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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

PAGASA-DOST FB PAGE

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

Philippine factory activity rebounds in October despite drop in new orders, output

A WORKER wipes an automotive computer component part at an electronics assembly line in Biñan, Laguna, April 20, 2016. — REUTERS

Philippine factory activity bounced back in October, despite a drop in new orders and production, S&P Global said.

The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) improved to 50.1 in October, a turnaround from 49.9 in September.

A PMI reading above 50 denotes better operating conditions from the preceding month, while a reading below 50 shows a deterioration in operating conditions.

Maryam Baluch, economist at S&P Global Market Intelligence, said the Philippines PMI reading in October reveals a “mixed picture.”

“The two largest segments, new orders and output, indicated further declines. Additionally, fresh contractions were observed in new export orders and purchasing activity, highlighting underlying demand conditions,” she said.

S&P Global noted that output and new orders “have now failed to record any growth for a second consecutive month, a trend not seen in over four years.”

Despite this, Ms. Baluch said Filipino manufacturers grew more optimistic about their growth prospects for output in the coming year.

“The sector has now remained in sluggish territory for most of the second half of 2025 so far. Whether it can see a notable recovery in performance in the coming months will depend greatly on efforts to stimulate consumer demand,” she added. — Aubrey Rose A. Inosante

Unshaken by adversity: BingoPlus Foundation’s P6-M earthquake relief efforts uplift Cebuano communities

BingoPlus Cebu employee volunteers distributed water, food, medicine and other essentials enough for 56,000 Filipinos across earthquake-affected communities in Bogo, San Remigio, Medellin, Daanbantayan, Borbon, and Tabogon. The P6-million relief effort, led by the BingoPlus Foundation, was carried out in coordination with local government units and mobilization partners.

The memory of the magnitude 6.9 earthquake that struck Northern Cebu on Sept. 30 still haunts the region, but for BingoPlus Foundation, it was a call to action defined by dedication and grit.

Armed with a commitment to multiply the good and spread hope, the BingoPlus Foundation immediately mobilized the relief operations to deliver the P6-million support from DigiPlus Interactive and BingoPlus to thousands of Cebuanos affected by the earthquake.

Little did the team know that their dedication and perseverance would be tested as the mission, implemented under the Foundation’s BayanihanPlus program, became one of its most arduous operations to date.

Serving Beyond the Quake

BingoPlus Store Manager Mark Gibson Dingal surveyed the devastation in Medellin and Bogo, Cebu, after a 6.9-magnitude earthquake and its aftershocks destroyed numerous establishments on Sept. 30, 2025.

While BingoPlus Foundation, social development arm of DigiPlus Interactive Corp., is no stranger to difficult relief operations, the recent leg was the most challenging to date. For the Manila-based Foundation team and the local Cebu BingoPlus employee volunteers, the journey was a test of commitment.

The distribution was fraught with challenges, ranging from aftershocks, heavy rains, impassable roads, and infrastructural damage. This difficult environment peaked on Oct. 13 when volunteers experienced a 5.8-magnitude aftershock, which intensified the already complex relief operations.

Despite the hazards, the team’s resolve was unwavering. Everyone was committed to fulfilling public service to deliver not just the relief goods but multiply the good and provide hope to thousands of affected Cebuanos.

Distribution activities proceeded from Oct. 5 to 23 despite aftershocks, heavy rains, impassable roads, and infrastructural damage.

As Jem Tumbaga, BingoPlus Foundation communications officer, shared, “I learned that serving others is not about how easy the journey is, but how willing your heart is to keep going for those who need you the most.”

Tumbaga added, “Despite the bad weather, rough roads, and the scary aftershocks we experienced in Cebu, my commitment to serve others remains unshaken because I know our service will bring hope to our kababayans severely affected by the earthquake.”

Collaboration to Multiply the Good

In the spirit of multiplying the good through collaboration, the Foundation coordinated with BingoPlus branches, local government units, the Philippine Army 53rd Engineering Brigade, the Philippine Accessible Disability Services (PADS) and supply chain networks, to carry out one of its most complex relief operations, delivering aid barangay to barangay across six municipalities within days. The combined effort in logistics and communications ensured efficient distribution of relief goods to thousands of residents in far-flung areas across Northern Cebu.

“Ang mga ayudang ito ay aming ipinamamahagi house-to-house sa aming mga miyembro dahil mahirap ang access ng daanan dito… kaya umaabot ng 17 kilometro ang biyahe,” shared PADS Focal Person Nino Mangubat to Jem Tumbaga of BingoPlus Foundation, describing the challenges of delivering relief to PWDs. The collaboration helped bridge access to essential goods directly to remote homes, sparing vulnerable sectors the long and difficult travel to distribution sites.

Wala man lisod kaayo ang access diri samot na sa agianan samot na ang kaning sa Tagnucan kay mubalik pa sa mainland (Access here is very difficult, especially the roads, especially for Tagnucan, because the road goes back to the mainland),” said  Nino Mangubat, the focal person of PADS in Borbon, shared on a Facebook post.

He added “Karon, kaning gihatag sa BingoPlus Foundation ayuda dako jud kaayo ni ug kwan sa persons with disabilities diri sa Borbon kay nakita jud nato ba bisan og lisod kaayo ang PWD karon amo saning gipaningkamutan sa mga chapter president nga ang tanang ayuda nga gihatag sa BingoPlus amo ning i-house to house na sa mga members. (Now, this aid given by the BingoPlus Foundation is really a huge help for the persons with disabilities here in Borbon, because we truly see that even though it is very difficult for PWDs right now, we — the chapter presidents — are making every effort to ensure that all the aid given by BingoPlus is delivered house-to-house to the members.)”

The PADS representative said “Thank you kaayo BingoPlus sa inyong hatag na suporta sa moa o sa PADS. Thank you kaayo (Thank you very much, BingoPlus, for the support you gave us, or to PADS. Thank you very much).”

P6-million Aid of BayanihanPlus

Sama-sama sa tulong. Sabay-sabay sa pagbangon — through its BayanihanPlus program, BingoPlus Foundation’s P6-million support from DigiPlus and BingoPlus represents an immediate lifeline and a step towards recovery for thousands of individuals who lost their homes, livelihoods and loved ones.

Through the Foundation’s program BayanihanPlus, volunteers successfully delivered thousands of relief packs to an estimated 56,000 residents across six municipalities in Northern Cebu. This extensive distribution, valued at P6 million, spanned a phased approach from Oct. 5 to Oct. 23.

“Our commitment to the people of Cebu is unwavering,” said Angela Camins-Wieneke, BingoPlus Foundation executive director. “This P6-million support from DigiPlus and BingoPlus represents an immediate lifeline for tens of thousands of individuals who lost their homes, livelihoods, and some even their loved ones. We’ve prioritized swift, targeted action to ensure the relief gets into the hands of those who need it most. Sama-sama sa pagtulong. Sabay-sabay sa pagbangon. (We help together. We recover together.)

Understanding that earthquake recovery is a long-term process, the BingoPlus Foundation will continue working with partners to assess the changing needs of the affected communities as the complex recovery progresses.

For the latest updates on the BingoPlus Foundation, as well as inquiries regarding coordination, assistance, or partnership opportunities, please contact the Foundation via its official Facebook page https://www.facebook.com/BingoPlusFoundation/.

 


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Hegseth visits South Korea for talks on US troops, tour of DMZ border

US DEFENSE SECRETARY PETE HEGSETH — REUTERS

SEOUL — US Defense Secretary Pete Hegseth visits South Korea on Monday for talks expected to involve Washington’s goal of reshaping the role of US troops in Korea in an evolving security environment and is also expected to visit the DMZ border with North Korea.

The defense chiefs are scheduled to hold the annual Security Consultative Meeting (SCM) on Tuesday, the highest-level forum where the two countries chart the course of their military alliance and South Korea’s defense against nuclear-armed North Korea.

South Korean Defense Minister Ahn Gyu-back and Hegseth will discuss combined defense readiness against North Korea and cooperation on regional security and cyber and missile defense, the South’s ministry said.

The two are expected to discuss plans to respond to the “changing security environment and threats” by developing the alliance between the two countries, it said.

Washington is considering making the role of the 28,500 US troops in South Korea more flexible with an eye on maintaining the balance of power in Asia amid concerns about Chinese activities in the South China Sea and around Taiwan.

US officials have signaled a plan to make the US forces more flexible to potentially operate outside the Korean peninsula in response to a broader range of threats such as the defense of Taiwan and to check China’s growing military reach.

South Korea has resisted the idea of shifting the role of US troops but has worked to grow its defense capabilities in the past 20 years with the goal of taking on the command of the combined forces – including its 450,000 troops – in wartime.

South Korea plans the largest defense budget increase in years for 2026 partly to address US President Donald Trump’s demand its allies pay more for US military presence in their countries.

Mr. Hegseth is expected to visit the Panmunjom truce village on the Demilitarized Zone (DMZ) border with North Korea with South Korea’s Mr. Ahn.

Nuclear-armed North Korea has ignored overtures from Trump and South Korean President Lee Jae Myung for dialogue and has dramatically advanced its missile and conventional military capabilities.— Reuters

Youth for Dagat Summit: Empowering the next wave of sustainability leaders

The France-Philippines United Action (FPUA), in partnership with Plastic Odyssey and with the support of the Embassy of France to the Philippines under the Blue Nations Initiative, held the Youth for Dagat Summit on Oct. 25, 2025, at the Alliance Française de Manille in Makati City.

The Summit stands as a testament to the Embassy’s steadfast commitment to advancing sustainability and empowering youth in the Philippines. Through continued French support, initiatives like Youth for Dagat bridge collaboration between France and the Philippines, creating lasting impact in environmental education and action. This partnership reaffirms that even the simplest awareness efforts, when nurtured through international cooperation, can inspire transformative change and cultivate the next generation of sustainability leaders.

A Culminating Celebration of Youth and Collaboration

Serving as the culminating event of the Youth for Dagat (YFD) program, the Summit gathered over 120 participants, including student ambassadors from seven universities, sustainability professionals, policymakers, and development partners.

Serving as the culminating event of the Youth for Dagat (YFD) program, the Summit gathered over 120 participants, including student ambassadors from seven universities, sustainability professionals, policymakers, and development partners.

The morning plenary opened with remarks from Mr. Fabrice Place, Deputy Ambassador of the Embassy of France to the Philippines, and Mr. Olivier Guilly, President of FPUA. This was followed by Mr. Prince Dellosa, Project Coordinator of FPUA, who shared updates on the YFD program, and Mr. Maxime Thirouin of Plastic Odyssey, who presented upcoming initiatives in recycling and circular economy training in the Philippines.

Panel Discussions: Sharing Challenges, Inspiring Action

In the afternoon, a series of expert panels delved into key sustainability topics and youth empowerment themes.

Panel 1: Green Leadership: Moving the Circular Economy from Belief to Policy

Speakers: Vincent Vinarao (QC LGU), Elmerei Cuevas (UNDP), Arnaud Tomc (Better With Water), Ronald Teng (Youth for Dagat)

Moderator: Patrick Tiongson

Panelists shared firsthand experiences implementing waste reduction and recycling initiatives in their organizations and local communities, highlighting the ongoing challenges in shifting habits and systems at both individual and municipal levels. Representing Quezon City LGU, Mr. Vincent Vinarao noted that while cities like QC are leading sustainability efforts, policy implementation is far from simple. Even “simple” bans on single-use plastics — such as shampoo sachets — often face criticism as “anti-poor,” underscoring the need for inclusive and well-planned policymaking that balances environmental and social realities.

Panel 2: Circular Economy & EU-PH Green Economy Partnership

Speakers: Maxime Thirouin (Plastic Odyssey), Nelson De Luna (EcoPoly), Liz Peñaflor (PCIEERD), Amrendra Kumar (ASM Global), Ralph Cuazon (Ecosustainability Consultant)

Moderator: Maxime Thirouin

This discussion bridged perspectives from across industries and countries, revealing how sustainability policies evolve differently among organizations and international partners. While progress can sometimes seem gradual, collaboration between European and Filipino stakeholders continues to strengthen the circular economy ecosystem. The panel also encouraged participants to reflect on how they, as future leaders, can integrate these learnings into their own practices and institutions.

Panel 3: Empowering the Next Generation through Education

Speakers: Yzette Guiwan (YFD), Ronelli Espina (UP Integrated School), Raphael Dionisio (Mad Travel), Razel Suansing (House of Representatives, 2nd District of Sultan Kudarat)

Moderator: Patrick Tiongson

This session emphasized that education is the most powerful foundation for long-term behavioral change. Raphael Dionisio of Mad Travel illustrated this creatively, noting how even classroom lessons can foster sustainability thinking — for instance, turning a simple math problem like “If you have 10 melons and give away 3” into “If we reduce our plastic waste by 3 tons a year, how many tons will we save in 8 years?” Small shifts in education, he shared, can reshape how young minds view environmental responsibility.

Panel 4: Navigating Plastic Pollution & EPR Law: Challenges and Opportunities

Speakers: Hyacinth Magat (GIZ Philippines), Ma. Lourdes Nicole J. Liu (SM Investments Corp.), Atty. Ivy De Pedro (DENR), Maxime Thirouin (Plastic Odyssey)

Moderator: Carlos Hechanova

This final panel brought together voices from government, industry, and international organizations to discuss how policies like the Extended Producer Responsibility (EPR) Law can drive systemic change. Ms. Ma. Liu of SM Investments Corporation shared how SM integrates sustainability across its operations, while Atty. Ivy De Pedro of the DENR emphasized that accountability and cooperation are key to the law’s success. Panelists agreed that sustainable change requires consistent, cross-sector collaboration and long-term commitment.

Continuing the Movement

The Summit concluded with a screening of the Plastic Odyssey documentary and a networking session that encouraged participants to connect and share reflections on their environmental journeys.

In the coming weeks, FPUA will distribute EcoBins — three-compartment trash bins made entirely from recycled plastic waste processed at Plastic Odyssey’s Microfactory in Cavite. These will be donated to partner universities as both a token of gratitude and a tangible reminder that “great change begins with small actions from students who dare to lead.”

Through the continued collaboration of FPUA, Plastic Odyssey, and the Embassy of France, Youth for Dagat demonstrates that awareness, education, and action can ripple outward —  empowering a new generation of changemakers to lead the way toward a cleaner, more sustainable future for all.

 


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EU considers weakening 2040 climate goal over forest CO2 absorption, draft shows

A EUROPEAN UNION’S flag flutters outside the European Commission headquarters in Brussels, Belgium, Oct. 15, 2020. — REUTERS

BRUSSELS — The European Union is considering a brake clause to weaken its 2040 climate target in the future, if it becomes clear countries’ forests are not absorbing enough CO2 emissions to meet the goal, a draft EU compromise proposal showed.

EU countries are attempting to approve their new 2040 climate target at a November 4 meeting of their climate ministers, just in time to avoid European Commission President Ursula von der Leyen going empty-handed to the UN’s COP30 climate summit with other world leaders on November 6.

But with some countries concerned about the costs to struggling domestic industries, the EU is considering various flexibilities and options to weaken the climate target, which the commission has said should be to cut planet-warming emissions 90% by 2040.

Countries’ latest draft negotiating compromise, seen by Reuters on Sunday, added a new clause that said if forests and other land-based activities that absorb CO2 emissions fall short, the EU will be allowed to propose “an adjustment of the 2040 intermediate target corresponding to and within the limits of the possible shortfalls”.

Brussels could also respond by proposing extra measures to help get the forest sector back on track for the emissions goal, it said.

The move echoes a proposal made by France last week, previously reported by Reuters, which had demanded an “emergency brake” to reduce the 90% emissions target by 3%, if forests and the land-use sector underdeliver.

The amount of CO2 absorbed by Europe’s forests and land-use sector dropped by nearly a third in the last decade, because of factors including wildfires and unsustainable forest management.

Previous negotiating drafts showed countries were already considering letting the EU revise the 2040 goal every two years, another route that could weaken it in the future.

But their ministers will still have to thrash out key issues on Tuesday, including the share of the 90% emissions reduction which countries will be allowed to cover by buying foreign carbon credits.

Support from at least 15 of the 27 EU members is needed to pass the goal.

A spokesperson for Denmark, which holds the EU’s rotating presidency and drafted the document, said all the necessary ingredients were now in place to land a deal.

“With COP30 about to start this is the time to agree on the 2040 target,” the spokesperson said.— Reuters

Magnitude 6.3 earthquake shakes Afghanistan’s Mazar-e Sharif city, casualties feared

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

An earthquake of magnitude 6.3 struck near one of Afghanistan’s largest cities Mazar-e Sharif early on Monday, the US Geological Survey said.

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.”

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

The earthquake hit at a depth of 28 kilometers near Mazar-e Sharif, which has a population of about 523,000, according to USGS.

The country’s national disaster management agency said reports on casualties and damage would be shared later. Reuters could not immediately verify the extent of damage from the earthquake.

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.

Thousands died and thousands more were injured after an earthquake and a series of aftershocks hit Afghanistan in August, the Taliban administration said.

Afghanistan is especially vulnerable to earthquakes as the country is located on two major active faults that have the potential to rupture and cause extensive damage.

In 2015, an earthquake struck northeastern Afghanistan, killing several hundred people in Afghanistan and nearby northern Pakistan. Another in 2023 killed at least 1,000 people.— Reuters

Poll: Inflation likely picked up in Oct.

Shoppers check Halloween masks and costumes in Divisoria in Manila. — PHILIPPINE STAR/RYAN BALDEMOR

By Katherine K. Chan

PHILIPPINE inflation may have slightly accelerated in October amid elevated prices of food, fuel and electricity as well as a weak peso, analysts said.

A BusinessWorld poll of 17 analysts yielded a median estimate of 1.8% for the consumer price index in October. If realized, October inflation would have slightly picked up from the 1.7% clip in September but slowed from the 2.3% seen in the same month last year.

The median estimate also falls within the Bangko Sentral ng Pilipinas’ (BSP) 1.4-2.2% forecast for October.

Analysts’ October inflation rate estimates

It may also be the fastest clip in eight months or since the 2.1% in February and would match the 1.8% in March.

October could likewise mark the eighth month in a row that inflation undershot the BSP’s 2-4% target.

The Philippine Statistics Authority is set to release the October inflation data on Nov. 5.

Aris D. Dacanay, economist for the Association of Southeast Asian Nations at HSBC Global Investment Research, said inflation likely settled at 1.8% in October as prices of vegetables rose following typhoons.

“Electricity prices also increased as the depreciation of the peso over the US dollar led to higher generation charges,” he added.

The Manila Electric Co. hiked the overall electricity rate by P0.2331 per kilowatt-hour (kWh) to P13.3182 per kWh in October. 

Moody’s Analytics economist Sarah Tan said increased transport and fuel prices may have also contributed to faster inflation in October.

“Higher transport and fuel costs, together with weather-related disruptions affecting some food items, are putting mild upward pressure on prices,” she said in an e-mail.

In October, pump price adjustments stood at a net increase of P1.80 a liter for gasoline, P2.10 per liter for diesel and P1.10 per liter for kerosene.

“Fuel prices also remained stable; global oil prices cooled in October, offsetting any inflationary impact brought by a weaker peso,” Mr. Dacanay said.

In October, the peso performed weaker against the greenback at P58.850 per dollar, slipping by 65.4 centavos from its P58.196 finish at end-September. The peso also hit a new all-time low of P59.13 versus the greenback on Oct. 28.

“Downside price pressures also persisted (in October), the biggest coolant being rice. The price of regular milled rice in Metro Manila remained stable at P39.4 a kilogram despite the ongoing import ban on the grain,” Mr. Dacanay said.

Bank of the Philippine Islands Lead Economist Emilio S. Neri, Jr. said lower prices of meat, fruit and oil could have also prevented further acceleration of inflation.

“Going forward, upside risks to inflation are building as favorable rice base effects fade and the extension of the rice import suspension through yearend adds further pressure,” Mr. Neri said.

President Ferdinand R. Marcos, Jr. had earlier ordered a 60-day suspension of rice imports starting Sept. 1 to support Filipino farmers during harvest season and to stabilize rice prices.

The suspension was originally supposed to end on Nov. 2 but is now expected to be extended until end-2025. The ban applies only to imports of regular milled and well-milled rice.

STICKY CORE INFLATION
Meanwhile, core inflation is expected to remain “sticky,” analysts said.

“That is partly driven by firm inflation expectations and recent wage increases. Further, the peso has weakened broadly since June, feeding through to services and other core components as firms adjust prices to reflect higher costs,” Ms. Tan said.

Core inflation, which excludes volatile prices of food and fuel, slowed to 2.6% in September from 2.7% in August. It averaged 2.4% in the nine-month period, easing from 3.1% in the same period a year ago.

Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said in an e-mail that he expects core inflation to remain near that level in October.

“This stickiness suggests underlying demand-side pressures and second-round effects (e.g., wage adjustments, service costs) are persisting despite low headline inflation. It signals that disinflation is largely driven by volatile items, while structural price components remain firm,” Mr. Asuncion said.

Security Bank Chief Economist Angelo B. Taningco said in an e-mail that core inflation will likely remain elevated in the coming months amid holiday-driven spending.

Meanwhile, Maybank Investment Bank economist Azril Rosli said core inflation may settle between 2.5% and 3% until December.

“(This is due to) holiday season labor market tightening, annual rent adjustment cycles incorporating (year-to-date) inflation expectations, utility cost pass-through to business operating expenses, school year 2025-2026 tuition adjustments continuing to flow through, healthcare cost pressures from pharmaceutical imports affected by peso weakness, and the BSP’s expected continuation of supportive monetary policy,” he said in an e-mailed note.

BELOW 2% INFLATION
Despite emerging risks, analysts still expect full-year inflation to settle below the 2-4% target band of the central bank.

“Looking ahead, inflation is expected to remain manageable, averaging below the BSP’s 2-4% target this year and hovering around the midpoint of the target range next year,” Chinabank Research said in an e-mail.

If the 1.8% median estimate materializes, headline inflation would average 1.7% in the 10-month period, matching the BSP’s goal for the year.

For 2026, the central bank sees inflation accelerating to 3.1%, before slowing to 2.8% in 2027.

“Even with slight upticks in Q4, full-year inflation will likely stay below the BSP’s 2-4% target range, thanks to benign global commodity prices, improved domestic food supply, and policy support and subdued demand conditions,” Mr. Asuncion said.

This expectation gives the central bank room to continue its accommodative monetary policy until yearend and potentially in 2026, analysts said.

“We don’t expect the central bank to deviate much from their planned monetary policy easing path, especially if economic growth remains muted,” Reinielle Matt M. Erece, economist at Oikonomia Advisory & Research, Inc., said in a Viber message.

Last month the Monetary Board cut its benchmark policy rate by 25 basis points (bps) to 4.75%, the lowest in over three years. This brought its cumulative reductions to 175 bps since it began its easing cycle in August 2024.

BSP Governor Eli M. Remolona, Jr. has penciled in another 25-bp cut at the Monetary Board’s last meeting this year on Dec. 11 and potentially more in 2026 as they seek to support the economy amid weak business sentiment due to the flood control scandal.

“Looking beyond December, the BSP could still deliver up to two additional cuts in 1H 2026 if growth continues to run below potential,” BPI’s Mr. Neri said. “The central bank may also align its policy path with that of the Federal Reserve, particularly if markets begin to price in aggressive US rate cuts after Chairman Powell’s term ends in May 2026.”

Last week, the Fed delivered its second 25-bp cut this year, bringing its interest rate to the 3.75-4% range. This brought its cumulative cuts since September 2024 to 150 bps.

However, Fed Chair Jerome H. Powell signaled a pause at their next rate-setting meeting this year, citing risks from the unavailability of economic data due to the ongoing US government shutdown.

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