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Medical technology firm BD looks to bring products to more PHL hospitals

By Beatriz Marie D. Cruz, Reporter

BECTON, Dickinson and Co. (BD), a multinational medical technology company, is looking to bring its testing and treatment products to more Philippine hospitals and provide training to local healthcare workers.

“One of the things that we’re definitely going to invest in is improving our coverage,” Liang Lu, country general manager and managing director for BD Southeast Asia and Pakistan, told BusinessWorld on the sidelines of a briefing last month.

“I think in NCR (National Capital Region) and even outside of the capital region, we should have more coverage, either through our own team or through a distributor partner.”

BD produces over 34 billion medical devices annually, with a focus on developing technology, services and solutions that can help both patients and healthcare providers.

The company has been distributing medical care products in the Philippine market for 43 years. It has one office in Bonifacio Global City in Taguig and has over 50 associates nationwide.

“Breast and cervical cancer screening, as well as peripheral venous and artery disease — these are the areas where we feel that we have a lot of value to create,” Mr. Liang said.

For breast cancer diagnostics, the company specializes in biopsy needles, while for chemotherapy, BD provides vascular access devices, markers, and guide wires. It also offers screening products and services for cervical cancer and devices for peripheral arterial and venous disease treatment.

Mr. Liang said the Philippines has a “good” healthcare system, citing the Universal Healthcare Act, which seeks to provide all Filipinos access to affordable and quality healthcare.

He also noted that the country’s healthcare spending accounted for 5.9% of its gross domestic product in 2023.

Despite these, the Philippines still has a relatively low life expectancy of 70 years, compared to Indonesia (71.3), Vietnam (74.7), and Singapore (83.9), according to data from the 2024 World Population Review.

“I’m also quite surprised to see how severe the doctor shortage is here… For every population of 1,000, there are only 0.04 doctors,” Mr. Liang said.

Healthcare workers leaving the country to work overseas also remains a key issue in the Philippines, he added. Common reasons for migrating include precarious work, low pay, and burnout.

The Philippines has a shortage of 190,000 healthcare workers, Health Secretary Teodoro J. Herbosa said last year.

“It’s actually a systematic issue to attend to, and one of the solutions is to not only train them but also adopt better practices, tools, and solutions that ease their pain and improve efficiency,” Mr. Liang said, adding that there is a need to improve healthcare workers’ incomes.

To help address these gaps, BD is looking to invest in clinical education and partner with relevant stakeholders to help medical professionals in the Philippines, he said.

“We aim to not only leverage our own specialists to provide the training — we also want to work with the leading hospitals and doctors to provide the training as well.”

MUFG N0W re-imagines PHL’s energy landscape, sustainable supply chains

MUFG Bank executives: (from left) Head of Sustainable Finance for APAC Colin Chen, Manila Deputy Country Head Diane Singson, Chief Executive for APAC Nobuya Kawasaki, Manila Country Head Masami Yoshitake, and Head of Global Corporate Banking for Malaysia, Vietnam and Philippines Goh Kiat Seng Goh, with Undersecretary Ma. Angela Ignacio, Office of the Special Assistant to the President for Investment and Economic Affairs (third from left)

MUFG Bank, Ltd. (MUFG), Japan’s largest bank and one of the world’s largest, recently hosted over 160 business leaders, policymakers, and industry experts at its MUFG N0W conference in Manila.

MUFG N0W is the bank’s flagship regional networking and thought leadership platform launched in September 2023 to support the bank’s sustainability engagements across the Asia-Pacific. This year’s event in the Philippines follows the success of the inaugural MUFG N0W in Manila last June.

Hosted by the bank’s sustainable finance team for Asia-Pacific and its Manila branch, the event was attended by distinguished guests, including Undersecretary Ma. Angela Ignacio, Office of the Special Assistant to the President for Investment and Economic Affairs; and Pia Roman Tayag, Assistant Governor for Strategy Innovation and Sustainability, Bangko Sentral ng Pilipinas (BSP).

Senior executives from the Philippines’ leading conglomerates and industry leaders in green energy, finance and manufacturing also participated in lively discussions on advancing renewable energy and sustainable supply chain management strategies.

In her keynote address, Ms. Ignacio said that the government is committed to achieving energy security by 2028 in support of a vision of a country powered by clean energy, where communities thrive and benefit from systems that are reliable, accessible and affordable for all.

“For the Philippines, opportunities lie in our growing economy game-changing reforms, liberalizing policies and rich green energy sources but above all, it is in the partnerships with organizations and business leaders, who share and invest in the mission of a better and more sustainable future. The rise in renewable energy investments and projects backed by defined policy targets and key initiatives shows that we are not merely waiting for the world to change. MUFG N0W serves as a reminder that the road to net zero is not one that we take alone, it is a shared journey,” she added.

During the leadership dialogue, BSP Assistant Governor Tayag affirmed the BSP’s commitment to advancing its green agenda, which is anchored in supporting adaptation and resilience. “The country is extremely vulnerable to the impacts of climate change, regardless of geopolitical shifts. As (BSP) Governor Remolona has pointed out, a climate-resilient economy and financial stability are mutually reinforcing goals. Our green agenda, therefore, is mandate-driven,” she emphasized.

BSP Assistant Governor Pia Roman Tayag at the MUFG N0W leadership dialogue alongside Colin Chen, Head of Sustainable Finance for MUFG, APAC

Ms. Tayag also highlighted the significance of the Philippine Sustainable Finance Taxonomy Guidelines (SFTG), launched in February by the country’s financial sector regulators, as a key enabler in mobilizing capital toward the country’s climate mitigation and adaptation priorities. She noted that the SFTG is a living document that will be progressively enhanced to include other environmental objectives relevant to the Philippine context, such as circular economy and biodiversity. She also shared the plans to develop a taxonomy supplement that will offer more granular guidance on adaptation and resilience financing.

MUFG has played significant roles in landmark transactions, including Ayala Corp.’s first sustainability-linked loan signed in November 2023. With the support of its strategic partner Security Bank Corp. (SBC), one of the lead arrangers for Ayala Land’s inaugural sustainability-linked bond (SLB) in July 2024, MUFG was able to support the launch of the Philippines’ first SLB as well.

MUFG’s Head of Sustainable Finance for Asia Pacific Colin Chen reiterated the importance of engagement in raising awareness of the opportunities inherent in the Philippines’ pivot towards sustainable energy sources and business practices.

“As a net energy importer, the Philippines is all too familiar with the need to accelerate energy transition while meeting its growing energy requirements as a fast-developing nation,” Mr. Chen said.

“While MUFG continues to innovate and pioneer tailored solutions for our clients, our true strength lies in our ability to leverage our global and regional franchises to connect the public and private sectors, which we continue to do with the MUFG N0W series,” he added.

Nobuya Kawasaki, MUFG’s Chief Executive for Asia Pacific said: “As a bank with a longstanding history in the Philippines, MUFG is proud and honored to be a trusted financial partner in the country’s long-term development. Beyond corporate and infrastructure financing, we are extending our sustainability financing capability and expertise to help corporations catalyze and sustain decarbonization initiatives in the Philippines.

“It is my sincere hope that MUFG’s contributions will continue to be a win-win-win proposition for this wonderful country, its people and the precious environment,” he added.

MUFG’s 72-year presence in the Philippines has been bolstered by strategic investments in SBC, consumer finance company Home Credit Philippines and digital finance firm, Mynt (parent of GCash). Beyond supporting the broader economic development of the country through its relationships with the Philippines’ leading companies, MUFG has in recent years also actively engaged with corporate clients in support of their sustainability aspirations.

 


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Jetstar Asia to cease operations by July due to high operating costs

JETSTAR.COM

SINGAPORE-BASED budget airline Jetstar Asia will permanently stop operations by July 31, citing rising airport fees and other aviation charges that have made it too costly to continue flying.

Jetstar Asia, a subsidiary of the Qantas Group, made the announcement on Wednesday.

The carrier currently operates 18 weekly flights between Singapore and Manila, and about four weekly roundtrip services to Clark.

“Despite our best efforts to offset these rising costs, they are expected to continue into the foreseeable future, putting unsustainable pressure on Jetstar Asia’s ability to offer low fares,” it said in a statement.

The airline currently serves 16 intra-Asia routes and will continue operations through the end of July, albeit with reduced frequency.

According to its website, the decision to wind down operations does not affect Jetstar Airways services between Australia and Southeast Asia, or Jetstar Japan flights.

“For customers with bookings prior to 31 July 2025, there will be some changes to Jetstar Asia’s usual schedule, and we will reach out directly if there are any changes to your upcoming flight,” it said.

Passengers with bookings from July 31 onwards will be entitled to a full refund to their original form of payment.

“Unfortunately, this goes beyond us, as Qantas, its owner, has decided to close its entire Jetstar Asia flying out of Australia to Singapore and our region, and identified skyrocketing supplier costs and higher airport fees in the region,” Mr. Nigel Paul C. Villarete, senior adviser on public-private partnerships (PPP) at technical advisory group Libra Konsult, Inc., said via Viber.

This development will affect the Philippines’ tourism sector as well as connectivity across Southeast Asia, Mr. Villarete also said, adding that services should be replaced by flights operated by other budget carriers. — Ashley Erika O. Jose

Does a michelada without beer still taste as sweet?

GUINNESS.COM

Alcohol-free beverages are getting better. Except maybe for wine

By Howard Chua-Eoan

I FIND MYSELF unhappily on trend. Young people everywhere are increasingly “on the wagon” — to use the American idiom for sobriety from the 1920s, when the 18th Amendment to the US Constitution banned the production and sale of alcohol. The wagon in the expression was a public-service vehicle loaded with water to tamp down dust and grime on city streets; by extension, it described the clean and sober law-abiding citizens of America. According to some estimates, 39% of Gen Z say they have foresworn alcoholic drinks; about half of them imbibe such beverages only occasionally. Many have taken to non-alcoholic alternatives.

I didn’t set out to join that youthful bandwagon. Nevertheless, I have been alcohol-free since Jan. 20, 2025. Those of you who recognize that date as US Inauguration Day must get the coincidence out of your head. It just happened to be when I felt I’d had too much wine over the previous three months. Alas, my doctors agreed with me — because of decades of loving wine and champagne, not just those recent three months. And so, I’ve spent nearly 140 days looking at how to enjoy the brave new world of NA (non-alcoholic) — a market that’s gotten a huge boost in sales and creativity precisely because of health-focused Gen Z, a cohort that probably makes up 25% of the world’s population. I am a late Boomer, but now I’m medically required to be young at heart.

The NA market can be too sprawlingly defined, including everything from bottled water and high-fructose sodas to electrolyte-infused liquids to NA wines and beer. I’m going to look at beverages that someone who likes to sip good vintages would gravitate to, intriguing in their own right or complementary, even transformative, with food. I was in Copenhagen recently where I attended Noma Chef René Redzepi’s revived MAD symposium on the future of restaurants1. These kinds of events are usually chock-full of discriminating chefs and sommeliers intent on sampling novel or rare wines and spirits. Would I find alcohol-free stuff to quaff to help me avoid all those temptations?

I will admit to staring longingly at the wonderful vintages poured out in Copenhagen. I love wine, perhaps even more so now that I can’t have it. But there was no shortage of NA wine. Indeed, Denmark is home to Muri, a pioneer in the blending of different fermented juices to create an alternative to wine. Other NA wine purveyors use physical means (often with low heat) to remove alcohol. That usually results in a thin impersonation of wine, with much of the mouthfeel and vibrancy extracted along with the ethanol (which is the predominant form of alcohol produced by the yeast in winemaking). Muri’s process stops short of producing alcohol and utilizes several fruits fermented separately and then blended to create distinct potables.

But as tasty as Muri can be (and its beverages are delicious), let me declare now that all the non-alcoholic wines I have sampled don’t come close to the vivacity of even middling good wine. There are excellent NA sparklings — L’Antidote and L’Antilope by Domaine de Grottes in France’s Beaujolais region — but even these are soda pop compared to champagne or even the new generation of English bubblies. Good wine is a liquid time capsule — a memento of earth, grape, water, the seasons and human touch. It moves beyond taste. I may no longer drink a good Savagnin from the Jura, but I can still appreciate its aroma.

Nevertheless, the thrill of having something that looks and — at first blush — feels like wine is enough to fool the brain into producing dopamine. A guilty elation takes over, and you think, “They’ve made a mistake. They’ve poured me real wine.” Soon enough, you realize it’s an impostor in your glass. You aren’t going to be fooled by the second — if you decide to have it.

The NA beers I tasted in Copenhagen were more “hoppy” or overly flavored with things like elderflower to disguise the absence of malted barley. That said, many non-alcoholic brews I’ve tried here in London are more successful in impersonating their originals. Guinness 0.0% is 99.9% identical in taste to its model (it has a flatter effect as it approaches room temperature). And Estrella Damm has tweaked the vacuum distillation method — the same one many NA winemakers use to remove alcohol — to reintroduce lost flavors. Its FreeDamm is remarkably good lager. Yet, the second-glass — or in this case, second pint — syndrome persists for both the lager and the stout. The buzz you thought you had turns out to be fantasy.

Of course, the quest for buzz — that convivial lightheadedness — is the existential issue in the first place for many drinkers. The road to intoxication is broad. So how do you get the consumer to focus on flavor instead of inebriation? It may be cocktails or “mocktails” — a terribly awkward word. But restaurants can customize drinks for their characteristic cuisine. I had a miraculous NA michelada at Sanchez, chef Rosio Sanchez’s wonderful Mexican restaurant in the Vesterbro district of Copenhagen. The super piquant concoction is usually made with beer, but that’s been substituted by a NA pilsner from Rothaus, a German brewer. It went perfectly with the food, flowing and metamorphosing with the ingredients and heat.

Micheladas — hellishly spicy — aren’t for everyone and don’t go with everything. But there are other choices. I had a range of kombuchas in Copenhagen (teas fermented with a variety of ingredients, including roses, magnolias, and fig leaves) that were startlingly seductive. Those in the know will say that kombuchas contain some alcohol. That is an important concern for those with substance abuse issues. But the alcohol content is often less than a very ripe banana’s (0.2% to 0.5% alcohol-by-volume in the fruit, compared with the 12% to 15% with wine)2. The probiotics of kombucha may be beneficial too.

NA alternatives are as costly as regular offerings — or more. Muri has about six different blends available on its websites, each around £25 ($33.75) a bottle. Guinness 0.0% is more expensive than regular Guinness. That’s because — while the market is potentially enormous — the new technologies and processes for making the beverages can’t scale up yet. The customer base has to grow to make everything more affordable. As for mocktails, restaurants have to find and pay bartenders skilled in fermentation to come up with those kombuchas, which take time to cultivate.

If such things concern you, my friend Jenny Sharaf, an artist based in Los Angeles and Copenhagen, has an alternative to consider: the Wa-tini. You can style it like a Martini — dirty with olive juice, or with a twist or an indulgent kiss of NA vermouth — all poured into the classic glass. But one ingredient is key: bitingly cold, clean water. Shaken or stirred? It’s all in your head. — Bloomberg Opinion

1The previous MAD symposium was held in 2018. Funding and, eventually, the pandemic put a halt to what had been an annual get-together of the restaurant and food world. The name derives from a play in Danish and English. Mad means “food” in Danish (pronounced like “mal” and a close cognate of the word “meal”). The insanity stems from the free-flowing proceedings at the symposium, which are conducted under a distinctive, four-peaked magenta circus tent.

2A graver concern with NA beverages is sugar content and how it might affect diabetics or pre-diabetics who usually face much less risk with wine.

Yields on term deposits slip on BSP easing bets

BW FILE PHOTO

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to inch lower this week as both tenors were oversubscribed and as slower May inflation boosted expectations of further cuts in benchmark borrowing costs.

Bids for the term deposit facility (TDF) reached P151.725 billion on Wednesday, higher than the P120 billion placed on the auction block but lower than the P169.771 billion in tenders seen last week for the P140-billion offer. The central bank made a full P120-billion award of the papers.

Broken down, tenders for the seven-day term deposits stood at P89.438 billion, above the P70 billion auctioned off but a tad lower than the P90.668 billion in bids seen last week for the same offer volume. The BSP awarded P70 billion worth of the one-week tenor as planned.

Banks asked for yields ranging from 5.45% to 5.5125%, slightly below the 5.05% to 5.5185% margin seen last week. This caused the average rate of the one-week term deposits to inch down by 0.35 basis point (bp) to 5.5048% from 5.5083% a week ago.

Meanwhile, the 14-day papers attracted bids worth P62.287 billion, more than the P50 billion placed on the auction block but down from the P79.103 billion in tenders fetched for the P70 billion on offer last week. The central bank likewise made a full P50-billion award of the two-week deposits.

Accepted rates were from 5.47% to 5.53%, narrower than the 5.4% to 5.545% range seen a week ago. As a result, the average yield of the 14-day deposits likewise slipped by 0.35 bp to 5.5138% from 5.5173% the previous week.

The BSP has not auctioned off 28-day term deposits for more than four years to give way to its weekly offerings of securities with the same tenor.

Both the TDF and BSP bills are used by the central bank to mop up excess liquidity in the financial system and to better guide market yields closer to the policy rate.

“The BSP TDF average auction yields again slightly eased for the seventh week in eight weeks after the latest benign inflation [print] in May,” Rizal Commercial Banking Corp., Chief Economist Michael L. Ricafort said in a Viber message.

This could support a possible 25-bp cut at the Monetary Board’s policy meeting next week and further reductions within this year, consistent with recent signals from the BSP chief, Mr. Ricafort said.

He added that strong demand also caused TDF yields to go down, noting that the rates for both tenors are already close to the BSP’s target reverse repurchase rate.

Philippine headline inflation eased to an over five-year low of 1.3% in May from 1.4% in April and 3.9% in the same month a year ago.

This brought the five-month average to 1.9%, a tad below the BSP’s 2-4% annual target band. The central bank expects inflation to average 2.3% this year.

Last month, BSP Governor Eli M. Remolona, Jr. said the Monetary Board could deliver two more rate cuts this year in “baby steps” or increments of 25 bps, with the next reduction on the table as early as the June 19 policy meeting.

The BSP chief said cooling inflation gives them “plenty of room” to ease their policy stance further, although they don’t want to cut “too much” as this could stoke prices anew.

In April, the Monetary Board resumed its rate-cutting cycle with a 25-bp reduction after a surprise pause in its February review, bringing the policy rate to 5.5%.

The central bank has now reduced benchmark borrowing costs by a total of 100 bps since it began its easing cycle in August last year.

Mr. Ricafort added that expectations of further monetary easing by the US Federal Reserve also caused term deposit yields to decline “as the BSP could match future Fed rate cuts to maintain healthy interest rate differentials.”

The Fed is expected to hold rates steady next week and a Reuters poll showed that analysts expect the central bank to hold that stance till September. — BVR

OpenAI to tap Google in unprecedented cloud service deal despite AI rivalry, sources say

SAN FRANCISCO — OpenAI plans to add Alphabet’s Google cloud service to meet its growing needs for computing capacity, three sources told Reuters, marking a surprising collaboration between two prominent competitors in the artificial intelligence (AI) sector.

The deal, which has been under discussion for a few months, was finalized in May, one of the sources added. It underscores how massive computing demands to train and deploy AI models are reshaping the competitive dynamics in AI, and marks OpenAI’s latest move to diversify its compute sources beyond its major supporter Microsoft, including its high-profile Stargate data center project.

It is a win for Google’s cloud unit, which will supply additional computing capacity to OpenAI’s existing infrastructure for training and running its AI models, sources said, who requested anonymity to discuss private matters. The move also comes as OpenAI’s ChatGPT poses the biggest threat to Google’s dominant search business in years, with Google executives recently saying that the AI race may not be winner-take-all.

OpenAI, Google and Microsoft declined to comment. Alphabet’s stock was up 2.1% on Tuesday afternoon following the news, while Microsoft shares were down 0.6%.

Scotiabank analysts called the development “somewhat surprising” in a note on Tuesday, highlighting the growth opportunities for Google’s Cloud unit, while expressing caution regarding competition from ChatGPT.

“The deal… underscores the fact that the two are willing to overlook heavy competition between them to meet the massive computing demands. Ultimately, we view this as a big win for Google’s cloud unit, but… there are continued worries that ChatGPT is becoming an incrementally larger threat to Google’s search dominance,” the analysts wrote.

Since ChatGPT burst onto the scene in late 2022, OpenAI has dealt with increasing demand for computing capacity — known in the industry as compute — for training large language models, as well as for running inference, which involves processing information so people can use these models. OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming adoption of AI.

Earlier this year, OpenAI partnered with SoftBank and Oracle on the $500-billion Stargate infrastructure program, and signed deals worth billions with CoreWeave for more compute. It is on track this year to finalize the design of its first in-house chip that could reduce its dependency on external hardware providers, Reuters reported in February.

The partnership with Google is the latest of several maneuvers made by OpenAI to reduce its dependency on Microsoft, whose Azure cloud service had served as the ChatGPT maker’s exclusive data center infrastructure provider until January. Google and OpenAI discussed an arrangement for months but were previously blocked from signing a deal due to OpenAI’s lock-in with Microsoft, a source told Reuters. Microsoft and OpenAI are also in negotiations to revise the terms of their multibillion-dollar investment, including the future equity stake Microsoft will hold in OpenAI.

For Google, the deal comes as the tech giant is expanding external availability of its in-house chip known as tensor processing units, or TPUs, which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two OpenAI competitors launched by former OpenAI leaders.

Google’s addition of OpenAI to its customer list shows how the tech giant has capitalized on its in-house AI technology from hardware to software to accelerate the growth of its cloud business.

Google Cloud, whose $43 billion in sales comprised 12% of Alphabet’s 2024 revenue, has positioned itself as a neutral arbiter of computing resources in an effort to outflank Amazon and Microsoft as the cloud provider of choice for a rising legion of AI startups whose heavy infrastructure demands generate costly bills.

Alphabet faces market pressure to demonstrate financial returns on its AI-related capital expenditures, which are expected to hit $75 billion this year, while maintaining its bottom line against the threat of competing AI offerings, as well as antitrust enforcement.

Google’s DeepMind AI unit also competes directly with OpenAI and Anthropic in a race to develop the best models and integrate those advances into consumer applications.

Selling computing power reduces Google’s own supply of chips while bolstering capacity-constrained rivals. The OpenAI deal will further complicate how Alphabet Chief Executive Officer Sundar Pichai allocates the capacity between the competing interests of Google’s enterprise and consumer business segments.

Google already lacked sufficient capacity to meet its cloud customers’ demands as of the last quarter, Chief Financial Officer Anat Ashkenazi told analysts in April.

Although ChatGPT holds a large lead over Google’s competing chatbot in terms of monthly users and analysts have predicted it could reduce Google’s dominant search market share, Pichai has brushed aside concerns that OpenAI will usurp Google’s business dominance. Reuters

Gold mine

FACEBOOK.COM/PEDROANTONIOJAVIER

Days like today, which marks our 127th year of independence, remind history enthusiasts like me of just how much we are missing in terms of insights from what our nation has undergone over centuries.

I have never known us to be a historically conscious people, and the advent and proliferation of revisionism and other forms of misinformation/disinformation on social media — increasingly the key source of information for far too many Pinoys — have only worsened ignorance about our past and its impact on our present and our future.

Even more fundamentally: education in history also hones the mind, instilling discipline in habitually verifying claims. At this point, I recall a recent legislative hearing wherein some high officials railed against the “weaponization” of social media, arguing in part that this trend risks dividing society. I get their point. But differences in opinion, no matter how divisive, are a key trait of democracy. What I take exception to is the proliferation and use (deliberate or otherwise) of false information (e.g., saying that we use water cannons against Chinese boats), because such misuse negates the spirit and purpose of any debate.

Hence the need to step up efforts to encourage ordinary folk to educate themselves more on this count — and to give them the opportunity and means to do so — in order to supplement what little knowledge on this matter that they get in school.

Thinkers and historians since the likes of Plutarch have used narrations on personalities to make it easier to understand abstract concepts like values and ethics. For cognitive psychologist Samuel S. Wineburg, for instance, “history holds the potential… of humanizing us in ways offered by few other areas in the school curriculum.

“By tying our own stories to those who have come before us, the past becomes a useful resource in our everyday life, an endless storehouse of raw materials to be shaped or bent to meet our present needs,” Mr. Wineburg wrote in his work, Historical Thinking And Other Unnatural Acts: Charting the Future of Teaching the Past.

NOT ENOUGH
To be sure, the promotion of exhibits at specific venues like the National Museum and the Museo BSP, as well as historical flicks like Heneral Luna in 2015 and GomBurZa in 2023 may somewhat help enhance patriotism and a sense of national identity among ordinary folk.

But such efforts have been too infrequent and too fragmented to make any lasting general impact.

Is there an interest in history among the public? Yes, there is, judging from the growth in the number of groups of history enthusiasts from just a handful in the 1990s, as well as their participation in local government ceremonies and anecdotes of interactions with bystanders during their activities.

But such curiosity has to be fostered.

Perhaps it’s time for more concerted moves here among the various government offices that are in charge of collecting, restoring, and preserving historical legacies, as well as disseminating information from/on these materials: the National Historical Commission of the Philippines, the National Museum, the Intramuros Administration, local governments, not to mention autonomous/independent efforts by various universities and private groups.

Maybe this is why many events and other initiatives of these varied entities have not drawn wider participation beyond scholars, academics, and enthusiasts.

Such concerted efforts should include greater, more skillful and regular use of social media which have become the primary source of information of majority of Filipinos. These contents aim both to announce and to drum up interest in attending/viewing events, as well as to regularly disseminate thought-provoking, curious, even amusing/entertaining tidbits of history which the public can easily digest, with links to full discussions of events and issues in other appropriate platforms for those interested in learning more.

Those involved in this effort can also turn to the use of comics to inform the youth (especially those out of school) and entice them to seek details from more informative sources.

NO LACK OF EXEMPLARS
Besides deeper dives (always presented in an attractive manner with effective visuals) into select works and ideas of standard sources like Jose Rizal, Andres Bonifacio, Emilio Aguinaldo, Emilio Jacinto, Apolinario Mabini, Marcelo del Pilar, Graciano Lopez Jaena, etc., these efforts can also widen ordinary Filipinos’ grasp of the past by offering information on less-well known historical figures.

Just to give you an idea, take for instance:

Artemio “Vibora” (Viper) Ricarte — One of the last generals of the First Philippine Republic under Emilio Aguinaldo to be captured by US forces, he refused to take the oath of allegiance to the new colonial master. He threw in his lot with Japan, which had emerged as a regional power after it defeated Imperial Russia in 1905 and had been sympathetic to the Philippine war against the United States. He returned to the Philippines in the company of the Japanese invaders in 1941 (dressed, according to one photo, as a Japanese general), refused to flee his homeland with the retreating Japanese forces towards the end of World War II, and died in Ifugao province in July 1945.

Manuel Bernardo Guillermo Sityar — A mestizo lieutenant of the Guardia Civil who reported the existence of suspected rebels in San Juan del Monte and Mandaluyong in mid-1896, he defected to Aquinaldo’s side in May 1898 (it is not clear to me if Rizal’s death on Dec. 30, 1896 had anything to do with that), became the director of the Philippines’ first military academy (Academia Militar de Malolos), represented Laguna with three others in the Malolos Congress, surrendered to the Americans in 1899, and died in December 1927.

Maria Y. Orosa — A US-educated (University of Washington, 1921) chemist, food technologist, and pharmacist, she declined a job offer from Washington State, got jobs at the Food Preservation Division of the Philippine Bureau of Science and at the Central Escolar University in 1922, and headed the Plant Utilization Division of the government’s Bureau of Plant Industry in 1934. She developed ways to preserve local foods in order to help households cut reliance on imports. Her inventions included soyalac (a drink made from soybeans); flour from cassava, green bananas, and coconuts; darak (rice flour high in Vitamin B-1), and banana catsup. She joined the resistance to the Japanese occupation, led students in preparing nutrient-rich rations for guerrillas, and smuggled food to prisoners at the Santo Tomas Internment Camp. She and several others were killed by an American bomb in February 1945. (https://www.nps.gov/articles/000/maria-ylagan-orosa.htm)

Gregorio G. Sancianco — An early advocate of economic reforms in the Philippines under Spain (in the late 1800s), his defense of natives against criticisms of indolence was cited by Rizal in his 1890 essay, “Sobre la indolencia de los filipinos.” Sancianco had joined youth reformist groups in the 1860s, had criticized the crown’s oppressive encomienda tribute system in his 1881 work, El Progreso de Filipinas, and was imprisoned after being falsely implicated with a local uprising in Pangasinan in 1884. In El Progreso, wherein he debunked the charge of indolence among natives, Sancianco blamed backwardness in the colony to Spain’s failure to provide basic public goods and services, e.g., justice, public works, and education. He blamed these flaws, in turn, on a lack of revenues due to an inefficient, racially biased fiscal system and prescribed corresponding reforms. He died in November 1897. (https://archium.ateneo.edu/cgi/viewcontent.cgi?article= 1020&context=history-faculty-pubs)

The 20 Women of Malolos, Bulacan — Now, who can forget this feisty bunch of young ladies who, in December 1888, boldly marched up to then Spanish Governor General Valeriano Weyler — who had a well-earned reputation for ruthlessness against uprisings of Tagalogs and Moros here, as well as later in Cuba — to ask for education in a night school? Weyler granted their petition, under certain conditions, which was reportedly thumbed down by the parish priest of Malolos. That school operated for just three months, but Rizal would write from Barcelona, Spain to praise these ladies in February 1889. They were: Elisea Tantoco Reyes, Juana Tantoco Reyes, Leoncia Santos Reyes, Olympia San Agustin Reyes, Rufina Reyes, Eugenia Mendoza Tanchangco, Aurea Mendoza Tanchangco, Basilia Villariño Tantoco, Teresa Tiongson Tantoco, Maria Tiongson Tantoco, Anastacia Maclang Tiongson, Basilia Reyes Tiongson, Paz Reyes Tiongson, Aleja Reyes Tiongson, Mercedes Reyes Tiongson, Agapita Reyes Tiongson, Filomena Oliveros Tiongson, Cecilia Oliveros Tiongson, Feliciana Oliveros Tiongson, and Alberta Santos Uitangcoy.

Bonifacio Mariano — This sharpshooter under Filipino General Licerio Geronimo felled US General Henry Lawton at the December 1899 Battle of San Mateo (trivia: Lawton — after whom Lawton Avenue took its name — who had such disregard for Filipino marksmanship that he reportedly ignored his officers’ counsel for him to dismount his horse amid the battle, had been credited as a young captain for the surrender of the legendary Apache leader Geronimo). A street in San Mateo is now named Bonifacio Mariano.

Any of these lives is interesting enough for further research and as subjects for later films, don’t you think? And to think this is just a small sample of the historical figures whose lives are worth digging into and using to educate and motivate the public.

There is no lack of such inspirations in our past. But the tedious task of sifting through abundant information, processing and then presenting them in ways that will attract attention and excite curiosity among a usually lukewarm audience… well, therein lies the trick.

 

Wilfredo G. Reyes was editor-in-chief of BusinessWorld from 2020 through 2023.

Dining In/Out (06/12/25)


The Pen’s The Bar goes Japanese

SATOMI MIZUGISHI, formerly of Jigger & Pony (No. 5 in Asia’s 50 Best Bars list), is taking over The Peninsula Manila’s The Bar on June 13, starting at 8 p.m., offering drinks blended with Patron Tequila and Bombay Sapphire. For inquiries, call The Pen at 8887-2888 or visit the website peninsula.com/Manila.


Kape at Kultura at Eastwood

AT EASTWOOD CITY, guests can experience Kape at Kultura until June 15 at Eastwood Central Plaza. In partnership with the DTI Cordillera Administrative Region, this festival celebrates the bold brews and vibrant traditions of the Cordilleras. Visitors can immerse themselves in Cordilleran culture through a variety of workshops, including coffee-making, latte art, handcrafting, and accessory-making. Other Megaworld Lifestyle Malls are celebrating Independence Day with art and other activities. At Festive Walk Iloilo, the Kultura at Sining: Kalayaan, Kinabukasan, Kasaysayan gallery marks a historic collaboration with the National Museum of the Philippines Iloilo. The mall launched the first-ever museum exhibit within a mall in Region VI, featuring a showcase of Filipino artistry, heritage, and storytelling. Located on the 2nd floor of Festive Walk Mall, the gallery will be open to the public for the entire month of June. Meanwhile, Maple Grove in General Trias offers a creative celebration through its Independence Day Interactive Art Wall. On June 12, guests are invited to contribute to a community mural by coloring portions of the wall and expressing their thoughts on freedom through written messages, creating a collective masterpiece that reflects shared values and aspirations. Finally, simultaneous flag-raising ceremonies will be held at select Megaworld Lifestyle Malls on June 12, including Eastwood City, McKinley Hill in Taguig City, Arcovia City in Pasig City, and Southwoods Mall in Biñan, Laguna.


Cucumbers for cocktails

HENDRICK’S GIN is celebrating World Cucumber Day on June 14 (in a great coincidence, also World Gin Day this year). From June 12 to 14, Hendrick’s Gin comes to Fr Mgmt, Eraya, and Spritz, where those who purchase any two Hendrick’s cocktails will receive a complimentary tarot card reading. On June 14, from 6 to 10 p.m., the Cucumber Currency Exchange returns to the Philippines. In over 50 of the Metro’s bars and establishments, guests may present a cucumber in exchange for a Hendrick’s & Tonic. These bars include Al Tarboosh, B House, Banter & Jive, Bar 10 Four, Big Fuzz, Bizarre, Curator, Dr. Wine Poblacion, Draft Rockwell, Fat Cat, From Management, Grasshopper, Japonesa, Lampara, Layaw Bar, Mijo Comfort Food, Papillon, Polilya, Project Vino Poblacion, Project Vino Reserve, Spritz Bar, Skyline Sports Bar, The Penthouse 8747, and Tiabuela in Makati. Taguig bars that will be participating include Dr. Wine BGC, Electric Garden, Fauna MNL, Ipong Manila, Southbank BGC, and The Attic. Southbank Café and Project Vino Alabang will participate in Muntinlupa, while Southbank Estancia, Hakid Manila, Linger Bar, and Joy-Nostalg will do the same in Pasig. Other celebrations are set in other cities, from Quezon City to Los Baños. For a complete list, see https://hendricksgin.com/ph/unusual-times/world-cucumber-day/.


Bridgetown does beer

Bridgetown is hosting the MNL Craft Beer Festival on June 13 and 14 in Pasig City. This year, they’re expanding their reach and welcoming guests from the Visayan Craft Brew Association (Dumaguete, Cebu, and Boracay). Entrance is free.


Robinsons Malls celebrates dads

THIS June 15, Robinsons Malls invites families to come together for Dad. At the Dad + Me Festival, dads and kids (ages three to 11) can enjoy bonding experiences — like basketball shootouts, obstacle courses, arts and crafts corners, hobby exhibits, and photo booths. One single-receipt purchase on June 15 gets you an event pass. One can also treat Dad to his favorite meal: enjoy hotpot at Haidilao, Japanese dishes at Don Don Tei and Hoshino, or elevated Asian cuisine at Paradise Dynasty and Via Mare. Buffets at Vikings (Robinsons Antipolo) and coffee at Key Coffee and St. Ali (both at Opus) round out options. Dads can also catch a free movie screening before 5 p.m. with at least one paying companion via the RMalls+ app, which unlocks even more deals and treats. Top it all off with grooming at Bruno’s or The Dojo, sneaker cleaning at Sole Care or La Sole Manila, some gift ideas at Open Source by Beyond the Box, Power Mac Center, Foot Locker and Nike, games at Timezone, Playlab, Funtopia, Jollyland and Paeng’s Midtown Bowl, and a Parokya ni Edgar concert at Robinsons Galleria on June 14.


Going Filipino with Diamond Hotel

TODAY is the last day to enjoy Diamond Hotel Philippines’ Filipino Food Festival, dubbed Likhang Malinamnam, at the Corniche restaurant. The festival showcases elevated Filipino food crafted by the hotel’s own chefs, namely Danilo Guerrero, Jr., Emmanuel Reyes, Honey Ecreala, Mon Luyao, and Kiko Bautista. Available for lunch or dinner buffet at P3,880 net per person, this food festival serves comfort dishes with a modern flair: balot a la pobre, seafood paella negra, ginataang kuhol, aligue rice, pako salad with crispy dilis, kesong puti and herbed cheese cream with tinapa, kinilaw, and more. For dessert, takes on local delicacies take the spotlight: Brazo de Mercedes, coconut langka cake, calamansi sorbet, pianono, among others. For reservations call 8528-3000 or e-mail restaurant_rsvn@diamondhotel.com. Vouchers may be purchased at onlineshopping.diamondhotel.com.

Megaworld allots P2.5B for Eastwood City redevelopment

EASTWOOD CITY — MEGAWORLD CORP.

LISTED property developer Megaworld Corp. has begun the P2.5-billion redevelopment of its 18.5-hectare Eastwood City township as part of efforts to enhance its commercial and lifestyle offerings.

In a statement on Wednesday, Megaworld said it is currently upgrading various commercial areas and lifestyle malls, including Eastwood Citywalk, Eastwood Mall, and the Eastwood Mall Open Park.

Eastwood City, launched in 1997, is Megaworld’s first mixed-use development. It comprises 23 residential condominium towers, 11 office buildings, and three lifestyle malls, with nearly 500 restaurants and retail shops.

The redevelopment plan includes the ongoing enhancement of Eastwood Richmonde Hotel and the phased refurbishment of office towers, beginning with the recently completed renovation of IBM Plaza.

Megaworld said upcoming improvements will include upgraded lobbies, facilities, and amenities in additional office buildings and residential towers, with renovations to roll out in the coming months.

Eastwood Mall has already undergone redevelopment, which included refreshed interiors, upgraded cinemas, and a revitalized tenant mix.

Select areas of the mall have been converted into new lifestyle spaces, such as the country’s first branch of SuperPark Philippines, an indoor activity park.

Renovation works have also been completed at Eastwood Citywalk, with nightlife destination Fuente Circle now featuring a Bourbon-inspired façade.

The site’s former cinema space has been transformed into the new REP Eastwood Theater, now home to Philippine theater company Repertory Philippines.

The fourth floor of Eastwood Citywalk has been redesigned into a modern food park, featuring updated interiors and ambiance, along with a curated selection of new dining concepts.

Redevelopment efforts are ongoing across the township’s parks and open spaces, including the transformation of the Eastwood Mall Open Park.

The area will soon feature an open-air space anchored by brands such as Harlan + Holden, SaladStop!, Matcha Tokyo, and Jamba Juice.

“Eastwood City holds a special place in our history as Megaworld’s very first township, and this redevelopment reflects our commitment to keeping it vibrant, relevant, and future-ready,” Megaworld President Lourdes T. Gutierrez-Alfonso said.

“We are not only preserving its legacy but also reinventing it into a township of the future — setting an even higher standard for integrated urban living,” she added.

Megaworld has 35 townships across the country, supported by a land bank of approximately 7,000 hectares. The company is on track to launch more township projects this year.

Shares in Megaworld were unchanged at P1.80 each on Wednesday. — Revin Mikhael D. Ochave

Shakey’s Pizza Asia Ventures, Inc. amends Notice of 2025 Annual Stockholders’ Meeting to July 3

 Amended Notice of Annual Stockholders’ Meeting

Notice is hereby given that the Annual Stockholders Meeting will be held on Thursday, July 3, 2025 at 8:30 in the morning.

The agenda for the said meeting shall be as follows:

  1. Call to Order
  2. Secretary’s Proof of Due Notice of the Meeting and Determination of Quorum
  3. Approval of the Minutes of the Stockholders’ Meeting held on June 20, 2024
  4. Management’s Report
  5. Ratification of Acts of the Board of Directors and Management During the Previous Year
  6. Election of Directors (including Independent Directors)
  7. Appointment of External Auditor
  8. Other Matters
  9. Adjournment

The meeting shall be presided by the Chairman of the Board and held at the principal office of the Corporation located at  WOW Center 15KM East Service Road corner Marian Road 2, Brgy. San Martin de Porres, Paranaque City. Copies of this Amended Notice shall be published in two (2) newspapers of general circulation on June 12 and June 13, 2025.

A brief explanation of the agenda item which requires stockholders’ approval is provided above. The Information Statement, Management Report, SEC Form 17A are uploaded to the Corporation’s website https://www.shakeysgroup.ph/ and PSE EDGE.

The record date for the determination of the shareholders entitled to vote at said meeting is on May 9, 2025.

Stockholders may attend the meeting and vote via remote communication only.

Stockholders pre-registration is open until June 3, 2025, please use the registration link below:

https://www.shakeysgroup.ph/ir/register

Upon registration, Stockholders shall be asked to provide the information and upload the documents listed below (the file size should be no larger than 5MB):

  1. For individual Stockholders:
    1. Email address
    2. First and Last Name
    3. Address
    4. Mobile Number
    5. Current photograph of the Stockholder, with the face fully visible
    6. Stock Certificate Number and number of shares held by the stockholder
    7. Valid government-issued ID
    8. For Stockholders with joint accounts: A scanned copy of an authorization letter signed by all Stockholders, identifying who among them is authorized to cast the vote for the account
  1. For corporate/organizational Stockholders:
    1. Email address
    2. Name of stockholder
    3. Address
    4. Mobile Number
    5. Phone Number
    6. Stock certificate number and number of shares held by the stockholder
    7. Current photograph of the individual authorized to cast the vote for the account (the “Authorized Voter”)
    8. Valid government-issued ID of the Authorized Voter
    9. A scanned copy of the Secretary’s Certificate or other valid authorization in favor of the Authorized Voter

Stockholders who will join by proxy shall download, fill out and sign the proxy found in https://www.shakeysgroup.ph/ir/register. Deadline to submit proxy forms is on June 17, 2025.

All registrations shall be validated by the Corporate Secretary in coordination with the Stock Agent. Successful registrants will receive an electronic invitation via email with a complete guide on how to join the meeting and how to cast votes.

Only stockholders of record as of the close of business on May 9, 2025 are entitled to notice and to vote at the meeting.

 

Sgd.
MARIA ROSARIO L. YBANEZ
Corporate Secretary

 


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HONOR 400 5G set for PHL launch on June 17

HONOR PHILIPPINES

GLOBAL technology brand HONOR’s latest mid-range smartphone, the HONOR 400 5G, will be launched in the Philippines on June 17.

Marketed as the “AI (artificial intelligence) Phone,” the HONOR 400 5G has an Image-to-Video feature that turns still photos into lifelike videos with the use of artificial intelligence, HONOR Philippines said in a statement.

“Our goal with the HONOR 400 5G is to redefine how people capture and relive their most special moments,” HONOR Philippines Vice President Stephen Cheng said.

“With the HONOR 400 5G, we’re not just launching another smartphone, but introducing a new emotional experience. This is the real AI phone, designed to bring your memories back to life and create meaningful moments through innovation.”

Based on the brand’s global website, the HONOR 400 5G has a 6.55-inch AMOLED screen and is powered by a Snapdragon 7 Gen 3 octa-core processor. It operates on MagicOS 9.0 based on Android 15.

The phone has 8GB and 12GB memory and 256GB and 512GB storage options.

The HONOR 400 5G features a 200-megapixel (MP) AI main camera and a 12MP ultra-wide lens with up to 30 times digital zoom. It also has a 50MP front camera.

It comes with a 6,000mAh battery that supports fast charging. It also has an IP66 water and dust resistance rating.

Over the weekend, HONOR Philippines held an event to showcase the capabilities of its latest smartphone, which was an exclusive prenuptial photoshoot featuring celebrity couple Shaira Diaz and EA Guzman at Las Casas Filipinas de Acuzar in Quezon City.

“What sets the HONOR 400 5G apart is its ability to evoke deep emotions with every frame. Each AI-powered transformation is designed to highlight the small but meaningful details, from the subtle movements of a veil in the wind to the warmth of sunlight on a couple’s smiles. The result is a photo album that feels alive and dynamic, unlike anything traditional cameras can deliver,” HONOR Philippines said.

“The HONOR 400 5G also offers a seamless and intuitive user experience, making advanced AI features accessible to everyone. Whether you’re capturing an intimate prenup shoot, family gatherings, or spontaneous adventures, this phone ensures that every moment becomes a timeless masterpiece. Its sleek design and 5G connectivity further enhance its appeal, proving it’s not just a device but a companion for creating and sharing life’s most meaningful moments.” — BVR

European Commission removes PHL from ‘high-risk’ money laundering list

REUTERS

THE PHILIPPINES has been removed from the European Commission’s (EC) list of “high-risk” countries for anti‑money laundering and countering the financing of terrorism (AML/CFT) following its exit from global watchdog Financial Action Task Force’s (FATF) “gray list.”

The commission said in a statement on Tuesday that it has updated its list of high‑risk jurisdictions that showed “strategic deficiencies” in their AML/CFT regimes to remove the Philippines.

“The updated list takes into account the work of the Financial Action Task Force and in particular its list of “Jurisdictions under Increased Monitoring”. As a founding member of FATF, the Commission is closely involved in monitoring the progress of the listed jurisdictions, helping them to fully implement their respective action plans agreed with FATF. Alignment with FATF is important for upholding the EU’s (European Union) commitment to promoting and implementing global standards,” it said.

Other jurisdictions that were delisted by the commission were Barbados, Gibraltar, Jamaica, Panama, Senegal, Uganda, and the United Arab Emirates.

“That’s certainly good news,” Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said in a text message to reporters on Wednesday when sought for comment. “But the EU parliament will still need to confirm the EC decision.”

“After we got off the FATF gray list, we also got off the UK’s (United Kingdom) list, which is a separate one. To stay out of those dirty money lists, we’re now trying to identify emerging risks.”

In February, the FATF removed the Philippines from its list of jurisdictions under increased monitoring for “dirty money” risks following a successful on-site visit and completion of the recommended action plan. The country was on the FATF’s gray list for over three years or since June 2021. The FATF’s move also resulted in the Philippines’ inclusion in the EU’s list of high-risk jurisdictions for AML/CTF and the UK’s advisory list, which means being subjected to stricter customer due diligence measures by member states for business relationships or transactions, the Anti-Money Laundering Council has said.

The dirty money watchdog noted the Philippines’ progress in addressing the strategic anti-money laundering and countering the financing of terrorism and proliferation financing deficiencies.

The BSP has said that it is working to ensure that the country will stay out of the FATF’s gray list.

The Anti-Money Laundering Council is also pushing amendments to the Anti-Money Laundering Act as part of its next steps to ensure the country will not return to the list.

These changes aim to align the law with international standards, such as the enhanced monitoring of virtual asset service providers and other emerging threats.

The FATF’s next assessment of the country is slated for 2027, where it will verify that the measures are sustained and still in place.

Meanwhile, the European Commission added Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela to its list of high-risk jurisdictions.

“European Union entities covered by the AML framework are required to apply enhanced vigilance in transactions involving these countries. This is important to protect the EU financial system,” it said. — BVR