Dead whale shark beached in Bacolod

A dead whale shark measuring between six to seven meters and weighing about four tons was found along the shore in this city yesterday morning.

The whale shark or butanding was found at around 4 a.m. by fishermen along the coast of Sitio Magsungay in Barangay Singcang-Airport. It bore injuries in the head and tail.

Authorities have yet to determine the cause of death of the marine mammal.

Lt.JG. Zindy Firmilo, chief of the Philippine Coast Guard-Bacolod substation, expressed belief that the whale was male.

Due to the size and weight of the whale, it will be difficult to move or transport the carcass for proper disposal, Firmilo said.

He said the whale shark may have to be cut into sections to facilitate its extraction and burial.

The carcass may be buried at a sanitary landfill in Barangay Felisa, subject to appropriate clearances and disposal procedures.

The Bureau of Fisheries and Aquatic Resources has reportedly allowed the city government to proceed with disposal of the dead whale shark.

50 golden years of love & friendship

Atruly heartwarming celebration marked the golden wedding anniversary of Meycauayan City, Bulacan Mayor lawyer Henry Villarica and Bulacan 4th District Rep. Linabelle Ruth Ramos-Villarica, who renewed their vows after 50 blissful years at St. Michael the Archangel Parish-BGC in Taguig City. Officiating the Mass were Caritas Philippines executive director Fr. Tito Caluag and bishop-emeritus of Caloocan Most Rev. Deogracias Iñiguez while Fr. Jerry Orbos, SVD, made an inspiring address at the reception held at the Grand Ballroom of Shangri-La The Fort, Manila in BGC, Taguig City. Surrounded by their children, lawyer Hailey Lynne Villarica-Ong, Harvey Lawrence, Hans Lerwyn and Henry Lester Villarica, their five beloved grandchildren, and an impressive circle of relatives and longtime friends from Ilocos Norte and Bulacan, the couple celebrated a beautiful milestone filled with cherished memories.

Linabelle looked regal in a Filipiniana-inspired red gown by Jo Rubio, while Henry was dapper in his signature barong Tagalog by Avel Bacudio. The elegant gathering also brought together business associates, colleagues,socio-civic leaders, and public servants, with a splendid six-tiered wedding cake by Penk Ching, adding to the festivities.

In a gracious gesture, the couple requested donations in lieu of gifts for Bulakeño families through the Lingkod Kalinga Bulacan Foundation Inc., making their golden celebration all the more meaningful.

A new chapter beneath the waves

The enchanting beauty of the sea takes center stage in international high- jewelry maison Jewelmer’s latest chapter of its revered La Mer en Majesté collection, with the exquisite Constance Brooch leading the way into an underwater realm of wonder. Inspired by the ocean’s delicate foam, triumphant skies, and vibrant marine life, the elegant creation celebrates the

luminous golden South Sea pearl as a symbol of the sea’s enduring majesty. With its graceful design and enduring allure, the Constance Brooch evokes an enchanted kingdom where nature’s treasures and the maison’s artistry come together in splendid harmony.

An anchors away affair

The Lovely Ladies group, headed by the always thoughtful duo of Marissa Fenton and Roselle Rebano, gathered at Chef Jessie at Rockwell Club restaurant in Makati City for a delightful Anchors Away-themed celebration honoring the group’s wonderful birthday celebrants.

The charming affair, with a maritime motif, brought together the lovely ladies for an evening of warm camaraderie, festive cheer and joyful birthday greetings. Adding to the buoyant mood was entertaining musical accompaniment by Allan Matas, making the occasion a memorable and congenial celebration of friendship and fellowship.

Second-half rally takes Sarasavi Uyana through in inaugural girls’ rugby encounter

Sarasavi Uyana College produced an impressive performance to defeat Hemamali Girls’ School 32/10 in the inaugural ‘Singha Denuwange Ran Satana’ 12-a-side girls’ rugby big match, played at

the Bogambara Grounds in Kandy recently.

Hemamali made the early breakthrough through Chaturika Ranaweera, while Tisali Perera replied for Sarasavi Uyana. At the short breather it was 10 apiece.

Sarasavi Uyana raised the tempo after the break, adopting an attacking approach and putting the Hemamali defence under pressure. Isanka, Kaumodi, Umasha and Bimasa crossed the line, with a successful conversion helping the winners complete a 32-point tally. Heshan Gamage coached the winning outfit. Deepal Punyawardena refereed. Isanka Weeraperakrama won the Player of the Match award while Gayathri Sanganayaka won the Rising

Star award. (SJ)

Jucom, Morales lead Blazers over Pirates

College of St. Benilde went to Matthew Jucom in the first three quarters and John Morales in the fourth and final canto as it survived a late, furious Lyceum fightback and escaped with a 107-103 victory in NCAA Season 102 seniors basketball at the San Andres Gym.

Jucom fired a match high 28 points, including 18 in the first half, while Morales dropped eight of his 18 markers in the final period that doused cold water on the Pirates’ hot, desperate pursuit.

The win pushed the Blazers back to the Group A helm alongside the Jose Rizal Bombers on 8-3 records, half a game ahead of the San Beda Lions (7-3), while strengthening their chances of claiming the twice-to-beat quarterfinal edge for the top two finishers in bracket play.

‘Mahalaga po itong panalo na ito dahil dikit dikit kami ng JRU at San Beda,’ said Morales.

In the other game, Emilio Aguinaldo edged Perpetual Help, 92-89, in overtime to improve to 5-6 in Group B.

The Altas dropped to 3-8.

Shin dominates ICTSI Apo

Micah Shin shrugged off rain-soaked conditions and an early charge from Russell Bautista to pull off a breakaway nine-shot victory in the ICTSI Apo Golf Classic at Apo Golf in Davao City yesterday.

Shin, who entered the final round with a seven-stroke lead over Bautista, closed with a 2-under 70 for a wire-to-wire 17-under 271 winning total – his second on the 2026 Philippine Golf Tour after ruling the flagship The Country Club Invitational last January.

Despite the softened course and a shaky bogey-birdie-bogey stretch from No. 2, Shin steadied himself with birdies on Nos. 6 and 8.

The scariest things are not in costumes

Halloween. Children dress as ghosts, witches, vampires and assorted creatures that would make any respectable homeowner hesitate before opening the door. Shopping malls display cobwebs, skeletons and pumpkins. Even adults participate, sometimes wearing costumes that cost more than their monthly grocery budget.

But I have noticed something interesting. The older I get, the less frightening these imaginary creatures become. Perhaps it is because, after years in business and leadership development, I have encountered things far scarier than ghosts. And most of them wear business attire. Some even have impressive titles on their business cards.

A ghost might frighten you for a few seconds, but a dishonest business partner can give you nightmares for years. A vampire supposedly sucks your blood, but a toxic boss can drain your energy and confidence without leaving a bite mark. And while zombies wander around completely unaware, I have occasionally encountered people in meetings with remarkably similar traits. The difference is that zombies rarely request another PowerPoint presentation.

Seriously, Halloween offers an opportunity to examine the fears that genuinely threaten businesses, careers and relationships. Let me share five.

First, the fear of becoming irrelevant.

Technology changes, markets evolve and customer expectations shift. Artificial intelligence is transforming how work gets done. Skills that once guaranteed employment may no longer provide the same security. Yet some professionals continue relying on yesterday’s knowledge while expecting tomorrow’s opportunities.

They proudly announce having twenty years of experience. But there is a difference between twenty years of learning and one year of experience repeated twenty times.

Experience becomes valuable when it produces wisdom. Otherwise, it merely produces seniority. The real danger is not that technology will change, but that we refuse to change while technology moves forward.

Second, the fear of losing credibility.

Years of hard work can establish a reputation. One dishonest decision can destroy it.

I have encountered talented individuals whose careers suffered because they compromised their integrity. Their abilities were impressive, but their credibility eventually collapsed.

Trust is an invisible business asset. You may not find it on the balance sheet, but you’ll notice its absence when customers leave, employees resign and partners withdraw. Dishonesty rarely begins with a spectacular scandal. Sometimes, it starts with a small lie, a conveniently adjusted figure or an ethical compromise justified as necessary for business. One compromise makes the next easier.

The scariest person in business is not someone who makes mistakes, but someone who has learned to justify wrongdoing.

Third, the fear of facing the truth.

Some leaders dread unpleasant news. They prefer reassuring reports, favorable figures and employees who consistently agree with them. Eventually, people learn to tell the boss what they want to hear. They conceal problems, minimize mistakes and ignore warning signs.

Everything looks wonderful until reality arrives uninvited. And reality has the unpleasant habit of refusing to respect organizational hierarchies. Wise leaders welcome uncomfortable information because ignoring problems does not make them disappear.

What we refuse to confront today often becomes the crisis we cannot escape tomorrow.

Fourth, the fear of failure.

Fear can protect us from recklessness, but excessive fear prevents progress. Some professionals become so afraid of making mistakes that they avoid decisions, postpone opportunities and resist experimentation. Not every risk is worth taking. Courage without wisdom is recklessness, but wisdom without courage can become paralysis. Organizations need people willing to learn, experiment and take responsible risks.

Fifth, the fear of succeeding at the wrong things.

This may be the most frightening of all. A person can build a successful business, accumulate wealth, receive prestigious awards and enjoy public recognition, only to discover they’ve neglected the people who matter most. The business flourishes while relationships deteriorate. The calendar is full, but life feels empty. The professional succeeds at work but becomes increasingly absent at home. There is nothing wrong with ambition, wealth or achievement. But these become dangerous when they replace character, relationships, faith and purpose.

As Halloween approaches, perhaps we should examine the fears that truly deserve our attention. Not imaginary monsters hiding in dark corners, but the real dangers of complacency, dishonesty, pride, cowardice and misplaced priorities.

Thankfully, we are not powerless against them. We can confront irrelevance through continuous learning, protect credibility through integrity, overcome denial through humility, face uncertainty with courage and pursue success without sacrificing what matters most. Halloween costumes come off when the celebration ends. But our character accompanies us everywhere.

Halloween reminds us that monsters may be frightening, but they are usually imaginary. The real dangers are the fears we refuse to confront, the values we quietly compromise and the people we neglect along the way. After all, the scariest things in life are not the monsters we encounter, but the kind of person we might become if we stop guarding our character.

Catch Kongversations with Francis on YouTube and all major podcast platforms: Spotify, Apple Podcasts, Google Podcasts and more. Plus, listen to Inspiring Excellence wherever you stream.

THE GOLD LOAN BOOM: WHAT THE NUMBERS SAY AND WHAT THEY DON’T

At the end of 2018, Sri Lanka’s licensed finance companies and specialised leasing companies held Rs. 43.9 billion in pawning advances. By the end of 2025, finance companies’ loans secured by gold stood at Rs. 465 billion which amounted to 20.9% of the sector’s loans and advances, after growing 64.1% in that year alone. Similarly, in Licensed Commercial banks pawning advances rose by Rs. 237.7 billion during 2025 and stood at Rs. 898 billion at the end of the year.

On the 24th of May 2026 the CBSL issued Direction No. 02 of 2026, capping the loan-to-value (LTV) ratio on credit secured by gold at 70% of the collateral’s market value, with effect from 25 May 2026. The cap applies to LCBs and finance companies, including existing facilities renewed on or after that date. In announcing the decision, the CBSL’s Governing Board pointed to the significant recent growth in gold-backed credit, and to elevated volatility in asset prices, including gold, alongside exchange rate fluctuations that may affect collateral valuations and the potential impact on the financial system if such trends continue.

While the growth in lending would usually be read as evidence of a credit boom, due to the nature of the collateral, it cannot necessarily be said so. When the rupee value of gold rises, the same chain or bangle can be used to obtain a larger loan, and the loan book grows without a single new borrower.

CBSL’s Annual Report in 2022 linked a 40% YoY rise in bank pawning to the difficulties the public faced amidst the rising cost of living, which resulted in more households turning to their jewellery. Pawning and gold loans also grew 77.5% YoY in finance companies in 2022, supporting loan growth while the leasing portfolio contracted under the continued restrictions on vehicle imports.

The exchange rate might also be a factor which aided in the growth of the gold loan book. Gold is traded internationally in dollars, so its rupee price moves with both the world gold price and the exchange rate. Between 2020 and 2022, the world gold price barely moved, rising less than 2% from US$ 1,770 to US$ 1,800 an ounce. The rupee, however, fell from an average of Rs. 186 to Rs. 325 per dollar. The indicative rupee price of gold (world gold price × USD/LKR annual average) rose by about 78%, almost entirely because of the currency, however during the same period finance company gold-backed loans tripled from Rs. 71.4 billion to Rs. 229.8 billion, though part of this increase reflects a change in the CBSL’s definition from December 2021.

However, between 2022 and 2024, the data tells a different story. The world price rose to US$ 2,386.2 an ounce while the rupee strengthened to an average of Rs. 302. The indicative rupee price of gold rose by about 23%, and Finance company gold loans rose from around Rs. 230 billion to Rs. 284 billion, which is almost the same proportion.

In 2025, the world price averaged US$ 3,431 an ounce after setting record highs, while the rupee was broadly stable at an average of Rs. 301. During this time, while the indicative rupee price of gold rose by about 43% finance company gold loans grew by 64.1%. Thus, this time the book outpaced the gold price again. Thus, through the price itself whether the gap reflects more borrowers, more gold pledged per borrower, or a larger share of each sovereign’s value being lent cannot be ascertained.

2023 is the exception. The rupee was broadly stable on average at Rs. 327.53, and the indicative rupee price of gold rose by about 9%. Yet finance companies’ loans against gold contracted by 4.7%, even as commercial bank pawning rose from Rs. 411 billion to Rs. 547 billion. Thus whatever drove the 2025 surge was not a weaker rupee.

Source: CBSL

In 2022, finance companies’ pawning and gold loans grew by 77.5%, while the indicative rupee price of international gold rose by about 63%. Between 2022 and 2024, the two moved at broadly similar rates. In 2025, finance company gold lending grew by about 64%, against a rise of about 43% in the indicative rupee gold price. And in 2023, the relationship broke down altogether with the indicative price rising by about 9%, yet finance companies’ gold lending contracting by 4.7%. These comparisons suggest that collateral prices have played an important part in the expansion of gold-backed lending, however they are not a complete explanation. Also, it is important to keep in mind that annual average prices and year-end balances are not strictly comparable, thus, if at all, they indicate direction.

K Seeds Investments (KSI) publishes quarterly rankings of listed finance companies in Sri Lanka. The writer, Nimanga Shehan Senanayake is a Director of KSI

Isko to elderly: Visit cemeteries on off-peak days

With more than a million visitors anticipated for Undas at the Manila North Cemetery (MNC), Mayor Isko Moreno is advising senior citizens to consider coming on off-peak days to avoid health risks amid large crowds.

‘The weather is very humid. This may cause hardship to the elderly visitors’ health. As we all know, we have El Niño upon us,’ Moreno said.

City health officer Grace Padilla suggested that visitors wear light clothing and to bring refreshments and protection against possible rain.

Padilla echoed Moreno’s appeal for the vulnerable population to wear face masks amid large crowds, as influenza-like illnesses may spread in densely packed areas.

MNC director Daniel Tan said the city government deployed 100 e-tricycles to offer free rides to visitors, making their movements around the 54-hectare cemetery easier. The e-tricycles will be available only until today.

At the Manila South Cemetery, road closures were imposed along Kalayaan Avenue, South Avenue, Vito Cruz Avenue Extension and Pililla Street.

Moreno reiterated that liquor, sharp objects, firearms, noise equipment and pets are prohibited inside the memorial grounds.

‘Our intention is to make this occasion solemn. A time for families to come together, visit the graves of their departed loved ones and pray for the peace of their souls,’ Moreno said.

In Malabon, the city government opened a new crematory and interment facility at the Tugatog Public Cemetery.

Mayor Jeannie Sandoval led the inauguration yesterday to provide residents with additional facilities for cremation, funeral services and interment.

At the Ninoy Aquino International Airport, Transportation Secretary Vince Dizon led officials in inspecting the NAIA to ensure the safety, security and convenience of passengers, as part of Oplan Biyaheng Ayos.

Office for Transportation Security administrator Gilberto DC Cruz said the OTS has intensified security measures and strengthened its coordination with law enforcement agencies and airport operators to ensure a unified approach to airport security.

The Land Transportation Franchising and Regulatory Board has set up more than 80 LTFRB help desks at bus stations and other public land transportation hubs across the country.

Acting LTFRB Chairman Greg Pua Jr. said the help desk is tasked to provide basic information on travel schedules and provide assistance, especially to senior citizens and persons with disabilities.

‘Our personnel manning the help desks were instructed to extend all the courtesy and assistance especially to those with special needs,’ Pua said.

Millions of passengers are expected to troop to bus stations and other major transportation hubs to go to their home provinces for All Saints’ Day and All Souls’ Day.

Gasoline up by P3/L, diesel slightly down in first week of November

Mixed movements in pump prices are projected to continue as November starts next week.

An oil industry source said motorists should expect a P2.90 to P3.20 increase in gasoline prices.

Meanwhile, diesel prices may see a slight cut of around P0.40 to P0.60 per liter.

According to the source, eased diesel export restrictions by South Korea helped lower the product’s price, which increased by P1.20 per liter earlier this week.

These prices, however, continue to be affected by energy supply disruptions linked to tensions in the Middle East, as well as concerns over another United States strike on Iran after the former’s midterm elections next week.

The peso’s slide to record lows against the dollar also threatens to push fuel prices even higher, with Department of Energy Secretary Sharon Garin saying that the weakening peso could drive up the cost of imported coal, diesel and liquefied natural gas.

On Tuesday, October 27, the currency hit an all-time low exchange rate of P64.17 to the dollar.

Although the peso traded higher in the following days, it has lingered near the P64-per-dollar mark since.

MMDA suspends road works ahead of Christmas season

The Metropolitan Manila Development Authority (MMDA) has temporarily suspended all road excavations in national and city roads in Metro Manila.

The suspension is meant to avoid worsening the expected heavy traffic congestion to be brought by the Christmas season.

In an advisory on Saturday (October 31), the MMDA said that the temporary suspension of road works will take effect on Sunday (November 1) at 12 a.m.

It will last until December 23 at 12 a.m.

‘This is intended to minimize disruptions and ensure a smoother journey for motorists, given the expected increase in the number of vehicles as the Christmas season approaches,’ the agency stated.

Meanwhile, under Memorandum Circular No. 20 Series of 2026, the following government infrastructure projects and emergency repairs are exempted by the moratorium:

Government flagship projects

Department of Public Works and Highways bridge repairs and constructions

Flood interceptor catchment project (box culvert)

Asphalt overlay projects without reblocking works

Sidewalk improvement

Drainage improvement projects along the sidewalk and not occupying any part of the roadway footbridge projects

Emergency leak repairs or breakage of water line by the Manila Water Co. and Maynilad Water Service Inc.

New water service connection or electrical service connections

Road activities without excavation (traffic clearance only)

Meralco relocation or emergency works affecting major government projects

Other projects permitted by the MMDA following the filing of a due application