Home Blog Page 262

LANDBANK powers cashless fare payments in MRT-3

United for seamless transport fare payments: (from left to right) (from left to right) VISA Country Manager Jeffrey Navarro, Mynt President and CEO Martha Sazon, DoTr Secretary Vince B. Dizon, DICT Secretary Henry Rhoel R. Aguda, BSP Monetary Board Member Walter C. Wassmer, G-Xchange President and CEO Ren-ren Reyes, LANDBANK President and CEO Lynette V. Ortiz and Executive Vice-President Leila C. Martin, and BSP Deputy Governor Mamerto E. Tangonan join forces to pilot contactless fare payments at MRT-3 under the Automated Fare Collection System.

LANDBANK reinforced its role as a key enabler of convenient and cashless commuting with the successful pilot launch of the Department of Transportation’s (DoTr) Automated Fare Collection System (AFCS) for MRT-3 on July 25.

Under the AFCS, MRT-3 passengers can now experience seamless commuting by simply tapping their debit, credit, or prepaid Europay, Mastercard, and Visa (EMV) cards at upgraded turnstiles. This offers a faster and more convenient alternative to single-journey tickets and stored-value cards, marking a shift towards secure, seamless, and real-time transit payments.

The live demonstration was led by Transportation Secretary Vince B. Dizon, Bangko Sentral ng Pilipinas (BSP) Monetary Board Member Walter C. Wassmer and Deputy Governor Mamerto E. Tangonan, Department of Information and Communications Technology (DICT) Secretary Henry Rhoel R. Aguda, Mynt President and CEO Martha Sazon, Globe Exchange, Inc. (GXI) President and CEO Ren-ren Reyes, LANDBANK President and CEO Lynette V. Ortiz, VISA Country Manager Jeffrey Navarro, RCBC President and CEO Reginald Cariaso, and RCBC Chief Innovation and Inclusion Officer EVP Lito Villanueva, among other key stakeholders.

“We are proud to enable smart, secure, and contactless payments for daily commuters and to support the government’s push for digital transport reform. At LANDBANK, we are always ready to partner with both public and private players to scale interoperable payment solutions that improve everyday lives,” said LANDBANK President and CEO Lynette V. Ortiz.

As part of the collaboration project, GCash operator GXI deployed and maintains the POS terminals and transit system at MRT-3 turnstiles, handling fare computation, reporting, and commuter support to ensure smooth card-based transactions.

Meanwhile, LANDBANK serves as the sole acquiring bank and transit payment gateway integrator, ensuring that payments made using EMV cards are authorized, processed, and settled directly into DoTr’s account.

LANDBANK’s Transit Payment Solution supports fare payments across different transport modes through an integrated system of validators, a central payment gateway, and settlement services. It works for EMV and other dedicated cards and can connect with other transit providers through secure digital links to support a truly interoperable nationwide transit experience.

The AFCS forms part of the National Government’s broader agenda to digitize public services, aligned with Executive Order No. 170 and the BSP’s Digital Payments Transformation Roadmap.

With this initiative, LANDBANK stands ready to help build a fully modernized and inclusive public transport ecosystem, powered by financial technology and strong inter-agency and public sector collaboration.

 


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

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

Pushing for the mainstream use of bamboo in construction

https://youtu.be/WOtwrjTbKGw

Bamboo, recognized as a sustainable construction material, could be considered for inclusion in the National Building Code of the Philippines to promote its widespread use, according to a civil engineer and bamboo advocate.

Luis Felipe Lopez, general manager of BASE Foundation Inc., told BusinessWorld that incorporating bamboo in construction could help tackle important challenges such as the housing shortage and climate change.

Interview by Edg Adrian Eva
Video editing by Jayson Mariñas

#BambooIndustryInsights
#GreenConstructionPH
#SustainableStructures
#StrategicSustainability
#BusinessWorldPH

Wilcon Depot and San Carlos City: A win-win collaboration

Wilcon Depot San Carlos, Pangasinan facade

Even the small can pack a big wallop in business.

This could well be the case of San Carlos City in the province of Pangasinan. Although it is considered to be the smallest city in Pangasinan in terms of land area, it also has the biggest population. This translates to a bountiful harvest of opportunity for both the local government, apart from corporate investors and entrepreneurs like Wilcon Depot.

Why San Carlos City?

Statistics show that over the past five years alone, San Carlos City’s progress has been more than significant. The development has been anchored on infrastructure such as the widening and drainage of the Pangasinan Link Expressway (PLEX). Official documents in the province’s website reveal that over P698 million has been poured to “fund the construction, maintenance and improvement of provincial and barangay roads and bridges in 2024.” The city has also entered into a number of corporate partnerships with the top corporations of the land. Pangasinan’s economic growth numbers have soared with San Carlos City contributing a meaningful chunk in the rising revenues and municipal programs. The province’s website say that there are about 5,000 housing units planned starting this year. And the people are manifesting a healthy kind of urban readiness.

Strong infrastructure and connectivity including provincial roads and the upgrade of bridges provide proximity to highways and neighboring urban centers. Plus the city boasts of a robust and young population that is steadily growing. In a 2020 census, official data show that the city’s population was in the range of 205,000, mostly young — a big leap from the 188,000 range in 2015.

Marking a new chapter in the province’s steady rise, Wilcon’s newest store in San Carlos, Pangasinan stands as a symbol of growth, grit, and community-driven progress. The 104th branch’s ceremonial ribbon cutting was led by (L-R) Wilcon Depot AVP for Sales and Operations Harvy Cruz; Francis Lazaro; San Carlos City, Pangasinan Vice-Mayor Joseres S. Resuello; Wilcon Depot President and CEO Lorraine Belo-Cincochan; San Carlos City, Pangasinan Mayor Julier C. Resuello; Representative of Congresswoman Rachel Arenas; Malasiqui, Pangasinan Councilor Vincent Arenas; HCG Distributorship Manager Paul Wu; Malasiqui, Pangasinan Councilor Jessica Gueco; and San Pedro-Taloy Brgy. Captain Juanito Aquino, who helped welcome this milestone in San Carlos.

Wilcon’s 104th

Taking in all these data and the opportunities they present, it is no wonder that Wilcon Depot, the country’s leading home improvement corporation opened its third branch in the bustling province. San Carlos City is the newest home of Wilcon Depot, the company’s 104th store in the country. Wilcon’s practice of recruiting staff from the local population would augur well for San Carlos City whose employment figures could use a boost. Wilcon’s corporate culture includes training and upskilling available local workers. This practice would be very much welcomed by the LGU.

Sanitarywares Section

San Carlos City is also teeming with urban demand for housing and retail, an obvious opportunity which promises to benefit both Wilcon and the local community and its builders. Construction and wholesale/retail are the growth drivers. In 2023 alone, the Philippine Statistics Authority reported that Pangasinan enjoyed 6.3% growth amounting to P375.31 billion. But there’s more — the major contributor among the industries considered were construction, wholesale and retail trade and manufacturing. Definitely areas that a Wilcon Depot in San Carlos City can complement.

That is why not even the monsoon rains could stall the grand opening of Wilcon Depot in San Carlos City on July 25. The event was attended by San Carlos City, Pangasinan Mayor Hon. Julier C. Resuello; Vice-Mayor Hon. Joseres S. Resuello; the representative of Congresswoman Hon. Rachel Arenas; Malasiqui, Pangasinan Councilors Hon. Vincent Arenas and Hon. Jessica Gueco; San Pedro-Taloy Brgy. Captain Hon. Juanito Aquino; HCG Distributorship Manager Paul Wu; and Wilcon executives — Wilcon Depot AVPs for Sales and Operations Harvy Cruz and  Francis Lazaro, and Wilcon Depot President and CEO Lorraine Belo-Cincochan.

Tile Section

In her message, Ms. Belo-Cincochan shares, When we envisioned building in San Carlos, it wasn’t just about adding another branch. It was about access, not just accessibility in location, but also access to premium-quality products, reliable service, and a wide range of choices for every Filipino home.

Win-Win

All told, the new big box Wilcon Depot in San Carlos City is poised to be a win-win business reality. It opens up job options for builders, electricians, store managers, sales and warehouse workers and other local talent of the workforce. Wilcon’s presence adds to government revenue and other economic benefits.

DIY Section

Beyond this, local contractors and even modest builders will get easier access to supplies and home improvement needs that can potentially lessen construction costs and encourage more construction and home projects. This will result to a multiplier effect that can positively impact citywide construction.

From the business owner’s view, San Carlos City presents an increasing customer base. From the local government’s perspective, Wilcon in the city will improve employment figures and revenue. But more importantly, for the residents and nearby builders, whether they be big or small, Wilcon in San Carlos City translates to better retail options, and an expansive array of their home improvement wish list all within striking distance. It will come as no surprise if San Carlos City will see a significant economic uplift in the next few years, one that will be supported by the presence of Wilcon Depot in the city.

As Wilcon’s SEVP and COO Rosemarie Bosch Ong aptly puts it, “We will continue to build stores nearer to all Filipinos. That’s because it is not just edifices that we help build. We’re in step in creating stronger, more resilient, safer communities aligned with every Filipino’s dream. Wilcon Depot is here for every Filipino. In every season. And for all the best reasons.”

Now that is definitely a win-win collaboration in big and small ways for Wilcon and San Carlos City.

For more information about Wilcon, visit www.wilcon.com.ph or follow their social media accounts on Facebook, Instagram, and TikTok. or subscribe and connect with them on Viber Community, LinkedIn, and YouTube. Or you may contact Wilcon Depot Hotline at 88-WILCON (88-945266) for inquiries.

 


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

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

Marcos launches revamped outpatient program with more medicines, screenings

photo by Edg Adrian A. Eva, BusinessWorld

by Edg Adrian A. Eva, Reporter

Philippine President Ferdinand R. Marcos Jr. on Friday launched the revamped outpatient benefits program of the Philippine Health Insurance Corporation (PhilHealth), which now offers expanded coverage for medicines and screenings, along with improved online access.

The program, now called the Yaman ng Kalusugan Program (YAKAP), is the revitalized version of PhilHealth’s outpatient benefits program, Konsulta, which was first launched in 2021.

During the launch event, Mr. Marcos said the enhanced YAKAP is bringing primary healthcare closer to communities, addressing the high hospital mortality rates among patients due to lack of access to healthcare.

“Napakalayo ng ating malalaking hospital doon sa kanilang pinanggagalingan. Kaya napakahirap makapunta [Patients find it hard to go to our major hospitals since they are very far from where they come from],” Mr. Marcos said.

“…kailangan ibaba ang healthcare natin—hindi lamang sa malalaking ospital, kundi pati sa mga maliliit na clinic, sa mga tinatawag natin dati na RHU, ang Rural Health Unit [The answer is that we need to bring healthcare not only to large hospitals, but also to smaller clinics],” he added.

Under PhilHealth’s YAKAP, Filipinos may avail of 13 outpatient laboratory tests and 6 cancer screening tests, including mammogram, liver ultrasound, low-dose CT scan, and colonoscopy.

The program will also offer broader access to more than 75 medicines, up from the previous 54 available.

This helps reduce Filipinos’ out-of-pocket expenses, as maintenance medicines account for about 40%, PhilHealth chief Edwin M. Mercado said.

He added that a P20,000 credit line is available, which can be used to buy medicines for minor illnesses like the common cold and flu.

“Sa ganung paraan po, mababawasan din yung siksikan natin sa ating mga ospital at maiiwasan din natin ang paglala ng ating sakit [In that way, we can reduce overcrowding in our hospitals and also prevent our illnesses from getting worse],” Mr. Mercado said.

To access YAKAP’s primary care and outpatient benefits, users can now conveniently register online through the eGovPH app.

Once fully logged in, Mr. Mercado said Filipinos can also check the healthcare facilities contracted under YAKAP, which now number around 4,600.

Meanwhile, Mr. Marcos also said that the expanded benefits and digitalization of YAKAP are his administration’s response to the gaps in the country’s healthcare system learned during the pandemic

He added that the program is also a way for the government to demonstrate its full strength and commitment to improving the lives of Filipinos.

Philippines top court throws out impeachment complaint against VP Duterte

BW FILE PHOTO

MANILA – Philippine Vice President Sara Duterte scored a big legal win on Friday when the Supreme Court struck down an impeachment complaint against her, ruling that it was unconstitutional.

The lower house of Congress had impeached Duterte in February, accusing her of misusing public funds, amassing unusual wealth and threatening to kill Philippine President Ferdinand Marcos Jr, the First Lady, and the House Speaker.

The court said it was not absolving Duterte of the charges, but the ruling may nevertheless be a huge boost for her political ambitions.

She is widely seen as a strong contender for the 2028 presidency, which Mr. Marcos cannot contest due to a single-term limit for Philippine presidents, but an impeachment trial conviction would have seen her banned from office for life.

Ms. Duterte has said the move to impeach her, which came amid a bitter feud with Mr. Marcos, was politically motivated.

“This unanimous decision has once again upheld the rule of law and reinforced the constitutional limits against abuse of the impeachment process,” Ms. Duterte’s lawyers said in a statement.

Ms. Duterte is the daughter of firebrand former President Rodrigo Duterte, who is now in the custody of the International Criminal Court over his bloody war on drugs. He has denied wrongdoing.

In a unanimous decision, the country’s top court agreed with Ms. Duterte’s contention that Congress violated a constitutional safeguard against more than one impeachment proceeding against the same official within a year.

More than 200 members of the lower house had endorsed the fourth impeachment complaint to the Senate, having not acted on the first three filings.

“The articles of impeachment, which was the fourth complaint, violated the one year period ban because there were three complaints that came ahead of it,” Supreme Court spokesperson Camille Ting told a media briefing.

As a result, the Senate then did not have the authority to convene an impeachment tribunal, the court added.

Mr. Marcos has distanced himself from the proceedings against his estranged Vice President, saying the government’s executive branch cannot intervene in the matter.
His office said on Friday the court’s decision must be respected.

A spokesperson for the Senate said the upper chamber was duty-bound to respect the court’s ruling.

There was no immediate comment from members of the House prosecution panel, but a spokesperson for the lower house said that while it respects the court, “its constitutional duty to uphold truth and accountability does not end here.”

The Supreme Court said a fresh complaint could be filed against Ms. Duterte once the ban expires.

“We remain prepared to address the allegations at the proper time and before the appropriate forum,” Ms. Duterte’s lawyers said. – Reuters

SONA 2025: What to expect from the President’s address

The fourth State of the Nation Address (SONA) is just days away.

The House of Representatives is expected to be in full house as President Ferdinand R. Marcos Jr. delivers his report to the nation.

His speech is expected to highlight his administration’s key achievements, as is often the case with SONAs. But many Filipinos may also be looking for a stronger commitment to addressing the country’s most pressing and still-unresolved issues, especially now that he is halfway through his term.

In this B-Side episode, we speak with political expert Michael Henry Ll. Yusingco, Senior Research Fellow at the Ateneo Policy Center, to help us break down what to expect in the upcoming SONA.

Interview by Edg Adrian Eva
Audio editing by Jayson Mariñas.

#SONA2025
#SONAWatch2025
#MidtermReflections
#PolicyPH
#BusinessWorldPH

Music: Awakening by Lucjo https://soundcloud.com/lucjomusic
License: Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0
Free Download / Stream: https://www.audiolibrary.com.co/lucjo/awakening
Music promoted by Audio Library: https://youtu.be/e6VUuAnC9_8

The premier franchise show for Region VII is back — ‘Franchise Negosyo Para sa Region VII (Cebu)’

The Philippine Franchise Association (PFA) is proud to announce the holding of its biggest regional franchise show, “Franchise Negosyo Para sa Region VII (Cebu),” a premier event designed to empower aspiring entrepreneurs and expand franchise opportunities in the Visayas region. The event will take place on Aug. 1-2, 2025, at the Mountain Wing Atrium, SM Seaside City Cebu.

Franchise Negosyo Para sa Region VII (Cebu) will feature more than 60 participating exhibitors, showcasing a diverse range of successful franchise brands from various industries, supported by allied suppliers for a comprehensive business setup. This two-day event offers a unique platform for attendees to explore legitimate investment opportunities, learn about the basics of franchising, and connect directly with established franchisors and service providers.

Attendees can also look forward to an enriching program of seminars and forums, including:

  • How to Invest in the Right Franchise: A free seminar for would-be franchisees, offering essential guidance on making informed investment decisions.
  • Franchise Forum: “Expanding Your Business Through Franchising”: A dynamic forum for those interested in growing their existing businesses through the franchise model.
  • How to Franchise Your Business: A paid seminar specifically designed for aspiring franchisors, providing a comprehensive guide to franchising their own concepts. (This will be at the Summit Galleria Hotel on Aug. 2, 2025.)

“We are thrilled once again to hold our yearly Franchise Negosyo Para sa Cebu, but this time making it bigger, better, and targeting the entire Region VII,” said Chris Lim, CFE, chairman of PFA. “This expanded scale reflects Cebu’s undeniable and growing importance as a major economic powerhouse and a vital contributor to the country’s prosperity. This event reaffirms our unwavering commitment to fostering entrepreneurship by empowering more Filipinos in this dynamic region with accessible pathways to business ownership and growth.”

Kenneth Lim, PFA director for Western Visayas, emphasized Cebu’s strategic importance: “With Cebu sustaining its trillion-peso GDP and its position as a gateway to the Visayas makes it an ideal location for franchise expansion. The entrepreneurial spirit here is strong, and we believe ‘Franchise Negosyo Para sa Region VII’ will catalyze countless new ventures, contributing significantly to the region’s prosperity.”

Cebu’s robust growth fueled by tourism, BPM, industry, and trade proves its resilience and dynamism,” Mr. Lim added. “These sectors create fertile ground for franchise businesses to thrive, making the region not just a strategic gateway, but also a launchpad for scalable and sustainable enterprise.

The event is FREE and open to the public, and is an ideal opportunity for individuals looking to start their own business, diversify their investments, or simply learn more about the booming franchise sector in the Philippines.

This event is not possible without the help and support of the following partners: Provincial Government of Cebu, City Government of Cebu, DTI Region VII, OWWA Region VII, Cebu City Chamber of Commerce, Mandaue Chamber of Commerce, SM Supermalls, PLDT Enterprise, GCash, Carrier, BPI, Grainsmart Café, UnionBank, Chong’s Chicken Inasal; Golden Roast Chicken Inasal; Phoenix LPG; Converge; Villa Tuna; Mayet Dela Rosa Fine Jewelry; Francorp; U-Franchise and Qualiplus.

Media Partners: NET 25 Eagle Broadcasting Corp., BusinessWorld, Business Mirror, Mega Mobile (Inquirer Mobile), Inquirer Group of Companies, Asia Journal / Balikbayan Magazine, Philstar Media Group, Philippine Daily Inquirer

 


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

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

DICT, Tech for Good Institute convene roundtable on the Future of Work in the Philippines

Policy makers, industry leaders, academics, and civil society representatives convened yesterday at the Philippines Roundtable on New Models of Work, hosted by a regional think tank, the Tech for Good Institute (TFGI), in collaboration with the Department of Information and Communications Technology (DICT).

Marking the first event specifically designed to adapt and implement regional best practices within the unique labor market conditions of the Philippines, the roundtable addressed urgent workforce challenges intensified by the rapid growth of the digital economy.

As one of Southeast Asia’s fastest-growing digital economies, the Philippines faces significant shifts in its labor market, driven by an accelerated reliance on digital platforms, a booming gig economy, and an increase in international remote work.

However, critical challenges such as skill mismatches, limited digital literacy skills among Filipinos, and unequal access to digital opportunities, intensify the need for immediate strategic interventions. A 2020 survey by PIDS-DICT shows that most Filipinos on online platforms still overwhelmingly perform jobs at the lower end of the value chain including marketing/sales (45%) and clerical/data entry (24%).

Considering these challenges, advancing digital skills and workforce readiness has become a core pillar of the Marcos administration’s vision for inclusive digital transformation.

The DICT has taken the lead in operationalizing this vision through a combination of connectivity infrastructure and human capital development. The continued rollout of the National Broadband Plan and the Free Wi-Fi for All Program has laid the groundwork for broader digital access. At the same time, the Trabahong Digital initiative aims to close the digital skills gap by delivering targeted upskilling and reskilling programs that prepare Filipinos for more meaningful participation in the digital economy.

The roundtable produced insights tailored specifically for the Philippines, highlighting innovative strategies such as targeted industry-aligned upskilling and reskilling programs to directly address current skill shortages in high-demand digital sectors.

Additionally, participants discussed new models for human-centric workplace designs aimed at improving worker well-being, productivity, and retention amidst evolving work conditions. The dialogue also emphasized establishing cross-sector collaborative frameworks to create immediate channels for public-private-educational partnerships, enhancing workforce responsiveness and resilience.

During the discussion, successful strategies from other Southeast Asian nations were highlighted — such as Singapore’s SkillsFuture initiative, which empowers individuals to upskill through subsidized training, and Malaysia’s public-private collaborations, including those led by the Malaysia Digital Economy Corp., that support digital skills development aligned with industry needs.

These practices were contextualized to align with the Philippines’ labor market conditions, offering actionable insights for local stakeholders.

“Technology is reshaping labor markets across Southeast Asia, and the Philippines is uniquely positioned to become a leader in proactive workforce transformation,” said Citra Nasruddin, Programme Director of TFGI. “This roundtable sets a new benchmark by translating successful regional insights into immediate, actionable strategies for the Philippines context.”

DICT Assistant Secretary Celine Dee emphasized the importance of building an intentional framework to co-create tailored digital skilling and job pathways stating, “There is value in building a digital economy rooted in local communities, responsive to private sector needs, and resilient enough to scale across the Philippines.

As such, we want to create a powerful feedback loop between local demand and industry expertise, and build an ecosystem where Filipinos can actively shape their own futures through technology.”

Key attendees included representatives from government agencies such as the Department of Labor and Employment (DoLE) and Technical Education and Skills Development Authority (TESDA), leading industry players including Microsoft Philippines and Grab Philippines, and academic leaders from Ateneo de Manila University and the University of Asia and the Pacific.

Insights and strategies developed from this groundbreaking national dialogue will inform similar country-specific discussions throughout Southeast Asia, positioning the Philippines as a proactive regional model in digital workforce adaptation.

 


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

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

Filinvest Land bags global recognition as Employer of the Year at 2025 Stevie® Awards

Filinvest Land, Inc. (FLI), one of the country’s trusted real estate developers, proudly joins global giants like IBM and DHL Global Forwarding as a distinguished winner at the 2025 Stevie® Awards for Great Employers. Securing the Bronze Stevie® Award in the Employer of the Year category for Real Estate, FLI uniquely represents the Philippines among renowned global corporations. This global recognition complements Filinvest Land’s recent acknowledgment as one of the Philippines’ Best Employers for 2025 by the Philippine Daily Inquirer and Statista, solidifying its reputation as a company genuinely built by people, for people.

The Stevie Awards for Great Employers recognize the world’s best employers, human resources professionals, teams, and HR-related achievements and solutions that create exceptional workplaces. Filinvest Land stands out among nominees across 35 nations for its robust, data-driven, people-first HR strategy. FLI’s comprehensive approach significantly enhances every stage of the employee journey — from talent acquisition and professional development to employee engagement, recognition, and retention. These focused efforts have solidified FLI’s reputation as an outstanding employer where individuals not only advance professionally but also feel genuinely valued.

“We grow because our people grow,” emphasized Tristan Las Marias, President and CEO of Filinvest Land. “This recognition reaffirms that our greatest assets are our employees. Their passion drives our continued success in building lasting dreams for Filipinos.”

Where Talent Grows, Wellness Matters, and Loyalty is Celebrated

Filinvest Land’s exceptional recruitment approach resulted in outstanding hiring efficiency in 2024, achieving a remarkable 95% on-time hiring rate and an impressive 97% job offer acceptance rate, empowering its workforce to lead, innovate, and excel. Beyond recruitment, FLI invests significantly in employee development, providing more than 45 training hours annually per employee in partnership with esteemed institutions such as the Asian Institute of Management. Gender inclusivity is deeply embedded in its leadership succession planning, with women comprising over half of its future leadership pipeline.

Further distinguishing its employer brand, Filinvest Land prioritizes holistic employee wellness through comprehensive health initiatives, including free mental health counseling and full HMO coverage utilization. Programs such as Filinvest Listens, an employee feedback initiative with a remarkable 100% participation rate, underline the company’s commitment to transparency, responsiveness, and trust. Celebrating employee loyalty is also integral to FLI’s culture, demonstrated by honoring 56 long-standing employees last year, some marking over three decades of dedicated service. This focus on retention and career advancement transforms Filinvest Land into a nurturing community, deeply invested in each employee’s career journey and personal fulfillment, continually shaping a promising future for its people.

A Company Built by People, for People

Filinvest Land’s achievements stand out not only for their scale and impact but for their deep alignment with the company’s mission. Each initiative, from strategic hiring to wellness and recognition, reflects FLI’s belief that its people are the true drivers of its success.

“For us, this award isn’t just a win; it’s a resounding echo of our core belief,” states Bing Paraguas, Group Head of HR Strategy and COE and First Vice President. “It’s a powerful validation that our people-first strategy isn’t just a philosophy — it’s the very foundation of our ambition in building a world-class organization. This honor fuels our relentless dedication to ensuring every individual in our team discovers genuine growth, unlocks continuous development, and creates a lasting impact within an environment where inclusion isn’t just a word, but how we thrive.”

This win forms part of a larger milestone for the Filinvest Group with FLI’s parent company, Filinvest Development Corporation (FDC), also garnering multiple honors at the 2025 Stevie Awards for Great Employers. FDC was recognized with two Bronze Stevie® Awards for Achievement in Recruitment and Talent Acquisition and Achievement in Organizational Culture, as well as a Silver Stevie® Award for Achievement in Leadership Development. These accolades underscore the group’s collective commitment to building empowered teams and sustaining a strong, value-driven culture across all its companies.

As Filinvest Land continues to grow its nationwide footprint and pursue excellence, its commitment remains clear: to Build the Filipino Dream not only through homes and communities, but through every career it shapes and every life it helps uplift.

 


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

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

Hulk Hogan, who helped turn pro wrestling into billion-dollar spectacle, dies at 71

NOTE: This photo was enhanced using AI | Source of original photo: https://commons.m.wikimedia.org/wiki/File:Hulk_Hogan,_circa_1985.jpg

Hulk Hogan, the American sports and entertainment star who made professional wrestling a global phenomenon and loudly supported Donald Trump for president, has died at the age of 71, World Wrestling Entertainment said on Thursday.

“WWE is saddened to learn WWE Hall of Famer Hulk Hogan has passed away. One of pop culture’s most recognizable figures, Hogan helped WWE achieve global recognition in the 1980s,” WWE said in a statement.

Police in Clearwater, Florida, said authorities had responded to a medical call for a cardiac arrest at Hogan’s residence on Thursday morning. Hogan was taken to a hospital, where he was pronounced dead, they said.

The bleach-blond, mahogany-tanned behemoth became the face of professional wrestling in the 1980s, helping transform the mock combat from a seedy spectacle into family-friendly entertainment worth billions of dollars.

A key moment in that evolution came at the WrestleMania III extravaganza in 1987, when Mr. Hogan, billed at 6’8″, hoisted fellow wrestler André the Giant before a sold-out Pontiac Silverdome in Michigan for a thunderous body slam of the 7’4″ Frenchman.

Mr. Hogan parlayed his wrestling fame into a less successful career in Hollywood, starring in films like “Rocky III” and “Santa With Muscles,” but kept returning to the ring as long as his body would allow.

In 2024, he appeared at the Republican National Convention to endorse the presidential bid of Trump, who in the 1980s had played host to Hulk-headlined WrestleManias. Hogan said he made the decision to support the Republican candidate after seeing his combative, fist-pumping reaction to an attempted assassination on the campaign trail.

“Let Trumpamania run wild, brother!” Hogan bellowed to a cheering crowd, ripping off his shirt to reveal a Trump tank top. “Let Trumpamania rule again!”

BECOMING ‘HULK’
Born Terry Gene Bollea in Augusta, Georgia, on August 11, 1953, the future Hulk and his family soon moved to the Tampa, Florida area. After high school, he played bass guitar for area rock bands, but felt a pull to the red-hot wrestling scene in Florida in the 1970s.

Many of the details of his career were showbusiness exaggerations, representative of the blurred lines between fact and fiction in wrestling.

His first trainer reportedly broke Hogan’s leg to dissuade him from entering the business, but he kept at wrestling, weight training, and – he later admitted – anabolic steroids. He gained in notoriety as his biceps turned into what he dubbed the “24-inch pythons.”

The “Hulk” moniker came from comparisons to the comic-book hero portrayed on TV at the time. He would end up paying royalties to Marvel Comics for years. “Hogan” was the invention of promoter Vincent J. McMahon, the owner of the World Wrestling Federation (WWF), who wanted Irish representation among his stable of stars.

His appearance as wrestler Thunderlips in “Rocky III,” where he dwarfed leading man Sylvester Stallone, rocketed Hogan to the mainstream. Upon a return to the WWF, now controlled by Mr. McMahon’s son Vincent K., he defeated the Iron Sheik in 1984 to claim the world championship, a belt he would hold for four years.

Hogan became a household name, appearing on the cover of magazine Sports Illustrated and performing alongside pop culture stars like Mr. T. The WWF came to dominate wrestling, anchored by its annual WrestleMania pay-per-view events.

“He drew more people to professional wrestling over the course of a career than anyone,” said Dave Meltzer, a wrestling journalist and historian. “He paid the price in health for all of that stuff, being so big.”

FACING ‘THE ROCK’
Later, he joined competitor World Championship Wrestling, swapping his trademark yellow tights for black and taking on a persona as the villainous “Hollywood” Hogan, the head of a gang of rulebreakers known as the New World Order. The gimmick reinvigorated his career.

Mr. Hogan eventually returned to the WWF, now known as WWE, and faced Dwayne “The Rock” Johnson at WrestleMania in 2002.

“I’m in better shape than him,” Mr. Hogan told Reuters at the time, five months shy of his 50th birthday. “I’ll stand next to The Rock and pose down with him if he wants to.” The Rock ultimately won the match.

Mr. Hogan was inducted twice into the WWE Hall of Fame, and referred to himself as the “Babe Ruth” of wrestling – after the New York Yankees’ famed baseball player.

But Mr. Hogan’s support of Mr. Trump in 2024 did not go down well with all wrestling fans, and he also faced other controversies. Gossip website Gawker was shuttered after it posted parts of a sex tape between him and a friend’s wife and Mr. Hogan sued on privacy grounds, winning a $140 million judgment.

In 2015, he was suspended by the WWE after another surreptitious recording revealed that Hogan had used a racial slur. He was reinstated in 2018.

He was married three times and had two children, who starred alongside him and first wife Linda in a 2005-2007 reality TV show, “Hogan Knows Best.”

Condolences for the Hulkster poured in across social media, including from Vince K. McMahon, his partner in the 1980s wrestling boom and the former executive chairman of TKO Group that absorbed WWE in 2023.

“He was a trailblazer,” Mr. McMahon wrote in a post on X. “He leaves us with one of his favorite expressions, ‘Train, take your vitamins and say your prayers.'”

“Today, we pray for him.” — Reuters

Trump signs order aimed at curbing big-money college sports payouts

STOCK PHOTO | Image by Vlad Vasnetsov from Pixabay

WASHINGTON – President Donald Trump waded into a debate over the influence of big-money payouts in college sports on Thursday, signing an executive order adding federal government scrutiny to the practice.

The order, which is expected to face legal challenges, seeks to block some recruiting payments by third parties like donors to college athletes in big-dollar sports like football and men’s basketball in order to preserve funds available for women’s and non-revenue sports.

Though the practice is already forbidden by the National Collegiate Athletic Association, some donors have found ways to bypass the rules to recruit top talent with lucrative offers.

The policy is not aimed at fair-market compensation to athletes for brand endorsements, the White House said.

The order also pushes colleges to raise scholarship payments for non-revenue sports and directs U.S. officials to start “clarifying” the legal status of student-athletes.

Mr. Trump’s directive could lead to changes in school budgets as well as the multimillion-dollar market for U.S. college athletes, and it could lead to limitations on payouts or employment rights for those athletes.

Yet how exactly the policy will be enforced is still to be determined.

Under the order, federal officials will develop a plan to deliver on Mr. Trump’s order using “all available and appropriate regulatory, enforcement, and litigation mechanisms,” including their funding power over states, colleges and universities.

Since taking office in January, Mr. Trump has repeatedly tried to intervene in actions by sports leagues, colleges and universities.

A February executive order aimed to bar transgender women from competing in women’s sports. The United States Olympic & Paralympic Committee implemented such a ban this week, citing the order.

Mr. Trump has also targeted elite universities’ federal funding over topics including pro-Palestinian student protests. Columbia University on Wednesday said it would pay over $200 million in a settlement to resolve federal probes and have most of its suspended federal funding restored.

PAY FOR PLAY
The NCAA, which governs U.S. sports in higher education, had long prohibited student-athletes from receiving compensation for athletics outside of scholarships in a bid to preserve the amateurism of college sports and keep the playing field fair for recruiting.

But in June 2021, the organization approved an interim policy allowing college athletes to make money by selling their name, image and likeness (NIL) rights.

The policy allowed student athletes to make money through activities such as signing autographs, endorsing products or businesses, and making personal appearances so long as the activities were legal in the state where the school was located.

In March 2025, the NCAA agreed to permanently eliminate its rule that prohibited student athletes from negotiating NIL deals before enrolling in a school.

The change came a day after a legal settlement between the NCAA and a group of state attorneys general who had sued the organization, arguing that the restriction violated federal antitrust law.

The changes in recent years on NIL payments, the White House said, “has created a chaotic environment that threatens the financial and structural viability of college athletics.”

Michael LeRoy, a University of Illinois labor and employment relations professor, said the order would likely be challenged as unconstitutional.

“The fact that players want to have the same rights under antitrust law that everybody else has is not a problem,” he said.

The problem, he said, is that the NCAA and athletic conferences that govern top sports “have stubbornly refused to grant employment status and collective bargaining to athletes.”

In a statement, NCAA President Charlie Baker said it was grateful for the administration’s focus on the issue and said that new legislation may be necessary to address problems facing college sports.

“There are some threats to college sports that federal legislation can effectively address and the Association is advocating with student-athletes and their schools for a bipartisan solution with Congress and the Administration,” he said. — Reuters

IMF reaches staff-level agreement for $2 billion disbursement to Argentina

A participant stands near a logo of the International Monetary Fund at the annual meeting in Nusa Dua, Bali, Indonesia, Oct. 12, 2018. — REUTERS/JOHANNES P. CHRISTO/FILE PHOTO

The International Monetary Fund said on Thursday it has reached a staff-level agreement on the first review of its extended fund facility with Argentina, potentially unlocking about $2 billion for the economically embattled Latin American nation.

The executive board meeting for the review, part of Argentina’s $20 billion loan program with the lender, is expected to take place later this month, the IMF said in a statement.

The IMF said the program had started off strongly “despite a more challenging external backdrop,” with Argentina’s inflation and poverty coming down while growth has ticked up.

“Notably, Argentina has re-accessed international capital markets earlier than anticipated,” the IMF added.

The lender said agreements had been reached with Argentina on safeguarding its fiscal anchor, building up reserves and making the drop in inflation last.

In the wake of the $20 billion, 48-month deal Argentina reached with the IMF in April, the country has loosened years-long controls that restricted access to foreign currency and has let the peso fluctuate within a moving band.

Analysts say the country’s economic growth is expected to moderate in the coming months due to the uncertainty around Argentina’s upcoming midterm elections.

The agreement with the IMF came with metrics to unlock funds, including on inflation and building up depleted central bank foreign currency reserves, something Argentina has struggled with.

“With the fund we have no problem,” said Economy Minister Luis Caputo in remarks to the press earlier on Thursday. “Of course, we’re working to reconstruct the level of reserves.” — Reuters