Tag: news

Subic Bay Freeport Visited By Thai Ambassador And Business Leaders

Subic Bay Freeport Visited By Thai Ambassador And Business Leaders

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A delegation led by Thailand’s ambassador to the Philippines Makawadee Sumitmor visited the Subic Bay Freeport Zone and was welcomed by the Subic Bay Metropolitan Authority (SBMA), the authorities confirmed. With the ambassador were business leaders of Thailand and they visited to explore investment opportunities in the Freeport.

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

A delegation of Thai business leaders, led by Her Excellency Makawadee Sumitmor, Ambassador of the Kingdom of Thailand to the Philippines, recently visited Subic Bay Freeport (SBF) to explore promising investment opportunities in this strategic economic zone.

The delegation was warmly received by Eduardo Jose L. Aliño, Chairman and Administrator of the Subic Bay Metropolitan Authority (SBMA), who highlighted the region’s strategic location within the Luzon Economic Corridor (LEC) and its potential as a hub for trade and industry.

On 26 July 2026, at the Subic Bay Exhibition and Convention Center (SBECC), members of the Thai business delegation met with SBMA’s Business and Investment Group (BIG) officers to discuss avenues for collaboration and potential investments in the SBF.

Ambassador Sumitmor emphasized the strong investment potential for Thai companies in sectors such as energy, logistics, technology, digital innovation, and various service industries. Representatives from the Thai embassy, the delegation, and PTT Philippines Corporation expressed optimism about future partnerships.

The delegation also toured key facilities and businesses within the Freeport, identifying strategic areas for investment in the LEC. PTT Philippines Corporation, a leading oil and energy company and a wholly owned subsidiary of Thailand’s PTT Oil and Retail Business Public Company Limited (PTT OR), serves as a strong foundation for expanding Thai ventures within the region.

The Subic Bay Freeport Zone plays a crucial role as a western maritime gateway in the Luzon Economic Corridor, linking major economic centers including Subic, Clark, Manila, and Batangas.

The LEC initiative aims to enhance infrastructure and logistics, fostering greater connectivity through substantial planned investments.

Thailand is actively pursuing opportunities in trade, logistics, and manufacturing within the Philippines’ LEC. The relative proximity of Subic Bay to Thailand, accessible by sea within three to four days, offers significant logistical advantages for Thai businesses seeking regional expansion.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident about Thailand making new investments in the Subic Bay Freeport Zone as the nation is actively pursuing opportunities within the Luzon Economic Corridor? What kind of businesses do you think Thai investors will set up in Subic Bay? Do you feel that direct travel connections between Thailand and Subic Bay will be realized soon?

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

Dedicated Power Plant For Pax Silica’s Energy Needs

Dedicated Power Plant For Pax Silica’s Energy Needs

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To ensure that the ambitious Pax Silica will have its very own power supply to meet its needs, the Bases Conversion and Development Authority (BCDA) recently announced that the proponents are studying the construction of a dedicated power plant, according to a business news report by GMA News.

Previously a P7 billion investment of the National Grid Corporation of the Philippines (NGCP) for Pax Silica’s energy supply was prompted. New Clark City was chosen to host the artificial intelligence (AI) hub.

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

The Bases Conversion and Development Authority (BCDA) said Sunday that proponents of the US-led Pax Silica project in New Clark City, Tarlac, are studying the construction of a dedicated power plant to ensure the facility does not compete with nearby residential communities for electricity.

Pax Silica has faced scrutiny over its projected resource requirements, with the BCDA estimating that the facility could require up to 3 gigawatts (3 million kilowatts) of power at full development.

“‘Yung kuryente, pinag-aaralan nila na magkaroon ng dedicated power plant… na hindi ito magsasapanganib sa supply ng kuryente lalo na para sa mga residential na komunidad. Ayaw rin nila ‘yon,” BCDA President and CEO Joshua Bingcang said in an interview on Super Radyo dzBB.

(Regarding power, they are studying the establishment of a dedicated power plant so that it will not jeopardize the electricity supply, especially for residential communities. They also want to avoid that.)

Bingcang said officials have discussed power and water requirements with the project’s proponents and partners from the United States, Japan, and South Korea, who also want to ensure that the facility has sufficient utility supplies.

“Kasi kung nakikita nilang wala, hindi rin pupunta ‘yung mga industriya na ito. So gusto nila, ‘pag pupunta rin sila dito, is stable, reliable at maaasahan ang kuryente,” Bingcang said.

(Because if they see that there is insufficient supply, these industries will not come. So if they invest here, they want the power supply to be stable, reliable, and dependable.)

“Kaya ngayon po, kasama na po, hindi lang po sa paggawa ng mga planta doon sa New Clark City, tinitingnan din nila ‘yung ecosystem,” he added.

(That is why they are looking not only at building plants in New Clark City but also at the entire ecosystem.)

Bingcang said this ecosystem includes the availability and reliability of power and water, as well as infrastructure, airports, seaports, and other facilities.

Clean, green energy – The BCDA said Pax Silica aims to use clean and green energy, with solar farms among the primary options being considered.

“So ang una po naming tiningnan dito ay solar farms. So meron na po tayong inaprubahan na solar project po diyan—ang mamumuhunan po ay sa Saudi Arabia,” Bingcang said.

(The first option we looked at was solar farms. We have already approved a solar project there involving an investor from Saudi Arabia.)

“Susunod po, hinihikayat na rin o nire-regulate na rin ng Department of Energy magkaroon ng mga battery storage… Kasi ang solar farm po ay mga ilang oras lang po, ‘pag gabi, wala na, so kailangan meron pong imbakan o storage ng baterya para sa maipon na enerhiya sa mga solar farm,” he added.

(Next, the Department of Energy is encouraging and regulating the use of battery storage. Solar farms generate power only during the day, so battery storage systems are needed to store energy for use when solar power is unavailable.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Pax Silica will eventually have its very own, high-capacity power plant to ensure it has sufficient energy while sparing the local communities that relied on the national power grid? Do you think solar power is sufficient for Pax Silica which will have AI-related projects?

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

President Marcos Orders Revival of Las Piñas Spillway

President Marcos Orders Revival of Las Piñas Spillway

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During his on-site inspection in Las Piñas City with the presence of Mayor April Aguilar, Congressman Mark Santos and Department of Public Works and Highways (DPWH) Secretary Vince Dizon, President Ferdinand “Bongbong” Marcos, Jr., ordered the revival of the Las Piñas Spillway which still remains incomplete for over a decade now, according to a news report by the Manila Standard.

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

President Ferdinand “Bongbong” Marcos Jr. on Tuesday ordered the Department of Public Works and Highways (DPWH) to revive and complete a long-delayed spillway in Las Piñas City, saying the project could significantly improve Metro Manila’s ability to drain floodwaters.

President Marcos issued the directive during an inspection of a high-vacuum self-priming drainage trailer pump at Alido Bridge in Barangay Zapote, as he assessed the effects of heavy rains that recently caused flooding in parts of the capital.

He said the Las Piñas spillway had been in the works for more than a decade but was never completed, and should now be revisited as part of the government’s broader flood-control strategy.

“Speaking of spillway, we really need to finish the spillway here in Las Piñas so there will be an outlet for the water, and that plan has been stalled for a long time,” the President told reporters.

Mr. Marcos said he had instructed DPWH Secretary Vince Dizon to review the existing plans, determine whether modifications were needed and move ahead with the project.

“Whatever needs to be done, we have to finish it,” the Chief Executive emphasized.

President Marcos described the spillway as a potentially significant component of flood-control efforts in the National Capital Region. He also credited renewed dredging activities with helping reduce the severity of recent flooding in Las Piñas.

Mr. Marcos said flooding that previously reached chest level was now below the knees in the area he inspected, while water was also receding faster because drainage channels had been cleared.

The President said the government had resumed dredging after a 12-year moratorium, which he said had contributed to rivers and spillways becoming increasingly shallow.

He said dredging would continue without interruption and would be carried out in coordination with local government units.

President Marcos also blamed garbage buildup in drainage channels for worsening flooding, particularly in Parañaque, saying some of the debris had been carried in from other areas and became trapped when high tide coincided with the opening of drainage channels.

He urged local governments and residents to improve waste disposal practices, warning that improperly discarded garbage could obstruct waterways and compound flooding.

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 the spillway in the city will somehow get completed during the remaining term of President Marcos? Are you hopeful the DPWH will get the job done?

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

Wanted Person Arrested In Las Piñas City For Rape And Child Abuse

Wanted Person Arrested In Las Piñas City For Rape And Child Abuse

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A person who has been wanted for rape, child abuse and other criminal charges across different jurisdictions was arrested by local police officers (in coordination with their provincial counterparts) in Las Piñas City, according to a news report by The Daily Tribune.

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

The National Capital Region Police Office (NCRPO) arrested a most wanted person during a high-impact joint law enforcement operation in Las Piñas City on Saturday morning.

The fugitive, who has active warrants for heinous crimes, was captured at approximately 7:10 a.m. inside his residence along Saging Street, Phase 1, Barangay CAA, Las Piñas City.

The accused was apprehended by combined operatives of the Las Piñas City Police Station and the Hindang Municipal Police Station of the Leyte Police Provincial Office.

He faces multiple severe charges across different jurisdictions, leaving him with no legal recourse for immediate freedom on his primary charge.

The first is a warrant for rape issued by a regional trial court in Leyte on 12 July 2021, with no bail recommended. The second is a separate warrant for violation of Section 10(a) of Republic Act No. 7610, or the Special Protection of Children Against Abuse, Exploitation and Discrimination Act, issued by a Las Piñas City court on 26 February 2015, with bail set at P80,000.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you thankful to the police officers for the successful apprehension of the suspect? Does this development make you feel safer in the city?

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

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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

Bomb Threat Causes Disturbance In Barangay Ayala Alabang Office Building

Bomb Threat Causes Disturbance In Barangay Ayala Alabang Office Building

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A few days ago in the City of Muntinlupa, a tenant in the Park Trade Centre building in Barangay Ayala Alabang received a bomb threat which caused a disturbance and alerted the local police, according to a news report by the Manila Bulletin.

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

An office in Barangay Ayala Alabang, Muntinlupa, received a bomb threat on Monday, Aug. 10, prompting a police investigation.

At 2:29 p.m., the administrator of a tenant firm on the fourth floor of the Park Trade Centre building on Investment Drive received an email claiming explosives had been planted on the premises.

The building’s security immediately alerted the Muntinlupa police.

Personnel from the Station EOD and Canine Unit (SECU) arrived at 3:35 p.m. to investigate. They conducted interviews and a threat assessment before carrying out a paneling operation, or search sweep, across different areas of the office.

By 4:10 p.m., the team declared the office clear of explosives or hazardous materials.

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, does this incident bother you? Can you guess what type of person would send a bomb threat via email to a local business?

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

Safety Measures In Public Schools In Las Piñas City Tightened

Safety Measures In Public Schools In Las Piñas City Tightened

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Following the tragic death of a student, safety measures in public schools located in Las Piñas City were tightened affecting the students as well as their parents and guardians, 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…

Public schools in Las Piñas have strengthened campus safety measures, urging parents and guardians — especially those with children in elementary schools — to provide transparent plastic water bottles or tumblers for their children following the fatal stabbing at Las Piñas National High School.

The Schools Division Office (SDO) of Las Piñas said the enhanced measures aim to safeguard the well-being of all learners across the city’s public schools.

Officials reminded students not to bring sharp objects to school to prevent accidents and encouraged them to immediately report bullying, harassment, or unusual behavior to teachers, guidance counselors, or administrators for prompt intervention.

The reminders were reinforced during an emergency meeting convened by Schools Division Superintendent Melody P. Cruz on Saturday, Aug. 1, with public school principals.

Department of Education National Capital Region (DepEd NCR) Regional Director and concurrent Officer in Charge Assistant Secretary for Operations Jocelyn DR Andaya also attended.

The meeting, called in the wake of the fatal stabbing, focused on strengthening safety protocols, preventive measures, and closer coordination among schools, parents, local government units, and the community.

Andaya stressed the need for collective action to protect learners, saying, “One life taken is a life too many.”

She urged school officials, parents, and stakeholders to work together in maintaining safe, secure, and child friendly learning environments.

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 the tightening of security in public schools will make a long-lasting impact?

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

47 World War II Veterans Honored In Muntinlupa City

47 World War II Veterans Honored In Muntinlupa City

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Recently in the City of Muntinlupa, forty-seven World War II veterans were honored during a special ceremony hosted by the Mayor at the Museo ng Muntinlupa, according to a news report by the Manila Bulletin.

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

Forty-seven Filipino World War II veterans were conferred the US Congressional Gold Medal in a ceremony held in Muntinlupa City.

Muntinlupa Mayor Ruffy Biazon hosted the awarding ceremony at the Museo ng Muntinlupa.

“Ito ang pinakamataas na civilian honor mula sa U.S. Congress. So aside from their pension, our veterans are also given this tribute dahil sa kanilang kabayanihan (This is the highest civilian honor from the US Congress. So aside from their pension, our veterans are also given this tribute for their heroism),” he said.

The ceremony was attended by Lt. Col. Roy Stone, chief of staff of the Joint U.S. Military Assistance Group to the Philippines (JUSMAG-PHIL), and Senior Undersecretary Irineo Espino of the Department of National Defense.

They were joined by Muntinlupa Rep. Jaime Fresnedi, Usec. Reynaldo Mapagu of the Philippine Veterans Affairs Office (PVAO), and Krista Staley, assistant veterans service center manager of the Manila Regional Benefits Office of the US Department of Veterans Affairs.

The forty-seven posthumous awardees included Lieutenant Colonel Iluminado G. Vallejo Sr., Lieutenant Colonel Vicente O. Novales, Lieutenant Colonel Luis D. Vinoya, First Lieutenant Benjamin B. Gloria, Second Lieutenant Arsenio F. Librado Sr., Second Lieutenant Desiderio D. Malabuen, Second Lieutenant Francisco S. De Guzman, Master Sergeant Gregorio C. Nolasco, Master Sergeant Juan R. Peñamante, Technical Sergeant Pascual M. Tampil, Technical Sergeant Francisco D. De Leon, Staff Sergeant Alfredo F. Del Monte Sr., Sergeant Celso A. Escosia, Sergeant Manuel G. Abundancia Sr., Sergeant Marcelo S. Encarnacion, Sergeant Canuto G. Argame, Sergeant Victor S. Santos, Sergeant Victorio D. Montillano, and Sergeant Juan B. Gacutan.

They also included Corporal Sisenando E. De Castro, Corporal Sinfroso M. Pili, Corporal Glicerio R. Revillame, Corporal Jesus H. Gegato, Corporal Maximo E. Formaran, Corporal Damian P. Ogoc, Corporal Florentino D. Vargas, Private First Class Candido A. Luna, Private First Class Leopoldo V. Salavante, Private First Class Pedro R. Magbanua, Private First Class Regalado C. Ruiz, Private First Class Felix U. Castro, Private First Class Patrocinio G. Viñalon, Private First Class Severino A. Gasmin Sr., Private First Class Felicitos A. Lubrio, and Private First Class Bayani V. Gutierrez.

Other honorees were Private Paulo P. Damasco, Private Joaquin T. Taleon, Private Miguel P. Lopena, Private Tagumpay M. Villadolid, Private Romualdo N. Villanueva, Private Mariano N. Millama, Private Santos G. Orellana, Private Emeterio B. Pacate, Private Sixto M. Garbo, Private Uliran A. Ortiz, Private Igmedio V. Paliok, and Private Mamerto R. Pagkalinawan.

Stone said the US Congressional Gold Medal is a profound expression of America’s gratitude to Filipino World War II veterans for their courage, sacrifice, and service.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you thankful to the local police officers for the successful buy-bust operation?

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

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

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The economy of the Philippines slowed down even further in the 2nd quarter of 2026 landing at 2.3%, according to a news report by GMA News. Embarrassingly, this made the Philippines an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN).

By comparison, the economy of the Philippines achieved only 2.8% growth in the 1st quarter of this year. The nation’s economic growth for 2025 was at 4.4%

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

The Philippine economy continued to slow down in the second quarter of 2026, still due to a subdued investor and consumer sentiment amid the lingering effects of the flood control corruption scandal and the inflationary pressure brought by Middle East crisis-induced global fuel price shocks, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA chief and National Statistician Claire Dennis Mapa said the economy, as measured by gross domestic product (GDP)—the value of goods and services produced in a period— grew 2.3% in the April to June 2026 period, slower than the 2.8% growth seen in the first quarter of 2026.

This is the economy’s weakest footing since the fourth quarter of 2009 —excluding the contraction seen during the COVID-19 pandemic years— when the GDP growth rate was at 1.8%.

The 2.8% second quarter GDP growth put the Philippines behind its neighbors in Southeast Asia that already released their April to June economic growth rates such as Indonesia at 5.29%, Vietnam at 8.39%, and Singapore at 5.7%.

The first half of 2026 GDP growth rate stood at 2.6%, still behind the government’s downwardly revised target of 3.5% to 4.5% for the entire year.

Despite the economic slowdown, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “What we are experiencing right now, I believe, is transitory, temporary.”

“Domestic demand remained subdued, mainly because total investment continued to contract as public construction declined. Household consumption growth also moderated amid higher inflation, job losses, and lower remittance receipts arising from the Middle East conflict,” Balisacan said.

Household final consumption expenditure grew 2.8%, slower than 5.2% in the same period last year, weighed by contractions in transport (-7.5%), alcoholic beverages and tobacco (-1.9%), recreation and culture (-0.8%), and restaurants and hotels (-0.2%).

Government expenditure, likewise, slowed down by 8.3% from 8.7% year-on-year; while gross capital formation (GCF) —which measures investments— contracted by 9.2% from a growth rate of 0.9% a year ago.

The decline in GCF was due to the decline in construction at 14.8% with government spending on construction contracting 32.4%.

“Although public construction is a small part of the economy, the amount of contraction, at 32%, brought a significant impact on the economy,” Balisacan said.

“The sharp decline in public construction was the main contributor in the decline in investments… driven by continuous caution due to the flood control scandal,” the country’s chief economist said.

Among the major economic sectors, agriculture posted a growth rate of 2.7%, slower than 7% year-on-year; industry declined by 2.4%, from an increase of 2.1% weighed by the construction’s depreciation; services grew slower at 4.5% from 6.9%.

Agriculture, industry, and services sector contributed 7.5%, 27.9%, and 63.3%, respectively to the total GDP during the quarter.

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 eventually fall into a recession in 2027? Do you believe that the hosting of the ASEAN summit by the Philippines will result in economic miracles and more foreign investment?

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

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

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The Subic Bay Metropolitan Authority (SBMA) has officially launched the Swiss challenge for the P7 billion proposal for the upgrading and management of the Subic Bay International Airport (SBIA) and this opened the field for entities to submit their proposals challenging the existing proposal of Cerberus Asia Pacific Investments LLC, according to a Manila Bulletin news report.

For previous blog posts about the SBIA project, click here, here and here.

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

The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.

In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.

SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.

Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.

Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.

Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).

“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.

Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.

The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

SBMA noted that the airport’s location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.

“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.

In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.

The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.

“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.

“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.

By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.

The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.

With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be a lot of corporations locally and overseas that will submit their Subic Bay International Airport proposals to the SBMA? When was the last time you arrived at the international airport in the Subic Bay Freeport Zone?

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

Philippines July 2026 Inflation Still Above Government Ceiling

Philippines July 2026 Inflation Still Above Government Ceiling

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Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

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

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% 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