Tag: money

500 Solo Parents Of Las Piñas City Receive Quarterly Aid

500 Solo Parents Of Las Piñas City Receive Quarterly Aid

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Recently in the City of Las Piñas, five hundred local solo parents received their quarterly aid amounting to P3,000 each, according to a news report by the Manila Bulletin. Mayor April Aguilar led the distribution.

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

Las Piñas City has given ₱3,000 in quarterly aid to 500 solo parents, part of its program to ease the financial strain of raising families alone.

Mayor April Aguilar led the distribution at the Aguilar Sports Complex, with each beneficiary receiving the subsidy equivalent to ₱1,000 per month, released every quarter.

Aguilar said the assistance is meant to help solo parents cover daily needs such as food, education, transportation, and household expenses.

She noted that single parents carry the full responsibility of raising children, making government support vital to improving their quality of life.

Beneficiaries thanked the city government, saying the quarterly aid will help them manage household costs and provide added support for their children.

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? How many members of your local community are solo parents who are qualified to receive quarterly aid?

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

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Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

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The Subic Bay Metropolitan Authority (SBMA) has officially launched the Swiss challenge for the P7 billion proposal for the upgrading and management of the Subic Bay International Airport (SBIA) and this opened the field for entities to submit their proposals challenging the existing proposal of Cerberus Asia Pacific Investments LLC, according to a Manila Bulletin news report.

For previous blog posts about the SBIA project, click here, here and here.

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

The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.

In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.

SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.

Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.

Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.

Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).

“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.

Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.

The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

SBMA noted that the airport’s location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.

“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.

In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.

The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.

“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.

“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.

By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.

The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.

With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be a lot of corporations locally and overseas that will submit their Subic Bay International Airport proposals to the SBMA? When was the last time you arrived at the international airport in the Subic Bay Freeport Zone?

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

13.9 Million Foreign Tourists Arrived In Vietnam During First 7 Months Of 2026

13.9 Million Foreign Tourists Arrived In Vietnam During First 7 Months Of 2026

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With tourism industry of Vietnam is undeniably growing rapidly as almost fourteen million foreign tourists arrived there during the first seven months of 2026, according to report by VnExpress.

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

Vietnam welcomed 13.9 million international arrivals during the first seven months this year, up 13.8% from a year earlier, as the country’s image as a safe and stable destination continued to attract travelers amid geopolitical tensions worldwide.

In July alone, the number of foreign visitors to Vietnam reached 1.67 million, down 0.7% year-on-year, according to the General Statistics Office (GSO).

Mainland China remained the largest source of visitors so far this year with 3.08 million, followed by South Korea with 2.38 million.

The rest of the top 10 were Russia, Taiwan, the U.S., Cambodia, India, Japan, the Phillippines and Australia.

Let me end this piece by asking you readers: What is your reaction to this development? Considering how many foreign tourists it attracted so far this year, do you think Vietnam will eventually hit 24 million foreign tourist arrivals by the end of 2026? Do you think the new Long Thanh International Airport will somehow help attract a large number of overseas travelers once it starts operating this December?

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

Philippines July 2026 Inflation Still Above Government Ceiling

Philippines July 2026 Inflation Still Above Government Ceiling

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Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

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

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?

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

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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

Vietnam Surpasses Thailand As Southeast Asia’s 2nd Largest Aviation Market

Vietnam Surpasses Thailand As Southeast Asia’s 2nd Largest Aviation Market

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With its booming tourism industry making huge economic impact, Vietnam surpassed Thailand as and emerged as the 2nd largest aviation market in Southeast Asia this past July, 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 surpassed Thailand to become the second largest Southeast Asian aviation market with 7.4 million seats in July, an increase in capacity of 5.6% year-on-year, according to a report by British aviation analytics firm OAG.

Indonesia remained the largest Southeast Asia market with 10.9 million seats, up 0.3% year-on-year.

Thailand, which held the second spot in previous months, slipped to third place with 6.9 million seats, a 3% reduction in capacity, followed by Malaysia and the Phillippines. The report said capacity reduced in Malaysia, Thailand and the Philippines due to the Middle East crisis.

Vietnam Airlines is the largest airline in Southeast Asia in July with 2.81 million seats, growing by just 0.1% year-on-year, according to OAG.

Overall capacity in the Southeast Asian market reduced by 1.2% compared to July last year to 50.4 million seats due to rising fuel costs triggered by political tensions in the Middle East, OAG reported.

Let me end this piece by asking you readers: What is your reaction to this development? Considering its rapidly growing tourism industry, were you surprised that Vietnam registered 7.4 million seats this past July? Considering what was achieved recently, do you think Vietnam will grow further as an aviation market once its new Long Thanh International Airport becomes operational?

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

Joint Yen-Buying By Japan And America Confirmed

Joint Yen-Buying By Japan And America Confirmed

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For the first time in fifteen years, Japan and the United States conducted a joint buying of Yen following the Japanese currency’s continued weakness to the U.S. Dollar which Finance Minister Satsuki Katayama confirmed yesterday, according to a Kyodo News report. The Yen fell to almost 164 to the U.S. Dollar on July 23.

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

Japan and the United States conducted coordinated yen buying Friday, Finance Minister Satsuki Katayama said, their first joint market intervention in 15 years, with the two nations ready to act again if necessary.

The intervention during New York trading on Friday came after the yen hit 163.99 to the U.S. dollar on July 23, its weakest level in around 40 years, amid mounting fears about Prime Minister Sanae Takaichi’s expansionary but vaguely funded fiscal policy.

“This joint action was taken pursuant to the U.S.-Japan Finance Ministers’ Joint Statement issued in September 2025 and countered the excessive volatility and disorderly movements of the Japanese yen in recent months,” Katayama said in a statement on Monday.

“The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury. We will not hesitate to conduct a further joint intervention,” she added.

After warnings by Katayama and U.S. Treasury Secretary Scott Bessent of additional action to prevent the Japanese currency from depreciating, the yen briefly surged to the lower 155 level from the upper 157 range on Monday morning.

While joint currency interventions by the countries are usually reserved for emergencies, Japan has been struggling with the yen’s depreciation, which has increased import costs, threatening to accelerate inflation and jack up yields on long-term Japanese government bonds.

Washington is also believed to be wary of rising long-term Japanese interest rates pushing up U.S. rates before the congressional midterm elections in the fall, analysts said.

The previous Japan-U.S. intervention was carried out to stem the yen’s rise after the massive earthquake and tsunami in northeastern Japan in March 2011.

Katayama told reporters in Tokyo that Friday’s coordination between Japan and the United States was aimed at linking Tokyo’s “economic security to its unwavering alliance” with Washington.

She stressed the countries’ “close coordination” since the release of their joint statement last September, which confirmed interventions should be reserved for combating excessive volatility as well as “disorderly depreciation or appreciation.”

Japanese and U.S. authorities have pledged to take decisive action “against disorderly moves at any time,” Katayama said.

Atsushi Mimura, Japan’s top currency diplomat, called the latest coordinated intervention a “completed form” of the Japan-U.S. currency alliance, emphasizing the two countries would continue to respond “without missing a beat.”

Saying Japan “wanted a little bit of help,” President Donald Trump indicated Sunday in the United States that Washington had conducted a yen-buying intervention at the request of Takaichi’s government. He told reporters the action would benefit his nation economically.

He added, “We’re always there for Japan. Japan’s been very good to us, with the exception, of course, of Pearl Harbor,” referring to Japan’s 1941 surprise aerial attack on a naval base in Hawaii that resulted in the U.S. entry into World War II.

In New York on Friday, the yen surged to the lower 157 level against the dollar, with Japanese government sources confirming a yen-buying intervention by currency authorities.

The move came after the yen briefly soared to the 157 range Thursday, gaining nearly 5 yen in about 50 minutes before dropping back to the 160 level, as a result of a currency intervention by Japan later confirmed by market and government sources.

On Sunday, Bessent wrote on social media that the intervention “countered disorderly yen movements,” adding the United States would “not hesitate” to conduct further joint currency intervention with Japan, echoing Katayama.

He also said, “We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen.”

Let me end this piece by asking you readers: What is your reaction to this development? What do you think the joint buying of Yen by the US and Japan will lead to further stabilization economically in the short term? Do you think this joint move will somehow boost both nation’s economies?

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

Several Entertainment Venues In Thailand Ordered To Shut Down

Several Entertainment Venues In Thailand Ordered To Shut Down

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Following the raid of illegal hotels in Phuket, Thailand, the local authorities in Bangkok issued orders to almost eighty entertainment venues to shut down over widespread licensing and safety violations, according to a VnExpress news report.

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

Authorities in Bangkok, Thailand’s nightlife hub, have ordered 79 entertainment venues to suspend operations after a week-long inspection campaign uncovered widespread licensing and safety violations across the capital.

Nineteen establishments were ordered to suspend live music performances for lacking the required entertainment permits, while 60 businesses were temporarily shut down for operating without valid licences, Thairath Online news site reported.

The inspections, carried out between July 19 and 26, covered 865 of the city’s 1,204 targeted entertainment venues, or about 72% of the total, Deputy Bangkok Governor Pornphrom Vikitsreth said as quoted by The Nation.

The inspections came after a fire tore through a beer hall and live music venue in Bangkok’s Chatuchak District on July 12, killing 36 people and injuring 70 in Thailand’s deadliest blaze in more than a decade.

Authorities said inspections of entertainment venues and similar businesses will continue across Bangkok to strengthen public safety, ensure operators comply with regulations and restore confidence among both local patrons and foreign tourists visiting the city’s nightlife districts.

Let me end this piece by asking you readers: What is your reaction to this development? If you plan to visit Bangkok soon, do you think the current crackdown by the local authorities will make the city safer for tourists?

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

Number Of Japanese Nationals Falls Below 120 Million

Number Of Japanese Nationals Falls Below 120 Million

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The population of Japanese nationals has officially declined to less than one hundred twenty million which is the lowest figure in more than forty years, according to a news report by Kyodo News. Meanwhile, the number of foreign residents has surpassed four million.

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

The number of Japanese nationals fell below 120 million for the first time in 42 years to 119,736,483 at the start of this year, the government said Wednesday, underscoring the challenges faced by a nation battling declining birth rates.

The figure as of Jan. 1 showed a drop of 917,000 people from a year earlier, the largest fall since comparable data became available in 1968, according to data from the Ministry of Internal Affairs and Communications.

The number of foreign residents, meanwhile, rose 354,000 to a record 4,031,159. The ministry began compiling relevant data in 2013.

Despite government efforts to reverse the declining birth trend, the country recorded around 670,000 births, a record low, compared with around 1.59 million deaths.

Of Japan’s 47 prefectures, Tokyo was the only one that reported an increase in the number of Japanese nationals, up 0.09 percent.

Faced with labor shortages, Japan has been gradually opening its doors to foreign workers. The number of foreign residents rose for the fourth consecutive year as more people came to Japan in search of job opportunities.

The share of working-age people among foreign residents rose to 86.17 percent.

The prefecture with the largest increase in the number of foreign residents was Hokkaido, at 14.89 percent, followed by Okinawa at 14.36 percent and Oita at 13.90 percent.

Let me end this piece by asking you readers: What is your reaction to this development? What do you think the Japanese government should do to stop the decline of the Japanese population while limiting the growth of foreign residents? Should Japan implement a ban on Islamic immigration as well as a travel ban on nations like Pakistan and Bangladesh?

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

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

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The Subic Bay Metropolitan Authority (SBMA) announced that it has released almost P220 million in revenue shares to the City Government of Olongapo and seven other local government units (LGUs).

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

The Subic Bay Metropolitan Authority (SBMA) released a total of PHP 218,115,671.26 in revenue shares to eight local government units (LGUs) contiguous to this premier freeport zone.

SBMA Chairman and Administrator Eduardo Jose L. Aliño said that this amount released on Tuesday, July 21, 2026, represents the revenue shares for the first semester of 2026, which is 10.24 percent higher than that of last year’s comparative period.

The recipient LGUs are Olongapo City, the municipalities of Subic, San Marcelino, Castillejos, and San Antonio in Zambales, and the towns of Dinalupihan, Hermosa, and Morong in Bataan.

Taking into account the population and land area, Olongapo was allocated the largest amount of PHP 50,420,165.72, received by Olongapo City Mayor Atty. Rolen Paulino, Jr. This was followed by Subic, Zambales, which received PHP 32,871,521.46, accepted on behalf of Mayor Jonathan John Khonghun.

The remaining LGUs received their allocations as follows: Dinalupihan, Bataan, with PHP 27,438,313.68, accepted on behalf of Mayor German Santos, Jr.; San Marcelino, Zambales, with PHP 26,272,445.97, received by Mayor Elvis Soria; Hermosa, Bataan, with PHP 23,422,520.27, accepted on behalf of Mayor Atty. Anne Adorable-Inton; Castillejos, Zambales, with PHP 19,817,470.23, received on behalf of Mayor Jeffrey Khonghun; Morong, Bataan, with PHP 19,340,287.10, received on behalf of Mayor Leila Linao-Muñoz; and San Antonio, Zambales, with PHP 18,532,946.83, received by Mayor Dr. Arvin Antipolo.

The LGU shares are sourced from five percent corporate taxes paid by business locators in the Subic Bay Freeport. They are distributed among LGUs based on population (50%), land area (25%), and equal sharing (25%).

OIC-Deputy Administrator for Finance Editha Marzal, along with the finance team, led the distribution of the LGU shares.

Marzal noted that the net shares distributed to the LGUs include not only the current collection period’s allocations but also the 10 percent retention withheld during the first semester of the 2024 distribution.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you see the increased amount of revenue shares as a sign of better economic activities and finances within the Subic Bay Freeport Zone? Do you think the revenue shares would be higher once the Luzon Economic Corridor (LEC) and Pax Silica activities finally start economic activities 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

Time For The Philippines To Revisit Nuclear Energy Production

Time For The Philippines To Revisit Nuclear Energy Production

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During his recent State of the Nation Address (SONA), Philippine President Ferdinand “Bongbong” Marcos, Jr., declared that it is time for the nation to revisit nuclear energy production, according to a news report by GMA News.

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

President Ferdinand “Bongbong” Marcos Jr. on Monday said it is time to revisit nuclear energy production, as he touted some 200 energy projects in the pipeline in a bid to boost the country’s power supply and bring down power rates.

In his fifth State of the Nation Address (SONA), Marcos said the administration is working to revisit nuclear energy, as it is already being used in medicine, agriculture, water filtration, and the upcycling of plastic.

“Pushing the envelope further, perhaps it is time for us to revisit nuclear energy production,” he said, noting confidence in its capacity “to reinforce our energy security and bring down the cost of electricity in our country.”

“Titiyakin nating ito ay ligtas. Titiyakin din nating maipaliwanag nang mabuti sa publiko ang magandang dulot sa atin ng enerhiyang nukleyar” he added.

(We will make sure that this is safe. We will also make sure to explain the benefits of nuclear energy properly to the public.)

According to Marcos, the administration has a pipeline covering some 200 power projects across the country that will have a combined capacity of nearly 10,000 megawatts (MW) — 45 of which have already been completed, while 31 are set to be completed this year. The remaining 124 are targeted to be completed by 2028.

These are on top of 1,700 megawatts that the projects will contribute to energy storage systems, which Marcos said will boost energy security.

“Ang mga proyektong ito ay napabilis nang dahil sa mga bagong patakaran at proseso na nagpapadali ng pagnenegosyo dito sa ating bansa, para sa mga Pilipino at dayuhang negosyante,” he said.

(These projects were expedited because of the new regulations and processes that eased doing business here in the country for Filipinos and foreign investors.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the highlighting of nuclear energy production in the State of the Nation address will lead to breakthroughs for a nuclear-powered Philippines? Are people in your local community still afraid of nuclear energy? Do you think unchecked corruption inside the government of the Philippines will derail any nuclear-related efforts?

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