ERC, with oversight of ?3.19-T industry, cites priorities

THE Energy Regulatory Commission (ERC) outlined its priorities for a resilient and competitive Philippine energy sector, highlighting oversight of a P3.19 trillion industry.

During the American Chamber of Commerce (AmCham) Annual 9th Energy Forum held last week, the agency shared regulatory measures and priorities during the forum, emphasizing the need for regulation to keep pace with the evolving needs of the country’s energy sector.

‘The ERC oversees an industry valued at approximately P4.19 trillion, covering generation, transmission, distribution, and supply,’ ERC Market Operations Service (MOS) Director Sharon O. Montañer said. She added that the ERC strategy focuses on strengthening grid reliability, expanding consumer choice through 100-kilowatt (kW) retain competition open access (RCOA), promoting investment, and facilitating the energy transition.

To strengthen power system reliability, the ERC is advancing measures such as the proposed Philippine Grid Code 2026, transmission development and the timely connection of new generation resources, strengthened reliability performance rules, and renewable energy (RE) integration in off-grid areas.

On competition, the ERC is expanding opportunities for consumers to participate in the competitive electricity market through the implementation of the 100-kiW contestability threshold under RCOA and the Retail Aggregation Program (RAP).

The commission is likewise pursuing reforms to promote a more predictable investment environment, including the rationalized rules for setting distribution wheeling rates and the streamlining of regulatory processes, while advancing reforms in distributed energy resources and behind-the-meter technologies to facilitate greater consumer participation in the energy transition.

Montañer emphasized that these initiatives are interconnected. They form part of the ERC’s broader objective of building an electricity sector that supports economic growth, promotes competition, attracts investment, and remains adaptable as the country transitions toward a cleaner and more resilient energy future.

‘Resilience is not simply the ability to recover from disruption. Resilience is the ability to emerge from disruption with a stronger system than before,’ Montañer said.

The ERC’s urgent tasks were broadened with the recent State of the Nation Address (Sona), where President Ferdinand Marcos Jr. directed the removal of the system loss charge from the electricity that users are billed for, as well as the value added tax imposed on it.

The ERC has proposed a draft resolution to remove the 12-percent VAT on system loss charges, aiming to lower electricity bills for consumers.

It also required all distribution utilities to submit their system loss data from 2021 to 2025 and every year thereafter. In particular, the data required for submission include the generation purchased cost, transmission cost, energy output, energy input, sub-transmission and substation, feeder technical loss, non-technical loss, and kilowatt hour (kWh) shouldered by the DU in excess of the feeder loss cap, if any.

Poverty incidence dips to 9.7% from 15.5%

THE country’s poverty incidence declined further in 2025, according to preliminary estimates from the Department of Economy, Planning, and Development (DepDev).

Data presented by DepDev during the Development Budget Coordination Committee (DBCC) briefing on Monday showed the poverty rate fell to 9.7 percent in 2025 from 15.5 percent in 2023.

If finalized, the 2025 figure would mean the Marcos administration reached its goal of bringing poverty incidence below 10 percent ahead of its 2028 target.

‘Based on the country’s official poverty lines and the preliminary estimates for 2025, poverty incidence, or the proportion of the population being poor among Filipinos, fell from 18.1 percent in 2021 to 9.7 percent in 2025,’ Socioeconomic Planning Secretary Arsenio M. Balisacan said in his presentation.

‘This means that 8.8 million Filipinos were lifted out of poverty over this period,’ he added.

Based on initial estimates presented by DepDev, the 9.7-percent poverty rate was based on a national poverty threshold of P14,634 per month for a family of five, higher than the P13,873 threshold in 2023.

The preliminary threshold for the National Capital Region was higher at P16,842 per month, while the food poverty threshold was estimated at P554 per day for a family of five.

Balisacan said the poverty line is intended primarily to track changes in poverty over time as the threshold is adjusted for inflation.

He also stressed that the threshold should not be interpreted as the amount required for a decent standard of living.

‘It’s not so much to say that a threshold like P554 is enough to meet a decent living,’ he said.

DepDev said the decline in poverty reflected the recovery in incomes and employment as well as the continued implementation of social protection programs.

Balisacan cautioned, however, that the gains remain vulnerable to elevated inflation, particularly among poor and low-income households, which spend a larger share of their budgets on food.

Based on PSA data, food accounts for 51.38 percent of the inflation basket of the bottom 30 percent of income households. Rice alone carries a weight of 17.8 percent in their basket, nearly double its 8.87 percent share in the basket for all income households.

Food inflation was recorded at 5.3 percent in July, reversing the 0.5 percent deflation recorded in the same month last year. Rice inflation, meanwhile, stood at 19.3 percent, the highest since July 2024.

‘If inflation remains elevated, it could slow or even reverse our recent gains in poverty reduction,’ Balisacan said.

Preliminary results of the 2025 Family Income and Expenditure Survey (FIES), which will serve as the basis for the final poverty incidence estimates, are expected to be released later this month.

The pursuit of modern harmony: Preserving heritage amid changes

FRESH air, trees, open roads, and a simpler way of life are often the first images that come to mind when we think of the provinces. These familiar scenes reflect traditions and ways of life that continue to endure despite the rapid pace of globalization, digitalization, artificial intelligence, and constant innovation.

While society continues to evolve, our heritage and culture remain evident through local traditions, community celebrations, craftsmanship, and everyday practices passed from one generation to the next. Much of this cultural heritage continues to be preserved through the stewardship of Indigenous Peoples (IPs).

According to the United Nations (UN), there is no single universally-accepted definition of IPs in international law and policy because it may fail to capture their diversity within a narrow description. Instead, the UN emphasizes their right to self-identification, alongside key criteria including community recognition, historical continuity with pre-colonial or pre-settler societies, strong ties to ancestral lands and natural resources, distinct social, economic, political, cultural, and linguistic systems, and a commitment to preserve their ancestral environments and identities.

Latest estimates from international organizations indicate that there are approximately 476.6 million IPs worldwide. Representing only around 6.2 percent of the global population, they continue to be excluded from national and international decision-making processes.

Urbanization, industrialization, and infrastructure projects have frequently overlooked their rights to ancestral lands, territories, and natural resources, proceeding without proper consultation and collaboration. This places them at greater risk of poverty and social marginalization, often leading to disruptions in their way of life, such as loss of livelihood, forced relocation, and the potential loss of cultural practices and identity. Similarly, as the Philippines is home to an estimated 17 million IPs, they also experience these unfortunate circumstances. In the country, there are notable cases involving the construction of dam projects, opposition to mining activities, and other business-related disputes.

Guided by international policies, the government has protected their rights through the implementation of Republic Act (RA) 8371, or the I Indigenous Peoples’ Rights Act (Ipra) of 1997, which recognizes and promotes the rights of Indigenous Cultural Communities/IPs (ICCs/IPs). The main purpose of this law is to safeguard their rights to ancestral lands and domains, respect their customs, traditions, and economic and political systems, and ensure equal access to basic government services such as education, employment, and health.

An important provision of RA 8371 secures the right of IPs to ‘free, prior and informed consent,’ ensuring that before any activity that may affect their lives, communities, lands, territories, natural resources, or traditional knowledge commences, they are provided with all relevant information and are able to give their voluntary consent free from coercion, manipulation, or intimidation. The law also enables IPs to participate in decision-making and policymaking through the ‘Indigenous Peoples Mandatory Representative’ mechanism, ensuring their representation in local government. One example of this was the successful implementation of the FPIC process during the Angat Water Transmission Improvement Project, where approximately hundred members of the Indigenous Dumagat community and representatives of the Philippine government participated in six consultation meetings before reaching a consensus. The agreed terms included community benefits and livelihood support, demonstrating that infrastructure development can uphold IPs’ rights while contributing to socio-economic development.

Protecting the rights of IPs extends beyond promoting fairness and respect-it also recognizes their important contributions to the country’s culture and environment. Despite their relatively small population, IPs have played a significant role in preserving cultural heritage and sustainably managing natural resources for future generations. Their long-standing stewardship of forests, mountains, and marine ecosystems has enabled them to develop traditional ecological knowledge that supports biodiversity conservation and sustainable resource management. One example is the traditional lapat system practiced by Indigenous communities in the Cordillera region, which regulates natural resource use through temporary area closures. This demonstrates how traditional environmental stewardship can complement modern efforts to address climate change and conserve biodiversity.

As business operations increasingly overlap with ancestral domains, companies are expected to assess the social and cultural impact of their activities on indigenous communities. This requires conducting appropriate due diligence and stakeholder engagements to understand how operations may impact their rights, territories and communities. Failure to respect these rights may expose businesses to legal, regulatory, and reputational risks, as well as potential disruptions to business operations.

R.G. Manabat and Co. (KPMG in the Philippines) can support organizations in navigating these challenges by identifying affected communities across the value chain, evaluating actual and potential risks and impacts, and providing guidance on relevant regulatory and disclosure requirements. The firm can also assist in developing strategies to strengthen collaboration with IPs and mitigate potential community impacts.

There are still many efforts needed to achieve a better life for the Indigenous people. While modernization is essential for societal growth, it should not come at the expense of Indigenous Communities as it can never replace their value and contributions to the world. Business expansion and modernization should be pursued responsibly to help create an environment where tradition and innovation can coexist and support sustainable development.

© 2026 R.G. Manabat and Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Ltd., a private English company limited by guarantee. All rights reserved. This article is for general information purposes only and should not be considered as professional advice to a specific issue or entity. The views and opinions expressed herein are those of the author and do not necessarily represent KPMG International, R.G. Manabat and Co. or the BusinessMirror. For more information, you may reach out through ph-kpmgmla@kpmg.com, social media or visit www.home.kpmg/ph.

Prime Infra fast-tracking Wawa PSHPP

The 600-megawatt (MW) Wawa pumped storage hydroelectric power plant (PSHPP) project of Olympia Violago Water and Power Inc. (OVWPI) will be ready in the first quarter of 2030.

‘Before the due date, the due date is 2030. We hope to finish earlier than that.

Hopefully, sometime, no later, in the first quarter of 2030. We are trying to be pragmatic about these things.

There’s a lot of work to be done. Our goal is very simple: to deliver on our promise. We are doing well so far,’ Prime Infrastructure Capital Inc. President Guillaume Lucci said during a site visit at the pumped storage facility over the weekend.

OVWPI is a subsidiary of Razon-led Prime Infra. The $2.57-billion PSHPP project in Rizal province is currently 18 percent complete. The construction includes dams, an upper reservoir, an underground powerhouse, tunnel water conveyance systems, and a switchyard.

Essentially, the project integrates with the Upper Wawa Dam to provide 6,000 megawatt-hours (MWh) of daily energy storage capacity, intended to supply mid-merit and peak power to the Luzon grid, reduce reliance on fossil-fuel generation, and improve grid flexibility.

‘The bulk water is completed and has been operating for a while. The pumped storage is about 17 (percent) to 18 percent completed,’ said Lucci. ‘The pumped storage facility started construction about a year and a half ago. We have another three and a half years to go.’

Department of Energy (DOE) Secretary Sharon Garin, who joined the site visit, said the PSHPP project is ‘ambitious, impressive, and high-tech.’

A high-tech pumped storage plant acts as a giant water battery for the electrical grid. It uses two water pools at different heights. When power is cheap, it pumps water up. When power is needed, it lets water fall through smart turbines to make electricity

‘This is one of the most impressive projects that we’ve seen, because it’s not just about power. The efficiency of the civil works is quite impressive. It’s a feat of engineering, actually,’ said Garin. ‘Only one year and a half into construction and yet so much has been accomplished for a project this big, especially on time, or even earlier than due date.’

Prime Infra noted that pumped storage hydro absorbs energy at times of low demand and releases it when demand is high. It stands as a significant player in the energy landscape by enabling the continued dispatch of variable renewable energy as it stores excess capacity when there’s an oversupply and dispatching the same when the supply goes back down.

‘Whenever you need more power, you can call on the pumped storage to bring it. So, it’s like a battery, you can store the excess and bring it in when it is needed. It complements the renewable energy,’ added the energy chief.

This project is part of Prime Infra’s 2-gigawatt (GW) PSHPP portfolio. Another subsidiary, Ahunan Power Inc., is currently constructing the 1,400-MW Pakil PSHPP in Laguna.

The projects, which are both certified Energy Projects of National Significance, support the government’s target to increase the share of renewable energy in the Philippines’ generation mix to 35 percent by 2030 and 50 percent by 2040.

Prime Infra secured last March two financing agreements amounting to P273.47 billion, featuring P214.87-billion project loan and a P58.6-billion letter of credit facility, to finance the Pakil and Wawa PSHPP projects.

AirAsia flight from Da Nang diverted to Clark due to bad weather in Manila

AirAsia Philippines said Sunday that a Manila-bound flight from Da Nang, Vietnam, was temporarily diverted to Clark International Airport due to adverse weather conditions in the capital.

Flight Z2 823 departed Da Nang International Airport Sunday morning for Manila but was rerouted to Clark as bad weather affected the flight’s destination.

AirAsia said the diversion was made to ensure the safety of passengers and crew.

Upon landing in Clark, passengers were assisted and accommodated at the boarding gate provided by airport authorities. Two passengers who required medical attention were attended to by the airport medical team.

The airline said snacks had been distributed to passengers while hot meals were being prepared as they waited for the flight to continue to Manila.

AirAsia said it was coordinating with authorities to secure the necessary flight clearances, permits and gate arrangements before the aircraft could depart Clark.

Flight arrangements and the estimated departure time have been communicated to affected passengers but remain subject to operational and weather conditions, the airline said.

‘We understand the inconvenience this has caused our guests. However, given the prevailing weather conditions, safety remains our priority,’ AirAsia Philippines said.

The airline thanked passengers for their patience and understanding as it worked to safely bring them to Manila.

Korean brand Compose Coffee brings quality coffee within reach

Compose Coffee has officially opened its first Philippine branch at Market! Market! in Bonifacio Global City.

A favorite among coffee and non-coffee drinkers in South Korea, the brand has built its reputation on serving quality beverages, generous portions, and great value, proving that enjoying good coffee does not have to come at a premium.

This new store marks the brand’s third international location outside South Korea, after the successful launch in Taiwan earlier this year.

According to Jollibee Group’s Allan Tan, Business Development Head of Compose Coffee Philippines, they were inspired to bring the brand to the country because coffee has become more than just a caffeine fix for Filipinos.

‘We are excited and proud to bring Compose Coffee to the Philippines because we know that for many, it is where mornings begin, routines become a highlight , and friends catch up. Whether you are a coffee enthusiast or someone who enjoys the occasional sweet, refreshing drink, we are confident there is a drink at Compose Coffee that is just your type,’ said Tan.

While Compose Coffee has gained attention for its rapid growth and partnership with BTS’ V, what truly made the brand a favorite is its belief that a good coffee should be accessible to everyone.

By combining quality ingredients, carefully crafted beverages, and affordable prices, Compose Coffee has redefined what a value coffee experience can be.

Meet Compose Coffee

The brand’s story began in Busan, South Korea, in 2014 with a simple mission: to make high-quality coffee more accessible to everyone. Today, it has grown into South Korea’s second-largest value coffee chain, known for serving quality beverages without the premium price tag.

Behind every cup is the brand’s commitment to quality. Compose Coffee, in 2016, established its first in-house roasting facility before opening the country’s largest coffee roasting factory in 2022.

This allowed the brand to produce its signature Bitterholic Blend in-house, ensuring consistency and quality in every cup.

Planning your first visit? Start with these drinks

At Compose Coffee, there is a drink to match your every craving and preference. From bold espresso classics to creamy lattes and refreshing non-coffee options, there is something on the menu that is just your type.

Here are drinks you should not miss on your first visit.

Of course, no visit to a Korean coffee brand is complete without trying one of Korea’s most iconic coffee orders – Iced Americano (PhP 90). The brand’s version features bold espresso over ice, delivering a nutty profile with bittersweet chocolate notes – a classic choice for those who enjoy their coffee strong and straightforward.

If you are not into bold coffee flavors but still want to live your K-drama fantasies, you may want to try Orange Americano (PhP 150), a Philippine-exclusive offering. Bright orange citrus meets bold espresso, creating a refreshing cup that is perfect for warm afternoons.

If you prefer your coffee smooth, creamy, and comforting, Vienna Cream Latte (PhP 160) is a must-try. This bold cafe latte is topped with Compose Coffee’s signature silky cream, creating a rich, velvety texture that balances the espresso’s boldness.

But if you are someone who enjoys a sweet coffee experience, Dalgona Latte (PhP 170) offers a delightful twist on a cafe classic. Finished with a generous layer of crunchy, caramelized dalgona, every sip offers a satisfying blend of sweet, creamy, and bold flavors – definitely a treat for those with a sweet tooth.

Staying true to its promise of making great-tasting coffee accessible, all beverages are served in a generous 20oz size, giving customers more coffee and even greater value in every cup.

More than just a coffee shop

Beyond its signature beverages, Compose Coffee hopes to become the new coffee spot where Filipinos can create their own coffee rituals – whether it is a quick morning pick-me-up, an afternoon work break, or a catch-up session with friends.

As the brand begins its journey in the Philippines, it sets its sights on becoming a familiar part of Filipinos’ daily coffee routine.

‘We believe great coffee should be exactly as it should be – consistently delicious, accessible, and something everyone can enjoy every day. From our signature Bitterholic Blend and carefully crafted beverages to our affordable prices and fast service, every part of the Compose Coffee experience is designed to make quality coffee an easy part of our customers’ daily routine,’ said Nicole Tan, Marketing Manager.

Whether you are a coffee enthusiast, a curious first-time visitor, or simply missing a taste of Seoul, Compose Coffee invites you to discover a drink that is just your type.

Visit the brand’s first branch at Market! Market! in Bonifacio Global City and experience coffee as it should be. You may also follow Compose Coffee Philippines on Instagram and Facebook for promos and other updates.

’Miming and Friends’: Filipino animated series brings eco-awareness close to home

For children, learning often begins with a story, a song or a colorful character that captures their imagination. For one Filipino couple, these simple elements became the foundation for an animated series that teaches young viewers not only how to count and identify colors, but also why caring for the environment matters.

In a recent episode of ‘Freshly Brewed,’ BusinessMirror’s weekly podcast, Ramon del Prado, co-creator of ‘Miming and Friends,’ spoke with BusinessMirror multimedia producer John Eiron Francisco about how the homegrown series uses creativity to make environmental education fun, accessible and meaningful for Filipino children and families.

Back in 2020, Dumaguete-based animator and storyteller Ramon and Meryll del Prado created and produced a YouTube animated series titled ‘Miming and Friends.’

At the heart of the series is Miming, a catfish, along with a lovable cast of ocean-inspired characters who teach children how to sing, count and identify colors. Beyond these early learning lessons, the series also introduced environmental topics such as waste segregation, plastic recycling, composting and climate change in a fun, engaging and age-appropriate way.

Before the pandemic, the couple worked as multimedia artists and ran their own studio. Meryll was the producer, while Ramon served as the technical director and artist behind the creations produced by the studio.

When the pandemic lockdown began, the studio closed, leaving them without clients.

‘We finally had the time to create something that we’ve always wanted. So that became the start for ‘Miming and Friends,” said del Prado.

Like many Filipinos, the del Prados grew up watching cartoons produced abroad.

‘We all grew up watching cartoons, but were they our cartoons? They were somebody else’s. We admired the stories, the skill set in creating them, but these were not Filipino characters,’ he said.

In 2022, two years after launching the series on YouTube, Mondelez International Philippines and Save Philippine Seas invited the del Prados to create a five-episode sustainability series that would bring together science, creative storytelling and industry support to make environmental education more relatable and enjoyable for Filipino children-and even adults who are still young at heart.

Creative process

DEVELOPING a concept is the most exciting part of the process, noted del Prado.

‘Before we started collaborating with Mondelez, the earlier episodes were about what would be interesting lessons that we want our characters to teach. And now, how do we introduce these characters to a worldwide audience?’

Observing that Filipinos are multilingual, the couple were also inspired to imagine a world where people spoke different languages while remaining connected.

As the series expanded, so did the complexity of producing it. More characters were introduced with each succeeding episode, requiring more time and effort to animate.

‘There are more characters, and with each succeeding episode, the characters just keep adding up. So, the number of characters to animate keeps adding, especially for the latest one where we added eight more new characters into the picture,’ he said.

A passion project grows

THE del Prados are first-time parents with a baby daughter, so balancing work and childcare has become a constant challenge.

Producing the series can be time-consuming and takes up much of their waking hours.

‘Mostly, there’s lack of sleep. I’m not as young as I used to be, so I need to rest. There are times like that,’ he said.

‘But then we also look at the bigger picture-we’re doing something very different, and it’s something we’ve always wanted to do.’

Del Prado credits his supportive partner as the fuel that keeps him going.

‘Meryll’s a very good cheerleader, especially when things get really tough. She’s seen me in my million stages of grief that an artist goes through when creating a certain episode.’

Milestones and Miming

ON YouTube, ‘Miming and Friends’ has surpassed 100,000 subscribers and earned the Silver Play Button, a coveted distinction among content creators.

The series has likewise become a learning resource for schoolteachers, NGOs and government agencies. Aside from Mondelez and SPS, the del Prados also have a formal agreement with the Department of Environment and Natural Resources (DENR) for a shared initiative on environmental education.

The development still surprises its creators, who initially wanted to produce content that would complement homeschooling during the pandemic.

‘When we created it during the lockdown period, homeschooling was a big thing. We were in a teacher’s group wherein parents confessed they were getting homeschool fatigue. They were running out of activities. We wanted to help by providing educational content. You can select different episodes and put them together to make the homeschool lessons a bit more interesting.’

From that homeschooling group, the animated series caught the attention of the Department of Education office in Tanjay City, Negros Oriental, which asked the del Prados if the episodes could be screened in schools. USAID has also tapped them to create episodes on the life cycle of fish and marine-protected areas.

‘It’s actually a dream come true that we hope would keep going because our goal, for one, is to have our initial childhood goal of creating one’s own animated show. And, two, we’re also very in touch with the environment. We want to do what we can in our capacity,’ he said.

Through their partner organizations, the series has been shown across the country, reaching viewers in rural schools and even fishing communities.

Although ‘Miming and Friends’ is a children’s show, it has also become an enjoyable watch for parents.

‘I think the co-viewing experience with the family is important because you have that bonding moment. The colors and the songs are there for the children. But then we insert a bit of character development to make the plot a bit more complex to keep the adults entertained as well.’

With guidance from SPS, topics such as recycling non-biodegradable materials and composting had to be explained from a child’s point of view-either through a song or as part of the story.

‘In recycling, for instance, we found a way to simplify the industrial process and the right kind of plastic used. We found a way to simplify that complex process, break it down into four different parts to be sung by a hermit crab and that the general public can understand.’

Island awakening

THE five-episode ‘Miming and Friends’ begins with three friends-Miming, Buboy and Anacorn-on a tropical island getaway.

But their vacation is interrupted by a distress call from one of the sea animals who needs their help. The experience becomes an awakening for the three as they confront the problems facing the ocean.

Del Prado revealed that the fifth and final episode was the most challenging to create because of the number of characters appearing in it.

‘We wanted to create this finale where everyone just comes back and all the information that we talked about-from the waste segregation in the first episode, to the other topics like recycling, composting, and greenhouse gas. We had to bring all of that back and sung by all these characters in the fifth episode,’ del Prado revealed.

The enlightening finale reunites the original three-Miming the catfish, Buboy the flying lizard and Anacorn the unicorn-with Darling the dugong, Aling Ermi the hermit crab, Basilyo the bacteria and Ghregoryo the Greenhouse Monster, along with more song-loving and environmentally aware sea creatures.

Caring for the environment is a fundamental value that should be nurtured in children, in the same manner that respect, honesty, gratitude and kindness are taught at an early age.

‘Children are actually the most vulnerable and empathetic to issues such as these. They’re not yet jaded, and they have the spirit to make a difference. Whereas adults may already think, ‘We can’t do anything about it anymore. It’s a very big issue,” reflected del Prado.

‘But if the children start doing it, then as they grow, they keep those values in them. Hopefully, when they become adults themselves, those values will stay with them,’ he added.

Del Prado sees hope in teaching children the value of protecting the environment early on.

‘I think we’re slowly getting there. We’re becoming more aware of waste segregation and caring for the environment. The younger generation now are becoming more vocal when there are things that are affecting the environment even if it’s outside their house,’ he said.

Proudly Filipino

LOOKING back, del Prado has gained a lot of insights not only as a creator but also as a Filipino storyteller.

‘Growing up, we used to think that creating an animated show can only be done in Hollywood or in Japan. But seeing what we’ve done today, we’ve created a show wherein we got people’s attention, and we got Mondelez and, now, the DENR on board,’ he said.

On July 14 and 15 this year, the del Prados traveled to Tokyo, Japan, where ‘Miming and Friends’ represented the Philippines at the UNIDO Southeast Asian Creator event, also known as the SEA Creators Meet-up 2026.

What began as a pandemic-born passion project has grown into an educational resource reaching children and communities across the Philippines. Proudly made by Filipinos and for Filipino children, ‘Miming and Friends’ is a testament to what Filipino storytellers can create-and to how stories made close to home can inspire children to care for a world that belongs to all of us.

Watch the full interview on BusinessMirror’s YouTube channel. Catch new episodes of Freshly Brewed every Monday at 10 a.m. on BusinessMirror’s YouTube channel, Facebook page, and website.

Govt incurs ?3.4-B commitment fees for delays in using approved ODA loans

THE government has incurred P3.4 billion in commitment fees since the start of the Marcos Jr. administration for delays in utilizing approved loans from external development partners.

Finance Secretary Frederick D. Go said the government accumulated a total of P3.4 billion in commitment fees since 2022 due to delays in the implementation of foreign-assisted projects.

This was in response to the query of Akbayan Rep. Dadah Kiram Ismula, who asked, at Monday’s Development Budget Coordination Committee (DBCC) briefing for the House of Representatives,

how much did the administration incur in commitment fees from delayed projects redirected to unprogrammed appropriations.

Unprogrammed appropriations are standby spending authorities that may only be used if specific legal conditions are met, such as the availability of additional revenues beyond projections or the realization of new loan proceeds.

On project delays, Go said there may be penalty clauses in contracts between implementing agencies and contractors or service providers, but these are separate from lender-related commitment fees.

Delays effectively create a financial penalty through higher project costs, as long delays can lead to cost overruns or additional project costs, he added.

‘We have witnessed that in several flagship transportation and [Department of Public Works and Highways’] projects that when the project is delayed for years, the project could actually double in cost,’ Go said.

Budget Secretary Kim Robert C. De Leon said that these foreign-assisted projects are now lodged under programmed appropriations for 2027 to ensure government counterpart funding is available and projects can proceed.

‘This is to start the necessary preliminary works, design works, in case the loan agreements are signed anytime by 2027,’ De Leon said.

The Budget chief clarified that foreign-assisted projects without signed loan agreements were placed in unprogrammed appropriations because there was uncertainty over when their loan agreements would be finalized.

Once the loan agreements are signed, the loans become active and the government can release the corresponding funding, he added.

In 2025, the total active official development assistance (ODA) in the country reached $41.8 billion.

These consist of 95 project loans amounting to $31.7 billion, 17 program loans amounting to $8 billion and 340 grants amounting to $2.1 billion.

Active ODAs refer to loans and grants that were signed, became effective, continued implementation, completed implementation, or had ODA financing closed from January 1 to December 31, 2025.

North vs South Pueblo de Oro Finals duel on

THE North and South teams brace for a high-stakes showdown as the International Container Terminal Services Inc. Elite Junior Philippine Golf Tour Finals blasts off Tuesday at the Pueblo de Oro Golf and Country Club in Cagayan de Oro City.

Both sides are coming off a long, grueling campaign highlighted by six legs of regional qualifying and now bring their best young players into a Ryder Cup-style showdown that will test not only their shot-making but also their composure under pressure.

And with four-ball matches opening the Finals, getting off to a strong start could prove crucial.

Day I will feature the best-ball competition, with both sides expected to field their strongest partnerships in the 7-10, 11-14 and 15-18 age categories-each player will play his or her own ball, with the better score of the pair counting on each hole.

Day 2 shifts to the challenging foursomes (alternate shot), before the deciding singles matches are played on Thursday.

North coach Joey Anciano knows the opening exchanges could set the tone for the entire showdown, but stressed that staying composed in pressure-packed moments will ultimately separate the winner from the loser.

‘Staying calm under pressure. Both teams are good, but the side that handles the close moments and makes key putts will win,’ Anciano said.

The North boasts considerable depth in the 7-10 division led by girls Winter Serapio, Jaicee Cervantes, Andrea Dee and Jehanne Mendoza and boys Zach Guicio, Zoji Edoc, Kenzo Tan and Kingston Ching.

South, however, has plenty of firepower of its own, with Soleil Molde, Ana Marie Aguilar, Vanya Go and Akeisha Yocte leading the girls’ side, while Ethan Lago, Stephen Clementer, Lucas Revilleza and Darren Ong banner the boys’ contingent.

The 11-14 division promises another riveting battle, with North leaning on girls Cailey Gonzales, Georgina Handog, Mavis Espedido and Quincy Pilac, while Chan Ahn, Vito Sarines, Javie Bautista and Jacob Casuga make up the boys’ contingent.

South counters with Marqaela Dy, Brittany Tamayo, Rafella Batican and Zuri Bagaloyos in the girls’ bracket, and Ken Guillermo, Jared Saban, Ralph Batican and Mico Woo among the boys.

The 15-18 girls’ division adds another layer of intrigue, with North’s Lisa Sarines, Rafa Anciano, Mona Sarines and Kendra Garingalao taking on South’s Tashanah Balangauan, Precious Zaragosa, Apple Gotiong and Lois Lane Go.

North’s Shinichi Suzuki, Jakob Taruc, Nathan Belandres and Santi Asuncion, on the other hand, gear up for a spirited battle with South’s Alexis Nailga, Sebastian Sajuela, Clement Ordeneza and Roman Tiongko in the premier boys’ division.

VEGGIES FEEL THE WEATHER

Vegetables are on display at Balintawak Market as consumers brace for possible price increases following recent bad weather that has disrupted agricultural production and supply in several areas.

The Department of Agriculture has reported at least P197 million in agricultural damage from recent weather disturbances, raising concerns over tighter supplies and higher prices for some farm commodities.