MAGA – Page 2 – Author Carlo Carrasco

BMI Sees Philippines GDP Growth Slowing Down To 5.2% In 2026

November 3, 2025October 25, 2025carlocarrasco

BMI, a unit of Fitch Solutions, officially lowered its 2026 gross domestic product (GDP) for the Philippines at 5.2% pointing a series of factors such as remittances slowdown, weaker investor sentiment, US tariffs on Philippine goods and the effects of the flood control corruption scandals, according to a Manila Bulletin news report.

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

Fitch Solutions’ unit BMI has sharply lowered its 2026 Philippine growth forecast to well below the government’s six- to seven-percent target, citing an expected slowdown in remittances, a weaker trade balance, muted investment sentiment, and downside risks to government spending stemming from the flood control fiasco.

“We expect remittance growth to slow due to tighter US [United States] immigration policy and a one-percent remittance tax on transfers from the US starting in 2026,” BMI said in a commentary published on Thursday, Oct. 23.

“A slowdown in remittances will weigh on domestic consumption, which will have an outsized impact on growth given the domestically driven economy,” BMI explained.

Against this backdrop, BMI has slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 5.2 percent, one-percentage-point (ppt) lower than the 6.2 percent it projected previously.

If realized, this would also fall below this year’s growth goal of 5.5 to 6.5 percent, and 2024’s actual pace of 5.7 percent.

Another policy by US President Donald Trump that could drag down the local economy is the 19-percent tariff on Philippine exports, but zero tariffs imposed on select American imports.

This US-Philippines trade setup, according to BMI, “will weigh on the trade balance in 2026.”

Goods exports growth in August was the slowest in 2025 as US tariffs took effect and exporters’ front-loading of outbound shipments ended.

The latest Philippine Statistics Authority (PSA) data showed that goods exports grew by 4.6 percent year-on-year in August, marking the slowest increase since the 1.9-percent decline in December 2024

BMI also believes investor sentiment will “likely” remain muted next year as “erratic US trade policies will weigh on global investor sentiment and limit foreign direct investment inflows [FDIs].”

Domestically, government spending could bear the impact of a scenario where the ongoing flood control probe leads to the unearthing of more corruption cases tied to infrastructure projects beyond flood control.

“It could lead to even tighter scrutiny on government spending and reduce spending substantially below fiscally programmed levels,” BMI said. Capital outlays had dropped by 10 percent to ₱112.9 billion as of August, according to the Department of Budget and Management (DBM).

Infrastructure spending is expected to hit ₱1.51 trillion in 2025, ₱1.56 trillion in 2026, ₱1.69 trillion in 2027, ₱1.9 trillion in 2028, ₱2.03 trillion in 2029, and ₱2.2 trillion in 2030.

Meanwhile, BMI retained its 5.4-percent Philippine growth forecast for this year, still below the lowered full-year target.

Let me end this post by asking you readers: What is your reaction to this development? Are you convinced that due to several internal and external factors, economic growth of the Philippines will be slower this year and next year? Do you agree with BMI’s findings about the Philippine economy?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

What to watch on YouTube right now – Part 107

October 27, 2025October 20, 2025carlocarrasco

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 Lost Odyssey Revisited – Back in 2008, I played Lost Odyssey on my Xbox 360 console and it was my most anticipated game of the time as I enjoyed playing Final Fantasy role-playing games (RPGs) on different consoles several years prior. In my experience, Lost Odyssey truly is a Final Fantasy game without the name and it remains an Xbox 360-exclusive game that happens to be compatible with Xbox One, Xbox Series S and Xbox Series X consoles (still available digitally online). For the newcomers reading this, Final Fantasy creator and former Square Enix producer Hironobu Sakaguchi co-wrote the story of Lost Odyssey and his own independent studio Mistwalker laid the foundation and the other studio Feelplus did the coding of the game. Not only that, famous game musician Nobuo Uematsu composed and scored the music of the Xbox RPG. To find out how the game was conceptualized, how its production happened and why it became an Xbox-exclusive game, watch the selected retrospective videos below.

#2 No Kings Protest Fails – In America, the Satanic Leftists, the woke extremists, the climate change zealots and other pawns of the Democrats organized the No Kings protests which eventually failed. The Leftists hatred for US President Donald Trump is so intense, they became out of touch with reality and they end up hating America. Lastly, many on the Left cannot tell the difference between a president and a king. The Democrats meanwhile are still obsessed with embracing immorality, destroying the traditional American family, empowering Islamic terrorists and support illegal immigrants. Watch and learn from the videos below.

#3 Delicious Meals With Big Portions In Japan – If you plan to do food trips while touring Japan, what exactly will you be looking for among the many food joins there? If you crave delicious food with big servings, there are indeed places to visit, and you can find what they offer and where could visit them by watching the Nippon TV video below. A friendly reminder for all who intend to visit Japan as foreign tourists…always behave yourselves by following local rules and being respectful to the Japanese.

#4 VKunia Reacts To Scary Movie – In 2000, Scary Movie was released in cinemas in America on July which was during the summer blockbuster season. The horror comedy parody film succeeded beyond expectations making almost $280 million worldwide on a budget of less than $20 million. Here in the Philippines, Scary Movie opened on November 1 of 2000 and I saw it that day inside the local cinema which was almost full. I noticed a lot of local moviegoers enjoyed its crude comedy under direction of Keenen Ivory Wayans and the performance of Anna Faris. Recently, VKunia posted her reaction video of Scary Movie and her reactions are similar to how the moviegoers around me reacted on November 1, 2000. Watch her video below.

#5 WarGames Revisited – Back in the 1980s, the Cold War was still hot in people’s minds and information technology (IT) itself was gradually becoming important in America. The 1983 movie WarGames featured a tale about war simulation, hacking, artificial intelligence (AI), the use of super computers for military operations and more. Back then, US President Ronald Reagan saw the film and this led to discussions with members of Congress, advisers and the Joint Chiefs of Staff. A review of full nation security was eventually ordered by Reagan. In today’s age, artificial intelligence is very common and it is causing varied disturbances worldwide which makes WarGames still relevant. To see how the movie impacts YouTubers, watch the selected reaction videos below.

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Keep Call Centers In America Act Of 2025 Sparks Resolution Proposal In Philippine Congress

October 24, 2025October 23, 2025carlocarrasco

A few months ago in the United States, the Keep Call Centers in America Act of 2025 was filed and it really caused a disturbance on the business process outsourcing (BPO) industry and the Department of Trade and Industry (DTI) here in the Philippines. Recently a member of Congress here in the Philippines filed a resolution to initiate talks with the US to discuss call center reshoring and seek exemptions, according to a BusinessWorld news report.

Coincidentally, the proposed resolution was filed by a Congressman from the province of Cebu where I once worked as a call center agent a very long time ago. I never returned to the call center industry.

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

A CEBU legislator filed a resolution on Monday urging the government to initiate talks with the US over plans to bring the call-center industry back from overseas.

The Trade and Foreign Affairs departments should “immediately initiate dialogue” with their US counterparts to seek exemptions for US business process outsourcing (BPO) firms operating in the Philippines, according to Cebu Rep. Vincent Franco D. Frasco, who filed House Resolution No. 386.

“The urgency of the situation demands proactive and high-level diplomatic action and trade engagement to ensure that the interests of Filipino workers and US-affiliated firms operating in the Philippines are protected from the US bill’s unintended economic consequences,” he said, referring to US legislation known as the proposed Keep Call Centers in America Act

The US bill could penalize US companies for outsourcing call center operations by ruling them out for federal grants and loan guarantees. The Philippines call center industry employs about 1.7 million, according to the House resolution.

Mr. Frasco described the US measure as posing a “direct threat” to the stability of the BPO industry and may discourage American firms from setting up shop in the country, leading to job losses and loss of investor confidence.

Let me end this post by asking you readers: What is your reaction to this development? Do you think Congressman Frasco’s proposed resolution will be approved soon? Do you think the DTI will be able to meet with their American counterparts and be able to secure exemptions? Do you think the Keep Call Centers in America Act of 2025 is very dangerous to the BPO industry of the Philippines? How many people in your local community are working in call centers right now? When do you think the Keep Call Centers in America Act of 2025 will be passed by US Congress and be sent to President Donald Trump for final approval?

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 Chief Points To Trump Tariffs As Country Braces For Dumping Of Products From Asian Neighbors

October 13, 2025October 12, 2025carlocarrasco

Here we go again with the perceived challenges related to the tariffs of Trump-led America. This time around the secretary of the Department of Trade and Industry (DTI) pointed to the Trump tariffs which she said raised the risk of products from Asian neighbors getting dumped into the Philippines and potentially harm local industries, according to news article by the Philippine News Agency (PNA).

For the newcomers reading this, the Trump administration had set a series of tariff rates for different nations in Asia. American tariff on Philippines-made products was set at 19% after the big meeting between US President Trump and Philippine President Ferdinand “Bongbong” Marcos, Jr.

It is a known fact that many nations in Asia export their products to the United States but with the new tariffs in effect and the fact that the Philippines has a population of more than one hundred million people, the latter is anticipated to become the dumping ground of Asian products. This development is happening just as the economy of the Philippines will grow by less than 6% this year (click here, here and here). Recently, the US State Department published a report about pervasive corruption being a barrier to investment in the Philippines.

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

The recent increase in the United States’ tariff rates heightened the risk of Asian goods being dumped into the Philippine market, raising the need for more stringent measures to protect local industries, Department of Trade and Industry (DTI) Secretary Cristina Roque said Wednesday.

Roque, in an interview on the sidelines of the Federation of Philippine Industries Inc. Business Summit in Makati City, said they expect increased entry of steel, cement, and garments, among others.

She traced this to the attractiveness of the Philippines as a market, given the country’s large population of over 100 million. She said DTI will work closely with the Bureau of Customs (BOC) to ensure that only registered and properly taxed goods enter the country.

The DTI will also coordinate with local industries to prevent the continued spread of unregistered products in the market.

On Tuesday, personnel from DTI’s Fair Trade Enforcement Bureau seized around PHP2 million worth of substandard construction materials from 24 retailers in Central Luzon as it strengthened its drive against uncertified and unsafe products in the market.

“We need to protect the manufacturing industry of the Philippines. So us, being in government, and us making sure we protect the jobs of the people,” she said.

Roque also noted that although investments continue to pour in, the volume is not what they had expected, thus, the need to boost local industries.

“So, we try to help them resolve whatever issues they have. And then we also at least help them strengthen or level up their businesses,” she explained.

Let me end this post by asking you readers: What is your reaction to this development? Do you think it is only a matter of time before a massive amount of Asian products (originally made for export to America) will arrive in the markets of the Philippines very soon? Did you notice any unregistered or sub-par quality products from overseas already being sold locally? What do you think can the DTI do to protect the local industries and livelihood of many Filipinos?

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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US State Department Flags Corruption In The Philippines As Barrier To Investment

October 9, 2025October 10, 2025carlocarrasco

Corruption is sadly deeply rooted here in the Philippines. So much so, the State Department of the United States flagged corruption as a barrier to investment in the Philippines, according to a GMA Network news report. To be clear, there have been economic forecasts about the Philippine economy growing less than 6% this year (possibly ending below the national government’s declared targets) and the US State Department published its detailed report about the country and investment online. As a lot of people are angry over corruption, tremendous economic damage of P1.7 trillion in market capitalization was wiped out (update: the Securities and Exchange Commission chairman apologized for stating the P1.7 trillion figure).

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

The United States Department of State has flagged “pervasive” corruption in the Philippines as among the major barriers to foreign investment in the country.

In its 2025 Investment Climate report, the US State Department said “corruption is a pervasive and long-standing problem in both the public and private sector” in the Philippines.

It also cited the country’s rank of 114th out of 180 countries on Transparency International’s 2024 Corruption Perceptions Index and “remaining around that level since 2019.”

The State Department added that the World Economic Forum also flagged corruption as among the top problematic factors for doing business in the Philippines.

“The Philippines’ complex, slow, redundant, and sometimes corrupt judicial system inhibits the timely and fair resolution of commercial disputes,” it said.

“Foreign investors describe the inefficiency and uncertainty of the judicial system as a significant barrier to investment. Investors often decline to file cases in court because of slow and complex litigation processes and fears of corruption. Stakeholders report an inexperienced judiciary when confronted with cases involving complex issues such as technology or science,” it added.

The State Department also said its embassy in Manila has received multiple reports from US businesses of overly invasive searches, inconsistent customs charges, and solicitations of “facilitation fees” (such as bribes) from some customs officials.

To see the entire 2025 Investment Climate Statements about the Philippines, click https://www.state.gov/reports/2025-investment-climate-statements/philippines

Let me end this post by asking you readers: What is your reaction to this development? Do you think the US State Department’s 2025 Investment Climate report about the Philippines is true and accurate? Are you concerned that the perceived corruption as well as the shocking revelations about the flood control projects scandals are already discouraging foreign investors from investing in the country? Do you think the Trump tariffs will eventually bring down Philippine exports to the United States in the next few months? What do you think the Philippine government should do to wipe out corruption and regain the trust of foreign investors?

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

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I Love Israel: Trump’s New Peace Plan For Gaza And The Middle East

October 1, 2025October 1, 2025carlocarrasco

During a high-level press conference in the White House, United States President Donald Trump revealed an ambitious new plan to achieve peace not only in the Gaza Strip but also in the Middle East, and already Israeli Prime Minister Benjamin Netanyahu has agreed to it.

To get straight into what happened, watch the official video of the press conference from the White House below. Pay close attention to the details.

It should be noted that during the conference, Trump made it clear that if the Palestinian terrorist group Hamas (which has always been supported by terrorist state Iran and Qatar) rejects the plan, America will support Israel to eliminate the terrorists. Be aware that Hamas never cared for their fellow Palestinians in Gaza as they used them as human shields, and Hamas fed their greed and selfishness using humanitarian aid they snatched for a long time. Hamas, not Israel, is guilty of committing genocide and other crimes against humanity. There clearly is no justification for the Palestinian terrorists to exist the way they are. Hamas has a chance to stop their terrorism and we will find out soon if they will give in or not.

To put things in perspective, posted below is the excerpt from The Jerusalem Post news article. Some parts in boldface…

WHAT DID TRUMP SAY AT THE WHITE HOUSE PRESS CONFERENCE? – Trump said that the US would be involved in Israel’s security after the ceasefire agreement.

The president said that if his deal were accepted by Hamas, all of the hostages, living and dead, would be released almost immediately.

Trump intends to end the war itself, and said that he was “hearing that Hamas wants to get this done.”

He also stated that during his meeting with Netanyahu, the Israeli PM clearly stated his opposition to a Palestinian state.

Trump slammed other countries that had “foolishly” recognized a Palestinian state at the UN General Assembly last week.

He noted that if Hamas rejects the deal that Israel has agreed to, he would give Israel the backing to destroy Hamas.

“And if Hamas rejects the deal, which is always possible, they’re the only one left. Everyone else has accepted it, but I have a feeling that we’re going to have a positive answer,” he said. “But if not, as you know, Bibi, you have our full backing to do what you would.“

In addition, he said Israel and others were “beyond very close” to reaching an agreement on ending the Israel-Hamas War in the Gaza Strip.

Trump, standing alongside Netanyahu, said the agreement would involve Arab countries and should help to achieve a broader peace in the Middle East.

“At least we’re at a minimum, very, very close. And I think we’re beyond very close,” Trump told reporters. “And I want to thank Bibi for really getting in there and doing a job.”

Trump affirmed that Israelis want a return to peace and want the hostages home. He also added that there were “many Palestinians who wish to live in peace,” adding that they had a “rough life under Hamas.

Trump stated that he believes Iran will one day become a member of the Abraham Accords.

He concluded his statement by again calling on Hamas to accept his plan, calling it an “extremely fair proposal.”

WHAT DID NETANYAHU SAY AT THE WHITE HOUSE PRESS CONFERENCE? – Netanyahu stated that Trump was Israel’s greatest friend in Washington.

“You are the greatest friend that Israel has ever had in the White House,” the prime minister said, adding that “it’s not even close.”

He also said that Trump’s plan achieves all of Israel’s war aims. Netanyahu outlined his cabinet’s “day after” plan for Gaza and the end of the war.

The objectives included: the disarmament of Hamas, the demilitarization of Gaza, the return of the hostages, Israel maintaining security parameters within the enclave, and the establishment of a peaceful civilian administration in the Gaza Strip.

The prime minister also said that there would be no role for the Palestinian Authority in Gaza until it underwent major transformations.

Netanyahu said that Trump’s plan provides a “realistic path for Gaza.”

WHAT IS TRUMP’S PLAN? – Trump released his plan to end the Israel-Hamas War.

Notably, the statement said that within 72 hours of Israel publicly accepting this agreement, all hostages, alive and deceased, will be returned.

The released statement states that Gaza will be “a deradicalized terror-free zone that does not pose a threat to its neighbors,” and that the enclave will be redeveloped for the citizens of Gaza, “who have suffered more than enough.”

If both sides agree to this proposal, the war will immediately end. Israeli forces will withdraw to the agreed-upon line to prepare for a hostage release. During this time, all military operations, including aerial and artillery bombardment, will be suspended, and battle lines will remain frozen until conditions are met for the complete staged withdrawal.

Once all hostages are released, Israel will release 250 life sentence prisoners plus 1,700 Gazans who were detained after October 7th, 2023, including all women and children detained in that context. For every Israeli hostage whose remains are released, Israel will release the remains of 15 deceased Gazans.

Once all hostages are returned, Hamas members who commit to peaceful co-existence and to decommission their weapons will be given amnesty. Members of Hamas who wish to leave Gaza will be provided safe passage to receiving countries.

For additional insight about the press conference, watch the videos below.

Thank the Lord for this significant development on the part of Israel. President Trump and his team truly have a grand strategy to achieve peace in the Middle East and it involves Gaza (note: Trump previously revealed a Gaza plan) which has long been a hot bed of Islamic terrorists and literally the launch pad of terrorist attacks against Israel. Trump has been able to make peace agreements happen since he returned to the White House and in this year alone, many breakthroughs happened diplomatically, socially and economically.

That being said, it is a must for people to focus on what would happen next after the announcement of Trump’s bold peace plan for the Middle East. You can simply ignore the foolish acts of the corrupted United Nations (UN) and its many member nations who joined the wrong side of history by deciding to recognize a Palestinian state, getting close with terrorist state Iran and walking out of Netanyahu’s UN address. The Gaza and Middle East peace plan revealed by Trump and agreed to by Netanyahu is the one people of faith should focus on and pray to the Lord to make it happen.

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

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

Always be the fearless and aggressive church of Lord Jesus!

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Trump’s America Is a Shining Example of Solving The Illegal Immigration Crisis

September 4, 2025August 29, 2025carlocarrasco

There is no doubt that United States President Donald Trump and his administration have successfully secured their borders as Homeland Security Secretary Kristi Noem confirmed during a recent cabinet meeting that absolutely zero illegals entered their country over the past three months, according to a Newsmax news report.

Trump’s America not only succeeded in securing the borders, the United States Immigration and Customs Enforcement (ICE) continues to apprehend and deport illegal immigrants with criminal records, other illegal immigrants volunteered to be deported back to where they came from, the safety of the citizens has improved and more citizens have gotten employed this year. Homeland security is working in tandem with the other departments of the government such as Defense, Justice and Immigration. These developments are indeed change that Americans and Trump supports can believe in.

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

The U.S. has gone three straight months without an illegal immigrant entering the country and 1.6 million inside the country have self-deported, Homeland Security Secretary Kristi Noem said Tuesday.

Noem, speaking during a Cabinet meeting that aired live on Newsmax and the Newsmax2 free online streaming platform, thanked President Donald Trump for his support and said that her department is following through on his campaign promise to make America safe again.

“Today, the average family and individual that lives in this country is safer than they’ve been in years because of what you’ve done,” Noem said. “We’ve gone three months in a row now with zero illegal aliens coming into this country.“

Noem also thanked Defense Secretary Pete Hegseth for helping her agency with border enforcement.

“They’re down at the border with us, still helping us keep that border secure and make sure we know who’s coming into this country,” she said. “You’ve arrested and brought to justice hundreds of thousands of illegal aliens, criminals that have perpetuated violence against American people. Sir, you’ve had 1.6 million people voluntarily go home to their home countries that were here in this country illegally. Because of your strong message and you enforcing the law, they decided to go home on their own so that they could come back the right way someday and be American citizens.

“But what I think is one of the most remarkable statistics is that under Joe Biden’s administration, 88% of new jobs went to foreign born individuals. Under your administration, 2.5 [million] Americans have jobs today that they didn’t under the previous administration. And they have those jobs because you created opportunities.

“You made this country safe. You opened up the economy. You enforced the law. Now people can get up and provide for their families and go to work every day and be confident in that.“

Noem also talked about the savings made on the president’s immigration crackdown, noting it cost American taxpayers between $8,000 and $9,000 to support each illegal immigrant “in what they were taking out of our social programs, out of Social Security.”

“You saved this country billions of dollars, about $15 billion just in what those illegal aliens were costing us in social programs,” Noem said. “I’ve cut over 450 different contracts at the Department of Homeland Security. We’re getting rid of corrupt ones, ones that were not efficient for taxpayers, weren’t focused on our mission of keeping us safe. And we’ve also renegotiated and brought in our biggest vendors and said, you have to do better.

“And we’ve saved the taxpayers over $13 billion doing that, as well. So, we’re continuing to be accountable with taxpayer dollars [and] focused on doing the mission of what you’ve committed, and that’s to keep us safe and to make sure we put Americans first.”

Trump appeared pleased to hear Noem’s report, thanking Noem, Hegseth and Tom Homan, his point man for mass deportations and border security.

Wow! What was revealed during the cabinet meeting was indeed a bunch of breakthroughs. The Trump administration is truly progressing with its immigration policies, economic efforts and putting Americans first. 2025 still has a few months left and already the United States is blossoming and has established itself as the shining example of solving the illegal immigration crisis and preventing foreigners from trespassing into the country.

Let me end this piece by asking you readers: What is your reaction to this development? Do you like what the Trump administration is doing with regards to border security, illegal immigration, job creation and the wellbeing of American citizens? Are you still surrounded by people who love illegal immigrants while they keep on attacking the Trump administration for serving the American people? How many people in your local community still follow the Democrats and the Islamo-Leftists?

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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UA&P Sees Stronger Q3 Economic Growth for the Philippines Despite Trump Tariffs

September 1, 2025August 25, 2025carlocarrasco

As far as the University of Asia and the Pacific (UA&P) is concerned, the economy of the Philippines will still grow stronger in the 3^rd quarter by 5.8% despite the 19% Trump tariffs, according to a BusinessWorld news report.

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

PHILIPPINE economic growth may pick up in the third quarter despite higher US tariffs and “milder” typhoons, the University of Asia and the Pacific (UA&P) said.

“Despite the Trump tariffs, milder typhoon season will help accelerate GDP expansion in Q3 to 5.8%, given a low base in 2024,” it said in its latest The Market Call released on Friday.

If realized, this would be faster than 5.2% in the third quarter of 2024 and 5.5% print in the second quarter. This forecast is also within the government’s revised 5.5% to 6.5% target this year.

“Consumer spending remains strong, aided by low inflation but limited by new US taxes on OFW (overseas Filipino Worker) remittances,” UA&P said.

Inflation cooled to a near six-year low of 0.9% in July as utilities and food costs continued to ease. This brought the seven-month average to 1.7%, slightly below the Bangko Sentral ng Pilipinas’ (BSP) 2-4% target band.

UA&P said government infrastructure spending may also regain momentum in the third quarter. This was after state spending slumped due to the 45-day election ban on public works spending from March 28 to May 12.

UA&P said residential construction will remain subdued due to elevated policy and interest rates.

The Bangko Sentral ng Pilipinas (BSP) has so far lowered borrowing costs by a total of 125 basis points (bps) since it began its easing cycle in August last year. The policy rate now stands at 5.25%.

UA&P said the US dollar rate will “move either way” depending on rate cuts by the BSP and the US Federal Reserve.

“The peso-dollar rate has a fundamental depreciation bias although it will depend much on extent and timing of policy rate cuts by BSP and the Fed,” it said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will be able to grow stronger in the 3^rd quarter even though the 19% Trump tariffs are already in effect? Do you see any signs of Philippine exports to America slowing down already?

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 Seeking US Tariff Exemptions For Agricultural Commodities, Electronics and More

August 31, 2025August 30, 2025carlocarrasco

Remember the big meeting between United States President Donald Trump and Philippine President Ferdinand “Bongbong” Marcos, Jr., over a month ago? A 19% tariff by America on Philippine goods was set and now the government of the Philippines is seeking exemptions specifically for exports of agricultural commodities, electronics, vehicle tires, bags and aircraft parts, according to a BusinessWorld news report.

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

THE PHILIPPINES is asking the US to exempt exports of agricultural products and other goods from the 19% tariff imposed by US President Donald J. Trump, a Trade official said on Thursday.

Trade Undersecretary Allan B. Gepty said the government is seeking US tariff exemptions for exports of agricultural commodities, electronics, vehicle tires, bags and aircraft parts.

“We submitted a list of products we asked the US to exempt from the imposed tariff rates, because these are key and complementary items. And some of them, in fact, are not even produced or manufactured there (in the US),” he told senators at a Senate briefing on the tariff set by Washington on Philippine exports.

“The immediate need right now is we want to negotiate for an exemption, because we want to protect our industries whose main export market is the US,” he added.

The US began imposing a 19% tariff on Philippine goods starting Aug. 7.

“We already submitted to the US the products that should be exempted from the reciprocal tariffs,” he said.

Mr. Gepty said about 23% of the country’s total exports to the US are exempted from the 19% tariff.

In June, the United States was the top destination for Philippine-made goods amounting to $1.22 billion, 35.2% higher from the same month a year ago. Around 53% of the Philippines’ total exports to the US were semiconductors and electronics, Mr. Gepty said.

The US has yet to set new global tariffs for semiconductors and pharmaceuticals. Mr. Trump had earlier said he plans to announce higher tariffs on imports of semiconductors, but companies that plan to build manufacturing facilities in the US would be exempted.

“Ninety-nine percent of our semiconductors as of now are still exempted, there’s still no problem” he said. “If the 100% continues, that’s a big problem,” he added.

Mr. Gepty said most of the semiconductors are made by US companies in the Philippines and exported to the US. He noted the higher tariffs would pose problems for the US supply chain, particularly for its defense industry.

Meanwhile, the Philippines has not formally granted zero tariffs on US products, as negotiations over a reciprocal trade agreement remain ongoing, he said.

Let me end this post by asking you readers: What is your reaction to the recent developments? Do you think the Philippines will succeed in getting an exemption from the Trump tariff on key exports?

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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What to watch on YouTube right now – Part 97

August 29, 2025August 23, 2025carlocarrasco

I recommend you check out the following videos I found.

#1 Very In-Depth Retrospective about Saints Row (2006) – Back in 2006, I bought my Xbox 360 console and one of the very first games I bought for it was the original Saints Row. The game exceeded my expectations for a fun-filled open-world experience and in some creative ways, it was more entertaining than the Grand Theft Auto (GTA) games available at the time. Recently, I found what is very clearly the most in-depth and most analytical retrospective video about the game which you must watch now.

#2 The Night Donald Trump Destroyed Hillary Clinton With His Al Smith Dinner Speech – Remember the Al Smith Dinner event of 2016? Al Smith Dinner is the annual white tie dinner held in New York City to raise funds for Catholic charities and it has the notable tradition of having US Presidential candidates as guests every four years. The 2016 edition of the dinner was very memorable because of what Donald Trump said about the wicked Hillary Clinton. Trump’s line of Clinton “pretending not to hate Catholics” drew a lot of reactions and was magnified by the mainstream news media. There is a lot more to be discovered in the video from MAGAMark below.

#3 The Sixth Sense Revisited – When it was first released in cinemas in 1999, The Sixth Sense generated a tremendous amount of word-of-mouth reactions and discussions among local moviegoers. This was because of the twist ending, M. Night Shyamalan’s directing, the intense combination of suspense and fright, and the memorable acting between Bruce Willis and Haley Joel Osment. It’s not surprising that The Sixth Sense became a popular choice of film for YouTubers to make videos of and you can enjoy watching the selected videos below.

#4 Gradius III Revisited – While I played a lot of video games released by Konami, I never ever got to play Gradius III in the arcade nor on game console. Back in the early 1990s, I remember seeing boxes of the Super Nintendo Entertainment System (SNES) version of Gradius III displayed in local game stores but I did not have the money to purchase it. None of my neighbors (with SNES consoles in their respective homes) had it. Eventually, I saw some YouTube videos focused on the old game and you can enjoy watching them below.

#5 Okonomiyaki in Japan – I enjoy eating Okonomiyaki which is a Japanese teppanyaki savory pancake dish consisting of wheat flour batter and other ingredients. In my experience, I have not toured Japan for a very long time and there are lots of places there that cook and serve Okonomiyaki to customers. If you want to see what Okonomiyaki looks like and hot it is cooked, watch the selected videos below.

#6 Entitled Illegal Immigrants – Is your local community still literally flooded with illegal immigrants? There is no doubt that crime is connected with illegal immigration and there are even illegal immigrants who believe they are entitled and cannot be held accountable for wrongdoing. You can see why and learn more by watching the video below.

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