money – Author Carlo Carrasco

Philippines Digital Economy Reaches P2.74 Trillion In 2025

May 9, 2026May 4, 2026carlocarrasco

The digital economy of the Philippines grew to P2.74 trillion in gross value added (GVA) in 2025 and its contribution to the nation’s gross domestic product (GDP) is at 9.8%, according to a business news report by GMA News.

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

The Philippine digital economy continues its upward trajectory, reaching a Gross Value Added (GVA) of P2.74 trillion in 2025, accounting for 9.8% of the country’s gross domestic product (GDP), according to the latest preliminary data from the Philippine Statistics Authority (PSA).

Last year’s digital economy GVA grew by 5.4% from P2.59 trillion recorded in 2024 as the country moves forward with digital transformation initiatives across public and private sectors.

The PSA defines the digital economy as encompassing four main areas: digital-enabling infrastructure, digital content and media, e-commerce, and government digital services.

Digital-enabling infrastructure remained the primary driver of GVA, contributing P1.79 trillion to the total.

Within this sector, growth was fueled by ICT services with a 27.1% contribution, ICT manufacturing with 13.6%, and ICT-enabled services with 13.3%.

E-commerce followed as a significant contributor at 32.2%, while digital content and media accounted for 2.2% and government digital services made up the remaining 0.3% of the digital landscape.

Beyond monetary value, the digital sector has become a massive source of livelihood for Filipinos.

In 2025, the digital economy employed 10.39 million people, accounting for 21.2% of the country’s total workforce.

This was a 1.2% increase from the 10.27 million workers recorded the previous year.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the digital economy of the Philippines will continue to grow this year? Could the nation’s digital economy reach P3 trillion in value in the near future?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippine Economic Growth Slows Down To 2.8% In 1st Quarter Of 2026

May 9, 2026May 7, 2026carlocarrasco

While the Philippines is hosting the summit of the Association of Southeast Asian Nations (ASEAN), the economy of the nation grew only 2.8% in the first quarter this year and it is the slowest growth in five years, according to a business news report by the Manila Bulletin.

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

The Philippine economy grew at its slowest pace in five years, expanding just 2.8 percent in the first quarter of 2026, as the country grapples with the persistent government spending slump and mounting inflation shocks.

The country’s economy, as measured by the gross domestic product (GDP), decelerated from the 3.0 percent expansion recorded in the final three months of 2025.

It also significantly missed the 3.4 percent median growth projected by economists in a survey, and marked the weakest quarterly output for the country since the first quarter of 2021, when the economy contracted 3.8 percent during pandemic-era lockdowns.

Growth was severely dragged down by a prolonged slump in public construction following a massive government flood-control scandal late last year, which has continued to stall state spending.

Moreover, the global energy shock triggered by the Middle East conflict in late February also sent domestic oil and input costs soaring, severely denting consumer and business confidence.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think heavy government spending will boost the economy somehow? Could it be possible that the Philippines could fall into a recession this year or next year? How do you rate the performance of the economic managers of the national government?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Over 1,400 Las Piñas City Senior Citizens Receive 1st Quarter Pension

May 7, 2026May 1, 2026carlocarrasco

Recently in Las Piñas City, more than one thousand four hundred senior citizens from three different barangays received their social pension of P3,000 each for the first quarter this year, the City Government announced. Mayor April Aguilar personally attended the distribution and met with the constituents.

To put things in perspective, posted below is an excerpt from the City Government’s announcement (translated from Tagalog). Some parts in boldface…

More than 1,400 senior citizens from Barangay Pulanglupa Dos, Manuyo Dos, and CAA have personally received their P3,000 Social Pension for the first quarter of 2026.

Payout was done at Aguilar Sports Complex where our grandparents were comfortable waiting to be called for their pension.

Mayor April also reminded our seniors of the programs the city provides freely to them to better care for their health and well-being. Because in Las Piñas, caring is not just a word.

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 personally know any local senior citizens who received their respective social pension fund?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

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

Fuel Subsidy Released To Over 2,000 Tricycle And PUJ Drivers In Las Piñas City

May 4, 2026April 29, 2026carlocarrasco

Recently in Las Piñas City, more than two thousand drivers of tricycles and public utility jeepneys (PUJs) received P5,000 each in fuel subsidy during the payout at Aguilar Sports Complex monitored by local officials, according to the City Government’s announcement.

To put things in perspective, posted below is the entire social media announcement (translated from Tagalog) of the City Government. Some parts in boldface…

For those who were not able to claim their subsidy, the Special Fuel Subsidy Payout was held at Aguilar Sports Complex where almost 2,300 Tricycle and PUJ drivers personally received P5,000.

With the cooperation of DSWD-NCR and CSWDO headed by Ms. Lowefe Romulo, the distribution of relief was smooth, fast and organized inside a comfortable and cold venue. Like the previous payout, there is still a help desk to respond to some questions and problems drivers have experienced in relation to their documents.

In this time when oil and gasoline prices are still very high, the city government, under the leadership of Mayor April Aguilar, is ensuring that every registered driver will be provided and will receive the assistance intended for them.

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 consider P5,000 sufficient as a fuel subsidy for the tricycle and PUJ drivers of the city?

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

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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Ambitious Offshore Airport Planned By Vietnam

May 1, 2026April 27, 2026carlocarrasco

Regardless of external developments, it is clear that tourism in Vietnam is booming (for reference click here and here) and that makes travel an essential part of the nation’s economy and society. With the future of greater travel and accessibility in mind, Vietnam is aiming even higher as their government announced the plan of creating an offshore airport, according to a news report by VnExpress.

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

Vietnam is considering an unprecedented aviation project that would see an airport built on an artificial island off Nha Trang, a major tourism destination.

The Ministry of Construction has submitted amendments to the national airport master plan for 2021-2030 to the government for approval.

It includes a new 497-hectare airport at Van Phong, around 65 kilometers from Nha Trang, on land reclaimed from the sea, according to the government’s portal.

To be situated in Van Thang Commune, it is estimated to cost VND9.2 trillion (US$360 million) and handle around 1.5 million passengers annually by 2030, increasing to 2.5 million by 2050.

Authorities expect the airport to support regional economic growth, positioning Van Phong as a marine logistics and economic hub and enhancing connectivity and boosting tourism.

Offshore airports have been built in several Asian geographies. Japan’s Kansai International Airport, built on an artificial island in Osaka Bay at a cost of some $20 billion, is among the most well-known examples.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Vietnam’s ambitious plan to build and operate an offshore airport will come true? Have you ever spent time in an offshore airport before?

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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Vietnam’s New International Airport To Handle Most International Flights By 2027

April 24, 2026April 21, 2026carlocarrasco

In Vietnam, it is anticipated that most international flights currently handled by the old Tan Son Nhat International Airport (serving Ho Chi Minh City) will be moved to the new Long Thanh International Airport by next year, according to a news report by VnExpress. The said move will be gradual and it will start this year.

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

The Airports Corporation of Vietnam has proposed that international flights should move gradually from Ho Chi Minh City to Long Thanh International Airport in neighboring Dong Nai Province starting this year.

According to the state-owned joint-stock company that manages 22 airports across Vietnam, including 10 international, the transition will make the under-construction Long Thanh a global aviation hub.

In the initial phase — from the start of Long Thanh’s commercial operations later this year to around March 2027 — all long-haul international flights will be moved from Tan Son Nhat airport in HCMC.

During this period Long Thanh will handle 19% of all international passengers in the Ho Chi Minh City market while Tan Son Nhat will continue to handle the rest.

In the next phase, from March 2027 through 2030, all international flights will steadily be shifted to Long Thanh, except for short-haul routes under 1,000 km operated by Vietnamese airlines.

By 2027 Long Thanh is expected to handle more than 90% of international passenger traffic.

After 2030 all international flights will operate from Long Thanh, laying the foundation for a major international transit hub.

Tan Son Nhat will then focus on domestic routes and non-scheduled international services, including charter flights.

Tan Son Nhat, until now the largest airport in Vietnam, handled 109,652 international flights last year, or 43% of the country’s total number.

The ACV has established Long Thanh International Airport as a first-tier subsidiary along with other units for cargo and fuel services.

It is also implementing workforce training programs, including on-site experience at Tan Son Nhat, to develop operational expertise ahead of the new airport’s launch.

It has signed a consultancy agreement with South Korea’s Incheon Airport Consortium, to support trial operations, the transition and traffic forecasting.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the move of international flights from the old international airport to the new one will proceed as scheduled? If you have been to Vietnam lately, how would you describe the quality of Tan Son Nhat International Airport?

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

South Korean Fugitive Arrested In Las Piñas City

April 23, 2026April 20, 2026carlocarrasco

The Bureau of Immigration (BI) announced that it apprehended a South Korean fugitive in Las Piñas City for illegal online gambling operations

To put things in perspective, posted below is an excerpt from the BI’s official announcement. Some parts in boldface…

In line with the directive of President Ferdinand Romualdez Marcos Jr. to intensify the crackdown on foreign fugitives and transnational crimes, the Bureau of Immigration (BI) reported the arrest of a South Korean national wanted by international authorities for operating illegal online gambling operations.

BI Fugitive Search Unit (FSU) agents, in coordination with the Korean National Police Agency and the Philippine National Police–Integrity Monitoring and Enforcement Group, arrested Lee Jonghak, 37, on Tuesday morning , April 14, at a residence in a subdivision in Pamplona Dos, Las Piñas City.

Lee is the subject of an Interpol Red Notice issued in 2025, stemming from an arrest warrant released by the Incheon District Court on the same year for violations of South Korea’s National Sports Promotion Act related to illegal online gambling operations.

Investigations by Korean law enforcement revealed that from August 2021 until recently, Lee and his accomplices operated at least 23 illegal online gambling websites from different locations.

The group reportedly managed sports betting and casino-style games, recruited members, and facilitated financial transactions, generating over KRW 5.33 billion in profits. Authorities estimate the syndicate’s total earnings to have exceeded KRW 350 billion.

Lee reportedly served as an assistant manager overseeing multiple operational teams composed of around 300 employees. The exact amount he personally received remains under investigation.

Records from the BI showed that Lee last arrived in the Philippines in 2024 and was admitted under a probationary permanent resident visa. He was later included in the Bureau’s blacklist and watchlist as an undesirable alien and fugitive from justice.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you thankful to the Bureau of Immigration for arresting the fugitive?

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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Security In Bali Tightened In Response To Murders Of Several Foreigners

April 18, 2026April 15, 2026carlocarrasco

Bali, the island in Indonesia famous as a tourist attraction, now has its security tightened by the local authorities in response to the unfortunate wave of kidnapping and murders of several foreigners there, according to a news report by VnExpress.

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

Police on Indonesia’s Bali island have vowed to increase security after several foreigners were kidnapped and brutally murdered this year.

“We urge the public to promptly report any criminal or suspicious activity involving foreigners to the nearest authorities,” director of criminal investigation at the Bali police department, Senior Commisioner I Gede Adhi Mulyawarman was quoted as saying by the South China Morning Post.

A wave of kidnappings and brutal murders have tarnished the island’s once-peaceful reputation.

On Feb. 15 Ukrainian Igor Komarov, 28, was kidnapped and later found dead in a suspected murder case, Jakarta Post reported.

A video circulating online showed Komarov being beaten and pleading with his family for help, and indicated that the attackers demanded a US$10 million ransom for his release. In late February his body was discovered by locals.

In March, Dutch tourist Rene Pouw was killed by two knife-wielding motorbike attackers, AFP reported.

According to United Nations data, Indonesia has one of the lowest crime rates in the world, with a murder rate of just 0.3 per 100,000 people in 2022.

Reports from Indonesia’s statistics agency indicate that Bali remains among the safest places in the country. Bali reported 7.05 million foreign tourist arrivals in 2025, the highest figure in the past decade.

According to the Australian government’s travel advisory website, Bali is generally safe for tourists, but caution is advised regarding motorcycle accidents, petty theft and alcohol-related issues.

Let me end this piece by asking you readers: What is your reaction to this development? Have you ever visited Bali in Indonesia before? Do you think the crime wave affecting foreigners will turn away international tourists from visiting Bali?

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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As More Filipinos Visit Vietnam, Philippines Attracts Less Vietnamese Tourists

April 9, 2026April 6, 2026carlocarrasco

In 2025, more than 480,000 Filipinos visited Vietnam while the Philippines failed to attract a significant number of Vietnam tourists which reflected its weakness with foreign visitors, according to a new report by VnExpress.

The travel platform Agoda confirmed that online search by Filipino users for accommodation in Vietnam surged 86% in 2025. Vietnam itself achieved an all-time high of 21.2 million foreign tourists who arrived in 2025. The Philippines attracted only 5.94 foreign tourists last year.

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

Vietnam is increasingly emerging as a preferred destination for Philippine travelers, welcoming over 482,000 arrivals in 2025, thanks to ASEAN visa exemption policies and closer bilateral exchanges.

According to the Tourism Information Center under the Vietnam National Authority of Tourism (VNAT), since the Covid pandemic, the number of Filipino visitors to Vietnam has recovered and grown impressively. Filipino tourists are particularly fond of destinations such as Da Nang, Sa Pa, Phu Quoc and Nha Trang, as well as Vietnam’s distinctive cuisine.

VNAT Director Nguyen Trung Khanh said Vietnam and the Philippines share many similarities in tourism resources, natural conditions and culture. Both are located in Southeast Asia and have favorable conditions for cooperation in developing tourism products and attracting visitors.

The expansion of direct flight routes between major cities by airlines of both countries has also significantly contributed to boosting tourist arrivals.

Conversely, the number of Vietnamese tourists traveling to the Philippines remains unstable and has even shown a declining trend recently. This is partly due to increasing competition among destinations in the region.

Philippine Ambassador to Vietnam Francisco Noel R. Fernandez III noted that Philippine airlines are actively implementing various initiatives to attract tourists. The Philippines is also considering establishing a tourism representative office in Vietnam to strengthen its presence and promote cooperation.

Tourism cooperation between the two countries was established early on and continues to be reinforced. In 2026, the Philippines will host the ASEAN Tourism Forum (ATF) under the rotational mechanism, with Vietnam’s tourism sector actively participating in the event.

Let me end this piece by asking you readers: What is your reaction to this development? If you are a citizen of the Philippines, have you thought about touring Vietnam recently? Do you think the government of the Philippines has not done enough to promote itself actively to the Vietnamese?

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

Record High 6.76 Million Foreign Tourists Visited Vietnam In 1st Quarter Of 2026

April 8, 2026April 6, 2026carlocarrasco

Vietnam successfully attracted a record 6.76 million foreign tourists in the first quarter of 2026, according to a news article by VnExpress. If the pace continues until the end of the year, it will help Vietnam break its current record of 21.2 million foreign tourists attracted in 2025.

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

Vietnam welcomed 6.76 million international visitors in the first three months of the year 2026, up 12% year-on-year and the highest quarterly figure ever recorded.

With nearly 2.1 million international visitors in March, Vietnam has for the first time achieved a new record of receiving over 2 million visitors for three consecutive months in a year, according to Vietnam National Administration of Tourism.

This result underscores the appeal, resilience, and growing strength of Vietnam’’s tourism sector amid an uncertain global environment, it added.

Of the total 6.76 million international visitors, 82.3% arrived by air, 15.5% by land, and 2.2% by sea.

The administration said that the dominance of air travel highlights Vietnam’s strong appeal to mid- and long-haul markets that are particularly sensitive to geopolitical shifts and fuel costs.

In the context of the Middle East conflict causing soaring oil prices and disrupting some international flights, the high number of visitors arriving by air reflects connectivity and affirms international tourists’ confidence in a safe, stable, and accessible destination, the administration added.

Mainland China and South Korea continue to be the two largest source markets for tourists to Vietnam, accounting for approximately 40% of the total international visitors.

Southeast Asian markets recorded strong growth, including Malaysia (up 21.5%), Singapore (30%), Cambodia (41%), Indonesia (44%), the Philippines (69%), and Thailand (6.5%).

Vietnam has set a target of receiving 25 million international tourists this year.

Let me end this piece by asking you readers: What is your reaction to this development? Have you thought about visiting Vietnam for vacation this year? What is the one location in Vietnam that you find attractive right now?

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

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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

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