Pinoy – Page 9 – Author Carlo Carrasco

Muntinlupa City Prioritizes People Through Governance

November 4, 2025October 28, 2025carlocarrasco

The City Government of Muntinlupa made clear through its executive budget and goals that it is putting the people first, according to a news article by the Manila Standard.

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

In an era of cynicism toward government, Muntinlupa City is proving that good governance is still good politics.

Mayor Ruffy Biazon champions social justice through strong health and education spending — proving that clean, compassionate, and competent governance works.

As budget debates heat up nationwide, Muntinlupa City is standing tall for all the right reasons. Under the leadership of Biazon, the city has made human development, not grandstanding or prestige projects, its number one priority.

In the city’s P8.8-billion 2025 executive budget, a remarkable 22 percent is devoted to health and 18 percent to education, directing nearly P4 out of every P10 toward people-centered programs.

These figures far surpass national benchmarks where the 2025 General Appropriations Act (GAA) assigns around 16.7 percent to education and less than 6 percent to health.

Based on comparative data from the Department of Budget and Management and DILG, Muntinlupa consistently ranks among Metro Manila’s highly urbanized cities with the highest proportional investments in health and education, a reflection of the city’s deep commitment to human capital development.

In a time when the public is more watchful than ever about where every peso goes, Muntinlupa is setting the gold standard for purposeful and transparent spending.

“As we close the year, Muntinlupa can say with pride that our budget reflects our conscience,” said Biazon. “We chose people over politics, essentials over excess, and impact over impression.”

Through his 7K Agenda, Biazon has kept his focus sharp: Kalusugan (health) and Karunungan (education) lead the city’s spending priorities, backed by strong fiscal performance.

“A good budget is not about how much we spend, but how many lives we lift,” Biazon said. “That’s what makes governance both moral and meaningful.”

With 22 percent of the city’s budget directed to health, Muntinlupa is upgrading the Ospital ng Muntinlupa (OsMun), acquiring modern medical equipment, and strengthening drug supply systems. Investments are also flowing to barangay health centers and community-based health institutions to ensure access to preventive care and emergency response.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you feel important to the City Government? Are you happy with the way the City Government has prepared its executive budget?

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

+++++

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

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

BMI Sees Philippines GDP Growth Slowing Down To 5.2% In 2026

November 3, 2025October 25, 2025carlocarrasco

BMI, a unit of Fitch Solutions, officially lowered its 2026 gross domestic product (GDP) for the Philippines at 5.2% pointing a series of factors such as remittances slowdown, weaker investor sentiment, US tariffs on Philippine goods and the effects of the flood control corruption scandals, 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…

Fitch Solutions’ unit BMI has sharply lowered its 2026 Philippine growth forecast to well below the government’s six- to seven-percent target, citing an expected slowdown in remittances, a weaker trade balance, muted investment sentiment, and downside risks to government spending stemming from the flood control fiasco.

“We expect remittance growth to slow due to tighter US [United States] immigration policy and a one-percent remittance tax on transfers from the US starting in 2026,” BMI said in a commentary published on Thursday, Oct. 23.

“A slowdown in remittances will weigh on domestic consumption, which will have an outsized impact on growth given the domestically driven economy,” BMI explained.

Against this backdrop, BMI has slashed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 5.2 percent, one-percentage-point (ppt) lower than the 6.2 percent it projected previously.

If realized, this would also fall below this year’s growth goal of 5.5 to 6.5 percent, and 2024’s actual pace of 5.7 percent.

Another policy by US President Donald Trump that could drag down the local economy is the 19-percent tariff on Philippine exports, but zero tariffs imposed on select American imports.

This US-Philippines trade setup, according to BMI, “will weigh on the trade balance in 2026.”

Goods exports growth in August was the slowest in 2025 as US tariffs took effect and exporters’ front-loading of outbound shipments ended.

The latest Philippine Statistics Authority (PSA) data showed that goods exports grew by 4.6 percent year-on-year in August, marking the slowest increase since the 1.9-percent decline in December 2024

BMI also believes investor sentiment will “likely” remain muted next year as “erratic US trade policies will weigh on global investor sentiment and limit foreign direct investment inflows [FDIs].”

Domestically, government spending could bear the impact of a scenario where the ongoing flood control probe leads to the unearthing of more corruption cases tied to infrastructure projects beyond flood control.

“It could lead to even tighter scrutiny on government spending and reduce spending substantially below fiscally programmed levels,” BMI said. Capital outlays had dropped by 10 percent to ₱112.9 billion as of August, according to the Department of Budget and Management (DBM).

Infrastructure spending is expected to hit ₱1.51 trillion in 2025, ₱1.56 trillion in 2026, ₱1.69 trillion in 2027, ₱1.9 trillion in 2028, ₱2.03 trillion in 2029, and ₱2.2 trillion in 2030.

Meanwhile, BMI retained its 5.4-percent Philippine growth forecast for this year, still below the lowered full-year target.

Let me end this post by asking you readers: What is your reaction to this development? Are you convinced that due to several internal and external factors, economic growth of the Philippines will be slower this year and next year? Do you agree with BMI’s findings about the Philippine economy?

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

+++++

BPI Warns Public About Rise Of Smishing Scams Ahead Of Christmas Season

November 2, 2025November 2, 2025carlocarrasco

With the Christmas season approaching, Bank of the Philippine Islands (BPI) warned the public about the rise of smishing as criminals have changed their strategies and used more sophisticated technology to steal people’s money, according to a Manila Bulletin news report.

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

Ayala-led Bank of the Philippine Islands (BPI) is cautioning clients about a sharp, pre-holiday surge in online banking fraud linked to smishing, noting that criminals’ tactics have evolved from simple text scams to using highly sophisticated tools to steal money.

“Consumer complaints are increasing… a lot of it is seasonal. During Christmas, when people receive their bonuses, these cases really go up,” Jon Paz, BPI enterprise information security officer and data protection officer, said during the bank’s cybersecurity roundtable with the media on Wednesday, Oct. 22.

Paz reported that around eight out of 10 online banking fraud cases last year were perpetrated through smishing attacks using International Mobile Subscriber Identity (IMSI) catchers and rogue apps.

He further noted that there were almost zero IMSI-catcher-related fraud cases in 2024, but incidents began appearing around December and skyrocketed by the second quarter of this year.

“Some of the authorities reported that those who were caught were reporting to Chinese nationals,” Paz added.

An IMSI catcher is a fake cell tower device used by scammers to intercept mobile signals and steal users’ personal and banking information.

Meanwhile, a rogue app is a malicious or fake mobile application that tricks users into granting permissions or entering credentials, allowing scammers to harvest personal and banking data.

Despite the increasing number of consumer complaints in the banking industry, Paz noted that BPI’s risk tolerance is “low—one incidence of fraud is one too many for us.”

While the bank cannot disclose its total allotment for app enhancements, BPI Chief Technology Officer Alex Seminiano stated that nearly 60 individuals are working across various functions—business, technology, and operations—to enhance the bank’s mobile app.

BPI said its mobile apps are equipped with an evolving security layer that can detect risky environments and devices, such as those that are jailbroken, use overlays, or allow side-loading, to prevent potential breaches.

Let me end this post by asking you readers: What is your reaction to this development? Are you concerned that smishing will affect members of your family or those in your local community? Were you scammed online during the past six months? How many people in your local community are aware of smishing right now? Did you receive any text messages that tried to convince you to hit the link provided?

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

+++++

Scam Calls In The Philippines Jumped 78.44% In 3rd Quarter Of 2025

November 1, 2025October 23, 2025carlocarrasco

If you are in the Philippines, did you receive any suspicious calls on the telephone or on your mobile phone lately? Based on the data of an anti-scam app developer, scam calls in the country surged by more than 78% in the 3^rd quarter of this year, 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…

A 78.44 percent rise in scam calls was recorded in the Philippines in the third quarter of 2025, data from the latest Whoscall Scam Report of global anti-scam app developer Gogolook showed.

During the period, Whoscall said it logged a total of 62,390 scam calls, a sharp increase from 34,964 in the previous quarter.

Despite the spike, it noted that the figure remains 62.24 percent lower year-on-year than the 165,236 scam calls recorded in the same period in 2024.

Whoscall stated that it recorded 37,609 SMS scams, down by 42.17 percent from 65,035 in the previous quarter and a 97.71 percent year-on-year drop from 1,645,470 in 2024.

Gogolook Philippines Country Head and General Manager Mel Migriño said the trend indicates a behavioral shift among mobile users.

“Since the first quarter Scam Report of 2025, we have seen that Filipinos have become more cautious about clicking links from unknown numbers in SMS swindles. This shows that scammers are now shifting their tactics to calls and social media,” she said.

She explained that the rise in call scams is largely driven by fraudsters exploiting the telemarketing systems of financial institutions.

“They are taking advantage of legitimate promotional calls like credit card limit upgrades, making their scams sound more believable to unsuspecting consumers,” she noted.

Per Migriño, the continued decline in text-based scams can be credited to the “whole-of-society approach” involving law enforcement raids of major scam hubs nationwide and joint awareness campaigns.

Authorities urged the public to remain vigilant and report scam incidents through official channels.

Cybercrime Investigation and Coordinating Center (CICC) acting executive director Usec. Renato “Aboy” Paraiso said public reports are crucial in combating online fraud.

“We continue to urge the public to report scam incidents, as these serve as leads for further investigation and as the foundation for various initiatives that raise public awareness against online scams,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think is causing the surge of scam calls over the previous quarter?

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

+++++

SONAK Group Secures Lot For New Headquarters In Filinvest City

October 30, 2025November 3, 2025carlocarrasco

SONAK Group, the company that manages established brands like ASICS, Onitsuka Tiger, ABC-MART Grand Stage, Molten, Mikasa, and Bullpadel, has secured a lot along Spectrum Midway in Filinvest City for the establishment of their new headquarters in Alabang, according to a news report by the Daily Tribune and details from the company’s social media post.

SONAK Group stated: “As we build our new home in Filinvest City, we look forward to creating spaces that bring people together and reflect SONAK’s continued pursuit of excellence, innovation, and sustainable growth.”

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

Filinvest City continues to cement its position as Metro South’s premier business hub with the opening of SONAK Group’s new headquarters along Spectrum Midway, a move that underscores the township’s growing appeal to both regional and multinational enterprises.

From its humble beginnings as a local merchant to becoming a regional powerhouse in sports and active lifestyle retail, SONAK Group now joins the expanding list of companies driving Filinvest City’s transformation into a center for innovation, growth, and modern living.

Managing globally recognized brands such as ASICS, Onitsuka Tiger, ABC-MART Grand Stage, Molten, Mikasa, and Bullpadel, SONAK’s relocation signals confidence in the district’s long-term vision and robust infrastructure. The company’s newly opened ASICS store at Festival Mall Alabang also strengthens its connection to the community, highlighting Filinvest City’s reputation as both a business and lifestyle destination.

“Securing this new lot in Filinvest City marks a proud milestone for SONAK,” said Anil Buxani, CEO of SONAK Land Corporation.

“It reflects not only our growth as a company but also our commitment to building a future in a community that shares our values of innovation, active lifestyles, and continuous growth.”

SONAK’s expansion is expected to generate more employment opportunities within Filinvest City’s central business district, supporting local talent and contributing to the city’s dynamic workforce.

Located across Spectrum Linear Park, Central Park, and the iconic Filinvest City landmark “The Tree,” SONAK’s headquarters situates the company at the heart of the city’s economic core. The location’s pedestrian-friendly walkways, landscaped avenues, and recreational spaces foster an environment that promotes both productivity and well-being — key aspects of Filinvest City’s live-work-play philosophy.

“Welcoming SONAK Group highlights our commitment to creating a central business district where progress and well-being go hand in hand,” said Don Ubaldo, Head of Filinvest Townships.

“Their presence adds vibrancy and innovation to our community, showcasing Filinvest City as a destination where companies grow while embracing a balanced and fulfilled lifestyle.”

This development adds credibility to Filinvest City’s status as a thriving central business district (CBD) in South Metro Manila. A few months ago, telecommunication giant PLDT confirmed it is moving its headquarters into Filinvest City.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think more corporations could be influenced by SONAK Group’s milestone to expand and establish their presence in Filinvest City in the near future? Do you think the growing number of companies moving into Filinvest City will be beneficial to the nearby apartments and condominiums which have vacant units?

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

+++++

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

President Marcos Congratulates Japanese Prime Minister Takaichi

October 30, 2025October 28, 2025carlocarrasco

Shortly after Sanae Takaichi took office as Prime Minister of Japan, Philippine President Ferdinand “Bongbong” Marcos, Jr., recently congratulated her, 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…

President Marcos has extended his congratulations to Japan’s newly-elected Prime Minister Takaichi Sanae, the first woman to assume the post.

“Congratulations to Prime Minister Takaichi Sanae on her historic election as Japan’s first female Prime Minister,” Marcos said in a statement on Wednesday, Oct. 22.

“Her assumption demonstrates Japan’s firm democratic advocacy, and reflects the country’s commitment to progress and representation,” the President added.

Marcos expressed his eagerness to work with Prime Minister Takaichi in strengthening the Philippines’ and Japan’s bilateral cooperation, especially as both countries prepare to mark the 70th anniversary of diplomatic relations in 2026.

“I look forward to working with her in commemorating the 70th Anniversary of Philippine-Japan diplomatic ties in 2026, and in deepening the Philippine-Japan Strengthened Strategic Partnership for the peace and prosperity of our peoples,” the President said.

Most recently, the Prime Minister met with President Marcos formally in Malaysia. For details, click here.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think bilateral ties between Japan and the Philippines will grow stronger now that President Marcos and Prime Minister Takaichi have officially met? Do you think Filipinos who intend to migrate to Japan have doubts about Prime Minister Takaichi knowing that she will be tough on illegal immigration?

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

+++++

Nomura Sees 2025 Philippine Economic Growth Slowing Down To 4.7%

October 30, 2025October 29, 2025carlocarrasco

In its latest economic report, Nomura Global Markets Research sees the economic growth of the Philippines slowing down to 4.7% this and they pointed to an expected decline in government spending, according to a news report by BusinessWorld.

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

PHILIPPINE ECONOMIC GROWTH may slow to 4.7% this year, as government spending is expected to further decline amid the corruption investigation in infrastructure projects, Nomura Global Markets Research said.

In a report dated Oct. 27, Nomura Chief ASEAN (Association of Southeast Asian Nations) Economist Euben Paracuelles and Macroeconomic Research Analyst Yiru Chen said the gross domestic product (GDP) forecast was slashed to 4.7% this year from 5.3% previously as downside risks increased due to the corruption scandal involving flood control projects.

“This pencils in GDP growth slowing to just 4% in the second half from 5.4% in the first half and is based on the assumption that the decline in government expenditures in September will worsen in the next 3-4 months,” they said.

Nomura’s latest forecast is below the government’s 5.5-6.5% GDP growth target for the year and is slower than the 5.7% growth in 2024.

“Taking into account the sharp drop in fiscal spending in September, we think the ‘bad scenario’ on the growth impact of the ongoing corruption scandal is materializing,” they said.

Third-quarter GDP data will be released on Nov. 7.

President Ferdinand R. Marcos, Jr. had flagged anomalous flood control projects during his State of the Nation Address in late July. This sparked several investigations into alleged corruption involving lawmakers, government officials, and private contractors.

Latest Treasury data showed government expenditures declined by 7.53% in September, worsening from the 0.7% drop in August, mainly due to lower spending by the Department of Public Works and Highways. Nomura also noted that government spending declined by 2.8% in the third quarter, a reversal of 1.6% growth in the second quarter.

“Excluding interest payments and debt servicing, expenditure growth slumped even more to -10.2% y-o-y (year on year) in September from -3.5% in August, the weakest since 2020. This suggests a relatively rapid deterioration in the pace of budget disbursements after President Marcos brought to light the corruption scandal of flood control projects,” they said.

Nomura also noted that the reallocation of funds to other types of capital expenditures such as school buildings has been “challenging” to implement.

“In addition, we incorporate some spillovers into other components of domestic demand, which were also evident in these previous episodes, including household consumption spending. Our forecast continues to take into account the impact of the US tariffs, which, as we have argued before, pose significant headwinds for goods exports,” they said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the GDP growth of the Philippines will end up below 5% for 2025 as a whole? Are you convinced that investigations and embarrassing details from flood control projects are turning away foreign investors already?

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

+++++

Muntinlupa City Receives Gawad Kalasag Award For 3rd Straight Year

October 29, 2025October 20, 2025carlocarrasco

For the 3^rd year in a row, the City Government of Muntinlupa received another Gawad Kalasag award for compliance in relation to disaster preparedness, according to a Daily Tribune news report.

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

The City Government of Muntinlupa has been recognized for the third consecutive year as a Gawad Kalasag Beyond Compliant Awardee for its excellence in disaster preparedness.

On 17 October, Mayor Ruffy Biazon announced that the city received the distinction from the National Disaster Risk Reduction and Management Council (NDRRMC) for the years 2022, 2023, and 2024, following an evaluation of its disaster risk reduction and management programs.

Biazon said Muntinlupa surpassed the standards set under Republic Act 10121, or the Disaster Risk Reduction and Management Law.

He added that the city government continues to strengthen its capacity to respond to disasters through equipment acquisition, stockpiling of relief goods, and investment in the training of emergency responders and personnel.

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 award the City Government received? Are you convinced Muntinlupa City is fully prepared for disasters?

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

+++++

NCRPO Apprehends Two Suspects And Seizes Illegal Drugs Worth Over P1 Million In Parañaque City

October 28, 2025October 19, 2025carlocarrasco

Recently in the city of Parañaque, two suspects were apprehended and over P1 million worth of illegal drugs were seized by the National Capital Region Police Office (NCRPO) which pulled off a successful buy-bust operation, according to a news report by the Daily Tribune.

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

The National Capital Region Police Office (NCRPO) arrested two drug suspects tagged as newly identified high-value individuals in a drug buy-bust operation in Barangay San (Dionisio), Parañaque City on Friday night.

Arrested during the operation were identified only by the alias Gie, 37; and alias Jefrey, 27–both residents of Parañaque City. The two suspects were identified as newly listed high-value individuals.

The operation resulted in the seizure of approximately 150 grams of suspected shabu, with an estimated standard drug price value of P1,020,000.

The two suspects were apprehended around 9 p.m. in front of McDonald’s along Quirino Avenue, Barangay San Dionisio, Parañaque City.

Seized from alias Gie were approximately 100 grams of suspected shabu, one white long envelope, one LG keypad cellular phone, and buy-bust money. Meanwhile, 50 grams of suspected shabu were seized from alias Jefrey.

The total estimated weight of the seized illegal drugs amounted to 150 grams, with an approximate street value of P1,020,000.

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 thankful to the NCRPO for apprehending the suspects and seizing the illegal drugs? What do you think makes Parañaque an ideal place for illegal drug handlers to do 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.

+++++

Leechiu Property Consultants See Bright Future Ahead For Philippine Tourism Due To Key Factors

October 28, 2025October 19, 2025carlocarrasco

There is no denying the fact that the Philippines is having trouble attracting foreign tourists this year but for Leechiu Property Consultants there is still a bright future ahead for the nation’s tourism industry due to growth in domestic tourism and a few other factors, according to a Manila Bulletin news report.

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

Although Asian tourist arrivals decline, the Philippine tourism industry is still perceived to be entering “a new era of opportunity” because of the growth in domestic tourism, improved flight connectivity, and the 99-year lease reform.

Leechiu Property Consultants said in its third-quarter media briefing that, as investors refocus on long-duration assets, the country’s hospitality and leisure industries are expected to see renewed capital flows and expanded capacity through 2026.

“With the anticipated growth in domestic and long-haul tourism, along with increased hospitality FDIs (foreign direct investments) driven by the newly-approved 99-year lease to foreign investors, the tourism sector is poised to strengthen its position as a key investment area and a vital pillar of the Philippine economy,” said LPC Director of Hotels, Tourism, and Leisure Alfred Lay.

He said the sector continued its steady recovery in the third quarter of 2025, but “while there are signs of resilience, no significant shifts have yet created real momentum in foreign arrivals. Without a major catalyst, arrivals are unlikely to surpass 2024 levels.”

Traditional leaders, such as South Korea and China, show steep declines, while the USA, Japan, and Australia are emerging as stronger contributors, reflecting changing travel patterns and opportunities to diversify source markets.

While international arrivals remain below pre-pandemic peaks, Lay said “domestic travel is surging toward historic highs, establishing a solid foundation for long-term tourism growth and investment confidence.”

Domestic tourists are projected to reach 58.7 million in 2025, rising further to 62.2 million in 2026, a trajectory supported by the country’s forecast gross domestic product growth by 7.63 percent and 5.8 percent in 2025 and 2026, respectively.

Over the past two decades, domestic tourism spending has outpaced GDP, underscoring the sector’s resilience and capacity to drive nationwide economic activity.

Meanwhile, rising travel demand has spurred a wave of hotel developments nationwide, with a total of 5,210 new keys to be added in 2025—over 4,300 of which are expected to open in the fourth quarter.

A majority of these projects are led by domestic operators, reflecting local developers’ agility in capturing demand across destinations such as Metro Manila, Cebu, Boracay, Davao, and Palawan.

Lay said the newly approved 99-year lease law has created a strong foundation for long-term tourism investment as it provides global investors with the security to pursue large-scale resort and mixed-use developments.

Over time, the law is expected to stimulate foreign direct investment in tourism and hospitality, similar to the trends observed in the Maldives, where long-term leases have transformed the sector into a global investment hotspot.

Let me end this post by asking you readers: What is your reaction to this development? Do you think domestic tourism, improved flight connectivity and the 99-year lease reform will boost Philippine tourism in the short-term? Do you think domestic tourism will keep on growing to life up the nation’s tourism industry as a whole?

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

+++++

	Instapundit »… on I Love Israel: Israel And Japa…
	Instapundit »… on Venezuela To Turn Over 30 Mill…
	Instapundit »… on Venezuela’s Dictator Maduro Ca…
	Instapundit »… on Japanese Prime Minister Takaic…
	Luke on Japanese Language Proficiency…

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this: