Category: Business Mirror

The state weather bureau has placed 50 cities and municipalities in 6 Luzon provinces under the threat of Tropical Cyclone Wind Signal (TWSC) No. 2 as ‘Paolo’ intensifies while hovering over the Philippine Sea.

Placed under TCWS No. 2 are the central and southern portions of Isabela (San Mariano, Dinapigue, San Guillermo, Echague, Jones, San Agustin, Benito Soliven, Angadanan, Naguilian, Palanan, Ilagan City, Quirino, Mallig, Quezon, Delfin Albano, Tumauini, Cordon, City of Santiago, San Isidro, Ramon, Alicia, San Mateo, Cabatuan, City of Cauayan, Reina Mercedes, Luna, Gamu, Burgos, San Manuel, Aurora, Roxas), the northern portion of Quirino (Maddela, Aglipay, Cabarroguis, Saguday, Diffun), the northern portion of Nueva Vizcaya (Diadi, Bagabag, Quezon, Solano, Villaverde, Ambaguio, Bayombong, Kasibu), the eastern portion of Mountain Province (Paracelis, Natonin, Barlig), Ifugao, and the northern portion of Aurora (Dilasag, Casiguran, Dinalungan).

Meanwhile, TCWS No. 1 is hoisted over Cagayan, the rest of Isabela, the rest of Quirino, the rest of Nueva Vizcaya, Apayao, Abra, Kalinga, the rest of Mountain Province, Benguet, Ilocos Norte, Ilocos Sur, La Union, Pangasinan, the northern portion of Zambales (Palauig, Masinloc, Candelaria, Santa Cruz), Tarlac, Nueva Ecija, the rest of Aurora, the northern portion of Bulacan (Doña Remedios Trinidad, San Miguel, San Ildefonso, Norzagaray, San Rafael), the northern portion of Pampanga (Magalang, Arayat, Candaba, Mabalacat City), the northern portion of Quezon (General Nakar, Infanta) including Polillo Islands, Camarines Norte, the northern portion of Camarines Sur (Siruma, Tinambac, Lagonoy, Garchitorena, Caramoan, Goa, San Jose, Presentacion), and Catanduanes.

In its Tropical Cyclone Bulletin issued at 2 p.m., the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Paolo maintains its strength while moving westward over the Philippine Sea.

PAGASA said aside from hazards affecting land areas due to the strong winds brought by Paolo, heavy rain is expected to affect Aurora today, October 2, and the provinces of La Union and Benguet on Friday. Heavy rains mean that rainfall will be dumping at least 200 mm of rain, causing widespread incidents of severe flooding and landslides.

In the next two days, 100 to 200 mm of rain is forecasted over Cagayan, Isabela, Quirino, Nueva Vizcaya, and Nueva Ecija, Aurora, Isabela, Quirino, Nueva Vizcaya, Abra, Kalinga, Mountain Province, Ifugao, Pangasinan, Ilocos Sur, and Zambales.

This means that numerous flooding events are likely, especially in areas that are urbanized, low-lying, or near rivers. Landslide is likely in moderate to highly susceptible areas, PAGASA said.

Meanwhile, 50 to 100 mm of rain is forecasted to occur in Apayao, Kalinga, Mountain Province, Ifugao, Benguet, Pangasinan, Tarlac, Pampanga, Bulacan, Rizal, Quezon, Camarines Norte, Camarines Sur, Catanduanes, Albay, and Sorsogon Cagayan, Apayao, Ilocos Norte, Nueva Ecija, Tarlac, Bataan, Pampanga, and Bulacan

These areas are likely to experience localized flooding, mainly in areas that are urbanized, low-lying, or near rivers. Landslides is also possible in highly susceptible areas.

PAGASA said the highest Wind Signal that will likely be hoisted throughout Paolo’s passage is Wind Signal No. 3, or worse, Wind Signal No. 4, which is not being completely ruled out.

The state weather bureau said heavy rainfall, severe winds, and storm surge may still be experienced in localities outside the landfall.

Paolo will continue to intensify over the Philippine Sea and may reach severe tropical storm category tonight.

Currently, the eye of the storm was spotted 530 km. East of Infanta, Quezon, and is moving westward at 20 km/h.

It is currently packing maximum sustained winds of 75 km/h near the center and gustiness of up to 90 km/h.

The storm is expected to leave the Philippine Area of Responsibility (PAR) by 11 a.m. of October 4..

Fortune Life Insurance Company, one of the Hole Sponsors, joined the Philippine Insurance Cup Golf Tournament on September 4, 2025 at the Riviera Golf Club in Silang, Cavite.

Organized by the Philippine Insurers and Reinsurers Association (PIRA), in partnership with the Insurance Institute for Asia and the Pacific (IIAP) and the Philippine Insurers Club (PIC), the event brought together industry leaders for a day of camaraderie and competition.

Representing Fortune Life was Business Development Director George Mercado, building connections and championing our commitment to meaningful partnerships and industry engagement.

Fortune Life is part of the ALC Group of Companies, founded by the late Amb. Antonio L. Cabangon Chua.

FOR the third time, Vice President Sara Z. Duterte on Thursday failed to appear at the plenary debates on the proposed P902.03-million budget of the Office of the Vice President (OVP) for 2026, instead setting two conditions before agreeing to face lawmakers.

Duterte named the two demands in a letter dated September 30, 2025, addressed to House Committee on Appropriations Chairperson Rep. Mikaela Suansing and read on the floor by Palawan 2nd District Rep. Jose Alvarez, sponsor of the OVP budget.

‘The House of Representatives demands the attendance of President Marcos for the 27.3-billion pesos budget deliberation of the Office of the President,’ Duterte demanded.

Duterte also demanded that the Committee on Good Government and Public Accountability produce a Department of Justice (DOJ) certification confirming the lifting of the Immigration Lookout Bulletin Order (ILBO) against seven OVP personnel, namely, Atty. Zuleika T. Lopez, Mr. Lemuel G. Ortonio, Atty. Rosnelne L. Sanchez, Atty. Francis Chanray A. Fajarda, Ms. Gina E. Austero, Ms. Julieta L. Villadiego, and Mr. Edward D. Fajarda.

‘Mr. Speaker, there is no one from the Office of the Vice President, and I am prepared to stand alone here and stand for the budget of the OVP,’ Alvarez said on the plenary floor, stressing that the committee had given Duterte’s office ‘utmost respect’ in the budget process. He added that the committee will no longer respond to Duterte’s letter, calling October 2 the ‘last day’ for deliberations.

Blatant insult

Opposition lawmakers did not hold back their criticism and vowed to push for the reduction of the OVP budget.

Rep. Leila de Lima of the Mamamayang Liberal Party List denounced Duterte’s repeated absences as a blatant insult to the constitutional budget process.

‘Disrespecting the budgetary process of this body is a clear case of disrespect of our Constitution,’ de Lima said. ‘If she can afford to show up at the Senate and applaud a privileged speech, why can she not spare a few moments to defend the budget of her office? Enough is enough. Enough of her brattiness.’

De Lima said she intends to move for a reduction of the OVP’s budget, sparing only funds for Personal Services (PS) and maintenance and operating expenses (MOOE) while scrapping allocations for operational programs.

ACT Teachers Rep. Antonio Tinio echoed the sentiment, stressing that the issue was not political grandstanding but accountability.

‘I condemn her disrespect toward the people for not even showing up to take responsibility,’ Tinio said, vowing to file a motion to slash the OVP’s budget and retain only the funds needed for employees’ salaries.

The PLDT Group said on Thursday it has identified nearly two million URLs containing online child sexual abuse and exploitation material (CSAEM) since June 2021, as PLDT and Smart’s Cyber Security Operations Group blocked more than 650,000 attempts to access such links in January to August.

‘Guided by our child safeguarding policy, we have adopted a child safety-by-design approach across our products and services,’ said Roby Alampay, FVP and Head of Public Engagement at PLDT and Smart.

‘Recognizing the scale of the problem, we continue to welcome collaboration with child safety advocates to help create a safer digital space where children can thrive.’

He noted that central to PLDT’s efforts is its Child Protection Platform, which blocks CSAEM at the content level.

Furthermore, the group’s partnerships with the UK-based Internet Watch Foundation and the Canadian Centre for Child Protection’s Project Arachnid have bolstered the company’s detection and blacklisting capabilities.

The group has likewise embedded its child-protection framework into community awareness campaigns. Through its program, PLDT and Smart have reached over 100,000 participants nationwide, including students, teachers, parents, barangay officials, MSMEs, farmers, seniors, persons with disabilities, and indigenous peoples.

Unicef noted that in 2021 alone, two million children in the Philippines were subjected to online sexual abuse and exploitation. Children reported that they experienced grooming and received offers of gifts or money in exchange for sexual acts.

‘Some were threatened or blackmailed to engage in sexual acts. Due to stigma, disclosure is disproportionately low-despite various reporting channels. Only 0-4 per cent of victims ever reported, and only 0-3 per cent know how to report to the police or to helplines.’

Unicef also noted 44 percent of children do not know where to get help if they or a friend were subjected to sexual abuse or harassment online; while 50 percent of them added people as friends on social media even if they had never met face-to-face.

ACEN Corp. is extending a loan of P900 million to its unit to partly finance its onshore wind power project in Quezon province.

‘On October 1, 2025, ACEN executed a short-term loan agreement for P900,000,000.00 with its wholly-owned subsidiary, Giga Ace 6, Inc.,’ it said in a disclosure to the stock exchange Thursday.

Giga Ace 6 is the project company for the Quezon North Wind Power Project, formerly the Isla Wind Project, to be located in the municipalities of Mauban and Real, Quezon, and the municipalities of Paete and Kalayaan, Laguna.

ACEN did not provide further details.

Giga Ace 6 earlier secured a P34.41-billion loan to partly finance the proposed wind power project which will be done in phases. The target completion of the first phase, with an estimated capacity of 344-megawatt peak (MWp), is in late 2026. The second phase, possibly 208 megawatts, could be finished by 2028.

ACEN disclosed in October last year its investment into the Quezon North Wind Power Project Phases 1 and 2, including supporting infrastructure and transmission/connection assets.

Last March, ACEN and units signed an omnibus loan and security agreement with Bank of the Philippines Islands, BDO Unibank, Inc., and Rizal Commercial Banking Corp. for P34.4 billion. The green term loan facility for Giga Ace 6 was guaranteed by its parent, ACEN, and ACEN Global Development Group. ACEN reported in August that its consolidated net income declined by 88 percent year-on-year to P763 million mainly due to a P2.7-billion impairment relating to the relating to the Lac Hoa and Hoa Dong wind farms in Vietnam.

Excluding this one-off booking and the P1.35-billion valuation gain in 2024, net income fell 24 percent over the same period, due to depressed Wholesale Electricity Spot Market prices and increased depreciation effects.

‘Despite these headwinds, attributable renewables output grew 9 percent year-on-year to 3,228 GWh [gigawatt hours], driven by new contributions from international plants.’

ASIAN Eye Institute (AEI) recently hosted world-renowned ophthalmologist Ike Ahmed for a research collaboration with Robert Ang, head of the Cornea and Refractive Surgery Services and chief of Asian Eye’s Research and Training Center.

Recognized as the ‘most influential ophthalmologist’ worldwide in 2024 by The Ophthalmologist magazine, Ahmed is globally known for pioneering Micro-Invasive Glaucoma Surgery (MIGS). This is a new class of safe, minimally invasive procedures designed to lower intraocular pressure and slow the progression of glaucoma.

‘Doctor Ang and I have been studying glaucoma over the years, and we have a whole movement called interventional glaucoma,’ Ahmed explains. ‘It provides earlier treatments through safe, minimally invasive intervention to address the unmet needs in glaucoma, which are the problems of progression and eye drops.’

Global leader meets local innovation

Asian Eye has long been at the forefront of glaucoma management in the Philippines. Under Ang’s leadership, the institute has conducted pioneering clinical trials to expand access to next-generation treatments. This collaboration with Ahmed strengthens AEI’s role as a regional hub for innovation in eye care research, bringing global expertise to benefit local patients.

‘I’m a believer in interventional glaucoma because I believe that glaucoma should be addressed earlier,’ said Ang. ‘Over the past 20 years, we’ve been applying eye drops. What are we waiting for-for the patients to get worse? We don’t want to do it that way anymore. More than us, it benefits the patients.’

Together, the two experts are advancing novel, non-invasive laser applications that target the eye’s natural drainage system. ‘Dr. Ang and I have been researching a very novel laser application to non-invasively treat the drainage area of the eye by applying a laser in a very safe way,’ says Dr. Ahmed. ‘Dr. Ang has been an important collaborator. I love that he brings the latest technology to Southeast Asia.’

Earlier, safer, better for patients

FOR Ahmed, the future of glaucoma care lies in acting early with safer interventions. ‘Every step of the way, we become less and less invasive because the whole point of going early is establishing high safety,’ he says. ‘Interventional glaucoma and MIGS allow us to address glaucoma earlier. We need technology and the skills-and that’s what we have in our collaboration with Asian Eye.’

Both experts stress that Filipino patients stand to benefit significantly from adopting such approaches. With many paying out-of-pocket for care, solutions that preserve vision earlier can reduce the greater economic and personal cost of blindness.

THE Philippine Deposit Insurance Corp. (PDIC) will sell real estate properties as well as transportation and power equipment through an electronic public bidding (e-bidding) toward the end of the month.

According to the PDIC, about 67 real properties, two vehicles, and a generator set would be bid out on October 29 and October 30 through the insurer’s e-bidding portal.

Proceeds from the sale of closed bank-owned properties go directly to a fund the PDIC manages for these closed banks to settle creditors’ claims, according to the government financial institution.

The properties include 34 vacant agricultural lots; 15 vacant residential lots; eight residential lots with improvements; three agricultural lots with improvements; and two commercial lots with improvements.

The two mixed residential/agricultural lots with improvements; one mixed commercial/residential lot with improvements; one mixed vacant residential/agricultural lot; and one agricultural lot. The largest property for sale is 8.2 hectares.

The real properties are located in Aklan, Apayao, Batangas, Bohol, Camarines Sur, Capiz, Cavite, Cebu, Ilocos Norte, Isabela, La Union, Laguna, Leyte, Mindoro Occidental, and Misamis Oriental.

The other properties are also located in Negros Oriental, Pangasinan, Sultan Kudarat, Tarlac, and Zamboanga del Norte. The vehicles and generator are in Barcenaga, Naujan, Oriental Mindoro.

Team North delivered solid performances despite the heavy rain and strong winds from Typhoon Paolo, winning the International Container Terminal Services Inc. North vs South Elite Junior Philippine Golf Tour Championship crown on Friday in Cabuyao, Laguna.

Needing just 10 wins on the last day, North added an extra for good measure.

In the final singles matches, North secured 11 wins and 2 halves out of 24 games, surpassing the 24.5-point mark to seal a 26½-21½ victory at The Country Club.

North led from the start, winning the Four-ball format 8-4 and edging South 6½-5½ in Foursomes.

South rallied late, winning 11 matches and narrowing the gap to 21-23 with several matches still in play.

Then came the turning point.

Vito Sarines, tied with South’s Ralph Batican, chipped in from 20 yards on the rain-soaked 18th hole for birdie, sealing a 2-up win in the boys’ 11-14 division and pushing North to 24 points.

The clincher came quietly at hole 15, where Jakob Taruc defeated Eric Jeon 4 and 3 in the boys’ 15-18 division, securing the title with North’s 25th point.

Rafa Anciano pulled off a comeback 3 and 2 win over Precious Zaragosa, and Zach Villaroman halved his match with Alexis Nailga to finalize the score.

‘The lead in Day 1 was very, very important,’ said Team North captain’s representative Joey Anciano. ‘It’s like a step inside the door already. Day 2 was to maintain or increase the lead and we also won, leaving us with 10 matches and a draw to win the cup.’

North took early control in nine of the first 15 pairings, while four matches remained tied in the 7-10 and 11-14 age groups.

South’s top juniors from Visayas and Mindanao fought back. In boys’ 11-14, four South players led early, but North’s Edoc and Sarines clawed back to halve their matches, slowing South’s momentum.

North held firm in the younger divisions, showing poise under pressure. Even after standout Patrick Tambalque withdrew due to injury while leading his match, North’s depth carried them through.

‘Every match the players did their best and that’s what’s important. That’s why we have this kind of tournament. Golf is an individual sport, but we are blessed to have this event which is also all about teamwork,’ Anciano said.

‘All our players are gifted-they’re talented, strong hitters, and strong in their individual games,’ Anciano said. ‘Actually, it can go both ways, but again we had a strategy through all three days and it worked. So we’re happy to win this one.’

In singles, Halo Pangilinan opened with a 6 and 5 win over James Rolida in boys’ 7-10. Mavis Espedido followed with a 5 and 3 win, countering South’s early point from Kvan Alburo. Ronee Dungca, Zach Guico, and Jacob Casuga added dominant wins in boys’ 11-14. Winter Serapio and twins Lisa and Mona Sarines swept their matches in the girls’ divisions.

South responded with wins from Lucas Revilleza, Denise Mendoza, Zuri Bagaloyos, Rafella Batican, Crista Miñoza, and Tashanah Balangauan. Marcus Dueñas, Jared Saban, and Mhark Fernando added late victories, leveling the singles at 8 wins each.

But North’s five-point cushion from team play proved decisive.

Tiffany Bernardino’s late collapse allowed Mikela Guillermo to halve their match, briefly delaying North’s celebration.

Standout players for North included Espedido, Dungca, Casuga, Serapio, and the Sarines twins, who swept all their matches. For South, Balangauan and Miñoza went unbeaten.

I have been watching Cinemalaya Independent Film Festival since it started in 2004, or 21 years ago, which was traditionally held annually at the Cultural Center of the Philippines (CCP) and various cinemas.

However, for the past three years CCP was not the main festival venue because of its rehabilitation. It was held in alternative venues-Philippine International Convention Center (PICC) in 2023, Ayala Mall by the Bay in 2024. It will run this year in Shangrila Edsa from October 3 to 12, 2025.

The CCP building closed its doors at the beginning of 2023 to undergo a three-year rehabilitation, including upgrades, safety improvements, and restoration efforts aimed at preserving the building’s historic and cultural significance. This rehabilitation is a critical part of CCP’s broader vision to transform the complex into a world-class cultural hub for both the arts community and the public. The rehabilitation is slated for completion in late 2026.

My passion in watching Cinemalaya films perhaps is an offshoot of my exposure to experimental films during my college years in the late ’80s and ’90s at the UP Diliman where I saw several highly sensitive and political films.

Some of the films I saw included Lino Brocka’s ‘Maynila, Sa Mga Kuko ng Liwanag’ (1975) and ‘Bayan Ko: Kapit sa Patalim’ (1985), Ishmael Bernal’s ‘Himala’ (1982), Mike de Leon’s ‘Sister Stella L.’ (1984), and Marilou Diaz-Abaya’s ‘Karnal’ (1984) and whose daring works portrayed revolt, labor unionism, social ostracism, and class division.

Although it did not win the Best film award in 2005, ‘Ang Pagdadalaga ni Maximo Oliveros’ by fellow UP alumnus Auraeus Solito became one of the icons of indie films.

The so-called ‘indie films’ embody Cinemalaya’s vision: ‘The creation of new cinematic works by Filipino filmmakers that boldly articulate and freely interpret the Filipino experience with fresh insight and artistic integrity.’

The full-length section has only one set of films from 2005 to 2009 called New Breed, with another section added from 2010 to 2014 called Director’s Showcase. It reverted back to one set as the Main Competition since 2016. Only short films competed in 2015, 2020 and 2021.

‘Layag sa Alon, Hangin, at Unos’ is this year’s theme reflecting the festival’s decades of weathering every storm of its era.

Competing in this year’s Full Length Films category are:

‘Bloom where you are planted’ by Noni Abao: Three land rights activists contend with their volatile notions of home amid terror and red-tagging in Cagayan Valley.

‘Child No. 82′ (Son of boy kana) by Tim Rone Villanueva: At a wake, a persevering high school student must prove that he is the 82nd child of the Philippines’ biggest action-fantasy movie star in the hopes of seeing his late father one last time.

‘Cinemartyrs’ by Sari Dalena: Recreating forgotten massacres from Philippine history, a young filmmaker begins shooting at a site where 1,000 men, women, and children were slaughtered. But the angry spirits are awakened and the lives of her team and the local villagers are put in peril.

‘Habang nilalamon ng hydra ang kasaysayan’ by Dustin Celestino: Four Filipinos confront the slow erasure of memory and truth in a country devoured by disinformation.

‘Open endings’ by Nigel Santos: Four queer women in their 30s who are exes-turned-best-friends navigate adulthood, love, friendship, chosen families, and everything in between.

‘Padamlágan’ (night light) by Jenn Romano: Five days before the proclamation of Martial Law, the Colgante Bridge collapsed in Naga, forcing a father into a desperate search for his missing son.

‘Paglilitis’ by Cheska Marfori: Years after experiencing sexual harassment at her workplace, a former executive assistant is persuaded by a passionate lawyer to file a case against her rich and highly respected boss.

‘Raging’ by Ryan Machado: A young man’s quest for truth and justice intertwines with a plane crash mystery, uncovering a sinister plot that propels his desire to be heard but also threatens his community.

‘Republika ng pipolipinas’ by Renei Dimla: When the local government threatens to evict her from her own land, a farmer renounces her Filipino citizenship and builds her own micronation.

‘Warla’ by Kevin Alambra Kitkat: a 19-year-old transgender woman finds the family she’s been longing for in a gang of sisters who kidnap foreign men to fund their gender-affirming surgeries, until their crimes force her to question the true cost of belonging.

Competing in the Short Films Category are ‘Ascension from the Office Cubicle’ by Hannah Silvestre; ‘Figat’ by Handiong Kapuno; ‘Hasang’ by Daniel de la Cruz; ‘I’m Best Left Inside My Head’ by Elian Idioma; ‘Kay Basta Angkarabo Yay Bagay Ibat Ha Langit’ by Marie Estela Pais; ‘Kung Tugnaw ang Kaidalman Sang Lawod’ by Seth Andrew Blanca; ‘Please Keep This Copy’ by Miguel Lorenzo Peralta; ‘Radikals’ by Arvin Belarmino; ‘The Next 24 Hours’ by Carl Joseph Papa and ‘Water Sports’ by Whammy Alcazaren.

CEBU-BASED call center workers on Thursday lodged a formal complaint before the Department of Labor and Employment (DOLE) Regional Office 7 against several business process outsourcing (BPO) companies that allegedly violated occupational safety and labor standards in the aftermath of the September 30 earthquake.

The BPO Industry Employees Network (BIEN)-Cebu said it had received ‘hundreds of complaints’ in less than two days, citing incidents where companies compelled employees to report to work despite the aftershock tremors and threatened sanctions against those who opted to prioritize their families and personal safety.

Among the allegations raised were reports that one BPO firm required agents to continue taking calls while the earthquake was ongoing, while another company was accused of blocking exits on one of its floors to prevent workers from leaving.

Employees who refused to report for work were reportedly issued notices to explain, stripped of attendance incentives, and subjected to administrative sanctions.

‘This example merely shows and emphasizes the corporate greed of BPO companies, highlighting profit over the welfare and safety of their own agent,’ BIEN-Cebu spokesperson Kyle Enero said.

‘It also shows the negligence of the government itself in regulating situations like this, when it should declare a temporary suspension to ensure the safety of the employees.’

The group also criticized the government’s decision not to declare an imminent danger situation, instead leaving it to companies to decide whether operations should continue.

BIEN-Cebu said this approach exposed thousands of employees and their families to further risks.

‘If the government can suspend classes due to the need to inspect school buildings, they should also rightfully require BPO companies and their building administrators to provide a detailed inspection and safety report to ensure that resumption of work does not threaten worker safety,’ the group said.