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Digitalizing legal services pushed

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THE Philippine Chief Justice underscored the need for technology-driven transformation to enhance efficiency and uphold ethical standards at the 20th National Convention of Lawyers organized by the Integrated Bar of the Philippines (IBP) last Jan. 30.

In his speech at the opening of the three-day event in Cebu City, Chief Justice Alexander G. Gesmundo said artificial intelligence (AI), blockchain, and data analytics can potentially improve the efficiency and accessibility of legal services.

“We realize that the next frontier can only be reached if we fully embrace the benefits that today’s advancements bring while ensuring that proper safeguards are placed,” he said in his keynote address.

He warned that while technology can enhance legal practice, it remains only a tool. “[It] enhances our functions but cannot replace the critical thinking and moral responsibility intrinsic to our profession.”

He further noted the use of these tools must align with ethical standards and dictates of fairness and justice.

Senior Associate Justice Marvic M.V.F. Leonen also detailed the judiciary’s shift to digital case management via eCourt PH 2.0. He stressed that AI could enhance, but not replace, human judgment in legal decision-making.

“By digitizing the complete process from filing to adjudication and providing real-time updates on case status, our lawyers can work more efficiently, hopefully alleviating their clients’ suffering promptly,” Mr. Leonen said in his lecture.

“Transitioning to a digital system allows these delays to be minimized, making the judicial process more transparent and equitable.” — Chloe Mari A. Hufana

PAGCOR shuts down Cebu Casino after posting net losses

CASINOFILIPINO.PH

THE Philippine Amusement and Gaming Corporation (PAGCOR) on Monday announced the closure of its Casino Filipino branch in Talisay, Cebu amid significant losses.

Meanwhile, another site in Tagum, Davao del Norte will likewise be shut down as part of the agency’s ongoing rationalization plan, it said in a statement on Monday.

“Given the sustained financial strain, continuing operations at these sites is no longer feasible,” PAGCOR Chairman and Chief Executive Officer Alejandro Tengco said in a statement.

PAGCOR said Casino Filipino Talisay, operated by Casino Filipino Cebu, posted net losses of P49.56 million last year after it lost P39.32 million in 2023.

On the other hand, P36.93 million in net loss has been recorded from the Casino Filipino Grand Regal-run Tagum location in 2024, following a P31.65-million net loss a year earlier.

Mr. Tengco said no employees will be displaced and assured that they will be transferred to different branches instead. — Aubrey Rose A. Inosante

Peso sinks as Trump’s tariffs roil markets

PHILSTAR FILE PHOTO

THE PESO fell against the dollar on Monday after US President Donald J. Trump followed through on his threats to impose tariffs on Canada, Mexico, and China.

The local unit closed at P58.66 per dollar on Monday, weakening by 29.5 centavos from its P58.365 finish on Friday, Bankers Association of the Philippines data showed.

The peso opened Monday’s session weaker at P58.44 against the dollar, which was already its intraday best. Its worst showing was at P58.72 versus the greenback.

Dollars exchanged decreased to $1.27 billion on Monday from $1.51 billion on Friday.

The peso weakened as the dollar was stronger after Mr. Trump on Saturday said he would impose 25% import tariffs on Canada and Mexico and 10% on China starting on Tuesday, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

“The peso closed lower on dollar strength as Trump made good of his tariff threats, implementing tariffs on Mexico, Canada, and China. He also threatened to impose 100% tariffs on BRICS countries,” a trader said by phone.

For Tuesday, the trader expects the peso to move between P58.50 and P58.58 per dollar, while Mr. Ricafort sees it ranging from P58.55 to P58.75.

The dollar surged on Monday, pushing its Canadian counterpart and Mexican peso to multi-year lows, while China’s yuan slumped to a record trough in offshore trade after Mr. Trump’s sweeping tariffs kicked off a trade war, Reuters reported.

The US dollar’s gains were broad, with the euro also dropping to a more than two-year low and the Swiss franc — despite typically acting as a safe haven — sliding to the weakest since May.

Investors also pared expectations of rate cuts from the Federal Reserve, trimming about 6 basis points, with futures roughly pricing a 54% chance of two cuts this year and 44% for just one in the wake of the tariff news.

The US dollar advanced 0.4% to 7.3462 yuan in the offshore market, having earlier pushed to a record high of 7.3765 yuan. Markets in China remained closed for the Lunar New Year and will resume trading on Wednesday.

The Mexican peso fell to its lowest in nearly three years at 21.2882 per US dollar and was last down 2.7% at 21.2583, while the Canadian dollar slumped to C$1.4755, a level not seen since 2003.

The Australian dollar hit a five-year low, while the New Zealand dollar fell to its lowest since October 2022. The two Antipodean currencies are often used as liquid proxies for the Chinese yuan.

The euro plunged as much as 2.3% to $1.0125 — the lowest since November 2022 — investors braced for tariffs on Europe from the Trump administration. The single currency was last down 1.25% at $1.02325.

The greenback added as much as 1.1% to 0.9210 per Swiss franc, the highest since last May, before trading at 0.9142 franc. Sterling fell 1% to $1.2264. Japan’s yen was more resilient, down slightly at 155.59 per dollar.

That left the dollar index, which measures the US currency against six other units, 0.11% firmer at 109.65. It had touched a three-week high in early trading. — A.M.C. Sy with Reuters

Bargain hunting halts PHL stocks’ five-day skid

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PHILIPPINE SHARES inched up on Monday to snap a five-day losing streak as investors bought bargains.

The Philippine Stock Exchange index (PSEi) rose by 0.34% or 20.45 points to 5,883.04, while the all shares index went up by 0.4% or 14.29 points to 3,534.61.

The PSEi flirted with the 6,000 level, opening higher at 5,986.65 versus its 5,862.59 close on Friday. It climbed to a peak of 5,994.04 intraday but returned to the 5,800 level by the end of the session.

“Monday’s action is deemed as a technical bounce with investors hunting for bargains following a five-day decline,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.

“The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) for January, which posted an expansion at 52.3, also helped in Monday’s climb,” he added.

The January PMI was a five-month low and was down from 54.3 in December. A PMI reading above 50 means better operating conditions, while a reading below 50 shows deterioration.

“Philippine shares got off to a lukewarm start despite the selloff last Friday as investor sentiment soured after the announcement that new tariffs on major trading partners would be implemented, raising concerns about trade tensions and economic uncertainty,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

Asian stock markets slumped on Monday and European and US equity futures pointed sharply lower after US President Donald J. Trump’s tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth, Reuters reported.

Mr. Trump slapped Canada and Mexico with duties of 25% and China with a 10% levy at the weekend, calling them necessary to combat the flow of migrants and fentanyl into the US.

Canada and Mexico immediately vowed retaliatory measures, and China said it would challenge Mr. Trump’s levies at the World Trade Organization.

The tariffs, outlined in three executive orders, are due to take effect at 12:01 a.m. ET (0501 GMT) on Tuesday.

Back home, the majority of sectoral indices rose on Monday. Property climbed by 1.79% or 39.49 points to 2,243.30; industrials rose by 0.67% or 54.86 points to 8,210.84; mining and oil went up by 0.41% or 28.55 points to 6,920.68; financials increased by 0.35% or 7.8 points to 2,180.80; and holding firms added 0.11% or 5.61 points to end at 4,915.42.

Meanwhile, services dropped by 0.95% or 18.5 points to 1,923.42.

Value turnover declined to P11.37 billion on Monday with 1.26 billion issues traded from the P21.61 billion with 1.76 billion shares exchanged on Friday.

Decliners outnumbered advancers, 131 versus 81, while 30 names were unchanged.

Net foreign buying went up to P695.09 million on Monday from P594.22 million on Friday. — Revin Mikhael D. Ochave with Reuters

SC tapped to compel oath-taking of party-list nominee

The House of Representatives is seen at the Batasang Pambansa Complex in Quezon City. — PHILIPPINE STAR/MIGUEL DE GUZMAN

A PARTY-LIST group for persons with disabilities (PWDs) asked the Supreme Court (SC) on Monday to compel the House Speaker to conduct the oath of office of the group’s first nominee by filing a writ of preliminary injunction.

The Komunidad ng Pamilya, Pasenyente, at Persons with Disabilities (P3PWD) through its President Grace S. Yeneza and first nominee Maria Camille L. Ilagan, asked the top court to compel Speaker Ferdinand Martin G. Romualdez to conduct the oath of office of Ms. Ilagan as the group’s first representative.

They also asked the high court to quickly issue an order requiring Mr. Romualdez to swear in Ms. Ilagan and to make that order permanent.

In its urgent petition for mandamus and a writ of preliminary mandatory injunction, the P3PWD party list said Ms. Ilagan’s inclusion as a House member is justified based on the high court’s November 2024 ruling, which instructed the party list to submit new nominees, excluding those whose previous substitutions were invalidated, such as former Comelec Commissioner Rowena V. Guanzon.

The party list said it submitted a new list of nominees on Dec. 3, 2024, which the Commission on Elections (Comelec) approved on the same day.

On Dec. 9, 2024, Ms. Ilagan presented herself to the Office of the House Secretary-General and submitted her documents, including her Certificate of Proclamation dated Dec. 3, 2024, her Oath of Office, and a certification from the Comelec Secretary.

Despite this, no oath-taking occurred before Mr. Romualdez, the petition said.

“Despite the final and executory ruling of this Honorable Court in the Subject Decision affirming petitioner P3PWD’s electoral mandate and entitlement to a seat in the House of Representatives, neither the Office of the Secretary-General nor respondent Honorable Romualdez has taken any step to set petitioner Ilagan’s oath-taking as the duly elected Representative of petitioner P3PWD in the 19th Congress,” it added.

Mr. Romualdez’s office did not immediately respond to a Viber message seeking comment.

Congress has two regular sessions days before it adjourns on Feb. 7 ahead of the May 2025 midterm polls. It will resume sessions from June 2 to 13, leaving Congress with six session days before the 19th Congress closes. — Chloe Mari A. Hufana

Six face criminal charges over coin mutilation

BW FILE PHOTO

THE Bangko Sentral ng Pilipinas (BSP) and the Philippine National Police (PNP) have filed charges against six individuals found mutilating coins.

In a statement on Monday, the central bank said it filed “criminal complaints against six individuals who were recently arrested for willfully destroying Philippine coins.”

“The individuals were apprehended in separate entrapment operations conducted by the BSP and the PNP in Siquijor and Boracay in Aklan.”

The charges were filed before the Siquijor Provincial and Aklan Provincial Prosecutor’s Offices.

“The suspects include one person identified as ‘Jess’ who went viral on social media for willfully destroying a 10-Piso coin and turning it into a ring in Siquijor; and another one who was also caught doing the same illegal activity in Boracay.”

The penalty for the mutilation of Philippine banknotes and coins can be imprisonment of up to five years and/or a fine not exceeding P20,000. — Luisa Maria Jacinta C. Jocson

Villager dead, army agent hurt in Maguindanao del Sur attack

COTABATO CITY — A Moro villager was killed, while an Army intelligence agent was wounded in a gun attack in Radjah Buayan, Maguindanao del Sur on Sunday.

Brig. Gen. Romeo J. Macapaz, director of the Police Regional Office-Bangsamoro Autonomous Region in Muslim Mindanao, told reporters on Monday that the incident left Jabber Amil Ambal, a resident of Barangay Dapantis, dead.

Mr. Macapaz said Mr. Ambal and an intelligence operative of the Army’s 33rd Infantry Battalion were together at one spot in Barangay Dapantis when men riding motorcycles together came close and shot them with pistols.

Mr. Ambal died instantly from gunshot wounds sustained in the attack.

The plainclothes army intelligence operative, who was hit by bullets in his left arm, is now confined in a hospital.

The residents said the gunmen could be members of either the Bangsamoro Islamic Freedom Fighters, or its ally, the Dawlah Islamiya, according to Mr. Macapaz. — John Felix M. Unson

Cagayan province’s NPA vice-commander surrenders

BAGUIO CITY — Policemen claimed the vice-commander of the New People’s Army (NPA) in Cagayan, known as “Ka Kulot,” has voluntarily surrendered over the weekend, leaving a heavy blow to the already dwindling number of communist rebels operating in that northeastern province.

“Ka Kulot” reportedly served as the group’s intelligence officer and member of the Provincial Committee of the Cagayan Abraham Command of the NPA before being designated as Cagayan vice-commander.

According to Jefferson D. Mukay, commander of the 2nd Cagayan Provincial Mobile Force Company (PMFC) of the Philippine National Police, “Ka Kulot” spent two decades of his life in the rebel movement and decided to finally turn his back on the rebel movement with his family’s intercession.

The rebel official met with policemen, military intelligence operatives and his family at the hinterlands in barangay Dagupan, Lal-lo town, Mr. Mukay said.

According to authorities, “Ka Kulot” was considered as Cagayan Valley region’s “Regional Topmost Wanted” because of various criminal cases he was facing, including robbery with arson, violation of Republic Act 11479 (Anti-Terrorism Act of 2020), robbery, murder, attempted murder, and a case of other mischief. — Artemio A. Dumlao

Senate passes mining tax regime measure

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THE SENATE approved on third and final reading on Monday a bill setting up a five-tier margin-based royalty and windfall profit system for the mining industry, which is expected to raise the government’s share of mining profits.

By a vote of 18-1 with zero abstentions, the chamber approved Senate Bill No. 2826, a priority measure that sets royalty tiers ranging range from 1% to 5%, while the five-tier windfall profit tax system will range from 1% to 10%.

Currently, mining firms pay corporate income tax, excise tax, royalty, local business tax, real property tax and fees to indigenous communities.

The House of Representatives approved its version of the bill in September.

Under House Bill No. 8937, large-scale miners inside mineral reservations must pay the government only 4% of their gross output, while the Senate version requires them to pay 5%.

The House version proposes an eight-tier margin-based royalty regime ranging from 1.5% to 5% and a 10-tier windfall profit tax system ranging from 1% to 10%.

According to the third-reading copy of the Senate bill, mining companies will be barred from exporting raw ore five years after the measure takes effect.

Senator Joseph Victor G. Ejercito, who sponsored the measure, told a news briefing last week that the provision would encourage investment in domestic mineral processing, compelling mining companies to construct their own plants.

“The rationale is for the mining firms to establish their processing plants because we want the finished product instead of just putting out raw materials for export,” he said last week.

The Chamber of Mines of the Philippines backs the bill but called on senators to scrap the raw ore export ban, saying it would lead to hundreds of thousands of job losses.

The chamber said mining companies are unlikely to finish building their plants within five years, adding that the ban could disrupt mineral trading.

“It’s still an additional tax take. Considering our increased budget, every little increase in the tax collection is important,” Eleanor L. Roque, tax principal of P&A Grant Thornton, said via Viber, commenting on the bill’s approval.

She said the Department of Finance’s estimate of additional revenue of P6.26 billion would not be a substantial boost to state revenue in the long run.

In October, Australian Ambassador to the Philippines Hae Kyong Yu said that the Australian Embassy in Manila had brought in Australian mining tax experts to work with their Philippine counterparts while Congress was working on the mining tax bill.

The embassy has also been encouraging Australia’s mining industry to partner with their Philippine counterparts on best practices. — John Victor D. Ordoñez

Site search is on for north terminal exchange

THE Department of Transportation (DoTr) said it is evaluating candidate sites for an integrated transport terminal in northern Metro Manila.

“We’re still looking for a suitable site which can connect to either the North-South Commuter Railway or Metro Manila Subway,” Transportation Jaime J. Bautista told reporters on the sidelines of a groundbreaking event in Taguig City on Monday.

Mr. Bautista said the DoTr is preparing a feasibility study which is expected to be complete within a few months.

Mr. Bautista said the proposed terminal is different from the new transport hub planned fort a three-hectare lot in Quezon City owned by the Government Service Insurance System.

In April, Mr. Bautista said the DoTr was in talks with bus company Victory Liner for a possible private-public partnership to establish an integrated terminal exchange in northern Metro Manila, similar in concept to the Parañaque Integrated Terminal Exchange (PITX). One of Victory Liner’s major terminals is in Caloocan City.

Also on Monday, the DoTr signed an agreement with San Miguel Corp. (SMC), Ayala Land, Inc., the Veterans Federation of the Philippines, and other government agencies for the right of way for the first phase of the Southeast Metro Manila Expressway (SEMME).

SEMME is a 32.7-kilometer toll road project expected to cost over P45 billion. It aims to connect the South Luzon Expressway Skyway system at the Arca South estate in Taguig City to the Batasan Complex in Quezon City.

The expressway is expected to provide an alternate route from the south to eastern Metro Manila, including Rizal province. It will benefit up to 88,338 motorists daily.

The project is expected to cut travel time from Bicutan to Batasan to under 30 minutes from about two hours.

According to a timetable given to reporters during the event, Section 1A (Skyway to FTI), Section 1B (FTI to C5/Diego Silang), and Section 2 (C5/Diego Silang to C6/Taguig) will each be finished in 24 months.

On the other hand, Section 3 (C6/Taguig to Ortigas Ave. Ext.), Section 4 (Ortigas Ave. Ext. to Marcos Highway), Section 5 (Marcos Highway to Tumana), and Section 6 (Tumana to Batasan) will each be completed in 36 months.

The project will be operated by SMC, with the Philippine National Construction Corp. as joint venture partner. — Revin Mikhael D. Ochave

IPAs targeting more types of electronics firms

REUTERS

INVESTMENT promotion agencies (IPAs) are seeking to attract more types of companies engaged in electronics manufacturing services and semiconductor manufacturing services (EMS-SMS).

In a statement on Monday, the Philippine Economic Zone Authority (PEZA) saidt it discussed the next steps for the EMS-SMS industry with the Board of Investments (BoI) during a Semiconductor and Electronics Industries in the Philippines Foundation (SEIPI) board meeting.

In particular, PEZA said that the discussion revolved around the push to explore other types of EMS-SMS businesses to attract to the Philippines.

During the meeting, PEZA pitched the inclusion of power electronics and printed circuit board (PCB) design companies in the priority investment list.

This subsector’s products include multi-layer ceramic capacitors, silicon carbide, power devices, micro-inverters, and PCBs as the platform for integrated circuits (IC).

“These will complement the product segments identified by the BoI, such as ATP (assembly, testing, and packaging), IC design, and electronics manufacturing services,” PEZA said.

“Leveraging the Philippines’ strong partnership with the US and its performance in the ASEAN region, PEZA strengthens initiatives towards attracting more industries into the country, especially those into electronics and semiconductor manufacturing,” it added.

The EMS-SMS industry is among the industries identified by the Marcos administration as a priority industry to attract investment from this year.

This dovetails with “the various advantages the Philippines is presented with, like the US CHIPS and Science Act and the renewed talks for a PH-US free trade agreement (FTA).”

Last month, the Department of Trade and Industry said that it will renew its efforts to secure a bilateral FTA with the US. — Justine Irish D. Tabile

GSIS launches loan consolidation program

The Government Service Insurance System headquarters in Pasay, Philippines. May 28, 2012. — BW FILE PHOTO

THE Government Service Insurance System (GSIS) has launched a loan consolidation program offering relief for indebted government workers.

“Through the MPL (Multi-Purpose Loan) max, we are throwing a lifeline to our members who are weighed down by debt. This goes beyond consolidating loans — we are helping our members rebuild their lives by creating a clear path to financial recovery and stability,” GSIS President and General Manager Jose Arnulfo A. Veloso said in a statement on Monday.

Under the program, GSIS will sign a memorandum of agreement with government agencies, whose employees will be able to combine all their loans into a single loan that offers lower interest rates and extended payment terms.

Qualified borrowers may borrow up to 19 times their salary or P5 million, whichever is lower, with payment terms extending up to 10 years.

Loan insurance coverage is also included in the program at no additional cost, as well as the option to pre-terminate without penalty.

The GSIS also eliminated surcharges on existing GSIS loans and waived all service fees.

To qualify for MPL max, members must have paid at  least one month of premium contributions within the past six months, have no activemulti-purpose loans, and have not defaulted on any GSIS Financial Assistance Loans. 

“They must also be free of administrative or criminal cases, and have sufficient net take-home pay as required by the General Appropriations Act,” GSIS added. — Aaron Michael C. Sy