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China, Australia keen on stable ties despite tensions, rivalry

PHILEMBASSY.NO

BEIJING — China and Australia on Monday sought to keep ties on an even keel despite tensions over military encounters in the South China Sea and rivalry in the Asia-Pacific region, with Prime Minister Anthony Albanese describing both sides as “friends.”

China is ready to build a more stable and strategic partnership with Australia, Premier Li Qiang told Prime Minister Anthony Albanese on the sidelines of a Southeast Asian summit in Malaysia, according to China’s official Xinhua news agency.

Mr. Albanese visited China in July to mend ties that had been strained to near breaking point under the previous Australian administration, vowing to keep communication channels open and look for areas of cooperation while guarding against “misunderstanding.”

China-Australia relations at present are showing a positive trend, Mr. Li told Mr. Albanese in their meeting in Kuala Lumpur, Xinhua reported.

Last week, both sides traded barbs over an encounter between their militaries in the South China Sea, most of which is claimed by Beijing as part of its territory.

Australia said a Chinese fighter jet dropped flares near one of its patrol planes, prompting Beijing to complain that Canberra was trying to cover up an “intrusion” into Chinese airspace.

“I made the position directly clear that this was an incident of concern for Australia,” Mr. Albanese told reporters after his meeting with Mr. Li.

Australia, in February, also criticized the actions of a Chinese fighter jet as “unsafe and unprofessional,” saying it had dropped flares within 30 m (100 ft) of a maritime patrol plane, also in the South China Sea.

‘FRIENDS’
In the Asia-Pacific region, China has been deepening its influence over Pacific Island nations through trade and diplomacy.

In 2022, Beijing inked a security deal with the Solomon Islands, and a year later it signed a policing agreement.

This month, Australia signed a defense cooperation deal with Papua New Guinea that observers say is aimed at countering China’s growing security presence in the broader region.

Despite the rivalry and military incidents, economic ties have remained stable, with both countries repeatedly calling for free trade and further dialogue.

China is willing to work with Australia in the green economy, high-tech industries and the digital sector, Mr. Li told Mr. Albanese, according to the Xinhua report.

Mr. Albanese said his seventh meeting with Mr. Li showed Australia and China, its largest trading partner, could manage differences through dialogue.

“We have disagreements and friends are able to discuss issues frankly — I did that,” he said. — Reuters

Pioneer champions a people-first approach to insurance

Pioneer Group Head Lorenzo Chan, Jr. (2nd from left) joins panelists from the 5th Asia Finance Forum: Positioning for the Future. From L-R: International Cooperative Mutual Insurers Federation (ICMIF) CEO and Managing Director Sabbir Patel, Financial Regulatory Commission (FRC) of Mongolia Head of Policy and Planning Division Tserendejid Purevjav, ADB Principal Financial Sector Specialist Arup Chatterjee, Ibiza Network Co-Founder and CEO Maria Mateo, and Igloo Co-Founder and CEO Raunak Mehta

Pioneer Insurance is reshaping how insurance works for underserved Filipinos by focusing on accessibility, trust, compassion, and efficient claims settlement.

Speaking at two separate occasions, Lorenzo Chan, Jr., Group Head of the Pioneer Group of Companies, shared Pioneer’s secrets to success in microinsurance. At the Asian Development Bank’s panel discussion on microinsurance and inclusive finance, Mr. Chan cited the important role of regulators and an enabling framework to make insurance more accessible to low-income sectors.

“For this market, accessible and affordable insurance cushions the blow and helps absorb the shock that comes after tragedies. This is the impact and empowerment that inclusion brings,” Mr. Chan said.

He emphasized that while trust remains the foundation of microinsurance, the secret ingredient to earning it is paying claims as soon as possible.

Pioneer’s field operations have been tested in major disasters such as Typhoon Haiyan, where the company deployed teams to affected areas, verified claims with local officials, and distributed cash payouts on the spot, foregoing the usual paperwork delays.

“We pay legitimate claims in days, not weeks. That’s how you build trust,” he said.

Pioneer Group Head Lorenzo Chan, Jr. (2nd from left) joins a panel of international finance experts at the Programme on Regulation and Supervision (PROGRES) Seminar 2025 in Singapore. From L-R: South African Reserve Bank Head of Macrofinancial Vulnerability Division Vafa Anvari; Bank Negara Malaysia Director of Islamic Finance Department Nurul Izza Idris; Grab Director of Public Affairs & Policy Jamie Ko; and Geneva Association Director for Financial Inclusion Kai-Uwi Schanz as the session’s moderator

In another speaking event at the Geneva Association’s 2025 Programme on Regulation and Supervision (PROGRES) Seminar in Singapore, Mr. Chan once again reiterates that every claim moment is a trust-building experience.

Addressing an audience of finance experts and stakeholders, Mr. Chan shared that the company’s approach centers on simplified requirements and prompt claims settlement, building long-term credibility among customers who often view insurance with skepticism.

“Pay claims, build trust, and the rest will follow,” Mr. Chan said. “Insurance is all about showing up when people need you most.”

In 2024, Pioneer recorded over 30 million enrollments and paid over P1.3-billion claims.

 


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Implementing AI policies for education

Crafting an artificial intelligence (AI) policy for schools should be a priority to maximize its benefits in the education sector, according to Majah-Leah V. Ravago, director of INNOTECH Centre.

“When I go around the media, I usually get a negative perception on AI,” she told BusinessWorld in an interview.

“It’s also important to recognize the potential benefits and how we can make AI a tool, especially for teachers,” she added.

The Department of Science and Technology launched on October 13 the first National Artificial Intelligence Strategy (NAIS Ph), outlining the country’s vision for an AI-driven future.

Interview by Almira Martinez
Video editing by Jayson Mariñas

Bacolod City, DOST ink partnership to establish community flood warning systems 

Delegates at the HANDA Pilipinas – Visayas Leg in Bacolod City. — EDG ADRIAN A. EVA

The local government of Bacolod City and the Department of Science and Technology (DOST) signed a partnership on Monday to establish a Community-Based Flood Early Warning System (CBFEWS) in the city. 

The agreement was formalized through a memorandum of understanding (MOU) signed by City Mayor Greg G. Gasataya and DOST Secretary Renato U. Solidum Jr. during this year’s HANDA Pilipinas— Visayas leg held in Bacolod City. 

“Usually, LGU (local government unit) pagkukuha tayo ng data either from Cebu or from Manila [Usually, LGUs get their data either from Cebu or from Manila],” Mr. Gasataya, said during the event. 

“In urban areas like Bacolod, time is very, very important in determining and making solid, data-based, and science-driven decisions.” 

CBFEWS is a cost-effective, easy-to-install, and people-centered mechanism that empowers communities and local governments to monitor flood risks.
It uses real-time data from rain and river levels, collected through monitoring stations placed in flood-prone areas such as river systems and coastal barangays, to send early alerts and give residents ample time to prepare.Edg Adrian A. Eva

GCash finds no evidence of data breach, assures users

Following reports of user data being sold on the dark web posted by a user on the Deep Web Konek online forum on October 26, GCash Has released an official statement today assuring users that their e-wallet funds and user information were not compromised and continue to be safe and secure.

Based on an internal investigation by the company’s cybersecurity experts, GCash has declared that the alleged exposed dataset does not match the data on their internal systems.

Earlier today, the National Privacy Commission (NPC) released a statement on their website stating that they are launching an investigation on the alleged breach. The NPC has advised users to monitor their accounts and practice cybersecurity measures such as regularly changing their MPIN, passwords, and enabling additional security measures.

“We continue to work closely with the BSP, NPC, and CICC to monitor and validate information from all possible sources and ensure that our systems remain protected,” GCash has added in its statement.
The GCash advisory in full:

NO EVIDENCE OF DATA BREACH
Your funds and information are safe and secure.

GCash is aware of an online post alleging that user information is being sold on the dark web.

There is no evidence of any breach in GCash systems. All customer accounts and funds remain secure.

Upon swift investigation of our cybersecurity experts, the alleged dataset does not match data from GCash systems. Additionally, many entries are incomplete, invalid, or do not belong to GCash users.

These findings strongly indicate that the data being circulated did not originate from GCash.

We continue to work closely with the BSP, NPC, and CICC to monitor and validate information from all possible sources and ensure that our systems remain protected.

GCash remains fully committed to safeguarding customer data, strengthening our defenses, and upholding the trust of millions of Filipinos. – EGG

Lawyers for Christ (LFC): How faith, ethics, and advocacy bridge law and morality

In a time when legal battles often seem detached from moral values, a new movement is rekindling the connection between faith and the pursuit of justice. Lawyers for Christ (LFC), founded in December 2024 by Zephaniah “Khalid” Mesa, stands as a testament to how law and spirituality can coexist — not in conflict, but in harmony — for the service of God and the Filipino nation.

Rooted in Faith, Driven by Purpose

For its founder, Zephaniah “Khalid” Mesa, Lawyers for Christ was born out of a deep conviction: that legal practice must go beyond courtrooms and case files. It should mirror the compassion, integrity, and humility that come from walking in faith.

“Law isn’t merely a system of rules,” Mr. Mesa shares. “It’s a ministry — a means to bring light, truth, and healing to society.”

Through LFC, he hopes to unite Christian lawyers who view their careers as both a calling and a mission — to defend justice while upholding Christ-like principles.

Faith as the Foundation of Justice

At the heart of Lawyers for Christ lies an unshakable belief: Jesus Christ is Lord over all — even in the halls of law and governance.

“We are not just lawyers. We are Christian lawyers,” emphasizes Atty. Ronald Tolledo, co-founder and president of LFC. “Our vision is to transform society by grounding justice in biblical truth.”

To Atty. Tolledo and his fellow founders, Lawyers for Christ isn’t simply a professional organization. It’s a fellowship of believers who see the legal profession as a sacred responsibility — to advocate with compassion, lead with integrity, and serve with faith.

Mission and Mentorship

LFC is built upon two guiding pillars:

  1. To uphold justice through integrity and faith.
  2. To mentor the next generation of Christian lawyers.

Though still in its early stages with six founding members, LFC is already cultivating relationships with law students and scholars who aspire to blend excellence in law with devotion to God. By nurturing these young minds early, the organization envisions a new wave of legal practitioners whose moral compass remains steadfast amid challenges.

From Fellowship to Faith-Based Think Tank

More than a community, Lawyers for Christ aims to become a Christian think tank that contributes meaningfully to public discourse. Its members aspire to craft Christ-centered policy proposals and provide faith-based solutions to national issues.

Among its cornerstone initiatives is CARE — Christian Arbitration for Reconciliation and Equity. This program offers an alternative to the traditional court system through mediation grounded in biblical principles, helping disputing parties find peace and reconciliation without hostility.

“In a society where conflicts too often end in division, CARE brings the ministry of healing,” Atty. Tolledo explains. “We are attempting great, if not impossible, things for God — because we believe justice and grace can coexist.”

A Movement of Service and Sincerity

For Mr. Mesa and the LFC founders, true success is not measured by the size of the membership but by the sincerity of each member’s faith and commitment. The group welcomes both practicing lawyers and students who share the same desire — to pursue justice anchored in divine truth.

Lawyers for Christ stands not as another legal association, but as a movement — a higher calling for those who wish to serve both God and the nation.

Join the Mission

As LFC continues to grow, it invites Christian lawyers, students, and advocates who wish to be instruments of justice and faith to join its mission.

To learn more or support Lawyers for Christ, contact 0920-226-0721.

Together, let us build a justice system that reflects not just the law of man — but the love of God.

 


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Monetary Board’s Diokno sees more easing as graft woes weigh

Benjamin Diokno in 2023. Credit: LISA MARIE DAVID/BLOOMBERG

The Philippine central bank may cut its key interest rate again in December and further next year, as the economic fallout from a corruption scandal may linger through the end of 2026, an official said.

“I would expect another 25 basis points cut” at the next meeting in December, Bangko Sentral ng Pilipinas (BSP) Monetary Board member Benjamin E. Diokno said in an interview with Bloomberg Television’s Avril Hong on Monday.

Further rate cuts are possible “maybe sometime next year,” as policymakers assess economic growth and employment data, with inflation under control, according to Mr. Diokno.

The BSP reduced its benchmark interest rate by a quarter point this month as a corruption scandal in the government’s flood-control projects has threatened the country’s economic outlook. Its next rate-setting meeting is scheduled for Dec. 11.

Mr. Diokno, who once helmed the central bank as well as the finance and budget departments, said the economy may “slow down a bit” due to the corruption controversy and trade uncertainties. He said 2026 will be “a transition period” as President Ferdinand Marcos Jr. fixes the problem.

In July, Mr. Marcos exposed corruption in flood-control projects worth billions of pesos. Many of the projects were either substandard or nonexistent, leading to investigations that have implicated key public works officials and several lawmakers, who have denied wrongdoing. The allegations fueled a broad exit by foreign investors in the stock market.

“We will probably be able to recover from this mess by the end of next year. And 2027 and 2028, we’ll be back on track.”, Mr. Diokno said.

The Philippine peso last week fell to its lowest level against the dollar since February. It was little changed at 58.635 at 11:05 a.m. in Manila on Monday. The benchmark stock index was down 1.3%.

Mr. Diokno said the central bank will only intervene in the foreign exchange market if the peso’s weakness affects the BSP’s inflation target range of 2% to 4%. “The BSP does not target a specific rate,” he said. – Bloomberg

Hong Kong court sentences three people to prison over bomb plots in 2019 and 2020

REUTERS

HONG KONG — A Hong Kong court on Monday sentenced three people to prison terms of up to 18 years over three bomb plots in 2019 and 2020.

In September, a jury found Ho Cheuk-wai, 41, Lee Ka-pan, 31, and Cheung Ka-chun, 35, guilty of conspiracy to cause explosions with intent to endanger life or property.

Ho received a sentence of 18 years, while the other two were sentenced to 16 years and eight months.

Judge Johnny Chan said Ho was the mastermind, showed no remorse, and had no grounds for a reduced sentence. Lee and Cheung, he said, were first-time offenders and were each granted a four-month reduction.

“The court must provide sufficient deterrence, so the need for defendant’s rehabilitation is less important than the former point,” Chan said.

“Also, if remorse is limited or superficial, there’s no way to talk about rehabilitation and correction.”

The defendants were accused of planting a homemade bomb in a hospital toilet at Caritas Medical Centre in Kowloon and of placing a bag containing two bombs on a train at Lo Wu station. Both devices detonated, but no injuries were reported.

A group called “92 Sign” claimed responsibility on the Telegram messaging app, saying it wanted medical workers to strike and the government to close the borders to curb the spread of the Covid-19 virus.

They were also accused of planting a bomb near a car park in a residential neighborhood ahead of a memorial event for a student who died during the city’s 2019 pro-democracy protests.

The defendants were tried under the United Nations Anti-Terrorism Ordinance, which was implemented in Hong Kong following a Security Council resolution on countering terrorism.

All the defendants pleaded not guilty to the charges. Five other defendants were acquitted.

The trio appeared calm and smiled as the judge handed down the sentence, while their relatives burst into tears in court.— Reuters

US fighter jet, helicopter crash in South China Sea during routine drills

Image from WIKIPEDIA.ORG

A US fighter jet and military helicopter crashed in the South China Sea on Sunday, during what the US Pacific Fleet described as “routine operations” involving the USS Nimitz carrier strike group.

A two-man F-18 fighter jet and an MH-60R multirole helicopter carrying five crew members “went down in the waters” of the disputed waterway in separate incidents during routine drills by the US Navy’s Carrier Strike Group 11, according to the US Pacific Fleet. All personnel were safely recovered.

“The cause of both incidents is currently under investigation,” it said in a Facebook post on Monday.

The crashes, which happened within 30 minutes of each other, took place in one of the world’s most contested waterways, where tensions between the Philippines and China continue to simmer over contesting sea 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.

The Southeast Asian nation has stepped up efforts to push back against China’s sweeping claims, conducting naval drills with allies including the US as it leans on multinational cooperation to bolster maritime security.

At 1,092 feet, the USS Nimitz is one of the US Navy’s nuclear-powered supercarriers and is built to deploy squadrons of fighter jets on short notice at sea, long-serving as a projection of American military might overseas.

Now in the South China Sea after a three-month stint in the Middle East, the 50-year-old carrier is expected to return to the US for decommissioning following its Asia leg, USNI News reported. — Kenneth Christiane L. Basilio

DigiPlus earns first ASEAN Golden Arrow Award for corporate governance excellence

Representing DigPlus were (from left) Celeste Jovenir (VP of Investor Relations, Corporate Communications and Sustainability), Atty. Carol Padilla (Corporate Secretary), and Atty. Kristine delos Reyes (Chief Legal and Compliance Officer).

DigiPlus Interactive Corp. (DigiPlus), the country’s digital entertainment provider behind BingoPlus, ArenaPlus, and GameZone, achieved a major milestone in corporate governance excellence by earning its first-ever Golden Arrow Award.

The recognition was conferred on Oct. 23, 2025, during the awarding ceremony organized by the institute of Corporate Directors (ICD), the Philippines’ Domestic Ranking Body (DRB) for the ASEAN Corporate Governance Scorecard (ACGS).

DigiPlus received a 2-Golden Arrow Award, one of the five levels of distinction granted to publicly listed companies that demonstrate outstanding corporate governance performance.

The Golden Arrow Recognition is among the Philippines’ most prestigious corporate honors, recognizing companies that lead in transparency, accountability, and integrity.

Anchored on the ACGS framework, it evaluates how effectively organizations uphold shareholder rights, engage stakeholders, promote sustainability, ensure transparency, and maintain strong board oversight in alignment with both local and international governance standards.

“Earning our first Golden Arrow affirms DigiPlus’ commitment to upholding the highest standards of corporate governance,” said DigiPlus Chairman Eusebio H. Tanco. “We are proud to be recognized among the country’s most trusted, publicly-listed companies and remain focused on creating a long-term value for our shareholders, stakeholders, and the customers and the communities we serve by leading with transparency, accountability, and integrity.”

 


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German foreign minister to meet India’s Goyal, NATO’s Rutte after postponing China trip

A German national flag flies atop the illuminated Reichstag building in Berlin, Germany. — REUTERS

BERLIN — German Foreign Minister Johann Wadephul will meet NATO’s Secretary General Mark Rutte, Indian Trade Minister Piyush Goyal and other senior policymakers during a trip to Brussels starting on Monday, a spokesperson for his ministry said.

The visit comes after Wadephul postponed a trip to China, originally scheduled to start on Sunday, because Beijing confirmed only one of his requested meetings, in a sign of rising tension with Berlin over trade and security matters.

During the trip to Brussels, Wadephul will also meet with European Commission President Ursula von der Leyen, EU Trade Commissioner Sefcovic and EU foreign policy chief Kaja Kallas, the spokesperson for Germany’s foreign ministry said.

“The focus of the consultations with representatives of the EU and NATO – the organizations that bring together our most important and closest partners and allies – will be on continued support for Ukraine and European security and defense capabilities,” the spokesperson said.

Another focus of the talks will be international trade issues, including prospects and potential solutions for ensuring a smooth supply of important raw materials, in particular rare earths and computer chips, two areas that are subject to bottlenecks.

India’s Goyal is in Brussels for trade policy talks, the spokesperson said.

The EU and India are working to meet a year-end deadline for signing a free trade pact.— Reuters

EU considers more flexible climate target in hunt for deal, draft shows

STOCK PHOTO | Image by Bruno from Pixabay

BRUSSELS — European Union countries are negotiating proposals to give industries a more flexible path to meeting climate goals, a draft EU document showed, as the bloc attempts to win support from governments for a new 2040 emissions-cutting target.

The EU is negotiating a legally-binding target to cut net greenhouse gas emissions 90% by 2040, and is racing to approve the goal before world leaders gather for the UN’s COP30 climate summit on November 6.

However, months of negotiations have so far not yielded a deal, as some governments have pushed back on green measures, and raised concerns over how to finance the low-carbon transition alongside priorities like defense and revitalizing industries.

A draft EU compromise proposal, seen by Reuters, showed countries have drafted plans that would allow the EU to review the 2040 target every two years – potentially allowing Brussels to weaken the goal in future.

The draft would also fix into law a commitment that if forests absorb less CO2 emissions than expected, or technologies to remove CO2 from the atmosphere develop slower than planned, other industries will not be forced to cut emissions faster to deliver the 2040 goal.

“Possible shortfalls in one sector should not be at the expense of other sectors,” said the draft, dated October 25.

NO CHANGE ON CARBON CREDITS QUOTA
The new compromise reflects demands made by EU government leaders at a summit last week, where they debated the “enabling conditions” needed to meet green goals while avoiding higher energy bills for citizens and supporting businesses grappling with cheap Chinese imports and US tariffs.

EU countries’ ambassadors will negotiate the proposal next week, before their climate ministers attempt to approve the target on November 4.

The draft proposal did not change the 90% emissions-cutting target, nor the 3% of the goal that can be met by buying foreign carbon credits, rather than domestic efforts – although countries are still debating this. French President Emmanuel Macron said last week credits could potentially cover up to 5%.

In an attempt to win over skeptical governments, the European Commission has promised changes to other green measures, including price controls in an upcoming carbon market for transport fuels, as demanded by Poland and the Czech Republic. Brussels is also considering weakening its 2035 combustion engine car ban after pressure from Germany and Italy.

A spokesperson for Denmark, which holds the rotating EU presidency and drafted the document, declined to comment.— Reuters

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