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Powering the Philippines’ 2040 Energy Vision: How New Zealand-Philippines collaboration drives geothermal innovation

(L-R) Matt Sophy, Senior Engineer - Geothermal Development, Contact Energy; Cecilia Shand, New Zealand Trade Commissioner to Indonesia and the Philippines; Sec. Ernesto Perez, Anti-Red Tape Authority; Dr. Catherine McIntosh, New Zealand Ambassador to the Philippines; Sec. Sharon Garin, Department of Energy; Angus Howden, International Business Development Manager, Western Energy; and Maricon Popanes-Lim, New Zealand Trade and Enterprise Country Manager - Philippines

The Philippines and New Zealand are deepening geothermal collaboration ahead of their 60th diplomatic anniversary in 2026, in line with plans to elevate bilateral relations into a comprehensive partnership. Underscoring the renewed commitment between the two countries, Western Energy, New Zealand’s largest geothermal well services provider, recently opened its first office in the Philippines, expanding its regional presence and highlighting growing synergy in advancing sustainable energy solutions.

Clean, reliable, and affordable energy is central to the Philippines’ growth agenda, outlined in AmBisyon Natin 2040 and the Philippine Development Plan 2023-2028. With geothermal energy being vital to this vision, New Zealand’s expertise as a global pioneer makes it an invaluable partner.

“A clean energy future is integral to our development goals. Through the Philippine Energy Plan 2023-2050, we aim to achieve 50% renewables by 2040, which will cut emissions, boost energy independence, and meet rising demand from emerging technologies like artificial intelligence (AI),” Sharon Garin, Secretary of the Department of Energy (DoE), said.

“The Philippines, ranked third globally in geothermal capacity, has vast potential but faces high costs and exploration risks. Through reforms and initiatives like the Green Energy Auction Programme (GEAP) to boost investor confidence, and the Philippine Geothermal Risk Facility (PGRF) to offset upfront drilling costs, we aim to attract private investment and unlock geothermal’s full potential to drive growth, create jobs, and enhance energy security,” Rowena Christina Guevara, Undersecretary of the DOE, added.

“New Zealand has been a pioneer in geothermal technology since the 1950s, and our geothermal journey with the Philippines has been a constant thread in our bilateral relationship. As we mark 60 years of ties and move towards a comprehensive partnership in 2026, geothermal energy will be a crucial pillar,” Dr. Catherine McIntosh, New Zealand Ambassador to the Philippines, said.

Powering the Future, Together

The New Zealand-Philippines geothermal partnership, formalised in 2012 and renewed in 2017 and 2021, builds on cooperation dating back to the 1960s with the development of the Tiwi and Tongonan geothermal fields. Today, New Zealand continues to support three geothermal fields, including Palimpinon.

Guiding its continued collaboration with the Philippines to share expertise, foster joint research, and cultivate the next generation of industry leaders, the New Zealand Government recently launched its Draft Geothermal Strategy, developed with the New Zealand Geothermal Association (NZGA), combining the insights of communities, scientists, and the industry.

“Backed by world-class research and a stable energy market, New Zealand’s geothermal power delivers reliable baseload energy that reduces emissions. With new supercritical geothermal technology, we can utilise deeper resources to help the Philippines advance its clean energy goals,” said Cecilia Shand, New Zealand Trade Commissioner to Indonesia and the Philippines.

The opening of Western Energy’s office in Manila, supported by New Zealand’s largest geothermal power firm, Contact Energy, marks a new chapter in the partnership.

“We are excited to bring the same technology, know-how, and expertise to the local industry. Our top priority is to build relationships and be an active part of the Philippine geothermal sector,” Angus Howden, International Business Development Manager, Western Energy, said.

“Contact Energy’s extensive experience offers adaptive management to support Western Energy’s clients and spot collaboration opportunities,” added Matt Sophy, Senior Engineer, Geothermal Development, Contact Energy.

Advancing Geothermal Innovation

(L-R) Jaime Jemuel Austria, Jr., National Geothermal Association of the Philippines (NGAP) President; Dr. Catherine McIntosh, New Zealand Ambassador to the Philippines; Rowena Christina Guevara, Undersecretary of the Department of Energy; and Erlindo Angcoy, Jr., NGAP Trustee

This strengthened cooperation was showcased at the 6th Philippine International Geothermal Conference (PIGC6), hosted by the National Geothermal Association of the Philippines (NGAP) in partnership with the DoE and New Zealand Trade and Enterprise (NZTE). Leading New Zealand geothermal companies and institutions highlighted their expertise and contributions to the Philippine sector, emphasising innovation, knowledge-sharing, and capacity-building.

With cutting-edge technology transforming geothermal development, JRG Energy and Seequent are introducing advanced solutions to enhance the Philippines’ capacity and accelerate its clean energy transition.

JRG Energy, a pioneer in well cleaning and productivity solutions, is expanding its technical studies and well servicing capabilities in the Philippines. “Geothermal is a major solution to global decarbonisation, and the Philippines has fantastic resources to provide low-cost energy while helping decarbonise the country. Our advanced geothermal solutions maximise 24/7 baseload power, accelerating the transition to a low-carbon future,” Callum Streeter, General Manager, JRG Energy, said.

AI and machine learning are also reshaping geothermal development. Seequent, the subsurface software arm of Bentley Systems, powers over 65% of the world’s geothermal capacity and has worked with Philippine operators for nearly a decade. “Geothermal requires long-term thinking and strategic use of technology. Our AI-powered software allows operators to identify steam zones and optimise production, reducing costs and risk,” Andrew McMahon, Principal Solutions Manager, Energy Production, Bentley Systems, explained.

Nurturing Human Ingenuity

Talent development remains at the core of the partnership. The University of Auckland’s Geothermal Institute has trained hundreds of Filipino geothermal professionals since 1978, many of whom now lead innovation across the sector. “We believe that knowledge is power. As a real renaissance is happening in geothermal, we need more experts and multidisciplinary teams to deliver ambitious projects, and our graduates are making this possible,” said John O’Sullivan, Co-Director, Geothermal Institute.

MB Century, with 75 years in geothermal and hydropower, has provided end-to-end technical solutions across Philippine plants since opening its office in 2018. “Our goal is to offer a full range of services, from well design to turbine assembly, while creating opportunities for Filipino employees to grow internationally,” said Alan Stewart, CEO, MB Century.

Earth Sciences New Zealand, formerly GNS Science, has been advancing global geothermal exploration since the 1950s. “To unlock the Philippines’ geothermal potential, it is crucial to blend indigenous knowledge with technology, beginning with understanding the needs of communities, whether corporations, governments, or indigenous groups,” said said Mark Gibson, Senior Business Development Manager, Earth Sciences New Zealand.

With supportive policies, investment programmes, and strong international partnerships, the Philippines’ geothermal sector is well-positioned for growth. By leveraging New Zealand’s expertise, the country can secure its energy future, create green jobs, and accelerate its transition to clean energy.

 

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Britain, Canada, Australia and Portugal recognize Palestinian state

A Palestinian flag flies during a protest in front of the Gare du Nord railway station in Paris, France, Sept. 18, 2025. REUTERS/Benoit Tessier

LONDON/TORONTO – Britain, Canada, Australia and Portugal all recognized a Palestinian state on Sunday in a move borne out of frustration over the Gaza war and intended to promote a two-state solution, prompting a furious response from Israel.

The decision by four nations from the West, which has traditionally allied with Israel, aligned them with more than 140 other countries also backing Palestinians’ aspiration to forge an independent homeland from the occupied territories.

Britain’s decision carried particular symbolism given its major role in Israel’s creation as a modern nation in the aftermath of World War Two.

“Today, to revive the hope of peace for the Palestinians and Israelis, and a two-state solution, the United Kingdom formally recognizes the State of Palestine,” said Prime Minister Keir Starmer.

“The man-made humanitarian crisis in Gaza reaches new depths. The Israeli government’s relentless and increasing bombardment of Gaza, the offensive of recent weeks, the starvation and devastation are utterly intolerable.”

Other nations, including France, are expected to follow suit this week at the United Nations General Assembly in New York.

Israeli Prime Minister Benjamin Netanyahu condemned the move.

“I have a clear message to those leaders who recognize a Palestinian state after the horrific massacre of October 7: You are giving a huge reward to terrorism,” he said, referring to Palestinian militant group Hamas’ 2023 attack on Israel that triggered the nearly two-year war in Gaza.

“And I have another message for you: It will not happen. A Palestinian state will not be established west of the Jordan River.”

The Hamas-led attack on Israel killed 1,200 people and saw 251 others taken hostage, according to Israeli tallies.

Israel’s ensuing campaign in Gaza has killed more than 65,000 Palestinians, most of them civilians, according to local health authorities, spread famine, demolished most buildings and displaced most of the population – often multiple times.

PALESTINIANS WELCOME RECOGNITION
“It is a human duty of every respectful and free human being in the world to support Palestinians during the ordeal they are going through and Britain’s role now comes within this,” said Sharaf Al Tarda, a Palestinian resident of Hebron in the Israeli-occupied West Bank.

Hamas welcomed the move but said it must be accompanied by “practical measures” to end the war in Gaza and prevent Israel from annexing the West Bank.

Palestinian President Mahmoud Abbas said recognition would help pave the way for the “State of Palestine to live side by side with the State of Israel in security, peace, and good neighbourliness”.

Starmer wrote to Abbas to confirm Britain’s decision, noting that London had backed a Jewish homeland in 1917 while also pledging to protect the rights of non-Jewish communities.

Western governments have been under pressure from many in their parties and populations angry at the ever-rising death toll in Gaza, images of starving children and their states’ inability to rein in Israel, even continuing to provide arms.

Londoners voiced mixed reactions on Sunday.

“A whole lot needs to happen and peace needs to come to that region,” said 56-year-old charity director Michael Angus. “This is the first step in actually acknowledging that those people have a right to have somewhere to call home.”

Announcing his country’s decision, Canadian Prime Minister Mark Carney said it would empower those seeking peaceful co-existence and the end of Hamas. “This in no way legitimizes terrorism, nor is it any reward for it,” he added.

Portugal’s Foreign Affairs Minister Paulo Rangel said this recognition was a “fundamental line of Portuguese foreign policy”. Speaking to reporters at the headquarters of Portugal’s permanent mission to the United Nations in New York, he said: “Portugal advocates the two-state solution as the only path to a just and lasting peace…a ceasefire is urgent.”

The United States, Israel’s closest ally, did not comment immediately on the decision by three of its allies to recognize a Palestinian state, but President Donald Trump has previously made clear he opposes such a move.

Israeli Security Minister Itamar Ben-Gvir said he would propose that the cabinet apply sovereignty in another Israeli-occupied Palestinian territory, the West Bank. That would represent de facto annexation of land seized in a 1967 war.

BRITAIN PLAYED A KEY HISTORIC ROLE
British troops captured Jerusalem from the Ottoman Empire in 1917, and in 1922 the League of Nations awarded Britain an international mandate to administer Palestine during the post-war deal-making that redrew the map of the Middle East.

Mandy Damari, the British mother of released British-Israeli hostage Emily Damari, told Reuters on Sunday that Starmer was “under a two-state delusion” given that the Gaza Strip’s government was still Hamas whose mission was to destroy Israel.

“He is rewarding Hamas for the 7th October barbaric and savage attack on Israel when the hostages are still not back, the war is not over and Hamas are still in power in Gaza.”

Husam Zomlot, head of the Palestinian Mission to the UK, watched on his phone as Starmer announced Britain’s recognition of a Palestinian state.

At the London headquarters of the mission, which may now be upgraded to an embassy, there were smiles and embraces.

“Today is a moment when the UK Prime Minister and the British government, on behalf of their people, stand and say: ‘We must correct history, we must right the wrongs’,” Zomlot said. — Reuters

BoP surplus widens to $359 million

A person shows US dollars at a currency exchange store in Manila, Philippines, Oct. 21, 2022. — REUTERS

THE PHILIPPINES’ balance of payments (BoP) surplus ballooned to $359 million in August, reflecting gains in the central bank’s net income from overseas investments, the Bangko Sentral ng Pilipinas (BSP) said.

Preliminary data from the BSP showed the BoP surplus stood at $359 million in August, widening from $88 million in the same month last year.

Month on month, the BoP position swung to a surplus from the $167-million deficit recorded in July.

“The BoP surplus reflected the Bangko Sentral ng Pilipinas’ net income from its investments abroad,” the central bank said in a statement.

BoP refers to the country’s economic transactions with other nations. A surplus indicates more funds entered the country, while a deficit shows that the country spent more than it received.

In the January-to-August period, the country’s BoP position swung to a $5.397-billion deficit, a reversal from the $1.592-billion surplus in 2024.

“Preliminary data indicate that the year-to-date BoP deficit was largely due to the continued trade in goods deficit,” the BSP said.

The Philippines’ trade-in-goods balance, or the difference between the values of exports and imports, narrowed to $28.46 billion in the January-to-July period, from $29.93 billion a year ago.

“This was partly offset by the sustained net inflows from personal remittances from overseas Filipinos, foreign borrowings by the National Government, foreign direct and portfolio investments, and trade in services,” the BSP said.

Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp., said in an e-mail that the latest BoP position partly reflects the central bank’s investment gains from abroad.

“(This was) offset by the continued Trump risk factor or premium that led to some market volatility worldwide in view of the Aug. 7, 2025 extended deadline for US trade deals and tariffs,” he added.

US President Donald J. Trump’s higher tariffs on imports from dozens of countries, including the Philippines, took effect on Aug. 7.

The US imposed a 19% tariff on Philippines goods.

Mr. Ricafort said the August BoP position also came as the government paid off external debts and increased volatility in the local foreign exchange market. 

In August, the peso performed weaker at an average P57.2525 per US dollar from the P56.7523 recorded in July.

The BSP expects the overall BoP position to end at a $6.3-billion deficit or -1.3% of gross domestic product (GDP) this year and a $2.8-billion deficit or -0.5% of GDP in 2026.

DOLLAR RESERVES
Meanwhile, the BSP said the BoP position mirrored the rise in gross international reserves (GIR) to $107.1 billion as of end-August from $105.4 billion as of end-July.

“The latest GIR level ensures availability of foreign exchange to meet balance of payments financing needs, such as for payment of imports and debt service, in extreme conditions when there are no export earnings or foreign loans,” the BSP said.

The central bank said the level of dollar reserves as of end-August “remains an adequate liquidity buffer,” equivalent to 7.2 months’ worth of imports of goods and payments of services and primary income, more than double the three-month standard.

It is also enough to cover about 3.7 times the country’s short-term external debt based on residual maturity.

GIR comprises foreign-denominated securities, foreign exchange, and other assets such as gold. It enables a country to finance imports and foreign debts, maintain the stability of its currency, and safeguard itself against global economic disruptions.

The central bank expects GIR to settle at $104 billion by end-2025 and $105 billion in 2026. — Katherine K. Chan

P60-B PhilHealth funds to be restored as ‘savings’ in 2026 budget — Recto

PNA/JOAN BONDOC

By Aubrey Rose A. Inosante and Chloe Mari A. Hufana, Reporters

THE GOVERNMENT will restore the P60 billion in excess funds of the Philippine Health Insurance Corp. (PhilHealth) as “savings” in the proposed 2026 national budget, Finance Secretary Ralph G. Recto said.

Mr. Recto, who defended the National Government’s decision to reallocate the funds before the Supreme Court (SC), is now under orders from President Ferdinand R. Marcos, Jr. to restore the funds to PhilHealth.

“(Savings) will be included in the NEP26 (National Expenditure Program for 2026). We are also looking for legal authority to do it this year,” he told BusinessWorld in a Viber message over the weekend.

The Department of Finance (DoF) said it issued a “solicited opinion” supporting the restoration of the funds, citing PhilHealth’s improved revenue position and the availability of savings from other agencies after the termination of flood control projects.

The DoF’s response came after Mr. Marcos on Saturday ordered the return of the P60 billion to PhilHealth, which would allow the agency to expand its benefit packages and strengthen the Zero Balance Billing program.

The President acknowledged public concerns that the transfer of excess funds could affect PhilHealth’s programs and services, saying such worries are understandable given that healthcare involves life-and-death situations.

“No matter how much we explained, no matter how much we showed that PhilHealth has been expanding the services it covers, people still had fears that services might be reduced,” Mr. Marcos said.

The President’s move may render the SC’s ruling on the issue moot and academic.

The SC has yet to issue a ruling on three petitions questioning the legality of the original P60-billion transfer from PhilHealth to the Bureau of the Treasury in 2024.

Asked if the agency will wait for the SC decision, Mr. Recto said: “We’re following PBBM’s (President Marcos) directive.”

‘FACE-SAVING MEASURE’
Meanwhile, analysts said Mr. Marcos’ decision to return P60 billion to PhilHealth is a “face-saving” measure and is aimed at easing public discontent amid ongoing corruption investigation in public works projects.

“I can only assume that this is intended to further ease the growing tension and disillusionment among the people caused by the flood control mess,” said Arjan P. Aguirre, a political analyst at the Ateneo de Manila University, via Facebook Messenger.

“In the coming days, it may be used to create the impression that Marcos, Jr. cares about the people’s welfare — particularly health concerns — and that he is also fulfilling his SONA (State of the Nation Address) promise. This is all about optics and projecting a positive image of the President,” he added.

On Sunday, thousands of Filipinos took to the streets to protest massive corruption in government.

Former Health adviser Anthony C. Leachon called the move a “face-saving measure” amid growing public outrage over corruption.

“It must not preempt the Supreme Court’s decision on the matter. Without a ruling, the petition risks being declared moot — setting a dangerous precedent for future abuse,” he said in a statement on Sept. 21.

“If the Court affirms that the P60-billion transfer was unconstitutional, then how much more indefensible is the zero subsidy for PhilHealth in the 2025 budget? That is not just a fiscal error — it is a moral failure.”

Mr. Leachon also questioned the DoF’s role in the original transfer, saying the agency is now attempting to “wash its hands” of responsibility.

He also noted that PhilHealth was not the only institution forced to surrender reserves, and the Philippine Deposit Insurance Corp. remitted over P107 billion justified as “unrestricted funds” for infrastructure and social programs.

“If the DoF is truly sincere, it should return those funds too,” Mr. Leachon added.

Former Finance Undersecretary Cielo D. Magno said a SC ruling is still necessary to “prevent the illegal diversion of PhilHealth funds from happening again.”

“Let’s keep raising our voices and staying vigilant,” she said in a Facebook post on Sept. 20.

The Federation of Free Workers (FFW) and the Nagkaisa Labor Coalition welcomed Mr. Marcos’ order to return P60 billion to the state health insurer but stressed that the case before the High Court is still alive.

FFW and Nagkaisa Labor Coalition are intervenors in G.R. No. 274778, with petitioners including Ms. Magno, former Senator Aquilino L. Pimentel III, and the Philippine Medical Association, among others.

“This is no small amount, and returning it to PhilHealth is already a moral and political victory for workers and the people. On the contrary, it strengthens our case,” FFW President and Nagkaisa Chair Jose Sonny G. Matula said via Viber.

He urged the High Court to declare the transfer unconstitutional, warning that without such a ruling the same diversion of funds could recur.

He also called on the government to source the refund from budgetary savings — particularly from delayed or suspended public works projects — rather than through new taxes or borrowings that would burden workers.

SC Spokesperson Camille Sue Mae L. Ting did not immediately reply to a Viber chat seeking comment.

Globe harnesses AI to keep strategic edge — Cruz

Globe President and Chief Executive Officer Carl Raymond R. Cruz

GLOBE Telecom, Inc. is betting on artificial intelligence (AI) to streamline operations and drive growth as it aims to sharpen its edge in a highly competitive industry, its top executive said.

Globe President and Chief Executive Officer Carl Raymond R. Cruz said the telco giant is now using AI in all facets of the organization.

“We are in a very fast-paced industry — telecommunications — and we need to stay ahead or two, ahead of everyone else. And we do feel that this technology can keep us very, very competitive moving forward,” he told BusinessWorld Editor-in-Chief Cathy Rose A. Garcia as part of BusinessWorld One-on-One’s online interview series.

Mr. Cruz is optimistic that the company’s adoption of AI will serve as a catalyst for growth.

“The vision is to be the best in terms of where the customers are. Whatever point they engage with the network, we will use whatever technology is required for us to continuously elevate the customer experience that we provide on the network,” he said. 

Emerging technologies like AI are reshaping strategies and how businesses operate, Mr. Cruz said, noting that the company is looking to unlock its potential from automation, hyper-personalization of its offerings and services, network enhancement and even in the prediction of threats. 

“At Globe, we have been probably one of the leaders in deployment because instead of looking at AI as a project, we have actually deployed AI and we have given access to each and every of our employees. We are not limiting access to the technology, simply because we actually want the larger organization to be comfortable in using the new technology,” he said. 

Globe established an AI Development and Enablement Group (AIDE) in June 2024 to lead its AI initiatives. It appointed cybersecurity expert Anton Bonifacio as its first chief AI officer.

The company is using the technology for its business operations particularly in its service offerings by deploying AI to study customer behavior and tailor-fit services to match their needs, as well as identifying areas where it should enhance network coverage.

“We are using the technology for network planning, determining the best possible locations where we will deploy new towers or new sites and allowing us to predict where potential points of failure will be. That is to ensure that the experience of our subscribers on the network remains to be very consistent and also best in class,” Mr. Cruz said.

“We will use whatever technology is required for us to continuously elevate the customer experience… Our heritage is all about being customer centric. And we will use a combination of both, of course, technology and human-centric customer service approach to make sure that that journey continues to move forward,” he added.

Globe has also democratized AI use across its workforce, encouraging experimentation and innovation.

Mr. Cruz emphasized that governance and safeguards around the use of technology and cybersecurity are priorities for Globe.

However, he noted there should be human-centric approach when it comes to using AI.

Upskilling is also a very important piece of the puzzle in advancing and ensuring the ethical use of AI, Mr. Cruz said.

“A lot of the tasks, especially the repetitive ones will actually benefit from technology and in that way, we are freeing up valuable time for our employees to do other value-adding roles or value-adding tasks and processes,” he said.

Asked if he has advice for other Philippine companies that are embarking on their AI journey, Mr. Cruz said they should start now.

“If you stand still in today’s day and age, you’re actually moving backwards. There’s really a high chance that organizations that do not leverage this technology, the probability of getting left behind is very, very high,” he said.

PRIORITIES
Meanwhile, Mr. Cruz, who took the helm of Globe in April this year, said his number one priority in his first year is to continue to elevate the customer experience.

“Number two, we will diversify. The intent is to diversify our revenue streams, again leveraging the potential of the Philippines to be the fastest-growing digital economy. We have a young population who are already digital savvy and who want to be online most of the time,” he said.

Mr. Cruz said the company will also continue to play a leading role in driving growth in the Philippines’ digital economy.

“One of the key objectives is for us… is to play a leading role in the digital journey of the Philippines — every Filipino, every Filipino home, Filipino businesses, and the country,” he said.

“We cannot stay stagnant just being a core connectivity provider. We have to make sure that we get into the digital space… Telecoms is the backbone of any digital economy. It really enables development because once you have core connectivity, education is possible, employment is possible, inclusion is definitely possible.” — Ashley Erika O. Jose

Catch BusinessWorld One-on-One online interview series “Reconfiguring Business Amid Megatrends” from Sept. 22-25. The interview with Globe President and CEO Carl Raymond R. Cruz will be streamed at 11 a.m., Sept. 22 (Monday) on BusinessWorld’s Facebook and YouTube pages.

The Liveability Challenge 2026 pledges over SG$4 million in catalytic funding for deep-tech startups

The Liveability Challenge (TLC) announced an injection of over SG$4 million in catalytic funding and support to fast-track cutting-edge sustainable innovations from the lab to market, its biggest pledge yet in the program’s nine-year history.

This includes SG$2 million in catalytic grants from Temasek Foundation, SG$2 million worth of development support from Agency for Science, Technology and Research (A*STAR) and grant support from Enterprise Singapore, as announced during the launch of the ninth edition of TLC at Google Singapore today.

Presented by Temasek Foundation and organized by Eco-Business, TLC was established in 2018 and has grown to become a global crowdsourcing platform for sustainability solutions. 

With eight successful editions concluded, the annual crowdsourcing platform has attracted thousands of applications globally, short-listed and incubated 54 finalists and deployed almost SG$14 million in catalytic funding to help these startups scale and commercialize.

“This catalytic boost of more than SG$4 million represents our commitment to turning bold ideas into real-world impact for the environment. Through The Liveability Challenge, Temasek Foundation is providing catalytic funding to empower innovators to push boundaries, tackle pressing challenges and create lasting benefits for the planet and future generations,” said Heng Li Lang, head of Climate and Liveability at Temasek Foundation.

“We are also delighted to welcome A*STAR on board as a new partner, whose development support and resources will further strengthen the innovators’ journey from lab to market,” she added.

The 2026 edition will seek out innovative, groundbreaking solutions addressing urban challenges across two themes — Decarbonization and Cool Earth.

A*STAR joins as the co-presenter of the Decarbonization theme, lending its scientific know-how, industry partnerships and national test-bedding facilities to help finalists pilot and scale their innovations locally and globally.

Committing up to SG$2 million annually for the next three years, A*STAR will significantly contribute to TLC’s mission of accelerating technology development and commercialization pathways.

“Climate change affects all of us, impacting our health, work and how we live. As part of A*STAR’s efforts to decarbonize Jurong Island and play an active role in enabling Singapore’s goal to achieve net zero by 2050, we are delighted to partner Temasek Foundation in The Liveability Challenge. We look forward to partnering with start-ups from all over the world to co-develop innovative solutions to accelerate solutions for decarbonization, and achieve these important goals together,” said Irene Cheong, assistant chief executive (Innovation & Enterprise) at A*STAR.

Each TLC edition culminates in a Grand Finale during Ecosperity Week in Singapore, showcasing the finalists’ deep-tech solutions. Two steering committees on the two themes will select the finalists to pitch their solutions to judges and investors at The Liveability Challenge Grand Finale during Ecosperity Week 2026 on May 18 to 21 next year.

The Decarbonization theme revolves around disruptive deep-tech solutions that provide scalable and impactful solutions to reduce carbon emissions across diverse industries, including waste-to-resource, renewable energy and energy efficiency.

To support the Decarbonization theme, A*STAR is opening its doors to finalists, granting them access to cutting-edge scientific expertise at the A*STAR Institute of Sustainability for Chemicals, Energy and Environment (A*STAR ISCE²), as well as national test-bedding facilities such as the Low Carbon Technology Translational Testbed (LCT³) on Jurong Island.

These facilities will enable technologies to be trialed in real-world industrial conditions in Singapore, a critical step that de-risks commercial adoption and ready solutions for international deployment.

Meanwhile, the Cool Earth theme is about Innovative solutions that enhance mitigation, resilience and adaptation to extreme weather events (especially heat) for a more liveable planet, including large-scale cooling benefits and adaptive solutions that strengthen resilience across diverse industries.

The launch event also featured a high-level panel on “Catalytic capital: Accelerating climate innovation” with thought leaders from A*STAR, Google, Breakthrough Energy and Antares Ventures sharing strategies to unleash the next wave of climate tech solutions.

Under the theme “Solutions that scale. Impact that lasts,” TLC 2026 opened the call for submissions and will close on Feb. 9, 2026.

 

SparkUp is BusinessWorld’s multimedia brand created to inform, inspire, and empower the Philippine startups; micro, small and medium enterprises (MSMEs); and future business leaders. This section will be published every other Monday. For pitches and releases about startups, e-mail to bmbeltran@bworldonline.com (cc: abconoza@bworldonline.com). Materials sent become BW property.

11 women named as recipients of the 2025 ASEAN-UK SAGE Women in STEM Scholarships

The UK and ASEAN, through the ASEAN-UK SAGE Programme, announced the 2025 recipients of the ASEAN-UK SAGE Women in STEM Scholarships last Aug. 21. Launched in 2024, this scholarship aims to address gender disparities in access to science, technology, engineering and mathematics (STEM) education and careers across ASEAN countries and Timor-Leste, and empower the next generation of women in STEM.

“With the second cohort of scholarship recipients set to make their journey to the UK, this highlights the UK and ASEAN’s shared ongoing commitment to gender equality and female empowerment in STEM,” Secretary-General of ASEAN, H. E. Dr. Kao Kim Hourn said.

“By supporting girls and marginalized communities in accessing education and improving foundational learning, we aim to bridge the gender gap and foster a more inclusive and innovative future. ASEAN is pleased with the positive outcomes from the ASEAN-UK SAGE Programme, which aims to enhance collaboration and mutual benefits between the regions.”

After a highly competitive selection process, which saw hundreds of students from across all 10 ASEAN countries and Timor-Leste apply, ASEAN-UK SAGE is delighted to announce 11 outstanding women from eight countries will be traveling to the UK later this year to begin their master’s studies at either the University of Manchester or the University of Warwick. These talented individuals share a passion and vision to make a difference in their respective countries through STEM, a field where women have traditionally been underrepresented.

This includes two scholarship recipients from the Philippines, Dannah Celine Gutierrez and Marie Eirene Fabon, who will be studying Renewable Energy and Clean Technology at the University of Manchester, and Humanitarian Engineering at the University of Warwick, respectively.

Each recipient will receive a fully funded opportunity to complete a master’s degree at the prestigious University of Warwick or the University of Manchester and will be traveling to the UK to take up their studies beginning September. It is hoped that the scholars will go on to have successful careers in STEM, and to become inspirational role models to other women, as advocates and leaders in their field.

The scholarships have been developed by the British Council and are funded by the UK Government through the ASEAN-UK SAGE Programme.

UK Development Director for Indonesia and ASEAN Amanda McLoughlin said, “As a dedicated ASEAN Dialogue Partner, the UK is proud to support these exceptional women in STEM through the ASEAN-UK SAGE scholarships. Investing in women’s education is not just about equality. It’s about unlocking economic potential and driving inclusive development across ASEAN. Through this program, we’re helping build the skills and leadership needed for a more prosperous and equitable region.”

Summer Xia, director Southeast Asia, British Council said, “We are thrilled to announce the second cohort of ASEAN-UK SAGE Women in STEM scholars and can’t wait to see the impact they will make as they embark on their master’s studies in the UK. As a lead implementation partner of the ASEAN-UK SAGE Programme, the British Council is proud to support these exceptional women on their academic journeys. We look forward to seeing how they will advance STEM in their communities and across the region in the years to come.”

The ASEAN-UK SAGE Programme aims to foster the integration of the ASEAN Member States by bridging the educational gap through collaboration with key decision-makers and players to improve foundational learning for girls, address out-of-school girls and marginalized groups, and tackle gender barriers to digital skills and employment.

The ASEAN-UK SAGE Women in STEM Scholarships program affirms ASEAN’s commitment for gender equality and women’s empowerment, and supports its objectives of creating opportunities for greater women’s participation in STEM fields. It also contributes to the ASEAN-UK Plan of Action 2022-2026 particularly in strengthening engagement between UK and ASEAN education institutions, staff, and students through scholarship initiatives.

 

SparkUp is BusinessWorld’s multimedia brand created to inform, inspire, and empower the Philippine startups; micro, small and medium enterprises (MSMEs); and future business leaders. This section will be published every other Monday. For pitches and releases about startups, e-mail to bmbeltran@bworldonline.com (cc: abconoza@bworldonline.com). Materials sent become BW property.

First Gen sets $20-B plan to grow capacity to 13GW

FIRSTGEN.COM.PH

LOPEZ-LED First Gen Corp. expects to spend around $20 billion over the next five years to expand its power portfolio to 13 gigawatts (GW) within and outside the Philippines.

First Gen President and Chief Executive Officer Francis Giles B. Puno said the company is banking on renewable energy initiatives to drive growth.

“Part of (the 13-GW goal) is really growing of geothermal, solar, and hydro,” Mr. Puno told reporters last week.

The company currently has a total generating capacity of 3,688 megawatts (MW) from geothermal, wind, hydropower, solar, and natural gas plants.

First Gen, known as a leading geothermal producer through subsidiary Energy Development Corp., is hoping to start drilling for its Amacan geothermal project in Mindanao next month.

“We’re hoping to generate at least 70 to 100 MW,” Mr. Puno said.

Outside the Philippines, the company is planning to expand in Indonesia by developing up to 600 MW of geothermal capacity. The Philippines has 1,952 MW of geothermal capacity, making it the third-largest producer after Indonesia.

First Gen is also aiming to scale up its solar and hydropower initiatives as part of its growth plan.

Mr. Puno said the company is also working with Razon-led Prime Infrastructure Capital, Inc. to expand its natural gas business. Prime Infra is acquiring a 60% equity stake in First Gen’s gas portfolio for P50 billion, which covers five power plants and an interim offshore liquefied natural gas terminal.

While there is momentum toward its target, Mr. Puno said achieving 13 GW by 2030 remains challenging due to the long development timelines of power projects.

“The reason why we came up with the 13 GW is to align with the pronouncement of the government on how much capacity is needed,” he said.

Under the Power Development Plan 2023-2050, the country’s total peak demand is projected to rise from 16,596 MW in 2022 to 68,483 MW in 2050. — Sheldeen Joy Talavera

Cary Santiago’s animal chic

complements Diagold’s sparkle

THERE was no escaping the glam at the Diagold and Cary Santiago show on Sept. 11. Amid all the (literal) gold and diamonds (not just on the jewels, but the clothes themselves), one felt strangely inadequate in plain black and white.

Prior to the show at the Shangri-La The Fort, the Cebu-based jewelry brand (which was collaborating with the Cebuano designer), showed off its new collection in a showcase at the center of the ballroom. The collection, called Crown Jewels, showed bold colored gemstones — rubies, sapphires, emeralds, and yellow diamonds — in royal-worthy settings, surrounded and paved by halos of diamonds.

The jewels were worn on the runway: dresses accented with diamond drop pendants, pink sapphire eardrops, a large diamond brooch, an emerald parure, a necklace made of numerous rows of sapphires, and more than a sprinkling of yellow diamonds.

The clothes held their own, despite the sheer weight of the jewels (we noted that some of the stones were as large as bird eggs).

The first dress out on the runway had a huge gold eagle at the bust and skirt, executed in braid. A hat that looked like it came from the Dior archives accompanied a dress with a skirt scattered with ostrich feathers, followed by an all-black lace outfit. Silver baroque foliage added to the drama of a cape with silver tubes, then tassels added movement to a white net dress.

More tassels are seen in an underrobe worn by a man, accompanying a suit. A gold lamé dress similar to a 1953 William Travilla gown made for Marilyn Monroe made an appearance on the runway, improved with sculptured bows and cranes at the back.

There was a sculptured bodice with padded hips (similar to a 1950s Balenciaga creation). A beaded flapper dress made one think of Liza Minelli in Cabaret, while the men joined the fun with a velvet hooded jacket.

Gold “feathers” (actually fabric designed to look like them) were all around a floor-length dress, that got a nod of approval from an audience member wearing (almost) the same thing.

A dress was quite literal with sculptured spiders crawling over it, followed by a dove-gray dress adorned with (you guessed it) gray doves. Another dress came with anatomically correct herons, while another dress had the birds forming the gown’s hips.

Numerous animals made it on the runway: we’ve covered the birds, but there was another dress in bronze, with an iguana on the shoulder, its mouth holding the skirt. Another dress came in the shape of a cobra, the snake’s hood forming, well, the hood, with an embossed pattern that mimicked the snake’s scales. Animal prints also came in the picture, with stylized interpretations of leopard and zebra print.

The finale dress showed off mounds of fabric cut and layered to look like feathers, fluttering as it went down the runway, seeming almost alive.

That is Cary Santiago’s gift: using natural forms of animals and making them wearable. Active in the business for over 20 years, the show on Sept. 11 marked his first Manila solo show in a decade. One might argue that he’s one-note, but if he’s good at it, he might as well keep at it.

“My collection is inspired by fauna: those that fly, run, and grow,” he said in a video shown prior to the show. “I also love the feathery softness of birds in flight.”

DiaGold has branches in Ascott Makati, Glorietta 1, SM Grand Central, SM City Iloilo, SM City Cebu, SM Seaside City Cebu, SM City Davao, SM City Bacolod, Ayala Malls Capitol Central Bacolod, Ayala Center Cebu, Nustar Resort & Casino Cebu, and Waterfront Hotel and Casino Cebu. — Joseph L. Garcia

Creative innovators recognized in Benilde Alumni Technopreneur Awards

Entrepreneurs and innovators whose young businesses promise potential for growth and future success in their respective industries were recognized at the recently concluded Benilde Alumni Technopreneur (BeAT) Awards.

Established in 2019 by the De La Salle-College of Saint Benilde (DLS-CSB) through the Center for Partnership Advancement (CPA), the BeAT Awards began as a platform to guide and honor startups which utilize technology to bridge entrepreneurship and social transformation.

It has since drawn homegrown talents across various disciplines, to include IT and digital media, business and marketing, tourism and hospitality, human resource development, and the creative industries.

In collaboration with the Hub of Innovation for Inclusion (HiFi) and Center for Intellectual Property Management (CIPM) — with aid from the Department of Science and Technology and generosity of HiFi benefactor and patron, Peter D. Garrucho, Jr., OBE — the initiative has grown into a launchpad which offers cash grants, business development support, and mentorships to assist founders to scale their missions.

Led by the CPA, this year’s edition commenced with a peer-driven boot camp which challenged, equipped, and connected the finalists for the realities of startup life.

The judging adapted a Shark Tank–style format, wherein the finalists presented their ideas to a panel composed of CWC Interiors President Fred Yuson, Paragon Brokerage Corp. President and Federation of La Salle Alumni Associations of the Philippines Chairman Henry Atayde, and marketing and advertising expert and former Benilde Center for Institutional Communications (CIC) Director Adie Peña.

The entries were screened based on technological innovation, entrepreneurial spirit, economic sustainability, and social, environmental and community impact. Their Benilde X factor — their ability to do “ordinary things extraordinarily well” — was likewise commended. 

Mary Grace Silverio, Career Development Program scholar and Business Administration graduate, nabbed the Grand Trailblazing Beat Award for her Tambanokano Aqua Farms, a social enterprise which aims to revolutionize the mud crab aquaculture through sustainable Crab Condominium technology and Recirculating Aquaculture Systems (RAS). 

Ms. Silverio aims to empower coastal communities with high-yield and eco-friendly farming solutions which bridge the gap between seafood demand and responsible production. Her goal is to ensure a quality seafood supply while enhancing fishermen’s livelihoods and to promote marine conservation.

The Trailblazing Tech-for-Good recognition was granted to Interior Design alumna Lalaine Almoro. With Gussy Design, Inc., she elevates home styling through a tech-powered platform which delivers professional, quick, affordable, and seamless design services.

Amy Nayve, a homegrown talent from the Industrial Design Program, was hailed as the Trailblazing Creative Disruptor. She is the founder of Pumapapel PopUp Design Studio, the country’s first and only studio dedicated to paper engineering — transforming stories and blank sheets into moving works of art and brands into interactive experiences. 

Finally, the Trailblazing Social Impact Award was bestowed upon Hospitality Management major Diana Joyce Lorenzo from the School of Hotel, Restaurant, and Institution Management (SHRIM). Through Unit 605 Coffee, Ms. Lorenzo serves mindfully crafted cold brew which is gentler on the gut and friendlier to the acidic.

 

SparkUp is BusinessWorld’s multimedia brand created to inform, inspire, and empower the Philippine startups; micro, small and medium enterprises (MSMEs); and future business leaders. This section will be published every other Monday. For pitches and releases about startups, e-mail to bmbeltran@bworldonline.com (cc: abconoza@bworldonline.com). Materials sent become BW property.

MGEN eyes Malaysia entry to supply data center power

STOCK PHOTO | Image by Esmonde Yong from Unsplash

MERALCO POWERGEN CORP. (MGEN), the power generation arm of Manila Electric Co. (Meralco), is planning to enter Malaysia to capture rising electricity demand from data centers.

MGEN President and Chief Executive Officer Emmanuel V. Rubio said the company is eyeing the development of new or existing power plants with a capacity of up to 1,500 megawatts (MW) by 2028.

“There’s opportunity. Malaysia’s preparing for investments in data centers,” he told reporters last week.

“They’re expecting or trying to attract 8,000 MW of capacity (for data centers).”

Malaysia has become a data center hub in Southeast Asia, benefiting from its proximity to Singapore and the growing need for cloud and artificial intelligence services.

These facilities require large amounts of uninterrupted power to operate.

To pursue its Malaysia expansion, MGEN is seeking a local partner, according to Mr. Rubio.

MGEN and its subsidiaries have a total net sellable capacity of over 5,000 MW from coal, liquefied natural gas, diesel, and solar facilities.

Outside the Philippines, MGEN holds investments in Singapore-based PacificLight Power (PLP), which recently completed a 100-MW fast start ancillary services facility.

PLP is also preparing to construct a 670-MW hydrogen combined cycle gas turbine plant, targeted for completion by January 2029.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

Luxury brands’ big challenge: figuring out Gen Z

MIU MIU has attracted first-time luxury buyers with leather bag charms, which retail in the range of $240 to $1,250. — MIUMIU.COM

NEW YORK — Fleur Arbel and Christophe Kairouz, both from France, were lured into Louis Vuitton’s New York flagship recently by a colorful sculpture of a monogrammed giraffe and ostrich above the store’s entrance.

But the two 24-year-olds are more likely to spend their shopping dollars elsewhere, as Louis Vuitton’s heavy logos and styles strike them as passé.

“I think they failed to keep the luxury image in a way,” said Kairouz. “I think they need to create something new, original.”

Arbel and Kairouz are a tiny fraction of the Gen Z cohort born between 1998 and 2012: the luxury industry’s new frontier. The group made up 4% of global luxury spending before the pandemic; by 2030, they will account for 25%, according to Boston Consulting Group.

Executives, consultants, and analysts say this generation is harder to pin down than their predecessors. They are influenced by a global social media landscape and tend to mix-and-match goods from established names with trendier labels, shopping everywhere from TikTok to thrift stores. Legacy brands trying to attract Gen Z consumers have used influencers, pop-up shops, and affordable items like bag charms.

“There’s a lot of similarity between Gen Z in Shanghai and Los Angeles and London,” said Scott Roe, chief financial officer and chief operating officer of Coach-parent Tapestry.

More affordable luxury companies like Coach and Ralph Lauren — whose revenue rose 6.8% in the 12-month period ended in March — are capitalizing on the generational shift. Coach has gained cache with Gen Z due to using influencers, personalization services, and focusing on sustainability, experts said. Coach’s total revenue rose 9.9% to about $5.6 billion for the 12-month period ended in June.

Tapestry’s Roe said Gen Z is not less brand-loyal than other generations, but it is harder for brands to reach these consumers because shoppers have more choices. “To break through, you need to have a strong share of voice.”

That voice is pricey: Tapestry increased its marketing spend from 3% of sales pre-pandemic to 10% this year, according to its May earnings call, but did not disclose how much it targeted Gen Z specifically.

Brands are contending with upstarts and smaller established labels like Collina Strada and Mary-Kate and Ashley Olsen’s The Row, which climbed two spots to sixth place in the most recent Lyst Index of hottest luxury brands. Lyst, a global fashion shopping platform, tracks shopper behavior and social media engagement for more than 160 million users on its site and is the “biggest dataset in fashion,” according to the company.

Hillary Taymour, creative director of Collina Strada, said they started targeting Gen Z in 2020 with digital ads. Now, Gen Z and Millennials account for 58% of its business. “It mixes sustainability with a playful, meme-driven aesthetic,” she said, citing the brand’s “inclusive casting and diverse runway shows” that make younger audiences feel like part of a community.

AFFORDABLE ITEMS DRAW IN YOUNGER SHOPPERS
Not all fashion powerhouses are being left on the shelf. Luxury labels from Kering-owned Bottega Veneta, Prada Group’s Miu Miu, and LVMH-owned Loewe continue to do well with Gen Z, as Miu Miu currently ranks first on the Lyst Index, followed by Loewe.

Miu Miu sales rose 49% in the first half of 2025 compared to the same period in 2024, capturing first-time luxury buyers with leather bag charms, which retail in the range of $240 to $1,250. “Brands like Miu Miu succeeded because single pieces mirror the brand identity, allowing Gen Z consumers to buy into the brand without having to purchase a full look,” said Achim Berg, founder of FashionSIGHTS, an industry think-tank.

Less expensive items draw in younger luxury shoppers, who are still more budget-conscious than their elders. In August, spending among Gen Z and Millennials — those born after 1978 — rose by just 0.5% from the previous year, according to Bank of America, in comparison to a 2.4% increase for Baby Boomers.

“When I shop luxury, I think about ‘what’s going to last me a long time?’ I’m spending a lot of money on an item, I want something I’m not going to get sick of in five or 10 years,” said Kendall Still, a 26-year-old Los Angeles native.

Some brands have struggled. Sales at Kering-owned Gucci fell 25% in the second quarter, and the company ousted CEO Stefano Cantino after just nine months on the job on Sept. 17.

Data from Gen Z researcher dcdx, which tracks mentions and interactions with user-generated brand content, showed Gucci suffered the sharpest decline on social media among top luxury labels over the past year.

Over the last two years, Kering shares have lost 43% of their value while Tapestry has more than tripled. Gucci did not respond to a request for comment.

“Legacy brands are splitting into clear winners and losers,” said Frederica Levato, senior partner at Bain & Co.

The next players to emerge globally could be Chinese brands like Uma Wang and Shushu/Tong. In Asia, newer Chinese companies are gaining traction with younger shoppers, due to their digital fluency and ability to capture China’s national identity, Chanel CEO Leena Nair said at The Economic Club of New York on Sept. 16.

“You cannot take the longevity of a brand for granted; you stay in the public consciousness and you have the iconicity because you’re relevant and timely, and constantly modern,” she said. — Reuters

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