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BSP Eyes Late-2026 Relaunch Of Coin Deposit Machines

July 14, 2026July 7, 2026carlocarrasco

Remember the many coin deposit machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP) installed in key locations in the Philippines? The BSP is aiming to relaunch the coin deposit machines program before the end of this year, according to a news article by the Philippine News Agency (PNA).

It is recalled that almost P1.5 billion worth of coins were deposited before the BSP suspended their program in June of 2025.

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

The Bangko Sentral ng Pilipinas (BSP) is aiming to relaunch the operation of coin deposit machines (CoDMs) in Metro Manila before the end of the year.

In a recent media luncheon, BSP Deputy Governor Bernadette Romulo-Puyat told reporters the BSP is targeting the initial relaunch of the existing 25 CoDMs for the last week of October to early November 2026.

“This timeline takes into account the required software enhancements, modifications to the enclosure and hardware components, as well as the calibration, accuracy testing, and end-to-end testing of the existing CoDM units prior to deployment,” Romulo-Puyat said.

CoDMs allow customers to conveniently deposit legal tender coins and directly credit the equivalent amount to their GCash electronic wallets.

To recall, the BSP temporarily suspended the operation of CoDMs last year to review how to re-circulate idle coins.

Following the review, the BSP will relaunch the coin deposit machines as part of its commitment to enhancing its coin recirculation program.

Romulo-Puyat said the BSP partnered with SM to lower the operational costs of the CoDMs.

“The coin retrieval was so expensive, so we found ways for the private sector to be able to bear the cost,” she said.

Aside from the 25 CoDMs earlier deployed in Metro Manila, another 25 will be deployed in other areas next year.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Supreme Court’s decision on the law about VAT refund for foreign tourists? Apart from the VAT refund for foreign tourists, what problems that plagued the Philippine tourism industry should the government solve this year?

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

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

Vietnam Collects Over $9 Billion From Foreign Tourists In First Half Of 2026

July 13, 2026July 6, 2026carlocarrasco

Following its current success on attracting tourists from around the world during the first half of this year, Vietnam raked in $9 billion in the said period, according to a news report by VnExpress.

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

Vietnam collected more than US$9 billion from foreign visitors in the first six months, while Vietnamese spent $8 billion abroad in the same period.

The country recorded a tourism trade surplus of $950 million, compared with a surplus of $480 million in 2025 and a deficit of $380 million in 2024, according to the General Statistics Office.

Vietnam’s Party General Secretary and President To Lam, in a meeting with government bodies on Saturday, called for a more detailed analysis of the country’s services trade balance and urged the development of a strategy to rebalance Vietnam’s tourism sector in the coming years.

He said achieving a larger tourism surplus would require upgrading the industry so that international visitors spend more during their stays, while encouraging more Vietnamese travelers to choose domestic destinations.

The country welcomed nearly 12.3 million international visitors in the first six months, up 14.9% year-on-year.

Minister of Culture, Sports and Tourism Lam Thi Phuong Thanh said the government would continue efforts to develop tourism into a genuine key economic sector.

She said the mutually supportive relationship between tourism and related industries should be strengthened, with the sector shifting from a growth model focused on scale and visitor numbers to one emphasizing quality, higher value-added services, creative products, and distinctive travel experiences.

Vietnam’s tourism industry will also target higher-spending visitors and longer-stay travelers, she added.

Let me end this piece by asking you readers: What is your reaction to this development? With tourism booming in their country, do you think Vietnam can collect at least $20 billion from foreign tourists by the end of this year?

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

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Philippines Supreme Court Upholds Law Granting VAT Refund To Foreign Tourists

July 12, 2026July 6, 2026carlocarrasco

Remember the law granting value-added tax refund (VAT refund) to foreign tourists signed a few years ago? That law was challenged and recently the Supreme Court of the Philippines upheld the constitutionality of Republic Act 12079 (the act creating a VAT refund mechanism for non-resident tourists), according to a news report by GMA News.

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

The Supreme Court (SC) has upheld the constitutionality of a law that grants value-added tax (VAT) refunds on select local purchases by non-resident foreign tourists.

In a 30-page decision, the SC En Banc dismissed a petition challenging the validity of Republic Act 12079, or an act creating a VAT refund mechanism for non-resident tourists, adding Section 112-A to the National Internal Revenue Code.

“Granting VAT refund to foreign tourists was not arbitrarily done. It is a policy decision based on legitimate state interests, i.e. the need to remain competitive as a global tourist destination,” the SC said.

“In fine, foreign tourists may be granted privileges and benefits that are not extended to Filipino citizens, so as long as these distinctions are based on reasonable and justifiable classifications, as in here,” it added.

According to the SC, the VAT refund applies to goods brought from duly accredited stores and taken out of the country within 60 days from purchase. The goods must be priced at least P3,000 per transaction.

Meanwhile, the SC said Section 5 of the law’s implementing rules and regulations limit the refund to retail and tangible goods, including clothing, apparel, electronics, gadgets, jewelry, accessories, souvenirs, food or non-food consumables, and other items intended for personal use.

The petitioner, however, argued that the law violates the constitutional guarantee of equal protection as it excludes Filipino citizens.

For its part, the SC said equal protection does not require identical treatment for all persons.

It said the act also distinguishes foreign tourists from Filipino citizens.

According to the SC, the VAT refund system follows the basic rule of VAT that goods are taxed where they are consumed. If the goods are consumed in the Philippines, they remain subject to Philippine VAT.

Meanwhile, the SC added that VAT refund for foreign tourists is a well-established international practice.

“The Philippines is among the last few countries in Asia to adopt such a system. Our Asian neighbors, Indonesia, Malaysia, Singapore, Thailand, Vietnam, China, and Japan have long implemented this VAT refund mechanism for foreign tourists,” it said.

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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Vietnam Attracts 12.3 Million Foreign Tourists In 1st Half Of 2026

July 10, 2026July 4, 2026carlocarrasco

Tourism in Vietnam continues to boom as the nation attracted more than twelve million foreign tourists in the first half of this year, according to a news report by VnExpress.

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

Vietnam received 12.3 million international visitors in the first six months of the year, a 14.9% increase from the same period last year, fueled by the country’s reputation as a safe destination amid global geopolitical uncertainty.

In the second quarter alone, the number of foreign visitors to Vietnam reached 5.49 million, up 18.2% year-on-year, according to the General Statistics Office.

Mainland China remained the largest source of visitors so far this year with 2.69 million, followed by South Korea with 2.1 million. The rest of the top 10 were Russia, Taiwan, the U.S., Cambodia, India, Japan, the Phillippines and Australia.

The Vietnam National Administration of Tourism attributed the strong growth to the country’s reputation as a safe and stable destination amid global political uncertainty.

Let me end this piece by asking you readers: What is your reaction to this development? What do you think makes Vietnam very attractive to visitors from around the world? Have you thought about visiting Vietnam soon?

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 To Raise Foreigners’ Residency Fees Significantly

July 9, 2026July 3, 2026carlocarrasco

In a clear attempt to cover the administrative costs resulting from the sharp increase of foreign residents in their country, Japan intends to raise foreigners’ residency fees significantly this year, according to a news article by Jiji Press.

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

Japan announced a draft cabinet order Friday to raise the fees for permission to change temporary residence status and extend the period of stay to up to 75,000 yen from the current 6,000 yen.

The new fees will range from 10,000 to 75,000 yen, varying depending on the length of the period, according to the draft, released by the Immigration Services Agency. The fee to obtain permanent resident status will jump to 200,000 yen from 10,000 yen.

The agency hopes to put the fee hikes into effect in October after a public comment period from Friday.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the planned hike of foreigners’ residency fees are justified and timely? Do you think the plan will deter Third World countries from sending their citizens to Japan as immigrants or as migrant workers? Do you think the hike of foreigners’ residency fees will take effect this October?

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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Foreigner Arrested In Las Piñas City For Assaulting Filipina Partner

July 9, 2026July 3, 2026carlocarrasco

Recently in the City of Las Piñas, a male Korean national was apprehended after assaulting his Filipina partner, according to a news report by the Manila Bulletin.

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

A Korean man was arrested in Las Piñas City on Wednesday, July 2, after allegedly assaulting his Filipina partner during an argument sparked by a video discovered on his mobile phone.

Las Piñas Police chief Col. Fermin Armendarez identified the suspect only as “Sowi,” 39, residing in BF Resort, Barangay Talon Dos.

Armendarez said the 24-year-old victim confronted the suspect after discovering a video on his mobile phone showing him with another woman inside a hotel.

The confrontation escalated into a heated argument, during which the enraged suspect repeatedly slapped the victim.

Police said the victim attempted to flee, but the suspect allegedly chased her and repeatedly struck her on the head with his mobile phone.

Concerned residents who witnessed the incident immediately sought assistance from barangay watchmen who arrested the suspect. He was turned over to the Las Piñas Police Substation 4.

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? When was the last time a foreigner assaulted a woman 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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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

Great Majority Of Las Piñas City Residents Support Dismantling Of C-5 Quirino Flyover To Make Way For LRT-1 Cavite Extension

July 8, 2026July 3, 2026carlocarrasco

A survey conducted by the office Las Piñas City Representative Mark Santos revealed more than eighty percent of local residents favor the dismantling of the C-5 Quirino Flyover to make way for the delayed LRT-1 Cavite Extension project, according to a news report by the Manila Standard.

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

Nearly 82 percent of Las Piñas residents support dismantling the C-5 Quirino Flyover to allow immediate continuation of the LRT-1 Cavite Extension Project, a survey conducted by the office of Las Piñas Lone District Rep. Mark Anthony Santos showed.

Santos said the survey, which gathered comments from various social media platforms, found that many residents favor immediate construction of Phase 2 of the 3.2-kilometer LRT-1 Cavite Extension, including the Las Piñas and Zapote stations, over retaining the P300.39-million C-5 Quirino Flyover.

Respondents said the LRT-1 Cavite Extension would provide greater public benefit by reducing travel time, easing traffic congestion and delivering more efficient public transportation for commuters from Las Piñas, Parañaque and Cavite.

Many residents said the temporary inconvenience caused by dismantling part of the flyover would be a small sacrifice if it allowed the railway project to move forward and deliver long-term benefits to the public.

They said completing the LRT-1 Cavite Extension matters more than preserving an infrastructure project they consider a major obstacle to the railway’s completion.

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? Do you favor dismantling the C-5 Quirino Flyover to make way for the completion of the LRT-1 Cavite Extension project?

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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Chinese Fugitives And One Other Arrested In Parañaque City

July 7, 2026July 3, 2026carlocarrasco

Recently in the City of Parañaque, the Bureau of Immigration (BI) arrested three Chinese nationals – two fugitives and one overstaying individual – according to the announcement by the authorities.

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

In line with the directive of President Ferdinand R. Marcos Jr. to intensify the country’s campaign against transnational crime and prevent the Philippines from becoming a haven for foreign fugitives, the Bureau of Immigration (BI) arrested two Chinese nationals wanted in their home country for fraud and illegal gambling operations, and apprehended another Chinese national found to be overstaying during the same enforcement operations.

Immigration Commissioner Joel Anthony Viado identified the fugitives as Jiang Yin, 31, and Li Chuang, 34, who were separately arrested by operatives of the BI’s Fugitive Search Unit (FSU) on the evening of June 16 in Parañaque City.

The operations were conducted in coordination with Chinese authorities that provided intelligence information about their crimes.

During the operation against Li, agents also encountered another Chinese national identified as Wang Weixin, 32, whose immigration records showed that he had overstayed in the Philippines and was the subject of an active Hold Departure Order.

According to the Bureau, both Jiang and Li are wanted by Chinese police for allegedly participating in large-scale fraud and illegally operating online gambling activities through the “Qianneng Wallet” application.

Investigators in China alleged that the application was operated by a syndicate, which recruited Chinese nationals to facilitate illegal online gambling.

Authorities further identified the two fugitives as key members of two illegal gambling syndicates, where they allegedly served as supervisors and markers who extended gambling credit and facilitated betting activities.

Immigration records likewise showed that Jiang entered the Philippines in 2019 as a temporary visitor but failed to maintain a valid immigration status, rendering him an overstaying alien. Meanwhile, verification confirmed that Li was already the subject of existing Bureau blacklist and watchlist orders as an undesirable alien and fugitive from justice.

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 frustrated with the presence of Chinese criminals in the city? Do you think of crime and Chinese nationals whenever you hear the words Parañaque Renaissance? Do you think there could be thousands more illegal aliens living in Parañaque?

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

BPI Customers Can Withdraw And Deposit Cash At Grocery, Convenience Stores And Other Commercial Joints

July 7, 2026July 2, 2026carlocarrasco

Customers of Bank of the Philippine Islands (BPI) are able to withdraw and deposit cash at grocery, convenience stores and other commercial joints thanks to the a newly launched campaign between the bank and over a thousand partner stores, according to a news report by GMA News.

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

The Bank of the Philippine Islands (BPI) on Wednesday launched its “Himala” campaign, allowing customers to withdraw and deposit cash at 1,369 partner stores, including grocery and convenience stores.

The service effectively turns participating outlets into “mini BPI branches,” enabling customers to complete cash transactions without visiting a physical bank branch.

The partner network includes Robinsons Retail Holdings Inc. (RRHI) stores such as Robinsons Easymart, Robinsons Supermarket, Shopwise, The Marketplace, Robinsons Department Store, Toys “R” Us, and Uncle John’s.

The service is also available at non-RRHI outlets, including Amesco, Fitmart GenSan, CVM Pawnshop, Falcor Marketing, Prince Retail, Prince Warehouse, Rodamel Drugstore, Savers Depot, Tacurong Fit Mart Inc., and Tambunting Pawnshop.

Customers can generate a barcode through the BPI app for cash deposits and withdrawals, then present it at any participating store for processing. They may also send the barcode to another person, who can use it to deposit or withdraw cash at a partner outlet.

Customers may deposit or withdraw a minimum of P100 through the partner network. Deposits are limited to P10,000 per barcode and P50,000 per day, while withdrawals are capped at P10,000.

Select services, including account opening and applications for BPI products, are also available through the bank’s network of 8,000 retail partners, which includes pharmacies and gas stations nationwide.

According to BPI Agency Banking head Rally Jereza, the Ayala-led lender is in talks to onboard more partner stores, with the goal of expanding the network to 10,000 outlets within the year.

“For now, I’m satisfied with 8,000 because we want to encourage people to use [the service]. But in terms of expanding, with existing BPI clients, corporate clients… it’s easy to expand. Right now, we just want to be able to maximize all of those footprints,” he said.

Jereza said the initiative also supports BPI’s “May BPI Dito” campaign, which aims to make the bank’s services available in as many locations as possible.

“What began in 2023 as product application points has evolved into a fully integrated banking ecosystem. Every phase—from enabling transactions on tablets to barcode withdrawals and now barcode deposits—was built to ensure safety, simplicity, and trust,” he said.

“This is not just expansion; it is a redefinition of what a bank can be in the digital age,” he added.

BPI said it has onboarded more than one million new-to-bank customers through its agency banking network and aims to increase the figure to 10 million.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a BPI customer, have you experience the convenience of doing important transactions at the grocery or at the convenience store lately?

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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Excavation Site Collapse In Las Piñas City Claims Two Lives And Injures One

July 5, 2026June 29, 2026carlocarrasco

Recently in Las Piñas City, an excavation site collapse in Barangay Pamplona Dos resulted in the deaths of two construction workers while injuring one other, according to a Manila Bulletin news report. The excavation was done as part of a Maynilad project.

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

Two construction workers were killed and another injured after an excavation site for a Maynilad project collapsed on Sunday afternoon, June 28, in Las Piñas City.

Las Piñas Police Assistant Chief of Operations Lt. Col. Teoson Rosarito reported that the incident occurred at around 2:52 p.m. at the corner of Aquarius and Libra Streets in Pamplona Park Subdivision, Barangay Pamplona Dos.

Initial investigation revealed that five workers were conducting excavation for a Maynilad pump station when the concrete shaft at the lower portion of the 18-meter-deep site suddenly gave way, trapping several workers. Three were buried under soil and debris, while two managed to escape.

Rescue teams from the Las Piñas City Disaster Risk Reduction and Management Office (CDRRMO) and the Bureau of Fire Protection immediately launched retrieval operations.

One trapped worker was rescued and rushed to Christ the King Hospital with serious injuries. The two others were recovered lifeless from the site.

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? Was there an excavation done at your local community for a Maynilad project?

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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