MORE THAN 20% of Filipinos said building their emergency funds is their top savings priority over home improvement, personal purchases, and leisure spending, according to a survey by Metropolitan Bank & Trust Co. (Metrobank).
The bank’s survey of over 1,200 respondents conducted in October showed 21% said they save to build an emergency fund or set aside money for future needs when asked what they are saving for.
“For many Filipinos, saving is a way to feel prepared for the future. Elders often remind the younger generation to ‘mag-ipon (to save),’ advice that continues to resonate,” Metrobank said in a statement on Tuesday.
Meanwhile, 16% of respondents said they are saving to buy or improve a home, while 14% said they set aside money for leisure activities, such as travel, concerts, or their hobbies.
Metrobank added that savings behavior also varies by age, though financial security and peace of mind remained top priorities.
The survey showed that most young adults aged 18 to 24 years old primarily save for financial security, while 21% of them said they save for personal purchases, and 18% do so for education‑related expenses.
“For young Filipinos living outside Metro Manila, about 1 in 4 save specifically for schooling,” it said.
Working adults aged 25 to 44 years old said home ownership and financial stability were their top priorities (23%) as well as travel and leisure (18%).
Meanwhile, middle-aged respondents, or those aged 45 to 64 years old, prioritized retirement (23%), children’s education and future needs (20%), and travel or leisure (14%).
“Nationwide, these patterns remain consistent, showing that long-term planning and family considerations are top of mind for older savers,” Metrobank said.
Location also plays a role in savings priorities, it added.
The survey showed that 23% of Metro Manila respondents picked financial stability as their main goal, followed by home-related expenses at 19%, and travel or leisure at 17%.
Outside the capital, respondents said education is their top priority, with 20% saving for tuition or other school-related costs for themselves or family members.
“Residents in Metro Manila generally earn more and have easier access to schools and financial services, while those in other regions prioritize education as a path to a better future,” the bank said.
It added that Metrobank’s eSavings digital account, which is designed for first-time deposit clients, offers Filipinos a way to save, manage and grow funds while providing access to products like credit cards, loans, and investments.
Accountholders who keep a minimum balance of P2,000 can also qualify for benefits including AXA life insurance coverage of up to P1 million and terminal illness protection, up to four InstaPay rebates monthly, and access to an online time deposit with rates of up to 4.5% per annum.
Customers can open an eSavings account via the Metrobank app. — A.R.A. Inosante
TIKTOK SHOP blocked more than 70 million noncompliant items globally before they reached the platform in the first half of 2025, part of expanded measures to protect buyers, the company said in its latest Global Safety Report.
From January to June, the e-commerce arm of the social media platform also removed over 200,000 restricted or prohibited products after listing, deactivated more than 700,000 seller accounts for policy violations, and disabled e-commerce features for two million creators who failed to meet its standards.
“Ensuring a safe and reliable shopping experience is at the heart of everything we do,” Yves Randolph I. Gonzalez, TikTok Shop Philippines head of public policy, said in a statement.
“Our Safety Report demonstrates our continued investment in tools, technologies and policies that protect our community, and reflects our dedication to building a platform where Filipino sellers and buyers can confidently thrive,” he added.
TikTok Shop said these efforts rely on a combination of human oversight, advanced technology and strict adherence to its policies and community guidelines. Prohibited items include hazardous materials and weapons, while restricted products require prior approval.
The platform advised creators and sellers to comply with local laws and TikTok policies, including meeting safety and labeling standards, submitting required business and tax documents and avoiding restricted or prohibited items.
Proper documentation, product verification and attention to intellectual property rights are also recommended to prevent operational interruptions and copyright strikes.
To enhance understanding of its rules, TikTok Shop has launched educational campaigns, such as the TikTok Shop Academy accessible on its website. — Edg Adrian A. Eva
On Nov. 15, the Supreme Court (SC) announced that it was designating an initial batch of 21 Regional Trial Courts (RTCs) as special courts to handle anti-graft cases that arise from infrastructure projects.1
This initiative aligns with the Strategic Plan for Judicial Innovations of the SC which aims to introduce reforms to the judiciary to promote efficiency, transparency, and accountability.
Specifically, the SC has designated five RTCs in the National Capital Judicial Region and Region III, and four RTCs in Regions IV-A, V, VII, and XI. For areas without designated RTCs, cases shall be referred to the nearest judicial regions with designated RTCs. However, the SC has professed that it aims for all judicial regions to eventually have these designated RTCs.
Under Republic Act (RA) No. 10660, the RTCs possess exclusive original jurisdiction over graft cases under RA No. 3019 that do not allege any damage to the government or any bribery, or when it involves damage to the government or any bribery that does not exceed P1 million. Additionally, for graft cases, RTCs possess jurisdiction over public officers provided that their position is lower than Salary Grade 27.
As early as October in A.M. No. 25-10-24-SC, the SC already expressed its interest in establishing special courts to hear and decide corruption-related cases that are connected to infrastructure projects. Hence, it directed the Office of the Court Administrator to monitor the corruption cases filed in the RTCs.2
The judges of these RTCs will receive training from the Philippine Judicial Academy and lectures from the Associate Justices of the Sandiganbayan. Pertinent topics of these lectures will revolve around RA No. 3019 and RA No. 7080, and the nuances of these laws. Moreover, the scope of these lectures shall include topics such as the rules on bail in plunder cases, rules on cyber warrants, and the like.
The designation of these RTCs is a welcome development in promoting institutional transparency as these cases may help reveal gaps in existing legislation with respect to public infrastructure projects — from their bidding to implementation. This measure may likewise improve the competitiveness of public infrastructure procurement systems as the looming threat of prosecution and conviction for violation of prevailing laws may encourage more qualified stakeholders to participate and repel less capable entities. Consequently, the exclusion of these less capable entities may lead to better quality public infrastructure works and may even optimize public fiscal allocation.
Further, the selection of these courts may aid in de-incentivizing rent-seeking actions by public officials, thereby creating a more stable regulatory environment. In turn, this regulatory predictability may attract foreign investment as the country’s risk profile will be significantly parried. This belief may be bolstered by the desire of the SC in establishing more of these kinds of RTCs as it may signal the country’s resolute commitment to structural reform and good governance.
The designation of these courts may also prove to be a significant effort in decongesting existing court dockets due to the fact that these cases on public infrastructure anomalies will now be heard by these specialized courts and judges who are equipped with the subject-matter expertise to dispose of these cases in a forthwith manner. Relatedly, the assignment of these courts may work synergistically with the existing mandate of the Sandiganbayan (the country’s premiere anti-graft and corruption court) in the speedy disposition of anti-graft and corruption cases.
After all, these RTCs will possess exclusive original jurisdiction over graft cases that do not allege any damage to the government or any bribery, or when it involves damage to the government or any bribery that does not exceed P1 million. Hence, these RTCs will have the first opportunity to examine the factual milieu of these cases and scrutinize the often-voluminous evidence — thereby reducing existing constraints on the Sandiganbayan.
In all, these judicial reforms must be celebrated as significant and timely milestones that advance accountability, efficiency, and responsiveness — critical goals in the legal field and overall socio-economic landscape.
The views and opinions expressed in this article are those of the author. This article is for general informational and educational purposes only and not offered as and does not constitute legal advice or legal opinion.
1 Office of the Spokesperson, SC Designates RTCs as Anti-Graft Courts under RA 10660, Supreme Court of the Philippines, Nov. 15, 2025, at https://sc.judiciary.gov.ph/sc-designates-rtcs-as-anti-graft-courts-under-ra-10660/ (last accessed Nov. 21, 2025).
2 Office of the Spokesperson, Press Brief, Supreme Court of Philippines, Oct. 29, 2025, https://sc.judiciary.gov.ph/wp-content/uploads/2025/10/PRESS-BRIEFER-October-29-2025.pdf (last accessed Nov. 21, 2025).
Louise Michiko B. Lokin is an associate of the Litigation and Dispute Resolution department of the Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW).
During her presentation, Pauline Fermin of Acumen Strategy Consultants highlighted that while salary remains the top factor for attraction and retention, expectations now vary widely. — Photos by The Philippine Star/Jesse Bustos
By Jomarc Angelo M. Corpuz, Special Features and Content Writer
Work could, perhaps, be the second most important aspect of life for adult Filipinos, right after their families or their individual pursuits. After all, employees spend a large part of their day commuting to work, completing tasks, collaborating with colleagues, and navigating the rhythms of their workplaces.
Yet, not all employees experience work the same way. Key factors, including differences in age, background, and expectations, mean that today’s workforce is more diverse and even isolated from each other, more than ever. Understanding these varying needs, motivations, and perspectives is therefore needed for companies seeking to boost engagement, productivity, and instill a positive work culture.
Shedding light on how to deal with this diversity and other issues around the work environment was a key area in this year’s BusinessWorld Forecast 2026 forum.
Decoding generational dynamics in the workplace
One of the forum’s highlights was a presentation that examined how generational differences shape work styles, expectations, and leadership approaches in Filipino organizations. Providing insights on this topic, Acumen Strategy Consultants President and Chief Executive Officer (CEO) Pauline Fermin gave a presentation surrounding the theme “Project Alphabet: Decoding Filipinos Across Generations” during the forum.
Project Alphabet is a study by Acumen that takes a critical look at the generational divide in the workplace, complete with in-depth interviews with employees from benchmark companies representing a variety of industries, local and multinational companies.
Citing the study, Ms. Fermin revealed that 75% of today’s Filipino workplace is composed of Gen Zs and Gen Ys, considered the digital generations, while 25% are Gen Xers and Boomers, who comprise the majority of the senior leadership.
She also mentioned that over 75% of business leaders viewed differences in management and leadership styles as a major issue in the company. But despite recognizing these challenges, many companies actually do not have plans yet in place to address this.
Acumen Strategy Consultants President and CEO Pauline Fermin
Ms. Fermin also distinguished the distinct values that generations in the workforce bring based on their upbringing. Boomers, she said, were raised in militaristic environments, prioritize independence, security, loyalty, and stability, serving as legacy keepers in the workplace. On the other hand, Gen X, shaped by structure and self-sufficiency, now leads with resilience and reliability. Millennials, raised during the digital boom, seek purposeful work, flexibility, and balance, acting as connectors across generations; while Gen Zs, the first true digital natives, value freedom, empathy, and innovation, preferring direct communication and healthy work cultures.
“To turn this generational diversity into an organizational strength, it is very important to recognize and leverage what each one uniquely brings to the organization. We Gen Xers and boomers should appreciate the fresh ideas and energy of the younger generations. Gen Ys and Zs must respect the wisdom and experience that Gen Xers and Boomers have accumulated over the years,” she said.
To remain competitive in a multigenerational workforce, Ms. Fermin shared five mandates organizations must act on. First, rewards must modernize. While salary remains the top factor for attraction and retention, expectations now vary widely. Younger employees prefer cash-based or experiential rewards, while older generations value more traditional forms of recognition.
“Rewards must evolve beyond fairness to become transparent, inclusive, and multi-modal. This means dismantling one-size-fits-all models and building systems that flex by generation, by lifestyle, and contribution while restoring trust in how pay and recognition are managed,” she explained.
She also mentioned that careers must be redesigned. Growth motivates all generations, but employees now pursue multiple pathways such as technical mastery, project leadership, mobility, or better balance. Ms. Fermin concludes that career models must shift from linear progression to fluid, life-stage-responsive options.
The presentation also highlights the possibility of reimagining work. Ms. Fermin said that retention hinges on balance, communication, and supportive environments. Tensions around hybrid work, communication styles, and skill disparities require adaptable structures and stronger cross-generational collaboration, especially as AI transforms roles.
“All generations say work-life balance is a priority; but balance does not mean the same thing for everyone, and the difference plays out most visibly in how work is structured,” she added.
Ms. Fermin also gave emphasis on strengthening the work culture. She mentioned that toxic workplace norms remain a leading cause of resignations. Aligning expectations around boundaries, commitment, and purpose is critical to fostering healthier, more cohesive environments, according to the Acumen president.
“We have two main tensions that drive the perception of toxicity at work. First, boundaries versus commitment. Boomers and Gen Xers expect long hours as proof of commitment, but the younger generation sets very clear boundaries as to when work starts and when it should end. The other concern revolves around the divide between prioritizing purpose, fulfilment, and personal values over traditional metrics and KPIs (key performance indicators) on productivity and compensation,” she said.
Finally, Ms. Fermin shared that leadership must be redefined. Employees expect leaders who are inclusive, communicative, and development-focused. Building generational fluency and investing in mentorship will allow organizations to convert generational diversity into long-term strategic advantage.
“We need new leadership approaches, inspire and empower young leaders to flex their unique leadership styles, invest in cross-generational leadership development, and build people management skills that balance empathy, confidence, and clarity,” she concluded.
Making the multigenerational workforce work
Panel Discussion 3 (L-R): BusinessWorld reporter Beatriz Marie Cruz (moderator), Miguel Lim Lanuza of Mynt, Steph Naval of Empath, and Enrique Antonio Reyes of Converge ICT Solutions, Inc.
Building on insights from the Project Alphabet presentation, the forum then turned to a broader conversation about how organizations can practically apply these lessons to shape the future of work through the event’s third panel discussion.
Paneled by executives from telecommunications company Converge ICT Solutions, Inc., wellness platform Empath, and mobile finance services corporation Mynt, the conversation centered on the topic “The Future of Work: Managing a Multigenerational Workforce.” The discussion covered various themes, including understanding and bridging generational differences, the value of Gen Z in the workforce, technology adaptability, as well as feedback and communication.
BusinessWorld reporter Beatriz Marie Cruz moderated the panel discussion.
Empath Founder and Chief Executive Officer Stephanie Angelica “Steph” S. Naval emphasized that managing a multigenerational workforce is about policies, technology, and fostering effective communication and mutual understanding between generations.
“I think it’s really both generations adjusting to how to communicate with each other. Does it come off as too straightforward, too casual, or understanding? And, maybe, there should also be an element of a boundary — that’s your boss or your head, rather than your high school friend. It’s really educating each other. And, I think, the first thing you can think of [educating yourself with is] good communication styles,” she said.
Building on the importance of communication, Converge ICT Solutions Vice-President and Head of Strategic Business Partnering Enrique Antonio Reyes highlighted the broader challenge of leading multiple generations in today’s workplace, framing generational diversity as both an opportunity and a management test.
“I wanted to make a point that this is a unique point in critical management history, where we’re faced with several generations at a time — from three to four, maybe even up to five. Now, given that, in recent times we have embraced diversity as a strength, as a source of competitive advantage. But, of course, it will always have its challenges,” he added.
Ms. Naval added that despite the challenges of managing multiple generations, business leaders and companies have a unique opportunity to create workplaces that uplift and empower Filipinos.
Empath Founder and CEO Steph Naval
“This can go either way, but business leaders, HR (human resources) experts, and companies are in a very good position to really ensure that it uplifts Filipinos, empowers them, and guides them toward a more empowered future,” she explained.
Mr. Reyes added that beyond communication and leadership, fostering mutual learning between generations through mentoring and reverse-mentoring is key to making multigenerational workplaces thrive.
“We also take on things that we give to the younger ones and vice-versa. Learning from each other is important — the tenured ones mentoring the younger ones, and the younger ones reverse-mentoring the tenured ones,” he said.
In addition, Ms. Naval of Empath noted that this mutual learning goes both ways, as younger employees such as Gen Z bring technological skills, adaptability, and fresh perspectives that can become valuable assets for companies.
“Despite the pains that I know business owners might feel when Gen Zs are in the workplace, I think there’s really a lot that [Gen Zs] can offer. Part of it is a competitive advantage when it comes to technology. We are also fast if guided properly and well. We could also be a really good asset for companies that want to be competitive, whether it comes with innovation and change from AI, we’re most open to learning,” she said.
Furthermore, Mr. Reyes mentions that when the experience of tenured employees is combined with the energy, adaptability, and innovative mindset of younger workers, companies can achieve faster execution and more effective outcomes.
Converge ICT Solutions, Inc. Vice-President and Head of Strategic Business Partnering Enrique Antonio Reyes
“We have the pattern recognition of the tenured people, and then the new information and new context brought by the younger ones. Apart from innovation — because the younger ones are more into testing — there is also faster execution. The focus of the tenured generation, combined with the energy and quickness of the younger generation, results in faster execution,” he maintained.
Mr. Reyes also explained that alongside leveraging generational strengths for faster execution, careful task allocation and clear communication are essential to ensure workers across generations contribute effectively.
“One observation I see when different generations work on a project is task ownership. Usually, the more labor-intensive tasks are given to the younger generation. If you’re a leader, task distribution is important. It’s important to talk to different individuals and ensure that we share the same ways of working,” he said.
As the discussion shifted from generational dynamics to the tools shaping the future workplace, Mynt Head of Leadership and Culture Miguel Lim Lanuza underscored how technology and artificial intelligence (AI) readiness now play a central role in building an inclusive and future-proof workforce.
Mynt Chief Head of Leadership and Culture Miguel Lim Lanuza
“Emerging technology is essential to our business and to financial inclusion. We don’t see it as a threat. We require company-wide AI training and have built AI adoption into performance ratings. Next year, we’re rolling out AI learning pathways tailored to roles,” he said.
Following the discussion on technology and AI readiness, Mr. Reyes stated that even with new tools transforming workplace processes, communication remains a core challenge that every generation must navigate carefully.
“Communication will always be a point of tension — whether the younger generation prefers more informal, more frequent communication, or the tenured generation will focus more on structured, scheduled, more formal types of interaction. Technology plays a part, but accuracy is very important,” he said.
“For me, feedback is paramount. Creating an environment that welcomes feedback and equipping everyone — leaders and employees — with the ability to ask for, receive, and give feedback is essential. Through feedback loops, we clarify issues, build momentum, and strengthen collaboration. Communication is key,” Mr. Lanuza added.
(L-R) Patrick Avila, director of A-FLOW, Vic Barrios, CEO and president of Digital Edge Philippines, Maricar Nepomuceno, country director of Digital Halo, Victor Genuino, president and CEO, VITRO, Inc., Carlo Malana, president and CEO of ST Telemedia Global Data Centres (Philippines), Nik de Ynchausti, president/co-founder of YCO Cloud.—Data Center Operators of the Philippines
PHILIPPINE DATA CENTER operators have formed the Data Center Operators of the Philippines (DCPH) to coordinate efforts in strengthening the country’s position as a digital hub in Southeast Asia.
“The Philippines can enhance its infrastructure resilience, attract greater cloud and AI investments, and establish itself as a leading digital hub in the region, enabling the free and seamless flow of data across borders to support the digital economy,” DCPH said in a media release on Tuesday.
The alliance, composed of VITRO Inc., ST Telemedia Global Data Centres (Philippines), YCO Cloud, Digital Edge Philippines, Digital Halo, and A-FLOW (a joint venture between FLOW Digital Infrastructure and AyalaLand Logistics Holdings Corp.), signed a memorandum of understanding to bolster the country’s regional standing in the global digital economy through robust data center infrastructure development and industry cooperation.
“Together, these companies share a common vision — to strengthen the Philippines’ regional competitiveness in the global digital economy through robust data center infrastructure development and industry collaboration,” the group said.
VITRO, the data center unit of the PLDT Group under ePLDT, Inc., is building its 12th data center in General Trias, Cavite, which will be its largest to date.
The facility will have a capacity of 100 megawatts (MW) — double that of its 50-MW VITRO Sta. Rosa campus in Laguna, currently the largest in the country.
STT GDC Philippines, a joint venture between Globe Telecom, Inc., Ayala Corp., and ST Telemedia Global Data Centres, operates seven data centers in the country with a combined IT load of 150 MW.
Members of DCPH have a combined 473 MW of IT power capacity, the group said, adding that it will serve as a unified voice for the country’s data center industry.
“Driving stronger collaboration across stakeholders and allied sectors. Its key goals include advancing infrastructure and innovation; working with the power sector to ensure competitive rates and renewable energy access; collaborating with telcos to enhance connectivity; and engaging with government agencies,” it said.
The group also seeks to work closely with the Department of Information and Communications Technology (DICT) on supportive policies such as data localization, while also developing talent and manpower amid growing demand for hyperscalers and emerging technologies, particularly artificial intelligence.
“The alliance underscored that data localization is crucial for data processed and stored by the public sector. Keeping government data within the country safeguards national security and protects citizen data,” it added.
The DICT has projected that the Philippines’ data center capacity could reach 1.5 gigawatts (GW) by 2028 as more local and foreign operators establish facilities in the country.
“As digital transformation and AI adoption accelerate worldwide, this alliance marks a pivotal step toward building a future-ready and globally competitive digital economy for the Philippines — one powered by data centers, the backbone of digitalization,” DCPH said. — Ashley Erika O. Jose
POMPEII, Italy — Pompeii’s ancient Roman frescoes, shattered and buried for centuries, could get a second life thanks to a pioneering robotic system designed to support archaeologists in one of their most painstaking tasks: reassembling fragmented artifacts.
The technology, developed under an European Union-funded project called RePAIR, combines advanced image recognition, AI-driven puzzle-solving, and ultra-precise robotic hands to accelerate traditionally slow and often frustrating restoration work.
Launched in 2021 and coordinated by Venice’s Ca’ Foscari University, the robotic project showcased in Pompeii last Thursday brought together international research teams that have used the archaeological site as their testing ground.
The experimental project “actually started from a very concrete necessity to recompose fragments of frescoes that had been destroyed during the Second World War,” said the site’s director Gabriel Zuchtriegel.
Researchers believe the technology could transform restoration practices worldwide.
The robot uses twin arms equipped with flexible hands in two sizes and vision sensors to identify, grip, and assemble fragments without damaging their delicate surfaces.
The once-thriving city of Pompeii, near Naples, and its surrounding countryside were submerged by volcanic ash when Mount Vesuvius exploded in AD 79.
Researchers focused on frescoes preserved in a fragmentary state in Pompeii’s storerooms — two large ceiling paintings which were damaged during the initial eruption and later shattered by bombing in World War Two, and frescoes from the so-called House of the Gladiators which collapsed in 2010.
Replicas were created during this initial testing phase to avoid risking the original pieces.
While the robotics teams worked on designing and building the system, experts in artificial intelligence and machine learning developed algorithms to reconstruct the frescoes, matching colors and patterns that may not be visible to the human eye.
Experts say the task is similar to solving a giant jigsaw puzzle, with extra difficulties such as missing pieces and no reference image of the final result.
“It’s like you buy four or five boxes of jigsaw puzzles. You mix everything together, then you throw away the boxes and try to solve four or five puzzles at the same time,” said Marcello Pelillo, the Venice university professor who coordinated the project. — Reuters
THE PESO slipped against the dollar on Tuesday on economic growth concerns and ahead of key US data to be released on Friday.
The local unit went down by 3.1 centavos to close at P58.521 against the greenback from its P58.49 finish on Monday, Bankers Association of the Philippines data showed.
The peso opened Tuesday’s session flat at P58.49 to the dollar. Its weakest showing was at P58.54, while its intraday best was at P58.33 versus the greenback.
Dollars traded went up to $1.49 billion from $1.22 billion on Monday.
The local unit edged down after Economy Secretary Arsenio M. Balisacan said that Philippine gross domestic product (GDP) growth may not even reach the lower end of the government’s 5.5-6.5% full-year target due to the impact of the corruption scandal and adverse weather, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message. If realized, 2025 would be the third straight year that the Philippines will miss its GDP growth goal.
The economy expanded by 4% in the third quarter, the slowest in over four years, bringing the nine-month average to 5%.
“The peso weakened amid expectations of a stronger US PCE (personal consumption expenditures) inflation data due to be released on Friday,” the first trader said in a Viber message.
Investors are now looking out for Wednesday’s November ADP employment report and Friday’s delayed September PCE Index, for clues on a Fed interest rate cut at the central bank’s meeting next week, Reuters reported.
Traders are pricing in an 87% chance of a December Fed rate cut, per CME’s FedWatch tool.
“The dollar-peso closed slightly higher due to geopolitical fears that attract dollar strength during Asian time amid rising oil prices. (There are) growing geopolitical fears after the drone strike damaged infrastructure of the Black Sea Terminal,” the second trader said in a phone interview.
For Wednesday, the first trader sees the peso moving between P58.40 and P58.65 per dollar, while the second trader expects it to range from P58.30 to P58.60. Mr. Ricafort said the peso could trade from P58.40 to P58.65. — A.R.A. Inosante
Panel Discussion 4 (L-R): Former BusinessWorld reporter Luisa Jocson (moderator), Victor Andres “Dindo” Manhit of Stratbase Institute, John Reinier Dizon of the Federation of Philippine Industries, and Dan Lachica of the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. — Photos by The Philippine Star/Jesse Bustos
By Bjorn Biel M. Beltran, Special Features and Content Assistant Editor
“For an impenetrable shield, stand inside yourself.”
Henry David Thoreau, the most commonly attributed source of that quote, posited that with inner strength and unshakeable fortitude, one can overcome almost anything. The most powerful defense is internal.
This universal truth was reached by the final panel of BusinessWorld Forecast 2026, where representatives from trade organizations and think tanks came together to discuss “Navigating New Normal in Trade: How Philippines Is Faring in the New Global Trade Order.”
Since recovering from the global pandemic, international trade has been defined less by recovery and more by turbulence. Geopolitics is now a disruptive force of its own, reshaping value chains and redrawing the map of opportunity. Major economies like the United States under President Donald Trump are forcing supply chains to recalibrate, even as technology becomes ever necessary through the proliferation of digital systems and economies. This shifting order has sharpened competition across Asia and exposed long-standing vulnerabilities in trade-dependent economies like the Philippines.
“Today the world, I would say, is in a global disorder,” Stratbase Institute President Victor Andres “Dindo” C. Manhit said.
Since the Second World War, Mr. Manhit explained, there had been a prevailing narrative about the world: that the West had been up to now the custodians of the global order, and that the Philippines as a country has benefitted greatly from this order. But as Western influence wanes, those who have questioned that arrangement — countries like China, Russia, and Iran — are stepping into the limelight.
Stratbase Institute President Victor Andres “Dindo” C. Manhit
“The past few years we have seen a confluence of national security and economic security,” he said. “I see a world whereby the Philippines is in the middle.”
The Philippines, as he sees it, is in the perfect strategic position to take advantage of shifting geopolitics. However, the country cannot rely on external momentum alone. It needs its own foundation, and that is the greatest challenge.
No industry illustrates the tension better than electronics. The sector has long been the backbone of Philippine exports. Semiconductor and Electronics Industries in the Philippines Foundation, Inc. President Danilo “Dan” C. Lachica laid out the magnitude with precision.
“The sector accounts for 70% of the country’s $42.6-billion exports,” he said, noting that despite earlier projections of flat growth due to inventory corrections and reciprocal tariffs, the industry is still seeing growth riding the wave of advanced technologies. “Because of artificial intelligence, data centers, TVs, and all that, we’re now looking at 5% to 7% growth.”
Semiconductor and Electronics Industries in the Philippines Foundation, Inc. President Dan Lachica
Yet, the very success of electronics exposes how narrow the country’s export base has become. Mr. Lachica was quick to point out the structural fragility: global electronics supply chains flow overwhelmingly through Hong Kong, and China still is the biggest export origin.
During the pandemic, this near-total dependence locked the industry into paralysis. “We were practically at a standstill,” he recalled.
Even now, the sector’s integration into global technological trends is not matched by equally strong domestic supply-chain development or industrial strategy. Mr. Lachica noted with concern that semiconductor electronics was absent from the initial priority track for ASEAN discussions in 2026 — despite being the country’s largest dollar generator. It’s a telling omission, and one that underscores how the Philippines still enjoys export success without fully anchoring it in national policy.
The rest of manufacturing illustrates this internal weakness. Federation of Philippine Industries President John Reinier H. Dizon reminded the audience how liberalization reshaped the country’s economic terrain.
“There are pros and cons of such free trade. There is nothing wrong with it,” he said. “But many other countries have placed more safeguards… The Philippines was maybe a little bit more aggressive. And as a consequence, over time, it actually affected our trade deficit.”
The consequences are visible across decades. “Several industries actually faltered,” Mr. Dizon said, citing the collapse of the Marikina shoe sector, the decline of textiles, and the fall of National Steel Corp. The country embraced free trade before building the productive base that would allow it to benefit from openness. Consumption rose, but the industrial core thinned.
The result today is a staggering trade imbalance. “We have the biggest trade deficit in ASEAN… about $54 billion,” he pointed out. “If we compare that with the likes of Vietnam, they actually had a trade surplus of $28 billion. Thailand, trade surplus of $6 billion. Malaysia, trade surplus of $20 billion. Indonesia, their trade deficits at a much more manageable level, at $15 billion.”
Thus, in the global market, the Philippines has become a consumer with relatively little to offer. So, how can a country leverage regional agreements or global markets if it has nothing to sell?
Federation of Philippine Industries President John Reinier Dizon
Mr. Dizon urged the government to put more effort into reviving manufacturing and production to support local industries. Initiatives like the Tatak Pinoy Act, or Republic Act No. 11981, aimed at enhancing collaboration between the government and private sector, is a start.
The shield we have yet to build
This foundational core begins with perception.
The Philippines, Mr. Manhit argued, needs to stop seeing itself as an accessory to bigger, more powerful countries. This shift in self-perception matters not just for diplomacy but for investment strategy. After six years of Chinese-focused foreign policy under the Duterte administration, he pointed out that the Philippines scarcely got any investment from Beijing. Real capital inflows continue to come from Japan, the United States, and the European Union, partners that coincidentally also align with the country’s security interests.
“Maybe it’s time for us to look at who our friends are and really build a secure economy that also protects our interests,” he said. “At the end of the day, we are in a good strategic position. Let’s maximize it.”
This convergence of geopolitics and economics may define the coming decade. Supply chain diversification, reshoring, and allied manufacturing give the Philippines the chance to reposition itself, but only if it stabilizes its policy environment and strengthens governance. Transparency, stable policies, and partnerships between the public and private sectors are now essential conditions for competitiveness.
Former BusinessWorld reporter Luisa Jocson moderated the panel discussion.
For an impenetrable shield, one must create it inward. Competitiveness — one that can thrive in any storm — does not come from aligning with the right partners alone, nor from riding the growth of a single sector. It comes from building resilience within, through strong industries, governance, and institutions.
“Let’s stop looking at ourselves like such poor Filipinos,” Mr. Manhit encouraged. “Strategic thinkers used to say, ‘Why do you call yourself a small country? Because you’re not.’”
“We have the economy growing. We have a population that is big. We also need to think big,” he added.
The Philippines held its rank steady at 15th spot out of 27 countries in the 2025 edition of the Asia Power Index by Lowy Institute. With an overall score of 15.2 out of 100, the country is classified as a “middle power” in the region. The index measures a country’s ability to shape and respond to their external environment across eight measures of power.
FLOODING along E. Rodriguez Avenue in Quezon City brought by torrential rains from Typhoon Carina and the southwest monsoon on July 24, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMAN
THE Philippine government is considering offering a bounty for former House of Representatives appropriations committee Chairman Elizaldy S. Co, who authorities believe fled to Portugal to evade arrest following a Sandiganbayan-issued warrant tied to an anomalous flood control project in Oriental Mindoro.
Palace Press Officer Clarissa A. Castro told a news briefing that while a bounty “could possibly be considered,” no official discussions have taken place.
Mr. Co’s company, Sunwest, Inc., is alleged to have misappropriated public funds for a P289-million road dike along the Mag-Asawang Tubig River in Naujan, Oriental Mindoro. He faces graft charges.
The case is part of a broader investigation into a corruption scandal involving high-ranking officials and private contractors receiving kickbacks on government projects.
Separately, Ms. Castro addressed calls for a lifestyle audit of presidential son and Ilocos Norte Rep. Ferdinand Alexander “Sandro” A. Marcos III, whose district reportedly received among the highest Department of Public Works and Highways (DPWH) funds from 2023 to 2025.
She said there is no restriction on subjecting any public official to a lifestyle check and reiterated that the First Family has consistently welcomed such reviews.
A recent Philippine Center for Investigative Journalism (PCIJ) report highlighted how DPWH funds have become a de facto pork barrel, allowing lawmakers to channel large infrastructure allocations to favored districts.
Sandro Marcos reportedly received P15.8 billion, while former Speaker and presidential cousin Ferdinand Martin G. Romualdez got P14.4 billion — far above most other districts, some of which received minimal funding.
“The President has read the PCIJ report,” Ms. Castro said. “[Sandro] has said that he volunteered, and whatever issues concern him, he will personally go to the [Independent Commission for Infrastructure] to be investigated,” she added in Filipino.
The PCIJ report raised concerns over transparency, political favoritism and fairness, noting that funds are released before specific projects are identified.
Nonallocable DPWH projects have also been used for alleged political insertion and kickbacks, suggesting that significant discretionary influence persists, echoing the previous pork barrel scheme.
President Ferdinand R. Marcos, Jr. has tried to reassure the public by promising jail time for those involved in anomalous flood control projects before Christmas.
He earlier announced arrest warrants for Mr. Co and several others linked to an anomalous public works deal in Bulacan, north of the capital.
The President earlier flagged about P545 billion in flood control spending since 2022, saying about P100 billion in contracts went to only 15 contractors, including companies tied to political clans.
On Nov. 26, Mr. Marcos said more assets linked to the flood control scandal had been frozen, bringing the total so far to about P12 billion.
The Anti-Money Laundering Council has said the frozen assets included 3,566 bank accounts, 198 insurance policies, 247 motor vehicles, 178 real properties and 16 e-wallet accounts.
Mr. Co earlier posted a series of videos accusing Mr. Marcos and senior officials of graft after the administration launched a sweeping probe
Thousands of protesters gathered in the Philippine capital on Nov. 30 — a national holiday marking the birth of revolutionary hero Andres Bonifacio — demanding Mr. Marcos’ resignation over the flood scam.
The rally started at the Luneta National Park in Manila, with protesters marching on to the presidential palace. — Chloe Mari A. Hufana
LANDBANK PRESIDENT and Chief Executive Officer Lynette V. Ortiz comes out of the ICI building in Taguig City after attending a hearing on the flood control scandal. — PHILIPPINE STAR/WALTER BOLLOZOS
By Erika Mae P. Sinaking
THE Independent Commission for Infrastructure (ICI) started livestreaming its proceedings on Tuesday as it investigates irregularities in government flood control projects, with more lawmakers expected to appear in the coming days.
Laguna Rep. Benjamin C. Agarao, Jr. appeared before the body and denied claims by contractors Cezarah Rowena C. Discaya and Pacifico F. Discaya II, who accused him of soliciting commissions in exchange for government flood control projects.
“I do not personally know them,” he told commissioners. “I do not know what motive the Discaya couple may have. I have nothing to say because I was not present during the period they are referring to.”
“I cannot fathom why he mentioned my name and accused me of what I believe are false allegations. My family has been deeply affected,” Mr. Agarao said, adding that he might pursue legal action against the Discayas.
In a separate session, officials from state-owned Land Bank of the Philippines (LANDBANK) submitted a “disbursement framework” detailing institutional workflows, internal controls and validation procedures for its financial operations.
Landbank President and Chief Executive Officer Lynette V. Ortiz said all transactions linked to government projects, including a P457-million cash release to contractor Syms Construction, were properly conducted.
ICI Commissioner Rogelio “Babes” L. Singson questioned Landbank officials about multiple accounts linked to contractors and potential red flags. Ms. Ortiz acknowledged the interlinked ownership but said it did not automatically constitute a red flag, citing bank secrecy rules for specifics.
Several lawmakers are scheduled to appear this week as resource persons, including House of Representatives Majority Leader and Ilocos Rep. Ferdinand Alexander “Sandro” A. Marcos III, Davao City Rep. Paolo “Pulong” Z. Duterte, Benguet Rep. Eric Go Yap and Bulacan Rep. Danilo A. Domingo.
Meanwhile, Party-list Rep. Antonio L. Tinio submitted a letter and technical report urging the ICI to investigate alleged irregularities in P4.4 billion worth of flood control contracts in Davao City.
He cited discrepancies in project locations, incomplete works and possible overpricing in at least 80 contracts executed from 2019 to 2022.
“Some project locations differ from what was approved in the budget,” Mr. Tinio said. “In some cases, the actual project length is shorter than what was funded, which suggests possible overpricing.”
He noted that more than half of the projects were congressional insertions and called for a probe into the role of then-Congressman Mr. Duterte.
