Parañaque City finishes as the 24th Most Competitive Highly Urbanized City, dead last on Government Efficiency and Innovation (CMCI 2023)

The official results of the Cities and Municipalities Competitive Index (CMCI) for 2023 have been published and it shows Parañaque City did worse this time finishing as 24th Most Competitive Highly Urbanized City (HUC) of the nation and this includes finishing dead last (33rd place) among the HUCs in the categories of Innovation and Government Efficiency.

To put things in perspective, the HUCs (which covers very dense cities in the National Capital Region and the provinces) are determined by means of Competitiveness (the main category) as well as other related categories such as Economic Dynamism, Government Efficiency, Infrastructure, Resiliency and Innovation.

The 2023 CMCI showed that Parañaque City scored 36.301 for 24th place in Competitiveness (versus 19th place in 2022). The city’s highlight is finishing 11th place on Economic Dynamism with a score of 5.3264, 16th place on Infrastructure with 5.2753, and 26th place on Resiliency with 11.4956.

What is most notable is that Parañaque finished dead last among the 33 HUCs on the categories of Government Efficiency and Innovation with scores of 8.2859 and 5.9169 respectively.

How and why did Parañaque end up as the worst HUC on Government Efficiency and Innovation needs to be explained in detail by the local officials. I know for a fact that Parañaque has been a hot spot for crime but that alone does not explain the CMCI’s 2023 findings. I can only wonder how efficient the City Government of Parañaque has been over the past 24 months as well since the day Mayor Eric Olivarez took office.  

Let me end this piece by asking you readers: What do you think about this recent development? If you are a resident of Parañaque and had been doing transactions with the City Government, did you notice anything wrong? Has the City Government been performing sluggishly in recent times? Did transparency at the City Government weaken? What do you think should the City Government do with regards to innovation in relation to public service?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City declared 5th Most Competitive Highly Urbanized City of the nation (CMCI 2023)

The City of Muntinlupa has officially been declared as the 5th Most Competitive Highly Urbanized City of the nation based on the 2023 Cities and Municipalities Competitiveness Index (CMCI) results which also showed strong finishes by the said city on other categories, 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…

For a closer look at the CMCI results, click https://cmci.dti.gov.ph/rankings-data.php?unit=Highly%20Urbanized%20Cities

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, what is your reaction to what the city achieved in the latest CMCI rankings? Do you believe that Muntinlupa is a blossoming and highly competitive city among all highly urbanized cities of the nation?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City Councilor wants solution related to ongoing Skyway project in Alabang

Recently in the progressive City of Muntinlupa, a member of the City Council wants a solution to the potential traffic problem that could happen in connection to the Skyway’s off-ramp project in Alabang, according to a Manila Bulletin news report. Previously a local committee wanted to halt the said project.

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

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a Muntinlupa resident, do you think the Skyway off-ramp project will cause more traffic problems than improvements on the flow of traffic?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City Council committee wants to halt Skyway off-ramp project in Alabang

Recently in the progressive City of Muntinlupa, a committee under the Muntinlupa City Council wants to halt the construction of Skyway’s off-ramp project in Alabang citing a lack of permits and other factors, 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…

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a Muntinlupa resident, have you seen the off-ramp project of Skyway in Alabang recently?  

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

CAVITEX C5 Link Segment will reduce travel time by 10 minutes (Coastal Road to Sucat)

If you constantly travel between Cavite province and Parañaque City, then you will eventually benefit from improvements as the Manila-Cavite Expressway (CAVITEX) announced that the travel time between Sucat (Parañaque) and Coastal Road will be reduced by 10 minutes upon the expected 2024 (first quarter) completion of the CAVITEX C5 Link Segment, 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…

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you often travel along the CAVITEX?  

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

MCX acquired by Villar-led company for P3.8 billion

High-priority infrastructure projects to be financed by Maharlika Investment Fund

Just days after signing into law the Maharlika Investment Fund (MIF), President Ferdinand “Bongbong” Marcos, Jr., stressed during his 2nd State of the Nation Address (SONA) that the new law will finance the high-priority infrastructure projects of the Philippines, according to a Philippine News Agency (PNA) news article.

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

President Ferdinand R. Marcos Jr. on Monday said the newly established Maharlika Investment Fund (MIF) would be used to fund high-priority projects.

For strategic financing, some of the nation’s high-priority projects can now look to the newly established Maharlika Investment Fund, without the added debt burden,” Marcos said in his second State of the Nation Address (SONA).

The MIF is the Philippines’ first-ever sovereign wealth fund designed to catalyze economic development by mobilizing government financial assets.

“In pooling a small fraction of the considerable but underutilized government funds, the Maharlika Fund shall be used to make high-impact and profitable investments, such as the ‘Build Better More’ program,” Marcos said.

He said the gains from the Fund shall be reinvested into the country’s economic well-being.

To ensure sound financial management, Marcos assured that a group of internationally recognized economic managers shall oversee the operations of the Fund, guided by principles of transparency and accountability.

“This guarantees that investment decisions will be based on financial considerations alone, absent any political influence,” Marcos said.

“The funds for the social security and public health insurance of our people shall remain intact and separate.”

The Department of Finance (DOF) earlier said the Fund can look into big-ticket infrastructure such as in green and blue projects, countryside development, and other employment-generating projects.

For the newcomers reading this, if you want to understand what a sovereign wealth fund is and how it would work with the Philippines in mind, watch the video below…

Let me end this piece by asking you readers: What is your reaction to this recent development? Were you able to watch President Marcos’ 2nd SONA?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

President Marcos signs Maharlika Investment Fund bill into law

A new economic age for the Philippines has started as President Ferdinand “Bongbong” Marcos, Jr., signed into law the Maharlika Investment Fund (MIF) bill which formally establishes the nation’s sovereign wealth fund, according to a Philippine News Agency (PNA) report.

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

President Ferdinand R. Marcos Jr. on Tuesday signed into law a bill establishing the Maharlika Investment Fund (MIF), the Philippines’ first-ever sovereign wealth fund.

Marcos signed Republic Act (RA) 11954 in a ceremony at the Kalayaan Hall of Malacañan Palace in Manila.

In a keynote speech, Marcos said the MIF is designed to drive economic development in the country.

The MIF is a bold step towards our country’s meaningful economic transformation. Just as we are recovering from the adverse effects of the pandemic, we are now ready to enter a new age of sustainable progress, robust stability and broad-based empowerment,” Marcos said.

We now have an available fund that will provide us the seed money for investments and to attract other foreign investments and for us to be able to participate in those operations, in those investments without additional borrowings,” he added.

Following the signing of RA 11954, Marcos said his administration would “go out to the world and do the changes that are necessary for the Philippines to become an investment-friendly nation.”

The fund will fail if we do not make money on the fund. It’s that simple… That is why we put up a Maharlika Fund so as to be able to give us the capacity and the ability to join in those investments, be part of that,” he said.

He reiterated that he would make sure that the MIF would be “well-run” by professionals.

He added that the country has the “best” economic managers both in government and the private sector to ensure the proper management of the MIF.

“Let us make sure that the decisions that are being made for the fund are not political decisions, that they are financial decisions because that is what the fund is,” Marcos said.

The MIF is established to optimize national funds by generating returns to support the Marcos administration’s economic goals laid out in the Medium-Term Fiscal Framework, the 8-point Socioeconomic Agenda, and the Philippine Development Plan 2023-2028.

In a separate statement, Budget Secretary Amenah Pangandaman said the Department of Budget and Management (DBM) will continue to provide support and technical assistance in the formulation of the implementing rules and regulations of RA 11954.

“The creation of this development fund is very good news because this means we now have an opportunity to expand our fiscal space for the government’s priority programs,” Pangandaman said. “Of course, we fully support this as it will help expand our fiscal space. So we at the DBM remain committed to helping ensure that this development fund will be a success and implemented with utmost integrity.”

Under RA 11954 , the MIF will be used to invest in a wide range of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, joint ventures, mergers and acquisitions, real estate and high-impact infrastructure projects that contribute to the attainment of sustainable development.

The establishment of the MIF will provide the government with a long-term source of income, as well as ease the burden on the national budget by providing additional funding for other priority projects of the government.

Unlike other government-owned or -controlled corporations (GOCCs), the MIF will be able to maximize government assets through its investments in projects that generate bigger returns.

The proposed measure seeks the establishment of the Maharlika Investment Corp. (MIC), which will act as the “sole vehicle for the purpose of mobilizing and utilizing the MIF for investments in transactions in order to generate optimal returns on investments (ROIs).”

The MIC is expected to have at least PHP75 billion in paid-up capital this year, with PHP50 billion sourced from the Land Bank of the Philippines and PHP25 billion from the Development Bank of the Philippines.

The law prohibits government agencies and GOCCs that provide for social security and public health insurance to contribute to and invest in the Fund.

These include the Social Security System, Government Service Insurance System, Philippine Health Insurance Corporation, Home Development Mutual Fund, Overseas Workers Welfare Administration, and Philippine Veterans Affairs Office pension fund.

For the newcomers reading this, if you want to understand what a sovereign wealth fund is and how it would work with the Philippines in mind, watch the video below…

Let me end this piece by asking you readers: What is your reaction to this recent development? What do you think about the Maharlika Investment Fund that is now officially a law? Do you expect financial or economic breakthroughs to happen for the Philippines soon?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

President Marcos approves flagship infrastructure projects of Build Better More (BBM) program worth P9 trillion

Philippine infrastructure will continue to develop and improve over time as almost two hundred projects worth P9 trillion have been approved recently by President Ferdinand “Bongbong” Marcos, Jr., according to a Philippine News Agency (PNA) news article. This is the latest about the Build Better More (BBM) program.

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

President Ferdinand R. Marcos Jr. has approved 194 high-impact infrastructure flagship projects (IFPs) worth PHP9 trillion, National Economic and Development Authority (NEDA) announced Thursday.

Marcos, who chairs the NEDA Board, greenlit these projects in a meeting with NEDA Secretary Arsenio Balisacan and other members of the board at Malacañan Palace.

“The approved new list of infrastructure flagship projects includes a total of 194 projects amounting to about PHP9 trillion,” Balisacan announced in a Palace press briefing.

Of the 194 projects, Baliscan said 123 projects were initiated during the Marcos administration while the remaining 71 projects were from the administration of former President Rodrigo R. Duterte.

“…The basis for their inclusion there is, this has been approved and this has been before and they have been already implemented. In other words, they have started and so, we cannot discontinue any of those projects,” he said.

Balisacan said these projects will showcase the administration’s “Build Better More” infrastructure program, which is among the priorities under the 8-Point Socioeconomic Agenda.

He noted that majority of these infrastructure flagship projects are in physical connectivity and water resources which include projects in irrigation, water supply and flood management.

The list also includes projects in digital connectivity, health, power and energy, agriculture and other infrastructure.

“Some of the new projects included in the new list are the Panay Railway Project; Mindanao Railway Project III; North Long Haul Railway; San Mateo Railway; UP-PGH Diliman Project; Ninoy Aquino International Airport Rehabilitation Project; Ilocos Sur Transbasin Project; and the Metro Cebu Expressway,” Balisacan said.

Balisacan said the IFPs are seen to address the binding constraints to business investment and expansion that will create more high quality and resilient jobs.

“IFPs shall be prioritized under the government’s annual budget preparation and enjoy the benefits of expedited issuance of applicable permits and licenses consistent with current legal frameworks,” he added.

He said the projects will adopt an optimal mix of financing from various development partners or official development assistance (ODA), the national government and general appropriations, and the private sector, particularly public-private partnerships.

Balisacan said 45 out of the 194 projects are seen to be financed through partnerships with the private sector.

“The government shall harness the financial and technical resources of the private sector which allows the public sector to allocate its funds for greater investment in human capital development, especially to address the scarring in health and education due to the pandemic, and provide targeted assistance that protects vulnerable sectors from economic shocks,” he said.

Joint Venture guidelines – Meanwhile, Baliscan also announced that the NEDA Board also approved the proposed amendments to the 2013 NEDA Joint Venture Guidelines.

“The amendments aim to enhance competition for projects under joint ventures, ensure better performance of private sector participants, and improve check and balances to ensure that the project is technically and financially sound,” he said.

He said the amendments will also help ensure that the guidelines are aligned with the provisions of the recently amended Build Operate Transfer (BOT) Law Implementing Rules and Regulations, and the proposed amendments to the BOT Law or PPP Act pending in Congress but expected to be passed by this year.

“What we are addressing there is: Number one is to simplify the joint ventures. Again, to make sure that the joint ventures can move efficiently and quickly and will address the public interest, concerns. And so, the amendments will involve putting in place features that improve the competitive processes in the selection of joint venture partners. So, in other words hindi “lutong Macau” iyong mga JVs kundi (the JVs were not rigged) you know, properly completed by or offered in competition,” he added.

Economic transformation – Baliscan described the approval of the new IFP list and the amendments to the NEDA JV Guidelines as a ”giant step” towards the administration’s goal of elevating the country’s competitiveness in promoting the Philippines as a prime investment destination in the region.

Although the country has “much work to do” to catch up with its neighbors in the region, Baliscan said pursuing high-impact initiatives will encourage greater local and foreign investment and private sector participation in infrastructure development.

Let me end this piece by asking you readers: What is your reaction to this new development? Do you think that the nation’s infrastructure improvement will lead to better transportation accessibility as well as reinvigorating the economy?

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 and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. 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/.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Las Piñas City chosen by Japan International Cooperation Agency (JICA), dredging technology test on local river to follow

Recently it was announced that the City of Las Piñas has been selected by the Japan International Cooperation Agency (JICA) as the site where they will test the floating amphibious excavator of Kochi Marutaka which means dredging on Las Piñas river, according to a Manila Standard news report.  

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

The Japan International Cooperation Agency (JICA) has chosen Las Piñas city for its pilot test of Kochi Marutaka’s floating amphibious excavator.

Sen. Cynthia A. Villar noted that this technology to be used in cleaning the Las Piñas-Zapote River and waterways in Las Piñas is new. The technology, Villar said, can do extensive dredging while floating in shallow waters of the river due to its remarkable buoyancy.

“There is no doubt that you have chosen well. In Las Piñas, under my guidance, we are serious and very persistent in our river clean-up and rehabilitation,” Villar,  chairperson of the Senate Committee on Environment and Natural Resources, said.

The senator, along with her daughter, Deputy Speaker Camille Villar, joined JICA Rep. Takuya Hashizume, DPWH- NCR Director  Loreta Malaluan and DPWH-Bureau of Equipment  Dir. Toribio Noel Ilao and Las Piñas- Muntinlupa District Engr. Isabelo Baleros, in the launching of JICA’s Verification Survey for the “Utilization of Floating Amphibious Excavator for the Construction Works On Disaster Management and Disaster Restoration in the Philippines.”

The project brief was given by Toru Asakura of CTI Engineering International Co., Ltd. and Hiroshige Takano , chairman of Kochi Marutaka Corporation, while Mikako Shimizu from JICA Philippine office and Tomohiro Matsubara from the Embassy of Japan in the Philippines gave their keynote speeches during the launch.

“I welcome events like this that cultivate solutions to the challenges we face to tackle disasters and mitigate its effects. As you know, the Philippines is one of the most vulnerable countries to disasters, it is frequented by around 20 typhoons per year,” Villar said.

She also pointed out the use of a floating amphibious excavator is also very much in consonance with her lifelong advocacies of cleaning our city’s rivers and waterways and of efficient waste management.

Prior to the project, the Japanese group approached the Las Pinas city government, seeing the efforts of Sen. Villar in cleaning the Las Piñas- Zapote River which bagged an international environment award given  by the United Nations.

The initiative to clean the said river and rid it of waterlilies that triggered floodings was under the so-called “Sagip Ilog Para Sa Kinabukasan.”

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? Are you delighted over the news that the JICA chose Las Piñas City for testing the mentioned dredging technology? Do you think the dredging along the Las Piñas-Zapote river will reduce potential flooding?

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  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673