blogging – Page 146 – Author Carlo Carrasco

Planetshakers’ next worship event here in the Philippines set for February 23, 2024 in Cebu

December 14, 2023December 14, 2023carlocarrasco

To all my fellow Christians based here in the Philippines. The Lord is blessing the nation once again as Planetshakers will return with a new worship event scheduled for February 23, 2024 at SM Seaside Cebu Concert Grounds in the island of Cebu. As of this writing, those of you who seek the Lord’s blessing through Planetshakers should start booking tickets online via SM Tickets and that means you should have your respective SM Tickets online accounts logged-in and credit cards prepared. If you live outside of Cebu province, then you will have to travel there by airplane and find a place to stay.

To put things in perspective, posted below is the official description of the Planetshakers Cebu worship event. Some parts in boldface…

Planetshakers is so excited to visit CEBU in (February) 2024!

It has always been our desire and our pursuit to run after God with the intent of seeing His glory. Just as Moses would not go anywhere unless God’s presence accompanied him we have that same heart’s cry, and this year, people from all over Asia will be coming together with that same common passion.

Show me Your Glory.

We cannot wait to encounter Him and sit back in wonder at all the incredible things that will take place. It’s going to be awe-inspiring!

According to SM Tickets’ website, the VIP ticket is priced at P2,680 each followed by Platinum at P1,300 each, Gold at P656 each, and Silver at P356 each. For your reference, posted below is the worship event’s venue plan. To buy tickets, click https://smtickets.com/Planetshakers2024

In my experience, I can say I was very blessed by the Lord when I attended Planetshakers’ September 2022 event in Pasay City. I can also share with you that Planetshakers’ church co-founder and pastor Sam Evans is a true prayer powerhouse as she leads the prayer straight from her heart (filled with the Holy Spirit) and clearly leads people to come to Lord Jesus and have unwavering faith in Him. If you have time and the money to go to Cebu for Planetshakers, the Holy Spirit, Lord Jesus and God the Heavenly Father, then I encourage you do so. Attending the February 2024 worship event is not merely attending for great worship music alone…it is fellowship with the Lord. Seek the Lord through Planetshakers’ leading of worship.

If you want to discover and learn more about Planetshakers, I encourage you to click here (Facebook page), here (Instagram), here (Twitter) and here (YouTube). To know more about Planetshakers itself, visit https://www.planetshakers.com/

In ending this post, posted below are recent music videos of Planetshakers from their YouTube channel.

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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 at https://www.instagram.com/authorcarlocarrasco

New Life Community Care Foundation International, Inc. (NLCOM) provides relief and meals to Barangay Alabang fire victims

December 14, 2023December 11, 2023carlocarrasco

This past November in the City of Muntinlupa, a fire broke out in Barangay Alabang which affected ten households. Local firefighters were able to put out the fire and subsequently an evacuation center was set up for affected families and other victims.

New Life Community Care Foundation International, Inc. (NLCOM), the compassion arm of New Life Philippines located inside Alabang Hills Village, sent a team to the said evacuation center to support the victims in more ways than one. NLCOM is dedicated to responding to the immediate needs of communities that got hit by disasters and the organization has a track record for all to see.

To put things in perspective, posted below is an excerpt from the December 6, 2023 social media post of NLCOM. Some parts in boldface…

We extended a helping hand to the resilient families impacted by the fire that razed Barangay Alabang, Muntinlupa, and affected ten households.

NLCOM visited the evacuation center on November 11, delivering not just relief bags for the 25 affected families, but also a comforting meal of lunch and heartwarming ginatasang mais. As always, we stand strong in support and compassion to communities in need.

*NLCOM personnel with bags of relief goods for Barangay Alabang fire victims (photo source – NLCOM Facebook page)*

*NLCOM serving food to the victims. (photo source – NLCOM Facebook page)*

For the newcomers reading this, I previously blogged about NLCOM back in 2020 which you can read by clicking here. As mentioned earlier, NLCOM has a history of providing relief to disaster victims and helping them rebuild their lives and communities as they recover.

As their website states, the organization is committed to organizing activities from disaster preparedness trainings, relief goods distribution, mobile kitchen feeding operations, Psychological First Aid to kids and adults traumatized by a disaster, and rebuilding of damaged houses. You can learn more by watching NLCOM’s official YouTube video below…

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

NEW LIFE COMMUNITY CARE FOUNDATION INT’L. INC.

PESO CHECKING ACCOUNT:

Unionbank (Richville Branch)

00-133000543-3

US DOLLAR ACCOUNT:

Unionbank (Richville Branch)

13-133000530-7

Swift Code: ubpphphmm

Via PAYPAL:

https://www.paypal.com/paypalme/nlcomPH

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

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

And [God] Who provides seed for the sower and bread for eating will also provide and multiply your [resources for] sowing and increase the fruits of your righteousness [which manifests itself in active goodness, kindness, and charity].

Thus you will be enriched in all things and in every way, so that you can be generous, and [your generosity as it is] administered by us will bring forth thanksgiving to God.

2 Corinthians 9:10-11 (AMPC)

Those who live to bless others will have blessings heaped upon them, and the one who pours out his life to pour out blessings will be saturated with favor.

Proverbs 11:25 (TPT)

He who has pity on the poor lends to the Lord, and that which he has given He will repay to him.

Proverbs 19:17 (AMPC)

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

A Look Back at Armorines #6 (1994)

December 13, 2023December 6, 2023carlocarrasco

Disclaimer: This is my original work with details sourced from reading the comic book and doing personal research. Anyone who wants to use this article, in part or in whole, needs to secure first my permission and agree to cite me as the source and author. Let it be known that any unauthorized use of this article will constrain the author to pursue the remedies under R.A. No. 8293, the Revised Penal Code, and/or all applicable legal actions under the laws of the Philippines.

Welcome back superhero enthusiasts, 1990s culture enthusiasts and comic book collectors! Today we go back to the early 1990s and explore a part of the Valiant Comics shared universe through the Armorines monthly series.

During the said decade, Valiant Comics was notable for having crossovers that some readers found to be tightly executed in relation to continuity. The armored U.S. Marines (Armorines) and the powerful individual X-O Manowar have the spider aliens as a common enemy.

With those details laid down, here is a look back at Armorines #6, published in 1994 by Valiant Comics with a story written by Jorge Gonzalez and drawn by Jim Calafiore.

Early story

The story begins in space when the spider aliens (located inside a huge space ship) are organizing themselves to get back to their home world.

Meanwhile above the Earth, X-O Manowar significantly helps the Armorines with repairing their space shuttle. It turns out that they have been spending a long time in space and the crew has gotten exhausted after the big battle with the spider aliens. Going back home was their next objective.

Just as the crew prepares to return to Earth, the same huge space ship of the spider aliens suddenly approaches them…

Quality

Set after the crossover tale about the humans’ battle with the spider aliens in space, this tale served as a creative extension of those events utilizing space travel and sci-fi action concepts. The Armorines once again fight the spider aliens and X-O Manowar (a major Valiant character) gets heavily involved as he has a personal grudge against them. Without spoiling the plot, I can say that themes of freeing yourself from the enemy and getting back home are evident.

There is plenty of action to enjoy here and the sci-fi settings (including the interiors of the spider aliens ship) are nicely presented. I also like the fact that the tension gradually built-up as the story went on. Still, at this particular stage of this series, I could not help but feel that the Armorines have been in conflict with the spider aliens for too long.

Conclusion

*There is a lot of sci-fi action to enjoy here.*

Armorines #6 (1994) is a pretty good read but I was getting tired of seeing the Armorines remaining in conflict with the spider aliens. What added strong value to the comic book was the heavy involvement (and crossover) of X-O Manowar and his interactions with the Armorines was well executed. To be clear, the story was not conclusive and at this stage, I still am interested to see what would happen next. Here is hoping that the Armorines conflict with the spider aliens will improve somehow.

Overall, Armorines #6 (1994) is recommended.

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NEDA projects 2023 Philippine economic growth at 6%

December 13, 2023December 10, 2023carlocarrasco

As the 2023 is coming to an end, the National Economic and Development Authority (NEDA) expressed confidence that the economy of the Philippines will achieve 6% growth this year, according to a Philippine News Agency (PNA) news article.

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

The National Economic and Development Authority (NEDA) is positive the country will hit the low end of its economic growth target at 6 percent by the end of the year.

“For the year, ang expectation namin is we will hit the low end of the target. If not, close to it (our expectation is that we will hit the low end of the target. If not, close to it). The low end of the growth target is at 6 percent, so either a 6 or very close to that,” NEDA Undersecretary Rosemarie Edillon said at the Saturday News Forum in Quezon City.

The Philippine economy posted the strongest third-quarter growth of 5.9 percent among major Asian economies, bringing the gross domestic product (GDP) expansion for the first nine months of 2023 to 5.5 percent.

Vietnam recorded 5.3 percent, Indonesia and China 4.9 percent, and Malaysia 3.3 percent during the third quarter.

Looking at the Purchasing Manager’s Index (PMI) as one indicator, Edillon said she is optimistic the GDP forecast is achievable.

She also noted the October unemployment data, which fell to 4.2 percent from 4.5 percent during the same month last year.

“Nakita namin na maganda rin naman ang employment numbers natin at ‘yung PMI, nakita namin na mataas pa rin naman siya (We saw that the employment numbers and the PMI are high),” she said. “We are actually hopeful for the rest of the year but especially going forward.”

Edillon said they observed a rise in the number of jobs generated in accommodation establishments, restaurants, transportation, and the information technology – business process outsourcing fields.

She also pointed out the gradual recovery of sectors severely hit by the pandemic, especially the tourism industry, which already surpassed its targeted 4.8 million foreign visitors.

Before the pandemic, the tourism industry’s share in the country’s GDP was estimated at 12.7 percent.

Improved inflation

In the same forum, she took note of the improving inflation rate, which further eased to 4.1 percent in November from 4.9 percent in October.

Food inflation at the national level decelerated further to 5.8 percent in November 2023 from 7.1 percent the previous month.

“(M)agandang balita ito kasi, especially iyong mga food item na binabantayan natin — kunwari iyong pork meat, iyong sugar, iyong mga vegetables — bumaba po iyong presyo nitong mga ito (This is good news, especially with regard to the food items that we are monitoring – the prices of pork meat, sugar, and vegetable went down),” she said.

Edillon said the cost of rice still rose but this could be attributed to the slowdown in importation due to tightening supply in the world market.

“Iyong sa ibang mga bansa, nag-i-expect kasi sila ng impact ng El Niño. Pero ang tingin naman namin, dahil we think that they have been prepared for this so mukhang it will correct actually (Other countries are bracing for the impact of El Niño. But we think because they’re already prepared for it, it will be corrected eventually),” she said.

Still, she said she believes the price cap imposed by President Ferdinand R. Marcos Jr. in September contributed to the lower inflation rate.

Let me end this piece by asking you readers: What is your reaction to this recent development? Are you convinced that the Philippines will be able to achieve 5

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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Christmas tree at Las Piñas City Hall lighted

December 12, 2023December 8, 2023carlocarrasco

Recently in the City of Las Piñas, the City Government officially lighted the Christmas tree at City Hall which was attended by several people, according to a Philippine News Agency (PNA) article. The event marked the launch of their special program titled “Love Las Piñas Christmas.”

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

The festive spirit of the holiday season shone brightly in Las Piñas City as the local government, led by Mayor Imelda Aguilar and Vice Mayor April Aguilar, held its much-anticipated tree lighting ceremony, and the launch of “Love Las Piñas Christmas.”

The event, held on Thursday night at the City Hall Quadrangle, marked a significant moment for the city, symbolizing not only the joy of the season but also the unity and resilience of the Las Piñas community.

*City Government officials led by Mayor Imelda Aguilar (front row) and many others posed with the Christmas tree and decorations at City Hall (in the background). (photo source – Las Piñas PIO)*

The ceremony was attended by several city hall officials, alongside a large gathering of residents, all eager to partake in the festive cheer.

The mayor, in her address, emphasized the importance of unity and community spirit, especially during the festive season despite the recent pandemic.

The ceremony featured a spectacle of lights and music, beginning with a chorale performance from the students of the Dr. Filemon C. Aguilar Memorial College of Las Piñas and a duet performance from Las Piñas City’s Monterozo twins that showcased local talent, adding to the evening’s entertainment and festive atmosphere.

*The Christmas tree at City Hall. (photo source – Las Piñas PIO)*

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? Were you able to visit City Hall at night and see the Christmas tree and decorations around? Do you think Christmas in the city will be happier than last 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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Muntinlupa City Mayor congratulates local athletes and aspiring engineers for excellence

December 12, 2023December 9, 2023carlocarrasco

Recently in the City of Muntinlupa, local athletes and aspiring engineers who excelled in competitions and examinations were congratulated by Mayor Ruffy Biazon, 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…

Athletes and aspiring engineers from the City of Muntinlupa showed excellence again in various fields and contests, from the national civil engineers’ board exam to the University Athletics Association of the Philippines (UAAP) and competitions in the Asian level.

Mayor Ruffy Biazon congratulated the athletes and students for excelling in their various fields, saying “It is our hope that your success will continue to inspire and bring honor to our city.“

Among these achievements, the Colegio de Muntinlupa (CDM) logged a 75 percent passing rate in the recent Civil Engineer Licensure Examination by the Philippine Regulatory Commission (PRC), almost twice the national average passing rate of 33 percent.

Flix Mowry Cambahe, Kathleen De Guzman, Via Cris Echavez, Francisco Tan, Ericka Valdisimo, and Christian John Yabillo are the newly minted civil engineers from CDM.

In addition, the city has the honor of producing the latest UAAP Most Valuable Player, Karl Kevin Argana Quiambao of De La Salle University, who hails from Barangay Bayanan.

The city also recently added to its stable of elite athletes Aidanreed Mercado and Sophia Kyra Capistrano who captured gold in the Sprint Men Junior Elite and silver in the Junior Elite Women Category, respectively, in the recent 2023 Asia Triathlon Duathlon Championship.

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted with the recent achievements made by local athletes and students?

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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Philippine inflation eases to 4.1% in November 2023

December 11, 2023December 6, 2023carlocarrasco

Inflation here in the Philippines continued to drop and eventually landed at 4.1% for the month of November 2023 and there were several factors behind it, according to a Philippine News Agency (PNA) news report.

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

The country’s headline inflation further eased to 4.1 percent in November this year, the lowest recorded since the 4 percent in March 2022, the Philippine Statistics Authority (PSA) said.

In a briefing on Tuesday, National Statistician Dennis Mapa said the headline inflation last month was significantly lower than the 8 percent recorded in November last year and the 4.9 percent seen in October this year.

Core inflation, which excludes volatile oil and food items, also decelerated to 4.7 percent from 5.3 percent in October.

PSA data shows the downtrend was primarily brought about by the lower year-on-year growth rate of the heavily-weighted food and non-alcoholic beverages at 5.7 percent in November 2023 from 7 percent in October 2023.

Food inflation slowed to 5.8 percent, the lowest recorded since the 5.2 percent in May 2022.

This is due to the deflation in vegetables (-2 percent from 11.9 percent) and lower inflation of fish, meat, sugar, bread and other cereals, and fruits.

Also contributing to the downtrend in the overall inflation in November was the deflation in transportation (-0.8 percent from 1 percent) and slower inflation in restaurant and accommodation services (5.6 percent from 6.3 percent).

The restaurants and accommodation services index with a slower inflation rate of 5.6 percent in November from 6.3 percent in the previous month also contributed to the downtrend of the overall inflation.

Year-to-date, headline inflation was at 6.2 percent while core inflation settled at 6.8 percent.

Inflation in the National Capital Region (NCR) also slowed to 4.3 percent from 4.9 percent in October. For areas outside NCR, headline inflation decelerated to 4.1 percent in November from 4.9 percent the previous month. Inflation for the bottom 30 percent households also eased to 4.9 percent from 5.3 percent.

In a separate statement, the National Economic and Development Authority (NEDA) attributed the drop in inflation to the timely implementation of strategies to stabilize food supply amid the anticipated domestic and external headwinds in the coming months.

“With the right interventions in place, including the proper and timely deployment of trade policy, we are confident that we can effectively manage inflation and prevent unnecessary upticks in prices of goods and commodities to safeguard the purchasing power of Filipino families, especially those from the most vulnerable sectors,” NEDA Secretary Arsenio Balisacan said.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think inflation will ease further and go below 4% by January 2024? Does the easing of inflation make you more confident about your economic prospects for 2024?

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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Muntinlupa City Government opens Christmas bazaar at renovated Alabang Central Market (ACM)

December 11, 2023December 7, 2023carlocarrasco

Recently in the City of Muntinlupa, the City Government formally opened a Christmas bazaar at the renovated Alabang Central Market (ACM) and the bazaar will last until January 1, 2024, according to a Manila Bulletin news report. The bazaar’s operating schedule is 4PM to 10PM.

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

The Muntinlupa City government opened a Christmas bazaar at the renovated Alabang Central Market (ACM), giving shoppers more options this holiday season.

Mayor Ruffy Biazon presided over the reopening of the newly renovated Building B of the ACM and invited shoppers to enjoy the bazaar at the refurbished market.

The new building features 357 stalls for general merchandise, salon services, and dry goods. Building A, which was reopened earlier, is the wet section of the market.

The renovated ACM now has more updated service facilities such as individual power supply, air handling system,️ fire protection system, fire detection and alarm system, and rainwater collection system.

Let me end this piece by asking you readers: What do you think about this recent development? If you are a resident of Muntinlupa, are you delighted with this new Christmas bazaar located in the renovated ACM? Have you been to this specific bazaar recently? Do you consider Alabang the best place for Christmas bazaars in the entire south of Metro Manila?

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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Grand Theft Auto VI coming to Xbox Series X|S in 2025

December 8, 2023December 6, 2023carlocarrasco

It has been more than ten years since the day I first played Grand Theft Auto V (GTAV) on my Xbox 360 and that game was very in-depth and provided loads of fun gameplay. I replayed GTAV on Xbox One and most recently on my Xbox Series X console via Xbox Game Pass (XGP).

Recently, Rockstar Games released the official trailer of the much-awaited new game Grand Theft Auto VI (GTAVI or GTA6 for short) online ahead of schedule (note: someone shamelessly leaked the trailer which compelled the publisher to do an early launch) which attracted many millions of views from fans and gamers on varied platforms online. The new game will be released on Xbox Series X|S consoles sometime in the year 2025. To begin with, watch the official trailer below…

And below is a statement from Rockstar Games founder Sam Houser…

“Grand Theft Auto VI continues our efforts to push the limits of what’s possible in highly immersive, story-driven open-world experiences,” said Sam Houser, Founder of Rockstar Games. “We’re thrilled to be able to share this new vision with players everywhere.” (source – official press release)

*A view of a beach and the buildings of Vice City. Clearly the city is inspired by Miami in real-life.*

As expected, the GTA6 official trailer looks really impressive and I would not be surprised that the developers will make the gameplay experience more varied by means of implementing lots of features and play styles. The trailer even showed images of in-game social media which will most likely become a gameplay feature eventually as it will resonate with gamers who mostly spent a lot of years using social media accounts in real life.

In the press release, the fictional Vice City and the state of Leonida were explicitly mentioned. For the newcomers reading this, Vice City was the main setting in Grand Theft Auto: Vice City (2002) and the said city will be getting the modern game presentation and design similar to what happened to Liberty City in Grand Theft Auto IV, and Los Santos in GTAV. Vice City is clearly patterned after the real-life city of Miami in Florida and within the new game are lots of parties (lots of neon colors too), populated beaches, wildlife, desolate locations for exploring and groove-related activities.

*We will find out soon enough how detailed a populated in-game beach like this will turn out on Xbox Series X and Xbox Series S.*

*Interacting with the wildlife in the game’s more isolated environments could resonate nicely with those who played Red Dead Redemption 2 extensively.*

Expect Rockstar Games to make adjustments and refinements not only with the core gameplay but also with the way cops and criminals will react to each other. Lastly, it seems that the developers took inspiration from the real-life American crime couple Bonnie and Clyde for the in-game couple that was several times within the game trailer. That being said, the developers are not only staying away from the 3-protagonist formula of GTAV, they are also challenging themselves to create something new and even more compelling with the GTA6 couple for players to experience.

I am also interested to see how Rockstar will design the open-world environments this time. I have never been to Miami but I visited Orlando during my one and only trip to Florida. I noticed how different Florida’s physical surroundings were compared to other states in America I visited, and I noticed in the GTA6 trailer the more desolate locations filled with varied forms of vegetation were inspired by the said state. Oh yes, there were also images of alligators in the trailer which remind me of real-life Florida sightings of the creatures in populated places. I can only imagine how this will add variety to the gameplay and exploration in GTA6. Check out the news videos below…

Grand Theft Auto VI is still far from release and a lot could happen as the release date gets closer. Here is hoping that Rockstar Games will deliver a game that is not only great but also turn out to be truly worth the wait of over a decade. For the Xbox fans reading this, do you think the Xbox Series S version of GTA6 will turn out good? If you already have an Xbox Series S as well as extra money, would you be willing to upgrade by buying the Xbox Series X console for GTA6?

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World Bank sees strong economic growth for the Philippines this year and in 2024

December 7, 2023December 5, 2023carlocarrasco

Recently the World Bank announced that the economy of the Philippines will continue to grow strongly this year and next year, according to a Philippine News Agency (PNA) news report.

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

The World Bank on Tuesday said the Philippine economy is expected to continue to post strong growth but fully implementing key reforms to boost investments is crucial to sustain growth.

“We anticipate that the Philippine economy will continue to exhibit strong performance in the next few years,” World Bank country director for Brunei, Malaysia, the Philippines and Thailand Ndiame Diop said in briefing for the presentation of the Philippines Economic Update (PEU) December 2023 edition.

“This growth will be propelled by a healthy labor market and declining inflation, which will stimulate robust household consumption,” he said.

For this year, the World Bank expects the Philippine economy to grow by 5.6 percent and edge up to 5.8 percent in 2024.

The services sector is anticipated to be the main growth driver supported by the ongoing recovery of the tourism sector and the consistent performance of the information technology and business process outsourcing industry.

“We expect that the full implementation of several investment reforms will enhance the country’s competitiveness to attract foreign investment, strengthening the country’s global growth prospects,” said Diop.

The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic expansion to 5.5 percent.

“Despite the challenging global environment that resulted in a slowdown for many countries in the region, the Philippines stands out as among the top performers,” Diop added.

He said this can be attributed to the country’s resilient domestic demand which helped mitigate the impact of external headwinds.

Inflation, meanwhile, is forecast to settle at 5.9 percent this year and ease to 3.6 percent in 2024.

Policy recommendations – Diop pointed out that moving forward, full implementation of key forms is needed to mitigate the impact of high inflation amid volatility in global commodity prices and high cost of borrowings to stimulate private investment, promote job creation and reduce poverty.

These include the amendments to the Public Services Act, Retail Trade Liberalization Act, the Foreign Investment Act and amendments to the implementing rules and regulations of the Renewable Energy Act allowing foreign ownership of renewable energy projects.

World Bank senior economist Ralph Van Doorn said that in the short term, domestic policy priorities include containing elevated inflation and providing assistance to vulnerable sectors.

Van Doorn said enhancing forecasting and planning to help stabilize food prices, reducing market volatility and ensuring a consistent and reliable food supply remains fundamental to reducing inflation in the short term.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the World Bank is correct with its findings about the economy of the Philippines?

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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