Bloomberry revives efforts to sell South Korean unit

Bloomberry Resorts Corp., the gaming firm of billionaire Enrique K. Razon Jr., has renewed interest to dispose of its loss-making South Korean unit in Jeju Island.

In its disclosure, the company said its South Korean indirect subsidiary, Golden and Luxury Co. Ltd. has signed a share purchase agreement with Gangwon Blue Mountain Co. Ltd.

Under the agreement, Bloomberry will spin-off, or demerge, its South Korean casino business into a separate company and then sell this to Gangwon.

A down payment of 500 million Korean won was given to Bloomberry, but the price will be determined after the spin-off.

‘The completion of the transaction and payment of the purchase price shall be conditioned on completion of the demerger, due diligence and regulatory approvals,’ Bloomberry said in its disclosure.

In April 2015, Bloomberry, through its wholly-owned subsidiary, Solaire Korea, acquired majority ownership of G and L, which operated a hotel and casino property in Jeju under the brand name T.H.E Hotel and Vegas Casino.

Upon takeover of operations by Bloomberry, the property was rebranded as Jeju Sun Hotel and Casino. The property consists of a 202-room hotel with 5 Hibiscus rating, 2,000 square meters of gaming space with 36 tables and 20 electronic gaming machines.

The property has four food and beverage outlets to service its hotel guests and casino players. In 2018, a reorganization was implemented to separate hotel and casino operations.

In the fourth quarter of 2018, Jeju Sun embarked on a renovation project covering 164 rooms, restaurants, lobby, building facade, sports bar, gym, sauna, back of the house and a new ballroom for the purpose of securing the 5 Hibiscus rating that is required to keep its gaming license. Renovations were completed in December 2019.

Bloomberry had previously attempted to sell its Jeju operations amid financial challenges, and focus on the much larger operations in the Philippines.

For the first half of the year, Jeju Sun registered net revenues of P128.69 million, a 20 percent decline from the previous year’s P160.86 million.

It incurred a net loss of P64.16 million, narrower than the previous year’s P116.86 million.

Retired officers warn: Military junta ‘catastropic betrayal of democracy’

RETIRED military officers have broken their silence amid political tension, warning against any extra-constitutional moves such as a military junta, calling it a ‘catastrophic betrayal of democracy.’

In a strongly worded statement dated October 24, the Association of General and Flag Officers (Agfo), composed of retired senior officers of the Armed Forces, expressed ‘full and unequivocal support’ for the Department of National Defense (DND) and military leadership in their commitment to constitutional order.

‘Any extra-constitutional move, such as a military junta, would be a catastrophic betrayal of our democracy,’ the group said.

‘It would betray the very democratic principles we spent our careers defending and invite devastating consequences that would harm our economy, our international standing, and the daily lives of every Filipino.’

The statement was issued amid corruption exposés in government infrastructure projects and speculations of alleged destabilization efforts.

Defense Secretary Gilberto Teodoro earlier warned of ‘catastrophic consequences’ should any group attempt to undermine civilian authority or constitutional order.

The Agfo, president retired Maj. Gen. Gerardo Layug, said the group supports Teodoro’s call for unity and adherence to democratic processes.

‘As history has repeatedly taught us, the military is not the solution to political problems,’ the statement read.

The group acknowledged widespread public anger over corruption scandals but drew a sharp distinction between legitimate dissent and unconstitutional acts.

‘We recognize and share the profound, righteous indignation against corruption. This is not a partisan cause; it is a patriotic duty,’ Agfo said.

‘However, a clear and unambiguous line must be drawn. To peacefully demand accountability from public officials is a protected democratic right. To exploit these legitimate public sentiments to advance a separate, unconstitutional agenda is a betrayal of the very people and institutions we are sworn to protect.’

Agfo urged Filipinos to uphold ‘sobriety and unity under the constitution,’ saying the only acceptable way forward is through lawful and democratic means.

‘The only path forward is to demand accountability and fight corruption through the legal and democratic mechanisms our nation provides,’ it added.

Agfo, established in 1998, has consistently spoken out on issues affecting national security, military professionalism and governance.

Phivolcs record minor eruptions at Taal

Taal Volcano had a series of minor eruptions on Sunday, the Philippine Institute of Volcanology and Seismology (Phivolcs) reported.

Phivolcs said it recorded one phreatic and two phreatomagmatic explosions at the volcano’s main crater.

The phreatic eruption occurred at 2:55 a.m., followed by phreatomagmatic events at 8:13 a.m. and 8:20 a.m. The eruptions generated plumes between 1,200 and 2,100 meters above the crater.

A phreatic eruption occurs when water comes into contact with hot volcanic materials such as rocks or gases.

No magma is involved in this type of eruption, which produces only a steam plume.

Meanwhile, a phreatomagmatic eruption happens when magma interacts with water, generating steam, ash, and occasionally fragmented volcanic materials.

Taal is one of the country’s most active volcanoes. It is believed to be the smallest active volcano in the world.

Phivolcs, however, maintains the Alert Level 1 status of Taal Volcano, which means ‘low-level unrest.’

Nevertheless, Phivolcs warned that sudden phreatic or phreatomagmatic explosions, volcanic earthquakes, minor ashfall, and lethal accumulations of volcanic gases may still occur in the main crater.

Phivolcs said people are prohibited from going to the volcano island, particularly the main crater, owing to the risk of sudden hazardous events.

Legislator welcomes Saudi Arabia’s abolition of Kafala system

THE chairman of the House Committee on Overseas Workers Affairs has welcomed Saudi Arabia’s abolition of the Kafala system, describing it as a ‘long overdue reform’ and a ‘major victory for migrant workers.’

Party-list Rep. Bryan Revilla of Agimat, chairman of the House Committee on Overseas Workers Affairs, however, said that the move also ushers in a new phase of responsibility that requires ‘constant vigilance and strong diplomatic engagement.’

Under the Kafala system, a foreign worker’s employment and residency were controlled by a private sponsor, restricting job mobility and exit without the employer’s consent. The new contract-based model now provides workers with greater freedom of movement, legal protection, and alignment with international labor standards.

‘While the Kafala system has been formally abolished as a legal framework in Saudi Arabia, it remains important to examine its enduring cultural and social effects. Legal reforms are a significant step forward, but fostering a genuine shift in perspectives and practices toward migrant workers is an ongoing process,’ the lawmaker said.

Citing 2023 Philippine Statistics Authority (PSA) data showing that Saudi Arabia remains the top destination for overseas Filipino workers (OFWs), Revilla emphasized that the policy change directly affects hundreds of thousands of Filipino workers.

He urged the Department of Migrant Workers (DMW) to ensure the reform’s full and proper implementation, warning that gaps in enforcement could still expose OFWs to abuse, coercion, or denial of their rights.

‘This is a big step toward the greater safety and security of our OFWs. Since this reform opens doors to improve their lives, we must make sure it does not remain just on paper. It must be backed by close monitoring, sustained attention, and strong coordination between the DMW and OWWA so that every worker feels the change in their daily lives,’ Revilla said.

He also noted that this development gives the Philippines stronger leverage to encourage other Gulf states that still retain similar sponsorship systems to adopt comparable reforms. He called on the DMW and the Department of Foreign Affairs (DFA) to intensify bilateral talks and push for improved labor protection standards across the Middle East.

Revilla cautioned, however, that legal reform alone cannot undo decades of abuse. He stressed that cultural transformation and vigilant enforcement are equally necessary to protect the country’s modern-day heroes.

To ensure that reforms translate into real protection, Revilla called for stronger coordination between the DMW and OWWA in areas such as emergency assistance and repatriation, legal aid and hotlines, and comprehensive pre-departure and post-arrival orientation programs-supported by adequate funding that reflects on-the-ground realities.

Rediscovering the spirit of Christmas: A night of celebration and reflection at the Manila Peninsula

‘See you at 4 p.m., Manila Pen,’ buzzed the message on my cell phone. It was from Ambassador Reynaldo Catapang, the venerable dean of the diplomatic corps. When I arrived, the hotel lobby was already alive-children laughing, adults mingling, a festive hum rising beneath the glittering chandeliers. The holiday spirit was palpable, swirling with the aroma of brewed coffee and nostalgia.

Ambassador Catapang, legal luminary Ramon Posadas, and I found ourselves swept into the warmth of the Manila Peninsula Christmas Tree Lighting Ceremony, that annual ritual which signals, in this part of the world, the longest Christmas season on earth.

As we savored the merienda buffet-cochinillo, cold cuts, tapenade, and tuna nigiri-the conversation turned sentimental. We recalled the Christmases of our youth, when joy was handmade: when bottle caps became tambourines, tin cans our improvised drums, and we caroled house to house for coins and sweets. Between mouthfuls and laughter, memories tumbled out-moonlit games of patintero and tumbang preso, the trumpo spinning madly in the dust, and the neighborhood chorus of ‘Ang Pasko ay Sumapit.’ Those were nights when imagination outshone technology, and joy required no battery charge.

‘Today’s kids,’ we mused, ‘know neither piko nor tumbang preso.’ We sighed, half in jest, half in mourning for lost playgrounds and vanished laughter. Yet as the Peninsula Strings began to play Broadway tunes, we were children once more-three boys grown old, rediscovering wonder over shared food and story.

‘Christmas here is different,’ Ramon observed, watching as a drone hovered gracefully across the lobby, capturing the spectacle below. For him, it was a first at the Pen; for the Ambassador, a cherished tradition. I, meanwhile, found myself searching for the famed tree. It wasn’t immediately visible-just ornaments scattered like breadcrumbs of joy across the vast hall.

We chuckled as Ramon confessed he, too, couldn’t spot it. Conversation drifted to his forthcoming memoir, a chronicle of a life steeped in law and rebellion. He recalled how, as a student during the First Quarter Storm, he once defended himself in court even before passing the Bar-much like the young Marcos who argued his own case before the Supreme Court.

In a quieter interlude before the ceremony, Ramon narrated how, just weeks earlier in New York, he was nearly turned away from the Philippine Consulate after hours-until he invoked Ambassador Catapang’s name. The mention was enough; doors opened, warmth replaced cold. Such is the power of earned respect, the invisible currency of friendship.

At last, as the clock struck six, the lights dimmed-and then, burst! -the 45-foot Christmas tree came alive in a shower of gold and silver brilliance near the grand entrance. The crowd gasped; Ramon and I exchanged childlike grins. Then, the Battig Chamber Singers of St. Scholastica’s College began to sing, their harmonies rising like prayer. For a moment, everything-hustle, cynicism, worry-paused.

‘On this special evening,’ the Manila Peninsula proclaimed, ‘the city’s holiday season begins as our 45-foot Christmas Tree comes to life in a dazzling display of lights.’ Indeed, the air itself seemed to shimmer with hope, promise, and reconciliation.

And in that glow, I remembered a moment from history-the Christmas Truce of 1914, when soldiers from opposing trenches in World War I, weary from months of mud and gunfire, laid down their arms on Christmas Eve. They emerged cautiously from their dugouts, not with rifles, but with carols. They shared rations, exchanged souvenirs, and even played football in the no-man’s land that had divided them. For one night, humanity eclipsed hostility; peace, however fleeting, triumphed over fear. If men who faced death could find fellowship under frozen stars, surely, we too can pause our daily battles and rediscover compassion.

For the Peninsula, that spirit found embodiment in the children of Make-A-Wish Philippines, who joined in lighting the tree. Their eyes glowed with the kind of wonder that reminds us-the magic of Christmas shines brightest when shared.

As the carols swelled and the lights danced across the lobby, I felt it again-the miracle of renewal, the joy that never really leaves us. Christmas, after all, is not a date on the calendar but a melody in the soul-a reminder that even in our fractured world, light still finds a way through the cracks.

DFA prepares repatriation of more than 200 Filipinos arrested in Myanmar scam hubs

MORE than 200 Filipinos arrested in Myanmar during a sweeping military operation on scam hubs are now seeking repatriation, the Department of Foreign Affairs (DFA) confirmed on Sunday.

The crackdown, conducted on October 20, targeted KK Park in Myawaddy, a notorious compound near the Thai border known for housing transnational cybercrime syndicates.

Myanmar’s military detained over 2,000 individuals, including foreign nationals, and seized 30 Starlink satellite devices allegedly used to facilitate online scams. The operation was part of a broader regional push involving Thai and Chinese authorities to dismantle scam networks exploiting migrant labor.

The DFA said that 222 Filipinos were among those arrested and have since requested repatriation assistance.

Of these, 66 have crossed into Thailand and are being processed by Thai authorities, while nine are now in Yangon in the custody of Myanmar officials.

The usual repatriation process involves both the Philippine Embassies in Yangon and Bangkok, requesting clearance for affected Filipinos to cross into Thailand and be repatriated via Bangkok. Clearance typically takes three to four weeks from the time of request.

‘The Department, in coordination with the Department of Migrant Workers [DMW] and other relevant agencies, remains committed to the safe repatriation of affected Filipinos through established Government-to-Government [G2G]channels,’ the DFA said.

Filipinos in scam hubs or their families may contact the Philippine Embassy in Yangon for assistance through the following hotlines:

Major witness set to attend next Senate Blue Ribbon hearing

SHOULD he be reelected as chairman of the Senate Blue-Ribbon committee when the Senate resumes session on November 10, Senate President Pro Tempore Panfilo M. Lacson said he will set Nov. 14 as the panel’s next hearing on allegedly anomalous flood control projects.

Lacson said a ‘very important witness’ will be invited to the hearing to speed up the filing of airtight cases against some politicians, Department of Public Works and Highways officials and erring contractors.

Retired Marine TSgt. Orly Guteza, who earlier testified that as security consultant he participated in dropping off ‘basura’ (bundles of cash stashed in bags and boxes) at addresses associated with politicians, will also be invited to the next hearing.

‘If elected again as Blue-Ribbon [committee] chairman on Nov. 10, our hearing will resume on Nov 14. To help speed up the filing of airtight cases against some politicians, DPWH officials and errant contractors, we will invite among others, a ‘very important witness’ and retired TSgt. Orly Guteza to shed more light on his ‘sinumpaang salaysay,” Lacson said in a post on X.

Guteza is the ‘witness’ presented by Sen. Rodante Marcoleta at the panel’s September 25 hearing. Marcoleta said Guteza was referred to him by former congressman Michael Defensor.

In his testimony, Guteza claimed that he delivered suitcases of cash, which he said was codenamed ‘basura [trash]’, to the homes of ex-Rep. Elizaldy Co and former Speaker Martin Romualdez. Romualdez denied the allegations.

Lacson said the Blue Ribbon committee left the investigation of the possible violation in Guteza’s notarized document to the Executive Judge of the Manila Regional Trial Court, after lawyer Petchie Rose Espera denied notarizing, signing or participating in the preparation of Guteza’s affidavit.

On the other hand, Lacson said he has discussed with Senate President Vicente Sotto III the idea of taking back back the Blue-Ribbon committee chairmanship, after he vacated the post on October 6, citing the ‘disappointment’ aired by some members of the majority over his handling of the proceedings. Many members of the majority were since quoted as wanting Lacson to return.

Lacson maintained that he will maintain a blindfold mentality, meaning he will be impartial and go where the evidence leads him.

Pagcor chief cites roleof casinos in economy

INTEGRATED resorts and casinos have become the country’s major engines of tourism and economic recovery, with industry revenues soaring and new investments fueling growth, according to the Philippine Amusement and Gaming Corporation (Pagcor).

Speaking at the a forum on hospitality last Friday, Pagcor Chairman and CEO Alejandro H. Tengco said integrated resorts have turned into dynamic lifestyle and business hubs, reshaping the tourism landscape and creating new opportunities for growth.

‘Gaming, entertainment, and hospitality are not separate worlds but interconnected forces that drive growth, create jobs, and enrich the tourism experience,’ Tengco said.

The gaming and entertainment sector is still showing a robust rebound, according to Tengco, citing industry data. In two years, gross gaming revenues rose by 75 percent to $6.5 billion in 2024 from $3.75 billion in 2022, he said.

The Pagcor official, hence, urged industry players in gaming, tourism and hospitality to embrace sustainability and adapt to digital transformation.

‘The future of hospitality is being reshaped by technology and sustainability,’ Tengco said. ‘We must ensure that every guest experience also contributes to local well-being.’

According to him, the Pagcor has been modernizing its regulatory and operational frameworks while ensuring that operators follow the principles of responsible, transparent and sustainable gaming.

Stricter regulations on advertising related to gaming, intensified campaign against illegal gambling and the ban on gambling promotions in public areas and primetime are some of the agency’s initiatives.

‘At Pagcor, responsible gaming is not just a slogan but a commitment to protect the vulnerable, uphold transparency, and preserve public trust,’ Tengco said.

Tengco added that Pagcor seeks to remain not only a regulator but also a ‘catalyst for responsible growth.’

Pioneer champions a people-first approach to insurance

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

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

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

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

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

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

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

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

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

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

Marcos cites India’s crucial role in helping Asean with their ‘common concerns’

India will be a crucial partner of the Association of Southeast Asian Nations (ASEAN) in solving many of its ‘common concerns’ as it is poised to become the world’s fourth-largest economy, according to President Ferdinand Marcos.

The chief executive made the pronouncement at the 22nd ASEAN-India Summit in Malaysia during the weekend.

‘As a committed dialogue partner that recognizes the ASEAN centrality through its Act East policy which stresses ASEAN as a core pillar of its engagement, we may also turn our gaze to India for solutions to our common concerns,’ he said.

Marcos, who is the Country Coordinator for latest ASEAN-India Dialogue, will serve as chair of the ASEAN Summit to be held next year in the Philippines.

Based on the World Economic Outlook of the International Monetary Fund, India has become the fourth largest economy in the world.

The President also highlighted India’s crucial role in maintaining maritime peace in the Indo-Pacific region.

‘Foremost, as a maritime and archipelagic nation, I wish to highlight the great importance of the rule of law in our oceans. Both ASEAN and India should see peaceful settlement of disputes of maritime cooperation as essential as our seas contribute to the peace and prosperity of the entire Indo-Pacific region,’ Marcos said.

‘In this regard, I thank Prime Minister Modi for India’s consistent support for international law and the rule of law in our seas,’ he added.

Modi announced that 2026 will be the ‘ASEAN-India Year of Maritime Cooperation’ to promote maritime security and development.

During Marcos’ state visit to India in August, he discussed the country’s enhanced maritime cooperation with the Indian naval forces.

He thanked Indian Prime Minister Narendra Modi for being a gracious host in that state visit.

‘Last August, I had the privilege of visiting India at the invitation of Prime Minister Modi. And during my visit to the world’s largest democracy, I witnessed firsthand that as nations of the Global South, we share common challenges – and that deeper cooperation among us is essential,’ Marcos said.