Tag: Economy of the Philippines

Philippines Gets Over 1,400 Pregnant Dairy Cattle from Australia

Philippines Gets Over 1,400 Pregnant Dairy Cattle from Australia

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In a serious attempt to boost the Philippines’ production of milk, the National Dairy Authority (NDA) resumed the importation of dairy cattle starting with receiving over one thousand and four hundred pregnant cows from Australia, according to a news report by GMA News.

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

The National Dairy Authority (NDA) resumed its importation of dairy cattle after receiving 1,419 pregnant cows from Australia to boost the country’s milk production.

“After almost three years, the NDA has resumed the importation of dairy cattle and we now have a source of good quality animals to be dispersed to farmers by way of a grant to help expand the country’s dairy herd and increase local milk production,” said NDA administrator Marcus Andaya in a statement.

“More importantly, this initiative will provide qualified farmers and cooperatives with opportunities to grow their herds, produce more milk, and strengthen their livelihoods,” he added.

The importation is composed of Holstein-Jersey, purebred Holstein, and Holstein-Jersey cross breeds, the NDA said.

The agency added that a total of 150 cattle will undergo quarantine and acclimatization at the NDA stock farm in General Tinio, Nueva Ecija, while another 150 will be assigned to Ubay, Bohol, and the remaining 1,119 heads will be stationed at the Del Monte Feed Lot in Bukidnon.

With the importation from Australia, the NDA is expecting the herd population to grow to 2,527 and contribute an estimated 5.9 million liters of milk in 2027.

This projected output is equivalent to about 20% of the targeted cattle milk production for the year, the agency said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines should import thousands more pregnant cows to boost the nation’s milk production?

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

WR Advisory Group: Philippines Very Risky for Investors

WR Advisory Group: Philippines Very Risky for Investors

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Based on its research covering a wide range of economic factors, financial readings and the public’s perception of governance, the WR Advisory Group finds the Philippines very risky for investors, according to a news report by the Manila Bulletin.

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

Investing in the Philippines is expected to be “very risky” in the coming months, driven by economic uncertainties and growing political dissatisfaction with the Marcos administration, according to professional services firm WR Advisory Group.

Based on its inaugural Philippine Political and Country Outlook Report, WR Advisory Group assigned the country a score of 10.375 out of 25, placing it at an elevated risk level with a deteriorating outlook.

WR Advisory Group President and Chief Executive Officer (CEO) Robin Michael Garcia said the score indicates that investing in the country carries heightened risk due to ongoing economic and political factors.

“You can invest, but just know that there are risks. So if you see a potential opportunity in this period, it’s going to be risky,” Garcia said in a media briefing on Thursday, Oct. 22.

Regarding the country’s economic outlook, he noted a strong possibility of stagflation, a scenario marked by simultaneous high inflation and elevated unemployment.

Garcia added that these risks are further compounded by national government debt, which reached ₱19.07 trillion at the end of July, equivalent to 66 percent of the country’s gross domestic product (GDP).

Economic growth also slowed to 2.3 percent in the second quarter, while inflows of foreign direct investment (FDI) dropped by more than 33 percent through May.

Garcia warned that stagflation is a real possibility, particularly if the government “does not pay enough attention to economic management and economic policy.”

“The more that we think about other things, the more that the attention is going everywhere, except for solving this potential scenario,” he stressed.

Much of that focus, according to Garcia, has shifted to political controversies, including the ongoing impeachment proceedings against Vice President Sara Duterte.

While clarifying that he was not questioning the validity of the impeachment, he explained that the proceedings come at a time when Congress should be prioritizing legislative reforms to address the country’s economic challenges.

“At this time, there are a lot of economic issues. Firms care more about economic legislation and economic policy rather than mere politics,” Garcia said.

He identified politically sensitive sectors, including energy, telecommunications, mining, and banking, as the most vulnerable to these heightened risks.

The report also noted that President Ferdinand Marcos Jr.’s performance ratings continue to decline, while frequent turnover in his Cabinet poses additional stability risks for businesses.

“Senate confidence also deteriorated sharply, adding institutional strain to an already weak legislative and regulatory environment,” the report stated.

These factors are accompanied by a negative assessment of national conditions, with 68 percent of Filipinos saying that the Philippines is going in the wrong direction, according to the report.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the WR Advisory Group is correct with its analysis about the Philippines being very risky for investors? Are you convinced that foreign investors are avoiding the Philippines right now? Do you think the Philippines is going towards the wrong direction now?

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

SBMA Anticipates Rising Shipments of Electric Vehicles

SBMA Anticipates Rising Shipments of Electric Vehicles

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With the increased demand for electric vehicles (EVs) here in the Philippines, the Subic Bay Metropolitan Authority (SBMA) announced that it is anticipating the increase of shipments of the said vehicles at its port.

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

The Subic Bay Metropolitan Authority (SBMA) anticipates a rise in electric vehicle (EV) shipments as Subic Bay solidifies its role in the country’s evolving automotive logistics and supply chain sector.

“With its strategic location, well-established port infrastructure, and Freeport designation, Subic Bay provides significant opportunities for businesses involved in importing, exporting, distributing, and handling electric vehicles and related components,” said SBMA Senior Deputy Administrator for Operations and Logistics, Ronnie Yambao.

Recently, the Port of Subic received a shipment comprising 80 brand-new hybrid vehicles and 20 fully electric vehicles (FEVs), marking the first delivery of a renowned EV brand to the area.

These vehicles will be distributed to the consignee’s accredited car dealers within the coming weeks. The consignee aims to increase shipments to over 500 units per week, exceeding 2,000 per month, with projected revenue of PHP 6.8 million monthly.

Strategically located in Central Luzon, Subic Bay provides access to major commercial centers, industrial zones, and transportation networks across the Philippines. Its port facilities and surrounding logistics infrastructure position it as a key gateway for international vehicle shipments, including electric passenger cars, commercial electric vehicles, electric motorcycles, and EV components.

For importers and distributors, the port offers comprehensive cargo-handling capabilities, warehousing, freight forwarding, and customs brokerage services to support the seamless movement of vehicles from overseas manufacturers to Philippine markets. The increasing interest in sustainable transportation is creating new opportunities throughout the EV supply chain. Subic Bay is well-positioned to support various business activities, including the importation of fully assembled electric vehicles from international manufacturing centers.

This growth will also bolster the distribution and warehousing sectors by providing facilities for storage, inspection, inventory management, and distribution services. Additionally, it supports commercial fleet development by facilitating the supply of electric vans, utility vehicles, buses, and other fleet applications.

Subic Freeport can further assist the EV components and battery industry by streamlining the movement of charging equipment, replacement parts, and battery-related products, subject to applicable transport and safety regulations.

“Another significant opportunity lies in re-export and regional logistics, by exploring avenues to consolidate and transfer eligible vehicle shipments to other markets, in compliance with customs and trade regulations,” Yambao added.

The EV industry in the Philippines is experiencing rapid growth. The year 2026 is being heralded as the year of EVs, driven by elevated fuel costs resulting from geopolitical conflicts in the Middle East, and strongly supported by the national government’s thrust to transition from traditional fuel-powered engines to electric vehicles.

EV sales accounted for nearly one in every four vehicles sold nationwide (24.7%) between January and August 2026, a significant increase from 12% in 2025 and just 4% in 2024.

According to the Department of Energy (DOE), 66,685 EVs were sold during the first eight months of 2026 alone. This fleet is predominantly composed of Plug-in Hybrid Electric Vehicles (PHEVs) with 29,649 units, Hybrid Electric Vehicles (HEVs) with 20,716 units, and Battery Electric Vehicles (BEVs) with 16,320 units.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the increase of incoming shipments of electric vehicles at the Subic Bay port will somehow create new business opportunities for local entrepreneurs as well as customers?

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

IMF Sees Sluggish Economic Growth for the Philippines this Year

IMF Sees Sluggish Economic Growth for the Philippines this Year

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In its latest economic assessment about the Philippines, the International Monetary Fund (IMF) said the nation’s gross domestic product (GDP) will grow by only 3.4% this year and it will end up as one of the weaker economics of Southeast Asia, according to a news report by BusinessWorld.

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

THE PHILIPPINES could post the fifth-slowest growth in Southeast Asia this year as weak investment and elevated inflation weigh on economic activity, while unemployment is expected to rise more than previously forecast, the International Monetary Fund (IMF) said.

In its latest World Economic Outlook (WEO) released on Tuesday, the IMF expects Philippine gross domestic product (GDP) to grow by 3.4% this year, slowing from the post-pandemic low of 4.4% recorded in 2025.

This puts the Philippines behind most economies in the Association of the Southeast Nations (ASEAN). Vietnam is projected to post the fastest growth at 8.4%, followed by Malaysia (5.2%), Indonesia (5.1%), Singapore (5%), Lao People’s Democratic Republic (4.5%), and Timor-Leste (4%).

The Philippines is only expected to outpace Cambodia (3%), Thailand (2.1%), Myanmar (2%), and Brunei (1.9%) this year.

Philippine economic growth remained muted this year as the Middle East war-driven energy crisis amplified the lingering effects of the flood control mess. In the second quarter, GDP grew by a new post-pandemic low of 2.3%, bringing the first-half expansion to 2.6%.

However, the IMF expects the Philippine economy to regain momentum next year, but still below its growth potential.

“The Philippines is projected to grow by 5.1% in 2027, recovering from 3.4% in 2026,” an IMF spokesperson said in an e-mail.

“This is a robust recovery — thanks to the still elevated Philippines growth potential—which allows (the) Philippines to maintain a relatively strong pace compared with many ASEAN peers next year. However, (it is) still relatively lower than its growth potential.”

If this holds, the Philippines will be the second fastest-growing economy in ASEAN in 2027, matching Indonesia and trailing only Vietnam with 7.5%.

MAIN RISKS – For the IMF, the Philippines could rebound once confidence picks up and the energy shock fades to gradually steer investments back to the country.

However, the Washington-based multilateral lender said the economy may remain below its potential until next year if the investment backdrop remains bleak and consumer prices stay elevated.

“The main risks are renewed delays in public infrastructure investment, persistently high energy and food prices, and weaker investor confidence,” the IMF spokesperson said. “Restoring public investment while strengthening governance will be key to making the recovery durable.”

Economic managers are targeting 3.5%-4.5% GDP growth this year and 5%-6% next year until 2030.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be no economic breakthroughs for the Philippines this year? What do you think the Philippines should do to attract more new foreign investments and bring down the cost of energy? Do you think hosting the ASEAN Summit this year resulted in no real economic benefits for the Philippines?

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

Philippines Targets 6.4 Million International Tourist Arrivals this Year

Philippines Targets 6.4 Million International Tourist Arrivals this Year

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The Philippines, which has been enduring economic weakness and high inflation for much of 2026, is targeting 6.4 million international visitor arrivals this year, according a news report by the Manila Bulletin.

To put things in perspective, international tourists/visitors is a reference to both foreign tourists and overseas Filipinos who arrived in the country. In 2025, the Philippines attracted 5.94 million foreign tourists and 543,000 overseas Filipinos which combine for a grand total of 6.48 million international tourists/visitors. That said, the Department of Tourism’s (DOT) target for 2026 technically the same when compared to what was achieved in 2025.

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

The Philippines expects tourist arrivals to remain flat at around 6.4 million this year amid more muted travel demand due to the ongoing fuel crisis, according to the Department of Tourism (DOT).

Tourism Secretary Dita Angara-Mathay told reporters last week that the DOT expects international visitor arrivals to remain relatively unchanged from the 6.48 million recorded last year.

“6.4 [million] is our target because I was really super anxious about the fuel crisis and the accompanying higher airline fees, as well as the lower sentiment for traveling,” Angara-Mathay said.

Even against this backdrop, Angara-Mathay said tourist arrivals remain relatively strong, having posted 3.46-percent year-on-year growth as of Oct. 6.

The latest official DOT data showed that visitor arrivals from January to August inched up by 0.8 percent to 4.42 million from 4.38 million in the same period last year.

“I was afraid that it would go down, but I don’t think that’s going to happen. I think we’ll be able to match [last year],” Angara-Mathay said.

Given the expected boost in arrivals during the holiday season, the DOT still sees room for growth this year, especially if the government approves its proposed expansion of the visa-free scheme for Chinese tourists.

The DOT is pushing to expand visa-free coverage for Chinese nationals to other gateways in hopes of opening more flights between the Philippines and China beyond Manila and Cebu.

Chinese tourists are currently allowed to enter the Philippines without a visa for stays of up to 14 days, provided they arrive through either Ninoy Aquino International Airport (NAIA) or Mactan-Cebu International Airport (MCIA).

The current arrangement has already resulted in a surge in Chinese visitors this year, with arrivals nearly doubling to 303,567 as of end-August from 156,926 a year ago.

“There is a direct correlation with taking out that friction of the visa with [increased] travel. So hopefully, everyone’s on board, unfortunately one more agency needs to be convinced,” said Angara-Mathay.

While she did not identify the agency opposing the visa-free expansion, the DOT chief emphasized that the Department of Foreign Affairs (DFA) and the Bureau of Immigration (BI) are fully on board.

The DFA authorized visa-free entry for Chinese nationals earlier this year, while BI issued the implementing guidelines.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the tourism industry of the Philippines has what it takes to attract more than enough foreign tourists and returning overseas Filipinos to exceed the DOT’s 2026 target? Do you feel uncomfortable about the Philippine government’s effort to expand visa-free coverage for Chinese nationals to other gateways? Do you prefer to see the authorities focus more on attracting more travelers from Southeast Asia and Europe? What do you think are the three biggest problems of the tourism industry of the Philippines today?

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

Wanted Chinese National Arrested in Parañaque City Over Human Trafficking Activities Connected with POGO Operations

Wanted Chinese National Arrested in Parañaque City Over Human Trafficking Activities Connected with POGO Operations

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Recently in the City of Parañaque, local law enforcers arrested a Chinese national who is wanted for human trafficking activities connected with illegal Philippine offshore gaming operator (POGO) operations, according to a news report by The Daily Tribune.

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

Chinese national Huang Mingmin, who is wanted for alleged human trafficking activities linked to illegal Philippine offshore gaming operator (POGO) operations in Central Luzon, was arrested by authorities on 9 October 2026.

The Presidential Anti-Organized Crime Commission (PAOCC) said the operation was conducted with the Criminal Investigation and Detection Group–National Capital Region Regional Field Unit (CIDG-NCR-RFU) at the K1 Center Building in Barangay Tambo, Parañaque City.

The PAOCC said sustained surveillance and intelligence-gathering efforts led authorities to the location where Huang was reportedly hiding.

Huang allegedly used multiple aliases, including “Yang Bin,” “Sy Wang” and “A Bao,” to conceal his identity and evade authorities.

According to the PAOCC, Huang had also established a presence in the local business sector, acquiring real properties and fishing vessels on Jomalig Island and maintaining business interests in several establishments in Quezon province, including Mother’s Wonderland and Sea Horizon Resort, where he was reportedly identified as an owner or stockholder.

Further investigation allegedly linked Huang to Chinese nationals who facilitated and supported illegal POGO operations in Bamban, Tarlac, and Porac, Pampanga. Authorities said his alleged connections to individuals involved in the operations warranted further investigation into his role.

Court records also identify “Yang Bin,” one of Huang’s reported aliases, among the persons in control of premises covered by Search Warrant No. 41M-M-2024, issued by the Regional Trial Court Branch 81 in Malolos City, Bulacan, in connection with an alleged violation of Article 267 of the Revised Penal Code, or serious illegal detention.

The alias was also listed in Search Warrant No. 42-M-2024 in connection with an alleged violation of Republic Act No. 9208, as amended by Republic Act No. 10364, or the Expanded Anti-Trafficking in Persons Act of 2012.

Meanwhile, the alias “A Bao” was listed among the accused with arrest warrants in cases arising from joint anti-POGO operations against Lucky South Pampanga 99 and Whirlwind in Porac, Pampanga.

The case involves qualified trafficking in persons under Criminal Case No. R-PSG-25-01737-CR, pending before the Regional Trial Court Branch 157 in Pasig City.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you convinced that Chinese nationals who committed crime and maintained activities with POGOs are currently present in the city? Are there many Chinese nationals living within your local community now? Do you think POGOs are causing scamming and human trafficking in Parañaque?

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

Muntinlupa City Earns Special Citation in 2026 Most Business-Friendly LGU Awards

Muntinlupa City Earns Special Citation in 2026 Most Business-Friendly LGU Awards

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Muntinlupa City added another prestigious honor to its record of achievements as it was cited by the Philippine Chamber of Commerce and Industry (PCCI) in the 2026 Most Business-Friendly LGU Awards, according to a news report by the Manila Bulletin.

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

Muntinlupa City has been recognized by the Philippine Chamber of Commerce and Industry (PCCI) in the 2026 Most Business-Friendly LGU Awards, its second consecutive distinction.

Mayor Ruffy Biazon accepted the recognition after Muntinlupa placed in the top five of the City Level 1A category.

“Proud to share another nakakaproud feat of our City Government, Muntinlupeños!,” Biazon said.

He noted that this year’s honor mirrors the city’s achievement last year.

“Isang malaking tagumpay ito na nagpapakita ng commitment natin sa transparent governance, streamlined services, at pagbuo ng isang thriving environment para sa investors at MSMEs (This is a major achievement that demonstrates our commitment to transparent governance, streamlined services, and creating a thriving environment for investors and MSMEs),” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted that your city was cited again in the Most Business-Friendly LGU Awards? Did you create any new businesses within Muntinlupa over the past twelve months? Do you consider Muntinlupa City ready for big-time foreign investment?

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

AMRO Slashes 2026 Philippines GDP Growth Forecast

AMRO Slashes 2026 Philippines GDP Growth Forecast

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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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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

Disappointing Economic Growth Ahead for the Philippines Until Mid-2028

Disappointing Economic Growth Ahead for the Philippines Until Mid-2028

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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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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

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

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

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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