public service – Page 14 – Author Carlo Carrasco

IBPAP Bullish On Growth Of Global Capability Centers In The Philippines

October 2, 2025September 24, 2025carlocarrasco

As far as the information technology and business process management (IT-BPM) industry of the Philippines is concerned, there is still room for growth in the near future as the country could become the next hot spot for global capacity centers (GCCs), according to a BusinessWorld news report.

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

THE PHILIPPINE information technology and business process management (IT-BPM) industry is still bullish on growth, as it expects to generate $42 billion in export revenues and increase headcount to 1.97 million in 2026, an industry group said.

The Philippines is also aiming to become the next hub for global capability centers (GCC), as it has seen an uptick in interest from multinational companies, the group added.

IT & Business Process Outsourcing Association of the Philippines (IBPAP) President and Chief Executive Officer Jonathan R. Madrid said the industry has so far created 450,000 new jobs and $10.5 billion in revenue since the creation of the industry roadmap in 2022.

“Now, for 2025, that includes 80,000 new jobs and $2 billion in incremental revenue. That is a growth of 4% and 5.3%, respectively,” he said at the International IT-BPM Summit on Tuesday. “By 2026, we project to reach $42 billion in revenue and close to a total of two million jobs for Filipinos.”

The expected jobs and revenues for 2026 are aligned with the baseline projections indicated in the IT-BPM Roadmap 2028. Mr. Madrid said the industry’s growth will still be driven by core segments — banking, financial services, and healthcare.

While the Philippines remains strong in contact centers, he noted faster growth coming from GCCs. “(There’s) a slightly higher growth rate from GCCs. Coming from a lower base, you tend to see more growth from that sector,” he said.

GCCs are offshore units established by multinational corporations to provide specialized services such as finance, IT and customer support to their global operations.

Mr. Madrid said he sees increased interest in setting up GCCs in the Philippines from prospective clients in the US, Australia and Europe.

Globally, GCCs are reshaping the IT-BPM industry, with its market expected to grow to $155 billion by 2027.

To date, there are 170 GCCs in the Philippines, growing by around 10 each year, but India continues to dominate with its 2,000 GCCs.

“We know that India dominates as the world’s GCC hub, showing how GCCs have evolved. They are no longer cost centers but strategic engines of innovation and transformation,” Mr. Madrid said.

“I think the Philippines should aspire to do the same. We have the talent, we have the scale, the cost efficiency, and the ecosystem maturity to become the next global GCC hub,” he added.

LEGISLATION NEEDED –IBPAP Chief Operating Officer Celeste B. Ilagan said more needs to be done on the policy front to support the growth of GCCs in the Philippines.

“GCCs have different needs compared with the traditional BPM providers,” she said, adding that the group wants Congress to pass legislation to help attract more GCCs into the country.

In particular, she said that the industry needs a law that is similar to the Regional Operating Headquarters (ROHQ) law. However, this move was “abandoned” in favor of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, she added.

“We know that other countries have this international business services law that they are already implementing so that they can get more GCCs to their country. So, we are trying to work along those lines as well,” she added.

Let me end this post by asking you readers: What is your reaction to this development? Do you think the Philippines will be able to act fast to attract more GCCs in the near future?

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 athttps://www.instagram.com/authorcarlocarrasco

Davao del Sur’s 2nd Most Wanted Person Arrested In Las Piñas City

October 1, 2025September 22, 2025carlocarrasco

Recently in the City of Las Piñas, local police officers apprehended a man who turned out to be the 2^nd most wanted person in Davao del Sur, according to a Manila Bulletin news report. He was arrested for murder.

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

Authorities from the Las Piñas Police Warrant and Subpoena Section (WSS) arrested Davao del Sur’s No. 2 most wanted person in the municipal level in 2022 during the conduct of a manhunt operation against wanted fugitives.

Las Piñas City Police Chief Col. Sandro Tafalla identified the suspect as Jesan, 37, a laborer wanted for the crime of murder in Davao del Sur. He was arrested along Narra Street, Barangay CAA, Las Piñas City.

Tafalla said members of the Malalag Municipal Police Station coordinated with the Southern Police District and notified members of the Las Piñas City Police WSS conducting a manhunt operation against wanted fugitives for the arrest of Jesan.

He said Jesan was arrested by virtue of a warrant of arrest issued by Judge Marivic Trabajo Daray of Digos City, Davao del Sur, Regional Trial Court Branch 18, for the crime of murder on May 31, 2022, with no bail recommended.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you concerned that there could be wanted persons from the provinces hiding 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

Muntinlupa City Government Delivers Almost 4,700 Tables And Chairs To Public Schools

September 30, 2025September 20, 2025carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government delivered almost four thousand seven hundred tables and chairs to public schools which reflects their goal to uplift the quality of local education, 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…

The Muntinlupa City government delivered a total of 4,693 tables and chairs to different public schools.

This is part of Mayor Ruffy Biazon’s 7K Agenda, aiming to uplift the quality of education for Muntinlupa students.

“Layunin nito na masigurong ang bawat estudyante ay may maayos, komportable, at conducive na learning space para sa kanilang pag-aaral. Patunay ito ng malasakit at pagtutok ng lokal na pamahalaan at ng Schools Division Office-Muntinlupa City sa pangangailangan ng mga paaralan at kabataan ng ating lungsod. (The goal is to ensure that every student has a well-organized, comfortable, and conducive learning space for their studies. This is proof of the concern and focus of the local government and the Schools Division Office-Muntinlupa City on the needs of the schools and youth of our city),” the city government posted on Facebook.

Biazon previously emphasized the need to improve the quality of education in Muntinlupa public schools.

Meanwhile, the city government congratulated Muntinlupa Science High School for being recognized as one of the top schools for MSTR (Math, Science & Technology, and Research) Class during the 2025 STEM Enrichment Program (STEP).

“The STEP Program brings together Science and other High Schools from across NCR to competitively assess its students’ knowledge and skills in STEM,” the city government said.

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 delivery of so many tables and chairs to the public schools in the city? Are there lots of children in your local community who are enrolled in public schools?

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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Deadline Of Registration For Trustmark Officially Moved To December 31, 2025

September 29, 2025September 20, 2025carlocarrasco

Small businesses all over the Philippines now have extra time to get themselves registered for the E-Commerce Philippine Trustmark as the Department of Trade and Industry (DTI) officially extended the deadline all the way to December 31, 2025, 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 Department of Trade and Industry (DTI) has extended the Sept. 30 deadline for registration for the E-Commerce Philippine Trustmark to Dec. 31 to allow more small businesses to get the badge.

“The Trustmark is not a regulation to burden businesses but to serve as a tool that shields legitimate enterprises from scammers who undermine consumer confidence. Our aim is to make it simpler for consumers to identify and trust legitimate sellers, so entrepreneurs can focus on what truly matters — growing their business,” DTI Secretary Cristina Roque said in a statement Friday.

In a briefing earlier in the day, Roque said major players such as TikTok, Lazada and Shopee, already have their badges and more are expected to secure theirs as the deadline nears.

“Kasi alam mo naman sometimes sa ganito (Because you know sometimes, in things like this), they’re really waiting for the last minute or they’re still hoping that we can actually pull back on this Trustmark. Kasi ginagawa nila na issue (Because they’re making an issue of it) or whatnot. But we stand firm that we really need to have the Trustmark in the products that are being sold,” she said.

As of Sept. 19, a total of 10,057 business have submitted their applications to secure the Trustmark, DTI E-Commerce Bureau Officer-in-Charge Eryl Royce Nagtalon said during the briefing.

Nagtalon estimated registered micro, small, and medium enterprises (MSMEs) in the country at 1.2 million to 1.3 million, but less than half have listings on various online platforms.

He explained that while there are about 500,000 MSMEs that have shifted to e-commerce, the number might balloon to about 900,000 as some businesses offer their products not just on a single platform but on several online shopping sites.

Asked if they expect all registered MSMEs to register for the Trustmark, Nagtalon answered yes, saying it is “very good for the e-commerce system.”

“It’s good because it means the competition is very healthy, the e-commerce is very healthy,” he said.

Registration for the Trustmark is mandated under Republic Act 11967, otherwise known as the Internet Transactions Act of 2023, and the DTI’s Department Administrative Order 25-07. Applicants need to pay the PHP1,000 annual application fee, PHP100 web administration fee, and PHP30 documentary stamp tax.

Let me end this post by asking you readers: What is your reaction to the recent developments? Were you surprised to see the Philippines’ startups attracting much less equity funding from global investors? What do you think the government should do to convince global investors to invest more in startups here in the Philippines?

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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Funding For Philippine Startups Falls 55% To $86.4M In First Half of 2025

September 28, 2025September 18, 2025carlocarrasco

Startups here in the Philippines secured $86.4 million in equity funding during the first half of this year which translates to a very sharp drop of 55% when compared to a year earlier, according to a news report by BusinessWorld.

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

PHILIPPINE startups secured $86.4 million in equity funding in the first half of 2025, down 55% from a year earlier and lagging most of its Southeast Asian neighbors, according to a report by Kickstart Ventures, Inc., the corporate venture capital arm of Globe Telecom, Inc., and Singapore-based business news platform DealStreetAsia.

The Philippines raised about P4.91 billion from 15 disclosed deals in the six-month period, lower than the P10.86 billion ($191 million) recorded in the same period last year.

By deal value, the country trailed Singapore ($1.21 billion), Vietnam ($275 million), and Malaysia ($196 million). It only surpassed Indonesia ($78 million) and Thailand ($10 million), while Cambodia did not disclose figures.

Across Southeast Asia, startup equity investment fell by 20.7% year on year to $1.85 billion, the lowest in six years.

Joan Yao, general partner at Kickstart Ventures, said funding deals slowed after digital activity peaked in 2021 and 2022 at the height of coronavirus lockdowns.

“I think to some extent, as the effects of COVID died down… [digital] activity became more balanced between online and offline,” Ms. Yao said during a media briefing on Wednesday.

Philippine startups had raised $456 million and $481 million in the first halves of 2021 and 2022, respectively, before declining sharply as global investors scaled back.

Ms. Yao cited the tight monetary policy in the United States, when the US Federal Reserve hiked interest rates from March 2022 through July 2023 to curb inflation.

“A lot of the global investors that were coming to invest in the Philippine market or Southeast Asia pulled back a little bit from their investment activities because of the higher cost of capital,” she said.

The report said investors have become more selective, favoring companies with stronger governance and clearer paths to profitability.

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 Has The Highest Debt Risk In Asia According To New Economic Study

September 27, 2025September 18, 2025carlocarrasco

With its recent economic study, Oxford Economics declared that the Philippines has the highest debt risk among its Asian neighbors and the biggest contributor to the risk is the nation’s limited internal policy space, 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…

Constrained fiscal and monetary policy space, along with increasing reliance on foreign debt, has placed the Philippines at the highest sovereign risk, or the greatest risk of failing to meet its debt obligations, among its Asian peers.

According to a Sept. 10 report by the think tank Oxford Economics, the Philippines recorded the highest sovereign risk score among 12 Asian economies, at 4.5 out of 10. The biggest contributor to this risk is limited internal policy space, referring to the country’s relatively narrow fiscal and monetary flexibility compared with its peers.

The second-largest factors are external imbalances—measured by current account and trade deficits—along with the size of the economy, and institutional risks. Other contributors include political risks, the business environment, vulnerabilities in the banking sector, and corporate debt.

India ranked second in sovereign risk, followed by China, Vietnam, Malaysia, Thailand, and Indonesia. Meanwhile, Japan, Singapore, South Korea, Hong Kong, and Taiwan were assessed to have the lowest risk levels.

Sovereign risk refers to the possibility that a government may default on its debt by failing to meet interest or principal payments.

“On the fiscal front, the stubborn bias towards fiscal conservatism is likely to persist, following the broad unwinding of pandemic-era discretionary support,” Oxford Economics lead economist Alexandra Hermann said.

However, given that “around half of the region’s economies are likely to fall short of their official growth estimates this year, and the remainder only just meeting stated targets, the political economy of growth underperformance could tilt authorities towards further incremental easing going into 2026.”

For the Philippines, the government is targeting a growth rate of 5.5 to 6.5 percent for 2025—a downscaled version of the more ambitious goal of six to eight percent previously.

While governments in Asia, including the Philippines, could implement measures to soften the impact of weaker exports, the think tank noted that economic growth would still be slower than normal. Philippine gross domestic product (GDP) growth averaged 5.4 percent in the first half of the year.

“On the monetary side, most central banks have room to cut further as real rates are still elevated compared to pre-pandemic norms, despite pre-emptive cuts this year particularly in emerging Asia,” Hermann said.

To recall, the Bangko Sentral ng Pilipinas (BSP) aggressively hiked lending rates to as high as 6.5 percent in 2024 to tame raging increases in consumer prices brought about by the Covid-19 pandemic.

Hermann expects the Philippine central bank alongside other Southeast Asian central banks to further reduce key borrowing costs by as much as three quarters of a point by early next year, similar to what they did previously during economic slowdowns.

“We anticipate an additional 25-75 bps [basis points] of rate reductions across India, Indonesia, the Philippines, and Thailand, completing an easing cycle by early 2026 that is broadly consistent in scale with prior non-recessionary slowdowns,” Hermann said.

Should the BSP reduce the key policy rate by up to 75 bps though the first half of 2026, the current five percent could be brought down to 4.25 percent. For this year alone, the BSP has so far lowered rates by a cumulative 75 bps, citing still subdued inflation and risks to slower growth.

In another Sept. 10 report of the think tank, the BSP and other central banks are seen to be “hawkish despite low inflation.” BSP Governor Eli M. Remolona Jr. earlier signaled a still accommodative stance but now less dovish.

Let me end this post by asking you readers: What is your reaction to the recent developments? Do you think the Philippines will be able to reduce its sovereign risk? What do you think should be done about the debt risk the country has? Do you think the high debt risk could turn off foreign investors?

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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Muntinlupa City Government’s Support For Qualified Single Parents Confirmed

September 25, 2025September 16, 2025carlocarrasco

Recently in the progressive City of Muntinlupa, the City Government confirmed that it will provide financial support to qualified single parents so that they can handle the rising cost of goods and other expenses, according to a GMA Network news report. This is in reference to the local program called the Muntinlupa City Solo Parents Cash Subsidy.

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

Qualified single parents would get P1,000 in cash support each month to help them deal with the rising cost of commodities, according to the Muntinlupa City government.

“Alinsunod sa direktiba ni Mayor Ruffy Biazon na palakasin ang suporta sa ating indigent Solo Parents, makakatanggap na ang mga qualified beneficiaries ng P1000 monthly cash assistance sa bisa ng City Ordinance No. 2025-311 o ang Muntinlupa City Solo Parents Cash Subsidy,” the Muntinlupa City local government said in a Facebook post on Friday.

(In accordance with Mayor Ruffy Biazon’s directive to strengthen support for our indigent solo parents, qualified beneficiaries will now receive P1000 monthly cash assistance through either City Ordinance No. 2025-311 or the Muntinlupa City Solo Parents Cash Subsidy.)

“Layon nitong makatulong sa ating solo parents na ramdam ang bigat ng patuloy na pagtaas ng mga bilihin at gastusin sa araw-araw,” it added.

(This aims to help our solo parents who feel the weight of the continuing increase of daily goods and expenses.)

The Muntinlupa local government unit identified those who are qualified for the assistance: Minimum wage earner or below; Self-employed or with no regular job earning minimum wage or below; Not a 4Ps beneficiary.

Meanwhile, a solo parent is no longer qualified if all of his or her children are already over 22 years old.

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 local program of financial support for qualified single parents?

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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Las Piñas City’s Solo Parents Program Anniversary Celebrated

September 25, 2025September 16, 2025carlocarrasco

Recently in the City of Las Piñas, the City Government celebrated the 10^th anniversary of its local program for solo parents at the Aguilar Sports Complex and Mayor April Aguilar personally distributed rice to the participants, according to the LGU’s social media post.

To put things in perspective, posted below is an excerpt from the City Government’s social media post. Some parts in boldface…

Las Piñas City celebrated the 10th anniversary of its Solo Parents program with a vibrant gathering at the Aguilar Sports Complex in Barangay Pilar.

With the theme “Solo Parent na Rehistrado, sa Gobyerno Tiyak na Protektado,” the event drew 800 participants and highlighted the city’s commitment to provide care, recognition, and protection for solo parents.

A key moment was the launch of the Solo Parent Purchase Booklet. The City Social Welfare and Development Office, led by Ms. Lowefe Romulo, detailed the qualifications, registration requirements, and benefits for solo parents which include a comprehensive package of social protection services, educational support, automatic PhilHealth coverage, and a 10% discount on essential needs such as baby products and prescribed medicines for children aged 6-years and below.

Each participant also received 3 kilograms of rice personally distributed by Mayor April Aguilar.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are there many solo parents in your local community right now?

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

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Philippines Secures Investments Worth Over P50 Billion From Japan

September 24, 2025September 15, 2025carlocarrasco

Japanese business entities confirmed they will be investing more than P50 billion in the Philippines following the recent meetings with and presentations by a Filipino delegation composed of government and economic officials, 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 delegation secured around PHP51 billion worth of investments during its trip to Osaka, Japan, last week, according to Department of Trade and Industry (DTI) Secretary Cristina Roque.

The bulk of the investments, amounting to PHP34 billion, is from the operator of the world’s largest karaoke chain, Koshidaka Holdings Co., Ltd., which intends to open 300 outlets over the next 10 years.

In a press release Monday, Roque said this particular investment is projected to generate over 1,500 direct jobs and support thousands through construction and supply-chain activities.

Another conglomerate, Marubeni Corporation, committed PHP15-billion investments for real estate, financial technology, healthcare, and afforestation.

Sojitz Corporation, a general trading corporation, will also invest PHP2 billion to PHP3 billion in a property developer to attract firms that are into artificial intelligence, semiconductor design, software, and healthcare, and expressed interest in aviation-related projects.

Roque said Mitsui & Co., a major Japanese trading company, will expand its existing investment in the Philippines after it reaffirmed its partnership with Metro Pacific Investments Corp. and Steel Asia for a steel recycling entity targeted to support decarbonization bid.

“These commitments in green energy, smart housing, healthcare, and creative services highlight the strength of our partnership with Japan. DTI and the Economic Team will work together to ensure these projects generate quality jobs, strengthen supply chains, and advance the country’s shift to a green, digital, and broad-based economy,” she said.

“These investments are a testament to President Ferdinand R. Marcos Jr.’s vision for an agile, innovation-driven economy that welcomes partnerships and delivers inclusive growth.”

Let me end this post by asking you readers: What is your reaction to the recent developments? Are you delighted that the Philippines secured P51 billion worth of investments from Japanese business entities? Do you think this will help the Philippines attract more foreign investments over the next six months?

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

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Around 800 Las Piñas City Residents Avail Of Services From Medical Mission

September 23, 2025September 14, 2025carlocarrasco

Recently in the City of Las Piñas, around eight hundred local residents availed of the services from a medical vision involving the Aivee Group, the City Government confirmed via social media.

To put things in perspective, posted below is an excerpt from the City Government’s social media post. Some parts in boldface…

Mayor April Aguilar, together with Vice Mayor Mel Aguilar and The Aivee Group led by Dra. Aivee Aguilar, brought premium medical care to the community through the “Aivee Beyond Borders” free medical mission held at the Equitable Covered Court, Barangay Talon Kuatro. Around 800 Las Piñeros benefited from the activity, receiving expert consultations, treatment procedures, post-procedure medicines and creams, as well as follow-up guidance.

The event also became a celebration of community spirit, with free meals and treats shared by the City Nutrition Office and Potdog, plus giveaways from The Aivee Group and the Las Pin̈as LGU. A raffle was likewise held, made possible through the generosity of sponsors including Unilab Foundation, Omni Med Hub Corporation, Vanguard, Siklab, and Ms. Maribel Mijares.

Joining Mayor April were Congressman Mark Anthony Santos, Councilor Alelee Aguilar, and special guest Mika Salamanca, PBB Celebrity Collab Big Winner, who all came together to show support for the beneficiaries.

Mayor April reiterated her commitment to bring quality health services closer to the people.

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 wish that another medical mission involving the Aivee Group will be held again in the city 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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