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PLDT rolls out SmartSafe to replace one-time passwords

REUTERS

PLDT Inc. through its corporate arm PLDT Enterprise has unveiled SmartSafe, a telecommunication-enabled authentication system that aims to phase out one-time passwords (OTP), with government support expected for a nationwide rollout.

SmartSafe was launched alongside partners “who are all united by a shared goal: a digital Philippines built on trust, safety and innovation,” PLDT Senior Vice-President and Enterprise Business head Patricio S. Pineda III said in a statement on Wednesday.

Developed with Smart Communications, Inc., the company’s wireless unit, SmartSafe is the country’s first telco-powered fraud management application programming interface suite globally certified by the GSMA, the worldwide association of mobile network operators.

Mr. Pineda said SmartSafe’s SilentAccess feature replaces SMS-based OTPs by verifying users directly within Smart and PLDT’s secure networks. It is the first in the country to deliver the safest telco-powered authentication solution available today, he said.

“When businesses and their customers feel safe, they have the confidence to grow,” he added.

Information and Communications Technology Secretary Henry Rhoel R. Aguda said the agency would issue an order to support the adoption of the system and direct other telecommunication companies to implement similar security measures.

“Obviously, it will not happen overnight,” he said in the statement. “This is much safer, and within GSMA standards instead of OTP.”

SmartSafe was launched in partnership with the Department of Information and Communications Technology, Bangko Sentral ng Pilipinas, National Privacy Commission and National Telecommunications Commission.

The technology lets users log in or complete transactions without relying on OTPs, reducing risks from phishing and SIM-related fraud. Businesses can integrate the system into their digital platforms to strengthen authentication and streamline customer access.

PLDT said SmartSafe is part of its broader push to reinforce the country’s digital security infrastructure as more transactions move online.

Hastings Holdings, Inc., a unit of the PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose

Filipino now part of Galaxy AI’s supported languages

SAMSUNG.COM

SAMSUNG Electronics Co., Ltd. last week expanded its Galaxy AI language support to include Filipino.

Support for Filipino was rolled out along with Gujarati. Supported Galaxy AI languages are available for download as language packs from the Settings app of mobile devices.

“Filipino is used daily by an estimated 87 million people, while Gujarati is spoken by an estimated 62.5 million people,” the company said in a statement. “With this new update, Galaxy AI will support a total of 22 languages, now accounting for languages spoken by nearly 74% of the global population/5.9 billion people across the globe. This strengthens Samsung’s ongoing commitment to lowering language barriers and bringing meaningful mobile AI experiences to more people.”

“We are very excited to witness how Galaxy AI is becoming more integrated into the lives of Filipinos — both in creative and productive ways,” Jun Guevara, head of Mobile Experience for Samsung Electronics Philippines, said. “Our goal remains the same: develop meaningful AI technology that truly makes the lives of our users better. And we will be consistently guided by this vision as we continue Samsung’s legacy of innovation here in the Philippines.”

The language support will allow more users to leverage Galaxy AI’s features like Live Translate, which allows for real-time, two-way voice and text translations and Interpreter, which translates in-person conversations through a split-screen view.

Other features include Chat Assist, which fine-tunes messages for any situation by offering suggestions based on tone or intent; Note Assist, which can generate summaries and pre-formatted templates; Transcript Assist, which helps transcribe, summarize and translate voice recordings; and Browsing Assist, which summarizing news articles and webpages for quick access.

“These features were created with deep linguistic understanding and regional insight to ensure Galaxy AI adapts naturally to the ways people communicate. The Filipino and Gujarati languages were developed in close collaboration with Samsung Research centers in Indonesia and India, respectively. Their ongoing work advancing localized language models continues to shape Galaxy AI’s global rollout,” the company said.

Samsung said it is on track to bring Galaxy AI to over 400 million devices by year-end after it reached 200 million devices in 2024. — BVR

Mastercard appoints new PHL country head

MASTERCARD Philippines Country Manager Jason Crasto — MASTERCARD PHILIPPINES

MASTERCARD has appointed Jason Crasto as its new country manager for the Philippines to lead its business operations.

Mr. Crasto succeeded Simon Calasanz, who held the post since 2021 and until May this year.

He will lead Mastercard’s efforts to support the Philippines’ national digital payments growth and transformation roadmap by working with both the public and private sector to advance smart, secure, and inclusive payments solutions for consumers and businesses, the company said in a statement on Wednesday.

It added that Mr. Crasto’s experience in scaling digital ecosystems across South Asia will help sustain the growth of digital payments in the Philippines. He has over two decades of experience in the payments industry, leading initiatives across consumer, commercial, and digital payments.

He joined Mastercard in 2020 and has managed key client relationships and product portfolios. Before this, he held positions across global payment networks, banks, and loyalty platforms.

He holds a Master’s degree in Finance from Jamnalal Bajaj Institute of Management Studies and a Bachelor of Commerce degree from Narsee Monjee College of Commerce and Economics.

“I am honored to oversee Mastercard’s business in the Philippines and contribute to the country’s digital growth,”Mr. Crasto said. “I look forward to working with our talented and dedicated Mastercard team, as well as our customers and partners to deliver innovative payments solutions that empower Filipinos, and help build a more connected, secure, and inclusive digital future for the Philippines.”

Safdar Khan, division president for Southeast Asia at Mastercard, said they are confident that Mr. Crasto can help spearhead the company’s continued growth in the Philippine market.

“Jason’s leadership and industry expertise will be pivotal as Mastercard deepens its role as a trusted partner in the Philippines’ digital transformation journey. With his extensive payments experience and passion for driving inclusive, innovation-led growth, we are confident that Jason will build on our strong foundations and drive the next chapter of growth for Mastercard in the Philippines.” — A.M.C. Sy

Is ChatGPT the end of good manners?

STOCK PHOTO | Image from Freepik

By Frank Barry

HAVE YOU taken the Bloomberg AI-dentity Quiz? I did, and it pegged me as a “cautious optimist.” That seemed about right — but my sense of optimism was tested last week.

No, I wasn’t reading If Anyone Builds It, Everyone Dies. Nor was I trying to determine whether a chatbot would lie, or get something wrong, or reveal its unethical underside. I was just listening to a colleague give me a tutorial on how to use one.

“Don’t be polite,” he said, as he deleted the word “please” while editing a command he was giving ChatGPT. “Saying ‘please’ just wastes its energy and resources. Be direct.”

Uh-oh, I thought. If people learn to stop using polite language when speaking to a human-like helper, won’t they also be less likely to use polite language when speaking to other people?

Courtesy and manners are habits. Once formed, they become second nature. But if using AI also becomes second nature, as the best technology eventually does, will it weaken the small courtesies that are so essential to human relationships?

After ChatGPT delivered a first draft, my AI tutor ended a long follow-up prompt by writing: “DO BETTER. YOU CAN DO A LOT BETTER.”

Wow, I thought — that’s aggressive. Chatbots are often compared to highly capable interns who need specific guidance, but this felt more like we were dog trainers scolding a puppy or football coaches haranguing a linebacker who missed a tackle.

Imagine writing colleagues all-caps texts or e-mails filled with commands. It may not be an HR violation, but it’s not the path to Manager of the Year, either. Will AI conversations normalize rudeness? I tried to ask about it in the politest way I could.

“Does the Chatbot recognize all caps as expressing heightened emphasis and urgency?”

My tutor was direct.

“Yes — best practice is to yell at it.”

My heart sank. The amount of yelling in public discourse has already reached ghastly levels, and now the most transformative technology of our time is incentivizing it?

A couple of hours later, I met my wife for dinner in Greenwich Village at Arturo’s Coal Oven Pizza, founded in 1957. We sat at the bar and listened to the soft sounds of a jazz trio and the quiet mutterings of a man dining alone. All seemed normal, until I looked up and saw a humanoid robot.

I had not expected to see the future in an historic pizzeria, but there it was — dressed all in gray and moving stiffly but deliberately as it walked out of the restaurant. We had no idea where it came from or what was happening. I should have asked the man with a large camera filming the robot, but he was busy shooting, and I was busy eating a sausage and onion pie.

After watching the robot greet people on the sidewalk, I noticed a text from a friend whose book club produces a literary journal. I had recently helped judge a competition for the publication, where we had been told that one of the stories was written with AI assistance, but not which one. The message confirmed my worst fear: My pick for best story and best writing had been the AI-assisted submission.

Perhaps that’s a reason for optimism — AI can help the creative process — but I found it depressing. So much of history is a celebration of creative genius. What is AI leaving us to celebrate in the arts — robot assistance?

After dinner, we walked two blocks to another venerable Village institution, The Bitter End, a music club that has hosted Bob Dylan, Stevie Wonder, Joni Mitchell, and countless other legendary artists. We were there to see our friend Xavier Cardriche play a set. In between songs, he greeted the crowd in a variety of languages — the club draws an international crowd — and then spoke an assortment of words in different languages that left the audience, myself included, wondering what he’d said.

He explained that he’d spoken the most important words to know (“besides beer and bathroom”) when traveling: “please,” “thank you,” and “excuse me.” They go a long way, he said.

Here was the day’s second tutorial on intelligence — only this time it was real, and born of human experience. The respect conveyed in the simple words he spoke is a small but essential part of how we get along with others — and even, as a democratic society, make music together.

The next morning, as I exited a subway car and headed for the staircase, the woman ahead of me stopped short and reversed direction, almost colliding with me.

“Excuse me,” she said, apologetically.

“Sorry,” I replied, automatically.

Maybe as AI improves, we can teach chatbots and robots to insist on being treated with basic courtesies, rather than teaching people to discard them.

I’m cautiously optimistic.

BLOOMBERG OPINION

Dining In/Out (11/06/25)


Japanese beef at Okura

HOTEL OKURA MANILA at Newport World Resorts is gearing up for Saga: A Wagyu Tasting Journey. Set from Nov. 10 to 12 at Yawaragi Restaurant, the eight-hands dinner celebrates the quality of premium wagyu from Japan’s Saga Prefecture. The collaboration features four chefs: Executive Chef Minoru Takashima of Hotel Nikko Osaka, Japanese Executive Chef Keiichiro Fujino of Hotel Okura Manila, Specialty Sushi Chef Ikuma Sato of Yamazato, and Specialty Teppan Chef Katsuji Kato of Yamazato. Together, they present a tasting journey that highlights the delicate marbling, flavor, and depth that define Saga Wagyu, one of Japan’s finest beef varieties. Priced at P10,418.61 net per person, Saga: A Wagyu Tasting Journey offers limited seating for an intimate dining encounter. For reservations and inquiries, contact 0917-842-9067 or e-mail fb@hotelokuramanila.com.


Nespresso unveils holiday collection

NESPRESSO unveils the Magic in the Making collection for this year’s holiday season. This includes a limited-edition black coffee and two new flavored coffees, alongside the new Barista Mixologist Glasses and a selection of Nespresso favorites. It’s wrapped in vibrant packaging by Kenyan artist Thandiwe Muriu, whose work draws inspiration from the coffee flower. The Festive Collection Espresso for Original and Festive Collection Double Espresso for Vertuo boast an Arabica blend of African coffees from Rwanda, the Democratic Republic of Congo, and Kenya. With an aromatic symphony of cereal and fruity notes, enhanced by delicate woody and caramel undertones, this coffee can be enjoyed on its own or as a Latte Macchiato. The Sweet Almond and Hibiscus flavored coffee captures the flavor of nutty almond, followed by a floral aftertaste of hibiscus. Then there is the Cinnamon and Candied Tamarind flavored coffee with notes of cinnamon spice and the flavor of tamarind. Nespresso’s also released its Advent Calendars, specially designed for exploring new coffees and rediscovering old favorites, available for both Original and Vertuo lovers. Each features a design by Thandiwe Muriu. The brand also introduces the new Barista Mixologist Glasses and adorns its classic Festive Coffee Mug with an embossing of Muriu’s coffee flower-inspired pattern. A complimentary Vertuo mug and Festive tote bag come with every purchase of 12 Vertuo coffee sleeves or 14 Original coffee sleeves. Additionally, there are boxes of chocolate squares in milk, dark, and milk chocolate with salted caramel flavors. Nespresso’s Festive Collection is now available for a limited time online at www.nespresso.ph, via the Nespresso mobile app, and at Nespresso boutiques in Power Plant Mall, Robinsons Magnolia, One Bonifacio High Street, TriNoma, Podium, Mitsukoshi BGC, SM Mall of Asia, and Ayala Center Cebu, and at pop-up stores in Glorietta 3, Greenbelt 5, Alabang Town Center, Greenhills Mall, Shangri-La Plaza, and SM North EDSA.


Merienda at Araneta City’s World Kitchens

WORLD KITCHENS is now offering beloved merienda (afternoon snack time) favorites and a bit more with a new merienda menu. Sticky Sweet serves Mango Sticky Rice (soft, chewy rice with coconut cream and sweet mangoes) and Ube Champorado (enriched with coconut cream and cheese, and paired with gourmet tuyo). For a more leisurely meal, try the Afternoon Tea Set. It’s a three-tiered selection of savories, scones, and sweets: Bacon and Olive Financiers and Cheesy Spinach Tartines, British Scones with Chantilly cream and strawberry compote in the middle, and Carrot Cupcakes, Diamond Cookies, and Chocolate Petit Fours, best enjoyed with Janat tea or a cup of long black coffee. Meanwhile, over at Chef Jessie’s, the Special Halo-Halo is up for grabs, as well as the Pancit Palabok with Pan de Sal Filling. Prana’s Indian-inspired menu offers Afghani Murgh Tikka with Indian Masala Chai bringing together smoky, tender chicken and aromatic tea; the Vegetable Samosa and Chicken Tikka Tandoori Wrap is another choice. Dario Pizza & More serves up crowd favorites such as the Italian Sandwich with Parma ham, mozzarella, and crispy Parmesan cheese, and the Margherita Pizza (tomato, cheese, and basil). Shinshima’s Okonomiyaki, meanwhile, is a savory Japanese pancake that’s light, fluffy, and topped with bonito flakes. Discover the merienda menu at World Kitchens, Level 4, Gateway Mall 2. Learn more about World Kitchens at www.worldkitchens.com.ph.


McDonald’s launches Honey Mustard McSpicy

MCDONALD’S Philippines expands its McSpicy lineup with the launch of the Honey Mustard McSpicy, offering fans a new take on a classic. Instead of the creamy mayo in the original, this limited-time version is finished with a yellow honey mustard dressing, with spices that introduce a very mildly savory, zesty finish. The Honey Mustard McSpicy is a limited-time offering available in all McDonald’s restaurants across the country. Along with the original variant, it is available solo or as a meal with fries and a drink, via dine-in, take-out, drive-through, and delivery.


Nomikashi has first anniversary treat

NOMIKASHI, a Japanese-inspired soda brand has rolled out a buy-two-get-a-free-thermal-bag offer for its first anniversary. Their menu consists of drinks inspired by a trip to a local soda shop in Japan, including 650ml favorites like Berry Lit, Sweet Calamansi, Butter Toffee, Sakura Rose, and Watermelon. When customers buy any two 650ml drinks, they can bring home a thermal bag. This promo is only available for a limited time at Nomikashi SM Novaliches and Robinsons Metro East.


SaladStop!’s Wild Wild Chicken rides again

SALADSTOP’S Wild Wild Chicken bowl makes a comeback as a Daily Bowls by SaladStop! Exclusive. The Wild Wild Chicken bowl brings together grilled chicken, roasted vegetables, and grains, tied together with a creamy, savory sauce. Daily Bowls by SaladStop! is a premium healthy meal subscription platform. Subscribers can choose their favorite salads, wraps, and warm protein bowls — including exclusive creations like Wild Wild Chicken — for three-day or five-day deliveries straight to their doorstep. While Wild Wild Chicken’s limited in-store run ended on Oct. 20 it now lives on, but available only through saladstop.pickup.ph. Subscribers can enjoy it as their chosen Friday exclusive. Good Eats Specialists, Inc. (GESI) is the exclusive franchise holder of SaladStop! in the Philippines. Good Eats is a member of the SSI Group.

SEC warns public vs Easy Agent Operation

BW FILE PHOTO

THE Securities and Exchange Commission (SEC) has warned the public against Easy Agent Operation/EAO Walmart, which it said has been soliciting investments without registration or a license.

In an advisory issued on Wednesday, the corporate regulator said the group has been offering a fake part-time job and investment scheme disguised as a “tasking and recharging” platform.

The group entices users with promises of high income for minimal effort, claiming they can earn by completing simple online tasks. In reality, the regulator said, users are tricked into depositing money before they can withdraw any earnings and are pressured to “recharge” or invest more funds through third-party payment apps — with no actual returns.

“At first glance, it would seem that Easy Agent Operation/EAO Walmart was actually offering a legitimate part-time job on a work-from-home basis,” the SEC said. “But in reality, there is no part-time job at all.”

An investigation by the commission’s Enforcement and Investor Protection Department found that participants are required to make an initial deposit of at least P500 before they can withdraw, with a 15% withdrawal fee.

The SEC said such arrangements constitute an investment contract, which under the Securities Regulation Code must be registered with and approved by the regulator.

It added that Easy Agent Operation/EAO Walmart is not registered as a corporation or partnership and does not have a license to solicit investments.

BusinessWorld could not find public contact details of the company. — Alexandria Grace C. Magno

Montblanc introduces Digital Paper e-ink tablet

MONTBLANC

MONTBLANC has introduced its Digital Paper device, which aims to bring the physical experience of writing to the digital realm.

The Montblanc Digital Paper is an e-ink tablet that is accompanied by the Digital Pen that is modeled on the design of its Meisterstück. It is ideal for note-taking, writing, and annotating presentations, e-books and documents, the brand said.

There are no local pricing and availability details yet, but the device retails for $975, based on Montblanc’s website.

“While digital tools provide efficiency and convenience, handwriting offers a more immersive, reflective, and emotionally rich experience. It can ground us and inspire us in an increasingly fast-paced world. With the Montblanc Digital Paper, we have found a way to retain all the special qualities of writing by hand, while recognizing the need for boundless space and effortless digital collaboration,” Felix Obschonka, Montblanc director of new technologies, said in a statement.

The brand said the device brings the signature Montblanc writing experience to life as the Digital Pen is equipped with three interchangeable pen tips that each mimic a different paper texture, depending on users’ personal handwriting preference.

“Writing on the Montblanc Digital Paper’s high-resolution electronic ink display delivers a realistic feel of paper and a haptic experience that embodies the tactile feeling of handwriting with a traditional Montblanc writing instrument,” it said.

The Digital Paper also comes with smart features, including a search function with handwriting recognition and templates. Files can also be shared and received via e-mail, USB-C, or by using the companion apps connected to the Montblanc Cloud.

It comes in a lightweight aluminum metal case available in Mystery Black, Elixir Gold and Cool Grey colors, as well as a calf leather side bar debossed with the Montblanc emblem.

Optional smart leather covers are also available in seasonal colors and can be customized.

Based on the brand’s website, The Montblanc Digital Paper works via a companion app that supports both iOS 15 and Android 14 or higher. It has a 3,740mAh battery, with charging done via USB-C, and also comes with 64GB storage.

Montblanc is available at Rustan’s Makati, Rustan’s Shangri-La, Rustan’s Cebu, Greenbelt 5, and Solaire Resort Entertainment City. — BVR

Peso slides after inflation report

BW FILE PHOTO

THE PESO weakened against the dollar on Wednesday as steady October inflation supported expectations of a December rate cut by the Bangko Sentral ng Pilipinas (BSP).

The local unit closed at P58.83 per dollar, dropping by 31.5 centavos from its P58.515 finish on Tuesday, Bankers Association of the Philippines data showed.

The peso opened Wednesday’s session weaker at P58.65 against the greenback. Its intraday high was at P58.63, while its worst showing was at P58.85 versus the dollar.

Dollars traded rose to $1.44 billion from $1.33 billion on Tuesday.

“The dollar-peso closed higher as inflation data came short of expectations, supporting bets of another rate cut from the BSP come December,” a trader said in a phone interview.

Headline inflation stood at 1.7% in October, steady from the September clip but slowing from 2.3% in the same month a year ago.

This was a tad below the 1.8% median estimate in a BusinessWorld poll of 17 analysts and was within the BSP’s 1.4-2.2% forecast for the month.

October was also the eighth straight month that the consumer price index was below the central bank’s annual 2-4% target.

For the first 10 months, inflation averaged 1.7%, matching the BSP’s full-year forecast.

Last month, the central bank trimmed benchmark interest rates by 25 basis points (bps) for a fourth consecutive meeting to bring the policy rate to 4.75%. The Monetary Board has now reduced borrowing costs by a total of 175 bps since it began its easing cycle in August 2024.

BSP Governor Eli M. Remolona, Jr. has said that one more cut is possible at their Dec. 11 meeting. He also left the door open for further easing until next year to help boost domestic demand due to a softer economic outlook as a widening corruption scandal involving government infrastructure projects has affected business sentiment.

The peso was also dragged lower by a stronger dollar amid increased risk aversion in global markets, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

For Thursday, the trader sees the peso moving between P58.60 and P59 per dollar, while Mr. Ricafort sees it ranging from P58.70 to P58.95. — A.M.C. Sy

Seating arrangements

STOCK PHOTO | Image by Virender Singh from Unsplash

THE CHAIR does not merely refer to a piece of furniture. It can stand for a person heading an organization or committee. While not always the designated decision-maker, the head of a group who leads a meeting around the table or online is designated as the “chair.”

Using a piece of furniture for sitting to designate the sitter avoids the need for specifying gender or needing to change the word itself to accommodate any difference in sexual orientation. This tends to skirt (note the gender bias) the now chauvinistic term “chairman” with a male entitlement implied.

The dictionary reveals another possible meaning for the word “chairman” as one who carries a chair or pushes one with wheels for a physically challenged ward unable to walk the length of an airport terminal. This little-used definition of chairman as a menial occupation deviates from its more common reference.

A “chair” person (two words) on the other hand refers to someone with the job of collecting seats like Thai elephant chairs for tourists, ottomans around a hotel lobby, or divans for lounges.

Another usage of “chair” person can refer to the hobby of collecting seating paraphernalia, just like a “gun person” being someone who collects pistols and uses them on non-moving targets.

The commonly understood “chair” however presides over meetings. She opens a meeting by ritually asking the corporate secretary if there is a quorum. (Yes, there is a quorum, Madame Chair.)

Other uses of our furniture for resting the body (in a sitting position) can refer to how we occupy ourselves.

The video game or TV addict is referred to as a “couch potato.” The chair envelops its sitter, inert and absorbed in his addiction. Clutching the remote control to surf channels or using a mobile screen with push keys, the couch potato wallows in his solitary preoccupation.

Another chair usage involves politics, traditional or corporate. There are references to “musical chairs” in the reorganization of the cabinet (coincidentally another piece of furniture for storing files and old socks). The chair game pertains to the practice of reassigning the same people to different portfolios. In this one, the music never stops. Also as in the game, the chairs are fewer than those wishing to be seated.

This musical game applies to corporations too, although certain seats here are outside the building, maybe in the middle of traffic, or on the biking lane. Thus is a corporate casualty sometimes referred to as “roadkill” — flattened and unrecognizable. Old furniture can suffer the same fate in a warehouse.

Management styles have acquired other furniture traits.

One who is deemed too laid back is called an “armchair manager” as opposed to one who is rocking everyone’s chair. Armchair occupancy refers to those preferring to be observers comfortably seated, with only a theoretical understanding of how things work, and relying heavily on others to do the heavy lifting.

In team sports like basketball, there are “bench warmers” who are given less minutes of play than the starting five. If the rotation is deep, the bench warmers get to play a few more minutes. When the lead is insurmountable in the last seconds, the coach can “clear the bench” to allow the laggards to get their stats in.

Seats available purely for resting are seldom available in malls as a visitor at rest is considered a non-revenue customer. Seats are therefore only provided in restaurants and food courts where being stationary is necessary for dining in. Any flat surfaces which can serve as benches are declared off limits by putting potted plants on them, preferably cacti or leafy hibiscus.

Cocktail events encourage interaction and movement. Seats only make people stay in one place with a small group, restricting if not completely stopping the flow of social congress and the exchange of calling cards. Movement and noise, even when driven by alcohol, measure the success of an event. Live performers have already been removed as well at such occasions.

What about empty seats?

Chairs may refer to people and their elevated status in an investigative committee or a corporate board. Still, even such high perches can be brought back to their inanimate state when a chair is declared vacant.

As Burt Bacharach puts it in his song, “A chair is still a chair, even if there’s no one sitting there.”

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

How PSEi member stocks performed — November 5, 2025

Here’s a quick glance at how PSEi stocks fared on Wednesday, November 5, 2025.


October inflation rate steadies at 1.7%

PHILIPPINE HEADLINE inflation steadied in October as slower price increases in vegetables and meat offset higher utility costs during the month, the Philippine Statistics Authority (PSA) said on Wednesday. Read the full story.

October inflation rate steadies at 1.7%

Typhoon Tino death toll climbs to at least 66

DEBRIS from damage caused by Typhoon Kalmaegi, locally called Tino, covers the ground in Talisay, Cebu. — REUTERS/ELOISA LOPEZ

TYPHOON KALMAEGI, locally known as Tino, left at least 66 dead, 26 missing and over a million individuals affected after its onslaught caused widespread flooding and massive destruction across the Visayas, particularly in Cebu, according to the Office of Civil Defense (OCD).

Diego A. Mariano, deputy spokesperson of the OCD, confirmed that 49 of the reported deaths were in Cebu, mainly due to fallen debris, landslides, and flooding, with some incidents still under investigation.

The death toll also included six military personnel who died on Tuesday in a helicopter crash in Agusan del Sur en route to Butuan City for a humanitarian mission.

The provinces of Bohol, Capiz, and Leyte each reported one death, all caused by fallen trees.

The Negros Island Region recorded seven deaths: two were due to fallen debris and drowning, while the causes of the remaining five are still under investigation.

Mr. Mariano also said a total of 26 individuals were missing, with 13 in Cebu and another 13 in La Castellana, Negros Occidental.

There were also ten reported injuries caused by fallen debris and floodwaters, while the causes of the others have yet to be determined.

The typhoon was last located 330 kilometers east northeast of Pag-asa Island in Kalayaan Islands, where a Wind Signal No. 2 is currently hoisted, the state weather bureau said in its 5 p.m. bulletin. 

It was packing 140 kilometers per hour (kph) of sustained winds, gustiness of up to 170 kph and was moving west northwestward at 30 kph.

The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) also placed Occidental Mindoro including Lubang Islands and the rest of Palawan including Calamian and Cuyo Islands under Wind Signal No. 1.

“On the forecast track, Tino will continue moving west northwestward over the West Philippine Sea and exit the Philippine Area of Responsibility tonight or tomorrow (Nov. 6) early morning,” PAGASA said.

Tino is forecast to re-intensify in the next 12 hours and may reach its peak intensity while over the West Philippine Sea.”

Typhoon Kalmaegi affected more than 1.1 million individuals, or more than 318,000 families, the National Disaster Risk Reduction and Management Council (NDRRMC) said in its 12 p.m. situational report.

Most of the affected families were from Western Visayas (489,000), Caraga Region (320,573), Eastern Visayas (171,20), and central Visayas (104,619).

Around 1.4 million households, mostly in parts of the Visayas, also experienced power interruption, according to government estimates.

In a virtual press briefing on Wednesday, Energy Undersecretary Felix William B. Fuentebella said that a total of 1.4 million consumer connections were affected due to down facilities affected by the onslaught of the typhoon.

“There’s a tendency for the calamities to compound. We are still recovering from the previous typhoons and the earthquake, and now we have this Typhoon Tino, and there’s another coming this Sunday,” Mr. Fuentebella said.

“But nevertheless, it should not stop our agencies, our members from the energy family to be prepared and to have strategies to immediately restore,” he added.

Eric Campoto, officer-in-charge for Disaster Risk Reduction Management Department at the National Electrification Administration (NEA), said that there are 1.3 million consumer connections still up for restoration in areas served by electric cooperatives.

NEA’s situational report as of 10 a.m. showed that there are 27 electric cooperatives (ECs) that experienced partial power outages and three that experienced total power interruptions.

“With regards with the restoration of affected ECs, we are trying our best to restore all the affected ECs within the end of the week,” Mr. Campoto said.

Meanwhile, state-run National Power Corp. reported that about 110,000 households were affected after 57 small power utilities group (SPUG) plants were disrupted.

Mr. Fuentebella has estimated that the affected households translate to seven million power consumers.

“I understand it’s about seven million people that are affected, but this is also a huge task. Still, we want to assure you that we are working hard. Even late at night, our teams are still on the job so that we can restore power,” Energy Secretary Sharon S. Garin said.

On Tuesday, the Energy Regulatory Commission (ERC) ordered the temporary suspension of the operations of the Wholesale Electricity Spot Market in the Visayas grid, the trading floor of electricity, due to “overgeneration.”

The suspension took effect on Nov. 4 at 8 a.m. and will be lifted until approval of the ERC.

During the period of market suspension, the standard fixed price is used for all electricity transactions, or the price cap, if applicable.

“During the period of market suspension, the ERC said that the administrative price, or the price imposed by the market operator to the trading participants during market suspension or market intervention, will be applied.”

Meanwhile, Philippine President Ferdinand R. Marcos, Jr. will visit the southern province of Cebu after deadly flash floods triggered by Typhoon Kalmaegi, Palace Press Officer Clarissa A. Castro said.

She did not specify when the President will visit the province.

She added that initial data from the Department of Public Works and Highways (DPWH) show that 343 flood control projects were completed in Cebu between 2016 and 2022, with two of them terminated.

Another 168 projects were implemented between 2023 and 2025, including 55 still ongoing.

The province is suffering from the harsh impact of Kalmaegi, which entered the Philippine Area of Responsibility last Sunday.

The Philippines, a country located in the Pacific Ring of Fire, is battered by about 20 typhoons annually. — Edg Adrian A. Eva, Sheldeen Joy Talavera and Chloe Mari A. Hufana