investment – Author Carlo Carrasco

Subic Bay Metropolitan Authority Takes Back Grande Island

January 21, 2026January 17, 2026carlocarrasco

Due to lease violations on the part of GFTG Holdings Corp., the Subic Bay Metropolitan Authority (SBMA) repossessed Grand Island in Subic Bay, according to a news report by the Philippine Daily Inquirer.

Grande Island is a historic island located several kilometers away from the shores of the Subic Bay Freeport Zone. The island used to be Fort Wint (American military defense point) and through the decades, it became a US naval resort and even as a processing site for foreign refugees. Grande Island today is a tourism location accessible by boat. For the Philippines, Grande Island is considered strategically important as it provides a clear view of sea lanes in the West Philippine Sea.

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

Grande Island has been repossessed by the Subic Bay Metropolitan Authority (SBMA) following the pre-termination of its lease with GFTG Holdings Corp., an SBMA official confirmed on Tuesday.

Lawyer Melvin Varias, SBMA deputy administrator for legal affairs, said the takeover stemmed from the SBMA Board’s October decision to cancel GFTG’s lease for failure to meet development obligations. A notice of pre-termination was served, giving the company 60 days to vacate the property.

The notice of repossession was issued on Jan. 5, and the actual takeover took place on Jan. 9, Varias said, noting the schedule was adjusted due to the holidays.

GFTG has since sought reinstatement of its lease, with its appeal now under review by an SBMA board committee.

Grande Island drew national attention last year after Chinese nationals were arrested there for alleged surveillance activities involving drones and naval monitoring. Authorities seized firearms, fake documents, and electronic devices containing photos and videos of Philippine and US naval assets in Subic Bay.

Following the arrests, the Department of National Defense proposed converting Grande Island and nearby Chiquita Island into military reservations, citing national security concerns. The SBMA, however, opposed the move, noting the presence of existing tenants and locators on the islands.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you glad that the SBMA took back Grand Island given its high value as a tourism spot as well as being a highly strategic site related to developments in the West Philippine Sea? Were you surprised that Chinese nationals were caught in Grande Island for spying on Philippine and American naval assets?

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

Philippines Grants 14-Day Visa-Free Entry To Chinese Visitors

January 20, 2026January 17, 2026carlocarrasco

In what is clearly a bid to enhance tourism, investments and trade, the Department of Foreign Affairs (DFA) announced that Chinese nationals are being granted visa-free entry into the Philippines and they are allowed to stay up to fourteen days, according to a GMA Network news report.

The Philippines continues to fail to attract enough foreign tourists and the growth of the national economy clearly slowed down in recent times.

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

The Philippines is granting visa-free entry to Chinese nationals starting January 16 in its bid to increase Chinese trade, investments and tourists, the Department of Foreign Affairs said Thursday.

Under the new policy, Chinese nationals may enter the Philippines without the requirement of obtaining a visa for a stay of up to 14 days.

“This is in line with the President’s directive to facilitate trade, investments, and tourism, as well as strengthen people-to-people exchanges between the Philippines and China,” the DFA said in a statement.

Such visa-free entry arrangement will be in effect for one year and will be reviewed accordingly before it expires.

The visa-free privilege will be valid for entry only through the Ninoy Aquino International Airport (NAIA) in Metro Manila and the Mactan-Cebu International Airport (MCIA) in Cebu.

Upon arrival, Chinese nationals need to present a passport valid for at least six months beyond the intended stay, confirmed hotel accommodation/booking, and a return or onward ticket to the next country of destination.

“Chinese nationals traveling to the Philippines strictly for tourism or business purposes may avail of the new visa-free entry privilege,” the DFA said.

However, the DFA said visas (cannot) be extended beyond the allowable 14-day stay and is non-convertible to any other type of Philippine visa category.

For added context about the potential risks that come with attracting Chinese tourists, watch the video below.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think this new policy by the national government is the right move even though there is tension between Communist China and the Philippines? Does this new policy make the Philippines look very desperate to attract money from Chinese visitors? Are you concerned that criminal activities here in the Philippines will get worse as more Chinese tourists enter the country?

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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Solar Philippines Faces P24 Billion In Penalties Over Failure To Fulfill Renewable Energy Commitments

January 18, 2026January 17, 2026carlocarrasco

Remember back in 2024 when the government canceled multiple contracts it previously awarded to Solar Philippines as a result of its failure to fulfill the energy commitments? Solar Philippines is back in the spotlight and it is facing P24 billion in penalties over terminated contracts and the Department of Energy (DOE) revealed a lot about the company, according to a BusinessWorld news report.

The government terminated more than 160 renewable energy service contracts which represent a combined potential capacity of 17,904.02 megawatts (MW). Of that amount, Solar Philippines accounted for about 64% of the terminated solar projects as announced by the DOE Secretary Sharon Garin.

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

SOLAR PHILIPPINES Power Project Holdings, Inc. is facing P24 billion in fines for its failure to deliver nearly 12,000 megawatts (MW) of renewable energy (RE) over the last two years, according to the Department of Energy (DoE).

“Out of the 17,904 MW of terminated contracts for 2025 and 2024… Solar Philippines would be 11,427 MW. That’s more or less equivalent to 64% of the terminated contracts,” Energy Secretary Sharon S. Garin said in a press chat on Tuesday.

Ms. Garin said the DoE terminated 33 service contracts held by Solar Philippines, a company founded by businessman-turned-politician Rep. Leandro L. Leviste, due to project delays. These service contracts could have supplied 11,427.83 MW of capacity to the grid.

The DoE said it seeks to collect around P24 billion in penalties from Solar Philippines which covers contractual obligations, performance bonds and financial obligations arising from the revoked contracts.

“We have consistently sent notices even show-cause orders request for them to renew their bonds. We have not received any response from the company,” she said.

Sought for comment, Mr. Leviste has yet to respond as of press time.

The DoE said it has recorded nearly 18,000 MW worth of potential capacity from 163 terminated and relinquished service contracts Ms. Garin said that 70 contracts were terminated and relinquished in 2024 and 93 contacts in 2025.

These terminated and relinquished contracts were composed of hydro, solar, wind, geothermal, and biomass that were awarded after application and green energy auctions (GEAs).

“This could have covered actually the annual increase of our electricity demand in the country. Unfortunately, we had to cancel these contracts. They’re not complying with the requirements and in accordance with their GEA contract. This is why we had to cancel them because they really wouldn’t move,” Ms. Garin said.

Under the revised omnibus guidelines governing the award and administration of RE contracts issued in 2024, the Renewable Energy Management Bureau can recommend termination of the contract if the RE developer failed to secure and submit needed requirements.

The RE developer has 30 calendar days to explain in writing why its contract should not be terminated. The developer whose RE contract was terminated may request for reconsideration.

Ms. Garin said that the revoked contracts will be open to other developers who are interested to apply or through the open and competitive selection process (OCSP).

OCSP allows the DoE to award RE contracts in pre-determined areas through competitive bidding. These are locations identified as having high potential for RE development, including hydro, geothermal, and wind resources.

Ms. Garin said that terminating contracts is not to “scare off investors” but to make sure “we have the right investors” in the Philippines.

“What we want are really legitimate investors that have the financial, technical, and legal capacity to embark on a contract and an energy project in the Philippines. This is why we are cleaning it up,” Ms. Garin said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the renewable energy sector of the Philippines really lacks legitimate investors who actually have the financial, technical, and legal capacity to embark on contracts of energy projects? Are you surprised that Solar Philippines failed to fulfill the energy commitments? If you are an investor, do you trust Solar 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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Philippines Reduces Economic Growth Targets Until 2027

January 8, 2026January 5, 2026carlocarrasco

In what is an acknowledgment of slowing growth, the government of the Philippines officially reduced its economic growth targets until the year 2027, according to a news report by BusinessWorld.

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

The Philippines trimmed its economic growth targets until 2027, after growth likely slowed to about 4.8% to 5% this year, according to Economy Secretary Arsenio M. Balisacan.

In a briefing on Monday, Mr. Balisacan said the Development Budget Coordination Committee (DBCC) had lowered its gross domestic product (GDP) growth targets to 5%-6% for 2026 and 5.5%-6.5% for 2027. It kept the GDP growth target at 6%-7% for 2028.

The government earlier aimed to achieve 6%-7% GDP growth annually from 2026 until 2028.

This comes after Mr. Balisacan said the economy likely grew by 4.8-5% in 2025. This is much slower than the 5.7% GDP growth in 2024, and below the government’s 5.5-6.5% growth target.

“The emerging number, growth scenario for 2025, is something like 4.8 to 5%,” he said. “But if you achieve 5% for the entire year, because the first three quarters’ average is already 5%, that still puts the economy into one of the fastest growing economies in Asia.”

Economic growth slowed to an over four-year low of 4% in the third quarter, as the flood control scandal affected government spending and hurt business and consumer confidence.

“The developments last year are likely still to be felt this year, although in a diminishing effect, and so we expect growth perhaps in the first quarter or at least in the first half to be still quite not as rosy as we would want it to be,” the Economy chief added.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government spending this year should be increased somehow so that it will stimulate the national economy to grow more? Do you think investors based overseas are not convince to invest in the country 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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Fitch Ratings Says Flood Control Corruption Scandal Imperils Philippines’ Credit Rating

December 23, 2025December 16, 2025carlocarrasco

It has been months since the flood control corruption scandal rocked the entire Philippines and the economic situation has turned for the worse along the way (click here, here and here). In the view of Fitch Ratings, the scandal puts the nation’s credit rating at risk, according to a news report by BusinessWorld.

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

THE Philippine economy continues to bear the brunt of the ongoing flood control corruption scandal, Fitch Ratings said, noting that further unrest could spill over to the country’s credit rating.

Fitch Ratings Head of Asia-Pacific Sovereigns Thomas Rookmaaker said the controversy surrounding the anomalous government flood control projects threatens the country’s political stability, fiscal policy implementation, as well as business and consumer confidence.

“We believe that the flood control corruption scandal in the Philippines poses an ongoing risk to political stability, fiscal policy execution, and business and consumer confidence,” Mr. Rookmaaker told BusinessWorld in an e-mail.

Government officials, lawmakers and contractors have been accused of getting billions of pesos in kickbacks from substandard or nonexistent flood control projects. This has triggered widespread protests, slowed government spending, and hurt investor and consumer sentiment.

“The overall impact the scandal will have on the Philippines’ public finances is still uncertain,” Mr. Rookmaaker said.

“Public investment spending is likely to remain weak for quite some time, but continued social unrest could simultaneously lead to spending pressures to head off public discontent.”

In October, government spending fell for a third straight month to P430.6 billion, down 7.76% from P466.8 billion a year ago. Revenues likewise slipped by 6.64% to P441.7 billion from P473.1 billion last year.

Mr. Rookmaaker noted that the immediate impact of the scandal was reflected in the sharp economic slowdown in the third quarter.

Philippine gross domestic product (GDP) expanded by an over four-year low of 4% in the third quarter, as household final consumption expenditure and government spending slowed amid the corruption mess.

For the first nine months, GDP growth averaged 5%, well-below the government’s 5.5-6.5% full-year target. Public investments likewise took a hit from the corruption issues, he added.

In the third quarter, foreign investment pledges approved by investment promotion agencies plunged by 48.7% to P73.68 billion, Philippine Statistics Authority data showed.

“Persisting social tensions could become more of a drag on growth if confidence among foreign and domestic investors suffers,” the Fitch analyst said. “Tensions could also serve as a distraction for policymakers, impeding the passage of reforms that have the potential to enhance economic productivity and competitiveness.”

Mr. Rookmaaker said implementing reforms to enhance accountability and governance could bolster private investments and promote growth in the medium term.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you think Fitch Ratings is correct with its economic analysis of the Philippines and the flood control corruption scandal? Do you think foreign investors have been turned off by the scandals and social unrest?

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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I Love Israel: Potential Partnership Between Israel And Cebu Chamber Of Commerce And Industry Could Be Achieved

December 4, 2025November 27, 2025carlocarrasco

In the island province of Cebu, Israeli Ambassador Dana Kursh met with officials of the Cebu Chamber of Commerce and Industry (CCCI) and things are looking bright for a potential partnership between the Jewish State (including its investors and capitalists) and the business chamber, according to news reports by Sun.Star Cebu (click here and here).

In the November 20 report, Ambassador Kursh confirmed that Israel is pursuing long-term and mutually beneficial partnerships, and sees potential in Cebu as it is already a crucial part of the economy of the Philippines. For insight, posted below is an excerpt from the report. Some parts in boldface.

ISRAEL sees “tremendous” potential for deeper economic, tourism and innovation partnerships with Cebu, Israel Ambassador to the Philippines Dana Kursh said during a courtesy visit to the Cebu Chamber of Commerce and Industry (CCCI) on Thursday, Nov. 20, 2025.

Kursh, who arrived in the Philippines three and a half months ago, said she chose Cebu for her first business trip outside Manila because of its strategic role in the economy.

“Cebu is a crucial part of the economy of this amazing nation,” she said. “After an hour and a half of discussions with the chamber, I am even more certain that investing in the paradise of Cebu is a must.”

During the engagement, CCCI Jay Yuvallos presented the chamber’s L.E.A.D Agenda. Kursh’s visit was facilitated by the Honorary Consul of Israel to Cebu, Emily Benedicto-Chioson.

Kursh said Israel is pursuing long-term, mutually beneficial partnerships and sees Cebu as well-positioned for collaboration in artificial intelligence, cybersecurity, medical and tourism-related technologies and sustainable solutions.

With nearly 70 percent of Cebu’s economy driven by services, she said Israeli firms are looking closely at the province’s innovation potential. Kursh said one area where Israel can immediately contribute is talent and teacher training.

“We can bring experts to work with your teachers on artificial intelligence, innovation and future skills. This is something we can easily do together,” she said.

Trade, investment prospects – Kursh said Israel aims to revive bilateral trade and investment flows, which had slowed due to global uncertainties. She said trade reached about US$500 million before declining because of the war and other external factors.

“My goal is to raise that again — not alone, but in partnership with the Philippine business community,” she said.

She noted that even at the height of the conflict, Israel’s Economic Minister Nir Barkat visited Manila in July this year and met with Trade Secretary Cristina Roque to advance discussions on a Philippines–Israel Free Trade Agreement.

“Even with war, we must look to the future. And the future is the partnership between our nations,” she said.

Economic Planning Secretary Arsenio Balisacan earlier said any deal that enhances trade would benefit the Philippines, citing potential gains from Israel’s technology and innovation transfer.

In Sun.Star Cebu’s November 23 report, the CCCI showcased to Israel Cebu’s growing tech and startup ecosystem and potential for global partnerships. For insight, posted below is an excerpt from the report. Some parts in boldface.

THE Cebu Chamber of Commerce and Industry (CCCI) has invited the Israeli Embassy and Israeli tech firms to partner in developing its planned innovation hub, saying Israel’s strength in research and development could accelerate Cebu’s push to build a stronger innovation ecosystem.

Speaking at a dialogue with Israel’s Ambassador Dana Kursh on Thursday, Nov. 20, 2025, CCCI president Jay Yuvallos said the chamber is converting the second floor of its building into an innovation hub aimed at supporting startups, strengthening industry–academe links and positioning Cebu as a center for technology-driven growth.

“Across all industries, Israel is a leader in innovation. That is one of our main thrusts — developing an ecosystem for innovation,” Yuvallos said.

He cited Singapore’s rise as an R&D hub, noting how a single foreign research center eventually “overflowed to the whole community and ecosystem.”

Yuvallos said CCCI is pursuing the project aggressively and is “dreaming big,” stressing that a partnership with Israeli companies or the embassy would provide a “big boost” to Cebu’s innovation agenda.

“This is an invitation for the embassy or Israeli companies to be a partner of this innovation hub. Your comments actually make us more confident that we are on the right track,” he said. “We’d love to welcome whatever you want to bring, and we hope to reciprocate the energy and passion you’ve shown.”

He added that the chamber is ready to support Israel’s initiatives in Cebu and ensure that collaboration between Cebu and Israel “works on the ground.”

CCCI is set to open a P20-million Innovation and Startup Hub to accelerate local entrepreneurship and link Cebu’s innovators with global markets.

For the newcomers reading this, I used to work and live in Cebu long before I even visited Israel. I have witnessed the Cebu business community’s determination to modernize and innovate, and their efforts on attracting foreign investors (including direct foreign investment) have been consistently strong. A partnership with Israel and its business community could be realized in the near future benefitting both Cebu and the Philippines as well. Pray to the Lord in support of Israel-Cebu partnership!

To my fellow Filipinos reading this, I encourage you to accept the truth that Israel is the land God designated specifically for the Jewish people (read Genesis 35:10-12) and His command must be followed without hesitation. If you want to be blessed further by the Lord, do so by loving and blessing the Jewish people (Genesis 12:1-3). I did my part when I was in Israel. Also, let me remind you all that the ties between the Jews and Christians are truly biblical!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful, you should be aware that Christians are meant to stand united with Israel and love the Jewish people no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus!

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Investors’ Interest In Nuclear Energy In The Philippines Remains Strong

November 30, 2025November 24, 2025carlocarrasco

The future of a nuclear-powered Philippines remains achievable as the Department of Energy (DOE) confirmed that investors are strongly interested in nuclear energy in the country, according to a BusinessWorld news report.

For the newcomers reading this, more Filipinos expressed through a survey their preference for nuclear power for electricity, PhilATOM was signed into law by President Ferdinand “Bongbong” Marcos, and Meralco is preparing its bid for a nuclear power license.

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

INVESTORS are still keen on developing nuclear energy projects in the Philippines, the Department of Energy (DoE) said, as the government prepares to start accepting applications next year.

Energy Secretary Sharon S. Garin said there is significant investor interest in nuclear energy projects in the Philippines, as some companies have already presented their ideas.

Speaking to reporters on Friday, Ms. Garin said companies want to go into nuclear energy as they see it as a possible solution to serve baseload capacity and to cater to the increasing demand from data centers.

“They’re very interested and are waiting for us to finalize the site selection and site evaluation,” she said in mixed Filipino and English.

The DoE plans to begin accepting applications for nuclear energy projects by 2026 as part of efforts to integrate nuclear power into the country’s energy mix by 2032.

Under the Philippine Energy Plan, the country aims to integrate nuclear energy into the power mix with at least 1,200 megawatts (MW) of capacity by 2032, increasing it to 2,400 MW by 2045 and to 4,800 MW by 2050.

“I understand, the companies are waiting for us to guide them on which are the areas that are more feasible. But some companies have already approached DoE to enter into a memorandum of agreement, non-exclusive, to explore the possible nuclear power plant development,” Ms. Garin said.

She said some energy firms have expressed interest in nuclear energy development such as power distributor Manila Electric Co. (Meralco) and power generation firm Aboitiz Power Corp.

In a separate interview, Meralco Executive Vice-President Chief Operating Officer Ronnie L. Aperocho said that the company waiting to see the ongoing development of Romania’s first small modular reactor before proceeding on its own.

“There is a requirement from PhilATOM (Philippine Atomic Energy Regulatory Authority) that the first-of-its-kind technology must run of at least about two years without any incidents before we can adopt it here in the Philippines. So, we have to go through that two-year requirement,” he said in mixed Filipino and English.

In September, President Ferdinand R. Marcos, Jr. signed Republic Act No. 12305, the Philippine National Nuclear Energy Safety Act, which created PhilATOM.

PhilATOM is an independent quasi-judicial body tasked with overseeing all nuclear and radiation activities in the country. Under the law, PhilATOM will hold sole and exclusive jurisdiction over the regulation of nuclear energy and radiation sources in the Philippines, ensuring their peaceful, safe and secure use.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think nuclear power in the Philippines will become a reality over the next several years?

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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President Marcos Calls On HSBC To Help investors See Economic Opportunities In The Philippines

November 27, 2025November 19, 2025carlocarrasco

As the signs are clear that economic growth of the Philippines has weakened, President Marcos called on financial giant HSBC to help foreign investors realize the economic opportunities in the country, according to a Philippine News Agency (PNA) news article.

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

President Ferdinand R. Marcos Jr. has called on international bank HSBC to help more foreign investors see the huge economic opportunities the Philippines has to offer.

“Together let’s build a more progressive Philippine economy, where people can access reliable financial services, obtain meaningful opportunities, and live more dignified, comfortable lives,” he said in a speech at HSBC’s 150th year anniversary gala in Taguig City on Tuesday night.

“Let us continue creating an environment where investors, stakeholders, and most importantly, our citizens see the Philippines as a nation of promise,” he added.

He acknowledged the foreign bank’s support for government initiatives, including its participation in recent bond issuances such as the SEC-registered USD3.3 billion-equivalent dual currency global bond that aims to ensure the continuation of vital government programs.

“These programs, whether on infrastructure, education, or social protection, directly benefit our people, especially those who rely on stable public services,” he said.

He also cited HSBC’s strong collaboration with relevant economic agencies and its contribution to increasing the country’s exposure to foreign investors.

From its first branch in Binondo in 1875, Marcos said HSBC’s growing presence in the Philippines serves as a vote of confidence in the future of the Philippines.

On the part of the government, he said the administration continues to strengthen its financial systems to protect depositors.

The Bangko Sentral ng Pilipinas, he added, is refining capital, liquidity, and governance standards to ensure that banks are resilient.

The country, he said, also adopts reforms such as the Basel III New Standardized Approach, the National Risk Assessment, and clearer guidelines for the disqualification of erring officers.

“Today, as HSBC adapts to a rapidly changing economy, we are confident that the bank will remain true to its commitment to making its services more inclusive, more secure, and accessible to Filipinos,” the chief executive said.

HSBC, the leading international bank in the country, serves 41 million clients across 57 markets, with over USD3 trillion in assets.

In his remarks, HSBC Interim Group Chairman Brendan Nelson said the firm has “strong” confidence in the Philippines and is ready to work with the country to sustain its growth momentum.

He said HSBC is “determined to continue growing” in the Philippines as he noted its strategic position in Southeast Asia, one of the regions, he noted, is set to benefit most from the “configured globalized world.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think economic growth of the Philippines will get stronger in 2026? Do you think foreign investors will take a new look at the Philippines for economic opportunities 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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A Look Back at Uncanny X-Men #286 (1992)

November 24, 2025November 16, 2025carlocarrasco

Disclaimer: This is my original work with details sourced from reading the comic book and doing personal research. Anyone who wants to use this article, in part or in whole, needs to secure first my permission and agree to cite me as the source and author. Let it be known that any unauthorized use of this article will constrain the author to pursue the remedies under R.A. No. 8293, the Revised Penal Code, and/or all applicable legal actions under the laws of the Philippines.

Welcome back superhero enthusiasts, 1990s arts and culture enthusiasts, Marvel Comics fans and comic book collectors! Today we go back to the early 1990s to explore one of the many tales of the Marvel shared universe through the Uncanny X-Men series.

While issue #284 marked the turning point following the successful return of Jean Grey and the encounter with Bishop, issue #285 generated strong vibes of the sci-fi TV series Otherworld as it revealed most of the X-Men’s Gold Team members in a completely different world filled with unknown inhabitants and culture. Clearly a lot has happened following the Gold Team’s debut in issue #281 which reflects the respective contributions of the creators.

With those details laid down, here is a look back at Uncanny X-Men #286, published in 1992 by Marvel Comics with a story co-written by Jim Lee and Scott Lobdell (who worked on the script). The art was done by Whilce Portacio with ink work by Art Thibert.

Early story

The story begins with Jean Grey, Colossus, Storm and her male companion (Mikhail Rasputin) together. While Jean is surprised and relieved to see Storm again (she was separated from the team temporarily in the last issue), Colossus is shocked to see his long-lost brother Mikhail alive and well. Mikhail reveals that so many years have passed since he last stood with his little brother and had long abandoned any hope of a reunion.

The reunion is interrupted when a portal has grown larger by the moment and it means that it is only a matter time before Earth is pulled into the realm they are in. Both worlds are at risk of getting destroyed…

Quality

*Charles Xavier and Forge are still on Earth separated from the rest of the X-Men’s Gold Team members.*

Following the build-up and character developments that happened in the previous issue, this X-Men tale is pretty much a strong pay-off while leaving some space for suspense and surprises. The writers intended to conclude what started in issue #284 and along the way, they had to go through the challenges of introducing a new world, new people and the conflicts within. Mikhail Rasputin – the same guy who helped Storm in issue #284 – is easily the most impactful addition to this tale and because of him and what he revealed, Colossus became emotional and felt like his life was crumbling as he simply could not handle the truth. Colossus’ despair and emotional state here served as the creative seeds that later led to the betrayal he would eventually commit (in Uncanny X-Men #304).

The Mikhail-Colossus interaction was easily this comic book’s source of emotions which added some weight to the plot. By the time I reached the end of this issue, I felt really satisfied and at the same time curious about the state of Colossus (note: there’s a still a long road of X-Men tales before Uncanny X-Men #304).

With regards to the writing, John Byrne’s intricate touch on the dialog was clearly missing but Scott Lobdell did a fine job taking over. While Whilce Portacio was credited as illustrator, there were a few pages that looked like they were drawn by someone else. The same also happened with regards to the inking in different parts of the comic book…Art Thibert’s inking has a fine touch and there were some images that had aggressive and thicker inking (it has to be the work of someone uncredited).

Conclusion

*A very significant moment for the Rasputin brothers witnessed by Jean Grey, Storm and a few of the locals.*

While there were some inconsistencies on the quality of the artworks, Uncanny X-Men #286 (1992) had a really strong script and the good news here is that the creative team managed to pull off a solid conclusion. This is the kind of tale in which the X-Men utilized their skills and made tough decisions while being far away from Charles Xavier. At this particular stage of the Uncanny X-Men series, the Gold Team’s development really progressed and they became a more appealing team to follow.

Overall, Uncanny X-Men #286 (1992) is highly recommended!

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Approved Foreign Investment Pledges Fall Down 48.7% In 3rd Quarter

November 21, 2025November 14, 2025carlocarrasco

The flood control corruption scandals connected with the weaker investor sentiment resulted in a 48.7% fall in foreign investment pledges during the 3^rd quarter this year, according a news report by BusinessWorld. It should be noted that Philippines GDP growth for the same quarter slowed down a lot.

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

APPROVED foreign investment pledges plunged nearly 50% in the third quarter as investor sentiment soured due to the corruption scandal involving government infrastructure projects, the local statistics agency said.

Preliminary data from the Philippine Statistics Authority (PSA) showed the value of foreign commitments approved by investment promotion agencies (IPAs) fell by 48.7% to P73.68 billion in the July-to-September period from P143.74 billion in same period last year.

However, this was the highest amount of investment pledges since the third quarter of 2024.

Ser Percival K. Peña-Reyes, director of the Ateneo Center for Economic Research and Development, said the decline in approved investments can be attributed to the weaker investor sentiment.

“Tingin ko. Wala pang nakukulong eh (I think so. No one has been imprisoned yet),” he said in a Viber message, when asked if this sharp slump in approved investments will likely persist in the fourth quarter until 2026.

Quarter on quarter, the approved pledges rose by 9.34% from P67.38 billion in the second quarter.

Singapore was the top source of foreign investment pledges in the third quarter with P20.26 billion (27.5%), followed by Japan with P13.59 billion (18.4%) and Cayman Islands with P13.14 billion (17.8%).

Investment commitments from South Korea stood at P5.57 billion (7.6%), while those from China stood at P4.51 billion (6.1%)

PSA data showed the investment pledges were approved by seven IPAs — the Authority of the Freeport Area of Bataan, Bases Conversion and Development Authority (BCDA), Board of Investments (BoI), Clark Development Corp., Clark International Airport Corp., Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the government must do to convince foreign investors to become more confident about investing in the Philippines? Do you think the investigation and pace of justice related to the flood control corruption scandal is moving too slowly?

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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