Facebook Instagram Linkedin X Youtube
Home Blog Page 1981

Seven arrested in NBI cockpit raid

BAGUIO CITY — A cockpit operator and 6 more, including his employees and bettors, were taken by the National Bureau of Investigation (NBI) in Alaminos District Office after they were found illegally holding cockfights at the Lafa Cockpit Arena in Barangay Seselangen in Sual, Pangasinan.

Ariel Rabara Borjal, cockpit operator and manager and Jordan F. Gopio; Gilbert DC Reyes; Dexter A. Gabrillo; brothers Ronelio and Rizalino F. Arboleda and Rashad M. Guliman reportedly held cockfights on Thursdays, which are banned by Section 5 of Presidential Decree 449 that only allows cockfights during Sundays and legal Holidays and ruing fiestas for not more than three days.

Tipsters reportedly told the NBI that though the Lafa Cockpit Arena is sanctioned by the Alaminos local government unit, it held cockfights even during weekdays, particularly on Thursdays.

With the help of confidential informants, the tips were validated by NBI agents on at least two Thursdays in January, prompting them to launch a raid Thursday last week, Feb. 13, where Mr. Borjal and his employees were caught. — Artemio A. Dumlao

PHL not yet on US radar for tariff action — S&P

REUTERS

THE Philippines’ trade position with the US should help insulate it from global trade uncertainties, S&P Global Ratings said.

“Fortunately for the Philippines, it is one of the major economies, perhaps the only major economy that we know of in the region, that actually has a trade surplus with the US,” YeeFarn Phua, director at S&P Global Ratings, said in a webinar on Tuesday.

The US is the top destination for Philippine-made goods. In 2024, exports to the US were valued at $12.12 billion or 16.6% of total export sales.

On the other hand, the value of imports from the US stood at $8.17 billion or 6.4% of total imports.

“For now, when it comes to talking about tariffs on certain countries in this region, I think the Philippines has not come up in the equation in the meantime,” Mr. Phua said.

US President Donald J. Trump has ordered a slew of tariffs on Chinese imports, is reviewing duties on Mexico and Canada, and announced a 25% tariff on all steel and aluminum imports from any source.

Mr. Trump also signaled reciprocal tariffs on all countries that charge duties on US imports.

Mr. Phua said there could be potential benefits to the Philippines from the second-round effects resulting from such tariffs, but it is too early to tell.

“Whether the Philippines gets to enjoy that, I think it really depends on what kind of sectors we’re talking about and what kind of tariffs are being imposed.”

Markets are still in wait-and-see mode on how exactly Mr. Trump plans to implement his tariff proposals.

“We can assume that if you’re talking about something more high-tech, very cutting-edge technology, perhaps the Philippines will not be in a position at this moment to benefit,” he said.

“But you’re talking about some of the products down the value chain, like assembly, packaging, and so on, of electronic goods. Perhaps there could be some advantages for the Philippines in the sense that it will see some of the production going to the Philippines.”

This could boost foreign direct investment as well as overall economic growth, he added.

However, Mr. Phua said the effects from these trade policies are unlikely to impact the Philippine credit rating.

“Having said that, these are largely not key factors for us to look for in terms of the upgrade for the Philippines,” Mr. Phua said.

“As we stated in our outlook statement for the Philippines, we are really looking at two factors here. First is the continued building of external buffers. The second is the continued consolidation of its fiscal position,” he added.

In November, S&P Global affirmed the Philippines’ investment-grade rating and raised its outlook to “positive” from “stable.”

The credit rater is monitoring the Philippine current account deficit, Mr. Phua said.

“We have seen the current account deficit start to widen, and that in turn has started to shave down some of the external buffers that the Philippines currently has.

“We are looking to see the Philippines maintain the current account deficits at a moderate level and to rebuild those external buffers before the ratings could then be upgraded,” he added.

This year, the central bank expects the current account deficit to widen to $12.1 billion, or 2.4% of GDP.

“At the same time, we think the slower pace of fiscal consolidation announced by the government over the medium-term fiscal framework last year is more realistic,” Mr. Phua said. — Luisa Maria Jacinta C. Jocson

Asia-Pacific SDG progress ‘stagnating’

UN.ORG

THE Asia-Pacific region is expected to miss most of its sustainable development goals (SDGs) by 2030, with progress stagnating and even regressing, especially for climate action, the Economic and Social Commission for Asia and the Pacific (ESCAP) said.

“Overall, progress on the 17 SDGs is off track. Most targets are either stagnating or advancing too slowly, meaning we’re not moving at the pace needed to achieve our 2030 goals,” ESCAP Statistics Division Director Rachael Joanne Beaven said in a virtual forum on Tuesday.

In the 2025 Asia and the Pacific SDG Progress Report, ESCAP said that among the 117 specific targets for which there is sufficient data, only 16 are on track to be achieved by 2030, while 18 targets show “a negative trend in need of urgent reversal,” with most of these related to climate-related challenges and disaster risk.

Ms. Beaven said the region is lagging the global pace on climate action (SDG 13), decent work and economic growth (SDG 8), life below water (SDG 14), and partnership for the goals (SDG 17).

“On climate action, goal 13, the region is not just slow, it’s regressing. Instead of moving forward, we’re seeing setbacks that threaten our collective efforts to combat climate change,” she said.

Other targets of the Asia-Pacific that regressed were the share of renewable energy in the total energy mix and sustainable tourism, the report said.

“The region is regressing on climate action, undermined by the impact of disasters and the continuing growth of greenhouse gas emissions. Fossil fuel subsidies and unsustainable production patterns hinder progress towards a sustainable economy,” ESCAP Deputy Executive Secretary Lin Yang said.

Out of the 17 SDGs, the region has made “significant progress” in industry, innovation and infrastructure (SDG 9) and good health and well-being (SDG 3).

In the Association of Southeast Asian Nations (ASEAN), ESCAP reported that the region has regressed on three SDGs 2015 — climate action, life below water, and responsible consumption and production.

ASEAN is likely to achieve 11 SDGs by 2030 if the pace of progress is maintained. Three SDGs cannot be evaluated due to insufficient data.

“Data gaps persist in critical areas, particularly in gender equality (SDG 5) and peace, justice, and strong institutions (SDG 16),” Ms. Lin said.

The sufficiency SDG data in the region rose to 54% in 2024 from 47% in 2021, she added.

The report said that out of 169 targets, 50 cannot be assessed, and only 16 targets are on track to be achieved by 2030, with data on disability, migration, and rural communities remaining limited. — Aubrey Rose A. Inosante

Pork industry agrees to review cost structure ahead of MSRP

PORK meat products are sold at the Murphy Market in Cubao, Quezon City, Feb. 11, 2021. — PHILIPPINE STAR/ MICHAEL VARCAS

THE Department of Agriculture (DA) said on Tuesday that pork producers, traders, and retailers have agreed to review their cost structures ahead of the imposition of a maximum suggested retail price (MSRP) for the commodity in March. 

“We all agreed that high pork prices are a short-term problem that should soon be resolved,” Secretary Francisco P. Tiu Laurel, Jr. said in a statement following a meeting with industry representatives.

He noted that viajeros or traders, who bring the commodity from farm to market, likely add P80 to the price of pork per kilo.

Assistant Secretary Arnel V. de Mesa said on Monday that given a farmgate price of P250 per kilo, a reasonable margin would be the retail price of pork to P380.

“We are trying to strike a balance between the interests of consumers and those involved in the pork industry,” Mr. Laurel said. “The clamor to bring the price of pork down is coming not just from consumers but from retailers as well; their sales are going down.”

Jason H. Cainglet, executive director of the agricultural group SINAG, advised the DA to temporarily refrain from imposing an MSRP, noting that farmgate prices for pork have already begun to decrease from P250 per kilo.

Imported frozen pork is currently priced around P250 per kilo, while domestic pork fetches over P400 per kilo, according to the DA.

Manny Pareja, a pork retailer from Las Piñas, told the consultative meeting that bigger customers such as restaurant and carinderia owners are already choosing imported meat over freshly slaughtered hogs.

He said that while many consumers still prefer fresh meat, the volume they buy has declined significantly because of high prices.

“High pork prices are considered a short-term issue that should be addressed in the near future, particularly after the commercial availability of the African Swine Fever (ASF) vaccine,” Mr. Laurel said.

The DA said the Bureau of Animal Industry is hoping that the “positive results” of the initial ASF vaccination rounds will convince the Food and Drug Administration to allow its commercial use.

The BAI said on Monday that about 30,000 hogs have been vaccinated against ASF. — Kyle Aristophere T. Atienza

PHL sardine species ruled exportable to Europe

PHILSTAR FILE PHOTO

THE PHILIPPINES said on Tuesday that the inclusion of Sardinella lemuru (tamban) on a global list of fishery products considered safe for trade and consumption will pave the way for the resumption of exports to Europe.

The decision, arrived at during the 47th Session of the Codex Alimentarius Commission (CAC), will “open new markets for one of the Philippines’ key fish exports,” the Department of Agriculture (DA) said in a statement.

“This is welcome news for the fishery industry, a major export earner for the Philippines. This should stimulate new investments in the sector and create new jobs,” Agriculture Secretary Francisco P. Tiu Laurel, Jr. said.

The Philippines had carried out six years of advocacy and technical discussions led by the Bureau of Fisheries and Aquatic Resources and the National Fisheries Research and Development Institute to make the species exportable.

The agencies allotted P17 million for a study that addressed the technical criteria necessary for the species’ inclusion in the Codex.

The DA said Sardinella lemuru’s exclusion from the European Union’s (EU) Codex Standard for Canned Sardines and Sardine-Type Products (CXS 94-1981) had prompted European countries to stop importing the variety from 2016 to 2017, resulting “in the loss of hundreds of metric tons in exports.”

The process to include tamban, which is native to the Eastern Indian Ocean and the Western Pacific, began in 2018 when the EU Fisheries Agency encouraged the Philippines to pursue adding Sardinella lemuru to the Codex Standard.

In its decision last year, the Codex committee on fish and fishery products noted the species’ comparability to other sardine species and the sustainability of its fish stocks, the DA said.

Sardines were the Philippines’ seventh-largest fish export in 2022, accounting for 2.7% of the 282,674-metric ton total.

Germany, the Netherlands, and Spain accounted for 12% of the country’s sardine exports, the DA said.

“With the new inclusion in the Codex, Philippine sardine products are expected to gain wider access to these markets, ensuring a sustainable future for fishermen and exporters while contributing to global sustainability goals,” it said.

Sardine export volume rose to 9,154.31 metric tons in 2024, valued at $19.5 million, against 6,095.77 metric tons and $14.7 million a year earlier. — Kyle Aristophere T. Atienza

Ayala Corp. says PHL ripe for US investment

BW FILE PHOTO

AYALA CORP. Chairman Jaime Augusto Zobel de Ayala said US companies need to consider the Philippines for their expansion projects, citing the readiness of the Philippine business ecosystem to enter into potential partnerships.

“The country is certainly ready to accept high levels of partnership and investment from our friends around the region, most especially the US,” Mr. Zobel de Ayala said in his keynote speech during a US-Philippines Society board meeting on Feb. 10.

Despite global volatility, Mr. Zobel de Ayala said the Philippines is one of the “most promising” economies in Asia, supported by strong macroeconomic fundamentals and a young, fast-growing population.

“We in the Philippine business community remain hopeful at the country’s prospects for growth, which have not dimmed despite a volatile global environment,” he said.

Mr. Zobel de Ayala said Ayala Corp. is investing in various growth areas like renewable energy through ACEN Corp., in digital infrastructure via Globe Telecom, Inc., in healthcare via Ayala Healthcare Holdings, Inc., and in education through iPeople, Inc.

The Philippine economy grew 5.6% in 2024, topping the 5.5% posted in 2023, but fell short of the government’s 6-6.5% target.

For 2025, the government is hoping to achieve 6-8% economic growth.

“Consistent 6% growth is certainly a respectable achievement but imagine what more can be achieved if we hit a continuous growth rate of 8% or more over a sustained period, which economists feel is possible if we align the government and private sectors,” Mr. Zobel de Ayala said.

Launched in 2012, the US-Philippines Society is a Washington-based independent non-profit organization.

Mr. Zobel de Ayala serves as co-chair of the US-Philippines Society, along with former Ambassador to the Philippines John D. Negroponte.

The US-Philippines Society met in Manila on Feb. 10 and 11. — Revin Mikhael D. Ochave

ERC delays ruling on 19 NGCP AS agreements

JUDGEFLORO

THE Energy Regulatory Commission (ERC) said it has put on hold until March decisions on several ancillary service procurement agreements (ASPA) submitted by the National Grid Corp. of the Philippines (NGCP) and its potential suppliers.

“Given the pending issues that needed to be addressed, the matter has been deferred for further deliberation,” the ERC said in a notice of commission action posted on its website.

Among the 19 ASPAs pending ERC decision are NGCP deals with Masinloc Power Partners Co. Ltd., a unit of San Miguel Global Power Holdings Corp.; Ingrid Power Holdings, Inc., an arm of ACEN Corp., and Aboitiz Power Corp.’s Therma Luzon, Inc.

These ASPAs were signed in the wake of a competitive bidding exercise in 2023.

ASPA suppliers are on standby to provide power to the grid when regular sources prove inadequate. They are intended to stabilize the supply available to the grid.

Asked to comment, ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta said some data remains pending from the technical team before deliberations can wrap up.

“We will finalize this early March,” she said.

Ms. Dimalanta said that the delays will have no impact on the reliability of power services.

“We do not see the deferral affecting power reliability since we have good level of reserves also available on the Reserve Market at this time,” she said.

The reserve market allows the system operator to buy power reserves from the wholesale electricity spot market — the trading floor for electricity — to meet the reserve requirements of the energy system.

Reserves are needed to maintain balance in the power system to ensure normal frequency and voltage levels in response to demand changes, variability of renewable energy, and a possible loss of a large generating unit.

Last year, the ERC capped the price for the power reserve market at P25 per kilowatt-hour.

The full commercial operations of the reserve market started in January 2024. — Sheldeen Joy Talavera

PHL Gen Z hotel spending averages $50 per day — Agoda

PHILSTAR FILE PHOTO

TRAVEL booking service Agoda said 57% of Generation Z travelers prefer to keep accommodation costs to $50 per person per night.

“This trend underscores a shared commitment to affordable travel without compromising on experiences,” Agoda said.

The digital platform also noted that 22% of Gen Z relies on social media in planning travel, particularly TikTok.

Some 17% say they consult travel blogs and vlogs, with millennials more likely to rely on personal recommendations from family and friends.

Agoda also noted the rise of last-minute bookings among Gen Zs, with one in seven booking accommodations less than a week in advance. One in eight Gen Z travelers also book last-minute flights. 

“Filipino Gen Z travelers are demonstrating a strong appetite for discovery, with a preference for spontaneity, and affordable yet meaningful travel experiences,” Michael Hwang, country director for the Philippines in Agoda, was quoted in a statement.

“These behaviors are reinforcing Gen Z travelers’ need for flexibility and digital-first experiences.”

The Gen Z Travel survey was conducted via Agoda’s platform between Jan. 10 and 31. It compiled answers of over 15,000 participants from the Philippines, Indonesia, India, Malaysia, Thailand, Vietnam, Japan, Hong Kong, South Korea, Singapore, and Taiwan. — Beatriz Marie D. Cruz

NU guns for 2-0 start vs rebuilding Blue Eagles

NATIONAL UNIVERSITY LADY BULLDOGS — UAAP/JOAQUI FLORES

Games on Wednesday
(Filoil EcoOil Centre)
9 a.m. – Ateneo vs NU (Men)
11 a.m. – Ateneo vs NU (Women)
3 p.m. – UP vs FEU (Men)
5 p.m. – UP vs FEU (Women)

POLAR opposites attract as reigning champion National University (NU) shoots for a fiery 2-0 bid against the rebuilding Ateneo de Manila University side, fresh from a debut meltdown, to run away from the pack in the UAAP Season 87 women’s volleyball on Wednesday at the Filoil EcoOil Centre in San Juan.

The Lady Bulldogs are coming off an impressive 3-0 win against rival De La Salle University, needing only 90 minutes to kick off their title retention bid on a high while the Blue Eagles wasted a 2-0 lead opposite the Adamson University Lady Falcons.

And as expected, NU, led by the lethal duo of Season MVP Bella Belen and Finals MVP Alyssa Solomon looms to prevail anew at 11 a.m. after the duel of their men’s teams at 9 a.m. Opening-day victors University of the Philippines and Far Eastern University also clash at 3 p.m. (men’s) and 5 p.m., (women’s), respectively.

“Any opponent, on the lower or higher rank, we are one point at a time,” said coach Sherwin Meneses, a winner in his UAAP return with the powerhouse Lady Bulldogs this time.

Mr. Meneses, a former coach in his alma mater Adamson, was gifted by the NU an easy 25-23, 25-21, 25-18 win over La Salle, considered as its biggest challenge in back-to-back goals.

Against Ateneo, the concurrent mentor of PVL dynasty Creamline is not keen on displaying any inch of complacency.

Ateneo, for its part, will have some business to settle after failing to complete a supposedly flying debut, on top of a leg injury suffered by seasoned spiker Geezel Tsunashima.

The Blue Eagles surrendered a 25-21, 20-25, 12-25, 15-25, 12-15 loss at the hands of the vastly improved Lady Falcons, led by super rookie Shaina Nitura who smashed the UAAP debut record with 33 points.

Coming back from that one, however, would not be an easy nut to crack, especially at the jaws of the mighty Lady Bulldogs. — John Bryan Ulanday

Sabrina Ionescu is coming to Manila

WNBA CHAMPION Sabrina Ionescu of New York Liberty, an Olympic gold medalist who still holds the record for most career triple doubles across the US NCAA, is coming to Manila.

She is a gamechanger, reinventing what’s possible for female athletes in life and sport. She’s a pioneer, creating space for girls to follow in her footsteps. And she’s a role model, inspiring the next generation to dream big, then do everything it takes to turn those dreams into reality.

Ahead of Sabrina’s campaign to defend her first WNBA title, she’s embarking on her first Asia tour, visiting China and the Philippines to share this message of empowerment with young hoopers and further introduce herself to the global basketball community.

“I’m excited to connect with basketball fans across Manila, Guangzhou and Hong Kong, especially young hoopers. You can feel their passion for the game, even from New York,” says Sabrina. “Together we will celebrate the game, and I hope we inspire each other to achieve our dreams with dedication, commitment and hard work.”

Sabrina will spend the first part of her tour in Manila, an international hoops hub with a longstanding connection to Nike basketball. She starts off with a visit to Nike Fort in Bonifacio Global City on March 10 for a panel talk with fellow Nike athletes and coaches at 3 p.m. The panel will talk about breaking barriers and defying stereotypes so hoopers can realize their dreams and inspire the next generation. During her stay, Sabrina will also lead a basketball clinic at The Courtyard, launch a Nike Sabrina 2 collaboration, and participate in an electrifying showcase with some of the Philippines’ best professional and collegiate players at the famed Araneta Coliseum.

At the Big Dome, Sabrina will get to experience up close how Pinoy hoopers play the game. She will take part in an exhibition game and do a 3-point shootout challenge on March 11 at 4 p.m. Filipino basketball fans are invited to register at https://www.nike.com/ph/basketball to witness and be part of the 2025 Sabrina Manila Tour: Craft the Future Showcase. Like Sabrina, female hoopers can break out of the mold, break barriers, achieve their dreams and inspire the next generation. Tickets to Craft the Future are FREE and will be available, first-come-first-served.

Sabrina will then continue to Guangzhou, China, where she will meet local athletes and visit some of their most hallowed courts — hosting a grassroots basketball camp for girls and sharing her messages of empowerment with female hoopers.

She will conclude her tour in Hong Kong, China, by getting a crash course in local hoops culture, experiencing street basketball in a local neighborhood and visiting two schools to help students learn to break through barriers in life and sport.

Gilas’ Doha trip designed to get feel of action at FIBA Asia Cup

THERE were hard lessons learned from the Qatar trip that Gilas Pilipinas hopes will serve it well moving forward.

The Nationals absorbed two blowout losses to Lebanon (54-75) and Egypt (55-86) and would have gone winless in the Doha Invitational Cup if not for a come-from-behind 74-71 opening victory over host Qatar.

“Bottom line is, we were not happy with our play,” coach Tim Cone told The STAR as he assessed the team’s performance against three tough Arab teams in three consecutive nights.

“We maybe bit off more than we could chew with this Doha trip. We didn’t respond well to the adversity of the long trip and the three games in a row. We were sluggish throughout and our usual ball movement was lacking.”

But Mr. Cone stressed this Middle East gig was designed to enable the Philippine squad to get a feel of what awaits in the FIBA Asia Cup to be held in Jeddah, Saudi Arabia in August.

And in this aspect, it was productive.

“We did achieve the goal of playing the Middle Eastern teams and seeing the problems they present. They were physical and we’ll need to adjust to that physicality in the future. We wanted this trip to be hard and perhaps it was a little harder than we anticipated,” he said.

After the Doha trip, the Nationals returned to Manila on Monday night for an overnight “homecoming.” Then on Tuesday, Justin Brownlee and Co. packed their bags again, this time heading to Chinese Taipei for their road assignment in the third window of the FIBA Asia Cup Qualifiers. The unbeaten Filipinos shoot for Win No. 5 against the Taiwanese (1-3) on Thursday night in the continuation of Group B hostilities. From Taipei, they fly to New Zealand afterward for what’s expected to be a grudge match against the Tall Blacks (3-1) on Sunday in Auckland.

“Now we move on to the real games, the ones that count. We’ll see if this experience (in Doha) helped us for our window,” said Mr. Cone.

Gilas, which is grappling with the absence of injured Kai Sotto, received a frontline boost with veteran Japeth Aguilar rejoining the team for Qualifiers after missing the Qatar trip.

“Japeth is on the trip to Taiwan,” said Mr. Cone. — Olmin Leyba

PHL men’s curling team gets added bonus of $5,000 each

THE Philippine men’s curling team of Marc and Enrico Pfister, Christian Haller, Alan Frei and Benjo Delarmente received an additional bonus of $5,000 each, or P291,000, for their historic Asian Winter Games gold medal in Harbin, China last week.

It came from the Philippine Olympic Committee (POC) after its president, Abraham Tolentino, personally handed the bonus on Monday before the squad left for Switzerland to resume training.

“The incentive may not be in parallel with their effort and dedication — and even the expenses they personally incurred — but it’s one small way for the POC to show its gratitude to the team,” said the Tagaytay City mayor.

It was apart from the P2 million, or P500,000 each of the squad members will get from government via the expanded National Athletes Incentives Act.

This came after Philippine Sports Commission (PSC) Chair Richard Bacmann vowed full support of the Filipino curlers as well as the whole winter sports teams that funded itself in Harbin and in their preparation leading up to it.

“The PSC remains committed to expand the necessary support for winter sports and provide appropriate programs that will be delivered within the grassroots level to sustain the achievements we attained and the growing dynamics of our local sports scene, making us equipped for greater challenges ahead,” said Mr. Bachmann.

Mr. Tolentino also vowed to ask no less than President Ferdinand R. Marcos, Jr. himself if they meet to help the national winter games team as they eye a breakthrough medal in the Winter Olympics in Italy next year.

Winter sports disciplines have yet to receive regular funding from government because they are still relatively new.

“The path to Milano Cortina has become clearer, and on to our goal of a first Winter Olympics medal,” said Mr. Tolentino. — Joey Villar

1...1,9801,9811,982...14,243Page 1,981 of 14,243
ADVERTISEMENT
ADVERTISEMENT
© 2024 BusinessWorld Publishing.
All rights reserved.
Read our privacy guidelines
Facebook Instagram Linkedin X Youtube