Tag: news

I Love Israel: Israel And Philippines Deepen Technology Ties

I Love Israel: Israel And Philippines Deepen Technology Ties

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Israel and the Philippines have agreed to deepen ties with each other on the field of technology which will open new paths of investment and partnerships between Filipino and Israeli companies, according to a news report by The Daily Tribune.

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

The Philippines and Israel are expanding cooperation in technology, with Israeli firms seeking partnerships with Philippine companies in areas ranging from network management and cybersecurity to connectivity and aerospace software.

The push was highlighted during the Israel Mobile Delegation to the Philippines’ business-to-business forum held Tuesday in Bonifacio Global City, where Israeli industry leaders met with local stakeholders to explore partnerships and advance digital connectivity and network resilience.

The forum, themed “Harnessing Innovation for Network Resilience,” featured five Israeli companies: Amdocs, Cato Networks, Gilat Satellite Networks Ltd., Spacecom and Symmetrium.

The initiative aims to connect Filipino and Israeli firms based on market demand while providing a framework to strengthen business cooperation between the two countries.

“We see a great interest from the Philippine system in Israel, which emerges in many fields,” said Ofek Venecianer, economic counselor at the Israeli Embassy.

“It’s not just coming from Israel. It’s going from agriculture, cybersecurity to mobile. This event is specifically for mobile. [I] can say that the Philippine companies understand the unique value of the Israeli companies. It’s very advanced,” she added.

Venecianer said Israeli companies view the Philippines as a promising market for expansion.

“Since Israel is a small country, all the Israeli companies know that they need to scale up,” she said.

“When you look for countries where they can scale up, the Philippines is definitely a good fit for the Israeli market. Israeli companies are very much looking forward to it.”

Resiliency – A key focus of the forum was network resilience, an area where Israel sees opportunities to contribute to the Philippine telecommunications sector.

“In the end of the day, resiliency is like a state of mind,” Venecianer said. “It can be a different strategy, tackle different challenges.”

She said Israel’s experience in emergency response and critical infrastructure management could help strengthen the resilience of the Philippines’ mobile ecosystem, adding that cybersecurity remains one of Israel’s leading sectors.

Matching the need – Israeli Ambassador to the Philippines Dana Kursh said future cooperation will be guided by the specific needs of the Philippines.

“When it comes to the sectors, at the end of the day, it’s just matching the need,” she said.

“And the need when it comes to resiliency, especially at this time of the year, it’s crucial.”

Kursh said opportunities for collaboration exist across agriculture, health, education, cybersecurity and other sectors, with innovation and technology serving as key enablers.

“President Marcos himself is very loud and clear in his prioritizing generally—he says two words. It’s innovation and technology. We have to weave innovation and technology to each one of those sectors in order to flourish,” she said.

To all my readers, I encourage you to pray to the Lord for technology-related breakthroughs between Israel and the Philippines so that both nations will prosper, innovate and create new jobs for those who badly need them. The Philippines itself is having a disappointing time this year with weakening economic growth, rapid inflation, and the recent embarrassment that happened at the United Nations (UN). Even though the current officials of the government cannot realize the truth, the Philippines really needs Israel as a long-term partner.

At the same time, I encourage you all to realize the truth that Israel is the land God designated specifically for the Jewish people (read Genesis 35:10-12) and His command must be followed without hesitation. If you want to be blessed further by the Lord, do so by loving and blessing the Jewish people (Genesis 12:1-3). I did my part when I was in Israel. Also, let me remind you all that the ties between the Jews and Christians are truly biblical!

I encourage you all to pray to the Lord God in support of Israel, to love and bless the Jewish people, and pray for the peace of Jerusalem.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful, you should be aware that Christians are meant to stand united with Israel and love the Jewish people no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus!

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

Muntinlupa Mayor Thanks Taxpayers For Back-To-School Program

Muntinlupa Mayor Thanks Taxpayers For Back-To-School Program

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Recently in the city of Muntinlupa, the City Government distributed packages of school supplies to public school students and Mayor Ruffy Biazon expressed his gratitude to the taxpayers for their contributions to the local back-to-school program, 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…

Muntinlupa Mayor Ruffy Biazon, citing the vital role of taxpayers’ contributions, led the distribution of the city government’s “Balik Eskwela” packages to public school students on Tuesday, June 16.

“Salamat sa taxpayers kaya we are able to provide free school supplies to public school students (Thanks to the taxpayers, we are able to provide free school supplies to public school students),” Biazon said.

Each package contains backpacks, notebooks, pens and pencils, pencil cases, pad papers, and MUNwalk sneakers for learners from kindergarten to senior high school.

Biazon personally visited several schools, including Alabang Elementary School, Bayanan Elementary School Unit 1, and Muntinlupa Elementary School, to hand out the supplies.

“Maayos at smooth ang naging distribution natin ng libreng balik eskwela packages sa Alabang Elementary School. Tuwang-tuwa ang students at parents dahil sa excitement. Basta enrolled sa public schools sa Muntinlupa, mabibigyan (Our distribution of free back-to-school packages at Alabang Elementary School went smoothly. Students and parents were very happy because of the excitement. As long as they are enrolled in public schools in Muntinlupa, they will be given),” he assured.

It is estimated that about 100,000 public school students, including those in early childhood education, will each receive the package.

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 approve of the City Government’s distribution of school supplies to local public school students?

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

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

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Subic Bay Port Operations Revenue Jump 20% To P389 Million In 1st Quarter Of 2026

Subic Bay Port Operations Revenue Jump 20% To P389 Million In 1st Quarter Of 2026

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The Subic Bay Metropolitan Authority (SBMA) recently announced that the port operations revenue reached P389 million in the first quarter of this year which reflects a 20% jump compared to the previous year.

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

The Subic Bay Metropolitan Authority (SBMA) generated PHP 389 million in revenues from port operations during the first quarter of 2026, with a 20 percent increase from last year’s PHP 324 million.

SBMA Senior Deputy Administrator for Port Operations Ronnie Yambao disclosed that the Seaport Department alone generated PHP 302 million of the said amount, the Airport Department with PHP 50 million, and the Trade Facilitation and Compliance Department (TFCD) at PHP 36 million.

According to Yambao, the Seaport Department generated PHP 302 million from higher Vessel and Cargo Charges which increased by 31 percent, while the number of ship calls also increased by 20 percent.

The Port of Subic recorded a total of 463 ship calls by foreign and domestic vessels, 171 of which were bulk and break-bulk vessels, recording a 29 percent increase. Meanwhile, there was also an 18% increase in recorded port calls with 159 liquid bulk vessels.

“Consequently, revenues from SBMA’s share in Pilotage Services also increased by 20 percent, while Tugboat Services posted a significant 75 percent growth,” he said.

Revenues from wharfage fees also escalated by 24 percent with an increase in total volume of containerized cargo by 3 percent. This was driven mainly by a 5 percent growth in imports, equivalent to 28,070 TEUs.

Major contributors included assorted food products from Ecossential Foods Corp., and rubber products from Yokohama Tires Philippines Inc. Export cargoes likewise grew substantially by 31 percent, reaching 15,757 TEUs, primarily contributed by DSV Air and Sea Inc. and Yokohama Tires Philippines Inc.

Meanwhile, non-containerized cargo volume posted a remarkable 30 percent increase, mainly driven by bulk and break-bulk cargoes, which rose by 47 percent. Key commodities contributing to this growth included rice (up by 331 percent), corn (up by 571 percent), soybeans (up by 15 percent), wheat (up by 16 percent), and liquid bulk petroleum products (up by 11 percent).

Yambao added that revenues from SBMA’s share in Cargo Handling Services increased by 22 percent, largely from Amerasia International Terminal Services Inc., Mega Subic Terminal Services Inc., and Subic Bay Freeport Grain Terminal Services Inc.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the port of Subic Bay will be able to exceed 2025’s revenues by the end of this year?

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

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

IAEA Pledges Technical Guidance For The Philippines

IAEA Pledges Technical Guidance For The Philippines

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The effort of the Philippines to lay the foundation for the intended integration of nuclear power into the national grid got a boost from the International Atomic Energy Agency (IAEA) which pledged technical guidance to the government, 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…

As the Philippines actively lays the foundation for the integration of nuclear power into its national grid, the International Atomic Energy Agency (IAEA) has pledged technical guidance to support the government once it opens dedicated green energy auctions (GEAs) for the technology.

IAEA Director General Rafael Mariano Grossi told Manila Bulletin last Monday, June 8, that the Vienna-headquartered agency is ready to assist in the Philippines’ nuclear auction process, provided that the legal and regulatory groundwork for the country’s nuclear framework is clearly established and moving forward.

Citing his visit to Manila in November last year, Grossi noted that advisory support on the auction framework was among the topics discussed during his meeting with President Ferdinand R. Marcos Jr. regarding bilateral nuclear cooperation.

“We have also discussed the possibility of providing advice in terms of the bidding process. So there’s a range of things where the IAEA will be able to contribute,” the IAEA chief said.

The Department of Energy (DOE), through its Nuclear Energy Program Inter-Agency Committee (NEP-IAC), said last year that it is studying an auction mechanism specific to nuclear energy, which would be treated similarly to the government’s existing GEA Program (GEAP). Patrick Aquino, technical secretariat head of NEP-IAC, previously said that overcoming legal challenges would allow the government to begin consultations on a nuclear auction.

Last November, the IAEA signed a memorandum of understanding (MOU) with the Manila-based multilateral lender Asian Development Bank (ADB) to establish a framework supporting nuclear energy development in the Philippines, including the potential deployment of small modular reactors (SMRs).

The agreement includes knowledge-sharing and technical capacity-building initiatives, energy planning, nuclear fuel cycle management, radioactive waste management, and assistance throughout the life cycle of nuclear facilities.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government of the Philippines will be able to establish the foundation of integrating nuclear power into the national grid before the term of President Marcos ends in mid-2028? Do you think the IAEA’s pledge of support will accelerate the nuclear-related developments in 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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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

America Is Currently Top Market Of Foreign Visitors For The Philippines

America Is Currently Top Market Of Foreign Visitors For The Philippines

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It is not a secret that the Philippines has been having trouble attracting visitors from overseas. There was a tourism boom in Southeast Asia in 2025 and the Philippines fell way behind its neighbors (note: Vietnam attracted over 21 million visitors while Indonesia attracted over 15 million). When it comes to foreign tourists counted in 2025, the Philippines attracted 8,375 less compared to 2024.

In fairness, domestic tourism here in the Philippines is thriving as Filipinos and their families do have a strong appetite for local travel and holidays. On the aspect of foreign tourism with statistics counted as of June 16 this year, the United States has emerged as the top market for the country, according to a news article by the Philippine News Agency (PNA).

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

The Philippines has welcomed 2.9 million foreign visitors from January 1 to June 16, 2026, led by those from the United States, the Department of Tourism (DOT) said.

Preliminary figures released Thursday showed tourists from the U.S. reached 591,569 out of the country’s total inbound arrival of 2,955,014 during the period.

The DOT has yet to provide the full breakdown of top visitor arrivals, but said the U.S. “has now become our number one source market,” and it expects the figures to further grow.

At the general membership meeting of the American Chamber of Commerce of the Philippines (AmCham) on June 17, Tourism Secretary Dita Angara-Mathay said the DOT will intensify its push for more tourism and investment partnerships with the U.S.

“We no longer see tourism simply as promotion. We see it as a platform for long-term investment,” she said, citing as example the USD3.4 billion in investments, pipeline opportunities, and financial support the Philippines secured during President Ferdinand R. Marcos Jr.’s recent state visit to Japan.

“This is the direction we are pursuing — tourism as a connector sector that brings together aviation, infrastructure, healthcare, and regional development.”

The DOT, she said, will also work closely with relevant government agencies to improve and expand air connectivity across the country.

“To make this more systematic, we will convene regular airline and airport connectivity discussions with carriers, airports, stakeholders, and government agencies. The goal is simple: solve bottlenecks together and turn plans into actual flights,” she added.

At the same time, Angara-Mathay said DOT would sustain efforts to develop the Philippines’ high-value tourism segments such as meetings, incentives, conferences, and exhibitions (MICE), gastronomy, wellness, education, and retirement tourism.

“Once people can get here more easily, the next question is what kind of experience we offer them. And that brings me to high-value tourism. Our goal is not simply to bring in more visitors, but to make every visit more meaningful, longer stays, higher spending, and deeper engagement with our destinations and communities,” she said.

To put things in perspective, 2,955,014 foreign visitors attracted in the first 167 days of 2026 is equivalent to an average of 17,694.69 per day. At that rate, the Philippines could attract more than 6.4 million this year and exceed the 2025 count. However, the DOT did not specify if the current count excludes Filipinos with foreign citizenship (or dual citizenship) based overseas.  

Let me end this post by asking you readers: What is your reaction to this recent development? Were you surprised that the United States overtook South Korea as the top market of foreign visitors to the Philippines? Under the new leadership of the DOT, do you feel confident that improvements on attracting foreign visitors will happen this year? What do you think the Philippines has when it comes to attracting American tourists?

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

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

Weak Infrastructure Safeguards In The Philippines Exposed

Weak Infrastructure Safeguards In The Philippines Exposed

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It has been several months since the flood control corruption scandal rocked the Philippines. As a result, the scandal exposed weak infrastructure safeguards, according to a news report by the Manila Bulletin.

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

The Organization for Economic Cooperation and Development (OECD) has flagged corruption as a major risk to Philippine infrastructure delivery, warning that the multibillion-peso flood-control corruption scandal show that current accountability safeguards remain insufficient to prevent the misuse of public funds.

In its report titled “Accelerating Sustainable Infrastructure Investments: Assessing Policies for Planning, Delivery and Financing in Central and Southeast Asia” published on Friday, June 12, the Paris-based OECD said procurement weaknesses continue to undermine infrastructure development in the Philippines despite existing legal frameworks and reform initiatives.

“Corruption remains a major risk in infrastructure delivery” in the country, OECD said, citing persistent procurement vulnerabilities despite measures such as the Integrity Initiative and online blacklisting.

OECD said anti-corruption clauses should be embedded in public procurement and public-private partnership (PPP) contracts, while transparency mechanisms should be expanded to strengthen oversight over infrastructure projects.

It said recent high-profile scandals involving infrastructure rollout, particularly flood-control projects, showed that existing accountability mechanisms were not enough to prevent the improper use of public funds.

OECD devoted a section of its Philippines chapter to flood-control governance failures, citing reports in a University of the Philippines Center for Integrative and Development Studies (UP CIDS) policy brief on irregularities affecting projects worth more than ₱545 billion, or about $9.5 billion, since 2022.

According to OECD, UP CIDS reported that a significant share of contracts had been awarded to a small number of firms, while some projects were found to be non-existent or poorly executed.

The report also cited estimates that corruption in flood-control spending may have cost the government ₱42 billion to ₱118 billion, or $700 million to $2 billion, a year.

OECD said the case showed how corruption and mismanagement could weaken climate resilience while wasting scarce public funds in a country highly exposed to climate-related flooding.

To address these risks, OECD said the Philippines should strengthen procurement transparency, independent audits, competitive bidding, and project-level monitoring.

It also recommended publishing contract data and linking budget releases to verified project completion to help protect public resources as well as ensure that infrastructure investments deliver actual resilience and development outcomes.

OECD said public procurement, PPPs, and state-owned enterprises (SOEs), or locally known as government-owned and/or controlled -corporations (GOCCs), should “lead by example” in promoting responsible business conduct (RBC) in infrastructure.

While the Government Procurement Reform Act (GPRA) already includes RBC-related provisions, OECD said bidding documents still lack references to climate resilience and broader RBC risks.

The report also noted that the PPP Code mandates environmental and social safeguards, but gaps remain in standardized procedures as well as the capacity of local government units (LGUs) to implement them.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think it will still be a few years before guilty ones behind the flood control corruption scandal will be brought to justice? Do you think infrastructure development will continue to be hampered by corruption over the next ten years?

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

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

Re-Registration Deadline For Homeowners’ Associations Extended Until December 2026

Re-Registration Deadline For Homeowners’ Associations Extended Until December 2026

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Homeowners’ associations (HOA) have until December 18, 2026, to get themselves re-registered as a result of the deadline extension ordered by the Department of Human Settlements and Urban Development (DHSUD), according to a news article by the Philippine News Agency (PNA). Previously, the deadline was set for June 18.

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

The Department of Human Settlements and Urban Development (DHSUD) has ordered the extension of the deadline for the re-registration of homeowners’ associations (HOAs), previously registered with the Securities and Exchange Commission (SEC) and Home Insurance Guarantee Corporation (HIGC), until Dec. 18, 2026.

DHSUD Secretary Jose Ramon Aliling signed Department Order 2026 -007 series of 2026 providing a six-month extension from the June 18, 2026 deadline for the identified HOAs.

Aliling said senior officials and the Homeowners Association and Community Development Bureau (HOACDB) recommended the need for the extension after in-depth assessment and consultation with stakeholders.

“This move is based on the consultations and online feedback from our stakeholders. After careful evaluation, we have come-up to this decision to ensure that all HOA will be registered under DHSUD,” Aliling said in a news release on Sunday.

Under Section 4 of the Republic Act 9904 or the Magna Carta for Homeowners and Homeowners Association, all subdivisions and government housing HOAs, including those registered with SEC and HIGC, are required to re-register with DHSUD, formerly Housing and Land Use Regulatory Board (HLURB).

Pursuant to Section 32 of the Revised Implementing Rules and Regulations (IRR) of RA 9904, the registration of homeowners’ associations that failed to comply with the re-registration requirement by June 18, 2025, shall be automatically suspended.

Suspended HOAs and their members may no longer implement their rights and powers stated under Republic Act 9904 and its 2024 revised IRR, request assistance from DHSUD for complaints and conflicts, and file a complaint at the Human Settlements Adjudication Commission.

Let me end this post by asking you readers: What is your reaction to this recent development? Are the homeowners’ associations in your city working on getting themselves re-registered? Have you talked with your HOA officials 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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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

World Bank Sees Below-Target Philippine Economic Growth In 2028

World Bank Sees Below-Target Philippine Economic Growth In 2028

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In its latest analysis of the economy of the Philippines, the World Bank (WB) predicts a below-target economic growth will happen in 2028, according to a news report by BusinessWorld.

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

THE WORLD BANK said the Philippine economy is likely to expand by 5.6% in 2028, still below the government’s 6-7% target, amid an expected recovery in public investment.

In the latest Global Economic Prospects report, the World Bank said it retained its gross domestic product (GDP) growth forecasts for the Philippines at 3.7% in 2026 and 5.6% in 2027.

If realized, growth would fall short of the government’s 5-6% target for 2026 but would be at the lower end of its 5.5-6.5% goal for 2027.

“Growth in East Asia and the Pacific excluding China is forecast to improve to 4.9% in 2027-28 as geopolitical uncertainty dissipates, energy prices settle, and demand improves,” the World Bank said.

“Public investment is expected to recuperate in the Philippines, and Indonesia’s growth will be supported by state-led investment initiatives,” it added.

The Philippine economy expanded by a weaker-than-expected 2.8% in the first quarter, the slowest pace since the pandemic, amid lingering uncertainty from last year’s corruption scandal and higher oil prices linked to the Middle East conflict.

“The World Bank’s outlook is plausible, but I would not treat it as the only reasonable scenario,” Ateneo Center for Economic Research and Development Senior Research Fellow Ser Percival K. Peña-Reyes told BusinessWorld.

He said the weak 2026 forecast reflects uncertain global conditions, elevated geopolitical and trade tensions, fiscal consolidation, weather-related disruptions, and food price shocks.

However, Mr. Peña-Reyes said economic expansion this year could be stronger if household consumption remains resilient, inflation continues to ease, infrastructure spending is sustained, investment reforms gain traction, and monetary policy becomes more accommodative.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will keep on growing below the targets set by the government? Could it be possible that an economic recession can still happen in the Philippines in 2028?

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

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

GCash To Implement In-App OTPs On June 22, 2026

GCash To Implement In-App OTPs On June 22, 2026

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GCash, the popular mobile payments service and electronic wallet, will implement the in-app, one-time password (OTP) feature on June 22, 2026, according to a business news report by GMA News. The move is a serious attempt to prevent digital fraud.

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

Globe-backed fintech GCash is rolling out an in-app one-time password (OTP) feature beginning June 22, 2026.

The security upgrade replaces text-based codes with OTPs delivered directly within the mobile application. To prevent any disruption to transactions and account activities, GCash is urging users to ensure that their device’s push notifications are fully enabled.

GCash said the move is in line with the directive of the Bangko Sentral ng Pilipinas to phase out SMS-based OTPs by June 30, 2026.

The measure also supports the enforcement of the Anti-Financial Account Scamming Act (AFASA), which aims to strengthen cybersecurity safeguards and curb the growing incidence of digital fraud, GCash said.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are an active user of GCash, were you ever a victim of digital fraud or online theft? Do you think GCash’s new move will keep users safe from fraudsters, hackers and scammers?

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

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

US Embassy Official Says Philippines Can Lead Nuclear Energy Renaissance With Skilled Workforce

US Embassy Official Says Philippines Can Lead Nuclear Energy Renaissance With Skilled Workforce

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An official of the United States Embassy stated that the Philippines can play a huge role in the global nuclear energy renaissance if it could develop successfully a skilled and capable workforce, 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 Philippines can play a leading role in the global nuclear energy renaissance if it succeeds in developing a skilled workforce capable of supporting a safe, secure, and modern nuclear sector, a United States (US) Embassy official said on Thursday, June 11.

During the Nuclear Workforce Educational Forum at the University of Makati, US Embassy Counselor for Public Diplomacy Jessica Simon said workforce development remains key to the country’s civil nuclear ambitions, with the United States helping build that talent pool through the Fulbright Program in the Philippines.

“Today’s forum reflects a shared aspiration: that the Philippines will not simply observe the global nuclear energy renaissance, it will help lead it,” she said.

“Central to building a safe, secure, and modern nuclear sector is a skilled workforce. Through the Fulbright Program in the Philippines, the United States is building this workforce together with you,” she went on.

Simon said the Philippines and the United States are marking 80 years of diplomatic relations this year, providing an opportunity to strengthen cooperation in areas that could shape the future of both countries, including civil nuclear development.

“This year, the Philippines and the United States celebrate 80 years of our diplomatic relationship. It’s a chance to look back and celebrate all we’ve accomplished together. It’s also a chance to look forward, to consider everything we can accomplish together over the next 80 years,” she said.

“If anything meets that goal, it’s the work the Philippine American Educational Foundation is doing in support of the Philippines’ civil-nuclear development,” she added.

The forum was organized by the Philippine-American Educational Foundation (PAEF), also known as Fulbright Philippines, under its Freedom 250 initiative, which commemorates the 250th anniversary of the founding of the United States in 2026.

Per Simon, the initiative seeks to foster cross-sector dialogue on issues relevant to both countries by bringing together government agencies, academic institutions, and private-sector stakeholders.

She said the US Mission and PAEF have been working with agencies such as the Department of Energy, Commission on Higher Education (CHED), and Technical Education and Skills Development Authority (TESDA), as well as private energy companies, through programs such as the International Visitor Leadership Program, Fulbright Specialists, and Speaker Programs.

The development of a nuclear workforce, she said, requires contributions from all levels of expertise, from researchers and engineers to skilled technicians.

“At the heart of today’s forum is a simple but powerful insight: building a nuclear workforce requires a full-stack approach,” Simon said.

“Every layer matters, from PhD researchers to licensed engineers to skilled technicians. Neglect the technician layer, and you build a system that looks impressive on paper but cannot function in practice,” she added.

Simon urged participants to translate the discussions into concrete institutional action as the Philippines explores the development of its nuclear energy sector.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines has what it takes to fully develop a skilled workforce that is capable of supporting a safe, secure, and modern nuclear sector?

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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