news – Page 104 – Author Carlo Carrasco

Filinvest REIT Corp. (FILRT) remains as one of the top taxpayers in Muntinlupa City

April 1, 2024March 20, 2024carlocarrasco

Recently in the progressive City of Muntinlupa, Filinvest REIT Corp. (FILRT) was recognized by the City Government as one of the Top 10 taxpayers in the city and this is also the 3^rd consecutive year the corporation made it in the prestigious rankings, according to a Malaya Business Insight news report.

For the newcomers reading this, Filinvest REIT Corp. (FILRT) describes itself as “a real estate investment trust backed by Filinvest Land, Inc. (FLI), one of the largest property developers in the Philippines with an established portfolio of residential, office, retail and industrial developments around the country.”

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

Filinvest REIT Corp. (FILRT), the pioneering real estate investment trust (REIT) arm supported by Filinvest Land, Inc. (FLI), and renowned as the country’s first sustainability-themed REIT, has once again received recognition as one of Muntinlupa City’s top taxpayers for the third consecutive year. Acknowledged alongside nine other esteemed businesses by the city, under the guidance of Hon. Mayor Ruffy Biazon, FILRT has been commended for its significant contribution to the city’s economic progress, bolstering various local government initiatives such as scholarships, healthcare, and security infrastructure.

Maricel Brion-Lirio, FILRT President and CEO, affirmed, “We are steadfast in our commitment to embedding sustainability in our Muntinlupa developments, and we remain dedicated to investing in projects and endeavors that champion environmental and social responsibility. FILRT and FLI stand as steadfast allies of the government, offering unwavering support for the city’s continuous pursuit of advancement.”

FILRT currently owns and manages 16 eco-efficient buildings encompassing over 280,000 square meters of gross leasable area within Northgate Cyberzone, an IT BPO campus-style hub accredited by the Philippine Economic Zone Authority (PEZA) in Filinvest City, Alabang, Muntinlupa City. Notably, FILRT’s office property portfolio boasts a globally competitive tenant mix predominantly consisting of blue-chip BPO companies.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted to see how much socio-economic progress FILRT contributed to the city? Are many members of your local community working in a company occupying properties within the Northgate Cyberzone or at Filinvest 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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Flavors of NCR set for April 19-20, 2024 at Filinvest City Central Park in Muntinlupa

March 28, 2024April 1, 2024carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government announced via social media that prestigious Flavors of NCR will be hosted locally on April 19 and 20, 2024 at Filinvest City Central Park (the venue). There will be a wide variety of culinary delights from cooks representing the many cities of the National Capital Region (NCR) and there will also be some amusement for attendees to enjoy.

To put things in perspective, posted below is an excerpt from the social media post of the City Government. Some parts in boldface…

Savor the diverse culinary delights of the metro at Flavors of NCR! This exciting event, brought to you by the Association of Tourism Officers – NCR since 2022, invites you to join us on April 19-20, 2024, at the picturesque Filinvest City Central Park in Alabang, Muntinlupa. Get ready for a culinary extravaganza where you can explore and indulge in the best of local cuisines from across the National Capital Region.

*The visual announcement of Flavors of NCR for 2024. (photo source – City Government of Muntinlupa Facebook page)*

As you feast on delectable dishes, immerse yourself in the vibrant atmosphere with captivating performances by cultural groups and brass bands representing various LGUs. It’s more than just a food festival; it’s a celebration of our rich culinary heritage and cultural diversity.

Mark your calendars for this unforgettable weekend filled with flavors, music, and fun!

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you intend to attend the Flavors of NCR at Filinvest City Central Park this month? When was the last time you attended a major food festival? Have you been to the Filinvest City Central Park lately?

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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Achievements in public service celebrated in Las Piñas City

March 28, 2024March 27, 2024carlocarrasco

Recently in the City of Las Piñas, the City Government celebrated the recent accomplishments and the outstanding contributions of some key officials, 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…

The Las Piñas City government cited the accomplishments and outstanding contributions of some key city officials during its regular Monday flag-raising ceremony on March 18 held at the City Hall grounds.

City police chief Col. Sandro Tafalla was commended for his exceptional leadership.

Las Piñas Vice Mayor April Aguilar and Department of Interior and Local Government (DILG)-National Capital Region Las Piñas City Director Patrick John Megia lauded Tafalla and his team for their successful police operations that have significantly contributed to the city’s safety and order.

Aguilar said the Bureau of Fire Protection (BFP) awarded Barangay Almanza Uno for its achievement in public safety preparedness and for being the champion at the 11th Inter-Barangay Fire Olympics held last Saturday, March 16.

She said the award reflects the community’s commitment in enhancing their responsiveness and skills in fire safety and prevention.

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? Are you delighted with the services or the contributions made by the officials who were cited?

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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P170.6-billion NAIA deal signed

March 28, 2024March 18, 2024carlocarrasco

Recently at Malacañang Palace, the ambitious P170.6 billion agreement to rehabilitate and modernize the Ninoy Aquino International Airport (NAIA) was formally signed in the presence of President Ferdinand “Bongbong” Marcos Jr., House Speaker Martin Romualdez and Executive Secretary Lucas Bersamin which symbolically starts the public-private partnership, according to a Philippine News Agency (PNA) news article.

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

The PHP170.6-billion Public-Private Partnership (PPP) agreement for the rehabilitation of the Ninoy Aquino International Airport (NAIA) is expected to herald economic growth through better collaborations with both local and foreign investors, Transportation Secretary Jaime Bautista said Monday.

At the signing of the concession deal between the Department of Transportation (DOTr) and the New NAIA Infra Corp. (NNIC) in Malacañang, Bautista said the PPP project would “open floodgates” of opportunities from investments, business, tourism, and employment.

“We welcome this development for the NAIA PPP Project as this will not only generate revenue for the government but it will also create opportunities for Filipinos. With a modernized NAIA, we are elevating the airport’s facilities and services to international standards,” he said.

The agreement, Bautista said, would send signal to the international business community about the viability of government infrastructure projects.

“This radical transformation comes at no small price Substantial investments in infrastructure and technology will necessitate collaborations with local and foreign partners,” he added.

San Miguel Corporation president and chief executive officer Ramon Ang, for his part, said the NNIC would not only rehabilitate but also improve the airport’s functionality and “establish a new standard in serving excellence.”

“Together with our partner, Incheon, we have assembled a team of experts, focused on implementing immediate improvement, and help us achieve our long-term goal for NAIA,” Ang said.

President Ferdinand R. Marcos who witnessed the signing described the pact as an “investment in our future.”

“This undertaking is not just about revenues that will be remitted to treasury alone, but resources invested in the airport,” Marcos said.

The agreement, signed by Bautista, Ang and Manila International Airport Authority (MIAA) General Manager Eric Ines, covers 15 years with an option for a 10-year extension.

Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think this new public private partnership will succeed with achieving its goals of modernizing the NAIA, creating new jobs and attract both new investments and a higher number of foreign visitors in the years in the come?

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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2nd diagnostic center opened by Las Piñas City Government

March 27, 2024March 15, 2024carlocarrasco

Recently in the City of Las Piñas, the City Government formally launched a 2^nd diagnostic center in Barangay Daniel Fajardo, according to a Manila Bulletin news report. The previous diagnostics center was launched in 2023 at the vicinity of City Hall.

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

The Las Piñas City government unveiled the city’s second diagnostic center as part of its comprehensive health program.

Las Piñas City Mayor Imelda Aguilar (middle) and Vice Mayor April Aguilar (2nd from left) led the formal cutting of the ribbon. With them are City Councilor Filemon “Peewee” Aguilar III (2nd from right) and City Health Office (CHO) head Dr. Juliana Gonzalez. (photo source – Las Piñas PIO)

Las Piñas Mayor Imelda Aguilar and Vice-Mayor April Aguilar, together with City Health Office (CHO) head Dr. Juliana Gonzalez led the unveiling of the diagnostic center located in (Barangay) Daniel Fajardo.

Gonzales said the center is prepared to offer a range of different laboratory services and can accommodate about 100 people a day.

“Tayo po ay magbibigay ng mga serbisyong pang laboratory tulad (We will provide laboratory services such as) ng CBC (complete blood count test), urinalysis, examination para sa (for) cholesterol, uric acid, sugar, creatinine, at sa (and) liver function test,” Gonzalez said.

She added that electrocardiogram tests (ECG) and complimentary x-ray services will be provided to eligible Green Card holders.

*A group shot at the brand new diagnostic center in Barangay Daniel Fajardo. (photo source – Las Piñas PIO)*

The CHO head said by adding another diagnostic center to its growing list of healthcare service facilities, essential laboratory and diagnostic services are now readily available and more accessible to Las Piñas residents.

Gonzalez said the presence of the city mayor and vice-mayor during the opening reflects the local government’s commitment to making healthcare services more accessible.

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? Have you visited the new diagnostic center lately? Does anyone in your local community need service at the newest diagnostic center?

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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Ambitious resort, casino and convention center to rise inside Subic Bay Freeport Zone

March 26, 2024March 15, 2024carlocarrasco

An ambitious resort, casino and convention center inside the Subic Bay Freeport Zone will rise in the near future, according to a news report by The Manila Times.

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

A world-class $300-million convention center, resort and casino will soon rise at the country’s premier freeport to further boost the tourism industry in the region.

Subic Bay Metropolitan Authority Chairman and Administrator Eduardo Jose Aliño spearheaded the groundbreaking ceremony for the Subic Sun Convention Resort and Casino Inc. at the Bravo building compound of Subic International Hotel on Thursday, March 14.

“In a couple of years, the Ibis Styles and Mercure Hotels, which is affiliated with the Accor International Group, will be operating a world class integrated leisure and convention center in Subic Bay, which will be the very first integrated resort casino and hotel complex in the freeport,” Aliño said.

Subic Sun Convention Resort and Casino Chairman and President Pablo Edgardo Puyat, meanwhile, said the operations are anticipated to begin in 2025.

“Both the Ibis Styles Subic and Mercure Subic are in the company’s economy and midscale segments, respectively. Ibis Styles Subic is set to open in 2026 and is the first internationally branded hotel in Subic,” he said.

Ibis Styles Subic will offer 175 rooms and will feature amenities such as a swimming pool, meeting space, and a gym.

Ibis Styles is an economy hotel brand focused on in-style stays while the Mercure is a French midscale hotel brand, with both brands owned by Accor International Group. The Ibis Styles and Mercure Hotels are just part of the initial phase of the project.

Mercure Subic, set to open in 2026, will offer 250 rooms and be the second internationally branded hotel in the area. It is located adjacent to Ibis Styles Subic.

“A world-class integrated leisure and convention center will be constructed in progressive phases, encompassing a six-hectare property that will feature an integrated resort casino complex and five-star resort hotels,” Puyat added.

He said that aside from the convention center and exhibition hall, the area will also have duty-free shops, dormitels, carpark, hotel and recreation center, Americana complex, Americana seaside clubhouse, American country club, and the New Dragon Restaurant.

Aliño also said that the additional facilities inside the freeport will attract more tourists because they will now have luxury hotels to stay in.

Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think this development will help solve the lack of hotel rooms inside the Subic Bay Freeport Zone? Do you look forward to the announced amenities as well as new duty free shops?

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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Transwoman arrested by police officers for extorting money from student lover

March 26, 2024March 17, 2024carlocarrasco

Recently in the City of Manila, local police officers arrested transwoman (note: Transgendered woman who is actually male but identifies as female) for extorting money from a student lover, according to a Manila Bulletin news report.

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

A transwoman was arrested by operatives of the Manila Police District (MPD) for allegedly extorting money from his lover in Ermita, Manila on Thursday, March 14.

MPD identified the suspect as Justine, 25, a resident of Makati City.

The suspect was arrested in an entrapment operation after his 24-year-old victim, a student, reported him to the police.

Prior to the suspect’s arrest, the victim said he met the suspect on an online dating application.

He said that after a while, they became online sweethearts before they decided to meet in person in Makati City.

The victim said that during their meet-up, he and the suspect had a sexual encounter, but he did not know that the suspect was filming it.

He said that the suspect suddenly demanded P10,000 from him, threatening that he would use the sensitive video as a content on his social media account if he would not give him the money.

The threat prompted the victim to report the suspect who was nabbed in an entrapment operation inside a convenience store on United Nations Avenue in Ermita.

In a media interview, the victim said that he only found out late that the suspect was a transwoman.

Confiscated from the suspect’s possession were an iPhone and the P10,000 marked money.

Let me end this piece by asking you readers: What is your reaction about this recent development? Are you concerned that someone in your family could be engaging with strangers through online dating applications? Did someone from your local community became a victim of a transgendered crook? Do you think that a lot of extortionists, LGBTQ people and scammers are taking advantage of users on online dating applications?

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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Muntinlupa City Government warns public about highly contagious Pertussis (whooping cough)

March 25, 2024March 23, 2024carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government warned the public about the spread of Pertussis (also referred to as whooping cough) which already caused over four hundred cases counted in the first ten weeks of the year in the country (according to the Department of Health’s statistics), 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…

The Muntinlupa City government warned the public about pertussis, or whooping cough, a highly contagious respiratory illness.

“Pertussis spreads easily from person to person mainly through droplets produced by coughing or sneezing. The disease is most dangerous in infants, and is a significant cause of disease and death in this age group,” according to the World Health Organization (WHO).

The Department of Health (DOH) recorded 453 cases of pertussis in the first 10 weeks of 2024.

Dr. Juancho Bunyi, head of the Muntinlupa City Health Office (CHO), said pertussis is a bacterial disease affecting the mucous membrane of the throat.

The symptoms of pertussis, he said, include persistent cough with episodes of vomiting. The cough lasts for two weeks.

“And for every cough episodes, meron siyang pagsusuka (And for every cough episode, the patient will have vomiting),” Bunyi said in a video uploaded by the Muntinlupa City government on Facebook.

He told Manila Bulletin that the Muntinlupa CHO is currently monitoring five cases of pertussis from different barangays with no clustering. No death from pertussis has been recorded in Muntinlupa.

The CHO is also doing a defaulter tracking of children who may have missed their pertussis shots, Bunyi added.

“Individuals who are experiencing prolonged and excessive cough of more than 2 weeks with fever, runny nose and with vomiting episodes after bouts of cough are advised to seek immediate consultation,” said Bunyi.

He added, “Pertussis if left untreated may lead to respiratory distress and eventually difficulty of breathing resulting to death. As of to date Muntinlupa has no fatality from pertussis.”

Bunyi advised wearing of face masks for those who were in close contact and for families with known cases of pertussis.

“As a standard measure to prevent any type of airborne infection just like pertussis, wearing of face mask is prescribed especially to those in close contacts and families with known case of pertussis or whooping cough,” he said.

He encouraged people to have their children vaccinated against pertussis.

“Since this is a vaccine preventable disease, mother’s are encouraged to bring their children to the nearest health facilities to get their pertussis shots which is given free to all public health institutions . Those who failed to complete the dose (defaulters) requirement for the shot are likewise encouraged to get immunized,” he said.

In the video, he said pertussis is included in pentahib, or pentavalent vaccine, which is a routine immunization of children in the country.

Pertussis is part of the DPT immunization, or diphtheria, pertussis and tetanus.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you concerned that Pertussis could have infected some members of your local community? Are people in your local community aware of whooping cough?

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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It’s not right for the ICC to intervene in the judicial process in the Philippines

March 25, 2024March 14, 2024carlocarrasco

We all live in a chaotic and divisive world. In this case, I’m talking about the concept of the International Criminal Court (ICC) based in the Netherlands getting involved in the internal affairs of the Philippines, particularly with the judicial process. President Ferdinand “Bongbong” Marcos, Jr., stood up to the ICC pointing out that the nation has a functioning judiciary, according to a Philippine News Agency (PNA) news article. Be aware that the Philippines severed its ties with the ICC five years ago.

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

It is a “mistake” for the International Criminal Court (ICC) to intervene in the Philippines’ judicial process, President Ferdinand R. Marcos Jr. has said, as he maintained that the country has a functioning judiciary.

Marcos made the remarks during his bilateral meeting with German Chancellor Olaf Scholz on Tuesday in Berlin, Germany, Presidential Communications Office (PCO) Secretary Cheloy Garafil said in a statement on Thursday.

“President Ferdinand R. Marcos Jr. stood firm before German Chancellor Olaf Scholz that the International Criminal Court has no jurisdiction over the Philippines as it remains to have a working judicial system and law enforcement mechanisms,” Garafil said.

During the meeting, Marcos told Scholz that ICC cannot investigate the Philippines’ drug campaign under the Duterte administration because the country is capable of conducting its own probe.

Marcos said there is no need for the international court to meddle, considering that “there are too many lawyers in the Philippines already.”

“And so, it’s really a question of jurisdiction and we have our own investigations and we’re capable of conducting our own investigations and, so we are, we are continuing to do so,” Marcos was quoted as saying by the PCO.

Marcos said the ICC’s apparent intrusion into the Philippine judicial system is something that his administration has to deal with.

He said it is “unacceptable” for an international court to take control over the Philippines where there is a working judicial system and law enforcement mechanisms.

“Well, there is now a conflict between – in terms of jurisdiction because, in our opinion, the ICC was created when a country has no judiciary, no functioning judiciary, no police force to enforce peace and order; enforce law,” Marcos said.

“As a matter of principle, it is very difficult for the Philippines to accept that an outside court will, shall I say, dictate to our policemen, ‘who they will investigate, who they will arrest and who will say, that hey, because we don’t need that advice’,” he added, stressing that the country has a “functioning military and police force that uphold the rule of law.”

In February this year, Marcos said the ICC prosecutors could “produce as much evidence as they want but they could not act upon it in the Philippines.”

Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think that the ICC and its henchmen here in the Philippines are secretly conspiring to weaken the nation’s justice system and the local authorities’ fight against crime? Do you think the latest move by President Marcos will send a clear signal to the internationalist organizations that it is pointless for them to violate the sovereignty of the Philippines?

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

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Fitch sees Philippine economy outpacing Southeast Asian economies this year with 6.4% growth

March 25, 2024March 15, 2024carlocarrasco

Financial firm Fitch Ratings expects the economy of the Philippines to grow the fastest among Southeast Asian economies this year with a growth rate of 6.4%, according to a news article by BusinessWorld.

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

THE PHILIPPINES is expected to be the fastest-growing economy in Southeast Asia this year, according to Fitch Ratings.

Data from Fitch Ratings’ Asia-Pacific Sovereigns Credit Outlook for February showed that the Philippines’ gross domestic product (GDP) is projected to expand by 6.4% this year.

This will be the fastest growth in Southeast Asia, ahead of Vietnam (6.3%), Indonesia (5%), Malaysia (4.2%), Thailand (3.8%) and Singapore (2.3%).

Krisjanis Krustins, Fitch Ratings’ primary sovereign analyst for the Philippines, said Philippine GDP growth would likely remain above 6% in the next few years.

“We forecast real GDP growth of above 6% over the medium term, considerably stronger than the ‘BBB’ median of 3%, supported by large investments in infrastructure and reforms to foster trade and investment, including through public-private partnerships (PPPs),” he said in an earlier commentary.

Fitch Ratings’ forecast is slightly below the government’s 6.5-7.5% target this year.

The Philippine economy grew by 5.6% in 2023, slower than 7.6% in 2022 and fell short of the government’s 6-7% full-year target.

Economic managers have said they might revise growth assumptions and targets to be more “realistic” and account for global economic conditions.

The Philippine Statistics Authority (PSA) is set to release first-quarter GDP data on May 9.

For 2025, Fitch expects Philippine economic output to expand by 6.5%. This also makes it the fastest-growing economy in the region next year, alongside Vietnam. It will be ahead of Indonesia (5.2%), Malaysia (4.5%), Thailand (3.4%) and Singapore (3%).

In November, Fitch Ratings affirmed the Philippines’ “BBB” investment grade rating and kept its “stable” outlook.

A “BBB” rating indicates low default risk and reflects the economy’s adequate capacity to pay debt. A “stable” outlook on the rating also means it is likely to be maintained over the next 18-24 months.

Let me end this piece by asking you readers: What is your reaction about this recent development? Do you think Fitch’s predictions for the Philippine economy will turn out true by the end of 2024?

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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