Author Carlo Carrasco

Trump Reveals First Set Of Projects Under US-Japan Trade Deal

February 19, 2026February 18, 2026carlocarrasco

The ambitious trade deal between America and Japan is beginning to take shape as the administration of US President Donald J. Trump unveiled the first set of multi-billion Dollar projects, according to a news report by Kyodo News.

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

U.S. President Donald Trump’s administration said Tuesday that Japan will finance the production of synthetic diamonds and two energy projects worth about $36 billion as the initial tranche of investments under a deal reached last year following months of tariff negotiations.

Trump’s announcement that the three projects had been selected, as part of a $550 billion package that Japan committed to in exchange for his administration reducing tariffs on Japanese cars and other goods, was confirmed hours later by Japanese Prime Minister Sanae Takaichi.

“These projects are so large, and could not be done without one very special word, TARIFFS,” Trump wrote on his Truth Social platform. “America is building again. America is producing again. And America is WINNING again.”

Calling it a historic time for the United States and Japan, he said a critical minerals project will be carried out in Georgia, along with plans for an oil facility in Texas and power generation infrastructure in Ohio.

Commerce Secretary Howard Lutnick said the United States and Japan will build the largest-ever natural gas infrastructure in Ohio, expected to produce 9.2 gigawatts of power, a deepwater crude oil export facility in the Gulf of Mexico and establish synthetic industrial diamond manufacturing capacity in the United States.

Lutnick said the deepwater facility is likely to generate $20 billion to $30 billion in U.S. crude oil exports annually.

Takaichi said on social media that the gas infrastructure will power artificial intelligence data centers, and the production of synthetic diamonds used in the semiconductor, auto and aviation industries is aimed at reducing the two countries’ overreliance on a specific country, without naming China.

“Going forward, Japan and the United States will continue working closely to further coordinate the details for implementing each project, ensuring their early and smooth execution,” Takaichi said in an X post.

Under a trade deal struck in July last year, Japan has committed to investing $550 billion in the United States by the end of Trump’s second term in January 2029.

Japan’s commitment comprises investments, loans and loan guarantees from Japanese government-backed financial institutions.

Japan’s industry minister Ryosei Akazawa told reporters in Tokyo that about $33.3 billion will be invested in the gas infrastructure, with Japanese companies such as Hitachi Ltd., Mitsubishi Electric Corp., Toshiba Corp. and SoftBank Group Corp. interested in participating in the project.

The project to increase U.S. crude oil exports is valued at $2.1 billion and the production of synthetic diamonds is worth $600 million, according to Akazawa, who mentioned Japanese firms such as Mitsui O.S.K. Lines Ltd., Nippon Steel Corp. and Asahi Diamond Industrial Co. in connection with these initiatives.

Last week, Akazawa and Lutnick agreed in Washington to speed up the selection process for the first round of investments, as the two countries prepare for Takaichi’s visit to the United States next month.

Japan and the United States have said that the investments will focus on strategic sectors, such as critical minerals, semiconductors, artificial intelligence and energy, to advance their national security interests and economic objectives.

The memorandum of understanding between Japan and the United States, signed by Akazawa and Lutnick in September last year, stipulates that Trump will ultimately choose projects recommended by an “investment committee” chaired by the commerce secretary and composed solely of U.S. officials.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the first projects of the US-Japan trade deal will create huge economic impact over the next few years? What other ambitious projects do you think Japan and America will focus on next?

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

2025 Foreign Investments Fall Down 50.1%

February 19, 2026February 13, 2026carlocarrasco

With the final economic numbers of 2025 counted, it has been confirmed that approved foreign investments in the Philippines fell down by more than 50%, according to a news report by BusinessWorld.

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

APPROVED foreign investments in the Philippines plunged by 50.1% year on year to P272.38 billion in 2025, its sharpest fall in five years, the Philippine Statistics Authority (PSA) reported on Thursday.

Preliminary data from the PSA showed that the value of foreign commitments approved by the country’s investment promotion agencies (IPA) in 2025 was lower than P546.19 billion in 2024.

This was the steepest drop in foreign investments since the 71.3% drop recorded during the pandemic in 2020. By value, this was the lowest amount of approved foreign investments since the P241.89 billion recorded in 2022.

Singapore was the top source of investment pledges for 2025 after committing P92.78 billion, or 34.1% of the total. It was followed by the Netherlands with P35.98 billion (13.2% share) and Japan with P34.03 billion (12.5%).

Analysts attributed the sharp drop in foreign investment pledges to the sluggish investor confidence in the Philippines arising from global trade uncertainties, natural disasters and the flood control corruption scandal.

“In a nutshell, the decline in approved foreign investment pledges in 2025 was driven by a mix of weaker investor confidence due to governance and corruption issues, global economic uncertainties, cautious corporate behavior, and an unusually high base of comparison from the previous year,” said Ser Percival K. Peña-Reyes, director of the Ateneo Center for Economic Research and Development.

Marco Antonio C. Agonia, an economist at the University of Asia and the Pacific, said uncertainty over the US tariffs may have also dissuaded foreign investors from setting up operations in the Philippines.

The United States imposed a 19% tariff on most Philippine goods beginning Aug. 7, 2025.

“Similarly, weaker growth prospects from repeated natural disasters and the flood control scandal may have encouraged foreign companies to scrap or defer their investment plans in the country,” Mr. Agonia said in an e-mail.

The Board of Investments (BoI) approved P150.34 billion worth of investment pledges in 2025, accounting for 55.2% of the total. It was followed by the Philippine Economic Zone Authority (PEZA) with investment pledges worth P107.06 billion (39.3% share), and the Bases Conversion and Development Authority (BCDA) with P7.01 billion (2.6%).

For 2025, about 45% or P122.48 billion of the total approved foreign investments will go to the energy sector, followed by manufacturing with P81.41 billion (29.9% share) and real-estate activities with P26.31 billion (9.7%).

In 2025, Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon) cornered around P100.43 billion worth of these investment pledges. Central Luzon will get P70.74 billion while the Bicol Region got P50.76 billion.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines still has a lot of work to do and many challenges to resolve before it could convince foreign investors to come in? Do you think the national government is doing good enough to make the country attractive to foreign investors again?

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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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

Philippine Peso Could Land At P59.70 To The US Dollar By End Of 2026

February 19, 2026February 12, 2026carlocarrasco

With its own analysis of varied economic factors, Metrobank stated that the Philippine Peso could end up at a rate of P59.70 to the US Dollar by the end of this year, according to a BusinessWorld news report.

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

THE PESO may settle at P59.70 against the dollar by end-2026 on expectations of an economic rebound driven by improved investor confidence, Metropolitan Bank & Trust Co. (Metrobank) said.

In a commentary dated Feb. 10, Metrobank trimmed its peso forecast for end-2026 to P59.70 a dollar from P60.80 previously. It likewise projects the peso to end 2027 at P58.50 versus the greenback, from its earlier estimate of P58.90.

“(A)n anticipated economic growth rebound and improved investor confidence, thanks to better government spending, could support the peso,” it said.

If the bank’s 2026 forecast holds true, the local unit would end the year weaker than its P58.79 finish against the dollar on the last trading day of 2025.

The lingering effects of the flood control corruption scandal and uncertainties in the global market pushed the peso to test new lows at the start of the year.

On Jan. 15, it closed at P59.46 per dollar, breaking the previous all-time low of P59.44 recorded just the day prior.

However, it has recently strengthened amid a weak dollar. On Wednesday, the local unit hit a near four-month high after closing at P58.29 versus the greenback, up 24 centavos from its P58.53 finish on Tuesday, data from the Bankers Association of the Philippines showed.

Meanwhile, Metrobank noted that the peso could struggle to regain further strength as the country’s current account is projected to remain at a shortfall this year.

“Still, the projected current account deficit this year — although narrower than last year’s — would cap the peso’s strength,” it said.

Based on the latest central bank data, the current account balance stood at a $12.5-billion deficit by the end of the third quarter. This was equivalent to -3.6% of gross domestic product (GDP).

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Peso could perform better against the US Dollar and end up better than what Metrobank estimated? Do you think a weaker Peso would be very helpful to the exporters?

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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What to watch on YouTube right now – Part 124

February 18, 2026February 15, 2026carlocarrasco

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 Tremors Revisited And Explained – By today’s standards, Tremors is a classic among monster movies (AKA creature features) Hollywood released. With the way it was written and presented, Tremors is always fun to watch again. I have seen it many times and yet it is worth repeating from start to finish. Behind the scenes, there were a lot of stuff, adjustments and unexpected developments that happened during production. If you wish to see such stuff, watch and learn from the Tremors videos of Represent This below.

#2 A Look At Excalibur In Las Vegas –I never had the opportunity to visit Excalibur in Las Vegas. During its first several years of operation, Excalibur welcomed countless tourists with its fantasy-themed atmosphere, designs, facilities and entertainment. Imagine having a meal while watching two knights riding horses and performing a joust in front of you. Imagine seeing members of the hotel staff wearing fantasy costumes. Like Circus Circus Hotel and Casino, Excalibur was a fine hotel that catered to families while still having casinos for gamblers. To learn more about what Excalibur was and what made it stand out among the hotels of Las Vegas, watch the video below.

#3 Meals At The Expressway In Japan – How often do you stop for a meal when traveling along a major highway? In many parts of the world, highways or expressways have clusters of gas stations, convenience stores, groceries and restaurants for travelers who need some relief from the stress of long travel. For many travelers, traveling far while being hungry can be a problem. In recent times, Nippon TV posted a video about meals and food items that travelers can find along expressways and the variety is interesting to see. Watch and learn from the video below.

#4 Cleopatra Movie Revisited – Way back in 1963, the movie Cleopatra starring Elizabeth Taylor and Richard Burton was released. The historical epic was made at a staggering cost of $44 million which was almost three times more expensive than 1959’s Ben-Hur. Behind the scenes, 20^th Century Fox was in very deep financial trouble and many hard business risks were taken to make Cleopatra. Elizabeth Taylor, who signed a record-setting $1 million contract for the film, had health problems that added to the delay of the production. The film even lost its original movie director. To learn more about the history and the behind-the-scenes intrigue of Cleopatra, watch the video below.

#5 Innerspace Revisited – Innerspace (stylized as InnerSpace) from 1987 is a fun movie to watch and it has fine performances from Dennis Quaid, Meg Ryan and Martin Short. That said, it is not surprising to see Innerspace featured in reaction videos and retrospective videos by YouTubers. For your enjoyment, watch the videos below.

#6 Breath Of Fire Retrospective – When Breath of Fire was first released in 1993, it was a surprising Japanese role-playing game (JRPG) as it had a somewhat fresh concept and it was released by Capcom (already famous for fighting games). The first game was successful enough to convince Capcom to make sequels (released on other game consoles as technology evolved) achieving varying degrees of critical and commercial success. Going back to the original game, some wondered what made it notable and how the game came to be. To find out the history of Breath of Fire and what its story was about, watch the video below.

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Indian Restaurant In Alabang Hit By Fire

February 18, 2026February 17, 2026carlocarrasco

The Royal Indian Curry House, an in Indian restaurant located in Filinvest City, was hit by a fire in the early morning of February 16 and the estimated amount of damage is at P16 million, according to a Manila Bulletin news report. The said restaurant is just steps away from Wildflour and South Supermarket in Alabang.

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

Fire damaged an Indian curry restaurant in Alabang, Muntinlupa, shortly before 5 a.m. on Feb. 16.

The Muntinlupa City Fire Station reported that the fire hit the Royal Indian Curry House in Filinvest Alabang at 4:48 a.m. The first alarm was raised at 4:53 a.m. before the blaze was put out by firefighters at 6:08 a.m.

The fire destroyed the second floor of the establishment, damaging P16 million worth of properties. The origin and cause of the fire are under investigation.

*Visible damage of the 2nd floor of the restaurant.*

*The other side of Royal Indian Curry House of Alabang with visible damage at the 2nd floor.*

*The restaurant in Filinvest City, Alabang.*

For the location of Royal Indian Curry House in Filinvest City, Alabang, click https://maps.app.goo.gl/ZzYMnP2y1xo6wmZs6

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, have you dined at Royal Indian Curry House already? What do you think caused the fire?

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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2026 NTT Asia Triathlon Cup Subic Bay International Triathlon (SUBIT) Set For May 2 And 3, Registration Ongoing

February 17, 2026February 16, 2026carlocarrasco

The Subic Bay International Triathlon (SUBIT) – the longest running international triathlon event of the Philippines – will be held on May 2 and 3, 2026, inside the Subic Bay Freeport Zone and already online registration (note: RaceYa account is required) is ongoing.

The event is formally referred to as the 2026 NTT Asia Triathlon Cup Subic Bay International Triathlon which will be organized by Triathlon Philippines (TriPhil) and is supported by the Philippine Sports Commission (PSC), Gatorade and the Western Guaranty Corporation.

Available details

On May 2, Sprint Distance (750 Meter Swim – 20 Kilometer Bike – 5 Kilometer Run) races will be held.

On May 3, the Standard Distance (1.5 Km Swim – 40 Km Bike – 10 Km Run), Sprint Distance, Super Sprint Distance (500 M swim – 13 Km Bike – 2.5 Km Run) and Super TriKids events will take place.

Race categories are the Elite, Age Group Sprint, Age Group Standard, Age Group U15 Super Sprint and Super TriKids

Registration fees

The Early Bird period of registration fees is now in effect and the fees are as follows:

Standard Distance – P6,000 plus online registration fees

Sprint Distance – P5,500 plus online registration fees

Super Sprint Distance – P4,500 plus online registration fees

Super TriKids – P3,500 plus online registration fees

The Early Bird period of registration will last until February 28, 2026.

Effective March 1, 2026, the Regular registration fees will take effect which are as follows:

Standard Distance – P6,500 plus online registration fees

Sprint Distance – P6,000 plus online registration fees

Super Sprint Distance – P5,000 plus online registration fees

Super TriKids – P4,000 plus online registration fees

The Regular period of registration will last until March 31, 2026.

Effective April 1, 2026, the Late registration fees will take effect which are as follows:

Standard Distance – P7,500 plus online registration fees

Sprint Distance – P7,000 plus online registration fees

Super Sprint Distance – P6,000 plus online registration fees

Super TriKids – P5,000 plus online registration fees

*Online banner of the 2026 NTT Asia Cup Subic Bay International Triathlon.*

Other key details of the event such as the final schedules, the race maps and more will be updated at the official event page at RaceYa.

To get registered for the 2026 NTT Asia Triathlon Cup Subic Bay International Triathlon, click https://register.raceya.fit/event/subit2026

To receive more triathlon and multisport updates, visit https://www.facebook.com/TriPhil.

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Muntinlupa City Government Teams Up With UP NOAH Center For City Drainage Strategy

February 17, 2026February 11, 2026carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government formally teamed up with the University of the Philippines’ (UP) NOAH Center to develop the master plan for the city drainage, 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…

The Muntinlupa City government has tapped the University of the Philippines’ NOAH (Nationwide Operational Assessment of Hazards) Center to develop a drainage master plan.

Mayor Ruffy Biazon endorsed a proposed memorandum of agreement with UP NOAH Center to the Muntinlupa City Council for review and approval.

Biazon said partnering with UP NOAH Center is an important step to have a science-based and long-term solution to flooding in Muntinlupa.

The UP NOAH Center is a research and development center of UP specializing in disaster risk reduction and climate science.

It provides advanced hazard mapping, flood modeling, and risk assessment using scientific research and cutting-edge technology, and works closely with local governments to develop data-driven solutions that strengthen resilience against natural hazards.

The project covers the formulation of a comprehensive drainage master plan that will guide future infrastructure development and improve stormwater management in Muntinlupa.

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 City Government made a wise move to have UP NOAH Center as its partner on developing the city drainage master plan? Do you hope there will be big improvements in the years to come?

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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A Look Back at Elven #3 (1995)

February 16, 2026February 12, 2026carlocarrasco

Disclaimer: This is my original work with details sourced from reading the comic book and doing personal research. Anyone who wants to use this article, in part or in whole, needs to secure first my permission and agree to cite me as the source and author. Let it be known that any unauthorized use of this article will constrain the author to pursue the remedies under R.A. No. 8293, the Revised Penal Code, and/or all applicable legal actions under the laws of the Philippines.

Welcome back, superhero fans, 1990s arts and culture enthusiasts, Ultraverse fans and comic book collectors! Today we go back to the mid-1990s to examine one of the many tales of the Ultraverse through the Elven mini-series.

Having read the first two issues (click here and here), I can say that there is indeed progressive development of the personality of Elvia and her fantasy inspired identity as Elven. At the same time, the fantasy elements of the Ultraverse itself were portrayed in lively fashion. Clearly, Elven’s own corner of the Ultraverse has been established and there is some excitement to find out what would happen next and how it could affect others within the UV.

With those details laid down, here is a look back at Elven #3, published by Malibu Comics in 1995 with a story written by Len Strazewski and illustrated by Aaron Lopresti (Sludge).

Early story

The story begins on top of the building with Elven and Prime meeting again. Tensions are high as Elven accuses him of lying. By this time, she learned a lot of details about her origin from the demon she fought with which convinced her that Prime lied to her about their genetic connections with each other (note: Doctor Vincent Gross was involved as he wanted to create ultras).

Elven rejects the science as she is strong convinced she is of magical origin from a mystical world and happens to be trapped on Earth. As Prime tries to put sense into her, Elven strikes him with a blast of energy to push him back. The blast turned to be of biological energy instead of magic.

As Elven reveals that she learned crucial information from the demon she fought with, Prime realizes it is none other than the one enemy he fought with some time ago…

Quality

*Once again, Elven impulsively uses violence on individuals to help Bruno.*

Following the events of issue #2, Elven here remains confused and even lost as she has a lot of trouble figuring out the facts. Of course, being a fanatic of fantasy and Elfquest, Elven clings on to the belief that the fantasy realm is real and that she is of magical origin (which conflicts with the biology and science of her abilities and physical transformation). This is evident in the early part of the comic book when she has a tense reunion with Prime who did his best to explain details and help her understand.

When it comes to the very conflict of the story itself, the stakes were raised when Strazewski has Prime-Evil and elements of unethical science present during the later stage. Apart from abducting Elven, Prime-Evil has his own agenda pursuing Mantra (who in turn has an evil version called Necro Mantra) and a lot of arrogance within. Literally, Prime-Evil’s presence added intrigue to the plot and only made Elven’s struggle to realize the truth of her origin – both the scientific and fantasy aspects – even more complicated.

Bruno, who was a significant and surprising factor behind the conflict in issue #2, gets his nice share of the spotlight. Without spoiling the plot, I can say that he is a lot more than what he seems and has more to add to the conflict.

Considering the intensity of the conflict in issue #2, I find it very weird that Bruno and Elvia were not even reported to the local authorities for questioning and accountability. Perhaps the psychiatrist did not bother to do what is right since he was so fascinated with the fantastic conflict and unexplained moments that happened in his office (note: his own office assistant even became naked suddenly), and he has ambitions to become America’s next big name with his knowledge.

Conclusion

*Elvia with Bruno and their psychiatrist.*

At this particular stage of the mini-series, Elven #3 (1995) had an even more intriguing story to tell while gradually moving forward with Elven’s quest for the truth of her origin and her own purpose. The Strazewski-Lopresti duo did fine work in this comic book for the most part and ultimately the story convinced me to look forward to the next issue. I can say that the ending of this comic book is more suspenseful than that of issue #2.

Overall, Elven #3 (1995) is recommended.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. 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/.

Wanted Painter Arrested In Las Piñas City For Attempted Murder

February 16, 2026February 10, 2026carlocarrasco

Recently in the City of Las Piñas, a wanted painter was apprehended by the local police over the charge of attempted murder, according to a news report by the Manila Bulletin.

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

Las Piñas police arrested a painter, listed as the station’s No. 3 Most Wanted Person, for attempted murder during a manhunt operation on Feb. 5.

Col. Wilson Delos Santos, Las Piñas City Police chief, said the suspect, Reynard, 34, was nabbed by members of the Warrant and Subpoena Section at his residence in San Jose Street, Barangay Ilaya, Las Piñas City.

The police served the warrant of arrest issued by Judge Ma. Ludmila de Pio Lim of the Las Piñas City Regional Trial Court, Branch 253, on July 8, 2025, for attempted murder with a recommended bail of P120,000

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you thankful to the local police for apprehending the suspect? Are you concerned that there could be some other people out there who are wanted for attempted murder but have yet to be arrested?

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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2.26 Million Filipinos Jobless in December 2025, Unemployment Rate Lands At 4.4%

February 15, 2026February 9, 2026carlocarrasco

Over two million Filipinos were reported jobless for the month of December 2025 with the unemployment rate landing at 4.4%, according to a business news report by the Manila Bulletin.

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

The country’s unemployment rate held steady at 4.4 percent in December 2025 from the previous month, but underlying labor market data pointed to emerging softness as the number of jobless Filipinos continued to rise.

The latest preliminary data from the Philippine Statistics Authority (PSA) released Friday, Feb. 6, showed that around 2.26 million Filipinos were unemployed in December, up sharply from 1.63 million during the same month in 2024 and slightly higher than the 2.25 million recorded in November.

The increase came alongside a labor force participation rate of 64.4 percent, translating to about 51.69 million Filipinos aged 15 and above who were either employed or actively seeking work.

The employment rate settled at 95.6 percent for the month, down from 96.9 percent in December 2024, while the underemployment rate fell to a single-digit eight percent in December—the lowest on record, National Statistician Claire Dennis S. Mapa noted at a press briefing. The last time that underemployment reached a single-digit rate was in May 2024, when it stood at 9.9 percent.

For full-year 2025, the employment rate slipped to 95.8 percent from 96.2 percent in 2024, while the unemployment rate rose to 4.2 percent from 3.8 percent. Underemployment held steady at 11.9 percent, the same level recorded in 2024.

Mapa attributed the year-on-year increase in unemployment primarily to the construction sector, which reportedly shed 550,000 jobs.

He noted that weak growth in construction—particularly public construction—was the main driver of the rise in unemployment. The sector further declined in the fourth quarter of 2025 compared with the third quarter.

Reductions in employment were also observed in transportation and storage (258,000), fishing and aquaculture (258,000), and manufacturing (255,000), but Mapa emphasized that construction accounted for the largest impact.

While employment grew by around 172,000 in 2025 compared with 2024, Mapa said this was the lowest annual increase in the past three years, excluding the pandemic years.

He noted that employment had risen by 1.29 million in 2023 compared with 2022 and by 664,000 in 2024 compared with 2023, highlighting a clear downward trend.

The slowdown was largely due to the construction sector contributing fewer workers compared with previous years, as reduced public construction activity translated into lower employment.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think unemployment all over the Philippines will gradually get worse over the next twelve months? If the economic growth of the Philippines weakens further, do you think job opportunities will be reduced?

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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