Home Blog Page 1641

The chef speaks: Gordon Ramsay

FOR A chef with a pop culture reputation of being a screamer, Gordon Ramsay was remarkably soft-spoken when he made an appearance in Manila on Jan. 20.

The chef, known for his multiple Michelin-starred restaurants but also his TV appearances, appeared to a diverse audience at the Newport Performing Arts Theater including a block of culinary arts students, whom he stopped and shook hands with before moving on up to the stage.

Forced to give up football after an injury as a teen, Mr. Ramsay studied at the North Oxfordshire Technical College and worked as a chef, moving to France to further his learning in his 20s. He rose through the ranks, and now has restaurants that bear his name, such as Restaurant Gordon Ramsay in London, with three Michelin stars, among other restaurants such as Hell’s Kitchen — which he announced during the Jan. 20 event that he might open here, along with three other restaurants.

“As of 6:30 tomorrow morning, we’re looking at potential three-new restaurant site here in Manila,” he said. “Maybe a Hell’s Kitchen restaurant as well.”

Mr. Ramsay was known as the hothead chef in television shows like Boiling Point, Kitchen Nightmare, Hell’s Kitchen (after which the restaurant is named), MasterChef US, and MasterChef Junior (where, unlike the other shows, his soft side comes to the fore), among many others. The stereotype of the angry chef was once occupied by Frenchmen, and stepping into those shoes marked a renewed culinary dominance for the UK (a land whose food was often disparaged).

RAMSEY RESTAURANTS IN PHL
Mr. Ramsay appeared onstage at 2 p.m., an hour late for the 1 p.m. call time. He had been visiting his restaurant at Newport World Resorts, Gordon Ramsay Bar & Grill, and checking in with the staff. He mentioned that some of them have to travel four hours to go to and from work: “That means so much to me. It reminds me of myself at 22.” The restaurant has been a success since its opening in August 2024: Mr. Ramsay reported receiving 10,000 bookings in its first 30 days.

At the end of the program, Mr. Ramsay held a big check onstage with Kevin Tan, CEO of Alliance Global Group, Inc. which owns Newport World Resorts, and  Nilo Thaddeus Rodriguez, Newport’s President and CEO. The resort, with Mr. Ramsay, pledged P10 million “proudly supporting sustainable food and community development in the Philippines.”

“We focus on training,” he said, responding to a question by host Issa Litton about how he keeps a tight ship. “Having that consistency is crucial for us. We have some academies now popping up around the globe.” While traditional culinary schools offer programs for two or three years, his does it with 60-to-120-day intense training.

“We have an amazing team. I run things, it’s me, but honestly, my team is incredible. They have a huge responsibility,” he said.

IMPORTANCE OF SOCIAL MEDIA
He has recently moved on from TV to become a social media star in his own name, but for him, it’s more than just a game. “I love that intrusion from social media, because we could be in New York and there could be a guest eating lunch here at Bar & Grill, and we’ll get the feedback instantly,” he said. “We take negativity very seriously. We listen to the comments, we listen to the critics. We hold the bar high.”

Even more than that, he encourages chefs to take up space in their social media platforms. Responding to whether it’s harder to be a celebrity than a chef, he said, “They need to know how to market themselves,” pointing out that the culinary students in the audience might well become stars and have their own ventures someday. “As a professional chef, I think they’re a little bit awkward about the intrusion of social media, and so I teach all our kids: embrace it. It’s a great way of establishing confidence… looking at yourself, and judging yourself on a global platform.”

“No one gets to see the 12 hours of prep for the three-minute devour,” he said, nor the early mornings on the bus, or the midnight drives alone. “I think they deserve that platform,” he said. “What that intrusion does, it gives you such evidence. You can learn from that. We never that any of that access growing up in culinary school. Even during my time in France, at 22 years of age… we didn’t have that inter(action). It’s a plus. It’s a big advantage. You learn so much.”

ASIAN CUISINE
Speaking of stars, later in the program, a screen rose above the stage to reveal a mock-up of the MasterChef set, with four local contenders coming onstage: social media cooking star Ninong Ry (Ryan Reyes), award-winning actress (and, yes, trained chef) Judy Ann Santos-goncillo, culinary student Danica Lucero, and the Head Chef at Gordon Ramsay Bar & Grill Philippines Bea Qua. They were each tasked to make halo-halo (a Filipino layered ice dessert), with their own secret ingredients. Ninong Ry made his with coco jam, Ms. Santos made hers with a black sesame polvoron (a milk powder dessert), Ms. Qua made hers with asin tibuok (a local artisanal salt), while Ms. Lucero made hers with a kamias compote (bilimbi or cucumber tree). Ms. Lucero won that day, receiving a signed jacket from Mr. Ramsay as a prize.

Mr. Ramsay discussed what he liked about Asia (hence his expansion here). “Your heritage is incredible,” he said, noting that some basic recipes take multiple generations to develop. “The culture. The complexity of Filipino cuisine. It’s so regionalized as well, which is so lovely.”

He noted that one of his recent finds was a sisig taco from Melbourne — Ms. Litton pointed out that sisig (chopped and grilled pork’s face) goes well with beer, to which he joked that Filipinos don’t like drinking — before lunch, that is.

“We evolve it, we don’t disaparage it. We respect the ingredients,” he said. He noted visiting the market in the morning (Mr. Ramsay was spotted a day after the event at Cubao’s Farmers Market with renowned Filipina chef Margarita Fores). “It’s just awash with incredible ingredients,” he said (which market he went to first, we don’t know).

“I’ve said before: Filipino cuisine for me is like a Sleeping Beauty of Asia. It’s now prominent,” he said. He noted the country’s sweet tooth, meanwhile, noting that we use evaporated milk “in pints.” “I have a very sweet tooth,” he said, remembering a white pudding he had as a child with evaporated milk and sultanas. “These little nuances always take me back to my childhood.”

OF TRENDS AND LESSONS
He also responded to a question about food trends, noting that fermentation might be big this year, but, “The gimmicky ones are the ones I pass on.”

“Understanding what’s important for you, what’s missing in your culinary program, and then focus on that,” he said. “That’s how you stay away from fad trends and get involved with… important longevity trends.”

A student asked him about the lessons that he learned in culinary school and which he still deems important today. “Get comfortable being uncomfortable,” saying that at the age of 18 to 26, one must be “the most energetic sponge.” “Understanding different cultures, crucial. Travel is obvious. Travelling to different cultures, and understanding — you never get… to speak the language, but you can speak through the food, and understanding what they’re about, and learn to master what they’re about it crucial.” — Joseph L. Garcia

Over 80% of PHL organizations hit by cybersecurity breaches in 2024

REUTERS

SOME 84.5% of Philippine organizations experienced an average of three cybersecurity breaches in 2024 amid gaps in third-party cyber risk management, according to a survey by cyber defense company BlueVoyant.

The report showed that 32% of Filipino respondents had “no way” of detecting cybersecurity incidents within their supply chains, slightly higher than the global average of 30%, highlighting significant visibility challenges.

BlueVoyant said around 65% of Filipino organizations either do not or somewhat prioritize third-party cybersecurity risk management, citing a survey conducted by independent market research organization Opinion Matters.

“These findings highlight that Philippine businesses continue to tackle the critical challenge of mitigating supply chain and third-party cyber risks,” William Oh, interim head of Asia-Pacific at BlueVoyant, said in a statement.

“The importance of managing risk across the supply chain cannot be understated, especially as the Philippines remains a prevalent target for cyberattacks like phishing, scam calls, and data breaches,” he added.

According to the survey, 33% of Filipino organizations conduct annual monitoring, BlueVoyant said. However, only 13% do monthly monitoring, significantly lower than Singapore’s 27%.

Meanwhile, 55% of Philippine respondents said they have no autonomous transparency in their supply chain, significantly higher than 39% globally.

The most common solutions for managing third-party cyber risks among Filipino organizations are outsource remediation, which includes working with vendors on mitigation plans (42%), followed by exchanges and market places (36%), and network scanning and penetration tests for third parties (34%).

Despite this, 90% of the surveyed Filipino organizations have increased budgets for their third-party cybersecurity risk management programs, better than the global average of 86%.

These budget increases are expected to drive third-party cyber risk maturity among Filipino organizations, Mr. Oh said.

“While increased budget allocations are encouraging, prioritization of third-party cybersecurity risk in Philippine organizations needs further consideration,” he added.

In its latest State of Supply Chain Defense report, BlueVoyant cited organizations’ increased awareness and adoption of initial strategies in third-party cyber risk management.

“Third-party risk is less of an unknown than when we started this survey five years ago. Organizations are monitoring more vendors, and reporting status to senior leadership has normalized to be in line with reporting on other security measures and risks,” BlueVoyant said.

For 2025, more organizations are seen to continue adopting and building new programs for third-party cyber risk with improved tracking of risky behaviors, it said. These will likely also be integrated into various aspects of security operations.

Third-party risk management will likely rely heavily on automation and artificial intelligence but will have a continued focus on analyst-driven decision making or a “human in the loop,” BlueVoyant added.

Opinion Matters surveyed 2,100 suite leaders on supply chain and cyber risk management from various industries. It covered 11 countries across North America, Europe and Asia Pacific, with 290 respondents from the Philippines. — Beatriz Marie D. Cruz

Guilherme Silva returns as JTI Philippines general manager

JTI Philippines has announced the appointment of its new general manager, Guilherme Silva, effective this month.

“I am excited to be back in the Philippines to lead a very dynamic market where JTI is now the country’s fastest-growing tobacco company in terms of market share,” he said in a press release on Wednesday.

Mr. Silva was the marketing director of the firm in 2011.

Since then, he has held leadership positions in Cambodia, Malaysia, the Western Europe Region, and most recently, he was the general manager of the Iberia cluster, which includes Spain, Portugal, the Canary Islands, Andorra, and Gibraltar, since 2020.

“I look forward to seeing how we continue to grow our portfolio and business through product innovation and consumer-centric programs,” he said.

Mr. Silva also noted JTI Philippines’ Reduced-Risk Products category with its heated tobacco product Ploom and nicotine pouches Nordic Spirit.

The firm said it “demonstrates the company’s commitment to expand its market presence and provide adult Filipino smokers with innovative and high-quality choices to satisfy their needs.”

He succeeded John Freda, who now holds the post of general manager of the Iberia market cluster based in Madrid.

JTI has been growing its presence in the Philippine market since its establishment in 2000. — Aubrey Rose A. Inosante

Delicious ways to welcome the Year of the Wood Snake

FROM Lion and Dragon dances to special meals, coffees, and cakes, Lunar New Year celebrations dot the city around the close of January and the beginning of February. Here are just a few of them.


The Peninsula Manila

THE hotel will hold a traditional lucky Lion and Dragon Dance at The Lobby at the auspicious time of 10:15 a.m. — on the dot — on Jan. 29. The Lobby is also where guests can order an equally lucky Lo Hei (“lucky toss” salad). Meanwhile, guests can feast on a Chinese New Year-inspired buffet in Escolta with 12 auspicious food items.

They can also enjoy special treats from The Peninsula Boutique including edible Chocolate Mandarin Orange or Chocolate Coin trees, and the Chinese New Year Red Date with Ginger Juice Pudding flown in from Hong Kong. For inquiries, call The Peninsula Manila at 8887-2888 ext. 6694 (Restaurant Reservations), or e-mail diningPMN@peninsula.com.or visit peninsula.com.


Okada Manila

OKADA MANILA offers auspicious flavors across its signature restaurants. Indulge in Shanghainese-Chinese cuisine at Yu Lei with the “Banquet of Bountiful Blessings” at P8,800. At Red Spice, a “Fortune-Filled Feast” full of lucky flavors awaits. The limited-time spread is available at P2,800 net person with a minimum of two diners.

For a sweeter start to the year, visit The Lobby Lounge and Pastry Shop for Sweet Prosperity treats including the Mandarin Orange Entremet at P2,550 net and the creamy Milk Chocolate Iris Macadamia Petit Gateaux at P420 net. For details visit https://www.okadamanila.com/good-fortune-begins-okada-manila.


New World Makati Hotel

FROM Jan. 28 to 29, diners can indulge in Jasmine’s special all-you-can-eat dim sum menu, priced at P1,988 net for Jan. 28 lunch and P2,688 net for dinner, and on Jan. 29 for both services. This offer includes a special main dish. Jasmine also has Chef’s Recommendation and Set Menus starting at P29,788 net for a table of 10 persons, accompanied by a nian gao (tikoy) box.

This year, the hotel offers a variety of tikoy options, including a new variant, Green Tea & Rose Prosperity Harmony Two-layered nian gao. This, as well as the classic offerings Abundance Fortune Koi Fish and Fortune Prosperity Round Nian Gao are available at P1,488 net. There is also the Fortune Prosperity Nian Gao with wine, available at P3,388 net. The Lunar New Year is made even sweeter with desserts crafted to symbolize luck and longevity: Mandarin Orange Mousse Cake (a whole cale for P1,500 net), the Longevity Mandarin Orange Fruit Cakes shaped like auspicious mandarin oranges (P1,588 net for a box of six, P280 net per piece), and the Luxe Box which combines the Mandarin Orange Mousse Cake with Chinese-inspired cupcakes and a bottle of red or white wine (P3,188 net). For details visit https://bit.ly/NWMNL_CNY2025 or check the official social media accounts on Facebook and Instagram.


City of Dreams Manila

ON January 29, revelers will witness lion and dragon dances (featuring a 70-ft long dragon) performances by skilled artists from Ling Nam Athletic Association in front of the main casino entrance at 5 p.m. At the main casino lobby, an installation of this year’s Chinese zodiac comes in sapphire hues in celebration of the luxury resort’s 10th anniversary.

City of Dreams Manila’s award-winning Cantonese restaurant, Crystal Dragon, presents a festive a la carte menu, available from Jan. 27 to Feb. 12. It is headlined by the Prosperity Abalone Yee Sang (P2,388++, good for three to four persons per serving). Completing the restaurant’s symbolic Chinese New Year specialties to usher in good fortune are: Buddha Jumps Over the Wall in Rich Golden Broth; Poached Yellow Skin Chicken with Chinese spices and Szechuan pepper oil; and Steamed Live Sea Grouper in homemade spicy “Choi Hiong” sauce, among several other dishes. Crystal Dragon is open daily from noon to 11 p.m. From Jan. 27 to Feb. 2, Nobu Manila highlights luxe Chinese New Year ala carte dinner specials featuring premium turbot and rock lobster platters for up to four persons. Alternatively, the season’s Nobu’s seven-course Omakase menu is also offered. Nobu Manila is open for dinner from 5 to 10 p.m, Sunday to Thursday, and until 11 p.m every Friday and Saturday. Red Ginger’s special ala carte menu includes a “Prosperity” salmon Curry Puff; “Longevity” Crispy Noodles with seafood and gravy; “Wealthy” Braised Pork Belly with Asia spices; “Lucky” Golden Crispy Chicken; and “Fortune” Nian Gao, which features assorted rice cake rolls served with vanilla ice cream and a fortune cookie. For inquiries and reservations, call 8800-8080 or e-mail guestservices@cod-manila.com, or visit www.cityofdreamsmanila.com.


Newport World Resorts hotels

AT THE Newport World Resort’s (NWR) Happy 8 restaurant, enjoy the Lunar New Year Set Menu, a lavish eight-course feast to ring in the Year of the Snake. Priced at P25,722 net for six to eight people, the menu features Steamed Whole Grouper, Wok-Fried Sliced Chicken with Salted Egg and Oats, and Shrimp Toast, among other favorites. For a more traditional offering, Yee Sang, the Chinese New Year’s delicacy believed to bring good luck, is also available for P1,236 net (good for 10 persons). Both are offered from Jan. 25 to Feb. 15. At the lobby of Hotel Okura Manila, Yawaragi restaurant invites guests to a Lunar New Year-themed Special Buffet, available for dinner on Jan. 28, and for both lunch and dinner on Jan. 29, with prices starting at P3,100+. For those seeking a more refined dining experience, the Japanese fine dining restaurant Yamazato offers a Lunar Bento Kaiseki from Jan. 20 to 31 for P4,500+. This bento is available for dinner from 5:30 to 9:30 p.m. At Man Ho in the Marriott Manila, the tradition of Poon Choi comes to life. Known as the “Chinese casserole in a basin,” this dish symbolizes affluence and prosperity, layered with some of the finest ingredients — roasted duck, succulent seafood, fresh vegetables, and more. It’s available at P33,888+ for five people, from Jan. 20 to Feb. 20 only. At the Hilton Manila, Hua Yuan Brasserie Chinoise offers the Grand Fortune Set, a special set menu that includes Yee Sang, Double-Boiled Pork Spareribs with Japanese Conpoy, and Black Truffle Chicken Fried Rice, and is priced at P148,888+ for 10 people. The Sheraton Manila Hotel’s Oori celebrates with limited-time Lunar New Year specialties including Kimchi Mandu Jeongol, a hearty kimchi soup with homemade Korean dumplings. Priced at P1,200 net, the special menu item is available from Jan. 27 to Feb. 28.

Spread good fortune this Lunar New Year with the traditional tikoy (sticky rice cake), hampers, and sweet pastries made for sharing. Happy 8’s tikoy is available from Jan. 20 until Feb. 12 for P600 net. Man Ho at the Marriott Manila is offering a limited set of two pieces of 250gm Koi Fish tikoy in a gold tin can for P988+ and 250 gm and 600 gm Koi Fish tikoy in a premium box for P1,188+. They are available from Jan. 20 to Feb. 20. At Hua Yuan Brasserie Chinoise, choose from a range of hampers. The Deluxe Hamper, priced at P9,888+, includes tikoy, White Rabbit, truffle chocolate, a tea set, and more. For an even grander offering, the Prosperity Hamper (P25,888+) and Fortune Hamper (P45,888+) include luxurious items like Dalmore whiskey, All-You-Can-Eat Yum Cha for two, and more. For those seeking a smaller tikoy gift, the Auspicious Tikoy features two 220 gm Koi Fish tikoy and is priced at P2,488++.

At the NWR property, witness the God of Fortune all throughout the celebration paired with a lion dance, a projection light show, a Chinese instrument soloist, and more from Jan. 28 to 29. The festivities continue with more performances on Feb. 1 to 2, including the dramatic Face Changing and the Monkey King performance. Guests can also look forward to a variety of Chinese Traditional Dances from Feb. 7 to 9, including the Traditional Umbrella Dance, Ribbon Dance, and Lantern Dance.


Solaire Resort North, Solaire Resort Entertainment City

STARTING Jan. 25, Solaire Resort North’s Red Lantern presents the “Lucky Lunar Feast,” featuring two lavish set menus which include Phoenix chicken, Teow Chew-style cod fish, dried oyster, and suckling pig with Prunier caviar available from Jan. 25 to Feb. 2, starting at P4,888+ per set. An extensive dim sum selection including truffle shrimp dumplings and abalone siu mai will be available through the eat-all-you-can “Prosperity Feast” from Jan. 25 to Feb. 2, at P2,688+ per person. Both offers come with a premium traditional Yu Sheng served at every table to ensure a festive start to every guest’s meal. Red Lantern also offers Lunar Fortune Boxes, filled with symbolic foods and premium treats such as a God of Wealth-shaped tikoy, Bird’s Nest Sugar Rock, Black Truffle Abalone, and Kwei Chow Mou Tai, available from P6,888 to P88,888. Meanwhile, a selection of Chinese and global cuisines will be offered for lunch and dinner at Fresh International Buffet’s “Flavorful Fortunes” on Jan. 29 for P3,388++ per person.

Solaire Resort North will feature cultural entertainment and ceremonies at the lobby starting with the Long De Chuan Ren (LDCR) Dragon & Lion Dance Association from Myanmar and the Philippines’ Pagoda Khuan Loke Dragon and Lion Dance Association performing the traditional lion and dragon dance to ward off negative energy. There will be performances between 11 a.m. to 1 p.m. on Jan. 30. Meanwhile, feng shui expert Clement Chan Ting Bong will guide patrons towards balance and harmony this year on Feb. 8 from noon to 6 p.m. For inquiries, visit the Solaire Resort North website at sn.solaireresort.com, call 8888-8888, or e-mail at sn.reservations@solaireresort.com.

At Solaire in the South, there will be fortune readings by renowned Feng Shui Master Clement Chan Ting Bong, and witness the awe-inspiring Dragon and Lion dance by the Myanmar Long De Chuan Ren Dragon and Lion Dance Association at the porte-cochère on Jan. 29.

At the southern branch of Red Lantern, guests can enjoy an exclusive à la carte menu, dim sum buffet, and set menu. The meal begins with the Yu Sheng prosperity toss, and is followed by signature dishes like steamed Boston lobster, stir-fried wagyu beef, steamed live grouper, roasted whole suckling pig, and sliced Peking duck, as well as the premium dim sum selection. The celebration continues at Fresh International Buffet, where highlights include roasted pork belly, poached pork and vegetable dumplings, deep-fried tikoy, baked Chinese snow buns with BBQ honey pork, and wok-fried noodles. For a more intimate celebration, House of Zhou presents a Lunar New Year menu available on Jan. 28 and 29. The special offerings include steamed tiger prawns with glass noodles, claypot-braised pork balls, stir-fried mixed seafood with oyster sauce, and homemade Chinese cabbage dumplings. To complete the meal, guests can indulge in a special rice cake for dessert.

The resort offers Lunar New Year gift hampers filled with festive favorites including baked mango biscuits, tangerine peel five grains, premium red wine, God of Wealth-shaped tikoy, Chinese yam oatmeal, Bird’s Nest Sugar Rock, and ready-to-eat black truffle abalone. The hampers come in three options: Fortune Delights (P6,888), Tastes of Fortune (P12,888), and the Grand Fortune Box (P88,888).

For inquiries and reservations, call 8888-8888 or email reservations@solaireresort.com.


Dylan Patisserie

KNOWN for French-themed patisserie and gourmet café, Dylan Patisserie launches its limited-edition Chinese New Year Lucky Spring Cake. It features layers of rich dark chocolate mousse, almond sponge and dark chocolate sponge with feuilletine crunch, with a red chocolate spray symbolizing good fortune and luck. It is decorated with symbol of prosperity. Also available are special macarons and muffins. The cake and other treats are available at all Dylan Patisserie and Dylan Gourmet Café locations (Jupiter St., Makati; Parqal Mall,; Macapagal Ave.; SM North The Block and Scout Tuazon, Quezon City) and can also be ordered through the website (www.dylanpatisserie.com), or via Grab and FoodPanda for home delivery.


Nespresso

FROM Jan. 18 to Feb. 2, Nespresso is offering its blends packaged in a Lunar New Year-themed sleeve wrap in red and gold. Available in sets of 10 for Original blends and five for Vertuo blends. Nespresso is also reintroducing its limited-edition porcelain cups, specially designed for Lunar New Year 2025.  For a limited time, customers can enjoy 15% off on all Vertuo machines when purchased with one coffee sleeve, while the Essenza Mini is available at 10% off with the purchase of one coffee sleeve. Nespresso is also offering a complimentary limited-edition red foldable tote bag with a gold monogram logo. The bag features interior pockets and is crafted from 100% recycled red polyester pongee. Customers can receive this exclusive tote with the purchase of six Original or Vertuo sleeves.

Nespresso is available online at www.nespresso.ph and in stores located at Power Plant Mall, Podium Mall, Robinsons Magnolia, One Bonifacio High Street Mall, Mitsukoshi BGC, Ayala Center Cebu, SM Mall of Asia, TriNoma, Greenbelt 5, Greenhills Mall, Shangri-La Plaza, Glorietta 4, and Alabang Town Center.

What do you do?

FREEPIK

A JOB TITLE that is easy to explain, like the owner and CEO even of an obscure company dealing with fire extinguishers, satisfies the curiosity of a querying acquaintance. But titles today are getting more complicated and harder to describe. That’s why status symbols are sought, requiring no further elaboration.

When asked what we do, we usually provide a job description, not necessarily the position printed on our calling card. Seldom do we answer that question with activities we do on weekends or at our leisure. (I attend to my bonsai garden at home.)

What we enjoy doing is not always related to our job, or what we do to meet our daily expenses, although the latter helps to support the former. A job with its deliverables, quotas, difficult clients, and bossy superiors, can even be a source of anxiety and pain. And yet it’s something we do again and again.

Of course, if one doesn’t currently have a job, the question of what one is doing becomes problematic. It can result in a short response — I retired last year. Worse, if a person is not yet of retireable age and is simply “between jobs,” how does he answer the question? (Right now, I’m working from home.)

Occupations (as opposed to preoccupations) are limited to activities that are compensated, never mind if adequately. Activities that may absorb us like conversations with friends, meditations on stoic philosophy, or attention to hobbies, are seldom used to describe what we do.

Antoine de Saint-Exupery’s Little Prince, published in 1943, has become a small cult work for looking at life differently: “What is essential is invisible to the eye.” The Little Prince from Asteroid B-612 may well wonder how a person can possibly be defined only by his job and how much money he makes, rather than whether he wears a hat or collects butterflies. The portrayal of a businessman as somebody who counts stars and claims them as his own gives a context of what the Little Prince thinks of the activity of making money.

Leisure, as a worthwhile activity that we do, may be a clearer way to define us and what we consider important. Anyone not hurrying off to a business meeting but to an art gallery or museum must have another kind of priority that absorbs him.

Ideally what we do for a living is enjoyable enough to spend time and effort on. The workplace can offer recognition and promoting the values one espouses. Work and play can be combined to promote a healthy life balance.

Industrialization and the dominance of economic activity (measured in the nation’s GDP) has sanctified work as a means for self-actualization, power, status, and measuring one’s contribution to the common good.

In contemporary thinking, the pursuit of leisure as a goal in itself seems too self-indulgent, permissible only upon retirement. But here again, it is one’s declining contribution and productivity that leads to the end of work, rather than the beginning of leisure. Retirement pay is intended to finance the non-productive and uncompensated joblessness, not to promote the enjoyment of leisure.

Why is ancient Greece remembered not for its workers who may have toiled to build the Parthenon but only for the product of their efforts? If any personalities survive history and are remembered for what we would now consider a leisure activity, it is the Greek philosophers like Socrates, Plato, and Aristotle who are remembered for ideas that shaped our humanitarian view of life. Was it their leisure activity which dealt with the meaning of life that defined what they did? Was that work as we know it? Did they get compensated for their aphorisms? And did they have a day job that enabled them to philosophize?

Work and its demands should not define what we are, or even what we do. It is our legacy and maybe the eulogies that follow us that in the end define who we are… and what we used to do for others.

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

BDO partners with Ashikaga Bank to support Japanese companies in PHL

BW FILE PHOTO

BDO UNIBANK, Inc. has inked a memorandum of understanding (MoU) with Japan’s Ashikaga Bank, Ltd. (ABL) to support Japanese businesses looking to establish or expand their presence in the Philippines.

“In a significant move, BDO Unibank, Inc. and Japan’s Ashikaga Bank, Ltd., signed a business alliance agreement through a memorandum of understanding (MoU) to foster partnership that enables Japanese companies to thrive in the Philippines’ diverse markets,” the listed Sy-led lender said in a statement on Wednesday.

The MoU was executed on Dec. 23. It “aims to further strengthen the relationship between these two banks as BDO provides banking support services to Japanese business entities who are ABL customers and have existing operations or plan to build or expand their business in the country,” it said.

ABL is the 17th Japanese bank that has partnered with BDO. It is based in Japan’s Tochigi Prefecture and has 134 branches, including satellite offices and commercial banking services.

“Incorporated in 1895 with over 70,000 corporate clients, ABL expects to grow its roster of customers in the Philippines with new investments and business matching deals,” BDO said.

BDO’s Japan Desk was established in 2007 and has Japanese-speaking personnel to help market and service Japanese companies operating in the Philippines as well as cater to the retail needs of Japanese customers.

The bank’s net income rose by 12.47% year on year to P60.62 billion at end-September 2024.

Its shares dropped by P1.50 or 1.04% to close at P142.50 apiece on Wednesday. — A.M.C. Sy

PLDT Home rolls out speed add-on promo

PLDT HOME

PLDT HOME Fiber customers can now upgrade their speeds to up to 1 Gigabit per second (Gbps) for an extra P500 monthly under a limited offer that runs until Jan. 31.

To avail of the PLDT Home Speed Add-On upgrade, customers must text “PLDT BOOST” to 225687 and add P500 to their monthly bill. Users can also inquire via PLDT Home sales channels online and in-store or visit http://pldthome.com/speedaddon.

“This new year, elevate your digital experience at home and be among the first to experience gigabit internet with PLDT Home’s limited time offering. As a special treat, PLDT Home is letting customers on Fiber Plans 1699 and higher enjoy speeds of up to 1Gbps until Dec. 31,” the company said in a statement.

PLDT Home said gigabit speeds are up to 10 times faster than the average household connection, enabling better connectivity for multiple users and across multiple and high-bandwidth smart home devices.

“Back in 2013, PLDT Home was the first telco in the country to provide 1 Gbps fiber-to-the-home broadband service. In early 2024, PLDT Home ushered the Philippines into a full-scale Gigabit era with Gigabit Fiber broadband plans that can deliver speeds of up to 10 Gbps. Only a handful of developed countries, including South Korea, Japan, and the United States, are offering these speeds,” it said.

PLDT Home in November launched its “Always On” add-on broadband service for its PLDT Home Fiber customers, which provides a hybrid modem that automatically switches a customer’s connection from fiber to LTE in case of service interruption.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — BVR

Philippines improves in Digital Quality of Life Index

The Philippines rose three spots to 57th out of 121 countries in the latest edition of the Digital Quality of Life (DQL) Index by virtual private network service provider Surfshark. The index assesses and compares the relative performance of a country’s digital well-being based on equally weighted five pillars: internet quality, internet affordability, e-infrastructure, e-government, and e-security. In 2024, the Philippines garnered an overall score of 0.4787, below the global average of 0.4837, but above the Asian average of 0.4628.

Philippines improves in Digital Quality of Life Index

How PSEi member stocks performed — January 22, 2025

Here’s a quick glance at how PSEi stocks fared on Wednesday, January 22, 2025.


PSEi inches up, tracks Trump-driven Wall St. rally

REUTERS

THE MAIN INDEX inched up on Wednesday as the market continued to digest US President Donald J. Trump’s policy comments following his inauguration and amid the ASEAN+3 Macroeconomic Research Office’s (AMRO) bullish view on the Philippine economy.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.12% or 8.13 points to close at 6,348.34 on Wednesday, while the broader all shares index slipped by 0.04% or 1.71 points to 3,698.53.

“The local market bounced back as investors hunted for bargains. Helping in today’s session were the positive cues from Wall Street as well as AMRO’s projection of the Philippines being the second-fastest growing economy in Southeast Asia this 2025,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.

“Philippine shares climbed quietly as investors began to assess the market effects of President Trump’s executive orders. Overnight, US stocks rose on Tuesday as Wall Street viewed President Trump’s trade remarks as softer than expected,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

AMRO said in its Regional Economic Outlook quarterly update report released on Tuesday that the Philippine gross domestic product is projected to expand by 6.3% this year, unchanged from the forecast in December.

This is the second-fastest among Association of Southeast Asian Nations members, behind Vietnam’s 6.5%.

Meanwhile, Wall Street’s main indexes rose on Tuesday, with the S&P 500 and the Dow closing at their highest levels in more than a month as investors assessed Mr. Trump’s first actions as US president and were encouraged that he did not start his second term with blanket tariff increases, Reuters reported.

The Dow Jones Industrial Average rose 537.98 points or 1.24% to 44,025.81; the S&P 500 gained 52.58 points or 0.88% to 6,049.24; and the Nasdaq Composite gained 126.58 points or 0.64% to 19,756.78 to close near its highest level since Jan. 6.

Back home, almost all sectoral indices closed in the red on Wednesday. Mining and oil lost 0.53% or 41.83 points to end at 7,720.43; holding firms decreased by 0.12% or 6.82 points to 5,336.45; financials retreated by 0.07% or 1.67 points to 2,178.87; property inched down by 0.05% or 1.17 points to 2,336.03; and industrials slipped by 0.04% or 3.55 points to 8,918.23.

Meanwhile, services went up by 0.71% or 14.83 points to end at 2,095.79.

Value turnover went up to P4.68 billion on Wednesday with 862.32 million issues changing hands from the P3.87 billion with 1.01 billion shares traded on Tuesday.

Decliners beat advancers, 103 versus 73, while 65 names were unchanged.

Net foreign selling increased to P404.25 million on Wednesday from the P173.15 million on Tuesday. — Revin Mikhael D. Ochave with Reuters

Peso slips as markets await clarity on Trump tariffs

IIIJAOYINGIII-PIXABAY

THE PESO slipped against the dollar on Wednesday as markets continue to react to US President Donald J. Trump first wave of policy announcements.

The local unit closed at P58.51 per dollar on Wednesday, down by two centavos from its P58.49 finish on Tuesday, Bankers Association of the Philippines data showed.

The peso opened Wednesday’s session stronger at P58.35 against the dollar, which was also its intraday best. It dropped to as low as P58.605 versus the greenback.

Dollars exchanged inched down to $1.59 billion on Wednesday from $1.6 billion on Tuesday.

“The dollar-peso traded cautiously as players awaited announcements on Trump’s policies,” a trader said in a phone interview.

The dollar was moving higher early on Wednesday as markets assessed the potential economic impact of Mr. Trump’s policies, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort likewise said in a Viber message. However, the greenback dropped anew later in the day.

For Thursday, the trader expects the peso to move between P58.30 and P58.60 per dollar, while Mr. Ricafort sees it ranging from P58.40 to P58.60.

The dollar struggled to regain ground against major currencies on Wednesday, hovering close to two-week lows as a lack of clarity on Mr. Trump’s plans for tariffs kept financial markets guessing, Reuters reported.

Mr. Trump said late on Tuesday that his administration was discussing imposing a 10% tariff on goods imported from China on Feb. 1, the same day that he previously said Mexico and Canada could face levies of around 25%.

He also vowed duties on European imports, without providing further details.

Despite those threats, a lack of specific plans from Mr. Trump’s first day in office saw the dollar start the week with a 1.2% slide against a basket of major peers. It stabilized on Tuesday, ending flat after an attempted rebound fizzled, with US officials saying any new taxes would be imposed in a measured way.

The dollar index, which tracks the currency against six top rivals, eased 0.1% to 108 on Wednesday, not far from the two-week low of 107.86 it touched on Tuesday.

Mr. Trump on Monday signed a broad trade memorandum, ordering federal agencies to complete comprehensive reviews of a range of trade issues by April 1.

The greenback rose 0.13% to 155.715 yen, edging up slightly from the one-month low it touched the day before. — A.M.C. Sy with Reuters

Philippine Coast Guard issues radio challenge to newly sent China ship

A SCREENSHOT of Chinese Coast Guard vessel 3103 (right) with the Philippine Coast Guard’s BRP Suluan in the South China Sea on Jan. 21, 2025. — PHILIPPINE COAST GUARD

THE Philippine Coast Guard (PCG) on Tuesday issued a radio challenge asking another Chinese vessel to leave its waters near the coast of Zambales province in the country’s north.

In a statement on Tuesday evening, the PCG said BRP Suluan, which replaced BRP Gabriela Silang which had been monitoring Chinese presence within its exclusive economic zone (EEZ) in the South China Sea, issued the radio challenge to China Coast Guard (CCG) vessel 3103.

China Coast Guard 3103 replaced CCG 3304 on Tuesday morning, the Philippine Coast Guard said.

“Despite challenging sea conditions with wave heights of two to three meters, BRP Suluan has maintained close monitoring of CCG-3103, effectively preventing the larger vessel from approaching the Zambales coastline,” it said.

“Furthermore, the PCG vessel has aggressively radio-challenged CCG-3103, asserting that its illegal presence violates the Philippine Maritime Zones Act, the United Nations Convention on the Law of the Sea (UNCLOS) and the 2016 arbitral award,” it added.

The Chinese vessel is one of several ships sent near the Philippine coast and close to the disputed Scarborough Shoal, which China has controlled since 2012.

Philippine authorities have said the Chinese ships had been sent to intimidate Filipino fishermen from entering the shoal.

China claims almost the entire South China Sea, one of the world’s busiest sea lanes. A United Nations-backed tribunal based in the Hague in 2016 voided its claim for being illegal, as it ruled Scarborough Shoal is a traditional fishing ground for Filipino, Chinese and Vietnamese fishermen.

The Philippine Coast Guard replaced BRP Gabriela Silang, which had been monitoring Chinese presence in the area, with the 44-meter multi-role and response vessel BRP Suluan.

The new Chinese ship deployed within the Philippines’ EEZ in the South China Sea is way larger than BRP Suluan, the PCG said.

“Although this new vessel is smaller than its predecessor, it measures 77.7 meters in length and 10.4 meters in width,“ it added.

It said CCG-3304 was about 194.46 kilometers from the Zambales coast as of 9 p.m. on Tuesday. CCG-3103 was conducting illegal patrols off the coast of Zambales, and was 140.752 km from Pundaquit, Zambales it added.

Meanwhile, CCG-5901, which Manila calls the “monster ship,” was 209.3 km away from Zambales but remained within the Philippine EEZ. It was 35.188 km away from Scarborough Shoal.

Manila has accused China of intimidating Filipino fishermen near the shoal and normalizing its “illegal presence” after Beijing sent the monster ship, the world’s biggest coast guard vessel, into the Philippine EEZ on Jan. 4.

Scarborough shoal, which the Philippines calls Bajo de Masinloc, is 241 kilometers off Zambales and is within its 200-nautical mile (370.4 km) EEZ.

“The Philippine Coast Guard remains steadfast in its commitment to safeguarding the country’s maritime interests and upholding international law without escalating tensions,” it said.

The PCG was under the Department of National Defense before it was transferred to the Office of the President in March 1998 through an order issued by the late President Fidel V. Ramos. Less than a month later, he transferred the PCG to the Department of Transportation and Communications, which was split into two into separate agencies in 2016 through a 2015 law signed by the late President Benigno S.C. Aquino III.

The PCG has since been under the Transportation department.

The agency should require its 4,000 new recruits to undergo a crash course on the newly enacted Philippine Maritime Zones Act “for a deeper understanding of current issues, particularly the conflict in the West Philippine Sea,” Senator Francis N. Tolentino said in a statement on Wednesday.

“This would help them better understand the metes and bounds of our territorial sea, international waters, exclusive economic zone, and so on,” said the senator, who heads the Senate Special Committee on Philippine Maritime and Admiralty Zones. “These are basic knowledge but very important, especially when there are challenges.”

Mr. Tolentino said the PCG has 35,000 personnel. The Senate recently passed a bill setting a three-year fixed term for the coast guard commandant.

The measure, which the House of Representatives has passed, allows the coast guard leadership to carry out its plans and programs for the long term, “which would benefit maritime safety and security,” according to PCG spokesman Commodore Algier D. Ricafrente. — K.A.T. Atienza