economics – Page 71 – Author Carlo Carrasco

What to watch on YouTube right now

November 8, 2022November 18, 2022carlocarrasco

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 watch the following videos below…

#1 Ashleigh Burton’s Friday The 13^th Part 2 movie reaction video – I have seen many movie reaction videos about the Friday The 13^th film franchise and among the many YouTubers who published such videos, it is Ashleigh Burton (AKA Awkward Ashleigh) who stands out the most as she is the most entertaining to watch. To find out why, I recommend you watch her video reaction of Friday The 13^th Part 2 below from start to finish. Tell me what you think of the video and the presentation by Burton.

#2 Starbucks’ failure in Australia – Starbucks may be the leading coffee shop chain in the world but there are certain markets where they failed and/or have been struggling in. One notable market they could not make a big impact on is Australia. To find out why Starbucks’ reception among the many coffee-loving Australians did not turn out positively, watch the video below.

#3 KFC’s struggle in Israel – Still on food business, KFC’s struggle in Israel is quite notable and even educational to learn from. Their problem in that nation goes beyond competition. Watch this video and pay close attention to the details.

#4 The 2008 Financial Crisis and its long-lasting effects – It has been almost fifteen years since the financial meltdown of 2008 happened. Back during that time, a lot of people were worried that their savings and investments would simply vanish. While the said crisis has ended, its effects are still felt to this day in more ways than one.

#5 Unsolved Mysteries with the late Robert Stack – Unsolved Mysteries is one of my all-time favorite TV shows of all time and I am very happy to see that many episodes hosted by the late Robert Stack have been made available for free, full-length viewing on YouTube. As such, posted below are the first five episodes from Season 1 of Unsolved Mysteries for your discovery and enjoyment.

#6 The Death of Superman’s impact on comics – It has been almost thirty long years since DC Comics published the Death of Superman storyline (note: read my retro comic book reviews here and here) with the comic book Superman #75 as the climax. I remember back in late 1992, a lot of people really thought that DC Comics would not only kill the iconic superhero but also go on to publish superhero comics without his presence at all. Unsurprisingly, a lot of readers who spent so much money on the death of Superman got pissed off when DC revived the Man of Steel (preceded by the Reign of the Supermen storyline) in 1993. Superman’s death was more than just a commercial success…it had major ramifications on superhero comic book publishing in America. Watch and learn from the video below.

#7 Twitter’s history – Chances are, you must have heard about the news of Elon Musk’s takeover of social media giant Twitter as well as the changes that took effect since. There is a lot more to the history of Twitter and why Musk pushed through with taking it over. Watch and learn from the two ColdFusion videos below. By the way, how is the Twitter experience for you right now?

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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

New Manila International Airport construction in full swing

November 8, 2022November 7, 2022carlocarrasco

There is simply no stopping the improvement and expansion of infrastructure here in the Philippines. Infrastructure is indeed essential not only for the travel-related purposes of people but also for the growth of the national economy. In a recent development, the construction of the New Manila International Airport located in Bulacan province is now in full swing, according to a news article published by the Philippine News Agency (PNA).

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

The construction of the New Manila International Airport in Bulacan, some 35 kilometers north of Metro Manila, is in full swing, with Department of Transportation (DOTr) Secretary Jaime Bautista leading the inspection over the weekend.

In a news release issued Monday, the DOTr said Bautista was joined by San Miguel Corporation (SMC) president and CEO Ramon Ang and other transport officials during the inspection in the town of Bulakan.

Bautista assured stakeholders of the new international airport that the gateway will soon be open for business. Operations at the new gateway are targeted to start in 2027.

Land development works are now being done at the airport’s 1,693-hectare site.

Works on the PHP735-billion airport officially started on Sept. 18, 2019, when the government, through the DOTr, signed a concession agreement with San Miguel Aerocity Inc. (SMAI), a wholly-owned subsidiary of San Miguel Holdings Corp., and the infrastructure arm of SMC.

The DOTr and the SMAI are working together to make sure that the project complies with environmental protection requirements, particularly flood mitigation, considering the Environmental and Social Impact Assessment (ESIA) which was conducted prior to the commencement of works at the airport site.

Once built, the new international airport will be fully owned by the government under a “build-operate-transfer” program.

Once operational, the new gateway will not only help decongest the Ninoy Aquino International Airport (NAIA) as the capital’s main gateway, but will also be a “game changer” and catalyst of economic growth in Central Luzon. Phase 1 of the airport will have a capacity of 35 million passengers per annum, is expected generate more than 1 million jobs, and rake-in increased foreign direct investments and higher exports.

Under the 50-year concession agreement, SMAI will undertake the financing, design, construction, supply, completion, testing, commissioning, and operation and maintenance of the new international gateway.

Let me end this piece by asking you readers: What is your reaction to the ongoing construction of the New Manila International Airport? Do you believe that such an ambitious project will benefit Bulacan province economically? Do you think the upcoming airport will succeed in decongesting the current airports in Metro Manila? Can you imagine yourself traveling all the way from Muntinlupa City to the New Manila International Airport in Bulacan to catch a flight or pick up someone who is arriving?

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

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For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Parañaque City ranks only 19th among Highly Urbanized Cities of the nation in terms of Competitiveness according to CMCI 2022 results

October 31, 2022October 26, 2022carlocarrasco

Have you heard of the words Parañaque Renaissance? Whether it is a political slogan or the description of the supposed improvements of the city, or even the name of some food or beverage product, Parañaque Renaissance was designed to make people believe that the City of Parañaque is great and prospering.

Recently, the results of the Cities and Municipalities Competitiveness Index 2022 Rankings (CMCI 2022) were published and already there were local government units (LGUs) and provincial governments that highlighted what they achieved.

The City of Muntinlupa finished #1 among all Highly Urbanized Cities (HUCs) in the category of Resiliency while also ranking 5^th overall on Competitiveness, 4^th on Infrastructure and 10^th on Innovation. Quezon City, which is the Most Competitive among all HUCs, finished with #1 on Innovation and #2 on Infrastructure, Resiliency, Government Efficiency and Economic Dynamism. Pasay City emerged as #1 on Economic Dynamism while finished 3^rd overall on Competitiveness.

Parañaque, the city that has BF Homes and Better Living among its many residential communities within its borders, ended up with 19^th place in the category of Competitiveness among HUCs. To be clear, there are 33 HUCs all in all. Parañaque finished 10^th place on Economic Dynamism, 13^th place on Infrastructure, 16^th place on Resiliency, 23^rd place on Government Efficiency and 29^th place on Innovation. The results can viewed at https://cmci.dti.gov.ph/rankings-data.php?unit=Highly%20Urbanized%20Cities

Let me end this piece by asking you readers: If you are a Parañaque City resident, what can you say about your city’s performance in the newest CMCI study? Do you think your city became less competitive due to criminal activities (click here, here, here, here, here, here and here) or perhaps due to the COVID-19 pandemic? Do you think that your new city government officials plan to do something to make the city more competitive with other highly urbanized cities of the nation? Based on the latest CMCI results, do you consider Parañaque a great city at all?

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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COVID-19 Crisis: President Marcos declares it is time to return to pre-pandemic life

October 25, 2022October 24, 2022carlocarrasco

Life in the Philippines continues to move back to normal even though new COVID-19 cases are being recorded in the thousands daily in recent times. Still, it is notable that many millions of Filipinos have gotten fully vaccinated or boosted for COVID-19 (note: around 3.5 million received their 1^st booster shots recently) and even though the past summer saw lots of election campaign events that had many, many political supporters gathered in high numbers, no new outbreak of COVID-19 happened. There is also the growing confidence about organizing events that attract customers, sports participants and spectators and more.

In relation to what I stated above, it is significant that President Ferdinand “Bongbong” Marcos, Jr., declared to the people it is time to return to pre-pandemic life which the Philippine News Agency (PNA) reported. Take note that under Marcos, the use of face masks outdoors is now optional.

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

President Ferdinand R. Marcos on Sunday enjoined Filipinos to get back to their normal lives before the Covid-19 pandemic hit, stressing that it is crucial to show the world that the Philippines is slowly getting back on its feet.

“It is a good thing to remind people that the pandemic may have been difficult, the pandemic really put us through the wringer. But we are back,” Marcos said in a speech in Bacolod City during a luncheon just before he graced the culminating activity of the 43rd MassKara Festival.

“The pandemic is fading away. We are learning to manage it and now it is time for us to all go back to work, to all go back to our normal lives, to remind ourselves of all the opportunities that were before us before the pandemic…It is time for us to go back to all of those endeavors that we were undertaking before Covid hit,” he added.

Marcos said the MassKara Festival signaled not just the opening of Bacolod City to tourists, but also the entire country.

“It is time for us to go back and exercise once again, show once again the Filipino resilience, the Filipino resourcefulness, the Filipino industry, the Filipino talent, ipakita naman natin sa buong mundo dahil nagbubukas ang mundo, dahil nagbubukas ang Pilipinas, ito ngayon ang MassKara Festival ay isang pagdiriwang hindi lamang sa pagbubukas ng Bacolod kung hindi sa buong Pilipinas (let us show the world because the Philippines is now open, this is the MassKara festival which is a celebration of the opening of Bacolod but of the entire Philippines),” he said.

Despite the festival being borne out of “a very sad period in the history of Bacolod”, the President said it also symbolizes Filipinos’ “reemergence from a crisis.”

“..That is what we celebrate today and that is what we see that people are feeling and that is the feeling that we want to continue to encourage within our people because that is what’s going to lead us to success,” he said.

Marcos also congratulated Bacolod City Mayor Albee Benitez and event organizers for a successful holding of the festival.

Founded in October 1980 by the late Bacolod City Mayor Jose “Digoy” Montalvo Jr., the MassKara Festival was first held following two major tragedies that befell Negrenses– the collapse of sugar prices in the international market and the sinking of the Negros Navigation ship M/V Don Juan.

During the sugar crisis, artists thought of promoting mask-making as an alternative source of income for the locals.

Montalvo likewise suggested holding a mask festival to lift the spirits of the locals after the maritime accident that killed his wife, two daughters, and hundreds of Bacolod residents.

MassKara is derived from the words “mass” meaning “many” and “kara” meaning “faces,” thus calling it the Festival of Many Faces.

This year’s festival will be the first face-to-face event after two years of being suspended due to the pandemic.

The MassKara festival’s revival is significant not only with the people of Bacolod City and the province of Negros Occidental but for the nation as well. Here in the Alabang area of Muntinlupa City, the Megarahe Sale and the COPIX both attracted lots of people who searched and bought items. Still in Alabang, it was recently announced by Zonta Club of Alabang that they will be reviving their popular Christmas Carnivale Bazaar on November 25, 2022 at the Filinvest Tent. I myself attended that bazaar back in 2017 and 2018 at the said venue and it is really encouraging that it will be revived next month. These are just a few of the many signs that the Philippines is recovering from the pandemic and can move forward and progress more. Pre-pandemic economic strength will be regained eventually.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you feel encouraged by the statement of President Marcos that the pandemic is fading away and that the country can more forward more?

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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Muntinlupa City Mayor Biazon’s first 100 days report delivered

October 17, 2022October 15, 2022carlocarrasco

Recently in the progressive City of Muntinlupa, Mayor Ruffy Biazon delivered his highly anticipated first 100 days report which the Manila Bulletin reported. His report presented the achievements and developments in a categorized manner. Subsequently, the City Government posted on its official Facebook page digital copies of the mayor’s speech.

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

Muntinlupa Mayor Ruffy Biazon reported what his administration has accomplished in the first 100 days in office.

“It’s hard to believe that it has been 100 days since I took my oath of office and talked about my vision and aspirations for Muntinlupa,” he said in a speech on Oct. 14.

Since assuming office on July 1, Biazon said he has signed 37 executive orders.

Biazon came up with 7K Agenda (Kabuhayan, Kalusugan, Karunungan, Kapayapaan at Kaayusan, Kaunlaran, Kalikasan at Katarungan), the priority areas of his administration.

“Among the seven K, our priorities are Kabuhayan [Livelihood], Kalusugan [Health], and Karunungan [Education] that are important parts in bouncing back from the crisis brought about by the pandemic. Those three agendas are what we call the Pandemic Recovery Program,” he said.

Health

Biazon said under his administration, he stepped up the Covid-19 vaccination campaign in Muntinlupa.

As of Oct. 5, Muntinlupa 125.2 percent of the target population have been fully vaccinated and 49.35 percent of them have received at least one booster shot. In total, 1.24 million vaccines have been administered in the city, he said.

Under the PinasLakas vaccination campaign, the Muntinlupa City government has reached out to 20 private companies, eight private schools and 21 homeowners associations.

Biazon also focused on improving services and facilities at the city-run Ospital ng Muntinlupa. A waiting area was built for the companions of patients, who are currently not allowed to stay in rooms due to Covid-19 protocols. An urban garden was also built at the hospital for frontline healthcare workers. He said the new building at the hospital, constructed through the cooperation between him and Rep. Jaime Fresnedi, will soon be opened.

A “Super Health Center” will be established at the Barangay Putatan Main Health Center that will offer more services and longer operating hours.

Livelihood

Under Biazon’s administration, 172 micro-entrepreneurs have availed of P3.89 million zero percent interest loans through the Tulong Negosyo-Dagdag Puhunan Program.

Through online and Mega Job Fairs, the city government has offered 9,373 job vacancies and given referrals to 3,317 applicants.

A total of 1,468 disadvantaged workers were given temporary employment under the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD) program.

In addition, the SMILE Munti or Support Muntinlupa Industries and Local Entrepreneurs was launched to help promote small and new businesses in the city.

Education

The national government ordered the return of face-to-face classes. Biazon said in Muntinlupa, the “Ready & Safe” face-to-face classes in public and private schools were implemented ensuring that schools were ready to accept students.

The city government currently has 82,442 scholars and educational assistance beneficiaries.

Recently, the College of Medicine of the Pamantasan ng Lungsod ng Muntinlupa and Ospital ng Muntinlupa was opened to become the first medical school in the city. The mayor said a scholarship grant of P100,000 per year will be given to each qualified beneficiary of the College of Medicine.

To see the entire report of Manila Bulletin, click https://mb.com.ph/2022/10/15/muntinlupa-mayor-biazon-cites-accomplishments-in-first-100-days-in-office/

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to the mayor’s first 100 days report? Do you think the city is headed towards the right direction? Under the new administration, do you think the City Government’s services have improved?

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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I Love Israel: The enduring partnership of Israel and the Philippines discussed

October 14, 2022October 13, 2022carlocarrasco

Recently, the Manila Times had a virtual interview with Israel’s Ambassador to the Philippines Ilan Fluss. Content of that interview was published online by the newspaper and it sure contains lots of details about the strong ties between Israel and the Philippines.

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

The Manila Times (TMT): Could you give us an overview of Philippine-Israeli bilateral relations? What is the direction of our bilateral relations?

Ambassador Fluss: I would like first to say that I want to congratulate The Manila Times for its anniversary — 124 years is long, many years. So, congratulations.

Generally speaking, the relations are, I would say, very good and warm. Historically, we always remember 1928, the Philippines giving a safe haven to 1,300 Jewish refugees trying to escape Nazi rule where most countries, not all countries, closed the borders for refugees.

And the Philippines during the time of President [Manuel] Quezon showed the gesture of giving the message of helping those who are in need. And it is something that we appreciate very much.

And the second thing I would mention, which is very important to us historically, is 1947 when the Philippines voted in support of the establishment of the Jewish State of Israel, voted in the United Nations. This gives the foundation for the political foundation for the establishment of the State of Israel.

For this reason, until today, Filipinos do not need a visa to enter Israel and I think this is one of the reasons why we are seeing a really very good flow of people, movement of people between our two countries because it is easier with no visa.

Hopefully, when we see direct flights between our two countries, and I am very optimistic it will happen sometime next year, I think Manila-Tel Aviv will be a very busy line.

First of all, there is always a very good sense of people feeling very comfortable, very interested, very warm to each other I think it comes from similar values — the importance of family, value of family, value of charity, of helping each other, the community, I think these are the issues that we share between our societies, our two countries.

Today, we just had a JCM, the joint committee meeting, which is an annual political meeting between the Ministry of Foreign Affairs of Israel and the DFA (Department of Foreign Affairs) here. We did an overview of the relations.

And generally, things are going well between our two countries — friendly, warm, open discussions.

TMT: In terms of trade and commerce, are there new avenues that we can explore to further enhance our economic cooperation?

Ambassador Fluss: I’ll say my vision as the Israeli Ambassador to the Philippines is to create bridges of innovation and technology between our two countries, which means one side to transfer the knowledge, what we’re doing in Israel.

Because Israel is known as a global hub of innovation. I want to share this experience and to help the Philippines in creating its own system of innovation where you can have local innovation, entrepreneurship. And to support that, I’m working on both government-level and private sector, academia, and also introducing relevant Israeli technologies that can support the development process here in the Philippines.

In this regard, we had a delegation in the Philippines last week of companies in the agricultural sector who came to a big agricultural expo in Davao, which is the “food basket of the Philippines.” We participated there. I was there in Davao last week.

There is a lot of interest in Israeli technologies and this is also part of the vision and one of the main goals of the President (Ferdinand Marcos Jr.) is enhancing agricultural productivity and food security, and we are trying to support these efforts. The State of Israel is a leader in agriculture technologies.

So, for one side the economy and trade, so more business delegations. We are also looking at another delegation coming to the Philippines on the area of water. We are also planning to have an exhibition on Israeli innovation in the Philippines, which will be presented here. We have Israeli experts to talk about Israeli innovations.

During the pandemic two years ago, the Israeli Embassy expanded and we opened a trade and economic office in the embassy which shows Israel is now investing more in promoting the relations between our two countries in this sector.

To read the rest of the interview, I encourage you all to visit https://www.manilatimes.net/2022/10/11/tmt-anniversary/ph-israel-an-enduring-partnership/1861565

Ambassador Fluss confirmed that Israel-Philippines ties are in a really good state not just diplomatically but also socially and economically. This past September, it has been confirmed that the State of Israel will assist farmers in the Ilocos Region by sharing their solutions to modern agriculture which should boost the local productivity. Ambassador Fluss visited the province of Ilocos Norte for the first time and met with the officials there.

Be thankful to the Lord as Israel-Philippines ties continue to grow stronger. As such, I encourage you all to not just read Manila Times’ interview with Ambassador Fluss but also pay close attention to the many details recorded in the interview so you can have a clear view about the state of Israel-Philippines relations. That interview is a blessing from our Lord. Keep on praying to Him to have the two nations rise high strongly and stand out among all nations of this very divided world we live in. Pray to Him that no enemy will ever succeed on opposing Israel and the Philippines. The evil ones will be exposed and will fall down in due time.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful (not religious), you should be aware that Christians are meant to stand united with Israel, love the Jewish people and pray for the peace of Jerusalem. 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! Israel-Philippines ties are essential!

In ending this I Love Israel piece, posted below are Israel-related videos plus one Philippine news video 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

September 27, 2022September 25, 2022carlocarrasco

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 releases P2.26 million zero-interest loans to local entrepreneurs

September 13, 2022September 10, 2022carlocarrasco

In the progressive City of Muntinlupa, more than P2 million worth of zero-interest loans were released by the City Government to more than a hundred local entrepreneurs who collectively handle MSMEs (micro-small-medium sized enterprises), according to a Manila Bulletin news report.

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

A total of 103 owners of micro, small, and medium enterprises (MSMEs) in Muntinlupa received P2.26 million zero-interest loans from the city government on Friday, Sept. 9.

The office of the Joint Resources Financing Program held the orientation and release of loans to batches 140 and 142 of the beneficiaries of the Tulong Negosyo at the Ayala Malls South Park.

One of them is Maria Dolores Noble, a “sari-sari” store owner and “adobong mani” manufacturer from Barangay Buli who got a P150,000 loan under the program.

Tulong Negosyo caters to MSMEs and provides micro-finance assistance ranging from P2,000 up to P150,000 depending on the business capital ceiling and payment record of beneficiaries.

The program aims to provide additional capital for business expansion for aspiring and established business owners in Muntinlupa, the first LGU to introduce a micro-financing program.

The Joint Resources Financing Program thanked Mayor Ruffy Biazon for his continued support in helping the growth of small businesses in Muntinlupa.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? If you are running a micro, small or medium-sized enterprise, do you intend to avail of a zero-interest loan from the City Government?

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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Get ready for the “Build, Better, More” infrastructure program

August 24, 2022August 23, 2022carlocarrasco

If there is something highly significant done by the previous administration under former Philippine President Rodrigo Duterte that a lot of people will benefit from, it would be the “Build Build Build” infrastructure program which was designed to grow the economy, reduce poverty and solve congestion. This resulted in expansion and improvements through projects on roads, bridges, highways, airports and also water resources. For more on the impact of “Build Build Build”, click here and here.

Of course, the 6-year term of Duterte was ultimately insufficient to complete all the projects of the program (note: the incomplete ones are still continuing) and now we have a new leader with President Ferdinand “Bongbong” Marcos, Jr., who specifically mentioned infrastructure during his State of the Nation Address (SONA).

Yesterday, it was reported by the Manila Bulletin that a new infrastructure program under the Marcos administration has officially been announced as “Build, Better, More”. Other than the name, there are notable details listed which will give people a clear idea about what to expect about the continued development of Philippine infrastructure.

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

“Build, Better, More”–or BBM for short–is officially a program of the Marcos administration, and the executive branch is asking P1.196 trillion from Congress in order to fund it next year.

Department of Budget and Management (DBM) Secretary Amenah Pangandaman acknowledged during a press conference with House reporters Monday, Aug. 22 that the BBM program was an “expansion” of the previous Duterte administration’s “Build, Build, Build” infrastructure modernization initiative.

BBM is also the initials of the incumbent President Ferdinand “Bongbong” Marcos Jr.

The BBM program was listed as a “spending priority” on the DBM’s briefer on the 2023 National Expenditure Program (NEP), which the agency submitted to the House of Representatives Monday.

“A total of P1.196 trillion has been allocated for the government’s 2023 infrastructure programs,” read a statement from DBM, referring to the budget being sought from lawmakers.

“The Department of Public Works and Highways (DPWH) will receive [a] P718.4-[billion] budget in 2023, while the Department of Transportation will receive P167.1 [billion] in 2023–an increase by 120.4 percent for its P75.8-[billion] budget in 2022, which covers the augmented funding requirements for various foreign assisted railway projects,” it stated.

Pangandaman said during the presser that BBM includes “convergence programs with Department of Tourism, Department of Education, Department of Agriculture, and Department of Trade and Industry”.

“Related po doon sa Build, Better, More program natin (Related to our Build, Better, More program), which is an expansion of the Build, Build, Build program are programs po under the DOTr,” the DBM chief noted.

Among the major transportation infrastructure projects that will be implemented include the North-South Commuter Railway (costing P75.1 billion), Metro Manila Subway Project (P26.3 billion), and Light Rail Transit (LRT) Line 1 Cavite Extension Project (P2.7 billion).

Also linked to the BBM program are more specific infrastructure initiatives such as the Network Development Program (P140.4 billion), Asset Preservation Program (P88.5 billion), and Bridge Program (P38 billion).

Pangandaman said that the Network Development Program’s purpose is to “expand the connectivity and road systems across the country”. On the other hand, the Asset Preservation Program involves “maintenance, rehabilitation, and reconstruction”.

“We also have the Bridge Program po, [the] construction and maintenance and repair of bridges,” she added.

In his State of the Nation Address (SONA) last July 25, Marcos said, “The backbone of an economy is its infrastructure. The infrastructure program of the Duterte administration must not only continue but, whenever possible, be expanded. We shall confidently build on this firm foundation established by my predecessor. As it is in building an edifice, we must keep the momentum and aspire to Build Better More.”

The 2023 NEP, which is the precursor of the General Appropriations Bill (GAB) or proposed national budget, will be scrutinized first in the House of Representatives. It will eventually endorse to the Senate its GAB after they approve it on third and final reading.

Regardless of who is in-charge in the national government, I personally favor the widespread, massive development of infrastructure projects around the country. In my honest opinion, improved and expanded infrastructure will pave way for better economic growth covering vast sectors like industry, commerce, tourism, real estate, agriculture and more. The past Build, Build, Build and the new Build, Better, More are clearly more than just about solving traffic congestion. The Marcos administration now has the task of implementing the new infrastructure program which will not only improve infrastructure but also create new jobs.

Let me end this piece by asking you readers: What is your reaction to this recent development? Are you glad that President Marcos and his administration are focused on continuing the momentum of massive infrastructure development that his predecessor started? What kind infrastructure projects would you want the nation government to start working on?

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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P220 million worth of hoarded sugar seized in three raids

August 22, 2022August 19, 2022carlocarrasco

The Philippines has a big problem with regards to sugar which unsurprisingly sparked a wave of news. The three leading softdrinks makers made a joint statement about the declining supply of sugar in the country while stores and local food joints claimed they are affected by the sugar shortage. The local bakers have been affected as well.

There is, however, good news here. Recently agents of the Bureau of Customs (BOC) conducted raids which resulted in the seizure of several sacks of hoarded sugar estimated to be worth more than P200 million, according to a BusinessWorld report. Make no mistake, the government is working to solve the sugar problem.

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

CUSTOMS agents seized 44,000 sacks of hoarded sugar worth P220 million in separate raids north of Manila, the capital on Wednesday and Thursday as part of a crackdown amid rising sugar prices and tight supply.

The agents and police raided two warehouses in Bulacan province and another in Pampanga on orders of President Ferdinand R. Marcos, Jr., who is also Agriculture secretary, the Bureau of Customs (BoC) said in a statement.

“The BoC’s Pampanga sugar warehouse raid may very well serve as a warning to unscrupulous traders who are currently hoarding their stocks of sugar in order to profit from the current artificial sugar shortage situation,” Executive Secretary Victor D. Rodriguez said in a separate statement.

The government might visit more warehouses in the coming days, Press Secretary Trixie-Cruz Angeles told a news briefing.

Mr. Rodriguez earlier said the government was investigating reports that certain traders were pushing the imports of 300,000 metric tons of sugar so they could use it as a cover to release hoarded sugar, which they have not sold for fear of lowering prices.

The Sugar Regulatory Administration had authorized the imports, which Mr. Marcos later rejected. Three of the officials who signed the order have quit their jobs.

“Reports reaching the Office of the Executive Secretary said such massive importation of sugar could result in windfall profits for the traders of at least P300 million with a portion of the amount earmarked as lobby money,” Mr. Rodriguez said.

The Customs bureau is investigating reports that the Pampanga warehouse had long been smuggling sugar from Thailand, repacking and then selling it as local sugar, the presidential palace said.

Like the Pampanga warehouse, the two warehouses in Bulacan were also suspected of storing smuggled goods.

The agents also found imported corn starch from China, sacks of imported flour, plastic products, oil in plastic barrels, motorcycle parts and wheels of different brands, helmets, LED TVs and paints inside the Pampanga warehouse.

Authorities have given the warehouse owners 15 days to present import documents, the palace said.

Let me end this piece by asking you readers: What is your reaction to this recent development? Is your household or your business somehow affected by the ongoing sugar problem? How much did you pay for a kilogram of sugar recently compared to six months ago? Did you notice any sugar-related products like softdrinks, candy, ice cream and coffee lacking in supply in the local groceries and convenience stores? Was there a local coffee shop that failed to serve you a specific drink or food item because of a lack of sugar?

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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