economy – Page 2 – Author Carlo Carrasco

Philippines Grants 14-Day Visa-Free Entry To Chinese Visitors

January 20, 2026January 17, 2026carlocarrasco

In what is clearly a bid to enhance tourism, investments and trade, the Department of Foreign Affairs (DFA) announced that Chinese nationals are being granted visa-free entry into the Philippines and they are allowed to stay up to fourteen days, according to a GMA Network news report.

The Philippines continues to fail to attract enough foreign tourists and the growth of the national economy clearly slowed down in recent times.

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

The Philippines is granting visa-free entry to Chinese nationals starting January 16 in its bid to increase Chinese trade, investments and tourists, the Department of Foreign Affairs said Thursday.

Under the new policy, Chinese nationals may enter the Philippines without the requirement of obtaining a visa for a stay of up to 14 days.

“This is in line with the President’s directive to facilitate trade, investments, and tourism, as well as strengthen people-to-people exchanges between the Philippines and China,” the DFA said in a statement.

Such visa-free entry arrangement will be in effect for one year and will be reviewed accordingly before it expires.

The visa-free privilege will be valid for entry only through the Ninoy Aquino International Airport (NAIA) in Metro Manila and the Mactan-Cebu International Airport (MCIA) in Cebu.

Upon arrival, Chinese nationals need to present a passport valid for at least six months beyond the intended stay, confirmed hotel accommodation/booking, and a return or onward ticket to the next country of destination.

“Chinese nationals traveling to the Philippines strictly for tourism or business purposes may avail of the new visa-free entry privilege,” the DFA said.

However, the DFA said visas (cannot) be extended beyond the allowable 14-day stay and is non-convertible to any other type of Philippine visa category.

For added context about the potential risks that come with attracting Chinese tourists, watch the video below.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think this new policy by the national government is the right move even though there is tension between Communist China and the Philippines? Does this new policy make the Philippines look very desperate to attract money from Chinese visitors? Are you concerned that criminal activities here in the Philippines will get worse as more Chinese tourists enter the country?

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

Solar Philippines Faces P24 Billion In Penalties Over Failure To Fulfill Renewable Energy Commitments

January 18, 2026January 17, 2026carlocarrasco

Remember back in 2024 when the government canceled multiple contracts it previously awarded to Solar Philippines as a result of its failure to fulfill the energy commitments? Solar Philippines is back in the spotlight and it is facing P24 billion in penalties over terminated contracts and the Department of Energy (DOE) revealed a lot about the company, according to a BusinessWorld news report.

The government terminated more than 160 renewable energy service contracts which represent a combined potential capacity of 17,904.02 megawatts (MW). Of that amount, Solar Philippines accounted for about 64% of the terminated solar projects as announced by the DOE Secretary Sharon Garin.

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

SOLAR PHILIPPINES Power Project Holdings, Inc. is facing P24 billion in fines for its failure to deliver nearly 12,000 megawatts (MW) of renewable energy (RE) over the last two years, according to the Department of Energy (DoE).

“Out of the 17,904 MW of terminated contracts for 2025 and 2024… Solar Philippines would be 11,427 MW. That’s more or less equivalent to 64% of the terminated contracts,” Energy Secretary Sharon S. Garin said in a press chat on Tuesday.

Ms. Garin said the DoE terminated 33 service contracts held by Solar Philippines, a company founded by businessman-turned-politician Rep. Leandro L. Leviste, due to project delays. These service contracts could have supplied 11,427.83 MW of capacity to the grid.

The DoE said it seeks to collect around P24 billion in penalties from Solar Philippines which covers contractual obligations, performance bonds and financial obligations arising from the revoked contracts.

“We have consistently sent notices even show-cause orders request for them to renew their bonds. We have not received any response from the company,” she said.

Sought for comment, Mr. Leviste has yet to respond as of press time.

The DoE said it has recorded nearly 18,000 MW worth of potential capacity from 163 terminated and relinquished service contracts Ms. Garin said that 70 contracts were terminated and relinquished in 2024 and 93 contacts in 2025.

These terminated and relinquished contracts were composed of hydro, solar, wind, geothermal, and biomass that were awarded after application and green energy auctions (GEAs).

“This could have covered actually the annual increase of our electricity demand in the country. Unfortunately, we had to cancel these contracts. They’re not complying with the requirements and in accordance with their GEA contract. This is why we had to cancel them because they really wouldn’t move,” Ms. Garin said.

Under the revised omnibus guidelines governing the award and administration of RE contracts issued in 2024, the Renewable Energy Management Bureau can recommend termination of the contract if the RE developer failed to secure and submit needed requirements.

The RE developer has 30 calendar days to explain in writing why its contract should not be terminated. The developer whose RE contract was terminated may request for reconsideration.

Ms. Garin said that the revoked contracts will be open to other developers who are interested to apply or through the open and competitive selection process (OCSP).

OCSP allows the DoE to award RE contracts in pre-determined areas through competitive bidding. These are locations identified as having high potential for RE development, including hydro, geothermal, and wind resources.

Ms. Garin said that terminating contracts is not to “scare off investors” but to make sure “we have the right investors” in the Philippines.

“What we want are really legitimate investors that have the financial, technical, and legal capacity to embark on a contract and an energy project in the Philippines. This is why we are cleaning it up,” Ms. Garin said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the renewable energy sector of the Philippines really lacks legitimate investors who actually have the financial, technical, and legal capacity to embark on contracts of energy projects? Are you surprised that Solar Philippines failed to fulfill the energy commitments? If you are an investor, do you trust Solar 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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Business Group Proposes New Blueprint To Solve Bottlenecks of Tourism In The Philippines

January 16, 2026January 11, 2026carlocarrasco

Things are clearly not looking good for the Philippines economically and also on international tourism. The Philippines was left behind by many of its Southeast Asian neighbors even as the region attracted more foreign tourists in 2025. Vietnam attracted more than 21 million foreign tourists last year and they are clearly benefiting from the ongoing tourism boom. That said, it is not surprising to see a local business group or federation make noise and urge the government to implement comprehensive reforms to solve the many problems of the tourism industry of the Philippines which the Manila Bulletin recently reported.

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

The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) is sounding the alarm on the Philippines’ lagging tourism sector, urging the government to enact sweeping reforms as international arrival figures fall behind regional competitors.

In a statement on Sunday, Jan. 11, FFCCCII President Victor Lim described the current state of the industry as a “pivotal” moment, arguing that structural changes are now an urgent economic necessity.

While neighboring nations in the Association of Southeast Asian Nations are reporting a robust post-pandemic recovery, the Philippines is struggling to regain its footing.

“We, the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII), urge immediate decisive and comprehensive tourism reforms,” Lim said.

Data from the first 11 months of 2025 showed that the Philippines recorded 5.24 million international arrivals, a 2.2 percent decrease from the same period a year earlier.

The end-November figure also remained 37 percent below the benchmark levels seen in 2019, before the pandemic disrupted global travel.

Lim said the decline posed a direct threat to the broader economy, noting that tourism is a critical engine of inclusive growth. The sector is a primary employer and a lifeline for micro, small, and medium enterprises across the archipelago.

The federation identified three systemic hurdles: a “hassle factor” caused by congested airports and poor digital connectivity, uncompetitive visa policies that act as a deterrent compared to the streamlined entry points of regional peers, and a fragmented marketing strategy that fails to capitalize on the country’s cultural heritage.

To reverse the trend, the FFCCCII proposed a “Blueprint for Immediate Reform.” The plan calls for an “ASEAN-competitive” visa regime and a “connectivity revolution” to modernize primary gateways and facilitate easier travel between islands.

Lim also cited the need to pivot promotional efforts toward “The Philippine Experience,” moving beyond traditional sightseeing to highlight the nation’s history and hospitality.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the FFCCCII is correct about the current state of Philippine tourism? Do you find the FFCCCII’s proposal sensible and believable? Do you think the Department of Tourism (DOT) should take the FFCCCII’s proposal very seriously? Do you thinking it is inevitable that other business chambers from around the Philippines will push for tourism industry reforms?

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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Nomura Says Philippine Economic Growth May Fall Below 4% In The Near Term

January 15, 2026January 9, 2026carlocarrasco

By pointing to the effects of the flood control corruption scandal as well as other factors, Nomura Global Markets Research stated that the economic growth of the Philippines may fall below 4% in the near term, according to a BusinessWorld news report.

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

PHILIPPINE economic growth may fall below 4% in the near term as the billion‑peso flood control scandal drags on, affecting government spending and dampening consumption and sentiment, Nomura Global Markets Research said.

“I think going forward, these spillover effects (from the graft scandal) will also expand,” Nomura Chief Association of Southeast Asian Nations (ASEAN) Economist Euben Paracuelles told Money Talks with Cathy Yang on One News on Thursday.

The scandal, which curbed state spending last year, is expected to dampen household consumption and business investment amid weaker sentiment, he added.

“If the drag is now sort of becoming more broad-based, not just the drop in government spending, you’ll see growth coming potentially below 4%, at least in the near term,” he said.

Nomura now expects the gross domestic product (GDP) to expand by 5.3% in 2026 from 5.6% previously. This is still within the government’s recently revised 5-6% target this year.

Economy Secretary Arsenio M. Balisacan earlier said growth targets were lowered through 2027, after GDP growth likely slowed to 4.8-5% in 2025 amid the flood control controversy.

The government cut its 2026 projection to 5-6% and to 5.5-6.5% for 2027 from the earlier 6-7% range. The 2028 target was retained at 6-7%.

Mr. Paracuelles anticipates that the government will roll out catch-up spending plans, possibly in the second half of the year.

Meanwhile, the Philippines may earn a credit rating upgrade if the government manages to resolve the flood control corruption issue within a year, Mr. Paracuelles said.

“The key for me is 12 months from here, when they need to decide on whether they need to upgrade the Philippines, I think it’s still quite uncertain,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economic growth of the Philippines is indeed slowing down right now? Would you be surprised to see the nation’s economic growth reach less than 4%? Do you think the officials of the Department of Public Works and Highways (DPWH) is working sufficiently to restore its credibility?

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 Overall 2025 Inflation Rate Lands At 1.7%

January 13, 2026January 6, 2026carlocarrasco

Following the 1.8% inflation rate for December 2025, the Philippines’ overall inflation rate for the entire year landed at 1.7%, according to a business news report by GMA Network.

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

The Philippines ended 2025 with a year-to-date average inflation settling well within the government’s target, the Philippine Statistics Authority (PSA) reported on Tuesday.

At a press conference, National Statistician and PSA chief Claire Dennis Mapa said the overall inflation —which measures the rate of increase in the prices of goods and services— clocked in at 1.8% in December 2025

This was faster than the 1.5% rate posted in November 2025.

December’s inflation print brought the 12-month 2025 national average to 1.7%, which stood well within the administration’s comfortable ceiling of 2% to 4%.

The 2025 average inflation was slower than 2024’s average rate of 3.2%. This was also the slowest annual average inflation rate since 2016 when the overall year-to-date inflation rate stood at 1.3%.

‘Resilient’ – In a statement, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “Despite global headwinds and domestic challenges, the Philippine economy has remained resilient against inflationary pressures due to the government’s timely and targeted interventions.”

“Building on this momentum, the government will continue to pursue prudent fiscal and monetary coordination and advance structural reforms to sustain the downward inflation trend and support inclusive growth in 2026 and beyond,” said Balisacan.

The PSA reported that the downtrend seen in 2025’s annual average inflation rate was primarily due to the lower increase in the heavily weighted food and non-alcoholic beverages index, with a rate of 1.2% from 4.4% in 2024.

Meanwhile, the uptick in December alone was attributed to the impact of Typhoon Uwan, which disrupted food production as food inflation—which tracks the price movements of food items in a “basket” commonly purchased by households—accelerated to 1.2% from -0.3% in November.

This was due to the faster increase in vegetable inflation to 11.6% from 4% to 11.6 percent on the back of increases in onions at 79% from 48.2%, eggplants at 29.4% from –6.5%, and pumpkins at 20.1% from 8.8%.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the inflation rate of the Philippines will remain below 2% per month over the next six months?

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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Meralco Plans Key Study With USTDA This Quarter

January 12, 2026January 6, 2026carlocarrasco

Philippines energy giant Meralco revealed that it intends to start a crucial study with the United States Trade and Development Agency (USTDA) within the first quarter this year, according to a BusinessWorld news report. The topic of the study is the adoption of small modular reactors (SMRs).

For the newcomers reading this, Meralco is the most notable private entity in the Philippines with strong interest on nuclear power. To learn more about them and their nuclear pursuit, click here and here.

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

MANILA ELECTRIC CO. (Meralco) plans to begin a study with the United States Trade and Development Agency (USTDA) on the adoption of small modular reactors (SMR) within the first quarter, the company said in a disclosure to the local bourse on Monday.

“The study is expected to commence during the first quarter and is expected to be completed by the fourth quarter this year,” it said.

The power distributor is set to issue a request for proposal this month to select a contractor that will conduct the feasibility study.

Meralco earlier secured a $2.7-million (P160 million) grant from USTDA to fund the assessment of SMR deployment in the Philippines.

The initiative forms part of Meralco’s Nuclear Energy Strategic Transition (NEST) program, under which the company has been carrying out pre-feasibility work and partnership discussions to evaluate nuclear technologies suitable for local conditions.

The study supports the Department of Energy’s (DoE) goal of incorporating at least 1,200 megawatts (MW) of nuclear power into the country’s energy mix by 2032 as part of efforts to diversify supply and reduce reliance on fossil fuels.

Starting in April, Meralco said it would begin identifying potential sites suitable for SMR facilities, in coordination with government agencies such as the DoE and Philippine Nuclear Research Institute. Site selection will consider technical, environmental and regulatory factors.

SMRs are designed to generate up to 300 MW each and can be built in a shorter timeframe compared with conventional large-scale nuclear power plants. Proponents say their smaller size and modular construction could allow more flexible deployment.

Aside from the technical study, Meralco said it would carry out stakeholder engagement and consultations, capability-building initiatives and support work related to the country’s legal and regulatory frameworks governing nuclear energy.

By the fourth quarter, the company expects to produce a shortlist of potential sites for submission to the DoE and Philippine Atomic Energy Regulatory Authority, the recently established independent regulator overseeing nuclear and radiation-related activities.

“The NEST program is in its preparatory phase, thus no material impact is expected on the company’s business, operations, and financials at this juncture,” Meralco said.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you hopeful that Meralco’s planned study with the USTDA will lead to progress to achieving nuclear energy in the Philippines within the next few years? Are members of your local community aware about the current move of the country towards nuclear power?

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

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Muntinlupa City Government Recognizes 10 Early Bird Taxpayers (2026 Business Permit Renewal)

January 11, 2026January 5, 2026carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government recognized the top ten early bird taxpayers among the business owners who renewed their business permits for 2026, according to a Manila Bulletin news report. Mayor Ruffy Biazon and other local officials were present.

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

The Muntinlupa City government recognized 10 business owners who renewed their business permits early.

The renewal of business permits for 2026 in Muntinupa has been set from Jan. 5 to 20 from 8 a.m. to 5 p.m. at the Muntinlupa Sports Center in Barangay Tunasan.

Business owners in Muntinlupa can also renew their permits online via the Business E-Payment System (BeSt).

Mayor Ruffy Biazon visited the business renewal hub and awarded the 10 early bird taxpayers with baskets of grocery. They are:

1. Mama Nene Store (Abraham Dipa Tiro)

2. People’s Choice Apartment (Ernesto Pajarillo Obra)

3. Zhia Faith Sari-Sari Store (Judy Marimla)

4. Chaulameir Enterprises (Laudemer Waminal)

5. Erchie Appliance Parts (Erchie Ebalca Tamon)

6. Shawntel RTW Store (Wilson Famulag Jr.)

7. Bob Garon & Vandevoort Consultancy Inc.

8. Aurelio’s Alquiros Tailoring Shop (Aurelio Calvario Alquiros)

9. Mini-Mini Store (Cherrie Uy Flores)

10. Beecube, Inc.

The city government is also providing free rides for business owners going to the Muntinlupa Sports Center.

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, do you admire the City Government for recognizing the early bird taxpayers? If you own a business in Muntinlupa, have you renewed your business permit already?

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

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

Vietnam Attracts All-Time High 21.2 Million Foreign Tourist Arrivals In 2025

January 10, 2026January 6, 2026carlocarrasco

Vietnam, a nation ravaged by war decades ago, has emerged as a major tourism magnet in both Southeast Asia and Asia as a whole after successfully attracting more than twenty-one million foreign tourists in 2025, according to a VnExpress International news report. The figure is a new all-time high. What Vietnam achieved was more than 20% higher than its 2024 foreign tourist numbers. For 2026, Vietnam is aiming high with a target of 25 million foreign visitors.

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

Vietnam welcomed a record number of foreign tourists in 2025 with 21.2 million, up 20.4% from the previous year and the highest ever, according to General Statistics Office.

Mainland China was Vietnam’s biggest source of visitors last year with 5.2 million arrivals, up 41% year-on-year, followed by South Korea with 4.3 million and Taiwan with 1.23 million.

The U.S. ranked fourth with 848,000, followed by Japan with 814,000. The rest of the top 10 were India (746,000), Russia (689,000), Cambodia (687,000), Malaysia (573,000) and Australia (548,000).

Tourism industry insiders attributed Vietnam’s strong performance to visa reforms.

*Foreign tourists welcomed in Vietnam. (photo credit: Ho Chi Minh City Department of Tourism)*

In March the government decided to extend visa exemptions until 2028 for citizens of 12 countries: Denmark, Finland, France, Germany, Italy, Japan, Norway, Russia, South Korea, Spain, Sweden, and the U.K.

In August it waived visa requirements for stays of up to 45 days for citizens of 12 more countries: Belgium, Bulgaria, Croatia, Czechia, Hungary, Luxembourg, the Netherlands, Poland, Romania, Slovakia, Slovenia, and Switzerland.

This expanded the unilateral visa waiver list to 24 countries and the total number including bilateral waivers to 39.

Let me end this piece by asking you readers: What is your reaction to this development? Considering the strong international tourism momentum it has right now, do you think Vietnam will succeed in attracting 25 million foreign tourists this year? Do you think a lot more visitors from Europe will come to Vietnam 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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Department of Tourism Claims Domestic Tourism Surged During 2025 Christmas Break

January 10, 2026January 5, 2026carlocarrasco

With the slowing economic growth and clear weakness on international tourism compared with many Southeast Asian neighbors, the Philippines still has domestic tourists to rely on and many Filipinos traveled around the country during the 2025 Christmas season, according to the Department of Tourism (DOT) announcement published via the Philippine Information Agency (PIA).

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

The Christmas long break underscored the strength of domestic tourism as Filipinos traveled across the country in large numbers, filling beaches, heritage sites, mountain retreats, and island destinations—cementing local travel as a vital pillar of the Philippine tourism industry during the holiday season.

Leading holiday destinations saw robust visitor turnout, with Boracay Island in Western Visayas recording the highest arrivals at 118,745 tourists from December 15 to 28, 2025, as Filipinos gathered to celebrate Christmas by the beach. The region also welcomed cruise passengers during the holidays, with Star Navigator and Norwegian Sun making multiple port calls and bringing in thousands of passengers and crew, further adding to local tourism activity.

Close behind, Cebu City welcomed 102,124 visitors, while Panglao Island in Bohol received 62,240 tourists, reflecting sustained domestic travel to Central Visayas despite the region having faced a series of natural calamities earlier in the year.

Meanwhile, Tacloban City in Eastern Visayas saw some 25,194 overnight guests. But the most visited tourist destination in the region was Malajog Beach in Calbayog City, Samar which registered some 56,543 tourists.

In the Cordilleras, Baguio City—long regarded as a favorite Christmas destination—recorded 117,137 visitors from December 15 to New Year’s Eve, drawn by its cool weather, festive lights, and seasonal sound-and-light shows.

In Bicol, Camarines Sur attracted 92,000 visitors over the holiday break, while neighboring Albay welcomed 45,000 tourists, many traveling along scenic routes framed by views of the iconic Mayon Volcano.

Northern Luzon destinations also saw steady holiday traffic. La Union recorded 47,338 foreign and local visitors seeking a beach escape, while Ilocos Sur welcomed 32,232 tourists drawn to its heritage streets and coastal landscapes. Meanwhile, Nueva Vizcaya received 10,012 visitors, many opting for nature-based and countryside travel during the break.

Island destinations remained popular for a “summer in December” experience. El Nido, Palawan welcomed 40,000 tourists, while Coron recorded 17,850 visitors. Puerto Galera also drew 13,204 holiday travelers.

In Mindanao, the Province of Sarangani in SOCCSKSARGEN welcomed 26,191 visitors, reflecting growing interest in the region’s diverse landscapes. Siargao Island attracted 32,742 tourists, while Bukidnon recorded 9,488 visitors drawn to its rolling mountains and cool climate. Camiguin Island likewise welcomed 6,558 tourists during the Christmas season.

In Metro Manila, the historic Walled City of Intramuros once again became a focal point for holiday visits, as Filipinos flocked to its illuminated streets, churches, and heritage landmarks. The area felt especially alive during the season, with families and groups attending Christmas masses at the Manila Cathedral and enjoying festive decorations in one of the country’s most celebrated heritage destinations.

“The strength of domestic tourism in the Philippines remains a driving force of our travel industry. The Christmas holidays once again showed how Filipinos continue to explore and support our own destinations,” said Secretary Christina Garcia Frasco.

“From ridge to reef, cities to heritage towns, domestic travel helps communities recover and thrive, boosts the economy, deepens national pride, and supports more equitable tourism development across our regions.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think DOT is honest and transparent with its claims of surging domestic tourists during the 2025 Christmas season? Do you think the DOT should focus more on domestic tourism so that the nation’s tourism industry will grow better and become less dependent on tourists from abroad? Do you think the “Love the Philippines” should be replaced soon?

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 To Turn Over 30 Million to 50 Million Oil Barrels To America

January 8, 2026January 7, 2026carlocarrasco

Following the capture of socialist dictator Nicolas Maduro, US President Donald Trump announced that Venezuela will turn over to America thirty million to fifty million barrels of oil which will benefit people of both nations, according to a news report by Newsmax.

For the newcomers reading this, Maduro ruled Venezuela for more than a decade and his predecessor was none other than the demon Hugo Chavez. Maduro brutalized his fellow Venezuelans and is responsible with the intense deterioration of their national economy. Under Maduro, Venezuela cooperated with the terrorist state of Iran, Communist China and Putin’s Russia. Maduro is also involved in drug trafficking and narco-terrorism.

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

President Donald Trump said Tuesday that Venezuela is turning over 30 million to 50 million barrels of oil to the United States, with proceeds he said will benefit both the Venezuelan people and Americans.

Trump made the announcement in a post on Truth Social, just days after he authorized U.S. military action to remove socialist strongman Nicolas Maduro from power in Venezuela.

“I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America,” Trump said in the post.

“This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!” he added.

Delcy Rodriguez was sworn in as Venezuela’s interim president Monday. Rodriguez indicated she would cooperate with Washington.

“I have asked Energy Secretary Chris Wright to execute this plan, immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States,” Trump concluded his post.

Before the arrest of Maduro, Venezuela’s oil sector was a shadow of its former self despite holding the world’s largest proven oil reserves — estimated at over 300 billion barrels.

Decades of socialist mismanagement, expropriation of foreign assets, and U.S. sanctions decimated output, which fell from over 3 million barrels per day in the early 2000s to roughly 1 million barrels per day by 2025.

Sanctions forced much of the crude trade underground and shifted exports mainly to China, with Petróleos de Venezuela, S.A. (PDVSA) struggling to generate cash revenue. Production bottlenecks, lack of investment, and aging infrastructure kept Venezuela’s oil influence weak on global markets.

For additional insight about Venezuelan oil and what it means to America and the world, watch the selected videos below.

In other developments, Venezuelans are celebrating the capture and downfall of Maduro. Switzerland announced that it has frozen Maduro’s assets and will redistribute the funds to the people of Venezuela after the dictator’s trial.

Let me end this piece by asking you readers: What is your reaction to this development? With Maduro on trial in America, are you confident that he will be found guilty on each and every charge against him? Do you think the announced high amount of barrels of Venezuelan oil will be a big economic boost for America? Do you think China, Russia and terrorist state Iran are panicking now that they lost their access to Venezuela’s oil? Do you think it is a matter of time before the military hardware of Russia, China and Iran in Venezuela will get dismantled?

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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