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PHL to allocate nearly P10B from WB loan to agri projects

PHILSTAR FILE PHOTO

THE Department of Budget and Management (DBM) said that the government will allot nearly P10 billion from a World Bank (WB)-funded 2026 infrastructure project to farm-to-market roads and value-chain rural infrastructure.

In a statement on Thursday, the DBM said the Department of Agriculture (DA) will get P9.98 billion for its flagship Philippine – Rural Development Project Scale-Up project.

The DBM said the project’s value-chain component includes post-harvest facilities and cold storage.

Asked for details, the DBM told BusinessWorld that the P9.98-billion allocation consists of P8.54 billion worth of loan proceeds and P1.43 billion in government counterpart funding.

The DBM said overall, the government expects to invest P16 billion in 1,067 kilometers of farm-to-market roads to help bring down logistics costs for produce growers.

The government is seeking a P256.5-billion budget for agriculture in the 2026 National Expenditure Program.

DA proposes to allocate P3.8 billion for the National Livestock Program and P9.3 billion for the National Fisheries Program.

Meanwhile, the Sugarcane Industry Development Program will get P1 billion to improve sugar production.

“Other national programs of the DA to receive continuous funding next year include the National Corn Program with P6.7 billion, the National High Value Crops Development Program (P2.1 billion), the National Organic Agriculture Program (P1 billion); and the National Urban and Peri-Urban Agriculture Program (P391 million),” the DBM said. — Aubrey Rose A. Inosante

Japanese locators commit to further PHL expansions

SUMITOMOELECTRIC.COM

JAPANESE FIRMS have confirmed plans to further expand their operations in the Philippines, the Philippine Economic Zone Authority (PEZA) said.

In a statement on Thursday, PEZA said the commitments were generated during a business mission to Tokyo and Saitama, a city near the Japanese capital, last week.

“The mission underscored the Philippines’ commitment to attracting and sustaining Japanese investment through stronger government-to-business engagement, the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, and targeted investment promotion strategies,” PEZA said.

During the mission, PEZA met with executives from the Sumitomo Mitsui Banking Corp. (SMBC) to discuss continued collaboration beyond Japan.

“The discussions centered on continuing and deepening the PEZA-SMBC partnership beyond Japan, particularly in other key Asian markets such as South Korea and Taiwan, where both parties see strong potential to promote Philippine investment opportunities,” it added.

PEZA Director General Tereso O. Panga said Japanese investors have recovered their position as PEZA’s top source of investment approvals.

“Japanese locators remain among PEZA’s most valued partners, consistently contributing to our country’s export revenue, job creation, and technology,” he said.

“Through this mission, we reassured our Japanese partners of PEZA’s full commitment to providing a competitive, seamless, and sustainable investment environment,” he added.

During the mission, PEZA met with Sumitomo Wiring Systems, Ltd. which currently employs 23,000 workers in Bataan, Tarlac, and Pangasinan.

PEZA also held meetings with MinebeaMitsumi, Inc., Earth Corp., Kanepackage Japan, and KGS Philippines Corp. which indicated plans to expand or set up their operations in the Philippines.

PEZA also met with Kaga Electronics Co. Ltd. which made introductions to its network of Japanese customers.  Justine Irish D. Tabile

Trade dep’t to refer MSMEs to LANDBANK loan program

LAND BANK OF THE PHILIPPINES/BW FILE PHOTO

THE Department of Trade and Industry (DTI) said it is entering into a partnership with Landbank of the Philippines (LANDBANK) to provide capital to micro, small and medium enterprises (MSMEs).

In a statement on Thursday, the DTI said it will be identifying and endorsing eligible MSMEs for Landbank’s LIFTING MSMEs program, also known as Landbank’s Innovative Financing Thrust towards Inclusive National Growth through MSMEs.

“Programs like LIFTING MSMEs are so crucial. They bridge government support with the right financing instruments, unlocking private sector innovation,” Trade Undersecretary Blesila A. Lantayona said.

“In doing so, we give MSMEs the breathing space to grow, innovate, and withstand crises from typhoons to pandemics while continuing to create jobs and keep local economies alive,” she added.

The program aims to help business grow their operations and strengthen their competitiveness, which will allow them to contribute more effectively to the economy.

Apart from the endorsements, the DTI will also collaborate with LANDBANK on the design and delivery of capacity-building activities.

“(This will) ensure that endorsed MSMEs are ready for financing and can achieve long-term sustainability,” the DTI said. — Justine Irish D. Tabile

BoC to receive P50 billion in funding diverted from DPWH

THE Bureau of Customs (BoC) said it expects to use the P50 billion it will receive from the reallocated public works budget to fund its efforts in countering a recent rise in physical smuggling.

“Bringing in illicit goods based on our recent apprehensions has shifted from technical smuggling to outright smuggling,” Assistant Commissioner Vincent Philip C. Maronilla told reporters on the sidelines of an event.

“We need all the logistical support to be able to identify where exactly on the open seas (the smugglers) are operating and (put in place) the right equipment to stop those particular activities,” he said.

Some P255 billion was taken away from the 2026 budget of the Department of Public Works and Highways (DPWH) in the wake of the flood control scandal, which triggered a review of the department’s funding.

Regarding the BoC’s revenue performance this year, Mr. Maronilla said he expects collections to fall about 1%, mainly due to smuggling, though the BoC’s estimates of “revenue leakage” differ from those of its parent agency, the Department of Finance, indicating a disagreement on the extent of smuggling’s impact.

Mr. Maronilla estimated the effects of smuggling on revenue at about P6-7 billion per month, while Finance Secretary Ralph G. Recto has said the impact of smuggling could be as high as P150 billion for the full year.

The BoC collected P916.674 billion in 2024.

“Maybe it’s P150 billion. Maybe (Mr. Recto) has a basis for that estimate. But I think for us, we’ve reduced the gap very significantly with the way we’re collecting,” Mr. Maronilla said.

While the BoC is “struggling” in terms of volume of imports, “the rate of assessment is up, collections year on year are up,” Mr. Maronilla said.

He added the higher collections in September were likely driven by oil, which usually takes up 25% of the total, as well as food, steel, and motor vehicles.

Mr. Maronilla added the BoC will forego some collections as a result of the 60-day freeze on rice imports. He added that the agency has no specific estimates of the impact of the rice import ban, which could be extended.

President Ferdinand R. Marcos, Jr. initially ordered a 60-day suspension of rice imports starting Sept. 1, to provide relief to farmers who have been receiving low offers for their grain. The Department of Agriculture has since been ordered to prepare for an extension of the ban, which could be accompanied by an import tariff hike from the current 15%. — Aaron Michael C. Sy

DoE may conduct separate auction for nuclear energy 

PNRI.DOST.GOV.PH

THE Department of Energy (DoE) said it is exploring the possibility of organizing a dedicated auction for nuclear energy in order to accommodate a broad selection of proponents.

“We are studying (for nuclear energy) to have its own auction, but we are reviewing the legal framework,” Energy Utilization Management Bureau Director Patrick T. Aquino said on the sidelines of the Philippine International Nuclear Supply Chain Forum 2025 on Thursday.

The Philippines is on track to deliver its first nuclear-generated kilowatt-hour by 2032.

The DoE sees the integration of nuclear energy into the power generation mix as a strategic decision rooted in the country’s need for energy security.

According to Mr. Aquino, the nuclear energy program is gaining traction with Philippine and foreign investors.

The forum was attended by global nuclear technology leaders, policymakers, regulators, industrial partners, academia and development agencies from the US, South Korea, Canada, United Arab Emirates, and Argentina.

Mr. Aquino said the Nuclear Energy Program Inter-Agency Committee (NEP-IAC), where he leads, is transitioning from preparatory activities to implementation-ready frameworks.

“In order to establish the groundwork for a safe, secure, and sustainable nuclear energy future, 2026 will be crucial in reinforcing institutional readiness, technical credibility, and public trust — laying the foundation for a safe, secure, and sustainable nuclear energy future,” Mr. Aquino said.

He said he expects multilaterals such as the World Bank and the Asian Development Bank (ADB) to play a role in financing the nuclear power push.

“We’re very happy that the current US administration is taking charge of making sure that the World Bank relaxes its policy on green investments to include nuclear,” Mr. Aquino said.

“We’re hopeful that… multilateral agencies like the World Bank and ADB will revisit their investment direction when it comes to nuclear. Because right now, they’re not actively investing in nuclear power projects,” he added.

In June, the World Bank lifted its longstanding ban on funding nuclear power projects in developing countries. It also entered into an agreement with the International Atomic Energy Agency (IAEA) to collaborate and support the safe, secure and responsible use of nuclear energy in developing countries.

Last year, the IAEA conducted a follow-up Integrated Nuclear Infrastructure Review, which generated 14 recommendations, nine of which have now been fully addressed by the Philippines.

Among the milestone realized is the enactment of a comprehensive nuclear law through the passage of the Republic Act (RA) No. 12305, or the Philippine National Nuclear Energy Safety Act.

RA 12305 establishes the Philippine Atomic Energy Regulatory Authority (PhilATOM), which is tasked with overseeing all Philippine nuclear and radiation activities.

Mr. Aquino said the implementing rules and regulations are expected to be released within the year.

“On the part of the Energy department, as a major beneficiary of PhilATOM, when it gets up and running, we’ll make sure that PhilATOM will get the resources and support needed,” he said. — Sheldeen Joy Talavera

Improved logistics seen reducing 30% farm waste

DA.GOV.PH

THE agricultural logistics industry said the 30% rate of wasted farm produce can be mitigated by improving the farm-to-market link, including the transport and storage components.

Maria Teresa Roa-Antonio, who chairs the 30th AgriLink trade show, said about 20% of the waste takes place at the farm level, where growers often dump produce they cannot bring to market.

“I have seen these challenges firsthand; smallholder farmers often lose as much as 20% of their harvest before it even reaches consumers. (The produce is) left to dry by the roadside, spoiled by lack of storage, or sold (to traders) at unfair prices,” Ms. Roa-Antonio said in a speech.

She said improving the logistics chain can improve farmer incomes, not just by cutting waste but by allowing them to command better prices.

She said logistics infrastructure upgrades will require significant levels of investment.

“When the coconut farmers and copra producers are able to deliver their harvest in good condition, reach bigger markets, and keep a fair share of the profit, that is when we know collaboration is truly making a difference.” Ms. Roa-Antonio added.

AgriLink is the country’s largest trade show for agriculture, aquaculture, and food. This year’s show was dedicated to enhancing logistics in the industry. — Andre Christopher H. Alampay

Eala guns for semis berth against Golubic in WTA125 Suzhou Open

ALEX EALA — JIMMIE48/WTA

ALEXANDRA “ALEX” EALA shoots for her second straight semifinal appearance against Switzerland’s Viktorija Golubic in the battle between top-10 seeds in the WTA125 Suzhou Open on Friday at Sungent International Tennis Center in China.

Ms. Eala, the No. 4 seed, and No. 6 Ms. Golubic came off contrasting paths from the Round of 16 heading into their gigantic duel for a shot at No. 2 seed Tatjana Maria of Germany in the Final Four. WTA No. 44 Ms. Maria, the No. 2 seed, had a walkover over WTA No. 63 and No. 5 seed Yulia Putintseva due to still undisclosed reasons.

But first things first for the WTA No. 58 Ms. Eala, who has to recover quickly from a grueling duel against WTA No. 106 Greet Minnen in three hours and 18 minutes as one of the longest battles in her skyrocketing career.

The 20-year-old Filipina pride hacked out a 7-6 (7-5), 6-7 (3-7), 7-5 win over Ms. Minnen to notch her fourth straight quarterfinal stint in the WTA Tour and bagged a guaranteed $3,450 (over P200,000) purse.

She now has a chance to jack it up to $5,300 or approximately P308,000 with a win against the 32-year-old Ms. Golubic in a still-to-be determined game time on Friday pending the completion of other Round of 16 duels. Her match against Ms. Golubic is scheduled third in four quarterfinal pairing at center court.

More than that, Ms. Eala could move two steps away from capturing her second WTA title in a month after a breakthrough crown in the WTA125 Guadalajara Open in Mexico.

She also made the quarterfinals of the WTA250 Sao Paulo Open in Brazil and the semifinals of the WTA125 Jingshan nearby, shoring up her stature as one of the most consistent players in the WTA Tour that will also include stops in the Wuhan Open on Oct. 6 to 12 and the Hong Kong Open on Oct. 27 to Nov. 2.

That bid, however, will be tough nut to crack against Ms. Golubic, who hardly broke a sweat against WTA No. 140 Linda Fruhvirtova with a 6-2, 6-0 win in 61 minutes in their own Round of 16 duel. — John Bryan Ulanday

PLDT High Speed Hitters shoot for third straight crown in Premier League Reinforced Conference

PVL.PH

Games on Tuesday
(Ynares Center Montalban)
4 p.m. – ZUS Coffee vs Akari
6:30 p.m. – Capital1 vs Choco Mucho

CREAMLINE will open its title defense without the one player it had hoped would play — Jia de Guzman — while PLDT eyes its third straight title in the forthcoming Premier Volleyball League Reinforced Conference.

“Management has decided Jia is sitting this one out, she’s not playing this conference,” said Creamline team captain Alyssa Valdez during Thursday’s launch at the Discovery Suites.

No reason was given but there are reports that Ms. De Guzman has focused on her training for this December’s Southeast Asian Games in Thailand with Alas Pilipinas where she is the team captain.

Ms. De Guzman, who last saw action for the Cool Smashers two years ago, however, is expected to return to her mother club in next year’s All-Filipino Conference.

For the High Speed Hitters, who have won two titles in a row in the PVL on Tour and Invitational, they are hoping the stars would align anew for a shot at a third crown.

“She’s a good fit,” said PLDT manager Bajjie del Rosario referring to Russian Anastasia Bavykina.

Opening up hostilities though are ZUS Coffee and Akari, who collide at 4 p.m. on Tuesday at the Ynares Center Montalban.

It will be followed by the 6:30 p.m. showdown between Capital1 and Choco Mucho.

Interestingly, another contender, Petro Gazz, has made it a family affair when it appointed husband and wife Gary and Lisa Van Sickle as coach and assistant, respectively, for a franchise spearheaded by their daughter, MVP awardee Brooke.

It came a day after it secured the return of Lindsay Vander Weide, a Best Import awardee who led the Angels to the Reinforced crown three seasons ago.

“I haven’t seen the whole team yet but I will see them tomorrow (today),” said Gary, who played for University of Hawaii in the late 80s.

League President Ricky Palou said it’s going to be a competitive conference.

“It will be one of the toughest conferences in the league, if not the toughest,” said Mr. Palou, who was accompanied by Commissioner Sherwin Malonzo and Cignal Head of Sports Mico Halili. — Joey Villar

Gilas Pilipinas working with 16-man pool for FIBA World Cup Asian Qualifier

GILAS PILIPINAS — ASIACUP

FROM 12, coach Tim Cone’s Gilas Pilipinas Men will now work with an expanded 16-man pool for next month’s FIBA World Cup Asian Qualifiers.

Quentin Millora-Brown has received his first call-up after his reclassification as a local player while Kai Sotto, though still recovering from ACL, has been reinserted into Gilas’ roster for the back-to-back opening window matches against Guam on Nov. 28 and Dec. 1.

Mr. Cone has also tapped naturalized player Ange Kouame and guard RJ Abarrientos to join QMB, Mr. Sotto and the core mainstays Justin Brownlee, Calvin Oftana, Chris Newsome, June Mar Fajardo, Scottie Thompson, Dwight Ramos, CJ Perez, Japeth Aguilar, Kevin Quiambao, Carl Tamayo, Jamie Malonzo and AJ Edu in the training crew.

“Continuity is still the main priority of coach Tim Cone but we saw it fit to add a couple of pieces to the training pool,” Samahang Basketbol ng Pilipinas President Al Panlilio said in a statement.

“Obviously, Justin (Brownlee) will still be the top choice in terms of having a naturalized player in the lineup but we need to take advantage of actually having multiple naturalized players.”

Messrs. Kouame and Abarrientos won’t be starting from scratch actually as they had attended Gilas training camps previously.

As for Mr. Millora-Brown, Mr. Cone himself shared that the team has already started work to get the 6-foot-10 big man who is in Japan acquainted with their system.

“We’ve been communicating with him and he’s working with Patrick Partosa, our analytics and video guy. They’re sending videos back and forth, triangle stuff, so he can probably get a head start,” said Mr. Cone.

Gilas is expected to report to camp 10 days before the opening road match against Guam. The PBA will have a break in Philippine Cup action from Nov. 17 to Dec. 4 to free up the league’s stars for Gilas duties. — Olmin Leyba

From titlist San Miguel Beermen to the rest of PBA, teams see tough road to Philippine Cup glory

THE knives are out and the San Miguel Beermen know they can’t rest easy in their PBA Philippine Cup title defense.

“Definitely, we’ll work hard to retain the championship. Hopefully we can defend the crown,” SMB Team Governor Robert Non said during the recent presscon for the 50th season.

He mentioned how TNT, runner-up in the Season 49 All-Filipino, has welcomed back its injured players who were missing in the previous tournament for another shot at the crown jewel.

Aside from the usual suspects, Mr. Non also noted the threat he expects from “darkhorse” Converge, Rain or Shine and Magnolia, now under former Ginebra player LA Tenorio.

For Meralco, there’s an added motivation to wrest the crown back and get even with the very team that spoiled its title-repeat campaign last season.

“With Robert (San Miguel) the defending champion (now), so we hope we can return the favor this year,” said Bolts Governor Atty. William Pamintuan, referring to the squad’s 97-108 loss to twice-to-beat SMB in the quarterfinals of the previous Philippine Cup that ended their reign.

Like Mr. Non, Mr. Pamintuan sees a tough road to Philippine Cup glory come Sunday.

“I think for 50th season, we’ll have a more competitive league,” he said.

“If you follow the (pre-season) tuneup games, surprises are Blackwater and Terrafirma… It’s going to be a very exciting season for PBA.”

ROS, for its part, is fueled by intense desire to break the “semifinal curse” in the golden season.

“After four successive semifinal appearances, including three last season, we’re more determined to play hard so that we may be able to play in the finals,” said Elasto Painters’ governor Atty. Mert Mondragon, whose team signed up free agent veteran Stanley Pringle and reactivated Beau Belga, now fully recovered from vertigo, for this campaign.

Notes: All-Filipino TNT absorbed a 53-94 defeat to Lebanese powerhouse Al Riyadi to bow out of the Abu Dhabi International Basketball Championship in the UAE early Thursday (Manila time). RR Pogoy scored 10 points to lead scoring for the Tropang 5G, who finished with 1-2 in Group A. The reigning PBA Governors’ Cup and Commissioner’s Cup titlists split their first two assignments, losing to UAE champs Al Sharjah, 93-74, before bouncing back at the expense of Emirati club Al Dhafra, 98-76. — Olmin Leyba

Mookie Betts’ 4-hit night sends Dodgers past Reds, into NLDS

LOS ANGELES — Yoshinobu Yamamoto pitched into the seventh inning, Mookie Betts produced four hits and three RBIs and the Los Angeles Dodgers rallied for an 8-4 victory over the Cincinnati Reds on Wednesday to advance to the National League Division Series (NLDS).

After sweeping the best-of-three NL wild-card series, Los Angeles will visit the Philadelphia Phillies for Game 1 of the NLDS on Saturday. The Dodgers will compete in the division series for the 13th consecutive year.

Betts hit three doubles to tie a Dodgers playoff record for a single game, and teammate Teoscar Hernandez knocked in two runs.

Yamamoto (1-0) gave up two runs, both unearned, on four hits with nine strikeouts and two walks in 6 2/3 innings. He wriggled out of a bases-loaded, no-out jam in the sixth inning to keep Los Angeles ahead 3-2.

Rookie Sal Stewart drove in three runs for the Reds, and Gavin Lux had two hits against his former team. Zack Littell (0-1) allowed three runs on six hits over 3 1/3 innings. He fanned two without issuing a walk.

The Reds had some help from the Dodgers to take a 2-0 lead in the first inning. Spencer Steer was hit by a pitch and Austin Hays reached base when Teoscar Hernandez dropped his fly ball near the right field line. Stewart followed with a two-run single.

The Dodgers got a run back in the third inning when Ben Rortvedt doubled and scored on a one-out single from Betts.

Max Muncy singled to lead off the fourth inning for Los Angeles and scored on a one-out double from Enrique Hernandez to tie the game. Miguel Rojas followed with an RBI bloop single to right for a 3-2 lead.

Cincinnati opened the sixth with three consecutive singles to load the bases. Yamamoto escaped trouble by getting Hays to ground into a forceout at home before he struck out Stewart and Elly De La Cruz.

The Dodgers immediately rewarded the escape act with a four-run sixth for a 7-2 lead. Los Angeles got an RBI single from Shohei Ohtani, an RBI double from Betts and a redemption two-run double from Teoscar Hernandez.

Betts added an RBI double in the seventh.

Stewart had an RBI single in a two-run eighth for Cincinnati.

Looking for answers in the bullpen, the Dodgers had rookie starter Roki Sasaki pitch the ninth inning. Sasaki retired all three batters he faced, two on strikeouts. He had made his only two relief appearances over the final week of the season following his return from a shoulder injury. — Reuters

Resilient Fever

The Fever’s season ended as it had so often been played — with them at the edge of exhaustion, holding on with everything they had, and refusing to surrender. True, their overtime loss in Game Five of the semifinal round series to the heavily favored Aces spoiled their Cinderella story. On the other hand, it likewise confirmed their utter refusal to be defined by outcome; down bodies and down to fumes, they stayed in the fight throughout the second half and the extra period.

The best-of-five affair had already taken its toll. Injuries and absences forced constant recalibration, with rotations redrawn on the fly and roles stretched thin. When Most Valuable Player candidate Kelsey Mitchell crumpled to the floor in the third quarter due to cramps, it seemed as if the Fever’s improbable run had finally reached its breaking point. Rather than fold, however, they resisted. Head coach Stephanie White’s urgent message was clear: play for each other and lean into what had hitherto enabled them to claim victories as decided underdogs. And, lo and behold, they did. When All-Star Aliyah Boston fouled out and their bench was stripped bare with 27.1 ticks left in regulation, hardship acquisition Odyssey Sims picked up the cudgels; she hit a crucial shot to tie the set-to and send it to overtime. It was the latest in a season-long string of unlikely contributions that kept them alive longer than reason should have allowed.

What defined the Fever in the playoffs was not star power, but collective resolve. White spoke glowingly of her charges in the aftermath, noting that they resolved to put one foot in front of the other, and were unwilling to give up no matter the circumstance. And, needless to say, they gave the same refrain in the post-mortem; theirs was not a team of excuses but of persistence, determined to meet pressure with poise. Mitchell carried them when able, Boston when called upon, Sims when the moment demanded it, and the rest when no choice was left. Even injured superstar Caitlin Clark, watching from the sidelines, chose not to dwell on what might have been; instead, she reminded her teammates of what they had built together, insisting there was all pride and no regret to carry forward.

The final margin told one story; the manner of play unfolded another. The Fever were never supposed to come to a contest — a basket, really — of the WNBA Finals, not with their health, not against the defending champions, not in a decisive encounter on the road. Yet, as Aces bench tactician Becky Hammon admitted with a mix of relief and respect, the just would not go away. They turned every instance into a test of character, and in so doing forced the juggernaut black and silver to leave nothing in the tank simply to escape.

There is beauty in such defiance. The Fever leave their 2025 campaign scarred, to be sure, but also with a foundation strengthened by trial. Their resilience was not a momentary flicker; it became a standard. And what they proved in defeat may well carry more weight than any single win: Adversity need not define you, perseverance can be its own legacy, and belief, once planted, does not fade easily. Their season has ended, but its echoes will carry into what comes next — measured not only in triumphs, but in the determination that made them possible.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

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