ARROW Act to unlock infrastructure projects

Long-delayed infrastructure projects in the Philippines could gain momentum with the passage of the Accelerated and Reformed Right-of-Way (ARROW) Act, according to analysts.

Republic Act No. 12289, signed last month by President Ferdinand R. Marcos, Jr., amended the Right-of-Way Act of 2016 to make property acquisition faster, more transparent, and predictable.

Under the new law, agencies and private concessionaires must make upfront deposits on properties slated for acquisition — including crops, trees, and improvements — equivalent to 15% of their market value.

“By standardizing compensation and requiring upfront deposits, both landowners and developers gain greater transparency and security,” said Jamie S. Dela Cruz, research manager at KMC Savills.

“For the property sector, this translates into clearer growth corridors and faster value appreciation in areas near planned infrastructure,” she added.

“Developers, investors, and businesses can plan with more certainty, while landowners benefit from more predictable compensation.”

Joey Roi H. Bondoc, director and head of research at Colliers Philippines, said the amended RoW Act will support real estate expansion outside Metro Manila.

“You cannot achieve both infrastructure implementation and decentralization if you cannot acquire the properties needed to build infrastructure,” he said.

Analysts have noted developers’ growing interest in regional areas such as Pampanga, Cebu, Bacolod, and Davao, amid favorable economic conditions and talent pools.

However, Ms. Dela Cruz cautioned that uneven implementation at the local level and potential speculative price surges in acquisition areas remain risks.

Right-of-way bottlenecks have long hindered infrastructure projects, affecting property developers’ expansion plans.

Beyond solving RoW bottlenecks, the government should strengthen urban planning and zoning to prevent congestion and ensure that infrastructure projects support balanced growth, she said.

She also stressed the need for more efficient permits, land titling, and property registration, as well as affordable housing for middle-income and working-class households.

“It should also ensure that public-private partnerships in key growth areas align infrastructure with commercial, industrial, and residential demand,” she added.

“If these issues are addressed together, the ARROW Act could become a genuine catalyst not only for infrastructure delivery but also for a more competitive, resilient, and inclusive Philippine property market,” Ms. Dela Cruz said.

Source: Business World

Inflation holds steady at 1.7% in October 2025

Philippine Headline inflation steadied in October as slower price increases in vegetables and meat offset higher utility costs during the month, the Philippine Statistics Authority (PSA) said on Wednesday.

PSA data showed that the consumer price index (CPI) stood at 1.7% in October, unchanged from September’s print but eased from 2.3% a year ago.   

October also marked the eighth straight month that inflation fell below the central bank’s 2-4% target band.   

In the 10 months to October, average inflation matched the BSP’s full-year target of 1.7%.

Meanwhile, core inflation, which discounts volatile prices of food and fuel, eased to 2.5% from 2.6% in September. Still, it was slightly faster than the 2.4% print in October 2024. 

This brought year-to-date core inflation to 2.4%, easing from the 3.1% clip seen in the comparable year-ago period.

Housing, water, electricity, gas and other fuels contributed most to the CPI during the month and posted a 2.7% inflation rate, National Statistician Claire Dennis S. Mapa said.

Electricity alone posted a 4.1% inflation in October, accelerating from the 1.2% clip seen in September. 

In October, the Manila Electric Co. hiked the overall electricity rate by P0.2331 per kilowatt-hour (kWh) to P13.3182 per kWh. This means residential customers consuming 200 kWh had to pay an additional P47 in their bill last month. 

Meanwhile, inflation for water supply also quickened to 5.7% in October from 5.3% a month earlier.

In September, the Metropolitan Waterworks and Sewerage System okayed the proposed P0.14 per cubic meter (cu.m.) hike for Maynilad and a P0.15 per cu.m. rollback for Manila Water for the October-December period.

Department of Economy, Planning, and Development Secretary Arsenio M. Balisacan said the government’s efforts to manage supply conditions and ensure price stability helped inflation hold steady in October.   

“The steady headline inflation rate shows that our coordinated interventions are helping to maintain adequate supplies and keeping essential goods affordable,” he said in a statement. “We remain vigilant in managing risks from weather disturbances, global market volatility, and other domestic factors that may affect prices in the coming months.”

Meanwhile, slower inflation for food and non-alcoholic beverages tempered inflationary pressures in October.

The heavily weighted food and nonalcoholic beverage index eased to 0.5% in October from the 1% clip logged the month earlier.

“Our food basket, food and non-alcoholic beverages, has the biggest weight in the inflation basket at 37.75% more or less,” Mr. Mapa said.

Food inflation slowed year on year to 0.3% from 0.8% the previous month and 3% in October 2024. 

This came as inflation for vegetables, tubers, plantains, cooking bananas and pulses eased to 16.6% from 19.4% in September.

Likewise, the PSA recorded slower inflation for meat and other parts of slaughtered land animals in October at 5.2% from 6% a month ago.

However, Mr. Mapa noted that inflationary pressures from food remain as prices of fish and other seafood picked up to 8.2% from 7.9% in September.

RICE PRICES

Rice inflation remained in the negative for the tenth month in a row at -17% in October from -16.9% in September.

Mr. Mapa said rice prices continued to decline amid increased unmilled rice production in the last quarter of the year.

“Our production is high, but of course, prices in the world market are also starting to drop. So that actually affected, in a good manner, our retail rice prices, because it continues to decline,” he said in Filipino.

Citing PSA data, Mr. Mapa said a kilo of regular-milled rice was sold at an average price of P40.09 in October, dropping by 20.2% from P50.22 a year ago. Well-milled rice was also cheaper at an average P46.49 per kilo, down 15.9% from P55.28 last year. Meanwhile, special rice was priced at P56.39 per kilo last month, falling by 11.8% from P63.97 in October 2024.

“Despite the import ban on rice, the price of the grain was largely stable while meat and dairy prices eased, offsetting the increase in utility rates,” Aris D. Dacanay, economist for the Association of Southeast Asian Nations at HSBC Global Investment Research, said.

Earlier, President Ferdinand R. Marcos, Jr. ordered a 60-day freeze on regular and well-milled rice imports from Sept. 1 to Nov. 2 to support local farmers amid the harvest season and to stabilize rice prices.

The suspension has been extended until yearend, with the government eyeing to open an import window in January before reimposing the ban from February to April.

Meanwhile, PSA data also showed that inflation in the National Capital Region (NCR) picked up to 2.9% in October from 2.7% in the previous month and 1.4% in the same month in 2024.

Outside NCR, inflation eased to 1.3% from 1.5% in September and the 2.6% clip a year ago.

Central Visayas still saw the highest inflation print among other regions at 2.6%, while prices in Bangsamoro Autonomous Region in Muslim Mindanao declined the fastest at -1.3%.   

Inflation for the bottom 30% of income households declined at a faster pace of -0.4% in October from -0.2% in September. For the 10-month period, it averaged 0.3%, slower than 4.5% a year ago.

INFLATION AHEAD

The BSP still sees inflation settling below its 2-4% target by yearend, citing the recent easing of rice prices in the country.

“Inflation is projected to average below the low end of the target range in 2025, primarily due to the easing of rice prices in previous months,” it said in a statement. “The risks to the inflation outlook are limited as price pressures are expected to ease amid stabilizing global commodity prices.”

However, the central bank said the outlook for domestic economic growth has weakened.

“This outlook reflects in part the impact on business confidence of governance concerns about public infrastructure spending. Indications of slowing demand also reflect lingering uncertainty from the external environment,” the BSP said.

For November, Mr. Mapa said fuel prices will likely drive up inflationary pressures following the latest pump price adjustment.

Oil firms in the country implemented fuel price hikes on Tuesday, amounting to P1.70 per liter for gasoline, P2.70 per liter for diesel and P2.10 per liter for kerosene.

Mr. Mapa said they will continue to monitor the impact of recent typhoons on consumer prices, as well as Mr. Marcos’ earlier directive to impose a price freeze on basic and prime commodities until yearend.

“There are threats to overall food inflation. Some items are increasing, (such as) the price of fish (and) vegetable,” Mr. Mapa said, noting vegetable prices are sensitive to weather conditions.

In a note on Wednesday, Chinabank Research said inflation will likely remain low in the coming months, but noted that pump price adjustments and the weather’s impact on food prices still pose risks.   

“We expect overall inflation to remain low for the rest of the year, though upward price pressures may arise from energy — a hefty increase in local pump prices was announced this week — as well as from weather-sensitive food prices,” it said.

Meanwhile, HSBC’s Mr. Dacanay said the benign inflation and clearer rice policies could push the BSP to cut rates by 25 basis points (bps) in December.

“All in all, we think October inflation plus the clarity over rice policies strengthen the case for a December rate cut by the BSP,” he said. “With no issues in inflation, monetary policy has the runway to pump the economy to, hopefully, offset the fiscal fallout brought by a sharp drop in public infrastructure spending.”

Since it began its easing cycle in August 2024, the Monetary Board has cut its key policy rate by 175 bps to a three-year low of 4.75%. 

BSP Governor Eli M. Remolona, Jr. has signaled further easing until early next year to support the economy as the ongoing flood control anomalies have hit business sentiment, clouding their growth outlook.   

The Monetary Board will hold its last rate-setting meeting this year on Dec. 11.

Source: Business World

Smart Homes Getting An AI Renovation

Upgrades provide natural conversations, cameras that find lost dogs

A decade ago, Amazon’s Echo and Google’s Home offered us a taste of the future: We speak, and our homes respond. But when ChatGPT and other AI chatbots arrived, those “smart” speakers started to feel pretty basic.

Google is rolling out Gemini generative-AI smarts to existing devices at the end of the month.

Now that they’re getting a generative- AI overhaul, the question is: Can we get more out of devices that until now have been great at setting kitchen timers, reading the weather and playing music?

Most homes are “smart”: Consumer- tech tracking firm Parks Associates reports just over half of internet-connected U.S. households own at least one smart speaker. Yet smart-home adoption has stalled since peaking in 2021, says research firm IDC. Anyone who has wrestled with a smart light, thermostat or other home tech knows the pain. A multitude of fussy apps and the need to memorize countless verbal commands were a big part of the problem.

Amazon’s Alexa+ and Google’s Gemini aim to fix that, by making smart homes less dumb. The tech giants introduced new speakers, home displays and cameras this week to capitalize on their evolved assistants, but most existing devices are also compatible.

Gemini for Home arrives at the end of the month, and Amazon says 10 million households have early access to Alexa+. As we wait for Apple’s Siri to catch up, here are the three big changes coming to our homes right now.

Cameras that tell you what’s happening

When you get a security camera alert, you tend to open an app and peer in wondering at what might be lurking in or outside your house.

With Gemini for Home—which you can gain early access now in the Google Home app—Nest cam notifications have more useful descriptions, such as “Dog jumped out of playpen,” or “USPS dropped a package off on your porch.”

Inside the app, you can ask queries like, “When did the gardener arrive last week?” to pull up relevant clips. In a demo, “What ate my grass?” showed rabbits munching in the garden. The cameras can also summarize daily highlights such as kid activity or package delivery. Amazon’s Ring announced similar features called Video Descriptions and Smart Video Search earlier this year— available to Home Premium plans.

In December, Ring will add Familiar Faces, allowing its doorbells and other cameras to recognize people you know. The system matches faces based on your videos only, and the identification is stored with your account. Also coming in December is a service that allows Alexa+ to greet people at the door, whether they’re familiar or unfamiliar faces. Ring is attempting a more ambitious task as well: finding lost dogs.

You can trigger a “Search Party” by providing details and a photo of your missing dog. Any outdoor Ring cameras in the vicinity that spot your dog will alert those camera owners.

If they want to notify you, they can with a tap. (They can also choose to ignore the alert, and even disable Search Party entirely.) Search Party, available in November, is only for dogs at launch, but Amazon is looking beyond canines. In addition to evaluating algorithms for other pets—hello, cats!—it is considering monitoring for lost people as well.

“There are thousands of people missing with dementia all the time, so you can imagine looking for them,” says Jamie Siminoff, who founded Ring and currently heads the Amazon subsidiary.

Siminoff noted the privacy concerns, and emphasized that videos will never be shared without the consent of the camera users. In addition, Ring says it doesn’t use private customer videos to train its AI models.

Speakers that have real conversations

As soon as you upgrade to Alexa+ or Gemini for Home, the biggest change you’ll notice is the humanness of the assistant. Conversations flow freely; you don’t need to repeat the wake word. We’ve asked Alexa+ about classical architecture, amenities at a campground, whether selenium is water-soluble and more, with informative responses.

We have yet to stump it. Responses to conventional smart-speaker requests are improving, too. When Gemini for Home rolls out, you can say, “Set a timer for roasted carrots”—Gemini will ask appropriate follow-ups and start a countdown. You can also ask: “Play a recent podcast featuring Serena Williams” or “My dishwasher isn’t draining.

What should I check first?” Like ChatGPT, these AI-powered assistants sometimes hallucinate, too. Alexa+ offered to make a restaurant reservation via Open- Table. The restaurant wasn’t even on the app yet it insisted we had a booking. Hey, that’s why it’s still early access.

Automation without the app headache

The magic of the smart home is when stuff happens exactly when you need it to. Previously, this felt like it required a computer-engineering degree. Now, you can create these automations just by describing what you want. Seriously.

For example, asking Gemini to “make me feel safer” will check that the doors are locked, windows closed and—if you’re not home— lights are toggling on and off. Amazon’s devices chief, Panos Panay, shared how his wife’s frustration with their son—“He just leaves the lights on!”—led her to ask Alexa to turn off lights each night at a given time. She didn’t realize she had created a routine, he says. Amazon’s new devices are equipped with more sensors to understand what’s happening in your home.

In other features rolling out in the coming months, they’ll learn habits—who’s home during the day, what doors should be locked after 10 p.m.—and will be able to adjust routines and alerts based on those patterns, the company says. (Alexa+ will come with all the new Echo devices.) We’ll be doing more testing with Alexa+, Gemini for Home and the new devices.

But these smart assistants already feel less like high-maintenance houseguests and more like family: They listen, learn and might even help find the missing dog. 

Source: Wall Street Journal