journalism – Page 13 – Author Carlo Carrasco

Las Piñas City Mayor expresses thanks to local rescuers and volunteers who worked during Typhoon Kristine

November 4, 2024October 28, 2024carlocarrasco

Recently in the City of Las Piñas, Mayor Imelda Aguilar expressed her thanks to the local rescuers and volunteers who took part in helping almost five hundred families whose lives were severely disrupted by Typhoon Kristine, according to a Manila Bulletin news report.

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

Las Piñas City Mayor Imelda Aguilar thanked rescuers and volunteers for swiftly acting to evacuate 489 families affected by Severe Tropical Storm Kristine.

Aguilar was grateful to the rescuers composed of the Disaster Risk Reduction and Management Office (DRRMO), the City Health Office (CHO), the City Social Welfare and Development Office (CSWDO), and volunteers for immediately evacuating residents who were staying in low-lying areas and bringing them to evacuation centers.

She said Vice Mayor April Aguilar led the distribution of essential aid, like modular tents to evacuees, cooked meals, and relief items to families affected by Kristine.

The mayor said families at the evacuation sites were also given prophylactic medicine for leptospirosis, distributed vitamins, free medical check-ups, and essential medications and face masks by the CHO team led by Dr. Julie Gonzalez.

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 think the local rescuers and volunteers did a good job helping the typhoon victims? Do you wish to the see the City Government focus more on flood-prevention programs?

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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Chinese nationals arrested in Parañaque City for various violations

November 3, 2024October 27, 2024carlocarrasco

Recently in the city of Parañaque, three Chinese nationals got apprehended by the local police for different violations that include illegally possessing guns and violating the land transportation code, according to a Manila Bulletin news report.

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

Three Chinese nationals were arrested by members of the Parañaque City Police Tambo Substation for illegal possession of drugs, firearms and for violations of the land transportation and traffic code on Thursday, October 24.

Southern Police District (SPD) Director Brig. Gen. Bernard Yang said the suspects, identified as alias “Zhenhua,” 30, alias “Zhi,” 29, and alias “Miu,” 26, were arrested at around 7:58 a.m.

They were spotted by patrolling policemen acting suspiciously and changing the plate number of two vehicles.

The police said that when requested to present documents for the two vehicles, the suspects failed to show any and attempted to flee leading to a brief chase and to their eventual arrest.

The police recovered from Zhenhua 25 grams of shabu worth P197,000 and one Bersa caliber .380 pistol. The same amount of shabu was also recovered from alias Zhi. Alias Miu yielded P120,000 worth of marijuana and a .9mm pistol.

The police also recovered from the suspects six different license plates and tools including handcuffs and shovels.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there are still a lot of Chinese nationals violating laws within the city? What do you think makes Parañaque such a hot spot of criminal activities involving Chinese nationals?

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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Eight foreigners (suspected scammers) arrested inside Ayala Alabang Village

November 2, 2024October 24, 2024carlocarrasco

Recently in the progressive City of Muntinlupa, eight foreigners – seven Chinese nationals and one Vietnamese citizen – suspected for scamming got arrested inside a house in Ayala Alabang Village as a result of an operation by elements of the Bureau of Immigration (BI), National Bureau of Investigation (NBI) and the Presidential Anti-Organized Crime Commission (PAOCC), according to a Malaya Business Insight news report.

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

SEVEN Chinese and a Vietnamese suspected as scammers were arrested in an operation in Ayala Alabang Village in Muntinlupa City, the Department of Justice said yesterday.

In a statement, the DOJ said the operation, carried out with the Bureau of Immigration, National Bureau of Investigation and the Presidential Anti-Organized Crime Commission, stemmed from information provided by residents and corroborated by intelligence regarding the presence of the foreigners in the posh village.

The DOJ said three Chinese were initially nabbed, two of whom were found to be overstaying in the country, while the other one could not present any documentation.

It said one of the three served for a time as a manager of a Philippine Offshore Gaming Operator (POGO) hub in Porac, Pampanga.

“Upon entry, there was a live computer operated by a Chinese individual. When read by an interpreter, the screen showed scripts used in a standard phishing scam,” the DOJ said, adding operatives also found a voice-over IP, an equipment usually used in telephone scams to avoid detection.

Four Chinese and the Vietnamese were later arrested.

The DOJ said four failed to present documentation and were considered illegally staying in the country.

“One Chinese national, though not lacking in documentation, is suspected to have harbored the illegal aliens in violation of immigration laws,” the DOJ said.

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, are you concerned that scammers from overseas could be living somewhere in your local community secretly doing illegal operations? Do you think that foreign POGO workers could be secretly staying in your village right now? Do you think the seven arrested Chinese nationals could be spies of Communist China?

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

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Man arrested in Parañaque City for stealing motorcycle and carrying a replica gun

October 31, 2024October 21, 2024carlocarrasco

Recently in the city of Parañaque, a man who stole motorcycle was arrested by the police who in turn responded to a victim who sought their assistance, according to a Manila Bulletin news report.

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

A drug suspect was arrested by patrolling members of the Parañaque city police Substation 2 on Sunday, October 20.

According to the Southern Police District (SPD), the suspect identified as alias “Oliver,” 33 ws arrested at around 1:10 a.m. along Roxas Boulevard, Southbound, Barangay Tambo, Parañaque City.

Investigation showed the victim, a female call center agent was seen by patrolling policemen who was frantically signaling for assistance.

The victim told police that she was threatened by the suspect with firearm and forcibly took her motorcycle.

The police said operatives from Substation 2 immediately responded and with the (victim’s) assistance was able to block and apprehended the fleeing suspect.

Recovered from the suspect were 20 grams of shabu worth P136,000, a replica .45 caliber pistol and the stolen motorcycle.

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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Las Piñas City Councilor Santos asks DENR to authorize P103.8 billion Las Piñas-Parañaque reclamation plan

October 31, 2024October 24, 2024carlocarrasco

In recent times, Las Piñas City Councilor and congressional candidate Mark Santos formally asked the Department of Environment and Natural Resources (DENR) to authorize the Las Piñas-Parañaque Coastal Bay Reclamation Project of the national government which is worth over P100 billion, according to a Manila Standard news report.

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

Las Piñas City Councilor and congressional candidate Mark Anthony Santos asked the Department of Environment and Natural Resources (DENR) to authorize the P103.8-billion Las Piñas-Paranaque Coastal Bay Reclamation Project of the national government.

Santos said the clearance to proceed with the project remained unresolved by the members of DENR’s Protective Area Management Board, despite the SC decision three years ago.

“The status of the project remains at the detailed engineering stage,” he said.

Santos said that in an en banc decision on Oct. 21, 2021, the Supreme Court, voting 11-2, approved the reclamation project of around 530 hectares of the Manila Bay coastline in Las Piñas- Parañaque, ruling that the supposed threat to environment was not sufficiently established.

Alltech Contractors proposed the project to develop 321.26 hectares of land in Las Piñas and 174.88 hectares in Parañaque, both along the coastline of Manila Bay in 2009. The Philippine Reclamation Authority approved the project in 2010 subject to compliance to environmental rules.

Alltech submitted an amended environmental performance report management plan (EPRMP) in December that year and expanded the project to cover 203.43 hectares in Parañaque and 431.71 hectares in Las Piñas.

The DENR-Environmental Management Bureau issued the environmental compliance certificate (ECC) for the project In March 2011, after Alltech Contractors submitted scientific and expert studies that assessed the potential flooding and flushing impact that may arise from the coastal bay project.

The SC decision suggests that the city government of Las Piñas may proceed with the reclamation project despite residents’ objections, said Santos.

Santos said the city councils of Las Piñas and Parañaque issued the corresponding resolutions authorizing their respective city mayors to explore the proposal under a joint venture agreement (JVA).

The cities of Las Piñas and Parañaque eventually accepted Alltech’s proposal, and the parties executed their respective JVAs, he said.

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 think it is high-time for the reclamation in Las Piñas to proceed?

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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Ayala-Mitsubishi deal likely to boost GCash IPO

October 30, 2024October 21, 2024carlocarrasco

If things go well, the recent deal made between Ayala Corp. and Japan’s Mitsubishi Corp. will likely boost the anticipated initial public offering (IPO) of e-wallet entity GCash, according to a BusinessWorld news report referencing analysts.

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

THE RECENT deal between Ayala Corp. and Japan’s Mitsubishi Corp. is likely to increase the valuation of the anticipated initial public offering (IPO) of the electronic wallet GCash, according to analysts.

On Friday last week, Ayala Corp. announced that it was selling its 50% stake in AC Ventures Holding Corp. (ACV) to Mitsubishi for a minimum of P18.4 billion.

ACV owns 13% of Globe Fintech Innovations, Inc. (Mynt), which has two fintech companies, G-Xchange Inc., the operator of GCash, and Fuse Lending, a tech-based microlender.

“The deal reinforces the value of Mynt for its future IPO. With key investors coming in at a valuation of around $5 billion, Mynt is poised for an IPO at a much higher valuation,” Chinabank Capital Corp. Managing Director Juan Paolo E. Colet said in a Viber message.

GCash previously said it was planning an IPO but would wait for a more favorable market.

According to Mr. Colet, the IPO could happen as early as next year depending on market conditions.

“I can see the IPO within the next two to three years. Perhaps as soon as next year if market conditions are very good,” he said.

“So far, it seems Globe wants a local IPO for Mynt. But it would be better if they do a dual listing in the Philippines and a larger stock market to get the best of both worlds,” he added.

Globalinks Securities and Stocks, Inc. Trader Mark V. Santarina said in a Viber message that the deal helps GCash’s international expansion plans.

GCash services are available in 16 countries, including the United States, United Kingdom, United Arab Emirates, Italy, Australia, Canada, Germany, and other Asian countries.

“For GCash, Mitsubishi’s entry paves the way for potential international expansion, particularly into Japan, and may boost its service offerings in microlending and financial technology,” he said.

“While GCash is considering overseas listings for its IPO, there is still hope it may choose to list on the Philippine Stock Exchange (PSE) instead, which would be a significant win for the local market,” he added.

AP Securities, Inc. Research Head Alfred Benjamin R. Garcia said in a Viber message that the deal could help improve other Ayala ventures.

“With its entry into ACV, Mitsubishi is not only buying into GCash but also into other ventures under ACV like Gogoro and Zalora. We believe Mitsubishi’s expertise can help improve these businesses and maybe even accelerate the expansion of GCash into Japan,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think an IPO of GCash could happen sometime in 2025? Are you an investor waiting for the GCash IPO to happen?

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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To lure younger investors, BPI Wealth to launch new mutual fund

October 29, 2024October 21, 2024carlocarrasco

BPI Wealth – the wealth management arm of the Bank of the Philippine Islands (BPI) – will establish a new mutual fund to lure in young and tech-savvy investors, according to a Manila Bulletin business news report.

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

Amid favorable conditions for long-term investments, the wealth-management arm of Ayala-led Bank of the Philippine Islands (BPI) will roll out before this year ends a new mutual fund eyeing young and tech-savvy investors.

BPI Wealth personal wealth head Irene Ang told a press briefing on Friday, October 18, that the forthcoming BPI Wealth Builder Multi-Asset Mutual Fund Inc. is expected to be approved “soon” by the Securities and Exchange Commission (SEC), which regulates mutual funds, for it to be sold to the public.

This first-of-its-kind balanced, global-based and peso-subscription and -redemption fund aims to convince millennials and the Gen X generation in the country to invest and prepare for their retirement, Ang said.

Among the innovative and unique features of this mutual fund include availability for a minimum of only P1,000; accessibility on BPI’s online platforms and accredited channels to conveniently open an investment account, monitor investments, and receive cumulative rewards and benefits at no extra cost; as well as an automated and automatic top-up system allowing additional investments of at least P100 monthly.

Ang is optimistic that up to P1-billion investments in their upcoming newest mutual fund would be “easy.”

BPI Wealth president and chief executive officer (CEO) Maria Theresa D. Marcial noted that among their investors, those who onboarded via digital channels continued to engage more regularly than branch-opened accounts.

“We should push more into digital initiatives,” said Marcial, who is spearheading BPI’s “Wealth Wellness Month” this October to promote financial inclusion and literacy as well as opportunities for small investors.

Marcial disclosed that as of end-September, BPI Wealth’s assets under management (AUM) rose to a new high of P1.4 trillion, from P1.2 trillion in end-2023.

On top of the earlier goal of 20-percent AUM increase for this year, Marcial said a further 15-percent growth next year will be “reasonable.”

BPI Wealth targets P3 trillion in AUM by 2026.

Marcial cited that while mutual funds and other assets experienced a roller-coaster ride of ups and downs during the past three years due to global financial conditions, the clarity in the ongoing monetary policy easing here and abroad this year has improved prospects.

“We’re seeing markets becoming more buoyant, and fund managers are becoming more constructive across asset classes,” she said.

“Bonds are expected to do better, as interest rates go lower. And because interest rates are lower… so [in] equity we’re seeing some renewed interest,” she added.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think BPI Wealth’s newest move makes a lot of sense with today’s economic environment? Do you think a lot of millennials are willing to engage in 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.

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Three men arrested in Parañaque City for posing as NBI agents, grave threat and extortion

October 29, 2024October 21, 2024carlocarrasco

Recently in the city of Parañaque, three men who pretended to be agents of the National Bureau of Investigation (NBI) got arrested by the police for extortion, grave threat, malicious mischief and the usurpation of authority, according to a Manila Bulletin news report. The three suspects were also responsible for a previous attempt to extort money from a Parañaque spa while pretending to be working for the NBI.

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

Three men who posed as agents of the National Bureau of Investigation (NBI) and attempted to extort P100,000 cash from the owner of a food store were arrested by members of the Parañaque police Tambo Substation on Saturday, October 19.

The Southern Police District (SPD) identified the suspects as alias “Bernard,” 44, alias “John,” 29, both businessmen, and alias “Lenon,” 24.

The SPD said the suspects were arrested around 3:00 a.m. at a food store located in Aseana I Building, E. Cuenco, Barangay Tambo.

The police said the suspects reportedly entered the establishment and presented a fraudulent search warrant alleging that the store was selling illegal tobacco and cigarettes.

The suspects threatened the 19 year-old store cashier and demanded that the store owner pay P100,000 cash to avoid penalties for selling illegal tobacco products.

The police said Aseana security guards were alerted and intervened when they noticed the commotion inside the food store while the suspects were dismantling the store’s CCTV camera.

Members of the Tambo police substation who were near the area were called for police assistance and upon verification, the suspects were found to be fake NBI agents.

During investigation, the police said Atty. Joseph Eufemio S. Martinez, Deputy Chief of Staff, Office of the Deputy Director for Operations Supervising Agent, National Capital Region (NBI-NCR), National Bureau of Investigation, said that the arrested suspects are not member of the agency.

The police also found that the same suspects had previously attempted to extort money from a spa in Parañaque City on September 1, 2024 by posing as NBI agents and threatening the business owner.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more individuals who would visit local businesses pretending to be NBI agents and make grave threats as they extort money? If you are a local business owner, did you encounter the same suspects in the news report?

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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All 9 barangays in Muntinlupa City pass standards for Violence Against Women and Children (VAWC) desks

October 28, 2024October 17, 2024carlocarrasco

Recently in the progressive City of Muntinlupa, all of the nine barangays successfully passed the standards for Violence Against Women and Children (VAWC) desks, according to a Manila Bulletin news report.

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

All the nine barangays in Muntinlupa have passed the standards under the law for their VAWC (Violence Against Women and Children) desks.

“Congratulations to all barangays of Muntinlupa for achieving 100% compliance with our VAWC (Violence Against Women and Children) desk standards!” said Muntinlupa Mayor Ruffy Biazon.

Under the standards, he said, the functionality of each barangay was assessed based on policies, personnel, resources, planning and budgeting, implementation, good practices, and regular submission of reports.

“At talagang commendable ang bawat barangay for having met these standards (And each barangay is really commendable for having met these standards),” he said.

Under a memorandum circular issued in 2023 by the Department of the Interior and Local Government (DILG), VAWC) is defined as “any act of or a series of acts committed by any person against a woman who is his wife, former wife, or against.a woman with whom the person has or had a sexual or dating relationship, or with whom he has a common child, or against her child whether legitimate or illegitimate, within or without the family abode, which result in physical, sexual, psychological harm or suffering, or economic abuse including threats of such acts, battery, assault, coercion, harassment or arbitrary deprivation of liberty.”

These acts include physical violence, sexual violence, psychological violence and economic abuse. Biazon lamented the violence happens inside a household.

“Pero naririto ang City Government at mga barangay to ensure that women and children have somewhere to turn to for help. Tinitiyak natin na meron laging tutugon sa kababaihan at kabataang humihingi ng saklolo (But the City government and barangays are here to ensure that women and children have somewhere to turn to for help. We ensure that someone will respond to women and children who seek help),” the mayor said.

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 think having a VAWC desk in your barangay will be helpful? What is the first thing that comes to your mind whenever you think about the VAWC

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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LGBTQ member arrested in Las Piñas City for child abuse

October 27, 2024October 17, 2024carlocarrasco

Recently in the City of Las Piñas, police officers arrested a person identified with the LGBTQ (lesbian, gay, bisexual, transgender and queer) community over the charge of child abuse, according to a Manila Bulletin news report. The law enforcers carried a warrant of arrest issued by a certain branch of the Las Piñas City Family Court.

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

A member of the LGBTQ community was arrested by the Las Piñas City Police for child abuse on Wednesday, October 16, Las Piñas Police chief PCol. Sandro Tafalla said.

The suspect was identified as “Butchoko,” 42. He was arrested at around 4:45 p.m. in Barangay Talon Uno, Las Piñas City.

Tafalla said the suspect was tagged as Top 6 most wanted person under the station level for the month of October in violation of Republic Act 7610 or the Special Protection of Children Against Abuse, Exploitation, and Discrimination Act.

Butchokoy was arrested by virtue of warrant of arrest issued by Judge Mildred Jacinto Marquez Balmaceda of the Las Piñas City Family Court Branch 2 on September 9, 2024, with a P200,000 recommended bail.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you concerned that there could be more children within the city who got abused? Are you concerned that child abuse incidents were not reported as crimes locally?

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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