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?
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).
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.”
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
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?
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
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.
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?
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
When Starbucks Philippines opened its newest branch in Filinvest City right across the Filinvest City Central Park in late October, there was a lot of social media buzz as well as discussions within Alabang community members about it ranging from happiness to being concerned.
To be clear, the said Starbucks Filinvest City branch is in a standalone place (no other business establishments beside it as of now) and it is the first-ever Starbucks Drive-Thru in Alabang. Being across Filinvest City Central Park, the coffee shop is a short walk away from East Asia Drive establishments like Parque España, Commercenter and The Mondrian Residences.
This is what the new standalone Starbucks in Filinvest City looks like.
A view within the 2nd floor. There is a lot more space off-camera.
The path leading to the drive-thru.
Although the new Starbucks branch was described as being located along Filinvest Avenue, its front (entrance and exit) is actually located along East Asia Drive as it faces Filinvest City Central Park. It also has its own parking area where motorized customers can park for free. For the Google Maps location, click https://maps.app.goo.gl/MVohqcwfrzRdry9C9
For a clear view of the location of Starbucks Filinvest City, watch the video I recorded and posted below. It is my solo walk video from Commercenter to Starbucks.
The coffee shop operates Monday to Sunday, from 6AM to 11PM.
On November 1, I made my first visit at the place to see it personally. It has a nice interior and the typical Starbucks look on the menus, the counter and display of food and drinks. What caught my attention was how spacious the 2nd floor was in terms of seats and walking space. The large windows provided visitors nice views of the Filinvest City Central Park and Filinvest Avenue. On that day, I did not order anything as I went there to look and observe.
On November 4, I finally made my first order of coffee by means of drive-thru. Even though there were two vehicles ahead of me, the drive-thru experience at Starbucks near Filinvest City Central Park was pretty smooth lasting less than ten minutes. I had a hot white chocolate mocha.
The menu displayed during my drive-thru experience.
My cup of coffee from the drive-thru.
As mentioned earlier, there were some people online who expressed concern about how the newest Starbucks branch in Alabang would affect the ambience very near the park which is a popular weekend destination for both local residents and visitors who enjoy the fresh air and open space.
There were those who expressed concern about the anticipated increase of vehicles along East Asia Drive by the park, and the possibility that someday, a long line of cars could be formed in the event a lot of motorists decide to buy coffee via drive-thru. Some commented that more vehicles attracted by Starbucks might make East Asia Drive less friendly and even risky for those who enjoy jogging or biking on the said road.
A few commented that Alabang alone has lots of branches of Starbucks already and I can relate with that. There is a Starbucks Reserve inside Westgate. Alabang Town Center has one (two if you count there other one at Metro Alabang), Molito Lifestyle Complex has one, One Griffinstone building has one, Festival Mall has two, a few in Northgate Cyberzone, and so on.
On the other hand, some people commented that having coffee at Starbucks will somehow boost their chances to visit Filinvest City Central Park which itself has special events during weekends depending on the season and weather conditions. The park has been a special place for Christmas activities (read my 2024 Christmas spectacle at the park by clicking here) and night-time music shows (recently held at The Nest, a special structure that provides a wide roof). For the Google Maps location of Filinvest City Central Park, click https://maps.app.goo.gl/vzt8D9yLzRSVVhae9
Let me end this post by asking you readers: What is your reaction to this recent development? Have you been to Starbucks near Filinvest City Central Park? If you have been there, what do you think about the design of the coffee shop? Have you tried their drive-thru?
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
During the Asia-Pacific Economic Cooperation (APEC) recently held in South Korea, President Ferdinand “Bongbong” Marcos, Jr., stated that his administration is pursuing artificial intelligence (AI) and integrate it across the agencies of the Philippine government sooner than later, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the news report of Manila Bulletin. Some parts in boldface…
President Marcos said his administration is determined to adopt artificial intelligence (AI) across government agencies “as much as we can, as soon as we can,” warning that waiting too long would mean missing out on opportunities for innovation and efficiency.
“You’re missing a chance if you wait,” Marcos told reporters here on Saturday evening, Nov. 1.
“AI is going to come. Parang alon ‘yan, eh. Kahit anong gawin mo, mababasa ka (AI is like a wave — no matter what you do, you’ll get wet),” he added.
The President said the Philippines must quickly learn how to use AI “in the best, secure, and benevolent way” to serve the public, warning that failure to adapt could leave the country behind.
“If you do not learn how to swim, if you do not learn how to use AI properly, may iwanan ka talaga (You’ll be left behind),” he said.
According to Marcos, AI’s rapid evolution makes it necessary for governments to study and apply the technology carefully.
“What AI can do one month ago is different from what AI will be able to do one month from now. That’s why people can’t quite understand it — it learns,” he said.
He described AI as “such a powerful tool” that could transform governance, public service, and economic competitiveness.
“You must take advantage of it as quickly as possible. You have to learn how to use it as quickly as possible,” the President said.
He added that other world leaders in the Asia-Pacific Economic Cooperation (APEC) share the same sense of urgency.
“That’s one of my big takeaways from APEC. All the other leaders as well — they recognize how quickly AI will overwhelm us if we do not learn how to handle it properly,” he said.
Not a one-size-fits-all approach – Asked whether he plans to issue a directive guiding agencies on AI adoption, Marcos said it was too early to impose a blanket policy.
“It’s not yet clear what AI you use for government,” he said.
“Each department has a slightly different AI. We have to learn — we’re still studying,” he added.
The President said the government intends to consult both local and international experts to identify which applications of AI are most useful and which areas require caution.
“We have to talk to the experts — the whole world — and find out what does it do well, what doesn’t it do well,” he said.
Still, Marcos emphasized that AI adoption must be people-centered, helping Filipinos rather than replacing them.
In my opinion, using AI for governance and public service still looks uncertain. Considering how powerful or sophisticated AI has gotten today, it can be prone to abuse by the government. Worse, there is no guarantee right now how to protect human users from getting overwhelmed in the event that AI becomes self-aware and turns rogue against humanity. Just two years ago, GMA Network came up with fake sportscasters (both generated by AI) which caused some controversy here in the Philippines and only reminded people that AI has no soul and no humanity. Apart from being harmful to human workers in the business world, lots of AI applications made errors that affected users in varying ways. AI is currently not so effective in Japan in relation to finding solutions to their rice production problems. Watch and learn from the videos below.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think AI will really be helpful with regards to governance and public service? Do you think Congress should first make a new law and a series of rules covering AI? What safety measures should be taken to protect people in case rogue AI happens? Do you think the AI move is a convenient strategy of the administration to keep people’s attention away from the flood control corruption scandals and the weakening economic growth of the country?
The official economic numbers have been unveiled at last by the Philippine Statistics Authority (PSA) and the results are disappointing as the gross domestic product (GDP) growth of the Philippines for the 3rd quarter of 2025 landed at a disappointing 4%, according to a Malaya Business Insight new report. The results could mean that the Philippine economy could fall short of the 5.5% to 6.5% GDP growth range by the end of this year.
To put things in perspective, posted below is an excerpt from the news report of Malaya Business Insight. Some parts in boldface…
The Philippine economy expanded by 4 percent in the third quarter of 2025, a sharp slowdown from the second quarter and the year earlier as public construction spending eased amid stricter validation measures for government projects.
The third-quarter growth rate in gross domestic product (GDP) marks a deceleration from a 5.49 percent rise in the second quarter.
Data released on Friday by the Philippine Statistics Authority (PSA) also showed growth in the third quarter this year lost some momentum from 5.2 percent in the third quarter of 2024.
For the first nine months to September 2025, GDP grew by an average of 5 percent, easing from a rise of 5.8 percent in the year-earlier period.
Department of Economic Planning and Development (DEPDev) Secretary Arsenio Balisacan said services and industry, on the supply side, posted weaker growth. He pointed out that Department of Public Works and Highways (DPWH) civil works went through stricter validation measures.
Q3 growth drivers – National Statistician and PSA Undersecretary Claire Dennis Mapa said the main contributors to growth during the July-to-September period were wholesale and retail trade, including the repair of motor vehicles and motorcycles (up 5.0 percent); financial and insurance activities (5.5 percent); and professional and business services (6.2 percent).
“All major economic sectors — agriculture, forestry, and fishing; industry; and services — posted year-on-year growths in the third quarter,” Mapa said, citing respective increases of 2.8 percent, 0.7 percent, and 5.5 percent.
On the demand side, household final consumption expenditure grew by 4.1 percent year-on-year, while government spending rose 5.8 percent. Exports of goods and services climbed 7.0 percent, and imports expanded 2.6 percent. In contrast, gross capital formation — the measure of investment in fixed assets — fell 2.8 percent, reflecting caution among businesses and slower project rollouts.
Weaker services and industry – In a separate statement, DEPDev Secretary Balisacan, referring to the easing of the supply side, particularly in the services and industry performance in the nine-month period, cited “a sharp contraction in public construction due to stricter validation measures for DPWH civil works, as well as the implementation of new requirements that delayed billings and disbursements for government projects.”
Despite the slowdown, Balisacan pointed out that private construction “remained respectable,” though investment in durable equipment “was subdued.”
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines does not have enough momentum to achieve the national government’s GDP growth range for 2025? Do you think the ongoing flood control corruption scandal developments have turned away lots of foreign investors?
During his speech at a major business forum held in Miami, Florida, US President highlighted bright spots of the national economy that were realized during his administration this year, according to a news report by Breitbart. It should be remembered that Trump was re-elected last year and there was series of economic hardships (including the worst inflation in decades) during the four years of failed US President Joe Biden.
To put things in perspective, posted below is an excerpt from Breitbart’s news report. Some parts in boldface…
President Donald Trump touted economic bright spots–including rising wages, lowering costs of goods, and falling interest rates–during his speech at the American Business Forum in Miami, Florida, on Wednesday.
Trump noted that under his presidency, miner wages have risen by an average of almost $5,000, construction worker wages have climbed by $2,200, and factory worker wages are up $1,300.
While wages are up, prices on many key goods are falling. Trump touted Walmart’s announcement that the average Thanksgiving Dinner will see a substantial drop this year. As Breitbart News reported late last month, Walmart’s bundle to feed 10 on Thanksgiving will run just under $40, averaging about $4 per person.
This is down from the average of $7 per person under last year’s pricing, when President Joe Biden was commander-in-chief on the heels of the 40-year-high inflation his and Democrat lawmakers’ economic policies brought upon Americans.
Trump also highlighted that egg prices are down 85 percent since March. In comparison, the Biden-Harris administration oversaw a 147 percent increase from the beginning of their administration through August 2024, just months before Trump’s historic election win on November 5, the first anniversary of which was Wednesday.
Other areas of dwindling costs Trump touted included energy prices and the typical new mortgage costs, which have dropped $3,000 this year. Moreover, interest rates are down to the 3.75-4 percent range after a second-quarter point rate cut this year at the end of October, as Breitbart News reported.
Trump touted job statistics as well on Wednesday, noting that 1.9 million more natural-born Americans are employed since he took office, and all new jobs created under him have been through the private sector.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US economy is on the verge of taking off in connection with the many positive economic developments that happened since Trump returned as President? Are Americans becoming better off economically today than four years prior?
BMI, a unit of Fitch Solutions, officially lowered its 2026 gross domestic product (GDP) for the Philippines at 5.2% pointing a series of factors such as remittances slowdown, weaker investor sentiment, US tariffs on Philippine goods and the effects of the flood control corruption scandals, 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…
Fitch Solutions’ unit BMI has sharply lowered its 2026 Philippine growth forecast to well below the government’s six- to seven-percent target, citing an expected slowdown in remittances, a weaker trade balance, muted investment sentiment, and downside risks to government spending stemming from the flood control fiasco.
“We expect remittance growth to slow due to tighter US [United States] immigration policy and a one-percent remittance tax on transfers from the US starting in 2026,” BMI said in a commentary published on Thursday, Oct. 23.
“A slowdown in remittances will weigh on domestic consumption, which will have an outsized impact on growth given the domestically driven economy,” BMI explained.
Against this backdrop, BMI has slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 5.2 percent, one-percentage-point (ppt) lower than the 6.2 percent it projected previously.
If realized, this would also fall below this year’s growth goal of 5.5 to 6.5 percent, and 2024’s actual pace of 5.7 percent.
Another policy by US President Donald Trump that could drag down the local economy is the 19-percent tariff on Philippine exports, but zero tariffs imposed on select American imports.
This US-Philippines trade setup, according to BMI, “will weigh on the trade balance in 2026.”
Goods exports growth in August was the slowest in 2025 as US tariffs took effect and exporters’ front-loading of outbound shipments ended.
The latest Philippine Statistics Authority (PSA) data showed that goods exports grew by 4.6 percent year-on-year in August, marking the slowest increase since the 1.9-percent decline in December 2024
BMI also believes investor sentiment will “likely” remain muted next year as “erratic US trade policies will weigh on global investor sentiment and limit foreign direct investment inflows [FDIs].”
Domestically, government spending could bear the impact of a scenario where the ongoing flood control probe leads to the unearthing of more corruption cases tied to infrastructure projects beyond flood control.
“It could lead to even tighter scrutiny on government spending and reduce spending substantially below fiscally programmed levels,” BMI said. Capital outlays had dropped by 10 percent to ₱112.9 billion as of August, according to the Department of Budget and Management (DBM).
Infrastructure spending is expected to hit ₱1.51 trillion in 2025, ₱1.56 trillion in 2026, ₱1.69 trillion in 2027, ₱1.9 trillion in 2028, ₱2.03 trillion in 2029, and ₱2.2 trillion in 2030.
Meanwhile, BMI retained its 5.4-percent Philippine growth forecast for this year, still below the lowered full-year target.
Let me end this post by asking you readers: What is your reaction to this development? Are you convinced that due to several internal and external factors, economic growth of the Philippines will be slower this year and next year? Do you agree with BMI’s findings about the Philippine economy?
With the Christmas season approaching, Bank of the Philippine Islands (BPI) warned the public about the rise of smishing as criminals have changed their strategies and used more sophisticated technology to steal people’s money, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the news report of Manila Bulletin. Some parts in boldface…
Ayala-led Bank of the Philippine Islands (BPI) is cautioning clients about a sharp, pre-holiday surge in online banking fraud linked to smishing, noting that criminals’ tactics have evolved from simple text scams to using highly sophisticated tools to steal money.
“Consumer complaints are increasing… a lot of it is seasonal. During Christmas, when people receive their bonuses, these cases really go up,” Jon Paz, BPI enterprise information security officer and data protection officer, said during the bank’s cybersecurity roundtable with the media on Wednesday, Oct. 22.
Paz reported that around eight out of 10 online banking fraud cases last year were perpetrated through smishing attacks using International Mobile Subscriber Identity (IMSI) catchers and rogue apps.
He further noted that there were almost zero IMSI-catcher-related fraud cases in 2024, but incidents began appearing around December and skyrocketed by the second quarter of this year.
“Some of the authorities reported that those who were caught were reporting to Chinese nationals,” Paz added.
An IMSI catcher is a fake cell tower device used by scammers to intercept mobile signals and steal users’ personal and banking information.
Meanwhile, a rogue app is a malicious or fake mobile application that tricks users into granting permissions or entering credentials, allowing scammers to harvest personal and banking data.
Despite the increasing number of consumer complaints in the banking industry, Paz noted that BPI’s risk tolerance is “low—one incidence of fraud is one too many for us.”
While the bank cannot disclose its total allotment for app enhancements, BPI Chief Technology Officer Alex Seminiano stated that nearly 60 individuals are working across various functions—business, technology, and operations—to enhance the bank’s mobile app.
BPI said its mobile apps are equipped with an evolving security layer that can detect risky environments and devices, such as those that are jailbroken, use overlays, or allow side-loading, to prevent potential breaches.
Let me end this post by asking you readers: What is your reaction to this development? Are you concerned that smishing will affect members of your family or those in your local community? Were you scammed online during the past six months? How many people in your local community are aware of smishing right now? Did you receive any text messages that tried to convince you to hit the link provided?
Author Carlo Carrasco 