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PHINMA chairman emeritus Oscar Hilado passes away

PHINMA Corp. chairman emeritus Oscar J. Hilado passed away on Sept. 17. / Courtesy of PHINMA Corp.

PHINMA Corp. chairman emeritus Oscar J. Hilado passed away on Sept. 17, the company said on Friday.

Mr. Hilado was 87.

“The entire PHINMA group of companies extend our deepest condolences to the family and loved ones of Mr. Hilado. We are profoundly grateful for his invaluable contributions and service to PHINMA,” the company said in a disclosure to the stock exchange.

Mr. Hilado, also known as OJH, was chairman of the PHINMA board from 2003 to 2021. He was a director of PHINMA since April 1969.

Mr. Hilado joined the company 60 years ago as the executive assistant to PHINMA founder Ramon V. del Rosario.

“Through his stellar financial sense and business acumen, Mr. Hilado steered the Group through challenging times and into new frontiers,” the company said in a separate statement.

Mr. Hilado was also chairman of the board of PHINMA, Inc., vice chairman of PHINMA Properties Holding Corp., and Union Galvasteel Corp., a member of the board of Philcement Corporation, Union Insulated Panel Corporation, PhilCement Mindanao Corporation, PHINMA Hospitality, PHINMA Education Holdings, Inc., PHINMA Education Schools, and a trustee of PHINMA Foundation, Inc.

Beyond the PHINMA Group, he was an independent director and chairman of the audit committee of A. Soriano Corporation and Philex Mining Corporation, director of Smart Communications, Inc., Seven Seas Resort and Leisure, Inc., Digital Telecommunications Philippines, Inc., Manila Cordage Company, Beacon Venture Holdings, Inc., and United Pulp and Paper Company, Inc.

“Mr. Hilado’s unwavering commitment to making lives better has uplifted countless Filipinos and made a significant, long-lasting impact in the business community and civic society,” PHINMA said.

Mr. Hilado was a Certified Public Accountant (CPA) with a commerce degree from De La Salle College in Bacolod and a Master’s Degree in Business Administration from the Harvard Graduate School of Business.

In lieu of flowers, donations in support of the Mr. Hilado’s advocacies can be accepted by PHINMA Foundation. – Almira Louise S. Martinez

South Korea’s LG Energy was using US visa workarounds before Trump, documents show

Travelers arrive at Denver International Airport, Colorado. — CATHY ROSE A. GARCIA

SEOUL – South Korea’s LG Energy Solution was using workarounds to US visa restrictions well before Donald Trump returned as president and his administration launched a massive crackdown that detained hundreds of LG workers, internal documents show.

LG Energy Solution’sUS reliance on a visa waiver program started under Trump’s predecessors, reflecting long-running problems South Korean companies say they face in getting short-term visas for specialists they need for their high-tech plants in the US
Company guidelines, detailed in the August 2023 LG documents seen by Reuters, advise employees and subcontractors to use the short-term Electronic System for Travel Authorization waiver program, avoiding business visa procedures, after many visa applications had been rejected.

More than 300 Koreans, including 250 LG employees and contractors, were detained this month at LG’s car battery venture with Hyundai Motor, in the US Department of Homeland Security’s biggest immigration raid ever.

The globally publicized raid near Savannah, Georgia, including videos of shackled workers, sent shockwaves through South Korea, a major US investor and one of Washington’s closest Asian allies.

The Trump administration has signalled it wants to revise visa policy to accommodate South Korean investment. But the entrenched use of ESTA waivers, rather than applying for B-1 or other work visas, highlights risks for South Korean companies building factories in the US as they seek to avoid Trump’s tariffs and send more skilled workers to support the expansion, even as Trump tightens immigration enforcement.

The LG guidelines for employees and subcontractors cite increasing US rejections of B-1 business visa requests by South Koreans, recommending instead the ESTA visa-free travel option.

DON’T SAY ‘WORK’
The guidelines provide tips, such as advising workers to dress neatly for US customs interviews, bring invitation letters from their US business partners and avoid saying “work” in the interviews.

“Using the word ‘work’ to describe the purpose of your visit can cause suspicion and lead to US entry denial,” the guidelines say.

They caution against excessive use of ESTA, warning that those who use it to enter the US frequently and stay for two to three months per visit could be denied entry at the airport.

US officials say the detained workers were engaged in activities beyond the scope of their visa authorization or overstayed their visas. A US immigration lawyer representing some of the detained LG workers has said they were doing legally authorized activities. The workers were released and returned home to cheers and emotional reunions last week.

“We advised employees to utilize ESTA for business trips, given the high rejection rate of B-1 visas at the time and the fact that a B-1 visa denial would also block ESTA eligibility,” LG told Reuters in a statement responding to questions on its guidelines.

“In March last year, we updated our guidelines, advising employees to use ESTA for short-term or one-time assignments of less than one month, and to obtain appropriate visas, such as ESTA, B-1 visa or L-1 visa, for trips lasting between one and six months,” the company said.

ESTA allows stays of up to 90 days, half the limit of the B-1 visa. Both restrict the types of work that holders can undertake and are not meant to be used repeatedly.
About half the detained Korean workers were on ESTA, including 44% of the LG workers, lawmaker Han Jeong-ae has said, citing company data.

REASONABLE BECAME ‘ABUSE’
State Department guidance says temporary business visitors can “install, service, or repair commercial or industrial equipment or machinery purchased from a company outside the United States or to train US workers to perform such services”.

Immigration lawyers say such activities, as well as training US construction workers, can qualify under ESTA waivers and the B-1 visa.

“Employees on business trips are responsible for installing machinery manufactured outside the United States and for set-up to ensure early stabilization of production processes, as well as transferring necessary know-how to locally hired workers,” LG told Reuters. “These activities fall within the intended purposes of ESTA or B-1 visas.”

Some South Korean workers have used ESTA to stay for up to three months and then visit again to continue their work, which could put them at risk of being denied US entries, immigration lawyers say.

“What began perhaps as a reasonable use of ESTA became an abuse,” said Robert Marton, a US immigration lawyer not involved in the Georgia case.

LG said it has asked the US to “consider creating a new visa type,” given that “B-1 visa and ESTA applications were denied despite being aligned with the intended purpose of travel.”

“Our company hopes that, for the smooth conduct of business, both governments will provide clear interpretations of the scope of work permitted under B-1/B-2 visas and ESTA, and that the visa system will be improved as soon as possible.”

South Korea said on Sunday that US Deputy Secretary of State Christopher Landau had expressed regret over the raid and called for Washington and Seoul to speed up working-level consultations to ensure the issuance of visas commensurate with the contributions of Korean workers. — Reuters

SM Prime shapes communities from Bay Area to Batangas and Tarlac

The SM Mall of Asia Complex in Pasay City, a flagship estate of SM Prime, seamlessly integrates retail, residential, commercial and leisure spaces.

SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s leading integrated property developers, continues to expand its influence across diverse markets — from large-scale urban townships to coastal resorts and attainable housing — by creating developments that fuse sustainability, functionality and long-term community value.

The Bay Area’s Integrated Landmark

Along the Bay Area in Pasay City, the SM Mall of Asia Complex (MOAC) remains the company’s flagship township. Master-planned to bring together retail, residential, commercial and leisure components, the 89-hectare estate has transformed the Bay Area into one of the country’s most dynamic growth corridors.

Anchored by the SM Mall of Asia and complemented by the SMDC Residences, MOA Arena, SMX Convention Center, the E-Com Centers, National University and hotels such as Conrad Manila and Lanson Place Mall of Asia, the complex has become a lifestyle, tourism and business destination. In the first quarter of 2025 alone, it welcomed 34.5 million visitors, underscoring its role as a magnet for both commerce and culture.

Nature-Integrated Living in Tagaytay Highlands

Trealva at Midlands West exemplifies resort-residential living approach with its low-density master plan designed to preserve panoramic mountain views and open landscapes.

South of Metro Manila, SM Prime is redefining resort-residential living through projects under Highlands Prime, Inc. Trealva at Midlands West exemplifies this approach with its low-density master plan designed to preserve panoramic mountain views and open landscapes. Its emphasis on nature integration reflects the growing demand for healthier, more sustainable living environments outside urban centers.

Resort-Inspired Coastal Communities

Along the Nasugbu, Batangas coastline, Costa del Hamilo, Inc. is building communities that merge coastal charm with modern comfort. Pico Terraces, within Pico de Loro Cove at Hamilo Coast, introduces 211 premium units spread across two residential suites. With one- to three-bedroom configurations, it caters to both families and leisure-driven buyers. Resort-style amenities — including a cascading pool, indoor and outdoor fitness zones, landscaped lawns and a contemporary clubhouse — encourage a lifestyle that balances relaxation and activity.

M Village at Marina Estates is a 12-hectare subdivision that devotes over 60% of its area to open spaces, waterways and rain gardens.

Expanding Hamilo Coast’s footprint, M Village at Marina Estates is a 12-hectare subdivision that devotes over 60% of its area to open spaces, waterways and rain gardens. Designed in collaboration with WATG Singapore, Joel Luna Planning and Design, and H1 Architecture, M Village’s tropical modern aesthetic blends seamlessly with its forest backdrop.

With only 177 residential lots, it offers a unique blend of amenities such as meditation gardens, camping areas and bi-level pools, creating a community deeply rooted in sustainability and outdoor living.

Affordable Homes with Life’s Essentials

SM Development Corporation (SMDC) continues to drive affordable homeownership through its Symphony Homes brand. Newly launched this year, Symphony Homes Mabalacat offers homes with 5-star amenities. Next to Clark International Airport and Clark Freeport Zone, the resort style community features a clubhouse, lap pool, community sports courts, playground and parks.

Summer Hills Development Corporation (SHDC) under SMDC also carries projects such as Sunnyhomes in Padre Garcia, Batangas and Sunnyvale in Concepcion, Tarlac, which are designed to deliver attainable housing that does not compromise on planning or community features.

Accessible via the Lipa-Padre Garcia Bypass and Old Roads, Sunnyhomes offers two-storey townhouses on 52-sq.m. lots with a 48-sq.m. floor area. Standard amenities include a guardhouse, pocket parks, clubhouse, basketball and fun courts, playgrounds and CCTV security in key areas.

On the other hand, along McArthur Highway, within the Vicinity of SM Tarlac, Sunnyvale offers four home types: cluster bungalows, bungalow duplexes, clustered lofted homes and loftable duplexes.

Building Across Market Segments

From mega-townships to mountain retreats, from coastal estates to affordable subdivisions, SM Prime’s portfolio reflects a deliberate strategy: to meet the needs of a wide spectrum of buyers while embedding sustainability and community value into every project.

“These recognitions inspire us to keep pushing boundaries in design and sustainability,” said Jessica Bianca T. Sy, Vice-President and Head of Design, Innovation and Strategy at SM Prime and SMDC, who was named PropertyGuru’s Rising Star. “Our goal is to shape communities that are not only relevant today but will continue to thrive and evolve with future generations.”

At the recent 13th PropertyGuru Philippines Property Awards, SM Prime received multiple distinctions — including top honors for MOA Complex, Trealva, Pico Terraces, and Symphony Homes — cementing its reputation as a benchmark-setter in Philippine real estate.

 


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BSP limits cash withdrawals to P500k a day

PHILIPPINE STAR/EDD GUMBAN

The Bangko Sentral ng Pilipinas (BSP) is implementing a new cash withdrawal limit of P500,000 per day in a move to curb money laundering risks involving large cash transactions.

BSP Governor Eli Remolona Jr. issued on Thursday Circular No. 1218 directing all supervised financial institutions (BSFI) to implement “enhanced due diligence (EDD) on large value cash-related payments and transactions.”

Under the circular, a maximum of P500,000 or its equivalent in foreign currency may be withdrawn at once or via multiple transactions within one banking day.

The BSP said withdrawals exceeding the threshold shall only be processed via check payment, fund transfer, direct credit to deposit accounts or BSFI’s digital payment platforms.

“The BSP in its latest sectoral risk assessment and surveillance monitoring has noted money laundering, terrorism financing, and proliferation financing risks arising from cash transactions of banks and other BSP-supervised financial institutions,” the circular read. “These disclosed the use and abuse of cash-based transactions to move illicit funds into and out of the financial system.”

The BSP issued the circular amid on-going investigation into allegedly anomalous flood control projects involving government employees, contractors and other individuals.

“Through this reform, the BSP aims to strengthen measures against the use of cash for illegal activities, promote trust in the financial system, and ensure that it can respond to new risks,” the central bank said.

However, the central bank noted that BSFIs may still allow withdrawals beyond the P500,000 limit if the client provides evidence of a legitimate business purpose. Such transactions may be approved after the BSFI conducts enhanced due diligence and files a suspicious transaction report (STR).

“If the BSFI fails to satisfactorily complete the EDD procedures; or reasonably believes that performing the EDD process will tip-off the customer, it shall file a suspicious transaction report and closely monitor the account and review the business relationship,” the circular read.

“The BSFl shall also consider the alerts, red flags. and suspicious indicators, as well as typologies rioted/reported by relevant government agencies, involving large or unusual cash transactions in filing STR,” it added.

The circular will take effect in 15 calendar days following the publication in the Official Gazette or in a newspaper of general circulation.

On Wednesday, the Court of Appeals froze assets pointing to a potential money laundering scheme of 26 Department of Public Works and Highways (DPWH) officials and private contractors allegedly linked to anomalous government flood control projects. — Katherine K. Chan

Ombudsman orders preventive suspension vs 16 DPWH Bulacan personnel

OFFICE OF THE OMBUDSMAN PHILIPPINES FACEBOOK PAGE

The Office of the Ombudsman ordered the preventive suspension of 16 personnel from the Department of Public Works and Highways (DPWH) Bulacan 1st District Engineering Office.

In a statement on Friday, Acting Ombudsman Dante F. Vargas said the suspension orders were issued after the DPWH filed criminal complaints against several personnel.

The suspension order was also based on additional fraud audit reports by Commission on Audit Chairperson Gamaliel A. Cordoba on allegedly anomalous flood control projects worth P389.6 million located in Plaridel, Pandi, and Bocaue, Bulacan.

“The flood control projects in question are being tagged as ghost or graft-ridden projects, either through lack of necessary supporting documents, non-existence of any civil works, discrepancy in pinpointed location and even flawed approved bid plans,” the Ombudsman said.

The Ombudsman did not name the DPWH personnel.

“The suspension order was issued to prevent the personnel concerned from exerting influence over the ongoing investigation, as well as to safeguard public records and ensure that accountability measures can proceed without obstruction,” the Ombudsman said.

The suspension order took effect on Sept. 18. — Edg Adrian A. Eva

G ka na ba tumulong? Sa GBayanihan, you can donate LIVE to help lives!

GCash, through GBayanihan, is set to hold a quiz show to raise funds for several causes, including community development and education.

GCash, the Philippines’ leading finance superapp and largest cashless ecosystem, is introducing a new way for Filipinos to support worthy causes through a first-of-its-kind livestream quiz show under its GBayanihan program. The initiative offers a fun and interactive experience that makes giving more engaging while continuing to channel support to nongovernmental organizations (NGOs).

Many NGOs in the country continue to face difficulties in generating consistent financial support, limiting their ability to sustain their causes. At the same time, Filipinos are often met with multiple calls for donations across different channels, making it difficult to know which platforms are legitimate and which NGOs are credible.

To help address this problem, GCash created GBayanihan, a trusted in-app donation feature that connects users with reputable organizations. GBayanihan is a curated list of NGOs that adhere to the highest standards of audit and governance. All featured NGOs have both a Philippine Council for NGO Certification (PCNC) accreditation, considered the gold standard certification in the NGO sector, and a solicitation permit from the Department of Social Welfare and Development (DSWD). These credentials confirm that featured organizations are authorized to raise funds and are properly audited.

GBayanihan serves as a bridge between millions of Filipinos and these trusted NGOs, ensuring every donation goes only to legitimate organizations.

The proceeds from the fund-raising activity will go to organizations engaged in community development, education, health, and shelter-building.

The telethon-inspired donation drive titled “Game to Give” combines entertainment, gamification, and philanthropy in one unique experience. It will feature 4 content creators competing in real-time trivia quizzes, each playing on behalf of their chosen causes. The winning influencer can secure up to ₱1 million in donations for their chosen organization. Among the causes to be represented are Ashley Rivera for Community Development, Hershey Neri for Education, Lottie Bie for Health, and Show Suzuki for Shelter. Featured NGOs are among the likes of UNICEF, ABS-CBN Foundation, InLife Foundation, and Virlanie.

What sets the event apart is its audience participation: every donation, even as small as 1 peso, by viewers translates into points for their chosen player’s team, directly linking support for NGOs with the excitement of competition. The show culminates with GCash awarding the winning creator with up to ₱1 million to be given to the NGOs under their cause, amplifying the impact of the fundraising drive and ensuring greater support for the beneficiary organizations.

The proceeds from the fundraising activity will go to organizations engaged in community development, education, health, and shelter-building.

“Through GBayanihan and Game to Give, we want to show how technology can open new opportunities for NGOs to reach supporters and raise funds in more innovative ways,” said CJ Alegre, AVP for Sustainability at GCash. “By leveraging the GCash network, we make it easier for Filipinos to engage with causes they care about, while creating a bigger collective impact for communities across the country.”

Game to Give is the pioneering GBayanihan project that connects livestream entertainment with charitable giving. By integrating the act of donating into digital platforms where people already spend their time, the initiative demonstrates that philanthropy can be simple, fun, and impactful.

With Game to Give, GCash reinforces its role as a bridge between technology and social good, showing how its network can help transform everyday digital interactions into meaningful support for NGOs.

Watch Game to Give this Friday, Sept. 19, live on the official GCash TikTok account with simultaneous streaming on Facebook, and donate via GBayanihan to help your chosen influencer and partner NGO win up to P1 million for their cause.

For more information, please visit www.gcash.com.

 


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After chaos of US cuts, aid chiefs urge world leaders at UN to step up

REUTERS

UNITED NATIONS – United Nations aid chief Tom Fletcher hopes the world body will fight back against a “sustained attack” on its values and finances next week at an annual gathering of world leaders, and said humanitarians could not afford to wait for the US to restore funding.

Aid worker killings rose nearly a third to almost 400 last year, the most deadly year since records began in 1997, according to UN data. Then in January, US President Donald Trump returned to power and slashed US foreign aid, sparking global humanitarian chaos.

“It has been a really rough year,” Fletcher told Reuters in an interview on Thursday, adding the UN should show world leaders how it can save lives and work to end conflicts.
“We reckon that the support is out there. I don’t think there is less support for kindness, compassion, global solidarity than there was just because of the results of a few elections.”

He remains hopeful that Washington, which was the world’s biggest humanitarian aid donor, could be convinced to restore and continue some funding, “but in the meantime, we can’t wait.”

The Trump administration cut billions of dollars in foreign aid that it believed was not aligned with its “America First” foreign policy. Trump has also said the US pays disproportionately for foreign aid and wants other countries to shoulder more of the burden.

SMALL PRICE
David Miliband, head of the International Rescue Committee aid group, said more than two million people had lost services – such as education in Afghanistan and healthcare for Sudanese refugees – after the US cut more than three-quarters of IRC’s grants and contracts.

“We have a very clear agenda that says to the US government: We can respect your determination to achieve reform. We can respect your determination to achieve value for money. Let’s work together to make sure that for a very small size of American income we’re able to do outsized good in the world,” he told Reuters in an interview on Thursday.

Miliband said Europe was going to step up to help fill the gap left by US cuts, but others needed to do so as well.

“We haven’t seen that yet,” he added.

The annual gathering of world leaders in New York next week will be more important than usual, Miliband said, with China pitting itself at the future of the multilateral system, while the US was taking an America first approach.

“There’s a void to be filled,” Miliband said. “I think that while for Americans, the UN can seem like bureaucracy or traffic jams in New York, for the rest of the world, they’re looking for leadership and that’s what we’re calling for next week.” — Reuters

US investment validates Starmer’s risky UK invite for Trump

U.S. President Donald Trump and British Prime Minister Keir Starmer announce an agreement between the two countries as they hold a press conference at Chequers at the conclusion of a state visit on September 18, 2025 in Aylesbury, Britain. Leon Neal/Pool via REUTERS

LONDON – For Keir Starmer, securing record levels of US investment into Britain has validated his offer of an unprecedented second state visit to Donald Trump, a high-risk gamble that was designed to keep the unpredictable president on side.

Trump celebrated his historic visit to Britain by announcing 150 billion pounds ($203 billion) of corporate investment in the UK’s technology, finance and energy sectors.

Public opinion was split over whether Starmer was right to cosy up to Trump, but he managed to avoid any public blow-up and the deals agreed gave him a much needed boost after some of the toughest weeks of his premiership.

While state visits hosted by Britain’s royal family have in the past been used to announce trade deals or cultural partnerships, Trump, the most transactional of presidents, arrived with billionaires and business leaders.

TRUMP WANTS UK ALIGNED WITH US IN AI RACE
During the visit the two governments announced a raft of US corporate investments into Britain, with private equity group Blackstone pledging 100 billion pounds over 10 years and Microsoft making a 22 billion pound commitment.

Trump has said he wants the US to win the global AI race, and with China the only real challenger in the space, Britain has chosen to align with its ally to secure the building of data centers and supercomputers.

Trump and some tech CEOs, including Microsoft’s Satya Nadella, were explicit in their thinking, saying it was important that Britain rely on the United States.

“We’re committed to ensuring that the UK has a secure and reliable supply of the best AI, hardware and software on Earth, and we supply that,” Trump told a news conference.

The investment is intended to help combine US strengths in building AI infrastructure, capabilities and capital with British innovation and creativity coming out of its universities, start-ups and major companies.

But not everyone endorsed the deal, with some analysts and lawyers arguing that it would leave Britain as little more than an outpost of Silicon Valley.

Nick Clegg, a former British deputy prime minister who was later policy chief at Meta, said the deal represented Britain “holding on to Uncle Sam’s coattails”.

Alex Kirkhope, partner at law firm Shoosmiths, agreed, saying if Britain’s AI was built on US infrastructure, software and data centres then “clearly our leverage in terms of the political side of things is naturally compromised.”

Moving too close to the United States also risks limiting Britain’s ability to export into the European Union, by far its biggest trade partner, and key for economic growth.

And critics of Starmer’s approach argue that despite Trump’s apparent sense of goodwill towards Britain – the birthplace of his mother – the country remains at his mercy.

“The UK has made the best of a bad situation but the actual outcome depends on the whims of Trump, not UK tactics or strategy,” said Peter Holmes at the UK Trade Policy Observatory.

STARMER STRIKES SOLID RELATIONSHIP WITH TRUMP
Unlike some other world leaders, Starmer, a liberal technocrat and former human rights lawyer, has proved to be adept at handling Trump, flattering him in public, remaining polite, and using his trump card of a royal invite.

David Dunn, a professor in international politics at the University of Birmingham, said Trump’s willingness to bring senior members of his cabinet and leading corporate bosses to Britain provided huge opportunities.

Other countries, including Brazil and India, had been hit by punishing tariffs because they had not shown enough “fealty”, he said.

“Trump is a mercurial figure who acts like a medieval king,” said Dunn. “Britain through quiet, careful diplomacy has managed to get reasonably favorable treatment.”

Britain was the first country to secure a reduction of Trump’s global tariffs when the two countries announced an economic deal in May. Lower levies on cars and aircraft parts were vital for companies like Jaguar Land Rover.

But Starmer’s influence has its limitations. While the UK’s steel sector faces 25% tariffs to sell into the US, versus 50% for other countries, Starmer did not succeed in bringing them lower during the trip.

The two leaders also agreed to disagree on the recognition of a Palestinian state, and there was little movement on Trump’s approach to Russia.

But the two men left on good terms, with Trump saying the US and Britain would always be united.

“And I just want to thank you, Mr Prime Minister, for the great job I think you’re doing,” he added. — Reuters

US Supreme Court to hear Trump’s tariffs case on November 5

PCFUEL.COM

The US Supreme Court on Thursday set a date of November 5 for arguments it will hear concerning the legality of Donald Trump’s sweeping global tariffs in a major test of one of the Republican president’s boldest assertions of executive power that has been central to his economic and trade agenda.

The justices announced on September 9 that they would take up the case after a lower court ruled that Trump had overstepped his authority in imposing most of his tariffs under a federal law meant for emergencies.

That ruling stemmed from challenges brought by small businesses and by 12 US states – Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York, Oregon and Vermont – most of them governed by Democrats. The Supreme Court, which begins its next nine-month term on October 6, also agreed to hear at the same time a separate challenge to Trump’s tariffs brought by a family-owned toy company, Learning Resources.

The tariffs are part of a global trade war instigated by Trump since he returned to the presidency in January that has alienated trading partners, increased volatility in financial markets and fueled global economic uncertainty.

Trump has made the levies a key foreign policy tool, using them to renegotiate trade deals, extract concessions and exert political pressure on other countries.

The US Court of Appeals for the Federal Circuit in Washington ruled on August 29 that Trump overreached in invoking a 1977 law known as the International Emergency Economic Powers Act, or IEEPA, to impose the tariffs. The tariffs, however, remain in effect during the appeal to the Supreme Court.

Trump in April invoked IEEPA in imposing tariffs on goods imported from individual countries to address trade deficits, as well as separate tariffs announced in February as economic leverage on China, Canada and Mexico to curb the trafficking of fentanyl and illicit drugs into the US.

The law gives the president power to deal with “an unusual and extraordinary threat” amid a national emergency. It historically had been used for imposing sanctions on enemies or freezing their assets. Prior to Trump, the law had never been used to impose tariffs. – Reuters

Trump applauds comedian Jimmy Kimmel’s suspension and renews call to punish broadcasters

JIMMY KIMMEL in Who Wants to Be a Millionaire. — IMDB

US President Donald Trump celebrated the suspension of talk-show host Jimmy Kimmel from the airwaves and said TV broadcasters should lose their licenses over negative coverage of his administration, adding fuel to a national debate over free speech.

Kimmel was embroiled in the effort by Trump and his supporters to punish critics of assassinated right-wing activist Charlie Kirk, who was shot with a rifle from afar while speaking to a crowd at a Utah university on September 10. Since then allies of Trump and Kirk have warned Americans to properly mourn the divisive figure or face the consequences.

The broadcaster ABC announced on Wednesday that it was yanking the late-night comedy show “Jimmy Kimmel Live” indefinitely. Writers, performers, former US President Barack Obama and others condemned Kimmel’s suspension, calling it capitulation to unconstitutional government pressure.

The American debate followed Trump to Britain on Thursday, when during his state visit he said Kimmel had been punished for saying “a horrible thing” about Kirk.

Since returning to the White House in January, Trump has used his office and the courts to attack unflattering speech about him that he has called defamatory or false. Throughout both his terms, Trump has threatened to rescind licenses for local broadcast affiliates of the national networks – licenses that are approved by the Federal Communications Commission, a nominally independent regulatory body.

Kimmel’s suspension came after owners of local TV stations had said they would stop broadcasting his celebrity-filled late-night show, and the FCC Chair Brendan Carr threatened to investigate Kimmel’s commentary about Kirk.

Trump, speaking to reporters aboard Air Force One as he returned to the US, complained about receiving bad publicity from broadcasters, saying, “That’s something that should be talked about for licensing. … All they do is hit Trump.”

“I would think maybe their license should be taken away,” Trump said, although federal law prohibits the FCC from revoking a broadcaster’s license for negative coverage or other speech disliked by the government. “It will be up to Brendan Carr.”

Kimmel, a comedian who frequently lampoons Trump, said during his nine-minute opening monologue on Monday that allies of Kirk were using his assassination last week to “score political points.” Kirk, 31, was shot onstage while holding one of his frequent public debates with students over his political views in an event organized by his pro-Trump advocacy group, Turning Point USA.

A 22-year-old technical college student from Utah was charged with Kirk’s murder on Tuesday.

“We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them, and do everything they can to score political points from it,” Kimmel said.

Trump countered that Kimmel was untalented, had bad ratings, and “said a horrible thing about a great gentleman known as Charlie Kirk.”

“So, you know, you can call that free speech or not,” Trump said as he stood alongside British Prime Minister Keir Starmer. “He was fired for lack of talent.” ABC has not said that it fired Kimmel, who has not commented on his removal from air.

Viewership of late-night shows and traditional TV in general has declined as audiences shift to streaming and social media. “Jimmy Kimmel Live” averaged 1.57 million viewers per episode for the TV season that ended in May, according to Nielsen.

In the week since Kirk’s murder, Kimmel is the most famous American to face professional blowback for comments condemned by conservatives as disrespectful of Kirk, alongside media figures, academic workers, teachers and corporate employees.

Prominent Democrats said Trump was mounting an assault on free speech rights guaranteed in the US Constitution’s First Amendment. Republicans have said they are fighting against “hate speech” that can spiral into violence, and accuse some Kirk critics of trying to justify his murder.

OBAMA JOINS CHORUS OF CRITICS
Obama urged media companies not to capitulate to government coercion.
“After years of complaining about cancel culture, the current administration has taken it to a new and dangerous level by routinely threatening regulatory action against media companies unless they muzzle or fire reporters and commentators it doesn’t like,” Obama said in a statement.

Writers’ and actors’ labor unions called the targeting of Kimmel an unconstitutional attack on the right to disagree. The American Civil Liberties Union called it an unconstitutional attempt by the Trump administration to “silence its critics and control what the American people watch and read.”

Kirk’s death spurred an outpouring of grief among fans who saw him as a staunch advocate for public debate and conservative values. Others have challenged or derided Kirk’s support for right-wing politics and Christian nationalism and derogatory comments he has made about immigrants, African Americans, leftists and transgender people.

Hours before Kimmel’s suspension on Wednesday, Carr urged local broadcasters to stop airing the show.

Following Carr’s comments on the Benny Johnson podcast, two of the largest owners of local broadcasters – Nexstar and Sinclair Broadcast Group, both of which have merger deals pending before the FCC – then announced they would preempt Kimmel’s show with other programming in response to Monday’s monologue.

ABC, owned by Walt Disney, announced it was suspending Kimmel’s show indefinitely. ABC owns eight local TV channels subject to FCC licensing, including broadcasters in the major markets of New York, Los Angeles, Chicago, Houston and Philadelphia.

Disney CEO Bob Iger and Disney Entertainment Co-Chair Dana Walden made the decision to suspend Kimmel’s show, a source with knowledge of the matter said. — Reuters

BDO dismisses ‘baseless’ viral claims on unauthorized transactions

BDO Unibank, Inc. said on Thursday that a viral social media post alleging there was system compromise and insider involvement in unauthorized transactions is baseless,
“BDO has put in place different features intended to protect clients’ accounts. These controls will not work if clients ignore warning signs and messages sent by the bank through official channels,” the Sy-led bank said in a statement.

On Sept. 15, a content creator Maria Jamila Cristiana Gonzales Berenguer, known as Jana Berenguer, claimed that three of her bank accounts were allegedly hacked after she saw a significant decrease in her balance.

Ms. Berenguer said that she did not receive a one-time password (OTP) for the transaction that happened around noon.

“The maximum amount for an online transaction is P50,000 to P100,000 per day, but they were able to withdraw almost P200,000,” she added in Filipino.

In her initial call with the bank, the client said that the case was dismissed as a hacking incident because she used her account’s QR Code for her business.

In a statement, BDO said it repeatedly tried to engage with Ms. Berenguer but was declined.
Through its own investigation, the bank said that a password reset was recorded on the client’s account on September 14, followed by a device registration.

A day before the reported incident, the reset and device registration were validated through an OTP on the registered device.

“There was no change in the mobile number used to receive the OTP. The client’s official device remains to be the device that receives official client communication,” BDO said.

It added that log-in and registration alerts were also sent to the client, along with transaction alerts sent six hours before the incident was reported via the BDO hotline.

The bank also noted that the client admitted in another media interview that her mobile device was “in the hands of other people at some point in time.”

“The Bank reiterates that transfer limits were not bypassed, and our security controls remain in place,” it said. “BDO’s system remains secure, with no evidence of any breach or insider involvement.” — Almira Louise S. Martinez

Magnitude 5.6 earthquake hits La Union, felt across Luzon

A magnitude 5.6 earthquake hit La Union province on Friday morning, and was felt in more than a dozen areas in Luzon, according to the Philippine Institute of Volcanology and Seismology (PHIVOLCS).

In its bulletin, PHIVOLCS reported that the earthquake occurred at 3:52 a.m., with its epicenter located 61 kilometers northwest of La Union, offshore, at a depth of 10 kilometers.

The tremor was felt in several areas across Luzon, with varying intensities, it said.

The quake registered an Intensity III in Bolinao and Bani, Pangasinan; Sinait and the City of Vigan, Ilocos Sur; and Bontoc, Mountain Province.

Intensity II was recorded in the City of Laoag, Ilocos Norte; Candon and Narvacan, Ilocos Sur; Bangar, La Union; the City of Dagupan; and Urdaneta and Lingayen, Pangasinan.

Meanwhile, Intensity I was observed in Dinalupihan and Orani, Bataan; the City of Baguio; Obando and Calumpit, Bulacan; Claveria, Cagayan; San Nicolas, Ilocos Norte; Tagudin, Ilocos Sur; the City of Malabon; Guagua, Pampanga; Umingan and Sison, Pangasinan; Ramos and Bamban, Tarlac; and Subic, Iba, Masinloc, San Marcelino, and Cabangan, Zambales.

PHIVOLCS said no damage is expected from the earthquake, but aftershocks are likely to occur. – Edg Adrian A. Eva