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Philippines Economic Growth May Slow Down To 4.2% This Year

March 10, 2026March 3, 2026carlocarrasco

In the view of the University of Asia and the Pacific (UA&P), the growth of the economy of the Philippines may slow down a bit further this year to 4.2%, according to a BusinessWorld news report.

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

PHILIPPINE ECONOMIC growth may likely be even slower this year, amid uncertainty over a “meaningful” recovery, the University of Asia and the Pacific (UA&P) said.

In its February The Market Call, UA&P cut its full-year gross domestic product (GDP) growth forecast to 4.2% from the “above 5%” forecast previously.

If realized, this will be even slower than the post-pandemic low of 4.4% GDP growth in 2025 when the flood control scandal dampened government spending and investments.

However, UA&P expects first-quarter GDP growth to pick up to 3.3% from 3% in the fourth quarter of 2025. If realized, it will be slower than 5.4% in the first quarter of 2025.

“More indicators revealed the impact of the flood control scandal, hurting economic growth in 2025 as sentiment points to a ‘muddling through’ scenario for 2026,” it said. UA&P said the government needs to ramp up spending to drive faster growth this year.

“While uncertainty over a meaningful economic recovery remains, we see some bits of light emerging,” it said.

“With inflation remaining in the lowest quarter of BSP (Bangko Sentral ng Pilipinas) target range, policy and interest rates declining, and the peso depreciating, consumer spending, residential property sales, car sales, equipment leasing and other interest-sensitive spending should provide better consumption expenditures in Q1,” it added.

Headline inflation picked up to 2% in January from 1.8% in December and 2.9% in the same month last year.

“A more optimistic PMI in January, along with expected increases in exports and remittances from overseas Filipinos, should be supported by the peso’s depreciation,” UA&P said.

The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to a nine-month high of 52.9 in January due to fresh export orders.

Last year, merchandise exports reached $84.4 billion, reflecting a 15.2% increase amid “holiday demand, US agricultural exemptions, and a weaker peso.”

Cash remittances coursed through banks hit an all-time high in December at $3.5 billion, bringing the full-year tally to a record $35.6 billion.

Meanwhile, the UA&P said that it expects further weakening of the peso after the BSP cut its policy rate by 25 basis points (bps) in February.

The Monetary Board lowered the target reverse repurchase rate by 25 bps to 4.25%, the lowest in over three years. This brought the BSP’s total reductions to 225 bps since it began monetary policy easing in August 2024.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you find the latest economic outlook of UA&P believable and precise? Do you think the fallout from the flood control corruption scandal still is dragging down the economic growth of the nation? Do you think the national government will be able to increase its spending this year?

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

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Philippines Coconut Oil Exporters See Golden Opportunities In America

March 10, 2026March 3, 2026carlocarrasco

Since US President Donald J. Trump returned in 2025, there were significant revisions in America’s health standards with Robert F. Kennedy Jr. (RFK Jr.) serving as the Secretary of Health and Human Services. One of the revisions tackled the dietary health guidelines which in turn created new opportunities in America that coconut oil exporters of the Philippines can capitalize on, according to a news report by the Philippine Star.

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

Coconut oil exporters are upbeat that demand for the prized commodity in the US will increase after Washington revised its dietary health guidelines, promoting the consumption of healthy fats.

United Coconut Association of the Philippines (UCAP) said the latest 2025-2030 US Dietary Guidelines reflects a “symbolic” shift in Americans’ diet as it represents an “inverted” food pyramid, putting fats at the top.

Prior to the change, saturated fats, including coconut oil, have been demonized based on the prevailing Lipid Heart Theory claiming that saturated fats and cholesterol are the root causes of heart disease, said UCAP chairman Marco Reyes.

He pointed out that previous dietary guidelines, particularly the 2020-2025 edition, had explicit warnings on the consumption of fats, including coconut oil and recommended consumers to shift to vegetable oil instead.

But in the latest guidelines, such an explicit warning has been removed with the only discouraging factor to coconut oil remaining is the limit stated on the consumption of saturated fat, Reyes said.

The latest dietary guidelines emphasized that saturated fat consumption must not exceed 10 percent of total daily calories. Furthermore, consumers are advised to eat healthy fats which it noted are plenty in whole foods like meats, eggs, among others.

However, coconut oil is not categorically stated as part of the healthy fats. Despite this, Reyes noted that demand for the commodity will still increase since there are no more explicit warnings against coconut oil.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the latest health guidelines of America will actually lead to stronger demand for coconut oil from 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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Las Piñas City Government Receives New Training Equipment From TESDA

March 9, 2026March 3, 2026carlocarrasco

Recently in the City of Las Piñas, the City Government (specifically the Las Piñas City Manpower Training Center) received from the Technical Education and Skills Development Authority (TESDA) new training tools, according to a Manila Bulletin news report. Mayor April Aguilar led the ceremonial signing of the deed with TESDA officials.

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

The Las Piñas City Manpower Training Center (LPCMTC) received new tools and equipment following the signing of a Deed of Donation from the Technical Education and Skills Development Authority (TESDA)–NCR and the TESDA Muntinlupa District.

Las Piñas City Mayor April Aguilar led the ceremonial signing with TESDA-NCR Regional Director Angelina Carreon, TESDA MuntiParLas Tapat District Director, TESDA-NCR Assistant Regional Director Gerardo Mercado, and LPCMTC head Engineer Noel Cuevas.

Aguilar said the event marked another milestone in strengthening the city’s technical and vocational training programs.

She said that various tool kits and equipment were awarded for use in LPCMTC’s training courses. These include equipment for assembling electronic products, solar night and post lamps, automotive servicing, cookery, bread making, and servicing consumer and industrial electronics modules and systems.

The mayor added that additional tools for preparing hot and cold meals were also provided.

Aguilar said that with improved training facilities and complete equipment, Las Piñeros are now better equipped to gain employment or start their own livelihoods.

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 delighted that TESDA released new training tools to the City Government? Do you know anyone who took training courses with TESDA 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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Chinese National Arrested In Batangas For Posing As A Filipino

March 8, 2026March 2, 2026carlocarrasco

The Bureau of Immigration (BI) apprehended in Batangas a Chinese national who posed as a Filipino citizen, according to a news report by the Manila Bulletin. The suspect has a history of acquiring Philippine passports and a driver’s license in the country.

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

A foreigner has been arrested by the Bureau of Immigration (BI) in Batangas for posing as a Filipino and for “fraudulently acquiring” Philippine documents.

Immigration Commissioner Joel Anthony M. Viado presented before the media on Tuesday, Feb. 24, the arrested foreigner who was identified as Chinese national Zhi Ling Guan. He said that Zhi admitted he is not a Filipino.

Viado said that Zhi also uses the aliases Shis Nengyuan and Mike Sy. The “fake” Filipino was arrested last Feb. 20 at the Batangas port, he also said.

Viado said that the Chinese national was using fraudulently his acquired Philippine passports and driver’s license using the name Mark Sy.

“Philippine citizenship is not a commodity that can be fabricated or acquired through deception,” Viado declared.

He warned: “Any foreign national who falsely claims to be Filipino and manipulates our systems to secure official documents will face arrest, detention, and deportation.”

He said the BI acted on the information it received from the Intelligence Service of the Armed Forces of the Philippines (ISAFP) which sought the verification of the identity of the person.

“Biometric checks and inter-agency verification established that the fingerprints appearing in identification documents under the name ‘Mike Sy’ matched those of Zhi Ling Guan, a Chinese national,” he also said.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think is the main reason the suspect used a fake identity and pretend to be a Filipino? Do you think the government should come up with stronger measures to prevent fraud committed by foreigners?

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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New Debit Mastercard Launched By BPI

March 5, 2026March 3, 2026carlocarrasco

A new debit Mastercard was launched recently by the Bank of the Philippine Islands (BPI) which will be available for free for clients who open an account through bank branches and also for existing clients whose existing cards are about to expire or are due for renewal, according to a business news report by GMA Network.

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

The Bank of the Philippine Islands (BPI) has launched a new debit Mastercard made from 100% recycled PVC-free plastic, as the Ayala-led lender boosts its sustainable banking efforts.

The new card will be available for free for clients who open an account through the bank’s branches and for existing clients with cards nearing expiry or are already due for renewal. Clients who switch to the new card will be charged a P200 replacement fee.

The card—which features a curved notch at the bottom left corner—can be requested through the BPI app or BPI Online, and may be available for pickup at the preferred branch.

“Reimagining the BPI Debit Mastercard to become an eco-friendly card is a testament to BPI’s commitment to its values of sustainability and innovation,” BPI Mass Retail head Jenny Lacerna said in an emailed statement.

“By using sustainable materials for our card, we hope to make sustainable behavior the default option for everyone,” she added.

Let me end this post by asking you readers: What is your reaction to this recent development? What is your observation about the new debit card launched by BPI? If you are an existing BPI account holder, do you intend to request for the new card?

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 Government To Pursue Legal Action Versus Online Shopping Platforms Over The Selling Of Fake Friendship Route Stickers

March 5, 2026March 3, 2026carlocarrasco

In a serious move against the selling of fake friendship route stickers online, the City Government of Las Piñas that it will pursue legal action against three online shopping platforms that constantly made such items available to customers, according to a news report by the Manila Bulletin. The City Government reiterated that using fake friendship route stickers constitutes penalties.

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

The Las Piñas city government has intensified its crackdown on the illegal sale and use of counterfeit Friendship Route stickers and is preparing to pursue legal action against three online platforms.

Las Piñas City Mayor April Aguilar said the three online platforms were reportedly openly selling counterfeit Friendship Route stickers.

Aguilar stressed that legitimate Friendship Route stickers are distributed free of charge to residents of Las Piñas City.

She warned that selling or using fake stickers is a violation of City Ordinance No. 715-06 and may result in fines and possible imprisonment.

Under the ordinance, violators will be fined P500 for the first offense, P1,000 for the second offense, and P3,000 for succeeding offenses.

Those found violating other provisions of the ordinance may face a fine of up to P5,000 or imprisonment of up to six months, or both.

While the Manila Bulletin report did not mention the names of the online shopping platforms, the City Government’s official announcement explicitly mentioned Shopee, Lazada and Facebook Marketplace.

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? Did you notice that fake Las Piñas friendship route stickers have long been offered for sale in online shopping platforms with prices in the hundreds of Pesos each? Do you personally know anyone using a fake friendship route sticker while driving within the city? Do you hope that City Government’s move will compel the online shopping platforms to crack down on the sellers of the fake friendship route stickers?

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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Filipina Worker In Israel Killed By Iranian Missile

March 4, 2026March 3, 2026carlocarrasco

As the Islamic terrorist state of Iran – which lost its demonic Ayatollah Ali Khamenei – kept on firing missiles and drones at several locations in the Middle East in retaliation to the joint US-Israel military operations, a Filipina worker in Israel got killed by an Iranian missile and already the embassies of both the Philippines and Israel expressed their condolences to the victim’s family, according to a news report by the Manila Bulletin.

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

Israel’s embassy in the Philippines has expressed its condolences to the family of the Filipina caregiver who was killed during an Iranian missile attack on Tel Aviv amid the ongoing Middle East conflict.

Mary Ann Velasquez de Vera, 32, from Basista, Pangasinan, lost her life when a missile struck her apartment on March 1, according (to) the Israel Embassy in Manila. Before this, she was still assisting her patient to safety while she, herself, was already injured.

“Mary Ann, like so many overseas Filipino workers in Israel, exemplified resilience, compassion, and quiet strength,” the Israeli Embassy in Manila said.

“She was identified by her husband, who is also an overseas Filipino worker in Israel, and their family,” it added.

“Israel joins in the profound sorrow of her family and the Filipino community. We mourn together and honor Mary Ann’s memory with dignity and respect. May her soul rest in peace,” it also said.

The Philippine Embassy in Tel Aviv also conveyed its condolences to the bereaved family through a phone call made by Ambassador Aileen Mendiola to her husband. Mendilola assured him of the Philippine government’s full assistance.

In a separate news report by GMA News, Israeli Ambassador to the Philippines Dana Kursh confirmed that the Jewish state has committed to providing lifetime support to the family of the victim. Under under Israeli law, the families of individuals injured or killed during a conflict — whether Israeli citizens or foreign nationals — are entitled to lifetime benefits.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines should suspend diplomatic ties with the Islamic terrorist state of Iran? Do you think the terrorist regime of Iran should be held accountable for attacking civilians with missiles and drones so indiscriminately? How long do you think the conflict in the Middle East will last? Are you hoping that Trump’s America, Israel and all the affected nations of the Middle East will band together to end the Islamic terrorist government of Iran? Did you notice any Islamist in your local community expressing support for Iran and Islamic terrorists?

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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Cerberus’ P5.31 Billion Unsolicited Proposal For Subic Bay International Airport Development Under SBMA’s Review

February 28, 2026February 25, 2026carlocarrasco

When was the last time you visited the Subic Bay International Airport (SBIA)? In recent times, the US-based company Cerberus Asia Pacific Investments, LLC (Cerberus) proposed to manage, operate and rehabilitate the said airport for P5.31 billion and it has been endorsed by the Public-Private Partnership (PPP) Center. The unsolicited proposal is officially being reviewed by the Subic Bay Metropolitan Authority (SBMA), according to a news report by BusinessWorld.

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

THE P5.31-billion unsolicited proposal of US-based investment company Cerberus Asia Pacific Investments, LLC (Cerberus) to manage, operate, and upgrade Subic Bay International Airport (SBIA) is now being reviewed by the Subic Bay Metropolitan Authority (SBMA) after the go signal from the Public-Private Partnership (PPP) Center.

“This unsolicited project was endorsed by the (PPP) Center to the IA (implementing agency) after being determined complete… The Subic Bay International Airport PPP is currently undergoing the approval process of SBMA,” the PPP Center told BusinessWorld on Tuesday.

According to the PPP Center, the SBMA will be the approving body for the project. If approved, the airport project will be under an operate-add-transfer contract arrangement.

Once the SBMA approves the project, it will begin negotiations with the project proponent. The government will then formalize the Original Proponent Status and initiate the Swiss Challenge process.

The Swiss Challenge is a process where other companies can submit better offers, but the original proponent has the right to match them.

Cerberus Capital Management is an investment firm managing approximately $65 billion in assets. Its global network of affiliates includes Cerberus Asia Pacific, which focuses on investments in logistics, infrastructure, technology, and energy.

Cerberus already operates part of a 310-hectare lot of a former South Korean-owned shipyard located west of the airport for which it had submitted an unsolicited bid.

“In theory, competitive bidding is king. In the reality of the SBIA, Cerberus is the catalyst we need. It is time to choose strategic results over procedural delays,” Rene S. Santiago, former president of the Transportation Science Society of the Philippines, said in a Viber message.

Nigel Paul C. Villarete, a senior adviser on public-private partnerships at the technical advisory group Libra Konsult, said that solicited bidding would be more feasible and faster, as it enables the government to define the contract’s parameters and coverage.

“Many of our public facilities should be operated by the private sector to attain a lot of the efficiencies that they can do, which are often difficult to attain within the government realm,” Mr. Villarete said.

For Mr. Villarete, a government-led solicited procurement process will always be preferable.

However, since an unsolicited proposal has already been submitted, the government’s role is to enter into negotiations, introduce the necessary changes and amendments, and only then present the proposal to the public for challenge, he said.

“There should be a negotiation period for the two parties to discuss any amendments required by the government before this is published for challenge,” he said.

Cerberus’ proposal covers the rehabilitation of SBIA assets and the development of new facilities to expand capacity and attract new tenants.

The company has also committed to invest “considerable financial resources” and utilize its real estate management capabilities in developing the airport.

In its proposal the company said that it will maintain the existing leases but only for the “early years” of its concession period.

“Cerberus plans to maintain the status quo of existing operations by honoring existing leases and retaining incumbent employees. In parallel, Cerberus will invest significant capital expenditure to improve SBIA’s infrastructure and operations, whilst building new hangars and storage facilities to reestablish SBIA as a major hub for commercial cargo operations and to expand SBIA’s government logistics operations,” it said.

The company added that it will monitor and evaluate airport fees to optimize SBMA’s returns under the revenue-sharing agreement, while supporting efforts to attract and manage both existing and new airport tenants.

This revenue-sharing scheme would be the determining factor if the proposed 25-year concession agreement were extended, PPP Center said.

Let me end this post by asking you readers: What is your reaction to this recent development? What is your opinion about the current state of the international airport inside the Subic Bay Freeport Zone? Do you think so much more can be achieved with the Subic Bay International Airport in terms of expanding flight connectivity, attracting more tourists from overseas and paving way for more foreign commerce to enter the freeport?

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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Deals Worth $4.2 Million Signed To Expand Nuclear Cooperation

February 24, 2026February 18, 2026carlocarrasco

Recently the effort to integrate nuclear power into the energy mix of the Philippines moved a few steps forward as deals with American companies worth $4.2 million were formally signed, according to a BusinessWorld news report.

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

THE PHILIPPINES is gaining more support from the United States in its goal of integrating nuclear power into the national energy mix in the next six years as it sealed $4.2 million worth of deals with US companies.

Government agencies and private companies from the Philippines and the US on Monday entered into memoranda of understanding which are aimed at exploring deployment of nuclear technology and supporting nuclear workforce development in the country.

“The Philippine Energy Plan sets clear direction for an energy future — 1,200 megawatts (MW)by 2032. And that is not moving until somebody tells us that it’s impossible,” Energy Secretary Sharon S. Garin said in her speech during the signing ceremony in Makati City on Monday.

“These targets demand preparation, anchored in discipline, safety, and capacity. As we pursue energy security and a responsible transition, we must invest in our people as deliberately as we invest in infrastructure,” she added.

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

“We want to work together to get the Philippines to the finish line on nuclear energy,” Ann K. Ganzer, principal deputy assistant secretary at the US Department of State’s Bureau of Arms Control and Nonproliferation, said.

“Beyond acquiring the technology and establishing robust regulations, to achieve that 2032 goal, the most vital elements will be assessing sites for commercial reactor and developing the skilled workforce needed to design, construct, operate, regulate and sustain advanced nuclear plants for generations to come,” she added.

Manila Electric Co. (Meralco), the country’s largest private electric distribution utility, secured a $2.7-million grant from the United States Trade and Development Agency to help the company assess and deploy US-designed small modular reactors (SMRs) in the Philippines.

Meralco will pursue a feasibility study which involves an evaluation of leading US technologies, identification of viable sites, and delivery of a high-level implementation roadmap.

SMRs, each capable of generating up to 300 MW, can be constructed more quickly than traditional nuclear power plants.

Meralco Chairman and Chief Executive Officer Manuel V. Pangilinan described the grant as “the beginning of a long but necessary journey.”

“Meralco is also looking actually at not only SMRs. It depends on the horizon by which we are able to deploy, but also, perhaps a bit sooner, conventional nuclear plants for this country,” Mr. Pangilinan said.

“It simply is right for the country and for Meralco to take nuclear, and we are prepared to act as thought leaders in this regard,” he added.

The US State Department’s Foundational Infrastructure for Responsible Use of Small Reactor Technology Program involves the installation of a $1.5-million nuclear reactor control room simulator at a technical institution within the planned Luzon Economic Corridor.

The simulator will provide hands-on realistic training for future reactor operators, which is aimed at positioning the Philippines as an SMR regional training hub.

Meanwhile, several private companies and government agencies also contributed $2.5 million to bring US nuclear experts to the Philippines to develop specialized vocational and higher education curricula focused on the civil nuclear industry.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines still has a lot of work to do and many challenges to resolve before it could convince foreign investors to come in? Do you think the national government is doing good enough to make the country attractive to foreign investors again?

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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