economy – Page 5 – Author Carlo Carrasco

BCDA To Ensure Philippines Will Benefit A Lot From Pax Silica

August 24, 2026August 19, 2026carlocarrasco

The Bases Conversion and Development Authority (BCDA) recently announced that it will ensure the Philippines will benefit a lot from the ambitious Pax Silica project as they negotiate with the United States on the final framework, according to a GMA News report.

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

The Bases Conversion and Development Authority (BCDA) on Wednesday said it will ensure that the Philippine side, negotiating with the US on the final framework agreement to hit the ground running for the Pax Silica project in New Clark City, Tarlac, will push for a deal that would be most beneficial for the country.

At the Kapihan sa Manila Hotel, BCDA President and CEO Joshua “Jake” Bingcang said that the government is eyeing to sign the comprehensive framework agreement for the Pax Silica initiative with the US by November.

However, Bingcang admitted that “negotiations can always take longer,” noting that the target signing “is not cast in stone as long as the two [parties] will come up with mutually agreed arrangement.”

Nevertheless, the BCDA chief said the Philippines is pushing for terms that would “most beneficial sa’tin (to us)” as negotiations for the framework deal are ongoing.

“It’s a business contract, normally it is favorable to the host country,” he said.

Bingcang said the government has also made clear that the project will operate under the BCDA’s governing legal framework and applicable investment laws.

“It would be covered by two Philippine laws —the BCDA law and CREATE MORE so the incentives provided will be covered by these two laws,” he said.

“Never in that initial arrangement that we are going to adopt anything other than the two laws,” he added.

Pax Silica is the US Department of State’s flagship initiative on artificial intelligence and supply chain security, aimed at advancing a new economic security framework among allies and trusted partners.

The Philippines in April officially joined the Pax Silica initiative, cementing its place among other 23 global signatories, including the European Union, Japan, India, Singapore, South Korea, and the United Kingdom.

As part of the initiative, Manila and Washington are working to establish a 4,000-acre industrial hub that is envisioned as a new model for AI-focused investment within the Luzon Economic Corridor.

The BCDA chief earlier clarified that the Pax Silica hub is not envisioned as a cluster of hyperscale data centers but as an industrial hub that would include the manufacturing of semiconductors and microchips used in computers, laptops, electric vehicles, and other technologies.

Bingcang said that through Pax Silica, the Philippines and its partners see an opportunity to process raw materials domestically instead of exporting them in unprocessed form.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that the BCDA will be able to secure an agreement with the Americans to ensure the Philippines will benefit from Pax Silica economically? Do you realize Pax Silica’s potential to boost manufacturing jobs and the processing of raw of materials in the Philippines?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA Port Operations Revenue Grows 8% in First Half of 2026

August 23, 2026August 19, 2026carlocarrasco

Even though global economic headwinds were very challenging and the economy of the Philippines continued to slow down, revenue of the Port Operations Group of the Subic Bay Metropolitan Authority (SBMA) reached P874 million in the first half of 2026 (8% higher compared to the same period last year), the authorities confirmed.

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

The Subic Bay Metropolitan Authority (SBMA) today disclosed a robust 8% increase in consolidated gross revenue from its Port Operations Group, reaching Php 874 million in the first half of 2026, compared to Php 806 million in the same period last year.

This growth was propelled by stronger earnings in the Seaport and Trade Facilitation and Compliance Department (TFCD), despite ongoing global economic challenges.

SBMA Deputy Administrator III for Operations Group, Ronnie Yambao, attributed the positive performance to strategic initiatives that balanced growth with stakeholder support.

“We successfully navigated a complex global environment while implementing discount measures totaling approximately Php 81 million. These were aligned with Executive Order No. 110 of President Ferdinand R. Marcos, Jr., aimed at mitigating disruptions caused by the fuel supply crisis linked to the Middle East conflict,” Yambao explained.

Breaking down the revenue contributions for H1 2026:

• The Seaport Department continued to be the primary revenue driver, contributing 78% of the consolidated gross income with Php 683 million—marking a 10% increase year-on-year. This growth was largely fueled by an 18% rise in non-containerized cargo, particularly bulk and break- bulk shipments, which surged 24%.

• Subic Bay International Airport accounted for 14% of the revenue, registering a slight 3% decrease due to lower leasing activities and reduced military logistics operations.

• Meanwhile, the Trade Facilitation and Compliance Department recorded an impressive 17% revenue increase, boosted by the newly implemented Registration Certificate (RC) Policy which introduced additional fees on trucks, heavy equipment, and regulated goods.

The notable increase in non-containerized cargo was further supported by an 88% surge in rice imports. This import growth was driven by proactive government measures to secure rice stocks ahead of the anticipated El Niño weather phenomenon.

The Department of Agriculture (DA) emphasized the critical importance of maintaining sufficient rice inventories in response to potential climate-related production impacts.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that port operations in the Subic Bay Freeport Zone will somehow grow stronger until the end of this year?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Russia Conducts Missile Test Off Japan-claimed Islands

August 22, 2026August 21, 2026carlocarrasco

It is clear that Russia is the newest regional problem for Japan. Not only have their ties been strained since 2022, tension intensified as Russia conducted a missile test off the group of islands claimed by Japan, according to a news report by Kyodo News. Recently, Russian President Vladimir Putin visited Etorofu Island (referred by the Russians as Iturup) which drew backlash from the Japanese.

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

Russia’s Pacific Fleet said Thursday it has conducted a missile test off a group of Russian-held, Japanese-claimed islands amid an intensifying row over the disputed territory following President Vladimir Putin’s first-ever visit there last week.

While it was unclear exactly when the test was carried out, the announcement comes after the Russian Foreign Ministry summoned Japanese Ambassador to Russia Akira Muto over Japan’s protest against Putin’s trip to the area.

Putin visited Etorofu Island, the largest of the four islands collectively called the Northern Territories by Japan and the Southern Kurils by Russia, on Aug. 13.

The naval fleet said a unit equipped with the Bastion surface-to-ship missile system conducted the test. The system is deployed to Etorofu.

The guided missile cruiser Varyag, the flagship of the Pacific Fleet, also took part in the missile test along with the Omsk nuclear-powered submarine, the fleet said.

The test simulated an attack on enemy vessels and succeeded in hitting all the intended targets at a range of at least 300 kilometers, according to the fleet.

“We cannot tolerate moves (by Russia) to strengthen military power on the four northern islands because they go against our country’s stance (on the territories),” Japanese Foreign Minister Toshimitsu Motegi told reporters Thursday during his visit to Oman.

A senior ministry official revealed Friday that Japan had lodged a protest with Russia shortly after Moscow notified Tokyo that it would conduct the missile exercise during the week beginning last Sunday.

Japan says the islands, which also include Kunashiri, Shikotan and the Habomai islet group, were illegally seized by the Soviet Union soon after Japan’s surrender in World War II on Aug. 15, 1945. Russia claims the action was legitimate, saying the islands became part of its territory as a result of the war.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Russia’s military activity in the Pacific is the first sign of more disturbances that will affect Japan and possibly the rest of Asia? Do you anticipate China or North Korea will get involved in the Russia-Japan conflict at sea? Do you think the tension with Russia will negatively impact the economy of Japan?

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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AHVA Announces 2026 Bar Exams Security Plan for September 6, 9 and 13

August 22, 2026August 21, 2026carlocarrasco

Once again, San Beda College Alabang (SBCA) inside Alabang Hills Village will be hosting the bar exams schedule for September 6, 9 and 13. In relation to this, the Alabang Hills Village Association (AHVA) announced the security plan to ensure safe, secure and traffic-free conditions along Don Manolo and Don Jesus Boulevards during the conduct of the exams.

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

We would like to inform you that the Supreme Court of the Philippines has once again decided to have the 2026 Bar Exams conducted at San Beda College Alabang (SBCA). Exam dates/times are set for September 6, 9 & 13, from 0700H to 1800H.*

For this 3-day event, AHVA Security has developed a comprehensive security plan in coordination with relevant authorities. The objective of the plan is to ensure safe, secure and traffic-free conditions along Don Manolo and Don Jesus Boulevards during the conduct of the exams.

Following are the restrictions:

A. VEHICLE CONTROL

During the examination dates, only vehicles with valid AHVA stickers and Supreme Court car passes will be authorized to enter Alabang- Zapote & Tirona gates.
Vehicles of expected visitors, delivery & village workers are requested to enter the Don Jesus Blvd gate

B. CROWD CONTROL

Bar supporters and well wishers are not allowed to gather at the drop-off area and in Alabang-Zapote & Tirona gates
Village workers with valid AHVA IDs are requested to enter the Don Jesus Blvd gate
Media Personnel who wish to cover the on- going bar examination are not allowed to enter the village.

For further updates from the AHVA, visit https://alabanghillsvillage.com/ or call them at 88508254. You can visit their office at 1 Don Jesus Boulevard inside Alabang Hills Village from Monday to Friday, 8AM to 5PM. Always remember to follow their rules and speed limits whenever you are in the village.

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Philippines Energy Department Identifying More Potential Nuclear Power Plant Sites

August 19, 2026August 15, 2026carlocarrasco

The Department of Energy (DOE) is identifying more potential sites in the Philippines for nuclear power facilities, according to a news report by BusinessWorld.

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

THE DEPARTMENT of Energy (DoE) is identifying more potential sites for nuclear power facilities as the government targets 1.4 gigawatts of nuclear capacity by 2038.

Energy Undersecretary Giovanni Carlo J. Bacordo said the government is studying seven areas as possible locations for future nuclear power plants.

“There are two sites in Bataan, two sites in Palawan, one in Masbate, Pangasinan, and Camarines Norte,” Mr. Bacordo told reporters on Tuesday.

These sites have undergone initial assessment, with technical assistance from the International Atomic Energy Agency (IAEA) to determine whether the areas can safely host nuclear facilities.

“Nuclear energy is not simply about deciding to build a power plant. We must build the institutions, the regulatory system, the technical capability, the financing framework, and the public confidence to support it,” Mr. Bacordo said.

These sites will set the foundation as the Philippines works toward its goal of developing 1,200 megawatts (MW) of nuclear power generation by 2032. Beyond this target, the country is also considering the entry of 1,400 MW of nuclear capacity by 2038.

The DoE said the country’s progress on nuclear development heeds to the call of President Ferdinand R. Marcos, Jr. in his 2026 State of the Nation Address to revisit nuclear energy as part of efforts to strengthen energy security and bring down electricity costs.

The Philippines is positioning nuclear energy as part of efforts to diversify its energy mix, reduce emissions, and enhance energy security.

“Nuclear can add firm capacity and diversify the energy mix, but it does not replace the need for other technologies,” Energy Secretary Sharon S. Garin said.

Amid concerns over the safety of nuclear power, the DoE said public acceptance has increased, citing a Social Weather Stations survey that showed public approval of nuclear energy rose to 82% in 2024 from 79% in 2019.

While laying down the groundwork for nuclear energy sites, the DoE said it also focuses on addressing the remaining work across the IAEA’s 19 nuclear infrastructure issues, with priority areas covering electrical grid readiness; safety, security and safeguards; legal and regulatory requirements; emergency preparedness; nuclear fuel cycle and waste management; stakeholder involvement; and nuclear workforce development.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that nuclear energy will be realized in the Philippines in your lifetime? Did you encounter a lot of people living with nuclear fear?

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 Attracts FDI Worth $210 Million in May 2026

August 18, 2026August 15, 2026carlocarrasco

The Philippines, which hosted the summit of the Association of Southeast Asian Nations (ASEAN) and other related conferences, failed once again on attracting significant foreign direct investment (FDI) as the May 2026 FDI net inflow was counted at $210 million only making it the lowest in eleven years, according to a news report by the Manila Bulletin.

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

Foreign direct investment (FDI) net inflows into the Philippines plunged to $210 million in May, the lowest monthly total in more than 11 years as global economic volatility and geopolitical tensions prompted foreign companies to delay capital commitments.

According to the latest data from the Bangko Sentral ng Pilipinas (BSP), released on Monday, Aug. 10, the May figure represents a 64.7 percent contraction from the level recorded in May 2025 and falls below the previous record low of $200.43 million seen in March 2015.

The sharp monthly drop dragged total net inflows for the first five months of 2026 to $2.18 billion, a 33.4 percent decline from the $3.27 billion recorded in the same period last year.

According to the BSP, the cumulative decline was “driven by lower foreign net investments in debt instruments and reinvestment of earnings, which more than offset the increase in net equity capital investments (other than reinvestment of earnings).”

The central bank added that this trend “reflected lower intercompany borrowings from foreign direct investors and reduced earnings retained for reinvestment during the period.”

Among its components, the primary driver of the May shrinkage was the sharp fall in net investments in debt instruments, which tumbled 92.1 percent to $35 million from $440 million a year earlier.

As of end-May, debt instruments—which “consist mainly of intercompany borrowing or lending between foreign direct investors and their subsidiaries or affiliates in the Philippines”—totaled $1.25 billion, dropping by nearly half from the $2.48 billion recorded in 2025.

This five-month performance follows a challenging 2025, during which annual net inflows plunged to $7.79 billion from $9.40 billion in 2024. The BSP forecasts inflows to clock in lower at $7 billion before rebounding to $8 billion in 2027.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think hosting the ASEAN Summit will lead the Philippines to economic miracles and stronger FDI in the near future?

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

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Strong Demand for American Dairy Products in the Philippines Continues

August 16, 2026August 15, 2026carlocarrasco

With growing demand for high-quality protein realized, the Philippines will keep importing more dairy products from the United States, according to a news report by the Manila Bulletin. It should be noted that the Philippines does not have a huge dairy production and local consumption of dairy (and other products that require dairy to be made) kept on growing.

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

The Philippines is expected to increase its imports of dairy products from the United States (US), driven by growing demand for high-quality protein and limited local dairy production, according to the US Dairy Export Council (USDEC).

USDEC Regional Director Dali Ghazalay said US dairy exports to the Philippines are on track to remain strong this year, as demand for dairy products continues to expand.

She said the demand is particularly strong when it comes to meeting the country’s nutrition needs, with dairy playing a crucial role in nutritionally adequate diets.

“The demand for dairy will still be very strong because of nutrition and what dairy can contribute to the nutrition needs of the Philippines,“ Ghazalay said on the sidelines of USDEC’s trade seminar on Thursday, Aug. 13.

Based on USDEC data, US dairy exports to the Philippines are estimated at around 143,000 metric tons (MT). Top exports include skim milk powder, buttermilk powder, and dairy permeate.

Currently, the Philippines is the top export destination for US dairy goods in Southeast Asia, according to USDEC.

Increased demand this year is expected to be driven by dairy products with high-quality nutritional protein, such as skim milk powder.

Ghazalay said demand is also on the rise for whey proteins and milk proteins, which are usually integrated into high-value-added products such as protein powder for fitness purposes.

Ultimately, she noted that increased dairy demand from the US is also a direct result of the country’s subpar domestic output, which remains unable to meet local demand.

“Local dairy production is still very small. And you do need to supplement that with different dairy ingredients to meet all these different products that the consumers here need,” said Ghazalay.

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

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Japan Eyes Measure Against Russia Over Putin’s Visit to Etorofu Island

August 15, 2026August 21, 2026carlocarrasco

Following Russian President Vladimir Putin’s visit to Etorofu Island, Japan is considering a measure against Russia in response, according to a news report by Kyodo News. The Japanese have protested against the visit and tension with Russia is heating up.

Etorofu Island is located off Hokkaido and Japan has claimed it even though Russia has control of it. Historically, Russia – then the Soviet Union – seized Etorofu after Japan surrendered way back in World War II. The Russians call the island Iturup.

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

Japan is considering taking some measure against Russia, following President Vladimir Putin’s visit to Etorofu Island, a senior Foreign Ministry official said Friday.

Putin made his first trip to the Russian-controlled, Japanese-claimed island chain off Hokkaido as president or prime minister Thursday, drawing a backlash from Tokyo, which called it “totally unacceptable.”

“We are considering what step to take going forward,” the official told reporters. An additional sanction is believed to be under consideration.

The islands, known in Japan as the Northern Territories and by Russia as the Southern Kurils, have long been at the center of a territorial row between the countries. The visit came as ties between Japan and Russia remain strained amid Moscow’s ongoing invasion of Ukraine.

Japan maintains that the island chain, consisting of Etorofu, Kunashiri, Shikotan and the Habomai islet group, was illegally seized by the Soviet Union soon after Japan’s surrender in World War II. Russia argues the seizure was legitimate.

On Thursday, the Japanese government summoned Nikolay Nozdrev, Russia’s ambassador in Tokyo, and lodged a strong protest over Putin’s visit, while Prime Minister Sanae Takaichi said the Northern Territories are an inherent part of Japanese territory “both historically and under international law.”

According to the Russian government, Putin visited a fish-processing plant, a hospital and a school and met with local residents.

The territorial dispute has meant the two countries have never signed a peace treaty after World War II.

Under former Prime Minister Shinzo Abe, Takaichi’s political mentor, Japan pursued closer ties with Russia in the hope of resolving the Northern Territories dispute. Abe met Putin 27 times during his tenure ending in 2020.

In 2018, the two agreed to accelerate peace treaty talks based on a 1956 joint declaration between Japan and the Soviet Union that called for the handover of two smaller islands — Shikotan and the Habomai islet group — after a peace treaty was signed.

The talks were suspended after Russia invaded Ukraine in 2022. Prospects for resuming negotiations remain dim as ties have deteriorated following Japan’s participation in U.S.-led sanctions against Moscow.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the diplomatic relationship between Russia and Japan will remain strained for the foreseeable future? Do you consider Russia’s seizure of Etorofu Island illegal?

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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Over One Thousand Filipinos Working In Greenland

August 15, 2026August 11, 2026carlocarrasco

As Greenland struggles to fill its labor gap, the number of Filipinos living and working there has exceeded one thousand and their community has grown significantly, according to a news report by VnExpress.

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

Filipinos and Thais have become the two largest foreign communities in Greenland, filling a labor gap the Arctic territory cannot close from its own population of about 57,000.

Roughly 1,300 Filipinos and 460 Thais now live on the island, CNA reported. The Filipino community has grown nearly fivefold from five years ago, while the Thai population has roughly doubled.

AFP put the Filipino figure slightly lower, at about 1,200, in a May report from Ilulissat, and identified Filipinos as the largest foreign diaspora in the Danish autonomous territory.

In Nuuk, the capital, there were 770 Filipinos in 2026, compared with 118 a decade ago.

They work in supermarkets, hotels, restaurants, fisheries, cleaning companies, breweries, health facilities and small businesses.

CNA reported that 12% to 13% of the workforce now comes from outside Greenlandic backgrounds, a category that includes Danes and other Europeans. AFP, citing Greenland’s employers’ organizations, put the share of Asian workers at 5% to 6%.

Greenland is the world’s largest island at about 2.16 million square kilometers, roughly the size of Western Europe, but its ice sheet covers close to 80% of the surface and its population is smaller than that of a mid-sized town.

The island is expanding tourism, services, mining and energy. A survey by the Greenland Business Association found a shortfall of around 600 workers across all sectors, and the association says the real gap is larger.

“If we all had two or three jobs, we still wouldn’t have enough people in Greenland. So we are going to be dependent on people coming in,” Christian Keldsen, the association’s director, told CNA.

A worker from Asia in Greenland earned an average of $52,800 across all sectors in 2024, according to figures cited by CNA. That is about 9.5 times the average annual wage in Thailand and more than 12 times the average in the Philippines.

A work permit also carries publicly financed healthcare, medicine, education and retirement benefits, said Steven Arnfjord, a professor at the University of Greenland who directs its Center for Arctic Welfare.

Few migrants arrive through recruitment agencies. One relative secures a permit, establishes themselves, then brings a spouse or children through family reunification.

Kristine Juul, a researcher at Roskilde University, has described the pattern to Polar Journal as chain migration, in which relatives and friends pass job information across continents.

Annabelle Cruz, 39, is a sales leader at the Brugseni supermarket chain in Nuuk. She is one of 31 members of her extended family now living and working in the capital, a chain that began 16 years ago when her sister moved.

Cruz arrived from Pampanga two years ago and now switches between English, Danish and Greenlandic on the shop floor.

About 10.7 million Filipinos live overseas, close to a tenth of the country’s population, according to the Commission on Filipinos Overseas.

Personal remittances reached a record $39.62 billion in 2025, the Bangko Sentral ng Pilipinas reported, while cash remittances of $35.63 billion equaled 7.3% of GDP. Thailand’s inflows run at roughly 2% of GDP, World Bank data shows.

Keldsen said the government is working with employers on faster hiring. The old assumption that outside labor signals local incompetence is a colonial hangover that could fuel a backlash if handled badly, he said.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you surprised to learn about the fast-growing community of Filipinos living there in Greenland? Do you know anyone who visited Greenland before?

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 Attracts 3.7 Million International Visitors in First 7 Months of 2026

August 15, 2026August 12, 2026carlocarrasco

The Philippines, which has been struggling with weak economic growth and high inflation, attracted 3.7 million international visitors in the first 7 months of this year, according to a news report by BusinessWorld.

Be mindful that the words “international visitors” includes both foreign tourists as well as Filipinos who are based abroad who happened to return to the country as “balikbayan”. For insight, the Philippines attracted 5.9 million foreign tourists in 2025 plus over half-a-million Filipinos from overseas which combines for 6.4 million international visitors for the year. For the first half of 2026, the nation attracted 2.9 million foreign tourists.

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

The number of Philippine international visitors grew to around 3.7 million as of July, buoyed by more relaxed visa policies, with growing markets seen in China, India, and Taiwan, according to the Department of Tourism (DoT) on Friday.

DoT Undersecretary Verna Esmeralda C. Buensuceso cited the figure, noting a 4.25% increase in tourist arrivals compared to last year.

“From January to July this year, the Philippines welcomed approximately 3.7 million international visitors, representing a 4.25% increase in visitor arrivals compared to the same period last year,” Ms. Buensuceso said during the launch of the 4th Travel Sale Expo 2026.

“We are seeing good growth from markets like China at 67%, India at 34%, and Taiwan at 11.21% growth, buoyed in large part by more liberal visa policies,” she added.

The tourism Undersecretary also noted sustained growth trajectories from the country’s traditional foreign markets such as the United States of America, Canada, and Japan, driven by additional flights.

The country is also experiencing double-digit to triple-digit growth in international arrivals from our Southeast Asian peers, such as Indonesia, Vietnam, Myanmar, Cambodia, Laos, and Timor-Leste, due to the ongoing ASEAN Summit 2026 where the Philippines serves as the host country.

“These are encouraging signs, but let me emphasize that our goal is not simply to increase the number of arrivals,” Ms. Buensuceso said.

“Our real goal is to increase the value of tourism. We want tourism to create more jobs, attract more investments, and generate more opportunities that reach communities across the country,” she added.

The tourism industry contributed 8.1% to the country’s gross domestic product (GDP) in 2025, down from 8.7% in the previous year, according to the Philippine Statistics Authority (PSA). It also employed around 7.70 million Filipinos in 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT is padding the numbers on tourist arrivals to avoid embarrassment in the near future? Do you think the Philippines will be able to surpass 2025’s 5.9 million foreign tourist count by the end of this year? Do you believe that hosting the ASEAN Summit is actually helping the Philippine attract more tourists from its Southeast Asian neighbors?

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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