Tag: investment

I Love Israel: Joint Economic Commission (JEC) established by Israel and the Philippines

I Love Israel: Joint Economic Commission (JEC) established by Israel and the Philippines

carlocarrasco

Trade between Israel and the Philippines could improve and help develop each other economically in the years to come as the two nations strengthened their ties further by establishing the Joint Economic Commission (JEC), according to a recent report by BusinessWorld.

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

THE Philippines and Israel said they formed a Joint Economic Commission (JEC) that will explore pathways to improving trade.

In a statement on Thursday, the Department of Trade and Industry (DTI) said Trade Secretary Ramon M. Lopez signed a memorandum of understanding (MoU) with Israel Economy and Industry Minister Orna Barbivai in Jerusalem on June 7 that created the JEC.

“The MoU seeks the establishment of a bilateral consultative mechanism that will develop and strengthen trade, enhance investments, and advance economic ties between the Philippines and Israel,” the DTI said.

“In establishing a JEC, the two countries agree to exchange information on economic issues, identify and implement cooperative projects, organize consultations, missions, and official visits and enhance cooperation and linkages with their respective private sector,” it added.

The DTI said the MoU will seek to explore industries where the two countries can collaborate with a view towards diversifying trade and investments.

He added that priority sectors for promotion include agribusiness/agriculture production, energy efficiency technologies and renewable energy, infrastructure and public-private partnership (PPP) projects in infrastructure, real estate development, logistics, artificial intelligence, information technology and business process management (IT-BPM) including shared services, electronics manufacturing, and digital infrastructure.

Mr. Lopez told reporters via Viber that the initial investments from the investment promotion and protection agreement (IPPA) between the Philippines and Israel could bring around $150 million in investment in 2022.

“Early harvest could be around $150 million this year,” Mr. Lopez said.

Also signed on June 7, the IPPA provides the framework for a closer investment relationship between Israel and Philippines. It also specifies investment protection elements such as national treatment, most favored nation treatment, free transfers, rules-based expropriation and compensation, and investor-state dispute settlement.

The DTI also recently signed an MoU seeking to strengthen cooperation with the Israel Innovation Authority.

This newest development is undoubtedly critical as both the Philippines and Israel share the same goal of recovering from the damage of the COVID-19 crisis and emerging stronger economically and socially. The JEC between the two nations is something we must be thankful to God for.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful (not religious), you should be aware that Christians are meant to stand united with Israel, love the Jewish people and pray for the peace of Jerusalem. 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! Always stand in support of Israel!

In ending this I Love Israel piece, posted below are Israel-related videos for your viewing pleasure and enlightenment.

+++++

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. 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/

Looking for a new home or investment opportunities? Watch out for South 2 Residences in Las Piñas City

Looking for a new home or investment opportunities? Watch out for South 2 Residences in Las Piñas City

carlocarrasco

There is no doubt that the Philippines is socially and economically recovering from the COVID-19 crisis. Business and economic readings of the nation in 2021 showed improvements over 2020. Apart from rising business confidence, there is also growing confidence in real estate and investments. That being said, SM Development Corporation (SMDC) is making a bullish bet at the Southmall complex in Las Piñas City with their project South 2 Residences, according to a business article published by Manila Bulletin. To the potential investors and searchers of new homes reading this post, I urge you to pay close attention.

Artistic image of the project as published through the Manila Bulletin.

To put things in perspective, posted below are selected excerpts from the Manila Bulletin article. Some parts in boldface…

South 2 Residences is a master-planned developments that unlocks so much more than just ease and comfort, having everything within reach, in a strategic location where all key destinations are made accessible. This gated vertical community in Las Pinas city is poised to give investors and future residents wide-ranging rewards that cover it all.

Integrated living keeps destinations close and health risks at bay – Owning a home surrounded by essential establishments has proven itself vital during this time of a global pandemic. There is a massive and even potentially life-saving difference between having to ride in a car to go places, and simply taking a few steps for a grocery run or your bank errands.

Located in the Southmall Complex in Las Pinas City, SMDC’s South 2 Residences is orbited by several key lifestyle, commercial, and office destinations. This includes retail shops, leisure and entertainment stations, and a plethora of dining options at SM Southmall. There are also banking establishments such as BDO and Chinabank, health institutions such as The Medical City Clinic, and office spaces at the SM South Tower.

“It is much more important now to have easy and fast access to essential facilities such as hospitals, rehabilitation centers, drug stores, supermarkets, and places of worship,” writes Andrew Frondozo, Head of Project Management at Santos Knight Frank, in the real estate expert’s Global Buyer Survey 2021: The Philippine Edition. “This increased realization is no longer for the middle-aged or the elderly, but younger people even.”

Living in a 15-minute city like South 2 Residences, where important destinations are all within walking distance, also means your car can stay parked, helping you save money as oil prices shoot up.

Artistic view of the South 2 Residences amenities as published through the Manila Bulletin.

Accessibility, well-appointed spaces, and more – SMDC’s South 2 Residences is accessible to all parts of the metro through convenient road networks such as the Muntinlupa-Cavite Expressway (MCX), South Luzon Expressway (SLEX), Emilio Aguinaldo Hi-way, and the Metro Manila Skyway. It is also close to the Skyway Extension, LRT-1 Cavite extension, and C-5 Southlink.

Upon reaching the property, one can immediately get a sense of grandeur from South 2 Residences’ imposing presence in the neighborhood. The impression only gets stronger as you enter the hotel-like lobby, adorned with impeccable design and décor.

South 2 Residences, likewise, presents a full range of resort-style amenities, including landscaped swimming pools, children’s play areas, pocket gardens, a gym, and high-speed elevators.

If you are eager to learn more details and check out the showroom gallery of South 2 Residences, you should visit https://smdc.com/properties/south-2-residences/

Let me end this piece by asking you readers: If you are  a resident of Las Piñas City, what do you think about South 2 Residences? If you are an investor or if you have the means to buy a unit where you and your family can live in, are the declared amenities and accessibility to SM Southmall ideal to you? Does the idea of living in a new community in close proximity to Alabang-Zapote Road sound like a turn-off to you?

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

+++++

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. 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

Antitrust notification for Robinsons’ full takeover of Ministop not needed according to Philippine Competition Commission (PCC)

Antitrust notification for Robinsons’ full takeover of Ministop not needed according to Philippine Competition Commission (PCC)

carlocarrasco

If you have been living here in the Philippines, have you visited any branch of the Ministop chain of convenience stores lately? Did you notice that the term acquisition was more prominent recently in business news as of late mainly due to the Microsoft-Activision-Blizzard deal?

The point here is that another acquisition happening in the Philippines – Robinsons is set for a full takeover of Ministop (which itself is already majority owned by the said corporation) and an antitrust notification is not needed according to the Philippine Competition Commission (PCC). This was reported lately by GMA Network news.

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

The Philippine Competition Commission (PCC) said Tuesday Robinsons Supermarket Corp. does not need to notify the antitrust watchdog of its full takeover of the Ministop franchise in the country as the company already has majority control over the convenience store franchise.

“Based on PCC’s merger rules, the Commission acknowledges that Robinsons’ current majority stake in Ministop already affords them control, and Robinsons is no longer required to notify the proposed acquisition to the antitrust commission,” the antitrust body said in a statement.

On Monday, Robinsons Supermarket —a wholly-owned subsidiary of Robinsons Retail Holdings Inc. (RRHI)— announced it will acquire the 40% share of Ministop Japan in Robinsons Convenience Stores Inc. (RCSI), effectively taking full ownership of the business.

RCSI is the exclusive franchisee of Ministop in the Philippines, with Robinsons Supermarket Corp. holding a 60% stake in the firm. It will continue to operate the stores with the Ministop brand, within a prescribed transition period agreed upon with the Japanese counterpart.

RRHI said the stores will continue to operate as Ministop until they are repurposed and appropriately rebranded, in consideration of its ready-to-eat offerings such as Uncle John’s Fried Chicken and Kariman.

The PCC said it received reports of Ministop Japan’s sale to Lotte, including its sale of its joint venture stake in the Philippines.

Nikkei Asia reported that the Japanese convenience store operator will sell its South Korean and Philippine businesses, after unloading a Chinese subsidiary in Qingdao.

The PCC, however, noted that it will look into Robinsons’ portfolio in the consumer retail sector which includes supermarkets, department stores, and community malls, among others.

“Merger reviews are focused on the effects and changes of market behavior in the hands of new owners or stakeholders,” it said.

“This transaction may result in a change in ownership of a significant portion of equity but it is not likely to have an effect on the economic behavior of the target firm,” it added.

Let me end this piece by asking you readers: What do you think about this business development? If you are a regular customer of Ministop, what do you think will happen once the full takeover by Robinsons happens? Do you think that the quality of the customer service and store facilities will improve? When it comes to convenience store competition here in the Philippines, how do you rate Ministop with the likes of 7-Eleven, FamilyMart and Lawson? Are you personally attached to Ministop’s branch?

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

+++++

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. 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/

I Love Israel: Israeli Ambassador Ilan Flus confirms commitment on collaborating with the Philippines on technology, innovation and medicine

I Love Israel: Israeli Ambassador Ilan Flus confirms commitment on collaborating with the Philippines on technology, innovation and medicine

carlocarrasco

The ties between the Philippines and Israel continued to get stronger as the new Israeli Ambassador Ilan Fluss confirmed that the State of Israel is committed to collaborate with the Filipino nation on important fields, the Manila Bulletin reported.

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

Israel is committed to pursue collaboration with the Philippines in the areas of technology, innovation and medicine, according to its new ambassador to Manila.

Israel Ambassador to the Philippines Ilan Fluss confirmed at the “Pandesal Forum at Kamuning Bakery Café” that lots of cooperation are going on between the two countries.

In agriculture, the ambassador said that cooperation in agriculture technology is being discussed and is handled by its economic section. He mentioned of an Israeli initiative for an irrigation project in the country using solar technology to help Philippine agriculture.

Fluss also said that he met recently with Defense Secretary Eduardo Año to discuss cooperation in defense and military training.

On medicines, the ambassador explained that Israel is not yet into COVID-19 vaccine manufacturing, but they are going into that. He said that Israel is still in the second stage in their clinical research for COVID-19 vaccine.

“We are open to discuss partnership with the Philippines,” he said. In fact, he said, that an Israeli firm is already looking into the manufacture of medicines in the Philippines, but may not be necessarily COVID-19 vaccines.

Meantime, the Philippine Economic Zone Authority announced the approval of Israeli-Filipino joint venture Savepoint Biotek for its proposal to manufacture oral COVID-19 vaccines.

According to PEZA, Savepoint is investing P83 million initially for the project to be located in the Pampanga Economic Zone. The joint venture even projected annual sales of $180 million from the Philippines and export markets.

A source privy to the project application said the company has projected annual sales of $180 million of which 70 percent is expected to come from its export markets Asia Pacific and Africa. The project is also expected to employ 425 workers upon full commercial operation.

Sources said that partners, the Filipino and the Israel pharmaceutical firm, are still finalizing their equity structure. While waiting, the source said, the project would be represented by the Filipino group.

It is always great to learn of the cooperation and unity between Israelis and Filipinos, and as always, we must thank the Lord! Apart from the diplomatic developments, the establishment of Savepoint Biotek by Israelis and Filipinos is significant especially with the ongoing COVID-19 crisis.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful (not religious), you should be aware that Christians are meant to stand united with Israel, love the Jewish people and pray for the peace of Jerusalem. 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! Always stand in support of Israel!

In ending this I Love Israel piece, posted below are Israel-related videos for your viewing pleasure.

+++++

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. 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/

COVID-19 Crisis: Las Piñas City Mayor Imelda Aguilar says herd immunity is within reach

COVID-19 Crisis: Las Piñas City Mayor Imelda Aguilar says herd immunity is within reach

carlocarrasco

Recently, the Manila Bulletin reported that Las Piñas City Mayor Imelda Aguilar confirmed to them that herd immunity against COVID-19 is within reach based on their latest statistics. Aguilar, who is running for a 3rd and final term as mayor and was honored recently, wishes that Christmas this year will be joyful and asked her constituents to get vaccinated so that herd immunity will be achieved in the city. The City Government can be reached through its COVID-19 hotline numbers.

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

Las Pinas City Mayor Imelda Aguilar announced on Thursday (October 7) that the city is now nearing herd immunity with less than 14 percent left of the total population that are unvaccinated.

Aguilar said a total of 97 percent of the city’s target population of 447,086 had already been inoculated with COVID-19 vaccines for the first dose while 86.3 percent were fully vaccinated.

“Sana ay maging masaya ang darating na Pasko ng mga Las Piñeros kaya nanawagan ako sa lahat na magpabakuna kahit ano mang brand ng bakuna laban sa COVID-19 upang ating makamit ang tinatawag na herd immunity ng ating siyudad ngayong Kapaskuhan,”(We want Christmas to be a joyful occasion this is why I am asking all Las Pineros to get vaccinated with any brand against COVID-19 to achieve herd immunity) Aguilar said.

The mayor also said that while the city government is slowly opening up the economy, she will invite more investors to generate more job opportunities for Las Piñeros.

Inspired by the legacy left behind by her late husband, former Mayor Vergel “Nene” Aguilar, she said free education for the youth in the city will continue with the construction of the new building for the College of Engineering at the Dr. Filemon C. Aguilar Memorial College (DFCAM).

Any Las Piñas resident who has yet to get registered for the free COVID-19 vaccines can learn the ways (4 methods) by clicking here. Anyone who is ready and willing to register online can click bit.ly/LasPiñasVaccination

Meanwhile, the City Government formally launched the online registration for COVID-19 vaccination for local minors (aged 12 to 17) which can be done at http://laspinascityonline.laspinascity.gov.ph/eCVRS/

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, would you know if there are still a lot of people in your local community who remain unvaccinated or even unregistered for the free COVID-19 vaccines? Are the people in your local community aware that the city is getting close to achieving herd immunity? Does Mayor Aguilar’s plan to invite more investors to generate new jobs in the city inspire you?

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

+++++

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. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

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

COVID-19 Crisis: Online stockbroker predicts PSE index to reach 8,100 level by the end of 2021

COVID-19 Crisis: Online stockbroker predicts PSE index to reach 8,100 level by the end of 2021

carlocarrasco

With the enhanced community quarantine (ECQ) all set to take effect all over Metro Manila for two weeks starting August 6, a lot of people are disturbed about what lies ahead. For one thing, there is the highly infectious Delta variant spreading nationwide. There is also the potential economic damage and the effects ECQ will have on many workers.

And then there is the local stock exchange. While many investors are constantly looking on different directions and varied factors to decide what to do with their respective investments, the COL Financial Group recently revised its end-of-the-year estimate for the Philippine Stock Exchange (PSE) but their new prediction still points to a higher count than what the current index shows.

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

Online stockbroker COL Financial Group expects the Philippine Stock Exchange index (PSEi) to end the year at 8,100, slightly lower than previously projected, supported by optimism for faster economic recovery and earnings growth.

COL chief equity strategist April Lynn Tan said their forecast for PSEi has been reduced from 8,300 considering the lower earnings incurred by property companies as their mall operations are affected most by the implementation of enhanced community quarantine (ECQ).

The National Capital Region (NCR) will be placed under the most restrictive ECQ from Aug. 6 to 20 to prevent the spread of the more infectious Delta coronavirus variant.

This, after the one implemented from May 17 to April 13, 2021 to stem the country’s coronavirus disease 2019 (Covid-19) surge.

“We cut our earnings forecast and fair value estimates for the property companies given that they are part of a lot of the big holding companies that also dragged our fair value estimates. (But) an 8,100 target is still significantly higher from where we are today. That is why, we keep on saying that the negatives are priced in,” Tan said in a virtual press briefing Monday.

She said companies are “coping well” with the pandemic, adding that almost all sectors, except the property sector, reported higher year-on-year earnings.

“The reason why companies were able to deliver higher profits in the first quarter of this year compared to last year even though we are still in the pandemic is because they have adapted to the pandemic scenario by cutting cost and of course they also benefited from the lower tax rate, thanks to the CREATE (Corporate Recovery and Tax Incentives) law,” Tan said.

President Rodrigo Duterte last March 26 signed into law the CREATE Act reducing the corporate income tax rate by 5 to 10 percent for micro, small and medium enterprises (MSMEs) and other corporations.

Moreover, Tan said they remain bullish of the stock market on the back of efficient vaccination efforts and inflation reaching its peak.

Predicting the future is very unpredictable no matter what category gets discussed. Remember when the International Olympic Committee (IOC) predicted a brighter post-Olympics future for the city of Rio de Janeiro in relation to hosting the 2016 Summer Olympic Games? What happened after Rio Olympics were lots of unfulfilled promises, deteriorating facilities and a lot of embarrassment.

Going back to Philippine stocks, the COL Financial Group showed lots of details in their explanations of their 8,100 index end-of-2021 prediction. They were right to point to the CREATE Law which itself was a factor in the spike of foreign direct investments (FDI) in the country last April. The CREATE Law effectively reduced the corporate income tax rates for micro, small and medium enterprises (MSMEs). From this point on, it is interesting to see how the CREATE Law will impact the national economy and the local stock exchange in the months to come.

Let me end this piece by asking you readers: If you are an investor, what can you say about COL Financial Group’s end-of-the-year prediction for the Philippine Stock Exchange? Are you confident that the economic stakeholders, the businesses and investors will emerge stronger starting with the end of the next ECQ period until the end of the year? Is the CREATE Law positively impacting your business and/or investments?

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

+++++

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. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

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

COVID-19 Crisis: Foreign direct investments spiked in April 2021 in connection to CREATE Law, economic reopening and other factors

COVID-19 Crisis: Foreign direct investments spiked in April 2021 in connection to CREATE Law, economic reopening and other factors

carlocarrasco

It’s been months since the last time I wrote about the Corporate Recovery and Tax Incentives for Enterprises act otherwise referred to as the CREATE Law. For the newcomers reading this, the CREATE Law was designed to cut down corporate income tax which should lead to the creation of new jobs and the attraction of investment in mind. The said law is really crucial in this COVID-19 crisis we are all still living with.

Recently, the Philippine News Agency (PNA) published an article stating that a huge rise of foreign direct investments (FDIs) in the country was realized this past April and the CREATE Law was one of the factors behind it.

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

An economist has attributed the rise of foreign direct investments (FDIs) in the country in April 2021 to the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law and the opening of the economy.

The Bangko Sentral ng Pilipinas (BSP) on Monday reported the 114.4-percent year-on-year jump of net FDI inflows to USD679 million last April from USD317 million in the same period last year.

In a report, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said lower interest rates and lower cost of some inputs like real estate property and leases are plus factors that enticed higher FDIs.

“Some foreign investors may have started to come in view of the progress made on the CREATE law, which was finally signed on March 26, 2021 and reduces corporate income tax rates to 25 percent for large corporations (from 30 percent) retroactive July 1, 2020, thereby narrowing the gap with the tax rates in other Asean/Asian countries, and also provides greater certainty on investment incentives, thereby helping attract more FDIs and making some foreign investors on the sidelines in recent months/years to become more decisive and finally bring in more FDIs into the country,” he said.

Ricafort said positive credit rating actions on the Philippines, which even got its first-ever A-level credit rating, A-, from the Japan Credit Rating Agency (JCR) in June 2020, also boosted investors’ sentiment on the domestic economy.

The positive credit rating actions, he said, “reflect improved international investor confidence in the country, manifesting the country’s improved economic fundamentals, as well as the country’s attractive demographics.”

These factors are, however, expected to be countered by the still high number of coronavirus disease 2019 (Covid-19) cases, aggravated by new variants that are reported to be more contagious.

Ricafort believes that higher government spending, especially on infrastructure, and the accommodative monetary policy by the Bangko Sentral ng Pilipinas (BSP) are seen to further support the rise in net FDIs.

The above article is indeed filled with good news that our nation badly needs, especially since there are still many millions more people around the country who have yet to get vaccinated and the fact that lots of businesses are still struggling. In recent times, patients under the A4 category have been gradually vaccinated for COVID-19 and that is a very good thing because it under that very category where the nation’s laborers are listed. There are still lots of unemployed workers out there who badly need vaccines and jobs, and it does not help that certain local government units (LGUs) had to temporarily suspend their local vaccination operations due to a lack of supply of vaccines. There are supposed to be around 13 million doses of vaccines to come into the Philippines this month, and so far some of that have arrived (click here, here and here).

More on economics, apart from the rise of FDIs last April, it was reported that the local demand for office space nationwide grew by 38% rising from 122,000 square meters (sqm) in the first quarter of 2021 to 169,00 sqm. in the second quarter. It was described to be the strongest office demand since the start of the pandemic.

Let me end this piece by asking you readers: Does the recent news about the sharp rise of FDIs in our country make you confident about your economic prospects? How much do you know about the CREATE Law and what further positive effects it can generate for the country? If you have been unemployed, how long have you been out of work?

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

+++++

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. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

Majority of Metro Manila Mayors support shift to MGCQ status by March 1, 2021

Majority of Metro Manila Mayors support shift to MGCQ status by March 1, 2021

carlocarrasco

President Rodrigo Duterte will have a big decision to make that will affect millions of residents and businesses in Metro Manila as a majority of the mayors voted to shift the metropolis from general community quarantine (GCQ) to modified general community quarantine (MGCQ) status by March 1, 2021, as based on a news release on Philippine News Agency (PNA) that got published just last night.

Here’s an excerpt from the PNA report:

The Metro Manila Council (MMC), composed of Metro Manila mayors and national government officials, has voted to support the proposed shift to the less restrictive modified general community quarantine (MGCQ) in Metro Manila.

“Ang karamihan po ng alkalde ng kalakhang maynila ay bumoto na MGCQ na po ang magiging posisyon nila pagdating sa Metro Manila (Most of the mayors in Metro Manila voted for having MGCQ as their position in Metro Manila),” Metropolitan Manila Development Authority (MMDA) chairman Benjamin “Benhur” Abalos Jr. said in a press conference on Thursday.

This, he said, will be sent to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) and to President Rodrigo R. Duterte who will make the final decision on whether to implement eased quarantine restrictions by March 1.

He declined to provide the actual number of votes the proposal received but said that all Metro Manila mayors will support the decision.

Indeed, Abalos did not reveal the number of Yes and No votes but the Manila Bulletin reported that the score among Metro Manila mayors was 9-8 in favor of MGCQ.

To put things in perspective, Metro Manila still has yet to adjust to MGCQ status. Metro Manila is the hot spot of multiple cities where a lot of residents as well as business entities of varied sizes are located at. Right now, the nation needs a major boost to its economy even as there is still the need to be vigilant to avoid new COVID-19 infections. Lots of people in the metropolis remain unemployed and badly need income, and having Metro Manila shift to MGCQ status will help revive other businesses and pave the way for more people to get back to work.

It would be nice to see the Metro Manila Council research more and observe closely how other cities and provinces are doing while maintaining MGCQ statuses for months already.

On a grander scale, the Department of Trade and Industry (DTI) supports the recommendation to have the entire nation placed under MGCQ status by March. The said recommendation was made by Acting Socioeconomic Planning Secretary Karl Kendrick Chua in recent times. Below is an excerpt from the PNA report:

“It is about time we move to MGCQ after a year of lockdown,” Lopez told reporters in a Viber message Tuesday. “Lockdown was supposed to buy us time to prepare our health system and improve contact tracing and ‘Trace-Test-Treat’.”

Since June 2020, the National Capital Region (NCR) has not graduated from GCQ status, a stricter community quarantine measure than MGCQ.

It even went back to much stricter modified enhanced community quarantine (MECQ) from Aug. 4 to 18 last year as health care facilities in Metro Manila were overwhelmed due to the increasing number of Covid-19 cases during that period.

“As the Philippines recovers, Metro Manila has a very weak recovery, worse in employment and hunger recovery, and that means more urban poor. The damages to malnutrition and other health and social issues will be irreversible,” Lopez said.

NCR accounted for around 40 percent of the Philippine gross domestic product (GDP).

But Lopez added the reopening of more economic activities should depend on the Covid-19 statistics.

As pointed out by Trade secretary Lopez, Metro Manila is lagging behind in terms of recovery from the pandemic. Apart from joblessness and lack of income, poverty in the National Capital Region is an important problem to solve. The more people fall under poverty, the more local government units (LGUs) need to exert and spend their limited resources to support them.

Right now, the Metro Manila Council’s approval of shifting to MGCQ status will soon be dealt with by the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) and President Duterte.

In ending this, here are some videos about combatting the China virus.

+++++

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 products, community group lauded in DOST Nat’l S&T Week

Muntinlupa products, community group lauded in DOST Nat’l S&T Week

carlocarrasco

072319
Muntinlupa City Mayor Jaime Fresnedi (4th from left) congratulates Muntinlupa winners in the 2019 National Science and Technology Week by DOST during the city’s flag raising ceremony last July 22. The mayor lauded Dielles Apiary and Meadery Inc. and Muntinlupa Southville 3 Homebased Producers Association Inc.  for winning Best Packaging and Labelling Innovation, Small Enterprise Technology Upgrading Program and Community Empowerment thru Science and Technology Program categories in the 2019 NSTW. Also present were: (L-R) DOST MuntiParLas Cluster Director Kim Atienza, Muntinlupa City Technical Institute Director Francisco Santella, Muntinlupa SHBPAI president Nympha Palafox and Councilor Raul Corro. (source – City Government of Muntinlupa)

The City of Muntinlupa made waves in the field of science and technology recently as Muntinlupa-based wine maker Dielles Apiary and Meadery, Inc. and Southville 3 Homebased Producers Association Inc. (SHBPAI) snagged three major awards in the recently held 2019 National Science and Technology Week (2019 NSTW) by Department of Science and Technology (DOST).

As a result, Mayor Jaime Fresnedi formally congratulated Dielles Apiary and Meadery, Inc. and SHBPAI whose officials were presented before City Government officials at the grounds of City Hall during the July 22 flag raising ceremony.

To put things in perspective, the 2019 NSTW showcased the latest innovations in technologies, products, and research that contribute to national development. During that particular showcase, Dielles Apiary and Meadery, Inc. won the Best Packaging and Labelling Innovation in the regional and national level. Further, it also represented NCR as the regional winner in the Small Enterprise Technology Upgrading Program national category.

For its part, SHBPAI emerged as the winner in the Community Empowerment thru Science and Technology or CEST Program in NCR and became the finalist in the national category.

Dielles Apiary and Meadery, Inc. and Muntinlupa SHBPAI received S&T assistance such as package development, training, laboratory and consultancy services from DOST to improve their operations and boost their productivity and competitiveness.

Dielles Apiary and Meadery, Inc. owner Luke Deogracias Macabbabad, also a beneficiary of the City Government’s zero-interest loan assistance, expressed his thanks to the City Government for its assistance to local Micro, Small, and Medium Enterprises. Also present during the same ceremony SHBPAI president Nympha Palafox and DOST MuntiParLas Cluster Director Kim Atienza.

In line with the DOST’s thrust, Muntinlupa City supports budding entrepreneurs and MSMEs to scale up their businesses through various programs, having the Tulong Negosyo zero-interest loan assistance as the flagship project which provide financial assistance from 2,000 up to 150,000 pesos depending on business capital ceiling and payment record.

The DOST and the City Government continuously work towards providing innovative solutions for the communities. DOST MuntiParLas Cluster Office is located at Muntinlupa City Technical Institue in San Guillermo St., Barangay Putatan.

+++

 

 

Muntinlupa City Government Praised for Business Friendliness

Muntinlupa City Government Praised for Business Friendliness

carlocarrasco

Muntinlupa City Government Praised for Business Friendliness

During a consultation meeting and presentation of local medium and long-term development plans held at Vivere Hotel, Filinvest City, Alabang in Muntinlupa City, the members of the business community lauded the local initiatives of City Government of Muntinlupa.

IT and Business Process Association of the Philippines Executive Director for External Affairs and Investor Relations Nicki Agcaoili praised Muntinlupa LGU for facilitating a “business-friendly environment” in the city.

“Among other LGUs in the region, Muntinlupa City is the easiest to transact with,” Agcaoili said during the July 12 event.

Agcaoili also noted how they have achieved and exceeded targets after locating in the city.

Mayor Jaime R. Fresnedi expressed his thanks to business executives who attended the consultation meeting and vowed to strengthen partnership with them. This was affirmed by City Councilor Raul Corro who expressed the City Council’s commitment to address the business sector’s needs through local legislation.

For their part, City Government officials presented the projects to be implemented over next three years. Private sector execs expressed their feedback in a focus group discussion.

The consultation meeting was facilitated by the Business Permits and Licensing Office and the Local Economic and Investments Promotions Office.

In 2017 and 2018, the Philippine Chamber of Commerce and Industry hailed Muntinlupa City as the Most Business-Friendly LGU in the country. This established the city as the standout city for business in South Metro Manila.

A pioneer in the EODB Act, the City of Muntinlupa is the first local government unit (LGU) to introduce the Single Window Transaction – Modified Business One-Stop Shop, a single-interface business-registration process in which a business permit registration application can be finished in up to 15 minutes only.

MSME development is also a priority in the city through the Tulong Negosyo program (formerly Dagdag Puhunan program) which offers zero-percent interest loan assistance from 2,000 to 150,000 pesos.

On top of financial assistance, the local government provides coaching and mentoring sessions to budding entrepreneurs which include business legal management, accounting for non-accountants, and financial management, among others.

The City Government organizes business forums to determine the business sector’s inputs and feedback on development agendas. This in turn helps the City Government address their needs.

+++