governance – Page 12 – Author Carlo Carrasco

Chinese National Arrested In Laguna For Posing As A Filipino

June 7, 2026June 5, 2026carlocarrasco

Here in the Philippines, illegal immigration in the form of foreigners pretending to be Filipino citizens is a growing problem. Recently in Laguna province, a Chinese national who pretended to be a Filipino was arrested by the authorities, 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 allegedly posing as a Filipino was arrested in Sta. Rosa, Laguna, with authorities now investigating how he obtained a driver’s license from the Land Transportation Office (LTO) that was reportedly used in the deception.

According to a report on “24 Oras Weekend” by John Consulta, the Bureau of Immigration (BI) and the National Bureau of Investigation Organized and Transnational Crime Division (NBI-OTCD) implemented a deportation order and served a warrant at a residence in a subdivision in Sta. Rosa.

However, the target was not immediately found, and only a woman was initially encountered at the house.

Authorities later tracked down the suspect within the subdivision, where he was reportedly cornered while jogging. He allegedly tried to evade arrest but was eventually subdued by operatives.

NBI Director Melvin Matibag said the Chinese national was arrested for allegedly using falsified documents identifying himself as Filipino, including a Philippine-issued driver’s license.

Authorities also recovered his Chinese passport, which remains valid until 2027, along with the LTO-issued driver’s license.

While the surname on both documents matched, the driver’s license reportedly carried a Filipino-sounding first and middle name and listed the holder’s nationality as Filipino.

LTO chief Asst. Sec. Markus Lacanilao said a review of records showed the foreign national applied for a driver’s license that was later used in assuming a false Filipino identity.

The agency clarified that the document was not a conversion of a foreign driver’s license.

“This is not a conversion of a license. A foreign-issued license converted into a Philippine license—that is not the case,” he said.

Records also showed that the suspect first applied for a driver’s license in 2010 and renewed it in 2018 in Bulacan, where his nationality was listed as Filipino.

“They use Filipino names. They try to hide by pretending to be Filipino-Chinese, but they are actually Chinese nationals posing as Filipinos,” Lacanilao said.

The arrested foreign national is currently detained at the Bureau of Immigration detention facility. He has yet to issue a statement and is reportedly filing an appeal before the Department of Justice.

Authorities said a deeper investigation is ongoing, including a review of other documents that may have been issued to the suspect, and the possible cancellation of his driver’s license.

“(Revocation) is automatic. We will cancel his driver’s license, and the places where it was issued must also be investigated,” he said.

Lacanilao also warned that such documents may be used for acquiring properties, vehicles, and other fraudulent activities. Matibag said this scheme also poses national security concerns.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you concerned that there could be several thousands more Chinese nationals who are living in the Philippines with false identities as Filipinos? Do you think all government agencies should be prepared to spot false documents from foreigners who intend to gain false Filipino identities? What do you think is the main reason why some Chinese nationals exerted efforts to gain Filipino identities?

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

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

Dredging Of 870-Meter Stretch Of Las Piñas City River Completed

June 6, 2026June 5, 2026carlocarrasco

Recently in Las Piñas City, the City Government and its City Environment and Natural Resources Office (CENRO) successfully completed the dredging and desilting of the 870-meter stretch of Las Piñas which is crucial as the rainy season has officially started, according to a news report by Manila Bulletin. This was done to prevent potential flooding while also improving the flow of water.

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

As part of its preparations for the rainy season, the Las Piñas City government has completed dredging and desilting operations along an 870-meter stretch of the Las Piñas River, reinforcing its commitment to flood mitigation and environmental protection.

The cleanup, led by the City Environment and Natural Resources Office (CENRO), covered portions of Barangays Pulanglupa Uno, Pulanglupa Dos, and Manuyo Dos.

The initiative aims to improve water flow, remove accumulated silt and debris, and reduce the risk of flooding in nearby communities.

Mayor April Aguilar personally inspected the ongoing dredging activities to ensure the effective implementation of measures designed to keep waterways clear and functional, especially during periods of heavy rainfall.

According to Aguilar, maintaining unobstructed waterways is a key component of its disaster preparedness program. By removing sediment buildup from rivers and drainage channels, the city hopes to minimize flooding and protect residents and properties from the effects of severe weather.

She emphasized that similar environmental and flood-control initiatives will continue through CENRO as part of the city government’s long-term strategy to safeguard communities and preserve the environment.

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 the City Government and the CENRO are doing good enough to prevent flooding this new rainy season?

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

Japan Joins America’s Genesis Mission

June 6, 2026June 5, 2026carlocarrasco

Japan and the United States have formally confirmed their partnership on the Genesis Mission project and together they will invest heavily on it and cooperate closely over the next several years, according to a news report by NHK World. That said, Japan is officially the first international partner on the ambitious project.

Officially launched by US President Donald Trump in late-2025, Genesis Mission unites the US Department of Energy (DOE) National Labs, industry, academia, and more to harness AI for breakthroughs in energy dominance, discovery science, and national security.

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

Japan will join a US national project called “Genesis Mission,” which is aimed at accelerating scientific research and technological innovation by using artificial intelligence and supercomputers.

Japan will be the project’s first international partner.

The US and Japanese governments will each invest 500 million dollars in the project over five years.

US President Donald Trump’s administration launched the project last November.

Delegates from the US Department of Energy, Japanese ministries of education, science and technology as well as Economy, Trade and Industry signed the statement of intent at the DOE in Washington on Thursday.

DOE Under Secretary for Science and Genesis Mission Lead Dario Gil said it is a “defining moment” for the next era of science.

Under the partnership, US national laboratories and leading Japanese research institutions, including Riken and the National Institute for Materials Science, will boost research collaborations to advance breakthroughs in areas such as quantum information science, fusion energy and biotechnology.

The move is also aimed at strengthening the two partners’ global competitiveness in science and technology with China in mind.

The US and Japanese governments also plan to discuss how to ensure the protection of crucial databases and intellectual property.

The vice-minister for policy coordination of the Japanese education, science and technology ministry, Kakita Yasuyoshi, said Japan has abundant quality data resources obtained through research and development.

To learn more about Genesis Mission, click here.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US-Japan partnership will boost the chances of breakthroughs within the Genesis Mission?

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’ Bid For United Nations Security Council Seat Rejected

June 5, 2026June 4, 2026carlocarrasco

The Philippines, which previously supported the creation of a Palestinian state and discussed cooperation with the Islamic terrorist regime of Iran, badly lost in its bid for a non-permanent seat in the United Nations Security Council (UNSC) as only forty-nine nations voted for them, according to a news report by GMA News. One hundred and forty-two other nations chose Kyrgyzstan over the Philippines during the fourth round of voting.

It should be recalled that no less than Philippine President Ferdinand “Bongbong” Marcos, Jr., himself told the United Nations General Assembly (UNGA) last March that the Philippines is a voice for principled peace and expressed confidence that the nation has an advantage in its bid for a UNSC non-permanent seat.

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

The Philippines failed in its bid to attain a seat in the United Nations Security Council (UNSC) as a non-permanent member.

Zimbabwe, Austria, Portugal, Trinidad and Tobago, and Kyrgyzstan were named new members of the UNSC, which can issue legally binding resolutions that may include military action, economic sanctions, and deployment of peacekeeping operations.

A fourth round of votes was cast for UNSC members to choose between the Philippines and Kyrgyzstan, in the Asia-Pacific Group, after they failed to reach the required two-thirds of the majority.

Kyrgyzstan eventually achieving the necessary two-thirds majority and securing its first-ever Security Council seat by 142 votes to 49.

The remaining 10 members are elected, with five new members joining every year. This year, one comes from the Africa Group, one from the Latin American and Caribbean Group, one from the Asia-Pacific Group, and two from the Western European and Others Group.

Zimbabwe will replace Somalia and Trinidad and Tobago will replace Panama, while Portugal and Austria will replace Denmark and Greece. Kyrgyzstan will replace Pakistan.

Bahrain, Colombia, Democratic Republic of Congo, Latvia and Liberia will continue to serve as non-permanent members of the Security Council until the end of 2027.

The Permanent Members are: China, France, Russia, the United Kingdom, and the United States.

The rest of the non-permanent members are: Bahrain, Colombia, Democratic Republic of the Congo, Latvia, and Liberia.

Last March, President Ferdinand Marcos Jr. made a personal pitch for the Philippines’ candidacy for a non-permanent seat on the United Nations (UN) Security Council, saying the country is ready to contribute as a voice of balance among the world’s nations and as a “voice for principled peace.”

Marcos Jr. expressed confidence that the Philippines has an advantage in its bid for a non-permanent seat on the United Nations Security Council.

As a concerned citizen, I do not like what the Philippines did at the wicked United Nations and on other international affairs. Apart from supporting the creation of a Palestinian state, their diplomats formalized a mechanism to boost bilateral cooperation with the Palestinians (which practices apartheid). When the ASEAN Summit was hosted in Cebu province, the Philippines acted as if it was a highly credible player on global diplomacy (click here and here). The Philippines deplored Israel’s strike on Qatar which made them look like they were defending the Hamas terrorists in Doha.

The loss at the UN is the latest setback for the Philippines and 2026 has been a pretty bad year so far. Apart from diplomacy, the Philippines is experiencing weakening economic growth, rapid inflation and it remains very vulnerable on energy as it imports most of its oil from the Middle East. The warning signs about the national economy are only growing.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you consider the Philippines a highly credible participant in international affairs? Do you think the Philippines deserves a seat at the United Nations Security Council under the current administration?

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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Japan Approves Bills To Raise Visa Fees And Introduce Online Pre-Entry Screening

June 4, 2026May 29, 2026carlocarrasco

Recently members of Japan’s parliament approved an immigration control law revision that effectively raised fees for foreigners applying for residence status while also paving the way for the introduction of the online pre-entry screening covering those coming from abroad, according to a news report by Kyodo News.

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

Japan’s parliament on Friday passed an immigration control law revision to raise the maximum fee for residence status applications by foreigners and introduce an online pre-entry travel authorization system for overseas arrivals.

Once the fee changes are implemented later this fiscal year, the upper limit will be set at 100,000 yen ($630) for visa renewals and 300,000 yen for permanent residency applications, marking a sharp increase from the existing threshold of 10,000 yen.

The fees are currently 6,000 yen for changing residence status or extending the period of stay and 10,000 yen for permanent residency. The new fees will be formally set by a Cabinet order after soliciting public comments.

The government, which has cited rising costs for the revision, has said it will ease the payment burden on humanitarian grounds and for those facing financial difficulties, but lawmakers have pointed out during parliamentary deliberations that the criteria for such considerations remain unclear.

The Immigration Services Agency plans to formulate guidelines setting forth specific requirements and other details.

The latest revision also includes the establishment of the Japan Electronic System for Travel Authorization, with an eye on implementation in fiscal 2028.

The system, aimed at preventing terrorism and illegal employment, targets 74 countries and regions whose citizens qualify for visa-free entry for short stays.

Travelers will be required to provide information online, such as their name, purpose of visit, and destination, several days prior to departure, which will be cross-checked against criminal records and other databases.

If there is a suspicion of illegal overstaying, travelers will be denied boarding on planes or ships.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the newly approved measures will help Japan control immigration better while also enhancing the security of its citizens? Do you think the raised fees will discourage Third World foreigners from migrating to Japan?

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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Japan And The Philippines Committed To Develop Luzon Economic Corridor

June 3, 2026May 29, 2026carlocarrasco

Following the big meeting between Japanese Prime Minister Takaichi Sanae and Philippines president Ferdinand “Bongbong” Marcos in Tokyo, the two nations confirmed they will work together on developing the Luzon Economic Corridor (LEC) into an economic hub described as “world-class”, 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 Philippines and Japan have reaffirmed their commitment to transform the Luzon Economic Corridor (LEC) into a “world-class economic hub,” recognizing its strategic role in strengthening regional economic architecture and global supply chain resilience.

In a joint statement following a summit meeting in Tokyo, Japan on Thursday, President Ferdinand R. Marcos Jr. and Japanese Prime Minister Sanae Takaichi pledged to deepen cooperation on high-impact infrastructure and economic initiatives under the LEC framework.

Priority areas include rail and port modernization, clean energy, semiconductor supply chains, digital connectivity, agribusiness, and civilian port upgrades.

“They also reaffirmed their strong commitment to transforming the LEC into a world-class economic hub that strengthens global supply chains, accelerates economic development, and delivers mutual economic prosperity,” the joint statement read.

The LEC is a trilateral initiative involving the Philippines, Japan, and the United States (US) aimed at enhancing connectivity and economic growth across Luzon, particularly along the Subic-Clark-Manila-Batangas corridor.

The Philippines and Japan acknowledged the importance of trilateral cooperation with the US and coordination with like-minded partners such as Australia and India in upholding a “free and open” international order based on the rule of law.

The two leaders emphasized that strengthening infrastructure connectivity and resilience through Japan’s Official Development Assistance (ODA) is vital not only to the Philippines’ economic growth but also to regional stability.

Japan reaffirmed its support for “high-quality, resilient, and sustainable infrastructure development” to help advance the Philippines’ economic and social transformation.

The two countries also agreed to deepen cooperation in economic security, including efforts to strengthen resilient and diversified supply chains in critical minerals, renewable energy, automotive manufacturing, and advanced technologies such as artificial intelligence (AI).

They likewise committed to enhancing collaboration on digital infrastructure, including undersea cables and 5G Open RAN technologies, while promoting secure and trustworthy AI ecosystems through the Japan-ASEAN Co-creation Initiative for AI.

On trade and investment, both sides stressed the importance of full implementation of existing agreements such as the Philippines-Japan Economic Partnership Agreement, the ASEAN-Japan Comprehensive Economic Partnership, and the Regional Comprehensive Economic Partnership.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Japan’s involvement in the Luzon Economic Corridor will be beneficial to the Philippines economically? What do you think Japan can gain from developing the Luzon Economic Corridor?

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 And Japan To Discuss Surface-To-Ship Missile Exports

June 3, 2026June 1, 2026carlocarrasco

Following the recent meeting between Japanese Defense Minister Shinjiro Koizumi and Philippines Defense Secretary Gibo Teodoro in Singapore, the two nations will soon discuss the export of Japanese-produced surface-to-ship missiles to the Philippines which itself has been harassed a lot by Communist China at sea, according to a news article by the Philippine News Agency (PNA).

It should be recalled that Japan successfully tested the Type 88 surface-to-ship system during the Balikatan exercise held in the Philippines and it has been considering exporting it to the nation for its defense enhancement.

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

Japanese Defense Minister Shinjiro Koizumi and Philippine Defense Secretary Gilberto Teodoro affirmed Sunday that talks will be launched on the export of surface-to-ship missiles from Japan to the Southeast Asian nation.

Koizumi revealed this in talks with reporters after holding a meeting with the Philippine defense chief in Singapore earlier in the day.

Type-88 surface-to-ship guided missiles of Japan’s Ground Self-Defense Force (SDF) are expected to be a candidate.

The Philippine side is believed to have shown an interest in procuring the missiles as the Japanese Self-Defense Forces used them in the Balikatan multilateral exercises conducted in Manila between April and May.

The SDF, which had taken part in the annual exercises organized by the United States and the Philippines as an observer since 2012, joined the drills on a full scale for the first time this year following the entry into force of the Japan-Philippine reciprocal access agreement in September 2025.

The possible procurement of Type-88 missiles is expected to help reinforce the deterrent and response capabilities of the Philippines, which is in confrontation with China in the South China Sea.

Koizumi also said he and Teodoro broadly agreed that Abukuma-class destroyers of Japan’s Maritime SDF will be transferred to the Philippines as soon as they are decommissioned.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think it is inevitable the Philippines will proceed to acquire Type 88 surface-to-ship missile systems from Japan within 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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Japan Commits To Transfer Military Equipment To The Philippines To Enhance Its Defense Capabilities

June 2, 2026May 29, 2026carlocarrasco

The Philippines’ capability to defend itself will be enhanced soon as Japan committed to transfer crucial military equipment to them as part of the defense cooperation, according to a news article by the Philippine News Agency (PNA).

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

Japan has pledged to beef up its defense cooperation with the Philippines through the provision of military equipment and technology aimed at enhancing the Philippine forces’ capabilities.

The commitment was made after a summit meeting between President Ferdinand R. Marcos Jr. and Japanese Prime Minister Sanae Takaichi in Tokyo, Japan on Thursday.

In a joint statement, the two nations committed to step up collaboration to facilitate the transfer of defense equipment, including destroyers, TC-90 aircraft and radar systems.

This was in accordance with the two nations’ Agreement concerning the Transfer of Defense Equipment and Technology and the Official Security Assistance (OSA), a collaborative effort to enhance defense capabilities and strengthen security cooperation.

Takaichi reaffirmed Tokyo’s commitment to contributing to the capacity building of the Armed Forces of the Philippines (AFP), especially in the maritime area.

The two leaders vowed to advance cooperation in defense sector to support the development of mutually beneficial industrial capabilities, enhance supply chain resilience, and contribute to interoperability and long-term defense readiness.

The Philippines welcomed Japan’s newly revised Three Principles on Transfer of Defense Equipment and Technology and its implementation guidelines, acknowledging that such efforts contribute to regional peace and stability.

Marcos and Takaichi recognized that the closer cooperation between their defense authorities in recent years has laid “a robust foundation for their bilateral partnership.”

They agreed to the early convening of the next Philippines-Japan ‘2+2′ (Foreign and Defense Ministerial Meeting) to strengthen strategic coordination and ensure effective high-level policy discussions.

Maritime cooperation – Both leaders also stressed the need to advance maritime cooperation, considering that the Philippines and Japan are “neighbors connected by the sea.”

They acknowledged that enhancing maritime cooperation, underpinned by respect for international law, promotes peace, stability, and mutual trust.

Marcos also expressed gratitude to Japan over its continued support in enhancing Philippine Coast Guard’s capabilities through the provision of patrol ships.

The two leaders vowed to promote mutual exchanges between the maritime law enforcement agencies through joint training and capacity-building activities aimed at ensuring maritime safety and upholding the rule of law in the Indo-Pacific.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be better in defending itself once it receives military equipment from Japan?

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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SBMA Adjusts Bidding Timeline For Subic Bay International Airport

June 2, 2026May 29, 2026carlocarrasco

With the window remaining open for bidders to challenge Cerberus’ unsolicited offer for the Subic Bay International Airport (SBIA), the Subic Bay Metropolitan Authority (SBMA) officially adjusted the bidding timeline, according to a news report by the Manila Standard. Previously, the SBMA announced a Swiss challenge for the airport development project.

To put things in perspective, posted below is an excerpt from the SBMA’s official announcement. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) is inviting rival bidders to challenge the unsolicited offer of Cerberus Asia Pacific Investments LLC for the P6.2-billion Subic Bay International Airport (SBIA) development project.

In a recent bid bulletin, the SBMA announced that the issuance and availability of tender documents has been rescheduled to June 17, 2026, moving back from its initial May 18, 2026 timeline.

“The extension ensures technical specifications, financial parameters, and contractual frameworks are comprehensive, accurate, and clear,” the SBMA said.

“This adjustment protects the integrity of the Comparative Challenge process and ensures an equal footing for all participants. No prejudice is caused to any party as documents have not yet been released,” it added.

The asset-management firm Cerberus originally submitted its unsolicited proposal on March 26, 2025, under an Operate-Rehabilitate-Add-Transfer scheme.

The project spans a 25-year concession period—with a possibility for extension—and involves upgrading, expanding, operating, and maintaining the SBIA before its eventual turnover to the SBMA.

The primary goal is to transform the airport into a modern, high-capacity cargo hub that meets international standards and streamlines logistics across the Luzon region.

The comparative challenge will operate under a “right-to-match” mechanism in accordance with the PPP Code Implementing Rules and Regulations (IRR).

The original proponent will be given 30 calendar days to match or top the most superior proposal submitted by a challenger. If no challengers emerge, or if the original proponent submits a superior counter-offer, the contract will be awarded to Cerberus.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think several corporate entities overseas will eventually challenge Cerberus’ bid for the Subic Bay International Airport?

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

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

Economy Of The Philippines Expected To Rebound In 2nd Half Of 2026

June 1, 2026May 28, 2026carlocarrasco

While the economists of a particular university predict slower economic growth for the Philippines this year, the University of Asia and the Pacific (UA&P) see the national economy growing stronger in the 2^nd half of this year, according to a news report by BusinessWorld.

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

THE PHILIPPINE ECONOMY could grow by around 5% in the second half of the year, driven by base effects and an expected acceleration in government infrastructure spending, according to the University of Asia and the Pacific (UA&P).

“Growth could recover to around 5% in the second half on base effects and a ramp-up in National Government infrastructure spending,” UA&P said in its The Market Call report this month.

Government officials earlier signaled a pickup in disbursements and project implementation as agencies roll out catch-up programs.

UA&P cautioned, however, that growth will remain subdued in the first half amid unresolved issues surrounding last year’s flood control scandal and elevated oil prices.

“Weak gross domestic product growth and faster inflation will weigh on the economy in the first half amid the unresolved flood control scandal and high oil prices from the Middle East conflict,” it said.

“Flip-flopping US-Iran talks may keep fuel prices elevated, hitting the Philippines harder than its ASEAN (Association of Southeast Asian Nations) peers,” it added.

The Philippine economy expanded by a slower-than-expected 2.8% in the first quarter. This was below the government’s target range of 5-6% for the year.

For the entire year of 2026, UA&P said growth will be slow “but pose some resilience in the face of near-term global and local headwinds that will likely moderate activity in the first half of the year.”

“While cautious business sentiment and lingering geopolitical uncertainties may weigh on household and investment spending, the domestic economy continues to benefit from strong structural drivers such as steady household consumption, a healthy labor market, and sustained remittance inflows,” it added.

Meanwhile, UA&P said that it expects inflation to accelerate further amid second-round effects from the oil shock, “but likely not to (reach) double digits year on year.”

Inflation accelerated to 7.2% in April, marking the second consecutive month that it settled above the Bangko Sentral ng Pilipinas’ (BSP) 2%-4% target. It also breached the BSP’s 5.6%-6.4% forecast for the month.

“The BSP took on a more hawkish tone because of above-estimate inflation, raising rates and its inflation forecast to 6.3% for 2026,” it said.

“We likewise see above-target inflation for the rest of 2026, with the possibility of double-digit inflation rates due to base and second-round effects creeping into succeeding readings,” it added.

As inflation is expected to settle above the target for the rest of the year, UA&P expects the BSP to further tighten.

“Our outlook pencils in 75 basis points (bps) more of rate hikes for this year, bringing the policy rate to 5.25%, especially as the April inflation reading trumped even the BSP’s upper inflation bound,” it said.

The central bank last month raised rates for the first time in nearly two years by 25 bps to 4.5%, with BSP Governor Eli M. Remolona, Jr. saying the Monetary Board remains open to extending the tightening cycle to anchor inflation expectations.

NO STAGFLATION – Despite weaker growth and high inflation, UA&P said the country is not experiencing stagflation.

“Despite inflation negative commentary from some analysts, the Philippine economy is not in stagflation mode,” it said.

“Inflation, while elevated, will continually trek downwards after a peace deal gets signed, and growth will return when infrastructure spending resumes along with consumer and business confidence,” it added.

Meanwhile, the peso remains under pressure as crude oil prices surge.

“The peso-dollar rate remained under pressure amid the rebound in crude oil prices (i.e., close to $100/barrel for West Texas Intermediate, and $110/barrel for Brent) in April,” it said.

On Tuesday, the local currency closed P61.56 versus the greenback, weakening by 9.5 centavos from its P61.465 finish on Monday.

UA&P said it expects bonds with longer tenors to deliver higher returns amid elevated interest rates, after investors cautiously returned to the local bond market in April.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will truly rebound in the 2^nd half of this year? What do you think will help boost the national economy apart from foreign investments?

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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