business news – Page 2 – Author Carlo Carrasco

Philippines Attracted Only 5.235 Million International Tourist Arrivals In January-November 2025 Period

December 23, 2025December 17, 2025carlocarrasco

Even though there already is a foreign tourism boom in Southeast Asia, the Philippines has literally been left behind by its neighbors as it attracted only 5.235 million international tourist arrivals for the period of January to November 2025, according to a news report by BusinessWorld.

For the newcomers reading this, the Philippines has been struggling throughout the year when it comes to attracting foreign visitors. In 2024, the Philippines attracted 5,949,350 foreign visitors which is way off the declared target of 7,700,000. A real estate advisory firm pointed to domestic travel as the key for the recovery of the nation’s tourism industry. Read my previous blog post by clicking here.

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

VISITOR ARRIVALS in the Philippines fell by 2.16% in the first 11 months, amid a decline in tourists from South Korea and China, Tourism department data showed.

Data from the Department of Tourism (DoT) showed international tourist arrivals dropped to 5.235 million in the January-to-November period from 5.35 million in the same period in 2024.

Of the tourist arrivals, the bulk or 4.918 million were foreign tourists, while the rest were overseas Filipinos.

South Korea remained the biggest source of tourists in the first 11 months, accounting for 21.66% of the total. While 1.134 million South Koreans visited the Philippines as of November, this was a 21% decline from the 1.436 million Korean tourists a year ago.

The US was the second-biggest source of tourists, at 894,835 or 17.09% of the total as of end-November. This was 6.57% higher than last year’s 839,635 tourist arrivals from the US.

Japan was the third-biggest source of tourists, accounting for 406,794 or 7.77% of the total, 15.36% up from 352,630 a year ago.

Tourist arrivals from Australia increased by 16.17% to 268,892 in the 11-month period. Meanwhile, tourists from China fell by 16.55% to 248,339 as of end-November.

The other top markets were Canada, Taiwan, the United Kingdom, Singapore, and Malaysia, which cumulatively accounted for 793,750 of the total arrivals.

“The weaker South Korean won amid a volatile political and economic situation over the past year and slower economic growth in China, which is the world’s second-biggest economy, on top of territorial disputes partly weighed on foreign tourism numbers,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Mr. Ricafort noted that the government should improve infrastructure to make it more convenient for tourists to travel around the country.

“Challenges include the need to further expand and develop tourism-related infrastructure such as airports, seaports, accommodation facilities, and train systems, including the Metro Manila subway and toll roads,” he added.

Despite the decline in the first 11 months, Mr. Ricafort said that it is still possible for the country to surpass the tourist arrivals last year, which reached 5.949 million.

“It is still possible, considering some seasonal increase in foreign tourists during the Christmas holiday season, especially overseas Filipino workers and balikbayans, to spend the most festive time of the year, while others escape winter,” he said.

“A higher US dollar-peso exchange rate would make it cheaper for foreign tourists to come to the Philippines,” he added.

Meanwhile, Mr. Ricafort noted the growth in tourist arrivals from India and other countries, which helped “offset the decline in major traditional sources such as South Korea and China.”

India was the 11th biggest source of tourist arrivals in the January-to-November period, accounting for 85,885 or 1.64% of the total. Tourists from India increased by 17.06% from 73,369 arrivals in the same period in the previous year.

Earlier this year, the Philippines and India signed the Implementation Program on Tourism Cooperation for the years 2025 to 2028.

For his part, Colliers Research Director Joey Roi H. Bondoc said that with only 5.235 million as of end-November, it will be difficult for the country to even surpass last year’s arrivals.

“I think it will be very difficult… We may not be able to beat that or even meet that, but of course we want to end the year stronger,” he said in a phone interview.

“We see a lot of foreign tourists still in December because of the holiday season. Definitely that optimism should spill over to next year,” he added.

As for the drop in arrivals from South Korea, Mr. Bondoc attributed this to the economic downturn and political crisis in the country.

“If you look at some integrated casinos, they were initially targeting Koreans… so they are experiencing the pinch of slower arrivals from South Korea,” he said.

Mr. Bondoc said the Philippines should try to attract tourists from other markets.

For further insight about the tourism industry problem of the Philippines, watch the CNA Insider video below.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you think the Philippines can still beat its 2024 record of international visitor arrivals and generate huge revenues for the economy? Do you think the current administration will be able to improve the nation’s infrastructure and make travel more efficient and convenient for all tourists? Do you think the Philippines is too expensive when it comes to air travel?

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

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Japan’s Green Tea Exports Reach Highest Level In Over 70 Years

December 21, 2025December 14, 2025carlocarrasco

Have you been buying green tea products imported from Japan lately? Japan achieved a major milestone this year as its green tea exports in the first ten months of 2025 (January to October 2025) have reached the highest level in more than seventy years, according to a news release by Kyodo News. There is still more that could be achieved as the year comes to an end.

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

Japan’s green tea exports in the first 10 months of this year reached the highest level in over 70 years on the back of the booming overseas market for matcha powder and the depreciation of the Japanese yen, government and industry data showed Saturday.

Tea exports between January and October grew 44 percent from the same period last year to 10,084 tons. The United States was the top destination, importing 3,497 tons in the 10 months, followed by Taiwan, Thailand and Germany.

Green tea exports have been increasing for nine consecutive years, reflecting the growing overseas popularity of Japanese foods among health-conscious consumers.

Despite rising overseas sales, annual shipments remained below 10,000 tons after peaking at 11,553 tons in 1954, partly as Chinese tea grew in popularity.

Despite sluggish green tea demand within Japan, tea leaf prices have been rising in recent years in line with falling production.

In 2024, Japan produced about 74,000 tons of tea leaves, more than 10 percent less than a decade earlier, amid declining demand for sencha used in brewing and an aging farming population.

Let me end this piece by asking you readers: What is your reaction to this development? Have been consuming green tea products from Japan over the past six months? If you did, what products are those and what were their brands?

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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Ayala Land To Sell Alabang Town Center (ATC) Stake To Madrigal Family For P13.5 Billion

December 20, 2025December 18, 2025carlocarrasco

A new age for the famous Alabang Town Center (ATC) in Muntinlupa City will soon begin as the developer Ayala Land Inc. (ALI) will sell its 50% stake in Alabang Commercial Center Corp. (ACCC) to the Madrigal family in a deal with P13.5 billion, according to a Manila Bulletin business news report.

For the newcomers reading this, the ACCC is the private entity that owns and operates ATC. Already, it has been reported that the Madrigal family is talking with Rockwell Land Corp. about redeveloping the high-end Alabang mall.

*The front of Alabang Town Center along Madrigal Avenue.*

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

Ayala Land, Inc. (ALI) has agreed to sell its 50 percent stake in Alabang Commercial Center Corp. (ACCC), the entity that owns and operates the prominent Alabang Town Center mall in Muntinlupa City, back to the Madrigal family for ₱13.5 billion.

The real estate giant announced in a disclosure to the Philippine Stock Exchange that it executed a share purchase agreement with its existing joint-venture partner. The transaction is contingent on standard closing conditions.

“The unsolicited offer from our joint venture partner provided a premium, allowing ALI to recognize gains from the sale and monetize its stake in Alabang Town Center,” said ALI Chief Finance Officer and Treasurer Jose Eduardo A. Quimpo II.

He added that the “Proceeds from the sale will fuel further growth in our Leasing portfolio and provide our stakeholders with return of capital.”

In a separate statement, ALI said the deal allowed the company to realize “compelling value for the mature asset, crystallizing future earnings potential today.”

“This move is a deliberate execution of Ayala Land’s strategy to be a premier creator of value,” the company said. “It showcases a disciplined approach of developing assets, stabilizing their operations, and monetizing them at an optimal valuation to aggressively fund future growth and enhance shareholder returns.”

ALI President and Chief Executive Officer Meean B. Dy noted the firm’s strategic focus.

“Our strategy is focused on a dynamic cycle of value creation. We build, we stabilize, and we unlock value at the right time to fuel our next wave of innovation,” Dy said.

“This transaction is a prime example of that strategy in action. We are monetizing a legacy asset at peak valuation to accelerate the rollout of our expansive pipeline of commercial and retail spaces, which will define the Ayala brand of development for the next decade,” he added.

The proceeds from the sale are slated to be a key driver in funding ALI’s leasing pipeline, which includes nearly 700,000 square meters of new gross leasable area (GLA) over the next five years. This expansion is set to transform the commercial landscape in key growth centers across the Philippines.

Chinabank Capital Corp. Managing Director Juan Paolo Colet described the deal as “an opportunistic transaction that enabled Ayala Land to exit their joint venture with the Madrigal family at an attractive price. The company can readily use the cash for various projects in its growth pipeline.”

Colet noted that the future plans for the property remain uncertain.

“It remains to be seen what the Madrigal family will do with their prime commercial property. Given the price they paid, they would need to unlock more value from the asset. A major redevelopment might be on the table,” he said.

Situated adjacent to exclusive gated residential communities and active business developments, Alabang Town Center serves as a community anchor with multiple al fresco areas that contribute to a relaxed, homey atmosphere consistent with the local lifestyle.

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 think the P13.5 billion deal will lead to a major redevelopment of Alabang Town Center in the near future? If you have visited the ATC before, how often do you visit the high-end shopping mall in Alabang? Do you feel confident the ATC will evolve and possibly expand under the control of the Madrigal family and Rockwell Land? Does Alabang Town Center’s current design and structure look old or outdated to you?

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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America Eyes Expansion In The Philippines As Demand For Food Intensifies

December 20, 2025December 19, 2025carlocarrasco

Following its aggressive move to export more fresh fruits to the Philippines, the United States under President Donald Trump will ramp up its agricultural exports to the country in connection with strong Filipino demand for food, according to a Manila Bulletin news report.

For the newcomers reading this, not even the softened economic growth of the Philippines dampened the Filipinos’ rising demand for food and the young population is a factor behind it. America sees opportunities to export more meat, seafood and other agricultural products to the Philippines.

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

The United States (US) is gearing up to increase its agricultural exports to the Philippines, banking on the country’s growing food demand and potential economic growth.

In a Dec. 17 report, the US Department of Agriculture (USDA) said the country was the ninth-largest market for US exporters last year, with agricultural goods valued at $3.5 billion.

The foreign agency expects continued growth in the years to come, especially given the country’s fast-growing economy, which ranked third among the Association of Southeast Asian Nations (ASEAN) countries last year.

While it noted that the Philippine economy “continues to face risks from geopolitical tensions and trade policy uncertainties,” the USDA said it will likely remain resilient in the coming year.

The International Monetary Fund (IMF) earlier lowered its forecast of the country’s gross domestic product (GDP) growth from 5.4 percent to 5.1 percent this year, before rebounding to 5.6 percent in 2026.

The USDA also cited the easing of inflation and income inequality, driven by a growing population, as fueling demand for more agricultural commodities.

“With its rapid population growth, the Philippines has a young population that increasingly demands imported agricultural products,” it said.

According to the USDA, these market dynamics provide opportunities for US agricultural product exporters to broaden their presence in the country.

The report said products that have the “greatest potential for expansion” include dairy, poultry, ethanol (non-beverage), pork, beef, processed potatoes, confectionery and snack foods, and seafood.

Last year, the US was the top single-country supplier to the Philippines, with a market share of 18 percent, behind ASEAN at 31 percent.

The USDA noted that despite this strong performance, US exporters remain at a disadvantage relative to other exporters due to logistical and tariff challenges.

In this case, members of ASEAN benefit from lower tariffs and cheaper shipping costs, whereas the US is subject to slightly higher taxes under the most-favored nation tariff rates.

On top of this, the USDA said exporters also face higher costs due to government policies such as the sanitary and phytosanitary import clearance (SPSIC)—a document required before shipment of any agricultural product to the Philippines.

“SPSICs are valid for 20 to 90 days, depending on the commodity. The limited validity period adds costs and complicates the timing of exports, among other factors,” the report read.

In this view, the USDA emphasized the need for exporters to keep up to date with market trends to maintain the competitiveness of American products in the local market.

For instance, it noted that young Filipinos are more open to new flavors and experiences, which suppliers could consider when promoting their products.

For the full report of the US Department of Agriculture related to the news story, click here.

Let me end this piece by asking you readers: What is your reaction to this development? Are you looking forward to more American agricultural products plus seafood in the local markets? Do you think exporters of America are on the verge of becoming more competitive globally over the next 24 months?

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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November 2025 Philippines Inflation Lands At 1.5%

December 16, 2025December 8, 2025carlocarrasco

The inflation rate of the Philippines eased further this past November landing at 1.5%, according to a business news report by GMA News.

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

The country’s inflation rate slowed down in November 2025 on the back of slower increase in food costs during the period, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA Deputy National Statistician Divina Gracia del Prado said the overall inflation —which measures the rate of increase in the prices of goods and services— clocked in at 1.5%. This was slower than the 1.7% rate seen in October 2025.

November’s inflation rate brought the year-to-date national average to 1.6%, well within the government’s comfortable ceiling of 2% to 4%.

“Ang pangunahing dahilan ng mas mababang antas ng inflation nitong Nobyembre 2025 kaysa noong Oktubre 2025 ay ang mas mabagal na pagtaas ng presyo ng Food and Non-Alcoholic Beverages na may 0.1% inflation rate,” del Prado said.

(The main reason for the lower inflation rate in November 2025 versus October 2025 was the slower increase in the prices of Food and Non-Alcoholic Beverages with an inflation rate of 0.1%.)

The inflation rate for the heavily weighted index clocked in at 0.5% in October 2025.

The Food and Non-Alcoholic Beverages index contributed 85.3% to the country’s overall inflation print.

Meanwhile, food inflation —which tracks the price movements of food items in a “basket” commonly purchased by households— registered a negative rate of 0.3% from 0.2% in the prior month due to slower increase in vegetable prices at 4% from 16.4% month-on-month as well as the slowdown in the growth of meat prices at 4.2% from 5.2%.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you think the nation’s inflation could slow down even more to as low as 1% by the end of December?

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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World Bank Sees Philippine Economy Gradually Recovering In 2026 And 2027

December 11, 2025December 10, 2025carlocarrasco

The World Bank (WB) sees the economy of the Philippines making a gradual recovery in 2026 and 2027 fueled by strong domestic demand, according to a news report by BusinessWorld. The WB also stressed that corruption is unacceptable.

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

THE WORLD BANK (WB) sees a gradual recovery for the Philippines in 2026 and 2027, after growth slowed this year due to weaker investment and sluggish consumption, compounded by a corruption scandal and a string of natural disasters.

In its latest Philippines Economic Update released on Tuesday, the multilateral lender trimmed its Philippine gross domestic product (GDP) growth forecast to 5.1% for this year from 5.3% in its June report. For 2026, it lowered its Philippine GDP growth forecast to 5.3% from 5.4% previously.

The World Bank also cut its Philippine GDP growth projection for 2027 to 5.4% from 5.5% previously.

These latest projections are below the government’s 5.5-6.5% growth goal for this year and the 6-7% target for 2026 to 2028.

“To borrow from Torsten Slok, chief economist at Apollo (Management), it’s a Nike swoosh pattern. He describes the US economy, and I’m describing our forecast for the Philippines as a kind of Nike swoosh. We have a dip in 2025, and then we have a gradual recovery in 2026 to 2027,” World Bank Senior Economist Jaffar Al-Rikabi said during a briefing.

He noted the average growth of the Philippines over 2025 to 2027 will be lower than 2024 when GDP expanded by 5.7%.

“For 2025… the growth is largely weighed down by domestic factors. In particular, lower construction activity and weaker consumption growth,” he said.

The Philippine economy expanded by a weaker-than-expected 4% in the third quarter, bringing nine-month growth to 5%, as the pace of household final consumption expenditure and government spending slowed amid a corruption scandal.

Mr. Al-Rikabi also noted the deceleration in fixed investment and private consumption due to higher-than-expected number of natural disasters that hit the Philippines this year.

“But for 2026 to 2027, we think that it’s likely that external factors will weigh more heavily on growth, largely slower export demand,” Mr. Al-Rikabi said.

The US imposed a 19% tariff on most goods from the Philippines starting August, dampening export demand.

The World Bank said the Philippine economy’s growth will pick up in 2026 and 2027, fueled by strong domestic demand.

“Private consumption is projected to strengthen as inflation stays low, employment remains robust, and monetary easing lowers interest rates, making it easier for businesses and households to borrow,” it said in the report.

According to the World Bank, private consumption, which accounts for more than 70% of the economy, is projected to expand by 4.8% this year, slowing from 4.9% in 2024. This is expected to pick up to 5.3% in 2026 and 5.4% in 2027.

The World Bank said investment is likely to recover as public infrastructure projects regain momentum, while recent liberalization reforms in telecommunications, transport, logistics and renewable energy improve the business climate.

The multilateral lender also expects headline inflation to average 1.8% this year, describing the pace as “very moderate” and a key source of resilience. This forecast is slightly above the Bangko Sentral ng Pilipinas’ (BSP) 1.7% projection for 2025 and the 1.6% average recorded in the first 11 months.

‘CORRUPTION IS UNACCEPTABLE’ – Even as the Philippine economy will see a gradual recovery in the next two years, Mr. Al-Rikabi noted risks are tilted to the downside, with “more prominent” domestic drivers.

“There is a continued challenge of heightened perceptions around governance risks. This could, if it continues, erode investor confidence. It could delay public investment execution, and it could weaken growth,” he said.

The World Bank economist also noted there may be delays in fiscal and structural reforms amid the current domestic environment, “which could slow consolidation and weigh on growth over the medium term.”

A corruption scandal involving anomalous flood control projects has already triggered protests, slowed economic activity, and shaken investor confidence in the country.

“From the World Bank perspective, corruption is unacceptable,” World Bank Country Director for the Philippines, Malaysia, and Brunei Zafer Mustafaoğlu said during the same briefing.

“The World Bank considers it detrimental to any country and has been fighting against corruption in all the member countries that we operate in,” he added.

Mr. Mustafaoğlu said the Philippine government could take this opportunity to increase transparency and modernize its budget execution system “that could actually support longer-term growth and can increase investment confidence (and) can increase long-term potential growth,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you think the national economy will recover gradually in 2026 and 2027 as the World Bank predicted? With inflation being low, do you feel confident about spending for your needs and wants in the short term?

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 To Tackle Plastic Pollution With Nuclear Technology

December 7, 2025November 29, 2025carlocarrasco

During his recent address at a high-profile forum in Pasay City, Philippine President Ferdinand “Bongbong” Marcos, Jr., stated that the nation will use nuclear technology to deal with plastic pollution and it will involve foreign partners, according to a news article published by Nuclear Engineering International.

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

Philippines President Ferdinand Marcos Jr has said the Philippines is committed to partnering with international organisations to tackle plastic pollution using nuclear technology. He was addressing the International Atomic Energy Agency (IAEA) International High-Level Forum on the Nuclear Technology for Controlling Plastic Pollution (NUTEC Plastics) in Pasay City.

“It affects biodiversity, public health, supply chains, and the lives of our coastal and urban communities. Addressing it requires going beyond regulation and advocacy. It requires technology that is credible, scalable, grounded in rigorous science,” he said.

“And that is why the Philippines is proud to champion the NUTEC Plastics Initiative of the IAEA. NUTEC Plastics embodies the kind of innovation that we need – solutions that merge advanced nuclear applications with environmental protection, to translate scientific progress into tangible benefits for industry and for society.”

Marcos said the Philippine Nuclear Research Institute of the Department of Science & Technology, together with the Industrial Technology Development Institute and industry partner Envirotech, had developed a new process that transforms low-value plastic wastes into durable, commercially viable materials under the Post-Radiation Reactive Extrusion of Plastic Wastes Project (PREx).

“The PREx Prototype House stands today as a tangible output of this initiative. But beyond a demonstration of breakthrough nuclear technology, it is a prototype of the future circular economy,” he added. Radiation technology enhances polymer properties, reduces material degradation, and creates new industrial uses for plastics, Marcos said.

He also referred to the marine microplastics monitoring laboratory established with the IAEA at the University of the Philippines Marine Science Institute. The laboratory equips Filipino researchers with the tools to quantify microplastics pollution with scientific precision. “Data generated here informs global models, strengthens policy interventions, and helps us track the real-time impact of plastics on marine ecosystems,” he added.

He said the Philippines was committed to building networks with regulators, scientists, investors and community stakeholders, as the Republic Act 12305 (Philippine Nuclear Law) signed in September.

This establishes a comprehensive regulatory framework covering nuclear safety, security, safeguards and the peaceful applications of nuclear technology.

“Our engagement with the IAEA and our support for science-based responses to plastic pollution reflect that same conviction: that durable progress comes not from acting alone, but from strengthening the international system that makes such cooperation possible,” Marcos said.

IAEA launched the NUTEC Plastics initiative in 2021 to help countries use nuclear science to monitor and reduce plastic pollution. The programme now supports more than 100 member states, including the Philippines, in tracking microplastics in coastal areas, identifying different types of plastics, and applying reliable, cost-effective laboratory methods based on harmonised global protocols. It also trains scientists and promotes radiation technologies that turn low-value plastic waste into useful materials.

The role of nuclear science and technology in helping countries tackle the global challenge of plastic pollution is the focus of a major IAEA event that opened on Tuesday in Manila. The International High Level Forum on NUTEC Plastics will showcase concrete results achieved by this flagship initiative launched by the IAEA in 2020.

Addressing the NUTEC Plastics Forum, IAEA Director General Rafael Mariano Grossi said: “Looking at plastic pollution from the atomic level allows us to understand microplastic pollution and its movements through marine ecosystems, which supports well-informed policy decisions to deal with it. And by using irradiation we can reduce the amount of plastic waste by turning it into valuable products like building materials.”

Masato Kanda, President of the Asian Development Bank (ADB) told the forum’s opening session that, in the Philippines, ADB is planning a $1bn programme to develop a sustainable and resilient blue economy. “Complementing this, we are harnessing digital solutions to simulate the flow of plastic pollution in the Pasig River to help rejuvenate this important waterway. We are also deepening our collaboration with the IAEA across the board: from food security to energy transition.”

NUTEC Plastics presently works with 53 countries to improve plastic recycling and develop bio-based plastics, and with 102 countries to monitor marine microplastic pollution. Every day, the equivalent of 2000 garbage trucks full of plastic are dumped into the world’s oceans, rivers and lakes. Every year, 19-23m tonnes of plastic waste leaks into waterways, disrupting habitats and livelihoods. Since plastic is not biodegradable, it breaks down into ever smaller fragments, which eventually degrade into microplastics. Microplastics can easily infiltrate into ecosystems and the food chain through water, air and soil.

Radiation can transform plastic waste into durable, high value materials and products. It can also create biodegradable bio-based plastics as an alternative to conventional petroleum-based plastics. To date, eight countries have NUTEC upcycling projects underway in cooperation with commercial partners. Argentina, Indonesia, Malaysia and the Philippines are at the forefront in demonstrating the feasibility of using irradiation to recycle plastic waste to produce construction materials, industrial additives, railway ties and other durable products. These countries have already tested prototype processes and are moving toward pilot-scale industrial production.

Let me end this post by asking you readers: What is your reaction to this recent development? By having many foreign partners, are you convinced the Philippines will be able to end its plastic pollution crisis using nuclear technology and other related solutions?

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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IAEA Director General Says Philippines Is At The Right Moment For Push To Nuclear Energy

December 3, 2025November 26, 2025carlocarrasco

Recently the Director General of the International Atomic Energy Agency (IAEA) visited the Philippines, met with President Ferdinand “Bongbong” Marcos, Jr., and revealed to the press that the nation is at the right moment to start the push for nuclear energy, 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…

The Philippines is at the “right moment” to begin pushing for nuclear energy use amid its aim to achieve energy security and reduce its reliance on fossil fuels like coal, the International Atomic Energy Agency (IAEA) said.

IAEA Director General Rafael Mariano Grossi made this remark during the International High Level Forum on Nuclear Technology (NUTEC) Plastics in Pasay City on Tuesday, Nov. 25.

He underscored that the Philippines is not new to nuclear power.

“Let’s go a little bit back in history. Your country was a pioneer long, long, long before any other countries in this region and in the world were looking at nuclear energy. But the reality is that I like to say that the Philippines is not a newcomer, it’s a revisiting country,” he said in a press conference.

“It’s a country that is reviewing, taking into account its technological capacities, what was being done here in the late 70s, early 80s, and considering that it is perhaps the right moment, as many other countries in the world, to avail itself of a notion of a clean energy that is providing solutions in many parts of the world. Why not here?,” he added.

The Philippines, during the time of former president Ferdinand Marcos Sr., once attempted to build a nuclear power plant in Bataan. While it was completed, it was never operated because of safety concerns, political issues, and corruption allegations.

Grossi said that what the Philippines is doing today with its nuclear energy push is “extremely important,” adding that small- or big-sized nuclear projects are significant and require initial capital investment.

He also noted that banks and international financial institutions in the past have turned their backs on nuclear power plants because of their “bad image.”

“But with passage of time and the safety record of nuclear and the ability to demonstrate by the industry that banks are a conservative, of course, in what they finance, there has been an important change which was initiated earlier this year when I signed with the president of the World Bank a similar agreement,” he shared.

“So, when the World Bank sent this, you know how it happens in the economy in general, when they sign from the leading institutions, the leading financing institutions in the world that there is no problem, basically, there is really no problem, no technical problem, no fundamental problem in financing nuclear,” he added.

The IAEA director pointed out that with China, India, and Pakistan, Asia “and in particular this region, is the most dynamic in terms of nuclear growth in the world.”

Malaysia, Vietnam, Singapore, and Indonesia, he cited, are also starting their own nuclear programs, as well as African countries that need grants and loans for their own nuclear push.

“People talk about the exponential growth of renewable energy, which is a very good thing, I must say. I am very positive about renewable energies,” Grossi asserted, lamenting the lack of subsidies and access to finance in the past.

“So, I believe that we are entering now a new phase. We will see how far it goes, we will see how fast it goes, but it is clearly, in my opinion, a watershed that has happened. Very important. So, it’s a very good day in that sense,” he added.

The IAEA official also met with President Marcos on Tuesday during a courtesy call at Malacañan Palace.

Grossi, who assumed office in 2019, is on his first official visit to the Philippines for the International High-Level Forum on Nuclear Technology for Controlling Plastic Pollution (NUTEC Plastics): Scaling Solutions and Partnerships for Global Impact.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the Philippines is ready to move forward by using nuclear power for the nation’s energy requirements?

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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US Mounts Offensive To Smash China’s Fruit Market Dominance In The Philippines

December 2, 2025December 1, 2025carlocarrasco

Were you able to spot and buy fruits imported from America at the local markets here in the Philippines over the past month? The United States will soon introduce new varieties of fruit to the Philippines in what is seen as a serious effort to break China’s dominance, according to a news report by the Manila Bulletin.

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

The United States (US) aims to introduce new fruit varieties to the Philippines to boost its share of the import market, which has long been dominated by China.

In a market brief published last week by the US Department of Agriculture (USDA), American exporters were urged to introduce innovative fruit varieties to the country to sustain the momentum in apple exports.

The USDA expects exports of fresh fruits to fall by at least seven percent to around $13 million this year from $14 million in 2024.

Despite this, the foreign agency said shipments of apples to the country will grow this year, driven by the popularity of the Ambrosia, Cosmic Crisp, and SugarBee varieties. These varieties were introduced to the Philippine market last year and have since gained traction among consumers.

“Consumers are eager to try new-to-market fruit varieties and share their experiences on social media,” the report read.

The USDA noted that only bananas and papayas are harvested year-round in the country, creating an opportunity for American exporters to fill market gaps year-round.

“The United States is widely recognized for consistently supplying premium-quality fruit, and US exporters are encouraged to leverage this reputation,” it said.

The USDA, citing Philippine government data, expects fresh fruit imports this year to grow by 25 percent to around $400 million, up from $321 million in 2024.

Last year, the US only accounted for a three percent share in the import market. Its main shipments were apples, cherries, grapes, oranges, strawberries, cranberries, blueberries, and peaches.

In contrast, China seized 72 percent of the market last year, with its main exports being apples, grapes, mandarins, oranges, and other citrus hybrids.

Also outperforming the US were South Africa and Australia with market shares of nine percent and eight percent, respectively.

With the exception of South Africa, the USDA noted that the dominance of regional suppliers is a result of better prices, largely driven by lower shipping costs and zero-tariff advantages under free trade agreements with the Association of Southeast Asian Nations (ASEAN).

“The Philippines does not have a preferential trade agreement with the United States or South Africa. As a result, MFN (most-favored-nation) tariff rates apply to fresh fruit imports from both countries,” the report read.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you buy any fruits in the local market that were imported from the United States of America? Does the name or image of US President Donald Trump influence your decisions on buying American fruits locally? Apart from prices, how would you compare American fruits with the ones from China in terms of taste, texture and satisfaction?

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

Preventive Maintenance And Other Improvements On SCTEX

December 1, 2025November 24, 2025carlocarrasco

The Subic–Clark–Tarlac Expressway (SCTEX) undergoing improvements by means of maintenance works and asset enhancements by the NLEX Corporation, according to a Malaya Business Insight news report. This means better travel and improved safety for the many motorists who use the SCTEX.

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

NLEX Corp., the concessionaire of the 94-kilometer Subic–Clark–Tarlac Expressway (SCTEX), recently rolled out a series of asset enhancement and preventive maintenance works to reinforce road safety, and help in providing an improved driving experience for motorists.

“We’re focused on delivering improvements that our motorists can truly feel on the road,” NLEX president and general manager Luis Reñon declared in a statement on November 20.

Approximately 3,700 square meters were reportedly completed from Dinalupihan to Tarlac, focusing on uneven surfaces and minimizing potential driving hazards.

The company also installed 22 additional sets of rumble strips at key locations along SCTEX. These strips produce mild vibrations and audible cuesfor drivers, promoting more attentive and safer driving behavior. A total of 26 rumble strips are now laid out across the expressway.

Median, or center guardrails, from Dolores to Luisita have been being raised by 30cm for the asphalt overlay. This adjustment maintains safety standards, and helps preserve roadway integrity.

Let me end this post by asking you readers: What is your reaction to this recent development? When was the last time you drove along the SCTEX?

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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