Asia – Page 8 – Author Carlo Carrasco

Parañaque City Scam Hub Busted, 48 Arrested

April 23, 2026April 20, 2026carlocarrasco

Recently in the City of Parañaque, the National Bureau of Investigation (NBI) busted an online scam hub, arrested forty-eight individuals and recovered pieces of evidence, 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…

The National Bureau of Investigation (NBI) on Monday announced the arrest of 48 individuals allegedly involved in an online scam hub in Parañaque City.

In a statement, the bureau said it received information about a group engaged in illegal schemes such as “love scams,” “pig butchering,” and cryptocurrency investment fraud.

“Love scams” involve fraudsters building fake online relationships to gain victims’ trust before requesting urgent money for fabricated emergencies.

“Pig butchering” scams involve long-term grooming of victims who are then lured into fake cryptocurrency investments that show false profits before funds are stolen.

Cryptocurrency investment scams involve the use of fake trading platforms that promise high returns, display fabricated gains, and later block withdrawals or demand additional fees.

After validating the information, the NBI secured a Warrant to Search, Seize, and Examine Computer Data (WSSECD) and carried out an operation.

Agents recovered pre-written scripts containing step-by-step guides used to engage and deceive victims.

The NBI said the suspects used “deceptive representations and emotional manipulation” to gain victims’ trust and induce them to send money.

Of those arrested, 41 were Filipino women and seven were foreign nationals.

The suspects were presented for inquest proceedings for alleged computer-related fraud under the Cybercrime Prevention Act of 2012 and the Anti-Financial Account Scamming Act (AFASA).

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be a lot more scam hubs still operating secretly in the city? Which part of Parañaque do you think could be hot spots of scam hubs? Who do you think founded and managed the scam hub?

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

What To Watch On YouTube Right Now – Part 134

April 22, 2026April 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 Resident Evil: Apocalypse Reviews, Retrospective And Reaction Videos – After watching the 2002 live-action Resident Evil movie, I left the cinema feeling unsatisfied as it did not have much related to the popular video game series. That film succeeded enough to justify the production of the sequel Resident Evil: Apocalypse, and the first reveal of Sienna Guillory as Jill Valentine (based on her appearance in Resident Evil 3: Nemesis) caught my attention. The reveal of Raccoon City getting hit by the zombie apocalypse and the casting of Oded Fehr as Carlos Oliviera (another RE3 character) interested me. In September 2004, I saw Resident Evil: Apocalypse on opening day in the local cinema and I was entertained for the most part. The Milla Jovovich-led film was indeed flawed, but it was an enjoyable improvement over its 2002 predecessor. How Resident Evil: Apocalypse fares with the YouTubers is something you must see.

#2 The Planned California City That Failed – Have you ever heard of Salton City? It was a planned city in the state of California located along the Salton Sea. It was designed as a resort community capable of supporting forty thousand residents, and it was to have the complete systems of water, roads, sewer and energy. Salton City is a ghost town and the in-depth YouTube video I found will help you realize its history and why development failed.

#3 Star Wars: Shadows Of The Empire Game Revisited – Back in the mid-1990s, George Lucas’ entertainment group launched the Star Wars: Shadows of the Empire multi-media project which told what happened between the movies The Empire Strike Back and Return of the Jedi. The said project was huge even though there was no live action Star Wars movie involved. A Star Wars: Shadows of the Empire novel was released which became the foundation of a comic book adaptation (read my retro reviews here and here), a video game, toys, action figures and merchandise. The video game of Shadows of the Empire was a joint project between LucasArts and Nintendo and its release on Nintendo 64 drew a lot of attention back then. The game itself made gamers – both Star Wars fans and casual gamers – want to get an N64 to play the game. I recently found two in-depth retrospective videos about Star Wars: Shadows of the Empire on N64 and I encourage you all to watch them.

#4 The Embarrassing Woke NDP Of Canada – Have you ever heard about the New Democratic Party? Referred to as NDP for short, New Democratic Party is a very leftist and woke political party in Canada and it had a really bad result in the 2025 federal election. Recently, the NDP had its leadership election and what happened in late March saw a series of awkward and embarrassing moments during their big event. In the videos below, you will see why political correctness, identity politics and wokeness are bad to have, and they made the internal processes of the NDP hard to pull off. In fact, diversity and inclusion zealotry have caused divisions within the NDP’s convention. What happened was funny to watch and it was not a comedy at all.

#5 Elderly Japanese Women And Their Beloved Restaurants – In Japan, many Japanese people live really long lives. Among them are elderly people who are active and managed to make an impact on others. That said, there are two elderly Japanese women who excelled in cooking meals and managing restaurants, and what they offer will impress you. I urge you all to watch the Nippon TV feature below.

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Woman Arrested In Parañaque City For Abusing Child

April 22, 2026April 16, 2026carlocarrasco

Recently in the City of Parañaque, local police officers armed with a warrant arrested a 42-year-old woman over child abuse charges, according to a news report by The Daily Tribune.

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

A female suspect facing child abuse charges was arrested by police authorities during a warrant operation in Barangay San Isidro in Parañaque City on Wednesday evening.

The accused, identified as alias Ferdilyn, 42, was apprehended at around 8:30 p.m. at her residence in Manggahan II, Lower Matatdo.

The arrest was the result of an intensified effort to track down individuals with outstanding warrants for crimes against children.

The accused was taken into custody by virtue of a warrant of arrest for violation of Section 10(A) of Republic Act 7610, also known as the Special Protection of Children Against Abuse, Exploitation and Discrimination Act.

The warrant, docketed under Criminal Case No. 2026-0071, carried a recommended bail of P80,000 and was issued on 15 April 2026 by Judge Ma. Christina De Pio Lim of the Parañaque City Regional Trial Court Branch 260.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more child abusers who have yet to be apprehended? Is child abuse a serious problem in your local community?

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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Japan Revises Arms Export Limits To Enable Weapons Sales

April 22, 2026April 21, 2026carlocarrasco

In a serious bid to strengthen its defense industry and boost security cooperation with partner nations, the government of Japan officially revised the limits on defense equipment exports, according to a news report by Kyodo News. This means enabling the sales of weapons overseas.

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

The Japanese government revised limits on defense equipment exports Tuesday to enable the sale of weapons overseas, as it seeks to boost security cooperation with partner countries.

The changes, approved by the Cabinet and the National Security Council, come as the government of Prime Minister Sanae Takaichi, a national security hawk, aims to strengthen the country’s defense industry amid what the administration has called Japan’s most severe security environment since the end of World War II.

The revisions to the “three principles on transfer of defense equipment and technology” and their implementation guidelines scrap rules that limit exports to five noncombat categories — rescue, transport, warning, surveillance and minesweeping.

While the revisions in principle prohibit the export of arms to countries where conflict is taking place, they do allow for exceptions “in special circumstances” that take into consideration Japan’s security needs and U.S. military operations in the Indo-Pacific region.

Defense equipment would be divided into “weapons” and “non-weapons” categories, based on whether they have lethal capability.

Exports of non-weapons such as warning and control radar systems face no restrictions, while those of weapons including destroyers and missiles are limited to countries that have signed agreements with Japan on protecting classified information related to defense equipment and technology.

The changes, which state that parliament will only be notified of weapon exports after government approval, are likely to draw criticism from opposition parties. They have argued parliament should give prior approval to avoid Japan becoming involved in exacerbating conflicts or fueling arms races.

The National Security Council will examine and decide whether to approve weapon exports. The next-generation fighter jet being developed with Britain and Italy will be an exception requiring Cabinet approval.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the government of Japan made the right move in line with the intention to strengthen its defense industry while boosting security cooperation with its partner nations? Do you think this development will enhance security and stability in the Indo-Pacific region? How do you think Communist China and North Korea will react to Japan’s move? Do you think member nations of the Association of Southeast Asian Nations (ASEAN) will be among the first to buy weapons from 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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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

Temporary Reduced Fees And Support For Port Clients Confirmed By SBMA

April 21, 2026April 16, 2026carlocarrasco

In response to the spiked fuel prices and other economic uncertainties, the Subic Bay Metropolitan Authority (SBMA) announced that it will temporarily offer reduced fees and provide financial support to its port clients.

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

The Subic Bay Metropolitan Authority (SBMA) has temporarily taken measures to provide port clients with the much-needed financial support, amid the ongoing rise in fuel costs in the global market.

SBMA Chairman and Administrator Eduardo Jose L. Aliño explained that this is in line with President Ferdinand R. Marcos Jr.’s Executive Order No. 110, which immediately placed the entire country in a state of national energy emergency due to geopolitical tensions in the Middle East.

Aliño added that such temporary measures aim to provide aid to industries affected by the Middle East crisis by ensuring that cost-stabilizing strategies for the transport and food sectors are implemented without delay.

“These initiatives, including reduced fees and extended free storage, provide a fiscal cushion to reinforce investor confidence and prevent supply chain bottlenecks,” said Aliño.

He also cited that key industry participants namely, importers, suppliers, consignees, vessel owners, and consumers, will experience the impact of these measures through their respective counterparts – terminal operators, cargo handlers, brokers, consolidators, processors, ship agents, and shipping lines, resulting in a cascading effect throughout the supply chain.

As part of this initiative, the SBMA will implement a five percent tariff reduction on all commercial vessels, including harbor fees, berthing fees/ anchorage fees, and harbor cleaning fees, as well as a five percent tariff reduction on cargo charges including wharfage fees, and storage fees.

“We will also implement a five percent tariff reduction on SBMA shares such as pilotage fee, hauling services, tugboat services, heavy equipment rental, line handling services, chandling services, water tendering, cargo handling for containerized cargo, and bunkering services,” he added.

Additionally, the SBMA is also offering free storage for non-containerized cargo, and free storage period for an additional 2-day extension.

To further aid port clients, the SBMA will temporarily suspend the collection of shares from terminal operators/cargo handlers for liquid bulk cargo handling and related activities; the implementation of the one percent admission fee for liquid bulk; and the implementation of the ten percent increase on cargo handling and miscellaneous charges of non-containerized/ general cargoes.

Chairman Aliño assured port stakeholders that these measures shall take effect immediately upon its approval and ratification by the SBMA Board of Directors, adding that these will remain in force until geopolitical tensions subside, at which point they shall be lifted via a formal issuance following Board approval.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think this new move by the SBMA will be sufficient enough for the port clients and keep economic activity in the freeport growing? Do you think the SBMA will have to further intensify its tourism activities to attract more high-spending tourists to bounce back from a potential economic downturn?

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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New Visas For Foreign Restaurant Workers Suspended By Japanese Government

April 21, 2026April 16, 2026carlocarrasco

Foreigners who planned to work in Japan’s restaurant sector will have to wait further or search for other new opportunities as the government of Japan officially suspended visas for foreign restaurant workers, 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 Japanese government is no longer issuing visas for foreign specified skilled workers in the restaurant sector as the quota of 50,000 has nearly been reached — the first restriction of its kind since the current limit was set.

The Immigration Services Agency of Japan suspended issuing certificates of eligibility for Type I Specified Skilled Worker visa applications received from Monday. The agency said that, according to preliminary data, the number of foreigners with Type I status working in the food service industry reached roughly 46,000 by the end of February.

It said that for applications received before Monday, certificates will be issued in order up to the quota limit.

In January 2026, the government decided to accept up to 805,700 individuals, expanded to 19 sectors, under the specified skilled worker program through March 2029, with the caps decided based on the degree of labor shortage in the respective fields.

“The food service industry was quicker to employ foreign skilled workers than in other sectors,” said an official at the Ministry of Agriculture, Forestry and Fisheries.

“However, there is room for debate as to whether efforts to secure domestic talent, a prerequisite of the system, are being carried out to the fullest extent,” said the official.

The Immigration Control and Refugee Recognition Act stipulates that the issuance of certificates of eligibility will be suspended if the number of foreign specified skilled workers is expected to exceed the quota.

The agency also said that, from Monday, requests from foreign skilled workers to switch to jobs in the food service industry are not being accepted in principle.

But technical interns who are already working in Japan and transitioning to a specified skilled worker visa in the sector will be given priority in the screening process, it said.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the suspension of visas for foreign restaurant workers will not be harmful to the Japanese restaurant owners/operators? Do you think labor shortage in Japan’s restaurant sector is bound to happen sooner than later?

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

US And Philippines Open Annual Joint Military Exercise, Several Allies Expected To Join In

April 21, 2026April 20, 2026carlocarrasco

The United States and the Philippines formally opened this year’s edition of Balikatan (Exercise Balikatan 41-2026) which is their annual joint military exercise focused on readiness, unity and defense, according to a news report by GMA News. Several allied nations and seventeen thousand troops are expected to participate in the exercise which will have military drills across various parts of the Philippines.

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

The Philippines and the United States on Monday formally opened their annual joint Balikatan Exercise for this year, with 17,000 troops and several other countries expected to join.

“I hereby declare Exercise Balikatan 41-2026 officially open starting today,” AFP chief General Romeo Brawner Jr. said during the opening ceremony.

“Let this exercise not only demonstrate our readiness but affirm our commitment to stand together, to act together, and when necessary, defend together,” he added.

More than 17,000 troops from the Philippines, the United States, and partner nations including Australia, Canada, France, Japan, and New Zealand. At least 18 more countries are expected to serve as observers in the exercise.

The drills will be conducted across various parts of the Philippines from Luzon to Mindanao.

Balikatan 2026 will cover multiple domains such as air and missile defense, maritime security, live-fire exercises, and joint readiness operations.

The exercises will also include humanitarian and civic assistance programs such as building schools, supporting healthcare initiatives, and enhancing disaster preparedness in local communities.

Brawner said the expanded scope of the exercise reflects the evolving security environment.

Balikatan 2026 will be transformed from a bilateral activity between the Philippines and US into a multilateral effort aimed at improving interoperability and collective defense capabilities.

Brawner pointed out that the drills are anchored on respect for international law, national sovereignty, and the goal of promoting a free and open Indo-Pacific.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think transforming this year’s Balilkatan from a bilateral US-Philippines activity into a multilateral effort makes sense? Considering the number of allies and soldiers expected to participate in the 2026 Balikatan, do you think Communist China will feel intimidated?

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

April 20, 2026April 16, 2026carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Philippines Falls In 2026 FDI Confidence Index

April 19, 2026April 15, 2026carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Slower Economic Growth And Higher Inflation For The Philippines

April 19, 2026April 15, 2026carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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