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2024 FDI net inflow into Philippines reaches $8.93 billion

March 21, 2025March 12, 2025carlocarrasco

Foreign direct investments (FDI) that flowed into the Philippines reached $8.93 billion in 2024 which is a tiny improvement over the previous year, according to a BusinessWorld news report. The result was below the target for 2024 set by the Bangko Sentral ng Pilipinas (BSP).

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

NET INFLOWS of foreign direct investments (FDI) into the Philippines inched up by just 0.1% in 2024 but plunged in December to its lowest monthly tally in 11 years, amid uncertainty in global trade, data from the central bank showed.

Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed FDI net inflows edged higher to $8.93 billion in 2024 from $8.925 billion in 2023, ending two straight years of declining inflows.

The 2024 FDI tally was also the highest in two years but below the BSP’s forecast of $9 billion.

Investments in equity and investment fund shares rose by 13.1% to $2.7 billion in 2024 from $2.39 billion in 2023.

Net foreign investments in equity capital climbed by 42.4% to $1.54 billion last year from $1.08 billion in 2023. Placements increased by 4.3% to $2.17 billion, while withdrawals fell by 37.1% to $628 million.

BSP data showed these placements mainly came from Japan (38%), the United Kingdom (35%), the United States (10%), and Singapore (8%).

Investments were mostly channeled into manufacturing (68%), followed by real estate (12%), and information and communication (5%) industries.

Meanwhile, net investments in debt instruments stood at $6.23 billion, down by 4.7% from $6.53 billion in 2023. Reinvestment of earnings likewise declined by 11.2% to $1.17 billion from $1.31 billion.

DECEMBER SLUMP – In December alone, FDI net inflows plunged by 85.2% to $110 million from $743 million in the same month in 2023. Month on month, inflows likewise fell by 88% from $922 million.

December saw the lowest FDI net inflow in 11 years or since the $102.16 million recorded in December 2013.

“While nonresidents’ net equity capital investments rose, FDI declined due to increased debt repayments by resident corporations to their nonresident direct investors,” the BSP said.

The higher debt repayments brought net investments in debt instruments to an outflow of $19 million in December, a reversal of the $618-million inflow in the same month in 2023.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines can do more to attract more foreign direct investments this year? Do you think the FDI of 2024 will result in new businesses and new jobs all over the Philippines 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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New library center in Barangay BF International-CAA, Las Piñas City, inaugurated

March 20, 2025March 11, 2025carlocarrasco

Recently in the City of Las Piñas, a new library center located in Barangay BF International-CAA was inaugurated with the presence of Mayor Imelda Aguilar, Vice Mayor April Aguilar, Councilor Mark Santos and other officials, the City Government announced via social media.

To put things in perspective, posted below is an excerpt from the social media post of the City Government. Some parts in boldface…

The City of Las Piñas inaugurated the new two-storey CAA Library Center in BF International / CAA on Tuesday, March 4, as part of its commitment to improving educational resources for residents.

The new 68 square meter facility with air-conditioning, cabinets, and shelves, aims to provide a conducive space for learning and research.

Present at the inauguration were Mayor Imelda Aguilar, Vice Mayor April Aguilar, and City Councilor Mark Anthony Santos, who led the ceremonial ribbon-cutting and blessing of the facility. Local officials and community members gathered to witness the event, highlighting their support for the city’s education initiatives.

Mayor Aguilar emphasized that the CAA Library Center is part of the city’s continuous efforts to provide accessible learning spaces, ensuring that students and residents have the necessary resources to support their education.

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? Does your local community already have a library 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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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

GCash implements temporary measures to avoid vote-buying

March 20, 2025March 12, 2025carlocarrasco

With the 2025 National and Local elections all set to happen on May 12, the popular e-wallet service GCash recently implemented temporary measures to curb potential vote-buying, according to a GMA Network news report.

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

GCash has imposed a temporary daily transaction limit on “Express Send” and “Send via QR” to avoid vote-buying in the 2025 midterm elections.

In an advisory, GCash said the daily transaction limit will be implemented until May 12, 2025, the day of the elections. Normal transactions will resume the following day, May 13, 2025.

“Ang mga hakbang na ito ay para sa patas at ligtas na halalan. Sa pagpigil sa financial influence sa boto ng mga tao, masisigurong tunay na boses ng mamamayan ang resulta ng eleksyon,” GCash said.

“Babantayan ng GCash ang mga transactions para matiyak na hindi ito ginagamit sa ilegal na election activities,” it added.

(These steps are implemented to ensure fair and safe elections. By preventing financial influence on people’s votes, we can ensure that the election results truly reflect the people’s voice. GCash will monitor the transactions to ensure that money will not be used in illegal election activities.)

Once the daily limit is reached, GCash said its users can transact on the following day. GCash also said business users are included in the temporary restrictions.

“Any unusual transaction flow between accounts, digital banking and digital wallets, including unusual large cash withdrawals involving the amount exceeding P500,000, encashment of checks, during election period, which have no underlying legal/trade obligation, purpose or economic justification or the amount involved is not commensurate with the business or financial profile of the client, shall be considered suspicious transactions of vote buying and vote selling,” the Commission on Elections (Comelec) Resolution 11104 read.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think GCash made the right moves in relation to the upcoming national and local elections?

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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Japanese leisure services firm to invest P2.5 billion in the Philippines

March 19, 2025March 11, 2025carlocarrasco

Koshidaka Holdings, a leisure services firm based in Japan, will be investing P2.5 billion in the Philippines and plans to launch its first store this year, according to a Philippine News Agency (PNA) news article. This development is related with the Department of Trade and Industry’s (DTI) recent meetings with corporations in Japan. Kodaka Holdings has more than six hundred outlets in Japan and the Philippines is a key part of its planned expansion in Southeast Asia.

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

Japanese leisure services firm Koshidaka Holdings Co. Ltd. will be investing PHP2.5 billion in the country, with its first store set to open this year, Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque said.

In a virtual briefing Tuesday, Roque said Koshidaka is aggressive on its plans to expand in the country to bring its karaoke business and onsen-style (hot spring) spas as well as opening women’s fitness studios in Philippine malls.

The Japanese firm is scouting for 30 locations to establish its business here before growing to 100 sites nationwide.

Koshidaka is one of the 13 firms and business organizations that Roque met during her recent visit in Tokyo as a follow-through of the agency’s investment missions in Japan.

These firms include Nidec Corp., Ibiden Co., Ltd., Etoile Kaito & Co., Inc, Adastria Co., Ltd., Sumitomo, Fujifilm Holdings Corp., Chodai Co., Ltd. Taiheiyo Cement Corp., Fast Retailing, JR East, and Koshidaka Holdings Co., Ltd as well Keizai Doyukai and Keidanren.

“We also check on their plans, what their plans are in our country for expansion and also for growth,” Roque said.

Earlier, Koshidaka announced that it would establish a Philippine subsidiary to offer a new style of karaoke entertainment.

Koshidaka said its expansion in the Philippines is a key initiative in its Southeast Asia growth strategy, with the country’s large market and economic development.

“Aside from the entertainment, they also want to open a gym that’s really just focused on women all over the country, and they also want to focus on creating Japanese onsen in the malls or in different areas that are of interest to them,” Roque said.

“So they’re actually coming first quarter this year to really explore the different locations where they can open.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you find Koshidaka Holdings’ karaoke and onsen-style spas interesting? Have you tried any of Koshidaka Holdings’ businesses in Japan before?

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 evacuation center in Barangay Zapote, Las Piñas City, inaugurated

March 18, 2025March 23, 2025carlocarrasco

Recently in the City of Las Piñas, a new evacuation center in Barangay Zapote was inaugurated with the presence of Mayor Imelda Aguilar and other officials, the City Government announced via social media.

To put things in perspective, posted below is an excerpt from the social media post of the City Government. Some parts in boldface…

The City of Las Piñas formally inaugurated the newly constructed Santos Homes Evacuation Facility on Saturday, March 1 at the Santos Village III Covered Court in Zapote. The facility aims to provide a safe and secure shelter for residents during emergencies and calamities.

The evacuation center is equipped with essential amenities, including restrooms, wash areas, and designated spaces for evacuees to accommodate displaced families during typhoons, floods, and other disasters.

Present at the blessing and ribbon-cutting ceremony were Mayor Mel Aguilar, Vice Mayor April Aguilar, and City Councilor Mark Anthony Santos, together with other local officials and community leaders.

Mayor Mel highlighted the importance of the evacuation center in ensuring the well-being of Las Piñeros, especially during natural disasters.

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? Is there a new evacuation center being constructed 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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Economist says election-related spending won’t add much to nation’s economic growth this time

March 18, 2025March 18, 2025carlocarrasco

As far as one economist is concerned, spending related to this year’s national and local elections (scheduled for May 12, 2025) will not add much to the nation’s economic growth this year, according to a Manila Bulletin news report.

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

Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May.

Luis Dumlao, associate professor and senior research fellow at the university’s economic research arm, Ateneo Eagle Watch, forecasted that there won’t be any “extraordinary GDP [gross domestic product] spike” due to election-related activities during the first half of this year.

During Ateneo Eagle Watch’s 2025 economic briefing last Thursday, March 6, Dumlao projected that annual GDP growth could potentially accelerate from 5.6 percent in 2024 to 5.9 percent in 2025.

If Dumlao’s forecast proves accurate, it would mark the third consecutive year that economic growth falls short of the government’s target, following a peak of 7.6 percent in 2022—the year of the last presidential election, which President Ferdinand Marcos Jr. won.

The Marcos administration targets growth of six to eight percent for 2025.

In the past, elections—even midterm polls—bolstered the economy. GDP grew by 6.1 percent in 2019 and 6.8 percent in 2013 due to midterm election-related spending.

In 2016, when former President Rodrigo Duterte won the presidency, economic growth reached 7.1 percent. Back in 2010, when former President Benigno Aquino III was voted to the top position in the land, GDP expanded by 7.3 percent.

Despite his below-expectations GDP growth estimate for this year, Dumlao also projected that annual inflation would average 2.4 percent, falling within the Bangko Sentral ng Pilipinas’ (BSP) two- to four-percent target range for manageable price increases.

His headline inflation forecast for 2025 is lower than the 3.2 percent in 2024. As of end-February, inflation averaged 2.5 percent, mainly due to rice deflation or declining prices of the Filipino food staple.

With the election campaign season rolling in, Dumlao noted that the practice of politicians giving away dole-outs or “ayuda” may no longer be as feasible.

While such spending was effective as a band-aid solution during the Covid-19 pandemic, when there was a greater need for financial support to sectors badly hit by the health and socioeconomic crises it wrought, Dumlao emphasized that “there’s no excuse” for continuing such expenditures post-pandemic.

“Ayuda was excused during the pandemic… However, for some reason, the government’s expenditure [on dole-outs] grew” even after the pandemic.

“There’s still [ayuda] spending as if it’s still the pandemic,” he said.

As elections gradually lose their hefty contribution to economic output, Dumlao urged the government to focus on key industries that would foster long-term growth.

“The economic drivers right now are accommodation like hotels, retail, trade, and construction. Business process outsourcing (BPO), too. Those are the fastest-growing subsectors,” he said.

Dumlao also suggested a further push for privatization of certain infrastructures and utilities.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you still think that election-related spending can still add a lot to the growth of the national economy this year? Do you think further privatization by the government will prove to be more crucial and helpful to enhancing economic growth? Did you notice how the local politicians and election candidate have been giving away assistance or ayuda to local communities recently?

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

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What to watch on YouTube right now – Part 63

March 17, 2025March 10, 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 topics and the related videos I found.

#1 US President Trump’s address to Congress – Recently, US President Donald Trump addressed the joint houses of Congress and it came at a time when his 2^nd non-consecutive term implemented so many reforms right from the start. Along the way, the Trump administration pushed back hard against illegal immigration, exposed the corruption of USAID, reinvigorated the USA-Israel alliance and more. Trump’s speech is a must-watch as it will give you a clear view on the direction of the current administration and the pathetic Democrats can only rebel and freak out. Clearly, America is back!

#2 Popcorn in Bed reacts to No Way Out – I never saw No Way Out in the cinemas when it was first released in 1987. I saw some parts of it on cable TV but decided not to watch it further since I missed the start of its showing. Recently, YouTuber Popcorn in Bed posted a reaction video about the film and I enjoyed watching how they (Cassie and Carly) reacted to several key moments of it. Oh yes, the late Gene Hackman is in No Way Out and the reaction video was posted not so long after his death.

#3 Varied developments and views about Trump’s address to US Congress – Going back to US President Trump’s address to Congress, there were lots of developments that happened along the way. One of the Democrats was so disrespectful, he got escorted out of the venue. Meanwhile, the Satanic Left mainstream news media networks ended up getting embarrassed as their own viewers reacted positively to Trump’s speech. Posted below are the must-see videos.

#4 AVGN reviews the Gex game trilogy – Remember long ago when there were several Gex videos games released across multiple platforms during the 1990s? Gex is no longer remembered by most gamers today but the first game was successful enough, it led to the release of sequels. Recently, the Angry Video Game Nerd (AVG) posted a video about the Gex video games. Check it out.

#5 The rise and fall of the Halo game franchise – If there is any video game franchise that truly defined Xbox – not only as a brand but as a series of consoles and an ecosystem for gamers – it is definitely the Halo franchise. Bungie was the original developer of Halo and the first game was already in development even before Microsoft acquired the studio. Bungie went on to produce several Halo games (from the original Xbox to Xbox 360) before leaving Team Xbox and Microsoft. Of course, the aesthetics and quality of Halo games under Microsoft’s own control changed mostly for the worse. Watch and learn from the video below.

#6 The French Connection trivia by Minty Comedic Arts – Going back to the late Gene Hackman, the most memorable of his cinematic performances that I ever saw is his role as Popeye Doyle in The French Connection. The 1971 film won the Academy Awards that mattered the most and I was fortunate enough to have seen it on a rented laserdisc in the early 1990s. Recently, YouTuber Minty Comedic Arts posted his trivia video about The French Connection which is a must-see!

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Over 600 residents of Barangay Pamplona Tres fed by Las Piñas City Auxiliary Feeding Program

March 17, 2025March 23, 2025carlocarrasco

Recently in the City of Las Piñas, more than six hundred residents – mostly children – of Barangay Pamplona Tres were served with food and drinks when the Auxiliary Feeding Program was held in their local community, the City Government announced via social media. Vice Mayor April Aguilar attended the program.

To put things in perspective, posted below is an excerpt from the social media post of the City Government. Some parts in boldface…

The City of Las Piñas held an Auxiliary Feeding Program on Wednesday, February 26, at the Hernandez Compound in Pamplona Tres, benefiting more than 600 residents, particularly children.

Participants received nutritious “Creamy Veggie Macaroni Soup” and bottled water, prepared by nutritionist-dietitians and barangay nutrition scholars. The program aims to promote proper nutrition and support the health of young residents.

Vice Mayor April Aguilar joined the event, alongside Las Piñas City Nutrition Office OIC Dr. Julio P. Javier II, and barangay nutrition workers who helped facilitate the feeding program.

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? Has the City Government’s Auxiliary Feeding Program been held in your local community recently?

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 tourism revenue for January 2025 exceeds P65 billion

March 16, 2025March 6, 2025carlocarrasco

Based on the tourism revenue counted for the month of January 2025, Philippines tourism is off to a strong start with more than P65 billion, according to a Philippine News Agency (PNA) news article.

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

The Philippines earned USD1.1 billion or PHP65.3 billion tourism revenues in January 2025, exceeding pre-pandemic levels in 2019, the Department of Tourism (DOT) said Thursday.

Data as of Feb. 28 showed that the earnings came from various activities, products, and services related to tourism, 136.1 percent higher than the USD821 million or 151.46 percent higher than the PHP43 billion recorded in January 2019.

“The recovery of Philippine tourism from the period of the pandemic in terms of revenues translates to thousands of jobs created for Filipinos, providing livelihood opportunities for many, especially in our rural and underserved areas,” Tourism Secretary Christina Garcia-Frasco said in a news release.

The country’s tourism income grew by 71.4 percent in terms of US dollars, compared to the USD652,255,773.51 recorded in January 2024.

Philippine peso revenues also soared by 78.81 percent from PHP36,508,238,043 in January 2024.

Frasco reported the Philippines achieved an all-time high tourism revenue of approximately PHP760 billion in 2024.

The DOT recorded the Philippines’ tourism revenues based on Visitor Sample Surveys, records from the previous arrival/departure cards, shipping manifests, and the current eTravel system.

A total of 1,167,908 foreign travelers visited the country in the first two months of 2025. Data as of March 1 showed that about 25.31 percent of the visitors came from South Korea.

South Korea has been the country’s top source of tourists since 2023, which is expected to boost further with the appointment of South Korean star Seo In-Guk as “celebrity tourism ambassador for the Philippines” last month.

While the P65.3 billion tourism revenue for January 2025 looks great for the Philippines, it remains to be seen if it could maintain the pace until the end of the year. In order to match the record P760.5 billion tourism revenue of 2024, the Philippines needs to attract P63.375 billion per month this year. If Philippine tourism can achieve P65 billion per month, that would translate to P780 billion by the end of the year.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be able to gross more than P760.5 billion in tourism revenue this year? Has your local government unit (LGU) been active in promoting local tourism?

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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Foreign fugitive arrested by immigration operatives in Parañaque City

March 15, 2025March 5, 2025carlocarrasco

Recently in Parañaque City, elements of the Bureau of Immigration (BI) arrested a South Korean fugitive who has been hiding in the country for more than two years already, according to a GMA Network news report. The fugitive is wanted in South Korea for telecommunication fraud.

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

A South Korean fugitive wanted in his country for his alleged involvement in telecommunications fraud was arrested in Parañaque City.

Operatives of the Bureau of Immigration (BI) nabbed Park Seungeon, 24, along Bradco Avenue on February 27. He is now under BI custody and is detained at the warden facility in Camp Bagong Diwa, where he will remain pending deportation proceedings.

“He is also an overstaying alien as he had hidden in the country for more than two years to evade arrest and prosecution for his crimes,” BI Commissioner Joel Anthony Viado said in a news release.

According to the BI, an Interpol red notice was issued against Park over a year ago after a warrant of arrest was issued against him by the Incheon district court in Seoul where he was indicted for fraud.

Korean authorities said that Park is a member of a telecom fraud syndicate who allegedly offered false low-interest debt consolidation loan to a victim from whom he fraudulent obtained and embezzled money amounting to more than 20.1 million won, or roughly US$14,000.

A check of his travel records showed that Park arrived in the Philippines as a tourist on August 2022 and has not departed since then.

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 foreign fugitives hiding within 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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