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GWM Tank 700 Hi-4Z available on indent order

The GWM Tank 700 Hi-4Z was just recently unveiled globally in China. — PHOTO BY KAP MACEDA AGUILA

THE KEY message of GWM at the Manila International Auto Show was the brand’s global philosophy: “All Powertrains, All Scenarios, All Users.” It showcased two zones: Technology and Adventure — the former highlighting GWM’s new-energy vehicle innovations, and the latter “demonstrating the brand’s capability to deliver versatility and performance across different terrains and lifestyles.”

Taking center stage was the GWM Tank 700 Hi-4Z, the brand’s hero model recently just launched in China. Available on indent order, the Philippines is the first market outside China to feature the model. “We are seeing a strong response to GWM’s direction — one that focuses on innovation, efficiency, and real-world usability,” said GWM Philippines Brand Head Dax Avenido. “This reinforces our commitment to continue listening to the market and delivering solutions that truly matter to Filipino drivers.”

K-pop’s biggest labels consider creating Coachella-style global festival

SEOUL — South Korea’s biggest Kpop agencies are in talks to join forces on a global music festival that could bring together the industry’s top stars, in what some local media have billed as a Korean version of the mega US festival Coachella.

HYBE, SM Entertainment, YG Entertainment, and JYP Entertainment said in a statement they are preparing to set up a joint venture to develop the “Fanomenon” event, a large-scale festival aimed at showcasing Korean popular culture to a global audience.

The talks also involve the government’s Popular Culture Exchange Committee, as the companies look for new ways to expand K-pop’s global footprint through industry-wide cooperation rather than individual company projects.

Fanomenon — a term combining “fan” and “phenomenon” — was unveiled last year by JYP founder Park Jin-young, who co-chairs the committee.

At its launch in October, Mr. Park said the ambition was to create a recurring mega festival starting in South Korea and eventually touring cities worldwide, with the aim of rivaling leading international music festivals such as Coachella.

Under Mr. Park’s vision, the festival could begin as early as 2027 in South Korea, followed by overseas editions from 2028, featuring a broad lineup spanning K-pop and other elements of Korean popular culture.

The discussions come amid a broader push by President Lee Jae Myung to promote the K-pop industry, after assigning Mr. Park to spearhead those efforts and pledging strong government backing while staying out of artistic decisions.

The companies stressed, however, that discussions remained at an early stage and no concrete business plans, schedules or operating structures had been finalized. They said the joint venture was being considered as a possible model for cooperation and that required procedures, including filing with the Fair Trade Commission, were under way.

Decisions will be made cautiously as talks continue, the companies said, taking into account market conditions and views across the industry. — Reuters

Ride-hailing firms cut commissions amid higher fuel costs

PHILIPPINE STAR/ MICHAEL VARCAS

MOTORCYCLE TAXI and ride-hailing firms have agreed to temporarily reduce commission rates as fuel costs rise, in a move that could ease pressure on drivers but weigh on platform margins.

The Land Transportation Franchising and Regulatory Board (LTFRB) said several transport network companies (TNCs) lowered their commission rates following calls to provide relief to driver-partners amid higher fuel prices linked to the ongoing conflict in the Middle East.

“This is really commendable and I extend my sincerest gratitude to these TNCs for heeding the call to give their share in helping the public transport sector. This will help our TNVS partners now that diesel and gasoline prices are very high,” LTFRB Chairman Vigor D. Mendoza II said in a media release on Sunday.

Motorcycle taxi providers JoyRide, Angkas, and Maxim reduced their commission rates to 18% from 20%, while Move It lowered its rate to 15% from 21%. Para Xpress and GrabBike also set their commission rates at 15%, according to the regulator.

For TNCs, the LTFRB said commission reductions would be capped at a maximum of 10 percentage points.

Ride-hailing firm Grab reduced its commission to 15% from 20%, while inDrive lowered its rate to 8.92% from 10%. JoyRide cut its commission to 10% from 20%, and AngCars reduced its rate to 8% from 10%.

Meanwhile, Lalamove Rides, Go Cab, and Pure Ride have temporarily waived commissions until further notice. — Ashley Erika O. Jose

Building a future-ready health workforce through upskilling

STOCK PHOTO | Image by Benzoix from Freepik

As the country marks World Health Worker Week, it is fitting to recognize the dedication and sacrifice of Filipino healthcare workers, scientists, and researchers who serve as the backbone of our health system. Beyond recognition, however, is a more urgent imperative which is investing in their continuous development. Upskilling health professionals and researchers, particularly in low- and middle-income countries like the Philippines, is critical to strengthening health systems, advancing innovation, and ensuring equitable access to quality care.

Healthcare is evolving at an unprecedented pace. New therapies, diagnostics, and technologies are rapidly transforming how diseases are detected, treated, and prevented. For Filipino health professionals, keeping pace with these developments is essential. Continuous learning enhances diagnostic accuracy, improves treatment outcomes, and ensures that patients benefit from the latest medical advances. It also enables practitioners to integrate digital health tools such as telemedicine and artificial intelligence-driven diagnostics into everyday clinical practice, helping bridge gaps in access, especially in underserved and geographically isolated communities.

Upskilling is equally vital to the country’s preparedness for health emergencies. The COVID-19 pandemic underscored the importance of a workforce that can rapidly detect, monitor, and respond to emerging infectious diseases. Strengthening laboratory, epidemiological, and surveillance capabilities among local professionals reduces response time and improves outbreak containment. A well-trained and adaptable workforce builds resilience, ensuring that the Philippines is better equipped to manage future pandemics and public health crises.

Beyond clinical care, upskilling plays a pivotal role in strengthening the country’s research ecosystem. Empowering Filipino researchers with advanced skills enables them to conduct context-specific studies that reflect local disease burdens and population needs. This, in turn, supports evidence-based policymaking and more responsive health interventions. Building local research capacity also fosters greater self-reliance in drug development, clinical trials, and public health innovation. These are areas where global collaboration remains important, but local leadership is indispensable.

Equally important, sustained investment in skills development helps address the persistent challenge of brain drain. By providing clear career pathways, professional growth opportunities, and avenues for leadership, the country can retain its most talented clinicians and scientists. At the same time, it positions Filipino experts to contribute meaningfully to global health discussions, ensuring that local perspectives are represented in international policy and scientific discourse.

Government institutions have taken important steps in this direction. The Philippine Council for Health Research and Development (PCHRD), under the Department of Science and Technology (DoST), continues to implement scholarship, fellowship, and training programs aimed at strengthening the capabilities of Filipino scientists and researchers. These initiatives focus on graduate education, research capacity-building, and institutional development, laying the groundwork for a more robust health research ecosystem.

Complementing these efforts is the DoST’s Accelerated Science and Technology Human Resource Development Program, which seeks to enhance the country’s global competitiveness by accelerating the development of high-level human resources in science and technology, particularly in research and development. Meanwhile, the Commission on Higher Education launched the Higher Education Upskilling and Study for Advancement of Staff and Faculty (HUSAY) Program in December 2025, further expanding opportunities for reskilling and upskilling across the higher education sector.

One of HUSAY’s initial initiatives, the University of the Philippines Manila Bio-Health Education, Artificial Intelligence-Enabled Capacity Building, Optimization, and Innovation (BEACON) Program, reflects the growing importance of interdisciplinary skills. By strengthening competencies in ethics, institutional integrity, and the responsible use of artificial intelligence in teaching and research, BEACON prepares educators and researchers for the evolving demands of modern healthcare and academia.

The research-based pharmaceutical industry also plays a critical role in advancing capacity building. Through global partnerships, training programs, and knowledge-sharing initiatives, the industry helps strengthen research skills, regulatory understanding, and healthcare delivery systems, particularly in developing countries.

In the Philippines, the Pharmaceutical and Healthcare Association of the Philippines (PHAP) reinforces this commitment through its Code of Practice, which is aligned with global standards and national laws. The Code ensures that engagements with healthcare professionals uphold ethical principles, preserve clinical independence, and remain firmly grounded in patient welfare.

PHAP member companies further demonstrate their commitment to professionalism through initiatives such as the Integrity and Proficiency Program for the Pharmaceutical Sector (IPPS), accredited by the Professional Regulation Commission. Since its inception in 2015, the program has produced close to 7,000 certified medical representatives, reflecting sustained efforts to uphold high standards of ethics and competence across the sector.

As the Philippines advances its Universal Health Care agenda, investing in people must remain at the center of reform. Health systems are only as strong as the workforce that sustains them. Breakthroughs in diagnostics, innovative treatments, and effective health policies depend on professionals who are equipped with the right skills, knowledge, and values.

Upskilling is a strategic investment in the country’s health security, economic resilience, and global competitiveness. By empowering Filipino health professionals and researchers, we not only strengthen our healthcare system but also ensure better health outcomes for every Filipino.

 

Teodoro B. Padilla is the executive director of the Pharmaceutical and Healthcare Association of the Philippines which represents the biopharmaceutical medicines and vaccines industry in the country. Its members are at the forefront of developing, investing and delivering innovative medicines, vaccines and diagnostics for Filipinos to live healthier and more productive lives.

Affordable sedan: MG5 Prestige, P888,888

PHOTO FROM MG MOTOR PHILIPPINES

MG MOTOR PHILIPPINES presented the new MG5 Prestige, described as “a more refined and feature-rich evolution of the popular compact sedan designed for everyday driving.” Powering the car is a 1.5-liter DVVT gasoline engine with CVT, delivering 110ps and 142Nm while meeting Euro VI emission standards. The MG5 Prestige measures 4,607mm in length, 1,818mm in width, and 1,489mm in height; its 2,680-mm wheelbase “translates to improved cabin space and ride comfort.”

It gets automatic projector LED headlights with daytime running lights and 16-inch two-tone alloy wheels.

Aboard is a 10.25-inch infotainment system with Apple CarPlay and Android Auto, plus rear A/C vents and USB charge ports for passenger comfort. Other features are projector LED headlights, power sunroof, reverse camera with dynamic guidelines, cruise control, and a 512-liter trunk. The all-new MG5 Prestige is available for viewing and test drives at all authorized MG dealerships nationwide.

BSP bills’ yield drops on strong demand

Photo by Patrickroque01 | WIKiMEDIA COMMONS

THE BANGKO SENTRAL ng Pilipinas’ (BSP) short-term securities fetched a lower average rate again on Friday as demand for the offer remained high.

Total bids for the 28-day BSP bills reached P117.768 billion, nearly twice the P60 billion placed on the auction block and slightly higher than the P117.7 billion tenders seen for the P40 billion offered in the previous auction.

The bid-to-cover ratio was at 1.9628 times, down from 2.9425 in the prior week.

Still, the BSP fully awarded its P60-billion offering.

Accepted yields were at the 4.29% to 4.35% range, narrower and lower than the 4.333% to 4.443% band fetched a week prior. This caused the weighted average accepted rate for the 28-day bills to go down by 2.85 basis points week on week to 4.3391% from 4.3676%.

The BSP has not auctioned off the 56-day bills since Nov. 3.

The central bank uses the BSP securities and its term deposit facility to mop up excess liquidity in the financial system and to help guide short-term market yields towards its policy rate.

The BSP bills also contribute to improved price discovery for debt instruments while supporting monetary policy transmission.

The central bank began auctioning off short-term securities weekly in 2020, initially offering only a 28-day tenor and adding the 56-day bill in 2023.

In its February 2026 Monetary Policy Report, the central bank said it has limited its BSP securities offerings to a single tenor to rationalize its liquidity operations and focus on tenors that would boost monetary policy transmission.

As of mid-February, the central bank’s monetary operations have siphoned off P1.2 trillion in liquidity from the market. Of this, 28.5% was absorbed through BSP securities, while 44.4% were done through overnight reverse repurchase facility, 18.2% via the overnight deposit facility, and 9% from the term deposit facility. — Katherine K. Chan

Colombia banana exports expected to fall 5% in 2026 after heavy rains

REUTERS

BOGOTA — Colombia’s banana exports are expected to fall 5% in 2026 after heavy rains flooded plantations in the northwestern Uraba region, an industry official said, following a record 2025 performance.

The sector exported a record 133 million 20-kilogram boxes last year, driven by favorable weather and higher productivity, making Colombia the world’s fourth-largest exporter.

Flooding hit 1,200 hectares of banana plantations in the Uraba region during the first two months of 2026, reducing expected output, Emerson Aguirre, president of the banana growers association said.

Colombia has 52,943 hectares planted with bananas across the country.

2025 export value jumped 27.6% to $1.31 billion as volume rose 22% and productivity climbed 21.6% through improved fertilization.

The European Union was the top market (65.8%), followed by the US (17.3%) and the UK (13.6%).

Bananas are Colombia’s third-largest agricultural export, supporting over 200,000 direct and indirect jobs. — Reuters

Philippines retains ‘partly free’ status in global freedom report

The Philippines maintained its “partly free” status with an overall score of 58 out of 100 in the 2026 edition of the annual Freedom in the World report by US nonprofit organization Freedom House. The report assesses the condition of political rights and civil liberties across 195 countries and 13 territories.

How PSEi member stocks performed — April 17, 2026

Here’s a quick glance at how PSEi stocks fared on Friday, April 17, 2026.


US-Iran conflict to keep market sentiment wary

BW FILE PHOTO

PHILIPPINE SHARES may move sideways this week as investors continue to await news of progress in negotiations between the United States and Iran as the Middle East conflict drags on.

On Friday, the Philippine Stock Exchange index (PSEi) fell by 1.06% or 64.56 points to close at 5,999.13, while the broader all shares index went down by 0.7% or 24.03 points to end at 3,374.78.

Week on week, the bellwether index dropped by 99.08 points from its April 10 finish of 6,098.21.

“The market retreated as early recovery attempts resulting from sequel US-Iran talks and Israel-Lebanon’s 10-day ceasefire were doused by supply pressure Friday. Investors remain concerned over heightened risks from an uncertain geopolitical terrain,” online brokerage 2TradeAsia.com said in a note.

“Investors took profits after a two-week rally, causing the local market to pull back last week. This shows that investors are still moving with caution as economic risks remain due to the war in the Middle East,” Philstocks Financial, Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message. “While ceasefire agreements spark hopes of negotiations, investors are also aware that tensions may still reignite.”

For this week, Mr. Tantiangco said the market could move higher on news amid the reported progress in the US-Iran talks.

“Positive developments, primarily ones pointing to a deal between the US and Iran, are expected to drive the local market higher. However, lack of such, more so a deterioration of the situation between the two, is expected to bring the market lower.”

However, the market remains bearish, as shown by PSEi’s slide back below the 6,000 mark, he said.

For its part, 2TradeAsia.com put the PSEi’s immediate support at 5,800, resistance at 6,050, and secondary resistance at 6,300.

“We anticipate sustained pressure on the peso, a weakened government balance sheet, and a slowdown in remittances due to Middle East concentration risk. With runaway inflation pressures keeping interest rates elevated, the risk of stagflation is high,” it said.

Iran’s top negotiator said recent talks with the US had made progress but gaps remained over nuclear issues and the Strait of Hormuz, while President Donald J. Trump cited “very good conversations” with Tehran despite warning against “blackmail” over the key shipping channel, Reuters reported.

Neither side offered any specifics about the state of negotiations on Saturday, days before a fragile ceasefire in the US-Israeli war against Iran is set to expire.

The war, now in its eighth week, has killed thousands, spread to Israeli attacks in Lebanon and sent oil prices surging because of the de facto closure of the strait, which before the war carried one-fifth of the world’s oil shipments.

Tehran reversed course on Saturday to reassert control over the strait, again closing the energy choke point and adding fresh uncertainty to the war, which the US and Israel launched on Feb. 28. — Alexandria Grace C. Magno with Reuters

DLSU sweeps women’s volleyball

UAAP

Beats NU Lady Bulldogs in thrilling five sets

Games on Wednesday

(Smart Araneta Coliseum)
9 a.m. – FEU vs Ateneo (Men)
11 a.m. – NU vs UST (Men)
1 p.m. – FEU vs Ateneo (Women)
3 p.m. – NU vs UST (Women)

DE LA SALLE University (DLSU) essayed a 27-25, 15-25, 23-25, 25-23, 15-13 come-from-behind win over reigning champion National University (NU) and sealed an outright finals berth with a 14-0 sweep in the UAAP Season 88 women’s volleyball before more than 16,000 fans on Sunday at the Mall of Asia Arena.

The DLSU Lady Spikers erased a 21-23 deficit in the fourth set then just proved to be the steadier squad down the stretch with a 2-0 finishing kick for a two-round wipeout to enter the best-of-three finals right away for the first time since 2014. Overall, it’s La Salle’s 22nd finals appearance as one of the country’s most successful volleyball programs, thus triggering a stepladder Final Four for the rest of the squads.

On the verge of match point after a Shevana Laput hit, La Salle was whistled with four touches for a possible deuce only to call a challenge that revealed a net touch by Arah Panique first for NU, leading to an anti-climactic but still massive victory to shore up its revenge tour after a runner-up finish last season.

Shane Reterta rose to the occasion when it mattered most for the DLSU Lady Spikers, exploding for a career-best 21 points to backstop leaders Ms. Laput and Angel Canino with 16 and 15 points, respectively.

Amie Provido also provided 15 points on 10 hits and five blocks as the Lady Spikers scored the UAAP’s first elims sweep since the NU Lady Bulldogs’ 16-0 feat in 2022, then led by Rookie-MVP and now PVL star Bella Belen who watched at the sidelines to cheer for her former squad but to no avail.

La Salle and NU had met thrice in the finale of the last four seasons, living up to its billing as modern rivals ignited by the Lady Spikers’ 27-25 escape act in the first set to get things going.

The Lady Bulldogs, as expected, would bite back and own the next two sets to move on the cusp of a spoiler only to run out of steam down the wire. Back-to-back La Salle errors gave NU a 23-21 lead but Mses. Canino and Laput willed back La Salle with a 4-0 finisher to force a decider.

Both teams traded haymakers until a 13-all tally before Ms. Laput hammered out a down-the-line hit then destiny just smiled on the Lady Spikers with a lucky challenge call for the cherry on top.

Skipper Vange Alinsug (22), Ms. Panique (15) and super rookie Sam Cantada (14) led NU’s valiant effort that fell just short to settle for a sure second-seed finish with a 9-4 slate in the stepladder semifinals entering its last assignment against first-game winner Santo Tomas (8-5).

UST vs UP
University of Santo Tomas (UST) secured at least a playoff for the remaining Final Four spot in the UAAP Season 88 collegiate women’s volleyball tournament after a gritty 23-25, 25-21, 25-22, 25-19 win over also-ran University of the Philippines (UP) on Sunday at the SM Mall of Asia Arena.

The UST Golden Tigresses improved to an 8-5 record, staying one game ahead of the Far Eastern University (FEU) Lady Tamaraws at 7-6 heading into the final play date of the elimination round.

This sets up a crucial showdown for UST against National University on Wednesday at the Smart Araneta Coliseum, where a win would secure a Final Four berth without complications. FEU, meanwhile, will also face Ateneo de Manila University on the same day.

Lianne Penuliar, Angge Poyos, and Regina Jurado carried the Golden Tigresses down the stretch, powering a decisive 19-12 cushion en route to the win in two hours and seven minutes. — John Bryan Ulanday

Nikola Jokic posts triple-double as Nuggets outlast Wolves in Game 1

NIKOLA JOKIC had 25 points, 13 rebounds and 11 assists, Jamal Murray scored a game-high 30 points and the host Denver Nuggets beat the Minnesota Timberwolves, 116-105, on Saturday to take a 1-0 lead in their first-round Western Conference playoff series.

Murray was perfect from the line, hitting a career-high 16 free throws, while Aaron Gordon finished with 17 points, and Cameron Johnson and Christian Braun pitched in with 12 points each for Denver.

The Nuggets fell behind by 12 in the first quarter, but they forged a halftime tie and never trailed after the break.

“First game of the playoffs, you have all of this adrenaline, nerves, excitement,” said Murray, who scored just three points in the game’s first 14 minutes. “Just come out, be relaxed, do what I do and be aggressive.

“It’s not a feel-out game. To me, it’s the most important game of the series. It sets the tone, and this is why you work for home-court advantage, to win this game right here.”

Game 2 is on Monday night in Denver.

Anthony Edwards led Minnesota with 22 points, while Rudy Gobert produced 17 points and 10 rebounds. Jaden McDaniels and Julius Randle scored 16 apiece, Ayo Dosunmu posted 14 and Donte DiVincenzo added 12.

Edwards, who missed 11 of Minnesota’s final 14 regular-season games due to right knee issues, was listed as questionable prior to the game. He wound up playing a team-high 38 minutes and contributing nine rebounds along with a team-high seven assists and three blocks, but he shot 7-of-19 from the field.

“He looked normal for what he’s been through,” said Timberwolves coach Chris Finch. “I thought he got tired in the third, so I pulled him a little bit earlier. He had some good looks throughout the game; touch maybe wasn’t there. It wasn’t the ‘Ant’ we’re used to seeing, but it’s pretty much as expected considering where he is trying to find his rhythm.”

The Timberwolves trailed by 12 after three quarters, but they rallied to start the fourth. Dosunmu and Edwards hit 3-pointers, then Gobert made a driving layup and a putback during a 12-4 run that cut the deficit to 97-95.

But Jokic answered with a three-point play and a tip-in to extend the lead to seven with 5:45 left.

Following a Minnesota timeout, Edwards missed a 19-footer and Braun made two free throws. After a Minnesota turnover, Jokic completed his 22nd playoff triple-double by feeding Bruce Brown for a fast-break dunk to make it 106-97 with 4:10 to go.

Edwards missed a long 3-point attempt that would have made it a 2-point game with 2:25 remaining. Gordon followed with a dunk, and Gobert’s offensive goaltending miscue kept it at 108-101 with 1:39 left.

The Timberwolves led by as many as 12 in the first half but a strong second quarter by the Nuggets sent it into intermission, 62-62.

Denver took advantage of a Timberwolves’ scoring drought of 4:19 to open up a big third-quarter lead. Gordon scored half of the points in a 14-0 run, capping it with a putback dunk to make it 82-68. McDaniels hit a jumper in the lane to end the run but also picked up a technical foul.

Murray hit the free throw and then a turnaround to make it 85-70. Edwards came back into the game with four points and fed Mike Conley for a corner 3-pointer, but Jokic’s floater gave the Nuggets a 91-79 lead heading into the fourth.

The Timberwolves outshot the Nuggets from the floor and beyond the arc, but Denver rode Murray’s free-throw prowess to outscore Minnesota, 30-14, from the line. The Nuggets made 30 of 33 free throws (90.9%). — Reuters

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