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#foreign-investors — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #foreign-investors, aggregated by home.social.

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  1. Samsung, SK hynix Rebound 4-5% on Super Micro’s Strong AI Server Results

    A board at the dealing room of Hana Bank’s headquarters in Seoul’s Jung-gu district shows the Kospi and…
    #EuropeSays #Korea #KR #SK #AIserverdemand #chipstocks #foreigninvestors #KOSPI #SamsungElectronics #SKGroup #SKhynix #SuperMicroComputer
    europesays.com/korea/196260/

  2. KOSPI Plunges 3.73% as Foreign, Institutional Investors Dump Shares

    The Kospi index is displayed in the dealing room at Hana Bank’s headquarters in Jung-gu, Seoul, on Nov.…
    #EuropeSays #Korea #KR #KoreaExchange #AIinvestment #foreigninvestors #KOSDAQ #KOSPI #KRX #SamsungElectronics #SKhynix
    europesays.com/korea/195514/

  3. 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

    #ASEAN #ASEANSummit #AssociationOfSoutheastAsianNationsASEAN #Brunei #business #businessNews #BusinessWorld #Cambodia #CarloCarrasco #economicGrowth #economics #economy #EconomyOfThePhilippines #finance #financialGrowth #floodControl #floodControlProjects #floodControlScandal #foreignInvestment #foreignInvestors #GDP #GDPGrowth #grossDomesticProductGDP #growth #growthForecast #IMF #IMFInternationalMonetaryFund #Indonesia #InternationalMonetaryFundIMF #investment #jobs #Laos #Malaysia #money #Myanmar #news #Philippines #Singapore #SoutheastAsia #Thailand #TimorLeste #Vietnam #WordPress #WordPressCom
  4. Foreign Investors Dump $8.4 Billion in Korean Chip Stocks; Samsung, SK Hynix Post Biggest Weekly Plunge Since Global Financial Crisis

    Samsung Electronics and SK Hynix posted their steepest weekly declines since the 2008 global financial crisis last week…
    #EuropeSays #Korea #KR #SKHynix #ASML #BankofKorea #CoreWeave #CXMT #foreigninvestors #KBSecurities #KimDong-won #KOSPI #SamsungElectronics #SK #SKhynix #TSMC #YuantaSecurities
    europesays.com/korea/192850/

  5. Can KOSPI Recover? Analysts Say Foreign Buyers Hold the Key

    The closing Kospi level is displayed at the Korea Exchange in Seoul’s Yeouido district on Oct. 15, when…
    #EuropeSays #Korea #KR #KoreaExchange #foreigninvestors #Koreanstockmarket #KOSPI #KRX #marketrebound #netselling #YuantaSecuritiesKorea
    europesays.com/korea/192788/

  6. South Korea’s KOSPI Retreats to 5,600 — A Sharp Rebound Like July’s Looks Unlikely — BigGo Finance

    South Korea’s KOSPI has retreated back to the 5,600 level for the first time in two and a…
    #EuropeSays #Korea #KR #KoreaExchange #DaishinSecurities #foreigninvestors #KiwoomSecurities #KOSPI #KRX #LSSecurities #SamsungElectronics #SKhynix #U.S.FederalReserve #VKOSPI
    europesays.com/korea/192439/

  7. South Korea’s KOSPI Rebounds After 8-Session Slump; Foreign Investors Turn Net Buyers After 9 Sessions — BigGo Finance

    South Korea’s KOSPI rebounded on the 16th, reclaiming the 5,600 level after eight consecutive sessions of declines. The…
    #EuropeSays #Korea #KR #KoreaExchange #BHP #CoreWeave #foreigninvestors #JensenHuang #KOSDAQ #KOSPI #KRX #RioTinto #SamsungElectronics #SeoSang-young #SKhynix #Su0026P/ASX200
    europesays.com/korea/191121/

  8. South Korea’s KOSPI Drops for Sixth Straight Session as Foreign Selling Persists; Index Recovers 6,000 Level in Late Trading — BigGo Finance

    South Korea’s KOSPI rebounded more than 2% in early trading on the 14th but ultimately closed lower for…
    #EuropeSays #Korea #KR #KoreaExchange #ASML #foreigninvestors #KOSDAQ #KOSPI #KRX #SamsungElectronics #SKhynix #TaiwanSemiconductorManufacturing #U.S.consumerpriceindex #westtexasintermediate
    europesays.com/korea/188844/

  9. 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

    #achievements #Alabang #AlabangBlog #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #awards #Biazon #blogging #business #businessNews #CarloCarrasco #economicGrowth #economics #economy #EconomyOfThePhilippines #Fediverse #finance #financialGrowth #foreignInvestment #foreignInvestors #GDPGrowth #geek #growth #investing #investments #investors #ManilaBulletin #Mastodon #MetroManila #money #news #PCCI #PhilippineChamberOfCommerceAndIndustryPCCI #Philippines #RuffyBiazon #RufinoBiazon #SouthMetroManila #SoutheastAsia #Southies #WordPress #WordPressCom
  10. Foreign Investors Dump ₩10 Trillion in Samsung Electronics, SK Hynix; Rotate into South Korean Substrate and Equipment Stocks — BigGo Finance

    Foreign investors, who have been on an extended selling spree in South Korea’s stock market, are aggressively offloading…
    #EuropeSays #Korea #KR #SamsungElectronics #foreigninvestors #IsuPetasys #JusungEngineering #KoreaExchange #KOSPI #Samsung #SamsungElectro-Mechanics #Simmtech #SKhynix #WooriFinancialGroup
    europesays.com/korea/188428/

  11. South Korea’s KOSPI Plunges 6%, Breaks Below 6,000; Sell-Side Circuit Breaker Triggered for First Time in Two Months — BigGo Finance

    South Korea’s KOSPI plunged more than 6% intraday on the 13th, surrendering the 6,000 level for the first…
    #EuropeSays #Korea #KR #KoreaExchange #ASMPT #ChangXinMemoryTechnologies(CXMT) #foreigninvestors #GoldmanSachs #KOSDAQ #KOSPI #KRX #SamsungElectronics #sell-sidecircuitbreaker #SKhynix
    europesays.com/korea/186340/

  12. KOSPI Slides Toward 6,500 as Foreign Selling Intensifies; Samsung, SK Hynix Tumble — BigGo Finance

    The KOSPI retreated to the 6,500 level on October 12, the first trading day after the Hangeul Day…
    #EuropeSays #Korea #KR #SamsungElectronics #foreigninvestors #KoreaExchange #KOSDAQ #KOSPI #LGEnergySolution #PhiladelphiaSemiconductorIndex #Samsung #SKhynix #U.S.Treasuryyields #won-dollarexchangerate
    europesays.com/korea/184843/

  13. South Korea’s After-Hours Trading: Retail Investors Pick Samsung Electronics Preferred, Foreigners Choose SK Hynix — BigGo Finance

    Since the Korea Exchange introduced its after-market (4 p.m.–8 p.m.) on the 14th of last month, retail and…
    #EuropeSays #Korea #KR #KoreaExchange #after-market #foreigninvestors #KRX #Nextrade #retailinvestors #SamsungElectronics #SamsungElectronicsPreferredShares #SKhynix
    europesays.com/korea/184223/

  14. 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

    #ASEAN #ASEANSummit #ASEAN3MacroeconomicResearchOfficeAMRO #Asia #AssociationOfSoutheastAsianNationsASEAN #BongbongMarcos #business #businessNews #BusinessWorld #CarloCarrasco #corruption #corruptionInThePhilippines #corruptionScandal #economicGrowth #economics #economy #EconomyOfThePhilippines #finance #financialGrowth #floodControl #floodControlProjects #floodControlScandal #foreignInvestors #GDP #GDPGrowth #grossDomesticProductGDP #growth #growthForecast #investments #investors #jobs #Marcos #money #news #Philippines #Pinoy #PinoyBlog #PresidentMarcos #scandal #SoutheastAsia #WordPress #WordPressCom
  15. South Korea’s KOSPI Falls Below 6,900 Despite Wall Street Rally; Foreign and Institutional Investors Sell Off — BigGo Finance

    South Korea’s KOSPI opened down more than 1% on October 7, surrendering the 6,900 level despite record highs…
    #EuropeSays #Korea #KR #SouthKorea #Alteogen #foreigninvestors #GoldmanSachs #institutionalinvestors #KOSDAQ #KOSPI #nasdaq #SamsungElectronics #SKhynix #Su0026P500
    europesays.com/korea/179681/

  16. 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

    #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #business #businessNews #CarloCarrasco #ChatGPT #economics #economy #EconomyOfThePhilippines #EduardoJoseLAliño #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #geek #Google #GoogleSearch #governance #holiday #infrastructure #Instagram #internationalTrade #internationalTravel #Investagrams #investing #investment #investors #jobs #localTourists #LuzonEconomicCorridorLEC #Mastodon #money #NewAsahiGroupSubicTradingCorp #news #Philippines #PhilippinesBlog #Pinoy #publicService #SBMA #socialMedia #SoutheastAsia #SriLanka #SubicBay #SubicBayFreeportZone #SubicBayMetropolitanAuthoritySBMA #technology #TipoHightechEcoParkTHEP #tourism #tourismBlog #tourists #trade #trading #travel #travelBlog #Twitter #WordPress #WordPressCom #worldTravel
  17. Global Market: Kospi slips as Samsung, SK Hynix decline before earnings

    South Korean shares fell on Tuesday as trading resumed after a long holiday weekend, with chipmakers declining ahead…
    #EuropeSays #Korea #KR #SK #foreigninvestors #HyundaiMotor #Koreanwon #KOSPI #LGEnergySolution #SamsungElectronics #semiconductorsector #SKGroup #SKhynix #SouthKoreastocks #third-quarterearnings
    europesays.com/korea/178495/

  18. 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.

    +++++

    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

    #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #business #businessNews #CarloCarrasco #ChatGPT #economics #economy #EconomyOfThePhilippines #EduardoJoseLAliño #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #geek #Google #GoogleSearch #governance #Greece #HellenicASEANBusinessCouncilHABC #holiday #infrastructure #Instagram #internationalTrade #internationalTravel #Investagrams #investing #investment #investors #jobs #localTourists #LuzonEconomicCorridorLEC #Mastodon #money #news #Philippines #PhilippinesBlog #Pinoy #publicService #SBMA #socialMedia #SoutheastAsia #SubicBay #SubicBayFreeportZone #SubicBayMetropolitanAuthoritySBMA #technology #tourism #tourismBlog #tourists #trade #trading #travel #travelBlog #Twitter #WordPress #WordPressCom #worldTravel
  19. Foreign Investors Dump 20 Trillion Won in Korean Stocks in a Month

    Employees work in the dealing room at Hana Bank in Seoul’s Jung-gu district on Feb. 2, as the…
    #EuropeSays #Korea #KR #KoreaExchange #foreigninvestors #foreignownershipratio #KOSPInetselling #KRX #SamsungElectronics #SKhynix #third-quarterearnings
    europesays.com/korea/177443/

  20. Foreigners Dump 20 Trillion Won in Korean Stocks in a Month

    An electronic board at Hana Bank’s dealing room in Seoul’s Jung-gu district displays the Kospi and Kosdaq indexes…
    #EuropeSays #Korea #KR #KoreaExchange #foreigninvestors #foreignownership #Koreanstockmarket #KOSPI #KRX #netselling #SamsungElectronics #SKhynix
    europesays.com/korea/176961/

  21. South Korea’s KOSPI Posts -19% Q3 Return, Worst Among 20 Major Global Markets — BigGo Finance

    South Korea’s KOSPI index recorded the lowest return among major global equity markets in the third quarter of…
    #EuropeSays #Korea #KR #SouthKorea #foreigninvestors #HanJi-young #KoreaExchange #KOSDAQ #KOSPI #Micron #SamsungElectronics #ShinEol #SKhynix #U.S.10-yearTreasuryyield
    europesays.com/korea/176573/

  22. 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.

    +++++

    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

    #AirTravel #airport #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #bidding #Bing #business #businessNews #BusinessMirror #CarloCarrasco #Ceberus #Cerberus #CerberusAsiaPacificInvestmentsLLC #CerberusCapitalManagement #ChatGPT #economics #economy #EconomyOfThePhilippines #EduardoJoseLAliño #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #geek #Google #GoogleSearch #governance #holiday #infrastructure #Instagram #internationalTrade #internationalTravel #Investagrams #investing #investment #investors #jobs #localTourists #LuzonEconomicCorridorLEC #Mastodon #modernization #money #news #Philippines #PhilippinesBlog #Pinoy #publicService #SBMA #socialMedia #SoutheastAsia #SubicBay #SubicBayFreeportZone #SubicBayInternationalAirportSBIA #SubicBayMetropolitanAuthoritySBMA #SwissChallenge #technology #tourism #tourismBlog #tourists #trade #trading #travel #travelBlog #Twitter #WordPress #WordPressCom #worldTravel
  23. South Korea’s KOSPI Attempts to Reclaim 7,000 Mark; Foreign Investor Return Key Amid Share Buyback Void — BigGo Finance

    South Korea’s KOSPI attempted to reclaim the 7,000 level in intraday trading on the 2n…
    #Conflict #Conflicts #War #DaishinSecurities #foreigninvestors #KiwoomSecurities #KoreaInvestmentu0026amp;Securities #Kosdaq #KOSPI #Micron #MiraeAssetSecurities #northkorea #SamsungElectronics #SamsungSecurities #sharebuyback #SKHynix #U.S.Treasuryyields
    europesays.com/3284840/

  24. South Korea’s KOSPI Attempts to Reclaim 7,000 Mark; Foreign Investor Return Key Amid Share Buyback Void — BigGo Finance

    South Korea’s KOSPI attempted to reclaim the 7,000 level in intraday trading on the 2nd but was held…
    #EuropeSays #Korea #KR #SamsungElectronics #DaishinSecurities #foreigninvestors #KiwoomSecurities #KoreaInvestmentu0026amp;Securities #KOSDAQ #KOSPI #Micron #MiraeAssetSecurities #Samsung #SamsungSecurities #sharebuyback #SKhynix #U.S.Treasuryyields
    europesays.com/korea/175101/

  25. Foreign Investors Dump 21.5 Trillion Won in September, Led by Samsung and SK hynix

    Stock prices are displayed in the dealing room at Hana Bank’s headquarters in Jung-gu, Seoul, on the 30th.…
    #EuropeSays #Korea #KR #KoreaExchange #foreigninvestors #KOSPInetselling #KRX #SamsungElectronics #semiconductorstocks #SKhynix #U.S.Treasuryyields
    europesays.com/korea/172311/

  26. Korea’s Retail Traders Just Made a $1.6 Billion Bet Against the Crowd as KOSPI Sinks

    Korea retail investors buy into a falling KOSPI stock market. Photo by BeInCrypto Korean retail investors bought $1.6…
    #EuropeSays #Korea #KR #foreigninvestors #KOSPI #KOSPIIndex #retailinvestors #Retailtraders #SouthKorea
    europesays.com/korea/169811/

  27. KOSPI Falls Back Below 7,000 as Chip Stocks Lead Selloff

    A dealing room at Hana Bank’s headquarters in Seoul’s Jung-gu district on the 28th. News1 South Korea’s KOSPI…
    #EuropeSays #Korea #KR #KoreaExchange #foreigninvestors #KOSDAQ #KOSPI #KRX #SamsungElectronics #semiconductorstocks #SKhynix
    europesays.com/korea/169581/

  28. KOSPI Turnover Rate Falls to Yearly Low as Trading Momentum Fades

    The Kospi is displayed in the dealing room at Hana Bank’s headquarters in Jung-gu, Seoul, on the 28th.…
    #EuropeSays #Korea #KR #Seoul #foreigninvestors #investordeposits #KoreaExchange #KOSPIturnoverrate #SamsungElectronics #SKhynix #U.S.PCEindex
    europesays.com/korea/169451/

  29. U.S. Treasury Yields Settle Above 5% as New Floor

    ▲ AI PRISM* Personalized Economic Briefing * Editor’s note: “AI PRISM” (Personalized Report & Insight Summarizing Media) is…
    #EuropeSays #Korea #KR #SKSquare #30-yearTreasuryyield #excesstaxrevenue #fiscaltrilemma #foreigninvestors #securitytokenoffering #SK #U.S.Treasuryyields
    europesays.com/korea/168989/

  30. Foreigners Bet 1.28 Trillion Won on SK Square, SK Innovation, Korean Air

    A display board at Hana Bank’s dealing room in Seoul shows the Kospi and other indexes on Nov.…
    #EuropeSays #Korea #KR #SKSquare #foreigninvestors #KoreaExchange #KoreanAir #netbuying #retailinvestors #SK #SKInnovation
    europesays.com/korea/168541/

  31. 3 Canadian Growth Stocks With Earnings Growth Over 34%

    Foreign investors have poured a record US$942b into US shares over the past year, which highlights how quickly…
    #Canada #Cameco #earningsgrowth #EnergyFuels #foreigninvestors #fuelservices #MDA #pricingpower #revenuegrowth
    europesays.com/canada/226607/

  32. Tourism Labor Shortage in Vietnam

    As more foreign tourists keep arriving in Vietnam, some questions about the future of the nation’s tourism industry are being raised as a tourism labor shortage has been realized, according to a news article by VnExpress.

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

    Vietnam’s tourism industry is racing ahead, with international arrivals hitting new highs, but the sector is facing a growing shortage of skilled workers, from hotel staff and chefs to foreign-language guides and senior managers.

    The third most visited country in Southeast Asia after Malaysia and Thailand welcomed nearly 16 million international visitors in the first eight months of 2026, up 14.4% year-on-year, driving up demand across hotels, travel companies, transport, restaurants and tourist attractions.

    A 2026 survey by Hoteljob.vn found that nearly 90% of tourism businesses planned to recruit.

    In Ho Chi Minh City alone, 89.7% of businesses were hiring, while 71.8% said recruitment was difficult or very difficult. The biggest shortages were among frontline workers, particularly in housekeeping, engineering, food service, front-office operations, and kitchens.

    The Politburo’s Resolution dated Aug. 22, along with the government’s action programme adopted on Sept. 7, set the target for tourism to directly contribute 10-12% of GDP by 2030, attracting 45-50 million international visitors and generate total revenue of US$80-90 billion.

    Hanoi, Ho Chi Minh City, and Da Nang are envisioned as major tourism growth hubs, while Phu Quoc emerges as a new hub. These targets will place greater demands on the tourism workforce, not only in terms of numbers but also skills, from frontline workers and foreign-language guides to managers, technology specialists and professionals delivering high-end services.

    Ho Chi Minh City’s tourism sector, for example, is facing gaps in supervisory and management positions, as businesses seek staff capable of operating in an increasingly digitalized, international and competitive environment.

    Foreign-language tour guides are another weak link. Demand is rising rapidly from markets such as Russia and India, while arrivals from Europe and the Middle East are also increasing. Yet training guides with the language skills and cultural knowledge needed to serve these markets can take years.

    The labor crunch is even more acute in destinations far from major urban centers.

    In Con Dao, hotels and resorts regularly struggle to recruit receptionists, housekeepers, chefs, and service staff, while travel companies face shortages of sales, marketing, and tour guide staff.

    Higher salaries have done little to solve the problem. The island’s high cost of living and distance from the mainland make it difficult to attract and retain skilled workers, with many leaving after only a few months.

    According to Hoteljob.vn, 79.5% of tourism businesses have raised salaries or improved benefits over the past year. Yet 59.2% cited lower incomes compared with other industries as a key reason young people leave the profession, while limited career prospects were another major factor.

    Experts say Vietnam’s tourism labor shortage is not simply about training more people.

    The bigger challenge is narrowing the gap between what schools teach and what employers need. Nearly 80% of businesses surveyed said fewer than 20% of young applicants could start work immediately, while more than 84% said new recruits needed at least a month before they could work independently.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you think Vietnam should open its doors and bring in trained tourism workers from overseas to solve their tourism labor shortage?

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

    +++++

    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

    #AirTravel #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #business #businessNews #CarloCarrasco #ChatGPT #diversity #domesticTourism #economics #economy #EconomyOfVietnam #employment #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #foreignTravel #foreignTravelers #foreignVisitors #geek #Google #GoogleSearch #holiday #Inclusion #Instagram #internationalTourism #internationalTravel #Investagrams #investment #investor #investors #jobs #labor #Mastodon #money #mustSee #socialMedia #tourism #tourismBlog #tourist #touristBlog #travel #travelBlog #Tumblr #vacation #Vietnam #VisitVietnam #VnExpress #VnExpressInternational #VnExpressNet #WordPress #WordPressCom #work #worldTravel
  33. Thailand Eyes Over $600 Million in Additional Tourism Spending Through Domestic Stimulus

    As the government of Thailand plans to spend money to support hotel stays and tourism-related expenses, the nation is targeting more than $600 million in additional tourism spending, according to a news article by VnExpress.

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

    Thailand is targeting more than 20 billion baht (US$601 million) in additional tourism spending through a domestic travel stimulus.

    The government plans to spend about 4 billion baht to subsidize hotel stays and other tourism expenses, Tourism and Sports Minister Surasak Phancharoenworakul said as cited by Bloomberg.

    The package, covering one million entitlements, is expected to be submitted to the Cabinet on Sept. 22, Bangkok Post reported.

    The measure reflects Thailand’s growing reliance on domestic travelers to support tourism, a major source of jobs and foreign exchange for Thailand.

    Thailand received 21.7 million foreign tourists through Sept. 12, down 3.4% from a year earlier. Their spending fell 1.9% to 1.06 trillion baht.

    Domestic travel has performed better, with trips by Thais rising 2% to 142 million and spending increasing 1.9% to 824.6 billion baht.

    Under the plan, the government will subsidize accommodation by up to 2,000 baht per entitlement. Travelers will also receive co-payment vouchers worth up to 2,000 baht for restaurants, spas, shops and tourism activities, with higher benefits available in secondary destinations. Each person can use up to five entitlements.

    The subsidies are scheduled to run from Nov. 1 to Dec. 15, pause during the peak New Year period, and resume on Jan. 16, 2027, through the end of February.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you think this development will improve Thailand’s tourism appeal? Do you think the government should be more involved with the tourism industry?

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

    +++++

    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

    #AirTravel #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #business #businessNews #CarloCarrasco #ChatGPT #diversity #domesticTourism #economics #economy #EconomyOfThailand #employment #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #foreignTravel #foreignTravelers #foreignVisitors #geek #Google #GoogleSearch #holiday #Inclusion #Instagram #internationalTourism #internationalTravel #Investagrams #investment #investor #investors #jobs #labor #Mastodon #money #mustSee #socialMedia #Thailand #tourism #tourismBlog #tourist #touristBlog #travel #travelBlog #Tumblr #vacation #visitThailand #VnExpress #VnExpressInternational #VnExpressNet #WordPress #WordPressCom #work #worldTravel
  34. Russian Arrivals to Vietnam to Hit Record High This Year

    If the current pace continues, the number of Russians arriving in Vietnam this year will result in a record-high, according to a news article by VnExpress. To be clear, Russia is already a very fast-growing market of tourists for Vietnam which has a booming tourism industry.

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

    The number of Russian visitors to Vietnam is forecast to reach a historic record of 1.5 million this year, a senior official has said.

    Russian news website news.ru quoted Nikita Kondratiev, Director of the Department for Multilateral Economic Cooperation and Special Projects under Russia’s Ministry of Economic Development, as saying that even during the pre-pandemic peak in 2018-2019, Russian arrivals to Vietnam stood at only around 700,000-800,000.

    The figures show impressive growth in the tourism sector, he noted.

    According to the official, key factors behind Vietnam’s growing appeal include the maintenance and expansion of direct air routes, as well as convenient payment options for Russian tourists through QR codes and MIR bank cards at some locations in Vietnam.

    The strong interest from the Russian market is fully reflected in recently released statistics.

    On Sept. 4, Travel Russian News cited figures from the Vietnam National Authority of Tourism showing that Russian arrivals to Vietnam surpassed 1 million in the first eight months of 2026, representing a 165.7% increase year-on-year. This was the highest growth rate among Vietnam’s major international tourist markets.

    With this result, Russia jumped from around seventh place in 2025 to become Vietnam’s third largest source market, behind China with 3.54 million visitors and South Korea 2.76 million.

    Let me end this piece by asking you readers: What is your reaction to this development? Apart from what was reported, what do you think makes Vietnam such a very attractive place for Russians? Do you think other Southeast Asian nations are discreetly making plans of their own to attract Russian tourists away from Vietnam?

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

    +++++

    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

    #AirTravel #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #business #businessNews #CarloCarrasco #ChatGPT #diversity #domesticTourism #economics #economy #EconomyOfVietnam #employment #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #foreignTravel #foreignTravelers #foreignVisitors #geek #Google #GoogleSearch #holiday #Inclusion #Instagram #internationalTourism #internationalTravel #Investagrams #investment #investor #investors #jobs #labor #Mastodon #money #mustSee #Russia #Russians #socialMedia #tourism #tourismBlog #tourist #touristBlog #travel #travelBlog #Tumblr #vacation #Vietnam #VisitVietnam #VnExpress #VnExpressInternational #VnExpressNet #WordPress #WordPressCom #work #worldTravel
  35. 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.

    +++++

    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

    #AirTravel #airport #America #ArtificialIntelligenceAI #ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Australia #BestWestern #BestWesternPlusHotelSubic #Bing #business #businessNews #Canada #CarloCarrasco #ChatGPT #economics #economy #EconomyOfThePhilippines #EduardoJoseLAliño #Facebook #Fediverse #finance #foreignInvestors #foreignTourists #France #geek #Google #GoogleSearch #governance #holiday #industry #infrastructure #Instagram #internationalTrade #internationalTravel #Investagrams #investing #investment #investors #Italy #Japan #jobs #localTourists #LuzonEconomicCorridorLEC #Mastodon #modernization #money #news #Nippon #Philippines #PhilippinesBlog #Pinoy #publicService #SBMA #seaport #socialMedia #SouthKorea #SoutheastAsia #SubicBay #SubicBayFreeportZone #SubicBayInternationalTerminalCorporationSBITC #SubicBayMetropolitanAuthoritySBMA #SubicDrydockCorporation #Sweden #technology #tourism #tourismBlog #tourists #trade #trading #travel #travelBlog #Twitter #UnitedKingdomUK #UnitedStates #UnitedStatesOfAmerica #UnitedStatesOfAmericaUSA #USTradeAndDevelopmentAgencyUSTDA #USA #USTDA #WordPress #WordPressCom #worldTravel
  36. Hitachi to Build $528-million Transformer Manufacturing Plant in America

    Hitachi Energy Ltd. – a global leader in energy technology and electrification – announced yesterday that it will invest almost $530 million to construct a transformer manufacturing plant in the state of Mississippi in the United States, according to a news article by Jiji Press. The investment is to help meet the rising power demand as the use artificial intelligence (AI) keeps on rising.

    Hitachi Energy Ltd. is the energy arm of the Hitachi Group with over a century of innovation, and a long list completed projects that helped people for their access to dependable energy.

    To put things in perspective, posted below is the entire news article of Jiji Press. Some parts in boldface…

    Hitachi Energy Ltd. said Wednesday that it will invest 528 million dollars to build a transformer manufacturing plant in Mississippi to meet surging U.S. power demand amid wider use of artificial intelligence.

    The Swiss unit of Hitachi Ltd. expects the plant to more than double its production capacity compared with an existing transformer plant in Mississippi. Construction of the new plant will begin later this year, with production scheduled to start in 2029.

    The new plant will be “the cornerstone” of Hitachi Energy’s 1.5-billion-dollar U.S. investment plan, the company said.

    In September last year, Hitachi Energy said it would invest 1 billion dollars in the United States. It later expanded the plan as Japan pledged to make 550 billion dollars in investment and loans to the United States as part of a bilateral trade agreement.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you consider this new investment by Hitachi a crucial one in relation to the rising demand for power in the United States? Are you hoping that the bilateral trade agreement between the United States and Japan will create economic and energy breakthroughs for Americans 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.

    +++++

    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

    #America #Asia #Bing #business #businessNews #CarloCarrasco #ChatGPT #diversity #DonaldJTrump #DonaldTrump #economics #economy #EconomyOfJapan #EconomyOfTheUnitedStates #electricity #energy #Facebook #Fediverse #foreignInvestment #foreignInvestors #geek #Google #GoogleSearch #Hitachi #HitachiEnergyLtd #HitachiGroup #HitachiLtd #Inclusion #Instagram #Instapundit #Investagrams #investing #investment #investors #Japan #Japanese #JijiPress #MAGA #MakeAmericaGreatAgain #MakeAmericaGreatAgainMAGA #Mastodon #Mississippi #Nippon #power #powerGrid #PresidentTrump #socialMedia #trade #tradeAgreements #tradeDeals #trading #Trump #TrumpSAmerica #Tumblr #Twitter #UnitedStates #UnitedStatesOfAmerica #UnitedStatesOfAmericaUSA #USA #WordPress #WordPressCom
  37. 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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  38. Russia and the Philippines Emerge as Fast-Growing Tourist Markets for Vietnam

    As Vietnam successfully attracted almost sixteen million foreign tourists during the first eight months of this year, Russia and the Philippines have emerged as the fast-growing tourist markets at 166% and 58% respectively, according to a VnExpress news report.

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

    Tourist arrivals from Russia and the Philippines surged 166% and 58%, respectively, in the first eight months, as Vietnam recorded nearly 16 million international visitors, up more than 14% year-on-year.

    The rise in Russian tourists has made Russia the largest European market and the third largest source of international arrivals to Vietnam this year, with around 1 million visitors, only after mainland China (3.5 million) and South Korea (2.8 million).

    Nguyen Tien Dat, CEO of AZA Travel, said: “Russian tourists enjoy swimming, sunbathing, eating seafood, and relaxing at resorts. Vietnam fully meets these needs, so it is understandable why they are visiting in large numbers,” Dat says.

    Kristina Zagumennaya, director of a Russian travel agency, told the Russian news agency Sputnik in early August that Russian tourist flows are shifting between markets. While Turkey remains the top choice, Vietnam and China have recorded outstanding growth.

    “Vietnam stands out as a popular choice this tourist season,” Zagumennaya said, noting that multiple charter flights are operating to destinations across the country to meet demand for both beach holidays and cultural tourism.

    In addition to charter flights, Vietnam Airlines increased the frequency of its direct Hanoi-Moscow route from three to four flights per week starting in July.

    Ranking behind Russia, the Philippines also showed notable growth, despite not being a prominent source market for Vietnamese tourism prior to 2025.

    Filipino visitors have risen to nearly 470,000 this year, among the 10 largest group of foreign visitors to Vietnam.

    Bui Thanh Tu, marketing director of BestPrice Travel, attributes this rise to more convenient flight routes, especially from Manila and Cebu, competitive costs, and tourism products that differ from the island destinations familiar to Filipinos.

    He also cites the viral impact of TikTok and YouTube videos featuring Hanoi, Sa Pa, Da Nang, and Hoi An.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you find it surprising that Russia and the Philippines became the fastest growing tourist markets for Vietnam? Do you think it is only a matter of time before Vietnam could someday attract at least 30 million foreign tourists per 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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  39. Vietnam Attracts Almost 16 Million Foreign Tourists in First 8 Months of 2026

    The tourism boom in Vietnam continued strongly as the nation successfully attracted almost sixteen million foreign tourists during the first eight months of 2026, according to a news report by VnExpress.

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

    Vietnam welcomed nearly 2 million international visitors in August, up 19.7% from July and 18.4% year-on-year, according to the Vietnam National Authority of Tourism.

    In the first eight months of this year, the country received nearly 16 million foreign visitors, an increase of 14.4% from the same period in 2025 and equivalent to 63.6% of the full-year target.

    The August figure is notable as the month is usually considered part of the low season for international tourism.

    The result shows that the country’s tourism market continued to maintain and expand its appeal. Air travel remained the main mode of entry, accounting for 83% of international arrivals, while arrivals by road continued to increase, particularly from neighboring countries.

    By region, Asia was still Vietnam’s largest source market, with about 11.8 million visitors in the eight-month period, making up nearly 74% of the total and increasing 7.4% year-on-year.

    Europe recorded the strongest growth among major regions, at 53.4%, with about 2.68 million visitors.

    Arrivals from the Americas reached around 887,000, up 20.7%, while those from Oceania rose 23.3% to nearly 489,000. Africa sent about 45,000 visitors to Vietnam, up 25.1%.

    The tourism authority said the figures show that Vietnam is expanding its reach beyond nearby Asian markets, with strong growth from long-haul markets, helping diversify the visitor base and reduce dependence on individual markets.

    By country, China remained Vietnam’s largest source market, with 3.54 million visitors, accounting for about 22.3% of the total. South Korea ranked second with approximately 2.76 million visitors, or 17.3%. Together, the two markets provided more than 6.3 million visitors, nearly 40% of the country’s total.

    Russia ranked third with more than 1 million visitors, representing a year-on-year increase of about 165.7%, the highest growth among major source markets.

    Other key markets also posted strong growth. Visitors from the U.S. increased 20.4%, Cambodia 41.5%, Japan 9.2%, the Philippines 58.8% and Australia 23.3%.

    European markets continued to perform well, with arrivals from the U.K. rising 9.8%, France 13.4%, Germany 15.1%, Sweden 25.1%, Switzerland 27%, Poland 51.2% and the Czech Republic 28.2%. In Southeast Asia, tourists from Malaysia grew 20.5%, Singapore 31.7%, and Indonesia 26.7%.

    India was another fast-growing market. The number of Indian visitors rose from just 102,000 in 2019 to more than 612,000 in the first eight months of 2026.

    The expansion of direct air services between major Indian cities and Hanoi, Ho Chi Minh City, and Da Nang has helped make Vietnam more accessible to Indian travelers.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you think Vietnam can attract at least 25 million foreign tourists by the end of this year? If you plan to visit Vietnam soon, what are your three main reasons for visiting?

    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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  40. Philippines GDP Growth Unlikely To Reach 6% In Medium Term

    Several economic factors and the continued vulnerability to climate-driven shocks make it unlikely for the Philippines to achieve gross domestic product (GDP) growth of 6% in the medium term, according to a news report by BusinessWorld citing Moody’s Ratings.

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

    MOODY’S RATINGS said the Philippines’ medium-term growth outlook seems bleak as its slow  investment recovery and vulnerability to climate-driven shocks may derail its economic rebound.

    In a statement following its latest rating action on the Philippines, the debt watcher said the country’s gross domestic product (GDP) growth is expected to hover below its pre-pandemic level of around 6% over the medium term.

    “The Philippines’ medium-term growth will continue to be underpinned by favorable demographics, resilient remittances and service exports, and a gradual strengthening of investment as confidence recovers, with electronics and other goods exports providing a more marginal offset,” Moody’s Ratings said late on Monday.

    “Even so, we expect medium-term potential to settle somewhat below the near-6% pace recorded before the pandemic, as investment recovers only gradually and the economy remains exposed to recurrent natural disasters and climate-related shocks,” it added.

    Moody’s slashed its Philippine GDP growth forecast for this year to 3.6% from 5.5%. This falls near the bottom end of the government’s 3.5%-4.5% target for the year.

    In the second quarter, GDP growth tumbled to a new post-pandemic low of 2.3%, bringing average growth to 2.6% in the first half.

    The fourth consecutive quarter of slowing growth came as investments continued to reel from last year’s flood control corruption scandal, while rising prices amid the Middle East war squeezed household spending.

    Moody’s Ratings noted that the Middle East war shocks and investment slump are “largely cyclical,” with an investment-driven recovery expected later this year.

    “The recovery from the second half of 2026 should be led by a rebound in public investment as the government resumes stalled disbursements and normalizes spending execution,” it said.

    Moody’s Ratings said that local investments should focus on public infrastructure and public-private partnerships, especially in renewable energy “as the country diversifies its energy mix in response to the recent shock.”

    The government’s recent reforms should also eventually boost investment and productivity as their benefits are realized, the debt watcher said.

    These include the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act, foreign investment liberalization, and allowing more private and foreign participation in sectors such as renewable energy.

    By 2027, Moody’s Ratings expects GDP to expand by 5.3%, although still slower than its previous estimate of 5.6%.

    Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the economy of the Philippines really does not have enough strength to achieve 6% GDP growth anytime soon? Do you think the current economic managers know what they are doing? Do you think there will absolutely be no economic gains from the Philippines’ hosting of the 2026 ASEAN Summit?

    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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  41. Thailand’s 2026 Tourism Revenue Reaches $29.8 Billion as of August 22

    Thailand, one of the leaders of tourism in Southeast Asia, saw its 2026 tourism revenue reach almost $30 billion as of August 22 and it has also attracted over twenty million foreign tourists along the way, according to a report by VnExpress.

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

    Thailand, Southeast Asia’s second-most visited country after Malaysia, recorded tourism revenue of 984.32 billion baht (US$29.8 billion) between Jan. 1 and Aug. 22, down 2.9% year-on-year, amid a slowdown in tourist arrivals.

    The top five sources of tourists contributing to this revenue were China, Malaysia, India, Russia, and South Korea, Nation Thailand reported.

    The tourism-dependent country welcomed 20.32 million international visitors during the period, down 2.96% from the same period last year.

    Once a tourism powerhouse in Southeast Asia, Thailand has faced a slowdown in foreign arrivals since last year amid growing concerns over kidnapping and visitor safety.

    Safety concerns have intensified following the deaths of two Russian tourists and three members of a Thai family in Chon Buri Province earlier this month, Bangkok Post reported.

    The recent kidnapping of a Chinese tourist, who managed to escape before being taken across the border into Myanmar, has renewed concerns over the safety of foreign visitors.

    The Thai government has cut its forecast for Chinese arrivals in 2026 from 9 million to 7 million.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you think Thailand’s tourism can somehow attract more foreign tourists and at least match their 2025 numbers? Do you consider Thailand a very safe place for foreigners? If you have visited Thailand before, did you get good value in return on your spending there?

    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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  42. Tourism Industry of Vietnam Shifts Focus From Visitor Numbers to Spending

    As it enjoys the many benefits of the ongoing tourism boom, Vietnam now has the opportunity to truly build itself up economically by means of long-term investments and creating new jobs. That said, the tourism industry of the nation has shifted focus from attracting visitors to higher spending, longer stays and other economic opportunities, according to a news report by VnExpress.

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

    Vietnam is shifting tourism growth from attracting more visitors to generating greater value from each trip, with a focus on higher spending, longer stays, green development, technology application and cultural experiences.

    The country aims to welcome 45-50 million international visitors and 160 million domestic tourists by 2030, Do Cam Tho, head of the Planning and Finance Division at the Vietnam National Authority of Tourism (VNAT) under the Ministry of Culture, Sports and Tourism, said at HORECFEX Vietnam 2026, a major hospitality and tourism forum.

    She said 2026-27 would be a pivotal period in shifting tourism development from expansion in scale to deeper value creation.

    Vietnam welcomed 21.2 million international visitors and 137 million domestic tourists in 2025, with total tourism revenue estimated at around VND1 quadrillion ($38.1 billion).

    In the first seven months of 2026, the country received nearly 13.92 million foreign tourists, up 13.8% year on year, while domestic visitors numbered about 98 million, with tourism revenue of 675 trillion VND.

    International visitors currently spend an average of US$1,200-1,400 per trip in Vietnam, while domestic tourists about 2.4-2.6 million VND (US$92-99).

    About 70% of foreign visitors come from China, the Republic of Korea, Japan and Taiwan (China), while markets with higher spending power, including the Middle East, Northern Europe, North America and Australia, still account for relatively small shares.

    Tourism is receiving greater attention as Vietnam seeks to achieve rapid national development and make tourism a spearhead economic sector, Tho was quoted by Tuoi Tre (Youth) newspaper as saying.

    Under the proposed approach, Vietnam targets total tourism revenue of $80-90 billion by 2030. The country is expected to have about 1.5 million accommodation rooms and tourism is projected to create around 5.8 million direct and indirect jobs.

    Among three development scenarios for 2030, the most ambitious targets annual international visitor growth of 15-18%. Achieving it will require institutional reforms, development of the night-time economy, diversification of high-end markets and measures to increase visitor spending.

    VNAT said Vietnam will continue to consolidate Northeast Asian and ASEAN markets while expanding into Europe, North America, Australia and other markets with high spending capacity and longer stays.

    India, the Gulf Cooperation Council (GCC) countries, Russia and Muslim markets have been identified as areas with significant growth potential.

    For domestic tourism, the focus will shift from boosting visitor numbers to encouraging higher spending, with an emphasis on two- to three-day weekend getaways, high-end Meetings, Incentives, Conferences and Exhibitions (MICE) tourism, family vacations and night-time tourism.

    Let me end this piece by asking you readers: What is your reaction to this development? Do you think Vietnam’s tourism industry players are fully prepared to make the most of the economic benefits that come with surging foreign and domestic tourism? Do you think new investments related with the tourism boom will be made soon in Vietnam? How many millions of new jobs do you think will be created in Vietnam as a result of the tourism boom?

    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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  43. 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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  44. BCDA To Ensure Philippines Will Benefit A Lot From Pax Silica

    The Bases Conversion and Development Authority (BCDA) recently announced that it will ensure the Philippines will benefit a lot from the ambitious Pax Silica project as they negotiate with the United States on the final framework, according to a GMA News report.

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

    The Bases Conversion and Development Authority (BCDA) on Wednesday said it will ensure that the Philippine side, negotiating with the US on the final framework agreement to hit the ground running for the Pax Silica project in New Clark City, Tarlac, will push for a deal that would be most beneficial for the country.

    At the Kapihan sa Manila Hotel, BCDA President and CEO Joshua “Jake” Bingcang said that the government is eyeing to sign the comprehensive framework agreement for the Pax Silica initiative with the US by November.

    However, Bingcang admitted that “negotiations can always take longer,” noting that the target signing “is not cast in stone as long as the two [parties] will come up with mutually agreed arrangement.”

    Nevertheless, the BCDA chief said the Philippines is pushing for terms that would “most beneficial sa’tin (to us)” as negotiations for the framework deal are ongoing.

    “It’s a business contract, normally it is favorable to the host country,” he said.

    Bingcang said the government has also made clear that the project will operate under the BCDA’s governing legal framework and applicable investment laws.

    “It would be covered by two Philippine laws —the BCDA law and CREATE MORE so the incentives provided will be covered by these two laws,” he said.

    “Never in that initial arrangement that we are going to adopt anything other than the two laws,” he added.

    Pax Silica is the US Department of State’s flagship initiative on artificial intelligence and supply chain security, aimed at advancing a new economic security framework among allies and trusted partners.

    The Philippines in April officially joined the Pax Silica initiative, cementing its place among other 23 global signatories, including the European Union, Japan, India, Singapore, South Korea, and the United Kingdom.

    As part of the initiative, Manila and Washington are working to establish a 4,000-acre industrial hub that is envisioned as a new model for AI-focused investment within the Luzon Economic Corridor.

    The BCDA chief earlier clarified that the Pax Silica hub is not envisioned as a cluster of hyperscale data centers but as an industrial hub that would include the manufacturing of semiconductors and microchips used in computers, laptops, electric vehicles, and other technologies.

    Bingcang said that through Pax Silica, the Philippines and its partners see an opportunity to process raw materials domestically instead of exporting them in unprocessed form.

    Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that the BCDA will be able to secure an agreement with the Americans to ensure the Philippines will benefit from Pax Silica economically? Do you realize Pax Silica’s potential to boost manufacturing jobs and the processing of raw of materials in 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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  45. 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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  46. 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.

    +++++

    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

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  47. Thursday, August 13, 2026

    Cheaper than a missile, just as hard to down — Russia's Banderol munition adds strain to Ukraine's air defenses . . . . . Explosions rock Russia's Novorossiysk after unique operation targeting Black Sea Fleet . . . . . Ukraine liberated 745 square km in Oleksandrivka sector since January . . . . . Ukraine could destroy all the Russians ballistic missiles if US sells 10% of Patriot missile supply to Kyiv . . . . . and more

    activitypub.writeworks.uk/2026

  48. 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.

    +++++

    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

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  49. 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.

    +++++

    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

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  50. 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.

    +++++

    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

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  51. 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.

    +++++

    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

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  52. SBMA And BCDA Agree To Use Port Of Subic Bay As Maritime Gateway For Pax Silica

    The Subic Bay Metropolitan Authority (SBMA) announced that it has sealed a formal agreement with the Bases Conversion and Development Authority (BCDA) to make the Port of Subic Bay the preferred maritime gateway for Pax Silica.

    Launched in late-2025, Pax Silica is a United States-led strategic coalition to secure the global supply chains for artificial intelligence and semiconductors. Pax Silica was designed to counter China’s dominance in technology manufacturing and earth minerals.

    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) and the Bases Conversion and Development Authority (BCDA) have agreed to make the Port of Subic Bay the preferred maritime gateway for the Pax Silica initiative.

    The partnership was confirmed in the signing of the Memorandum of Understanding (MOU) between SBMA Chairman and Administrator Eduardo Jose L. Aliño and BCDA President and CEO Joshua M. Bingcang at the Bonifacio Technology Center in BGC, Taguig City, on July 20, 2026.

    “Having the Port of Subic Bay as the preferred maritime gateway for Pax Silica Operations within the Luzon Economic Corridor is a great honor for the SBMA. It is, in fact, a crowning recognition of the invaluable role the Port of Subic Bay can play, on par with the initiatives to support the National Government regarding Pax Silica,” Aliño said.

    “As part of the Luzon Economic Corridor, Subic Bay’s deep-water port and shipyard facilities are designed to transport raw materials like nickel and copper quickly, and processed tech goods between the port and the AI-native Economic Security Zone, or ESZ, in New Clark City,” he added. Meanwhile, Bingcang highlighted that the Port of Subic Bay offers a strategic advantage for the Pax Silica initiative. It serves as a critical gateway that enables the efficient movement of raw materials into the country and the timely delivery of finished products to customers,” PCEO Bingcang said. It serves as a critical gateway, enabling the efficient movement of raw materials into the country and the timely delivery of finished products to customers.

    He added that the partnership advances the Marcos administration’s whole-of-government approach to infrastructure development and investment promotion, while reinforcing the Luzon Economic Corridor through stronger integration of ports, industrial hubs, and emerging technology ecosystems that will generate quality jobs and long-term economic opportunities for Filipinos.

    Also present during the signing ceremony were SBMA Senior Deputy Administrator for Operations Ronnie Yambao and BCDA Senior Vice President for Legal Services Atty. Diana Joyce N. Basco-Galera.

    This partnership requires the SBMA to identify and evaluate specific land and port areas under its jurisdiction that can be strategically leveraged for the Pax Silica initiative. It also involves evaluating the infrastructure, utilities, logistics, and port support requirements for Pax Silica.

    The partnership would also include the assessment of land use compatibility and traffic connectivity with existing and planned master development plans of both economic zones; exchange of non-confidential information relevant to infrastructure planning and operational coordination.

    Both the BCDA and the SBMA would also conduct market sounding, logistics demand analysis, potential development phasing, and explore possible modes of cooperation or future project structures, subject to applicable laws and policies.

    Let me end this post by asking you readers: What is your reaction to this recent development? Were you surprised the SBMA and BCDA sealed the agreement on designating the Port of Subic for Pax Silica as a maritime gateway?

    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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