Tag: flood control scandal

Philippines Supreme Court Upholds Law Granting VAT Refund To Foreign Tourists

Philippines Supreme Court Upholds Law Granting VAT Refund To Foreign Tourists

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Remember the law granting value-added tax refund (VAT refund) to foreign tourists signed a few years ago? That law was challenged and recently the Supreme Court of the Philippines upheld the constitutionality of Republic Act 12079 (the act creating a VAT refund mechanism for non-resident tourists), according to a news report by GMA News.

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

The Supreme Court (SC) has upheld the constitutionality of a law that grants value-added tax (VAT) refunds on select local purchases by non-resident foreign tourists.

In a 30-page decision, the SC En Banc dismissed a petition challenging the validity of Republic Act 12079, or an act creating a VAT refund mechanism for non-resident tourists, adding Section 112-A to the National Internal Revenue Code.

“Granting VAT refund to foreign tourists was not arbitrarily done. It is a policy decision based on legitimate state interests, i.e. the need to remain competitive as a global tourist destination,” the SC said.

“In fine, foreign tourists may be granted privileges and benefits that are not extended to Filipino citizens, so as long as these distinctions are based on reasonable and justifiable classifications, as in here,” it added.

According to the SC, the VAT refund applies to goods brought from duly accredited stores and taken out of the country within 60 days from purchase. The goods must be priced at least P3,000 per transaction.

Meanwhile, the SC said Section 5 of the law’s implementing rules and regulations limit the refund to retail and tangible goods, including clothing, apparel, electronics, gadgets, jewelry, accessories, souvenirs, food or non-food consumables, and other items intended for personal use.

The petitioner, however, argued that the law violates the constitutional guarantee of equal protection as it excludes Filipino citizens.

For its part, the SC said equal protection does not require identical treatment for all persons.

It said the act also distinguishes foreign tourists from Filipino citizens.

According to the SC, the VAT refund system follows the basic rule of VAT that goods are taxed where they are consumed. If the goods are consumed in the Philippines, they remain subject to Philippine VAT.

Meanwhile, the SC added that VAT refund for foreign tourists is a well-established international practice.

“The Philippines is among the last few countries in Asia to adopt such a system. Our Asian neighbors, Indonesia, Malaysia, Singapore, Thailand, Vietnam, China, and Japan have long implemented this VAT refund mechanism for foreign tourists,” it said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Supreme Court’s decision on the law about VAT refund for foreign tourists? Apart from the VAT refund for foreign tourists, what problems that plagued the Philippine tourism industry should the government solve this year?

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

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

BPI Customers Can Withdraw And Deposit Cash At Grocery, Convenience Stores And Other Commercial Joints

BPI Customers Can Withdraw And Deposit Cash At Grocery, Convenience Stores And Other Commercial Joints

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Customers of Bank of the Philippine Islands (BPI) are able to withdraw and deposit cash at grocery, convenience stores and other commercial joints thanks to the a newly launched campaign between the bank and over a thousand partner stores, according to a news report by GMA News.

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

The Bank of the Philippine Islands (BPI) on Wednesday launched its “Himala” campaign, allowing customers to withdraw and deposit cash at 1,369 partner stores, including grocery and convenience stores.

The service effectively turns participating outlets into “mini BPI branches,” enabling customers to complete cash transactions without visiting a physical bank branch.

The partner network includes Robinsons Retail Holdings Inc. (RRHI) stores such as Robinsons Easymart, Robinsons Supermarket, Shopwise, The Marketplace, Robinsons Department Store, Toys “R” Us, and Uncle John’s.

The service is also available at non-RRHI outlets, including Amesco, Fitmart GenSan, CVM Pawnshop, Falcor Marketing, Prince Retail, Prince Warehouse, Rodamel Drugstore, Savers Depot, Tacurong Fit Mart Inc., and Tambunting Pawnshop.

Customers can generate a barcode through the BPI app for cash deposits and withdrawals, then present it at any participating store for processing. They may also send the barcode to another person, who can use it to deposit or withdraw cash at a partner outlet.

Customers may deposit or withdraw a minimum of P100 through the partner network. Deposits are limited to P10,000 per barcode and P50,000 per day, while withdrawals are capped at P10,000.

Select services, including account opening and applications for BPI products, are also available through the bank’s network of 8,000 retail partners, which includes pharmacies and gas stations nationwide.

According to BPI Agency Banking head Rally Jereza, the Ayala-led lender is in talks to onboard more partner stores, with the goal of expanding the network to 10,000 outlets within the year.

“For now, I’m satisfied with 8,000 because we want to encourage people to use [the service]. But in terms of expanding, with existing BPI clients, corporate clients… it’s easy to expand. Right now, we just want to be able to maximize all of those footprints,” he said.

Jereza said the initiative also supports BPI’s “May BPI Dito” campaign, which aims to make the bank’s services available in as many locations as possible.

“What began in 2023 as product application points has evolved into a fully integrated banking ecosystem. Every phase—from enabling transactions on tablets to barcode withdrawals and now barcode deposits—was built to ensure safety, simplicity, and trust,” he said.

“This is not just expansion; it is a redefinition of what a bank can be in the digital age,” he added.

BPI said it has onboarded more than one million new-to-bank customers through its agency banking network and aims to increase the figure to 10 million.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a BPI customer, have you experience the convenience of doing important transactions at the grocery or at the convenience store lately?

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

New Philippines Domestic Tourism Program Launched With Over 3,000 Travel Deals

New Philippines Domestic Tourism Program Launched With Over 3,000 Travel Deals

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In what is clearly a serious attempt by the Department of Tourism (DOT) to boost domestic tourism a lot, the new program Discover More To Love was recently launched with more than three thousand travel deals from varied hotels, tour operators and airlines, according to a news report by the Manila Standard.

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

The Department of Tourism (DOT) launched a new campaign offering more than 3,000 travel deals from hotels, tour operators, and airlines to boost domestic travel during off-peak months and support local businesses.

The campaign, named “Discover More to Love,” runs from July to November 2026 to stimulate year-round travel, sustain bookings, preserve jobs, and strengthen local economies during the industry’s traditional lean period.

The initiative serves as an extension of the country’s official tourism brand, “Love the Philippines,” rather than a replacement.

Travelers can access discounts of up to 70 percent from more than 70 hotels and resorts through the Hotels Sales and Marketing Association. The campaign also features more than 250 nationwide travel packages alongside discounted fares from carriers Philippine Airlines, Cebu Pacific, AirAsia Philippines, and Sunlight Air.

Online platforms AirAsia MOVE and Klook are providing exclusive deals, while Mastercard offers special payment privileges for cardholders. Travelers can access the promotional room packages, staycation deals, dining credits, and flexible booking options directly through the department’s enhanced website at http://www.tourism.gov.ph.

Tourism Secretary Dita Angara-Mathay said the agency wants to evolve the initiative through feedback from travelers and industry partners.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you support the DOT’s renewed focus on domestic tourism?

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

Philippines At Risk Of Losing Ground In Global Supply Chain

Philippines At Risk Of Losing Ground In Global Supply Chain

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If the Philippines fails to address the high costs of energy and the ongoing corruption connected with infrastructure projects, it could lose ground in global supply chains, according to a news report by BusinessWorld.

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

THE PHILIPPINES risks losing ground in global supply chains unless it addresses high energy costs and unresolved corruption issues surrounding infrastructure projects, which continue to weigh on investor sentiment, according to UK-based risk intelligence firm Verisk Maplecroft.

“The Philippines’ biggest infrastructure challenge is its relatively high cost of energy, which has been exacerbated by the Hormuz crisis,” Laura Schwartz, a senior Asia analyst at Verisk Maplecroft, said in an e-mailed reply to BusinessWorld.

“Following the onset of the crisis, there was some movement in fast-tracking renewable energy projects, but more will be needed,” she added.

The Philippines, which sources at least 90% of its oil supply from the Middle East, has been one of the most affected by the global oil crisis.

Ms. Schwartz also said last year’s corruption scandal — which linked state officials and contractors in substandard or nonexistent flood control projects — may deter companies that are seeking to diversify their supply chains from investing in the Philippines.

“High-profile governance issues, particularly the widespread public works corruption allegations and political jockeying, are one of the top factors leading to investor hesitation in the near term,” she said.

In its 2026 Supply Chain Risk Outlook, Verisk Maplecroft identified the Philippines, Thailand, Argentina, Chile, and Uruguay as “rising stars” in the global supply chain.

“Relative to the established hubs, these ‘rising stars’ offer different mixes of sector capability, market openness, regulatory strengths, and labor-risk trajectories for organizations looking to realign their supply chains,” it said in the report released on June 23.

“The businesses that move first — screening these markets now, building supplier relationships before demand spikes, and stress-testing entry strategies against external risk data — will find themselves better positioned to act when faced with disruptive geopolitical realignment, trade restrictions, or conflict outbreaks,” Verisk Maplecroft said.

A third of the world’s busiest ports and airports are vulnerable to disruption amid ongoing geopolitical conflicts, environmental challenges, and domestic security threats, the firm noted.

The closing of the Strait of Hormuz has created near-term headwinds for the Philippines and Thailand, Verisk Maplecroft said.

Despite this, “procurement teams willing to take a longer-term view will find these markets worth their attention,” the company added.

The report cited the Philippines’ strong potential in the global supply chain due to improvements in its market openness, its competitive labor costs, and its young, English-fluent workforce.

“The Philippines performs second-best across the Southeast Asian economies analyzed due to significant improvement in our market openness pillar,” it said.

“Despite lower infrastructure quality and governance challenges, including recent corruption scandals, the Philippines shows notable opportunities in sectors like electronics, auto parts, and food manufacturing,” Verisk Maplecroft said.

Other Southeast Asian economies assessed in the report were Singapore, Cambodia, Indonesia, Malaysia, Vietnam, Thailand, and Myanmar.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government of the Philippines has the will to resolve high energy costs and the ongoing corruption on infrastructure projects? Do you think the Philippines could get more affordable oil from places other than the Middle East?

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

American Investors To Explore Mega Infrastructure, Energy Deals And Other Opportunities In The Philippines

American Investors To Explore Mega Infrastructure, Energy Deals And Other Opportunities In The Philippines

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Several business executives and investors from the United States are set to visit the Philippines next week to explore investment opportunities in the nation’s infrastructure sector, energy sector, and more, according to a news report by the Manila Bulletin. The American investors will engage with their Filipino counterparts during the planned 5-day trade mission.

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

More than 25 American business executives and investors will visit the country next week for a business mission as the United States (US) seeks to deepen its economic ties with the Philippines, which recently secured upper-middle-income status.

In a statement, the Department of Trade and Industry (DTI) said the US business delegation would mount a five-day trade mission across major economic areas in the Philippines from July 6 to 10.

The delegation includes business leaders and investors from the Northeast and Midwest regions of the US. The mission is organized by the DTI’s Philippine Trade and Investment Center (PTIC) in New York and the Philippine Consulates General in New York and Chicago.

The DTI said the business mission aims to strengthen economic ties between the two longtime trade partners while also encouraging US companies to invest more in the country’s growing economy.

Based on the latest country income classifications of the World Bank, the Philippines has moved up from lower-middle-income to upper-middle-income status. This was based on the country’s gross national income (GNI) per capita estimate for 2025, which reached a record $4,850.

The DTI noted that the upcoming visit also comes at a time when the Philippines is actively positioning itself as a key partner for US companies looking to expand in Asia.

During the business mission, the US delegation will meet with Philippine government leaders and local business owners to explore business, tourism, and investment opportunities.

The US business leaders will also attend business meetings, informational briefings, and tours of key economic areas in Manila, Clark, Subic, and Corregidor.

Let me end this piece by asking you readers: What is your reaction to this development? Do you see a promising future between the United States and the Philippines when it comes to economics and investment under the leadership of US President Donald Trump? Are you convinced the corruption within the Philippines is no longer a turn-off for American investors?

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

ANZ Research Slashes Philippines Economic Growth Forecasts

ANZ Research Slashes Philippines Economic Growth Forecasts

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It seems that economic disappointment lack of breakthroughs will keep hounding the Philippines in the short term as ANZ Research slashed its economic growth forecasts for 2026 and 2027, according to a BusinessWorld news report.

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

THE PHILIPPINE ECONOMY could see its weakest post-pandemic growth this year as last year’s corruption controversies continue to weigh on confidence, compounded by accelerating inflation and rising interest rates amid the Middle East conflict, ANZ Research said.

In its latest outlook for the third quarter, the New Zealand-based think tank slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 3.9% from 4.7%.

It likewise cut its growth outlook for 2027 to 5% from 5.6% previously.

“The Philippines’ outlook is more constrained by weak household and business confidence, elevated inflation, and higher interest rates,” ANZ Research Chief Economist for Southeast Asia and India Sanjay Mathur said on Tuesday.

Economy, Planning, and Development Secretary Arsenio M. Balisacan said on Monday that the economy may grow by 3.5-4.5% this year, due to underspending and the fallout from the US-Iran war.

ANZ’s projections are below the government’s original targets of 5-6% for this year and 5.5%-6.5% next year. The Development Budget Coordination Committee has yet to release revised macroeconomic assumptions.

For 2028, ANZ sees the Philippine economy expanding by 5.5%, still below the government’s 6%-7% goal for the year.

Mr. Mathur noted that the weaker outlook also reflects expectations that lingering governance issues from last year’s flood control mess will prevent any significant rebound in public spending.

“Public spending likely bottomed in (the first quarter of) 2026, but a material recovery is unlikely until governance issues surrounding infrastructure projects are fully resolved,” he said.

In the first quarter, government spending grew by 3.22% year on year to P1.491 trillion from P1.444 trillion. It slightly improved at end-April after rising by 5.12% to P1.996.2 trillion from P1.899 trillion a year ago.

In late 2025, a flood control corruption scandal involving Public Works officials, private contractors and lawmakers took a major toll on public and business sentiment and dampened investments and government spending. This dragged the economy to its weakest growth since the COVID-19 pandemic at 4.4% last year from 5.7% in 2024.

“The Philippines stands out with negligible fiscal support, reflecting tight fiscal constraints and legal rigidities in fuel and utility pricing,” Mr. Mathur said.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the national economy will not achieve 6% growth rate during the final years of the Marcos administration? Do you think the administration’s hosting of the ASEAN Summit and participation in a big meeting with Vladimir Putin in Russia will not result in economic breakthroughs 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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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

S&P Global Slashes Philippines GDP Growth Forecast

S&P Global Slashes Philippines GDP Growth Forecast

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In its latest analysis and assessment, S&P Global predicts weaker gross domestic product (GDP) growth for the Philippines at 4.1% this year, according to a news report by BusinessWorld.

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

The economic drag from the Middle East-war driven oil shocks and last year’s flood control mess fallout could slow the Philippines’ growth to 4.1% this year, S&P Global said.

In its latest economic outlook for Asia-Pacific, the debt watcher cut its gross domestic product (GDP) growth forecast for the Philippines to 4.1% for this year, from 5.8% previously.

S&P Global Asia-Pacific Chief Economist Louis Kuijs and Senior Economist Vishrut Rana noted that the Philippines emerged as a laggard in the region, which was largely resilient at the start of the year.

“Asia-Pacific economic growth largely held up in early 2026. In the first quarter, GDP growth met or exceeded expectations in most economies, with generally solid contributions from both exports and domestic demand,” Mr. Kujis and Mr. Rana said.

“However, growth significantly lagged expectations in the Philippines, where the energy shock combines with a sharp reduction in public infrastructure spending related to misutilization of funds,” they added.

In the first quarter, the economy unexpectedly grew by 2.8%, its weakest growth since the COVID-19 pandemic, due to spiraling oil prices and the lingering effects of last year’s corruption scandal.

The S&P economists noted that countries in the Asia-Pacific, including the Philippines, are heavily reliant on oil imports from the Middle East, which made them vulnerable to disruptions in the region’s key energy facilities and the Strait of Hormuz.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government has any plans to stimulate economic growth? Do you see the GDP of the Philippines growing at a slower rate over the next several quarters? Do you think the economic managers of the current administration should be replaced?

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

US Embassy Warns Filipinos About Visa Scams

US Embassy Warns Filipinos About Visa Scams

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It is a sad fact that scammers here in the Philippines continue to hound people using a wide variety of methods. The scammers – both locals and foreigners – have gotten so sophisticated and arrogant, they dared to target Filipinos who are pursuing United States visas. That said, the US Embassy in Manila officially warned Filipinos about visa scams and they clarified that applicants should rely only on official sources of the US when it comes to visa applications and processes, according to a news report by the Manila Bulletin.

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

The United States Embassy in the Philippines has warned Filipino visa applicants about scammers who claim they can guarantee approval, reminding the public that US visas are issued only after a proper evaluation by consular officers.

In an advisory posted on its official social media pages, the embassy stressed that visa applicants should obtain information only from official US government sources and be wary of individuals offering shortcuts or guaranteed approvals.

“We cannot guarantee visa issuance. If someone guarantees you a visa, it is a scam,” the embassy said.

The embassy emphasized that it does not communicate with applicants through Viber or Telegram, endorse travel agencies or lawyers, accommodate special connections or shortcuts, or guarantee the approval of visa applications.

It reiterated that every application is evaluated individually under US immigration laws, and the final decision rests solely with consular officers.

The embassy advised applicants to rely only on its official website, the U.S. Visa Customer Service Center website, and the US Department of State’s visa page for accurate information on visa requirements and procedures.

It also reminded the public that official embassy emails end only with the @state.gov or @ustraveldocs.com domains.

Let me end this post by asking you readers: What is your reaction to this recent development? Were you a victim of scammers with regards to applying for a US visa? Do you know anyone who got scammed over the same purpose?

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

New Campaign To Boost Domestic Tourism In The Philippines

New Campaign To Boost Domestic Tourism In The Philippines

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In a serious attempt to boost domestic tourism in the Philippines, the Department of Tourism (DOT) has a new campaign titled “Discover More to Love”, according to a news article by the Philippine News Agency (PNA).

This new move by the DOT makes sense since it is very difficult for the nation to attract foreign tourists. The DOT admitted that Vietnam and other destinations of the Association of Southeast Asian Nations (ASEAN) are more affordable for foreign travelers.

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

The Department of Tourism (DOT) is leading a new campaign called “Discover More to Love” to boost domestic travel within the Philippines.

Among its major features is the introduction of curated and discounted travel-related packages by local tourism stakeholders, including several hotels from across the country.

In an interview over the weekend, Tourism Secretary Dita Angara-Mathay said the campaign would not replace but instead complement the DOT’s primary tourism branding “Love the Philippines,” with the intention of allowing tourists to define their travel experience in their “own personal way.”

“(The thrust is) local muna pero hopefully, we will expand that to international (The thrust would be initially domestic, but hopefully, we will expand that internationally),” she said.

“The Filipinos love to travel, especially Gen Z and the others, it’s an adventure for them, and we want them to be sound board on what else we can do to improve.”

Domestic travel remains a strong driver of tourism in the Philippines. Last year alone, it generated at least PHP3.26 trillion in tourist spending, up by 3 percent from PHP3.16 trillion in 2024.

Beyond strengthening local travel, Angara-Mathay said the DOT is also stepping up efforts to recover the decrease in Korean travelers, while continuing to woo the rest of its top source markets.

She admitted that the competitive pricing in other Southeast Asian destinations is pulling in more Koreans, which traditionally has been the Philippines’ number one source market for foreign visitors.

“South Korea’s population is declining, but they’re travelers. Ngayon, ‘yong slot natin kinuha ng Vietnam, kinuha ng other ASEAN countries kasi kalahati lang ang kanilang cost to go there (Now, our slot has been taken by Vietnam and other ASEAN countries because it only costs half to go there),” she explained.

The DOT, for its part, she said, would continue engaging stakeholders to introduce and craft new “tour bundles” to make the cost of travel to the Philippines more affordable and “predictable.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT’s new campaign will significant boost domestic tourism which itself has been thriving? Do you think it is possible for domestic tourism spending to reach P4 trillion this year?

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

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

Weak Infrastructure Safeguards In The Philippines Exposed

Weak Infrastructure Safeguards In The Philippines Exposed

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It has been several months since the flood control corruption scandal rocked the Philippines. As a result, the scandal exposed weak infrastructure safeguards, 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 Organization for Economic Cooperation and Development (OECD) has flagged corruption as a major risk to Philippine infrastructure delivery, warning that the multibillion-peso flood-control corruption scandal show that current accountability safeguards remain insufficient to prevent the misuse of public funds.

In its report titled “Accelerating Sustainable Infrastructure Investments: Assessing Policies for Planning, Delivery and Financing in Central and Southeast Asia” published on Friday, June 12, the Paris-based OECD said procurement weaknesses continue to undermine infrastructure development in the Philippines despite existing legal frameworks and reform initiatives.

“Corruption remains a major risk in infrastructure delivery” in the country, OECD said, citing persistent procurement vulnerabilities despite measures such as the Integrity Initiative and online blacklisting.

OECD said anti-corruption clauses should be embedded in public procurement and public-private partnership (PPP) contracts, while transparency mechanisms should be expanded to strengthen oversight over infrastructure projects.

It said recent high-profile scandals involving infrastructure rollout, particularly flood-control projects, showed that existing accountability mechanisms were not enough to prevent the improper use of public funds.

OECD devoted a section of its Philippines chapter to flood-control governance failures, citing reports in a University of the Philippines Center for Integrative and Development Studies (UP CIDS) policy brief on irregularities affecting projects worth more than ₱545 billion, or about $9.5 billion, since 2022.

According to OECD, UP CIDS reported that a significant share of contracts had been awarded to a small number of firms, while some projects were found to be non-existent or poorly executed.

The report also cited estimates that corruption in flood-control spending may have cost the government ₱42 billion to ₱118 billion, or $700 million to $2 billion, a year.

OECD said the case showed how corruption and mismanagement could weaken climate resilience while wasting scarce public funds in a country highly exposed to climate-related flooding.

To address these risks, OECD said the Philippines should strengthen procurement transparency, independent audits, competitive bidding, and project-level monitoring.

It also recommended publishing contract data and linking budget releases to verified project completion to help protect public resources as well as ensure that infrastructure investments deliver actual resilience and development outcomes.

OECD said public procurement, PPPs, and state-owned enterprises (SOEs), or locally known as government-owned and/or controlled -corporations (GOCCs), should “lead by example” in promoting responsible business conduct (RBC) in infrastructure.

While the Government Procurement Reform Act (GPRA) already includes RBC-related provisions, OECD said bidding documents still lack references to climate resilience and broader RBC risks.

The report also noted that the PPP Code mandates environmental and social safeguards, but gaps remain in standardized procedures as well as the capacity of local government units (LGUs) to implement them.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think it will still be a few years before guilty ones behind the flood control corruption scandal will be brought to justice? Do you think infrastructure development will continue to be hampered by corruption over the next ten years?

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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