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Allianz PNB Life launches insurance plan with access to investment funds

ALLIANZ PNB Life Insurance, Inc. (Allianz PNB Life) has launched a life insurance product that offers access to global investment funds.

Allianz Wealth Builder is a variable universal life product that combines investment opportunities with insurance coverage, the company said in a statement on Monday.

The product is now available through HSBC Premier and will soon be accessible to Philippine National Bank clients, it said. Allianz PNB Life has an insurance distribution partnership with HSBC Wealth.

“The Allianz Wealth Builder plan is carefully crafted to provide our valued clients with the confidence that their financial assets are working for them. It allows them to focus on achieving their personal and professional goals while benefiting from the wealth-building potential of this innovative product,” Allianz PNB Life Chief Partnership Officer Irene M. Andas said.

“Allianz Wealth Builder helps Filipinos take control of their financial future with confidence and clarity, whether it’s for education, wealth-building, or retirement planning,” Ms. Andas said.

Allianz PNB Life said the product has flexible payment options, as customers can choose from a three-, five-, or 10-year limited-pay term to promote “disciplined savings” over a set period. Those who choose the 10-year plan will get a premium bonus, it added.

It also offers guaranteed acceptance endorsement, which means medical underwriting is not required for applications. “Allianz PNB Life is the only and first insurance company that offers Guaranteed Acceptance Endorsement for regular-pay unit-linked plan in the market, making it more accessible for customers to avail this type of plan and to easily start saving for their future,” it said.

The plan also includes access to the Allianz Healthbox suite of health benefits.

Meanwhile, for the product’s investment component, Allianz Wealth Builder lets customer access funds managed by HSBC Asset Management and Allianz Global Investors.

“The Allianz Income and Growth Fund, for example, focuses on US assets, offering reliable income and long-term growth. For those looking for high-growth potential, the Equity Power Growth Fund opens the door to global equity markets,” the insurer said.

Allianz PNB Life booked a premium income of P32.13 billion last year, data from the Insurance Commission showed. Its net income was at P981.58 million. — A.M.C. Sy

Choose competence and courage in May

PHILIPPINE STAR/EDD GUMBAN

“The tyranny of some is possible only through the cowardice of others.” — Jose Rizal

The May 2025 Philippine elections are not merely a political exercise. They are a battle for the soul of this nation. For decades, systemic rot has stifled progress, leaving millions trapped in poverty and desperation.

Our country’s most pressing issues are not accidents of fate, but symptoms of systemic failure such as corruption, political dynasties, short-term populism, and environmental neglect. In 2023 alone, the Philippines lost P1.1 trillion to graft, according to Transparency International. These funds could have built 200,000 classrooms, or subsidized healthcare for 30 million families.

A 2023 Philippine Center for Investigative Journalism (PCIJ) study reveals that 73% of congressional seats are held by 178 families, entrenching patronage networks that prioritize clan interests over public welfare. In the Senate alone, we have seen the Estrada/Ejercitos, Cayetanos, Villars, and perhaps soon the Tulfos and Binays*. We witness the proverbial game of thrones between the Marcoses and the Dutertes.

With respect to environmental neglect, for the third straight year, the Philippines has remained the most at-risk country to extreme natural events and negative climate change, according to the 2024 edition of the World Risk Report. And yet, deforestation and unregulated mining persist, led largely by blood-sucking politicians who trade permits for campaign funds or favors.

If we connect the dots, we can see that political dynasties foster patronage, corruption, and overpricing, which divert funds from healthcare, public education, and flood infrastructure, among others. This system perpetuates an impoverished, vulnerable workforce. Environmental disasters cause more poverty, dependence, and short-term populism.

Is the system ultimately rigged to fail?

“When corruption becomes the norm, democracy becomes a myth,” argues senatorial aspirant Francis “Kiko” Pangilinan, author of RA 9227, otherwise known as the Additional Judicial Compensation Act of 2003, among other landmark laws. Senator Kiko happens to be my younger brother, arguably one of the most severely trolled and attacked political opposition candidates on social media. Not surprisingly, corrupt dynasties despise uncompromising leaders of competence and courage.

As the midterm elections near, we voters must confront a stark reality: democracy cannot survive without leaders of courage, competence, and a commitment to the common good. We can have transformative change in a democracy by electing reformist leaders who are willing to dismantle systemic barriers to prioritize structural reforms over hollow, band-aid solutions.

To break the cycle, we voters must reject transactional leaders and instead, elect proven reformers who speak truth and confront power. The leadership imperative is courage over compromise, but the system frowns upon qualified aspirants. A case in point is senatorial aspirant and human rights lawyer Chel Diokno, founding dean of the De La Salle University Tañada-Diokno School of Law, who defended victims of extrajudicial killings despite receiving threats. Another is former Senator Leila de Lima, who was jailed for six years after investigating former President Duterte’s alleged drug war, which eventually led to the strongman’s arrest by the International Criminal Court. Sadly, both Diokno and De Lima backed out of the 2025 senate race, and are instead running as party-list representatives in Congress.

Such leaders of courage, competence, and commitment to the common good exemplify the antidote to systemic decay. They possess the audacity to reject dynastic alliances, prosecute the corrupt, and strengthen the weak — traits that are absent in compromise politicking.

Populist candidates peddle quick fixes: cash aid, fuel subsidies, or ayuda (assistance). They preach a false dichotomy, favoring stability over real change, and “unity over reform.” Their stop-gap non-solutions ignore root causes, and are therefore unsustainable. They say things such as, “Infrastructure will heal our divisions.” But such statements ring hollow when projects like the P23-billion Metro Manila Subway remains delayed by graft. They collapse, just like the new, substandard Cabagan-Sta. Maria Bridge in Isabela.

The Philippine government will go a long way if reformists are supported and elected instead of mocked, trolled, or persecuted. We need leaders who do not fear backlash as they pursue true reforms. These reformists will tie pork barrel funds to anti-corruption benchmarks. Their justice will be swift, but never outside the bounds of law. Billions in “confidential funds” or discretionary budgets will be redirected to build new homes, educate teachers, or finance climate-resilient farms.

The stakes are existential. Climate disasters escalate, poverty worsens, and democratic institutions crumble under dishonest dynasties. Yet, despair is not an option. The 2025 ballot offers a rare chance for us to elect leaders like farmer and fisherfolk advocates, peacebuilders for Mindanao, champions of small entrepreneurs, and patriots whose records prove that courage and competence may coexist.

The May election is not about personalities. Every ballot that is cast for a reformist weakens corrupt dynasties. Every vote against graft rebuilds trust. Every demand for accountability plants seeds of renewal.

May God bless us this May 12 with Filipino voters who will choose courage and competence over complicit silence.

*Current senators Raffy Tulfo and Nancy Binay may soon be joined (in the case of Tulfo) or replaced (in Binay’s case) by siblings in the Senate. — Ed.

 

Joseph Pangilinan is a professional lecturer at the Department of Management and Organization of the De La Salle University Ramon V. Del Rosario College of Business.

joseph.pangilinan@dlsu.edu.ph

Philippines’ Trade-in-Goods Balance with 20 Largest Trading Partners in 2024

THE 2024 trade-in-goods deficit was revised to $54.33 billion from the $54.21 billion reported in January, the Philippine Statistics Authority said on Thursday. Read the full story.

Philippines’ Trade-in-Goods Balance with 20 Largest Trading Partners in 2024

Entertainment News (04/01/25)


Gulay Lang, Manong! screens at Ayala Malls Cinemas

AYALA MALLS Cinemas is screening Gulay Lang, Manong!, a 2024 Cinemalaya entry that won the Audience Choice Award at the festival. Directed by BC Amparado in his feature film debut, it follows struggling farmer Manong Pilo (Perry Dizon) who joins forces with local policeman Ariel Lacson (Cedric Juan) to rescue his grandson Ricky (BJ Forbes) and take down a marijuana cartel. It will be shown in Ayala Malls Cinemas starting April 2.


SOS releases sophomore album

THE sophomore album of Filipino band SOS, It Was A Moment, is out now. The 11-track project is a sonically expansive, experimental journey marked by synths, keys, and anthemic guitars. It follows the band’s first album from 2017 and presents a significantly lighter sound. SOS’ It Was A Moment is out now on all digital music streaming platforms nationwide.


Stephen Speaks performs at Newport World Resorts

AMERICAN pop singer Stephen Speaks will be bringing his iconic hits “Passenger Seat,” “Out of My League,” and more to Filipino audiences in Manila with a one-night-only performance on April 3, 10 p.m., at Newport World Resort’s Bar 360. There is a minimum cover charge of P2,000, consumable on food and drinks.


Drop to arrive in Philippine cinemas in April

FROM director Christopher Landon comes Drop, a mystery-thriller starring Meghann Fahy and Brandon Sklenar (It Ends with Us), centered on a peculiar first date. It follows Ms. Fahy as Violet, who goes on a date and starts receiving innocuous but annoying media drops on her phone. When her son’s life is threatened, she is directed to kill her date, played by Mr. Sklenar. Drop premieres in Philippine cinemas on April 9.


J-pop star Ado’s concert film in Philippine cinemas

GAGA Corp. has announced the global theatrical release of the concert film Ado SPECIAL LIVE “Shinzou” in Cinema. Its screenings in the Philippines will start on April 11. The concert film offers an immersive journey into Ado’s live concert Shinzou at the Japan National Stadium in 2024, narrated by Ado herself. It is a lead-up to her second world tour, Hibana, which will have a Manila stop at the SM Mall of Asia Arena in Pasay City on May 8, with tickets available via smtickets.com.


Ace Banzuelo explores love in new single

A NEW SINGLE of singer-songwriter Ace Banzuelo, titled “Kilala,” has been released under Sony Music Entertainment. The dreamy, melancholic pop track delves into romantic longing, set against a backdrop of minimal guitars, gentle synths, and electronic flourishes. “Kilala” is out now on all digital music streaming platforms.


W Express offers Korean visa packages for Filipinos

IN LINE with the strong lineup of concerts and festivals in South Korea this year — ranging from BLACKPINK’s World Tour to ZEROBASEONE’s first fan concert — W Express, in partnership with the Korea Visa Application Center, is now offering deals for Filipinos. Every visa application with the company gives travelers a chance to win American Tourister luggage. There are also discounted rates: P1,000 for the primary applicant and P500 for additional members, applicable only in Metro Manila. For more information, visit the website at https://www.wwwexpress.com.ph/


Culture Wars drops new single

AUSTIN-BASED band Culture Wars have released their brand-new single, “Typical Ways,” now available to stream worldwide. The track layers guitars and stadium vocals and talks about the cycle of addiction and falling into one’s typical ways. Vocalist Alex Dugan wrote the song as an angry letter to himself. “Typical Ways” is out now on all digital music streaming platforms.


Pinoy rising stars in RADAR Philippines program

SPOTIFY’s artist discovery and support program RADAR Philippines is back with a fresh slate of Filipino musicians poised to be the next local and global favorites. The 2025 lineup showcases a diverse mix of genres and styles, spotlighting indie artists ONE CLICK STRAIGHT, Dilaw, and JERGE, R&B sound-makers ALLMO$T and Justin Vasquez, fresh rap acts Young Blood Neet, Zae, and Costa Cashman, and pop artist ena mori. Rounding up the roster is returnee P-pop boy group BGYO. Their music is now available on the RADAR Philippines playlist.


CreaZion Studios distributes The Legend of Ochi

ON April 25, CreaZion Studios will be showing A24’s The Legend of Ochi nationwide in major cinemas. The film follows the story of Yuri, a young girl raised in a remote northern village where people caution against going outside after dark for fear of encountering an Ochi. When she meets a baby Ochi left behind by its pack, the two go on an adventure to reunite it with its family. Writer-director Isaiah Saxon Saxon was inspired by the connection between a child and a pet. The Legend of Ochi comes to Philippine cinemas in April.


KAIA and Zack Tabudlo have new single

FILIPINO girl group KAIA has released “TANGA,” a single now out via Sony Music Entertainment. Produced and composed by singer-songwriter Zack Tabudlo, the track blends pop confection with a ’90s R&B flair. It centers on a love that borders on naiveté, balancing a humorous, light vibe with a sense of introspection. “TANGA” is out now on all digital music streaming platforms.


TV5 presents ‘Summer-Saya Together’ TV lineup

TELEVISION network TV5’s “Summer-Saya Together” campaign is bringing viewers the conclusions of two drama series: Ang Himala ni Niño and Lumuhod Ka sa Lupa. Meanwhile, the reality show Sing Galing will have its first live elimination round on April 5, and Be The NEXT: 9 Dreamers shall be narrowing down its K-pop trainees from 75 to 45. ASAP will be having its 30th-anniversary celebration. Finally, the “Tara Na Sa Saya: Win A Trip Promo” shall offer two viewers a chance to win a dream trip to Japan with free airfare and accommodation, as part of the travel show Güd Morning Kapatid. The winners will be able to discover new sights, flavors, and cultures with host Maoui David for four days and three nights. More details can be found on TV5’s social media pages.

How PSEi member stocks performed — March 31, 2025

Here’s a quick glance at how PSEi stocks fared on Monday, March 31, 2025.


Halting LRT-1 fare hike will violate contract with operator, Palace says

Passengers get off at a Light Rail Transit Line 1 (LRT-1) station. — PHILIPPINE STAR/RYAN BALDEMOR

THE PRESIDENTIAL PALACE on Monday said suspending the Light Rail Transit Line 1 (LRT-1) fare hike on April 2 would violate the government’s contract with private operator Light Rail Manila Corp. (LRMC) amid calls to stop the hike for commuters.

“This administration also wants this not to proceed for now. However, this is stipulated in the contract. If I am not mistaken, it was mentioned that the fare hike should have been implemented a long time ago, but it was held off for the benefit of our consumers,” Presidential Communications Office Undersecretary Clarissa A. Castro told a Palace briefing in mixed English and Filipino.

“However, we also need to consider the situation because if this is part of the contract and the government fails to fulfill it, it could lead to bigger problems for our commuters.”

An LRT-1 single journey ticket is set to go up by P10 to P55 for an end-to-end trip from Dr. Santos station to Fernando Poe, Jr. (formerly Roosevelt) station. The minimum fare will also increase to P20 from P15 by April 2.

For users of stored value cards, the maximum fare would go up to P52 from the current P43 for end-to-end trips.

Transport and civic groups on Monday filed an appeal before the Office of the President to reverse the Department of Transportation’s (DoTr) order that granted the fare hike, saying the deal was “grossly disadvantageous to the public.”

In a joint statement, Bagong Alyansang Makabayan (Bayan) President Renato M. Reyes, Jr., Kilusang Mayo Uno secretary general Jerome M. Adonis and Mody T. Floranda, PISTON national president said there was no “financial necessity” for the fare hike.

The new fare matrix, which the DoTr greenlit on Feb. 14, will cover the trip from FPJ Station (formerly Roosevelt) in Quezon City to Baclaran Station in Pasay City, including the last station of the Cavite extension Phase 1.

This is also lower than LRMC’s proposal to raise the end-to-end-trip fare to P60 for single-journey tickets and P58 for stored value cards.

“The Department of Transportation (DoTr) must also disclose how it arrived at the approved figures for the new LRT fares as such have not been provided to the public,” the groups said.

Since it took over LRT-1 operations from the Light Rail Transit Authority (LRTA) in 2015, the private operator has filed several petitions for fare adjustments which have all been deferred.

Under its concession agreement, the private operator may seek a fare adjustment once every two years by 10.25% until 2046.

The transport and civic groups said the government owes the private operator more than P3 billion in deficit fees, which Mr. Reyes says shows the “disastrous effect of the privatization of train operations.”

The groups also sought for the government to end the LRTA-LRMC concession agreement, which could pose long-term risks to public debt and “endless fare hikes” until the deal ends in 2046.

“A review of privatization frameworks in transportation is necessary to prevent similar exploitative and oppressive arrangements in the future,” they said.

LRMC is the joint venture of Ayala Corp., Metro Pacific Light Rail Corp., and Macquarie Infrastructure Holdings (Philippines) Pte Ltd. Metro Pacific Light Rail is a unit of Metro Pacific Investments Corp., which is one of three Philippine subsidiaries of Hong Kong’s First Pacific Co. Ltd., the others being PLDT Inc. and Philex Mining Corp.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains interest in BusinessWorld through the Philippine Star Group, which it controls.

“The fare hike is an added burden to commuters all in the name of guaranteeing private profits,” Bayan’s Mr. Reyes said in a separate X post. — John Victor D. Ordoñez

Anti-admin sentiment climbs in Q1 as Marcos governance, policies disappoint — survey

PHILIPPINE STAR/NOEL B. PABALATE

By Chloe Mari A. Hufana, Reporter

ANTI-ADMINISTRATION sentiment in the Philippines rose sharply in the first quarter of 2025 with more voters expressing dissatisfaction with the governance of President Ferdinand R. Marcos, Jr. and the country’s economic direction, a Publicus Asia, Inc. survey found.

The independent, non-commissioned Pahayag First Quarter Survey (PQ1-2025) found that anti-administration sentiment soared to 45% from 30% in the previous quarter.

This is higher than the pro-administration sentiment, which saw a steep decline to 15% from 28%, its sharpest drop to date. Neutral sentiment remained steady at 39%.

“The survey findings highlight a deteriorating political and economic landscape as declining confidence in governance and worsening financial expectations shape public sentiment in early 2025,” Publicus Asia said in a statement on Monday.

The PQ1-2025 was conducted from March 15-20, using a purposive sampling of 1,500 respondents drawn from a research panel of over 200,000 registered Filipino voters maintained by the Singapore office of PureSpectrum, a US-based panel marketplace with a global presence.

Regional data revealed that pro-administration support is highest in the National Capital Region (22%), but anti-administration sentiment dominates in the Visayas (52%) and Mindanao (62%). Neutral sentiment remains strongest in North-Central Luzon (47%), according to the report.

The rising anti-administration sentiment also triggered an 8% increase in pro-opposition sentiment and a 7% rise in anti-opposition sentiment, with 46% of respondents maintaining neutrality between the two political factions.

Pro-opposition support is strongest in Mindanao (35%), while neutral sentiment is highest in North-Central Luzon (52%) and South Luzon (50%).

Hansley A. Juliano, a political science lecturer from the Ateneo de Manila University, linked this to the conflict between the Marcoses and Dutertes, which has culminated in the arrest of former President Rodrigo R. Duterte.

“While it is not unheard of for previous administrations to fall out with allies and pursue vendettas against them, this is probably the first time the political vendetta aligned with existing political and global demands, which led to Mr. Duterte’s successful apprehension and the reemergence of the anti-EJK (extrajudicial killing) allied movements’ discourse, now strengthened by the lack of persecution from an incumbent Duterte admin,” he told BusinessWorld in a Facebook messenger chat.

STATE OF THE COUNTRY
Moreover, the report found that public confidence in the state of the country and its economic trajectory has also deteriorated to its weakest point since 2022.

The survey revealed that 45% of respondents perceive the state of the country as weak, up from 35% in Q4 2024, while only 28% consider it strong, slipping from 31% in the previous quarter.

Similarly, 45% of respondents believe the country is headed in the wrong direction, a significant increase from 32% last quarter, while those who think the country is on the right track dropped to 29% from 42%.

Mr. Juliano attributed the decline in the country’s economic prospects to external factors, such as the fragmentation and vulnerabilities of major economies like the United States, the European Union, and Japan.

“Any suffering in the firms in those countries, especially if they outsource operations here/their supply chains reach here are likely to impact us,” he said.

“Because of this, the fact that the Marcos Jr. admin isn’t exactly innovating beyond the neoliberal status quo helps explain the downturn and vulnerabilities being more keenly felt. We are clearly still being outpaced by Vietnam and India in exploiting this downturn.”

Concerns in the economic trajectory of the country are most pronounced among respondents in Mindanao, the youth demographic (18-29 years old), middle- and high-income families, non-working individuals, and those with a college education.

Economic pessimism has also spread to household financial prospects with 39% of respondents expecting the national economy to decline further, up from 26% in the previous quarter, while optimism fell to 32% from 48%.

Meanwhile, household financial expectations have weakened, with 48% believing their financial situation will improve, down from 60% last quarter.

Across all demographics, two in three registered voters expressed pessimistic sentiments about the country’s outlook for Q2 2025, with 30% reporting growing anxiety about the nation’s future.

Gov’t told to locate Filipinos in Myanmar, Thailand after deadly quake

RESCUE PERSONNEL work at the site of a building that collapsed, following a strong earthquake, in Mandalay, Myanmar, March 29, 2025. — REUTERS

By Adrian H. Halili, Reporter

PHILIPPINE SENATORS on Monday urged the government to strengthen efforts to locate and provide aid to Filipinos in Myanmar and Thailand after last week’s deadly earthquake.

In a statement, Senate President Francis G. Escudero called on Philippine Embassies in Myanmar and Thailand to account for all Filipinos and ensure that “all possible help is extended to them.”

“We still have Filipinos unaccounted for up to now and as such we should exert greater efforts to locate them at the soonest possible time,” Mr. Escudero added.

“Once the dust has settled and the rescue operations have concluded, we must have a full accounting of the Filipinos who may have been affected by the earthquake and extend every possible assistance as necessary, including psychosocial support for the survivors,” he said.

A 7.7-magnitude quake struck Myanmar and parts of Thailand last Friday, crippling major infrastructures like airports, bridges and highways. The recent quake is considered to be one of the biggest in the last century.

Reuters reported Myanmar’s state media has confirmed at least 1,700 deaths, while Thailand’s official death toll stood at 18, as of Sunday.

In a separate statement, Senator Sherwin T. Gatchalian likewise called on the Department of Foreign Affairs (DFA) and the Philippine Consulate in Myanmar to intensify their efforts to locate missing Filipinos.

Mr. Gatchalian added that the DFA in Thailand should “mobilize all resources to assist those who have been adversely affected and ensure that those in need of assistance are attended to.”

Asked to comment, DFA spokesperson Ma. Teresita C. Daza said that the Philippine Embassy in Yangon continues its efforts to account for all Filipinos in the earthquake affected areas.

“Yangon [Philippine Embassy] Advance Team is traveling to Mandalay to conduct on-the-ground assessment; check on the welfare of Filipinos; gather information on the four unaccounted Filipinos; and provide some basic supplies,” Ms. Daza said in a WhatsApp message.

Meanwhile, the Senate chief also called on the proper inspection of public and private infrastructure to ensure proper preparedness for large earthquakes.

“We must see to it that regular inspections are conducted on public infrastructure and on the structures constructed by the private sector, particularly the office and residential buildings that have sprouted over the past decades,” Mr. Escudero said.

The country’s National Capital Region sits on the West Valley Fault line which is said to be due for a major earthquake. The fault line traverses the cities of Taguig, Muntinlupa, Parañaque, Quezon City, Pasig, Makati, and Marikina, as well as the provinces of Rizal, Laguna, Cavite and Bulacan.

A potential 7.2 magnitude earthquake on the West Valley Fault, or “The Big One,” could result in an estimated 48,000 fatalities and $48 billion in economic losses, according to the World Bank.

Senate Minority Leader Aquilino L. Pimentel III called on the government to boost their disaster preparedness, following the Myanmar quake and the collapse of a bridge in Isabela province.

“The recent Myanmar earthquake and the collapse of the Isabela bridge are wake-up calls to reassess the country’s disaster preparedness and infrastructure resilience,” he said in a statement.

The P1.2-billion Cabagan-Santa Maria bridge in Isabela province collapsed on Feb. 27, due to alleged critical design flaws. The bridge ultimately collapsed under the weight of two overloaded trucks, each exceeding 100 tons and far beyond the bridge’s 44-ton capacity limit.

Mr. Pimentel added that the collapse of the bridge should have prompted an evaluation of ongoing construction projects to “ensure that each infrastructure can withstand an earthquake with intensity seven and above.”

The Philippines lies in the so-called Pacific Ring of Fire, a belt of volcanoes around the Pacific Ocean where most of the world’s earthquakes strike. It also lies along the typhoon belt in the Pacific and experiences about 20 storms each year.

The Philippines frequently experiences moderate to large earthquakes, according to the US Geological Survey.

Groups question constitutionality of 2025 GAA over education budget

PHILSTAR FILE PHOTO

THREE CAUSE-ORIENTED organizations on Monday filed a petition before the Supreme Court (SC) questioning the constitutionality of the 2025 General Appropriations Act (GAA), citing the misallocation of funds that undermined the constitutional mandate to prioritize education.

In its petition for certiorari and prohibition with a prayer for a temporary restraining order, The Teachers’ Dignity Coalition (TDC), Freedom from Debt Coalition (FDC), and Philippine Alliance of Human Rights Advocates (PAHRA) argued that the 2025 budget violated Section 5(5), Article 14 of the 1987 Constitution, which mandates that education be prioritized in government appropriations.

The groups cited the disproportionate allocation of P1.05 trillion to the Department of Public Works and Highways, which significantly surpassed the combined P913.3-billion budget of the Department of Education, Commission on Higher Education, Technical Education and Skills Development Authority, and state universities and colleges.

The petitioners also criticized the government’s reclassification of funds, which they claimed artificially inflated the budget of the education sector.

They argued that non-traditional education-related allocations from various agencies had been aggregated to create the illusion that the education sector received the highest budgetary share.

These agencies included the Philippine Military Academy and the National Defense College of the Philippines under the Department of National Defense; the Philippine National Police Academy; the Philippine Public Safety College and Local Government Academy under the Department of the Interior and Local Government; and the Philippine Science High School System and Science Education Institute under the Department of Science and Technology.

According to the petitioners, this aggregation created a misleading P50-billion lead over the DPWH budget, which they claimed distorted the true allocation intended for basic and higher education.

They also alleged President Ferdinand R. Marcos, Jr., the Senate, and the House of Representatives have acted with a grave abuse of discretion amounting to a lack or excess of jurisdiction for signing and passing the 2025 GAA.

The plaintiffs also asked the SC to direct Mr. Marcos to desist from enforcing or implementing the 2025 GAA.

They asked the high tribunal to stop the respondents from using public funds for the enforcement and implementation of the same law.

Other named respondents were Executive Secretary Lucas P. Bersamin and both chambers of Congress.

The 2025 GAA has sparked controversy due to concerns over its alleged misallocation of funds and potential violations of constitutional mandates.

An earlier lawsuit on the 2025 budget has been filed by former Executive Secretary Victor D. Rodriguez and others, arguing that the 2025 GAA violated several constitutional provisions, including issues related to blank items in the bicameral conference committee report and the prioritization of budget allocations.

Another lawsuit was filed by Anthony C. Leachon, a health reform advocate and former special adviser on non-communicable diseases at the Department of Health.

The crux of his petition centered on the zero allocation of government subsidy for the Philippine Health Insurance Corp. in the 2025 national budget. — Chloe Mari A. Hufana

PHL, US marines kick off two-week military drills

FACEBOOK.COM/USEMBASSYPH

PHILIPPINE and US marines on Monday started two weeks of joint military exercises in southern Philippines, with drills focused on amphibious assault missions and special operations, the Philippine Army said.

About 480 troops of the Philippine and US Marine Corps will participate in tactical operations drills on the shorelines of the major island of Mindanao and would feature live-fire exercises to simulate coastal defense operations and improve combat readiness. The Philippines’ army, police, and coast guard will also take part in the wargames.

This year’s marine drills came ahead of Exercise Balikatan (shoulder-to-shoulder), the largest joint military exercises between the Philippine and US forces, set to take place from April 21 to May 9.

“Interoperability is the key. It is not enough to be skilled individually — we must be able to operate seamlessly with our counterparts, whether from the Philippine Marine Corps or allied forces,” Philippine Army Major General Donald M. Gumiran said in his speech during the drills’ opening ceremony in Maguindanao del Norte province, according to a statement.

The Philippines and US’ Marine Exercise is a bilateral drill between their forces, meant at honing their forces’ compatibility and improving maritime warfighting capabilities, according to a news item published on the US Indo-Pacific Command’s website. The drills started in 2022. — Kenneth Christiane L. Basilio

Meralco prepares for dry season

POWER DISTRIBUTOR Manila Electric Co. (Meralco) said on Monday that it has ramped up maintenance activities and laid down contingency measures for the dry season and the upcoming midterm elections.

“We are actively coordinating with the Department of Energy (DoE) and other industry stakeholders to ensure readiness to meet the higher demand we anticipate in the coming months, which coincides with the country’s midterm elections,” Joe R. Zaldarriaga, vice-president and head of corporate communications of Meralco, said in a statement.

The company said it has been working on its maintenance and upgrading activities to ensure that its distribution network and facilities are in good condition.

Meralco encouraged more businesses and industrial establishments to participate in the government’s Interruptible Load Program — an energy demand-side program wherein large-load customers are asked to use their generator sets or shift their operations to spare households from power interruptions whenever supply is insufficient.

Meanwhile, the distribution utility said it has also laid down contingency measures for this year’s elections by participating in the mock elections organized by the Commission on Elections to test its readiness to respond to troubles that could happen during the voting and canvassing process. 

“Historically, Meralco’s franchise area has had no problems during election period, but we have prepared contingency plans in case of isolated power outages to ensure that our facilities are ready to respond to any emergency,” said Mr. Zaldarriaga.

“Our generator sets are ready, and our crews will be deployed in strategic locations so that in case of isolated interruptions, we are ready to respond accordingly,” he added.

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

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

Peso climbs to three-week high as recession fears hit dollar

PHILIPPINE STAR/WALTER BOLLOZOS

THE PESO strengthened to an over three-week high against the dollar on Monday as key US data released on Friday stoked renewed recession fears in the world’s largest economy.

The local unit closed at P57.21 per dollar on Monday, rising by 17.1 centavos from its P57.381 finish on Friday, Bankers Association of the Philippines data showed.

This was the peso’s best finish in more than three weeks or since it ended at P57.206 per dollar on March 7.

The peso opened Monday’s session stronger at P57.35 against the dollar, which was already its worst showing for the day. Its intraday best was its closing level of P57.21 versus the greenback.

Dollars exchanged went down to $1.18 billion on Monday from $1.62 billion on Friday.

The dollar was generally weaker on recession concerns following the US personal consumption expenditures (PCE) price index data and the consumer sentiment and inflation expectations reports released on Friday, a trader said in a phone interview.

“The market’s confidence was down and inflation expectations were higher due to US President Donald J. Trump’s tariffs as markets saw their implementation as rushed, which is bad for the economy as it will make inflation higher. The dollar was weaker across the board,” the trader said.

The peso was also supported by an expected increase in remittances ahead of the upcoming holidays this month, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

For Wednesday, the trader said the market may stay cautious ahead of the reciprocal tariffs set to be announced by the Trump administration on April 2. The trader expects the peso to move between P57.10 and P57.50 per dollar, while Mr. Ricafort said it could range from P57.10 to P57.20.

Philippine financial markets are closed on April 1 (Tuesday) in observance of Eid’l Fitr or the end of Ramadan. — AMCS

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