Philippines blog – Page 3 – Author Carlo Carrasco

Maynilad’s Tunasan Water Reclamation Facility (WRF) Inaugurated

December 2, 2025November 24, 2025carlocarrasco

Recently the water concessionaire Maynilad formally inaugurated the Tunasan Water Reclamation Facility (WRF) which will help expand its sewerage coverage in the south, the company announced online.

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

West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has inaugurated the new Tunasan Water Reclamation Facility (WRF) in Muntinlupa City—its 25th wastewater treatment facility—expanding sewerage coverage in the south and supporting long-term efforts to protect Laguna de Bay.

Located along Buendia Street in Barangay Tunasan, the new WRF can treat up to 20 million liters of used water per day (MLD). Wastewater from Magdaong, Bubogan, and Tunasan Creeks is conveyed through 1.4 kilometers of sewer pipes into the facility, serving around 83,000 customers within the Tunasan catchment area.

The Tunasan WRF uses the Modified Ludzack–Ettinger (MLE) process—a modern biological treatment technology—to reduce pollutants before discharge. The facility complies with stricter effluent quality requirements under Department of Environment and Natural Resources (DENR) DAO 2016-08, as amended by DAO 2021-19, helping protect Laguna de Bay and the surrounding environment.

“Every wastewater facility we build is more than infrastructure—it is a commitment to public health, a step toward cleaner waterways, and an investment in a future where communities can thrive alongside a healthy environment,” said Maynilad President and CEO Ramoncito S. Fernandez. “By expanding sewerage coverage here in Muntinlupa and investing in modern treatment technologies, we help safeguard Laguna de Bay and strengthen responsible wastewater management in the West Zone.”

The project was implemented in coordination with the Metropolitan Waterworks and Sewerage System (MWSS), the DENR, the Laguna Lake Development Authority (LLDA), and the Muntinlupa City Government. Treated wastewater from the Tunasan WRF is discharged into Bubogan Creek.

With the addition of Tunasan WRF, Maynilad now has a total wastewater treatment capacity of 790 MLD, supporting the company’s broader program to accelerate sewerage and sanitation services in Metro Manila and contribute to the rehabilitation of Laguna de Bay.

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a Maynilad customer, do you think the inaugurated facility in Barangay Tunasan will creative positive results for the customers and the environment?

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

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

Preventive Maintenance And Other Improvements On SCTEX

December 1, 2025November 24, 2025carlocarrasco

The Subic–Clark–Tarlac Expressway (SCTEX) undergoing improvements by means of maintenance works and asset enhancements by the NLEX Corporation, according to a Malaya Business Insight news report. This means better travel and improved safety for the many motorists who use the SCTEX.

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

NLEX Corp., the concessionaire of the 94-kilometer Subic–Clark–Tarlac Expressway (SCTEX), recently rolled out a series of asset enhancement and preventive maintenance works to reinforce road safety, and help in providing an improved driving experience for motorists.

“We’re focused on delivering improvements that our motorists can truly feel on the road,” NLEX president and general manager Luis Reñon declared in a statement on November 20.

Approximately 3,700 square meters were reportedly completed from Dinalupihan to Tarlac, focusing on uneven surfaces and minimizing potential driving hazards.

The company also installed 22 additional sets of rumble strips at key locations along SCTEX. These strips produce mild vibrations and audible cuesfor drivers, promoting more attentive and safer driving behavior. A total of 26 rumble strips are now laid out across the expressway.

Median, or center guardrails, from Dolores to Luisita have been being raised by 30cm for the asphalt overlay. This adjustment maintains safety standards, and helps preserve roadway integrity.

Let me end this post by asking you readers: What is your reaction to this recent development? When was the last time you drove along the SCTEX?

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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Investors’ Interest In Nuclear Energy In The Philippines Remains Strong

November 30, 2025November 24, 2025carlocarrasco

The future of a nuclear-powered Philippines remains achievable as the Department of Energy (DOE) confirmed that investors are strongly interested in nuclear energy in the country, according to a BusinessWorld news report.

For the newcomers reading this, more Filipinos expressed through a survey their preference for nuclear power for electricity, PhilATOM was signed into law by President Ferdinand “Bongbong” Marcos, and Meralco is preparing its bid for a nuclear power license.

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

INVESTORS are still keen on developing nuclear energy projects in the Philippines, the Department of Energy (DoE) said, as the government prepares to start accepting applications next year.

Energy Secretary Sharon S. Garin said there is significant investor interest in nuclear energy projects in the Philippines, as some companies have already presented their ideas.

Speaking to reporters on Friday, Ms. Garin said companies want to go into nuclear energy as they see it as a possible solution to serve baseload capacity and to cater to the increasing demand from data centers.

“They’re very interested and are waiting for us to finalize the site selection and site evaluation,” she said in mixed Filipino and English.

The DoE plans to begin accepting applications for nuclear energy projects by 2026 as part of efforts to integrate nuclear power into the country’s energy mix by 2032.

Under the Philippine Energy Plan, the country aims to integrate nuclear energy into the power mix with at least 1,200 megawatts (MW) of capacity by 2032, increasing it to 2,400 MW by 2045 and to 4,800 MW by 2050.

“I understand, the companies are waiting for us to guide them on which are the areas that are more feasible. But some companies have already approached DoE to enter into a memorandum of agreement, non-exclusive, to explore the possible nuclear power plant development,” Ms. Garin said.

She said some energy firms have expressed interest in nuclear energy development such as power distributor Manila Electric Co. (Meralco) and power generation firm Aboitiz Power Corp.

In a separate interview, Meralco Executive Vice-President Chief Operating Officer Ronnie L. Aperocho said that the company waiting to see the ongoing development of Romania’s first small modular reactor before proceeding on its own.

“There is a requirement from PhilATOM (Philippine Atomic Energy Regulatory Authority) that the first-of-its-kind technology must run of at least about two years without any incidents before we can adopt it here in the Philippines. So, we have to go through that two-year requirement,” he said in mixed Filipino and English.

In September, President Ferdinand R. Marcos, Jr. signed Republic Act No. 12305, the Philippine National Nuclear Energy Safety Act, which created PhilATOM.

PhilATOM is an independent quasi-judicial body tasked with overseeing all nuclear and radiation activities in the country. Under the law, PhilATOM will hold sole and exclusive jurisdiction over the regulation of nuclear energy and radiation sources in the Philippines, ensuring their peaceful, safe and secure use.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think nuclear power in the Philippines will become a reality over the next several 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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Eight Vietnamese Nationals Arrested In Parañaque City Over Visa Violations And Online Scam Involvement

November 29, 2025November 23, 2025carlocarrasco

Recently in the city of Parañaque, elements of the Bureau of Immigration (BI) apprehended eight Vietnamese nationals in a hotel for allegedly overstaying, illegal employment and suspected involvement in online scam operations, according to a news report by DZRH.

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

Eight Vietnamese nationals in Parañaque City were arrested by the Bureau of Immigration (BI) for allegedly overstaying, unauthorized employment, and suspected involvement in online scam operations.

The BI operatives conducted an enforcement operation on November 11 at a hotel unit along Roxas Boulevard, where they apprehended 29-year-old Nguyen Phan Gia Khuong, along with seven other Vietnamese nationals, which 6 more men and one woman.

Initial reports indicate that Khuong reportedly overstayed in the country and allegedly engaged in work and activities not authorized under his immigration status. Authorities further said he is connected to suspected online scams targeting foreign victims.

While conducting the inspection, officers found drug-related items and several bullets in a separate room within the same building. The evidence was promptly recorded and handed over to the proper law enforcement authorities for further investigation.

BI Commissioner Joel Anthony Viado stressed that the agency is resolute in its crackdown on foreign nationals who exploit the country’s hospitality.

Viado also stated that the Philippines will not tolerate individuals who violate its laws or engage in illegal activities. He added that their agency is intensifying operations to ensure that those who pose a threat to public safety are apprehended and deported.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more illegal aliens secretly living and doing online scam operations 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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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

Las Piñas Congressman Points To Construction Firm Of Former City Councilor Over Multiple Public Works Contracts Worth Billions

November 28, 2025November 21, 2025carlocarrasco

Recently Las Piñas City’s congressman Mark Santos pointed to the construction firm of former city councilor and mayoral candidate Carlo Aguilar having cornered multiple public works contracts worth several billions of Pesos since 2016, according to a Malaya Business Insight news report.

For the newcomers reading this, former councilor Aguilar is the cousin of Senator Mark Villar who himself took office as secretary of the Department of Public Works and Highways (DPWH) in 2016 during the administration of then Philippine President Rodrigo Duterte. During the 2025 National and Local Elections, Aguilar ran for mayor under the banner of the Villar political family but lost to then Vice Mayor April Aguilar.

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

LAS Piñas Rep. Mark Anthony Santos yesterday said a construction firm of Carlo Aguilar cornered 161 public works contracts worth billions since 2016, the same year that his cousin Sen. Mark Villar was appointed as secretary of the Department of Public Works and Highways (DPWH) by then President Rodrigo Duterte.

“The scale, frequency, and consistency of these awarding raise serious red flags that warrant immediate scrutiny,” he said in a statement, adding there is a “deeply alarming pattern” in national infrastructure spending.

The Villar family was linked to the flood control controversy after Ombudsman Jesus Crispin Remulla said Aguilar’s I&E Construction was awarded P18.5 billion worth of flood control and infrastructure projects during his tenure as public works secretary under the Duterte administration.

Santos said according to official documents he has obtained, I&E Construction Corp. secured multiple projects in Las Piñas starting in 2016, including the construction and rehabilitation of a flood control structure along the Alabang–Zapote Road, worth P6.9 billion.

In the same year, he said, the DPWH awarded a P64.5-million contract to I&E for the construction of a slope protection structure along Naga Creek, also in Las Piñas.

In total, Santos said, I&E bagged 13 public works contracts that year, the same year that Villar was appointed as DPWH head.

“There are so many projects, it’s one after the other, worth billions. These projects didn’t just fall from the sky. The public deserves full transparency on how and why a single family-linked contractor repeatedly secured massive government contracts,” he said in mixed Filipino and English.

He urged the Office of the Ombudsman, the Commission on Audit (COA) Congress to look into “potential conflicts of interest, preferential treatment or violations of procurement laws.”

He also called on the DPWH to release all documents related to bidding, awards, and implementation of the 161 projects to ensure full transparency.

Santos cited the testimony of former public works undersecretary Roberto Bernardo before the Senate Blue Ribbon Committee that commissions from approved DPWH projects were divided among officials: half to Aguilar and the remaining half was split between former undersecretary Maria Cabral and Bernardo, himself.

Santos said that in 2017, I&E secured six government infrastructure projects, including the P62.9-million construction of slope protection and other improvements at Talon Creek (from CAA Bridge to Talon Bridge).

Santos said the following year, I&E “captured” 12 multi-million-peso DPWH projects at a time when Mark’s mother, Cynthia, was an incumbent senator and his sister Camille was the lone representative of Las Piñas.

He said documents would show that the largest project that year was the construction of slope protection, including a box culvert and the removal of informal settlers, amounting to P120.7 million.

Santos said all 12 projects were implemented in Las Piñas “along routes leading to malls, subdivisions, and other business interests of the Villar family.”

In 2019, I&E got 14 additional government projects, including the P96.4 million for a flood control structure along the Las Piñas River and its tributaries and two major projects in Mariveles, Bataan: the P94-million road leading to tourism port facilities at the Freeport Area, and the P114.2-million network development program for the Bagac–Mariveles Road.

Santos, who noted that the Villar family has roots in Bataan, said Aguilar’s firm secured 10 government projects in 2020, including various local infrastructure improvements totaling P144.7 million, and the P96.5-million construction of port facilities in Mariveles.

The following year, he said, I&E was awarded 15 projects. Even after Villar resigned as DPWH secretary in October 2021 to run for senator, I&E “continued to secure contracts, cornering 22 projects in 2022, including the ₱144.7-million Laguna Lake Highway Extension (Phase 3), and the ₱289.301-million General Nakar–Dingalan Road, Package A in Quezon province,” Santos said.

This year, Santos said, the construction firm was awarded 17 government infrastructure projects, even as President Ferdinand Marcos Jr. has ordered for a thorough investigation into the scam.

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 congressman Santos’ quest for truth behind the many projects involving I&E Construction will lead to a full investigation by the national government?

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

President Marcos Calls On HSBC To Help investors See Economic Opportunities In The Philippines

November 27, 2025November 19, 2025carlocarrasco

As the signs are clear that economic growth of the Philippines has weakened, President Marcos called on financial giant HSBC to help foreign investors realize the economic opportunities in the country, 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…

President Ferdinand R. Marcos Jr. has called on international bank HSBC to help more foreign investors see the huge economic opportunities the Philippines has to offer.

“Together let’s build a more progressive Philippine economy, where people can access reliable financial services, obtain meaningful opportunities, and live more dignified, comfortable lives,” he said in a speech at HSBC’s 150th year anniversary gala in Taguig City on Tuesday night.

“Let us continue creating an environment where investors, stakeholders, and most importantly, our citizens see the Philippines as a nation of promise,” he added.

He acknowledged the foreign bank’s support for government initiatives, including its participation in recent bond issuances such as the SEC-registered USD3.3 billion-equivalent dual currency global bond that aims to ensure the continuation of vital government programs.

“These programs, whether on infrastructure, education, or social protection, directly benefit our people, especially those who rely on stable public services,” he said.

He also cited HSBC’s strong collaboration with relevant economic agencies and its contribution to increasing the country’s exposure to foreign investors.

From its first branch in Binondo in 1875, Marcos said HSBC’s growing presence in the Philippines serves as a vote of confidence in the future of the Philippines.

On the part of the government, he said the administration continues to strengthen its financial systems to protect depositors.

The Bangko Sentral ng Pilipinas, he added, is refining capital, liquidity, and governance standards to ensure that banks are resilient.

The country, he said, also adopts reforms such as the Basel III New Standardized Approach, the National Risk Assessment, and clearer guidelines for the disqualification of erring officers.

“Today, as HSBC adapts to a rapidly changing economy, we are confident that the bank will remain true to its commitment to making its services more inclusive, more secure, and accessible to Filipinos,” the chief executive said.

HSBC, the leading international bank in the country, serves 41 million clients across 57 markets, with over USD3 trillion in assets.

In his remarks, HSBC Interim Group Chairman Brendan Nelson said the firm has “strong” confidence in the Philippines and is ready to work with the country to sustain its growth momentum.

He said HSBC is “determined to continue growing” in the Philippines as he noted its strategic position in Southeast Asia, one of the regions, he noted, is set to benefit most from the “configured globalized world.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think economic growth of the Philippines will get stronger in 2026? Do you think foreign investors will take a new look at the Philippines for economic opportunities 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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2025 Drug-Free Workplace Certification For Muntinlupa City

November 27, 2025November 20, 2025carlocarrasco

Recently in the City of Muntinlupa, the City Government added a new honor to its 2025 list of achievements with the certification as a drug-free work place, 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 Muntinlupa City Hall has again been declared as a drug-free workplace, making it the first local government unit (LGU) in Metro Manila to secure this status for 2025, Mayor Ruffy Biazon said.

The LGU earned the drug-free certification for the first time in the year 2023.

Biazon noted that the reaffirmed recognition is a reflection of the city’s strengthened efforts and policies under ordinance No. 2024-030, along with cooperation with authorities including the Philippine National Police, the Department of Interior and Local Government, the City Health Office, and the Drug-Free Institution Oversight Committee.

The nine other barangay halls in Muntinlupa have also been declared to be a drug-free workplace.

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 delighted with the newest certification for 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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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 At Risk Of Falling Behind Southeast Asian Neighbors Economically

November 26, 2025November 19, 2025carlocarrasco

The 3^rd quarter growth of only 4% the Philippines achieved has been on people’s minds a lot lately. As such, the country is at risk of falling behind its neighbors in Southeast Asia in terms of economic growth and gross domestic product (GDP) per capita, according to a BusinessWorld news report.

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

The Philippine economy is at risk of further falling behind its Southeast Asian neighbors, an economist said, noting it may take two years to catch up with Vietnam and up to 70 years to catch up with Singapore.

“(T)he Philippines could find itself lagging behind if alleged public spending issues continue to divert attention and resources away from the structural reforms needed to accelerate economic development,” Bank of the Philippine Islands (BPI) Lead Economist Emilio S. Neri, Jr. said in a commentary on Wednesday.

In the third quarter, Philippine gross domestic product (GDP) grew by 4%, its slowest pace in over four years amid slower household and public infrastructure spending as the flood control scandal dampened investor and con-sumer sentiment.

In the nine months to September, GDP growth averaged 5%, putting the government’s 5.5%-6.5% full-year growth target further out of reach.

“The Philippine economy is growing, but not enough to close the economic gap with other countries,” Mr. Neri said.

He noted the Philippine GDP per capita is lower compared with other economies in the region. Citing International Monetary Fund (IMF) data, he said the Philippines’ GDP per capita stood at $4,078 in 2024.

“At the current growth rate, it would take the Philippines two years to catch up with the GDP per capita of Vietnam, 4 years with Indonesia, 14 years with Thailand, 26 years with Malaysia, and 70 years with Singapore, assuming their incomes remain stagnant. In reality, their GDP per capita continues to grow, which means the gap could persist or even widen,” Mr. Neri said.

The Philippines lagged behind Singapore which had a GDP per capita of $90,674 in 2024, followed by South Korea ($36,128), Japan ($32,498), China ($13,312), Malaysia ($12,540), Thailand ($7,491), Indonesia ($4,958) and Vietnam ($4,535).

“Before the pandemic, the Philippines had a higher GDP per capita than Vietnam, but has since been overtaken. At current trends, it would take the Philippines two years to catch up with Vietnam, but that gap could increase to 13 years by 2044,” Mr. Neri said.

The BPI economist said the Philippines needs structural reforms to accelerate growth in order to close the widening gap with its neighbors.

“The current economic model of the country is not enough, as shown by the country’s inability to grow faster than 6% in recent years,” he said.

Mr. Neri said the economy has been “too reliant” on consumer spending, driven by overseas Filipino worker (OFW) remittances and the business process outsourcing industry.

“There is a need to diversify its sources of growth. The economy must improve in terms of production, especially in agriculture and manufacturing, as they will allow the economy to be more self-sufficient and to reach foreign markets. These industries have been critical to Vietnam’s success and could play a similar role for the Philippines,” he said.

However, Mr. Neri said implementing these reforms will be hard if the government lacks focus.

“Public spending issues divert fiscal resources and policymaking focus away from long-term development priorities. Efforts to strengthen safeguards against potential issues in government spending are essential, enabling the country to work on structural reforms that could improve the economy,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think should the government do to accelerate economic growth?

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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Get To Know The Las Piñas Persons with Disability Federation Inc. (LPPWDFI)

November 25, 2025November 23, 2025carlocarrasco

If you are a person with disability (PWD) living in Las Piñas City, be aware that there is an organization that is reaching out to you as it is active in empowering persons with disability through advocacy, developmental programs and organizing projects. That organization is the Las Piñas Persons with Disability Federation Inc. (LPPWDFI).

LPPWDFI’s Objectives

The LPPWDFI aims to know the status of persons with disabilities in your local area. They will use the results of the data to provide evidence for policy advocacy, program development, and disability inclusive budgeting at the barangay and city and municipal level.

The federation develops programs and projects appropriate to the needs and rights of the PWDs. The skills of the federation will be strengthened through the collective experience in data generation, analysis and advocacy which will strengthen the organizations.

Background of the LPPWDFI

In 2013, the federation implemented the profiling of persons with disabilities in partnerhship with the Department of Social Welfare and Development (DSWD) in the National Capital Region (NCR). The project revolved around participatory research wherein PWDs were the main actors from planning, execution, to analysis of the research.

There were two fundamental gains:

1. The collective experience contributed to strengthening the federation at the village associations and Federal level.

2. The data generated provided strong evidence for policy and program development at the village and city level. Building up on this gain, the profiling was expanded and has been updated in 2021-2022 as a component of cbm global philippines’ “Capacity Building of OPDs for the Effective Participation of Persons With Disabilities in Governance” project funded by CBM Australia.

For more than a decade now, the Las Piñas Persons with Disability Federation Inc. has been active in representing the interests of PWDs in the city and they backed it up with action through the organizing of activities, projects and conferences. In 2015, the LPPWDFI was awarded as PWD Group of the Year by the Philippine Foundation for the Rehabilitation of the Disabled, Inc. (PFRD) through the Apolinario Mabini Awards Committee.

In 2019, the federation was awarded as the Best Local Federation during the 1^st Dangal Ng Mga Taong May Kapansanan Awards.

To get connected with the Las Piñas Persons with Disability Federation Inc. (LPPWDFI) through social media, click https://www.facebook.com/laspinaspwds. To contact them, send an email to laspinaspwdfederation@gmail.com or contact them by mobile phone at 0922-620-5846.

*The office of the LPPWDFI is inside the Senior Citizens Center along Myrna Panlilio Street, Heritage Homes in Las Piñas City*

To visit the LPPWDFI office, go to the Senior Citizen Center, Myrna Panlilio Street, Heritage Homes, BF Resort Village, Las Piñas City. Google Map location: https://maps.app.goo.gl/a4U4wTV524SagqPm9

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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

Business Groups Reaffirm Commitment To National Economy

November 25, 2025November 18, 2025carlocarrasco

With the weakening economic growth and growing socio-economic uncertainty affecting the entire Philippines, prominent business groups reaffirmed their commitment to invest and create jobs in the country, according to a Manila Bulletin news report.

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

Six prominent groups representing the business sector reaffirmed their commitment to invest and create jobs in the Philippines amid weakening sentiment in the economy, which is fueled by what they described as a “political turmoil” stemming from the ongoing corruption scandal.

In a rare joint statement sent to the media moments after a pivotal reshuffle in the administration’s economic team, the business groups emphasized that they remain committed to supporting the Philippine economy.

“While the current political turmoil raises understandable concerns, we stress that the country’s long-term fundamentals remain strong; anchored by a well-regulated financial system, a stable banking sector, and companies that continue to invest in and believe in the Philippines,” the groups said on Monday, Nov. 17.

The statement was signed by Makati Business Club (MBC), Management Association of the Philippines (MAP), Philippine Chamber of Commerce and Industry (PCCI), Financial Executives Institute of the Philippines (FINEX), Philippine Finance Association, and Institute of Corporate Directors (ICD).

In a statement that essentially serves as a pitch to potential investors, the six business groups said that the institutions safeguarding local markets “continue to operate independently and rigorously.”

The groups cited the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) as among the most reliable government partners when it comes to businesses.

Both the BSP and the SEC uphold regulatory frameworks aligned with global standards, ultimately ensuring market integrity, prudent risk management, and strong investor protection, they said.

“The Philippines continues to meet international benchmarks on capital adequacy, disclosure requirements, and corporate governance,” the groups said.

The business groups also took note of the corporate earnings of publicly listed companies, which reflect the economy’s underlying strength.

They noted that even during periods of global instability, such as the Covid-19 pandemic, companies continued to demonstrate resilience with growing revenues and stable margins.

Further, the groups said that investment sentiment in the country remains robust, with gross fixed capital formation ranging between 22 percent and 27 percent of gross domestic product (GDP) over the last 10 years.

“This ongoing level of capital spending, mainly driven by business growth, clearly indicates that Philippine companies continue to build capacity, expand operations, and invest in the country’s long-term prospects,” the statement read.

While upholding optimism, the six business groups stressed that investor confidence is influenced not only by economic fundamentals but also by governance.

Let me end this post by asking you readers: What is your reaction to this recent development? Does the joint statement of the prominent business group boost your confidence about the future of the country? Do you think the Philippine economy will be able to bounce back strongly next year? Does the continuing media coverage of the flood control corruption scandals and investigations continue to bother you?

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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