Asia – Author Carlo Carrasco

Japan Supports Oil Diversification In Southeast Asia

May 29, 2026May 26, 2026carlocarrasco

For a few months now, the economies of Southeast Asian nations have been affected by the higher costs of imported oil from the Middle East and there is no telling what evil the terrorist state of Iran could do with regards to the critical Strait of Hormuz. As such, the need for Southeast Asian nations to diversify their crude oil procurement sources is clear and Japan confirmed it will help them, according to a news article by Jiji Press with additional content from Manila Bulletin.

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

The Japanese government plans to help Southeast Asian countries diversify their crude oil procurement sources, in order to stabilize petrochemical supply chains amid the ongoing Middle East tensions.

Faced with recent energy shocks following the effective closure of the Strait of Hormuz, Southeast Asian nations, which depend heavily on imported crude oil, are working to reduce their reliance on Middle East oil.

The Philippines has depended on the Middle East for more than 90 pct of its crude oil imports. In March, the Philippines declared a national energy emergency due to soaring crude oil prices.

The Southeast Asian nation recently started importing crude oil from Russia, even while some countries have reduced or halted imports from Russia as part of sanctions following its invasion of Ukraine. The Philippines has also shown a willingness to pursue joint oil and gas exploration with China in the South China Sea, where the two countries have territorial disputes.

Philippine President Ferdinand Marcos Jr. said in a recent interview, “I don’t think that we will go back to the old system where the majority of the petroleum products that are coming out of the Strait of Hormuz are going to Asia.”

Marcos expressed expectations that Asian countries will further advance the diversification of their crude oil supply sources in the coming years.

Other member states of the Association of Southeast Asian Nations, such as Thailand and Vietnam, are also seeking to diversify their procurement of crude oil by increasing imports from the United States and African countries, in addition to Russia.

At an ASEAN summit in Cebu in the Philippines earlier this month, leaders reaffirmed in a joint statement their commitment to diversifying crude oil procurement sources and promoting energy trade in the region. They also exchanged views on the idea of establishing joint oil and gas reserves.

Meanwhile, the Japanese government is wary of the potential impact on domestic supply chains if supply chains in Southeast Asia, a petrochemical manufacturing hub, are disrupted.

“Supporting supply chains in Asian countries will directly contribute to strengthening the Japanese economy,” Japanese Prime Minister Sanae Takaichi said, indicating her intention to support ASEAN.

In April, the Japanese government announced a framework to provide financial support of 10 billion dollars, or around 1.6 trillion yen, to help stabilize energy supplies in Asian countries.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Japan’s support for oil diversification in Southeast Asia is crucial for both itself and the region? Do you think Japan’s $10 billion plan will succeed in stabilizing the energy supplies of Asian nations? Do you think the Philippines will fall into an economic recession this year if the oil prices remained high? Do you think it is a wise idea for the Philippines to pursue a joint oil and gas exploration in the South China Sea with Communist China?

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

Japanese Business Leaders Pledge $3.4 Billion Worth Of Investments For The Philippines

May 29, 2026May 28, 2026carlocarrasco

The Philippines, which is already struggling with weak economic growth, high fuel prices and rapid inflation, got a boost thanks to Japanese business leaders who pledged investments worth $3.4 billion for the country, according to a news report by GMA News.

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

President Ferdinand Marcos Jr. on Wednesday secured stronger commitments for deeper economic integration during a high-level roundtable meeting with top Japanese business executives at the Imperial Hotel in Tokyo.

In his meeting with leaders of Japan’s largest conglomerates and financial institutions, Marcos bagged an aggregate investment commitment of $3.4 billion (approximately P210 billion) from participating Japanese corporations.

In a statement, the Presidential Communications Office (PCO) said these combined capital inflows are “projected to catalyze substantive macroeconomic benefits, expanding domestic industrial capacity and directly generating thousands of high-quality, specialized jobs for Filipinos.”

The PCO added that the infusion “underscores the resilience of the Philippine market, promising long-term economic dividends by fortifying local supply chains, upgrading tourism infrastructure, and accelerating technology transfers across critical growth sectors.”

The President is in Tokyo for a four-day state visit upon the invitation of the Japanese government.

In his remarks, Marcos said a robust Philippine-Japan economic corridor is critical and that laying the groundwork for an enhanced, unified partnership is essential to navigate global difficulties, build resilience, and sustain momentum.

“As we mark 70 years of the normalization of our diplomatic relations, we are no longer simply commemorating history. We are entering a new chapter – a chapter defined not only by friendship, but by deeper integration, shared growth, and a common belief in the future,” the President told the leaders of Japan’s largest conglomerates and financial institutions.

He outlined a unified government approach spearheaded by the Department of Trade and Industry (DTI) and the Department of Tourism (DOT).

“The Philippines is pursuing a clear national direction: building an economy where infrastructure, industry, finance, human capital, and connectivity move together as one system of growth,” Marcos said.

“Increasingly, we recognize that trade and tourism will be among the most important engines of that growth.”

He underscored the importance of stronger trade and tourism linkages, saying these are not supporting sectors but “core drivers of economic expansion in the Philippines moving forward.”

“This is a philosophy our two countries understand deeply,” the President said.

He also acknowledged the foundational contributions of several Japanese firms operating in the Philippines, such as All Nippon Airways, Toyota, Mitsubishi Corporation, Marubeni, Panasonic, and Fast Retailing.

He thanked these Japanese investors for their continued confidence in the Philippine economy and for helping create high-quality opportunities for Filipino workers and industries.

“You are no longer just investors in our economy. You are builders of it,” Marcos told the Japanese business leaders.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the $3.4 billion investment pledge by Japanese corporations will be a huge boost for the Philippines’ economy? Do you consider the ties of Japan and the Philippines healthy today?

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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Malaysia Now Has Little Caesars

May 28, 2026May 28, 2026carlocarrasco

Recently in Malaysia, the most-visited Southeast Asian country in the first quarter this year, Little Caesars opened its first outlet in the country marking its ongoing global expansion, according to a VnExpress news report.

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

Little Caesars, the world’s third-largest pizza chain only after Domino’s and Pizza Hut, has opened its first outlet in Malaysia, marking the brand’s global expansion.

The new outlet was launched on May 24 in Damansara Utama, a suburb of Petaling Jaya in Selangor.

The outlet serves Little Caesars’ signature Hot-N-Ready classic pepperoni pizza and crazy puffs pepperoni, while also incorporating localized offerings such as Chicken Hawaiian, 3 Cheese Edge to Edge, and Classic Veggie pizza, the chain said in a statement.

The chain is known globally for its affordable pizzas, Crazy Bread, and quick grab-and-go style meals.

Little Caesars, billed as the “Best Value in Pizza,” was founded by Mike Ilitch and Marian Ilitch as a single family-owned restaurant in 1959 and is headquartered in Michigan. It has since grown into the world’s third-largest pizza chain, operating restaurants across all 50 U.S. states and 31 countries and territories.

Let me end this piece by asking you readers: What is your reaction to this development? If you were to visit Malaysia today, would you make an effort to visit Little Caesars and have a meal there? If you have dined at Little Caesars before, what is your favorite among their food offerings? Do you think Little Caesars will be able to do good business in 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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America’s Pax Silica Prompts P7 Billion Power Expansion In New Clark City

May 28, 2026May 25, 2026carlocarrasco

Pax Silica – the United States’ Pax Silica flagship effort on artificial intelligence (AI) and supply chain security that includes the Philippines – prompted the P7 billion investment of the National Grid Corporation of the Philippines (NGCP) to ensure a stable power supply for New Clark City in Tarlac province, according to a news report by the Manila Bulletin.

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

The National Grid Corporation of the Philippines (NGCP) plans to invest nearly ₱7 billion in a dedicated substation to guarantee a stable power supply for New Clark City in Capas, Tarlac, anticipating a surge in demand from a planned artificial intelligence (AI) industrial hub.

Joshua Bingcang, president and chief executive officer of the Bases Conversion and Development Authority (BCDA), said the investment promotion agency is currently in talks with NGCP to finalize the project’s details. The grid operator is drafting the alignment plan for the substation, which Bingcang noted should be finalized “soon.”

“Our target with them is by [the] end of 2028, the dedicated power connection should be already installed in New Clark City,” he told reporters last week.

Bingcang added that the BCDA initially offered to fund the project to jump-start construction, with NGCP reimbursing the agency later. However, NGCP declined the offer because the substation is already integrated into its capital expenditures.

Under its Transmission Development Plan 2024 to 2050, NGCP outlined plans to construct the Capas 230-kilovolt (kV) substation to meet the growing power needs of the emerging metropolis. According to the plan, NGCP will allocate ₱6.95 billion to develop the facility.

To facilitate the project, Bingcang said the BCDA is offering land along the Subic-Clark-Tarlac Expressway (SCTEX) to ensure an unimpeded route for the transmission line into New Clark City. Once operational, the substation is expected to give locators in the AI hub the confidence to manufacture high-value inputs without risking operational pauses due to power shortages.

The AI hub will span more than 1,600 hectares within New Clark City as part of the United States-led Pax Silica partnership, which aims to encourage investment among member countries to bolster the global AI supply chain.

To meet the site’s massive energy requirements, Bingcang said the BCDA expects a foreign investor to build a solar energy project capable of generating up to 500 megawatts. Furthermore, the agency is drafting plans for an embedded power plant to secure baseload power and enhance the hub’s overall energy reliability.

In a separate interview with Business 360, Bingcang disclosed that the BCDA is also negotiating with US investors to construct a dedicated pipeline to transport jet fuel from Subic Bay to Clark International Airport, supporting the logistics needs of companies within the AI hub. The agency is also exploring a separate pipeline along SCTEX to deliver fuel or liquefied natural gas.

Additionally, the BCDA is advancing a public-private partnership (PPP) project for New Clark City’s information and communications technology (ICT) infrastructure. According to a bid bulletin published by the PPP Center, the agency aims to conclude the procurement process for a joint venture partner to lay fiber-optic cables across the city by August.

Bingcang noted that all of these infrastructure projects were requested by the US during preliminary talks for the AI hub. Following a visit to the 1,600-hectare site last week, the US will send engineering personnel next month to conduct a site assessment and design a concept plan for the industrial zone.

“Parallel to these technical studies, we will also finalize the commercial arrangement and contractual framework for the project. Within the year, we will be announcing a definitive contract arrangement [with the US],” Bingcang said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Pax Silica will prompt further infrastructure and energy developments related with New Clark City as the initiative develops further? Do you think there is room for nuclear power to considered 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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What To Watch On YouTube Right Now – Part 139

May 27, 2026May 26, 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 Maximum Carnage Revisited – With Spider-Man, Venom and Carnage all in high demand in 1993, Marvel Comics launched the 14-part Maximum Carnage storyline published on the four Spider-Man monthly comic book series and the quarterly Spider-Man Unlimited series. Carnage back then was a still new super villain who is more insane and more bloodthirsty than even Venom. Maximum Carnage has a divisive reception among fans and comic book collectors. Some called it the worst Spider-Man storyline while others found it exceptional as the chaos in New York City attracted other Marvel superheroes – notably Captain America – to help Spider-Man solve the crisis. Regardless of opinion, Maximum Carnage made an impact on pop culture and it got its own official video game adaptation. To discover more about Maximum Carnage in comics and in video game form, watch and learn from the videos below.

#2 The World’s Largest Truck Stop Diner – While I have visited the United States a number of times since 1989, I never had the opportunity to spend time at a truck stop diner nor have I ever experienced traveling long distances in a truck. Having seen truck stop diners (or rest places for truckers) on videos and on TV, I noticed those places have a unique vibe, its own culture and assorted meals customers can enjoy. As such, I urge you to watch the video below and pay attention to the details.

#3 You, Me And The Movies React To Scary Movie (2000) – In November of 2000, I saw Scary Movie in the local cinema here in the Philippines and almost all the seats were filled. That film was released in America in July that same year and it became a surprise box office hit. Even though it was not heavily promoted here in the Philippines, it still attracted a lot of local moviegoers upon opening. Regardless, the Keenen Ivory Wayans-directed movie was a mature parody of varied horror movies (notably the Scream and I Know What You Did Last Summer movies) and its success made Anna Faris popular. Local moviegoers who enjoyed American Pie had their enjoyment watching Shannon Elizabeth again. Now that the movie is over a quarter-century old, one has to wonder if it still has the power to entertain viewers, especially those who missed out on it. That said, you should watch the reaction video of You, Me and the Movies below.

#4 Ashleigh Burton Reacts To Patriot Games – Recently, Ashleigh Burton posted her reaction video of the 1992 movie Patriot Games starring Harrison Ford as Jack Ryan. For context, Patriot Games was the cinematic sequel to The Hunt For Red October and both were based on novels by Tom Clancy. At the time of Patriot Games’ release, there was some buzz and even debates about Harrison Ford’s portrayal of Jack Ryan, especially when compared to Alec Baldwin’s take on the same character in the 1990 film. How Ashleigh Burton reacts to Patriot Games is a must-see.

#5 Bears Cause Trouble In Japan Again – Recently in Japan, bears are causing trouble once again and there was one person who got attacked. As there is still a lot of forests and untouched land in Japan, bears are present and arguably multiplying. From time to time, bears come out of the woods and appear in places where people dwell. As such, there is a lot for you to learn about them and you can stay safe in Japan by watching the Nippon TV video below.

#6 Why Gamers Stopped Buying Games At Full Price – Are you a hardcore gamer who got so disappointed with the current state of gaming that you decided to refrain from buying video games at full price? You definitely are not alone. In my experience as an Xbox gamer, I got very turned off by the changes made by Team Xbox as well as the quality of their high-profile first-party games of the past two years, I decided to go for bargains and retro gaming. I also extended my patience for brand new games to drop their prices first before I could even consider buying them. The video posted below explains in detail how the gaming landscape shifted and how the behaviors of gamers have changed which should concern every video game company that invested so much on making new video games. Watch it and pay attention to the details.

#7 Minty Comedic Arts’ Revenge Of The Nerds Trivia Video – During the early stages of the COVID-19 pandemic, Minty Comedic Arts posted his trivia video about the 1984 raunchy comedy classic Revenge of the Nerds. Directed by Jeff Kanew and starring the late Robert Carradine, Anthony Edwards, Ted McGinley and Julia Montgomery, the movie follows a group of socially awkward students who are compelled to form their own fraternity after getting harassed and bullied by a dominant fraternity. Filled with adulterated gags, funny dialogue and memorable character moments, Revenge of the Nerds was a commercial success and it spawned three sequels. The story behind the movie’s production is filled lots of details that are worth exploring and you can learn all about those by watching Minty Comedic Arts’ trivia video below.

#8 The Forgotten Cartoons Based On Video Games – You may have played the video games of Tomb Raider, Darkstalkers, Wing Commander, Mutant League and Bubsy. But have you seen the cartoon shows based on them? Indeed, there were animated adaptation of the said games and not too many gamers remember them. That said, you have to see GoodBadFlicks’ video about them now.

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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

Japan To Launch Survey On Population Of Bears Following Surge In Attacks On People

May 27, 2026May 22, 2026carlocarrasco

In response to the recent surge of bear attacks on people, Japan will start an official survey on the population of bears particularly in the Tohoku region covering six prefectures, 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…

The Environment Ministry will begin surveying bear populations in Japan’s northeastern Tohoku region and vicinity in June by setting up about 800 cameras in mountains, it said earlier this week, following a surge in bear attacks on humans.

Camera traps and other means will be used to help count black bears in the six prefectures of Aomori, Akita, Iwate, Yamagata, Miyagi and Fukushima — collectively known as Tohoku — as well as adjacent Niigata, with the estimates to be released possibly by early next year.

The survey plan was revealed as Japan saw a record high number of 238 people injured or killed by bear attacks in the year through March.

It was reported at a recent meeting of ministers on measures against bears that more of the animals were spotted in Tohoku in April than in the same month last year.

The ministry said it will conduct surveys in other areas of Japan in fiscal 2027.

Regarding a survey in the northern island of Hokkaido, inhabited by brown bears, the ministry plans to mainly use a method of collecting body hair to count and estimate their numbers.

The ministry also plans to survey the tiny population of black bears on Shikoku, in western Japan, but no research is planned for the adjacent island of Kyushu, where the animals are believed to have gone extinct.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the Japanese government’s approved survey on the population of bears will turn out successful and helpful? Were you able to witness a bear attack a person there in Japan?

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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Vietnamese National Arrested In Parañaque City For Performing Illegal Cosmetic Procedures

May 26, 2026May 29, 2026carlocarrasco

Recently in the City of Parañaque, elements of the National Bureau of Investigation (NBI) arrested a Vietnamese national for illegal cosmetic procedures done in a clandestine clinic, according to a GMA News report.

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

The National Bureau of Investigation (NBI) arrested a Vietnamese citizen for allegedly performing illegal cosmetic procedures at a clandestine clinic in Parañaque City.

Operatives from the NBI Special Action Unit conducted an entrapment operation on May 13 after receiving a complaint about an individual posing as a medical professional offering invasive procedures.

“Upon verification with the PRC, this individual is not a licensed medical professional and is not allowed to practice medicine,” an NBI agent said during a press briefing.

Authorities said an undercover operative applied for a liposuction procedure, which requires professional medical expertise.

“Liposuction is considered an invasive procedure that requires the expertise of a medical professional,” the agent added.

The suspect was arrested after operatives entered the clinic and found two Filipino patients who had just undergone procedures.

“They are still fresh from their medical procedures,” the NBI said, noting this confirmed active medical practice inside the facility.

Authorities also seized medical equipment used in the operation. The suspect is facing charges for violation of the Medical Act of 1959.

Investigators said the clinic offered procedures at around P40,000—lower than rates charged by licensed practitioners, which can range from P50,000 to P80,000.

Officials warned the public to be cautious of unusually cheap procedures and to verify the credentials of practitioners.

“Kapag napuna ninyo na mas mura, i-verify muna ninyo kung ito ay may registration, may permits,” NBI Spokesperson Palmer Mallari said.

(If you notice the price is lower, verify first if the clinic is registered and has permits.)

The NBI also flagged new tactics used by illegal clinics to avoid detection, including restricting patients from using mobile phones during procedures. According to investigators, this may be intended to prevent communication with authorities or accomplices during entrapment operations.

Authorities added that such operations have become more “compartmentalized,” making it harder for both patients and law enforcement to identify those actually performing the procedures.

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 feel angry about the illegal cosmetic procedures performed by the Vietnamese national before getting arrested? Are you concerned that there could be several patients who availed of the suspect’s illegal procedures? Do you think the suspect should be banned from returning to the Philippines? How do you think the clandestine clinic and the illegal procedures were set-up in the city in the first place? Do you personally know anyone who became a victim of the suspect?

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

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

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

Economic Warning Signs In The Philippines Grow

May 26, 2026May 21, 2026carlocarrasco

With weak economic growth and high inflation already happening, the future is looking dark for the economy of the Philippines and there are warning signs growing, according to a news report by Malaya Business Insight.

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

The Philippines is not yet in stagflation, economists said, but slowing growth, high inflation, weak public spending, and the Middle East oil shock are pushing parts of the economy closer to danger.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said some weaker sectors may already be feeling near-stagflation conditions.

“Near stagflation conditions for some vulnerable, already weak industries. But stronger ones are more insulated,” Ricafort said.

His comment followed President Marcos Jr.’s statement that potential stagflation is among the concerns keeping the government “awake at night” as officials try to contain prices of basic goods and keep the economy running.

Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said the country is still not in stagflation, although the risks are rising.

“There are potential stagflation risks, but we’re not yet there,” Ravelas said at the weekly Pandesal Forum in Quezon City on Wednesday.

He said unemployment remains below its long-term average, while the economy continues to post positive growth despite the slowdown.

“If we talk about the average unemployment rate in the Philippines since the 1960s, it’s 7.5 percent. Right now, our numbers are between 5 percent and 5.3 percent,” Ravelas said.

Inflation, however, remains a major threat. Ravelas said consumer prices could climb to 8 percent to 9 percent toward the end of the year, with households likely to feel the sharpest impact from higher fuel, food, and transport costs.

He said the stagflation concern recalls the oil shocks of the 1970s, when energy disruptions pushed prices sharply higher while economic activity weakened.

Ravelas said the more immediate challenge is reviving spending, particularly government spending, to keep growth from losing further momentum.

He said the economy is still feeling the effects of last year’s flood-control scandal, which disrupted public works and slowed disbursements, while the inflationary impact of the US-Iran conflict has added pressure.

Restraining spending now, he said, would be like “shooting ourselves on our foot” because it would further weaken recovery.

“We need to be able to work on improving consumption,” Ravelas said.

He also said the government must convince the public that it is acting decisively to stabilize prices.

“When it comes to fighting inflation, we need to show our countrymen, from a government perspective, that prices are stable. That would be a good opportunity so that they will believe the government is doing something,” he said.

Ravelas noted the country should also invest in upskilling workers to improve employment prospects.

Given the inflation pressure, he said the Bangko Sentral ng Pilipinas is likely to take a defensive policy stance and raise interest rates by 50 to 75 basis points, although it must balance inflation control with the need to support growth.

A separate report from the De La Salle University Carlos L. Tiu School of Economics said inflation is being driven mainly by fuel, as higher energy costs feed into transport, logistics, and production.

“Fuel costs have more than doubled since the war began, pushing inflation sharply higher from May through August 2026. We expect inflation to peak at around 8 percent in August,” economists Jesus Felipe, Mariel Monica Sauler, Gerome Vedeja, political scientist Susan Kurdli, and research assistant Seth Paolo Paden said in the school’s May economic report.

They said the disruption in the Strait of Hormuz has also cut off roughly a third of global fertilizer supply, keeping inflation elevated through the end of 2026.

By early 2027, the report said, energy and fertilizer pressures are expected to ease, with inflation likely to return to the BSP’s 2 percent to 4 percent target band by April 2027 and settle at around 2.8 percent in 2028.

The DLSU economists said the current inflation surge is a supply shock caused by war-related disruptions in global energy and food markets, making interest rate increases an imperfect response.

“Higher interest rates will neither bring oil prices down nor reopen the Strait of Hormuz. What they will do is make borrowing more expensive, slow investment, and constrict household spending,” they said.

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 state of stagflation this year? How are you dealing with the higher costs of living nowadays?

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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NLCOM Assists Several Fire Victims In Parañaque City

May 25, 2026May 21, 2026carlocarrasco

New Life Community Care Foundation International, Inc. (NLCOM) – the compassion arm of New Life Philippines located inside Alabang Hills Village in Muntinlupa City – provided assistance and relief to several people in Parañaque City who lost their homes and belongings to fire. In fact, there were two different communities in the city that got hit by fire.

To put things in perspective, posted below is the entire May 20 social media announcement by NLCOM. Some parts in boldface…

Over 1,000 families were left homeless when fire hit Target Range 2 Dela Rama st. last May 1 and San Antonio Village on May 6 both of which are located in Parañaque City.

But in the midst of tragedy, kindness continues to shine. Last Thursday, NLCOM reached out to about 800 of these fire-affected families through a relief operation filled with care, prayer, and support.

Through the generosity of our donors and volunteers, families received essential goods and encouragement during this difficult time. More than the relief packs distributed, our prayer is that each family felt seen, supported, and reminded that they are not alone.

Seeing the hope and strength in their eyes filled our hearts with gratitude and renewed purpose. Thank you to everyone who helped make this outreach possible. Please continue to keep the affected families in your prayers as they rebuild their homes and lives.

For the newcomers reading this, I previously blogged about NLCOM back in 2020 which you can read by clicking here and my recent blog posts can viewed by clicking here, here, here, here and here. NLCOM has an established record of providing relief to disaster victims and helping them rebuild their lives and communities as they recover.

NLCOM is committed to organizing activities from disaster preparedness trainings, relief goods distribution, mobile kitchen feeding operations, Psychological First Aid to kids and adults traumatized by a disaster, and rebuilding of damaged houses. To get to know NLCOM better, I recommend you watch their official YouTube video below…

If you have decided to help people through NLCOM, be aware that New Life’s compassion arm is accepting donations. You may send your monetary donations to:

NEW LIFE COMMUNITY CARE FOUNDATION INT’L. INC.

PESO CHECKING ACCOUNT:

Unionbank (Richville Branch)

00-133000543-3

US DOLLAR ACCOUNT:

Unionbank (Richville Branch)

13-133000530-7

Swift Code: ubpphphmm

Via PAYPAL:

For more information about NLCOM, visit https://nlcom.org.ph/ or visit their office at 2 Don Manolo Boulevard, Alabang Hills Village, Barangay Cupang, Muntinlupa City, Metro Manila, Philippines. Contact them at landline 88091542 extension 426.

In ending post, let me share with you a few holy scriptures that should remind you that God is our source, our provider and the blessedness of giving is absolutely true. Be remind that Lord Jesus is the hope of all nations.

Mercy to the needy is a loan to God, and God pays back those loans in full.

Proverbs 19:17 (MSG)

Let nothing be done through selfish ambition or conceit, but in lowliness of mind let each esteem others better than himself. Let each of you look out not only for his own interests, but also for the interests of others.

Philippians 2:3-4 (NKJV)

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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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Economy Of Japan Grows 2.1% In 1st Quarter Of 2026

May 24, 2026May 19, 2026carlocarrasco

Thanks to the recovery in exports and private consumption, the economy of Japan grew by 2.1% in the first quarter this year, according to a Kyodo News report. Still, there will be challenges ahead for the Japanese economy as the nation is still dependent on the Middle East for its crude oil needs and there is the possibility that the Islamic terrorist regime of Iran could start a new series of conflicts in the said region.

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

Japan’s economy grew an annualized real 2.1 percent in the January-March period, marking the second straight quarterly expansion, led by a recovery in exports and private consumption, government data showed Tuesday, with the full impact of the Middle East conflict yet to be felt.

In the first quarter of 2026, gross domestic product adjusted for inflation increased 0.5 percent from the October-December period, the Cabinet Office said in its preliminary report, beating market expectations. GDP is the total value of goods and services produced in a country.

Economists polled by the Japan Center for Economic Research had forecast an annualized real expansion of 1.56 percent while expecting growth to slow to 0.45 percent in the April-June quarter, amid concern that the Middle East crisis and surging crude oil prices will weigh on corporate profits and consumer spending.

In the January-March period, private consumption, which accounts for more than half of the economy, grew 0.3 percent, rising for the fifth straight quarter, helped by strong demand for clothing and a boost in spending at restaurants, an official said.

Spending was also underpinned by state subsidies for gas and electricity bills and solid wage growth, as rising earnings saw companies move to attract and retain talent, economists said.

But with data showing a rapid deterioration in consumer sentiment due to the Middle East conflict, its impact on private consumption warrants close attention, another government official said.

In the January-March period, exports rose 1.7 percent from the October-December quarter on a recovery in auto shipments bound for the U.S. market and strong demand for machinery and electrical devices for industrial purposes. Imports edged up 0.5 percent.

Economists said shipments to the world’s largest economy have been recovering due to receding uncertainty over U.S. tariff policy following a bilateral deal struck last year.

Business investment rose 0.3 percent from the previous quarter, with increased expenditure for research and development on the back of robust corporate profits and for general-purpose machinery and electric lighting fixtures, the first official said.

She said the impact on the data of the Middle East conflict, triggered by U.S.-Israeli attacks on Iran that began in late February, was unclear.

Prolonged tensions in the Middle East could affect imports of crude oil and petroleum products such as naphtha and hit exports bound for the region, economists said.

GDP was dampened 0.1 percentage point by a reduction in private inventories, apparently due to the government’s decision to release oil from stockpiles, starting with those held by the private sector.

Japan’s heavy reliance on oil imports from the Middle East makes the country vulnerable to the effective closure of the Strait of Hormuz, a key shipping artery, with surging oil prices feared to drive up inflation.

Prime Minister Sanae Takaichi said Monday the government will consider compiling a supplementary budget for fiscal 2026 to ease the impact of elevated crude oil prices.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the economy of Japan can still maintain its growth rate in the 2^nd quarter? Do you think Japan will soon import oil from other parts of the world to reduce its dependence on the Middle East? Do you think Japan’s ties with Trump-led America will open new windows that will help Japanese exporters a lot?

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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