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P68.9 billion lost annually due to poor mental health in the workforce according to workplace mental health service provider 

PIXABAY

The Philippine economy is losing about P68.9 billion annually as poor mental health continues to weigh on workforce productivity, according to findings presented at the National Mental Health Summit 2025. 

The estimate was presented by workplace mental health service provider Mind You, which said untreated mental health conditions have become a persistent economic burden, largely driven by absenteeism, presenteeism, and reduced productivity across industries. 

The findings were shared during the company’s annual summit held in October. 

Data presented at the summit showed that 77% of Filipino employees screened reported symptoms of depression, with nearly 49.7% experiencing moderate to severe levels that may require professional intervention. 

More than 4% were identified as high risk, showing signs of severe depression or suicidal ideation, equivalent to over 6,000 individuals in the workplace struggling with serious mental health conditions. 

“Mental health is the silent profit leak,” Dr. Fabi Cariño, said in a statement, noting that the impact goes beyond absenteeism to include reduced creativity, weakened morale, and stalled innovation within organizations. 

The findings were drawn from mental health screenings and support data collected by Mind You from employees across multiple organizations. 

The study aimed to provide a clearer measurement of distress, burnout, and fatigue in the workplace, translating what companies often observe anecdotally into quantifiable indicators. 

Among the other notable findings was the prevalence of fatigue, with 77.5% of respondents saying they feel tired often or always. 

The summit also identified key barriers preventing workers from seeking support, including stigma, fear of judgment, concerns over confidentiality, lack of psychologically safe spaces, untrained leaders, and limited access to mental health resources. 

Mind You said that among the 15,000 employees who sought support through its platform, the most common reason cited was the need for “someone to talk to,” noting the importance of early and accessible support systems rather than crisis-driven interventions. 

The National Mental Health Summit, organized annually by Mind You, serves as a venue for presenting data-driven insights on workplace mental well-being and for aligning public and private sector stakeholders on evidence-based approaches. — Edg Adrian A. Eva

Thailand cuts Laos fuel route as Cambodia border conflict deepens

A girl eats a meal at Chong Kal refugee camp on Dec. 11 after evacuation amid deadly clashes between Thailand and Cambodia along a disputed border area in Chong Kal, Oddar Meanchey Province, Cambodia. — REUTERS

BANGKOK/PHNOM PENH — Thailand’s military said on Monday that it has stopped fuel shipments passing through a border checkpoint with Laos because of fears they were being diverted to Cambodia, with which it is fighting a fierce border conflict.

The Thai and Cambodian militaries are clashing at multiple locations along their 817 kilometer (508 mile) land border, both sides said, with no signs of the fighting abating despite international efforts to negotiate a ceasefire, including calls by US President Donald Trump.

A special meeting of Southeast Asian foreign ministers – where top diplomats from both sides could have met – that was scheduled to take place on Tuesday had been pushed back to December 22 at Thailand’s request, the Malaysian foreign ministry said in a statement.

The neighbors have long disputed sections of the frontier, but the scale and intensity of the latest clashes – that stretch from forested inland areas near the Laos border to coastal provinces – are unprecedented in recent history.

Over half a million people have been displaced by the fighting, which has killed at least 38 on both sides over the past eight days, according to national authorities, who mounted a round of evacuations in July when the neighbors clashed for five days before Mr. Trump helped broker a truce.

RESTRICTIONS AT LAOS BORDER CROSSING
Thailand’s military has restricted the movement of all fuel supplies through the Chong Mek border crossing into Laos after receiving intelligence that these were being routed to Cambodian troops, said Thai defense ministry spokesperson Rear Admiral Surasant Kongsiri.

“Our intention is not to cause impacts on the Lao people or government,” he said at a press conference.

The Laotian Foreign Ministry did not immediately respond to an email seeking comment.

The military is also considering limiting the movement of Thai vessels into “high-risk areas” in Cambodian waters where they could be fired upon, a navy official said, adding that any such measures would not impact shipments from other countries.

A sizeable portion of Cambodia’s refined fuel imports such as gasoline, gasoil, and jet fuel comes via the sea route, according to multiple trade sources, though an exact percentage of market share could not be confirmed.

Singapore is currently the largest supplier of these fuels to Cambodia, Kpler ship-tracking data showed, with volumes so far this year totaling around 915,000 metric tons.

Volumes from Thailand have fallen to around 30,000 tons this year, from less than 180,000 tons last year, the data showed.

In a statement issued on Friday, Thailand’s energy ministry said there had been no exports of oil to Cambodia after July.

DRONE ATTACKS AND AIRSTRIKES
Fighting is continuing at least nine locations along the frontier, with heavy exchanges of firing across four border provinces, including at the coast, Thai defense ministry spokesperson Mr. Surasant said.

Cambodia said Thai forces had used drones and heavy artillery at multiple areas, alongside deploying its F-16 fighter jets for airstrikes in Siem Reap Province, which houses the country’s second-largest city and the major tourist center of Angkor Wat.

“It is also noteworthy that the number of fighter jets and cluster bombs used by the Thai military to attack Cambodia has been increasing significantly,” Maly Socheata, Cambodia Defense Ministry spokesperson, said in a briefing.

Thailand’s military is vastly superior to that of its neighbor, including a much larger navy and one of the best-equipped and trained air forces in Southeast Asia that has a fleet of 28 F-16s and 11 Swedish Gripen fighter jets.

Thailand and Cambodia accuse each other of moves that led to a breakdown of July’s Trump-brokered truce, which was expanded into a wider agreement to help settle the conflict in October.

Bangkok insists that any end to the current fighting must start with a cessation of hostilities by the other side and a clear ceasefire proposal, even as Phnom Penh maintains that it is defending itself against military actions by its neighbors. — Reuters

Aligning Land Use and Development Plans for Smarter Investments

The Comprehensive Land Use Plan sets the foundation for the Comprehensive Development Plan, which in turn guides the investments for projects tailored to each province’s needs.

The budget provided by the Department of Budget and Management should be based on the Comprehensive Development Plan, said Mylene A. Rivera, assistant secretary of the Department of Human Settlements and Urban Development. It should, in turn, be anchored on the city or municipality’s long-term land use plan.

Several Philippine government agencies have signed a MoA to harmonize this planning process nationwide, Ms. Rivera said.

Related story:
Philippines now turns to technology after flood control projects vanish – BusinessWorld Online

Interview by Patricia Mirasol
Video editing by Richard Mendoza

A. O. Smith Corporation: A 150-year-old American water technology leader strengthening its presence in the Philippines

A. O. Smith Corporation (NYSE: AOS), a 150-year-old American brand and a global leader in water heating and water treatment solutions, continues to expand its presence in the Philippines, a market it has served for 26 years since 1999.

Founded in 1874, A. O. Smith began as a small machine shop in Milwaukee and has since evolved into one of the world’s most respected names in water heating technology. Its long-standing heritage is built on engineering innovation, reliability, and superior product performance. Today, A. O. Smith employs more than 12,700 individuals across operations in the United States, Canada, Mexico, China, India, the United Kingdom, and the Netherlands, with a broad product portfolio that includes water heating products, water treatment products, and air purifiers. A. O. Smith’s products are marketed in more than 60 countries around the world.

In the Philippines, A. O. Smith’s advanced water heating systems play a vital role across industries such as manufacturing, food service, hospitality, resorts, condominiums, and residential developments. The brand is trusted by discerning Filipino consumers as well as high-end hotels, resorts, and prominent builders nationwide for its durability, reliability, and consistent output. Amici has been distributing A. O. Smith premium storage water heaters in the Philippines since 1999.

As a global leader, A. O. Smith continues to invest in product innovation and manufacturing expansion to meet increasing demand. The company recently announced the opening of a “new Product Development Center (PDC) in Lebanon, Tennessee, a 60,000-square-foot state-of-the-art research and development facility,” reflecting the company’s commitment to innovation.

Amici Mercantile, authorized distributor of A.O. Smith

In the Philippines, A. O. Smith’s operations are fully supported by Amici Mercantile, its authorized distributor. Amici has been distributing A. O. Smith premium storage water heaters in the Philippines since 1999, including a wide range of hybrid heat pump heaters — a renewable energy solution for efficient water heating. Amici operates from its head office at Mayon Corporate Center, 60 Mayon St., Quezon City, 1114 Metro Manila, ensuring dependable product availability and superior technical support nationwide.

 


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Father and son behind Bondi Jewish festival shooting that killed 15, Australian police say

BONDI BEACH — BW FILE PHOTO

SYDNEY — Two alleged gunmen who killed 15 people at a Jewish celebration at Sydney’s Bondi Beach were a father and son, police said on Monday, as Australia began mourning victims of its worst gun violence in almost 30 years.

The father, a 50-year-old, was killed at the scene, taking the number of dead to 16, while his 24-year-old son was in a critical condition in hospital, police said at a press conference on Monday. The father and son were identified as Sajid Akram and Naveed Akram, respectively, by state broadcaster ABC and other local media outlets.

Officials have described Sunday’s shooting as a targeted antisemitic attack.

Forty people remain in hospital following the attack, including two police officers who are in a serious but stable condition, police said. The victims were aged between 10 and 87.

Witnesses said the attack at the famed beach, which was packed on a hot evening, lasted about 10 minutes, sending hundreds of people scattering along the sand and into nearby streets.

Police said around 1,000 people had attended the targeted Hanukkah event, which was held in a small park off the beach.

A bystander captured on video tackling and disarming an armed man during the attack has been hailed as a hero whose actions saved lives. 7News Australia named him as Ahmed al Ahmed, citing a relative, who said the 43-year-old fruit shop owner had been shot twice and had undergone surgery.

A fundraising page for the man had raised more than A$350,000 ($233,000) by Monday afternoon.

Police did not release the shooters’ names, but said the father had held a firearms license since 2015 and had six licensed weapons.

Home Minister Tony Burke said the father arrived in Australia in 1998 on a student visa, while his son is an Australian-born citizen.

Police did not provide details about the firearms, but videos from the scene showed the men firing what appeared to be a bolt-action rifle and a shotgun.

“We are very much working through the background of both persons. At this stage, we know very little about them,” New South Wales Police Commissioner Mal Lanyon told reporters.

Bondi local Morgan Gabriel, 27, said she had been heading to a nearby cinema when she heard what she thought were fireworks, before people started running up her street.

“I sheltered about six or seven. Two of them were actually my close friends, and the rest were just people that were on the street. But people, their phones had been left down the beach, and everyone was just trying to get away,” she said.

“It’s a very sad time this morning… Normally, like on a Monday or any morning, it’s packed. People are swimming, surfing, running. So this is very, very quiet. And there’s definitely a solemn sort of vibe.”

A makeshift memorial with flowers and Israeli and Australian flags was set up at the Bondi pavilion and an online condolence book was established. Police and private Jewish security guards wearing earpieces were positioned around as mourners paid respects and laid flowers.

WORLD LEADERS CONDEMN THE ATTACK
Authorities said they were confident only two attackers were involved in the incident, after previously saying they were checking whether a third offender was involved.

At the suspects’ home in Bonnyrigg, a suburb around 36 kilometers (22 miles) west of the CBD, there was a heavy police presence on Monday, with a cordon wrapping around several neighboring houses.

Australian Prime Minister Anthony Albanese visited Bondi Beach on Monday morning to lay flowers near the scene of the attack.

“What we saw yesterday was an act of pure evil, an act of antisemitism, an act of terrorism on our shores in an iconic Australian location,” Mr. Albanese told reporters.

“The Jewish community are hurting today. Today, all Australians wrap our arms around them and say, we stand with you. We will do whatever is necessary to stamp out antisemitism. It is a scourge, and we will eradicate it together.”

Mr. Albanese later urged Australians to light a candle in solidarity with the Jewish community “to show that light will indeed defeat darkness – part of what Hanukkah celebrates”, he said.

Mr. Albanese said several world leaders including US President Donald Trump and French President Emmanuel Macron had reached out and offered condolences and support.

Sunday’s shootings were the most serious in a string of antisemitic attacks on synagogues, buildings, and cars in Australia since the beginning of Israel’s war in Gaza in October 2023.

Israeli Prime Minister Benjamin Netanyahu said he had warned Mr. Albanese that Australia’s support for Palestinian statehood would fuel antisemitism.

In August, Australia accused Iran of directing at least two antisemitic attacks and gave Tehran’s ambassador a week to leave the country.

‘SAW BODIES ON THE GROUND’
Mass shootings are rare in Australia, one of the world’s safest countries. Sunday’s attack was the worst since 1996, when a gunman killed 35 people at the Port Arthur tourist site in the southern island state of Tasmania.

Rabbi Mendel Kastel, whose brother-in-law Eli Schlanger was killed in Sunday’s attack, said it had been a harrowing evening.

“You can very easily become very angry and try to blame people, turn on people but that’s not what this is about. It’s about a community,” he said.

“We need to step up at a time like this, be there for each other, and come together. And we will, and we will get through this, and we know that. The Australian community will help us do it,” he added.

Local woman Danielle, who declined to give her surname, was at the beach when the shooting occurred and raced to collect her daughter, who was attending a bar mitzvah at a function center near where the alleged shooters were positioned.

“I heard there was a shooting so I bolted there to get my daughter, I could hear gunshots, I saw bodies on the ground. We are used to being scared, we have felt this way since October 7.”

Hamas militants attacked Israel on October 7, 2023, killing around 1,200 people, according to Israeli tallies. The attack precipitated Israel’s war in Gaza, which has killed more than 70,000 Palestinians, according to Gaza health authorities.

Australia’s Jewish diaspora is small but deeply embedded in the wider community, with about 150,000 people who identify as Jewish in the country of 27 million. About one-third of them are estimated to live in Sydney’s eastern suburbs, including Bondi.

Major cities including Berlin, London, and New York stepped up security around Hanukkah events on Sunday following the attack at Bondi. — Reuters

Ex-South Korea President Yoon tried to provoke Pyongyang into armed aggression, prosecutor says

South Korean President Yoon Suk Yeol delivers a speech to declare martial law in Seoul, South Korea, December 3, 2024. The Presidential Office/Handout via REUTERS/File Photo

SEOUL — Former South Korean President Yoon Suk Yeol tried to provoke North Korea into mounting an armed aggression to create justification for the December 2024 martial law declaration and to eliminate political opponents, a special prosecutor said.

The special prosecutor, Cho Eun-seok, told a briefing on Monday his team had indicted 24 people, including Mr. Yoon and five cabinet members, for their alleged involvement during his six-month investigation on insurrection charges.

“We known well from historic experience the justification given by those in power for a coup is only a facade and the sole purpose is to monopolize and maintain power,” Mr. Cho said.

Mr. Cho said his team has confirmed an elaborate scheme allegedly masterminded by Mr. Yoon and his defense minister, Kim Yong-hyun, going back to October 2023 to suspend the powers of parliament and replace it with an emergency legislative body.

“To create justification for declaring martial law, they tried to lure North Korea into mounting an armed aggression but failed as North Korea did not respond militarily,” he said.

The special prosecutor’s team has previously accused Mr. Yoon and his military commanders of ordering a covert drone operation into the North to inflame tensions between the neighbors.

Subsequently, Mr. Yoon conspired to brand those who are politically against him, including then-leader of his conservative People Power Party, as anti-state forces and declared martial law when he had no justification, Mr. Cho said.

Mr. Cho was among three special prosecutors appointed after President Lee Jae Myung was elected president in a snap election called after Mr. Yoon’s removal by the Constitutional Court in April.

Mr. Yoon is currently on trial for insurrection, which on conviction is punishable by life in prison or even the death penalty. His former ministers and other officials face various charges stemming from the failed martial law attempt.

Parliament controlled by the liberal Democratic Party voted to void Mr. Yoon’s decree within hours of his declaration late night on December 3 last year and later impeached him for violating the duties of his office.

His wife, Kim Keon Hee, is under a separate special prosecutor probe for corruption stemming from activities during and before Mr. Yoon’s presidency.

Mr. Yoon has said it was within his powers as president to declare martial law and he did it to sound the alarm over the opposition parties’ abuse of parliamentary control that was crippling the work of government. He said no harm was done to the country by his martial law decree.— Reuters

Brittany bags Best Lifestyle Developer Award in regional tilt

Brittany, the luxury leisure and residential arm of the Villar Group, was named Best Lifestyle Developer at the recently held Dot Property Southeast Asia Awards 2025 in Bangkok, Thailand.

This prestigious regional award firmly places Brittany alongside Southeast Asia’s leading developers that are known for defining modern, sophisticated lifestyle-driven communities.

A distinct achievement

It comes as no surprise that Brittany bagged this recognition.

Known for building master-planned communities that were inspired by some of the world’s most admired destinations, Brittany has always put a premium on elegance, greenery, and elevated living. For decades now, Brittany has rightfully established itself as a significant force in the Philippines’ high-end residential market.

This foundation makes the company’s latest accolade both fitting and well-earned.

The Best Lifestyle Developer award is given to companies that excel in designing communities where daily life is enhanced through well-planned spaces, strong amenities, and environments that support both personal and family well-being. Brittany distinguished itself through developments that consistently bring together thoughtful design, accessible open spaces, and architecture that blends naturally with their surroundings.

In a region known for intense competition in lifestyle-led residential development, this win marks a meaningful step forward for the Philippines. It shows that Filipino developers can now excel in categories where user experience, community planning, and overall livability — not just building quality — are rigorously assessed.

It should be noted that the DOT Property Southeast Asia Awards is one of the region’s respected award-giving bodies, recognizing developers and projects that demonstrate excellence, innovation, and strong execution. Winners are selected from top developers across Southeast Asia, making the recognition both credible and competitive.

Escana

Delivering lifestyle, leisure communities

Today, Brittany continues to deliver well-planned lifestyle and leisure communities strike a careful balance between beauty and functionality. Walkable environments, generous open areas, and architecture designed to suit each site all contribute to communities that promote a healthier and more convenient way of life.

These attributes reflect Brittany’s long-standing approach to premium residential development — measured, deliberate, and centered on how residents move through and enjoy their surroundings.

These can be readily seen in its existing developments like the 124-ha Crosswinds in Tagaytay City, a Swiss-inspired estate that brings to the country the Alpine experience. This premium enclave is defined by its rolling terrains, cool climate, and over 35,000 pine trees, creating an atmosphere reminiscent of a European countryside lifestyle. Think Swiss-inspired chalets, pine-lined roads, pocket retail concepts, and view decks overlooking ridges and forests.

Enriching environments

Forresta

Its upcoming developments further showcase Brittany’s expertise in creating enriching, lifestyle-focused environments.

The 26-ha Pievana in Sto. Tomas, Batangas and the 5-ha Forresta in emerging Villar City gave prominence to biophilic design, restorative spaces, and nature to be able to provide sanctuaries where residents can disconnect from urban intensity while remaining connected to modern comforts. These are low density, enriched with green corridors, walkable layouts, and integrated lifestyle components.

Up and coming leisure communities like Bern in Baguio City and Escana in Boracay Island, address a growing preference for properties that deliver climate advantage, experiential value, and income potential.

Bern

Strengthening Philippine footing

Beyond reinforcing its position locally, Brittany’s latest accolade also strengthens the Philippines’ footing in the premium segment, where expectations continue to rise and where developers must prove they can deliver both quality and consistency.

It also signals that Filipino firms are capable of producing lifestyle-focused communities that meet regional benchmarks in planning, design, and overall user experience.

Definitely, the Philippines can now compete in lifestyle development at a regional level and win.

For more information on Brittany’s collection of luxury properties, visit www.brittany.com.ph and follow its Facebook, Instagram, and YouTube.

 


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The Victor wins Best Landmark Design in The PropertyGuru Asia Property Awards

Robinsons Land President and CEO Mybelle V. Aragon-GoBio (center) celebrates with company executives after the team clinched 7 major awards and nominated as finalist in 16 categories at the PropertyGuru Asia Property Awards in Bangkok, Thailand — a proud moment for Filipino excellence on the regional stage.

The Victor is a victor. The 55-meter public landmark by Robinsons Land (RLC) has just received the award for Best Landmark Design at The PropertyGuru Asia Property Awards, besting other landmarks in the region.

“The Victor embodies the Filipino spirit — resilient, ambitious, and unwavering in its pursuit of greatness. Getting the Best Landmark Design award is a triumph we share with every Filipino. We are grateful to The PropertyGuru Asia Property Awards for this recognition, which celebrates our vision and the excellence of our people,” said Mybelle Aragon-GoBio, President and CEO of RLC.

It’s just one of multiple accolades RLC received at the awarding ceremony held in Bangkok, Thailand on Dec. 12. RLC was declared Best Luxury Developer. Robinsons Hotels & Resorts was awarded Best Hospitality Developer. The Mall | NUSTAR was given the award for Best Lifestyle Retail Development. work.able GBF Center 1 won Best Co-Working Space. The Residences at The Westin Manila was declared Best Completed Luxury Condo Development. SYNC was awarded Best Mid-End Condo Development. The recognition comes at a particularly meaningful time, as RLC celebrates its 45th anniversary, highlighting decades of excellence and the company’s standing as one of the most trusted and most diversified real estate property developers in the Philippines.

“The breadth of recognitions we received at this year’s Asia Property Awards reflects RLC’s deep commitment to elevating Filipino excellence across every segment we serve,” said Aragon-GoBio. “From hospitality and retail to workspaces and residences, each award is a testament to our team’s dedication to creating developments that build better lives. And at the heart of these achievements stands The Victor, which is testament to our passion and our belief in what the Filipino can accomplish.”

Since it was unveiled in 2023, The Victor has become a symbol of the hardworking Filipino: strong, steadfast, always rising, and thriving wherever they are — in the Philippines and out in the world.

Robinsons Land President and CEO Mybelle V. Aragon-GoBio (left) and Robinsons Destination Estates General Manager Trina Cipriano accept the Best Landmark Design (Asia) Award from PropertyGuru for The Victor, a towering urban landmark in Bridgetowne designed by renowned Filipino-American artist Jefrë.

Designed by Jefrë, a globally celebrated Filipino-American artist known for his monumental works and commitment to cultural storytelling, The Victor stands proudly, pumping his fist in triumph, at Bridgetowne Destination Estate, RLC’s 32-hectare master-planned development that straddles Quezon City and Pasig. It’s an urban landmark and a cultural touchstone in the middle of a thriving community — a modern Filipino icon that draws visitors of all ages. It’s more than just something to look at. The Victor is something to experience, share, and take pride in, it’s a landmark that truly belongs to the people.

Transforming urban landscapes and elevating communities

Over the years, RLC has consistently demonstrated a vision that goes beyond constructing buildings — it strives to transform urban landscapes, elevate communities, and create developments that endure as cultural and economic landmarks. The Victor stands as a concrete example of this philosophy, merging architectural innovation with the company’s commitment to nation-building.

Aragon-GoBio said, “We at RLC are also inspired by The Victor. From world-class landmarks to integrated lifestyle estates, RLC remains committed to building developments that elevate communities, enhance urban landscapes, and contribute to long-term economic growth.”

RLC’s stock rose 20.45% YTD to P16.02 as of Nov. 30, 2025, supported by continued strategic execution under President and CEO, Mybelle V. Aragon-GoBio. Investors are responding positively to Vision 5-25-50, the company’s roadmap anchored on five levers designed to deliver P25 billion in net income by 2030. The strategy accelerates investment expansion, asset monetization, premiumization, partnerships, and new customer experience-driven business ventures. The improving share price reflects market confidence in the company’s long-term and value-creating direction.

The company’s strong performance extends to the financial markets. RLC’s stock has outperformed peers, rising 20% year-to-date, while offering a 5.7% dividend yield, the highest among listed real estate companies on the Philippine Stock Exchange (PSE). This reflects investor confidence in RLC’s sustainable growth, diversified portfolio, and strategic positioning in both mature and emerging urban areas.

Aragon-GoBio said, “The Victor represents more than an architectural achievement — it embodies RLC’s commitment to shaping the future of Philippine cities. As we continue to expand our portfolio and redefine urban landscapes, we remain driven by the belief that quality, innovation, and purpose go hand in hand.”

 


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Generational Money Mindsets: Spending, Saving, and Investing

How Filipinos across generations are redefining what “money” means to them

From Gen Z’s side hustles to Boomers’ legacy plans, money means different things to every generation. For some, it’s freedom, while for others, it’s security, comfort, or survival. And over the last decade, with the pandemic period having a major impact, the Filipino relationship with money has transformed in different ways.

Since 2015, Acumen has tracked how Filipino generations think, spend, save, and invest. What we’re now seeing in 2025 through Project Alphabet is not just a change in financial behavior, it’s a complete shift in meaning. Filipinos today think about money with far more intentionality, discipline, and long-term focus than ever before.

  1. From Survival to Intentionality: The Pandemic Effect

If finances in 2015 was a source of aspiration and stress for Filipinos, finances in 2025 has come to be defined by something new: Intentionality toward financial stability. Before the pandemic, many Filipinos, especially the younger generations, viewed money through a day-to-day lens. Budgets were flexible, purchases were spontaneous, and “future planning” felt like something only older generations worried about.

But the pandemic created a collective awakening. It reminded every Filipino, regardless of age, that life can change overnight. Uncertainty became real. Stability can disappear overnight, emergencies can happen anytime, and financial preparedness is not optional.  Financial security now represents independence and peace of mind.

  1. Money Has Shifted in Meaning Across Generations

For Gen Z and Millennials, money represents freedom with responsibility and independence. Gen Zs seek independence, spending on experiences and things that they deem meaningful for them and worth their hard-earned money. Millennials desire the ability to spend without guilt, balancing indulgence with discipline while keeping family obligations in mind. Both generations want as much money as possible not for status, but for the ability to live comfortably without anxiety, guilt, or reliance on others.

For Gen X and Boomers, money continues to symbolize provision and duty. They take pride in giving their families a comfortable life, settling obligations first, and finding fulfillment in providing. For them, financial security is not just a personal goal, it is a legacy to sustain their loved ones.

This cross-generational shift is the backdrop of everything else. It reshapes how each generation spends, saves, spends, invests, and aspires.

  1. Savings at the Forefront

Saving has now become a great equalizer across generations — a behavior once associated only with older generations. Today, every generation treats savings as a non-negotiable, with Gen Zs building emergency funds earlier, older generations reinforcing their buffers, and families openly discussing financial planning in ways that used to be somewhat taboo.

Saving is no longer just a mathematical exercise, it is emotional. Though motivations differ, the mindset is shared: Savings give security, and in today’s world, that security is what gives Filipinos confidence, calm, and control over their future.

Across all age groups, saving has become more intentional and disciplined.

  • Gen Zs save to gain independence, using digital banks, e-wallet pockets, and micro-investing apps to build small but consistent buffers.
  • Gen Ys save to achieve financial freedom without guilt, the ability to enjoy life without compromising responsibilities.
  • Gen Xers save to secure a comfortable life for their family, prioritizing education funds, insurance, and future-proofing the household.
  • Boomers save to continue supporting not just themselves but also their children and even their grandchildren. They are focusing on health, legacy, and stability.
  1. Spending Mindset: Practical, Intentional, Family-First

Across all generations, a clear shift is visible: practicality is the new priority, and Filipinos now spend only on what truly matters. Each generation has quietly redefined value — favoring intentionality, quality, and family-first consumption. In this new era, every peso must serve a purpose, reflect responsibility, and support the people who matter most.

Gen Zs, raised in a world of constant trends and temptations, are learning to minimize impulsive  purchases made on a whim. They’ll still spend for the things that spark joy, but only if the purchase feels sulit and genuinely “mapapa-happy talaga ako.” For them, value is emotional and practical at the same time: enjoy life, but never irresponsibly.

Gen Ys echo this mindset but from a more mature, life-stage perspective—rewarding themselves occasionally, but only after family needs are secured. They’ve embraced delayed gratification, choosing to spend for themselves only when the essentials and obligations of the household are covered.

Meanwhile, Gen X and Boomers remain anchored in a family-first spending mindset — prioritizing needs over wants, choosing durability over trendiness, and finding joy in providing for children and especially grandchildren. When extra funds allow, they reward themselves as a well-earned payoff after years of hard work, but practicality continues to guide their everyday decisions.

  1. Investing Mindset: Growing Wealth While Safeguarding What Matters

Across generations, Filipinos now see investing as a pathway to freedom, protection, and long-term possibility — a shift driven by both experience and aspiration.

  • Gen Z and Gen Ys prefer passive, low-effort investment routes such as real estate, condos for rent, or gold, largely because their focus is still on building careers or businesses. But once they understand something deeply, they become surprisingly aggressive (e.g. automating crypto or forex trading, or venturing into new business categories after researching financial returns.) As one Gen Y said, “Wala namang nagturo sa akin mag-invest — nag-search lang ako online. Trial and error talaga.”
  • Gen X and Boomers, meanwhile, gravitate toward stable, appreciating assets they can pass on to their families (e.g. house and lot, farms, MP2, gold jewelry, or rental properties) always guided by the belief that wealth built slowly and safely protects the next generation. For them, investing is never impulsive; it is deliberate, sustainable, and rooted in stewardship.

Within this broader investment mindset, insurance has emerged as one of the most valued and universal forms of protection. What used to be seen as a product you “only benefit from when you’re gone” is now understood as a smart financial shield — something that secures health, safeguards income, and ensures family stability no matter what happens.

  • A Gen Z captures it simply: “Insurance is peace of mind.”
  • Gen Ys now appreciate its living benefits — “Ngayon, may value na habang buhay ka.”
  • Gen X and Boomers consider insurance as something that is intertwined with responsibility and legacy: “Meron akong life insurance. Para sa pamilya ko ‘pag wala na ako,” “Importante talaga insurance… may maiiwan ka sa pamilya.”

Across all generations, insurance has become both an investment and a safety net — offering stability, emotional assurance, and the confidence that families will be protected in the present and in the future.

What this multi-generational story shows us is simple but powerful: Filipinos are no longer managing money just for survival, they’re managing it with intention. At the end of the day, money has become more than currency, it’s a reflection of the Filipino’s hopes, fears, values, and dreams.

And as these generational money mindsets continue to evolve, business leaders who stay fluent, empathetic, and forward-looking will be the ones who build brands and organizations that truly connect, serve, and endure. — Kristine Joyce Erni Santos, Program Director and Strategist for Commercial Strategy, Acumen (www.acumen.com.ph)

 


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‘Unspeakable tragedy’: Bondi residents react to mass shooting

BONDI BEACH — BW FILE PHOTO

SYDNEY — Stories of horror and heroism emerged as Australians mourned the 15 people killed by two gunmen at Sydney’s Bondi Beach during a Hanukkah event.

Police said two shooters, a father-son duo, opened fire on the crowd gathered for the Jewish festival beside the landmark Sydney beach late on Sunday, in the worst shooting in Australia in three decades.

The 50-year-old father was killed at the scene while his 24-year-old son was in a critical condition in hospital, police said.

A man identified by Australian media as 43-year-old Sydney fruit shop owner Ahmed al Ahmed has been hailed as a hero for tackling and disarming one of the gunmen during the attack.

Video captured by a bystander shows the man identified as Mr. Ahmed creeping through a carpark before tackling the gunman from behind. He was shot by the second gunman and remains in hospital, police said.

“There are many, many people alive tonight as a result of his bravery,” said Chris Minns, the premier of New South Wales state.

More tales of heroism came to light on Monday as mourners returned to the area to leave flowers at a makeshift memorial near the beach’s headlands. Private security guards gathered near the site as Jewish leaders visited.

Kellie Sloane, the state opposition leader whose electorate covers Bondi, was at the beach when the shooting happened and said she saw many people risking their lives to help others.

“I saw the acts of heroism firsthand, what they did, supporting people, trying to save people, was extraordinary,” she said.

“I went in and tried to do my best like so many other locals. It was an incredibly confronting scene, there were bodies everywhere, people working trying to revive people.

“Everyone did their best trying to support those who were in shock, no one knew what to do and everyone pulled together. When I arrived I could hear a couple of shots but everyone was working on the wounded, we held the hands of people who were passing away, we looked after the people who were in shock.”

‘WE CAN MOVE FORWARD’
Bondi resident Morgan Gabriel, 27, said she sheltered a few people who ran from the gunshots.

“It’s just, it’s a very sad time this morning… I’m here every day and normally, like on a Monday or any morning, it’s packed. People are swimming, surfing, running. So this is very, very quiet. And there’s definitely a solemn sort of vibe,” she said.

Trent Tur, 18, was in the water when the shooting started.

“Unfortunately I saw a couple of dead bodies, it was the worst feeling, words couldn’t describe it,” he said.

“Honestly it’s terrible. As a community we can move forward from this, it will be hard but the spirits, the Australian spirit in Bondi is very high and we can move forward.”

Waverley Mayor William Nemesh, a Jewish man whose council covers Bondi, said the community was in shock and mourning.

“It is an unspeakable tragedy that has occurred, a deliberate terrorist attack, cowardly attack targeting innocents enjoying Hannukah. We are tight-knit, we are close, everyone knows someone who has been affected. It truly is devastating,” he said.

Mr. Nemesh said many in Sydney’s Jewish community did not feel safe, particularly after the October 7, 2023 attacks on Israel by Hamas and other Palestinian Islamist factions that triggered the Gaza war.

“But this is just beyond what anyone thought was possible and could happen on Bondi Beach,” he said.

“It’s no coincidence this occurred the first night of Hanukkah, a joyous festival that is about bringing light into the world and the light triumphs the darkness.”— Reuters

China, Saudi Arabia agree to strengthen coordination on regional, global matters

REUTERS

BEIJING — China and Saudi Arabia agreed to have closer communication and coordination on regional and international issues, with Beijing lauding Riyadh’s role in Middle East diplomacy, statements following a meeting between the nations’ foreign ministers on Sunday showed.

Chinese Foreign Minister Wang Yi is on a three-nation tour in the Middle East that began in the United Arab Emirates and is expected to end in Jordan. He met with Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Al-Saud in Riyadh on Sunday.

A joint statement published by China’s official news agency Xinhua did not elaborate on what issues the countries will strengthen coordination on, but mentioned China’s support for Saudi Arabia and Iran developing and enhancing their relations.

“(China) appreciates Saudi Arabia’s leading role and efforts to achieve regional and international security and stability,” the statement released on Monday said.

The statement also reiterated both countries’ support for a “comprehensive and just settlement” of the Palestinian issue and the formation of an independent state for Palestinians.

At a high-level meeting, Mr. Wang told his Saudi counterpart that China has always regarded Saudi Arabia as a “priority for Middle East diplomacy” and an important partner in global diplomacy, a Chinese foreign ministry statement on Monday said.

He also encouraged more cooperation in energy and investments, as well as in the fields of new energy and green transformation.

The countries have agreed to mutually exempt visas for diplomatic and special passport holders from both sides, according to the joint statement.— Reuters

Person of interest detained in fatal mass shooting at Brown University

STOCK PHOTO | Shooting gun photo created by senivpetro - www.freepik.com

PROVIDENCE, Rhode Island — A man was taken into custody on Sunday at a Rhode Island hotel and held as a “person of interest” in the Brown University shooting that left two students dead and nine wounded amid year-end final exams at the Ivy League school, authorities said.

Providence Police Chief Oscar Perez said at a midday news conference that the person detained in connection with Saturday’s gun violence was in his 20s but declined to share further details. Mr. Perez said earlier on Sunday that authorities were not seeking other suspects at this time.

Detectives anticipated that the person in custody would be formally charged Sunday night, city public safety spokesperson Kristy DosReis said.

Other news media outlets, including the Washington Post and NBC News, cited unnamed sources identifying the man as military veteran Benjamin Erickson, 24, who previously resided in Wisconsin.

A person by the name of Benjamin W. Erickson served as a US Army infantryman from May 2021 to November 2024, leaving the service with the rank of specialist without ever being deployed, military officials told Reuters. But they could not confirm whether he was the man detained over the Brown University shooting.

FBI Director Kash Patel earlier Sunday said in a post on X that the person of interest had been detained in a hotel room in the Rhode Island town of Coventry, a 30-minute drive from the Brown campus. An FBI team specializing in cellular data analysis used geolocation information to track the suspect, Mr. Patel said.

The mass shooting — the latest of nearly 400 in the US this year, according to the Gun Violence Archive — shook the community at the university, one of the oldest in the United States. The school canceled exams, and classes, for the rest of the year and the campus was quiet on Sunday as a light snowfall blanketed the city.

Providence Mayor Brett Smiley said that authorities, as of midday on Sunday, had not yet contacted all of the victims’ family members because some were traveling. He invited residents to a previously planned event on Sunday to light a Christmas tree and a menorah to mark the first night of Hanukkah.

“It is quite clear that if we can come together as a community and shine a little bit of light tonight, I think there’s nothing better that we could be doing,” Mr. Smiley said.

AUTHORITIES RELEASE VIDEO OF SUSPECT
Seven people injured at Brown University were in stable condition, Mr. Smiley said. One remained in critical but stable condition, while another had been discharged, he added.

Shelter-in-place orders at the university and nearby areas were lifted on Sunday. Mr. Smiley said earlier in the day that residents should expect a visible police presence across the city.

The gunman fled after shooting students in a classroom in Brown’s Barus & Holley engineering and physics building, where outer doors had been left unlocked while exams were taking place, officials said on Saturday.

Authorities on Saturday released a short video clip of a person of interest dressed in black walking near the engineering building. Providence Deputy Police Chief Timothy O’Hara said on Saturday the individual may have worn a mask, but officials were not certain.

Brown President Christina Paxson told reporters that all or nearly all of the victims were students, adding: “This is the day one hopes never happens, and it has.”

STUDENTS CAUGHT BY SURPRISE
Ref Bari, 22, a graduate student at Brown, said he was inside the Barus & Holley building when he heard a series of loud popping sounds that appeared to be gunfire.

Mr. Bari ran out of the building and asked another student running in the street if he could hide with her and her friends and she agreed. They returned to her basement apartment and hid in the bathroom.

“She trusted me,” he said. “The only connection between us is we’re both students at Brown but beyond that, we don’t know each other.”

Teaching assistant Joseph Oduro, 21, told CNN he was in a classroom that was attacked.

“The first couple of gunshots went straight to the chalkboard right where I was standing,” Mr. Oduro said. “Who knows, if I didn’t duck, maybe I’m not here today.”

A student next to him took two bullets to the leg and was due to undergo surgery on Sunday, he said.

Jack DiPrimio, another graduate student at Brown, said he was initially not concerned when the university went on lockdown because he had experienced many active-shooter drills. The drills have become more common in the US as attacks targeting students have increased.

“I had faced so many lockdowns in high school and even a few at my undergrad, so I wasn’t that worried at first,” Mr. DiPrimio said in a TikTok video after coming out of a five-hour lockdown. “Maybe I was desensitized.”— Reuters