Street Journal, Author at Street Journal Multimedia Services

QUEZON CITY, Philippines — The Social Security System (SSS) signed a Memorandum of Understanding (MOU) and Non-Disclosure Agreement with Standard Economics on July 3 to support the development and implementation of the SSS Micro Loan Program, also known as SSS LoanLite, a proposed digital microloan facility designed to provide members with faster, safer, and more affordable access to short-term financial assistance. The initiative is intended to help SSS members access financial support with greater speed, security, and convenience, while strengthening the infrastructure used to assess, distribute, and service financial assistance at scale. SSS President and Chief Executive Officer Robert Joseph M. de Claro and Standard Economics President and Chief Executive Officer Evan Stanley Jones inked the MOU to formalize the partnership and leverage the company’s Economic Superintelligence platform. “Standard Economics is honored to support SSS in its mission to serve Filipino workers and their families,” said Evan. “Our goal is to provide modern financial infrastructure that helps institutions deliver support faster, safer, and more efficiently. We believe everyday, people deserve access to financial products that are trusted, high quality, and built around their needs.” Standard Economics’ Economic Superintelligence platform combines secure financial infrastructure with advanced intelligence systems for identity, AI risk assessment, AI underwriting, payments, AI fraud prevention, and data security. The platform is designed to help governments and institutions move, allocate, and manage money at population scale while improving the member experience. De Claro thanked Standard Economics for partnering with SSS to fulfill its mission of serving the Filipino people. “Your organization may be relatively new to the industry, but it shows a great promise through its innovations that enable faster loan disbursement, lower transaction costs, greater financial inclusion, automated processes and real-time monitoring,” he said. “By leveraging blockchain technology and digital payments, you have the potential to be a true game changer.” He noted that the partnership supports President Ferdinand R. Marcos Jr.‘s vision of positioning the Philippines as open for business in terms of investments, further reinforced by the country’s recent classification by the World Bank as an upper middle-income economy. He also highlighted Finance Secretary and Social Security Commission Chairperson Frederick D. Go’s vision of using technology to deliver faster services with lower fees for loan borrowers, adding that he is proud that, through SSS’ partnership with Standard Economics, the institution will leverage AI to strengthen security controls and improve advanced audit capabilities in support of the SSS LoanLite Program. Standard Economics said the Philippines is an important market for its broader mission of expanding access to modern financial services. The company is building financial infrastructure to give everyday people a pathway to economic security, open participation in the modern economy, and long-term wealth creation.

Baguio delivers P3-M financial aid to quake-hit Mindanao LGUs

Baguio City

Baguio City / Street Journal

BAGUIO CITY, Philippines — The city government has distributed financial assistance to local government units (LGUs) affected by the recent magnitude 7.8 earthquake in Mindanao. City Administrator Vittorio Jerico Cawis personally handed over the financial assistance recently, on behalf of Baguio City to the mayors of the municipalities of Glan, Malapatan, T’boli, Jose Abad Santos, Lake Sebu and General Santos City. The assistance amounts to P600,000 each for General Santos City and Jose Abad Santos, while Glan, Malapatan, T’boli and Lake Sebu each received P300,000. Cawis noted the hapless condition of Glan and Malapatan which suffered severe devastation. “Until now, most of their residents are in the evacuation centers because of the damages wrought on their houses with damaged houses reaching more than 5,000. Some won’t be able to return because of the land fissures. Even their LGUs are still operating in makeshift tents and container vans. They badly need help,” he said. Cawis said separate donations of P300,000 each will be sent to Don Marcelino and Sarangani Island whose local governments likewise declared a state of calamity following the earthquake.\ Earlier, the City Disaster Risk Reduction and Management Council (CDRRMC) chaired by Mayor Benjamin Magalong recommended allocating P3 million from the city’s Disaster Risk Reduction and Management Quick Response Fund to assist the quake-stricken LGUs. The city council approved the financial assistance as part of the city’s commitment to help affected communities recover from the devastation caused by the powerful earthquake. – Aileen P. Refuerzo

Robredo urges Naguenos to stay vigiliant vs COVID-19

Region 5

Region 5 / Street Journal

NAGA CITY, Philippines — Mayor Leni Robredo has urged Nagueños to make protection against viruses part of their daily routine following the reported increase in COVID-19 cases in Quezon City. Robredo made the reminder during a press conference after learning that Quezon City has recorded 146 COVID-19 cases this year. On July 5, the Quezon City Epidemiology and Surveillance Division reported that confirmed COVID-19 cases in the city increased by 265.22 percent over a three-week period, rising to 84 cases from June 11 to July 1 from only 23 cases recorded between May 21 and June 10. “We are advising especially our senior citizens to take care because the threat of COVID to seniors, who are among the most vulnerable, especially those with comorbidities, remains the same,” Robredo said. She encouraged the public to continue observing basic health protocols, including wearing face masks when necessary, washing hands regularly, and maintaining physical distance from others when experiencing symptoms of illness. She noted, however, that the availability of COVID-19 vaccines provides added protection against severe illness. “The mere fact that Quezon City has logged a spike in COVID-19 cases means we have to remain alert and vigilant against the virus,” the mayor said. Robredo reminded residents that consistent observance of preventive health measures remains one of the most effective ways to protect themselves, their families, and the community from COVID-19 and other infectious diseases. | via Jason B. Neola, head of CMO-Public Information Division

Farmers Trading Center, ipapatayo sa San Gabriel, La Union

Region 1

Region 1 / Street Journal

SAN GABRIEL, La Union – Muling pinagtibay ng Provincial Government of La Union at ng Local Government Unit (LGU) ng San Gabriel ang kanilang adhikain para sa agricultural development sa pamamagitan ng isang ceremonial signing ng Deed of Usufruct sa San Gabriel Municipal Hall, noong July 10. Pinangunahan nina Governor Mario Eduardo C. Ortega at San Gabriel Mayor Lany B. Carbonell ang seremonya. Dumalo rin sina Ex-Officio Board Member Ramon Guio “Ram” A. Ortega, San Gabriel Vice Mayor Ramolito A. Guinomma, Provincial General Services Officer Engr. Robert Lelina, Provincial Agriculturist Marcelo Otanes, sangguniang bayan members, at mga municipal department head. Ipinagkaloob ng PGLU sa LGU San Gabriel ang 1,613.43 square meters na bahagi ng provincial property sa Brgy. Bucao, San Gabriel, La Union kung saan maipatatayo ang San Gabriel Farmers Trading Center na magsisilbing sentro ng kalakalan para sa mga produktong agrikultural. Magsisilbi ang proyekto bilang pangunahing trading hub kung saan mapapabilis ang produksyon at benta ng mga magsasaka na dagdag sa kanilang kita. Sumasalamin ito sa pagtutulungan ng probinsya at mga LGU para sa local development sa sektor ng agrikultura.

CMDC: Mankayan drilling is exploration, not mining

CAR

CAR / Street Journal

Company cites completed consent process MANKAYAN, Benguet, Philippines — Crescent Mining and Development Corporation (CMDC) today reaffirmed that its current activities in Mankayan are limited to exploration drilling under duly issued government permits, and renewed its invitation to community leaders to resolve outstanding concerns through dialogue. Exploration, not mining The work now underway is exploration drilling under CMDC’s Exploration Work Program approved by the Mines and Geosciences Bureau on August 28, 2025. The program’s sole purpose is to gather geological data for a pre-feasibility study — to determine whether future development of the deposit is feasible. No ore is being extracted, no land is being excavated beyond narrow patches land for drill pads, and no mineral processing is taking place. Drilling is confined to specific, limited sites within the tenement; it does not involve the entire 533.4-hectare area. Should studies eventually show that development is feasible, mining could not simply proceed. Further negotiations with the community, endorsements from local government units, an Environmental Compliance Certificate, and additional government approvals would all be required. The Environmental Impact Assessment study which is required to be conducted in this period was also postponed. CMDC also confirmed that open-pit mining is not being considered at any stage. The deposit’s depth and geometry make it unsuitable for open-pit methods; studies to date indicate. A completed, NCIP-supervised consent process CMDC’s Mineral Production Sharing Agreement (MPSA No. 057-96-CAR), originally granted in 1996, was renewed by the DENR in March 2022 for a second 25-year term, on the condition that a Certification Precondition be obtained from the National Commission on Indigenous Peoples (NCIP). That condition has been fulfilled. The Free, Prior and Informed Consent (FPIC) process — initiated in October 2021 and facilitated by the NCIP over nearly four years — included community assemblies in all twelve barangays of the Mankayan ancestral domain, conducted twice per barangay, followed by a decision-making stage completed in August 2024 under rules agreed at the outset: one vote per barangay, simple majority. A majority of barangays voted in favor. A Memorandum of Agreement between CMDC and the Mankayan Ancestral Domain was signed on December 18, 2024, and the NCIP Commission En Banc — after separately hearing the barangays that voted no — approved the issuance of a Certification Precondition under CEB Resolution No. 2025-10-09-051. The CP was signed by the NCIP Chairperson on September 29, 2025. CMDC acknowledges that a petition questioning the CP is pending before the NCIP, filed in April 2026, and respects that process. The company is confident in the integrity of the FPIC undertaken. A record of restraint and engagement When the Municipal Mayor issued a Cease and Desist Order in October 2025, CMDC voluntarily complied and suspended activities while the issues raised were addressed. Following written advice from MGB-CAR (November 2025) and the Anti-Red Tape Authority (December 2025) that the order fell outside LGU jurisdiction over a validly permitted exploration period, the Mayor repealed the CDO through Executive Order No. 21, Series of 2026, on April 4, 2026. CMDC has continued to seek dialogue, including a meeting with municipal and barangay officials in the months following the issuance of the CDO from Mayor Cesar Pasiwen until June 16, 2026 where they announced that they will resume the drilling activities. During the June 16 dialogue some participants even urged the company to go ahead with the plan. Environmental safeguards during drilling Even at the exploration stage, CMDC implements site-specific environmental controls: lined drill pads and mud pits that contain drilling fluids and cuttings; collection and storage of topsoil for restoration; hole sealing in accordance with MGB guidelines; regular water, air, and noise quality testing; and full rehabilitation of drill sites — previous sites have been returned to landowners and are again productive farmland. The company also planted 6,000 to 7,000 benguet pine trees, coffee, and bamboo seedlings annually across Guinaoang, Bulalacao, and neighboring barangays. Drill sites are documented, and CMDC welcomes community observers to verify that activities remain within the approved exploration scope. Respect for community concerns CMDC recognizes that some residents of Barangays Bulalacao and Guinaoang hold genuine concerns about the project’s potential impact on farmlands, water, and livelihoods. The company takes these concerns seriously. As a commitment to allay the fears of the community, CMDC, through its President, Engr. Ronnie Siapno executed an affidavit of undertaking that was attached to the Certification Precondition and the Memorandum of Agreement with the Indigenous People of Mankayan. (Press Release) About CMDC: Crescent Mining and Development Corporation holds MPSA No. 057-96-CAR covering 533.4 hectares in Mankayan, Benguet, renewed for a second 25-year term to 2046. CMDC is affiliated with Blackstone Minerals Ltd (ASX:BSX).

BDO shortens offer period for sixth ASEAN Sustainability Bonds issue

Business

Business / Street Journal

BDO Unibank, Inc. (“BDO” or the “Bank”) disclosed that it has shortened the offer period for its sixth Peso-denominated ASEAN Sustainability Bonds issue. Originally set to run from July 9 to 21, 2026, the Bank decided to close the offer period early, on July 10, 2026, following strong demand from both retail and institutional investors. The Bank’s latest ASEAN Sustainability Bonds have a tenor of one-and-a-half (1.5) years and bear a coupon rate of 6.26% per annum. The issue, settlement, and listing date will be on July 28, 2026. The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework, support the Bank’s lending activities, and diversify the Bank’s funding sources. ING Bank N.V., Manila Branch (“ING”) is the Sole Arranger and Sustainability Coordinator of this issuance, with BDO and ING as Selling Agent and BDO Capital & Investment Corporation as Financial Advisor.

Nueva Vizcaya coffee producers, brewers score twin victories

Region 2

Region 2 / Street Journal

By Rachel Magday NUEVA VIZCAYA, Philippines — Nueva Vizcaya strengthened its position in the country’s growing coffee industry after a local farmers’ cooperative and a homegrown brewing team won major awards in separate competitions. Gov. Jose V. Gambito led provincial officials in honoring the award-winning coffee producers and brewers during Monday’s flag-raising ceremony, recognizing their role in improving the quality and national profile of locally produced coffee. “These victories prove that Nueva Vizcaya has the talent, climate and communities needed to build a competitive coffee industry,” Gambito said. “The provincial government remains committed to supporting our growers, processors and brewers through training, market development and other programs that will help transform coffee into a sustainable source of income for our people.” The Tiblac Farmers Agriculture Cooperative, in Ambaguio represented by Joan Dulagan, won the Robusta category of the second North Luzon Coffee Quality Competition held in May in Baguio City. Organized by the Philippine Rural Development Project-North Luzon and the Department of Trade and Industry, the competition aimed to promote and improve the quality and market competitiveness of Northern Luzon coffee. It drew 65 entries, including six from Nueva Vizcaya. Tiblac’s Robusta scored 85.06 and earned a premium-grade rating for its rich flavor, aroma and smooth quality. Other Nueva Vizcaya entries also received premium-grade ratings. Nueva Vizcaya brewers likewise distinguished themselves during the Philippine Coffee Brewer League 2026–Nueva Vizcaya Leg, spearheaded by the Department of Trade and Industry and held on June 28 at Saint Mary’s University. The competition drew 16 teams from Nueva Vizcaya, Benguet, Isabela, Nueva Ecija, Tuguegarao, Zambales and Manila—the largest turnout in the league’s round-robin history. Nueva Vizcaya-based Loot & Brew of Felisa’s Grind and Brew emerged as champion. The team is composed of Mc Osmund Espejo, Justine San Juan and Christopher San Juan.

Love Makes Every Opportunity Count: Josef’s Story of Growth and Belonging

Lifestyle

Lifestyle / Street Journal

BAGUIO CITY, Philippines – Every journey begins with someone believing in your potential. For Josef, that journey started with the unwavering support of his family. Diagnosed with autism at the age of four, he grew up surrounded by encouragement, early intervention, and educators who embraced inclusion. With the help of his parents, teachers, therapists, and classmates, Josef learned not only academics but also the confidence and discipline that prepared him for life beyond the classroom. “When you first learn that your child has autism, it is not really easy, but I think what is important is acceptance.” shared Belette Vizcocho, Josef’s mother. He completed his studies in Hotel, Resort and Restaurant Management at Saint Louis University before beginning his On-the-Job Training at Baguio Country Club. What started as an opportunity to gain experience became the foundation for a career built on dedication and perseverance. More than coworkers, they are a team. Josef (center) shares a joyful moment with his colleagues at Vizco’s Restaurant & Cakeshop, where collaboration and inclusion are part of everyday work. Today, Josef has been part of the Vizco’s family since 2016, working as an assistant baker while also supporting kitchen operations and administrative tasks. Over the years, he has continued to grow professionally by participating in safety seminars, environmental training, and Basic Life Support certification, proving that learning does not stop after graduation. Outside of work, Josef enjoys biking, playing basketball, and expressing his creativity through photography. As a longtime participant of the Autism Society Philippines Baguio’s Colors of “A” Spectrum photography workshops and exhibits, his photographs have been showcased annually at SM City Baguio, celebrating the unique perspectives and talents of persons on the autism spectrum. Josef’s story is a reminder that meaningful opportunities, coupled with understanding and support, can empower individuals to reach their fullest potential. Reflecting on Josef’s inspiring journey, Arch. Jerico Bernardo, Mall Manager of SM City Baguio, shared that stories like his embody the values of inclusion and community. “At SM City Baguio, we value not only the businesses that are part of our community but also the inspiring people behind them. Josef’s journey reflects the power of acceptance, perseverance, and the opportunities that help individuals reach their full potential.” As Baguio’s most loved mall, SM City Baguio takes pride in celebrating the inspiring stories of its tenants and the people behind them. Josef’s journey is a testament to how acceptance, perseverance, and opportunity can open doors to meaningful possibilities.

Cordillera RDRRMC urges public to brace for El Niño

Baguio City

Baguio City / Street Journal

By Debbie E. Gasingan BAGUIO CITY, Philippines — The Cordillera Regional Disaster Risk Reduction and Management Council (RDRRMC) encourages the public to prepare for the ‘worst-case situations’ as PAGASA reports that El Niño will intensify over the coming months and will persist until early next year. DOST-PAGASA reported on June 24, 2026, that there’s a 69 percent possibility that a strong El Niño is likely to emerge by the August-September-October season and over 62% that a very strong El Niño is favored during the October-November-December and November-December-January seasons. Office of Civil Defense Cordillera regional director and Cordillera RDRRMC chairperson Albert Mogol said that various sectors will be affected once the strong and very strong El Niño emerge. Preparedness measures should focus on water, food and energy security, as well as on health and public safety. “Affected po ‘yung ating energy kasi mas marami ang gumagamit ng kuryente kasi masyadong mainit. Of course, affected din dito ‘yung ating fuel supply, and thirdly is ‘yung water, food, and agriculture,” Mogol said during the Kapihan sa Baguio on June 29. He also noted a decrease in water levels of dams and rivers, particularly in areas that have not experienced any rainfall over the past months. “Ito po ‘yung dapat nating paghandaan. Even in other countries, nakaka-experience ng water shortage. Dapat pagtuunan natin ng pansin, ano ba ang dapat nating gawin,” he emphasized. Mogol mentioned exploring alternative solutions to help ensure a sustainable water supply. He cited Singapore as an example, noting that the country has established several water desalination plants, converting seawater into safe, potable fresh water. Relying on Reverse Osmosis, this uses high-pressure pumps to force water through semi-permeable membranes that block salts and impurities, producing millions of gallons of drinking water daily. “’Yun pong tubig-dagat ay kino-convert nila into potable water at kaya naman po nating gawin ‘yan kung gagawin natin. Ang tubig, hindi natin magiging problema kung ito ay ating pinaghahandaan… pag-aralan din siguro,” he said. The director said that an El Niño Response Plan is already in place in the region, with various agencies working in close coordination to mitigate the effects of the phenomenon. Based on the climate outlook released by the weather bureau, the whole of Cordillera might experience dry conditions by the end of November 2026. Dry condition is defined as two consecutive months of below-normal rainfall condition or 21-60% reduction from average rainfall. By the end of December 2026, the region is forecasted to experience a dry spell or three consecutive months of below normal rainfall condition or 21-60% reduction from average rainfall. (JDP/DEG-PIA CAR)

Author name: Street Journal

SSS taps tech firm Standard Economics for micro loan initiative