economy – Page 2 – Author Carlo Carrasco

President Marcos Calls On HSBC To Help investors See Economic Opportunities In The Philippines

November 27, 2025November 19, 2025carlocarrasco

As the signs are clear that economic growth of the Philippines has weakened, President Marcos called on financial giant HSBC to help foreign investors realize the economic opportunities in the country, according to a Philippine News Agency (PNA) news article.

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

President Ferdinand R. Marcos Jr. has called on international bank HSBC to help more foreign investors see the huge economic opportunities the Philippines has to offer.

“Together let’s build a more progressive Philippine economy, where people can access reliable financial services, obtain meaningful opportunities, and live more dignified, comfortable lives,” he said in a speech at HSBC’s 150th year anniversary gala in Taguig City on Tuesday night.

“Let us continue creating an environment where investors, stakeholders, and most importantly, our citizens see the Philippines as a nation of promise,” he added.

He acknowledged the foreign bank’s support for government initiatives, including its participation in recent bond issuances such as the SEC-registered USD3.3 billion-equivalent dual currency global bond that aims to ensure the continuation of vital government programs.

“These programs, whether on infrastructure, education, or social protection, directly benefit our people, especially those who rely on stable public services,” he said.

He also cited HSBC’s strong collaboration with relevant economic agencies and its contribution to increasing the country’s exposure to foreign investors.

From its first branch in Binondo in 1875, Marcos said HSBC’s growing presence in the Philippines serves as a vote of confidence in the future of the Philippines.

On the part of the government, he said the administration continues to strengthen its financial systems to protect depositors.

The Bangko Sentral ng Pilipinas, he added, is refining capital, liquidity, and governance standards to ensure that banks are resilient.

The country, he said, also adopts reforms such as the Basel III New Standardized Approach, the National Risk Assessment, and clearer guidelines for the disqualification of erring officers.

“Today, as HSBC adapts to a rapidly changing economy, we are confident that the bank will remain true to its commitment to making its services more inclusive, more secure, and accessible to Filipinos,” the chief executive said.

HSBC, the leading international bank in the country, serves 41 million clients across 57 markets, with over USD3 trillion in assets.

In his remarks, HSBC Interim Group Chairman Brendan Nelson said the firm has “strong” confidence in the Philippines and is ready to work with the country to sustain its growth momentum.

He said HSBC is “determined to continue growing” in the Philippines as he noted its strategic position in Southeast Asia, one of the regions, he noted, is set to benefit most from the “configured globalized world.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think economic growth of the Philippines will get stronger in 2026? Do you think foreign investors will take a new look at the Philippines for economic opportunities 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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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

Philippines At Risk Of Falling Behind Southeast Asian Neighbors Economically

November 26, 2025November 19, 2025carlocarrasco

The 3^rd quarter growth of only 4% the Philippines achieved has been on people’s minds a lot lately. As such, the country is at risk of falling behind its neighbors in Southeast Asia in terms of economic growth and gross domestic product (GDP) per capita, according to a BusinessWorld news report.

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

The Philippine economy is at risk of further falling behind its Southeast Asian neighbors, an economist said, noting it may take two years to catch up with Vietnam and up to 70 years to catch up with Singapore.

“(T)he Philippines could find itself lagging behind if alleged public spending issues continue to divert attention and resources away from the structural reforms needed to accelerate economic development,” Bank of the Philippine Islands (BPI) Lead Economist Emilio S. Neri, Jr. said in a commentary on Wednesday.

In the third quarter, Philippine gross domestic product (GDP) grew by 4%, its slowest pace in over four years amid slower household and public infrastructure spending as the flood control scandal dampened investor and con-sumer sentiment.

In the nine months to September, GDP growth averaged 5%, putting the government’s 5.5%-6.5% full-year growth target further out of reach.

“The Philippine economy is growing, but not enough to close the economic gap with other countries,” Mr. Neri said.

He noted the Philippine GDP per capita is lower compared with other economies in the region. Citing International Monetary Fund (IMF) data, he said the Philippines’ GDP per capita stood at $4,078 in 2024.

“At the current growth rate, it would take the Philippines two years to catch up with the GDP per capita of Vietnam, 4 years with Indonesia, 14 years with Thailand, 26 years with Malaysia, and 70 years with Singapore, assuming their incomes remain stagnant. In reality, their GDP per capita continues to grow, which means the gap could persist or even widen,” Mr. Neri said.

The Philippines lagged behind Singapore which had a GDP per capita of $90,674 in 2024, followed by South Korea ($36,128), Japan ($32,498), China ($13,312), Malaysia ($12,540), Thailand ($7,491), Indonesia ($4,958) and Vietnam ($4,535).

“Before the pandemic, the Philippines had a higher GDP per capita than Vietnam, but has since been overtaken. At current trends, it would take the Philippines two years to catch up with Vietnam, but that gap could increase to 13 years by 2044,” Mr. Neri said.

The BPI economist said the Philippines needs structural reforms to accelerate growth in order to close the widening gap with its neighbors.

“The current economic model of the country is not enough, as shown by the country’s inability to grow faster than 6% in recent years,” he said.

Mr. Neri said the economy has been “too reliant” on consumer spending, driven by overseas Filipino worker (OFW) remittances and the business process outsourcing industry.

“There is a need to diversify its sources of growth. The economy must improve in terms of production, especially in agriculture and manufacturing, as they will allow the economy to be more self-sufficient and to reach foreign markets. These industries have been critical to Vietnam’s success and could play a similar role for the Philippines,” he said.

However, Mr. Neri said implementing these reforms will be hard if the government lacks focus.

“Public spending issues divert fiscal resources and policymaking focus away from long-term development priorities. Efforts to strengthen safeguards against potential issues in government spending are essential, enabling the country to work on structural reforms that could improve the economy,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think should the government do to accelerate economic growth?

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 Groups Reaffirm Commitment To National Economy

November 25, 2025November 18, 2025carlocarrasco

With the weakening economic growth and growing socio-economic uncertainty affecting the entire Philippines, prominent business groups reaffirmed their commitment to invest and create jobs in the country, according to a Manila Bulletin news report.

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

Six prominent groups representing the business sector reaffirmed their commitment to invest and create jobs in the Philippines amid weakening sentiment in the economy, which is fueled by what they described as a “political turmoil” stemming from the ongoing corruption scandal.

In a rare joint statement sent to the media moments after a pivotal reshuffle in the administration’s economic team, the business groups emphasized that they remain committed to supporting the Philippine economy.

“While the current political turmoil raises understandable concerns, we stress that the country’s long-term fundamentals remain strong; anchored by a well-regulated financial system, a stable banking sector, and companies that continue to invest in and believe in the Philippines,” the groups said on Monday, Nov. 17.

The statement was signed by Makati Business Club (MBC), Management Association of the Philippines (MAP), Philippine Chamber of Commerce and Industry (PCCI), Financial Executives Institute of the Philippines (FINEX), Philippine Finance Association, and Institute of Corporate Directors (ICD).

In a statement that essentially serves as a pitch to potential investors, the six business groups said that the institutions safeguarding local markets “continue to operate independently and rigorously.”

The groups cited the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) as among the most reliable government partners when it comes to businesses.

Both the BSP and the SEC uphold regulatory frameworks aligned with global standards, ultimately ensuring market integrity, prudent risk management, and strong investor protection, they said.

“The Philippines continues to meet international benchmarks on capital adequacy, disclosure requirements, and corporate governance,” the groups said.

The business groups also took note of the corporate earnings of publicly listed companies, which reflect the economy’s underlying strength.

They noted that even during periods of global instability, such as the Covid-19 pandemic, companies continued to demonstrate resilience with growing revenues and stable margins.

Further, the groups said that investment sentiment in the country remains robust, with gross fixed capital formation ranging between 22 percent and 27 percent of gross domestic product (GDP) over the last 10 years.

“This ongoing level of capital spending, mainly driven by business growth, clearly indicates that Philippine companies continue to build capacity, expand operations, and invest in the country’s long-term prospects,” the statement read.

While upholding optimism, the six business groups stressed that investor confidence is influenced not only by economic fundamentals but also by governance.

Let me end this post by asking you readers: What is your reaction to this recent development? Does the joint statement of the prominent business group boost your confidence about the future of the country? Do you think the Philippine economy will be able to bounce back strongly next year? Does the continuing media coverage of the flood control corruption scandals and investigations continue to bother you?

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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BSP Warns Public About Text Hijacking

November 22, 2025November 21, 2025carlocarrasco

If you received a text message containing links, you better avoid clicking on those links as scammers have gotten more sophisticated with technology to steal money, access to personal accounts and personal data from victims through mobile communication. That being said, the Bangko Sentral ng Pilipinas (BSP) has warned the public about text hijacking, according to a news article by the Philippine News Agency (PNA).

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

The Bangko Sentral ng Pilipinas (BSP) warned the public on Friday that only scammers would send links through the short messaging system (SMS) or text message.

BSP, in a press release, said legitimate banks, e-money issuers, and other financial entities will not send links, even though the messages look like it came from these regulated institutions.

This scheme is called text hijacking that “involves scammers inserting fake messages into legitimate text threads to make them look authentic.”

“These messages often contain malicious links designed to steal access to victims’ financial accounts and are usually accompanied by urgent prompts such as notifications of expiring rewards, unauthorized transactions, or account verification requests to pressure recipients into clicking the link,” it said.

Reports about fraudulent text messages continue to rise, the BSP noted.

This, even as the central bank and other financial institutions have increased their education campaign aimed to inform the public about this scam.

The public is advised to avoid clicking links in text messages or e-mails even if they appear to come from banks or e-money issuers; enable multi-factor authentication to secure accounts and never share personal or financial details with anyone.

If the account has been compromised, contact the bank or e-money issuer through official channels: https://bit.ly/BSPScamAlert

Let me end this post by asking you readers: What is your reaction to this recent development? Where you ever a victim of text hijacking? What do you think government and financial institutions should do to find the scammers and have them all arrested?

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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Approved Foreign Investment Pledges Fall Down 48.7% In 3rd Quarter

November 21, 2025November 14, 2025carlocarrasco

The flood control corruption scandals connected with the weaker investor sentiment resulted in a 48.7% fall in foreign investment pledges during the 3^rd quarter this year, according a news report by BusinessWorld. It should be noted that Philippines GDP growth for the same quarter slowed down a lot.

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

APPROVED foreign investment pledges plunged nearly 50% in the third quarter as investor sentiment soured due to the corruption scandal involving government infrastructure projects, the local statistics agency said.

Preliminary data from the Philippine Statistics Authority (PSA) showed the value of foreign commitments approved by investment promotion agencies (IPAs) fell by 48.7% to P73.68 billion in the July-to-September period from P143.74 billion in same period last year.

However, this was the highest amount of investment pledges since the third quarter of 2024.

Ser Percival K. Peña-Reyes, director of the Ateneo Center for Economic Research and Development, said the decline in approved investments can be attributed to the weaker investor sentiment.

“Tingin ko. Wala pang nakukulong eh (I think so. No one has been imprisoned yet),” he said in a Viber message, when asked if this sharp slump in approved investments will likely persist in the fourth quarter until 2026.

Quarter on quarter, the approved pledges rose by 9.34% from P67.38 billion in the second quarter.

Singapore was the top source of foreign investment pledges in the third quarter with P20.26 billion (27.5%), followed by Japan with P13.59 billion (18.4%) and Cayman Islands with P13.14 billion (17.8%).

Investment commitments from South Korea stood at P5.57 billion (7.6%), while those from China stood at P4.51 billion (6.1%)

PSA data showed the investment pledges were approved by seven IPAs — the Authority of the Freeport Area of Bataan, Bases Conversion and Development Authority (BCDA), Board of Investments (BoI), Clark Development Corp., Clark International Airport Corp., Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the government must do to convince foreign investors to become more confident about investing in the Philippines? Do you think the investigation and pace of justice related to the flood control corruption scandal is moving too slowly?

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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What to watch on YouTube right now – Part 110

November 19, 2025November 11, 2025carlocarrasco

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 The Matrix Revisited – What else is there to say about The Matrix? There are some who claimed it is the greatest science fiction movie ever made. Some described it as more relevant than ever due to the wide public use of artificial intelligence (AI) today. In my experience, I saw a special re-screening of The Matrix at the old cinema of Festival Mall in December 1999 and it was entertaining but I never became a fan of its entertainment franchise. Regardless, the film continues to entertain and surprise YouTubers and you can see how by watching the selected videos below.

#2 The Horror Aspect Of Halo: Combat Evolved – It has been 24 years since Halo: Combat Evolved launched along with the original Xbox console. I played and finished the classic sci-fi first-person shooting game on rented Xbox consoles before and it remains a highly significant gaming experience to me. Original game developer Bungie did not just create a great sci-fi game but also designed it to be immersive, captivating and atmospheric. Within the atmosphere in the game is the subtle but effective use of horror elements which added to the mystery. How does the horror function in the classic game? Watch and learn from the video below.

#3 Meat & Rice Meals In Japan – Here is another food-related video in Japan. This is for those who crave for delicious meals composed of nice amounts of meat and rice The food joint in the video below not only serves the mentioned meals, it is able to cook many kinds of fried rice as well! Watch and enjoy the video below.

#4 Most Notable Episodes Of The Real Ghostbusters – As a young boy in the 1980s, I saw the classic movie Ghostbusters in 1984 and a few years later, I started watching episodes of The Real Ghostbusters animated TV series on home video and eventually on local TV. For the newcomers reading this, The Real Ghostbusters was the sequel and spin-off to the 1984 film and it had a specific title (using “Real”) as a result of a dispute with Filmation which had the Ghost Busters franchise. I lost count as to how many episodes of the animated series I saw but there were a few notable ones I still remember and Minty Comedic Arts’ recent video contained them. Watch the video below.

#5 UAE Rejects Radical Islam And The Islamists! – Islamists are an extreme and evil bunch. They cause trouble wherever they are and they are driven to overwhelm others, to bring down societies and become the one discriminating dominant force. Islamists have already infiltrated many European nations by means of mass migration (including entry as asylum seekers or refugees needing the host nation’s humanitarian assistance) and teaming up with the Satanic Leftists (to form a new Islamo-Leftist mob overseas). In the Middle East, the United Arab Emirates (UAE) knows how destructive radical Islam really is and they made clear that they not only reject Islamists but also remove them. Watch and learn from the video below.

#6 Japan Tightens Business Manager Visa Policy! – Recently, I blogged about Japan’s reformed policy on the business manager visa in response to the fraud and violations committed by foreigners – notably the Chinese nationals – who carried it. The requirements were drastically changed, new applicants must have at least a few years real experience of business practice, and the hiring of at least one full-time employee (who is Japanese or a permanent resident) must be done. As many of the abusers of the business manager visa were Chinese nationals, I found a video focused on the topic and what the affected Chinese holders of the visa in Japan think about the reforms done by the Japanese. Watch the video below.

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Meralco Preparing Bid For Nuclear Power License

November 18, 2025November 10, 2025carlocarrasco

The Manila Electric Company (Meralco) announced recently that it is getting ready with its bid for a nuclear power license which is needed I order to operate power facilities with nuclear energy, according to a BusinessWorld news report. This development is a part of the collective effort to make nuclear Philippines a reality.

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

MANILA ELECTRIC CO. (Meralco) said it is preparing to apply for a license to operate nuclear power facilities in time for the opening up of the application process next year.

“We’ve been very aggressive on this, (but) we have to comply with the timeline set by the Department of Energy,” Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho told reporters late last month.

Energy Secretary Sharon S. Garin has said that applications will be opened up for nuclear energy projects by 2026, overseen by the Philippine Atomic Energy Regulatory Authority (PhilATOM).

Under Republic Act No. 12305, or the Philippine National Nuclear Energy Safety Act, PhilATOM will have sole jurisdiction over the regulation of nuclear energy and radiation sources.

The Philippines is hoping to integrate nuclear energy into the power mix with at least 1,200 megawatts (MW) of capacity by 2032, increasing to 2,400 MW by 2045 and 4,800 MW by 2050.

Ms. Garin has said that several companies have expressed interest in submitting nuclear energy project proposals.

Meralco is looking at small modular reactors (SMRs) when it enters the market. SMRs, each capable of generating up to 300 MW, can be constructed more quickly than traditional nuclear power plants.

Mr. Aperocho said that Meralco is awaiting details of the incentives and the liability profile for proponents, which will influence funding available for nuclear.

The company is expecting a $2.7-million grant from the US Trade and Development Agency to fund a feasibility study on SMRs.

“Both sides have fulfilled the required conditions. It’s just a matter of formality now…we’re hoping it gets sorted out soon so the grant can start running,” Mr. Aperocho said.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you aware that nuclear power plants can create abundant energy that solar and wind power cannot achieve?

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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2025 Christmas Spectacle At Filinvest City Central Park

November 17, 2025November 16, 2025carlocarrasco

Recently, this year’s Christmas spectacle at the Filinvest City Central Park was launched by Filinvest with a special event that attracted special guests (including Muntinlupa City Mayor Ruffy Biazon and Olympic Gold Medalist Carlos Yulo).

The said event was also Filinvest’s launch of its 2025 Christmas campaign which is also a clear effort to emphasize why Filinvest City is significant as a central business district (CBD). For the newcomers reading this, Filinvest City has been on a progressive role this year as PLDT will be moving its new headquarters into the CBD while SONAK Group secured a lot for a new headquarters. Indeed, the progressive build-up of Filinvest City is adding economic value to Alabang and Muntinlupa City entirely.

Filinvest City Central Park’s Christmas Spectacle

A few nights ago, I personally visited Filinvest City Central Park (Google Maps location: https://maps.app.goo.gl/vzt8D9yLzRSVVhae9) and I saw the new decorations highlighting the Christmas season. They look very similar to what was set up in 2024, notably the tall Christmas tree and the permanent structures that only needed decorating.

*The Filinvest City sign at the Central Park.*

*Tall Christmas tree in the background, other decorations and lights in the foreground.*

A short distance away from the tall Christmas tree was the park’s standout structure called The Tree (launched in late 2024) which has a very unique design that not only provides people cover from rain or intense sunlight but serves as a helpful place for special activities. At night, lights of different colors are projected towards The Tree which make a fine visual attraction.

As of this writing, I noticed there were lesser non-permanent structures (that were decorated with additional Christmas lights) during my visit at the park. Since Filinvest City still has a lot of activities scheduled at the central park, there is always the possibility that additional structure and lights will be set up soon. For reference about non-permanent structures and lights, click here for my 2024 Christmas Filinvest City Central Park article.

*The permanent park structures plus added decorations and lights.*

*Visitors taking pictures at the tall Christmas tree.*

Unsurprisingly, Filinvest City Central Park remains popular with families, visitors from other cities, some foreign tourists, and those who love the open-air environment of the CBD. It would be interesting to see if there will be more visitors coming to the park during the weekends leading to Christmas as the brand new Starbucks Filinvest branch with drive-thru has been attracting a lot of customers since it opened. That being said, Filinvest City announced through social media a schedule of events or activities happening at the central park.

Set to happen at Filinvest City Central Park are the following: Holiday Lights Symphony at The Tree on November 22, December 7 and December 20 starting 7PM; Fireworks Displace on November 22, December 7 and December 20 starting 8PM. Live musical performances on November 22-23, November 30, December 7, December 20-21 starting 6PM. To see the complete park activities schedule, click https://www.facebook.com/share/p/17aEHGaGX4/

Christmas is still all about Lord Jesus

The theme of Filinvest City’s Christmas campaign this year is titled as “Celebrate Magical Christmas Moments.”

First and foremost, Christmas is all about Lord Jesus, the Savior and hope of ALL nations. During the season, we remember not only His birth in Bethlehem in Israel, but also His overall significance and the hope He always bring to people. The world we live in is twisted and chaotic. While there are many who are indeed faithful to Lord Jesus, there are still many other people out there who remain lost and unsaved. A lot of people ended up lost as they allowed themselves to be manipulated by the secular, the worldly and other rebellious forces of the world we live in.

God sent His Son Jesus to us to pave the way for people to get saved and become part of His Kingdom. Realize how much God loves His creations and none of us would exist without Him. Learn from the bible verses below.

For here is the way God loved the world—he gave his only, unique Son as a gift. So now everyone who believes in him will never perish but experience everlasting life.

John 3:16 (TPT)

For unto us a Child is born,

Unto us a Son is given;

And the government will be upon His shoulder.

And His name will be called

Wonderful, Counselor, Mighty God,

Everlasting Father, Prince of Peace.

Isaiah 9:6 (NKJV)

Joseph also went up from Galilee, out of the city of Nazareth, into Judea, to the city of David, which is called Bethlehem, because he was of the house and lineage of David, to be registered with Mary, his betrothed wife, who was with child. So it was, that while they were there, the days were completed for her to be delivered. And she brought forth her firstborn Son, and wrapped Him in swaddling cloths, and laid Him in a manger, because there was no room for them in the inn.

Luke 2:4-7 (NKJV)

Now after Jesus was born in Bethlehem of Judea in the days of Herod the king, behold, wise men from the East came to Jerusalem, saying, “Where is He who has been born King of the Jews? For we have seen His star in the East and have come to worship Him.”

Matthew 2:1-2 (NKJV)

By honoring, praising and following Lord Jesus, we are connected with the Heavenly Father. When we are faithful to the Lord, it is clear that we do not let the worldly nor wickedness get in the way. It is essential that we must have uncompromising faith in the Lord. Learn from the bible verses below.

Then Jesus answered and said to them,

“Most assuredly, I say to you, the Son can do nothing of Himself, but what He sees the Father do; for whatever He does, the Son also does in like manner. For the Father loves the Son, and shows Him all things that He Himself does; and He will show Him greater works than these, that you may marvel. For as the Father raises the dead and gives life to them, even so the Son gives life to whom He will. For the Father judges no one, but has committed all judgment to the Son, that all should honor the Son just as they honor the Father. He who does not honor the Son does not honor the Father who sent Him.”

John 5:19-23 (NKJV)

Then Jesus said,

“I am light to the world, and those who embrace me will experience life-giving light, and they will never walk in darkness.”

John 8:12 (TPT)

Christmas is not about magic, not about Santa Claus, not about material blessings and certainly not about worldliness. Lord Jesus is the definitive reason why Christmas is celebrated and He is the light to free people from darkness! No matter how you celebrate Christmas, always remain faithful to Him, and never compromise with the worldly. Celebrate Christmas by having unwavering faith in Lord Jesus and help others come to Him!

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

Philippines October 2025 Inflation Settles At 1.7%

November 13, 2025November 5, 2025carlocarrasco

Inflation in the Philippines landed steady at 1.7% for the month of October, according to a Manila Bulletin business news report. By comparison, the inflation rate for September 2025 was at 1.7%.

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

The country’s inflation rate held steady at 1.7 percent in October, unchanged from the previous month and lower than the 2.3 percent recorded in October 2024, the Philippine Statistics Authority (PSA) reported on Wednesday, Nov. 5.

Headline inflation averaged 1.7 percent during the first 10 months of 2025, below the government’s two- to four-percent target range of annual consumer price increases deemed manageable and conducive to economic growth.

PSA data showed that the main drivers of inflation last month were housing, electricity, gas, and other fuels, which contributed 34.6 percent or 0.6 percentage point (ppt) to the overall headline rate.

Other major contributors to the stable inflation rate were restaurants and accommodation services, with a 14.6-percent share or 0.2 ppt, and food and non-alcoholic beverages, with a 13-percent share or 0.2 ppt.

National Statistician Claire Dennis S. Mapa noted that while rice and corn recorded faster negative inflation rates of 17 percent and 8.1 percent, respectively, challenges persist in other food groups. He said inflation for fish and other seafood rose to 8.2 percent in October from 7.9 percent in September.

The PSA also reported that inflation for oils and fats rose slightly to 9.4 percent in October from 9.3 percent in September, while fruits and nuts shifted from a positive inflation rate of 0.5 percent in September to a deflation of 1.4 percent in October.

“Rice is still going down in terms of month-on-month, but there are other items in the basket that are also increasing,” Mapa said.

Mapa reported that the average price of regular milled rice dropped to ₱40.09 per kilo in October from ₱50.22 in the same month last year, reflecting a 20.2-percent year-on-year decline. He added that prices also inched lower from ₱40.23 in September, indicating a continued month-on-month decrease of 0.3 percent.

For well-milled rice, Mapa said the average price fell to ₱46.49 per kilo in October from ₱55.28 in the same month last year, marking a 15.9-percent year-on-year decline. He added that the price was almost unchanged from ₱46.50 in September, indicating stable month-on-month movement.

For special rice, Mapa reported that the average price dropped to ₱56.39 per kilo in October from ₱63.97 in the same month last year, reflecting an 11.2-percent year-on-year decline.

“We can see, particularly the regular milled rice—it has a big year-on-year drop in terms of prices. This is about ₱10 per kilo, year-on -year, the average reduction in prices,” he added.

Mapa added that meat inflation declined from six percent to 5.2 percent, while vegetable price increases, though slowing down, remained elevated, easing from 19.4 percent to 16.6 percent. He also noted that, month-on-month, prices dropped more sharply in October compared to September.

PSA data also showed that inflation in October remained unchanged from the previous month for several sectors, including household operations, education services, and restaurants and accommodation.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think other types of food will get more expensive and possibly bring up the overall inflation rate higher by the end of the 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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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

Crimson Hotel In Filinvest City Rebrands Into Quest Plus Conference Center, Manila

November 12, 2025November 4, 2025carlocarrasco

Remember the Crimson Hotel located in Filinvest City across Festival Mall? Better get used to calling the premium hotel Quest Plus Conference Center, Manila as a major rebranding happened recently, according to a Manila Bulletin news report. The final message carrying the Crimson Hotel brand was posted on social media on October 27.

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

Announced on October 28 by Chroma Hospitality, Crimson Hotel Filinvest City, Manila officially transforms into Quest Plus Conference Center, Manila. With a refreshed identity, the rebranding promises more comfort, more connections, and more reasons to stay in the South.

“Quest Plus is about giving guests more. More ease, more experiences, and more reasons to come back,” said James Montenegro, country manager of Chroma Hospitality. “With this transformation, guests can expect the same trusted service with a renewed focus on delivering practical comfort and premium value every step of the way.”

The rebrand reinforces Chroma’s vision to make Quest Plus Hotels & Resorts the premium value-driven choice for both business and leisure travelers across the Philippines.

The recent move represents a new chapter for guests travelling to the South, as they can look forward to refreshed rooms, elevated event spaces, and dynamic dining concepts. All are designed to make every stay smart, seamless, and satisfying.

At Quest Plus Manila, guests can expect comfort from freshened rooms and thoughtful amenities that make every stay easy and enjoyable, value-driven by flexible packages for meetings, corporate stays, and family getaways, and more flavors from dining experiences that highlight familiar favorites in the South.

Whether for a quick business trip, a weekend getaway, or a full-scale conference, Quest Plus Conference Center, Manila invites guests to discover South’s new stay destination—one that’s familiar yet excitingly new.

“Alabang has always been a key destination for corporate and leisure travelers,” Montenegro added.

On its official website, Quest Plus Conference Center, Manila posted a welcome message as follows:

Welcome to Quest Plus Conference Center, Manila, your gateway to effortless comfort and rewarding experiences in the heart of Alabang.

Whether you’re here for business, leisure, or a bit of both, you’ll find more than just a place to stay — you’ll find space to connect, unwind, and make every moment count.

Located right within the vibrant Filinvest City, our hotel offers a refreshing balance between work and play, with contemporary guestrooms, elevated dining options, and thoughtfully designed meeting spaces for every kind of traveler.

To know more about Quest Plus Conference Center, Manila, click https://www.questhotelsandresorts.com/manila. You can also visited their Facebook page by clicking https://www.facebook.com/QuestPlusManila. For their Google Maps location, click https://maps.app.goo.gl/y1zEa1tSYc9o3bDYA

Let me end this post by asking you readers: What is your reaction to this recent development? Were you surprised by the rebranding of the premium hotel in Filinvest City? Quest Plus Conference Center, Manila can make Alabang a more attractive destination for tourists and foreign investors?

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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