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S&P: Philippines to outpace most Asian peers in next 3 years

PHILIPPINE STAR/ MICHAEL VARCAS

THE PHILIPPINES is expected to remain one of Southeast Asia’s fastest-growing economies over the next three years despite a slowdown in 2025 triggered by a corruption scandal, according to S&P Global Market Intelligence.

“Based on our data, the country is projected to remain one of the fastest economies in the region, second only to Vietnam,” Rodeza Mones, sector editor for news and research at S&P Global Market Intelligence, told an investment forum on Thursday.

The Philippines’ real gross domestic product (GDP) grew 4.76% in 2025, down from 5.64% in 2024. S&P now projects growth will accelerate to 5.66% in 2026, 5.84% in 2027, and 5.78% in 2028, though these estimates are lower than its prior 6.5% projections for 2027 and 2028.

GDP in dollar terms ended 2025 at $452.18 billion, with S&P expecting expansion to $477.78 billion in 2026, $505.7 billion in 2027 and $534.9 billion in 2028.

The projections do not account for uncertainties stemming from the Middle East war, Ms. Mones noted.

She said the projections show economic growth in the country is expected to be below 6%, far from the most recent high of 7.68% in 2022.

“The forecast comes as the country faces the economic fallout of a sweeping investigation into the alleged misuse of billions in state-funded flood control projects,” she said.

She noted that the graft scandal slowed infrastructure spending, weighed on investments and constrained growth by the end of 2025.

“Economists say that the outlook for economic growth in the Philippines hinges in large part on how the graft investigation will play out,” Ms. Mones said.

S&P also highlighted structural risks, including artificial intelligence (AI) disruption to the business process outsourcing sector, strained public finances and recurrent climate-related disasters such as floods, landslides and earthquakes.

“The Philippines should accelerate the implementation of structural and governance reforms and reduce infrastructure gaps to boost investments and increase fiscal multipliers,” she added, citing the International Monetary Fund.

REGIONAL CONTEXT
Across Southeast Asia, growth is expected to slow from 2025 highs. Singapore’s real GDP rose 4.96% in 2025 to $464.19 billion, driven by AI-related electronics demand. S&P projects GDP of $482.71 billion (3.99%) in 2026, $498.79 billion (3.33%) in 2027 and $516.4 billion (3.53%) in 2028.

Vietnam’s economy expanded 8.02% in 2025, with GDP reaching $464.71 billion, supported by trade growth, foreign direct investment and stable inflation.

S&P forecasts $495.43 billion (6.61%) in 2026, $526.35 billion (6.24%) in 2027 and $558.4 billion (6.09%) in 2028.

Thailand, by contrast, remains sluggish, with GDP growth near 2% in recent years. S&P projects it will dip to 1.6% in 2026 before recovering to 2.1% in 2027 and 2.4% in 2028.

“Southeast Asia’s second-largest economy has been crippled by prolonged political instability, weak domestic consumption and high household debt,” Ms. Mones said.

“Its industrial competitiveness has also declined owing to structural weakness in manufacturing, while tourism as a key source of income for the country has faced tough competition from other countries in the region,” she added. — Justine Irish D. Tabile

ACEN eyes P16-B battery storage for its largest solar farm in PHL

SANMAR SOLAR is one of the largest operating solar farms in the Philippines. It is built over a vast 500-hectare unutilized, lahar-covered land in Zambales. — ACENRENEWABLES.COM

RENEWABLE ENERGY developer ACEN Corp. plans to construct a 2,000-megawatt-hour battery energy storage system (BESS) to provide a stable power supply from its largest solar farm in the Philippines.

SanMar Solar, Inc., a subsidiary of ACEN, aims to integrate the BESS into the 585-megawatt (MW) SanMar Solar project in Zambales, according to the company’s filing with the Department of Environment and Natural Resources.

The energy storage system is projected to cost P15.88 billion and will be built on the southern section of the 10-hectare solar plant.

“The construction and installation of the BESS will be undertaken within the area already covered by the approved ECC (environmental compliance certificate), and no additional land or expansion beyond the existing ECC coverage will be required,” the company said.

A BESS stores energy generated from a power facility and can supply electricity to the grid during periods of insufficient supply or peak demand.

SanMar said the proposed project will also deliver ancillary services to the grid operator to support the reliable operation of the transmission system.

“Without availability of ancillary services, the stability of the transmission capacity and the quality, reliability, and security of the power grid may be compromised,” the company said.

Currently, around 385 MW of the solar plant is operational, while 200 MW is under construction and is expected to be completed by the third quarter of 2027.

The BESS project is scheduled for commercial operation by the first quarter of 2028 to harness capacity from the solar farm and supply it to the grid.

A public scoping activity for the project is scheduled on March 16. This early stage of the environmental impact assessment process allows the project proponent to present an overview of the development and gather issues and concerns from stakeholders.

The SanMar Solar expansion is part of ACEN’s 7.1-gigawatt renewable energy portfolio.

Beyond the Philippines, ACEN also has operations in Australia, Vietnam, India, and Lao PDR, along with strategic investments in Indonesia and other markets. — Sheldeen Joy Talavera

Disney Adventure gets Iron Man’s blessing

HOLLYWOOD STAR Robert Downey, Jr. attends the christening ceremony for the Disney Adventure at a special event on board the ship in Singapore, March 4. In photo (from left): Captain Mickey Mouse, Disney Experiences Chairman Josh D’Amaro, Mr. Downey, Disney Signature Experiences President Joe Schott and Captain Minnie Mouse. — DISNEY CRUISE LINE HANDOUT

RDJ raves about Disney Adventure as he christens the cruise ship

SINGAPORE — Iron Man star Robert Downey, Jr. (RDJ) on Wednesday officially christened Disney Cruise Line’s (DCL) newest ship, the Disney Adventure, in Singapore.

In a special event aboard the Disney Adventure, Mr. Downey appeared on stage amid a cloud of smoke as a 23-piece orchestra performed music from the Disney film that shot him to superstardom.

“Never let it be said, I don’t know how to make an entrance,” he quipped amid wild cheers from the audience.

Mr. Downey, who will return to the Marvel Cinematic Universe as Doctor Doom in the upcoming Avengers: Doomsday, said it was an honor to be named the “godparent” of the Disney Adventure, describing it as a “majestic vessel.”

“I’ve had the privilege of getting to know the team at Walt Disney Imagineering, and I can tell you Adventure is the perfect name for what they’ve created,” he said.

“There’s an entire amusement park up there. It’s bananas. I recommend the Ironcycle (roller) coaster by the way. I got a good feeling about that one,” he added, referring to the DCL’s first-ever roller coaster at sea.

Mr. Downey was joined on stage by Disney Experiences Chairman Josh D’Amaro and Disney Signature Experiences President Joe Schott for the ceremonial christening.

Mr. D’Amaro said the Disney Adventure was the newest and biggest cruise ship in the DCL fleet and required a “big blessing.”

In response, Mr. Downey replied: “I have three words for you… I’m your guy.”

“I christen thee, Disney Adventure. May God bless this ship and all who sail upon it,” Mr. Downey said, as the orchestra performed “When You Wish Upon A Star” and confetti rained on the guests.

Mr. D’Amaro, who is also the incoming chief executive officer of The Walt Disney Co., said the cruise ships are ambassadors for the “(Disney) brand that carry joy, wonder and enchantment to destinations around the world.”

“As our first ship to homeport in Asia, the Disney Adventure represents a new chapter for Disney Cruise Line and will introduce Disney to audiences who may be experiencing our magic for the very first time. It offers fans across this region an opportunity to immerse themselves in unforgettable ways and create memories that are uniquely Disney,” Mr. D’Amaro said.

The christening ceremony also featured performances from Filipino singer Jed Madela and Australian-Korean singer Dami Im. They performed a medley of classic songs from Disney, Pixar, and Marvel films.

To end the ceremony, a parade of Disney characters, such as Donald and Daisy Duck, Goofy, Spider-Man, and Disney Princesses, entered the theater as the orchestra played “Let’s Set Sail.”

The Disney Adventure is the first DCL ship to sail in Southeast Asia. It will embark on its maiden voyage on March 10. — Cathy Rose A. Garcia

View related videos and photos online:

https://tinyurl.com/2th73h3v
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https://tinyurl.com/3a2sjxfj

PCC clears DoubleDragon’s acquisition of MerryMart shares

MERRYMART.COM.PH

THE Philippine Competition Commission (PCC) has approved DoubleDragon Corp.’s (DD) proposed acquisition of shares in MerryMart Consumer Corp., issuing its decision ahead of the Phase 1 review deadline.

In a statement on Thursday, the PCC said the DoubleDragon-MerryMart transaction is unlikely to substantially lessen competition, as strong rivals in upstream and downstream markets constrain input and customer foreclosure.

DoubleDragon develops real estate across retail, offices, industrial spaces, and hospitality, with subsidiaries CityMall operating malls nationwide and CentralHub managing warehouse complexes in the Philippines.

MerryMart runs a growing chain of supermarkets and convenience stores focused on consumer goods throughout the country.

“With this clearance, the PCC affirms its commitment to safeguarding competitive markets while ensuring that mergers and acquisitions proceed in ways that allow businesses to pursue growth opportunities that benefit consumers and the broader economy,” the commission said.

The PCC’s Mergers and Acquisitions Office reviewed how the deal might affect competition in leasing commercial spaces and warehouses to grocery and convenience stores in areas served by DoubleDragon’s CityMall and CentralHub.

It also examined upstream markets, such as space and warehouse supply, and downstream markets for those retailers.

“Consultations were conducted with key industry stakeholders, which include major retail chain competitors, customers, and relevant government agencies,” it noted.

In April last year, DoubleDragon announced plans to acquire a 35% stake in listed consumer and wholesale retailer MerryMart under a P1.28-billion deal.

Under the transaction, DD will buy 2.66 billion MerryMart common shares at 48 centavos per share from Injap Investments, Inc. The price was based on the 30-day volume-weighted average price (VWAP) of MerryMart shares. Half of the transaction will be paid using DD shares, while the remaining half will be settled in cash worth P637.97 million.

In April 2021, DD amended its articles of incorporation to change its primary purpose from a real estate developer to an investment holding company.

DD said in an earlier statement that the acquisition would also support its target of reaching P500 billion in revenue by 2035.

On Thursday, DoubleDragon shares rose 1.89% to close at P9.17, up P0.17. — Alexandria Grace C. Magno

Ena Mori presents two sides of an emotional journey

FOR Filipino-Japanese artist Ena Mori, it’s possible to use different styles and voices to express one’s emotional vulnerability. This is reflected in how her latest EP, Ore, provides a rough contrast to her previous one, rOe, released last year.

“It’s a cyclical album, but ultimately, I separated it into two because of the different voices I was using. The way I approached writing Ore was sterner and more direct than the previous record,” Ms. Mori said in a press interview on March 4.

Produced with Tim Marquez, mixed by Sam Marquez, and mastered by Emil Dela Rosa, the new EP emphasizes abrasive, disjointed soundscapes over fluid softness.

Even the titles of the two EPs hint at this key difference: rOe, referring to Ms. Mori’s favorite sushi condiment of fish roe, connotes a nice roundness that brings some comfort and conveys a delicateness. Meanwhile, Ore, referring to the natural resource collected in the form of rocks deep in the earth, evokes the opposite texture.

“I was looking for some wordplay that would make sense by changing the spelling,” said Ms. Mori. “I landed on ‘ore’ because I was playing the board game Settlers of Catan, and the natural crystallized gems are the total opposite of how delicate and pure the fish egg is. It’s a rock that’s been there for centuries that has changed shape, a modal opposite but still connected through the spelling.”

Compared to DON’T BLAME THE WILD ONE!, her album from 2022 which served her “urge to just shout” during the pandemic, the two EPs are more of an “internal analysis.”

“I’ve been reflecting on my past experiences and making sense of what I feel,” Ms. Mori said. “It’s more introspective.”

While emotionally unrestrained and dance-oriented, the genre of avant-pop that she occupies can still be played in the club or enjoyed in live shows. The EP’s focus track, “19 Underground,” is a good example, written from the perspective of a 19-year-old trying to navigate their artistic and personal awakening.

“I think my maturity shows in how I don’t have to use pretty words to say something, or pretty sounds to make a record,” explained Ms. Mori, when asked about what is different in her songwriting this time around. “You can use noises, which we experience all the time, from honking in the street to feedback from a mic. We categorize it as noise because it hurts your ears, but there’s something so natural about that. It’s about not being afraid of that.”

She also shared how her vantage point as a Filipino-Japanese artist allows her to be comfortable in her deeply personal cultural identity, with all its bumps and hurdles, without worrying about how it would be received. The intertwined chaotic power and haunting resonance in tracks like “Funny” and “La Loba” are examples of finding ease in this unease.

“I’m just trying my best to make music true to myself rather than being conscious of how I will be accepted in some sounds, countries, or particular scenes,” Ms. Mori said, noting that she’s comfortable using Japanese and English lyrics simultaneously.

“Whenever I feel something fits the lyrics, I’ll choose that. It’s not about hitting a market. At the end of the day, I believe that whatever you write will resonate with a lot of people from different countries,” she added. “Music really is universal. The language or genre doesn’t matter because it’s about feeling.”

Ena Mori has several upcoming shows including her Backyard Live performance, to be released online on March 13, and her appearance at the SYNCHRONICITY music festival in Tokyo, Japan, in April. In May, she will be at the Circus Music Festival in Parklinks, Pasig City.

“Live shows are challenging because making a record is completely different from live shows. It takes a lot of discipline because the technicalities, like in dual setups where I play a lot of instruments, can get hard,” Ms. Mori said, on her preparation for all these shows.

“It’s a discipline that I’m working on so that I have more room to be present onstage, especially because I’m a maximalist of sound. I end up playing so many things, and I’m excited to convey that live!”

Ena Mori’s two EPs, rOe and Ore, are available on all digital music streaming platforms. — Brontë H. Lacsamana

Equinix eyes expansion of PHL data centers to meet rising demand

EQUINIX.COM

GLOBAL DIGITAL infrastructure firm Equinix, Inc. said it is ready to expand the capacity of its existing data centers in the Philippines to capture growing demand, noting that the country is strategically positioned to become a data center hub in Asia.

“What we are doing at the current time is continually assessing. What I can say is right now, we have every capability to support our customers’ current expansion needs in our existing data centers,” Equinix Vice-President for Growth and Emerging Markets in Asia-Pacific Max Parry said in a briefing on Thursday.

Equinix launched its Philippine operations in 2025 with the opening of three data centers in Cavite and Makati. The facilities were acquired a year earlier from Total Information Management Corp. (TIM), marking the company’s entry into the country’s fast-growing data infrastructure market.

The Philippines, Mr. Parry said, completes Equinix’s regional expansion following its operations in Malaysia and Indonesia, filling a missing piece in its Southeast Asia growth strategy.

Equinix’s facilities in the Philippines have about 35,000 square feet of colocation space, with a combined capacity of 1,000 data cabinets.

“It is a lot of optimism that we announced our investment into the Philippines last year. I think across Southeast Asia as a whole, the Philippines has a very strong and unique (role). We see the demand from global customers wanting to access the Philippine market,” he said.

Mr. Parry identified the diverse information technology-business process outsourcing (IT-BPO) industry as a catalyst for data center growth, alongside rising demand from the network, telecommunications, and banking sectors.

“The other thing which is very notable around our business here in the Philippines is the diversity of banking and financial services customers that call Equinix Philippines home. So, we have a lot for those banking customers,” he said.

Equinix’s data centers provide high-speed interconnection services, giving enterprises direct access to cloud platforms, artificial intelligence providers, and major network ecosystems through secure private links. Globally, the company operates more than 260 data centers across 70 markets.

“I think the Philippines is very strategically placed to do that. It’s a strategic location between the economies of Asia and the US market. I think that positions the Philippines well to occupy that data center hub position,” he said, adding that ongoing subsea connectivity projects in the Philippines would also drive growth.

The Department of Information and Communications Technology (DICT) projects that the country’s data center capacity could reach 1.5 gigawatts (GW) by 2028, up from nearly 200 megawatts (MW) at present.

To achieve this target, the Philippines must also capitalize on the growth of its digital economy, which is expected to reach $36 billion in gross merchandise value (GMV) in 2025, according to a November report by Google, Temasek Holdings, and Bain & Company. The report projects the country’s overall digital economy could reach $70 billion to $140 billion in GMV by 2030, slightly lower than last year’s forecast of $80 billion to $150 billion.

“I think you’ve got the local strength in industry to be able to attract data center operators like us through the strength of the local market. Vibrant financial ecosystem, lots of foreign direct investment coming into manufacturing, one of the world’s leading IT BPO sectors. And as I said, increasingly, international organizations are looking towards the digital growth in the Philippines and wanting to be a part of it,” Mr. Parry said. — Ashley Erika O. Jose

Songs for Selina and the unspoken truths in the music industry

WITH its harrowing yet grounded portrayal of the music industry’s grim realities, Songs for Selina is set to open new conversations about the struggles of Filipino musicians who aspire to make it big.

The film follows Selina (played by Mica Javier) and Maya (Rachel Coates) as musical soulmates whose bond is fractured by the unforgiving and cutthroat nature of the industry they once dreamed of conquering together.

A theme of the film is the importance of independent storytelling in a commercially driven industry, according to one of the film’s executive producers, acclaimed Filipino R&B musician Jay R, who is also the chief songwriter of the movie’s original songs. At a virtual press conference on March 5, he explained that the film draws from real experiences.

“The message is for artists to be original because that’s the route we took for this movie. We didn’t license any songs. We created everything from scratch,” he said.

Aside from Ms. Javier and Ms. Coates, the cast boasts a strong ensemble of actors with film, theater, and music backgrounds. It includes Rachel Alejandro, Audie Gemora, Nicole Laurel, Leanne Mamonong, Gian Magdangal, and Jay R himself.

Another thing that sets the film apart is that the songs are diegetic, which means the music is part of the story, as if written and performed by the characters themselves. Jay R shared that the songwriting process for it was challenging compared to writing songs for himself.

“The songs have to hold up weight to be good enough to listen to on the radio. At the same time, it’s telling the story of what’s happening in the movie,” he explained. The original motion picture soundtrack, now on streaming platforms, mainly features solos and duet performances by the two lead stars.

For Ms. Javier, although Songs for Selina was shot back in 2019, the film remains very relevant in the US and the Philippines today. “It’s about the struggles of artists that are trying to make it in the industry and how those paths can be completely different,” she said.

“I think with TikTok, Instagram, and YouTube shorts, the internet is giving everyone access to what goes on behind-the-scenes. This increases exposure and awareness of issues like ghostwriting or creators’ works not getting properly monetized or paperwork problems,” she added. “It does happen in the industry. This movie doubles down on those facts.”

Ahead of the Philippine theatrical release on March 18, the film had been picked up by Amazon Prime US and Tubi for its North American release last year.

Ms. Javier explained that the film has become “a proof of concept that Filipino creatives, from behind the scenes to in front of the camera, can compete on a global level.”

Songs for Selina is also a way for Filipino talents to “put their best foot forward,” according to Ms. Alejandro, who plays a supporting role as a music industry bigwig.

“Filipino singing talent is one of the best, if not the best, in the world. I feel like it’s perfect that this film focuses on music and it’s a story about music. That’s who we are as Filipinos,” she said. “We’re putting our best foot forward in the world, showing what we do that’s so special and extraordinary.”

Songs For Selina, directed by Dean Rosen, is produced by Homeworkz Entertainment and distributed in the Philippines by Black Cap Pictures. — Brontë H. Lacsamana

Pacific Online acquires Belle treasury shares in P280-M transaction

THE 400-HECTARE Tagaytay Midlands Golf Club — BELLECORP.COM

PACIFIC ONLINE Systems Corp. (LOTO), a gaming and technology firm, has purchased 200 million treasury shares of Belle Corp., a developer of leisure, residential, and casino properties, at P1.40 per share in a P280-million transaction.

The deal follows Belle’s board approval of the sale and slightly increases the listed firm’s public float.

“Pacific Online shall provide the other details of its acquisition of part of Belle’s treasury shares through its filing of the requisite Material Related Party Transactions disclosure as this transaction is valued at more than 10% of the Company’s total consolidated assets based on its latest audited financial statements,” the company said in a disclosure on Thursday.

Belle Corp. said on Wednesday that its board approved the sale of up to 200 million treasury shares to raise fresh capital, which will be partly used for forthcoming projects.

“The sale of treasury shares will be done through the facilities of the Philippine Stock Exchange based, at the minimum, at prevailing market prices at the time of the sale,” the company added.

If fully subscribed, the transaction would increase Belle’s public float by roughly 1.12%, from 44.59%.

Belle, a portfolio investment of SM Investments Corp., develops club, golf, and residential facilities at Tagaytay Highlands and Tagaytay Midlands in Tagaytay City. Its subsidiary Premium Leisure Corp. oversees operations at the luxury casino resort City of Dreams Manila.

At the local bourse on Thursday, Belle rose 0.71% to P1.41, or up P0.01, while Pacific Online gained 0.6% to P1.69, also up P0.01. — Alexandria Grace C. Magno

Philippine banks’ profit growth may slow on narrowing margins

Peoples walk past automated teller machines in Makati City, June 23, 2016. — REUTERS

PHILIPPINE BANKS’ profit growth could slow down this year as the interest rate environment normalizes and with geopolitical risks adding more uncertainty to already gloomy economic prospects.

“Universal banks should continue to post positive earnings in 2026 but at a more moderate pace as loan growth cools and interest margins compress with potential policy easing,” Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera added in a Viber message.

“Increasing global volatility due to geopolitical tensions or US policy shifts can affect Philippine banks indirectly via capital flows, forex (foreign exchange) volatility, and investor sentiment.”

Latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking sector’s net income rose by 3.648% to P405.606 billion in 2025 from P391.33 billion in 2024.

Mr. Rivera said this growth was mainly supported by higher net interest earnings, lower loan loss provisions amid stable asset quality, and fee income from banks’ transactional and wealth management services.

The biggest gainers were those with strong retail and payments franchises, diversified fee streams, and controlled cost bases, he added, as these names are already experienced in balancing their consumer and corporate loan portfolios.

The country’s three largest private banks in asset terms, namely, BDO Unibank, Inc., Metropolitan Bank & Trust Co. (Metrobank), and Bank of the Philippine Islands (BPI), posted record profits in 2025 despite increasing competition in the industry, First Metro Investment Corp. Head of Research Cristina S. Ulang said in a Viber message.

BDO’s attributable net income climbed by 6.28% year on year to P87.17 billion in 2025, while Metrobank’s profit rose by 3.29% to P49.72 billion, and BPI’s earnings increased by 7.4% to P66.62 billion.

CONSUMER PUSH
Banks will likely continue to expand their consumer lending business this year as the segment remains largely untapped, April Lynn C. Lee-Tan, chief equity strategist at COL Financial Group, Inc., said in a Viber message.

She said there could be an increase in the industry’s nonperforming loans (NPL) as they grow their retail segments as these sectors are naturally riskier but offer better margins.

“Consumer expansion is likely to remain a focus, especially in mortgages and auto loans, but lenders will be more cautious and selective given credit risk considerations. Aggressive consumer targeting may continue in niches where credit scoring and digital engagement reduce risk, but broad-based rate wars are less likely,” Mr. Rivera added.

“Improvement in asset quality seen in 2025 with NPL ratios near multi-year lows should broadly persist, but pressures could emerge if growth remains soft and certain segments (micro, small, and medium enterprises and unsecured credit) slow or reprice. Prudent risk management and early intervention frameworks will be key to keeping NPLs contained through 2026.”

Ms. Ulang likewise said that asset quality will likely remain stable this year as lenders stay cautious due to lingering domestic and external risks.

Ms. Tan said credit and profitability risks could stem from escalating geopolitical concerns as the conflict in the Middle East could drive up oil prices and the US dollar.

“That would lead to higher inflation and hurt consumers. The peso could also weaken as investors turn risk averse and shift to safe-haven assets like gold, the US dollar and US bonds,” she said.

“A stronger US dollar can put pressure on the Philippine peso and increase hedging costs, while risk-off episodes can dampen investment and corporate borrowing,” Mr. Rivera added. “But the sector’s strong capital base, predominantly domestic funding, and relatively low direct foreign risk exposure mean that Philippine banks are generally well-positioned to absorb external shocks, even if volatility continues.”

Last month, the Monetary Board delivered a widely expected 25-basis-point (bp) cut for the sixth consecutive meeting, bringing the policy rate to 4.25% to support domestic demand as the country deals with the economic fallout from a corruption scandal that has affected consumer and investor confidence.It has now lowered benchmark borrowing costs by a total of 225 bps since it began its easing cycle in August 2024.

BSP Governor Eli M. Remolona, Jr. has said that they are open to supporting growth through monetary policy as long as easing does not cause inflation.

However, he said that they are now less certain about the policy path ahead despite a manageable inflation outlook, adding that rate cuts may not be enough to boost the economy amid lingering governance concerns.

Analysts have said that oil supply disruptions due to the widening conflict in the Middle East could stoke domestic inflation anew and give the BSP less space for further rate cuts. — Aaron Michael C. Sy

Stuff to Do (03/06/26)


Watch Disney and Pixar’s Hoppers

IN the animated film Hoppers, an all-star voice ensemble takes on a fun cast of animals — Kathy Najimy, Dave Franco, Meryl Streep, Piper Curda, Bobby Moynihan, and Jon Hamm. It is directed by Daniel Chong with an original score by Mark Mothersbaugh and capped off by an end-credits song from SZA called “Save The Day.” The film introduces Mabel (Curda), an animal lover who seizes the opportunity to test a new technology that allows her to “hop” into the body of a robotic beaver, making her communicate directly with animals. It leads her to uncover mysteries in the animal world beyond anything she could have imagined. Hoppers is now showing in Philippine cinemas.


See artworks by women

THE exhibition PaintHERs: Women in Arts will be on view at the Quantum Skyview, Upper Ground B, Gateway Mall 2 from March 7 to 15. On March 8, Binibining Pilipinas 2025 Globe Annabelle McDonnell and Binibining Pilipinas 2025 2nd runner-up Kathleen Espinido will officially open the show, along with a special performance from P-pop girl group KAIA. The exhibit features tattoo artists, with a tattoo pop-up where women can get both real and temporary tattoos. The event will also have side activities, including an art workshop, a flower bar, and a DIY pouch station.


Explore Sari Dalena’s work in a retrospective

THIS MARCH, a multi-site retrospective presents the cinema of filmmaker and professor Sari Dalena across the University of the Philippines Film Institute (UPFI), the Mowelfund Film Institute, the University of the Philippines Mindanao, The Green House Cinema (Davao), and Mindanao State University–Iligan Institute of Technology. Titled Counter-Archives of a Film Guerrera: A Retrospective of Sari Dalena’s Cinema, and curated by Patrick F. Campos, the program gathers Dalena’s documentaries, hybrids, experimental works, and video art into a sustained look at how film can function as a counter-archive. It opens March 6 at the UPFI Cine Adarna with a screening of Memories of a Forgotten War and Cinemartyrs, timed with the start of Women’s Month and in commemoration of 120 years since the 1906 Bud Dajo massacre, a central historical wound revisited by both films. Post-screening conversations will follow.


Play Pokémon Pokopia on Nintendo Switch

POKÉMON POKOPIA, a town-building game, is now on Nintendo Switch 2. The game is planned and co-developed by The Pokémon Company, Game Freak, Inc., and Koei Tecmo Games. Starting March 10, it will launch a seasonal event called “More Spores for Hoppip,” where the Cottonweed Pokémon named Hoppip will be arriving in town. Players must collect the special cotton spores available during the event period and become friends with Hoppip, Skiploom, and Jumpluff. The in-game event will run until March 25.


Watch Zootopia 2 in cinemas

DISNEY’S Zootopia 2 will be available on Disney+ this March. The film continues the adventure of rookie cops Judy Hopps and Nick Wilde as a new mysterious character, Gary de’Snake, arrives in Zootopia. To crack the case, the partner cops go undercover to discover new parts of the town entangling them in a wild escapade. After the success of Zootopia and Zootopia+ which have collectively been streamed over 805 million hours globally to date, Zootopia 2 will arrive on Disney+ on March 11.


Watch The Sandbox Collective’s Spring Awakening

ONGOING until March 22 at the Proscenium Blackbox Theater in Rockwell, Makati City, is The Sandbox Collective’s season opener, the Tony Award-winning rock musical Spring Awakening. With book and lyrics by Steven Sater and music by Duncan Sheik, the production is based on the Frank Wedekind play of the same name. Set in 19th century Germany, it tells the stories of teenagers exploring their burgeoning sexualities and rapidly changing bodies. This version is directed by Andrei Nikolai Pamintuan, with musical direction by Ejay Yatco. It also marks The Sandbox Collective’s first production under the leadership of its new artistic director, Sab Jose. Menchu Lauchengco-Yulo and Ana Abad Santos share the role of Adult Woman while Audie Gemora plays the Adult Man. Alongside them are Nacho Tambunting and Alex Diaz who share the role of Melchior Gabor; Nic Chien and Omar Uddin who alternate as Moritz Stiefel; and Sheena Belarmino who plays Wendla Bergmann. Spring Awakening is the inaugural show of The Black Box at The Proscenium Theater. Tickets are available via Ticket2Me (tinyurl.com/SandboxSpring2026).


Get nostalgic with Bagets the Musical

BAGETS THE MUSICAL, a stage adaptation of the 1984 coming-of-age film Bagets, follows a group of high school friends navigating adolescence, family, friendship, and young love. This production by Newport World Resorts, The Philippine Star, and VIVA Communications, is directed by Maribel Legarda, with a book by J-mee Katanyag and music by Vince Lim. The five leads are played by Sam Shoaf, Milo Cruz, Noel Comia, Jr., Ethan David, and Andres Muhlach. They alternate with Jeff Moses, Migo Valid, Tomas Rodriguez, KD Estrada, and Mico Hendrix Chua. Also in the cast are Neomi Gonzales, Natasha Cabrera, Mayen Cadd, Ring Antonio, and Carla Guevara Laforteza. Bagets the Musical runs until March 22 at the Newport Performing Arts Theater, Pasay City. Tickets, ranging in price from P1,000 to P4,000, are now available at the Newport World Resorts Box Office and via TicketWorld.


Travel the world with the Brickman Wonders

GMG PRODUCTIONS announced that the Manila leg of the global tour of the exhibition Brickman Wonders of the World has been extended until March 8 at The Space at Solaire. It features over 45 iconic landmarks from across the globe, all brought to life in LEGO brick form. Visitors can walk through recreations of famous sites such as the Taj Mahal, the Leaning Tower of Pisa, the Arc de Triomphe, and many more. Tickets are available exclusively on TicketWorld.

Batangas poultry marks milestone with first certified cage-free egg house

AKF’s Program Director awarding the cage-free certification to the SLC Agri-Farm Ventures, Inc.

For decades, egg production in Batangas — long known as the “Egg Capital of the Philippines” has largely relied on conventional battery cage systems. Today, that narrative begins to change.

The Animal Kingdom Foundation (AKF) proudly announces the certification of the first cage-free egg house in the province, marking a significant step forward for animal welfare and sustainable agriculture.

SLC Agri-Farm Ventures, Inc., located in San Jose, Batangas, has completed its transition to a cage-free housing system for laying hens. This milestone demonstrates that even in a province responsible for supplying a substantial portion of the country’s egg demand, producers can adopt humane, future-ready farming practices while remaining commercially viable.

“Transitioning was not an overnight decision,” shared Wilson Ang, owner of SLC Agri-Farm Ventures, Inc. “Years ago, we explored free-range and alternative systems, but there simply wasn’t enough market demand. Today, that has changed. Hotels are actively asking for cage-free eggs, and I can personally attest to that demand. The market is finally ready.”

A look inside the newly certified cage-free house of the SLC Agri-Farm Ventures, Inc.

The farm’s cage-free eggs are now supplied to hotels committed to meeting sustainability goals and strengthening responsible sourcing policies. By choosing cage-free, these institutions align their procurement practices with improved animal welfare standards while advancing their broader environmental and social commitments.

According to Atty. Heidi Caguioa, program director of AKF, the cage-free transition reflects years of sustained engagement and collaboration. “This is a breakthrough in our work of encouraging producers to take the leap toward cage-free systems,” she said. “Behind this milestone is extensive groundwork — educating farmers on standards, addressing operational and cost concerns, and building confidence that the market would respond.”

AKF played a central role in supporting SLC Agri-Farm Ventures, Inc. through consultations, technical discussions, and on-site assessments to guide the development of its first certified cage-free house. Acting as both technical partner and industry bridge, the organization helped ensure that the transition met established animal welfare standards while remaining practical for local production conditions.

Through partnerships like this, AKF continues to work with farmers, institutions, and industry stakeholders to accelerate the shift toward humane and ethical egg production. The organization envisions cage-free systems becoming a mainstream component of sustainable food production in the Philippines, where animal welfare, business viability, and consumer demand move forward together.

 


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STI posts 18% income growth despite slight enrollment decline

STI ACADEMIC CENTER in Sta. Mesa, Manila — STI.EDU

STI EDUCATION Systems Holdings, Inc. saw its net income rise 18% to P1.08 billion for the first half of its fiscal year, from P912.2 million in the same period last year.

For the six months ended December 2025, the listed educational institution’s gross revenues climbed to P2.83 billion, up 8% from P2.63 billion a year earlier.

In a statement on Thursday, STI Holdings said it recorded 132,941 total enrollees for school year (SY) 2025-2026, a slight drop from 139,155 the prior year due to public schools starting earlier on June 16, 2025, while STI Education Services Group (STI ESG) and STI West Negros University (STI WNU) began on July 28.

Tertiary program enrollment rose to 102,407 from 101,256 in the previous school year. Continuing students in Commission on Higher Education-regulated programs increased to 73,421, up 14% from 64,429 in SY 2024-2025.

STI WNU in Bacolod City recorded a 3% increase in enrollment to 14,890 students this school year.

The Philippine School of Business Administration (PSBA), managed by STI ESG, saw enrollees jump 45% to 1,583 from 1,095 the previous year, while iACADEMY in Makati and Cebu recorded 1,899 enrollees.

“STI Holdings stays committed to producing job-ready graduates by adopting specialized platforms for cybersecurity and computer-aided design for its Criminology and Information and Communication Technology programs, as well as Adobe Creative Cloud licenses for its Multimedia Arts program,” the company said.

“This initiative prepares students for industry-aligned certifications, aimed at further increasing competitiveness in the modern workforce,” it added.

STI Holdings’ financial year follows its academic calendar, beginning July 1 and ending June 30 of the following year.

At the stock exchange on Thursday, shares in the company rose 3.08% to close at P1.34 each. — Alexandria Grace C. Magno

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