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What are climate tipping points? They sound scary, especially for ice sheets and oceans, but there’s still room for optimism

STOCK PHOTO | Image by Hiroko Yoshii from Unsplash

As the planet warms, it risks crossing catastrophic tipping points: thresholds where Earth systems, such as ice sheets and rain forests, change irreversibly over human lifetimes.

Scientists have long warned that if global temperatures warmed more than 1.5 degrees Celsius (2.7° Fahrenheit) compared with before the Industrial Revolution, and stayed high, they would increase the risk of passing multiple tipping points. For each of these elements, like the Amazon rain forest or the Greenland ice sheet, hotter temperatures lead to melting ice or drier forests that leave the system more vulnerable to further changes.

Worse, these systems can interact. Freshwater melting from the Greenland ice sheet can weaken ocean currents in the North Atlantic, disrupting air and ocean temperature patterns and marine food chains.

With these warnings in mind, 194 countries a decade ago set 1.5°C as a goal they would try not to cross. Yet in 2024, the planet temporarily breached that threshold.

The term “tipping point” is often used to illustrate these problems, but apocalyptic messages can leave people feeling helpless, wondering if it’s pointless to slam the brakes. As a geoscientist who has studied the ocean and climate for over a decade and recently spent a year on Capitol Hill working on bipartisan climate policy, I still see room for optimism.

It helps to understand what a tipping point is — and what’s known about when each might be reached.

TIPPING POINTS ARE NOT PRECISE
A tipping point is a metaphor for runaway change. Small changes can push a system out of balance. Once past a threshold, the changes reinforce themselves, amplifying until the system transforms into something new.

Almost as soon as “tipping points” entered the climate science lexicon — following Malcolm Gladwell’s 2000 book, The Tipping Point: How Little Things Can Make a Big Difference — scientists warned the public not to confuse global warming policy benchmarks with precise thresholds.

The scientific reality of tipping points is more complicated than crossing a temperature line. Instead, different elements in the climate system have risks of tipping that increase with each fraction of a degree of warming.

For example, the beginning of a slow collapse of the Greenland ice sheet, which could raise global sea level by about 24 feet (7.4 meters), is one of the most likely tipping elements in a world more than 1.5°C warmer than preindustrial times. Some models place the critical threshold at 1.6°C (2.9°F). More recent simulations estimate runaway conditions at 2.7°C (4.9°F) of warming. Both simulations consider when summer melt will outpace winter snow, but predicting the future is not an exact science.

Forecasts like these are generated using powerful climate models that simulate how air, oceans, land and ice interact. These virtual laboratories allow scientists to run experiments, increasing the temperature bit by bit to see when each element might tip.

Climate scientist Timothy Lenton first identified climate tipping points in 2008. In 2022, he and his team revisited temperature collapse ranges, integrating over a decade of additional data and more sophisticated computer models.

Their nine core tipping elements include large-scale components of Earth’s climate, such as ice sheets, rain forests, and ocean currents. They also simulated thresholds for smaller tipping elements that pack a large punch, including die-offs of coral reefs and widespread thawing of permafrost.

Some tipping elements, such as the East Antarctic ice sheet, aren’t in immediate danger. The ice sheet’s stability is due to its massive size — nearly six times that of the Greenland ice sheet — making it much harder to push out of equilibrium. Model results vary, but they generally place its tipping threshold between 5°C (9°F) and 10°C (18°F) of warming.

Other elements, however, are closer to the edge.

ALARM BELLS SOUNDING IN FORESTS AND OCEANS
In the Amazon, self-perpetuating feedback loops threaten the stability of the Earth’s largest rain forest, an ecosystem that influences global climate. As temperatures rise, drought and wildfire activity increase, killing trees and releasing more carbon into the atmosphere, which in turn makes the forest hotter and drier still.

By 2050, scientists warn, nearly half of the Amazon rain forest could face multiple stressors. That pressure may trigger a tipping point with mass tree die-offs. The once-damp rain forest canopy could shift to a dry savanna for at least several centuries.

Rising temperatures also threaten biodiversity underwater.

The second Global Tipping Points Report, released Oct. 12 by a team of 160 scientists including Lenton, suggests tropical reefs may have passed a tipping point that will wipe out all but isolated patches.

Corals rely on algae called zooxanthellae to thrive. Under heat stress, the algae leave their coral homes, draining reefs of nutrition and color. These mass bleaching events can kill corals, stripping the ecosystem of vital biodiversity that millions of people rely on for food and tourism.

Low-latitude reefs have the highest risk of tipping, with the upper threshold at just 1.5°C, the report found. Above this amount of warming, there is a 99% chance that these coral reefs tip past their breaking point.

Similar alarms are ringing for ocean currents, where freshwater ice melt is slowing down a major marine highway that circulates heat, known as the Atlantic Meridional Overturning Circulation, or AMOC.

The AMOC carries warm water northward from the tropics. In the North Atlantic, as sea ice forms, the surface gets colder and saltier, and this dense water sinks. The sinking action drives the return flow of cold, salty water southward, completing the circulation’s loop. But melting land ice from Greenland threatens the density-driven motor of this ocean conveyor belt by dilution: Fresher water doesn’t sink as easily.

A weaker current could create a feedback loop, slowing the circulation further and leading to a shutdown within a century once it begins, according to one estimate. Like a domino, the climate changes that would accompany an AMOC collapse could worsen drought in the Amazon and accelerate ice loss in the Antarctic.

QUESTIONS ABOUT CLOSENESS OF OTHER TIPPING POINTS
Not all scientists agree that an AMOC or rain forest collapse is close.

In the Amazon, researchers recognize the forest’s changes, but some have questioned whether some of the modeled vegetation data that underpins tipping point concerns is accurate. In the North Atlantic, there are similar concerns about data showing a long-term trend.

Other changes driven by rising global temperatures, like melting permafrost, could be reversed. Permafrost, for example, could refreeze if temperatures drop again.

RISKS ARE TOO HIGH TO IGNORE
Despite the uncertainty, tipping points are too risky to ignore. Rising temperatures put people and economies around the world at greater risk of dangerous conditions.

But there is still room for preventive actions — every fraction of a degree in warming that humans prevent reduces the risk of runaway climate conditions. Reducing greenhouse gas emissions slows warming and tipping point risks.

Tipping points highlight the stakes, but they also underscore the climate choices humanity can still make to stop the damage.

THE CONVERSATION VIA REUTERS CONNECT

 

Alexandra A Phillips is an assistant teaching professor in Environmental Communication at the University of California, Santa Barbara.

Peso weakens on concerns over US-China trade spat

BW FILE PHOTO

THE PESO dropped versus the dollar on Thursday due to concerns over renewed trade tensions between the United States and China.

The local unit weakened by seven centavos to close at P58.125 against the greenback from its P58.055 finish on Wednesday, Bankers Association of the Philippines data showed.

The peso opened Thursday’s session stronger at P57.999 versus the dollar. Its intraday best was at P57.98, while its worst showing was at P58.16 against the greenback.

Dollars traded went down to $1.69 billion on Thursday from $1.73 billion on Wednesday.

The peso declined due to market concerns over the trade spat between the world’s two largest economies, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

The US dollar headed for a third straight daily loss against the euro while edging up versus the yen on Thursday, as concerns over US-China tensions and dovish remarks from Federal Reserve officials continued to weigh on sentiment, Reuters reported.

The dollar index, which measures the greenback against six other currencies, was down 0.05% at 98.63, and was on track for a weekly decline of around 0.3%.

Investors were scrutinizing China’s latest expansion of rare earth export controls, a move sharply criticized by senior US officials on Wednesday, who warned that it could disrupt global supply chains.

Amid the tit-for-tat action, US President Donald J. Trump still expects to meet Chinese President Xi Jinping in South Korea this month, US Treasury Secretary Scott Bessent said.

The peso fell on worries that the ongoing corruption scandal could affect the Philippines’ credit rating, a trader said in an e-mail.

Finance Secretary Ralph G. Recto earlier said that S&P Global Ratings was set to upgrade the country’s credit rating this year if not for the widening scandal involving state infrastructure projects.

The controversy, which involves “ghost” projects and fund misuse in government flood control programs, has triggered investigations by Congress, the Commission on Audit, the Ombudsman, and the Independent Commission for Infrastructure.

For Friday, the trader said the peso could depreciate further as strong earnings reports from US major banks could boost the greenback.

The trader sees the peso moving between P58 and P58.25 per dollar on Friday, while Mr. Ricafort said it could range from P58.05 to P58.25. — Aaron Michael C. Sy with Reuters

DoLE sends out work-safety notice to employers after Cebu, Davao earthquakes

PHILSTAR FILE PHOTO

THE Department of Labor and Employment (DoLE) said companies need to strengthen their occupational safety and health programs in the wake of two strong earthquakes that hit Cebu and the Davao region.

In an appearance on DZMM on Thursday, Labor Secretary Bienvenido E. Laguesma said companies must implement occupational safety and health standards, including mandatory safety drills, hazard assessments and working in coordination with local government units.

“We must ensure no one works in unsafe conditions — workers labor to live, not to be put in danger,” he said.

He also reminded employers that under Labor Advisory No. 17, Series of 2022, workers cannot be forced to report for duty if their safety is at risk during natural disasters or weather disturbances.

Employees who have worked for more than six hours before being sent home must be paid in full, while those who put in less than full hours are entitled to prorated pay.

He also urged companies to establish professional safety programs led by trained safety officers to ensure orderly evacuation and the immediate inspection of structural integrity before workers return to buildings after a quake.

On Sept. 30, a magnitude 6.9 earthquake struck northern Cebu, about 19 kilometers northeast of Bogo City, at a depth of around five kilometers.

It left 72 people dead, hundreds injured, and thousands of homes damaged. More than 8,000 aftershocks were reported in the days that followed, and caused ground subsidence and sinkholes.

On Oct. 10, a pair of powerful quakes rocked Davao Oriental in southern Mindanao.

The first tremor, initially recorded as magnitude 7.6 and later revised to 7.4, was followed by another quake measuring around 6.7 to 6.8 hours later.

The epicenter was located off Manay, Davao Oriental, at a depth of roughly 23 kilometers. The doublet caused landslides, infrastructure damage, and casualties across the region, with more than 1,100 aftershocks recorded afterwards.

Mr. Laguesma encouraged employers to require face mask use in offices following a rise in flu and pneumonia cases that prompted several schools to suspend classes.

“If it will help reduce infections. We support it. Health and safety should go hand in hand,” he said.

The Department of Health, through Secretary Teodoro J. Herbosa, has clarified that although reports of influenza-like illnesses (ILI) are rising in public schools in Metro Manila, the increase reflects the normal seasonal flu pattern — not an outbreak.

Mr. Herbosa noted that the number of ILI cases logged from January to September (121,716) was actually 8% lower year on year.

He said the current totals have not surpassed the threshold needed to declare an epidemic. — Chloe Mari A. Hufana

ALI allocates P323M to Taguig premium condominium

AYALALAND.COM

AYALA LAND, INC. (ALI) has earmarked P323.36 million from the proceeds of a block sale of AREIT, Inc. shares to fund the expansion of its 364-unit Garden Court Residences in Taguig City.

In a stock exchange disclosure on Thursday, ALI said the funds were used between July and September for the premium mid-rise development under its Ayala Land Premier brand.

The two-hectare project features five towers around a 6,000-square-meter (sq.m.) courtyard, offering units ranging from 68 sq.m. to 261 sq.m., with prices starting at P25.8 million.

Garden Court Residences is designed with high ceilings, expansive windows, and balconies, and includes amenities such as garden lobbies, sky gardens, a sky gym, social hall and deck, and swimming pools. The project is accessible via the South Luzon Expressway (SLEX) and C-5 road.

As of end-September, ALI said P165.27 million from the net proceeds remains available for future projects.

In July, the company raised P489.36 million from a block sale of 12 million AREIT shares.

For the first half of 2025, ALI posted an 8% increase in net income to P14.2 billion, while property development revenue rose 0.77% to P52.3 billion.

On Thursday, ALI shares closed flat at P23.10 each, while AREIT shares gained 1.83% to P44.50 apiece. — Beatriz Marie D. Cruz

Stuff to Do (10/17/25)


Catch the PPO’s cello concert

THE NEXT CONCERT of the Philippine Philharmonic Orchestra (PPO) will feature cellist Tomasz Strahl as the guest. It will also see the world premiere of Jeffrey Ching’s Creation Fugue and Arctic Chase, along with Schumann’s Cello Concerto in A minor, and Lutosławski’s Concerto for Orchestra. Under the baton of Grzegorz Nowak, the concert will take place on Oct. 17, 7:30 p.m. at the Metropolitan Theater in Manila. Tickets are available via TicketWorld.


Enjoy the bar takeover at Grand Hyatt Manila

ON OCT. 17 and 18, The Peak at Grand Hyatt Manila will host a special guest behind the bar: Wayan Agus Wiyantara, beverage manager of Alila Seminyak in Bali, Indonesia. Known in the industry as “Mr. Mustacho,” Wiyantara, or “Wi,” is acclaimed for his inventive and sustainable approach to cocktail creation. He has earned recognition for his work at Seasalt, the signature bar of Alila Seminyak. Under his leadership, Seasalt’s cocktail program underwent a bold transformation, introducing a pioneering zero-waste initiative that reimagines ingredients and techniques to minimize environmental impact while delivering exceptional flavor and creativity. During his two-night bar shift at The Peak, he will present a curated menu of cocktails that reflect his commitment to sustainability, innovation, and Balinese heritage. This event is part of his ongoing series of international collaborations, which have included bar takeovers and joint events with luxury properties such as Park Hyatt Jakarta. Guests can enjoy the following featured cocktails, available for P650 and at a special offer of two for P1,018+: Coco Pandan Nectar (Volcan Blanco Tequila with Coconut Malibu, lemon, and coco pandan sodas), Tropical Highland (Glenmorangie 12 Years Scotch paired with homemade tropical land sodas), Emperor’s Sour (Hennessy V.S. with lemon and a homemade emperor cordial), and Luneta Blossom (Belvedere Vodka, calamansi, lemon, betel cordial, and betel oil). Guests can experience his zero-waste cocktails at The Peak, Grand Hyatt Manila on Oct. 17 and 18 from 7 p.m. onwards. Live DJ entertainment courtesy of the venue’s resident acts will complement the drinks. For more information on the hotel, visit www.grandhyattmanila.com.


See some German movies

THE German Film Festival, known as KinoFest, returns this year to the Red Carpet Cinemas in Shangri-La Plaza mall. This year’s edition, ongoing until Oct. 19, features eight contemporary German films and five Filipino short films. The program spans a range of genres and styles, exploring themes of memory, belonging, and care — and how cinema connects cultures across perspectives and histories. Tickets are free on a first-come, first-served basis. Tickets may be claimed at the KinoFest booth near the mall’s Cinema 3 starting one hour before each screening.


Watch Anino sa Likod ng Buwan

IDEAFIRST LIVE, the theater arm of IdeaFirst Company, will be presenting filmmaker Jun Robles Lana’s award-winning play, Anino sa Likod ng Buwan, from Oct. 17 to Nov. 9. The play was initially staged 30 years ago and last staged in March this year. This time, it will be performed at the PETA Theater Center in Quezon City. Set in a remote village in the rebel-wracked countryside of the 1990s, it revolves around the relationship of a couple and a soldier. The play is directed by Tuxqs Rutaquio, and stars Martin del Rosario, Elora Españo, and Ross Pesigan. Tickets are available through Ticket2Me.


Watch contemporary dance at Areté

MARI DANCE, in partnership with Areté at the Ateneo de Manila University, is presenting “A Dance in a Day in a Dance,” a contemporary dance production running this weekend until Oct. 19. It features original works by award-winning choreographer JM Cabling that tackle the collective stories of contemporary dance artists. His homegrown students will star, alongside two dancers who are making their return to the Philippine stage: Al Garcia coming from Taiwan, and Katrene San Miguel coming from Hong Kong. Tickets are available via Ticket2Me and this direct link: bit.ly/a_dance_2025.


Shop for pet products, join a pet fashion show

THE Shopwise pet fair titled “Pawp-Up” is taking place this weekend, until Oct. 19 at Gateway Mall 2’s Quantum Skyview on Upper Ground B of the Gateway Mall, Cubao, Quezon City. The three-day event offers affordable deals for a wide array of pet products. On Oct. 19 at 2 p.m., pet parents are invited to join the Shopwise pet fair fashion show, where pets can strut the runway in hip pop culture costumes.


Enjoy the Dedma twin bill again

THEATRE TITAS is bringing back its twin bill Dedma, last staged in April, on Oct. 17 to 26. It is made up of two plays — Let’s Do Lunch (directed by Maribel Legarda) and The Foxtrot (directed by Paul Alexander Morales) — both penned by Theatre Titas Co-founder Chesie Galvez-Cariño. It follows members of Manila’s elite whose beautiful pretenses are mixed with ugly truths. The play runs at the Mirror Studio Theatre 2, with 8 p.m. performances Fridays through Sundays and 3 p.m. matinées on Saturdays and Sundays. Issa Litton, Ash Nicanor, Naths Everett and Mayen Cadd star in Let’s Do Lunch while Royce Cabrera and Jackie Lou Blancostar in Foxtrot. Tickets are available through Ticket2Me.


Enjoy Song of the Fireflies at Ayala Museum

AS PART of the “Pamanang Pilipino” program, Ayala Museum is holding a film screening of Song of the Fireflies, with select shows set to have talkback sessions afterwards. The film tells the origin story of the world-renowned Loboc Children’s Choir, founded by teacher Alma Taldo in the 1980s. It stars Morissette, Rachel Alejandro, Noel Comia, Jr., and Krystal Brimner. The film also features original music by Krina Cayabyab, Louie Ocampo, Raimund Marasigan, Jazz Nicolas, and National Artist for Music Ryan Cayabyab. The screenings take place on Oct. 17, and 18, at 2 and 5 p.m. Tickets range in price from P150 to P300 depending on student, senior, or PWD discounts.


Listen to jazz music at The M

TO RING in the holiday season, the Metropolitan Museum of Manila (The M) is holding a jazz concert, The M Concert Hour: Jazz in Time for the Holidays, on Oct. 18. It will feature saxophonist Roxy Modesto, accompanied by guitarist Tim Cada. Their setlist will include soulful tunes as a warm-up for the holidays. The museum’s all-access pass, priced at P550, is good for the concert as well as access to the exhibitions on view. It starts at 4 p.m. at the second floor foyer of The M in Bonifacio Global City, Taguig.


Drink beer at Forbes Town street party

FORBES TOWN in Bonifacio Global City is hosting its first-ever street party titled “Sip & Soirée: Beer Fest Night.” The Oktoberfest kicks off on Oct. 18, from 4 to 11 p.m. along Forbes Town Road. The event is set to have premium brews, live DJ performances, interactive beer games, and lively street activities.


Catch Sandwich at Newport World Resorts

NEWPORT WORLD RESORTS is kicking up the energy at Bar 360, located at the ground floor of the Newport Garden Wing, with the launch of the NITE LIVE concert series. It kicks off on Oct. 18, 10:15 p.m., with a headline performance by Sandwich, one of the most iconic names in Filipino rock, preceded by a set by Sugar High at 8 p.m., and followed by a set by Angelo Miguel at 11:30 p.m. The series will continue with Juris on Nov. 29 and Duncan Ramos on Dec. 13. Guests can catch these live performances for a minimum cover charge of P2,000, fully consumable on Bar 360’s menu of food and drinks.


Catch The Bodyguard The Musical

THE BODYGUARD THE MUSICAL — 9 Works Theatrical’s latest production — runs until Oct. 19. It is an adaptation of the 2012 stage musical with a book by Alexander Dinelaris, which in turn was based on the 1992 film The Bodyguard with songs by Whitney Houston. Directed by Robbie Guevara, and with musical direction by Daniel Bartolome, it will be the first theater production staged at the brand-new Proscenium Theater in Rockwell, Makati City. Telling the story of a musical superstar and her bodyguard as their relationship develops while she is under threat, the musical features West End stars Christine Allado and Matt Blaker as the leads, alongside Sheena Palad, Elian Santos and Giani Sarita, Tim Yap, John Joven-Uy, Vien King, Jasper Jimenez, CJ Navato, Paji Arceo, and Radha. Tickets are available at TicketWorld.


Explore the conflict in Gaza with Japanese performance

THE Japan Foundation, Manila (JFM) will present a program titled IKUSAMONOGATARI II: Stories of Battle in Gaza on Oct. 20, 21, 23 and 25 in Manila, Davao, and Cagayan de Oro. JFM will present a unique chronicle of the conflict in Gaza as told through traditional Japanese music and storytelling. The performance aims to explore the shared human experiences of grief, hope, and impermanence across cultures and generations. Register via this link: https://bit.ly/storiesofbattle.


Bring the kids to Rep’s Wonderland

REPERTORY THEATER for Young Audiences presents the fantastical world of Alice in Wonderland every weekend until Dec. 14. Based on the book by Lewis Carroll, with music and lyrics by Janet Yates Vogt and Mark Friedman, it is directed by Joy Virata and Cara Barredo. As Alice follows the rabbit into Wonderland, the production highlights audience participation with kids in attendance. It runs at the REP Eastwood Theater in Quezon City. For ticket inquiries and showbuying opportunities, message REP’s pages @repertoryphilippines, call 0962-691-8540 or 0966-905-4013, or e-mail info@repphil.org or sales@repphil.org.

The creative attitude

STOCK PHOTO | Image by Pikisuperstar from Freepik

Creativity is a quality, an attitude “to cause to come to existence.” One can develop it when he opens his mind to all the possibilities. There is more than one correct answer. There may be a hundred ways to find a solution. We need to appreciate life and see it from different angles.

A photojournalist once wrote, “Creativity is looking at the ordinary and seeing the extraordinary.”

It does not belong exclusively to the realm of artists, musicians, and writers. Scientists, teachers, businessmen, students, parents can develop and possess a creative attitude if only they would take a fresh and profound look at everyday experiences see beyond the ordinary.

A National Geographic veteran freelance photographer Dewitt Jones had a third eye on capturing images of nature. Through his videos and photos, he shared his fresh perspective beyond the ordinary. He explained, “It is passion that gives us the energy to creatively tackle the challenges before us.”

A vision can materialize with passion, solid technique, and craftmanship. This applies to daily life.

A burst of creativity does not always come as a flash of lightning. Creative inspirations may come from persistence, hard work, and the determination to challenge ourselves. Working within certain time constraints and limited resources, we are forced to be creative in our work and our relationships.

Life is satisfying if we strive to tap our potential; to achieve creativity.

The key concepts:

1. The ability to look at the ordinary and see the extraordinary. Our vision comes to life if we open our minds, apply our knowledge and venture beyond what is expected.

2. Focus and balance are always changing. We should remember that change is constant, and we should adjust and be flexible.

3. Every act can be creative. Everyone has this innate ability. Educators make lesson plans. Students write theses. Scientists discover formulae and vaccines. Entrepreneurs plan new businesses. Executives create new strategies. Artists create masterpieces — paintings, musical compositions, poems, films, books, dances and other art forms.

4. Creativity is a matter of perspective. See life from different angles. We should transform the way we look at things. We need to change our old ways of thinking.

5. Reframe problems into opportunities. See the world with a sense of abundance rather than scarcity. Look at the positive. Recognize but downplay the negative.

6. Think outside the box. Take risks. Don’t be afraid to make mistakes.

7. In the search, go to the edge.

8. Learning never stops. The world’s greatest pioneers and achievers made innumerable mistakes. They did not become successful overnight. We should continually ask, “What can we learn from the mistake? How can we make things work?”

9. Break the pattern. Patterns and systems are important because they provide us with guidelines. But we should remember that patterns can become prisons.

10. Train your technique. Know how to do things properly. Master the craft. Be prepared for opportunities to use your technique.

11. Balance emotions and intellect. Care about the work you do and about the people you work with. Show them that their work contributions are valuable.

The great Renaissance artist Michelangelo was once asked what motivated him to create a sculpture. “I saw an angel in the stone and carved to set it free,” he replied. He saw beyond the marble slab. He had a vision and strove to replicate it in a material sense. We may not have the touch and artistry of the master. We all have the unique talents and the innate sense to see beyond the physical limitations of the mundane. Taking a risk is the first step to creativity.

On another level, here are some thoughts from the book The Fifteen Principles of Deep Creativity by renowned psychologist Dr. Jennifer Leigh Selig.

“We chose the word principles to suggest our fundamental thoughts, the underpinning of the union of depth psychology and creativity.

“These are themes rather than definitions; these are convictions rather than truths; these are perspectives rather than facts. They are the way we see the creative world and our place within it, and we offer that vision to you.”

1. Deep Creativity is idiosyncratic. We are each unique and our creativity is heightened when we express our individual voice and vision.

2. Archetypal.

3. Alchemical. We transform ourselves as we create the world anew and renew the world as we recreate ourselves.

4. Receptive. We breathe in the world, taking everything in, opening ourselves to the grace of inspiration.

5. Responsive.

6. Emotional.

7. Healing. Our creative acts may heal ourselves, when we share our creative products, they may be healing or others.

8. Aesthetic.

9. Autonomous.

10. Attentive.

11. Mysterious.

12. Participatory. Call it God… the gods or goddesses. Call it the Muse, the Force, the Source, the Universe. It creates along with us. We do not create alone.

13. Reciprocal.

14. Embodied. When we come to creativity, we come with our senses, and we come to our senses.

15. Ensouled.

 

Maria Victoria Rufino is an artist, writer and businesswoman. She is president and executive producer of Maverick Productions.

mavrufino@gmail.com

How corruption shrinks market value

I want to begin by laying out something stark: when news broke of the mess surrounding flood control projects, people claimed the Philippine Stock Exchange lost as much as P1.7 trillion in market value. But that number was later adjusted. The SEC eventually said the real damage was closer to P185 billion wiped out in market capitalization. The initial shock, however, lingered — and investors reacted harshly.

When corruption seeps into public works or governance, capital markets tremble. I’ve watched this play out, not just here, but across many nations. The logic is simple: trust collapses, risk perceptions rise, investment slows, valuations shrink. Let me walk you through how that works, and how others have experienced it.

At the firm level, corruption acts like a tax. When corruption seeps into a system, companies often find themselves forced to grease palms or wait endlessly for unclear approvals. Some play favorites to get things done. All of this eats away at their earnings and clouds the business climate. Investors, seeing how messy the process has become, start worrying about where their money will actually end up. They start pricing in more risk and expecting larger profits to justify it, which pushes share values down. Some companies even think twice about going public because the process becomes mired in hidden costs and questionable dealings.

A study by Chowdhury et al. explores “Corruption and Stock Market Development” and finds that in developed economies, lower corruption correlates significantly with larger stock markets (as a share of gross domestic product). But interestingly, in many developing economies the effect is weaker or not statistically significant. The reason, the authors argue, is that in poorer countries, baseline productivity is low and corruption is already severe — so a small improvement doesn’t move the needle much.

Other research backs the idea that corruption leads to lower stock returns and higher volatility. Lakshmi and her team looked into market data covering the years 1995 to 2014 and found a clear pattern: when corruption takes root and institutions lose strength, stock prices tend to suffer. Krishnamurti’s work on “Corruption risk and stock market effects” shows that when firms are disclosed to have low corruption risk, markets tend to reward them with lower volatility and better liquidity.

I also like the paper titled “Corruption and Trust: Evidence from Stock Market,” which looks at how misconduct in one firm spill over to its industry peers. When investors see corruption in a firm from a country already perceived as corrupt, they punish other firms from the same country — especially smaller ones or those with weaker oversight. That contagion effect adds another layer: corruption is not just bad for one company; it drags down sectors and even markets.

Across borders, corruption deters foreign capital. A classic study by Javorcik and Wei finds that in emerging markets, corruption erects an invisible barrier: foreign investors shy away, choose local partners (even if less efficient), or scale back investment entirely. That weakens capital inflows, decreases competition, and limits growth potential in capital markets.

I’ve seen this in practice in countries like Nigeria, Brazil, or India during episodes of institutional breakdown. Trust vanishes, capital flees, initial public offerings dry up, and market participants retreat to safer assets. Even in advanced systems, corruption has bite. In the United States, one study showed that corruption within politics still eats into company value, even in markets known for competition. What helps reduce the damage, though, are solid watchdogs, open reporting, and consistent oversight that keep players in check.

The issue with the flood control projects in the Philippines showed just how quickly confidence can collapse. As soon as stories about misuse of funds surfaced, many traders got jittery. They began to doubt whether government projects were being handled with any care. The worry didn’t just sit with company heads; it quickly spread to the trading floor. Traders began letting go of their shares, fewer deals were made, and prices kept sliding. The P185 billion lost wasn’t an estimate on paper — it was real money, disappearing as people watched. The earlier talk of a P1.7-trillion loss may have caught attention, but the real damage was quieter and deeper: investors lost faith, and that’s the hardest thing to rebuild. Investors now question the integrity of infrastructure spending; some may demand higher risk premiums or simply hold back.

One more point: corruption undermines disclosure and information flow. If regulators, auditors, or courts are compromised or slow to act, then financial statements lose honesty. Investors discount them heavily or avoid those markets altogether. When facts become blurred and data can’t be trusted, the very role of capital markets — to guide funds to where they create the most value — starts to break down.

Corruption leaves scars that show up fast. It forces firms to spend more just to survive, pushes investors to demand better returns or pull out entirely, scares off capital from abroad, and chips away at the trust that holds markets together. We’re watching that happen here at home. The P185 billion lost in value is not just a number on paper — it’s the cost of faith slipping away from our financial system.

The views expressed herein are his own and do not necessarily reflect the opinion of his office as well as FINEX.

 

Reynaldo C. Lugtu, Jr.is the founder and CEO of Hungry Workhorse, a digital, culture, and customer experience transformation consulting firm. He is a fellow at the US-based Institute for Digital Transformation. He is the chair of the Digital Transformation: IT Governance Committee of FINEX Academy. He teaches strategic management and digital transformation in the MBA Program of De La Salle University. The author may be e-mailed at rey.lugtu@hungryworkhorse.com

Early release of bonus to a worker in need

A longtime supervisor is requesting that management release of his 13th month pay and performance bonus early. He needs the money to pay for the hospital expenses of his spouse. The HMO benefit is not enough to cover the treatment. Could you help HR in making an intelligent decision? — Twinkle Tony.

It happens every year starting from the “ber” months and long before Christmas jingles fill the air, especially at shopping malls. Then, out of the blue, one employee quietly knocks on HR’s door, asking if they could get their yearend bonus pay and performance bonus a little earlier. ​

This time, it’s not about shopping or travel plans — it’s for medical treatment, a family emergency, a hospital bill that won’t wait until December. Should HR’s compassion override policy? How?

Presidential Decree No. 851 gives all rank-and-file employees in the Philippines 13th month pay. The law requires that it be released on or before Dec. 24 of every year.

The worker is a supervisor, not an ordinary worker. Whatever, here’s my advice regardless of the employee’s rank. I suggest releasing the 13th month pay in advance for humanitarian as long as it’s properly documented. In fact, it is no different from when companies release half of the 13th month pay in May or June to coincide with school enrollment.

Legally speaking, giving it early to a worker in genuine need isn’t just permissible — it’s humane compliance. In short, you won’t get in trouble with the Department of Labor and Employment (DoLE) for showing a bit of heart. Just make sure you have the paperwork to prove it.

HR’S HEART
In theory, it’s an easy decision. In practice, it’s tricky, especially when the supervisor is asking for both the 13th month and performance bonus, which I suppose is given only to those with an above-average performance for the year.

Also, you must remember that once you grant early release for one employee, others might follow with every imaginable excuse. Someone might suddenly “remember” an ailing grandmother or a dog that needs surgery. Compassion is contagious — but so are bad precedents.

The challenge for HR and management is to balance empathy with performance. You don’t want to appear cold-hearted, but you also can’t afford to turn the 13th month fund and the performance bonus into an on-demand cash advance facility.

That’s why documentation is your best ally with the following procedural steps:

One, require a written request for the early release of the bonuses. Let the worker attach the supporting documents like a hospital estimate or final bill. Ensure that the spouse is the same person who was reported to HR on the date of the supervisor’s first day of work or days after getting married.

Two, analyze the context of the supervisor’s letter. Be critical. Discover loopholes that could make or unmake the early grant of the 13th month bonus. If it’s in order, recommend that top management approve it.

Three, write a letter approving the release. Explain that the early release is to be deducted from the 13th month statutory requirement. To protect the company, emphasize that it’s being done as an exception to the general rule. Better if the CEO co-sign it.

Four, emphasize that such approval should not establish a precedent. You can frame this case as a special circumstance in recognition of his long years of service and above-average work performance.

PERFORMANCE BONUS
This depends on the mechanics of your performance bonus system. This one requires some finesse. Unlike the statutory requirement of 13th month pay, performance bonuses are discretionary and based on the actual performance of employees. That means an average worker could end up receiving no performance bonus at all.

In addition, they’re based on either a long-established company policy, management prerogative, or existing collective bargaining agreement with the supervisor’s union.

Of course, it can be given in advance if management wants to for any reason. Otherwise, you’re under no legal obligation to do so. But if you decide to, make it clear that it’s a humanitarian exception, not a change in policy and may not apply to other supervisors even if similarly situated.

Otherwise, expect next year’s queue at HR to look like a Black Friday sale. If your top management decides to approve its release as well, a wise practice is to record it as an “advance subject to adjustment.” That means, if the performance bonus hasn’t been computed yet, the early payout will later be deducted or adjusted once actual amounts are finalized.

COMPASSION
Beyond legality and paperwork lies the real reason this topic matters: compassion and trust. When an organization shows genuine compassion, employees notice. They may forget last year’s teambuilding theme, but they’ll remember the time their boss released their 13th month early so their immediate family member could get a decent medical treatment.

That’s not just generosity — it’s leadership capital.

People don’t stay in companies because of free coffee or ping-pong tables. They stay because they feel being supported. An early release, when justified, sends the message that management values people more than policies.

Ironically, it often pays off later through stronger loyalty and better performance. In other words, policies should guide people, not guard against them.

 

Join Rey Elbo’s Nov. 14, 2025 public seminar on “Smart Strategies for Dealing with Difficult Workers.” E-mail elbonomics@gmail.com or https://reyelbo.com/contact-us

EEI acquires First Orient for P2.8 billion

EEI.COM.PH

LISTED construction firm EEI Corp. has fully acquired First Orient International Ventures Corp. for P2.8 billion, bolstering its real estate investment holdings.

In a stock exchange disclosure, EEI said it executed a share purchase agreement with KC Land Oriental Pacific Inc. to acquire 100% or 46,805 common shares in First Orient.

First Orient owns 49 hectares of land in Cavite, including Island Cove, a Philippine offshore gaming operator (POGO) hub, and is engaged in acquiring, developing, leasing, and holding real estate for investment purposes.

EEI said the transaction will diversify its revenue streams and add long-term value to its business.

“Real estate development represents a logical and timely progression for EEI. By integrating development into its portfolio, EEI strengthens its competitive position,” the company said.

For the second quarter, EEI reported attributable net income of P18.34 million, down from P59.77 million a year ago, on lower expenses.

Combined revenue for the three months ending June declined 2.66% to P4.03 billion, while total expenses fell 4.6% to P3.73 billion.

At the local bourse on Thursday, EEI shares gained four centavos, or 1.34%, to close at P3.02 each. — Ashley Erika O. Jose

Warner joins race to develop K-drama with Korea streaming deal

WARNER BROS. Discovery, Inc. is entering a race to produce original Korean content by teaming up with one of the country’s biggest media conglomerates, seeking to catch up to early movers Netflix, Inc. and Disney.

Starting early next year, the US media giant will host CJ ENM’s streaming service TVING as a branded content hub on its HBO Max platform across 17 Asian markets, including Southeast Asia, Taiwan, and Hong Kong, the companies said Thursday in a joint statement. The partnership will expand TVING’s international footprint while helping Warner strengthen HBO Max’s regional presence.

The US streaming giant has been aggressively launching its HBO Max service in Asia through partnerships with local platforms. Its strategy to catch up with rival platforms Netflix and Disney+ comes as the Asian market shows relatively strong growth in subscriptions, with particular affection for Korean content.

“K-content captivates audiences everywhere with its creativity and originality,” said Miky Lee, vice-chairwoman of CJ Group. “Together, we will deliver authentic narratives that transcend borders on a platform where fans can discover new favorites, revisit timeless classics and experience the best in global content.”

For CJ ENM, South Korea’s largest drama production house, the deal is a major step forward in its global ambitions. Its subsidiary Studio Dragon found worldwide success with hit series including The Glory and Queen of Tears. But local streaming platforms like TVING have struggled to profit from the boom. Founded in 2020, TVING is also moving ahead with a planned merger with rival Wavve, owned by SK Group, to create Korea’s biggest streaming platform with nearly 10 million combined monthly active users. — Bloomberg

OpenAI’s pivot to porn is problematic — but lucrative

STOCK PHOTO | Image by Goonerua from Freepik

By Parmy Olson

WHEN you’re building artificial intelligence (AI) to benefit humanity, you might have to compromise. AI is expensive, so you raise billions of dollars from investors like Microsoft Corp., Nvidia Corp., and the United Arab Emirates. As you strive to build super-intelligent computers that will cure cancer, you also need to make money for your backers. So, after pitching your powerful chatbot technology to businesses, who struggle to make it useful, your next option may be monetizing your enormous user base of 800 million weekly visitors — with a sex bot.

That’s the ignoble trajectory of OpenAI under Sam Altman, who’s made a career of justifying opportunistic business moves — like inflating the AI bubble with circular dealmaking or releasing a TikTok clone — with the promise that his tech will eventually, one day, solve intractable human problems. There’s little evidence that OpenAI’s systems will do that, but in the short term it can make some money, especially with erotic roleplay.

This December, ChatGPT will be imbued with more personality and the ability to engage in “erotica” with verified adult users, Altman brazenly announced on X. The news was met with some repulsion on X but celebrated on Reddit, where many ChatGPT users have spent the last two years sharing tricks for jailbreaking the bot to sext with it.

OpenAI has batted off criticism that its bot causes mental health problems and dependency, and was recently sued by the parents of a teenage boy who followed instructions on the bot to die by suicide. Altman said, with no further explanation, that those mental health risks had now been “mitigated” and it would relax ChatGPT’s restrictions “in most cases.”

Chatbot romance was around for years before Altman brought ChatGPT to the world in November 2022, and it’s a confirmed money maker. Replika launched in 2017 as a friendship bot — until most of its users started treating it like a virtual girlfriend or boyfriend and its growth soared. Elon Musk’s Grok, a chatbot made by his company xAI, counts two hyper-sexualized manga characters as its main draw for users.

Ads for AI girlfriends have swarmed Facebook and Instagram, and a recent study by academics from Oxford and Cambridge Universities found that the 110 most popular AI companion apps were “overwhelmingly designed around heterosexual male fantasies.” In aggregate, those dating-themed AI chatbots captured 88 million monthly visits globally (more than the 75.8 million visits that social media platform Bluesky gets), a conservative estimate that didn’t include popular, general-purpose companion apps like Character.ai. (Character.ai, which had around 20 million monthly users earlier this year, had also been heavily used for sexual role-play up until the company recently put new restrictions in place.)

The makers of ChatGPT will have noticed this phenomenon. Roughly 30% of the prompts being typed into general purpose AI assistants including ChatGPT are romantic or sexual in nature, according to Lauren Kunze, chief executive officer of San Francisco-based AI chatbot company ICONIQ.

What’s with the appeal? Kunze, who’s been in the chatbot space for 20 years and recently launched a virtual astrologist called Celeste, suggests there might be an evolutionary drive in humans to evaluate any seemingly sentient being as a potential mate. And historically, porn has driven mainstream tech adoption.

“The consumer demand is overwhelmingly there,” she says. Chatbot companies that don’t allow pornographic content often find it harder to stay in business. When Replika banned sexual roleplay in February 2023, its user numbers dropped from the single-digit millions to the hundreds of thousands. Character.ai also saw a usage drop when it did the same earlier this year.   

Altman himself seems to have tried to resist all this. Here’s him on Cleo Abram’s podcast two months ago (and the specific clip is here):

Altman: There’s a lot of short-term stuff we could do that would, like, really like juice growth or revenue or whatever and be very misaligned with [our] long-term goal… Sometimes we do get tempted.

Abram: Are there specific examples that come to mind?

Altman: Well, we haven’t put a sexbot avatar in ChatGPT yet.

Abram: That does seem like it would get time spent.

Altman: Apparently it does.

“Time spent” is a metric used by social media developers to gauge the stickiness of an app. OpenAI’s pivot to erotica points to an uncomfortable truth about the state of AI today — that for all its promise to transform industries and uplift civilization, the easiest way to commercialize it is still through the basest human instincts. Altman’s vigorous dealmaking has left him with few qualms about chasing them.

BLOOMBERG OPINION

Bitget Wallet launches crypto card

BITGET WALLET

BITGET WALLET has launched a card in the Philippines and other select Asia-Pacific markets that will let users pay using cryptocurrencies.

The Bitget Wallet Card lets customers spend their cryptocurrencies by connecting self-custodied digital assets to Mastercard’s and Visa’s partner merchants and networks.

“Launching the Bitget Wallet Card in Asia-Pacific is a pivotal milestone in our strategy. It strengthens our vision of combining self-custody, compliance, and real-world utility, giving users a single gateway to spend, save, and earn with digital assets,” Bitget Wallet Chief Marketing Officer Jamie Elkaleh said in a statement on Thursday.

The application process for the card is fully digital on the Bitget Wallet App. It can be added to Apple Pay or Google Pay for global acceptance.

Transactions are funded through on-chain swaps and deposits into the USDT and USDC stablecoins, and top-ups are free of charge.

Bitget Wallet said the card will help bridge blockchain-native assets with mainstream finance in Asia-Pacific amid the growing on-chain activity in the region, which refers to transactions recorded and validated on the blockchain.

Citing a study by Chainalysis, it said on-chain activity in the region has reached $2.36 trillion, up 69% year on year.

“The region has become a hub for both institutional stablecoin adoption and retail payments, with Southeast Asia driving remittance flows and developed markets like Japan and Australia demanding transparent, cost-efficient payment solutions,” it said.

Bitget Wallet has over 80 million users and supports over 130 blockchains, 20,000 DApps or decentralized applications, and a million tokens. It also enables multi-chain trading across hundreds of DEXs or decentralized exchanges and cross-chain bridges.

It offers crypto services such as swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. — A.M.C. Sy