To put things in perspective, posted below is an excerpt from the GMA Network news report. Some parts in boldface…
The United States Department of State has flagged “pervasive” corruption in the Philippines as among the major barriers to foreign investment in the country.
In its 2025 Investment Climate report, the US State Department said “corruption is a pervasive and long-standing problem in both the public and private sector” in the Philippines.
It also cited the country’s rank of 114th out of 180 countries on Transparency International’s 2024 Corruption Perceptions Index and “remaining around that level since 2019.”
The State Department added that the World Economic Forum also flagged corruption as among the top problematic factors for doing business in the Philippines.
“The Philippines’ complex, slow, redundant, and sometimes corrupt judicial system inhibits the timely and fair resolution of commercial disputes,” it said.
“Foreign investors describe the inefficiency and uncertainty of the judicial system as a significant barrier to investment. Investors often decline to file cases in court because of slow and complex litigation processes and fears of corruption. Stakeholders report an inexperienced judiciary when confronted with cases involving complex issues such as technology or science,” it added.
The State Department also said its embassy in Manila has received multiple reports from US businesses of overly invasive searches, inconsistent customs charges, and solicitations of “facilitation fees” (such as bribes) from some customs officials.
Let me end this post by asking you readers: What is your reaction to this development? Do you think the US State Department’s 2025 Investment Climate report about the Philippines is true and accurate? Are you concerned that the perceived corruption as well as the shocking revelations about the flood control projects scandals are already discouraging foreign investors from investing in the country? Do you think the Trump tariffs will eventually bring down Philippine exports to the United States in the next few months? What do you think the Philippine government should do to wipe out corruption and regain the trust of foreign investors?
Recently the Bangko Sentral ng Pilipinas (BSP) conduct its own survey which revealed that business sentiment in the Philippines became less optimistic during the 3rd quarter, according to a BusinessWorld news report.
To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…
Philippine businesses turned less optimistic about the economy in the third quarter amid bad weather and sluggish demand during “ghost month,” a survey by the Bangko Sentral ng Pilipinas (BSP) showed.
Based on its latest Business Expectations Survey, the overall confidence index (CI) for businesses fell to 23.2% in the third quarter, down from the 28.8% in the second quarter and the 32.9% in the same quarter last year.
A positive CI indicates that more respondents are optimistic than pessimistic. However, this was the lowest CI seen since the 23.9% recorded in the fourth quarter of 2022. The business confidence index has been on a decline for three consecutive quarters.
“Philippine businesses were less optimistic about the economy in the third quarter of the year,” the BSP said in a statement. “Their dampened confidence was primarily attributed to the slack in demand during the ‘ghost month’ and the onset of the rainy and typhoon season.”
This year, “ghost month,” the seventh month in the Chinese lunar calendar, ran from Aug. 23 to Sept. 21. Some investors avoid making big investments or decisions during this period.
The country also experienced heavy rains and flooding brought by several tropical storms and the southwest monsoon from late July to early August.
“Global headwinds, such as higher US tariffs, geopolitical tensions, and weaker foreign demand, also weighed on business confidence,” the BSP said. The US began imposing a 19% tariff on goods from the Philippines on Aug. 7.
At the same time, business confidence for the fourth quarter improved to 49.5% from 39.3% previously, as a surge in consumer spending is usually seen ahead of the holidays. The overall business outlook for the next 12 months eased to 48.1% from 51% the previous quarter.
“Despite the lower year-ahead CI, it remained positive, reflecting businesses’ continued optimism about near-term economic prospects,” the BSP said.
Businesses surveyed also see the peso appreciating against the US dollar in the fourth quarter and over the next 12 months but expect inflation to accelerate further.
“Firms also expect inflation over the next 12 months to remain within the National Government’s target range, indicating firmly anchored business inflation expectations. Within-target inflation supports investments and job creation,” the BSP said.
Businesses expect inflation to have settled at 2.1% in the third quarter, and picking up to 2.3% next quarter, and 2.4% in the next 12 months.
The central bank surveyed 1,523 firms nationwide, 580 of which are in the National Capital Region (NCR) and 943 in areas outside NCR, from July 4 to Aug. 17.
Let me end this post by asking you readers: What is your reaction to this development? Do you think the economy of the Philippines will somehow slow down in the 4th quarter?
During a high-level press conference in the White House, United States President Donald Trump revealed an ambitious new plan to achieve peace not only in the Gaza Strip but also in the Middle East, and already Israeli Prime Minister Benjamin Netanyahu has agreed to it.
To get straight into what happened, watch the official video of the press conference from the White House below. Pay close attention to the details.
It should be noted that during the conference, Trump made it clear that if the Palestinian terrorist group Hamas (which has always been supported by terrorist state Iran and Qatar) rejects the plan, America will support Israel to eliminate the terrorists. Be aware that Hamas never cared for their fellow Palestinians in Gaza as they used them as human shields, and Hamas fed their greed and selfishness using humanitarian aid they snatched for a long time. Hamas, not Israel, is guilty of committing genocide and other crimes against humanity. There clearly is no justification for the Palestinian terrorists to exist the way they are. Hamas has a chance to stop their terrorism and we will find out soon if they will give in or not.
WHAT DID TRUMP SAY AT THE WHITE HOUSE PRESS CONFERENCE? – Trump said that the US would be involved in Israel’s security after the ceasefire agreement.
The president said that if his deal were accepted by Hamas, all of the hostages, living and dead, would be released almost immediately.
Trump intends to end the war itself, and said that he was “hearing that Hamas wants to get this done.”
He also stated that during his meeting with Netanyahu, the Israeli PM clearly stated his opposition to a Palestinian state.
Trump slammed other countries that had “foolishly” recognized a Palestinian state at the UN General Assembly last week.
He noted that if Hamas rejects the deal that Israel has agreed to, he would give Israel the backing to destroy Hamas.
“And if Hamas rejects the deal, which is always possible, they’re the only one left. Everyone else has accepted it, but I have a feeling that we’re going to have a positive answer,” he said. “But if not, as you know, Bibi, you have our full backing to do what you would.“
In addition, he said Israel and others were “beyond very close” to reaching an agreement on ending the Israel-Hamas War in the Gaza Strip.
Trump, standing alongside Netanyahu, said the agreement would involve Arab countries and should help to achieve a broader peace in the Middle East.
“At least we’re at a minimum, very, very close. And I think we’re beyond very close,” Trump told reporters. “And I want to thank Bibi for really getting in there and doing a job.”
Trump affirmed that Israelis want a return to peace and want the hostages home. He also added that there were “many Palestinians who wish to live in peace,” adding that they had a “rough life under Hamas.
Trump stated that he believes Iran will one day become a member of the Abraham Accords.
He concluded his statement by again calling on Hamas to accept his plan, calling it an “extremely fair proposal.”
WHAT DID NETANYAHU SAY AT THE WHITE HOUSE PRESS CONFERENCE? – Netanyahu stated that Trump was Israel’s greatest friend in Washington.
“You are the greatest friend that Israel has ever had in the White House,” the prime minister said, adding that “it’s not even close.”
He also said that Trump’s plan achieves all of Israel’s war aims. Netanyahu outlined his cabinet’s “day after” plan for Gaza and the end of the war.
The objectives included: the disarmament of Hamas, the demilitarization of Gaza, the return of the hostages, Israel maintaining security parameters within the enclave, and the establishment of a peaceful civilian administration in the Gaza Strip.
The prime minister also said that there would be no role for the Palestinian Authority in Gaza until it underwent major transformations.
Netanyahu said that Trump’s plan provides a “realistic path for Gaza.”
WHAT IS TRUMP’S PLAN? – Trump released his plan to end the Israel-Hamas War.
Notably, the statement said that within 72 hours of Israel publicly accepting this agreement, all hostages, alive and deceased, will be returned.
The released statement states that Gaza will be “a deradicalized terror-free zone that does not pose a threat to its neighbors,” and that the enclave will be redeveloped for the citizens of Gaza, “who have suffered more than enough.”
If both sides agree to this proposal, the war will immediately end. Israeli forces will withdraw to the agreed-upon line to prepare for a hostage release. During this time, all military operations, including aerial and artillery bombardment, will be suspended, and battle lines will remain frozen until conditions are met for the complete staged withdrawal.
Once all hostages are released, Israel will release 250 life sentence prisoners plus 1,700 Gazans who were detained after October 7th, 2023, including all women and children detained in that context. For every Israeli hostage whose remains are released, Israel will release the remains of 15 deceased Gazans.
Once all hostages are returned, Hamas members who commit to peaceful co-existence and to decommission their weapons will be given amnesty. Members of Hamas who wish to leave Gaza will be provided safe passage to receiving countries.
For additional insight about the press conference, watch the videos below.
Thank the Lord for this significant development on the part of Israel. President Trump and his team truly have a grand strategy to achieve peace in the Middle East and it involves Gaza (note: Trump previously revealed a Gaza plan) which has long been a hot bed of Islamic terrorists and literally the launch pad of terrorist attacks against Israel. Trump has been able to make peace agreements happen since he returned to the White House and in this year alone, many breakthroughs happened diplomatically, socially and economically.
That being said, it is a must for people to focus on what would happen next after the announcement of Trump’s bold peace plan for the Middle East. You can simply ignore the foolish acts of the corrupted United Nations (UN) and its many member nations who joined the wrong side of history by deciding to recognize a Palestinian state, getting close with terrorist state Iran and walking out of Netanyahu’s UN address. The Gaza and Middle East peace plan revealed by Trump and agreed to by Netanyahu is the one people of faith should focus on and pray to the Lord to make it happen.
I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.
Thank the Lord for United States President Donald Trump as the State Department officially announced it will put an end to the anti-Christian practices that went into effect by the previous administration, according to a Newsmax report.
For the newcomers reading this, when Joe Biden took office in January 2021, the State Department became hostile towards Christians in various ways while favoring Satanic Leftist ideology and causes (example: LGBT). In other words, the State Department under Biden and the Democrats became discriminating towards Christians. Let us not forget the Democrats’ love for unholy causes like abortion, same-sex marriage, critical race theory (CRT), and more.
To put things in perspective, posted below is an excerpt from the news report of Newsmax. Some parts in boldface.
The State Department said Friday that it will “eradicate” anti-Christian practices that were in place under the Biden administration, as directed by the Trump administration.
“Our nation was founded on the recognition that moral virtue and a steadfast faith in God are necessary preconditions of freedom,” the department said on its official X account. “Yet under the Biden Administration, U.S. foreign policy belittled Christianity and weaponized government against faith.
“That era has ended,” the post continued. “Under @POTUS’s leadership, the State Department will eradicate practices that devalue and demean the Christian faith.”
In its initial assessment, the Task Force to Eradicate Anti-Christian Bias found that under the Biden administration, the State Department “stigmatized employees for religious objections to the COVID-19 vaccine mandate” and cast “blame for disease on the unvaccinated.”
“The Department of State empowered employees to publicly shame and demean their colleagues with religious objections, even calling them ‘plague rats’ and ‘murderers,‘” the report said. “In one instance, an ambassador directly accused an unvaccinated subordinate of ‘wanting to kill’ the ambassador’s mother. The process used for determining religious exemptions involved an invasive questionnaire demanding highly personal information, reportedly far exceeding the legal requirements.
“Those who received religious accommodations were further shamed and humiliated as they were required to test for COVID weekly in view of others; disclose their accommodations to colleagues; and wear masks essentially marking them with a scarlet letter,” the document said.
In the State Department under Biden, Christian homeschool parents who were federal employees were harassed because of their religious beliefs, and their “commonsense parental choice” was likened to “child abuse.”
These parents were targeted with “Inspector General investigations, IRS referrals, and threats of criminal charges and disciplinary action,” according to the report.
The State Department’s foreign policy “disfavored Christians” and imposed “ideologically driven LGBT policies and programming on foreign governments” while offering “only muted responses to brutal attacks on, and the repression of, Christians overseas.”
The department also limited “humanitarian relief to Christians.”
According to the report, overseas leave policies under Biden “discriminatorily disfavored Christian State Department employees, instilling a culture of bias in which Catholics and other Christians reported being mocked for their religious beliefs by their colleagues.”
“In some cases, State Department employees were given leave for Muslim holidays, even as operations continued on Passover, Good Friday, and Easter Sunday and Monday,” the document stated.
Now, I want to share with you the following verses from the Holy Bible.
No weapon formed against you shall prosper,
And every tongue which rises against you in judgment
You shall condemn.
This is the heritage of the servants of the Lord,
And their righteousness is from Me,”
Says the Lord.
Isaiah 54:17 (NKJV)
“Then they will deliver you up to tribulation and kill you, and you will be hated by all nations for My name’s sake. And then many will be offended, will betray one another, and will hate one another. Then many false prophets will rise up and deceive many. And because lawlessness will abound, the love of many will grow cold. But he who endures to the end shall be saved.
Matthew 24:9-13 (NKJV)
For there [is only] one God, and [only] one Mediator between God and men, the Man Christ Jesus,
1 Timothy 2:5 (AMPC)
Let me end this piece by asking you readers: What is your reaction to this development? Do you like the major changes being done in government under President Trump’s leadership? Were you a victim of discrimination by the Biden administration?
Based on its latest economy research, Moody’s Ratings announced that the economy of the Philippines will achieve 5.7% growth for the year 2025, according to a BusinessWorld news report.
To put things in perspective, posted below is an excerpt from the news report of the BusinessWorld. Some parts in boldface…
THE PHILIPPINE ECONOMY is on track to grow by 5.7% this year on the back of strong household spending, steady remittances and sustained public investments, Moody’s Ratings said.
“We expect the Philippines to maintain strong economic growth relative to regional and rating peers,” Moody’s said after the completion of a periodic review of Philippines’ credit rating.
“Growth will be supported by resilient household consumption, stable remittance inflows from overseas workers, and public investment spending, and ongoing structural reforms,” it said in a report.
Moody’s forecast is within the government’s revised 5.5-6.5% gross domestic product (GDP) growth target for this year.
In the second quarter, GDP expanded by an annual 5.5%, up from 5.4% in the first quarter but slower than the 6.5% in the same period last year. For the first half, GDP growth averaged 5.4%, slower than the 6.2% a year ago.
Moody’s flagged downside risks to the outlook arising from the US tariff policies.
“Although the Philippines’ exposure to trade and global value chains is relatively low, uncertainty around US trade policy and tariffs presents some downside risks to domestic consumption and investment,” it said.
Since Aug. 7, the United States has been imposing a 19% tariff on Philippine goods entering the US. The US is one of the top destinations for Philippine-made goods.
Growth will also be supported by its fiscal consolidation efforts, but Moody’s flagged the government’s high debt stock and interest burden.
“Fiscal consolidation efforts are on track to meet the government’s revised Medium-Term Fiscal Framework of reducing the deficit to 4.3% of GDP by 2028, supported by the implementation of reform measures at enhancing revenue collection and spending efficiency,” Moody’s said.
While this will help temper Philippines’ debt burden, Moody’s said debt will remain “above pre-pandemic levels.”
As of June, the Philippines’ sovereign debt hit a fresh high of P17.27 trillion, up 11.5% from P15.48 trillion in the same month in 2024.
This brought the debt-to-GDP ratio to 63.1% at the end of June, the highest ratio since 2005. This is above the 60% debt-to-GDP threshold considered by multilateral lenders to be manageable for developing economies.
“Debt affordability, measured by the ratio of interest payments to revenue, is expected to weaken over the next two years, before gradually normalizing as global refinancing rates decline and economic growth returns to its long-term trend,” the debt watcher said.
“Despite rate cuts by the central bank since the second half of 2024, elevated government funding costs and a lag in the monetary policy transmission will keep interest burden higher,” it added.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Moody’s Ratings of a 5.7% economic growth for 2025 will turn out true? What do you think it will take for the Philippine economy to reach 6% growth this year?
United States President Donald Trump really means business when it comes to protecting his nation and citizens as America eliminated a vessel from Venezuela operated by the Tren de Aragua gang carrying illegal drugs, according to a Newsmax news report. Already the Prime Minister of Trinidad and Tobago praised the strike.
For the newcomers reading this, Tren de Aragua is a transnational criminal organization from Venezuela and its members has spread throughout Latin America and even in the United States. Tren de Aragua is officially a terrorist organization.
To put things in perspective, posted below is an excerpt from the news report of Newsmax. Some parts in boldface.
President Donald Trump said Tuesday that the U.S. has carried out a strike in the southern Caribbean against a drug-carrying vessel that departed from Venezuela and was operated by the Tren de Aragua gang.
The president said 11 were killed in the operation.
“The strike occurred while the terrorists were at sea in International waters transporting illegal narcotics, heading to the United States,” Trump said in a social media posting. “No U.S. Forces were harmed in this strike. Please let this serve as notice to anybody even thinking about bringing drugs into the United States of America.”
Secretary of State Marco Rubio said earlier on X that the vessel was being operated by a “designated narco-terrorist organization.” He described the operation as a lethal strike.
Rubio addressed the strike on Tuesday shortly before he was scheduled to depart for Mexico and Ecuador for talks on drug cartels, security, tariffs and more.
The U.S. recently announced plans to boost its maritime force in the waters off Venezuela to combat threats from Latin American drug cartels.
The U.S. has not signaled any planned land incursion by the thousands of personnel being deployed. Still, President Nicolás Maduro’s government has responded by deploying troops along Venezuela’s coast and border with neighboring Colombia, as well as by urging Venezuelans to enlist in a civilian militia.
For clarity, posted below is the entire social media post by President Trump regarding the strike. Pay close attention to the details:
Earlier this morning, on my Orders, U.S. Military Forces conducted a kinetic strike against positively identified Tren de Aragua Narcoterrorists in the SOUTHCOM area of responsibility. TDA is a designated Foreign Terrorist Organization, operating under the control of Nicolas Maduro, responsible for mass murder, drug trafficking, sex trafficking, and acts of violence and terror across the United States and Western Hemisphere. The strike occurred while the terrorists were at sea in International waters transporting illegal narcotics, heading to the United States. The strike resulted in 11 terrorists killed in action. No U.S. Forces were harmed in this strike. Please let this serve as notice to anybody even thinking about bringing drugs into the United States of America. BEWARE! Thank you for your attention to this matter!!!!!!!!!!!
Let me end this piece by asking you readers: What is your reaction to this development? Do you like what the Trump administration is doing with regards to combatting terrorists and the wave of illegal drugs coming from Latin America? What will it take to apprehend all the remaining Tren de Aragua members in the United States? Do you think bringing down the Maduro regime in Venezuela can be achieved during Trump’s 2nd term?
There is no doubt that United States President Donald Trump and his administration have successfully secured their borders as Homeland Security Secretary Kristi Noem confirmed during a recent cabinet meeting that absolutely zero illegals entered their country over the past three months, according to a Newsmax news report.
Trump’s America not only succeeded in securing the borders, the United States Immigration and Customs Enforcement (ICE) continues to apprehend and deport illegal immigrants with criminal records, other illegal immigrants volunteered to be deported back to where they came from, the safety of the citizens has improved and more citizens have gotten employed this year. Homeland security is working in tandem with the other departments of the government such as Defense, Justice and Immigration. These developments are indeed change that Americans and Trump supports can believe in.
To put things in perspective, posted below is an excerpt from the news report of Newsmax. Some parts in boldface.
The U.S. has gone three straight months without an illegal immigrant entering the country and 1.6 million inside the country have self-deported, Homeland Security Secretary Kristi Noem said Tuesday.
Noem, speaking during a Cabinet meeting that aired live on Newsmax and the Newsmax2 free online streaming platform, thanked President Donald Trump for his support and said that her department is following through on his campaign promise to make America safe again.
“Today, the average family and individual that lives in this country is safer than they’ve been in years because of what you’ve done,” Noem said. “We’ve gone three months in a row now with zero illegal aliens coming into this country.“
Noem also thanked Defense Secretary Pete Hegseth for helping her agency with border enforcement.
“They’re down at the border with us, still helping us keep that border secure and make sure we know who’s coming into this country,” she said. “You’ve arrested and brought to justice hundreds of thousands of illegal aliens, criminals that have perpetuated violence against American people. Sir, you’ve had 1.6 million people voluntarily go home to their home countries that were here in this country illegally. Because of your strong message and you enforcing the law, they decided to go home on their own so that they could come back the right way someday and be American citizens.
“But what I think is one of the most remarkable statistics is that under Joe Biden’s administration, 88% of new jobs went to foreign born individuals. Under your administration, 2.5 [million] Americans have jobs today that they didn’t under the previous administration. And they have those jobs because you created opportunities.
“You made this country safe. You opened up the economy. You enforced the law. Now people can get up and provide for their families and go to work every day and be confident in that.“
Noem also talked about the savings made on the president’s immigration crackdown, noting it cost American taxpayers between $8,000 and $9,000 to support each illegal immigrant “in what they were taking out of our social programs, out of Social Security.”
“You saved this country billions of dollars, about $15 billion just in what those illegal aliens were costing us in social programs,” Noem said. “I’ve cut over 450 different contracts at the Department of Homeland Security. We’re getting rid of corrupt ones, ones that were not efficient for taxpayers, weren’t focused on our mission of keeping us safe. And we’ve also renegotiated and brought in our biggest vendors and said, you have to do better.
“And we’ve saved the taxpayers over $13 billion doing that, as well. So, we’re continuing to be accountable with taxpayer dollars [and] focused on doing the mission of what you’ve committed, and that’s to keep us safe and to make sure we put Americans first.”
Trump appeared pleased to hear Noem’s report, thanking Noem, Hegseth and Tom Homan, his point man for mass deportations and border security.
Wow! What was revealed during the cabinet meeting was indeed a bunch of breakthroughs. The Trump administration is truly progressing with its immigration policies, economic efforts and putting Americans first. 2025 still has a few months left and already the United States is blossoming and has established itself as the shining example of solving the illegal immigration crisis and preventing foreigners from trespassing into the country.
Let me end this piece by asking you readers: What is your reaction to this development? Do you like what the Trump administration is doing with regards to border security, illegal immigration, job creation and the wellbeing of American citizens? Are you still surrounded by people who love illegal immigrants while they keep on attacking the Trump administration for serving the American people? How many people in your local community still follow the Democrats and the Islamo-Leftists?
As far as the University of Asia and the Pacific (UA&P) is concerned, the economy of the Philippines will still grow stronger in the 3rd quarter by 5.8% despite the 19% Trump tariffs, according to a BusinessWorld news report.
To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…
PHILIPPINE economic growth may pick up in the third quarter despite higher US tariffs and “milder” typhoons, the University of Asia and the Pacific (UA&P) said.
“Despite the Trump tariffs, milder typhoon season will help accelerate GDP expansion in Q3 to 5.8%, given a low base in 2024,” it said in its latest The Market Call released on Friday.
If realized, this would be faster than 5.2% in the third quarter of 2024 and 5.5% print in the second quarter. This forecast is also within the government’s revised 5.5% to 6.5% target this year.
“Consumer spending remains strong, aided by low inflation but limited by new US taxes on OFW (overseas Filipino Worker) remittances,” UA&P said.
Inflation cooled to a near six-year low of 0.9% in July as utilities and food costs continued to ease. This brought the seven-month average to 1.7%, slightly below the Bangko Sentral ng Pilipinas’ (BSP) 2-4% target band.
UA&P said government infrastructure spending may also regain momentum in the third quarter. This was after state spending slumped due to the 45-day election ban on public works spending from March 28 to May 12.
UA&P said residential construction will remain subdued due to elevated policy and interest rates.
The Bangko Sentral ng Pilipinas (BSP) has so far lowered borrowing costs by a total of 125 basis points (bps) since it began its easing cycle in August last year. The policy rate now stands at 5.25%.
UA&P said the US dollar rate will “move either way” depending on rate cuts by the BSP and the US Federal Reserve.
“The peso-dollar rate has a fundamental depreciation bias although it will depend much on extent and timing of policy rate cuts by BSP and the Fed,” it said.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will be able to grow stronger in the 3rd quarter even though the 19% Trump tariffs are already in effect? Do you see any signs of Philippine exports to America slowing down already?
Remember the big meeting between United States President Donald Trump and Philippine President Ferdinand “Bongbong” Marcos, Jr., over a month ago? A 19% tariff by America on Philippine goods was set and now the government of the Philippines is seeking exemptions specifically for exports of agricultural commodities, electronics, vehicle tires, bags and aircraft parts, according to a BusinessWorld news report.
To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…
THE PHILIPPINES is asking the US to exempt exports of agricultural products and other goods from the 19% tariff imposed by US President Donald J. Trump, a Trade official said on Thursday.
Trade Undersecretary Allan B. Gepty said the government is seeking US tariff exemptions for exports of agricultural commodities, electronics, vehicle tires, bags and aircraft parts.
“We submitted a list of products we asked the US to exempt from the imposed tariff rates, because these are key and complementary items. And some of them, in fact, are not even produced or manufactured there (in the US),” he told senators at a Senate briefing on the tariff set by Washington on Philippine exports.
“The immediate need right now is we want to negotiate for an exemption, because we want to protect our industries whose main export market is the US,” he added.
The US began imposing a 19% tariff on Philippine goods starting Aug. 7.
“We already submitted to the US the products that should be exempted from the reciprocal tariffs,” he said.
Mr. Gepty said about 23% of the country’s total exports to the US are exempted from the 19% tariff.
In June, the United States was the top destination for Philippine-made goods amounting to $1.22 billion, 35.2% higher from the same month a year ago. Around 53% of the Philippines’ total exports to the US were semiconductors and electronics, Mr. Gepty said.
The US has yet to set new global tariffs for semiconductors and pharmaceuticals. Mr. Trump had earlier said he plans to announce higher tariffs on imports of semiconductors, but companies that plan to build manufacturing facilities in the US would be exempted.
“Ninety-nine percent of our semiconductors as of now are still exempted, there’s still no problem” he said. “If the 100% continues, that’s a big problem,” he added.
Mr. Gepty said most of the semiconductors are made by US companies in the Philippines and exported to the US. He noted the higher tariffs would pose problems for the US supply chain, particularly for its defense industry.
Meanwhile, the Philippines has not formally granted zero tariffs on US products, as negotiations over a reciprocal trade agreement remain ongoing, he said.
Let me end this post by asking you readers: What is your reaction to the recent developments? Do you think the Philippines will succeed in getting an exemption from the Trump tariff on key exports?
Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?
I recommend you check out the following videos I found.
#1 Very In-Depth Retrospective about Saints Row (2006) – Back in 2006, I bought my Xbox 360 console and one of the very first games I bought for it was the original Saints Row. The game exceeded my expectations for a fun-filled open-world experience and in some creative ways, it was more entertaining than the Grand Theft Auto (GTA) games available at the time. Recently, I found what is very clearly the most in-depth and most analytical retrospective video about the game which you must watch now.
#2 The Night Donald Trump Destroyed Hillary Clinton With His Al Smith Dinner Speech – Remember the Al Smith Dinner event of 2016? Al Smith Dinner is the annual white tie dinner held in New York City to raise funds for Catholic charities and it has the notable tradition of having US Presidential candidates as guests every four years. The 2016 edition of the dinner was very memorable because of what Donald Trump said about the wicked Hillary Clinton. Trump’s line of Clinton “pretending not to hate Catholics” drew a lot of reactions and was magnified by the mainstream news media. There is a lot more to be discovered in the video from MAGAMark below.
#3 The Sixth Sense Revisited – When it was first released in cinemas in 1999, The Sixth Sense generated a tremendous amount of word-of-mouth reactions and discussions among local moviegoers. This was because of the twist ending, M. Night Shyamalan’s directing, the intense combination of suspense and fright, and the memorable acting between Bruce Willis and Haley Joel Osment. It’s not surprising that The Sixth Sense became a popular choice of film for YouTubers to make videos of and you can enjoy watching the selected videos below.
#4 Gradius III Revisited – While I played a lot of video games released by Konami, I never ever got to play Gradius III in the arcade nor on game console. Back in the early 1990s, I remember seeing boxes of the Super Nintendo Entertainment System (SNES) version of Gradius III displayed in local game stores but I did not have the money to purchase it. None of my neighbors (with SNES consoles in their respective homes) had it. Eventually, I saw some YouTube videos focused on the old game and you can enjoy watching them below.
#5 Okonomiyaki in Japan – I enjoy eating Okonomiyaki which is a Japanese teppanyaki savory pancake dish consisting of wheat flour batter and other ingredients. In my experience, I have not toured Japan for a very long time and there are lots of places there that cook and serve Okonomiyaki to customers. If you want to see what Okonomiyaki looks like and hot it is cooked, watch the selected videos below.
#6 Entitled Illegal Immigrants – Is your local community still literally flooded with illegal immigrants? There is no doubt that crime is connected with illegal immigration and there are even illegal immigrants who believe they are entitled and cannot be held accountable for wrongdoing. You can see why and learn more by watching the video below.
Author Carlo Carrasco 