Category: Business Mirror

LeBron James sat out of the Los Angeles Lakers’ first practice of training camp with a minor injury Tuesday.

James has ‘a little bit of nerve irritation in the glute,’ coach JJ Redick said after the workout at the Lakers’ training complex.

James will become the first player in NBA history to play 23 seasons when the Lakers open the regular season on Oct. 21 against Golden State. That game is the target for James and the Lakers, who will work together to manage the 40-year-old superstar’s workload against injuries and exhaustion, particularly during training camp.

While the top scorer in NBA history still might play during the preseason, Redick said the Lakers are ‘playing the long game with LeBron.’

James was named to the All-NBA second team last year after averaging 24.4 points, 8.2 assists and 7.8 rebounds while staying largely healthy and playing in 70 games. Redick said the Lakers want to keep James close to full health throughout the season, with the goal of being prepared for the playoffs.

Gabe Vincent (left knee), newcomer Marcus Smart (left Achilles) and rookie Adou Thiero (left knee) also didn’t fully participate in the Lakers’ first practice.

Los Angeles opens its preseason schedule Friday night in Palm Desert, California, against the Phoenix Suns.

THE British Chamber of Commerce Philippines (BCCP) commends the signing of Republic Act (RA) 12254, or the e-Governance Act, which streamlines and institutionalizes the government’s digital transition.

Executive Vice Chair Chris Nelson of the BCCP recognized the enactment as a reinforcement of current initiatives to eliminate red tape, while further boosting the country’s overall digital economy.

According to Nelson, this development aligns with broader government initiatives to eliminate red tape, with the BCCP acting as a champion of the Anti-Red Tape Authority (ARTA), enabling direct reporting on related issues.

The chamber also noted that, ‘beyond strengthening governance, this law also positions the Philippines as a stronger investment destination in the region. By streamlining processes, cutting red tape, and embracing digital innovation, the e-Governance Act reinforces a modern, business-friendly environment-one that

enhances the country’s competitiveness, attracts higher levels of foreign direct investment, and drives long-term, sustainable economic growth.’

Nelson also welcomed the passage of other priority legislation such as the Konektadong Pinoy Act and Investors’ Lease Act: ‘We wish to commend the current administration, because [it is taking a really proactive approach to passing legislation. We have been a key advocate for this as] an ARTA Champion, and e-Governance will certainly assist that.’

For him, these developments can be linked to ‘further increasing the country’s digital trade that will encourage more investments in digital infrastructure, e-commerce, and other industries.’

The BCCP official pointed out that digital transformation reforms must be complemented by measures to strengthen and institutionalize cybersecurity by way of the passage of the Cybersecurity Act, which will enhance the country’s digital and cyber infrastructure, while ensuring a more resilient Philippine digital economy.

According to Nelson, these developments will also strengthen the expanding trade relations between the United Kingdom and the Philippines, which reached £3 billion in the four quarters ending the first three months of 2025.

He also highlighted the just-established UK-Philippine Joint Economic and Trade Committee or JETCO, and the Philippines’ interest to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or the CPTPP.

Ambassador Jaime FlorCruz has introduced the Philippines as a major hub for economic services market in Asia.

In his speech at the recent Philippine Country Forum at the 2025 China International Fair for Trade in Services (CIFTIS) in China’s capital city, FlorCruz urged Chinese investors, innovators and business owners to choose the Philippines as a destination for their next projects.

‘The Philippines is a strong and stable country, and a global center of competitive services in Asia,’ the country’s envoy to China said. ‘We are open for business and we welcome China-our largest trading partner-to partner with us in high-growth services and industries.’

This year marks 50 years of Philippine-Chinese formal diplomatic relations, but trade and people-to-people exchanges between the two countries have spanned for more than a thousand years.

According to FlorCruz, the Philippines is further improving its business-friendly climate, as well as new benefits from the Corporate Recovery and Tax Incentives for Enterprises Act-a piece of legislation that lowers corporate income tax and provides clearer and more focused incentives for businesses.

The law aims to make the country a more attractive business destination, support the recovery of companies and strengthen its competitiveness in the region.

Also, the envoy highlighted FiberHome-a Chinese networking and telecommunication equipment provider with successful Philippine operations.

FiberHome, FlorCruz said, is living proof that progress can be achieved by investing in the Philippines.

‘We invite Chinese businessmen to visit the Philippine Pavilion and explore the possibilities of future cooperation-combining China’s cutting-edge technology and Filipino excellence in the field of services,’ he said.

NEWLY-INSTALLED Cebu Archbishop Alberto Uy has ordered the suspension of masses and other parish activities in the northern towns of the province following the strong earthquake that struck Cebu on Tuesday night.

In an advisory, the Archdiocese of Cebu said Uy directed all parishes to immediately undergo structural assessments of their churches and rectories before these can be used again.

‘To the parishes in the North that have been gravely affected, you are asked to refrain from using your churches for the celebration of the Holy Mass until the proper experts have carried out the assessment and declared the structures safe for use,’ the advisory said.

The directive came after the 6.9-magnitude earthquake left several heritage churches badly damaged.

The Archdiocesan Shrine of Santa Rosa de Lima in Daanbantayan, built in 1886, partially collapsed.

In a Facebook post, the shrine said the retablo image of Santa Rosa de Lima remain unscathed after it was ‘wrapped around some unused plastic bags.’ It noted that the image was one of the few icons that was not damaged by the earthquake.

Meanwhile, in Bantayan, portions of the outer facade of the Parroquia de San Pedro Apostol, which was completed in 1863, also gave way during the tremor.

The Cebu archdiocese urged the faithful to place their trust in God during this period of uncertainty.

‘We continue to pray to our Loving Father for calmness and strength in the midst of these trials. We entrust ourselves, our families, and our communities into His merciful hands. May the Lord shelter us under His wings, protect us from every harm, and guide us to safety and peace,’ it said.

The Sugar Regulatory Administration (SRA) has slapped a temporary ban on molasses imports to stabilize domestic stocks and prop up millsite prices.

The SRA issued Molasses Order (MO) 1 following the surge in shipments of imported molasses and the spike in the local output of the raw sugar byproduct.

Molasses imports for crop year 2024-2025 jumped to 853,285 metric tons (MT) as of end-August, 28 percent higher than the average annual shipments in the three previous crop years.

Local production of the sugar byproduct also rose by 21 percent to 1.18 million metric tons (MMT) in the reference period from 975,934 MT last year. This resulted in a domestic millsite stock balance of 303,961 MT.

The SRA noted that the millsite price of domestic molasses also plunged by 30 percent year-on-year to P12,000 per MT as of August 24.

‘Farmers, planters, sugar mills, and other stakeholders have expressed grave concerns on the issues of the stock balance of domestic molasses as well as the marked decrease in its millsite prices,’ MO 1 read.

‘There is, likewise, a concern on the apparent discrepancy between the volume of locally produced molasses used as feedstock by bioethanol producers and the corresponding volume of the products resulting therefrom.’

As such, SRA Administrator Pablo Luis Azcona told the BusinessMirror that the agency needs to verify that the feedstock used for bioethanol was local.

Under the Biofuels Act of 2006 or Republic Act (RA) 9367, all liquid fuels for motors and engines sold in the country should be blended with locally-sourced biofuels components.

‘There is thus a need to impose a moratorium on the importation of molasses, and to revisit and review the policies and practices on the same, if only to ensure a mutually beneficial relationship between the local production and the importation of molasses.’

The MO stipulated that the temporary ban on molasses imports will remain in effect until December 31, 2025 unless otherwise shortened or extended by the agency.

During the period of the ban, the SRA said it would not accept applications for import clearance of molasses.

However, all pending applications filed with the agency before the MO are deemed exempted. Imported shipments of molasses already in transit or covered by a purchase order as of the effectivity of the MO are also not included in the ban.

The SRA noted that imported molasses arriving in the country after November 30 would be covered by the MO and would not be issued import clearances.

Any violation of the provision under the order would be a ground for the revocation or non-renewal of the SRA registration of the molasses importer, it added.

In the aftermath of the recent typhoons that deeply affected many communities and left countless Filipinos striving to recover, the ALC Group of Companies once again showed its commitment to community service. On September 25, 2025, the company turned over cash donations and relief goods to Caritas Manila, Inc. in a simple ceremony at the Caritas Manila Compound in Pandacan, Manila.

Representing the ALC Group were the children of ALC Group Chairman D. Edgard A. Cabangon-Giannina Eunice A. Cabangon, Isuzu Gencars Operations Executive; Dannica Nicole A. Cabangon, Eternal Group Operations Executive; and Antonio Carlos G. Cabangon, Special Assistant to the Chairman of Aliw Broadcasting Corp. They personally handed the donations to Caritas Manila’s Executive Director, Rev. Fr. Antonio Cecilio T. Pascual, symbolizing the Group’s collective effort to stand with affected communities in their time of need.

The donations form part of the ALC Bayanihan Program, a company-wide initiative that brings together the management and employees of the ALC Group to extend assistance to those impacted by calamities. Beyond immediate relief, the program is designed to support rehabilitation and rebuilding efforts, ensuring that affected families can move forward with renewed strength and hope.

Speaking on behalf of the family, Dannica Nicole A. Cabangon shared: ‘Growing up, we witnessed how our grandfather, Ambassador Antonio L. Cabangon Chua, and our father, D. Edgard A. Cabangon, always made it a point to extend help to our fellow Filipinos. Inspired by their example, our generation is committed to carrying on this legacy of malasakit through initiatives that bring hope and support to those in need.’

This is not the first time the ALC Group has extended support to Caritas Manila. In previous years, the Group donated Isuzu Traviz utility vans, along with cash and in-kind contributions, to reinforce Caritas Manila’s programs for the poor and marginalized.

Founded by the late Ambassador Antonio L. Cabangon Chua and now chaired by D. Edgard A. Cabangon, the ALC Group continues to uphold its founder’s principle: that true success in business must go hand in hand with service to the community.

Celebrating a decade of digital marketing innovation, the Digital Marketing Association of the Philippines (DMAP), the leading organization known for its excellence and innovation in digital marketing, will set the stage for unlocking the next evolution of customer engagement at the 10th edition of the annual Digital Congress (DigiCon), with the theme, ‘The Age of ‘i’: The Power of Personalization,’ to be held on October 16 to 17, 2025, at the Manila Marriott Hotel, Pasay City, Metro Manila.

Now in its 10th year, the major digital convention will gather global and local industry experts, thought leaders, and technology pioneers to explore the complexities of personalization in an AI-driven world, unlocking strategies for scalable and impactful connections.

DigiCon ‘The Age of ‘i’ 2025 will offer attendees opportunities to learn, interact, and collaborate through five focused tracks:

Innovation (AI)

Intelligence (Data Science)

Immersive (Retail and Activations)

Impact (Brand Building)

Integration (Business Transformation)

These tracks, along with various practical and immersive activities, aim to enable attendees to explore the latest trends and emerging technologies in personalized marketing, fostering a culture of innovation and collaboration among industry professionals.

‘We are entering an era where personalization is paramount. This year’s theme, ‘The Age of ‘i,’ celebrates the transformative power of technology to create unique, meaningful connections with customers. In this rapidly evolving digital landscape, brands must navigate how to cultivate personal experiences in a connected world, driving stronger brand loyalty and effective customer experience. DMAP DigiCon 2025 will be the destination to empower digital marketers to navigate this era and explore the future of personalized experiences,’ DigiCon 2025 Chair Alan Fontanilla said.

Delegates of this year’s event will also get the opportunity to obtain program certifications in partnership with the Certified Digital Marketer (CDM). This initiative aligns with DMAP’s mission to future-proof the industry by providing crucial insights and skills, empowering marketers to stay ahead of the curve in the digital age amid evolving consumer behaviors and rapid technological shifts.

‘Filipinos are even more connected and are changing their habits digitally, so digital marketers must possess new levels of expertise and adaptability. DMAP is committed to leading the industry in navigating this complex landscape, providing the critical insights and skills necessary to thrive in an era of hyper-personalization. We continue to strive towards fostering an ecosystem where innovation thrives, and where professionals are equipped to shape the future of digital engagement,’ DMAP President Miko David said.

Building on past successes, DigiCon The Age of ‘i’ 2025 expects to attract over 2,000 attendees from various sectors, including marketing, advertising, business, academia, media, and innovation.

THE Philippine Coast Guard (PCG) on Tuesday said that it has taken into custody an alleged underwater Chinese drone recovered by local fishermen in Palawan waters over the weekend.

‘On Sept. 28, 2025, fishermen from Sitio Tapic, Brgy. New Colaylayan, Linapacan, discovered the approximately 12-foot-long device during routine fishing operations. Later that evening, they turned the AUV [autonomous underwater vehicle] over to Coast Guard personnel,’ it added.

The maritime law enforcement agency also stressed that this alleged UAV had been safely transported and secured at PCG Station Linapacan for further verification, technical examination, and investigation, in coordination with relevant national security agencies.

‘This incident highlights ongoing illegal marine scientific research in Philippine waters, amid a pattern of similar events involving foreign-origin autonomous AUVs,’ it added.

Preliminary observations show that the device features a Conductivity-Temperature-Depth (CTD) sensor-a compact probe designed to measure seawater salinity, temperature, and depth, which are key parameters for oceanographic profiling.

The sensor includes Chinese labeling (”) and a serial number (CTD-20090334), along with visible corrosion from prolonged saltwater exposure. It is mounted on a rugged metal frame, typical of components in autonomous underwater vehicles commonly known as ‘underwater drones.’

This recovery fits into a series of similar incidents in Philippine waters dating back to July 2022, including devices found in Pasuquin, Ilocos Norte (July 2022); off the Zambales coast (September 2022); Calayan Island, Cagayan (August 2024); Initao, Misamis Oriental (October 2024); and San Pascual, Masbate (December 2024).

At least three of those prior recoveries have been linked to Chinese deployment, based on evidence such as China Telecom SIM cards, iridium transceivers connected to Beijing-based HWA Create (a defense contractor), and battery packs marked by China Electronics Technology Group Corporation.

Previous forensic analyses of similar recovered AUVs have identified them as tools for advanced underwater surveillance and seafloor mapping.

The integrated CTD sensor allows for the collection of data on salinity, temperature gradients, depth, and acoustic propagation-essential for bathymetric charting and environmental monitoring. Recovered units have shown capabilities for autonomous data processing, storage, and satellite transmission, with one case revealing encrypted communications to mainland China during operations.

‘The PCG remains vigilant in safeguarding our maritime domain and protecting the livelihoods of our fisherfolk,’ PCG commandant, Admiral Ronnie Gil Gavan, said.

‘We commend the quick action of the local fishermen for reporting this find. This incident highlights the need for continued community awareness and a whole-of-nation approach to deter unauthorized activities in our waters,’ he added.

The device is undergoing detailed forensic examination to determine its exact origin, operational history, and potential security risks.

The public is urged to report any suspicious maritime objects to the nearest Coast Guard station.

CONVERGE will manage everyone’s expectations in Season 50 of the Philippine Basketball Association that starts with the Philippine Cup on Sunday at the Smart Araneta Coliseum.

Head coach Delta Pineda said most teams are competitive and could adjust to the pace of every game prompting his coaching staff to dig into the deepest details.

‘There are very strong teams and veterans so do not expect too much. We have so many young players in our team,’ said Pineda, whose team has an average age of 27 with Kevin Racal (34) and recently signed Rafi Reavis (48) as the veterans.

‘In terms of experience especially in crucial games, veteran players have the experience to take charge, but you’ll never know what may happen,’ the rookie coach who’s also the vice governor of Pampanga, said. ‘We have been together for a few years so we adjusted and corrected some of our mistakes.’

No. 2 draft pick Juan Gomez de Liaño (25) will be joining forces with Schonny Winston (27), Alec Stockton (27) and big men Justin Arana (26) and Justine Baltazar (28).

Converge swept all its four tuneup games against Meralco, Blackwater, NLEX and San Miguel Beer (114-99), but Pineda reminded his players not to be excited.

‘We need everyone’s cooperation and we are doing everything to prepare them so we can achieve our goals,’ Pineda said. ‘We need their hard work. If we do not prepare well, we cannot expect good things.’

The FiberXers couldn’t go beyond the quarterfinals-Governors Cup and Commissioner’s Cup-last year in three seasons in the league.

UNIVERSITY of Santo Tomas and National University aim to join idle Ateneo atop the University Athletic Association of the Philippines Season 88 basketball standings on Wednesday at the UST Quadricentennial Pavilion Arena.

The game starts at 4:30 p.m.

Eyes will be on Nigerian reinforcement Collins Akowe, a former NU Bullpup, who averaged 24.5 points and 18 rebounds in the victories over defending champion University of the Philippines and last year’s runner-up La Salle.

The Tigers are eyeing their first 3-0 start since 2015, the year UST last reached the finals.

Also expected to deliver are Forthsky Padrigao and Nic Cabañero.

NU coach Jeff Napa says the Bulldogs need to work on a lot of things to challenge for the semifinals.

‘Number one is consistency,’ Napa said.

The Bulldogs will lean heavily on Senegalese center Omar John, who averages 12 points and 5.5 rebounds.

In the 2 p.m. game, La Salle tries to get back on track when it takes on Far Eastern University.

The Green Archers split their first two outings, while the Tamaraws are still winless after two games.