GMA Network – Page 2 – Author Carlo Carrasco

Two Chinese Nationals Arrested By Immigration Agents In Parañaque City

October 14, 2025October 7, 2025carlocarrasco

Recently in the city of Parañaque, agents of the Bureau of Immigration (BI) arrested two Chinese nationals – one fugitive and the other with a hold departure order from a local court – according to a news report by GMA News.

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

A Chinese national wanted in his home country for allegedly duping his victims of over $900,000 through fraudulent investment schemes was recently arrested in Parañaque City, the Bureau of Immigration said on Monday.

The BI’s Fugitive Search Unit collared the 36-year-old suspect during an operation along Aseana Avenue in Barangay Tambo in the evening of Sept. 29. Aside from being a fugitive, the suspect was also found to be an overstaying alien.

The Chinese national is wanted by the Jiutai District Court in Chang Chun City, Jilin Province, China, for illegal absorption of public deposits.

The suspect allegedly conspired with other Chinese nationals in defrauding 6.54 RMB (renminbi) or around $918,603 from 42 investors between 2016 and 2019 by enticing them to put their money in fraudulent investment schemes.

During the same operation, the BI agents also encountered another Chinese national, a 53-year-old man with active derogatory records and is facing a hold departure order from a Parañaque City court.

Both foreigners were taken into custody following booking and documentation procedures and will be turned over to the BI’s Warden Facility in Camp Bagong Diwa, Taguig City.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more Chinese fugitives living secretly in your local community? What do you think makes Parañaque a hot spot of criminal activity involving Chinese nationals?

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 September 2025 Inflation Reaches 1.7%

October 14, 2025October 7, 2025carlocarrasco

The annual inflation rate of the Philippines reached 1.7% this past September led by higher food prices, according to a BusinessWorld news report. Take note that August inflation was at 1.5% and business sentiment in the Philippines has weakened.

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

Philippine annual inflation quickened for a second month, but it was still below the central bank’s 2% to 4% comfort range for the year, reinforcing expectations that a policy decision this week will be a close call between cutting rates and pausing.

The consumer price index rose 1.7% in September led by higher food prices, up from August’s 1.5%, the statistics agency said on Tuesday. It was below the 2.0% median forecast in a Reuters poll, and brought year-to-date average inflation to 1.7%.

The September rate, the fastest since March, comes just days before the central bank’s penultimate policy meeting of the year on Thursday.

“For the upcoming policy meeting, the Monetary Board will review newly available information and reassess the impact of prior monetary actions in light of evolving economic conditions and their implications for inflation and growth,” the Philippine central bank said in a statement.

At its August policy meeting, the Bangko Sentral ng Pilipinas (BSP) signalled another reduction was still possible this year before it concludes its easing cycle.

Let me end this post by asking you readers: What is your reaction to this development? Do you think the inflation rate of the Philippines will reach as high as 3% by the end of 2025? Do you consider inflation as a major factor behind the modest economic growth of the country this year?

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

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IMF Sees Philippine Economy Growing 5.4% This Year And 5.7% Next Year

October 10, 2025October 3, 2025carlocarrasco

By citing factors like weaker-than-expected growth in the first half, the American tariffs on Philippine goods and geopolitical conflicts, the International Monetary Fund (IMF) sees the economy Philippines growing only 5.4% this year and 5.7% next year, according to a news report by BusinessWorld.

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

PHILIPPINE ECONOMIC GROWTH is expected to moderate this year and in 2026 amid ongoing trade uncertainties and geopolitical tensions across the globe, the International Monetary Fund (IMF) said.

The IMF trimmed its Philippine growth forecast to 5.4% for this year, slightly lower than its 5.5% projection in July.

If realized, gross domestic product (GDP) growth will be at the low end of the National Government’s 5.5-6.5% target band this year.

For 2026, the IMF also cut its growth forecast to 5.7% from 5.9% previously. However, this is below the government’s 6-7% target for next year.

The IMF said the economy is expected to remain resilient, but downside risks warrant “close attention.”

“Risks to the growth outlook are tilted to the downside. The main external risks stem from prolonged global trade policy uncertainty, geopolitical tensions, and disruptive financial market corrections,” IMF Mission Head Elif Arbatli Saxegaard said at a briefing after the conclusion of the 2025 Article IV Consultation with the Philippines on Wednesday.

“On the domestic front, more frequent and intense climate shocks would cause notable macroeconomic losses. On the upside, accelerated implementation of structural and governance reforms would support investor confidence and the fiscal multiplier and raise potential growth. Risks around inflation are broadly balanced.”

Ms. Saxegaard said the growth outlook was revised to reflect the weaker-than-expected growth in the first half. For the first half, GDP growth averaged 5.4%, slower than the 6.2% a year ago.

Ms. Saxegaard said growth will be affected by the higher tariffs imposed by the US on Philippine goods. The US began imposing a 19% tariff on goods from the Philippines on Aug. 7

“It will weigh on exports and investment,” she said.

She also noted growth will be “supported by monetary easing and recent legislative measures to promote private investment.”

Meanwhile, the IMF sees inflation averaging 1.6% this year, before picking up to 2.6% next year.

“The pickup in inflation is expected to be driven by (the) food and transport crisis,” Ms. Saxegaard said. “And that reflects essentially the decline in negative base effects that have been dragging down inflation this year. So, as those base effects recede, we expect a pickup.”

She said core inflation is expected to “remain muted” at 2.5% in 2026.

“The BSP (Bangko Sentral ng Pilipinas) has room for a slightly more accommodative stance to help bring inflation back to the target faster and reduce economic slack amid elevated downside risks to growth,” Ms. Saxegaard said. “Policy will need to remain data dependent amidst prevailing uncertainties around the output gap and the neutral rate, and two-sided risks to inflation.”

On Aug. 28, the central bank slashed its key interest rate by 25 basis points (bps) for a third consecutive time to 5%. It has cut the benchmark by a total of 150 bps since August last year.

CORRUPTION – Asked about recent corruption scandals involving some government projects, Ms. Saxegaard said the IMF will continue to monitor the developments.

“It’s not yet clear whether and how these allegations will impact investor and private sector confidence, as well as their perceptions and behavior,” she said.

The IMF welcomed recent reforms to reduce infrastructure gaps and promote foreign direct investment, but effective implementation is key.

“Enhancing fiscal governance and the rule of law and reducing corruption vulnerabilities are critical for inclusive and sustainable growth,” Ms. Saxegaard said.

The IMF urged the Philippine government to continue implementing gradual fiscal consolidation “to replenish fiscal buffers and support external balance.”

Let me end this post by asking you readers: What is your reaction to this development? Do you think the IMF’s prediction of weaker economic growth will turn out true? Do you think the flood control projects scandal and government corruption investigation are turning away 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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US State Department Flags Corruption In The Philippines As Barrier To Investment

October 9, 2025October 10, 2025carlocarrasco

Corruption is sadly deeply rooted here in the Philippines. So much so, the State Department of the United States flagged corruption as a barrier to investment in the Philippines, according to a GMA Network news report. To be clear, there have been economic forecasts about the Philippine economy growing less than 6% this year (possibly ending below the national government’s declared targets) and the US State Department published its detailed report about the country and investment online. As a lot of people are angry over corruption, tremendous economic damage of P1.7 trillion in market capitalization was wiped out (update: the Securities and Exchange Commission chairman apologized for stating the P1.7 trillion figure).

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

The United States Department of State has flagged “pervasive” corruption in the Philippines as among the major barriers to foreign investment in the country.

In its 2025 Investment Climate report, the US State Department said “corruption is a pervasive and long-standing problem in both the public and private sector” in the Philippines.

It also cited the country’s rank of 114th out of 180 countries on Transparency International’s 2024 Corruption Perceptions Index and “remaining around that level since 2019.”

The State Department added that the World Economic Forum also flagged corruption as among the top problematic factors for doing business in the Philippines.

“The Philippines’ complex, slow, redundant, and sometimes corrupt judicial system inhibits the timely and fair resolution of commercial disputes,” it said.

“Foreign investors describe the inefficiency and uncertainty of the judicial system as a significant barrier to investment. Investors often decline to file cases in court because of slow and complex litigation processes and fears of corruption. Stakeholders report an inexperienced judiciary when confronted with cases involving complex issues such as technology or science,” it added.

The State Department also said its embassy in Manila has received multiple reports from US businesses of overly invasive searches, inconsistent customs charges, and solicitations of “facilitation fees” (such as bribes) from some customs officials.

To see the entire 2025 Investment Climate Statements about the Philippines, click https://www.state.gov/reports/2025-investment-climate-statements/philippines

Let me end this post by asking you readers: What is your reaction to this development? Do you think the US State Department’s 2025 Investment Climate report about the Philippines is true and accurate? Are you concerned that the perceived corruption as well as the shocking revelations about the flood control projects scandals are already discouraging foreign investors from investing in the country? Do you think the Trump tariffs will eventually bring down Philippine exports to the United States in the next few months? What do you think the Philippine government should do to wipe out corruption and regain the trust of 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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Asian Development Bank Sees Philippine Economy Growing Less Than 6% This Year

October 9, 2025September 30, 2025carlocarrasco

The Asian Development Bank (ADB) predicted that the economy of the Philippines will achieve growth of less than 6% this year, according to a GMA Network news report.

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

The Asian Development Bank (ADB) has maintained its economic growth outlook for the Philippines this year on the back of sustained domestic demand despite global trade uncertainties.

In the September 2025 edition of its flagship Asian Development Outlook (ADO), the ADB said it forecasts the country’s gross domestic product (GDP) to grow at 5.6% for 2025, maintained from the ADO July edition’s outlook.

The multilateral lender said that “robust domestic demand amid subdued inflation will support Philippine economic growth this year and the next.”

“The Philippines’ growth outlook remains resilient amid a global environment of shifting trade and investment policies and heightened geopolitical uncertainties,” said ADB country director for the Philippines Andrew Jeffries.

“Though these uncertainties pose increased risk, we see strong domestic demand anchoring growth, with sustained investments and an accommodative monetary policy supporting the economy’s expansion,” said Jeffries.

For 2026, the ADB said it sees the Philippine economy to grow at 5.7% — the same level as the country’s actual growth rate in 2024.

Nonetheless, the bank said the country is expected to remain a bright spot in Southeast Asia, “with the second highest GDP expansion in the region.”

Moreover, the ADB said it forecasts inflation to ease at 1.8% this year, before rising to 3% in 2026 to return to the government’s target range of 2% to 4%. The latest 2025 inflation forecast is lower from July’s 2.2%.

Let me end this post by asking you readers: What is your reaction to this development? Do you think the economy of the Philippine does not have any more momentum to grow at least 6% this year? Are you concerned that the flood control projects scandal and government corruption here in the Philippines will turn away 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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Muntinlupa City Government’s Support For Qualified Single Parents Confirmed

September 25, 2025September 16, 2025carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government confirmed that it will provide financial support to qualified single parents so that they can handle the rising cost of goods and other expenses, according to a GMA Network news report. This is in reference to the local program called the Muntinlupa City Solo Parents Cash Subsidy.

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

Qualified single parents would get P1,000 in cash support each month to help them deal with the rising cost of commodities, according to the Muntinlupa City government.

“Alinsunod sa direktiba ni Mayor Ruffy Biazon na palakasin ang suporta sa ating indigent Solo Parents, makakatanggap na ang mga qualified beneficiaries ng P1000 monthly cash assistance sa bisa ng City Ordinance No. 2025-311 o ang Muntinlupa City Solo Parents Cash Subsidy,” the Muntinlupa City local government said in a Facebook post on Friday.

(In accordance with Mayor Ruffy Biazon’s directive to strengthen support for our indigent solo parents, qualified beneficiaries will now receive P1000 monthly cash assistance through either City Ordinance No. 2025-311 or the Muntinlupa City Solo Parents Cash Subsidy.)

“Layon nitong makatulong sa ating solo parents na ramdam ang bigat ng patuloy na pagtaas ng mga bilihin at gastusin sa araw-araw,” it added.

(This aims to help our solo parents who feel the weight of the continuing increase of daily goods and expenses.)

The Muntinlupa local government unit identified those who are qualified for the assistance: Minimum wage earner or below; Self-employed or with no regular job earning minimum wage or below; Not a 4Ps beneficiary.

Meanwhile, a solo parent is no longer qualified if all of his or her children are already over 22 years old.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted with the local program of financial support for qualified single parents?

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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Wanted Man Apprehended After Getting Spotted During Online Live Selling

September 19, 2025September 11, 2025carlocarrasco

Believe it or not, a man who was wanted for carnapping and estafa was arrested by the police in Pampanga after he was recognized during an online live selling session, according to a GMA Network news report. The suspect wore a face mask, a cap and sunglasses during the live selling.

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

A man wanted for estafa and carnapping was arrested after he was recognized by authorities in an online live-selling video.

According to Emil Sumangil’s exclusive report in “24 Oras” on Wednesday, the informant identified the suspect via the live video through the shape of his face and tattoo on the arm.

“Siya ay naka-face mask, naka-sumbrero, at naka salamin na hindi typikal sa paningin ng ating mga kababayan kapag sila ay nagbebenta o nagla-live selling,” said Philippine National Police Highway Patrol Group spokesperson Police Lt. Nadame Malang.

(He was wearing a face mask, a ballcap, and a pair of sunglasses on, which are not a typical appearance for those doing live sellings.)

Authorities were able to trace the location of the live selling at Lubao, Pampanga, which also led to the arrest of the suspect.

The PNP-HPG said the suspect was charged for estafa for fraudulent selling of anime figurines worth P800,000 to P900,000.

One of the alleged victims, who is now based in Australia, shared photos with GMA Integrated News that will prove his transactions with the suspect.

“Nangako po siya na babayaran ako through post dated checks, so nag-isyu po siya ng anim na post dated checks sa akin. Unfortunately po, lahat po ‘yun tumalbog,” he said.

(He promised that he would pay me through post dated checks which he did by issuing six. Unfortunately, all of them bounced.)

“Tinaguan na po kami, hindi na po siya totally nagre-reply sa mga messages ko,” the victim said, adding that there are 40 other victims.

(He hid from us and he was not totally replying to my messages.)

The PNP-HPG called on the other victims to coordinate with them.

Let me end this post by asking you readers: What is your reaction to this recent development? Does this development make you concerned that there could be crime suspects among the many people who sell online live? Does the arrest of the suspect turn you off from attending online selling sessions? If you recently bought products from online selling sessions, were the good legitimate? Do you know anyone who became a victim of the suspect in the above news story?

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 Unemployment Rate Hits 5.3% in July 2025

September 17, 2025September 10, 2025carlocarrasco

As controversy about flood control projects continues to dominate the news cycles, more Filipinos reported themselves as unemployed this past July as the unemployment rate jumped to 5.3%, according to a GMA Network business news report.

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

The number of Filipinos without jobs or livelihoods increased in July 2025 due to weather disturbances which affected various sectors of the labor market during the period, according to the results of the Philippine Statistics Authority’s latest Labor Force Survey.

At a press briefing on Wednesday, PSA chief and National Statistician Claire Dennis Mapa reported that unemployed persons, ages 15 and above, rose to 2.59 million from 1.95 million in June 2025. This was also higher than the 2.38 million jobless in July 2024.

As a percentage of 48.64 million participants in the labor force who are actively looking for labor opportunities during the period, the number of jobless persons translated to an unemployment rate of 5.3%, up from 3.7% month-on-month.

This means 53 in 1,000 individuals do not have jobs or livelihoods during the period. This was also the highest unemployment since August 2022’s 5.3%.

Labor force participation in July 2025 declined from 52.42 million in June 2025 and 50.06 million in July 2024.

Likewise, employed persons, or those with jobs and livelihoods, during the period contracted to 46.05 million from 50.47 million in June 2025 and 47.68 million in July 2024.

As a percentage of labor force participants, the employment rate stood at 94.7%, lower than the 96.3% seen in June 2025 and 95.3% in July 2024.

Mapa attributed the increase in unemployed persons and decreases in both employed and labor force participation to the series of storms which hit the country during the month.

“Una talaga ang nangyari dito sa July round is first tinamaan ang ating bansa, maraming areas ng typhoons. Ito talaga ‘yung nakita namin na main reason kung bakit bumababa ang labor force participation at employment na rin,” the PSA chief said.

(First, what we saw during the July round is that many areas of the country were hit by typhoons. This was really the main reason why the labor force participation and employment numbers declined.)

Let me end this post by asking you readers: What is your reaction to the recent developments? Do you think the unemployment rate of the Philippines will remain above 5% until the end of the year?

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

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Philippines Offshoring Industry Expected To Reach $61 Billion By 2030

September 16, 2025September 9, 2025carlocarrasco

While the economy of the Philippines is having trouble reaching 6% growth this year, there is still some economic hope in the long run as the global talent solutions partner Robert Walters revealed through its research that the nation’s offshoring industry is expected to reach $61 billion by the year 2030, according to a GMA Network news report.

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

The Philippine offshoring industry is expected to contribute as much as $61 billion or P3.45 trillion for the economy by 2030 amid a significant shift in the global landscape, research released by global talent solutions partner Robert Walters showed.

According to Robert Walters, the offshoring sector is projected to increase its contribution by 69% from its current contribution of $36 billion, equivalent to 10.14% of the country’s gross domestic product by the end of the decade.

“To put the $61 billion figure into perspective, that’s more than three times the Philippines’ annual education budget,” Robert Walters head of market intelligence Phill Brown said in an emailed statement.

“Offshoring is becoming a long-term economic driver for the Philippines and underscores the growing confidence in the country’s skilled workforce and its ability to support critical, global-facing business operations,” he added.

The research took into consideration estimates from a combination of secondary sources and industry databases, and projections calculated using workforce size and average revenue per employee.

Robert Walters cited the country’s high English proficiency, the specialization in tech and transformation services, and pool of digital infrastructure and engineering talent, which it said has enabled the country to take on complex functions in technical and knowledge-based domains.

Among the most in-demand skills are backend programming, cloud engineering, and information technology (IT) security, highlighting rising global demand for technical capability in cybersecurity and cloud transformation.

Let me end this post by asking you readers: What is your reaction to the recent developments? Do you think the offshoring industry of the Philippines will pave the way for more investments to come in and more new jobs to be created in the years to come? Do you know anyone who works in the local offshoring sector? Do you know the difference between offshoring and outsourcing?

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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Better than Streaming: Limited Screenings of Nausicaä of the Valley of the Wind in the Philippines Begin Today

September 10, 2025September 9, 2025carlocarrasco

Welcome back fellow geeks, Blu-ray collectors, anime enthusiasts and movie buffs!

The 1984 classic anime feature film Nausicaä of the Valley of the Wind (directed by Hayao Miyazaki) will have limited screenings on specific branches of SM Cinema starting today and will last until September 16, 2025, according to SM Cinema’s recent Facebook announcement and GMA Network’s lifestyle news article.

To make things clear, Nausicaä of the Valley of the Wind is just one of many Studio Ghibli feature films that will be playing through SM Cinema branches with the Studio Ghibli Fest 2025 launching today. Other Studio Ghibli feature films include My Neighbor Totoro, Spirited Away, Princess Mononoke, The Wind Rises and Ponyo. All of those anime productions were directed by Miyazaki but in my personal anime viewing experience, Nausicaä of the Valley of the Wind remains the most memorable one.

*A captivating piece of art from the 1984 anime feature film of Hayao Miyazaki.*

To put things in perspective regarding the Studio Ghibli Fest 2025, posted below is an excerpt from the lifestyle news article of GMA Network. Some parts in boldface…

The Studio Ghibli Fest 2025 is happening this month, and six films from the highly acclaimed Japanese animation studio will be screened in select local cinemas.

SM Cinema announced the happy news on its social media pages last August 31.

“Six worlds. Endless wonder. One big screen. From Totoro’s forest to Chihiro’s spirit world, journey back into the imagination of Hayao Miyazaki and experience the timeless magic of Studio Ghibli,” it said.

Several classic Studio Ghibli films will be screened in select SM Cinemas nationwide from September 10 to 16.

Here is a list of the films part of the Studio Ghibli Fest 2025: Spirited Away, My Neighbor Totoro, Princess Mononoke, The Wind Rises, Ponyo, (and) Nausicaä of the Valley of the Wind.

*These are the SM Cinema branches around the country showcasing the Studio Ghibli anime feature films. (source – SM Cinema)*

Why Nausicaä of the Valley of the Wind is significant

Among the works of Hayao Miyazaki, Nausicaä of the Valley of the Wind is the one that resonates with me the most and I have a long history of viewing the anime feature film. The first time I saw it was in its mid-1980s, butchered English-dubbed version titles Warriors of the Wind on home video. Being so young back then, I was not aware of the original Japanese version and I simply enjoyed what was presented in English. The leading lady Nausicaä was renamed as Princess Zandra while the Ohm were referred to as gorgons.

For the newcomers reading this, the 1980s was not exactly a good time of anime productions being released in the West in English and alterations for the Western market was the norm. Warriors of the Wind was more than 20 minutes shorter than the original Japanese version.

In the early 2000s, Nausicaä of the Valley of the Wind was released uncut with a new English-dubbed version (plus English subtitles with the original Japanese audio) involving the talents of Patrick Stewart, Uma Thurman and Alison Lohman. The footage that was missing in Warriors of the Wind easily made the new version – released on DVD in 2005, Disney Blu-ray in 2011, GKIDS and Shout! Factory Blu-ray in 2017, and limited edition steelbook Blu-ray in 2020 – a must-buy for both fans and anime enthusiasts who enjoy classics.

I myself acquired the 2005 DVD of Nausicaä of the Valley of the Wind by trading an old video game for it and enjoyed it a lot. I saw both the English-dubbed and English-subtitled versions in different times, and the complete footage added to my enjoyment of it. If I were to make comparisons, I prefer the 1984 film over Princess Mononoke (I had a Blu-ray copy of it).

Nausicaä of the Valley of the Wind on Blu-ray disc format (limited edition steelbook version) is still available for purchasing online and you only need to click here. I wonder when will a 4K Blu-ray version of it be announced.

What it is lacking for me is the experience of watching Nausicaä of the Valley of the Wind on the big screen inside the movie theater. This is why I am personally interested in replaying it at an SM Cinema branch during the week-long Studio Ghibli Fest 2025. At the same time, it is rare for anime classics to be screened in movie theaters here in the Philippines. As much as I love watching movies on Blu-ray or 4K Blu-ray format in the comfort of home, the cinema experience is still the best way to watch a movie. Definitely better than streaming!

To learn more details about the limited screenings of Nausicaä of the Valley of the Wind and other Studio Ghibli films, click https://www2.smcinema.com/movies/HO00001266

If you wish to join a group of movie enthusiasts and talk about cinema, cinematic trends, Blu-ray releases and more relevant stuff, visit the Movie Fans Worldwide Facebook group at https://www.facebook.com/groups/322857711779576

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