ABS-CBN Reinforces Its Status as the Philippines' Premier Media Conglomerate

ABS-CBN stands as the foremost media and entertainment organization in the Philippines, consistently providing high-quality programming through television, radio, digital platforms, and film. The company remains dedicated to serving the public interest and upholding Filipino cultural principles. By doing so, ABS-CBN continues to engage and inspire audiences both locally and around the world. Its comprehensive corporate framework includes robust governance, investor relations, and international distribution strategies, which support its ongoing growth and influence in the global media landscape.

Luxury Market Shifts as Gen Z Shapes New Consumer Landscape

NEW YORK — The luxury industry is witnessing a fundamental shift as Generation Z emerges as a powerful consumer group reshaping spending habits and brand loyalty. Representing just 4% of global luxury expenditure before the pandemic, Gen Z is projected to account for a quarter of luxury purchases by 2030, according to Boston Consulting Group. Recent visitors to luxury hotspots, such as Fleur Arbel and Christophe Kairouz, both 24 and from France, reveal changing tastes. Drawn initially by flashy displays like Louis Vuitton’s monogrammed animal sculptures in New York, they remain unconvinced by the brand’s traditional logos and styles, which they perceive as outdated. “I think they failed to keep the luxury image in a way,” Kairouz remarked. “I think they need to create something new, original.” Industry experts describe Gen Z as a diverse and elusive market, blending high-end labels with trend-driven pieces sourced from influencers, social media platforms like TikTok, and thrift shops. To attract these consumers, established luxury houses have embraced influencer collaborations, pop-up events, and accessible price points such as leather bag charms ranging from $240 to $1,250 offered by brands like Miu Miu. Scott Roe, CFO and COO of Coach’s parent company Tapestry, emphasizes the generational consistency in brand loyalty, noting that the challenge lies in cutting through unprecedented consumer choices. “To break through, you need to have a strong share of voice,” Roe said. Reflecting this, Tapestry has expanded its marketing investments from 3% of sales pre-pandemic to 10% in 2024, contributing to a 9.9% revenue increase to approximately $5.6 billion in the 12 months ending June. Affordable luxury labels such as Coach and Ralph Lauren have successfully harnessed the Gen Z wave, with Ralph Lauren’s revenue climbing 6.8% over the past year. Experts credit their strategies to influencer engagement, personalization offerings, and a focus on sustainability. Emerging and smaller brands are also capitalizing on the moment. Collina Strada, helmed by creative director Hillary Taymour, has targeted younger consumers with a blend of sustainability and vibrant, meme-inspired aesthetics. The brand reports that 58% of its clientele are Gen Z and Millennials, driven by inclusive campaigns and diverse runway shows that foster a sense of community. Not all legacy brands are faltering. Miu Miu and Loewe continue to resonate with younger buyers, with Miu Miu ranking first in the latest Lyst Index of sought-after luxury brands. Miu Miu experienced a 49% sales increase in the first half of 2025 compared to the same period last year. Achim Berg, founder of the think tank FashionSIGHTS, notes the appeal of single, brand-signature pieces that allow new luxury buyers to engage without committing to full ensembles. Despite these successes, luxury spending growth among Gen Z and Millennials remains modest, increasing by just 0.5% year-over-year, significantly trailing the 2.4% rise seen in Baby Boomers, according to Bank of America data. Younger buyers prioritize durability and timeless appeal when investing in high-end items, as 26-year-old Los Angeles resident Kendall Still explains, “When I shop luxury, I think about ‘what’s going to last me a long time?’ I want something I’m not going to get sick of in five or 10 years.” Some marquee brands face setbacks. Gucci, a Kering-owned label, reported a 25% drop in sales during Q2 2025 and subsequently replaced CEO Stefano Cantino after nine months. Gen Z-focused social media data from dcdx reveals Gucci experiencing the steepest online decline among leading luxury brands over the past year. The divergence among legacy brands is stark, with Kering’s shares falling 43% over two years, while Tapestry’s stock has more than tripled. Luxury industry consultant Frederica Levato of Bain & Company observes, “Legacy brands are splitting into clear winners and losers.” Looking ahead, Asian luxury is also poised for evolution. New Chinese brands including Uma Wang and Shushu/Tong are gaining prominence among young consumers for their digital fluency and embodiment of national identity. Chanel CEO Leena Nair highlighted at The Economic Club of New York that sustained brand relevance depends on remaining dynamic and contemporary: “You cannot take the longevity of a brand for granted; you stay in the public consciousness and you have the iconicity because you’re relevant and timely, and constantly modern.”

Shane Gentallan Captures IBF Asia Jr. Flyweight Title in Bohol Boxing Showdown

Shane Gentallan, a native of Maribojoc, Bohol, successfully claimed the vacant International Boxing Federation (IBF) Asia junior flyweight championship, elevating his career prospects after a unanimous decision victory over Arvin John Sampaga. The bout headlined the "Kumong Bol-anon 22" boxing event held on Saturday, September 20, 2025, at the Ubujan Covered Court in Tagbilaran City, Bohol. Judges scored the fight identically at 97-93 in favor of Gentallan, who is under the PMI Bohol boxing stable. This triumph opens pathways for him to possibly enter or rise within the IBF rankings in the near future. Atty. Floriezyl Echavez Podot, head of PMI Bohol Boxing Promotions and Gentallan's manager, expressed pride in his fighter's progress, noting a marked improvement in his performance compared to earlier bouts. "Shane has shown significant growth; he no longer just moves around but throws effective punches. Although his accuracy still needs refinement, his overall boxing skills have improved tremendously," Podot said. Despite this advancement, Podot acknowledged that Gentallan still lacks considerable punching power, which remains a key focus in his ongoing development. "Power is not quite there yet; it is evident he still needs to build it. Nevertheless, we have a clear program in place to enhance Shane's abilities," he added. Gentallan himself recognized the strength of his opponent’s punches, explaining his strategic approach to avoid direct exchanges in the ring. "Sampaga’s punches are hard, so I avoided matching his aggression head-on. If I had, it would have been disadvantageous," Gentallan shared, emphasizing his readiness to face any challenger. With this victory, Gentallan’s record improves to 13 wins, 1 loss, including 7 knockouts, while Sampaga falls to 8 wins, 3 losses, and 1 draw with 3 knockouts. In the event’s featured undercard, Gentallan’s stablemate Richard Laspoña rebounded after a sixth-round knockdown to defeat veteran Roberto Paradero by unanimous decision. Judges scored 95-94, 96-93, and 97-92, all in favor of Laspoña. Other notable results included victories by Arlando Senoc (KO round 2), Datu Adam (KO round 2), Freshler Utera (KO round 2), and Jericho Acaylar (TKO round 2). Meanwhile, fights involving Jake Malinao versus Sunny Boy Sinaon and Jed Malinao versus Marvin Zamora ended in majority draws. The event highlighted promising boxing talents from the region and signaled continued growth of the sport in Bohol.

House Speaker Urges Submission of Flood Control Probe to Independent Commission

House Speaker Faustino "Bojie" Dy II has suggested that the ongoing probe into alleged irregularities in flood control projects should be handed over to the Independent Commission on Infrastructure (ICI), a body created by the Palace. In a brief interview on Monday, September 22, Dy emphasized the need for the House of Representatives to defer the investigation to the ICI. He noted skepticism among the public regarding the current House Infrastructure Committee’s handling of the issue. "We need to submit this to the ICI. Most of our fellow citizens do not trust what is happening in the infra committee," Dy stated. He added, "I believe it would be better to pass it on to the ICI." The remarks refer to the House Infrastructure Committee, a special joint panel established under the previous House leadership to examine alleged anomalous and "ghost" flood mitigation projects in the government. The committee has conducted two public hearings so far. Meanwhile, the ICI, headed by retired Supreme Court Justice Andres Reyes Jr., has also convened to begin its own investigation. Dy, who represents Isabela's 6th district and was appointed House Speaker on September 17, stressed the urgency of prioritizing the 2026 national budget. He stated that the chamber’s main focus remains on the timely passage of the proposed P6.793-trillion budget. "What is crucial now is to finish our budget. This is where we are focusing. We will ensure the budget is handled properly and transparently. We hope to be granted enough time to do this," Dy explained. His call to transfer the probe to the ICI aligns with efforts to enhance transparency and public trust amid ongoing legislative responsibilities.

Italy and Belgium Advance to FIVB Volleyball Men’s World Championship Quarterfinals

Defending champions Italy and Belgium triumphed in their respective Round of 16 matches at the FIVB Volleyball Men’s World Championship, earning spots in the quarterfinals. The matches, held at the Mall of Asia Arena, showcased strong performances from both teams. Italy, ranked world No. 2, defeated Argentina in straight sets, 25-23, 25-20, 25-22. Italian coach Ferdinando De Giorgi expressed satisfaction with his team's performance, stating, \"We are very happy with the result. We played a very solid match, excelling in serving and blocking when opportunities arose. Argentina played well, making it a tough 3-0 victory. Now, we will rest briefly and focus on our next game.\" Key contributors for Italy included outside hitter Alessandro Michieletto, who scored 15 points with 12 attacks and three blocks, opposite spiker Yuri Romano with 14 points, and Mattia Bottolo adding 13. Setter Simone Giannelli also delivered an impressive 34 assists. Belgium showcased a commanding performance against Finland, winning 25-21, 25-17, 25-21. This victory marks Belgium’s return to the quarterfinals for the first time since 1970. Ferre Reggers led the charge with 20 points, including two aces. Belgian head coach Emanuele Zanini commented, \"We are very proud and satisfied with this achievement and our tournament so far. Although the first set was rough and emotional, our experienced players steadied the younger squad, allowing us to elevate our game. I am truly proud of the players' performance.\" The quarterfinal match between Italy and Belgium is scheduled for Wednesday at the same venue, promising a highly competitive clash between two strong teams.

Independent Commission Denounces Document Tampering in Flood Control Projects

The Independent Commission for Infrastructure (ICI) publicly condemned reports that personnel from the Department of Public Works and Highways (DPWH) have allegedly engaged in the destruction and tampering of official documents related to anomalous flood control projects. "Such actions are not only a direct obstruction of ongoing investigations but also an affront to the public’s right to transparency and accountability," stated ICI Chairman retired Justice Andres Reyes. He emphasized that "the intentional concealment or modification of records undermines the rule of law and erodes public confidence in government bodies entrusted with safeguarding public resources." The commission reiterated that documents associated with public works are public property. Consequently, any attempts to destroy, falsify, or hide these records are considered serious offenses, subject to both administrative and criminal consequences. The ICI urged DPWH officials and employees to fully cooperate by preserving the integrity of all documents and evidence in their possession. "The ICI remains committed to uncovering the truth regarding these irregular flood control projects and holding accountable those responsible," Reyes added. While the commission did not specify the extent or exact number of documents involved, it described the tampering as “widespread.” In response, Public Works Secretary Vince Dizon confirmed receipt of reports concerning "suspected tampering and possible destruction of documents" at the Baguio City District Engineering Office. "Upon receiving these reports, immediate actions were taken," Dizon said. "I have formally charged Rene Zarate, the district engineer of Baguio City, and placed him under a 90-day preventive suspension." He further ordered all DPWH offices—from central to regional and district levels—to preserve and submit all related documents from the past decade to the ICI. "Failure to comply will result in similar administrative and criminal charges, as seen in the case of Rene Zarate," Dizon warned.

TESDA Director-General Highlights Growth and Funding Challenges in Technical Education

The Director-General of the Technical Education and Skills Development Authority (TESDA), Jose Francisco Benitez, has expressed optimism about the continued growth of the country's technical and vocational education programs. This statement was made during his visit to the newly inaugurated TESDA-accredited training center at Santo Tomas Technological International School in Santo Tomas, Isabela, on September 21. Benitez highlighted the country’s focus on providing up-to-date training in fields such as caregiving, early childhood development, computer servicing, tourism, and agri-business. He emphasized that TESDA graduates are equipped with practical skills tailored to meet the demands of the local job market. "Technical and vocational education is a vital component of the employment ecosystem, generating more opportunities for Filipino workers," Benitez said. He underscored the agency's commitment to advancing skills development as a pathway to career readiness, prioritizing qualifications over traditional degrees. However, the TESDA chief also pointed out the agency's financial limitations. Despite a substantial nationwide budget of approximately four billion pesos for 2025, this amount represents only around two percent of the Department of Education's 749-million-peso allocation. Benitez called on legislators to increase funding for technical-vocational education to expand skills development initiatives. Furthermore, he noted that TESDA’s efforts align with the Philippine Qualifications Framework, which aims to standardize entry requirements across the country’s education and training systems. The new facilities at Santo Tomas Technological International School will serve as a crucial center for national certificate training, providing an enhanced learning environment for students in the region.

Burberry Returns to FTSE 100 Amid Turnaround Efforts and London Fashion Week Showcase

British luxury brand Burberry has rejoined the FTSE 100 index, marking its return to London’s premier stock market listing one year after its departure. This reentry comes as the company intensifies efforts to revitalize its business through a strategic turnaround plan focused on enhancing sales and reducing expenses amid challenging market conditions. The global luxury sector continues to face sluggish consumer demand, particularly from China, alongside the repercussions of US tariffs. Burberry aims to regain customer appeal with its iconic outerwear, including its renowned trench coats, which will headline the brand’s runway show closing London Fashion Week on Monday evening. Investor sentiment was cautious early Monday, with Burberry shares dipping approximately one percent during morning trading. Nonetheless, the stock has experienced a remarkable 86 percent increase over the past twelve months, reflecting growing confidence in the company’s recovery. After maintaining a position in the FTSE 100 for 15 years, Burberry was demoted to the FTSE 250 in September 2024. Analysts attributed this setback to strategic missteps and diminished demand from the Chinese market. Since taking over as CEO last year, Joshua Schulman has spearheaded a comprehensive cost-cutting initiative, which may affect up to 18 percent of Burberry’s workforce—around 1,700 employees. Although the most recent fiscal year ended with a net loss, early quarterly results indicate signs of financial improvement. Established in 1856, Burberry benefits from a storied heritage, including receiving a royal warrant from Queen Elizabeth II in 1955, underscoring the brand’s reputation for exceptional quality. As it works to reclaim its market position, Burberry’s blend of legacy and strategic transformation remains central to its recovery strategy.

Jayson Vayson Suffers Controversial Corner Stoppage in World Title Bout Against Oscar Collazo

Filipino boxer Jayson Vayson faced a contentious defeat during his inaugural world championship attempt, falling to undefeated WBO and WBA strawweight titleholder Oscar Collazo at Fantasy Springs Casino in Indio, California. Vayson, who dropped in weight class to challenge the Puerto Rican champion, experienced a flash knockdown in the opening round but remained uninjured. He responded fiercely in the subsequent rounds, engaging in intense exchanges with Collazo, known for his relentless pressure style. The match escalated dramatically in the seventh round when the referee abruptly halted the contest following Vayson's corner throwing in the towel. Many observers were taken aback by the stoppage, as Vayson appeared physically able to continue in the fight. This stoppage marked the second loss in Vayson's professional career, bringing his record to 14 wins, 2 losses, and 1 draw, with 8 victories by knockout. Meanwhile, Collazo maintained his spotless record at 13-0 with 10 knockouts.

Sea Legend to Launch First Direct Arctic Shipping Route Between China and Europe

Chinese-controlled shipping firm Sea Legend is set to initiate the first direct container route connecting China and Europe through the Arctic’s North Sea Route (NSR) this week, significantly shortening transit times and lowering emissions. According to a statement from Ningbo Zhoushan Port, the vessel Istanbul Bridge will depart on September 24 from Ningbo Zhoushan and is expected to arrive at Felixstowe, the United Kingdom’s largest container port, by October 10. This voyage is projected to last about 18 days, nearly halving the usual shipping time via traditional routes around the Cape of Good Hope, which typically take 40 or more days. The accessibility of the Arctic's NSR has increased in recent years due to rapid warming, as sea ice has diminished substantially. Over the last four decades, the Arctic has warmed at a rate nearly four times that of the global average, enabling seasonal navigation through previously inaccessible waters. Reducing shipping distances through this route is also anticipated to cut carbon dioxide emissions by roughly 50%, according to Ningbo Zhoushan Port. However, while shorter transit times reduce fuel consumption and emissions on a per-voyage basis, experts caution that increased Arctic maritime traffic elevates environmental risks. These include potential disturbances to marine ecosystems, heightened risks to marine mammals, and operational challenges due to extreme weather conditions and sparse infrastructure. Previously, the fastest express shipping from China to Europe took 26 days, traveling from Ningbo Zhoushan to Wilhelmshaven, Germany. That route began operations last year, underscoring a growing trend toward faster and more efficient Arctic shipping lanes. Requests for further comment from Ningbo Zhoushan Port have not yet been answered.