Topline allots funds for fuel importation, new stations

Visayas-based fuel trader and retailer Top Line Business Development Corp. on Wednesday said it is investing some P385.12 million in its fuel importation and distribution businesses.

In a disclosure, Topline said its board of directors has approved the additional investment of P185.63 million in its subsidiary-Topline Logistics and Development Corp.-through the subscription of 1.86 million common shares. It maintains its 75 percent ownership in the company.

‘The increase in capital stock. is intended to support the scale of operations expected from its import activities, in line with the issuance of its certificate of registration from the Bureau of Customs,’ Topline said.

The firm’s board also approved the additional investment of P199.5 million in Light Fuels Corp., equivalent to a subscription of 1.99 million common shares, maintaining its 99.75 percent ownership.

The increase in the authorized capital stock of Light Fuels is expected to strengthen its financial position in support of its retail network expansion program.

The company is also reclassifying 800 million of its common shares, with a par value of P0.10 apiece, into the same number of preferred shares, also with a par value of P0.10 apiece.

The reclassification, subject to the approval of the company’s shareholders and the Securities and Exchange Commission, is intended to provide Topline with flexibility in the issuance of shares.

‘The terms and conditions of the issuance of the preferred shares have yet to be finalized. The company shall inform the investing public of such terms and conditions as soon as discussed and approved by the board of directors of the company.’

Topline said it is hopeful that 2025 will be a banner year for the company as its fuel retailing business expands. It grew substantially just months after the company’s maiden offering on the Philippine Stock Exchange.

Eugene Erik Lim, Topline chairman, president and CEO, said the company expects both income and revenues to post a significant growth because of its fuel retailing business.

‘We’re hoping it can be a banner year. From three stations last year, that is, hopefully, 50 (51) stations this year. So, it’s really a banner year in terms of revenue growth or topline growth or income because of the acquisition,’ he said.

This follows after the company announced over the last two weeks that it is acquiring 38 fuel retailing stations around Visayas.

The 38 retail fuel stations were acquired from Total Oil and Gas Resources Inc. and Ballston Metro Corp. located across various areas in Cebu, Leyte, Siquijor and Negros Oriental, as well as a 2-million liter depot facility; and 15 fuel tanker trucks.

DOE to conduct special WTE auction next year

THE Department of Energy (DOE) will seek bids for 335 megawatt (MW) capacity to be generated from waste-to-energy (WTE) power facilities in January next year.

The agency said on Thursday it will conduct a special auction round specifically designed for WTE projects that will source their waste feedstock within Metro Manila and Highly Urbanized Cities (HUCs) areas, and with target completion date by the fourth quarter 2027.

Energy Undersecretary Mylene Capongocol said the 335MW capacity is an initial estimate that was based on 2024 Solid Waste Generation data of the National Solid Waste Management Commission (NSWMC), which said that Metro Manila and HUCs generate an estimated 6.12 million metric tons of municipal solid waste, equivalent to 335 MW base load.

The notice of auction and terms of reference are scheduled for issuance within the month.

Interested parties will be given sufficient time to comply with the green energy auction (GEA) registration requirements prior to the auction proper in January next year.

In addition, the DOE announced that there will be a succeeding auction round for biomass and WTE technologies targeted by second quarter of next year which will cover biomass and WTE projects to be located all over the country.

As an emerging renewable energy technology, WTE project development is one of the country’s strategies to address solid waste management, serve as flood control mitigation, and provide additional clean energy.

This initiative is aligned with the objectives of the Philippine Energy Plan (PEP) and the government’s renewable energy targets of 35 percent in the energy mix by 2030 and 50 percent by 2040.

‘The integration of WTE projects into the GEA framework underscores the DOE’s commitment to ensuring energy security, environmental protection, and private sector participation in the country’s transitioning to clean and sustainable energy,’ the agency said.

National Artist for Music Ryan Cayabyab headlines’MaestroClass Concert Series’ at Rockwell’s Proscenium Theater

The Philippines’ renowned Maestro and National Artist for Music Ryan Cayabyab, more affectionately known as ‘Mr. C,’ brings his celebrated talent back to the stage in the highly anticipated MaestroClass Concert Series on November 14 to 16, 2025. The event marks the first major concert to grace the stage of Rockwell’s state-of-the-art Proscenium Theater in Makati since its recent opening.

Since its grand opening on September 26 with The Bodyguard The Musical, the Proscenium Theater has quickly established itself as one of the city’s premier performance venues. Praised for its exceptional acoustics and elegant interiors, Rockwell’s Proscenium Theater now sets the stage for the country’s living music legend and beloved Maestro.

For this landmark concert, Mr. C unites a powerhouse lineup of the most celebrated voices in Philippine music – featuring The Concert King Martin Nievera, Asia’s Nightingale Lani Misalucha, and the Ryan Cayabyab Singers, a vocal group personally handpicked by the Maestro himself. Together, they will perform a curated repertoire of Maestro Ryan Cayabyab’s well-loved compositions.

Housed within the intimate 780-seat Proscenium Theater, Ryan Cayabyab’s MaestroClass Concert Series promises a singular musical experience. The venue itself is a masterpiece, being the only theater in the Philippines built with natural acoustics. Adding to the prestige, the venue boasts of a Steinway piano – the first to be permanently housed in a Philippine theater – to be played by Mr. C himself. This unparalleled pairing of world-class artistry and state-of-the-art acoustic technology affirms The Proscenium’s status as a premier destination for music and culture in the country.

The MaestroClass Concert Series opens its doors not only to music lovers but to anyone who wants to be part of an intimate encounter with National Artist Ryan Cayabyab. Under Mr. C’s direction, audiences are invited to go beyond simply watching a performance – to listen closely, learn from his artistry, and experience the depth of his music alongside world-class voices coming together in one unforgettable night.

Araneta to sell PhilWeb stake

Gregorio Araneta Inc. will exit gaming firm PhilWeb Corp. as Nexora Holdings Inc. and Velora Holdings Inc. will purchase its shares at a huge discount.

In its disclosure, the company said it will sell all of its 57-percent stake in Philweb to the two firms for P1.8 billion.

Gregorio Ma. Araneta III is the current CEO of PhilWeb.

The deal would include 829.57 million common shares which will be sold for P2.17 apiece, or a discount of 46 percent from its Thursday’s closing price of P4.06.

Araneta’s shares were purchased from the late Roberto Ongpin.

As the acquisition involves control of more than 35 percent of the outstanding voting shares of PhilWeb, the buyers are expected to conduct a mandatory tender offer for all other shares that it do not own.

‘The buyers are expected to comply with this requirement within the period prescribed by law,’ the disclosure read.

Nexora and Velora are domestic holding companies duly organized and existing under Philippine law, established to acquire, hold, own, dispose of, exchange, or otherwise invest in securities, properties and related assets, with full rights of ownership, including voting rights.

‘None of the buyers is engaged in securities brokering, portfolio management for third-party clients, public solicitation of investments, or the issuance of investment contracts.’

PhilWeb’s current president and director, Edgar Brian K. Ng, is also the current president, chairman and director of Nexora, while PhilWeb Vice Chairman and Director Crisanto Roy B. Alcid is also a director and the treasurer of Nexora.

Certain of PhilWeb’s incumbent directors, meanwhile, will have to resign and be replaced by nominees of the buyer, subject to qualifications and compliance with the applicable law.

Completion of the transaction may result in an increase in the corporation’s foreign ownership levels to 40 percent from the current 4.9 percent.

‘As the corporation does not own land or is not engaged in a nationalized activity, any such increase will not impact Philweb’s compliance with foreign capital ownership limitations under applicable law,’ the company said.

PhilWeb has a license from the Philippine Amusement and Gaming Corp. to launch e-Games Stations, which are Internet cafes exclusively dedicated to casino games. With technology provided by the company, patrons can choose from more than 300 casino games, including baccarat, blackjack, various slot machine games, video poker and sports betting.

There are currently 288 operating e-Games cafes across the country, majority of which are owned and operated by independent operators.

Its units include BigGame Inc., PhilWeb Capital Corp., Easy e-Bingo Inc., NDM Entities, UMIAC Inc. and XO Corp.

Night owls in a sunrise industry: The hidden costs of the business process outsourcing boom

IN the early 2000s, the promise of the business process outsourcing (BPO) sector was simple: Filipinos could earn more without having the need to work in another country.

Companies based in the United States and the United Kingdom started moving their customer support and back-office operations to Manila, where English-speaking workers filled cubicles running on foreign time zones.

It was a different kind of overseas work. The contracts were offshore, but the workers stayed home. Soon, the model scaled fast.

By the mid-2000s, the Philippines was already emerging as one of the world’s call center capitals. What began as a handful of firms handling customer support for foreign clients had turned into a fast-growing industry that was reshaping the economy.

A 2006 study by the Philippine Institute for Development Studies noted that as early as 2004, the country had captured about 20 percent of the global market share in contact center services-a foothold that would later define its position in the global service economy.

The dominance is also reflected in its earnings, with its revenues climbing from $350 million in 2001 to $1.65 billion in 2004. According to the Asian Development Bank (ADB), the BPO sector accounted for just 0.075 percent of GDP in 2000, but its share had already expanded to 2.4 percent by 2005.

The industry was also generating jobs at a pace the government had never seen. The Arroyo government said that only 4,000 workers were employed in BPO in 2001. By the end of 2005, the figure soared to 163,000.

By then, the rewards were clear. Data from the BPO Industry Employees Network (BIEN) showed that average entry-level pay in 2005 ranged from P28,000 to P32,000-nearly triple the average salary of other private sector workers at the time.

The industry’s promise of higher pay and professional workspaces drew thousands of young Filipinos from all backgrounds, turning night shifts into symbols of upward mobility.

However, University of the Philippines-Diliman labor economist Virgel C. Binghay believes that the wage premium that fueled the industry’s rise has also exposed its limits.

‘The wage premium does create real mobility, but it is uneven and fragile. What we may be seeing is not sustainable upward mobility across generations, but more of a ‘holding pattern,’ Binghay told BusinessMirror.

‘Higher wages merely cover up systemic weaknesses: limited upgrading, inadequate labor protections, and the absence of equally attractive alternatives outside BPOs.’

The boom, Binghay said, was both a success story and a warning. The kind of growth that looked stable on paper but fragile up close.

Major shifts

AMONG those drawn to that promise was Alwyn, 47, not his real name, an accountancy graduate who turned to the night shift when the pay from his first jobs could no longer keep up with the needs of home.

‘The pay was low-around P7,000 a month. A friend introduced me to the call center and said the pay was higher. That was really the primary concern: higher pay. More than double, actually about 2.5 times, so I shifted from a normal organization to a night shift work,’ he recalled.

For Alwyn, it was about getting by. The promise of a stable income and a little more room to breathe was enough to leave behind the daylight routine he’d grown used to.

He joined the industry in 2002, when call centers were only starting to fill newly built towers in Ortigas and Makati. The city’s skyline was changing, and so were the rhythms of work.

‘It was really a boom. There was a premium on top of the salary, aside from the night differential. and even the break was paid.’

Back then, the graveyard shift meant something else entirely-a thin corridor of people who kept the night running: security guards pacing under shuttered establishment lights, clerks behind the counters of 24-hour stores, and sex workers trying to make a living in the streets.

But around the 2000s, the night belonged to others, too. To people like Alwyn, who learned to stay awake for a living, chasing quotas and foreign voices past midnight.

‘It’s hard at first . you have to sleep during the day, but sometimes you can’t fall asleep right away because you end up checking your phone or finding things to do,’ he said.

His shifts often ended when the sun was already up, forcing him to darken his room and block out the noise to get enough rest.

Weekends, too, became shorter. His body would still be catching up from the week’s night shifts, so Saturdays often disappeared into sleep.

By the time he felt rested enough to go out or see his family, Sunday had already arrived-and by nightfall, it was time to start another workweek.

For BPO workers, those adjustments were part of the deal. It was the hidden cost of the higher pay and the steady job that kept them home while the rest of the country slept.

Concerns

MANY say that working in the BPO industry requires a different kind of endurance-one that tests not just your English-speaking skills, but also the body’s limits.

For Alwyn, the price of that endurance became harder to ignore. Just eight years after he started working in BPO, he was already diagnosed with hypertension. The long hours, endless coffee, and constant pressure had begun to exhaust him.

‘Aside from that, your biological clock changes,’ he said. ‘Sometimes you end up sleeping in the office, and your rest isn’t a full eight hours. Either you drink coffee or make up for it with food.’

Over time, eating became both a comfort and a coping mechanism. Food runs and coffee deliveries became part of the rhythm of survival-a small relief amid the exhaustion of serving clients from another time zone.

‘It’s the easiest way to cope. That’s what managers and bosses use as an incentive, too, to keep us motivated,’ he admitted.

The experience of workers like Alwyn mirrors what global studies have long documented. A 2010 book by the International Labour Organization (ILO), titled Offshoring and Working Conditions in Remote Work, found that nearly half-or 42.6 percent-of Filipino call center agents work at night, a schedule ‘associated with occupational safety and health concerns.’

The report also linked the job to sleep disorders, fatigue, eye strain, neck, shoulder, and back pain, and even voice problems.

Beyond the physical toll, the ILO study warned of psychological strain among workers who operate under constant surveillance.

BPO employees, it noted, often face heavy workloads, rigid procedures, and electronic monitoring-conditions that limit their autonomy and create high levels of work-related stress.

That kind of pressure was familiar to Erwin Alcober, now 47, who entered the industry in 2007.

By then, he already had a young family to feed and a child about to start school.

His job at a small internet café barely paid minimum wage-just enough to keep the lights on.

‘My wife and I already had two kids by then,’ he said. ‘She actually sent my résumé to a call center without telling me . that was the best source of income at the time.’

Without a college diploma, his options were limited. But call centers were hiring people who could speak English and learn quickly.

For Erwin, the P21,000 salary was more than just a pay raise-it was stability, something his family never had before.

Still, that stability came at a cost. ‘Targets kept changing. Average handling time used to be 20 minutes, then they’d bring it down to 15. It became toxic.’

Average handling time (AHT) is one of the key performance metrics in the BPO industry. It measures how fast an agent resolves customer concerns, often down to the last second.

Every call, pause, and note entry is tracked by software. The shorter the time, the better the score.

But for workers like Erwin, every second saved on a call came at the expense of rest and health. A trade-off is built into the system itself.

The sleepless nights piled up, and so did the stress. After two years, he, too, developed hypertension.

‘The stress is different.. If you don’t meet the metrics [in AHT], they’ll coach you. The whole process wears you down,’ Erwin added.

Struggles

FOR Lean Porquia, founder of BIEN, the struggles of BPO workers also reveal a deeper neglect in workplace health and safety.

‘One of the leading illnesses among call center workers is urinary tract infection.. That’s because restroom breaks are controlled and regulated to some extent.. Breaks are plotted based on the volume of incoming calls. If there’s a high call volume, you’re not allowed to take a break,’ he explained to BusinessMirror.

Porquia said the system has made workers so tightly monitored that even basic bodily needs are treated as a matter of productivity. The result, he added, is a workforce that continues to deliver under conditions most people wouldn’t consider humane.

Porquia recalled that at the height of the pandemic, even visibly sick agents were told not to go home.

‘There was a time when an agent was already complaining about not feeling well. The team leader told the agent, ‘Don’t go home, just sleep here,” he said. ‘Later, the agent suddenly collapsed and, unfortunately, died. The company covered it up.’

Health hazards, he added, extend beyond infection control.

‘It’s very common in call centers to share headsets,’ he said. ‘Whatever headset was used by the previous agent, that’s the same one you’ll use. So, what if that person had pneumonia or tuberculosis? You’ll end up getting their illness too.’

He said these problems persist because the industry’s occupational safety and health system remains largely self-regulated, with companies given leeway to stage-manage compliance.

Under the current framework of the Philippine Economic Zone Authority (Peza), companies operating inside ecozones-including many BPO firms-enjoy wide administrative autonomy. Porquia said this setup has made labor inspections ‘limited and largely procedural,’ instead of random and independent.

The result, he added, is an illusion of compliance where workers appear protected on paper, but continue to face unsafe and unhealthy conditions in practice.

Fragile climb

THE personal anecdotes of BPO workers echo a deeper pattern in what was once called a sunrise industry.

Binghay explained that while the BPO sector still offers relatively higher wages, its early advantage has faded over time.

‘BPO wages are still competitive relative to the wider Philippine labor market, but the advantage has weakened significantly,’ he said. ‘What was once a strong draw is now a thinner cushion, and unless reinforced by better job quality, stronger protections, and career pathways, the sector risks losing its attractiveness to the next generation of workers.’

Data from BIEN showed that as employment in the sector grew, entry-level pay steadily declined.

From an average of P28,000 to P32,000 in 2005, starting salaries dropped to P18,000 to P30,000 by 2010, and further to P15,000 to P30,000 in 2015.

By 2020, new hires were earning between P13,000 and P28,000-a roughly 32 percent decrease over 15 years, even if record employment and export revenues were achieved by the industry.

Binghay said this drop shows that wages are no longer the main reason Filipinos choose or remain in BPO jobs. The post-pandemic landscape, he added, has also reshaped worker motivations.

‘Post-pandemic and amid rapid tech change, workers are also seeking security, wellbeing, purpose, and digital empowerment-things that sometimes weigh even more when it comes to retention,’ he said.

Binghay also cautioned that the industry’s current model remains ‘fragile’ unless it adapts to the changing needs of its workforce.

Higher wages, he said, can only go so far when health risks and job insecurity persist.

‘The gaps lie in the lack of sector-specific [occupational safety and health] standards, very rigid scheduling, inadequate preventive care, weak enforcement, and limited worker voice. Unless these are addressed, the industry risks trading short-term wage gains for pangmatagalang [long-term] worker health costs-a cycle that undermines both productivity and retention.’

The sharp decline in starting pay, according to Porquia, also reflects how the Philippines is slowly losing its cost advantage to emerging competitors.

He explained that as technology advances, what once set Filipino BPO workers apart-especially their ability to speak with a clear, neutral accent-no longer guarantees an edge in the global market.

Porquia pointed to a new software called Sanas, which can neutralize a person’s accent in real time.

‘So, if you have someone with a very pronounced, strong accent, like many Indians, it can modify that so that when you hear them on the other end of the line, it sounds like you’re talking to an American with a natural, neutral accent. That will change the market because of that,’ he said.

‘Right now, India dominates the non-voice sector. With this technology, they can take over voice accounts, too. And when that happens, foreign investors may start to pressure Philippine companies to lower wages even further to stay competitive.’

Impact of automation

EVEN before technologies like Sanas entered the market, BPO workers had already begun to feel the pressure of automation.

A 2016 study by the ILO found that nearly 89 percent of Filipino workers in the outsourcing sector were at risk of automation.

The report presented the danger stemmed largely from ‘software automation,’ in which algorithms perform routine and repetitive tasks such as data entry, ticket processing, and customer response routing-functions that make up the bulk of call center and back-office work.

The ILO warned that unless the sector diversified into higher-value services, technology would eventually erode its labor advantage.

Almost a decade later, that early warning has become more urgent.

A 2025 working paper by the International Monetary Fund (IMF) identified the Philippine BPO industry as among the most at risk from artificial intelligence (AI).

The IMF said the industry’s focus on routine, rule-based roles-such as handling customer calls and processing transactions-makes it especially vulnerable to large-scale disruptions.

Overall, the IMF study found that about one-third of all jobs in the Philippines are highly exposed to AI.

Of these, 61 percent are in occupations where AI could complement human work by improving productivity. Meanwhile, 14 percent of the total workforce holds low-complementarity jobs that are far more likely to be displaced.

Among those highly exposed with low complementarity are customer service representatives, telemarketers, accountants, auditors, and administrative clerks-many of whom make up the country’s BPO workforce.

In contrast, roles such as managers, teachers, lawyers, and engineers fall under high exposure but high complementarity, where AI can enhance, but not replace, human judgment.

For Binghay, these findings underscore an urgent need for foresight.

‘Yes, there is a real risk of displacement. But that doesn’t mean job loss is inevitable. With retraining, just-transition policies, and a shift toward higher-value services, the BPO industry can evolve rather than collapse under AI pressure,’ he said.

Jun M. Roy, chairman of the Philippine Society for Talent Development (PSTD), agreed that AI will change how work is done-but not what makes workers indispensable.

‘I don’t think empathy in terms of answering or responding to calls can be replaced; the friendliness, I don’t think it can be substituted by AI.That’s something unique, uniquely human, that still cannot be copied by an AI,’ he told BusinessMirror.

Beyond empathy, he stressed that leadership remains the strongest defense against automation.

‘Leadership skills are very much essential and critical. You don’t look at AI leading a team of humans. Wisdom is also still needed,’ Roy said.

In 2024, the IT and Business Process Association of the Philippines (IBPAP) reported the sector closed the year with 1.82 million jobs and $38 billion in revenue.

IBPAP expects the sector to sustain its growth trajectory, projecting its workforce to reach 2.5 million and revenues to expand to $59 billion by 2028.

Closing the gap

WHILE new technology threatens to upend the industry, Asian Institute of Management economist Jamil Paolo S. Francisco said the deeper challenge lies in human capital.

The long-term competitiveness of the BPO sector, he explained, depends not only on keeping pace with technology but also on improving what he called the country’s ‘human capital infrastructure.’

‘Even more important than physical infrastructure is the human capital infrastructure, the education,’ Francisco said. ‘And that is really the only way we can ensure that our IT-BPO sector will be competitive in the future, and also how we can achieve prosperity.’

He said that although the outsourcing sector continues to fuel growth, the benefits remain concentrated in major cities where education and digital resources are stronger.

Outside Metro Manila, Cebu, and Davao, workers face fewer opportunities to enter or move up in the industry.

‘If there’s no development outside that IT-BPO sector, how can we have the shared prosperity and trickle-down effect that we’re talking about? So, it all boils down again to education,’ Francisco said.

That uneven access, said University of the Philippines Diliman visiting professor and economist Maria Reinaruth D. Carlos, also reveals a deeper kind of skills mismatch.

‘Evidently, there is de-skilling. You study other courses-say, nursing-and then end up working in a call center or the BPO industry,’ Carlos said.

She noted that while the industry has absorbed many college graduates, it has also created a cycle where workers are overqualified for entry-level positions yet face few chances for advancement.

‘With that kind of work, there’s no real career progression. that’s the problem,’ Carlos said.

Francisco added that unless the Philippines strengthens its human capital base, even this form of employment may become less secure.

The stagnation in education quality, he warned, is already eroding the very advantage that once defined Filipino labor.

He emphasized that reforms must be systemic-stretching from basic education to specialized, technical, and managerial training that can prepare Filipinos for a digital economy.

‘We need one big push. from basic to specialized, vocational, technical training, to managerial skills.’

INTERCONNECTION THRU SUBSEA ENERGY CABLES

Major stakeholders gathered to discuss opportunities and tackle issues on subsea power transmission lines in the region at the workshop on ‘Enabling Subsea Interconnectors in Asean’ from October 7 to 9. Organized by the National Transmission Corporation or TransCo, President and CEO Fortunato C. Leynes P.E.E. (right) remarked that the initiatives are ‘technologically complex and challenging, but will be transformative for Southeast Asia.’ With him are Dr. Kirill Artyukhov of the Australia Mission to Asean (left) and Nadhila Shani of the Asean Centre for Energy. ZOE CRUZADA/TRANSCO

BusinessMirror at 20: A step back to the past, a big leap forward

IN human life, two decades signify physical maturity and a sense of independence while forming connections and future-driven decisions. For BusinessMirror, 20 years represent establishing itself as the country’s premier business paper, honoring the fundamentals of ethical journalism and empowering readers to stay informed with accurate news.

This year, BusinessMirror takes one step back to review the past and a leap forward to the future with the theme, ‘From Headlines to Human Stories, the Journey Continues.’

In this issue, we present the major shifts and disruptions in various sectors of the country through the years and their impact on people’s lives.

The years 2005 to 2025 were indeed a true test of the courage of Filipinos and their will for survival: From the superstorms, political crisis, COVID-19, digital disruptions, and reckoning with Artificial Intelligence.

For this edition, the team of reporters-under the guidance of editors, led by Associate Editor Jennifer A. Ng- has gathered data and interviewed experts and leaders in their respective fields to provide readers with lessons from the past and what the future holds for the industries.

The world is warming up sooner than we can imagine, according to Bless Aubrey Ogerio in ‘Experiencing Extremes: Pag-asa maps a climate growing harder to read’; the green light is on for sustainable energy, but not without its own challenges, writes Lenie Lectura in ‘Reforms spur competition in PHL energy sector.’

Meanwhile, the country’s transport system is on a perpetual catch-up, reports Lorenz S. Marasigan in ‘Pinoys still wait for the ride that catches up with their neighbors.’ Zoning laws pose a problem for the poultry sector, reports Ada Pelonia in ‘PHL poultry raisers undaunted by bird flu scare.’

Improving human capital infrastructure is the deeper challenge in the outsourcing industry, as explained in Justine Xyrah Garcia’s ‘Night owls in a sunrise industry: The hidden costs of the business processing outsourcing boom’ and a new digital welfare system could help our migrant workers safe explains Samuel P. Medenilla in ‘New policy reforms will give Filipino domestic workers the professional edge and benefits.’

In the ambitious world of telecoms, Lorenz S. Marasigan reports, ‘Follow the money, or join the dead. PHL, tech companies evolve at a dizzying pace.’ More Filipinos are getting hooked on online gambling, writes Reine Juvierre Alberto in ‘Govt’s unfinished gamble: Ban or regulate? Give up revenue or lose your people?’ and e-governance is key, according to Alberto in ‘Breaking the paper trail: Digitalization boosts revenue, cuts graft, ensures transparency.’

Will economic reforms be the Change’s legacy? Inquires Jovee Marie N. Dela Cruz in ‘Rewriting the rules of business: The push to amend the Philippines’ economic laws in the 20th Congress.’ And Philippine diplomacy has always been a balancing act, surmises Malou Talosig-Bartolome in ‘Two decades at sea, at the bargaining table, and in the courts.’

Imports good to go in PVL

THE Premier Volleyball League (PVL) Reinforced Conference finally gets into full swing Thursday after the Philippine National Volleyball Federation (PNVF) signed off on the International Transfer Certificates (ITCs) early Wednesday, resolving a tense standoff that had initially stalled the participation of foreign imports.

With the ITCs now cleared, the tournament is primed for smooth sailing, and the anticipation around this year’s import-laced conference has reached a fever pitch. Tuesday’s opening day matches-played exclusively with all-Filipino rosters-were a teaser to the action that lies ahead.

The organizing Sports Vision underscored its commitment to fairness and competitive parity by announcing that the two opening-day games-initially played without imports-will be replayed at a later date to give all teams a fair shot with their full squads.

‘We thank our players, teams and supporters for their understanding as we work to uphold the integrity and quality of the PVL matches,’ Sports Vision said in a statement.

This decision came after the participating teams agreed to a replay, citing the spirit of fairness, competitive parity and a commitment to providing the best possible experience for the fans.

With the administrative hurdle cleared, all eyes are now on the debut of the league’s powerhouse imports, many of whom bring international pedigree and dynamic skillsets that promise to shake up the standings.

Galeries Tower’s Jelena Cvijovic of Montenegro and Petro Gazz’s Lindsey Vander Weide are set to showcase their skills as they look to lead their respective teams to strong starts in Pool B action.

In Pool A, Belgian standout Hélène Rousseaux of Farm Fresh and Nxled’s Paola Martinez will also take center stage in a highly anticipated showdown at the Dasmariñas Arena in Cavite.

The Highrisers, eager to bounce back from a string of underwhelming performances, will face the two-time Reinforced Conference champions Angels at 4 p.m.

The Foxies and the Chameleons square off at 6:30 p.m.

The Cavite venue will also host back-to-back PVL matches this weekend.

On Saturday, Chery Tiggo, powered by Cuban import Yunieska Batista, takes on ZUS Coffee, led by American spiker Anna DeBeer, at 4 p.m. The second match features Akari, reinforced by Annie Mitchem, battling powerhouse Creamline, with Courtney Schwan at the helm, at 6:30 p.m.

This high-stakes unpredictability will only escalate as the teams settle in and imports grow more comfortable, increasing the intensity and spectacle for fans watching live or at home.

Add to that the looming rematches of the all-Filipino games, now featuring imports, and you have a tournament poised to surpass all previous editions in talent, drama and fan engagement.

What truly sets this year’s edition of the Reinforced Conference apart is the balance of foreign brilliance and Filipino heart. From veterans like Myla Pablo and Ces Molina, to rising stars like Trisha Tubu and Lyann de Guzman, local players are determined to match the energy and intensity brought in by their foreign teammates.

Mirroring Subic’s shipbuilding journey

From the time Spanish military forces surveyed its shores in 1868, to the point in history when the United States built its Naval Station here in 1905, Subic has always been valued for its deep-water port.

So, when the Americans finally left in 1991 after almost a century of developing Subic as a military resupply center and a bulwark of its military might in the Asia-Pacific region, Subic’s maritime industry became a focal point of development for the Subic Bay Metropolitan Authority (SBMA), the agency tasked to convert the former military base into an economic zone.

BusinessMirror, which celebrates its 20th founding anniversary this month, was there at the start of Subic’s determined journey to leverage its core advantage as a maritime port, starting with the full-blast construction in 2005 of the New Container Terminal-1, to its efforts to gain more maritime traffic in terms of cargo vessels, cruise ships, and even military ships that visit under the Enhanced Defense Cooperation Agreement.

Yet no maritime news from Subic was as compelling as the meteoric rise and fall of the Hanjin shipyard, the $1.7-billion project that made the Philippines at one point the fourth-largest shipbuilding country in the world.

Its story mirrored life’s triumphs and tribulations, and stressed the lesson that man’s undertakings, no matter how well-intentioned, may still fall apart and fail.

Hanjin arrives, and Subic too

HANJIN’S arrival in Subic in February 2006 was the biggest local news that year. When the SBMA signed in Hanjin Heavy Industries and Construction Co., Ltd. of South Korea for a US$1 billion shipbuilding project at the Redondo Peninsula, it created not just ripples, but a tsunami of opportunities in the otherwise placid pond that was Subic Bay.

Immediately, the Hanjin contract made Subic the country’s top heavy-hitter in foreign direct investments (FDIs) with P51.4 billion generated that year. This allowed the SBMA to corner 70.8 percent of the P73 billion investment projects approved by all investment promotion agencies (IPAs), and eclipsing the combined first quarter FDI tally of the Philippine Economic Zone Authority (PEZA), the Board of Investments (BOI), and the Clark Development Corporation (CDC).

The Hanjin investment also paved the way in 2006 for the entry of six more Korean firms that pledged a total of $6.5 million for various projects.

The growing job opportunities created by more investments further boosted the Subic economy, allowing the SBMA to rein in a total of P4.5 billion in revenues in 2006.

In June 2007, more good news arrived: Hanjin would top its $1-billion original investment with $684 million due to new orders for vessels to be made in its Subic shipyard.

From aAgolikos to Antoine de Saint Exupery

BusinessMirror also bore witness to the evolution of Hanjin’s shipbuilding projects.

In April 2008, the Korean shipbuilder launched the 4,300-TEU bulk carrier ‘Argolikos,’ the first ship ever to be built in its Subic shipyard. Greek firm Dioryx Maritime Corporation, which ordered Argolikos, has also placed orders for at least six vessels to be built by Hanjin, the SBMA said.

From there, Hanjin went on to build more-and bigger-ships. In September that year, the firm announced that it will construct two very large crude carriers (VLCCs) worth a total of $330 million for Emarat Maritime LLC (EML), a shipping firm headquartered in Dubai.

In January 2010, Hanjin unveiled ‘Leyla K,’ the first oil tanker to be built in Subic, thereafter delivering the 114,000-deadweight ton behemoth to the Kaptanoglu Shipping Lines.

In August that year, HHIC-Phil’s then general manager for external business Taek Kyun Yoo said the company had already booked 56 new shipbuilding projects with projected sales $4.9 billion, a return more than double the firm’s total investments of $1.9 billion in the past four years.

The new contracts, Yoo also said, would progressively increase the number of shipyard workers from 16,000 in 2008 to 22,000 by the end of 2010, and up to 24,000 in 2011 and 25,000 in 2012.

Hanjin-Subic made history again in September 2015 when it completed the first locally-made liquefied petroleum gas (LPG) carrier at its Redondo Peninsula facility, the M/V Kaprijke, which had a capacity of 38,405-cubic meters.

The firm’s contribution to the economy was recognized in December 2016 when the Department of Trade and Industry (DTI) recognized Hanjin as the country’s top exporter in the machinery and transport equipment sector.

Finally in January 2018, Hanjin marked another milestone as it unveiled the CMA CGM Antoine de Saint Exupery, the first 20,600 TEU container vessel built in Subic and one of the biggest ships ever built in the world.

The mammoth container vessel was built over a period of one and a half years, from Feb. 8, 2016 when the first steel cutting was made, to its launching in Aug. 19, 2017.

Fall from Grace

THE Antoine de Saint Exupery was supposed to be the first of three 20,600-TEU container ships that HHIC-Phil has committed to build for CMA CGM, but it turned out to be the last to be completed at the Hanjin shipyard.

On January 10, 2019, BusinessMirror broke the story that the giant shipbuilder, which had delivered 123 vessels since rolling out the ‘Argolikos’ in July 2008, had gone to court to initiate voluntary rehabilitation under Republic Act 10142, otherwise known as ‘An Act Providing for the Rehabilitation or Liquidation of Financially Distressed Enterprises and Individuals’.

As it turned out, the Subic shipbuilder had incurred at least $100 million losses that it attributed to stiff global competition, low prices of ships, and low production at the local shipyard.

Pyong Jong Yu, then HHIC-Phil’s executive director for administration, would also confirm in a meeting with SBMA officials later on that Hanjin has agreed to heavy-tail payments, whereby buyers made larger payment late in the building process, thus resulting to heavy borrowings by the shipbuilder.

As it would eventually come out, Hanjin owed some $400 million in outstanding loans from Philippine banks on top of another $900 million in debts with lenders in South Korea.

White knight

BusinessMirror would also cover the search for a white knight to save the shipyard from totally going under. But the no one was immediately forthcoming, leading to the closure of the Hanjin facility after the shipyard was placed on receivership.

It was only in March 2022 that Cerberus Capital Management acquired the Subic shipyard for $300 million, renaming it Agila Subic Shipyard and starting its redevelopment as a multi-use hub for industrial, naval and logistics operations.

This August, six long years after Hanjin left the shipbuilding facility, Aguila Subic announced that four major tenants have signed in to kickstart the revival of the Subic shipyard. These include Hyundai Heavy Industries, one of the biggest shipbuilders in the world today.

The following month, HD Hyundai Heavy Industries Philippines (HHIP) conducted a steel-cutting ceremony at the Redondo Peninsula shipyard, marking the start of construction of its first shipbuilding project.

DA: Budget for 2026 is an investment in food security

The Department of Agriculture (DA) urged the Senate to support its proposed P216.1billion budget for 2026 and to regard it as an investment in food security and the future of farmers and fishers.

During a Senate hearing on the proposed budget of the DA on Wednesday, Agriculture Secretary Francisco Tiu Laurel Jr. said the proposed budget, an upgrade from P176.7 billion by the House of Representatives, represents a ‘long-overdue boost for a sector that feeds the nation but has long been underfunded.’

‘This is a meaningful investment in the future of those who diligently and faithfully feed us.’

He noted that years of ‘limited funding’ have weakened the farm sector’s role in the economy.

The DA said that even though the sector employs one in every five Filipinos, it contributed just 10 percent to GDP last year.

Meanwhile, the agency noted that underinvestment has widened the country’s agricultural trade deficit as food imports grow to meet the needs of the country’s population.

Despite being the backbone of the economy, millions in the sector remain among the country’s most financially vulnerable, with some unable to afford the food they produce.

‘As their representatives, it is our duty to be their advocates-to speak for them, to help them fulfill their dreams, realize their hopes, and empower them not only to uplift their own lives but also to sustain the tens of millions of Filipinos who rely on them for nourishment,’ the DA chief said.

Next year, the agency will focus on agricultural modernization, increasing incomes for farmers and fishers, and building resilience through infrastructure, climate-smart technologies, and disaster preparedness.

‘This budget is not just about funding-it is about fairness, urgency, and shared responsibility.’

Earlier, the DA received additional funding earmarked for its programs from the cancelled flood control projects.

This came from the House, which realigned the P255 billion originally allotted for flood control projects of the Department of Public Works and Highways.