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Ex-Philippines president Duterte appeals ICC jurisdiction ruling, demands release 

FORMER PRESIDENT RODRIGO R. DUTERTE — INTERNATIONAL CRIMINAL COURT / COUR PÉNALE INTERNATIONALE

THE HAGUE — Rodrigo Duterte, the former president of the Philippines, has appealed last week’s decision by the International Criminal Court to continue its case against him and is seeking his release, court documents showed on Wednesday. 

Last week, ICC judges ruled that the court had jurisdiction over Mr. Duterte’s case despite his team’s contention that the court did not open a full-fledged investigation into alleged crimes in the Philippines until after the country had withdrawn from the ICC in 2019. 

Mr. Duterte, president from 2016 to 2022, was arrested and taken to The Hague in March on an arrest warrant that linked him to murders committed during his war on drugs in the Philippines. During that campaign, thousands of alleged narcotics peddlers and users were killed. Mr. Duterte and his lawyers maintain his arrest was unlawful. 

In their notice of appeal, Mr. Duterte’s lawyers asked the court to reverse a lower panel’s decision to continue the case and find there is no legal basis for it. They also want the court to order Mr. Duterte’s immediate and unconditional release. The defense team has also filed another motion to stop the Mr. Duterte case because they said the 80-year-old is unfit to stand trial due to a cognitive decline. A decision on how Mr. Duterte’s health will affect the proceedings is not expected until mid-November. — Reuters

Trump says Gaza ceasefire holds, Israel has right to hit back if attacked

A view shows houses and buildings destroyed by Israeli strikes in Gaza City, Oct. 10, 2023. — REUTERS

ABOARD AIR FORCE ONE/JERUSALEM — US President Donald J. Trump said on Wednesday that a US-backed ceasefire in Gaza was not at risk after Israel launched airstrikes in the enclave, which killed 26 people in response to the killing of an Israeli soldier.

Israeli planes struck in Gaza on Tuesday after Israel accused the militant group Hamas of violating the ceasefire, the latest violence in the three-week-old deal brokered by Mr. Trump.

Gazan health authorities said the strikes killed at least 26 people, including five in a house hit in the Bureij refugee camp in the central Gaza Strip, four in a building in Gaza City’s Sabra neighborhood, and five in a car in Khan Younis.

“As I understand it, they took out an Israeli soldier,” Mr. Trump told reporters aboard Air Force One. “So the Israelis hit back, and they should hit back. When that happens, they should hit back,” he added.

The Israeli military confirmed the soldier’s death on Wednesday.

“Nothing is going to jeopardize” the ceasefire, Mr. Trump said. “You have to understand Hamas is a very small part of peace in the Middle East, and they have to behave.”

The Israeli military did not immediately comment on the strikes, which followed a statement by Prime Minister Benjamin Netanyahu’s office saying he had ordered immediate “powerful attacks.”

An Israeli military official said Hamas had violated the ceasefire by carrying out an attack against Israeli forces who were stationed within the so-called “yellow line,” the deployment line agreed upon in the ceasefire.

The US-backed ceasefire agreement went into effect on Oct. 10, halting two years of war triggered by deadly Hamas-led attacks on Israel on Oct. 7, 2023.

Both sides have accused each other of ceasefire violations.

“If they (Hamas) are good, they are going to be happy and if they are not good, they are going to be terminated, their lives will be terminated,” Mr. Trump said.

“Nobody knows what happened to the Israeli soldier but they say it was sniper fire. And it was retribution for that, and I think they have a right to do that.”

Hamas denied responsibility for the attack on Israeli forces in Rafah, in southern Gaza and said in a statement that it remained committed to the ceasefire deal. — Reuters

China says it ‘absolutely will not’ rule out use of force over Taiwan

A NAVY miniature is seen in front of displayed Chinese and Taiwanese flags in this illustration taken April 11, 2023. — REUTERS

BEIJING/TAIPEI — China “absolutely will not” rule out using force over Taiwan, a government spokesperson said on Wednesday, striking a much tougher tone than a series of articles in state media this week that pledged benign rule if the island comes over to Beijing.

China, which views democratically governed Taiwan as its own territory, has never renounced use of force to “reunify” with the island.

But the policy is not often directly voiced in public and did not appear in three Xinhua news agency commentaries this week about Taiwan, one of which mapped out how “patriots” could rule the island after “reunification” and promised Taiwan’s existing social system and way of life would be respected.

Peng Qing’en, a spokesperson for China’s Taiwan Affairs Office, told a regular news conference in Beijing that peaceful “reunification” under the “one country, two systems” model is the fundamental approach to “resolving the Taiwan issue.”

“We are willing to create ample space for peaceful reunification and will spare no effort to pursue this prospect with the utmost sincerity,” he said.

“However, we absolutely will not renounce the use of force and reserve the option to take all necessary measures.”

China’s top official in charge of Taiwan policy, the ruling Communist Party’s fourth ranked leader Wang Huning, did not mention force in a key policy speech on Saturday, that instead focused on how both sides would benefit from “reunification.”

China’s renewed push on an autonomy model for Taiwan, which no major Taiwanese political party supports and the government in Taipei has repeatedly denounced, comes ahead of a meeting on Thursday between US President Donald J. Trump and Chinese President Xi Jinping.

Mr. Trump told reporters on Wednesday he did not know whether he would even discuss Taiwan with Mr. Xi.

Taiwan’s government rejects Beijing’s sovereignty claims.

Speaking earlier on Wednesday in Taipei, Taiwan National Security Bureau Director-General Tsai Ming-yen said China’s “patriots” model was what Beijing used in Hong Kong and Macau and had no market in Taiwan.

“The aim is to belittle Taiwan’s international standing, and Hong Kong-ify and Macau-ify Taiwan, to achieve the political objective of eliminating Taiwan’s sovereignty, which the Chinese Communist Party seeks to do,” he said.

“I think the Chinese communists have no way to enact the application of the Macau or Hong Kong model in Taiwan.”

In 2021, Hong Kong, which returned to Chinese rule from Britain in 1997, held its first “patriots-only” election with candidates vetted as loyal to Beijing. Turnout hit a record low.

Taiwan held its first direct presidential election in 1996, and democracy on the island is a noisy and vibrant affair where candidates are free to espouse any point of view, including being pro-independence or pro-Beijing.

China’s government refuses to talk to Taiwan President Lai Ching-te, saying he is a “separatist.” — Reuters

Trump says US law blocks bid for a third presidential term

REUTERS

WASHINGTON — US President Donald J. Trump appeared to close the door on seeking a third term in office, acknowledging that the Constitution bars him from running again after his current term ends in January 2029.

“If you read it, it’s pretty clear — I’m not allowed to run. It’s too bad,” Mr. Trump told reporters aboard Air Force One on Wednesday en route to South Korea, signaling a shift from earlier comments in which he declined to definitively rule out another bid.

The 22nd Amendment to the US Constitution bars anyone from being elected to the US presidency a third time, but Mr. Trump has publicly toyed with the idea since he won a second term in November.

US House Speaker Mike Johnson said on Tuesday that he had discussed the issue with Mr. Trump and concluded there was no viable path to amend the Constitution in time to allow a third term. “It’s been a great run,” Mr. Johnson said. “But I think the president knows, and he and I have talked about, the constrictions of the Constitution.”

Mr. Johnson noted that the amendment process would require two-thirds approval in Congress and ratification by three-fourths of the states, a process he estimated could take a decade. “I don’t see the path for that,” he added.

Mr. Trump’s allies, including former strategist Steve Bannon, have floated legal theories challenging the two-term limit established by the 22nd Amendment.

Mr. Trump has referenced the idea at rallies and sells “Trump 2028” merchandise, though Mr. Johnson characterized it as political theater. “He has a good time with that, trolling the Democrats whose hair is on fire about the very prospect,” Mr. Johnson said.

Mr. Trump, 79, also pointed earlier this week to Vice President JD Vance and Secretary of State Marco Rubio as potential Republican contenders for the 2028 election. If he were to run again, Mr. Trump would be 82, making him the oldest president in US history. — Reuters

India, EU need more talks on steel, autos, carbon levy for trade deal

REUTERS

NEW DELHI — India and the European Union (EU) agreed that issues related to steel, automobiles, carbon levies and other EU regulations require further discussions due to higher sensitivities, New Delhi said in a statement on Wednesday.

India’s Commerce and Industry Minister Piyush Goyal held talks with the European Commissioner for Trade and Economic Security Maros Sefcovic in Brussels during his Oct. 26-28 visit, as both sides continued efforts to finalize a long-pending free trade agreement (FTA), the statement said.

The two sides reaffirmed their shared goal of concluding the FTA by the end of 2025, following the direction from Prime Minister Narendra Modi and European Commission President Ursula von der Leyen earlier this year.

Negotiations, relaunched in 2022, have accelerated since US President Donald J. Trump’s re-election, with Brussels speeding up trade pacts with Mexico and the South American Mercosur countries and stepping up talks with India, Indonesia and the United Arab Emirates.

“We are working towards a balanced and equitable agreement that promotes transparent and predictable trade frameworks,” Mr. Goyal said, adding that the discussions were “productive and meaningful.”

The EU is India’s biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade.

Both sides explored “possible landing zones” on outstanding issues and agreed to finalize non-sensitive industrial tariff lines.

India also reiterated the need for preferential treatment for labor-intensive sectors such as textiles and leather, while flagging concerns over the EU’s carbon levy, known as the border adjustment mechanism, and new regulatory measures.

Mr. Sefcovic said the talks reflected the “depth of political trust” between India and the EU and that both sides were “committed to finding fair solutions that strengthen trade and economic security.”

To advance the discussions, a technical team from the EU’s Directorate-General for Trade will visit India next week to work on potential solutions identified during the Brussels meetings, the statement said. — Reuters

Vista Land celebrates four consecutive years of corporate governance recognition

Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, proudly received two Golden Arrows at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition Awards held recently at Okada Manila. The prestigious recognition, conferred by the Institute of Corporate Directors (ICD), underscores Vista Land’s continued commitment to upholding the highest standards of corporate governance. This marks the Company’s fourth consecutive year of being recognized by the ACGS. The award was received on behalf of the company by Chief Financial Officer Brian Edang.

Vista Land Chairman Manuel B. Villar Jr. expressed pride in the company’s recognition, saying, “This recognition affirms Vista Land’s steadfast dedication to integrity, transparency, and accountability. For us, good governance is at the core of sustainable growth — it builds trust, strengthens relationships, and ensures that our success benefits not only our shareholders but also our communities.”

The Golden Arrow is a symbol of excellence in corporate governance and is awarded to publicly listed companies that have attained high scores in the ASEAN Corporate Governance Scorecard (ACGS). The ACGS evaluates companies based on their performance in key areas such as the protection of shareholder rights, sustainability and resilience, stakeholder relations, transparency and accountability, and board leadership and oversight.

Vista Land’s recognition underscores its commitment to continuous improvement, good governance, and transparency in all aspects of its operations. The company ensures that its growth strategies align with sustainable and responsible business practices, emphasizing the creation of long-term value for its stakeholders. Among the initiatives that contributed to this achievement are the strengthening of sustainability programs and integration of ESG (Environmental, Social, and Governance) principles across its operations; timely and transparent disclosures through its investor relations channels; board and management development programs promoting accountability and ethical leadership; and community-focused projects that champion sustainable living, green developments, and livelihood opportunities.

Vista Land President and CEO Manuel Paolo A. Villar added, “We are honored to receive two Golden Arrows, a testament to our team’s hard work and commitment to excellence. This milestone inspires us to continuously elevate our governance practices, enhance transparency, and pursue innovation that drives long-term, inclusive progress.”

Vista Land remains dedicated to upholding the highest standards of corporate governance as it continues to expand and develop sustainable communities across the Philippines.

 


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Smart introduces new premium plan for power users

SMART.COM.PH

Smart Communications, Inc., through its Smart Infinity premium postpaid brand has launched a new top tier plan. Called the Infinity Plus Plan 9500, the new flagship plan is designed for professionals and business executives who need not just connectivity, but flexibility as well. It is now available in select Smart Stores and Smart Infinity Relationship Managers.  

The Infinity Plus Plan 9500 comes with one primary line and two supplementary lines bundled under a single account. Apart from the multi-line account, maximum connectivity is assured with unlimited data, calls, and text for the primary line plus 2GB of international roaming data. There’s also P4,500 worth of shared consumables for the main and secondary lines.  

Plan subscribers will get the full Infinity Plus VIP treatment with the included complimentary airport lounge access, worldwide concierge services for dining and travel plus access to Smart Rewards. 

For peace of mind and the ultimate in customer service, plan subscribers have access to a dedicated Relationship Manager which is available through a 24/7 hotline. Priority service is also assured at Smart Stores. — EGG

Finding one’s unique selling point

Nascent Technologies Corp. is developing a sodium-ion-based starter battery that is lighter, longer-lasting, and more environmentally friendly than traditional lead-acid car batteries.

Related article: https://www.bworldonline.com/bw-launchpad/2025/08/06/689681/nascent-bets-on-sodium-ion-for-safer-longer-lasting-car-batteries/

Interview by Edg Adrian Eva
Video editing by Jayson Mariñas

Philippines, Canada to sign troop access pact 

PHILIPPINESTAR/WALTER BOLLOZOS

By Kenneth Christiane L. Basilio, Reporter

The Philippines and Canada will sign a defense pact later this week granting greater access for troops in each other’s territories, according to Manila’s Defense department, as it seeks to deepen security ties with its allies amid lingering South China Sea tensions. 

Philippine Defense Secretary Gilberto C. Teodoro, Jr. and Canadian Defense Minister David Joseph McGuinty will sign the status of visiting forces agreement (SOVFA) in Manila on Sunday, forging a deal that began negotiations earlier this year to enhance military cooperation between the two countries. 

“The SOVFA will then be submitted for presidential ratification,” the Department of National Defense said in a statement on Wednesday.  

The visiting forces deal between the Philippines and Canada aims to reinforce their 2024 defense cooperation pact and improve interoperability by establishing a framework for operating and training troops within each other’s territories, the Canadian government said in a March statement. 

Ottawa has consistently backed Manila’s stake in the South China Sea, one of the world’s most contested waterways, where tensions between the Philippines and China continue to simmer due to overlapping claims. 

Beijing continues to lay its sovereignty over the energy-rich waters despite a 2016 ruling by a United Nations-backed court that voided its claims.  

Philippine and Chinese forces have repeatedly sparred over disputed maritime features, and both have traded accusations of escalating tensions following incidents involving water cannon blasts and sideswipes between vessels. 

The Southeast Asian nation has stepped up efforts to push back against China’s sweeping sea claims by expanding its web of alliances beyond the US, its long-standing treaty ally. It has forged visiting forces agreements with Australia, and most recently, New Zealand, alongside a similar deal with Japan. 

Talks for a visiting forces pact with France are also under way. 

ACEN RES clinches third consecutive gold at Stevie® International Business Awards in Lisbon

ACEN Renewable Energy Solutions (ACEN RES), the Ayala group’s retail electricity unit, clinched its third consecutive gold award at the 2025 Stevie International Business Awards, breaking new ground as the first-ever winner of the Omni-Channel Marketing Strategy of the Year, beating nominations from all over the world. ACEN RES was the lone electricity retailer from the Philippines to claim such distinction this year, in an awards ceremony held recently in Lisbon, Portugal.

Judges lauded the campaign’s insightful messaging, engaging events, and impressive growth, describing it as a standout achievement in the field. By blending storytelling, targeted digital outreach, and well-crafted events, ACEN RES set a new standard for marketing in the renewable energy sector.

The Stevie® International Awards also recognized ACEN RES RESURGENCE for the categories Corporate Event and B2B Event, for demonstrating how sustainability can drive profitability and growth, offering clear, actionable insights to business leaders in the Philippines. It challenged the notion that sustainability is a liability, but instead showing how it can drive operational efficiency and business expansion.

ACEN’s Omni-Channel Marketing Strategy also won in the Small-Budget Marketing Campaign of the Year category, highlighting how ACEN RES achieved extraordinary results with minimal resources. Judges praised the strategy’s clarity and focus, noting the campaign’s concrete and measurable impact.

Known as the “Oscars of the business world,” the Stevie® Awards celebrate excellence in marketing, innovation, customer service, and corporate communications.

“It is our customers who inspire us to do better; we are honored by this recognition and reinforces our direction on purposeful omnichannel communications and meaningful customer experiences,” said Tony Valdez, Senior Vice President for Market Transformation and Retail, who received the award in behalf of ACEN RES.

“Representing the Philippines on this global stage is a privilege, as is being part of a movement to do good,” he added.

In 2023, ACEN RES won the Gold Stevie® for New Product or Service Introduction of the Year, and in 2024 for Brand Experience of the Year. ACEN RES was also cited by the Agora Awards for Outstanding Achievement in Marketing Communications in 2024.

 


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Megawide sustains strong Corporate Governance Practices, earns two new Golden Arrows from ICD

Megawide Construction Corporation (“Megawide” or the “Company”) once again earned distinction at the Institute of Corporate Directors (ICD) Golden Arrow Recognition Ceremony held on Tuesday, October 23 at Okada Manila, reaffirming its commitment to sound corporate governance and ethical leadership.

The Golden Arrow Award recognizes top-performing, publicly-listed and insurance companies based on the 2024 ASEAN Corporate Governance Scorecard (ACGS) and Corporate Governance Scorecard (CGS) assessment results.

Megawide was honored with Two Golden Arrows, corresponding to an ACGS score of 90 to 99 points, a demonstration of the Company’s consistent adherence to best governance practices and its continuous drive to strengthen transparency, accountability, and stakeholder engagement.

Driving good governance for a First-World Vision

This milestone is Megawide’s fifth straight year of recognition from the ICD, having first received its Two Golden Arrows distinction in 2021 alongside the citation as Most Improved Publicly Listed Company in Corporate Governance.

“As a publicly-listed infrastructure company, Megawide recognizes that good governance is the foundation for sustainable growth,” shared Chief Legal Officer Atty. Raymund J. Gomez. “We continue to work closely with regulators, investors, and our partners to ensure that the values of transparency and integrity are deeply embedded across all aspects of our operations.”

Megawide’s commitment to excellence and strong governance culture continues to earn recognition on both local and regional platforms.

In FinanceAsia’s 2025 Best Managed Companies Poll, Megawide garnered several honors for leadership, governance, and sustainability. Chairman and CEO Edgar Saavedra was named Best CEO (Gold) for his visionary and innovative leadership, while Group CFO Jez Dela Cruz received Best CFO (Silver) for financial excellence and strategic execution. The Company was also cited as Best Managed Company (Silver), Most Committed to ESG (Silver), and Best Small Cap (Silver). These show the Company’s integrated approach to performance, innovation, and responsible business practices.

Governance across the group

Megawide’s corporate governance framework extends across all its subsidiaries and affiliates, including major infrastructure assets. Citicore Energy REIT Corp. (CREIT), a related company, was likewise recognized at the Golden Arrow Awards for its exemplary corporate governance practices.

“Corporate governance begins within the organization. It is how we ensure that our decisions, actions, and partnerships align with our vision of building a First-World Philippines,” added Gomez.

The ASEAN Corporate Governance Scorecard (ACGS) evaluates listed companies based on shareholder rights, stakeholder relations, transparency and disclosure, and board responsibilities, fostering integrity and trust across the region’s capital markets.

 


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Global firms slash jobs amid weak sentiment, AI push

REUTERS

Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation.

According to a Reuters tally, American companies have announced more than 25,000 job cuts this month, not including UPS’s 48,000 figure, which dates from the beginning of 2025. In Europe, the total tops 20,000, with Nestlé accounting for the bulk after last week’s 16,000-role reduction.

With economy-wide numbers on job cuts not available given the US government is in the middle of its second-longest shutdown in history, investors are paying extra attention to these anecdotal stories of layoffs. That’s even if year-end layoffs are common and many of the eye-catching cuts will be stretched out over a prolonged period.

“Investors are asking themselves, what does this mean? And specifically, what’s the overall picture since we can’t see it?” said Adam Sarhan, chief executive of 50 Park Investments in New York. Cuts like those at Amazon “tells me the economy is slowing down, not getting stronger. You don’t have mass layoffs when the economy is strong.”

CEOs WANT A RETURN ON BIG AI SPENDING
Amazon said it would cut up to 14,000 jobs from its corporate workforce, joining Target, Procter & Gamble and others in axing thousands of office roles. Reuters reported on Monday as many as 30,000 Amazon jobs could be eliminated.

The reasons for the cuts vary. Some, like Target and Nestle, have new CEOs eager to restructure their operations. Baby-apparel company Carter’s is slashing 15% of office jobs as it struggles with hefty import tariffs imposed by US President Donald Trump.

What stands out is the focus by companies like Amazon and Target on white-collar roles seen as vulnerable to AI-driven automation, rather than those on shop or factory floors. Some analysts say Amazon’s move could be an early sign of deeper structural shifts as companies push to justify billions spent on AI tools.

Target’s cuts affect 8% of its corporate staff but Amazon’s cuts affect just 14,000 positions within its 1.5 million-strong workforce.

KPMG’s latest survey of US-based executives released in September shows projected AI investment has jumped 14% since the first quarter to an average of $130 million over the next year. And 78% of executives say they are under intense pressure from boards and investors to prove AI is saving money and boosting profits.

The occupations most likely to be affected would be where entry-level work is replaced with automation, Bank of America economists wrote on Oct. 22. So far, however, businesses loaded with white-collar workers such as those in the information, finance, and professional services sector have seen job growth in tandem with increased AI usage, they wrote.

“I’m reticent to say it’s AI just yet,” said Allison Shrivastava, economist with Indeed Hiring Lab in Saratoga Springs, New York, who said the tech sector has been retrenching since a 2022 peak. “It has the potential to impact the labor market, but I don’t think we’re seeing that strong an impact right now.”

LOW-HIRING, LOW-FIRING DOLDRUMS
With the US government shut, data is at a premium. Weekly state jobless figures so far do not show a measurable surge in layoffs, but job growth remains subdued. Payroll provider ADP on Tuesday estimated an increase of 14,250 jobs in the four-week period ended Oct. 11.

Despite the headlines, economists say the labor market is stuck in a “low-hiring, low-firing phase”, with firms quietly trimming headcount by not replacing vacated roles.

If layoffs accelerate, they could further weaken consumer confidence and the broader US economy, already under strain from tariffs and inflation above Federal Reserve targets. Fed officials concerned about the job market worry the “low-hiring, low-firing” environment could slip towards faster layoffs.

“I describe this as a ‘hold-your-breath’ environment,” Shrivastava said. “‘Low-hire, low-fire’ almost makes it feel like we’re in this new equilibrium, where really companies are just holding their breath, trying to figure out what’s going on.” — Reuters