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From digitization to behavior-driven redesign: The new frontier in digital transformation

PAGEONE Group President and COO Vonj C. Tingson

By Vonj C. Tingson

There was a time when “digital transformation” meant simply going online. Forms turned into apps, hotlines became chatbots, manuals were swapped for YouTube tutorials. This was considered progress and it was. In the years to come, such changes are no longer revolutionary. They’re expected. Today, the most successful organizations are not just digitizing; they’re redesigning based on behavior.

Welcome to the era of behavior-driven transformation. In this new phase, companies no longer ask, “How do we digitize a process?” Instead, they ask, “How do people actually think, decide, feel, and behave and how do we design for that?”

This shift means rethinking everything. No longer do we assume users follow logical steps in a funnel. People abandon carts mid-checkout, forget passwords, get overwhelmed, hesitate, scroll erratically, or just close the app out of fatigue. The winners in the future are those who map those emotional and cognitive behaviors and build with them in mind.

From Tech-Led to Behavior-Led

A 2025 IDC report found that 72% of successful digital transformation programs now include behavioral CX designers, a clear signal that companies are investing in cognitive science, psychology, and behavioral data to guide product and service design.

This new generation of designers isn’t just refining interfaces. They’re embedding emotional intelligence into tech. They analyze real usage patterns, identify friction points, and build micro-interventions to gently nudge users forward. Whether it’s a well-timed prompt, a subtle reassurance message, or a simplified path during peak stress, these design cues make technology “feel” human.

Filipino Brands Leading the Behavior-First Shift

Several Filipino brands are embracing behavior-first design; perhaps not always with that language, but certainly with that intent. They are moving beyond digital cosmetics and into cognitive, emotionally aligned systems.

  1. Cebu Pacific: Redesigning for Predictable Anxiety

As a low-cost airline, Cebu Pacific has long prioritized digital access. But in recent years, it has shifted toward designing for behavioral states particularly traveler stress and uncertainty.

When rebooking or refunding during disruptions, for instance, the airline now sends visual progress trackers to show real-time resolution status. This design was implemented after data showed that anxious passengers repeatedly reopened the app or recontacted support, unsure if their request had gone through. The visual cue addressed a psychological need for control and transparency.

Cebu Pacific’s booking interface also uses soft warnings to preempt buyer’s remorse (“Are you sure you don’t want to add check-in baggage?”) and post-booking reassurance emails that anticipate FAQs. These features reflect behavioral sensitivity, not just functional upgrades.

  1. UnionBank: Mapping Financial Behavior, Not Just Flows

UnionBank, long considered a digital banking pioneer, has recently invested in behaviorally intelligent features that support how people budget, save, and spend not just how they transact.

Its app introduces nudges like “Looks like you’ve been spending more on food this week. Want to set a limit?” and automatic savings triggers based on calendar milestones. Instead of assuming users will visit the app with clear goals, UnionBank guides users through common financial behaviors such as emotional spending, forgetting to save, or inconsistent transfers.

They’ve also redesigned their customer support flow to match cognitive load thresholds, prioritizing real-time chat over forms during peak confusion points, like declined transactions or failed fund transfers.

  1. PLDT Home: Designing for Domestic Emotional Contexts

Connectivity is now a household essential. And PLDT Home is tapping into that behavioral reality.

Recognizing that household decision-makers (often parents) manage digital services during stressful moments such as bill due dates, service disruptions, or parental controls, PLDT Home redesigned its dashboard to reflect intent clusters rather than menus. Instead of categories like “Account,” “Settings,” or “Add-ons,” users see prompts such as: “I want to manage data usage,” or “I need help with slow internet.”

They also integrated anticipatory prompts like “School is starting soon — check your WiFi health” to trigger action before frustration hits. The interface reflects not just what people can  do, but what they’re  likely thinking.

  1. Mercury Drug: From Storefront to Behavior-Sensitive E-Pharmacy

Traditionally known for its brick-and-mortar dominance, Mercury Drug has been investing in behavior-informed digital services, especially around medicine purchase and refills.

In its growing e-commerce platform, Mercury now sends adaptive refill reminders based on purchase patterns, not fixed schedules. This addresses the common issue of medicine lapses due to forgetfulness — one of the most human, yet dangerous, behaviors in chronic care.

They’ve also incorporated first-time user flows for senior citizens, simplifying navigation with audio-assisted guides and simplified checkout for essential goods. This wasn’t a UX trend. It was a behavioral decision rooted in empathy and access.

The New Mandate: Behavior is Infrastructure

Behavior-first design is not just a feature: it is infrastructure. If your chatbot can’t detect stress signals, if your checkout doesn’t address cart fatigue, if your onboarding assumes linear logic — you’re building for a version of humanity that doesn’t exist.

Behavioral CX is not just about convenience. It’s about respect. It acknowledges that people bring their own habits, anxieties, triggers, and cognitive styles into every digital interaction.

Beyond UX: Culture Shift Required

This transformation also demands a mindset shift. Digital teams must collaborate with behavioral scientists, data analysts, and customer insight leads. CX must be co-owned by marketing, IT, product development, and customer care. Leadership must stop measuring “number of digitized services” and start measuring friction reduction, completion rates, and emotional impact.

The behavior-first approach also demands humility. It requires brands to admit that the best processes on paper often collapse in the real world. That users won’t always read. That people don’t like starting over. That confusion kills engagement faster than bad design.

Final Word: If It Doesn’t Fit Human Behavior, It’s Not Transformation

If digital systems don’t reflect how people behave, they’re not transformative. They’re decorative. The new standard for Filipino brands is no longer digital access. It’s digital empathy.

As global platforms and local disruptors raise the bar, brands that fail to adapt behavior-first principles risk irrelevance. But those who listen deeply to users, observe patterns with nuance, and redesign systems with empathy will not just survive the digital race — they will redefine it.

 

* Vonj C. Tingson, President and COO of PAGEONE Group, is a prominent figure in the public relations and marketing communications industry having been recognized as one of the top 25 innovators in Asia-Pacific by Provoke Media. His leadership at PAGEONE has also led to numerous awards for the agency, including recognition from the Anvil Awards, Philippine Quill Awards, APAC Stevie Awards, the Sabre Awards, and the Asian PR Excellence Awards.

Why Filipinos keep smiling, even when it hurts

Life is expensive, but joy doesn’t have to be. In this time of soaring prices, when the rest of the world says, “You can’t afford happiness.” Filipinos say, “Watch us find it anyway.”

Because joy, to us, isn’t something we buy, it’s something we make. When there’s no electricity, we bring out the guitar. When onions hit P700 a kilo, we make memes and turn it into a national inside joke. When floods rise knee-deep, we float on a styro box, Bluetooth speaker in one hand, beer on the other.

Across the country, Filipinos are turning to accessible joys, simple things that cost little but mean a lot. A rewatch of Four Sisters and a Wedding because “bakit parang kasalanan ko?” never gets old. A teleserye cliffhanger, a budol finds haul, a piso load to send “ingat ka” to your crush. A P20 spend on an online game that gives just enough of a thrill to carry you through the day.

This is joy in recession. Simple, affordable happiness that fits in our day, in our budget, and in our hearts.

Filipinos spend over nine hours a day online, more than any other country in the world. But it’s not mindless scrolling. It’s connecting and coping. It’s “G na G,” “Sana all,” “Kapit lang,” our digital mantras, typed with humor… but rooted in grit.

“What you’re seeing isn’t escapism, it’s resilience,” says behavioral psychologist Dr. Ana Reyes. “Filipinos use low-cost entertainment, whether it’s a livestream, a TikTok, or a casual game, to anchor themselves. It’s both catharsis and connection.”

This phenomenon isn’t new. All over the world, pop culture has thrived not in times of prosperity, but in crisis. Hollywood was born in the Great Depression. Anime rose from post-war Japan. K-pop surged during Asia’s downturn.

And in the Philippines? When tragedy strikes, culture erupts, loud, proud, hilarious, and heartfelt. Hardship doesn’t cancel joy. It sharpens it. It teaches us to cherish what little we have.

And that’s why simple pleasures, from a livestream karaoke to a quick game played in between shifts, are never just distractions. They’re declarations. They say, “I may be struggling, but I haven’t stopped living.” “Deserve ko ‘to.”

So, when people look at the rise of low-cost entertainment, especially forms that offer a thrill, or a bit of fun for just a peso or two, maybe the question isn’t “Why?” Maybe the real question is, “How could we not?”

In a world that keeps telling us to harden up, Filipinos choose to stay soft. And rightfully so. In the middle of a crisis, we still look for a reason to laugh and to play. That’s the uniquely Pinoy super power. Raw. Real. Ridiculously resilient.

Because for people who’ve sung through brownouts, danced through floods, and cracked jokes in the middle of a heartbreak, chasing temporary, affordable joys is not a luxury. It’s a lifeline. And when the world says, “You can’t afford happiness,” we say, “Kaya pa naman.” “Meron pa rin.” “Meron at meron.” “Padayon.”

 


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Low pressure area intensifies into Tropical Depression ‘Dante’

Source: PAGASA

The low pressure area being monitored east of Aurora has already developed into Tropical Depression “Dante,” according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday.

“At 2:00 PM today, the Low Pressure Area east of Aurora developed into Tropical Depression #DantePH,” PAGASA said in a Facebook post.

In its 4:00 p.m. advisory, the agency reported that Dante was seen 1,120 kilometers east of Northern Luzon, with maximum sustained winds of 45 km/h and gusts of up to 55 km/h. It is moving north-northwestward at 20 km/h.

PAGASA has not yet raised any wind signals, but it said it will begin issuing tropical cyclone advisories starting at 5:00 p.m.

Meanwhile, PAGASA senior weather specialist Rosalie C. Pagulayan said in a phone interview earlier Tuesday that these LPAs or tropical cyclones are likely to strengthen the prevailing Southwest Monsoon, which has been bringing heavy rains over the past few days.

“Kasi pag meron tayong bagyo… nahahatak ang Southwest Monsoon [When we have a tropical cyclone, it pulls the Southwest Monsoon,” Ms. Pagulayan said.

“Ito po yung nagbigay sa atin ng paulan dito sa western section [This is what brought us rain in the western section], which also includes Metro Manila,” she added.

Apart from Tropical Depression Dante, PAGASA is also monitoring two other low-pressure areas, both of which have a ‘medium’ chance of developing into tropical depressions.

The nearer LPA was spotted 170 kilometers east-southeast of Basco, Batanes.

The other LPA, located outside the Philippine Area of Responsibility (PAR), was seen 2,705 kilometers east of Eastern Visayas.

Ms. Pagulayan said that PAGASA will issue updated tropical cyclone bulletins and rainfall advisories from time to time to guide the public.’

“Manatiling nakaantabay sa mga warnings at sa mga impormasyon na ibinibigay ng PAGASA [Stay alert for warnings and information from PAGASA],” Ms. Pagulayan said. – Edg Adrian A. Eva

Grab Philippines donates motorized rescue boats to Marikina LGU, aims to boost disaster preparedness

Grab Philippines officials, led by Managing Director Ronald Roda, formally turned over the donated rescue boats to Marikina City Mayor Maan Teodoro during the city government’s flag ceremony on July 21.

Grab Philippines has donated motorized rescue boats to the local government of Marikina City to support its disaster preparedness and risk management, as the city faces flooding risks due to the southwest monsoon (Habagat) and recent tropical storms, including the aftermath of Severe Tropical Storm Crising.

Alongside the rescue boat donation, Grab Philippines is also providing over 4,000 hot meals to various evacuation centers in the city to support displaced families during this critical time. The donation efforts form part of Grab’s broader community resilience efforts, particularly in areas that are vulnerable to seasonal disasters. Marikina, long known as one of the most flood-prone cities in Metro Manila, has been under heightened alert in recent days. As of the morning of July 22, Marikina River remains on Second Alarm.

The superapp delivers lifeboats and hot meals to Marikina City in aid of the city’s risk management and rescue operations following the onslaught of Tropical Storm Crising.

Grab Philippines Managing Director Ronald Roda shares, “We believe that bayanihan is more than just a Filipino tradition — it is a shared duty we uphold, especially in times of need. We remain steadfast in identifying communities where support is needed most and stepping in with urgency and malasakit. Marikina, long vulnerable to the forces of nature, is one such community. This donation is one way we’re turning that commitment into action.”

Marikina City Mayor Maan Teodoro, in her flag ceremony address, shared, “Taos-puso tayong nagpapasalamat sa Grab Philippines sa kanilang donasyon ng motorized rescue boats. Higit ito sa simpleng kagamitan. Ito ay simbolo ng malasakit at pagtutulungan sa pagitan ng pamahalaan at pribadong sektor tungo sa mas matibay na kahandaan sa panahon ng sakuna. Sana nga po ay hindi na namin magamit o kailanganing gamitin ang mga ito. Pero malaking ginhawa ang malaman na handa tayo kung kinakailangan.”

According to the Philippine News Agency, over 700 families — or nearly 4,000 individuals — have evacuated due to the rising water levels of the Marikina river, with 11 evacuation centers activated across the city. Local authorities continue to monitor water levels closely.

Grab’s donation is expected to bolster the readiness of Marikina’s “Rescue 161” unit, enabling faster deployment in future rescue and relief operations.

 


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Pag-IBIG Fund heeds PBBM’s call, mobilizes calamity loan for members affected by Typhoon Crising

Pag-IBIG Fund has mobilized its Calamity Loan Program to assist members affected by Typhoon Crising, in line with the directive of President Ferdinand Marcos, Jr. to deliver immediate support to Filipinos in disaster-hit areas.

“We are ready to assist our members affected by Typhoon Crising through the Pag-IBIG Calamity Loan,” said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “We continue to closely monitor developments and are prepared to provide immediate aid in areas that may be declared under a state of calamity in the coming days. This is part of our continuing effort in heeding the call of President Marcos to deliver timely relief and support to those in need.”

Under the Pag-IBIG Calamity Loan Program, qualified members may borrow up to 90% of their total Pag-IBIG Savings, which consist of their monthly savings, employer counterpart contributions, and earned dividends. The loan carries an interest rate of 5.95% per annum, the lowest for cash loans in the market, and is payable over a period of up to three years, with a three-month grace period before the first payment is due. Members may file their loan applications within 90 days from the declaration of a state of calamity in their area.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, stated that Pag-IBIG branches are now in coordination with local government units in their respective areas for the deployment of the agency’s mobile branch, the Lingkod Pag-IBIG On-Wheels, to receive applications for loans from members, as well as insurance claims from current Pag-IBIG Housing Loan borrowers whose properties have been damaged due to the typhoon.

“When calamities strike, we at Pag-IBIG understand that our members in affected areas need immediate financial assistance. For this reason, we make sure that all our services and benefits remain accessible to our members. Even while our offices and personnel in typhoon-hit areas have also been affected, our branches remain open and are ready to receive loan applications and housing loan insurance claims. We are also set to deploy our Lingkod Pag-IBIG On-Wheels to initially go around these areas once roads are accessible, to further bring our services closer to our members who are most in need. And, for members who have internet access, the Virtual Pag-IBIG is ready to accept their Calamity Loan applications online. During these trying times, our members can continue to count on Lingkod Pag-IBIG,” said Ms. Acosta.

 


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China’s Q2 smartphone shipments down 2.4%, says Counterpoint

STOCK PHOTO | Image by Martin from Pixabay

 – Smartphone shipments in China were down 2.4% for the second quarter compared with a year ago, Counterpoint Research said on Tuesday.

Apple’s sales in China fell 1.6% year-on-year while Chinese mobile maker Huawei’s sales rose 17.6%, Counterpoint said in a press statement.

Huawei, the top vendor had a shipment share of 18.1%, followed by Vivo, Oppo and Xiaomi. – Reuters

US set to deport permanent residents over alleged support to Haitian gang leaders

JAKOB OWENS-UNSPLASH
Photo By U.S. Department of State – https://www.flickr.com/photos/statephotos/54295399868/, Public Domain, https://commons.wikimedia.org/w/index.php?curid=160957686

 – U.S. Secretary of State Marco Rubio on Monday paved the way for the United States to deport certain lawful permanent residents, saying Washington determined some had supported Haitian gang leaders connected to a U.S.-designated “terrorist” organization.

Mr. Rubio in a statement said certain U.S. lawful permanent residents had supported and collaborated with gang leaders tied to Viv Ansanm, the armed alliance that controls most of Haiti’s capital, Port-au-Prince, which President Donald Trump‘s administration labeled a Foreign Terrorist Organization in May.

Following the determination, the Department of Homeland Security can pursue the deportation of the lawful permanent residents, also known as green-card holders, Rubio added. It was unclear how many people could be targeted for deportation, and no individuals were named in his statement.

The U.S. Department of Homeland Security said late on Monday that its Immigration and Customs Enforcement officials arrested Pierre Reginald Boulos, a lawful permanent resident of the U.S. and citizen of Haiti, over alleged engagement in violence and contribution to “destabilization of Haiti.”

The Miami Herald described Boulos, 69, as “an influential Haitian businessman and controversial political powerbroker” who was an American-born entrepreneur and physician.

The move by Mr. Rubio comes as the Trump administration has sought to ramp up deportations as part of its wide-ranging efforts to fulfill the president’s hardline immigration agenda, with the secretary of state making unprecedented use of his power to try to revoke the visas and green cards of pro-Palestinian student protesters.

“The United States will not allow individuals to enjoy the benefits of legal status in our country while they are facilitating the actions of violent organizations or supporting criminal terrorist organizations,” Mr. Rubio said on Monday.

Stephen Yale-Loehr, a retired immigration law professor at Cornell University, said that prior to this Trump administration, trying to take away someone’s permanent-resident status in this manner was “very rare” but that the administration had shown a willingness to target students.

He said it seemed unlikely that many Haitians would have their green card revoked as a result of the policy because of the difficulty of identifying them and then proving the affiliation in immigration court.

“Three years from now, how many people from Haiti will be deported under this ground? I think very few,” he said.

Haiti’s transitional government did not immediately respond to a request for comment.

Almost 5,000 people have been killed in Haiti between October 2024 and June 2025 amid worsening gang violence nationwide, according to a U.N. High Commissioner for Human Rights report.

 

IMMIGRATION CRACKDOWN

The surge in violence is deepening Haiti’s humanitarian crisis, destabilizing the country and raising concerns of spillover effects in the region.

The gang conflict in Haiti has been met with little international response, while neighboring countries, including the U.S., have continued to deport migrants back to the Caribbean nation despite pleas by the United Nations to stop the practice, citing humanitarian concerns.

Mr. Trump has taken several steps to strip deportation relief and work permits from Haitians in the U.S., although a federal judge earlier this month blocked an attempt to end Temporary Protected Status for more than half a million Haitians.

During his 2024 presidential campaign, Mr. Trump falsely said during a debate that Haitians in Springfield, Ohio, were eating people’s pets.

Washington’s designation of Viv Ansanm and Gran Grif as terrorist groups followed similar measures made recently for Latin American drug cartels and was intended to isolate the groups, denying them access to financing from U.S. people or companies. – Reuters

In South Korea’s ‘apple county’, farmers beg not to be sacrificed for US trade deal

STOCK PHOTO | Image by Alfons Landsmann from Pixabay

 – The apples grown in the South Korean county of Cheongsong in the country’s southeast are so renowned for their flavor that they are often given out in neatly-packaged gift boxes during national holidays.

But apple farmers, who account for about a third of the roughly 14,000 households in the sleepy rural area, worry that their way of life could be under threat from an influx of cheap U.S. imports.

Fanning concerns, South Korea’s trade minister suggested last week that Seoul could make concessions on some agricultural imports, although he said sensitive items should be protected, as part of any deal to eliminate or reduce punishing U.S. tariffs on cars, steel and other key exports.

“U.S. apples are very cheap. We can’t compete with them,” said Shim Chun-taek, a third-generation farmer who has been growing apples for two decades.

He now fears South Korean farmers risk being sacrificed to appease the U.S. and support the country’s manufacturing sector.

The United States has long called for better market access for its farm products from beef to apples and potatoes. U.S. President Donald Trump in April slammed steep tariffs on rice in South Korea and Japan.

South Korea has taken steps to open its market and is now the top buyer of U.S. beef and the sixth-biggest destination for U.S. agricultural exports overall.

Still, Washington has complained about persistent non-tariff barriers.

South Korea’s quarantine agency is still reviewing U.S. market access requests for apples more than 30 years after they were filed, sparking calls by Washington to expedite the approval process for a range of fruits and potatoes.

 

SURGING PRICES

Any opening up of the sector would increase pressure on apple farmers already wrestling with a host of problems, from climate change to an ageing population and wildfires, which have led to rising costs, smaller harvests, and higher prices.

Bank of Korea governor Rhee Chang-yong last year said runaway prices of apples and other farm goods were contributing to inflation and that there was a need to consider more imports.

The central bank noted South Korea’s grocery prices were higher than the average for OECD countries, with apple prices nearly three times higher than the OECD average.

“I think it is difficult to justify absolute protection to certain agriculture sectors simply because of its high sensitivity,” said Choi Seok-young, a former chief negotiator for the Korea-U.S. free trade deal.

It was hard to view the delayed quarantine process as “rational based on science and international norms,” added Choi, who is now a senior adviser for law firm Lee & Ko.

Agriculture has emerged as one of the sticking points in U.S. trade talks with South Korea and Japan, after countries such as Indonesia and Britain agreed to allow more agricultural imports from the U.S. in recent trade deals.

Seoul has long restricted shipments of U.S. beef from cattle older than 30 months. Massive protests from South Koreans worried about safety due to mad cow disease followed a 2008 agreement with the United States to lift the restrictions.

Shim, 48, who wakes at 3 a.m. every morning to work on his orchards, said it would be impossible to find alternative crops to grow in the mountainous area.

The tariff talks have already fueled protests from farmers’ groups. There could be more to come.

“We oppose the imports of apples no matter what,” Youn Kyung-hee, mayor of Cheongsong county, told Reuters, adding that people will not “sit still” if Seoul opens up the market. – Reuters

Heavy rains expected as Tropical Storm Wipha approaches Vietnam’s northern coast

STOCK PHOTO | Image by Bruno from Pixabay

 – Tropical storm Wipha was set to cross Vietnam’s northern coastline on Tuesday morning, with almost 350,000 soldiers on standby as the state weather agency forecast up to 50 cm (20 inches) of rainfall that could cause flooding and mudslides.

As of 06:00 a.m., Wipha was 60 km off the coast of Haiphong City with wind speeds of up to 102 kph (63 mph), and was moving southwest at a speed of 15 kph, according to the national weather forecast agency.

After making landfall in Hung Yen and Ninh Binh provinces, Wipha is forecast to weaken to a low-pressure event on Tuesday night, the agency said.

No casualties or damage have been reported so far. Witnesses in Haiphong, an industrial base that is home to key ports, said the wind and rain were moderate on Tuesday morning.

“We are able to go outdoors this morning as the wind is not too strong,” said a resident of Cat Ba Island in Haiphong.

On Sunday, Prime Minister Pham Minh Chinh put coastal provinces on emergency footing for Wipha, saying it could cause flooding and landslides.

Airlines have cancelled and rescheduled dozens of flights, and some airport, port and train services have been suspended.

With a long coastline facing the South China Sea, Vietnam is prone to typhoons that are often deadly. Last year, Typhoon Yagi killed around 300 people and caused $3.3 billion of damage. – Reuters

Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements

GIORGIO TROVATO/ TOMMAO WANG/UNSPLASH
STOCK PHOTO | By United States Department of the Treasury – https://home.treasury.gov/about/general-information/officials/scott-bessent, Public Domain, https://commons.wikimedia.org/w/index.php?curid=164418338

 – U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and said regulators should consider scrapping a “flawed,” Biden-era proposal for a dual capital requirement structure for banks.

Speaking at the start of a Federal Reserve regulatory conference, Mr. Bessent said excessive capitalization requirements were imposing unnecessary burdens on financial institutions, reducing lending, hurting growth and distorting markets by driving lending to the non-bank sector.

“We need deeper reforms rooted in a long-term blueprint for innovation, financial stability, and resilient growth,” Mr. Bessent said in prepared remarks.

The Trump administration is pursuing a broad reform agenda aimed at cutting rules governing financial institutions, including capital requirements, arguing that such actions will boost economic growth and unleash innovation.

Mr. Bessent said regulators have for too long pursued a “reactionary approach” that has weakened competitiveness and led to byzantine regulations.

The Treasury chief, who earlier on Monday called on the Fed to review its operations to safeguard its monetary policy independence, said the Treasury would take a stronger role in driving reform efforts by regulators, including the Fed.

“To that end, the department will break through policy inertia, settle turf battles, drive consensus, and motivate action to ensure no single regulator holds up reform,” Mr. Bessent said of the Treasury.

 

REDUCING CAPITAL REQUIREMENTS

Banking regulators should consider abandoning the dual structure proposed in July 2023, but never enacted, that would have seen banks comply with the higher of two different methods of measuring their risk capital requirements.

The proposal, which came after the high-profile failure of Silicon Valley Bank and other institutions in 2023, would have significantly increased the amount of capital banks needed to set aside for potential losses. It drew intense opposition from the industry.

“This dual-requirement structure did not derive from a principled calibration methodology. It was motivated simply to reverse-engineer higher and higher capital aggregates,” Mr. Bessent said. “It also was at odds with capital reform as a modernization project because it would have preserved the antiquated capital requirements as the binding floor for many, perhaps most, large banks.”

Mr. Bessent also called for regulatory capital relief not just for large banks but also at the smaller, community bank level. One solution, he said, would be to allow any bank not subject to modernized capital requirements a choice to opt in.

“This would result in a meaningful reduction in capital for those banks,” Mr. Bessent added.

While he said Treasury would prioritize financial regulatory policy that puts American workers first and prioritizes growth, he said regulators needed to carry out statutory mandates for financial safety and stability and consumer protection.

“Rationalizing and tailoring regulation does not have to amount to regulatory weakening,” Mr. Bessent said. – Reuters

Philippines set for first coal power decline in 17 years amid rising LNG use

UNSPLASH

SINGAPORE – The Philippines is on track for an annual decline in coal-fired electricity output for the first time in nearly two decades, an analysis of market and government data showed, driven by rising liquefied natural gas-fired power generation.

The Philippines has the most coal-dependent grid in Southeast Asia but its electricity tariffs, which are not subsidised, are the second highest in the region behind Singapore.

The archipelago’s liberalized market enables power retailers to pivot to LNG, analysts say, unlike in Indonesia and Malaysia, where cheap coal keeps subsidies manageable.

Gas-fired generation surged more than 25% in June year-on-year and rose 5.2% to 10.36 terawatt hours (TWh) in the first half of this year, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.

That helped push the share of gas-fired power output to 17.5% in the first half of 2025, up from a record low of 13.9% in 2023, which was due to depleting reserves at the key Malampaya field, according to government data dating back to 2003.

LNG is expected to meet a rising share of the Philippines’ projected 5% annual growth in power demand over the next decade as coal-fired power output is set to peak in 2030 due to a moratorium on new coal capacity construction, said James Ha, head of research for Asia-Pacific at Aurora Energy Research.

In 2020, the Philippines stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables.
Higher LNG imports will drive annual gas-fired output up by 65% by 2030 from 2024 levels, Aurora’s Ha said.

Philippine consortium LNGPH signed the country’s first long-term LNG deal in March with global trader Vitol, doubling down on improved prospects for the super-chilled fuel in the country of 114 million people.

Consultancy Energy Aspects expects the Philippines’ LNG import demand in 2025 to rise by more than 50% to 2.1 million metric tons from 2024 due to the addition of new gas-fired capacity, senior LNG analyst Kesher Sumeet said.

 

COAL’S RETREAT

Price-sensitive Asian nations with high reliance on coal have largely boosted renewable additions to slash emissions and address growing power demand instead of using LNG as a transition fuel.

However, the Philippines has instead bet on LNG, whose usage has started inching up after it began importing the fuel in mid-2023. The country registered a 40% increase in the generation capacity of its gas-fired power fleet in 2024 from end-2023 levels, IEMOP data showed.

Meanwhile, coal-fired power output fell 5.5% to 33.8 TWh during the period, IEMOP data showed, with generation falling for the fourth straight month in June and its share of the power mix dropping to 57.2% from 61.9% in 2024.

Falling coal-fired power demand led to the first decline in coal imports since the COVID-19 pandemic during the six months ended June, while LNG imports rose 51% in the same period, Kpler data showed.

Coal’s retreat – the first since 2008 – was also compounded by hydropower generation accounting for a higher share of Philippines’ electricity mix during the first half of the year.
Asian spot LNG prices LNG-AS have fallen about 13% this year on tepid demand, further boosting the competitiveness of the fuel against coal. IEMOP data also showed a wave of planned outages in early 2025 at coal-fired power plants, which helped to boost the share of gas.

“We think that the rising power demand in the Philippines will outpace renewables’ growth and that combined with the coal phase-out policy would sustain Philippines’ call on LNG in coming years,” Energy Aspects’ Sumeet said.

Electricity generated from renewable sources in the Philippines has been rising, but growth has fallen well short of its ambitious targets. – Reuters

Platinum Karaoke unveils the Platinum Soundscape Concept Store at SM Makati to celebrate 25 years of Filipino innovation in music and entertainment

Ribbon-cutting for the grand launch of the 1st Platinum Karaoke Concept Store at the SM Cyberzone, 2nd floor, SM Makati Mall. Shown on photo are Platinum Karaoke VIPs and guests.

In celebration of its 25th anniversary, Platinum Karaoke, the Philippines’ homegrown leader in karaoke segment, opens the doors to its first-ever platinum soundscape Concept Store at SM Makati Cyberzone. This is a pioneering retail space that elevates how Filipinos and music lovers around the world experience sound, connection, and innovation.

For a quarter of a century, Platinum Karaoke has been more than a brand. It has been a part of every Filipino home, celebration, and memory. From barkada karaoke nights to family reunions and solo sing-along sessions, Platinum Karaoke has united generations through the power of music. Now, with the launch of the Platinum Karaoke Concept Store, the brand ushers in the next chapter in Filipino entertainment, one where cutting-edge technology, tradition, and togetherness come alive in immersive, accessible, and future-ready ways, highlighting the brand’s expansion into the broader audio entertainment category.

Platinum Karaoke celebrates 25 years with the opening of its 1st Platinum Karaoke Concept Store and festivity with the media. From left are Platinum Karaoke Executives: President Dipak Asudani, Founder Kim Jong and General Manager Allan Espinas.

“Platinum Karaoke is built on Filipino pride, created by Filipinos, for Filipinos, and now reaching music enthusiasts across the globe. With the launch of our first Concept Store, we are proud to mark this milestone, to broaden our footprint in the audio entertainment space along with the unparalleled karaoke experience that has defined our brand,” said Bianca Teodoro, brand manager, Platinum Karaoke.

“Our distinctive Platinum Karaoke experience affirms our commitment to constant innovation not just to keep up with the times, but to elevate how families, friends, and communities connect and entertain, through music and sharing fun and memorable moments, whether at gatherings and parties at home or event venues or across digital platforms,” Ms. Teodoro added.

Platinum Karaoke Concept Store

An immersive karaoke room at the 1st Platinum Karaoke Concept Store at the SM Cyberzone at SM Makati Mall.

Located at SM Makati Cyberzone, the Platinum Karaoke Concept Store is designed for everyone. From Gen Z creators and on-the-go vloggers, podcasters to karaoke-loving titos and titas, and grandparents reliving timeless classics. It features a dedicated KTV Room for hands-on product trials, sing-along sessions, and immersive sound experiences across the brand’s wide range of innovations.

The Platinum Karaoke Concept Store showcases its most advanced systems, including the Alpha 2, a flagship all-in-one entertainment hub that combines karaoke, Android TV, digital TV, and smart features like voice assistants, YouTube streaming, Pro Score singing duels, and custom pitch effects. Customers can also explore portable speakers, wearable audio gear, wireless mics, amplifiers, and soundbars for home theaters, podcasts, parties, and everyday entertainment on the go.

Daryl Ong Performs Live and Sings with Fans through Platinum Karaoke Experience

At the opening of the Platinum Karaoke Concept Store were SM Executives (from left) Gladdys Ramos, Kathleen Anne Cruz and Mina Torres, together with Platinum Karaoke President Dipak Asudani (2nd from left).

As part of the anniversary celebration, Daryl Ong, one of the country’s most soulful and versatile balladeers will perform at the launch event. With over 1 million YouTube subscribers, viral covers, and millions of views for songs like “Stay,” “Ikaw na Nga,” and “All of Me,” Daryl has earned a loyal global following for his emotional vocal style and heartfelt performances. At the event, he will not only perform live but also join customers in intimate karaoke sessions, bringing the Platinum Karaoke soundscape to life.

Over the years, Platinum Karaoke has been endorsed by beloved Filipino entertainers including Vice Ganda, Angeline Quinto, Morisette, the phenomenal love team AlDub composed of Maine Mendoza and Alden Richards, and the love tandem of KathNiel the once inseparable Kathryn Bernardo and Daniel Padilla, cementing its place in pop culture history.

Sound Made in the Philippines, Designed for the World

Platinum Karaoke continues to innovate and expands to a full lineup of audio entertainment offerings along with its cutting-edge karaoke system at its Concept Store at SM Cyberzone in SM Makati Mall.

What truly sets Platinum apart is not just technology, but the way it brings people together. Every innovation is made with the intention to foster harmony through music and sound wherever they are and across continents.

For more information and to find out the latest updates, visit https://platinumkaraoke.com/ or follow on Facebook, Instagram and the Official TikTok account.

 


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