Marcos – Page 5 – Author Carlo Carrasco

Over 100 Chinese former POGO workers deported

June 21, 2025June 17, 2025carlocarrasco

Recently authorities here in the Philippines deported over one hundred Chinese nationals who previously worked for Philippine Offshore Gaming Operators (POGOs), according to a news report by GMA News.

For the newcomers reading this, the Philippines still has many thousands of illegal aliens who previously worked in POGOs who are on the loose.

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

Some 100 Chinese individuals who worked for Philippine Offshore Gaming Operators (POGOs) were deported to China on Tuesday.

According to Saleema Refran’s report on Balitanghali, they were deported at around 10:40 a.m.

The Presidential Anti-Organized Crime Commission (PAOCC) said China paid for the airfare of the deportees, with the goal of ensuring that they will not be able to escape.

“Importante kasi sa kanila ‘yan dahil marami silang nakukuhang impormasyon dito sa mga bosses kung paano sila nag o-operate, saan sila nag-o-operate, at anu-anong mga sistema sa money laundering ang ginagamit nila,” PAOCC Executive Director Undersecretary Gilbert Cruz said.

(It’s important to them because they get a lot of information from the bosses here. How they operate, where they operate, and what money laundering systems they use.)

“Ang ayaw kasi nila siyempre ‘yung hindi nakakarating sa China mismo ‘yung mga boss nitong operation ng POGO,” he added.

(What they really don’t want, of course, is for the bosses of these POGO operations to not arrive in China.)

Once in China, the deportees will undergo investigation for scamming, cybercrime, fraud, and money laundering.

Broken apart – Meanwhile, the Filipino partners and spouses of the deportees were emotional when saying their goodbyes, including one who even brought their six-month child.

“Sobrang sakit po kasi may anak po kami (It really hurts because we have a child),” one of the women said.

The mother is already in contact with the deportee’s family and China, and plans to follow him there with their daughter.

The former workers were arrested during anti-POGO operations in Cebu, Cavite, Parañaque, and Pasay.

They have been declared undesirable aliens due to lack of visas and work permits, and for working in illegal POGOs. Aside from these, they have also been blacklisted and can no longer return to the Philippines.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the authorities should do more apprehending the many illegal aliens (former POGO workers) still on the loose so that more will get deported? Are you concerned that there could be many Filipinos who became personally involved with foreigners who worked in POGOs?

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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At least 9,000 illegal aliens who used to work in POGOs are still on the loose

June 12, 2025June 10, 2025carlocarrasco

While a lot of Philippine offshore gaming operators (POGOs) have closed down as a result of the nationwide ban on them, there still over nine thousand illegal aliens – who used to be POGO employees – on the loose nationwide, according to a Manila Bulletin news report. It was also revealed that some of the illegal aliens are carrying infectious diseases such as tuberculosis and HIV.

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

At least 9,000 undocumented foreign nationals who previously worked for Philippine offshore gaming operators (POGOs)–including those with infectious diseases such as HIV and tuberculosis–remain on the loose.

This was according to Presidential Anti-Organized Crime Commission (PAOCC) Executive Director Gilbert Cruz, who reported during the House quad-committee (quad-comm) hearing on Monday, June 9, that the agency was facing detention and deportation challenges regarding individuals linked to POGOs.

Cruz said that about 600 foreign nationals were already crammed within the PAOCC detention in Pasay City. What’s worse is that they cannot be deported because they have lost their passports.

“[We have] a monthly expenditure of millions for food and healthcare. Medical needs are [also] rising with detainees diagnosed with illness such as tuberculosis, hepatitis B, respiratory infection, and even cases of HIV,” he said.

“Actually sir dito po kami nanlulumo, three weeks ago nagpa-cremate po tayo ng isang HIV [patient] (Actually, we were saddened by the fact that we had to cremate three weeks ago an HIV patient),” he added.

The agency official said PAOCC’s detention facility was already overcrowded, as such “enforcement actions against an estimated 9,000 illegal foreign workers have been temporarily suspended”.

PAOCC said those on the loose pose risk to the society.

“‘Yung mga POGO workers, noong pumunta dito hindi naman healthy lahat yan. ‘Yung iba dyan may sakit na (Those POGO workers, when they went here, they weren’t really healthy. Some of them were already sick), that’s why we have cases of tuberculosis, HIV,” Cruz told lawmakers.

“Kapag pakalat kalat ‘yan sir, hindi natin alam kung sino pa ang kinontak o nagkaroon pa ng physical contact ‘yan (If they’re on the loose, we don’t know with whom they are having physical contact with),” he added.

Quezon 2nd district Rep. David “Jay-jay” Suarez also raised concern about illegal aliens who remain at large. He said they have become engaged in criminal activities, such as kidnapping and torture.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there could be former POGO employees among the foreigners living in your local community? Are you concerned that the sick illegal aliens on the loose could be spreading disease all over the Philippines?

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

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Philippines inflation rate settles at 1.3% in May 2025, the lowest since November 2019

June 10, 2025June 5, 2025carlocarrasco

Once again, inflation in the Philippines went down as the Philippine Statistics Authority (PSA) recently confirmed that the headline inflation landed at 1.3% for the month of May 2025, according to a news article by Philippine News Agency (PNA). The said inflation result is the lowest since November of 2019.

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

Headline inflation further slowed to 1.3 percent in May this year from 1.4 percent in April, the lowest recorded since the 1.2 percent in November 2019, the Philippine Statistics Authority (PSA) said Thursday.

In a briefing, National Statistician Dennis Mapa said this brought the year-to-date average inflation to 1.9 percent which is at the lower end of the government’s 2 to 4 percent target range.

Mapa said the downtrend was primarily brought about by the slower increase in the index of housing, water, electricity, gas, and other fuels at 2.3 percent from 2.9 percent in April. Restaurant and accommodation services also recorded a slower inflation of 2 percent from 2.3 percent in April.

Mapa said the faster annual decline was likewise recorded in the transport index, at 2.4 percent in May from 2.1 percent in the previous month. Food inflation meanwhile remained at 0.7 percent. Mapa, however, said rice inflation was at -12.8 percent from -10.9 percent in April.

According to Mapa, the rollout of the PHP20 per kilogram rice program in line with the directives of President Ferdinand R. Marcos Jr., the “Benteng Bigas Meron Na” helped lower rice prices.

In May, the average price of regular milled rice declined to PHP43.19 per kg from PHP51.11 in May 2024. The average price of well-milled rice likewise fell to PHP49.45 per kg from PHP56.06 per kg while special rice also declined to PHP59.80 from last year’s PHP64.41 per kg.

The bottom 30 percent income households experienced zero percent inflation in May 2025, a sharp decline from 5.3 percent in the same month last year.

The National Capital Region also posted a slower inflation rate of 1.7 percent in May, down from 2.4 percent the previous month while other regions maintained a low average inflation rate of 1.2 percent.

More stable cost of living – In a separate statement, the Department of Economy, Planning, and Development (DEPDev) said the continued decline in the country’s headline inflation shows progress toward easing price pressures and achieving a more stable cost of living for Filipinos.

“We are encouraged by this development. It reflects the success of our sustained efforts to protect the purchasing power of Filipinos and ensure a more affordable cost of living,” said DEPDev officer in charge and Undersecretary for Policy and Planning Rosemarie Edillon.

To sustain this downward trend, DEPDev said the Marcos administration is committed to implementing targeted policies aimed at mitigating inflationary pressures and safeguarding the purchasing power of Filipino families.

The Food and Drug Administration (FDA) and the Department of Agriculture (DA) are strengthening their collaboration to ensure the availability of safe and effective animal vaccines amid ongoing African Swine Fever (ASF) and Avian influenza outbreaks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think it is possible for Philippines inflation to fall below 1% by the end 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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New rules streamlining VAT refund processes will make Philippines more attractive to foreign investors

June 6, 2025June 3, 2025carlocarrasco

In the view of the Bureau of Internal Revenue (BIR), the Philippines will become a more attractive destination for foreign investors due to the new rules streamlining the value-added tax (VAT) refund process, according to a Philippine News Agency (PNA) news article.

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

The Bureau of Internal Revenue (BIR) expects the new rules streamlining the value-added tax (VAT) refund process — a key reform under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act – will make the Philippines a more attractive destination for foreign investors.

In a televised interview, BIR Commissioner Romeo Lumagui Jr. said the new regulations are consistent with President Ferdinand Marcos Jr.’s broader goal of making the country more business-friendly.

“Ang expectation natin, makikita ng mga dayuhang investors na seryoso ang pamahalaan na pagbutihin ang pagnenegosyo at papadaliin ang pagnenegosyo dito sa ating bayan (Our expectation is that foreign investors will see that the government is serious on business and in easing the doing of business in our country),” Lumagui was quoted as saying in a news release on Saturday.

“So, we’re hoping that it will encourage foreign investors to do business here in the Philippines,” he added.

According to the BIR chief, the main objective of CREATE MORE, as well as other BIR efforts, is to ease the doing of business and payment of taxes.

Republic Act No. 12066 or the CREATE MORE Act amended the National Internal Revenue Code to provide greater tax relief and incentives for businesses, particularly exporters.

To implement this, the BIR issued Revenue Memorandum Circular No. 37-2025 on April 10, which reduces the documentary requirements for VAT refund claims.

Under the new guidelines, certified true copies of invoices or receipts may now be submitted in place of original documents.

There was also a reduction of three documentary requirements, particularly the proofs of registration with the Securities and Exchange Commission or Department of Trade and Industry (DTI), whichever is applicable, and the copies of Import Entry and Internal Revenue Declarations/Informal Import Declaration and Entry or Single Administrative Document.

For claims involving amortized input VAT on capital goods, prior certifications from the Bureau of Customs may be reused if already submitted in past filings.

Furthermore, for VAT refund claims starting April 1, exporters are no longer required to submit actual proof of shipment, such as bills of lading.

Instead, the BIR will rely on a certification from the Export Marketing Bureau of the DTI, following a newly signed agreement between the two agencies.

“Ngayon pinadali natin ang proseso sa pakikipag-coordinate sa DTI. So, may kanya-kanyang role ang bawat isa para hindi na rin magdoble-doble ang mga requirements at pag-iimbestiga kung talagang merong mga inexport ang isang entity (We made the process easier through our coordination with the DTI. Each agency now has specific roles to prevent duplication in the submission of requirements and in investigating the goods exported by a business entity,” Lumagui explained.

“Patuloy din ang pag-e-examine natin kung ano ang pwede nating i-streamline na mga proseso para mas mapadali pa ang pagnenegosyo sa ating bayan (We also continue to examine what other processes we can streamline to make doing of business in our country easier),” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you convinced that the changes made will help the Philippines attract more 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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World Bank says Philippines economic growth will be below 6% per year until 2031

June 3, 2025June 3, 2025carlocarrasco

By pointing to several economic factors, the World Bank stated that it expects the economy of the Philippines to grow less than 6% per year until the year 2031, according to a Manila Bulletin news report.

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

The Philippines’ annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031.

Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross domestic product (GDP) growth of 5.3 percent for this year, 5.4 percent for next year, and 5.5 percent for 2027—all below the more ambitious six- to eight-percent target of the Marcos Jr. administration for the second half of its term.

“The average GDP growth forecast for 2025 to 2027 is expected at 5.4 percent. Risks are mostly tilted downside and include potential retaliation by main global players that may affect global growth further, probably hitting domestic growth,” the WBG said, referring to the lingering world trade uncertainty caused by United States (US) President Donald Trump’s tariff spree.

“Increased uncertainty could trigger instability in financial markets and capital flight,” it added.

On the flipside, “the Philippines may benefit from improved margins of preference for key export products, and from lower global commodity prices (tied to lower global growth), and absent any external pressures, the prospect of continued monetary policy rate normalization” in the next three years, the WBG said.

This year, its projected 5.3-percent GDP growth rate—poised to be the slowest pace of expansion since the Philippine economy gradually reopened from the most stringent Covid-19 restrictions—was attributed by the WBG to “the direct impacts of the higher tariffs and trade policy uncertainty on demand for exports, the effects of increased global policy uncertainty on investment demand, and the indirect effects on export and investment demand through lower global growth.”

But on the upside, “these negative effects are dampened as the Philippines is mostly integrated in services rather than merchandise value chains (that have been most affected by trade policy barriers), and as public investment and private investment in non-tradables is expected to remain robust,” the WBG added.

Philippine GDP growth is seen picking up gradually to 5.7 percent in 2028, 5.8 percent both in 2029 and 2030, and 5.9 percent in 2031.

The WBG forecasts headline inflation to be in the range of three to 3.2 percent from 2025 to 2031—within the targeted two- to four-percent annual consumer price increases deemed conducive to economic growth.

As the Marcos Jr. administration embarks on fiscal consolidation to narrow the yawning budget deficit and lower the share of public debt to the economy following massive borrowings at the height of the pandemic, the WBG projected the fiscal deficit narrowing gradually from 5.7 percent of GDP in 2024 to 5.4 percent in 2025, 4.9 percent in 2026, 4.4 percent in 2027, 4.1 percent in 2028, 3.9 percent in 2029, 3.7 percent in 2030, and 3.6 percent in 2031.

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 currently does not have enough strength to exceed the crucial 6% mark for annual growth?

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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Department of Agriculture (DA) recommends retaining 15% tariff on imported rice

June 3, 2025May 29, 2025carlocarrasco

In an attempt to mitigate the effects of inflation on domestic prices, the Department of Agriculture (DA) recommended keeping the 15% tariff on imported rice, according to a GMA Network news report.

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

The Department of Agriculture (DA) has recommended retaining the 15% tariff on imported rice to help mitigate the effects of inflation in local prices.

In a public briefing on Wednesday, DA spokesperson Assistant Secretary Arnel de Mesa said that they aim on lowering the effects of inflation throughout the agricultural industry.

“Napakaimportante yan sa buong ekonomiya ng ating bansa, at masigurado din natin na maging tuloy-tuloy ang mga programa natin na mas mababang presyo ng bilihin di lamang ng bigas kundi iba pang agricultural commodities,” said de Mesa.

(It is very important to the economy of the entire country, and we should ensure that our programs to lower the prices of commodities will continue, not just rice but other agricultural commodities.)

He further said that the majority of every P100 that poor Filipino families spend were used to purchase rice.

“Mga 25% kasi ng bigas na kino-consume natin ay imported. So, kung mapapanatili natin na mababa ang taripa at 15%, mas masisigurado natin na yung pangkalahatang presyo ng bigas ay mas magiging matatag at hindi makakaapekto sa price spikes kung magkakaroon man. Yung inflation overall natin, mapapanatili nating mababa kung mananatiling mababa presyo ng bigas,” he added.

(About 25% of the rice we consume is imported. So, if we keep the tariff low at 15%, we can better ensure that the overall price of rice will remain stable and won’t affect any price spikes. We can keep or overall inflation lower if we keep the price of rice low.)

DA said that they consider the price of rice in international markets, exchange rates, logistics costs from the port of origin, and productivity in the country when considering rice tariffs.

“Napakaimportante lalo na sa panahon ng lean months, ay masigurado natin na yung imported na bigas ay maganda ang presyuhan para di maapektuhan din yung presyo ng local na supply natin. Yung timing is really important to make sure natin na mapapanatili natin na matatag ang presyuhan ng bigas,” he said.

(It is very important, especially in the lean months, that we ensure that the price of important rice will not affect the price of our local supply. The timing is really important to make sure that we keep rice pricing stable.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think 15% tariff on imported rice is just right?

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: Philippines reaffirms commitment to strengthen multifaceted partnership with Israel

May 27, 2025May 23, 2025carlocarrasco

During the Israel Independence Day reception in Makati City, the government of the Philippines reaffirmed its commitment to strengthen its multifaceted partnership with Israel, according to a news article by the Philippine News Agency (PNA).

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

The Philippine government reaffirmed its commitment to further strengthen its partnership with Israel, spanning key areas, such as agriculture and security.

Speaking at the Israel Independence Day reception in Makati on Thursday night, Foreign Affairs Undersecretary Jesus Domingo said Manila is eager to “further strengthen” this multifaceted partnership with the Jewish state.

Domingo said the two states share a deep and unique friendship rooted in history when the Philippines opened its door to Jewish people fleeing the Holocaust and voted in favor of a United Nations resolution to establish the State of Israel.

“These historical cornerstones form the bedrock of our strong bilateral ties over the decades, our relationship continues to expand,” he said, citing the dynamic Philippine-Israel cooperation on agriculture, technology and innovation, and security.

People-to-people connections, he added, have grown through tourism, culture exchanges, and the two nations’ shared democratic values.

“We are confident that by continuing to work together, we can achieve greater prosperity and security for both our nations and contribute positively to the global community,” he said.

Outgoing Israel Ambassador to the Philippines Ilan Fluss, meanwhile, conveyed similar hopes for stronger Philippine-Israel relations as he noted the new depth in the two states’ partnership over the past years.

This newest development shows the continuing growth of Israel-Philippines ties through the high level officials during the event in Makati. Even as anti-Semitism intensifies and Islamo-Leftists forces (including their mainstream news media partners-in-crime) around the world keep on condemning Israel, the government of the Philippines still recognizes the Jewish state and values Israel-Philippines ties. Pray to the Lord that President Bongbong Marcos will make moves for better engagement with Israel.

Overseas, Israel is making notable progress against the remaining forces of the Palestinian terrorist group Hamas in Gaza, while keeping a close watch on the terrorist state Iran which itself is negotiating with Trump-led America. Watch closely what will happen next and never lose sight on the deceptive moves of the sinister leaders of Qatar who openly support Palestinian terrorists, hate Israel and shamelessly propagate Islamic terrorism through Al Jazeera.

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

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem. Pray to Him so that Israel-Philippines ties and cooperation will keep growing stronger and more resilient no matter what happens around the world.

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! Always stand in support of Israel and its ties with the Philippines!

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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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Nomura trims Philippine economic growth forecasts for 2025 and 2026

May 16, 2025May 14, 2025carlocarrasco

As far as the Nomura Global Markets Research is concerned, the economic growth of the Philippines will for 2025 and 2026 will end up weaker than previously expected, 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…

NOMURA GLOBAL Markets Research has trimmed its gross domestic product (GDP) growth forecasts for the Philippines for this year and 2026 following the weak first-quarter expansion.

Nomura cut its Philippine economic growth forecast to 5.3% for this year from 5.9% previously, it said in a report dated May 9. It also slashed its 2026 projection to 5.6% from 6.1%.

Both projections are well below the Development Budget Coordination Committee’s 6-8% growth target for 2025 until 2028.

“Our 2025-26 GDP forecast revisions take into account the disappointing first-quarter outturn, which only rose slightly to 5.4% year on year from 5.3% in fourth quarter 2024, despite election-related spending,” Nomura analysts Euben Paracuelles and Nabila Amani said in the report.

“Escalating global trade and geopolitical tensions are the main downside risks to growth. A faster rollout of infrastructure projects and lower oil prices are upside risks.”

The Philippine economy expanded by 5.4% in the first quarter, the government reported last week. This was a tad faster than the revised 5.3% in the previous quarter but sharply slower from the 5.9% growth in the same period in 2024.

Department of Economy, Planning, and Development Undersecretary for Policy and Planning Group Rosemarie G. Edillon said that GDP would need to grow by 6.2% for the rest of the year to reach the lower end of the 6-8% goal.

Based on its forecasts, Nomura expects the Philippines to post below-6% GDP growth for the rest of the year. Broken down, it sees GDP growth of 5.3% in the second quarter, 5.4% in the third quarter, and just 5% in the fourth quarter.

In 2024, the economy expanded by 6.5% in the second quarter, 5.2% in the third quarter, and 5.3% in the fourth quarter.

“A key source of the downside surprise [in the first quarter] was investment spending growth, which we believe suggests businesses have already turned cautious amid surging global trade uncertainty, even in a less open economy,” Nomura said.

“We expect a moderate pickup in real GDP growth in 2026, led by the government’s strong push for more progress on infrastructure projects.”

It added that it expects the country to post a current account deficit of 4.1% of GDP this year and 4.4% of GDP next year, wider than the 3.8% ratio in 2024, driven by an increase in capital goods imports amid the government’s infrastructure push and weaker exports due to the US’ tariffs.

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 can still grow stronger than what Nomura predicts in 2025 and 2026? Do you think the national government should make new economic moves to stimulate the national economy while also attracting new 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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All LGUs must fully automate business registration processes by 2028

May 10, 2025May 7, 2025carlocarrasco

The Anti-Red Tape Authority (ARTA) recently emphasized that all local government units (LGUs) around the country are required to have their respective business registration processes fully automated by the year 2028, according to a Business Mirror news report.

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

ALL 1,642 local government units (LGUs) are required to fully automate their business registration processes by 2028 or before the end of the term of President Ferdinand R. Marcos, Jr., according to the Anti-Red Tape Authority (Arta).

At a briefing in Malacañang on Tuesday, Arta Secretary Ernesto V. Perez divulged that out of 1,642 LGUs in the country, only 115 LGUs have fully automated their business registration processes as of March 31, 2025 while 1,203 LGUs are “partially automated.”

With only three years left in the Marcos administration, Perez said Arta is intensifying its efforts to make sure that all LGUs across the country will comply with the automation of business registration processes.

Having a fully operational eBOSS or electronic Business One-Stop Shop means being able to streamline the procedures for the filing of applications and issuance of local business licenses, permits, clearances, and authorizations through the LGU’s provision and usage of an “on-demand” single, digital portal, according to ARTA.

“Ang target po before the term of this administration ends in 2028, all LGUs must be compliant. That is why our partners for this are the DICT, DILG and DTI,” said Perez.

With this, the Arta chief revealed that it issued 431 Notices to Explain. “We will file charges against the 134 LGUs that did not respond. Because based on our experience, if they know the government agency is serious and will file charges, they will act on it. I hope they don’t wait for us to file a case against them before they act,” Perez said.

He explained that the Office of the Ombudsman will determine the proper violation and penalty to be imposed on these non-compliant LGUs.

“Our President has a strict directive for all government processes to be streamlined and digitalized,” Perez said, partly in Filipino.

Perez said these LGUs cannot use lack of budget or financial resources as an excuse for non-compliance with eBOSS, “Because there is a free system that DICT developed. This began with the Integrated Business Permitting and Licensing System (IBPLS).”

“The DICT has improved the e-gov.ph and it’s free. The LGU just needs to apply. Meanwhile, those LGUs with budget, they hired third-party service providers,” Perez explained.

Moreover, the Arta chief said LGUs cannot use poor internet connection as an excuse for non-compliance.

Let me end this post by asking you readers: What is your reaction to this recent development? Has your local government unit made its business registration processes fully automated 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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