economy – Author Carlo Carrasco

Vietnam Attracts Almost 16 Million Foreign Tourists in First 8 Months of 2026

September 10, 2026September 4, 2026carlocarrasco

The tourism boom in Vietnam continued strongly as the nation successfully attracted almost sixteen million foreign tourists during the first eight months of 2026, according to a news report by VnExpress.

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

Vietnam welcomed nearly 2 million international visitors in August, up 19.7% from July and 18.4% year-on-year, according to the Vietnam National Authority of Tourism.

In the first eight months of this year, the country received nearly 16 million foreign visitors, an increase of 14.4% from the same period in 2025 and equivalent to 63.6% of the full-year target.

The August figure is notable as the month is usually considered part of the low season for international tourism.

The result shows that the country’s tourism market continued to maintain and expand its appeal. Air travel remained the main mode of entry, accounting for 83% of international arrivals, while arrivals by road continued to increase, particularly from neighboring countries.

By region, Asia was still Vietnam’s largest source market, with about 11.8 million visitors in the eight-month period, making up nearly 74% of the total and increasing 7.4% year-on-year.

Europe recorded the strongest growth among major regions, at 53.4%, with about 2.68 million visitors.

Arrivals from the Americas reached around 887,000, up 20.7%, while those from Oceania rose 23.3% to nearly 489,000. Africa sent about 45,000 visitors to Vietnam, up 25.1%.

The tourism authority said the figures show that Vietnam is expanding its reach beyond nearby Asian markets, with strong growth from long-haul markets, helping diversify the visitor base and reduce dependence on individual markets.

By country, China remained Vietnam’s largest source market, with 3.54 million visitors, accounting for about 22.3% of the total. South Korea ranked second with approximately 2.76 million visitors, or 17.3%. Together, the two markets provided more than 6.3 million visitors, nearly 40% of the country’s total.

Russia ranked third with more than 1 million visitors, representing a year-on-year increase of about 165.7%, the highest growth among major source markets.

Other key markets also posted strong growth. Visitors from the U.S. increased 20.4%, Cambodia 41.5%, Japan 9.2%, the Philippines 58.8% and Australia 23.3%.

European markets continued to perform well, with arrivals from the U.K. rising 9.8%, France 13.4%, Germany 15.1%, Sweden 25.1%, Switzerland 27%, Poland 51.2% and the Czech Republic 28.2%. In Southeast Asia, tourists from Malaysia grew 20.5%, Singapore 31.7%, and Indonesia 26.7%.

India was another fast-growing market. The number of Indian visitors rose from just 102,000 in 2019 to more than 612,000 in the first eight months of 2026.

The expansion of direct air services between major Indian cities and Hanoi, Ho Chi Minh City, and Da Nang has helped make Vietnam more accessible to Indian travelers.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Vietnam can attract at least 25 million foreign tourists by the end of this year? If you plan to visit Vietnam soon, what are your three main reasons for visiting?

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 GDP Growth Unlikely To Reach 6% In Medium Term

September 6, 2026September 1, 2026carlocarrasco

Several economic factors and the continued vulnerability to climate-driven shocks make it unlikely for the Philippines to achieve gross domestic product (GDP) growth of 6% in the medium term, according to a news report by BusinessWorld citing Moody’s Ratings.

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

MOODY’S RATINGS said the Philippines’ medium-term growth outlook seems bleak as its slow investment recovery and vulnerability to climate-driven shocks may derail its economic rebound.

In a statement following its latest rating action on the Philippines, the debt watcher said the country’s gross domestic product (GDP) growth is expected to hover below its pre-pandemic level of around 6% over the medium term.

“The Philippines’ medium-term growth will continue to be underpinned by favorable demographics, resilient remittances and service exports, and a gradual strengthening of investment as confidence recovers, with electronics and other goods exports providing a more marginal offset,” Moody’s Ratings said late on Monday.

“Even so, we expect medium-term potential to settle somewhat below the near-6% pace recorded before the pandemic, as investment recovers only gradually and the economy remains exposed to recurrent natural disasters and climate-related shocks,” it added.

Moody’s slashed its Philippine GDP growth forecast for this year to 3.6% from 5.5%. This falls near the bottom end of the government’s 3.5%-4.5% target for the year.

In the second quarter, GDP growth tumbled to a new post-pandemic low of 2.3%, bringing average growth to 2.6% in the first half.

The fourth consecutive quarter of slowing growth came as investments continued to reel from last year’s flood control corruption scandal, while rising prices amid the Middle East war squeezed household spending.

Moody’s Ratings noted that the Middle East war shocks and investment slump are “largely cyclical,” with an investment-driven recovery expected later this year.

“The recovery from the second half of 2026 should be led by a rebound in public investment as the government resumes stalled disbursements and normalizes spending execution,” it said.

Moody’s Ratings said that local investments should focus on public infrastructure and public-private partnerships, especially in renewable energy “as the country diversifies its energy mix in response to the recent shock.”

The government’s recent reforms should also eventually boost investment and productivity as their benefits are realized, the debt watcher said.

These include the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act, foreign investment liberalization, and allowing more private and foreign participation in sectors such as renewable energy.

By 2027, Moody’s Ratings expects GDP to expand by 5.3%, although still slower than its previous estimate of 5.6%.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the economy of the Philippines really does not have enough strength to achieve 6% GDP growth anytime soon? Do you think the current economic managers know what they are doing? Do you think there will absolutely be no economic gains from the Philippines’ hosting of the 2026 ASEAN Summit?

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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Thailand’s 2026 Tourism Revenue Reaches $29.8 Billion as of August 22

September 5, 2026September 1, 2026carlocarrasco

Thailand, one of the leaders of tourism in Southeast Asia, saw its 2026 tourism revenue reach almost $30 billion as of August 22 and it has also attracted over twenty million foreign tourists along the way, according to a report by VnExpress.

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

Thailand, Southeast Asia’s second-most visited country after Malaysia, recorded tourism revenue of 984.32 billion baht (US$29.8 billion) between Jan. 1 and Aug. 22, down 2.9% year-on-year, amid a slowdown in tourist arrivals.

The top five sources of tourists contributing to this revenue were China, Malaysia, India, Russia, and South Korea, Nation Thailand reported.

The tourism-dependent country welcomed 20.32 million international visitors during the period, down 2.96% from the same period last year.

Once a tourism powerhouse in Southeast Asia, Thailand has faced a slowdown in foreign arrivals since last year amid growing concerns over kidnapping and visitor safety.

Safety concerns have intensified following the deaths of two Russian tourists and three members of a Thai family in Chon Buri Province earlier this month, Bangkok Post reported.

The recent kidnapping of a Chinese tourist, who managed to escape before being taken across the border into Myanmar, has renewed concerns over the safety of foreign visitors.

The Thai government has cut its forecast for Chinese arrivals in 2026 from 9 million to 7 million.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Thailand’s tourism can somehow attract more foreign tourists and at least match their 2025 numbers? Do you consider Thailand a very safe place for foreigners? If you have visited Thailand before, did you get good value in return on your spending there?

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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Full Lifting of Import Ban on US Fresh Potatoes Could Happen in Japan

September 4, 2026September 4, 2026carlocarrasco

The Ministry of Agriculture in Japan is advancing procedures that could lead to the full lifting of the import ban on fresh potatoes from the United States as a crucial briefing will happen this month, according to a news article by Jiji Press.

This is the latest development about US fresh potatoes following the authorities’ response to an official request from Washington. It has officially been documented that the production of fresh potatoes in Japan reached 2,236,458.75 metric tons in 2024 which pales in comparison with the 4.1 million metric tons achieved in 1986.

To put things in perspective, posted below is the entire news article of Jiji Press. Some parts in boldface…

Japan is advancing procedures that could lead to the full lifting of its ban on imports of fresh potatoes from the United States, even as concerns persist about quarantine issues and the impact on Japanese farmers’ livelihoods.

Last Friday, the agriculture ministry announced that it would hold a briefing this month on pests and diseases identified as possibly posing a threat to domestic agriculture if they arrive in the country on potatoes. It plans to then begin considering specific quarantine measures before making a final decision on whether to allow imports.

While lifting the import ban could take several years, many are wary about allowing potatoes from the United States, one of the world’s biggest producers.

“We will approach the discussions with resolve,” agriculture minister Norikazu Suzuki told a press conference Friday.

Japan in principle bans imports of fresh potatoes to prevent pest infestations. However, an exemption to the ban was granted in 2006 for U.S. potatoes used to make potato chips.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think chances are good that Japan will lift the ban on the importation of fresh potatoes from the United States? Do you think having more American fresh potatoes in the Japan market will seriously disrupt the livelihoods of Japanese farmers? Do you think Japan’s farmers have what it takes to significantly boost potato production by hundreds of thousands in metric tons per year in the short term?

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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Philippines 2026 Foreign Tourist Arrivals Reach 4.11 Million as of August, U.S. and South Korea Remain Top Markets

September 3, 2026September 2, 2026carlocarrasco

With the Peso performing terribly in the global currency market, weakening economic growth, high inflation and fears of an economic recession growing, 2026 has not been good for the Philippines. There is a bright spot in tourism, however, as the Philippines saw its 2026 foreign tourist arrivals reach 4.11 million in the January-August period and the United States and South Korea combined for more than 1.5 million tourist arrivals, according to a news article by the Philippine News Agency (PNA).

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

The Philippines has recorded 4.11 million foreign arrivals from January to August, higher by 3.7 percent compared to the same period last year, the Department of Tourism (DOT) said on Tuesday.

The United States posted the highest number of share at 818,318, followed by South Korea at 727,379, Japan at 350,191, China at 310,088, and Australia at 234,156.

Also making it in the top 10 source markets are Canada with 231,972, Taiwan with 154,957, the United Kingdom with 132,370, Singapore with 126,812, and India with 77,883.

Tourism Secretary Dita Angara-Mathay said the Philippines targets to surpass its 2025 arrival figures to reach between 6.4 million and 6.8 million, or at least 7 million, by the end of 2026.

To achieve this, she said the DOT is intensifying its branding and promotions to reach more tourists in its key source markets.

The DOT is also in active talks with airlines to open up and establish more chartered flights between the Philippines and secondary cities of Korea and China.

DOT Assistant Secretary Ren Sapitan said the agency is also set to sign a contract with a creative agency in November to broaden the country’s marketing efforts and make the Philippines more visible worldwide.

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 exceed the 2025 foreign tourist arrivals number by the end of this year? Do you think the DOT is doing a good job to strengthen the Philippines’ attraction of foreign tourists? Considering the Top 10 markets of foreign tourists the Philippines attracted so far, are you convinced that the nation’s hosting of the Association of Southeast Asian Nations (ASEAN) Summit did not create any positive tourism results?

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

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Japan and America Agree to Intensify Cooperation in Space Transport Business

September 3, 2026September 2, 2026carlocarrasco

In due time, space will be the new frontier of engaging in business and the transportation of people, cargo and the different forms of hardware. That said, the United States and Japan are moving towards that new frontier as they signed the memorandum of cooperation on space transportation business, according to news report by Kyodo News.

To put things in perspective, posted below is the entire news report of Kyodo News. Some parts in boldface…

Japan and the United States have agreed to further enhance cooperation in the space transportation business by standardizing part of the review procedures when Japanese firms launch rockets from U.S. sites and vice versa, Japan’s Cabinet Office said Tuesday.

Japan’s National Space Policy Secretariat and the U.S. Federal Aviation Administration signed a memorandum of cooperation on Monday, also aimed at streamlining regulations and intensifying information sharing.

“We would like to build a system adaptable to space business, which is widely expanding in a variety of forms,” said Takatsugu Ryuzaki, director general of the secretariat in charge of the country’s space development and utilization, after the signing.

With several spaceport projects underway in Japan, including in Kochi and Oita prefectures, the two sides will discuss guidelines for space business operators setting out specific requirements for spaceports.

In addition to rocket launches, the two security allies are considering connecting Japanese and U.S. cities via suborbital flights at an altitude of around 100 kilometers.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think this new agreement by Japan and America will lead to breakthroughs of space transportation business within your lifetime? Do you think other nations will follow the standards of America and Japan on space business? Does your country have any existing spaceports?

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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Births in Japan Grow for the First Time in 11 Years

September 3, 2026August 31, 2026carlocarrasco

For the first time in eleven years, the number of children born in Japan grew at last with a 0.8 rise covering the first half of 2026, according to a news article by Kyodo News. 342,068 children were born in the January-June 2026 period and the figure includes births to foreign nationals.

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

The number of children born in Japan in the first six months of 2026 rose 0.8 percent from a year earlier to 342,068, marking the first increase for the January-June period in 11 years, health ministry data showed Friday.

The figure, which includes births to foreign nationals, marks an increase of 2,788 from the same period in 2025, according to data released by the Ministry of Health, Labor and Welfare.

Japan has seen births declining since 1973, when 2.09 million babies were born in the middle of the country’s second baby boom.

The recent rise in births comes as the number of marriages recovered in 2024 and 2025, a key factor influencing births.

The number of marriages in 2025, including those involving foreign nationals, rose 1.1 percent from the previous year to about 505,000, marking the second straight annual increase. In the first half of 2026, the number of couples tying the knot rose 0.2 percent from a year earlier to 238,979.

Still, some projections suggest births will remain on a long-term downward trend due to Japan’s shrinking population of people of childbearing age and an increase in those delaying or choosing not to marry.

Births increased in 26 prefectures, with Tokyo posting the largest increase of 2,278, followed by Aichi at 517 and Fukuoka at 438. Among the remaining 21 prefectures that saw declines, Ishikawa Prefecture recorded the largest decrease, at 360.

In the six-month period from January, the number of deaths fell 6.9 percent to 778,982, resulting in a natural population decline of 436,914.

The number of births in 2025 fell to 705,000, marking a record low for the 10th consecutive year, prompting calls to expand support for those who wish to marry and have children.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think there is still hope for another increase in the number of children born in Japan in the near future? Do you think the government and the private sector can work together on solving the population decline of Japan without depending on immigrants?

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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Venezuela’s Acting President Thanks Trump and Rubio for Oil Deal

September 2, 2026September 1, 2026carlocarrasco

The United States and Venezuela signed a major deal regarding oil and Venezuelan Acting President Delcy Rodriguez is thankful to President Donald J. Trump and State Secretary Marco Rubio for it, according to a news report by Newsmax.

To put things in perspective, posted below is an excerpt of Newsmax’s report. Some parts in boldface…

Venezuelan acting President Delcy Rodriguez thanked President Donald Trump and Secretary of State Marco Rubio for the oil agreement between the two countries.

The deal drew rave reviews from conservatives and criticism from Democrats.

“That is why we chose the path of diplomacy with the United States of America, to transform our differences into cooperation. And that cooperation into investment, production, well-being, and concrete results for Venezuelans,” Rodriguez said in a televised address Saturday.

“I thank President Donald Trump, Secretary Rubio, and his government for the efforts made by both their administration and ours, as well as the entire Venezuelan team that dedicated their time to reaching this agreement,” she said.

Rodriguez said the pact would run 25 years and target production of more than 1.5 million barrels a day.

She said Venezuela would receive about $19 a barrel, which could generate more than $209 billion for the state.

“It’s no use having our oil reserves underground just so they appear in a statistic or an accounting record and we can say we’re the country with the world’s largest reserves when we can’t convert them into development for Venezuela,” she said.

“Our reserves must be transformed into well-being, prosperity, and happiness for this country and enable us to restore our productive capacity so that we can establish ourselves as an energy and manufacturing powerhouse.“

Rodriguez added that the change would strengthen energy security in the Western Hemisphere and promote greater stability and balance in global energy markets.

Trump announced the agreement Friday, calling it “THE BIGGEST OIL DEAL IN WORLD HISTORY!”

It covers 65 billion barrels of proven reserves across 17 fields, with the U.S. receiving 55% of output, including an ownership stake.

The White House has described 100-year development rights, a term Rodriguez did not repeat.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US-Venezuela oil deal will be beneficial for both nations? Do you think the deal will help America economically in the long run? What is your view of Venezuela since the dictator Nicolas Maduro was removed by America?

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

Moody’s Analytics Cuts Philippines 2026 GDP Growth Forecast to 3%

September 1, 2026August 27, 2026carlocarrasco

By citing key factors like weak consumption, Middle East oil shock and the collapse in private investment, Moody’s Analytics officially slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 3%, 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…

MOODY’S ANALYTICS slashed its 2026 growth forecast for the Philippines, amid weak consumption and a collapse in private investment.

In its latest Asia-Pacific Outlook report dated Aug. 24, the analytics firm said it now sees Philippine gross domestic product (GDP) expanding by 3% this year, slower than its 4% projection in June.

“We lowered our 2026 GDP growth forecast to 3% from 4% in the June vintage after incorporating the second-quarter GDP result, which was far weaker than expected,” Moody’s Analytics Assistant Director and Economist Sarah Tan said in an e-mailed reply to questions.

The Philippine economy slumped to its worst post-pandemic growth of 2.3% in the April-to-June period, as investments and public construction continued to reel from last year’s flood control corruption scandal. Rising prices from the Middle East war-driven oil shock also strained household spending.

“The economy expanded by just 2.3% year on year, with private consumption showing notable weakness and private investment collapsing,” Ms. Tan noted. “This points to softer underlying domestic demand than we had previously anticipated.”

As of the first half of 2026, the country’s GDP growth averaged 2.6%, well below the government’s 3.5%-4.5% full-year target.

If Moody’s Analytics’ forecast holds true, the government will miss its growth target for a fourth year in a row. The economy would also further soften from last year’s post-pandemic low growth of 4.4%.

Economists earlier said that reaching even the bottom end of the government’s target entails a steep climb, as it means the economy must grow by at least 4.4% in the second half.

Moody’s Analytics sees growth recovering over the next two years to 4.6% in 2027 and 5.1% in 2028. The government wants full-year expansion to be between 5% and 6% from 2027 to 2030.

Meanwhile, GlobalSource Partners Country Analyst Diwa C. Guinigundo noted that the Philippines could face a more complicated path toward fiscal consolidation if growth remains below potential.

“Slower growth would make fiscal consolidation and debt reduction more difficult,” he said in a Viber message. “The issue is not simply that government revenues would grow more slowly; a weaker economy also means a smaller denominator for the debt-to-GDP ratio.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think 2026 will end up as a very disappointing year of economic growth for the Philippines? Do you think the economy of the Philippines could still fall into a recession in 2027 or in the first half of 2028? Are you convinced that the Philippines has nothing to gain economically from hosting the ASEAN Summit?

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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Two Foreigners Arrested over Tokyo Luxury Watch Theft

August 30, 2026August 28, 2026carlocarrasco

Recently in Japan, police officers arrested two men from the nation of Chile over the theft of four luxury wristwatches from a store in Tokyo, according to a news report by NHK World. One of the suspects admitted that he and his partner planned to sell the stolen watches and bring the money back with them to Chile.

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

Japanese police have arrested two Chilean men on suspicion of stealing four luxury wristwatches from a shop in Tokyo’s Nakano Ward earlier this week. The stolen items are worth about 200 million yen, or roughly 1.25 million dollars.

Police arrested the men after they were found at a private lodging facility in the western city of Osaka on Thursday. The suspects are 23 and 33 years old, respectively.

Police say investigators found a watch of the same brand as one of the stolen items in the men’s belongings.

Police quote the 23-year-old suspect as saying the two stole only one watch. They also say the 33-year-old suspect admitted to the allegations, and told investigators that the pair planned to sell the watches and take the money back to their home country.

Police say they are investigating where the suspects traveled to after they arrived in Japan on August 21, and what led them to commit the crime.

The theft occurred at a watch retailer in the Nakano Broadway commercial facility on Tuesday. A display case was broken with a hammer. Two perpetrators were in the shop for only around 10 seconds before fleeing the scene.

For additional insight, watch the related Nippon TV news video below.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the two Chilean suspects are guilty of the crime beyond reasonable doubt? Do you think the investigators will be able to find more details behind the theft and how the suspects traveled all the way to Osaka after committing the theft in Tokyo? If you were in Japan during the past few years, have you ever witnessed foreigners committing violence or theft there?

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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