Category: Business Mirror

WHILE the government boosted its release of cash allocations, state agencies’ budget use slipped to 93.8 percent as of the end of August, according to the Department of Budget and Management (DBM).

Latest data from the DBM showed that the notices of cash allocation (NCAs) released to government agencies hit P3.356 trillion from January to August this year.

The figure is higher by 7.43 percent from the P3.124 trillion disbursed in the same period last year.

An NCA is a disbursement authority issued by the DBM to government agencies to pay their operating expenses, purchases of supplies and materials, as well as programs and projects.

Following the NCAs released by the DBM as of end-August, government agencies only used P3.147 trillion, posting a utilization rate of 93.8 percent.

However, the cash utilization rate was lower compared to the 95 percent recorded during the same period a year ago.

A higher NCA utilization rate shows the capacity of line agencies to timely disburse their allocated funds and implement their programs and projects.

DBM data further showed that line departments utilized P2.288 trillion or 91.9 percent of the P2.490 trillion in NCAs disbursed to them. The utilization rate was also slightly lower than the 93 percent posted a year ago.

Among the departments, the Department of Public Works and Highways (DPWH) and the Department of Education (DepEd) receive the highest NCAs worth P646.698 billion and P484.589 billion, respectively.

DepEd’s use of its cash allocations moderately improved at 95.8 percent compared to last year’s 95 percent, while DPWH’s budget utilization marginally slowed to 94.3 percent from 95 percent a year ago.

Based on the data, none of the line departments achieved a 100 percent utilization rate of its cash allocations during the eight-month period.

Still, the Commission on Audit registered the highest NCA utilization rate at 99.6 percent, trailed by the Department of Migrant Workers with 98.8 percent and the Department of Foreign Affairs with 98.5 percent.

Furthermore, budgetary support provided to government-owned and -controlled corporations (GOCCs) reached P82.843 billion as of end-August, lower by 10.47 percent year-on-year from P92.540 billion.

Of the amount, P81.697 billion was utilized, equivalent to 98.6 percent, slightly down from last year’s 99 percent.

Meanwhile, NCAs allotted to local government units (LGUs) amounted to P783.083 billion. Approximately P777.298 billion of this amount was utilized, or 99.3 percent.

State agencies, including LGUs, have a remaining P209.082 billion in unused NCAs as of the end of August.

Out of the record P6.326-trillion national budget for this year, 95.5 percent or P6.041 trillion has been released as of the end of August.

For 2026, the national budget is proposed at P6.793 trillion, 7.4 percent higher than this year’s level.

Matteo Malucelli of XDS-Astana stamped his class. He won Stage 1 of the PETRONAS Le Tour de Langkawi 2025 (PLTdL25) in Kuah this morning.

?The PLTdL24 Sprint King, who joined Astana earlier this year after not extending his contract with JCL UKYO – held off the challenges of second-place finisher and PLTdL22 Sprint King, Erland Blikra from Uno-X Mobility and PLTdL23 Sprint King, Arvid Kleijn (Tudor Racing Team).

The large group finished the ride in 2 hours and 22 seconds, granting Malucelli a 10-second bonus, which also allowed him to take the green jersey as the overall leader sponsored by PETRONAS, and 15 points to head the Sprint King points tally and claim the orange jersey sponsored by the Ministry of Youth and Sports (KBS).

Meanwhile, Terengganu Cycling Team (TSG) rider Muhammad Nur Aiman Rosli also made strides in the General Classification (GC) when he grabbed a 7-second bonus after dominating two intermediate sprint zones at Harbour Park and Padang Matsirat, in addition to a third place in the second sprint zone at Bayas. This effort earned him the white jersey sponsored by Rakan Muda as the Best Asian Rider.

?St George Continental rider, Ben Carman, who broke away as they approached the sole Category 4 climb zone at Bukit Malut 16km before the finish, claimed the polka dot jersey as King of the Mountains sponsored by BubblesO2.

?For Malucelli, who won Stages 2, 7, and 8 of PLTdL24, this victory in Stage 1 of PLTdL25 is a joyous occasion and provides great motivation for the remaining 7 stages.

‘I was comfortable throughout the ride, and as we approached the finish line, my teammate (Anton) Kuzmin pulled me forward, but I was still watching (Alexander) Kristoff (Uno-X Mobility). But when Kristoff slowed down and Blikra started to accelerate, I also began my sprint in the last 300 meters and finally won.

?’Being in a WorldTeam gives me more confidence, especially since I felt comfortable and calm throughout the race. Winning the first stage and wearing the leader’s jersey gives me confidence, but I know the responsibility is getting bigger. However, we will stay focused and concentrate day by day because there are many more stages to come,’ said the 31-year-old rider who also won stages at the Tour of Presidential Turkiye and Tour of Hainan this year.

??Meanwhile, Nur Aiman, who is also this year’s national road and individual time trial champion, proved he is more prepared in his third appearance at PLTdL25.

?’The coach told me to try to make a breakaway, and that’s what I did. I’m happy with the white jersey (Best Asian Rider) and the second position in the GC. I have confidence and hope to do something even bigger for the team in Stage 3 (Gerik-Pasir Puteh),’ he said, referring to the three early climb zones before the long flat route after crossing the Titiwangsa Range.

Although the race started in the rain with a total of 129 riders, the pace turned aggressive when Unibet-Tietema Rockets rider Aiden Maire initiated a break after 30km, and he was joined by Nur Aiman, George Mitsui (Aisan Racing Team) and Nate Hadden (St George) to form a small leading group.

?This group was only 1 minute 50 seconds ahead before the peloton, driven by the Astana, Tudor and Uno-X teams, chased and caught them immediately after passing the third sprint zone.

Carman’s brief breakaway allowed him to conquer the easy Category 4 climb zone at Bukit Malut, before he was caught. Although one or two riders attempted a late break, the script for the Stage 1 finish still ended with a bunch sprint to the finish line.

?One rider from the KSPO team, Lee Hosan, failed to complete the first stage and is out of the competition, further complicating matters for the South Korean Continental team which only fielded five riders this time.

?Stage 2 of PLTdL25 will start in Padang Besar, Perlis to Kepala Batas, Penang tomorrow, covering a distance of 166.1km and it is once again expected to end with a bunch sprint to the finish line on Jalan Tun Hamdan Sheikh Tahir.

?Without any climb zones, three intermediate sprint zones in Jitra (km54.0), Pendang (km90) and Sungai Petani (km142.9) will see fierce competition for the green jersey, the orange jersey and the white jersey.

A good night’s sleep just got better. Global sleep solutions brand Serta, in partnership with OUR HOME, unveiled the new Perfect Spine Collection at SM Megamall, treating guests and shoppers to a day dedicated to comfort, wellness, and the science of better sleep.

The launch was more than a product showcase-it was an experience. Attendees explored the collection through hands-on demonstrations and sleep consultations, with many taking advantage of the exclusive one-day promo of 50% OFF.

Perfect Balance for Restorative Sleep

What makes this collection stand out is its unique balance of firm support and plush comfort, designed to cradle the body while keeping the spine properly aligned. Unlike ordinary mattresses, the Perfect Spine Collection was developed with restorative sleep in mind-helping people wake up feeling recharged and ready for the day.

To highlight just how important sleep is to everyday life, Dr. John Andrew M. Yam, MD joined the celebration and shared:

‘Sleep is essential to our overall well-being. The right mattress can transform the way we rest, directly influencing our health, focus, and even our mood.’

Partnership for Better Living

Known worldwide as ‘The World’s Best Mattress,’ Serta continues to set the standard for premium sleep. With decades of innovation and trust behind it, the brand has become synonymous with comfort, durability, and thoughtful design-making it the top choice for millions of sleepers around the globe.

Now, through its partnership with OUR HOME, Serta is bringing world-class comfort-and its promise of better sleep-closer to Filipino homes.

With 33 stores nationwide, OUR HOME continues to bring global style into Filipino homes with great design and great prices.

Florante at Laura, a cutting-edge ballet version of this still relevant and timely story about love, heroism, and patriotism, returns for a second run at the Aliw Theater stage on October 3 to 5, 2025 with live orchestral music performed by the Orchestra of the Filipino Youth (OFY).

Presented in celebration of Ballet Manila’s 30th Anniversary, this restaging of National Artist Ryan Cayabyab’s original composition offers a powerful collaboration of classical music, ballet, and timeless Filipino literature set to music by the OFY, composed of 60 musicians under the baton of conductor Toma Cayabyab.

This landmark production first premiered in 2024 with thechoreography of Gerardo Francisco Jr. and Martin Lawrance and the artistic direction of Lisa Macuja Elizalde. to sold-outaudiences and wide critical acclaim. Inspired by Francisco Balagtas’ epic poem, Ryan Cayabyab gifted his original music for Florante at Laura to the OFY, a testament to his continued support of Filipino youth and excellence in music.

It was composed with OFY in mind as its premiere orchestra, making the young musicians not just performers, but the very heart of the musical journey. This 2025, audiences will once again witness Ballet Manila’s choreography matched by the live performance of the OFY.

More than its restaging, this season also marks the digital releaseof the official music of Florante at Laura. It was professionally recorded by the OFY under the baton of Maestro Gerard Salonga at Tanghalang Ignacio Gimenez (CCP Black Box Theater). The album will be available on Spotify, Apple Music, and other major streaming platforms starting October 1, 2025, bringing the spirit of the stage to listeners around the world.

San Juan and Rizal Province closed their elimination round campaigns with victories over also-ran teams on Monday in the Maharlika Pilipinas Basketball League at the Marikina Sports Center.

The San Juan Knights trounced the Marikina Shoemasters, 78-61, to improve their win-loss record to 26-3 and finish No. 3 in the North Division behind the Abra Weavers (27-1) and the Nueva Ecija Rice Vanguards (27-2).

Rizal subdued Bacolod, 78-72, for a 19-10 record and third spot in the South Division led by Quezon (25-4) and Batangas City (19-10).

Arvin Gamboa scored 18, while Orlan Wamar had 10 points and nine assists for the Knights.

Karl Penano and Jay Yutuc each had 12 points for Marikina, which exited with a 4-25 record.

Michael Canete scored 14 points, while Alwyn Alday had 11 points for Rizal.

Bacolod bowed out with a 7-22 slate. John Lemuel Pastias scored 15 points, while Jan Gabriel Sobrenega and Aldave Canoy had 12 points each.

THE growth of the country’s export earnings continued to slow in August 2025, according to the latest data released by the Philippine Statistics Authority (PSA).

Based on the International Merchandise Trade Statistics of the Philippines, the country’s exports grew 4.6 percent to $7.06 billion in August 2025 from the $6.75 billion posted in the same period last year.

It can be noted that after peaking at 26.9 percent in June 2025, export earnings slowed to 17.6 percent in July and posted single-digit growth in August.

‘The year-to-date total value of exports, that is from January to August 2025, amounted to $55.7 billion. This represents an annual increase of 12.6 percent from the year-to-date total export value of $49.45 billion in January to August 2024,’ the PSA said.

The commodities that posted contractions in August were copra oil cake or meal which contracted 71.9 percent in August, followed by unmanufactured tobacco at 67.8 percent; other products manufactured from materials imported on consignment basis, 63.4 percent; copper concentrates, 62.5 percent; and other fruits and vegetables, 62.4 percent.

Commodities that posted the fastest growth in August were led by other forest products which surged 200.3 percent; gold, 153.4 percent; footwear, 127.2 percent; iron and steel, 91.2 percent; and desiccated coconut, 89.9 percent.

‘The commodity group with the highest annual increment in the value of exports in August 2025 was electronic products with $303.79 million. This was followed by gold with an annual increase of $160.37 million, and other mineral products with an annual increment of $112.09 million,’ the PSA stated.

Further, PSA said electronic products remained the country’s top exports in August 2025 with total earnings of $3.87 billion or 54.8 percent of the country’s total exports during the period.

The data showed this was followed by other mineral products with an export value of $384.26 million, accounting for 5.4 percent of the total; and machinery and transport equipment with $363.65 million, or 5.1 percent of total export earnings.

Import receipts

Meanwhile, the country’s import receipts amounted to $10.6 billion, indicating an annual decrement of 4.9 percent from the $11.15 billion import value in the same month of the previous year.

In July 2025 and August 2024, the PSA said that the country’s import value recorded annual increases of 5.8 percent and 2.9 percent, respectively.

In August 2025, the PSA said the commodity group with the highest annual decrement in the value of imported goods was mineral fuels, lubricants and related materials with $611.83 million.

This was followed by metalliferous ores and metal scrap, which decreased by $168.7 million, and cereals and cereal preparations with an annual decline of $86.15 million.

‘The year-to-date total import value from January to August 2025 amounted to $88.08 billion. This represents an annual increment of 5.1 percent from the year-to-date total import value of $83.78 billion in January to August 2024,’ the PSA said.

China top export market, import source

Meanwhile, the PSA said the country’s top export market and import source for August 2025 was China.

In terms of exports, Hong Kong, China was the country’s top export destination with an export value amounting to $1.19 billion or a share of 16.9 percent to the country’s total exports in August 2025.

Other top export partners for the month were the United States of America (USA), $1.09 billion or 15.4 percent of the total; Japan, $979.00 million, 13.9 percent; People’s Republic of China, $849.32 million, 12 percent; and Republic of China (Taiwan), $292.18 million or 4.1 percent of total exports.

In terms of import source, the People’s Republic of China was the country’s largest supplier of imported goods valued at $3.19 billion or 30.1 percent of the country’s total imports in August 2025.

Other import sources included Republic of Korea with an import value worth $848.93 million or 8 percent of total imports; Indonesia, $838.78 million or 7.9 percent of total; Japan, $731.06 million or 6.9 percent of total; and USA, $698.41 million or 6.6 percent of the total.