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In the pink of health

Flanking the BYD Seagull in Seashell Pink are (from left) Healthway Medical Network President and CEO Jimmy Ysmael, BYD Cars Philippines Managing Director Bob Palanca, BYD Philippines Country Head Adam Hu, Healthway Cancer Care Hospital Chief Operating Officer Dr. Manuel Francisco Roxas, and BYD Cars Philippines Marketing Director Jill Peña. — PHOTO FROM BYD CARS PHILIPPINES

Limited-edition BYD Seagull comes with wellness perks

By Kap Maceda Aguila

BYD’S ENTRY-LEVEL, full-electric hatchback Seagull is now being offered with a so-called Seashell Pink exterior color option — a limited edition that will probably see only 100 units going on the showroom.

Introduced last week at an SM North EDSA staging of the BYD Tech Tour, the theme extends to the cabin of the vehicle, which features plenty of pink touches and trimmings — including subtle polka dots on parts of the doors and dash. “This is our first time to use the pink color. To be clear, it’s not a repainted unit, but an actual unit from our factory (in China),” shared ACMobility PR Manager Mikko David to “Velocity.”

The idea behind the unique color is to “cater to those who have a different view of what they want a car to be,” Mr. David continued. “They want to stand out. They want to be different.”

Perhaps even more important, than its unique styling, the Seashell Pink Seagull “represents a deeper commitment.” In a release, ACMobility said that “BYD Cars Philippines has partnered with AC Health’s Healthway Cancer Care Hospital, the country’s first dedicated cancer care facility, to make this special edition part of a larger initiative supporting cancer awareness and care in the Philippines. As part of this meaningful collaboration, proceeds from the limited-edition campaign will support the Cancer Care Hero Fund, which provides diagnostics, treatment, and wellness support for cancer patients.”

In addition, buyers of the limited-edition Seagull will get “exclusive wellness benefits from AC Health,” including a P5,000 discount on HealthCheQ Premium and Premium Plus wellness packages, 10% off on vaccinations at Healthway VaxHub, and 10% discounts on women’s cancer screening services such as breast ultrasound, mammogram, pap smear, and HPV DNA testing. Finally, customers will receive a co-branded pink golf umbrella and a Cancer Care pledge sticker.

“This initiative proves that innovation in mobility can lead to measurable change in healthcare,” said Healthway Medical Network President and CEO Jimmy Ysmael in a statement. “Together with BYD Cars Philippines, we’re turning every Seashell Pink Seagull into a vehicle for early detection, better access to care, and long-term support for cancer patients across the country.”

“The Seagull has always delivered on practicality and ease of use. This limited-edition Seashell Pink model adds a personal touch for younger drivers and offers a chance to support something meaningful,” joined BYD Cars Philippines Managing Director Bob Palanca.

The Seagull and Atto 3 are among the best-selling battery electric vehicle models of BYD here. The brand reported that “since its global debut 27 months ago, the BYD Seagull has sold over one million units worldwide, making it the fastest-selling pure electric hatchback in the world.” Locally, BYD here has sold a cumulative sum of 10,000 units — with half of the total accounted for by DM-i (or hybrid) models, according to Mr. David. He added that the hybrid format of the DM-i, for now, “still has a good proposition for buyers” in view of the country’s current state of charging infrastructure.

The BYD Seagull is powered by a 30-kWh BYD Blade Battery and offers range of up to 300 kilometers on a full charge. It accommodates fast DC charging, and features vehicle-to-load or V2L capabilities. A highlight of the cabin is a 10.1-inch rotating touchscreen infotainment display. The Seashell Pink Seagull retails for P958,000, that a national promo discount of P40,000 will apply to.

“The Seagull’s global success proves that innovation doesn’t have to be out of reach. With this special edition, we’re bringing that same energy to a cause that resonates deeply with Filipino communities,” stated BYD Philippines Country Head Adam Hu.

Mobility Access Philippines Ventures, Inc. (MAPVI) is the official distributor of BYD passenger cars in the country. Operating under ACMobility, Ayala Corp.’s mobility platform, BYD Cars Philippines accepts test-drive bookings and reservations through its authorized dealerships in Quezon Avenue, Makati, Bonifacio Global City, Greenfield Mandaluyong, Cebu, Davao, Pampanga, Fairview, Commonwealth, Alabang, Cagayan de Oro, and Bacolod. Customers may also inquire through the brand’s official website, www.bydcarsphilippines.com, or the BYD Cars Philippines Facebook, Instagram, and YouTube social media accounts.

Anko opens biggest PHL store so far in TriNoma

A CHILD playing with toys currently available at the Activation Center at Anko TriNoma.

ANKO opened its biggest store so far in the Philippines in TriNoma. At about 1,600 square meters, it’s also the biggest store of the Australian retailer outside of its Oceania home region.

“I was told that this is not only the biggest store in the Philippines, and the biggest store outside of Oceania, but frankly this is the best store they have in the world,” said Mark Uy, Ayala head of corporate strategy and business development in a speech during the store’s opening in July 9.

“When Mariana, a little over a year ago, asked me to bring Anko here to the Philippines, I distinctly remember her instructions to me. Mariana told me: ‘Mark, our fellow Filipinos deserve better,’” he said, referring to Mariana Zobel de Ayala, who heads Ayala Land’s Leasing and Hospitality Group, overseeing Ayala Malls, Ayala Land Offices, Ayala Land Hospitality, and Ayala Land Leisure Estates. Currently, she serves as the chairman and president of Ayalaland Malls, Inc., according to the Ayala Land website.

According to a previous BusinessWorld story, Anko opened in the Philippines under a joint venture with Ayala Malls. Anko, meanwhile, is the home brand of Kmart Australia Ltd.

“I’m proud today to bring Anko… better, closer to the millions of Filipinos living in Quezon City,” said Mr. Uy.

In an interview with Nina Garcia, Anko Philippines cluster manager, she said that this TriNoma store has 11,000 items, and caters to the residents of Quezon City.

“Quezon City is the most populous city in Metro Manila as of the moment,” she said. According to the Philippine Statistics Authority’s National Capital Region (NCR) Population 2020 Census of Population and Housing, Quezon City had 2,960,048 residents as of 2020.

“This is home to a lot of young families and young business professionals. We cater our items to them,” she said. This might explain why it carries a much-expanded cosmetics, pet, and home selection, compared to their stores in Glorietta and Alabang Town Center. This is the retailer’s third store since it first opened in November 2024.

Unique to the TriNoma store is the Activation Center, a spot where shoppers can interact with the products — currently, the toy section is the highlight this month in the spot, so children were playing there during our visit. The aim is to have workshops and other events in the area, the themes and items on display changing every month. “This time, it’s not just a shopping center, but also a space for families to bond,” said Ms. Garcia.

In an FAQ sheet sent to BusinessWorld, Rachel Turner, country manager of Anko Philippines, said, “TriNoma is our third store in the Philippines, following successful openings at Glorietta 2 (November 2024) and Alabang Town Center (May 2025). We’re continuing to work closely with Ayala Malls to explore additional locations and bring Anko closer to even more Filipino households. We’re also listening to customer feedback on new locations, which is helping guide our expansion strategy.”

On going online, Ms. Turner said, “While Anko sees exciting possibilities in online shopping, the current focus is on delivering an exceptional in-store experience. Physical stores offer a unique shopping adventure, allowing customers to discover new products and trends firsthand. Anko continues to listen to customer feedback and promises to keep shoppers updated on any future plans that may expand their shopping experience.” — Joseph L. Garcia

Jetour Auto Philippines holds T2 owners’ meet and greet

Jetour T2 owners pose with Jetour Auto Philippines, Inc. (JAPI) Managing Director Miguelito Jose and JAPI Marketing Director Cherry May De Los Santos at the Timberland Highlands Resort in San Mateo, Rizal. — PHOTO FROM JETOUR AUTO PHILIPPINES

JETOUR AUTO PHILIPPINES, Inc. (JAPI) recently hosted the first-ever T2 owners’ meet and greet, held at the Timberland Highlands Resort in San Mateo, Rizal. In a release, JAPI said the event “brought together a passionate and growing community of Jetour T2 owners and enthusiasts for a day of camaraderie, engagement, and shared passion for the capable and stylish 4×4 SUV.”

A total 107 attendees, including 41 T2 owners, were present. The Timberland Highlands Resort was chosen for its “breathtaking mountain views and premium, resort-class amenities providing the perfect backdrop to celebrate the lifestyle embodied by the Jetour T2.”

The activity sought to “foster a strong sense of community among T2 owners, moving beyond the showroom to create lasting relationships.” It was also viewed as an invaluable platform for direct, firsthand brand engagement, allowing the JAPI team to connect with customers, share updates, and gather feedback. “The event was a celebration of the unique lifestyle and vibrant community that has quickly formed around the T2, strengthening brand loyalty among both current and future patrons,” concluded the release.

Said Jetour Auto Philippines Managing Director Miguelito Jose, who was also present, “Seeing this passionate group of T2 owners converge is the ultimate validation of what Jetour stands for. We didn’t just launch a vehicle; we introduced a new catalyst for adventure. The T2 is engineered for those who look at a map and see possibilities, not boundaries. This gathering is living proof that we are building more than just a customer base — we are cultivating a family of trailblazers.”

Benilde designated as Adobe Creative Campus

Benilde receives its recognition as an Adobe Creative Campus.

The De La Salle-College of Saint Benilde (DLS-CSB) has been officially recognized as the first Adobe Creative Campus in the Philippines.

As part of this collaboration, the Benildean community now has full access to Adobe Creative Cloud and Adobe Express — platforms which support a wide range of creative pursuits, to include design, video, photography, and multimedia communication. These tools enable students to explore and present ideas in professional and compelling ways across disciplines.

“More than a provider, Adobe has been a key partner in shaping creative leaders, empowering our students to explore, express, and bring their ideas to life with confidence,” said Benilde Chancellor Benhur Ong.

Being a Creative Campus allows Benildeans the chance to imagine more freely, design more thoughtfully, and create work which truly reflects who they are and what they stand for.

“Students from business, management, diplomacy, and governance, and more, can now explore, experiment, and present their work in ways that are clear, creative, and uniquely their own,” noted School of New Media Arts (SNMA) Dean Maria Sharon Mapa Arriola.

“This goes beyond just having access to software,” she added. “It’s about helping our students find better ways to express themselves, share their ideas, and present their work with confidence and creativity — no matter what field they’re in.”

Students and faculty can also earn Adobe-certified badges which recognize their ability to use digital tools creatively and effectively. These credentials strengthen both academic and professional portfolios, regardless of discipline.

The recent recognition event, which was attended by college administrators, faculty, associates, and student representatives, was held at The Loop in the Benilde Design and Arts Campus.

Titu Minhas, Adobe’s Southeast Asia Head of Education, introduced the Adobe Creative Campus program and outlined its key benefits — such as global recognition, academic collaboration, and access to professional development resources such as webinars, self-paced courses, and exclusive institutional events.

Adobe Enterprise Sales Account Manager Esther Ong Khong Lee also emphasized how Benilde’s designation reinforces its identity as a creative, future-ready, and globally connected institution.

Albert Goh, Adobe Southeast Asia senior solutions consultant, capped the program with a live demonstration of Adobe Firefly. He showcased how certain features have now become part of the evolving creative toolkit. These tools, when used thoughtfully and responsibly, support new ways of creating content while encouraging ethical engagement with emerging technologies.

 

SparkUp is BusinessWorld’s multimedia brand created to inform, inspire, and empower the Philippine startups; micro, small and medium enterprises (MSMEs); and future business leaders. This section will be published every other Monday. For pitches and releases about startups, e-mail to bmbeltran@bworldonline.com (cc: abconoza@bworldonline.com). Materials sent become BW property.

Leading high-value leisure developments across PHL

The Spinnaker at Club Laiya — www.landco.ph

Business leader Manuel “Manny” V. Pangilinan continues to widen his influence across Philippine industries as he steers Metro Pacific Investments Corp. (MPIC) toward broader and more profitable ventures. While known for his hold on telecommunications, tollways, power, and water utilities, Mr. Pangilinan is now driving growth in the real estate sector.

In 2021, MPIC acquired 61.9% of Landco Pacific Corp. in a deal valued at P429 million, completing full ownership of the company. At the time of the acquisition, Landco posted its highest net income since its founding.

Landco now supports MPIC’s diversification strategy, aligning with Mr. Pangilinan’s broader push to grow beyond core infrastructure and utility services. Through developments in leisure and upscale communities, the company aims to meet rising demand for premium and sustainable living spaces across the country.

The property firm is growing its footprint through a mix of high-end residential enclaves, tourism estates, and mixed-use developments. Its current portfolio includes properties in Batangas, Quezon, Laguna, Cavite, Bulacan, Pampanga, Muntinlupa, Davao del Norte, and Benguet.

Among its flagship projects are two major leisure destinations in Batangas: Club Laiya in San Juan and CaSoBe (Calatagan South Beach) in Calatagan. Both sites are being developed into integrated beach communities that combine residential, commercial, and hospitality features.

Club Laiya features The Spinnaker, a beach-facing residential condominium designed for both end-users and short-term rentals. It joins Playa Laiya and other resort-style developments that aim to boost tourism in the area.

CaSoBe includes The Nautilus, a residential building located near the shoreline. The beachside community also features Playa Calatagan, which has attracted property buyers and travelers for years.

Outside Luzon, Landco is developing Costa Azalea in Barangay Limao, Island Garden City of Samal in Davao del Norte. Costa Azalea is positioned as a premium seaside resort community in Mindanao and includes Playa Azalea, which offers residential options along the coast.

Further north, the company has marked its presence in Baguio with a project along Loakan Road near Camp John Hay to diversify its locations beyond beach destinations into mountain resort living.

Landco also manages nature-themed residential estates, including Hacienda Escudero in Tiaong, Quezon; Ponderosa Leisure Farms in Silang, Cavite; and Montelago Nature Estates in San Pablo City, Laguna. The developments feature open spaces, nature trails, and low-density housing.

Other residential communities in the portfolio include Leisure Farms in Lemery, Batangas; Stonecrest in San Pedro, Laguna; Waterwood Park in Baliwag, Bulacan; and Woodgrove Park in San Fernando City, Pampanga. These developments target individuals and families seeking more space and greener surroundings outside Metro Manila.

In Muntinlupa City, Landco operates the Landco Towers at Eastbay Residences in Sucat, a mid-rise residential complex that caters to urban dwellers. Meanwhile, Peninsula de Punta Fuego and Terrazas de Punta Fuego are gated residential communities with beach access, marina facilities, and membership access to an exclusive seaside club. The Residences at Terrazas de Punta Fuego provides additional options for those seeking vacation homes or investment properties in the area.

Building sustainable communities

Landco pushes forward with its eco-conscious developments in Calatagan and San Juan, Batangas, as part of its effort to develop sustainable leisure and tourism estates under MPIC’s environmental agenda.

Both CaSoBe and Club Laiya are registered under the Leadership in Energy and Environmental Design (LEED) Neighborhood Development program, which promotes resource efficiency and greener urban planning. These communities feature water recycling systems, LED lighting, permeable walkways, tree-lined bike lanes, and low-impact infrastructure that minimizes the developments’ carbon footprint.

Lot owners and commercial investors are encouraged to follow sustainable building guidelines, such as using solar panels, maximizing natural lighting, and installing water-saving systems like dual piping for toilet flushing, irrigation, and maintenance. Buildings are expected to meet baseline energy-efficiency standards to reduce pollution and resource consumption.

Landco’s Beachtowns also received an Excellence in Design for Greater Efficiencies (EDGE) certification — the first in the Philippines for resort hospitality. The Crusoe Cabins, constructed from refurbished cargo containers, reduce energy use by 34%, water use by 57%, and material energy consumption by 65%, compared with the local base case.

Meanwhile, Landco launched a mangrove planting initiative in Laiya as part of its coastal conservation program, supported by the Department of Environment and Natural Resources. Local officials and community volunteers planted around 3,000 mangrove saplings in a nearby estuary to protect the coastline and enhance biodiversity.

In CaSoBe, the developer allocated space within its development to ensure local fisherfolk retain uninterrupted access to the sea. A designated road provides round-the-clock passage from the highway to the shore.

Landco’s projects align with MPIC’s broader goal of contributing to the United Nations Sustainable Development Goals. The company incorporates green design, environmental conservation, and local economic support into its development strategy.

Expanding to foreign market

Beyond the current market, Landco is expanding its reach to the United States to attract Filipino-American investors with its high-value beachfront developments. The developer formally launched its US campaign with an event in Hollywood, California.

Landco President and Chief Executive Officer Erickson Y. Manzano emphasized the company’s successful track record, including a significant increase in property values. He cited Punta Fuego, which has appreciated by approximately 1,000% since its development in the 1990s.

“Our goal is to bring Filipinos in the US closer to home — not just emotionally, but through real investment in properties that hold both personal and business value,” Mr. Manzano said in a statement.

Philippine Trade and Investment Center-Los Angeles Commissioner Eric C. Elnar noted that Landco’s developments are well-positioned with the Philippines’ infrastructure upgrades, improved road access from Manila to Batangas, stronger internet connectivity, and the growing trend of remote work. These factors, Mr. Elnar said, make locations like CaSoBe and Club Laiya attractive for both retirement and remote professionals.

For his leadership in projects that continue to reshape the country’s urban and rural development landscape, Mr. Pangilinan was named last year’s Philippines Real Estate Personality of the Year during the 12th PropertyGuru Philippines Property.

The annual award recognized Mr. Pangilinan not only for his work in real estate but also for his broad influence on national infrastructure, economic growth, and social progress. His leadership at Landco Pacific Corp. led to the development of high-value real estate projects in emerging provincial areas. — Mhicole A. Moral

SM Prime shares rise on expansion bets

SUSANA HEIGHTS ESTATE ENTRANCE — SM PRIME HOLDINGS, INC.

SHARES of SM Prime Holdings, Inc. rose last week amid investor optimism about its expansion in offices and premium housing.

Data from the Philippine Stock Exchange (PSE) showed that the property developer was the fifth most actively traded stock last week, with 68.18 million shares worth P1.67 billion changing hands.

Shares of the Sy-led company closed at P24.65 on Friday, up 4.7% from P23.55 the previous week. The stock outperformed the property index’s 1.7% gain and the benchmark PSE index’s (PSEi) 1% growth.

However, the stock declined by 2% year to date, contrasting with the property sector’s 3.2% growth and steeper than the PSEi’s 1.1% drop.

Last Thursday, SM Prime subsidiary SM Offices launched Core Tower Three in Sta. Rosa, Laguna, as part of the P1.6-billion Core Towers office development.

The company also announced its entry into the ultra-premium residential space with its P25-billion “Signature Series” development in Susana Heights, Muntinlupa City, featuring lot sizes priced from P100 million.

The residential offerings under Signature Series are expected to cost P15 million, P25 million, P65 million, and above.

Aniceto K. Pangan, equity trader at Diversified Securities, Inc., said that positive market conditions support SM Prime’s office expansion.

“The Core Tower Three launch is a positive development as demand for offices has zoomed up according to Leechiu Property Consultants, and is expected to surpass estimates this year,” Mr. Pangan said in a Viber message.

Metro Manila office leasing reached 740,000 square meters in the first half of 2025, marking the strongest performance since 2017 as information technology and business process management sector demand fueled recovery, Leechiu Property Consultants reported. The figure represents 67% of 2024’s full-year total of 1.1 million square meters.

Timson Securities, Inc. Equity Research Analyst Juan Alfonso G. Teodoro said the stock showed strong performance following the Core Tower Three launch.

The stock gained 4.5% on Wednesday following the company’s Signature Series development, then climbed another 1.8% after its Core Tower Three launch, closing at P25.05 on Thursday, its strongest close during the week.

“Investors responded positively. They see the expansion, especially the new tower and the milestone in leasable space as a solid growth move, and that optimism showed up in a healthy uptick in share price over the week,” Mr. Teodoro said in a Viber message.

Regina Capital Development Corp. Head of Sales Luis A. Limlingan said that the local market reacted with optimism to SM Prime’s continued push into regional office development, “reflecting confidence in the company’s long-term growth strategy.”

Regarding the ultra-premium residential venture, Mr. Teodoro said that SM Prime would need to focus on exclusivity and high-end positioning to succeed in this market segment.

Mr. Limlingan added that SM Prime will need to balance product distinction, strategic marketing, and a reimagining of Susana Heights, while anchoring its premium pricing on long-term value and exclusivity.

“Definitely, SM Prime must keep abreast with the trends such as greenery surroundings, comfortability, and other competitive edges that fit the demand of high-end households, that make them feel the place is like home,” said Mr. Pangan.

Mr. Pangan added that favorable macroeconomic conditions continue to support the property sector’s outlook, including declining inflation rates and a downtrend in overnight lending rates.

Inflation slowed to 1.4% in June from 3.7% a year earlier, bringing the five-month average to 1.9%, and falling below the Bangko Sentral ng Pilipinas’ 2-4% target range.

Additionally, the Bangko Sentral ng Pilipinas lowered its key rate by 25 basis points to 5.25% last month, amid moderating inflation and below-expectation first-quarter growth.

“With this trend, we could expect a better economic activity going to the 2nd half of this year, especially for SM Prime which has shown resilience in its retail side with a better overall performance in the 1st quarter, with income up by double digits.”

SM Prime’s attributable net income rose by 11.4% year on year to P11.65 billion in the first quarter, while consolidated revenues increased by 6.7% to P32.77 billion.

“For the property sector in general, it’s smart to keep an eye on interest rates and new infrastructure projects, which can really affect demand and land values,” Mr. Teodoro said.

Mr. Limlingan said that SM Prime continues to transition into a multi-sector powerhouse as it balances mall, office, horizontal, and premium residential developments.

“To validate their strategic pivot, it would be best to monitor rollout execution, regional demand strength, Metro Manila oversupply absorption, and how macroeconomic and policy shifts support purchasing power.”

Mr. Teodoro forecasts SM Prime’s earnings at approximately P12.28 billion for the second quarter, contributing to a full-year projection of P53.12 billion.

From a technical perspective, Mr. Teodoro placed support between P24-P23 and short-term resistance at P25.50-P26.

Mr. Limlingan pegged support and resistance levels at P24.50 and P25.10, respectively, for the upcoming week.

Mr. Pangan identified immediate price resistance at P25.10 and support at P23.20. — Pierce Oel A. Montalvo

PSALM to turn over CBK hydro facilities next year

CBKPOWER.COM

By Sheldeen Joy Talavera, Reporter

THE GOVERNMENT will turn over the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power complex in Laguna to the winning bidder Thunder Consortium by February 2026, according to the Power Sector Assets and Liabilities Management Corp. (PSALM).

“2026 February is turnover date,” PSALM President and Chief Executive Officer Dennis Edward A. dela Serna told BusinessWorld last week.

Thunder Consortium — composed of Aboitiz Renewables, Inc. (ARI), Sumitomo Corp., and Electric Power Development Co. (J-Power) — was selected as the winning bidder for the privatization of the 796.64-megawatt Caliraya-Botocan-Kalayaan hydroelectric power complex.

The group offered P36.266 billion, outbidding the FGKW Consortium — composed of First Gen Prime Energy Corp. and Korea Water Resources Corp. — which submitted a P19.62-billion offer.

PSALM said Thunder Consortium will undergo a rigorous post-qualification process to verify the accuracy and authenticity of its eligibility documents. The notice of award is expected by mid-July.

The CBK facility is PSALM’s major privatization project this year. It is currently covered by a 25-year build-rehabilitate-operate-transfer agreement between CBK Power Co. Ltd. and National Power Corp. (NPC), which is set to end in February next year.

The complex consists of the 39.37-MW Caliraya hydroelectric power plant (HEPP) in Lumban, the 22.91-MW Botocan HEPP in Majayjay, and the 366-MW Kalayaan I and 368.36-MW Kalayaan II pumped-storage power plants, all located in Laguna.

Meanwhile, Mr. Dela Serna said PSALM is proposing an asset management plan for the rehabilitation of the Agus-Pulangi Hydropower Complex in Mindanao.

The complex consists of seven run-of-river HEPPs in southern and central Mindanao, with a combined installed capacity of about 1,000 MW.

However, only 600-700 MW is currently operational due to aging equipment and infrastructure issues, according to a 2024 World Bank report.

PSALM is tasked with privatizing the government’s power and other disposable assets to liquidate NPC’s financial obligations.

In April, the proposed measure extending PSALM’s corporate term lapsed into law, granting a ten-year extension beyond its original term, which was set to expire on June 26, 2026.

Style (07/14/25)

Original Penguin celebrates anniversary with special collection

WHAT DO Frank Sinatra and Clint Eastwood have in common? A soft spot for Pete the Penguin. This year, Original Penguin celebrates its 70th anniversary with a capsule collection that bridges vintage charm and contemporary cool. A tribute to the brand’s mid-century roots, the 70th Anniversary Collection reimagines classic silhouettes through a lineup of nostalgic designs pulled from the brand’s archives. The 70th Anniversary Collection pays tribute to the Original Penguin polo—worn from golf courses to music stages and street corners — now reimagined for today’s men with updated fabrics, fresh colorways, and contemporary tailoring. The launch also coincides with the debut of a refreshed Pete the Penguin logo, signaling a stylish new chapter for the brand. To bring the celebration closer to Filipino fans, an Original Penguin 70s Lounge pop-up will be launched at the brand’s store in SM Mall of Asia, a retro space inspired by the brand’s archives. Running from July 23 to 27, the lounge will showcase the new collection alongside moments from Original Penguin’s legacy. “Original Penguin has always stood for more than just clothes. It’s about personality and heritage,” said Cheryl Lee, co-founder and chief executive officer of Anthem, the exclusive distributor of Original Penguin in the Philippines. “This anniversary is our way of honoring that story while continuing to evolve for the Filipino market.” The 70th Anniversary Collection will be available in all Original Penguin stores starting July 18. Visit the online site www.anthem.com.ph and follow @originalpenguinph on Instagram and Facebook and @anthemgroupph on Instagram, Facebook, TikTok, and YouTube for more information and updates.

The Fendi Spy Bag is back

Fendi presents in its centenary Fall/Winter 2025-26 Collection the return of the Fendi Spy Bag on the catwalk, from flashback to fast forward, from 2005 to 2025. The Spy Bag was originally launched in 2005 and quickly became a fashion favorite worldwide. The name originates from the secretive attitude of the bag, with a hidden pocket concealed under the flap that can be opened through a disguised button. Surrounded by a golden metal curved bar, the pocket is a luxurious addition to the new Spy Bag. “I liked the idea of the secret compartment because a bag is a place where you keep your most intimate belongings. It’s an extension of yourself” states Silvia Venturini Fendi. “If you open a bag and see what’s inside, you can read a person. I like that there might be something you’d want to keep just for you, that’s why I conceived the hidden pocket.” Signatures from the past continue to define the Spy Bag, preserving its unique silhouette that marked 2000s fashion. This distinctive attitude is further enhanced using sumptuous and supple materials, in line with Fendi’s leather craftsmanship, also shaping the elegantly twisted handles that are a nod to the former version. In two sizes — Regular and Small — the Spy Bag brings its soft structure to the fore. The Regular has a shoulder wearability and an added D-Ring to attach charms, while the Small is designed to be carried by hand, or crossbody and on the shoulder with the removable and adjustable strap. The sleek aesthetic of the new Spy Bag is complemented by luxurious materials and a palette that combines neutral shades with sorbet hues. Smooth leather versions are colored in chocolate brown, dark honey and black, accented by small ones in dusty macaron pink, mint green or sorbetto yellow. Shearling variants come in earthy shades of tartufo and beige, while eel crafted to resemble Pequin stripes shapes olive or wine-colored Spy Bags. As a testament to the Maison’s leather and fur craftsmanship, exclusive designs with mink inlay in a chevron pattern complete the offer, together with a milk-colored, embroidered astrakhan fur style. It will be available in selected boutiques worldwide and on fendi.com starting July 17.

Montblanc and Wes Anderson reunite

MONTBLANC continues its creative collaboration with Wes Anderson, building on the world the filmmaker created with last year’s short film to mark the 100th anniversary of the Meisterstück writing instrument. The new short film features a cast of frequent Wes Anderson collaborators including Rupert Friend, Michael Cera and Waris Ahluwalia and welcomes emerging actor Esther McGregor. Titled Let’s Write, the short film returns to the Montblanc Observatory High-Mountain Library, a snowbound world perched above the clouds, inhabited by a trio of mountaineers played by Messrs. Anderson, Friend and Cera. The new story introduces additional fantastical settings, notably the Montblanc Voyage of Panorama, a staged train car traversing imagined landscapes. Throughout the short film, Montblanc products make subtle, and not-so-subtle appearances. Products featured include the new Montblanc Writing Traveler Bag, the iconic Montblanc Meisterstück, the “Schreiberling” (a fountain pen designed by Mr. Anderson himself), a Portable Writing Table and a historic Minerva pocket watch.

Artline celebrates 100 years with new must-have back-to-school tools

THE BELOVED Japanese stationery brand Artline celebrates 100 years with writing pens and markers built for performance. Known for its Xylene-free ink formulations, Artline products are safer and more eco-friendly. To mark its centennial, Artline introduces exciting new products designed to empower learners and creators. These include J-POP Gel Rollers, now available in 19 colors. It features a comfortable grip, smooth ink flow, and 0.5mm or 0.7mm tips. The new A5 Stick Gel Pen features a precise 0.5mm needle tip for crisp, clean lines and an ergonomic triangular design for stress-free writing. Finally, the Artline x Pokémon Collection features characters from the franchise. This collectible set includes the Artline 660 Fluorescent Marker, Artline 210 Fineliner, Artline Laundry Marker, and the Quix Name Stamp. These are available now in leading book stores, school and office supply stores, and online marketplaces. Follow @artlinephilippines and visit www.artlineworld.com to explore the full range of products.

30 customers to be ‘Fueled for Life’ by Unioil

LAST MONTH, Unioil Petroleum Philippines, Inc. launched its “Fueled for Life Challenge,” inviting motorists across Luzon to “embark on an adventure for the ultimate reward: free fuel for life.”

The first four-wheeler driver and the first two-wheel rider to successfully visit 30 unique participating Unioil stations will each win the grand prize: free fuel for life. Meanwhile, the next 30 finishers in each category will receive free fuel for one full year.

The challenge runs from June 13 to Oct. 15, 2025, “open to all legal Philippine residents with a valid driver’s license and a personally or family-owned vehicle (with proof of ownership).” Participants must register at https://fueledforlife.unioil.com to receive a Fueled for Life Virtual ID. This ID must be presented at any participating Unioil station to claim a physical “passport,” which includes a unique alphanumeric code to be linked to the participant’s online account.

Each qualifying purchase — a minimum of P1,200 for four-wheelers and P200 for two-wheelers — generates a QR code. Participants must scan this code and upload a photo of themselves holding the station’s unique sign (available from fuel attendants) to verify a visit. Upon successful check-in, the passport will be stamped, unlocking the next leg of their journey. To complete the challenge, participants must visit 30 unique participating Unioil stations across five areas: seven stations in North Metro Manila, seven stations in South Metro Manila, six stations in East NCR and Rizal, five stations in North Luzon, and five stations in South Luzon.

Only one station visit per day is allowed, and only visits to participating stations will be credited. The first drivers to complete all 30 check-ins, as recorded on the Fueled for Life website, will be declared winners. For full challenge mechanics and station locations, visit https://unioil.com/news/fueled-for-life or contact Unioil Customer Service via Facebook (www.facebook.com/unioil).

Rates of T-bills, bonds likely to track secondary market levels

TREASURY.GOV.PH

RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could end mixed due to continued uncertainty over the Trump administration’s tariff plans.

The Bureau of the Treasury (BTr) will auction off P25 billion in T-bills on Monday, or P7 billion in 91-day securities, P8.5 billion in 182-day debt, and P9.5 billion in 364-day papers.

On Tuesday, the government will offer P25 billion in reissued 10-year T-bonds with a remaining life of nine years and nine months.

T-bill rates could follow the week-on-week declines seen at the secondary market and the 10-year bond’s rate could track the rise in US Treasury yields amid concerns about the impact of the US’ tariff policies on global growth, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

This would support further US Federal Reserve rate cuts, he said, which would also give the Bangko Sentral ng Pilipinas (BSP) room to ease its own monetary stance further, consistent with recent dovish hints from BSP Governor Eli M. Remolona, Jr.

A trader added in an e-mail that the reissued 10-year bonds could fetch rates ranging from 6.235% to 6.275%, with “decent demand” likely as the tenor’s performance in the secondary market has been good.

US President Donald J. Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on Aug. 1, after weeks of negotiations with the major US trading partners failed to reach a comprehensive trade deal.

In an escalation of a trade war that has angered US allies and rattled investors, Mr. Trump announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum that were posted on his Truth Social media site on Saturday.

Mr. Trump sent similar letters to 23 other trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% up to 50%, as well as a 50% tariff on copper.

The Aug. 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Mr. Trump’s pattern of backing off his tariff threats.

The spate of letters showed Mr. Trump has returned to the aggressive trade posture that he took in April when he announced a slew of reciprocal tariffs against trading partners that sent markets tumbling before the White House delayed implementation.

Only “a couple” of officials at the US Federal Reserve’s June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from Mr. Trump’s use of tariffs to reshape global trade.

“Most participants” at the Fed’s meeting last month anticipated rate cuts would be appropriate later this year, with any price shock from tariffs expected to be “temporary or modest,” the minutes said. There was no indication that any policymaker felt the US central bank’s benchmark overnight rate, currently in the 4.25%-4.5% range, should be cut by several percentage points, as Mr. Trump wants.

Meanwhile, the BSP has reduced borrowing costs by a cumulative 125 bps since August last year. Mr. Remolona has said there is room for two more cuts this year amid moderating inflation.

At the secondary market on Friday, the 91-, 182-, and 364-day T-bills declined by 4.03 basis points (bps), 1.98 bps, and 1.65 bps week on week to end at 5.4305%, 5.6418%, and 5.6834%, respectively based on PHP Bloomberg Valuation Service Reference Rates data as of July 11 published on the Philippine Dealing System’s website.

For its part, the 10-year bond went up by 1.29 bps week on week to close at 6.246%.

Last week, the BTr raised P28.4 billion from the T-bills it auctioned off, above the P25-billion plan as the offer was more than thrice oversubscribed, with total bids reaching P87.486 billion.

The BTr sold P7 billion as planned in 91-day T-bills as total tenders reached P30.547 billion. The three-month paper was quoted at an average of 5.526%, steady from the previous auction, with bids accepted having yields of 5.515% to 5.535%.

Meanwhile, the government raised P11.9 billion from the 182-day securities, above the P8.5-billion program, as bids reached P33.685 billion. The average rate of the six-month T-bill was at 5.618%, rising by 1.1 bps from the previous week, with accepted yields at 5.593% to 5.625%.

The Treasury also raised P9.5 billion as programmed via the 364-day debt as demand hit P23.254 billion. The average rate of the one-year T-bill inched up by 0.5 bp to 5.656%. Accepted bids had yields of 5.65% to 5.665%.

Meanwhile, the BTr last offered the 10-year bonds to be auctioned off this week on June 17, where the government raised just P27.603 billion, below the P30-billion plan. The securities fetched an average rate of 6.428%, above the 6.375% coupon.

The BTr wants to raise P250 billion from the domestic market in July, or P125 billion through T-bills and P125 billion via T-bonds.

The government borrows from local and foreign sources to help fund its budget deficit, which is capped at P1.56 trillion or 5.5% of gross domestic product this year. — A.M.C. Sy with Reuters

P&A Grant Thornton unveils inaugural Sustainability Report: A Bold Step Toward Purpose-Driven Leadership

Sustainability Report launching during the Chief Executive Forum. From left to right: Mhycke Gallego, Partner and Advisory Practice Leader; Lucky Cimatu, Senior Managing Consultant, Advisory Services, Sustainability & Climate; Boyet V. Murcia III, Chairman and Managing Partner; and Ramil Nañola, Partner and Audit and Assurance Practice Leader

In a landmark moment for a professional services firm, P&A Grant Thornton released its inaugural Sustainability Report, marking a significant shift from compliance-based operations to purpose-driven leadership. The report, unveiled by its Chief Sustainability Officer (CSO) Chris Ferareza, during a special stakeholder event on June 26, is a testament to the firm’s commitment to environmental, social, and governance (ESG) principles — not just within its own walls, but across the broader business ecosystem it serves.

“This report is more than a document,” said the CSO during the launch. “It is about transformation — a reflection of our journey and the values we choose to stand for.”

The firm’s journey toward sustainability started long ago but was formally launched in early 2022, driven by a simple yet profound question: What kind of legacy do we want to leave behind? For P&A Grant Thornton, the answer lay in reimagining its role — not just as auditors and advisors, but as architects of a resilient and inclusive future.

The first step was introspective. The firm began by reassessing its internal operations, identifying areas where it could reduce its environmental footprint and improve social impact. From energy-efficient office practices to waste reduction and employee engagement programs, the firm sought to align its day-to-day operations with its long-term values.

Recognizing that true impact extends beyond internal efforts, P&A Grant Thornton established a dedicated sustainability services practice. This arm of the firm is designed to help clients navigate the increasingly complex landscape of ESG regulations, climate risk, and stakeholder expectations.

Chris Ferareza, Partner, Advisory Services and Chief Sustainability Officer

The release of the Sustainability Report comes at a time when sustainability is no longer optional. Around the world, businesses are under increasing pressure to demonstrate their ESG credentials — not just to regulators, but to investors, employees, and communities.

In the Philippines, where climate vulnerability is a pressing concern, the role of the private sector in driving sustainable development is more critical than ever. Firms like P&A Grant Thornton are uniquely positioned to influence change — not only through their own practices but by shaping the strategies of the clients they serve.

The report’s release is also an invitation — to stakeholders, clients, and the broader community — to join the firm in building a future that is resilient, inclusive, and enduring.

“As you read through this,” the CSO urged, “view it not just as a reflection of our work, but as an open invitation: to collaborate, to innovate, and to collectively build a better future.”

This report is not just a collection of metrics and milestones. It is a narrative of transformation, highlighting the voices of the firm’s people, the impact of its partnerships, and the lessons learned along the way.

While P&A Grant Thornton’s Sustainability Report marks a significant milestone, it is not the finish line. It is a checkpoint — a moment to reflect, recalibrate, and recommit. The road ahead will require continuous learning, bold leadership, and unwavering dedication.

The firm plans to build on this foundation by deepening its sustainability initiatives, expanding its advisory capabilities, and continuing to engage stakeholders in meaningful dialogue. Future reports will track progress, share insights, and hold the firm accountable for its commitments.

Let this inaugural report serve as a reminder: that the role of professional services firms is evolving. They are no longer just custodians of financial integrity but champions of sustainable progress.

And in that evolution, P&A Grant Thornton is striving to lead the way — through action, insight, and a deep commitment to contribute to shaping a vibrant tomorrow.

 

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PXP awaits Marcos nod for production, exploration

PXPENERGY.COM.PH

PXP ENERGY CORP. is seeking approval from President Ferdinand R. Marcos, Jr. for four petroleum service contract applications covering continued production and new exploration activities, according to its top official.

The company owns four of the eight contracts pending a decision from the Office of the President, PXP President Daniel Stephen P. Carlos told reporters last week.

PXP has applied for a development and production petroleum service contract (DP PSC) — a new type of contract that covers expiring agreements with ongoing production — for the Cadlao Oil Field, replacing SC 6B Block, which expired in February last year.

“So January 2024, we applied for DP PSC so that we’ll have time to drill Cadlao-4… and then if the results are positive, re-develop Cadlao,” Mr. Carlos said.

The DP PSC covers the former SC 6B Block, along with additional open areas, totaling 1,030.34 square kilometers.

Mr. Carlos said the company — in talks with operator Nido Petroleum — plans to drill a new well estimated to cost around $20-30 million.

Forum Energy Limited (FEL), in which PXP holds a 99.35% controlling interest, is a company incorporated in the United Kingdom that focuses on the Philippines.

FEL has minority interests in the SC 6 and SC 14 sub-blocks offshore northwest Palawan, including a 3.21% interest in the producing Galoc Field, held through Forum Energy Philippines Corp.

Mr. Carlos said the company also filed for a DP PSC for the Galoc Field under SC 14C-1 to allow continued production beyond 2025.

PXP said the Galoc Field, which has produced over 25 million barrels of oil since October 2008, “continues to be commercially viable despite natural production decline.”

“Hopefully, if the President approves this new contract this year, we can continue producing in Galoc beyond December 2025,” Mr. Carlos said.

For new prospects, PXP, along with its joint venture partners, is awaiting approval from the Office of the President for its applications for two blocks located in the Sulu Sea under the first conventional energy bid round in the Bangsamoro Autonomous Region in Muslim Mindanao.

“The group looks forward to commencing activities in this underexplored petroleum province, where previous studies and drilling efforts have indicated favorable geological indicators for commercial hydrocarbon discoveries,” the company said.

PXP said it continues to coordinate with the Department of Energy regarding the lifting of the suspension and the potential resumption of activities in SC 72 in Recto Bank and SC 75 in northwest Palawan amid maritime disputes between the Philippines and China in the West Philippine Sea.

“We remain fully prepared to resume our exploration programs as soon as we receive formal and definitive approval from the relevant governing agencies,” PXP said. — Sheldeen Joy Talavera

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