In-line Forwarder has formed a strategic partnership with Thompson Property Management Corp. (TPMC), the official Global Channel Partner of Alibaba.com in the Philippines, to boost Filipino exporters in global trade.

This best-in-industry alliance integrates two vital pieces of the export journey: international market access and total logistics solutions.

A global leader for over 26 years, Alibaba.com is now the world’s largest B2B e-commerce platform, connecting buyers and sellers from around the globe. Its enormous scale provides a significant boost for Filipino businesses: the platform has over 50 million active buyers across 200 countries, onboarded more than 200,000 suppliers, and offers over 200 million items.

For an exporter, that massive reach translates to a concrete opportunity to bring Filipino products in front of new buyers and markets.

But getting their items discovered by customers is only the beginning.

Total logistics leader In-line Forwarder complements Alibaba.com’s digital reach with the logistics innovations and export expertise needed to get products from the Philippines to overseas. Through their team-up, In-line will provide MSME exporters access to total logistics solutions, including seafreight, international air cargo, export documentation, customs clearing, and even product warehousing required to move goods efficiently across borders. 

“For our exporters, getting an order is only half the journey. The next hurdle is figuring out how to actually get their products there efficiently, conveniently, and affordably,” said In-line Forwarder. “By combining Alibaba.com’s global reach and In-line’s logistics expertise, we want to make the entire export journey simpler for businesses of all sizes.”

Beyond logistics, the two titans also underscored the need to build the export readiness of MSMEs. They will jointly conduct exporter workshops, coaching sessions, and other programs covering international selling, e-commerce growth, export compliance, freight handling, and cross-border fulfillment.

The partnership comes as Philippine MSMEs increasingly look beyond the borders for new sources of sales. While Filipino products have significant potential internationally, smaller businesses still face barriers: getting new buyers, navigating complex export requirements, and managing shipping costs.

Their collaboration seeks to address these gaps through an innovative product order-to-shipping export solution.

“Our goal is to help more Filipino businesses confidently make the leap from being a local seller to a global company,” added TPMC. “By linking market opportunities with comprehensive logistics support, we can accelerate the conversion of international buyer interest into an actual sale.”

Ultimately, the partnership has a simple shared vision: more Filipino businesses selling globally, and more Filipino products reaching the world.

From the Philippines to the world, one shipment at a time.

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

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

As economic activity expands beyond Metro Manila, the question facing real estate developers is also changing: how do you build places capable of supporting not only new investment, but the businesses, jobs and communities that grow around it?

For Aboitiz Economic Estates and Aboitiz Land, the answer has been shaped by decades of industry-anchored development.

That approach gained broader recognition at the 2026 PropertyGuru Philippines Property Awards, where Aboitiz Economic Estates and Aboitiz Land were named Best Developer (Luzon). Aboitiz Economic Estates also received Best Industrial Developer for the sixth consecutive year and Best Sustainable Commercial Developer, while TARI Estate, Biz Hub at LIMA Estate and The Villages at LIMA Estate earned awards in their respective development categories.

The significance lies not simply in the number of awards, but in their breadth. Together, they recognize different dimensions of a development philosophy that starts with the economic fundamentals: investment, infrastructure and jobs, then builds the commercial, residential, institutional and lifestyle ecosystem that growing regional economies require.

“For years, our strength has been industrial development, grounded in the belief that real estate should begin with the economic fundamentals: investment, infrastructure, and jobs. From that foundation, more complete communities can grow,” said Rafael Fernandez de Mesa, President and CEO of Aboitiz Economic Estates and Aboitiz Land.

“To now be recognized across industrial, mixed-use, residential, sustainability, and overall development tells us that this approach is increasingly relevant beyond the category where it began. We will continue raising the benchmark for integrated development by building places where businesses can compete, people can access opportunity, and communities can grow sustainably.”

Building new centers of growth

LIMA Estate in Batangas provides the most mature expression of the model. Over three decades, LIMA Estate has evolved from an industrial estate into an integrated economic community combining industry with business, residential, education, hospitality, retail and lifestyle uses.

Its commercial district, Biz Hub at LIMA Estate, named Best Completed Mixed Use Development, has grown around an established economic base. Its offices, retail, hospitality, education and services respond to demand generated by the companies, workers, residents, students and visitors already moving through the estate.

The same ecosystem supports The Villages at LIMA Estate, recognized as Best Lifestyle Housing Development. Developed by Aboitiz Land, the residential community connects families not only to employment, but to schools, retail, dining, leisure, hospitality, open spaces and essential services within the wider LIMA ecosystem.

Together, these developments demonstrate how industrial investment can become the foundation for a more complete regional center, where economic opportunity and quality of life reinforce one another.

Decades of experience, deployed at speed

In Central Luzon, TARI Estate, named Best Industrial Estate Development, represents the next iteration. Drawing on decades of industrial development experience, Aboitiz has been able to translate a greenfield site into an emerging industrial platform in a relatively short period.

The 384-hectare estate in Tarlac is strategically positioned along the Luzon Economic Corridor, with access to major transport infrastructure and economic gateways. Major investments from Ajinomoto Philippines and Coca-Cola Europacific Aboitiz Philippines are establishing its industrial base, while the estate is projected to support around 60,000 jobs at full build-out.

LIMA Estate and TARI Estate therefore represent two stages of the same idea: one demonstrates what an industry-anchored economic community can become as it matures; the other shows how that experience can be applied to an emerging growth corridor.

Across its economic estates, Aboitiz Economic Estates now supports more than 260 locators, over 100,000 jobs and PHP175.4 billion in investments.

As investment increasingly moves beyond traditional metropolitan centers, Aboitiz sees an opportunity to apply this development capability to more regions of the country.

The Best Developer (Luzon) recognition reflects the broader relevance the model is gaining. An approach long rooted in industrial estates is increasingly being recognized for what it can contribute to integrated real estate: starting with jobs and investment, and building the communities and regional economies that can grow around them.

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

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

DoH Undersecretary for Health Dr. Gloria J. Balboa said leptospirosis cases reached 5,486 from January 4 to August 26, marking a 23% decrease from the 7,163 cases logged during the same period last year.

Despite the decline in cases, DoH said it continues to implement measures as it anticipates a possible increase in cases over the next two weeks.

“So, we are expecting an increase in cases in the next two weeks due to the recent heavy rains and flooding,” DoH Secretary Dr. Edwin M. Mercado said during a press conference in Filipino.

“That is why the DOH is continuously intensifying its surveillance of leptospirosis cases, while also ensuring that its facilities remain operational and have adequate supplies,” he added.

Of the total number of cases in the National Capital Region, 158 patients are admitted to San Lazaro Hospital, the majority of whom have mild cases.

At the National Kidney and Transplant Institute (NKTI), which handles more than 90% of severe leptospirosis cases, at least 144 patients have been admitted since January, with one fatality, NKTI Executive Director Dr. Jose Dante P. Dator said. Of these, 52 are currently admitted.

Amid the surge in cases and the potential for a further increase due to the ongoing inclement weather, 33 DOH hospitals in highly affected regions have implemented fast lanes to ensure that patients with leptospirosis are attended to promptly, Dr. Mercado said.

“Patients here will be attended to immediately. If they develop symptoms such as fever, swelling, and difficulty urinating, we do not delay treatment and instead expedite the process,” Mr. Mercado said.

“After seeing the long lines of patients at San Lazaro, we set up a tent so patients could be attended to immediately, as they first need to undergo testing and have their blood drawn,” he added.

The DOH has also convened a command conference to strengthen coordination among its hospitals, prevent congestion at individual facilities, and help patients find available hospitals for treatment.

The agency has also deployed additional health workers and set up tents at hospitals such as San Lazaro to help address the surge in cases.

The DOH continues to advise the public to avoid wading through floodwaters and, if unavoidable, seek consultation at health centers and YAKAP centers to receive preventive medication. — Edg Adrian A. Eva

The PropertyGuru Philippines Property Awards, now in its landmark 14^th year, stands as a gold standard of real estate excellence in the country. The prestigious event crowns the nation’s most visionary developers and transformative projects that continuously shatter the boundaries of design, innovation, sustainability, and community impact.

Standing out in this highly competitive arena, DLI was honored with the highly coveted Best Boutique Developer award for the second consecutive year and the third time since 2020. As the only Mindanao-homegrown property developer this year, the company has earned this distinct recognition as a testament to its craftsmanship, forward-thinking vision, and dedication to pioneering the future of Mindanao’s real estate landscape.

“Being recognized for these prestigious awards is a powerful validation that Mindanao is leading the way in real estate innovation. Damosa Land remains steadfast in its mission to deliver world-class yet mindful projects that drive investment potential and create lasting value for generations to come,” said DLI President Ricardo Floirendo Lagdameo.

Fresh off its January 2026 groundbreaking and becoming the first project approved under the newly launched Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC-RENT) framework of the Securities and Exchange Commission (SEC), DLI’s TRYP by Wyndham Samal condotel secured two premier accolades: Best Investment Condo Development and Best Beachfront Condotel Architectural Design.

The Best Investment Condo Development award highlights the condotel’s strategic location, strong rental yield, capital appreciation, and robust property management services that make it appealing to investors, while the Best Beachfront Condotel Architectural Design award spotlights the property’s luxurious coastal design, durable climate-resilient infrastructure, and efficient hospitality layouts that maximize oceanfront views.

TRYP by Wyndham Samal, slated for completion in 2028, is a contemporary island hotel inspired by the timeless architecture of the iconic Bahay na Bato. Reimagining its sturdy stone foundations, warm timber elements, and expansive rooflines, the development integrates heritage-inspired design with modern tropical hospitality, which creates a destination that is both enduring in character and deeply connected to its local setting.

This milestone project introduces the first global hotel brand to the Island Garden City of Samal. The arrival of Wyndham Hotels and Resorts, one of the world’s leading hospitality groups, signals strong international confidence in Samal Island’s investment potential and as a global tourist destination. With construction of the condotel already underway, the highly anticipated TRYP by Wyndham Samal has successfully sold 70% of its units, underscoring a strong market demand and appeal to investors.

Beyond the success of TRYP by Wyndham Samal, DLI continues to build momentum through a growing portfolio of developments shaping the future of Mindanao. These recognitions come as DLI continues to expand its footprint through award-winning developments such as its agritourism township Agriya, industrial park Anflo Industrial Estate, mixed-use marina lifestyle development community Bridgeport, information technology (IT) facility Damosa IT Park, and premium residential properties Kahi Estates, Ameria, and Agriya Gardens, each designed to strengthen the region’s competitiveness while promoting responsible and sustainable development.

More than building individual properties, DLI takes an ecosystem approach to development — bringing together residential, commercial, industrial, hospitality, and community spaces that create opportunities for people and businesses to thrive. By thoughtfully integrating these developments with their surrounding communities, DLI seeks to create places that are not only valuable destinations in themselves, but also catalysts for broader economic activity and improved quality of life.

This approach reflects DLI’s position as a homegrown developer with a deep understanding of Mindanao and its potential. From creating spaces that attract global investors and businesses to developing communities that respond to the evolving aspirations of Filipino families, DLI continues to demonstrate how locally rooted development can create opportunities with far-reaching impact.

“Our goal has always been to create ecosystems in every project that we build — places where people can live, work, invest, do business, and build their futures,” Lagdameo said. “We want the value of our developments to extend beyond their boundaries and benefit not only the communities within them, but also the neighboring communities around them. For us, that is what responsible development means: creating places that generate opportunities, strengthen communities, and contribute to the long-term growth of Mindanao.”

To learn more about Damosa Land and its developments, visit https://damosaland.com/.

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

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

SM Investments Consultant and Head of Investor Relations and Sustainability Timothy Daniels and PHIVOLCS Director Teresito C. Bacolcol signed a memorandum of agreement on Friday covering SM’s use of GeoRiskPH, a government platform that provides information on natural hazards and related risks.

Under the agreement, SM will use GeoRiskPH tools, including HazardHunterPH Pro, Geomapper PH, PlanSmart and GeoAnalyticsPH, to assess potential hydrometeorological and geological hazards affecting its facilities, assets and operational sites.

The information will be used to support planning for SM’s properties and operations, including business continuity measures and long-term investment decisions.

“Partnerships like this with the private sector contribute significantly in helping us better understand the country’s multi-faceted needs regarding resilience,” Mr. Bacolcol said.

He added that integrating data-driven hazard assessment tools into business planning is important to disaster risk reduction and sustainable development.

For SM, the partnership forms part of its efforts to incorporate climate adaptation and disaster resilience into its investment and asset management decisions.

“Understanding the risks around our properties and operations helps us make better decisions about where and how we invest,” Mr. Daniels said.

The partnership also highlights the role of private businesses in supporting national disaster resilience, particularly as SM continues to operate and expand properties across the country. — Edg Adrian A. Eva

Blending alternative R&B with contemporary pop, Eila has steadily carved out a distinct musical identity through atmospheric, soulful productions that showcase her emotional range and vocal versatility. Alongside her original music, she has built a growing audience on TikTok and Instagram through vocal performances, music and lifestyle content, and playful vocal impressions—an unconventional path that has ultimately helped lead listeners toward her original work.

“Loving Me Wrong” follows her recent single “Living Proof,” a heartfelt, feel-good anthem about the excitement of genuine love that also offered an early glimpse into the sonic direction of her forthcoming EP. While “Living Proof” leans into the warmth and exhilaration of love, her new single turns inward, confronting the complicated emotions that come with remaining in a relationship that no longer serves you.“Loving Me Wrong takes me right back to being young and naively in love, when I was caught in that volatile cycle of constant highs and lows,” Eila shares. “You convince yourself that you’re just one argument away from turning it all around.”

Rather than reducing the experience to simple heartbreak, the song recognizes the emotional contradictions that can exist within an unhealthy relationship. Eila hopes the track can offer listeners a sense of validation while also encouraging them to recognize their worth.

“I hope that anyone who’s been there can listen to the track and feel validated without any judgment,” she says. “It is completely possible to feel genuine happiness and devastating heartbreak at the exact same time. I also hope that ‘Loving Me Wrong’ can serve as a turning point and a reminder to never settle for less than you deserve.”

The song also represents a significant step forward in Eila’s development as a songwriter and performer. She describes her growth as an artist as a less linear journey than her personal development, with much of her progress coming from learning to embrace experimentation, collaboration, and vulnerability.

That evolution became particularly clear during a songwriting camp where “Loving Me Wrong” was born. Early in her songwriting journey, Eila often found herself too self-conscious to experiment freely around other writers, sometimes leaving the room simply to test melodies or lyrics on her own. Over time, however, that same collaborative environment became one of the most rewarding aspects of her creative process.

“Being in that collaborative space was a beautiful reminder that music is ultimately about connection,” she says. “That writing camp was actually where ‘Loving Me Wrong’ was born, and it really represents my evolution toward embracing vulnerability in both my music and myself.”

Eila’s return to the Philippines adds another meaningful dimension to the release. The singer was last seen in the country in 2014, when she performed a cover on the television program Walang Tulugan. At the time, she says, she did not yet have the confidence to perform her material. Twelve years and 18 releases later, she returns with a clearer sense of identity and a newfound confidence in the artist she has become.“Looking back, I definitely lacked the confidence to sing my music,” Eila recalls. “Twelve years and 18 song releases later, I’m back and finally ready to show everyone a much more confident Eila.”

Her Philippine visit is also a personal homecoming. Both of Eila’s parents grew up in the Philippines before immigrating to the United States, and her Chinese-Filipino heritage has played an important part in shaping her relationship with music. From family karaoke sessions to her parents’ unwavering support for her aspirations as a performer, Eila credits her upbringing with nurturing her passion for music and showing her how music can bring people together.

“I owe so much of my passion for music to my Chinese-Filipino roots,” she says. “More than anything, it’s the way music naturally brings our community together.”

That connection is already reflected in her growing Filipino audience. The Philippines is currently Eila’s second-largest listening market on Spotify, making her return particularly significant as she introduces “Loving Me Wrong” to Filipino listeners.

“Having that kind of support from my community gives me the energy to keep pursuing my dreams, and I’m excited to connect with even more listeners,” Eila says. She also plans to continue sharing covers of Filipino songs as a way of honoring artists who paved the way for greater Asian representation while celebrating her roots.

Eila’s new single “Loving Me Wrong” will be released on August 26, 2026, via Symphonic Distribution.

Known for their energetic performances and unmistakable sound, the Masculados are bringing back the same group fans have grown to love, this time with a more modern musical approach. And for a song like “SAGING,” siyempre kailangan may visual accompaniment, the music video will be released on the same day as the song. “SAGING” is a fun, catchy, and playful track built around cheeky lyrics about everyone’s favorite yellow fruit: bananas.

The upcoming release marks the group’s first new track following their return to Universal Records, the label that helped launch Masculados into the spotlight. Their reunion with the label has already kicked off with a fresh take on one of their biggest hits, “Jumbo Hotdog,” which received a budots makeover from internationally acclaimed Davao-based DJ, DJ Love, the artist credited with creating and popularizing the genre.

The members have expressed their excitement about working with the label again, saying, “Looking forward kami sa mga projects ulit, kasi dito nagsimula ang mga songs namin at dito naman nakilala rin ang Masculados.” While the sound may be getting a modern update, fans can still expect the same Masculados energy. The group has promised nothing less than their signature “100% kaldagan” as they enter this new chapter.

The Joy-Thru Deals run every Saturday and Sunday from August 15 to September 13, exclusively at participating Jollibee Drive-Thru stores. Customers can save ₱27 when they get two Jolly Hotdogs through the promo.

A longtime Jollibee favorite, the Jolly Hotdog is a crave-worthy and savory treat that continues to be a go-to choice for customers looking for a tasty Jollibee classic.“For many of our customers, a weekend drive-thru stop is part of their usual routine, whether they’re picking up food for the family or grabbing a quick bite. Since the Jolly Hotdog is a favorite among many, we wanted to give them a little more to enjoy during those weekend stops,” said Dorothy Ching, vice president for marketing of Jollibee Philippines. “We hope this gives our Jolly Hotdog fans something to look forward to on weekends and makes their food runs a little more enjoyable.”

The Joy-Thru Deals will be available every Saturday and Sunday until September 13 at participating Jollibee Drive-Thru stores. Prices may vary by location. Terms and conditions apply.

Craving more Jollibee treats and exclusives? Head to www.jollibee.com.ph for the latest updates, order your favorites at https://order.jollibee.com, and follow us on social media for more JOYful surprises.

The partnership was formalized during a contract signing held on August 15, 2026, at Illumination Studio, where Anne met with Zion Group executives before proceeding to her official campaign shoot for the brands.

Her decision to work with the company was closely tied to the convenience and innovation behind its home wellness technologies. During the event, Anne shared that what made it easier for her to say yes to Zion was the ability to access these technologies within the comfort of home, mentioning red light therapy panels, cold plunge systems, sauna solutions, and ZLEEP AI among the products that stood out to her.

One statement captured the message behind the partnership clearly. “It’s really an investment, yes it is. But you know, health is priceless,” Anne said.

Her endorsement comes as Zion Group continues to expand its presence in home wellness, recovery, fitness, and intelligent sleep. ZION Wellness focuses on technologies designed for relaxation and recovery, while ZYLO AI brings smart fitness solutions into the home. ZLEEP AI extends that ecosystem into the bedroom through mattresses and smart beds developed around artificial intelligence and responsive sleep technology.

Among the three brands, ZLEEP AI introduces one of the group’s most distinct propositions. The smart sleep line is designed to move beyond the traditional mattress experience by combining advanced materials with technologies that can respond to body position, pressure distribution, movement, and sleep-related data. Its underlying smart sleep platform is developed around areas such as ergonomics, life sciences, sleep research, materials technology, and artificial intelligence.

For Filipino consumers searching for the best mattress in the Philippines, the usual comparison often revolves around comfort, firmness, foam quality, support, and durability. ZLEEP AI adds intelligent personalization to those considerations, placing the brand among the premium options for people who want more from their mattress than a conventional sleeping surface.

Depending on the model, ZLEEP offers technologies designed for adaptive body support, adjustable positioning, sleep monitoring, breathing and heart-rate tracking, smart alarms, and snoring-relief functions. Selected mattresses also incorporate premium memory foam and anti-mite technology, addressing consumers who are specifically looking for a best memory foam mattress, anti-mite mattress, or a more advanced sleep setup for everyday use.

People researching a good mattress for back pain commonly look for proper support, pressure distribution, and a sleeping surface that follows the natural shape of the body. ZLEEP AI approaches this need through body-responsive support technologies that can detect areas of pressure and adjust support more intelligently. These features are designed to improve comfort and alignment, although persistent back pain or other medical concerns should still be evaluated by a qualified healthcare professional. Snoring has also become an important consideration in the smart mattress category. Selected ZLEEP AI systems include adjustable positioning and snoring-relief functions designed to create a more supportive sleeping position, making the brand relevant to consumers searching for an anti-snoring mattress in the Philippines.

Anne herself highlighted the health-monitoring capability of ZLEEP AI during the event, noting that the system can help monitor heart rate. The feature reflects how the mattress category is evolving as artificial intelligence and connected technology become more integrated into everyday home products.

Rather than treating sleep as separate from wellness, Zion Group is bringing recovery, fitness, and rest into one connected lifestyle ecosystem. Anne’s partnership strengthens that direction and gives the brands a familiar voice as more Filipino consumers explore technology designed to support their health and routines at home.

Her message during the signing summed up the partnership in a way that goes beyond any single product. For Anne Curtis, investing in wellness comes with a clear perspective: health is priceless. With ZLEEP AI introducing artificial intelligence into the way people choose and experience a mattress, the brand is positioning itself as a premium contender for Filipinos looking for smarter sleep, better support, and a more personalized bedroom experience.

The post Possible Love heads to Netflix November 6 after becoming South Korea’s official Oscar entry appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Son Ye-jin, Ji Chang-wook, and NANA star in Netflix’s ‘The Scandal,’ premiering September 18 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post One Piece English dub sets sail for Elbaph Arc on Crunchyroll beginning October 20 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post AZTER launches debut album “univerZity,” turning campus life into a coming-of-age story appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Maki brings OPM to the global stage with Lalala Fest Manila appearance appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Netflix confirms The Shooter with Lee Jung-eun, Kim Moo-yul, and Huh Joon-ho appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The four-day gathering marks another historic milestone for JKA Philippines, strengthening the country's position as an emerging destination for major international traditional karate events and reinforcing the global spirit of discipline, respect, excellence, and friendship that defines the Japan Karate Association.

At the center of this international event is the University of Southeastern Philippines (USeP), which has extended its full support to the karate community by serving as host venue for the prestigious gathering.

The university's participation reflects the importance of sports, education, discipline, and international cooperation in developing young people and strengthening relationships among nations.

With foreign delegates, including dignitaries and distinguished karate masters, instructors, and lecturers from different parts of the globe and the Philippines  arriving in Davao City for the four-day event, security and safety measures have been heightened to help ensure the orderly movement and protection of participants, guests, officials, and spectators throughout the tournament.

The arrival of international delegations has created an atmosphere of excitement across the city as Davao prepares to welcome some of the most respected personalities in traditional Shotokan karate.

For the next four days, participants will take part in intensive Gasshuku training, technical instruction, lectures, demonstrations, and international competition, providing Filipino karate practitioners with a rare opportunity to train alongside and learn from highly experienced JKA masters and instructors.

The historic gathering, running from August 27 to 30, places Davao City at the center of the traditional Shotokan karate world as the Philippines welcomes leading personalities from the Japan Karate Association (JKA) Headquarters in Tokyo and representatives from different parts of the world.

Adding prestige to the international occasion, Consul General of Japan in Davao ONO Hirotaka is expected to attend the event.

Davao City Mayor Sebastian “Baste” Duterte, Vice President Sara Duterte, and Senator Christopher “Bong” Go are likewise expected to grace the occasion, according to JKA Philippines Chief Executive Officer Emeliano P. Murillo.

The gathering is more than a tournament. It is a celebration of the philosophy and tradition of karate—where competition is matched by character, discipline, humility, respect, and the continuous pursuit of excellence.

DAVAO CITY IN THE INTERNATIONAL KARATE SPOTLIGHT

The hosting of the international gathering places Davao City and the Philippines in the spotlight of the global karate community, demonstrating the country's capability to welcome international sporting delegations while promoting sports tourism, cultural exchange, and international friendship.

As the competition officially begins, all eyes in the karate world are on Davao City.

For JKA Philippines, the 3rd International Gasshuku and Tournament represents not only another major sporting event, but a continuing mission to strengthen traditional karate in the Philippines and connect Filipino practitioners with the wider international JKA family.

The spirit of Karate-Do is alive in Davao City—and for the next four days, the Philippines becomes one of the centers of the international karate world.

The historic international gathering is made possible with the support of its key institutional partners and sponsors, including the Kadayawan Festival, the Philippine Sports Commission (PSC), and the University of Southeastern Philippines (USeP). Their support reflects a shared commitment to sports development, international cooperation, youth empowerment, and the promotion of Davao City as a dynamic destination capable of hosting world-class sporting events.

Through their partnership with JKA Philippines, the 3rd JKA Philippines International Gasshuku & Karate-Do Championship 2026 is strengthened not only as a major karate competition, but also as a celebration of culture, discipline, friendship, and Filipino hospitality.

The post It’s Showtime reaches 10 billion social media views as Showtime Online U marks 10 years appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Netflix greenlights new K-teen romance series No Crushing Allowed appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post ONE PIECE welcomes four new recurring cast members for Season 3 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post GTV launches ‘Kalurks!’ with DJ Jhai Ho, Ashley Rivera, and Baus Rufo for your Sunday night pop culture and showbiz fix appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post American Horror Story: 13 brings back fan-favorite characters for new season on Disney+ appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post “Gandang Gabi Vice” comes to GMA Network this September appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post CJ Navato and Thea Astley lead “Ambon, Ulan, Baha” in timely return to the Metropolitan Theater appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post “Call Me Mother” streams on Netflix beginning August 27 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post “Stranger Things: Tales From ’85” Season 2 brings the Hawkins Investigators Club back into the Upside Down appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Janine Gutierrez soars to new heights in latest METRO cover appeared first on COUNTER FLOW :: www.FlowGalindez.com.

Want dinner in a hurry? This Asian Garlic Noodles recipe comes together in minutes yet packs incredible umami flavors. It features perfectly chewy pasta tossed in an irresistible savory, buttery garlic sauce you’d want to put on everything! It's the perfect side to your favorite protein! Ingredient notes How to make Asian garlic noodles How…

The post Asian Garlic Noodles appeared first on Kawaling Pinoy.

Halabos na Hipon is a quick and easy seafood dinner that takes less than 20 minutes to make. It uses a secret ingredient that balances the savory minced garlic and rich butter, coating every piece of fresh shrimp. Grab an extra scoop of rice for this one! My mother's shrimp with oyster sauce and my ginataang…

The post Halabos na Hipon appeared first on Kawaling Pinoy.

THE RECOVERY in the National Government’s (NG) spending on infrastructure and other capital outlays is not expected until the fourth quarter, with outlays programmed to remain below year-earlier levels through September before surging toward yearend.

The Development Budget Coordination Committee programmed P251.30 billion in infrastructure and other capital outlays for the third quarter, 2.2% lower than the P256.9 billion spent a year earlier. 

In the fourth quarter, infrastructure spending is then expected to jump by 49.4% to P328.44 billion, from P219.8 billion a year ago.

This would bring second-half infrastructure spending to P579.74 billion, up 21.6% from P476.7 billion in the same period last year.

The figures exclude infrastructure spending coursed through subsidies and equity to government-owned and -controlled corporations, as well as transfers to local government units.

Ser Percival K. Peña-Reyes, a senior research fellow at the Ateneo Center for Economic Research and Development, said the fourth-quarter infrastructure spending target was possible but ambitious and would require a significant acceleration in project implementation.

“A 49.4% year-on-year increase is not impossible because infrastructure spending is typically back-loaded toward the latter part of the year,” he told BusinessWorld via Facebook Messenger.

“However, the government would need to overcome the factors that have held spending back during the first three quarters: procurement delays, project implementation bottlenecks, right-of-way issues, and the more cautious pace of infrastructure releases following the scrutiny over flood control projects,” he added.

Latest data showed infrastructure and other capital outlays reached only P269.4 billion in the January-to-May period, down 42.9% from P471.5 billion a year earlier, amid tighter oversight in the aftermath of last year’s corruption scandal.

To meet the P351.8-billion first-half spending program, June outlays would need to reach P82.4 billion, still 44.6% lower than the P148.8 billion spent in the same month last year.

For the full year, NG infrastructure and other capital outlays are programmed at P931.54 billion, which is 15.1% lower than the P1.097 trillion spent in 2025.

The Department of Budget and Management (DBM) said the government remains committed to accelerating infrastructure spending in the second half to support economic growth.

“We expect public construction to pick up as agencies ramp up project implementation and disbursements,” the DBM told BusinessWorld via Viber.

“We will continue to closely monitor spending performance and work with implementing agencies to address bottlenecks and help keep the infrastructure program on track,” it added.

Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera said spending could rebound strongly in the fourth quarter as agencies catch up on delayed projects, speed up procurement and disbursements, and implement projects prepared earlier in the year.

However, he identified major risks to the outlook, namely, absorptive capacity, procurement bottlenecks, right-of-way issues, project readiness and tighter validation following the recent scrutiny of infrastructure spending.

“If these are not resolved early, simply pushing more spending into the fourth quarter could create implementation pressure,” Mr. Rivera told BusinessWorld.

Mr. Peña-Reyes said achieving the target would depend on project readiness, agencies’ execution capacity and weather and seasonal disruptions.

Projects that have already been awarded and have secured their right-of-way and technical requirements could generate spending relatively quickly, while projects entering procurement only in the fourth quarter are much less likely to contribute significantly, he said.

“A substantial fourth-quarter acceleration is likely, but the risk of undershooting the target is meaningful,” Mr. Peña-Reyes said.

“If the government falls materially short, it would reinforce the concern that the problem is not a lack of budgetary resources but weak implementation capacity and delays in converting appropriations into actual economic activity,” he added.

Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas also described the spending target as ambitious but achievable if the government accelerates project implementation and clears spending bottlenecks.

He said delays in procurement, project readiness and implementation could slow disbursements.

“The real challenge is not just spending more in the fourth quarter, but spending efficiently and translating that spending into stronger economic growth,” Mr. Ravelas told BusinessWorld via Viber.

Mr. Peña-Reyes also said the concentration of spending  toward yearend raises the risk that agencies could prioritize faster disbursements over spending quality.

This raises risks such as rushed procurement, weaker project selection, problems in construction quality, errors and leakages, and additional carryovers into 2027.

“The problem arises when the acceleration is too large relative to implementation capacity. It would be helpful to distinguish between healthy catch-up spending and forced catch-up spending,” Mr. Peña-Reyes said.

Healthy catch-up would involve payments for properly procured projects already progressing, rather than rushing new projects simply to meet the annual target, he added.

“It is better to miss part of the fourth-quarter disbursement target than to meet it through low-quality, poorly prepared or rushed infrastructure projects,” he said.

The public should monitor physical accomplishment, project completion rates and procurement quality alongside the headline disbursement figure, Mr. Peña-Reyes added.

THE GOVERNMENT is waiting for more favorable market conditions before proceeding with a retail Treasury bond (RTB) offering this year, amid elevated interest rates and tensions in the Middle East.

National Treasurer Sharon P. Almanza told reporters on Monday that the government is still looking to issue RTBs within the year.

“There will always be a market for RTBs, particularly with maturities coming due this year. The domestic market remains liquid, although the market sentiment is still affected by geopolitical tension in the Middle East as well as developments in the global financial market particularly the US Treasury,” she said in a follow up Viber message.

The government’s last RTB offering was in August 2025 when it raised P507.16 billion from five-year notes.

Ms. Almanza also told BusinessWorld on Monday that they aim to raise less than the amount generated from last year’s issuance.

She noted the planned offering will be made available again on GCash via the GBonds feature.

Ms. Almanza said there will also be a bond exchange program similar to last year, but noted that the new money raised from the coming issuance will likely be smaller.

Analysts said the market environment remains supportive for an RTB issuance this year amid easing inflation, strong liquidity, and investors looking to lock in yields before rates move lower.

“The market environment for a potential RTB issuance later this year remains broadly supportive, particularly if inflation expectations continue to stabilize and if monetary policy becomes less restrictive,” Union Bank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in a Viber message.

“An RTB issuance would likely benefit from easing domestic interest rates, ample system liquidity, and strong demand from retail investors seeking relatively safe and predictable returns,” he added.

Mr. Asuncion said investor preference has leaned more towards shorter tenors amid interest rate and inflation uncertainty, suggesting that a three- to five-year RTB could attract strong demand while helping the government manage its funding requirements efficiently.

Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas said in a Viber message that the five-year tenor could be the sweet spot, but noted that “the geopolitical climate could shift anytime.”

Mr. Asuncion added that market sentiment will continue to be guided by market volatility, inflation developments, policy expectations, and global interest rate movements.

“The government is expected to remain opportunistic and launch the offering when financing conditions are most favorable,” he added.

Meanwhile, a trader said in a text message that the government could issue the RTB in September, when there are several scheduled maturities.

GLOBAL ISSUANCE
On next year’s planned issuance, Ms. Almanza said the government remains open to global bond issuances depending on market conditions.

“Of course, we are looking at other currencies, but depending on the market, depending on the conditions, it can be euro, yen, or the usual US dollar,” she told reporters.

Ms. Almanza said the government has $5-billion eligible government bonds that can be included in JPMorgan Chase & Co.’s Government Bond Index-Emerging Markets (GBI-EM).

The Philippines is scheduled to enter the GBI-EM on Jan. 29, 2027. The index will include Philippine peso-denominated government bonds issued since 2023 with tenors of up to 20 years.

THE National Government’s proposed tax reforms, if enacted, risk further delaying the country’s fiscal consolidation, especially given its widening budget deficit and record debt-to-gross domestic product (GDP) ratio, Moody’s Ratings said.

Moody’s Ratings Assistant Vice-President for Ratings Young Kim said that net gain from the measures under the Promoting Growth, Revenue, and Equity towards Socio-economic Sustainability (ProGRESS) bill will likely prove marginal.

“The government’s proposed ProGRESS package would raise the personal income tax exemption threshold and ease the burden on micro and small enterprises, offset by higher excises on sweetened beverages, tobacco and alcohol, a new plastics levy, and a 15% minimum tax on large multinationals,” Mr. Kim told BusinessWorld in an e-mailed response to questions.

“While this could bring additional offsetting revenue, it also introduces some uncertainty, as the net gain may prove smaller and the package still needs to pass Congress as proposed,” he added.

The Department of Finance (DoF) is proposing the so-called ProGRESS bill, a comprehensive tax reform package involving a set of tax breaks, new or updated levies on sin products and excise tax, as well as a wealth tax, among others.

Under the proposed bill, the DoF is pushing for new or higher taxes on sweetened beverages, e-cigarettes, flexible plastic products, luxury vehicles, and private aircraft.

This package alone is projected to generate an average revenue of P129.68 billion annually from 2027 to 2030.

It was designed to offset the estimated P81.73-billion annual losses from President Ferdinand R. Marcos, Jr.’s call to raise the threshold for income tax exemptions to P350,000 from P250,000 for low- and middle-income earners and the minimum corporation income tax exemption for micro and small enterprises.

Although the proposed tax relief measures are still pending in Congress, Mr. Kim warned that they could further undermine the country’s already fragile fiscal position.

“The tax relief measures — if enacted without offsetting revenue measures, though it is still too early to assess the full fiscal impact — would erode revenue and further delay the government’s fiscal consolidation,” he said.

In mid-2022, the Marcos administration unveiled the Medium-Term Fiscal Framework 2022-2028, where it targeted an economic growth of 6.5%-8%, a debt-to-GDP ratio of 51.1% and fiscal deficit-to-GDP ratio of 3% by end-2028.

However, Mr. Kim noted that the government’s fiscal consolidation path has been under strain amid the economy’s tepid growth and ballooning debt stock.

“Weaker near-term growth adds to this pressure, as softer economic activity weighs on revenue buoyancy and, in turn, the pace of deficit reduction,” he said.

The country saw its worst economic performance since the pandemic as it grew by 2.3% in the second quarter amid a major investment slump and subdued household consumption.

This was the slowest pace recorded since the 3.8% contraction in the first quarter of 2021, and since the 1.8% growth in the fourth quarter of 2009 outside the pandemic.

“Against this backdrop, the debt-to-GDP, which rose materially during the pandemic, has yet to meaningfully reverse, while debt affordability is weakening, interest payments as a share of revenue are rising as cheaper pandemic-era debt is refinanced at today’s higher yields,” Mr. Kim said.

“Sustained revenue erosion without offsets would therefore weigh on fiscal strength,” he added.

In the second quarter of 2026, the country’s debt-to-GDP ratio rose to 66% from 65.2% in the first quarter. This was the highest ratio in over two decades or since the 71.6% seen at end-2004.

This came as its debt stock swelled to an all-time high of P19.07 trillion at end-June, inching up by 2.8% from P18.55 trillion as of end-May. Year on year, it also rose by 10.41%.

Based on the Philippine Development Plan 2023-2029 Midterm Update released in May, the government expects the country’s debt-to-GDP ratio to settle between 60% and 63% this year. By next year, it could fall to 59%-62% before declining further to 58%-61% by 2028.

Meanwhile, the government’s debt is expected to hit P19.77 trillion by yearend and further increase to a record P21.48 trillion by end next year due to higher principal repayments and continued budget deficit, according to the 2027 Budget of Expenditures and Sources of Financing.

For Mr. Kim, the risks tied to the ProGRESS bill will hinge on whether the government can set measures that would compensate for foregone revenues and its capacity to boost revenue mobilization and spending efficiency. 

“That said, the near-term 2026 measures appear broadly revenue-neutral, reflecting spending reprioritization and a measured approach to support despite weak growth,” he said.

“Ultimately, the key risk is the credibility of the medium-term consolidation path, which will depend on offsetting the proposed tax exemptions, further revenue mobilization and spending efficiency through reforms and digitalization, and management of growing spending pressures tied to physical climate risks,” he added.

As of mid-August, about 40 bills related to the ProGRESS package have been filed under the House of Representatives, with only two measures hurdling committee level, while seven were filed in the Senate.

THE Philippines’ balance of payments (BoP) position swung to a deficit for the first time in three months in July, data from the Bangko Sentral ng Pilipinas (BSP) showed.

According to central bank data released late on Wednesday, the country’s BoP position stood at a $1.47-billion deficit in July, a reversal from the $3.403-billion surplus in June.

Year on year, the BoP gap ballooned from $167 million.

This was the first time since April that the monthly BoP position stood at a deficit.

“The overall balance of payments, which captures the transactions of the country with the rest of the world, recorded a $1.5-billion deficit in July 2026,” the BSP said in a statement.

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

“The July BoP deficit reflected the country’s persistent trade gap, portfolio investment outflows, and external debt-related payments, particularly after June benefited from sizeable foreign borrowing inflows,” Union Bank of the Philippines (UnionBank) Chief Economist Ruben Carlo O. Asuncion said in a Viber message.

Jonathan L. Ravelas, senior adviser at Reyes Tacandong & Co., attributed the month-on-month reversal to higher foreign exchange outflows, including external debt payments and stronger dollar demand for imports.

“While the year-on-year deterioration looks significant, monthly BoP figures are often influenced by the timing of large transactions and should not be viewed in isolation,” he added via Viber.

In the seven months to July, the country’s deficit stood at $5.347 billion, narrower than the $5.756-billion gap in the comparable year-ago period.

“The year-to-date BoP position reflected the continued trade-in-goods deficit and net outflows from foreign portfolio investments,” the central bank said.

“These were partly offset by the sustained net inflows from personal remittances of overseas Filipinos (OFs), foreign borrowings by the NG (National Government), trade in services, and foreign direct investment,” it added.

The Philippines’ trade-in-goods balance, or the difference between the values of exports and imports, ballooned to a $30.81-billion gap as of end-June from $24.48 billion a year ago.

UnionBank’s Mr. Asuncion said the narrower year-to-date deficit shows the Philippines’ external position remained manageable.

“Moving forward, developments in global financial markets, trade flows, remittances, tourism receipts, and foreign investments will be key determinants of the BoP outlook,” he added.

On the other hand, Mr. Ravelas noted that the country has to keep a healthy balance between its foreign exchange earnings and import needs to shield its external position against persistent global risks.

“The Philippines continues to benefit from strong structural dollar inflows, but maintaining a healthy balance between foreign exchange earnings and import requirements will be crucial to keeping the external position stable amid ongoing global economic and geopolitical uncertainties,” he said.

The central bank has noted that trade imbalances and tighter financial conditions will continue to strain the country’s external position until next year.

It projects the BoP deficit to widen to $10.7 billion or -2.1% of gross domestic product (GDP) by yearend from $5.7 billion or -1.2% of GDP in 2025.

18-MONTH LOW GIR
Meanwhile, the central bank’s dollar reserves amounted to $103.317 billion as of July, down nearly 2% from the $105.418 billion logged the prior year, revised data showed.

This was the lowest gross international reserves (GIR) it held in 18 months or since the $103.271 billion logged in January 2025.

It was likewise the fifth straight month that the GIR level slipped on an annual basis.

Month on month, the BSP’s dollar reserves fell by 1.36% from $104.745 billion.

The lower reserves were largely due to the central bank’s net foreign exchange operations, according to the BSP, as the weak peso during the period required its intervention.

As of end-July, the local unit stood at P61.432 versus the greenback, about 7.2% or P4.126 weaker than P57.306 in the same period last year, according to BSP data.

The central bank also said its GIR fell after the National Government withdrew from its foreign currency accounts with the BSP to pay its external debts, with its total withdrawals exceeding its deposits.

However, the drags were partly tempered by “income from the BSP’s investments abroad and upward valuation adjustments in the BSP’s gold holdings due to the increase in the price of gold in the international market.”

Dollar reserves are the central bank’s foreign assets held mostly as investments in foreign-issued securities, foreign exchange and monetary gold, among others.

These are supplemented by claims to the International Monetary Fund (IMF) in the form of reserve position in the fund and special drawing rights (SDRs).

The Philippines’ reserve position in the IMF stood at $725.2 million as of July, reflecting a 0.52% year on year dip from $729 million.

Meanwhile, the BSP’s gold holdings also climbed to a two-month high of $17.49 billion, jumping by 26.89% from $13.783 billion a year earlier.

Its SDRs — or the amount the Philippines can tap from the IMF’s reserve currency basket — also increased by 1.22% to $3.937 billion from $3.89 billion.

In the seven-month period, the BSP’s securities slipped by 7.95% to $67.157 billion from $72.958 billion a year ago. This refers to highly liquid and marketable debt securities, excluding investments under the Asian Bond Fund (ABF) and Bank for International Settlements Investment Pool (BISIP).

However, the central bank’s foreign currency and deposits plunged by about 75% to $1.879 billion during the period from $7.516 billion last year.

On the other hand, the BSP’s other reserve assets nearly doubled (85.4%) to $12.129 billion as of July from the $6.542 billion a year ago. These include overnight investment — repurchase agreement pool, due from or to brokers, accrued interest receivables, and investments under ABF and BISIP.

At end-July, the country’s GIR level translated to 6.7 months’ worth of imports of goods and payments of services and primary income, more than double the three-month standard.

It could also cover about 3.7 times the country’s short-term external debt based on residual maturity.

The BSP sees its foreign reserves shrinking to $104 billion this year from the $110.8 billion it held in 2025.

With severe flooding and high tides disrupting their daily lives and rendering roads impassable, families find it difficult to leave their homes and secure basic necessities. Through OMF and its partners in disaster response such as Meralco PowerGen Corp. (MGEN), Meralco business centers, Meralco’s animal welfare initiative CATropa, and local governments, the initiative reached 2,500 affected families across the municipalities of San Miguel, Balagtas, Calumpit, and Hagonoy in Bulacan, as well as Bacoor City and Tanza in Cavite, and San Mateo in Rizal. Distribution efforts will continue over the coming days.

Partnering with the Balagtas municipal government led by Mayor Andy “Andrews” Santiago, OMF and the Meralco Balagtas Business Center waded through deep waters aggravated by high tide to deliver food packs directly to the doorsteps of residents stranded in Barangay San Juan.

“Maraming salamat po sa One Meralco Foundation sa inyong ipinagkaloob na relief goods para sa ating mga kababayan,” Mayor Santiago said. “Malaking tulong po ito sa ating mga pamilyang nangangailangan. Maraming salamat po sa inyong malasakit at pakikiisa.”

In Hagonoy, Bulacan, a joint relief effort was made possible through a resident-led initiative, spearheaded by community coordinator Gelvien Montalla who reached out to OMF online to seek help for his community. OMF’s swift response brought immediate relief to families whose livelihoods were disrupted by the deep floods. Lilibeth Roberto, a single mother caring for her child with a disability, shared how the flooding halted the operations of her small eatery. “Malaking bagay [itong relief] dahil wala akong kabuhayan ngayon,” said Roberto.

Relief operations also helped evacuation sites and frontline responders. In Bacoor City, Cavite, OMF and the Meralco Bacoor Business Center provided relief packs to evacuated families from Barangays Aniban 1, Aniban 2, and Ligas 1, as well as municipal traffic enforcers whose own homes were flood-submerged. Additional food supplies were also turned over to Bacoor City Mayor Strike B. Revilla for distribution across other affected barangays. Meanwhile, OMF and Meralco Rosario Business Center also worked with the local government of Tanza, Cavite, led by Mayor Archangelo Matro, to help distribute relief packs to affected residents.

1 of 2

OMF also worked with the local government of Calumpit, with Vice-Mayor Zacarias “Doc Zar” Candelaria joining the efforts with the Meralco Malolos Business Center. In Barangay Balungao in Calumpit, OMF, with the Philippine Animal Welfare Society (PAWS) and CATropa, also provided relief packs with rice for families and supplies for pets, with volunteers wading through floods to reach out to those in need.

MGEN volunteers from its MTerra Solar and MGEN Renewables Bulacan Solar also distributed relief packs to disaster-hit residents in San Miguel, Bulacan. In Marikina City, residents of Brgy. Guinayang also received relief packs from OMF and Meralco Marikina Business Center.

The initiative is part of OMF’s broader disaster response efforts to deliver immediate relief to affected communities.

“In times of disaster, our responsibility to communities extends far beyond restoring physical light — it is about restoring hope. As heavy rains and the Habagat disrupt lives across the nation, we remain steadfast in our commitment to stand by our fellow Filipinos when they need us most,” OMF President Jeffrey Tarayao said.

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

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

• ‘The Boy From Haeundae Beach’ (2022) – Acclaimed debut double LP functioning as a genre-blending musical mixtape
• ‘Yong-Gwanglo’ Parts 1 & 2 (2024) – Expansive double album where “Yong-Gwanglo” means “melting pot” in Korean

• Zandari Festival – Seoul, South Korea (6 September 2026)
• Nonsan World Music Festival – South Korea (5 September 2026)

Manila, Philippines – Following the chart-topping breakthrough of “Palayo sa Mundo,” which has recently crossed 70 million streams on Spotify alone, Filipino singer-songwriter Jolianne commences her new era in music with the release of “Daanan,” out today via Sony Music Entertainment.

Penned by Jolianne, “Daanan” conveys the experience of finding comfort in another person when you least expect it. Rather than portraying love as something immediate and perfectly formed, the song approaches it as a process that is built through small acts of vulnerability, familiarity, and right timing.

 “Daanan is about falling in love for the first time and about having someone gently guide you through your firsts and learning, little by little, to let someone into your life,” the Cebu-born pop artist explains. “It’s about choosing to grow into love instead of rushing toward it and discovering yourself through the eyes of someone who sees you completely.”

The guitar-pop ballad is also about treating love as something “you slowly nurture and choose every day.” Jolianne adds, “Sometimes, you don’t know exactly where the road will lead—you just know that you want to keep walking, hand in hand with someone, until you find out together.” 

For Jolianne, writing in Filipino meant deliberately stepping outside of her comfort zone. My comfort languages as a writer are English and Bisaya, so writing in Filipino felt like entering an entirely new space. It made me feel like a beginner all over again. Daanan challenged me to stretch beyond what I already knew, and I’m happy that I allowed myself to be a beginner again.”

That sense of discovery extends to the song’s creation. Jolianne initially recorded the melody as a voice note without chords or a beat, an unconventional starting point for her usual songwriting process. Produced by Luke April, the song gradually expands from a sparse, intimate opening into a fuller orchestral arrangement, mirroring its movement from uncertainty to surrender.

The accompanying music video, directed by Raliug and created with Lunchbox, brings the song’s central metaphor to life through dance. Jolianne plays someone learning to dance from an instructor she develops a crush on, with moments of awkwardness and hesitation reflecting the vulnerability of learning to let another person in.

“I really liked the idea of using dance because there’s something inherently vulnerable about letting another person teach you,” reveals Jolianne. “You have to be willing to look a little silly, make mistakes, and trust that they’ll catch you when you get the steps wrong. That became a visual metaphor for the love I’m talking about in the song: you don’t know what you’re doing at first, but you slowly become more comfortable with each other and learn the rhythm together.”Jolianne’s “Daanan” is out now on all digital music platforms worldwide via Sony Music Entertainment. Watch the music video on Jolianne’s official YouTube channel, which premieres on Aug 14, 2026 at 6:00 P.M.

Angeline’s newest talk show on iWant delves in bringing genuine connections through her relatable experiences and welcoming personality, with its first two episodes featuring big names in the industry as special guests with the Unkabogable Superstar Vice Ganda, and the country’s Prince of Pop Erik Santos.For its debut episode, Angeline shares the floor with Vice to discuss his humble beginnings to becoming widely regarded as one of the country’s top faces in showbiz. She then sits down with Erik in the next episode as they share their love for music, their hardships in becoming OPM’s powerhouse singers, and relive their friendship through the years.The new talk show also coincides with Angeline Quinto’s 15th anniversary in showbiz, starting her journey through the reality-singing competition “Star Power” to cementing her name in OPM as the Power Diva.

Join in the light-hearted talks and entertaining performances with your favorite stars in “The Angeline Quinto Show,” premiering its first episode on August 27, followed by its second on September 24 (Thursday), only on iWant.

Subscribe to iWant subscription plans starting at P35 per month in the Philippines and USD 4.99 per month in the United States* (*promo price until October 31, 2026) and for the rest of the world to have early access to the episodes on their premiere dates.

Enjoy all the feels you want, only on iWant, the largest library of Filipino feels. Download the app via Google Play or the Apple App Store.

Timezone Philippines has officially named XONARA — the seven-member girl group taking over your playlists under 1Z Entertainment — as its newest brand ambassadors. 

And this isn’t a wave-at-the-camera, sign-the-banner kind of deal. The one-year partnership comes loaded: an exclusive buy 250, get 500 credit bonus on the Timezone Fun App with the code XONARA, and official Timezone x XONARA photocards dropping August 25.

Photocards. In an arcade. Someone finally understood the assignment.

If you’ve ever traded a photocard outside a concert venue or queued for a cup sleeve event, you already know why this hits different. Timezone is bringing the collect-everything, post-everything energy of P-pop fandom into the same neon-lit floors where half the country learned to lose gracefully at air hockey. 

“At Timezone, we’re always looking for new ways to bring people together through fun and create memorable experiences for our guests,” said Raffy Prats Jr., General Manager of Timezone Philippines. “XONARA’s vibrant energy, strong connection with young audiences and authentic love for Timezone make them a natural fit for our brand. Together, we’re creating exciting moments that celebrate friendship, community and play while giving fans new ways to connect with the people and passions they love.”

Social content, merch, in-store activations — all rolling out over the year under #TimeXONARA. They were Timezone kids first

Here’s the plot twist that isn’t one: before Eurekah, Tin, Dominique, Ella, Namie, Lei and Megumi were 1Z Entertainment’s first girl group — before “Tabi,” before their brand-new second single “Pula” dropped on last week — they were the kids swiping powercards into the machines like the rest of us.

“We’re honestly so happy and grateful,” Ella said. “Timezone is a place that so many of us grew up going to, so becoming one of its brand ambassadors feels really surreal. It’s exciting to represent a brand that’s all about having fun, making memories, and bringing people together. We hope everyone can create new memories with us at Timezone too.”

“It’s such an honor. We never imagined that one day we’d be working with a brand we genuinely enjoyed growing up. It feels like a full-circle moment, and we’re really thankful to Timezone for trusting XONARA,” Namie added. 

Ella fought the good fight against the claw machine — and occasionally won. “I’d spend so much time trying to win a plushie, and whenever I finally got one, I’d feel so proud. Timezone was one of those places where every visit felt special because it wasn’t just about the games, it was about spending time with family and friends.”

Namie, meanwhile, was the karaoke booth mainstay. 

“I’m naturally competitive. I remember challenging my friends to see who could get the highest score. Even if I lost, we’d all end up laughing, and those are the moments I remember most,” Namie shared. 

Behind the partnership

Timezone Philippines is running the show — venue experience, digital rollout, activations, Fun App mechanics, merch — while 1Z Entertainment brings the girls, the content and the appearances. 

The brand itself has been in the business of engineered joy since 1978, when it started in Perth, Australia; today it runs over 320 venues across seven countries, including more than 50 in the Philippines through its joint venture between The Entertainment and Education Group (TEEG) and Ayala Land, Inc.

“P-pop fandom has always been participatory. Fans don’t just listen, they show up, they collect, they bring their friends. Timezone gives that energy. We’re excited for XONARA to meet fans in a space built for exactly that kind of shared fun,” John Paulo “Pablo” Nanse, 1Z Entertainment President, said. 

Since its premiere, the series has generated buzz online with its intriguing and mysterious storyline and impressive performances from its cast.In the latest episode, Mara (Yassi Pressman) revealed more of Ben’s (Jericho Rosales) dark secrets to Anna (Janine Gutierrez), including his role in covering up the death of his father. She also said she believed Regina (Charlie Dizon) was right in suspecting that Ben was responsible for the deaths of their father and Regina’s husband.With Ben’s secrets now exposed, viewers are left wondering what Anna will do next and whether she can still believe and trust her husband after learning the truth about him.

Now that the bodies of his alleged victims are seemingly being uncovered, will Ben still be able to keep the truth hidden?

Catch the final two episodes of “The Loyalty Game” this Friday (Aug. 14), exclusively on Prime Video.

The post The legend continues as Engelbert Humperdinck brings The Celebration Tour 2026 to Manila appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post “The Terminal List” Season 2 premieres October 21 on Prime Video appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post LALALAFEST Manila brings an exciting mix of global and local acts, led by Steve Lacy, Two Door Cinema Club, FLO, Ben&Ben, Maki & more appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post XYVRL takes over PBA halftime at Araneta Coliseum with “Scottie T” and “SBAPN” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post BINI makes historic Summer Sonic debut in Japan appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Icona Pop releases new album “Ritual,” unveils official visualizer for “Hurt” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post “Mononoke the Movie: Chapter III – The Curse of the Serpent” premieres September 29 on Netflix appeared first on COUNTER FLOW :: www.FlowGalindez.com.

HYDROPOWER DEVELOPERS are already feeling the effects of El Niño as prolonged dry spells lower reservoir levels, disrupting operations and critical maintenance activities.

Eric Y. Roxas, president of Repower Energy Development Corp. (REDC), said El Niño reduces the company’s hydropower plant efficiency to about 35% to 40%.

“During this period, the company takes advantage of the lower water volume to do our maintenance and repairs of our weirs, waterways infrastructure, dredging activities, and preventive maintenance activities,” Mr. Roxas told BusinessWorld.

In June, the Philippine Atmospheric, Geophysical and Astronomical Services Administration announced the onset of El Niño, which is widely expected to bring droughts to parts of the country. It is expected to escalate into a “Super El Niño” by late 2026 and persist until 2027.

Since hydropower facilities depend on reservoir and river levels, drier-than-normal conditions could prompt plants to run at partial capacity and reduce power generation output.

As of December 2025, hydropower accounted for about 12% of the country’s total installed power generation capacity, based on data from the Department of Energy.

This share remains vulnerable to weather-driven disruptions, particularly during El Niño, which is already affecting the operations of hydropower plants.

Mr. Roxas said REDC undertakes maintenance activities to ensure the company will take full advantage of increased water volume during the rainy season.

“The El Niño or dry season on the one hand becomes advantageous to us on the construction of our projects in development, with minimal delays due to weather,” he said.

REDC operates nine run-of-river hydropower plants across Luzon and Mindanao, totaling around 35 megawatts (MW), with six projects currently in development.

Dennis Michael P. Gonzales, senior vice-president of power producer First Gen Corp., said the impact of El Niño on the hydropower sector is “quite substantial,” as observed in one of their facilities.

He said the impact has reached a critical point for its Pantabangan hydropower facility in Nueva Ecija, with power generation output dropping from its original 120 MW to just 20 MW as of the end of July.

“Very close to completely shutting down the plant entirely,” Mr. Gonzales told BusinessWorld.

For context, he explained that every one-meter drop in the reservoir results in about a 3-MW decrease in power output.

“The low elevation reached this year is of huge concern as the reservoir is expected to recharge during the third quarter of the year,” Mr. Gonzales said.

“Failure to recharge sufficiently will lead to a low reservoir elevation for the next cropping season thus affecting the area that can be supported by irrigation as well as low power output due to low elevation as lower water volume releases.”

The Pantabangan hydroelectric plant is a multi-purpose hydro complex that also supplies irrigation water for the vast rice fields of Central Luzon.

While the plant saw higher-than-usual generation during the first half of the year, this was largely due to the previous year’s “generous inflows” being used to provide increased irrigation support for local farmlands. However, this heavy reliance on stored water has led to a “substantial drawdown” of the reservoir.

Unlike run-of-river plants where the impact of drought is instantaneous, large multi-purpose reservoirs like Pantabangan experience “a lag in impact,” Mr. Gonzales said.

“Even if the El Niño is encountered this year, the effect will be more felt next year,” he said.

The company official said the Luzon and Mindanao grids have significant hydropower capacity, accounting for 2,500 MW and 1,200 MW, respectively.

“Given its size, an El Niño phenomenon may trigger yellow alerts. In a way, we already felt this in June and July of this year when the hydropower plants experienced derating due to low water inflows,” Mr. Gonzales said.

A yellow alert is issued when the operating margin is insufficient to meet the transmission grid’s contingency requirement.

In Mindanao, state-run National Power Corp. (NPC) is working to complete the maintenance program for the Agus and Pulangi hydroelectric power plants to return to full operations by Aug. 20.

The Agus-Pulangi hydropower complex, which straddles the provinces of Lanao del Norte, Lanao del Sur and Bukidnon, is designed to generate 982 MW of electricity through seven run-of-river hydropower plants.

However, only about 700 MW of the facility’s capacity is currently operational due to aging infrastructure.

“Water has many competing uses, and with the possibility of a Super El Niño, energy requirements must always be balanced against water security and the needs of the communities,” NPC President and Chief Executive Officer Jericho Jonas B. Nograles said at a briefing last week.

THE BANGKO SENTRAL ng Pilipinas’ (BSP) tightening cycle may be over as the country’s sluggish growth will likely soften demand-driven inflation, with rate cuts on the table for mid-2027, Standard Chartered Bank said.   

Jonathan Koh, Standard Chartered’s senior economist and foreign exchange (FX) analyst for Association of Southeast Asian Nations (ASEAN), said the BSP may adopt a “wait-and-see” approach while assessing the movements of oil prices and the peso-dollar exchange rate.

“(B)ecause growth is soft, I think that the demand inflation is probably going to be softer. And from that perspective, I think that the BSP can potentially actually wait and see,” Mr. Koh told a press briefing on Friday.

“So, I took my August hike call off the table last week. I do recognize it’s going to be a close call. I think that the BSP is probably going to be watching oil prices as well as peso performance in the lead-up to the meeting,” he added.

Mr. Koh said this month’s policy meeting could be a close call between a hold and a rate hike, particularly if renewed price pressures worsen the inflation outlook.

“However, one month of softer inflation does not yet establish a sustained disinflationary trend, particularly as both measures remain above BSP’s target range. We therefore expect a close decision between a hike and a pause,” Mr. Koh and Standard Chartered Chief Economist and Head of FX for ASEAN and South Asia Edward Lee said in a report.

Standard Chartered’s latest policy call came after the dismal second-quarter gross domestic product (GDP) growth prompted the bank to slash its full-year forecast to 3.5% from 4% for 2026.

In the second quarter, GDP growth slowed to a post-pandemic low of 2.3%. Excluding the pandemic, it was the slowest growth in over 16 years.

The slowdown was largely driven by the lingering effects of last year’s flood control graft scandal on public construction and investments as well as subdued consumer spending as the Middle East war spiked prices.

Still, Standard Chartered is projecting a second-half recovery for the Philippines, although Mr. Koh said risks remain from volatile oil prices, potentially high food prices due to El Niño, and the government’s budget plan.

“As long as we don’t see that, I do think that the Philippine economy is probably going to recover in the second half of the year. Of course, as I noted, I think some part of it is going to be dependent on whether or not the government will be able to disperse the budget,” Mr. Koh said.

Standard Chartered likewise sees inflation averaging 5.9%, slower than its initial forecast of 6.5% amid moderating price pressures. Mr. Koh said the headline print likely peaked in the second quarter when it averaged 6.8%, well above the BSP’s 3% target.

However, inflation eased for a third consecutive month to 6.2% in July, bringing the year-to-date clip to 5%.

For Mr. Koh, the BSP could start easing next year, with a 25-basis-point (bp) cut each in the second and third quarters.

“So, in terms of the BSP itself, at the moment, my call, which I think is probably non-consensus, is I don’t expect the BSP to hike in August or for the rest of the year, and I’m actually looking for rate cuts in 2027,” he said.

Since it began tightening in April, the central bank has delivered 50 bps in rate hikes, raising the benchmark policy rate to about a one-year-high of 4.75%.

Last week, BSP Governor Eli M. Remolona, Jr. said their inflation fight is still on as they have yet to see a sustained disinflation trend, with unpredictable price shocks requiring their vigilance.

However, he added that the weak economic growth in the second quarter means they can be less aggressive in curbing inflation, especially as expectations prove relatively well-anchored.

The central bank has repeatedly signaled its commitment to steering inflation back to its target using all necessary monetary policy actions.

Its latest projections show inflation could breach its target for three straight years at 6.4% this year, 4.5% in 2027, and 3.1% in 2028.

PESO
Meanwhile, Mr. Koh expects the peso to range between P61 and P62 per dollar until yearend, with a hold by the US Federal Reserve likely to support the peso.

“Now, our view is no Fed hike,” he said. “And if, let’s say, our view really pans out, that means that your dollar should actually go lower. So, that could potentially help in terms of dollar peso moving slightly lower towards the end of the year as well.”

At its latest policy review in July, the Fed left its benchmark rates unchanged for a fifth straight meeting at the 3.5%-3.75% range.

Meanwhile, the peso averaged over P60 versus the greenback as of July from the P58- to P59-a-dollar level prewar.

It sank by 9.7 centavos to close at a new all-time low of P61.847 against the greenback on July 24, breaking its previous record of P61.75 on July 23, Bankers Association of the Philippines data showed.

As of end-July, the local unit stood at P61.432 versus the greenback, about 7.2% or P4.126 weaker than P57.306 in the same period last year, according to central bank data.

For the entire duration of the festival, Ayala Malls will be showcasing the seven original full-length films and twenty student-made shorts in six malls across Metro Manila. The malls hosting the 2026 CinePanalo will be Market! Market! in Taguig, TriNoma in Quezon City, Fairview Terraces in Quezon City, Ayala Malls Feliz in Pasig, Ayala Malls Manila Bay in Parañaque, and Ayala Malls Circuit in Makati.

Puregold and Ayala Malls shared that each cinema was strategically selected to ensure the widest possible reach for CinePanalo. Locations in Taguig and Makati were chosen for their vibrant, culture-driven communities that have long championed local artistry and independent cinema. Pasig, meanwhile, reflects a growing and diverse base of cinema-goers from all walks of life — mirroring the breadth of Filipino stories showcased at CinePanalo. The Parañaque’s location lies right at the heart of a bustling mixed-use development with an emphasis on entertainment and cultural events. Completing the circuit are two cinemas in Quezon City, selected for their deep-rooted creative communities and direct access to student, youth, and family audiences, further strengthening CinePanalo’s connection to the next generation of Filipino storytellers.

“Partnering with Ayala Malls helps bring the 2026 CinePanalo to as many Filipinos as possible,” says Puregold Senior Marketing Manager Ivy Hayagan-Piedad. “As the festival continues to grow, we truly value partnerships like this that stand by the cause of unleashing Filipino cinema’s untapped potential.”

For Ayala Malls, the choice to partner with Puregold CinePanalo was easy, especially considering the success of the first two editions of the festival.

“CinePanalo’s advocacy greatly aligns with Ayala Malls’ vision and values. At its core, CinePanalo puts the Filipino audience first — highlighting stories that reflect their lives, dreams, and everyday victories,” said Yvette Roldan, Head of Ayala Malls’ Ancillary Business. “This resonates with our commitment to meaningful and culturally-relevant experiences at Ayala Malls Cinemas.”

Roldan believes that CinePanalo’s support for student and regional filmmakers reflects a spirit of succeeding together, fostering collaboration and inclusivity across the film community. It’s this bold approach to storytelling and genre freedom that Roldan believes reflects Puregold and Ayala Malls’ shared drive to innovate and encourage fresh perspectives and creative risk-taking.

The Puregold CinePanalo has thus far produced a number of films that have gone on to showcase and even compete in film festivals across the world, from other Asian countries to Europe and Africa. The partnership with Ayala Malls, Puregold says, is an opportunity to allow more Filipinos to witness the kind of world-class talent that the CinePanalo has proven to produce.

“As we celebrate the wins of our CinePanalo alums in film festivals across the globe, we are, of course, always brought back to the purpose of the CinePanalo, which is to tell true, Filipino stories. That’s why it is important for us at Puregold that these stories reach the same people who inspire them,” says Ms. Hayagan-Piedad. “Working with Ayala Malls allows the festival to reach more audiences, giving these films the platform they deserve while carrying the panalo spirit reflected in each story.”

Stay updated and learn more about the Puregold CinePanalo; follow the official festival Facebook page at facebook.com/puregoldcinepanalo.

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

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

Cash remittances from Filipinos abroad grew by its slowest pace in over four years in June even as the monthly level stood at a six-month high, Bangko Sentral ng Pilipinas (BSP) data showed.

Overseas Filipino workers (OFWs) sent home a total of $3.039 billion in cash remittances in June, rising by 1.7% from $2.987 billion a year ago.

This was the highest monthly remittance inflows since December last year, when it reached $3.522 billion.

However, the 1.7% growth was the weakest annual growth in four years and four months or since the 1.3% in February 2022.

“Cash remittances reached $3.04 billion in June 2026, the highest monthly cash remittance level recorded in the first half of 2026,” the central bank said in a statement on Monday.

This brought the first-half cash remittances to $17.149 billion, up by 2.4% from $16.753 billion.

Meanwhile, personal remittances amounted to $3.388 billion in June, up 1.8% from $3.329 billion the prior year.

“Seasonally adjusted personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, likewise increased in June 2026,” the BSP said.

As of June, personal remittances went up by 2.4% to $19.123 billion from $18.672 billion last year.

“The United States remained the top source of inflows, followed by Singapore and Saudi Arabia, based on reported remittance transactions by origin,” the central bank said.

The BSP sees cash remittances rising by an annual 2.7% to $36.6 billion this year, slower than the 3.3% to $35.6 billion in 2025.

Global Tax Policy Expert | Chief Tax Advisor, Asian Consulting Group (ACGlobal)

The Philippines is competing for global capital at a time when investors are rethinking supply chains, tax structures, energy security and geopolitical risk. Our response cannot simply be to offer more incentives.

We must offer something more valuable: credible institutions, competitive policies and a government that works.

As our Philippine Investment Mission heads to South Korea and Japan this quarter, followed by Canada, the United States and Europe in the fourth quarter, we should be clear about what we are really selling to the world.

Not just tax incentives. Not just a young workforce. Not just strategic location.

We should be selling a reforming Philippines built around three measurable outcomes:

MORE PAY. MORE INVESTMENTS. BETTER GOVERNMENT.

There is reason for optimism. The Board of Investments approved about P462 billion in projects in the first half of 2026, while PEZA approved roughly P141 billion in new and expansion projects during the same period. CREATE MORE and the new Strategic Investment Priority Plan have further strengthened our investment proposition.

Through Asian Consulting Group (ACGlobal)’s Philippine Investment Mission and the global launch of WHY INVEST IN THE PHILIPPINES? CREATE MORE Edition, we continue collaborating with the BOI, PEZA, Philippine Trade and Investment Centers and Philippine embassies abroad through business forums, CEO briefings, policy discussions, investor aftercare and tax consultations.

But incentives may get investors interested. Institutions make them stay.

The feedback we hear from investors should therefore become part of a measurable reform program toward 2028.

First, increase Filipino take-home pay.

The proposed increase in the personal income tax exemption threshold from P250,000 is welcome, but it should be the beginning rather than the end of reform.

I have proposed a roadmap toward P400,000, then P800,000 and ultimately P1 million in tax-free income, with deeper relief tied to measurable improvements in revenue collection.

The principle is simple: economic growth becomes more inclusive when working Filipinos keep more of what they earn.

Fiscal responsibility should not automatically mean imposing new or higher taxes on workers and compliant businesses. Tax relief can stimulate consumption, savings and investment while government improves collection elsewhere.

Second, attract investors — and make them stay.

Investment promotion should not end when a project receives approval.

Government must give equal importance to investor aftercare, expansion and retention. Major regulatory problems involving taxes, customs, permits, utilities or government agencies should have clear escalation mechanisms before they cause investors to defer projects or relocate.

We need red carpet, not red tape.

PEZA modernization should be prioritized, alongside stronger coordination among PEZA, BOI, BIR, Customs and other economic agencies.

Third, modernize tax administration.

Digitalization alone is no longer enough.

The BIR and Bureau of Customs should accelerate full e-invoicing, AI-enabled risk assessment, integrated government databases and automated customs and tax administration.

Technology should allow government to identify high-risk taxpayers more accurately while reducing unnecessary audits of businesses that consistently comply.

For honest taxpayers, modernization should mean fewer forms, fewer visits, faster transactions and greater certainty.

Fourth, pursue the revenues we are failing to collect.

We should strengthen enforcement against major tax evasion, illicit trade and unexplained wealth rather than repeatedly increasing the burden on the easiest taxpayers to collect from.

This includes appropriate reform of bank secrecy rules, subject to safeguards and due process, and a nationwide, evidence-based investigation of unexplained wealth where credible risk indicators exist.

Public officials, political dynasties, government contractors and major campaign donors should not be exempt from scrutiny when there are lawful grounds for investigation.

This is not about political persecution. It is about accountability, revenue recovery and restoring public trust.

Fifth, make government easier to deal with.

Ease of doing business is ultimately about time, predictability and accountability.

Every unnecessary permit is a cost. Every delayed approval is a cost. Every inconsistent interpretation of regulation is effectively another tax on investment.

This brings us to a broader question: Do higher taxes always produce higher revenues?

In a recent discussion with economist Prof. Arthur Laffer, we revisited the principle behind the Laffer Curve: tax rates and collections do not move upward indefinitely in a straight line because taxpayers and consumers change behavior.

This is particularly relevant as policymakers consider further increases in excise taxes.

Higher tobacco or vape taxes can serve legitimate health objectives. But policy cannot ignore enforcement and consumer behavior.

If legal cigarettes and vape products become substantially more expensive while smuggled and illicit alternatives remain cheaper, accessible and widely available, some consumers may simply move underground.

The unintended outcome could be troubling: higher statutory tax rates but weaker legitimate sales, more illicit trade and potentially less revenue than projected.

Tax policy must therefore look beyond the rate itself. Rates, enforcement, affordability, consumer behavior and illicit-market risks must be considered together.

The same logic strengthens the case for responsible income tax relief.

Government can recover revenues through better voluntary compliance, e-invoicing, AI-assisted enforcement, anti-illicit trade operations and adoption of the global minimum tax and QDMTT, ensuring that revenues from large multinational groups attributable to Philippine economic activity are not unnecessarily collected elsewhere.

This is why tax relief and fiscal discipline are not opposing goals.

We can lower the burden on honest taxpayers and collect more from evaders.

We can attract global investments while demanding accountability.

We can offer competitive incentives while requiring government institutions to perform.

Several structural reform proposals are already gaining attention from the President and policymakers, including increasing take-home pay, abolishing the travel tax, reforming bank secrecy and strengthening our ability to collect from large multinational enterprises.

That momentum should continue.

Ultimately, good governance is economic policy.

Global investors compare countries not only on tax rates but on regulatory certainty, institutional credibility, transparency and the rule of law.

The strongest investment promotion strategy is therefore not another slogan or roadshow.

It is a Philippines where workers keep more of what they earn, investors confidently enter and expand, major tax evaders are pursued instead of compliant taxpayers, and government becomes faster, simpler and more accountable.

Promote the Philippines abroad. Reform government at home.

More pay. More investments. Better government.

—-

Mon Abrea, CPA, MBA, MPA (Harvard), is a global tax policy expert and Chief Tax Advisor of Asian Consulting Group (ACGlobal). He is the author of Reimagining the World Without Corruption and Why Invest in the Philippines? CREATE MORE Edition. He has participated in tax and investment policy dialogues with policymakers and international institutions, including the OECD and World Bank.

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

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

The post PlayTime Entertainment and Summit Media launch PT Summit to drive media technology innovation appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Gladys Reyes makes recording debut with campy song “Primera Kontrabida” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post THEATER REVIEW: People, Places & Things asks what happens when escape stops working appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Kim Do-hoon, Jun Jong-seo, Lee Joon-gi lead Netflix’s new period action drama Dochabi appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post LIYAB: When the flame of nationalism refuses to die appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Will Ashley launches “Paborito” ahead of “Liham” album launch on September 20 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Pinoy Big Brother returns with Collab 3.0 featuring regular housemates appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Angeline Quinto hosts new iWant talk show with special guests Vice Ganda and Erik Santos appeared first on COUNTER FLOW :: www.FlowGalindez.com.

THE PHILIPPINES could remain below its growth potential for longer even with the government’s catch-up measures if it does not address the structural issues that are eroding its economic foundation, GlobalSource Partners said.

In a commentary, GlobalSource country analysts Diwa C. Guinigundo and Wilhelmina C. Mañalac said the government should focus on rebuilding its capacity to create sustainable conditions that support investment and boost productivity, not on merely reaching its growth targets.

“A stronger second half would certainly be welcome. But the real test of economic management is not whether GDP (gross domestic product) can be pushed back toward 4% for a few quarters,” Mr. Guinigundo and Ms. Mañalac said on Tuesday.

“It is whether the government can restore the conditions for sustained, investment-led, and productivity-driven growth. Otherwise, the Philippines should prepare not merely for another disappointing GDP number, but for a more persistent period of disappointing, but entirely expected, economic growth,” they added.

The economy saw its worst performance since the pandemic after expanding by only 2.3% in the second quarter from 2.8% in the first quarter and 5.4% a year earlier.

Public construction contracted in the second quarter amid the lingering fallout from the flood control graft scandal, worsening the decline in investment, while elevated inflation kept household spending subdued and further weighed on economic activity.

In the first half, GDP expanded 2.6%, below the government’s 3.5%-4.5% full-year goal.

Department of Economy, Planning, and Development Secretary Arsenio M. Baliscan earlier said the economy would have to expand by at least 4.4% in the second semester to achieve the lower end of the target.

The GlobalSource analysts noted that hitting even the lower end of this year’s growth target is a tough task, with compounding governance issues and global energy shocks keeping economic momentum weak.

Mr. Guinigundo and Ms. Mañalac said 4.4% growth in the second half may be achievable “in numbers” but requires a faster and broad-based rebound across the economy.

“That is possible in numbers. But economics is not merely arithmetic,” they said. “It would require a substantial turnaround in investment, stronger household demand, a revival of business confidence, continued export growth and much faster execution of government programs.”

The National Government has vowed to ramp up its spending and project implementation, particularly on infrastructure, to compensate for the slowdown caused by last year’s flood control mess.

This came on the back of still muted infrastructure spending, with the latest data showing a 42.9% decline to P269.4 billion as of May from P471.5 billion a year ago. Infrastructure spending has fallen for an 11^th consecutive month on an annual basis.

According to the government, infrastructure and other capital outlays could decline by 15.1% year on year to P931.54 billion this year from P1.1 trillion in 2025. It could rise slightly in 2027 but remain under a trillion, it added.

However, Mr. Guinigundo and Ms. Mañalac said the so-called catch-up measures are insufficient to resolve deep-seated structural gaps such as policy uncertainty, educational divide, food and energy insecurity, and unstable governance.

“This is where the government’s economic narrative needs to become more ambitious,” they said. “The Philippine economy does not merely need more spending in the second half of the year. It needs a stronger foundation for private investment and productivity.”

The GlobalSource analysts said the government must prioritize tackling the country’s investment environment, flagging longer term risks from declining gross capital formation.

“Investment is what expands productive capacity. It creates jobs, improves productivity, introduces new technology and raises future potential output,” they said. “When investment contracts sharply, the consequences extend well beyond the quarter in which the decline is recorded.”

Gross capital formation, the economy’s investment component, dropped by 9.2% in the second quarter. This was steeper than the 3.1% contraction in the previous quarter and marked a reversal of the 0.91% growth a year ago.

“The Philippine government’s proposed response, such as faster infrastructure spending and catch-up programs, may help produce a second-half rebound, but it will not by itself address the deeper structural weaknesses,” Mr. Guinigundo and Ms. Mañalac said.

“Restoring sustained growth requires rebuilding investor confidence, accelerating legitimate public investment without compromising anti-corruption efforts, improving the regulatory and permitting environment, strengthening education and human capital, addressing food and energy vulnerabilities, and pursuing a clearer industrial policy focused on productivity and higher-value investment,” they added.

PRICE PRESSURES
Meanwhile, Nomura Global Markets Research kept its headline inflation forecast at 5.1% for 2026 but sees room for more policy rate hikes amid the spillovers of high energy prices.

Nomura research analysts Euben Paracuelles and Nabila Amani said they continue to see lingering pressures from the oil shock feeding into other commodities, though they held their full-year core inflation estimate at 3.9%.

“In our view, headline inflation has already peaked, partly underpinned by our crude oil price assumption, but core inflation has not, as we expect persistent second-round effects from energy prices,” they said in an Aug. 11 report.

Headline inflation eased for a third straight month to 6.2% in July, while core inflation cooled for the first time in eight months to 4.2%. Both remain well above the central bank’s 3% target.

Mr. Paracuelles and Ms. Amani said the Monetary Board may still raise its benchmark rate by 25 basis points (bps) each during its Aug. 27 and Oct. 22 meetings.

If realized, this would bring the BSP’s key policy rate to 5.25%.

“The latest CPI (consumer price index) inflation reading is unlikely to reduce BSP’s concerns but justifies its preference for a measured approach to its hiking cycle,” the Nomura analysts said.

This also came even after Nomura slashed its GDP growth forecast last week for the Philippines to 3.8% from 4.6% for this year following the weaker-than-expected print in the April-to-June period.

Mr. Paracuelles and Ms. Amani said they are banking on a second-half recovery driven by low base effects and potentially increased government spending but cautioned against risks from political uncertainty and the looming “Super El Niño.”

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has left the door open for further hikes to bring inflation back to their target but noted that the tepid second-quarter growth print eased some pressure off their tightening prospects.

Mr. Remolona said inflation remains their top consideration but noted that they do not ignore growth concerns in adjusting their monetary policy to maintain price stability.

The Monetary Board has so far delivered two 25-bp hikes since it began tightening in April, with the benchmark interest rate now at 4.75%

THE NATIONAL GOVERNMENT (NG) expects value-added tax (VAT) and related sales tax collections to rise by 12.8% in 2027, outpacing overall tax revenue growth despite the current weakness in household consumption.

The 2027 Budget of Expenditures and Sources of Financing (BESF) showed that the VAT and related sales tax collections are expected to increase to P860.03 billion next year from the P762.42-billion program for 2026.

The tally covers VAT and related sales taxes collected by the Bureau of Internal Revenue (BIR), net of VAT refunds, but excludes VAT on imports collected by the Bureau of Customs (BoC).

Overall tax revenues are projected to grow by 9.2% to P4.85 trillion in 2027 from the P4.44-trillion program for 2026.

Taxes on domestic goods and services, which include VAT, excise taxes, and taxes on selected services, are projected to jump by 11.3% to P1.75 trillion in 2027 from the P1.57-trillion program for 2026. The P177.18-billion increase would account for 43.3% of the projected P409.23-billion rise in overall tax revenues.

The projected P97.61-billion rise in VAT and related sales tax collections next year would account for 23.9% of the overall increase in tax revenues and 55.1% of the increase in taxes on domestic goods and services.

VAT would also post the fastest growth among the components of taxes on domestic goods and services.

Excise tax collections are projected to jump by 8.9% to P380.86 billion next year, while taxes on selected services are seen increasing by 9.1% to P164.39 billion.

Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera said the projected increase in tax revenues assumes faster household consumption and economic activity in 2027.

“It is achievable if domestic demand and imports recover next year. It likely assumes stronger household consumption, firmer business activity, and better tax administration and compliance,” he told BusinessWorld via Viber.

Mr. Rivera said the Development Budget Coordination Committee earlier attributed the higher revenue targets for 2027 to tax reforms, digitalization, and enforcement.

For 2027, the government projects revenues to go up by 8.3% to P5.21 trillion, equivalent to 15.7% of gross domestic product (GDP).

“So, yes, the target does imply an expectation that domestic demand improves in 2027, but not necessarily a consumption boom. Part of the increase can also come from better collection efficiency and a broader tax base,” he added.

However, Mr. Rivera said the revenue outlook faces risks from weaker-than-expected consumption, slower investment, softer imports, and another external shock that keeps growth subdued.

The BESF projections already incorporate proceeds from legislated tax reform measures. These measures are projected to have a net revenue impact of P31.96 billion in 2027, up from the P29.47-billion program this year.

VAT on digital services is projected to generate P24.67 billion, the largest amount among these measures, while the Rationalization of the Mining Fiscal Regime and the excise tax on pickup trucks are expected to yield P6.1 billion and P7.44 billion, respectively.

These gains would be partly offset by estimated revenue losses of P4.61 billion from the Capital Markets Efficiency Promotion Act and P1.65 billion from the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act.

However, the Department of Budget and Management said they do not yet account for the proposed tax-relief and revenue-generating measures under the Promoting Growth, Revenue, and Equity towards Socio-economic Sustainability tax package.

Estimates by the Department of Finance showed that the proposed measures would generate an average of P47.94 billion in net additional revenues annually from 2027 to 2030.

BIR COLLECTIONS
Meanwhile, the Bureau of Internal Revenue collected P2.003 trillion from January to July, exceeding its P1.99-trillion target for the period by P13.53 billion or 0.68%. The seven-month tally was 5.4% higher than a year earlier.

BIR Commissioner Charlito Martin R. Mendoza said the agency had already collected around 60% of its full-year target for 2026, reflecting improving taxpayer compliance and sustained collection efforts.

For July alone, gross collections reached P358.44 billion, exceeding the P336.07-billion target by P22.37 billion or 6.66% and 5.73% higher than a year earlier.

“These results show that better taxpayer service, clearer rules, and effective enforcement can support stronger compliance and collection,” Mr. Mendoza said.

The BIR said its reform agenda includes simplifying tax rules and processes, expanding digital services, improving taxpayer assistance, strengthening audit safeguards, and enforcing tax laws against deliberate noncompliance.

Under the BESF, the BIR is projected to collect P3.736 trillion in 2027, up 10.1% from the P3.393-trillion program for 2026.

PESO DEPRECIATION
Meanwhile, the BESF showed that a P1 depreciation against the US dollar could narrow the NG’s 2027 budget deficit by P5.7 billion, as higher revenues are expected to more than offset increased disbursements.

The government expects the budget deficit to widen in nominal terms to P1.695 trillion in 2027 from the P1.659-trillion program this year. However, the deficit-to-GDP ratio is projected to fall to 5.1% from 5.4%.

The sensitivity analysis showed that a P1 depreciation would increase revenues by P10.6 billion while raising disbursements by P4.9 billion.

The sensitivity estimate measures the effect of a P1 change from the government’s baseline exchange rate assumption. The government assumes a peso-dollar exchange rate of P60 to P62 from 2026 to 2029.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said a weaker peso would increase the peso value of interest payments on US dollar- and other foreign currency-denominated debt.

On the revenue side, he said the increase would be “largely linked to import tax-related revenues, especially at the BoC.”

According to the BESF, import VAT collections are projected to rise by 5.6% to P692.31 billion in 2027 from the P655.89-billion program this year.

Mr. Ricafort said the larger impact on revenues than on disbursements could partly reflect the government’s domestic-heavy debt portfolio.

“A bigger share of domestic borrowings in the total borrowing mix in recent years may have helped,” he added.

The NG’s outstanding debt rose by 2.8% to P19.07 trillion at end-June from P18.55 trillion at end-May. Domestic obligations accounted for 67.33% of the debt stock, while the remaining 32.67% came from external sources.

The government plans to raise P3.304 trillion in gross borrowings in 2027, a 20.9% increase from the P2.734-trillion program this year.

Of the proposed gross borrowings, 72.3% would be from domestic sources. Gross domestic borrowings are projected to increase by 24.5% to P2.389 trillion from this year’s P1.918-trillion program.

The remaining P914.982 billion would be raised from external sources, up 12.2% from the P815.505-billion program for 2026.

Performance cannot be the only defining characteristic of a flagship business laptop. Executives also expect mobility, enterprise-grade security, dependable battery life, artificial intelligence (AI) capabilities, and a design that looks as polished at the boardroom table.

ASUS has built the ASUS ExpertBook Ultra around those expectations.

Positioned as the company’s flagship business laptop, the ASUS ExpertBook Ultra runs on up to Windows 11 Pro, up to Intel Core Ultra X9 Series 3 processor, Intel Arc graphics, up to 64 gigabytes of Low Power Double Data Rate 5X memory, a 2-terabyte Peripheral Component Interconnect Express 5.0 solid-state drive, and a dedicated 50 trillion operations per second (50 TOPS) neural processing unit (NPU) for on-device AI workloads.

The business laptop also features a 14-inch 3K Tandem Organic Light-Emitting Diode (OLED) display protected by a Corning Gorilla Matte; a comprehensive set of ports, including dual Thunderbolt 4 and Wi-Fi 7 connectivity, so you can easily work from anywhere.

But these specifications tell only part of the story. Here are 10 ways the ASUS ExpertBook Ultra distinguishes itself as a business laptop for decision-makers.

1. Work almost anywhere with ultraportability

Mobility remains one of the defining requirements for modern executives.

The ASUS ExpertBook Ultra weighs as little as 0.99 kilogram for selected configurations and measures only 10.9 millimeters thick, making it one of the company’s lightest commercial laptops. The magnesium-aluminum chassis further maintains structural rigidity and contributes to the laptop’s reduced weight.

For executives searching for a 14-inch business laptop, portability increasingly matters as much as processing capability. Carrying a lighter device may likewise reduce their fatigue during important tasks.

2. Military-grade durability

Executive schedules often expose laptops to frequent changes of environment and heavy daily use. Durability matters even more because damaged equipment creates unnecessary interruptions.

The ASUS ExpertBook Ultra passed 24 MIL-STD-810H military-standard test procedures along with more than 150 internal ASUS durability tests. The laptop also features reinforced input-output ports, a spill-resistant keyboard, strengthened hinges, scratch-resistant materials, and Nano Ceramic technology to resist daily wear.

The exterior is designed to maintain its finish through repeated use, helping the laptop remain presentable during client meetings and executive presentations. Rather than focusing solely on appearance, ASUS places durability as part of long-term reliability.

3. All-day battery life for greater productivity

The ASUS ExpertBook Ultra incorporates a 70-watt-hour battery capable of delivering between 18 and 24 hours of use depending on workload. Under specific conditions, it may even extend up to 26 hours.

The laptop also supports USB Type-C charging, which allows compatible power banks and USB-C chargers to supplement power while traveling.

The flexibility of the ASUS ExpertBook Ultra may be just as valuable as its battery capacity for professionals looking for a long-battery-life laptop.

4. Display designed for demanding work environments

The ASUS ExpertBook Ultra features a 14-inch 3K Tandem OLED touchscreen with a 2880-by-1800 resolution, variable refresh rates from 30 to 120 hertz, VESA DisplayHDR True Black 1000 certification, and up to 1,400-nit HDR brightness.

Meanwhile, the anti-glare surface is intended to reduce reflections in brightly lit conference rooms while preserving image clarity.

Executives, therefore, may benefit from sharper visuals and improved readability across different environments.

5. Listen with premium audio systems

The ASUS ExpertBook Ultra features a six-speaker Dolby Atmos sound system with Smart Amplifier technology. Combined with AI Noise-Canceling Technology and dual multi-array microphones that support speech recognition, the audio system is designed to improve communication during hybrid meetings.

Through its integrated audio capabilities, the system delivers fuller sound with greater clarity than conventional business laptops, making long meetings and quick calls easier to hear across boardrooms without relying on external speakers.

6. Reflection of professionalism

The ASUS ExpertBook Ultra combines an all-metal magnesium-aluminum chassis with Nano Ceramic technology that resists scratches, fingerprints, and stains while maintaining a refined appearance.

The company also incorporates Expert Lumi, an ambient lighting feature that provides visual indicators during use and complements the laptop’s premium design language.

Available in Morn Grey and Jet Fog, the ASUS ExpertBook Ultra is designed to project confidence in executive settings without sacrificing portability or durability.

7. Access to direct AI-powered workloads

On top of its reliable features, the ASUS ExpertBook Ultra is a certified Copilot+ PC, designed to perform a higher level of AI workloads and gives users access to productivity features such as:

• AI live video captions during meetings
• AI-enhanced video and audio quality with automatic framing, background blur, portrait lighting, and voice focus
• Click to Do to automatically search the web with Copilot
• Recall past content with screen snapshots

The ExpertBook Ultra also features ASUS MyExpert, an on-device AI packed with a multitude of AI features for businesses: AI meeting minutes, file search, and live video translation.

With ASUS MyExpert, professionals can easily access AI assistance to boost productivity and enhance workflow efficiency in everyday work. Moreover, on-device AI provides enhanced data security, as information is processed and stored locally, without heavy reliance on the cloud.

For executives and businesses, this means AI that works alongside them on the ExpertBook Ultra — summarizing meetings, finding files instantly, and breaking down language barriers in real time with enhanced security so executives can dedicate more time to strategic decision making.

8. Conduct meetings with AI assistance

Meetings often generate action items and decisions that require accurate documentation. Missing even one detail may delay execution.

The ASUS ExpertBook Ultra addresses this through ASUS MyExpert, which includes AI ExpertMeet. The feature can generate meeting and video transcripts, summarize discussions, and organize key points through on-device AI processing.

This aspect reduces time spent reconstructing conversations after they end. Instead of relying entirely on handwritten notes, executives can now record, review, and share summarized discussions immediately after the meeting concludes.

9. Communicate across languages

Business expansion requires conversations across multiple markets and languages. AI ExpertMeet supports live AI translated subtitles when watching videos and in online meetings, so participants can better follow multilingual discussions without depending on external translation services.

Integrated language assistance may simplify communication during virtual meetings and help executives remain focused on the discussion itself rather than language differences.

10. Protect confidential information

Executive devices frequently contain plans, reports, road maps, legal documents, and customer information. That is why many business leaders still remain cautious about sending confidential information online.

With AI ExpertMeet, a confidential watermark function marks sensitive documents during meetings.

The ASUS ExpertBook Ultra also incorporates enterprise-focused protections through ASUS ExpertGuardian, including Trusted Platform Module 2.0, dual self-healing Basic Input/Output System, Microsoft Secured-core PC support, an ASUS Security Processor, a webcam privacy shutter, and a security architecture aligned with the National Institute of Standards and Technology Special Publication 800-193 process.

These capabilities target organizations and executives that prioritize cybersecurity, data privacy, and network security.

From the first meeting of the day up to the final decision, executives need a device that can keep pace with their demands. ASUS ExpertBook Ultra is designed to support that workflow with its AI-powered productivity tools, enterprise security, premium portability, and commercial-grade sturdiness.

Get P13,000 worth of gifts when you buy ASUS ExpertBook Ultra this August 2026

The ASUS ExpertBook Ultra is available starting at P129,995 at select ASUS authorized stores and tech stores nationwide.

Every ASUS ExpertBook purchase includes a 3-year battery and charger warranty extension, ensuring your device stays covered and performing at its best well into the future and upgradeable warranty of up to 5 years.

Where to Buy ASUS ExpertBook Ultra: https://ph.asus.click/ExpertBookUltra-WheretoBuy

ASUS ExpertBook Store – Lazada: https://ph.asus.click/ASUSExpertBookStoreLazada

ASUS ExpertBook Store – Shopee: https://ph.asus.click/ASUSExpertBookStoreShopee 

ASUS Business Philippines offers flexible configurations tailored to your organization’s specific requirements. For Volume Purchases, visit https://ph.asus.click/Business-VolumePurchase to get started.

ASUS Business Philippines is offering an exclusive Early Bird Bundle Promo for the ASUS ExpertBook Ultra. Purchase any unit of the ASUS ExpertBook Ultra until Aug. 31, 2026 from select tech stores and ASUS Expert Stores in Lazada and Shopee and get as much as P13,000+ worth of ASUS 100W GaN Charger and SSI Gift Certificates. DTI Fair Trade Permit No. FTEB-261070 Series of 2026.

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

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

South Asialink Finance Corp. (SAFC), one of the Philippines’ leading financing companies, is strengthening its collections operations by adopting AI Rudder’s conversational AI technology. As its customer base continues to grow, SAFC is investing in intelligent automation to enhance collection efficiency, improve customer outreach, and enable its collections teams to focus on higher-value interactions.

To support these efforts, SAFC has partnered with AI Rudder, a Singapore-headquartered enterprise conversational AI company, to deploy its AI Voice Agent solution. Designed specifically for high-volume customer engagement, AI Voice Agent conducts natural, two-way voice conversations with customers, enabling timely payment reminders, account follow-ups, and collections outreach at scale. Powered by advanced conversational AI, the solution delivers real-time, human-like interactions while ensuring consistent communication across every customer touchpoint.

By integrating AI Voice Agent into its collections workflow, SAFC is enhancing the efficiency of routine collections activities while allowing its collections specialists to focus on more complex cases that require empathy, negotiation, and human judgment. The solution also helps improve operational productivity, increase customer reach, and provide a more consistent and convenient experience throughout the collections journey.

The collaboration reflects SAFC’s ongoing commitment to modernizing its collections strategy through innovation. By leveraging conversational AI, the company is building a more agile and scalable collections operation that supports sustainable business growth while maintaining a customer-first approach.

“Our customers expect timely, convenient, and respectful communication throughout their financial journey. As our business continues to expand, we are committed to adopting technologies that help us strengthen our collections operations while delivering a better customer experience. This partnership with AI Rudder reflects our commitment to investing in the right tools that allow us to better serve our customers and operate more efficiently,” said Maricel D. Dejongoy, SAFC President and Chief Executive Officer.

“We’re excited to partner with SAFC as they transform their collections operations with conversational AI. Collections today are no longer just about improving operational efficiency, they’re also about creating better customer experiences through timely, personalized, and empathetic engagement. Our AI Voice Agent helps financial institutions scale their outreach while empowering human agents to focus on conversations where they can create the greatest value,” said Bianca Cheng, Chief Marketing and Revenue Officer of AI Rudder.

The collaboration between SAFC and AI Rudder reflects the growing adoption of conversational AI across the financial services industry. By combining SAFC’s expertise in consumer financing with AI Rudder’s advanced AI Voice Agent technology, both organizations are working to build smarter, more efficient, and customer-centric collections that support stronger business outcomes and long-term customer relationships.

About SAFC

SAFC (South Asialink Finance Corporation) is one of the leading non-bank financial institutions in the Philippines. For over two decades, it has empowered Filipinos by providing accessible and reliable financing solutions. With a nationwide network of around 100 branches and growing, SAFC plays a vital role in driving growth across communities, making financing more accessible to Filipinos who need it most. It serves as a trusted partner to micro, small, and medium enterprises (MSMEs), supporting business expansion and helping create meaningful economic opportunities. For more information, visit www.safc.com.ph.

About AI Rudder

AI Rudder is a conversational AI company that helps businesses automate customer interactions through AI-powered voice and digital communication solutions. By leveraging AI technology to enhance customer experience, AI Rudder has helped more than 100 companies improve the scale, speed, and quality of their customer interactions. Headquartered in Singapore, AI Rudder also has offices and operations in China, Indonesia, Malaysia, the Philippines, Mexico, and Brazil. For more information, visit www.airudder.com.

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

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

The projected rate is higher than estimates for Singapore at 19.3% and Malaysia at 18.2%, while attrition in some segments of the business process outsourcing (BPO) industry could exceed 30%, highlighting the growing challenge for companies competing for skilled workers.

The projected 20% turnover rate reflects “a fundamental shift in workforce expectations,” Mr. Sreenivasaiah said.

He said the problem is being driven by a growing gap between employee expectations and their day-to-day workplace experience. While companies continue to invest heavily in recruitment, employees are increasingly evaluating employers based on factors beyond compensation, including career growth, flexibility, workplace processes and overall well-being.

The Philippines is particularly exposed to these pressures because of the competitiveness of its talent pool. Filipino workers are highly skilled, English-proficient and digitally fluent, making them attractive to cross-border remote employers and the global IT-BPM industry.

“However, this global employability coincides with local friction,” Mr. Sreenivasaiah said.

According to Mr. Sreenivasaiah, Filipino employees remain among the most stressed workers in Southeast Asia despite also being highly psychologically attached to their work.

He said prolonged workplace friction can eventually outweigh employee loyalty, making retention a matter of balancing the competitiveness of the regional labor market with the realities of the local workforce.

For younger workers, meanwhile, salary increases alone are becoming a less effective retention tool.

Mr. Sreenivasaiah said compensation remains a basic consideration, but relying solely on pay increases is a reactive approach that can provide only temporary relief, particularly among Gen Z and millennial employees.

According to Mr. Sreenivasaiah, more than half of Filipino Gen Z professionals cite career growth as their primary reason for staying with an employer. This points to a broader shift in how younger workers assess their jobs, with continuous skills development, clear career pathways and workplace flexibility becoming increasingly important.

“When employees encounter slow legacy processes and unclear career roadmaps, financial incentives only delay resignations rather than prevent them,” Mr. Sreenivasaiah said.

He urged companies to move from “transactional retention” toward “relational retention,” including through HR technologies that reduce administrative friction and provide employees with clearer opportunities for advancement within the organization.

The BPO and shared services sectors face an additional challenge because of the cumulative operational pressures associated with the industry.

Mr. Sreenivasaiah said demanding schedules, rigid performance metrics, gaps in frontline leadership and fragmented HR systems can contribute to employee fatigue and frustration.

He recommended that BPO companies strengthen frontline management by giving supervisors better coaching tools and integrating workforce systems such as payroll, leave management and performance tracking.

“When employees feel supported by efficient infrastructure and see clear pathways for skill progression, they are far more resilient to the inherent demands of the sector,” he said.

Work arrangements are also becoming a more significant factor in retention decisions.

In major urban centers such as Metro Manila, Mr. Sreenivasaiah said flexibility is increasingly viewed not simply as an employee benefit but as an economic and well-being consideration. Mandatory return-to-office arrangements can translate into hours spent commuting, affecting employees’ take-home pay and quality of life amid rising living costs.

He said employers should avoid treating remote work and full-time office work as an either-or choice and instead develop well-governed hybrid arrangements.

Companies can use work-from-home options to reduce commute-related stress while maintaining structured in-person interactions for collaboration and workplace culture, he said.

“When flexibility is embedded into a well-governed, compliant HR framework, it directly strengthens talent retention without compromising operational oversight,” Mr. Sreenivasaiah said.

Beyond workplace policies, companies can also use workforce data to identify employees who may be at risk of leaving before they submit their resignations.

Mr. Sreenivasaiah said organizations should look beyond traditional indicators such as exit interviews and monthly turnover figures. Changes in participation in learning and upskilling programs, attendance and overtime patterns, as well as employee sentiment and survey feedback can provide earlier signals of potential attrition.

“Resignation is not an isolated event, but the culmination of subtle, observable workforce signals over time,” he said.

By combining employee feedback with workforce data, companies can identify potential attrition risks earlier and allow managers to intervene before employees decide to leave.

Employee well-being is another area where employers have made progress, although gaps remain.

Mr. Sreenivasaiah pointed to the growth of corporate wellness programs and stronger attention to workplace mental health frameworks. However, he said wellness initiatives alone cannot address the underlying causes of workplace stress.

Companies can still fall short when they treat well-being as a periodic check-in instead of an organizational priority. Unclear processes, excessive workloads and inefficient technology can continue to create stress even when wellness programs are available.

“True well-being requires addressing the root causes of workplace stress,” Mr. Sreenivasaiah said.

This includes streamlining workflows, setting realistic operational expectations and training managers to create psychologically safe workplaces.

For companies that are successfully retaining workers despite a competitive labor market, Mr. Sreenivasaiah said a common factor is treating talent management as an ongoing strategy rather than a periodic human resources exercise.

He identified data-driven compensation and benefits management, clear internal career pathways and digital-first HR services as practices that can strengthen retention.

Organizations can use market data to keep compensation and benefits competitive, while skill-based career pathways can help employees see opportunities for advancement without having to leave their current employer.

Digital HR platforms can also provide employees with faster access to payroll, benefits and personal information, reducing the everyday administrative friction that can contribute to workplace dissatisfaction.

Looking ahead, Mr. Sreenivasaiah said Philippine employers should focus on building more agile HR systems over the next 12 months.

This includes modernizing fragmented HR infrastructure, investing in employee training on emerging digital and artificial intelligence tools, and strengthening frontline leadership.

According to him, managers should move beyond administrative supervision and take on a greater role as career coaches who can understand and respond to employees’ needs.

Ultimately, the retention challenge requires companies to rethink the role of human resources.

“HR can no longer be viewed merely as an administrative support function. In a competitive regional landscape, an agile, data-ready HR ecosystem is a direct driver of strategic business performance and long-term enterprise value,” Mr. Sreenivasaiah said. — Kaizzer Angela Marie V. Manuba

The post Bic Runga brings “Sway” and her timeless hits to Manila this Octobe appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Angeline Quinto drops “Hindi Mawawala,” heartfelt anthem ahead of 15th anniversary concert appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Acoya Kicks Off New Chapter With “DUI,” an Intoxicating Take on Love appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Kyle Echarri’s “Pangako” rides TikTok trend to Billboard Philippines Hot 100 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Robert De Niro takes on chilling mystery in Netflix’s The Whisper Man, premiering August 28 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Delinquent Society marks a decade of music with “Gumagana Na” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The Philippines’ dollar reserves plunged to its lowest level in nearly two years as the central bank used its dollars to support the peso amid renewed volatility last month, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

Preliminary central bank data showed the country held $103.379 billion in gross international reserves (GIR) as of end-July, a level the regulator said “remained adequate.”

However, this reflected a 1.3% dip from the $104.745 billion the prior month, and a 1.93% drop from $105.418 billion a year ago.

This was the lowest GIR level in 18 months or since the $103.271 billion logged in January 2025, and marked the fifth straight month that the GIR level slipped on an annual basis.

In a statement on Friday, the central bank said its reserves shrank mainly due to its net foreign exchange operations, especially as the strong dollar weighed once again on the peso.

In July, reignited conflict in the Middle East jolted markets anew and triggered safe-haven demand for the greenback. This dragged the peso to its new historic low of P61.847 against the dollar on July 24, breaking its previous record of P61.75 on July 23.

Based on BSP data, the local unit continued to average above the P61 handle for a third straight month with P61.5963 per dollar in July.

The central bank also said the country’s GIR fell after the national government withdrew from its foreign currency accounts with the BSP to pay its external debts, with its total withdrawals exceeding its deposits during the month.

However, the decline was partly offset by higher valuations of the BSP’s gold holdings amid elevated global gold prices as well as the central bank’s net income from its foreign investments.

Dollar reserves are the central bank’s foreign assets held mostly as investments in foreign-issued securities, foreign exchange and monetary gold, among others.

These are supplemented by claims to the International Monetary Fund (IMF) in the form of reserve position in the fund and special drawing rights (SDRs).

As of end-July, the BSP’s gold holdings stood at $17.49 billion, rising by 1.72% from $17.194 a month earlier and by 26.89% from $13.783 billion the previous year.

Its reserve position in the IMF also inched up by 0.08% to $725.2 million from $724.6 million at end-June but dropped by 0.52% from $729 million a year ago.

Meanwhile, its SDRs — or the amount the Philippines can tap from the IMF’s reserve currency basket — climbed by 0.56% to $3.937 billion from end-June’s $3.915 billion and by an annual 1.22% from $3.89 billion.

The BSP’s foreign currency and deposits, however, decreased by 19.16% month-on-month to $1.849 billion at end-July from $2.287 billion. Year on year, it saw a sharper decline of 75.4% from $7.516 billion.

Its securities likewise dropped by 6.63% to $67.264 billion from $72.037 billion the prior month and by 7.81% from $72.958 billion in the same period last year.

On the other hand, its other reserve assets amounted to $12.115 billion in July, soaring by 41.08% from $8.587 billion at end-June. It was also nearly double the $6.542 billion seen a year ago.

The central bank noted that its end-July reserves could cover about 3.6 times the country’s short-term external debt based on residual maturity.

It likewise translates to 6.7 months’ worth of imports of goods and payments of services and primary income, exceeding the three-month standard.

“These provide sufficient foreign currency to meet the country’s import needs, service its external debt obligations, and serve as a buffer against external economic shocks,” the BSP said.

The BSP expects its foreign reserves to fall to $104 billion by end-2026 from the $110.8 billion it held last year.

Data from the State of the Filipino Virtual Assistant Industry report showed that the company’s monthly application volume increased from 10,857 in January to 23,874 in June, representing a more than double increase in the first half of the year.

“Everyone talks about the Philippines as a source of affordable talent,” VA Masters Founder and Chief Executive Officer (CEO) Alon Pearl said in the report.

“What the data actually shows is a talent pool so deep that we place fewer than one in 500 applicants,” he added. “The story here isn’t cost, it’s selectivity.”

A VA offers administrative, marketing, technical, and customer service support to clients from a remote office. Common tasks include managing email, handling social media, bookkeeping, data entry, and customer support.

Despite the rise in applications, the agency noted that only 0.20% of its applicants, or 327 out of 166,350, were actually hired by employers.

Throughout the hiring process, 49% are invited to a skills test, and only 8.3% complete the screening. Some 4.5% are scored and evaluated, while 1.2% can score an interview.

The majority of those who applied (61.5%) and got hired (69%) were female.

On the employers’ side, 69% of the agency’s clients are located in the United States. The United Kingdom, Singapore, Thailand, the United Arab Emirates, Europe, and other countries followed at 11%, while Australia and New Zealand trailed behind at 9%.

86% of VA demands also come from businesses with fewer than 50 employees. Of which, 53% are micro-businesses, 30% from small businesses, and 3% are solo-founders.

Larger companies, or those that handle over 200 employees, accounted for 8% of the demands, while mid-size companies accounted for 5%.

“The offshore VA model is above all a small-business growth tool,” the agency said. “For many, a VA is their first or second hire.”

The Philippines accounts for an estimated 38% of the global VA workforce, making it the single largest source of VA talent worldwide. The global virtual assistant services market is estimated to reach $6.5 billion in 2026, and is expected to hit $34 billion by 2030. — Almira Louise S. Martinez

The developments will consist of 80% socialized and 20% economic housing units, expanding the supply of quality, affordable homes in key growth areas across South and Central Luzon and helping meet the housing needs of Filipino workers and their families.

Department of Human Settlements and Urban Development Secretary Jose Ramon P. Aliling, who also chairs the Pag-IBIG Fund Board of Trustees, said the partnership reflects the administration’s continuing efforts to accelerate housing delivery through stronger collaboration with the private sector.

“As we continue to heed the directives of President Ferdinand R. Marcos, Jr., we are strengthening our partnerships with the private sector to accelerate the delivery of affordable homes for Filipino families. Through this partnership, we are bringing together government financing and private-sector capability to increase housing supply, help more Filipino workers achieve the dream of homeownership, create jobs, support industries and drive inclusive economic growth,” Mr. Aliling said.

To finance the construction of the housing developments, Pag-IBIG Fund will subscribe to preferred shares to be issued by PAAPDC amounting to P2.9 billion, payable in tranches. The investment will earn a fixed annual return of 9% over the next three years.

The investment underwent Pag-IBIG Fund’s comprehensive evaluation process, which included an assessment of the proposed developments, their locations and market demand, PAAPDC’s financial and operational capacity, and the safeguards incorporated into the transaction to ensure the continued protection of members’ savings.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the partnership reflects Pag-IBIG Fund’s continuing commitment to help more Filipino workers achieve homeownership while prudently investing members’ savings to generate secure and sustainable returns.

“This partnership demonstrates how Pag-IBIG Fund fulfills its dual mandate of helping more Filipino workers achieve the dream of homeownership while prudently investing and growing our members’ savings. By supporting the construction of more than 7,300 affordable homes through a prudent investment that provides stable returns, we protect our members’ hard-earned savings, sustain competitive dividends and strengthen our capacity to finance even more homes for Filipino workers,” Ms. Acosta said.

Pag-IBIG Fund is likewise assessing additional investment partnerships with qualified housing developers as part of its continuing efforts to accelerate the construction of socialized and affordable homes while generating secure and sustainable returns for members’ savings.

In the first half of 2026, Pag-IBIG Fund released P69.19 billion in housing loans to help 43,051 Filipino workers acquire their own homes. Socialized housing financing more than doubled during the period, with 6,601 minimum-wage and low-income members securing homes under the Expanded 4PH Program.

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

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

Every journey begins somewhere. More often, they’re built through the everyday moments that quietly move us forward. Today, journeys extend far beyond travel, unfolding through the everyday moments that shape how we work, create, connect, and pursue what matters most. Embracing this evolving way of moving, LOJEL expands its beloved NIRU Collection with six new styles thoughtfully designed to adapt to every moment.

Rooted in LOJEL’s philosophy of purposeful design, the expanded collection combines versatility with understated aesthetics, featuring durable recycled nylon paired with LWG Certified full-grain leather. Designed to transition seamlessly between environments while offering intuitive organization and everyday functionality. Designed for life in motion, NIRU adapts to every transition, making it a natural companion from here to everywhere.

LOJEL Niru Collection

Designed around this evolving lifestyle, the Niru Collection offers twelve silhouettes spanning weekender bags, backpacks, totes, slings, and crossbody bags.

Travel Bags

Designed for journeys that go beyond the everyday, NIRU’s travel bags offer spacious versatility without compromising on style. The 24H Overnighter is thoughtfully crafted for overnight stays and quick escapes, while the 48H Weekender provides generous capacity for extended weekends and short getaways.

Backpacks

Whether navigating daily commutes or exploring new cities, NIRU’s backpacks are built to move effortlessly with modern life. The Daypack delivers generous storage for work and travel essentials, while the Daypack Mini offers the same thoughtful organization in a more compact silhouette. Completing the lineup is the Journey Pack, which combines a roomy 35L capacity with two-way carry functionality, making it equally suited for business trips, spontaneous adventures, and everything in between.

Totes

Balancing practicality with understated elegance, NIRU’s tote collection adapts to every pace of the day. The City Tote is designed for everyday essentials, featuring spacious interiors and a convenient trolley sleeve, while the City Tote Plus offers additional capacity and enhanced organization for longer days on the move. For added versatility, the 3 Way Tote and 3 Way Tote Mini effortlessly transform between tote, shoulder, and crossbody bags, adapting to changing routines with ease.

Crossbody Bags

Created for effortless movement, NIRU’s crossbody collection keeps everyday essentials close while offering the flexibility to move hands-free. The City Sling Mini is designed for minimalist carry and can be worn as a crossbody, waist bag, or pouch, while the City Sling provides additional storage for daily necessities. Completing the category is the City Shoulder, a refined everyday companion that combines clean aesthetics with intuitive organization for life on the go.

The Faces of “From Here to Everywhere”

For a growing generation of Filipinos, movement has become part of everyday life — not simply between cities or countries, but between passions, professions, and possibilities. This latest chapter also marks the launch of From Here to Everywhere, LOJEL’s regional campaign celebrating the many ways people move through work, passion, creativity, and everyday life.

LOJEL Philippines partnered with individuals whose work reflects the many ways Filipinos move through the world. Artists, entrepreneurs, designers, musicians, and storytellers whose days rarely follow a single path, they represent a generation building meaningful careers through creativity, sustainability, curiosity, and purpose. Each portrait captures them within their own environment, spaces where ideas are created, communities are nurtured, and everyday journeys begin.

Each bringing a different version of what “everywhere” means.

From award-winning singer-songwriter Nica Del Rosario; restaurateur of OnlyPans Taqueria and entrepreneur Audrey Cruz; illustrator and founder of Ang Manileña, Ross Du; sustainable fashion designer and founder or RIOTaso, Rio Cuervo; perfumer and founder of Tadhana, Shale Albao; fashion stylist and creative director of Gotsauce Studios Jana Silao; model and dancer Agatha Gutierrez; landscape architect or CLARQ Landscape Design, Vincent Lim; photographer and documentary filmmaker Renzo Maano; creative director of Jagger Studios, Arj Madarang; and terrarium artisan of Moss Escape, Brian Dimarucot. Though they come from diverse disciplines, each is driven by creativity, purpose, and a passion for their craft. Photographed within the environments where they create and thrive. Together, they embody LOJEL’s belief that meaningful journeys are not measured by distance, but by the ideas we pursue, the lives we touch, and the purpose that moves us from here to everywhere.

The L’Essentiel Niru Collection Launch

The campaign officially debuted through L’Essentiel: The NIRU Collection Launch, an intimate gathering that brought together LOJEL’s community of media, ambassadors, creators, collaborators, and longtime friends of the brand. Inspired by the French word l’essentiel, meaning “the essential,” the event celebrated the people and relationships that continue to shape LOJEL’s journey while unveiling the expanded NIRU Collection and the regional From Here to Everywhere campaign.

LOJEL Niru Everyday Extension Exclusive Preview

An exclusive preview of the NIRU Everyday Extension Collection extension also gave attendees an early look at LOJEL’s latest everyday carry innovations. Thoughtfully designed to complement the collection’s existing lineup, the new silhouettes further reinforce the brand’s commitment to creating products that adapt effortlessly to modern movement.

The story doesn’t end with the campaign’s featured creatives. Through #FromHereToEverywhere, LOJEL invites everyone to contribute their own journeys, building a community shaped by authentic experiences. As these stories unfold, they transform individual experiences into a growing archive of journeys that resonate far beyond geography. Because every meaningful destination begins somewhere.

The Niru Collection is now available at the LOJEL store on Level 2, South Main Mall, SM Mall of Asia, at The Travel Club stores nationwide, Rustan’s Makati, select SM Stores, and online via The Travel Club. Follow @lojeljourneys and @primergroup on Instagram and join the conversation by sharing where your Niru takes you using #FromHereToEverywhere, #LojelPH, and #LojelJourneys.

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

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

In the 2026 Microsoft Work Trend Index Annual Report released on Friday, one in four Filipinos, or about 25%, are classified as “Frontier Professionals,” a category given to the most advanced users of AI. This is above the global average of 16%.

Filipinos are also 56% more likely than the global average to be operating at the most advanced level of AI use.

“Note the distinction: This is not adoption, it’s maturity. It’s a signal of maturity,” Josh Aquino, head of communications for Microsoft Philippines, said during the report’s launch.

Frontier Professionals, Mr. Aquino said, are AI users who employ AI agents for complex, multi-step workflows and redesign work around what AI does well.

These users also set quality standards for their teams and continue to think critically, refusing to outsource their judgment to AI.

The Philippines also led the global average across every key measure in the study. It found that 77% of Filipino respondents said they could produce work they were incapable of doing a year ago. Meanwhile, 65% identified critical thinking as the most important human skill, 59% cited quality control of AI-generated output as the top priority, 93% said they treat AI output as a starting point rather than a final answer, and 86% said they remain responsible for the thinking behind their work.

While the Philippines ranks above the global average in terms of the share of advanced AI users, Filipino Frontier Professionals still want to retain the human touch in their work. About 53% said they intentionally complete some tasks without AI to keep their skills sharp, while 61% said they deliberately pause before starting work to determine which tasks should be handled by AI and which should remain human-led. Both figures are above the global average.

“Our most advanced users are the most deliberate about staying human. This is not hesitancy, it’s discipline,” Mr. Aquino said.

The report also found that while Filipino workers are rapidly adopting AI, many organizations have yet to fully catch up with the technology’s transformation.

Microsoft described this as the “Transformation Paradox,” where employees are embracing AI faster than the organizations they work for.

About 35% of Filipino AI users said their company’s leadership is clearly and consistently aligned on AI, higher than the global average of 26%.

Still, 66% of respondents said they worry they will fall behind if they fail to adapt quickly to AI, while 53% admitted it feels safer to focus on existing priorities than redesign work around the technology.

Only 25% said they are rewarded for reinventing how they work using AI, although this was nearly double the global average of 13%.

The study also found that advanced AI users, or Frontier Professionals, receive stronger workplace support than their peers.

Among Frontier Professionals, 86% said their managers openly use AI and set quality standards for AI-assisted work, while 87% said their managers encourage teams to take more ambitious approaches in redesigning work.

Their teams also collaborate more actively in adopting AI. About 74% regularly brainstorm ways to identify AI opportunities in business processes, compared with 55% among non-Frontier teams. Meanwhile, 61% said they actively share AI tips, tools, and lessons learned, while 56% discuss quality standards for AI-assisted work.

Microsoft said organizational factors, such as workplace culture, manager support, and talent practices, have more than twice the influence on successful AI transformation than individual mindset and behavior alone, accounting for 67% of the impact compared with 32%.

The company cited PLDT Inc. and Smart Communications, Inc. as examples of organizations embedding AI into everyday operations after rolling out 1,000 Microsoft 365 Copilot licenses across their workforce.

The report also noted the accelerating pace of AI adoption, with AI agents growing 15-fold year on year across the Microsoft 365 ecosystem and 18-fold among large enterprises.

Microsoft said organizations that are able to capture, share, and scale what employees learn from working with AI—or what it calls a “Learning System”—will be better positioned to create long-term business value.

The 2026 Microsoft Work Trend Index Annual Report was based on a global survey of 20,000 full-time employees across 10 countries, including the Philippines, conducted from Feb. 18 to Apr. 20, 2026. The study also drew from trillions of anonymized Microsoft 365 productivity signals and interviews with experts in artificial intelligence, work, and organizational psychology. — Edg Adrian A. Eva

Awich will embark on a bold new artistic chapter this November as she headlines the inaugural Japanese edition of Red Bull Symphonic. Renowned for pairing internationally celebrated artists with full orchestras, the concert series will see Awich perform alongside the Tokyo Secret Orchestra, conducted by Mika Takayama.

For the first time, Awich’s catalogue will be reimagined through newly commissioned symphonic arrangements, transforming her signature sound into an expansive live performance that bridges the raw energy of hip-hop with the scale and emotion of a full orchestra.

Known for continually pushing creative boundaries, Awich sees the collaboration as a meaningful milestone in her artistic journey.

“Hip-hop is a genre born from the use of sampling and beats in environments where access to traditional instruments was often difficult. Being able to reconstruct my songs with an orchestra feels like a significant milestone and holds deep meaning for me. I hope to deliver a cinematic musical experience—something that feels like watching an epic film,” says Awich.

Created exclusively for Red Bull Symphonic, the new arrangements go far beyond orchestral accompaniment. Each song has been reconstructed from the ground up, with every element—from melody and rhythm to harmony—reinterpreted while preserving the spirit of the originals, offering audiences an entirely new way to experience Awich’s music.

The performances will take place at four of Japan’s most prestigious concert halls: The Symphony Hall in Osaka on 17th of November, Fukuoka Symphony Hall on 19th of November, Sendai Bank Hall Izumity 21 on 25th of November and Yokohama Minato Mirai Hall on 27th of November.

Following acclaimed editions featuring international artists including Metro Boomin, Asake, and Rick Ross, Awich now joins the Red Bull Symphonic lineup as its first Asian artist, bringing her distinctive voice and artistry into a bold new musical setting.

Advance ticket sales begin on Friday, August 7 at 6:00 PM (JST). Additional event details can be found via Red Bull Symphonic.

The post Mike Flanagan’s ‘Carrie’ premieres on Prime Video on October 7 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post soundcore Rave 3S brings AI-powered karaoke to every celebration appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Nameless Kids unveils heartfelt new single “Temporary” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Alexa Ilacad and the S.O.S.H. Girls fight back in the finale of “Miss Behave” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Rebuilding Broken Rooms: Alden Richards sheds light on the Philippines’ learning crisis appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Ella Beatty transforms into Lizzie Borden in Netflix’s ‘Monster: The Lizzie Borden Story appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Cha Tae-hyun and Uhm Ji-won team up for Netflix family action-comedy ‘Two Cops and Five Kids’ appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Alexa Ilacad and Gelo Rivera’s The Chambermaid’s Daughter Season 2 tops iWant in the Philippines, ranks No. 2 worldwide appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Harana Music Festival 2026 promises an intimate OPM experience this November appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Lala Vinzon introduces “Ako at Ikaw Lang” and “Karma” in DNA Music debut appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post FEU student films selected for Binisaya International Film Festival 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post AltG Records’ Plume embraces bittersweet goodbyes in new single “Ikot” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post “Stay a Little Longer” explores memory, love, and identity in an intimate Cebu staging this August appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Dingdong Dantes returns as host, Gabbi Garcia joins “The Voice Kids” as journey host appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Ice Seguerra brings “Pagdating ng Panahon” 25th anniversary world tour to Australia appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Maki’s pink era continues with a leap of faith in new single “luck” with James Reid appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Netflix sets August 28 premiere for Korean mystery thriller Mousetrap appeared first on COUNTER FLOW :: www.FlowGalindez.com.

“With IELTS, what we’re really proud of when it comes to the service and the test that we offer is that there is still human intervention,” Danica Tuliao, senior exams marketing manager at British Council Philippines, said in an interview during the organization’s annual exams partner gathering.

“In our speaking test, we have a live human examiner that test takers speak with because that’s actually the best measure of how you communicate with people,” she added.

Ms. Tuliao said the English language assessment landscape locally has become increasingly competitive in recent years, with providers offering specialized examinations for industries such as healthcare, as well as fully AI-based tests that do not require interaction with a human examiner.

Despite these developments, she said IELTS continues to adopt a hybrid approach by integrating AI features while preserving human assessment in key components of the examination process.

“We really feel strongly that the IELTS (approach) can definitely address the purpose of each test taker and help them achieve their dreams and goals,” Ms. Tuliao said in mixed English and Filipino.

The British Council has incorporated AI-powered tools into its IELTS Ready Premium preparation platform, allowing test takers to track their progress and receive automated support while preparing for the examination.

The global English proficiency testing market is estimated at $3.1 billion in 2025 and is projected to reach $5.5 billion by 2032, according to market research firm Metastat.

This represents a compound annual growth rate (CAGR) of 8.5% between 2025 and 2032.

Ms. Tuliao said English language assessments such as IELTS remain crucial for individuals seeking opportunities overseas, particularly for studying, working, and migrating to countries that require proof of English proficiency.

Different institutions, professions, and countries impose varying score requirements depending on the level of English language competency required. — Edg Adrian A. Eva

On Thursday, the Pasig City Regional Trial Court Branch 152 issued a 20-day temporary restraining order against the implementation of Wage Order No. 27, which granted a P85 daily minimum wage increase for private-sector workers in Metro Manila.

The order suspends the first tranche of P60, which took effect on July 25, to be followed by an additional P25 in January 2027.

Labor Secretary Francis N. Tolentino said employees who have already received the initial wage increase will not be required to refund the amount.

“The workers already have a vested right, so that should not be returned… because at the time it was received, there was no order from the National Wages and Productivity Commission that it was suspended,” Mr. Tolentino said in a statement in Filipino.

He said the Office of the Solicitor General will lead the legal efforts and represent the national wage commission in the court proceedings.

The legal challenge was initiated by two construction firms who argued that the “abrupt” mandated increase would be entirely absorbed by their budgets, leading to sustained deficits and potential job cuts.

Sarah Buena S. Mirasol, chairperson of the NCR wage board, maintained that the wage board operated within its legal mandate in issuing the wage hike.

She added that the plaintiffs should have exhausted administrative remedies by appealing to the national commission before seeking judicial intervention.

“We are confident of the fact that we followed due process, and we follow the process as provided in the guidelines for the minimum wage fixing,” Ms. Mirasol said.

She added that any request for a restraining order should demonstrate “harm to all minimum wage earners rather than a specific sector.”

The government plans to argue for the hike’s validity in the upcoming August 3 hearing. — Erika Mae P. Sinaking

LOWER oil prices and increased consumer spending as classes reopened helped Philippine business sentiment recover in June after three straight months in negative territory, a survey by the Bangko Sentral ng Pilipinas (BSP) showed.

The BSP’s monthly business expectations survey (BES) yielded a 0% current-month confidence index (CI) in June, improving from the -25.2% in May.

A neutral or zero CI shows that optimistic and pessimistic respondents are nearly equal in number. A positive CI shows that more respondents are optimistic than pessimistic, while a negative CI shows otherwise.

“Philippine business sentiment improved in June as firms expected lower oil prices and energy costs to support increased business activity during the period, results of the latest Business Expectation Survey show,” the central bank said in a statement on Friday.

“BES data also show firms anticipated a boost in consumer spending following the reopening of schools during the month.”

The survey also showed businesses were more optimistic for the third quarter and the next 12 months.

For the next three months, firms’ CI stood at 18.8%, jumping from the 0.6% recorded in May, amid optimism that was driven by expectations of higher household consumption and easing inflation pressures.

Meanwhile, their CI for the year ahead rose to 42.4% in June from 27.8% in May as they anticipate stronger demand for goods and services among consumers, as well as better local and global economic conditions amid hopes of a resolution to the Middle East war.

However, businesses surveyed still expect inflation to remain above the BSP’s 4% ceiling, with their year-ahead projection at 5.6%. Still, this was slower than their 5.9% estimate in May.

“Businesses that expect higher inflation were concerned about higher energy cost and supply constraints, the ongoing Middle East conflict, (and) peso depreciation,” the central bank said.

Inflation as of June averaged 4.8% as high oil prices and spillovers to other key commodities continued to drive the headline print past the BSP’s tolerance range.

The central bank expects inflation to average 6.4% this year.

TIGHTER FINANCIAL CONDITIONS
Meanwhile, Philippine firms see tightening financial conditions but slightly easing credit access, citing stiff domestic competition, insufficient demand, and financial concerns.

Businesses’ financial condition index, which gauges their general cash position considering the level of cash and other cash items and repayment terms on loans, worsened to -26.8% in June from -25.7% in May.

On the other hand, their credit access index improved month on month to -5.7% from -7.3%. This refers to the firm’s external environment, such as the availability of credit in the banking system and other financial institutions.

Firms’ average capacity utilization for the industry and construction sectors also climbed to 73.9% in June from 70.5% last month.

Meanwhile, Philippine businesses’ employment outlook index fell to 1.8% from 11.9% for the next three months, and to 20.2% from 20.4% for the coming year.

However, the survey showed that more firms were willing to expand, with 20.4% saying they are looking to boost operations over the next quarter from 9.7% in May. For the year ahead, 18.7% expressed their intent to expand, higher than the 11.8% a month ago.

“Overall, the favorable business outlook could support economic growth for 2027,” the central bank said.

The BSP surveyed 515 firms nationwide, with 193 coming from the National Capital Region (NCR) and 322 from areas outside NCR, from June 5-30.

Chief Commercial Officer of DITO Telecommunity Adel A. Tamano said the partnership with the multinational convenience store chain is anchored on their shared commitment to innovation, customer value, and growth.

“By combining our strengths, we aim to create more meaningful experiences for Filipino consumers while opening new opportunities that will benefit both organizations,” Mr. Tamano said in a statement released on Thursday.

“We look forward to building a partnership that reflects our shared vision of delivering greater choice, convenience, and value to the communities we serve,” he added.

Under the partnership, customers can now purchase DITO Starter Packs — which include a SIM card preloaded with up to 25 gigabytes of bonus data, among other inclusions — at more than 200 Lawson stores in Metro Manila.

The initiative makes reliable connectivity more accessible while providing greater convenience and value to Filipinos, according to Tsunaka Nakanishi, vice-president of Lawson Philippines.

DITO said the collaboration marks another milestone in the company’s continued expansion of its retail footprint while empowering Filipinos with accessible, high-quality digital connectivity. — Edg Adrian A. Eva

The campaign celebrates “self-expression and modern living by helping today’s generation build a dynamic lifestyle that fits right into their routines,” the company said in a statement released Thursday.

Reflecting the brand’s youthful character is Filipino actor Donny Pangilinan, who serves as Simplus’ ambassador.

The company said his personable and relatable personality inspires young adults to embrace independence and build comfortable, functional homes.

As part of the anniversary celebration, Simplus participated as an official sponsor of Circus Music Festival 8 in Pasig City, where it showcased its products through an interactive booth in partnership with Automatic Centre.

The company also hosted a product experience event for content creators featuring its kitchen, personal care, and home living appliances.

Separately, Simplus partnered with the National Book Store Foundation, Inc. to donate school supplies, classroom materials, and select home appliances to Capt. H. Francisco Elementary School-Annex in Taguig City to support students ahead of the new school year.

The company is also holding an online campaign in which participants can share their “Live Young” moments using Simplus products for a chance to receive anniversary gift packages. — Edg Adrian A. Eva

The post Jae Laurent kicks off his next musical era with “LOWKEY” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Dulaang UP marks 49th theatre season with bold reimagining of Rizal’s novels appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Noa faces her biggest goodbye as “Nurse the Dead” reaches emotional season finale on iWant appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post WRIVE marks first anniversary with sold-out fan celebration, teases August release of “Sumayaw Ka” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Maia Reficco and Eva Longoria star in “The Last Sunrise,” streaming exclusively on Prime Video August 26 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Jade Riccio brings the emotions of Nurse the Dead to life in “The Denial Song” music video appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Jazper Tiongson turns life’s defining moments into music with debut EP Mga Kabanata appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Lee Chang-dong’s Possible Love to debut on Netflix November 6 following Venice and Toronto screenings appeared first on COUNTER FLOW :: www.FlowGalindez.com.

PRESIDENT Ferdinand R. Marcos, Jr. on Monday asked Congress to pass a package of tax measures, including broader income tax exemptions for low- and middle-income earners and tax exemptions for micro, small, and medium enterprises, as he laid out his administration’s legislative priorities for the remainder of his term.   

In his fifth State of the Nation Address (SONA), Mr. Marcos also sought congressional approval of measures updating the country’s tax system, alongside bills that would amend the National Building Code, modernize the 25-year-old Ecological Solid Waste Management Act and establish a law to make rooftop solar panels and battery storage systems more accessible to households.

“To ensure the continued progress of the middle class amidst the lingering effects of the crisis, we will pursue tax relief measures that promote growth, generate revenue and advance equity toward socioeconomic sustainability,” he said in his speech that lasted an hour and 26 minutes.

Mr. Marcos said that the proposed tax reforms aim to protect the purchasing power of Filipinos who have felt the brunt of global economic volatility.

He called for the expansion of the current income tax framework to include more workers in the tax-exempt bracket.

“As a unique protection for them and so they can benefit more from their hard-earned income, I call on Congress to pass the law that will provide partial relief for our tax payments,” Mr. Marcos said.

“First, let us expand the exemption for income tax. Let us increase the number of workers who will be exempt from taxes on their income. We will include those earning not more than P350,000 per year,” he said.

This move would be accompanied by reduction in the income tax rates for other workers to ensure a fairer distribution of the tax burden.

He proposed a “one-time tax abatement” for microentrepreneurs to provide relief to those whose earnings have suffered during the recent period of economic hardship.

“Second, small businesses will no longer be subjected to the minimum corporate income tax,” he said.

The President pushed for a comprehensive tax amnesty covering unpaid income, estate, donor’s, and value-added taxes, including the waiver of associated penalties.

The fiscal space for these reforms is being carved out through a rigorous anti-corruption campaign, particularly within the Department of Public Works and Highways (DPWH).

Mr. Marcos said that the Office of the Ombudsman is close to filing cases against his cousin and former Speaker Ferdinand Martin G. Romualdez in relation to the flood control corruption scandal.

“Masakit man sa akin ito ngunit kailangan nating gawin ang tama. Hindi ako Pangulo ng aking pamilya. Hindi ako Pangulo ng aking kaibigan. Ako ay Pangulo ng Pilipinas (Painful as it is for me, but we have to do what is right. I am not the President of my family. I am not the President of my friends. I am the President of the Philippines),” he said.

In a statement on Monday, Mr. Romualdez said he has done nothing illegal and is ready to prove it.

AMENDMENTS TO EPIRA SOUGHT
Also, Mr. Marcos called on lawmakers to approve a bill removing system loss charges from consumers’ electricity bills, saying the measure would complement the administration’s planned tax relief package by lowering electricity costs for households and businesses.

“It is not the fault of consumers why there are system losses. So, it is not right that consumers have to pay for this. Therefore, we, the people, request — no, we demand for the immediate amendment of the EPIRA (Electric Power Industry Reform Act), and to prohibit charging system loss against consumers including the value-added tax thereon,” he said in Filipino, receiving a standing ovation from the audience.

Mr. Marcos also pushed for the passage of the  “Sariling Kuryente” Act to make the installation of rooftop solar panels and battery storage systems in homes “simple, easy, and affordable.”

The President said the government would continue directing funds to education, healthcare, food security and infrastructure, citing savings from its campaign against corruption, including irregular flood control projects.

Mr. Marcos reiterated support for the Public Utility Vehicle Modernization Program, saying its implementation would be “humane, affordable and just.”

He also reaffirmed the government’s target of having electric vehicles (EV) account for half of all vehicles in the country by 2040 while supporting investments across the EV value chain, including vehicle assembly, battery manufacturing and related parts.

He also announced that the 12 stations of the Metro Rail Transit (MRT) Line 7 will open by next year. “After nearly three decades, there will be a new MRT line extending to Sacred Heart, Quezon City, from North Avenue. And someday, it will reach all the way to San Jose Del Monte, Bulacan,” he added.

Mr. Marcos also touted the planned Pax Silica industrial hub, which he says would “bring quality jobs to our people, accelerate our industrial competitiveness and revitalize our economy.”

“Let us continue the work that we have started, to make the Philippines the country that Filipinos deserve,” the President said.

‘CHALLENGE IS EXECUTION’
Meanwhile, Management Association of the Philippines President Donald Patrick L. Lim said the group is encouraged by Mr. Marcos’ strong emphasis on key priorities such as job creation, food security, affordable energy, and support for small businesses, among others

“The challenge now is execution. Businesses are looking for clear implementation timelines, policy consistency, and close collaboration between government and the private sector. We hope Congress will quickly translate these priorities into legislation where needed, while the Executive ensures that programs are implemented efficiently and their benefits are felt by ordinary Filipinos,” Mr. Lim said in a Viber message.

Ederson DT. Tapia, a political science professor at the University of Makati, told BusinessWorld that Mr. Marcos’ SONA was ambitious and clearly responsive to the immediate concerns of ordinary Filipinos.

“However, many of the commitments were presented as programs rather than measurable reforms. The major test is implementation: clear timelines, funding, accountable agencies and concrete outcomes,” Mr. Tapia said.

“The speech was also notable for what it avoided: impeachment, political dynasties, human rights, budget insertions and deeper institutional reforms. In this sense, it was strong on assistance and aspiration, but less complete on structural political change,” he added.

Federation of Philippine Industries Chairperson Elizabeth H. Lee welcomed the President’s directive to lower power costs, saying it is “essential to placing Philippine manufacturing on equal footing with our ASEAN (Association of Southeast Asian Nations) peers.”

“Paired with long-term energy security — through nuclear exploration, natural gas, hydrogen, and renewables — these reforms can build true industrial resilience,” she said in a Viber message.

Thousands of protesters from labor, teachers, youth, urban poor and other sectoral groups marched along Commonwealth Avenue for the people’s SONA, presenting what they described as the country’s “true state of the nation” ahead of the President’s speech.

The demonstrators called for higher wages, increased funding for education and social services and greater government accountability, while criticizing the administration over corruption, poverty, militarization and foreign influence. — with Beatriz Marie D. Cruz and Kaizzer Angela Marie V. Manuba

Called the Alliance of Truthful Information and Narratives on the West Philippine Sea (ATIN WPS), the effort taps Filipino fishermen in recognition of their direct connection to developments in the disputed waters, being among the most affected by Chinese incursions in the area.

BFAR launched the initiative in a ceremony that gathered over 80 fisherfolk leaders from across the country, along with leaders from BFAR, the Local Government of Zambales, the Philippine Coast Guard (PCG), the National Security Council (NSC), and other partner institutions. Together, they formed a united front to strengthen the role of coastal communities in promoting truth, maritime awareness, and responsible information sharing.

In remarks during the launch, BFAR National Director Elizer S. Salilig underscored the indispensable role of Filipino fisherfolk in asserting the country’s claim to the West Philippine Sea in the face of escalating tensions.

“Our fisherfolk navigate the West Philippine Sea every day, ensuring our food security while anchoring our nation’s presence in these tense waters. Through ATIN WPS, we recognize their role as the true frontline guardians of our sea,” said Mr. Salilig.

“By equipping them with accurate knowledge and empowering them to counter misinformation, we are transforming our fishing communities into credible voices of truth. This is a vital step in safeguarding not only our marine resources, but the integrity of our national narrative,” he added.

National Security Council Director Romeo Racadio, meanwhile, highlighted the importance of protecting the information space alongside the country’s maritime domain.

“Just as crucial as protecting our territory, we must protect the truth. Misinformation and disinformation pose significant challenges to the nation’s interests, and fact-based narratives are essential in fostering public understanding of the West Philippine Sea. This is where our fisherfolk play a key role,” said Mr. Racadio.

As part of ATIN WPS, fisherfolk underwent technical training that sought to equip them with factual, evidence-based, and legally grounded knowledge on the West Philippine Sea, enabling them to counter misinformation and disinformation as trusted sources in their respective communities.

The training included lectures on the legal and historical foundations of the West Philippine Sea, the 2016 Arbitral Award that favored the Philippines’ claims against China, maritime entitlements, responsible conduct at sea, and practical approaches to identifying and addressing misinformation and disinformation.

It highlighted the important role that fisherfolk play in ensuring that accurate and verified information reaches coastal communities across the country.

ATIN WPS is part of the Philippines’ whole-of-nation approach to protecting the West Philippine Sea by ensuring that coastal communities are active partners in advancing truthful narratives.

The initiative is supported by the United States Embassy Manila’s Fish Right Project, demonstrating a shared commitment with BFAR to strengthen community engagement, promote knowledge sharing, and encourage the responsible use of accurate information about the West Philippine Sea.

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

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

Speakers at the rally accused the administration of failing to address rising living costs, inadequate social services, and alleged corruption, while calling for greater government accountability.

Kabataan Party-list representative Renee Louise Co said poverty persisted because government resources were not being used to improve public services.

“We are not poor by accident. We are poor because public funds are squandered instead of being used for essential social services,” she said in Filipino during the program.

She added that more aspects of public life had been privatized while the prices of basic commodities continued to increase.

“We are poor because basic services remain underfunded while more aspects of our lives are privatized. At the same time, the prices of food, meat, and other basic necessities continue to rise,” she said in Filipino.

Ms. Co also criticized the government’s foreign policy, saying it prioritized foreign interests over those of Filipinos. “Is this really for so-called global development? No! It serves the political, economic, and military interests of the United States in Southeast Asia,” she said.

GABRIELA Party-list Rep. Sarah Jane I. Elago said the rising prices of essential goods and limited access to jobs, housing, and healthcare reflected what she described as the government’s failure to meet the needs of ordinary Filipinos.

“The prices of rice, fuel, and electricity continue to rise. There is a shortage of jobs, housing, and basic social services,” she said in Filipino.

Ms. Elago said poor families, farmers, fisherfolk, and workers continued to bear the burden of economic hardship.

“Poor families are sinking deeper into debt because they cannot even afford enough food. Farmers are burdened with debt, fisherfolk lack the capital to provide for their families, and ordinary Filipinos are driven into debt because they cannot afford hospital bills and medicines.”

She urged the government to lower the prices of basic goods, abolish the value-added tax (VAT), increase wages, and expand support for agriculture and livelihood. “We are demanding action on the people’s long-standing calls that the government has failed to address.”

ACT Teachers Party-list Rep. Antonio L. Tinio questioned the government’s assertion that funding constraints had limited investments in public services, arguing that corruption had diverted resources intended for education, healthcare, and housing.

“The government says it has no money for classrooms. The government says it has no money for hospitals, housing, and educational supplies. Do you believe that?” he asked the crowd in Filipino, to which the crowd answered “No.”

Mr. Tinio alleged that “not just billions but trillions of pesos” had been lost through flood control scams and criticized what he described as selective anti-corruption efforts.

“Any anti-corruption campaign will remain selective, unjust, and lacking in credibility if those allegedly involved in the flood control scandals are not held accountable all the way up to Malacañang,” he said.

The People’s SONA is held annually by progressive organizations as an alternative assessment of the country’s conditions. Organizers this year called for higher wages, greater public spending on education, healthcare, and housing, stronger support for farmers and fisherfolk, and accountability for alleged corruption in government. — Kaizzer Angela Marie V. Manuba

The Bangko Sentral ng Pilipinas (BSP) sees only a “small chance” of more aggressive monetary policy tightening this year, despite renewed volatility and expectations of a second-half economic recovery.

BSP Governor Eli M. Remolona, Jr. said they could be more aggressive in raising the key policy rate, potentially with a larger 50-basis-point (bp) move, amid fresh and emerging threats to inflation.

“May chance naman pero baka maliit na chance (There’s a chance but it could be small),” Mr. Remolona told reporters on the sidelines of a BSP event on Tuesday.

The central bank governor noted that the new tax reforms pushed by President Ferdinand R. Marcos, Jr. during his State of the Nation Address (SONA) on Monday may have an impact on the country’s inflation.

“We’re still estimating it,” he said in Filipino. “But there is (an impact). The major impact will be in 2027, with a smaller one in 2028.”

Mr. Marcos called on the Congress to pass several tax measures, including raising the threshold for income tax exemptions for low- and middle-income earners and tax breaks for micro, small, and medium enterprises.

PESO
Meanwhile, Mr. Remolona also noted that the peso’s recent slump to a new-record low could stoke inflation as it pushes import costs higher.

Soaring oil prices amid renewed conflict in the Middle East dragged the peso to a fresh low of P61.847 against the greenback on Friday, down 9.7 centavos to break its previous record-low of P61.75 on Thursday.

However, Mr. Remolona said the latest record low peso-dollar exchange rate is a “misleading number” as other currencies also suffered from the greenback’s strength last week.

“But that’s a misleading number because exchange rates were moving, right? You’re looking only at peso-dollar, right?” he said. “But the rest of the world has been, their currencies have been weakening against the US dollar.”

Still, Mr. Remolona noted that the BSP intervened very minimally in the foreign exchange market.

“When it’s a strong dollar, we limit intervention to just maintain orderly markets. Because if we intervene against a strong dollar, we’re just helping the rest of the world get their dollars,” Mr. Remolona said.

“Binibigyan natin sila ng dollars. So wala tayong laban sa ganon. Uubusin lang natin yung dollars natin. (We give them dollars. So we can’t compete with that. We will just use up our dollars),” he added.

The market sees the local unit testing new lows this week as rising oil costs fuel inflation concerns.

The BSP chief’s policy outlook also came as he reaffirmed their projection that the economy would rebound by the latter half of the year despite fresh inflationary threats.

As the first digital-only bank in the Philippines licensed by the Bangko Sentral ng Pilipinas (BSP), Tonik continues to evolve alongside the changing expectations of digital banking users. With customer engagement activities becoming increasingly diverse, the bank recognized the importance of having a more effective approach to review customer interactions and support continuous improvements in its operations.

To support its evolving customer engagement strategy, Tonik partnered with AI Rudder, a Singapore-based conversational AI company, to deploy AI-powered solutions across its customer communication operations. AI Rudder’s technology enables the bank to better understand, analyze, and optimize customer interactions, providing valuable insights that help improve operational efficiency, maintain service quality, and support more consistent customer engagement. Built for enterprise-scale customer engagement, AI Rudder provides an AI platform that enables Tonik to manage and optimize customer interactions across multiple communication channels.

With this approach, Tonik can establish a more structured way to evaluate customer interactions and support teams in maintaining consistency across different customer-facing activities.The solution also supports teams in identifying opportunities to improve operational processes over time.

The partnership reflects Tonik ’s continued focus on adopting technology that supports its digital banking development. By working with AI Rudder, the bank continues to explore opportunities to strengthen its capabilities and build a more responsive approach to customer engagement.

“Delivering a seamless and responsive customer experience is a key priority for Tonik. By working with AI Rudder, we’re leveraging AI-powered technology to enhance customer engagement, improve operational efficiency, and provide more consistent, high-quality service across our customer interactions. We look forward to continuing this collaboration as we further strengthen our customer experience capabilities,” said Tomasz Borowski, COO of Tonik.

“We’re pleased to collaborate with Tonik in supporting its efforts to enhance customer engagement through AI-powered technology. This partnership reflects our shared commitment to helping financial institutions improve operational efficiency, better manage customer interactions, and deliver more consistent experiences through the use of conversational AI,” said Kevin, COO of AI Rudder.

The collaboration between Tonik and AI Rudder reflects the continued evolution of digital banking, where technology is becoming an important part of how financial institutions adapt to changing customer expectations and develop more effective ways of engaging with customers.

About Tonik

Tonik is the first digital-only bank in the Philippines to receive a banking license from the Bangko Sentral ng Pilipinas (BSP). The bank offers a range of technology-driven financial services designed to meet customers’ everyday banking needs. By integrating digital technology across its operations, Tonik Bank is committed to providing a banking experience that is simple, secure, and accessible. For more information, visit https://tonikbank.com.

About AI Rudder

AI Rudder is a conversational AI company that helps businesses automate customer interactions through AI-powered voice and digital communication solutions. By leveraging AI technology to enhance customer experience, AI Rudder has helped more than 100 companies improve the scale, speed, and quality of their customer interactions. Headquartered in Singapore, AI Rudder also has offices and operations in China, Indonesia, Malaysia, the Philippines, Mexico, and Brazil. For more information, visit www.airudder.com.

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

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

Independent pop artist Estelle Fly is back with her first release of the year – ‘Bury it’ – a song about the power of unspoken attraction and the tension of deep yearning for someone you can’t fully have.

‘Bury it’ marks a defining new chapter in Estelle’s music career. Confident and unapologetically herself, the single embraces vulnerability and desire with newfound conviction, signalling a new era that pushes her sound forward while introducing herself to listeners old and new.

“This song feels like both an ending and a beginning,” said Estelle. “It represents me beautifully closing the chapter of everything that’s brought me to this point, and introducing what I like to call an era where I am exploring the concept of desire.”

“It’s an era where I finally have the freedom to explore ideas and emotions I’ve always wanted to write about. Not just about love, but also longing, vulnerability, confidence, attraction, and all the beautifully complicated parts of being human that I don’t always share openly.”

Listen to Estelle Fly’s ‘Bury it’ here

“Sonically, I wanted ‘Bury it’ to feel intimate and somewhat hypnotic, almost like you’re caught in a memory you don’t really want to leave. Lyrically, there’s a lot that’s intentionally left unsaid that is expressed through the music. Sometimes the strongest emotions are not the ones we confess, but the ones that we keep to ourselves.”

“With ‘Bury it’, I wanted to capture the tension of yearning for someone, but knowing you can’t fully have them. The feeling of the push and pull between wanting someone and choosing not to act on it is exciting, confusing and strangely addictive all at once. This feeling that we end up burying is usually the one that we remember the longest.”In the music video for ‘Bury it’, Estelle plays an actor who is often cast as on-screen lovers with her co-star. Off camera, they’ve always been good friends, but over time, the lines between performance and reality begin to blur. When two people are reminded by the world constantly about their chemistry, you start to wonder if the feelings are acted out or have always been there.

Estelle Fly is one of the few pop artists from Singapore who strikes a fine balance between music and dance, having traversed through the entertainment scene in multiple roles as an idol and actress, and now an independent soloist. In 2025, Estelle released her latest EP ZONE, and took to the stage at Waterbomb Singapore. This year, she has been selected as a Spotify RADAR artist, and will be releasing new songs to mark her upcoming new era.

[MANILA, Philippines] — East West Banking Corporation (EastWest) championed the role of employers in strengthening retirement readiness among Filipino workers at the Bangko Sentral ng Pilipinas (BSP)-subsidized PERA@Work: Powering Employer-led Retirement Security Forum. 

Speaking at the forum, EastWest CEO Jerry G. Ngo shared the Bank’s experience as the first universal bank in the Philippines to launch a voluntary Personal Equity and Retirement Account (PERA) contribution program for employees.

“Financial empowerment is not only about access to products. It is also about building the knowledge and confidence to plan ahead,” Ngo said. “By facilitating access to PERA, EastWest is helping employees take a more active role in shaping their long-term financial future.” 

Launched in April 2026, EastWest’s voluntary PERA program complements the Bank’s existing retirement benefits and forms part of its broader employee financial wellness strategy. The Bank partnered with DragonFi Securities for its employee PERA program, while EastWest PERA products are also available to customers through partnerships with DragonFi and Luna Securities, expanding access through digital investment platforms. 

“PERA does not have to be complicated. But it can be meaningful. It can support employee financial wellness, strengthen your total rewards proposition, and help build trust by showing employees that the company is helping them prepare not only for work today, but for life later on,” Ngo continued.

Ngo also highlighted PERA’s role beyond retirement planning, describing it as a practical gateway to investing and financial literacy. 

“PERA is not only a retirement account. It is a financial wellness platform,” Ngo continued. “The bigger opportunity is helping employees think more broadly about saving, investing, and building long-term financial resilience. When people gain the confidence to start investing for the future, everyone benefits.”

Ngo encouraged organizations to explore PERA as part of their employee financial wellness programs, noting that employers can help strengthen retirement readiness through education, access, and long-term financial planning. 

The BSP forum brought together more than 300 attendees and leaders from government, banking, trust, investment, and corporate sectors to discuss how broader PERA adoption can help improve retirement security among Filipino workers.

To know more about EastWest PERA products, contact your EastWest Relationship Manager or visit www.eastwestbanker.com.

The breakout pairing of Alexa Ilacad and BGYO’s Gelo Rivera is set to reignite their signature charm and chemistry as they bring sparks anew as Hannah and Daniel in the second season of their hit vertical romance series, “The Chambermaid’s Daughter,” premiering this July 30 (Thursday) on iWant, the Home of Filipino Feels.

The first ABS-CBN Studios-produced vertical drama has resonated strongly with viewers, consistently listed in iWant’s most-watched charts and garnering millions of views for its first five episodes released for free on Facebook, TikTok, and YouTube.Directed by Theodore Boborol, the second season follows Hannah (Alexa) as she rises from room attendant to VP of operations at the very hotel she once served. Now reunited with her affluent family and in a relationship with hotel COO Daniel (Gelo), she faces a new test—proving her worth to her future mother-in-law and her ambitious half-sister, both determined to challenge her place in the business and in Daniel’s life.“The Chambermaid’s Daughter” is among iWant’s growing vertical drama offerings, which include the most recent rom-com hit “Will You Fake Marry Me?” starring JM Ibarra and Fyang Smith, and the intense affair drama “Twist of Fate.”

Catch the newest season of “The Chambermaid’s Daughter” with its Part 1 episodes debuting on July 30 and Part 2 starting August 14 (Friday) only on iWant. Stream its first five episodes for free on iWant and ABS-CBN Entertainment’s Facebook, TikTok, and YouTube pages.

Episodes 6 to 30 are available to stream through iWant’s subscription plans, starting at P35 per month in the Philippines, and USD 4.99 per month in the United States* (*promo price until July 31, 2026) and for the rest of the world.

Enjoy all the feels you want, only on iWant, the largest library of Filipino feels. Download the app and subscribe via Google Play or the Apple App Store.

Building on vivo’s imaging expertise, the vivo X300 FE combines ZEISS professional imaging with the new AI Creation algorithm, allowing users to reshape scenes and apply different visual styles with a single tap, without the need for third-party editing applications.

Watch the hands-on video below to see the vivo X300 FE’s AI Creation features in action:

https://www.tiktok.com/@vivo_philippines/video/7660820666500779284

Captured in Bonifacio Global City (BGC), Metro Manila, the sample images demonstrate how overcast weather can affect the appearance of photos. Using AI Creation, the vivo X300 FE offers two ways to enhance images, either before pressing the shutter or after the photo has been captured.

Feature 1: Choose scenes before taking a photo

Users can open the Camera app in Landscape & Night mode and tap the AI icon to access AI Style Filters. Selecting Morning Glow, one of the filters, applies a warm lighting effect during capture, transforming a gloomy cityscape into a brighter scene with a single press of the shutter. Meanwhile, using AI Creation mode allows users to choose from multiple AI styles, including Underwater, Dream, and Glow, each displayed as a preview thumbnail for easy selection. 

Feature 2: Reimagine photos after capture

For existing photos, users can open an image in the Gallery, tap AI Creation, and choose from multiple AI styles, including Travel, Landscape, Fantasy, Stage, and Cyberpunk. After tapping Generate, the vivo X300 FE recreates the image with a new visual style in just moments.

Slim design, powerful AI Creation

The vivo X300 FE is powered by the Snapdragon 8 Gen 5 processor and features a ZEISS co-engineered camera system to deliver a smooth AI imaging experience. Measuring 7.99 mm thin and weighing 191 g, the smartphone combines advanced imaging capabilities with a lightweight design for users who want professional-quality photography in a compact device.The vivo X300 FE is available in Mist Purple and Luxe Black for Php 54,999. It is available at vivo concept stores, vivo e-store, and official vivo stores on Shopee, Lazada, and TikTok Shop.

For more information, follow @vivo_philippines on TikTok, Facebook, Instagram, and X, or visit the official vivo website.

Fans can now wear and use these specially designed items to show their support for the highly anticipated series: 

1.        Go-to “Someone, Someday” tees

Make the statement with the “Someone, Someday” limited-edition shirts available for pre-order before July 27 to get free Linya-Linya-designed stickers. Shirts are up for grabs via linyalinya.ph.

2.        Sticker packs that relive memorable lines

Fans will get a sneak peek at the intriguing lines that are set to be delivered through the series with the sticker collection by Wimzi, available on its official website and on Wimzi’s Shopee and TikTok Shop. A 10% discount is available for orders placed before Monday (July 27).

3.        Cozy companion sleepwear

Pajama sets, featuring adorable chibi characters of Billy Jordan, and Bea, will be available for pre-order in various colors on Printstrix website and via Shopee and TikTok.  These must-haves will surely bring extra fun while watching the series on primetime TV or binge-watching on Netflix and iWant.

4.        Card set that inspire 

Fans can enjoy the motivational card game by Ludus, which focuses on thought-provoking questions about finding or being that someone special, someday. More details about the cards coming soon. 

Watch “Someone, Someday” in comfort and discover these exciting collectibles made possible through special brand collaborations.

For licensing and brand partnership opportunities that enable brands to connect with audiences through engaging fan experiences, interested parties may email licensing@abs-cbn.com.

The post Award-Winning Animated Documentary “58th” Set for Philippine Premiere at Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Netflix expands the Parasyte universe with new live-action series Parasyte: TAMIYA in 2027 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post LIYAB, the Philippines’ first all-soldier musical, premieres August 13–14 at the Metropolitan Theater appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Gang Dong-won leads nostalgic comeback comedy Wild Sing on Netflix this July 31 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Jung Hae-in and Ha Young bring an unconventional romance to Netflix’s Our Sticky Love this August 7 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Alex Eala shines beyond the court in Metro’s homecoming special appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Alexa Ilacad and Gelo Rivera reunite for Season 2 of ‘The Chambermaid’s Daughter’ on iWant appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Jarren Garcia pours his heart into new EP ‘LUVBOMB,’ drops ‘Runaway’ music video appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post REVIEW: On Your Feet! The Musical: The Story of Emilio & Gloria Estefan hits all the right notes with inspiration, music, and nostalgia appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Larkin Castor, Ralph Miaco, and MJ Macalintal star in Regal Studio Presents’ “Operation Breakup” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The furniture brand La Likha was established in March as the furniture design arm of Licup Architects, with the goal of combining architecture, functionality, and Filipino cultural heritage through locally sourced materials, La Likha founder and architect Zion Enrico R. Licup said in an interview with BusinessWorld.

“We wanted to create contemporary furniture using Filipino textiles,” he said, adding that his interest in traditional fabrics such as Yakan weaving inspired the venture.

According to Mr. Licup, the concept first emerged from an office project in Marikina City where the firm explored integrating Filipino textiles into furniture. It later collaborated with the Department of Science and Technology–Philippine Textile Research Institute (DOST-PTRI), combining handwoven fabrics from local weaving communities with the institute’s nonwoven banana fiber.

The banana fiber serves as the furniture’s backing layer, while traditional woven textiles remain the visible upholstery.

Mr. Licup said the collaboration supports the firm’s broader commitment to sustainability, noting that the construction sector contributes significantly to global carbon emissions.

“We want our textiles to come from local materials that are biodegradable. Instead of relying on conventional materials that take many years to decompose, banana fiber has the potential to break down naturally,” he said.

Beyond its environmental benefits, banana fiber also offers greater flexibility than conventional foam, making it suitable for curved furniture designs. However, because of its coarse texture, the material is currently used only as an interior layer rather than an exposed seating surface.

“That’s why we only use it as backing,” he said, expressing hope that future innovations would make the material smoother and suitable for wider applications.

Furniture development begins with form-finding and ergonomic studies before La Likha works directly with weaving communities, including artisans in Basilan, to secure permission to incorporate their textiles into its designs.

The furniture is manufactured in Pampanga using locally sourced wood, steel, upholstery, and stitching materials, reflecting the company’s commitment to minimizing the environmental impact of imported products.

According to Mr. Licup, one challenge was preventing banana fibers from separating during production. The team addressed this by bonding the fibers to woven textiles before fabrication, creating a more stable material for furniture-making.

He added that nonwoven textiles could eventually be used beyond furniture, including in acoustic panels, partitions, lighting installations, and other interior applications.

“So far, we’ve made around 50 to 60 chairs and sofas,” he said, noting that La Likha currently offers three furniture designs for sale through its online platforms.

The architect credited DOST-PTRI’s research and development efforts for exposing designers to locally developed alternatives to conventional materials.

“If we hadn’t discovered what PTRI was doing, we would have continued using conventional foam,” he said. “It’s good that the research is becoming applicable to the furniture design industry.”

La Likha plans to showcase its products at Artifino later this month and is targeting participation in Manila FAME this year.

The architect also called for stronger government support for local designers through expanded exhibition opportunities, research initiatives, and seed funding programs.

“Exhibitions are very expensive for small businesses,” he said. “Government support through partnerships, linkages, and funding programs would help local furniture designers grow.”

He added that Filipino textiles should be recognized not only as symbols of heritage or wearable materials but also as functional materials that can drive innovation in furniture and interior design. — Kaizzer Angela Marie V. Manuba

The collaboration highlights a broader shift in AI adoption, with developers increasingly embedding conversational AI into physical devices used in healthcare, smart homes, education, robotics, and mobility instead of limiting the technology to chatbots and software applications.

“The smart cane is one of the earliest examples of AI moving from screens into the physical world. The technology adapts to the person, instead of expecting the person to adapt to the technology,” Agora Physical AI Product head Xiao Dong Feng said in an email interview with BusinessWorld.

The AI-powered smart cane designed to support older adults enables users to ask questions and seek assistance through natural voice conversations while walking, without having to stop and operate a smartphone or other screen-based device.

Mr. Feng said the challenge was not building an intelligent AI model, but ensuring that the device remains dependable in real-world conditions.

“An older adult doesn’t judge the product by the sophistication of the model. They judge it by whether it responds when they’re standing at a busy intersection, whether it still hears them when traffic is loud, or whether they have to repeat themselves several times before getting an answer,” he said.

Lgenie integrated Agora’s Conversational AI Engine to improve reliability, which combines speech recognition, speech activity detection, and full-duplex voice streaming to support low-latency conversations, real-time interruption handling, and stable audio performance even under changing network conditions.

According to Agora, the deployment achieved an average response latency of about 400 milliseconds, while also improving conversational stability and interruption handling during user interactions.

Mr. Feng said making conversations feel natural is equally important because users should be able to speak the way they normally do instead of adjusting their behavior for the technology.

“Good AI answers questions, but great AI reduces hesitation. When people stop wondering whether the AI will understand them and simply continue talking, that’s when technology begins to feel genuinely useful,” he said.

He added that users who initially spoke cautiously to the device eventually became comfortable interrupting the AI, asking follow-up questions, and changing topics naturally.

“People don’t consciously decide to trust technology. Trust develops when they stop thinking about the technology altogether,” Mr. Feng said.

Agora said AI-powered assistive devices could play a growing role in countries such as the Philippines, where the number of older adults is expected to increase in the coming years.

The company said the Philippines is expected to become an ageing society by 2030, with people aged 60 and above accounting for more than 10% of the population. At the same time, smartphone adoption is projected to reach 92% by 2030, while more than half of mobile connections are expected to run on 5G networks.

Mr. Feng said AI should complement rather than replace caregivers by extending assistance beyond the moments when family members are physically present.

“Family members provide empathy, judgement, and emotional support that technology cannot replace. Where AI can make a meaningful contribution is by extending care beyond the moments when a caregiver is physically present,” he said.

Looking ahead, Mr. Feng said the next phase of AI development will focus less on making models more intelligent and more on making AI dependable enough to integrate naturally into daily life.

“The best AI won’t constantly demand our attention,” he said. “It will quietly provide support at the moments when it’s genuinely useful.”

Through its partnership with Lgenie, Agora said it aims to expand the use of conversational AI across healthcare, education, smart home technologies, mobility, and other connected devices that require reliable real-time interaction. — Kaizzer Angela Marie V. Manuba

Under the agreement, DBP will gain access to GeoRiskPH, PHIVOLCS’ science-based hazard information platform, to support evidence-based credit evaluations and data-driven business decisions.

“We view this partnership with PHIVOLCS as a tangible manifestation of how government agencies can strengthen their collaboration and leverage shared expertise in advancing a safer, more resilient, and sustainable Philippines,” DBP President and Chief Executive Officer Michael O. de Jesus said in a statement released Friday.

The partnership will allow DBP to use GeoRiskPH and its HazardHunterPH Pro application to assess the potential impact of natural hazards on loan collaterals, investments, acquired assets, branch locations, and other bank facilities.

GeoRiskPH is a centralized government platform that provides real-time hazard data and risk analysis to support geohazard mapping and vulnerability assessments for disaster preparedness.

DBP and PHIVOLCS will also conduct bank-wide capacity-building training on the use of the platform and HazardHunterPH Pro. The training will cover key business areas, including lending, branch banking, special assets, and credit appraisal.

Mr. De Jesus said the initiative would strengthen the DBP’s institutional resilience and support financing for projects that generate economic activity, particularly in the countryside.

DBP is the country’s ninth-largest bank, with total assets amounting to P1.041 trillion. It provides credit support to priority sectors such as infrastructure and logistics, micro, small and medium enterprises, the environment, and social services and community development. — Edg Adrian A. Eva

Known for his passion for cars and vehicle customization, Jak Roberto embodies the adventurous and performance-driven lifestyle that Fuel Off-Road represents. The partnership reflects the brand’s commitment to inspiring truck and SUV owners to personalize their vehicles with premium aftermarket wheels built for both style and capability.

As more Filipino motorists invest in vehicles that can confidently handle both city streets and rugged terrain, aftermarket wheels have become an essential upgrade enhancing not only aesthetics but also durability and performance.

Fuel HC906 Halo

Leading Fuel Off-Road’s latest lineup is the HC906 Halo, a wheel engineered for truck owners seeking a bold yet refined appearance without compromising strength.

The Halo features a distinctive 10-spoke layout combined with high-strength cast construction, providing the durability required for both everyday driving and demanding off-road adventures. Its intricate spoke design delivers a premium look while maintaining the aggressive styling Fuel Off-Road is known for.

Adding to its premium appeal is Fuel Off-Road’s signature Floating Center Cap Technology, which keeps the brand logo upright and stationary while the wheel rotates. A covered-lug design further enhances its clean, modern appearance.

The HC906 Halo is available exclusively in 20-inch diameters, with 20×9 ET1 and 20×10 ET-18 configurations. It is designed to fit popular full-size trucks, including the Chevrolet Silverado, Ford F-150, Ram 1500, and Toyota Tundra. Blank-to-drill options are also available for specialized custom applications.

Fuel FC907 Heist

Joining the new lineup is the FC907 Heist, a wheel designed to combine dependable strength with sophisticated styling for trucks and Jeeps.

The Heist features a concave mesh design with wide-set spokes that create a clean, aggressive profile while maintaining the structural integrity needed for heavy-duty use and off-road adventures. Like the Halo, it utilizes robust cast construction to withstand demanding driving conditions.

The Heist also incorporates Fuel Off-Road’s Floating Center Cap Technology, ensuring the logo remains upright while in motion and complementing the wheel’s premium finish with its covered center cap.

Available exclusively in 20-inch diameters, the FC907 Heist offers offsets ranging from -18 mm to +1 mm, with dual-drilled 5-lug and 6-lug bolt patterns. Custom blank options provide additional flexibility, making the wheel compatible with a wide range of vehicles from Jeeps to one-ton pickup trucks.

Built for Style and Performance

Both the HC906 Halo and FC907 Heist are engineered to meet the demands of today’s truck and off-road enthusiasts. Featuring durable cast construction, premium finishes, Floating Center Cap Technology, and multiple fitment options, the new wheels deliver the perfect balance of performance, reliability, and modern styling.

Through this partnership, Fuel Off-Road and Jak Roberto aim to inspire automotive enthusiasts to build vehicles that reflect their personality while remaining ready for every journey whether on city streets or challenging off-road trails.

“As an automotive enthusiast myself, I believe every build tells a story,” said Jak Roberto. “Fuel Off-Road gives truck and SUV owners the opportunity to create a vehicle that reflects their lifestyle while delivering the performance and durability they need. I’m excited to be part of the Fuel Off-Road family and can’t wait to see more builds equipped with the new Halo and Heist wheels.”

The Fuel HC906 Halo and Fuel FC907 Heist are now available through Team Ridemax Philippines, the official distributor of Fuel Off-Road Wheels in the country.

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

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

INVESTMENT APPROVALS by the Philippine Economic Zone Authority (PEZA) slumped by 40% to P11.21 billion in July, it said on Friday.

In a statement, PEZA said its approved 17 new and expansion projects equivalent to P11.21 billion, a 39.71% drop from the P18.6 billlion approved in the same month last year.

The projects are expected to generate $2.54 billion in exports, a 241.12% increase from the $744 million recorded last year.

The approved investments are seen to generate 2,907 jobs, it said.

“Despite the economic headwinds both locally and abroad, today’s investments are increasingly moving back toward more export-intensive and higher-value operations,” PEZA Director-General Tereso O. Panga said.

By industry, July approvals include six export manufacturing projects, four information technology-business process management (IT-BPM) enterprises, three domestic market enterprises, two ecozone development projects, and two facilities projects.

Eleven of the projects are in Region IV-A (CALABARZON), four in the National Capital Region, one in Region VII (Central Visayas), and one in Region XI (Davao Region).

The July approvals included four big-ticket projects worth P8.82 billion, which accounted for nearly 79% of approved investments for the month. These include two manufacturing projects in Batangas, an export enterprise in Davao del Norte, and an ecozone project in Cavite.

The top sources of investments in July were the Netherlands, Taiwan, Hong Kong, Indonesia, and the United States, PEZA said.

In the first seven months of the year, PEZA approved 174 new and expansion projects valued at P151.9 billion, up 66.99% from the P90.96-billion approved in the same period in 2025.

Approvals in the seven-month period accounted for half or 50.3% of PEZA’s P300-billion target for 2026.

The investments are expected to generate $5.91 billion in exports, a significant increase from the $2.003-billion export value recorded last year. These projects are expected to generate 26,047 jobs, PEZA said.

About 76 of the approved projects were in manufacturing, 28 in IT-BPM, 26 in ecozone development, while the other projects were in industries like facilities (15), logistics (13), domestic market (10), tourism (four), and utilities (two).

By location, 141 projects will be in Luzon, 22 in the Visayas, and 11 in Mindanao.

The top investment source for the period was the Netherlands, followed by South Korea, Singapore, Indonesia, and Germany.

PEZA said it is bullish on its investment prospects in the second half as companies seek to diversify their operations and boost supply chain resiliency amid geopolitical uncertainties.

The new eight-episode drama series dives into the high-pressure world of Shine Artist Management, following elite talent managers Andrea, Matthew and Gabriel. Renowned for their unwavering devotion to their clients’ careers, the trio’s professional facade begins to crack when their chaotic personal lives collide with the demands of the office—threatening to destroy everything they have built.

The star-studded cast includes Judy Ann Santos as Andrea Manuel, Edu Manzano as Matthew Buenaventura, RK Bagatsing as Gabriel Soler, Gina Alajar as Aleta Alfonso, Christiana Zaleta as Camille Vergara, and Raf Pineda as Chin Joaquin.

Produced by the creatives behind On the Job, the series is executive produced by Ronald “Dondon” Monteverde and Erik Matti. Directed by Erik Matti, Mario Cornejo and Jade Castro, Call My Manager is adapted in the Philippines by Reality MM Studios, and is based on the hit comedy in France, Dix Pour Cent also known as Call My Agent.

Stream Call My Manager from August 13 on HBO Max. Subscribe to HBO Max at www.hbomax.com from only ₱149/month & ₱1,040/12 months and stream via your preferred device.

New Line Cinema’s Mortal Kombat II will feature the fan favorite champions, as well as Johnny Cage, pitted against one another in the ultimate, no-holds barred battle to defeat the dark rule of Shao Kahn that threatens the very existence of the Earthrealm and its defenders.

Directed by Simon McQuoid and written by Jeremy Slater, and based on the videogame created by Ed Boon and John Tobias, stream Mortal Kombat II from July 24, only on HBO Max.

Since her debut in 1979, Miki Matsubara has left a vivid impression on the Japanese pop music scene and has become the driving force behind the recent global City Pop boom. Now, her debut single, “Mayonaka no Door~stay with me,” has officially surpassed 500 million cumulative streams on Spotify, making it the 10th Japanese song in history to achieve this milestone. Notably, this is the first-ever feat for a Japanese song released in the 1900s.

Mainly driven by digital natives and overseas listeners, her support continues to expand even today, recording an unprecedented long-term hit that transcends the boundaries of eras and national borders.

Starting with its 18-day run at No. 1 on the Spotify Global Viral Chart in December 2020, the song has consistently maintained its position within the TOP 10 on the “Billboard Global Japan Songs Excl. Japan” and “GENIUS JAPAN INTERNATIONAL TOP10” since tracking began.

Furthermore, “Mayonaka no Door~stay with me” has been nominated for “Best Japanese Song in Latin America” at Japan’s international music awards, “Music Award Japan 2026,” for the second consecutive year. With non-stop offers for film soundtracks pouring in from all over the world – including the United States, France, the Czech Republic, South Korea, and Singapore – the track is gaining increasing attention from global video creators and drawing worldwide eyes as an iconic representation of Japanese music.

At its recent Customer Day at the Smart Store in SM North EDSA Cyberzone, the spotlight went beyond connectivity — focusing instead on education and responsible digital behavior, and empowering customers to make the most of today’s digital world.

Smart Customer Day is a celebration of the customers who continue to place their trust in Smart. Customers enjoyed exclusive event-only promos on devices and connectivity, while taking part in interactive activities and practical learning sessions designed to help them stay informed, connected, and confident in an increasingly digital world.

Through its SCAMpaign, Smart continues to raise awareness on evolving online threats, helping subscribers recognize, avoid, and report scams in an increasingly complex digital landscape.

Customers also learned practical digital payment habits, including the benefits of cashless transactions, protecting financial information online, and adopting safe payment practices that make everyday transactions more convenient and secure

“This initiative reflects Smart’s broader commitment in ensuring that customers are not only connected but also protected and empowered. We hope that through the Smart Customer Day, they can have fun and learn skills that can help them maximize the use of their mobile devices and safely navigate the online world,” said Brenda M. Dichoso, FVP for Customer Experience at Smart.

Event host, content creator, and Smart brand ambassador Sam YG underscored the importance of responsible technology use, particularly in an era shaped by information overload and rapidly evolving online risks.

“Ang daming scams, fake news, so it’s also good to have these events so that we could properly discuss how to use this privilege, this power properly,” he shared. “Inasmuch as we are blessed with technology, it’s very important to be vigilant, to check if what we’ve digested is actually true, or baka fake news or scam. While tech is improving, scams are also improving.”

Guests also got to experience emerging technologies firsthand through a demonstration of Rokid augmented reality glasses, showcasing how innovation can enhance productivity, collaboration, and everyday digital experiences.

For long-time Smart subscribers, this focus on education and protection resonates deeply in everyday life — where reliable connectivity powers work, family responsibilities, and digital interactions.

“We won’t be staying with Smart for 30 years if we’re not getting the right services. We feel valued as customers,” shared Jackie Rose Caez, emphasizing how dependable service supports her family’s work-from-home and online learning needs.

Subscriber Jose B. Montalbo, Jr., who frequently works in the field, echoed the importance of both connectivity and awareness. “That’s exactly the reason why I stick with Smart. Mas maganda ang signal sa probinsya, you have promos na swak na swak.”

By bringing together education, real-life experiences, and expert insights, Smart continues to reinforce its role as a partner in customers’ digital journeys — one that goes beyond service to enable safer, more informed online participation.

“At Smart, we go beyond connectivity by listening to our customers and equipping them with the knowledge to stay safe, informed, and confident in the digital space,” said FVP and co-OIC at Smart Lloyd R. Manaloto.

From scam awareness to social media tips, Smart Customer Day showcased how mobile connectivity empowers everyday life, whether for work, creativity, or staying safe online. With more events lined up nationwide, Smart Customer Day will continue to highlight Smart’s commitment to delivering fast, reliable mobile experiences while bringing joy, learning, and meaningful connection to customers across the country.

TITLE TRACK FROM FORTHCOMING ALBUM GOOD TIMES, ARRIVING AUGUST 14 VIA UNIVERSAL MUSIC AND VIRGIN MUSIC GROUP

PRE-ORDER/PRE-SAVE HERE

Globally acclaimed singer-songwriter Lukas Graham has released “Good Times,” the spirited, roots-charged title track and opening song from his forthcoming 13-track album Good Times, out August 14 via Virgin Music Group. Bright, communal and rooted in the Celtic and folk traditions that shaped his upbringing, the song sets the tone for an album that brings Lukas back to the storytelling tradition and Irish musical heritage at the heart of his earliest relationship with music. “Good Times” arrives alongside an official music video that weaves together archival footage from before and during Lukas’s rise, captured by the photographers and videographers who documented his journey, celebrating the friends, family, and moments that shaped him. Listen to “Good Times” HERE. Watch the video HERE. Pre-order/Pre-save the album HERE.

Watch/Listen: Lukas Graham “Good Times”

Good Times brings Lukas full circle, reconnecting him with the Irish heritage of his late father Eugene, a Donegal-born music lover who booked folk musicians throughout Scandinavia and helped introduce Lukas to the sounds and traditions that shaped his earliest relationship with music. After years of global success and life on the road, the album finds Lukas returning to those roots with a collection that feels deeply personal and unmistakably his own.

The album was first introduced with “To Know A Girl,” a banjo-driven offering paired with a soaring vocal and powerhouse chorus. He followed with “Second Chance,” a spirited, foot-stomping anthem that channels the communal spirit of a front-porch hootenanny into a celebration of owning your mistakes, embracing renewal and choosing to become a better version of yourself.

The album was recorded with a rolling collective of musicians in Nashville and New York, many of whom had a personal connection to Eugene and the folk community Lukas grew up around. The players include Michael McGoldrick, one of the world’s great uilleann pipe and Irish flute players; bassist Sam Grisman; Tim O’Brien on mandolin and backing vocals; Stuart Duncan on fiddle; and Brian Sutton on guitar — a lineup that roots the album in the Celtic, bluegrass and acoustic traditions Lukas grew up around.  “People my dad knew. People who had slept on a couch in my mum and dad’s living room,” Lukas explained. “It was very important to me that we got a hold of some of these musicians and got that cultural connection.

The Grammy-nominated Danish soul-pop artist first achieved global fame with the 2015 breakout hit “7 Years” — a reflective ballad that earned three Grammy nominations, topped charts in more than 15 countries, and placed him among the first 25 artists in Spotify’s Billions Club. Over the past decade, he has built a multi-platinum international career spanning four albums, with hits including “Love Someone,” certified platinum in 18 countries. His work blends soul, pop, and deeply personal storytelling, exploring themes of family, love, and resilience — from the loss of his father to becoming one himself.

Known for his emotional depth and powerful live presence, Lukas Graham has sold out tours across Europe, North America, and Asia, and performed on major stages including the Grammy Awards, MTV VMAs, and Good Morning America. This year, he will join Ed Sheeran as a special guest on select North American dates of the 2026 “Loop Tour,” beginning August 15 at U.S. Bank Stadium in Minneapolis, MN — for a full list of dates, see below.

Good Times Tracklisting

1. Good Times
2. Second Chance
3. Before You Go
4. To Know A Girl
5. Freetown Road
6. River Run
7. Falling
8. Carry Me Home
9. Days Like These
10. Rich Man
11. Nights I Won’t Forget
12. Last Mile
13. Loved You Bette

Lukas Graham North American Tour Dates w/ Ed Sheeran:

Aug. 15, 2026 – Minneapolis, MN – U.S. Bank Stadium
Aug. 20, 2026 – Toronto, ON – Rogers Centre
Aug. 21, 2026 – Toronto, ON – Rogers Centre
Aug. 22, 2026 – Toronto, ON – Rogers Centre
Aug. 29, 2026 – Detroit, MI – Ford Field
Sep. 4, 2026 – East Rutherford, NJ – MetLife Stadium
Sep. 5, 2026 – East Rutherford, NJ – MetLife Stadium
Sep. 19, 2026 – Philadelphia, PA – Lincoln Financial Field
Sep. 25, 2026 – Foxborough, MA – Gillette Stadium
Sep. 26, 2026 – Foxborough, MA – Gillette Stadium
Oct. 3, 2026 – Atlanta, GA – Mercedes-Benz Stadium
Oct. 10, 2026 – Indianapolis, IN – Lucas Oil Stadium
Oct. 17, 2026 – Charlotte, NC – Bank of America Stadium
Oct. 24, 2026 – Arlington, TX – AT&T Stadium
Nov. 7, 2026 – Tampa, FL – Raymond James Stadium

The post Philippine Short Film Dear Tala, Love, Lola Odesa selected for The Second Spring International Screening in Indonesia appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Law Fajardo’s Silenced Nights makes history as first Filipino film in TIFF Platform competition appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Kylie Padilla values creative collaboration on the set of Taskforce Firewall appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post BINI drops ‘A Parallel World’ for Forgotten Island, gears up for Summer Sonic debut in Japan appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Rising P-pop trio DNA celebrates self-discovery in self-titled debut album appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post The Keeper explores the fragile line between order and life in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Tirik explores faith, redemption, and moral reckoning in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post The River Flows in Different Places tells a moving story of home, identity, and resilience in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Harana Music Festival invites music lovers to slow down and reconnect through live music appeared first on COUNTER FLOW :: www.FlowGalindez.com.

Bureau of Internal Revenue (BIR) Commissioner Charlito Martin R. Mendoza said faster economic growth in the second half of the year will boost tax collection.

“Hopefully, our infrastructure spending will improve, and our economic activities will accelerate in the coming months,” Mr. Mendoza told reporters last week.

“We are hoping for a higher gross domestic product growth in the coming months because it really has an impact on value-added tax, percentage tax and other business taxes,” he added. 

The Philippine economy expanded by a slower-than-expected 2.8% in the first quarter, the weakest growth since the pandemic and well below the 5.37% expansion in the same quarter a year earlier.

The Department of Economy, Planning, and Development earlier said the lingering effects of last year’s corruption scandal and the escalation of the Middle East conflict may have weighed on growth in the second quarter. However, it expects a recovery in the second semester amid a pickup in public spending.

Tentative data from the BIR showed that it collected P1.65 trillion in the first six months, up 5.33% from P1.567 trillion a year earlier.

“But it is still very tentative… We are still reconciling; it is not final yet. But definitely higher (than last year). Although our growth rate for June is not as high as that of May, which was 15%,” Mr. Mendoza said.

“But you have to understand that in June last year we had the deadline for the estate tax amnesty. So, the revenues from the estate tax amnesty came in,” he added.

The BIR’s first-half collections accounted for 48.6% of the Development Budget Coordination Committee’s (DBCC) downwardly revised P3.393-trillion collection target for 2026.

Mr. Mendoza admitted the revised collection target remains a “tall order.”

“The target is around P3.4 trillion. We collected P3.1 trillion last year. That is still close to a 10% growth, so it is still a tall order, but we are doing our best to meet our target,” he said. “So far, we are still on track especially with the P38-billion reduction in our target.”

Mr. Mendoza said the agency hopes to book strong collections from nonresident digital service providers and excise taxes, among others.

HIGHER BOC TARGET
Meanwhile, Bureau of Customs (BoC) Commissioner Ariel F. Nepomuceno said the DBCC may have considered recent foreign exchange (forex) movements and other macroeconomic factors when it hiked the agency’s collection target by P7.2 billion.

The DBCC raised the BoC’s 2026 revenue target by 0.7% to P1.011 trillion from P1.003 trillion previously. This as it adjusted the peso-dollar exchange rate assumption to P60-P62 this year from P58-P60 previously.

The peso traded above P61 per dollar in July. It closed at P61.587 against the dollar on Friday, strengthening by 3.3 centavos from its P61.62 finish on Thursday.

“Primarily, it is the changes in peso-dollar exchange rate and other macroeconomic factors, plus they foresee the growth of the economy,” Mr. Nepomuceno told reporters last week.

“But we can still achieve it, but our surplus of P11.8 billion will just be used to cover for that additional P7 billion,” he added, referring to the amount by which first-half collections exceeded the agency’s target.

In the first half, BoC collections rose by 7.2% to P491.75 billion from P458.77 billion a year earlier. Collections also exceeded the P480.27-billion target for the period by 2.4%.

“There is still more room for improvement, such as the rate of assessment or the total collection over the total value of imports,” Mr. Nepomuceno said.

The Customs chief said his review of average assessment rates over the years showed that the ratios at some ports were low and could be improved without departing from the transaction value regime.

“There are specific imported items that I know if we increase the rate of assessment, we will lift the collections. But you have to do that incrementally,” he said.

“Remember, we are in a transaction value regime, meaning we have to honor what they claim, based on their documents, are the actual prices they paid for their imports. We have reference values, but we will respect their documents,” he added. — Justine Irish D. Tabile

In celebration of MSME Month, GCash reinforces its commitment to being the trusted growth partner of Filipino NMSMEs, powering every stage of their entrepreneurial journey. GCash continues to champion local businesses by providing easier access to the integrated financial and digital tools they need to sustain their livelihoods, navigate uncertainty, and drive the Philippine economy.

The Wais Tindera Caravan serves as the Financial Literacy x Business Literacy (FinLit x BizLit) of GCash and Fuse Financing designed for Filipino micro-entrepreneurs. The program provides lessons on budgeting, pricing, inventory management, sales tracking, and business growth. The caravan also tackled the risks of predatory lending as many micro-retailers still rely on informal lenders, including the “5-6” system, which often carries high interest rates and can lead to cycles of debt.

Digital financial tools were also introduced, like GLoan Negosyo — a Fuse cash loan product designed to meet NMSMEs’ urgent funding needs — and GCash Pera Outlet Plus (GPO Plus), which enables store owners to earn extra income by offering cash-in, cash-out, bills payment, and other digital transactions to their communities.

“Through the Wais Tindera Caravan, we aim to equip NMSMEs with the practical financial and business skills needed to make informed decisions, manage their finances effectively, and adopt responsible borrowing practices to grow their businesses sustainably,” said Kevin Yu, Head of B2B lending at Fuse Financing.

Responsible Borrowing for NMSMEs

A key focus of the Cebu leg was responsible borrowing. Participants learned how to assess whether a loan is necessary for business growth, borrow within their capacity to repay, and use credit for productive purposes such as inventory expansion.

Sessions also covered how to understand loan terms, interest rates, and repayment obligations before borrowing. The program highlighted how formal lending solutions can support business growth when used with proper planning.

Through this campaign, entrepreneurs learned about excessive interest rates, lack of transparency, and unsustainable repayment terms.

Partner in every stage of growth

The caravan underscores the commitment of GCash to empowering Filipino MSMEs at every stage of growth. By introducing innovations like GCash SoundPay Plus and GCash EasyPOS, the platform helps small businesses seamlessly adopt digital QR and card payments, driving operational efficiency.

Beyond accessible payment solutions, GCash fosters grassroots, community-wide economic growth. Through GCash Pera Outlet Plus, neighborhood merchants can earn extra income by providing vital Cash In and Cash Out services to their localities, while accessible insurance offerings protect these grassroots businesses from unexpected financial shocks.

The caravan, in addition, addressed the digital trust gap as well among small business owners who may be hesitant to adopt digital financial services. Sessions explained how digital payments work, how to use GCash safely and securely, how responsible use of digital tools can help build a financial track record, and gain access to formal financial products and services.

The Wais Tindera Caravan supports the “Finance for All” mission of GCash. Financial literacy remains central to the program, with participants learning skills they can apply immediately and tools they can integrate easily.

For more information, please visit www.gcash.com.

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

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

TCLV 1 is expected to emerge over the eastern boundary of the Tropical Cyclone Advisory Domain (TCAD) during Week 1, covering July 16 to 22, PAGASA said in its latest Tropical Cyclone Threat Potential Forecast.

The weather bureau said the system has a low to moderate chance of developing into a tropical cyclone during the forecast period.

In Week 2, covering July 23 to 29, PAGASA said TCLV 1 is expected to move toward the northeastern portion of the TCAD and the Philippine Area of Responsibility (PAR).

The system is expected to maintain its low to moderate chance of developing into a tropical cyclone.

During the same period, TCLV 2 is expected to emerge over the eastern portion of the TCAD and may enter the PAR. It has a low likelihood of developing into a tropical cyclone during Week 2.

“Therefore, the TC threat potential is less likely over Week 1 and likely over Week 2,” PAGASA said.

The agency added that changes in the forecast pattern will be closely monitored and updates will be issued as needed. — Edg Adrian A. Eva

BIYAYA festival brought together sustainability advocates, social enterprises, coffee producers, artisans, and purpose-driven businesses.

PalawanPay powered cashless transactions across the event, including the festival’s Coffee Village, allowing visitors and merchants to make digital payments while accessing the broader suite of Palawan Group’s financial services.

Palawan Group of Companies vice chairman and chief financial officer Lilian Castro-Selda said the partnership aligns with the company’s goal of expanding financial access while supporting Filipino entrepreneurs.

“Our partnership with BIYAYA reflects the importance of collaboration in creating more connected communities, while digital solutions like PalawanPay help individuals and businesses embrace more convenient and inclusive ways of transacting,” Ms. Castro-Selda said.

She said the company was drawn to BIYAYA’s mission of promoting local industries, particularly coffee farmers and weavers who have earned international recognition.

“We’ve been really very interested from the time that we met them because these are small coffee farmers who are winning internationally,” she said. “We’re here to help support our small industries.”

Ms. Castro-Selda said Palawan Group supports MSMEs through Palawan Credit’s lending products, pawnshop financing, and the company’s nationwide branch network, which provides access to services such as cash deposits and withdrawals, remittances, payroll, collections, and other banking transactions.

She said the company’s physical presence complements its digital platform, allowing customers to choose between cash and electronic transactions.

“For them, it will be easier because Palawan Pawnshop is already in their communities. If they need digital, it’s there. If they need cash, they can go to the nearest Palawan branch,” she said.

The company also said PalawanPay offers merchants a lower cost of accepting digital payments by charging a merchant discount rate of less than 1%, which it said is below typical industry rates.

According to Ms. Castro-Selda, one challenge faced by MSMEs is the fees charged for digital payment acceptance, adding that PalawanPay seeks to make digital transactions more affordable while providing support through its more than 3,800 branches nationwide.

“If merchants encounter problems with their terminals or QR Ph stands, they know there’s a nearby Palawan branch they can approach,” she said.

The company also highlighted its free cash-in service at branches regardless of transaction amount, alongside a P5 InstaPay transfer fee, which Ms. Castro-Selda said helps keep transaction costs low for customers.
Ms. Castro-Selda said that the group’s more than four decades of operations build trust and encourages digital adoption among Filipinos who remain hesitant to use e-wallets.

“Palawan Pawnshop as a group is the most trusted pawnshop in the Philippines,” she said.

“Over the last 41 years, we’ve established trust in our brand, and we’re physically present. From there, we’re educating customers that digital is easier and more convenient, while assuring them that if they need cash, we’re still there,” she added.

Ms. Castro-Selda said Palawan Group’s strategy is to provide a seamless experience across its digital wallet and physical branches.

“The goal is that all the services in the branch should be in PalawanPay, and all the services in PalawanPay should also be available at the branch, That’s our differentiation. We’re not purely digital—we have both brick-and-mortar and digital,” she said.

PalawanPay currently has 23 million users, according to the company. Through its participation in BIYAYA, the Palawan Group said it aims to demonstrate how digital financial services can strengthen local enterprises while promoting broader financial inclusion. — Kaizzer Angela Marie V. Manuba

The event will bring together world-leading expertise from the UK’s Marine Management Organisation (MMO) and the Centre for Environment, Fisheries and Aquaculture Science (CEFAS) with on-ground operational experience from the Philippines to advance sustainable fisheries and aquaculture, responsible seafood sourcing, blue finance linked to marine protected areas, and emerging opportunities from marine energy.

The partnership underscores a shared commitment between the Philippines and the United Kingdom to tackle the most pressing challenges facing the Indo-Pacific fisheries sector.

“SAFET 2026 reflects the Philippines’ commitment to building a modern fisheries sector where technology directly benefits both people and the environment. Through collaboration with global partners, we aim to accelerate practical innovations that strengthen fisheries governance, improve seafood traceability, conserve marine resources, and create better opportunities for our fisherfolk and coastal communities,” said BFAR National Director Elizer Salilig.

“We welcome our partners from around the world to join us in Cebu as we work together to turn innovation into meaningful action,” said Inga Wise, SAFET Executive Director.

“We cannot solve the complex challenges facing our oceans in silos. The SAFET Conference is a unique convergence point where market-driven technology meets government initiative. By bringing global tech innovators to the table alongside fisheries authorities, we are fostering the exact partnerships needed to build transparent, resilient seafood supply chains and secure thriving coastal livelihoods for the future,” she added.

Through SAFET 2026, BFAR and the British Embassy Manila will facilitate dialogue that includes coastal communities, technology developers, and policy-makers, ensuring that new tools are accessible, scalable, and tailored to the needs of the local fisheries sector.

“The challenges facing global fisheries require stronger partnerships and smarter solutions. SAFET 2026 provides a unique platform where governments, scientists, technology innovators, industry leaders, and fishing communities can work together to transform promising technologies into practical actions that strengthen the fisheries sector. We are proud that the Philippines is hosting this important global conversation and invite everyone to join us in shaping the future of sustainable fisheries,” said Philippine Agriculture Undersecretary for Fisheries Drusila Esther Bayate.

Advancing the Digital Shift

SAFET’s conference theme “From Innovation to Implementation: Powering Responsible Fisheries, Markets, and Livelihoods,” reflects the Philippine fisheries sector’s shift from manual processes to a comprehensive digital ecosystem.

BFAR is currently leading this transition by deploying cutting-edge tools, among them the Electronic Catch Documentation and Traceability System (eCDTS) and the Fisheries Integrated Information Management Center-Vessel Monitoring System (FIIMC-VMS).

By integrating the latest technologies such as artificial intelligence, satellite observation, and IoT-enabled monitoring, the Bureau is actively strengthening law enforcement, combatting illegal, unreported, and unregulated (IUU) fishing, and ensuring that Philippine seafood meets the highest international trade standards.

As the Philippines advances its digital transformation, SAFET 2026 reaffirms the country’s growing leadership in science-based fisheries management and its commitment to building a resilient, transparent, and prosperous future for all Filipino stakeholders.

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

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

Foldable smartphones have come a long way in recent years. While users once questioned their durability and reliability, today’s innovations have transformed foldables into everyday productivity companions that are built to last.

Leading this evolution is the OPPO Find N6, a foldable smartphone engineered to withstand the demands of modern life without compromising on design, performance, or portability. Built around OPPO’s Armour Shield Architecture, the Find N6 combines aerospace-inspired engineering, industry-leading durability, and flagship innovations to prove that foldables can be just as dependable as they are sophisticated.

Engineered to Go Further

At the heart of the OPPO Find N6 is its Armour Shield Architecture, an advanced structural design that reinforces the device using premium materials while maintaining an ultra-slim profile.

Despite its refined form factor and the industry’s thinnest bezels on a book-style foldable, the OPPO Find N6 is designed to withstand the realities of everyday use. Whether it’s navigating unpredictable weather, working outdoors, or simply enduring the wear and tear of daily commutes, the device delivers durability without sacrificing elegance.

Setting a new benchmark for foldable smartphones, the OPPO Find N6 carries IP56, IP58, and IP59 ratings, allowing it to withstand dust, water immersion, and even high-pressure, high-temperature water jets. From unexpected downpours to accidental spills and more demanding environments, users can stay productive with confidence knowing their device is built to handle more than everyday challenges.

A Foldable Built for the Long Run

A foldable is only as reliable as its hinge, and OPPO has reimagined this critical component with the 2nd-Generation Titanium Flexion Hinge.

Manufactured using aerospace-grade titanium alloy, the hinge delivers greater strength while remaining remarkably lightweight. Together with Auto-Smoothing Flex Glass, it enables the industry’s first Zero-Feel Crease, creating a display that feels smooth and immersive whether you’re reviewing reports, reading documents, editing presentations, or watching videos.

The hinge is also certified to withstand one million folds, demonstrating the Find N6’s ability to support years of daily opening and closing without compromising performance. It’s an engineering milestone that reinforces the device’s position as one of the most dependable foldables available today.

Slim, Lightweight, Yet Surprisingly Tough

Durability doesn’t have to come at the expense of portability.

The OPPO Find N6 pairs its robust construction with an ultra-slim design, making it comfortable to carry from the boardroom to the airport. Folded, it slips easily into a pocket or bag. Opened, it transforms into an expansive workspace that supports everything from multitasking to content consumption.

Its Snap Key provides instant access to frequently used tools and shortcuts, helping users navigate busy schedules more efficiently without interrupting their workflow.

Reliability That Extends Beyond the Hardware

The OPPO Find N6 is designed not only to survive demanding environments but also to keep up with demanding workloads.

Powered by the Qualcomm Snapdragon® 8 Elite Gen 5 Mobile Platform, the device delivers smooth performance across multitasking, productivity apps, video conferencing, and content editing. Whether managing multiple projects or switching between work and entertainment, users can expect fast, responsive performance throughout the day.

Complementing this is the 6000mAh OPPO Silicon-Carbon Battery, which provides reliable all-day power for professionals who spend long hours away from a charger. Combined with OPPO’s fast-charging technology, the Find N6 minimizes downtime so users can focus on what matters most.

Built for Work, Ready for Creativity

Durability is only valuable when paired with capability.

The Find N6’s expansive foldable display unlocks desktop-like productivity through Free-Flow Window, allowing users to run multiple applications simultaneously and move seamlessly between tasks. Reviewing presentations while responding to emails, taking notes during virtual meetings, or organizing travel plans all become more intuitive on the larger display.

Meanwhile, Cross-Ecosystem Connect enables users to transfer files, photos, presentations, and documents effortlessly between OPPO and Apple devices, helping professionals maintain uninterrupted workflows across multiple platforms.

Beyond productivity, the OPPO Find N6 is also equipped for creativity. Its 200MP Hasselblad Ultra-Clear Camera, enhanced by the LUMO Image Engine and True Color Camera, captures professional-quality images with natural color reproduction and impressive detail. Whether documenting site visits, capturing campaign assets, or preserving travel memories, the camera delivers results that are as dependable as the rest of the device.

Raising the Bar for Foldable Smartphones

The OPPO Find N6 demonstrates that durability and premium design no longer have to exist at opposite ends of the spectrum.

By combining Armour Shield Architecture, industry-leading water and dust resistance, a titanium hinge certified for one million folds, flagship performance, intelligent productivity features, and professional imaging capabilities, the Find N6 sets a new benchmark for what users should expect from a foldable smartphone.

For professionals who need a device that can keep pace with their ambitions, the OPPO Find N6 proves that the future of foldables isn’t just more innovative. It’s stronger, smarter, and more reliable than ever before.

The OPPO Find N6 is priced at PHP 139,999. Customers can also enjoy exclusive offers and freebies available for a limited time. Globe subscribers can avail of the Find N6 through GPlan 2499 with PHP 73,600 cashout, while Smart users can purchase the device under Smart Infinity Plan 5000, with exclusive benefits.

To know more about the OPPO Find Series, visit OPPO Philippines’ official website at www.oppo.com/ph/ or OPPO Philippines’ official social media pages on Facebook, YouTube, and TikTok.

Angeline Quinto is celebrating her 15th anniversary with “AQuinse” concert that will take place on August 22 (Saturday) at the Araneta Coliseum, promising an unforgettable evening filled with nostalgic music and heartfelt performances reliving her journey throughout the years.

The Power Diva, best known for her signature hit “Patuloy Ang Pangarap,” described the show as a celebration of every dream she has fulfilled and every turning point in her life since emerging as the winner of the ABS-CBN reality singing competition “Star Power” in 2011 and becoming one of today’s most beloved singers.

“Itong concert na ito, talagang very personal siya para sa akin dahil sa loob ng 15 years, napakaraming nangyari sa kwento ko na gusto kong maibahagi sa mga tao. May mga nakakaiyak, mga nakakatuwa, nakaka-inspire, at mga nakaka-inlove,” shared Angeline.

“Ang lahat ng pangyayaring iyon, I’m sure may isang kanta na tumatak talaga sa puso ko at sa puso ng mga supporters ko na gusto kong balikan. Pag narinig nila sa August 22, magbabalik yung ganung pakiramdam, yung gusto ko na parang napaka-nostalgic ng feeling,” she added.

Joining Angeline as special guests are Erik Santos, Skusta Clee, Viñas Deluxe, Brigiding, and Precious Paula Nicole (Divine Divas), Baby Dolls, and more.

Tickets to “AQuinse: The Angeline Quinto 15th Anniversary Concert are available on Ticketnet and priced at P8,999 (Super VIP), P7,999 (SVIP), P6,999 (VIP), P4,999 (Patron A), P3,999 (Patron B), P2,9999 (Lower Box), P1,999 (Upper Box), and P950 (Gen Ad).

Don’t miss Angeline’s milestone concert “AQuinse” this Aug. 22 at the Big Dome. For more details on his music

The new track “Blue” is the first release from MILLENNIUM PARADE in nearly two years and has been selected as the ending theme for the TV anime “THE GHOST IN THE SHELL”, which is now available on all streaming platforms.

“Blue” features globally acclaimed artists Saya Gray and Daniel Caesar, and began taking shape around three years ago when Daiki Tsuneta and Saya Gray started working on it together. Daniel Caesar later joined the project which brought the song to completion.

Daiki Tsuneta and Saya Gray commented:

“This track ‘Blue’ was first created three years ago in the studio with Saya, and has reached its completion through Danny joining, whom I met while travelling. I’ve always admired the sheer talent of these two musicians, and the completed track has turned out to be truly incredible so I can’t wait for everyone to hear it.”

Daiki Tsuneta

“Working with Daniel and Daiki was spicy fun and the blending of worlds and cultures is very exciting.”

Saya Gray

In addition, the fourth anime promotional video featuring “Blue” has also been released so please check it out.

■”THE GHOST IN THE SHELL” promotional video vol.4: https://www.youtube.com/watch?v=2OGEOg3bbIc

MANILA, PHILIPPINES — Filipino content creator Raco Ruiz has extended his winning streak at the Hashtag Asia Awards, taking home Silver for Best Campaign by a Micro Influencer at the 2026 regional competition.

Raco received the award for Burger King’s The Big 4 Students Try The Whopper. NYMA Talent Management submitted the entry on his behalf as his management, under the Best Campaign by a Micro Influencer category, based on the campaign’s publication on his Instagram account.

The win was announced during the Hashtag Asia Awards ceremony held on July 10, 2026, at Sofitel Singapore City Centre in Singapore.

The latest recognition marks Raco’s third consecutive Hashtag Asia Award, having received an award every year since 2024.

He began the streak in 2024 with a Bronze award for Best Campaign by a Macro Influencer for McDo Chicken Check!, created in collaboration with McDonald’s. In 2025, he returned to the category and earned Gold for his HP Smart Tank campaign with HP Philippines.

His 2026 Silver win further establishes Raco as a consistently recognized creative voice in Asian social media, with three different campaigns for three major brands earning regional honors over three consecutive years.

“Winning back-to-back was already an incredible experience, so receiving this recognition for a third consecutive year came as a genuine surprise. I am deeply grateful to the Hashtag Asia Awards, Burger King, and all the brands, creative teams, and advertising agencies that have trusted me with the freedom to bring my ideas to life.

I am also thankful to NYMA Management for the support and work that happens behind the scenes. Being able to create content for a living, connect with audiences, and make people happy through these campaigns is already deeply rewarding. To have that work recognized on a regional stage is something I will never take for granted,” Raco shared.

Known for turning everyday Filipino observations into clever, highly relatable content, Raco has developed a distinct creative voice grounded in humor, cultural insight, and visual storytelling. His work demonstrates how branded content can communicate a commercial message while remaining authentic to both the creator and the audience.

“Raco’s third consecutive Hashtag Asia win is a remarkable achievement and a testament to his consistency as a creative. He approaches every campaign with intelligence, originality, and a deep understanding of his audience. We are incredibly proud to see Raco, Burger King, and Filipino creativity recognized on the regional stage,” said Kat Bautista, Founder and COO of NYMA.

The Hashtag Asia Awards recognize outstanding social media campaigns, creators, brands, platforms, and agencies from across Asia. The regional program celebrates work that demonstrates creativity, innovation, effectiveness, and meaningful audience engagement.

Raco is represented by NYMA, a talent management agency committed to nurturing trailblazers across media and bringing Filipino talent to the global stage.

Kapamilya girl group Baby Dolls continues their remarkable rise as their viral hit “Oohh Lala Baby” climbed to the top of the YouTube Trending for Music chart, adding another milestone to their growing list of achievements as they celebrated Grand Baby Dolls Day on “It’s Showtime.”

The latest achievement comes as the group keeps the momentum going with back-to-back viral hits “Oohh Lala Baby” and “Ikembot Mo,” songs that have become favorites among music fans and social media users alike.

Expressing their gratitude, the group shared, “Sobrang saya at thankful kami sa pagmamahal na ibinibigay ninyo sa ‘Oohh Lala Baby’ at ‘Ikembot Mo.’ Hindi namin maabot itong lahat ng milestones na ito kung hindi dahil sa suporta ninyo. Maraming salamat po sa inyong lahat!”

Since its release, the “Oohh Lala Baby” music video has amassed over 3.3 million YouTube views, while its lyric video has surpassed 9 million views. The dance craze has also taken over TikTok with more than 6.6 million posts using the song. On Spotify, the track has earned 4.2 million streams and is currently featured on the platform’s OPM Rising playlist.

The group’s growing popularity has also landed Baby Dolls on the cover of Spotify’s Viral Hits Philippines playlist, where “Oohh Lala Baby” ranks No. 3. They now have almost 1 million monthly listeners on Spotify.

Meanwhile, their other hit “Ikembot Mo” continues its own impressive run with over 4.2 million views on YouTube and more than 2.4 million TikTok posts, while accumulating 2.2 million Spotify streams.

Adding to their success, Baby Dolls’ debut EP “Zoom Baby Dolls” has already garnered nearly 7 million streams, while the lyric videos from the project have collectively surpassed 13.5 million views on YouTube.

The post FEU student films ‘Ibong Yabi’ and ‘Kahel’ selected as finalists in 38th CCP Gawad Alternatibo appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Navoteño Film Festival opens 8th edition with visual storytelling workshop appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Silkscreen explores family, legacy, and the fading art of traditional shirt printing in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Status: Rejected explores dreams, family, and digital connection in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post JM-Fyang’s fake engagement romance heats up in Will You Fake Marry Me? Part 2 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Baby Dolls’ “Oohh Lala Baby” tops YouTube Music Trending chart appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Angeline Quinto celebrates 15 years of music with “AQuinse” anniversary concert appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Kaka sa Yawan explores friendship, healing, and Mangyan heritage at Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Runo! brings a heartfelt tale of loyalty and survival to Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

Get dinner on the table in minutes! This Asian-style Pork and Green Bean Stir-fry is quick and easy without sacrificing taste. Packed with tender-crisp vegetables, flavorful ground pork, and an irresistible sweet-savory sauce, it’s a nutritious and delicious meal the whole family will love. Want something fast and delicious for tonight's dinner? Say hello to…

The post Pork and Green Bean Stir-fry appeared first on Kawaling Pinoy.

Skip the takeout and recreate your favorite noodle dish cheaper and better at home! Panda Express Chow Mein Copycat recipe is ready in minutes and tastes just like the restaurant. This vegetarian stir-fry is hearty, tasty, and sure to satisfy your Chinese food cravings! Back in the day, when I worked 9 to 5, Panda…

The post Panda Express Chow Mein Copycat appeared first on Kawaling Pinoy.

THE ONGOING Middle East war may have continued to take a toll on migrant Filipinos, as the money they sent home in May slumped to its lowest level in a year, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.

Cash remittances from overseas Filipino workers (OFWs) rose by 2% year on year to $2.713 billion in May. This is the lowest level of cash remittances since May 2025, when remittances stood at $2.658 billion.

The 2% annual growth was the same as in April, which was the slowest in nearly four years or since the 1.8% in May 2022.

“Cash remittances increased year on year in May 2026, reflecting sustained inflows from overseas Filipinos,” the central bank said in a statement on Wednesday.

However, the latest monthly tally slipped by 0.18% from $2.718 billion in cash remittances logged in April.

Analysts said this signals a possible slowdown in remittance growth, as headwinds from the ongoing conflict in the Middle East imperil OFWs’ employment.

“The May remittance data suggest that growth remains positive but may be losing some momentum,” Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said in a Viber message.   

Jonathan L. Ravelas, a senior adviser at Reyes Tacandong & Co., attributed the softer remittance growth in May to elevated living costs in host countries, slower global economic activity, and OFWs adjusting their remittances to a weaker peso.

“With the peso relatively weaker against the dollar compared with a year ago, many OFWs can send fewer dollars while still delivering the same, or even higher, peso value to their families,” he also said via Viber. “In short, the purchasing power of every dollar remitted has improved, reducing the need to send larger dollar amounts.”

In May, the peso averaged P61.441 against the greenback, as it plunged back-to-back to a new historic low of P61.75 on May 18 and 19.   

BSP data showed Filipinos based in the US remained the top source of cash remittances during the month, with Singapore and Saudi Arabia trailing behind.

Land-based workers sent the bulk of cash remittances in May, which edged up by 2.1% annually to $2.17 billion, while sea-based workers sent home 1.7% more than last year with $540 million.

Meanwhile, personal remittances, which include both cash coursed through banks and informal channels as well as in-kind remittances, climbed by 2.1% to $3.033 billion in May from $2.971 billion a year ago.

On a seasonally adjusted basis, personal remittances inched up by 0.1% month on month to $3.34 billion.

FIVE-MONTH REMITTANCES
In the five months to May, migrant Filipinos sent home a total of $14.11 billion, up 2.5% from $13.766 billion a year ago.

This was the highest five-month remittances tally ever, but the growth reflects the weakest pace since the COVID-19 pandemic, when remittances as of May contracted by 6.4%.

“This highlights the sustained role of (overseas Filipinos) in supporting household income, spending, and overall domestic demand,” the central bank said.

Mr. Ravelas also noted that the all-time-high five-month remittances level points to OFWs’ resilience and continued willingness to support their families in the Philippines. 

“That suggests Filipino workers abroad continue to support their families despite global uncertainties, elevated inflation, and geopolitical tensions in the Middle East,” he said.

Inflation has been above the central bank’s 3% target since March, or the first full month of the US-Israel war on Iran. In the first half, inflation averaged 4.8%.

Based on BSP data, remittance flows from the Middle East, which accounts for about 20% of total inflows from all host countries, amounted to $447.73 million in May, falling by 8.9% from $491.569 million in April.

Still, cash remittances from Middle East-based OFWs jumped by 3.6% year on year to $2.494 billion as of May from $2.407 billion.

As of end-May, over 10,000 OFWs have been repatriated since the Middle East war erupted on Feb. 28.

Inflows from the United States accounted for 39.4% of the total cash remittances as of May.

This was followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), the United Kingdom (4.6%), the United Arab Emirates (4.3%), Canada (3.3%), Qatar (2.9%), Taiwan (2.8%), and South Korea (2.7%).

As of May, money sent home by land-based workers reached $11.22 billion, increasing by 2.5% from $10.94 billion a year earlier.

On the other hand, remittances from sea-based OFWs grew by 2.3% to $2.89 billion during the five-month period from $2.82 billion in the prior year.

Meanwhile, personal remittances were up by 2.6% year on year to $15.735 billion from $15.343 billion previously.

According to Mr. Asuncion, the latest remittances data might still not reflect the full impact of the United States and Israel’s war against Iran, with the recent re-escalation posing renewed risks.

“More importantly, the renewed risk of a US-Iran escalation raises the possibility that the impact on OFW employment and deployment in the Middle East could become more visible in the months ahead,” he said.

“While remittances remain resilient for now, we believe downside risks have increased and may not yet be fully reflected in the latest data,” he added.

Mr. Ravelas said he sees remittance growth softening amid heightened global volatility, although he noted that remittances will likely remain a significant economic growth driver.

“Unless we see a major disruption in overseas labor markets, remittance inflows should continue to support consumer spending, help stabilize the peso, and provide an important buffer against external economic shocks,” he said.

“The message from the latest data is clear: remittances are no longer growing as rapidly as before, but they remain remarkably resilient and dependable.”

The BSP expects cash remittances to climb 2.7% to $36.6 billion this year, slower than the 3.3% to $35.6 billion in 2025.

The new menu includes four donburi options: Kakuni Don, Titan Don, Ebi Tendon, and Beef Curry, alongside Japanese-inspired desserts such as Sesame Panna Cotta, Yuzu Tiramisu, and Yaki Imo Mochi. The offerings are available at Yushoken’s original Alabang location.

“The ramen bar format may not always be accommodating people who are coming with the people who are obsessed and really want our dishes,” Nippon Hasha, Inc. President and Chief Executive Officer Ryan K. Cruz said during the launch.

“It’s an extra third or fourth seat on the table where we want to create something for someone with the companions who love that obsession, so to speak,” he added.

Mr. Cruz said the new offerings draw from dishes already served across Nippon Hasha’s portfolio, which includes Mendokoro Ramenba, Marudori, Kazunori, Kazu Cafe,
“A lot of these dishes are part of our competencies and the things that we are good at,” he said.

“We’ve gotten to know over the years what people like and what we will be able to execute and deliver.”

He noted that the company deliberately kept the expansion focused rather than significantly increasing the menu size.

“It’s coming up with dishes that we think that people would love and we know that people tend to gravitate towards too,” Mr. Cruz said. “And dishes that we know that we can execute well as we’ve been doing this in other restaurants as well.”

Founded in 2012, Ramen Yushoken built its reputation on a concentrated menu of ramen, tsukemen, and maze soba developed in partnership with Japanese ramen masters Koji Tashiro and the late Kazuo Yamagishi, widely known as the “Ramen God.” The restaurant’s name translates to “House of Ramen Champions.”

While Nippon Hasha has no immediate plans to expand its existing brands, Mr. Cruz said it continues to develop new concepts.

“We’re always working on something,” he said. “The concept that we’re currently working on is still in its infancy. So, it’s a bit premature to talk about it because I don’t even know what the final form will really look like.”

Asked what has enabled the company to remain relevant for more than a decade in the highly competitive restaurant industry, Mr. Cruz pointed to its strong culinary foundation and commitment to continuous improvement.

“The need and the desire to constantly improve is something that I would say sets us apart from everyone else,” he said.

“When there’s a customer complaint, I will call them up to apologize. I will look into every single incident that happens. We’re always looking for ways to improve our business.”

He added that the company has continuously refined its products over the years rather than relying solely on its reputation.

“When I see the photos of our bowls 15 years ago, I already know just by looking at the photo that it was maybe 70% of what we’re serving now,” Mr. Cruz said. “We’ve improved it so much since then.” — Kaizzer Angela Marie V. Manuba

The Bureau of Fisheries and Aquatic Resources (BFAR) noted such boost in the production of artisanal, solar, and cooking salt after implementing interventions to strengthen the local industry and reduce import reliance under the Development of Salt Industry Project (DSIP). This initiative is designed to revitalize salt farms nationwide while creating sustainable, diversified livelihood opportunities for coastal communities.

“We are pleased with the improvement in salt output from January to June this year, reflecting gains of the DSIP. BFAR will continue to provide unwavering support to the Philippine salt industry as we work toward unlocking its full potential,” said BFAR National Director Elizer Salilig.

DSIP’s positive impact can be seen in Barangay Tawagan Sur, Pagadian City, where local fisherfolk are transforming their community into a productive salt hub. Originally organized in year 2000 for seaweed farming, a dedicated group of 19 members — mostly women — has successfully pivoted to salt production.

With BFAR’s guidance, the group employed rigorous site assessments and salinity testing to ensure their area was optimal for salt farming. To bolster their operations, the Bureau provided essential infrastructure, including solar beds, greenhouse tunnel-type salt dryers, elevated solar dryers, storage facilities, and necessary operational tools.

The transition has yielded impressive results. In 2025 alone, the group produced nearly 7 MT of high-quality salt. Today, the community operates a sophisticated network of 12 ground-level solar beds, four greenhouse dryers, 19 elevated solar dryers, and two dedicated storage facilities.

To further elevate their output, BFAR-Region IX is set to provide an iodizing machine this year, while the Department of Science and Technology (DoST) is providing technical support to foster innovation in iodization and the development of value-added salt products.

Pagadian City Agriculturist Engr. Ramon Rodrigo underscored the importance of this community-led revival.

“Revitalizing the salt industry is essential to strengthening our local production. What we are seeing in Tawagan Sur is proof that with the right support, technical guidance, and community determination, we can produce high-quality salt and secure sustainable livelihoods,” said Mr. Rodrigo.

As national production figures continue to climb, BFAR is committed to expanding the DSIP, aiming to see transformation in more coastal communities and ensure that the Philippine salt sector remains a pillar of local economic growth and a source of national pride.

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

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

THE SHARE of working children in the Philippines rose to 3.1% of the total child population in 2025 from 2.7% a year earlier, the Philippine Statistics Authority (PSA) said.

The number of working children was estimated at 869,000 in 2025, slightly higher than the 861,000 recorded in 2024.

The PSA defines working children as those aged five to 17 years who are engaged in a family business or any economic activity, regardless of pay, for at least one hour a week.

Boys accounted for 61.6% of working children in 2025, while girls made up 38.4%.

The services sector had the biggest share of working children at 48.7% last year, down from 50.4% in 2024.

Agriculture accounted for 41.2% of working children in 2025, up from 40.7% a year earlier.

Industry posted the smallest share at 10.1%, rising from 8.9% in 2024.

Majority of working children, or 69.1%, worked 20 hours or less a week in 2025, lower than 73.8% in 2024, the PSA said.

Meanwhile, the number of working children engaged in “child labor” was estimated at 514,000 in 2025, up from 509,000 a year earlier.

The PSA defines child labor as work performed by children in hazardous conditions or for more than 40 hours a week.

Child laborers accounted for 59.1% of all working children in 2025, unchanged from 2024 but lower than 62% in 2023.

Of the 514,000 children engaged in child labor, 72.7% or 374,000 were boys, while 27.3% or 140,000 were girls.

The agriculture industry had the largest share of child laborers at 65.5%, followed by services at 25.8% and industry at 8.7%.

Built on nearly three decades of trust from Filipino families, strategic investments, operational excellence, innovation, and compassionate service, Forest Lake’s record performance is a testament to the growing demand for accessible and comprehensive memorial care solutions across the country.

Beyond its financial achievements, the company proudly stays true to its promise of creating “A Better Place” for Filipino families through the expansion of its Total Memorial Care offerings, and by consistently making quality memorial services more accessible nationwide.

“2025 was a landmark year for Forest Lake. Our record-breaking P5.5-billion sales production, combined with strong revenue and profit growth, reflects the trust that Filipino families continue to place in our brand and the dedication of our people,” said Alfred Xerez-Burgos III, President and CEO of Forest Lake Development, Inc.

Forest Lake’s record sales translated into equally strong financial results, reinforcing the company’s position as one of the country’s leading memorial providers. Its strong performance was reflected across key financial indicators, including revenue, profitability, liquidity, and shareholder’s equity.

Aside from the milestone P5.5-billion sales, total revenue likewise grew by 20% to P3.26 billion, up from P2.72 billion in 2024, continuing the company’s sustained average annual revenue growth of approximately 20% since 2020 — a testament to  the company’s long-term business strategy and the growing trust of Filipino families nationwide.

Moreover, net income before tax also increased by 20% to P789 million, compared to P660 million a year earlier. Forest Lake also strengthened its financial position with total equity rising to P2.66 billion from P1.90 billion, while cash and cash equivalents surged by 121%, providing greater liquidity and financial flexibility to support future investments.

Meanwhile, the company’s P3.55 billion in land and land development assets reflects its long-term commitment to nationwide expansion and service excellence.

“The strength of our financial performance enables us to continue investing in expansion, innovation, and Total Memorial Care services that address the evolving needs of the families we serve,” Mr. Xerez-Burgos III added.

Further strengthening its growth trajectory, the Securities and Exchange Commission approved Forest Lake’s increase in authorized capital stock from P1 billion to P4 billion, which enhances the company’s capacity to pursue new memorial park developments, expand memorial chapels and Total Memorial Care facilities, invest in technology and digital transformation initiatives, and develop innovations that improve customer experience.

Combined with the company’s strong retained earnings and growing equity base, the increased capitalization provides Forest Lake with a solid financial foundation for more developments in the years ahead.

Chairman Alfred Xerez-Burgos, Jr. echoed this commitment:  “Forest Lake’s continued growth demonstrates the resilience of our business model and the enduring trust of our customers. Our strong financial foundation positions us well for the next phase of expansion.”

He added, “The milestones we achieved in 2025 are not only indicators of business success but also of our continued ability to create long-term value for families, communities, employees, and stakeholders.”

Beyond its financial success, Forest Lake continues its transformation from the country’s leading memorial park developer into a comprehensive Total Memorial Care provider, offering integrated memorial solutions that provide Filipino families with compassionate support before, during, and after their time of need.

Its growing portfolio now includes memorial parks, memorial chapels, cremation services, columbarium developments, interment services, “Libre Burol / Libre Haya,” and “Libing Anywhere.”

Today, Forest Lake operates 42 memorial parks nationwide, and is supported by a network of 41 accredited funeral home partners, enabling the company to deliver Total Memorial Care — including Libre Burol services — to more families across Luzon, Visayas, and Mindanao.

For more information, visit www.forestlakeparks.com or follow Forest Lake on Facebook (@ForestLakeMemorialParks) and Instagram (@forestlakememorialparks).

For nearly three decades, Forest Lake Development, Inc. has established itself as the Philippines’ leading memorial park developer, providing thoughtfully designed, family-friendly memorial parks throughout Luzon, Visayas, and Mindanao. More than places of remembrance, Forest Lake parks serve as peaceful spaces where families gather, connect, and celebrate the memories of their loved ones.

With 42 memorial parks nationwide, Forest Lake continues to expand its offerings beyond memorial park development through its Total Memorial Care solutions, including memorial chapels, cremation services, columbariums, interment services, Libre Burol, and Libing Anywhere. This growth reflects the company’s commitment to meeting the evolving needs of Filipino families with compassion, convenience, and care.

Guided by its mission to create “A Better Place,” Forest Lake upholds the values of personalized service, value creation, teamwork, innovation and creativity, and professionalism. Through continuous innovation, customer-centered service, and thoughtful development, Forest Lake remains committed to creating long-term value for families, partners, investors, and the communities it serves.

Forest Lake Memorial Parks is headquartered on the third floor of Alexcy One Building, 51 President’s Avenue, BF Homes, Parañaque City. For more information, email info@forestlakeparks.com or visit forestlakeparks.com. Follow Forest Lake on Facebook @ForestLakeMemorialParks and Instagram @forestlakememorialparks.

Forest Lake continues its vision of providing spaces where the memories of loved ones are treasured, immortalized, and celebrated by the living.

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

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

Al Zarooni joined Emirates in 2006 and has built a broad international career across Europe, Africa, the Middle East and Asia. Most recently, he served as Emirates’ Vice President for Saudi Arabia, a role he assumed in 2024.

Over nearly two decades with Emirates, Al Zarooni has held commercial and leadership roles across Cyprus, Uganda, Tanzania, Morocco, Greece, Kuwait and Saudi Arabia. His experience spans commercial strategy, corporate sales, stakeholder engagement and government relations, including leading multicultural teams across international markets.

His leadership has been widely recognized across the Emirates network, with his teams receiving the Top Sales Team Award in Morocco and the Top Corporate Award in Saudi Arabia. While based in Greece, Al Zarooni was elected President and Chairperson of the Board of Airline Representatives by the foreign airline community, becoming the youngest person to hold the position. His election reflected the trust placed in him by industry peers for his professionalism, honesty and transparent approach.

Al Zarooni earned an MBA from England’s University of Wolverhampton.

“The Philippines has long been one of Emirates’ key markets in Southeast Asia,” said Al Zarooni. “Building on Emirates’ 36-year presence in the country, I look forward to working with our customers, travel trade partners and stakeholders to unlock new opportunities for growth and further strengthen Emirates’ position in the market.”

Earlier this year, the airline increased its services through Manila, Cebu and Clark to 32 weekly flights, connecting customers across the Philippines to its global network via its central hub in Dubai.

About Emirates

The Emirates story began in 1985 when the airline launched operations with just two aircraft. Today, Emirates operates the world’s largest fleets of Airbus A380s and Boeing 777s, alongside its new Airbus A350 fleet, offering customers the comfort of some of the latest and most efficient wide-body aircraft in the skies.

Emirates inspires travellers around the world with its growing global network, industry-leading inflight entertainment, regionally inspired cuisine and world-class service.

Robin Padilla’s character, Ahmad Mustapha, meets a tragic end as government destabilization escalates in ABS-CBN’s hit primetime series “Blood vs Duty.”

Serving as the presidential chief of staff and Jalil’s (Gerald Anderson) secret ally, Mustapha ended up as the latest victim of the mastermind, retired general Manuel Carillo, after a tense face-off that culminated in his death.

Robin has stood out as a Muslim character in the action-drama, portraying the role with authenticity and dignity and helping broaden the representation of Muslims beyond familiar stereotypes.

The veteran actor previously thanked ABS-CBN for the opportunity to represent the Muslim community through the series.

“Ako po ay nagpapasalamat ng buong puso sa balanseng paglalahad sa istorya patungkol sa buhay ng mga kababayan ninyong mga Filipino Muslim. Ang malinaw na pagpapakita ng aming pananampalatayang Islam ay ginintuan sa aming mga mata, ganon din ang mga tradisyong katutubo ng mga tribo patungkol sa pamilya at komunidad ay kayamanan ng ating bayan sapagkat isa itong kaalaman ng pangkalahatan at magbibigay ito ng malawakang pagkakaintindihan tungo sa inaasam nating kapayapaan sa ating bansa,” he said.

Viewers loved his comeback TV project that showed him doing action scenes anew.

“Grabe, walang kupas, magaling pa rin si Senator Robin Padilla. Super idol,” a viewer on YouTube said. “Muli na naman nating mapanood ang galawang Robin Padilla,” another netizen commented.

Others enjoyed the explosive action brought by Robin and the “Blood vs Duty” lead actors, Richard Gutierrez and Gerald Anderson.

“Wow ang mga action star nagsama!,” another online viewer posted.

Catch more intense action and shocking revelations in the last few weeks of “Blood vs Duty” on ABS-CBN sa ALLTV2, A2Z, Kapamilya Channel, and Kapamilya Online Live on Mondays thru Fridays at 8:45 pm. The series also streams on Netflix, 72 hours in advance, and iWant, 48 hours in advance of its television airing. Viewers outside of the Philippines can watch on The Filipino Channel (TFC) on cable and IPTV.

Revival King Jojo Mendrez touched hearts with his moving performance of his latest single, “Yakap,” at the 17th PMPC Star Awards for Music, where he served as one of the guest performers.

“Yakap” is his reimagined take on the timeless romantic ballad first popularized by Junior in 1979. The song tells the story of returning blissfully to a loved one after enduring immense heartache and longing.

Jojo’s fresh remake dropped on digital platforms last May. Its official lyric video is up on ABS-CBN Star Music YouTube channel.

The song was composed by George Canseco, Junior, and Fernando Egea. Meanwhile, its new version was arranged by Tommy Katigbak, mixed and mastered by Dan Tanedo, and produced by ABS-CBN Music creatives, content, and operations head Jonathan Manalo.

Before “Yakap,” the philanthropic businessman and concert producer also released the songs “Nandito Lang Ako,” “Somewhere In My Past,” and “Valentine,” which have been featured on radio stations and digital platforms. He likewise dropped a Christmas single last year titled “Ngayong Pasko’y “Ikaw Pa Rin.”

While football takes centre stage this season, the spirit of sport extends far beyond the pitch. From aspiring strikers chasing World Cup dreams and volleyball teams fighting for every point, to basketball prodigies, figure skaters, and athletes determined to overcome their own limitations, these stories capture the drive to push further, compete harder, and never give up. Through teamwork, perseverance, and moments of brilliance under pressure, they showcase what it takes to rise to the occasion when everything is on the line.

So while you’re counting down to kick-off, waiting for the next big match, or reliving the tournament’s most unforgettable moments, let Crunchyroll keep the competitive spirit alive. Whether you’re a lifelong sports fan or simply love stories about ambition and growth, these anime deliver all the intensity, emotion, and adrenaline that make sport such a powerful force. Grab your jersey, settle in, and get ready for a marathon of victories, setbacks, and comeback stories worthy of the world stage.

1. BLUE LOCK

Japan’s desire for World Cup glory leads the Japanese Football Association to launch a new rigorous training program to find the national team’s next striker. Three hundred high school players are pitted against each other for the position, but only one will come out on top. Who among them will be the striker to usher in a new era of Japanese soccer?

2. Haikyu!!

Haikyu!! is a slice-of-life volleyball sports anime based on the Weekly Shonen Jump manga series from Haruichi Furudate. Hinata is inspired to create a volleyball team in his last year of middle school. Matched against the “King of the Court” Tobio Kageyama’s team they ultimately lose. Vowing to surpass Kageyama, Hinata joins the high school volleyball team only to find that Tobio has joined too.

3. Shoot! Goal to the Future

Years after winning a National Championship for Kakegawa High School, Atsushi Kamiya returns as a coach to a less-than-stellar team. And one of the team’s best players, Hideto Tsuji, is over playing soccer altogether! Will the star of a famous soccer team turned coach be able to reinvigorate his team and Hideto?

4. Kuroko’s Basketball

An up-and-coming power player, Taiga Kagami, is just back from America. When he comes to Seirin High School, he meets the super-ordinary boy, Tetsuya Kuroko. Kagami is shocked to find that Kuroko isn’t good at basketball, in fact, he’s bad! And he’s so plain that he’s impossible to see. But Kuroko’s plainness lets him pass the ball around without the other team noticing him, and he’s none other than the sixth member of the Miracle Generation.

5. Eyeshield 21

Since he was a child, Sena had been bullied into running errands which has given him superb speed which the American football team captain wants as part of “Eye Shield 21…Lightning Speed”.

6. Yuri!!! on ICE

Big dreams, a shared passion—on the ice, they call it love. After suffering a humiliating loss at the Grand Prix Final, Japan’s number one skater, Yuri Katsuki, is ready to hang up his skates for good. Taking time off from competition, he re-evaluates himself and his passion, only to return home with no medals, zero confidence, and no reason to return to the ice. That is, until Victor…

7. MF GHOST

Japan adopts self-driving electric automobiles and renders most gas engines obsolete by 202X. The fastest cars find new life in the MFG, a racing circuit held on Japanese motorways. Drivers from around the world race for a shot at the title. Kanata Rivington returns from Britain to Japan for the MFG—and to find his father. Can he win the title and find answers? Buckle up and push it to the limit!

Audiences can enjoy a greater variety of shows on iWant as the streaming platform partners with digital entertainment company PlayTime Entertainment Corp. to produce new original programs that appeal to various Filipino viewers.

Under the partnership agreement, iWant and PlayTime Entertainment will co-produce new iWant shows, including the currently streaming vertical rom-com hit “Will You Fake Marry Me?” starring JM Ibarra and Fyang Smith, and the upcoming fourth season of the reality queer-dating show “Sparks Camp.”

The contract signing event held last July 7 (Tuesday) was attended by ABS-CBN officials Eugenio “Jamie” Lopez IV, head of ABS-CBN Digital; Jolly Estaris, head of iWant; and Jane Chua, head of Content Acquisition for ABS-CBN Digital and iWant. Representing PlayTime Entertainment were chairman and president Crisanto Roy Alcid, and company spokesperson Adela Mae Marshall.

iWant, the home of Filipino feels, continues to grow as a leading streaming platform in the country, offering a wide range of movies, series, live channels, originals, and short-form content that viewers can enjoy anytime and anywhere across multiple devices.

PlayTime Entertainment is an entertainment company that aims to architect the digital entertainment frontier through its work in premium media, professional sports, and content creation.

The partnership between iWant and PlayTime Entertainment enables audiences to enjoy more high-quality programming in iWant’s vast collection of Filipino feels and stories.

Enjoy all the feels you want, only on iWant, the largest library of Filipino feels. Download the app and subscribe via Google Play or the Apple App Store.

The post Born to Shine stars come together for Grand Fans Day this July 18 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post You’re My Favorite Song’ cast sets the stage for a heart-fluttering fan meet this August 1 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Angelica Panganiban and Zanjoe Marudo’s UnMarry makes its Netflix debut on July 23 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Marietta Subong fights for identity and survival in Cinemalaya 2026 entry “2 Valid IDs” appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Norvin De Los Santos brings a tale of survival, dreams, and resistance through Hoy, Hoy, Ingat! in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post JL Burgos explores friendship and courage through ‘Ganggang’ in Cinemalaya 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Prime Video unveils first look at Carrie series adaptation from Mike Flanagan appeared first on COUNTER FLOW :: www.FlowGalindez.com.

Carne Guisada is a hearty, comforting stew made with tender beef and potato chunks slow-simmered in a rich, flavorful gravy of tomatoes, garlic, peppers, and spices. Perfect for homemade tacos or with rice! This Carne Guisada recipe was inspired by a spicy beef dish I had at a Mexican restaurant we went to one time…

The post Carne Guisada appeared first on Kawaling Pinoy.

“The University has a legal duty to protect and utilize its land for the UP community,” the academic institution said in a statement.

“UP can not turn a blind eye to the substandard living conditions in its own backyard – it is morally bound to help its most vulnerable community members,” it added.

Tensions sparked at Pook Malantic in Barangay UP Campus, UP Diliman, on Wednesday after residents formed a human barricade out of fear of demolition, preventing a private truck and security personnel from entering the community.

The university clarified that no house demolitions were ordered that day and that it intended only to fence the perimeter of the on-site transition housing area.

“UP is indisputably the owner of the land on which rental housing will be provided to UP staff and ISF (informal settler families),” the institution said. “The courts have affirmed many times that UP owns the land in its Diliman campus.”

UP is also committed to providing ‘secure’ and ‘dignified’ shelter to at least 26 ISFs who may be affected by the construction of its housing project. “With on-site relocation, no ISFs will be displaced from their community,” it added.

The UP Southern Diliman Gardens Rental Housing Project is a socialized rental housing project under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. It is one of the flagship housing components envisioned for the UP Sustainable Development Goals Park.

The project comprises eight walk-up buildings totaling about 1,000 housing units, each measuring 27 square meters. It targets construction completion in 2027.

The rental housing initiative will be undertaken by Megawide Construction, the contractor for the Department of Human Settlements and Urban Development (DHSUD).

“UP’s rental housing initiative is specifically designed to provide affordable, decent, secure, and accessible shelter for UP staff and ISFs,” the university said. “Protecting them from displacement or exploitation by individuals or groups falsely claiming ownership of or control over UP land.”

“Beyond housing, UP has committed to providing livelihood training and support, sustainable communal urban farming, education and university readiness programs, and other initiatives for the welfare of community members,” it added.

UP earlier unveiled the model unit for its pilot rental housing project that is expected to benefit over 3,000 individuals. Apart from the Diliman campus, DHSUD is also implementing a rental housing project for UP-Los Baños. — Almira Louise S. Martinez

Net inflows of foreign direct investments (FDI) in the Philippines plunged to a near 10-year low of $250 million in April, as heightened global uncertainty dented investor sentiment, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Based on central bank data released on Friday, FDI net inflows declined by 58.8% to $250 million in April from $607 million in the same month last year.

April saw the lowest monthly level seen since the $244 million in June 2016, and the steepest year on year drop since the 76.1% in December 2022.

Month on month, FDI net inflows slumped by 59.1% from the $611 million in March.

“The sharp decline in FDI net inflows to $250 million in April likely reflects a combination of weaker intercompany borrowings, slower reinvestment activity, and continued investor caution amid an uncertain global environment,” Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said via Viber.

The latest FDI level was dragged by the 91.7% drop in net investments in debt instruments to $44 million in April from $522 million a year ago.

Reinvestment of earnings likewise slipped by 1.9% to $80 million from $81 million in April 2025.
Meanwhile, investments in equity and investment fund shares more than doubled (143.5%) to P207 million in April from $85 million the prior year.

Foreign net investments in equity capital other than reinvestment of earnings also ballooned (3,041%) annually to $127 million from $4 million previously.

Equity placements jumped by 21.4% to $136 million from $112 million a year earlier, while withdrawals plunged by 91.7% to $9 million from $108 million.

For Mr. Asuncion, the softer FDI inflows in April likely came as firms and investors deferred investments amid highly uncertain global conditions compounded by weak domestic growth.

“At the same time, heightened global uncertainty stemming from trade tensions, lingering geopolitical risks, and episodes of financial market volatility may have prompted multinational firms to defer expansion plans and adopt a more conservative stance toward capital deployment,” he said.

“Domestically, relatively subdued economic growth in the early part of the year may have also tempered investment decisions,” he added.

FOUR-MONTH FDI DOWN
In the four months to April, the country’s FDI net inflows totaled $1.968 billion, falling by 26.5% from the $2.675 billion in the same period last year.

This was the 15th consecutive month that the cumulative FDI level dropped year on year.

“The decline was driven by lower foreign net investments in debt instruments and reinvestment of earnings, which more than offset the increase in foreign net investments in equity capital (other than reinvestment of earnings),” the BSP said in a statement.

BSP data showed nonresidents’ net investments in debt instruments sank by 40.3% to $1.218 billion in the January-to-April period from $2.042 billion the previous year.

Reinvestment of earnings, on the other hand, dropped by an annual 14% to $285 million in April from $332 million a year ago.

However, net equity capital investments excluding reinvested earnings surged by 53.7% to $464 million as of April from $302 million a year ago.

This as equity capital placements edged up by 3.3% to $526 million from $509 million, with bulk of the flows coming from Japan, the United States, and Singapore.

“These were channeled largely into the manufacturing, financial and insurance, and real estate industries,” the BSP added.

At the same time, withdrawals plunged by 70.5% to $61 million in April from $207 million a year ago.

Investments in equity and investment fund shares also climbed by 18.3% to $750 million during the period from $634 million last year.

According to Mr. Asuncion, the Philippines may continue to see subdued foreign investment flows over the near term, with recovery expected as the global financial climate and domestic growth improve.

“That said, while FDI may remain soft in the near term, we do not expect a sustained collapse in inflows,” he said, noting gains from long-term investment fundamentals, enhanced infrastructure, ongoing investment liberalization measures, and growth opportunities across multiple sectors.

“As global financial conditions stabilize and domestic growth gains traction, we expect FDI inflows to gradually recover, although the pace will likely remain uneven given the lingering uncertainties in the global economy,” Mr. Asuncion added.

FDIs refer to cross-border investments in which a nonresident investor holds at least 10% equity in a resident enterprise. These may take the form of equity capital, reinvestment of earnings and intercompany borrowings.

The BSP’s FDI data reflect actual investment flows. This differs from the Philippine Statistics Authority’s approved foreign investment data, which represent investment commitments that may not necessarily be realized within the reference period.

The central bank sees FDI net inflows falling to a total of $7 billion this year from the estimated $7.8 billion recorded in 2025.

“We are working tirelessly to ensure these classrooms are built with efficiency and transparency as this infrastructure is the bedrock of a quality learning environment,” Education Secretary Juan Edgardo “Sonny” M. Angara said in a news release.

“We will continue to hold our partners and our internal systems to the highest level of accountability to ensure these projects remain on track,” he added.

According to the agency, 72 provinces, 73 cities, and 23 municipalities have signed Supplemental Memoranda of Agreement (MOA) for the localized classroom building program.

The enhanced monitoring framework aims to ensure that local infrastructure projects align with national timelines, digital validation, and strict quality protocols. All LGU-implemented projects are ordered to strictly adhere to DepEd’s technical standards, safety protocols, and the New Government Procurement Act.

DepEd said that 130 of the 149 monitored LGUs are currently conducting pre-procurement activities, including pre-bidding, posting, opening of bids, preparation of the Program of Work (POW) and Detailed Architectural and Engineering Design (DAED), and market scoping. These activities cover construction requirements for 358 schools nationwide.

Three LGUs have also advanced to the procurement award stage for 22 school sites.

The agency noted that it continues to use INSIGHTED, a real-time digital validation and monitoring system, to track construction progress and monitor the remaining LGUs.

“Our goal is not merely to construct buildings, but to ensure that every peso spent translates into quality and safe classrooms for our learners,” Mr. Angara said in Filipino.

“Under the directive of President Marcos, we continue to strengthen monitoring to ensure that every project meets our high standards,” he added.

The localized classroom construction program complements the agency’s other infrastructure initiatives to address the current classroom gap of over 144,000.

DepEd has allocated P65.9 billion from its P1.015-trillion 2026 budget for the construction of 24,964 new classrooms, and P7.7 billion for the repair and rehabilitation of 11,886 classrooms. — Almira Louise S. Martinez

The first step is awareness, understanding how everyday choices affect the environment. Simple shifts, such as choosing reusable over disposable, can make a meaningful difference. Green Finds available at SM Store help reduce waste while supporting daily routines.

1 of 3

Even in fashion, more conscious options are emerging, such as sustainable denim from Code Blue, designed with both style and environmental responsibility in mind.

Next is starting small and staying consistent. Sustainable living is built on habits, and even the simplest actions can create lasting impact over time. Creating a more sustainable home environment also plays a key role in this journey. This can mean reducing energy use, minimizing waste, or finding ways to reuse and repurpose everyday items.

Incorporating practical alternatives from SM Home, such as linens made of Bamboo, and home scents made by a social enterprise called Bright Ideas, help turn mindful choices into everyday practice.

1 of 3

For growing families, Baby Company offers products that are gentle, safe, and kind to both child and planet, making it easier to adopt greener habits early on. The Beaba Silicone Meal Set, made from durable, food-grade silicone, offers a reusable alternative to disposable feeding items, making mealtimes safer and less wasteful.

1 of 3

Even playtime becomes more purposeful with the Gund Eco Baby Plush which is made from recycled materials, combining sustainability with the warmth of a child’s favorite companion.

Making mindful purchases is another important step. Instead of buying for convenience, more consumers are choosing products that are responsibly made and designed to last.

Personal care essentials available at SM Beauty feature upcycled packaging- options that support both quality and conscious living. Naturals by Watsons Olive Shampoo hydrates and revitalizes with the dual power of organic olive oil and olive fruit extract, rich in antioxidants and natural fatty acids and packaged with reduced or no virgin plastic, showing how sustainability and indulgence can easily go hand in hand.

As these steps come together, they form a clear and achievable roadmap, one that evolves over time. A greener lifestyle is not about drastic changes, but about making better choices every day.

Start your journey to greener living today. Visit SM Store and explore sustainable essentials with SM Green Finds.

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

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

The facility makes PGH the country’s first public hospital to offer bone marrow transplantation, a treatment that was previously available only in private hospitals, Sheila B. Romero, founder of the I Want to Share (IWTS) Foundation said.

“Treatment usually costs approximately P2 million to P5 million, placing it beyond the reach of many Filipino families,” Ms. Romero said during the launch.

“But no patient — adult or child — should ever have to make that choice.”

“It is our legacy. A legacy of compassion, service, and of ensuring that every Filipino fighting cancer has the opportunity not just to survive but to live a full and meaningful life,” Ms. Romero said.

Dr. Teresita E. Dumagay, a hematology specialist, said the new facility is expected to increase the number of Filipinos who can undergo bone marrow transplantation. She noted that although around 1,000 patients needed the procedure last year, only 61 were able to receive it.

Bone marrow transplantation is a potentially life-saving treatment for patients with blood cancers and other serious blood disorders, including leukemia, lymphoma, multiple myeloma, aplastic anemia, and certain inherited blood diseases.

The charity wing of the bone marrow transplant unit was developed through a collaboration between PGH and IWTS at a cost of P38 million, along with in-kind donations, Ms. Romero said.

First Lady Marie Louise “Liza” Araneta-Marcos attended the launch and toured the newly opened unit.

Looking ahead, Ms. Romero said the foundation is set to inaugurate an adult leukemia ward at PGH in September. It also plans to renovate a four-story building that will serve as a palliative care facility for cancer patients. — Edg Adrian A. Eva

The post Messy, loud, and brilliant: PETA’s Ang Babae Sa Septic Tank 4 is the glorious theater chaos you won’t want to flush away appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Revival King Jojo Mendrez delivers heartfelt rendition of OPM classic “Yakap” at PMPC Star Awards for Music appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Film Academy of the Philippines launches Visayas Guild Summit to strengthen regional film communities appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Maymay Entrata celebrates lasting love with partner Joaquin Enriquez in new single “What We Love” music video appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Thai internet sensation Aon Somrutai begins Philippine entertainment journey with first-ever Manila visit appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Cinemalaya 22: Reel Reflections brings Filipino stories to life from August 6 to 18 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

Bavi entered the PAR at around 3 a.m. and was formally assigned the local name Inday, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said in its 5:00 a.m. briefing.

The super typhoon was last located 1,405 kilometers east of Northern Luzon. It retained its strength, packing maximum sustained winds of 185 kilometers per hour (kph) and gusts of up to 230 kph. It is moving westward at 25 kph.

Following its entry, Storm Signal No. 1 has been hoisted over several areas in Luzon.

This includes areas such as Batanes; Cagayan, including the Babuyan Islands; Apayao; and the northern and central portions of Isabela, including Santo Tomas, Aurora, Santa Maria, Quezon, San Mariano, Naguilian, Dinapigue, Roxas, Luna, Delfin Albano, Cauayan City, San Pablo, Ilagan City, Benito Soliven, Tumauini, Cabagan, Reina Mercedes, San Manuel, Palanan, Cabatuan, Quirino, Divilacan, Gamu, Mallig, Maconacon, Burgos, San Guillermo, Angadanan, Alicia, and San Mateo.

It is likewise in effect in the eastern portion of Kalinga, including Pinukpuk, Tabuk City, and Rizal; Dilasag in Aurora; and the northern and central portions of Catanduanes, including Pandan, Caramoran, Bagamanoc, Panganiban, Viga, Gigmoto, Baras, and San Miguel.

PAGASA said that under Signal No. 1, minimal to minor threats to life and property due to strong winds are possible within the next 36 hours.

The bureau also emphasized that the super typhoon has yet to directly affect the country during the forecast period.

The heavy rains that drenched Metro Manila and nearby areas early Wednesday were caused by localized thunderstorms.

“The heavy rains that we experienced in Metro Manila and nearby areas were not caused by the super typhoon… and southwest monsoon,” Chenel Dominguez, PAGASA weather specialist, said during the briefing in Filipino.

“Based on satellite images, the storm is too far from Metro Manila,” she added.

However, the super typhoon is expected to enhance the southwest monsoon by Friday, bringing scattered rains over large parts of the country, Ms. Dominguez said.

“We remind the public to take caution and be prepared for rains that will be caused by the southwest monsoon,” she said.

As for Bavi’s forecast track, it is expected to remain over the Philippine Sea and may be nearest to Extreme Northern Luzon by Friday. It is then forecast to exit the PAR by Saturday as it moves toward China.

Bavi is expected to maintain its super typhoon strength until Thursday before weakening into a typhoon by Thursday afternoon or evening. — Edg Adrian A. Eva

Philippine banks’ loan growth posted its fastest pace in over a year in May amid faster lending for residents’ business activities, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Universal and commercial banks’ total outstanding loans, net of reverse repurchase agreements, grew by 12.1% year on year in May to P14.989 trillion from P13.37 trillion.

This was faster than the 11.4% expansion in April.

It was also the quickest lending growth seen in 15 months or since the 12.2% in February 2025.

“This reflects banks’ expectations of steady loan demand from businesses and households in Q2 2026,” the central bank said in a statement late on Tuesday.

Most or 53.8% of banks polled by the BSP expected businesses to sustain steady demand for credit in the second quarter of the year, while 52.9% saw steady loan demand from households, the central bank’s latest Senior Bank Loan Officers’ Survey showed.

BSP data showed outstanding loans to residents climbed to P14.692 trillion in May from P13.046 trillion a year ago, reflecting a faster 12.6% jump versus April’s 11.8%.

This accounted for the bulk of the sector’s total outstanding loans during the period, with the remainder composed of loans to nonresidents.

For nonresidents, bank lending declined quicker by 8.3%, from 7.9% in April, to P296.887 billion in May from P323.828 billion last year. This includes loans by big banks’ foreign currency deposit units to nonresidents.

Based on BSP data, loans extended for residents’ production activities reached P12.67 trillion, up 11.7% annually from P11.347 trillion. This was an improvement from the 10.7% increase posted in April.

This came amid increased lending to major industries, the BSP said, with loans to the electricity, gas, steam, and air-conditioning supply sector surging by 32.9%.

Lending for transportation and storage also jumped by 21.4%, wholesale and retail trade, and repair of motor vehicles and motorcycles by 10.1%, real estate activities by 7.3%, and manufacturing by 6.4%.

Meanwhile, big banks disbursed a total of P2.022 trillion in consumer loans, 19% higher than the P1.699 trillion lent out a year earlier.

“This is slightly slower than the previous month’s 19.6% growth, reflecting softer expansion in credit card and motor vehicle loans,” the central bank said.

In May, credit card loans rose by 26.3% year on year to P1.269 trillion, while motor vehicle loans increased by 10.2% to P540.9 billion, and salary-based general purpose consumption loans by 6.4% to P171.79 billion.

The central bank monitors banks’ lending activities to track the transmission of monetary policy.

MONEY SUPPLY

Meanwhile, continued growth in private and public sector borrowings drove the country’s liquidity (M3) to climb by 12.8% to P20.604 trillion in May from P18.265 trillion the prior year.

This was faster than the 12.2% increase logged in April, and marked the fastest money supply growth in nearly six years or since the 13.7% expansion in August 2020

“Domestic liquidity growth was driven mainly by the sustained expansion in borrowings by both the private and public sectors,” the BSP said in a separate statement. “The increase in domestic liquidity supports economic activity by facilitating consumption, lending, and investment.”

M3 is a measure of the amount of money in the economy that includes currencies in circulation, bank deposits, and other financial assets that are easily convertible to cash.

Based on preliminary BSP data, domestic claims picked up by 13.3% from 12.7% in April as it rose to P23.672 trillion from P20.891 trillion in May last year.

Claims on the private sector, which is largely composed of loans to production sectors and households, rose faster by 13.2% in May to P15.204 trillion, improving from 12.6% in the previous month.

“Credit to production sectors and households, mainly in the form of bank loans, continued to grow and support economic activity,” the BSP said.

Net claims on the central government likewise increased by 16.2% annually to P6.41 trillion in May. This was faster than the 15.1% in April.

The central bank noted that this was driven by “the National Government’s issuance of debt securities and withdrawal of deposits from the BSP and banks to finance its spending.”

Claims on a sector refer to that sector’s liabilities to depository corporations such as banks and the central bank.

Meanwhile, net foreign assets (NFA) in peso terms went up by 9.1% to P7.153 trillion in May from P6.559 trillion in the same month in 2025.

Banks’ larger holdings of foreign currency-denominated debt securities boosted their NFA position by 16.4% to P776.001 billion.

The central bank’s NFAs also rose by 8.2% year on year to P6.377 trillion.

NFAs reflect the difference between depository corporations’ claims and liabilities to nonresidents.

On the other hand, M1 — which is considered a narrower measure of money supply comprising currency in circulation and current account deposit liabilities — was 9.5% higher at P7.982 trillion from P7.287 trillion a year ago.

The BSP said it will ensure that local bank lending and domestic liquidity conditions “remain consistent with its price and financial stability objectives.”

The Philippines’ unemployment rate rose to 4.8% in May as job losses in agriculture, driven by bad weather, outweighed employment gains in services and other industries, the Philippine Statistics Authority (PSA) said on Wednesday.

The unemployment rate increased from 3.9% a year earlier and 4.7% in April, while the number of jobless Filipinos rose to 2.5 million from 2.03 million in May 2025 and 2.41 million a month earlier.

“There was a significant drop in the number of employed persons in agriculture and forestry,” National Statistician Claire Dennis S. Mapa told a news briefing. “This is likely the impact of weather conditions in May.”

Mr. Mapa said employment in paddy rice farming declined by 734,000 workers from a year earlier, while corn cultivation lost 428,000 jobs.

The employment rate slipped to 95.2% from 96.1% a year earlier and 95.3% in April. Total employment reached 49.63 million, up by 738,000 from the previous month but down 663,000 from May last year.

Services remained the country’s biggest employer, accounting for 61.8% of total employment, followed by agriculture at 19.9% and industry at 18.3%.

Administrative and support service activities posted the biggest annual employment gain, adding 329,000 jobs, driven mainly by call centers and private security services.

Despite higher unemployment, job quality improved as the underemployment rate fell to 12.2% from 13.1% a year earlier and 15.2% in April.

Mr. Mapa attributed the decline to fewer workers seeking additional hours, noting that average weekly hours worked increased to 41.1 hours from 39.8 hours a year earlier and 40.2 hours in April.

“More people worked more than 40 hours per week this May,” he said, adding that about 34.36 million workers logged more than 40 hours during the week.

For the first five months of 2026, the average unemployment rate rose to 5.1% from 4% a year earlier.

The Unpacked event will be in London, according to an invite that Samsung sent to media on Tuesday. During its presentation, the company will introduce a slate of devices likely to include three foldable phones, along with wearables such as a smartwatch and clip-on wireless earbuds.

Samsung is expected to debut incremental successors to the Galaxy Z Fold 7, which unfolds like a book, and the clamshell-style Galaxy Z Flip 7. The shorter, passport-shaped variant of the Fold 8 will be added to the lineup as a third option.

By adding a device that’s shorter and wider, Samsung will offer a form factor that’s more immersive when watching videos and better for some multitasking workflows. The event invitation includes an obvious nod to the new design, and Samsung has also been teasing it across its own social media channels in recent days.

With an announcement in late July, Samsung is aiming to steal at least some momentum from Apple, which is set to introduce its first-ever foldable later this year. That long-awaited device will be among the first major new products to launch under John Ternus, who will become Apple’s next chief executive officer in September.

Samsung pioneered the folding phone category, though sales and overall market share for this segment remain tiny compared with conventional, slab-style smartphones.

Earlier on Tuesday, Alphabet Inc.’s Google revealed that its next Pixel hardware event will take place on Aug. 12 in New York. While Apple and Samsung will each offer fresh hardware styles, Google is likely to present handsets that are outwardly similar to their recent predecessors, leaning on new software features and Android’s agentic artificial intelligence capabilities to stand out.

Google’s original Pixel Fold had a squat design that its competitors are now emulating. But as it has done for the past two years, the search giant is likely to stick with a tall, more narrow design for its next folding model.

Samsung on Tuesday announced record profit of 89.4 trillion won ($58 billion) for the June quarter, a 19-fold jump that was largely spurred by the AI boom and infrastructure build-out.

The technology giant has also had to contend with a memory chip shortage that has driven up prices across the consumer electronics industry. In April, the company raised the price of some configurations of the Galaxy Z Fold 7, and another price hike could conceivably accompany the new models later this month. — Bloomberg

THE PHILIPPINES’ end-June dollar reserves jumped to the highest level in three months, backed by the central bank’s profits from its foreign investments and the foreign currency deposits it received from the National Government (NG), preliminary data showed.

Bangko Sentral ng Pilipinas (BSP) data released late on Tuesday showed the country’s gross international reserves climbed 0.78% to $104.803 billion at end-June from $103.988 billion the prior month.

This was the highest tally since the $106.636 billion at end-March.

The increase was driven by the NG’s net foreign currency deposits with the central bank and the BSP’s net income from its international investments.

“These were partly offset, however, by the… downward valuation adjustments, primarily driven by changes in prices of the BSP’s gold holdings and foreign currency-denominated reserve assets, and the NG’s drawdowns on its foreign currency deposits with the BSP for external debt service,” the central bank added.

The country’s foreign reserves also dropped by 1.13% from $105.998 billion as of June 2025, marking the third straight month that the GIR level declined year on year.

Dollar reserves are the central bank’s foreign assets held mostly as investments in foreign-issued securities, foreign exchange and monetary gold, among others.

These are supplemented by claims to the International Monetary Fund in the form of reserve position in the fund and special drawing rights.

The post Demon Slayer: Kimetsu no Yaiba Infinity Castle I begins streaming on Crunchyroll this July 28 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post The Sandbox Collective casts Bela Padilla, Gabby Padilla, Jake Cuenca, Audie Gemora and Menchu Lauchengco-Yulo in People, Places, and Things appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Manila Symphony Orchestra celebrates 80 years of the Philippine Republic with ‘Liberation’ concert appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Vice Ganda and Vic Sotto team up for first film together in The Greatest Showdown appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post YPC Stage launches maiden production Mapanakit: Mga Dulang Bittersweet on July 25 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post ’58th’ scores major win at New Zealand’s Doc Edge Festival appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Rekonek begins streaming on Netflix Philippines on July 12, 2026 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post 9 Works Theatrical’s Yemaya is a moving reflection on grief, acceptance, and hope appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Kobie Brown, Tuxqs Rutaquio join cast of About Us But Not About Us stage rerun appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The post Dive into terror with The Devil’s Mouth, streaming on Prime Video July 29 appeared first on COUNTER FLOW :: www.FlowGalindez.com.

The Small Enterprise Technology Upgrading Program (SETUP) is the agency’s flagship program for micro, small, and medium enterprises (MSMEs), providing financial and technical assistance to help them acquire appropriate technologies.

DoST Secretary Renato U. Solidum Jr. told BusinessWorld that eligible MSMEs can receive up to P5 million in assistance. The amount is repayable over three years, with repayment beginning after the first year and carrying 0% interest.

“With the SETUP program, our real goal is to help MSMEs become bigger,” Mr. Solidum said during a project site visit in Ilocos Norte on Thursday. “If they started as small, we want them to become medium.”

AutoNorte, an auto parts and accessories trading business based in Batac, Ilocos Norte, is among the beneficiaries of the SETUP program, having received P1.1 million in assistance to acquire additional equipment.

The equipment includes a four-post lifter, tire changer, wheel balancer, and high-precision computerized wheel alignment machine.

The DoST said the business has recorded productivity improvements, including cutting service time in half, increasing its number of clients by 30%, expanding its service volume by 50%, and creating three additional jobs.

“Through the equipment, they can already offer faster service while ensuring that they continue earning and expanding their product offerings on their own,” Mr. Solidum said in Filipino, citing the benefits of the program for the company.

The DoST Secretary also said that the agency is helping MSMEs expand beyond the support provided under the SETUP program through its recent partnership with the Land Bank of the Philippines, enabling qualified beneficiaries to access additional financing after undergoing the agency’s evaluation and endorsement process.

Apart from the metals and engineering sector, the DoST’s SETUP also supports MSMEs in priority industries such as food processing, agriculture and aquaculture, furniture manufacturing, textiles, health products, information and communications technology (ICT), among others.

Since the program’s inception in 2002, it has assisted more than 100,000 MSMEs, DoST said. — Edg Adrian A. Eva