Tag: Economy of the Philippines

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

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The economy of the Philippines slowed down even further in the 2nd quarter of 2026 landing at 2.3%, according to a news report by GMA News. Embarrassingly, this made the Philippines an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN).

By comparison, the economy of the Philippines achieved only 2.8% growth in the 1st quarter of this year. The nation’s economic growth for 2025 was at 4.4%

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

The Philippine economy continued to slow down in the second quarter of 2026, still due to a subdued investor and consumer sentiment amid the lingering effects of the flood control corruption scandal and the inflationary pressure brought by Middle East crisis-induced global fuel price shocks, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA chief and National Statistician Claire Dennis Mapa said the economy, as measured by gross domestic product (GDP)—the value of goods and services produced in a period— grew 2.3% in the April to June 2026 period, slower than the 2.8% growth seen in the first quarter of 2026.

This is the economy’s weakest footing since the fourth quarter of 2009 —excluding the contraction seen during the COVID-19 pandemic years— when the GDP growth rate was at 1.8%.

The 2.8% second quarter GDP growth put the Philippines behind its neighbors in Southeast Asia that already released their April to June economic growth rates such as Indonesia at 5.29%, Vietnam at 8.39%, and Singapore at 5.7%.

The first half of 2026 GDP growth rate stood at 2.6%, still behind the government’s downwardly revised target of 3.5% to 4.5% for the entire year.

Despite the economic slowdown, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “What we are experiencing right now, I believe, is transitory, temporary.”

“Domestic demand remained subdued, mainly because total investment continued to contract as public construction declined. Household consumption growth also moderated amid higher inflation, job losses, and lower remittance receipts arising from the Middle East conflict,” Balisacan said.

Household final consumption expenditure grew 2.8%, slower than 5.2% in the same period last year, weighed by contractions in transport (-7.5%), alcoholic beverages and tobacco (-1.9%), recreation and culture (-0.8%), and restaurants and hotels (-0.2%).

Government expenditure, likewise, slowed down by 8.3% from 8.7% year-on-year; while gross capital formation (GCF) —which measures investments— contracted by 9.2% from a growth rate of 0.9% a year ago.

The decline in GCF was due to the decline in construction at 14.8% with government spending on construction contracting 32.4%.

“Although public construction is a small part of the economy, the amount of contraction, at 32%, brought a significant impact on the economy,” Balisacan said.

“The sharp decline in public construction was the main contributor in the decline in investments… driven by continuous caution due to the flood control scandal,” the country’s chief economist said.

Among the major economic sectors, agriculture posted a growth rate of 2.7%, slower than 7% year-on-year; industry declined by 2.4%, from an increase of 2.1% weighed by the construction’s depreciation; services grew slower at 4.5% from 6.9%.

Agriculture, industry, and services sector contributed 7.5%, 27.9%, and 63.3%, respectively to the total GDP during the quarter.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will eventually fall into a recession in 2027? Do you believe that the hosting of the ASEAN summit by the Philippines will result in economic miracles and more 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 athttps://www.instagram.com/authorcarlocarrasco

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

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The Subic Bay Metropolitan Authority (SBMA) has officially launched the Swiss challenge for the P7 billion proposal for the upgrading and management of the Subic Bay International Airport (SBIA) and this opened the field for entities to submit their proposals challenging the existing proposal of Cerberus Asia Pacific Investments LLC, according to a Manila Bulletin news report.

For previous blog posts about the SBIA project, click here, here and here.

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

The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.

In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.

SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.

Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.

Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.

Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).

“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.

Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.

The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

SBMA noted that the airport’s location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.

“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.

In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.

The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.

“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.

“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.

By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.

The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.

With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be a lot of corporations locally and overseas that will submit their Subic Bay International Airport proposals to the SBMA? When was the last time you arrived at the international airport in the Subic Bay Freeport Zone?

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 athttps://www.instagram.com/authorcarlocarrasco

Philippines July 2026 Inflation Still Above Government Ceiling

Philippines July 2026 Inflation Still Above Government Ceiling

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Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

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

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?

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 athttps://www.instagram.com/authorcarlocarrasco

DTI Sees More Jobs And Investments Rising In Metro Manila Following Removal Of Ecozone Ban

DTI Sees More Jobs And Investments Rising In Metro Manila Following Removal Of Ecozone Ban

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Following the lifting of the ban on information technology economic zones in Metro Manila, the Department of Trade and Industry (DTI) expects the new investments to come in as well as new jobs to be generated, 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…

The Department of Trade and Industry (DTI) expects the information technology and business process management (IT-BPM) sector to generate more jobs and attract new investments after the lifting of the ban on IT economic zones in Metro Manila.

In a statement on Tuesday, July 28, Trade Secretary Cristina Roque welcomed the issuance of Administrative Order (AO) No. 45, which seeks to ease some of the restrictions under the broader prohibition on the processing and evaluation of applications for ecozones imposed during the previous administration.

“This major policy reform is a resounding victory for the IT-BPM sector and a decisive step forward in strengthening the Philippines’ position as a premier global destination for digital services,” the DTI chief said.

AO 45, signed by President Ferdinand Marcos Jr., excludes applications for the establishment of IT centers and IT parks from the ongoing moratorium on ecozone applications.

The order maintains the prohibition on all other ecozone applications in National Capital Region (NCR), as embodied in AO 18, issued by former President Rodrigo Duterte in 2019. The policy was implemented to encourage development and spur investments in the provinces.

With the lifting of the ban, Roque said the government is addressing long-standing investor demand from IT-BPM firms looking to open or expand in NCR while also creating more opportunities for real estate development.

“As we open new avenues for growth in Metro Manila alongside our continuous push to develop regional IT hubs, we are positioning the IT-BPM sector to generate thousands of high-quality jobs, attract foreign direct investments, and ensure economic growth nationwide,” she said.

The DTI earlier endorsed the proposal of the investment promotion agency (IPA) Philippine Economic Zone Authority (PEZA) to lift the moratorium to provide more options for companies seeking to locate in key central business districts in the capital region.

PEZA Director General Tereso Panga earlier told reporters that the ban has essentially forced firms to operate in existing ecozones, restricting their expansion plans.

“We invite our global partners and prospective investors to take full advantage of this renewed momentum and build their future here in the Philippines,” Roque said.

IT-BPM firms operate in ecozones to avail themselves of the fiscal and nonfiscal incentives provided by the government.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you consider Metro Manila suitable for the establish of new economic zones as well as the expansion of existing economic zones? Do you believe that the demand by IT-BPM firms for expansion in Metro Manila is real?

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 athttps://www.instagram.com/authorcarlocarrasco

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

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The Subic Bay Metropolitan Authority (SBMA) announced that it has released almost P220 million in revenue shares to the City Government of Olongapo and seven other local government units (LGUs).

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

The Subic Bay Metropolitan Authority (SBMA) released a total of PHP 218,115,671.26 in revenue shares to eight local government units (LGUs) contiguous to this premier freeport zone.

SBMA Chairman and Administrator Eduardo Jose L. Aliño said that this amount released on Tuesday, July 21, 2026, represents the revenue shares for the first semester of 2026, which is 10.24 percent higher than that of last year’s comparative period.

The recipient LGUs are Olongapo City, the municipalities of Subic, San Marcelino, Castillejos, and San Antonio in Zambales, and the towns of Dinalupihan, Hermosa, and Morong in Bataan.

Taking into account the population and land area, Olongapo was allocated the largest amount of PHP 50,420,165.72, received by Olongapo City Mayor Atty. Rolen Paulino, Jr. This was followed by Subic, Zambales, which received PHP 32,871,521.46, accepted on behalf of Mayor Jonathan John Khonghun.

The remaining LGUs received their allocations as follows: Dinalupihan, Bataan, with PHP 27,438,313.68, accepted on behalf of Mayor German Santos, Jr.; San Marcelino, Zambales, with PHP 26,272,445.97, received by Mayor Elvis Soria; Hermosa, Bataan, with PHP 23,422,520.27, accepted on behalf of Mayor Atty. Anne Adorable-Inton; Castillejos, Zambales, with PHP 19,817,470.23, received on behalf of Mayor Jeffrey Khonghun; Morong, Bataan, with PHP 19,340,287.10, received on behalf of Mayor Leila Linao-Muñoz; and San Antonio, Zambales, with PHP 18,532,946.83, received by Mayor Dr. Arvin Antipolo.

The LGU shares are sourced from five percent corporate taxes paid by business locators in the Subic Bay Freeport. They are distributed among LGUs based on population (50%), land area (25%), and equal sharing (25%).

OIC-Deputy Administrator for Finance Editha Marzal, along with the finance team, led the distribution of the LGU shares.

Marzal noted that the net shares distributed to the LGUs include not only the current collection period’s allocations but also the 10 percent retention withheld during the first semester of the 2024 distribution.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you see the increased amount of revenue shares as a sign of better economic activities and finances within the Subic Bay Freeport Zone? Do you think the revenue shares would be higher once the Luzon Economic Corridor (LEC) and Pax Silica activities finally start economic activities in the near future?

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

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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 athttps://www.instagram.com/authorcarlocarrasco

Time For The Philippines To Revisit Nuclear Energy Production

Time For The Philippines To Revisit Nuclear Energy Production

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During his recent State of the Nation Address (SONA), Philippine President Ferdinand “Bongbong” Marcos, Jr., declared that it is time for the nation to revisit nuclear energy production, according to a news report by GMA News.

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

President Ferdinand “Bongbong” Marcos Jr. on Monday said it is time to revisit nuclear energy production, as he touted some 200 energy projects in the pipeline in a bid to boost the country’s power supply and bring down power rates.

In his fifth State of the Nation Address (SONA), Marcos said the administration is working to revisit nuclear energy, as it is already being used in medicine, agriculture, water filtration, and the upcycling of plastic.

“Pushing the envelope further, perhaps it is time for us to revisit nuclear energy production,” he said, noting confidence in its capacity “to reinforce our energy security and bring down the cost of electricity in our country.”

“Titiyakin nating ito ay ligtas. Titiyakin din nating maipaliwanag nang mabuti sa publiko ang magandang dulot sa atin ng enerhiyang nukleyar” he added.

(We will make sure that this is safe. We will also make sure to explain the benefits of nuclear energy properly to the public.)

According to Marcos, the administration has a pipeline covering some 200 power projects across the country that will have a combined capacity of nearly 10,000 megawatts (MW) — 45 of which have already been completed, while 31 are set to be completed this year. The remaining 124 are targeted to be completed by 2028.

These are on top of 1,700 megawatts that the projects will contribute to energy storage systems, which Marcos said will boost energy security.

“Ang mga proyektong ito ay napabilis nang dahil sa mga bagong patakaran at proseso na nagpapadali ng pagnenegosyo dito sa ating bansa, para sa mga Pilipino at dayuhang negosyante,” he said.

(These projects were expedited because of the new regulations and processes that eased doing business here in the country for Filipinos and foreign investors.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the highlighting of nuclear energy production in the State of the Nation address will lead to breakthroughs for a nuclear-powered Philippines? Are people in your local community still afraid of nuclear energy? Do you think unchecked corruption inside the government of the Philippines will derail any nuclear-related efforts?

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 athttps://www.instagram.com/authorcarlocarrasco

Rockwell Raises Stake In Alabang With P6.2 Billion Deal

Rockwell Raises Stake In Alabang With P6.2 Billion Deal

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Rockwell Land Corporation – the developer of Rockwell Center in Makati – strengthened its ownership of Alabang Town Center (ATC) by sealing a P6.2 billion deal with the Madrigal family to acquire the remaining stake in the mall operator Alabang Commercial Corp. (ACC), according to a news report by the Manila Bulletin. The ATC will be redeveloped over a number of several years.

For previous developments about Rockwell and its acquisition related to ATC and ACC, click here, here and here.

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

Lopez-led Rockwell Land Corp. expanded its ownership of Alabang Town Center (ATC) to near-total control after striking a ₱6.2 billion agreement with the Madrigal family to acquire an additional 22.96 percent stake in the property’s operating entity.

In a disclosure filed with the Philippine Stock Exchange on Thursday, July 30, the property developer said it executed share purchase agreements with the majority of the remaining shareholders of Alabang Commercial Corp. (ACC)

The transaction elevates Rockwell’s total equity interest in ACC from 76.3 percent to 99.26 percent, cementing its operational dominance over the 17.5-hectare prime estate in Alabang, Muntinlupa.

The move allows Rockwell to execute an ambitious and decade-long master plan designed to modernize the suburban retail and lifestyle landmark. Following the acquisition, the company confirmed that preliminary planning is already underway. To lead the redesign, Rockwell has engaged Uruguayan-Canadian architect Carlos Ott—renowned internationally for iconic modern landmarks—alongside local architect Jun Rodriguez of PRSP.

Night-time shot of Alabang Town Center.

The immediate priorities over the next two years will center on foundational operational upgrades, specifically focusing on expanding parking capacity, optimizing traffic circulation, and recalibrating the commercial tenant mix to boost retail performance.

Over a five- to 10-year horizon, Rockwell’s broader vision aims to preserve the site’s original suburban character while modernizing the venue into a high-density, experiential lifestyle and retail hub.

The deal reinforces Rockwell’s growth trajectory in 2026, building upon operational milestones across its residential, commercial, and hospitality portfolios.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Alabang or if you usually visit the Alabang Town Center every week, what do you feel about Rockwell’s redevelopment plans of the decades-old, high-end property? Have your favorite stores or restaurants at ATC already stopped operating recently? What do you hope to see in the ATC as the redevelopment happens over the next several years? Do you think Rockwell’s presence in Alabang will alter the entire business environment in Muntinlupa City?

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 athttps://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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippines Electricity The Most Expensive In ASEAN

Philippines Electricity The Most Expensive In ASEAN

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Due to the low supply of electricity and the high demand recorded this past June, the Philippines had the most expensive electricity rates among member nations of the Association of Southeast Asian Nations (ASEAN), according to a news report by GMA News.

Be reminded that the Philippines is experiencing weak economic growth, high inflation, and has been weak when it comes to attracting foreign direct investment. Could imagine how foreign investors would react to the expensive electricity here in the Philippines?

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

The Philippines had the most expensive electricity rates among the Association of Southeast Asian Nations (ASEAN) in June due to low supply and high demand recorded during the month, the Department of Energy (DOE) reported Monday.

According to DOE Undersecretary Rowena Cristina Guevara, the country reported an average rate of P12.43 per kilowatt-hour (kWh) in June, surpassing that of Singapore by P0.093 per kilowatt-hour.

“Sa Visayas, siya talaga ‘yung pinakamahal dahil talagang may kakulangan tayo sa supply doon. Meron tayong 21 plants na naka-forced outage and therefore, dependent siya talaga sa Luzon at sa Mindanao for imported power,” she said in a virtual briefing.

(Visayas was really the most expensive because there was really a lack of supply there. There are 21 plants on forced outage, and therefore, it is really dependent on imported power from Luzon and Mindanao.)

“Alam niyo naman, naka-yellow alert sila palagi (As you know, they have been on yellow alert regularly) since May 13, and that is the one that is driving the price high for Visayas,” she added.

The Visayas grid has been on yellow alert — indicating that the operating margin is insufficient to meet the transmission grid’s contingency requirement — for several days in June, due to the continued forced outage of major coal plants in the region.

Among the outages recorded were Therma Visayas Inc. (TVI) units 1 and 2 and Panay Energy Development Corp. (PEDC).

“For the rest… Meron kasi din tayong mga matataas na demand during the summer months, and therefore we have to operate the more expensive power plants. Imbes na mag-blackout, paandarin na lang ‘yung mga medyo mahal na plant,” Guevara said.

(For the rest… Demand was also high during the summer months, and therefore, we have to operate the more expensive power plants. Instead of blackouts, we ran more expensive plants.)

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think must be done to ensure abundant electricity for the Filipinos? Are you convinced now is the time for the government of the Philippines to go all-in on nuclear power? How much was your electric bill this past June?

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 athttps://www.instagram.com/authorcarlocarrasco

America Tags Philippines With 12.5% Tariff Over Forced Labor Concerns

America Tags Philippines With 12.5% Tariff Over Forced Labor Concerns

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The Philippines, which is already experiencing slower economic growth, higher inflation and having trouble attracting foreign investment, saw its exports to the United States subject to a higher 12.5% tariff as the Trump administration is convinced that the country failed to prevent the entry of goods produced with forced labor, 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…

The country’s exports to the United States (US) are now subject to a higher 12.5-percent tariff after the Trump administration determined that the Philippines has failed to prevent the entry of goods produced with forced labor.

In a notice on Friday morning, July 24 (Philippine time), the Office of the US Trade Representative (USTR) said it is imposing a 12.5-percent tariff on the Philippines, in accordance with the directive of US President Donald Trump.

The USTR earlier included the Philippines in its investigation into the US’ top 60 trading partners as it sought to crack down on imports made with forced labor that were found to be harmful to American commerce.

In a report on the probe’s findings, the USTR said the Philippines “has failed to impose and effectively enforce a forced labor import prohibition.”

Apart from the Philippines, 40 other economies are subject to the 12.5-percent tariff.

“The US has had a forced labor import ban for nearly a century, and rigorously enforces it. It’s well past time for our trading partners to do the same,” said USTR Ambassador Jamieson Greer.

“Today’s action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere,” he added.

The USTR said it would exempt certain products from the tariff, including goods that cannot be produced in sufficient quantities or at reasonable prices in the US, and products that could cause economy-wide disruptions if they were subjected to the tariffs.

Philippine goods exempt from the 12.5-percent tariff include most of the country’s major exports to the US, including semiconductors, its top export commodity. Also exempted are agricultural commodities such as coconuts, pineapples, and bananas, as well as raw minerals such as nickel ores and concentrates.

The US remains the Philippines’ largest export market, accounting for $13.46 billion, or 15.9 percent, of the country’s total exports in 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines has been negligent on monitoring the entry of goods produced with forced labor? Does this new economic development dampen your trust in the government of 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 athttps://www.instagram.com/authorcarlocarrasco

Philippines Attracts 2.9 Million Foreign Tourists In First Half Of 2026

Philippines Attracts 2.9 Million Foreign Tourists In First Half Of 2026

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For the first half of this year, the Philippines attracted 2.9 million foreign tourists and 1.13 million of that came from the United States and South Korea combined, according to a news report by Business Mirror. The figure does not include the 260,717 overseas Filipinos or balikbayan.

When compared to its Asian neighbors’ first-half foreign tourist numbers, the Philippines is still way behind Vietnam which attracted 12.3 million and Japan which attracted 21 million.

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

MORE relaxed visa entry requirements have enabled the Philippines to attract an increasing number of foreign tourists, lifting total visitor arrivals by 5.41 percent in the first half of the year.

Data from the Department of Tourism (DOT) showed 3.16 million inbound tourists from January to June 2026, of which 2.9 million were foreign nationals and 260,717 were overseas Filipinos. The latter are described as Philippine passport holders permanently residing abroad. This year’s arrivals are 76.5 percent of the 4.13 million total in the first half of prepandemic 2019.

The DOT stressed that the data are based on e-travel records provided by the Department of Information and Communications Technology, and are not final until Bureau of Immigration records are taken into account. E-travel registration is mandatory for those arriving in the Philippines except foreign diplomats, dignitaries, foreign government officials and their delegation, visiting business executives and students  sponsored by the Philippine  government or international organizations, and their immediate family members (9e visa).

Of the total foreign nationals, which were up 6.3 percent from the 2.73 million year on year (yoy), tourists from China and India were the most improved by 64.54 percent and 43 percent, respectively. Residents from both countries have been allowed to enter the Philippines visa-free for tourism purposes for 14 days.

The top 12 source markets of visitors for the Philippines all recorded increases, except for South Korea, with long-haul markets like Germany even showing monthly increases yoy, despite the ongoing tensions in the Middle East, which had jacked up jet fuel prices.

S. Korea plunges 13.7% – The United States continues to be the top source market for the Philippines with arrivals at 581,565 in the first half of the year, an increase of some 6.9 percent from the same period in 2025. Most of the market continues to be composed of Americans of Filipino decent, or Filipino immigrants, who visit the Philippines usually during the holiday season in December and January.

Some 300 Filipino-Americans are currently in the country as part of government’s long-running Very Important Pinoy (VIP) tour, and visiting destinations other than Metro Manila such as Cebu, Dumaguete, and Siquijor.

In second place are tourists from South Korea at 552,860, slumping by 13.7 percent, yoy. This was followed by Japan at 581,565 (+6.87 percent); China at 219,796 (+64.54 percent); Australia at 174,257 (+12.3 percent); and Canada at 156,763 (+15.6 percent), another haven of Filipino immigrants. Air Canada began offering direct flights from Vancouver to Manila in April last year, while flag carrier Philippine Airlines offers nonstop flights between Manila and Vancouver, and Toronto.

Tourists from Taiwan were in seventh place at 111,134, an increase of 11.85 percent; folowed by the United Kingdom at 92,829 (+1.7 percent); Singapore at 78,069 (0.35 percent); India at 60,583 (43.03 percent); Malaysia at 53,437 (+11.5 percent); and Germany at 48,657 (+6.9 percent).

Under the General Appropriations Act of 2026, the DOT committed to attract 6.7 million foreign tourists this year.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be able to attract 6.7 million foreign tourists by the end of this year? What do you think are the three most serious problems the Philippines has when it comes to attracting foreign tourists?

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 athttps://www.instagram.com/authorcarlocarrasco