PNA.gov.ph – Author Carlo Carrasco

Muntinlupa Mayor Reacts To MWSS Decision On Maynilad Over Failure To Provide Continuous Water To Customers

April 28, 2026April 26, 2026carlocarrasco

Following the Metropolitan Waterworks and Sewerage System’s (MWSS) major decision to penalize water concessionaire Maynilad over its failure to provide continuous water supply to its customers, Muntinlupa City Mayor Ruffy Biazon welcomed it and called for long-term solutions, according to a news article by the Philippine News Agency (PNA).

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

Muntinlupa Mayor Ruffy Biazon welcomed the decision of the Metropolitan Waterworks and Sewerage System (MWSS) regulatory office to penalize Maynilad for failing to provide continuous water supply to customers in the city.

The total PHP54.28 million fine or PHP328 rebate per affected customer should serve as a lesson for Maynilad as it continues to be the primary water provider in its designated service area, Biazon said in a news release Tuesday.

“While this cannot undo the inconvenience experienced by our constituents, we expect that it will serve as a reminder to the water concessionaire to fulfill its obligation to deliver continuous and reliable service,” Biazon said.

He also calls on concerned government agencies to look into Laguna de Bay to see if the water is fit for domestic use. The proposed water quality check at the bay, which is within Metro Manila and Rizal and Laguna provinces, is part of the long-term solutions Biazon seeks to stabilize supply in the city.

“This should not be addressed with temporary solutions alone. We need long-term measures to ensure a sufficient, safe and continuous water supply,” he added.

Biazon summoned Maynilad officials in March to explain the recurring water interruptions and to present concrete, reliable, and long-term solutions to the supply problem.

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 think Maynilad will improve following the huge penalty they got as a result of the MWSS’ big decision? How often do you have access to water each day?

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

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

New Clark City To Host AI Hub Under Pax Silica

April 25, 2026April 21, 2026carlocarrasco

Following the major announcement of the United States and the Philippines plan of launching a historic economic security zone of four thousand acres, it was revealed recently that New Clark City (NCC) in the Philippine province of Tarlac has been chosen as the site for an industrial hub focused on artificial intelligence (AI), according to a news article by the Philippine News Agency (PNA).

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

The New Clark City in Tarlac will host an industrial hub centered on artificial intelligence (AI) innovation and investments on a 1,618-hectare property.

This development comes as the Philippines formally joins the Pax Silica Declaration, a United States-led initiative that seeks to build a secure, resilient, and innovation-driven silicon supply chain covering critical minerals, semiconductors, AI, and advanced manufacturing.

“By joining Pax Silica, the Philippines is ensuring that our mineral resources and strategic location are not simply supporting global industries from the margins, but are actively harnessed to build the industries of the future,” Finance Secretary Frederick Go said in a statement on Monday.

The country’s participation in this initiative signals its intent to play a more active role in the rapidly evolving AI and semiconductor landscape.

This is in sync with the Marcos administration’s target of establishing the Philippines as a regional AI powerhouse under the National AI Strategy Roadmap.

Strategically located within the Luzon Economic Corridor, the Coordination Office is the first of its kind to be established under Pax Silica. It is being designated as a “Golden Node,” a new model for AI-native investment acceleration hubs.

“The Golden Node is not about recreating the factories of the last century. It is about building the manufacturing ecosystems of the next century – AI-native from day one, anchored in the rule of law, and integrated into a network of trusted nations that will define global supply chain resilience for decades to come,” US Undersecretary of State for Economic Affairs Jacob Helberg said in a separate statement.

New Clark City as next AI hub – Bases Conversion and Development Authority President and Chief Executive Officer Joshua Bingcang said this development places New Clark City at the center of a pivotal transformation, one that will shape a more innovative, inclusive, and future-ready Philippines.

“By establishing this Golden Node, we stand to position New Clark City as a vital link in the global supply chain for advanced technologies and next-generation manufacturing. On the ground, this will translate into more quality job opportunities for Filipinos and greater participation of local enterprises in the growing innovation-driven economy across the globe,” he said.

The BCDA will extend a two-year grace period on lease payments, which will be treated as an unconditional in-kind contribution to support the development of economic cooperation initiatives between the two countries.

Initially referred to as Clark Green City, New Clark City was planned, designed and founded by the Bases Conversion Development Authority (BCDA). It has an area of more than 23,000 acres and is designed to accommodate over a million people. The NCC’s formal groundbreaking happened on April 11, 2016. For further information about New Clark City, click here.

Let me end this piece by asking you readers: What is your reaction to this development? Were you surprised to learn that New Clark City has been chosen as the AI-focused site of the 4,000 acre economic security zone of the United States and the Philippines with the Pax Silica initiative? If you have visited New Clark City lately, what can you describe about the place?

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

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

America And The Philippines Plan The Launch Of Ambitious 4,000 Acre Economic Security Zone To Shore Up Supply Chains

April 18, 2026April 21, 2026carlocarrasco

In the latest development between the United States and the Philippines, the US Department of State announced that the two nations plan the launch of a historic economic security zone of four thousand acres which will shore up supply chains and it will be located in the main island of Luzon.

To put things in perspective, posted below is an excerpt from the fact sheet posted by the State Department. Some parts in boldface…

Under Secretary of State for Economic Affairs Jacob Helberg today announced the United States’ and the Philippines’ plans to establish a 4,000-acre industrial hub to secure inputs vital to American and global supply chains. The site is located in the Luzon Economic Corridor of the Philippines. The site—the first of its kind—is being designated by the Philippines as an Economic Security Zone, a new model for AI-native investment acceleration hubs being developed under the Pax Silica Initiative.
The Economic Security Zone is part of a broader strategy to surge production for inputs vital to U.S. supply chains. It is expected to serve as a purpose-built platform for allied manufacturing—an investment acceleration hub where the specific industrial activities are shaped by market demand, host-country comparative advantages, and the evolving needs of the allied network. Situated within the Luzon Economic Corridor, the Zone can leverage the Philippines’ geographic centrality in the Indo-Pacific, its young and technically skilled workforce, and its deepening alliance with the United States.

Structure and Planned Governance

Joint governance: The two governments intend to identify appropriate frameworks for the long-term development of the Zone that facilitate sovereign alignment and shared upside as it scales.
Enhanced Operational Certainty: The Economic Security Zone is intended to fuse American expertise in institutions and legal regimes – internationally enforceable contracts, transparent regulatory standards, and expert dispute resolution – with enhanced access to the Philippines’ outstanding workforce and talent, mineral endowments, energy resources, and strategic position at the crossroads of Indo-Pacific trade.

The Philippines and Pax Silica

Critical minerals: The Philippines holds significant reserves of nickel, copper, chromite, and cobalt—minerals increasingly vital to global supply chains.
Infrastructure: The Luzon Economic Corridor (LEC) is a coordinated, high-impact investment in key sectors, including in transportation, energy, digital infrastructure, and advanced manufacturing. The LEC will transform Luzon into a more prosperous and interconnected region while delivering value to American investors.

The Economic Security Zone

First of many: The Luzon hub is intended to be the first Zone in a broader industrial network—a constellation of integrated manufacturing sites, logistics corridors, and shared financial instruments spanning partner nations across multiple continents.
System transformation: This interconnection can transform Pax Silica industrial policy from a collection of bilateral projects into a genuine system capable of competing with—and ultimately displacing—the concentrated supply chains on which the world currently depends.

For insight, Pax Silica is the State Department’s flagship effort on artificial intelligence (AI) and supply chain security, advancing new economic security consensus among allies and trusted partners. To learn more, click here.

Meanwhile the Philippine News Agency (PNA) published its news article about this development revealing that the Philippines officially joined the Pax Silica Initiative described as a strategic coalition among fourteen states to create a secure supply for semiconductors and AI. To read the news article, click here.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think both the Philippines and America will benefit from the planned 4,000-acre special economic security zone in the long-term?

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

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

Survey Shows Almost 8 Out Of 10 Filipinos Trust Japan

March 24, 2026March 20, 2026carlocarrasco

Recently a survey conducted by OCTA Research and commissioned by the Embassy of Japan in the Philippines revealed that almost eight out of ten Filipinos trust Japan, according to a news article by the Philippine News Agency (PNA).

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

A survey of a private polling and research firm, OCTA Research, released on Monday showed that eight in 10 adult Filipinos trust Japan.

The survey, commissioned by the Embassy of Japan in the Philippines and conducted from December 3 to 11, 2025, among 1,200 respondents aged 18 and above, asked the question: “How much does the Philippines trust Japan?”

A total of 79 percent of the respondents answered they “strongly trust/somewhat trust” Japan, while at least 17 percent responded “can’t say if I trust or not”, and 4 percent have shown distrust.

This result suggests that positive perceptions of Japan are deeply embedded in Philippine public opinion.

Filipinos also trust the Japanese people, with 74 percent expressing trust and 6 percent expressing distrust. About 20 percent answered that they are undecided.

This indicates that goodwill toward Japan extends to interpersonal perceptions of Japanese citizens, according to OCTA Research.

Most or 70 percent of the respondents said they view the relationship between the Philippines and Japan as “very good” while 24 percent view it as neither good nor poor.

These favorable perceptions of Japan were observed across Metro Manila, Balance (of) Luzon, the Visayas, and Mindanao, as well as across socioeconomic classes.

“Cultural exchanges, tourism, educational cooperation, and the growing Filipino community in Japan contribute to familiarity and mutual goodwill between the two societies,” OCTA Research said.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the governments of Japan and the Philippines should engage more with each other diplomatically, economically and militarily? Do you think Filipinos see the Japanese as an ally while the Philippines remains in conflict with Communist China at the West Philippine Sea? Are you one of the hundreds of thousands of Filipinos who traveled to Japan yearly?

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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Department of Education And Local Government Units To Expedite Construction Of Classrooms

February 21, 2026February 16, 2026carlocarrasco

In what could be the most serious attempt to solve the nation’s constant lack of classrooms, the Department of Education (DepEd) formally partnered with the local government units (LGUs) to expedite the construction of classrooms, according to a news article of the Philippine News Agency (PNA).

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

The Department of Education (DepEd) on Wednesday partnered with local government units (LGUs) to expedite classroom construction.

The memorandum of agreement (MOA), backed by 90 percent of provinces nationwide, formalized a nationwide framework to accelerate the delivery of school infrastructure, marking a decisive shift toward coordinated action to address the classroom backlog.

The signatories include representatives of local government leagues, including the Union of Local Authorities of the Philippines (ULAP), as well as the League of Provinces of the Philippines (LPP).

“These signatures mark the end of working in silos. They mark the beginning of shared responsibility,” Education Secretary Sonny Angara said in a statement.

The education chief said the partnership with LGUs will hasten direct actions to address the classroom shortage in the country, in line with the directives of President Ferdinand R. Marcos Jr.

The country has a backlog of 165,000 classrooms to date.

“Ang kasunduang ito ang malinaw naming pangako na wala nang classroom na maaantala dahil sa pag-aalinlangan, at wala nang edukasyong mapuputol dahil sa kakulangan ng ugnayan (This partnership is our clear promise that no more classroom construction will be delayed due to uncertainty, and no education will be hampered due to the lack of coordination),” Angara added.

Under the MOA, LGUs are tasked to lead the construction, replacement, rehabilitation, and improvement of classrooms within their jurisdictions, including the conduct of procurement, supervision of contractors, and day-to-day project implementation, in accordance with national procurement and building regulations.

For its part, the DepEd will identify priority schools, provide standard classroom designs and technical specifications, and exercise oversight by reviewing plans, validating completed works, and ensuring that projects meet national safety, accessibility, and quality standards.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the partnership between the DepEd and LGUs will effectively solve the nation’s constant lack of classrooms? If the partnership succeeds, do you think the quality of education as well as the comfort of the students will improve over time? Do you think LGUs are capable of doing its part on the construction of new classrooms?

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 Attracted 5.94 Million Foreign Tourists And 543K Overseas Filipinos In 2025

January 22, 2026January 22, 2026carlocarrasco

Finally, the Department of Tourism (DOT) revealed that 5.94 million foreign tourists and over 543,000 returning overseas Filipinos arrived in the Philippines in 2025 resulting in tourism revenue of P694 billion, according to a news release by the Philippine News Agency (PNA).

For insight, the Philippines attracted 5,940,975 foreign visitors in 2025 which is 8,375 less compared with 2024’s foreign visitors. Ultimately, the Philippines is still behind many of its Southeast Asian neighbors on international tourism for 2025.

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

The Philippines recorded 6.4 million foreign visitors and returning overseas Filipinos in 2025, generating an estimated PHP694 billion in tourism receipts, the Department of Tourism (DOT) said Tuesday.

Citing Bureau of Immigration data, the DOT said 5,940,975 were foreign visitors, including cruise passengers and categories not fully captured in eTravel.

Another 543,085 were returning overseas Filipinos, bringing total inbound arrivals to 6,484,060.

The DOT said preliminary international visitor spending was estimated at PHP694 billion.

While arrivals remain below pre-pandemic levels in 2019, the DOT said the outcome was achieved despite global and domestic challenges, including travel alerts from key markets and fiscal constraints.

The agency said tourism performance should not be measured by arrivals alone, citing strong domestic travel, value creation and job generation.

Guided by the National Tourism Development Plan 2023–2028, the DOT said it remains focused on improving connectivity, safety, workforce skills and service standards.

For insight as to why the Philippines is having a lot of trouble attracting visitors from abroad, watch the YouTube videos below.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Department of Tourism’s claim that tourism performance should not be measured by arrivals alone while the Philippines keeps on falling behind its Southeast Asian neighbors that attracted a lot more foreign tourists? Do you think the DOT should examine closely how satisfied or dissatisfied foreign tourists really are before they leave the country? Are you tired of seeing the Philippines failing to hit its annual international tourist arrival targets?

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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83 Illegal Aliens Arrested In Parañaque City

January 15, 2026January 11, 2026carlocarrasco

Recently in the city of Parañaque, a raid happened at a certain shopping mall which resulted in the apprehension of more than eighty illegal aliens, according to a news release by the Philippine News Agency (PNA). A great majority of the suspects were from Bangladesh.

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

The Bureau of Immigration (BI) on Saturday reported the arrest of 83 foreign nationals during a large-scale operation at a shopping mall in Baclaran, Parañaque City.

The operation, which stemmed from intelligence reports, was carried out on Jan. 7, following weeks of surveillance and verification, according to a belated news release.

The apprehended foreigners were 68 Bangladeshi nationals, 14 Chinese and one Indian. There were 2 females in the group.

Initial records check showed that while some held valid visas, they were engaged in retail trade activities prohibited under Philippine law. The report added that 18 of the foreigners are holding tourist visas, while the identities of six are under verification.

The foreign nationals are facing charges of immigration violations including undocumented stay, misrepresentation and violation of Republic Act 8762 or the Retail Trade Liberalization Act, which prohibits foreigners from engaging in retail trade without proper authority, regardless of visa status.

BI Commissioner Joel Anthony Viado explained that the possession of a visa does not grant blanket authority to work or do business in the country.

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 foreigners secretly working illegally at the nearest commercial center?

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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84 Renewable Energy Service Contracts Terminated By DOE Over Failure To Meet Obligations

December 31, 2025December 29, 2025carlocarrasco

Here in the Philippines, the renewable energy sector suffered a tremendous setback at the Department of Energy (DOE) officially terminated eighty-four renewable energy service contracts over the failure of developers to meet their contractual obligations, according to a news release by the Philippine News Agency (PNA).

This new development reminds me of the DOE’s termination of 21 contracts with Solar Philippines due to its failure to fulfill the energy commitments.

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

The Department of Energy (DOE) has terminated 84 renewable energy service contracts this 2025 after developers failed to implement their contractual obligations.

These service contracts cover an “estimated 5,372.209 megawatts (MW) of potential capacity that had been factored into the country’s energy planning assumptions,” the DOE said in a press release Wednesday.

These were terminated “due to developers’ non-compliance with work program requirements, failure to satisfy the Green Energy Auction Program (GEAP) Terms of Reference, and non-adherence to established DOE standards.”

These actions, it said, “follow a comprehensive technical and legal evaluation of the affected projects’ compliance with the material terms and conditions of their respective service contracts.”

“The DOE will continue to uphold high standards for the succeeding GEAP rounds and may impose further sanctions, including blacklisting, forfeiture of performance bonds, and the imposition of applicable penalties,” it said.

The DOE said 43 other RE projects are under enforcement review and may be subject to termination.

With a big chunk of potential capacities unmet, the DOE said it is “actively revisiting supply-demand scenarios and undertaking further system planning to determine appropriate next steps toward meeting established generation targets.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the developers and stakeholders of the renewable energy sector of the Philippines are mostly incapable of fulfilling the requirements of the national government with regards to energy service contracts?

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: Philippine National Police Vows To Strengthen Cooperation With Israel

December 10, 2025December 4, 2025carlocarrasco

As Israeli Ambassador Dana Kursh recently met with Philippine National Police (PNP) acting chief Lt. Gen. Jose Melencio Nartatez, Jr., the national police force vowed to strengthen its cooperation with the Jewish state as it seeks improvements over several important matters of law enforcement, according to a news article by the Philippine News Agency (PNA).

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

The Philippine National Police (PNP) on Wednesday vowed to strengthen its cooperation with the Israeli government to improve intelligence sharing, modernize police training programs, and adopt best practices in public safety and community policing.

This was after acting PNP chief Lt. Gen. Jose Melencio Nartatez Jr. received Israeli Ambassador to the Philippines, Dana Kursh, during a courtesy call at the PNP headquarters in Camp Crame, Quezon City on Tuesday.

He said the meeting highlighted the enduring friendship between the Philippines and Israel as they explored ways to expand cooperation in key areas, such as security, capacity building, and information sharing.

“International cooperation provides us access to advanced technologies, training, and operational strategies in order for the Philippine National Police to strengthen its capabilities in crime prevention, emergency response, and overall community safety,” Nartatez said in a statement.

During the discussions, both sides identified practical initiatives for intelligence sharing, personnel exchanges, and joint training programs.

Through these collaborations, Nartatez said, the PNP aims to strengthen its capabilities in crime prevention, emergency response, and overall community safety.

For the newcomers reading this, this is not the first time that the PNP interacted and cooperated with Israel. In 2020, the PNP signed a security equipment deal with Israel. The recent meeting is about strengthening the ties between them with law enforcement in mind as the PNP wants to achieve safer communities and be able to respond faster in public safety matters in line with the directive of President Ferdinand “Bongbong” Marcos, Jr., to modernize the national police and promote international partnerships.

Knowing how sophisticated Israel really is on economics, cyber security, military technology and achieving peace, I believe that the PNP can benefit a lot from the Jewish state to achieve its goals with the long-term in mind.

One notable crisis that should be solved is cybercrime which is so rampant here in the Philippines and the number of Filipinos getting victimized keeps on rising. The PNP has its own teams focused on cybercrime and they have been busy searching for the criminals online to capture and prosecute them. Israel has the resources, the advanced technologies and the skills that will help the PNP a lot on its campaign against cybercrime. That said, having renewed Israel-PNP cooperation is crucial and I personally support it!

Praise and thank the Lord for this new development. Praise and thank Him for better ties between Israel and the Philippines.

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.

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

Always be the fearless and aggressive church of Lord Jesus!

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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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