Twenty years after the FCTC we are still fighting for the health of our youth

Twenty years ago, I found myself in a negotiation room half a world away, representing the Philippines in talks that would change the course of public health. It was the early 2000s, long before the word ‘vape’ entered our vocabulary. It felt almost strange to be there. I wasn’t a doctor or scientist, but a lawyer serving as an Undersecretary of Health, navigating an unfamiliar but deeply consequential space where law and health converged.

We were negotiating the World Health Organization Framework Convention on Tobacco Control (WHO FCTC), or what would become the world’s first public health treaty devoted to protecting people from tobacco. It was not a typical diplomatic exercise. It was a fight to save lives, especially those of the young.

My generation grew up seeing tobacco everywhere, on television, in movies, on billboards, and on buses. The cowboy in cigarette ads, strong, rugged, free, became the image of aspiration for young men. Cycling fans remember athletes in red jerseys racing through towns around the country, cheered on by locals with banners carrying a cigarette brand. It was clever marketing with a very simple message: if you wanted to be adventurous, to be cool, to belong, you had to smoke.

Back then we didn’t yet know that behind every ‘cool’ image was disease, addiction, and death. By the time the FCTC came along, the toll was clear. Tobacco was not just a health issue; it was a governance issue, a development issue.

The FCTC called for measures that, at the time, felt revolutionary: ban on tobacco advertising, raise taxes on tobacco products, make public places smoke-free, warn consumers with graphic health warnings. These were not mere policies, but shields for future generations.

I still remember the sense of pride when the Philippines ratified the FCTC in 2005. We became part of a global movement that declared: health must come first.

We have come far since then. Cities like Baguio, Balanga, Iloilo, and Davao have pioneered smoke-free ordinances. The Sin Tax reforms helped fund universal health care. Cigarette packs now carry graphic warnings that tell the truth about the harms they cause.

But victories in public health are never permanent.

In recent years, new forms of nicotine addiction have emerged, vapes, e-cigarettes, pouches, and other novel tobacco products, are aggressively promoted as ‘safer’ or ‘cleaner.’ Once again, the target market is the young.

These products come in flavors that entice the youth, sold with barely any restrictions online and in stores near schools. The same playbook is being used, only this time, the cowboy has been replaced by influencers.

The passage of Republic Act No. 11900, which transferred the regulation of vapes from the Food and Drug Administration (FDA) to the Department of Trade and Industry (DTI) and lowered the minimum age of access from 21 to 18 years old, felt like déjà vu. Once again, health was being traded for commerce.

Our youth deserve better. Lawmakers must act decisively to halt the alarming rise in smoking and vaping among the young. They must restore the regulation of vapes and all nicotine products to the FDA, where it rightfully belongs, because public health cannot be dictated by trade priorities. The age of access should be raised back to 21, or even higher, given the scientific evidence that nicotine interferes with brain development well into early adulthood. Flavors that appeal to children and youth must be banned.

This November, the Eleventh Conference of Parties (COP11) to the WHO FCTC will convene to assess global progress and reaffirm commitments. It is critical that the Department of Health lead the COP11 Philippine delegation, not the trade or agriculture sector, not the diplomats, because the FCTC is a health treaty.

These are not radical demands, but logical next steps for a nation that once stood proud as an early champion of tobacco control.

The FCTC was not just a treaty. It was, and remains, a promise. A promise that we, as a nation, will protect our people from harm. A promise that the next generation will be freer than the last.

Health policies are not monuments but rather living commitments that must be renewed by every generation, lest they crumble under the weight of profit and neglect. Every time I see a young person puffing on a vape, I am reminded that the work we began more than 20 years ago is far from over. Our promise to protect them lives on and so must our resolve.

Two decades ago, I helped negotiate that promise. Today, alongside countless advocates, we must continue to honor the commitment we made to defend the health of the Filipino people, so that each of us may live fully, breathe freely, and grow old in good health. And when the next 20 years have passed, I hope we can proudly say we stood our ground and kept our word.

Culture is the Glue Putting values into action

WITH the government taking anti-corruption more seriously now, I think that we have to be aware that in corruption it needs three to tango: the government official who takes and the private sector person who is ready to give, and the lawyer who is willing to protect both against a significant fee. While we always complain about the ‘corrupt government agencies and their practices’, it is time now to get the house of the private sector in order also and address the legal system.

When we, in business, talk about competitive advantages, building and maintaining an ethical culture must be part of the agenda. The private sector has to build an ethical culture in practice.

What is the difference between ethics and building a culture of trust?

Ethics are a set of principles. An ethical culture is a culture committed to pursuing those principles-and sometimes the pursuit of those principles leads employees to take actions somebody else might dislike. Perhaps the employee reports suspicions of misconduct.

Either way, the employee in the government, in the private sector or in the legal system needs to trust that his organization will support that decision to step forward. The apparatus of a corporate compliance program-the training, the internal reporting systems, the Code of Conduct, the due diligence procedures; all of it-should work toward the goal of a strong sense of trust within the organization.

When you view ‘building an ethical culture’ from that perspective, suddenly several tasks rise to the top of the priority list.

For example, as much as we all love a strong internal reporting system, most employees report their concerns to leaders. Most employees also take their cues about how to behave from leaders. Consequently, training leaders about how to weave ethical standards into the organization’s daily routines is critical.

Formal training will always be important; employees will always need to know what the law says about bribery, or privacy, or collusion, or whatever else comes along. Culture, however, is much more than training, full of informal practices, norms, and expectations. Therefore, ethics and compliance programs must work with middle managers on what those practices, norms, and expectations are, and how to base them on the organization’s ethical principles. That’s where we win or lose this battle in corruption.

Senior leaders have a crucial role in building an ethical culture too since they send the signals about the organizational culture that people in operations translate into daily routines. Let me remind you that I am talking about organizations in the government, in the private sector and in the legal environment!

Let’s look at three ways you can build an ethical culture:

1 Develop clear ethical values-honesty, respect, fairness; whatever fits your organization. Talk with senior leaders and the board about what those values should be. Put them in the Code of Conduct, in a place of prominence so that every employee is aware of it.

2 Develop clear training materials based on those values. Create real-life scenarios that employees might encounter, where the resolution shows how ethical conduct is the higher priority than commercial success.

3 Refine your internal reporting system to assure the confidentiality of whistleblowers. Someone who does report an allegation to a hotline (or some other system that circumvents his or her manager) has a fear about doing the ethical thing. He or she needs to trust that the organization will protect their identity-that is, they need to trust the system. They need to see that the internal reporting system is trustworthy.

Those are only a few examples of what building an ethical culture entails. It’s long, painstaking work, that relies on communication and collaboration but that’s how you get to an ethical culture.

In conclusion, Culture is the Glue in creating change, putting values into action, and moving away from corruption. The culture glues government, the private sector and the legal system into the fair future we all want.

Bets on lower key rates push demand for bonds

THE Bureau of the Treasury (BTr) raised a total of P35 billion from long-term debt papers on the back of strong demand from investors locking in yields before borrowing costs further ease.

On Tuesday, the Treasury fully awarded bids for the dual-tranche T-bonds as combined demand for the two tenors amounted to P138.118 billion, nearly four times oversubscribed the P35-billion offering.

Broken down, the Treasury awarded the full P20 billion on offer for the reissued 5-year T-bonds with a remaining term of four years and seven months.

Tenders for the security reached P71.687 billion, while its coupon rate stood at 6.375 percent.

The average annual rate for the security declined to 5.649 percent, down by 12.3 basis points (bps) from the 5.772 percent recorded two months ago. Yields were as low as 5.635 percent to as high as 5.658 percent.

Meanwhile, the reissued 10-year government IOUs were fully awarded at P15 billion, after the Treasury received offers of P66.431 billion or about 4 times oversubscribed the programmed offering.

The average rate of the 10-year T-bonds also dropped to 5.894 percent, 14.9 bps lower than the previous auction’s 6.034 percent. Rates were as low as 5.889 percent to as high as 5.898 percent.

According to Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp. (RCBC), yields of the 5-year and 10-year T-bonds declined as both offerings were oversubscribed amid expectations of lower interest rates.

Ricafort said investors are anticipating that the Bangko Sentral ng Pilipinas (BSP) will deliver a 25 bps rate cut during its last rate-setting meeting of the year on December 11.

Dovish signals from BSP Governor Eli M. Remolona Jr., Finance Secretary Ralph G. Recto, and Monetary Board Member Benjamin Diokno encouraged investors to lock in yields before they fall further, added the RCBC executive.

The national government’s outstanding debt stood at P17.455 trillion as of the end of September, down by 0.07 percent from P17.468 trillion as of end-August.

Despite this, the latest figures were still higher year-on-year by 9.83 percent from P15.893 trillion.

The Treasury will borrow a total of P2.6 trillion in 2025 to plug its estimated budget deficit of P1.561 trillion.

This November, the Treasury will raise a total of P158 billion from local lenders, of which P88 billion will come from T-bills and P70 billion from Treasury bonds.

Typhoon Tino leaves 7 dead in Cebu, Bohol

Six persons in Cebu City and one person in Bohol province were confirmed dead after the onslaught of typhoon Tino in the Visayas on Tuesday, Nov. 4, 2025.

According to Dave Tumulak, head of the Cebu City Disaster Risk Reduction and Management Office (DRRMO), in an initial list of fatalities, the youngest of these fatalities was a 4-month-old baby who was swept by floodwaters.

Tumulak, in an interview over local station dyHP, said the mother slipped and fell to the ground causing her to let go of her baby.

Doctors tried to revive but to no avail.

One person died after a tree fell in Barangay Cogon Pardo and another body was retrieved in Del Rio, Bacayan in Cebu City due to flooding.

One out of four reported casualties from a landslide in Sapangdaku was recovered while retrieval of the four others were ongoing.

In Bohol province, a barangay tanod died after a tree that he was trimming fell on him in Panglao town.

Images of people now staying on their roofs in Mandaue City, Cebu City, and Liloan spread over social media on Tuesday morning.

Typhoon Tino brought heavy rains that caused widespread flooding and landslide in the entire Cebu province.

Cebu Gov. Pamela Baricuatro, in a radio interview, said they are doing the best they can to rescue especially those who are in need.

Why investors are looking at Meadow at LIMA Estate for premium real estate opportunities in Batangas

Meadow at LIMA Estate offers investors a premium opportunity to secure prime residential lots next to Batangas’ first and only master-planned Central Business District (CBD). Situated in the Philippines’ largest privately-owned, industry-anchored township, Meadow at LIMA Estate is strategically positioned to benefit from sustained economic activity, estate-wide infrastructure growth, and increasing land values in Southern Luzon’s fastest-rising growth corridor. Backed by Aboitiz Land’s proven track record, Meadow at LIMA Estate offers not only a premium address but also a future-proof investment with strong potential for long-term appreciation and portfolio diversification.

Meadow at LIMA Estate is the go-to investment for premium residential lots within the award-winning industrial district of Lipa-Malvar, Batangas.

The continued expansion of LIMA Estate’s industrial and commercial zones fuels consistent demand for residential spaces, creating upward pressure on land values. With thousands of employees working within the estate and surrounding economic hubs, the need for quality housing continues to grow. Added to this are large-scale infrastructure projects across Southern Luzon, such as expressways and transport links, that improve accessibility and further enhance property values. For overseas Filipinos and long-term investors, Meadow represents a secure asset in a thriving location, offering both capital appreciation and stable market demand.

Live | Premium quality of life

Meadow at LIMA Estate is a meticulously planned residential enclave that harmonizes countryside charm with contemporary living. Spanning 11.7 hectares, it offers a curated selection of residential lots designed for refined lifestyles and discerning investors. Sunrise lots capture the first light of day, perfect for those who appreciate bright, sunlit mornings. Corner lots provide prominence and space to showcase architectural sophistication. Greenbelt lots open to verdant landscapes that promote wellness and walkable living. Central Park lots place residents closest to Meadow at LIMA Estate’s exclusive amenities, creating a seamless connection between home and leisure. Regular lots offer strong investment potential with balanced value and growth opportunities. For those envisioning a lasting legacy, the expansive Legacy lots, ranging from 1,340 to 1,490 square meters, offer the versatility to craft an heirloom estate or be thoughtfully subdivided for future generations.

Designed around lush open spaces, greenbelts, and scenic creekside features, Meadow promotes sustainable and nature-integrated living. Residents can enjoy curated amenities such as a clubhouse, swimming pool, multipurpose court, playground, and 24/7 security. With walkable streets, a rain garden, and bicycle-friendly paths, the village encourages a healthy and active lifestyle within a secure and tranquil environment.

Just an hour from Manila and NAIA via SLEX, and soon with direct access to STAR Tollway, Meadow combines accessibility with the space and serenity of suburban living. Thoughtfully master-planned with greenbelts, open spaces, and wide roads, the estate fosters a safe and sustainable environment where families can grow and legacies can take root.

Residents can enjoy retail, dining, and recreation just steps from their homes at The Outlets @LIMA Estate, The Exchange, the Aboitiz Pitch, and The Golf Range @LIMA Estate.

Work | Be at the heart of progress

Situated at the center of Batangas’ fastest-growing economic hub, Meadow at LIMA Estate places residents within reach of more than 240 local and global locators in a vibrant, PEZA-registered Economic Zone. The upcoming seven-tower office park at LIMA’s BizHub, alongside the already-built LIMA Tower One housing SMEs, IT-BPO firms, and satellite offices, reinforces the estate’s dynamic business ecosystem. Together, these developments demonstrate how the estate integrates business, lifestyle, and sustainability.

Meadow is master-planned as a future-ready community, built on sustainability and long-term value creation. Through the use of sustainable materials, abundant green spaces, and thoughtful master planning, the estate is positioned to appreciate over time as demand grows for greener, healthier communities. This makes Meadow not only a smart choice for families seeking a modern, sustainable lifestyle, but also a sound investment for portfolios looking to benefit from the rising value of sustainable developments in Southern Luzon.

Thrive | Investment and recognition

Since its launch in 2022, Meadow at LIMA Estate has proven its appeal not only as a home but as a smart, long-term investment.

The Villages at LIMA Estate (TVLE) has become a benchmark for excellence in residential and community development-proof of the enduring value and vision behind developments within the LIMA Estate. Since its launch, TVLE has garnered multiple prestigious recognitions, including the 2023 PropertyGuru Philippine Property Award for Best Central Business District Development and the CREBA Award for Best Horizontal Residential Open Market Development in Calabarzon. Its success continued in 2025 with a FIABCI Gold Award for Best Residential Low Rise Development, a FIABCI Silver Award, and a Highly Commended citation for Best CBD Development from PropertyGuru.

These consistent accolades demonstrate not only the exceptional quality and sustainability of TVLE but also the proven demand and investor confidence in the LIMA Estate community. With Meadow situated nearby and following in TVLE’s footsteps, it stands to benefit from this momentum-positioning itself as the next promising investment opportunity within a thriving, award-winning estate.

Beyond its residential achievements, LIMA Estate has also strengthened its position as a premier investment and business destination, earning distinctions that highlight its robust mixed-use and industrial ecosystem. It has been recognized with Best Industrial Development (2025, 2021-2023), Best Mixed-Use Development (2022), and Best Green Development (2022) at the PropertyGuru Philippines Property Awards, affirming its leadership in sustainable and innovation-driven estate development.

Its commercial assets have likewise attracted investor confidence, with LIMA Tower One named Best BPO Office Development and BizHub at LIMA Estate awarded Best Green CBD Development this year. These milestones reinforce LIMA Estate’s stature as a dynamic economic hub, seamlessly balancing industrial growth, commercial opportunity, and livable community design, as evidenced by Aboitiz Economic Estates’ 5-year streak of being named as the Best Industrial Developer at the PropertyGuru Philippines Property Awards.

Here, families can build meaningful memories while investors can take comfort in a property that is poised for sustained appreciation-a place where quality living and smart investment go hand in hand.

The LIMA Estate Advantage

Aboitiz Land is a leading developer of sustainable, quality residential and mixed-use communities in the Philippines, backed by a 100-year legacy of the Aboitiz Group. Aboitiz Economic Estates develops integrated economic estates, earning recognition for innovation, sustainability, and excellence in master-planned communities. Together, they deliver the LIMA Estate Advantage, a blueprint for future-ready living and thriving investment.

PHL’s housing crisis: 6.5 million reasons for radical action now

The persistent housing backlog in the Philippines, now exceeding 6.5 million units, highlights a critical failure to address a pressing issue for Filipino families. Recent reports reveal a drastic reduction in government targets from 3 million to just 300,000 completions by 2028, alongside soaring construction costs of 14.2 percent year-on-year, totaling P58.66 billion. Housing prices, particularly in Metro Manila, have surged 13.9 percent over the past year. This situation represents a chronic national crisis that demands urgent and transformative action. (Read the BusinessMirror story: ‘Years of housing deficits leave Pinoys struggling for roofs,’ November 1, 2025).

The litany of obstacles-land acquisition issues, financing gaps, compliance hurdles with programs like Balanced Housing, fiscal constraints, and supply chain disruptions-are well-rehearsed. Successive administrations, from Arroyo’s relocation projects and Aquino’s disaster rebuilds to Duterte’s institutionalization of DHSUD and Marcos’ ambitious 4PH Program, have grappled with pieces of the puzzle. Yet, the core problem remains: Affordability has been sacrificed at the altar of market forces and inadequate intervention.

As DHSUD Undersecretary Sharon Faith Paquiz rightly concedes, housing prices have consistently outpaced household income growth. The ceilings set for socialized housing-P2.5 million for ‘economic,’ P1.8 million for vertical, P850,000 for horizontal-are increasingly detached from the economic reality of millions of Filipinos, even with proposed revisions. Surging construction costs, driven partly by non-residential projects like offices and malls, further squeeze the viability of affordable units.

The human cost is immense. Population growth, particularly in burgeoning areas like Cavite, adds relentless pressure. Families are forced into overcrowded conditions, unsafe informal settlements, or crippling debt to secure basic shelter. The dream of homeownership recedes further for the working class, while rental markets offer little solace without robust protections and supply.

Acknowledging previous limitations, the current expansion of the 4PH Program to include horizontal projects, rental options, incremental housing, and community-driven models is a welcome shift. Engaging smaller developers, streamlining licensing, and exploring secondary market financing through NHMFC are steps in the right direction.

These innovations, however, will fall short without addressing key barriers to progress. First, access to land is crucial. We need bold strategies to acquire and bank land, including mobilizing idle government-owned land and making private land available for social housing, potentially through incentives or compulsory purchases.

Second, subsidies must align with today’s economic realities. Current levels are inadequate amid rising costs and stagnant wages. Increasing direct subsidies and linking them to income levels and regional costs is essential for housing affordability. Moreover, solving the housing crisis requires a coordinated approach across departments. Housing issues are linked to infrastructure, economic policies, and disaster resilience.

Finally, we must rethink socialized housing definitions and price limits to reflect actual construction costs and household incomes, allowing for flexibility and regional variations. Supporting incremental housing development through secure land tenure and accessible financing is crucial for success.

The huge housing backlog represents millions of lives in limbo, a drag on economic productivity, and a threat to social stability. The Marcos administration has correctly emphasized scale through 4PH. Now, it must match that ambition with the political will, unprecedented financial commitment of billions annually, and radical policy shifts necessary to dismantle the deep-rooted barriers of land, cost, and coordination. Filipinos don’t just need houses; they need accessible, secure, and dignified homes. This fundamental right demands nothing less than a revolution in how the nation approaches shelter.

Rizal bust stolen from Paris plaza; French authorities launch probe

THE Philippine Embassy in France has confirmed that the bust of national hero Dr. Jose Rizal was stolen from its pedestal at Place José Rizal in Paris, three years after its inauguration in the historic 9th arrondissement.

Philippine Ambassador to France Eduardo José de Vega said the deputy mayor of Paris has reached out to the embassy and assured them that the city government is investigating the art theft.

‘The city government of Paris is investigating the matter, and we are awaiting their report. We appreciate their timely response to our request,’ de Vega told BusinessMirror.

The bronze sculpture was unveiled in June 2022 at the plaza named after Rizal, near the site where he studied ophthalmology under Dr. Louis de Wecker in 1885-1886. It remains the only public monument in Paris dedicated to a Filipino figure.

Paris-based journalist Richard Villanueva said members of the Filipino community noticed the bust missing days after the Louvre heist made headlines.

Prior to the theft, the monument had also been subject to repeated acts of vandalism, including the placement of masks, books, and other inappropriate items on the bust.

The embassy said it is closely coordinating with French authorities and the Filipino community in Paris to monitor developments.

Marcial and Sportsplus

Eumir Felix Marcial captures the World Boxing Council International middleweight title following his hard-fought majority decision victory over Venezuela’s Eddy Colmenares in one of the supporting fights of the recent ‘Thrilla in Manila’ 50th anniversary celebration at the Smart Araneta Coliseum.

SportsPlus, a dedicated supporter and the Official Gaming Partner of the Philippine Olympic Committee, stood behind Marcial’s journey-which he pulled off on his 30th birthday last Wednesday-as a pro boxer who’s unbeaten in seven fights.

Meralco: Upgrades cost ?281.33M

The Manila Electric Co. (Meralco) spent P281.33 million in the third quarter to support load growth and improve service reliability in some parts of its franchise area.

Of the total amount, P93.33 million financed the uprating of the 115 kilovolt (kV) circuit breakers at Gardner substation in Muntinlupa City, P161.95 million went to the expansion of Calamba delivery point substation with the installation of a third 300 megavolt ampere (MVA) power transformer and P26.05 million was utilized for the reliability improvement of the Binangonan substation.

Meralco said this investment is part of its commitment to delivering ‘high-quality, stable and reliable service.’ It said it will continue to invest heavily in upgrading and modernizing its electricity distribution.

The additional 300-MVA capacity and the reliability improvement projects are meant to support the load growth in the following areas: Muntinlupa City, Taguig City, Paranaque City, Laguna, Batangas, and Rizal.

In particular, Meralco said the new transformer bank, as well as associated 115 kV and 230 kV Gas Circuit Breakers, and protection and control panels will support the growing power demand of key establishments including SM City Calamba, SM City Sto. Tomas, Mariwasa-Siam Ceramics Inc., Calamba Doctor’s Hospital, Philippine Manufacturing Co. of MURATA Inc., STMicroelectronics Inc., and Samsung Electro-Mechanics Philippines Corp, as well as the neighboring communities in the area.

Meralco’s 12-month moving average system loss of 5.78 percent remained below the indicative regulatory cap. Its customers reached 8.2 million at end-September this year.

Last July, Meralco said it may close the year with about P50 billion in consolidated core net income (CCNI), higher than last year’s P45.1 billion, after posting a CCNI of P25.5 billion in the first half.

Meralco Chairman Manuel V. Pangilinan, during a news briefing, said the full-year guidance number for this year’s CCNI is ‘around P50 billion.’

‘We are guiding our 2025 full year CCNI to grow by low double digits over 2024 CCNI.’

AboitizPower unit shutters Cebu plant

East Asia Utilities Corp. (EAUC), a wholly-owned subsidiary of Aboitiz Power Corp., has completed the decommission and deregister of its 12.4-megawatt (MW) diesel generator unit 1 in Cebu.

In a disclosure to the stock exchange Monday, AboitizPower said the Independent Electricity Market Operator of the Philippines (IEMOP) confirmed that the 12.4-MW Diesel Generator Unit 1 of the EAUC Bunker C-Fired Diesel Power Plant located at Mactan Export Processing Zone 1 (MEPZ 1), Barangay Ibo, Lapu-Lapu City, Cebu was deregistered from the IEMOP system effective October 30, 2025.

Prior clearances from other concerned bodies such as the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) were also secured, in accordance with the DOE’s guidelines on the decommissioning and mothballing of a generating plant.

The decision by EAUC to seek regulatory approvals for the decommissioning of the plant was made after a technical incident in May 2024 which, following extensive evaluation by EAUC management, rendered the unit no longer viable for repair or continued operation. The other three generating units of EAUC remain unaffected by the decommissioning activity.

EAUC, which began full commercial operations on May 25, 1998, owns, operates, and maintains a Bunker-C fired power plant in MEPZ 1, Lapu-Lapu City, Cebu, serving its capacity to MEPZ 1 and the Wholesale Electricity Spot Market.

AboitizPower Corp. reported last month that its net income rose by 5 percent year-on-year to P10.6 billion in July to September.

The power firm said its earnings before interest, taxes, depreciation and amortization stood at P22.2 billion in the third quarter, 12-percent higher than the P19.8 billion reported in the same period last year.

The company cited an increase in margins from its power generation segment, which was attributable to the company’s reduced exposure to the spot market, and higher water inflow of its hydropower plants.