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Jimmy Carter, former US president and Nobel Peace Prize recipient, dead at 100, Atlanta Journal-Constitution reports

STOCK PHOTO | By Department of Defense. Department of the Navy. Naval Photographic Center - File:James Earl "Jimmy" Carter - NARA - 558522.jpg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=8791775
STOCK PHOTO | By Department of Defense. Department of the Navy. Naval Photographic Center – File:James Earl “Jimmy” Carter – NARA – 558522.jpg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=8791775

 – Jimmy Carter, the earnest Georgia peanut farmer who as U.S. president struggled with a bad economy and the Iran hostage crisis but brokered peace between Israel and Egypt and later received the Nobel Peace Prize for his humanitarian work, has died, the Atlanta Journal-Constitution reported on Sunday. He was 100.

A Democrat, he served as president from January 1977 to January 1981 after defeating incumbent Republican President Gerald Ford in the 1976 U.S. election. Mr. Carter was swept from office four years later in an electoral landslide as voters embraced Republican challenger Ronald Reagan, the former actor and California governor.

Mr. Carter lived longer after his term in office than any other U.S. president. Along the way, he earned a reputation as a better former president than he was a president – a status he readily acknowledged.

His one-term presidency was marked by the highs of the 1978 Camp David accords between Israel and Egypt, bringing some stability to the Middle East. But it was dogged by an economy in recession, persistent unpopularity and the embarrassment of the Iran hostage crisis that consumed his final 444 days in office.

In recent years, Mr. Carter had experienced several health issues including melanoma that spread to his liver and brain. Carter decided to receive hospice care in February 2023 instead of undergoing additional medical intervention. His wife, Rosalynn Carter, died on Nov. 19, 2023, at age 96. He looked frail when he attended her memorial service and funeral in a wheelchair.

Mr. Carter left office profoundly unpopular but worked energetically for decades on humanitarian causes. He was awarded the Nobel Peace Prize in 2002 in recognition of his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.”

Mr. Carter had been a centrist as governor of Georgia with populist tendencies when he moved into the White House as the 39th U.S. president. He was a Washington outsider at a time when America was still reeling from the Watergate scandal that led Republican Richard Nixon to resign as president in 1974 and elevated Ford from vice president.

“I’m Jimmy Carter and I’m running for president. I will never lie to you,” Mr. Carter promised with an ear-to-ear smile.

Asked to assess his presidency, Mr. Carter said in a 1991 documentary: “The biggest failure we had was a political failure. I never was able to convince the American people that I was a forceful and strong leader.”

Despite his difficulties in office, Mr. Carter had few rivals for accomplishments as a former president. He gained global acclaim as a tireless human rights advocate, a voice for the disenfranchised and a leader in the fight against hunger and poverty, winning the respect that eluded him in the White House.

Mr. Carter won the Nobel Peace Prize in 2002 for his efforts to promote human rights and resolve conflicts around the world, from Ethiopia and Eritrea to Bosnia and Haiti. His Carter Center in Atlanta sent international election-monitoring delegations to polls around the world.

A Southern Baptist Sunday school teacher since his teens, Mr. Carter brought a strong sense of morality to the presidency, speaking openly about his religious faith. He also sought to take some pomp out of an increasingly imperial presidency – walking, rather than riding in a limousine, in his 1977 inauguration parade.

The Middle East was the focus of Mr. Carter’s foreign policy. The 1979 Egypt-Israel peace treaty, based on the 1978 Camp David accords, ended a state of war between the two neighbors.

Mr. Carter brought Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin to the Camp David presidential retreat in Maryland for talks. Later, as the accords seemed to be unraveling, Mr. Carter saved the day by flying to Cairo and Jerusalem for personal shuttle diplomacy.

The treaty provided for Israeli withdrawal from Egypt’s Sinai Peninsula and establishment of diplomatic relations. Begin and Sadat each won a Nobel Peace Prize in 1978.

By the 1980 election, the overriding issues were double-digit inflation, interest rates that exceeded 20% and soaring gas prices, as well as the Iran hostage crisis that brought humiliation to America. These issues marred Carter’s presidency and undermined his chances of winning a second term.

 

HOSTAGE CRISIS

On Nov. 4, 1979, revolutionaries devoted to Iran’s Ayatollah Ruhollah Khomeini had stormed the U.S. Embassy in Tehran, seized the Americans present and demanded the return of the ousted shah Mohammad Reza Pahlavi, who was backed by the United States and was being treated in a U.S. hospital.

The American public initially rallied behind Mr. Carter. But his support faded in April 1980 when a commando raid failed to rescue the hostages, with eight U.S. soldiers killed in an aircraft accident in the Iranian desert.

Mr. Carter’s final ignominy was that Iran held the 52 hostages until minutes after Reagan took his oath of office on Jan. 20, 1981, to replace Carter, then released the planes carrying them to freedom.

In another crisis, Mr. Carter protested the former Soviet Union’s 1979 invasion of Afghanistan by boycotting the 1980 Olympics in Moscow. He also asked the U.S. Senate to defer consideration of a major nuclear arms accord with Moscow.

Unswayed, the Soviets remained in Afghanistan for a decade.

Mr. Carter won narrow Senate approval in 1978 of a treaty to transfer the Panama Canal to the control of Panama despite critics who argued the waterway was vital to American security. He also completed negotiations on full U.S. ties with China.

Mr. Carter created two new U.S. Cabinet departments – education and energy. Amid high gas prices, he said America’s “energy crisis” was “the moral equivalent of war” and urged the country to embrace conservation. “Ours is the most wasteful nation on earth,” he told Americans in 1977.

In 1979, Mr. Carter delivered what became known as his “malaise” speech to the nation, although he never used that word.

“After listening to the American people I have been reminded again that all the legislation in the world can’t fix what’s wrong with America,” he said in his televised address.

“The threat is nearly invisible in ordinary ways. It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America.”

As president, the strait-laced Carter was embarrassed by the behavior of his hard-drinking younger brother, Billy Carter, who had boasted: “I got a red neck, white socks, and Blue Ribbon beer.”

 

‘THERE YOU GO AGAIN’

Jimmy Carter withstood a challenge from Massachusetts Senator Edward Kennedy for the 1980 Democratic presidential nomination but was politically diminished heading into his general election battle against a vigorous Republican adversary.

Mr. Reagan, the conservative who projected an image of strength, kept Mr. Carter off balance during their debates before the November 1980 election.

Mr. Reagan dismissively told Mr. Carter, “There you go again,” when the Republican challenger felt the president had misrepresented Reagan’s views during one debate.

Mr. Carter lost the 1980 election to Reagan, who won 44 of the 50 states and amassed an Electoral College landslide.

James Earl Carter Jr. was born on Oct. 1, 1924, in Plains, Georgiaone of four children of a farmer and shopkeeper. He graduated from the U.S. Naval Academy in 1946, served in the nuclear submarine program and left to manage the family peanut farming business.

He married his wife, Rosalynn, in 1946, a union he called “the most important thing in my life.” They had three sons and a daughter.

Mr. Carter became a millionaire, a Georgia state legislator and Georgia’s governor from 1971 to 1975. He mounted an underdog bid for the 1976 Democratic presidential nomination, and out-hustled his rivals for the right to face Ford in the general election.

With Walter Mondale as his vice presidential running mate, Carter was given a boost by a major Ford gaffe during one of their debates. Ford said that “there is no Soviet domination of Eastern Europe and there never will be under a Ford administration,” despite decades of just such domination.

Mr. Carter edged Ford in the election, even though Ford actually won more states – 27 to Mr. Carter’s 23.

Not all of Mr. Carter’s post-presidential work was appreciated. Former President George W. Bush and his father, former President George H.W. Bush, both Republicans, were said to have been displeased by Carter’s freelance diplomacy in Iraq and elsewhere.

In 2004, Mr. Carter called the Iraq war launched in 2003 by the younger Bush one of the most “gross and damaging mistakes our nation ever made.” He called George W. Bush’s administration “the worst in history” and said Vice President Dick Cheney was “a disaster for our country.”

In 2019, Mr. Carter questioned Republican Donald Trump’s legitimacy as president, saying “he was put into office because the Russians interfered on his behalf.” Trump responded by calling Mr. Carter “a terrible president.”

Mr. Carter also made trips to communist North Korea. A 1994 visit defused a nuclear crisis, as President Kim Il Sung agreed to freeze his nuclear program in exchange for resumed dialogue with the United States. That led to a deal in which North Korea, in return for aid, promised not to restart its nuclear reactor or reprocess the plant’s spent fuel.

But Mr. Carter irked Democratic President Bill Clinton’s administration by announcing the deal with North Korea’s leader without first checking with Washington.

In 2010, Mr. Carter won the release of an American sentenced to eight years hard labor for illegally entering North Korea.

Mr. Carter wrote more than two dozen books, ranging from a presidential memoir to a children’s book and poetry, as well as works about religious faith and diplomacy. His book “Faith: A Journey for All,” was published in 2018. – Reuters

Home prices fall for 1st time in 3 years

CONDOMINIUM buildings are seen in Manila, July 1, 2023. Housing prices nationwide declined in the third quarter of 2024, central bank data showed. — PHILIPPINE STAR/MIGUEL DE GUZMAN

HOUSING PRICES nationwide declined in the third quarter, the first contraction in over three years, data from the Bangko Sentral ng Pilipinas (BSP) showed.

The Residential Real Estate Price Index (RREPI) fell by 2.3% year on year in the July-to-September period. This was a reversal of the 2.7% growth in the second quarter and 12.9% expansion in the same period a year ago.

This was also the first time the RREPI posted a decline since the 9.4% drop recorded in the second quarter of 2021.

The RREPI tracks the average price changes of residential properties across different housing types and locations. The data provide the BSP with insights as it monitors the banking sector’s exposure to the residential property sector.

Central bank data showed that the prices of condominium units fell by an annual 9.4%, a reversal of the 10.6% growth in the previous quarter and 8.3% rise a year ago.

Prices of duplex units plunged by 48.1% in the third quarter, reversing the 27.1% growth in the second quarter and 57.7% expansion in the same period a year ago.

On the other hand, prices of single-detached/attached houses rose by 2.9% in the third quarter, faster than 1.7% in the previous quarter but much slower than the 16.8% growth a year ago.

Prices of townhouses inched up by 0.7% in the July-to-September period, a turnaround from the 0.8% drop in the second quarter. However, it eased from the 9.3% expansion in the year-ago period.

Data from the BSP showed residential property prices in the National Capital Region (NCR) fell by 14.6% in the third quarter, worse than the 1% drop in the second quarter and the 12.3% growth last year.

On the other hand, residential property prices in areas outside NCR (AONCR) went up by 3% in the period ending September, easing from 4.2% and 14.3% in the second quarter and the comparable year-ago period, respectively.

In the third quarter, residential real estate loans granted for all types of new housing units declined by 15.7% year on year.

“Specifically, loans granted in the NCR and AONCR decreased by 20.3% and 13%, respectively,” the central bank said.

“Notably, the double-digit year-on-year contraction in residential real estate loans in the Philippines, NCR, and AONCR in the third quarter of 2024 was significant, yet not as severe as the decline in housing loan availment observed during the pandemic, which began in the second quarter of 2020.”

BSP data also showed the average appraised value of new housing units in the Philippines stood at P86,417 per square meter (sq.m.) in the third quarter.

The average appraised value in NCR was P135,076 per sq.m., while the average appraised value in areas outside of NCR stood at P60,804 per sq.m.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said that relatively higher land prices and lease rates weighed on demand and led to a correction in residential real estate prices.

Separate BSP data showed that the exposure of banks and trust entities to the property sector dipped to 19.55% at end-September from 19.92% at end-June and from 20.55% at the end of September in 2023.

This was also the lowest real estate exposure ratio recorded in five years or since the 19.5% as of September 2019.

“The latest decline could have been largely brought about the Philippine Offshore Gaming Operators (POGO) ban that led to the pullout of POGO operations that led to higher vacancies and more supply of residential real estate condominium units,” Mr. Ricafort said.

“As a result, prices and leases went down as the POGO ban effective Dec. 31 drew closer,” he added.

In a recent report, Colliers said that the Metro Manila pre-selling condominium segment “continues to see lengthened remaining inventory life.”

“This has been compelling developers to take a more cautious stance and temper new launches in the capital region,” it said.

For next year, Colliers said it expects prices to grow at a faster pace than rents. This will be mainly driven by “sustained demand for upscale to luxury condominium units across Metro Manila.”

“Colliers sees the elevated vacancy likely resulting in a snail-paced growth in rents and prices. From 2024 to 2026, we project a rental and price recovery of between 2% and 2.5%,” it said.

“We expect rents and prices to return to pre-COVID levels by Q2 2028 and Q3 2029, respectively. The POGO sector is no longer a major driver of office space demand in Metro Manila and its impact is spilling over to the condominium market.” — Luisa Maria Jacinta C. Jocson

Hot money net inflows hit $96.6M in November

THE Philippines posted $96.59 million in net inflows of “hot money” in November. — REUTERS FILE PHOTO

By Luisa Maria Jacinta C. Jocson, Reporter

MORE SHORT-TERM foreign investments flowed into the Philippines in November, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Transactions on foreign investments registered with the central bank through authorized banks posted a net inflow of $96.59 million, a turnaround from the $529.68-million outflow in October.

However, the net inflows fell by 85.6% from the $671.77-million inflow posted a year ago.

These foreign portfolio investments are also called “hot money” due to the ease by which these funds enter and leave the economy.

BSP data showed gross inflows jumped by 18.2% to $1.86 billion in November from $1.57 billion in the same month a year ago.

During the month, investment inflows came mostly from the United Kingdom, Singapore, the United States, Luxembourg and Norway. These economies accounted for 90% of foreign portfolio investment inflows.

The bulk (71.4%) of these investments went into peso government securities while the rest (28.6%) went to Philippine Stock Exchange-listed securities of banks; holding firms; property; transportation services; and food, beverage and tobacco.

Meanwhile, gross outflows of hot money nearly doubled to $1.76 billion in November from $903.1 million a year earlier.

“The US remains to be the top destination of outflows, receiving $914.2 million (or 51.8%) of total outward remittances,” the central bank said.

In the January-to-November period, BSP-registered foreign investments yielded a net inflow of $2.59 billion, a turnaround from the $43.66-million net outflow in the same period a year prior.

Gross net inflows stood at $16.88 billion, while net outflows amounted to $14.29 billion in the 11-month period.

“The data improved month on month after tensions eased between Iran and Israel after Iran’s second missile attack on Israel this year on Oct. 1, but there was no retaliation from Israel so far,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

However, he noted that various political events weighed on markets during the month.

“The Trump factor was still the major catalyst for the local and global markets in November, after Trump won the US presidential elections on Nov. 5,” Mr. Ricafort said.

“Possible higher US import tariffs and trade war could slow down global trade and global economic growth, similar to the first Trump administration.”

Markets have been pricing in the impact of Mr. Trump’s proposed policies on the Philippines, which heavily relies on the United States for business and economic activity.

His proposals include a hike in import tariffs on Asian economies, as well as stricter immigration measures. The US President-elect is set to take office on Jan. 20.

“Political noises locally since late October 2024 also partly weighed on market sentiment.” Mr. Ricafort added.

For the coming months, this could be offset by possible rate cuts from the BSP and the US Federal Reserve.

The BSP has delivered a total of 75 basis points (bps) worth of rate cuts this year, bringing the benchmark to 5.75%.

BSP Governor Eli M. Remolona, Jr. has signaled further easing but noted that delivering 100 bps worth of rate cuts in 2025 might be “too much.”

The central bank will likely keep reducing rates in “baby steps” as it is still carefully monitoring upside risks to inflation, the BSP chief added.

Mr. Ricafort also noted the recent upgrade in the country’s credit rating outlook.

In late November, S&P Global Ratings affirmed the Philippines’ investment grade rating on Tuesday and raised its outlook to “positive” from “stable,” reflecting the economy’s strong growth potential.

The BSP expects foreign portfolio investments to yield a net inflow of $4.2 billion this year.

PHL net external liability widens at end-September

PHILSTAR FILE PHOTO

THE PHILIPPINES’ net external liability position widened as of end-September, data from the Bangko Sentral ng Pilipinas (BSP) showed.

The country’s international investment position (IIP) stood at a net external liability of $74.2 billion at the end of September, 33.3% bigger than the $55.7-billion net liability at the end of June.

Year on year, the net external liability position was also 60.1% wider than $46.4 billion in the same period a year ago.

The IIP is an indicator of the value and composition of a country’s financial assets and liabilities. It gauges an economy’s external exposure.

“This development was driven by the 10.1% expansion in the country’s external financial liabilities, which outpaced the 4.8% growth in external financial assets,” the BSP said in a statement.

Total outstanding external financial assets rose by 4.8% to $254.7 billion at the end of the third quarter from $243.1 billion in the previous quarter. Year on year, it jumped by 9.5%.

“The country’s total stock of external financial assets expanded mainly on account of the country’s accumulation of reserve assets, which reached $112.7 billion as of end-September 2024 (or an increase of 7.1% from $105.2 billion),” the BSP said.

The expansion in external financial assets was also driven by the growth in the residents’ net portfolio investments in foreign debt securities, which grew by 7.2% quarter on quarter to $33.7 billion from $31.4 billion.

It also cited growth in net direct investments in debt instruments (3.3%) and equity capital of their foreign affiliates (1.7%).

Almost half or 46.2% of the external financial assets are reserve assets held by the BSP, equivalent to $117.8 billion. Other sectors accounted for 39.7% of the total or $101.1 billion during the same period while banks kept $35.8 billion (14.1%).

Meanwhile, total external financial liabilities likewise climbed by 10.1% to $328.9 billion at end-September from $298.8 billion at end-June. It also jumped by 17.9% year on year.

“The country’s total stock of external financial liabilities as of end-September 2024 rose, as most components registered an increase, led by foreign portfolio investment.”

Net foreign portfolio investments grew by 18.7% to $104.4 billion during the period.

The BSP said this was driven by the “notable increase in nonresidents’ outstanding investments in debt papers, particularly government securities and equity securities of local corporations.”

“The high demand for the newly issued government securities at competitive pricing reflected continued investor confidence in the country’s economic resilience, despite global challenges.”

“Meanwhile, nonresidents’ outstanding investments in equity securities rose due to upward valuation and additional inflows, mirroring the rise in the Philippine Stock Exchange index,” it added.

Other sectors accounted for 58.7% or $193 billion of the country’s total external financial liabilities at the end of September.

The rest were held by the National Government and banks, with financial liabilities worth $88.6 billion and $43.4 billion, respectively.

The BSP held 1.2% of all external financial liabilities at $3.9 billion, which were mostly in the form of special drawing rights. — Luisa Maria Jacinta C. Jocson

Campus DEVCON Summit empowers 700+ young minds in CALABARZON to shape the future of tech

More than 700 students from more than 30 schools across Cavite, Laguna, Batangas, Rizal, and Quezon gather in University of Batangas — Lipa to attend the biggest campus summit in the region by DEVCON.

DEVCON, the Philippines’ leading tech and developer community, concluded its biggest CALABARZON regional campus summit, Tech Nexus, held in University of Batangas — Lipa. The event gathered over 700 students from more than 30 schools across Cavite, Laguna, Batangas, Rizal, and Quezon.

Celebrating a Year of Growth and Announcing Exciting Initiatives

Following successful DEVCON Summits in Mindanao and Visayas, Tech Nexus capped off a year marked by innovation and community-building for DEVCON’s Summit series. The event featured various activities like emerging technology talks, panel discussions, and breakout talks designed to inspire and equip the next generation of techies.

DEVCON Founder and President Winston L. Damarillo graced the event with a welcome address, emphasizing the organization’s dedication to nurturing Filipino tech talent. He also revealed two exciting initiatives:

Climate Innovation Summit: Scheduled for Feb. 27, 2024 at De La Salle University in Malate, Manila, this event will focus on using technology to address climate change challenges.

DEVCON+: A global platform designed to connect Filipino developers with international opportunities, providing them with a pathway to a broader professional landscape. DEVCON+ will feature vetted global job opportunities from top companies worldwide, curated resources to enhance skills and stay updated with the latest trends, and opportunities to give back to the community by volunteering and guiding aspiring developers.

“Campus DEVCON program brings technology, ideas, and experts to the campuses,” Mr. Damarillo explained. “The benefit for the students is that they have a head start. We can introduce them to technologies to study, careers to pursue, and potential partners early on. Having DEVCON visit campuses can help schools partner with academe and the industry ecosystem to connect and collaborate with students.”

Deep Dive into the Future of Technology

Tech Nexus offered students a unique chance to delve into cutting-edge technology topics shaping the future, including quantum computing, Snowflake Enterprise Data Cloud, FinTech, artificial intelligence education, blockchain smart contracts, tech leadership, cyber security, and many more.

“Our event showcased carefully selected topics presented by industry experts,” said DEVCON Luzon Programs Co-Lead Mark Estopace. “Through our DEVCON Luzon Programs and Campus DEVCON Events, we’re bringing inspiration and the latest tech innovations closer to students, eliminating the need for long journeys to Manila. Next year, we aim to expand our reach to MIMAROPA, North Luzon, and strengthen our South and Central Luzon chapters,” he said.

Igniting a Passion for Tech and Unveiling New Opportunities

Beyond technical sessions, Tech Nexus also ignited a passion for technology among young minds. DEVCON Kids shared their partnership with the international nonprofit Code.org to conduct the most significant Hour of Code celebration with multiple chapter events in the Philippines this December. Led by the passionate DEVCON Kids Ambassador Megan Uyao, she shared with the students the inspiring work they are doing at DEVCON Kids to spark their interest and showcase the potential of coding careers to underprivileged kids. Aspiring volunteers and partners can follow the Hour of Code updates at facebook.com/DEVCONKids.

“When I was nine, I didn’t think of coding that I could do or something accessible. I would think of coding as this scene from Mission Impossible. But that changed when I joined a robotics class,” Ms. Uyao said.

“DEVCON Kids program is crucial for young minds to grasp AI well. Everyone thinks AI is a magic solution for everything. Still, it’s important to break it down — the data, the machine learning, the recommendation system, and, more importantly, the ethics of AI. If we let it be without ethical guardrails, AI would fail. This is an important technology that the youth and students should learn about early,” Mr. Damarillo emphasized when asked why the DEVCON Kids program matters.

Empowering the Next Generation of Tech Leaders

“The success of the Campus DEVCON CALABARZON Summit wouldn’t have been possible without the dedication of our incredible Campus DEVCON Ambassador 2024 Cohort, University of Batangas — Lipa Center for Business and Innovation, our Luzon Chapter Leaders, and our partners,” said Rachelle Perez, Campus DEVCON Programs and Campus DEVCON CALABARZON Summit 2024 lead.

“The Campus DEVCON Ambassadors’ contributions, from brainstorming the theme to finalizing the event’s scope, were invaluable. We’re incredibly grateful for their hard work and the success of Cohort 1. Three 2024 ambassadors are now promoted and training for DEVCON Chapter Officer roles! This is a testament to the program’s ability to empower the next generation of tech leaders. We’re excited to welcome Cohort 2 and continue fostering a thriving developer community across the Philippines. Applications for Cohort 2 are now open at devcon.ph/campusambassador,” she said.

A Strong Year for Communities

“It’s been a remarkable year for DEVCON, and we’re proud of our team’s efforts to ensure that tech communities in the countryside aren’t left behind. We have ambitious goals to solidify further the sustainability and growth of our chapter’s impact, and we owe it to our dedicated Chapter and Program Leaders for their instrumental role in DEVCON’s achievements,” shared DEVCON’s Executive Director Dom De Leon.

“With the official launch of DEVCON Pampanga, our 11th Community Chapter, we’re excited to strategically expand DEVCON’s program to more regions. Beyond the existing locations, we’re now training our local chapters to serve as accessible regional hubs to reach more underserved communities and extend our programs where they matter most,” added Mr. De Leon.

For early information on 2025 sponsorships and exclusive DEVCON+ benefits for partners, e-mail partnerships@devcon.ph.

Enjoying seamless travel with family-focused airline services

Vacations are more than just a break from routine — they’re an opportunity to strengthen bonds, create cherished memories, and explore the world together. That’s why they are best spent together with loved ones.

In 2024, this sentiment has grown stronger, with travelers increasingly prioritizing family-friendly getaways. Searches for family accommodations have risen by 8%, and flight searches are up by an impressive 21%, reflecting a renewed desire to spend quality time with loved ones, according to Booking.com.

As travel evolves to meet the needs of modern families, the industry is adapting, ensuring that every journey is as seamless and meaningful as the moments shared along the way.

The same report revealed that good value for money is a top priority for families when planning trips. Quality time and relaxation are key motivators, with 62% of families seeking opportunities to bond, 58% aiming to unwind, and 48% eager to explore new destinations.

Innovations in Family-Friendly Travel

Emirates has long been at the forefront of improving passenger experiences. From pioneering individual television screens in Economy Class in 1992 to introducing mobile phone connectivity in 2007 and onboard Wi-Fi in 2011, the airline continues to lead the way. Today, Emirates is committed to providing seamless, family-focused services that enhance the travel experience from start to finish.

Seamless Services on the Ground

From the moment families arrive at the airport, Emirates ensures a smooth journey:

  • Dedicated Check-In and Priority Boarding: Families benefit from exclusive check-in desks and priority boarding, allowing for a stress-free start to their trip.
  • Generous Baggage Allowances: Each passenger enjoys baggage allowances of up to 30 kilograms, making packing for the whole family easier.
  • Complimentary Strollers and Airport Navigation: At Dubai International Airport, families with young children can access complimentary strollers, while self-service kiosks and biometric-enabled smart gates offer a contactless experience for all travelers.
  • Access to Emirates Lounges: Worldwide lounge access is available for Silver, Gold, or Platinum Skywards members, offering a relaxing space for families before their flights.

For added convenience, passengers can check in online via the Emirates app or website, streamlining the process before arriving at the airport.

Enjoying Comfortable Seating and Multi-Course Dining Options

Long flights can be challenging, especially for families. Emirates ensures comfort and convenience with thoughtfully designed seating and dining:

  • Family Seating: On the Airbus A380, families can enjoy spacious seating with a 33-inch pitch and over 6 inches of recline. Bassinet seats are also available for infants under two years old.
  • Regionally-Inspired Menus: Multi-course meals in Economy Class feature diverse options that cater to a variety of tastes. Special meals, including vegetarian, gluten-free, and low-salt options, are available on request.
  • Meals for Young Travelers: Children can enjoy colorful, child-friendly meal trays and organic baby food. Parents can also request baby formula to ensure infants are well cared for.
  • Special Celebrations: Families celebrating milestones can pre-book a cake and champagne package, complete with a choice of vanilla or chocolate cake paired with a mini bottle of Moët & Chandon Brut.

Fun for All Ages

Emirates’ award-winning in-flight entertainment system, “ICE,” offers something for everyone:

  • Extensive entertainment system: Passengers can choose from up to 6,500 channels of award-winning entertainment in 40 languages.
  • Dedicated Kids’ Content: Young travelers can enjoy 139 kids’ movies, 53 kids’ TV channels, and up to 100 multiplayer video games.
  • Special Amenities for Children: Kids receive comfortable headsets, Polaroid photo mementos in Emirates photo frames, and keepsake toys to make their journey memorable.

Comfort and Safety as Priorities

Emirates places a strong emphasis on the health and safety of passengers:

  • Complimentary Amenities: Families receive sustainable blankets, plush pillows, and amenity kits containing socks, eyeshades, a toothbrush, and toothpaste.
  • Safety Measures: HEPA filters on board remove 99.97% of microscopic particles, ensuring clean air throughout the flight. Enhanced cleaning and disinfection processes after every trip add another layer of safety.
  • Trained Cabin Crew: Emirates’ crew members are fully trained in First Aid and security measures, providing peace of mind for families throughout their journey.

Elevating Family Travel

Emirates understands the importance of creating meaningful family memories. From seamless services on the ground to unparalleled in-flight experiences, the airline’s commitment to comfort, safety, and convenience ensures that every family can focus on what truly matters: enjoying quality time together. Whether traveling with young children or multiple generations, Emirates makes every journey a seamless and enjoyable adventure.

 


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Blockchain Student Alliance to fill education gaps in universities

To address persisting gaps in students’ understanding and practical application of the technology, Bitskwela launched the Blockchain Student Alliance (BSA) to provide students with hands-on experience and knowledge on the fundamentals of blockchain technology, its real-life applications, and cryptocurrencies in the digital economy.

Backed by Sonic Labs, a rising leader in blockchain innovation, the program equips students with practical skills through Sonic University, an educational initiative designed to simplify blockchain concepts and make them accessible to developers and users. Its goal is to empower individuals to explore opportunities and build careers in the growing blockchain industry.

The BSA, led by its head Andrea Pilapil and Bitskwela CEO Jiro Reyes, conducted workshops for more than 500 students in various universities, including Mapua University in Intramuros, Manila Central University, Tangos National High School, University of Southeastern Philippines, and University of the Cordilleras from October to November.

“While students showed increasing curiosity and enthusiasm about blockchain, many still lack the hands-on experience needed to fully understand its tools and practical use cases. Blockchain education is often confined to conceptual knowledge, and there’s a pressing need to bridge that gap with practical and project-based learning,” Ms. Pilapil said.

One of the key challenges, according to Ms. Pilapil, is educating non-tech students about blockchain’s potential.

“Blockchain is often limited to tech students, while non-tech students miss out on the wider potential of blockchain applications, such as its use in fields like supply chains, healthcare, and even voting systems,” said Ms. Pilapil.

Hermoso Tupas, Jr., an instructor from the University of Southeastern Philippines, echoed the statement and emphasized the importance of educating students about blockchain.

“It is crucial as students are the innovators of tomorrow,” he said. “Blockchain’s relevance grows daily, and fostering awareness of its potential use cases should be introduced to students, empowering them to become advocates for its application.”

According to Ms. Pilapil, universities need to integrate blockchain education into their curricula, particularly through interdisciplinary approaches.

“Learning this technology can be better integrated through introductory courses in fields like business, economics, and computer science, along with practical, project-based learning to help students gain hands-on experience in building blockchain solutions. Interdisciplinary programs should also explore its use in industries such as healthcare, finance, and supply chain,” she said.

Bitskwela sees promising potential for expanding blockchain-related programs in universities, including creating research and innovation hubs, hosting blockchain hackathons and competitions, and integrating blockchain modules into non-tech programs to showcase their real-world applications and create opportunities for students across various fields.

The edutech firm plans to continue the BSA tour in 2025, focusing on hosting more hands-on workshops and interactive activities to further connect students with industry leaders, providing greater exposure to the blockchain ecosystem.

Lista launches ‘The Credit Club’ to educate young Filipinos on credit health and financial empowerment

From left to right: Vlademir Dela Cruz, SVP Business Development and Communications Group at CIC; Ninotchka Sulit, director-head of FinTech Sales at TransUnion; Arra Santos, senior fintech relationship manager at TransUnion; Aaron Villegas, co-founder at Lista; Khriz Lim, co-founder at Lista; Yash Sokhal, sales manager, FinTech at CIBI Information, Inc.; and Josh Mortega, vice-president, Head of FSI at CIBI Information, Inc.

Lista, the fastest-growing financial management app in the Philippines, recently marked its third anniversary with the launch of The Credit Club, an initiative aimed at bridging the gap in financial literacy and providing greater accessibility to credit information for Filipinos.

Executives from Credit Information Corp. (CIC), Credit Information Bureau, Inc. (CIBI) and TransUnion Philippines have joined Lista in empowering and inspiring fellow Filipino millennials and Gen Zs to take control of their financial habits through credit awareness.

Filipino students represent the Philippines in F1 in Schools Global STEM Challenge

L-R: Lau Li Khai, Aaron Gabriel Chua, Sofia Margaret Gorospe, Jenna Storey, Tara Bahukhandi, Neo Angelo Gatlabayan, and Gian Andre Benjamin Gaisano Anggala

Six talented STEM students from the British School Manila have competed in the F1 in Schools Global STEM Challenge, which took place from Nov. 21 to 28 in Dhahran, Saudi Arabia.

This milestone marks the first time a Filipino team, AGILAS, has participated in the prestigious global competition.

The AGILAS team is composed of senior students Neo Gatlabayan, Gian Andre Benjamin Gaisano Anggala, Lau Li Khai (Marcus), and Sofia Margaret Gorospe, alongside junior Aaron Gabriel Chua and sophomore Tara Bahukhandi. The team is guided by their adviser, Jenna Storey, as they prepare to showcase Filipino innovation on the international stage.

“This is our first time competing, and we didn’t know what to expect, but everything is coming together,” shared Mr. Gatlabayan, the team’s managing director and chief engineer. “We’re about to register our cars, and we’re good to go. It feels incredible to be the first Filipino team here.”

Ms. Bahukhandi, marketing and promotions lead, expressed pride in representing the Philippines. “It’s inspiring to see competitors from all over the world. Being on an international stage makes me incredibly proud to represent the Philippines in STEM,” she said.

Mr. Lau, chief finance officer and director of research & design, shared his excitement about meeting teams from around the world. “We saw a few teams at the airport, and it’s thrilling to know we’ll be competing alongside so many talented individuals,” he said.

F1 in Schools is a global, not-for-profit competition that encourages students to develop and showcase their STEM skills by designing, building, and racing miniature Formula 1 cars.

Teams are evaluated in areas such as car speed, engineering quality, branding, marketing, project management, and verbal presentation skills, making it a comprehensive platform for young innovators.

The AGILAS team’s participation not only highlights the growing importance of STEM education in the Philippines but also paves the way for more Filipino students to pursue careers in science, technology, engineering, and mathematics.

Southern comfort (and convenience)

The Autohub Group-operated GWM Calamba is located along Maharlika Highway, Calamba, Laguna. — PHOTO BY HAZEL NICOLE CARREON

GWM continues expansion with new Calamba dealership

By Hazel Nicole Carreon

GREAT WALL MOTORS (GWM) Philippines continues to solidify and widen its presence in the country with the opening of its newest dealership — this one located along Maharlika Highway, in Calamba, Laguna. It targets a growing market in this part of Laguna, in addition to nearby provinces such as Batangas and Cavite.

Operated by the Autohub Group, the newly inaugurated GWM Calamba is a 3S (sales, service, and spare parts) facility which boasts a modern showroom that can display up to four vehicle units. Its particularly spacious service area, which will be shared by other Autohub-operated brands in Calamba, will be fully open by January. It is the third GWM establishment of the Autohub Group, following the opening of dealerships in Makati and Santa Rosa, Laguna. Another GWM-Autohub location is slated to open in Dasmariñas, Cavite in the first quarter of 2025.

“The opening of GWM Calamba is a testament of our commitment to our brand,” said Autohub Group President Willy Tee Ten in his speech at the inauguration ceremony. “It shows that we believe in the GWM brand, and we are here to make sure that it becomes successful.”

GWM Calamba is open from Monday to Sunday, 8:30 a.m. to 5:30 p.m.

Distributed by the Luxuriant Automotive Group, Inc. (LAGI), GWM made its entry in the Philippines in 2023. Since then, the China-headquartered car maker has gained significant traction in the local market with its diverse lineup of vehicles which include the Haval H6 hybrid SUV, Haval Jolion subcompact crossover, Ora electric hatchback, Tank 300 SUV, and Cannon pickup truck. The brand’s focus on cutting-edge technology, stylish design, and outstanding performance is said to have resonated with a segment of Filipino car buyers.

According to LAGI Assistant Vice-President and Director of Business Strategy River Wang, GWM in 2023 sold 1.23 million units globally and generated US$24 million in revenues. “Until now, GWM is still growing bigger,” the executive maintained. “We are planning to bring more models to the Philippine market, so we are looking forward to a better performance next year.”

With the inauguration of GWM Calamba, the brand now has a robust network of 16 dealerships nationwide, enabling it to reach more customers and provide quality after-sales support.

For more information, visit gwm.com.ph.

PSE: Trump policies to dictate path of PHL stocks

The lobby of the Philippine Stock Exchange in Taguig City, Sept. 30, 2020. — REUTERS

US PRESIDENT-ELECT Donald J. Trump’s economic policies would likely drive Philippine stocks in 2025 after geopolitical tensions weighed on the bourse for much of 2024, according to the Philippine Stock Exchange (PSE).

“One of the investment considerations at this time is the direction of economic policies of the new US administration,” Ramon S. Monzon, president and chief executive officer at the PSE, said in a statement at the weekend. “An outcome favorable to the Philippines may help spur foreign buying and create the market condition listing applicants are waiting for.”

He said internal and external “economic and geopolitical headwinds” weighed on the market, prompting listing applications to defer their initial public offerings (IPO).

The PSE earlier said it expects companies to raise  P120 billion in capital on the bourse including from six IPOs in 2025 amid increased market activity.

The real estate investment trust company of SM Prime Holdings, Inc., Prime Infrastructure Capital, Inc., Maynilad Water Services, Inc., and GCash are some of the big names said to be planning IPOs in 2025.

Mr. Trump will take his oath as US president on Jan. 20. During the campaign, he vowed to increase tariffs on European Union nations, Mexico, Canada and China.

There were three IPOs this year by OceanaGold (Philippines), Inc., Citicore Renewable Energy Corp., and NexGen Energy Corp. The bourse raised P82.37 billion in capital this year, 42% lower than in 2023.

The PSE index finished the year at 6,528.79, 1.2% or 78.75 points higher than its 2023 close. The PSE MidCap and PSE Dividend Yield indexes also rose 29.1% and 22.4%, respectively.

The daily average value turnover gained 0.1% to P6.1 billion. Domestic market capitalization at year-end also increased 11.2% to P14.57 trillion from a year earlier. Net foreign selling fell 5% to P23.18 billion from last year.

The service index had the biggest increase at 29.7%.

Mr. Monzon said the PSE would continue to improve stock market liquidity. It plans to launch global Philippine depositary receipts and last week, it announced its takeover of Philippine Dealing System Holdings Corp. (PDS) in a deal worth P2.32 billion.

The market operator said it would buy 3.87 million PDS shares at P600 each for a 61.92% stake as part of its plan to unify local capital markets. It has a 20.98% stake in PDS.

“This acquisition aims to create operational synergies by establishing a unified marketplace for fixed income and equity products, and a single platform for capital raising, among others,” he said in the statement. “We will also remain active in our IPO campaign to get more companies listed on the stock market.”

The PSE seeks to launch the depositary receipts — peso-denominated instruments that represent an economic interest, but not voting rights, in an underlying security listed in an overseas exchange — in the first quarter of 2025. — Revin Mikhael D. Ochave

PHL coffee import forecast downgraded 7.9% by USDA

REUTERS

THE US Department of Agriculture (USDA) downgraded its projection for Philippine coffee imports by 7.9% to 5.8 million 60-kilogram (kg) bags in the 2024-2025 marketing year (MY), which ends in June.

The USDA’s December forecast for Philippine coffee imports compares with the June estimate of 6.3 million bags. It is also lower than the expected 5.85 million bags of coffee imports for MY 2023-2024.

According to the report, the USDA expects the Philippines to import 5 million bags of soluble coffee in MY 2024-2025, down 9% from the June estimate but level with the 5 million bags of soluble imports in MY 2023-2024.

The Philippines typically imports the majority of its coffee needs as domestic production cannot meet demand. Philippine-grown coffee can service about 38% of market requirements.

The Philippines is the fourth-largest coffee importer after the European Union (45 million 60-kg bags), the US (23.9 million bags), and Japan (7.25 million bags).

Meanwhile, the USDA maintained its MY 2024-2025 projection for Philippine coffee production at 450,000 60-kilogram bags. This was also the projection for MY 2023-2024.

The USDA also downwardly revised its projections for Philippine coffee consumption to 6.55 million bags from 7.05 million bags previously estimated for MY 2024-2025.

The USDA reported that world coffee production will be 6.9 million bags higher than the previous marketing year to 174 million bags in MY 2024-2025 due to higher output in Vietnam and Indonesia.

“World exports are forecast (to be) modestly higher as gains in Vietnam and Indonesia more than offset reduced shipments from Brazil,” it said.

According to the report, Vietnam production is estimated to rebound by 2.6 million bags to 30.1 million in MY 2024-2025. Vietnam’s bean exports are also expected to rebound by 1.8 million bags to 24.4 million due to higher available supply.

The Philippines imports most of its coffee requirements from Vietnam.

Meanwhile, the USDA said global consumption is expected to rise to 168.1 million bags due to increasing demand in the EU, the US, and China. — Justine Irish D. Tabile

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