#pinoy — Public Fediverse posts

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

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

Dedicated Power Plant For Pax Silica’s Energy Needs

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

National Bilibid Prison Development Plan Tackled By Muntinlupa City Councilors

Recently in the progressive city of Muntinlupa, the development plan of the National Bilibid Prison was tackled by the City Council in the form of a public hearing with several stakeholders present, according to a Manila Bulletin news report.

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

The Muntinlupa City Council held a public hearing to address the impending development of the vast land of the New Bilibid Prison (NBP), which is expected to affect residents.

The NBP, located in Barangay Poblacion, is under the Bureau of Corrections (BuCor) and houses prison facilities.

The NBP Reservation, which refers to the surrounding areas outside the prison facilities, contains houses of BuCor employees, public school teachers, and residents, as well as public schools and churches.

The City Council’s Committee of the Whole, with all councilors present, conducted the public hearing together with presidents of resident associations and informal settlers, representatives from the Commission on Human Rights, Presidential Commission for the Urban Poor, Department of Human Settlements and Urban Development, and BuCor.

Councilor Raul Corro, majority floor leader, said the entire City Council held the hearing “due to the importance of the subject matter: the Bucor proposed master development plan for NBP.”

He explained that the hearing discussed the “concern of informal settlers on their relocation and the legal requirements to be met to have a relocation plan that meets the minimum livable requirements such as availability of basic services like water, power and other amenities.”

Corro emphasized that the city government is entitled to its equitable share in the development of any national wealth such as land under its jurisdiction, and should be informed about the kind of development to be implemented in NBP. 

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, what is your opinion about the planned development of the New Bilibid Prison which has a vast land that includes residences, communities, schools and churches already? What is the best place the City Government can find as the target destination of relocation the informal settlers?

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  @HavenorFantasy 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

Korean Teachers Bring Smiles To Kids In Muntinlupa City

Recently in the progressive city of Muntinlupa, volunteer teachers from Korea were deployed children development centers (CDCs) where they taught lessons and brought smiles to local kids, according to a news report by the Manila Bulletin.

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

The Muntinlupa City government welcomed the fourth batch of Korean volunteer teachers who were deployed to childhood development centers (CDCs).

The partnership of the Muntinlupa City government with the Korea International Cooperation Agency (KOICA) and the Philippine National Volunteer Service Coordinating Agency (PNVSCA) drives the program, which is designed to improve child development in the city.

Under the fourth batch, 16 volunteer teachers were assigned to the Laguerta Bulilit Center in Muntinlupa where they set up a Korean-style classroom model to teach parents and learners about nutrition, physical education, home play and music.

Mayor Ruffy Biazon said the volunteers are supporting the city’s Early Childhood Education Division.

“They go on duty at our childhood development centers,” he said, adding that the fourth batch includes volunteers who are specialists in child education.

Some had previously volunteered in Muntinlupa and other parts of the country and have returned.

For the volunteer program, the Muntinlupa City government was recognized as an International Local Volunteer Partner Institution Awardee by the PNVSCA.

In December 2023, Muntinlupa was recognized as the first Volunteerism Local Learning Hub in the country.

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, do you wish to see more Korean volunteer teachers get deployed to local child development centers?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

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

Muntinlupa Mayor Reacts To MWSS Decision On Maynilad Over Failure To Provide Continuous Water To Customers

Following the Metropolitan Waterworks and Sewerage System’s (MWSS) major decision to penalize water concessionaire Maynilad over its failure to provide continuous water supply to its customers, Muntinlupa City Mayor Ruffy Biazon welcomed it and called for long-term solutions, according to a news article by the Philippine News Agency (PNA).

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

Muntinlupa Mayor Ruffy Biazon welcomed the decision of the Metropolitan Waterworks and Sewerage System (MWSS) regulatory office to penalize Maynilad for failing to provide continuous water supply to customers in the city.

The total PHP54.28 million fine or PHP328 rebate per affected customer should serve as a lesson for Maynilad as it continues to be the primary water provider in its designated service area, Biazon said in a news release Tuesday.

“While this cannot undo the inconvenience experienced by our constituents, we expect that it will serve as a reminder to the water concessionaire to fulfill its obligation to deliver continuous and reliable service,” Biazon said.

He also calls on concerned government agencies to look into Laguna de Bay to see if the water is fit for domestic use. The proposed water quality check at the bay, which is within Metro Manila and Rizal and Laguna provinces, is part of the long-term solutions Biazon seeks to stabilize supply in the city.

“This should not be addressed with temporary solutions alone. We need long-term measures to ensure a sufficient, safe and continuous water supply,” he added.

Biazon summoned Maynilad officials in March to explain the recurring water interruptions and to present concrete, reliable, and long-term solutions to the supply problem.

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, do you think Maynilad will improve following the huge penalty they got as a result of the MWSS’ big decision? How often do you have access to water each day?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

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

Muntinlupa City Government Rolls Out P1,000 Monthly Cash Assistance For Solo Parents

The City Government of Muntinlupa has officially started the process of granting cash assistance of P1,000 to indigent solo parents in accordance to a local ordinance, according to a news report of the Manila Bulletin.

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

The Muntinlupa City government has begun implementing an ordinance, granting indigent solo parents P1,000 in monthly cash assistance.

More than 700 beneficiaries recently received their first quarter payout under Muntinlupa Ordinance No. 2025-311 or the Muntinlupa City Solo Parents Cash Subsidy Ordinance.

The measure is part of Mayor Ruffy Biazon’s directive to strengthen support for indigent solo parents.

The city government said those eligible to get the monthly cash assistance are minimum wage earners or below, self-employed or no regular jobs who earn minimum wage or below, and not beneficiaries of the national government’s Pantawid Pamilyang Pilipino Program (4Ps).

A solo parent is not qualified if all their children are beyond 22 years old.

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, do you think the cash assistance of P1,000 each for qualified solo parents is sufficient?

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  @HavenorFantasy 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