Tag: economic dynamism

I Love Israel: Israel attracted 2.675 million tourist entries generating 13.5 billion shekels in tourism revenue for 2022

I Love Israel: Israel attracted 2.675 million tourist entries generating 13.5 billion shekels in tourism revenue for 2022

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The tourism numbers for the State of Israel covering the calendar year of 2022 have been finalized. Israel’s Ministry of Tourism confirmed that the state attracted a total of 2.675 million tourist entries which generated tourism revenue worth 13.5 billion shekels (US$3.8 billion). The Jerusalem Post confirmed the tourist entries figure as well. Take note that Israel opened its borders to international travelers in March 2022 and very clearly their tourism industry is bouncing back strongly which is good for their economy. The above reported figures are the best since 2019 (the record year of tourism in Israel).

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

In 2022, 2.675 million tourist entries were recorded (as opposed to only 397,000 in 2021 and 831,000 in 2020). The skies in Israel were opened officially to incoming tourism in March 2022 and only three months later, in May, without any restrictions. Incoming tourism to Israel in 2022 is about 41% lower than 2019, a record year for incoming tourism. Revenue from incoming tourism stands at about NIS 13.5 billion (not including cost of flights) as opposed to about NIS 23 billion in 2019.

The Ministry of Tourism notes that there are a number of factors that have affected tourist entries in this recovery year: tourists plan their trips far in advance, and Israel opened for incoming tourism later than similar destinations in the area and Europe. Therefore, Israel’s recovery rate from the crisis is slightly lower than the global average of about 36% decrease in the volume of incoming tourism relative to 2019.

However, a renewed growth in tourism can be seen. In December 2022, 266,200 tourist entries were recorded (compared with 20,500 in December 2021 and 358,300 in December 2019)  – a decrease of about 25% (only) in relation to December 2019.

Very clearly, Israel continues to rise with its tourism industry as their nation keeps on persevering with recovering from the depression that came with the COVID-19 crisis a few years back. Considering what was achieved in 2022 in terms of attracting visitors from overseas, further growth this year should not be surprising. There are many millions of people around the world who are eager to visit Israel and spend time at the many holy sites in relation to their faith. For insight about the recovery and growth of tourism in Israel, watch the videos below…

Be thankful to God that the State of Israel is recovering strongly from the COVID-19 crisis. Thank Him for the big rebound of tourism Israel is having right now. Be thankful to Him as many millions of people around the world who believe and follow Lord Jesus will have opportunities to visit the Holy Land to deepen their faith in Him even more.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful, you should be aware that Christians are meant to stand united with Israel and love the Jewish people no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus! Always stand in support of Israel, the land that God designated to the Jewish people (read Genesis 35:10-12)!

In ending this I Love Israel piece, posted below are Israel-related videos for your viewing pleasure and enlightenment.

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COVID-19 Crisis: President Marcos says the economy of the Philippines will go beyond pre-pandemic level

COVID-19 Crisis: President Marcos says the economy of the Philippines will go beyond pre-pandemic level

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Things are looking bleak economically. Recently the Philippine Peso reached another record low to the United States Dollar on the foreign exchange market. The local stock market lost a lot of points as well. Regardless, President Ferdinand “Bongbong” Marcos stated that the economy of the Philippines will not just recover but grow higher than what was achieved before the COVID-19 crisis affected everyone, according to a Philippine News Agency (PNA) article.

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

The Philippine economy will go beyond its pre-pandemic growth, President Ferdinand Marcos Jr. said Friday (Manila time), as he confidently talked about progress amid the coronavirus disease 2019 (Covid-19) pandemic.

During his meeting with members of Asia Society at The Carlyle Hotel in New York City, Marcos said his administration has laid out measures that will help reinvigorate the economy.

“We don’t want to just catch up. We want to go beyond that. We have no interest in going back to pre-pandemic levels. What we are interested in is to flourish further and to position the Philippines in such a way that we can take full advantage of the new economies and the new industries that have come to light,” Marcos said in his speech.

Sustained cooperation and collaboration with the private sector and other governments would lead to the realization of his administration’s bid to make the Philippines a new and transformed country, the President said.

He said the Philippines is a “viable and smart” investment destination, given its macroeconomic fundamentals, enabling policies, and human capital.

“They recognize the Philippines, our country, for its business-friendly policies, a very competent workforce, and a network of economic zones,” he said. “These are interesting times and there are many things to accomplish. The far-reaching ill-effects of the pandemic compel us to reinvigorate our economies in a spirit of sustained cooperation and collaboration.”

Marcos noted that the Philippine economy expanded by 5.7 percent in 2021 and 7.8 percent in the first half of 2021 because of government spending, household consumption, and investments reinforced by consumer and business confidence.

He also cited “investor-friendly” laws that seek to “leverage game-changing reforms.”

Marcos told the group about the “young, educated, hardworking, and English-speaking” Philippine workforce that is globally competitive.

He expressed hope to get more investments for his administration’s priority sectors, which include agriculture; nuclear energy; health systems; information technology and business process management; digital connectivity; and manufacturing, including the critical sectors of semiconductors, green metals, and electric vehicles.

“We must use public and private resources effectively to encourage the expansion of trade, investment, technology transfers, all to accelerate our development,” Marcos said.

Despite the challenges caused by the Covid-19 pandemic and the global economic crisis, Marcos said the Philippines remains on track to “graduate to upper middle-income-country status” by 2023 and become a “high-income country” by 2040.

“With steady investments in infrastructure, agriculture, food security, public health, education, and other social services, we seek to become a high-income country, with zero extreme poverty by the year 2040,” he said.

“Certainly, the world continues to be faced by enormous challenges, but I am confident in the future because I have 110 million reasons for being so. Such is my faith in the Filipino people and the relationship we hold with the United States and our other allies and partners and friends,” Marcos added.

Asia Society is a nonpartisan, nonprofit organization that works to build bridges of understanding between the East and West.

Let me end this by asking you readers: What is your reaction to this latest development? Are you eager to see the socio-economic plans of the Marcos administration to be implemented as soon as possible so that the national economy will be reinvigorated? Do you think that the pandemic  may have opened up new opportunities for business innovations and e-commerce to transpire nationwide?

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 and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. 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/.

Muntinlupa City declared the Most Resilient among all Highly Urbanized Cities

Muntinlupa City declared the Most Resilient among all Highly Urbanized Cities

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The progressive City of Muntinlupa continued to make waves around the nation as the Department of Trade and Industry (DTI) formally recognized it for achieving 1st place in the category of resiliency among all the Highly Urbanized Cities (HUCs) of the nation based on the results of the 2021 Cities and Municipalities Competitiveness Index (CMCI), the Manila Bulletin reported. The plaque of recognition was received by the City Government.

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

The Department of Trade and Industry (DTI) awarded the Muntinlupa city government a plaque of recognition on Wednesday, June 29, for ranking No. 1 in resiliency among all highly-urbanized cities (HUCs) in the country under the 2021 Cities and Municipalities Competitiveness Index (CMCI).

According to the CMCI website, “local competitiveness is how a city or municipality knows its resources and how it uses these to improve its standard of living.”

Outgoing Mayor and congressman-elect Jaime Fresnedi received the plaque of recognition from DTI Competitiveness Bureau Director Lilian Salonga.

Muntinlupa topped the resilience pillar of CMCI for two consecutive years. The resiliency pillar ranking is based on annual disaster drill, budget for disaster risk reduction and management plan, disaster risk reduction plan, emergency infrastructure, employed population, early warning system, local risk assessments, land use plan, sanitary system and utilities.

Also joining the program were City Administrator Allan Cachuela, Business Permits and Licensing Office executives led by Eli Hilapo, City Planning and Development Office acting chief Alvin Veron, International Relations Officer James Arriola, National Quality and Competitiveness Division chief Ma. Sheryl Santos, and DTI-NCRO Area 2 Division Chief Rowena D.B. San Jose.

The DTI, through the National Competitiveness Council, conducts the annual CMCI, which ranks local government units in the country based on four pillars: economic dynamism, government efficiency, infrastructure, and resiliency.

In the 2021 rankings for highly-urbanized cities in the country, defined as LGUs with at least 200,000 population and latest annual income of at least P50 million, Muntinlupa ranked first with a score of 20.68.

In the overall CMCI rankings for HUCs in the country, Muntinlupa placed fifth with a score of 48.

The above article ended stating that Muntinlupa ranked 5th in Infrastructure, 7th in Government Efficiency and 19th in Economic Dynamism based on the findings of the 2021 CMCI.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Are you happy with what Muntinlupa City achieved according to the 2021 CMCI results?

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 and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco/

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