money – Page 2 – Author Carlo Carrasco

Overstaying Chinese National Arrested For Parañaque Scam Operation

November 14, 2025November 6, 2025carlocarrasco

Recently in the city of Parañaque, elements of the Bureau of Immigration (BI) arrested an overstaying Chinese national who was caught in the act of running a scam operation in his residence, according to a BusinessWorld news report.

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

THE Bureau of Immigration (BI) has arrested a Chinese national allegedly operating a cryptocurrency investment scam in a condominium unit in Parañaque City.

In a statement on Wednesday, the BI said fugitive search unit (FSU) agents, working with the Criminal Investigation and Detection Group-National Capital Region (CIDG-NCR) and the Department of Justice Office of Cybercrime, apprehended a 41-year-old Chinese national on Monday, inside a residence along Diosdado Macapagal Blvd. in Barangay Tambo.

Authorities said the man was caught in the act of managing a computer workstation suspected of being used for online fraud. Intelligence reports earlier linked the location to another Chinese national believed to be running the operation with several accomplices.

He had also overstayed in the country, failing to extend his visa since October 2024, and was found to be working without a permit.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more Chinese nationals illegally staying and secretly doing scam operations? Are there many Chinese nationals living in your residential community 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.

+++++

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 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

Philippines October 2025 Inflation Settles At 1.7%

November 13, 2025November 5, 2025carlocarrasco

Inflation in the Philippines landed steady at 1.7% for the month of October, according to a Manila Bulletin business news report. By comparison, the inflation rate for September 2025 was at 1.7%.

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

The country’s inflation rate held steady at 1.7 percent in October, unchanged from the previous month and lower than the 2.3 percent recorded in October 2024, the Philippine Statistics Authority (PSA) reported on Wednesday, Nov. 5.

Headline inflation averaged 1.7 percent during the first 10 months of 2025, below the government’s two- to four-percent target range of annual consumer price increases deemed manageable and conducive to economic growth.

PSA data showed that the main drivers of inflation last month were housing, electricity, gas, and other fuels, which contributed 34.6 percent or 0.6 percentage point (ppt) to the overall headline rate.

Other major contributors to the stable inflation rate were restaurants and accommodation services, with a 14.6-percent share or 0.2 ppt, and food and non-alcoholic beverages, with a 13-percent share or 0.2 ppt.

National Statistician Claire Dennis S. Mapa noted that while rice and corn recorded faster negative inflation rates of 17 percent and 8.1 percent, respectively, challenges persist in other food groups. He said inflation for fish and other seafood rose to 8.2 percent in October from 7.9 percent in September.

The PSA also reported that inflation for oils and fats rose slightly to 9.4 percent in October from 9.3 percent in September, while fruits and nuts shifted from a positive inflation rate of 0.5 percent in September to a deflation of 1.4 percent in October.

“Rice is still going down in terms of month-on-month, but there are other items in the basket that are also increasing,” Mapa said.

Mapa reported that the average price of regular milled rice dropped to ₱40.09 per kilo in October from ₱50.22 in the same month last year, reflecting a 20.2-percent year-on-year decline. He added that prices also inched lower from ₱40.23 in September, indicating a continued month-on-month decrease of 0.3 percent.

For well-milled rice, Mapa said the average price fell to ₱46.49 per kilo in October from ₱55.28 in the same month last year, marking a 15.9-percent year-on-year decline. He added that the price was almost unchanged from ₱46.50 in September, indicating stable month-on-month movement.

For special rice, Mapa reported that the average price dropped to ₱56.39 per kilo in October from ₱63.97 in the same month last year, reflecting an 11.2-percent year-on-year decline.

“We can see, particularly the regular milled rice—it has a big year-on-year drop in terms of prices. This is about ₱10 per kilo, year-on -year, the average reduction in prices,” he added.

Mapa added that meat inflation declined from six percent to 5.2 percent, while vegetable price increases, though slowing down, remained elevated, easing from 19.4 percent to 16.6 percent. He also noted that, month-on-month, prices dropped more sharply in October compared to September.

PSA data also showed that inflation in October remained unchanged from the previous month for several sectors, including household operations, education services, and restaurants and accommodation.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think other types of food will get more expensive and possibly bring up the overall inflation rate higher 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.

+++++

I Love Israel: Israeli NGO And Local Partner Support Communities In Northern Cebu

November 11, 2025November 3, 2025carlocarrasco

NATAN Worldwide Disaster Relief – the Israeli-based, all-volunteer, non-profit NGO dedicated to helping people worldwide rebuild their lives with dignity after natural and human-made disasters – provided much needed assistance to people living in northern Cebu in tandem with local partner Operation Blessing Foundation Philippines, the Israeli Embassy announced on social media.

For the newcomers reading this, the entire island province of Cebu was struck hard by an earthquake on September 30, 2025, and the epicenter was off the coast (east) of northern Cebu. The massive earthquake was felt all over the Central Visayas region and in other parts of the Visayas as a whole. That being said, a lot of people living in the northern part of Cebu were affected the most as they were near the epicenter.

To put things in perspective, posted below is the content from the social media post of the Israeli Embassy. Some parts in boldface…

In the aftermath of a 6.9 earthquake that struck Northern Cebu, NATAN-Worldwide Disaster Relief deployed a volunteer team in partnership with Operation Blessing Foundation Philippines, Inc. to support affected communities. The Embassy of Israel in Manila commends their tireless efforts and unwavering commitment to humanitarian service.

Led by Head of Delegation Roni Diamant Avnon, alongside Ofira Ben Shlomo and other dedicated professionals, the team included two medical doctors and three social workers. They opened a free clinic, offering medical checkups and distributing Israeli medications to local residents.

The psychosocial team facilitated mental health support sessions, sharing practical techniques to help individuals and communities cope with trauma, stress, and emotional challenges. These sessions empowered local psychology students, teachers, and health workers to provide care and comfort amid ongoing aftershocks.

The Embassy of Israel in Manila is deeply moved by the resilience and solidarity of the people of Cebu. This mission reflects the enduring friendship between Israel and the Philippines, rooted in compassion, shared humanity, and mutual support.

This newest development shows the continuing growth of Israel-Philippines ties. Many times has Israel provided humanitarian aid and special assistance to victims of disasters here in the Philippines. If your local community badly needs assistance from NATAN, visit them online at https://natanrelief.org/

Long before I visited Israel in 2023, there was a time when I worked and lived in Cebu. While it has been thirteen years since that last time I set food in Cebu, I was disturbed by the news of the September 30 earthquake as I have lots of friends there. As such, to see Israelis (and its local partner) helping Cebuanos affected by the earthquake is deeply inspiring. As some of you already know, I love Israel and the Jewish people in accordance to my uncompromising faith in Lord Jesus.

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.

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!

+++++

Trump Highlights Bright Spots Of US Economy Under His Leadership

November 7, 2025November 6, 2025carlocarrasco

During his speech at a major business forum held in Miami, Florida, US President highlighted bright spots of the national economy that were realized during his administration this year, according to a news report by Breitbart. It should be remembered that Trump was re-elected last year and there was series of economic hardships (including the worst inflation in decades) during the four years of failed US President Joe Biden.

To put things in perspective, posted below is an excerpt from Breitbart’s news report. Some parts in boldface…

President Donald Trump touted economic bright spots–including rising wages, lowering costs of goods, and falling interest rates–during his speech at the American Business Forum in Miami, Florida, on Wednesday.

Trump noted that under his presidency, miner wages have risen by an average of almost $5,000, construction worker wages have climbed by $2,200, and factory worker wages are up $1,300.

While wages are up, prices on many key goods are falling. Trump touted Walmart’s announcement that the average Thanksgiving Dinner will see a substantial drop this year. As Breitbart News reported late last month, Walmart’s bundle to feed 10 on Thanksgiving will run just under $40, averaging about $4 per person.

This is down from the average of $7 per person under last year’s pricing, when President Joe Biden was commander-in-chief on the heels of the 40-year-high inflation his and Democrat lawmakers’ economic policies brought upon Americans.

Trump also highlighted that egg prices are down 85 percent since March. In comparison, the Biden-Harris administration oversaw a 147 percent increase from the beginning of their administration through August 2024, just months before Trump’s historic election win on November 5, the first anniversary of which was Wednesday.

Other areas of dwindling costs Trump touted included energy prices and the typical new mortgage costs, which have dropped $3,000 this year. Moreover, interest rates are down to the 3.75-4 percent range after a second-quarter point rate cut this year at the end of October, as Breitbart News reported.

Trump touted job statistics as well on Wednesday, noting that 1.9 million more natural-born Americans are employed since he took office, and all new jobs created under him have been through the private sector.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US economy is on the verge of taking off in connection with the many positive economic developments that happened since Trump returned as President? Are Americans becoming better off economically today than four years prior?

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

+++++

I Love Israel: Israel Exploring Opportunities Of Cooperation With The Philippines On Tourism, Cybersecurity And More

November 5, 2025October 28, 2025carlocarrasco

During an important discussion with the Manila Bulletin, Israeli Ambassador to the Philippine Dana Kursh stated that the Jewish state and the Philippines are exploring opportunities of cooperation over important topics such as tourism, cybersecurity, trade and direct flights, the newspaper reported.

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

The Philippines and Israel are exploring “more avenues of cooperation”—including a possible free trade agreement, direct flights between the two countries, and cybersecurity agreements—that will improve the “bond” that has been going strong since World War II, Israel Ambassador to Manila Dana Kursh said on Monday, Oct. 27.

In an exclusive roundtable discussion with The Manila Bulletin, the envoy underscored the importance that Israel puts in the Philippines, citing high-level visits of its ministers for foreign relations, economy, and tourism, as well as its deputy foreign minister.

“That shows that the Israeli government thinks very highly of the Philippines because it is working top down—our Prime Minister said look east and he specifically said also the Philippines and our ministers are coming here to explore more avenues of cooperation,” she said.

“So, this is one time that it relies on the past and it looks at the present and if we are looking at the future there are two things that are important,” she added.

The first, Kursh shared, is the possible free trade agreement (FTA) between the two countries, of which discussions on building the mechanisms have already started in July.

“So, hopefully, there will be a free trade agreement. We are now just finalizing things so, we initially started in July and when it’s done, the potential of bond between the two nations will become even more,” she pointed out.

PH, Israel eye revival of direct flights – Another important component of this relationship is the establishment of direct flights.

Noting the big potential of tourism between the two countries, the ambassador lamented the travel advisory currently raised in Israel by the Philippine government.

“We have to move aside is a travel advisory. I know that tourists are still coming despite the travel advisory, but we need to overcome this challenge and God willing, now with the voices, with the wind of peace from our region, I do hope that the DFA will decide, together with other ministries, will decide to lift this,” she said.

Travel Alert Level 2 is currently raised in Israel, which reminds Filipinos to avoid non-essential travel to the country. This includes, among others, tourism visits, pilgrimages, temporary stays with relatives and friends, volunteer work, sports events, entertainment, and similar activities.

After going past that hurdle, Kursh said the two countries can start discussion two possible options for direct flights, with one options having only direct flights on a certain amount of days a week.

The envoy added they have already met with the country’s flag carrier Philippine Airlines on how the direct flights will benefit the company.

“I do hope that more and more Filipinos will come to Israel and vice versa more and more Israelis will come to more than 7,000 mini paradise that we have in the Philippines.”

“So if I’m trying to answer, I think that God willing, within the next year and a half, we’ll be able to reach some progress, or even, but I cannot commit, we cannot commit to what’s going on in Israel, and at the end of the day, because it’s a decision of the airlines, we need to find ways to create the best formula that will be a win-win,” she added.

According to Kursh, there are some 30,000 or 40,000 tourists on both sides, but the “potential is tremendous.”

Cybersecurity partnership – Pointing out Israel’s expertise in technology, Kursh also said that her country has “added value” when it comes to exchanging best practices on innovation and technology, including cybersecurity.

“So, it’s both business and both tourism, we need to provide in our nations, to other next generation, we need to provide them food security and we need to provide cybersecurity and we need to provide them with health, with mental health and physical health and in all those realms and more Israelis and Filipinos can work together to have a better future for everyone,” she added.

This newest development shows the continuing growth of Israel-Philippines ties and Ambassador Kush pointed out the high-level visits of ministers from the Jewish state. In my view, the Philippines and Israel can become greater partners than they are today. Apart from travel, Israelis and Filipinos can help each other out in business, cybersecurity, and trade. We all have to pray that the Philippines and Israel will work together more closely sooner than later.

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.

Always be the fearless and aggressive church of Lord Jesus!

+++++

I Love Israel: Philippines Is A Priority Market For Israel On Tourism

November 4, 2025October 28, 2025carlocarrasco

Following the end of the 2-year war in Gaza and the return of twenty living hostages connected with US President Donald Trump’s peace plan for Gaza and the Middle East, there is now a renewed optimism in Israel particularly on tourism and that includes efforts to revive the travel sector while providing foreigners new opportunities to visit the Holy Land. Israel made clear that it sees the Philippines as a priority market on tourism, according to a news article by the Philippine News Agency (PNA).

For the newcomers reading this, I myself had visited Israel on a pilgrimage tour with my local church in 2023. You can read some of my blog posts by clicking here, here, here, here, here and here. My faith in Lord Jesus is uncompromising and I will always stand in support of Israel and its people.

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

Israel sees the Philippines as a “priority” market in its efforts to revitalize its tourism sector, its tourism ministry said.

Intense promotions and trade engagement are underway in Asia following the “renewed travel optimism” seen after the Gaza ceasefire deal was signed this October, according to the Israel Ministry of Tourism (IMOT).

The agency, during its participation at the recent Internationale Tourismus Borse (ITB) Asia 2025 travel event in Singapore, underscored Israel’s intent to deepen ties across Asia’s high-growth travel markets and highlighted the destination’s “evolving identity that unites its heritage and modern leisure offerings.”

“The enthusiasm we’ve seen from Filipino travelers and partners at ITB Asia truly reflects how Israel remains a top bucket-list destination for many Filipinos,” Anna Oraiza Aban, marketing manager at IMOT’s Philippine office, said on Friday.

“With visa-free access for Philippine passport holders, we’re confident that more Filipinos will soon turn their dream trips into reality. The strong interest from the market and travel trade inspires us to continue developing experiences that connect deeply with Filipino travelers, whether through faith, culture, or adventure.“

In a briefer, IMOT said insights from ITB Asia 2025 will guide its regional strategy through 2026, with emphasis on joint marketing campaigns, airline collaborations, and education programs to build awareness and drive sustainable visitor growth in Asia.

Israel received 118,200 tourists in August, a 39 percent increase from July. Between January and August, it recorded 814,000 tourist arrivals, up from 672,400 in the same period last year.

“Asia has been a key market for Israel with India, Indonesia, the Philippines, China, and South Korea leading,” IMOT said.

“This steady rise shows Asia’s growing confidence and curiosity in Israel’s mix of culture, culinary, eco-conscious, wellness, and adventure travel experiences,” it added.

This newest development shows the continuing growth of Israel-Philippines ties and I am confident that new travel breakthroughs between Israel and the Philippines plus other nations in Asia will happen. That means better commercial and investment opportunities, and more people in Asia will be able to visit the Holy Land in Israel and witness the Holy Bible come to life during their visit. This also means more Asian travelers – the faithful and those who are still spiritually lost – will have golden opportunities to realize that Lord Jesus is the hope of all nations!

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.

Always be the fearless and aggressive church of Lord Jesus!

+++++

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

November 3, 2025October 25, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

+++++

BPI Warns Public About Rise Of Smishing Scams Ahead Of Christmas Season

November 2, 2025November 2, 2025carlocarrasco

With the Christmas season approaching, Bank of the Philippine Islands (BPI) warned the public about the rise of smishing as criminals have changed their strategies and used more sophisticated technology to steal people’s money, according to a Manila Bulletin news report.

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

Ayala-led Bank of the Philippine Islands (BPI) is cautioning clients about a sharp, pre-holiday surge in online banking fraud linked to smishing, noting that criminals’ tactics have evolved from simple text scams to using highly sophisticated tools to steal money.

“Consumer complaints are increasing… a lot of it is seasonal. During Christmas, when people receive their bonuses, these cases really go up,” Jon Paz, BPI enterprise information security officer and data protection officer, said during the bank’s cybersecurity roundtable with the media on Wednesday, Oct. 22.

Paz reported that around eight out of 10 online banking fraud cases last year were perpetrated through smishing attacks using International Mobile Subscriber Identity (IMSI) catchers and rogue apps.

He further noted that there were almost zero IMSI-catcher-related fraud cases in 2024, but incidents began appearing around December and skyrocketed by the second quarter of this year.

“Some of the authorities reported that those who were caught were reporting to Chinese nationals,” Paz added.

An IMSI catcher is a fake cell tower device used by scammers to intercept mobile signals and steal users’ personal and banking information.

Meanwhile, a rogue app is a malicious or fake mobile application that tricks users into granting permissions or entering credentials, allowing scammers to harvest personal and banking data.

Despite the increasing number of consumer complaints in the banking industry, Paz noted that BPI’s risk tolerance is “low—one incidence of fraud is one too many for us.”

While the bank cannot disclose its total allotment for app enhancements, BPI Chief Technology Officer Alex Seminiano stated that nearly 60 individuals are working across various functions—business, technology, and operations—to enhance the bank’s mobile app.

BPI said its mobile apps are equipped with an evolving security layer that can detect risky environments and devices, such as those that are jailbroken, use overlays, or allow side-loading, to prevent potential breaches.

Let me end this post by asking you readers: What is your reaction to this development? Are you concerned that smishing will affect members of your family or those in your local community? Were you scammed online during the past six months? How many people in your local community are aware of smishing right now? Did you receive any text messages that tried to convince you to hit the link provided?

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

+++++

Leechiu Property Consultants See Bright Future Ahead For Philippine Tourism Due To Key Factors

October 28, 2025October 19, 2025carlocarrasco

There is no denying the fact that the Philippines is having trouble attracting foreign tourists this year but for Leechiu Property Consultants there is still a bright future ahead for the nation’s tourism industry due to growth in domestic tourism and a few other factors, according to a Manila Bulletin news report.

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

Although Asian tourist arrivals decline, the Philippine tourism industry is still perceived to be entering “a new era of opportunity” because of the growth in domestic tourism, improved flight connectivity, and the 99-year lease reform.

Leechiu Property Consultants said in its third-quarter media briefing that, as investors refocus on long-duration assets, the country’s hospitality and leisure industries are expected to see renewed capital flows and expanded capacity through 2026.

“With the anticipated growth in domestic and long-haul tourism, along with increased hospitality FDIs (foreign direct investments) driven by the newly-approved 99-year lease to foreign investors, the tourism sector is poised to strengthen its position as a key investment area and a vital pillar of the Philippine economy,” said LPC Director of Hotels, Tourism, and Leisure Alfred Lay.

He said the sector continued its steady recovery in the third quarter of 2025, but “while there are signs of resilience, no significant shifts have yet created real momentum in foreign arrivals. Without a major catalyst, arrivals are unlikely to surpass 2024 levels.”

Traditional leaders, such as South Korea and China, show steep declines, while the USA, Japan, and Australia are emerging as stronger contributors, reflecting changing travel patterns and opportunities to diversify source markets.

While international arrivals remain below pre-pandemic peaks, Lay said “domestic travel is surging toward historic highs, establishing a solid foundation for long-term tourism growth and investment confidence.”

Domestic tourists are projected to reach 58.7 million in 2025, rising further to 62.2 million in 2026, a trajectory supported by the country’s forecast gross domestic product growth by 7.63 percent and 5.8 percent in 2025 and 2026, respectively.

Over the past two decades, domestic tourism spending has outpaced GDP, underscoring the sector’s resilience and capacity to drive nationwide economic activity.

Meanwhile, rising travel demand has spurred a wave of hotel developments nationwide, with a total of 5,210 new keys to be added in 2025—over 4,300 of which are expected to open in the fourth quarter.

A majority of these projects are led by domestic operators, reflecting local developers’ agility in capturing demand across destinations such as Metro Manila, Cebu, Boracay, Davao, and Palawan.

Lay said the newly approved 99-year lease law has created a strong foundation for long-term tourism investment as it provides global investors with the security to pursue large-scale resort and mixed-use developments.

Over time, the law is expected to stimulate foreign direct investment in tourism and hospitality, similar to the trends observed in the Maldives, where long-term leases have transformed the sector into a global investment hotspot.

Let me end this post by asking you readers: What is your reaction to this development? Do you think domestic tourism, improved flight connectivity and the 99-year lease reform will boost Philippine tourism in the short-term? Do you think domestic tourism will keep on growing to life up the nation’s tourism industry as a whole?

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

+++++

DEPDev Secretary Says Philippines Likely To Hit Low-End Of 2025 GDP Growth Target

October 26, 2025October 17, 2025carlocarrasco

Recently the Secretary of the Department of Economy, Planning, and Development (DEPDev) expressed confidence that the economy of the Philippines will hit the low-end target of GDP growth for 2025, 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…

Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan said he is confident Philippine economic growth will hit the lower end of the target this year, despite a slowdown in the third quarter.

“The growth that we are expecting for 2025 is now 5.5 to 6.5% The low-end of the range is still very much achievable,” he told reporters on the sidelines of an event on Oct. 16.

Economic managers will meet next week to assess whether revisions to this year’s growth outlook are needed, he added.

Budget Secretary and Development Budget Coordination Committee (DBCC) Chairperson Amenah F. Pangandaman on Wednesday told BusinessWorld that the gross domestic product (GDP) target for 2025 “remains attainable.”

Finance Secretary Ralph G. Recto earlier said flagged a slowdown in the third quarter and possibly until early 2026 as corruption probes curb public spending.

Aside from slower public spending, Mr. Balisacan said weather disruptions may have dampened economic activity in the July-September period.

“There may be a bit of a slowdown (in third quarter) because of these supply shocks that we have seen. There are so many typhoons that we have seen during the quarter, many days of work suspension. So economic activity is really affected,” he said.

Asked whether third quarter growth could fall below the 5.5% annual GDP growth in the second quarter, Mr. Balisacan said: “Hopefully not.”

Let me end this post by asking you readers: What is your reaction to this development? Would you be satisfied to see the economy of the Philippines grow by 5.5% this year? Do you think there will still be a lot of challenges and problems in the 4^th quarter that could somehow bring economic growth below 5.5% for the entire 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.

+++++

	Shaman Tiers on A Look Back at Fatale #1 …
	Luke on Trump Administration Weighs Hi…
	Instapundit »… on Trump Administration Weighs Hi…
	Roaming Rhonda on Christian Music Appreciation:…
	Instapundit »… on Trump Administration Rescued O…

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this: