publicity Department Director General Zhuang Zhihui.

Chamber of Commerce chairman Wu Ying Duo accompanied the FFCCCII volunteers along with other chamber staff to oversee the operations.

To support the logistics of the event, the Navotas San Rafael Filipino Chinese Chamber of Commerce donated P50,000.

The exhibition also featured international artists from Argentina, Armenia, Bangladesh, Cambodia, India, Indonesia, Malaysia, Moldova, Serbia, Spain, Thailand, Russia and the United States.

FFCAP representatives and the visiting officials committed to following up on specific initiatives to deepen bilateral commercial ties throughout 2026.

Taiwan acrobatic troupe performs at UST in Manila

THE Taiwan Overseas Community Affairs Council (OCAC) brought a cultural showcase to the Philippine capital on Feb. 27 as part of its 2026 Lunar New Year Goodwill Mission Asia Tour to strengthen ties through artistic diplomacy.

The Taiwan Acrobatic Troupe of the National College of Performing Arts performed at the University of Santo Tomas (UST) Frassati Auditorium for an audience of 500 people.

FFCCCII to host ASEAN-Chinese business summit

Mission head of delegation Yichuan Yang said the production required more than three months of preparation to integrate traditional skills, live music and digital stage design to showcase Taiwan’s artistic soft power.

TECO in the Philippines Rep. Wallace Minn-Gan Chow said the mission reflects a commitment to cultural diplomacy.

“Through performances like this, we share the joy of the Lunar New Year while deepening people-topeople connections between Taiwan and the Philippines,” Chow said.

The summit follows the inaugural 2025 edition in Petaling Jaya, Malaysia which drew 600 delegates and honored Charoen Pokphand Group Senior Chairman Dhanin Chearavanont with the ASEAN Honorable Business Icon Award.

“This is a golden opportunity to showcase the best of the Philippines,” Lim said.

said in a statement that the event aims to position the private sector as a bridge between Southeast Asia and global markets.

The 3-day summit will emphasize driving foreign direct investment (FDI), expanding two-way trade and integrating micro, small and medium enterprises into regional value chains. Lim said the timing coincides with the 5th anniversary of the ASEANChina Comprehensive Strategic Partnership and the continued implementation of the Regional Comprehensive Economic Partnership (RCEP). Julie Ann Lope

Attendees included Taiwanese community members, faculty, students and officials from the Manila Economic and Cultural Office (MECO) and the Taipei Economic and Cultural Office (TECO).

The production, titled “The Vibrant Taiwan,” utilized four segments to blend traditional acrobatics with violin, contemporary dance and multimedia imagery. The performance sections included “Origins,” “The First Light,” “Y2K Heartbeat: The Sound of the Future” and “Glimmering City, Artistic Taiwan.”

“Culture is a powerful bridge that strengthens mutual understanding and friendship,” he said. UST secretary-general Rev. Fr. Louie Coronel welcomed the delegation and highlighted the university’s focus on fostering global partnerships through education.

MECO director Brigitte Villaluz expressed appreciation for the ongoing exchanges between the 2 communities. Julie Ann Lope

THURSDAY, MARCH 5, 2026

lifeandshow.manilastandard@gmail.com

NICKIE WANG, Editor

ANGELICA VILLANUEVA, Writer

JASPER VALDEZ, Writer

By Angelica Villanueva

ACTRESS Jasmine Curtis criticized Quezon City Representative Bong Suntay after the lawmaker made “risqué” remarks about her sister, actress Anne Curtis, during a House hearing earlier this week.

On Tuesday, March 3, Jasmine took to her X and Facebook accounts to express her anger and disappointment over Suntay’s statement made during a House justice committee hearing on impeachment complaints against Vice President Sara Duterte During the hearing, Suntay recalled seeing Anne at a mall and admitted imagining “what could happen,” saying he felt “desire” but that it remained only in his imagination. Reacting to the remark, Jasmine wrote on X, “RESPECTFULLY, BONG SUNTAY, WHAT ON EARTH??? BAKIT GANON ANG THINKING? WHAT A DISGUSTING

SHOWBIZ

Jasmine Curtis slams lawmaker over ‘risque’ remark about Anne Curtis

MAN. A FATHER. A HUSBAND.”

In a longer Facebook post, Jasmine said the issue went beyond her sister and reflected a broader problem about how women are treated in public spaces dominated by men.

“This moment is not about one female celebrity. It is about how ALL WOMEN, regardless of profession, continue to be reduced to bodies in spaces dominated by men in power,” she wrote. She stressed that comments framed as compliments can still be harmful.

“It reinforces a culture that treats women as consumable, as spectacle, as fantasy, as objects for commentary rather than as whole human beings with agency, intellect, and autonomy,” Jasmine added.

A docu Paul McCartney deserves

T“While may mga tao siguro that found the analogy in bad taste, doon sa mga na-offend tayo inuulit ko walang malice doon sa ninais natin gawin sa statement na yan. Ayaw natin makasakit sa analogy na iyon pero kung nasaktan humihingi tayo ng dispensa,” Suntay continued.

Suntay also explained that he used Anne’s name spontaneously while trying to make an analogy.

Kay Ms. Anne Curtis rin, kung nasaktan siya sa sinabi, ulitin ko, there was no malice intended at ayaw naming hingi ng depensa sa kanya. Pero well, it was a fictitious situation na ating ginawa, isa lang ang totoo doon, yung sinabi kong ang ganda-ganda niya. Talaga namang maganda siya,” he went on.

“Respect is not complicated. If we want safer environments for our daughters, nieces, and future leaders, accountability must begin with those elected to represent us,” she continued. In an ambush interview, Suntay addressed the issue, saying the statement was not meant to carry malicious intent.

HE world owes Sir Paul McCartney more than any musician in the modern era. It’s a statement not disrespecting the saintly John Lennon , nor Beatle dark horse George Harrison

It’s just that Paul, even in his days as a Beatle actively working with the two and their beloved drummer Ringo Starr , did more than anyone in their circle to keep the band going, like conceptualizing and contributing the most to the influential and innovative Sgt. Pepper ’s Lonely Hearts Club Band album after they became solely studio musicians.

As Ringo attested, he’d be the one

calling them to go to work or get back to their roots, which spawned the Let It Be sessions that led to the famous rooftop gig.

All this apart from coming up with some of the prettiest Beatles songs during the era they revolutionized: “Yesterday,” “And I Love Her,” “Michelle,” “Here There and Everywhere,” “Eleanor Rigby,” “The Long and Winding Road,” “Let It Be,” and “Hey Jude.” Just

S N A P S H O T

this lineup of songs says it all.

So, the new documentary Man On The Run getting 100 percent on Rotten Tomatoes is a well-deserved nod to the life and character of the man surviving and still excelling outside of The Beatles’ active years.

I’ve seen the film directed by Morgan Neville on Amazon Prime Video, which made it available beginning last Feb. 27, the same day the soundtrack and compilation

album were released. Neville won an Academy Award for his documentary about background singers called 20 Feet from Stardom.

Man On The Run follows Paul McCartney’s post-Beatles journey, showing how he kept creating while John and George stepped back from the spotlight. Forming Wings with his wife Linda and Denny Laine , Paul produced hits like “Live and Let Die” and toured extensively, redefining what a post-Beatles career could look like.

The film highlights Paul’s pursuit of “personal peace,” showing how he recharged on his farm even amid rumors he had died. Wings, though often compared to The Beatles, carved its own identity, with Linda contributing as a supportive partner rather than a Beatle-status member.

The documentary also showcases classic tracks like My Love and explores band dynamics, emphasizing Linda’s role in sustaining Paul’s creativity and sanity—a partnership distinct from John and Yoko, whose relationship operated on more equal, often confrontational terms.

Was there a point in forming Wings

when Paul could have just paid session musicians and credited everything to Paul McCartney? My takeaway is that he was not yet really done being a Beatle, or that life enjoyed in a band setup, making music and joking while filling up the room. Going solo can be eerily isolating.

Man On The Run may just be the definitive docu about Paul, as it includes episodes that needed to be there, like him getting jailed in Japan for a number of days, or that day when Saturday Night Live jokingly offered $3,000 for a Beatles reunion and Paul and John, who happened to be together in New York at the time, almost decided to take a cab and appear on the show.

Poignantly, it showed that moment Paul was ambushed for an interview right after Lennon was shot. We could see he was a bit disoriented while responding to the questions. Life may have been kinder to Paul as he has lived to this day, which makes Man On The Run a homage to be celebrated. It’s something he’s involved in and has lived to see. How blessed a life when you’re the most accomplished recording artist of all time, a key member of the greatest band ever, and living through generations enjoying what you have accomplished and being showered with love. He has nothing to run from.

G.

and Joseph T. Francia, along with Soka Gakkai International representatives Hisako Alcantara, Dalisay

and Hiromi Hashide

By Jasper Valdez

K-POP singer Park Bom stirred controversy after claiming a fellow 2NE1 member had been linked to a past drug issue.

On March 3, Bom posted a handwritten letter on Instagram discussing the long-running controversy tied to her 2010 case involving the medication Adderall.

Prosecutors later suspended the case after determining that the medication had been prescribed for medical treatment, but the issue continued to affect public perception of the singer. In the message, Bom said she had “something sensitive and frightening” to reveal about the situation.

“I am being cautious in case it causes uproar, but the medication Adderall, which is labeled as a psychotropic drug, weighs on my mind. I really didn’t want to bring it up again,” she wrote. Bom then claimed she had been presented as a substitute

to divert attention from another issue.

“It is not a drug. I am an ADD patient, something called Attention Deficit Disorder. Sandara Park was caught for drug abuse, and to cover that up, they turned the medication into something labeled as a drug scandal involving me,” Bom wrote.

As of this writing, Sandara has not issued a statement addressing the allegations. Meanwhile, her agency,

Bom alleges that her 2010 drug scandal was a cover-up intended to divert attention from Sandara Park’s (in photo) supposed involvement in drug abuse Park Bom alleges past drug scandal tied to Sandara Park

New hub introduces Japanese-inspired hair, skincare, and wellness concepts

and

By Angelica Villanueva

ON the sixth floor of Shangri-La Plaza, a bonsai tree was watered by the executives of Techno Holdings Corporation. The ritual set the tone for what the company describes as a long-term investment in the local beauty and wellness scene.

On March 3, Techno Holdings opened its Health & Beauty Hub at Shangri-La Plaza, bringing together four Japanese wellness and beauty brands in a single 455-square-meter space on Level 6 of the mall.

The hub houses NORA Japanese Hair Salon, NORA Lab, Miss Esthe Facial Salon and Skin Care, and Phiten, offering hair, skincare, and wellness products under one roof.

Hidekazu Ando, founder of NORA Japan and CEO of Nora Hair Salon Philippines, said the company aims to introduce its training systems and service standards to the local market.

“Our goal is not merely to open salons. Our goal is to breathe new life into the Philippine beauty industry,” he shared.

NORA is recognized in Japan through the Kami Charisma guide, which lists distinguished salons

nationwide. In the Philippines, the brand emphasizes detailed consultations, structured techniques, and the Japanese concept of “Omotenashi,” or hospitality. Inside the hub, Nora Lab serves as a training facility for aspiring stylists. Lilet Martinez, vice president for operations of Techno Holdings, described the challenges of recruiting and training the initial batch of trainees, noting that early setbacks eventually led to a more stable system.

“Hairstyling is not just about cutting hair. In Nora, it’s precision, artistry that allows you to express yourself, your individuality. Every client and guest who sits on that salon chair is not just there to have a haircut but wants change. And in Nora, it’s the new me,” Martinez shared. Meanwhile, Miss Esthe Facial

Salon and Skin Care, which considers the Philippines its first overseas market, offers noninvasive facial treatments developed in Japan.

Techno Holdings Corporation assistant to the chairman Chinky Gabas described the expansion as part of their broader international growth strategy.

“The Philippines, as the very first overseas market, holds remarkable strategic importance and opportunity for Miss Esthe. From the Philippines to Asia and from Asia to the world, this is not simply international expansion. It is the elevation of our brand to a global standard,” said Gabas.

Phiten, founded in Kyoto in

long-term commitment to research and global expansion.

“Guided by our motto, everything we do, we do it for your health, we have poured our passion into research and development, delivering Phiten’s technologies

1983, contributes wellness products that incorporate its patented Aqua Titanium technology. In a statement, president Yoshihiro Hirata said the partnership supports the company’s goal of promoting health and wellbeing in the Philippines. In a statement read on behalf of Phiten Co. Ltd. president Yoshihiro Hirata, the company underscored its

and products across the globe. We look forward to continuing this journey together with everyone at THC, supporting the health and well-being of the people of the Philippines,” Hirata stated. He also noted anticipation for the upcoming IP Salon, which will feature additional wellness technologies, and expressed hope for “the continued growth and success” of the partnership. Techno Holdings is also introducing a “Share The Care” rewards program, allowing customers to receive perks across participating brands with qualifying purchases until June 30. Company officials said additional branches are planned across Metro Manila as they expand their presence in the local health and beauty market.

By Rolando Ng III

SUNDAY mornings in Quezon City call for fitness enthusiasts to troop to Tomas Morato Avenue, one of its busiest districts near the South Triangle. Last Sunday, however, crowds of young and old flocked to the stretch in support of the Department of Health’s launch of the “Kalyesugan” campaign. The event, which was attended by Health Secretary Ted Herbosa and Quezon City Mayor Joy Belmonte, encourages localities to provide open spaces for healthy living.

“We are helping LGUs to come up with plans for opening more spaces. In Metro Manila, there are cities already implementing this initiative. We hope to see more areas coming up with this program,” Herbosa said in an interview with reporters. Open spaces, he added, help reduce carbon emissions and promote sound mental health through interaction with the entire community of participants. Herbosa, along with Belmonte and other DOH officials, led the crowd in a Zumba session helmed by TV personality Regine Tolentino Apart from the routine exercise and Zumba sessions, “Kalyesugan” also featured various stalls that offered mobile checkups for diabetes, HIV, and dental care.

The DOH assured that this campaign can be sustained through the assistance of towns interested in collaborating with the agency on the program.

As for Quezon City, Belmonte announced that they will open more “car-free” streets in various locations, with the Banawe area as the next site.

“We had some resistance during the public consultation because of the businesses here. But after one year, we have shown that they have also benefited from this program because people want to have a healthy breakfast,” the city chief said.

The “Car-Free, Carefree” program will continue to be available for those who wish to exercise along Tomas Morato Avenue from 6:00 to 10:00 a.m. every Sunday.

Don’t ignore urinary and hormonal symptoms

Health advocates call for focus on urinary and hormonal care this Women’s Month

LAC Philippines is calling on women to pay closer attention to urinary and hormonal health this Women’s Month, shifting the focus from enduring discomfort to seeking consistent care.

The company said many women juggle work, caregiving, and personal responsibilities, often putting their health on hold. Recurring urinary discomfort, stress-related digestive issues, hot flushes, mood swings, and fatigue are often treated as temporary problems, even when they affect daily comfort and long-term well-being.

Urinary tract infections remain common, with female anatomy and lifestyle factors increasing risk, especially during stress or hormonal shifts. Research involving over 8,000 participants found cranberry products reduced symptomatic UTIs by about 30 percent and by 26 percent for women with frequent infections. Cranberries contain proanthocyanidins, which help prevent bacteria such as E. coli from attaching to the bladder wall.

Urinary health is closely linked to gut and vaginal health. Hormonal changes can disrupt bacterial balance, affecting immunity and digestion. Declining estrogen during perimenopause and menopause may also cause hot flushes, night sweats, mood swings, fatigue, and

long-term bone and heart concerns.

LAC Philippines offers products tailored to different life stages. LAC Women’s Cranberry Complex combines concentrated cranberry extract with probiotics, antioxidants, and vitamins in convenient sachets. LAC Women’s Probiotic Complex provides 30 billion CFUs of probiotics with cranberry to support digestive, urinary, and immune health. LAC Women’s Menopause Relief contains isoflavones from red clover and soybean, plus ashwagandha and chasteberry, aimed at easing hot flushes and supporting mood and vitality.

The company said women’s urinary, gut, and hormonal health are interconnected and benefit

THURSDAY, MARCH 5, 2026

lifeandshow.manilastandard@gmail.com

NICKIE WANG, Editor

ANGELICA VILLANUEVA, Writer

JASPER VALDEZ, Writer

How a f lawed study made billions less healthy

Modern dietary guidelines are increasingly being re-examined as newer research challenges historical studies regarding the relationship between saturated fats, processed sugars, and long-term health outcomes

By J. Manuel González

I’M not a doctor, but unlike some doctors who learned medicine 20 years ago and haven’t kept up since, I stay abreast of nutrition and health news. While researching the science for The Plantation Bay Keto But Not Kwite Diet, I discovered something you should know.

You’ve probably heard: avoid saturated fats (pork, eggs, butter) and eat polyunsaturated fats or low-fat foods. That advice traces back to Ancel Keys’ 1958 Seven Countries Study, which claimed a link between saturated fat and heart disease. But Keys cherry-picked scattered villages and US railroad workers, ignoring data that didn’t fit his theory. The study had glaring flaws: no women, major countries omitted, dietary info based on memory, and factors like smoking and income were ignored. Yet it became gospel, backed by the soybean and sugar industries. Low-fat foods replaced natural fats with sugar, starch, and industrial seed oils.

Sixty years later, Westernized countries avoided saturated fat but became less healthy. Obesity, diabetes, colon cancer, and kidney disease soared. Heart disease declined, but likely thanks to medical technology and interventions, not low-fat diets. Keys later collaborated with Dr. Ivan Frantz in the Minnesota Coronary Experiment (1968–1973), a more rigorous, single-blind, randomized trial. Patients in mental institutions were fed diets high or low in saturated fat, and adherence was nearly complete due to institutional control.

Almost 2,500 participants finished the study. The results were never fully published. Keys removed his name, and Frantz’s 1989 report was vague, speculating that only younger participants might show harm. The trial effectively lay dormant, forgotten by the medical community.

Instead of worrying about fat or relying on medication, regular exercise can greatly improve long-term health

It wasn’t until 2016 that Dr. Christopher Ramsden with the help of Frantz’s son (also a doctor), reconstructed the MCE data: mortality was the same between saturatedand polyunsaturated-fat groups. Surprisingly, patients who lowered cholesterol the most had higher death rates. Still, doctors widely warn against saturated fat and prescribe statins, claiming a 35 percent drop in heart disease risk. The reality: absolute risk reduction is only about 1 percent, meaning 99 out of 100 see no life-saving benefit.

David Licauco exhibits remarkable endurance in functional workouts during the international competition

P E O P L E

By Nickie Wang

FOR more than a month, David Licauco followers a front row seat to his training grind. His social media feeds turned into a moving highlight reel of sweat and steel: treadmill sprints, rowing intervals, burpee box jumps, kettlebell carries.

David Licauco trains for power and delivers results

It was a laboratory of lungs and legs in motion. The experiment delivered results.

Saturated fat may or may not be harmful. The flawed Seven Countries Study said yes; the more rigorous MCE led by Keys and Frantz says no. Likely, moderation is key— overeat, and it’s bad; reasonable amounts are fine.

I’m not going to contradict your physician, but this is not a lottery that makes sense to me. Instead of fearing saturated fat or blindly trusting statins, small lifestyle changes—like managing weight and eating balanced meals—may give far better odds for long-term health.

About the author

J. Manuel González is CEO and founder of Plantation Bay and a former international banker with experience in major cities worldwide. He holds an MBA from Columbia University and an AB in Humanities from Ateneo de Manila University, is a published author, is fluent in French and Spanish, and enjoys architecture, fine dining, marine sports, and ballroom dancing.

David posted a standout finish at Hyrox Taiwan, held Feb. 28 to March 1, emerging as the No. 1 Filipino in the Men’s Open Division in Asia and the No. 2 Filipino in the World Overall Open Men’s Division. He completed the race in 1 hour, 7 minutes, and Among nearly 2,000 participants worldwide, David placed 53rd overall and 19th in the 30 to 34 age group.

The field was stacked, the pace relentless, the margin for error razor thin.

Hyrox, a global indoor fitness race, requires endurance running and functional strength work.

Competitors run one kilometer, then complete one workout station. The sequence repeats eight times.

The course includes sled pushes, rowing, farmer’s carries, and other full-body challenges that test cardiovascular capacity and muscular strength.

By the final station, even seasoned athletes are pushed to their physical limits.

MAKATI Medical Center has been named one of the Top 250 World’s Best Hospitals for 2026 by Newsweek in partnership with Statista. MakatiMed is one of only two hospitals from the Philippines included in the global list.

The ranking evaluated more than 2,500 hospitals across 32 countries. Institutions were assessed based on medical expert recommendations, hospital quality metrics, patient experience data, and PatientReported Outcome Measures (PROMs), which reflect patients’ perceptions of their well-being and quality of life.

The 2026 edition marks the first time the Philippines has been included in the global evaluation, making MakatiMed’s recognition a milestone for both the institution and the country’s healthcare sector.

MakatiMed said the recognition underscores its focus on patient-centered care, clinical standards, and alignment with international benchmarks, reinforcing its position as one of the country’s leading healthcare institutions.

For inquiries, MakatiMed On-Call may be reached at +632 88888 999 or through email at mmc@makatimed.net.ph.

Licauco posts a strong showing at Hyrox Taiwan, emerging as the top Filipino in the Men’s Open Division in Asia

before tapings and before dinner. Some say they don’t have time, but if you really want something, you find a way,” David told Manila Standard Life during a press conference for his television series opposite Jillian Ward Balancing show business and sport requires precision scheduling. His early mornings become training windows. Evenings double as recovery blocks. Consistency, not convenience, fuels progress. After his impressive debut in Hyrox Taiwan, the 30-year-old actor and entrepreneur is set to compete again at Hyrox Hong Kong in May, continuing his campaign in one of the fastest-growing fitness competitions worldwide.

ALV Talent Circuit’s Arnold Vegafria praised the performance, noting David’s evolution from standout basketball player to multidiscipline competitor.

“I’ve always known David as an exceptional basketball player, but I admire him all the more now for leveling up his stature as a world-class athlete and fitness icon. With his recent victory, he can be a deserving role model and aspirational peg for today’s youth,” the talent manager said.