finance – Author Carlo Carrasco

Thailand Considering Visa Waivers for Travelers from Few Specific Nations

November 2, 2026October 28, 2026carlocarrasco

With their struggling tourism industry and long-haul tourism in mind, Thailand is considering a 15-day visa exemption for travelers from a few specific nations, according to a news article by VnExpress.

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

Thailand is considering a 15-day visa exemption for travelers from Colombia, Mexico and Uzbekistan to ease visa processing delays and attract more long-haul visitors.

The Ministry of Tourism and Sports will submit a proposal to the visa policy committee on Nov. 9, Tourism and Sports Minister Surasak Phancharoenworakul said on Monday, as reported by The Nation Thailand.

The proposal comes amid growing concerns that visa-processing delays are disrupting Thailand’s long-haul tourism market, particularly travel from Latin America, with passenger show-up rates on some flights falling by 20% to 30%, Khaosod English news site reported.

Emirates recently filed a complaint with the Tourism Authority of Thailand after 20-30 passengers per flight from Mexico failed to show up because they had not received their visas in time, local media reported.

Surasak said the ministry was seeking a long-term solution to persistent visa delays affecting Mexico and other Latin American markets. The committee will assess the proposal’s security and economic implications, with the ministry seeking exemptions for countries considered to pose low security risks.

Chiravadee Khunsub, deputy governor of the Tourism Authority of Thailand overseeing international markets in Europe, the Americas, the Middle East and Africa, said visa procedures had also affected arrivals from Uzbekistan, Thai Examiner reported.

Uzbek travelers previously had to apply for Thai e-visas through the Royal Thai Embassy in Russia, a process that travel agents in Uzbekistan considered cumbersome.

Some travelers subsequently canceled their Thailand holiday packages and chose competing destinations, including Vietnam.

The proposed exemption aims to simplify entry procedures, reduce disruptions to travel plans and restore confidence among international tour operators and airline partners.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Thailand’s move to grant visa exemptions to travelers from Colombia, Mexico and Uzbekistan makes a lot of sense? Do you think Thailand will be able to match its 2025 foreign tourist arrival numbers before the end of this year? What was single biggest problem you had when it came to visiting Thailand?

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

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

Thailand Postpones $30 Departure Tax to Sustain Tourism Growth

October 31, 2026October 26, 2026carlocarrasco

With the intention to sustain the growth of its tourism sector, Thailand announced that it has postponed the planned imposition of a 1,000 Baht (US$30) departure tax on all air travelers, according to a news article by VnExpress. The nation, which attracted almost 33 million foreign tourists in 2025, also pointed to other factors behind their decision such as the higher cost of energy and the need to assess the economic outlook.

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

Thailand has postponed plans to impose a 1,000-baht (US$30) departure tax on all air travelers to sustain the tourism sector’s growth momentum amid economic uncertainty and rising energy costs.

Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said on Thursday that the government would assess the economic outlook and the impact of higher energy prices before deciding whether to proceed with the measure, Khaosod English newspaper reported.

The government is seeking to sustain the country’s tourism recovery, particularly as rising fuel costs could put additional pressure on airlines and the wider tourism industry, Ekniti said.

The decision comes amid a positive international response to Thailand’s recent hosting of the International Monetary Fund (IMF) and World Bank annual meetings, Nation Thailand reported.

The government expects tourism activity to remain strong in the fourth quarter of 2026 and wants to preserve the sector’s positive momentum.

Introducing an additional departure tax at this stage could increase costs for both the public and airlines, while also placing an extra financial burden on foreign tourists, Ekniti said.

Earlier this month, the Revenue Department invited public feedback on a draft bill proposing a 1,000-baht departure tax per trip for travelers of all nationalities flying out of Thailand. The proposed levy aims to optimize the use of existing government resources, uphold fiscal discipline and provide greater flexibility in responding to emergencies.

Let me end this piece by asking you readers: What is your reaction to this development? Was the planned imposition of a $30 departure tax on all air travelers in Thailand a huge turn-off for you? Have you visited Thailand over the past six months?

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

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Foreign Visitors’ 2026 Spending in Japan reaches $45 Billion During First 9 Months

October 29, 2026October 22, 2026carlocarrasco

Japan, which attracted over 42 million foreign tourists in 2025, counted 7.06 trillion Yen (US$45 billion) spent by foreign visitors during the first nine months of 2026, according to a recent news report by Kyodo News. The number of foreign visitors during the same time period has reached 30.73 million.

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

Spending by foreign visitors to Japan hit a record 7.06 trillion yen ($45 billion) in the nine months through September, the Japan Tourism Agency said Wednesday.

The spending, which includes shopping and accommodation costs, rose 1.9 percent from the same period a year earlier.

Spending from July through September increased 3.2 percent from a year earlier to 2.2 trillion yen. By country and region, Taiwan topped the list with 382 billion yen, followed by China with 358 billion yen.

For the three months through September, average spending per visitor was 233,677 yen, up 6.1 percent.

The number of foreign visitors during the nine months, meanwhile, fell 2.9 percent to 30.73 million, according to the Japan National Tourism Organization. It was the first decline for the January-September period since 2021, during the novel coronavirus pandemic.

Visitors from China dropped 55.5 percent amid strained relations with Japan following Prime Minister Sanae Takaichi’s remarks in November suggesting that a Chinese attack on Taiwan could prompt a response by the Self-Defense Forces in support of the United States.

South Korea topped the list with 8.3 million visitors, up 21.6 percent during the three quarters from January, followed by Taiwan with 6 million, up 19.1 percent, China with 3.3 million, the United States with 2.5 million, up 5.2 percent, and Hong Kong with 2 million, up 7.7 percent.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Japan could attract at least 43 million foreign visitors by the end of the year? What do you think explains the higher spending of foreign visitors in Japan 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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Economist Says Philippines Has Crossed into Stagflation

October 27, 2026October 22, 2026carlocarrasco

As far as one economist is concerned, the Philippines has crossed into stagflation pointing to factors like domestic government spending reductions, soaring costs of food, high price of oil and more, according to a news report by the Manila Bulletin.

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

The Philippines has crossed the line from a standard cyclical slowdown into genuine stagflation, driven by global energy price shocks, domestic government spending cuts, and soaring food costs, according to a regional economist.

Speaking at “CFME Talks Macro Outlook: Global, Australia, New Zealand, and the Philippines” briefing hosted by Center for Financial and Monetary Economics (CFME) on Wednesday, Oct. 21, David G. Fernandez, senior fellow at CFME and visiting professor at Philippine Center for Economic Development (PCED), warned that consensus growth forecasts for 2026 have plummeted from more than five percent to around 3.2 percent.

When asked what markers signal the shift to genuine stagflation, Fernandez said: “Well, I think that we’ve crossed the line. The revisions indicate that that’s what markets are expecting.”

He added that near-term growth could fall below already lowered forecasts while inflation could exceed expectations, emphasizing that this outlook “has to do with—not [the] fault of the Philippines—but the oil prices and potentially significantly higher food prices.”

“Growth could even be below the lowered forecasts and that inflation could be even higher than the higher forecasts that people have,” Fernandez added. “I worry about is that the optimism or the consensus forecast that we get back to five percent growth and you see inflation come down could be too optimistic themselves.”

Stagflation is generally understood as the simultaneous occurrence of elevated inflation, stagnant economic growth, and high unemployment, although economists do not have universally accepted numerical thresholds for determining when an economy has entered such a period.

In his presentation, Fernandez said inflation projections have shifted sharply upward, from an initial 2.6 percent toward six percent, with headline consumer price index (CPI) inflation already reaching 7.2 percent.

He described the country’s near-term trajectory as an extreme stagflation story, with forecast revisions becoming increasingly severe and the Philippines remaining firmly “under the radar” for international investors.

The economic slowdown was reflected in second-quarter gross domestic product (GDP) growth, which fell to a post-pandemic low of 2.3 percent.

Fernandez cautioned that growth was cushioned by inventory stockpiling and a doubling of government fuel subsidies even as underlying domestic demand weakened.

He said public investment plunged by nearly 14 percent following public sector retrenchment linked to the flood control scandal, while private consumption growth dropped below three percent as family incomes were eroded by rising transport and food costs.

Fernandez said it remained very difficult to build a narrative for a strong recovery. While growth may have reached its floor, he projected that any subsequent rebound would remain shallow and well below the economy’s six-percent potential trend growth.

Compounding the energy crisis, he said, is a rapid acceleration of second-round effects, with businesses passing higher input costs on to consumers faster than in previous shock cycles.

Headline inflation reached 7.2 percent in both April and September, with Fernandez pointing to rice prices surging by more than 20 percent and transport costs climbing nearly 15 percent.

He also flagged the possibility of a “Godzilla El Niño” pushing food prices even higher, warning that consumers and policymakers may have to endure headline inflation hovering around seven percent for an extended period.

Meanwhile, Fernandez said the widening economic fallout has pushed the Philippines’ current account deficit forecast to more than four percent of GDP, underscoring the country’s vulnerability to imported energy shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economist is correct that the Philippines has crossed over into stagflation? Do you think there is nothing the national government can do to lower the prices of oil, fuel and other things that are essential for Filipinos? Do you think the national economy will fall into a recession by early 2028?

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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WR Advisory Group: Philippines Very Risky for Investors

October 24, 2026October 23, 2026carlocarrasco

Based on its research covering a wide range of economic factors, financial readings and the public’s perception of governance, the WR Advisory Group finds the Philippines very risky for investors, according to a news report by the Manila Bulletin.

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

Investing in the Philippines is expected to be “very risky” in the coming months, driven by economic uncertainties and growing political dissatisfaction with the Marcos administration, according to professional services firm WR Advisory Group.

Based on its inaugural Philippine Political and Country Outlook Report, WR Advisory Group assigned the country a score of 10.375 out of 25, placing it at an elevated risk level with a deteriorating outlook.

WR Advisory Group President and Chief Executive Officer (CEO) Robin Michael Garcia said the score indicates that investing in the country carries heightened risk due to ongoing economic and political factors.

“You can invest, but just know that there are risks. So if you see a potential opportunity in this period, it’s going to be risky,” Garcia said in a media briefing on Thursday, Oct. 22.

Regarding the country’s economic outlook, he noted a strong possibility of stagflation, a scenario marked by simultaneous high inflation and elevated unemployment.

Garcia added that these risks are further compounded by national government debt, which reached ₱19.07 trillion at the end of July, equivalent to 66 percent of the country’s gross domestic product (GDP).

Economic growth also slowed to 2.3 percent in the second quarter, while inflows of foreign direct investment (FDI) dropped by more than 33 percent through May.

Garcia warned that stagflation is a real possibility, particularly if the government “does not pay enough attention to economic management and economic policy.”

“The more that we think about other things, the more that the attention is going everywhere, except for solving this potential scenario,” he stressed.

Much of that focus, according to Garcia, has shifted to political controversies, including the ongoing impeachment proceedings against Vice President Sara Duterte.

While clarifying that he was not questioning the validity of the impeachment, he explained that the proceedings come at a time when Congress should be prioritizing legislative reforms to address the country’s economic challenges.

“At this time, there are a lot of economic issues. Firms care more about economic legislation and economic policy rather than mere politics,” Garcia said.

He identified politically sensitive sectors, including energy, telecommunications, mining, and banking, as the most vulnerable to these heightened risks.

The report also noted that President Ferdinand Marcos Jr.’s performance ratings continue to decline, while frequent turnover in his Cabinet poses additional stability risks for businesses.

“Senate confidence also deteriorated sharply, adding institutional strain to an already weak legislative and regulatory environment,” the report stated.

These factors are accompanied by a negative assessment of national conditions, with 68 percent of Filipinos saying that the Philippines is going in the wrong direction, according to the report.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the WR Advisory Group is correct with its analysis about the Philippines being very risky for investors? Are you convinced that foreign investors are avoiding the Philippines right now? Do you think the Philippines is going towards the wrong direction now?

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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Several Las Piñas City Senior Citizens Receive P3,000 Social Pension

October 23, 2026October 18, 2026carlocarrasco

Recently in the City of Las Piñas, roughly two thousand and five hundred senior citizens from six barangays received their social pension of P3,000 each, according to a Manila Bulletin news report.

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

Some 2,500 senior citizens from six barangays in Las Piñas City received P3,000 each in social pension during the third‑quarter payout held at the Aguilar Sports Complex.

The beneficiaries came from Barangays Elias Aldana, Zapote, Pamplona Tres, Pamplona Dos, Pulang Lupa Uno, and Pulang Lupa Dos.

Mayor April Aguilar attended the distribution, which was assisted by personnel from the City Social Welfare and Development Office (CSWDO), PWD Affairs Office, City Health Office, and Disaster Risk Reduction and Management Office (DRRMO).

The participating offices helped facilitate the payout and attend to the needs of the elderly beneficiaries.

The financial assistance is intended to help eligible senior citizens cover basic expenses, including food, medicines, and other daily necessities.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, are you thankful to the City Government for the release of the social pension for senior citizens of six barangays? Were there many senior citizens in your local community who received their pension already?

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

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

IMF Sees Sluggish Economic Growth for the Philippines this Year

October 20, 2026October 14, 2026carlocarrasco

In its latest economic assessment about the Philippines, the International Monetary Fund (IMF) said the nation’s gross domestic product (GDP) will grow by only 3.4% this year and it will end up as one of the weaker economics of Southeast Asia, according to a news report by BusinessWorld.

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

THE PHILIPPINES could post the fifth-slowest growth in Southeast Asia this year as weak investment and elevated inflation weigh on economic activity, while unemployment is expected to rise more than previously forecast, the International Monetary Fund (IMF) said.

In its latest World Economic Outlook (WEO) released on Tuesday, the IMF expects Philippine gross domestic product (GDP) to grow by 3.4% this year, slowing from the post-pandemic low of 4.4% recorded in 2025.

This puts the Philippines behind most economies in the Association of the Southeast Nations (ASEAN). Vietnam is projected to post the fastest growth at 8.4%, followed by Malaysia (5.2%), Indonesia (5.1%), Singapore (5%), Lao People’s Democratic Republic (4.5%), and Timor-Leste (4%).

The Philippines is only expected to outpace Cambodia (3%), Thailand (2.1%), Myanmar (2%), and Brunei (1.9%) this year.

Philippine economic growth remained muted this year as the Middle East war-driven energy crisis amplified the lingering effects of the flood control mess. In the second quarter, GDP grew by a new post-pandemic low of 2.3%, bringing the first-half expansion to 2.6%.

However, the IMF expects the Philippine economy to regain momentum next year, but still below its growth potential.

“The Philippines is projected to grow by 5.1% in 2027, recovering from 3.4% in 2026,” an IMF spokesperson said in an e-mail.

“This is a robust recovery — thanks to the still elevated Philippines growth potential—which allows (the) Philippines to maintain a relatively strong pace compared with many ASEAN peers next year. However, (it is) still relatively lower than its growth potential.”

If this holds, the Philippines will be the second fastest-growing economy in ASEAN in 2027, matching Indonesia and trailing only Vietnam with 7.5%.

MAIN RISKS – For the IMF, the Philippines could rebound once confidence picks up and the energy shock fades to gradually steer investments back to the country.

However, the Washington-based multilateral lender said the economy may remain below its potential until next year if the investment backdrop remains bleak and consumer prices stay elevated.

“The main risks are renewed delays in public infrastructure investment, persistently high energy and food prices, and weaker investor confidence,” the IMF spokesperson said. “Restoring public investment while strengthening governance will be key to making the recovery durable.”

Economic managers are targeting 3.5%-4.5% GDP growth this year and 5%-6% next year until 2030.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be no economic breakthroughs for the Philippines this year? What do you think the Philippines should do to attract more new foreign investments and bring down the cost of energy? Do you think hosting the ASEAN Summit this year resulted in no real economic benefits for 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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Philippines Targets 6.4 Million International Tourist Arrivals this Year

October 19, 2026October 12, 2026carlocarrasco

The Philippines, which has been enduring economic weakness and high inflation for much of 2026, is targeting 6.4 million international visitor arrivals this year, according a news report by the Manila Bulletin.

To put things in perspective, international tourists/visitors is a reference to both foreign tourists and overseas Filipinos who arrived in the country. In 2025, the Philippines attracted 5.94 million foreign tourists and 543,000 overseas Filipinos which combine for a grand total of 6.48 million international tourists/visitors. That said, the Department of Tourism’s (DOT) target for 2026 technically the same when compared to what was achieved in 2025.

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

The Philippines expects tourist arrivals to remain flat at around 6.4 million this year amid more muted travel demand due to the ongoing fuel crisis, according to the Department of Tourism (DOT).

Tourism Secretary Dita Angara-Mathay told reporters last week that the DOT expects international visitor arrivals to remain relatively unchanged from the 6.48 million recorded last year.

“6.4 [million] is our target because I was really super anxious about the fuel crisis and the accompanying higher airline fees, as well as the lower sentiment for traveling,” Angara-Mathay said.

Even against this backdrop, Angara-Mathay said tourist arrivals remain relatively strong, having posted 3.46-percent year-on-year growth as of Oct. 6.

The latest official DOT data showed that visitor arrivals from January to August inched up by 0.8 percent to 4.42 million from 4.38 million in the same period last year.

“I was afraid that it would go down, but I don’t think that’s going to happen. I think we’ll be able to match [last year],” Angara-Mathay said.

Given the expected boost in arrivals during the holiday season, the DOT still sees room for growth this year, especially if the government approves its proposed expansion of the visa-free scheme for Chinese tourists.

The DOT is pushing to expand visa-free coverage for Chinese nationals to other gateways in hopes of opening more flights between the Philippines and China beyond Manila and Cebu.

Chinese tourists are currently allowed to enter the Philippines without a visa for stays of up to 14 days, provided they arrive through either Ninoy Aquino International Airport (NAIA) or Mactan-Cebu International Airport (MCIA).

The current arrangement has already resulted in a surge in Chinese visitors this year, with arrivals nearly doubling to 303,567 as of end-August from 156,926 a year ago.

“There is a direct correlation with taking out that friction of the visa with [increased] travel. So hopefully, everyone’s on board, unfortunately one more agency needs to be convinced,” said Angara-Mathay.

While she did not identify the agency opposing the visa-free expansion, the DOT chief emphasized that the Department of Foreign Affairs (DFA) and the Bureau of Immigration (BI) are fully on board.

The DFA authorized visa-free entry for Chinese nationals earlier this year, while BI issued the implementing guidelines.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the tourism industry of the Philippines has what it takes to attract more than enough foreign tourists and returning overseas Filipinos to exceed the DOT’s 2026 target? Do you feel uncomfortable about the Philippine government’s effort to expand visa-free coverage for Chinese nationals to other gateways? Do you prefer to see the authorities focus more on attracting more travelers from Southeast Asia and Europe? What do you think are the three biggest problems of the tourism industry of the Philippines today?

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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Fewer Korean Visitors Arriving in Vietnam

October 17, 2026October 17, 2026carlocarrasco

With almost eighteen million foreign tourists counted during the January-September period of this year, Vietnam is on-track to exceed its 2025 record of foreign tourist arrivals. While tourism is indeed booming, there are observations that fewer travelers from South Korea are visiting Vietnam, and there are a lot of factors as to why this has been happening for some time now, according to a news article by VnExpress.

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

Korean arrivals to Vietnam have fallen for two years amid a weaker won, fewer flights and growing competition.

Vietnam welcomed 17.7 million international visitors in the first nine months, up almost 15% year-on-year, the General Statistics Office reported. South Korea ranked second, after mainland China, with 3 million arrivals, but was the only top-10 market to record a decline, down about 5%.

Korean arrivals also fell 5% in 2025, when total arrivals hit a record of more than 21 million.

South Koreans made over 19 million overseas trips in the first eight months, up 2%, according to the Korea Tourism Organization.

Martin Koerner, commercial director of Anam Group, which manages two resorts in Mui Ne and Cam Ranh, says Korean demand is still growing but shifting elsewhere.

Yanolja Research found that only three of the 12 most-visited destinations for Koreans grew in the first half. Japan rose 18.6% to 5.6 million visits, 40% of Korean outbound travelers. Mainland China rose 16%, while Macau grew 0.7%.

The other nine destinations, mostly in Southeast Asia and the U.S., all declined. Vietnam fell more than 2%, and Thailand dropped the most, at 24%.

Pham Hai Quynh, director of the Asia Tourism Development Institute, attributes the decline partly to growing competition from China and Japan.

Quynh says Japan offers a good exchange rate, easy transport and quality service. China has attractive tour prices, visa-free entry for Koreans since late 2025 and more direct flights.

A weak won is a factor. The currency fell to 1,536 won per U.S. dollar on June 3, its lowest since 2009, and now sits around 1,350.

Korea JoongAng Daily reports that the weak currency is changing how South Koreans travel. They are shopping less, opting for Airbnb-style rentals over luxury hotels.

Hanatour, one of South Korea’s largest travel companies, says Korean travelers used to favor cheap tours with shopping stops. Now they choose pricier packages without shopping to cut down on extra spending.

However, travel spending in Japan continues to rise, as the weak yen makes the destination more affordable. In 2025, South Korean visitors spent a record $5.7 billion in Japan.

Koerner adds that beyond cost, the convenience of the trip also shapes Korean choices. A flight of two to three hours to Japan or China beats a six-hour trip to Southeast Asia.

“In this context, Vietnam’s edge as a low-cost destination no longer creates a big enough gap to hold on to Korean visitors,” Quynh says.

Saturation is another problem. Quynh says a destination’s life cycle lasts three to four years, after which travelers seek something new. Da Nang, Nha Trang and Phu Quoc have been promoted in Korea since around 2023, and golf and spa packages have grown familiar.

Fewer flights have hurt too. Higher fuel prices from the Middle East conflict led Korean airlines, mainly low-cost carriers, to cut 1,000 flights between April and June.

Yanolja Research also says Vietnam’s image has been linked to Cambodian scam compounds. Negative sentiment toward Vietnam once reached 18%.

To win Koreans back, Quynh says Vietnam should refresh its image, rely less on cheap beach holidays, and develop cultural, ecological and wellness products. He also urges more promotion in Busan, Daegu and Gwangju cities.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the falling number of Korean travelers visiting Vietnam is growing into a serious problem for the Vietnamese tourism industry? What do you think Vietnam and South Korea should do when it comes to flight connectivity and visa matters?

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

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Muntinlupa City Earns Special Citation in 2026 Most Business-Friendly LGU Awards

October 15, 2026October 14, 2026carlocarrasco

Muntinlupa City added another prestigious honor to its record of achievements as it was cited by the Philippine Chamber of Commerce and Industry (PCCI) in the 2026 Most Business-Friendly LGU Awards, 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…

Muntinlupa City has been recognized by the Philippine Chamber of Commerce and Industry (PCCI) in the 2026 Most Business-Friendly LGU Awards, its second consecutive distinction.

Mayor Ruffy Biazon accepted the recognition after Muntinlupa placed in the top five of the City Level 1A category.

“Proud to share another nakakaproud feat of our City Government, Muntinlupeños!,” Biazon said.

He noted that this year’s honor mirrors the city’s achievement last year.

“Isang malaking tagumpay ito na nagpapakita ng commitment natin sa transparent governance, streamlined services, at pagbuo ng isang thriving environment para sa investors at MSMEs (This is a major achievement that demonstrates our commitment to transparent governance, streamlined services, and creating a thriving environment for investors and MSMEs),” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted that your city was cited again in the Most Business-Friendly LGU Awards? Did you create any new businesses within Muntinlupa over the past twelve months? Do you consider Muntinlupa City ready for big-time foreign investment?

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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