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Facebook exposes mercenary spy firms that targeted 50,000 people

REUTERS

WASHINGTON — Facebook owner Meta Platforms Inc. is calling out half a dozen private surveillance companies for hacking or other abuses, accusing them in a report published Thursday of collectively targeting about 50,000 people across its platforms.  

The company’s fight with the spy firms comes amid a wider move by American tech companies, US lawmakers, and President Joseph R. Biden, Jr.’s administration against purveyors of digital espionage services, notably the Israeli spyware company NSO Group, which was blacklisted earlier this month following weeks of revelations about how its technology was being deployed against civil society.  

Meta is already suing NSO in a US court. Nathaniel Gleicher, Meta’s head of security policy, told Reuters that Thursday’s crackdown was meant to signal that “the surveillance-for-hire industry is much broader than one company.”  

Meta’s report said it was suspending roughly 1,500, mostly fake accounts run by seven organizations across Facebook, Instagram, and WhatsApp. Meta said the entities targeted people in more than 100 countries.  

Meta did not provide a detailed explanation of how it identified the surveillance firms, but it operates some of the world’s biggest social and communications networks and regularly touts its ability to find and remove malicious actors from its platforms.  

Among them is Israel’s Black Cube, which became notorious for deploying its spies on behalf of Hollywood rapist Harvey Weinstein. Meta said the intelligence firm was deploying phantom personas to chat its targets up online and gather their emails, “likely for later phishing attacks.”  

In a statement, Black Cube said it “does not undertake any phishing or hacking” and said the firm routinely ensured “all our agents’ activities are fully compliant with local laws.”  

Others called out by Meta include BellTroX, an Indian cyber mercenary firm exposed by Reuters and the internet watchdog Citizen Lab last year, an Israeli company called Bluehawk CI, and a European firm named Cytrox — all of whom Meta accused of hacking.  

Cognyte, which was spun off from security giant Verint Systems Inc. in February, and Israeli firms Cobwebs Technologies were accused not of hacking but of using fake profiles to trick people into revealing private data.  

Cognyte, Verint, and Bluehawk did not immediately return messages seeking comment.  

In an e-mail, Cobwebs spokesperson Meital Levi Tal said the company drew on open sources and that its products “are not intrusive by any means.” Messages left with Ivo Malinovski — who until recently identified himself as Cytrox’s chief executive on LinkedIn — received no immediate response. BellTroX founder Sumit Gupta has not returned Reuters reporters’ messages since his firm was exposed last year. He had previously denied wrongdoing.  

Mr. Gleicher refused to identify any of the targets by name but Citizen Lab, in a report published at the same time as Meta’s, said that one of Cytrox’s victims was Egyptian opposition figure Ayman Nour.  

Mr. Nour blamed the Egyptian government for the spying, telling Reuters in an interview from Istanbul that he had long suspected he was under surveillance by officials there.  

“For the first time I have evidence,” he said.  

Egyptian authorities did not immediately respond to a request for comment.  

Mr. Gleicher said other targets of the spy firms included celebrities, politicians, journalists, lawyers, executives and regular citizens. Friends and family of the targets were also swept up in the espionage campaigns, he said.  

Meta cybersecurity official David Agranovich said he hoped Thursday’s announcement would “kickstart the disruption of the surveillance-for-hire market.” There were some signs that other social media firms were taking similar action, with Twitter announcing the removal of 300 accounts a few hours after Meta’s announcement.  

Whether the takedowns deal the companies involved more than a temporary setback remains to be seen. Two of the companies, Black Cube and BellTroX, have bounced back after being embroiled in previous spy scandals.  

Mr. Gleicher said that targets of the spy firms would receive automated warnings, but he said Facebook would stop short of identifying the specific firms involved or their clients. That’s despite the fact that Facebook said it had identified several customers of Cobwebs, Cognyte, Cytrox, and Black Cube — the latter of which includes law firms.  

Marta Pardavi, one of several Hungarian human rights defenders who say they were targeted by Black Cube in 2017 and 2018, said she was gratified by the news of Facebook’s report but wanted more information.  

“They name law firms,” she said. “But law firms have clients. Who are the clients for these law firms?” — Raphael Satter and Elizabeth Culliford/Reuters 

Information Security Officer’s Group closes 2021 with successful cybersecurity campaign

More than 3,000 information technology (IT) professionals across the country viewed and joined the Information Security Officers Group (ISOG)’s month-long cybersecurity campaign named “I Am Secure 2021: The Great Shift,” which provided learning and networking programs that strengthen the country’s cybersecurity strategies in the new normal.

The campaign kick-started with a virtual augmented venue opening on Oct. 8. Followed by a 3-day conference held on Oct. 13 to 15, the online conference with the theme Securing the New Cyber Norm aimed to reinforce the professionals, experts, and decision-makers in the field of cybersecurity. The online event was graced by local and international C-level executives, Chief Information Security Officers, Chief Technology Officers, Data Privacy Officers, Security Architects, Risk and Compliance Heads, experts in cybersecurity, data privacy, banking and finance industries, and even professionals from the academe, public, and private sectors.

“As we continue to adjust to the changing needs of the new normal, ISOG’s goal is to help empower the companies and institutions that strive hard to keep our country’s economy afloat by strengthening their strategies against digital disruption and cyber-attacks,” ISOG President Archie Tolentino said.

Attendees got insightful messages and action plans from keynote speakers including Bangko Sentral ng Pilipinas Deputy Governor of the Financial Supervision Sector Chuchi Fonacier, National Privacy Commission Chairman and Commissioner Raymund Liboro, Bankers Association of the Philippines President Jose Arnulfo Veloso, and Department of Information and Communications Technology Secretary Gregorio B. Honasan II.

A roster of thought leaders and speakers from various global organizations also provided informative presentations on artificial intelligence in cybersecurity, securing the edge in the new norm, network detection and response, and financial cyber threat, among others. To give the attendees an engaging summit experience, the presentations and webinars came with an augmented staging in a 3D digital venue. The state-of-the-art and globally awarded virtual venue platform gave the attendees access to an interactive lobby, breakout rooms, halls, and networking lounge.

“At ISOG, it is our mission to constantly improve cybersecurity defenses and capabilities essential in combating sophisticated cyber threats. This event summit is one of our ways to equip, engage, establish and empower more and more IT professionals in the country with a resilient and strategic cybersecurity mindset,” ISOG Vice-President and 2021 ISOG Summit Chairman Chito Jacinto stated.

The event summit was followed by special webinars held on Oct. 28 and Nov 4. The webinars were graced by representatives from government institutions and influential personalities such as Commission on Elections Spokesperson James Jimenez, Director General of Anti Red Tape Authority (ARTA) Sec. Jeremiah Belgica, Deputy General of ARTA Bgen Carlos Quita, and The Apprentice One Finalist and Philippine representative Louie Sangalang. Likewise, leaders from top cyber security companies shared their insights and experiences on how to lead organizations in establishing a culture of cyber resilience in the new norm.

A part of the proceeds of this campaign were used for ISOG’s corporate social responsibility projects, Balik Eskwela Program and E-sikyo. The Balik Eskwela Program provided 100 dual sim tablets and wi-fi load to public schools in Metro Manila, namely Gat Andres Bonifacio Elementary School in Taguig, President Diosdado Macapagal High School in Taguig, Camp General Emilio Aguinaldo Highschool in Quezon City, and Batino Elementary School in Quezon City. Moreover, the Balik Eskwela Program gave scholarship grants to Manila Science High School Foundation and Adamson University. Meanwhile, the E-sikyo provided Decathlon bike helmets to security guards of ISOG core incorporator banks and other institutions such as Landbank, Eastwestbank, RBCB, PSBank, Metrobank, Cebuana Lhuillier, Veterans Bank, Citibank, Chinabank, UCPB, and Accralaw.

Among the partners of ISOG in the success of this campaign were: Trends and Technologies; Globe Business; Cilynx; Qualys; BlueVoyant with Microsoft; Huawei; Trendmicro with Netsec Technologies and VST ECS Phils Inc; Exclusive Networks with Crowdstrike and Imperva; Westcon with Palo Alto Networks, CyCognito, Darktrace, Guardicore, Tanium; MDI-Novare with FireEye Mandiant; Fortinet, Netpoleon with Netscout F5; Nexus with Extrahop; Akamai; Group IB; Blancco; Tenable; Gigamon; Arcon; M-Security with RSA Netwitness; Aptsecure Technologies with Seclore; Everest IMS; ITSDI with Stellar Cyber; Recorded Future; TIM with V-Key; Computrade with Entrust;  IPV Network; Solarwinds; Infoblox; Cohesity; and Inspira.

The media partners were Philippine Daily Inquirer, BusinessWorld, The Manila Times, Back End News, digi-ph.com, blog-ph.com, nonoynet.com, and The CODE Warrior.

ISOG, a team founded by information security experts from different Philippine financial institutions, has been organizing security summits since 2015 to strengthen cybersecurity awareness and espouses a secured network infrastructure. Next year, the organization will hold a series of hybrid forums to discuss the technological implications of the metaverse and the impact this will create in the enterprise landscape, especially in the banking and finance industries, as well as the public sector. To celebrate cybersecurity month and ISOG’s 7th anniversary as the premier cybersecurity organization in the country, ISOG will also hold the first ISOG Awards event in October 2022 to give due recognition to its members and partners for their valuable contributions to the success of the organization and its objectives.

Follow their linkedin page: https://www.linkedin.com/company/isog2021.

Youtube channel: https://youtube.com/channel/UCcFwdD0sXea5IsC4MZXgswA.

 


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WTO chief says vaccine answer close, but facing effort to block it     

REUTERS

BRUSSELS — The World Trade Organization (WTO) is close to resolving a dispute over how to spread coronavirus disease 2019 (COVID-19) vaccines more widely and fairly, but facing an “orchestrated effort” to block a deal, the body’s chief said on Thursday.  

WTO Director-General Ngozi Okonjo-Iweala told Reuters she had held talks this month with trade ministers from India, South Africa, the European Union and the United States on how to break an impasse over the issue of intellectual property (IP) rights.  

Agreement is needed to allow some technology transfer to developing countries without manufacturers there at risk of being sued, she said.  

This could help redress the gap between the vaccination rate in Africa of only 8% and 67% in developed countries that she pointed to, as well as providing vaccines that were affordable and easy to distribute.  

“Ease of use, ease of distribution and affordability. These are things that could be unleashed much more if we came to these kinds of agreements,” she said.  

“We are getting close to an answer, a solution,” she said. “On the other hand, it looks to me that there is an orchestrated effort to block success on the issue.”  

India and South Africa have proposed waiving intellectual property rights for COVID-19 vaccines and treatments, but developed members such as the European Union, Britain and Switzerland argue it would be better to use existing WTO rules that allow countries to award licenses to local producers.  

Discussions on the issue at the WTO, which takes decisions by consensus, have been deadlocked for more than a year. Ms. Okonjo-Iweala said she had brought the main actors together, with technical experts now trying to settle details.  

However, the WTO head said information on delicate negotiations had since been exposed through leaks to the media, putting a “chill” on the process.  

“It’s not inadvertent. I think it’s a deliberate means of stopping negotiations and stopping an answer. The thing is millions of lives depend on this … Continents like Africa are waiting for this,” she said.  

She said it was hard to pinpoint who was responsible and did not refer to any particular report, but said they were causing mistrust.  

In just one of several examples of purported details leaking out, sources in a report in trade publication Washington Trade Daily on Wednesday referred to a waiver of IP rights needing to go beyond just vaccines, as the United States has proposed, and talked of the “obdurate stance” of the European Union.  

Ms. Okonjo-Iweala said all four parties to the talks had mentioned that they wanted a solution quickly and that she would continue her work towards this end. They had also agreed on a framework that could lead to a solution satisfactory to both sides.  

“No one side will get 100%, but it’s a satisfactory solution that I think both sides could sign onto. We are very much moving in that direction,” she said. — Philip Blenkinsop/Reuters

Embracing change in times of uncertainty

Life couldn’t be happier and the future brighter for Jordan Christopher Niu and his family until the COVID-19 pandemic came and cast a long shadow over everything. “At the start of the pandemic last year, everything seemed so uncertain,” Jordan relates. “It was a very stressful and anxious time for me as I tried to navigate my way through the pandemic. I needed to keep my mental health in check to adjust to staying home/working from home, not socializing and going out with friends. One of the biggest challenges for me was how to go about my work at Sun Life because most of my clients did not want to meet me face to face and even I myself was scared to go out to meet people.”

DIGITALLY READY

Armed and ready, Sun Life Philippines, the country’s leading and oldest life insurance company, faced up to the challenge. “We started doing business the digital way,” Jordan points out. “It was tough during the first few months as there were technical glitches here and fhere, and we were all new to this. But in time, it got way better.”

 

Jordan Christopher Niu, Palm, Macaulay Club Senior Vice President Qualifier

He elaborates, “One big challenge for me was learning the digitally-enabled processes of doing business, as introduced by Sun Life, from prospecting and selling to submitting the application, paying premiums and servicing our clients. It was difficult enough to close a sale in a face-to-face setting with a client, so I just couldn’t imagine how much more difficult it would be to close a sale while meeting over a Zoom or video call! It was a good thing some of our big clients were willing to meet with us at the beginning of the pandemic since they were also more comfortable discussing personally, but of course, we all had to observe the proper safety and health protocols.”

LESSON LEARNED

If there’s one lesson Jordan learned from this pandemic, it is that one needs to be resilient. He shares these tips, “As the pandemic continues to impact the financial aspect of our lives, you’ll need to plan and build your financial security, for yourself and your family. Save up more, build an emergency fund, trim your unnecessary expenses, invest part of your savings/excess funds whenever possible. Invest in Mutual Fund/Single Pay VUL (Variable Universal LIfe). Better yet, buy life insurance and health insurance since we don’t know when this pandemic will end.”

Most beneficial for families, Jordan recommends, are life insurance and health insurance. He specifies, “Breadwinners should be insured first to protect and replace lost income. I’d recommend the Maxilink Prime Regular Pay VUL product, as well as the Fit and Well products for critical illness protection. If they have excess money to invest, our Maxilink One Single Pay is a good product to invest in, specially for our high-networth clients. Aside from the potential appreciation/upside of the investment, there’s the additional 125-percent feature. The main advantage of this single pay product is that it’s estate tax-free, unlike mutual funds or traditional bank products.”

LITTLE WAYS MAKE A BIG DIFFERENCE

This global crisis, says Jordan, has taught us that the world is but a family and we all need to look after each other. “In our own little way, we tried to help whenever we could, mostly by giving financial assistance or sending medicines to friends who got infected with COVID-19 or donating to various cause-oriented groups. During the lockdowns, we continued to give salaries to our secretary and driver so that they had a means of livelihood even if they did not go to work.”

Even mothers and housewives can help augment the family income by embarking on online selling businesses, like selling food, clothes, health and beauty products, or joining sales networking groups.

In addition, Jordan suggests, “Of course, for me, the best is for them to join our company to promote and sell life insurance to help secure the future of more families.”

While taking care of his family, Jordan made sure he was also physically fit and healthy. However, he confesses, “With all the food deliveries around and as you were likely to eat more while quarantined at home, staying healthy during the pandemic was a challenge. I played tennis whenever I could and also ran in my elliptical trainer. It’s important to exercise, eat healthy, get enough sleep, and to not stress yourself.”

Jordan can’t stress this enough: Embrace uncertainty. Plan ahead and be prepared. Don’t wait for the clouds to clear or the darkness to go away. For surely, tomorrow, the sun will shine.

Jordan Christopher Niu is a Senior Vice President Macaulay Club Qualifier.

For more information and inquiries, visit the Sun Life website at https://www.sunlife.com.ph/en/.

 


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Celebrate the holiday season at Grand Hyatt Manila

Celebrate the holiday season at Grand Hyatt Manila's world-class restaurants.

Grand Hyatt Manila welcomes the Christmas season with an exciting lineup of surprises, stays, feasts, and treats to delight one and all. This year’s decor displays a unique and rich hue of purple, blending elegantly with silver glitter ornaments and the iconic chandeliers of the hotel. The 24-ft stunning centerpiece makes a beautiful sight as guests walk in the grand lobby. Make your holidays brighter as you reconnect and create unforgettable memories with your loved ones by having a Grand festive celebration in the city.

A Grand and Safe Holiday Staycation

Have a worry-free and relaxing vacation without venturing too far from home. Book a 2-night holiday stay at Grand Hyatt Manila and get your 3rd night for free, inclusive of complimentary breakfast for all registered guests, high-speed Wi-Fi, and access to the swimming pool, fitness center, and Illume spa. This offer is valid for stays from Dec. 15, 2021 to Jan. 15, 2022.

A Holiday Feast

Recover the times missed with family and friends and discover new moments of joy this wonderful time of the year while you dine at Grand Hyatt Manila’s world-class restaurants. The Grand Kitchen will serve a world of flavors thoughtfully curated in a Christmas set menu, available for Christmas Eve dinner, Noche Buena, and for lunch and dinner on Christmas day. The rate is at P3,800 net per person, which includes free-flow of chilled juices and iced tea. The New Year’s Eve dinner set menu is priced at P4,200 net per person.

Special menus are available on Dec. 24, 25 and 31 in the hotel’s specialty restaurants. Indulge in an extravagant 5-course dinner with a stunning view of the city at The Peak Grill starting at P5,000 net per person. Guests who opt for an al fresco dining by the pool can enjoy a sumptuous barbecue grill feast at the Pool House at P2,800 net per person for Christmas and P3,200 net on New Year’s Eve. The Cellar will be reopening on these special days with a dinner set menu starting at P2,500 net per person. Diners will feel the magic all around when they feast at The Lounge while enjoying the view of the hotel’s grand Christmas tree. Set dinner is priced at P1,750 net per person. A special festive afternoon tea is also available daily at The Lounge until Dec. 31, from 2:30 p.m. to 5:30 p.m. at P2,400 net for two persons. Feast on No. 8 China House’s best-selling Peking duck and other seasonal Cantonese dishes on Dec. 24, 25, 31, and Jan. 1 at P10,880 net for lunch and P12,880 net for dinner, good for 4 persons.

Families can also enjoy a Grand Hyatt experience at home with the hotel’s delectable culinary sets and festive savory dishes such as the traditional Christmas turkey, maple and cinnamon glazed ham, homemade dill cured salmon, roast mulwarra rib eye, and more, available until 2 January 2022, through the hotel’s Dine at Home. Visit bit.ly/DineAtHomeGHM to order.

Festive Gifts and Treats

All I Want for Christmas hamper

Guests may take home the hotel’s handcrafted holiday hampers wrapped in elegant and festive packaging, perfect for gatherings at home or as a gift for loved ones. Choose from three varieties containing an array of confectionery goodness such as Grand Hyatt Manila’s signature coffee and chocolate, Florentine and gingerbread cookies, Christmas fruitcake, wines, panettone, and more. Price starts at P5,000 net.

Give Light to Your Festive Spirit

Grand Hyatt Manila, in partnership with its non-profit partner UPLiFT (Urban Program for Livelihood Finance and Training) and various Philippine artisans, has created a lineup of hand-poured scented candles that will surely illuminate the spirit of hope and joy in the lives of many.

These specially created candles are made of natural wax, infused with a special blend of essential oils, and packed in a beautifully crafted box, making it a perfect gift for loved ones this Christmas.

Grand Hyatt Manila revels in creating value for the community where access to resources and opportunities to prosper are within reach for all people at all times. The goal is to help individuals in these challenging times, to recover, rebuild, and thrive again. This partnership is in support of UPLiFT’s commitment to help entrepreneurial underprivileged communities achieve a brighter future through financial and social livelihood assistance.

Guests are invited to share the heartfelt joy of Christmas through a simple act of kindness that can go a long way in driving a sustainable planet and creating opportunities to help transform lives and communities. The bespoke candle collection is available exclusively at Grand Hyatt Manila’s Florentine.

Memorable moments await guests, who are encouraged to share their holiday stories with the hashtag #ChristmasAtGrandHyattManila. Guests may get a chance to win a staycation with breakfast for two persons at Grand Hyatt Manila when they post a photo with the hotel’s Christmas tree on their Instagram pages using the hashtag and by tagging @grandhyattmanilaph.

For inquiries or reservations, call +63 2 8838-1234 or email manila.grand@hyatt.com. Stay connected, like and follow @GrandHyattManilaPh on Facebook and Instagram.

 


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Miss Universe Philippines 2021 Beatrice Luigi Gomez receives her brand-new MG ZS Alpha Crossover SUV

Lyn M. Buena, executive vice-president and director of Marketing and Communications Services for MG Philippines, with Miss Universe Philippines 2021 Beatrice Luigi Gomez at the ceremonial turnover of Ms. Gomez’s brand new MG ZS Alpha Crossover SUV.

Miss Universe Philippines 2021 Beatrice Luigi Gomez ends the year as an official MG owner.

After a successful run in the Miss Universe Philippines 2021 pageant, Ms. Gomez earned the highest honor and, along with the crown, was given the keys to her very own MG ZS Alpha Crossover SUV.

Ms. Gomez represented the Philippines at Miss Universe 2021 held in Eilat, Israel, and while she chases her dreams in the international stage, she is likewise eager to fulfill her duties as this year’s Miss Universe Philippines behind the wheel of her new MG ZS SUV.

“I’m going to name her ‘Raven,’ and she’s going to be my constant companion on all my roadtrips,” says Ms. Gomez. “I already know that Raven and I are going to make lots of extraordinary memories together, and I look forward to her being my daily drive as I start performing my local duties as Miss Universe Philippines 2021.”

Miss Universe Philippines 2021 Beatrice Luigi Gomez attends the ceremonial turnover of her MG ZS Alpha Crossover SUV from MG Philippines.

As a new MG owner, Ms. Gomez will receive the same signature MG service and customer care that has endeared this British heritage brand to the more than 10,000 MG owners all over the Philippines.

“It is our absolute pleasure to welcome Ms. Beatrice Luigi Gomez to the MG Philippines family, and we are excited for her to enjoy all the great driving features of the MG ZS Alpha Crossover SUV,” says Lyn M. Buena, executive vice-president and director of Marketing and Communications Services for MG Philippines. “As a member of the MG Philippines family, Ms. Gomez will have access to the full suite of after-sales complements and customers benefits that come with owning an MG. But more than that, she will get to enjoy a safe and modern British heritage ride that’s easy to drive and a pleasure to ride in.”

Queen Bea represented the Philippines in the Miss Universe pageant last Dec. 12 in Israel (Dec. 13 in the Philippines). The entire MG Philippines family proudly supported her in her bid for the Miss Universe 2021 crown.
Congratulations again to Miss Universe Philippines 2021 Queen Bea Gomez! Expect to see more of her and Raven’s extraordinary journeys in 2022!

 


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France halts British visitors, EU nations tighten borders as Omicron rises

REUTERS

PARIS — France imposed travel restrictions on travelers from Britain on Thursday due to surging coronavirus disease 2019 (COVID-19) cases there, and several European countries also strengthened border controls on visitors from other EU states.  

Plans for Christmas celebrations in Europe and many countries across the globe have been thrown into disarray by the rapid spread of the highly infectious Omicron variant, which emerged in Hong Kong and Southern Africa last month.  

Britain on Wednesday recorded its highest number of daily coronavirus cases since the start of the pandemic. That prompted the French government to announce on Thursday that only certain categories of travelers, including truck drivers, would be allowed between the two countries. Anyone arriving from Britain would have to self-isolate.  

“Our goal is to limit as much as possible the spread of Omicron across our territory,” French government spokesman Gabriel Attal said. “Tourism and business travel for people who are not French nationals or Europeans, people who are not French residents, will be limited.”  

British hospitals were struggling to maintain staffing levels due to people having to isolate with COVID-19, a senior medic told Reuters. The 95-year-old Queen Elizabeth canceled a pre-Christmas lunch with her family as a precaution.  

Sweden said it would require visitors from other Nordic nations to have a vaccine pass amid a jump in new infections in recent days.  

Across the globe in Asia, South Korea said spiraling infections meant it too would reinstate strict rules constraining gatherings and closing restaurants, cafes and bars early.  

The new wave of infections and the return to tighter restrictions comes just weeks before the second anniversary of the emergence of the coronavirus in Wuhan, China. Since then more than 5 million people have died of COVID-19 globally and more than 272 million cases have been reported.  

Meanwhile, more than 8.5 billion doses of the COVID-19 vaccine have been administered to combat the disease — an effort that is now challenged by the Omicron variant’s outburst.  

ROUND THE BLOCK  

At a summit of EU leaders in Brussels, tensions arose after Italy, Portugal and Greece said they would require people crossing their borders to have a negative COVID-19 test as well as a vaccine passport.  

Latvian Prime Minister Krisjanis Karins said freedom of travel inside the EU’s border-free Schengen Area must not end.  

Around Europe, vaccination booster campaigns and the administration of first doses to children aged 5 to 11 generated long queues that snaked around city blocks as hospitals, pharmacies and clinics struggled to cope with demand.  

Preliminary data show vaccines are less effective against Omicron, but a booster increases protection.  

England’s chief medical officer Chris Whitty said vaccinations could cut the numbers admitted to intensive care and shorten the time spent in hospital.  

Travel operators and retailers said the tightening of COVID regulations would hit them hard in the run-up to Christmas.  

Officials at the port of Dover on the British side of the Channel said France’s new travel curbs would dampen already significantly reduced tourist numbers.  

British online fashion retailer Boohoo issued its second profit warning in four months, citing factors including a rise in partywear return rates amid canceled Christmas parties.  

Weekendesk, a Spanish holiday website, said cancellations jumped 19% from the previous week and blamed a new requirement for vaccine passports in Catalonia, Valencia, and Andalucia.  

SPORTING LIFE  

The impact was also being felt across the world of sport, from international and elite level down to grassroots.  

Hundreds of amateur clubs in Britain across a range of sports have cancelled weekend fixtures and closed clubhouses, despite there being no government advice to do so.  

A fourth Premier League match of the week was cancelled on Thursday after Brentford manager Thomas Frank called for all games in the coming week to be postponed to allow clubs to recover their depleted squads.  

The Swedish national soccer team canceled a planned friendly against Finland, while teams and leagues in the three major North American sports were trying to avoid cancellations  

after a massive outbreak of positive tests among players. — Dominique Vidalon and Aislinn Laing/Reuters

Money saving habits that lead to financial freedom

In the recently concluded 2019 Financial Inclusion Survey, the Bangko Sentral ng Pilipinas found that Filipinos still have a long way to go in terms of financial literacy. More than half of Filipinos have no savings, and those who do, have no idea how to make the most of their funds. The bright side is that these findings have strengthened the push for financial education programs for Filipinos.

With so many Filipinos struggling to understand basic financial concepts, financial advisors serve as both personal finance educators and guides for their clients in preparing them for major financial events. Fortunately, they are ready, willing, and more than able.

Rallph Jhan Aaronne L. Monzon, Khaya, Executive Vice President. Macaulay Club Qualifier

Sun Life financial advisor Rallph Jhan Aaronne L. Monzon, 2020-2021 Macaulay Club Qualifier, shares some money saving habits that can lead to financial freedom.

For young professionals who are just starting on their journey to financial freedom, Monzon stresses the importance of these three habits: creating a monthly, quarterly, and annual budget; practicing delayed gratification; and ensuring that your lifestyle is commensurate to your income flow.

“We should spend within the income we earn or live within our means. It is easier said than done,” he says, “but to successfully achieve financial freedom earlier, we should not take immediate rewards by buying luxury things.”

Monzon explains that it is better to spend only on what we need and save or invest the rest. “After all,” he points out, “we are still young and the road ahead of us is long.”

On the other hand, for people who are already preparing for the end of their professional lives, Monzon stresses the need to build habits around the following: planning for estate taxes and maximizing government benefits (SSS, Philhealth and OSCA); rebalancing your investment portfolio to fit your risk profile; and writing your will.

“They have been working throughout their life. Before retiring, they should make sure that all expected expenses like estate taxes are well-planned. The best way is to cover through a life insurance policy,” he says.

“Since there will be no active income, would be retirees should manage and maximize the government benefits due them. They must shift their investment portfolios to be more risk averse and preserve the capital of their investment. And because they love their children and grandchildren, a will has to be prepared to avoid any conflict and misunderstanding among the heirs.”

Sun Life can help both young and older professionals prepare for a financially stable future by providing a financial plan detailing set milestones and targets, says Monzon. “Our Money for Life helps you create a personalized financial plan that suits every stage of your life by recommending appropriate investment funds and educating clients on finance and the market.”

Rallph Jhan Aaronne L. Monzon, Khaya, Executive Vice President. Macaulay Club Qualifier

If he could recommend just one money-saving habit, Monzon would recommend creating a budget and saving at least 20% of your income for your future. “Invest in a life protection plan, health plan, and investment plan,” he says, adding that it would be best to consult a financial advisor. “You can never go wrong if you talk to a professional, a well-trained financial advisor.”

Monzon follows his own advice. “I have been practicing tracking my income and expenses since my elementary days. It truly helps,” he says. “Literally every centavo that comes in and out is accounted for. To fully monitor my income and expenses, I have a worksheet to record them.”

And how does he manage to stick to a budget and live within one’s means? Monzon leaves us with this classic: “I don’t subscribe to peer pressure to fit in.”

Rallph Jhan Aaronne L. Monzon is an Executive Vice President of the 2020 – 2021 Macaulay Club.

For more information and inquiries, visit the Sun Life website at https://www.sunlife.com.ph/en/.

 


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Invest in the future and create ripples of success, the Mr. Suave way

His Mr. Suave moustache is iconic not only to his Sun Life branch but in all of the company’s awarding events. You see, “suave” translates to “charming, confident and elegant,” which 67-year-old Roberto dela Cruz, continues to radiate among his colleagues, clients and prospects.

Also known as Ah Thao or Duck Head to his close friends—because of his specialty food, duck misua—Robert has been a crowd favorite even before he joined the insurance industry 33 years ago.

Roberto Dela Cruz, Green Fir, Macaulay Club Gold Qualifier

“I do not feel that old! But in my younger years, I used to be a singer and party host. So, I spent and invested a lot on clothes, shoes, bags and jewelry as I always wanted to look and feel good, especially during my performances. But over the years, I have changed, and it is thanks to Sun Life,” he shares.

Sun Life taught him that real investments are assets that substantially appreciate in value through the years. Jewelry is one of them, but alongside insurance, real estate, and stocks.

He learned that smart financial choices and proper investments can create ripples on one’s financial state in the future, which he has fortunately experienced firsthand. These are lessons that he is committed to share to other Filipinos as long as he can, together with his wife, Lilian, who is also with Sun Life.

“When people ask me why they need more than one insurance product, I always tell them that buying more is a hedge or protection against time, inflation and taxes,” the award-winning financial advisor says.

“It is this belief in the value of life insurance policies as a real investment that I personally hold several of my own. If I have the luxury of time and money, I will not hesitate to buy more.”

His personal favorite among Sun Life products is the endowment plan because of its guaranteed features. This covers insurance plans with endowment benefits, perfect for the risk-averse who prefer fixed income from their investments.

And there are clients who have high appetite for variable-linked insurance (VUL), mostly the younger ones, like the millennials and zoomers (or Generation Z).

“The most important thing about investment, which I learned from Sun Life, is that in investing, there is no way to predict the future,” dela Cruz tells.

After all, investing is a long-term commitment. Should market crash, investors should stay on the course, and not feel unnerved or frightened.

“We should never make an investment decision based on emotions. There are two major emotional investment behaviors to avoid, and these are fear and greed. It is critical that we should develop discipline to stick with one’s investment goal. When you let fear and greed take control over you, your sense of direction will be turned upside down and your plans will all go wrong,” he cautions.

Learning and experiencing are never-ending processes, he comments. And every nugget of financial wisdom that he gets, Mr. Suave will always share to everyone.

“I am sure I still have a lot to learn and experience. Here is to more years of learning and experiencing with Sun Life!”

Roberto Dela Cruz is a Gold Macaulay Club Qualifier.
For more information and inquiries, visit the Sun Life website at https://www.sunlife.com.ph/en/.

 


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Cocolife’s 2021 Christmas video features stories of Filipino resilience and hope

Cocolife honors Filipinos who have overcome the current challenging times with colors of joy and hope. For its Christmas video this year, with the theme song “Kulayan ang Mundo ngayong Pasko,” Cocolife features four Filipinos’ stories of resilience and courage.

For Mary Jane Javier, a PWD artist from Lucena City, Quezon, her journey is physically challenging. As a child, she was pushed and laughed at by bullies. She was even told by a relative that she had nowhere to go in life.

But Ms. Javier has found light in her ability to draw and paint. Despite the difficulties she encountered along the way in her life, she created achievements she never thought she could accomplish with the help of her family, supporters, and the Lord.

Sa kabila ng lahat ng ‘yun, talagang mapapatunayan ko na kahit gaano kahirap ‘yung pinagdaan mo, talagang magiging maayos po ang lahat. Magiging makulay pa rin po ang Pasko,” Ms. Javier said.

Tatay Theo has seen a dark moment in his life. “Katulad nga nung pandemic, ‘yung asawa ko nga na namatay na hindi ko naman malimut-limutan. At hindi ko natulungan sa kuwarto namin. Hindi ko maibaba sa bigat at hindi ko rin mabuhat para dalhin sa ospital. Pagbalik ko, wala na siyang buhay,” he remembered.

Still, Tatay Theo presents various colors to people’s lives through the paintings he sells.

Magiging makulay din ang Pasko sa’kin,” he believed. “Basta ang ginagawa ko na lang, gawin ‘yung nararapat kong gawin para mabuhay ko ang sarili ko, para may pambili ako ng pang-maintenance ko, at para rin may ma-iabot din ako sa aking mga apo,” he shared.

Growing up in the slums of Tondo, Jessa Balote used to tag along with her parents to make a living by picking up garbage.

Ang buhay namin doon po talaga nagsimula. Kumbaga sa’kin, masasabi ko na ang buhay namin walang patutunguhan,” she said.

But an opportunity fell into her lap one day in her school — a ballet audition that led her to dance in the spotlight, a real-life Cinderella of Ballet Manila.

Simula po sa maduming paa, natungo po sa magandang buhay po. Kumbaga binago po ng pagba-ballet ‘yung buhay ko,” Ms. Balote expressed. “Nagpapasalamat ako sa Diyos kasi nabigyan Niya ko ng magandang opportunity, ng talento na magdadala sa’king mga magulang sa magandang buhay.

“For every adversity, ika nga, may opportunity,” said Rolando Quiambao, owner of lantern-making business Rolren’s.

Lahar, bagyo, baha sa Central Luzon, pandemya. Naranasan na naming lahat ‘yan,” he said. “Pero hindi kami pwedeng tumigil kasi nga, ‘yung mga kulay ng mga parol na ito ay nagbibigay ng pag-asa sa lahat ng mga tao.”

With his vibrant parol giving joy and hope to people, Mr. Quiambao eventually became known as the Parol King of Pampanga.

Ang ganda sa pakiramdam mo dahil napapasaya mo ‘yung mga tao. Para bang nagkaroon ng inspirasyon ‘yung mga tao na magbalik ulit sa mga buhay-buhay nila,” he said.

Cocolife’s Christmas video for 2021 pays tribute to those who have endured and prevailed. It highlights the Filipino values and heritage that are greatly evident during this season.

Since the onset of the COVID-19 crisis nearly two years ago, many people’s lives have been overcast with uncertainties. Christmas season, as Cocolife’s tribute video reminds, is a time when colors of joy and hope will once again surround the night.

Kasama niyo kami sa pagharap sa mga hamon ng buhay,” said Cocolife President and CEO Atty. Martin Loon. “Haharapin natin ang mga laban na ito gamit ang pag-asang walang hindi kayang gawin ang pag-ibig. Ito ang Pasko para sa mga Pilipino. Likas sa ating mga puso ang tunay na diwa ng Pasko.”

A believer of Filipinos and their dreams, Cocolife supports the Filipino people amid uncertain times and in planning for their future through its comprehensive suite of insurance solutions. This includes providing quality life insurance, healthcare programs, group insurance, special markets insurance, and asset management to Filipinos in all walks of life

As a Filipino company, Cocolife is and will always be all-hands in helping its fellow countrymen. For more than four decades, Cocolife continues to uphold its commitment as an insurance company Filipinos can trust as their partner in achieving their dreams.

For more information, visit www.cocolife.com.

 


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How this young Macaulay Club topnotcher reached the top

There are many ways to succeed, but for Owdylyn L. Lee, who at 27 is the Macaulay Club topnotcher, it paid to start early.

“I was in college when I decided to join Sun Life,” she shares, “I decided to do so because I saw the freedom it gave to my mother, Susan Lee, and sister, Zzlleenn Lee.” Both women were already successful Sun Life financial advisors.

It was a Sun Life trip to Brazil with her mother that convinced Lee to go on the same path, even if she was already pursuing a career in law. “I told my mom that I wanted to join Sun Life because I saw what it had done for our lives and I wanted to have a similar way of life,” she adds, “And I wanted to start earning money while still in college.”

After Lee made up her mind, there was no looking back. Seven years later, she finds herself at the top.

Owdylyn Lee, Sequoia, President. Macaulay Club Qualifier

It was not an easy climb, especially because she started so young. First, she had to balance her academic and extracurricular activities with Sun Life work. “The transition was difficult, because of the learning curve. I had to open myself up and push myself to be less shy and see the importance of insurance,” she explains. “It really did not help that I was so young. No one would believe a 20-year-old on the importance of insurance because for them, what does a 20-year-old know about the difficulties of life? So the best I could do was to help inform my peers and people I already knew.”

What helped was that Lee was working with mother and sister, who were also her mentors. “I had to ask help from my branch manager and unit manager to understand what I was doing wrong,” she says, “They’re my sister and mother respectively.”

What was it like working with family? “Patience is key,” Lee reflects, remembering that, being young, she initially believed she could learn everything her way by simply reading the necessary documents. “It was a difficult relationship at the beginning. But later on, I realized that experience is the best teacher. No matter what I read, it will never beat the experience that my mentors had. And it is their sharing of their experience that I got to learn how to deal with my frustrations and valuable tips on closing a big sale. Again, I had to learn to be patient.”

Lee attributes her success to her family–specifically her upbringing. “Our family has always had a go-getter attitude. We were raised to have to know everything and to learn everything,” she says. “It was difficult and sometimes it got very frustrating, but I realize now that this is what gave me the drive and ambition to do more and be more. It was the ability to deal with so many things happening and handle an incredible amount of stress that allowed us to juggle so many things at a time.”

Lee sums up her work ethic as a Sun Life financial advisor with this simple line: “If you can do it now, just do it.” We lose so many opportunities by waiting, she adds, or we tend to forget and let the opportunity pass and then it is too late.

To other financial advisors who want to achieve the same level of success, Lee stresses the need to stay in a positive space. “Keep your spirits up,” she says. “I found it very difficult to work whenever I felt down with my surroundings. I think trying to keep a positive attitude or trying to see the good with what you have helps in pushing you to have what you want in life.

Owdylyn Lee is a President of the 2020 – 2021 Macaulay Club.

For more information and inquiries, visit the Sun Life website at https://www.sunlife.com.ph/en/.

 


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A long-lasting spark: The longest Macaulay Club qualifier

What does it take to be the longest qualifier to Sun Life Financial’s Macaulay Club, an elite group of the top five percent of financial advisers in the agency force? For Lily Co Ang, who has qualified for the Macaulay Club for a record-setting 36 times now, it can be summed up in one word: karma.

“I strongly believe in karma,” Ang says, stressing the importance of doing good deeds to reap good rewards. Now 64, she is a radiant reminder of how a life of service is its own reward.

Ang’s interest in sales was sparked early. “Even while in college, I would dabble in some sort of buy and sell of RTWs and selling non-life insurance to some of my classmates and friends,” she shares. After completing her college degree, Ang worked as a money market trader, promoting the investment products and financial services of an investment house. “It was there where I honed my skills in dealing with people from all walks of life.”

The path to a career in the insurance industry was already set alight for Ang. “My father had a great influence in my choice of career. He was engaged in the non-life insurance business,” she says, “He was successful in his field and that made an impact on me.”

It was another power woman, however, who fanned the flames and opened the door for Ang to Sun Life in 1984. “When I came to know Ms. Mary Chan, I was inspired by her success in the life insurance business. Her diplomacy, determination, and persuasion skills made me reflect on my own capability,” she recalls, “So I decided to emulate her and be one of her protégées.”

With her sales background, Ang found it easy to get referrals but was challenged in meeting potential clients because she didn’t know how to drive. “At first, I had the support of my husband, who would sometimes drive me to my clients. At other times, I had to hire a driver,” she shares. “Through sheer determination, I took on the challenge of knowing how to drive by myself to address my problem with mobility. And it certainly paid off.”

Ang credits her success to this strong sense of determination, but only after divine providence and the unwavering support of her mentor. “With the will and support of God, everything is possible. And whenever I encounter problems, Ms. Chan has always been there to assist me. Without her, I would not be where I am today,” she says, adding, “With God’s grace and a mentor’s support, personal drive and aspiration will be the final determining factors for success.”

What keeps the fire going for Ang in her 37 years with Sun Life is her sense of service. “Through my work, I believe that I have been able to assist many people to become financially independent and be prepared for the eventualities of life. The financial reward that comes after serving my clients is the icing on the cake.”

For Ang, selling insurance is both a commitment and a responsibility. “It is important that after consummating a sale, the salesperson should still be around if and when the client has a problem,” she stresses. “A good salesperson knows the responsibility that comes after the financial reward and the commitment to serve even after the sales is consummated.”

Ang also wants more Filipinos to learn the value of life insurance. “I do hope that more people appreciate the importance of life insurance, not only as a form of investment but more for protection against life’s eventualities. The pandemic has made everyone realize how uncertain life is and how important it is to be prepared.”

At this point in her life, with her material dreams achieved and her children all grown up and settled, Ang already considers herself a fulfilled sales executive of Sun Life and is now thinking of building her personal legacy. “My further goal is to be able to train more sales people to become what they want to achieve in life,” she says.

Ang wants to keep the fire burning, and her desire now is to spread the light. “Sharing the thoughts and knowledge that I have about insurance to people I know, regardless of nationality,” she concludes, “provides me with personal satisfaction and is preparation for good karma.”

Lily C. Ang is a Gold Macaulay Club Qualifier. She is also the longest Macaulay Club Qualifier.

For more information and inquiries, visit the Sun Life website at https://www.sunlife.com.ph/en/.

 


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