Facebook Instagram Linkedin Twitter Youtube
Home Blog Page 198

Online mystery boxes: Are they worth it? What you need to know before buying

(This article is a paid content published on Spotlight, BusinessWorld’s sponsored section, and therefore does not reflect BusinessWorld’s views on the matter. The editorial staff is not involved in its creation. BusinessWorld does not have any legal liability on any decisions derived from reading advertisements published on its platforms. Readers are advised to thoroughly research and understand potential risks before availing products or services.)

Online mystery boxes have become very popular. Many people love the excitement of opening a box without knowing what is inside. These boxes may contain gadgets like smartphones, headphones, gaming consoles, or smartwatches. But are they really worth the money?

Before you buy an online mystery box, it’s important to understand the risks. Some mystery boxes give great value, but others can be disappointing. Some even turn out to be scams.

What Are Online Mystery Boxes?

An online mystery box is a package you buy without knowing what’s inside. It can contain random items, sometimes of high value, but sometimes just cheap accessories. Many online stores sell mystery boxes with the promise of big rewards.

Some companies claim that their boxes include high-end products like:
✔ Latest iPhones or Android phones
✔ PlayStation, Xbox, or Nintendo Switch
✔ Smartwatches and earbuds
✔ Laptops or tablets

While these offers sound tempting, there is always a risk. Some buyers end up with expensive gadgets, while others receive cheap, low-quality items.

Why Do People Buy Online Mystery Boxes?

The main reason people buy mystery boxes is excitement. The idea of getting a high-end gadget for a lower price is very attractive.

Other reasons include:

  • Surprise Factor – People love surprises and the thrill of opening a mystery package.
  • Possibility of Big Wins – Some boxes contain very expensive items, making buyers hope they will get lucky.
  • Trying Something New – It’s an easy way to discover new gadgets without choosing them.
  • Gift Idea – Mystery boxes are often given as gifts to family and friends.

However, mystery boxes don’t always give great value, which is why buyers should be careful.

The Risks of Buying Online Mystery Boxes

Not all mystery boxes are created equal. Some are fair and transparent, while others trick buyers into losing money. Here are the main risks you should know before buying one:

1. Low-Value Items

Many online mystery boxes promise expensive gadgets, but most people receive cheap or outdated items. For example, instead of a new smartphone, you might get a phone case or old charger.

2. Fake Promises

Some websites claim they offer high-end products, but they never actually include them in their mystery boxes. If you check reviews, you may find that no one has ever received a premium item.

3. Scam Websites

There are many scam websites that sell mystery boxes but never deliver the product. These sites take your money and disappear. That’s why it’s important to buy from trusted platforms.

4. No Refunds

Most mystery box sellers have a no-refund policy. This means that if you get a low-value item, you cannot return it. Once you buy the box, your money is gone.

5. Randomized Odds

Mystery boxes work like a lottery. The chance of getting a premium item is usually very low. Some websites do not explain the odds clearly, making buyers think they have a better chance than they really do.

How to Avoid Getting Scammed

Even though there are risks, you can still enjoy online mystery boxes if you buy from the right platform. Here’s how to stay safe when purchasing a mystery box:

  • Research the Seller – Check reviews on Trustpilot, Reddit, or forums to see what real customers say.
  • Read the Terms & Conditions – Avoid websites with unclear refund policies or vague descriptions.
  • Look for Transparency – Reliable platforms show actual odds and explain how their system works.
  • Check Payment Methods – Use secure payment options like PayPal or credit cards that offer protection.
  • Be Realistic – If a deal seems too good to be true, it probably is.

By following these tips, you can reduce the chances of losing money.

Is There a Safer Way to Buy Online Mystery Boxes?

Yes! While many mystery box websites lack transparency, there are platforms that offer a fair system for buyers.

Some websites provide clear odds, guaranteed value, and reliable shipping, making them a better choice for those who want to try their luck. Jemlit is one of the legit platforms where buyers can get real products instead of cheap fillers or scams.

If you’re interested in mystery boxes, always do your research and choose platforms that have positive reviews and fair policies to avoid disappointment.

Are Online Mystery Boxes Worth It?

Online mystery boxes can be fun, but they also come with risks. Some people get amazing deals, while others lose money. Before buying, always research the seller, check reviews, and read the fine print.

If you want to enjoy the excitement without the risk of scams, it’s best to choose a trusted platform like Jemlit, where you have clear odds and guaranteed value.

So, are online mystery boxes worth it? The answer depends on where you buy them and how much risk you are willing to take. If you go in with the right expectations and use a safe platform, they can be an exciting way to discover new gadgets.

 

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Philippines says voiced South China Sea concerns during ASEAN-China negotiations

PHILIPPINE COAST GUARD/HANDOUT VIA REUTERS

MANILA – The Philippines voiced concerns on the South China Sea, including incidents that endangered its vessels and personnel, during negotiations between ASEAN and China for a code of conduct in those waters, its foreign ministry said on Monday.

The Philippines, which hosted the latest round of talks last week, also reiterated its commitment to resolving disputes peacefully and pursuing constructive diplomatic approaches in managing differences at sea, the ministry said in a statement.

The South China Sea remains a source of tension between China and its Southeast Asian neighbors, with ties between Beijing and U.S. ally Manila at their worst in years amid frequent confrontations that have sparked concerns they could spiral into conflict.

In February, the Philippines coast guard accused the Chinese navy of performing dangerous flight maneuvers near a government aircraft patrolling a disputed shoal in the South China Sea, an account Beijing disputed.

The Association of Southeast Asian Nations and China pledged in 2002 to create a code of conduct, but it took 15 years to start discussions, and progress has been slow.

During the negotiations from April 9-11, the countries also tackled so-called “milestone issues,” the Philippines’ foreign ministry said. These issues refer to critical points, including the code’s scope and whether it can be legally binding.

Beijing claims sovereignty over most of the South China Sea, which it asserts through a fleet of coast guard and fishing militia that some neighbors accuse of aggression and of disrupting fishing and energy activities in their exclusive economic zones.

China insists it operates lawfully in its territory and does not recognize a 2016 arbitration ruling that said its claim has no basis under international law.

“The meeting was an opportunity for the Philippines to strongly call for the need to adhere to international law, particularly the UN Convention on the Law of the Sea, and the 2016 South China Sea Arbitral Award,” the ministry said. — Reuters

LT Group, Inc. to convene for Annual Meeting of Stockholders on May 7 via Zoom

 

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Indian shrimp industry sails in troubled waters after Trump tariffs

STOCK PHOTO | Image by magdus from Pixabay

GANAPAVARAM, India/GUAYAQUIL, Ecuador – Turbulence unleashed by President Donald Trump’s tariffs could rock global shipments of shrimp to the United States, with exporters in biggest supplier India saying they endanger 2,000 containers packed with the frozen delicacy.

But Ecuador, thousands of kilometers nearer to the United States faces a lower tariff rate and stands to benefit, the exporters say, as shrimp is its most important export after oil.

India’s shrimp industry is staring at a tariff of 26% under Trump’s July plan, which threatens a thriving $7-billion seafood export market heavily reliant on U.S. supermarket chains such as Walmart and Kroger as buyers look to renegotiate rates.

Farmers are seeing demand dry up amid the uncertainty as exporters have cut offer prices by a tenth since the tariffs.

“We are suffering huge losses,” said S.V.L. Pathi Raju, 63, standing by the aquaculture pond where he feeds and grows shrimp in India’s southern coastal state of Andhra Pradesh.

“We don’t know who can resolve our price issues,” added Raju, one of several families in the state’s remote village of Ganapavaram grappling with dwindling sales to exporters.

Many also face high payments for shrimp feed and rentals for the land where the saline ponds have been set up.

“I am not sure how I will sustain prices,” said another farmer, 60-year-old Uppalapati Nagaraju, adding that he had been entirely unaware of the concept of tariffs.

“Had I known, I would not have started my cultivation.”

In the face of erratic demand from exporters, he now regrets having begun shrimp cultivation just 15 days before the tariff news. Although Trump has delayed the 26% rate until July, even the current rate of 10% has made exporters skittish.

The United States and China are among India’s major markets for seafood exports that touched $7.3 billion last year, on a volume of 1.8 million metric tons that was an all-time high.

Shrimp formed the major component, with the 300,000 farmers of Andhra Pradesh contributing the most to industry supplies, accounting for 92% of India’s seafood exports of $2.5 billion last year to its biggest market, the United States.

Industry representatives have joined a state government panel weighing the impact of tariffs and looking for ways to boost exports to other countries, such as China.

But the exporters fear Ecuador’s competitive edge from Trump’s planned lower tariff rate of 10% for the South American nation, particularly since it is much closer to the United States, its second biggest market for shrimp.

Yet Ecuadorean producers, with $1.55 billion in shipments in 2024, are less optimistic.

Although U.S. consumers have fueled growth in the area of processed shrimp, Ecuador has yet to attain the capacity to replace India’s production, said Jose Antonio Camposano, president of its National Chamber of Aquaculture.

India “will be obliged to look for other markets where Ecuador is selling, like China and the European Union, so we’ll have more pressure in other markets,” Mr. Camposano added.

 

JOURNEY OF 40 DAYS

Reuters visited one Indian factory where shrimp was washed and machine sorted automatically by size before a manual quality check by workers in masks and gloves. Then a conveyor belt whisked the seafood away to be quick-frozen.

Thousands of tons of frozen shrimp leave Andhra Pradesh each year on a voyage that usually takes 40 days to arrive at ports in New York, Houston and Miami, en route to restaurants and the shelves of retailers such as Safeway and Costco.

The chief of India’s seafood exporters group, G. Pawan Kumar, said he was worried about shipping containers already packed with frozen produce at previously agreed rates now set to be renegotiated by U.S. buyers following the tariffs.

“Ten percent is high, we exporters operate on a 3% to 4% margin,” said Kumar, president of the Seafood Exporters Association of India, which is pushing the government to win the industry exemptions in trade talks with the United States.

“It’s game over” for the Indian industry if the tariff rate of 26% takes effect in July, said one shrimp exporter, who spoke on condition of anonymity.

He was in talks with U.S. clients who did not want to fully absorb the 10% tariff, he said, pointing to the risk of earning no profit if he had to sell 130 shipping containers already packed.

In Texas, the seafood section at a Walmart supermarket was piled high with packs of frozen shrimp, among them a “jumbo” variant labelled a product of India and priced at $7.92, under Walmart’s own “Great Value” brand.

“We have built long-lasting and deep relations with suppliers over the years,” said Latriece Watkins, the chief merchandising officer for Walmart in the United States. “We expect that to continue, going forward.” – Reuters

NTC activates nationwide Holy Week 2025 public assistance operations

The National Telecommunications Commission (NTC) officially activated its annual nationwide public assistance operations for the HOLY WEEK 2025, directing all Regional Directors to coordinate with the National Disaster Risk Reductions and Management Councils (NDRRMCs), Civic Action Groups (CAGs) and Amateur Radio Groups (ARGs) that will render public assistance operations within their respective areas of jurisdiction and extend assistance to the LGUs and NDRRMC.

In a Memorandum dated April 7, 2025, all Regional Directors were instructed to determine the appropriate assistance the Commission may provide, such as issuance of the necessary temporary permits and licenses, to lend assistance and ensure the safety of our kababayans who will be traveling to various parts of the country.

The assistance of radio, television and cable TV stations/operators have also been enlisted for the proper and timely dissemination of related information.

The preparatory reports to be submitted to the Office of the Commissioner contain the list of participating CAGs and ARGs, the areas and routes covered, operating frequencies and contact details of point persons for the duration of the operations.

The Regional Offices are also directed to monitor the operations of the CAGs and ARGs in their areas of jurisdiction and submit ongoing and post-operation reports to the Office of the Commissioner.

This annual public service activity organized by the NTC and its Regional Offices aims to ensure the safe travels of Filipino families during their traditional pilgrimage to the provinces during Holy Week.

 

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Russian missile strike kills 34 in Ukraine’s Sumy, Kyiv says

UKRAINE and Russian flags are seen through broken glass in this illustration taken March 1, 2022. — REUTERS

SUMY, Ukraine/KYIV – Two Russian ballistic missiles slammed into the heart of the northern Ukrainian city of Sumy on Sunday, killing 34 people and wounding 117 in the deadliest strike on Ukraine this year, officials said.

President Volodymyr Zelenskiy demanded a tough international response against Moscow over the attack, which came with U.S. President Donald Trump’s push to rapidly end the war struggling to make a breakthrough.

Dead bodies were strewn on the ground in the middle of a city street near a destroyed bus and burnt-out cars in a video posted by Mr. Zelenskiy on social media.

“Only scoundrels can act like this, taking the lives of ordinary people,” he said, noting that the attack had come on Palm Sunday when some people were going to church.

“You know, the people who are fighting against us always say that they are Orthodox (Christian) believers, that they believe in God, but we have experienced first-hand terrorism today. I have no words,” said 27-year old PhD student Yevhen, a local resident who declined to give his surname.

The leaders of Britain, Germany and Italy condemned the attack.

“These attacks show just what Russia’s supposed readiness for peace is worth,” German Chancellor Olaf Scholz wrote on social media.

U.S. Secretary of State Marco Rubio in a statement expressed condolences for the victims and said the attack was a “tragic reminder of why President Trump and his Administration are putting so much time and effort into trying to end this war.”

Mr. Zelenskiy, in an interview with CBS News’ “60 Minutes” aired on Sunday, urged Trump to visit Ukraine.

“Please come to see people, civilians, warriors, hospitals, churches, children, destroyed or dead,” Mr. Zelenskiy said in a video clip the program posted on social media.

During the interview, which took place on Friday, Mr. Zelenskiy was asked if the United States had Ukraine’s back.

After a brief pause, Mr. Zelenskiy replied: “Even in this pause of mine, there’s a problem, because I want to answer truthfully and quickly that the United States is our strategic, strong partner,” he said. “But the pause is doubt. I don’t doubt that the people of America are with us, but in a long war, many details are forgotten.”

He called on the United States to provide forces as part of an international peacekeeping effort, specifically asking for Washington to help protect Ukrainian airspace with aircraft.

Under Trump’s administration, U.S. officials have held separate rounds of talks with Kremlin and Kyiv officials to try to move toward a cessation of hostilities in Ukraine.

Russian authorities did not immediately respond to a Reuters request for comment. Russia denies targeting civilians but thousands have been killed and injured in its invasion of Ukraine.

A separate Russian drone attack injured five people in the Black Sea port city of Odesa late on Sunday and damaged a medical facility, regional officials said.

The Sunday attacks followed a missile strike in the central Ukrainian city of Kryvyi Rih, Mr. Zelenskiy’s hometown and far from the ground war’s front lines in the east and south, this month that killed 20 people, including nine children.

Sumy, with a population of around a quarter of a million and located just over 25 km (15 miles) from the Russian border, became a garrison city when Kyiv’s forces launched an incursion into Russia in August.

Sumy’s acting mayor, Artem Kobzar, announced three days of mourning for the victims starting from Monday.

The people who were caught in Sunday’s strike were out on the street or inside cars, public transport and buildings when the missiles hit, Interior Minister Ihor Klymenko said.

“Deliberate destruction of civilians on an important church feast day,” he wrote.

Andriy Yermak, Mr. Zelenskiy’s chief of staff, said the missiles contained cluster munitions. “The Russians are doing this to kill as many civilians as possible,” he said.

 

INFORMATION LEAK?

Maryana Bezuhla, an outspoken Ukrainian lawmaker known for her sharp public criticism of military commanders, suggested on the Telegram app that the attack had taken place due to information about a gathering of soldiers leaking out.

Reuters was not able to verify that information, and Ms. Bezuhla did not post evidence.

Local resident Pavriz Manakhov told Reuters that he had not seen soldiers in the area.

“We live in the city center, there is no military base, there are no soldiers here,” Mr. Manakhov said.

Russia launched a full-scale invasion of Ukraine in February 2022 and currently holds nearly 20% of the neighboring country’s territory in the east and south. Russian forces have been slowly advancing in the east.

Foreign Minister Andrii Sybiha said Kyiv was “sharing detailed information about this war crime with all of our partners and international institutions.”

The International Criminal Court in The Hague, which Ukraine officially joined this year, is conducting investigations into high-profile cases of alleged war crimes in the conflict.

The U.S. in late March said it reached agreement with Russia and Ukraine on two ceasefire accords, including one that would ban strikes on each other’s energy infrastructure. Both sides have repeatedly accused each other of breaking the moratoriums.

On Sunday, Russia’s defense ministry accused Ukraine of having carried out two attacks on Russian energy infrastructure over the previous day.

Mr. Witkoff, Mr. Trump’s special envoy, held talks with Mr. Putin on Friday in St. Petersburg on the search for a Ukraine peace deal. Mr. Trump told Russia to “get moving.” – Reuters

Shell Pilipinas Corp. to hold virtual Annual Stockholders’ Meeting on May 13

 

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

More rate cuts expected in 2nd half

BW FILE PHOTO

THE Bangko Sentral ng Pilipinas (BSP) is back on its easing track, analysts said, with rate cuts seen in the second half of the year.

“Given current projections of ‘target-consistent’ inflation and the outlook of a fragile global economy, the BSP will likely continue easing monetary conditions,” the Metrobank Research and Market Strategy Department said in a report.

It noted that the central bank will also likely maintain “a cautious approach as markets brace for the impacts of the trade war instigated by Donald J. Trump.”

The BSP on Thursday resumed its rate-cutting cycle, delivering a widely expected 25-basis-point (bp) rate cut. This brought the target reverse repurchase rate (RRP) to 5.5% from 5.75% previously.

BSP Governor Eli M. Remolona, Jr. signaled further rate reductions this year as the benchmark is still “slightly restrictive.”

However, he noted rate cuts will still likely be delivered in “baby steps” or in 25-bp increments. He said the central bank is also unlikely to lower rates at every policy meeting this year.

Mr. Remolona also told Bloomberg TV on Friday they would only consider cutting at every meeting in a “hard-landing scenario,” which was unlikely.

For its part, Metrobank expects the BSP to deliver one more 25-bp cut this year.

“After today’s 25-bp cut, we expect one more similar-sized cut this year, which will bring the target RRP to 5.25% by yearend.”

“Weak economic growth, however, could give space for the BSP to squeeze in an additional 25-bp rate reduction toward the end of the year. This is increasingly becoming our baseline scenario,” it added.

HSBC Global Research economist for ASEAN (Association of Southeast Asian Nations) Aris D. Dacanay said the central bank has “swung into dovishness.”

The BSP last week said it has shifted towards a “more accommodative” monetary policy stance.

Mr. Dacanay expects the Monetary Board to reduce rates two more times this year, through 25-bp cuts at each of its August and December meetings. This would bring the key rate to 5% by end-2025.

“This implies that the BSP will cut in alternate rate-setting meetings (i.e. no rate cuts in June and October),” he added.

There are four more Monetary Board policy meetings this year, with the next slated for June 19.

“The BSP will likely employ a very cautious approach when easing given the large degree of uncertainty in global trade policy and, interrelatedly, the risk of FX (foreign exchange) volatility,” Mr. Dacanay said.

ANZ Research likewise expects the central bank to cut rates in the third and fourth quarters at 25 bps each.

“Given the improvement in the inflation outlook and the downside risks to growth, we now expect two more rate cuts by the BSP, bringing the policy rate to 5% in 2025,” it said in a report.

Meanwhile, Nomura Global Markets Research sees an additional 75 bps worth of rate cuts this year.

“With BSP also acknowledging that growth headwinds are increasing due to global trade policy uncertainty, along with our new inflation forecasts, we now forecast another 75 bps of rate cuts, taking the terminal rate to 4.75% this year.”

Nomura also noted the possibility of another 25-bp cut “if inflation surprises lower.”

INFLATION OUTLOOK
Analysts said the easing inflation outlook is one of the main reasons behind the expectation for further rate cuts.

For its part, Metrobank expects headline inflation to settle at 3% this year.

The central bank slashed its risk-adjusted inflation forecasts to 2.3% in 2025 from 3.5% previously and to 3.3% in 2026 from 3.7% previously.

The latest data from the local statistics authority showed inflation slowed to 1.8% in March, its slowest rate in nearly five years.

Mr. Remolona also told Bloomberg TV that they are considering reviewing their current inflation targets as they are “not sure whether it’s at the right level.”

The current 2-4% target band’s midpoint is at 3%, which may be “a bit high.”

The central bank is reviewing its projections and could possibly adjust its target to 2.5%, he added.

“With the inflation outlook benign, the tariffs provide an added rationale for more monetary easing,” Nomura said.

Metrobank flagged the risk of imported inflation amid global trade uncertainties.

“Potentially higher global commodity prices could seep through to the domestic market,” it added.

Mr. Trump last week announced a 90-day freeze on the steep new reciprocal tariffs on most of its trading partners but kept the baseline rate of 10%.

“There is a downside risk of the easing cycle being done faster,” Mr. Dacanay said, citing the possibility of deteriorating global growth conditions.

“The US reciprocal tariffs will likely take a toll on global growth. But the degree of the impact is highly uncertain with tariff policies changing by the week.”

Mr. Dacanay said that if the interest rate differential widens between the BSP and US Federal Reserve, this could prompt the former to ease rates.

“This will be the case if US inflation rises due to higher tariffs, while inflation in the Philippines remains low due to excess capacity of manufacturers or exporters around the world on the back of low US demand.”

Some economists now expect the US Federal Reserve to delay the resumption of its easing cycle until later this year after pausing in January.

“If foreign investors demand Philippine assets to insulate themselves from global financial market volatility, the peso might exhibit resilience, which, in turn, could give the BSP room to cut policy rates faster or more than the Fed,” Mr. Dacanay added.

The peso closed at P56.97 against the dollar on Friday, strengthening from the P57.35 finish on Thursday.

“Given the BSP’s narrower interest rate differential of 100 bps with the Federal Reserve, USD/PHP may be pressured in the near term but is still expected to settle at P57.70 by yearend,” Metrobank said.

The BSP’s recent reserve requirement cut will also pave the way for its monetary easing.

“The continued policy easing along with the reduction in the reserve requirement ratio which took effect in March should provide a more accommodative policy environment to further boost private consumption and investment,” Metrobank said.

Effective late last March, the BSP cut the reserve requirement ratio (RRR) of universal and commercial banks and nonbank financial institutions with quasi-banking functions by 200 bps to 5% from 7%.

“Recent cuts to the RRR are still feeding through the system and helping policy transmission,” Nomura added. — Luisa Maria Jacinta C. Jocson

PHL may grow below 6% amid flip-flopping US tariff policy

BUILDINGS in the central business district are seen from Manila Bay. — PHILIPPINE STAR/RYAN BALDEMOR

ANALYSTS have lowered their gross domestic product (GDP) growth forecast for the Philippines this year, amid the US government’s flip-flopping trade policies.

In a recent report, Nomura Global Markets Research trimmed its GDP forecast to 5.9% for this year from 6% previously.

“Taking into account the impact of the US reciprocal tariffs, we now forecast a more moderate pickup in GDP growth to 5.9% year on year in 2025 from 5.6% in 2024,” Nomura analysts Euben Paracuelles and Nabila Amani said.

This would be a tad below the Development Budget Coordination Committee’s  6-8% target band for 2025.

First-quarter GDP data will be released on May 8.

Nomura said it revised its growth forecasts after US President Donald J. Trump announced the order to impose reciprocal tariffs on April 2.

Data from Nomura showed the scenarios by which countries in Asia could be affected by varying tariffs.

Under a “bad scenario” or if reciprocal tariffs proceed as planned, including the 125% tariff on China, the export value at risk for the Philippines is 0.5% of GDP.

In a “good scenario” or if only the baseline 10% tariffs are implemented, as well as China’s 125% duty, the Philippines’ export value at risk from tariffs is at 0.4% of GDP.

On April 9, Mr. Trump suspended the implementation of the higher reciprocal tariffs for 90 days. The 125% tariff on China as well as the baseline 10% rate is still in effect.

In a separate report, ANZ Research also slashed its growth forecast for the Philippines due to the potential impact from tariffs.

If reciprocal tariffs go ahead, ANZ said GDP could grow as slow as 5.2% this year, much lower than its current 5.7% forecast.

“We expect the April 2 tariffs would have a variable degree of impact across Asian economies,” it said.

ANZ said it will also likely revisit its forecasts once there is clearer guidance on the United States’ tariff orders.

“Risks to growth are still to the downside even if the final tariffs are retained at 10%. The rate will still be higher than implied by existing differences in bilateral tariffs,” it said.

“We do not think that Asian exporters can benefit from the 90-day window as US imports had already surged ahead of the April 2 tariff announcements. More importantly, Asian governments would not want to risk a further widening of trade surplus with the US in the event it hampers a constructive trade deal.”

On the other hand, Nomura said growth this year will be driven by public investment spending due to the “government’s strong push for more progress on infrastructure projects, with an added short-run impetus from the midterm elections.”

“This should continue to crowd in private investment, while inflation remains benign, boosting household purchasing power, alongside robust labor market conditions.”

‘DOWNSIDE SURPRISES’
Meanwhile, Nomura also lowered its Philippine inflation forecast to 2.2% this year from 2.7% earlier.

These forecasts take into account “downside surprises,” Nomura said, citing the sharply slower inflation in March to 1.8%.

“The output gap remains negative, and the impact of lower rice import tariffs on food inflation, in addition to more supply-side measures from the government, should keep inflation in check,” it added.

ANZ expects inflation to settle at 2.9% this year accounting for tariff impacts. Without tariffs, inflation could average 3.4%.

“Unlike the likely inflation dynamics in the US, we think that disinflation will intensify in all economies,” it said.

“The stipulated tariffs represent a material demand shock that will lead to a loss of corporate pricing power and wage growth. Furthermore, cheaper imports from mainland China will accentuate downward pressure on prices.”

The Bangko Sentral ng Pilipinas (BSP) expects inflation to settle at 2.3% this year and 3.3% in 2026. — Luisa Maria Jacinta C. Jocson

Debt service declines in February

BW FILE PHOTO

THE NATIONAL GOVERNMENT’S (NG) debt service slumped year on year in February as amortization payments declined, the Bureau of the Treasury (BTr) said.

Latest data from the BTr showed payments made by the NG for its debt plunged by 82.24% to P52.15 billion in February from P293.62 billion in the same month last year.

Month on month, debt service slid by 51.03% from P106.51 billion in January.

Debt service refers to payments made by the NG on its domestic and foreign debt.

In February, interest payments accounted for the bulk or 92.89% of total debt service, while the rest went to amortization.

The government’s repayment of its loan principal or amortization declined by 98.49% to P3.71 billion in February from P245.79 billion a year ago.

This was mainly due to the 99.95% drop in amortization on domestic debt to P121 million in February from P243.63 billion in the same month in 2024.

External principal payments, on the other hand, increased by 65.88% to P3.59 billion in February from P2.16 billion in the same month last year.

On the other hand, interest payments inched up by 1.29% to P48.45 billion in February from P47.83 billion in the same month a year earlier.

Domestic interest payments fell by 22% to P42.07 billion in February from P34.35 billion a year ago. Broken down, P20.74 billion went to interest payments for fixed-rate Treasury bonds, P16.87 billion for retail Treasury bonds, and P4.42 billion for Treasury bills.

Interest payments on external debt went down by 52.67% to P6.38 billion in February from P13.48 billion a year ago.

For the first two months of 2025, the government’s debt service declined by 64.94% to P158.66 billion from P452.51 billion in the same period last year.

Amortization payments for the January-to-February period plunged by 98.25% to P5.78 billion from P330.47 billion a year ago.

Principal payments on domestic debt slumped by 99.82% to P438 million, while those for external debt declined by 93.83% to P5.35 billion.

On the other hand, interest payments rose by 25.26% to P152.88 billion as of end-February from P122.05 billion in the same period a year ago.

Interest payments accounted for 96.35% of the total debt repayments in the first two months of 2025.

Interest payments on domestic debt jumped by 37.49% to P114.35 billion, while external debt payments dipped 0.9% to P38.53 billion.

“The debt service bill for February declined mainly due to lower obligations on Treasury bonds for the month,” Oikonomia Advisory and Research Inc. economist Reinielle Matt M. Erece said.

“One of the other factors that also contributed to the lower bill would be the peso appreciation experienced since February, which meant lower foreign payments.”

The peso closed at P57.995 against the greenback at end-February, appreciating by 37 centavos from its P58.365-per-dollar finish at end-January.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said there was a lower amount of maturing debt in February compared with a year ago.

Mr. Ricafort noted that lower interest rates also mitigated the rise in interest payments.

“Further cuts in Fed rates that could be matched locally could also help temper the increase in interest payments if there would be additional/new borrowings,” he added.

Mr. Ricafort noted the maturing government securities in April 2025 and from August-September 2025 “could lead to more borrowings to somewhat pay off or borrow again to replace the maturing debt.”

In the near term, Mr. Erece expects the debt service bill to stabilize.

“However, I expect higher debt servicing obligations in the long term as a result of higher borrowings this year,” he added.

The NG’s debt stock rose to a fresh high of P16.63 trillion as of end-February but the BTr said this level “remains manageable.” — Aubrey Rose A. Inosante

A new benchmark for impeccable service and sustainable living

ELURIA | ARTIST’S PERSPECTIVE: Embrace serenity and sophistication as the warm hues of dusk envelop.

By Jomarc Angelo M. Corpuz

Premium green, sustainability, and hospitality are today’s benchmarks in the ultra-luxury residential segment. Developments with aesthetically pleasing spaces, environmentally friendly features, and world-class services typically attract discerning buyers seeking an elevated lifestyle.

One such development poised to make waves in the Philippine real estate scene is listed property developer ARTHALAND’s recently launched premium residence, Eluria. This sought-after condominium will set new standards for sustainable living. With only 37 units on 31 floors, this project offers a rare blend of privacy, sustainability, and personalized service.

“We are very excited to launch this because we had the opportunity to introduce the ARTHALAND way of developing, which focuses mainly on two things: sustainability at the highest levels and world-class quality,” ARTHALAND Executive Vice-President Christopher G. Narciso said.

The project broke ground in November 2024 and the handover will begin at the end of this year. Unlike traditional developments focusing solely on topping-off ceremonies, ARTHALAND showcased Eluria’s progress in an event held last March 27, emphasizing structural integrity and high-end finishes.

“Eluria’s journey to completion is basically telling people how the development is going towards ready-for-handover soon and that this significant milestone will happen six months ahead of schedule,” ARTHALAND Senior Vice-President and Chief Sustainability Officer Oliver Chan said during the event’s media roundtable.

ARTHALAND and ARCH Capital TEAM celebrate Eluria’s Journey to Completion. Christopher G. Narciso, Executive Vice-President, ARTHALAND; Sheryll P. Verano, Senior Vice-President, ARTHALAND; Eric Manuel, Head of Philippines, ARCH Capital; Jaime C. González, Vice-Chairman and President, ARTHALAND; Oliver L. Chan, Senior Vice-President and Chief Sustainability Officer, ARTHALAND; Bettina Capistrano, Assistant Manager, ARCH Capital; and Cornelio S. Mapa, Treasurer and Executive Vice-President, ARTHALAND.

With a name embodying the concept of flourishment, the development will feature a ground-floor lobby and entrance, eight levels of parking (three slots allocated per unit and five slots for five-bedroom residences), an amenities floor, 20 residential levels, and a rooftop deck. Residents will also have access to premium amenities, including a two-lane heated saltwater pool for leisure and laps, an indoor playroom for children, a function hall for gatherings, and a Potager garden on the rooftop.

A valuable, uncompromising choice

Living Area | Actual Show Suite Photo
You can seamlessly entertain family and friends in this beautifully designed living space.

The development caters to a niche yet discerning clientele with units starting at approximately 288 square meters and priced between P150 million and P270 million. Eluria is perfect for empty nesters wanting to downsize from their mansions without compromising on comfort or successful entrepreneurs seeking a home that elevates their lifestyle.  

“Five years from now, 10 years from now, if you do need to leave your unit for your kids or grandkids, the value of a newly redeveloped area would actually be better than something that has been developed and finished already today. So, I think, on both the end-user and investor side, it would be a very good development,” Mr. Chan said. 

The property value of Eluria is projected to live up to its name amid appreciating real estate prices and redevelopment of the project’s neighboring areas. In fact, early investors who availed of the P450,000 per square meter price during the ARTHALAND residence’s pre-development sale are already seeing significant gains, with the real estate developer already selling units at P515,000 per square meter.

Over 50% of units are sold as ARTHALAND carefully builds a harmonious community within Eluria. Each of the development’s 37 homeowners will have unique preferences and expectations, and maintaining balance is essential. Given that the high-end condominium consists of only one or two units per floor, the developer aims to ensure that future residents share a cohesive living environment.

Inspired by Nature and Contemporary Living

Entrance Hall | Actual Show Suite Photo
Step into serenity where sophistication meets sustainable design.

Eluria draws its biggest inspiration from the harmony between nature and contemporary living. Its unique look is the result of a collaborative effort by renowned architects, visionary designers, and environmental experts. Their collective vision has transformed Eluria into an exquisite sanctuary that seamlessly integrates sustainable architecture with timeless design.

The architect of Eluria, Michael Banak of FMB Architects, describes it as the pinnacle of his work. “This is the best building I’ve done,” Mr. Banak said.

To maximize space and comfort, the structure was designed with only two elongated residences per floor, allowing residents to bask in natural daylight from three sides and enjoy cross ventilation. According to Mr. Banak, the goal was to ensure that residents of this vertical living space could still enjoy the same quality of life as someone living in a house with a garden.

Additionally, Eluria’s façade showcases light-colored precast concrete imbued with the warmth of wood and bronze, presenting a confident posture amidst the bustling metropolis. This linear design, coupled with gardens and facades similar to the Hawaiian roofed, open-sided veranda called lanai, evokes a sense of peace and calm in the middle of one of Metro Manila’s busiest central business district.

Heightened service

Office | Actual Show Suite Photo
This generous office space showcases the future of work, where green practices and innovative design come together harmoniously. It can also be converted into your guest bedroom or gym.

Its top-notch white glove service truly sets the development apart from other ultra-luxury residential condominiums. Carefully selected for their professionalism, attention to detail, and excellent interpersonal skills, hospitality directors from ARTHALAND will undergo an intensive 10-week training program through The International Butler Academy (TIBA) in the Netherlands.

“Now, because there are only 37 units, personalized service will be on a different level. I think that’s what you look for when you live in a condominium—service that would actually be very personal, ready to get whatever you need, whether it’s something to be fixed within your unit or a quick grocery run for something you’re preparing for,” Mr. Chan said.

These directors will work on each unit’s valet box, a secure, UV-sterilized storage unit where residents can safely store their parcels, dry cleaning, and other deliveries. It is conveniently accessible from the residence’s service area, where the staff can retrieve items without going through the main entrance. This unique feature will allow residents to enjoy privacy and peace of mind, with elevators that provide private access to their unit’s floor and to the amenity floor.

A sustainable abode

Primary Bedroom | Actual Show Suite Photo
Relaxing escape from the hustle and bustle of the metropolis

Sustainability and wellness are woven into every aspect of Eluria. The development’s notable sustainable features include enhanced natural lighting, a water collection and recycling system, advanced contactless smart technology, and designated parking spaces with pre-installed electric vehicle charging capabilities.  

The property is also designed with 25% of the overall site area dedicated to vegetated and open spaces, home to endemic and threatened plant species. Architecturally, Eluria possesses wind scoops, light wells, exhaust fans, operable windows, and an efficiently planned building envelope with a 35% glass ratio to optimize natural ventilation and daylight. Dedicated bicycle storage per residential unit, bicycle facilities with racks, and repair stations also help promote green transportation for the Eluria community. 

Due to these numerous sustainable features and wellness amenities, the development has been pre-certified by the US Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system as Gold, denoting that a building has excelled in its sustainable design and operation. 

Similarly, Eluria is registered for the International WELL Building Institute (IWBI) WELL certification, EDGE Buildings certification, and the Philippine Green Building Council’s (PHILGBC) BERDE certification, ensuring that residents enjoy the highest quality of life while minimizing their environmental impact. 

With only a few units left, discerning buyers still have a chance to claim a home in what will be Makati’s most prestigious address before it’s completely sold out.  

Explore Eluria or schedule a private tour of Arthaland’s elegant show suite on the 6th floor of Arthaland Century Pacific Tower in Bonifacio Global City. For more information, visit www.arthaland.com.

 

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Hotel101 expected to list on Nasdaq this quarter

DOUBLEDRAGON.COM.PH

DOUBLEDRAGON CORP. (DD) said its hotel subsidiary Hotel101 Global Pte. Ltd. is expected to have its $2.3-billion listing on the Nasdaq Stock Exchange within the second quarter.

“The company confirms that it is on track for the listing compliance requirements to list its subsidiary Hotel101 Global at Nasdaq with the US Securities and Exchange Commission (SEC) and is expected to conduct its listing within this quarter,” DD said in a disclosure to the Philippine Dealing System Holdings Corp. dated April 11.

DoubleDragon issued the statement in response to a news report, which indicated that Hotel101 Global Pte. Ltd. has until July 23, to finalize its merger with JVSPAC Acquisition Corp., a special-purpose acquisition company (SPAC), in connection with its proposed Nasdaq listing.

Hotel101 will list on the Nasdaq via a merger with JVSPAC.

The two entities signed a merger agreement in April last year and were scheduled to close in the second half of 2024. The combined entity will trade under the ticker symbol “HBNB.”

In February, Hotel101 filed its F-4 registration statement, which is a filing required by the US SEC for the registration of certain securities by foreign issuers.

DD is set to be the first Filipino company to have a subsidiary list and trade on the Nasdaq.

“(The listing) is expected to further boost DD’s revenue, asset, and equity base and is also expected to enable DD to generate foreign currency inflow to the Philippine economy,” DD said.

This year, DD said it is poised to generate P51.3 billion in fresh equity capital with the nearing Nasdaq listing of Hotel101, and the equity follow-on as well as the real estate investment trust (REIT) public listing of its subsidiary CentralHub.

DD is engaged in real estate development, including retail leasing, office leasing, hospitality, and industrial leasing.

Hotel101 aims to have one million operating hotel rooms across the world by 2050, of which 50,000 will be in the Philippines.

DD shares were last traded on April 11, down by 4.05% or 35 centavos to P8.30 per share. — Revin Mikhael D. Ochave

1...197198199...12,721Page 198 of 12,721
© 2024 BusinessWorld Publishing.
All rights reserved.
Read our privacy guidelines
Facebook Instagram Linkedin Twitter Youtube