Indonesia – Author Carlo Carrasco

Philippines Wins Three Triathlon Relay Gold Medals At The 2025 SEA Games

December 18, 2025December 18, 2025carlocarrasco

The Philippines won the gold medals in the all-women triathlon relay, the all-men triathlon relay and the mixed triathlon events of the 2025 Southeast Asian Games (SEA Games) held yesterday in Thailand which has since been reported by GMA News (click here) and the Philippine Daily Inquirer (click here and here) and revealed via social media by Triathlon Philippines and the Philippine Sports Commission (click here, here, here and here). The Daily Tribune and the Manila Standard also published their respective stories (click here and here).

To put things in perspective about the Philippines’ gold medal victories in the all-men relay and all-women relay contests, posted below is an excerpt from the sports news report of GMA News. Some parts in boldface…

The Philippines continued its golden surge in the 2025 SEA Games after its triathlon teams delivered a pair of gold medals on Wednesday in Thailand.

The men’s and women’s squads both ruled the team relay competitions, adding two more gold medals to the country’s tally with three days left in the biennial event.

The women’s team, composed of Kira Ellis, Kim Mangrobang, and Raven Alcoseba, reigned supreme after clocking in one hour, 10 minutes, and 14 seconds.

Indonesia’s Martina Ayu Pratiwi, Kayla Nadia Shafa, and Renata Berliana Aditya copped the silver with 1:10:48 while Singapore’s Yen Ling Kathlyn Yeo, Louisa Marie Middleditch, and Herlene Natasha Yu settled for bronze with 1:12:00.

The Philippine men’s team also shone with Aki Lorbes, Matthew Hermosa, and Fernando Casares by finishing the relay in one hour, four minutes, and five seconds.

GMA News eventually posted another sports news report which includes the Philippines’ gold medal victory in the triathlon mixed relay contest. Posted below is the excerpt from their report.

The Philippines proved its dominance in triathlon after ruling the mixed team relay in the 2025 Southeast Asian Games on Wednesday in Thailand.

The quartet of Kira Ellis, Fernando Casares, Kim Remolino, and Raven Alcoseba dominated the event to clinch the country’s third triathlon gold medal.

Earlier, Ellis and Alcoseba teamed up with Kim Mangrobang to reign supreme in the women’s team relay while Cesares connived with Aki Lorbes and Matthew Hermosa to emerge victorious in the men’s team relay event.

The Philippines first stamped its authority in the mixed relay back in 2019, with former triathlon stars John Chicano, Maria Claire Adorna, along with Mangrobang and Casares, leading the charge to gold.

In the sports story of the Manila Standard, a tactical move was done which turned out to be crucial in achieving the gold medal victories.

For the newcomers reading this, yesterday was the 2^nd day of SEA Games action for the Philippine’s multisport team. There are still other multisport contests pending as of this writing.

As the Philippines won the gold medals of the SEA Games all-women relay, the all-men relay and the mixed relay, December 17, 2025 is a day that will be remembered for a long time. For visual reference, posted below are the social media posts from the Philippine Sports Commission (PSC).

2 silvers and a bronze in SEA Games aquathlon events

During their first day of SEA Games competition in Thailand, the same multisport team won two silver medals and one bronze medal in the aquathlon relay contests (all-women, all-men and mixed). For insight, posted below is the excerpt from the Inquirer sports report. Some parts in boldface…

Team Philippines nabbed two silver medals and a bronze in the aquathlon in the 33rd Southeast Asian Games on Tuesday at Leam Mae Phim, Klaeng Distic in Rayong.

Kira Ellis, Matthew Hermosa, Raven Faith Alcoseba, and Andrew Remolino clocked 1:04:58 to finish with a silver medal in the mixed team relay final.

The group fell short of surpassing Indonesia’s 1:04:14 as the latter won gold in the event. Malaysia finished with a bronze medal, finishing the race at 1:08:37.

Ellis, with Erika Nicole Burgos and Kim Mangrobang, also had a runner-up finish in the women’s relay final, with a time of 51:46.

Indonesia escaped the Philippines anew, winning the gold with a time of 51:23. Singapore won bronze with a 53:58 finish.

Remolino, Inaki Emil Lorbes, and Joshua Alexander Ramos earned a bronze medal from the men’s relay event, clocking 47:52.

Praise and thank the Lord for the victories and the opportunities for the Philippines’ multisports team to win more gold medals in the contests ahead of them.

To receive more triathlon and multisport updates, visit https://www.facebook.com/TriPhil.

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

Three Foreigners Arrested In Parañaque City For Possessing Illegal Drugs

December 10, 2025December 9, 2025carlocarrasco

Recently in the city of Parañaque, local police officers arrested three foreign nationals – two Koreans and one Indonesian – for possessing illegal drugs and their alleged involvement in the trade of drugs, 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…

Southern Police District (SPD) Drug Enforcement Unit (DEU) operatives arrested three foreign nationals identified as newly tagged high-value individuals (HVIs) for their involvement in the illegal drugs trade, and in possession of 100 grams of shabu and 20 pieces of ecstasy pills during an operation in Parañaque City.

The SPD identified the suspects as Hoon, 46, and Jaypo, 34, both Korean nationals, and Raptor, 31, an Indonesian. They were arrested at around 1:43 a.m. inside Room 3310 of SBM Condotel on J. Gabriel Street, Barangay Baclaran.

Police said members of the DEU, in coordination with Parañaque City Police Substation 1, conducted a buy-bust operation after the suspects were confirmed as newly listed HVIs due to their alleged involvement in illegal drug activities.

Seized from the suspects were 100 grams of shabu worth P680,000 and 20 pieces of ecstasy tablets valued at P34,000.

According to police, Hoon will be charged with illegal sale of dangerous drugs, while Jaypo and Raptor will face charges for illegal possession of drugs under Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002.

The suspects are currently detained at the SPD-DEU custodial facility pending the filing of formal charges.

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 still be more foreign nationals engaging in the trade of illegal drugs within the city?

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

IAEA Director General Says Philippines Is At The Right Moment For Push To Nuclear Energy

December 3, 2025November 26, 2025carlocarrasco

Recently the Director General of the International Atomic Energy Agency (IAEA) visited the Philippines, met with President Ferdinand “Bongbong” Marcos, Jr., and revealed to the press that the nation is at the right moment to start the push for nuclear energy, according to a Manila Bulletin news report.

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

The Philippines is at the “right moment” to begin pushing for nuclear energy use amid its aim to achieve energy security and reduce its reliance on fossil fuels like coal, the International Atomic Energy Agency (IAEA) said.

IAEA Director General Rafael Mariano Grossi made this remark during the International High Level Forum on Nuclear Technology (NUTEC) Plastics in Pasay City on Tuesday, Nov. 25.

He underscored that the Philippines is not new to nuclear power.

“Let’s go a little bit back in history. Your country was a pioneer long, long, long before any other countries in this region and in the world were looking at nuclear energy. But the reality is that I like to say that the Philippines is not a newcomer, it’s a revisiting country,” he said in a press conference.

“It’s a country that is reviewing, taking into account its technological capacities, what was being done here in the late 70s, early 80s, and considering that it is perhaps the right moment, as many other countries in the world, to avail itself of a notion of a clean energy that is providing solutions in many parts of the world. Why not here?,” he added.

The Philippines, during the time of former president Ferdinand Marcos Sr., once attempted to build a nuclear power plant in Bataan. While it was completed, it was never operated because of safety concerns, political issues, and corruption allegations.

Grossi said that what the Philippines is doing today with its nuclear energy push is “extremely important,” adding that small- or big-sized nuclear projects are significant and require initial capital investment.

He also noted that banks and international financial institutions in the past have turned their backs on nuclear power plants because of their “bad image.”

“But with passage of time and the safety record of nuclear and the ability to demonstrate by the industry that banks are a conservative, of course, in what they finance, there has been an important change which was initiated earlier this year when I signed with the president of the World Bank a similar agreement,” he shared.

“So, when the World Bank sent this, you know how it happens in the economy in general, when they sign from the leading institutions, the leading financing institutions in the world that there is no problem, basically, there is really no problem, no technical problem, no fundamental problem in financing nuclear,” he added.

The IAEA director pointed out that with China, India, and Pakistan, Asia “and in particular this region, is the most dynamic in terms of nuclear growth in the world.”

Malaysia, Vietnam, Singapore, and Indonesia, he cited, are also starting their own nuclear programs, as well as African countries that need grants and loans for their own nuclear push.

“People talk about the exponential growth of renewable energy, which is a very good thing, I must say. I am very positive about renewable energies,” Grossi asserted, lamenting the lack of subsidies and access to finance in the past.

“So, I believe that we are entering now a new phase. We will see how far it goes, we will see how fast it goes, but it is clearly, in my opinion, a watershed that has happened. Very important. So, it’s a very good day in that sense,” he added.

The IAEA official also met with President Marcos on Tuesday during a courtesy call at Malacañan Palace.

Grossi, who assumed office in 2019, is on his first official visit to the Philippines for the International High-Level Forum on Nuclear Technology for Controlling Plastic Pollution (NUTEC Plastics): Scaling Solutions and Partnerships for Global Impact.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the Philippines is ready to move forward by using nuclear power for the nation’s energy requirements?

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 At Risk Of Falling Behind Southeast Asian Neighbors Economically

November 26, 2025November 19, 2025carlocarrasco

The 3^rd quarter growth of only 4% the Philippines achieved has been on people’s minds a lot lately. As such, the country is at risk of falling behind its neighbors in Southeast Asia in terms of economic growth and gross domestic product (GDP) per capita, according to a BusinessWorld news report.

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

The Philippine economy is at risk of further falling behind its Southeast Asian neighbors, an economist said, noting it may take two years to catch up with Vietnam and up to 70 years to catch up with Singapore.

“(T)he Philippines could find itself lagging behind if alleged public spending issues continue to divert attention and resources away from the structural reforms needed to accelerate economic development,” Bank of the Philippine Islands (BPI) Lead Economist Emilio S. Neri, Jr. said in a commentary on Wednesday.

In the third quarter, Philippine gross domestic product (GDP) grew by 4%, its slowest pace in over four years amid slower household and public infrastructure spending as the flood control scandal dampened investor and con-sumer sentiment.

In the nine months to September, GDP growth averaged 5%, putting the government’s 5.5%-6.5% full-year growth target further out of reach.

“The Philippine economy is growing, but not enough to close the economic gap with other countries,” Mr. Neri said.

He noted the Philippine GDP per capita is lower compared with other economies in the region. Citing International Monetary Fund (IMF) data, he said the Philippines’ GDP per capita stood at $4,078 in 2024.

“At the current growth rate, it would take the Philippines two years to catch up with the GDP per capita of Vietnam, 4 years with Indonesia, 14 years with Thailand, 26 years with Malaysia, and 70 years with Singapore, assuming their incomes remain stagnant. In reality, their GDP per capita continues to grow, which means the gap could persist or even widen,” Mr. Neri said.

The Philippines lagged behind Singapore which had a GDP per capita of $90,674 in 2024, followed by South Korea ($36,128), Japan ($32,498), China ($13,312), Malaysia ($12,540), Thailand ($7,491), Indonesia ($4,958) and Vietnam ($4,535).

“Before the pandemic, the Philippines had a higher GDP per capita than Vietnam, but has since been overtaken. At current trends, it would take the Philippines two years to catch up with Vietnam, but that gap could increase to 13 years by 2044,” Mr. Neri said.

The BPI economist said the Philippines needs structural reforms to accelerate growth in order to close the widening gap with its neighbors.

“The current economic model of the country is not enough, as shown by the country’s inability to grow faster than 6% in recent years,” he said.

Mr. Neri said the economy has been “too reliant” on consumer spending, driven by overseas Filipino worker (OFW) remittances and the business process outsourcing industry.

“There is a need to diversify its sources of growth. The economy must improve in terms of production, especially in agriculture and manufacturing, as they will allow the economy to be more self-sufficient and to reach foreign markets. These industries have been critical to Vietnam’s success and could play a similar role for the Philippines,” he said.

However, Mr. Neri said implementing these reforms will be hard if the government lacks focus.

“Public spending issues divert fiscal resources and policymaking focus away from long-term development priorities. Efforts to strengthen safeguards against potential issues in government spending are essential, enabling the country to work on structural reforms that could improve the economy,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think should the government do to accelerate economic growth?

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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ADB sees Philippine economy growing by 5.6% this year

August 1, 2025July 24, 2025carlocarrasco

By pointing to a variety of factors, the Asian Development Bank (ADB) recently announced that the economy of the Philippines will grow by 5.6% this year, according to a news article by the Philippine News Agency (PNA). The ADB recently released its latest economy report.

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

The Philippines is expected to post the second highest economic growth in Southeast Asia this year despite the downgrade in growth outlook due to external headwinds, a report released by the Asian Development Bank (ADB) showed.

In its Asian Development Outlook July 2025 report released on Wednesday, the ADB said Philippine economic growth is expected to settle at 5.6 percent this year.

The growth outlook for the Philippines is the second highest in Southeast Asia, next to Vietnam’s 6.3 percent. Indonesia is projected to grow by 5 percent, Malaysia by 4.3 percent, Singapore by 1.6 percent, and Thailand by 1.8 percent.

For 2026, growth is expected to slightly pick up to 5.8 percent.

The ADB’s latest projection, however, was lower than its 6 percent for 2024 and 6.1 percent for 2025 economic growth forecast amid external headwinds. The Philippine economy grew by 5.4 percent in the first quarter of the year.

“Domestic demand grew 6.7 percent, supported by easing inflation and monetary policy. However, net exports dragged on growth as brisk imports outpaced exports,” the ADB said. It added that manufacturing index (PMI) recovered slightly to 50.7 in June from 50.1 in May.

“Consumer sentiment was positive in the near term. Unemployment was low at 3.9 percent in May, and remittance growth of 3.0 percent helped sustain household spending,” it said.

The ADB, however, said that business confidence softened amid heightened global policy uncertainties.

According to the ADB, economic forecasts for most countries in Southeast Asia have been downgraded for 2025 and 2026 due to the continuing global growth slowdown and increased trade uncertainty.

“Weaker external conditions have hurt business and consumer sentiment and threaten to disrupt investment in the subregion,” it said.

“Except for Indonesia, the largest economy in the subregion, all Southeast Asian economies are expected to post weaker growth in the next two years.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think it is still possible for the economy of the Philippines reach 6% GDP growth by the end of 2025?

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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Nine foreigners who were caught with undeclared P441 million cash and foreign currency up for deportation

May 24, 2025May 20, 2025carlocarrasco

The nine foreigners – who had two Filipino companions – who were recently caught in the Cebu airport carrying undeclared amounts of cash of over P440 million and some foreign currency will be deported after their local cases get resolved, according to a GMA Network news report.

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

The Bureau of Immigration (BI) said Tuesday it is seeking to deport the nine foreigners arrested at the Mactan-Cebu International Airport for carrying undeclared bags of cash amounting to over P440 million.

According to Immigration spokesperson Dana Sandoval, the deportation proceedings are ongoing.

The nine foreigners and two Filipinos were arrested by the Philippine National Police Aviation Security as they were attempting to board a private plane to Manila at about 10:30 p.m.

The suspects—including six Chinese and individuals from Malaysia, Indonesia, and Kazakhstan—were found carrying seven bags instead of the declared three bags containing up to P441,922,542, USD$168,730 (around P9.342 Million), and HKD$1,000 (around P71,000).

The BI said that aside from deportation proceedings, the group may also face criminal and anti-money laundering charges before local courts.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there could be more foreigners in the country carrying with them huge amounts of undeclared cash?

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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Ciron and Trupa win duathlon titles in Vietnam

April 13, 2025April 12, 2025carlocarrasco

Welcome back, multisports athletes and sports enthusiasts! Yesterday in Vietnam, John Patrick Ciron and Merry Joy Trupa won the duathlon (run-bike-run) titles for the Philippines during the 2025 World Triathlon Development Regional Cup & National Championships.

To put things in perspective, posted below the entire official announcement by Triathlon Philippines (TriPhil). Some parts in boldface…

Duathletes John Patrick Ciron and Merry Joy Trupa emerged as champions in contrasting fashion in the 2025 World Triathlon Development Regional Cup & National Championships in Tam Chuc Complex, Vietnam.

Ranked No. 75 in World Triathlon ranking and 11th placer in the February in the Asian Duathlon Championships in Manama, Bahrain, Ciron covered 5km run, 30km bike and 5km grind in 1 hour 1 minute and 30 seconds (1:01:30).

Ciron finished 1 min and1 sec clear of heavy favorite Pam Tien San, the Hanoi and Cambodia Southeast Asian Games duathlon titleholder, who prevailed over Indonesian Parth Sachin Mirage in a photo finish.

Trupa, who in February earned a ticket for the World Games along top Filipino triathlete Kim Mangrobang and Franklin Yee, climbed the top of the podium on a technicality.

Finishing second unofficially (1:04;14), 41 sec behind Vietnamese Nguyen Thi Tuy Van, she was declared the gold medalist when Nguyen was disqualified on account of failure to serve her penalty for an infraction.

Sharing the victory stand with Trupa were a couple of Singaporeans—Louisa Marie Middleditch, runner-up (1:04:19), and Rachel Hew, bronze medalist (1:05:01).

Sam Corpuz who sees action in the championships that mimics the SEA Games where triathlon, aquathlon and duathlon are included in the program, along with Ciron and Tropa plus Coach Raymond Torio are supported by both Jeremy Go of Go for Philippines and Philippine Sports Commission (PSC).

For local triathlon updates, visit https://www.facebook.com/TriPhil.

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Note: The above announcement from Triathlon Philippines was sent by email. Some parts were edited for this website.

Stakeholders and analysts perceive VAT refund limit for tourists just right to ensure small businesses will benefit

January 3, 2025December 27, 2024carlocarrasco

As far as the analysts and tourism stakeholders are concerned, the minimum purchase requirement for non-resident tourists to qualify for the value-added tax refund is just right in relation to benefiting the small businesses, according to a BusinessWorld news report. There is, however, one dissenting opinion.

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

THE P3,000 ($51) minimum purchase requirement for nonresident tourists to qualify for a value-added tax (VAT) refund is “just right” to ensure small businesses benefit, analysts said.

President Ferdinand R. Marcos, Jr. recently signed into law Republic Act (RA) No. 12079, which allows tourists to claim VAT refunds on purchases worth at least P3,000 from government-accredited stores, in an effort to boost tourism receipts.

“The P3,000 is just right to benefit micro, small and medium enterprise (MSME) retailers and local products,” Philippine Retailers Association (PRA) President Roberto S. Claudio said. He said the purchase cap is kept to a minimum to benefit locally made products.

“I think it’s a good entry and good starting point. Some countries are still higher than P3,000 as well. I think we’re above the middle, so I think that’s a good place to be,” Tourism Congress of the Philippines President James M. Montenegro said via phone call.

Under RA 12079, the value of the locally bought goods from accredited stores must reach at least P3,000 per transaction, provided these goods are taken out of the country within 60 days of purchase.

“This law is primarily designed to boost tourist arrivals and expenditure. Hopefully, it will also increase the sales revenue of retailers,” Mr. Claudio said.

Mr. Montenegro said the minimum purchase amount could be adjusted in the future.

The threshold is subject to review and adjustment every three years by the Finance secretary, upon recommendation of the Commissioner of Internal Revenue, considering the inflation data from the statistics agency.

“I think the minimum rate is at par with our ASEAN [Association of Southeast Asian Nations] neighbors. If you look at the minimum amounts in other countries, it is almost the same,” Eleanor L. Roque, a tax principal at P&A Grant Thornton, told BusinessWorld.

The Philippines has joined other ASEAN countries with a tax refund program for nonresident tourists. The scheme has increased retail activity, particularly in sectors such as fashion, electronics and souvenirs.

In Malaysia, the minimum purchase is 300 ringgit ($67). Singapore allows tourists to spend at least S$100 ($74), while in Indonesia, it starts at 500,000 rupiah ($31).

“It is good to have a minimum amount as it limits the refund claim to valuable expenses. De minimis spendings are normally not considered for VAT refund as it is not administratively practical. In some cases, the cost will be more expensive than the amount being refunded,” Ms. Roque said.

She said the government should tap accredited international firms in the VAT refund processing, adding that the “government should take advantage of the track record and best practices of these known companies.”

Ms. Roque said the government should ensure the goods bought are really brought out of the country.

“Physical inspection of the goods when exiting the country should be strict to ensure that local buyers do not use tourists for availing themselves of the VAT refund,” she added.

However, Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera said the P3,000 threshold “may not be enough to significantly encourage higher spending among affluent tourists,” especially compared with ASEAN counterparts.

“A higher or more flexible threshold might align better with international best practices and encourage larger purchases,” he said.

Mr. Rivera also urged the government to simplify the VAT refund process, rather than make it “extra bureaucratic.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you consider the current purchase requirement for the VAT refund for foreign tourists a proper amount? Do you think foreign tourists will be receptive to the current standard for VAT refund of their purchases here in the Philippines?

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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World Bank (WB) sees strong Philippine economic growth in 2024 and 2025

October 22, 2024October 11, 2024carlocarrasco

By citing positive factors in its latest report, the World Bank (WB) raised its Philippine economic growth forecasts for 2024 and 2025, according to a BusinessWorld news report.

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

THE World Bank (WB) has raised its economic growth forecasts for the Philippines for this year and in 2025, driven by improved service exports and public investments.

But weak consumption and investment will keep the country’s growth below pre-pandemic levels, it said.

In its East Asia and Pacific Economic Update, the Washington-based multilateral lender now expects the Philippine economy to grow by 6% this year from 5.8%.

The Philippines could become the second-fastest growing economy in Southeast Asia, behind Vietnam (6.1%) and ahead of Cambodia (5.3%), Indonesia (5%), Malaysia (4.9%), Laos (4.1%), Timor-Leste (3%), Thailand (2.4%) and Myanmar (1%).

“Among the larger countries, only Indonesia is expected to grow in 2024 and 2025 above pre-pandemic levels, while growth in Malaysia, the Philippines, Thailand and Vietnam is expected to be below those levels,” the World Bank said.

For 2025, it forecasts Philippine economic output to expand by 6.1% from 5.9% in its April forecast.

The lender’s growth forecasts for the Philippines are at the low end of the government’s target of 6-7% for 2024 and below the 6.5-7.5% goal for next year.

The Philippine economy grew by 6.3% in the second quarter, faster than 5.8% in the previous quarter and 4.3% a year ago. In the first half, growth averaged 6%.

The World Bank said service exports and public investment have supported Philippine economic growth, but consumption and private investment remain weak.

From 2024 to 2026, the lender expects the Philippine economy to grow by an average of 6%, it said in a separate report.

This will be supported by remittances, jobs, slower inflation and external demand. However, weaker growth in China, global economic slowdown and weather disruptions are risks to the outlook.

It also projects the government’s budget deficit to fall to 4.6% of gross domestic product (GDP) by 2026 due to improved state spending. This is slightly below the 4.73% target for the year.

Better revenue collection will be supported by key tax measures, improved tax administration and higher dividends from state-owned corporations, the World Bank said.

The lender also raised this year’s growth forecast for the East Asia-Pacific region to 4.8% from 4.5% in April.

“Most East Asia-Pacific economies are expected to experience robust growth in 2024, supported by private consumption and a positive external environment,” according to the report. In 2025, the region is expected to grow by 4.4% from its previous forecast of 4.3%.

However, domestic demand is expected to moderate in the Philippines, Indonesia and Thailand, while private investment growth remains weak across the region.

“Investment growth has been declining across most countries in the region over the past two decades, with particularly sharp drops in China, Indonesia, Malaysia, and more recently, the Philippines.”

It also noted that the Philippines and Malaysia have kept a conservative fiscal stance due to their higher structural deficit this year.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines has enough momentum to exceed the WB’s economic growth forecasts for 2024 and 2025?

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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Dismissed Bamban mayor Alice Guo back in the Philippines, now under custody

September 7, 2024September 6, 2024carlocarrasco

Alice Guo, the dismissed mayor of Bamban who got caught by Indonesian authorities, was brought back here in the Philippines during the early hours of Friday escorted by Philippine government officials and she has been placed under the custody of the local authorities, 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…

*Dismissed Bamban mayor Alice Guo wearing posing under custody of the police. (photo source – PNP PIO)*

Dismissed Bamban, Tarlac Mayor Alice Guo is back in the Philippines after being deported from Indonesia where she was arrested.

Escorted by top police and local government officials, Guo arrived from Jakarta on a private plane which landed at a private hangar at the NAIA .

Bureau of Immigration (BI) Commissioner Norman Tansingco confirmed the successful return of Guo to the Philippines.

“Guo arrived at Ninoy Aquino International Airport (NAIA) at approximately 1:30 AM on September 6 aboard a special government flight. Her return comes after a swift operation by Philippine immigration authorities in Jakarta, in coordination with their Indonesian counterparts,” according to the statement issued by bureau.

The BI said it immediately executed the mission order against Guo, Tansingco said, faces charges of undesirability and misrepresentation under Philippine immigration laws.

Interior and Local Government Secretary Benhur Abalos and Philippine National Police chief General Rommel Marbil on Thursday went to Indonesia for the turnover of custody of the former mayor from the Indonesian police.

In an earlier press briefing, PNP spokesperson Police Colonel Jean Fajardo said that Guo will undergo a medical check-up at Camp Crame upon arrival. She will be turned over to the Senate on Friday morning for the implementation of the upper chamber’s arrest warrant.

*A medical check-up on Guo closely watched by the PNP. (photo source – PNP PIO)*

Guo was arrested by Indonesian authorities in Tangerang City, Indonesia at 1:30 a.m. on Wednesday.

The former mayor had cut her hair, which National Bureau of Investigation director Jaime Santiago believed was an attempt to conceal her identity.

Guo had asked Abalos for help over what she said were death threats against her.

In a video posted on Abalos’ Facebook of his meeting with Guo in Jakarta on Thursday afternoon, Guo was heard saying, “Sec, patulong. May death threat po kasi ako.”

Abalos entire reply was no longer heard but there was a portion in which he said, “Kaya nga kami kumuha ng private plane…”

For the newcomers reading this, Guo (AKA Guo Hua Ping) has been wanted in the Philippines and there are charges of tax evasion and money laundering against her.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think that Alice Guo will tell the truth once she goes back to attending government hearings? Do you think that details of her secret travel overseas will be revealed at last? Do you think Guo is a spy of mainland China?

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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