4th MBZ Cup brings NAC partners together at Wack Wack Golf and Country Club

Nickel Asia Corporation (NAC) held the 4th MBZ Cup Golf Tournament on October 23, 2026, at Wack Wack Golf and Country Club in Mandaluyong City. The tournament honors the legacy of its founder Manuel B. Zamora Jr.

Martin Antonio G. Zamora, NAC President and Chief Executive Officer, led the ceremonial tee-off, officially opening the tournament.

Participants competed on the 18-hole golf course, with Maddie Ibuna emerging as the Overall Champion. Ace Barbers, Ryan Jornada, and Martin Despi topped Classes A, B, and C, respectively, in the Men’s Division, while Carla Pena and Kimberly Mondejar won Classes A and B, respectively, in the Women’s Division.

Atty. Ryan Rene C. Jornada, NAC Vice President for External Affairs, Regulatory, and Community Relations, said the tourney’s purpose is to gather partners and stakeholders for a day of camaraderie beyond the boardroom.

‘Now in its fourth edition, the MBZ Cup carries the name of our founder, Manuel B. Zamora Jr. His vision and leadership helped build the foundation of the company we are today. This tournament is one way we honor his legacy and the importance he placed on building lasting relationships,’ Jornada said.

He likened building a successful company to playing golf, noting that both require sound judgment, patience, strategy, and the ability to adapt to unexpected challenges.

The company’s founder was also recognized at the recently held Asia Corporate Excellence and Sustainability (ACES) Awards in Malaysia, where the elder Zamora received the Industry Pioneer Award for his foundational leadership and pioneering contributions to natural resource development, mineral processing, and progressive rehabilitation in Southeast Asia.

Rep. Ysabel Maria ‘Bel’ Zamora-Jornada of San Juan City also attended the gathering, sharing what the tournament means to her personally.

‘To many in this room, MBZ is the visionary founder who helped build Nickel Asia into an industry leader in natural resources development. But to our family, Tito Manny has always been a constant reminder of what it means to lead with foresight, resilience, and genuine respect for people,’ she said.

The congresswoman compared golf to public service, emphasizing the importance of discipline, patience, and long-term partnerships.

‘In business, as in public service, no one succeeds in isolation. Real impact and sustainable development are built on the back of genuine partnerships; the kind of enduring relationships represented by everyone gathered in this room today,’ she said.

The MBZ Cup is a celebration of sportsmanship, and it provided an opportunity to strengthen the connections and reaffirm the value of collaboration between NAC officers and stakeholders.

Kano seeks British investment to unlock economic potential, create jobs

Kano State is seeking stronger economic ties with the United Kingdom to attract foreign investment, expand business opportunities and create jobs, as Governor Abba Kabir Yusuf calls for increased British participation in the state’s economy.

Yusuf made the appeal on Friday when he received Pete Vowles, British High Commissioner to Nigeria, during a familiarisation visit to the Government House in Kano.

The governor said Kano’s longstanding historical, economic, cultural and diplomatic relationship with the UK provided a strong foundation for expanding cooperation, particularly in areas capable of stimulating economic growth and improving living standards.

He urged the British government to support efforts to attract investors to the state, arguing that Kano had considerable economic potential that could be harnessed through stronger international partnerships.

Yusuf said increased British investment would help create employment opportunities, expand businesses and improve the economic wellbeing of residents, while reaffirming his administration’s readiness to provide an enabling environment for foreign investors and development partners.

He described the high commissioner’s visit as an opportunity to consolidate existing relations and identify new areas of cooperation that would deliver mutual benefits to Kano and the UK.

The governor also expressed optimism that the engagement would translate into practical partnerships capable of supporting the state’s development ambitions.

In his response, Vowles acknowledged the longstanding relationship between Kano and the UK and expressed interest in strengthening engagement and exploring additional opportunities for cooperation.

The renewed investment overture comes as Kano seeks to leverage its position as a major commercial centre in northern Nigeria to attract international capital, strengthen its private sector and widen economic opportunities.

However, translating the diplomatic engagement into actual investments will depend on the state’s ability to convert its investment promises into bankable opportunities, supported by predictable policies, reliable infrastructure, security and an investor-friendly business environment.

For Kano, stronger relations with the UK could provide access to foreign capital, technical expertise and international business networks, but the ultimate measure of success will be the extent to which such partnerships generate productive enterprises, sustainable employment and improved economic conditions for residents.

Behind the win: BingoPlus winner from Visayas shares jackpot experience

‘An unforgettable moment, a life changer, and a responsible mindset.’ These are the words from the latest BingoPlus big winner from Visayas that won the ?11,340,000.00 jackpot.

Introduced by a friend to the game Geisha’s Revenge on the BingoPlus app, it became one of his favorite pastimes. It was during his break time that he tried to play again and finally won one of the biggest prizes in the in-app game.

The winner described his latest win as a new milestone, and a life-changing opportunity for a better future. ‘It’s not because of the value, but the opportunity that BingoPlus gave, it’s really a life changer’, said the winner.

He plans to use the prize to pay off debts, invest in insurance, and put the rest of it in savings. Beyond this milestone, the winner also shared the importance of having a responsible mindset while playing.

Out of all the gaming platforms, he trusts BingoPlus the most and also reminds players to ‘play to enjoy, be aware of the consequences, remember that every win is an opportunity, and gaming comes with awareness and responsibility.’

The winner was met by DigiPlus executives led by its Chief Global Growth Officer, Erick Su. BingoPlus remains committed to its responsible gaming initiatives, and encourages players to treat gaming as a form of entertainment, with set limits and knowledge on the risks.

The winner’s story is also featured on ‘BingoPlus’ Real Winner, Real Story’, that aims to shape how real winners and their winning moment can turn into a life-changing opportunity that continues to inspire others to play responsibly.

SHFC, PRA partnership opens door for new 4PH vertical housing project

The Social Housing Finance Corporation (SHFC) and the Philippine Reclamation Authority (PRA) have joined forces to explore new opportunities for socialized housing under President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.

The two government agencies formalized their partnership through a Memorandum of Understanding (MOU) inked on October 27 in Makati City.

SHFC President and CEO Federico Laxa and PRA General Manager and CEO Engr. Cesar Siador, Jr. signed the MOU, witnessed by SHFC Executive Vice President Atty. Leo Deocampo and PRA Chairperson Atty. Alexander Lopez.

Under the agreement, SHFC will provide technical expertise in assessing potential sites for socialized housing projects identified by PRA. The two agencies will develop a pilot vertical housing project on a PRA property in Metro Manila.

The partnership comes a day after SHFC approved two new vertical housing projects under the Expanded 4PH Program: 1Bataan Alas-Asin Village in Mariveles, Bataan, and People’s Plan Ville in Sta. Mesa, Manila. These developments underscore the agency’s continuing efforts to expand access to decent and affordable housing for Filipino families.

‘These initiatives support President Marcos’ directive to do more for the Filipino people by strengthening inter-agency collaboration, accelerating the delivery of public services, and expanding access to affordable housing,’ Laxa said.

Under Laxa’s leadership, SHFC has strengthened its collaboration with various government agencies to expedite project implementation and bring more benefits to housing beneficiaries. Its partners include the Pag-IBIG Fund, Presidential Commission for the Urban Poor, Land Registration Authority, MWSS Regulatory Office, and Cooperative Development Authority.

The partnership also aligns with the call of Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling for stronger collaboration among government agencies and other stakeholders to address the country’s housing challenges.

Echoing Laxa’s sentiment, Lopez underscored PRA’s support for the national housing agenda. ‘Under the leadership of President Ferdinand Marcos, the Expanded 4PH Program advances the aspiration of decent and affordable housing to Filipino families. Today, PRA and SHFC take a step closer to achieving that goal through this cooperation,’ he said.

Lopez also expressed hope that the MOU would mark the start of a lasting partnership that will give communities not only access with housing but also with livelihood, education, and other essential services.

SHFC and PRA are scheduled to meet again in the coming weeks to finalize a usufruct agreement for the proposed housing project.

For more information on SHFC projects and application procedures, please visit www.shfc.gov.ph or call (02) 5322-7300.

Baku, Kuala Lumpur to deepen partnership in anti-corruption efforts

Azerbaijan Prosecutor General Kamran Aliyev met with Abdul Halim Aman, chairman of the Malaysian Anti-Corruption Commission, on October 30 during the latter’s visit to Azerbaijan for the Third High-Level Meeting of Heads of Anti-Corruption Law Enforcement Authorities of the Organization of Islamic Cooperation (OIC) Member States, held in Baku.

The Prosecutor General’s Office reported that during the meeting, Aliyev provided information on large-scale reforms implemented in Azerbaijan under the leadership of President Ilham Aliyev, measures taken to enhance transparency and accountability in public administration, strengthen the fight against corruption, and the results achieved in these areas.

The sides highlighted the contribution of the friendly relations and political ties between Azerbaijan and Malaysia, as well as their cooperation on international platforms, to the development of law enforcement relations.

Aliyev welcomed the participation of delegations from the Malaysian Anti-Corruption Commission and the National Anti-Financial Crime Centre in the sixth Plenary Meeting of the GlobE Network and the 10th meeting of its Steering Committee, held in Baku in May 2025 and co-organized by the Prosecutor General’s Office and the UN GlobE Network.

The importance of cooperation between the Azerbaijani prosecution service and the Malaysian Anti-Corruption Academy (MACA), operating under the Malaysian Anti-Corruption Commission, was also emphasized. It was noted that Azerbaijani prosecutors’ participation in the academy’s training and educational programmes helps strengthen their professional knowledge and practical skills, acquire advanced international experience, and apply it in their work.

Abdul Halim Aman congratulated Azerbaijan on the successful organization and high-level hosting of the third OIC meeting of heads of anti-corruption law enforcement authorities. He thanked the Azerbaijani side for its warm welcome and hospitality and shared his impressions of the country’s development.

The meeting also addressed the signing of a memorandum of understanding to strengthen the legal and institutional framework for cooperation between the agencies, as well as the organization of mutual study visits. The sides reached preliminary agreements on these initiatives.

The parties further exchanged views on organizing specialized training and certification programmes on the investigation and prosecution of corruption offences with the support of MACA, as well as developing cooperation in other areas of mutual interest.

Following the meeting, the delegation visited the History Museum of the Prosecutor General’s Office of Azerbaijan, where guests were briefed on the history of the Azerbaijani prosecution service, its activities in different periods, and its modern development.

Undas: Ghosts, grief, and Pinoy superstitions

AS Undas fast approaches, I’m reminded of a few of the customs with which we Filipinos commemorate our dead.

Many of these are largely based on superstition. For instance, when a dead body is prepared for viewing, it is clothed in its finest, with a broken rosary wrapped around clasped hands placed on the chest. Breaking the rosary is supposed to ensure no one else in the family passes away.

While most believe that keeping the dead’s feet unshod is a way for the soul to reach heaven unencumbered, the reason is actually practical. When people die and rigor mortis sets in, it makes it more difficult to put the shoes on dead feet.

In other cultures though, shoes are a must, as they believe the soul has to be well-dressed when it meets its maker. However, most-as in the case of traditional Chinese and Koreans-will just include the shoes in the coffin, but not on their dead’s feet.

One thing our family learned from other friends who have experienced deaths in their own families, is that we aren’t supposed to usher out our visitors to the door during a wake. Escorting visitors is supposed to create a continuous succession of family members dying in succession.

Our relatives from Capiz and Iloilo, however, were befuddled with this custom. It apparently does not exist among the Hiligaynons. We found that out when we had to bury my oldest brother in Roxas City, where he lived and died. As we live in Manila, however, we actually have no choice but to practice the ‘bawal maghatid’ custom since we are constantly reminded to do so by the departing guests.

What we eschew, however, is the custom of not allowing food to be brought home from the wake. This is a no-no among many Filipinos, as they believe they are sending out negative energies, and bring death or bad luck to the people who bring home leftovers.

But I remember close friends who dropped by at our Papa’s wake, then many years later our Mama’s, and who loved the food we served for dinner. Before they went home, we would let them take home styro boxes of the dishes they enjoyed. In this day and age, we believe it’s more of a misfortune to waste good food. And because we are a family who enjoys our meals and eating out, we send these extra food to our friends, with love and only good wishes.

Meanwhile, the Filipino-Chinese among us will not celebrate any happy occasion in the year following a family member’s passing. They believe doing so will invite bad luck to the celebrant.

For instance, many Chinoy couples will reschedule their wedding to a later date out of respect for the one who had just died, especially if it’s a parent. Who wants to start off their lives as newlyweds with immediate ill luck, right? Of course, I know a couple who pushed through with their wedding plans, citing the wishes of the bride’s dad.

One of the more interesting wake/funeral traditions I witnessed earlier in the year was in Silang, Cavite. As my friends and I visited the wake of Kler’s mom, a marching band suddenly arrived playing traditional tunes for the family next door. At first, the band members were all seated whoomping, whistling and banging, then later progressed to pop tunes.

Later, the majorettes then stood and started twirling their batons and dancing, a few suggestive moves here and there, as the drums snapped and thudded, while the trumpets, trombones, and tuba loudly thumped a once popular Hagibis song.

It was quite entertaining, to be honest, reminding me of New Orleans, where funeral parades are led by brass bands and dancing. In Cavite’s case, it is apparently the marching band capital of the Philippines, and its bands enliven many town fiestas or the last day of wakes.

For the most part, the traditional way of condoling here in Manila is to slip a few hundreds or thousands of pesos to the family members of the dead, when attending the latter’s wake. In the case of Ilonggos, they bring food to the wake, even if the surviving family has already prepared meals or snacks for expected visitors.

Another first for me is a Filipino custom where a toddler, in this case my then five-year-old nephew Mikee, was passed over my brother Eugene’s casket. Mikee, of course, kicked and screamed, not understanding what was happening as we waited to bury my brother.

It was later explained to me that this is supposed to prevent the spirit of the departed to show up in the toddler’s nightmares. I found this amusing and totally out of whack. Anyone who is close to our family would know that Eugene had the most gentle of souls among us siblings, and will not do anything to haunt and scare little ones.

And what about the now-infamous pagpag? We are told that after leaving a wake, we’re supposed to stop by another location instead of directly going home. This way, we don’t unwittingly bring home any wayward spirits.

Most of us will go out for coffee, or stop by at a convenience store to buy something (or nothing at all) just to shake off those ghosts. This led to a hilarious meme supposedly started by 7-11, where it implored the public to stop using their stores to pagpag, because they were already full of ghosts! (But, no, the company never posted such a public appeal. And it never bothered to deny the meme. Hey, it’s free publicity after all!)

billboards do the job socmed

In the end, perhaps these customs are less about keeping the dead away than about helping the living cope with loss. We break rosaries, don’t escort guests to the door, keep leftover food to ourselves, and make detours after wakes-all in the hope of warding off death and bad luck.

But as I’ve learned from our own family’s experiences, grief has a way of making us hold on to whatever brings us comfort, even if it makes little sense to others. And if a little superstition helps us sleep better at night, so be it.

To be fair, no amount of pagpag or broken rosaries will really be able to keep our dead from visiting us this Undas. And if we do hear them knocking on the door, or show up at the foot of our bed, just pray they’re not expecting us to serve them dinner. Frankly, who’s gonna take home those leftovers after they leave?

Tinubu defends borrowing strategy as debt service consumes 65% of revenue

President Bola Tinubu has defended his administration’s growing reliance on borrowing to finance infrastructure, arguing that Nigeria must shift from debt-funded consumption to investments capable of generating long-term economic returns, even as debt servicing continues to absorb about 65 percent of government revenue.

The President, in an article personally authored on Friday, said public debt stood at 35.75 percent of gross domestic product in the second quarter of 2026, a level he described as manageable compared with peer economies, but acknowledged that the debt-service burden underscores the need for greater fiscal discipline.

He said his administration was directing new borrowing towards roads, ports, railways and power infrastructure, with the expectation that the investments would expand economic activity, generate revenue and create jobs.

However, the strategy raises questions about how quickly these projects can generate sufficient economic returns to offset borrowing costs, particularly as the government’s revenue base remains constrained.

This call aligns with views of economic experts who had consistently warn of the need to reduce cost of governance and focus more on investments that will boost revenue generation

But the President said his administration has been making difficult choices since he assumed office in 2023

‘We have made difficult but necessary decisions: removing the petrol subsidy, unifying the exchange rate, modernising the tax framework, and coordinating action on inflation. These reforms have restored macro balance, quadrupled federation revenue since 2021 and rebuilt the credibility of the State’s balance sheet’

‘The results are now visible: real GDP growth reached 4.43% in Q2 2026 and 4.2% in H1, up from 2.74% in 2023, while headline inflation fell to 14.63% in September 2026 from 20.98% a year earlier’

The president however agreed that food inflation has remained high at 19.59%.

But added that Gross external reserves are rising at current $55.1 billion as of 9 October 2026, including about $46 billion in net reserves, highest in 18-years.

‘The NFEM exchange rate stood at ?1,333/US$, with the market spread below 5%, and public debt remains low compared to peers. Nigeria’s cost of borrowing keeps falling. Confidence has a price, our cost of borrowing is going down, and the country risk premium has drastically decreased.

Tinubu who stated that his administration has continued to change purpose of public borrowing, added that the current ‘objective is to increasingly direct new borrowing towards productive capital investment, while maintaining fiscal discipline, reducing refinancing pressures and ensuring that public debt translates into measurable economic value. Nigeria borrows to invest in roads, ports, rail and power that will generate growth, revenue and jobs for decades.

‘Every Naira and every dollar raised goes to assets that create value, and that value repays the debt. This is how Nigeria will reach the objective of a USD 1 trillion economy by 2030: not through consumption, but through investment in the infrastructure that makes growth possible.

‘This shift is being supported by a stronger fiscal position: tax-to-GDP has risen to 12.5% from 7%, net FAAC increased by 44% from ?15.2 trillion in 2024 to ?21.9 trillion in 2025, and Nigeria recorded a ?20.1 trillion trade surplus in H1 2026, almost double the ?10.2 trillion recorded in H1 2025.

‘The Federal Executive Council economic strategy is clear on this point: no deficit monetisation and no unfunded commitments during the pre-election period. At the heart of this disciplined shift towards productive borrowing are our administration’s legacy projects:

‘The administration is focusing productive borrowing on financing major infrastructure projects, including the Lagos-Calabar Coastal Highway; improvements to the power sector and electricity grid; the Sokoto-Badagry Superhighway; the Trans-Sahara Superhighway; and upgrades to Nigeria’s major commercial ports in Lagos.’

CardinalStone Leads Listing of ?728.98 Billion Power Sector Bonds on NGX and FMDQ

CardinalStone Partners Limited is pleased to announce the listing of NBET Finance Company Plc’s ?402 billion Tranche A and ?326.979 billion Tranche B Bonds (the ‘Series 2 Bonds’) on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited (FMDQ Exchange).

The listing represents another milestone in the implementation of the Presidential Power Sector Debt Reduction Programme. It facilitates secondary market trading in the Series 2 Bonds, supports price discovery and broadens access to Federal Government-guaranteed securities within Nigeria’s domestic debt capital markets.

Commenting on the listing, Michael Nzewi, Group Managing Director, CardinalStone, said: ‘The listing of the Series 2 Bonds marks an important step in addressing legacy obligations in Nigeria’s power sector. It facilitates secondary market trading while supporting the broader effort to restore liquidity and enable sustained investment across the power value chain. We are pleased to have contributed our advisory and capital markets expertise to this landmark transaction.’

CardinalStone acted as Lead Financial Adviser and Lead Issuing House on the transaction, supporting the Programme’s objectives of restoring liquidity, strengthening investor confidence and enabling sustainable investment across Nigeria’s power value chain.

About CardinalStone

CardinalStone is Nigeria’s leading independent investment and multi-asset management firm, providing integrated solutions across advisory, capital markets, asset management, securities trading, trust services, financing, registrar services, and pensions.

With over ?7 trillion in capital markets and M and A transactions advised, CardinalStone has established itself as one of Africa’s premier financial institutions. The firm was the first securities house to surpass ?2 trillion in transaction value on the Nigerian Exchange and has ranked as the Exchange’s number-one securities firm by value for four consecutive years (2022-2025).

CardinalStone’s market leadership has been recognised through numerous industry awards, including Euromoney’s Awards for Excellence (2026), Euromoney’s Market Awards (2024 and 2025), and multiple DealMakers Africa Awards (2026) for excellence in equity advisory and capital markets execution.

Celebs get spooky at The New Nocturnals

This year’s The New Nocturnals event once again gathered celebrities and personalities, who flaunted their imaginative costumes inspired by the theme ‘Silver Screen.’

The event, held at the Peninsula Manila on Thursday, Oct. 29, was led by co-founders Mond Gutierrez and Ash Rye, who respectively dressed up as a vampire and ‘Moulin Rouge’s’ Satine.

Also joining Mond on the red carpet was Filipino-Irish-British model Christina Nadin, who previously made history as the second Filipino woman to walk the runway of Victoria’s Secret Fashion Show.

Among the standouts were celebrity mom Lovi Poe in her sinister clown costume; Maris Racal in her sparkly Rihanna-inspired ensemble; Kyline Alcantara, who showed off in a futuristic robot costume; and content creator couple Hajie Alejandro and Lenie Aycardo, who wowed with their icy take on Jack and Rose from ‘Titanic.’

Claudine Barretto was also present at the event, donning a fiery red Kimono. She attended the ball alongside internet personality Boss Toyo.

Other celebrities who were in attendance included Mond’s twin brother Richard Gutierrez and his girlfriend Barbie Imperial, their sister Ruffa Gutierrez, Michelle Dee, Belle Mariano, Francine Diaz, Vina Morales and Iñigo Pascual.