Author Carlo Carrasco

Japan Releases Oil Reserves

March 17, 2026March 16, 2026carlocarrasco

As expected, Japan officially started releasing yesterday its oil reserves to stabilize the distribution of petroleum products and to ensure a good supply as the war against the Islamic terrorist regime of Iran continues, according to a Kyodo News report.

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

Japan began to release oil from its reserves Monday to alleviate supply concerns that have grown amid the U.S.-Israel war with Iran and stabilize the distribution of petroleum products, taking the step ahead of a planned International Energy Agency-led move.

In its first oil release since 2022, when it joined an IEA coordinated effort following Russia’s full-scale invasion of Ukraine, Japan is initially freeing up 15 days’ worth of reserves held by the private sector, with a month’s worth of state-held oil to follow.

Chief Cabinet Secretary Minoru Kihara said the release was decided as Japan’s crude oil imports are expected to decrease significantly from late March onwards due to the effective closure of the Strait of Hormuz, which many tankers traverse.

“We plan to make efforts so that (the released oil) will circulate in the market smoothly,” he said, adding the government will “continue to take every possible step to ensure the stable supply of energy, through international coordination and without ruling out any options.”

The IEA said Sunday the planned coordinated release of oil by its 32 member countries, including Japan, will “soon start.”

It said last week that the countries will make 400 million barrels of oil available to the market in response to the disruptions resulting from the Middle East conflict.

Crude oil futures have been surging amid growing prospects of a prolonged conflict, with the benchmark West Texas Intermediate crude oil futures contract briefly topping $100 per barrel again in New York on Sunday, after a similar spike a week earlier.

The Japanese government will reduce the mandatory 70-day reserve requirement for oil refiners and trading companies under Japan’s oil stockpiling law to 55 days’ worth, allowing them to draw down their existing stocks for use.

Last Wednesday, Prime Minister Sanae Takaichi announced the government’s plans to release about 80 million barrels of oil, the largest ever, equivalent to 45 days’ worth of domestic consumption and 1.8 times the amount released after the massive earthquake and tsunami in 2011 that devastated Japan’s northeast.

Preparations are under way to sell oil in government-held reserves to wholesalers.

As of the end of 2025, Japan held reserves of approximately 470 million barrels of oil, equivalent to 254 days of domestic consumption, of which 146 days’ worth were government-owned, 101 days held by the private sector, and the remainder jointly stored by oil-producing countries.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think newly released oil reserves will stabilize the Japanese market for petroleum products? Do you think the joint Israel-US campaign against the Islamic terrorist regime of Iran will ultimately cause the enemy to surrender this month?

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

+++++

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

Malacañang Declares March 27 A Special Non-Working Day In Las Piñas City In Celebration Of Cityhood And Founding Anniversaries

March 17, 2026March 12, 2026carlocarrasco

The City Government of Las Piñas recently announced via social media that Malacañang formally declared March 27, 2026, a special non-working day in the city in celebration of the cityhood anniversary as well as the founding anniversary.

To put things in perspective, posted below is the entire announcement by the City Government. Some parts in boldface…

Malacañang declared Las Piñas Day on March 27, 2026 as a Special Non-Working Holiday. This is in conjunction with the celebration of the 119th Founding Anniversary, and 29th Cityhood Anniversary of Las Piñas. Let’s celebrate our beloved City together!

The City Government’s social media post includes an image of the official signed document from Malacañang.

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? How do you plan to spend the special non-working day of March 27? Are many people in your local community aware of the history of the city’s founding and cityhood?

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

+++++

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

A Look Back at The Kindred #2 (1994)

March 16, 2026March 10, 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, Image Comics and comic book collectors! Today we go back to the mid-1990s to examine one of the many tales of the WildStorm universe through The Kindred mini-series.

The Kindred #1 was an entertaining piece of work by Jim Lee’s team. It was a build-up comic book that smoothly sets the stage for the inevitable reuniting of Grifter and Backlash – two former teammates of Team 7 who are also among the most defining heroes of the WildStorm universe – and the dangerous mission to find and rescue IO director John Lynch (who was also part of Team 7) and his assistant in South America. As the story of issue #1 went on, it was clear that elements from the past are creeping up on the characters and IO itself.

With those details laid down, here is a look back at The Kindred #2, published by Image Comics in 1994 with a story written by Jim Lee, Brandon Choi, Sean Ruffner and Brett Booth. Booth illustrated the comic book.

Early story

The story begins with a high-tech aircraft speeding off the coast of South America. Inside, the temporary leader Backlash (supported by deputy Colby) talks with members of the Black Razor team about what the mission is about and what their objectives are. Their goal is to find IO superior John Lynch and his assistant Alica Turner who have been held captive by a mysterious and dangerous bunch called the Kindred.

Upon arrival at their destination, Backlash, Colby and the Black Razors land to start their operation. Moments later, the stowaway Grifter emerges from inside the aircraft and gets spotted by a corporal. Grifter fires at an ugly, human-like monster of the Kindred saving the corporal’s life. Grifter then descends to follow Backlash and the Black Razors…

Quality

*Backlash and Grifter (Marc Slayton and Cole Cash) together after so many years apart. They are former teammates of Team 7.*

This early, I can say that the entertainment value of this comic book went up really high. It is clearly a nice pay-off to the build-up that happened in issue #1 and it has some notable moments as the storytelling went on.

Without spoiling the plot, the core concept of this series became clearer to me as the story progressed. Apart from the creative idea of having the former Team 7 teammates reunited, there are believable reasons as to why Backlash is leading a team of IO’s armed operative and why Grifter tagged along. Both of them are searching for answers while having different agendas or personal goals. There is also animosity between them which strongly implies something bad happened during their time together with Team 7. John Lynch, who often has been a background or supporting character in previous WildStorm tales (but eventually got a stronger role in Team 7 comics), finds himself cornered by the Kindred whose leader is very aware of what IO has been doing all along. At the same time, IO’s legacy of indiscriminate genetic testing on animal fetuses created a force of not only evil but vengeance. What the Kindred leader mentions effectively blurred the boundary that separates good and evil, and even that of abusers and victims.

By the time I reached the end of the comic book, the stakes and the suspense were raised. The same can be said about the overall fun factor.

Conclusion

*The leader of the Kindred is not only evil. He is driven by vengeance and he knows a lot about IO.*

Thanks to strong creative writing, The Kindred #2 (1994) is indeed a more engaging and more intriguing comic book. It consistently paid off the build-up that happened in the previous issue, and the creative team managed to keep on building up the suspense and tension as the story went on. Those who love spectacle will enjoy the high amount of action here and artist Brett Booth proved himself to be capable of showing dynamic visuals. Booth has an inspired take on showing Backlash and Grifter in action. I am looking forward to the next issue.

Overall, The Kindred #2 (1994) is recommended.

+++++

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/.

Philippines Attracted Only $7.79 Billion In Foreign Direct Investment In 2025

March 16, 2026March 12, 2026carlocarrasco

It can be said that 2025 is indeed a very disappointing year for the Philippines as it attracted only $7.79 billion in terms of net inflows of foreign direct investments (FDI), according to a news report by the Manila Bulletin. The said figure is a drop of more than 17% compared with 2024 and it is recalled that the flood control corruption scandal of 2025 negatively affected the nation.

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

Net inflows of foreign direct investment (FDI) into the Philippines plunged to their lowest level in a decade—excluding the pandemic slump—as investors stepped on the brakes on injecting funds into the country.

The latest data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday night, March 10, showed net inflows of FDI stood at $7.79 billion for the full year of 2025, dropping 17.1 percent from the $9.4 billion recorded in 2024.

It bears noting that the 2025 performance marks a significant downturn, as full-year FDI was the lowest since the 2020 pandemic level of $6.82 billion.

Excluding the pandemic period, 2025 net FDI represents the lowest level in a decade since the $5.64 billion recorded in 2015. This contraction was a consistent trend throughout 2025, with cumulative annual growth remaining negative every month since January.

On a positive note, the final figure exceeded the country’s $7-billion full-year target.

According to the BSP, the overall decline in investments was largely driven by net debt instruments, or intercompany borrowings, which shrank by 27 percent to $5.27 billion from $7.22 billion in 2024.

Meanwhile, net equity capital, other than reinvestment of earnings, grew by 31.4 percent to $1.32 billion from $1.01 billion the previous year. Reinvestment of earnings also saw a modest expansion of 2.5 percent, reaching $1.2 billion.

For the full year, equity capital placements were primarily sourced from Japan, the United States (US), Singapore, and South Korea.

Investments were largely channeled into financial and insurance activities, manufacturing, and wholesale and retail trade.

In December 2025 alone, net inflows were recorded at $560 million, marking the lowest in three months since September 2025 at $316 million.

Robert Dan Roces, group economist at SM Investments Corp. (SMIC), said investors delayed their investments, particularly in December. He added that softer inflows likely reflect seasonality.

Looking ahead, Roces believes the ongoing military conflict in the Middle East could add a layer of uncertainty, triggering market volatility. Still, he sees a gradual rebound in 2026 on the back of improving global financial conditions.

“While the Iran conflict adds uncertainty through higher oil prices and market volatility, we still expect FDI to gradually recover in 2026, particularly in manufacturing, renewable energy (RE), and logistics, as global financial conditions ease and supply-chain diversification continues,” Roces said.

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 rebound strongly this year with 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.

+++++

Muntinlupa City Mayor Writes To Maynilad Executives About Daily Water Service Interruptions

March 15, 2026March 14, 2026carlocarrasco

With Maynilad’s daily water service interruptions still going on in Muntinlupa City, Mayor Ruffy Biazon formally wrote to the executives of the water concessionaire about the problem, 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…

Mayor Ruffy Biazon took the problem of the daily water service interruptions in Muntinlupa to the top executives of Maynilad Water Services.

Muntinlupa customers of Maynilad have been experiencing daily water service interruptions since February.

In its latest advisory, Maynilad told Muntinlupa customers, “Some areas of Brgys. Alabang, Bayanan, Poblacion, Putatan and Tunasan, Muntinlupa City may experience low to no water supply starting March 14, 2026 at 4:00 pm until March 15, 2026 at 7:00 am. This is due to sudden changes in raw water quality caused by strong winds over Laguna Lake during the Amihan season, which required operational adjustments in our treatment facilities. We are currently managing the limited supply and will restore normal service as soon as conditions improve. Mobile water tankers are being deployed in affected areas to assist customers. We apologize for the inconvenience and thank you for your understanding.”

Biazon sent letters to Ramoncito Fernandez, Maynilad president and chief executive officer; and Christopher Jaime Lichauco, chief operating officer, telling them that “once again, Maynilad has failed its customers.”

He said that the water service interruptions have been happening despite the fact that Maynilad has two water treatment plants in Muntinlupa, located in Barangays Putatan and Poblacion.

The mayor is asking Maynilad for a meeting to explain the situation, present steps to prevent it from happening again, and give consideration to affected Muntinlupa customers.

Due to the water service interruptions, the Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) imposed a penalty against Maynilad amounting to P42,569,790.85.

“Meanwhile, following the prolonged water service interruptions that occurred in the southern portion of the West Concession Area in February 2026, the MWSS RO conducted an investigation into the prevailing water supply conditions in the affected areas. Based on the evidence gathered, the MWSS RO found that Maynilad failed to meet its service obligation of providing an uninterrupted twenty-four (24)-hour supply of water at a minimum pressure of seven (7) pounds per square inch (psi) to 98,331 customers within the Putatan Water Treatment Plant and Poblacion Water Treatment Plant Supply Zones,” Maynilad said in a press statemetn.

It said the penalty will be implemented in the form of bill rebates equivalent to P432.92 per affected water service connection, to be reflected in customers’ water bills by April this year.

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, were you affected by the ongoing water service interruptions? If you were affected, how were you able to solve water-related problems in your household? Where do you get water now?

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

+++++

Muntinlupa City Government To Provide Assistance To Family Of Motorcycle Rider Killed By A Fallen Tree

March 15, 2026March 13, 2026carlocarrasco

Recently in the progressive City of Muntinlupa, a motorcycle rider died when a tree fell down on him along National Road. As such, the City Government will provide assistance to the family of the victim and no less than Mayor Ruffy Biazon confirmed it, 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…

Mayor Ruffy Biazon said the city government will provide assistance to the family of a motorcycle rider who was killed when a falling tree hit him on March 11.

“Lubos akong nakikiramay sa pamilya ng motorcycle rider na nasawi matapos mabagsakan ng puno sa National Rd. kagabi. Ang Pamahalaang Lungsod ng Muntinlupa ay nakikipag-ugnayan na sa kanyang pamilya para magbigay ng assistance at iba pang kinakailangang tulong sa abot ng ating makakaya (I extend my deepest condolences to the family of the motorcycle rider who died after being hit by a tree on National Rd. last night. The Muntinlupa City Government is already coordinating with his family to provide assistance and other necessary help to the best of our ability),” Biazon said.

“Kasabay nito, ongoing na rin ang masusing imbestigasyon tungkol sa insidente. Ipinag-utos ko rin ang inspection at agarang cutting o trimming ng mga puno sa mga lugar na maaaring magdulot ng panganib, para maiwasan ang kaparehong trahedya sa hinaharap. Maraming salamat din sa responders na agad tumulong para maalis ang natumbang puno (At the same time, a thorough investigation into the incident is also ongoing. I have also ordered the inspection and immediate cutting or trimming of trees in areas that may pose a danger, to prevent similar tragedies in the future. Many thanks also to the responders who immediately helped to remove the fallen tree).”

The Muntinlupa police reported that an acacia tree suddenly fell, directly hitting the northbound motorcycle rider and damaging two southbound vehicles.

The police identified the victim as Ronnie Cruz, 36, stockman, a resident of BF Homes International Village, Las Piñas. He suffered injuries and was brought to the Medical Center Muntinlupa (MCM) where he was declared dead on arrival by an attending doctor, the police said in a report.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you satisfied with the City Government providing assistance to the family of the victim? Do you think it is time for local authorities to closely examine large trees along the major roads to determine if they will fall down soon? When was the last time a significant trimming of trees in your local community happened?

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

+++++

South Korea To Adjust Visa Incentives To Attract Foreign Talent

March 15, 2026March 10, 2026carlocarrasco

South Korea is aiming high to attract more highly skilled professionals from around the world and it will soon introduce new visa programs for technicians and sector-specific workers, according to a news report by VnExpress. For insight, South Korea has a low birth rate and a rapid aging population.

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

South Korea plans to expand eligibility for its “top-tier visa” for highly skilled foreign professionals and introduce new visa programs for technicians and sector-specific workers, part of broader efforts to address the country’s low birth rate and rapidly aging population.

Justice Minister Jung Sung-ho announced the measures at a press briefing on Tuesday, describing them as part of the government’s long-term immigration strategy looking toward the 2030s, according to Yonhap News Agency.

The top-tier visa is currently granted mainly to professionals working in eight advanced sectors, including semiconductors, artificial intelligence and robotics. Under the revised policy, eligibility will be expanded to include professors and researchers in science and technology fields.

The Justice Ministry said it developed the “2030 Immigration Policy Future Strategy” in response to declining birth rates and an aging population, as well as rapid changes in industrial and technological environments.

Authorities also plan to introduce a new visa program called the K-Core Visa (E-7-M), allowing international students graduating from Korean junior colleges to remain in the country for longer periods, The Korea Herald reported.

To address labor shortages in the care sector, the government will designate selected colleges in each region to specialize in training foreign caregivers.

The ministry also intends to launch a regional immigration package program aimed at encouraging foreign residents to live and work in areas experiencing population decline. The initiative will offer support such as employment and business information, social integration programs and childcare assistance to help foreign workers and their families settle in local communities.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the authorities in South Korea are carefully with the plans they came up with to attract more skilled foreign workers? Do you think the plan will result in a huge impact on the country’s population and demographics? Do you think South Korea has enough measures to prevent illegal immigration from happening?

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

+++++

Southie Fest Ongoing At Festival Mall

March 14, 2026March 13, 2026carlocarrasco

Southie Fest, a special event organized by South Snippets and its strategic partners, formally opened yesterday at the Carousel area of Festival Mall in Filinvest City, Alabang. A showcase of varied products and services offered by mostly business joints of the south, Southie Fest will last until Sunday (March 15).

I personally witnessed the opening of Southie Fest. There was a panel discussion wherein three local entrepreneurs shared insight about their respective businesses, how they managed their enterprise through the years, and what they learned from the many local communities of the south. South Snippets co-founder Donna Santiago was with them and she also shared insight about the organization’s drive of promoting businesses and connecting them with people of the South. Santiago confirmed that she is organizing South Snippets full-time.

*The panel discussion held on the first day of Southie Fest inside Festival Mall. From left to right are the host, the three local entrepreneurs and South Snippets co-founder Donna Santiago.*

*Southie Fest is at the 2nd floor of Festival Mall in front of the old Carousel.*

*A few of the many booths/stalls that you can visit to see what they are offering. If you make it there, go around to explore.*

*I had a very tasty avocado shake there at Southie Fest. This one costs P120 and it is of very good quality.*

Within the Carousel area – 2^nd floor specifically – are lots of booths/stalls of varied local businesses offering customers a wide range of selections of food, beverages, accessories, collectibles, clothing, gift items, handcrafted items, services and a lot more. You really have to be there to truly discover them.

Remaining schedule of activities for March 14 and 15, 2026

Today, a “Southie Community Day” session will take place which will emphasize he community members and local digital trendsetters. It will help people understand who the Southie influencers and content creators are and what they do to inspire the community as they promote their respective platforms. There will be Q&A interviews, interactive games, and meet-and-greet opportunities.

On Sunday, the “Southie Family Day” will wrap up the event. Participants can dive into a variety of interactive workshops, creative classes, and community workout sessions. There will lots of things or experiences that participants can discover, and even learn from.

Southie Fest is a special showcase by South Snippets®, with support from JNE Branding Consultancy, Festival Mall, Aly Olaez, Neil de Belen Studios, Nextgen Events Management, Design Specs Printing Services, Carlo Suzara: Host & Content Creator, Terraland Pines, Kato Fertility Center, and the City Government of Muntinlupa.

It is also supported by Mama Lou’s Group and Mama Lou’s Italian Kitchen, Schola de Vita, MEgorgeous, Let’s Glow Aesthetics, Lando’s Bar Las Piñas, Manna & Muse, BetterLife Yoga Studio, Lindy Hop Philippines, Invitations by Ten Arts & Gift Store, BloomsBrewsMNL, Be Club Lifestyle Hub, SOS Children’s Villages Pilipinas, Kalye Negosyo, and Southies Strays.

Southie Fest media partners are labang Bulletin, TigaSouthKaba, WhenInManila.com, Manila Bulletin, Manila Times, Manila Standard, Life In Tagaytay, Life In Alfonso, Chef Beng, Lowkey Lakwatsera, The Quiet Diner, Southieto, Tara Tagaytay, Wild and Sassy Blog, Dyan sa South, Chizbun Eats, The Reel B, Mauriz Coronel, and Mini Shoots.

*The event organizer booth and more nearby.*

For those of you reading this, I encourage you to visit Festival Mall to attend Southie Fest while it is still going on.

+++++

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

Meralco Signs MOU With Korean Entities For Philippines Nuclear Power Project Development

March 14, 2026March 10, 2026carlocarrasco

Another step towards a nuclear-powered Philippines happened as the energy giant Meralco signed a memorandum of understanding (MOU) with Export-Import Bank of Korea (KEXIM) and Korea Hydro & Nuclear Power (KHNP) for a strategic partnership on the development of nuclear energy projects in the country, according to a BusinessWorld news report.

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

MANILA ELECTRIC CO. (Meralco) has signed a memorandum of understanding (MoU) with Korea Hydro & Nuclear Power (KHNP) and the Export-Import Bank of Korea (KEXIM) to collaborate on the development of nuclear energy projects in the Philippines.

The partnership aims to leverage South Korean expertise to evaluate the feasibility of nuclear power through a multi-faceted approach.

Under the agreement, the three organizations will conduct joint discussions on reactor design and engineering, exchange technical and regulatory information, and work to “strengthen the Philippines’ nuclear legal and institutional frameworks.”

The scope of the MoU also covers early-stage project development, including “public acceptance initiatives, project planning, and site selection studies.”

The companies will focus on business and financial modeling, with KEXIM specifically exploring “potential financing structures and credit facilities” for Meralco’s prospective projects.

Meralco Chairman and Chief Executive Officer Manuel V. Pangilinan highlighted the strategic importance of the collaboration, saying “Partnering with KHNP and KEXIM gives us access to proven global expertise and enables us to study technology, business models, and financing options with greater depth. This MoU marks an early but consequential step in this important process.”

He also said that nuclear energy is a critical component of the company’s long-term strategy to ensure energy security.

“Nuclear energy is a way to diversify our portfolio and reinforce energy security, while offering a degree of insulation from fuel market fluctuations,” he said.

He added that Meralco’s initiative is “complementary to the Philippine government’s efforts to lay the groundwork for its nuclear power program” as the utility provider assesses how the technology can best contribute to its future operations.

KHNP, a subsidiary of Korea Electric Power Corp., is currently the largest power generation company in South Korea, while KEXIM serves as the nation’s state-owned official export credit agency.

Meralco is the country’s biggest private electric distribution utility, serving 39 cities and 72 municipalities. It also has interests in power generation through wholly owned units and equity stakes.

Let me end this post by asking you readers: What is your reaction to this recent development? Now that the MOU has been signed, do you feel more confident about the future of a nuclear-powered Philippines? Do you think new nuclear power facilities in the country will be realized in your lifetime?

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

+++++

SBMA And Leechiu Property Consultants To Advance Freeport Investments And Tourism

March 14, 2026March 9, 2026carlocarrasco

Having been to the Subic Bay Freeport Zone many times already, the former US Naval base has been a strong engine for tourism, commerce and investments for the Philippines over the decades. Each time I visited, there was also something new to discover and the economic modernization happened gradually.

In a serious bid to enhance investments and accelerate the growth of tourism, the Subic Bay Metropolitan Authority (SBMA) announced that it has teamed up with the Leechiu Property Consultants (LPC) and their officials had important talks recently.

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

Subic Bay Metropolitan Authority (SBMA) officials met with executives of Leechiu Property Consultants (LPC) to explore collaborative initiatives to accelerate tourism growth and investment promotion here.

Led by SBMA Business and Investment Group’s Senior Deputy Administrator (SDA) Renato Lee III, discussions focused on expanding high-impact tourism segments including cruise ship tourism, wreck diving, forest trails, and Meetings, Incentives, Conferences, and Exhibitions (MICE) activities.

David Lee-Chiu, CEO of Leechiu Property Consultants highlighted Subic Bay’s deep-water port and strategic location as key advantages in positioning the Freeport as a competitive cruise ship destination in Luzon.

Lee-Chiu also noted that increased cruise calls would drive growth across hospitality, retail, transport, and local enterprises.

Meanwhile, SBMA Chairman and Administrator Eduardo Jose L. Alino also mentioned “wreck diving” as a strong niche market, with Subic Bay’s historic shipwrecks that continue to attract both domestic and international divers.

Also discussed was the development and promotion of forest trails and eco-tourism experiences, recognizing Subic Bay Freeport’s protected forest areas as prime assets for sustainable tourism, nature-based recreation, and eco-adventure activities.

Let me end this post by asking you readers: What is your reaction to this recent development? If you have visited the Subic Bay Freeport Zone over the past three months, how was your stay and did you find the place worth revisiting? Do you think the SBMA can still achieve so much more in terms of tourism growth and 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.

+++++

	Instapundit »… on Trump Responds To US Supreme C…
	Instapundit »… on Trump’s America Urges Allies T…
	The H.A.R.D. Corps (… on A Look Back At The H.A.R.D. Co…
	Instapundit »… on A Lot More American Fruits And…
	Instapundit »… on Varied And Impactful Changes R…

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this: