DPWH – Author Carlo Carrasco

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

November 3, 2025October 25, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Nomura Sees 2025 Philippine Economic Growth Slowing Down To 4.7%

October 30, 2025October 29, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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DPWH Says No Projects In Muntinlupa City Are Currently Under Investigation For Substandard Work

October 20, 2025October 11, 2025carlocarrasco

Recently the Department of Public Works and Highways (DPWH) replied to the official letter of inquiry by the SK Federation of Muntinlupa and the agency confirmed that no projects in Muntinlupa City are currently under investigation for substandard work, according to a news report by BusinessMirror. The DPWH also revealed details about two specific projects in Barangay Poblacion.

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

Sparked by Councilor Jonas Abadilla’s post on the SK Federation’s inquiry to DPWH, the story reflects a growing movement of young leaders seeking clarity and accountability, reminding the public that scrutiny, not suspicion, is the real measure of good governance.

The DPWH replied in full, and took responsibility.

The Sangguniang Kabataan (SK) Federation of Muntinlupa City has written to the Department of Public Works and Highways (DPWH) Las Piñas–Muntinlupa District Engineering Office to seek clarity on the selection and implementation of flood control projects in the city, including two in Barangay Poblacion worth a combined ₱143.5 million.

In its letter dated September 25, 2025, the SK Federation, joined by youth councils and alliances from Barangay Poblacion and Southville 3 raised concerns about how infrastructure priorities are identified and approved, particularly amid public speculation over several projects.

Among the questions raised: who decides which flood control projects get implemented, what criteria are used to select locations, and who approved the ₱49 million project near Caltex and the ₱94.5 million project in Southville 3. The youth groups also asked whether any Muntinlupa projects were part of ongoing investigations into substandard DPWH works.

“We believe that transparency must be achieved in order to foster inclusivity, ethical governance, and genuine service to our constituents,” the SK letter read. “We seek clarity to ensure that information shared with our fellow citizens is accurate and not subject to abuse.”

In its reply, the DPWH District Engineering Office thanked the SK for its vigilance and clarified that project identification and implementation are handled by the DPWH in coordination with local governments and district representatives, but that final approval rests with the DPWH Central Office, under the General Appropriations Act passed by Congress.

DPWH also explained that flood control projects are identified based on community vulnerability, technical studies, and protection of existing infrastructure.

The ₱49 million Caltex-area project, it said, is part of a broader series of flood mitigation works along the Magdaong River, completed in 2022 to prevent bank erosion threatening the national road.

The ₱94.5 million Southville 3 project, meanwhile, is preventive in nature: meant to avert erosion and landslides near a proposed national link road. It remains suspended pending DENR permits, with no payments yet made to the contractor.

The agency stressed that no projects in Muntinlupa are currently under investigation for substandard work, and that all undergo “strict quality control” monitored by DPWH and independent auditors.

For the SK Federation, the inquiry was an exercise in responsible citizenship — a way of using its mandate to promote transparency beyond youth programming.

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, what do you think about DPWH projects in the city? Are many members in your local community feeling angry over the corruption scandals related to flood control projects and DPWH projects around the country?

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 State Department Flags Corruption In The Philippines As Barrier To Investment

October 9, 2025October 10, 2025carlocarrasco

Corruption is sadly deeply rooted here in the Philippines. So much so, the State Department of the United States flagged corruption as a barrier to investment in the Philippines, according to a GMA Network news report. To be clear, there have been economic forecasts about the Philippine economy growing less than 6% this year (possibly ending below the national government’s declared targets) and the US State Department published its detailed report about the country and investment online. As a lot of people are angry over corruption, tremendous economic damage of P1.7 trillion in market capitalization was wiped out (update: the Securities and Exchange Commission chairman apologized for stating the P1.7 trillion figure).

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.

To see the entire 2025 Investment Climate Statements about the Philippines, click https://www.state.gov/reports/2025-investment-climate-statements/philippines

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?

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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Parañaque Congressman Yamsuan Pledges To Make 2nd District A Model For Transparent DPWH Projects

September 13, 2025September 11, 2025carlocarrasco

With the ongoing controversies caused by many scandals related to flood control projects and infrastructure projects nationwide, Parañaque City’s 2^nd District Representative Brian Yamsuan made a pledge that his district will be a model for transparent projects of the Department of Public Works and Highways (DPWH), according to a Journal.com.ph news report.

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

PARANAQUE Representative Brian Raymund Yamsuan has pledged to make the city’s second district a model in helping ensure the transparent and accountable implementation of the Department of Public Works and Highways’ (DPWH) infrastructure projects to aid the agency in instituting an integrated, comprehensive flood control master plan for Metro Manila.

Yamsuan said he will realize this commitment by giving newly appointed DPWH Secretary Vince Dizon a “free hand” in reviewing all of the department’s projects in the district, which he represents in Congress.

“Ako, bilang kinatawan ng pangalawang distrito ng Parañaque, I am giving you a free hand to review all the projects in my district. Ikaw na ang bahala. Kung tingin mo nararapat ang proyekto sa aming lugar, gawin mo. Kung anong tatanggalin mo, anong idadagdag mo na sa tingin mo na makakatulong sa masterplan natin upang maibsan ang lahat ng problema ng ating bayan, gawin mo,” Yamsuan told Dizon during the briefing conducted by the House Committee on Appropriations on the proposed Fiscal Year 2026 budget of the DPWH.

(I, as the representative of the second district of Parañaque, are giving you a free hand to review all the projects in my district. I leave it all up to you. If you think the project is feasible for our area, implement it. Remove or add what you think will help our masterplan that is designed to ease the problems of our country. Do it.)

Providing Dizon the opportunity to correct and fix the deep-seated problems besetting the DPWH’s flood control projects will start in Parañaque’s 2nd district, Yamsuan stressed.

Yamsuan also thanked Dizon for continuing to set high standards in delivering clean, honest and efficient service to the people.

“Maraming, maraming salamat sa serbisyo mo sa bayan. Napakaganda ng ginagawa mo. You have inspired people. We have known each other for about three decades now and I was fortunate enough to work with you. I had a bird’s eye view on how you deal with things and how efficient you are in what you do,” Yamsuan said.

“Ako ay nagpapasalamat na ikaw ang andiyan. At least puede na kaming makatulog ng mahimbing na ikaw na ang secretary ng DPWH,” Yamsuan added.

In response, Dizon thanked Yamsuan whom he described as his “batchmate in government service.”

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you like Congressman Yamsuan’s pledge about the 2^nd district and transparency with DPWH projects within it? Do you think this development will improve the quality of construction, infrastructure and flood control in Parañaque’s 2^nd district in the years to come?

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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Las Piñas City Congressman Santos Says Zapote River Drive Narrowed Waterway and Made Flooding Worse

September 5, 2025August 29, 2025carlocarrasco

Recently in the City of Las Piñas, Congressman Mark Santos visited the Zapote River Drive and pointed out that the construction of the road made the waterway narrower and resulted in worse flooding in recent times, according to a GMA Network news report.

For the newcomers reading this, the Zapote River stretches for several kilometers and it physically separates Las Piñas City from Bacoor City (Cavite province). The Zapote River Drive itself was constructed to decongest traffic in Las Piñas City.

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

The construction of a road along the Zapote River in Las Piñas City has narrowed the waterway and worsened flooding in parts of the city, according to a lawmaker.

In Maki Pulido’s Thursday report on “24 Oras,” a resident of Barangay Zapote 2 said floodwater enters their home during heavy rains.

Due to the rains brought by the Southwest Monsoon (Habagat) in July, several areas in Las Piñas City were submerged in the ensuing floods.

According to Las Piñas Rep. Anthony Santos, there is a flood control project for the Zapote River, one of the major waterways in the city. But instead of dredging and cleaning the river, the Department of Public Works and Highways (DPWH) constructed a road alongside the river.

As a result, Santos said the river became narrower and prone to faster overflowing, causing more floods in different areas of the city.

“Malaki po ang inoccupy nito doon sa Zapote River kung saan makikita natin ngayon na medyo nabawasan yung puwang o luwang ng river na nagdudulot ngayon ng problema dito sa Las Piñas nung raw na mas malapad ito mas maraming tubig ang dumadaloy,” Santos said.

(The road occupies a larger portion of the Zapote River. The width of the river is now smaller, which is causing problems here in Las Piñas. When it was wider, more water was able to flow.)

The DPWH is currently repairing riprap after a portion of it collapsed.

“Itong river na ito, hindi dapat tinayuan para gawing kalsada. Ito po ay para linisin lang ang river, pero kita niyo ang nag initiate na predecessors ko. Conflict of interest po, very clear po dito, kasi lahat ng kalsadang dinaanan papunta sa mga lupa nila ng mga Villar kasi nagpagawa bridge papunta sa mga property nila. Ang dulo nito ay isang malaking mall na pag aari ng pamilya Villar,” Santos said.

(Roads were not supposed to be constructed alongside the river. It was intended for just cleaning the river, but look at what my predecessors did. It’s very clear that there is a conflict of interest because all the constructed roads lead to the properties of the Villars. At the end of this road is a mall owned by the Villar family.)

According to Santos, the road construction began in 2012 and now stretches to at least 10 kilometers.

Posters along Las Piñas Zapote Road indicate the road is a project by siblings and senators Mark Villar and Camille Villar-Genuino and their mother, former senator Cynthia Villar.

Santos won the congressional seat against the elder Villar during the 2025 Philippine elections.

“Wala naman pong kwestyun kung sino mag be-benefit dito e nag re-reklamo mga kababayan ko sa baha (there is no question who will benefit from this project, but the people are complaining about the floods),” Santos said.

Roads were also built alongside the city’s creeks, including Talong Creek in Barangay Pulang Dos.

According to a resident, in 2024, the retaining wall collapsed due to the volume of water and accumulated garbage in the narrower creek.

“Gumiba siya. Nag breach aming wall pinasok kami tubig. May portion pa na neck-deep. Kinakatakot namin papasok na naman tag-ulan wala na natutulog dito,” resident Elmer Pascual said, adding that their subdivision experienced flooding for the first time.

(The wall collapsed after it was breached by the water. In some areas, the floodwaters rose to neck-deep levels. We’re concerned that it might happen again during the rainy season.)

In a statement, Cynthia Villar said the Las Piñas Zapote River Drive is a flood control and traffic decongestion project to rehabilitate the Las Piñas River.

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? Have you ever traveled along the Zapote River Drive in Las Piñas City? Are you convinced that the Zapote River Drive made the river narrower and made flooding worse? Do you think the Zapote River Drive succeeded in decongesting traffic within the city? Do you live in a residential community bordering the Zapote River?

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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Las Piñas City Congressman Santos Says Over 40 DPWH Projects Lack Permits From City Government

September 3, 2025August 26, 2025carlocarrasco

Recently in the City of Las Piñas, Congressman Mark Santos revealed that more than forty projects of the Department of Public Works and Highways (DPWH) in the city lacked permits from the City Government, according to a BusinessMirror news report.

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

Las Pinas Rep. Mark Anthony Santos revealed that a total of 42 construction projects of the Department of Public Works and Highways (DPWH), amounting to millions of pesos, were found to have been carried out without the required permits.

Citing acting City Engineer Michael Aguilar, Santos said that the Las Piñas–Muntinlupa District Engineering Office, failed to secure any building permits from the city government when the projects commenced earlier this year.

Santos, citing the district office, noted that of the projects inspected, 19 have already been completed while seven are still undergoing construction. Fifteen projects with ongoing activities were promptly issued notices of violation, while one project has stopped construction after being served with the same notice.

The City Engineering Office has directed the concerned private contractors and government offices to immediately secure the required building, electrical, and plumbing permits, along with zoning and barangay clearances, the lawmaker said.

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? Do you think the mentioned projects in Las Piñas City will be able to get completed in the near future?

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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DPWH employee arrested in Alabang for stabbing a man

May 29, 2025May 27, 2025carlocarrasco

Recently in the City of Muntinlupa, local police officers apprehended an employee of the Department of Public Works and Highways (DPWH) for the stabbing of a man in Alabang, according to a Manila Bulletin news report.

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

Police arrested an employee of the Department of Public Works and Highways (DPWH) for allegedly stabbing a man outside a video bar in Barangay Alabang, Muntinlupa on May 24.

The Muntinlupa police identified the suspect as alias Negro, 41, who is accused of stabbing alias Geomar, 28, tricycle driver, using a foldable knife after they had a violent argument in front of the Rubie Touch Videoke Bar.

The witness, alias “Katrina,” immediately sought police assistance from the Alabang sub-station. The police arrested Negro. Geomar, who was injured, was brought to the Ospital ng Muntinlupa for treatment and is under medical observation.

The police turned over the suspect to the Investigation and Detective Management Section for documentation and filing of criminal charges.

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 DPWH should hold its employees accountable for causing trouble in public?

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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