TAIPEI — Taiwan’s government will soon look at whether it needs to help its domestic industry over threats by U.S. President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.
Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) , the island is a key link in the global technology supply chain for companies such as Apple and Nvidia.
Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel to get the producers to make them in the United States.
Responding to a question on Trump’s remarks, Cho said the economy ministry and other departments have been paying close attention to the “developments of the past few days.”
“In a day or two we will urgently look at whether we need to make more cooperative plans and future assistance programs for the industrial sector,” he added. “I would like to reassure our compatriots that Taiwan’s position in the world’s industrial chain is not to be ignored, and that we will continue to maintain such an advantage.”
Taiwan has to continue to strive for more cooperation externally and to maintain its leadership in the industrial and technological sectors, Cho added.
In 2020, under the first Trump administration, TSMC announced that it would build a $12 billion factory in Arizona in a win for efforts by the US government to wrestle global tech supply chains back from China. It later boosted those plans with the total investment now standing at $65 billion.
TSMC has declined to comment on Trump’s latest tariff remarks.
This month, Taiwan Economy Minister Kuo Jyh-huei said he only expected a small impact from any tariffs imposed by Trump on semiconductor exports given their technological superiority.
In another potential challenge for Taiwan, Mr. Trump last week directed federal agencies to investigate persistent US trade deficits and unfair trade practices and alleged currency manipulation by other countries.
Taiwan’s trade surplus with the United States surged 83% last year compared with 2023, with exports to the U.S. hitting a record $111.4 billion driven by demand for high-tech products such as semiconductors. — Reuters
SAINT PETER’S BASILICA is silhouetted in this photo taken at the Vatican, Dec. 16, 2023. — REUTERS
MANILA — Philippine priests accused of sex abuse remain in active ministry in the Catholic-majority country, a U.S.-based abuse tracking group said on Wednesday, urging the country’s bishops to take action and hold the alleged perpetrators accountable.
BishopAccountability.org, which tracks abuse in the Catholic Church, said 82 priests and brothers from the Philippines and some who served in the country for a period in their lives had been accused of sex abuse.
At least seven of the accused priests continue to serve in parishes across the archipelago, some as recently as last month, the group’s co-director Anne Barrett Doyle said in a press conference on Wednesday.
Philippine bishops have a “deep sense of entitlement” in withholding information on the abuse of priests in their diocese, she said.
“These are men who fear nothing”.
Cardinal Pablo Virgilio David, president of the Philippine bishops conference, the Church’s top policy body, said in a statement that it has put up an office headed by an archbishop and a team of bishops and experts to safeguard minors.
“Our mandate from Rome is to take the issue of accountability very seriously, especially those related to alleged abuse cases involving priests,” David said.
Individual bishops, David said, have authority over the accused priests. The papal nuncio – Pope Francis’ representative to the country – is usually the next level of authority to act on the complaints.
“As a conference of bishops, we merely build a consensus among ourselves about common policies to be adopted. Only Rome, represented by the Nuncio, has direct disciplinary authority over individual bishops,” he said.
The Pope’s nuncio to the Philippines did not immediately respond to a request for comment.
Nearly 80% of the 109 million Filipinos identify as Catholic, the most populous in Asia due to the lasting legacy of Spanish colonization for three centuries.
‘SMALL FRACTION’ Barrett Doyle also urged the government to prosecute the alleged offenders, saying none of those accused have been convicted for wrongdoing.
“Zero tolerance does not exist in the Philippine church,” she added.
The justice ministry did not immediately respond to a request for comment on a public holiday in Manila.
The group said its first report involving the Philippines was far from exhaustive.
“We know from Catholic abuse data published elsewhere that such cases comprise a small fraction of the total scope of the problem,” the group said in its report.
Catholic institutions have significant cultural and social influence in the Philippines beyond parishes, including schools, hospitals, charities, and politics.
BishopAccountability.org’s data is based on news reports, court documents made public, church announcements and other public sources such as social media posts of local parishes.
For decades, sex abuse scandals have shaken the Catholic Church across the world. Paedophile priests and efforts to cover up their crimes have damaged its credibility and cost hundreds of millions of dollars in settlements.
A Vatican child protection commission said in a report last year that the Church must do a better job of handling compensation for victims of clergy abuse, including a broader spectrum of actions that include acknowledging mistakes and public apologies. Critics have also said the Church must do more.
BishopAccountability.org has previously published similar databases for the United States, Argentina, Chile and Ireland. — Reuters
A farmer checks the dry soil in San Jose, Occidental Mindoro. Agricultural output was affected by the El Niño in the first semester, followed by La Niña in the second half. — PHILIPPINE STAR/EDD GUMBAN
By Adrian H. Halili, Reporter
THE PHILIPPINES’ agricultural output contracted by a record 2.2% in 2024, as farm production continued to decline in the fourth quarter.
Data from the Philippine Statistics Authority (PSA) showed the value of production in agriculture and fisheries at constant 2018 prices shrank by 2.2% to P1.73 trillion, a reversal of 0.4% growth in 2023.
The 2024 print was below the Department of Agriculture’s (DA) 1-2% growth target.
The farm sector’s dismal performance last year was mainly due to the contraction in the value of crops (-4.2%), livestock (-4.3%) and fishery (-1.1%) production. On the other hand, poultry output grew by 6.6%.
In the fourth quarter, the value of agricultural production contracted by 2.2% to P483.58 billion, a reversal of 0.9% growth a year earlier.
However, it marked the third successive quarter of decline, although slower than the 3.6% drop in the July-to-September period.
At current prices, the value of production in agriculture and fisheries went up by 0.4% year on year to P663.06 billion in the fourth quarter.
“The 2.2% decline in Philippine agriculture in 2024 was attributed to various challenges. El Niño in the first half and La Niña in the fourth quarter disrupted production in crops, livestock, and fisheries,” University of Asia and the Pacific (UA&P) Center for Food and Agribusiness Executive Director Marie Annette Galvez-Dacul said in a Viber message.
The country faced below-normal rainfall conditions during the first half of 2024 due to El Niño. This was followed by La Niña that brought a series of storms that wreaked havoc on several agricultural areas.
“The decline in agricultural output in 2024 is the result of the confluence of events which includes impacts of El Niño and La Niña, typhoons and flooding, and lack of technical assistance at the local level,” former Agriculture Secretary William D. Dar said in a text message.
El Niño, which started in June 2023, brought prolonged cases of low rainfall, dry spells, and drought. The state weather bureau declared its end in June 2024.
On the other hand, La Niña conditions are expected to persist until the end of the first quarter.
“The primary reason for the (contraction) was due to the damage that was reported for El Niño, the series of typhoons from La Niña, other plant and pest diseases, the volcanic eruption, and other weather systems,” DA spokesperson Arnel V. de Mesa said at a media briefing.
Data from the DA showed total agricultural damage from these events reached P57.78 billion, with total volume lost at 2.18 million metric tons (MT) covering 993,823 hectares of farmland.
Federation of Free Farmers National Manager Raul Q. Montemayor said the decline had been expected amid natural calamities and animal diseases that hit the farm sector.
“It points also to the lack of resiliency of the sector — slow growth during normal times, but vulnerable when calamities and disturbances arise,” he added.
CROPS, LIVESTOCK Crop output, which accounted for more than half of total agricultural production, declined 3.1% in the October-to-December period, a reversal of 0.3% growth a year ago.
For the full year, crop production shrank by 4.2%, reversing the 0.8% increase in 2023.
Former Agriculture Undersecretary Fermin D. Adriano said in a Viber message that crop production was severely affected by El Niño and La Niña.
PSA data showed that palay or unmilled rice production slipped by 0.1% in the fourth quarter from the 0.2% gain a year earlier. For 2024, palay production plunged by 5%, a reversal of 1.5% growth in 2023.
The volume of palay production declined by an annual 4.84% to a four-year low of 19.09 million MT in 2024. This was the weakest production since the 19.29 million MT logged in 2020.
In the fourth quarter, corn output slipped by 0.6%, easing from the 1.8% drop a year ago. For the full year, corn production declined by 3.2%, a reversal of 1.8% growth in 2023.
Other crops that posted double-digit declines in the fourth quarter were mongo (-48.2%), sugarcane (-23.5%) and onion (-11.1%).
PSA data showed that livestock production plunged by 6.2% in the fourth quarter, a reversal of the 2.7% increase a year earlier.
In 2024, livestock output declined by 4.3%, a reversal of 2.5% growth a year prior.
In the fourth quarter, declines were seen in hogs (-7.3%), goat (-4.1%) and cattle (-2.7%).
On the other hand, dairy production rose by 4.8%, slowing from 16.4% growth a year ago.
In a Viber message, National Federation of Hog Farmers, Inc. (NatFed) Vice-Chairman Alfred Ng said the impact of the African Swine Fever (ASF) on hog production dragged the livestock sector. Hogs accounted for 14.6% of the total livestock production.
“Many farmers sold their pig inventory before ASF hit their animals. Some have not repopulated for fear of disease recurrence, and some are waiting for the monitored vaccine trial results,” he added.
Mr. Ng said increased rains and flooding due to La Niña led to a spike in ASF cases “as viruses from shallow graves of previous pig mortalities may have resurfaced and infected the animals.”
FISHERIES Meanwhile, fishery production slumped by 2.1% in the fourth quarter, slower than the 5.3% decline a year ago. For 2024, fishery output slid by 1.1%, slower than the 6.6% drop in 2023.
For the October-to-December period, double-digit declines were seen in the production ofmudcrab or alimango (-28.9%), cavalla or talakitok (-24.9%), big-eyed scad or matangbaka (-20.6%), Indian mackerel or alumahan (-20%), skipjack or gulyasan (-19.1%), slipmouth or sapsap (-17.7%), frigate tuna or tulingan (-17%), yellowfin tuna (15%),round scad or galunggong (-14.3%), seaweed (-12.7%), and squid (-12.4%).
Meanwhile, growth in production was recorded for P. Vannamei (59.4%), milkfish or bangus (10.9%), blue crab or alimasag (7.2%), threadfin or bisugo (4%), and bigeye tuna (0.1%),
Mr. Adriano said the decline in fishery output could also be attributed to “climate factors” and the slow development of the country’s aquaculture industry.
“The closed fishing season is a necessity, hence the need to enhance more investments in aquaculture,” Mr. Dar added.
Closed fishing seasons are declared over certain areas to help fish stocks to regenerate, as mandated by Republic Act No. 8550 or the Fisheries Code. These closures typically last for three months.
POULTRY The PSA reported that poultry output grew by 6.1% in the fourth quarter, slower than 7.8% a year earlier.
For the full year, poultry production rose by 6.6%, better than 3.8% growth in 2023.
Higher production was seen for chicken (5%), chicken egg (9.8%) and duck (0.3%), while duck eggs declined by 3.1%.
“The poultry subsector was able to grow with efforts and investments of the private sector including medium-sized companies. There was a quicker turnaround in poultry,” Mr. Dar said.
UA&P’s Ms. Dacul said growth in the poultry sector was mainly due to stronger demand and shorter production cycles.
“Poultry is still in recovery mode, so as long as they keep diseases in check, the industry will keep on expanding. But excessive imports will put a brake on this growth trend,” Mr. Montemayor said.
The agriculture sector accounts for about a tenth of the country’s gross domestic product (GDP) and provides about a quarter of all jobs. The PSA is scheduled to release fourth-quarter GDP data on Jan. 30 (Thursday).
By Aubrey Rose A. Inosante and Sheldeen Joy Talavera, Reporters
MAHARLIKA Investment Corp. (MIC) is interested in acquiring State Grid Corp. of China’s (SGCC) stake in the sole operator of the Philippines’ power grid.
MIC President and Chief Executive Officer Rafael D. Consing, Jr. told a Palace briefing that the sovereign wealth fund would be interested in SGCC’s shares in the National Grid Corp. of the Philippines (NGCP) “if it becomes available.”
China’s State Grid has a 40% stake in NGCP, while the rest is effectively controlled by Synergy Grid & Development Phils., Inc. (SGP).
“We have not spoken basically to the Chinese. We only saw this opportunity at the SGP level. We’re not having any discussions with the State Grid of China at this point in time,” Mr. Consing said.
On Monday, MIC signed a deal to acquire a 20% stake in SGP for P19.7 billion or about P15 per preferred share, giving it a “foothold” in NGCP.
Mr. Consing said MIC could convert the preferred stocks into common shares later on at a conversion price of P22.50 each.
“The preferred shares will guarantee us a 6.5% dividend yield over the first three years… Within those three years, we’ve got the option to convert to common shares… Failing that, the dividend rate would then rise to 8%,” he said, estimating this would generate about P1.7 billion to P1.8 billion annually for MIC.
MIC aims to finalize the deal within 90 days, with an option to extend it for another 90 days, he added.
Meanwhile, Mr. Consing said MIC expects to announce four more investments this year.
“This (NGCP deal) is going to be our first announcement and intuitively I would say in the next 30 days we could have another one,” he said. “For the year, we will aim for three to four material ones. By the end of this year, we should already have quite a number of foreign investors.”
‘LEVEL OF INFLUENCE’ However, Mr. Consing clarified that the objective of the NGCP investment was not to take control but “rather just to be able to achieve some level of influence through the acquired board seats.”
The deal gave MIC two board seats each on the boards of SGP and NGCP.
Mr. Consing said MIC would not be involved in the day-to-day operations of the grid operator as it is a financial investor.
But MIC will have access to NGCP’s financial statements and a view of how the grid operator is run, he noted.
NGCP is a private corporation that operates, maintains, and develops the country’s power grid. It started operations as a power transmission service provider in 2009.
Energy Secretary Raphael P.M. Lotilla said at the same briefing that MIC’s investment would help lower electricity costs across the country by providing security in power supply.
He noted that the government’s seats in the NGCP board would also enable greater transparency.
“As NGCP is stating, there is nothing to fear from the presence, then we’ll be in a better position to confirm or affirm that,” he said.
“On the other hand, if there are other things that need to be strengthened — for example the cybersecurity of the transmission lines of the country and the transmission facilities — then the government would also be better able to contribute to addressing those issues,” he added.
Lawmakers have expressed concern over the involvement of SGCC, a government-owned enterprise of the Chinese Communist Party, in the grid operator, citing national security.
NGCP earlier reiterated that it is Filipino-controlled, allaying concerns over its Chinese shareholder’s role in operations.
“I was hoping that the 40% share owned by State Grid Corporation of China be the one that will also be reacquired by the government for national security reasons,” Senator Joseph Victor G. Ejercito told reporters in a Viber message on Tuesday.
He also expressed support for MIC in pursuing SGCC’s shares in NGCP. “Especially with the conflict with China in the West Philippine Sea, it should be prioritized.”
Meanwhile, Alfred Benjamin R. Garcia, research head at AP Securities, Inc., said MIC’s entry in SGP is likely “to give the government visibility into the operations and corporate actions of NGCP in order to address national security concerns.”
“Cash-wise, NGCP (or SGP) doesn’t really need the capital infusion since they are very cash-rich. What the company can benefit from is that there would be fewer regulatory barriers with the government as a shareholder,” Mr. Garcia said in a Viber message.
He said MIC’s involvement could ease the approvals of certain permits and address right-of-way issues that have hindered NGCP projects.
Shares in SGP rose by 4.74% or 52 centavos to close at P11.50 on Tuesday. At the opening of trading, SGP requested a one-hour trading halt in view of the signing of a binding term sheet with MIC for the subscription of preferred shares.
At the same time, Noel M. Baga, co-convenor of think tank Center for Energy Research and Policy (CERP), said MIC’s investment in NGCP serves as “a step toward strengthening energy security for Filipinos.”
He said representation of MIC in NGCP’s board of directors “can help accelerate critical transmission projects and improve grid management — priorities that directly impact power reliability and affordability.”
“While this development may enhance oversight of transmission infrastructure, CERP maintains that comprehensive reforms, particularly amendments to the National Grid Code and Philippine Distribution Code, remain essential for ensuring secure and reliable power delivery to all Filipinos,” Mr. Baga said in a Viber message.
While the government’s greater stake in the power sector including transmission can in principle “be desirable,” the Maharlika investment fund which underpins the deal, however, has “still not resolved vital issues of transparency, accountability and potential conflict of interest,” said Jose Enrique “Sonny” A. Africa, executive director at think tank IBON Foundation.
“Left unresolved, the deal may just reinforce corporate and regulatory capture of the private sector-dominated power sector under the guise of greater government control,” he said in a Viber message. — withKyle Aristophere T. Atienza
People shop for gifts in Divisoria market, Manila. — PHILIPPINE STAR /EDD GUMBAN
THE PHILIPPINE Statistics Authority (PSA) on Tuesday said it kept the country’s gross domestic product (GDP) growth rate at 5.2% for the third quarter.
The PSA said gross national income remained unchanged at 6.8%. Net primary income from the rest of the world for the third quarter was lowered to 19.2% from 19.3%.
The PSA also noted some changes in some components of the national accounts.
On the demand side, private consumption was raised to 5.2% in the third quarter from the 5.1% initially reported. Likewise, gross capital formation — the investment component of the economy — was raised to 13.7% from 13.1%.
Meanwhile, the contraction in exports of goods and services deepened to 1.4% in July to September from the 1% drop initially estimated.
Growth rates for government spending (5%) and imports of goods and services (6.4%) were unchanged.
On the supply side, the decline in agriculture was lowered to 2.7% from the 2.8% contraction previously reported.
Growth in industry was raised to 5.1% from 5%, largely thanks to manufacturing, which rose to 3% from 2.8%.
Service sector growth was kept at 6.3%, but some of its subsectors saw changes.
Upward revisions were recorded in education to 4.1% from 2.6%, human health and social work activities to 12.7% from 11.9%, and financial and insurance activities to 9.1% from 8.8%.
Meanwhile, other services’ growth was trimmed to 6.5%from 7.3%.
Subsectors that saw downward revisions were wholesale and retail trade to 4.9% from 5.2%, information and communication to 4.1% from 4.3%, real estate and ownership of dwellings to 5.2% from 5.4%, and professional and business services to 8.2% from 8.3%.
The revision came ahead of the fourth-quarter and full-year 2024 GDP data on Thursday, Jan. 30.
A BusinessWorld poll of 18 economists late last week showed a median estimate of 5.8% GDP growth in the October-to-December period, matching growth in the fourth quarter of 2023.
The poll also yielded a 5.7% growth estimate for 2024. This would be below the government’s 6-6.5% GDP growth target for the year, but faster than 5.5% growth in 2023. — Kenneth H. Hernandez
RATE CUTS do not necessarily boost credit activity even as monetary policy is seen to influence bank lending, a study by researchers from the Bangko Sentral ng Pilipinas (BSP) showed.
“Central banks can ‘pull’ back economic activity by raising interest rates, but they cannot ‘push’ it forward simply by lowering rates,” BSP researchers said in a recent discussion paper.
The paper, authored by BSP Research Academy Principal Researcher Carolina A. Escranda and BSP Department of Economic Research Bank Officer Bernadette Marie M. Bondoc-Quiban, discussed the impact of monetary policy on bank lending.
“We found that monetary policy affects the lending activity of universal and commercial banks in the Philippines. However, the impact is asymmetric, with evidence of transmission during restrictive periods but not during accommodative ones,” the BSP researchers said.
“During restrictive periods, higher interest rates increase borrowing costs, reducing loan demand and tightening credit supply. Conversely, during accommodative periods, lower interest rates may not suffice to boost lending.”
The BSP began its easing cycle in August last year. It had slashed borrowing costs by a total of 75 basis points (bps) to 5.75% by end-2024.
From mid-2022 to late 2023, the BSP was the most aggressive central bank in the region as it hiked key rates by 450 bps to tame inflation, which soared to as high as 8.7% in January 2023.
The Monetary Board is set to hold its first rate-setting meeting of the year on Feb. 13. The BSP has signaled further easing, though in “baby steps.”
“Banks may be reluctant to lend due to heightened perceptions of borrower risk or diminished profitability. Borrowers may also be unwilling to take on new debt amid economic uncertainty,” according to the BSP researchers.
Separate data from the BSP showed outstanding loans of big banks jumped by 11.1% to P12.68 trillion in November, the fastest in close to two years.
The BSP researchers noted that when central banks raise interest rates, market rates increase, as banks pass these on to borrowers, citing another study.
“While that is true in most cases, banks may limit their interest rate hikes to avoid defaults. Instead, they may ration credit during high-interest rate periods, lending only to certain borrowers.”
“This credit rationing can lead to a bigger decline in output, magnifying the impact of contractionary monetary policy. However, this is not the case for expansionary monetary policy.”
Lower policy rates do not necessarily boost borrowing “if there is no demand for additional credit given economic conditions,” they added.
“The central bank’s tightening policy impacts credit supply in smaller institutions, while its influence on larger banks remains minimal,” the researchers said.
The bank lending channel of monetary policy was found to be “relatively weaker” for larger banks than the smallest banks.
“The limited responsiveness of larger institutions may dilute the effectiveness of monetary policy in influencing aggregate lending,” they said.
“However, the sensitivity of the smallest banks indicates that policy rate increases could still have a contractionary effect on credit supply, particularly for borrowers who depend on smaller financial institutions.”
Meanwhile, larger banks are “largely unaffected” because their diverse funding sources and robust liquidity management make them more resilient to policy changes.
“Therefore, if the BSP aims to influence aggregate credit growth, employing complementary tools targeting smaller banks could enhance monetary policy transmission, especially if the goal is to curb lending across the entire banking sector,” the BSP researchers said.
BSP Governor Eli M. Remolona, Jr. earlier said that the Philippines’ monetary transmission mechanism has long lags. — Luisa Maria Jacinta C. Jocson
In Chinese culture, the snake represents both yin and yang. It is often seen as mysterious and enigmatic, symbolizing wisdom, transformation, and regality. While some myths associate the snake with darkness and deceit, it also stands for rebirth and longevity, especially through the shedding of its skin.
The 2025 Lunar New Year is special because it aligns with the Wood element in Chinese cosmology, ushering in the Year of the Wood Snake. The combination of Wood and Fire, which governs this year, signifies growth, vitality, and transformation.
“Wood Snakes are known for their resilience, intelligence, and adaptability,” explains Professor Xiaohuan Zhao, a renowned Sinologist. “They embody the perfect blend of creativity and determination, making them natural leaders who thrive in challenging environments.”
As published on her own website, Feng Shui expert Marites Allen shared that the Year of the Wood Snake brings a strategic and thoughtful approach to 2025. The Wood element enhances the year’s energy, promoting creativity and the potential for growth. It encourages individuals to let go of old habits and embrace fresh starts.
“This is a year of planning and patience,” Ms. Allen said. “Avoid impulsive decisions and prioritize actions that align with your long-term aspirations.”
Relationships, too, will require nurturing, as the Snake’s charm opens doors for romance but also demands understanding and patience to resolve past misunderstandings.
2025 according to Chinese zodiacs
macrovector | Freepik
For those born under the sign of the Rat (1948, 1960, 1972, 1984, 1996, 2008, 2020), 2025 promises a prosperous year. The financial outlook remains strong, with opportunities for growth continuing to appear. However, Ms. Allen cautions that risks such as theft, losses, and potential injuries could disrupt smooth progress.
Health-wise, stress management will be crucial. Regular exercise and relaxation practices will help maintain balance. In love, harmonious connections with loved ones will strengthen relationships, offering a supportive foundation throughout the year.
The Ox (1949, 1961, 1973, 1985, 1997, 2009, 2021) can expect abundant financial opportunities, though disruptions may arise. Investment prospects may appear, but Ms. Allen advises caution in assessing risks.
Health issues could interfere with work routines, affecting financial stability. Prioritizing well-being and taking preventive measures will be vital.
In relationships, the Conflict Star suggests patience and empathy will be necessary to maintain harmony. Challenges in love may arise, but a grounded approach will help the Ox navigate obstacles gracefully.
The Year of the Wood Snake may present unforeseen challenges for the Tiger (1950, 1962, 1974, 1986, 1998, 2010, 2022), particularly in health and finances. Ms. Allen warns that health issues could disrupt financial gains, making it essential to stay on top of personal well-being. Minor health problems, if neglected, may escalate, affecting both work and finances.
External pressures from work and finances may strain relationships, leading to disagreements. Patience, calmness, and a careful approach will help maintain health and manage personal relationships.
The Rabbit (1951, 1963, 1975, 1987, 1999, 2011) will experience a year filled with blessings, with the Future Prosperity Star lighting the way to wealth and success.
Health should generally be good, though the feng shui expert suggests regular check-ups and maintaining a healthy lifestyle for long-term well-being.
In love, the year calls for reflection on the future of relationships. External interference, such as opinions from friends, family, or third parties, may create challenges.
For the Dragon (1952, 1964, 1976, 1988, 2000, 2012), 2025 may bring financial complexities. Ms. Allen recommends seeking professional advice when making investment decisions, as the year favors informed choices over speculative ones.
Health should be prioritized, especially for those with existing conditions or prone to stress. Preventive care will be essential, and minor health issues should not be overlooked.
Balancing romantic pursuits with career demands may be challenging, particularly for singles. Married Dragons should also protect their relationships from external pressures that could cause strain.
The Year of the Wood Snake offers auspicious prospects for those born under the sign of the Snake (1953, 1965, 1977, 1989, 2001, 2013). The Prosperity Star promises significant opportunities for financial growth, but the feng shui expert advises a strategic approach to avoid overextending oneself.
While health remains stable, caution is urged, particularly on the road, where accidents or injuries could occur. Romance will be exciting, though relationships may require patience and understanding to thrive.
The Horse (1954, 1966, 1978, 1990, 2002, 2014) should stay open to new financial opportunities this year. However, business challenges may arise, and expert advice, as well as family support, will be key to overcoming obstacles.
Health is generally good, but Ms. Allen warns against overextending oneself, as burnout could result from a lack of balance. In relationships, misunderstandings within romantic or family dynamics may lead to tensions. Clear communication, patience, and understanding will be necessary to resolve conflicts and maintain harmony.
For those born under the sign of the Sheep (1955, 1967, 1979, 1991, 2003, 2015), 2025 offers opportunities to boost income, though financial stability may fluctuate. The feng shui expert advises a cautious approach to finances, avoiding rash decisions that could destabilize wealth.
Health may require attention, and seeking support when needed can improve both mental and physical well-being. In love, the year invites new experiences, but realistic expectations will be important.
The Monkey (1956, 1968, 1980, 1992, 2004, 2016) is forecast to be full of potential for financial and professional success this year. However, Ms. Allen warns that navigating these opportunities requires wisdom, patience, and balance. Intuition will be key when making decisions, and hasty choices should be avoided.
Health is generally good, but stress from travel or demanding work schedules could take a toll. Prioritizing rest and energy management will be key to maintaining vitality.
In love, relationships may either deepen or offer fresh starts, depending on individual circumstances.
For the Rooster (1945, 1957, 1969, 1981, 1993, 2005, 2017), 2025 presents an opportunity to rebuild and expand wealth, but success will depend on smart management and leveraging social networks. Surrounding oneself with supportive, knowledgeable individuals will be crucial for growth.
Health may present some challenges, with minor illnesses lingering throughout the year. Proactive health management will be essential to maintaining well-being.
In love, singles may find it difficult to form connections, as romantic pursuits may require more effort than anticipated. Instead, focusing on personal growth will help prepare for future love when the time is right.
The Dog’s (1946, 1958, 1970, 1982, 1994, 2006, 2018) forecast for 2025 advises caution in business ventures or career changes. Impulsive actions could backfire, so it’s important to make decisions that align with long-term goals.
Health will require extra attention, as energy levels need to be managed to avoid burnout.
In love, single Dogs may struggle to prioritize romance, but 2025 is an excellent time for building meaningful friendships.
For the Boar or Pig (1947, 1959, 1970, 1983, 1994, 2007, 2019), 2025 is a year to embrace change and adaptability. Whether considering a move, exploring new job opportunities, or refreshing your image, change can bring success.
Health remains a priority, as the Illness Star signals an increased risk of health issues. Proactive lifestyle changes will be necessary to improve overall well-being.
In love, the year encourages making difficult decisions in relationships that no longer serve you. Letting go may be challenging, but it could lead to emotional freedom and room for new growth.
Celebrating the new year
In keeping with the snake’s association with renewal, homes are advised to be adorned with green and gold accents, representing growth, harmony, wealth, and prosperity.
Killing snakes is also considered an ill omen, as they are seen as harbingers of both wisdom and good fortune during their zodiac year.
Likewise, traveling west is discouraged, as it is thought to disrupt the Wood energy that dominates this year. — Mhicole A. Moral
The Year of the Wood Snake whispers of great change and transformation. Just as snakes shed their skin, it is the perfect time to restart, let go of old (and bad) habits and face the year ahead with confidence and a new perspective. The Lunar Year starts on Jan. 29 and ends on Feb. 16 next year.
Snakes have long been an integral part of Chinese cultures. Prof. Cai Zongqi, director of the Advanced Institute for Global Chinese Studies of Lingnan University, has recently shared in an article that snakes have served as tribal totems or royal symbols and believed to be little dragons and ancestors of these mighty creatures in the past. As powerful symbols, snakes greatly influenced Chinese mythology, literature, and history, embodying essential qualities like wisdom, love, wealth, and happiness.
“In the Chinese culture, the qualities the snake symbolizes include wisdom, spirituality, health, vitality, good fortune, and auspiciousness. As we approach the Year of the Snake, we aspire to wisdom and the pursuit of a new life, and wish our families and friends deeper wisdom, greater success in their careers, and a coming year filled with new and exciting opportunities,” he said.
As in previous celebrations of the Lunar New Year, vibrant colors, symbols, and best snake-like practices are set to usher in the Year of the Wood Snake.
Traditional feast
A traditional feast or “reunion dinner” is a cherished tradition for many Chinese households. Celebrated on Lunar New Year’s Eve (Jan. 28), it brings people together in one table and strengthens bonds through shared culture and traditions. With tables brimming with flavorful and meaningful dishes, every home is filled with happy and full bellies by the end of the night.
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On this special day, a classic dinner includes dishes such as dumplings, fish, noodles, rice cakes, sweet rice balls, and chicken or duck. In Chinese cultures, each dish holds deep significance, symbolizing good fortune for the upcoming year. For example, the stickiness and sweetness of rice cakes symbolizes family togetherness, dumplings for wealth, fish for abundance, and noodles for longevity.
Festivals
Another highlight of Lunar Year celebrations is the series of lively festivals to welcome the new year. Throughout this week, lion dance troupes fill the streets and malls, putting on lively performances. These performers wear giant lion costumes and imitate the movements of a lion through rhythmic dances.
Afterwards, people gather together to celebrate the Lantern Festivals, also known as Yuan Xiao Jie. On this day, spaces are filled with stunning lantern displays and light shows, creating a magical atmosphere in the air.
Historically, Lantern Festivals were about honoring the heavens, with people gathering in their yards, offering gifts to gods and lighting lanterns for deities. In the modern day, it has become a joyful event centered on fun traditions like lighting lanterns, playing lantern riddles, moon gazing, lion dances, and indulging in the festival’s food trademark—yuan xiao, delicious, moon-shaped glutinous rice dumpling with sweet fillings inside.
Temple visits
Many people also visit local temples during Lunar New Year celebrations. Often taking place during the third day of the New Year (Jan. 31), these visits are an opportunity for people to pray for blessings and fortunes for the upcoming year. They also give offerings, ask for divine help, and sometimes engage in fortune telling rituals. Visiting temples allows individuals to reconnect with their cultural heritage while welcoming a year full of prosperity and luck.
Bracing for the Year of the Snake your own way
The new year offers a perfect chance to hit the reset button by decluttering and clearing out the mess. A cluttered space is said to be draining one’s energy, making it necessary to ditch the unnecessary stuff, leave them behind in 2024, and start afresh.
When tidying up, it is advised to start little by little. For example, one can choose either a cabinet, a desk, or a bookshelf to organize. Setting small and manageable goals will prevent one from getting easily tired and overwhelmed easily.
One can also bring some flair to 2025 by incorporating the lucky colors of the year. Red, a staple of Chinese culture, remains especially powerful during the year due to its connections on earth elements like wood and fire. Red symbolizes the balance and harmony between these elements and represent luck, wealth, and business success. Pops of red can be added in one’s wardrobe, personal items, or home decors. The key is keeping it balanced and true to one’s personal style.
Green is also one of the most auspicious shades this year. In Chinese cultures, green represents the Wood Yin element, which fuels fire. When paired with brown (wood color), it can enhance one’s creativity and intelligence. This year, adding touches of green symbolizes an invitation to positive energy, luck, and fortune in the way.
Gold is also set to be another lucky color in 2025. Associated with elegance, prosperity, and wealth, gold tones, along with other shades of yellow, carry vibrant energy and meaningful symbolism. Incorporating gold accents into fashion styles through accessories or statement pieces can elevate one’s look while also attracting elevation of career prospects and financial success. A little touch of gold can go a long way, bringing positivity and abundance into the year ahead.
Snake charm or energy can also be channeled through one’s environment, beginning with paintings, statues, or pictures symbolizing snakes. For plant enthusiasts, consider adding sansevieria, also known as snake plants, into the collection. Sansevieria are flowering plants that feature snake-like leaves. They are not only visually appealing but also excellent for purifying air indoors. Additionally, they are believed to attract money, prosperity, and good energy.
The Year of the Snake also inspires health-conscious and wellness-oriented people to step into mindful yet relaxing practices like yoga by incorporating snake-inspired poses. A popular example is the Cobra pose, which mimics a snake that’s slowly lifting its head. Practicing the cobra pose is perfect for stretching and strengthening your body, as well as help with reducing back pain and stress. — Angela Kiara S. Brillantes
Every year brings about new opportunities for those who are willing to listen to the world and go with the flow of its energy. And in this way, this 2025, the Year of the Wood Snake offers an energy of transformation, adaptability, and resourcefulness.
Feng shui, which translates to “wind and water,” is a traditional Chinese practice rooted in Taoist philosophy that seeks to harmonize the flow of chi, or life energy, in the environment.
Many Filipinos have been practicing feng shui for centuries intentionally or otherwise, as it is as part of Filipino culture as Catholicism. Sari-sari stores are often decorated with lucky charms or in the bright colors that attempt to maximize positive energy. Interior designers utilize feng shui concepts when arranging homes or offices.
The Year of the Snake
Though rooted in Taoist cosmology, feng shui has a plethora of practical and widely embraced traditions for creating harmonious spaces that simply enhance and enrich one’s environment no matter the context.
For instance, one of the core principles of feng shui is the proper arrangement of space to encourage a free flow of energy, or “Chi.” In an office setting, this means ensuring that workspaces are organized and clutter-free to allow positive energy to circulate.
Clutter, according to feng shui, represents stagnation and can hinder creativity and decision-making.
In feng shui, the Snake is considered a symbol of intelligence, intuition, and a calculated approach to opportunities. Combined with the Wood element — which signifies growth, vitality, and stability — 2025 offers an ideal blend of energies for those looking for a more focused stability in one’s life.
Maximizing these energies mean maintaining a tidy and organized environment to cultivate a sense of clarity and focus, both the essential qualities for navigating the adaptive energy of the Snake.
The placement of desks and furniture also plays a critical role in fostering productivity and success. This is another common concept in feng shui: the “commanding position” is where desks should be positioned to allow a clear view of the room’s entrance while not directly facing the door.
Such a placement symbolizes control and preparedness, enabling business leaders and employees to face opportunities and challenges with confidence.
Avoid sitting with your back to the door, as this can create a sense of vulnerability and lead to missed opportunities.
Embracing the growth and vitality of Wood
The Wood element — the defining characteristic of 2025 — represents growth, stability, and renewal. To harmonize with this energy, businesses can incorporate natural elements into their spaces. Adding plants not only enhances air quality but also symbolizes vitality and upward growth.
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Plants like bamboo, money trees, or jade plants are particularly auspicious as they are believed to attract prosperity and reinforce steady progress. Using wooden furniture or decor can further amplify the grounding and nurturing properties of the Wood element.
Lighting is another crucial aspect of feng shui that influences the energy of a workspace. Bright, well-lit environments encourage vitality and positive energy, reducing feelings of stress or lethargy. Natural light is especially beneficial, as it aligns with the life-giving energy of the Wood element. Where natural light is limited, full-spectrum lighting can be used to replicate its effects, creating an atmosphere conducive to productivity and well-being.
Color choices carry special significance with the Wood element favoring shades of green and brown. Green represents renewal, balance, and growth, while brown provides a sense of stability and connection to the earth.
Integrating these colors into office decor, such as through wall paint, furniture, or accents, can enhance the harmonious energy of the space. Complementary colors like blue, which represents the Water element that nourishes Wood, can also be used sparingly to balance and support the overall energy flow.
Harmonizing energies to find balance
Naturally, as the goal of feng shui is to find balance, the most important aspect of integrating feng shui in your business this year is ensuring the interplay of the five elements — Wood, Fire, Earth, Metal, and Water — is in harmony. While Wood is the dominant element this year, it should be supported by complementary elements and not overwhelmed nor is overwhelming.
The strategic use of symbols and objects can serve this purpose as well as attract prosperity and success. Placing symbols of wealth for example, such as a bowl of coins or a figurine of a dragon turtle, in the southeast corner of the office can help amplify financial energy.
Water features, such as small fountains or aquariums, are also auspicious when placed correctly, as they symbolize the flow of wealth and opportunities.
Incorporating subtle touches of Metal through metallic decor or accessories can provide structure and clarity as well, while Fire elements, such as red accents or candles, can ignite passion and motivation. Earth elements, like ceramics or stones, can ground the space, ensuring stability amidst growth.
Moreover, feng shui emphasizes the importance of movement and vitality in a workspace. Introducing dynamic elements, such as rotating art displays or interactive installations, can keep the energy fresh and invigorating. This aligns with the Snake’s transformative nature, encouraging adaptability and continuous improvement in business practices.
Practical tips for an auspicious 2025
For businesses navigating the Year of the Wood Snake, adaptability and strategic thinking will be key. Encourage flexibility within the organization by fostering open communication and collaborative work environments.
Drawing from the Snake’s resourcefulness, invest in technology and innovation to remain competitive, particularly in areas that align with the growth-focused energy of Wood. Enhance team morale by creating spaces that promote well-being, such as breakout areas with natural elements or relaxation zones.
Finally, take inspiration from the willow and the bamboo. Review financial strategies to build resilience against economic headwinds, bending with the flow to ensure long-term stability and success.
In the Year of the Wood Snake, businesses are encouraged to cultivate a forward-thinking mindset while staying rooted in the foundational principles of balance. Feng shui is not a panacea for business troubles, but if organizations can create an environment that not only supports growth and resilience but also inspires innovation and adaptability, then 2025 can be a prosperous year indeed. — Bjorn Biel M. Beltran
THE SUBSIDIARIES of Manila Electric Co. (Meralco), Aboitiz Power Corp. (AboitizPower), and San Miguel Corp. (SMC) have finalized their $3.3-billion deal to build an integrated liquefied natural gas (LNG) facility in Batangas.
In separate announcements, the energy giants said that Meralco PowerGen Corp. (MGen), Therma NatGas Power, Inc. (TNGP), and San Miguel Global Power Holdings Corp. (SMGP) have successfully completed all the financial arrangements required for the deal.
MGen is the power-generation arm of Meralco, while TNGP is a wholly owned subsidiary of AboitizPower through Therma Power, Inc. SMGP is the power arm of conglomerate SMC.
Under the deal, MGen and TNGP, through their 60:40 joint venture Chromite Gas Holdings, Inc. (CGHI), will invest in South Premiere Power Corp. (SPPC), Excellent Energy Resources, Inc. (EERI), and Ilijan Primeline Industrial Estate Corp. (IPIEC).
SPPC is the owner-operator of the 1,278-megawatt (MW) Ilijan Combined Cycle Gas Power Plant, while EERI is the owner-operator of the 1,320-MW combined cycle gas power plant under construction. IPIEC is the owner of the plant sites of SPPC and EERI.
MGen and TNGP, along with SMGP, will acquire the Batangas-based LNG import and regasification terminal owned by Linseed Field Corp. (LFC), which will “process, handle, and deliver the LNG requirements of the power plants of SPPC and EERI.”
SPPC, EERI, and IPIEC were previously wholly owned subsidiaries of SMGP, said SMC.
With the completion of the transactions, CGHI will own 67% of the three firms. SMGP retains a 33% equity stake in SPPC, EERI, IPIEC, and LFC.
The financial close came a month after the Philippine Competition Commission approved the mega deal, allowing the parties to proceed with their joint acquisition of power facilities and the LNG terminal, subject to certain conditions.
In a regulatory filing last week, Meralco said it would borrow P75 billion from BDO Unibank, Inc., Bank of the Philippine Islands, and Metropolitan Bank & Trust Co., which is payable over 12 years.
Meralco Chief Finance Officer Betty C. Siy-Yap said via Viber that the credit facility is intended for the “acquisition of investments in Project Chromite” and will be drawn “within the week.”
First Grade Finance, Inc. Managing Director Astro C. del Castillo said that the landmark deal is expected to “boost the generation capacity of the two gas-fired power plants, contributing to a more stable and reliable power supply for the country.”
“However, the venture could unsettle the public and regulators as a few dominant players will control a significant portion of the energy supply,” he said via Viber.
“Regulatory oversight is critical to ensure a level playing field in the energy sector and that consumer protection measures are in place.”
Monalisa C. Dimalanta, chairperson and chief executive officer of the Energy Regulatory Commission, earlier said that the commission needs to review the LNG deal to ensure that the companies comply with market share limitations and to review power supply deals.
Meralco’s majority owner, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera
THE SECURITIES and Exchange Commission (SEC) is tracking 16 potential companies that may go public, according to its chairman.
“As for public listing, we currently have 16 leads, which we are still monitoring together with the Philippine Stock Exchange (PSE),” SEC Chairperson Emilio B. Aquino said during his keynote message at the last leg of its Roadshow on Capital Formation for micro, small, and medium enterprises (MSMEs) and startups in Makati City on Tuesday.
The PSE is eyeing six initial public offerings (IPOs) this year.
“As overseer and regulator of the corporate sector and the capital market, we aim to create opportunities for businesses to realize their growth potential by availing of the limitless benefits of turning to the capital market for their capital needs,” Mr. Aquino said.
The SEC has been pitching the capital market to micro, small, and medium enterprises (MSMEs) as a source of financing.
In a separate statement, the corporate regulator said it generated P2.24 billion in fresh funds for small businesses after a two-year MSME nationwide roadshow.
As of the end of 2024, the SEC said that 361 companies tapped crowdfunding intermediaries for 1,212 projects, reflecting the surging interest in the capital market among MSMEs.
The commission also saw at least 358 companies that have signified their interest in crowdfunding activities.
The roadshow, which began in February 2023, touted the capital market as an option for MSMEs to fund their operations and promote expansion via crowdfunding and IPO.
The last leg of the roadshow was held at the SEC’s headquarters in Makati City on Tuesday.
The SEC visited 21 key cities, including Baguio, Tarlac, Legazpi, Cebu, Iloilo, Bacolod, Tacloban, Cagayan de Oro, and Zamboanga, catering to over 3,000 onsite participant MSMEs and 60,000 online participants.
“Catering to the needs of the country’s MSMEs, especially their access to capital, has always been a priority of the Marcos administration,” Mr. Aquino said.
“Aligning ourselves with this mandate of the government, the SEC sees the need for more financing instruments to be made available to our MSMEs who continue to face credit constraints,” he added. — Revin Mikhael D. Ochave
THE SENATE on Tuesday approved on second reading a bill that seeks to extend Manila Electric Co.’s (Meralco) franchise for another 25 years.
Under House Bill No. 10926, Meralco will be allowed to continue to construct, operate, and maintain its electric distribution systems in areas such as Metro Manila, Bulacan, Cavite, Laguna, Batangas, and Rizal.
The power provider supplies electricity to at least 7.775 million Filipinos.
Meralco will have to offer at least 30% of its outstanding capital stock to Filipinos; otherwise, its franchise would be revoked, based on the measure.
The Senate can only give the measure a final nod three days after its second reading approval.
Senator Emmanuel Joel J. Villanueva, who sponsored the measure, earlier said Meralco plans to invest about P24 billion over the next five years to upgrade its power distribution system and replace more than 45,000 aging poles and power lines.
Under the Electric Power Industry Reform Act (EPIRA) of 2001, power suppliers are mandated to ensure a reliable supply of electricity in a “least-cost manner” or at reasonable rates.
In his third address to Congress in July last year, President Ferdinand R. Marcos, Jr. sought a review of EPIRA to address issues hounding the energy sector, particularly high energy prices.
The House energy committee in November last year approved a bill that would give the Energy Regulatory Commission (ERC) “quasi-judicial, quasi-legislative, and administrative” powers to fast-track the resolution of pending applications and cases.
Energy Undersecretary Sharon S. Garin earlier urged senators to amend the ERC charter to allow price increases without regulatory approval as long as these fall within a set benchmark or bracket.
P19-BILLION REFUND Typical households in areas served by Meralco may expect a refund of around P19 billion.
“We confirm that Meralco will be filing an application to refund a total of P19 billion, in compliance with the order of the ERC in December that declared July 2022-June 2025 as a lapsed period,” the company said in a statement on Tuesday.
Meralco said that the application was “duly published as well as a pre-filing requirement.”
The ERC is mandated to establish and enforce a methodology for setting transmission and distribution wheeling rates for a distribution utility.
Distribution utilities such as Meralco are subject to performance-based regulation wherein they are required to undergo a rate reset process prior to the start of the next regulatory year.
The rate reset process is usually a “forward-looking” exercise that requires the regulated entity to submit forecasted expenditures and proposed projects for the ERC to review and adjust rates.
In March 2022, Meralco filed its application for the fifth regulatory period (5RP), which spans from July 1, 2022 to June 30, 2026.
However, the rate reset during the period, which was supposedly under the 5RP, has not been completed.
Last year, the ERC decided to forego the regular regulatory reset process and declared July 2022 to June 2025 as a lapsed period.
With the application of Meralco, it said that the total proposed amount covers the difference between its actual weighted average tariff and the last approved rate of P1.35 per kilowatt-hour from July 2022 to December 2024.
The company is proposing to implement the refund over a period of 36 months, equivalent to around 19 centavos per kilowatt-hour for residential customers.
“It will be up to the ERC to accept, approve, or modify this application,” Meralco said.
Sought for comment, ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta confirmed that Meralco is undergoing the pre-filing process with the agency’s legal services.
“Once cleared and filed, we shall act on their application in due time,” she said in a Viber message. The commission has yet to receive the application, she said.
In a briefing earlier this year, Ms. Dimalanta said that the commission was targeting to complete Meralco’s rate reset for 5RP within the first semester of 2025.
Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — John Victor D. OrdoñezandSheldeen Joy Talavera
