Two suspects apprehended and Illegal drugs worth almost P900K seized in Las Piñas City

Recently in the City of Las Piñas, police officers pulled of a successful buy-bust operation that resulted in the arrest of two suspects as well as the seizure of almost P900,000 worth of illegal drugs, according to a Philippine Daily Inquirer news report.  

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

Police  seized nearly P900,000 worth of crystal meth or “shabu” and arrested two drug suspects  following a buy-bust operation in Las Piñas City on Tuesday.

The Southern Police District (SPD) said its District Drug Enforcement Unit (DEU) operatives and other law enforcement units arrested Annie Dacut Evalla, 29, and Jenden Queen Romobio, 34, along Manukan St., Manuyo Dos, on Tuesday afternoon.

Confiscated from the suspects — who were considered high-value individuals — were 130 grams of shabu worth an estimated P884,000, and the buy-bust money.

Let me end this piece by asking you readers: If you are a Las Piñas City resident, what is your reaction to this new development? Are illegal drugs a very serious problem in your local 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.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco/.

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

Muntinlupa City Government congratulates local residents (athletes and coaches) for achieving success at the 32nd SEA Games

Recently the City Government of Muntinlupa congratulated local residents as well as a few coaches for achieving success in the concluded 32nd Southeast Asian Games (SEA Games) in Cambodia, 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…

The Muntinlupa City government congratulated residents who won at the 32nd Southeast Asian Games (SEA Games) in Cambodia.

They are Annie Ramirez from Barangay Cupang, gold medalist, Jiu-Jitsu Women’s Newaza Nogi – 57 kg; Kaila Napolis of Barangay Poblacion, gold medalist, Jiu-Jitsu Women’s Newasa Gi – 52 kg; Gretel De Paz of Alabang, gold medalist, Kickboxing Low Kick – 56 kg; Shugen Nakano of Barangay Tunasan, silver medalist, Men’s Judo – 66 kg; Daryl John Mercado of Barangay Tunasan, bronze medalist, Men’s Judo-55 kg; and Keisei Nakano of Tunasan, bronze medalist, Judo Mixed Team Event. 

Napolis won the Philippines’ first gold medal at the 2023 SEA Games.

The city government also commended coaches Jayson Senales of Barangay Tunasan, Philippine National Judo Team, and Kodo Nakano of Barangay Tunasan, Philippine National Judo Team.

The above report ended stating that Muntinlupa City has an existing ordinance in which financial rewards are granted to local athletes who win in international, nation, regional and local invitational competitions.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Are you delighted to learn about the local residents who won medals for the country during the SEA Games in Cambodia?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram 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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

NPA rebel wanted for murder arrested in Parañaque City

Recently in Parañaque City, police officers arrested an active member of the New People’s Army (NPA) who has been wanted for murder, according to a Philippine News Agency (PNA) news report. The arrest took place at Barangay San Dionisio.

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

A member of the New People’s Army (NPA) facing murder charge was nabbed during a manhunt operation conducted by operatives of the Police Regional Office-Bicol (PRO5) in Parañaque City on Tuesday, a police report said.

In an interview on Wednesday, Lt. Col. Malu Calubaquib, PRO5 spokesperson, identified the suspect as Ferdinand Nolasco, 42, an active NPA member belonging to Platoon 3, Komite ng Probinsya 3 of the Albay Bicol Regional Party Committee (BRPC).

He is being indicted with the crime of murder with no bail recommended issued by the court,” she said.

Calubaquib said Nolasco was tracked down after the conduct of surveillance and intelligence operations starting in April.

He was finally arrested around 5:20 p.m. in Barangay San Dionisio after the service of a warrant of arrest by joint personnel of the different units of the Philippine National Police (PNP) and the Philippine Army (PA).

Let me end this piece by asking you readers: What do you think about this recent development? If you are a Parañaque City resident, are you concerned that there could be more Communists/socialists/Marxists who previously committed murder and could be living within your local community? Did you notice if your family members seem to be under the influence of the Satanic Left?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

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

National Tourism Development Plan for 2023-2028 approved by Marcos

In line with the ambition to establish the Philippines as a tourism powerhouse in Asia in the years to come, the National Tourism Development Plan covering the year 2023 until 2028 has been approved by President Ferdinand “Bongbong” Marcos, Jr., according to a GMA Network news report. Take note that as of May 12, 2023, the Philippines has already counted over two million foreign tourist arrivals.

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

President Ferdinand “Bongbong” Marcos Jr. has approved the National Tourism Development Plan for 2023-2028 which will serve as the blueprint of the Philippines’ tourism industry.

This was announced by Tourism Secretary Christina Frasco at a Palace press briefing following a sectoral meeting with the President on Tuesday morning.

This NTDP is the result of consultation among the tourism coordinating council as well as our various tourism stakeholders from our regions all over the Philippines. The NTDP shall serve as the blueprint and the development framework for the tourism industry for the duration of the Marcos administration,” she said.

Frasco said this plan focuses on giving the country a chance to become a “tourism powerhouse.”

“These objectives involve not simply the promotion of the Philippines which we will continue domestically and internationally but also, more importantly, addressing the essential issues of tourism development, including the development of infrastructure, connectivity, as well as digitalization, the equalization of tourism, development, and promotion, the enhancement of overall tourism experience as well as the strengthening of tourism governance,” she explained.

Frasco said the plan would also serve as a guide for regions across the Philippines “to spread countrywide development through tourism,” adding that this will also provide jobs to Filipinos.

“Mabibigyan po ng pagkakataon ‘yung ating mga kababayan na magkaroon ng tourism employment sa pamamagitan ng pag-develop natin ng tourism circuits and to continue to push for tourism across our regions and provinces,” she said.

DICT support

Meanwhile, Information and Communications Technology Secretary Ivan John Uy promised that the agency would extend support to DOT on this tourism plan, specifically on connection issues.

He said most tourists are also vloggers who are making content about their experience in tourist spots.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the Philippines is on its way to becoming an Asian tourism powerhouse in the years ahead? If you own a business that specifically caters to tourists, were able to make significant gains this year?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Online lending company raided by police for threatening clients

Are you a Philippine resident who borrowed money from an online lending company and got threatened by them to push you into paying them back? Another company that lends money got raided by the police over complaints from clients who claimed they were threatened, according to a Manila Bulletin news report. The raided company was located in Pasig City.

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

An online lending company in Barangay San Miguel, Pasig City was raided by operatives of the Philippine National Police – Anti-Cybercrime Group (ACG) on Tuesday, May 16, for allegedly threatening and harassing its customers who have failed to pay their loans.

The company was identified as Realm Shifters Business Process Outsourcing Services, located along Mercedes Avenue in Barangay San Miguel.

According to the Philippine Association of Loan Shark Victims Inc. (PALSVI), a non-profit organization dedicated to helping loan shark victims, the company is one of the many businesses operating online lending applications (OLA) that harass and threaten users for not paying their debts.

The PNP-ACG conducted the raid in response to the complaints made to their office from the victims of the OLA.

A warrant to search and seize computer data was served by the police to the company during the operation.

Digital forensic examinations to extract data and evidence from the computers, mobile phones, and other devices of the OLA agents are ongoing.

Other incidents of malpractice made by the company are also under further investigation by the police.

Let me end this piece by asking you readers: What is your reaction to this recent development? How many people in your local community got harassed by an online lending firm recently?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Muntinlupa City Government to provide free breast ultrasound and mammography tests

In the progressive city of Muntinlupa, the City Government will provide free breast ultrasound and mammography tests to specific and qualified patients, 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…

The Muntinlupa City government will provide free breast ultrasound and mammography tests to endorsed patients and beneficiaries of the Kalingang Munti Action Center (KMAC), a one-stop shop for the public in availing frontline services.

The Muntinlupa City Council approved Resolution 2023-238 authorizing Mayor Ruffy Biazon to enter into a memorandum of agreement with the Medical Center Muntinlupa Inc., to provide free breast ultrasound and mammography tests.

“We definitely welcome this development as this enables the city government to address the problem of breast cancer head-on. By early detection, we hope to save many families from the heartbreak of losing mothers and women family members to an otherwise preventable disease,” said Biazon.

Under the agreement, the city government will shoulder the cost of the tests of patients and target beneficiaries identified by KMAC and verified by the Gender and Development (GAD) Office.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Do you think this new development will somehow make a positive impact with local patients?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram 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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Over 2 million foreign tourist arrivals in the Philippines counted as of May 12, 2023

Even though new cases of COVID-19 grew significantly nationwide over the past several weeks, that did not stop the forward momentum for Philippine tourism as the Department of Tourism (DOT) confirmed that foreign tourist arrivals in the country surpassed the 2,000,000 mark as of May 12, 2023, according to a Philippine News Agency (PNA) news article. Take note that that total number of foreign tourist arrivals in the country for the year 2022 was at 2.65 million and it looks likely for the Philippines to exceed that figure before the year ends.

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

The Philippines breached the two million mark in international arrivals for the first five months of 2023, surpassing last year’s baseline target.

The Department of Tourism (DOT) announced the good news over the weekend, citing the latest data of 2,002,304 international visitor arrivals from January 1 to May 12 that exceeded the entire 2022 target of 1.7 million foreign visitors.

“Notwithstanding the challenges and difficulties that our country faced, a pandemic and the various calamities that come into our shores, the good news is that these have done nothing to break the Filipino spirit or to diminish the beauty of the Philippines,” DOT Secretary Christina Garcia Frasco said in a news release.

We’re very optimistic for the prospects in out country in terms of being a tourism powerhouse in Asia, anchored on the strength of our Filipino culture as well as the values of sustainability, resilience and global competitiveness.”

South Koreans made up almost a quarter of the total number of visitors with 487,502 (24.35 percent); followed by Americans with 352,894 or 17.62 percent; Australians, 102,494 (5.12 percent); Canadians, 98,593 (4.92 percent); Japanese, 97,329 (4.86 percent); Chinese, 75,043; Taiwanese, 62,654; British, 62,291; Singaporeans, 53,359; and Malaysians, 36,789.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think that the Philippines will be able to attract the targeted 4.8 million foreign tourist arrivals by the end of this year?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://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 engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Las Piñas City Government receives plaque of appreciation for hosting 1st leg of Pre-SONA (State of the Nation Address) caravan of President Marcos

Recently in the City of Las Piñas, the City Government hosted a pretty significant event related to public service which was the first leg of the 2023 Pre-SONA (State of the Nation Address) caravan of President Ferdinand “Bongbong” Marcos, Jr. In return, the City government received a plaque of appreciation from the Philippine Information Agency (PIA), 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 Philippine Information Agency (PIA) awarded the city government of Las Piñas with a plaque of appreciation for hosting the first leg of the 2023 Pre-SONA (State of the Nation Address) caravan of President Ferdinand Marcos Jr. on May 10.

The plaque of appreciation was received by Vice- Mayor April Aguilar and Public Information Office (PIO) Chief Paul San Miguel during the Monday regular flag raising ceremony held at the Las Piñas City Hall quadrangle on May 15.

The PIA gave the Las Piñas city government a plaque of appreciation for its unwavering and invaluable support to the “Nagkaka1sang Bumabangon: The 2023 Pre-SONA Caravan.”

The Pre-SONA caravan is an initiative of the Philippine government to gather feedback and insights from various sectors of society for President Marcos’ upcoming SONA and to extend the services of different agencies in the key sectors of health, security, and social welfare development.

The city government said booths were set-up by various government agencies during the caravan which was held at the Verdant covered court.

Let me end this piece by asking you readers: If you are a Las Piñas City resident, what is your reaction to this new development? How do you feel about your city being involved in the pre-SONA caravan?

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

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco/.

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

Philippine triathletes looking forward to contests beyond 2023 SEA Games

Now that the 32nd Southeast Asian Games multisport contests in Cambodia are finally over (for references, click here, here, here and here), the Philippine triathletes have other contests to look forward to, according to a sports news article published by the Philippine News Agency (PNA).

In relation to this, the Philippine multisport team members arrived home victorious. Welcomed at the airport were Fer Casares the Men’s Triathlon gold medalist, Kim Mangrobang the Women’s Duathlon gold medalist and Women’s Triathlon Silver Medalist, Andrew Kim Remolino the Men’s Aquathlon silver medalist and Men’s Triathlon bronze medalist, and the members of the Mixed Aquathlon 4X Team Relay champions Erika Burgos, Iñaki Emil Lorbes and Matthew Justine Hermosa. Given the back-to-back SEA Games victories they each achieved, Casares is the reigning King of Triathlon in Southeast Asia while Mangrobang is the reigning Queen of Duathlon of the region.

Image of the Philippine multisport team who won medals at the 32nd SEA Games posted on social media by the Manila Bulletin. (photo credit: Manila Bulletin)

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

Fernando Casares is hoping for the best when he competes at the Asian Games in Hangzhou, China from Sept. 23 to Oct. 8.

The Filipino-Spanish triathlete successfully defended his Southeast Asian Games title in Cambodia last Monday and while he is determined to make an impressive debut in China, getting a podium finish would be hard.

“The level is incredibly high, probably not,” said Casares in an interview Wednesday afternoon. “I would love to achieve Top 10 but I’m aware of the level.”

He clocked 58 minutes and 33.5 seconds to claim victory in Cambodia, beating Indonesian Rashif Yaqin (58:47) in the 750m swim-20km bike-5km run men’s event at the Kep Beach Resort.

Cebuano Andrew Kim Remolino placed third in 59:53 to settle for the bronze, his second medal following a silver finish in the men’s aquathlon on May 6.

“Obviously my main goal was to win the gold medal in triathlon since I already won in the last SEA Games in Vietnam, the issue was that this time, the distance was sprint, not standard, so the level was going to be more equal. Throughout the race, I wasn’t very sure if I was going to win because the gap between the lead pack and us (Kim Remolino and me) was considerably big after the swim, but we did an amazing job on the bike, closing the gap that much that we almost caught the lead pack before reaching T2 (20″ gap). As soon as I started running, I knew I was going to get a podium because I knew very well my rivals, however, I wasn’t sure if I could get the gold since Remolino and the guy from Indonesia were the fastest runners along with me,” said Casares, who was born in Madrid to a Spanish father and a Filipino mother.

It took me 2.5km to overtake the leader and once I reached kilometer 3.75, I knew I would win because there was a considerable gap. But unfortunately, I started to feel dizzy because I was going all out, as if I was going to bonk, so it was quite stressing until the last 100m because I didn’t know if the Indonesian was going to sprint on the last part,” he added.

Achieving this victory means everything to me, all the hard work I’ve been doing for months paid off, now I’ll be able to keep training as a full-time athlete, thanks to the salary I’ll keep receiving from the government, which is quite a relief,” he said.”But the best feeling about winning the gold medal is the supportive messages I receive from my kababayan (countrymen), it’s quite comforting to make everyone proud and to raise our flag to the top.

Meanwhile, Casares will leave for Osaka, Japan next week with three-time SEA Games women’s champion Kim Mangrobang. They will compete in the Asia Cup set on May 26.

“It’ll be good to get some points for my international ranking. After Osaka, my plan is to go back to Spain to make the most of its weather, since it’ll be summer by then. There’s so many high-level national races that I can join, and even Europe Cups and World Cups. All these will be my preparation for the Asian Games,” said Casares, who joined two tournaments in New Zealand — Oceania Cup in Taupo, and World Cup in New Plymouth — as part of his training for the SEA Games.

Triathlon Association of the Philippines (TRAP) President Tom Carrasco had earlier predicted three gold medals.

Aside from Casares, the other gold medalists were Mangrobang (duathlon) and the mixed aquathlon relay team of Erika Burgos, Inaki Lorbes, Kira Ellis and Matthew Hermosa.

Mangrobang also got a silver medal in the triathlon, clocking (1:07:21) to finish second behind Cambodian naturalized entry Margot Garabedian (1:05.34). Singapore’s Louisa Marie Middleditch was third (1:07:24).

The Philippines leads the SEA Games all-time medal tally in triathlon, duathlon and aquathlon, with 35 medals15 golds, 12 silvers and 8 bronzes.

Let me end this piece by asking you readers: What do you think about this recent development? If you are a triathlon enthusiast, are you looking forward to the next overseas campaigns of the Philippine team triathletes? What is your opinion about Cambodia’s move on having more competitive foreign athletes naturalized as part of their strategy to win events in the SEA Games that they themselves have been hosting?

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

In ending this post, posted below are a few 32nd SEA Games multisport event videos for your viewing pleasure…

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

RCBC chief economist says that Philippine economic growth target likely to be hit this year

In light of the recent news that the Philippine economy grew by 6.4% in the first quarter of 2023, the chief economist of Rizal Commercial Banking Corporation (RCBC) says that the nation’s economic target for this year (for references, click here and here) will likely be hit, according to a Philippine News Agency (PNA) news report.

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

The government’s 6 to 7 percent economic growth target will likely be met this year despite possible effects of El Niño, an economist said on Friday.

Rizal Commercial Banking Corporation chief economist Michael Ricafort told the Philippine News Agency (PNA) that the 6 to 7 percent gross domestic product (GDP) expansion is possible amid easing year-on-year inflation that could help reduce the drag of higher prices on economic growth.

Fed (US Federal Reserve) and local policy rates could also be reduced later this year and into 2024 amid easing inflation, and as the economy further reopens towards greater normalcy with no more lockdowns as a policy priority,” he said.

Inflation reached as high as 8.7 percent in January. It has however started to decelerate and settled at 6.6 percent in April.

Ricafort said the possible effects of El Niño later this year and up to 2024 could lead to reduced agricultural output and some pick up in prices, “but would not have a significant drag on GDP growth.” he said.

“[Philippine] economic growth [is] expected to be among the fastest-growing in the region and among major economies around the world amid favorable demographics of the country with more than 110 million Filipinos, majority of Filipinos already at working age, (and) young average age of less than 25 years old, all of which would support GDP growth of at least 6%-7% in the coming years,” he said.

He noted that other possible drivers of growth would be increased consumer spending due to lower individual income tax rates, high overseas Filipino workers’ remittances, further increase in government spending, the continued growth of business process outsourcing, and the resumption of foreign tourism.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the Philippines will achieve 2023 economic growth between 6% to 7%?

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

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco