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Oona Insurance Philippines launches health plans with travel coverage

DIGITAL-FIRST insurer Oona Insurance Corp. (Oona Insurance Philippines) has launched health plans with peso- and dollar-denominated variations that also provide travel coverage.

Oona Purple Shield and Oona Global Shield provide instant quotations and same-day policy issuance, real-time claim tracking with summaries, online access to policy details, utilization and claims, paperless onboarding with e-signatures, and fully digital overseas claims.

Both policies are available for individuals from 15 days old up to 99 years old and can be renewed up to age 100.

Oona Insurance Group Product and Underwriting Head Manik Bucha said during the launch on Wednesday that the products are meant to address customer demand for faster policy processing and travel coverage.

“One of the key differentiations for when we were building the product was to make it fast. This is already a harrowing experience for consumers altogether, so we wanted to make sure that this is a digital-first experience for the customer. That’s what the customer prefers,” he said.

“Either you get a worldwide plan, or you get a Filipino plan. There’s nothing in between. And we made sure that at the right price, there was an option made available to the customers who want to avail of that choice.”

Oona Purple Shield, which is peso-denominated, provides coverage from P1 million to P5 million, including multi-trip travel coverage of up to 30 days per trip with a 30-day waiting period for accidents.

It also includes mental health coverage, COVID-19 vaccine allowance, and comprehensive emergency benefits.

Payment plans start at P10,000 annually.

Meanwhile, Oona Global Shield is dollar-denominated and has coverage plans ranging from $500,000 to $2 million, with optional co-payment plans at either $1,000, $2,000, and $5,000.

It has worldwide coverage with the option to exclude select countries for up to 25% savings. Worldwide travel protection includes baggage delay, loss of gadgets, trip termination, and flight delay, among others.

The policy has a 30 day-waiting period for claims release, except for accidents. Meanwhile, maternity benefits have a 12-month waiting period.

The plan likewise includes mental health support, as well as HIV/AIDS coverage, congenital conditions, newborn coverage, bariatric surgery (after three years), and hospice care.

Mr. Bucha said the products also target to serve Filipinos’ demand for health coverage as the country is a health maintenance organization (HMO)-driven market.

“So, I think from a challenger standpoint…, when we were building this or thinking about launching the proposition, I think the challenge was… how do we ensure this product is accessible?”

Oona Insurance Philippines booked a net loss of P205.94 million last year, while premiums earned stood at P939.53 million, latest Insurance Commission Data showed. Its gross written premiums stood at P1.87 billion.

The company has said it expects to be profitable by next year. — Aaron Michael C. Sy

From Riyadh to Silicon Valley: How EA became the jewel of Saudi Arabia’s gaming vision

LONDON — For years, tech-focused buyout group Silver Lake coveted video game developer Electronic Arts (EA), the power behind the popular “Battlefield” and “Madden NFL” series.

In a brainstorming session this spring, Silver Lake investors and US President Trump’s son-in-law Jared Kushner started hammering out plans for what became the world’s largest leveraged buyout, three sources familiar with the talks said. One of the people said the talks started between Silver Lake co-CEO Egon Durban and Mr. Kushner.

Backed by Saudi Arabia’s Public Investment Fund (PIF), the $55-billion deal announced on Monday will enlarge Silver Lake’s games, sports and entertainment portfolio while giving the sovereign wealth fund an asset it may want to hold on to for a long time, the sources said. EA was first approached in the summer, the people said.

PIF will end up as EA’s majority shareholder while Mr. Kushner’s private equity fund Affinity Partners will own 5%, one of the people said.

Given that PIF already owned almost 10% of EA before the deal, according to LSEG data, and had gaming investments, it made sense for Silver Lake to look at the fund as a natural partner, the person added, noting that Mr. Kushner played an important role in brokering it.

Mr. Kushner, a top aide to Mr. Trump during his father-in-law’s first term in the White House, founded Affinity in 2021 and has investments from funds in Saudi Arabia, Qatar and the United Arab Emirates. He said in Monday’s announcement that he grew up playing EA games and enjoys playing them with his children.

Mr. Durban added that EA was special and said the consortium will invest heavily to grow the business worldwide and accelerate innovation.

EA and a spokesperson for the consortium declined to comment.

Saudi Crown Prince Mohammed bin Salman, who has said he enjoys unwinding by playing video games with friends and his children, has laid out his ambition for his country to be the “global hub for games and esports” by 2030.

“Every year we have a 15% to 25% profit so it’s really amazing and we do not want to miss that,” the Prince said in a Fox News interview two years ago, referring to PIF’s annual return on investments in professional video game competitions called esports, in which players or teams vie for prize money.

“This isn’t just a spreadsheet deal. It’s Saudi Arabia buying time, talent, and cultural clout in one shot,” said Joost van Dreunen, games professor at New York University’s Stern School of Business.

“It puts a trophy IP house at the tip of the Saudi Vision 2030 spear, backed by a government that has earmarked $38 billion for games and sees interactive entertainment as both soft power and long-run monetization.”

As part of that goal, the almost $1-trillion PIF has made major outlays in video game publishers in recent years through its Savvy Games Group.

The investments, including a stake in “Call of Duty” maker Activision Blizzard and holdings of about 4% in Nintendo and about 6% in Take-Two Interactive, are part of the kingdom’s Saudi Vision 2030 plan to diversify away from oil by pouring billions into other sectors.

EA’s well-known franchises and brands, as well as the chance for PIF to bring game-developing capabilities to the kingdom, helped convince the fund to double down on its investment, one of the people said.

Saudi’s esports foundation has announced a new tournament for national teams next year, with EA as a partner. Qiddiya, one of PIF’s infrastructure giga-projects in Riyadh, Saudi Arabia, aims to attract 10 million visitors per year to its esports and gaming district by 2030, the wealth fund said this year. Branded as the “city of play,” Qiddiya is focused on entertainment and tourism, with the goal of incubating 30 leading video game development companies.

The consortium is investing $36 billion in the EA buyout, including PIF’s existing stake, supported by $20 billion in debt financed by JPMorgan, EA said on Monday.

The financing was possible due to a dearth of deals for investors in leveraged loans, as private equity firms have largely stayed on the sidelines in recent years, one of the sources and a fourth person with knowledge of the deal said.

EA shareholders will receive $210 per share in cash, a 25% premium over the stock’s closing price on Sept. 25 before reports of a deal emerged.

Some analysts consider that as too little. “The true earnings power of EA is only beginning to emerge,” Benchmark analysts said. EA stock was trading near all-time highs, according to LSEG data.

While the merger agreement allows 45 days for a superior bid to emerge, Mr. Van Dreunen saw that as unlikely to happen. “Matching it would require deep pockets and a high tolerance for scrutiny. A strategic bidder would face antitrust and cultural blowback, while private equity would struggle to pencil the leverage,” he said.

The deal will require regulatory approvals but is unlikely to face headwinds, some analysts said. “Given today’s broadly constructive Western-Saudi ties, the consortium is more likely to face “box-ticking” reviews and a few raised eyebrows than outright resistance, as implied by the Q2 2026 expected closing date,” said David O’Hara, of MKP advisors in a note published on Monday. — Reuters

7-Eleven Philippines taps US AI firm to modernize store operations

PHILSTAR FILE PHOTO

7-ELEVEN Philippines, operated by Philippine Seven Corp., has tapped US-based artificial intelligence (AI) supply chain solutions provider Blue Yonder to modernize its store operations and enhance customer experience.

“We are proud that 7-Eleven Philippines has selected Blue Yonder to help optimize its store operations and fuel its growth. Together, we will ensure they continue to deliver modern convenience and exceptional service to millions of customers across the Philippines,” Antonio Boccalandro, Blue Yonder’s Asia-Pacific president, said in a statement on Wednesday.

With more than 4,300 stores nationwide, 7-Eleven Philippines’ partnership with Blue Yonder is expected to streamline operations, improve efficiency, and support expansion plans.

7-Eleven Philippines aims to grow its network to 5,000 stores by next year.

According to Blue Yonder, its store execution tools provide near real-time visibility of inventory, mobile management features, and automated alerts to track items from delivery to final sale.

“This enables greater accuracy in reporting, reduced manual work, and improved responsiveness to market dynamics,” the company said.

Blue Yonder also said its expertise has supported more than 3,000 retailers, manufacturers, and logistics providers in managing supply-chain complexity and disruption. — Sheldeen Joy Talavera

Conspicuous consumption

STOCK PHOTO | Image from Freepik

LIFESTYLE, and flaunting how money is spent on goods and services, used to be obligatory coverage of celebrities, not just in the entertainment field. Glossy magazines, TV programs, and online media (now hosted by self-appointed “influencers”) promote products and lifestyle choices like traveling and expensive body ornaments by featuring those who use them.

Is the lavish lifestyle supported by legitimate income, properly declared and taxed? Whatever happened to encouraging the aspirational drives of the poor and undernourished by showing how the other half lives?

It is no longer just envy being dredged up here. (Note the flooded metaphor.) It is the unexplained rise in disposable income. Is any form of over-the-top spending now under suspicion?

Thorstein Veblen, the economist in his 1899 work, The Theory of the Leisure Class, explores the phenomenon of “conspicuous consumption” as a peculiar behavior of the truly wealthy who believe that if you have it, you should flaunt it.

So, this matter of lavish spending is over a hundred years old. The need to project pecuniary success with status symbols is nothing new after all. Prominently displayed signature brands of bags, watches, and luxury cars (with free umbrellas) scream their price tags. (You don’t have to park them all in one garage.)

The lifestyle checkers against corruption are now on the prowl. It is a Newtonian rule that for every crusading action, there is an equal but opposite defensive reaction. Is it possible to thwart the investigators by looking poor without necessarily being poor?

Can “inconspicuous consumption” be the next trend? Looking ordinary and blending with the struggling middle class may be a way to avoid envy and arousing schadenfreude — or the joy in seeing the misfortune of others.

Will the lifestyle programs touring celebrity homes (this is where we keep our basement zoo) be on hold for a while?

Politicians with multiple homes should opt to stay in the most modest ones, at least on weekdays. (It’s easy to catch a tricycle near the corner.) Unassuming surroundings are seen as appropriate with neighbors waving at each other when walking without bodyguards. Residents can post photos of this government bureaucrat taking his scraggy dog for a trot in the un-gated neighborhood. Note that he is walking alone and without any bodyguards. (They’re out of camera range.)

Looking slightly needy requires little effort. Faded shirts can be worn tight with buttons pushing out from the belly. Barongs can be yellowing and smell of mothballs with unpressed folds prominently displayed. There’s no need to wear even a cheap watch as the phone tells time anyway.

It’s good to drive a car that is at least five years old. A little ding on the rear door gives it character. Rust around the bumper and drip lines around the gas tank cover complete the picture of simplicity, only one step up from commuting. Brand new electric vehicles give the game away and create problems of unexplained wealth. (Where do you charge up the battery, at the mall?)

When traveling, it is good to be seen scrunched up in the economy section beside a mother with a bawling baby. Traveling business class, even if partially covered by flying miles and special promos, just raises questions. (Don’t even think of chartering a private plane. It may be going to the Hague.)

Lifestyle clues can be manipulated. Not all those who flaunt wealth really have it in spades.

Conspicuous consumption can be a pose. The high life can be achieved through debt management. The installment plan is offered to those with a steady income to buy cars and condo units. These debt managers can strut around with their acquisitions and fool their fellow social climbers. (Did they just pay corkage fee for that wine?)

Credit card companies encourage acquiring luxury goods on installment, with no down payment. They also allow real needs like hospitalization costs to be made on installment without interest. Spending future income as a process of achieving lifestyle choices has become too easy.

The truly wealthy, deriving revenue from legitimate businesses like food chains, banking, and property development often opt to take a low profile. Setting up foundations for worthy causes or creating employment opportunities with entrepreneurial zeal can be lifestyle choices too… even if they are less conspicuous.

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

A top cognac brand has ambitions to be the next Hermès

LOUISXIII-COGNAC.COM

FOR YEARS, Louis XIII has had an unusual problem.

The maison hasn’t had enough of its $4,600 Cognac to meet growing demand, and it’s impossible to create more. Each distinctive decanter contains hundreds of eaux-de-vie — some a century old — so even if the Rémy Cointreau SA brand were to dramatically increase the amount of spirit it distills and ages, it would take decades to have significantly more stock to sell while retaining the ultra-premium Cognac label’s quality.

Its solution: exquisite porcelain plates.

“The vision for Louis XIII is to be a true luxury brand, like Hermès,” Executive Director Anne-Laure Pressat says of the extension into a non-endemic product; it already sells cut crystal glasses and a branded cigar cutter.

“No one is asking Hermès, ‘Why do you do makeup?’” she continues. “When they first started, they were saddlemakers. Now they do everything. And the vision for Louis is the same, to be a luxury brand as such that goes beyond Cognac.”

Ms. Pressat, previously director of innovation for Louis XIII, has a keen sense of what collectors are looking for and how to expand. It’s a strategy led by gastronomy and honed through lavish dinners at top restaurants and boutiques around the world. To launch the $50,000 Rare Cask 42.1 decanter in 2023, for example, it hosted top clients in Venice for a multiday extravaganza. These regular dinners have also been a way for clients to refill (for 10% off) their bottles using the brand’s Infinity Wheel program.

The Art de la Table collection is “for l’art de vivre,” she says, what she terms “the whole experience” Louis XIII drinkers are seeking.

“Our clients are asking, ‘I have all of the Louis XIII decanters, why don’t you do more?’” says Ms. Pressat.

To create the dinnerware collection, Louis XIII partnered with J.L Coquet, a historic house in Limoges, France, renowned for its extra-white porcelain and voluminous designs. If you’ve eaten at a multi-Michelin-starred restaurant, there’s a good chance you’ve eaten off its Hemisphere collection.

J.L Coquet crafted two designs inspired by Louis XIII. The first collection, the Soil Is Our Soul, focused on the terroir, quite literally, by using a 3D scanner on the grounds of the domaine and imprinting the contours of the earth onto the edges of the porcelain plates. Each piece was glazed, then brushed to remove some of the glaze from the textured areas. It took three to four weeks to create each plate, including 15 steps by 40 artisans.

The second collection, Light of Time, took 20 steps and includes a first for the porcelain house. Louis XIII wanted to focus on light and transparency, so J.L Coquet designed plates that are so fine they let light shine through them. They also carved facets on the underside of the lip to echo the shimmering effect of cut-crystal Cognac glasses. The edge of each plate has a hand-painted copper lining that references the copper stills used in production.

Six pieces in each collection will be sold online either separately (from $500) or as a set ($3,400 to $4,000): a large plate, soup plate, rice plate, dessert plate, and tea and coffee sets. And J.L Coquet will produce a limited 750 sets per collection, with each piece numbered and dated with the year. (Why 750? The special tierçon barrel Louis XIII uses to age its eaux-de-vie yields 750 decanters.)

Ms. Pressat says the plan is to introduce something new in the Art de la Table collection every two years. Cognac lovers will have to stay tuned on that lipstick. — Bloomberg

Salmon raises $50M in fresh funding to expand PHL consumer banking business

FINANCIAL TECHNOLOGY company Salmon Group Ltd has raised $50 million through an oversubscribed Nordic bond issue, which it will use to expand its consumer banking business in the Philippines.

This followed a $60-million inaugural issuance in April and brought its total bond financing to $110 million under its $150-million Nordic bond framework.

The latest issuance was two times oversubscribed, which Salmon said showed strong global investor confidence in its growth prospects.

Pareto Securities was the sole bookrunner and underwriter for the transaction.

“We are opening a new chapter for Philippine financial services built on innovation, inclusion, and trust. As the Philippines stands at the heart of Southeast Asia’s growth story, with its young consumer base, strong regulators, and digital-first mindset, we see tremendous opportunity to reshape the industry,” Salmon Co-founder Raffy Montemayor said in a statement.

“Through Salmon Bank and Sunprime Finance, we are proud to lead this transformation by offering products that meet the everyday needs of Filipinos, including credit lines, cards, consumer and moto loans, and now high-yield deposits.”

The company operates Salmon Bank (Rural Bank), Inc., formerly known as Rural Bank of Sta. Rosa (Laguna), Inc., and financing company Sunprime Finance, Inc. in the Philippines, offering products like revolving credit lines, credit cards, consumer loans, moto loans, and deposits.

“This successful bond issuance validates the confidence that international investors have in both the Philippines and Salmon’s long-term vision. With this new funding, we are poised to scale faster, bring world-class financial services closer to millions of Filipino families, and redefine what banking can mean in our region,” Mr. Montemayor added. — A.M.C. Sy

Power Mac Center opens 9th Apple Premium Partner store in SM Lanang, Davao

Power Mac Center in SM Lanang Premier — POWER MAC CENTER

POWER MAC CENTER has opened the first Apple Premium Partner store in Mindanao in SM Lanang Premier, Davao City.

The new branch opened last week brings the total number of Apple Premium Partner (APP) stores in the country to nine.

Power Mac Center is still the only reseller in the Philippines that is authorized to open Apple Premium Partner stores that carry retail offers and provide service and training to customers.

“Our APP stores are dedicated spaces where Apple fans find all their digital lifestyle essentials, a community hub where they can celebrate technology in the way that matters to them. This expansion initiative brings forth that unique experience to a wider customer base, starting with Mindanao,” Power Mac Center Director for Marketing and Product Management Joey Alvarez said in a statement.

The reseller added that including service and training allow it to provide employment opportunities to local talents wherever they open new stores.

“While an APP store is already able to do more for customers, it has an even broader scope, specifically in bridging the implementation of the Apple ecosystem in workplaces, schools, colleges, and universities,” it said.

“Organizations in Davao City and Mindanao looking to increase their operational efficiency and deliver better services for their stakeholders can seek assistance at the APP store in SM Lanang to be connected to PMC’s Education and Enterprise groups for expert advice and service from Apple-authorized providers.” — BVR

Dining In/Out (10/02/25)


The Pen’s The Bar gets a touch of Albania

THE PENINSULA’S The Bar will be taken over by Albanian bartender Sofokli Gali of Nouvelle Vague on Oct. 3, starting 8 p.m. The Tirana bar is the first from the Balkans to make the World’s 50 Best Bars extended list. For one night only, he will be showing Manila why he shook up his city with the Tirana Cocktail Fest, how he built MUSE from the ground up, and claimed a spot in Drinks International’s Bar World 100.


Exploding Galaxies republishes Sarap and Palayok

EXPLODING GALAXIES is republishing two vital books on Filipino food culture — Sarap: Essays on Philippine Food and Palayok: Philippine Food Through Time, On Site, In the Pot, by Doreen G. Fernandez and Edilberto N. Alegre — and is launching both simultaneously on Oct. 11. Exploding Galaxies focuses on republishing the lost classics of Philippine writing. The publication of Sarap and Palayok marks its first push outside the orbit of fiction and the beginning of what may be many rediscovered titles on food. Until these new editions in 2025 by Exploding Galaxies, these two books have not been published again since Sarap first came out in 1988, and Palayok in 2000. Sarap features essays written and compiled by Ms. Fernandez and Mr. Alegre about the life and ways of Filipino food. In this new edition it is accompanied by the work of four illustrators: Gianne Encarnacion, Kitty Jardenil, Elle Shivers, and Eva Yu. The book was designed by Kristian Henson. Meanwhile, Palayok: Philippine Food through Time, on Site, in the Pot by Ms. Fernandez presents the origins and evolution of Philippine cuisine. In this new edition, Ms. Fernandez’s writing is accompanied by photographs by Jilson Tiu of the eateries and arteries of Manila, of first catches and ferments, of kitchens, tables, and fiestas all over the country. The book was designed by Miguel Mari. Starting Oct. 15, the books will be available to purchase via the website, www.explodinggalaxies.com, and in select branches of National Book Store, Fully Booked, Kultura, Mt. Cloud Bookshop (Baguio), and Everything’s Fine (Makati).


Crystal Dragon’s Mid-Autumn Fest menu

CRYSTAL DRAGON, luxury integrated resort City of Dreams’ restaurant for Cantonese and regional Chinese cuisine, presents a special ala carte menu in celebration of Mid-Autumn Festival. Available from Oct. 1 to 19 for lunch and dinner, the celebratory menu is designed to strengthen togetherness with loved ones featuring seasonal dishes. These include Double-boiled 10-head Abalone with fish maw, blaze mushroom, cordyceps flower and baby pork ribs; Braised Stuffed Whole Sea Cucumber with minced pork in supreme oyster sauce; Deep-fried Live Sea Grouper with saffron orange peel vinaigrette; Braised Fresh Water Crayfish, Szechuan style; and Tea-smoked Eight Treasures Rice wrapped in dehydrated lotus leaf. A menu highlight is the dessert, featuring the mooncake tradition offered as a set of Cranberry Mango Lava Snow Skin Mooncake and Oven-baked Traditional Mini Red Bean Mooncake, with Chilled Honey Lemon Tea with fresh pomelo and malva nut. Limited-edition White Lotus Seed Paste with Double Egg Yolk Mooncakes are also available at Café Society throughout the whole month of October. The mooncakes are encased in a gift box of four. Crystal Dragon is open daily from noon to 11 p.m., while Café Society is open from 10 a.m. to 9 p.m. daily except Tuesdays when it opens at 8 a.m. For inquiries and reservations, call 8800-8080 or e-mail guestservices@cod-manila.com; or visit www.cityofdreamsmanila.com.


Goldilocks unveils new Signature Chocolate

GOLDILOCKS launches its newest creation, the Signature Chocolate cake. This combines four layers of black velvet cake wrapped in chocolate frosting. Each slice has cashew praline between layers, adding a unique texture to the cake. It is topped with bittersweet chocolate curls atop a base of chocolate droplets. Now available for P750, the Signature Chocolate can be enjoyed in Goldilocks stores nationwide, or delivered through www.goldilocksdelivery.ph, GrabFood, and foodpanda.

Western Union rolls out mobile app in PHL

WESTERN UNION on Wednesday launched its new mobile application in the Philippines, which it expects to help boost fund flows and make remittances more convenient.

The app, which is now available on the App Store and Google Play, features both send and request capabilities with a daily limit of P820,000. It also offers competitive foreign exchange rates.

The Philippines is the first market where Western Union introduced the app.

“I think the Philippines is a great market to innovate,” Gregory Laurent, Western Union vice-president for the Philippines, Japan, Australia, New Zealand and Pacific Islands, said during the launch event.

“Digitization in the country is fast-paced, innovation is fast-paced, [and] the regulatory body is supporting such innovation. So, for us, it was actually an obvious choice to take the Philippines as the first market to announce this new receiver and sender app,” he added.

App users can send money to another user from other countries manually or using QR Ph. Meanwhile, the fund request feature is available in countries that host large numbers of Filipinos, such as the United States, Australia, Singapore and the United Kingdom.

Receivers can access the money via cash withdrawal or deposit the funds to a bank account or a digital wallet. Users will be get a transaction tracking number via the app.

Mr. Laurent said the P820,000 transaction limit applies only to transactions made through the app. — Katherine K. Chan

Integrity, blockchain, and the birth of the people chain

STOCK PHOTO | Image from Freepik

On Tuesday, at the Asian Institute of Management in Makati, we launched something historic: the Integrity Chain. It is the world’s first private sector-led blockchain initiative dedicated to ensuring transparency in government budgets. More than 50 presidents and leaders of respected business, academe, civic, and faith-based organizations signed the Statement of Support, joining the Department of Public Works and Highways (DPWH) as it became the first agency to commit its Foreign Aid Projects to the chain.

At the ceremony, DPWH Secretary Vince Dizon declared his agency’s commitment to transparency and accountability. The Department of Information and Communications Technology (DICT) secretary, Henry Aguda, likewise expressed support, recognizing the alignment of this initiative with the administration’s push for digital transformation and good governance.

The presence of these leaders, combined with the active participation of over 50 organizations, underscored a shared message: integrity cannot be delayed, outsourced, or left solely to the government. It must be built, enforced, and validated by all sectors of society — and technology now allows us to do so.

Over the past weeks, I have read and heard criticisms against blockchain-related bills filed in the Senate and Congress. Detractors have been quick to dismiss these proposals as premature, unnecessary, or misguided. But here is the real question: if we do not try, if we do not test, if we do not innovate, then what is the alternative? Endless whining and complaining will not clean up corruption. Passing judgment before consultation even begins is not only unfair but also counterproductive. Our legislators deserve the chance to engage stakeholders, refine their proposals, and explore how emerging technologies like blockchain can serve the Filipino people. Instead of criticizing, why not propose solutions? Why not enrich the debate with constructive input rather than blanket dismissals? It is easy to attack an idea. It is harder — but more meaningful — to help shape it into something workable.

This was the spirit that led us to launch the Integrity Chain. Rather than wait for government to act, the private sector banded together to build a platform that demonstrates how blockchain can safeguard transparency. On its technical level, the Integrity Chain is simple. By placing DPWH’s Foreign Aid Project budgets on the blockchain, every peso spent is immutably recorded, visible to auditors, civil society, and the public. This eliminates the possibility of tampering and makes “ghost projects” nearly impossible. Each entry is permanent, unalterable, and auditable in real time.

But what makes the Integrity Chain different from other blockchain initiatives is not the technology. It is the People Chain that powers it. More than 50 organizations — chambers of commerce, universities, civic groups, and professional associations — signed on to become validators of these budget transactions. Each organization serves as an independent eye, a moral compass, and a public witness to ensure that what is recorded on the chain reflects the truth. Critics often say, “Technology cannot solve a people problem.” They are right. Corruption is not simply a technical failure — it is a moral one. But this is exactly what the Integrity Chain addresses. It is not only blockchain; it is people checking on people. It is collective vigilance embedded into the system itself.

C.S. Lewis once wrote: “Integrity is doing the right thing even when no one is watching.” This has become one of the most quoted lines on ethics and morality. But on that day, standing in a room with more than 50 organizational leaders and two Cabinet Secretaries, I realized that integrity gains another dimension in our time. In the age of transparency, integrity becomes unbreakable when everyone is watching. This is the promise of the Integrity Chain. It transforms integrity from a private virtue into a public system. It does not replace conscience, but it supports conscience with technology, validation, and scrutiny. It does not eliminate the role of individuals, but it strengthens them through collective oversight.

Skeptics may ask: why is the private sector doing this? Shouldn’t integrity be the job of government? Yes, but here lies the problem: government alone cannot solve corruption. Bureaucracy is often slow, and internal checks can be compromised. By contrast, a private-sector collective can act faster, innovate quicker, and, most importantly, check on each other to avoid conflicts of interest. This is not to replace government, but to complement it. By starting with DPWH’s Foreign Aid Projects, we send a signal: the private sector is not merely complaining about corruption, it is offering a solution. And by doing so, we help the government regain credibility in the eyes of the people.

The launch was also significant because it was the first initiative of its kind in the world. Other countries have experimented with blockchain pilots in budgeting or procurement, but nowhere else has the private sector itself convened, designed, and committed to validating government projects on-chain. This makes the Philippines a pioneer. In an era where headlines often portray our country as lagging behind in governance and innovation, the Integrity Chain tells a different story: here, in Makati, we set a global example.

Of course, challenges remain. Technology is only as strong as the will to use it properly. The governance structure for the Integrity Chain will need to be defined. Roles must be clarified. Resources must be sustained. But Tuesday’s signing showed that the will is there. In the coming weeks, we will reconvene the founding organizations to form a governance team that will oversee implementation, assign responsibilities, and ensure continuity. From there, we hope to expand beyond the DPWH, so that other agencies and budgets can also be placed on the chain. The road will not be easy. But then again, fighting corruption has never been easy. What makes this moment different is that now, we are not just fighting with words — we are building with systems.

The Integrity Chain is not perfect. It is not the final answer to corruption. But it is a start — a bold one. And in a country where cynicism often paralyzes reform, a start is exactly what we need. So, to those who criticize blockchain bills and reform initiatives, I say: stop dismissing, start contributing. Instead of asking “why blockchain,” ask “how can we make blockchain work for transparency?” Instead of assuming technology cannot solve human problems, ask how technology and people together can reinforce integrity.

On Tuesday, we showed what is possible when the government, the private sector, and civil society stand together. The Integrity Chain is not just a piece of technology. It is a commitment, a covenant, a collective act of conscience. It is, above all, a People Chain — a movement where integrity is no longer optional, and accountability is no longer invisible.

C.S. Lewis was right: integrity is doing the right thing when no one is watching. But in Makati on Tuesday, we proved something new: integrity becomes unbreakable when everyone is watching.

 

Dr. Donald Lim is the founding president of the Blockchain Council of the Philippines and the lead convenor of the Philippine Blockchain Week. He is also the Asian anchor of FintechTV.

Chevron Philippines names new country manager

Pongtron “Bon” Tangmanuswong

CHEVRON PHILIPPINES, INC. (CPI), a downstream oil company and marketer of the Caltex brand of fuels and lubricants, has appointed Pongtron “Bon” Tangmanuswong as its new general manager and country chairman.

In a media release on Wednesday, CPI said Mr. Tangmanuswong will lead the company’s nationwide operations and oversee more than 600 Caltex stations, 450 AutoPro workshops, major commercial accounts, and five Chevron proprietary terminals.

“The Philippine market is dynamic, competitive, and full of untapped potential. I’m committed to leading with vision, energy, and a spirit of collaboration,” Mr. Tangmanuswong said.

He succeeds Billy Liu, who led the company for nearly five years and is now taking a new role at Chevron’s headquarters in Houston.

Mr. Tangmanuswong joined Chevron in 2008 and has held leadership roles in procurement, supply chain, engineering, asset optimization, and special projects across Asia-Pacific markets.

He most recently served as general manager and country chairman of Chevron (Cambodia) Ltd., overseeing terminal operations, product supply, distribution, and marketing. — Sheldeen Joy Talavera

Manufacturing Purchasing Managers’ Index (PMI) of Select ASEAN Economies, September 2025

FACTORY ACTIVITY in the Philippines contracted for the first time in six months in September, as manufacturers saw a drop in output and new orders, S&P Global said on Wednesday. Read the full story.

Manufacturing Purchasing Managers’ Index (PMI) of Select ASEAN Economies, September 2025