food – Author Carlo Carrasco

America’s Ban On Importing Crab Meat From The Philippines Takes Effect

June 12, 2026June 11, 2026carlocarrasco

Due to the Philippines’ failure to comply with the US Marine Mammal Protection Act (MMPA), the United States’ ban on importing Philippine crab meat officially took effect, according to a business news report by the Philippine Star. This latest development is another embarrassment for the Philippines as it is the only Association of Southeast Asian Nations (ASEAN) member nation that failed the US comparability assessment. It should be noted that the Philippines took pride in hosting the ASEAN Summit this year.

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

As the US import ban on Philippine crab meat takes effect today, the blue swimming crab industry is bracing for massive economic losses – estimated at P6 billion to P7 billion annually – and job displacements, an industry stakeholder said.

Former E.B. Magalona mayor and crab meat exporter Alfonso Gamboa said the country’s failure to comply with the US Marine Mammal Protection Act (MMPA) led to the loss of its largest export market.

About 90 percent of Philippine crab meat production is exported to the United States, Gamboa said.

The United States National Marine Fisheries Service (NMFS) announced on May 12 that imports of Philippine blue swimming crab products would be restricted due to inadequate documentation on mandatory marine mammal protection and bycatch monitoring programs.

Gamboa, president of Saravia Blue Crab Inc., a major blue crab processing company, said the Philippines is the only ASEAN country that failed the US comparability assessment, noting that Indonesia, Sri Lanka, India, Vietnam and even China were able to comply.

“We failed because of insufficient documentation and monitoring measures concerning marine mammal protection,” he said.

Gamboa said the industry had already been experiencing difficulties since September 2025 when Philippine exporters were initially denied access to the US market. An appeal filed in January 2026 was likewise unsuccessful.

“In other words, the Bureau of Fisheries and Aquatic Resources (BFAR) did not do its job,” he said.

Gamboa estimated that around 10,000 fishermen and an additional 4,000 to 5,000 crab meat pickers in Negros, Panay, Bicol, Samar, Leyte and parts of Mindanao could be affected by the loss of the US market.

Major production areas include the Visayan Sea, Guimaras Strait, San Miguel Bay, Masbate, Sorsogon, Camarines Norte and Camarines Sur.

The Philippines exports approximately 500,000 pounds of crab meat monthly to the US, with products sourced from processing facilities in Bacolod, Iloilo, Cebu, and other coastal communities.

Although alternative markets such as China, the European Union, Canada and Australia remain available, Gamboa said they are too small to absorb the volume previously purchased by US buyers.

“These markets cannot absorb the displaced workers or the volume we used to ship to the United States,” he said.

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 will be able to act quickly to gain access to the United States for its crab meat exports? Who in Bureau of Fisheries and Aquatic Resources (BFAR) should be held responsible for the failure to comply with the US Marine Mammal Protection Act (MMPA)?

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

What To Watch On YouTube Right Now – Part 141

June 10, 2026June 5, 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 Reaction Videos Of Scary Movie 3 – After enjoying the original Scary Movie of 2000, I saw its 2001 sequel and left the cinema disappointed. Two years later, I saw Scary Movie 3 and it was an indeed an improvement over Scary Movie 2. What is very notable about Scary Movie 3 is the fact that the Wayans Brothers were no longer involved and it was directed by David Zucker of ZAZ (Zucker-Abrahams-Zucker). Scary Movie 3 is popular with YouTubers and already there are several reaction videos about it posted online. For your enjoyment, I posted below the reaction videos I found entertaining.

#2 Ranting For Vengeance Debunks Zealots Who Believe Anime Is Leftist – If you were fortunate enough to watch multiple anime productions dating back to the 1960s, you would be aware about the collective mindset of the creators, what the anime trends were and what the messages came with what was shown through the decades. Still, there are some zealots on social media who have this foolish belief that all anime is woke and leftist in nature. That said, Ranting for Vengeance recently posted another video debunking those zealots and his explanations have strong details. Watch his video now.

#3 The Enduring Story Behind Super Mario Bros. 2 – Back in the mid-1980s, Super Mario Bros. became a massive commercial success for Nintendo and it went on to make an impact not only on gamers but also on pop culture. Shigeru Miyamoto and his team worked hard to make Super Mario Bros. 2 which was released on the Family Disk System in Japan. Strangely, the Super Mario Bros. 2 released on the Nintendo Entertainment System (NES) in America was not the same game the Japanese gamers enjoyed. Confused? There is a lot of details in GTV Japan’s video below and they are all worth discovering. Go watch it and pay attention to the details closely.

#4 Wagyu For Breakfast In Japan – When was the last time you had Wagyu for a meal? Was there ever a time you experienced a luxurious breakfast while traveling overseas? Japan is where you can find them and you can discover where exactly they are and what other types of food is offered to customers in the Nippon TV video below. Watch, learn and enjoy!

#5 The Worst NBA Arenas – Considering how many teams there are in the National Basketball Association (NBA) representing different cities, America clearly has a lot of venues where the basketball games can be held at. Some stadiums have modern designs that can accommodate not only lots of people but also the high-spending spectators (those who can afford luxuries) while providing everyone convenience and comfort for game viewing. Meanwhile, there are places that are sub-par or even undesirable for watching basketball games. The video below explores and explains what the worst NBA arenas are.

#6 No Chances For A Remake Of Xenogears? – When it comes to Japanese role-playing games (JRPGs) that were released on the PlayStation console in 1998, the one game I want to play again is Square Enix’s Xenogears. I played it on the PlayStation but I never got to finish it. While Square Enix managed to remaster Chrono Cross and released it on different platforms in recent years, the company has been very quiet about any remake or remastering of Xenogears. Apart from the fact that many of the people who worked on Xenogears under Square’s umbrella have left the company, there are other possible factors as to why remaking Xenogears is complicated in ways that have yet to be revealed to the public. To find out why, watch the in-depth video below.

#7 Ashleigh Burton Reacts To What Lies Beneath – In late-2000, I saw What Lies Beneath on a Friday night inside a packed cinema at Festival Mall. The film, starring Michelle Pfeiffer and Harrison Ford as a couple, really made moviegoers around me stressed and scared. There were even some bouts of screaming as the movie unleashed its scary moments. Recently, I watched Ashleigh Burton’s reaction video of the movie and it is a must-see!

#8 Rhetorical Thrill Reacts To Dragonslayer – When it was released in the early 1980s, Dragonslayer was one of many fantasy movies that got released. On its own, Dragonslayer was dark, gritty, violent and even gruesome to see. The Walt Disney Company and Paramount Pictures banded together to co-produce the film and eventually it ended up as a commercial failure. Even though it failed, Dragonslayer managed to gain a following and people who want to watch dark and violent fantasy movies are attracted to it. To see how it impacts Rhetorical Thrill, go watch her reaction video below. It’s a must-see.

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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

Food Cart Program In Las Piñas City Expanded To Include More Families

June 8, 2026June 3, 2026carlocarrasco

Recently in Las Piñas City, the new food cart program was expanded to include more families so they could improve their livelihoods and be able to start small-sized businesses of their own, according to a Manila Bulletin news report.

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

Fifteen families in Las Piñas City have been given a fresh opportunity to improve their livelihoods after the city government distributed additional food carts under its ongoing assistance program.

Mayor April Aguilar announced that the food carts were awarded to selected beneficiaries to help them start small businesses and generate extra income for their households. This latest batch of recipients adds to the six families who received food carts on May 2.

Some of those earlier beneficiaries have already launched ventures this summer, selling refreshing “samalamig” drinks and popular street food favorites known as “tusok-tusok.”

These affordable snacks not only bring joy to local communities but also provide steady earnings for the families involved.

The beneficiaries expressed gratitude for the assistance, saying the food carts would help them meet their daily needs and give them a chance to build a more stable source of livelihood for their families.

The mayor said the local government remains committed to implementing programs that create jobs and livelihood opportunities for Las Piñeros as part of the city’s continuing efforts to improve the quality of life of its residents.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you delighted to see more families getting included in the local food cart program under the City Government?

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

Rockwell To Redevelop Alabang Town Center

June 5, 2026June 3, 2026carlocarrasco

Rockwell Land Corp. confirmed that it has a years-long plan to redevelop the famous Alabang Town Center (ATC) and turn it into a suburban lifestyle center, according to a Manila Bulletin news report.

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

Rockwell Land Corp., the luxury property development arm of the Lopez Group, plans to redevelop Alabang Town Center (ATC) over the next decade to revitalize the commercial hub and restore what management describes as its original appeal.

Nestor J. Padilla, Rockwell Land chairman and chief executive officer, said the developer envisions transforming the 17.5-hectare property in southern Metro Manila into a suburban lifestyle center over a five- to 10-year period.

“We will bring back the old charm of the town, as the locals like to call ATC. Over the next five to 10 years, our vision is to transform the town to become a suburban lifestyle center,” Padilla said.

*The front and drive-way of Alabang Town Center along Madrigal Avenue.*

To lead the master planning, Rockwell Land has engaged Carlos Ott, the Uruguayan-Canadian architect behind the company’s ultra-luxury Proscenium project in Makati and the designer of the Opéra Bastille in Paris. Ott is collaborating with local firm PRSP Architects, led by Vicente Rodriguez Jr., which has a history of design partnerships with the country’s major builders, including Ayala Land Inc.

Preliminary planning and reviews for the estate began two months ago, Padilla said. The initial phase of the redevelopment over the next two years will focus on upgrading parking facilities and improving vehicular traffic circulation around the complex. Concurrently, Rockwell Land plans to adjust the retail tenancy mix to enhance the shopping experience.

Valerie Soliven, Rockwell Land president and chief operating officer, said the acquisition of the commercial asset marked the expansion of the developer in the southern part of the capital.

“ATC has long held a special place within the Alabang community, and we are approaching its next chapter with both excitement and respect for what it already means to so many people,” Soliven added

Meanwhile, Rockwell Land remains vigilant in its outlook amid geopolitical turmoil and local real estate industry challenges.

“Moving forward, Rockwell is carefully navigating industry headwinds, maintaining a disciplined approach to project delivery and market expansion. The current times are a reminder that resilience and adaptability continue to define not only our industry, but also our company’s journey over our first three decades,” said Padilla.

The company registered a 29 percent jump in earnings last year to ₱5.3 billion while posting an even higher 67 percent rise in net income to ₱1.29 billion in the first quarter of 2026.

Let me end this post by asking you readers: What is your reaction to this recent development? Does Rockwell’s plan to redevelop Alabang Town Center sound good to you? Are you convinced that Rockwell truly cares about the interests of Alabang’s residents? Do you think the redevelopment plan could spark a wave of more commercial developments throughout the city of Muntinlupa?

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

What To Watch On YouTube Right Now – Part 140

June 3, 2026May 25, 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 Retro Videos Of Scary Movie (2000) – Some of you might be aware that a brand new Scary Movie (2026) is coming out very soon. Although it’s nice to see Anna Faris and the Wayans brothers in the trailer of the new movie, I am not very motivated to see it. That said, I am more nostalgic about the original Scary Movie of 2000 and that film is significant as there are many retrospective videos about it in YouTube. As such, I posted below the selected videos of Scary Movie (2000) for your enjoyment.

#2 How Tekken 3 Was Made Possible On PlayStation – When I first played Tekken 3 in the arcades in 1997, I was already an avid fan of Tekken 2 which I played a lot on the PlayStation console. Back then, I wondered how Namco would be able to port Tekken 3 on PlayStation are the arcade version had much more powerful hardware. A year later, Tekken 3 was released on PlayStation and I played it a lot. The more I played it, the more impressed I was with how the game looked and felt on PlayStation. Not only that, Tekken 3 on PlayStation had features that the original arcade version did not offer. To find out how Namco made the “impossible port” of Tekken 3 using the PlayStation’s aging hardware, watch the video below.

#3 1990s NBA Plays That Are Still Great To Watch – Remember how exciting NBA basketball action was back in the 1990s? It was during the 1990s when the NBA became a global phenomenon, when the NBA had such super stars like Michael Jordan, Reggie Miller, Charles Barkley, Shaquille O’Neal and others who made great basketball plays. Back in those days, the Internet was slowly emerging and there obviously was no social media to amplify the great NBA moments. Posted below is a video that looks back at sixty great NBA plays that would have rocked the world had social media existed much earlier.

#4 Lunch At Ginza – Have you ever been to Ginza when you visited Japan? For the newcomers reading this, Ginza is the premier upscale district in Tokyo famous for shopping, fine dining and entertainment. Believe it or not, there are places in Ginza where visitors can have lunch at affordable rates and be satisfied. Watch and learn from the Nippon TV video below.

#5 You, Me And The Movies React To Resident Evil: Degeneration – When the computer-generated movie Resident Evil: Degeneration was released in 2008, it created a lot of buzz for the dedicated fans of the Resident Evil video games, particularly those who followed the iconic characters Leon Kennedy and Claire Redfield (the Resident Evil 2 characters). The limited theatrical releases did not stop the movie from achieving good box office numbers and it went on to sell a lot on DVD and Blu-ray later. But has the movie aged well and does anyone here enjoy it more than the live-action Resident Evil movies of Milla Jovovich? Watch the reaction video below and observe how it impacts You, Me and the Movies.

#6 Shoplifting Rampage By Hijabi Muslim Goes Very Wrong – Did you notice any woman wearing a hijab who engaged in theft lately? Overseas, someone committed shoplifting and things went very wrong. If you manage a store or if you care much about preventing the crime of theft from happening, you better watch the video below and pay close attention to the details. Do not let the Islamists manipulate you and never let them terrorize you.

#7 Origin of The Jackal – You ever heard of The Jackal in comic books? The Jackal is one of Spider-Man’s super villains and he is involved in one of the most tragic events of the icon’s life and also in the sagas about clones. Veteran creator J.M. DeMatteis called the Jackal as “a terrific villain.” To get to know more about the Jackal, watch the video below.

#8 Rhetorical Thrill Reacts To Toy Soldiers – Remember back in the 1990s when there was a slew of action or adventure films with terrorists as the antagonists? This was the so-called “Die Hard effect” in reference to the 1988 classic action film that starred Bruce Willis. In 1991, the movie Toy Soldiers was released and it was about an all-male boarding school that got occupied by terrorists, and only a group of rebellious students can achieve a breakthrough. Recently, Rhetorical Thrill posted her reaction video about Toy Soldiers and it is entertaining to watch.

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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

Malaysia Now Has Little Caesars

May 28, 2026May 28, 2026carlocarrasco

Recently in Malaysia, the most-visited Southeast Asian country in the first quarter this year, Little Caesars opened its first outlet in the country marking its ongoing global expansion, according to a VnExpress news report.

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

Little Caesars, the world’s third-largest pizza chain only after Domino’s and Pizza Hut, has opened its first outlet in Malaysia, marking the brand’s global expansion.

The new outlet was launched on May 24 in Damansara Utama, a suburb of Petaling Jaya in Selangor.

The outlet serves Little Caesars’ signature Hot-N-Ready classic pepperoni pizza and crazy puffs pepperoni, while also incorporating localized offerings such as Chicken Hawaiian, 3 Cheese Edge to Edge, and Classic Veggie pizza, the chain said in a statement.

The chain is known globally for its affordable pizzas, Crazy Bread, and quick grab-and-go style meals.

Little Caesars, billed as the “Best Value in Pizza,” was founded by Mike Ilitch and Marian Ilitch as a single family-owned restaurant in 1959 and is headquartered in Michigan. It has since grown into the world’s third-largest pizza chain, operating restaurants across all 50 U.S. states and 31 countries and territories.

Let me end this piece by asking you readers: What is your reaction to this development? If you were to visit Malaysia today, would you make an effort to visit Little Caesars and have a meal there? If you have dined at Little Caesars before, what is your favorite among their food offerings? Do you think Little Caesars will be able to do good business in Southeast Asia?

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 139

May 27, 2026May 26, 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 Maximum Carnage Revisited – With Spider-Man, Venom and Carnage all in high demand in 1993, Marvel Comics launched the 14-part Maximum Carnage storyline published on the four Spider-Man monthly comic book series and the quarterly Spider-Man Unlimited series. Carnage back then was a still new super villain who is more insane and more bloodthirsty than even Venom. Maximum Carnage has a divisive reception among fans and comic book collectors. Some called it the worst Spider-Man storyline while others found it exceptional as the chaos in New York City attracted other Marvel superheroes – notably Captain America – to help Spider-Man solve the crisis. Regardless of opinion, Maximum Carnage made an impact on pop culture and it got its own official video game adaptation. To discover more about Maximum Carnage in comics and in video game form, watch and learn from the videos below.

#2 The World’s Largest Truck Stop Diner – While I have visited the United States a number of times since 1989, I never had the opportunity to spend time at a truck stop diner nor have I ever experienced traveling long distances in a truck. Having seen truck stop diners (or rest places for truckers) on videos and on TV, I noticed those places have a unique vibe, its own culture and assorted meals customers can enjoy. As such, I urge you to watch the video below and pay attention to the details.

#3 You, Me And The Movies React To Scary Movie (2000) – In November of 2000, I saw Scary Movie in the local cinema here in the Philippines and almost all the seats were filled. That film was released in America in July that same year and it became a surprise box office hit. Even though it was not heavily promoted here in the Philippines, it still attracted a lot of local moviegoers upon opening. Regardless, the Keenen Ivory Wayans-directed movie was a mature parody of varied horror movies (notably the Scream and I Know What You Did Last Summer movies) and its success made Anna Faris popular. Local moviegoers who enjoyed American Pie had their enjoyment watching Shannon Elizabeth again. Now that the movie is over a quarter-century old, one has to wonder if it still has the power to entertain viewers, especially those who missed out on it. That said, you should watch the reaction video of You, Me and the Movies below.

#4 Ashleigh Burton Reacts To Patriot Games – Recently, Ashleigh Burton posted her reaction video of the 1992 movie Patriot Games starring Harrison Ford as Jack Ryan. For context, Patriot Games was the cinematic sequel to The Hunt For Red October and both were based on novels by Tom Clancy. At the time of Patriot Games’ release, there was some buzz and even debates about Harrison Ford’s portrayal of Jack Ryan, especially when compared to Alec Baldwin’s take on the same character in the 1990 film. How Ashleigh Burton reacts to Patriot Games is a must-see.

#5 Bears Cause Trouble In Japan Again – Recently in Japan, bears are causing trouble once again and there was one person who got attacked. As there is still a lot of forests and untouched land in Japan, bears are present and arguably multiplying. From time to time, bears come out of the woods and appear in places where people dwell. As such, there is a lot for you to learn about them and you can stay safe in Japan by watching the Nippon TV video below.

#6 Why Gamers Stopped Buying Games At Full Price – Are you a hardcore gamer who got so disappointed with the current state of gaming that you decided to refrain from buying video games at full price? You definitely are not alone. In my experience as an Xbox gamer, I got very turned off by the changes made by Team Xbox as well as the quality of their high-profile first-party games of the past two years, I decided to go for bargains and retro gaming. I also extended my patience for brand new games to drop their prices first before I could even consider buying them. The video posted below explains in detail how the gaming landscape shifted and how the behaviors of gamers have changed which should concern every video game company that invested so much on making new video games. Watch it and pay attention to the details.

#7 Minty Comedic Arts’ Revenge Of The Nerds Trivia Video – During the early stages of the COVID-19 pandemic, Minty Comedic Arts posted his trivia video about the 1984 raunchy comedy classic Revenge of the Nerds. Directed by Jeff Kanew and starring the late Robert Carradine, Anthony Edwards, Ted McGinley and Julia Montgomery, the movie follows a group of socially awkward students who are compelled to form their own fraternity after getting harassed and bullied by a dominant fraternity. Filled with adulterated gags, funny dialogue and memorable character moments, Revenge of the Nerds was a commercial success and it spawned three sequels. The story behind the movie’s production is filled lots of details that are worth exploring and you can learn all about those by watching Minty Comedic Arts’ trivia video below.

#8 The Forgotten Cartoons Based On Video Games – You may have played the video games of Tomb Raider, Darkstalkers, Wing Commander, Mutant League and Bubsy. But have you seen the cartoon shows based on them? Indeed, there were animated adaptation of the said games and not too many gamers remember them. That said, you have to see GoodBadFlicks’ video about them now.

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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

Economic Warning Signs In The Philippines Grow

May 26, 2026May 21, 2026carlocarrasco

With weak economic growth and high inflation already happening, the future is looking dark for the economy of the Philippines and there are warning signs growing, according to a news report by Malaya Business Insight.

To put things in perspective, posted below is an excerpt from the Malaya Business Insight report. Some parts in boldface…

The Philippines is not yet in stagflation, economists said, but slowing growth, high inflation, weak public spending, and the Middle East oil shock are pushing parts of the economy closer to danger.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said some weaker sectors may already be feeling near-stagflation conditions.

“Near stagflation conditions for some vulnerable, already weak industries. But stronger ones are more insulated,” Ricafort said.

His comment followed President Marcos Jr.’s statement that potential stagflation is among the concerns keeping the government “awake at night” as officials try to contain prices of basic goods and keep the economy running.

Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said the country is still not in stagflation, although the risks are rising.

“There are potential stagflation risks, but we’re not yet there,” Ravelas said at the weekly Pandesal Forum in Quezon City on Wednesday.

He said unemployment remains below its long-term average, while the economy continues to post positive growth despite the slowdown.

“If we talk about the average unemployment rate in the Philippines since the 1960s, it’s 7.5 percent. Right now, our numbers are between 5 percent and 5.3 percent,” Ravelas said.

Inflation, however, remains a major threat. Ravelas said consumer prices could climb to 8 percent to 9 percent toward the end of the year, with households likely to feel the sharpest impact from higher fuel, food, and transport costs.

He said the stagflation concern recalls the oil shocks of the 1970s, when energy disruptions pushed prices sharply higher while economic activity weakened.

Ravelas said the more immediate challenge is reviving spending, particularly government spending, to keep growth from losing further momentum.

He said the economy is still feeling the effects of last year’s flood-control scandal, which disrupted public works and slowed disbursements, while the inflationary impact of the US-Iran conflict has added pressure.

Restraining spending now, he said, would be like “shooting ourselves on our foot” because it would further weaken recovery.

“We need to be able to work on improving consumption,” Ravelas said.

He also said the government must convince the public that it is acting decisively to stabilize prices.

“When it comes to fighting inflation, we need to show our countrymen, from a government perspective, that prices are stable. That would be a good opportunity so that they will believe the government is doing something,” he said.

Ravelas noted the country should also invest in upskilling workers to improve employment prospects.

Given the inflation pressure, he said the Bangko Sentral ng Pilipinas is likely to take a defensive policy stance and raise interest rates by 50 to 75 basis points, although it must balance inflation control with the need to support growth.

A separate report from the De La Salle University Carlos L. Tiu School of Economics said inflation is being driven mainly by fuel, as higher energy costs feed into transport, logistics, and production.

“Fuel costs have more than doubled since the war began, pushing inflation sharply higher from May through August 2026. We expect inflation to peak at around 8 percent in August,” economists Jesus Felipe, Mariel Monica Sauler, Gerome Vedeja, political scientist Susan Kurdli, and research assistant Seth Paolo Paden said in the school’s May economic report.

They said the disruption in the Strait of Hormuz has also cut off roughly a third of global fertilizer supply, keeping inflation elevated through the end of 2026.

By early 2027, the report said, energy and fertilizer pressures are expected to ease, with inflation likely to return to the BSP’s 2 percent to 4 percent target band by April 2027 and settle at around 2.8 percent in 2028.

The DLSU economists said the current inflation surge is a supply shock caused by war-related disruptions in global energy and food markets, making interest rate increases an imperfect response.

“Higher interest rates will neither bring oil prices down nor reopen the Strait of Hormuz. What they will do is make borrowing more expensive, slow investment, and constrict household spending,” they said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will eventually fall into a state of stagflation this year? How are you dealing with the higher costs of living nowadays?

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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University Economists Say Philippine Economic Growth Could Slow Down To 3.1% This Year

May 23, 2026May 21, 2026carlocarrasco

Could the economy of the Philippines be weakening a lot right now? As far as the economists of De La Salle University (DLSU) are concerned, economic growth will be 3.1% this year and they pointed to the effects of the Middle East conflict, rising inflation and other factors, according to a Manila Bulletin news report.

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

De La Salle University (DLSU) economists slashed their 2026 Philippine gross domestic product (GDP) growth forecast to 3.11 percent from 3.79 percent previously, warning that the economy is facing mounting pressure from the Middle East conflict, elevated inflation, and lingering domestic vulnerabilities.

If realized, the revised forecast would mark the country’s weakest annual economic growth post-pandemic, worse than the 4.4 percent recorded in 2025 in the aftermath of the flood-control corruption scandal and below the government’s downscaled five- to six-percent target.

In their report on the Philippine economy for May 2026, published on Monday, May 18, DLSU economists Jesus Felipe, Mariel Monica Sauler, Gerome Vedeja, and Seth Paolo Paden, together with political science professor Susan Kurdli, said the downgrade reflected “three converging pressures on the economy.”

These include the Middle East conflict disrupting oil supply and pushing energy prices higher, the risk of tighter monetary policy should inflation persist, and the emerging pass-through of higher fertilizer costs to food prices.

“The combination of all three explains why the growth outlook has deteriorated more sharply than previously expected,” the report read.

The economists noted that the economy had already slowed sharply to 2.81 percent in the first quarter, which they described as “the last reading to reflect pre-shock normalcy” before the full impact of the Middle East conflict filtered through fuel prices, inflation, and fertilizer supply disruptions.

DLSU expects growth to slow further to 2.8 percent in the second quarter and 2.3 percent in the third quarter before recovering to 4.53 percent in the fourth quarter on the back of government catch-up spending, overseas Filipino workers’ (OFWs) remittances, and an eventual recovery in investments should geopolitical pressures ease.

The report warned that the war had exposed the Philippines’ structural vulnerabilities, particularly its heavy dependence on imported petroleum, fertilizer-sensitive food production, and a fragile investment environment already weighed down by domestic political issues even before the external shock emerged.

Medium-term growth is projected to recover to 3.93 percent in 2027 and 5.71 percent in 2028, driven by easing energy prices, the expected shift toward monetary accommodation, election-related spending, and the ramp-up of the Pax Silica semiconductor industrial hub. Still, both projections remain below the government’s downgraded growth targets.

For 2026, DLSU expects private consumption growth at 4.93 percent, government expenditure at 4.89 percent, exports at 4.51 percent, and imports at 5.62 percent. Gross fixed capital formation, however, is forecast to contract by 1.99 percent, reflecting weak investor confidence, slowing bank lending, and elevated geopolitical risks.

On the supply side, agriculture, forestry, and fishing are projected to grow just 0.2 percent this year, while industry is expected to expand 1.24 percent and services 4.38 percent.

The economists also warned that inflation would remain “elevated through the end of 2026” as higher fuel costs spill over into transport, logistics, and food prices. The report expects inflation to peak at around eight percent by August before easing back within the Bangko Sentral ng Pilipinas’ (BSP) two- to four-percent target band by April 2027.

DLSU also expects the peso to weaken further this year, projecting the currency to hit around ₱63.5 against the United States (US) dollar by August due to rising oil import costs and negative real interest rates before recovering in succeeding years.

The economists argued that peso depreciation may provide limited support to the economy because most Philippine exports and imports are priced in US dollars under the dominant currency pricing system.

“The short-run effect of depreciation tends to be: stronger on import prices; weaker on export volumes; more inflationary; [and] less expansionary for net exports than the textbook case,” the report said.

The report explained that because Philippine exports—particularly electronics and global value chain-related products—contain substantial imported inputs, peso depreciation could raise production costs while delivering only limited gains to export volumes.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines has no room left to find ways to boost economic growth this year? What do you think the national government should do to stimulate the economy?

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 Counting On Stronger Cooperation With Japan On Investment And Energy Security

May 23, 2026May 21, 2026carlocarrasco

As it is already struggling with weak economic growth and high inflation, the Philippines is looking forward to Japan for stronger cooperation on investment and energy security, according to a news report by Malaya Business Insight.

To put things in perspective, posted below is an excerpt from the Malaya Business Insight report. Some parts in boldface…

President Ferdinand Marcos Jr. said the Philippines is counting on stronger cooperation with Japan on investment, energy security, and defense as his administration seeks to keep the economy moving despite high inflation, slower growth, and pressure from the Middle East crisis.

Speaking to Japanese media in Malacañang ahead of his May 26 to 29 state visit to Japan, Marcos said the government remains confident the economy can recover from the recent slowdown, citing continued investor interest and policy measures meant to cushion consumers and businesses.

The economy grew 2.8 percent in the first quarter, slower than 3 percent in the fourth quarter of 2025, while inflation surged to 7.2 percent in April from 4.1 percent in March.

Marcos said the government was trying to keep the “economic machine running” despite “elements of fear” arising from global uncertainty.

“Luckily, I suppose, or at least as I said, we are still continuing to see marked interest in investment in the Philippines,” Marcos said.

“And perhaps this is why. This is because of the policies that we adopted, the incentives that we put out for investors. And so slowly we can see the way through this. Where we will recover through this,” he added.

Marcos said the risk of stagflation, or weak economic growth combined with rising inflation, remains a major concern.

He said the government has rolled out fuel subsidies, cash aid for the transport sector, a price cap on imported rice, and the P20-per-kilo rice program to help contain inflation and ease the burden on consumers.

“We want to keep the system, the economic system, continuing to function. We have done all these measures to keep inflation down,” Marcos said.

The President said his talks with Japanese Prime Minister Sanae Takaichi are expected to focus on energy security and defense cooperation, including tensions in the South China Sea and East China Sea.

Marcos said both countries have faced coercive actions and “gray zone” tactics, making adherence to international law and the United Nations Convention on the Law of the Sea central to the discussions.

He said he would also push for the full implementation of the Reciprocal Access Agreement signed in July 2024 and the Acquisition and Cross-Servicing Agreement signed in January.

Marcos said Japan’s participation in this year’s Balikatan exercises marked a significant step in strengthening interoperability among allied forces.

He also said the Philippines expects to benefit from Japan’s easing of restrictions on defense exports, including support for radar systems, aircraft, vessels, information technology sharing, and personnel training.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines cannot grow stronger without the involvement of Japan and its investors? Do you think the Philippines will proceed to acquire anti-ship missile systems from Japan to enhance national defense?

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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