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A high-stakes sector: Momentum and continuity in education

PHILIPPINE STAR/NOEL PABALATE

We perfectly appreciate the rationale for President Ferdinand “Bongbong” Marcos, Jr.’s call for his Cabinet secretaries and other officials to hand in their courtesy resignations after the midterm elections last May 12.

It is, after all, the President’s prerogative to choose who will be his alter ego. These are positions of confidence, and those occupying these key posts are presumed to enjoy the full trust and confidence of the appointing power, not only for their credentials and expertise, but their actual experience on the job.

Thus far, President Marcos Jr. has retained several key officials and replaced or transferred some. These are critical decisions that will affect the next three years of his term, and even beyond that if we are talking about long-term reforms that must be put in place in key sectors.

One such sector is education.

It is widely acknowledged that the Philippine education system has numerous complex challenges that need to be addressed over the short, medium, and long term. The first and second Congressional Commission on Education (EDCOM) reports give a sense of the daunting problems at all levels of education — in fact beginning at the very early stages of a learner’s life — hindering the realization of our youth’s full potential.

Compared to other countries, and despite the constitutional provision that mandates that education get the highest budgetary priority, the Philippines has been spending less per student compared to other countries. According to the Philippine Institute for Development Studies (PIDS), per-student spending in the Philippines has seen a decline, from P22,979 in 2017 to P19,943 in 2021, ranking among the lowest globally.

Comparatively, the Philippines spends only about 60% and 72% of Indonesia’s per student public spending for primary and secondary levels, respectively. This is despite the fact that the Philippines’ per capita income is 84% of Indonesia’s. When using Purchasing Power Parity (PPP$) — defined by the World Bank as being a method used to compare the purchasing power of different currencies — Singapore spends PPP$16,704 and PPP$20,632 per primary- and secondary-level student, respectively. The Philippines, on the other hand, spends PPP$813 per primary level student and PPP$777 per secondary student.

As in many other sectors, the partnership of the public and private sector would do much to strengthen education. This will help resolve many issues in education, such as classroom congestion. Through these partnerships, schools can be equipped with and maximize digital learning tools, collaborate with industry partners, and improve access to quality education.

From the legislative front, a concrete example would be the proposed expansion of the voucher program of the Department of Education (DepEd) to assist private schools, as filed in the Senate. Currently, the voucher program only includes Senior High School, and the proposal aims to expand this to Kindergarten to Grade 6. Indeed, steps toward greater complementarity between public and private schools are already being undertaken in the current administration.

But it is in the Executive Department, under the leadership of Education Secretary Juan Edgardo Angara, and also TESDA (Technical Education and Skills Development Authority) Director General Francisco Benitez, that the government needs continuity most of all.

In recent days, private school groups have expressed support for the two Cabinet secretaries: the Coordinating Council of Private Educational Associations, the Catholic Educational Association of the Philippines, the Philippine Association of Colleges and Universities, the Unified TVET of the Philippines, Inc., and the Private Education Assistance Committee.

The support is well founded. Mr. Angara’s policy direction aligns with urgent priorities: improving teacher support, efficient use of resources, and revamping outdated systems. As a former legislator and commissioner of the 2nd EDCOM, Angara brings policy depth and political advantage — both critical to push through long-overdue changes in DepEd. He has pushed for equity in subsidies, focusing on outcomes and institutionalizing transparency.

Meanwhile, Mr. Benitez has been laying the foundation for 21st century workforce readiness — with strategies rooted in inclusivity, industry relevance, and lifelong learning.

He is pushing for the modernization of the TVET (technical and vocational education and training) system, moving away from short-term programs toward sustainable career pathways. He has improved TESDA’s alignment with industry needs, a crucial move as the country faces a skills mismatch and high youth unemployment.

These two officials deserve to be given the opportunity to continue the good work they have been doing at their respective agencies. Both leaders represent a shift toward evidence-based, inclusive, and accountable governance in education. Their retention would not only benefit students and teachers but would also send a strong message that performance matters more than politics.

The stakes are high in education: it involves our youth, our future, our economic progress, and the preservation of democracy. The effects of education initiatives are not immediate — they take a while to manifest in the quality of our students’ performance, not just in aptitude tests but in how they navigate the challenges of a tech-driven world and how they are able to ensure a good quality of life for themselves and their families.

We thus echo the call to retain Secretaries Angara and Benitez in their respective posts. Keeping them would ensure momentum and continuity in what they have begun. It would ensure that the pockets of change that we are beginning to see would ripen into substantial and sustained transformation of the education sector for our students and teachers, and for our nation.

 

Victor Andres “Dindo” C. Manhit is the president of the Stratbase ADR Institute.

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Two exiled Belarusian publishers share Prix Voltaire for defending their language and culture

TWO BELARUSIANS who fled repression in their native country were named on Monday as winners of the Prix Voltaire, a prestigious award that recognizes publishers who fight for freedom of expression.

Dmitri Strotsev is a publisher and poet who was briefly arrested and jailed during mass demonstrations in 2020 against Belarusian leader Alexander Lukashenko. He now operates from Berlin.

Nadia Kandrusevich founded Koska, a children’s publisher that had books seized and offices closed after the crackdown by Mr. Lukashenko’s security forces. She now lives in Poland.

James Taylor, director of communications and freedom to publish at the International Publishers Association, told Reuters the pair were being recognized for the personal risks they had taken and for their contribution to preserving the Belarusian language.

In a telephone interview, Mr. Strotsev, 62, said the pro-democracy protests five years ago had provoked an outpouring of poetic expression in Belarus as demonstrators clamored for Mr. Lukashenko, in power since 1994, to step down after a disputed election.

But as the crackdown gathered pace, poets deleted their work from the internet because they feared it could endanger not only themselves but anyone who commented on it or “liked” it.

Mr. Strotsev said he himself was arrested in October 2020 by operatives of the KGB security service. He was handcuffed and bundled into a minibus, with a bag placed over his head, then interrogated and sentenced to two weeks in jail for taking part in an unauthorized demonstration.

After his release, he was briefly detained twice more and lived in hiding for a time before leaving the country in 2021.

‘POLYPHONY’
In Berlin, he founded the small publishing house Hochroth Minsk as a platform for the poets of the failed revolution, whose voices he compares to a choral symphony.

“It was very important for me to somehow present to Belarusians and the world this polyphony, this one big symphonic choral work. I left Belarus with that task,” he said.

Ms. Kandrusevich, the children’s publisher who shared the prize of 10,000 Swiss francs ($12,200) with Mr. Strotsev, said: “This recognition affirms not only the importance of publishing and translating books for children but the belief in the quiet power of words to shape minds, to open hearts, and to build bridges across languages, cultures, and generations.”

Both publishers are dedicated to promoting the Belarusian language, although Mr. Strotsev has also published Belarusian poets writing in Russian, Yiddish, Polish, and even Norwegian.

Russian has been the dominant language in Belarus since Soviet times, so speaking and writing in the native tongue is itself an act of resistance, Mr. Strotsev said.

His mission, he said, is “to bear consistent witness to this language and this culture, because if things continue as they are, there will be no Belarusian language in Belarus.” — Reuters

Lazada Philippines to boost AI features for sellers and buyers

CARLOS BARRERA, CEO of Lazada Philippines — LAZADA/BW FILE PHOTO

ELECTRONIC commerce platform Lazada Philippines is set to integrate more artificial intelligence (AI) features to streamline seller workflows and increase buyer traffic.

“We’ve been working on certain work streams to integrate AI. Today, there are more than 12 separate work streams where we are looking at the value of AI and the ways to support it,” Lazada Philippines Chief Executive Officer Carlos Barrera said in an interview with BusinessWorld.

The platform aims to use AI to enhance its content and catalogue offerings, he said.

“For example, AI can automatically fill in the attributes of a [particular] item so that the moment you upload a T-shirt through the automated search, it will recognize that the T-shirt is size M (medium), is black in color, and has this type of cut,” Mr. Barrera said.

“That can easily save thousands of hours a month for some of our top sellers.”

According to Mr. Barrera, AI has contributed to double-digit percentage increases in traffic for its campaigns.

With AI, customer inquiries have become more complex, and the platform is able to provide more “situational recommendations,” he said.

“We power our entire recommendation system and our homepage to be fully personalized depending on the person using the app,” he said, noting that AI can tailor platform content based on predictive variables.

AI has also been used to track routes and streamline delivery systems, he added.

Lazada projects double-digit sales growth this year, Mr. Barrera said.

“We want to grow double year on year for sure. Our goal is to grow at least as fast as the market,” he said.

The Philippine e-commerce market is expected to reach $150 billion in gross merchandise value by 2030, according to a 2024 report by Google, Temasek Holdings, and Bain & Co.

However, Mr. Barrera emphasized the need for improved internet access, logistics, and financial inclusion to increase e-commerce market penetration.

“When you take a step back and think about the current situation of the [Philippine] market, we’re still one of the countries with the lowest penetration,” he said.

“There’s significant improvement, but there’s still room to grow.” — Beatriz Marie D. Cruz

DBP posts P1.6-B net income in Q1

BW FILE PHOTO

DEVELOPMENT Bank of the Philippines (DBP) saw its net income surge by 82% year on year in the first quarter as it continued to boost its lending to its priority sectors.

The state-run lender’s net income stood at P1.608 billion at end-March, its financial statement showed. DBP said this was up from P571 million a year ago.

“DBP’s strong financial performance in the first quarter is reflective of the robust performance of the local banking industry that has greatly benefitted from the stable macroeconomic environment brought about by the sound economic policies of President Ferdinand R. Marcos, Jr.,” DBP President and Chief Executive Officer Michael O. de Jesus said in a statement on Tuesday.

“We expect another banner year for the bank given the favorable economic landscape even as we pursue more programs and initiatives that would contribute positively towards the ‘deep economic and social transformation as embodied in the Philippine Development Plan’ 2023 to 2028.”

Mr. De Jesus said the increase in its first-quarter net profit was driven by “significant increases in interest income from its lending and investment portfolio.”

The bank’s net interest income was at P7.14 billion in the first three months. Interest income stood at P12.83 billion, while interest expense was at P5.69 billion.

Loans to borrowers rose to P519 billion in the period from P509 billion a year ago. “About 60% of DBP’s total loans, or P314.7 billion, went to the infrastructure and logistics sector with most of the projects located in the National Capital Region, Central Luzon, Davao, Eastern Visayas, and Central Visayas,” Mr. De Jesus said.

The bank also disbursed P96.7 billion in loans to projects for social infrastructure and community development, P47 billion for environment-related projects, and P25 billion for micro, small, and medium enterprises, he added.

DBP’s other income stood at P771.67 million.

Meanwhile, the bank’s operating expenses stood at P4.07 billion.

Total deposits rose by 9% to P820.84 billion in the quarter from P756 billion a year ago.

DBP’s total assets expanded by 7% to P1.04 trillion as of March from P977 billion in the same period last year. Total capital was at P97.17 billion.

The bank’s net worth stood at P97 billion, up by 11% from P87 billion a year ago.

DBP has a total of 150 branches, including 14 branch-lite units.

Mr. De Jesus said the bank “will continue to be aggressive in pushing for programs in support of the National Government’s economic agenda, especially those that promote infrastructure development, food sufficiency, and energy security, while ensuring that it remains responsive to the banking needs of its clients.” — A.M.C. Sy

Kazam connects homeowners with ‘right’ helpers

OFFICIALGAZETTE.GOV.PH

By Almira Louise S. Martinez, Reporter

KAZAM, an online platform by Azcalun, Inc. that connects homeowners and housekeepers, seeks to help more users find the right matches through its app.

“You waste a lot of time by texting people, posting online, and then ending up not getting exactly what you’re looking for,” Cris Azaña, co-founder and chief executive officer at Azcalun, told BusinessWorld in an interview.

She said people usually find domestic helpers through agencies, referrals from friends and family and Facebook, which causes a lot of frustration.

“If people are going digital in terms of hiring kasambahays (house helpers), maybe it’s high time we give them an app or platform where they can talk there directly,” she said.

Kazam was launched in 2021 as a website and expanded to a mobile app in 2022. Both helpers and homeowners can register for free, but employers need a “reply credit plan” or an “unlimited time-bound subscription” to reply to job seekers.

Upon registration, users can also verify their profiles by scanning or uploading valid IDs or a live selfie. “This is to create trust between the two users, so that their profiles can be more trustworthy to each other,” Ms. Azaña said.

The app works like most dating apps, where users can swipe right to their preferred candidates, and left to decline. It uses a “personality-matching algorithm” funded by the Department of Science and Technology (DoST), which aims to create a compatible employee-employer relationship.

“One of the things that the grant funded was deep-dive research into how helpers and employers interact and how to predict whether they will stay or have a good working relationship,” she said.

Helpers can also add their desired salary, skill set, job experiences, gender orientation and preferred work setup to find the employer who fits their needs.

“We’re trying to make it like a LinkedIn for helpers,” Jesus Antonio Gerardo Lucero, co-founder and chief operating officer at Azcalun, said.  “We want to let them showcase what they have done so they can increase their earning potential through the app.”

Once the helper and employer agree on a job offer, a pre-filled employment contract is provided through the app, in line with Republic Act 10361 or the Kasambahay law.

“They can fill out an editable contract that states the scope of benefits like Social Security System, PhilHealth (Philippine Health Insurance Corp.) and allowances,” Ms. Azaña said.

Out of 1.4 million domestic helpers in the Philippines, only 2.5% or 35,000 have written employment contracts, while 1.36 million have no contracts, according to the Labor department.

Under the law, contracts must include the duties and responsibilities, period of employment, compensation, authorized deductions, hours of work, rest days, allowable leaves, board and lodging, agreements on deployment expenses and termination of employment.

“We do not intervene in the interaction of the kasambahay and the owner, but we can sure as hell make it easier for them to comply for the protection of each other,” Ms. Azaña said.

Kazam has 22,000 users, 16,000 of whom are house helpers and 6,000 are homeowners. It aims to reach a million users by June 2026.

Development budget priorities

PHILIPPINE STAR/MIGUEL DE GUZMAN

In literacy and numeracy tests given to elementary level students in the ASEAN region, Vietnam is now the topnotcher. The Philippines ranks just a level above Myanmar at the bottom of the standings. This is likely because when “Uncle Ho” (Ho Chi Minh) became president of his victorious country, he focused on investing in his people. In other words, education became a development budget priority.

In the United States, for a long time the world’s top-performing economy, Donald Trump has banned foreign students from obtaining student visas at Harvard University. One reason he cites is it has allegedly become a hotbed of communist sympathizers. Xi Jinping’s only daughter has been a student there, along with many descendants of China’s communist party leaders. Some Chinese students have gone to Stanford, Columbia, and other Ivy League schools.

Today, Vietnam and China are fast becoming dynamic economies, powered by its highly educated engineers and scientists who are leading their manufacturing industries. China, for one, is going deeply into high technology sectors including AI.

Meanwhile, the Philippines, once upon a time second only to Japan as the leading economy in Asia, has become a consumer-led economy powered by its heroic overseas Filipino workers (OFWs), mostly low-level domestics, whose families suffer the consequences of the separations. The sad reality is that our “high growth” economy would collapse without these remittances from our OFWs.

Meanwhile, our legislators have violated the Constitutional provision requiring education to have the highest share of the national appropriations. The legislators have prioritized public works, which provides for pork barrel in our election year. The congressmen reduced the allocations for education and other social services, including provisions for hungry families. We know the effect of malnutrition on the ability of hungry children to learn.

A whole warehouse of laptops which somehow were not distributed to teachers had become obsolete; a waste of millions of pesos of taxpayer money. There are not enough classrooms for our high growth population; and so, there are too many students crowding too many classrooms burdening too few teachers.

The word “education” has its roots in “educe” (“draw out”). And yet, basically our education system is what you might call “banking.” Teachers are expected to deposit information which the students have to play back when the teachers ask them to withdraw the same information. Because of the need to give grades, quizzes are given and corrected regularly to produce numbers. True or false and multiple-choice questions are the easiest to correct. So, students are not challenged (not drawn out) which does not develop critical thinking. In-depth discussions would be possible if the grading system were reduced to Pass, Fail, and Distinction.

It is never too late to undertake reforms. As a new manager of a small ad agency that had just lost its biggest account, I found the staff consisted of “order takers.” Little by little, I challenged them, including secretaries, to become thinkers and initiators. And in less than two years, the ad agency had become the fastest growing in the industry. The corporate culture had evolved into a participative, empowering culture. In an interview with the business paper, the ad agency’s art director, when asked what the secret was behind the dynamism of the company, replied “kusang palo” (Self-propulsion).

As a missionary schoolteacher in the province (my first real job), I challenged my students whose command of English was very poor, to read and carry on conversations in English. In a year, they had won regional contests in declamation and spelling.

I am so glad that Bam Aquino took the No. 2 slot in the senatorial race. His campaign focused on his legislative work promoting free education for state universities. His victory indicated that our people consider education to be a valuable benefit to their families.

Let us hope that in the near future, our politicians will realize that we need to invest in our people, first and foremost. We need more classrooms. We need more and better-trained teachers. We need to establish new frameworks for learning. We need to replace “teaching methodologies” with student-centered “learning methodologies.”

 

Teresa S. Abesamis has been a development management, social and political marketing consultant for over 20 years.

tsabesamis0114@yahoo.com

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BSP issues implementing rules for anti-financial account scamming law

BW FILE PHOTO

THE BANGKO SENTRAL ng Pilipinas (BSP) has released circulars implementing the Anti-Financial Account Scamming Act (AFASA), which allows the regulator to probe financial accounts suspected to be involved in prohibited acts identified under the law.

The BSP released three circulars that contain guidelines to implement the AFASA, which was signed into law by President Ferdinand R. Marcos, Jr. in July 2024. The law seeks to help prevent and penalize financial cybercrime.

The central bank is authorized investigate and inquire into financial accounts involved in prohibited acts or offenses under the AFASA. These include money mule activities and social engineering schemes, which could be considered economic sabotage if it involves three or more people as perpetrators or victims, mass mailers, or human trafficking, as well as other offenses such as opening a financial account under a fictitious name or using the identity or identification documents of another person.

Circular No. 1214 details the rules of procedure on the conduct of inquiry into financial accounts and sharing of financial account information by the BSP. Bank secrecy laws will not apply to the financial accounts under inquiry or investigation by the BSP.

Under the guidelines, requests to inquire into a financial account must be filed by competent authorities — which include the Philippine National Police, National Bureau of Investigation, Department of Justice, Anti-Money Laundering Council, Cybercrime Investigation and Coordinating Center, or any government agency authorized to investigate or prosecute prohibited acts under the AFASA, as well as financial regulators authorized to investigate crimes or offenses related to their respective regulatory functions and adjudicate financial consumer complaints — with the BSP’s Consumer Account Protection Office.

Requests must be supported by the purpose and justification for an inquiry into a financial account, the description of the account suspected to be involved, details of the prohibited act, and other relevant information.

Competent authorities must also enter into an agreement with the BSP for the sharing of financial account information, which include the account number, the account owner’s personal information, transaction records, and the documents submitted for opening or maintaining accounts, among others.

Meanwhile, Circular No. 1215 covers the regulations on the temporary holding of funds subject of disputed transactions and coordinated verification process.

The circular applies to all BSP-supervised institutions (BSIs) that shall pursue the coordinated verification of disputed transactions, regardless whether the funds remain in the financial system or not.

Under the circular, BSIs are mandated to collaborate and establish an integrated and holistic industry protocol for the temporary holding of disputed funds and coordinated verification of disputed transactions in accordance with law and the rules and regulations issued by the BSP.

Account owners are also encouraged to engage with BSIs to take reasonable steps to protect their information, report any disputed transactions, cooperate during investigations, and comply with security practices, among others.

BSIs have the authority to temporarily hold disputed funds for a period of not more than 30 calendar days, consisting of the initial and extended holding periods. The period to hold disputed funds may be further extended by a court of competent jurisdiction.

The initial holding can be extended by not more than 25 calendar days from the lapse of the initial holding period if there are “reasonable grounds to believe that the funds held are likely to be disputed funds, and additional time is needed to complete the coordinated verification process.”

The central bank is also tasking BSIs to “institutionalize a secure, real-time or near-real-time, automated system for tracing disputed transactions, with capability to generate and record a visible disputed transaction chain, trigger the temporary holding of disputed funds, and induce timely alerts for involved BSIs.”

Lastly, Circular No. 1213 includes amendments to regulations on information technology risk management for BSP-supervised financial institutions (BSFIs) to implement the AFASA’s provisions.

“BSFIs should protect customers from fraudulent schemes done electronically. Otherwise, Failing to do so may erode consumer confidence to use in electronic channels as safe, secure, and reliable methods of making for financial transactions will be eroded,” the BSP said. “To mitigate the impact of cyber fraud, BSFIs should adopt an aggressive security posture.”

These measures include implementing automated and real-time fraud monitoring and detection systems to identify and block disputed, suspicious and fraudulent online transactions. These range from transaction velocity checks or thresholds, geolocation monitoring, and blacklist screening, among others.

“To strengthen fraud detection and prevention, BSFIs shall leverage a combination of rule-based approaches, machine learning algorithms, and other technologies to adapt to evolving fraud tactics,” the BSP said.

“Likewise, constant calibration of the FMS (fraud management systems) shall be enforced through continuous data analysis, risk assessments, adaptive rule adjustments, machine learning refinements, regular stress testing, independent review and audits, and proactive monitoring of fraud patterns, among others.”

Safeguards to be implemented also include an implementation of a 24-hour transaction pause period after applying key account changes; adoption of strong device fingerprinting; and limitation on the use of interceptable authentication mechanisms such as one-time passwords (OTPs).

“With the increasing prevalence of social engineering attacks aimed at obtaining login credentials, BSFIs should limit the use of authentication mechanisms that can be shared to, or intercepted by, third parties unrelated to the transaction,” the central bank said.

“Moreover, BSFIs engaged in complex electronic products and services and handling high aggregate values of online transactions must adopt strong authentication mechanisms to ensure the integrity of customer-initiated transactions.”

Instead of OTPs, institutions can utilize biometric authentication, behavioral biometrics, password-less authentication and adaptive authentication.

“Descriptive customer notification for account activities and financial transactions should enable customers to verify the legitimacy of activities on their accounts. Real-time notification should be sent through secure channels such as mobile apps, messaging apps, e-mail, or SMS.” — Luisa Maria Jacinta C. Jocson

Mattel is combining film and television units to create Mattel Studios

A scene from the movie Barbie. — IMDB

LOS ANGELES — Toy maker Mattel is combining its film and television units to form Mattel Studios, it said on Monday, as the company seeks to produce entertainment driven by its brands and potentially repeat the commercial success of the Barbie movie.

Mattel Films President Robbie Brenner, who joined the company in 2018, was named president and chief content officer of the combined unit. She will report to the company’s chairman and chief executive officer, Ynon Kreiz.

“Our vision for Mattel Studios is to collaborate with leading creators to make standout quality content based on Mattel’s iconic brands that will resonate in culture and appeal to global audiences,” Mr. Kreiz said in a statement.

Mattel’s biggest brand is Barbie and its portfolio also includes Hot Wheels, Fisher-Price, American Girl, Matchbox, Masters of the Universe, Polly Pocket, and Uno.

Barbie, the 2023 film starring Margot Robbie and Ryan Gosling, grossed more than $1.4 billion worldwide box office and received nine Oscar nominations.

Mattel plans to release Masters of the Universe, a live-action film inspired by the He-Man action figures, in June 2026, and Matchbox, based on its miniature cars, is slated for a fall 2026 theatrical release.

The company has also developed television content like the animated series Hot Wheels Let’s Race and Masters of the Universe: Revolution.

Jennifer Breslow, who previously was president of television and digital media at Legendary Entertainment, was named head of television at Mattel Studios.

Other upcoming projects include Bob the Builder, the brand’s first animated theatrical movie featuring actor and singer Anthony Ramos voicing the lead character.

Mattel also has a live-action Polly Pocket film in its pipeline, based on the tiny 1980s dolls. — Reuters

Allegro renews supply deal with MPower for 100% renewable energy

MPOWER FIRST VICE-PRESIDENT Redel M. Domingo (left) and Allegro Microsystems Philippines, Inc. Senior Director-Controller Ronald Dela Rosa sign a contract for a fully renewable electricity supply. — MANILA ELECTRIC CO.

SEMICONDUCTOR manufacturer Allegro Microsystems Philippines, Inc. has renewed its power supply agreement with MPower, the retail electricity supply unit of Manila Electric Co. (Meralco), to support its shift to 100% renewable energy.

Under the new agreement, Allegro will source its entire electricity requirement from renewable energy through MPower.

“MPower has enabled us to achieve our five-year sustainability target early, accelerating our timeline. This marks a major milestone in our advocacy and stand to lead a more responsible semiconductor manufacturing,” Allegro Senior Director-Controller Ronald Dela Rosa said in a statement on Tuesday.

The partnership, which began over a decade ago, is expected to help Allegro significantly reduce its carbon emissions, MPower said.

“MPower’s provision of 100% renewable energy has enabled Allegro to realize its 2030 sustainability target at its manufacturing sites ahead of schedule. This success highlights the strength of our partnership and our shared commitment to clean energy transformation,” First Vice-President and Head of MPower Redel M. Domingo said.

Under the Competitive Retail Electricity Market (CREM), qualified end-users with an average monthly demand of at least 500 kilowatts are allowed to select their electricity supplier based on specific operational needs.

MPower supplies contestable customers, including large corporations operating within Meralco’s franchise area.

The company holds more than a 25% share of the CREM market within the Meralco franchise.

Meralco’s controlling shareholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

GInsure eyes more MSME financial products

BW FILE PHOTO

E-WALLET provider GCash seeks to better support local enterprises by offering more curated property and health insurance products to small firms.

“In the future, we are looking at offering more comprehensive products to our business owners, such as a comprehensive property insurance product for businesses,” Jay Young, GCash senior manager and partnerships and business development head for GInsure, said on the sidelines of BusinessWorld Economic Forum 2025 last month.

“We will cover the structure and machinery that they have,” he added.

The company also plans to launch an insurance product that allows micro, small and medium enterprises (MSME) to buy health cards for their employees.

“Right now, a lot of big corporations already make the health card as part of the compensation package that they give to their employees,” he said, noting that many MSMEs are unable to provide health cards to their workers.

“These businesses, from the middle, small, up to the micro, will now have a chance to actually buy and customize a health card benefit for their employees,” Mr. Young said. They seek to launch the product by year-end.

These target launches form part of GCash’s push to democratize financial services for people and businesses, he said.

“A big part of a business depends on its people, and if an employee is having a hard time in life or is sick… I’m pretty sure that won’t be a productive employee,” he said in mixed English and Filipino.

“If, as business owners, we can provide our employees with a risk-mitigation tool such as medical insurance, then that would make them more confident to do their job,” he added.

GInsure is a one-stop shop for low-premium insurance products accessible via the GCash app. Its products include life, health, car, pet and travel insurance.

Of GCash’s 90 million users, about 60 million are eligible to buy insurance, Mr. Young said.

Insurance penetration slightly improved in the first quarter to 1.89% from 1.78% a year earlier, according to the Insurance Commission. — Beatriz Marie D. Cruz