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Chris Paul retiring

The announcement finally came. Chris Paul, currently in his 21st season and on a comeback tour with the Clippers, has chosen to call time on a career that literally spanned eras and outlasted entire play styles. He turns 41 before the 2025-26 season ends, but the impending closure is rooted less in age than in acceptance. He’s clearly at peace with his place in the game and the moment to step away from it. And in framing his decision on X (“What a ride… Still so much left… GRATEFUL for this last one!!”), he reminds all and sundry that his impending departure is an inevitable settling of accounts.

To be sure, Paul has earned the right to choose when to make his exit. Across two decades and change, he has become the de facto steward of the point guard lineage he inherited. He has always been more conductor than soloist, using angles, timing, and a tightly wound sense of control to bend possessions to his will. And, if nothing else, the numbers underscore his mastery of sequence management; not for nothing is he second all-time in both assists and steals. He has kept (or, more precisely, commanded) order even as the National Basketball Association stretched, sped up, and transitioned to positionless bravado.

For a time, the balance Paul insisted on felt anachronistic. However, through his stubbornness and, of course, continued success, it became a grounding counterpoint amid the noise. His path across the Hornets, Clippers, Rockets, Thunder, Suns, Warriors, Spurs, and finally back to the Clippers highlights the depth and breadth of his influence. Each stop has asked something different of him, and all he has wanted in return is the opportunity to embrace the Larry O’Brien Trophy. He came close in 2021, but, ironically, the near-miss served to shine a brighter spotlight on his storied career. It has never been built on peaks; it rejoices in stewardship, precision, and the unromantic discipline of choosing the right play even when it wasn’t the glamorous one.

And so the end arrives with muted dignity. Paul closes the book on his time in the pros without a ring, but with a more telling narrative as a result. His deliberate approach to his craft is a veritable blueprint for the modern point guard who champions clarity of purpose through possession-by-possession precision. He has turned the idea that leadership can speak softly and still remain consequential into reality. His ride is about to end; his imprint stays for good.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Western leaders say Ukraine plan needs work, Trump signals scope for changes

REUTERS/THOMAS PETER

JOHANNESBURG/KYIV — Western leaders said on Saturday that a peace plan proposed by the United States can be a basis for talks to end Russia’s war in Ukraine but needs “additional work,” part of Western efforts to eke out a better deal for Kyiv before a Thursday deadline.

Meeting on the sidelines of a Group of 20 (G20) summit in South Africa, European and other Western leaders scrambled to come up with a coordinated response to US President Donald J. Trump’s demand for Ukraine to accept his 28-point plan by Thursday.

Mr. Trump said in brief remarks on Saturday that his proposal was not his final offer, signaling potential room for adjustments as Ukraine and its European allies stressed that the plan could serve as a foundation for negotiations but required changes.

DRAFT MEETS MEASURED CRITICISM
The European and other Western leaders agreed that national security advisers from the E3 — France, Britain and Germany — would meet European Union (EU), US and Ukrainian officials in Geneva on Sunday for further discussions.

US Secretary of State Marco Rubio was en route to Geneva late on Saturday for the talks, a State Department official said. Italy would also send an official, diplomatic sources said.

Washington’s plan, which endorses key Russian demands, was met with measured criticism from many US allies. Leaders sought to balance praise for Mr. Trump’s attempt to end the fighting with recognition that some terms in his proposal are unpalatable for Kyiv.

“The initial draft of the 28-point plan includes important elements that will be essential for a just and lasting peace,” said the leaders of the EU, Germany, France, Britain, Canada, the Netherlands, Spain, Finland, Italy, Japan and Norway.

“We believe therefore that the draft is a basis which will require additional work,” they said in a statement.

Three US senators suggested the plan was delivered by Russia to US officials.

Senator Mike Rounds, a Republican, told reporters at a conference in Halifax, Nova Scotia, that Mr. Rubio had called him and other senators. “He made it very clear to us that we are the recipients of a proposal that was delivered to one of our representatives,” Mr. Rounds said. “It is not our recommendation, it is not our plan.”

But Mr. Rubio later posted on X that US officials authored the proposal. “It is based on input from the Russian side,” Mr. Rubio said. “But it is also based on previous and ongoing input from Ukraine.”

LEADERS ADOPT ‘LION-LIKE SPIRIT’ IN TALKS ABOUT PLAN
“There are many things that cannot simply be an American proposal, which requires broader consultation,” said French President Emmanuel Macron, adding that an agreement had to allow for peace for Ukrainians and “security for all Europeans.”

On Friday, Ukrainian President Volodymyr Zelensky said Kyiv faced a choice of either losing its dignity and freedom or Washington’s backing. He appealed to Ukrainians for unity.

That signal prompted European leaders to rally.

A German government source said they had met in a room in Johannesburg called “lion” and that the leaders had adopted the animal’s “spirit” in talks to seek a better deal for Ukraine.

German Chancellor Friedrich Merz underlined the importance to Europe of supporting Ukraine.

“If Ukraine loses this war and possibly collapses, it will have an impact on European politics as a whole, on the entire European continent. And that is why we are so committed to this issue,” Mr. Merz said on the sidelines of the G20 summit.

“There is currently an opportunity to end this war, but we are still quite a long way from a good outcome for everyone.”

On Saturday, leaders of eight Nordic and Baltic nations said they had spoken with Mr. Zelensky and pledged to keep supplying arms. In a joint statement, Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden said: “Solutions that respect Ukraine’s sovereignty and that will bring Ukraine and Europe greater security and stability have our full support.”

Mr. Zelensky appealed to his country for unity.

“Now, Ukraine can face a very difficult choice — either losing dignity or risk losing a major partner,” he said in a speech to the nation on Friday. “I will fight 24/7 to ensure that at least two points in the plan are not overlooked — the dignity and freedom of Ukrainians.”

On Saturday, he signaled that security guarantees were imperative to “ensure that nowhere in Europe or the world does the principle prevail that crimes against people and humanity, against states and nations, can be rewarded and forgiven.”

On the front line, one Ukrainian soldier, 33-year-old Vitalii Traikalo, questioned why Ukraine should be forced to give up territory after three years of grueling fighting to fend off Russian assaults.

“Are we defending our borders here just to give them away? What’s the point of all this, of all these sacrifices?” He asked while manning an artillery position near the eastern Ukrainian city of Pokrovsk.

TRUMP GIVES UKRAINE A TIGHT DEADLINE
On Friday, Mr. Trump threw down the gauntlet to Ukraine, saying Mr. Zelensky had until Thursday to approve his 28-point plan, which calls on Ukraine to cede territory, accept limits on its military and renounce ambitions to join the North Atlantic Treaty Organization (NATO).

“He’ll have to like it, and if he doesn’t like it, then you know, they should just keep fighting, I guess,” he said. “At some point he’s going to have to accept something he hasn’t accepted.”

Recalling their fractious February meeting with Mr. Zelensky, Mr. Trump added: “You remember right in the Oval Office, not so long ago, I said, ‘You don’t have the cards’.”

In their statement, Western leaders said they were “concerned by the proposed limitations on Ukraine’s armed forces, which would leave Ukraine vulnerable to future attack.”

“We reiterate that the implementation of elements relating to the European Union and relating to NATO would need the consent of EU and NATO members respectively.”

At Sunday’s meeting in Geneva, European nations are keen to suggest changes to Mr. Trump’s plan, which Russian President Vladimir Putin described as the basis of a resolution to the conflict. — Reuters

G20 summit in South Africa adopts declaration despite US boycott, opposition

LEADERS pose for a family photo on the first day of the G20 Leaders’ Summit at the Nasrec Expo Centre in Johannesburg, South Africa, Nov. 22. — REUTERS/YVES HERMAN/POOL

JOHANNESBURG/WASHINGTON — Group of 20 (G20) leaders adopted a declaration addressing the climate crisis and other global challenges on Saturday over US objections, prompting the White House to accuse South Africa of weaponizing its leadership of the group this year.

The declaration, which was drafted without input from the United States, “can’t be renegotiated,” South African President Cyril Ramaphosa’s spokesperson told reporters, reflecting strains between Pretoria and US President Donald J. Trump’s administration, which boycotted the event.

“We had the entire year of working towards this adoption, and the past week has been quite intense,” spokesperson Vincent Magwenya said.

Hours later, the White House said Mr. Ramaphosa was “refusing to facilitate a smooth transition of the G20 presidency” after initially saying he would pass the gavel to ‘an empty chair.’

“This, coupled with South Africa’s push to issue a G20 Leaders Declaration, despite consistent and robust US objections, underscores the fact that they have weaponized their G20 presidency to undermine the G20’s founding principles,” said White House spokeswoman Anna Kelly. Mr. Trump looks forward to “restoring legitimacy” to the group next year, when the US holds the rotating presidency.

Mr. Ramaphosa, host of this weekend’s gathering of Group of 20 leaders in Johannesburg, had earlier said there was “overwhelming consensus” for a summit declaration.

But at the last minute, Argentina, whose far-right President Javier Milei is a close ally of Mr. Trump, quit the negotiations right before the envoys were about to adopt the draft text, South African officials said.

“Argentina, although it cannot endorse the declaration… remains fully committed to the spirit of cooperation that has defined the G20 since its conception,” its foreign minister Pablo Quirno said at the summit. Mr. Ramaphosa noted this, but went ahead with it anyway.

In explanation, Mr. Quirno said Argentina was concerned about how the document referred to geopolitical issues.

“Specifically it addresses the longstanding Middle East conflict in a manner that fails to capture its full complexity,” he said. The document mentions the conflict once, saying members agree to work for a just, comprehensive, and lasting peace in… the Occupied Palestinian Territory.

DECLARATION MENTIONS CLIMATE CHANGE
Envoys from the G20 — which brings together the world’s major economies — drew up a draft leaders’ declaration on Friday without US involvement, four sources familiar with the matter said.

“It is a longstanding G20 tradition to issue only consensus deliverables, and it is shameful that the South African government is now trying to depart from this standard practice,” a senior Trump administration official said on Friday.

The declaration used the kind of language long disliked by the US administration: stressing the seriousness of climate change and the need to better adapt to it, praising ambitious targets to boost renewable energy and noting the punishing levels of debt service suffered by poor countries.

The mention of climate change was a snub to Mr. Trump, who doubts the scientific consensus that global warming is caused by human activities. US officials had indicated they would oppose any reference to it in the declaration.

In opening remarks to the summit, Mr. Ramaphosa said: “We should not allow anything to diminish the value, the stature and the impact of the first African G20 presidency.”

His bold tone was a striking contrast to his subdued decorum during his visit to the White House in May, in which he endured Mr. Trump repeating a false claim that there was a genocide of white farmers in South Africa, brushing aside Mr. Ramaphosa’s efforts to correct his facts.

Mr. Trump said US officials would not attend the summit because of allegations, widely discredited, that the host country’s Black majority government persecutes its white minority.

TRUMP REJECTS SOUTH AFRICA’S G20 AGENDA
The summit came at a time of heightened tensions between world powers over Russia’s war in Ukraine and fraught climate negotiations at the Conference of the Parties (COP30) in Brazil.

“While the G20 diversity sometimes presents challenges, it also underscores the importance of finding common ground,” Japan Cabinet Public Affairs Secretary Maki Kobayashi told Reuters.

Commenting on Argentina’s absence from the final envoy meeting to agree on the text, Mr. Magwenya said: “Argentina (had) been participating quite meaningfully… in all the deliberations,” then never showed up to endorse the declaration on Friday. He added: “We have what we call sufficient consensus.”

The US president had also rejected the host nation’s agenda of promoting solidarity and helping developing nations adapt to weather disasters, transition to clean energy and cut their excessive debt costs.

“This G20 is not about the US,” South African Foreign Minister Ronald Lamola told public broadcaster SABC. “We are all equal members of the G20. What it means is that we need to take a decision. Those of us who are here have decided this is where the world must go.”

But in a sign of the many geopolitical fissures underlying the agreed text, EU Commissioner Ursula von der Leyen warned in a speech about “the weaponization of dependencies” which she said “only creates losers.”

This was an apparent veiled reference to China’s export curbs on rare earths vital for the world’s energy transition, as well as defense and digital technology.

China’s Premier Li Qiang called for unity amongst the G20 during a speech at the summit on Saturday, saying that differences in interests among parties and shortcomings in global cooperation are key obstacles to international unity.

“The G20 should face up to these problems, explore solutions and promote a return to the right track of unity and cooperation,” Mr. Li said in a statement from China’s Foreign Ministry.

The South African presidency on Saturday reiterated its rejection of a US offer to send the US charge d’affaires for the G20 handover.

“The president will not hand over to a junior embassy official the presidency of the G20. It’s a breach of protocol that is not going to be accommodated,” Mr. Magwenya said.

Mr. Lamola later said that South Africa would assign a diplomat of the same rank as a charge d’affaires to hand over the G20 presidency at the Foreign Affairs Department. — Reuters

Britain unveils critical minerals strategy to cut reliance on foreign supply

REUTERS

BRITAIN on Saturday rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035, with targets to source 10% of domestic demand from UK production and 20% from recycling, the government said, as global competition for these essential resources intensifies.

Backed by up to 50 million pounds in new funding, the strategy seeks to ensure no more than 60% of the UK’s supply of any one critical mineral comes from a single country by 2035, according to a statement.

British Prime Minister Keir Starmer said in the statement critical minerals “are the backbone of modern life and our national security,” arguing that boosting domestic production and recycling would help shield the economy and support efforts to lower living costs.

The government said the UK currently produces 6% of its critical mineral needs domestically. Under the plan, it wants to expand domestic extraction and processing, with a particular focus on lithium, nickel, tungsten, and rare earths. It aims to produce at least 50,000 tons of lithium in the UK by 2035.

Britain faces an urgent need for a secure, long-term supply of critical minerals, including copper, lithium and nickel, which are essential for smartphones and electric vehicles and increasingly crucial for building data centers that power artificial intelligence.

British demand for essential materials is climbing sharply, with copper consumption projected to nearly double and lithium demand expected to surge by 1,100% by 2035, Britain’s government said.

The strategy underscores China’s grip on critical mineral supplies, leaving the sector exposed to price swings, geopolitical strains and sudden disruptions. Britain noted China accounts for about 70% of rare earth mining and 90% of refining, a dominance that puts countries such as the UK at risk.

Earlier this year, Britain struck a minerals cooperation deal with Saudi Arabia aimed at bolstering supply chains, opening doors for British firms, and drawing fresh investment into the UK. — Reuters

Timezone to revamp, open more venues by year-end and 2026

The newly re-launched Timezone in Glorietta 4, Makati. — EDG ADRIAN A. EVA

Timezone Philippines is set to renovate and open additional locations nationwide by year-end and in 2026, the company’s top official said on Friday.

“Before the year ends, we still have two more venues to open: one in Venice Grand Canal Mall (in Taguig City), which will be a multi-attraction venue, and another in Ayala Capital Central in Bacolod City,” Raffy Prats Jr., president and general manager of Timezone Philippines, said during the relaunch of its flagship venue in Glorietta 4 in Makati City.

“Next year, we have six more venues lined up, all in multi-attraction formats.”

Of the eight venues set to be launched, five are new locations, Mr. Prats said.

The president also noted that, with Timezone’s multi-attraction format, both new and existing locations will feature more group-friendly attractions. The relaunched space in Glorietta 4, the company’s first branch in Metro Manila which was first opened in 1998, incorporates this format.

The nearly 1,400-square-meter space—expanded from 900 square meters—now houses more than 120 games and attractions, including social bowling, billiards, and larger karaoke rooms that can accommodate up to 12 people.

Patrons can also explore virtual reality games such as VR Hologate and VR Star Ride.

Mr. Prats said the renovation came after the COVID-19 pandemic and to coincide with the ongoing renovation of the mall itself.

“We felt that we needed to bring something special to our guests and give them a new experience,” he said.

The integration is also a strategic move to attract a wider audience.

Meanwhile, Caroline Leong, group chief customer officer of Timezone Group, said the Philippines is one of the fastest-growing and most dynamic markets. Timezone, originally from Australia, operates in at least seven countries, with its leading operations in the Asia-Pacific region, according to its website.

“In the Philippines, something I’ve noticed is that people just love to play together. They like to go with their multi-generational family,” Ms. Leong said during the launch event.

Since its opening in 1998 in Cebu, Timezone Philippines has expanded to 51 full-size venues and over 50 smaller locations nationwide, it said.

In 2026, the company aims for double-digit revenue growth following the recalibration and consolidation it undertook this year, Mr. Prats said. — Edg Adrian A. Eva

G2E Asia’s grand return to the Philippines: Over 100 brands, 50 expert speakers, and 5 networking cocktails this December

G2E Asia @ the Philippines, a special edition of G2E Asia, makes its highly anticipated return to Manila Marriott Hotel this Dec. 10 and 11. Tailored for the Philippine gaming industry, the 2-day event will feature over 100 brands in the exhibition, many of which have no local presence.

Complementing the exhibition is a series of dynamic activities, including dedicated networking events for various industry segments, specialized masterclasses to support professional development, and a 2-day conference addressing the latest developments in the Philippine gaming industry.

Dedicated Networking Events for Slots, Table Games, iGaming, and more

G2E Asia is all about connecting professionals across the industry. Its networking events, tailored for different segments, provide opportunities to engage with industry professionals both locally and globally.

Networking events include:

  • Slots Networking Cocktail – Dec 10 (Wed), 15:00 – 16:00
  • iGaming Networking Cocktail – Dec 10 (Wed), 15:00 – 16:00
  • Table Games Networking Cocktail – Dec 11 (Thu), 15:00 – 16:00
  • IT & Marketing Networking Cocktail – Dec 11 (Thu), 15:00 – 16:00
  • G2E Asia Closing Party (open to all) – Dec 11 (Thu), 16:30 – 17:30

Specialized Masterclasses for iGaming, IT and Marketing Professionals

Recognizing the growing importance of iGaming, IT and marketing in the industry, G2E Asia’s specialized masterclasses help professionals at all levels upskill in these key functions. Each session delivers practical insights on emerging trends while providing opportunities to learn and network with peers. All sessions are held in the exhibition hall and are accessible with an expo-only pass.

Masterclasses include:

  • iGaming Masterclass – Dec 10 (Wed), 14:00 – 15:00
  • IT & Marketing Solutions Masterclass – Dec 11 (Thu), 14:00 – 15:00

Two-day Conference focused on the Philippine Gaming Industry

Opening the conference, G2E Asia is proud to welcome Mr. Alejandro H. Tengco, Chairman and CEO of Philippine Amusement and Gaming Corporation (PAGCOR), as the morning keynote speaker on December 10, followed by Mr. Greg Hawkins, President and Chief Operating Officer, Bloomberry Resorts Corporation / Solaire Resort, for the afternoon keynote. Over two days, the conference will explore the latest trends shaping the Philippine gaming industry, featuring top industry leaders who will share insights, strategies, and emerging opportunities across the sector.

The Wednesday, December 10 conference will take a deep dive into the land-based gaming sector, exploring regulatory adaptations, non-gaming innovations, and more. Speakers including Mr. Evan Spytma, CEO of Casino Plus; Mr. Shaun McCamley, Founder and Chairman of GameWorkz; Mr. Samuel Wilkes, Vice President, F&B Business Development & Strategy of Solaire Resort; Mr. John Lucas, Chief Hospitality Officer of Newport World Resorts; and others.

The Thursday, December 11 conference will spotlight key trends in the online gaming sector, covering business growth, AML best practices, CSR, slots and ETG technology, and more. Speakers include Mr. Ricardo Banaag, President and CEO of DFNN Inc.; Mr. Jeremy B. Luglug, Assistant Vice President, Electronic Gaming Licensing Department of PAGCOR; Ms. Nerie Aquino, Director – Gaming Compliance, Legal & Compliance of Okada Manila; Ms. Vina Claudette Oca, Assistant Vice President, Gaming Licensing & Development Department of PAGCOR; Mr. Alexander Ngo, Director of LexisNexis Risk Solutions; and others.

To learn more about G2E Asia @ the Philippines, visit www.G2EAsiaPhilippines.com.

 


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A strong party system can deter corruption says political analyst

AN ICE CREAM VENDOR passes by a wall covered in campaign posters in Quezon City, May 4. Midterm elections are scheduled for May 12. — PHILIPPINE STAR/MIGUEL DE GUZMAN

The Federation of Economic Freedom (FEF) said that the Philippines will have to amend its constitution to nip corruption in the bud, as the lack of a strong political party system is incentivizing politicians.

“What we need is to change the constitution, establish a strong political party system, and even change the economic model, which is based on Filipino-first and Filipino-only [policies],” said FEF President Calixto V. Chikiamco on the sidelines of the Pilipinas Conference on Friday.

“I am recommending that there be elections for a Constitutional Convention in 2028, (together with) presidential elections, and then they will be given a maximum of two years to come up with a new constitution,” he added.

He said that corruption is not a unique issue in the Philippines, citing events in Vietnam and Malaysia.

“It is just that the magnitude has gone up. But if you want to stop it, we have to change our political and economic system,” he said on the sidelines of the Pilipinas Conference on Friday.

A strong political party system, he said, will help remove the incentives enjoyed by government officials in the current political system.

“We need a strong political party system with state financing of political parties so that an individual politician doesn’t have to steal from the government to be able to campaign,” he added.

The political party system is meant to replace family dynasties, which have been cited among the root causes of corruption.

“We don’t have a strong political party system; our politicians flip parties at the drop of a hat,” he added.

He said that he is not particular with what kind of party system it is, whether it’s a two-party system or a multi-party system.

“But there should be laws against party switching, for turncoatism,” he said.

“Those are some of the things that we can do to change our system because merely putting people in jail will not change the incentives of our politicians to keep on stealing money,” he added.

On the economic side, he said that there is a need to remove all the Filipino-first and Filipino-only policies, as neighbors including Taiwan, Japan, and China have already opened their doors to foreign investors.

“There is nothing wrong with the influx of foreign investors because they would be employing people, especially if they export,” he said.

“How do they protect their local industry? They protect it from the exchange rate because it is more expensive to import stuff if your exchange rate is weak,” he added.

He said the Filipino-first provisions only result in monopolies and oligopolies, thus the need for constitutional change.

At the same time, he said that economic reforms are needed to make local industries more competitive.

“We have to be globally competitive. That means we need to reduce the price of food so that labor costs won’t be so high also,” he added.

He also cited the need to make the constitution simpler to allow room for changes.

“We have one of the longest constitutions in the world, so it is very difficult to make changes when technology and other conditions change,” he added.

Mr. Chikiamco’s statement came amid the government’s probe on alleged corruption in flood control projects starting in August.

In recent revelations, top government officials have also been named as having played a role in the alleged corruption.

BUSINESS GROUPS

However, Philippine Chamber of Commerce and Industry Chair George T. Barcelon said that the government should first address the issue of flood control before moving to constitutional change.

“We are facing this challenge; let’s address this first,” he said. “‘(The) constitution, maybe down the line, we will look at what are the important issues in our constitution that we have to tweak.

He said that amending the constitution requires proper timing.

“We have this concern right now, and in a way it is a very serious situation. Now, if you open up the Pandora’s box on constitutional change at this time, you can’t say who has vested interests,” he said in a mix of English and Filipino.

He said that addressing the issue at hand is important, as the country is currently behind the curve as far as foreign direct investments are concerned.

“We are now on the radar of the people who want to invest. We just don’t have the landing lights for them to really put their money in our country,” he said.

Meanwhile, Makati Business Club Chairman Edgar O. Chua warned about the possible effects of a total rehaul of the constitution.

“While we don’t have a perfect constitution, I think the way to address it is not to change the whole thing, just parts of it,” he said.

“I think it is really how we strengthen the political party system. Because right now, our politics is personality driven,” he added in a mix of English and Filipino.

He said that he is also concerned about who will be changing the constitution.

“I believe that we can operate within the framework of our current [constitution],” he added. — Justine Irish D. Tabile

SMDC’s Good Life Expo 2025 features a performer for every generation

Billed as the country’s biggest lifestyle and property showcase of the year, the SM Development Corp. (SMDC) Good Life Expo 2025 promises an equally memorable spectacle of live performances to go with all the interactive experiences and exclusive real estate deals. The event is open to the public and runs from Nov. 21-23 at the SM Mall of Asia Music Hall.

Headlining the three-day expo are the “Concert King” Martin Nievera, a beloved icon from the 80’s onwards, who opens the festivities on Friday, followed by Baguio-based rock collective and Gen Z favorites DILAW on Saturday. Meanwhile, Sunday’s finale features the renowned alt-rock act, Hale, whose music resonates strongly with Millennials.

The curated lineup of main acts reflects how SMDC caters to various profiles and preferences. This year, the award-winning developer introduced its groundbreaking brand refresh that sharpened its portfolio into three segments, SMDC Heights for urban achievers, SMDC Nature for suburban nesters, and SMDC Symphony Homes for life upgraders. Each category offers a distinct way of living, designed to meet different lifestyles and life stages as communities that evolve with people and deliver value that lasts across generations.

The SMDC Good Life Expo 2025 serves as the perfect venue to learn more about the new segments. Homebuyers, investors, and lifestyle enthusiasts can explore immersive lifestyle zones that feature the three categories and reflect the brand’s commitment to creating accessible, sustainable, and life-centered communities. The SMDC Heights lifestyle zone also features the exciting VR Sky Living experience, reflecting the refinement of city dwellers, while the SMDC Nature area has an Eco-Play Zone, showing the loose and relaxed vibe of those who want to live in more serene settings. Lastly, the SMDC Symphony Homes lifestyle zone presents the Good Life Family Fun Stop with a claw machine and Tic-Tac-Throw game, highlighting the bond and energy of families who want a house and a lot more.

Participating in an activity from one of the lifestyle zones earns a stamp on the “Good Life Expo Passport,” and collecting all three stamps wins amazing prizes. Aside from the fun activities, guests can also enjoy exclusive property deals, on-the-spot home-loan pre-qualification from BDO and Chinabank, and curated home-styling packages from SMDC’s home-furnishing partners, Our Home, SM Home, and IKEA. SMDC’s other partners for the Good Life Expo 2025 include Pag-IBIG Fund and Candid Coffee.

There are exciting augmented reality setups as well that allow guests to visualize their future homes, strike a pose at glam bots and themed photo areas, and join games to win prizes that include limited-edition Good Life Expo merchandise and SM Gift Certificates. Visitors can also indulge in complimentary premium coffee, fresh wellness juices, or ice cream throughout the weekend.

Aside from the expo’s headliners, there will be other guest performers and musical acts throughout the three-day event, including Solace Out the Door, David La Sol, YDen, and more.

For updates and registration, visit www.smdc.com or follow @TheOfficialSMDC on social media.

 


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Alleged AI chip smuggling to China leads to US calls for chip tracking

REUTERS

THEE US Justice Department has charged four people in a scheme to illegally export Nvidia AI chips to China, prompting a key House Republican to call for urgent passage of a chip-tracking bill on Thursday.

“China recognizes the superiority of American AI innovation and will do whatever it must to catch up,” said John Moolenaar, the chair of the US House Select Committee on China. “That’s why the bipartisan Chip Security Act is urgently needed.”

The legislation, which Mr. Moolenaar introduced in May and has 30 cosponsors, would require location verification for chips, make it mandatory for chipmakers to report and share information about potential diversion, and look at additional ways to stop US chips from ending up in the wrong hands.

The case highlights the challenges Washington faces in enforcing its sweeping restrictions on high-tech exports to China, which are designed to hobble Beijing’s military development and keep the US ahead on technology. China has criticized US export curbs as part of a campaign to weaponize economic and trade issues.

The indictment, which the US Department of Justice announced on Thursday, charges two US citizens and two Chinese nationals with conspiring to export Nvidia GPUs to China without required licenses. The defendants allegedly created fake contracts and provided false documentation to ship the chips to third countries, knowing they were destined for China.

They then exported 400 Nvidia A100 GPUs to China through Malaysia between October 2024 and January 2025, according to the indictment. Law enforcement stopped attempts to export 10 Hewlett-Packard supercomputers with Nvidia H100 GPUs and 50 separate Nvidia H200 GPUs through Thailand, the US Department of Justice said.

In the Florida case, the conspiracy included the use of a Tampa company as a front to purchase and export chips, and nearly $4 million in wire transfers from China to fund the scheme, the Justice Department said.

A lawyer for one defendant declined to comment and a lawyer for a second defendant did not immediately respond to a request for comment. The other defendants could not immediately be reached. — Reuters

EU trade chief eyes investment in Australian resources projects

STOCK PHOTO | Image by Rebecca Lintz from Pixabay

MELBOURNE — EU Trade Commissioner Maros Sefcovic said on Friday he had discussed with Australia’s Resources Minister Madeleine King how best to invest in Australian resources projects, through equity stakes, long-term off-take agreements or joint investments.

Mr. Sefocvic spoke with Ms. King on Thursday as part of a trade delegation to Australia, as the two countries seek to hammer out a free trade agreement that may include supply of critical minerals.

“We did the first such selection of the projects where we would declare our official interest. I mean, that list should be published very, very soon,” he said.

The EU was learning from Japan’s handling of its supply security of critical minerals, by strategically investing in mines and processing plants, he said.

“And we want to go in that direction as well.”

“We in Europe, we paid so much for dependencies over the last years. It started with Russian oil and gas. We know how much we overpaid when we had to diversify very quickly. We see how we are squeezed now on chips and some critical raw materials.”

In terms of an agreement between Australia and the EU, there was “more momentum,” Mr. Sefcovic told reporters in Melbourne, adding he expected another round of talks early next year.

A previous attempt to reach a trade deal failed in 2023, with Canberra wanting more ability to sell farm goods in Europe. The EU is seeking greater access to Australian critical minerals and lower tariffs on manufactured goods. — Reuters

 

 

Money laundering networks lead from Britain to Russia, UK says

STOCK PHOTO | Image by PublicDomainPictures from Pixabay

LONDON — A billion-dollar money laundering network that operated across Britain bought a controlling stake in a Kyrgyzstani bank to facilitate sanctions evasion and support Russia’s war in Ukraine, Britain’s National Crime Agency said on Friday.

In an update to an international investigation into Russian money laundering networks, dubbed “Operation Destabilize”, the NCA said it was highlighting the scale of networks it was disrupting that convert cash from street crime into cryptocurrency and tie the local drugs trade to organized and state-sponsored crime.

The NCA and the US Treasury Department last December cast a spotlight on TGR and Smart, two networks they said were used by rich Russians to evade sanctions and which London said laundered cash for drug traffickers, criminals and spies in a “cash-for-crypto” swap.

PHASE TWO OF OPERATION DESTABILIZE
In a global crackdown, the NCA and its enforcement partners in countries such as the US, France, Spain and Ireland have arrested 128 to date. More than 25 million pounds ($33 million) has been seized in cash and cryptocurrency in Britain alone to date, the NCA said.

The US Treasury said last December it had imposed sanctions on members of the groups, which it said helped elite Russians use cryptocurrency to evade sanctions imposed after the February 2022 invasion of Ukraine.

The NCA said TGR was linked to the purchase of a majority stake in Keremet Bank, a Kyrgyzstani lender sanctioned by the United States. The US Treasury said in January that the sale by the Kyrgyzstani finance ministry was intended to “create a sanctions evasion hub” for Russian trade payments.

Keremet Bank has said it would challenge the decision.

The NCA said the stake in Keremet Bank, which it believes facilitated cross-border payments that supported companies involved in Russian sectors such as defense, aerospace and technology, was held by a company linked to George Rossi.

US.and British authorities believe Mr. Rossi, a Ukrainian national who has been sanctioned by the US, heads TGR.

Reuters was unable to contact Rossi.

“Today we can reveal the sheer scale at which these networks operate and draw a line between crimes in our communities, sophisticated organized criminals and state sponsored activity,” said Sal Melki, NCA’s deputy director for economic crime. ($1 = 0.7639 pounds). — Reuters

Marcos: Ombudsman to probe Zaldy Co, Romualdez over flood control mess

PHILIPPINE STAR/KRIZ JOHN ROSALES

President Ferdinand R. Marcos, Jr. said on Friday that the Ombudsman will probe all of the evidence gathered by the Department of Public Works and Highways (DPWH) and the Independent Commission for Infrastructure (ICI), which may warrant criminal charges against former Speaker Ferdinand Martin G. Romualdez and former Ako Bicol party-list Representative Elizaldy S. Co.

“I want to inform our fellow citizens that all the information gathered by the ICI and the DPWH will be referred and turned over to the Ombudsman so the Ombudsman can investigate it,” he said in Filipino on a Facebook post.

“This concerns information about former Speaker Martin Romualdez and Zaldy Co. When all the evidence is seen and verified, we may file a case for plunder or anti-graft or indirect bribery,” he added.

Mr. Marcos noted that he is confident that the Ombudsman will base its investigation on the findings from the agencies. “Wherever the evidence leads us, that is where our investigation will go.”

In a joint referral report, the DPWH and ICI recommended filing charges of plunder, graft, and bribery against Mr. Romualdez and Mr. Co for their alleged involvement in anomalous flood control projects.

According to DPWH Secretary Vince B. Dizon, the joint report includes contracts of Sunwest Inc. and Hi-Tone Construction from 2016 to 2025, along with the sworn testimonies of retired Sgt. Orly Guteza, who identified himself as Mr. Co’s ex-security aide, during one of the hearings of the Senate Blue Ribbon Committee.

“The recommended action contained in the second to the last page, Letter A – violation of Republic Act 7080 or an Act Defining and Penalizing the Crime of Plunder; Letter B – violations of Section 3A, B, and E, and H of Republic Act 3019 or the Anti-Graft and Corrupt Practices Act. And finally, violation of Article 210 of the Revised Penal Code on direct bribery,” he said in a press conference.

Mr. Romualdez, in a report by DZBB Super Radyo, said that he is prepared to face any investigations and charges that will be filed against him.

He earlier denied allegations of kickbacks in flood control projects as alleged by the contractor husband and wife, Cezarah Rowena “Sarah” Discaya and Pacifico “Curlee” Discaya II, during a Senate hearing in September.

Meanwhile, Mr. Co, in a video statement on November 17, said that he is only a “poster boy”, accusing Mr. Marcos, Mr. Romualdez, and other Cabinet members of “insertions” worth P100 billion in the national budget.

“They made me a poster boy for their lies. Now, I will not be silent, I will reveal the truth,” he said in Filipino. “There’s a receipt, evidence, and names.” — Almira Louse S. Martinez