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As champagne flows, champions Los Angeles Dodgers anointed 2026 World Series favorites

JUST as the Los Angeles Dodgers finished turning a game-ending double play to win the World Series, folks were already talking about a three-peat.

The Dodgers didn’t get a lot of time to celebrate before being installed as favorites to win the 2026 World Series after outlasting the Blue Jays in a highly entertaining seven-game World Series. Los Angeles won the finale, 5-4 in 11 innings on Saturday night in Toronto.

Los Angeles defeated the New York Yankees in the 2024 World Series and oddsmakers favor a rematch in the 2026 Fall Classic.

FanDuel and BetMGM each have the Dodgers at +350 to win the 2026 World Series. The Yankees are second at both sportsbooks — +700 at FanDuel and +750 at BetMGM.

Los Angeles figures to have a solid chance at becoming the first team since the Yankees (1998-2000) to win three straight World Series crowns.

National League MVP candidate Shohei Ohtani is in the prime of his career as a hitter and will get more work as a starting pitcher since he won’t be coming off a major arm injury. Players like Mookie Betts, Freddie Freeman and Will Smith (game-winning homer in Game 7) will again be main cogs and World Series MVP Yoshinobu Yamamoto, Blake Snell and Tyler Glasnow will join Ohtani in a strong rotation.

The Yankees will again be led by American League (AL) MVP Aaron Judge and the lineup figures to include Giancarlo Stanton and Jazz Chisholm. Gerrit Cole is expected to return from a major arm injury in May to join a rotation that includes Max Fried and Carlos Rodon.

FanDuel rates the Philadelphia Phillies (+1000) and New York Mets (+1100) as National League teams who could dethrone the Dodgers. BetMGM has the Phillies at +1100 and the Mets at +1400.

In the AL, FanDuel rates the Seattle Mariners (+1200) and Houston Astros (+1300) as strong candidates to reach the World Series. Seattle might need AL MVP candidate Cal Raleigh to have another historic season to make that happen. BetMGM has both teams at +1300.

Looking for a team getting little respect? How about the Blue Jays, who took a lead into the ninth inning of Game 7 before ultimately losing. Toronto is just +2000 by both entities.

Some of that might be due to the possibility that star shortstop Bo Bichette could leave as a free agent. But Vladimir Guerrero, Jr. isn’t going anywhere and George Springer is one of the top clutch hitters in postseason history.

Also worth noting, Toronto was lightly respected entering the 2025 season. BetMGM listed the Blue Jays at +6600.

The Colorado Rockies, Chicago White Sox and Washington Nationals have the longest odds at +50000. — Reuters

Josh Allen sets touchdown mark as Buffalo Bills top KC Chiefs

JOSH ALLEN rushed for two touchdowns (TDs) and passed for another, and the defense generated three sacks to lift the Buffalo Bills to a 28-21 win against the visiting Kansas City (KC) Chiefs on Sunday in Orchard Park, New York.

Buffalo (6-2) withstood a fourth-quarter rally from reigning AFC champion Kansas City (5-4), which fell out of a playoff spot with the defeat. The Chiefs got the ball back in the closing seconds after Matt Prater’s 52-yard field goal attempt hit the right upright. They advanced to the Bills’ 40 but were unable to score.

Allen was 23 of 26 through the air for a career-best 88.5% completion percentage and 273 yards. He added 19 yards on six carries. James Cook gained 114 yards on 27 carries and Dalton Kincaid had six catches for 101 yards and a score.

Allen’s one-yard touchdown run put the Bills ahead 28-13 with 1:34 remaining in the third quarter. But Kansas City responded with a TD on its ensuing possession, covering 66 yards in 11 plays. — Reuters

Powerful 6.3 quake kills at least 10 in Afghanistan, scores injured

US Office of the Chairman of the Joint Chiefs of Staff/Flickr

KABUL — A 6.3-magnitude earthquake struck near the northern Afghan city of Mazar-e-Sharif early on Monday, killing at least 10 people and injuring about 260, authorities said, with the death toll likely to rise.

The US Geological Survey (USGS) said the quake hit at a depth of 28 km (17.4 miles) near Mazar-e-Sharif, which has a population of about 523,000.

“A total of 150 people injured and seven martyred have been reported and transferred to health centers as of this morning,” said Samim Joyanda, the spokesperson for the health department in Samangan, a mountainous northern province near Mazar-e-Sharif told Reuters.

The toll was based on hospital reports collected as of Monday morning, he said.

The Afghan Taliban defense ministry said parts of Balkh and Samangan provinces were the most affected, resulting in fatalities among a number of citizens.

Military Rescue and emergency assistance teams reached the area immediately and began operations to rescue people, transport the injured, and assist affected families, it said in a statement.

Health ministry spokesperson Sharafat Zaman said rescue teams were active and the numbers of dead and injured might rise.

“Health teams have arrived in the area, and all nearby hospitals have been put on standby,” Mr. Zaman said in a statement.

The USGS issued an orange alert in its PAGER system, which is an automated system that produces information on the impact of earthquakes, and indicated that “significant casualties are likely and the disaster is potentially widespread.”

ACTIVE FAULTS
Afghanistan is particularly vulnerable to quakes as it lies on two active faults that have the potential to rupture and cause extensive damage.

More than 2,200 people were killed and thousands more injured after a quake and strong aftershocks in the southeast of the war-shattered Islamic country at the end of August.

Past events with this alert level have required a regional or national level response, the system’s alert added.

The earthquake destroyed part of the holy shrine of Mazar-e-Sharif, Balkh province spokesperson Haji Zaid said, referring to the Blue Mosque.

Videos of rescue efforts being carried out to save people trapped under rubble and images of fallen debris in buildings were shared on the social media platform X. One video showed rescuers pulling what appeared to be dead bodies from rubble.

Reuters could not immediately verify the footage and the images. — Reuters

China warns of growing foreign espionage in seed, grain sector

REUTERS

BEIJING — China’s Ministry of State Security (MSS) on Monday warned that foreign intelligence agencies are stepping up efforts to “illegally obtain” genetic data and seed resources from the country’s grain sector, calling the activity a threat to national food security.

“In recent years, foreign intelligence agencies have intensified their infiltration into China’s grain sector, illegally obtaining genetic data from crops such as soybeans, corn, and rice, posing a serious threat to the country’s food security,” the ministry said in a statement published on its official WeChat account.

“Beijing has long considered its food security to be a national security issue — similar to the way in which energy security has long been framed through a national security lens in Washington,” said Even Rogers Pay, a director at Beijing-based Trivium China. “Posts like these from MSS are aimed to create suspicion in the public and encourage them to view foreign interest in ag and food with a skeptical eye.”

The ministry cited a case in which a Chinese businessperson, surnamed Zhu, sold restricted “parental seeds” — first-generation seeds used in hybridization experiments that are not allowed to be exported — to a foreign entity under a “joint seed cooperation” scheme. The ministry said Zhu hid the seeds in containers that were declared for other exports.

Zhu was sentenced to a year and a half in prison, while 17 others involved received administrative penalties.

In another incident, foreign consular staff and experts from “a certain country” reportedly conducted unauthorized field surveys in a major agricultural province, collecting data on crop yields and reserves.

They allegedly used counter-surveillance tactics, such as switching vehicles frequently and traveling on rural backroads to avoid detection. The ministry said it took action in both cases and urged the public to report any suspicious activity through official hotlines or online channels. — Reuters

US working overtime to speed up delayed F-16V deliveries, Taiwan says

BW FILE PHOTO

TAIPEI — The United States is working overtime to speed up the production of delayed F-16V fighter jets to Taiwan, while advanced US-made glide bombs have also been delayed due to supply-chain issues, the island’s defense ministry said on Monday.

Taiwan, which faces a rising military threat from Beijing, has complained of repeated delays to weapons ordered from the United States, the Chinese-claimed island’s most important international backer and arms supplier.

In a report to lawmakers, Taiwan’s defense ministry said the delivery of all 66 F-16V fighters, initially expected to arrive by the end of 2026, had been pushed back due to production line relocations and disruptions.

To speed up production, contractors are working two shifts lasting 20 hours a day, the ministry said, adding Taiwan would monitor progress to ensure contractual obligations are met.

Speaking in parliament, Defense Minister Wellington Koo said the US and Taiwan were working on the delays and that 50 of the Lockheed Martin aircraft were already on the production line. Of these, 10 are expected to undergo flight tests this year and be delivered in 2026, he added.

“I think that we all hope the greatest amount of effort can be exerted to speed up the deliveries,” he said.

The ministry also said the delivery of 24 MK-48 torpedoes and four dummy torpedoes, purchased for T$5.46 billion ($178.47 million) and initially expected by 2026, had been postponed to between 2026 and 2028, also due to production line disruptions.

Lockheed, which makes the torpedoes too, did not immediately respond to a request for comment, and neither did the Pentagon.

GLIDE BOMBS DELAYED, HIMARS EARLY
The ministry reported delays in the delivery of another weapons system, Raytheon’s AGM-154C Joint Standoff glide bombs, which cost T$135.97 billion.

They were initially meant to be delivered by the end of 2026, but are now expected to be delivered from 2027-2028 due to supply-chain problems, it added.

Raytheon did not immediately respond to a request for comment.

However, the ministry said that deliveries of the 29 precision rocket systems, High Mobility Artillery Rocket Systems, or HIMARS, also made by Lockheed, were ahead of schedule.

The remaining 18 systems still to be delivered are expected to reach Taiwan in the fourth quarter of 2026, versus initial expectations of a 2027 arrival.

In May this year, Taiwan test fired for the first time its new HIMARS rocket system, which has been widely used by Ukraine against Russia and could be deployed to hit targets in China if there is a war with Taiwan. ($1 = 30.5930 Taiwan dollars). — Reuters

Russia says Prime Minister Mishustin’s visit to China ‘very important’

A RUSSIAN FLAG flies with the Spasskaya Tower of the Kremlin in the background in Moscow, Russia, Feb. 27, 2019. — REUTERS

RUSSIAN PRIME MINISTER Mikhail Mishustin on Monday departed for a two-day visit to China, with planned talks with President Xi Jinping and Premier Li Qiang expected to center on economic and technological cooperation despite pressure from the West.

Mr. Mishustin is scheduled for a regular heads-of-government meeting with Mr. Li in the city of Hangzhou on Monday and will travel to Beijing on Tuesday for talks with Mr. Xi, TASS agency reported, citing the Russian government’s press service.

The last heads-of-government meeting between China and Russia took place in Moscow in August 2024, where Mr. Li praised the “new vigor” and “vitality” in bilateral ties.

The Kremlin attached “very great” importance to Mr. Mishustin’s visit to China, spokesman Dmitry Peskov said on Friday, while declining to say whether President Vladimir Putin would send a message to Mr. Xi via the Russian prime minister, Interfax agency reported.

Mr. Putin and Mr. Xi signed a “no limits” partnership in February 2022, just before Russia’s invasion of Ukraine. Since then, Moscow has turned to Beijing to mitigate the impact of Western sanctions, highlighting record bilateral trade, increased settlements in yuan and deepening energy cooperation.

US-China friction over trade and technology under US President Donald J. Trump, which strained relations between Washington and Beijing, has also encouraged both Moscow and Beijing to strengthen cross-border commerce to counter Western pressure.

However, China-Russia trade has been declining in recent months, which the Russian Industry and Trade Minister Anton Alikhanov attributed to “external” economic pressure and “market saturation” of Chinese products in Russia.

China’s September yuan-denominated exports to Russia posted their biggest drop in seven months — down a staggering 21% year on year, according to Chinese customs data.

But China’s imports from Russia swung back to growth in September with a 3.8% rise compared with a 17.8% contraction a month earlier.

Mr. Mishustin’s talks in China were expected to focus on trade and economic ties, transport and industrial cooperation, enhanced energy partnerships and expanded collaboration in advanced technology and agriculture, TASS reported.

Moscow views industrial and technological cooperation with Beijing as a more sustainable format for long-term cooperation, being less dependent on market conditions, according to Russian state media.

On Sunday, Russia’s Deputy Prime Minister Dmitry Chernyshenko and China’s Vice Premier He Lifeng chaired a commission meeting in Ningbo that flagged growth in copper and nickel exports and wider farm-goods access, the Russian government said on its Telegram channel. — Reuters

China confirms first visit by a Spanish monarch in 18 years

STOCK PHOTO | Image by Dominick Vietor from Pixabay

BEIJING — The Chinese foreign ministry said on Monday Felipe VI, the king of Spain, will pay a state visit to China from November 10 to November 13, the first by a Spanish monarch in 18 years, as Madrid seeks to bolster Chinese investment and boost trade ties.

China is willing to join hands with Spain to seize the opportunity presented by the king’s visit to expand mutual cooperation and enhance the two countries’ strategic partnership, Mao Ning, spokesperson at the Chinese foreign ministry, said at a regular news briefing.

Spain has actively wooed China economically despite US warnings about moving closer to the world’s second-biggest economy.

Prime Minister Pedro Sanchez has visited China three times in as many years, most recently in the spring of this year. During a visit in September 2024, Sanchez announced a reversal of Spain’s position in support of the EU applying tariffs to Chinese electric vehicles.

Several Chinese investments in Spain have also been confirmed, including factories for battery maker CATL and renewable energy group Envision.

The European Union, on the whole, remains cautious over economic engagement with China, concerned about trade imbalances, Beijing’s relationship with Russia, and its dominance of the global supply of critical minerals.

Beijing’s approach to EU member states – ostensibly showing favor to Beijing-friendly nations such as Spain – has also made it harder for the bloc to form a unified approach to dealing with China.

Earlier this year, US Treasury Secretary Scott Bessent criticized Spanish Economy Minister Carlos Cuerpo’s suggestion that Europe should align more closely with China.

“That would be cutting your own throat,” Mr. Bessent said, adding China would produce too many goods and dump them elsewhere.

However, since Mr. Xi met US President Donald Trump in South Korea last week, and agreed a one-year deal to partially roll back trade and technology controls, tensions between Beijing and Washington have eased for now after a volatile year. — Reuters

Thailand and Cambodia begin withdrawing heavy weapons from border, Thailand says

STOCK PHOTO | Images by Aranjuezmedina from Freepik

BANGKOK — Thailand and Cambodia have begun withdrawing heavy weapons and conducting de-mining operations along their contested border as part of steps to de-escalate tensions following last week’s signing of an extended truce, Thai officials said on Monday.

The leaders of Thailand and Cambodia signed an enhanced ceasefire deal last week in Kuala Lumpur in the presence of US President Donald Trump, three months after border tensions between the two countries exploded into a deadly five-day conflict.

Government spokesman Siripong Angkasakulkiat said Thailand would not release 18 Cambodian soldiers it has held since the conflict or re-open border checkpoints until it assessed Cambodia was adhering to the agreement.

Rear Admiral Surasant Kongsiri, a Thai defense ministry spokesman, told a press conference that de-mining operations along the border have started, with Thailand proposing the removal of land mines in 13 areas and Cambodia in one.

On Friday, the two countries said in a joint statement that they had agreed to withdraw heavy weapons from the border in three phases, starting with rocket systems, followed by artillery and then tanks and other armored vehicles.

On Saturday, the Cambodian defense ministry said the first phase of the withdrawal was scheduled to take three weeks from November 1.

“We expect the withdrawal of heavy weapons to be concluded by the end of the year,” Mr. Surasant said on Monday.

The two countries have also stepped up joint efforts to combat transnational cybercrime and were working on an urgent joint demarcation effort at disputed border areas, he said.

The five-day war in July killed at least 48 people and temporarily displaced hundreds of thousands on both sides in what was the worst fighting between the two countries in decades. An initial ceasefire brokered in Malaysia with US involvement was signed on July 28. — Reuters

SCI brings International Fashion and Arts Weekend to Cebu’s grandest wedding expo

Sealing a partnership built on a shared vision of bringing world-class wedding experiences to the Visayas, Jpark Island Resort & Waterpark Mactan, Cebu, represented by its VP for Operations and General Manager Brian Connelly; and Spotlight Couronne Internationale, Inc. (SCI), represented by its CEO and Co-Founder Limuel Hayag Vilela, signed a Memorandum of Understanding.

For the first time in the “Queen City of the South,” a “Fashion & Arts Weekend” will be a major part of a wedding expo. Like a blessed union, Spotlight Couronne Internationale (SCI), a premier fashion and retail company based in Calgary, Canada, partners with Jpark Island Resort & Waterpark in Mactan, Cebu, for “The Brides at Triton Wedding Expo 2026.”

As Cebu’s grandest wedding expo celebrates its fifth wonderful year, set to take place at Jpark’s iconic Triton Grand Ballroom on March 21 and 22, 2026, the event will be made more exciting by the International Fashion and Arts Weekend (IFAW), a global platform under SCI, which is a distinguished fashion and retail organization founded by CEO and President Limuel Hayag Vilela and COO and Creative Director Alvin Masangkay Francia.

On Oct. 24, 2025, the two organizations signed a Memorandum of Understanding (MoU) at Jpark Island Resort, sealing a dynamic collaboration built on a shared vision of bringing world-class wedding experiences to the vibrant Visayas.

Fashion and Arts Meet Purpose

Jpark Island Resort & Waterpark Mactan, Cebu, and Spotlight Couronne International, Inc. (SCI) signed a Memorandum of Understanding on Oct. 24, 2025, for “The Brides at Triton Wedding Expo 2026,” happening on March 21-22, 2026. Present during the signing were (from left) JPark Senior Sales Manager Jehd Ombos, Jpark VP for Operations and General Manager Brian Connelly, SCI CEO and Co-Founder Limuel Hayag Vilela, and SCI PR and Media Head Ryan Ros Calmante.

“IFAW unites fashion, culture and the arts on a global stage. Through our curated fashion shows, art exhibitions, industry expos, and personality development programs, IFAW continues to advance creativity, inclusivity, and cross-cultural collaboration among emerging and established talents worldwide,” explained Francia and Vilela.

One of the flagship programs of IFAW under SCI’s brand portfolio is the Bootcamp the exclusive and world-class personality development training programs designed for kids and teens, reflecting the very essence of what SCI and IFAW stand for: promoting inclusivity in the fashion industry.

 During the expo, aspiring talents from Cebu and neighboring regions will have the opportunity to participate in these initiatives.

Promise in Paradise

With “Promise in Paradise” as its theme, “The Brides at Triton Wedding Expo 2026” will host an extraordinary lineup of reputable and reliable wedding suppliers, a blend of international fashion and creativity that SCI expertly brings, and the hotel’s heartwarming embrace and impressive service.

“The collaboration aims to bring ‘The Brides at Triton Wedding Expo 2026’ into an international landscape, combining Jpark’s reputation as a premier destination resort in the Philippines along with SCI’s creative expertise in bridal fashion and event production. Together, we promise an immersive showcase that will inspire couples to dream bigger and plan their celebrations with confidence and style,” said Brian Connelly, VP for operations and general manager of Jpark.

Key members of Jpark and SCI witnessed the MoU signing between Connelly and Vilela, along with industry stakeholders, event sponsors and media partners.

“Attendees can expect that the upcoming expo will feature a series of fashion shows, curated exhibits and art gallery, a bootcamp and more pocket events that will provide a blissful platform where real stories of love, creativity, and commitment take center stage,” said Vilela.

“This event signifies more than just a collaboration, it symbolizes a unified effort to elevate even more the wedding scene in Cebu and set new standards for future bridal expos,” expressed Connelly. “This team-up with SCI brings together the elegance of fashion and the luxury of destination experience, elements that reflect what modern couples look for today.”

“At SCI and with this Fashion Weekend, we want to emphasize our commitment to artistry, innovation, and helping not just brides and grooms, but every person seeking to celebrate any form of milestones, and create unforgettable memories in one of the most scenic settings in the country,” said Vilela.

More exciting details about “The Brides at Triton Wedding Expo 2026” such as schedules, participating brands, and exclusive offers will be announced in the coming months.

For more information about Spotlight Couronne Internationale, Inc. (SCI) via info@scimodels.ca and http://www.scimodels.ca/.

Jpark Island Resort & Waterpark Mactan, Cebu is located at M.L. Quezon National Highway, Barangay Maribago, Lapu-Lapu City, Cebu, Philippines 6015. You may contact us at (032) 494-5000/5555 or email directly at pr@jparkislandresort.com. You may also visit our website: www.jparkislandresort.com.

 


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Filipinos take the wheel in VinFast’s bold EV design contest

Breaking from the one-way norms of car design, VinFast’s nationwide voting contest invites Filipinos to help shape the country’s next electric vehicle, turning customers into collaborators in a people-powered vision for the future.

For once, it’s not the engineers or the executives calling the shots. It’s you.

Through its nationwide car design voting competition “PiliPinas — Your Vote, Your Design for the Future Filipino Drive,” VinFast, the fast-growing global electric vehicle maker from Vietnam, is handing the creative steering wheel to the Filipino public to help select the “National VinFast EV.” Every citizen now has a voice in shaping what could become the country’s first truly Filipino-inspired electric vehicle.

In the traditional world of car manufacturing, design is usually a one-way street. Companies decide what to build, and customers simply choose from what is available. Guided by its customer-centric philosophy, however, VinFast is inviting Filipinos to take part in genuine co-creation by either voting or submitting their own car designs. It is a new kind of collaboration where cars are built not only for the people but also with the people.

Taking part in the competition is simple. Participants can visit www.vinfastpili-pinas.com to explore the design gallery, which features fifty brand-new concepts from VinFast’s electric vehicle lineup: the VF 5, VF 6, VF 7, VF 8, and VF 9. Each design includes both interior and exterior renderings that highlight futuristic styling and thoughtful craftsmanship. After viewing the entries, participants can cast their votes online and predict how many votes the winning concept will receive.

For those who prefer a more traditional approach, paper ballots may be sent through the Philippine Post Office or dropped off at official collection points nationwide, including VinFast showrooms, service centers, shopping centers, and coffee shops. This hybrid approach ensures that everyone, regardless of location, can easily take part in shaping the design of the future Filipino drive.

Creativity becomes even more exciting when rewards are at stake. VinFast is offering over five million pesos in prizes, making it one of the country’s most generous public voting events. Three Grand Prizes of 150,000 pesos each will go to participants who correctly predict the top-ranked designs across all models and estimate total votes most accurately. Main Prizes, ranging from 40,000 to 80,000 pesos, will be given to winners who identify the most popular design in each vehicle line.

To keep things fun, Raffle Prizes worth 10,000 pesos each will be randomly drawn from all eligible voters, ensuring everyone has a chance to win. Finally, VinFast will randomly award Special Prizes of 15,000 pesos each to participants who submit their own creative design proposals, which could even inspire future VinFast models.

Altogether, there are 318 prizes waiting to be claimed. Whether you are making a careful prediction, expressing your artistic side, or simply casting a vote for the design that speaks to you, there is a genuine sense that everyone has a chance to be rewarded.

Beyond the Contest

Beyond the excitement of the prizes, the campaign represents something larger. It signals a genuine shift in how a global company interacts with its community. For the very first time in the Philippines, VinFast is opening its design process to public insight, creating a bridge between brand and citizen. The final outcome will not only be a new car but also a shared expression of creativity, pride, and identity. That car will truly belong to the drivers, the commuters, and the dreamers who live the experience of mobility every day.

This is what true customer-centricity means. Instead of trying to guess what people want, VinFast is listening directly to the voices that matter most. It is transforming customers into collaborators and turning every vote into a contribution to the nation’s electric future.

The contest also reflects a broader vision for the Philippines. VinFast’s regional strategy, called “For a Green Future,” aims to advance sustainable, intelligent transportation throughout Southeast Asia. By involving Filipinos so deeply in the creative process, the company is ensuring that the country is not only part of this green transition but also a source of inspiration for it.

Now is the time to take part. Visit www.vinfastpili-pinas.com, explore the fifty concepts, choose your favorites, and cast your vote before Nov. 7. You might walk away with a prize, but the real reward is seeing your voice reflected in the design of a national electric vehicle.

 


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Tino intensifies into typhoon, likely to hit Eastern Visayas Monday evening

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Tropical Cyclone Kalmaegi, locally known as Tino, has intensified into a typhoon as it further approaches Eastern Visayas, where Tropical Cyclone Wind Signal No. 3 was also being hoisted, according to the state weather bureau.

Kalmaegi packing with sustained winds of 120 kilometers per hour (kph) and gustiness of 150 kph, was located 285 km East Southeast of Guiuan, Eastern Samar, the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) said in its 11:00 a.m. advisory.

The typhoon is moving southwestward at a speed of 25 kph and is likely to make its first landfall over areas of the southern portion of Eastern Samar, Leyte, Southern Leyte, or Dinagat Islands by Monday evening or Tuesday, PAGASA said.

“We expect that Tino will bring dangers or hazards such as heavy rainfall and strong winds that could cause flooding, landslides, and storm surges in areas directly affected by Tropical Storm Tino,” Nathaniel T. Servando, PAGASA’s Administrator, said during a press conference.

In anticipation of the effects of Kalmaegi, as of 11:00 a.m., PAGASA has raised Signal No. 3 in several areas where storm-force winds are expected, including the southern portion of Eastern Samar, the southern portion of Samar, the central and southern portions of Leyte, Southern Leyte, the Camotes Islands, the eastern portion of Bohol, Dinagat Islands, and the northern portion of Surigao del Norte, including Siargao and Bucas Grande Islands.

Signal No. 2, where gale-force winds are expected, is in effect over the southern portion of Masbate, the central portion of Eastern Samar, the central portion of Samar, the rest of Leyte, Biliran, the rest of Bohol, the rest of Cebu, the northern and central portions of Negros Oriental, the northern and central portions of Negros Occidental, and Guimaras.

It is likewise in effect over the eastern portion of Capiz, the northern and eastern portions of Iloilo, the rest of Surigao del Norte, the northern portion of Surigao del Sur, the northeastern portion of Agusan del Norte, and the northern portion of Camiguin.

Meanwhile, areas under Signal No. 1, where strong winds are expected, include Albay, Sorsogon, the rest of Masbate, including Ticao and Burias Islands, the southern portions of Quezon and Marinduque, Romblon, and the central and southern portions of Oriental and Occidental Mindoro.

The signal is also in effect over the northern portion of Palawan, including the Calamian, Cuyo, and Cagayancillo Islands, Northern Samar, the rest of Eastern Samar and Samar, Siquijor, the rest of Negros Oriental and Negros Occidental, the rest of Iloilo, the rest of Capiz, Aklan, Antique, including the Caluya Islands.

The state weather bureau also issued a storm surge warning for more than a dozen areas, noting that some may experience a high risk of life-threatening waves within the next 48 hours.

Storm surges with heights exceeding three meters are expected in several coastal areas of Dinagat Islands, Eastern Samar, Leyte, Western Samar, and Surigao del Norte.

Meanwhile, storm surges reaching 2.1 to 3.0 meters may occur along the coasts of Eastern Samar, Northern Samar, Southern Leyte, and Surigao del Norte, while surges of 1.0 to 2.0 meters are expected in coastal areas of Agusan del Norte, Aklan, Antique, Biliran, Bohol, and Camiguin.

PAGASA advised residents in affected coastal areas to stay away from the coast or beach and move to higher ground. It also recommended avoiding all marine activities amid the typhoon. — Edg Adrian A. Eva

Philippines seeks fix for world’s worst-performing stock market

An electronic ticker at the Philippine Stock Exchange in Taguig, the Philippines. Photographer: VEEJAY VILLAFRANCA/BLOOMBERG

It’s the textbook investment strategy — save consistently and let time and compound interest do its work. That’s what Carl Edison Balagtas did in 2016 when he started socking half of his monthly salary into the Philippines stock market in hopes of securing his future.

Ten years on, that strategy didn’t just fall short — it turned out to be one of the worst investment decisions the Manila-based lawyer could’ve made. “I was hoping the stock market would be the vehicle to achieve my goal but it did not turn out that way.”

Mr. Balagtas’s experience reflects a deeper malaise in the Philippine equities market, which has persistently lagged behind regional and global peers. Over the past decade, the benchmark Philippine Stock Exchange Index has tumbled 20%, making it the worst performer among global benchmarks tracked by Bloomberg. By contrast, a gauge of Asia Pacific stocks have jumped 72% while neighboring Indonesia’s Jakarta Composite Index has surged 82%.

The PSEi tumbled as much as 2.8% on Monday, extending the year’s decline to over 11%, the weakest showing in Asia. Structural challenges like limited market diversity, sluggish turnover and a dearth of new listings continue to weigh on sentiment, while a major government scandal has further eroded investor confidence. While regulators have pledged reforms to improve liquidity and boost participation, analysts say more aggressive action is needed.

“The risk is the Philippines might become so marginal, people will stop looking at us,” said Eduardo Francisco, president of investment bank BDO Capital & Investment Corp. “Companies are making money, they are meeting their targets, but the demand is not there.”

The stakes couldn’t be higher ahead of Maynilad Water Services Inc.’s listing this week, which would mark the country’s largest IPO since Monde Nissin Corp.’s debut in 2021. The IPO raised $527 million after the company exercised an option to increase the deal size, according to terms of the deal seen by Bloomberg News.

As the country’s $226 billion stock market struggles, Maynilad’s performance could serve as a key litmus test of investor appetite. A successful listing would spur much-needed excitement into an economy grappling with currency pressures and trade restraints.

STRUCTURAL CHALLENGES
Underlying the persistent weakness is a lack of diversity in the market. The MSCI Philippines Index has only 11 members, with over two thirds of the gauge concentrated in financials and industrials. That compares to neighboring markets like Malaysia, Indonesia and Thailand, which have more balanced compositions and include bigger representation from consumer, technology and health-care sectors.

The challenges run beyond a lack of diversity. The country has only listed a fraction of the companies than its regional peers. Over the past five years, newly listed firms have seen their shares drop by about one-third on a weighted average basis, according to data compiled by Bloomberg, compared to a nearly 50% increase across Southeast Asia.

“There are a lot of corporates who are on the lookout to do IPOs — but the timing has to be right especially for the sizable ones,” said Pamela Victoriano, senior vice president of investment banking at Unicapital Inc.

Casino operator Hann Holdings Inc. postponed its up to 11.8 billion pesos IPO originally scheduled for September due to market conditions, while fintech giant GCash has delayed its Manila listing to the second half of 2026. Only one firm — fuel trader Top Line Business Development Corp — has braved going public this year.

For Isidro Consunji, chairman of DMCI Holdings Inc. and Semirara Mining & Power Corp, the market’s poor response to strong financial performance has been a source of frustration. Despite Semirara’s net income jumping more than 80% over the past decade, shares have slid. DMCI’s profits rose nearly 50% in the same period, but shares have fallen more than 9%.

“Foreign investors don’t pay attention to the Philippine stock market,” Mr. Consunji told Bloomberg. “The Philippine economy is weak, we can’t do anything about it.”

Securities and Exchange Commission Chair Francis Lim readily accepts that structural and integrity issues are plaguing the stock market. To address this, his agency is pushing for state-owned firms to go public and is rolling out new guidelines aimed at attracting foreign investors.

Those prospects coupled with continued rate cuts by the central bank and humming economic growth prospects could spur some upside, analysts say.

The Philippine Stock Exchange is also hoping to educate more retail investors and ease listing requirements and various disclosures to revive interest. “What is the most important ingredient in the stock market? Confidence. But there is none,” according to Bourse Chief Executive Officer Ramon Monzon.

For now, the Philippines is stuck in a rut, offering bargain prices to domestic and foreign investors alike. That’s forcing investors like Balagtas to look elsewhere when thinking about his future. “What I realized is when you see gains, sell it. It’s unlike the US which continues to go up. What can I say, I am so disappointed.” — Bloomberg

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