NBA: Steph Curry’s 42 points shoot Warriors past Nuggets in OT

Steph Curry scored 42 points, including a game-tying 3-pointer late in regulation to help the Golden State Warriors overcome Aaron Gordon’s career-high 50 points and beat the Denver Nuggets 137-131 on Thursday night.

The Warriors went on a 12-2 run in overtime that started with a corner 3-pointer from Al Horford and featured a back-breaking one from Jimmy Butler that made it 133-127 with 41 seconds to play as Golden State got off to a 2-0 start this season. Gordon broke Alex English’s franchise record for a season opener of 47 points set in 1985 against Golden State. Gordon’s 10 3-pointers tied Terry Rozier’s record set in 2020 for the most made in a season opener.

It was a dramatic end to regulation with Gordon hitting a tiebreaking 3-pointer with 25.7 seconds to play only to watch Curry tie it 4.3 seconds later with a long 3 of his own. Nikola Jokic then missed a shot in the lane just before the buzzer, sending the game to overtime, where the Warriors took control.

Jokic finished with 21 points, 13 rebounds and 10 assists to join Oscar Robertson as the only players with four triple-doubles in season openers.

The Nuggets were the last team in the NBA to take the court in the regular season and promptly became the first team in six years to fall behind by 10-0 or worse in the opener. They quickly responded with 12 straight points of their own and didn’t trail again in the half.

Gordon made all seven his attempts from 3 in the first half – the most 3-pointers ever in the first half of a season opener to help Denver take a 70-61 lead at the break. Gordon matched Golden State’s output from long range in the half on 16 fewer attempts.

Up next

Nuggets: Host Phoenix on Saturday night.

Warriors: Visit Portland on Friday night.

Companion with dubitable intentions messes outing

You’re sharing a table with two buddies (let’s call them Allen and Musa) and with their girlfriends. It means you’re the odd man out, but you don’t care ahem! Allen’s girlfriend (he calls her wife) drinks Heineken as Musa’s partner (he calls her Missus) enjoys Sere Laiti.

We (the men) are each handling his own bill. In any case, who’d like sharing bills with a tablemate imbibing Gordon’s and his “wife” guzzling Heinekens? Musa’s missus is on Sere Laiti.

Let’s face it, imported brands have something classy about them. While at the end of the day beer is beer, and gin is gin, when your brand of choice costs 4.

5k per bottle while the person next to you is partaking of local varieties costing a mere 1.5k, you won’t fail to note the way he’ll look at you with suspicion and envy.

Envy that gives you the idea the 1.5k beer guy is concluding that your income sources should be investigated by PCCB! In due course, everybody feels like they could do with something to eat.

Musa’s missus ha! says she’ll have mishikaki and a couple of roast bananas. Allen’s wife ha! says she’ll have a half chicken with chips.

Nodding, Allen says he’ll take a half chicken as well, plus three roast bananas, and, turning to Musa, he asks, “How about you, bro?” “I am ordering ugali with vegetables they make very good vegetables here which they embellish with a few pieces of cow meat it’s very good.” “Come on, Musa! Forget about cow meat Let’s have chicken, two whole chickens will be enough for us all, and everybody can have their own choice of carbohydrate and the bill is mine.

” He speaks the last five words with aplomb. Money to him is not a problem, that’s what he’s trying to show without saying it in so many words.

You’ve never been averse to free things, so you nod in agreement even as you detect discomfort in Musa’s body language. ‘That’s his own problem,’ you say to yourself as you swallow your Castro Laiti and wait for the delicacy.

After we’re done with the great meal, we all resume drinking to wash down the eatables. Out of the blue, Allen turns to Musa’s missus and says, “Shemeji, why don’t you switch to a better drink Sere Laiti can be boring Have a Heineken or even a Savanna if you like.

” Before she can respond, Musa intervenes and says, “Allen, you’re crossing the line now! How do you decide what my missus is going to drink? You’re being arrogant, and I can’t stand that!” “Bro, if you’re concerned about the bill, worry not I’m going to fix that,” says Allen, after which Musa’s missus says, “Indeed, I’d like to switch to Savanna.” Her response must have agitated Musa, who gives her a sharp slap, then, he turns around and throws a vicious punch aimed at Allen.

He, however, misses, thank God! Musa stands up, grabs his missus’s hand, and together, they walk away as he mumbles something about people who use their money to lure their friends’ wives! without shame. .

Tanzania’s High Court dismisses Habeas Corpus case for ex-envoy Humphrey Polepole

Dar es Salaam. The High Court (Dar es Salaam Registry) has dismissed a habeas corpus application filed on behalf of former diplomat Humphrey Polepole, ruling that there was no evidence proving that the respondents were responsible for his alleged abduction or detention.

The decision, written by Principal Judge Salma Maghimbi and read today, October 24, 2025, by Deputy Registrar Livin Lyakinana, stated that the applicant failed to substantiate his claims. However, advocate Peter Kibatala, who represented Mr Polepole — a former Tanzanian ambassador to Cuba — said they will appeal the decision, insisting that the case raises substantial legal questions that the Court of Appeal ought to review.

The case, Application No. 24514/2025, was filed on October 7, 2025, by Mr Kibatala under a certificate of urgency.

The respondents listed in the case were: the Inspector General of Police (IGP), the Director of Public Prosecutions (DPP), the Attorney General (AG), the Zonal Crime Officer for the Dar es Salaam Special Zone (ZCO), and the Zonal Police Commander (ZPC). In his affidavit supporting the application, Mr Kibatala stated that Mr Polepole was reportedly abducted on October 6, 2025, from his home in Ununio, Kinondoni District, Dar es Salaam, by individuals believed to be police officers.

He argued that Mr Polepole had not been charged with any criminal offence before any court of law and was believed to be held in an undisclosed location by the respondents. “His constitutional rights have been violated without just cause.

The applicant’s wellbeing requires urgent attention and judicial intervention to ascertain his safety and legal status,” Mr Kibatala stated in the affidavit. He urged the court to order that Mr Polepole be released on bail or brought before a competent court of law and charged accordingly.

Mr Kibatala further informed the court that the applicant is a Tanzanian citizen who has served the country in various capacities, including as District Commissioner for Ubungo, Dar es Salaam, and Ambassador to Malawi and Cuba. He added that earlier this year, Mr Polepole voluntarily resigned from his diplomatic post, citing dissatisfaction with how national affairs were being managed within the government and across the country.

According to Kibatala, in his public statements, Mr Polepole had repeatedly expressed concerns for his personal safety due to threats he allegedly received from unknown individuals, linked to his outspoken political and governance views. “These claims were publicly confirmed by his brothers, Godfrey and Agustino Polepole, as reported by local media outlets,” the lawyer said.

He noted that the fifth respondent, ZPC Jumanne Muliro, was quoted in the press dismissing the allegations of abduction. Mr Kibatala emphasised that, as of the time he swore the affidavit, Mr Polepole’s whereabouts remained unknown, and none of the respondents had provided any feedback on his condition, safety, or legal status — a situation that continues to heighten public concern.

“I have reason to believe that the respondents, particularly the fifth respondent (ZPC), are aware of and have authority over the applicant’s detention,” Kibatala said. Court’s decision The matter was heard through written submissions.

In its ruling delivered today, the court held that the applicant failed to discharge the burden of proving that the respondents were the ones who took Mr Polepole. “What was presented before this court were mere suspicions that the respondents might have taken him or know his whereabouts,” the ruling read in part.

“For those reasons, this court declines to grant the orders sought. Consequently, the application is hereby dismissed,” announced Deputy Registrar Lyakinana.

Reacting to the ruling, Mr Kibatala confirmed that an appeal has already been lodged. “We have filed a notice of intention to appeal and requested the High Court to prepare the necessary case records for the appellate process.

The documents are already in the court system,” he said. .

Corruption and compassion: Same difference

When people talk about corruption, it often sounds like an old song, played too often, yet no one truly listens. It fills our daily lives like background noise. We hear it on the news, see it on social media, and talk about it in jeepneys and sari-sari stores, where everyone has something to say but nothing truly changes. We shake our heads, we post online, and then life goes on.

For most Filipinos, corruption feels like a distant word, something that happens only in the halls of power. But for the indigenous people (IPs) and Muslim communities in the South, corruption is not a word. It is a wound. It is the reason why bridges stop halfway, why classrooms are empty, why health centers have no medicines, and why dreams fade before they even begin.

I grew up seeing this difference-and how, in truth, the difference is the same. The powerful grow richer. The poor grow weary. And those who still believe in justice are left wondering if honesty still has a place in this country.

That is what corruption does. It makes people think fast, but hearts that feel nothing. You always see it in how clever talk is praised, even when conscience is missing. In offices and barangay halls, the lesson is the same: power seems to matter more than people, and paper somehow matters more than lives.

In many far-flung areas in Mindanao, it does not come as a luggage full of cash. It shows up in other ways-empty classrooms, missing textbooks, cracked water pipes, roads that stop in the middle of nowhere, and scholarships that never arrive. It is there in every promise that dies before it reaches the mountains, in every relief good that never reaches evacuees, in every ancestral claim still waiting on a desk somewhere.

For people who already have so little, corruption steals even their hope. When budgets disappear, so do dreams. When leaders steal, they do not just take money; they take away children’s trust that leaders can be good. And that loss, I think, hurts more than any missing peso ever could.

In marginalized communities, where people have learned to live with silence, the story is different yet the same. Families survive on faith and dignity even when the world forgets them. They continue to farm, weave cloth, and fish in waters that are no longer theirs. And yet they remain generous. They share what little they have, they smile through struggle, and they still pray for peace.

I have met elders who still remember the days when learning to read was seen as a threat. And yet, through stories passed from one generation to another, they preserved them, including their language, including their courage. In their eyes, you can see what true education looks like. And they are not in diplomas, not medals, but the quiet strength to endure.

Meanwhile, those who sit in high offices speak loudly about progress, while the people at the margins are still waiting for justice. Every year, we hear the same speeches, the same promises of change. Every election, we see the same faces, the same smiles. Only the slogans change.

We have reached a point where corruption no longer shocks us. It has become part of our routine, like brownouts, earthquakes, or floods. We laugh about it, make memes about it, and then move on. However, the people in the uplands, coastal villages, and conflict zones cannot simply move on. Corruption steals the very ground beneath their feet.

And yet, despite everything, they remain the most generous. In communities where money is scarce, people still share rice, still offer coffee, still open their doors to strangers. They have little, but they give much. They have suffered, but they still believe in the kindness of others.

Sometimes, I wonder how they keep their hearts so full when others, who already have so much, remain empty. Perhaps it is because wisdom resides in simplicity, and compassion flourishes where truth is not compromised for a position.

As we celebrate Indigenous Peoples’ Month, maybe it is time to ask: how can we remedy this? How can we heal a nation whose mind runs fast but whose heart beats slow?

Maybe the answer is not in new laws nor loud speeches. Maybe it starts in listening again to the silent stories of the IPs and Muslims who have long carried the nation’s forgotten soul. They are the ones who, despite injustice, continue to live with honesty, humility, and hope.

If we truly want change, we must remember that integrity cannot be taught by seminars. It grows when we choose conscience over convenience, heart over ego, and people over power.

Because in the end, corruption and compassion are born from the same difference-the choices we make when no one is watching. And maybe that is where hope begins: when we realize that even in a country where corruption has become normal, honesty can still be an act of quiet rebellion.

Azam FC poised to make CAF Confederation Cup history

Dar es Salaam. Tanzania’s football giants Azam FC are on the verge of making history as they aim to qualify for the CAF Confederation Cup group stage for the first time in the club’s history.

The ‘ice cream makers’, will host Zanzibar’s KMKM this evening at the Azam Complex in a decisive second-leg clash, kicking off at 5pm. Azam FC head into the encounter in a commanding position after securing a 20 away victory in the first leg played at the New Amaan Complex in Zanzibar on October 18, 2025. Goals from Jephte Kitambala and Pascal Msindo gave Florent Ibenge’s side a crucial advantage heading into the return fixture.

With that result, Azam need only a draw or any kind of win to progress to the group stage. KMKM, on the other hand, face an uphill task as they must win by at least three clear goals to advance.

Azam, who have enjoyed a strong start to their continental campaign under Congolese tactician Florent Ibenge, are determined to continue their impressive form and make club history. Speaking ahead of the match, Azam assistant coach Kassim Liogope said the team is in top condition and fully focused on completing the job.

“All the players are in excellent shape and ready to give their best. We are taking the game very seriously because in football, anything can happen,” said Liogope.

“KMKM are a strong and disciplined team, so we must stay alert throughout the 90 minutes and make sure we control the game. Our goal is clear, to finish the job and qualify.

” Meanwhile, KMKM head coach Hababuu Ali remains confident his players can turn things around despite the two-goal deficit. “We lost 20 in the first leg due to some mistakes which we have already corrected.

My players are focused and determined to deliver a strong performance. We know it will be difficult, but nothing is impossible in football,” said Ali.

A win or draw tonight would see Azam FC reach the CAF Confederation Cup group stage for the first time in their history, marking a major milestone in the club’s continental journey and a proud moment for Tanzanian football. .

Study explores how smartphones can strengthen parenting in Tanzania’s digital age

Dar es Salaam. As more Tanzanian families turn to smartphones for information and entertainment, researchers say digital tools could also hold the key to better parenting and healthier child development.

The National Institute for Medical Research (NIMR) has launched a pioneering study to explore how technology can help parents build stronger emotional bonds with their children and improve early learning at home. The study, conducted in collaboration with the Regional Psychosocial Support Initiative (REPSSI) and Stellenbosch University, comes amid growing concern that excessive or unproductive screen time is weakening family interactions and eroding positive parenting practices.

Speaking during a stakeholder meeting in Kinondoni District, NIMR Mwanza Centre’s Digital Parenting and Child Development Project Coordinator, Mr Christopher Mshana, said the research responds to the social and behavioural changes brought about by widespread digital engagement. “We realised that many parents rely on digital platforms for information, yet effective parenting practices are declining,” said Mr Mshana.

“Through this project, NIMR is using technology to reintroduce positive parenting skills and improve how parents interact with their children.” At the heart of the study is a specially designed smartphone application offering interactive lessons, games, and home-based activities to promote family bonding and reduce parenting-related stress.

The project, which targets children aged four to six and their parents or caregivers, is currently being implemented across 12 wards in Kinondoni District. “Our goal is to promote meaningful parentchild engagement, enhance mental health, and encourage shared activities like play and reading at home,” said Mr Mshana.

“This helps build supportive environments for both parents and children.” According to the Project Manager from REPSSI, Ms Rahaba Mvuoni, the research has already exceeded expectations, reaching 408 caregivers, slightly above the initial target of 400 participants.

“The project offers nine digital lessons focused on strengthening parentchild relationships, building effective parenting skills, and improving parents’ mental health,” said Ms Mvuoni. “Even with busy schedules, parents can dedicate just 10 to 15 minutes daily to read, play, or learn with their children.

” The app also includes 50 educational books, interactive games, and simple home-based activities designed to make learning and bonding both fun and accessible. Community feedback has been overwhelmingly positive.

A community worker from Msasani Ward, Ms Eva Nyella said the project has changed her parenting approach. “I didn’t have a clear routine for engaging with my child before,” she said.

“Now, I’ve learned different play and learning methods that have strengthened our bond. I spend more time learning about parenting instead of scrolling through social media.

” Similarly, a community health worker from Bunju Ward, Mr Deus Bwire said the initiative is helping to reshape parenting habits across communities. “Many Tanzanians use social media daily, so this smartphone-based approach is practical and accessible,” he said.

“It encourages parents to use their devices for positive purposes–building stronger families and reducing moral decline.” .

Gov’t employees group doubts GSIS losses claim

The association of government employees on Friday expressed doubts on reported losses of the Government Service Insurance System (GSIS) under its General Manager Jose Arnulfo ‘Wick’ Veloso.

The Philippine Government Employees Association (PGEA) believes that the GSIS remains afloat as current and former high-ranking officials of the state-owned insurance company have called for Veloso’s ‘immediate and irrevocable’ resignation due to what they said ‘poor investment decisions’ that resulted in losses amounting to P8.8 billion.

‘The reports of ‘losses’ are not being seen by us in the actual situation,’ PGEA president Esperanza Ocampo said in a statement in Filipino. ‘The GSIS has proper funds and is still earning.’

Past and present members of the GSIS’s board of trustees alleged that the fund’s top executive had pursued risky investments ‘marked by a disturbing lack of transparency.’

The letter was signed by Ma. Merceditas Gutierrez, chair of the legal oversight committee; Emmanuel de Leon Samson, chair of the risk oversight committee; Rita Riddle, chair of the audit committee; board member Evelina Escudero; and former board members Jocelyn de Guzman Cabreza and Alan Luga.

But Ocampo believes Veloso’s moves are being done to bolster the funds of members and government pensioners.

‘We believe that Wick Veloso is doing his duty in an honest and responsible manner,’ Ocampo said.

She also noted that the GSIS, under Veloso, is conducting a regular dialogue with its members.

‘He listens to the grievances, responds to complaints and is making sure to remain open to all matters concerning its members,’ she said.

Veloso addressed the calls for his resignation, saying: ‘I categorically state that the allegations against me are baseless. I am addressing them squarely and transparently in the proper legal forum, where they rightfully belong,’ he said. ‘I appeal to everyone to spare GSIS from politics.’ The GSIS chief also pointed to GSIS’s total assets climbing to P1.92 trillion and a total income of P231.06 billion, with net income reaching P100.02 billion.

To date, the GSIS has over 2.6 million active members and pensioners nationwide.

Revealed: Eastern Africa’s most dangerous migration route

Nairobi. The Horn of Africa is facing a renewed surge in human trafficking and irregular migration, with Ethiopia, Somalia, and Eritrea singled out as major hotspots for smugglers exploiting desperate jobseekers.

Fresh data from the International Organisation for Migration (IOM) reveals that illegal labour migration along the Eastern Route — stretching through Ethiopia, Djibouti, Somalia, and Yemen — has sharply increased in the first eight months of 2025, cementing its place as one of the world’s busiest and most perilous migration corridors. Nihan Erdogan, IOM’s Deputy Regional Director for East, Horn, and Southern Africa, said most irregular migrants originate from Ethiopia and Somalia, often lured by the promise of jobs in the Middle East and the Gulf.

“We continue to see citizens from the eastern Horn risking everything for employment opportunities abroad,” she noted at the 3rd Igad Conference on Labour, Employment, and Labour Migration in Nairobi. The IOM attributes the rise to new smuggling routes through Yemen’s Ta’izz City and increased cross-border departures from Ethiopia.

Figures show migration numbers rose from 178,300 in 2024 to 238,000 by mid-2025. During the same period, 55,700 Ethiopian migrants were forcibly repatriated from Saudi Arabia — slightly fewer than last year — though the number of returning boys and girls grew by 31 and 18 percent respectively. Between April and June, 78 migrants died or went missing along the route, mostly in Djibouti and Yemen.

By June 2025, at least 348 deaths or disappearances had been recorded, surpassing last year’s toll. Ethiopia, long criticised for porous borders, pledged to tighten controls and promote safer, regulated labour mobility.

Member states of the Intergovernmental Authority on Development (Igad) — including Kenya, Uganda, Somalia, South Sudan, Sudan, Djibouti, Eritrea, and Ethiopia — vowed to harmonise labour migration policies and strengthen protection for migrant workers. Igad Executive Secretary Dr Workneh Gebeyehu described the region’s migration crisis as “a ticking time bomb,” urging governments to create jobs at home and improve working conditions abroad.

“Too many of our youth, driven by despair, are dying along routes like the Red Sea. We must ensure they thrive where they belong,” he said.

Kenya’s Labour Cabinet Secretary, Dr Alfred Mutua, echoed the call for reforms linking employment and human rights. “Migration should be dignified, safe, and beneficial,” he said.

“We must fight human trafficking and stop the exploitation of our people simply because they are desperate.” Dr Workneh also renewed calls for a single-visa regime across the Igad bloc to ease lawful labour mobility without undermining national security or sovereignty.

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Key Police witness concludes evidence in Chadema’s Tundu Lissu treason trial

Dar es Salaam. The third prosecution witness in the treason case against Chadema national chairman Tundu Lissu concluded his testimony at the Dar es Salaam High Court (Magistrate’s Division) on October 23, 2025, stressing that he could not record every detail in the written statement he gave to police because doing so would amount to producing a book or a research report.

The witness, Police Inspector Samuel Eribariki Kaaya (39), a photographic specialist attached to the Photographic Unit of the Commission for Forensic Science Investigations at Police Headquarters, Dar es Salaam, made the remarks as he finished answering a series of questions intended to reconcile his in-court evidence with the written statement he had provided to police, and in response to cross-examination by the accused, Tundu Lissu. Inspector Kaaya gave evidence for six consecutive days from Wednesday October 15 until he finished on October 23. He testified before a three-judge bench hearing the case: Dunstan Ndunguru, James Karayemaha and Ferdinand Kiwonde.

Lissu faces a charge of treason contrary to section 39(2)(d) of the Penal Code, arising from remarks he is alleged to have made about preventing the holding of the 2025 General Election. When led by Senior State Attorney Tawab Issa (SSA) to explain one matter of reconciliation between answers he gave in court and his written police statement, Kaaya said the written notes he prepared for police were only a summary of his work and that he could not possibly write down every detail in those statements because they would then be research reports rather than statements of evidence.

Kaaya explained this position after Lissu put 75 questions to him about aspects of his oral testimony given in court that do not appear in the written statement he supplied to police. In response to some of Lissu’s questions, Kaaya admitted familiarity with certain matters and denied knowledge of others, as follows: Lissu: “Witness, are you aware you were asked 165 questions in court by the Republic’s lawyers?” Witness: “I am not certain.

” Lissu: “Are you aware that of those 165 questions asked by your lawyers, 112 are not contained in the statement you wrote to police?” Witness: “I am not certain.” Lissu: “Witness, 68 per cent of the questions asked by the State counsel are not in the statement you wrote to police — true or not?” Witness: “True.

” Lissu: “Why are the answers you have given in court not included in the statement you made to police?” Witness: “The statement I wrote to police is a summary of the work I carried out; you cannot write everything because you would be writing research.” Lissu: “Have you given a reason in court for why you did not include your in-court evidence in the police statement?” Witness: “I have not given a reason.

” Lissu: “Who wrote those statements to the police?” Witness: “I wrote them myself.” Lissu: “In the statement you wrote, who warned you?” Witness: “The warning statements do not contain a warning-officer.

” Lissu: “Who warned you?” Witness: “I wrote it myself.” Lissu: “When police prepare written statements there is a verification process — true or not?” Witness: “I wrote it myself.

” Lissu: “Who trained you police officers to write warning statements?” Witness: “Our fellow police officers.” Lissu: “Are you familiar with the Police General Orders (PGO)?” Witness: “Yes.

” Lissu: “When did you last read the Police General Orders?” Witness: “This morning.” Lissu: “I stand accused of treason here; I am alleged to have broadcast seditious material during my meeting and uploaded it online.

Tell the judges: is it possible that the person speaking and the person holding the camera recording live are the same person?” Witness: “I do not know.” Lissu: “In a professional forensic inquiry can you determine who uploaded the video online, given that I am accused of having uploaded it?” Witness: “When conducting a metadata investigation you examine the link that uploaded the video; therefore, I did not identify a person.

” Lissu: “You have answered very well, witness — may God bless you.” Lissu: “Tell the judges who was operating that camera on April 3, 2025 for the recording.

” Witness: “I do not know and I am not familiar with that.” Lissu: “From your knowledge, is it possible for someone without a Jambo TV username, without a YouTube account or password, and who is not a Jambo TV employee, to upload the video to Jambo TV?” Witness: “It depends.

Technology has advanced; there are things called hacks which enable someone to access an account without a password.” Lissu: “Witness, I am persuaded by everything you have said, but I maintain the allegation that I uploaded the seditious material and put it on that account; I would like clarity on that.

” Witness: “There is no way someone can access an account unless they have the password, or unless there is software that can break into the account without a password — people can hack accounts.” .

BIZ BUZZ: With ‘The Boy’ gone, Smart Money 2.0 goes pfft

With the departure of telecom veteran Anastacio ‘Boy’ Martirez as chief operating officer of Smart Communications effective Oct. 21, there’s one platform that may no longer see the light of day.

We’re talking about the much-anticipated revival of e-wallet Smart Money, Martirez’s comeback pet project.

Since making Smart Money available for downloading via App Store and Google Play in December 2024 (a big launch had been originally planned then), the e-wallet has yet to go live to date. Everyone who downloaded the app are still on the ‘waitlist.’

With Martirez now out of the picture after only a year back in the saddle, Smart Money 2.0 has been orphaned.

This means that in the PLDT universe led by tycoon Manuel Pangilinan-who has said there could only be one of such fintech backed by the group-Maya wins by default.

Pangilinan previously said that while Smart Money and Maya could coexist, only one of them would remain standing.

Maya’s parent firm Maya Innovations remains PLDT’s fintech arm, albeit the telco giant’s stake in the latter has been diluted to a minority position.

And as earlier pointed out here, Maya’s business has evolved beyond the e-wallet model. It has become a bigger player in merchant acquisition than consumer-to-consumer payments. With a digital bank license, it has deposit-taking ability (ergo, access to low-cost funding). It has also become a credit card issuer, thus gaining access to a high-margin lending business.

Earlier, Pangilinan himself hailed Maya’s turnaround, estimating that profit may hit P1 billion this year.

If and when private equity KKR decides to exit Maya (wire reports suggest it’s considering to do so), Pangilinan’s group has a chance to vie for an additional stake in the fintech unicorn. -Doris Dumlao-Abadilla

CBTL dives into Maldives

Who doesn’t want a cup of coffee by the beach? And not just any other tourist destination: Maldives.

Six years after adding The Coffee Bean and Tea Leaf (CBTL) to its portfolio, homegrown Jollibee Group, led by tycoon Tony Tan Caktiong, has been able to expand the network of this international coffee chain to other parts of the world.

This time, a new CBTL has emerged along the beachfront of Hulhumale’s Central Park, seating up to 35 guests and offering signature ice blended drinks, specialty coffees, premium teas and meals.

‘The Maldives is a world-renowned destination, and we are excited to bring the [CBTL] experience to its shores,’ said Pepot Miñana, CEO of CBTL.

‘This opening is part of our vision in CBTL to become one of the top specialty coffee and tea chains in the world.’

CBTL boasts of its ‘meticulously selected’ beans from the top 1 percent sources of Arabica beans in the world, while it has also partnered with family-owned estates across Sri Lanka, China, Thailand and Japan for its tea offerings.

Heading to Maldives soon? There will be something familiar there, to say the least! -MEG J. ADONIS

Leviste builds war chest

Young business magnate Leandro Legarda Leviste is putting all his shares in SP New Energy Corp. (SPNEC) under his name . maybe a setup for smoother unloading?

SPNEC disclosed on Thursday that the businessman-turned-politician consolidated his shares via a P6.32-billion share transfer from his company, Solar Philippines Power Project Holdings, Inc.

Through a special block sale, Solar Philippines-a substantial stockholder of SPNEC, transferred its 10.83-billion common shares to the 32-year-old newbie lawmaker.

This move, however, has no material impact as it ‘did not change Mr. Leviste’s beneficial ownership in the company,’ according to SPNEC.

Just in June, Solar Philippines disclosed Leviste’s move to cut his stake in SPNEC and affiliates as he secured the post as Batangas 1st district representative. At that time, the firm said Leviste had sealed a fresh deal with Meralco PowerGen Corp. (MGEN) for the sale of 5.01 billion SPNEC shares for P6.26 billion.

The company said Leviste uses the money from the share sales for real estate investments and other businesses, with the profits funding his ‘philanthropic initiatives.’

MGEN, the power generation arm of Pangilinan-led Manila Electric Co., owns 53.7 percent in SPNEC through MGreen. Leviste, for his part, remains a significant minority shareholder.

SPNEC is set to position itself in the global market with its P200-billion solar facility in Luzon, designed to have 3,500 MW of total capacity and a massive 4,500 megawatt-hour battery energy storage system. -Lisbet K. Esmael INQ