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Need a helping hand? Sagot ka ni JuanHand!

Over 6 million families are dealing with the aftermath of the recent typhoon, while rising inflation continues to impact everyday household costs, leaving many Filipino families struggling to make ends meet. In the midst of these challenges, JuanHand reminds Filipinos that if they need a helping hand, Sagot ka ni JuanHand!

With the company’s commitment to helping improve financial inclusion in the country, JuanHand’s “Need a helping hand? Sagot ka ni JuanHand!” campaign places family at the heart of its message. More than just a slogan, it’s a message of reassurance—reminding Filipinos that no one should face tough times alone. By offering accessible and convenient financial assistance, JuanHand empowers Filipinos to access immediate relief from the comfort of their own homes. Whether dealing with a monetary setback or managing daily expenses, JuanHand is always ready to offer a helping hand to anyone in need.

“For us, it’s important to recognize the realities Filipinos face today,” says Francisco “Coco” Mauricio, President and Chief Executive Officer of JuanHand. “We understand the struggle: Life is tough, especially when balancing a growing family, mounting bills, and unexpected costs. That is why at JuanHand, our role is clear: to give Filipinos a helping hand when they need it most,” Mauricio added.

To amplify its message of resilience and hope, JuanHand has partnered with actress and entrepreneur Arci Muñoz as its brand ambassador. With her own experience of overcoming financial struggles and building a successful business, Arci is a relatable voice for JuanHand’s mission of empowerment. “I’ve faced my share of challenges, especially with managing finances. But I’ve learned that with the right support and determination, you can turn things around. That’s why I’m proud to work with JuanHand, they’ve already helped so many take control of their financial journey, and I truly believe in their mission to empower others,” says Muñoz.

With JuanHand, the #1 fintech lending app in the Philippines, Filipinos can access loans of up to PHP50,000 and with affordable rates and minimal requirements, making it the ideal solution for those seeking financial assistance. The application process is simple and hassle-free, they just need to download the app, submit one valid ID and a few information, and approval is within five minutes. “We believe that financial support shouldn’t be complicated or out of reach. It should give Filipinos the ability to take control of their financial well-being,” explains Mauricio.

JuanHand is committed to more than just providing financial solutions; it is dedicated to educating and empowering Filipinos to make smarter financial decisions. This commitment is what makes JuanHand a trusted partner, every step of the way.  To date, JuanHand has helped more than 2 million Filipinos, with over 20,000 loan disbursements per day.

Watch the campaign video here. Visit JuanHand’s official website, https://www.juanhand.com/ or their official social media pages, Facebook  and TikTok, for more information.

 

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Globe Business champions AI-driven cybersecurity at IBPAP CEO Forum

KD Dizon, Vice President and Head of Globe Business during her welcome address at IBPAP CEO Forum

Going beyond being a trusted connectivity provider, Globe Business took the lead at the recent CEO forum hosted by the IT and Business Process Association of the Philippines (IBPAP). Centered around the theme “C-Suite Roundtable: Future-proofing IT-BPM Companies with AI-Driven Cybersecurity Frameworks,” the event convened industry leaders to explore how artificial intelligence (AI) can elevate the utilization of cybersecurity within the IT-BPM sector.

Globe Business shared insights, strategies, and best practices, underscoring its commitment to fostering a secure and resilient digital ecosystem, empowering IT-BPM companies to confidently navigate the complexities of the digital age.

The forum opened with remarks from IBPAP, followed by a welcome address from KD Dizon, Vice President and Head of Globe Business. “In today’s rapidly evolving digital landscape, cybersecurity is not just a necessity but a strategic imperative. By integrating AI-driven solutions, we empower IT-BPM companies to proactively address emerging threats, ensuring they remain resilient and competitive,” said Dizon.

Meanwhile, Marlon Cruz, Senior Director for Business Solutions Consulting of Globe Business, shared insights on developing a practical AI cybersecurity framework.

“AI cybersecurity measures need to be aligned with your existing AI or Cybersecurity framework because it streamlines your governance, facilitating effective enforcement and at the same time promoting collaboration,” Cruz said.

L-R: Glenn Estrella, Globe Business’ Vice President of Business Solutions Consulting; Dominic “Doc” Ligot, IBPAP’s AI Consultant and Founder of Data Ethics PH; and Anton Bonifacio, Chief Information Security Officer and Chief AI Officer of Globe

The fireside chat, moderated by Glenn Estrella, Globe Business’ Vice President of Business Solutions Consulting, featured panelists Dominic “Doc” Ligot, IBPAP’s AI Consultant and Founder of Data Ethics PH; and Anton Bonifacio, Chief Information Security Officer and Chief AI Officer of Globe.

Dr. Ligot highlighted key cybersecurity challenges in the IT-BPM sector, including reliance on onshore counterparts, which increases exposure to insider threats and supplier-related breaches. He noted the struggle to gain decision-maker support for stronger measures despite data being a critical asset and recommended regular cyber drills to keep employees prepared for evolving threats.

Anton Bonifacio, Chief Information Security Officer and Chief AI Officer of Globe

Bonifacio shared Globe Telecom’s proactive cybersecurity initiatives, such as blocking person-to-person SMS with links, and leveraging AI to boost productivity and promote employee work-life balance. He also emphasized the importance of meaningful collaborations.

Globe Business echoes this position. Deepening collaborations with industry stakeholders like IBPAP is crucial for advancing cybersecurity standards and effectively addressing shared challenges. By actively participating in industry events and working groups, Globe Business believes the industry can collectively develop and promote best practices in AI-driven cybersecurity.

As an ICT provider for the IT-BPM industry, Globe Business recognizes that cybersecurity is not just about technology; it’s about shared responsibility. It requires commitment to continuous innovation, proactive collaboration, and a unified effort to create a secure digital future. By equipping organizations with comprehensive ICT solutions and actively contributing to advancements in AI-driven cybersecurity, Globe Business aims to empower businesses to navigate the evolving threat landscape and confidently embrace the opportunities of the digital age.

For more details, visit https://www.globe.com.ph/business/enterprise/it-bpo.

 

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.

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Climate change putting Philippines at double risk of typhoons, scientists say

PHILIPPINE STAR/MIGUEL DE GUZMAN

SINGAPORE – Climate change is making the Philippines more vulnerable to tropical storms, with rising temperatures already putting the country at nearly double the risk of deadly typhoons, scientists said in a report published on Thursday.

The unprecedented formation of four typhoons around the Philippines last month was made 70% more likely as a result of global temperature rises of 1.3 degrees Celsius (2.3 degrees Fahrenheit), researchers with the World Weather Attribution group said in a report published on Thursday.

Though scientists are cautious when it comes to attributing individual weather events to climate change, the consensus is that warmer oceans are intensifying rainfall and wind speeds across the globe.

“Climate change made the conditions that formed and fueled the typhoons nearly twice as likely,” the group said.

Hundreds of thousands of people were evacuated and more than 170 people killed during an unprecedented sequence of six tropical cyclones that landed in the country in October and November, raising concerns that storm activity was being turbocharged by higher sea surface temperatures.

“The storms were more likely to develop more strongly and reach the Philippines at a higher intensity than they otherwise would have,” said Ben Clarke, a weather researcher at Imperial College London, one of the report’s authors.

If temperatures rise to 2.6 Celsius above pre-industrial levels, those same storm conditions would be 40% more likely compared to now, he added.

An analysis published last month by U.S. weather researchers Climate Central said that hurricanes had intensified significantly as a result of record-breaking ocean warming, with wind speeds up by 18 miles per hour (29 kph).

Scientists believe warmer ocean temperatures are intensifying tropical storms by increasing the rate of evaporation. The Intergovernmental Panel on Climate Change said in its latest assessment that there was “high confidence” that global warming would make storms more intense.

It is still unclear whether or not rising temperatures would extend the normal typhoon season or make tropical storms more frequent, but climate activists are concerned.

“We used to have what we called a hazard calendar – now it is just basically the whole year around,” said Afrhill Rances, the Philippines’ representative with the International Federation of Red Cross and Red Crescent Societies. — Reuters

Water rate hike OKd; inflation flagged

PHILIPPINE STAR/EDD GUMBAN

By Sheldeen Joy Talavera, Reporter

WATER PRICES in Metro Manila will go up starting January after the regulator approved the rate increases sought by the region’s two concessionaires, which could add to inflationary pressures.

The Metropolitan Waterworks and Sewerage System (MWSS) Regulatory Office approved a P5.95-per-cubic-meter increase for Manila Water Co., Inc. and P7.32 per cubic meter for Maynilad Water Services, Inc.

The rates will take effect on Jan. 1, 2025, Patrick Lester N. Ty, MWSS Regulatory Office chief regulator, told a news briefing on Thursday.

Customers served by Manila Water in the east zone who consume 10 cubic meters or less will have to pay P24.68 more to P254.83 a month, according to a rate matrix provided by the regulator.

Those who consume 20 and 30 cubic meters will see their monthly bills go up by P54.79 and P111.83, respectively. Low-income customers who consume less than 10 cubic meters will see a P2.87 increase to P91.40 a month.

Meanwhile, Maynilad customers in the west zone who consume 10 cubic meters and below will have to pay P20.08 more, while those who consume 20 cubic meters will see their bills increase by P75.89. Customers who consume 30 cubic meters will pay P155.32 more.

Low-income lifeline customers who consume 10 cubic meters of water will pay P10.56 more to P151.04 a month.

The rate increases would likely add to inflationary pressures, said Jonathan L. Ravelas, senior adviser at professional service firm Reyes Tacandong & Co.

These would increase household expenses and raise the production costs of industries that rely on water. These companies could pass on the costs to consumers by raising prices, he pointed out.

While necessary for infrastructure improvement, these hikes will add to short-term inflationary pressures,” Mr. Ravelas said in a Viber message. “Policy makers will need to monitor and manage these impacts carefully.”

The increase is the third tranche of approved tariffs for the 2023-2027 rate rebasing period. In 2022, the MWSS board greenlit higher rates on a staggered basis for five years starting in January 2023.

Rate rebasing is done every five years, accompanied by a performance review and validation of the two concessionaires’ projected cash flows. It also sets the water rates in a manner that allows the water suppliers to recover their expenditures.

“We monitor their capex (capital expenditure) spending [if] they are actually spending the necessary capex for the rate rebasing,” Mr. Ty told reporters. “Before we allow them to increase their tariff, we will check the actual spending, not just their target.”

“As long as you reach a reasonable target, we will then approve the tariff adjustment,” he added.

Manila Water had spent P32.67 billion of its capex as of November, 81% of the target for 2023 to 2024, he said. Maynilad’s capex spending has hit P47.59 billion, 83% of the target for the two-year period.

In a statement, Maynilad said its commitment to invest over P163 billion to improve the water and wastewater infrastructure in the west zone “necessitates the timely implementation of these staggered adjustments.”

“We remain vigilant in meeting our business plan commitments and are pleased that the corresponding tariff adjustments are being implemented as planned,” it added.

Philippine inflation quickened to 2.5% in November from 2.3% in October, though still within the central bank’s 2.2%-3% forecast for the month.

Manila Water serves the east zone network of Metro Manila, covering parts of Marikina, Pasig, Makati, Taguig, Pateros, Mandaluyong, San Juan, portions of Quezon City and Manila, and several towns in Rizal province.

Maynilad serves the cities of Manila, except San Andres and Sta. Ana. It also operates in Quezon City, Makati, Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon. It also supplies water to the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite province.

Metro Pacific Investments Corp., which has a majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT Inc.

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

Slowing Philippine growth may continue next year

FREEPIK

By Luisa Maria Jacinta C. Jocson, Reporter

PHILIPPINE ECONOMIC growth could weaken further next year, falling short of the government’s target amid an incomplete post-coronavirus disease 2019 (COVID-19) fiscal consolidation and still high interest rates, analysts said.

Pantheon Macroeconomics in its Emerging Asia Outlook report said it expects a “continued slowdown” in growth next year. It expects the economy to grow 5.4% this year and slow to 5.2% in 2025.

These are both well below the government’s 6-6.5% and 6-8% targets for 2024 and 2025, respectively.

The Philippine economy grew 5.2% in the third quarter, weaker-than-expected and the slowest in five quarters.

“Surveys show that a slowing rebuild of household savings in the Philippines from COVID and a cost-of-living crisis damage cushioned the slump in consumption growth this year, albeit at the likely expense of delaying a real recovery in GDP (gross domestic product) growth,” Pantheon said.

It added that the country’s economic output would “remain hampered by incomplete post-COVID fiscal consolidation and historically tight monetary policy.”

ANZ Research in its latest quarterly report said it expects economic growth to slow to 5.6% in 2025 from 5.7% this year. It said its outlook for 2025 is “downbeat, complicated by the lack of domestic growth catalysts amid fading exports.”

Consumer confidence has remained static and below pre-pandemic levels in most economies in Asia, it pointed out.

“Consumer surveys in both Indonesia and the Philippines suggest a fall in household savings over the last few years.”

The Institute of International Finance said it expects Philippine growth to average 5.8% this year and in 2025.

“Countries that are more reliant on dollar financing such as Malaysia, Korea and the Philippines are likely to face increased pressure from a strong US dollar and ‘higher-for-longer’ US Fed Funds policy rate,” it said.

The peso sank to the P59-a-dollar level twice last month, hitting a record low on Nov. 21 and Nov. 26.

“The Philippines, in particular, stands out due to its higher external financing needs, given its larger twin current account and fiscal deficits,” the institute said.

Meanwhile, both Pantheon and ANZ expect inflation to settle at 3.2% this year, compared with the Bangko Sentral ng Pilipinas’ (BSP) 3.1% estimate.

The central bank is also expected to continue its rate-cutting cycle next year. ANZ expects the policy rate to end at 5.75% this year and 5% by end-2025.

“Real rates are likely to stay elevated in Indonesia, South Korea and the Philippines where 50-to-100-basis-point (bp) rate cuts are likely in 2025,” it said.

“The efficacy of rate cuts in Indonesia and the Philippines will be limited by the need to rebuild household savings,” it added.

Pantheon also expects the key rate to end at 5.75% this year but sees it falling further to 4.75% by the end of next year.

The Philippine central bank started its easing cycle in August with a 25-bp rate cut. It delivered another 25-bp cut in October, bringing the key rate to 6%.

The Monetary Board will hold its final policy review of the year on Dec. 19.

BSP Governor Eli M. Remolona, Jr. earlier signaled the possibility of another 25-bp cut at the meeting.

PHL told to boost hotel supply with expected rush of foreign tourists

NINOY Aquino International Airport (NAIA) check-in counters. — BW FILE PHOTO

By Justine Irish D. Tabile, Reporter

THE PHILIPPINES should boost its hotel supply to accommodate an expected influx of foreign tourists after a law was passed letting them apply for a value-added tax (VAT) refund on certain purchases, a Cabinet council said on Thursday.

In a statement, the Private Sector Advisory Council (PSAC) said the law, which offers VAT refunds to foreign tourists with at least P3,000 ($51) in local purchases from accredited stores, could “stimulate tourism spending, promote Filipino craftsmanship and position the Philippines as a premier global destination.”

The measure is expected to boost tourism spending by 30% and create opportunities for micro, small and medium enterprises that sell local products.

Roberto S. Claudio, a member of the council’s tourism sector, said that the law would help uplift local industries.

“This initiative not only aligns with global best practices but also highlights the unique creativity and entrepreneurial spirit of Filipino artisans,” he said. “It fosters sustainable growth, while promoting our diverse products to the world.”

But the council noted that the country should match the hotel capacity of neighboring countries to complement the VAT refund program.

“Expanding the Philippines’ hotel capacity is crucial for attracting more tourists and ensuring they experience world-class accommodations,” Lourdes Josephine Gotianun-Yap, PSAC’s tourism sector member and vice chairperson of Filinvest Development Corp., said in the statement.

She added that the recently enacted Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act could encourage hotel expansions and renovations.

The council further noted that allowing income tax holidays for businesses that start generating income and a 50% deduction for reinvestments from taxable income would also help.

“PSAC is also advocating for tourism to be classified under Tier III incentives, granting six to seven years of income tax holiday for hotel development projects,” it said.

The council said their recommendations would help the Department of Tourism (DoT) hit its target of more than 445,000 hotel rooms by 2028.

“PSAC continues to collaborate with the DoT, Tourism Infrastructure and Enterprise Zone Authority and Board of Investments to revise the Strategic Investment Priority Plan and drive impactful reforms that benefit the tourism industry and local communities alike,” it added.

Joey Roi H. Bondoc, research director at property consultant Colliers Philippines, said the VAT refund program is a positive development for the Philippines tourism industry.

“It is a plus, especially because we want to attract the high-spending, long-haul foreign tourists,” he told BusinessWorld by telephone. “We want them to stay here longer and spend more.”

He cited the need for one-stop shop for VAT refunds, such as a VAT refund center in every international airport.

He added that if the Philippines breaches eight million foreign tourist arrivals next year, the country would need to raise its hotel room count. “At more than eight million, we will probably reach an occupancy rate of more than 70%, so raising our hotel room count is also crucial.”

He said that the country must improve foreign hotel brand penetration, now at 40%, to bring hotel fees lower.

“More supply will eventually result in lower hotel rates and will attract more tourists here, and that should be complemented by the VAT refund for foreign visitors,” he added.

Mr. Bondoc said the government should offer more incentives to foreign hotel operators. “What is interesting is that we’re now on the radar of these foreign hotel operators for hotels or even the condo hotels,” he said.

“So, it is important that we improve not just our infrastructure, our airports, but also the regulatory framework, meaning we provide more tax incentives because we want to make sure that we send a signal that the Philippines is open for business for these foreign hotel operators,” he added.

Fitch eyes better asset quality for PHL lenders

BW FILE PHOTO

THE ASSET QUALITY of Philippine banks is expected to improve in 2025, supported by strong economic expansion, loan growth and lower interest rates, Fitch Ratings said in a note on Thursday.

“We expect nonperforming loan (NPL) ratio improvements across five out of 14 larger Asia-Pacific markets in 2025 before rising to nine in 2026,” the credit rater said. “The largest near-term improvements are likely to be in India, Vietnam and the Philippines, mostly driven by robust economic expansion and loan growth, with the Philippines also benefiting from lower interest rates.”

Data from the Philippine central bank showed that the banking industry’s bad loan ratio rose to 3.6% in October from 3.47% in September and 3.44% a year ago. This was the highest bad loan ratio since May 2022, matching the June 2022 level.

Soured loans rose by 1.3% to P524.31 billion in October from P517.45 billion a month earlier. Year on year, bad loans jumped 16.7%.

“We expect stable or declining credit costs in most Asia-Pacific banking systems due to gross domestic product growth and steady unemployment,” Fitch Ratings said.

The Development Budget Coordination Committee last week narrowed its growth target to 6-6.5% this year from 6-7% after slower-than-expected third-quarter growth.

Banks in emerging markets including the Philippines could also benefit from a potential increase in US tariffs due to a stronger dollar, which could prompt central banks to increase their borrowing costs.

“This would result in a positive impact on banking sector revenue,” the credit rater said. “Indonesia stands out as an exception, where banks generally benefit from lower rates due to their specific asset/liability configuration. Higher interest rates can lead to increased bank revenue, but they are also likely to inhibit loan demand and elevate asset-quality risks.”

The debt watcher also expects double-digit loan growth for Philippine lenders amid a higher risk appetite in the next two years due to robust economic growth, competition and expanding financial inclusion. These have motivated banks to tap riskier segments to boost their loan growth.

Fitch Ratings cited Philippine banks’ stronger appetite for higher-risk, unsecured retail loans and loans to small and medium enterprises.

However, the credit rater said they could face asset quality risks if the business environment becomes more volatile.

“Philippine banks have historically demonstrated greater vulnerability in a less benign environment, although mainly to segments other than the bigger banks’ exposure to large conglomerates,” it said. — Aaron Michael C. Sy

ACEN acquires 49% stake in Bangladesh solar project

IBV ACEN Renewables Asia is a joint venture between ACEN Renewables International Pte. Ltd., a unit of ACEN, and ib vogt (Singapore) Pte. Ltd. — ACENRENEWABLES.COM

ACEN Corp.’s joint venture, IBV ACEN Renewables Asia Pte. Ltd., has finalized the acquisition of a 49% stake in a 70-megawatt solar project in Bangladesh, the Ayala-led company announced on Thursday.

IBV ACEN has met all conditions under the sale and purchase agreements with Bangladesh holding firm Sonagazi Sun Holdings Pte. Ltd., ACEN said in a regulatory filing on Thursday.

While the company has not provided specific financial details, it said that the acquisition price is “less than 10% of the book value of ACEN as of 30 September 2024.”

IBV ACEN Renewables Asia is a joint venture between ACEN Renewables International Pte. Ltd., a unit of ACEN, and ib vogt (Singapore) Pte. Ltd.

Ib vogt Singapore is an affiliate of ib vogt GmbH, a German company that specializes in developing and delivering large-scale turn-key photovoltaic plants.

The company has built or has projects under construction worth 4.3 gigawatts (GW), with a project pipeline of 55 GW.

In its previous disclosure, ACEN said that ACEN Renewables International was planning to invest as much as $18 million (approximately P1.04 billion) for the construction of the solar project.

The investment aligns with ACEN’s expected contribution of as much as $200 million in equity investment to accelerate the deployment of renewable energy in Asia.

The joint venture will focus on shovel-ready projects in Bangladesh, Laos, Cambodia, Vietnam, Indonesia, Malaysia, and other countries in the Asia-Pacific region, with a minimum target operational capacity of 1,000 MW.

ACEN, the listed energy platform of Ayala Corp., boasts a portfolio of about 6.8 GW of attributable renewable capacity in operation, under construction, and committed projects.

“ACEN’s renewable capacity has grown to almost 7 GW, in line with the strong momentum behind the energy transition in the region. The company continues to focus on execution, especially for projects in construction and under development,” ACEN President Eric T. Francia said.

For the nine months ending in September, the energy company’s attributable net income increased by 23.9% to P8.14 billion from P6.57 billion a year ago.

Gross revenues went down by 2.4% to P27.96 billion from P28.65 billion last year.

On Thursday, shares in the company declined by 5.96% to close at P3.47 each. — Sheldeen Joy Talavera

State-of-the-art yoga studio in Alabang

PHOTO FROM JAL YOGA PHILIPPINES

SELF-CARE and holistic wellness have risen in Filipinos’ priorities, manifesting in an increase in running clubs and biking activities. Yoga studios are no exception, reflecting how conscious people now are of their wellbeing.

“When you breathe deeply and move mindfully, you can experience true calm,” said yoga instructor Rajan Singh, who has been teaching yoga for over a decade.

Aside from maintaining a fit physique, it allows practitioners to “destress and have a fresh start.”

Mr. Singh is just one of the many instructors teaching at the Jal Yoga studio in Alabang, Muntinlupa, which offers yoga, barre, and pilates all in one place.

BusinessWorld was able to try out one of his sessions to see what a yoga class in a state-of-the-art facility is like. The particular session was titled Yin & Yang, which the studio recommended given this writer’s mild scoliosis.

Its description reads that “the cooling Yin and warming Yang aspects of yoga” will allow one to find balance. This is done by working on the connective tissues (considered the Yin) in conjunction with the muscles (considered the Yang), to “build strength, stamina and flexibility.”

The class was small, with only three attendees that Sunday afternoon, which allowed Mr. Singh to focus on each one. Before teaching in the Philippines, he worked as an instructor all over the world — in India, Singapore, Dubai, and Hong Kong, to name a few places — and it shows. Those nervous about not being able to do the poses well can expect the instructor to be a helpful guide, showing patience if support is needed.

Afterwards, the effect of the Yin & Yang being activated resulted in a good pain (especially the next day!) and a feeling of increased flexibility. While it makes for a positive, novel one-off experience, it’s better if you can allot time and resources to practice yoga long-term, to get more of the benefits.

FIRST IN THE COUNTRY
Established in 2018, Jal Yoga opened at two locations in Singapore with the aim of providing practitioners with expansive offerings of yoga, Pilates, and barre. It then expanded to Malaysia, Indonesia, and Dubai, only setting up shop in the Philippines in August this year.

“It is remarkable how so many Filipinos now recognize the importance of wellness, pursuing more physical activities like running and biking which have been proven to have a positive impact on mental wellness,” said Jasmine Loh, one of Jal Yoga’s founders.

She pointed out that the studio in Alabang has state-of-the-art infrared heat panels “for the perfect and comfortable temperature.”

BusinessWorld found this an interesting aspect of the class. At first, it makes one wonder if they had forgotten to turn on the air conditioning, but it turns out that is the point. The gentle warmth of the room adds to the experience of holding tough positions and feeling the joints and muscles tighten and relax.

“The infrared panels radiate therapeutic infrared rays which help weight loss, blood circulation, improve skin and hair, and reduce fine lines and wrinkles,” Ms. Loh explained.

For Jal Yoga founder Pardeep Fogat, also an accredited yogi, the studio is state-of-the-art because of its bespoke classes — including Infra Hatha, Vinyasa, Ashtanga, Kinetic Yoga, and even Aerial Yoga — taught by expert instructors, combined with the infrared panels.

“Our infrared technology makes it easier for newcomers to be more comfortable in doing the exercises. After a session or two, you’ll immediately feel the difference,” he said.

Their goal can also be found in their name, Jal, which means “water” in Hindi. “Like the water that adapts to any form, flows to the deepest depths, and traverses the greatest of heights, we aim to guide anyone who walks through our doors in their journey towards wellness,” he added.

Aside from yoga, the barre classes help participants achieve “a lean and toned physique using their own body weight,” while the Pilates classes focus on “improving overall strength, balance, mobility, and well-being.”

The studio is at the ground floor of the One Trium Tower in Alabang, Muntinlupa City. Their prices range from P422 to P504 per class, while their unlimited class membership costs P5,000 a month. Jal Yoga Philippines’ full list of classes and amenities can be found on its website, jalyoga.com.ph, and its Facebook and Instagram pages. — Brontë H. Lacsamana

Cebu Pacific to boost seat capacity by up to 26% in 2025

CEBUPACIFICAIR.COM

CEBU PACIFIC is set to increase its monthly seat capacity to 2.9 million by January next year from 2.3 million currently, an airline official said.

“We are starting to reach higher and go more global in promoting the Philippines — not just for domestic travel, but for international inbound travel as well,” Cebu Pacific Chief Marketing and Customer Experience Officer Candice A. Iyog told reporters on Wednesday.

“By January next year, we will have grown the network by 130% year on year, while seats will increase from 2.3 million a month to 2.9 million,” she added.

“January 2025 is a snapshot; we intend to grow our seats by around 24%-26% next year,” Cebu Pacific President and Chief Commercial Officer Alexander G. Lao said.

The company plans to increase its current 104 routes to 116 routes and aims to boost its monthly flights from 12,000 to 15,000-16,000, according to Ms. Iyog.

Cebu Pacific also plans to further expand its Manila hub, while also strengthening its hubs in Cebu and Clark and open new bases in Davao and Iloilo.

According to the budget carrier, its Cebu hub seats have expanded by 67% to 790,000 in December from 473,000 in January, while flight count has grown by 54% to 6,000 per month from 4,000 in January.

For its Clark hub, seats more than doubled to 161,000 in December from 79,000 in January, while flight count jumped by 97% to 872 from 441 in January.

Meanwhile, its Davao and Iloilo hubs also saw improvement, data from the company showed.

Seats in the Davao hub increased by 81% to 289,000 in December from 160,000 in January, while flight count went up by 57% to 1,345 from 852 in January.

The Iloilo hub has also expanded, with seats increasing by 67% to 178,000 in December from 106,000 in January, while flight count rose by 54% to 851 in December from 552 in January.

For the year, Cebu Pacific is expecting a total of 18 new aircraft deliveries, further expanding its fleet network to a total of 95. Of the projected fleet deliveries, 15 aircraft have arrived to date, and three more are expected to be delivered by yearend, Ms. Iyog said.

To recall, the company finalized its aircraft order in October with Airbus SE, making it the largest aircraft order in Philippine history.

Cebu Pacific, operated by Cebu Air, Inc., committed to purchasing up to 152 aircraft from Airbus, valued at P1.4 trillion ($24 billion).

The company’s agreement with Airbus covers 102 A321 new engine option (NEO) and 50 A320neo family aircraft.

The airline currently serves 35 domestic and 26 international destinations across Asia, Australia, and the Middle East. — Ashley Erika O. Jose

Transmission rates down in November

PHILIPPINE STAR/MICHAEL VARCAS

TRANSMISSION CHARGES for the November billing period, which will be reflected in December’s bills, decreased due to a slight decrease in ancillary service (AS) costs, according to the National Grid Corp. of the Philippines (NGCP).

The overall transmission rates decreased by 7.44% to P1.1966 per kilowatt-hour (kWh) in the November supply month, based on NGCP’s presentation at a briefing on Thursday.

Transmission charge refers to the cost of delivery of electricity from power generation facilities to power distribution systems.

Julius Ryan D. Datingaling, head of business and regulatory development at NGCP, said that transmission wheeling rates, or what NGCP charges for its primary service of delivering power, declined by 0.96% to P0.4957 per kWh in November from P0.5005 per kWh a month earlier.

AS charges, on the other hand, decreased by 12.84% to P0.5699 per kWh from P0.6539 per kWh a month ago.

AS charges pertain to the cost for the power sourced from the reserve market and those from providers with bilateral contracts with NGCP. It provides support services used to balance and stabilize the grid during power supply-demand imbalances, according to the company.

The grid operator earlier noted that it does not earn from AS and did not benefit from the increase in prices as it is a pass-through cost given to generating companies.

Transmission charges account for 3% of a consumer’s monthly electricity bill, according to NGCP Spokesperson Cynthia P. Alabanza.

Generation charges, on the other hand, share the bulk of the total electricity rate or more than 50%. — Sheldeen Joy Talavera

Entertainment News (12/13/24)

Ben&Ben featured on Times Square billboard

AWARD-WINNING Filipino band Ben&Ben has achieved a new milestone, appearing on a Times Square billboard for Spotify. This high-profile feature is part of a campaign to promote their third studio album, The Traveller Across Dimensions. The band’s new album, released on Nov. 29, has garnered widespread traction for its expansive concept and sonic experiments. The campaign in Times Square marks a significant step in expanding Ben&Ben’s global presence, bringing their unique sound to new audiences worldwide. Ben&Ben is set to bring the album to life with their first arena concert on Dec. 14 at the Mall of Asia Arena in Pasay City. The concert will be a blend of live music with state-of-the-art multimedia elements. The Traveller Across Dimensions is now available for streaming on all digital platforms via Sony Music Entertainment.

Apl.de.Ap Foundation backs students’ Christmas song

THE Apl.de.Ap Foundation International and One Down Media have joined forces to release “It’s That Time of Year,” a new Christmas song performed by over 3,000 students from the Sisters of Mary Schools in Cavite, Philippines. Each stream of the song helps fund housing, meals, and education for children in need. This track is designed to become an annual tradition, and the masters of the song have been donated to the school, ensuring a sustainable, recurring gift every holiday season. The students aren’t just performing; they’re learning about the art of making music. Apl.de.Ap, founder of the foundation, said: “This song not only captures the spirit of Filipino Christmas but also gives these students a chance to see their creativity recognized on a global stage.” The music video, produced by One Down and filmed on location in Oxnard, California, will premiere on One Down’s YouTube channel on Dec. 12. Featuring young local dancers, families, and real people, it tells the story of a lonely grandmother rediscovering holiday joy. The song itself was produced by Grammy-winning artists Apl.de.Ap and Keith Harris, alongside multi-platinum songwriter and producer David “DQ” Quinones, songwriter Johnny Black, and recording engineer Edgar “Artek” Sinio, and is a seamless collaboration between world-class talent and aspiring young voices. For over 30 years, the Sisters of Mary Schools have provided free, high-quality education, housing, and meals to children from impoverished families. Having supported over 60,000 children since their founding, the schools boast an 86% success rate in helping graduates break the cycle of poverty. “It’s That Time of Year” is now streaming on Spotify and other platforms. Donations can be made at https://www.zeffy.com/donation-form/aplfi-x-som-x-one-down.

Iconic FPJ films to premiere on GMA in 2025

GMA NETWORK and FPJ Productions, Inc. have announced a partnership to broadcast Fernando Poe, Jr.’s (FPJ) iconic films in the FPJ sa GMA program set for 2025. The new program will feature a selection of FPJ’s box-office hits, offering a nostalgic experience for longtime fans and introducing his legendary works to a new generation. The partnership was sealed in a contract signing on Dec. 3, attended by GMA Network President and Chief Executive Officer Gilberto R. Duavit, Jr., along with key executives. Representing FPJ Productions were Senator Grace Poe and FPJ Productions President Jeffrey Stevens G. Sonora, among others. This partnership also celebrates the 20th anniversary of FPJ’s passing.

Knock2 teams up with RL Grime, announces global tour

ELECTRONIC MUSIC star Knock2 has collaborated with trap producer RL Grime on the new single, “come aliv3,” featuring vocalist Abi Flynn. This track is the third single from Knock2’s debut album, nolimit. To celebrate the album release, Knock2 will embark on the Knock2: nolimit TOUR, starting in Vancouver, British Columbia, in February 2025. The tour will visit major cities including New York, Sydney, Chicago, Toronto, Denver, Austin, Vancouver, and Perth, showcasing his new stage production, The Stack. For tickets, visit https://nolimitmuzik.net/.

Party Favor bids farewell with final EP

DANCE MUSIC artist Party Favor is saying goodbye to the scene with his final EP, The Party Never Dies, released on Dec. 6 through Ultra Records. This final project wraps up his journey in the electronic music industry. To celebrate the release and his career that spans over a decade, an “honorary funeral” music video has been created, featuring appearances by over 20 industry artists such as Valentino Khan, Bijou, and Rossy Kate. Party Favor, known for his innovative blend of trap, bass, and house music, has helped shape the dance music landscape. For more updates check, partyfavorfuneral.com.

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