Philippine News Agency (PNA) – Page 3

Philippines attracts 3.47 million international visitors as of July 30, 2025

August 10, 2025July 31, 2025carlocarrasco

As the Department of Tourism (DOT) gave the press updates about the state and direction of tourism, it was revealed that the international visitors who arrived in the Philippines this year reached less than 3.5 million as of July 30, according to a Philippine News Agency (PNA) news article.

For the newcomers reading this, the DOT confirmed early this year that the nation attracted less than 6 million foreign tourists in 2024 (note: the declared target was 7.7 million) and quickly pointed to all-time high revenue for success and the tourism industry as a whole contributed 8.9% to the 2024 Philippines gross domestic product (GDP).

By attracting 3.47 million international visitors as of July 30, 2025, it looks like the Philippines will barely reach the 6 million mark by the end of the year, and there is no denying the fact that not enough foreign tourists are visiting the country. Keep in mind that in the Philippine perspective, international visitors include both foreign tourists and overseas Filipinos.

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

The Philippine tourism sector has so far generated USD4.2 billion (PHP242 billion) in visitor receipts from Jan. 1 to June 18, the Department of Tourism (DOT) said Thursday. Tourism Secretary Christina Frasco said the figure is up 0.48 percent, year on year.

As of July 30, the agency recorded 3,473,726 international visitors – 3.15 million foreigners and 317,536 overseas Filipinos.

In a media briefing in Makati City, Frasco said the DOT is planning to recalibrate its targets for 2025 to take into consideration the challenges the sector is currently facing.

Despite this, aggressive promotions will continue in the Philippines’ top markets, including South Korea, Japan, and the United States.

The DOT, Frasco said, would also increase Philippine exposure in Canada to capture more Canadian visitors with the recent launch of direct flights from Air Canada.

With recalibration underway, Manila is likewise looking at emerging markets to boost arrivals, among them Australia, the United Arab Emirates, and India, Frasco said.

“We’re taking a very close look at these exciting markets, especially India, which now has visa-free access and forthcoming direct flights to Manila,” she said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the DOT right now cannot come up with effective solutions to make the Philippines a more attractive tourist destination? Do you think Congress should increase the annual budget of the DOT so that it can execute its tourism plans? Does the DOT need a new leader 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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I Love Israel: Talks of possible Free Trade Agreement (FTA) to boost Israeli investments into the Philippines

August 5, 2025July 30, 2025carlocarrasco

In recent times, Israel’s Minister of Economy and Industry Nir Barkat visited the Philippines and he has officially confirmed that the Jewish state and the nation of Filipinos are starting the process for initial negotiations for a free trade agreement (FTA), according to a news article by the Philippine News Agency (PNA). If an FTA is realized sometime in the future, it would mean more Israeli investments coming into the Philippines.

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

The announcement of the Philippines and Israel’s intention to pursue free trade agreement (FTA) talks is certain to bring in more Israeli investments into the country.

Visiting Israel Minister of Economy and Industry Nir Barkat said the Philippines and Israel “actually are starting the process” to initiate negotiations on a free trade deal.

“Usually, it takes few years to sign an FTA. By defining that we will, many investors will start collaborating now,” he told reporters on the sidelines of a reception in Taguig City on Tuesday night.

“When investors see that in a year, two years, at some point in time, there’s going to be an FTA, they (start) to invest already. The impact of announcing that we will be doing a deal together is quite immediate.“

Barkat said Israeli firms are eager to expand businesses on a number of areas, specifically agricultural technology and food technology in the Philippines. Israel, he said, is also intent on growing its already robust trade with the country.

“My goal is to have 10 times more trade in 15 to 20 years with all countries, including the Philippines. In order to scale to such volumes of trade, we need to put foundation for long term infrastructure, and that’s what we’re doing in this visit,” he told the Philippine News Agency in a separate interview.

Barkat said he sees the Philippines as a partner that could aptly “complement” Israel both by scale and scope.

In his 4th State of the Nation Address on Monday, President Ferdinand R. Marcos Jr. said the Philippines is ready to receive local and foreign investors, especially on agriculture.

This newest development shows the continuing growth of Israel-Philippines ties with trade in mind. Even though Israel remains fighting the Palestinian terrorist group Hamas in Gaza, the Jewish state still manages to have economic breakthroughs (click here and here). Given the fact that Israel won the 12-day War over terrorist state Iran, that alone is enough to be confident about Israel’s economy and the prospects of Israeli enterprises and entities investing overseas. Besides, the Philippines can benefit not only from the finances of Israeli investments, but also from Israel’s advanced technologies and job creation for Filipinos.

To my fellow Filipinos reading this, I encourage you to accept 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. Pray to Him so that Israel-Philippines ties and cooperation will keep growing stronger and more resilient no matter what happens around the world.

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! Always stand in support of Israel and its ties with the Philippines!

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Investment firm Cerberus Capital Management will invest P15 billion more in the Philippines

August 4, 2025July 27, 2025carlocarrasco

While a lot of economists stated that the economy of the Philippines is unlikely to achieve 6% growth this year, the New York-based investment firm Cerberus Capital Management is investing an additional P15 billion in the country, according to a Philippine News Agency (PNA) news article. For the newcomers reading this, Cerberus is the operator behind the Agila Subic Shipyard.

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

New York-based alternative investment firm Cerberus Capital Management is investing an additional PHP15 billion in the Philippines within a year, as it sees progress in its existing operations and government support for foreign investors.

The company, which operates the 300-hectare Agila Subic Shipyard, the former Hanjin Shipyard in Subic Bay that it acquired in 2022, disclosed the plan during a meeting with President Ferdinand R. Marcos Jr. in Washington, DC earlier this week.

In a press release Friday, the company said the additional investments will be used to update the shipyard and introduce new projects in logistics, energy, and transport infrastructure.

Cerberus managing director Alexander Benard said they are “encouraged by the progress we’ve seen and by the strong support from the Philippine government.”

“We believe the Philippines holds significant long-term potential as a regional hub for industrial and logistics activity. We look forward to building on this momentum and supporting the development of our key strategic assets in the Philippines,” he said.

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 experience a breakthrough of additional foreign investments over the next six months?

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

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Philippines deports over 1,400 foreigners over immigration law violations

August 2, 2025July 26, 2025carlocarrasco

While Spain and other nations of Europe are struggling with the high number of illegal migrants and foreign nationals who keep on trespassing into their respective territories, the Philippines deported more than one thousand four hundred foreigners in the first half of 2025 over a series of violations of immigration law, according to a news article by the Philippine News Agency (PNA).

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

The number of foreign nationals who were deported during the first half of the year doubled compared to last year, the Bureau of Immigration (BI) reported Friday.

According to Commissioner Joel Anthony Viado, data from the bureau’s deportation and implementation unit (DIU) revealed that a total of 1,422 foreign nationals were deported due to immigration violations during the period. The BI recorded 717 deportees during the same period in 2024.

Chinese nationals topped the list with 957, followed by 231 Vietnamese, 41 South Koreans, 41 Malaysians, and 37 Burmese.

Viado said majority of the deportations were foreigners found to be illegally working in Philippine offshore gaming operators (POGOs) in the country despite the ban.

“Our strengthened deportation protocols follow the directive of the President to act swiftly and remove foreigners who abuse our people’s hospitality. We will continue expediting the deportation of foreign nationals who violate our laws,” the BI chief added in a statement.

The BI earlier reported improvements in deportation protocols, including fast-tracking clearances in partnership with the National Bureau of Investigation, immediate resolution of cases suspected to be filed under the ‘demanda me’ scheme, regular coordination with embassies for swift issuance of travel documents, and opening of a new holding facility for arrested aliens. Meanwhile, Viado also reported the arrest on July 22 of two Sudanese nationals found to be undocumented in San Carlos City, Pangasinan.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the national authorities will be able to apprehend and deport more illegal aliens who are still on the lose all over the Philippines? Do you think the authorities can double the number of deportees 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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ADB sees Philippine economy growing by 5.6% this year

August 1, 2025July 24, 2025carlocarrasco

By pointing to a variety of factors, the Asian Development Bank (ADB) recently announced that the economy of the Philippines will grow by 5.6% this year, according to a news article by the Philippine News Agency (PNA). The ADB recently released its latest economy report.

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

The Philippines is expected to post the second highest economic growth in Southeast Asia this year despite the downgrade in growth outlook due to external headwinds, a report released by the Asian Development Bank (ADB) showed.

In its Asian Development Outlook July 2025 report released on Wednesday, the ADB said Philippine economic growth is expected to settle at 5.6 percent this year.

The growth outlook for the Philippines is the second highest in Southeast Asia, next to Vietnam’s 6.3 percent. Indonesia is projected to grow by 5 percent, Malaysia by 4.3 percent, Singapore by 1.6 percent, and Thailand by 1.8 percent.

For 2026, growth is expected to slightly pick up to 5.8 percent.

The ADB’s latest projection, however, was lower than its 6 percent for 2024 and 6.1 percent for 2025 economic growth forecast amid external headwinds. The Philippine economy grew by 5.4 percent in the first quarter of the year.

“Domestic demand grew 6.7 percent, supported by easing inflation and monetary policy. However, net exports dragged on growth as brisk imports outpaced exports,” the ADB said. It added that manufacturing index (PMI) recovered slightly to 50.7 in June from 50.1 in May.

“Consumer sentiment was positive in the near term. Unemployment was low at 3.9 percent in May, and remittance growth of 3.0 percent helped sustain household spending,” it said.

The ADB, however, said that business confidence softened amid heightened global policy uncertainties.

According to the ADB, economic forecasts for most countries in Southeast Asia have been downgraded for 2025 and 2026 due to the continuing global growth slowdown and increased trade uncertainty.

“Weaker external conditions have hurt business and consumer sentiment and threaten to disrupt investment in the subregion,” it said.

“Except for Indonesia, the largest economy in the subregion, all Southeast Asian economies are expected to post weaker growth in the next two years.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think it is still possible for the economy of the Philippines reach 6% GDP growth by the end of 2025?

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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CIDG seizes P121.4-M substandard Apple products and arrests two suspects in Parañaque City

July 30, 2025July 22, 2025carlocarrasco

Recently in Parañaque City, elements of the Criminal Investigation and Detection Group (CIDG) seized more than P120 million worth of substandard Apple products and arrested two suspects, according to a Philippine News Agency (PNA) news article.

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

Operatives of the Criminal Investigation and Detection Group (CIDG) arrested two individuals and seized substandard Apple products worth PHP121.4 million in Parañaque City.

In a statement on Monday, CIDG acting chief Brig. Gen. Romeo Macapaz said the suspects “Crissa” and “Charles” were caught in the act of selling assorted Apple products such as iPhone, Apple Watch and accessories without the required clearance from the National Telecommunications Commission (NTC) and registration from the Department of Trade and Industry (DTI), during the operation in a residential compound in Barangay Tambo on July 19.

This act violates Articles 18 and 50 of Republic Act 7394 or the Consumer Act of the Philippines, in relation to Section 2 of NTC Memorandum Circular 08-08-2004A.

The CIDG seized nine boxes of Apple iWatches (225 units), 14 boxes of MagSafe chargers (531 units), 92 boxes of AirPods (4,580 units), including seven boxes of charger adaptors (2,652 units), 37 boxes of charger sets (6,664 units), 18 boxes of iPhone accessories (1,033 units), one box of car chargers (70 units), 10 boxes of charging cords (1,740 units), two boxes of handheld fans (87 units), three boxes of hair dryers (77 units), three boxes of Beats Solo headphones (126 units), one unit of iPhone 16, and one box of earphones (110 units) with estimated market value of PHP121.47 million.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you consider the selling of substandard technology products a major problem in the city? Who do you think is responsible for the many substandard products of Apple that entered Parañaque?

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

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

America sets 19% tariff on Philippine goods after crucial Trump-Marcos meeting

July 24, 2025July 23, 2025carlocarrasco

Months after initial communications were made (click here and here), Philippine President Ferdinand “Bongbong” Marcos, Jr. finally met with US President Donald Trump in the White House and this ultimately resulted in a 19% tariff on Philippine goods by America, according to two related news articles (click here and here) by the Philippine News Agency (PNA).

For the newcomers reading this, America initially announced a 17% tariff on products from the Philippines last April and it was recently revised to 20% which surprised many here in the Philippines. Now that the American tariff for Philippine goods has been settled at 19%, President Marcos called the reduction significant. It should be noted that America generated more than $100 billion in new revenue from tariffs under Trump this year.

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

Philippine exports to the United States (US) will now be subject to a 19 percent tariff, down from the 20 percent Washington initially planned to impose, US President Donald Trump announced following what he called a “beautiful visit” by President Ferdinand R. Marcos Jr. at the White House.

Part of the new deal includes granting zero tariffs for American products bound for the Philippines.

*Philippine President Marcos with US President Trump at the White House. (photo source – the White House)*

“It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff,” Trump posted on his Truth Social account early Wednesday (Manila time).

*Press Secretary Karoline Leavitt tweet of President Trump’s TRUTH Social post about the meeting with President Marcos and new trade deal.*

He also described Marcos as a “very good and tough negotiator.”

Latest data from the Philippine Statistics Authority showed that the US comprised the highest export value amounting to USD1.115 billion, or 15.3 percent of the country’s total exports in May this year.

Posted below is an excerpt from the other PNA news article related to Marcos’ description of the 1% reduction of tariff by America as well as his clarification about Philippines’ zero tariff approach on certain American products coming to the country. Some parts in boldface…

President Ferdinand R. Marcos Jr. defended the Philippines’ new trade arrangement with the United States (US), saying the reduced 19 percent tariff on Philippine exports—down from the proposed 20 percent—is a “significant achievement,” amid questions over its fairness.

“One percent might seem like a very small concession. However, when you put it in real terms, it is a significant achievement,” Marcos said in a press briefing following his meeting with US President Donald Trump at the White House on Wednesday (Manila time).

The President acknowledged that the new deal also opens key Philippine markets to American products—particularly vehicles, agricultural goods, and pharmaceuticals—but said the arrangement will benefit Filipinos through lower prices and stronger bilateral trade.

“We will open that market and no longer charge tariffs on that… para makamura naman ‘yung mga – maging mas mura ‘yung gamot natin (so we can lower the cost of medicines),” he said.

Marcos said while the 19 percent tariff on Philippine goods is still substantial, it reflects a step forward in trade engagement with Washington D.C. and lays the groundwork for future negotiations.

For transparency, posted below is the official video from the White House YouTube channel.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you realize that there is a lot more about US and Philippines relations that go beyond the newly agreed trade agreement? Do you think America’s 19% tariff on exports from the Philippines will add challenged to the Philippine economy? What do you think about the Trump-Marcos meeting? Did you pay attention to the planned Subic Bay ammunition manufacturing plant that was mentioned? If you are based in the Philippines, do you look forward to importing American-made vehicles, agricultural products and pharmaceutical products once they enter the country without any tariffs imposed on them? Do you think the newest exchange between Trump and Marcos will make Communist China concerned or worried?

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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Online Lending Company Raided and 168 Employees Arrested Over Harassment Allegations

July 24, 2025July 16, 2025carlocarrasco

Recently in the City of Pasig, law enforcers raided an online lending firm and arrested one hundred and sixty-eight employees over alleged harassment of several borrowers, according to a Philippine News Agency (PNA) news article. It should be noted that one of the victims committed suicide due to harassment over money borrowed from the raided firm.

For the newcomers reading this, this is the latest development about local companies that lend money to clients who later get harassed or threatened as ways to compel them to pay back. There were similar developments that happened over the past few years which you can see by clicking here, here, here and here.

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

The Presidential Anti-Organized Crime Commission (PAOCC) on Tuesday said an inter-agency operation in Pasig City has resulted in the arrest of 168 employees of an online lending company allegedly harassing borrowers.

In a statement, the PAOCC said the operation was conducted at the 22nd floor of Robinsons Equitable Tower in Pasig City, the main operating hub of Creditable Lending Corporation, the company behind the online lending application Easy Peso.

The operation was led by the National Bureau of Investigation (NBI), PNP Anti-Cybercrime Group (ACG), and the PNP-CIDG, with support from the PAOCC, the National Privacy Commission (NPC), and the Securities and Exchange Commission (SEC) by virtue of a Warrant to Search, Seize, and Examine Computer Data (WSSECD) issued by the Regional Trial Court Branch 46 in Manila.

Authorities seized hundreds of computers and several company-issued mobile phones allegedly used for harassment during debt collection, along with hundreds of pre-registered SIM cards, text blasters, and harassment scripts.

The raid followed months of surveillance and investigation, aided by the testimony of a former employee who came forward to expose how the company misled and harassed borrowers.

According to the PAOCC, some victims were directed to send payments to personal GCash or bank accounts under the guise of clearing their loans, only to be contacted again by collectors despite having paid.

This operation comes just days after a man from Valenzuela City took his own life after suffering harassment from individuals connected with Easy Peso.

“May isang buhay na nawala dahil sa pang-aabuso ng isang lending app. Hindi utang ang pumatay sa kanya kundi ‘yung walang-awang pangha-harass (A life was gone due to the abuses of a lending app. The victim did not die due to his debt, but due to cruel harassment),” PAOCC Executive Director Gilbert Cruz said.

“Sa bawat biktima, huwag kayong matakot. Hindi kayo nag-iisa. Nandito ang gobyerno na handa kayong tulungan (To each victim, don’t be scared. You are not alone. The government is here ready to help you) ,” he said

Meanwhile, the SEC is reviewing the company’s legal and regulatory compliance, as its operations appear to have exploited the system while falsely claiming legitimacy.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there are still a lot of online lending firms that planned to harass or threaten its borrowers? Do you know anyone who borrowed money from such firms only to get threated to pay back? Did you notice the presence of online lending firms in your local community?

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

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Philippines office leasing market rebounds strongly despite POGO ban

July 20, 2025July 13, 2025carlocarrasco

Recently the real estate advisory firm Leechiu Property Consultants (LPC) announced that the office leasing market of the Philippines rebounded strongly in the first half of 2025 even though there were many Philippine Offshore Gaming Operators (POGOs) that closed down due to the government ban on them, according to a Philippine News Agency (PNA) news article. It should be noted that the POGO ban resulted in weaker demand for office spaces in 2024.

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

The office leasing market sustained a strong momentum in the first half of 2025, with demand reaching 67 percent of full-year 2024, despite the withdrawal of Philippine Offshore Gaming Operators (POGO), real estate advisory firm Leechiu Property Consultants (LPC) said Thursday.

“Demand has been strong for the first half of the year. We believe it will continue. We never know what will happen, but we are optimistic about it,” Mikko Barranda, LPC director for Commercial Leasing, said during the presentation of the LPC Q2 2025 Philippine Property Market Report in Makati City.

The Information Technology and Business Process Management (IT-BPM) took up 50 percent of the total leasing activity, or 365,000 square meters, in the first half of 2025.

Traditional industries, on the other hand, accounted for 48 percent, or 354,000 sqm, of the demand, while government offices took the rest of the share at 21,000 sqm.

At least 79 percent, or 581,000 sqm, of the overall demand came from Metro Manila, with Bonifacio Global City representing 146,000 sqm, while provincial demand was at 21 percent to 159,000 sqm, with Cebu covering 81,000 sqm.

Barranda reported that the net demand has breached more than 50 percent to 271,000 sqm of the firm’s projection for the year.

“Contractions are tapering off and net take-up in terms of what we have projected back in Q1, which we feel will be at 490,000 sqm levels, were already touching 55 percent,” he said.

In the absence of POGOs, LPC Chief Executive Officer David Leechiu said this surge is already the highest since 2017.

Let me end this post by asking you readers: What is your reaction to this recent development? How far do you think the current surge of office leasing market will go by the end of the year? Do you think there are a lot more companies out there actively searching for office spaces to rent?

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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Two ex-POGO workers arrested in Las Piñas City for selling fake money online

July 17, 2025July 10, 2025carlocarrasco

Recently in the City of Las Piñas, local police officers apprehended two persons (both previously worked for Philippine Offshore Gaming Operators or POGOs) for selling fake money online, according to a news article by the Philippine News Agency (PNA).

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

Two former Philippine Offshore Gaming Operator (POGO) workers were arrested for allegedly selling fake money online in Las Piñas City, the Philippine National Police Anti-Cybercrime Group (PNP ACG) said on Friday.

In a press conference held at Camp Crame in Quezon City, PNP ACG Director Brig. Gen. Bernard Yang said suspects alias “Usa,” 18, a resident of Cotabato City; and “Agila,” 30, of Zamboanga Del Sur were arrested by the Northern District Anti-Cybercrime Team, in coordination with the Bangko Sentral ng Pilipinas (BSP), in an entrapment operation in Barangay Manuyo Dos on Wednesday.

“’Yung dalawang nahuli natin, we can confirm that they are former employees of POGO. Ito ay mga driver ng ating POGO companies. They started selling these fake money nung nag-stop na sila sa POGO (These two we caught, we can confirm that they are former POGO employees … They were drivers of POGO companies. They started selling this fake money when POGOs were shut down),” Yang said.

He said the suspects mainly operated in Metro Manila, according to reports.

In November last year, President Ferdinand R. Marcos Jr. issued Executive Order 74, ordering the immediate ban of the Philippine offshore gaming, internet gaming and other offshore gaming operations.

The entrapment operation stemmed from a report by the BSP regarding the rampant online sale of fake currency.

In response, the Northern District Anti-Cybercrime Team intensified its cyber patrolling efforts until they came across a social media post by one of the suspects offering a counterfeit PHP1,000 bill for sale at PHP150.

A total of 150 counterfeit thousand-peso bills were confiscated from the suspects, who sold them for PHP22,500 during the operation.

“May online group talaga na nagbebenta. Several groups ito. So, sinumbong namin ito sa ACG (There really are online groups where they sell these. There are several groups. So, we reported this to the ACG),” BPS Payments and Currency Investigation Group officer Mark Fajardo said at the press conference.

“Hindi maganda. Medyo apurahan ang pagkakagawa kasi hindi sila sanay (It’s not good. How it was done seems sloppy because they were not experienced),” Fajardo told reporters when asked about the quality of the counterfeit money confiscated

He said they are able to tell the fake banknotes apart because the watermark on them was more apparent and the security thread was only printed.

When asked whether the police have already determined who had supplied the fake banknotes, Yang said they are looking into a bigger figure.

The suspects are detained at the ACG custodial facility and will be facing charges for violation of Article 168 (Illegal Possession and Use of False Treasury or Bank Notes and Other Instruments of Credit) in relation to Section 6 of Republic Act 10175 or the Cybercrime Prevention Act.

Yang said the operation aligns with the directive of PNP Chief Gen. Nicolas Torre III to intensify cyber patrolling and implement immediate action to prevent cybercriminals from exploiting social media platforms.

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 concerned that the selling of fake money could grow into a serious problem within 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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