economics – Author Carlo Carrasco

Vietnam Tourism Insiders Say Easier Entry, Stronger Connectivity and Better Tourism Services Are Needed

October 13, 2026October 6, 2026carlocarrasco

Having attracted almost eighteen million foreign tourists in the first nine months of 2026, Vietnam is clearly one of the must-visit places not only in Southeast Asia but in Asia as a whole. For some tourism insiders, however, Vietnam needs easier entry, strong connectivity by air and land and better tourism services to bridge the so-called competitiveness gap with its Southeast Asian neighbors, according to a news article by VnExpress.

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

Vietnam needs easier entry, stronger air and land connectivity, better tourism services, and stricter environmental enforcement to bridge its competitiveness gap with Southeast Asian rivals, tourism insiders have said.

The country climbed seven places to 52nd out of 110 economies in the World Economic Forum’s 2026 Travel and Tourism Development Index, its highest ranking since the Covid-19 pandemic.

But it ranked behind major Southeast Asian markets. Singapore was 13th globally, Indonesia was 23rd, Malaysia was 26th, and Thailand was 38th.

The expansion of visa-free policy for more nationalities remains an important feature of Vietnam’s strategy to develop its tourism industry.

Martin Koerner, commercial director of The Anam Group, a chain of Vietnamese luxury resorts, tells VnExpress International: “Vietnam should continue to make entry as frictionless as possible. Visa policies have improved considerably, but we should continue benchmarking ourselves against the easiest destinations in the region.”

Every additional administrative barrier matters when an international traveler can choose between Vietnam, Thailand, Malaysia, Indonesia, and other destinations, he says.

Vietnam has made it easier for foreign visitors to enter and stay in the country, including through 90-day e-visas and 45-day visa exemptions for citizens of 24 countries, including several in Europe.

But the country has not yet waived visas for some major tourism markets such as China and India, unlike Malaysia, Thailand, and the Philippines.

Vietnam also needs stronger air connectivity, with more direct flights from major cities in Europe, Australia, North America, India, and the Middle East as connections influence long-haul travelers’ destination choices, Koerner adds.

Dr Matt Kim, a lecturer in tourism and hospitality management at RMIT Vietnam, says infrastructure and accessibility require further improvement, particularly international air connectivity and transport links between destinations in the country.

Long Thanh International Airport scheduled to begin commercial operation later this year will be transformational, but an airport alone does not create a destination, he says.

Efficient connections between airports and tourism centers, better roads, rail infrastructure, and seamless domestic transportation will be equally important, he says.

He wants the tourism industry to improve service quality and develop skilled professionals.

“To compete more effectively with regional destinations such as Thailand and Singapore, Vietnam needs to improve not only its facilities, but also service standards and professional training.“

Environmental pollution is another concern, with foreign tourists frequently complaining about it despite praising Vietnam’s scenery.

Let me end this piece by asking you readers: What is your reaction to this development? Do you agree with the opinions of the tourism insiders about what Vietnam needs to do to remain competitive with its regional neighbors? If you have been to Vietnam over the past six months, how do you rate the quality of entry, tourism services, air-land connectivity and the tourism workers? With the way things are going now, do you think Vietnam will be able to attract 30 million foreign tourists in 2027 or 2028?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

AMRO Slashes 2026 Philippines GDP Growth Forecast

October 11, 2026October 6, 2026carlocarrasco

The Philippines, which is currently the host of the ASEAN Summit and is also one of the economic weaklings of Southeast Asia, is predicted by ASEAN+3 Macroeconomic Research Office (AMRO) to have slower gross domestic product (GDP) growth this year, 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…

THE Philippine economy may continue to grow below its potential through 2027 as persistent energy shocks and weak investment weigh on activity, the ASEAN+3 Macroeconomic Research Office (AMRO) said.

In its latest ASEAN+3 Regional Economic Outlook, AMRO slashed its Philippine gross domestic product (GDP) growth projections for this year to 3.3% from its July estimate of 4.1% and for 2027 to 4.6% from 5.5%.

Both forecasts are below the National Government’s growth targets of 3.5%-4.5% for 2026 and 5%-6% for 2027.

AMRO also trimmed its inflation forecast for this year to 5.6% from 5.7% previously but raised it for next year to 4.6% from 4.1% previously.

If realized, inflation will accelerate from the 1.7% clip last year and breach the central bank’s 3% target for two consecutive years.

At a press briefing on Monday, AMRO Chief Economist Dong He noted that the Middle East war-driven energy shock took a heavy toll on the Philippine economy, significantly slowing growth while fueling inflation.

“The Philippines is one of the economies that was hit harder by the energy shock,” he said. “As you recall, when the Middle East conflict took place, the government took very swift action and they introduced a national emergency. So that, I think, helped the country galvanize towards responses towards this big energy shock.”

“But of course, growth did slow down significantly and the inflation went up very quickly,” Mr. He added.

The AMRO chief economist also noted that the Philippine economy continues to be weighed down by an investment slump following the flood control corruption scandal which broke out last year.

“Now, the Philippines also have some domestic issues that they need to deal with,” Mr. He said. “Remember, there was this flood control-related issue and that significantly slowed down public investment.”

“So, the growth outlook is very dependent on how fast public investment and construction related activities can pick up,” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there really is not much the government can do to boost economic growth this year? What is your opinion about the way the current economic managers of the Philippines are handling economic matters? Would you be surprised to see the Philippine economy fall into a recession in the first half of 2028?

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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Singapore Leads Southeast Asia in Tourism Development

October 9, 2026October 3, 2026carlocarrasco

Singapore emerged as the best among the economies of Southeast Asia in the 2026 Travel and Tourism Development Index of the World Economic Forum (WEF), according to a news report of VnExpress. Globally, Singapore ranked 13^th in a field of 110 economies.

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

Singapore ranked 13th among 110 economies in the World Economic Forum’s 2026 Travel and Tourism Development Index, the highest position among ASEAN.

The city state scored 4.89 points, up 3.4 percentage points from 2024 in the biennial ranking released on Friday by the World Economic Forum, an international advocacy non-governmental organization and think tank based in Switzerland.

Indonesia ranked at 23rd, followed by Malaysia at 26th, Thailand at 38th, Vietnam at 52nd, the Philippines at 57th, and Laos at 75th.

The index measures factors and policies that enable sustainable and resilient development of tourism like business environment, safety and health conditions, price competitiveness, air transport infrastructure, ground and port infrastructure, tourist services and infrastructure, natural resources, and cultural resources.

Singapore received high scores in business environment, safety and security, travel policy and enabling conditions, and infrastructure and services.

Singapore, the second largest economy in Southeast Asia after Indonesia by nominal GDP, is known for its strict laws and low crime rates. It has earned (its) reputation as one of the safest countries in Asia.

The city-state is ramping up investment in large-scale tourism infrastructure as it seeks to strengthen its position as a leading travel and business hub in Asia.

The government announced a S$740 million (US$584 million) tourism funding package, more than twice the S$300 million allocated under the Tourism Development Fund in 2024, in May to strengthen industry resilience until 2040.

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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Disappointing Economic Growth Ahead for the Philippines Until Mid-2028

October 8, 2026October 1, 2026carlocarrasco

For Capital Economics, the economic growth of the Philippines will end up disappointing by finishing below the national government’s targets until the middle of 2028, according to a news report by the Manila Bulletin. Capital Economics also sees the inflation rate of the country reaching 5.6% this year.

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

The Philippine economy is expected to “disappoint” until the end of the Marcos Jr. administration in 2028 as the lingering effects of the energy shock, weak business confidence, tighter fiscal policy, and El Niño weigh on recovery, according to think tank Capital Economics.

In a report last Tuesday, Sept. 29, Capital Economics forecast Philippine gross domestic product (GDP) growth at just three percent in 2026, before picking up to 4.5 percent in 2027, and 5.5 percent in 2028.

Capital Economics’ forecasts for 2026 and 2027 fall short of the government’s downgraded economic growth targets of 3.5 to 4.5 percent and five to six percent, respectively, while the 2028 projection falls within the five- to six-percent target but remains below the economy’s estimated potential annual growth of about six percent.

Despite the gradual recovery, Capital Economics noted that its growth forecasts for the Philippines from 2026 through 2028 remain below consensus estimates.

“The Philippines has been among the hardest hit economies globally by the energy shock and the recovery will be sluggish,” Capital Economics said.

The think tank noted that the Philippine economy was already on weak footing, even before the global energy crisis caused by the war in the Middle East, due to the fallout from the multibillion-peso flood-control corruption scandal. As such, GDP growth slowed further to a post-pandemic low of 2.3 percent year-on-year in the second quarter.

Capital Economics also cited that the second-quarter GDP expansion was the weakest outside the Covid-19 pandemic and the global financial crisis in 2008 to 2009, while pointing to more timely indicators such as purchasing managers’ indexes (PMIs), which have provided mixed signals on economic activity in the third quarter.

The Philippine economy grew by an average of 2.6 percent during the first half of 2026, well below the government’s full-year growth target.

Capital Economics sees elevated global energy prices keeping Philippine inflation above six percent for the rest of the year, which the think tank said would dampen consumer spending.

Headline inflation eased slightly to 6.1 percent last August, but the Bangko Sentral ng Pilipinas (BSP) expects the September rate to settle within the 6.4- to 7.4-percent range, potentially accelerating amid higher oil and food prices, plus a weaker peso.

Inflation averaged 5.2 percent during the first eight months of 2026, way above the government’s two- to four-percent target band for manageable year-on-year consumer price hikes.

Capital Economics expects Philippine inflation to average 5.6 percent this year, before easing to a within-target three percent next year and 2.3 percent in 2028.

Let me end this post by asking you readers: What is your reaction to this recent development? Considering all the factors and what has happened economically over the past six months, are you convinced that there is no way to boost the nation’s economic growth this year? Do you think the government has been negligent with economic management? Do you find it ironic that as host of the ASEAN Summit, the Philippines is looking like the economic weakling of ASEAN?

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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P50-million Expansion Facility of New Asahi Group Subic Trading Corp. in Subic Bay Freeport Zone Inaugurated

October 7, 2026October 1, 2026carlocarrasco

New Asahi Group Subic Trading Corporation – a dynamic commercial vehicle dealership and direct importer specializing in reconditioned Japanese surplus trucks and other types of industrial machines – formally inaugurated its P50 million facility inside the Subic Bay Freeport Zone (SBFZ), according to the official announcement by the Subic Bay Metropolitan Authority (SBMA).

To put things in perspective, posted below is an excerpt from the official announcement. Some parts in boldface…

Reflecting the robust growth of the trucking industry within the Freeport zone, New Asahi Group Subic Trading Corp. inaugurated its PHP 50-million expansion facility at the Tipo Hightech Eco Park (THEP) on September 21, 2026.

“The Subic Bay Metropolitan Authority (SBMA) takes great pride in developments like this,” said SBMA Chairman and Administrator Eduardo Jose L. Aliño. “A Freeport’s strength lies in the enterprises that choose to invest, expand, and remain within its borders.”

Aliño noted that New Asahi Group’s decision to consolidate its expertise in sourcing, importation, reconditioning, fabrication, and after-sales support under the Apex Trucks brand, and to do so here in Subic, is a strong vote of confidence in both the Freeport and the favorable business (climate) that the SBMA diligently maintains.

The expansion spans 5,231.60 square meters within THEP and is projected to create 25 additional jobs. The facility will handle importation, exportation, transshipment, warehousing, rebuilding, and trading of trucks, buses, as well as heavy and industrial equipment.

New Asahi Group Subic Trading Corporation specializes in the dealership and importation of commercial vehicles, focusing on reconditioned Japanese trucks, heavy equipment, and industrial machinery. Operating under the Apex Trucks name, the company is involved in the import, export, transshipment, storage, rebuilding, and wholesale of trucks, buses, heavy and industrial equipment, along with new and used spare parts and accessories.

The inauguration ceremony was graced by prominent figures including SBMA Chairman Eduardo Jose L. Aliño; New Asahi Group Chairman Ahamed Mohamed Mohamed Hussain; President Shukry Hussain; CEO Riza Nazeer; SBMA Senior Deputy Administrator for Business & Investment Barney W. Lee III; and Olongapo City Mayor Atty. Rolen C. Paulino, Jr., who collectively led the ribbon-cutting.

Representatives from the Embassy of Sri Lanka in the Philippines, along with Xantheng (Subic) International Corporation (XSIC) President Simon Su and XSIC Vice-President for Operations Kelly Uy, were also in attendance.

Subic Bay Freeport Zone continues to manage a consistent inflow of truck and heavy equipment imports through its major locators.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that this expansion inside the SBFV will inspire the remaining freeport investors to maintain their operations?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Japan Tightens Guidelines for Granting Permanent Residency, To Take Effect in April 2027

October 6, 2026October 6, 2026carlocarrasco

In its latest move on reforming immigration, Japan has officially revised its guidelines for granting permanent residency to foreign nationals and these will take effect in April 2027, according to a news report by Kyodo News. Guidelines include Japanese language-proficiency and having an above-average income compared with Japanese households.

To learn about the events that preceded the new residency fees, click here, here and here.

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

Japan’s immigration agency on Thursday revised its guidelines for granting permanent residency to foreign nationals, requiring applicants to have an income above the average for Japanese households and demonstrating a certain level of projected pension benefits.

The revised guidelines, which are set to take effect in April 2027, also require applicants to demonstrate Japanese-language proficiency at the level of an “independent user.”

The income requirement will be applied retroactively to applications made from April 2026 onward, as the immigration authorities aim to ensure that foreign applicants are financially independent. The average annual income per household was around 5.75 million yen ($36,500) in 2024.

The government of Prime Minister Sanae Takaichi has been seeking to tighten regulations on the acceptance of foreign nationals. Fees for residence status applications were also hiked sharply on Thursday.

Applicants will also be required to have projected pension benefits equivalent to those payable after 30 years of enrollment in the employees’ pension program at their income level at the time they apply.

In principle, applicants must have lived in Japan for more than 10 years to qualify for permanent residency.

Previously, spouses of Japanese nationals or permanent residents could obtain permanent residency if they had been married for at least three years and had resided in Japan for at least one year.

However, the revised guidelines raise those thresholds to five years of marriage and three years of residence.

The Immigration Services Agency received around 5,000 public comments since it unveiled the draft guidelines in August.

Let me end this piece by asking you readers: What is your reaction to this development? Are you convinced that the Japanese government is executing the right moves with the revised guidelines? Do you think this latest immigration reform by Japan could inspire other nations to follow suit? What do you think could be the reasons why foreigners want to live permanently in Japan without following their rules, without paying their bills and without learning the Japanese language?

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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Strategic Partnership Between SBMA and Hellenic ASEAN Business Council Established

October 6, 2026October 1, 2026carlocarrasco

Economic cooperation and growth between the Philippines and Greece got boosted recently as a result of the Subic Bay Metropolitan Authority (SBMA) and Hellenic ASEAN Business Council (HABC) formally signing the Memorandum of Understanding (MOU) which sealed a strategic partnership, according to the official announcement by the SBMA. As of this writing, five foreign companies have expressed interest to invest within the Subic Bay Freeport Zone.

To put things in perspective, posted below is an excerpt from the official announcement. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) and the Hellenic ASEAN Business Council (HABC) have formalized a strategic partnership through a Memorandum of Understanding (MOU) to enhance economic cooperation and growth between Greece and the Philippines.

The MOU was signed on 17 September 2026 at Building 225 in Subic Bay Freeport by SBMA Chairman and Administrator Eduardo Jose L. Aliño and HABC Chairman Nick Stasinopoulos. The agreement aims to promote bilateral trade, investment, tourism, logistics, maritime cooperation, infrastructure development, and sustainable economic growth, leveraging active engagement from both private sectors and institutional partners.

This collaboration will spotlight investment opportunities within the Subic Bay Freeport Zone (SBFZ) and facilitate business matching, trade delegations, and commercial ventures in key sectors. Specific areas of focus include shipbuilding, ship repair, port operations, logistics, marine maintenance, tourism, cruise terminal development, and waterfront enhancements.

“Subic Bay has evolved into one of the Philippines’ premier investment and economic hubs,” said Aliño. “We are proud to welcome HABC and the broader Hellenic business community as partners in this promising new chapter. This agreement represents a shared commitment to fostering enduring ties that will benefit both our nations for years to come.”

Stasinopoulos emphasized the significance of the pact, noting, “Today’s signing marks a vital milestone in strengthening the relationship between Greece and the Philippines. Our partnership builds on ongoing dialogues, visits, and direct exchanges between both sides.”

Highlighting the maritime sector’s role, he added, “The synergy between our countries is undeniable — Greece is home to the world’s largest maritime communities, while the Philippines is a key contributor to the global maritime workforce. Subic Bay has emerged as a crucial maritime and economic hub, integrating port operations, logistics, manufacturing, and investment.”

The HABC chairman outlined the council’s objectives under the agreement: “We aim to facilitate greater exchanges between Greek and Philippine maritime stakeholders, identify mutual investment opportunities, foster business partnerships, and encourage the sharing of knowledge and expertise.”

Five companies have already expressed interest in investing within the SBFZ, including ERMA Tech Group, a global leader in sustainable maritime technologies specializing in decarbonization, water and wastewater treatment, and marine equipment solutions. Also among the interested investors is Fontanakis Ship Repair, a Piraeus-based Greek company specializing in ship repairs, dry-docking services, engineering studies, and yacht building and restoration.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that trade and cooperation between Greece and the Philippines will create positive economic impact in the near future? Do you think this will make the Subic Bay Freeport Zone even more attractive to 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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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Vietnam Attracts 17.7 Million Foreign Tourists in First 9 Months of 2026

October 5, 2026October 3, 2026carlocarrasco

Vietnam successfully attracted 17.7 million foreign tourists during the first nine months of 2026 having China, South Korea and Russia as their top 3 tourist markets, according to a news report by VnExpress. As it currently stands, Vietnam saw its foreign tourist count rise by 14.5% compared to the year before and it is looking more likely for the nation to exceed its 2025 overall foreign tourist count of 21.2 million by the end of this year.

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

Vietnam welcomed 17.7 million international visitors in the first nine months of 2026, up 14.5% year-on-year, bucking a decline in arrivals across several Southeast Asian destinations.

Mainland China remained Vietnam’s largest source market, with 3.95 million visitors, accounting for about 22.3% of the total. South Korea ranked second with approximately 3.05 million visitors, or 17.3%.

Russia ranked third with 1.1 million, followed by Taiwan (964,000) and the U.S. (746,000), according to the General Statistics Office.

The rest of the top 10 were Cambodia (688,000), Japan (674,000), India (670,000), the Philippines (522,000) and Australia (485,000).

In September, foreign visitors declined by 11.3% from August but rose by 16.5% year-on-year to 1.77 million.

Martin Koerner, commercial director of The Anam Group, a chain of luxury resort hotels in Vietnam, said what is particularly encouraging is Vietnam’s diversification of source markets.

European arrivals increased by more than 50%, while arrivals from markets including the United States, Australia and India also recorded strong growth. This makes Vietnam less dependent on only one or two major Asian source markets, he added.

“Vietnam is no longer seen simply as an inexpensive holiday destination. Increasingly, it is being

recognized as a destination capable of delivering sophisticated, world-class hospitality,” Koerner said.

Several Southeast Asian countries have faced declines in international arrivals amid the impact of the Middle East crisis.

Let me end this piece by asking you readers: What is your reaction to this development? Have you visited Singapore over the past twelve months? Do you think Singapore can keep innovating and improving itself on tourism development? Do you know anyone who visited Vietnam recently and mentioned positive things about their tour? How interested are you right now to visit Vietnam?

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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Department of Tourism Adjusts Strategy Toward Investment, Jobs and Connectivity

October 4, 2026September 29, 2026carlocarrasco

Remember a few years ago when the Department of Tourism (DOT) unveiled an ambitious plan to establish the Philippines as a major tourism player in Asia? A lot has changed since then as economic growth of the country has slowed down tremendously and there is not much it can do to compete with others when it comes to attracting a lot of foreign tourists. That said, the DOT under its new leader is not only doing a campaign rebrand but also a notable adjustment of its strategy toward investment, jobs and connectivity, according to a news report by The Daily Tribune.

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

The Department of Tourism (DOT) is shifting its focus beyond visitor arrivals, placing greater emphasis on investments, infrastructure, connectivity, jobs and higher tourism revenues as it seeks to build a more competitive and sustainable industry.

Tourism Secretary Dita Angara-Mathay said the agency is pursuing an investment-driven and people-centered approach as the sector continues to make a significant contribution to the economy.

The Philippine Statistics Authority (PSA) reported that tourism accounted for 8.1% of the economy in 2025, generating P2.27 trillion in Tourism Direct Gross Value Added and supporting 7.70 million jobs.

“We want to be defined as an agency that’s proactively taking the lead in tourism readiness. This means strengthening our airports and gateways, improving our physical tourism infrastructure, and expanding air connectivity, so our visitors can move seamlessly across the country,” Angara-Mathay said.

The DOT is working with the Department of Transportation and other stakeholders to expand flights and establish air and sea links with strategic and emerging markets. From January 1 to May 19, international air seats on direct inbound flights reached 7.78 million, up 8.31% from the same period in 2025.

China was among the fastest-growing markets, with 310,000 arrivals during the period, up 69.15% year-on-year. The Philippines also secured expanded air services with Türkiye, doubling Manila-Istanbul flights to 14 weekly and opening frequency rights for secondary gateways.

To attract more investment, the DOT is implementing programs focused on tourism investment readiness, intelligence, accountability and strategic investor engagement. It has also begun developing partnerships in Japan, including potential projects involving a specialty medical clinic and telecommunications infrastructure in underserved destinations.

The agency is also pushing for a larger tourism marketing budget, with about 70% of its planned 2027 marketing allocation expected to go toward digital campaigns and media placements.

At the same time, the DOT is expanding support for tourism MSMEs through partnerships with Klook, GCash, Viber, Mastercard and Visa, while strengthening accreditation, workforce training and tourism data systems.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT will be able to make the tourism sector of the Philippines more attractive towards investors and large businesses that could potentially add a lot of economic value? How many news tourism jobs do you think could be created by the middle of 2028?

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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Subic Bay International Airport Swiss Challenge Bidding Reset Again

October 3, 2026September 29, 2026carlocarrasco

The anticipated Swiss challenge bidding for the Subic Bay International Airport (SBIA) has been reset once more as the Subic Bay Metropolitan Authority (SBMA) extended again the deadline for the submission of comparative proposals as a result of making corrections on bidding parameters, according to a BusinessMirror news report.

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

The Subic Bay Metropolitan Authority (SBMA) has again extended the deadline for the submission of comparative proposals for the Subic International Airport (SIA) project after making corrections on bidding parameters for the P6.2 billion project to transform the Subic airfield into a modern high-capacity cargo and logistics hub.

In a bid bulletin, the SBMA Prequalification, Bids and Awards Committee (PBAC) said it will issue the final draft PPP (public-private partnership) contract or final bid bulletin on October 15, instead of September 29 as scheduled earlier.

Consequently, the opening of qualification documents from bidders will be held on November 16, instead of October 29, the SBMA-PBAC added.

The revised bidding schedule came about alongside corrections made by the SBMA on the bid parameters that defined the guaranteed fixed annual payment for the 25-year development contract.

The SBMA-PBAC clarified that while the base concession remittance amount submitted by the challenger for Contract Year 1 shall apply to the first seven years, the same shall be subject to an annual escalation of 1.5 percent beginning Contract Year 8 until its expiry on the 25th year.

The PBAC also clarified that the bid amount should be expressed as a fixed amount in Philippine pesos, and not as a percentage.

Following the revised bidding schedule, the SBMA also set the deadline for payment of participation fees by challengers at seven calendar days before the deadline of submission and opening of the comparative proposals. The participation fee has been set at the non-refundable amount of P1.4 million.

This was the second extension made for the bidding after the formal launch of the Swiss challenge for the Subic airport project on April 28 this year.

The SBMA opened the Subic airport project for comparative proposals, or Swiss challenge, after approving the unsolicited proposal by original proponent Cerberus Asia Pacific Investments LLC.

Cerberus Asia Pacific, a key affiliate of the New York-based alternative investment firm Cerberus Capital Management, presented its original proposal to the SBMA on March 26 last year.

The project includes the rehabilitation and comprehensive upgrading of existing facilities to restore them to full operational condition; operational and infrastructural improvements to enhance airport safety and regulatory compliance; and development of new airport infrastructure and acquisition of equipment to expand airport capacity, improve operational efficiency, and support new service offerings.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the corrections made by the SBMA will turn out final and legally sound so that the bidding can finally push through?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

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

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