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Biopsy won’t spread cancer, says medical expert

Image of a breast cancer cell, photographed by a scanning electron microscope. —WIKIMEDIA COMMONS/NATIONAL CANCER INSTITUTE

A medical oncologist debunked claims that a biopsy, a medical procedure used to accurately diagnose cancer, can cause the disease to spread or become more aggressive.

“It’s a very wrong notion,” Dr. Marvin Jonne L. Mendoza, medical oncologist at St. Luke’s Medical Center, said during a breast cancer awareness forum organized by AstraZeneca on Wednesday.

“The conduct of the biopsy is really very important…it enables us to know if the cancer is malignant or not,” Mr. Mendoza added.

After a cancer screening, such as a mammogram for breast cancer, a biopsy is usually performed to collect and examine a sample of tissue from a suspicious lump or lesion to confirm whether it is cancerous or benign.

Mr. Mendoza said the procedure is also necessary for oncologists as it allows them to determine the cancer’s pathology, or how the disease affects the patient’s body.

According to the American Cancer Society’s report, cancer spread after a biopsy, also called tumor seeding, is technically possible, but it occurs only in extremely rare cases and is far outweighed by the benefits of the procedure.

Tumor seeding may occur when the needle used during a biopsy touches the tumor and accidentally dislodges some cancer cells, which could then spread to nearby areas, the report said.

In a separate study that it cited, 42 patients were reported to experience tumor seeding after a prostate biopsy via a needle, most following transperineal procedures (through the skin between the scrotum and anus) and nine after transrectal procedures (through the rectum), with the overall incidence estimated at less than 1%.

However, it concluded that this complication is rare, and its actual incidence is currently difficult to quantify. It added that the benefits of the biopsy still outweigh any potential risks from seeding.

Mr. Mendoza urged people, especially women, to undergo early screening for breast cancer—the most common cancer in the country—and to have a biopsy if needed to ensure proper and timely treatment. — Edg Adrian A. Eva

EU approves 19th package of Russian sanctions including liquefied natural gas ban

A EUROPEAN UNION’S flag flutters outside the European Commission headquarters in Brussels, Belgium, Oct. 15, 2020. — REUTERS

BRUSSELS — EU countries approved a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas (LNG) imports, the Danish rotating presidency of the EU said on Wednesday.

“We are very pleased to announce that we have just been notified by the remaining member state that it’s now able to lift its reservation on the 19th sanctions package,” it said.

Slovakia was the final holdout after EU countries agreed on the final text last week. Slovakia’s Prime Minister Fico wanted assurances from the European Commission on high energy prices and aligning climate targets with the needs of carmakers and heavy industry. A Slovak diplomat said the country’s demands were met in new clauses added to the final communique for the EU leaders summit on Thursday.

“Consequently, a written procedure for Council approval has been launched. If no objections are received, the package will be adopted tomorrow by 8 a.m.,” it added.

The LNG ban will take effect in two stages: short-term contracts will end after six months and long-term contracts from January 1, 2027. The full ban comes a year earlier than the Commission’s proposed roadmap to end the bloc’s reliance on Russian fossil fuels.

The new package also adds new travel restrictions on Russian diplomats and lists 117 more vessels from Moscow’s shadow fleet, mostly tankers, bringing the total to 558. The listings include banks in Kazakhstan and Belarus, the presidency said.

EU diplomatic sources told Reuters that four entities linked to China’s oil industry will be listed but the names will not be made public until the official adoption on Thursday. These include two oil refineries, a trading company and an entity which helps in the circumvention in oil and other sectors.— Reuters

GDP growth likely below target in Q3

PHILIPPINE STAR/WALTER BOLLOZOS

By Katherine K. Chan

TYPHOONS and the ongoing corruption scandal involving government flood control projects may have led to slower economic growth in the third quarter, the University of Asia and the Pacific (UA&P) said.

In its latest The Market Call report released on Wednesday, UA&P said Philippine gross domestic product (GDP) likely grew by 5.2% last quarter, below the government’s 5.5-6.5% target.

“We project a GDP slowdown to a 5.2% year-on-year pace in (the third quarter) due to more weather disturbances and the popular uproar over the flood control controversy,” UA&P Senior Economist Victor A. Abola and economist Marco Antonio Agonia said.

This is slower than the 5.5% expansion recorded in the second quarter but would match the pace recorded in the same three-month period last year.

Third-quarter GDP data will be released on Nov. 7.

Economy Secretary Arsenio M. Balisacan earlier said growth might soften further in the third quarter due to typhoon-related disruptions but could still meet the lower end of the government’s goal.

Meanwhile, the UA&P economists said economic growth could pick up to 5.7% in the fourth quarter, which would bring the full-year average to the low end of the government’s goal.

Mr. Abola and Mr. Agonia said there are “positive signs of recovery” this quarter as they expect inflation to remain benign and average at just 1.6% in the three-month period, which would support domestic demand.

Headline inflation picked up to 1.7% in September, faster than the 1.5% clip in August but slower than the 1.9% seen in the same month last year. Still, this marked the seventh straight month that the consumer price index (CPI) was below the Bangko Sentral ng Pilipinas’ (BSP) 2-4% annual target.

For the first nine months, inflation averaged 1.7%, matching the BSP’s full-year forecast.

They added that the employment recovery seen in August also bodes well for growth. The country’s unemployment rate eased to 3.9% that month amid increased hiring activity in the agriculture and construction sectors, lower than the three-year high of 5.3% in July and 4% in the same month a year ago. However, the year-to-date jobless rate was a tad higher at 4.1% from 4% last year.

“Robust” remittances from overseas Filipino workers could also support consumption, they said, and exports also remain steady despite the tariffs imposed by the United States on Philippine goods.

Cash remittances rose by 3.2% to $2.977 billion in August, bringing the eight-month tally to $22.909 billion, up by 3.1% year on year. Filipinos abroad are expected to send more money home in the coming months amid the holiday season.

Meanwhile, the country’s exports climbed by 4.6% in August, slower than the 17.6% growth seen in July but faster than the 0.4% a year earlier. This led to the narrowest trade gap in six months at $3.54 billion.

MORE RATE CUTS
The UA&P economists also expect further monetary easing until next year as inflation remains low, which would provide more economic stimulus.

“With its view of ‘benign’ inflation until 2027, BSP will likely cut another 25 bps (basis points) before the end of 2025 to bring policy rates to 4.5%,” they said.

“More easing in 2026 should bring policy rates to 4% or lower by end-2026.”

The central bank sees inflation averaging 3.1% in 2026 and 2.8% in 2027, well within its 2-4% target.

The Monetary Board this month unexpectedly lowered benchmark borrowing costs by 25 bps for a fourth straight meeting, bringing the policy rate to 4.75%. It has now cut rates by a total of 175 bps since kicking off its easing cycle in August 2024.

BSP Governor Eli M. Remolona, Jr. said another reduction is possible at their last meeting this year on Dec. 11. He added that they could extend their rate cut cycle until next year as they now see the neutral nominal policy rate to be closer to 4% than their earlier projection of 5% as they see the need for a more accommodative stance as governance issues related to the corruption mess have led to softer growth prospects due to weakening investor sentiment.

Mr. Abola and Mr. Agonia added that lower benchmark rates would also support the Philippine bond market and ease the government’s interest payment burden.

Online gambling’s huge social costs outweigh ‘minimal’ economic contribution, DEPDev says

BW FILE PHOTO

By Kenneth Christiane L. Basilio, Reporter

THE PHILIPPINES’ economic planning department on Wednesday expressed its support for either an outright ban of online gambling operations or tighter regulations for the sector, a position that might give lawmakers impetus to crack down on the industry that has come under scrutiny due to its social impact.

The Department of Economy, Planning, and Development (DEPDev) said the electronic gaming industry contributed only about P81.6 billion or 0.37% to real gross domestic product last year, according to a technical brief submitted to a House of Representatives committee and obtained by BusinessWorld.

“Given its minimal contribution to the economy and vis-à-vis the significant social cost, we do support either its complete prohibition or stricter regulation,” DEPDev Director Desiree Joy O. Narvaez told lawmakers at a congressional hearing.

Online gambling has emerged as a growing concern in the Philippines amid rising cases of addiction, prompting lawmakers to file multiple bills in Congress seeking to either ban or tighten its regulation.

“Studies have found that people are more inclined to engage in online gambling due to its high accessibility, affordability, convenience, anonymity and the ability to participate in multiple gaming activities,” according to a DEPDev position paper signed by Economy Secretary Arsenio M. Balisacan.

About 32 million Filipinos —half of the country’s working-age population — gamble online, from 469,000 in 2018, according to government data.

The House Committee on Games and Amusement has yet to decide whether to endorse a full ban on online gambling or pursue stricter regulations, its chairman Cavite Rep. Antonio A. Ferrer said. However, most congressmen favor a total ban, he added.

“At the end of the day, this will be voted on. This is a numbers game,” Mr. Ferrer told reporters after the congressional hearing.

The House Games Committee would likely come up with a technical report that would be the basis of the consolidated bill on proposals that mandate either a total ban or tighter industry regulations before yearend, he said.

The Finance department shared the DEPDev’s support for stricter online gambling regulation while noting potential gains from the sector.

“The DoF (Department of Finance) recognizes the potential economic benefits arising from online gaming or electronic games… provided that the associated economic and social costs are mitigated through very stringent regulations,” Finance department Director Maria Karla L. Espinosa told the same hearing.

The Philippine Amusement and Gaming Corp.’s (PAGCOR) gaming income was at P40.5 billion in the first nine months of the year, Jessa Mariz R. Fernandez, an assistant vice-president at the gaming regulator’s licensing department, said at the hearing.

However, she said PAGCOR’s full-year earnings could fall short of the P60-billion target for this year as it has seen a “sharp” drop in income after the Bangko Sentral ng Pilipinas (BSP) in August ordered its supervised financial institutions, including electronic wallets, to remove all links to gaming or gambling platforms from their online apps.

“We felt a sharp decline in income — up to a 49% drop,” Ms. Fernandez said in Filipino. “One of the main factors we’re looking at is the delinking of the platforms from our payment e-wallets. We also observed a slight decline in the number of new players.”

Meanwhile, PAGCOR reiterated that a total online gambling ban could cause both operators and players to go underground, making it harder for authorities to police the industry.

“Such measures would not eliminate online gambling,” the state gaming regulator said in a position paper obtained by BusinessWorld.

“[It would] instead push players and operators towards unregulated platforms where player protection mechanisms, responsible gaming programs, anti-money laundering safeguards and government revenue contributions are altogether absent,” it added.

PAGCOR recommended that lawmakers remove its power to regulate the online gambling industry if the government moves to ban the industry to ensure the measure won’t have “constitutional infirmities.”

Ronald B. Gustilo, national campaigner for digital advocacy network Digital Pinoys, likewise said that a sweeping online gambling ban could end up encouraging more unregulated activities, noting what has happened following prohibitions on online cockfighting and offshore gaming.

“Up to this day, they are still operating, as if taunting the government if the state can completely eradicate their operations,” he said in a Viber message.

But with the government recognizing the industry’s harmful effects on society, it should clamp down on its operations, Hansley A. Juliano, a political science lecturer at the Ateneo de Manila University, said in a Facebook Messenger chat.

“There’s enough basis to already cast online gambling as a dangerous industry with its socioeconomic costs to the public,” he said.

It would be a “delicate balancing act” for the government to crack down on the industry, which is a massive revenue source that helps fund public social services, said Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp.

“There is a need to better manage the risk of social ills of gambling, especially easier access online, to align with global best practices in managing gambling operations onsite and online, while also taking into account the large government revenues for many years to partly fund for social services,” he said in a Viber message.

Batangas tourism thrives in the shadow of Taal Volcano

Tourists enjoy the sight of Taal volcano while walking around Picnic Grove in Tagaytay City, Feb.17, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN

By Edg Adrian A. Eva, Reporter

FOR CLUB BALAI ISABEL, a lakeside resort in Talisay, Batangas province, Taal Volcano, one of the Philippines’ most iconic natural landmarks, is both an economic lifeline and an ever-present risk.

“Taal Volcano is both a gift and a curse,” Chief Operating Officer Cecille Terrible told BusinessWorld in an interview. “It’s a blessing because it is a world-class beauty, a world-class treasure to be close to. But it has also been active since the 2020 eruption.”

Taal Volcano sits majestically in the heart of Batangas, its calm green waters and postcard-perfect crater having long defined the skyline of Tagaytay City and powered the province’s tourism and agriculture industries.

Yet beneath its beauty lies an unpredictable force that has repeatedly reshaped lives, economies and landscapes.

Taal’s power is as real as its beauty. Its last major eruption in January 2020 blanketed nearby provinces in thick ash and caused P3.4 billion in damage to infrastructure and agriculture across Batangas, Laguna and Cavite, according to the National Disaster Risk Reduction and Management Council (NDRRMC).

The volcano remains under Alert Level 1, with a minor phreatic eruption recorded as recently as this week.

The volcano’s eruptions have made Taal both a symbol of resilience and a source of recurring hardship for communities that live around it.

Batangas recorded about nine million tourists in 2022, nearing pre-pandemic levels after peaking at 13.5 million in 2018, according to data from the Cavite Provincial Tourism Office. Much of that tourism is anchored on Taal Volcano, which dominates the view from Tagaytay City.

Originally designed as a residential subdivision, Club Balai Isabel transitioned into a resort in 2007 to meet rising demand from local and international visitors. It now spans 14 hectares, making it one of the biggest properties around Taal Lake.

When Taal erupted in 2020, the resort was buried in ash. “All the trees were destroyed, and we looked like a vast wasteland,” Ms. Terrible said.

The resort reopened a month later but has continued to face cancellations whenever Taal’s alert level rises. “Every time there’s a scare, people cancel. They get scared to come,” she said.

To address this, Club Balai Isabel now works closely with the Philippine Institute of Volcanology and Seismology to provide guests with real-time updates and educational materials on volcanic alert levels.

The town of Taal, known for its heritage houses and ancestral architecture, also bore the brunt of the 2020 eruption.

“It really became a ghost town,” Jocelyn Villavicencio Joven Quiblat, owner of Villavicencio Wedding Gift House, one of Taal’s most prominent ancestral homes, said in an interview.

A report by the Batangas Provincial Tourism and Cultural Affairs Office showed that tourism sites within 14 kilometers of Taal Volcano suffered P86.5 million in damage and P123.2 million in losses after the 2020 eruption. Cultural sites reported an additional P2.8 million in damage.

The Villavicencio house, fortunately, escaped significant destruction. Ms. Quiblat said that while the disaster disrupted tourism, Taal Volcano remains a defining part of their identity.

“It’s still a gift to our province,” she said. “Because the town shares its name with the volcano, people recognize us more — it draws visitors back.”

ENDEMIC SARDINE
Beyond tourism, Taal Lake sustains thousands of fisherfolk and farmers. It is home to sardinella tawilis, the world’s only freshwater sardine, found exclusively in this lake.

In 2021, Taal Lake’s fisheries produced about 1,000 metric tons of fish, with tawilis accounting for almost half, based on data from the National Fisheries Research and Development Institute.

Fishing in Taal Lake has been a key livelihood source for almost five decades for Jessie Dano Nabor, 61, from Agoncillo town. While the tawilis was declared an endangered species in 2019, Mr. Nabor said his daily catch had not declined dramatically.

But the 2020 eruption paralyzed their operations for months. “We couldn’t fish properly, and the Philippine Coast Guard did not allow us to,” he told BusinessWorld in Filipino. “The risks were too high.”

The NDRRMC estimated that fisheries suffered P1.6 billion in losses, the heaviest hit among agricultural sectors. High-value crops followed with P1.4 billion in losses, while livestock and rice sustained smaller damage.

The Department of Agriculture allotted P468 million from its quick-response fund in 2020 and P100 million in 2022 to support rehabilitation.

Still, Mr. Nabor said aid alone is not enough.

“What we really need are more buyers,” he said. “Most of us only sell to people who make dried fish. If there were a factory that could make canned tawilis, our income would increase.”

For Batangas residents, coexisting with Taal Volcano means balancing opportunity and danger. The volcano’s fertile soil supports agriculture, its lake fuels fisheries, and its scenery sustains tourism. But each tremor or wisp of smoke reminds locals of how fragile those gains are.

Taal has erupted more than 30 times in recorded history, with major events in 1754, 1911, 1965, and 2020. Each eruption reshaped the terrain and forced communities to rebuild from the ashes.

Five years after its most recent major eruption, Batangas continues to rebuild while keeping one eye on the horizon — and another on the volcano that both threatens and defines it.

“Taal Volcano has always been the centerpiece of our tourism campaign,” Ms. Terrible said. “It’s an ecological wonder, so people will keep coming back to the volcano and the lake.”

More US capital flowing to Asia as dollar weakens

A US dollar note is seen in this June 22, 2017 illustration photo. — REUTERS

GLOBAL INVESTORS with heavy US exposure are steadily shifting more capital to Asia as the dollar loses steam and the region’s fundamentals shine, according to the co-chief executive officer of KKR & Co.

While the rebalancing doesn’t amount to a US retreat, global investors are channeling their “incremental dollar” to Asia, where capital raising and data-center infrastructure are emerging as major themes, Joe Bae said. The region’s institutions remain underweight in alternative investments, and its vast household savings offer a major source of capital, he said.

“As the dollar weakens and other markets like Asia continue to have these fundamental tailwinds in terms of growth, you’re going to see people diversify their portfolios more and more to Asia over time,” Mr. Bae said in a Bloomberg Television interview with Haslinda Amin.

The New York-based buyout giant is ramping up in Japan, deploying capital at five times the pace of a decade ago, making it KKR’s most active investment destination outside the US. Japan is now its largest Asian market, accounting for 40% of regional assets.

With $14 trillion in household wealth, half still in cash, the country offers rich opportunities as savers move into new asset classes, Mr. Bae said.

Japan’s new Prime Minister Sanae Takaichi shares many of the economic views of former leader Shinzo Abe, who championed the reflationary policies known as “Abenomics.” Ms. Takaichi has long backed increased government spending to spur growth and has criticized the Bank of Japan for moving to tighten monetary policy. Mr. Takaichi won a parliamentary vote Tuesday to become the first woman to clinch the nation’s top leadership job.

“Our hope and expectation is this new prime minister will be committed to that same reform path,” Mr. Bae said, in an interview from Singapore aired Wednesday. “If that happens, I think the future is very, very bright for Japan.”

The asset manager is also doubling down on India, its No. 2 Asian market. KKR is making bets on toll roads, renewables and digital infrastructure as the country’s demographics, consumption and manufacturing boom fuel demand. India will be one of KKR’s largest destinations for infrastructure capital going forward, he said.

CHINA WARY
While Asia stands to be a key beneficiary of global diversification, major North American investors remain wary of China amid elevated US tensions and lingering losses from the government’s earlier crackdown on private enterprise. As recently as 2020, China accounted for more than half of Asia-Pacific’s deal value, but its share fell to just 27% in 2024, according to Bain & Co.

Investor sentiment toward China won’t truly turn around until private equity firms see a clearer path to monetization, Mr. Bae said. Given the current geopolitical climate, the “aperture of what’s investible for us today is a little bit more narrow than what it was.”

Exiting investments will be the key catalyst for China in the near term, though the outlook remains subdued. Most of the activity over the next three to five years will consist of private equity firms doing deals with each other, as strategic buyers take longer to return. Still, KKR remains focused on domestic consumption and value-added services, which Mr. Bae said continue to be China’s investment sweet spot.

“We’ve definitely not pulled back from China in terms of our commitment there,” he said. KKR recently completed a control buyout of Dayao Beverage, China’s largest homegrown soft drink brand, in a deal valued at about $2 billion, according to Mr. Bae. — Bloomberg

Philippine data center capacity may hit 1.5 GW by 2028 — DICT

BW FILE PHOTO

By Ashley Erika O. Jose, Reporter

THE PHILIPPINES’ data center capacity could reach 1.5 gigawatts (GW) by 2028 as more operators, both local and foreign, set up facilities in the country next year, the Department of Information and Communications Technology (DICT) said.

“We will likely reach more than 1 GW,” ICT Secretary Henry Rhoel R. Aguda told BusinessWorld on the sidelines of Equinix, Inc.’s data center launch on Wednesday. “The private sector is committing 1.5 GW (by 2028)… It is a matter of attracting as many companies as possible to set up here.”

Equinix, a global digital infrastructure company, opened its data centers in the Philippines. The facility provides high-speed interconnection services that give enterprises direct access to networks, cloud platforms and artificial intelligence (AI) service providers through a secure private network.

Mr. Aguda said the additional capacity is expected to come in starting next year, as several foreign hyperscalers and local developers have shown interest in expanding in the Philippines.

The Philippines is becoming a strategic location for data centers, driven by our strong digital economy, improving connectivity and large consumer base, the DICT said earlier.

Mr. Aguda said the agency is set to conduct an investment mission to the US to promote the country as a data center hub. They seek to attract two or three new large-scale operators next year, with a combined capacity of about 200 megawatts (MW).

The country’s total operational data center capacity stands at about 200 MW. He said the momentum is growing, and more developments are expected in the next few years.

VITRO, Inc., the data center unit of the PLDT Group under ePLDT, Inc., is building its 12th data center in General Trias, Cavite, which will be its biggest to date.

The facility will have a capacity of 100 MW — double that of its 50-MW VITRO Sta. Rosa campus in Laguna, now the biggest in the country.

Mr. Aguda said power and connectivity will not be major issues in supporting the industry’s growth.

“We have a lot of renewables and LNG (liquefied natural gas), so power will not be a major issue,” he said. On the connectivity side, the Philippines has an expanding fiber backbone and multiple submarine cable links, he added.

The DICT earlier said the Philippines is emerging as one of the region’s top data center locations, with strong demand for cloud, fintech, e-commerce and AI services.

Its strategic geographic position, growing pool of digital talent and government initiatives to improve broadband infrastructure make it increasingly attractive to global operators.

PHL flexible workspace market expands as firms seek adaptability

STOCK PHOTO | Image by Radowan Nakif Rehan from Unsplash

By Alexandria Grace C. Magno

THE PHILIPPINES’ flexible workspace industry is growing rapidly as companies and workers increasingly prefer adaptable office setups over long-term leases, Colliers Philippines said.

In a report released on Wednesday, the property consultancy said the concept of flexible workspaces has changed from a niche offering in the 1990s to a mainstream solution, driven by technology adoption, shifting workforce needs and changing business models.

“Once concentrated in Bonifacio Global City (BGC) and the Makati central business district, operators began expanding into Ortigas Center and Quezon City in response to growing demand outside traditional business districts,” Colliers Director and Head of Office Services–Tenant Representation Kevin Jara, said in the report.

“From just 10,000 square meters (sq.m.) in 2011, flexible workspaces grew at an annual rate of about 30%, reaching 236,000 sq.m. by the end of 2019,” he added.

The sector’s early momentum came largely from startups, freelancers and small-to-medium enterprises drawn to cost-efficient and scalable space options.

The pandemic and the rise of hybrid work further accelerated demand for flexible setups that can easily adjust in size depending on workforce levels.

Colliers said operators are now exploring new business models, moving away from traditional lease arrangements toward joint ventures or management contracts with landlords.

Metro Manila remains the main hub for flexible offices, particularly in BGC and Makati. But inquiries for spaces in provincial cities are rising, as firms seek to locate closer to employees, tap regional talent and reduce dependency on congested urban centers.

This growing provincial interest offers significant opportunities for expansion, especially in areas with limited traditional office supply, Mr. Jara said. Colliers is also seeing operators repurpose unconventional spaces like malls, hotels and residential properties, and even parking structures into flexible work environments.

Colliers noted that while the pandemic caused vacancy rates to spike to 41% in 2020, the market has steadily recovered. As of the third quarter, Metro Manila’s flexible workspace supply reached 267,000 sq.m., with vacancy easing to about 21%.

Natural disruptions have also influenced the market. Typhoons, floods and brownouts have encouraged firms to use flexible offices as backup sites for business continuity.

“These workspaces provide ready-to-use locations that can be activated during emergencies,” Colliers said. “Some flexible-workspace providers also offer workspace recovery plans, ensuring uninterrupted access to professional environments during natural disruptions.”

To stay competitive, operators are expanding their service offerings beyond desk rentals. Many now provide managed offices, wellness amenities, and employer of record services to help global firms enter the Philippine market and manage local compliance.

SLMC Bonifacio Global City MAB Corp. to hold Annual Stockholders’ Meeting on Nov. 7 via teleconference

 

 


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Voltai launches motorcycle battery swap network

GLOBAL.HONDA

ABOITIZ POWER CORP. (AboitizPower) on Wednesday said its startup venture Voltai has launched the country’s first large-scale motorcycle battery swap ecosystem, aiming to help businesses with fleet operations reduce downtime and fuel costs while supporting the country’s clean energy transition.

In a statement, AboitizPower said the system is tailored for enterprises in logistics, food and beverage delivery, and ride-hailing services, which rely heavily on two-wheel fleets.

Voltai’s model lets businesses lease electric motorcycles and batteries for a fixed fee. Riders can exchange a depleted battery for a fully charged one in seconds at Voltai’s battery swap stations, eliminating the need for long charging times.

Through a dedicated mobile application, users can track battery health, find the nearest swap station and get navigation support through Google Maps.

Meanwhile, fleet managers can monitor performance via a web-based Fleet Management System, which provides real-time data on vehicle location, trip history, mileage, alerts and carbon emission reductions.

Voltai operates under 1882 Energy Ventures, a unit of AboitizPower focused on developing energy technologies that promote decarbonization and decentralization of the country’s energy system.

“As a business-to-business solution, it addresses downtime, frequent maintenance and fuel cost challenges for fleet businesses and riders, while also providing remote visibility on utilization,” Fazlur Abdul Rahman, head of ideation at 1882 Energy Ventures and Voltai’s co-founder and chief executive officer, said in the statement.

Voltai has partnered with Cleanfuel and MyTown, a co-living and dormitory brand, to host 15 battery swapping stations across key areas in Metro Manila — the biggest two-wheel electric vehicle (EV) swap network in the country.

The company plans to expand its coverage next year to other parts of Metro Manila and nearby provinces.

Mr. Rahman said the launch aims to help fleet operators in the Philippines reduce expenses, improve efficiency and cut emissions without making large upfront investments.

The Electric Vehicle Industry Development Act requires both government and corporate fleets to allocate at least 5% of their vehicles to EVs, supporting efforts to mainstream electric mobility in the Philippines. — Sheldeen Joy Talavera

Exclusive seafood

Get free sushi, priority on holidays, discounts and more with Cold Storage membership card

COLD STORAGE is releasing a membership card for loyal customers, just in time for the holiday rush.

During a launch in Cold Storage’s San Juan branch on Oct. 14, Marco Qua, president of Cold Storage and son of Cold Storage founder Mariano Qua said in a speech, “With this membership, you’ll enjoy exclusive discounts, promos, and deals; a free sushi platter upon registration, and even a birthday treat during your birth month; as well as special advantages like a priority lane for holiday orders, and special invitations to product launches and events.”

These privileges include 10% off on orders, invitations to exclusive classes, as well as a sushi platter upon registration and on your birthday month. Members will also get to join their grand raffle next year, the grand prize of which is a trip for two to Japan.

Customers can avail of the membership card for free with every P5,000 worth of purchases (single or accumulated receipts). Once registered, members immediately enjoy all the perks and their Welcome Free Sushi Platter.

In an interview with BusinessWorld, Mr. Qua said that the idea for the card came from (literal) calls from their loyal customers. Several of their loyal customers and friends would shop for seafood at the store, then he would have to receive calls asking for approvals for discounts. “Let’s give our loyal customers (membership), so they won’t need to call me every single time,” he said. “We launched this program for them.”

Cold Storage, which blast-freezes imported seafood for sale in the Philippines, was founded in 1996. As they approach their 30th anniversary, Mr. Qua talks expansion and legacy. While their products are already available in Cebu and Davao supermarkets, they’re looking at opening branches in those cities (to join the present San Juan and Banawe, Quezon City branches).

“We’re very happy that we get to continue his (my father’s) legacy,” he said. “We’re 30 years by next year.”

“I think we’re doing something right.”

To avail the membership card and deals, interested parties can visit the Cold Storage branches in 216 Wilson St., San Juan City and 764 Banawe St., Quezon City. — Joseph L. Garcia

Meralco partners with US firm Itron for smart meter rollout

PHILSTAR FILE PHOTO

MANILA ELECTRIC CO. (Meralco) has partnered with US-based Itron, Inc. to support the deployment of smart meters as part of its grid modernization program.

Under the deal, Itron will provide its advanced metering infrastructure solutions to help the power distributor enable near real-time, two-way communication between its operations and customer endpoints.

The system allows faster power failure detection and restoration, improved billing accuracy and better transparency in electricity use, Meralco said in a statement on Wednesday.

The advanced metering infrastructure network will use an open, IPv6-based system that combines mesh and cellular connectivity, supporting both smart metering and other smart grid applications.

Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho said the partnership supports the company’s push to enhance customer service and system reliability.

“This technology will allow us to provide customers with greater visibility into their energy use and faster response to outages,” he said.

The initial phase will cover 73,000 endpoints across Metro Manila, with plans to expand across Meralco’s franchise area.

Itron Senior Vice-President of Networked Solutions John Marcolini said the system is designed to accommodate multiple meter brands, letting Meralco scale up without being tied to a single vendor.

“For a utility with such a large and diverse service territory, that flexibility is essential to future-proofing deployments and reducing total cost of ownership,” he said. 

Founded in 1977, Itron supplies intelligent infrastructure and metering technologies to utilities and cities in more than 100 countries.

Meralco, the country’s biggest power distributor with 8.1 million customers, aims to shift 11 million customers to advanced metering infrastructure by 2034.

Meralco’s controlling shareholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera