finance – Page 2 – Author Carlo Carrasco

Number Of Japanese Nationals Falls Below 120 Million

August 3, 2026August 3, 2026carlocarrasco

The population of Japanese nationals has officially declined to less than one hundred twenty million which is the lowest figure in more than forty years, according to a news report by Kyodo News. Meanwhile, the number of foreign residents has surpassed four million.

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

The number of Japanese nationals fell below 120 million for the first time in 42 years to 119,736,483 at the start of this year, the government said Wednesday, underscoring the challenges faced by a nation battling declining birth rates.

The figure as of Jan. 1 showed a drop of 917,000 people from a year earlier, the largest fall since comparable data became available in 1968, according to data from the Ministry of Internal Affairs and Communications.

The number of foreign residents, meanwhile, rose 354,000 to a record 4,031,159. The ministry began compiling relevant data in 2013.

Despite government efforts to reverse the declining birth trend, the country recorded around 670,000 births, a record low, compared with around 1.59 million deaths.

Of Japan’s 47 prefectures, Tokyo was the only one that reported an increase in the number of Japanese nationals, up 0.09 percent.

Faced with labor shortages, Japan has been gradually opening its doors to foreign workers. The number of foreign residents rose for the fourth consecutive year as more people came to Japan in search of job opportunities.

The share of working-age people among foreign residents rose to 86.17 percent.

The prefecture with the largest increase in the number of foreign residents was Hokkaido, at 14.89 percent, followed by Okinawa at 14.36 percent and Oita at 13.90 percent.

Let me end this piece by asking you readers: What is your reaction to this development? What do you think the Japanese government should do to stop the decline of the Japanese population while limiting the growth of foreign residents? Should Japan implement a ban on Islamic immigration as well as a travel ban on nations like Pakistan and Bangladesh?

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 Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

August 1, 2026July 27, 2026carlocarrasco

The Subic Bay Metropolitan Authority (SBMA) announced that it has released almost P220 million in revenue shares to the City Government of Olongapo and seven other local government units (LGUs).

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

The Subic Bay Metropolitan Authority (SBMA) released a total of PHP 218,115,671.26 in revenue shares to eight local government units (LGUs) contiguous to this premier freeport zone.

SBMA Chairman and Administrator Eduardo Jose L. Aliño said that this amount released on Tuesday, July 21, 2026, represents the revenue shares for the first semester of 2026, which is 10.24 percent higher than that of last year’s comparative period.

The recipient LGUs are Olongapo City, the municipalities of Subic, San Marcelino, Castillejos, and San Antonio in Zambales, and the towns of Dinalupihan, Hermosa, and Morong in Bataan.

Taking into account the population and land area, Olongapo was allocated the largest amount of PHP 50,420,165.72, received by Olongapo City Mayor Atty. Rolen Paulino, Jr. This was followed by Subic, Zambales, which received PHP 32,871,521.46, accepted on behalf of Mayor Jonathan John Khonghun.

The remaining LGUs received their allocations as follows: Dinalupihan, Bataan, with PHP 27,438,313.68, accepted on behalf of Mayor German Santos, Jr.; San Marcelino, Zambales, with PHP 26,272,445.97, received by Mayor Elvis Soria; Hermosa, Bataan, with PHP 23,422,520.27, accepted on behalf of Mayor Atty. Anne Adorable-Inton; Castillejos, Zambales, with PHP 19,817,470.23, received on behalf of Mayor Jeffrey Khonghun; Morong, Bataan, with PHP 19,340,287.10, received on behalf of Mayor Leila Linao-Muñoz; and San Antonio, Zambales, with PHP 18,532,946.83, received by Mayor Dr. Arvin Antipolo.

The LGU shares are sourced from five percent corporate taxes paid by business locators in the Subic Bay Freeport. They are distributed among LGUs based on population (50%), land area (25%), and equal sharing (25%).

OIC-Deputy Administrator for Finance Editha Marzal, along with the finance team, led the distribution of the LGU shares.

Marzal noted that the net shares distributed to the LGUs include not only the current collection period’s allocations but also the 10 percent retention withheld during the first semester of the 2024 distribution.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you see the increased amount of revenue shares as a sign of better economic activities and finances within the Subic Bay Freeport Zone? Do you think the revenue shares would be higher once the Luzon Economic Corridor (LEC) and Pax Silica activities finally start economic activities 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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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

Time For The Philippines To Revisit Nuclear Energy Production

August 1, 2026July 28, 2026carlocarrasco

During his recent State of the Nation Address (SONA), Philippine President Ferdinand “Bongbong” Marcos, Jr., declared that it is time for the nation to revisit nuclear energy production, according to a news report by GMA News.

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

President Ferdinand “Bongbong” Marcos Jr. on Monday said it is time to revisit nuclear energy production, as he touted some 200 energy projects in the pipeline in a bid to boost the country’s power supply and bring down power rates.

In his fifth State of the Nation Address (SONA), Marcos said the administration is working to revisit nuclear energy, as it is already being used in medicine, agriculture, water filtration, and the upcycling of plastic.

“Pushing the envelope further, perhaps it is time for us to revisit nuclear energy production,” he said, noting confidence in its capacity “to reinforce our energy security and bring down the cost of electricity in our country.”

“Titiyakin nating ito ay ligtas. Titiyakin din nating maipaliwanag nang mabuti sa publiko ang magandang dulot sa atin ng enerhiyang nukleyar” he added.

(We will make sure that this is safe. We will also make sure to explain the benefits of nuclear energy properly to the public.)

According to Marcos, the administration has a pipeline covering some 200 power projects across the country that will have a combined capacity of nearly 10,000 megawatts (MW) — 45 of which have already been completed, while 31 are set to be completed this year. The remaining 124 are targeted to be completed by 2028.

These are on top of 1,700 megawatts that the projects will contribute to energy storage systems, which Marcos said will boost energy security.

“Ang mga proyektong ito ay napabilis nang dahil sa mga bagong patakaran at proseso na nagpapadali ng pagnenegosyo dito sa ating bansa, para sa mga Pilipino at dayuhang negosyante,” he said.

(These projects were expedited because of the new regulations and processes that eased doing business here in the country for Filipinos and foreign investors.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the highlighting of nuclear energy production in the State of the Nation address will lead to breakthroughs for a nuclear-powered Philippines? Are people in your local community still afraid of nuclear energy? Do you think unchecked corruption inside the government of the Philippines will derail any nuclear-related efforts?

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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DTI Sees More Jobs And Investments Rising In Metro Manila Following Removal Of Ecozone Ban

August 1, 2026July 28, 2026carlocarrasco

Following the lifting of the ban on information technology economic zones in Metro Manila, the Department of Trade and Industry (DTI) expects the new investments to come in as well as new jobs to be generated, 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 Department of Trade and Industry (DTI) expects the information technology and business process management (IT-BPM) sector to generate more jobs and attract new investments after the lifting of the ban on IT economic zones in Metro Manila.

In a statement on Tuesday, July 28, Trade Secretary Cristina Roque welcomed the issuance of Administrative Order (AO) No. 45, which seeks to ease some of the restrictions under the broader prohibition on the processing and evaluation of applications for ecozones imposed during the previous administration.

“This major policy reform is a resounding victory for the IT-BPM sector and a decisive step forward in strengthening the Philippines’ position as a premier global destination for digital services,” the DTI chief said.

AO 45, signed by President Ferdinand Marcos Jr., excludes applications for the establishment of IT centers and IT parks from the ongoing moratorium on ecozone applications.

The order maintains the prohibition on all other ecozone applications in National Capital Region (NCR), as embodied in AO 18, issued by former President Rodrigo Duterte in 2019. The policy was implemented to encourage development and spur investments in the provinces.

With the lifting of the ban, Roque said the government is addressing long-standing investor demand from IT-BPM firms looking to open or expand in NCR while also creating more opportunities for real estate development.

“As we open new avenues for growth in Metro Manila alongside our continuous push to develop regional IT hubs, we are positioning the IT-BPM sector to generate thousands of high-quality jobs, attract foreign direct investments, and ensure economic growth nationwide,” she said.

The DTI earlier endorsed the proposal of the investment promotion agency (IPA) Philippine Economic Zone Authority (PEZA) to lift the moratorium to provide more options for companies seeking to locate in key central business districts in the capital region.

PEZA Director General Tereso Panga earlier told reporters that the ban has essentially forced firms to operate in existing ecozones, restricting their expansion plans.

“We invite our global partners and prospective investors to take full advantage of this renewed momentum and build their future here in the Philippines,” Roque said.

IT-BPM firms operate in ecozones to avail themselves of the fiscal and nonfiscal incentives provided by the government.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you consider Metro Manila suitable for the establish of new economic zones as well as the expansion of existing economic zones? Do you believe that the demand by IT-BPM firms for expansion in Metro Manila is real?

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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America Sanctioning Iran’s Mahan Air Network and IRGC-Linked Front Company

August 1, 2026July 31, 2026carlocarrasco

In a serious effort to weaken the fighting capability and severing the resources (financially and militarily) of the Islamic terrorist regime of Iran, the United States sanctioned entities and individuals in four nations that enabled the Islamic Revolutionary Guard Corps (IRGC), according to the official announcement of the Department of State.

To put things in perspective, posted below is the entire announcement of the State Department. Some parts in boldface…

The United States today sanctioned six entities and individuals in China, India, Russia, and Iran that enable the Iranian regime’s Islamic Revolutionary Guard Corps (IRGC).

These include entities that support Mahan Air, the IRGC’s airline of choice for moving weapons, military personnel, and equipment. Today’s action also targets DadeNegar Startup Studio, an IRGC-affiliated front company supporting Iranian military targeting by soliciting locations of American and Israeli equipment in the Middle East.

The United States calls on the international community, particularly companies and individuals doing business with Mahan Air or any other sanctioned Iranian carrier, to recognize the serious risks raised by continuing such engagement.

The United States will continue to expose and disrupt entities providing the IRGC with the tools and information it uses to threaten American personnel, our partners, and regional stability.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think this new move by the US will cripple the Islamic terrorist regime of Iran financial and militarily? Do you think members of the international community will follow America’s initiative? Do you think other nations like Pakistan, Malaysia and Bangladesh have entities or individuals who are supporting the Islamic terrorist regime of Iran?

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

Rockwell Raises Stake In Alabang With P6.2 Billion Deal

July 31, 2026July 30, 2026carlocarrasco

Rockwell Land Corporation – the developer of Rockwell Center in Makati – strengthened its ownership of Alabang Town Center (ATC) by sealing a P6.2 billion deal with the Madrigal family to acquire the remaining stake in the mall operator Alabang Commercial Corp. (ACC), according to a news report by the Manila Bulletin. The ATC will be redeveloped over a number of several years.

For previous developments about Rockwell and its acquisition related to ATC and ACC, click here, here and here.

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

Lopez-led Rockwell Land Corp. expanded its ownership of Alabang Town Center (ATC) to near-total control after striking a ₱6.2 billion agreement with the Madrigal family to acquire an additional 22.96 percent stake in the property’s operating entity.

In a disclosure filed with the Philippine Stock Exchange on Thursday, July 30, the property developer said it executed share purchase agreements with the majority of the remaining shareholders of Alabang Commercial Corp. (ACC)

The transaction elevates Rockwell’s total equity interest in ACC from 76.3 percent to 99.26 percent, cementing its operational dominance over the 17.5-hectare prime estate in Alabang, Muntinlupa.

The move allows Rockwell to execute an ambitious and decade-long master plan designed to modernize the suburban retail and lifestyle landmark. Following the acquisition, the company confirmed that preliminary planning is already underway. To lead the redesign, Rockwell has engaged Uruguayan-Canadian architect Carlos Ott—renowned internationally for iconic modern landmarks—alongside local architect Jun Rodriguez of PRSP.

*Night-time shot of Alabang Town Center.*

The immediate priorities over the next two years will center on foundational operational upgrades, specifically focusing on expanding parking capacity, optimizing traffic circulation, and recalibrating the commercial tenant mix to boost retail performance.

Over a five- to 10-year horizon, Rockwell’s broader vision aims to preserve the site’s original suburban character while modernizing the venue into a high-density, experiential lifestyle and retail hub.

The deal reinforces Rockwell’s growth trajectory in 2026, building upon operational milestones across its residential, commercial, and hospitality portfolios.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Alabang or if you usually visit the Alabang Town Center every week, what do you feel about Rockwell’s redevelopment plans of the decades-old, high-end property? Have your favorite stores or restaurants at ATC already stopped operating recently? What do you hope to see in the ATC as the redevelopment happens over the next several years? Do you think Rockwell’s presence in Alabang will alter the entire business environment in Muntinlupa City?

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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Illegal Hotels Raided In Thailand

July 30, 2026July 26, 2026carlocarrasco

In Phuket Island in Thailand, the local authorities recently raided three properties – two of which were originally developed for residential purposes – that illegally operated as hotels catering to foreign tourists, according to a news report by VnExpress. This is only a part of the ongoing crackdown against illegal hotels and already something wrong have been uncovered.

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

Thailand has intensified its crackdown on illegal hotels on its largest island Phuket after inspections found three properties operating without licenses.

Deputy Interior Minister Polapee Suwunchwee recently led a joint inspection in Phuket targeting three hotels with about 200, 240, and 45 rooms. Authorities found that none had valid construction permits or hotel operating licenses, according to Bangkok Post.

Investigators said two of the properties had originally been approved as residential buildings or condominiums but were later converted into hotels without authorization.

Officials also carried out online booking tests, confirming the hotels were primarily marketing rooms to European and other foreign tourists, with virtually no Thai customers.

The investigation also uncovered suspected nominee ownership arrangements involving companies with 49% foreign and 51% Thai shareholding. Some properties were legally owned by Thai nationals but leased to Chinese investors, who allegedly operated hotels without the required licenses.

The inspections were part of a broader operation covering more than 10 locations across Phuket. Phuket Governor Sophon Suwannarat has been instructed to order businesses to shut down immediately if operators fail to provide the required documentation.

Narucha Kosasivilize, director-general of the Department of Provincial Administration, said operating a hotel without a license violated the law and caused widespread harm, according to The Nation.

He said the problem had three major consequences: it hurt the economy by placing legally compliant, tax-paying operators at a disadvantage; it posed safety risks because illegal accommodations often failed to meet government safety standards, putting tourists’ lives and property at risk; and it tarnished Thailand’s image while undermining long-term confidence in the country’s tourism sector.

The Department of Provincial Administration is working with the Royal Thai Police, the Ministry of Commerce, the Department of Special Investigation, and other agencies to expand investigations into foreign business networks across the country.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the authorities in Thailand will be able to find and raid all existing illegal hotels?

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

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What To Watch On YouTube Right Now – Part 148

July 29, 2026July 24, 2026carlocarrasco

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching.

Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 Heaven’s Gate Revisited – What is there to be said about the 1980 historical epic Heaven’s Gate apart from the facts that it failed spectacularly and brought down United Artists a lot? To its credit, it has a grand look that required a massive amount of money to be spent and the sheer depth of authenticity implemented under the direction of Michael Cimino (The Deer Hunter) is eye-catching. The film also had fine performances by Kris Kristofferson, Jeff Bridges, Christopher Walken and Isabelle Huppert. Historically, the massive failure of the movie impacted Hollywood as a whole and movie studios rarely grant the final cut privilege to movie directors. That said, there is a lot more to learn about Heaven’s Gate and I encourage you all to watch the video below.

#2 Moments That Destroyed Political Careers – Imagine yourself working so hard to get elected into public office in America followed by efforts to solidify the trust of voters who helped you win. With huge expectations, there obviously is pressure on you (the elected official) to serve them and fulfill your promises. Then one day, you committed a blunder or a very embarrassing moment that eventually leads you into a painful downfall. In America, there are Democrats and Republics who saw their political careers get destroyed because of the moments gone wrong. Watch and learn from the video below.

#3 History Of Sega And Its Impact On Video Gaming – Remember long ago when Sega was a highly prolific and innovative maker of games for arcades and consoles? Remember seeing consoles and add-ons with Sega branded on them? Decades ago, Sega was a gaming titan and it was a powerful competitor with Nintendo during the so-called 16-bit wars of the 1990s. Today, Sega is still operating but it is a shadow of what it used to be. To find out what happened, watch the very informative video game documentary below. It also has interviews with Tom Kalinske and other important video game personalities.

#4 Totally Whatever Reacts To Deep Impact – Back in 1998, I encountered some people who claimed to have cried while watching Deep Impact inside the movie theaters. When I saw it in the cinema, I saw a few other moviegoers near me having tears flowing from their eyes. Indeed, Deep Impact was made to move viewers emotionally with its themes of family, strained ties, and the struggle to remain intact before a massive tragedy happens. That said, you must see how the movie impacts the YouTubers in the video below.

#5 Tuna In Japan – Whenever I visited Japan, I always made the effort to enjoy a meal with tuna on it. I enjoy eating sashimi (specifically raw tuna), sushi and cooked meals that have tuna in different forms in them. If you love eating tuna and if you plan to visit Japan soon, watch the video below. Learn the details.

#6 Child’s Play 3 Reaction/Review Videos – Believe it or not, the 1991 movie Child’s Play 3 was released less than a year after Child’s Play 2. The movie followed the character Andy Barclay again, only this time he was portrayed as a troubled teenager who enters a military school. Unsurprisingly, the evil Chucky was revived and pursued Andy once more. Having seen Child’s Play and Child’s Play 3 on home video just months apart from each other, the viewing experience was unique given each film’s differences in terms of casts and settings. When Child’s Play 3 came to an end, there was this feeling among many moviegoers that the film series concluded solidly. To see what kind of reactions the 1991 movie attracted from YouTubers, watch the videos below.

#7 The Legend Of The Lone Ranger’s Failure Explained – As a young boy, I saw The Legend of the Lone Ranger on home video and enjoyed it. Back then, I was completely unaware about the controversy regarding past Lone Ranger actor Clayton Moore who was legally barred from appearing in public wearing the trademark black mask. That controversy alone hounded the movie and was arguably the single biggest factor behind its failure. By the way, the film’s star Klinton Spilsbury was dubbed over as the Long Ranger and he never acted again. To learn more, watch the video below.

#8 Minty Comedic Arts Examines Tales From The Crypt – When you hear the title Tales From The Crypt, do you think about the about the horror anthology TV series or the original comic book series published by EC Comics in the 1950s? I myself read several reprints of EC Comics – including Tales From The Crypt – and saw some episodes of the TV series. That said, both the TV series and the comic books delivered a very unique kind of entertainment that is sadly missing today. In his video, Minty Comedic Arts revealed a lot of interesting details about the TV series as well as EC Comics. I encourage you to watch his video now.

#9 The Unification Church Exposed – When former Japanese Prime Minister Shinzo Abe was assassinated in 2022, the killer Tetsuya Yamagami committed the act not because of politics but because of the perceived connections the politician had with the controversial Unification Church which he blames for financial ruining his family and his own life. The killer’s own mother was a member of the Unification Church and because she donated so much money to it, her own family ended up lacking money for survival, education and other needs. The murder investigation eventually unraveled decades of allegations about financial exploitation, shattered families and the immense influence the said church had on its members from Japan to South Korea and the United States. There are a lot of very intriguing details in Dark Asia with Megan’s video below and I encourage you all to watch it.

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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

Philippines Electricity The Most Expensive In ASEAN

July 28, 2026July 22, 2026carlocarrasco

Due to the low supply of electricity and the high demand recorded this past June, the Philippines had the most expensive electricity rates among member nations of the Association of Southeast Asian Nations (ASEAN), according to a news report by GMA News.

Be reminded that the Philippines is experiencing weak economic growth, high inflation, and has been weak when it comes to attracting foreign direct investment. Could imagine how foreign investors would react to the expensive electricity here in the Philippines?

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

The Philippines had the most expensive electricity rates among the Association of Southeast Asian Nations (ASEAN) in June due to low supply and high demand recorded during the month, the Department of Energy (DOE) reported Monday.

According to DOE Undersecretary Rowena Cristina Guevara, the country reported an average rate of P12.43 per kilowatt-hour (kWh) in June, surpassing that of Singapore by P0.093 per kilowatt-hour.

“Sa Visayas, siya talaga ‘yung pinakamahal dahil talagang may kakulangan tayo sa supply doon. Meron tayong 21 plants na naka-forced outage and therefore, dependent siya talaga sa Luzon at sa Mindanao for imported power,” she said in a virtual briefing.

(Visayas was really the most expensive because there was really a lack of supply there. There are 21 plants on forced outage, and therefore, it is really dependent on imported power from Luzon and Mindanao.)

“Alam niyo naman, naka-yellow alert sila palagi (As you know, they have been on yellow alert regularly) since May 13, and that is the one that is driving the price high for Visayas,” she added.

The Visayas grid has been on yellow alert — indicating that the operating margin is insufficient to meet the transmission grid’s contingency requirement — for several days in June, due to the continued forced outage of major coal plants in the region.

Among the outages recorded were Therma Visayas Inc. (TVI) units 1 and 2 and Panay Energy Development Corp. (PEDC).

“For the rest… Meron kasi din tayong mga matataas na demand during the summer months, and therefore we have to operate the more expensive power plants. Imbes na mag-blackout, paandarin na lang ‘yung mga medyo mahal na plant,” Guevara said.

(For the rest… Demand was also high during the summer months, and therefore, we have to operate the more expensive power plants. Instead of blackouts, we ran more expensive plants.)

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think must be done to ensure abundant electricity for the Filipinos? Are you convinced now is the time for the government of the Philippines to go all-in on nuclear power? How much was your electric bill this past June?

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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America Tags Philippines With 12.5% Tariff Over Forced Labor Concerns

July 27, 2026July 26, 2026carlocarrasco

The Philippines, which is already experiencing slower economic growth, higher inflation and having trouble attracting foreign investment, saw its exports to the United States subject to a higher 12.5% tariff as the Trump administration is convinced that the country failed to prevent the entry of goods produced with forced labor, 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…

The country’s exports to the United States (US) are now subject to a higher 12.5-percent tariff after the Trump administration determined that the Philippines has failed to prevent the entry of goods produced with forced labor.

In a notice on Friday morning, July 24 (Philippine time), the Office of the US Trade Representative (USTR) said it is imposing a 12.5-percent tariff on the Philippines, in accordance with the directive of US President Donald Trump.

The USTR earlier included the Philippines in its investigation into the US’ top 60 trading partners as it sought to crack down on imports made with forced labor that were found to be harmful to American commerce.

In a report on the probe’s findings, the USTR said the Philippines “has failed to impose and effectively enforce a forced labor import prohibition.”

Apart from the Philippines, 40 other economies are subject to the 12.5-percent tariff.

“The US has had a forced labor import ban for nearly a century, and rigorously enforces it. It’s well past time for our trading partners to do the same,” said USTR Ambassador Jamieson Greer.

“Today’s action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere,” he added.

The USTR said it would exempt certain products from the tariff, including goods that cannot be produced in sufficient quantities or at reasonable prices in the US, and products that could cause economy-wide disruptions if they were subjected to the tariffs.

Philippine goods exempt from the 12.5-percent tariff include most of the country’s major exports to the US, including semiconductors, its top export commodity. Also exempted are agricultural commodities such as coconuts, pineapples, and bananas, as well as raw minerals such as nickel ores and concentrates.

The US remains the Philippines’ largest export market, accounting for $13.46 billion, or 15.9 percent, of the country’s total exports in 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines has been negligent on monitoring the entry of goods produced with forced labor? Does this new economic development dampen your trust in the government of 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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