news – Page 120 – Author Carlo Carrasco

World Bank sees strong economic growth for the Philippines this year and in 2024

December 7, 2023December 5, 2023carlocarrasco

Recently the World Bank announced that the economy of the Philippines will continue to grow strongly this year and next year, according to a Philippine News Agency (PNA) news report.

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

The World Bank on Tuesday said the Philippine economy is expected to continue to post strong growth but fully implementing key reforms to boost investments is crucial to sustain growth.

“We anticipate that the Philippine economy will continue to exhibit strong performance in the next few years,” World Bank country director for Brunei, Malaysia, the Philippines and Thailand Ndiame Diop said in briefing for the presentation of the Philippines Economic Update (PEU) December 2023 edition.

“This growth will be propelled by a healthy labor market and declining inflation, which will stimulate robust household consumption,” he said.

For this year, the World Bank expects the Philippine economy to grow by 5.6 percent and edge up to 5.8 percent in 2024.

The services sector is anticipated to be the main growth driver supported by the ongoing recovery of the tourism sector and the consistent performance of the information technology and business process outsourcing industry.

“We expect that the full implementation of several investment reforms will enhance the country’s competitiveness to attract foreign investment, strengthening the country’s global growth prospects,” said Diop.

The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic expansion to 5.5 percent.

“Despite the challenging global environment that resulted in a slowdown for many countries in the region, the Philippines stands out as among the top performers,” Diop added.

He said this can be attributed to the country’s resilient domestic demand which helped mitigate the impact of external headwinds.

Inflation, meanwhile, is forecast to settle at 5.9 percent this year and ease to 3.6 percent in 2024.

Policy recommendations – Diop pointed out that moving forward, full implementation of key forms is needed to mitigate the impact of high inflation amid volatility in global commodity prices and high cost of borrowings to stimulate private investment, promote job creation and reduce poverty.

These include the amendments to the Public Services Act, Retail Trade Liberalization Act, the Foreign Investment Act and amendments to the implementing rules and regulations of the Renewable Energy Act allowing foreign ownership of renewable energy projects.

World Bank senior economist Ralph Van Doorn said that in the short term, domestic policy priorities include containing elevated inflation and providing assistance to vulnerable sectors.

Van Doorn said enhancing forecasting and planning to help stabilize food prices, reducing market volatility and ensuring a consistent and reliable food supply remains fundamental to reducing inflation in the short term.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the World Bank is correct with its findings about the economy 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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Muntinlupa City Government receives Seal of Good Local Governance Award 2023

December 7, 2023December 6, 2023carlocarrasco

Recently in the City of Muntinlupa, the City Government added another major achievement to its list of accomplishments as it received from the Department of the Interior and Local Government (DILG) the Seal of Good Local Governance Award 2023, 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 received the Seal of Good Local Governance Award 2023 from the Department of the Interior and Local Government (DILG).

Muntinlupa is one of the 493 local government unit awardees including 11 from the National Capital Region (NCR).

Awardees from the NCR are Muntinlupa, Caloocan, Malabon, Mandaluyong, Marikina, Navotas, Pasay, Pasig, San Juan, Valenzuela, and Quezon City.

LGUs were assessed based on 10 governance areas. These were financial administration, disaster preparedness, social protection and sensitivity, health compliance and responsiveness, sustainable education, business-friendliness and competitiveness, safety, peace and order, environmental management, tourism, heritage development, culture and the arts, and youth development.

Mayor Ruffy Biazon said Muntinlupa was also an awardee in 2022, 2019 and 2015.

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted with this newest award the City Government received?

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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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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

The pending resurgence of sex tourism in the Philippines is a major concern for the BI

December 6, 2023December 4, 2023carlocarrasco

While the Philippines continues to attract more tourists from around the world (read the related post), the Bureau of Immigration (BI) is concerned about the pending resurgence of sex tourism in the country, according to a Manila Times news report. Already there have been reports of sex offenders from abroad who were intercepted by the local authorities.

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

THE Bureau of Immigration (BI) has expressed alarm over the likely resurgence of sex tourism in the country as indicated by the frequent arrival and interception of foreign sex offenders (FSO) at the Ninoy Aquino International Airport (NAIA) and other major ports of entry.

Immigration Commissioner Norman Tansingco said on Sunday that entry attempts by sex offenders into the country have become almost a “daily trend” and are not limited to the national capital Manila, but are also in provincial airports such as Cebu.

Tansingco also said that some unscrupulous groups or individuals could be promoting sex tourism, the practice of traveling to foreign countries with the intention of engaging in sexual activity in exchange for money.

“We will not allow that to happen. We are duty-bound to implement a provision in our immigration act that prohibits the entry of aliens convicted of crimes involving moral turpitude. We will not allow the entry of these undesirable aliens to pose a threat to our women and children,” Tansingco said.

He attributed the possible resurgence of sex tourism to the reopening of the country’s border after the pandemic.

“During the pandemic, there was an increase in online exploitation of women and children. When international travel resumed, the number of FSOs rose, which could show that the exploitation is being continued,” he said. “With the return of tourism, foreigners who intend to abuse our hospitality seem to be returning.”

“We warn these predators not to attempt to enter the country, as we have close coordination with different governments, who provide us information about sex offenders that might attempt to enter the Philippines,” he said.

Under the Philippine Immigration Act of 1940, those who have been convicted of a crime involving moral turpitude, which includes sex offenders, are ineligible to enter the country.

The Philippines is regarded as among the top 10 sex tourism destinations in the world. Others on the list are Germany, the Netherlands, Columbia, Thailand, the Dominican Republic, Spain, Kenya and Brazil.

Just over the weekend, BI frontline officers intercepted two more FSOs, identified as Mark David Scanlon and Richard Stuard Patterson, both Americans convicted of sexually molesting minors in the US. They arrived via separate flights at the international airports in Cebu and Manila.

Scanlon, 53, was intercepted after arriving aboard an Eva Air flight from Taiwan at the Mactan-Cebu International Airport (MCIA), while Patterson, 33, was turned back upon arriving from Los Angeles via a Philippine Airlines flight at the NAIA 1 terminal.

Both passengers were sent back to their ports of origin hours after they were denied entry.

Information obtained by the BI revealed that in 2012, a court in Cook County, Illinois, convicted Scanlon on the charge of indecently soliciting a child over the internet.

On the other hand, Patterson was convicted in Oregon in May 2011 on the charges of sexual abuse in the second degree and sodomy in the third degree, where the victims were 15 and 13 years old, respectively.

Scanlon and Patterson are only two of the more than 150 foreign registered sex offenders (RSOs) who have been refused entry at the airports since January.

Let me end this piece by asking you readers: What do you think about this recent development? Do you consider sex-related tourism a major issue for the Philippines’ standing in international tourism? Do you think that there are lots of suspected business joints within your city that could secretly be engaging in prostitution, pornography and human trafficking? What do you think should be done to prevent sex tourism from growing in the Philippines? Do you think that illegal sex-related activities involving foreigners here in the Philippines (for insight, click here, here, and here) are somehow attracting foreign sex offenders to come into the country?

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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Anti-human trafficking operation in Las Piñas City results in the rescue of several therapists and the arrests of two suspects

December 5, 2023December 1, 2023carlocarrasco

Recently in the City of Las Piñas, an anti-human trafficking operation conducted by law enforcers resulted in the rescue of several therapists of a so-called wellness spa and the arrests of two suspects, according to a Manila Bulletin news report. The operation took place within Barangay Pamplona Dos.

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

Eight wellness spa therapists were rescued while two suspects were arrested in an anti-human trafficking operation conducted early Thursday, Nov. 30, in Las Piñas City.

The police said members of the Southern Police District (SPD)-Special Operations (SOU), together with members of the Women and Children’s Concern Section (WCCS) and the Department of Social Welfare and Development (DSWD)-National Capital Region (NCR), conducted an entrapment operation at around 12:10 a.m. in a wellness spa located in Barangay Pamplona Dos, Las Piñas City.

The SPD said the arrested suspects were identified as a certain Mary who served as a pimp and receptionist, and a certain Fred, security and maintenance head of the establishment.

The police said the eight rescued victims are now under the care of the DSWD-NCR while the two suspects were brought to the SPD headquarters for documentation and filing of charges.

Police recovered the P500 marked money, used condoms, and three logbooks with details of some customers.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Do you think that there are spa businesses in your local community that could secretly be involved with prostitution and human trafficking?

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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2024 National Age Group Triathlon Subic Bay Freeport race set for January 27-28, registration ongoing

December 5, 2023December 1, 2023carlocarrasco

If you are looking to start the new year with multisport action and competition, then you might be interested to join the 2024 National Age Group Triathlon – Subic Bay race set for January 27 and 28, 2024. Registration for the event is ongoing as of this writing.

Right now, the registration fees are as follows: P8,500 for Standard Distance Team Relay, P5,500 for Standard Distance, P5,000 for Sprint Distance, P4,500 for Super Sprint Distance and P3,500 for Super Trikids.

The Super Trikids and Super Sprint races will start at 6AM on January 27. The Sprint and Standard Distance races will take place on January 28 at 6AM.

The start and finish will be at The Boardwalk within the Subic Bay Freeport Zone.

The 2024 National Age Group Triathlon – Subic Bay event is a qualifying race for the 2025 Southeast Asian Games and also a part of Triathlon Philippines’ trials and talent identification for the Philippine Triathlon Team. To learn more about the event, visit https://register.raceya.fit/event/nagt-2024

The 2024 National Age Group Triathlon – Subic Bay event is a joint project of Triathlon Philippines (formerly Triathlon Association of the Philippines), the Subic Bay Metropolitan Authority (SBMA) and FUNtastic Subic Bay. The supporters of the event are the Philippine Sports Commission (PSC), Asian Centre for Insulation Philippines, Inc., Standard Insurance and Gatorade.

For future events and key updates from Triathlon Philippines visit https://www.facebook.com/TriPhil.

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Chinese national (alleged POGO operator) convicted by Las Piñas City court, sentenced to 20 years prison and P1 million fine for human trafficking

December 4, 2023November 29, 2023carlocarrasco

Human trafficking is a very serious crime here in the Philippines and this was strongly reflected in the decision of a regional trial court (RTC) in Las Piñas City when it convicted a Chinese national and sentenced him to twenty years imprisonment along with a fine of P1 million, according to a Philippine Star news report. The said suspect was reportedly the operator of a Philippine Offshore Gaming Operator (POGO) located in Las Piñas City which got raided.

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

A Las Piñas court has convicted a Chinese man, reported to be a Philippine offshore gaming operator (POGO), for human trafficking.

In a decision dated Oct. 27, Judge Phoeve Meer of Regional Trial Court Branch 275 found Andy Chen guilty of violating Republic Act 9208 as amended by RA 10364 or the Expanded Anti-Trafficking in Persons Act.

Meer sentenced Chen to 20 years imprisonment and slapped him with a fine of P1 million.

The court also ordered Chen to pay his victim, a Chinese woman, P400,000 in moral and exemplary damages.

The victim, a POGO worker, was rescued by operatives of the Women and Children Protection Center (WCPC) during a raid on XinChuang Network Technology on Alabang-Zapote Road in Barangay Almanza Uno on Dec. 1, 2021.

WCPC director Brig. Gen. Portia Manalad assured the public that perpetrators of human trafficking will face the full force of the police.

In June, 2,724 people, many of them foreigners, were rescued from XinChuang’s compound during a police raid.

Let me end this piece by asking you readers: What do you think about this recent development? If you are a resident of Las Piñas City, are you satisfied with the RTC’s decision on the suspected POGO operator? Are you concerned that other POGOs in the city could be hot spots for criminal activity? Is the POGO in your local community causing more crime?

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

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Philippines’ credit ratings affirmed by S&P Global Ratings

December 4, 2023November 30, 2023carlocarrasco

The credit ratings of the Philippines for both long-term and short term were affirmed by the US-based S&P Global Ratings which also saw stronger economic growth for the country in the next few years, 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…

United States-based S&P Global Ratings on Wednesday affirmed the Philippines’ ‘BBB+’ long-term and ‘A-2’ short-term sovereign credit ratings, citing the country’s sustained economic recovery due to the government’s ongoing efforts to address infrastructure gaps and improvements in the business climate.

“The stable outlook reflects our expectation that the Philippine economy will maintain healthy growth rates and the fiscal performance will materially improve over the next 24 months,” S&P Global said in a report.

According to S&P, the country’s gross domestic product (GDP) is projected to grow by 5.4 percent this year, reflecting the impact of high base and the slower growth of the world economy.

The report also showed that Philippine economic growth is projected to accelerate to 5.9 percent in 2024, 6.2 percent in 2025 and 6.4 percent in (2026).

The credit rater expects that the Philippines’ economic growth will remain well above the average among its peers “due to the government’s ongoing efforts to address infrastructure gaps and improvements in the business climate through regulatory and tax reforms, which will further support expansion in economic productivity.”

It also recognized the government’s efforts to prioritize infrastructure development and fiscal measures and cited crucial reforms such as the public-private partnership (PPP) framework and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

“The Philippine government has generally enacted effective and prudent fiscal policies over the past decade. Improvements to the quality of expenditure, manageable fiscal deficits, and low general government indebtedness testify to this. This track record of sustainable public finances helped the government accumulate fiscal resources to respond to the pandemic,” the report said.

It also underscored the importance of tax reforms in ensuring that public finances remain sustainable, while infrastructure and social needs are addressed.

S&P said the general government (GG) deficit is estimated to decline and to settle at 3.8 percent of GDP in 2023, from 4.4 percent in 2022.

“We believe the fiscal shortfall will continue to narrow over the coming years while the economy regains its footing and the government scales back stimulus measures. We expect the medium-term fiscal framework (MTFF) revealed by the Marcos administration last year to guide the consolidation process,” it said.

The report also highlighted the country’s solid household and corporate balance sheets and sizable remittance inflows, and expects foreign direct investments to remain stable this year.

However, S&P said it may lower the country’s ratings if economic recovery falters, if general government debt exceeds 4 percent of GDP, if net debt stock exceeds 60 percent of GDP or if interest payments exceed 15 percent of revenue on a sustained basis.

“We may raise the ratings if the economy recovers much faster than we expect, and the government achieves more rapid fiscal consolidation,” it said.

Let me end this piece by asking you readers: What do you think about this recent development? Are you satisfied with what was accomplished this year with regards to foreign tourist arrivals and the related revenues? Do you think the Philippine economy will continue to grow stronger each year until 2026? Do you believe in the findings of S&P Global Ratings?

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

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Philippines finally surpasses 2023 foreign tourist arrivals target

December 1, 2023November 29, 2023carlocarrasco

Recently the Department of Tourism (DOT) announced that their set target of 4.8 million foreign tourist arrivals for 2023 has finally been reached and already hundreds of billions of Pesos have been generated, according to a Philippine News Agency (PNA) news report. To say the least, the foreign tourist arrivals-related numbers achieved by the Philippines this year is a tremendous improvement over what were achieved in 2022 and there are still a few weeks left before 2023 closes.

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

The Philippines has recorded more than 4.82 million foreign visitor arrivals, including Filipinos based overseas, breaching its target even before year end, Department of Tourism (DOT) Secretary Christina Frasco said Tuesday.

DOT data show that as of Nov. 28, a huge chunk of foreign arrivals comes from South Korea with 1,275,887 foreign visitors and 4,231 overseas Filipinos for a total of 26.46 percent.

It is followed by the United States with 923,409 foreign visitors and 123,828 overseas Filipinos and Japan with 323,029 and 49,299 overseas Filipinos.

Other international arrivals in the top 10 come from Australia, China, Canada, Taiwan, Singapore, United Kingdom and Malaysia.

The foreign arrivals have brought PHP404 billion to the economy.

Citing a report by economic managers, Frasco said this manifests that Philippine tourism is the second highest driver of economic growth for the Philippines.

“This cements our position as one of the strongest pillars of the Philippine economy that employs no less than 5.35 million Filipinos in the tourism industry sector, ensuring jobs, livelihood, and the well-being of communities all over the country,” she added.

Let me end this piece by asking you readers: What do you think about this recent development? Are you satisfied with what was accomplished this year with regards to foreign tourist arrivals and the related revenues? Are you confident that the Philippines is on-track to becoming a major tourism player in Asia by the year 2028? Do you trust the Department of Tourism more now that they were able to hit their 2023 targets already? Do you think foreign tourist arrivals here in the Philippines will reach the 5,000,000 mark before the end of the year? Could it be possible that the gains of Philippine tourism will help the nation achieve at least 6% economic growth 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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Vietnamese national arrested in Parañaque City for illegal drugs

November 30, 2023November 27, 2023carlocarrasco

Recently in the city of Parañaque, a man from Vietnam was arrested by police officers as a result of a successful buy-bust operation, according to a Manila Bulletin news report.

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

A Vietnamese national was arrested by members of the Parañaque City Police Station Drug and Enforcement Unit (SDEU) in a buy-bust operation on Wednesday, Nov. 22.

The Southern Police District (SPD) said the suspect was identified as a certain Le. He was arrested at around 8:85 p.m. along Macapagal Boulevard, Barangay Tambo, Parañaque City.

Recovered from him were five grams of shabu worth P34,000; three plastic sachets containing 18 tablets suspected to be ecstasy worth P30,000, and three grams of powdered ketamine worth P15,000.

The recovered drugs were turned over to the SPD Forensic Unit for quantitative and qualitative analysis.

Let me end this piece 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 foreigners engaging in illegal drugs within your local community?

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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Where to deposit your excess Peso coins while you are in Alabang

November 29, 2023November 27, 2023carlocarrasco

If you are constantly present here in Alabang in Muntinlupa City, and if you have an excess number of Peso coins that you want to have deposited for safekeeping or for personal use, then you should visit the coin deposit machine (CoDM) of the Bangko Sentral ng Pilipinas (BSP) located inside Festival Mall in Filinvest City.

To be more specific, the BSP CoDM inside the said shopping mall is located on ground floor very near the escalators which itself is in close proximity to the following ground floor businesses: SM Savemore grocery, Saibachi Japanese Restaurant and Café BLK & BRWN (this one is just steps away from the machine).

*This is the BSP coin deposit machine inside Festival Mall in Alabang.*

Before you join the line for depositing your coins at the BSP’s coin deposit machine, you must have a valid GCash account (to receive the value of the coins successfully deposited). If you don’t have a GCash account, you can still have the value of the deposited coins converted into SM shopping vouchers (accepted by The SM Store). There is also a Maya option available.

Still before joining the line, you must make sure that your Peso coins are not dented/damaged, and each coin is loose (meaning not taped together as a bundle). Obviously, foreign coins, tokens and demonetized Peso coins (Peso coins that are outdated) will be rejected. These tips are to ensure that the coins will be counted by the machine once deposited. To learn more, watch the video below and pay close attention to the details…

Once you join the line, you will need to be patient not simply because there could be several customers ahead of you but also because there will most likely be other customers ahead of you who brought at least one large container of coins with them for depositing which can take some minutes to be deposited into the CoDM (note: there is always a BSP assistant who will help and occasionally troubleshoot the machine whenever it malfunctions).

Do not be surprised to see other customers ahead of you who brought multiple plastic containers of coins to be deposited. Based on my personal experience depositing coins at the machine inside Festival Mall, I noticed that more families and local businesses are having their idle coins put into the CoDM. There was a time when one customer ahead of me deposited coins from four large containers and it took several minutes for the machine to count them all and this includes moments when the machine malfunctioned and the BSP assistant had to do some fixing on the spot.

Once you start your turn to deposit at the CoDM, let the BSP assistant guide you. There will be buttons on the machine for you to press before you start putting your coins into the receiving mechanism. From time to time as coins get counted, there will be a few coins that the machine will reject and will instead fall into the lower part where you can reach into and collect. You can try depositing the uncounted coins until it gets counted. As mentioned earlier, foreign coins, tokens and demonetized Peso coins will be rejected.

Once your deposit is successful, you can decide whether to have the counted value transferred into your active GCash account or into an SM shopping voucher. Receipts will be issued from the machine which you must always keep to yourself. Do not throw away the receipts.

*Another look at the BSO CoDM inside Festival Mall located near the escalators at the ground floor..*

I hope this post will be helpful to you and your effort to deposit excess Peso coins into the BSP DoCM inside Festival Mall. In my experience, the lines range from very short (1 or 2 customers ahead of me) to long (8 customers ahead of me). There will be customers who will be depositing a small amount and there are others who brought so much coins as the BSP coin deposit project has attracted a lot of attention locally. You will need to be patient and manage your time when you join the line for the CoDM. To learn more about the coin deposit project, click https://www.bsp.gov.ph/Pages/CoinsAndNotes/CDM.aspx

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, have you deposited your idle Peso coins into the BSP CoDM inside Festival Mall? If you were able successfully deposit your coins, how long did you wait before your turn happened?

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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