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Nuclear attack unlikely despite Putin’s warnings, US intelligence says

KREMLIN.RU

NEW YORK/WASHINGTON — The US decision to allow Ukraine to fire American weapons deeper into Russia has not increased the risk of a nuclear attack, which is unlikely, despite Russian President Vladimir Putin’s increasingly bellicose statements, five sources familiar with US intelligence told Reuters.

But Russia is likely to expand a campaign of sabotage against European targets to increase pressure on the West over its support for Kyiv, said two senior officials, a lawmaker and two congressional aides briefed on the matter.

A series of intelligence assessments over the past seven months have concluded nuclear escalation was unlikely to result from a decision to loosen restrictions on Ukraine’s use of US weapons. That view has not changed following President Joseph R. Biden’s changed US stance this month on weapons, said the sources, who were granted anonymity to speak freely about sensitive intelligence.

“The assessments were consistent: The ATACMs (Army Tactical Missile System) weren’t going to change Russia’s nuclear calculus,” said one congressional aide briefed on the intelligence, referring to American missiles with a range of up to 190 miles (306 km).

Russia’s launch of a new ballistic missile last week, which analysts say was meant as a warning to Washington and its European allies, has not changed that conclusion.

One of the five US officials said while Washington assessed that Russia would not seek to escalate with its nuclear forces, it would try to match what it views as US escalation. The official said fielding the new missile was part of that effort.

US officials said the intelligence has helped guide an often divisive debate over recent months inside Biden’s administration about whether Washington loosening restrictions on Ukraine’s use of American weapons was worth the risk of angering Putin.

Officials initially resisted such a move, citing escalation concerns and uncertainty over how Putin would respond. Some of those officials, including in the White House, the Pentagon and the State department, feared lethal retaliation on US military and diplomatic personnel and attacks on North Atlantic Treaty Organization allies.

Others were specifically worried about nuclear escalation. Biden changed his mind because of North Korea’s entry into the war before the U.S. presidential election, US officials have said.

Some officials now believe the escalation concerns, including the nuclear fears, were overblown but stress that the overall situation in Ukraine remains dangerous and that nuclear escalation is not out of the question. Russia’s ability to find other covert ways of retaliating against the West remains a worry.

“Russia’s hybrid response is a concern,” said Angela Stent, director of Eurasian, Russian and East European studies at Georgetown University, referring to Russia’s sabotage in Europe.

“The chance of escalation was never not there. The concern now is greater.”

The White House and the Office of the Director of National Intelligence declined to comment.

The Kremlin did not immediately respond to a request for comment about the intelligence assessments.

REACTION AND COUNTER-REACTION
Since August, when Ukraine launched a surprise incursion into Russia’s Kursk region, Moscow and Kyiv have been locked in a cycle of escalating moves and counter-moves.

Russia has enlisted help from North Korea, which sent between 11,000 and 12,000 soldiers to help its war effort, according to the US.

The same day as Ukraine’s first strike under the relaxed U.S. policy, Russia changed its nuclear doctrine, lowering the threshold for a nuclear strike.

Fear of nuclear escalation has been a factor in U.S. officials’ thinking since Russia invaded Ukraine in early 2022. Central Intelligence Agency Director William Burns has said there was a real risk in late 2022 that Russia could use nuclear weapons against Ukraine.

Even so, the White House moved forward with Ukraine aid, sending billions of dollars’ worth of military assistance.

The concerns faded for some officials as Putin did not act on his threats but remained central to how many in the administration weighed decisions on how the US should support Kyiv.

In May, the White House allowed Ukraine to use American missiles in limited circumstances to strike across the border but not deep inside Russia, citing risk of escalation by Moscow, marginal tactical benefit and a limited supply of ATACMs.

One of the intelligence assessments from early summer, drawn up at the White House’s request, explained that strikes across the border from the Ukrainian city Kharkiv would have limited impact because 90% of Russian aircraft had been moved back from the border — out of distance of the short-range missiles.

But the assessments also noted while Mr. Putin often threatens to use nuclear weapons, Moscow is unlikely to take such a step in part because they do not provide a clear military benefit. Intelligence officials described the nuclear option as a last resort for Russia and that Mr. Putin would resort to other means of reprisal first, noting Russia was already engaged in sabotage and cyberattacks.

Still, some officials inside the White House and Pentagon argued that allowing Kyiv to use the missiles to strike inside Russia would put Kyiv, the US and American allies in unprecedented danger, provoking Mr. Putin to retaliate either through nuclear force or other deadly tactics outside the war zone.

Pentagon officials worried about attacks on US military bases.

THE NORTH KOREA FACTOR
The introduction of North Korean troops convinced the administration, particularly a group of officials at the White House and the Pentagon concerned about escalation, to allow the long-range strikes, said a senior US official.

Russia was making battlefield gains and the North Korean troops were viewed internally as escalation by Moscow necessitating a response from Washington, the official said.

Given the early intelligence assessments downplaying the risk of nuclear escalation, the nuclear fears were overstated and the decision to allow wider use of ATACMs came too late, said a senior US official and a lawmaker, citing Russia’s recent advances.

Intelligence sources say Moscow’s most robust and successful reprisal operations are likely to come through sabotage. Russian intelligence services have launched a massive international effort in Europe to intimidate countries who support Ukraine, one European diplomat said.

A US official added Moscow was actively looking to advance its “gray-zone” warfare against the West and that Russia has an extensive network of agents and it exploring options for using them. — Reuters

Under tariff threat, US vegetable wholesaler warns: ‘People will pay’

SHARON PITTAWAY-UNSPLASH

LOS ANGELES — While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes and Chile Company, the wholesaler he started in 2019.

But the business that Mr. Flores hopes to pass to his children one day is bracing for a disruption.

US President-elect Donald J. Trump has pledged to impose a 25% tariff on all imports from Mexico and Canada when he takes office on Jan. 20, plus an additional 10% tariff on Chinese goods.

“Produce of Mexico” is stamped on almost all the boxes of tomatoes and chilies that arrive at Flores’ downtown warehouse, destined for homes, hotels and restaurant kitchens across the city.

“People will have to pay a higher price. Whatever they charge us, we will pass on to the consumer,” Mr. Flores said from his section of the larger complex, the Los Angeles Wholesale Produce Market.

No matter what happens in January, Mr. Flores says he has no option but to keep importing produce from Mexico, especially in the winter. The chili-growing season in California lasts four months, from August to November, he says. The rest of the year, he gets the produce from the Mexican states of Sinaloa, Baja California and Sonora.

His team stacks boxes upon boxes of tomatoes in every size and shade of red, plus some shiny green ones for making zesty tomatillo sauce.

“Any tariff is an added tax that impacts all of us, including those who buy a pound, two pounds, or a thousand or 10,000 pounds,” said Mr. Flores, who has lived in Los Angeles for 40 years and is originally from the Mexican state of Morelos.

Mr. Trump has pronounced his love of tariffs, presumably for raising revenue and protecting US industries against imports, but he avoids speaking about the inflationary effect or the impact of potential retaliation from the United States’ top three trading partners.

Officials from Mexico, Canada and China and major industry groups have warned that the tariffs Trump proposes would harm the economies of all involved, cause inflation to spike and damage job markets.

“The president should have first seen how much this will impact everyone before speaking,” Flores said. — Reuters

Globe elected to prestigious GSMA Board

Ernest Cu, Globe President and CEO

Ernest Cu represents PH on global mobile telecom organization

Marking an important milestone for Philippine representation on the global stage, Globe has been elected to the prestigious board of the GSMA, a global organization of mobile network operators.

Globe will be represented by Ernest Cu as Globe President and CEO. The Board will serve from January 2025 to December 2026.

The GSMA Board, composed of 26 senior leaders from top telecom companies as well as smaller independent operators from around the world, champions technological progress, interoperability, and international standards across the mobile industry. Together, the members work to unlock the full potential of connectivity, enhancing business environments and driving positive societal change.

In its new role, Globe will have a prominent voice in shaping the future of mobile technology, particularly in advancing digital inclusion and access in developing markets.

During his tenure, Cu will help guide GSMA’s strategic direction, offering insights alongside global leaders to encourage progress in policy, technology, and connectivity within the mobile industry.

“Building a collaborative environment that supports mobile technology and sustainability is essential for creating long-term, positive impact. By promoting digital adoption, we aim to improve lives and stimulate economic growth, particularly in areas lacking connectivity, where access to digital tools can pave the way for new opportunities and empower communities,” Cu said.

Globe’s ongoing mission is to bridge the digital divide and foster inclusive growth in the Philippines, making sure that no Filipino is left behind in the digitalization journey.

To learn more about Globe, visit https://www.globe.com.ph/.

 


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Primeworld Land breaks ground on new residential development in Nueva Vizcaya

Every hardworking Filipino deserves a place to call home — one where they can relax, dine, and work at much comfort and ease. Continuing its commitment to creating communities that inspire and elevate lives, Primeworld Land seeks to provide such homes to the North Luzon market.

With this, Primeworld Land celebrated the groundbreaking and official launch of Primeworld Greenlands last Nov. 23, marking a new chapter for homeownership in Bambang, Nueva Vizcaya. In attendance at the event were Primeworld CEO Sherwin Uy, Business Development Lead Celine Co, and a dynamic team of North Luzon representatives and sales leaders, who came together to welcome this exciting new project.

Located in Barangay San Antonio, Primeworld Greenlands is a 3.6-hectare gated subdivision that brings modern living to Nueva Vizcaya’s scenic countryside. Designed to fulfill the diverse needs of Filipino families, the development offers 351 house-and-lot units across five distinct home models, each crafted to provide comfort, style, and growth potential within the lush environment of the nation’s citrus capital. Moreover, the new residential development includes five 2-storey townhouses, ensuring quality housing for Filipinos.

Among these townhouses includes Greenland’s crown jewel Nebraska, a 2-storey single-detached home with 83.7 square meters (sq.m.) of living space on a 104-sq.m. lot. It features four bedrooms, three baths, and a carport. Nebraska is built for larger families or those seeking a premier home experience.

Georgia, meanwhile, is a welcoming 2-storey townhouse with 41 sq.m. of floor space on a 42-sq.m. lot. This starter home has an open-space layout, perfect for young families or individuals beginning their journey toward homeownership.

Arizona is a slightly larger 2-storey townhouse offering 49 sq.m. of space on a 52-sq.m. lot. Known as the “most popular unit,” Arizona is ideal for families and individuals who want more room to grow.

For those looking for more space, more comfort, and more flexibility, the well-appointed 2-storey townhouse Alaska spans 61 sq.m. on a 65-sq.m. lot, featuring two toilets and baths, and a carport.

 

Lastly, the 2-storey duplex Dakota has 73.5 sq.m. of space on a 45-sq.m. lot, and features two bedrooms and two baths. Dakota is an ideal townhouse for families who value privacy and space in a modern layout.

Each unit includes a dedicated laundry/service area, offering practicality for everyday living. These are coupled with shared amenities, such as a scenic park, a playground, and a basketball court with a stage designed for community events and gatherings. These amenities seek to foster a strong sense of community within Primeworld Greenlands.

With this new development, Primeworld Land is committed to meeting the growing demand for quality housing in Northern Luzon, where agriculture and community life thrive. More than just a residential area, Primeworld Greenlands is a place where families can build their dreams, strengthen their bonds, and thrive together.

As sales will begin soon, we invite those who seek a beautiful and meaningful place to call home. To learn more about Primeworld Land, and our new residential development in Nueva Vizcaya, as well as other developments in Luzon, visit www.primeworldland.com.

 


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12,000 entrepreneurs gathered for 15th PHILSME Business Expo at SMX Manila

The 15th Philippine SME Business Expo (PHILSME) was held last Nov. 22-23, 2024, at the SMX Convention Center Manila in Pasay City, to celebrate and empower Filipino small and medium enterprises (SMEs).

With the theme “Unlock Upliftment: Taking on Innovation, Coalition, and Excellent Client Relations for an Empowered Nation,” PHILSME presented a dynamic lineup of business solutions, inspirational talks, and opportunities for meaningful networking.

Empowering Filipino Businesses

The country’s largest business-to-business trade show for SMEs and entrepreneurs featured:

  • 180 business solutions from 120 exhibitors and sponsors, including industry leaders like GCash for Business, QNE Software Philippines, Odoo, Bossjob and Security Bank, to name a few.
  • A powerhouse roster of 30 keynote speakers and panelists which included:
    • Josiah Go, Chairman & Chief Innovation Strategist of Mansmith & Fielders, for “The 4 Gates of Entrepreneurship”
    • RJ Ledesma, Co-Founder of Mercato Centrale, talked about “The Secrets of Successful Entrepreneurs: The Entrepreneurial Mindset”.
    • Amor Maclang, Convenor of Digital Pilipinas, with Philippine Trade Training Center’s Deputy Executive Director Dimnatang Radia and Asia Center for Small Business Founder, Arlene Martinez for the panel on SME: At the Frontline of Building a Digital Pilipinas
    • Trixie Esguerra-Abrenilla, PHILSME CEO and Managing Director shared about “The Vision Beyond Business Solutions”
    • Panels on government services, innovation and customer service led by CEOs and Founders.

Exciting Highlights

The event included:

  • Re:Brand Initiative in partnership with Design For Tomorrow, offers one lucky MSME a full luxury branding service to elevate their business.
  • Networking Night, an exclusive gathering for the PHILSME Network members, exhibitors, and sponsors on Day 1.
  • Exclusive Perks by various brands that visitors can only avail during the two-day event which included cash prizes, mentorship program and huge sign-up discounts.

Esguerra-Abrenilla also shared:

“While PHILSME primarily provides a platform for business solutions, we are going beyond that — we also care about one’s overall upliftment. We are also very grateful to have many repeat sponsors whose confidence, trust and commitment we value. Next year, as we gear up for the 16th PHILSME Business Expo in May 2025, we are also bringing back the 12th Baby, Kids and Family expo in May and the 7th Entrepreneur and Franchise Expo in November 2025.”

Join the Movement

Don’t miss the chance to be part of the Philippine SME revolution! Gain insights, connect with industry leaders, and discover innovative tools to boost your business on its next edition!

For exhibition and sponsorship inquiries, contact Sunshine Sy at sunshine@philsme.com or 0968-569-8358, or visit philsme.com.


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Salmon completes a significantly oversubscribed $30-million Series A-2 financing round, secures funding from existing investors

Salmon, a leading provider of financial services and consumer lending products in Southeast Asia, operating a licensed bank in the Philippines, today announces the successful completion of its $30-million Series A-2 equity financing round. The planned round saw strong participation from key institutional investors of the Company, including the International Finance Corp. (IFC) and Lunate of Abu Dhabi, with both committing amounts substantially in excess of their pro-rata allocation rights.

The funds will be directed toward continued scaling of Salmon’s profitable lending business and launching new products designed to meet the evolving needs of more than 50 million Filipino consumers underserved by the legacy banks. A portion of the proceeds will also bolster the company’s marketing activities at thousands of retail locations across the Philippines, as well as expand its online offering.

In addition, subject to receiving regulatory approvals from the Bangko Sentral ng Pilipinas (BSP), Salmon intends to allocate a portion of the proceeds to strengthen the capital base of the Rural Bank of Sta. Rosa (Laguna), with plans to increase the bank’s total capital to P1.2 billion by the end of 2025. This capital infusion will support the bank’s continued growth. Over the past six months, the Rural Bank of Sta. Rosa (Laguna) has emerged as the fastest-growing bank in the country, achieving one of the highest returns on equity (ROE) among regulated financial institutions in the Philippines.

Pavel Fedorov, Co-Founder of Salmon, commented: “Salmon’s mission has always been to drive financial inclusion, and the Philippines is one of the most exciting markets globally for unlocking access to credit. With this latest investment round, we are positioned to scale our operations even further, bring new products to market, and deepen our partnerships across the financial ecosystem. The recent success of the Rural Bank of Sta Rosa (Laguna), with its exceptional growth and market-leading ROE, is a testament to the potential of combining innovation with a strong commitment to local communities.”

This new investment round underscores the confidence that global institutional investors have in Salmon’s ability to continue delivering transformative financial solutions in the Philippines and beyond.

About Salmon:
Salmon is a pioneering fintech company focused on delivering innovative lending solutions to underserved consumers in Southeast Asia. By combining cutting-edge AI technology with deep market insights, Salmon empowers individuals to access credit, fostering financial inclusion and driving economic growth in the region.

 


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Top-performing MOVE IT riders celebrated at MOVE IT Day 2024

Papugay Awardees Merlani Lacson, Cyrus Panopio, Merry Ann Paz, and Benjie Boladas Bechayda share how their earnings as moto-taxi service providers empower them to achieve their aspirations in life.

Thousands of rider-partners and their families joined the yearend celebration, with MOVE IT Papugay Awardees as highlight

MOVE IT honored the exceptional contributions of its 16 top-performing rider-partners at the recent MOVE IT Day 2024 event, held at the PhilSports Arena in Pasig City. These riders were named this year’s Papugay Awardees — recognized for their unwavering dedication and resilience.

The Papugay Awards ceremony was a highlight of MOVE IT’s annual yearend celebration, which gathered thousands of rider-partners and their families for a day filled with activities and entertainment. The event featured photo booths, games, raffles, comedy shows, a talent competition, a rock concert, and even motorcycle maintenance services.

While MOVE IT Day is the company’s annual yearend event to show its appreciation to the thousands of rider-partners, the Papugay Awards is the company’s way of recognizing rider-partners that exemplifies MOVE IT’s values of integrity, respect and commitment to safety and quality service. To qualify for the Papugay Awards, rider-partners must demonstrate exceptional booking completion rates, maintain high star ratings, ensure safe driving practices, and receive exemplary feedback from passengers.

During the event, four “Papugay” awardees shared their inspiring stories, encouraging fellow riders to strive for success.

One of them was Cyrus Panopio, 38, who has been tagged as an “Alamat” — the highest tier for MOVE IT riders.

As an Alamat, Panopio enjoys a robust array of incentives, including P2,000 worth of groceries, gas money, medicine, and GrabFood vouchers each month. While Panopio also runs a small business that supports his family, including his mother who suffered a stroke, his MOVE IT earnings have provided extra financial stability. He hopes to use this additional income to fund his three sons’ education until they earn their degrees.

“Bumabiyahe kasi ako ng 5 to 10 a.m., tapos umuuwi ako para ihatid ang mga anak ko sa school, mamalengke at magluto. Pagkatapos ng kaunting pahinga, balik-biyahe ako ng 4 to 10 p.m.,” Panopio discloses. Panopio shares that the flexibility offered by the platform allows him to balance his time between his livelihood, his business, and family much more easily.

Fulfilling full-time livelihood

Another one of the Papugay awardees, Benjie Boladas Bechayda, 33, quit his old regular job as a security guard for a popular shopping mall chain to instead go full-time with MOVE IT.

Bechayda started as a part-timer for MOVE IT only last March, before realizing that he could earn twice more than his previous work by going full steam ahead as a moto taxi rider.

In the past, he rendered 12-hour duty in his security guard job, then spent late nights until early morning with his MOVE IT gig. But since July, Bechayda has made MOVE IT his main bread and butter.

Sa dati kong trabaho, nagsasangla pa ako ng ATM card, at wala rin masyadong oras para sa pamilya,” Bechayda recalls. “Ngayon, malaki ang pasok ng grasya — guminhawa ang buhay ng pamilya ko.”

With more time to spend with his wife and children, including their six-month-old baby, and earning a higher income, Bechayda is now focused on building or buying a house for their growing family.

MOVE IT General Manager Wayne Jacinto (2nd row, 3rd from left) leads the MOVE IT Day 2024 Celebration, together with thousands of MOVE IT rider-partners.

Enhancing livelihood adaptability

Meanwhile, 29-year-old Merry Ann Paz, a single mother, juggles the responsibility of raising and providing for her two children.

Aside from sending her kids to school, Paz is also responsible for paying the monthly bills — relying primarily on her earnings from MOVE IT to successfully fulfill the role. However, as a female moto-taxi rider, Paz initially had qualms about becoming a full-time rider-partner due to concerns about her safety.

Noong una, kinakabahan ako na mag-moto taxi dahil na rin sa mga safety issues na pwedeng kaharapin sa daan,” Paz says. The solo parent breadwinner emphasized that MOVE IT provides training on road safety to help them navigate busy thoroughfares safely. Additionally, the platform touts a suite of security and reporting features that enhance their safety. She also shared that she picked up a lot from online courses via the MOVE IT Academy learning platform, focused on defensive driving, safe spaces, and passenger handling.

New livelihood path for a better future

Now, what is a former ambulance driver — and a strong and independent woman at that — like Merlani Lacson, 45, doing as a MOVE IT rider?

Lacson’s old job rushing sick people to hospital for a decade, including during the COVID-19 pandemic, had made her a fighter.

After driving ambulances for a local government in Metro Manila, Lacson was also a family driver for six months, until she realized that riding motorcycles is the better livelihood option.

“Matagal ko nang gustong mag-motor dahil mas madaling magmaniobra sa daan,” Lacson beams. So for Lacson, becoming a MOVE IT rider now is a dream come true.

And it’s MOVE IT that’s likewise giving her the flexibility — since she serves commuters from 5 a.m. to 4 p.m., Lacson reserves her nights to be with her teenage children. Now a widow, Lacson is looking forward to the day when one of her sons can finish the IT course they’re also dreaming of.

This positive relationship between MOVE IT and its riders is driving the company, and the moto taxi industry, to new heights.

MOVE IT General Manager Wayne Jacinto shares, “Sa bawat MOVE IT rider-partner, taus-pusong pasasalamat sa inyong katapatan at kasipagan bilang maaasahang tagapaghatid ng mga pasaherong Pilipino. Ang inyong dedikasyon at pagsisikap ang dahilan kung bakit libo-libong mananakay sa araw-araw ang nakakapasok sa opisina at nakakauwi sa kanilang mga pamilya nang mas madali at mas ligtas. Kami ay nagagalak na maging bahagi ng bawat byahe ninyo sa pag-abot ng inyong mga pangarap, habang sama-sama nating tinutugunan ang pangangailan ng mga komyuter para sa serbisyong ligtas, tapat at maasahan. Muli, salamat po sa inyong lahat.”

 


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Joy~Nostalg welcomes the holidays with a meaningful Christmas Tree in ‘Woven Wonders’

The five-star serviced residences rings in the holiday season with special Christmas Tree made with fabric trimmings from top fashion designers

Five-star serviced residences Joy~Nostalg Hotel & Suites Managed by Accor once again kicks off the holiday season like no other by turning its annual Christmas Tree lighting event into a platform that promotes the spirit of the holidays, as well as the value of sustainability.

Titled “Woven Wonders,” the Nov. 20 event showcased Joy~Nostalg’s unique Christmas Tree that drew cheers and amusement from the crowd of media members and special guests. This year’s installation features vibrant and sustainable decorations of fabric trimmings, or retaso, from the country’s premier fashion designers. The star-studded list includes Puey Quiñones, Wilson Limon of NIñOFRANCO, Gabby Garcia of TAGPI, and Adrienne Charuel of Maison Métisse.

“Our Christmas Tree Lighting Event this year, titled ’Woven Wonders,’ is a lovely reminder that each of us is a unique thread, woven together to create something truly meaningful,” says Odette Huang, General Manager of Joy~Nostalg Hotel & Suites Managed by Accor. “To make our tapestry of community come together, we have decorated our Christmas Tree with fabrics from the country’s top designers. While these retasos are usually discarded and forgotten, this season, they have been upcycled and repurposed to become gorgeous festive embellishments.”

According to Wilson Limon of NIñOFRANCO, supporting Joy~Nostalg’s meaningful Christmas tree event is an opportunity for fashion designers to promote the country’s rich local culture and world-class artisanal craftsmanship.

“We value the spirit of sustainability, and this platform to showcase the works of our artisans is a wonderful way to celebrate Filipino craftsmanship during this Yuletide season,” Limon said.

Garcia added that Joy~Nostalg’s meaningful Christmas Tree “represents a commitment to both environmental sustainability and the festive spirit. It’s a way to celebrate the holidays while promoting eco-friendly practices, encouraging people to enjoy the season responsibly by reducing waste and supporting a sustainable future.”

For Charuel, Joy~Nostalg Christmas Tree aligns with the core values and advocacy of Maison Métisse. “By contributing to this meaningful project,” she said, “Maison Métisse reinforces our belief in creating with intention and inspiring thoughtful giving. Together, we hope to foster a season of conscious joy — one that honors the interconnectedness of heritage, community, and the promise of a sustainable future.”

Giving the retasos second life as holiday décor also reduces textile wastes that “overburden our landfills,” Huang added. Another layer of sustainability in Joy~Nostalg’s Christmas Tree lighting event is its continuing collaboration with the Negrense Volunteers for Change Foundation. For the second straight year, Joy~Nostalg has partnered with the Bacolod-based nonprofit organization in its mission to “link dreams to donors, and donors to dreams.”

The organization created new Christmas Tree trimmings for Joy~Nostalg from used Nespresso capsules. The hotel also reused decors that the organization produced last year, while adding new ones meticulously crafted and transformed into colorful parol decors, uniquely designed for Joy~Nostalg’s beautiful Christmas tree.

“We hold sustainability very close to our hearts and strive to do our share in looking after what we do for our planet, our community, people we interact with, our staff, our guests and our partners,” Huang said. “Every little bit of effort helps us thrive and move away from the disposable mindset. We embrace practices that have a profound and enduring impact on our lives and on the future.”

Another sustainability effort of Joy~Nostalg involves a partnership with RETASTRO, a local brand dedicated to the practice of “upcycling.” The collaboration covers RETASTRO’s “Simoy ng Disyembre Candles” project, wherein used coffee grounds from Joy~Nostalg will be used to create candles. Each one will serve as a tribute to the environment, the Filipino culture, and the love for the rich aroma of freshly brewed coffee. The candles will also feature a design that pays homage to the Nito weave decorative jars, an indigenous arts and crafts product of the Iraya-Mangyan tribe from Puerto Galera in Oriental Mindoro.

The meaningful Christmas Tree lighting event of Joy~Nostalg on Nov. 20 happens to fall on the annual, global celebration of World Children’s Day. As such, Joy~Nostalg has chosen to help the Philippine General Hospital (PGH) Chaplaincy in its mission to assist young cancer patients by gifting them with teddy bears. The hotel offers two teddy bears for P500 and accepts teddy bear donations that guests can place at a drop box in the lobby. The teddy bears will be handed to the PGH Chaplaincy beneficiaries in December.

“Woven Wonders” ties in with the 15th-anniversary celebrations of Joy~Nostalg, located at the heart of the Ortigas CBD. Huang describes the hotel’s journey as one of growth, marked by continuous improvement and resilience.

“Looking ahead, the next fifteen years promise to be even more inspiring as we pursue a commitment to excellence and be aligned with Accor’s thrust for responsible hospitality,” Huang said. “We will focus on meaningful advocacies that drive sustainable practices, contributing positively to our environment, community and most especially the growth of our people in the organization. Together, we will build a legacy to create a future where our actions not only elevate our services but also support a more sustainable and kinder world.”

Learn more about Joy~Nostalg Hotel & Suites Managed by Accor by visiting https://www.joynostalgmanila.com/. Follow the premier lifestyle destination on Facebook, Instagram, and Twitter. For more details, contact +63 2-5318-7888 and HB2D6-RE1@accor.com.


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Trump’s proposed tariffs on Canada would drive up pump prices, analysts warn

PHILIPPINE STAR/KRIZ JOHN ROSALES

NEW YORK – U.S. President-elect Donald Trump’s pledge to impose tariffs on Canada would drive up fuel prices for Americans as it would upend decades-old oil trade from its top crude supplier, analysts said on Wednesday.

Trump, who takes office on Jan. 20, said this week he would impose a 25% tariff on all imports from Canada and Mexico until they clamp down on drugs and migrants crossing the border. Canadian oil imports would not be exempt under a free-trade deal from the levies, Reuters reported.

Even as surging oil output to record highs has made the U.S. the world’s largest producer in recent years, more than a fifth of the oil processed by U.S. refiners is imported from Canada.

In the landlocked U.S. Midwest, where refineries process 70% of the more than 4 million barrels per day (bpd) of Canadian crude imports, consumers could see pump prices jump by 30 cents per gallon or more, or about 10%, based on current prices, GasBuddy analyst Patrick De Haan said.

If implemented, the tariffs would force those refiners, including Marathon Petroleum, BP, and Phillips 66, to either pay a higher price to import oil from these countries or to find alternative suppliers that would be further away and thus also more expensive.

In either scenario, a portion of the added costs is likely to be passed on to U.S. consumers in the form of higher prices for gasoline at retail pumps, Commodity Context analyst Rory Johnston said.

“Any tariffs on Canadian oil are going to increase pump prices given the dependence of much of the U.S. refining industry on Canadian crude,” Johnston said. The cost of crude feedstock is the biggest component of retail gasoline prices.

BP, Marathon, and Phillips 66 did not immediately respond to requests for comment.

America’s top oil trade groups, the American Fuel and Petrochemical Manufacturers group and the American Petroleum Institute, meanwhile, said imposing the tariffs would be a mistake – exposing a rare moment of discord between the industry and Trump.

“Across-the-board trade policies that could inflate the cost of imports, reduce accessible supplies of oil feedstocks and products, or provoke retaliatory tariffs have potential to impact consumers and undercut our advantage as the world’s leading maker of liquid fuels,” AFPM said on Tuesday.

Cheaper gasoline was among Trump’s top priorities during his re-election campaign as he sought to connect with consumers frustrated by sky-high fuel prices in the aftermath of the coronavirus pandemic, Russia’s invasion of Ukraine, the war in Gaza and other supply disruptions.

Gasoline prices jumped to over $5 per gallon in 2022, but have fallen sharply since, hitting $3.04 as of Monday, the lowest since 2020, the U.S. Energy Information Administration said.

MIDWEST TO BE HIT HARDEST
Many of the country’s refineries are configured to process heavy Canadian crude grades, and not the light grade pumped in the booming U.S. shale oilfields.

U.S. Midwest refineries, in particular, are geared to run the heavier crude shipped across the border by pipeline or rail.

BP’s Whiting refinery in Indiana, the largest fuel supplier in the Midwest, imported more than 250,000 bpd of Canadian heavy oil in 2023, or about 57% of its 440,000 bpd refining capacity, according to RBN Energy.

Other U.S. states will also feel the pinch, albeit to a smaller extent, GasBuddy’s De Haan said.

Major consumer markets on the U.S. East Coast can tap seaborne cargoes from Europe or Africa if tariffs threaten their purchases of gasoline from the Irving Oil refinery in Saint John, New Brunswick, he said.

Irving Oil did not immediately respond to a request for comment.

West Coast refiners are better geared to process U.S. crude, he added.

“States that border Illinois are the areas that would be most impacted because they have the fewest alternatives,” De Haan said.

Gulf Coast refiners have some capacity to import more oil from members of the Organization of the Petroleum Exporting Countries such as Iraq, Saudi Arabia, Kuwait and Venezuela, Commodity Context’s Johnston said.

Across the board, many refiners are already facing significantly lower margins for producing fuel, hitting their profits in recent quarters.

“These potential tariffs are a kick in the teeth for refineries,” De Haan warned. — Reuters

US economy holds firm in early Q4; inflation stuck above Fed’s target

REUTERS

WASHINGTON – U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth quarter, but progress on lowering inflation appears to have stalled in recent months.

The lack of success in bringing inflation back to the Federal Reserve’s 2% target, together with the prospect of higher tariffs on imported goods from the incoming Trump administration, could narrow the scope for interest rate cuts from the U.S. central bank next year.

The Fed is still widely expected to deliver a third rate cut in December, with other data on Wednesday showing more unemployed people were experiencing long bouts of joblessness in mid-November. Minutes of the Fed’s Nov. 6-7 policy meeting published on Tuesday showed officials appeared divided over how much farther they may need to cut rates.

“It is a closer call than it was at the prior two policy meetings since core services inflation remains sticky and could lead some Fed officials to argue for a pause in the rate cutting cycle next month,” said Kathy Bostjancic, chief economist at Nationwide. “We instead look for the Fed to pause the rate cuts in early 2025 to assess prospective policy changes under the second Trump administration.”

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after an upwardly revised 0.6% advance in September, the Commerce Department’s Bureau of Economic Analysis said. Economists polled by Reuters had forecast consumer spending would gain 0.3% after a previously reported 0.5% increase in September.

Adjusted for inflation, consumer spending edged up 0.1%, consistent with a roughly 2.5% annualized growth rate this quarter. Spending rose at a 3.5% rate in the July-September quarter, accounting for the economy’s 2.8% growth pace.

The Atlanta Fed is forecasting gross domestic product increasing at a 2.7% rate in the fourth quarter.

Spending was largely driven by strong demand for services, including healthcare, housing and utilities, financial services and insurance, dining out and hotel stays as well as transportation and recreation. Services spending rose 0.5%.

Goods outlays were unchanged as an increase in purchases of motor vehicles and parts was offset by lower receipts at service stations because of cheaper gasoline. There were also price-related declines in outlays of apparel, furniture and other long-lasting manufactured household equipment.

Low layoffs, strong household balance sheets thanks to a stock market rally and high home prices after underpinning spending. Household savings also remain lofty. The saving rate increased to 4.4% from 4.1% in September.

Income rose 0.6%, boosted by a 0.5% gain in wages. After accounting for inflation and taxes, income at the disposal of households rose 0.4% after edging up 0.1% in September.

Economists anticipate a fairly busy holiday shopping season, though high prices are squeezing budgets. Data from Adobe Analytics showed consumers have in the first 24 days of November spent  $77.4 billion  online,  up 9.6% on  a year-over-year basis. The Mastercard Economics Institute described this holiday shopping season as being characterized by “the value-conscious consumer who feels stretched by economic pressures,” and “a confident consumer who feels more free to spend.”

Stocks on Wall Street traded lower. The dollar slipped against a basket of currencies. U.S. Treasury yields fell.

LOW LAYOFFS
Though inflation is cooling, the trend has slowed. The personal consumption expenditures price index climbed 0.2% in October, matching September’s unrevised gain. In the 12 months through October, the PCE price index increased 2.3% after advancing 2.1% in September.

Excluding the volatile food and energy components, the PCE price index rose 0.3%, matching the increase in September. The so-called core inflation was lifted by services, mainly housing and utilities, transportation, as well as financial services and insurance. Goods prices fell. Core inflation increased 2.8% year-on-year in October after climbing 2.7% in September. The central bank tracks the PCE price measures for monetary policy.

President-elect Donald Trump said on Monday he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, on his first day in office. Economists at Goldman Sachs estimated the tariffs, if implemented, would increase core PCE inflation by 0.9%.

“Disinflation through the import channel on goods has driven down inflation over the past two years,” said Joe Brusuelas, chief economist at RSM. “But higher goods costs are most likely on the way, and that increase will also result in higher service-sector costs.”

In the near-term, however, labor market slack could outweigh concerns about higher inflation readings.

A separate report from the Labor Department showed initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 213,000 for the week ended Nov. 23, the lowest level since April.

Claims have reversed the surge in early October, which was the result of hurricanes and strikes at Boeing and another aerospace company. Despite expectations for a rebound in nonfarm payrolls, the unemployment rate is likely to be unchanged or even rise this month.

The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 9,000 to a seasonally adjusted 1.907 million during the week ending Nov. 16, the highest level since November 2021, the claims report showed.

The so-called continuing claims data covered the period during which the government surveyed households for November’s unemployment rate. They increased between the October and November survey periods, indicating that many laid-off workers are finding it difficult to land new jobs.

The jobless rate has held steady at 4.1% for two straight months. The employment report for November would be crucial for the Fed’s rate decision next month. Financial markets expect a 25-basis-point rate cut at the Fed’s Dec. 17-18 policy meeting.

The central bank reduced rates by 25 basis points earlier this month, lowering its benchmark overnight interest rate to the 4.50%-4.75% range. It initiated its policy easing cycle in September, which marked its first reduction in borrowing costs since 2020, after hiking rates by 525 basis points in 2022 and 2023 to quell inflation.

While consumers continued to steer the economy, business spending on equipment appeared to soften.

A third report from the Commerce Department’s Census Bureau showed non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.2% in October after a 0.3% gain in September.

“We see little growth in investment this quarter, with the possibility that spending could decline outright,” said Abiel Reinhart, an economist at J.P. Morgan. — Reuters

Russia says it will respond if US places missiles in Japan

STOCK PHOTO | Image by IGORN from Pixabay

MOSCOW – Russia said on Wednesday that if the United States stationed missiles in Japan, this would threaten Russian security and prompt Moscow to retaliate.

Japan’s Kyodo news agency reported on Sunday that Japan and the U.S. aim to compile a joint military plan for a possible Taiwan emergency that includes deploying missiles.

It cited unnamed U.S. and Japanese sources as saying that under the plan, the U.S. would deploy missile units to the Nansei Islands of Japan’s southwestern Kagoshima and Okinawa prefectures, and to the Philippines.

Russian Foreign Ministry spokeswoman Maria Zakharova accused Japan of escalating the situation around Taiwan to justify the expansion of military ties with Washington.

“We have repeatedly warned the Japanese side that if, as a result of such cooperation, American medium-range missiles appear on its territory, this will pose a real threat to the security of our country and we will be forced to take the necessary, adequate steps to strengthen our own defense capability,” she said.

Zakharova said Tokyo could get an idea of what such steps would entail by reading Russia’s updated nuclear doctrine, published last week, which expanded the list of scenarios under which it would consider using nuclear weapons.

On Monday, Deputy Foreign Minister Sergei Ryabkov said Russia would consider deploying short- and intermediate-range missiles in Asia if the United States deployed such missiles to the continent.

Asked about that statement, Zakharova declined to discuss where Russia might site such weapons, but noted that half its territory is in Asia so any Russian missiles potentially deployed east of the Urals would be in that region.

She said Moscow had sent a clear signal to the United States and its “satellites” that Russia would respond decisively and in symmetrical fashion to the placing of land-based medium and shorter-range missiles in various parts of the world.

She said the West should have no doubts about Russia’s potential after it launched a new hypersonic intermediate-range missile, the Oreshnik, at a target in Ukraine last week. — Reuters

Discover endless excitement with Tongits on Gamezone

In the ever-evolving world of online gaming, one platform stands out for card game enthusiasts: Gamezone’s Tongits. The digital version of the popular Filipino card game, Tongits, has captivated the gaming community with its immersive and dynamic gameplay, compelling players to return for more. Whether you’re a seasoned Tongits veteran or a curious newcomer, Gamezone provides the perfect playground to indulge in this captivating game.

Reinventing a Classic for the Digital Age

Tongits, a game deeply rooted in Filipino culture, has found new life on Gamezone. This innovative platform has successfully preserved the essence of the traditional game while adding modern twists that enhance the overall experience. The result is a seamless blend of nostalgia and innovation that appeals to players across generations.

User-Friendly Interface

One of Gamezone’s standout features is its intuitive interface. Designed with both novices and experts in mind, the platform offers a clean, easy-to-navigate layout that allows players to jump right into the action. The crisp graphics and smooth animations create an engaging visual experience that brings the game to life on your screen.

Diverse Game Modes

Variety is the spice of life, and Gamezone’s Tongits go delivers in spades. The platform offers multiple game modes to suit different playstyles and preferences:

  1. Tongits Plus: This mode stays true to the original rules, with subtle enhancements that elevate the gameplay experience.
  2. Tongits Quick: Perfect for players on the go, this fast-paced variant delivers all the excitement of Tongits in a condensed format.
  3. Tongits Joker: For those seeking an extra challenge, this mode introduces wild cards that add an unpredictable element to each match.

Why Gamezone’s Tongits Keeps You Hooked

Daily Rewards and Challenges

Gamezone keeps the excitement alive with a robust system of daily rewards and challenges. Players are incentivized to log in regularly, with bonuses awarded for consistent play and task completion. This gamification element adds an extra layer of engagement, turning each session into a rewarding experience.

Competitive Edge

For those with a competitive streak, Gamezone hosts regular tournaments and events. These competitions allow players to test their skills against others, vying for exciting prizes and bragging rights. The thrill of tournament play adds a new dimension to the game, pushing players to refine their strategies and climb the ranks.

Play anytime, anywhere

In today’s fast-paced world, flexibility is key. Gamezone’s Tongits go Online is designed for seamless play across devices, allowing you to enjoy a quick game whether you’re relaxing at home or on your daily commute. The ability to play Tongits go on-the-go means the fun never has to stop.

What Sets Gamezone Apart

Commitment to Fair Play

Gamezone takes the integrity of its platform seriously. Robust security measures are in place to prevent cheating and ensure a level-playing field for all players. A dedicated team monitors gameplay, swiftly addressing any reports of unfair play. This commitment to fairness creates a trustworthy environment where players can focus on enjoying the game.

PAGCOR-Licensed Platform

As a PAGCOR-licensed platform, Gamezone adheres to strict legal standards. This official certification provides players with peace of mind, knowing that they’re engaging with a legitimate and regulated gaming environment. The platform’s commitment to compliance underscores its dedication to providing a safe and secure space for online gaming.

Community-Focused Approach

Gamezone isn’t just a platform; it’s a thriving community of Tongits go enthusiasts. The social features integrated into the game allow players to connect, chat, and share experiences. Regular community events and forums foster a sense of belonging, turning Gamezone into more than just a gaming site —it’s a digital hangout for card game lovers.

Game-Changing Tips for Success

Whether you’re new to Tongits go or looking to up your game, these strategies can help improve your performance on Gamezone:

Participate in Events

  • Regular Tournaments: Join these competitions to test your skills against other players and potentially win exclusive prizes.
  • Seasonal Events: Look out for limited-time events with unique themes and special rewards.
  • Skill Improvement: Use tournaments as opportunities to learn from more experienced players and refine your tactics.

Strategize Smartly

  • Observe Your Opponents: Pay close attention to the cards your opponents pick up or discard. This information can give you valuable insights into their hand and strategy.
  • Focus on Melds: Prioritize forming sets and sequences early in the game. This approach can give you a significant advantage and increase your chances of winning.
  • Timing is Everything: Know when to fold to minimize losses or knock to secure a win. Developing this instinct comes with practice and observation.

The Future of Tongits on Gamezone

As Gamezone continues to evolve, players can look forward to even more exciting developments in the world of online Tongits. The platform has hinted at upcoming features such as:

  • AI Opponents: This advanced artificial intelligence adapts to your playstyle, providing a challenging solo play experience.
  • Cross-Platform Play: Expanded compatibility across different devices and operating systems, allowing for an even more connected gaming community.

Join the Tongits Revolution Today!

Gamezone’s Tongits go online is more than just a digital version of a classic card game — it’s a revolution in online gaming. By combining traditional gameplay with modern technology and community-focused features, Gamezone has created an unparalleled gaming experience that continues to captivate players around the world.

Whether you’re looking to relive childhood memories, challenge yourself against skilled opponents, or simply enjoy a fun and engaging card game, Tongits on Gamezone offers something for everyone. The platform’s commitment to fair play, continuous improvement, and community building ensures that every match is not just a game, but an opportunity to connect, compete, and create lasting memories.

Don’t miss out on the excitement. Dive into the world of Tongits go on Gamezone today and discover why players can’t get enough of this digital card game sensation. With its engaging gameplay, regular updates, and vibrant community, Gamezone’s Tongits promises endless fun and excitement for card game enthusiasts of all levels. Join the Tongits online revolution now and experience the thrill for yourself!

 


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