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Purity, integrity, and joy: Inside La Conseillante with Marielle Cazaux

THE Chateau La Conseillante Wine Dinner Lineup (L-R): vintages 2019, 2017, 2010, 2009, 2005 and 2000. — SHERWIN A. LAO

AT A RECENT wine dinner hosted by Wine Story in Bonifacio Global City (BGC), I had the privilege of sitting down with Marielle Cazaux, managing director of Chateau La Conseillante, one of Pomerol’s most celebrated estates.

What made this even more special for me is that I have not tasted enough of Pomerol to be able to appraise the wine as I would, say, St.-Emilion, Pauillac, Margaux or even Hermitage, Champagne, and Alsace. I have had the privilege of tasting the most iconic wine of them all, Petrus, and even Le Pin, but just a few times, less than a handful, in my lifetime. I have had more of Chateau Nenin, Vieu Certan, and even Chateau Clinet, but never once a taste of La Conseillante. This was one interview and tasting I would not miss.

Once more, thanks to Wine Story big boss Romy Sia, I got to finally not only taste La Conseillante, but also had an extensive chat with the managing director.

Because of the December traffic I was late for my interview, but fortunately the hardworking Wine Story Manager Carla Santos was still able to manage my private interview during a short break. By the time I got to speak with Ms. Cazaux, the La Conseillante wines from the different vintages I sampled had already made a great impression on me. What followed was a candid and inspiring conversation about terroir, vintages, pricing philosophy, and the human side of winemaking.

THE TERROIR AND THE BLEND
In our short tête-à-tête, Ms. Cazaux began by describing the unique soils of La Conseillante. Pebbly plots and sandy parcels provide the foundation for wines that balance richness with elegance.

The estate’s flagship wine is typically a blend of 80% merlot and 20% cabernet franc, with merlot bringing depth and silkiness, while cabernet franc adds freshness and spice. Annual production averages in the 40,000-bottle range, with a small library stock reserved for the family and collectors.

La Conseillante also produces a second wine, Duo de Conseillante, a second label that was first created in 2007. Made in lighter sandy soils, it is 90% merlot and 10% cabernet franc, aged in a mix of new and used oak. Ms. Cazaux described Duo as “easy-drinking, refined, and spicy” — a wine for everyday enjoyment, and even suggested that the wine can go with some fish dishes.

THE PURSUIT OF PURITY
Since taking the helm in 2015, Ms. Cazaux has overseen a string of highly acclaimed vintages, including several that earned the chateau the coveted 100-point scores from critics. I mentioned this incredible fact at our table during the wine dinner, and Ms. Cazaux humbly deflected the compliment to her team. At the same time, during the interview, she insisted that her proudest achievement was not the accolades, but the team she has built.

“My greatest achievement is to bring together the team I have today. They are my dream team. Like in basketball, everyone shares the same goal, the same energy, and even my craziest ideas. That’s what makes the difference.”

Due to a string of perfect and near perfect scores, I asked Ms. Cazaux what the hallmark of a perfect La Conseillante vintage is. She responded with pride: “Purity — wines that combine power and softness, balance and precision, with no ‘flawed artifacts.’ Clean, transparent winemaking is our guiding principle.”

PRICING WITH INTEGRITY

The conversation turned to the sensitive subject of wine pricing. During the challenging economic climate of 2020-2021, La Conseillante lowered its release prices, even as quality remained exceptional. Ms. Cazaux explained that pricing decisions are made with both economic realities and customer margins in mind.

“We want La Conseillante to be about drinking, not collecting. My boss hates seeing bottles priced five times higher in restaurants. Wine should be enjoyed, not locked away. This philosophy has strengthened loyalty among négociants and consumers alike, ensuring that even in difficult vintages, La Conseillante remains accessible while preserving its prestige.”

CLASSIFICATION, REPUTATION, AND THE FUTURE
When asked about whether Pomerol should adopt a formal classification system like Saint-Émilion or Médoc, Ms. Cazaux was firm: “Forget that. It’s more problem than value. In Pomerol, we put good wine on the table, and customers choose. Reputation and quality speak louder than classifications.”

Despite economic cycles and market fluctuations, Ms. Cazaux remains optimistic. With vintages like the 2019, 2020, and 2022 already showing both drinkability and longevity, La Conseillante continues to embody the elegance and purity of Pomerol. For Ms. Cazaux, the journey is not about chasing points or wealth, but about building a legacy of teamwork, integrity, and wines that inspire joy.

With Marielle Cazaux in charge since 2015, Chateau La Conseillante has a great future ahead, and if the 2019 vintage that I loved so much is any indication, it should be no surprise to expect more hedonistic wines to come from this chateau. Why I hadn’t paid attention and tasted La Conseillante till this wine dinner will remain a mystery to me.

THE WINES
I was totally spoiled in this tasting as we had not one or two La Conseillante to try, but six select vintages.

Below are my customary tasting notes in order of serving:

La Conseillante 2019: “Very elegant nose with subtle and sophisticated flavors from red cherries, violets, minerals to white pepper; on the palate, flavors are delicate and refined but with underlying fruit power that augurs well for long-haul cellaring; perfectly balanced, silky texture and licorice notes at the end.” This exemplifies what an elegant wine should smell and taste like.

La Conseillante 2017: “The nose is more complex with mocha and ripe berries; very delectable on the palate with grainy texture and bitter-sweet tannins; long and deep, shows a lot of youth, but can be appreciated now with decent decanting time.”

La Conseillante 2010: “A voluminous rustic wine with nose of stewed berries and cinnamon bark, full-bodied, powerful with chewy tannins, and a long-lingering finish.” Easily the most full-bodied wine among the six vintages tasted at this event.

La Conseillante 2009: “A more typical Pomerol nose with earthiness, grass, and cassis before its fruit aromas and oak bouquet manifest itself; the wine shows the purity of the region, medium-bodied, nice acid balance, and a flinty finish.”

La Conseillante 2005: “On the nose this wine shows a lot of power and fragrance, still fresh because of its nice acid balance, not indicative of its 20-year-old status; richly flavorful with luscious cherries, herbs and spices; full-bodied and a lingering finish with seductive violet floral notes.” This is as good of a fruit-bomb Pomerol you can get if you are into this Le Pin style.

La Conseillante 2000: “Nose is quite subtle, showing faint fruits and nice spices; tannins are soft, supple and developed; the wine is quite delicate, medium bodied, and more elegant, pure and clean compared to the other younger vintages, probably except for the 2019 vintage.” This is for me a “drink now” type of wine.

For Chateau La Conseillante, and other equally amazing wines of the highest stature, visit Wine Story at Shangri-La Plaza, Mandaluyong City or at One Uptown Residence, BGC, Taguig City. Or check out their website at www.winestory.com.ph.

 

Sherwin A. Lao is the first Filipino wine writer member of both the Bordeaux-based Federation Internationale des Journalists et Ecrivains du Vin et des Spiritueux (FIJEV) and the UK-based Circle of Wine Writers (CWW). For comments, inquiries, wine event coverage, wine consultancy and other wine-related concerns, e-mail the author at wineprotege@gmail.com, or check his wine training website https://thewinetrainingcamp.wordpress.com/services/. Also check out his YouTube Channel www.youtube.com/@winecrazy.

Raslag to spend up to P3 billion on Nueva Ecija project this year

RASLAG.COM.PH

RASLAG CORP. is allocating up to P3 billion in capital expenditures (capex) this year, mainly for the development of its 140-megawatt (MW) solar and 100-megawatt-hour battery energy storage project in Liwayway, Nueva Ecija.

“At the moment, it can be around P2 billion to P3 billion, depending on the flow with the permits,” Raslag Chief Finance Officer Karl Geo D. Origeneza told reporters on the sidelines of Energyear Philippines 2026 on Wednesday.

He said this year’s capex will cover the importation of solar panels and land conversion costs, a significant increase from last year’s P500-million budget, which was mostly spent on land acquisition.

Raslag aims to roll out the Liwayway project and reach its testing and commissioning phase by the fourth quarter of 2027, Mr. Origeneza said.

The company is also exploring expansion beyond Luzon, Raslag President and Chief Executive Officer Robert B. Nepomuceno said. “We’re also looking at expanding outside Luzon,” he added.

Raslag develops, owns, and operates utility-scale solar power plants and currently has a total installed capacity of 77.844 MW from four facilities in Pampanga.

The company targets a renewable energy portfolio of at least 1,000 MW by 2035. — Sheldeen Joy Talavera

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As digital ecosystems expand, enterprises are reassessing how their storage environments are built. Scalability, automation, and sustainability have become essential, especially as organizations balance performance demands with operational and environmental goals.

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For more than four decades, Seagate Technology has played a central role in the evolution of data storage, delivering more than four zettabytes of capacity across cloud platforms, edge deployments, and enterprise environments. As data volumes surge, Seagate continues to evolve its systems to help organizations deploy storage that is easier to manage, more resilient, and ready for long-term growth.

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Seagate addresses this through autonomous storage capabilities that reduce reliance on manual intervention. A key example is Exos Corvault, a high-capacity block storage system designed for multi-petabyte deployments. Instead of requiring immediate drive replacement, Corvault isolates and bypasses defective sectors while keeping systems online. This allows organizations to maintain access to their data and schedule maintenance on their own terms.

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Food and architecture

BRUT WINGS — INSTAGRAM.COM/BRUTALBYWADOUGHS

THE word “brutal” isn’t exactly one we would normally use to describe a good lunch, but a restaurant in Quezon City might just change that.

A boy’s christening in January held at and catered by Brutal by Wadoughs brought us into the orbit of chef Wado Siman, who transitioned from a career in television, pastry, then restaurant consultancy (their initial patisserie, Wadough’s in Maginhawa, has a degree of online fame). Brutal is Mr. Siman’s first venture into a full-service restaurant, opening late in 2024. “I hope you had a brutally good time,” he said in a text message.

During our lunch at Brutal, we had the pleasure of sipping their Talaba Chowder, and the soup made us forget we were at a family gathering and we began to work. For one thing, the flavor of oysters, delicate as it was, was still clearly expressed in the chunky soup, a rarity in this city. There were their signature wings, coated with nori and a hint of wasabi in the mayo dip, though this sat behind the Inasal Ribs. Think of the flavors in Bacolod’s chicken inasal (barbecue): earthy annatto and lively lemongrass, but given a heavier, more filling texture in pork ribs. Their Callos (beef tripe stewed in tomato sauce) was a surprise. It was clean-tasting, eliminating the sometimes-gamey taste of tripe that puts off other people. It dispensed with the tomato sauce, so the result was a clean and light dish, with just a hint of fragrant spice (Mr. Siman said that the recipe comes from Quezon where he grew up; incorporating Lucban longanisa sausage and kiping, a local rice wafer). There was a beef kare-kare (meat stewed in peanut sauce) too, with a sauce thinner than the ones served in other restaurants — which might seem a disadvantage, but here, it gained home-cooked familiarity.

Just as well: the space in Quezon City was once occupied by his mother’s former food venture.

The name derives from the building’s Brutalist architecture. The postwar Brutalist style became popular in the Marcos years (1965-1986) in the Philippines, characterized by angular shapes executed in concrete (think of the Cultural Center of the Philippines and the Philippine International Convention Center). Around the world, it became shorthand for Cold War style, but it was also favored for its economy in a world rebuilding after the Second World War and the haste to industrialize in a Cold War world. While it has its detractors for its supposed coldness and monumental inapproachability, some have become attached to it due to its clean lines and no-fuss attitude.

“My mom used to have a Filipino restaurant, but not really highlighting or emphasizing the Brutalist exterior since it was a low-end restaurant, so they didn’t care much about how the outside looks like,” he told BusinessWorld. For him though, “Brutal is such a powerful word, but naisip ko din na (I thought that) when you translate it to food, it can be very straightforward, unapologetic, and then in-your-face, no fuss, no muss, good food,” he said. “We wanted something more comfortable and straightforward,” he said, noting that they didn’t aspire for something “out-of-this-world” or “genius high end.” “We wanted to be not intimidating comfort food that you can eat or consume every day.”

Brutal is located at No. 6 Sto. Tomas corner Nicanor Ramirez St., Quezon City. Reservations can be made through Instagram at @brutalbywadoughs. The restaurant is open from 7 a.m. to 11 p.m. daily. — Joseph L. Garcia

Megaworld enters MICE sector with P1.5-B Mactan convention center

MEGAWORLD CORPORATION

LISTED property developer Megaworld Corp. has entered the MICE (meetings, incentives, conferences, and exhibitions) sector with the opening of Mactan Expo, its first standalone convention center in the 30-hectare The Mactan Newtown township in Lapu-Lapu City, Cebu.

“One of Megaworld’s opening salvos in nation-building was the expansion of our hotels, and now we are entering the MICE business with the main goal of providing essential developments and world-class convention facilities,” Megaworld President and Chief Executive Officer Lourdes T. Gutierrez-Alfonso said in a statement on Wednesday.

The P1.5-billion Mactan Expo will host the ASEAN Travel Exchange (TRAVEX), a key event of the ASEAN Tourism Forum (ATF) 2026, from Jan. 28 to 30, as part of the Philippines’ upcoming ASEAN Summit.

“Designed to set a new benchmark for world-class conventions and events in the Philippines, Mactan Expo is a celebration of Cebuano identity, with every element reflecting the island’s culture and natural beauty while supporting seamless large-scale gatherings,” the company said.

The move is part of Megaworld’s strategy to diversify its development portfolio across its townships nationwide.

“After Cebu, we will explore other key growth areas to expand this business as we aim to attract more international conventions and events, just like the ASEAN Summit, which will become a landmark hosting for Megaworld’s first-ever convention center,” Ms. Alfonso said.

Megaworld has appointed veteran MICE leader Louella Caridad to head its MICE division, overseeing the development, management, and operations of the company’s convention and exhibition facilities in major growth regions nationwide.

The unit will partner with Megaworld Hotels & Resorts to offer integrated events with venues, accommodations, and food services.

Ms. Caridad previously served as chief operating officer of World Trade Center Metro Manila and has more than 20 years of experience in retail, real estate operations, energy solutions, and property management.

The company said it plans to capitalize on rising tourism in the Philippines by expanding its MICE activities, including more hotels and convention centers in key cities over the next few years.

Megaworld shares rose 2.33% to P2.20 apiece on Wednesday. — Alexandria Grace C. Magno

Creative industries navigate the rise of AI

FREEPIK

By Brontë H. Lacsamana, Reporter

CREATORS from artistic, literary, musical, and audiovisual industries are pushing for a better regulatory framework behind the use of artificial intelligence (AI) models. As their usage increased over the past five years, there have been increasing concerns over the loss of revenues due to unauthorized use of creative works by these AI models as well as AI-generated art competing against the human-made.

Emerson G. Cuyo, director of the Intellectual Property Office of the Philippines’ (IPOPHL) Bureau of Copyright and Related Rights has reported that “guidelines on the copyright registration of literary and artistic works that contain material generated by AI” are now being crafted.

As of now, creative works must be the work of a natural person to be eligible for copyright protection.

“We rely heavily on the disclosure of the applicants,” said Mr. Cuyo in a talk last October on copyright. “What’s for sure is that works that are wholly generated by AI do not pass the requirement for copyright protection under our law. But for partially generated works, that’s where the confusion is, and that’s where guidance will come in.”

MARKET FOR AI EXPLODING
While no creative body in the Philippines has data on the size of the market for AI-generated works today, the International Confederation of Societies of Authors and Composers (CISAC) commissioned PMP Strategy to do a study on global companies’ increase of interest in Generative AI.

Generative AI (Gen AI) refers to generative models that produce text, images, and videos trained on underlying patterns and structures of data fed into the system. Language prompts then allow the models to produce new data based on the input. It was made popular by ChatGPT.

The study revealed that the market for music and audiovisual content generated by AI will increase exponentially in the next five years, growing from around €3 billion now to €64 billion in 2028.

Meanwhile, the revenues of Gen AI services in music and audiovisual industries are projected to reach €9 billion in 2028, up from €0.3 billion now.

Gadi Oron, CISAC’s director general, said in a statement for their global collections report in December that “new challenges brought by artificial intelligence technologies threaten the future of the creative sector.”

On the ramifications of widespread Gen AI use, he explained: “It is not simply another means of distributing creative works; it is a technology that appropriates and replicates them. Without proper safeguards or data transparency it risks undermining the very foundation of creative value.” 

CISAC represents 228 collective management organizations, 116 countries, and over 5 million creators across music, audiovisual, drama, literature, and visual arts, according to Mr. Oron.

Of these industries, royalty collections for music totaled €12.59 billion in 2023, with audiovisual content in second place at €730 million. This makes these two subsets of creators most susceptible to revenue loss in light of the potential dominance of Gen AI services. 

Unlicensed Gen AI could divert up to 25% of creators’ royalties, equivalent to €8.5 billion annually, if left unregulated.

For ABBA singer-songwriter and composer and CISAC president Björn Ulvaeus, authors’ societies delivering record royalties to creators worldwide may be a cause for celebration, but the rise of AI warrants serious attention.

“The advent of artificial intelligence signals a profound shift for our sector — proof that progress and disruption can exist side by side, and that the future of creativity will be shaped by how we reconcile both realities,” he said in a statement.

Locally, based on stakeholder feedback, IPOPHL revealed that the music, audiovisual, and publishing industries are the sectors most concerned by AI use.

VIGILANT CREATIVES
In 2023, The Beatles released “Now and Then,” billed as their last song. The track featured the voice of the late John Lennon, which an AI program extrapolated from an old recording. This is an example of AI use as a tool that draws from a small, curated subset of information.

On a wider scale, it is being used to generate entire videos and songs, using data extracted from creative works found all over the internet — without permission from creators.

The most recent example is an unfinished local theater production titled Moudifa the Musical, which presented a proof of concept for AI-generated music and lyrics back in November.

BusinessWorld attended the preview for 14 songs, where entrepreneur and budding writer-composer Margarita Marquis proudly claimed that they were written entirely by herself “with the aid of AI.”

“At the beginning, a hundred songs I created with AI. I said, ‘Okay, I will use AI, no soul,’ kasi sabi nilang lahat walang soul daw, diba (because everyone says that it has no soul, right)? So I created [it] like this. And then, at 3 o’clock in the morning, pwede na (it was okay),” she said, when we asked what her creative process was.

“After 50 songs, AI was following my feelings, my soul! I said, ‘Okay, AI, can you cry?’ AI can cry!” Ms. Marquis explained at the press conference. “Did you hear the lyrics? It is not AI. It is from my soul.”

Luna Griño-Inocian, a playwright and librettist, noted in reaction to this that AI ultimately “gets emotions and feelings from somebody else,” using original work by other artists as a template.

“When your ideas are posted online, they get eaten up and used,” she said in a Zoom interview in November. “You can spot if something looks or sounds like something else because AI eats up publicly available works by human beings and throws that back at you.”

Composer and scorer Vincent De Jesus said in a video call that claims of an AI future where performers will be obsolete will surely be protected by a musicians’ equity, such as when unions on Broadway protested over Here Lies Love using only a DJ and canned music, and no live musicians.

He explained that the Filipino creatives can be “just as vigilant” if a company were to open and mount shows fueled by AI.

“The industry and the audiences will not stay silent. Coming from the pandemic, we’ve only just begun reaping the fruits of our labor,” Mr. De Jesus said. “Starting 2023, left and right we’ve had so many original plays, musicals, student productions. At the end of the day, the audience will be the judge.”

DEMISTIFYING AI
Early in 2025, a band named The Velvet Sundown, with about 500,000 monthly subscribers gathered over the course of a month, was revealed to be an AI band.

“The Velvet Sundown is a synthetic music project guided by human creative direction, and composed, voiced, and visualized with the support of artificial intelligence,” said its spokesperson Andrew Frelon in a post online. The generative AI program Suno was used to create the virtual act, complete with consistent songwriting.

Trina Belamide, a songwriter and board member of the Filipino Society of Composers, Authors, and Publishers (FILSCAP), explained at a Linggo ng Musikang Pilipino (LMP) event in July that creators and founders of programs like Suno and Udio “make art a commodity.”

“In their minds, they help people so that making art will no longer be difficult. They think, who wants to suffer? But they miss the whole point, because that’s exactly what we love to do as artists,” she said. “If you’re an artist, you enjoy the process of creating.”

In an e-mail interview with BusinessWorld, cultural writer and musician Mariah Reodica explained that, although there is only so much she can do with AI in her personal practices of writing, music, and video, the way forward in general is to demystify the technology.

“I see these models as more of a tool than anything. They’re efficient for tasks that can be automated like parsing data or proofreading, but efficiency doesn’t necessarily mean that the quality of output is good. I always have to step back in at some point in the process to validate or reject what these produce. I have the final say,” she said.

Citing Meredith Walker, president of global communication non-profit Signal Foundation, Ms. Reodica added that creators need to “take a step back from taking the term ‘artificial intelligence’ at face value.”

“We can begin to assuage worries and technophobia by beginning to understand it. Artists in conversation with digital rights advocates in conversation with policymakers in conversation with open-source programmers in conversation with educators in conversation with everyone else,” she said.

Award-winning screenwriter and National Artist for Film Ricky Lee said at a book launch in November that human-made stories foster empathy, which AI can never replicate.

Sa pamamaraan ng storytelling, natututo tayong makipamuhay sa mga karakter at maintindihan ang bawat pagsubok natin bilang tao. (Through the use of storytelling, we learn how to live with the characters and understand every struggle we face as humans). AI would not get that,” he said.

“I don’t think it can ever supplant our own voice, our conscious storytelling, the in-betweens of words,” Mr. Lee added. “It’s a tool, but we have to have agency over it.”

On social media platforms like Facebook, many accounts spread AI-generated videos that foster disinformation and attempt to mimic real human situations and emotions to garner clicks, likes, and shares. Telltale signs include the watermark of Gemini, Google’s generative AI program, in the corners of the frame; misspelled or distorted text; and unusual or inconsistent movements and facial expressions of people in the video. Though according to some experts, these telltale signs are fast disappearing as the AI models improve.

OPEN SOURCE
For Christina Lopez, an Ateneo Art Award-winning visual artist who uses an AI model to produce images in her works, the tool can be used in the same way DJs sample tracks or chefs make use of a bottled sauce.

“It’s basically a component. If I didn’t already have an image in mind or a clear direction to take it, AI wouldn’t be useful,” Ms. Lopez explained. “The work I show is not the AI-produced thing in itself.”

Her contemporary art practice, spanning sculpture and video, directly deals with the power relations and implications behind image-making.

Both Ms. Reodica and Ms. Lopez told BusinessWorld that open-source software has a friendlier model which champions creators and digital rights advocates. It refers to source code made available to the public, allowing anyone to view, modify, and distribute the software.

This, compared to the likes of OpenAI, which used to be an open-source company and is now for profit, and X (formerly Twitter), which owns all the user-generated data on the site.

“It’s alarming that AI tools’ development is being dictated by big tech conglomerates who aren’t transparent about their intentions or goals,” said Ms. Reodica. “We’re thinking that we’re gaining something from using a service at little to no cost like ChatGPT or Midjourney in exchange for our data. We don’t know what it’s being used for exactly.”

For Ms. Lopez, who began using AI tools in 2019 (training her own models and not relying on large-scale, internet-wide data), the shift from artist-centered to profit-centered work was evident.

One of the open-source tools she used was Style GAN, short for Style Generative Adversarial Network, which generates diverse, high-quality images. When it was acquired by the company Nvidia, the data was no longer usable.

“It’s kind of this weird negotiation where artists would worry about these companies stealing from them. Intellectual property rights now don’t even consider that, the fact that AI is not being built in the first place for artists,” she said.

This is why pattern recognition-savvy artists and creators these days are “more optimistic about smaller, open, user-based software built for the community.”

Similarly, Ms. Reodica said that creative works don’t have to be judged for whether they are AI-made or not. “I’m interested in work that values freedom, agency, and accessibility,” she said.

COPYRIGHT POLICIES
Musician and composer Myke Salomon told BusinessWorld in a video call that “no aspiring creative should be immediately crucified just for AI use,” and that anti-AI efforts should instead be redirected to regulation.

“When I started out, I used the computer to help me read and write notes and compose. I can relate on that aspect of it,” he explained. “I understand people’s need for a tool. At the end of the day, it boils down to using it properly and ethically to communicate your story.”

The CISAC and PMP study, among others that will likely be developed as AI continues to rise, aims to serve as a guideline for policymakers and legislative bodies.

Moving forward, at least on the Philippine level, the current IP Code is clear that “only a natural person (i.e., a human being) can be considered as an author of a copyrighted work,” according to IPOPHL’s Mr. Cuyo.

This means that an AI program on its own cannot be considered as the author and copyright owner of any work it generates. “It’s not a natural person,” he explained.

The IP Code as it is has no room for complexities, such as whether or not the human who is using the AI program is wholly or partly considered an author and copyright owner of the AI-generated work.

According to IPOPHL, the challenge in formulating policies is being both “responsive to technological trends and rooted in the existing legal framework.” Alongside this challenge is a positive — the office reported that copyright registrations in the Philippines reached a record high in 2024, with 6,552 IP certificates issued.

Last month, IPOPHL’s acting director general Nathaniel S. Arevalo said in a stakeholders forum that AI readiness is now “a priority issue all the way to the top,” with an AI strategy currently in development. The Bureau of Copyright and Related Rights is the department carefully studying the legal and practical ramifications of AI on copyright protection.

For visual artist Ms. Lopez, the hope is for intellectual property offices not to “chase after the technology that’s already being established.” The same goes for labor laws surrounding the AI creative tech sphere, with those providing the “creative fuel” of the Gen-AI content market not getting compensated, she said.

Aside from being an unregulated system, many creatives also see AI as “a looming threat that devalues human creativity,” as per the economic projections of the CISAC and PMP study.

Musician and cultural writer Ms. Reodica concludes that all the technological innovations forwarded by big companies are, in the end, “market-driven developments,” though neither “technophobia nor tech purism” will equip creators with what is needed to keep up.

“We need to understand AI. That way, we can work towards technological innovations that actually serve us.”

Dining In/Out (01/22/26)


Six chefs present at Manila House

MANILA HOUSE will host “Fiesta Under the Stars,” a celebration of Filipino culture and culinary excellence, in an intimate open-air dining experience on the Avenue Deck on Jan. 31. The evening’s guests will meander from table to table through a tasting journey led by six of the country’s top chefs. “Fiesta Under the Stars” is centered around three ingredients — coconut, citrus, and chili — which will be featured in 18 bites, with each chef presenting three hors d’oeuvres: a starter, a main and a dessert. Participating chefs are Tatung Sarthou, Tina Legarda, Miggy Moreno, Reggie Aspiras, Jayjay Sycip, and Gel Salonga Datu. The event, to be held on Jan. 31, 5:30 p.m., at the Avenue Deck of Manila House in BGC, Taguig. It will be moderated by Ige Ramos and Shariff Pendatun. The evening costs P3,000 per person. Register here https://bit.ly/FiestaUndertheStars.


Philippine Cocktail Week sees bar collabs

PHILIPPINE Cocktail Week (PHCW), presented by Maya Black, has unveiled its full international lineup, confirming the largest and most globally awarded gathering of cocktail bars ever hosted in the Philippines. From Feb. 5 to 8, the city will welcome 28 of the world’s most celebrated cocktail bars and 28 of Manila’s finest local bars, unfolding across four nights and four neighborhoods. Unlike traditional cocktail festivals that center on a single venue or temporary showcase, Philippine Cocktail Week is conceived as a citywide experience, with simultaneous celebrations through BGC, Legazpi Village, Makati Cinema Square, Poblacion, Jupiter, Quezon City, and San Juan. Across four nights, internationally acclaimed bars step into Manila working alongside local bars, creating menus and experiences for one night only. The international lineup brings together some of the most respected names in the global scene, many consistently recognized by The World’s 50 Best Bars and Asia’s 50 Best Bars. Among them are COA (Hong Kong), Vesper (Bangkok), Bar Us (Bangkok), Zest (Seoul), Virtù (Tokyo), Hope & Sesame (Guangzhou), and Dry Wave Cocktail Studio (Bangkok). Further details, including international-local bar pairings and guest bartenders, are available via @philippinecocktailweek on Instagram. Maya Black cardholders can enjoy 20% cashback at all participating bars, alongside exclusive perks and seamless payments.


Brotzeit now open at Newport

A NEW restaurant specializing in Bavarian dining, Brotzeit, has opened in Newport Mall. It serves classic German dishes alongside traditional beer selections in a setting known for lively conversations and communal tables. It can be found at the second floor of Newport Mall in Pasay City.


Mang Inasal offers Spicy Pork BBQ until April

MANG INASAL extends the availability of its Spicy Pork BBQ up to April 30 to allow more customers to try this limited time offer. “We will continue serving the spicy Pork BBQ for another quarter. We initially announced a Jan. 15 cutoff, but we want more people to check out what a number of Mang Inasal customers have been raving about since we introduced the product in Q4 2025,” said Mang Inasal President Mike V. Castro in a press release.

Ignore gold’s message at your peril

STOCK PHOTO | Image by Scottsdale Mint from Unsplash

By Matthew A. Winkler

WHEN HE RAN for president in 2016, former Florida Governor Jeb Bush said Donald Trump is “a chaos candidate” who will be “a chaos president.” Bush was prescient. Yet what we didn’t know at the time was that the turmoil unleashed during Trump’s first term leading the US from 2017 through 2020 would be just a preview of the chaos that has marked his year-old second term.

For global financial markets, dealing with chaos means turning to gold, identified throughout history as protection against political instability, unbridled inflation, and currency depreciation.

Sure enough, after Trump imposed the highest tariff rates since the Great Depression in April on every country that trades with America, violating the Constitution’s separation of powers, betraying steadfast ally Canada, and prompting the dollar to depreciate more than 9% in its worst year since his initial White House term all while attacking the independence of the most important financial institution anywhere — the Federal Reserve — gold vanquished stocks, bonds, and currencies the world over.

In 2025 — Trump’s second first year in the newly-gilded Oval Office — gold soared 64%. In the recent history of the yellow metal, its performance was exceeded only by the 127% gain in 1979 when the Soviet Union invaded Afghanistan under Leonid Brezhnev, the General Secretary of the Communist Party. No stock market came close to matching that performance, least of all those in the US. Corporate America, for the first time since 2017, became an also-ran relative to the rest of the world, according to data compiled by Bloomberg. So, although the MSCI USA Index jumped 16.3%, it lagged far behind the 29.2% rally in the MSCI All-Country World Index excluding America. Returns on US bonds of all types also fell below their global peers. As for the dollar, it depreciated against all the world’s 16 most-traded currencies as tracked by Bloomberg.

To fully understand gold’s appeal, it’s important to note what else was happening at the end of the 1970s besides the Soviet Union’s invasion of Afghanistan. Back then, the Consumer Price Index surged 13.3%, the most since 1947. A revolution ended the reign of the US-backed shah in Iran and made Ayatollah Khomeini supreme ruler of the Islamic Republic. The ensuing Iran hostage crisis shook the world as US Embassy personnel were taken hostage in Tehran. The Sino-Vietnamese War between China and Vietnam raged and the Sandinista Revolution led to the overthrow of the Somoza regime in Nicaragua.

In many ways, the geopolitical upheaval seen around the world now is similar to those turbulent days of the late 1970s with one big exception: most of it originates from the White House. That helps explain why gold in 2025 reaped 48 percentage points more than the benchmark S&P 500 Index of US stocks, according to data compiled by Bloomberg. The last time gold was so precious was 2008 during the global financial crisis and before that in 2002 following the dot-com bust and Enron Corp., the largest bankruptcy and biggest audit failure in US history.

The greenback’s 9.4% depreciation in 2025 as measured by the US Dollar Index was the most since it lost 9.9% in 2017 at the start of Trump’s first term. It depreciated 13% in 2002 and 15% in 2003 when George W. Bush occupied the White House and led the US into a disastrous war in Iraq.

Where is demand for gold coming from? At least half a dozen central banks stepped up their purchases despite the rally in 2025, data compiled by Bloomberg show. The National Bank of Poland was the most active, buying gold every month last year and boosting its holdings to 17.5 million ounces (543.5 tons) in November from 14.5 million ounces in January, according to the Polish Press Agency. Poland was the second-largest purchaser globally in 2025, with gold accounting for 24% of the central bank’s foreign-exchange reserves at the end of September.

The National Bank of Kazakhstan was the largest buyer among central banks during the third quarter, increasing its gold reserves by 18 tons. That made it the largest purchaser for the year after Poland. The Central Bank of Iran increased its gold reserves by 37% during the year as it dealt with global sanctions on its economy and its currency depreciated. The Czech National Bank held a record 63.6 tons of gold at the end of July, a 25% increase since 2024. Central banks of the UAE, China, Ghana, and Kenya increased their holdings as much as 40% in 2025, according to data compiled by Bloomberg.

Beyond gold, it’s notable that the shares of companies that deal in semiconductors and defense were big gainers in 2025 as well. The VanEck Semiconductor exchange-traded index fund produced a 49.2% total return (income plus appreciation), the best among the 453 US-based mutual funds and ETFs investing in domestic equities with a minimum of $5 billion of assets and five years of history, according to data compiled by Bloomberg. The iShares US Aerospace & Defense ETF was the runner-up, returning 48.6%.

Their performance is no coincidence when you consider the persistent confusion under the 47th president, starting with his deference to Vladimir Putin in Russia’s war against Ukraine, Trump’s self-described takeover of Venezuela after kidnapping President Nicolas Maduro Moros and his wife, the verbal attacks on the Fed, including the newly revealed Department of Justice criminal  investigation of Chair Jerome Powell, and Trump’s ongoing threats to seize Greenland in contravention of the North Atlantic Treaty Organization. Then there’s the deployment of National Guard troops and Department of Homeland Security ICE forces into American cities and going door-to-door harassing, jailing, and killing American citizens in the pursuit of undocumented immigrants.

With all this chaos, the rally in gold shows no signs of losing its vigor. And at least Trump is doing his part to keep the momentum going, happily accepting as a gift the 24-carat gold plated medallion representing the Nobel Peace Prize from last year’s winner, Venezuelan opposition leader Marina Corina Machado.

BLOOMBERG OPINION

PHL financial system resources rise to P35.8 trillion as of Nov.

REUTERS

THE PHILIPPINE financial system’s resources climbed by 7.14% year on year as of end-November, with bulk of these held by banks, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Resources held by banks and nonbank financial institutions stood at P35.763 trillion at end-November, growing from P33.379 trillion a year earlier.

Month on month, this went up by 1.28% from the P35.312 trillion at end-October.

The financial system’s resources include funds and assets such as deposits, capital, and bonds or debt securities.

Broken down, banks’ resources reached P29.659 trillion at end-November, rising by 7.65% year on year from P27.551 trillion previously.

Universal and commercial banks recorded P27.567 trillion in resources, increasing by 6.91% from P25.785 trillion a year prior.

Thrift banks’ resources also jumped by 23.7% year on year to P1.42 trillion from P1.148 trillion previously.

Meanwhile, the resources of rural and cooperative banks grew by 1.53% to P505.9 billion as of November from P498.3 billion the prior year.

Lastly, digital banks had P165.9 billion in total resources, surging by 38.6% year on year from P119.7 billion.

On the other hand, latest available data from the central bank showed that nonbanks held P6.104 trillion worth of resources as of end-June 2025, up from P5.704 trillion a year prior.

Nonbank financial institutions include BSP-supervised investment houses, finance companies, security dealers, pawnshops and lending companies, as well as nonstock savings and loan associations, credit card companies, private insurance firms, and state-run pension funds.

John Paolo R. Rivera, a senior research fellow at the Philippine Institute for Development Studies said increasing deposits, balance sheets being shifted to low-risk assets, and stable demand for credit helped drive the increase in resources.

“(It) reflects continued deposit growth, balance sheet reallocation toward safer assets, and steady credit demand, particularly from households and select corporates, even amid slower growth,” he said via Viber.

“Banks benefited from higher deposits and investments in government securities, while nonbank financial institutions expanded through consumer finance, insurance, and capital market activities supported by financial deepening and digital channels.”

Jonathan L. Ravelas, a senior adviser at Reyes Tacandong & Co., said the sustained growth in resources signals confidence in the Philippine financial system.

“Households are saving more, firms are slowly borrowing again, and banks are deploying capital into higher-yielding securities,” he said in a Viber message. “It’s a sign the financial system remains liquid and resilient.” — Katherine K. Chan

SEC raises audit threshold to P3M to ease MSME burden

PHILIPPINE INFORMATION AGENCY

THE SECURITIES and Exchange Commission (SEC) has raised the asset and liability threshold for companies required to submit audited financial statements, easing compliance costs for micro, small, and medium enterprises (MSMEs).

“This reform recognizes the realities faced by micro enterprises, which often operate with very limited resources. By allowing the submission of certified financial statements in lieu of audited ones, we are making compliance more proportionate, allowing them to redirect their resources to growing their business,” SEC Chairperson Francisco Ed. Lim said in a statement on Wednesday.

“At the same time, the new threshold preserves accountability by requiring management to formally assume responsibility for the accuracy and integrity of their financial statements, ensuring that regulatory oversight remains firmly in place,” he added.

Memorandum Circular No. 4, Series of 2026 exempts both stock and nonstock corporations with total assets or liabilities not exceeding P3 million from submitting audited financial statements. Previously, only corporations below P600,000 were exempt.

Those below the new threshold must submit certified financial statements accompanied by a Statement of Management’s Responsibility (SMR).

The higher threshold applies to fiscal years ending on or after Dec. 31, 2025, while corporations with earlier fiscal year-ends continue to follow the previous threshold.

Stock and nonstock corporations must have SMRs signed under oath by the board chair, president or chief executive officer, and treasurer or chief financial officer, duly authorized by the board. One-person corporations must obtain signatures from the president and treasurer.

The SEC said that signatories bear full responsibility for the accuracy, completeness, and truthfulness of the submitted statements.

“Any incomplete, inaccurate, false, or misleading statements will be subject to penalties under the Securities Regulation Code (SRC) and the Revised Corporation Code (RCC), without prejudice to the Commission’s authority to require audited financial statements when necessary for investor protection, regulatory enforcement, or public interest,” the SEC said.

The new threshold excludes entities in Groups A, B, and C under Revised SRC Rule 68, as well as public interest corporations due to their regulatory duties and public significance.

Group A includes public companies with at least P50 million in assets and 200 or more shareholders holding at least 100 shares each, listed securities issuers, stock and securities exchanges, and self-regulatory organizations.

Group B covers issuers of registered timeshares and membership certificates, investment houses, brokers, dealers, government securities eligible dealers, and universal banks registered as securities underwriters.

Group C includes financing companies with over P10 million in prior-year assets, lending companies exceeding P5 million in prior-year assets, transfer agents, and non-stock non-profit corporations with fund balances above P25 million or receiving substantial annual donations.

Mr. Lim said the policy will ease business operations and reduce unnecessary compliance for micro entities, supporting the government’s inclusive economic development goals.

In October 2025, the SEC reported granting over P80 million in fee discounts across 40,157 transactions processed under three memorandum circulars issued from July to October, with more than half of the savings benefiting MSMEs. — Alexandria Grace C. Magno

Online ticketing scams on the rise amid booming demand for live entertainment, Kaspersky warns

SEBASTIAN-ERVI-UNSPLASH

GROWING DEMAND for live entertainment, coupled with the expansion of digital media and online ticketing, is opening new avenues for cybercriminals exploiting artificial intelligence (AI), cybersecurity firm Kaspersky warned.

“As ticketing scams become more sophisticated, it’s increasingly important for consumers to stay informed and cautious online, while the private sector and regulators continue working together to protect digital transactions,” Kaspersky Head of Sales for Asia Emerging Countries Sam Yan said in a statement on Tuesday.

AI-powered cyberthreats are a risk to online ticketing as threat actors create scams that look legitimate and are harder to detect, which puts consumers in danger, Kaspersky said.

Cybercriminals are taking advantage of high-demand events and time-sensitive purchases by creating fake ticketing websites, phishing links and fraudulent offers that try to copy legitimate websites, it said.

Also, with cybercriminals becoming more sophisticated by utilizing emerging technologies like AI, scam pages are becoming difficult to differentiate from authentic ones, it added.

“With the Philippine entertainment industry continuing to grow, cybersecurity must keep pace to help preserve consumer trust and safe digital experiences,” Mr. Yan said.

Consumption of digital entertainment and online transactions are also growing among Filipinos, which heightens the need for online safeguards, Kaspersky said.

“The risk is heightened during peak periods such as holidays, major concerts, and sold-out shows, when buyers are under pressure to act quickly and are more likely to lower their guard,” it said.

The Philippines’ high average of daily internet use and its 97.5 million internet users make Filipinos vulnerable to AI-driven breaches, according to a 2025 Meltwater report. — Ashley Erika O. Jose

Netflix will now pay all cash for Warner Bros. to keep Paramount at bay

LOS ANGELES — Netflix has switched to an all-cash offer for Warner Bros. Discovery’s studio and streaming assets without increasing the $82.7-billion price in a bid to shut the door on Paramount’s rival efforts to snag the Hollywood giant.

The new all-cash bid — at $27.75 a share — has unanimous support from the Warner Bros. board, according to a Tuesday regulatory filing. The new replaces its earlier cash-and-stock bid for $23.25 in cash and $4.50 in Netflix stock.

Both Netflix and Paramount Skydance covet Warner Bros. for its leading film and television studios, extensive content library and major franchises such as Game of Thrones, Harry Potter, and DC Comics’ superheroes Batman and Superman.

Paramount has altered its terms and engaged in an aggressive media campaign to try to convince shareholders that its bid is superior, but Warner Bros. has spurned the David Ellison-led company. It declined to comment Tuesday on Netflix’s all-cash offer.

Warner Bros. will hold a special investor meeting to vote on the Netflix deal, with the streaming pioneer saying that the meeting was expected to be held by April.

“Our revised all-cash agreement will enable an expedited timeline to a stockholder vote and provide greater financial certainty,” Netflix Co-Chief Executive Officer Ted Sarandos said in a statement.

Alex Fitch, portfolio manager for Harris Oakmark, the fifth largest investor in Warner Bros. with about 96 million shares as of Sept. 30, predicted the bidding war for Warner Bros. may not be over.

“This new agreement only ramps up the pressure,” said Mr. Fitch. “The changes show that Netflix is serious about winning, and the accelerated shareholder vote means Paramount needs to act with urgency. Now, it is up to Paramount to provide a clearly superior offer if they want to get this done.” — Reuters