Home Blog Page 1251

Supporting cast

STOCK PHOTO | Image by Pressfoto from Freepik

IN PHOTOS of high-profile events like the inauguration of a bridge or the launch of a digital product, there are often, at the edges, unfamiliar faces around the identified VIPs. These unknowns in the crowd are either cropped or simply identified as guests. This generic tag may refer to the event organizer’s assistant who was pulled in for the photo, or even a passing waiter. (Can I just put down my tray?)

Those surrounding VIPs wherever they go are not always well-known characters. They include stalkers with their own agendas to promote to the unwary center of attention.

Anonymous staffers who work behind the scenes around a well-known CEO are always part of the crowd. Can any organization survive without a supporting cast?

In movies, extras are necessary for those battle scenes or protest rallies. The lead stars at the center are surrounded by mobs that swell the crowd. These anonymous bodies and faces can now be replaced by computer-generated images to fill up seats in an amphitheater for a gladiatorial scene or be part of an invading horde charging up the beach.

Even among supporting cast members, there’s a hierarchy of importance in terms of screen time. In romantic comedies, supporting characters are necessary appendages, either funny or scolding, often the one who settles for the older sister of the main star. This role can also be a buddy who’s between jobs and just hanging out with the lead star. He can be the straight man to allow the lead to deliver the punch line of a joke.

It is no longer obligatory in Filipino movies, even in the now trendy action movie or romantic comedy, to use sidekicks. These perpetual supporting roles, assigned to a set of wannabes always available for a director’s call, can be dispensed with. In theater, the two-person cast is becoming more acceptable. (Even physical props can be dispensed with.)

In sports like basketball, the players on the floor at the opening buzzer are called the “starting five.” The others in the team, also in uniform and sitting down waiting for their minutes on the court, are called the “bench,” no longer the pejorative term of “benchwarmer.”

Sports analysts now devote some attention to the productivity of the bench. There is a growing preference for winning coaches in the NBA to have a deeper rotation of 10 players, giving more rest to the starters. This allows the bench to get more minutes. Also, when the game is written off as already lost or won with a big lead in the last few minutes, the bench can be emptied.

While supporting roles are recognized by award-giving bodies, they only go one level down so that one movie can only have a maximum of two supporting stars for nomination. Sometimes, the distinction can be hazy when there is more than one lead character of the same sex, so that a star can opt to compete for either best actor or best supporting actor, depending on the role’s prominence in the film.

Companies have their own supporting cast.

“Staff and support” functions usually get less attention and bonuses than those who can point to measurable revenue streams. While marketing and sales have easily quantifiable goals which they can surpass, the same is not true for such functions as IT, Finance, or HR, even if these functions enable sales and marketing to meet or exceed their deliverable targets. These functions also provide excuses for the line groups — HR hasn’t given us our needed manpower.

Only when a company implodes with declining market share versus the competition do the support heads (who are the most virulent critics of the line people’s excesses) get a shot at the top. Aren’t consultants brought in for the firefighting also classifiable as support staff? (We told you so.)

The supporting cast is easily overlooked. Those associated with staff functions (now called enablers) provide advice and menial services to strong leaders taking over a company or country.

Occasionally, the anonymity of the supporters and minions in the background can acquire a sudden burst of fame when they turn against their high-profile bosses as whistleblowers. After all, they can point to where the bodies are buried… or dumped.

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

How PSEi member stocks performed — July 23, 2025

Here’s a quick glance at how PSEi stocks fared on Wednesday, July 23, 2025.


Philippines lands 22nd in 40-country Health Inclusivity Index

The Philippines ranked 22nd out of 40 countries, scoring 62.8 out of 100, in the 2025 Health Inclusivity Index by Economist Impact and Haleon. The index measures equitable healthcare access across societal health, inclusive systems, and community empowerment.

Philippines lands 22nd in 40-country Health Inclusivity Index

Cebu BRT partial launch targeted for September

PHILSTAR FILE PHOTO

THE Department of Transportation (DoTr) said the Cebu Bus Rapid Transit (BRT) system is expected to operate partially by September, with the capacity to serve about 70,000 commuters.

At least three stations of the transit system will be operational by September, Transportation Secretary Vivencio B. Dizon said in a statement on Wednesday.

The three stops are Fuente, Cebu Normal University, and Cebu South Bus Terminal stations, the DoTr said.

It said expedited construction of the mass transit system is underway.

The DoTr said the construction of Cebu Capital station will also begin after partial operations start, adding that its detailed engineering design has been finalized.

The remaining phases of the Cebu BRT, designated 2A and 3A, cover 13 stations and 62 stops. These are due for completion by the end of 2028.

The government broke ground on the first package of the project in 2023. It was initially scheduled for full operations this year but was pushed back to 2028.

Once completed, the Cebu BRT system is expected to serve up to 169,000 passengers per day.

According to the World Bank’s implementation status and research report, the pace of Cebu BRT construction has slowed down, and major civil works packages are yet to be launched.

“Considering the age of the project, it may be more appropriate to restructure the project to address the activities that can be completed within the closing date,” it said. — Ashley Erika O. Jose

GSIS keen to prove ‘integrity’ of investment decision-making

The Government Service Insurance System headquarters in Pasay, Philippines. May 28, 2012. — BW FILE PHOTO

THE Government Service Insurance System (GSIS) hopes to demonstrate the soundness of its investment process in the course of an investigation into its purchase of a stake in Alternergy Holdings Corp., its suspended president said.

“We acknowledge the Office of the Ombudsman’s inquiry into GSIS’s Alternergy investment and are cooperating fully with the investigation. We welcome this opportunity to affirm the integrity of GSIS’s investment decisions and will provide further updates once the process concludes,” according to suspended GSIS President and General Manager Jose Arnulfo A. Veloso.

The Department of Finance has also signaled plans to launch its own investigation into GSIS.

Along with six other officials, Mr. Veloso was placed under preventive suspension without pay for six months by the Office of the Ombudsman in connection with the pension fund’s purchase of preferred Alternergy shares via private placement for P1.45 billion.

Mr. Veloso has said that he is waiting for the Ombudsman to acknowledge the counter-affidavit he has filed.

The Ombudsman said its preliminary findings indicate that the shares, acquired on Nov. 7, 2023, were purchased without the approval of the GSIS board of trustees, or the endorsement of the assets and liabilities and risk oversight committees.

The investigation also found that the perpetual preferred shares were not listed with the Philippine Stock Exchange at the date of the transaction.

Other suspended officials were GSIS Executive Vice-Presidents Michael M. Praxedes and Jason C. Teng, Vice-Presidents Aaron Samuel Chan and Mary Abigail V. Cruz-Francisco, Officer II Jaime Leon K. Warren, and Acting Office IV Alfredo Pablo.

The pension fund on Tuesday appointed Executive Vice-President for Support Services Juliet M. Bautista as its officer in charge. — Aaron Michael C. Sy

Gov’t urged to focus reform effort on power, foreign investor lease laws

A VIEW of residential condominium buildings in Mandaluyong, Metro Manila, Aug. 22, 2016 — REUTERS

BUSINESS GROUPS, including the Joint Foreign Chambers of the Philippines said they support a reform agenda led by amendments to the Electric Power Industry Regulation Act and Foreign Investors’ Long Term Lease Act.

In a statement, the groups said such reforms will accelerate growth and significantly enhance the investment climate.

“While both domestic and global challenges persist, the Philippine economy has continued to demonstrate its underlying strengths and growth capabilities, and we see clear opportunities for sustained economic expansion,” they said in a joint statement. “To harness this potential, bold and decisive policy action is required.”

They also recommended that the government pass reform measures like the Cybersecurity Act, E-Governance Act, Digital Economy Act, Konektadong Pinoy Act, Freedom of Access to Information Act, the National Single Window System, and National Land Use Act.

They also sought priority action on the Artificial Intelligence Act, Blue Economy Act, and Holiday Rationalization Act, as well as amendments to the charters of the Civil Aviation Authority and the Philippine Ports Authority.

They also recommended executive measures that “significantly bolster investor confidence.”

“These include improving the implementation of the Ease of Doing Business Act and Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act and streamlining travel requirements for foreign tourists,” they said.

They also asked for the review and suspension of taxes on non-resident foreign corporations, as well as the review of the Food and Drug Administration’s revised registration fees and the Extended Producers’ Responsibility Act.

“These measures form a unified reform agenda that reflects the business community’s commitment to supporting national development,” they said.

“Collectively, these measures will help attract quality investments, generate meaningful employment, and strengthen the country’s economic foundation for long-term, inclusive growth,” they added.

These recommendations were sent to President Ferdinand R. Marcos, Jr. ahead of his fourth State of the Nation Address.

Among the signatories of the statement were the American Chamber of Commerce of the Philippines, the Canadian Chamber of Commerce of the Philippines, the European Chamber of Commerce of the Philippines, the Japanese Chamber of Commerce and Industry of the Philippines, Inc., and the Korean Chamber of Commerce of the Philippines, Inc.

Other signatories are the Association of International Shipping Lines, Inc., the Confederation of Wearable Exporters of the Philippines, the Financial Executives Institute of the Philippines, the Management Association of the Philippines, the Philippine Association of Multinational Companies Regional Headquarters, Inc., and the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. — Justine Irish D. Tabile

US healthcare group pledges $500-M hospital investment

US HEALTHCARE GROUP Bon Secours Mercy Health (BSMH) has committed to invest up to $500 million to develop a hospital in the Philippines, a presidential adviser said.

“This is a strong vote of confidence in the Philippines and a transformative opportunity for our healthcare and services sectors. We will work closely with BSMH to help turn their plans into reality,” according to Secretary Frederick D. Go, who heads the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).

In a statement issued on Wednesday, Mr. Go said the proposed investment “will generate meaningful jobs and help deliver world-class facilities, advanced medical equipment, and high-quality healthcare.

OSAPIEA said that BSMH is also planning to expand its Global Business Services operation in the Philippines.

“From a current team of about 170, BSMH shared plans to expand its GBS operations in Manila to approximately 1,200 professionals, creating more high-quality jobs,” OSAPIEA said.

“This center will operate alongside BSMH’s US-based teams to enhance the organization’s non-patient-facing capabilities and deliver upon its mission,” it added.

Cincinnati-based BSMH runs a 50-hospital US network. Affiliated with the Catholic church, its precursor organizations date back 150 years. BSMH itself was formed in a 2018 merger.

“As a $13-billion integrated Catholic health delivery system based in the US, we’re proud to expand our global reach and deepen our existing commitment in the Philippines,” Bon Secours Mercy Health President and Chief Executive Officer John M. Starcher, Jr. said.

“After meeting with President Marcos, Jr., we are excited to begin the aggressive exploration of developing state-of-the-art healthcare delivery services,” he added. — Justine Irish D. Tabile

E-gambling ban could drive industry underground — study

PHILIPPINE STAR/EDD GUMBAN

A BAN on online gambling could lead to illicit activity moving underground, out of sight of regulators, research firm The Fourth Wall reported, citing the results of a study.

The study found that 53% of respondents oppose such a ban, with 75% saying it would not deter unhealthy behavior, leading gamblers to turn to unregistered sites.

“There is an understanding among them that an outright ban won’t stop online gambling, but instead push it underground, increasing risks like scams and addiction through unregulated channels,” John Brylle L. Bae, research director at The Fourth Wall, said in a statement.

“This suggests their call for regulation is rooted in safer options and better consumer protection.”

Stricter regulation was supported by 18% of respondents, who cited age restrictions, including protections for seniors, facial recognition and real-time ID checks.

The Fourth Wall also noted the prevalence of scams linked to online gambling on social media platforms.

“Support for banning unregulated platforms stems from concerns about addiction — particularly among youth and low-income groups — and the wider impact on mental health, families, and finances,” The Fourth Wall said, after finding that the typical online gambler in the Philippines is a low-income, low-stakes casual player.

It profiled such gamblers as staking P5,000 a month, playing a few times a week and breaking even on most occasions.

It also found high levels of trust in digital wallets, with 73% citing the wallets’ robust age and identity verification processes, and 64% saying such platforms help them manage their spending effectively.

GCash (92%) emerged as the most-used e-wallet app, cited by 92% of respondents, followed by Maya (6%). Only 2% use over-the-counter payment outlets.

Most of respondents said they have gambled on cockfights or bet on social media, while only 7% have gambled in physical casinos.

The Fourth Wall noted that resistance to a ban was pronounced among cockfighting bettors, pointing to a “desire for continuity over restriction.”

Earlier this month, President Ferdinand R. Marcos, Jr. said he is open to imposing a tax on e-gambling and reviewing bills and other policies to regulate the practice as long as they are backed by research.

This comes after the central bank, the Department of Finance and legislators lobbied measures back-to-back amid the growing scrutiny on the country’s e-gambling industry.

The study found that 61% consider the Philippine Amusement and Gaming Corp. (PAGCOR) to be performing its duties, though 34% said they lack full understanding of PAGCOR’s mandate.

“This finding points to a need not only for regulation, but for clearer public education and transparent communication from regulators,” The Fourth Wall said.

The study collected input from 1,250 current online gamblers between July 17 to 18 in and around Metro Manila, Metro Cebu, Metro Davao, and other major cities. — Katherine K. Chan

Farm damage tally rises to P323.15 million

PHILIPPINE STAR/CESAR RAMIREZ

DAMAGE to agriculture caused by Tropical Storm Wipha (Philippine designation: Crising) and the southwest monsoon hit P323.15 million, according to the Department of Agriculture (DA).

Rice accounted for 66% of the damage, coming in at P212.60 million, across 14,842 hectares of cropland. Lost production was estimated at 6,703 metric tons, DA spokesman Arnel V. de Mesa said at a briefing.

High-value crops accounted for 26% of the damage, and corn 6.85%, he added.

The DA Disaster Risk Reduction and Management Operations Center said in a separate statement that livestock and poultry accounted for 1.66%, and fisheries 0.01% of the losses.

Mimaropa incurred the most damage at P121 million, of which P65 million was recorded in Occidental Mindoro and P56 million in Palawan, Mr. De Mesa said.

He said Cotabato sustained P58 million in agriculture damage.

In Central Luzon, Tarlac and Nueva Ecija posted P13.6 million and P11.4 million in agricultural losses, respectively.

The government weather service, known as PAGASA, said on Wednesday that it is monitoring two tropical storms that are likely to enhance the southwest monsoon. — Kyle Aristophere T. Atienza

Balisacan says PHL well-placed to leverage AI

ARSENIO M. BALISACAN — PHILIPPINE STAR/KRIZ JOHN ROSALES

THE PHILIPPINES can leverage artificial intelligence (AI) to improve jobs and boost economic growth, the Department of Economy, Planning, and Development said.

“The Philippines is well-positioned to take advantage of fast-evolving technologies — if we adopt a strategic, well-coordinated approach that balances innovation with effective governance and responsible use,” Economy Secretary Arsenio M. Balisacan said in a speech on Wednesday.

“AI is rapidly becoming part of our daily lives. Today, three out of four workers around the world use AI on the job — a trend many of us may recognize firsthand, with 86% of Filipino knowledge workers reporting AI use at work.”

The Philippines climbed nine places to 56th out of 188 countries in the 2024 edition of the Government AI Readiness Index published by Oxford Insights.

The Philippines scored 58.51 out of a possible 100 points, exceeding the global average of 47.59.

Mr. Balisacan said AI has the potential to “boost productivity and drive economic growth in the short term.” However, he noted the long-term impact is “far less certain.”

“Some studies foresee substantial gains, while others point to modest returns and mixed outcomes — highlighting risks such as job displacement, widening inequality, and a decline in incentives for original content creation due to AI.”

With the rapid digital transformation of the Philippines, Mr. Balisacan said there is a need for safeguards and inclusive policies.

The digital economy grew to P2.1 trillion in 2024 from P1.6 trillion in 2018.

To maximize the opportunities from AI, the Mr. Balisacan cited the need to build an AI-ready workforce.

“While AI opens up new opportunities, it also brings the risk of disruption — especially for certain types of jobs. Some roles are more exposed to automation, while others stand to benefit more from AI support.”

“That’s why we must act quickly: reskilling workers in sectors where AI is less of a complement, and expanding opportunities in areas where humans and AI can work hand in hand.”

There is also a need for “strong and resilient digital infrastructure,” he said.

“The internet remains one of the most critical enablers of digital transformation. To unlock the full potential of AI and other technologies, we need to ensure that connectivity reaches every corner of the country — consistently, and at a cost people can afford.”

“But bridging the digital divide isn’t just about access. It’s about keeping the country competitive, ensuring everyone can participate in the digital economy, and opening doors to flexible work that improves people’s quality of life.”

Mr. Balisacan also noted the need for a forward-looking regulatory framework that “enables innovation while ensuring accountability.“

“Moving forward, building an inclusive and resilient AI ecosystem will require a whole-of-society approach.”

“This means tackling long-standing constraints with stronger legal and institutional support, sound governance, and close collaboration across sectors.” — Luisa Maria Jacinta C. Jocson

Livestock industry seen benefiting from lower tariffs on US soy, wheat imports

REUTERS

By Kyle Aristophere T. Atienza, Reporter

THE trade deal with the US will lower the cost of key inputs used in animal feed, to the advantage of the livestock industry, while also boosting food security, according to the Department of Agriculture.

“The zero tariff on US agricultural imports could support the goal of President Ferdinand Marcos, Jr. of achieving a food-secure Philippines by lowering the cost of key inputs — especially for livestock production,” Secretary Francisco Tiu Laurel, Jr. was quoted as saying.

President Ferdinand R. Marcos, Jr.  announced plans to increase imports of soy and wheat from the US in the course of negotiating a one-percentage-point reduction in US tariffs for Philippine products, to a rate of 19%.

The US supplies for 80% of Philippine soybean meal demand.

The US Department of Agriculture has projected that Philippine soybean meal imports growing 3.1% to 3.35 million metric tons (MMT), citing the hog industry’s recovery from African Swine Fever. It also noted increasing demand from the broiler, layer, aquaculture, and pet food segments.

The USDA also projected a decline in Philippine wheat imports of 3% to 7.2 MMT as the animal feed industry turns to corn over wheat.

The Philippines does not produce wheat, importing milling wheat for human consumption and feed wheat for animal feed.

Feed wheat is typically substituted for feed corn when the global price of wheat is more competitive than that of corn.

Mr. Laurel said it is too early to assess how the trade deal will affect Philippine agricultural exports.

“Whether the Philippine agriculture sector will gain or not from this trade deal with the US remains to be seen, especially as many of our competitors are still negotiating better terms,” he said.

US President Donald J. Trump has said Mr. Marcos agreed to allow the entry of some US goods to the Philippines tariff-free, with Philippine negotiators obtaining a 19% tariff rate on exports to the US.

The 19% tariff rate is higher than the 17% rate imposed on the Philippines in early April but less than the 20% rate Mr. Trump assigned two weeks ago.

Among Philippine competitors, Indonesia obtained a 19% rate in its trade agreement with the US, with Vietnamese goods being charged 20%, escalating to 40% for goods transshipped via Vietnam.

Thailand and Cambodia have yet to finalize their own deals. By Aug. 1, their goods will be charged 36% tariffs, unless they agree to their own trade deals in the interim.

Joseph Purugganan of Trade Justice Pilipinas said Philippine exports will have a hard time competing with goods from Vietnam.

“The cost of materials and other inputs is cheaper in Vietnam,” he said via Messenger chat, adding that Vietnam is better integrated into regional supply chains.

“We need to seriously examine the deals made by Vietnam and Indonesia and what tradeoffs and concessions they made to the US,” Mr. Purugganan said.

“The last thing we need is a race to the bottom where we lower our own standards and protection for domestic industries, sacrificing strategic interests for these concessions,” he added.

He noted that the US deal with Indonesia guarantees US access to Indonesia’s critical minerals.

“We’re concerned that a similar concession was made by the Philippines.”

“If the whole plan was to achieve a food-secure Philippines by lowering the cost of inputs through lower or zero tariffs, we should not have waited for the US to demand that we cut out tariffs on their exports to 0%,” Federation of Free Farmers National Manager Raul Q. Montemayor said via Viber.

“We could have just unilaterally set all our tariffs to zero.  But we did not do so because we knew that equally sensitive sectors will be affected, especially our small farmers,” he added.

The farming industry considers food security to also “depend on a robust, competitive and productive local sector, and not simply rely on cheap imports,” Mr. Montemayor said.

Mr. Purugganan said farmers should challenge the deal by demanding full disclosure of the trade concessions.

“What exactly did we give up in this deal — beyond automotive? What sectors or safeguards were quietly traded away?”

“We are calling for a full impact assessment and public consultations. These are crucial to identify which workers and industries will be affected and to develop appropriate responses and safety nets,” Mr. Purugganan said.

Low rates, agriculture seen key to boosting growth, economist says 

BW FILE PHOTO

THE PHILIPPINES must lower interest rates and improve inclusivity in agriculture by raising productivity and incomes, an economist said.

“These two moves will promote higher GDP growth and more than offset the Trump tariffs,” University of Asia and the Pacific Economist Victor A. Abola said.

In a presentation delivered during the university’s 2025 Midyear Business Economics, Mr. Abola said the Philippines is expected to grow 5.5% this year.

His forecast matches the lower bound of the government’s 5.5-6.5% official target.

He called for a sharp reduction in policy rates saying the monetary authorities have room to ease .

“Our central bank has kept  policy rates too high. It reached 6.5%. Now, it’s at 5.25%. I’d like to see it at 2.4%, 3%,” he said.

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has signaled two more rate cuts in 2025, citing inflation’s decline to within the 2-4% target and expectations of slower economic growth.

At its June 19 meeting, the monetary authorities delivered a second straight 25-basis-point cut this year, bringing its policy rate to 5.25%.

Mr. Abola projects inflation to settle at 1.6% this year.

Meanwhile, he said US tariffs could shave between half and a full percentage point off gross domestic product (GDP).

“It gives us only about something like $6 billion in exports. Likely, that may result… in a one percentage point reduction in GDP growth,” he said.

US President Donald J. Trump announced a 19% tariff on Philippine goods, with the Philippines conceding zero tariffs on selected US imports. — Aubrey Rose A. Inosante

ADVERTISEMENT
ADVERTISEMENT