blogger – Page 15 – Author Carlo Carrasco

What to watch on YouTube right now – Part 108

November 5, 2025October 30, 2025carlocarrasco

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 Jim Shooter Remembered – I am a long-time comic book reader and I can say out loud that modern day superhero comics are NOT worth pursuing anymore. So many woke activists, LGBTQ activists and rabid feminists have entered the comic book industry and they made superhero comics worse. That being said, what happened in recent years in superhero comics only made me revisit not only the comics of previous decades but also focus on the late Jim Shooter (1951-2025) who has a legacy of great creativity as well as big involvement on the business side of comic book publishing. He was the editor-in-chief of Marvel Comics for almost a decade. I recently saw this particular YouTube video about Shooter’s prediction of the industry collapsing and I can say it is very compelling to watch. Go watch the video below.

#2 The Matrix Resurrections Revisited – When The Matrix Resurrections was released in 2021, I never bothered to watch it at all. To be clear, I saw the first three Matrix movies a long time ago and when it was announced that a sequel would actually be made, I was never interested nor intrigued. As such, I checked the movie through varied videos on YouTube and posted below are references that should interest you even if you are not a Matrix fan. By the way, when was the last time you saw Keanu Reeves and Carrie-Anne Moss together?

#3 Where To Have Burger Steak In Japan – When you think about Japan as your next destination as a traveler, do you think about having very meaty meals there? Recently, Japanese Food Noodles posted a video about five Japanese food joints that serve burger steaks and side dishes to customers. In the video below, you can find out what those food joints are and you can enjoy watching how the food is prepared.

#4 Greta Thunberg Hilariously Mocked – Greta Thunberg, the climate change zealot and active partner-in-crime of Palestinian terrorist group Hamas, was hilariously mocked in an Israeli satire program. As it is a fact that Thunberg and her woke activist pals attempted (for a 2^nd time) to reach Gaza WITHOUT ANY HUMANITARIAN AID at all, it is clear that they did it to generate buzz on social media and on the corrupt mainstream news media while serving Hamas. As such, the satire of Thunberg and her woke pals is a smart move and well-timed. Watch the Sky News Australia video below.

#5 Police Academy Revisited – What could be said about the 1984 comedy Police Academy? Apart from being a hilarious film, it was one of those very low-budget movies that struck gold with moviegoers grossing almost $150 million worldwide. To this day, Police Academy continues to entertain YouTubers and film buffs who were born after the movie was released. There are also some notable details about how the film was made, who made it in the cast and why it still is significant. Watch the selected videos below…

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

I Love Israel: Israel Exploring Opportunities Of Cooperation With The Philippines On Tourism, Cybersecurity And More

November 5, 2025October 28, 2025carlocarrasco

During an important discussion with the Manila Bulletin, Israeli Ambassador to the Philippine Dana Kursh stated that the Jewish state and the Philippines are exploring opportunities of cooperation over important topics such as tourism, cybersecurity, trade and direct flights, the newspaper reported.

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

The Philippines and Israel are exploring “more avenues of cooperation”—including a possible free trade agreement, direct flights between the two countries, and cybersecurity agreements—that will improve the “bond” that has been going strong since World War II, Israel Ambassador to Manila Dana Kursh said on Monday, Oct. 27.

In an exclusive roundtable discussion with The Manila Bulletin, the envoy underscored the importance that Israel puts in the Philippines, citing high-level visits of its ministers for foreign relations, economy, and tourism, as well as its deputy foreign minister.

“That shows that the Israeli government thinks very highly of the Philippines because it is working top down—our Prime Minister said look east and he specifically said also the Philippines and our ministers are coming here to explore more avenues of cooperation,” she said.

“So, this is one time that it relies on the past and it looks at the present and if we are looking at the future there are two things that are important,” she added.

The first, Kursh shared, is the possible free trade agreement (FTA) between the two countries, of which discussions on building the mechanisms have already started in July.

“So, hopefully, there will be a free trade agreement. We are now just finalizing things so, we initially started in July and when it’s done, the potential of bond between the two nations will become even more,” she pointed out.

PH, Israel eye revival of direct flights – Another important component of this relationship is the establishment of direct flights.

Noting the big potential of tourism between the two countries, the ambassador lamented the travel advisory currently raised in Israel by the Philippine government.

“We have to move aside is a travel advisory. I know that tourists are still coming despite the travel advisory, but we need to overcome this challenge and God willing, now with the voices, with the wind of peace from our region, I do hope that the DFA will decide, together with other ministries, will decide to lift this,” she said.

Travel Alert Level 2 is currently raised in Israel, which reminds Filipinos to avoid non-essential travel to the country. This includes, among others, tourism visits, pilgrimages, temporary stays with relatives and friends, volunteer work, sports events, entertainment, and similar activities.

After going past that hurdle, Kursh said the two countries can start discussion two possible options for direct flights, with one options having only direct flights on a certain amount of days a week.

The envoy added they have already met with the country’s flag carrier Philippine Airlines on how the direct flights will benefit the company.

“I do hope that more and more Filipinos will come to Israel and vice versa more and more Israelis will come to more than 7,000 mini paradise that we have in the Philippines.”

“So if I’m trying to answer, I think that God willing, within the next year and a half, we’ll be able to reach some progress, or even, but I cannot commit, we cannot commit to what’s going on in Israel, and at the end of the day, because it’s a decision of the airlines, we need to find ways to create the best formula that will be a win-win,” she added.

According to Kursh, there are some 30,000 or 40,000 tourists on both sides, but the “potential is tremendous.”

Cybersecurity partnership – Pointing out Israel’s expertise in technology, Kursh also said that her country has “added value” when it comes to exchanging best practices on innovation and technology, including cybersecurity.

“So, it’s both business and both tourism, we need to provide in our nations, to other next generation, we need to provide them food security and we need to provide cybersecurity and we need to provide them with health, with mental health and physical health and in all those realms and more Israelis and Filipinos can work together to have a better future for everyone,” she added.

This newest development shows the continuing growth of Israel-Philippines ties and Ambassador Kush pointed out the high-level visits of ministers from the Jewish state. In my view, the Philippines and Israel can become greater partners than they are today. Apart from travel, Israelis and Filipinos can help each other out in business, cybersecurity, and trade. We all have to pray that the Philippines and Israel will work together more closely sooner than later.

To my fellow Filipinos reading this, I encourage you to accept the truth that Israel is the land God designated specifically for the Jewish people (read Genesis 35:10-12) and His command must be followed without hesitation. If you want to be blessed further by the Lord, do so by loving and blessing the Jewish people (Genesis 12:1-3). I did my part when I was in Israel. Also, let me remind you all that the ties between the Jews and Christians are truly biblical!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful, you should be aware that Christians are meant to stand united with Israel and love the Jewish people no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus!

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Muntinlupa City Prioritizes People Through Governance

November 4, 2025October 28, 2025carlocarrasco

The City Government of Muntinlupa made clear through its executive budget and goals that it is putting the people first, according to a news article by the Manila Standard.

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

In an era of cynicism toward government, Muntinlupa City is proving that good governance is still good politics.

Mayor Ruffy Biazon champions social justice through strong health and education spending — proving that clean, compassionate, and competent governance works.

As budget debates heat up nationwide, Muntinlupa City is standing tall for all the right reasons. Under the leadership of Biazon, the city has made human development, not grandstanding or prestige projects, its number one priority.

In the city’s P8.8-billion 2025 executive budget, a remarkable 22 percent is devoted to health and 18 percent to education, directing nearly P4 out of every P10 toward people-centered programs.

These figures far surpass national benchmarks where the 2025 General Appropriations Act (GAA) assigns around 16.7 percent to education and less than 6 percent to health.

Based on comparative data from the Department of Budget and Management and DILG, Muntinlupa consistently ranks among Metro Manila’s highly urbanized cities with the highest proportional investments in health and education, a reflection of the city’s deep commitment to human capital development.

In a time when the public is more watchful than ever about where every peso goes, Muntinlupa is setting the gold standard for purposeful and transparent spending.

“As we close the year, Muntinlupa can say with pride that our budget reflects our conscience,” said Biazon. “We chose people over politics, essentials over excess, and impact over impression.”

Through his 7K Agenda, Biazon has kept his focus sharp: Kalusugan (health) and Karunungan (education) lead the city’s spending priorities, backed by strong fiscal performance.

“A good budget is not about how much we spend, but how many lives we lift,” Biazon said. “That’s what makes governance both moral and meaningful.”

With 22 percent of the city’s budget directed to health, Muntinlupa is upgrading the Ospital ng Muntinlupa (OsMun), acquiring modern medical equipment, and strengthening drug supply systems. Investments are also flowing to barangay health centers and community-based health institutions to ensure access to preventive care and emergency response.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you feel important to the City Government? Are you happy with the way the City Government has prepared its executive budget?

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

I Love Israel: Philippines Is A Priority Market For Israel On Tourism

November 4, 2025October 28, 2025carlocarrasco

Following the end of the 2-year war in Gaza and the return of twenty living hostages connected with US President Donald Trump’s peace plan for Gaza and the Middle East, there is now a renewed optimism in Israel particularly on tourism and that includes efforts to revive the travel sector while providing foreigners new opportunities to visit the Holy Land. Israel made clear that it sees the Philippines as a priority market on tourism, according to a news article by the Philippine News Agency (PNA).

For the newcomers reading this, I myself had visited Israel on a pilgrimage tour with my local church in 2023. You can read some of my blog posts by clicking here, here, here, here, here and here. My faith in Lord Jesus is uncompromising and I will always stand in support of Israel and its people.

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

Israel sees the Philippines as a “priority” market in its efforts to revitalize its tourism sector, its tourism ministry said.

Intense promotions and trade engagement are underway in Asia following the “renewed travel optimism” seen after the Gaza ceasefire deal was signed this October, according to the Israel Ministry of Tourism (IMOT).

The agency, during its participation at the recent Internationale Tourismus Borse (ITB) Asia 2025 travel event in Singapore, underscored Israel’s intent to deepen ties across Asia’s high-growth travel markets and highlighted the destination’s “evolving identity that unites its heritage and modern leisure offerings.”

“The enthusiasm we’ve seen from Filipino travelers and partners at ITB Asia truly reflects how Israel remains a top bucket-list destination for many Filipinos,” Anna Oraiza Aban, marketing manager at IMOT’s Philippine office, said on Friday.

“With visa-free access for Philippine passport holders, we’re confident that more Filipinos will soon turn their dream trips into reality. The strong interest from the market and travel trade inspires us to continue developing experiences that connect deeply with Filipino travelers, whether through faith, culture, or adventure.“

In a briefer, IMOT said insights from ITB Asia 2025 will guide its regional strategy through 2026, with emphasis on joint marketing campaigns, airline collaborations, and education programs to build awareness and drive sustainable visitor growth in Asia.

Israel received 118,200 tourists in August, a 39 percent increase from July. Between January and August, it recorded 814,000 tourist arrivals, up from 672,400 in the same period last year.

“Asia has been a key market for Israel with India, Indonesia, the Philippines, China, and South Korea leading,” IMOT said.

“This steady rise shows Asia’s growing confidence and curiosity in Israel’s mix of culture, culinary, eco-conscious, wellness, and adventure travel experiences,” it added.

This newest development shows the continuing growth of Israel-Philippines ties and I am confident that new travel breakthroughs between Israel and the Philippines plus other nations in Asia will happen. That means better commercial and investment opportunities, and more people in Asia will be able to visit the Holy Land in Israel and witness the Holy Bible come to life during their visit. This also means more Asian travelers – the faithful and those who are still spiritually lost – will have golden opportunities to realize that Lord Jesus is the hope of all nations!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

Always be the fearless and aggressive church of Lord Jesus!

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BMI Sees Philippines GDP Growth Slowing Down To 5.2% In 2026

November 3, 2025October 25, 2025carlocarrasco

BMI, a unit of Fitch Solutions, officially lowered its 2026 gross domestic product (GDP) for the Philippines at 5.2% pointing a series of factors such as remittances slowdown, weaker investor sentiment, US tariffs on Philippine goods and the effects of the flood control corruption scandals, according to a Manila Bulletin news report.

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

Fitch Solutions’ unit BMI has sharply lowered its 2026 Philippine growth forecast to well below the government’s six- to seven-percent target, citing an expected slowdown in remittances, a weaker trade balance, muted investment sentiment, and downside risks to government spending stemming from the flood control fiasco.

“We expect remittance growth to slow due to tighter US [United States] immigration policy and a one-percent remittance tax on transfers from the US starting in 2026,” BMI said in a commentary published on Thursday, Oct. 23.

“A slowdown in remittances will weigh on domestic consumption, which will have an outsized impact on growth given the domestically driven economy,” BMI explained.

Against this backdrop, BMI has slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 5.2 percent, one-percentage-point (ppt) lower than the 6.2 percent it projected previously.

If realized, this would also fall below this year’s growth goal of 5.5 to 6.5 percent, and 2024’s actual pace of 5.7 percent.

Another policy by US President Donald Trump that could drag down the local economy is the 19-percent tariff on Philippine exports, but zero tariffs imposed on select American imports.

This US-Philippines trade setup, according to BMI, “will weigh on the trade balance in 2026.”

Goods exports growth in August was the slowest in 2025 as US tariffs took effect and exporters’ front-loading of outbound shipments ended.

The latest Philippine Statistics Authority (PSA) data showed that goods exports grew by 4.6 percent year-on-year in August, marking the slowest increase since the 1.9-percent decline in December 2024

BMI also believes investor sentiment will “likely” remain muted next year as “erratic US trade policies will weigh on global investor sentiment and limit foreign direct investment inflows [FDIs].”

Domestically, government spending could bear the impact of a scenario where the ongoing flood control probe leads to the unearthing of more corruption cases tied to infrastructure projects beyond flood control.

“It could lead to even tighter scrutiny on government spending and reduce spending substantially below fiscally programmed levels,” BMI said. Capital outlays had dropped by 10 percent to ₱112.9 billion as of August, according to the Department of Budget and Management (DBM).

Infrastructure spending is expected to hit ₱1.51 trillion in 2025, ₱1.56 trillion in 2026, ₱1.69 trillion in 2027, ₱1.9 trillion in 2028, ₱2.03 trillion in 2029, and ₱2.2 trillion in 2030.

Meanwhile, BMI retained its 5.4-percent Philippine growth forecast for this year, still below the lowered full-year target.

Let me end this post by asking you readers: What is your reaction to this development? Are you convinced that due to several internal and external factors, economic growth of the Philippines will be slower this year and next year? Do you agree with BMI’s findings about the Philippine economy?

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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BPI Warns Public About Rise Of Smishing Scams Ahead Of Christmas Season

November 2, 2025November 2, 2025carlocarrasco

With the Christmas season approaching, Bank of the Philippine Islands (BPI) warned the public about the rise of smishing as criminals have changed their strategies and used more sophisticated technology to steal people’s money, according to a Manila Bulletin news report.

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

Ayala-led Bank of the Philippine Islands (BPI) is cautioning clients about a sharp, pre-holiday surge in online banking fraud linked to smishing, noting that criminals’ tactics have evolved from simple text scams to using highly sophisticated tools to steal money.

“Consumer complaints are increasing… a lot of it is seasonal. During Christmas, when people receive their bonuses, these cases really go up,” Jon Paz, BPI enterprise information security officer and data protection officer, said during the bank’s cybersecurity roundtable with the media on Wednesday, Oct. 22.

Paz reported that around eight out of 10 online banking fraud cases last year were perpetrated through smishing attacks using International Mobile Subscriber Identity (IMSI) catchers and rogue apps.

He further noted that there were almost zero IMSI-catcher-related fraud cases in 2024, but incidents began appearing around December and skyrocketed by the second quarter of this year.

“Some of the authorities reported that those who were caught were reporting to Chinese nationals,” Paz added.

An IMSI catcher is a fake cell tower device used by scammers to intercept mobile signals and steal users’ personal and banking information.

Meanwhile, a rogue app is a malicious or fake mobile application that tricks users into granting permissions or entering credentials, allowing scammers to harvest personal and banking data.

Despite the increasing number of consumer complaints in the banking industry, Paz noted that BPI’s risk tolerance is “low—one incidence of fraud is one too many for us.”

While the bank cannot disclose its total allotment for app enhancements, BPI Chief Technology Officer Alex Seminiano stated that nearly 60 individuals are working across various functions—business, technology, and operations—to enhance the bank’s mobile app.

BPI said its mobile apps are equipped with an evolving security layer that can detect risky environments and devices, such as those that are jailbroken, use overlays, or allow side-loading, to prevent potential breaches.

Let me end this post by asking you readers: What is your reaction to this development? Are you concerned that smishing will affect members of your family or those in your local community? Were you scammed online during the past six months? How many people in your local community are aware of smishing right now? Did you receive any text messages that tried to convince you to hit the link provided?

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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Scam Calls In The Philippines Jumped 78.44% In 3rd Quarter Of 2025

November 1, 2025October 23, 2025carlocarrasco

If you are in the Philippines, did you receive any suspicious calls on the telephone or on your mobile phone lately? Based on the data of an anti-scam app developer, scam calls in the country surged by more than 78% in the 3^rd quarter of this year, according to a Manila Bulletin news report.

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

A 78.44 percent rise in scam calls was recorded in the Philippines in the third quarter of 2025, data from the latest Whoscall Scam Report of global anti-scam app developer Gogolook showed.

During the period, Whoscall said it logged a total of 62,390 scam calls, a sharp increase from 34,964 in the previous quarter.

Despite the spike, it noted that the figure remains 62.24 percent lower year-on-year than the 165,236 scam calls recorded in the same period in 2024.

Whoscall stated that it recorded 37,609 SMS scams, down by 42.17 percent from 65,035 in the previous quarter and a 97.71 percent year-on-year drop from 1,645,470 in 2024.

Gogolook Philippines Country Head and General Manager Mel Migriño said the trend indicates a behavioral shift among mobile users.

“Since the first quarter Scam Report of 2025, we have seen that Filipinos have become more cautious about clicking links from unknown numbers in SMS swindles. This shows that scammers are now shifting their tactics to calls and social media,” she said.

She explained that the rise in call scams is largely driven by fraudsters exploiting the telemarketing systems of financial institutions.

“They are taking advantage of legitimate promotional calls like credit card limit upgrades, making their scams sound more believable to unsuspecting consumers,” she noted.

Per Migriño, the continued decline in text-based scams can be credited to the “whole-of-society approach” involving law enforcement raids of major scam hubs nationwide and joint awareness campaigns.

Authorities urged the public to remain vigilant and report scam incidents through official channels.

Cybercrime Investigation and Coordinating Center (CICC) acting executive director Usec. Renato “Aboy” Paraiso said public reports are crucial in combating online fraud.

“We continue to urge the public to report scam incidents, as these serve as leads for further investigation and as the foundation for various initiatives that raise public awareness against online scams,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think is causing the surge of scam calls over the previous quarter?

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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Better than Streaming: I Now Have For Your Eyes Only On Blu-ray

October 31, 2025October 31, 2025carlocarrasco

Welcome back fellow geeks, Blu-ray collectors and movie buffs!

When it comes to the seven James Bond movies that the late Roger Moore starred in, 1981’s For Your Eyes Only is my favorite. To put things short, the said Agent 007 adventure film was more grounded with reality, revived certain espionage elements used in the Sean Connery Bond films of the early 1960s, focused more on the Cold War, delivered solidly with thrills, and was ultimately more character-driven with its storytelling.

*The movie poster of Fot Your Eyes Only. (photo source – IMDB.com)*

I should also state that For Your Eyes Only has a very solid cast with Carole Bouquet and Lynn-Holly Johnson as the Bond girls, the late Israeli actor Topol as Columbo, Julian Glover as Kristatos, and the late Cassandra Harris (first wife of James Bond star Pierce Brosnan) as Lisl.

In my experience, I never saw For Your Eyes Only in the cinemas. My first time viewing it was on a rented home video tape (Betamax). In the 1990s, by chance I replayed the movie on cable TV. I bought a DVD copy of the movie in 2009.

Very recently, I had my first-ever high-definition (HD) viewing of For Your Eyes Only on Blu-ray which is my latest purchase this year. I bought it for a little over $8 (delivery fee excluded) on Amazon.

*My Blu-ray copy of For Your Eyes Only. I bought it for a little over $8.*

*The rear of my Blu-ray copy of For Your Eyes Only.*

As of this writing, I replayed For Your Eyes Only in HD twice with my Blu-ray copy and I can say that I enjoyed the Moore-led Bond movie yet again. While the film is not exactly spectacular with regards to visuals as it was recorded, it looks better than ever in HD. Apart from the higher resolution, the movie is clearer and there are more tiny visual details spotted as I watched on Blu-ray. It was nice to see on HD the film’s key moments, character development scenes and, of course, the many action scenes and stunts performed.

With regards to the extra stuff, this Blu-ray contains the exact same content made available on For Your Eyes Only DVD that I bought 16 years ago. The on-screen options as well as the visual presentation were also the same.

I am really delighted with For Your Eyes Only on Blu-ray disc format and my recent purchase resulted in a tremendous value in return. I am glad to have this classic James Bond movie in my collection as the film itself is great and it is my favorite among the seven Agent 007 movies Roger Moore starred in.

*The Blu-ray disc of the 1981 James Bond movie.*

If you are a long-time James Bond or if you are a newcomer who wants to the see the very best of Roger Moore James Bond movies in HD, the Blu-ray disc is still available for ordering online and you only need to click here.

For me, the next step to enjoy For Your Eyes Only would be on 4K Blu-ray (standalone release). In conclusion, I posted below the official song of the movie by Sheena Easton.

If you wish to join a group of movie enthusiasts and talk about cinema, cinematic trends, Blu-ray releases and more relevant stuff, visit the Movie Fans Worldwide Facebook group at https://www.facebook.com/groups/322857711779576

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President Marcos Congratulates Japanese Prime Minister Takaichi

October 30, 2025October 28, 2025carlocarrasco

Shortly after Sanae Takaichi took office as Prime Minister of Japan, Philippine President Ferdinand “Bongbong” Marcos, Jr., recently congratulated her, according to a Manila Bulletin news report.

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

President Marcos has extended his congratulations to Japan’s newly-elected Prime Minister Takaichi Sanae, the first woman to assume the post.

“Congratulations to Prime Minister Takaichi Sanae on her historic election as Japan’s first female Prime Minister,” Marcos said in a statement on Wednesday, Oct. 22.

“Her assumption demonstrates Japan’s firm democratic advocacy, and reflects the country’s commitment to progress and representation,” the President added.

Marcos expressed his eagerness to work with Prime Minister Takaichi in strengthening the Philippines’ and Japan’s bilateral cooperation, especially as both countries prepare to mark the 70th anniversary of diplomatic relations in 2026.

“I look forward to working with her in commemorating the 70th Anniversary of Philippine-Japan diplomatic ties in 2026, and in deepening the Philippine-Japan Strengthened Strategic Partnership for the peace and prosperity of our peoples,” the President said.

Most recently, the Prime Minister met with President Marcos formally in Malaysia. For details, click here.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think bilateral ties between Japan and the Philippines will grow stronger now that President Marcos and Prime Minister Takaichi have officially met? Do you think Filipinos who intend to migrate to Japan have doubts about Prime Minister Takaichi knowing that she will be tough on illegal immigration?

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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Nomura Sees 2025 Philippine Economic Growth Slowing Down To 4.7%

October 30, 2025October 29, 2025carlocarrasco

In its latest economic report, Nomura Global Markets Research sees the economic growth of the Philippines slowing down to 4.7% this and they pointed to an expected decline in government spending, according to a news report by BusinessWorld.

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

PHILIPPINE ECONOMIC GROWTH may slow to 4.7% this year, as government spending is expected to further decline amid the corruption investigation in infrastructure projects, Nomura Global Markets Research said.

In a report dated Oct. 27, Nomura Chief ASEAN (Association of Southeast Asian Nations) Economist Euben Paracuelles and Macroeconomic Research Analyst Yiru Chen said the gross domestic product (GDP) forecast was slashed to 4.7% this year from 5.3% previously as downside risks increased due to the corruption scandal involving flood control projects.

“This pencils in GDP growth slowing to just 4% in the second half from 5.4% in the first half and is based on the assumption that the decline in government expenditures in September will worsen in the next 3-4 months,” they said.

Nomura’s latest forecast is below the government’s 5.5-6.5% GDP growth target for the year and is slower than the 5.7% growth in 2024.

“Taking into account the sharp drop in fiscal spending in September, we think the ‘bad scenario’ on the growth impact of the ongoing corruption scandal is materializing,” they said.

Third-quarter GDP data will be released on Nov. 7.

President Ferdinand R. Marcos, Jr. had flagged anomalous flood control projects during his State of the Nation Address in late July. This sparked several investigations into alleged corruption involving lawmakers, government officials, and private contractors.

Latest Treasury data showed government expenditures declined by 7.53% in September, worsening from the 0.7% drop in August, mainly due to lower spending by the Department of Public Works and Highways. Nomura also noted that government spending declined by 2.8% in the third quarter, a reversal of 1.6% growth in the second quarter.

“Excluding interest payments and debt servicing, expenditure growth slumped even more to -10.2% y-o-y (year on year) in September from -3.5% in August, the weakest since 2020. This suggests a relatively rapid deterioration in the pace of budget disbursements after President Marcos brought to light the corruption scandal of flood control projects,” they said.

Nomura also noted that the reallocation of funds to other types of capital expenditures such as school buildings has been “challenging” to implement.

“In addition, we incorporate some spillovers into other components of domestic demand, which were also evident in these previous episodes, including household consumption spending. Our forecast continues to take into account the impact of the US tariffs, which, as we have argued before, pose significant headwinds for goods exports,” they said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the GDP growth of the Philippines will end up below 5% for 2025 as a whole? Are you convinced that investigations and embarrassing details from flood control projects are turning away foreign investors already?

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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