#economy-of-the-philippines — Public Fediverse posts

Economist Says Philippines Has Crossed into Stagflation

As far as one economist is concerned, the Philippines has crossed into stagflation pointing to factors like domestic government spending reductions, soaring costs of food, high price of oil and more, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

The Philippines has crossed the line from a standard cyclical slowdown into genuine stagflation, driven by global energy price shocks, domestic government spending cuts, and soaring food costs, according to a regional economist.

Speaking at “CFME Talks Macro Outlook: Global, Australia, New Zealand, and the Philippines” briefing hosted by Center for Financial and Monetary Economics (CFME) on Wednesday, Oct. 21, David G. Fernandez, senior fellow at CFME and visiting professor at Philippine Center for Economic Development (PCED), warned that consensus growth forecasts for 2026 have plummeted from more than five percent to around 3.2 percent.

When asked what markers signal the shift to genuine stagflation, Fernandez said: “Well, I think that we’ve crossed the line. The revisions indicate that that’s what markets are expecting.”

He added that near-term growth could fall below already lowered forecasts while inflation could exceed expectations, emphasizing that this outlook “has to do with—not [the] fault of the Philippines—but the oil prices and potentially significantly higher food prices.”

“Growth could even be below the lowered forecasts and that inflation could be even higher than the higher forecasts that people have,” Fernandez added. “I worry about is that the optimism or the consensus forecast that we get back to five percent growth and you see inflation come down could be too optimistic themselves.”

Stagflation is generally understood as the simultaneous occurrence of elevated inflation, stagnant economic growth, and high unemployment, although economists do not have universally accepted numerical thresholds for determining when an economy has entered such a period.

In his presentation, Fernandez said inflation projections have shifted sharply upward, from an initial 2.6 percent toward six percent, with headline consumer price index (CPI) inflation already reaching 7.2 percent.

He described the country’s near-term trajectory as an extreme stagflation story, with forecast revisions becoming increasingly severe and the Philippines remaining firmly “under the radar” for international investors.

The economic slowdown was reflected in second-quarter gross domestic product (GDP) growth, which fell to a post-pandemic low of 2.3 percent.

Fernandez cautioned that growth was cushioned by inventory stockpiling and a doubling of government fuel subsidies even as underlying domestic demand weakened.

He said public investment plunged by nearly 14 percent following public sector retrenchment linked to the flood control scandal, while private consumption growth dropped below three percent as family incomes were eroded by rising transport and food costs.

Fernandez said it remained very difficult to build a narrative for a strong recovery. While growth may have reached its floor, he projected that any subsequent rebound would remain shallow and well below the economy’s six-percent potential trend growth.

Compounding the energy crisis, he said, is a rapid acceleration of second-round effects, with businesses passing higher input costs on to consumers faster than in previous shock cycles.

Headline inflation reached 7.2 percent in both April and September, with Fernandez pointing to rice prices surging by more than 20 percent and transport costs climbing nearly 15 percent.

He also flagged the possibility of a “Godzilla El Niño” pushing food prices even higher, warning that consumers and policymakers may have to endure headline inflation hovering around seven percent for an extended period.

Meanwhile, Fernandez said the widening economic fallout has pushed the Philippines’ current account deficit forecast to more than four percent of GDP, underscoring the country’s vulnerability to imported energy shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economist is correct that the Philippines has crossed over into stagflation? Do you think there is nothing the national government can do to lower the prices of oil, fuel and other things that are essential for Filipinos? Do you think the national economy will fall into a recession by early 2028?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Philippines Gets Over 1,400 Pregnant Dairy Cattle from Australia

In a serious attempt to boost the Philippines’ production of milk, the National Dairy Authority (NDA) resumed the importation of dairy cattle starting with receiving over one thousand and four hundred pregnant cows from Australia, according to a news report by GMA News.

To put things in perspective, posted below is an excerpt from the news report of GMA. Some parts in boldface…

The National Dairy Authority (NDA) resumed its importation of dairy cattle after receiving 1,419 pregnant cows from Australia to boost the country’s milk production.

“After almost three years, the NDA has resumed the importation of dairy cattle and we now have a source of good quality animals to be dispersed to farmers by way of a grant to help expand the country’s dairy herd and increase local milk production,” said NDA administrator Marcus Andaya in a statement.

“More importantly, this initiative will provide qualified farmers and cooperatives with opportunities to grow their herds, produce more milk, and strengthen their livelihoods,” he added.

The importation is composed of Holstein-Jersey, purebred Holstein, and Holstein-Jersey cross breeds, the NDA said.

The agency added that a total of 150 cattle will undergo quarantine and acclimatization at the NDA stock farm in General Tinio, Nueva Ecija, while another 150 will be assigned to Ubay, Bohol, and the remaining 1,119 heads will be stationed at the Del Monte Feed Lot in Bukidnon.

With the importation from Australia, the NDA is expecting the herd population to grow to 2,527 and contribute an estimated 5.9 million liters of milk in 2027.

This projected output is equivalent to about 20% of the targeted cattle milk production for the year, the agency said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines should import thousands more pregnant cows to boost the nation’s milk production?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

WR Advisory Group: Philippines Very Risky for Investors

Based on its research covering a wide range of economic factors, financial readings and the public’s perception of governance, the WR Advisory Group finds the Philippines very risky for investors, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

Investing in the Philippines is expected to be “very risky” in the coming months, driven by economic uncertainties and growing political dissatisfaction with the Marcos administration, according to professional services firm WR Advisory Group.

Based on its inaugural Philippine Political and Country Outlook Report, WR Advisory Group assigned the country a score of 10.375 out of 25, placing it at an elevated risk level with a deteriorating outlook.

WR Advisory Group President and Chief Executive Officer (CEO) Robin Michael Garcia said the score indicates that investing in the country carries heightened risk due to ongoing economic and political factors.

“You can invest, but just know that there are risks. So if you see a potential opportunity in this period, it’s going to be risky,” Garcia said in a media briefing on Thursday, Oct. 22.

Regarding the country’s economic outlook, he noted a strong possibility of stagflation, a scenario marked by simultaneous high inflation and elevated unemployment.

Garcia added that these risks are further compounded by national government debt, which reached ₱19.07 trillion at the end of July, equivalent to 66 percent of the country’s gross domestic product (GDP).

Economic growth also slowed to 2.3 percent in the second quarter, while inflows of foreign direct investment (FDI) dropped by more than 33 percent through May.

Garcia warned that stagflation is a real possibility, particularly if the government “does not pay enough attention to economic management and economic policy.”

“The more that we think about other things, the more that the attention is going everywhere, except for solving this potential scenario,” he stressed.

Much of that focus, according to Garcia, has shifted to political controversies, including the ongoing impeachment proceedings against Vice President Sara Duterte.

While clarifying that he was not questioning the validity of the impeachment, he explained that the proceedings come at a time when Congress should be prioritizing legislative reforms to address the country’s economic challenges.

“At this time, there are a lot of economic issues. Firms care more about economic legislation and economic policy rather than mere politics,” Garcia said.

He identified politically sensitive sectors, including energy, telecommunications, mining, and banking, as the most vulnerable to these heightened risks.

The report also noted that President Ferdinand Marcos Jr.’s performance ratings continue to decline, while frequent turnover in his Cabinet poses additional stability risks for businesses.

“Senate confidence also deteriorated sharply, adding institutional strain to an already weak legislative and regulatory environment,” the report stated.

These factors are accompanied by a negative assessment of national conditions, with 68 percent of Filipinos saying that the Philippines is going in the wrong direction, according to the report.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the WR Advisory Group is correct with its analysis about the Philippines being very risky for investors? Are you convinced that foreign investors are avoiding the Philippines right now? Do you think the Philippines is going towards the wrong direction now?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

SBMA Anticipates Rising Shipments of Electric Vehicles

With the increased demand for electric vehicles (EVs) here in the Philippines, the Subic Bay Metropolitan Authority (SBMA) announced that it is anticipating the increase of shipments of the said vehicles at its port.

To put things in perspective, posted below is an excerpt from the official announcement. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) anticipates a rise in electric vehicle (EV) shipments as Subic Bay solidifies its role in the country’s evolving automotive logistics and supply chain sector.

“With its strategic location, well-established port infrastructure, and Freeport designation, Subic Bay provides significant opportunities for businesses involved in importing, exporting, distributing, and handling electric vehicles and related components,” said SBMA Senior Deputy Administrator for Operations and Logistics, Ronnie Yambao.

Recently, the Port of Subic received a shipment comprising 80 brand-new hybrid vehicles and 20 fully electric vehicles (FEVs), marking the first delivery of a renowned EV brand to the area.

These vehicles will be distributed to the consignee’s accredited car dealers within the coming weeks. The consignee aims to increase shipments to over 500 units per week, exceeding 2,000 per month, with projected revenue of PHP 6.8 million monthly.

Strategically located in Central Luzon, Subic Bay provides access to major commercial centers, industrial zones, and transportation networks across the Philippines. Its port facilities and surrounding logistics infrastructure position it as a key gateway for international vehicle shipments, including electric passenger cars, commercial electric vehicles, electric motorcycles, and EV components.

For importers and distributors, the port offers comprehensive cargo-handling capabilities, warehousing, freight forwarding, and customs brokerage services to support the seamless movement of vehicles from overseas manufacturers to Philippine markets. The increasing interest in sustainable transportation is creating new opportunities throughout the EV supply chain. Subic Bay is well-positioned to support various business activities, including the importation of fully assembled electric vehicles from international manufacturing centers.

This growth will also bolster the distribution and warehousing sectors by providing facilities for storage, inspection, inventory management, and distribution services. Additionally, it supports commercial fleet development by facilitating the supply of electric vans, utility vehicles, buses, and other fleet applications.

Subic Freeport can further assist the EV components and battery industry by streamlining the movement of charging equipment, replacement parts, and battery-related products, subject to applicable transport and safety regulations.

“Another significant opportunity lies in re-export and regional logistics, by exploring avenues to consolidate and transfer eligible vehicle shipments to other markets, in compliance with customs and trade regulations,” Yambao added.

The EV industry in the Philippines is experiencing rapid growth. The year 2026 is being heralded as the year of EVs, driven by elevated fuel costs resulting from geopolitical conflicts in the Middle East, and strongly supported by the national government’s thrust to transition from traditional fuel-powered engines to electric vehicles.

EV sales accounted for nearly one in every four vehicles sold nationwide (24.7%) between January and August 2026, a significant increase from 12% in 2025 and just 4% in 2024.

According to the Department of Energy (DOE), 66,685 EVs were sold during the first eight months of 2026 alone. This fleet is predominantly composed of Plug-in Hybrid Electric Vehicles (PHEVs) with 29,649 units, Hybrid Electric Vehicles (HEVs) with 20,716 units, and Battery Electric Vehicles (BEVs) with 16,320 units.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the increase of incoming shipments of electric vehicles at the Subic Bay port will somehow create new business opportunities for local entrepreneurs as well as customers?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

IMF Sees Sluggish Economic Growth for the Philippines this Year

In its latest economic assessment about the Philippines, the International Monetary Fund (IMF) said the nation’s gross domestic product (GDP) will grow by only 3.4% this year and it will end up as one of the weaker economics of Southeast Asia, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the news report of the BusinessWorld. Some parts in boldface…

THE PHILIPPINES could post the fifth-slowest growth in Southeast Asia this year as weak investment and elevated inflation weigh on economic activity, while unemployment is expected to rise more than previously forecast, the International Monetary Fund (IMF) said.

In its latest World Economic Outlook (WEO) released on Tuesday, the IMF expects Philippine gross domestic product (GDP) to grow by 3.4% this year, slowing from the post-pandemic low of 4.4% recorded in 2025.

This puts the Philippines behind most economies in the Association of the Southeast Nations (ASEAN). Vietnam is projected to post the fastest growth at 8.4%, followed by Malaysia (5.2%), Indonesia (5.1%), Singapore (5%), Lao People’s Democratic Republic (4.5%), and Timor-Leste (4%).

The Philippines is only expected to outpace Cambodia (3%), Thailand (2.1%), Myanmar (2%), and Brunei (1.9%) this year.

Philippine economic growth remained muted this year as the Middle East war-driven energy crisis amplified the lingering effects of the flood control mess. In the second quarter, GDP grew by a new post-pandemic low of 2.3%, bringing the first-half expansion to 2.6%.

However, the IMF expects the Philippine economy to regain momentum next year, but still below its growth potential.

“The Philippines is projected to grow by 5.1% in 2027, recovering from 3.4% in 2026,” an IMF spokesperson said in an e-mail.

“This is a robust recovery — thanks to the still elevated Philippines growth potential—which allows (the) Philippines to maintain a relatively strong pace compared with many ASEAN peers next year. However, (it is) still relatively lower than its growth potential.”

If this holds, the Philippines will be the second fastest-growing economy in ASEAN in 2027, matching Indonesia and trailing only Vietnam with 7.5%.

MAIN RISKS – For the IMF, the Philippines could rebound once confidence picks up and the energy shock fades to gradually steer investments back to the country.

However, the Washington-based multilateral lender said the economy may remain below its potential until next year if the investment backdrop remains bleak and consumer prices stay elevated.

“The main risks are renewed delays in public infrastructure investment, persistently high energy and food prices, and weaker investor confidence,” the IMF spokesperson said. “Restoring public investment while strengthening governance will be key to making the recovery durable.”

Economic managers are targeting 3.5%-4.5% GDP growth this year and 5%-6% next year until 2030.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be no economic breakthroughs for the Philippines this year? What do you think the Philippines should do to attract more new foreign investments and bring down the cost of energy? Do you think hosting the ASEAN Summit this year resulted in no real economic benefits for the Philippines?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Philippines Targets 6.4 Million International Tourist Arrivals this Year

The Philippines, which has been enduring economic weakness and high inflation for much of 2026, is targeting 6.4 million international visitor arrivals this year, according a news report by the Manila Bulletin.

To put things in perspective, international tourists/visitors is a reference to both foreign tourists and overseas Filipinos who arrived in the country. In 2025, the Philippines attracted 5.94 million foreign tourists and 543,000 overseas Filipinos which combine for a grand total of 6.48 million international tourists/visitors. That said, the Department of Tourism’s (DOT) target for 2026 technically the same when compared to what was achieved in 2025.

To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…

The Philippines expects tourist arrivals to remain flat at around 6.4 million this year amid more muted travel demand due to the ongoing fuel crisis, according to the Department of Tourism (DOT).

Tourism Secretary Dita Angara-Mathay told reporters last week that the DOT expects international visitor arrivals to remain relatively unchanged from the 6.48 million recorded last year.

“6.4 [million] is our target because I was really super anxious about the fuel crisis and the accompanying higher airline fees, as well as the lower sentiment for traveling,” Angara-Mathay said.

Even against this backdrop, Angara-Mathay said tourist arrivals remain relatively strong, having posted 3.46-percent year-on-year growth as of Oct. 6.

The latest official DOT data showed that visitor arrivals from January to August inched up by 0.8 percent to 4.42 million from 4.38 million in the same period last year.

“I was afraid that it would go down, but I don’t think that’s going to happen. I think we’ll be able to match [last year],” Angara-Mathay said.

Given the expected boost in arrivals during the holiday season, the DOT still sees room for growth this year, especially if the government approves its proposed expansion of the visa-free scheme for Chinese tourists.

The DOT is pushing to expand visa-free coverage for Chinese nationals to other gateways in hopes of opening more flights between the Philippines and China beyond Manila and Cebu.

Chinese tourists are currently allowed to enter the Philippines without a visa for stays of up to 14 days, provided they arrive through either Ninoy Aquino International Airport (NAIA) or Mactan-Cebu International Airport (MCIA).

The current arrangement has already resulted in a surge in Chinese visitors this year, with arrivals nearly doubling to 303,567 as of end-August from 156,926 a year ago.

“There is a direct correlation with taking out that friction of the visa with [increased] travel. So hopefully, everyone’s on board, unfortunately one more agency needs to be convinced,” said Angara-Mathay.

While she did not identify the agency opposing the visa-free expansion, the DOT chief emphasized that the Department of Foreign Affairs (DFA) and the Bureau of Immigration (BI) are fully on board.

The DFA authorized visa-free entry for Chinese nationals earlier this year, while BI issued the implementing guidelines.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the tourism industry of the Philippines has what it takes to attract more than enough foreign tourists and returning overseas Filipinos to exceed the DOT’s 2026 target? Do you feel uncomfortable about the Philippine government’s effort to expand visa-free coverage for Chinese nationals to other gateways? Do you prefer to see the authorities focus more on attracting more travelers from Southeast Asia and Europe? What do you think are the three biggest problems of the tourism industry of the Philippines today?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Wanted Chinese National Arrested in Parañaque City Over Human Trafficking Activities Connected with POGO Operations

Recently in the City of Parañaque, local law enforcers arrested a Chinese national who is wanted for human trafficking activities connected with illegal Philippine offshore gaming operator (POGO) operations, according to a news report by The Daily Tribune.

To put things in perspective, posted below is an excerpt from The Daily Tribune news report. Some parts in boldface…

Chinese national Huang Mingmin, who is wanted for alleged human trafficking activities linked to illegal Philippine offshore gaming operator (POGO) operations in Central Luzon, was arrested by authorities on 9 October 2026.

The Presidential Anti-Organized Crime Commission (PAOCC) said the operation was conducted with the Criminal Investigation and Detection Group–National Capital Region Regional Field Unit (CIDG-NCR-RFU) at the K1 Center Building in Barangay Tambo, Parañaque City.

The PAOCC said sustained surveillance and intelligence-gathering efforts led authorities to the location where Huang was reportedly hiding.

Huang allegedly used multiple aliases, including “Yang Bin,” “Sy Wang” and “A Bao,” to conceal his identity and evade authorities.

According to the PAOCC, Huang had also established a presence in the local business sector, acquiring real properties and fishing vessels on Jomalig Island and maintaining business interests in several establishments in Quezon province, including Mother’s Wonderland and Sea Horizon Resort, where he was reportedly identified as an owner or stockholder.

Further investigation allegedly linked Huang to Chinese nationals who facilitated and supported illegal POGO operations in Bamban, Tarlac, and Porac, Pampanga. Authorities said his alleged connections to individuals involved in the operations warranted further investigation into his role.

Court records also identify “Yang Bin,” one of Huang’s reported aliases, among the persons in control of premises covered by Search Warrant No. 41M-M-2024, issued by the Regional Trial Court Branch 81 in Malolos City, Bulacan, in connection with an alleged violation of Article 267 of the Revised Penal Code, or serious illegal detention.

The alias was also listed in Search Warrant No. 42-M-2024 in connection with an alleged violation of Republic Act No. 9208, as amended by Republic Act No. 10364, or the Expanded Anti-Trafficking in Persons Act of 2012.

Meanwhile, the alias “A Bao” was listed among the accused with arrest warrants in cases arising from joint anti-POGO operations against Lucky South Pampanga 99 and Whirlwind in Porac, Pampanga.

The case involves qualified trafficking in persons under Criminal Case No. R-PSG-25-01737-CR, pending before the Regional Trial Court Branch 157 in Pasig City.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you convinced that Chinese nationals who committed crime and maintained activities with POGOs are currently present in the city? Are there many Chinese nationals living within your local community now? Do you think POGOs are causing scamming and human trafficking in Parañaque?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City Earns Special Citation in 2026 Most Business-Friendly LGU Awards

Muntinlupa City added another prestigious honor to its record of achievements as it was cited by the Philippine Chamber of Commerce and Industry (PCCI) in the 2026 Most Business-Friendly LGU Awards, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

Muntinlupa City has been recognized by the Philippine Chamber of Commerce and Industry (PCCI) in the 2026 Most Business-Friendly LGU Awards, its second consecutive distinction.

Mayor Ruffy Biazon accepted the recognition after Muntinlupa placed in the top five of the City Level 1A category.

“Proud to share another nakakaproud feat of our City Government, Muntinlupeños!,” Biazon said.

He noted that this year’s honor mirrors the city’s achievement last year.

“Isang malaking tagumpay ito na nagpapakita ng commitment natin sa transparent governance, streamlined services, at pagbuo ng isang thriving environment para sa investors at MSMEs (This is a major achievement that demonstrates our commitment to transparent governance, streamlined services, and creating a thriving environment for investors and MSMEs),” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted that your city was cited again in the Most Business-Friendly LGU Awards? Did you create any new businesses within Muntinlupa over the past twelve months? Do you consider Muntinlupa City ready for big-time foreign investment?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

AMRO Slashes 2026 Philippines GDP Growth Forecast

The Philippines, which is currently the host of the ASEAN Summit and is also one of the economic weaklings of Southeast Asia, is predicted by ASEAN+3 Macroeconomic Research Office (AMRO) to have slower gross domestic product (GDP) growth this year, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

THE Philippine economy may continue to grow below its potential through 2027 as persistent energy shocks and weak investment weigh on activity, the ASEAN+3 Macroeconomic Research Office (AMRO) said.

In its latest ASEAN+3 Regional Economic Outlook, AMRO slashed its Philippine gross domestic product (GDP) growth projections for this year to 3.3% from its July estimate of 4.1% and for 2027 to 4.6% from 5.5%.

Both forecasts are below the National Government’s growth targets of 3.5%-4.5% for 2026 and 5%-6% for 2027.

AMRO also trimmed its inflation forecast for this year to 5.6% from 5.7% previously but raised it for next year to 4.6% from 4.1% previously.

If realized, inflation will accelerate from the 1.7% clip last year and breach the central bank’s 3% target for two consecutive years.

At a press briefing on Monday, AMRO Chief Economist Dong He noted that the Middle East war-driven energy shock took a heavy toll on the Philippine economy, significantly slowing growth while fueling inflation.

“The Philippines is one of the economies that was hit harder by the energy shock,” he said. “As you recall, when the Middle East conflict took place, the government took very swift action and they introduced a national emergency. So that, I think, helped the country galvanize towards responses towards this big energy shock.”

“But of course, growth did slow down significantly and the inflation went up very quickly,” Mr. He added.

The AMRO chief economist also noted that the Philippine economy continues to be weighed down by an investment slump following the flood control corruption scandal which broke out last year.

“Now, the Philippines also have some domestic issues that they need to deal with,” Mr. He said. “Remember, there was this flood control-related issue and that significantly slowed down public investment.”

“So, the growth outlook is very dependent on how fast public investment and construction related activities can pick up,” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there really is not much the government can do to boost economic growth this year? What is your opinion about the way the current economic managers of the Philippines are handling economic matters? Would you be surprised to see the Philippine economy fall into a recession in the first half of 2028?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Disappointing Economic Growth Ahead for the Philippines Until Mid-2028

For Capital Economics, the economic growth of the Philippines will end up disappointing by finishing below the national government’s targets until the middle of 2028, according to a news report by the Manila Bulletin. Capital Economics also sees the inflation rate of the country reaching 5.6% this year.

To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…

The Philippine economy is expected to “disappoint” until the end of the Marcos Jr. administration in 2028 as the lingering effects of the energy shock, weak business confidence, tighter fiscal policy, and El Niño weigh on recovery, according to think tank Capital Economics.

In a report last Tuesday, Sept. 29, Capital Economics forecast Philippine gross domestic product (GDP) growth at just three percent in 2026, before picking up to 4.5 percent in 2027, and 5.5 percent in 2028.

Capital Economics’ forecasts for 2026 and 2027 fall short of the government’s downgraded economic growth targets of 3.5 to 4.5 percent and five to six percent, respectively, while the 2028 projection falls within the five- to six-percent target but remains below the economy’s estimated potential annual growth of about six percent.

Despite the gradual recovery, Capital Economics noted that its growth forecasts for the Philippines from 2026 through 2028 remain below consensus estimates.

“The Philippines has been among the hardest hit economies globally by the energy shock and the recovery will be sluggish,” Capital Economics said.

The think tank noted that the Philippine economy was already on weak footing, even before the global energy crisis caused by the war in the Middle East, due to the fallout from the multibillion-peso flood-control corruption scandal. As such, GDP growth slowed further to a post-pandemic low of 2.3 percent year-on-year in the second quarter.

Capital Economics also cited that the second-quarter GDP expansion was the weakest outside the Covid-19 pandemic and the global financial crisis in 2008 to 2009, while pointing to more timely indicators such as purchasing managers’ indexes (PMIs), which have provided mixed signals on economic activity in the third quarter.

The Philippine economy grew by an average of 2.6 percent during the first half of 2026, well below the government’s full-year growth target.

Capital Economics sees elevated global energy prices keeping Philippine inflation above six percent for the rest of the year, which the think tank said would dampen consumer spending.

Headline inflation eased slightly to 6.1 percent last August, but the Bangko Sentral ng Pilipinas (BSP) expects the September rate to settle within the 6.4- to 7.4-percent range, potentially accelerating amid higher oil and food prices, plus a weaker peso.

Inflation averaged 5.2 percent during the first eight months of 2026, way above the government’s two- to four-percent target band for manageable year-on-year consumer price hikes.

Capital Economics expects Philippine inflation to average 5.6 percent this year, before easing to a within-target three percent next year and 2.3 percent in 2028.

Let me end this post by asking you readers: What is your reaction to this recent development? Considering all the factors and what has happened economically over the past six months, are you convinced that there is no way to boost the nation’s economic growth this year? Do you think the government has been negligent with economic management? Do you find it ironic that as host of the ASEAN Summit, the Philippines is looking like the economic weakling of ASEAN?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

P50-million Expansion Facility of New Asahi Group Subic Trading Corp. in Subic Bay Freeport Zone Inaugurated

New Asahi Group Subic Trading Corporation – a dynamic commercial vehicle dealership and direct importer specializing in reconditioned Japanese surplus trucks and other types of industrial machines – formally inaugurated its P50 million facility inside the Subic Bay Freeport Zone (SBFZ), according to the official announcement by the Subic Bay Metropolitan Authority (SBMA).

To put things in perspective, posted below is an excerpt from the official announcement. Some parts in boldface…

Reflecting the robust growth of the trucking industry within the Freeport zone, New Asahi Group Subic Trading Corp. inaugurated its PHP 50-million expansion facility at the Tipo Hightech Eco Park (THEP) on September 21, 2026.

“The Subic Bay Metropolitan Authority (SBMA) takes great pride in developments like this,” said SBMA Chairman and Administrator Eduardo Jose L. Aliño. “A Freeport’s strength lies in the enterprises that choose to invest, expand, and remain within its borders.”

Aliño noted that New Asahi Group’s decision to consolidate its expertise in sourcing, importation, reconditioning, fabrication, and after-sales support under the Apex Trucks brand, and to do so here in Subic, is a strong vote of confidence in both the Freeport and the favorable business (climate) that the SBMA diligently maintains.

The expansion spans 5,231.60 square meters within THEP and is projected to create 25 additional jobs. The facility will handle importation, exportation, transshipment, warehousing, rebuilding, and trading of trucks, buses, as well as heavy and industrial equipment.

New Asahi Group Subic Trading Corporation specializes in the dealership and importation of commercial vehicles, focusing on reconditioned Japanese trucks, heavy equipment, and industrial machinery. Operating under the Apex Trucks name, the company is involved in the import, export, transshipment, storage, rebuilding, and wholesale of trucks, buses, heavy and industrial equipment, along with new and used spare parts and accessories.

The inauguration ceremony was graced by prominent figures including SBMA Chairman Eduardo Jose L. Aliño; New Asahi Group Chairman Ahamed Mohamed Mohamed Hussain; President Shukry Hussain; CEO Riza Nazeer; SBMA Senior Deputy Administrator for Business & Investment Barney W. Lee III; and Olongapo City Mayor Atty. Rolen C. Paulino, Jr., who collectively led the ribbon-cutting.

Representatives from the Embassy of Sri Lanka in the Philippines, along with Xantheng (Subic) International Corporation (XSIC) President Simon Su and XSIC Vice-President for Operations Kelly Uy, were also in attendance.

Subic Bay Freeport Zone continues to manage a consistent inflow of truck and heavy equipment imports through its major locators.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that this expansion inside the SBFV will inspire the remaining freeport investors to maintain their operations?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Strategic Partnership Between SBMA and Hellenic ASEAN Business Council Established

Economic cooperation and growth between the Philippines and Greece got boosted recently as a result of the Subic Bay Metropolitan Authority (SBMA) and Hellenic ASEAN Business Council (HABC) formally signing the Memorandum of Understanding (MOU) which sealed a strategic partnership, according to the official announcement by the SBMA. As of this writing, five foreign companies have expressed interest to invest within the Subic Bay Freeport Zone.

To put things in perspective, posted below is an excerpt from the official announcement. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) and the Hellenic ASEAN Business Council (HABC) have formalized a strategic partnership through a Memorandum of Understanding (MOU) to enhance economic cooperation and growth between Greece and the Philippines.

The MOU was signed on 17 September 2026 at Building 225 in Subic Bay Freeport by SBMA Chairman and Administrator Eduardo Jose L. Aliño and HABC Chairman Nick Stasinopoulos. The agreement aims to promote bilateral trade, investment, tourism, logistics, maritime cooperation, infrastructure development, and sustainable economic growth, leveraging active engagement from both private sectors and institutional partners.

This collaboration will spotlight investment opportunities within the Subic Bay Freeport Zone (SBFZ) and facilitate business matching, trade delegations, and commercial ventures in key sectors. Specific areas of focus include shipbuilding, ship repair, port operations, logistics, marine maintenance, tourism, cruise terminal development, and waterfront enhancements.

“Subic Bay has evolved into one of the Philippines’ premier investment and economic hubs,” said Aliño. “We are proud to welcome HABC and the broader Hellenic business community as partners in this promising new chapter. This agreement represents a shared commitment to fostering enduring ties that will benefit both our nations for years to come.”

Stasinopoulos emphasized the significance of the pact, noting, “Today’s signing marks a vital milestone in strengthening the relationship between Greece and the Philippines. Our partnership builds on ongoing dialogues, visits, and direct exchanges between both sides.”

Highlighting the maritime sector’s role, he added, “The synergy between our countries is undeniable — Greece is home to the world’s largest maritime communities, while the Philippines is a key contributor to the global maritime workforce. Subic Bay has emerged as a crucial maritime and economic hub, integrating port operations, logistics, manufacturing, and investment.”

The HABC chairman outlined the council’s objectives under the agreement: “We aim to facilitate greater exchanges between Greek and Philippine maritime stakeholders, identify mutual investment opportunities, foster business partnerships, and encourage the sharing of knowledge and expertise.”

Five companies have already expressed interest in investing within the SBFZ, including ERMA Tech Group, a global leader in sustainable maritime technologies specializing in decarbonization, water and wastewater treatment, and marine equipment solutions. Also among the interested investors is Fontanakis Ship Repair, a Piraeus-based Greek company specializing in ship repairs, dry-docking services, engineering studies, and yacht building and restoration.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that trade and cooperation between Greece and the Philippines will create positive economic impact in the near future? Do you think this will make the Subic Bay Freeport Zone even more attractive to foreign investors?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Department of Tourism Adjusts Strategy Toward Investment, Jobs and Connectivity

Remember a few years ago when the Department of Tourism (DOT) unveiled an ambitious plan to establish the Philippines as a major tourism player in Asia? A lot has changed since then as economic growth of the country has slowed down tremendously and there is not much it can do to compete with others when it comes to attracting a lot of foreign tourists. That said, the DOT under its new leader is not only doing a campaign rebrand but also a notable adjustment of its strategy toward investment, jobs and connectivity, according to a news report by The Daily Tribune.

To put things in perspective, posted below is an excerpt from the news report of The Daily Tribune. Some parts in boldface…

The Department of Tourism (DOT) is shifting its focus beyond visitor arrivals, placing greater emphasis on investments, infrastructure, connectivity, jobs and higher tourism revenues as it seeks to build a more competitive and sustainable industry.

Tourism Secretary Dita Angara-Mathay said the agency is pursuing an investment-driven and people-centered approach as the sector continues to make a significant contribution to the economy.

The Philippine Statistics Authority (PSA) reported that tourism accounted for 8.1% of the economy in 2025, generating P2.27 trillion in Tourism Direct Gross Value Added and supporting 7.70 million jobs.

“We want to be defined as an agency that’s proactively taking the lead in tourism readiness. This means strengthening our airports and gateways, improving our physical tourism infrastructure, and expanding air connectivity, so our visitors can move seamlessly across the country,” Angara-Mathay said.

The DOT is working with the Department of Transportation and other stakeholders to expand flights and establish air and sea links with strategic and emerging markets. From January 1 to May 19, international air seats on direct inbound flights reached 7.78 million, up 8.31% from the same period in 2025.

China was among the fastest-growing markets, with 310,000 arrivals during the period, up 69.15% year-on-year. The Philippines also secured expanded air services with Türkiye, doubling Manila-Istanbul flights to 14 weekly and opening frequency rights for secondary gateways.

To attract more investment, the DOT is implementing programs focused on tourism investment readiness, intelligence, accountability and strategic investor engagement. It has also begun developing partnerships in Japan, including potential projects involving a specialty medical clinic and telecommunications infrastructure in underserved destinations.

The agency is also pushing for a larger tourism marketing budget, with about 70% of its planned 2027 marketing allocation expected to go toward digital campaigns and media placements.

At the same time, the DOT is expanding support for tourism MSMEs through partnerships with Klook, GCash, Viber, Mastercard and Visa, while strengthening accreditation, workforce training and tourism data systems.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT will be able to make the tourism sector of the Philippines more attractive towards investors and large businesses that could potentially add a lot of economic value? How many news tourism jobs do you think could be created by the middle of 2028?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Subic Bay International Airport Swiss Challenge Bidding Reset Again

The anticipated Swiss challenge bidding for the Subic Bay International Airport (SBIA) has been reset once more as the Subic Bay Metropolitan Authority (SBMA) extended again the deadline for the submission of comparative proposals as a result of making corrections on bidding parameters, according to a BusinessMirror news report.

To put things in perspective, posted below is an excerpt from the BusinessMirror report. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) has again extended the deadline for the submission of comparative proposals for the Subic International Airport (SIA) project after making corrections on bidding parameters for the P6.2 billion project to transform the Subic airfield into a modern high-capacity cargo and logistics hub.

In a bid bulletin, the SBMA Prequalification, Bids and Awards Committee (PBAC) said it will issue the final draft PPP (public-private partnership) contract or final bid bulletin on October 15, instead of September 29 as scheduled earlier.

Consequently, the opening of qualification documents from bidders will be held on November 16, instead of October 29, the SBMA-PBAC added.

The revised bidding schedule came about alongside corrections made by the SBMA on the bid parameters that defined the guaranteed fixed annual payment for the 25-year development contract.

The SBMA-PBAC clarified that while the base concession remittance amount submitted by the challenger for Contract Year 1 shall apply to the first seven years, the same shall be subject to an annual escalation of 1.5 percent beginning Contract Year 8 until its expiry on the 25th year.

The PBAC also clarified that the bid amount should be expressed as a fixed amount in Philippine pesos, and not as a percentage.

Following the revised bidding schedule, the SBMA also set the deadline for payment of participation fees by challengers at seven calendar days before the deadline of submission and opening of the comparative proposals. The participation fee has been set at the non-refundable amount of P1.4 million.

This was the second extension made for the bidding after the formal launch of the Swiss challenge for the Subic airport project on April 28 this year.

The SBMA opened the Subic airport project for comparative proposals, or Swiss challenge, after approving the unsolicited proposal by original proponent Cerberus Asia Pacific Investments LLC.

Cerberus Asia Pacific, a key affiliate of the New York-based alternative investment firm Cerberus Capital Management, presented its original proposal to the SBMA on March 26 last year.

The project includes the rehabilitation and comprehensive upgrading of existing facilities to restore them to full operational condition; operational and infrastructural improvements to enhance airport safety and regulatory compliance; and development of new airport infrastructure and acquisition of equipment to expand airport capacity, improve operational efficiency, and support new service offerings.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the corrections made by the SBMA will turn out final and legally sound so that the bidding can finally push through?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippines 2026 Growth Outlook Sharply Downgraded by S&P and ADB

It looks like there is no end yet for the ongoing economic disappointment for the Philippines as S&P Global Ratings and the Asian Development Bank (ADB) sharply downgraded their respective 2026 growth forecasts for the country, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

S&P GLOBAL RATINGS and the Asian Development Bank (ADB) sharply downgraded their Philippine growth forecasts for this year as a weaker-than-expected first half and persistent economic headwinds threaten to stall the country’s recovery.

Based on its latest Economic Outlook for Asia-Pacific published on Wednesday, S&P cut its Philippine gross domestic product (GDP) growth projection for this year to 2.9% from 4.1%.

“We have lowered our growth forecast for 2026, reflecting the weaker-than-expected first-half growth and a more gradual recovery trajectory,” S&P Global Ratings Asia-Pacific Senior Economist Vishrut Rana said in an e-mailed response to questions. “It will take some time for the economy to recover its footing.”

At the same time, ADB trimmed its 2026 Philippine GDP growth projection to 3.3% from the 3.8% forecast it made in July.

“In the Philippines, weak public investment contributed to the 2026 downgrade from 3.8% to 3.3%, although a rebound is expected to support growth of 5.1% in 2027,” the Manila-based multilateral lender said in its Asian Development Outlook report released on Wednesday.

The ADB said that household consumption remained subdued amid high inflation and weak consumer confidence.

According to the ADB report, the Philippines is expected to be one of the slowest-growing economies in developing Southeast Asia this year, ahead only of Brunei Darussalam (1.2%), Thailand (2%) and Myanmar (2.2%). Vietnam is expected to post the fastest growth this year with 7.8%, followed by Indonesia (5.2%), Malaysia (4.9%), the Lao People’s Democratic Republic (4%), Timor-Leste (4%) and Cambodia (3.9%).

The lower growth projections from S&P and ADB come after the Philippine economy grew by 2.3% — a new post-pandemic low — in the second quarter, bringing first-half growth to 2.6%.

If S&P and ADB’s estimates hold, GDP growth will be slower than 4.4% in 2025, when a massive flood control corruption mess dampened the country’s spending and investments.

This year could also mark the fourth straight year that the government will miss its full-year growth goal. For this year, the Development Budget Coordination Committee (DBCC) is targeting 3.5%-4.5% GDP growth.

“The economy is facing a sharp pullback in public capital expenditure, a steep energy price shock, and elevated food prices, partly due to El Niño conditions,” S&P’s Mr. Rana said.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you notice how the national economy got weaker as the government of the Philippines focused more on foreign affairs and the hosting of the Association of Southeast Asian Nations (ASEAN) Summit? Are you convinced there is simply no room for economic improvement for the Philippines this year? Do you think the Philippines is on its way to falling into a recession in 2027?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

BCDA Sees Investments Exceeding P100 Billion on Pax Silica

2026 has been a very disappointing year for the Philippines in terms of economic growth, foreign investments, inflation and foreign exchange. There is still hope, however, with the ambitious Pax Silica initiative. That said, the Bases Conversion and Development Authority (BCDA) sees investments worth over P100 billion on Pax Silica, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

INVESTMENT APPROVALS of the Bases Conversion and Development Authority (BCDA) are expected to exceed P100 billion this year, fueled by growing investor interest in New Clark City and upcoming projects under the US-led Pax Silica initiative.

“If we count the whole year, we will breach P100 billion in investments,” BCDA President and Chief Executive Officer Joshua Bingcang said during a forum hosted by the Foreign Correspondents Association of the Philippines on Monday.

“In a few years, we might be at the same level of the BoI (Board of Investments) in terms of investments generation,” he said.

The BCDA’s project pipeline includes the P25-million expansion of logistics apron and access roads, as well as the construction of a P155-million runway in Clark International Airport (CIA).

Also in its pipeline is the construction of a P1.4-billion apron to support logistics firms within CIA, along with a P10-billion runway and taxiway project.

“Last week, we approved the procurement for the construction of the apron. It will serve as the parking space for FedEx and UPS planes, and other logistics companies going to put up business in Clark,” Mr. Bingcang said.

Mr. Bingcang also noted that Science Park of the Philippines, Inc. is building a 106-hectare industrial park in New Clark City. Construction is expected to begin within the fourth quarter of this year.

BCDA also plans to sign a memorandum of agreement with the Home Development Mutual Fund (Pag-IBIG Fund) to build economic housing units in New Clark City for workers based in the area.

He also said that the National Commission on Indigenous Peoples (NCIP) has issued a no-objection letter for the North-South Commuter Railway (NSCR).

“So, we’re seeing now the greenlight for this project to extend all the way to New Clark City,” Mr. Bingcang said.

The 147-kilometer NSCR will connect Malolos, Bulacan with Clark International Airport, and Tutuban, Manila with Calamba, Laguna.

The BCDA is also looking to bid four hectares of land near the Market! Market! commercial property in Taguig City by the first quarter of 2027.

“Only the mall was renewed by Ayala Land, Inc. The rest will be open for public bidding… that will be the site for the Mega Manila subway station in BGC (Bonifacio Global City),” Mr. Bingcang said, noting that about four Japanese developers are interested in the property.

Meanwhile, Trade Undersecretary Ceferino S. Rodolfo said the artificial intelligence (AI)-native industrial hub in New Clark City in Tarlac under the US’ Pax Silica bloc is one of several “nodes” that will build the “Philippine technology corridor” connecting the technology value chain across manufacturing, minerals, talent, and digital infrastructure.

“Viewed separately, they are projects, but viewed through the AI lens, they become an ecosystem that creates long-term competitive advantage,” Mr. Rodolfo said at the same event.

He said the technology corridor also includes the National Capital Region (integrated circuit design hub), Batangas (an AI compute hub), Bulacan (wafer fabrication facility) and Mindanao (minerals).

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think potential huge investments on Pax Silica will be realized in the near future? Do you think a lot of people here in the Philippines lack a full understanding of Pax Silica?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

American Companies Express Strong Interest to Invest in Luzon Economic Corridor

During the Luzon Economic Corridor Investment Forum recently held at the Best Western Hotel inside the Subic Bay Freeport Zone, representatives of several American companies expressed strong interest to invest in the Luzon Economic Corridor (LEC), the Subic Bay Metropolitan Authority (SBMA) revealed.

To put things in perspective, posted below is an excerpt from the SBMA announcement. Some parts in boldface…

Representatives from approximately 50 U.S. companies have expressed strong interest in investing in the Luzon Economic Corridor (LEC), a key economic zone recognized for its strategic role in the logistics sector.

Leading the delegation was Thomas R. Hardy, Deputy Director and Chief Operating Officer of the U.S. Trade and Development Agency (USTDA), during the Luzon Economic Corridor Investment Forum held at the Best Western Hotel, Subic Bay Freeport.

Joining the delegation consisting not only of American businesses, were representatives from international companies, development partners, and major financial institutions seeking to explore business opportunities within Subic Bay Freeport and the broader LEC region.

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño, together with other SBMA officials, warmly welcomed the delegates. They were joined by stakeholders from the Subic Bay International Terminal Corporation (SBITC) and other freeport investors aiming to engage in productive Business-to-Business (B2B) engagements, addressing inquiries from the visiting foreign companies.

“As the host of the Subic leg of the LEC Investment Forum, this delegation has a unique opportunity to participate in meaningful B2B discussions, tour Subic Freeport, and explore avenues for deepening economic integration across the Luzon Economic Corridor. Participants are highly encouraged to explore investment opportunities, pathways to collaborate, and how they can positively impact the success of the LEC initiative,” said Chairman Aliño.

Sponsored by the USTDA, Aliño emphasized that this visit highlights Subic Bay Freeport’s vital role in the LEC’s foundational tripartite partnership among the Philippines, the United States, and Japan.

He further noted that the LEC project has since expanded to include partners from Australia, Canada, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom. “This is excellent news for Subic Bay as a critical western maritime gateway and strategic logistics hub, connecting major centers such as Clark, Manila, and Batangas. It underscores our commitment to advancing infrastructure, enhancing supply chain resilience, and attracting technology investments within the corridor,” Aliño added.

In line with these developments, the USTDA reaffirmed its support for secure, robust, and resilient supply chains by facilitating the expansion of port infrastructure at Subic Bay.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that the American companies that attended the important forum will indeed push through with investing in the Luzon Economic Corridor in the near future? Do you think their investment plans will create a lot new job opportunities for Filipinos?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Noel Bazaar in Filinvest Tent, Alabang Set for December 17 to 20

If you are looking for a lively Christmas shopping experience here in Alabang, be aware that the popular Noel Bazaar will be held at the Filinvest Tent from December 17 to 20, 2026. Each day of the bazaar starts at 11AM and will last until 9PM.

To be clear, the Alabang bazaar will be the 2nd bazaar to be organized by Noel Bazaar this year.

In its September 7 social media post, Noel Bazaar stated the following:

Wondering what’s waiting for you at Noel Bazaar 2026?

It’s more than just Christmas shopping! From exciting local finds, delicious holiday treats, and unique gifts to fun workshops, special activities, and the GMA Ukay-Ukay, there’s something to make every Christmas visit extra memorable.

So start making that Christmas list, tag your shopping buddies, and get ready to discover what’s in store this year!

Noel Bazaar already promised that there will be a wide selection of sellers that collectively have a lot of products to offer shoppers such as clothes, accessories, footwear, home décors, handmade crafts, food items, and other items that can be ideal for Christmas gift-giving.

Apart from the shopping experience, Noel Bazaar has prepared special activities to entertain shoppers.

In preparation for the Noel Bazaar in Alabang, you can find the precise location of Filinvest Tent by clicking https://maps.app.goo.gl/JR9CHWQtSM8JLbYv9

While Filinvest Tent has its own parking area, parking spaces are limited. There are others nearby places that offer paid parking such as Commercenter and South Supermarket.

Watch out for Noel Bazaar in Alabang this December 17-20.

Let me end this post by asking you readers: Are you looking forward to Noel Bazaar in Alabang this December? If you have visited a Noel Bazaar in the past, how was your shopping experience and were you able to find the items you wanted?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippines Economic Growth May Fall Behind Southeast Asian Neighbors

In the latest economic analysis of Bank of America (BofA), the Philippines may end up behind its Association of Southeast Asian Nations (ASEAN) neighbors in terms of economic growth, and it could also mark another year of failing to hits is growth target, according to a report by BusinessWorld.

This is not surprising as the Philippines did not benefit economically from hosting the ASEAN Summit while it endured high inflation, weak gross domestic product (GDP) growth and lower foreign direct investment (FDI) inflows this year.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

THE PHILIPPINE ECONOMY may be among the slowest growing in Southeast Asia this year, as weak domestic demand keeps growth below its potential, Bank of America (BofA) said.

In a report dated Sept. 8, BofA Global Research kept its gross domestic product (GDP) forecasts for the Philippines at 2.5% in 2026 and 3.5% in 2027.

For 2026, this projection puts the Philippines on par with Thailand as the slowest-growing economies among the Association of Southeast Asian Nations (ASEAN) members included in the report.

The two countries are expected to trail Vietnam (8.2%), Indonesia (5.3%), Malaysia (5.2%), and Singapore (5.1%) this year. If BofA’s forecasts hold, the Philippines will miss its growth target for five straight years. Economic managers are targeting 3.5%-4.5% GDP growth this year and 5%-6% in 2027-2030.

“In second half of 2026, we see GDP growing 2.5% with gentle gains in consumption and the bottoming of investment spending,” BofA China & Asia Economist Helen Qiao and Asia Economist Ting Him Ho said.

“Government spending may help mitigate the effects of the oil shock by aiming subsidies at consumer and transport groups most affected,” they added.

The Philippine economic growth slumped to a post-pandemic low of 2.3% in the second quarter, bringing first-half growth to 2.6%. Economic managers said that last year’s flood control corruption scandal continued to weigh on public construction and investments, while the Middle East war-driven energy shocks dampened household spending.

“Domestic demand grew only 0.9% in 2Q26 with net trade providing the lift to overall GDP,” the BofA economists also noted. “Within domestic demand, private consumption slowed, investments shrunk, and government spending was unable to fully cushion.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will continue to be the economic weakling of ASEAN this year? Has the weak economic growth of the Philippines affected you in many ways?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

American Funding Aims to Turn Subic Bay Port into Gateway for planned AI Industrial Hub

In a serious bid to encourage more investments into the Philippines, the United States of America will be providing financial support for feasibility studies on the proposed expansion of the facilities at the port of Subic Bay as well as the establishment of public WiFi access points in key locations, according to a Manila Bulletin news report. These developments point to turning the Subic Bay port into a key gateway for the planned artificial intelligence (AI) industrial hub while improving WiFi access with the nation in mind.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

The United States (US) is providing funding support for feasibility studies on the proposed expansion of port facilities at Subic Bay and the establishment of public WiFi access points in a bid to encourage more investments into the Philippines.

The US Trade and Development Agency (USTDA) said on Thursday, Sept. 10, that it will provide a grant to ship repair firm Subic Drydock Corp. (SDC) for a feasibility study to advance the expansion of a key port ship repair facility.

SDC will secure the services of a California-based engineering consulting firm to conduct the study, according to the USTDA.

The study is expected to support the technical and engineering design to expand SDC’s existing berth within the Subic Bay Freeport Zone to accommodate larger vessels.

The expanded capacity will help meet the growing demand for ship repair and maintenance services, reinforcing Subic Bay’s strategic role in the Luzon Economic Corridor (LEC).

Subic Bay is one of four major economic hubs within the LEC that is set to play a critical role in the corridor’s economic development.

Established by the Philippines, US, and Japan, the LEC intends to enhance connectivity between Subic Bay, Clark, Manila, and Batangas, which account for approximately 50 percent of the country’s gross domestic product (GDP).

Earlier, the Port of Subic Bay was designated as the “preferred maritime gateway” for the planned artificial intelligence (AI) industrial hub in New Clark City.

The port is expected to handle the import, export, handling, storage, and transport of the inputs necessary to support the advanced manufacturing operations in the industrial hub.

Meanwhile, the USTDA will also provide a funding grant to Uy-led ComClark Network and Technology Corp. for the proposed creation of a nationwide network of public WiFi access points.

ComClark has selected California-based advisory services firm Connectivity Capital LLC to conduct the feasibility study, the agency said.

The study covers the pilot implementation of AI-enhanced WiFi access points at six sites to determine market demand, technical requirements, commercial feasibility, and financial projections.

The USTDA said the findings of the study would help lay the groundwork for a potential deployment of the access points at nearly 8,000 locations by 2030, which is expected to widen access to reliable connectivity in the country.

USTDA Deputy Director Thomas Hardy said funding support for the two feasibility studies helps reinforce the US’ commitment to supporting the Philippine government’s and private sector’s infrastructure priorities.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you welcome the American funding for the Subic Bay port facility improvements as well as the enhancement of public WiFi access? What is your opinion about the economic potential of the Luzon Economic Corridor?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Sip & Stroll: An Early Christmas Bazaar inside Alabang Hills Village on November 21 and 22

If you want to do early shopping for Christmas, then you should watch out for Sip & Stroll: An Early Christmas Bazaar which will take place on November 21 and 22 (Saturday and Sunday, 10AM to 8PM), 2026, at the Phase 2 Park Grounds inside Alabang Hills Village.

Having attended Christmas bazaars inside Alabang Hills Village myself many times in the past, I anticipate that there will be a lot of sellers who will collectively offer a lot of options to shoppers such as clothes, handcrafted materials, home décor, footwear, accessories, toys, food and beverages, and many other things that can make good gifts to give with Christmas in mind.

The Alabang Hills Village Association (AHVA) first announced the early Christmas bazaar through its website with a message aimed at the village residents. Alabang Hills residents were given 15 days to register as bazaar sellers/vendors.

Sponsorship packages – On September 16, the AHVA announced that it is searching for bazaar partners and they offered four partnership packages with varying rates. The three highest packages include sponsor booths, mentions in event circulars, display of tarpaulins and more. For transparency, look at the image below and pay attention to the details.

As mentioned earlier, the Phase 2 Park Grounds is where the bazaar will be held. Locate there are basketball court and the badminton court which were used in previous bazaars. For the location of the Phase 2 basketball court, click https://maps.app.goo.gl/ofBxyXKYkaTV2Sxs7

For the location of the Phase 2 badminton court, click https://maps.app.goo.gl/5FtjVuTaroRUqrN29

Non-residents who have private vehicles (without Alabang Hills Village stickers) and intend to attend the bazaar, be ready to leave your ID card at the village gate and tell them were you are headed. Once inside, it is a must that you should follow their rules and speed limits at all times.

If you have inquiries for Sip & Stroll: An Early Christmas Bazaar, send your email to [email protected]

Let me end this post by asking you readers: Are you looking forward to Sip & Stroll: An Early Christmas Bazaar this November? If you have visited a Christmas bazaar inside Alabang Hills Village in the past, how was your shopping experience and were you able to find the items you wanted?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Foreign Direct Investment (FDI) Net Inflows Fall 18% in First Half of 2026

In what is clearly another sign that the Philippines is the economic weakling among the members of the Association of Southeast Asian Nations (ASEAN), foreign direct investment (FDI) net inflows into the country fell by 18% during the first half of this year, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…

Foreign direct investment (FDI) net inflows into the Philippines contracted 18 percent in the first half of the year to ₱211.3 billion from ₱257.5 billion recorded in the same period last year, weighed down by higher borrowing costs and geopolitical friction.

Data released on Thursday, Sept. 10, by the Bangko Sentral ng Pilipinas (BSP) showed that the cumulative six-month decline was driven by reduced intercompany borrowings and lower retained earnings, which undercut gains in net equity capital investments.

The central bank noted that FDI pulled back on intercompany lending to their domestic subsidiaries while retaining fewer earnings for local reinvestment.

Among individual components, net investments in debt instruments—which include intercompany borrowing between foreign investors and local affiliates—fell 26 percent in the first half to ₱128.8 billion from ₱173.8 billion a year earlier.

Reinvestment of earnings slipped 19 percent over the same period to ₱51.8 billion, compared with ₱64.4 billion in the previous year.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the cumulative decline in foreign inflows largely stemmed from the fallout of war in the Middle East.

Ricafort said the conflict fueled slower economic activity, sustained inflation, and elevated borrowing costs globally, ultimately raising the cost of direct investment.

Despite the broader downward momentum, net equity capital investments excluding reinvested earnings posted a sharp rebound, surging 59.4 percent to ₱30.6 billion from ₱19.2 billion a year ago. Total equity capital placements climbed to ₱45.3 billion, easily outpacing ₱14.8 billion in withdrawals.

Inflows during the first half originated mostly from Japan, the United States (US), and Singapore, with capital primarily directed toward manufacturing, financial and insurance activities, alongside real estate development.

On a monthly basis, FDI rebounded in June, expanding 35 percent year-on-year to ₱27.9 billion. Even with the bounce, June marked the second-lowest monthly total of the first semester.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the government’s economic managers should do to attract more FDI? Do you think the Philippines will fall into a recession in 2027 or in the first half of 2028? Are you convinced that hosting the ASEAN Summit will not lead the Philippines to any economic improvements?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

DOT Expects Philippines Tourism Growth with Campaign Rebrand

The Department of Tourism (DOT) is expecting tourism growth for the Philippines as it makes a serious brand adjustment with its “Love the Philippines” campaign, according to a news report by BusinessWorld.

For insight, the Philippines counted 4.11 million foreign tourist arrivals for 2026 as of August. While the Philippines remains an international tourism weakling as well as an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN), domestic tourism is actually thriving.

To put things in perspective, posted below is an excerpt from the news report of the BusinessWorld. Some parts in boldface…

The Department of Tourism (DoT) said that changing its branding direction in its Love the Philippines campaign will help boost the country’s tourism growth.

“Upon entry into the office, the first mandate that I had carried out was to change the tone of voice of the Department of Tourism with regard to how it communicates to the public,” DoT Assistant Secretary for Branding and Marketing Communications Armand Lorenze “Ren” Sapitan told lawmakers in a House Committee on Appropriations budget hearing.

“We didn’t have to change the members of branding and the marketing team,” he added. “The only thing that we adopted was a change in direction.”

Mr. Sapitan noted that the agency will shift how it approaches the Love the Philippines campaign instead of replacing it through its Discover More to Love program.

“We would not change this campaign because we recognize that the administration only has two years left,” he said. “What we are changing is how we approach the campaign.”

“The way we relate to the people, the way we promote, the way we market our tourism destinations,” he added.

The Discover More to Love program aims to highlight local destinations by partnering with companies, offering travel bundles and discounted offers.

“The Sun Group actually not only invests in marketing, but they also invest in the entire ecosystem,” Tourism Secretary Dita Angara-Mathay explained, citing the agency’s relationship with the private sector.

“The tourist attractions, from hotels, the accommodation, the entire village – that’s the kind of investment that is complete; it’s almost like a subsidy,” she added.

Filipino talents BINI and SB19 were also named as the country’s tourism ambassadors who will support the push for domestic travel.

The DoT earmarked a P4.03 billion budget under the 2027 National Expenditure Program (NEP), down 4.6% or P196 million from the approved P4.23 billion budget for 2026.

Of the proposed budget, P1 billion will fund branding campaigns, mostly for overseas marketing (60%) and domestic efforts (40%).

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think that the Philippines will be able to attract more foreign tourists this year? Do you think the DOT’s recent moves will boost both domestic and international tourism for the Philippines?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

SBMA Offers Exemptions and Incentives for P7 Billion Subic Bay International Airport Modernization

The Public-Private Partnership (PPP) Center confirmed that the company that wins the bid for the P7 billion Subic Bay International Airport (SBIA) project will receive exemptions and incentives that include exemptions from national and local taxes, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

The winning bidder for the ₱7-billion concession to transform Subic Bay International Airport (SBIA) into a world-class logistics hub will receive a generous government incentives package, including national and local tax exemptions.

The Public-Private Partnership (PPP) Center noted that the project’s implementing agency, the Subic Bay Metropolitan Authority (SBMA), will offer a competitive slate of incentives to support long-term private investment.

Under the Special Corporate Income Tax (SCIT) regime, the winning operator may qualify for a five percent corporate income tax rate for up to 16 years, with the possibility of an extension subject to eligibility requirements.

As long as it is registered as an export enterprise with the SBMA, the concessionaire will be exempt from all national and local taxes under the SCIT regime.

It may also enjoy exemptions from customs duties and value-added tax (VAT) on imports, along with zero-rated VAT on qualified local purchases.

Beyond fiscal incentives, the project also opens up commercial opportunities outside standard airport operations. The operator can generate additional revenue through cargo handling, warehousing, commercial leasing, logistics services, and other non-aeronautical ventures.

“The SBIA project offers a compelling opportunity for the private sector to partner with the government in developing one of the Philippines’ most strategic aviation and logistics gateways,” the PPP Center said in a statement.

The SBMA recently launched a comparative challenge for the airport’s modernization and expansion, which originated from an unsolicited proposal by United States-based Cerberus Asia Pacific Investments LLC.

Under this process, interested firms may submit competing offers against the original proposal. As the original proponent, Cerberus retains the right to match or beat the best offer.

Cerberus, which has assets across transportation, real estate, and other sectors, wants to manage the SBIA under a 25-year operate-rehabilitate-add-transfer (ORAT) scheme, with an investment cost of around ₱7 billion.

The concession aims to develop the gateway, located northwest of Manila, into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA), especially as demand for air cargo continues to grow.

The project will focus on upgrading existing airport facilities to align them with international standards, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

The SBIA is poised to support logistics and aviation growth through the development of the airport’s midway apron, which will consist of two warehouse buildings with a total floor area of 22,400 square meters (sqm) and a 32,000-sqm aircraft staging and parking area.

The north airport land development, meanwhile, covers an additional 88,000 sqm across four parcels of land for warehouse facilities, a hangar, a storage facility, and additional apron space.

To ensure proper development of the project, SBMA will assist the private partner in securing the necessary approvals for implementation and facilitating permits and regulatory coordination.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Subic Bay International Airport project will attract a lot of bidders from overseas? Do you believe the modernization of SBIA will add a lot to the economy of the Philippines in the long-term?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA Port Operations Revenue Grows 8% in First Half of 2026

Even though global economic headwinds were very challenging and the economy of the Philippines continued to slow down, revenue of the Port Operations Group of the Subic Bay Metropolitan Authority (SBMA) reached P874 million in the first half of 2026 (8% higher compared to the same period last year), the authorities confirmed.

To put things in perspective, posted below is an excerpt from the official announcement of the SBMA. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) today disclosed a robust 8% increase in consolidated gross revenue from its Port Operations Group, reaching Php 874 million in the first half of 2026, compared to Php 806 million in the same period last year.

This growth was propelled by stronger earnings in the Seaport and Trade Facilitation and Compliance Department (TFCD), despite ongoing global economic challenges.

SBMA Deputy Administrator III for Operations Group, Ronnie Yambao, attributed the positive performance to strategic initiatives that balanced growth with stakeholder support.

“We successfully navigated a complex global environment while implementing discount measures totaling approximately Php 81 million. These were aligned with Executive Order No. 110 of President Ferdinand R. Marcos, Jr., aimed at mitigating disruptions caused by the fuel supply crisis linked to the Middle East conflict,” Yambao explained.

Breaking down the revenue contributions for H1 2026:

• The Seaport Department continued to be the primary revenue driver, contributing 78% of the consolidated gross income with Php 683 million—marking a 10% increase year-on-year. This growth was largely fueled by an 18% rise in non-containerized cargo, particularly bulk and break- bulk shipments, which surged 24%.

• Subic Bay International Airport accounted for 14% of the revenue, registering a slight 3% decrease due to lower leasing activities and reduced military logistics operations.

• Meanwhile, the Trade Facilitation and Compliance Department recorded an impressive 17% revenue increase, boosted by the newly implemented Registration Certificate (RC) Policy which introduced additional fees on trucks, heavy equipment, and regulated goods.

The notable increase in non-containerized cargo was further supported by an 88% surge in rice imports. This import growth was driven by proactive government measures to secure rice stocks ahead of the anticipated El Niño weather phenomenon.

The Department of Agriculture (DA) emphasized the critical importance of maintaining sufficient rice inventories in response to potential climate-related production impacts.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that port operations in the Subic Bay Freeport Zone will somehow grow stronger until the end of this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

AHVA Announces 2026 Bar Exams Security Plan for September 6, 9 and 13

Once again, San Beda College Alabang (SBCA) inside Alabang Hills Village will be hosting the bar exams schedule for September 6, 9 and 13. In relation to this, the Alabang Hills Village Association (AHVA) announced the security plan to ensure safe, secure and traffic-free conditions along Don Manolo and Don Jesus Boulevards during the conduct of the exams.

To put things in perspective, posted below is an excerpt from the AHVA’s official announcement. Some parts in boldface…

We would like to inform you that the Supreme Court of the Philippines has once again decided to have the 2026 Bar Exams conducted at San Beda College Alabang (SBCA). Exam dates/times are set for September 6, 9 & 13, from 0700H to 1800H.*

For this 3-day event, AHVA Security has developed a comprehensive security plan in coordination with relevant authorities. The objective of the plan is to ensure safe, secure and traffic-free conditions along Don Manolo and Don Jesus Boulevards during the conduct of the exams.

Following are the restrictions:

A. VEHICLE CONTROL

1. During the examination dates, only vehicles with valid AHVA stickers and Supreme Court car passes will be authorized to enter Alabang- Zapote & Tirona gates.
2. Vehicles of expected visitors, delivery & village workers are requested to enter the Don Jesus Blvd gate

B. CROWD CONTROL

1. Bar supporters and well wishers are not allowed to gather at the drop-off area and in Alabang-Zapote & Tirona gates
2. Village workers with valid AHVA IDs are requested to enter the Don Jesus Blvd gate
3. Media Personnel who wish to cover the on- going bar examination are not allowed to enter the village.

For further updates from the AHVA, visit https://alabanghillsvillage.com/ or call them at 88508254. You can visit their office at 1 Don Jesus Boulevard inside Alabang Hills Village from Monday to Friday, 8AM to 5PM. Always remember to follow their rules and speed limits whenever you are in the village.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippines Energy Department Identifying More Potential Nuclear Power Plant Sites

The Department of Energy (DOE) is identifying more potential sites in the Philippines for nuclear power facilities, according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…

THE DEPARTMENT of Energy (DoE) is identifying more potential sites for nuclear power facilities as the government targets 1.4 gigawatts of nuclear capacity by 2038.

Energy Undersecretary Giovanni Carlo J. Bacordo said the government is studying seven areas as possible locations for future nuclear power plants.

“There are two sites in Bataan, two sites in Palawan, one in Masbate, Pangasinan, and Camarines Norte,” Mr. Bacordo told reporters on Tuesday.

These sites have undergone initial assessment, with technical assistance from the International Atomic Energy Agency (IAEA) to determine whether the areas can safely host nuclear facilities.

“Nuclear energy is not simply about deciding to build a power plant. We must build the institutions, the regulatory system, the technical capability, the financing framework, and the public confidence to support it,” Mr. Bacordo said.

These sites will set the foundation as the Philippines works toward its goal of developing 1,200 megawatts (MW) of nuclear power generation by 2032. Beyond this target, the country is also considering the entry of 1,400 MW of nuclear capacity by 2038.

The DoE said the country’s progress on nuclear development heeds to the call of President Ferdinand R. Marcos, Jr. in his 2026 State of the Nation Address to revisit nuclear energy as part of efforts to strengthen energy security and bring down electricity costs.

The Philippines is positioning nuclear energy as part of efforts to diversify its energy mix, reduce emissions, and enhance energy security.

“Nuclear can add firm capacity and diversify the energy mix, but it does not replace the need for other technologies,” Energy Secretary Sharon S. Garin said.

Amid concerns over the safety of nuclear power, the DoE said public acceptance has increased, citing a Social Weather Stations survey that showed public approval of nuclear energy rose to 82% in 2024 from 79% in 2019.

While laying down the groundwork for nuclear energy sites, the DoE said it also focuses on addressing the remaining work across the IAEA’s 19 nuclear infrastructure issues, with priority areas covering electrical grid readiness; safety, security and safeguards; legal and regulatory requirements; emergency preparedness; nuclear fuel cycle and waste management; stakeholder involvement; and nuclear workforce development.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that nuclear energy will be realized in the Philippines in your lifetime? Did you encounter a lot of people living with nuclear fear?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines Attracts FDI Worth $210 Million in May 2026

The Philippines, which hosted the summit of the Association of Southeast Asian Nations (ASEAN) and other related conferences, failed once again on attracting significant foreign direct investment (FDI) as the May 2026 FDI net inflow was counted at $210 million only making it the lowest in eleven years, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

Foreign direct investment (FDI) net inflows into the Philippines plunged to $210 million in May, the lowest monthly total in more than 11 years as global economic volatility and geopolitical tensions prompted foreign companies to delay capital commitments.

According to the latest data from the Bangko Sentral ng Pilipinas (BSP), released on Monday, Aug. 10, the May figure represents a 64.7 percent contraction from the level recorded in May 2025 and falls below the previous record low of $200.43 million seen in March 2015.

The sharp monthly drop dragged total net inflows for the first five months of 2026 to $2.18 billion, a 33.4 percent decline from the $3.27 billion recorded in the same period last year.

According to the BSP, the cumulative decline was “driven by lower foreign net investments in debt instruments and reinvestment of earnings, which more than offset the increase in net equity capital investments (other than reinvestment of earnings).”

The central bank added that this trend “reflected lower intercompany borrowings from foreign direct investors and reduced earnings retained for reinvestment during the period.”

Among its components, the primary driver of the May shrinkage was the sharp fall in net investments in debt instruments, which tumbled 92.1 percent to $35 million from $440 million a year earlier.

As of end-May, debt instruments—which “consist mainly of intercompany borrowing or lending between foreign direct investors and their subsidiaries or affiliates in the Philippines”—totaled $1.25 billion, dropping by nearly half from the $2.48 billion recorded in 2025.

This five-month performance follows a challenging 2025, during which annual net inflows plunged to $7.79 billion from $9.40 billion in 2024. The BSP forecasts inflows to clock in lower at $7 billion before rebounding to $8 billion in 2027.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think hosting the ASEAN Summit will lead the Philippines to economic miracles and stronger FDI in the near future?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Strong Demand for American Dairy Products in the Philippines Continues

With growing demand for high-quality protein realized, the Philippines will keep importing more dairy products from the United States, according to a news report by the Manila Bulletin. It should be noted that the Philippines does not have a huge dairy production and local consumption of dairy (and other products that require dairy to be made) kept on growing.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The Philippines is expected to increase its imports of dairy products from the United States (US), driven by growing demand for high-quality protein and limited local dairy production, according to the US Dairy Export Council (USDEC).

USDEC Regional Director Dali Ghazalay said US dairy exports to the Philippines are on track to remain strong this year, as demand for dairy products continues to expand.

She said the demand is particularly strong when it comes to meeting the country’s nutrition needs, with dairy playing a crucial role in nutritionally adequate diets.

“The demand for dairy will still be very strong because of nutrition and what dairy can contribute to the nutrition needs of the Philippines,“ Ghazalay said on the sidelines of USDEC’s trade seminar on Thursday, Aug. 13.

Based on USDEC data, US dairy exports to the Philippines are estimated at around 143,000 metric tons (MT). Top exports include skim milk powder, buttermilk powder, and dairy permeate.

Currently, the Philippines is the top export destination for US dairy goods in Southeast Asia, according to USDEC.

Increased demand this year is expected to be driven by dairy products with high-quality nutritional protein, such as skim milk powder.

Ghazalay said demand is also on the rise for whey proteins and milk proteins, which are usually integrated into high-value-added products such as protein powder for fitness purposes.

Ultimately, she noted that increased dairy demand from the US is also a direct result of the country’s subpar domestic output, which remains unable to meet local demand.

“Local dairy production is still very small. And you do need to supplement that with different dairy ingredients to meet all these different products that the consumers here need,” said Ghazalay.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that nuclear energy will be realized in the Philippines in your lifetime? Did you encounter a lot of people living with nuclear fear?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines Attracts 3.7 Million International Visitors in First 7 Months of 2026

The Philippines, which has been struggling with weak economic growth and high inflation, attracted 3.7 million international visitors in the first 7 months of this year, according to a news report by BusinessWorld.

Be mindful that the words “international visitors” includes both foreign tourists as well as Filipinos who are based abroad who happened to return to the country as “balikbayan”. For insight, the Philippines attracted 5.9 million foreign tourists in 2025 plus over half-a-million Filipinos from overseas which combines for 6.4 million international visitors for the year. For the first half of 2026, the nation attracted 2.9 million foreign tourists.

To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…

The number of Philippine international visitors grew to around 3.7 million as of July, buoyed by more relaxed visa policies, with growing markets seen in China, India, and Taiwan, according to the Department of Tourism (DoT) on Friday.

DoT Undersecretary Verna Esmeralda C. Buensuceso cited the figure, noting a 4.25% increase in  tourist arrivals compared to last year.

“From January to July this year, the Philippines welcomed approximately 3.7 million international visitors, representing a 4.25% increase in visitor arrivals compared to the same period last year,” Ms. Buensuceso said during the launch of the 4th Travel Sale Expo 2026.

“We are seeing good growth from markets like China at 67%, India at 34%, and Taiwan at 11.21% growth, buoyed in large part by more liberal visa policies,” she added.

The tourism Undersecretary also noted sustained growth trajectories from the country’s traditional foreign markets such as the United States of America, Canada, and Japan, driven by additional flights.

The country is also experiencing double-digit to triple-digit growth in international arrivals from our Southeast Asian peers, such as Indonesia, Vietnam, Myanmar, Cambodia, Laos, and Timor-Leste, due to the ongoing ASEAN Summit 2026 where the Philippines serves as the host country.

“These are encouraging signs, but let me emphasize that our goal is not simply to increase the number of arrivals,” Ms. Buensuceso said.

“Our real goal is to increase the value of tourism. We want tourism to create more jobs, attract more investments, and generate more opportunities that reach communities across the country,” she added.

The tourism industry contributed 8.1% to the country’s gross domestic product (GDP) in 2025, down from 8.7% in the previous year, according to the Philippine Statistics Authority (PSA). It also employed around 7.70 million Filipinos in 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT is padding the numbers on tourist arrivals to avoid embarrassment in the near future? Do you think the Philippines will be able to surpass 2025’s 5.9 million foreign tourist count by the end of this year? Do you believe that hosting the ASEAN Summit is actually helping the Philippine attract more tourists from its Southeast Asian neighbors?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Subic Bay Freeport Visited By Thai Ambassador And Business Leaders

A delegation led by Thailand’s ambassador to the Philippines Makawadee Sumitmor visited the Subic Bay Freeport Zone and was welcomed by the Subic Bay Metropolitan Authority (SBMA), the authorities confirmed. With the ambassador were business leaders of Thailand and they visited to explore investment opportunities in the Freeport.

To put things in perspective, posted below is an excerpt from the official announcement of the SBMA. Some parts in boldface…

A delegation of Thai business leaders, led by Her Excellency Makawadee Sumitmor, Ambassador of the Kingdom of Thailand to the Philippines, recently visited Subic Bay Freeport (SBF) to explore promising investment opportunities in this strategic economic zone.

The delegation was warmly received by Eduardo Jose L. Aliño, Chairman and Administrator of the Subic Bay Metropolitan Authority (SBMA), who highlighted the region’s strategic location within the Luzon Economic Corridor (LEC) and its potential as a hub for trade and industry.

On 26 July 2026, at the Subic Bay Exhibition and Convention Center (SBECC), members of the Thai business delegation met with SBMA’s Business and Investment Group (BIG) officers to discuss avenues for collaboration and potential investments in the SBF.

Ambassador Sumitmor emphasized the strong investment potential for Thai companies in sectors such as energy, logistics, technology, digital innovation, and various service industries. Representatives from the Thai embassy, the delegation, and PTT Philippines Corporation expressed optimism about future partnerships.

The delegation also toured key facilities and businesses within the Freeport, identifying strategic areas for investment in the LEC. PTT Philippines Corporation, a leading oil and energy company and a wholly owned subsidiary of Thailand’s PTT Oil and Retail Business Public Company Limited (PTT OR), serves as a strong foundation for expanding Thai ventures within the region.

The Subic Bay Freeport Zone plays a crucial role as a western maritime gateway in the Luzon Economic Corridor, linking major economic centers including Subic, Clark, Manila, and Batangas.

The LEC initiative aims to enhance infrastructure and logistics, fostering greater connectivity through substantial planned investments.

Thailand is actively pursuing opportunities in trade, logistics, and manufacturing within the Philippines’ LEC. The relative proximity of Subic Bay to Thailand, accessible by sea within three to four days, offers significant logistical advantages for Thai businesses seeking regional expansion.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident about Thailand making new investments in the Subic Bay Freeport Zone as the nation is actively pursuing opportunities within the Luzon Economic Corridor? What kind of businesses do you think Thai investors will set up in Subic Bay? Do you feel that direct travel connections between Thailand and Subic Bay will be realized soon?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Dedicated Power Plant For Pax Silica’s Energy Needs

To ensure that the ambitious Pax Silica will have its very own power supply to meet its needs, the Bases Conversion and Development Authority (BCDA) recently announced that the proponents are studying the construction of a dedicated power plant, according to a business news report by GMA News.

Previously a P7 billion investment of the National Grid Corporation of the Philippines (NGCP) for Pax Silica’s energy supply was prompted. New Clark City was chosen to host the artificial intelligence (AI) hub.

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Bases Conversion and Development Authority (BCDA) said Sunday that proponents of the US-led Pax Silica project in New Clark City, Tarlac, are studying the construction of a dedicated power plant to ensure the facility does not compete with nearby residential communities for electricity.

Pax Silica has faced scrutiny over its projected resource requirements, with the BCDA estimating that the facility could require up to 3 gigawatts (3 million kilowatts) of power at full development.

“‘Yung kuryente, pinag-aaralan nila na magkaroon ng dedicated power plant… na hindi ito magsasapanganib sa supply ng kuryente lalo na para sa mga residential na komunidad. Ayaw rin nila ‘yon,” BCDA President and CEO Joshua Bingcang said in an interview on Super Radyo dzBB.

(Regarding power, they are studying the establishment of a dedicated power plant so that it will not jeopardize the electricity supply, especially for residential communities. They also want to avoid that.)

Bingcang said officials have discussed power and water requirements with the project’s proponents and partners from the United States, Japan, and South Korea, who also want to ensure that the facility has sufficient utility supplies.

“Kasi kung nakikita nilang wala, hindi rin pupunta ‘yung mga industriya na ito. So gusto nila, ‘pag pupunta rin sila dito, is stable, reliable at maaasahan ang kuryente,” Bingcang said.

(Because if they see that there is insufficient supply, these industries will not come. So if they invest here, they want the power supply to be stable, reliable, and dependable.)

“Kaya ngayon po, kasama na po, hindi lang po sa paggawa ng mga planta doon sa New Clark City, tinitingnan din nila ‘yung ecosystem,” he added.

(That is why they are looking not only at building plants in New Clark City but also at the entire ecosystem.)

Bingcang said this ecosystem includes the availability and reliability of power and water, as well as infrastructure, airports, seaports, and other facilities.

Clean, green energy – The BCDA said Pax Silica aims to use clean and green energy, with solar farms among the primary options being considered.

“So ang una po naming tiningnan dito ay solar farms. So meron na po tayong inaprubahan na solar project po diyan—ang mamumuhunan po ay sa Saudi Arabia,” Bingcang said.

(The first option we looked at was solar farms. We have already approved a solar project there involving an investor from Saudi Arabia.)

“Susunod po, hinihikayat na rin o nire-regulate na rin ng Department of Energy magkaroon ng mga battery storage… Kasi ang solar farm po ay mga ilang oras lang po, ‘pag gabi, wala na, so kailangan meron pong imbakan o storage ng baterya para sa maipon na enerhiya sa mga solar farm,” he added.

(Next, the Department of Energy is encouraging and regulating the use of battery storage. Solar farms generate power only during the day, so battery storage systems are needed to store energy for use when solar power is unavailable.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Pax Silica will eventually have its very own, high-capacity power plant to ensure it has sufficient energy while sparing the local communities that relied on the national power grid? Do you think solar power is sufficient for Pax Silica which will have AI-related projects?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

The economy of the Philippines slowed down even further in the 2nd quarter of 2026 landing at 2.3%, according to a news report by GMA News. Embarrassingly, this made the Philippines an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN).

By comparison, the economy of the Philippines achieved only 2.8% growth in the 1st quarter of this year. The nation’s economic growth for 2025 was at 4.4%

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Philippine economy continued to slow down in the second quarter of 2026, still due to a subdued investor and consumer sentiment amid the lingering effects of the flood control corruption scandal and the inflationary pressure brought by Middle East crisis-induced global fuel price shocks, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA chief and National Statistician Claire Dennis Mapa said the economy, as measured by gross domestic product (GDP)—the value of goods and services produced in a period— grew 2.3% in the April to June 2026 period, slower than the 2.8% growth seen in the first quarter of 2026.

This is the economy’s weakest footing since the fourth quarter of 2009 —excluding the contraction seen during the COVID-19 pandemic years— when the GDP growth rate was at 1.8%.

The 2.8% second quarter GDP growth put the Philippines behind its neighbors in Southeast Asia that already released their April to June economic growth rates such as Indonesia at 5.29%, Vietnam at 8.39%, and Singapore at 5.7%.

The first half of 2026 GDP growth rate stood at 2.6%, still behind the government’s downwardly revised target of 3.5% to 4.5% for the entire year.

Despite the economic slowdown, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “What we are experiencing right now, I believe, is transitory, temporary.”

“Domestic demand remained subdued, mainly because total investment continued to contract as public construction declined. Household consumption growth also moderated amid higher inflation, job losses, and lower remittance receipts arising from the Middle East conflict,” Balisacan said.

Household final consumption expenditure grew 2.8%, slower than 5.2% in the same period last year, weighed by contractions in transport (-7.5%), alcoholic beverages and tobacco (-1.9%), recreation and culture (-0.8%), and restaurants and hotels (-0.2%).

Government expenditure, likewise, slowed down by 8.3% from 8.7% year-on-year; while gross capital formation (GCF) —which measures investments— contracted by 9.2% from a growth rate of 0.9% a year ago.

The decline in GCF was due to the decline in construction at 14.8% with government spending on construction contracting 32.4%.

“Although public construction is a small part of the economy, the amount of contraction, at 32%, brought a significant impact on the economy,” Balisacan said.

“The sharp decline in public construction was the main contributor in the decline in investments… driven by continuous caution due to the flood control scandal,” the country’s chief economist said.

Among the major economic sectors, agriculture posted a growth rate of 2.7%, slower than 7% year-on-year; industry declined by 2.4%, from an increase of 2.1% weighed by the construction’s depreciation; services grew slower at 4.5% from 6.9%.

Agriculture, industry, and services sector contributed 7.5%, 27.9%, and 63.3%, respectively to the total GDP during the quarter.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will eventually fall into a recession in 2027? Do you believe that the hosting of the ASEAN summit by the Philippines will result in economic miracles and more foreign investment?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines July 2026 Inflation Still Above Government Ceiling

Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

To put things in perspective, posted below is an excerpt from the GMA News business report. Some parts in boldface…

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

The Subic Bay Metropolitan Authority (SBMA) has officially launched the Swiss challenge for the P7 billion proposal for the upgrading and management of the Subic Bay International Airport (SBIA) and this opened the field for entities to submit their proposals challenging the existing proposal of Cerberus Asia Pacific Investments LLC, according to a Manila Bulletin news report.

For previous blog posts about the SBIA project, click here, here and here.

To put things in perspective, posted below is an excerpt from the report of the Manila Bulletin. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.

In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.

SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.

Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.

Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.

Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).

“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.

Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.

The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

SBMA noted that the airport’s location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.

“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.

In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.

The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.

“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.

“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.

By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.

The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.

With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be a lot of corporations locally and overseas that will submit their Subic Bay International Airport proposals to the SBMA? When was the last time you arrived at the international airport in the Subic Bay Freeport Zone?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

DTI Sees More Jobs And Investments Rising In Metro Manila Following Removal Of Ecozone Ban

Following the lifting of the ban on information technology economic zones in Metro Manila, the Department of Trade and Industry (DTI) expects the new investments to come in as well as new jobs to be generated, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

The Department of Trade and Industry (DTI) expects the information technology and business process management (IT-BPM) sector to generate more jobs and attract new investments after the lifting of the ban on IT economic zones in Metro Manila.

In a statement on Tuesday, July 28, Trade Secretary Cristina Roque welcomed the issuance of Administrative Order (AO) No. 45, which seeks to ease some of the restrictions under the broader prohibition on the processing and evaluation of applications for ecozones imposed during the previous administration.

“This major policy reform is a resounding victory for the IT-BPM sector and a decisive step forward in strengthening the Philippines’ position as a premier global destination for digital services,” the DTI chief said.

AO 45, signed by President Ferdinand Marcos Jr., excludes applications for the establishment of IT centers and IT parks from the ongoing moratorium on ecozone applications.

The order maintains the prohibition on all other ecozone applications in National Capital Region (NCR), as embodied in AO 18, issued by former President Rodrigo Duterte in 2019. The policy was implemented to encourage development and spur investments in the provinces.

With the lifting of the ban, Roque said the government is addressing long-standing investor demand from IT-BPM firms looking to open or expand in NCR while also creating more opportunities for real estate development.

“As we open new avenues for growth in Metro Manila alongside our continuous push to develop regional IT hubs, we are positioning the IT-BPM sector to generate thousands of high-quality jobs, attract foreign direct investments, and ensure economic growth nationwide,” she said.

The DTI earlier endorsed the proposal of the investment promotion agency (IPA) Philippine Economic Zone Authority (PEZA) to lift the moratorium to provide more options for companies seeking to locate in key central business districts in the capital region.

PEZA Director General Tereso Panga earlier told reporters that the ban has essentially forced firms to operate in existing ecozones, restricting their expansion plans.

“We invite our global partners and prospective investors to take full advantage of this renewed momentum and build their future here in the Philippines,” Roque said.

IT-BPM firms operate in ecozones to avail themselves of the fiscal and nonfiscal incentives provided by the government.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you consider Metro Manila suitable for the establish of new economic zones as well as the expansion of existing economic zones? Do you believe that the demand by IT-BPM firms for expansion in Metro Manila is real?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

The Subic Bay Metropolitan Authority (SBMA) announced that it has released almost P220 million in revenue shares to the City Government of Olongapo and seven other local government units (LGUs).

To put things in perspective, posted below is an excerpt from the SBMA’s official announcement. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) released a total of PHP 218,115,671.26 in revenue shares to eight local government units (LGUs) contiguous to this premier freeport zone.

SBMA Chairman and Administrator Eduardo Jose L. Aliño said that this amount released on Tuesday, July 21, 2026, represents the revenue shares for the first semester of 2026, which is 10.24 percent higher than that of last year’s comparative period.

The recipient LGUs are Olongapo City, the municipalities of Subic, San Marcelino, Castillejos, and San Antonio in Zambales, and the towns of Dinalupihan, Hermosa, and Morong in Bataan.

Taking into account the population and land area, Olongapo was allocated the largest amount of PHP 50,420,165.72, received by Olongapo City Mayor Atty. Rolen Paulino, Jr. This was followed by Subic, Zambales, which received PHP 32,871,521.46, accepted on behalf of Mayor Jonathan John Khonghun.

The remaining LGUs received their allocations as follows: Dinalupihan, Bataan, with PHP 27,438,313.68, accepted on behalf of Mayor German Santos, Jr.; San Marcelino, Zambales, with PHP 26,272,445.97, received by Mayor Elvis Soria; Hermosa, Bataan, with PHP 23,422,520.27, accepted on behalf of Mayor Atty. Anne Adorable-Inton; Castillejos, Zambales, with PHP 19,817,470.23, received on behalf of Mayor Jeffrey Khonghun; Morong, Bataan, with PHP 19,340,287.10, received on behalf of Mayor Leila Linao-Muñoz; and San Antonio, Zambales, with PHP 18,532,946.83, received by Mayor Dr. Arvin Antipolo.

The LGU shares are sourced from five percent corporate taxes paid by business locators in the Subic Bay Freeport. They are distributed among LGUs based on population (50%), land area (25%), and equal sharing (25%).

OIC-Deputy Administrator for Finance Editha Marzal, along with the finance team, led the distribution of the LGU shares.

Marzal noted that the net shares distributed to the LGUs include not only the current collection period’s allocations but also the 10 percent retention withheld during the first semester of the 2024 distribution.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you see the increased amount of revenue shares as a sign of better economic activities and finances within the Subic Bay Freeport Zone? Do you think the revenue shares would be higher once the Luzon Economic Corridor (LEC) and Pax Silica activities finally start economic activities in the near future?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Time For The Philippines To Revisit Nuclear Energy Production

During his recent State of the Nation Address (SONA), Philippine President Ferdinand “Bongbong” Marcos, Jr., declared that it is time for the nation to revisit nuclear energy production, according to a news report by GMA News.

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

President Ferdinand “Bongbong” Marcos Jr. on Monday said it is time to revisit nuclear energy production, as he touted some 200 energy projects in the pipeline in a bid to boost the country’s power supply and bring down power rates.

In his fifth State of the Nation Address (SONA), Marcos said the administration is working to revisit nuclear energy, as it is already being used in medicine, agriculture, water filtration, and the upcycling of plastic.

“Pushing the envelope further, perhaps it is time for us to revisit nuclear energy production,” he said, noting confidence in its capacity “to reinforce our energy security and bring down the cost of electricity in our country.”

“Titiyakin nating ito ay ligtas. Titiyakin din nating maipaliwanag nang mabuti sa publiko ang magandang dulot sa atin ng enerhiyang nukleyar” he added.

(We will make sure that this is safe. We will also make sure to explain the benefits of nuclear energy properly to the public.)

According to Marcos, the administration has a pipeline covering some 200 power projects across the country that will have a combined capacity of nearly 10,000 megawatts (MW) — 45 of which have already been completed, while 31 are set to be completed this year. The remaining 124 are targeted to be completed by 2028.

These are on top of 1,700 megawatts that the projects will contribute to energy storage systems, which Marcos said will boost energy security.

“Ang mga proyektong ito ay napabilis nang dahil sa mga bagong patakaran at proseso na nagpapadali ng pagnenegosyo dito sa ating bansa, para sa mga Pilipino at dayuhang negosyante,” he said.

(These projects were expedited because of the new regulations and processes that eased doing business here in the country for Filipinos and foreign investors.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the highlighting of nuclear energy production in the State of the Nation address will lead to breakthroughs for a nuclear-powered Philippines? Are people in your local community still afraid of nuclear energy? Do you think unchecked corruption inside the government of the Philippines will derail any nuclear-related efforts?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Rockwell Raises Stake In Alabang With P6.2 Billion Deal

Rockwell Land Corporation – the developer of Rockwell Center in Makati – strengthened its ownership of Alabang Town Center (ATC) by sealing a P6.2 billion deal with the Madrigal family to acquire the remaining stake in the mall operator Alabang Commercial Corp. (ACC), according to a news report by the Manila Bulletin. The ATC will be redeveloped over a number of several years.

For previous developments about Rockwell and its acquisition related to ATC and ACC, click here, here and here.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

Lopez-led Rockwell Land Corp. expanded its ownership of Alabang Town Center (ATC) to near-total control after striking a ₱6.2 billion agreement with the Madrigal family to acquire an additional 22.96 percent stake in the property’s operating entity.

In a disclosure filed with the Philippine Stock Exchange on Thursday, July 30, the property developer said it executed share purchase agreements with the majority of the remaining shareholders of Alabang Commercial Corp. (ACC)

The transaction elevates Rockwell’s total equity interest in ACC from 76.3 percent to 99.26 percent, cementing its operational dominance over the 17.5-hectare prime estate in Alabang, Muntinlupa.

The move allows Rockwell to execute an ambitious and decade-long master plan designed to modernize the suburban retail and lifestyle landmark. Following the acquisition, the company confirmed that preliminary planning is already underway. To lead the redesign, Rockwell has engaged Uruguayan-Canadian architect Carlos Ott—renowned internationally for iconic modern landmarks—alongside local architect Jun Rodriguez of PRSP.

The immediate priorities over the next two years will center on foundational operational upgrades, specifically focusing on expanding parking capacity, optimizing traffic circulation, and recalibrating the commercial tenant mix to boost retail performance.

Over a five- to 10-year horizon, Rockwell’s broader vision aims to preserve the site’s original suburban character while modernizing the venue into a high-density, experiential lifestyle and retail hub.

The deal reinforces Rockwell’s growth trajectory in 2026, building upon operational milestones across its residential, commercial, and hospitality portfolios.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Alabang or if you usually visit the Alabang Town Center every week, what do you feel about Rockwell’s redevelopment plans of the decades-old, high-end property? Have your favorite stores or restaurants at ATC already stopped operating recently? What do you hope to see in the ATC as the redevelopment happens over the next several years? Do you think Rockwell’s presence in Alabang will alter the entire business environment in Muntinlupa City?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippines Electricity The Most Expensive In ASEAN

Due to the low supply of electricity and the high demand recorded this past June, the Philippines had the most expensive electricity rates among member nations of the Association of Southeast Asian Nations (ASEAN), according to a news report by GMA News.

Be reminded that the Philippines is experiencing weak economic growth, high inflation, and has been weak when it comes to attracting foreign direct investment. Could imagine how foreign investors would react to the expensive electricity here in the Philippines?

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Philippines had the most expensive electricity rates among the Association of Southeast Asian Nations (ASEAN) in June due to low supply and high demand recorded during the month, the Department of Energy (DOE) reported Monday.

According to DOE Undersecretary Rowena Cristina Guevara, the country reported an average rate of P12.43 per kilowatt-hour (kWh) in June, surpassing that of Singapore by P0.093 per kilowatt-hour.

“Sa Visayas, siya talaga ‘yung pinakamahal dahil talagang may kakulangan tayo sa supply doon. Meron tayong 21 plants na naka-forced outage and therefore, dependent siya talaga sa Luzon at sa Mindanao for imported power,” she said in a virtual briefing.

(Visayas was really the most expensive because there was really a lack of supply there. There are 21 plants on forced outage, and therefore, it is really dependent on imported power from Luzon and Mindanao.)

“Alam niyo naman, naka-yellow alert sila palagi (As you know, they have been on yellow alert regularly) since May 13, and that is the one that is driving the price high for Visayas,” she added.

The Visayas grid has been on yellow alert — indicating that the operating margin is insufficient to meet the transmission grid’s contingency requirement — for several days in June, due to the continued forced outage of major coal plants in the region.

Among the outages recorded were Therma Visayas Inc. (TVI) units 1 and 2 and Panay Energy Development Corp. (PEDC).

“For the rest… Meron kasi din tayong mga matataas na demand during the summer months, and therefore we have to operate the more expensive power plants. Imbes na mag-blackout, paandarin na lang ‘yung mga medyo mahal na plant,” Guevara said.

(For the rest… Demand was also high during the summer months, and therefore, we have to operate the more expensive power plants. Instead of blackouts, we ran more expensive plants.)

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think must be done to ensure abundant electricity for the Filipinos? Are you convinced now is the time for the government of the Philippines to go all-in on nuclear power? How much was your electric bill this past June?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

America Tags Philippines With 12.5% Tariff Over Forced Labor Concerns

The Philippines, which is already experiencing slower economic growth, higher inflation and having trouble attracting foreign investment, saw its exports to the United States subject to a higher 12.5% tariff as the Trump administration is convinced that the country failed to prevent the entry of goods produced with forced labor, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The country’s exports to the United States (US) are now subject to a higher 12.5-percent tariff after the Trump administration determined that the Philippines has failed to prevent the entry of goods produced with forced labor.

In a notice on Friday morning, July 24 (Philippine time), the Office of the US Trade Representative (USTR) said it is imposing a 12.5-percent tariff on the Philippines, in accordance with the directive of US President Donald Trump.

The USTR earlier included the Philippines in its investigation into the US’ top 60 trading partners as it sought to crack down on imports made with forced labor that were found to be harmful to American commerce.

In a report on the probe’s findings, the USTR said the Philippines “has failed to impose and effectively enforce a forced labor import prohibition.”

Apart from the Philippines, 40 other economies are subject to the 12.5-percent tariff.

“The US has had a forced labor import ban for nearly a century, and rigorously enforces it. It’s well past time for our trading partners to do the same,” said USTR Ambassador Jamieson Greer.

“Today’s action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere,” he added.

The USTR said it would exempt certain products from the tariff, including goods that cannot be produced in sufficient quantities or at reasonable prices in the US, and products that could cause economy-wide disruptions if they were subjected to the tariffs.

Philippine goods exempt from the 12.5-percent tariff include most of the country’s major exports to the US, including semiconductors, its top export commodity. Also exempted are agricultural commodities such as coconuts, pineapples, and bananas, as well as raw minerals such as nickel ores and concentrates.

The US remains the Philippines’ largest export market, accounting for $13.46 billion, or 15.9 percent, of the country’s total exports in 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines has been negligent on monitoring the entry of goods produced with forced labor? Does this new economic development dampen your trust in the government of the Philippines?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines Attracts 2.9 Million Foreign Tourists In First Half Of 2026

For the first half of this year, the Philippines attracted 2.9 million foreign tourists and 1.13 million of that came from the United States and South Korea combined, according to a news report by Business Mirror. The figure does not include the 260,717 overseas Filipinos or balikbayan.

When compared to its Asian neighbors’ first-half foreign tourist numbers, the Philippines is still way behind Vietnam which attracted 12.3 million and Japan which attracted 21 million.

To put things in perspective, posted below is an excerpt from the Business Mirror report. Some parts in boldface…

MORE relaxed visa entry requirements have enabled the Philippines to attract an increasing number of foreign tourists, lifting total visitor arrivals by 5.41 percent in the first half of the year.

Data from the Department of Tourism (DOT) showed 3.16 million inbound tourists from January to June 2026, of which 2.9 million were foreign nationals and 260,717 were overseas Filipinos. The latter are described as Philippine passport holders permanently residing abroad. This year’s arrivals are 76.5 percent of the 4.13 million total in the first half of prepandemic 2019.

The DOT stressed that the data are based on e-travel records provided by the Department of Information and Communications Technology, and are not final until Bureau of Immigration records are taken into account. E-travel registration is mandatory for those arriving in the Philippines except foreign diplomats, dignitaries, foreign government officials and their delegation, visiting business executives and students  sponsored by the Philippine  government or international organizations, and their immediate family members (9e visa).

Of the total foreign nationals, which were up 6.3 percent from the 2.73 million year on year (yoy), tourists from China and India were the most improved by 64.54 percent and 43 percent, respectively. Residents from both countries have been allowed to enter the Philippines visa-free for tourism purposes for 14 days.

The top 12 source markets of visitors for the Philippines all recorded increases, except for South Korea, with long-haul markets like Germany even showing monthly increases yoy, despite the ongoing tensions in the Middle East, which had jacked up jet fuel prices.

S. Korea plunges 13.7% – The United States continues to be the top source market for the Philippines with arrivals at 581,565 in the first half of the year, an increase of some 6.9 percent from the same period in 2025. Most of the market continues to be composed of Americans of Filipino decent, or Filipino immigrants, who visit the Philippines usually during the holiday season in December and January.

Some 300 Filipino-Americans are currently in the country as part of government’s long-running Very Important Pinoy (VIP) tour, and visiting destinations other than Metro Manila such as Cebu, Dumaguete, and Siquijor.

In second place are tourists from South Korea at 552,860, slumping by 13.7 percent, yoy. This was followed by Japan at 581,565 (+6.87 percent); China at 219,796 (+64.54 percent); Australia at 174,257 (+12.3 percent); and Canada at 156,763 (+15.6 percent), another haven of Filipino immigrants. Air Canada began offering direct flights from Vancouver to Manila in April last year, while flag carrier Philippine Airlines offers nonstop flights between Manila and Vancouver, and Toronto.

Tourists from Taiwan were in seventh place at 111,134, an increase of 11.85 percent; folowed by the United Kingdom at 92,829 (+1.7 percent); Singapore at 78,069 (0.35 percent); India at 60,583 (43.03 percent); Malaysia at 53,437 (+11.5 percent); and Germany at 48,657 (+6.9 percent).

Under the General Appropriations Act of 2026, the DOT committed to attract 6.7 million foreign tourists this year.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be able to attract 6.7 million foreign tourists by the end of this year? What do you think are the three most serious problems the Philippines has when it comes to attracting foreign tourists?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco