food – Page 4 – Author Carlo Carrasco

What to watch on YouTube right now – Part 94

August 11, 2025August 8, 2025carlocarrasco

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 Popcorn in Bed react to Man of Steel – It has been over twelve years since I first saw Man of Steel in the cinema. Directed by Zack Snyder, the 2013 Superman movie had a mixed reception but managed to gross $670 million worldwide and led Warner Bros. to releasing more DC Comics superhero movies in a shared universe (ended in 2023). Recently, Popcorn in Bed finally posted its reaction video of Man of Steel and I can say it is worth the wait. Watch it now.

#2 Where to buy onigiri in Tokyo – Have you tried eating onigiri lately? Onigiri is a rice ball (rice wrapped in nori) popular in Japan and it is eaten by hand. While there is a growing number of convenience stores selling onigiri, there is still nothing like buying freshly made onigiri in dedicated stores or restaurants in Tokyo. Watch and learn from the video below.

#3 Faked presentation of starvation in Gaza exposed! – You might have seen all the news and images about starvation in Gaza through mainstream news outlets such as CNN, MSNBC, The New York Times, Reuters, Associated Press, Agence France-Presse, The Washington Post and more. Countless reports and images were published showing Gaza residents (Palestinians) desperate for food made gullible people sympathetic for the hungry while also becoming angry towards Israel. The truth of the matter is that the portrayal of Palestinian starvation is fake, staged and deliberately crafted by the Islamic terrorists who have lots of mainstream news media partners-in-crime with them. There is no real famine in Gaza at all and it is undeniable that Palestinian terrorist group Hamas (loved by the Islamo-Leftist media) stole humanitarian aid to feed themselves leaving nothing for their fellow Gaza residents. Watch and learn from the videos below.

#4 Full Metal Jacket reaction videos – Released in 1987, Stanley Kubrick’s Full Metal Jacket succeeded in intriguing or even shocking moviegoers whose perception of the Vietnam War got shaken. To be clear, the movie (which starred Matthew Modine, R. Lee Ermey, Vincent D’Onofrio, Adam Baldwin, and Arliss Howard) was more than just about war. It also showed the dehumanizing effects of war preparation, the dark humor that happens during war time and how people react when their emotional limits and sanity were really pushed hard. That being said, you should see how the movie draws reactions from the following YouTubers through their respective reaction videos.

#5 Slope’s Game Room examines Castlevania game franchise – Since the 1980s, Konami and its talented developers produced a whole lot of Castlevania video games ranging from 2D side-scrolling adventures into 3D polygonal escapades. Considering how significant Castlevania is as a game franchise, now is a good time to examine the history of Castlevania through the in-depth videos of Slope’s Game Room below.

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

What to watch on YouTube right now – Part 91

July 25, 2025July 22, 2025carlocarrasco

I recommend you check out the following videos I found.

#1 The tragic story of singer Phyllis Hyman – More than thirty years ago, the world lost a very talented singer when Phyllis Hyman died and investigators determined that she took her own life by overdosing on sleeping pills and vodka. Beyond the pieces of evidence found, there were a lot of factors in real life that led to death such as Phyllis Hyman’s struggles with bipolar disorder, depression, music industry complexities and more. For the newcomers reading this Hyman recorded several albums from 1970s to the early 1990s. She was the artist behind the songs Somewhere in My Lifetime, You Know How to Love Me, Old Friend and even the rejected song for the 1983 unofficial James Bond movie Never Say Never Again. If you are interested to learn more about the late Phyllis Hyman and discover her contributions in music and how her life was, watch the video below.

#2 How frozen pizzas are made in great numbers – Do you enjoy eating pizza that was previously frozen? I personally don’t like frozen pizzas because their texture and taste are not as good as those of pizza baked in the oven. Even so, frozen pizza still has a huge industry overseas and millions of them are being made and distributed to groceries and other retailers. In case you are wondering how is the frozen pizza prepared, automation is the answer and you can learn about it from the video below.

#3 Movie with strong summer vibes – If you were watching a new movie during the summer season or if you saw a movie with a summer setting, does it deliver to you the summer vibe at all? Certain movies from long ago did exactly that and you can see what movies are those by watching the video below.

#4 John Carpenter’s The Thing revisited – The first time I ever saw John Carpenter’s 1982 film The Thing was on cable TV in the mid-1990s. Then in 2011, a prequel film with the same title was released but it only made me interested in the original. While John Carpenter’s film did not have much of an impact on me (note: I admire Kurt Russell’s performance and the impressive practical effects), it did with YouTubers through their respective reaction videos. Watch the selected videos below (note: I added Minty Comedic Arts’ video for those who enjoy trivia).

#5 Michael Jordan’s 1997 flu game heroics remembered – Remember way back in the 1997 NBA Final when Michael Jordan played in Game 5 at Utah feeling sick? Before the game started, something terrible happened to him the previous night and the Chicago Bulls badly needed him as the series was tied at 2-2. Worse, the fifth game was held at the Delta Center and it was always filled with the very loud fans of the Utah Jazz. How did Jordan overcome his sickness to pull off basketball heroics? Watch the retrospective video below.

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What to watch on YouTube right now – Part 90

July 21, 2025July 20, 2025carlocarrasco

I recommend you check out the following videos I found.

#1 How to catch a shark and prepare it for consumption – If you are fond of fishing, have you ever tried catching a shark and then preparing it for cooking and eating? You can learn a lot from the video of Darcizzle Offshore which showed how a blacktip shark was caught. That being said, let me ask you – when was the last time you had shark for a meal? Watch the video below.

#2 Arcade games that never got ported – Through the decades, I visited the local arcades and played a lot of games. Along the way, there were times when I simply watched other games being played by others. Being an avid gamer, I noticed that there were several games of the arcade that never got ported on to consoles nor home computers nor the mobile devices. I recently stumbled on this video by Just Jamie which is entertaining to watch.

#3 Female bodybuilders and fitness influencers who died this year – With your current knowledge about health, do you often think that being healthy and being very muscular are always related with one another? Did you believe having a bulked up body means you are healthy? Believe it or not, there are already some female bodybuilders who did recently and certain details behind their deaths might shock you. Watch and learn from the video below.

#4 You, Me and the Movies posted another Friday The 13^th (1980) reaction video – In July of 2021, YouTuber You, Me and the Movies posted its reaction video of 1980’s Friday The 13^th. Recently, You, Me and the Movies posted another reaction video of the same movie but “Mrs. Movies” has been replaced by her sister Berly. I encourage to watch the video below.

#5 Fig Newtons remembered – Back in the 1980s, I saw an eye-catching print ad of the snack Fig Newtons while reading a superhero comic book here in the Philippines. Some years later, I managed to eat Fig Newtons imported from the United States and it was delicious to eat. If anyone of you likes snacks in general or if you really loved eating Fig Newtons before, posted below for your viewing pleasure and learning is a video about the history of Fig Newtons.

#6 SwordQuest contests and prizes remembered – Back in the 1980s, Atari released on their Atari 2600 console a fantasy-themed series of video games called SwordQuest. Not only did they release three SwordQuest games (click here, here and here), the company even organized contests (about the games) that had luxurious prizes made of real gold and jewels for champions. To take a close look at the events that happened – complete with archive video footage and pictures – watch the video by Save Data below.

#7 Ashleigh Burton reacts to Moonraker – If you are less than thirty years-old and you started watching James Bond movies in the 21^st century, were you able to watch the movie that had Agent 007 go to outer space? 1979’s Moonraker is the one and only James Bond movie (starring the late Roger Moore) that featured space travel and even laser battles in space. Moonraker was also the first James Bond movie to surpass the $200 million mark in global ticket sales. For some people, Moonraker aged badly but for some it still is entertaining to watch. To find out more about Moonraker, watch Ashleigh Burton’s reaction video below.

#8 The international box office weakness of James Gunn’s Superman explained – No matter what Warner Bros. did and no matter the overseas promotional tours done by the filmmakers and stars of James Gunn’s Superman, the movie ended up as a box office disappointment outside of America grossing only $95 million during its first international weekend. In fact, the new Superman movies could not take down Jurassic World: Rebirth in certain countries during the weekend of July 11-13, 2025. As America generated the majority of its ticket sales, the movie has lesser chances of making $1 billion worldwide and I would not be surprised to see it gross less than 2013’s Man of Steel ($670 million worldwide). To learn why James Gunn’s Superman is already a commercial disappointment with moviegoers outside of America, watch the videos below.

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Las Piñas Launches Nutrition Month with Healthy Food Fair

July 8, 2025July 2, 2025carlocarrasco

Recently in the City of Las Piñas, the local celebration of Nutrition Month was launched at City Hall and a food fair was organized in connection with it, the City Government announced via social media. Mayor April Aguilar and city health officials were present during the launch.

To put things in perspective, posted below is an excerpt from the social media post of the City Government. Some parts in boldface…

The City Government of Las Piñas officially launched this year’s Nutrition Month celebration with the opening of the Healthy Food Fair on Tuesday, July 1, at the City Hall Quadrangle.

Mayor April Aguilar led the kickoff ceremony together with Officer-in-Charge and City Nutrition Action Officer Dr. Julio P. Javier II. Organized by the City Nutrition Office, the event showcased a wide variety of affordable, nutritious meals prepared by community groups and barangay representatives, aiming to promote accessible healthy eating among Las Piñeros.

Now in its sixth year, the Healthy Food Fair runs from July 1 to 4, and forms part of the city’s month-long observance of Nutrition Month, aligned with the national campaign “Sa PPAN: Sama-Sama sa Nutrisyong Sapat Para sa Lahat! – Food at Nutrition Security, Maging Priority! Sapat na Pagkain, Karapatan Natin!”

Mayor Aguilar expressed her full support for the initiative and emphasized the city government’s continuing commitment to public health and nutrition.

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? When was the last time a Nutrition Month celebration was held in your local community?

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

PLDT Moving Headquarters to Filinvest City

July 5, 2025October 22, 2025carlocarrasco

In relation to the Filinvest Group’s strong confidence with its Alabang central business district (CBD), it has been revealed that telecommunication giant PLDT will relocate its headquarters to the Southgate District of Filinvest City in Alabang, according to a Manila Bulletin news report.

For the newcomers reading this, Filinvest City is located within the Alabang area of Muntinlupa, and it is connected with both the South Luzon Expressway (SLEX) and the Metro Manila Skyway (which itself is connected to the NAIA Expressway and the North Luzon Expressway) which makes travel connectivity convenient. PLDT itself has its current headquarters in Makati City which has lasted for decades. This new development with Filinvest City adds potential business value to Alabang. It should be noted that Filinvest City also has its own local residents.

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

Filinvest City, the premier township developed by the Filinvest Group, is poised for a transformation with the announcement that PLDT Inc., the nation’s largest integrated telecommunications company, will relocate its headquarters to the Southgate District of Filinvest City.

This strategic move, which involves the development of the country’s first tech campus, signals a game-changing moment for the Garden City, paving the way for a smarter, greener, and more connected urban landscape in Metro South.

The decision to move was revealed in a press statement from Filinvest City, noting that PLDT’s choice of Filinvest City followed years of careful study and strategic planning.

The planned five-hectare PLDT campus, envisioned as the future headquarters for the telecommunications group, is slated for progressive development, with initial phases expected to commence soon.

The project draws inspiration from leading global tech campuses and reflects PLDT’s long-term commitment to fostering an innovative and future-ready workplace.

This campus is part of our effort to build a healthier, more collaborative work environment, said PLDT Chairman and CEO Manuel V Pangilinan. He added that it reflects our belief that the workplace must evolve alongside the industries we serve. We hope it will inspire creativity, encourage teamwork, and support the future of PLDT.

The tech campus is designed not only as a headquarters but also as a hub for innovation, collaboration, and digital transformation, aiming to consolidate talent and technology to cultivate a culture of agility and forward-thinking.

This aligns with PLDT’s dedication to shaping the future of connectivity in the Philippines. The development is projected to create thousands of jobs during both construction and operational phases, boosting demand for residential and commercial spaces and supporting local businesses and startups.

It is also expected to attract professionals and innovators to Metro South, reinforcing Filinvest City’s role as a nexus for future-forward enterprises.

Josephine Gotianun-Yap, Vice Chairperson, Filinvest Development Corporation, noted the transformation of Filinvest City from a quiet stock farm into a vibrant garden metropolis, stating that this was achieved through vision, dedication, and a steadfast sense of purpose. She also said, Filinvest City was designed with intention: to foster an environment where businesses thrive, innovation flourishes, and people live well. We believe a great city is not simply a backdrop to success—but a catalyst for it.” She further added that Filinvest remains committed to continued growth and meaningful collaboration, especially with PLDT, as it pursues its mission to empower Filipinos through meaningful connections, digital inclusion, and sustainable progress.

This landmark project reinforces Filinvest City’s commitment to sustainable and integrated urban planning. As the country’s only central business district holding both LEED Gold and BERDE certifications, Filinvest City is recognized for its green building standards and environmentally responsible design. The city’s master plan embraces the live-work-play philosophy, ensuring a holistic urban experience for its residents, workers, and visitors.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think PLDT’s upcoming headquarters in Alabang will create many new jobs and add value to Filinvest City as business and investment destination? Do you think this new development will influence other major corporations to consider establishing new headquarters in Alabang? Do you consider Muntinlupa City a more competitive highly urbanized city (HUC) in relation with PLDT’s upcoming Alabang headquarters?

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

Filinvest Group still optimistic with Alabang central business district

June 29, 2025October 22, 2025carlocarrasco

Even though there are emerging rivals that each have distinctive attractions for businesses and residents, the Filinvest group remains confident and optimistic with its 244-hectare Filinvest City in Alabang, Muntinlupa, according to a business article by BusinessWorld. This is about the current state of corporate cities or central business districts (CBDs) which are contributing a lot to the economy of the Philippines in terms of financial value, jobs, properties and new residential communities.

For the newcomers reading this, Filinvest City is located within the Alabang area of Muntinlupa City, and it is connected with both the South Luzon Expressway (SLEX) and the Metro Manila Skyway (which itself is connected to the NAIA Expressway and the North Luzon Expressway) which makes travel connectivity convenient.

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

THE FILINVEST group is banking on unsold inventory and infrastructure readiness at its 244-hectare Filinvest City in Alabang, Muntinlupa to support growth in its township portfolio, as new large-scale developments emerge in Metro Manila and nearby provinces.

Catherine A. Ilagan, president and chief executive officer of Filinvest Alabang, Inc. (FAI), said Filinvest City continues to attract interest from businesses and residents, even as estates such as the 3,500-hectare Villar City, the 700-hectare Vermosa in Cavite, and the 74-hectare Arca South in Taguig expand their footprints.

“We’re the most developed. We have the essentials to back it up. We have the infrastructure and all of the utilities. All of that are already in place. Accessibility is also key. We also have access to talent,” Ms. Ilagan said in an interview with BusinessWorld.

“It takes a long time to develop into a real central business district (CBD),” she added.

FAI is the real estate arm of the Filinvest group, overseeing townships and high-end residential developments.

“In terms of densifying, there’s still a lot of potential for Filinvest City. The outlook for Filinvest City is really positive,” Ms. Ilagan said.

“The release of inventory is very deliberate,” she added.

According to a regulatory filing by the Filinvest group’s listed conglomerate, Filinvest Development Corp. (FDC), FAI beneficially owns 76.4 hectares of unsold lots in Filinvest City as of end-2024, indicating further growth capacity.

Launched in 1995, Filinvest City is a mixed-use township that integrates a CBD, residential communities, leisure destinations, educational institutions, and medical and wellness centers.

It is the country’s only CBD to hold both Leadership in Energy and Environmental Design (LEED) and Building for Ecologically Responsive Design Excellence (BERDE) certifications.

“The LEED and BERDE certifications are testaments to Filinvest City being a green development,” Ms. Ilagan said.

Filinvest City’s sustainability features include a district cooling system that reduces energy use and emissions by servicing multiple buildings, an integrated electric-powered transport system known as the 360 Eco-Loop, and dedicated green spaces and sustainable buildings in Northgate Cyberzone.

Under Ms. Ilagan’s leadership, FAI is replicating the Filinvest City model in other areas as it grows its portfolio of master-planned, sustainable townships and premium real estate developments under the Filigree brand.

Ms. Ilagan brings more than 30 years of experience in real estate and urban development.

“Filinvest City is a ten-minute city. Everything can be reached in ten minutes. This is the DNA that we want to replicate in the other townships,” Ms. Ilagan said.

“We’ve always subscribed to the idea of a balanced live-work-play. That’s the DNA of all of our townships, a well-rounded and balanced development,” she added.

Other FAI-led townships include the 58-hectare City di Mare in Cebu, the 201-hectare Filinvest Mimosa Plus in Clark, Pampanga, the 288-hectare Filinvest New Clark City in Tarlac, and the 677-hectare Timberland Heights in Rizal.

“Whether it’s a small development, a bigger development, a high development, or a denser development, there should always be that balance of live-work-play components. As a real estate developer, that is the sustainable way to do things. Now, we want everything to be walkable,” Ms. Ilagan said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think that Villar City, Arca South and Vermosa don’t have when compared with Filinvest City? If you are developing properties, do you find Filinvest City advantageous and attractive for your business needs?

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

10 More Medicines Now VAT-Exempt in the Philippines

June 28, 2025June 23, 2025carlocarrasco

Some good news for Filipinos struggling with buy medicine for their respective health-related needs. The Bureau of Internal Revenue (BIR) officially announced that ten more medicines are exempted from the value-added tax (VAT), according to a news article by the Philippine News Agency (PNA).

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

The Bureau of Internal Revenue (BIR) said 10 more medicines for cancer, high cholesterol, hypertension, and mental illness are now exempted from value-added tax (VAT).

In a statement on Monday, the BIR said Commissioner Romeo Lumagui Jr. issued Revenue Memorandum Circular No. 62-2025 on June 20 further expanding the list of VAT-exempt medicines.

The BIR said these changes aim to enhance access to critical medications by reducing treatment costs for patients and their families.

Some medicines on the list are Tegafur + Gimeracil + Oteracil Potassium for cancer, Metformin Hydrochloride + Teneligliptin for diabetes, Atorvastatin (as calcium) + Fenobribrate for high cholesterol, Metoprolol tartrate + Ivabradine (as hydrochloride) for hypertension, and Lamotrigine for mental illness.

The VAT exemption, pursuant to Republic Act No. 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) Law, and Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, is intended to be responsive and adaptive to current public health needs, guided by the latest evaluations from the Food and Drug Administration.

“The BIR has issued an additional VAT-exemption of 10 medicines for cancer, diabetes, high cholesterol, hypertension, and mental illness,” Lumagui said.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are on medication, does this new development from the BIR look helpful to you?

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

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What to watch on YouTube right now – Part 81

June 6, 2025June 2, 2025carlocarrasco

I recommend you check out the following videos I found.

#1 Retrospective videos of Krull – I was a young boy when I saw Krull inside the cinema way back in 1983. It was an entertaining experience for me as the movie had a clever mix of fantasy, science fiction and even horror in its presentation. As many years passed by, I replayed Krull as an adult on cable TV and DVD, and it still remained entertaining. For those of you who intend to learn more about (or rediscover) Krull, I posted below some videos for your enjoyment. If you have not seen Krull yet, watch the movie entirely first.

#2 The George Foreman Grill remembered – The late George Foreman will be remembered for a long time. He made an impact on the world in professional boxing during his younger days and made a tremendous comeback by becoming the oldest heavyweight champion at age 45. Along the way, he became a preacher of God’s Word, led a local church and managed a youth center. Along the way, the late Foreman found tremendous success by endorsing a product that became the George Foreman Grill. To find out more about the Foreman and the popular grill, watch the video below.

#3 France’s President humiliated – With the way he is leading France as its President and the way he is helping Palestinian terrorists by antagonizing Israel, Emmanuel Macron is on the wrong side of history. He was back in the media spotlight as he got slapped by his wife recently. Watch and learn from the videos below.

#4 Ashleigh Burton reacts to Casper – It has been a little over thirty years since the live-action movie Casper was released in cinemas. As a young boy, I read some Casper comic books and saw some episodes of the cartoon shows on TV but I never was a fan of the character. I did not see the Casper film until it started showing on cable TV. Casper of 1995 does not interest me much but you should see how it draws reactions from Ashleigh Burton in the video below.

#5 PatmanQC examines Cruis’n USA – Cruis’n USA is one of those hit arcade games from the 1990s that I never got to play in Iocal arcades. Most of the time, I received information of Cruis’n USA primarily due to its port for Nintendo 64 (N64) being heavily reported by video game journalists back then. While the original arcade game was successful with both players and game critics, the same cannot be said about the N64 port. To find out more, watch PatmanQC’s in-depth video below.

#6 Ramnexus examines Oblivion Remastered – It’s been over a month since Oblivion Remastered (full title: The Elder Scrolls IV: Oblivion – Remastered) was released, and I still have not played it on my Xbox Series X. While it is popular with gamers, I still was not convinced to return to subscribing to Xbox Game Pass (XGP) for it. The original Oblivion of 2006 is one of my favorite RPGs of the 21^st century and I just might consider playing its remastered version someday. For now, I am just watching YouTube videos of the remastered game and I found a recent video by Ramnexus that turns out to be an engaging look at it. Watch Ramnexus’ video below.

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New rules streamlining VAT refund processes will make Philippines more attractive to foreign investors

June 6, 2025June 3, 2025carlocarrasco

In the view of the Bureau of Internal Revenue (BIR), the Philippines will become a more attractive destination for foreign investors due to the new rules streamlining the value-added tax (VAT) refund process, according to a Philippine News Agency (PNA) news article.

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

The Bureau of Internal Revenue (BIR) expects the new rules streamlining the value-added tax (VAT) refund process — a key reform under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act – will make the Philippines a more attractive destination for foreign investors.

In a televised interview, BIR Commissioner Romeo Lumagui Jr. said the new regulations are consistent with President Ferdinand Marcos Jr.’s broader goal of making the country more business-friendly.

“Ang expectation natin, makikita ng mga dayuhang investors na seryoso ang pamahalaan na pagbutihin ang pagnenegosyo at papadaliin ang pagnenegosyo dito sa ating bayan (Our expectation is that foreign investors will see that the government is serious on business and in easing the doing of business in our country),” Lumagui was quoted as saying in a news release on Saturday.

“So, we’re hoping that it will encourage foreign investors to do business here in the Philippines,” he added.

According to the BIR chief, the main objective of CREATE MORE, as well as other BIR efforts, is to ease the doing of business and payment of taxes.

Republic Act No. 12066 or the CREATE MORE Act amended the National Internal Revenue Code to provide greater tax relief and incentives for businesses, particularly exporters.

To implement this, the BIR issued Revenue Memorandum Circular No. 37-2025 on April 10, which reduces the documentary requirements for VAT refund claims.

Under the new guidelines, certified true copies of invoices or receipts may now be submitted in place of original documents.

There was also a reduction of three documentary requirements, particularly the proofs of registration with the Securities and Exchange Commission or Department of Trade and Industry (DTI), whichever is applicable, and the copies of Import Entry and Internal Revenue Declarations/Informal Import Declaration and Entry or Single Administrative Document.

For claims involving amortized input VAT on capital goods, prior certifications from the Bureau of Customs may be reused if already submitted in past filings.

Furthermore, for VAT refund claims starting April 1, exporters are no longer required to submit actual proof of shipment, such as bills of lading.

Instead, the BIR will rely on a certification from the Export Marketing Bureau of the DTI, following a newly signed agreement between the two agencies.

“Ngayon pinadali natin ang proseso sa pakikipag-coordinate sa DTI. So, may kanya-kanyang role ang bawat isa para hindi na rin magdoble-doble ang mga requirements at pag-iimbestiga kung talagang merong mga inexport ang isang entity (We made the process easier through our coordination with the DTI. Each agency now has specific roles to prevent duplication in the submission of requirements and in investigating the goods exported by a business entity,” Lumagui explained.

“Patuloy din ang pag-e-examine natin kung ano ang pwede nating i-streamline na mga proseso para mas mapadali pa ang pagnenegosyo sa ating bayan (We also continue to examine what other processes we can streamline to make doing of business in our country easier),” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the changes made will help the Philippines attract more foreign 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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SEC approves P6.26 billion deal between Filinvest Land and FILRT, Festival Mall ownership included in deal

June 5, 2025May 30, 2025carlocarrasco

Following the huge deal between Filinvest Land. Inc. (FLI) and Filinvest REIT Corporation (FILRT) and the deed of exchange signed by the two corporations over the ownership of Festival Mall, the Securities and Exchange Commission (SEC) officially approved the P6.26 billion deal putting it closer to completion, according to a Manila Bulletin business news report.

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

The Securities and Exchange Commission has approved the valuation of the ₱6.26 billion property of Filinvest Land Inc. to be acquired by Filinvest REIT Corporation (FILRT) via an asset-for-share swap, putting it a step closer to completion.

In a disclosure to the Philippine Stock Exchange, FILRT said it has received from the SEC the Certificate of Approval of Valuation for its property-for-share swap with FLI under which LI will transfer its ownership over the Festival Mall – Main Mall, consisting of a building and certain machinery and equipment in favor of FILRT.

Festival Mall-Main Mall which is located in Filinvest City, Alabang, Muntinlupa City, consists of a building with gross leasable area of 121,862 square meters.

In return, FILRT will issue to FLI 1.63 billion primary common FILRT shares at an issue price of ₱3.85 per share under the Memorandum of Agreement and the Deed of Exchange both dated March 5, 2025.

The Transaction Price was set at a 30 percent premium over FILRT’s 30-day volume-weighted average price of ₱2.94 per share, which is within the range of fair values provided for in FTI Consulting Philippines, Inc.’s Fairness Opinion.

FILRT’s Related-Party Transaction Committee and Board of Directors unanimously approved the Transaction at their special meeting on January 24, 2025, and it was subsequently approved by FILRT’s stockholders during their special meeting on March 4, 2025.

The acquisition of the Property will increase FILRT’s total gross leasable area by 37 percent to 452,310 sq.m. This likewise will improve occupancy from 83 percent to 88 percent and extend the weighted average lease expiry (WALE) from 7.3 to 14.6 years. This will also increase FLI’s equity in FILRT from 51.06 percent to 63.27 percent.

The Transaction allows FILRT to diversify its income sources by integrating retail mall properties into its portfolio. Prior to the infusion, 91 percent of the GLA of FILRT are office buildings.

Post infusion, the portfolio mix of FILRT will be 67 percent offices, six percent hospitality (Crimson Boracay lot) and 27 percent retail (Festival Main Mall).

The infusion of income-generating retail mall assets is expected to result in an increase in FILRT’s distributable income.

Let me end this post by asking you readers: What is your reaction to this recent development? With the approval of the SEC, do you think the big deal between FLI and FILRT will be beneficial not only for the parties and shareholders involved, but also for those who spend time and money at Festival Mall? Did you notice any trends or serious changes at Festival Mall since FILRT became the new owner?

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

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