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Technology transfer remains a challenge for Southern Luzon farmers

There is a gap between South Luzon’s resources and the technology needed to upgrade the system of farming in the region, according to Ferdinand Z. Garcia, regional director of the Philippine Chamber of Commerce and Industry Region IV-A.

“Some of our farmers – even those that use hybrid palay [rice that has not been husked] – have not fully adapted to modern farming yet. They also lack farming equipment,” he said in an interview at the sidelines of the Department of Science and Technology’s Regional Agri-Aqua Innovation System Enhancement (RAISE) Summit.

“We have not fully utilized these technologies,” he told BusinessWorld.

“I guess the chamber, since some are also landowners or businessmen, could bring these two together,” he added.

Interview by Patricia Mirasol
Video editing by Richard Mendoza

Rise in type 2 diabetes cases seen among young Filipinos

(L-R) Dr. Fatma Tiu and Dr. Rey Rosales of Diabetes Philippines, Dr. Cyril Tolosa from AstraZeneca, and Mr. Reynaldo Abacan Jr. are united in the call to stop diabetes in a media conference held at EDSA Shangri-La Hotel.—ID8 EVENT PHOTO

An advocacy group on Friday said that the increasing cases of type 2 diabetes among young patients can be curbed through early screening and healthier habits in schools.

“Type 2 diabetes in the young is also increasing because of obesity and unhealthy lifestyle,” Diabetes Philippines Vice President Nines P. Bautista told BusinessWorld in an interview.

“What the school should do is incorporate lifestyle and exercise,” he added.

According to the Philippine College of Endocrinology Diabetes and Metabolism, type 2 diabetes mellitus (T2DM) is a “chronic, metabolic disorder that presents with hyperglycemia,” or a condition where sugar levels in the blood are elevated.

It added that patients with T2DM often only discover that they have the disease during a routine laboratory examination because of the lack of bothersome symptoms.

According to the International Diabetes Foundation (IDF), 589 million people globally had diabetes in 2024. Of which, 4,726,300 or 7.5% of Filipinos aged 20 to 79 years old are living with the disease, while 2.8 million remain undiagnosed.

“What makes this pandemic particularly alarming is that most of them do not know that they have diabetes,” Diabetes Philippines President Fatima I. Tiu said in a media event.

“Many individuals discover their condition only after a serious complication,” she added, underscoring other health issues like heart attack, stroke, and blurred vision.

The disease is caused by several factors, such as urbanization, sedentary lifestyle, unhealthy habits, limited access to preventive care, and widening health inequities, said Ms. Tiu.

As more Filipinos remain undiagnosed, she underscored that this is a “silent crisis” in the country.

“Early screening is one of our most powerful tools,” she said. “If we know the risk of the disease early, we will be able to intervene earlier, preventing complications, protecting quality of life, and reducing the burden on the families and our healthcare system.”

Apart from early screening, the group also encourages schools to push for a better learning environment through daily exercise and proper meals.

“Before when I was young, every morning we do exercise before we go to class, but it’s different now. There are so many classes,” Mr. Bautista said.

“What we do is we go to some schools to teach the students together with the teachers, and the canteen owners because we want to serve (the) right food to those kids,” he added.

Data from the IDF revealed that diabetes cases in the Western-Pacific region are estimated to reach 254 million by 2050. — Almira Louise S. Martinez

Japanese tourist village battles to keep bears at bay

MARIOMASSONE-EN.WIKIPEDIA.ORG

SHIRAKAWA, Japan — Shiroki Mitsunari does not remember seeing bears in the picturesque Japanese mountain village of Shirakawa when he was a child.

But since a cub attacked a Spanish visitor there last month, protecting residents and the throngs of tourists who flock to his home town to see its UNESCO-listed thatched-roof cottages has been his top priority.

“There are a lot more bears coming,” said Mr. Mitsunari, 40, a local official overseeing efforts to deter bears in the village, located in a remote valley in central Japan, roughly halfway between Tokyo and Osaka. He attributed the surge to a growing bear population and a shortage of their natural food sources.

While the tourist escaped with minor injuries, authorities have captured six bears near the historic Shirakawa-go site using honey-laced traps since then, he said. Bear sightings this year have topped 100, compared to around 35 last year, he added.

Across Japan, a record 220 people have been injured in bear attacks since April, according to public broadcaster NHK. Thirteen have died, including seven last month – a peak time when bears forage intensively before hibernating.

Many attacks were in far-flung towns rarely visited by overseas travelers. But the Shirakawa incident, and sightings near tourist hotspots like Kyoto’s Arashiyama bamboo grove, show it is not a risk visitors can ignore.

US, CHINA ISSUE TRAVEL ALERTS
The United States, China, and Britain last week issued travel advisories about the dangers of bear attacks in Japan.

The US alert warned about attacks near populated zones, noting that a park adjacent to its consulate in the city of Sapporo was closed for two weeks following a bear sighting.

In addition to honey-laced traps, authorities in Shirakawa have also chopped down fruit trees that might draw the hungry creatures, and issued warnings to visitors to walk in groups, wear bear bells and avoid certain areas.

“When we were preparing for this trip, we saw on social media that there were a lot of Japanese news reports of bear sightings,” said Cornelia Li, a 25-year-old e-commerce industry worker from Shanghai.

“We were a little (worried),” she said after affixing a bear bell to her 4-year-old daughter’s rucksack. Her family opted to book hotels in cities rather than rural areas due to the bear risk, she said.

BARKING DRONES TO REPEL BEARS
Asiatic black bears are listed as a vulnerable species globally, but their numbers are estimated to have tripled in Japan since 2012, helped by a decline in hunting.

Experts say climate change has reduced harvests of bears’ natural food like acorns and beechnuts, while the depopulation of rural areas and the proliferation of abandoned farmland have emboldened them to seek food near human settlements.

The situation has gotten so bad in the country’s rugged north that Japan this month dispatched the army to help authorities cull bears.

In Hida city, an hour’s drive from Shirakawa, authorities are testing drones to stop bears ransacking apple and peach orchards. The drones are equipped with loudspeakers emitting the sounds of barking hunting dogs and have firecrackers attached to them for an extra scare factor.

“We needed a rapid-response measure,” said Naofumi Yoshikawa, an official at Gifu prefecture’s environmental affairs department overseeing the trial.

There have been 78 sightings in Hida city this autumn, compared to 11 last year.

FEAR ALWAYS THERE
“Working out here, that fear of bears is always there,” said Masahiko Amaki, the head of the local orchard cooperative, as the sound of a dog-barking drone rang out across the valley.

“You don’t want to get hurt. And I’ve had a few close calls myself. They glare at you, and … yes, it’s really scary.”

A sign warning of bears at the head of a walking trail near the orchard urged hikers not to trek alone.

Back in Shirakawa, Mr. Mitsunari is also worried about the children at the local school he used to attend.

The students have all been given bear bells and told to walk home in groups to deter bears that tend to be most active in the early morning or around dusk.

Before the Spanish tourist, the village’s last bear attack had been 12 years ago, and Mr. Mitsunari says he’s determined to avoid any more incidents.

“That was pretty shameful for us. We are not going to let that happen again,” he said. — Reuters

China suspends Japanese film releases as diplomatic crisis deepens

A SOLDIER stands guard at the Great Hall of the People in Beijing, China, Oct. 18, 2023. — REUTERS

BEIJING — Film distributors have suspended the screening of at least two Japanese films in China amid a deepening dispute between Tokyo and Beijing, in what state broadcaster CCTV said was a “prudent decision” that took into account souring domestic audience sentiment.

The postponement comes barely two weeks after remarks about Taiwan by Japanese Prime Minister Sanae Takaichi sparked a heated response from China and kicked off the most serious diplomatic clash between the two East Asian powers in years.

Some Japanese films, including the animated “Crayon Shin-chan the Movie: Super Hot! Scorching Kasukabe Dancers” and manga-turned-movie “Cells at Work!”, originally slated for release in the coming weeks, will not begin screening in mainland China as scheduled, CCTV said, citing checks with film importers and distributors.

Animated film “Demon Slayer: Infinity Castle” was initially well received but has seen its box office performance decline after Ms. Takaichi’s remarks due to “strong dissatisfaction from Chinese audiences”, according to CCTV late Monday.

Film importers and distributors have chosen to heed the market’s response, respect audience sentiment, and postpone the releases of upcoming films, CCTV said.

Japan has sought to tamp down the escalating dispute with China that came after Ms. Takaichi told Japanese lawmakers this month that a Chinese attack on Taiwan threatening Japan’s survival could trigger a military response.

Beijing has since urged citizens to halt travel to Japan, and China’s Premier Li Qiang has no plans to meet Ms. Takaichi on the sidelines of this week’s G20 summit in South Africa.

The heads of Japan’s three business federations met with Ms. Takaichi late on Monday and urged dialogue to resolve the diplomatic tensions.

“Political stability is a prerequisite for economic exchange,” Yoshinobu Tsutsui, chairman of Japan’s biggest business lobby Keidanren, told reporters after the meeting, according to media reports. — Reuters

UN Security Council adopts US resolution on Trump’s Gaza plan

SANJITBAKSHI-FLICKR

WASHINGTON — The UN Security Council on Monday voted to adopt a US-drafted resolution endorsing President Donald Trump’s plan to end the war in Gaza and authorizing an international stabilization force for the Palestinian enclave.

Israel and the Palestinian militant group Hamas agreed last month to the first phase of Mr. Trump’s 20-point plan for Gaza – a ceasefire in their two-year war and a hostage-release deal – but the UN resolution is seen as vital to legitimizing a transitional governance body and reassuring countries that are considering sending troops to Gaza.

The text of the resolution says member states can take part in the Trump-chaired Board of Peace envisioned as a transitional authority that would oversee reconstruction and economic recovery of Gaza. It also authorizes the international stabilization force, which would ensure a process of demilitarizing Gaza, including by decommissioning weapons and destroying military infrastructure.

Hamas, in a statement, reiterated that it will not disarm and argued that its fight against Israel is legitimate resistance, potentially pitting the militant group against the international force authorized by the resolution.

“The resolution imposes an international guardianship mechanism on the Gaza Strip, which our people and their factions reject,” Hamas said in its statement, issued after the adoption of the resolution.

Mike Waltz, the US ambassador to the UN, said the resolution, which includes Mr. Trump’s 20-point plan as an annex, “charts a possible pathway for Palestinian self-determination … where rockets will give way to olive branches and there is a chance to agree on a political horizon.”

“It dismantles Hamas’ grip, it ensures Gaza rises free from terror’s shadow, prosperous and secure,” Mr. Waltz told the council ahead of the vote.

Russia, which holds a veto on the Security Council, earlier signaled potential opposition to the resolution but abstained from the vote, allowing the resolution to pass.

The UN ambassadors of Russia and China, which also abstained, complained that the resolution does not give the UN a clear role in the future of Gaza.

“In essence, the council is giving its blessing to a US initiative on the basis of Washington’s promises, giving complete control over the Gaza Strip to the Board of Peace and the ISF (international stabilization force), the modalities of which we know nothing about so far,” Russian ambassador Vasily Nebenzya told the council following the vote.

The Palestinian Authority issued a statement welcoming the resolution, and said it is ready to take part in its implementation. Diplomats said the authority’s endorsement of the resolution last week was key to preventing a Russian veto.

Mr. Trump celebrated the vote as “a moment of true Historic proportion” in a social media post. “The members of the Board, and many more exciting announcements, will be made in the coming weeks,” Mr. Trump wrote.

‘PATHWAY’ TO STATEHOOD
The resolution has proven controversial in Israel because it references a future possibility of statehood for the Palestinians.

The resolution’s text says that “conditions may finally be in place for a credible pathway to Palestinian self-determination and statehood” once the Palestinian Authority has carried out a reform program and Gaza’s redevelopment has advanced.

“The United States will establish a dialogue between Israel and the Palestinians to agree on a political horizon for peaceful and prosperous coexistence,” it says.

Prime Minister Benjamin Netanyahu, under pressure from right-wing members of his government, said on Sunday that Israel remained opposed to a Palestinian state and pledged to demilitarize Gaza “the easy way or the hard way.”— Reuters

Filipino wellness brand Luxe Slim brings a healthy lifestyle to Dubai

Wellness meets innovation as Luxe Slim, the proudly Filipino wellness brand, makes its Dubai debut — bringing its line of health-conscious beverages to a diverse and cosmopolitan community in the United Arab Emirates.

The launch event, held at Luxent Hotel in Quezon City, gathered wellness advocates, lifestyle influencers, and media representatives. It marks an important milestone for a brand widely recognized for making healthy living both enjoyable and accessible.

“Dubai has a large Filipino community — around 450,000 based on recent records. Many of them feel the burden of high costs because Dubai is far from the Philippines. Through our partnership with ZK Summit Holdings, Inc. and KPC Importation Services, our products will become more affordable, easier to ship, and more sustainable to access. Since there are many Filipinos in Dubai, we will also be able to help more of them,” said Anna Magkawas, president, Luxe Beauty and Wellness Corp.

“From Dec. 4 to 7, we will be in Dubai. On Dec. 5, 2025, we will meet interested distributors and those who want to market Luxe Slim in Dubai. We will discuss the business side, the potential income, and our available promos. With as low as 1,000 dirhams, they can already start a business with Luxe Slim, along with other affordable business packages.”

“For sure, our kababayans will be happy — we have business opportunity meetings, and we will post the registration link on our social media pages so they can secure their slots. The next day, we will hold a yacht party and contract signing with our distributors. We want to welcome them grandly and make our Dubai launch truly memorable,” Ms. Magkawas added.

A Partnership That Champions Filipino Excellence

The Dubai expansion is made possible through KPC Importation Services-Dubai under ZK Summit Holdings, Inc., founded by Dr. Mary Cruz, PhD, DBA, MAEd, LPT, and co-founded by Khelvin P. Cruz, CPA, MBA. Their leadership and international expertise ensure that Luxe Slim can reach global markets while maintaining the innovation, quality, and credibility that made the brand a household name in the Philippines.

Luxe Slim offers premium wellness drinks including healthy slimming coffee, nutrient-rich juices, and beauty smoothies — all designed to blend wellness with great taste while perfectly fitting the lifestyle of modern, on-the-go consumers.

Sharing a Global Wellness Philosophy

With its Dubai launch, Luxe Slim is not simply expanding geographically — it is bringing a philosophy of wellness, confidence, and balanced living to Filipinos and international consumers alike. The brand continues to prove that Filipino innovation can deliver products that inspire healthier lifestyles around the world.

“We have upcoming products under LuxeSlim and LuxeSkin, and we are planning to release an exclusive product especially for Dubai — LuxeSlim Pistachio. Since pistachio is strongly associated with Dubai, we are already undergoing research and development, and we will reveal the final product soon. We have also prepared a surprise ambassador who will be joining us at our grand launch in Dubai,” Ms. Magkawas said.

 


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Cash remittances up 3.7% in Sept.

US dollar banknotes are seen in this illustration photo. — JAKUB PORZYCKI/NURPHOTO VIA REUTERS CONNECT

By Aaron Michael C. Sy, Reporter

MONEY SENT HOME by overseas Filipino workers (OFWs) jumped by an annual 3.7% in September, the fastest pace in five months, the Bangko Sentral ng Pilipinas (BSP) said on Monday.

Data from the central bank showed cash remittances rose to $3.12 billion in September from $3.01 billion in the same month in 2024.

This was the fastest growth since the 4% logged in April.

Cash remittances hit $3.12 billion in September

Month on month, cash remittances increased by 4.84% from $2.977 billion in August.

For the first nine months of the year, cash remittances sent through banks increased by 3.2% to $26.03 billion from $25.23 billion a year ago.

“The United States remained the top source of remittances to the Philippines during January-September 2025, followed by Singapore, and Saudi Arabia,” the BSP said in a statement.

Cash remittances from the US accounted for 40.4% of the total in the nine-month period.

This was followed by Singapore (7.1%), Saudi Arabia (6.4%), Japan (4.9%) the United Kingdom (4.8%), the United Arab Emirates (4.5%), Canada (3.5%), Qatar (2.9%), Taiwan (2.8%) and South Korea (2.5%).

Meanwhile, personal remittances went up by 3.8% to $3.46 billion in September from $3.34 billion a year earlier.

In the January-to-September period, personal remittances rose by 3.2% to $28.97 billion from $28.07 billion a year ago.

Personal remittances include both cash coursed through banks and informal channels as well as in-kind remittances.

Analysts said OFWs sent home more money starting September, as the holiday season approaches.

“The ‘ber’ months effect kicked in early, with OFWs sending more ahead of the long holiday season,” Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas said in a Viber message.

He added that the strong labor market and a competitive peso also supported remittance growth in September.

The peso closed at P58.196 per dollar on Sept. 30, weakening by P1.066 or 1.87% from P57.13 on Aug. 29.

In September, the country’s unemployment rate improved to 3.8% from 3.9% in August. For the first nine months, the jobless rate stood at 4.1%, a tad higher than 4% in the same period last year.

“The onset of ‘ber’ months marks the start of the holiday season for Filipinos. Thus, we may expect OFWs to send their earnings to their families here for the celebrations and gatherings,” Oikonomia Advisory and Research, Inc. economist Reinielle Matt M. Erece said in a Viber message.

Mr. Erece said remittance growth could be faster from October to December, before stabilizing in January 2026.

“For the fourth quarter, expect remittances to stay resilient and peak in December. BSP’s 3% full-year growth target looks well within reach,” Mr. Ravelas likewise said.

The BSP expects cash remittances to grow by 3% to $35.5 billion this year.

Go named as Finance chief, Recto as executive secretary

Frederick D. Go (left) and Ralph G. Recto — PHILSTAR FILE PHOTO/PCO PHOTO

By Chloe Mari A. Hufana and Aubrey Rose A. Inosante, Reporters

PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Monday appointed Finance Secretary Ralph G. Recto as the new executive secretary and economic czar Frederick D. Go to take over the Finance department, marking the biggest Cabinet shake-up since the eruption of the multibillion-peso flood control scandal.

“These leadership changes reinforce the President’s commitment to strengthening institutions, improving coordination across government, and keeping the administration focused on delivering stability, opportunity, and security to Filipino families,” Palace Press Officer Clarissa A. Castro told a news briefing.

The appointments were announced after Mr. Marcos accepted the resignation of Executive Secretary Lucas P. Bersamin and Budget Secretary Amenah F. Pangandaman.

“Both officials respectfully offered and tendered their resignations out of delicadeza, after their departments were mentioned in allegations related to the flood control anomaly currently under investigation and in recognition of the responsibility to allow the administration to address the matter appropriately,” Ms. Castro said.

She said Mr. Recto’s extensive background in economic legislation and national planning “positions him well” to oversee day-to-day government operations and coordinate high-impact programs as executive secretary.

Sought for comment at the Senate, Mr. Recto told reporters he had not talked to the President.

“I’m surprised but work has to continue. Essentially, I think the role of the [executive secretary] is governance… You cannot do miracles. Our job is to improve governance,” Mr. Recto said.

Concerning Mr. Go’s appointment as Finance chief, Ms. Castro cited his role in “advancing investments, strengthening investor confidence, and aligning economic initiatives across agencies.”

In a statement, Mr. Go thanked the President for his “continuing trust and confidence.”
“Recognizing the challenges and opportunities ahead, I am fully committed to promoting fiscal strength and sustainable economic growth for the country,” Mr. Go said.

There is no replacement yet for Mr. Go, who held the title of special assistant to the President for investment and economic affairs.

Budget Undersecretary Rolando U. Toledo will be the officer in charge at the Department of Budget and Management (DBM).

“(Mr. Toledo’s) designation ensures uninterrupted operations as the government prepares for the rollout of next year’s budget, ongoing recovery efforts in disaster-affected regions, and the continued funding of social and economic programs,” Ms. Castro said.

The Philippine government is investigating a multibillion-peso public works scandal that Mr. Marcos exposed during his State of the Nation Address in July. Government officials and lawmakers have allegedly colluded with private contractors to receive billions of kickbacks from public works projects.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said Mr. Recto is signaling a focus on governance reforms.

“Drawing on his 20 years of experience in fiscal and policy measures, Mr. Recto’s serious pursuit of anti-corruption initiatives and higher governance standards — similar to efforts 10-15 years ago — could have positive effects on the local economy and financial markets,” he said.

GROWTH AT 4.7%
Prior to the announcement of his appointment as executive secretary, Mr. Recto said the Philippine economy is likely to expand by at least 4.7% this year.

In a statement sent Monday morning, he said the economy remains “fundamentally strong,” backed by stable foundations, investment opportunities, and growth faster than the “true cost” of debt.

“By the end of 2025, the real interest rate we pay is estimated at only 3.3%, while our economy is expected to grow by 4.7% to 4.8%,” Mr. Recto said.

Philippine gross domestic product (GDP) growth averaged 5% in the first nine months, falling short of the government’s 5.5-6.5% target for 2025.

The government’s sweeping corruption crackdown since August has hurt economic growth as well as consumer and investor confidence.

“We are not blind to the challenges, nor are we shaken by them. What you see today is not a leadership crisis, but a government reforming itself from within, led by a President who chose to be the whistleblower, not the apologist, of corruption,” Mr. Recto said.

He stressed that trust is the lifeblood of any economy.

“It keeps investments flowing, businesses expanding, and jobs growing. That trust is being protected, strengthened, and rebuilt every single day under the Marcos administration,” he said.

Mr. Recto, who is part of the Monetary Board, said weak inflation gives the Bangko Sentral ng Pilipinas (BSP) more room to cut interest rates, supporting household spending and economic growth.

“Above all, we assure the Filipino people that our fiscal consolidation path is on track, and everything moving forward is on the upside,” he said, noting that the government will bring down the deficit and debt gradually.

The Marcos administration is targeting to reduce the fiscal deficit to 5.5% of GDP in 2025, with the gap projected to ease further to 3.1% by 2030.

The country’s outstanding debt stood at P17.46 trillion at end-September but still remained above the P17.36-trillion full-year program.

Vehicle sales flat in October despite rising EV demand

Vehicles are stuck in traffic during rush hour in Pasay City. — PHILIPPINE STAR/ RYAN BALDEMOR

By Justine Irish D. Tabile, Reporter

VEHICLE SALES hit just over 40,000 in October, as rising demand for electric vehicles (EVs) failed to offset the decline in passenger car sales, an industry report showed.

A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed new vehicle sales inched up by 0.03% or 11 units to 40,014 in October from 40,003 units in the same month a year ago.

Month on month, vehicle sales went up by 5.2% from 38,029 units sold in September.

Auto sales hit 40,014 units in October

Passenger car sales declined by 18.8% to 8,155 units in October from 10,044 units sold in the same month in 2024. Month on month, passenger car sales edged up by 2.6%.

Meanwhile, sales of commercial vehicles, which accounted for 79.62% of October sales, rose by 6.3% to 31,859 units from 29,959 units a year ago.

Month on month, commercial vehicle sales increased by 5.9%.

Under the commercial vehicle segment, light commercial vehicle sales grew by 3% to 22,471 units, while Asian utility vehicles (AUV) rose by 17.2% to 8,309. On a monthly basis, sales of light commercial vehicles and AUVs climbed by 6.5% and 4.6%, respectively.

Sales of medium-duty trucks and buses declined by an annual 6.4% to 352 in October, while light- and heavy-duty vehicles grew by 6.4% and 10%, respectively, to 661 and 66 units.

Compared with September, light-duty truck sales increased by 12.2%, while medium- and heavy-duty truck sales fell by 5.1% and 4.3%, respectively.

Toby Allan C. Arce, head of sales trading at Globalinks Securities and Stocks, Inc., said that auto industry sales are being impacted by elevated interest rates and shifting consumer preferences.

“This stagnation is largely attributable to the continued slump in passenger car sales — a sharp contraction that reflects weakening demand for sedans and hatchbacks amid high interest rates earlier in the year and a clear consumer preference shift toward crossovers, sport utility vehicles, and commercial vehicles,” he said in a Viber message.

For the January-to-October period, new vehicle sales slipped by 0.2% to 383,424 from 384,310 units a year ago.

Passenger car sales fell by 23.2% to 77,461 in the first 10 months from 100,809 in the same period last year.

On the other hand, sales of commercial vehicles went up by 7.9% to 305,963 units from 283,501 a year ago.

In the first 10 months, the industry has already achieved 76.68% of its 500,000 sales target for the year.

BRIGHT SPOT
Meanwhile, electric vehicles remained a bright spot for the industry.

In October, EV sales jumped by 62% to 3,603 units from 2,223 units in September. This accounted for 9% of the total market.

Sales of hybrid EVs (HEV) surged by 73.9% to 3,044 units in October from 1,750 HEVs sold in September.

Sales of plug-in hybrid electric vehicles (PHEV) soared by 192.6% to 275 units in October from 94 in September, while sales of battery electric vehicles (BEV) declined by 25% to 284 units from 379 units in September.

For the first 10 months, EV sales stood at 24,265 units, accounting for 6.33% of the industry’s sales.

Broken down, 19,379 units of hybrid electric vehicles had been sold as of end-October, followed by 3,941 BEVs and 945 PHEVs.

“Aggressive discounting from Japanese and Chinese brands, expanding inventories of hybrid and fuel-efficient models, and strong fleet demand from ride-hailing, delivery, and provincial transport cooperatives are poised to lift overall sales,” said Mr. Arce.

He said new model launches are expected to further stimulate showroom activity.

For this year, CAMPI expects EVs to account for 4% of the total industry sales.

TOYOTA IN THE LEAD
Meanwhile, Toyota Motor Philippines Corp. remained the market leader, with sales of 185,201 units in the January-to-October period, up 3.8% from 178,421 units a year ago. It accounted for 48.3% of the market.

Mitsubishi Motors Philippines Corp. ranked second with a market share of 18.97% after sales dipped by 0.9% to 72,734 units in the first 10 months.

In third spot was Ford Motor Co. Phils., Inc., whose sales dropped by 20.7% to 18,631 for a market share of 4.86%.

Rounding out the top five were Suzuki Phils., Inc., which saw a 9.1% increase in sales to 18,295, and Nissan Philippines, Inc., which saw a 18.7% decrease in sales to 18,125 units.

Mr. Arce said that he expects car sales to recover in November and December.

“The final two months of the year historically deliver some of the strongest sales as brands push year-end promotions, banks ease auto loan requirements, and consumers take advantage of holiday bonuses,” he said.

Mr. Arce said recent rate cuts by the central bank will help lower financing costs, which should help revive big-ticket spending, particularly for passenger cars.

“While passenger car sales may not fully rebound before year-end, the broader industry appears well-positioned for a stronger close to 2025 as consumer confidence firms and financing conditions ease,” he added.

Philippines is one of the most hybrid-work friendly markets in Asia-Pacific

A view of the central business district of Makati City on Thursday, July 10. — PHILIPPINE STAR/ RYAN BALDEMOR

THE PHILIPPINE office sector is one of most hybrid work-friendly markets in the Asia-Pacific region, but some firms still face sustainability challenges, according to property consultancy firm Colliers Philippines.

In a survey conducted under its 2026 Asia Pacific Workplace Insights Report, Colliers said that 82% of Philippine organizations are adopting hybrid work models, with 32% looking to invest in workplace upgrades next year.

“Occupiers in the Philippines are moving beyond cost-efficiency to create workplaces that inspire, connect, and deliver lasting value,” Kevin Jara, head and director of office services — tenant representation at Colliers Philippines, said in a statement.

However, 26% of respondents from the Philippines said they are unsure about their sustainability approach, Colliers noted, citing the need for clearer strategies and landlord collaboration.

“While ESG (environmental, social, and governance) priorities remain a work in progress, today’s momentum signals meaningful progress. Indeed, the role of the workplace has evolved from a functional necessity to a strategic driver of culture, collaboration, and productivity,” Mr. Jara said.

Firms that align ESG principles with their workplace strategy could help boost company branding, Colliers said.

Key sustainability practices that offices should adopt include green building design, inclusive layouts, and transparency, it added.

Despite the growing shift to hybrid work, many organizations in the Philippines, Australia, Japan, Singapore, and New Zealand are still enforcing attendance mandates, Colliers noted.

“Attendance mandates remain common, highlighting the region’s ‘hybrid paradox,’ where flexibility exists on paper but traditional structures persist,” Colliers said.

It also noted that assigned seating is still prevalent in many Philippine workplaces, signaling limited agility in office setups.

“Even in flexible offices, early arrivals often claim the same seat. At the same time, some senior leaders are growing quite resistant to hybrid, implying concerns about productivity, collaboration, and culture,” Chris Archibold, Colliers managing director for Offices in Southeast Asia, said in the report.

“Hybrid isn’t a quick fix, it requires clarity, honesty and a deep understanding, of what works for your people, your business, and your market,” he added.

The report also noted that 43% Philippine organizations have already integrated multi-generational needs into their workplace strategies.

“Overall, the Philippines shows strong progress in hybrid adoption and inclusivity, coupled with planned investments. Closing gaps in sustainability and aligning flexibility with culture will be critical for Philippine-based organizations who seek to attract talent and drive long-term performance,” Colliers said.

Across the Asia-Pacific, companies’ work strategies focus on improving productivity (9.43%), talent attraction/retention (8.85%), improving employee experience or well-being (8.48%), and better location (8.11%).

About 74% of firms in the region said that their offices are at least half full on a typical work day, while 45% said their midweek occupancy exceeds 75%, Colliers said. 

For design preferences, Asia-Pacific respondents also noted that they prefer workplaces with natural lighting (17%), biophilic features and green walls (15%), ambient temperature (14%), and more collaboration spaces (13%).

About 20% of the region’s firms use artificial intelligence (AI)-driven tools to enhance employee experience, while 20% have no AI integration plans, Colliers said.

“AI has the potential to make workplaces more responsive, adjusting layouts in real-time, tailoring sensory inputs and tracking usage to better align with how people work,” it said in the report.

Colliers surveyed more than 800 corporate occupiers across 11 Asia-Pacific markets, including the Philippines, China, Australia, India, Indonesia, Japan, New Zealand, Singapore, Taiwan, Hong Kong, and South Korea. — Beatriz Marie D. Cruz

Prime Infra completes P50-B gas asset acquisition from First Gen

FIRST GEN CORP.

RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) has completed its acquisition of First Gen Corp.’s gas assets in Batangas City for P50 billion.

Prime Infra has completed the financial close for its acquisition of a 60% stake in the 1,000-megawatt (MW) Santa Rita Power Plant, the 500-MW San Lorenzo Power Plant, the 450-MW San Gabriel Power Plant, the 97-MW Avion Plant, and the proposed 1,200-MW Santa Maria Power Plant, the company said in a statement on Monday.

The Lopez-led energy company will retain 40% ownership of these gas assets, it said.

With this development, Prime Infra now holds a 60% stake in the offshore liquefied natural gas (LNG) terminals, while First Gen and Japan’s Tokyo Gas each retain a 20% share.

“These gas-fired power plants have played a critical role in supporting the Philippine economy and advancing the decarbonization of our energy mix. Our goal is to continue growing this platform together with First Gen to accelerate the country’s transition away from a power system that is still coal-dependent,” Prime Infra President and Chief Executive Officer Guillaume Lucci said.

Prime Infra described the transaction as a strategic partnership that will help support the country’s energy security and sustainable energy growth.

“With this transaction, our Prime Infra assets are now fully connected across the energy value chain, from upstream to midstream to downstream,” Mr. Lucci added.

For First Gen, its partnership with Prime Infra will bolster its strategy to introduce more renewable energy capacity into the country’s power supply.

“First Gen’s partnership with Prime Infra will strengthen the country’s energy security and enable us to introduce more renewable energy into our country’s power supply. The synergies created by this partnership will improve shareholder value over the long term and decisively address the country’s growing demand for clean, reliable, and affordable energy,” First Gen Chairman and Chief Executive Officer Federico R. Lopez said in a statement.

At the local bourse on Monday, shares in First Gen closed four centavos, or 0.26%, higher at P15.16 apiece. — Ashley Erika O. Jose

Villar Land appraiser loses SEC accreditation over P1.33-T valuation

SEC.GOV.PH

THE Securities and Exchange Commission (SEC) has revoked the accreditation of Villar Land Holdings Corp.’s appraiser, E-Value Phils, Inc., for failing to justify its P1.33-trillion valuation of the listed company’s properties.

The SEC Office of the General Accountant (OGA) also imposed a maximum penalty of P1 million for violating Republic Act No. 8799, or the Securities Regulation Code (SRC), and SEC Memorandum Circular No. 2, Series of 2014 (MC 2), or the Guidelines on Asset Valuations, the regulator said in a statement on Monday.

In a separate letter, the OGA directed Villar Land subsidiaries Althorp Land Holdings, Inc., Chalgrove Properties, Inc., and Los Valores Corp. to submit new appraisal reports after finding that the reports submitted by E-Value were unreliable and noncompliant with the International Valuation Standards (IVS).

The OGA also conducted an onsite inspection following the valuation of properties of three companies under the Villar Land group.

“Findings during the inspection revealed that the appraisal reports by E-Value were non-compliant with the globally recognized IVS. This constitutes misrepresentation under MC 2, which is in turn a violation of the SRC,” the SEC said.

According to MC 2, misrepresentation arises “when the report indicates compliance with the standards but is not supported by adequate documents or the supporting documents reflect otherwise.”

The SEC also noted that E-Value violated Section 54 of the SRC, “which provides for the administrative sanctions that may be imposed on companies for violation of the law and its rules or orders.”

“It is evident that [E-Value] failed to uphold the fundamental principles of independence, professional competence, and objectivity required under the [IVS] and the Code of Ethics and Responsibilities for Real Estate Practitioners,” the OGA’s letter said.

The OGA further noted that E-Value was unable to provide documents that served as the basis for its assumptions and valuation methodologies that led to the P1.33-trillion increase in Villar Land’s property valuations.

“The gravity of the misrepresentation was further underscored by the fact that Villar Land is a publicly listed company and such information was used by investors to guide their investment decisions,” it added.

“[T]he subject appraisal values were likewise adopted in the preparation and submission of the audited financial statements of VLHC’s subsidiaries, thereby extending the potential effect of the misstated valuations across the corporate group and compounding the risk of misleading the investing public,” the letter said.

In its 2024 annual report posted on the Philippine Stock Exchange website last week, Villar Land set the final audited fair value of its newly acquired properties at P52.74 billion, sharply lower than the earlier estimate of P1.33 trillion.

Villar Land shares on Monday were down 29.93% or P337 to close at P789 apiece. — Beatriz Marie D. Cruz