Home Blog Page 1447

Thunder pack counterpunch in Game 2, even series with Pacers

OKLAHOMA CITY — Shai Gilgeous-Alexander scored 34 points to lead the Oklahoma City Thunder to a 123-107 win over the Indiana Pacers in Game 2 of the NBA Finals on Sunday night.

The Thunder evened the series 1-1 heading into Wednesday’s Game 3 in Indianapolis.

Gilgeous-Alexander added eight assists and five rebounds and went 11 of 12 from the free-throw line.

After letting a 15-point fourth-quarter leap slip away in Game 1, Oklahoma City didn’t give the Pacers such an opening this time around.

The Thunder took the lead for good late in the first quarter, and with less than five minutes left in the second quarter stretched their lead to 23 with a 19-2 run — fueled by both their defense and Gilgeous-Alexander’s finishes on the other end.

To that point, Oklahoma City’s defense hadn’t forced many turnovers and it hadn’t taken advantage of the few it had caused.

But during that big run in the second quarter, Gilgeous-Alexander scored seven of Oklahoma City’s last nine points — all off Pacers’ turnovers.

Indiana quickly answered with a 10-0 run for a 52-39 score but never got closer than that 13-point deficit.

After scoring just 11 points on 25 Pacers turnovers in Game 1, the Thunder scored 14 off 15 Indiana turnovers in Game 2.

While Gilgeous-Alexander still led the way, the Thunder also showcased their offensive depth more.

In Game 1, Jalen WIlliams and Chet Holmgren combined to go just 8 of 28 from the floor, with Holmgren going just 2-for-9 with six points.

Holmgren looked much more settled early on in Game 2, hitting five consecutive shots after missing his first of the game.

While Williams wasn’t overly efficient, scoring 19 points on 5-of-14 shooting, he did go 8-for-9 at the free-throw line and added five assists.

Holmgren finished with 15 points while Alex Caruso added 20 and Aaron Wiggins 18 off the bench.

Tyrese Haliburton, who hit the game-winning shot in Game 1, led the Pacers with 17 points — 12 in the fourth quarter.

But by that time, the game was well in hand for Oklahoma City.

Indiana had won the first two games in each of the first three rounds.

Oklahoma City has yet to lose back-to-back games in the playoffs. — Reuters

Alcaraz battles back from the brink to retain French Open crown

PARIS — Carlos Alcaraz battled from the brink of a first Grand Slam final loss to outlast Jannik Sinner in a French Open title clash for the ages on Sunday and keep his crown, cementing his status as the Prince of Clay in Roland Garros’ post-Rafa Nadal era.

In a scintillating showdown between the torch-bearers of a new generation, the 22-year-old saved three match points in the fourth set to win 4-6, 6-7(4), 6-4, 7-6(3), 7-6(10-2), and continue his dominance over Sinner with his fifth straight victory and end the Italian’s 20-match winning run at the majors.

Alcaraz showed his steely determination to win the epic in five hours and 29 minutes — the longest final at Roland Garros — and soaked up the roaring ovation from a thoroughly entertained Parisian crowd long used to 14-times champion Nadal’s reign.

“I’m just really happy to be able to make history with you in this tournament,” Alcaraz told Sinner after collecting the Musketeers’ Cup.

“I’m sure you’re going to be champion not once, but many times. It’s a privilege to share the court with you in every tournament, making history with you.”

Victory made him only the second man since tennis turned professional in 1968 to win all of his first five Grand Slam singles finals after Swiss great Roger Federer but Alcaraz was more enthralled with an achievement he shared with fellow Spaniard and 22-times major champion Nadal.

“The coincidence of winning my fifth Grand Slam at the same age as Nadal, that’s destiny,” Alcaraz told reporters.

“It’s a stat I’m going to keep forever… It’s a huge honour. Hopefully it’s not going to stop like this.”

Alcaraz and Sinner, who have lifted seven out of the last eight Grand Slams to stamp their authority in the men’s game, were locked in a fierce battle full of dramatic momentum shifts in the first major final between two men born in the 2000s.

Sunday’s five-hour-plus fiesta was the second-longest Grand Slam final in the Open Era and marked only the third time since 1968 that a player saved a match point en route to victory in a Grand Slam final.

Alcaraz matched Argentine Gaston Gaudio’s 2004 French Open feat and Serbian Novak Djokovic’s Wimbledon comeback in 2019.

Playing his first Grand Slam after serving a three-month ban after a doping case, top seed Sinner held serve in a tense five-deuce opening game lasting 12 minutes.

However, the 23-year-old was broken in the fifth game when he fired a forehand wide, before hitting back from 2-3 and going on to snatch an intense opening set following an unforced error by Alcaraz.

ON THE ROPES
Relentless pressure from the baseline allowed Sinner to go a break up early in the second set and the top seed began to apply the squeeze on Alcaraz, who was on the ropes trailing 1-4 on a sunbathed Court Philippe Chatrier.

An aggressive Alcaraz came out fighting and drew loud cheers when he drew level after 10 games and then forced a tiebreak but Sinner edged ahead with a blistering forehand winner and doubled his lead after the clock ticked past two hours.

Alcaraz, who had never come back from two sets down before, battled hard in the hope of avoiding heartbreak in a major final and pulled a set back before saving three match points at 3-5 down in the fourth, later restoring parity following the tiebreak.

He traded breaks in a high-quality decider but prevailed in the super tiebreak to become the third man to capture back-to-back Roland Garros titles this century after Nadal and Gustavo Kuerten.

“He was born to play these kind of moments,” said Alcaraz’s coach Juan Carlos Ferrero.

“Every time we were in these situations, even when he was younger in the challengers… he always went for it.”

Sinner was left to digest how he let slip a golden chance to win claycourt’s blue riband event following hardcourt triumphs at the US Open and Australian Open.

Alcaraz fell to the red dirt before Sinner went over to his side of the court to congratulate him and the Spaniard then ran to the heaving stands to hug his team and celebrate.

“CARLOS II, PRINCE OF CLAY,” the French Open posted on X. — Reuters

Portugal wins Nations League title with shootout triumph over Spain

MUNICH, Germany — Portugal captain Cristiano Ronaldo was in tears as he led his country to their second Nations League title by beating holders Spain 5-3 on penalties following a thrilling 2-2 draw after extra time in Sunday’s showpiece match.

Ronaldo’s 138th international goal took the final to a shootout, with Alvaro Morata’s miss proving costly for Spain as Ruben Neves struck the winning spot kick to spark wild scenes of celebration, emotion overwhelming the veteran captain.

“Winning for Portugal is always special,” Ronaldo told Sport TV. “I have many titles with clubs, but nothing is better than winning for Portugal.”

“It’s tears. It’s duty done and a lot of joy.”

Spain’s exhilarating 5-4 victory over France in Thursday’s semifinal ensured Luis de la Fuente’s side had continued an unbeaten run that stretched back to March 2023 coming into Sunday’s showpiece final in Munich.

They appeared on course for yet another trophy, on the back last year’s European Championship triumph, as Martin Zubimendi tapped home his second international goal in the 21st minute.

The holders’ lead did not last long, however, as flying Portugal full-back Nuno Mendes slotted home the equalizer after good work from Ronaldo in the build up.

A sublime pass from midfielder Pedri helped Mikel Oyarzabal, who netted the winner against England in last year’s European Championship final, restore Spain’s lead before the break.

The tussle between the Iberian neighbors was billed as a clash between old and new — 40-year-old and five-times Ballon d’Or winner Ronaldo and Spain’s teenage sensation Lamine Yamal.

While Yamal, among the favorites to take home one of the most prestigious individual awards this year, struggled to make inroads, Ronaldo pounced on his chance, firing Portugal level from close range just past the hour mark.

Ronaldo went off injured late on and neither side could find a winner in extra time, with the game going to a shootout and Portugal netting all five of their penalties to claim the trophy.

“Details do make the difference, and that was a game which I think was super balanced but when we were coming to the end of the extra time I thought we were doing enough to avoid going to penalties,” Spain coach De La Fuente said.

“Sadly, that’s what decided the match and they, on the night, were just slightly better and more effective in the shootout.” — Reuters

Hoey shoots two-over 72 to finish joint 36th in Canadian Open

FIL-AM ace Rico Hoey faltered in the final round, submitting a two-over 72 to finish joint 36th in the RBC Canadian Open on Sunday in Ontario.

Only three off the pace after a sizzling 64 on moving day, Hoey lost steam and logged a frustrating 34-38 closing card to bow out of contention.

Starting the day at ninth, the 29-year-old dropped 27 spots in the final leaderboard with his four-day output of 271. Still, it was a productive stint as Hoey earned $44,660 (around $2.5 million) with this finish.

Hoey actually had a promising start in Round 4, birdying the opening hole and knocking down another on No. 10.

But it went downhill from there. The Filipino parbuster missed the 13th green and failed to save par from eight feet, then fumbled with a triple bogey 7 on No. 16 and dropped a shot on the next.  He salvaged a birdie on the final hole.

New Zealand’s Ryan Fox reigned supreme after beating the USA’s Sam Burns in the fourth playoff hole. Fox fired a closing 66 to draw level at 262 with Burns, who had a brilliant 62 for the day.

The duo matched pars on the par-5 18th three times in the sudden death before Fox sank a seven-foot birdie putt on the fourth trip against Burns’ par to settle the dispute. — Olmin Leyba

Carlos Yulo joins some Philippine team members for a training camp in Japan

CARLOS YULO, fresh from his strong Asian Championships performance in Jecheon, South Korea, will join some members of the Philippine team for a training camp in Japan as part of its preparation for the World Championships set Oct. 19 to 25 in Jakarta, Indonesia.

The Paris Olympics double-gold winner raked in a gold and three bronzes in Jecheon, which Gymnastics Association of the Philippines president Cynthia Carrion Norton considered a mean feat since the former had a busy schedule.

“Carlos, in spite of all his activities in Manila due to being a double-gold medalist, was happy to compete in the Asian Championships to learn more about his skills and new code of points,” said Carrion Norton.

“I was so proud of them and how they represented the Philippines,” she added.

Ms. Carrion was also impressed by John Ivan Cruz, whose first vault of 14.633 in the finals was the second best behind the 14.666 of eventual gold winner Mahdi Olfati of Iran.

Mr. Cruz ended up seventh in the apparatus after his second vault of 13.666 sent him out of the medal race.

“Even Carlos got inspired by Ivan,” she said.

Carrion Norton said Messrs. Yulo, Cruz, Miguel Besana and Ace de Leon would then go to Japan for a training camp.

Same with Mr. Yulo’s younger brother, Karl Eldrew, who will also fly to Japan to train under Munehiro Kugimiya, who was the former’s long-time ex-mentor. — Joey Villar

California governor calls on Trump to withdraw troops

MEMBERS of the California National Guard stand guard outside the Edward R. Roybal federal building, after their deployment by US President Donald J. Trump, in response to protests in Los Angeles, California, June 8, 2025. — REUTERS/MIKE BLAKE

LOS ANGELES — California National Guard troops were deployed to the streets of Los Angeles on Sunday to help quell a third day of protests over President Donald J. Trump’s immigration enforcement, a step the state’s Democratic governor, Gavin Newsom, called unlawful.

Police were making more arrests after at least 10 on Sunday and 29 the previous night, Los Angeles police officers told a news briefing.

National Guard troops guarded federal government buildings, as police and protesters clashed in separate demonstrations over federal immigration raids in Los Angeles.

Los Angeles police declared several rallies to be “unlawful assemblies,” accusing some protesters of throwing concrete projectiles, bottles and other items at police.

Video images showed several self-driving cars from Alphabet’s Waymo were set ablaze on a downtown street on Sunday evening.

Los Angeles police officers on horseback attempted to control the crowds.

Demonstrators shouted “Shame on you!” at police and some appeared to throw objects, video images showed. One group blocked the 101 Freeway, a major downtown thoroughfare.

Groups of protesters, many carrying Mexican flags and signs denouncing US immigration authorities, gathered in spots around the city.

The Los Angeles branch of the Party for Socialism and Liberation organized speakers outside City Hall for an afternoon rally.

California Governor Gavin Newsom said he requested the Trump administration to withdraw its order to deploy 2,000 National Guard troops in Los Angeles county, calling it unlawful.

In an interview with MSNBC, Mr. Newsom said he planned to sue the administration over the deployment, adding that Mr. Trump “has created the conditions” around the protests.

Mr. Newsom accused Mr. Trump of trying to manufacture a crisis and violating California’s state sovereignty. “These are the acts of a dictator, not a president,” he wrote in a post on X.

However, Police Chief Jim McDonnell told a media briefing on Sunday night that the protests were getting out of control.

Asked if the National Guard was needed, Mr. McDonnell said police would not “go to that right away,” but added, “Looking at the violence tonight, I think we’ve got to make a reassessment.”

In a social media post, Mr. Trump called on Mr. McDonnell to do so.

“He should, right now!!!” Mr. Trump added. “Don’t let these thugs get away with this. Make America great again!!!”

The White House disputed Mr. Newsom’s characterization, saying in a statement, “Everyone saw the chaos, violence and lawlessness.”

Earlier, about a dozen National Guard, along with Department of Homeland Security personnel, pushed back a group of demonstrators outside a federal building in downtown Los Angeles, video showed.

US Northern Command said 300 members of the California National Guard had been deployed to three spots in the Los Angeles area. Their mission was limited to protecting federal personnel and property.

In a social media post on Sunday, Mr. Trump called the demonstrators “violent, insurrectionist mobs” and said he was directing his cabinet officers “to take all such action necessary” to stop what he called “riots.”

Speaking to reporters in New Jersey, he threatened violence against demonstrators who spit on police or National Guard troops, saying, “They spit, we hit.”

He did not cite any specific incidents.

“If we see danger to our country and to our citizens, it will be very, very strong in terms of law and order,” Mr. Trump said.

The Federal Bureau of Investigation offered a $50,000-reward for information on a suspect accused of throwing rocks at police vehicles in Paramount, injuring a federal officer.

Despite Mr. Trump’s rhetoric about the demonstrations, he has not invoked the Insurrection Act, an 1807 law that empowers a president to deploy the US military to suppress events like civil disorder.

Asked on Sunday whether he was considering doing so, he said, “It depends on whether or not there’s an insurrection.”

‘HIGH ALERT’
Defense Secretary Pete Hegseth has warned that the Pentagon was prepared to mobilize active-duty troops “if violence continues” in Los Angeles, saying the Marines at nearby Camp Pendleton were on “high alert.”

US Northern Command said about 500 Marines were prepared to deploy if ordered.

Los Angeles Mayor Karen Bass blamed the Trump administration for inciting tension by sending in the National Guard, but also condemned protesters who became violent.

“I don’t want people to fall into the chaos that I believe is being created by the administration completely unnecessarily,” Ms. Bass told a press conference.

Vanessa Cárdenas, the head of the immigration advocacy group America’s Voice, accused the Trump administration of “trumping up an excuse to abuse power, and deliberately stoke and force confrontations around immigration.”

On Sunday, Homeland Security Secretary Kristi Noem told CBS’ “Face the Nation” that the National Guard would provide safety around buildings to people engaged in peaceful protest and to law enforcement.

Mr. Trump has pledged to deport record numbers of people in the country illegally and lock down the US-Mexico border, setting the Immigration and Customs Enforcement (ICE) a goal of arresting at least 3,000 migrants a day.

Census data suggests a significant part of the population in Democratic-run Los Angeles is Hispanic and foreign-born.

But the sweeping enforcement measures have also included legally residents, some with permanent residence, spurring legal challenges.

On Sunday, Mexican President Claudia Sheinbaum criticized the US government over the immigration raids and National guard deployment.

“We do not agree with this way of addressing the immigration issue,” Ms. Sheinbaum, who has sought to cultivate a positive relationship with Mr. Trump, said at a public event.

“The phenomenon will not be addressed with raids or violence. It will be by sitting down and working on comprehensive reform.”

TRUMP’S JUSTIFICATION
Mr. Trump’s justification for the National Guard deployment cited a provision of Title 10 of the US Code on the Armed Forces. However, Title 10 also says the “orders for these purposes shall be issued through the governors of the States.”

It was not immediately clear if the president had the legal authority to deploy the National Guard without Mr. Newsom’s order.

Title 10 allows for National Guard deployment by the federal government if there is “a rebellion or danger of a rebellion against the authority of the government of the United States.”

Those troops are only allowed to engage in limited activities and cannot undertake ordinary law enforcement activities.

Mr. Trump’s memo says the troops will “temporarily protect ICE and other United States government personnel who are performing federal functions, including the enforcement of federal law, and to protect federal property, at locations where protests against these functions are occurring, or are likely to occur.” — Reuters

China’s export growth slows as tariffs take toll

A drone view shows shipping containers from China at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. — REUTERS

BEIJING — China’s export growth slowed to a three-month low in May as US tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world’s second-largest economy on both the domestic and external fronts.

US President Donald J. Trump’s global trade war and the swings in Sino-US trade ties have in the past two months sent Chinese exporters, along with their business partners across the Pacific, on a roller coaster ride and hobbled world growth.

Underscoring the US tariff impact on shipments, customs data showed that China’s exports to the US plunged 34.5% year-on-year in May in value terms, the sharpest drop since February 2020, when the outbreak of the COVID-19 pandemic upended global trade.

Total exports from the Asian economic giant expanded 4.8% year-on-year in value terms in May, slowing from the 8.1% jump in April and missing the 5.0% growth expected in a Reuters poll, customs data showed on Monday, despite a lowering of US tariffs on Chinese goods which had taken effect in early April.

Imports dropped 3.4% year-on-year, deepening sharply from the 0.2% decline in April and worse than the 0.9% downturn expected in the Reuters poll.

Exports had surged 12.4% year-on-year and 8.1% in March and April, respectively, as factories rushed shipments to the US and other overseas manufacturers to avoid Mr. Trump’s hefty levies on China and the rest of the world.

While exporters in China found some respite in May as Beijing and Washington agreed to suspend most of their levies for 90 days, tensions between the world’s two largest economies remain high and negotiations are underway over issues ranging from China’s rare earths controls to Taiwan.

Trade representatives from China and the US are meeting in London on Monday to resume talks after a phone call between their top leaders on Thursday.

“Export growth was likely stalled by heavy customs inspections in May due to tightened export control efforts,” said Xu Tianchen, senior economist at the Economist Intelligence Unit, noting that rare-earth exports nearly halved last month, while electric machinery exports also slowed significantly.

China’s imports from the US also lost further ground, dropping 18.1% from a 13.8% slide in April.

Zichun Huang, economist at Capital Economics, expects the slowdown in exports growth to “partially reverse this month, as it reflects the drop in US orders before the trade truce,” but cautions that shipments will be knocked again by year-end due to elevated tariff levels.

China’s May trade surplus came in at $103.22 billion, up from the $96.18 billion the previous month.

Other data, also released on Monday, showed China’s import of crude oil, coal, and iron ore dropped last month, underlining the fragility of domestic demand at a time of rising external headwinds.

Beijing in May rolled out a series of monetary stimulus measures, including cuts to benchmark lending rates and a 500 billion yuan low-cost loan program for supporting elderly care and services consumption.

The measures are aimed at cushioning the trade war’s blow to an economy that relied on exports in its recovery from the pandemic shocks and a protracted property market slump.

DEFLATIONARY PRESSURES
Producer and consumer price data, released by the National Bureau of Statistics on the same day, showed that deflationary pressures worsened last month.

The producer price index fell 3.3% in May from a year earlier, after a 2.7% decline in April and marked the deepest contraction in 22 months, while consumer prices extended declines, having dipped 0.1% last month from a year earlier.

Cooling factory activity also highlights the impact of US tariffs on the world’s largest manufacturing hub, dampening faster services growth as suspense lingers over the outcome of US-China trade talks.

Sluggish domestic demand and weak prices have weighed on China’s economy, which has struggled to mount a robust post-pandemic recovery and has relied on exports to underpin growth.

Retail sales growth slowed last month as spending continued to lag amid job insecurity and stagnant new home prices.

The core inflation measure, excluding volatile food and fuel prices, registered a 0.6% year-on-year rise, slightly faster than a 0.5% increase in April.

However, Capital Economics’ Huang said the improvement in core prices looks “fragile,” adding “we still think persistent overcapacity will keep China in deflation both this year and next.”Reuters

Pope Leo criticizes nationalist politics at Sunday Mass

Pope Leo XIV | Screenshot from Vatican Media Livestream

VATICAN CITY  Pope Leo XIV criticized the emergence of nationalist political movements on Sunday, calling them unfortunate, without naming a specific country or national leader.

Leo, the first pope from the US, asked during a Mass with a crowd of tens of thousands in St. Peter’s Square that God would “open borders, break down walls (and) dispel hatred.”

“There is no room for prejudice, for ‘security’ zones separating us from our neighbors, for the exclusionary mindset that, unfortunately, we now see emerging also in political nationalisms,” said the pontiff.

Leo, the former Cardinal Robert Prevost, was elected on May 8 to succeed the late Pope Francis as leader of the 1.4-billion-member Church.

Before becoming pontiff, Prevost was not shy about criticizing US President Donald J. Trump, sharing numerous disapproving posts about Mr. Trump and Vice-President JD Vance on X in recent years.

The Vatican has not confirmed the new pope’s ownership of the X account, which had the handle @drprevost, and was deactivated after Leo’s election.

Francis, pope for 12 years, was a sharp critic of Mr. Trump. The late pope said in January that the president’s plan to deport millions of migrants in the US during his second term was a “disgrace.”

Earlier, Francis said Mr. Trump was “not Christian” because of his views on immigration.

“A person who thinks only about building walls, wherever they may be, and not building bridges, is not Christian,” Francis said when asked about Mr. Trump in 2016.

Leo was celebrating a Mass for Pentecost, one of the Church’s most important holidays. — Reuters

Starbucks to lower prices in China as competition heats up

STOCK PHOTO | Image by H&CO from Unsplash

BEIJING — Starbucks China will lower the prices of some of its iced drinks by an average of 5 yuan ($0.70) across the country, the company announced on Monday, as competition intensifies and consumers become more cautious about spending.

In a post on its Weixin social media account, the US coffee chain said it would offer more “accessible” prices on dozens of its drinks, including non-coffee drinks and the Frappuccino, from Tuesday.

While China is Starbucks’ second-largest market after the US, the coffee market is highly competitive and consumers have become more cautious about spending because of the slowing economy and concerns about job security.

The new approach means some of Starbucks’ drinks will be priced as low as 23 yuan, the post said.

Domestic rivals such as Luckin Coffee and Cotti have priced their drinks as low as 9.9 or even 8.8 yuan, while deep-pocketed internet companies JD.com and Alibaba Group have entered the food delivery market, adding to the competition. With offers and vouchers, Chinese coffee consumers can buy themselves a drink for as little as 2.9 yuan.

A person close to Starbucks, said the company was not reducing prices in response to intense price competition, but looking to attract more customers in the afternoon.

The individual requested anonymity as they were not in a role that allowed them to comment to the media.

“Starbucks likely has a longer-term strategy, which is to focus on the demand for non-coffee items in the afternoon among consumers,” the source said.

Starbucks had said previously that it would not engage in a price war. However, it has also introduced smaller-sized drinks and issued coupons which have lowered prices for customers. — Reuters

Groundwork for growth: Villar Land’s strategic landbank play 

BW FILE PHOTO

As the Chinese proverb says, “The best time to plant a tree was twenty years ago. The second best time is now.”

That wisdom underpins Villar Land Holding Corp.’s long standing strategy—acquiring overlooked and oftentimes undervalued idle land before demand peaks, staging a mix of phased developments to ensure early profits and recurring revenues, financing growth prudently, and eventually delivering tangible returns for its stakeholders.

Strategic acquisitions

Villar City is a dynamic megacity combining leisure, retail, residential, and commercial spaces for a complete lifestyle.

Through decades of strategic acquisitions, publicly listed Villar Land has built a formidable landbank—its crown jewel being Villar City, a 3,500-hectare estate straddling southern Metro Manila and Cavite. Major infrastructure projects—from the Laguna Expressway and C-5 South Link to the planned LRT and commuter-rail extensions—have turned these once peripheral tracts into tomorrow’s commuter corridors.

Forresta is a nature-inspired residential community offering luxury living amidst verdant landscapes.

Connectivity gains have since fueled brisk pre-selling of residential communities in Villar City, spurred commercial leasing inquiries, and ignited early demand for mixed-use developments. By securing these strategic sites decades ago, Villar Land now enjoys an edge in a growth corridor that has begun benefiting from rising land values, dwindling developable land in the metro, and a steady influx of residents and businesses.

Set in lush surroundings, Forresta Café is the perfect spot for coffee, pastries, and a relaxing atmosphere.

Commercial lots 

The rising prominence of Villar City is aptly reflected in its commercial lot pricing, a reliable barometer of land values.

At present, Villar City’s commercial lots are still competitive, relative to those in the more established nearby districts. For instance, commercial lot prices within Villar City’s Innovation District starts at P345,000 per sqm, below Filinvest City’s prices which range from P396,000 per sqm to P592,000 per sqm. Commercial lot prices in Ayala Land’s Cerca Alabang meanwhile stood at P420,000 per sqm. These comparable rates validates Villar Land’s fair-value revisions, mirroring actual transaction values in the market.

The 18-hole golf course in Villar City, designed by Curley Wagner, will offer a challenging yet scenic layout.

It should be noted that Villar City is still an emerging nexus for economic, lifestyle, cultural, and leisure activities. This leaves room for capital appreciation given the ongoing and upcoming developments that will enhance connectivity, introduce new commercial hubs and lifestyle centers, and attract institutional-grade tenants—transforming underutilized plots into vibrant mixed-use districts and unlocking further upside for early investors.

For instance, infrastructure enhancements—like the Villar Avenue, which serves as the main thoroughfare connecting all districts in Villar City, the Muntinlupa-Cavite Expressway (MCX), and other future developments such as an integrated LRT system and Bus Rapid Transit network—are all poised to improve connectivity and convenience.

Villar Land has also announced, launched, and opened landmark developments since this megalopolis’ official launch in 2023.

Villar City’s U-Town is a future-forward community that will soon be home to the University of the Philippines – Dasmariñas campus.

Among them is the 118-ha mixed-use estate called Forresta and the Forresta Cafe, which opened early 2024. Upcoming developments—such as The Stadium at Villar City, an 18-hole championship golf course designed in partnership with Curley-Wagner Golf Design, and strategic collaborations like the University of the Philippines-Dasmariñas campus—highlight the megacity’s focus on deepening its role as a hub for sports, education, leisure and investment. Activities like fun runs, car-free Sundays and bike trails further reflect Villar City’s push for healthier, more connected communities.

The Stadium at Villar City is a state-of-the-art sports hub that will feature facilities for football, basketball, volleyball, padel, and more.

For both homebuyers and investors, Villar Land clearly offers scale, strategic timing, and proven execution. And with Villar City, it is poised to maximize its landbank to create new prime growth corridors that can fuel progress, and deliver real and durable value.

 


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.

British Columbia Investment buys stake in KKR’s Pinnacle Towers

BCI Headquarters | By Michal Klajban - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=70031328

SINGAPORE – Global investment firm KKR said on Monday that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, from KKR.

KKR said in a statement that it would remain the majority shareholder. It did not disclose the financial details of the transaction, which is expected to be completed by the third quarter of 2025, subject to regulatory approvals.

BCI is a Canadian-based institutional investor with C$250.4 billion ($183.01 billion) in gross assets under management as of March 31, 2024. It manages investments on behalf of the British Columbia pension fund and institutional clients.

“The Philippines represents a compelling market for long-term capital, especially in essential digital infrastructure services,” Lincoln Webb, executive vice president and global head of infrastructure and renewable resources at BCI, said in the statement.

BCI’s infrastructure and renewable resources is a global portfolio with nine active investments in the Asia-Pacific region, including communications tower companies Rakuten Mobile and Altius, the statement said.

Established in 2020, Pinnacle Towers has grown to become the largest independent tower company in the Philippines with around 7,000 towers, it added.

U.S-based KKR first invested in Pinnacle Towers in 2021, according to its website. KKR said in Monday’s statement that it made its investment in Pinnacle Towers from its Asia Infrastructure Funds I and II.

KKR’s Asia Pacific infrastructure platform was established in 2019 and now has about $13 billion in assets under management. – Reuters

Atome secures $75 mln financing from Lending Ark to expand in the Philippines

ATOME.PH

SINGAPORE – Southeast Asian “buy now pay later” provider or fintech firm, Atome, said on Monday that it has secured a $75 million asset-backed financing facility from Lending Ark Asia Secured Private Debt Fund to expand in the Philippines.

Atome is part of Singapore-headquartered Advance Intelligence Group, which is backed by investors including SoftBank Vision Fund 2 and Warburg Pincus.

Lending Ark, advised by CITIC Securities CLSA Capital Partners (HK) Ltd, focuses on secured private credit opportunities in Asia Pacific.

“The Philippines is a key growth market for Atome,” Andy Tan, Atome’s Chief Commercial Officer, said in the statement. “This financing reflects the continued confidence in Atome’s ability to deliver inclusive, risk-managed credit at scale.” – Reuters