Motorists who travel around the Metro Manila regularly should be aware that the Supreme Court recently officially invalidated local government units (LGUs) of the National Capital Region (NCR) from issuing traffic violation tickets and seizing drivers’ licenses and ordered them to follow the ticketing system of the Metropolitan Manila Development Authority (MMDA), according to a Philippine News Agency (PNA) news article.
To put things in perspective, posted below is an excerpt from the PNA news report. Some parts in boldface…
The Supreme Court (SC) has invalidated provisions of ordinances by local government units (LGUs) in Metro Manila allowing their respective traffic enforcers to issue violation receipts and confiscate driver’s licenses.
“A permanent injunction is hereby issued to enjoin respondent local government units from further issuing ordinance violation receipts; and confiscating licenses through their own traffic enforcers, unless they are deputized by the Metro Manila Development Authority (MMDA),” the court said in its 42-page decision uploaded March 4 and penned by Associate Justice Alfredo Benjamin Caguioa.
This stemmed from a suit filed by 11 transport groups before the Court of Appeals in 2006, claiming that different citations from the MMDA and the LGUs are confusing as some bodies do not recognize tickets by other LGUs or the MMDA.
While the case was pending in 2012, a resolution by the MMDA Metro Manila Council (MMC) then adopted a uniform ticketing system and established a system of interconnectivity among the LGUs involved in transport and traffic management in Metro Manila.
In December of that year, the appellate court dismissed the suit, prompting the petitioners to elevate the case to the high tribunal.
The tribunal, in its ruling, said traffic management in the LGUs is covered by the MMDA Law.
“(T)he Court thus declares as invalid the common provision in the said traffic codes or ordinances of the LGUs in Metro Manila empowering each of them to issue OVR (ordinance violation receipts) to erring drivers and motorists,” the SC said.
Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think this new order by the Supreme Court will turn out helpful in the years to come?
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
Recently in the City of Parañaque, a successful buy-bust operation by the local police resulted in the arrests of an online seller and two others for selling shabu, according to a Manila Bulletin news report. The suspects were apprehended within Barangay San Dionisio.
To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…
A woman online seller and two others were arrested by members of the Parañaque City Police Station Drug Enforcement Unit (SDEU) for selling shabu during a buy-bust operation conducted on Tuesday, March 5.
The Southern Police District (SPD) identified the suspects as alias Weng, 30, an online seller; alias Jerico, 27; and alias Erwin, 40.
The SPD said the suspects were arrested at around 6:15 a.m. along Draga St., Barangay San Dionisio, Parañaque City.
The police said alias Weng and alias Jerico were tagged by the Parañaque city police as high value individuals (HVI) while alias Erwin was placed under Street Level Individual (SLI).
Recovered from the arrested suspects were 125 grams of shabu worth P850,000 and the P1,000 buy-bust money. The police said the recovered evidence from the suspect was turned over to the Southern Police District Forensic Unit (SPDFU) for analysis.
Let me end this piece by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there are still many smugglers or pushers of illegal drugs operating secretly within your local community?
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
Recently in the City of Las Piñas, the City Government announced that its Public Employment and Services Office (PESO) was recognized by the Department of Labor and Employment (DOLE) for its efficient and effective conduct and monitoring of job fairs, 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…
The Department of Labor and Employment (DOLE)-National Capital Region (NCR) recognized the Las Piñas Public Employment and Services Office (PESO) for its efficient and effective conduct and monitoring of job fairs that contributed to the increase of employment in the region.
Vice-Mayor April Aguilar said the department was awarded by the DOLE-NCR as best performing PESO in job placement for 2023.
The recognition was given to PESO during the regular flag raising ceremony on Monday, March 4.
Aguilar expressed her pride for the recognition as she reiterated the city government’s commitment to increasing the employment opportunities for Las Piñas 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? Do you think PESO office deserves the recognition from DOLE? Did anyone in your local community got employed through the services of the PESO over the past twelve months?
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
As many of you my readers should know by now, I blogged a lot about tourism in the Philippines, what the Department of Tourism (DOT) has been doing and what the nation has achieved with regards to attracting foreign tourists.
To put things in perspective, posted below is an excerpt from the Philippine News Agency (PNA) news article of September 28, 2023. Some parts in boldface…
The Philippine government on Thursday vowed to promote inclusive travel in its bid to position the country as an LGBTQI+-friendly destination in the region.
During the first Tourism Pride Summit in Makati City, Tourism Secretary Christina Frasco said the Philippines plans to implement programs and initiate government interventions to address the unique challenges that the community faces when traveling.
The summit, she said, is one intervention to spark conversation and give members of the LGBTQIA+ a platform where they can share experiences and suggestions on how the government can make travel enjoyable and safe for them.
“Under the administration of President Ferdinand Marcos Jr., he seeks a tourism industry that is inclusive, where no destination and no stakeholder is left behind in the development of our country,” Frasco said.
“That is why in our effort to reach our hand of collaboration to the farthest reaches of our country, we reach out our hand of collaboration as well to the many sectors that are involved in tourism, especially and including the LGBTQIA+ community,” she added.
Frasco noted that LGBTQIA+ tourism presents vast opportunities for growing the Philippine tourism industry portfolio.
Citing data from the United Nations World Tourism Organization, Frasco said there are an estimated 36 million LGBTQIA+ travelers around the world.
“We recognize the strength of capitalizing on LGBTQIA+ tourism considering that it is a USD200 billion industry that’s only slated to grow at half a trillion dollar industry by 2030,” she said.
Obviously the DOT is determined to attract as many LGBTQIA+ foreign tourists as possible as well as their money so that it could help them reach their financial goals and add to the momentum to make the Philippines a major tourist destination by the year 2028.
If ever a huge influx of foreign tourists who identify themselves as homosexuals/transgender/bisexual/transsexual/intersex/non-binary arrive in the Philippines, there is the potential rise of criminal activities involving the acts of the LGBTQIA+ people in the country. Can they behave themselves? Already there is one local LGBT crime that resulted one death. Can you imagine the possibility of more crime happening as more LGBTQIA+ tourists arrived? Can these people really behave themselves?
I am not just talking about sex tourism but also potential violations such as rape, sexual harassment, sexual assault, theft, scams, molestation, kidnapping, murder and other incidents that LGBTQIA+ tourists could commit here in the Philippines as they know they are favored by the DOT. If these specific foreign tourists could add to crime while touring the country, then the “Love the Philippines” slogan of the DOT could end up having a very dirty reputation plus additional embarrassment for the entire nation.
Let me end this piece by asking you readers: What is your reaction about the DOT’s drive to make the Philippines a more attractive destination for LGBTQIA+ tourists? Do you think the DOT continues to ignore the potential danger that LGBTQIA+ tourists could unleash on Filipinos while they tour the country? Did you encounter a homosexual foreign tourist who committed a crime or victimized a member of your local community? Does the majority of the youth in your local community express themselves as LGBT-friendly or even as LGBT rights activists?
Do you think that the Democrats in America, the Islamo-Leftists and woke activists could be funding LGBTQIA+ people to come to the Philippines for vacationing as well as executing secretive efforts to establish new activists among Filipinos who will blindly fight for LGBT rights in the country?
Recently in the City of Las Piñas, the City Government announced through social media that their health office vaccinated more than three hundred senior citizens during the pneumonia vaccination drive held in Barangay Pamplona Uno.
To put things in perspective, posted below is an excerpt from the City Government’s social media post dated March 4, 2024. Some parts in boldface…
The City Health Office of Las Piñas conducted another pneumonia vaccination drive for over 300 senior citizens at the Balagtas Covered Court in Barangay Pamplona Uno on Tuesday, February 27.
The event, which saw the participation of Vice Mayor April Aguilar, underscores the Las Piñas City Government’s dedication to the health and safety of its senior residents. This targeted initiative is part of the city’s proactive measures to protect its elderly population from pneumonia, a condition that poses significant health risks to them.
Healthcare professionals were on hand to administer the vaccinations and offer advice on preventive health practices. The organization of the event was carefully planned to accommodate a large turnout, ensuring a smooth and orderly process for all attendees.
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? Do you think that the City Government’s health office should conduct more pneumonia vaccination activities before the summer heat really gets intense in the city? Are there many senior citizens in your local community who need pneumonia vaccines now?
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
In recent times, the Philippine National Police (PNP) advised people to avoid scammers, protect their personal information and only transact with legitimate companies with regards to making arrangements for travel as the summer season approaches, according to a Philippine News Agency (PNA) news article. The PNP’s Anti-Cybercrime Group (ACG) noticed that scammers have been using digital methods and social media to deceive customers and take their money.
To put things in perspective, posted below is an excerpt from the PNA news report. Some parts in boldface…
The Philippine National Police (PNP) on Friday advised the public to ensure that they are transacting with legitimate companies to avoid falling victims to scams ahead of the summer travel season.
The PNP Anti-Cybercrime Group (ACG) issued the warning due to the upward trend in vacation or travel accommodation scams last year.
PNP spokesperson Col. Jean Fajardo, citing ACG data, said from 39 cases in 2021 and 91 cases in 2022, the police recorded 313 cases in 2023. This year, the police has so far recorded 35 cases.
Criminals utilize social media and digital technology to impersonate legitimate establishments, offering online accommodation services at much lower rates than usual.
However, upon arrival, victims discover that their reservations do not exist in the establishment’s system.
“We would like to take this opportunity to warn and remind our public na mag ingat (to be wary). Katulad ng sinasabi natin (As we have been saying), this is not only limited sa mga (to) vacation scam. Pati nga ‘yung mga nagbebenta ng mga murang services, nagbebenta ng mga ano-anong produkto, mag-ingat tayo especially kung ang kapalit agad nun is magpapadala kayo ng pera without you not knowing kung sino ang mga iyon (This includes those offering cheap services, selling different kinds of products, let’s be wary especially if the scheme means you have to send money without you knowing who are these),” she added.
ACG director Maj. Gen. Sidney Hernia Director urged netizens to exercise utmost caution and refrain from providing personal or financial details online without verifying the legitimacy of the recipient.
Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think the scammers have been victimizing a lot of local travelers lately? Have you seen lots of enticing travel promos on social media that promised huge discounts? If you have been traveling lately, do you do your bookings online or over the counter with a travel agency?
In recent times, local government units (LGUs) were urged by Department of the Interior and Local Government (DILG) Secretary Benhur Abalos to improve their social protection and sensitivity as well as their monetary management strategies, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
Department of the Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. urged local government units (LGUs) to put up measures to enhance their social protection and sensitivity as well as financial sustainability assessment ratings.
He issued the call during the recent Council on Good Local Governance (CGLG) activity in Cebu City, which discussed the proposed criteria for the Seal of Good Local Governance (SGLG) Assessment for 2024- 2025.
During the event, Abalos bared that the LGUs registered the lowest compliance rates during SGLG assessments when it comes to their social protection and sensitivity, and financial administration and sustainability.
On the flip side, Abalos stated that the LGUs registered positive performance and excelled in the following assessment criteria: Health Compliance and Responsiveness; Tourism Heritage Development, Culture and the Arts; and Sustainable Education.
“Natutuwa ako sa mataas na pagpapahalaga ng mga LGUs sa kalusugan, turismo at edukasyon base sa lumabas sa assessment para sa SGLG nitong nakaraang taon. Ipagpatuloy lang natin ang pagsisikap sa mga areas na ito (I am glad about the LGUs’ high appreciation for health, tourism and education based on the results of the assessment for the SGLG last year. Let’s continue working on these areas,” he said.
Together with Abalos, DILG Undersecretary Marlo Iringan also emphasized the significance of aligning the objectives and ensuring the effective execution of the SGLG assessment process.
The SGLG is an award, incentive, honor and recognition-based program for LGUs that aim to challenge them to continue good governance practices while providing better public services.
Relatedly, the DILG noted that a total of 42,000 barangay captains and other newly-elected officials will undergo continuous training to enhance their capabilities in handling various challenges that they may face in the course of their mandated duties as community leaders.
Abalos stressed that the exercise dubbed as “Grassroots Renewal and Empowerment for Accountable and Transparent (GREAT) Barangays” will run until 2025 and is designed to capacitate the village officials in all leadership aspects.
“As the basic unit of local governance, at pinakamalapit sa ating mga kababayan sa komunidad (and nearest to the people in the community), everything starts in the barangay,” Abalos explained.
Through the Local Government Academy (LGA), Abalos pointed out that the DILG ensures newly-elected barangay officials are ready to face the challenges of leadership in the barangays.
“We will prepare our barangay officials,” he said.
Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think the DILG is properly doing its job to guide all LGUs on how to do their jobs over a wide series of issues? Do you think your local government or barangay has been neglecting its duties?
In response, New Life Community Care Foundation International, Inc. (NLCOM) – the compassion arm of New Life Philippines located inside Alabang Hills Village in Muntinlupa City – sent a team to the location and prepared hot meals for the affected families.
To put things in perspective, posted below is an excerpt from the March 6 2024 social media post of NLCOM. Some parts in boldface…
Another fire incident swept a residential area in Barangay San Isidro, Parañaque last Tuesday evening, February 27, 2024. The approximately 300 families (around 900 individuals) displaced are temporarily housed in San Dionisio Gym.
Our NLCOM team, being always #CommunityReady, was able to serve families with hot cooked meals last Saturday afternoon. While the devastation in the fire victims could not be denied, what stood out more was the hope gleaming in the eyes of every individual the team was able to engage with.
Their smiles and heartfelt “thank you’s” showed their remarkable resilience in this time of adversity. Their unity and cooperation as they patiently lined up truly showed the spirit of “Bayanihan.”
For the newcomers reading this, I previously blogged about NLCOM back in 2020 which you can read by clicking here and my most recent blog can viewed by clicking here and here. As mentioned earlier, NLCOM has a history of providing relief to disaster victims and helping them rebuild their lives and communities as they recover.
NLCOM is committed to organizing activities from disaster preparedness trainings, relief goods distribution, mobile kitchen feeding operations, Psychological First Aid to kids and adults traumatized by a disaster, and rebuilding of damaged houses. To get to know NLCOM better, I recommend you watch their official YouTube video below…
If you have decided to help potential disaster victims through NLCOM, be aware that New Life’s compassion arm is accepting donations. You may send your monetary donations to:
For more information about NLCOM, visit https://nlcom.org.ph/ or visit their office at 2 Don Manolo Boulevard, Alabang Hills Village, Barangay Cupang, Muntinlupa City, Metro Manila, Philippines. Contact them at landline 88091542 extension 426.
In ending post, let me share with you a few holy scriptures that should remind you that God is our source, our provider and the blessedness of giving is absolutely true.
And [God] Who provides seed for the sower and bread for eating will also provide and multiply your [resources for] sowing and increase the fruits of your righteousness [which manifests itself in active goodness, kindness, and charity].
Thus you will be enriched in all things and in every way, so that you can be generous, and [your generosity as it is] administered by us will bring forth thanksgiving to God.
2 Corinthians 9:10-11 (AMPC)
Those who live to bless others will have blessings heaped upon them, and the one who pours out his life to pour out blessings will be saturated with favor.
Proverbs 11:25 (TPT)
He who has pity on the poor lends to the Lord, and that which he has given He will repay to him.
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
Welcome back readers, fellow geeks and retro gaming fans!
In this edition of the Retro Gaming Ads Blast (RGAB) series, we will examine print ads from the 1990s that caught my attention and I will explain why they are worth look back at. In retrospect, the 1990s was a decade of serious changes in the world of electronic gaming as the industry saw the shift of graphics from 2D sprites and flat backgrounds to 3D polygons, the shift from cartridges to CDs for software distribution, and more.
For the newcomers reading this, Retro Gaming Ads Blast (RGAB) looks back at the many print ads of games (console, arcade, computer and handheld) that were published in comic books, magazines, flyers and newspapers long before smartphones, social media, the worldwide web and streaming became popular. To put things in perspective, people back in the 1980s and 1990s were more trusting of print media for game details and images.
With those details laid down, here is the newest batch of retro gaming print ads for you to see and enjoy…
1. Castlevania: Bloodlines print ad
Creepy looking but not horrific. The simplistic approach turned out to be effective on making Sega Genesis gamers excited for this Castlevania release.
During the early stage of the so-called 16-bit console wars, Konami’s Castelvania series made the huge next-generation leap with Super Castlevania IV on the Super Nintendo Entertainment System (SNES) which gave gamers loads of fun challenges along with technological improvements that added to the gameplay. Being a prolific multiplatform game maker, Konami knew it could not abandon its fans who own the 16-bit console of Sega and this led them to making a unique Castlevania experience with the Sega Genesis in mind – Castlevania: Bloodlines.
The above print ad of Castlevania: Bloodlines was very eye-catching as it showed a photographic presentation of the grave of the Belmont family (note: Simon Belmont is arguably the most known hero of the series) backed with a detailed text description as well as screenshots that showed exactly what Castlevania fans expected with gameplay and presentation. While the visual style of the ad had a subtle approach to horror, it succeeded in informing the public that another fun-filled Castlevania experience was coming. The game went on to be a hit among gamers and critics.
2. The Granstream Saga print ad
THQ really tried hard to sell The Granstream Saga in North America at a time when a lot more Japanese RPGs started coming into the market.
Back in the late 1990s, there was a slew of Japanese role-playing games (JRPGs) that got released on the PlayStation console in North America arguably because of the massive sales success of Final Fantasy VII in 1997. In 1998, THQ (note: then a newcomer in video gaming) made the daring move to release The Granstream Saga in North America and it was part of the company’s plan of releasing more RPGs. With regards to the 1998 print ad, THQ marketing team wisely emphasized the fact that the game launched at #1 in Japan (published by Sony) although, strangely, the rest of the short descriptive text did not emphasize the fact that the game was one of the first fully polygonal RPGs ever released. The ad had one image of an animated cut scene while there were two gameplay images. When I first saw the print ad, I became interested with The Granstream Saga as I was fond of both RPGs and anime. I never got to play it due to a lack of time and money back then.
3. NBA Action 98 print ad
Do you find this print ad funny or disturbing or both?
The first time I saw Sega’s print ad of NBA Action 98 (a polygonal NBA basketball video game for the Sega Saturn), it caught my attention quickly mainly because of the concept of the imagery showing a really tall guy leaving the place after getting stretched to be tall (as emphasized by an adult operating a machine to stretch another kid’s body to get taller) as a kid from outside looks on. While it looked hilarious at first, the photographic imagery also had an unintentional dark tone as the adult operating the machine looked like he was torturing the kid. This print ad was really eye-catching in a rather disturbing fashion to me, so much so I did not have any interest left to check out the advertised game. The small size of the screenshots and the hard-to-read descriptive text did not help at all. In my view, this was a marketing misfire by Sega.
4. Flashback: The Quest for Identity print ad
This was indeed an eye-catching print ad.
Back in the 1990s, the CD-ROM was cutting edge technology in the world of computing and CDs (compact discs) helped game companies have their game content as well as multimedia files (example: full motion videos or animated scenes) released together conveniently. In the middle of the decade, a version of the game Flashback: The Quest for Identity (note: a game with computer-generated animation scenes previously released on PC) was released in cartridge format for the Sega Genesis as well as the Super Nintendo Entertainment System (SNES). This was a big deal back in the days of the so-called 16-bit console war and the above print ad clearly emphasized it with the description “The First CD-ROM Game in a Cartridge!” The advertisers also assured consumers that the in-game 24 frames-per-second frame rate, the Hollywood-inspired high-quality visuals and related gameplay elements were intact for consoles. When I saw this particular ad, I became convinced to buy the game for my SNES (read my retro review by clicking here). To see how Flashback looks like on Sega Genesis, watch this.
5. Albert Odyssey: Legend of Eldean print ad
To make things clear, Albert Odyssey: Legend of Eldean is not based on any anime property. It was the 3rd game of its series and the first and only one to be released in English.
There is no denying the fact that Working Designs (closed since 2005) contributed a lot to console gaming by localizing and releasing several Japanese role-playing games (JRPGs) in America at a time when such games were not yet popular. Apart from the Lunar RPGs and Dragon Force, the company brought Albert Odyssey: Legend of Eldean to the Sega Saturn console in America and they had a very eye-catching print ad promoting it. Like their ads for Lunar RPGs, the Albert Odyssey: Legend of Eldean print ad had a dominating anime-style artwork that highlighted the fantasy concept and characters, plus screenshots and in-game animated (note: not anime but detailed pixel artworks) sequences that were meant to attract RPG enthusiasts and gamers looking for the next-generation console gaming experiences. It should be noted that Albert Odyssey: Legend of Eldean was actually the 3rd game of its franchise that started in Japan, and it was the first and only Albert Odyssey game to ever be released in English. To this day, Albert Odyssey: Legend of Eldean still has not been re-released nor remastered for other consoles and original Sega Saturn copies of the game are very expensive to acquire. That being said, this particular print ad is a lively reminder of Albert Odyssey’s only Western release.
6. Resident Evil 3: Nemesis print ad
Capcom efficiently showed the new monster Nemesis, screenshots of the game and the return of Jill Valentine in this 1999 print ad.
After the release of the best-selling and acclaimed Resident Evil 2, Capcom approved the production of several Resident Evil projects that include sequels and spin-offs. Along the way, Sony announced in 1999 that the PlayStation 2 console will come out in 2000 and this had an impact on Capcom’s RE projects as many of them were being developed for the aging PlayStation (PS1) console. Before the PS2 announcement, Capcom had a PS1 RE game project with its story set on a cruise ship. That project was abandoned following the PS2 announcement and because Capcom did not want to leave its fans to wait too long for another Resident Evil adventure on PS1, they reviewed their list of proposed spin-off games and went ahead making Resident Evil 3: Nemesis (Japanese title: Biohazard 3: Last Escape) for a late 1999 release while the PS1 console was still in good demand.
In the above 1999 print ad, Resident Evil 3: Nemesis was shown with 3 screenshots assuring RE fans that the game has the tried-and-tested design of polygonal characters/monsters moving within pre-rendered environments, the action, the horror and adventure elements of the previous games. More notably, the new monster Nemesis had the biggest image and he rightfully became the main antagonist until the very end.
Lastly, the RE3 print ad featured the return of Jill Valentine (one of the protagonists of the first Resident Evil) and this time she had a clear sexualized look wearing a tube top and a mini-skirt. As I mentioned in my RE3 retro game review, I believe that the sexualized look of Jill was done by the game developers who were most likely influenced by the sexy appeal and iconography of the character Lara Croft from the Tomb Raider series of games. Like Lara Croft, Jill is sexy and capable of fighting with guns and other weapons. Whatever the intention of Capcom and the development behind the game, the print ad (which even had wrongful details about the timing of the story) clearly worked on getting RE fans and gamers’ attention as Resident Evil 3: Nemesis sold more than 3 million copies on PS1.
ING, a bank and financial services firm based in the Netherlands, published its forecast that the economy of the Philippines will grow by 5.4% this year, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
Dutch bank ING is projecting a moderate 5.4 percent growth for the Philippines this year, saying the impact of the central bank’s rate hikes could have propelled robust growth but it is handicapped by “soft” capital formation.
The 5.4 percent growth estimate is considerably lower than the government target of 6.5 percent to 7.5 percent this year. It is also lower than 2023’s full-year 5.6 percent growth, which was also below the government’s goal of six percent to seven percent.
ING senior economist Nicholas Mapa, in an ING Manila’s economic briefing on Monday, Feb. 19, said domestic growth seems strong this year but “below par as handicaps persist.”
He said one of these handicaps is the lack in capital formation as an impact of the Bangko Sentral ng Pilipinas’ (BSP) cumulative rate hikes since May 2022, for a combined 450 basis points to bring the target reverse repurchase rate or the policy rate to 6.5 percent.
Because of this, Mapa said the “missing link” for a within-target growth is private investment and a National Government spending spree not hampered by a “soft” capital formation.
Capital formation is an integral part of GDP growth. However, capital formation and growth prospects were soft in 2023 due to rate hikes and it could persist this year.
For 2024, ING also forecasts inflation of three percent versus an actual six percent in 2023. The forecast is within the BSP’s target of two percent to four percent. It is also lower compared to the risk-adjusted forecast of the BSP of 3.9 percent for 2024.
Mapa also predict the exchange rate will end with a stronger peso this year at P54.90 since he also expects the BSP’s Monetary Board will cut the policy rate by 50 basis points (bps) from 6.5 percent to six percent, thereby boosting the peso performance.
Based on his presentation during the briefing, Mapa expects the first quarter GDP will perform better at six percent compared to the fourth quarter 2023 GDP of 5.6 percent. By the second quarter, he thinks the economy will grow by 6.3 percent but then will drop to 4.7 percent by the third quarter and further down to 4.5 percent in fourth quarter this year.
He said the rate hikes impact bank lending as well as GDP growth, and that the “elevated rates (has kept) capital formation subdued after years of underinvestment.”
Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think ING’s prediction will turn out correct by the end of this year? Do you think that the economy of the Philippines can somehow grow by at least 6% this year?
Author Carlo Carrasco 