jobs – Page 8 – Author Carlo Carrasco

Independence Day job fair in Las Piñas City shopping mall draws almost 700 applicants

June 20, 2025June 15, 2025carlocarrasco

Recently in the City of Las Piñas, a job fair that took place on June 12, 2025, inside Robinsons Las Piñas (AKA Robinsons Place Las Piñas) attracted almost seven hundred applicants resulting in the on-the-spot hiring of thirty-four, the City Government announced via social media.

To put things in perspective, posted below is an excerpt from the social media post of the City Government. Some parts in boldface…

Robinsons Las Piñas served as one of two venues for the simultaneous Independence Day Job Fair organized by the Las Piñas Public Employment Service Office on Thursday, June 12. A total of 698 applicants participated in the activity, which featured local companies and employment agencies actively recruiting for various positions.

Out of those who applied, 34 were hired on the spot following initial screenings and interviews conducted by participating employers. The event aimed to support the city’s jobseekers in securing stable employment and was part of Las Piñas’ broader observance of the 126th Independence Day.

Mayor-elect April Aguilar acknowledged the efforts of PESO and partner employers in bringing opportunities directly to the community.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Do you want to see more job fairs held within the city for the rest of the year?

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

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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 engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

SEC approves P6.26 billion deal between Filinvest Land and FILRT, Festival Mall ownership included in deal

June 5, 2025May 30, 2025carlocarrasco

Following the huge deal between Filinvest Land. Inc. (FLI) and Filinvest REIT Corporation (FILRT) and the deed of exchange signed by the two corporations over the ownership of Festival Mall, the Securities and Exchange Commission (SEC) officially approved the P6.26 billion deal putting it closer to completion, according to a Manila Bulletin business news report.

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

The Securities and Exchange Commission has approved the valuation of the ₱6.26 billion property of Filinvest Land Inc. to be acquired by Filinvest REIT Corporation (FILRT) via an asset-for-share swap, putting it a step closer to completion.

In a disclosure to the Philippine Stock Exchange, FILRT said it has received from the SEC the Certificate of Approval of Valuation for its property-for-share swap with FLI under which LI will transfer its ownership over the Festival Mall – Main Mall, consisting of a building and certain machinery and equipment in favor of FILRT.

Festival Mall-Main Mall which is located in Filinvest City, Alabang, Muntinlupa City, consists of a building with gross leasable area of 121,862 square meters.

In return, FILRT will issue to FLI 1.63 billion primary common FILRT shares at an issue price of ₱3.85 per share under the Memorandum of Agreement and the Deed of Exchange both dated March 5, 2025.

The Transaction Price was set at a 30 percent premium over FILRT’s 30-day volume-weighted average price of ₱2.94 per share, which is within the range of fair values provided for in FTI Consulting Philippines, Inc.’s Fairness Opinion.

FILRT’s Related-Party Transaction Committee and Board of Directors unanimously approved the Transaction at their special meeting on January 24, 2025, and it was subsequently approved by FILRT’s stockholders during their special meeting on March 4, 2025.

The acquisition of the Property will increase FILRT’s total gross leasable area by 37 percent to 452,310 sq.m. This likewise will improve occupancy from 83 percent to 88 percent and extend the weighted average lease expiry (WALE) from 7.3 to 14.6 years. This will also increase FLI’s equity in FILRT from 51.06 percent to 63.27 percent.

The Transaction allows FILRT to diversify its income sources by integrating retail mall properties into its portfolio. Prior to the infusion, 91 percent of the GLA of FILRT are office buildings.

Post infusion, the portfolio mix of FILRT will be 67 percent offices, six percent hospitality (Crimson Boracay lot) and 27 percent retail (Festival Main Mall).

The infusion of income-generating retail mall assets is expected to result in an increase in FILRT’s distributable income.

Let me end this post by asking you readers: What is your reaction to this recent development? With the approval of the SEC, do you think the big deal between FLI and FILRT will be beneficial not only for the parties and shareholders involved, but also for those who spend time and money at Festival Mall? Did you notice any trends or serious changes at Festival Mall since FILRT became the new owner?

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

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

Parañaque Congressman-elect Yamsuan aims to reduce people’s dependence on ayuda by locally implementing government livelihood programs

May 26, 2025May 21, 2025carlocarrasco

Parañaque City’s incoming 2^nd District Representative Brian Yamsuan aims to reduce people dependence on ayuda (dole outs) as he stepped up the implementation of the government’s livelihood programs, according to a Manila Bulletin news report. Part of his efforts include the refiling of bills in the next Congress.

For context about what happened in the recent elections, Yamsuan ran under the Team Pag-Asa banner and his teammates include Vice Mayor-elect Benjo Bernabe, and the re-elected City Councilors Tess de Asis, Binky Favis and Shannin Olivarez. Yamsuan won over 2^nd District Representative Gus Tambunting with a lead of almost ten thousand votes. The 2^nd District includes the very large Barangay BF Homes, BF Homes subdivision and Tahanan Village. To learn more about Yamsuan, check out his Facebook page by clicking https://www.facebook.com/congbrianyamsuan

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

Parañaque City 2nd district Representative-elect Brian Raymund Yamsuan has stepped up the implementation of the government’s livelihood programs in a bid to reduce district folk’s dependence on “ayuda” or dole outs.

Yamsuan said he has begun exploring tie-ups with non-government organizations (NGOs) to assist in training qualified beneficiaries of his “Dagdag-Puhunan” and “Bigay-Negosyo” entrepreneurship programs.

The solon, who represents Bicol Saro Party-list in the 19th Congress, has been implementing these in the district since last year in coordination with the Department of Labor and Employment (DOLE).

Yamsuan also said he will re-file bills in the incoming 20th Congress that aim to create local job facilitation offices for senior citizens and persons with disabilities (PWDs), and promote entrepreneurship by creating a sustainable financing program for micro and small enterprises, to name a few.

“Ang kailangan natin mabigyan ng mga oportunidad ang mga tao na umangat ang kanilang estado ng pamumuhay. Hindi yung basta magbibigay lang tayo ng ayuda ng walang follow-through. Ang pagbabago magsisimula rin sa mga tao mismo. Bibigyan natin sila ng oportunidad para magtiwala sila sa kanilang sarili na makapagbago at mag-rely sa kanilang kakayahan sa halip na umasa na lamang sa ayuda,” Yamsuan said in a recent media interview.

(What we need is to provide opportunities for people to elevate their standard of living, instead of just giving dole outs without any follow-through. Change will start with the people themselves. We will provide them the opportunity so that they will have the confidence to change and rely on their capabilities instead of just depending on dole outs.)

This “follow through” involves providing livelihood training and seminars for ‘ayuda’ beneficiaries to encourage them to set up micro businesses and “graduate” from being doleout recipients, he said.

Yamsuan said his Dagdag-Puhunan and Bigay Negosyo programs provide comprehensive livelihood training for applicants before they can qualify as beneficiaries.

These programs will be enhanced to include financial literacy seminars to educate people on how to prudently save, spend or invest their ayuda or earnings from livelihood programs.

“Ang ‘ayuda’ kailangan pa rin yan ng ating mga mahihirap na kababayan, kasi pantawid nila yan (Our poor countrymen still need dole outs because it will serve as a lifeline for them),” But we will teach them how to use it wisely. The same goes for those who have received assistance through our livelihood programs,” Yamsuan said.

Yamsuan said his twin programs can lead to success stories if beneficiaries use the funds given to them wisely.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think incoming District 2 Representative Yamsuan will be able to implement socio-economic reforms for his constituents? Do you think that the 2^nd District of Parañaque could experience a new wave of economic improvements over the next three years? Do you believe now is a good time for Filipinos to become less dependent on government-provided cash assistance?

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 trade officials meet with Pan Pacific International Holdings Corporation (PPIH)

May 25, 2025May 21, 2025carlocarrasco

Recently officials of the Department of Trade and Industry (DTI) met with the executives of Pan Pacific International Holdings Corporation (PPIH) – the company behind the popular Don Quijote stores – and they discussed opportunities of trade expansion, according to a news article by the Philippine News Agency (PNA).

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

Trade Secretary Cristina Roque has met with executives of Pan Pacific International Holdings Corporation (PPIH) to expand trade opportunities for Philippine products.

PPIH is the Japanese retail powerhouse behind Don Quijote and Don Don Donki store chains.

In a statement on Tuesday, DTI said the meeting, held on May 19 in Tokyo, centered on expanding the sourcing of Philippine products for inclusion in PPIH’s global store network, particularly in Japan, the United States, and other Asian markets.

The recent engagement with PPIH officials is in line with President Ferdinand R. Marcos Jr.’s directive to deepen trade and investment ties with key global partners, with the representatives from both parties eyeing collaborative solutions to address regulatory and packaging requirements, facilitating smoother entry of Philippine products into foreign retail markets.

During the meeting, PPIH expressed strong interest in increasing the visibility of Filipino-made goods in their retail ecosystem, both as standalone Philippine-branded products and as ingredients or components for Japanese-packaged offerings tailored to local markets.

PPIH identified food and wellness items, natural and sustainable home goods, and unique lifestyle products as key areas of sourcing interest.

They also expressed interest to connect directly with more Philippine exporters and manufacturers, beyond current intermediaries, to gain better access to new and trending products.

“We welcome every opportunity to introduce Filipino products to the world — especially through partners who share our commitment to innovation, inclusion, and excellence. As we work toward a more dynamic and future-ready Bagong Pilipinas (New Philippines), engagements like this underscore our dedication to creating new market avenues for Filipino enterprises,” Roque said.

DTI said that while PPIH noted that opening a Donki store in the Philippines remains a long-term consideration, executives acknowledged that a successful sourcing partnership with the Philippine government and exporters could play a significant role in including the Philippines in future regional expansion plans.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think that PPIH will proceed with trade expansion opportunities with the Philippines this year? Do you think that a strategic partnership will be realized 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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Government Internship Program institutionalized in Muntinlupa City

April 22, 2025April 22, 2025carlocarrasco

Recently in the City of Muntinlupa, the City Government enacted an ordinance which effectively institutionalized the Government Internship Program (GIP), according to a Manila Bulletin news report. Mayor Ruffy Biazon signed the ordinance into law on April 10.

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

The Muntinlupa City government has enacted an ordinance institutionalizing and localizing the Government Internship Program (GIP), which offers up to six months of paid public service internships to high school graduates.

Ordinance No. 2025-332, or the Muntinlupa City Government Internship Program (MC-GIP), was enacted by the Muntinlupa City government on March 31 and signed by Mayor Ruffy Biazon on April 10.

The ordinance stated that “in recognition of the potentials of young workers in the development of the Muntinlupa City Government, there is a need to institutionalize the Government Internship Program (GIP) that directly supports and contributes to the goal of inclusive growth through employment generation.”

“One of the 7K agendas of our Honorable Mayor Rozzano Rufino B. Biazon is ‘Kaunlaran’ to work towards the further development and progress of Muntinlupa City. Human resource development in government shall be given focus to attain high performance standards in public service,” it added.

Public service, under the ordinance, “refers to the service provided by the government, such as hospitals, schools, or the police, or the work that the government does.”

The duration of the internship agreement will be from three to six months.

Each GIP beneficiary in Muntinlupa will receive “a daily allowance equivalent to the prevailing and applicable daily minimum wage rate in the National Capital Region for the services rendered” and a monthly transportation allowance of P500.”

Each GIP applicant should be a resident and registered voter of Muntinlupa City, between 18 to 30 years old, at least a graduate of high school/senior high school or its equivalent level under the Alternative Learning System or technical-vocational graduate, and has no work experience.

Applicants need to submit their resume, two photocopies of valid ID, two photocopies of updated Muntinlupa Care Card, a 2 x 2 picture, certified true copy of diploma, certified true copy of transcript of records, and certificate of indigency from the barangay.

The Muntinlupa Public Employment Service Office (PESO) will implement the GIP while the Bureau of Local Employment (BLE) will be “responsible for the overall management of the Muntinlupa City Government Internship Program (MC-GIP).”

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you agree with the details behind the ordinance of GIP in the city?

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

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Thai-led oil firm announces P1.5 billion, 5-year expansion in the country

April 17, 2025April 11, 2025carlocarrasco

The Thai-led oil firm PTT Philippines recently announced that it will expand its operations in the country over the next five years with P1.5 billion worth of investments, according to a Manila Bulletin news report. The expansion includes putting up new fuel stations.

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

In a briefing on Friday, April 11, PTT Philippines officials said the company is eyeing to increase its fuel stations to 280 within the next five years.

Athiwat Rattanakorn, president and chief executive officer of PTT Philippines, stated that the oil firm aims to improve its nationwide presence, particularly focusing on establishing more stations in Luzon and Visayas.

Currently operating 170 stations throughout the Philippines, PTT plans to not only boost its pumping stations but also increase the brand’s presence.

The firm has also introduced a reformulated line of fuel brands, namely Power+ gasoline, Eco+ gasoline, Ultra+ diesel, and Save+ diesel.

“This is going to redefine high-performance fuels as they are intended to improve driving experience not only in terms of mileage but also the cleaning and protection formula for the engine to last longer,” Rattanakorn said.

Apichate Thipphayakosai, supply and logistics director of PTT Philippines, clarified that while they’re only aiming to add around 110 stations in the next five years, they’re focused on the aviation industry.

“We don’t go aggressively on the number of stations… We have to invest effectively in terms of that one,” he told reporters. “But one other thing that can be the mainstream of revenue of PTT Philippines is aviation. We can say that [for] most of the domestic flights.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think this new plan by PTT will make the Philippines a more attractive destination for foreign investors? Is there a PTT fuel station near you right now?

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 unemployment rate down in February 2025

April 14, 2025April 9, 2025carlocarrasco

The Philippine Statistics Authority (PSA) revealed recently that the unemployment rate of the Philippines fell down to 3.8% this past February from 4.3% the previous month, according to a Philippine News Agency (PNA) news article.

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

The country’s unemployment rate fell to its lowest level in three months, data from the Philippine Statistics Authority (PSA) showed.

In a briefing on Tuesday, National Statistician Dennis Mapa said preliminary results of the latest Labor Force Survey showed that the unemployment rate further declined to 3.8 percent in February this year from 4.3 percent the previous month. It was the lowest rate since the 3.1 percent recorded in December last year.

Mapa said the number of unemployed Filipinos declined to 1.94 million from 2.16 million in January this year.

Employment rate on the other hand, rose to 96.2 percent in February this year from 95.7 percent the previous month.

Mapa said the number of employed Filipinos went up to 49.15 million, higher than the 48.49 million and 48.95 million recorded in January this year and in February 2024, respectively.

Industries which recorded the largest increase in employment include accommodation and food service (+377,000), fishing and aquaculture (+365,000), public administration and defense (+330,000), construction (+258,000), and other service activities (+232,000).

Mapa said preparations for the midterm elections and summer holidays helped increase employment in accommodation and food service and other service activities.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be more than enough job opportunities for the unemployed throughout the year? Do you think the Philippine economy will grow strongly to sustain new job creation until the end of 2025?

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

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DOT points to VAT refund for foreign tourists as factor for growth this year

April 13, 2025April 8, 2025carlocarrasco

By pointing to the VAT refund for foreign tourists (click here and here), the Department of Tourism (DOT) is looking forward to growth in tourism revenue this year, according to a BusinessWorld news report.

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

THE Department of Tourism (DoT) said tourism revenue is expected to rise this year, aided by the new tax refund for tourists.

“2024 was a banner year for Philippine tourism, with international spending reaching around P760 billion, a 126% recovery rate (from pre-pandemic levels). Our goal was always to exceed that, which we achieved the previous year,” Tourism Secretary Ma. Esperanza Christina G. Frasco said on Monday.

She said that the value-added tax (VAT) refund for foreign tourists and DoT’s collaboration with the Department of Trade and Industry (DTI) will encourage more visitor spending.

She added such measures will allow the country “to exceed its international visitor receipts as well as domestic tourism receipts from the year before.”

On Monday, the DTI and DoT signed a memorandum of agreement (MoA) to strengthen coordination in promoting tourism-related industries, participate in joint trade and tourism missions, develop sustainable tourism-related enterprises, and encourage the growth of micro, small and medium enterprises (MSMEs).

“Through this MoA, we will give our tourism MSMEs the platform to avail of the programs of the DTI, especially in supporting the expansion of their livelihood and businesses,” Ms. Frasco said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the VAT refund for tourists will actually result in an increase of tourism revenue in the Philippines this year?

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

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PEZA investment pledges jump 249% in January-March 2025

April 8, 2025April 2, 2025carlocarrasco

The Philippines is enjoying a surge of investment pledges in the Philippine Economic Zone Authority (PEZA) with a 249% jump in the first quarter of 2025, according to a Philippine News Agency (PNA) news article. The surge is expected to create many new jobs.

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

Investment pledges in the Philippine Economic Zone Authority from January to March 2025 hit PHP58.95 billion, 249 percent higher than the PHP13.95 billion project registrations in the same period in 2024.

PEZA reported Wednesday that the pledges came from 66 projects that registered with the investment promotion agency (IPA) in the first quarter of the year.

These new and expansion projects are expected to generate 15,815 direct jobs and contribute an additional USD497.46 million to export revenues.

“PEZA’s continued upward trajectory reflects our strong commitment towards investment promotion and facilitation, coupled with our most generous fiscal incentives under the CREATE MORE, and the other advantages placing the Philippines in a sweet spot for economic growth and development,” PEZA Director General Tereso Panga said.

“PEZA continues to play a vital role in advancing the country’s economic resilience through sustained job creation, increased exports, and enhanced investment attraction,” he added.

Twenty-four projects that were registered with PEZA in Q1 2025 are manufacturing activities and another 24 are in information technology and business process management.

Ecozone development and domestic enterprises got seven projects each, while utilities and facilities activities registered two projects each.

A big chunk of PEZA-approved investment in Q1 2025 are for Calabarzon (32 projects), followed by National Capital Region (12), Central Luzon (eight), Central Visayas (eight), Davao Region (two), Ilocos Region (two), Northern Mindanao (one), and Western Visayas (one).

To date, PEZA approved PHP49.81 billion worth of big-ticket projects, or those with investments exceeding PHP1 billion.

For March alone, the PEZA board approved 27 projects with total investments of PHP6.01 billion.

Two big-ticket projects were also approved last month with aggregate pledges of PHP2.62 billion for a water treatment facility in Batangas and a coconut milk manufacturing facility in Misamis Oriental.

“We are bullish that we will sustain this upward trajectory coming into the 2nd quarter of the year as we intensify our investment promotion initiatives partnered with the CREATE MORE incentives, the most generous fiscal incentives among ASEAN to date,” Panga said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the strong surge of investments in PEZA will continue to last throughout the year? Do you think the Philippine economy will grow beyond 6% this year?

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

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UBS Investment Bank Global Research economist sees Philippine economy growing by 5.9% this year

March 5, 2025February 26, 2025carlocarrasco

A senior economist of the UBS Investment Bank Global Research stated that the economy of the Philippines will grow better this year by 5.9%, according to a Philippine News Agency (PNA) news article. In 2024, the economy grew by 5.6%.

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

Philippine economic growth is expected to accelerate this year on the back of higher investments and consumption, an economist of UBS Investment Bank Global Research said.

In a virtual briefing on Wednesday, UBS Investment Bank Global Research Senior ASEAN and Asia Economist Grace Lim said the Philippine economy is projected to grow by 5.9 percent this year from 5.6 percent in 2024.

“We see an improving growth outlook for the Philippines,” Lim said. “The underlying positive growth delta is driven by domestic demand as both investment and consumption accelerate in 2025.“

She said private investments would recover gradually as financial conditions become less restrictive and consumer sentiment gradually picks up. Solid labor income growth and the easing of food inflation will also help boost consumption growth.

“Consumption, as well, is likely to be positive amidst the improving fundamentals and the resilient labor market, which, I should add, is one of the most significant support for Philippines demand,” she said.

Lim said government spending and the continued growth in services exports would also support economic growth.

“What is also often underappreciated is the bright spot of services exports, especially in the BPO sector,” she said.

Lim said she expects the country’s BPO sector to remain resilient this year.

Higher tariffs – Asked about the impact of tariff trade escalation on the Philippine economy, Lim said the Philippines is in a “rather defensive market in the event of potential trade tariff escalation.”

“That’s because the Philippines is primarily domestic-oriented with investment as a percentage of GDP 23 percent, consumption over 70 percent. So not very trade-exposed,” she said.

She pointed out that in the case of trade tariff escalation, the Philippine peso could also be a relative outperformer in the region.

“That said, we do think that if tariffs are universal, then obviously there could be weaker prospects for currencies in general, but even in that scenario, it would not be a very big depreciation,” she said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippine economy has what it takes to grow by at least 5.9% this year? Do you think that the national economy can withstand the effects of new tariffs?

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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