finance – Page 2 – Author Carlo Carrasco

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

November 27, 2025November 19, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Philippines At Risk Of Falling Behind Southeast Asian Neighbors Economically

November 26, 2025November 19, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Business Groups Reaffirm Commitment To National Economy

November 25, 2025November 18, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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BSP Warns Public About Text Hijacking

November 22, 2025November 21, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

November 21, 2025November 14, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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Philippines October 2025 Inflation Settles At 1.7%

November 13, 2025November 5, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

I Love Israel: Israeli NGO And Local Partner Support Communities In Northern Cebu

November 11, 2025November 3, 2025carlocarrasco

NATAN Worldwide Disaster Relief – the Israeli-based, all-volunteer, non-profit NGO dedicated to helping people worldwide rebuild their lives with dignity after natural and human-made disasters – provided much needed assistance to people living in northern Cebu in tandem with local partner Operation Blessing Foundation Philippines, the Israeli Embassy announced on social media.

For the newcomers reading this, the entire island province of Cebu was struck hard by an earthquake on September 30, 2025, and the epicenter was off the coast (east) of northern Cebu. The massive earthquake was felt all over the Central Visayas region and in other parts of the Visayas as a whole. That being said, a lot of people living in the northern part of Cebu were affected the most as they were near the epicenter.

To put things in perspective, posted below is the content from the social media post of the Israeli Embassy. Some parts in boldface…

In the aftermath of a 6.9 earthquake that struck Northern Cebu, NATAN-Worldwide Disaster Relief deployed a volunteer team in partnership with Operation Blessing Foundation Philippines, Inc. to support affected communities. The Embassy of Israel in Manila commends their tireless efforts and unwavering commitment to humanitarian service.

Led by Head of Delegation Roni Diamant Avnon, alongside Ofira Ben Shlomo and other dedicated professionals, the team included two medical doctors and three social workers. They opened a free clinic, offering medical checkups and distributing Israeli medications to local residents.

The psychosocial team facilitated mental health support sessions, sharing practical techniques to help individuals and communities cope with trauma, stress, and emotional challenges. These sessions empowered local psychology students, teachers, and health workers to provide care and comfort amid ongoing aftershocks.

The Embassy of Israel in Manila is deeply moved by the resilience and solidarity of the people of Cebu. This mission reflects the enduring friendship between Israel and the Philippines, rooted in compassion, shared humanity, and mutual support.

This newest development shows the continuing growth of Israel-Philippines ties. Many times has Israel provided humanitarian aid and special assistance to victims of disasters here in the Philippines. If your local community badly needs assistance from NATAN, visit them online at https://natanrelief.org/

Long before I visited Israel in 2023, there was a time when I worked and lived in Cebu. While it has been thirteen years since that last time I set food in Cebu, I was disturbed by the news of the September 30 earthquake as I have lots of friends there. As such, to see Israelis (and its local partner) helping Cebuanos affected by the earthquake is deeply inspiring. As some of you already know, I love Israel and the Jewish people in accordance to my uncompromising faith in Lord Jesus.

To my fellow Filipinos reading this, I encourage you to accept the truth that Israel is the land God designated specifically for the Jewish people (read Genesis 35:10-12) and His command must be followed without hesitation. If you want to be blessed further by the Lord, do so by loving and blessing the Jewish people (Genesis 12:1-3). I did my part when I was in Israel. Also, let me remind you all that the ties between the Jews and Christians are truly biblical!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful, you should be aware that Christians are meant to stand united with Israel and love the Jewish people no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus!

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Trump Highlights Bright Spots Of US Economy Under His Leadership

November 7, 2025November 6, 2025carlocarrasco

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?

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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I Love Israel: Israel Exploring Opportunities Of Cooperation With The Philippines On Tourism, Cybersecurity And More

November 5, 2025October 28, 2025carlocarrasco

During an important discussion with the Manila Bulletin, Israeli Ambassador to the Philippine Dana Kursh stated that the Jewish state and the Philippines are exploring opportunities of cooperation over important topics such as tourism, cybersecurity, trade and direct flights, the newspaper reported.

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

The Philippines and Israel are exploring “more avenues of cooperation”—including a possible free trade agreement, direct flights between the two countries, and cybersecurity agreements—that will improve the “bond” that has been going strong since World War II, Israel Ambassador to Manila Dana Kursh said on Monday, Oct. 27.

In an exclusive roundtable discussion with The Manila Bulletin, the envoy underscored the importance that Israel puts in the Philippines, citing high-level visits of its ministers for foreign relations, economy, and tourism, as well as its deputy foreign minister.

“That shows that the Israeli government thinks very highly of the Philippines because it is working top down—our Prime Minister said look east and he specifically said also the Philippines and our ministers are coming here to explore more avenues of cooperation,” she said.

“So, this is one time that it relies on the past and it looks at the present and if we are looking at the future there are two things that are important,” she added.

The first, Kursh shared, is the possible free trade agreement (FTA) between the two countries, of which discussions on building the mechanisms have already started in July.

“So, hopefully, there will be a free trade agreement. We are now just finalizing things so, we initially started in July and when it’s done, the potential of bond between the two nations will become even more,” she pointed out.

PH, Israel eye revival of direct flights – Another important component of this relationship is the establishment of direct flights.

Noting the big potential of tourism between the two countries, the ambassador lamented the travel advisory currently raised in Israel by the Philippine government.

“We have to move aside is a travel advisory. I know that tourists are still coming despite the travel advisory, but we need to overcome this challenge and God willing, now with the voices, with the wind of peace from our region, I do hope that the DFA will decide, together with other ministries, will decide to lift this,” she said.

Travel Alert Level 2 is currently raised in Israel, which reminds Filipinos to avoid non-essential travel to the country. This includes, among others, tourism visits, pilgrimages, temporary stays with relatives and friends, volunteer work, sports events, entertainment, and similar activities.

After going past that hurdle, Kursh said the two countries can start discussion two possible options for direct flights, with one options having only direct flights on a certain amount of days a week.

The envoy added they have already met with the country’s flag carrier Philippine Airlines on how the direct flights will benefit the company.

“I do hope that more and more Filipinos will come to Israel and vice versa more and more Israelis will come to more than 7,000 mini paradise that we have in the Philippines.”

“So if I’m trying to answer, I think that God willing, within the next year and a half, we’ll be able to reach some progress, or even, but I cannot commit, we cannot commit to what’s going on in Israel, and at the end of the day, because it’s a decision of the airlines, we need to find ways to create the best formula that will be a win-win,” she added.

According to Kursh, there are some 30,000 or 40,000 tourists on both sides, but the “potential is tremendous.”

Cybersecurity partnership – Pointing out Israel’s expertise in technology, Kursh also said that her country has “added value” when it comes to exchanging best practices on innovation and technology, including cybersecurity.

“So, it’s both business and both tourism, we need to provide in our nations, to other next generation, we need to provide them food security and we need to provide cybersecurity and we need to provide them with health, with mental health and physical health and in all those realms and more Israelis and Filipinos can work together to have a better future for everyone,” she added.

This newest development shows the continuing growth of Israel-Philippines ties and Ambassador Kush pointed out the high-level visits of ministers from the Jewish state. In my view, the Philippines and Israel can become greater partners than they are today. Apart from travel, Israelis and Filipinos can help each other out in business, cybersecurity, and trade. We all have to pray that the Philippines and Israel will work together more closely sooner than later.

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

Always be the fearless and aggressive church of Lord Jesus!

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I Love Israel: Philippines Is A Priority Market For Israel On Tourism

November 4, 2025October 28, 2025carlocarrasco

Following the end of the 2-year war in Gaza and the return of twenty living hostages connected with US President Donald Trump’s peace plan for Gaza and the Middle East, there is now a renewed optimism in Israel particularly on tourism and that includes efforts to revive the travel sector while providing foreigners new opportunities to visit the Holy Land. Israel made clear that it sees the Philippines as a priority market on tourism, according to a news article by the Philippine News Agency (PNA).

For the newcomers reading this, I myself had visited Israel on a pilgrimage tour with my local church in 2023. You can read some of my blog posts by clicking here, here, here, here, here and here. My faith in Lord Jesus is uncompromising and I will always stand in support of Israel and its people.

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

Israel sees the Philippines as a “priority” market in its efforts to revitalize its tourism sector, its tourism ministry said.

Intense promotions and trade engagement are underway in Asia following the “renewed travel optimism” seen after the Gaza ceasefire deal was signed this October, according to the Israel Ministry of Tourism (IMOT).

The agency, during its participation at the recent Internationale Tourismus Borse (ITB) Asia 2025 travel event in Singapore, underscored Israel’s intent to deepen ties across Asia’s high-growth travel markets and highlighted the destination’s “evolving identity that unites its heritage and modern leisure offerings.”

“The enthusiasm we’ve seen from Filipino travelers and partners at ITB Asia truly reflects how Israel remains a top bucket-list destination for many Filipinos,” Anna Oraiza Aban, marketing manager at IMOT’s Philippine office, said on Friday.

“With visa-free access for Philippine passport holders, we’re confident that more Filipinos will soon turn their dream trips into reality. The strong interest from the market and travel trade inspires us to continue developing experiences that connect deeply with Filipino travelers, whether through faith, culture, or adventure.“

In a briefer, IMOT said insights from ITB Asia 2025 will guide its regional strategy through 2026, with emphasis on joint marketing campaigns, airline collaborations, and education programs to build awareness and drive sustainable visitor growth in Asia.

Israel received 118,200 tourists in August, a 39 percent increase from July. Between January and August, it recorded 814,000 tourist arrivals, up from 672,400 in the same period last year.

“Asia has been a key market for Israel with India, Indonesia, the Philippines, China, and South Korea leading,” IMOT said.

“This steady rise shows Asia’s growing confidence and curiosity in Israel’s mix of culture, culinary, eco-conscious, wellness, and adventure travel experiences,” it added.

This newest development shows the continuing growth of Israel-Philippines ties and I am confident that new travel breakthroughs between Israel and the Philippines plus other nations in Asia will happen. That means better commercial and investment opportunities, and more people in Asia will be able to visit the Holy Land in Israel and witness the Holy Bible come to life during their visit. This also means more Asian travelers – the faithful and those who are still spiritually lost – will have golden opportunities to realize that Lord Jesus is the hope of all nations!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

Always be the fearless and aggressive church of Lord Jesus!

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