#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 2026 Foreign Tourist Arrivals Reach 4.11 Million as of August, U.S. and South Korea Remain Top Markets

With the Peso performing terribly in the global currency market, weakening economic growth, high inflation and fears of an economic recession growing, 2026 has not been good for the Philippines. There is a bright spot in tourism, however, as the Philippines saw its 2026 foreign tourist arrivals reach 4.11 million in the January-August period and the United States and South Korea combined for more than 1.5 million tourist arrivals, according to a news article by the Philippine News Agency (PNA).

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

The Philippines has recorded 4.11 million foreign arrivals from January to August, higher by 3.7 percent compared to the same period last year, the Department of Tourism (DOT) said on Tuesday.

The United States posted the highest number of share at 818,318, followed by South Korea at 727,379, Japan at 350,191, China at 310,088, and Australia at 234,156.

Also making it in the top 10 source markets are Canada with 231,972, Taiwan with 154,957, the United Kingdom with 132,370, Singapore with 126,812, and India with 77,883.

Tourism Secretary Dita Angara-Mathay said the Philippines targets to surpass its 2025 arrival figures to reach between 6.4 million and 6.8 million, or at least 7 million, by the end of 2026.

To achieve this, she said the DOT is intensifying its branding and promotions to reach more tourists in its key source markets.

The DOT is also in active talks with airlines to open up and establish more chartered flights between the Philippines and secondary cities of Korea and China.

DOT Assistant Secretary Ren Sapitan said the agency is also set to sign a contract with a creative agency in November to broaden the country’s marketing efforts and make the Philippines more visible worldwide.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be able to exceed the 2025 foreign tourist arrivals number by the end of this year? Do you think the DOT is doing a good job to strengthen the Philippines’ attraction of foreign tourists? Considering the Top 10 markets of foreign tourists the Philippines attracted so far, are you convinced that the nation’s hosting of the Association of Southeast Asian Nations (ASEAN) Summit did not create any positive tourism results?

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

Moody’s Analytics Cuts Philippines 2026 GDP Growth Forecast to 3%

By citing key factors like weak consumption, Middle East oil shock and the collapse in private investment, Moody’s Analytics officially slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 3%, 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…

MOODY’S ANALYTICS slashed its 2026 growth forecast for the Philippines, amid weak consumption and a collapse in private investment.

In its latest Asia-Pacific Outlook report dated Aug. 24, the analytics firm said it now sees Philippine gross domestic product (GDP) expanding by 3% this year, slower than its 4% projection in June.

“We lowered our 2026 GDP growth forecast to 3% from 4% in the June vintage after incorporating the second-quarter GDP result, which was far weaker than expected,” Moody’s Analytics Assistant Director and Economist Sarah Tan said in an e-mailed reply to questions.

The Philippine economy slumped to its worst post-pandemic growth of 2.3% in the April-to-June period, as investments and public construction continued to reel from last year’s flood control corruption scandal. Rising prices from the Middle East war-driven oil shock also strained household spending.

“The economy expanded by just 2.3% year on year, with private consumption showing notable weakness and private investment collapsing,” Ms. Tan noted. “This points to softer underlying domestic demand than we had previously anticipated.”

As of the first half of 2026, the country’s GDP growth averaged 2.6%, well below the government’s 3.5%-4.5% full-year target.

If Moody’s Analytics’ forecast holds true, the government will miss its growth target for a fourth year in a row. The economy would also further soften from last year’s post-pandemic low growth of 4.4%.

Economists earlier said that reaching even the bottom end of the government’s target entails a steep climb, as it means the economy must grow by at least 4.4% in the second half.

Moody’s Analytics sees growth recovering over the next two years to 4.6% in 2027 and 5.1% in 2028. The government wants full-year expansion to be between 5% and 6% from 2027 to 2030.

Meanwhile, GlobalSource Partners Country Analyst Diwa C. Guinigundo noted that the Philippines could face a more complicated path toward fiscal consolidation if growth remains below potential.

“Slower growth would make fiscal consolidation and debt reduction more difficult,” he said in a Viber message. “The issue is not simply that government revenues would grow more slowly; a weaker economy also means a smaller denominator for the debt-to-GDP ratio.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think 2026 will end up as a very disappointing year of economic growth for the Philippines? Do you think the economy of the Philippines could still fall into a recession in 2027 or in the first half of 2028? Are you convinced that the Philippines has nothing to gain economically from hosting the 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

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

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

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

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

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

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

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

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

Breaking down the revenue contributions for H1 2026:

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

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

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

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

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

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

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

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

Philippines Attracts FDI Worth $210 Million in May 2026

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

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

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

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

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

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

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

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

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

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

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

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

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

Bomb Threat Causes Disturbance In Barangay Ayala Alabang Office Building

A few days ago in the City of Muntinlupa, a tenant in the Park Trade Centre building in Barangay Ayala Alabang received a bomb threat which caused a disturbance and alerted the local police, 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…

An office in Barangay Ayala Alabang, Muntinlupa, received a bomb threat on Monday, Aug. 10, prompting a police investigation.

At 2:29 p.m., the administrator of a tenant firm on the fourth floor of the Park Trade Centre building on Investment Drive received an email claiming explosives had been planted on the premises.

The building’s security immediately alerted the Muntinlupa police.

Personnel from the Station EOD and Canine Unit (SECU) arrived at 3:35 p.m. to investigate. They conducted interviews and a threat assessment before carrying out a paneling operation, or search sweep, across different areas of the office.

By 4:10 p.m., the team declared the office clear of explosives or hazardous materials.

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, does this incident bother you? Can you guess what type of person would send a bomb threat via email to a local business?

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

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Vietnam Attracts 416,000 Visitors From The Philippines During First 7 Months Of 2026

Among the fourteen million foreign tourists Vietnam attracted during the first seven months of 2026 are visitors from the Philippines totaling 416,000, according to report by VnExpress. The authorities have described the Philippines as having the biggest increase among Southeast Asian markets.

The 416,000 of Philippine visitors is significant as there were over 480,000 Filipinos who visited Vietnam in the entire year of 2025. It is recalled that Filipino interest in visiting Vietnam has been strong and the governments of the two nations agreed to cooperate on tourism and air connectivity. As a tourist destination, the Philippines has been very weak attracting only 5.94 foreign tourists in 2025. Vietnam attracted over 21 million foreign tourists that same year.

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

The number of visitors from the Philippines to Vietnam jumped 63.6% year-on-year between January and July to 416,000, the biggest increase among Southeast Asian markets.

In the region, there were huge increases also in the number of arrivals from Cambodia, Singapore, Indonesia, and Malaysia. They increased by 40.8%, 31%, 27.3%, and 21.6%, according to the General Statistics Office.

The tourism industry attributed the jump in the number of visitors from Southeast Asia to a rapidly expanding flight network and growing demand for intra-regional travel.

Indonesia AirAsia launched a direct flight connecting Bali (Denpasar) and Da Nang on March 20 while Vietjet launched a direct route connecting Da Nang and Jakarta on April 29.

In March, Philippines AirAsia launched a new direct route linking Da Nang with Manila in the Philippines.

Let me end this piece by asking you readers: What is your reaction to this development? Considering the strong Filipino interest on visiting Vietnam, would you be surprised to see Vietnam attract 1,000,000 visitors from the Philippines by the end of this year? What do you think makes Vietnam a special travel destination for Filipinos?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Filipino Housekeeping Services In Japan Gaining Popularity

In Japan, housekeeping services whose workforce involved Filipinos are gaining popularity and public trust as the nation has growing demand for such support, according to a news report by Kyodo News. The report mentioned the cheerful personalities and diligence of Filipino workers.

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

Housekeeping services employing Filipino staff have gained in popularity amid growing demand in Japan for such domestic support, with one provider seeing their workforce roughly double over the past decade.

Since the Japanese government began allowing foreign nationals to provide housekeeping services in national strategic special zones in 2016, workers from the Philippines have been a top choice due to their cheerful personalities, diligence as well as expertise.

In February, a Filipino housekeeping staff member listened carefully to her client’s instructions as she made her on-site debut around a month after arriving in Japan. She assiduously took notes as the client explained in a mix of English and Japanese how to use cleaning tools and the order of detergents.

“(Filipinos) are friendly and easy to talk to and they work seriously, so I can feel at ease,” the client said.

Before 2015, only certain households, such as those of foreign diplomats, had been allowed to employ foreign housekeepers. But a legal change that year, aimed at increasing women’s workforce participation and easing labor shortages in Japan’s housekeeping industry, paved the way for foreigners to work in designated areas.

Following the law revision, Tokyo-based Pinay International Co. launched a business especially employing Filipino housekeepers. It now operates in parts of Tokyo, neighboring Kanagawa Prefecture, Osaka Prefecture and Hyogo Prefecture with more than 200 Filipino staff working as full-time employees.

The company recruits workers in the Philippines and provides extensive training before and after their arrival in Japan, while also supporting their daily life in areas such as housing.

“Foreign talent playing an active role will likely lead to revitalizing Japan,” Pinay International CEO Tetsuya Moteki, 55, said.

According to a survey by the Ministry of Economy, Trade and Industry, Japan’s housekeeping services market has been expanding as the number of dual-income households increases.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think more Japanese households will trust housekeeping service providers once they realize their workforce includes Filipinos? What do you think makes Filipino housekeeping workers more trustworthy compared with those from other nations of Southeast Asia?

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

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

Rockwell Raises Stake In Alabang With P6.2 Billion Deal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Philippines Electricity The Most Expensive In ASEAN

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Philippines Attracts 2.9 Million Foreign Tourists In First Half Of 2026

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Philippines Among The Weakest In ASEAN In Credit Card Penetration

When it comes to credit card penetration within the Association of Southeast Asian Nations (ASEAN), the Philippines is still among the weakest as the number of adult Filipinos who own credit cards remains very low, according to a Manila Bulletin news report.

Be reminded that the Philippines is experiencing weak economic growth, high inflation, and has been weak when it comes to attracting foreign direct investment.

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

Only three percent of adult Filipinos own credit cards, placing the country among the laggards in the Association of Southeast Asian Nations (ASEAN), with the gap most pronounced compared to advanced Asia-Pacific economies.

In Asian emerging markets (EMs), the Philippines trails only Cambodia’s one percent and Bangladesh’s two percent, Visa Business and Economic Insights noted in a report last Tuesday, July 14, citing the 2024 update of the World Bank’s Global Findex Survey.

Meanwhile, the country was outpaced by seven other Asian EMs, including India (five percent), Indonesia and Vietnam (both six percent), Sri Lanka and Thailand (both eight percent), Malaysia (13 percent), and China (46 percent).

This low penetration drives Filipinos to rely heavily on informal and unregulated lending alternatives, which do not help build formal credit histories.

“Across markets such as India, the Philippines, and Indonesia, borrowing from family, moneylenders, or gold-backed loans is widespread due to ease of access and familiarity,” read the report authored by Visa principal Asia-Pacific economist Simon Baptist and Asia-Pacific economist Minakshi Barman.

Meanwhile, advanced Asia-Pacific economies have mature financial systems, with credit card penetration rates reaching nearly three-fourths of adults aged 15 and above. Hong Kong had the highest penetration rate at 72 percent, followed by Japan at 70 percent, South Korea at 68 percent, Taiwan at 64 percent, New Zealand at 57 percent, Australia at 51 percent, and Singapore at 42 percent.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you know anyone in your local community who successfully secured credit cards over the past six months? Do you have friends who already applied for credit cards? What do you think Filipinos are most afraid of when it comes to using credit cards? Do you think the weakening economic growth of the Philippines will discourage Filipinos from applying for credit cards?

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 Remains Vulnerable To Effects Of US-Iran War And Is One Of The Least Resilient In The Asia Pacific Region

When it comes to resilience to the effects of the war between the United States and the Islamic terrorist regime of Iran, the Philippines remains not only vulnerable but also one of the laggards of the Asia Pacific region as a whole, according to a news report by the Manila Bulletin.

Be reminded that the Philippines is experiencing weak economic growth, high inflation, and has been weak when it comes to attracting foreign direct investment. Already S&P Global slashed GDP growth forecast for the Philippines.

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

Asia-Pacific’s (APAC) relative insulation from the Middle East conflict has singled out the Philippines and Indonesia as laggards as external headwinds are exacerbated by domestic turmoil, according to Allianz Research.

Allianz Research said in its half-time outlook report published last week that despite emerging as one of the regions most exposed to the United States (US)-Iran conflict, APAC is still seen as relatively resilient, with average growth of 4.3 percent this year.

This resilience is attributed to the artificial intelligence (AI) boom, which is “doing the heavy lifting that geopolitics and fiscal policy cannot.”

“However, gains are far from evenly shared, with a group of winners emerging, including countries such as Taiwan, Singapore and South Korea, while countries such as the Philippines and Indonesia lag as domestic turmoil compounds exposure to the conflict,” Allianz said.

Apart from the technology surge, the report also pointed to Asia’s role as a global engine of commerce. “In 2026, 80 percent of global trade volume growth in goods and services is driven by Asia and the US,” the report said.

However, this dominance faces fresh challenges from shifting American trade policies. Allianz warned that the shift in US policies “is expected to negatively affect Asian countries in particular,” as the US effective tariff rate is projected to rise from eight percent to 13 percent.

According to Allianz, the region’s resilience hinges on the booming technology sector. It said the AI boom, which has been driving nearly two-thirds of Asia’s export growth, is helping “cushion” the global economy from the impact of the Middle East crisis.

This AI boom is broadening Asia’s recovery beyond traditional manufacturing, with major semiconductor firms in Taiwan and South Korea leading regional market gains.

By contrast, the Philippines and Indonesia are struggling with the lingering consequences of energy shocks.

“Despite recent developments toward normalization in the Gulf, we expect inflation to remain elevated in the near term as second-round effects from elevated fuel, energy and fertilizer prices keep weighing on the region,” Allianz said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the Philippines should do in order to become more resilient to the effects of the war between America and the Islamic terrorist regime of Iran? Do you think the national government has been working to improve oil storage capacity, attract more foreign investors and rely less on the Middle East for importing oil? Do you think the Philippines will reach out to the Islamic terrorist regime of Iran to make an economic deal?

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’ Net FDI Inflows Fall Down Sharply In April 2026

This past April, the net inflows of foreign direct investment (FDI) into the Philippines reached only $250 million which counts as a 10-year low and a 59% fall compared with March 2026, according to a news report by BusinessWorld.

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

Net inflows of foreign direct investments (FDI) in the Philippines plunged to a near 10-year low of $250 million in April, as heightened global uncertainty dented investor sentiment, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Based on central bank data released on Friday, FDI net inflows declined by 58.8% to $250 million in April from $607 million in the same month last year.

April saw the lowest monthly level seen since the $244 million in June 2016, and the steepest year on year drop since the 76.1% in December 2022.

Month on month, FDI net inflows slumped by 59.1% from the $611 million in March.

“The sharp decline in FDI net inflows to $250 million in April likely reflects a combination of weaker intercompany borrowings, slower reinvestment activity, and continued investor caution amid an uncertain global environment,” Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion said via Viber.

The latest FDI level was dragged by the 91.7% drop in net investments in debt instruments to $44 million in April from $522 million a year ago.

Reinvestment of earnings likewise slipped by 1.9% to $80 million from $81 million in April 2025.

Meanwhile, investments in equity and investment fund shares more than doubled (143.5%) to P207 million in April from $85 million the prior year.

Foreign net investments in equity capital other than reinvestment of earnings also ballooned (3,041%) annually to $127 million from $4 million previously.

Equity placements jumped by 21.4% to $136 million from $112 million a year earlier, while withdrawals plunged by 91.7% to $9 million from $108 million.

For Mr. Asuncion, the softer FDI inflows in April likely came as firms and investors deferred investments amid highly uncertain global conditions compounded by weak domestic growth.

“At the same time, heightened global uncertainty stemming from trade tensions, lingering geopolitical risks, and episodes of financial market volatility may have prompted multinational firms to defer expansion plans and adopt a more conservative stance toward capital deployment,” he said.

“Domestically, relatively subdued economic growth in the early part of the year may have also tempered investment decisions,” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that foreign investors have weak trust in the Philippines no matter what the current administration is doing? Do you think weak economic growth in the Philippines will continue until the end 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 athttps://www.instagram.com/authorcarlocarrasco

Better than Streaming: Free Movie Admission For Senior Citizens In Muntinlupa City Restored

Welcome back fellow geeks and film buffs!

In the progressive city of Muntinlupa in the Philippines, the City Government led by Mayor Ruffy Biazon formally signed the memorandum of agreement (MOA) with three cinema operators – Alabang Town Center, Festival Mall and SM Center Muntinlupa – granting free admission for senior citizens with limits starting July 6, 2026, according to a Manila Bulletin news report.

This move effectively restored the movie benefit of senior citizens in the city. Regarding the limitations of the benefit, free movie admissions will happen once-a-week, either on Monday or Tuesday.

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

Senior citizens in Muntinlupa will once again be able to watch movies for free starting July 6, following the signing of an agreement between the city government and cinema operators.

On July 1, Muntinlupa Mayor Ruffy Biazon signed a memorandum of agreement with SM Center Muntinlupa, Festival Mall, and Alabang Town Center granting senior citizens free movie admission.

Biazon said bona fide residents of Muntinlupa can avail themselves of the free movie admission once a week, either on Monday or Tuesday.

In May, Biazon signed City Council Resolution No. 2026-333, which authorized him to enter into the agreement with cinema operators in the city.

The resolution stated: “Senior Citizens of Muntinlupa City are given preferential attention and priority to enjoy additional grants of incentives as an expression of gratitude for their invaluable contribution to the progress and prosperity of Muntinlupa City.”

This latest development will eventually attract more senior citizens to enter the specific commercial places that have cinemas. Festival Mall’s modern cinemas are located at the 4th floor (AKA 3rd level) while those at Alabang Town Center are on the ground floor. Watching movies on the big screen inside the cinema is more immersive and clearly better than streaming.

Streaming extremists who oppose cinema viewing cannot argue with the fact that almost all movies released from long ago were made for the big screen inside the theaters, not for smartphones, not for laptops and not for TV sets. I should state that senior citizens can enjoy spending time inside commercial joints socializing with friends after watching movies, and it definitely is not ideal for them to spend all their free time inside their homes. There is the human need for the temporary change of place and it is only the cinema that can provide them the immersive, big screen entertainment experience.

If you wish to join a group of movie enthusiasts and talk about cinema, cinematic trends, Blu-ray releases and more relevant stuff, visit the Movie Fans Worldwide Facebook group at https://www.facebook.com/groups/322857711779576

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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

S&P Global Slashes Philippines GDP Growth Forecast

In its latest analysis and assessment, S&P Global predicts weaker gross domestic product (GDP) growth for the Philippines at 4.1% this year, according to a news report by BusinessWorld.

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

The economic drag from the Middle East-war driven oil shocks and last year’s flood control mess fallout could slow the Philippines’ growth to 4.1% this year, S&P Global said.

In its latest economic outlook for Asia-Pacific, the debt watcher cut its gross domestic product (GDP) growth forecast for the Philippines to 4.1% for this year, from 5.8% previously.

S&P Global Asia-Pacific Chief Economist Louis Kuijs and Senior Economist Vishrut Rana noted that the Philippines emerged as a laggard in the region, which was largely resilient at the start of the year.

“Asia-Pacific economic growth largely held up in early 2026. In the first quarter, GDP growth met or exceeded expectations in most economies, with generally solid contributions from both exports and domestic demand,” Mr. Kujis and Mr. Rana said.

“However, growth significantly lagged expectations in the Philippines, where the energy shock combines with a sharp reduction in public infrastructure spending related to misutilization of funds,” they added.

In the first quarter, the economy unexpectedly grew by 2.8%, its weakest growth since the COVID-19 pandemic, due to spiraling oil prices and the lingering effects of last year’s corruption scandal.

The S&P economists noted that countries in the Asia-Pacific, including the Philippines, are heavily reliant on oil imports from the Middle East, which made them vulnerable to disruptions in the region’s key energy facilities and the Strait of Hormuz.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government has any plans to stimulate economic growth? Do you see the GDP of the Philippines growing at a slower rate over the next several quarters? Do you think the economic managers of the current administration should be replaced?

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

World Bank Sees Below-Target Philippine Economic Growth In 2028

In its latest analysis of the economy of the Philippines, the World Bank (WB) predicts a below-target economic growth will happen in 2028, according to a news report by BusinessWorld.

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

THE WORLD BANK said the Philippine economy is likely to expand by 5.6% in 2028, still below the government’s 6-7% target, amid an expected recovery in public investment.

In the latest Global Economic Prospects report, the World Bank said it retained its gross domestic product (GDP) growth forecasts for the Philippines at 3.7% in 2026 and 5.6% in 2027.

If realized, growth would fall short of the government’s 5-6% target for 2026 but would be at the lower end of its 5.5-6.5% goal for 2027.

“Growth in East Asia and the Pacific excluding China is forecast to improve to 4.9% in 2027-28 as geopolitical uncertainty dissipates, energy prices settle, and demand improves,” the World Bank said.

“Public investment is expected to recuperate in the Philippines, and Indonesia’s growth will be supported by state-led investment initiatives,” it added.

The Philippine economy expanded by a weaker-than-expected 2.8% in the first quarter, the slowest pace since the pandemic, amid lingering uncertainty from last year’s corruption scandal and higher oil prices linked to the Middle East conflict.

“The World Bank’s outlook is plausible, but I would not treat it as the only reasonable scenario,” Ateneo Center for Economic Research and Development Senior Research Fellow Ser Percival K. Peña-Reyes told BusinessWorld.

He said the weak 2026 forecast reflects uncertain global conditions, elevated geopolitical and trade tensions, fiscal consolidation, weather-related disruptions, and food price shocks.

However, Mr. Peña-Reyes said economic expansion this year could be stronger if household consumption remains resilient, inflation continues to ease, infrastructure spending is sustained, investment reforms gain traction, and monetary policy becomes more accommodative.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will keep on growing below the targets set by the government? Could it be possible that an economic recession can still happen in the Philippines in 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 athttps://www.instagram.com/authorcarlocarrasco

Rockwell To Redevelop Alabang Town Center

Rockwell Land Corp. confirmed that it has a years-long plan to redevelop the famous Alabang Town Center (ATC) and turn it into a suburban lifestyle center, according to a Manila Bulletin news report.

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

Rockwell Land Corp., the luxury property development arm of the Lopez Group, plans to redevelop Alabang Town Center (ATC) over the next decade to revitalize the commercial hub and restore what management describes as its original appeal.

Nestor J. Padilla, Rockwell Land chairman and chief executive officer, said the developer envisions transforming the 17.5-hectare property in southern Metro Manila into a suburban lifestyle center over a five- to 10-year period.

“We will bring back the old charm of the town, as the locals like to call ATC. Over the next five to 10 years, our vision is to transform the town to become a suburban lifestyle center,” Padilla said.

To lead the master planning, Rockwell Land has engaged Carlos Ott, the Uruguayan-Canadian architect behind the company’s ultra-luxury Proscenium project in Makati and the designer of the Opéra Bastille in Paris. Ott is collaborating with local firm PRSP Architects, led by Vicente Rodriguez Jr., which has a history of design partnerships with the country’s major builders, including Ayala Land Inc.

Preliminary planning and reviews for the estate began two months ago, Padilla said. The initial phase of the redevelopment over the next two years will focus on upgrading parking facilities and improving vehicular traffic circulation around the complex. Concurrently, Rockwell Land plans to adjust the retail tenancy mix to enhance the shopping experience.

Valerie Soliven, Rockwell Land president and chief operating officer, said the acquisition of the commercial asset marked the expansion of the developer in the southern part of the capital.

“ATC has long held a special place within the Alabang community, and we are approaching its next chapter with both excitement and respect for what it already means to so many people,” Soliven added

Meanwhile, Rockwell Land remains vigilant in its outlook amid geopolitical turmoil and local real estate industry challenges.

“Moving forward, Rockwell is carefully navigating industry headwinds, maintaining a disciplined approach to project delivery and market expansion. The current times are a reminder that resilience and adaptability continue to define not only our industry, but also our company’s journey over our first three decades,” said Padilla.

The company registered a 29 percent jump in earnings last year to ₱5.3 billion while posting an even higher 67 percent rise in net income to ₱1.29 billion in the first quarter of 2026.

Let me end this post by asking you readers: What is your reaction to this recent development? Does Rockwell’s plan to redevelop Alabang Town Center sound good to you? Are you convinced that Rockwell truly cares about the interests of Alabang’s residents? Do you think the redevelopment plan could spark a wave of more commercial developments throughout the city of Muntinlupa?

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

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

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

Filinvest Development Corporation’s Net Income Reaches P3.9 Billion In 1st Quarter Of 2026

As there are lots of signs of a weakening Philippine economy connected with higher fuel prices and accelerating inflation, Filinvest Development Corporation (FDC) achieved growth in the first quarter this year with its net income reaching P3.9 billion, 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…

Filinvest Development Corp., the holding company of the Gotianun family, reported an eight percent increase in attributable net income to ₱3.9 billion for the first quarter, as robust performances in its banking and real estate divisions mitigated the sharp downturn in its power business.

The firm reported to the Philippine Stock Exchange that its consolidated net income grew by seven percent to ₱4.8 billion from ₱4.5 billion in the first quarter of 2025.

Total revenues and other income for the first quarter of 2026 rose by five percent versus the same period in 2025 to ₱30.8 billion.

The increases in revenues and other income by business segment were: Banking, 12 percent to ₱15.6 billion; Real estate, 16 percent to ₱7.9 billion; and Hospitality, 0.8 percent to ₱1.2 billion. Power declined by 28 percent to ₱3.6 billion.

“Business results were mixed: Real Estate and Hospitality showed resilience against macroeconomic pressure while for others, profits were flat or experienced decreases versus a year ago,” said FDC President and CEO Rhoda A. Huang.

She noted that, “We are facing the challenges with resolve to achieve revenue and profit growth in 2026, despite increasing inflation and weakening GDP growth, through astute strategies and persistence of our organization.”

Banking unit EastWest Bank’s (EW) top-line growth was driven by increased loan volumes and effective management of funding costs, resulting in a 20 percent rise in net interest income (NII) to ₱11.1 billion.

Non-interest income was affected by trading performance amid volatile market conditions, but this was partially offset by an eight percent growth in fee-based income.

FDC’s Real Estate business, composed of Filinvest Land, Inc. (FLI), Filinvest Alabang, Inc. (FAI), and Filinvest REIT Corp. (FILRT), recorded a 16 percent revenue increase to ₱7.9 billion due to stronger residential and commercial lot sales.

Residential sales increased by 28 percent, driven by sustained sales of ready-for-occupancy units and a higher percentage of completion for various residential projects. Mall and rental revenues remained steady with slight gains in occupancy and foot traffic.

The Power subsidiary, FDC Utilities, Inc. (FDCUI), reported total revenues and other income of ₱3.6 billion for the first quarter of 2025 due to a notable decrease in spot market sales and lower coal cost passthrough rates. This was mitigated by reduced costs resulting from lower sales volume.

Revenues from hotel operations under Filinvest Hospitality Corporation (FHC) remained consistent with the previous year’s level, supported by higher average room rates and enhanced contributions from the Food and Beverage (F&B) segment across its portfolio.

The Banking segment was the largest contributor to revenue and other income for the first quarter of 2026, representing 51 percent of the conglomerate’s total.

Real Estate and Power followed with contributions of 26 percent and 12 percent, respectively. The Hospitality segment accounted for four percent of revenues, while the remainder was attributed to other business units.

Let me end this post by asking you readers: What is your reaction to this recent development? Considering the current state of the economy of the Philippines today, how do you think Filinvest Development Corporation will be able to perform financially in this current quarter and the next quarter?

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

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

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

Pickup Coffee Targets Around 800 Stores By The End Of 2026

Pickup Coffee, the popular homegrown coffee chain, is aiming to have around eight hundred stores by the end of 2026, according to a news article by the Philippine News Agency (PNA). Pickup Coffee first opened in 2022 and it now has roughly five hundred branches. It continues to attract customers who love coffee.

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

Banking on Filipinos’ love for coffee along with more affordable offerings, an official of grab-and-go coffee chain Pickup Coffee expressed confidence for continued expansion amidst the current economic challenges.

To date, the brand has around 500 coffee kiosks around the country, mostly in Metro Manila, and about a hundred stores in Mexico City.

The goal is to have around 800 stores by end-2026, Diego Lorenzo, Pickup Coffee chief executive officer and cofounder said in an interview Tuesday night.

The company is now open to franchising, with an initial investment of PHP2 million for the coffee truck’s stock, equipment and construction.

Lorenzo said they plan to open as many as 200 more company-owned stores nationwide this year, with the focus on Northern Luzon, Visayas and Mindanao.

He said they cater to people from all walks of life, from those who can afford high-end brands but are open to cheaper options with quality offerings, to those in the C and D levels.

“The more accessible you are, the faster you will grow,” he said.

The brand has received capital from venture capitalists and Lorenzo said this is a sign of the brand’s potential to post stronger growth going forward.

Rami Chahwan, president of Pickup Coffee, said franchising will complement the existing branches, citing lessons learned over the last 48 months.

He said they have piloted 10 franchise stores over the last three months to ensure they can efficiently cater to more units once this bid is in full bloom.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the quality of drinks and services of Pickup Coffee will be well maintained as the franchising of their business happens? Do you think Pickup Coffee will be able to grow even as the economy of the Philippines slows down? Do you think only a recession would stop Pickup Coffee’s growth? If you consumed coffee from Pickup Coffee, what can you say about the taste and quality of what was served to you?

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

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

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

US Embassy Delegation Meets With SBMA For Luzon Economic Corridor

The Subic Bay Metropolitan Authority (SBMA) announced the United States Ambassador to the Philippines Heather Variava and her delegation composed of many representatives of the U.S. economic team recently visited the Subic Bay Freeport Zone and met with Chairman and Administrator Eduardo Jose L. Aliño for high-level discussions about the Luzon Economic Corridor (LEC).

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

The United States Embassy delegation for the Luzon Economic Corridor Steering Committee visited this premier Freeport on May 13, 2026, seeking to create more investment opportunities.

US Ambassador Heather Variava, Senior Advisor for Economic, Energy, and Business Affairs, and Head of Delegation for the committee, together with several representatives of the US economic team, arrived here as part of the mission to work on US-Philippines growth through a series of coordination with government officials and business leaders.

The ambassador met with officials of the Subic Bay Metropolitan Authority (SBMA), led by Chairman and Administrator Eduardo Jose L. Aliño, to discuss economic growth efforts for the Luzon Economic Corridor (LEC).

The LEC is a multi-billion-dollar economic partnership designed to supercharge infrastructure, logistics, and supply-chain connectivity between four primary hubs in the Philippines: Subic Bay, Clark, Manila, and Batangas.

Chairman Aliño said that the trilateral initiative with the US, Japan, and the Philippines has now expanded to include Australia, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom.

“This ambitious venture will strengthen infrastructure, supply chains, and green energy across Subic, Clark, Manila, and Batangas. It is most timely that Her Excellency Heather Variava and her delegation visit us now, as the Luzon Economic Corridor gains momentum through international partnerships and expanded economic engagement,” he added.

The SBMA top official said that with upcoming projects in railway connectivity, port modernization, clean energy, and semiconductor supply chains, “Subic Bay’s role as a premier logistics and manufacturing hub grows even stronger.”

Initially launched in April 2024 as a trilateral project between the Philippines, the United States, and Japan under the G7’s Partnership for Global Infrastructure and Investment (PGI), the initiative has rapidly scaled into a powerful 10-nation coalition.

The said visit is part of her travel to coordinate strategic infrastructure and investments alongside the Philippine government and business leaders, as the ambassador advocates for streamlining complex regulations to increase investor confidence.

In the official press release issued by U.S. Embassy in the Philippines, the Luzon Economic Corridor’s partners share a commitment to a free and open Indo-Pacific and pledge to promote fair and transparent economic development. The partners will contribute through technical assistance, financing, and facilitation of private sector investments, while actively participating in working groups focused on transport, energy, and digital infrastructure.

“The expansion of the Luzon Economic Corridor partnership shows what we can accomplish when likeminded nations unite around strategic infrastructure and shared prosperity. This initiative is creating real opportunities for U.S. business, our Philippine partners, and investors across the Indo-Pacific while countering exploitative infrastructure practices with a better alternative,” said U.S. Senior Advisor for Economic, Energy, and Business Affairs Ambassador Heather Variava.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you consider the US Embassy delegation’s Subic Bay visit a strong move to convince foreign investors to be part of the Luzon Economic Corridor? Do you expect to see more economic cooperation and meetings between America and the Philippines over the next twelve months?

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

Non-Resident/Pass Thru Car Stickers Of Alabang Hills Village For 2026-2027 Now Available

The Alabang Hills Village Association (AHVA) announced that the 2026-2027 edition of its car stickers for non-residents motorists are now available and already applications are being accepted.

For accuracy, posted below is the excerpt about the2026-2027 non-resident/pass thru car stickers of Alabang Hills. Take note that the AHVA has a separate arrangement with the federation of BF Homes.

2. NON-RESIDENT

A. Private Cars (all vehicles with 3 or more wheels, including vans, pick-ups, & SUVs)

One-year sticker: P2,500 per car**

B. AHV-BF Residents (Discounted Fee-Reciprocity Arrangement)

-P2,000 per car for 5 cars / household

– personal use only ( business or commercial vehicles are not entitled to discount)

-no discount for applications beyond the deadline

How to apply – click https://alabanghillsvillage.com/non-resident-sticker/

Download the official application form, print it, fill all the details and sign it.

Book your appointment online selecting the available dates and time slots. Make sure you bring the vehicle’s official receipt (OR) and certificate of registration (CR). Also prepare the amount of money needed to pay for the new non-resident car sticker.

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

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

Rockwell Land’s Profit Jumps Almost 28% On Residential And Leasing Gains

Rockwell Land, the company behind the high-end Rockwell Center and the Alabang Town Center (ATC), saw its profit jump almost 28% on residential and leasing gains, according to a news report by BusinessWorld.

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

ROCKWELL LAND Corp. reported a 27.6% increase in attributable net income to P4.73 billion for 2025 from P3.71 billion in 2024, driven by higher residential revenues, growth in leasing income, and gains from the acquisition and consolidation of Alabang Commercial Corp. (ACC).

Total consolidated revenues rose 3.9% to P20.87 billion from P20.09 billion a year earlier, with residential sales accounting for about 75% of revenues, while commercial leasing contributed around 21%, the company said in its annual report released on Wednesday.

Residential revenues increased by 5% on higher project completion, while retail and leasing income grew 6% due to improved rental rates and occupancy.

Earnings were also supported by “the gain on the acquisition and consolidation of ACC” and increased contributions from affiliates.

Expenses rose during the period, with selling expenses increasing 9% due to higher sales bookings and project completions, while interest expense went up 11% on higher borrowing costs and loan balances.

Cost of real estate declined by 5%, partly offsetting the increase in expenses, while interest income fell 18% due to lower returns on contract receivables and short-term placements.

Income before tax rose to P6.72 billion from P5.30 billion in 2024. Provision for income tax increased to P1.41 billion, bringing net income to P5.31 billion for the year.

Reservation sales jumped 62% to P25.3 billion, driven by “strong demand for newly launched projects.”

Let me end this post by asking you readers: What is your reaction to this recent development? Considering the more expensive fuel prices in connection with the ongoing conflicts in the Middle East, do you think Rockwell will still be able to achieve strong growth this year? Do you think they will soon announce a redevelopment of the Alabang Town Center?

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

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

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

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

Slower Economic Growth And Higher Inflation For The Philippines

With the higher fuel prices, a limited oil storage capacity, a very vulnerable currency and other economic uncertainties happening around, the Philippines is headed towards higher inflation and slower gross domestic product (GDP) growth in the near future based on the latest analysis of Moody’s Ratings, according to a news report by BusinessWorld.

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

MOODY’S RATINGS lowered its growth forecast for the Philippines and raised its inflation outlook, reflecting the impact of soaring global energy prices amid the Middle East conflict.

In a credit opinion on Tuesday, Moody’s cut its Philippine gross domestic product (GDP) growth projection to 4.9% this year from 5.5% previously. This is below the government’s 5-6% target for 2026.

For 2027, Moody’s trimmed its GDP growth forecast to 5.3% from 5.6% previously. If realized, this will be lower than the economic managers’ 5.5-6.5% target range for 2027.

“The conflict in the Middle East has increased downside risks to the Philippines’ economic outlook by raising global energy prices and external cost pressures,” it said.

Moody’s said it expects domestic demand and industrial activity to remain subdued due to high oil prices and fuel shortages.

“Higher energy and broader import costs are expected to erode real incomes amid high pass-through, dampen consumption, and weigh on industrial activity, reinforcing a firmer inflation trajectory,” it said.

Moody’s also noted that trade uncertainty and climate risks may also dampen economic activity.

“Our baseline assumes that the recovery in public investment will be gradual and begin only in the second half of 2026, as the government continues to take concrete measures to address the temporary slowdown. Meanwhile, higher energy import bills amid rising prices and peso depreciation, together with slower remittance growth, are expected to widen the current account deficit,” it said.

The Philippines is currently under a year-long national energy emergency as the Middle East crisis threatened its fuel supply. The government rolled out targeted subsidies and implemented energy conservation protocols.

“Together, these measures should mitigate the risk of significant supply disruptions,” Moody’s Ratings said.

Moody’s also hiked its average inflation forecasts to 3.7% in 2026 from 3% previously, and to 3.5% in 2027 from 3.2% previously, as oil prices remain elevated due to the Middle East conflict.

Moody’s forecasts are below the Bangko Sentral ng Pilipinas’ (BSP) 5.1% inflation projection this year and the 3.8% projection for 2027.

Inflation quickened to a nearly two-year high of 4.1% in March, breaching the BSP’s 2-4% target amid rising fuel and transportation costs.

“Inflation is expected to remain above the BSP’s target range, reducing policy flexibility and increasing the risk of policy tightening, even as softening growth and a negative output gap support a broadly accommodative stance in the near term,” Moody’s said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the government of the Philippines should do to stimulate economic growth and attract more foreign investors?

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

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

Philippines Falls In 2026 FDI Confidence Index

Things are looking bad for the Philippines as the nation declined in the 2026 Foreign Direct Investment (FDI) Confidence Index ending up 18th out of the 25 emerging markets, according to a news report by BusinessWorld. It should be remembered that the Philippines attracted less than $8 billion FDI in 2025.

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

THE PHILIPPINES dropped two spots to 18th out of 25 emerging markets in the 2026 Foreign Direct Investment (FDI) Confidence Index by global management consulting firm Kearney.

The Philippines posted a score of 1.4635 in the index, which ranks markets that are likely to attract the most FDI in the next three years.

This was the third straight year the Philippines’ ranking declined in the index. It ranked 16th in 2025, 13th in 2024 and 12th in 2023.

“The index reflects a three-year outlook, so the shift points to softer medium-term investor confidence, rather than any single short-term factor,” Kearney Senior Partner, Philippines Country Head & APAC Communications, Media & Technology Lead Marco de la Rosa said in an e-mail interview.

“At the same time, recent Philippine-specific developments, including headlines last year around infrastructure spending and political challenges, may have weighed on investor sentiment, alongside a more risk-sensitive global environment, making the country a relatively less attractive destination for FDI,” he added.

The Philippines was rocked by a corruption scandal last year that linked government officials, lawmakers, and public contractors to anomalous flood control projects.

In 2025, the Philippines saw its FDI net inflows drop 17.1% year on year to $7.791 billion. This was the lowest yearly FDI level since 2020.

The downtrend continued at the start of this year as January FDI net inflows slid to a four‑month low of $443 million, 39.2% lower compared with the same month a year ago.

Conducted in January 2026, the FDI Confidence Index uses primary data from a proprietary survey of 507 senior executives of the world’s top corporations.

“China, the United Arab Emirates, and Saudi Arabia lead the emerging market ranking for the third consecutive year,” Kearney said.

Among emerging markets, the Philippines fell behind regional peers such as Thailand (6th), Malaysia (7th), Indonesia (13th) and Vietnam (16th).

“Other ASEAN (Association of Southeast Asian Nations) markets have become more attractive, particularly those benefiting from supply chain shifts and stronger positioning in innovation,” Mr. de la Rosa said. “Thailand and Malaysia are benefiting from China+1 diversification, while Vietnam stands out for linking talent to a clear sector strategy, particularly in semiconductors.”

Ateneo Center for Economic Research and Development Director Ser Percival K. Peña-Reyes said that the steady decline in the index is not driven by a single factor but rather by the Philippines’ relative underperformance versus peers and persistent structural constraints.

“The index is relative, so even if the Philippines is stable, (the fact) that other countries are rising faster pushes it down,” he said in a Facebook Messenger chat.

According to Kearney, investors cited the Philippines’ labor talent as its strongest asset (32%), followed by natural resources (28%) and economic performance (27%).

A fourth of the investors have identified the country’s tech innovation and ease of doing business as top reasons for investments, while 22% cited transparent governance. Only 12% cited infrastructure quality.   

However, a small percentage or 2% said that there were no strong reasons at all to invest in the Philippines.  

“What it suggests is that, for a small group of investors, the Philippines’ strengths may not yet be coming through as distinctly as some peers,” Mr. de la Rosa said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines can bounce back strongly on FDI soon? Do you think the Philippines is becoming the economic weakling of Southeast Asia?

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

Malaysia To Implement World Anti-Doping Code At The 2027 SEA Games

In an effort to ensure that the 2027 edition of the Southeast Asian Games (SEA Games) will fully comply with the standards of the World Anti-Doping Agency (WADA), host nation Malaysia will implement the World Anti-Doping Code in the regional games, 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…

Malaysia is set to become the first Southeast Asian Games (SEA Games) host to implement the World Anti-Doping Code at the 34th edition next year.

President of the Olympic Council of Malaysia (OCM) Mohamad Norza Zakaria stated at a press conference on April 8 that the adoption of the code aims to ensure that the 2027 SEA Games fully comply with the World Anti-Doping Agency (WADA) standards, thereby enhancing the transparency and international standing of the Games.

Malaysia’s proposal was approved at the first meeting of the Southeast Asian Games Federation (SEAGF) for the 2025-2027 period, held on the same day.

The World Anti-Doping Code, first adopted in 2004, serves as the foundation for harmonizing policies, regulations, and activities to combat doping among sports organizations and authorities worldwide.

Mohamad Norza also said that the SEAGF had agreed to set May 8 as the deadline for national Olympic committees to propose additional sports for the 2027 SEA Games. After this date, proposals will be submitted to the Malaysian SEA Games Organizing Committee (MASOC) and the National Sports Council for consideration before being discussed at the next council meeting, expected in the coming months.

The 2027 SEA Games, featuring 38 sports, will be hosted across Sarawak, Penang, Johor, and Kuala Lumpur.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the implementation of the World Anti-Doping Code will make Malaysia’s hosting of the 2027 SEA Games more credible and more transparent? What breakthroughs do you think will happen in the next SEA Games in relation to the anti-doping measures?

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

Five Drug Suspects Arrested In Parañaque City And lllegal Drugs Worth P91 Million Seized

Recently in the City of Parañaque, local police officers successfully pulled off a major anti-drug operation that resulted in five suspects – including one former policeman – arrested and the seizure of illegal drugs worth more than P91 million, according to a Manila Bulletin news report.

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

A former policeman and four alleged high-value drug suspects were arrested in a major anti-drug operation that led to the seizure of more than P91 million worth of suspected shabu and high-powered firearms in Parañaque City on Friday, April 10.

Operatives of the Southern Police District (SPD) Drug Enforcement Unit (DEU) identified the suspects as alias Bossing, 35; James, 49, a resigned member of the Philippine National Police (PNP); Jezreel, 29; Hazel, 25; and alias “Ricardo,” 48.

All five were tagged as newly identified high-value individuals (HVIs) and were apprehended during a buy-bust operation conducted in Sun Valley, Parañaque, following days of surveillance and intelligence monitoring.

Authorities said the operation was launched in coordination with other police units to dismantle a suspected drug syndicate operating in the southern Metro Manila.

Confiscated during the sting were approximately 13.389 kilograms of suspected shabu and five containers of liquid crystalline substance, with a combined estimated Standard drug price of P91,045,200.

Police also recovered two .45-caliber pistols, a Bushmaster rifle, communication devices, and P319,950 cash.

Authorities said the presence of high-powered firearms indicates the group’s capability to protect their illegal activities, raising concerns over the potential violence linked to drug trafficking operations.

“This operation sends a clear message that no drug syndicate is beyond our reach. The Southern Police District will relentlessly pursue those involved in the illegal drug trade and ensure they are brought to justice,” said acting SPD director Col. Glenn Oliver Cinco.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you convinced that drug syndicates find the city an ideal place to do their illegal businesses while having the mean to cause harm to local residents? What do you think makes Parañaque an attractive city to those involved in illegal drugs?

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

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

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

World Bank Predicts Philippine Economic Growth Will Be 3.7% This Year

Recently the World Bank (WB) revised its 2026 economy growth for the Philippines forecasting gross domestic product (GDP) growth of only 3.7%, according to a news report by BusinessWorld.

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

THE WORLD BANK slashed its growth forecast for the Philippines to 3.7% this year, well below the government’s target, as the war in the Middle East weighs on economic activity.

The World Bank on Wednesday said it sees Philippine gross domestic product (GDP) growth at 3.7% for 2026, significantly slower than the previous projection of 5.3%

If realized, it will also be slower than the post-pandemic low of 4.4% in 2025 and below the Philippine government’s 5-6% GDP target range for 2026.

“Our main projection is that overall growth in the East Asia and Pacific region is going to decline in 2026,” Aaditya Mattoo, director of research of the World Bank Group, said in an online briefing on the World Bank’s East Asia and Pacific Economic Update.

“Most countries in the region are going to see slower growth in 2026 than they have in 2025. That is our projection,” he added, citing the impact of the conflict in the Middle East as well as trade disruptions.

“The good news is we are likely to see a bounce back in 2027,” Mr. Mattoo said.

The World Bank raised its GDP growth projection for the Philippines to 5.6% in 2027 from 5.4% previously. It is within the government’s 5.5-6.5% target for 2027.

However, Mr. Mattoo said the Middle East war will have an impact on remittances in the East Asia and Pacific region, particularly the Philippines.

“Countries like the Philippines, which depend strongly on remittances, will see remittances from the Gulf… diminish,” he said.

Ergys Islamaj, a senior economist at the World Bank, said the Philippine economy is mainly exposed to the Middle East conflict through remittances as well as energy and fertilizer imports.

“Eighteen percent of remittances to the Philippines in 2025 came from the Gulf. Longer conflict will hurt the economy further,” he said.

In 2025, cash remittances soared to an all-time high of $35.634 billion, accounting for 7.3% of the country’s GDP. Remittances from Saudi Arabia accounted for 6.6% of the total, while the United Arab Emirates made up 4.6% and Qatar made up 2.9%.

The Philippines is a net importer of crude oil and sources most of its supply from the Middle East, making the country vulnerable to global crude price swings.

Mr. Mattoo said that global oil prices are expected to be as much as $20 higher even a year from now compared to the prices before the war broke out.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will grow slower this year? Do you think the Philippines is highly vulnerable as it depends on the Middle East for a great majority of its oil imports? Do you think the Philippines will eventually make new deals with Communist China and the Islamic terrorist regime of Iran for economic needs?

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

Two Suspects Arrested In Parañaque City Over Illegal Substances Worth More Than P1 Million

Recently in the City of Parañaque, the local police successfully pulled off a buy-bust operation that resulted in two suspects arrested and the seizure of illegal substances worth over P1 million, according to a Manila Bulletin news report.

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

Two individuals, including a newly identified big-time drug personality, were arrested in a buy-bust operation launched by the Parañaque City Police Station Drug Enforcement Unit (SDEU) early Wednesday morning, April 8.

Parañaque City Police chief Col. Nicolas Piñon identified the suspects as Roy, 33, tagged as a high-value drug dealer, and Rafael, 54, classified as a street-level drug suspect.

They were apprehended at around 12:05 a.m. on Tulips Street in Tramo Uno, Parañaque City.

Police said the operation was carried out in coordination with the Philippine Drug Enforcement Agency (PDEA) after the suspects were placed under monitoring for alleged involvement in illegal drug activities.

An undercover operative was able to purchase suspected shabu from the suspects, which led to their immediate arrest.

Authorities recovered nine heat-sealed transparent plastic sachets containing approximately 210 grams of suspected shabu, with an estimated value of ₱1,428,000.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think the illegal drug menace will continue to happen in the city?   

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

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

Summer Swimming Lessons 2026 At Tropical Palace Resort Hotel Start Today

The Summer Swimming Lessons 2026 program at Tropical Palace Resort Hotel in BF International, Las Piñas City officially begins today.

Coach Alec Dequiña will lead the teaching of the swimming lessons. Inside Tropical Palace Resort Hotel are the main swimming pool (rectangular) and the small pool.

Courses offered are as follows: Basic (6-years-old and above) for P6,500 with lessons taking place 7:30 AM to 8:30 AM. Advance (6-years-old and above) for P6,500 with lessons taking place 7:30 AM to 8:30 AM. Toddlers (3 to 5-years-old) for P7,500 with lessons taking place 9 AM to 10 AM.

For the precise location of Tropical Palace Resort Hotel, click https://maps.app.goo.gl/qHxdSmeANvk5m4Fa7

To see what the swimming pools look like, click here.

For more information, call Tropical Palace Resort Hotel at landline numbers 8825-1011 and 8825-1012, and mobile number 0906-2750698.

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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

Two Suspects Arrested In Parañaque City Over Illegal Substances Worth More Than P3.7 Million

Recently in the City of Parañaque, the local police successfully pulled off a buy-bust operation that resulted in two suspects arrested and the seizure of illegal substances worth over P3.7 million, according to a Manila Bulletin news report.

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

Police arrested two high-value targets and seized more than P3.7 million worth of shabu in a buy-bust operation in Parañaque City.

Parañaque City Police chief Col. Nicolas Pinon said the suspects, identified as Toto, 52, and Ronnie, 53, both residents of Manuyo Dos, Las Piñas City, were arrested in Barangay San Isidro.

Pinon said the Station Drug Enforcement Unit (SDEU) launched the operation after receiving information that the suspects, though based in Las Piñas, were conducting illegal drug activities in Parañaque.

The suspects were caught selling 25 grams of shabu worth P170,000 to an undercover police officer. Further search led to the recovery of 11 additional sachets of shabu weighing about 525 grams, valued at P3,750,000, inside a black eco bag.

In total, authorities confiscated around 550 grams of shabu worth P3,740,000, along with a Redmi cellphone and the buy-bust money.

The suspects are now detained at the police custodial facility and face charges for violating Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002.

Brig. Gen. Randy Arceo, Southern Police District (SPD) director, said the arrest highlights the police’s continued commitment to combating illegal drugs.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think there could be more individuals from different places doing illegal drug activities in the city? Why do you think Parañaque is a hot spot when it comes to illegal drugs?   

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

Another Filipina Worker In Israel Dies From Iranian Missile Attack, Husband And Family Members Also Killed

Not so long after the Philippines met with and made agreements with the Islamic terrorist regime of Iran (click here and here), another Filipina worker died in Israel as a result of an Iranian missile attack, according to the official statement of the Israeli Embassy in the Philippines and the news article by the Philippine News Agency (PNA).

The Embassy of the State of Israel in the Philippines expresses its deepest condolences following the tragic loss of four members of a family, including a young Filipino woman who chose to build her life with her husband in Israel, in an Iranian missile strike on Haifa on the evening of April 5, 2026.

The victims were Vladimir Gershovich, 73; his wife, Lena Ostrovsky, 68; their only son, Dmitry (Dima) Gershovich, 42; and his wife, Lucille Jane Gershovich, a 29-year-old Filipino citizen. Dima and Lucille were married in April 2024.

Two generations of one family were killed in this attack, another stark reminder that the Iranian regime continues to target civilians indiscriminately.

Israel stands in profound solidarity with the bereaved family and the Filipino community, and shares in the grief over the loss of a Filipino life. We mourn together and honor their memory with dignity.

Lucille’s family has asked that their privacy be respected as they observe this period of mourning. May their souls rest in peace.

Posted below is the entire news article of the PNA. Observe how the article was written in a way to protect the Iranian terrorist regime as Iran’s name was mentioned near the very end.

A Filipino was killed in a missile attack in Israel on April 5 as conflict in the Middle East continues, the Department of Foreign Affairs (DFA) confirmed on Tuesday.

The Filipina died alongside her Israeli husband and elderly parents-in-law inside a residence in Haifa on Sunday evening.

The DFA did not provide further details and identification but said the victim’s next of kin had been informed and that the Philippine Embassy in Tel Aviv is providing assistance.

“The family requests privacy at this difficult time to grieve in peace. We join the Filipino community in praying for her eternal rest and for strength for her family during this time of profound loss,” it said.

The DFA said the embassy is arranging for the earliest possible repatriation of her remains despite the current travel situation in the region.

This is the second Filipino national killed in a missile attack in Israel since it mounted a joint military operation with the United States targeting the nuclear sites and leadership of Iran, prompting retaliatory strikes from Tehran.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the Philippines has officially partnered with the Islamic terrorist regime of Iran and will eventually betray both Israel and the United States in the ongoing Middle East conflict? Do you think Iran should be penalized for being responsible for the deaths of two Filipina workers when it attacked Israel with missiles? Do you think Israel and Trump’s America should intensify their attacks on Iran to bring down the Islamic terrorist regime?

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 athttps://www.instagram.com/authorcarlocarrasco

Sizzling #sisig in one of my #university's #canteens. This sisig is better than the one near the college building ​:munch:​

#FilipinoFood #porksisig #pork #egg #ricemeal #food #foods #lunch #Pinoy #Filipino @[email protected] @[email protected]