Southeast Asia – Page 33 – Author Carlo Carrasco

Man arrested in Las Piñas City over two counts of rape

July 9, 2025July 3, 2025carlocarrasco

Recently in the City of Las Piñas, local police officers apprehended a man wanted for two counts of statutory rape, according to a Manila Bulletin news report. The law enforcers were armed with a warrant of arrest.

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

Members of the Las Pinas Police Warrant and Subpoena Section arrested a 19-year-old man, tagged as No. 3 most wanted person at the regional level, on Tuesday, July 1, for two counts of statutory rape.

Col. Sandro Tafalla, Las Pinas Police chief, said the suspect was nabbed at his residence on Ruby St., Saint Mary’s Home in Barangay Almanza Uno, Las Pinas City.

The arrest was based on a warrant issued by Judge Kathryn Sabado of the Las Pinas Regional Trial Court Branch 202, with no bail recommended.

Tafalla noted that upon verification through the Investigation Solution Automatic Verification (ISAV) system, the suspect’s name did not appear in the E-warrant and E-Rouge police databases.

Further checks, however, confirmed that the case was listed in the Crime Information, Reporting, and Analysis System (CIRAS) — an electronic system designed to digitize and streamline crime documentation.

Tafalla explained that CIRAS serves as a modernized version of the traditional police blotter, providing a more efficient and standardized crime data management.

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 might be suspected rapists living in your local community? Do you consider the crime of rape very serious nowadays?

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

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

Las Piñas Launches Nutrition Month with Healthy Food Fair

July 8, 2025July 2, 2025carlocarrasco

Recently in the City of Las Piñas, the local celebration of Nutrition Month was launched at City Hall and a food fair was organized in connection with it, the City Government announced via social media. Mayor April Aguilar and city health officials were present during the launch.

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

The City Government of Las Piñas officially launched this year’s Nutrition Month celebration with the opening of the Healthy Food Fair on Tuesday, July 1, at the City Hall Quadrangle.

Mayor April Aguilar led the kickoff ceremony together with Officer-in-Charge and City Nutrition Action Officer Dr. Julio P. Javier II. Organized by the City Nutrition Office, the event showcased a wide variety of affordable, nutritious meals prepared by community groups and barangay representatives, aiming to promote accessible healthy eating among Las Piñeros.

Now in its sixth year, the Healthy Food Fair runs from July 1 to 4, and forms part of the city’s month-long observance of Nutrition Month, aligned with the national campaign “Sa PPAN: Sama-Sama sa Nutrisyong Sapat Para sa Lahat! – Food at Nutrition Security, Maging Priority! Sapat na Pagkain, Karapatan Natin!”

Mayor Aguilar expressed her full support for the initiative and emphasized the city government’s continuing commitment to public health and nutrition.

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? When was the last time a Nutrition Month celebration was held in your local community?

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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12 Arrested in Parañaque City for Illegal Online Gambling

July 8, 2025July 4, 2025carlocarrasco

Recently in the city of Parañaque, local police officers apprehended twelve people – taxi and transport drivers – over their engagement in illegal online gambling, 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…

Operatives from the Southern Police District (SPD) arrested taxi and transport drivers engaged in illegal online gambling inside a transportation hub in Paranaque City on July 3.

SPD Director Brig. Gen. Randy Arceo identified the suspects as taxi drivers Mark, 35; Reynante, 43; Gilleard, 52; Jimmy, 54; Ely, 38; Rodel, 48; Ronaldo, 63; Sunny, 51; and Joeuie, 50; Conrado, 41, a ride-hailing driver; John Robert, 50, a modern jeep conductor; and Domingo, 43.

Arceo said members of the SPD- Special Operation Unit (DSOU), with support from the District Intelligence Division (DID) and the Paranaque City Police Substation 3, arrested the suspects at the PITX Taxi Lane in Barangay Tambo, Paranaque City, at around 10:30 p.m.

He said police operatives acted on complaint from a concerned citizen that a group of taxi drivers were engaged in online cockfighting or “E-sabong” while waiting for passengers.

The SPD chief said the arrested taxi drivers engaged in guerrilla-style gambling, causing them to overcharge their passengers for their fares to recover from their losses.

Police recovered two mobile phones used in placing bets and betting money amounting to ₱3,545.

The suspects were brought to the DSOU-SPD Office and were charged for violation of Presidential Decree 1602 on illegal gambling.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think that illegal online gambling will get worse over the next six months? Is online gambling happening 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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NBI Arrests 9 in Parañaque Over Car Financing Scam

July 7, 2025July 3, 2025carlocarrasco

Recently in the city of Parañaque, National Bureau of Investigation (NBI) agents arrested a group of nine people – six foreigners and three locals – for their involvement in a car financing scam, 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…

The National Bureau of Investigation (NBI) has arrested three Filipinos and six Indian nationals for their alleged involvement in an “assume balance-talon” scheme.

In a statement on Friday, NBI Director Jaime Santiago identified the suspects as Teotima Batutay, Rose Torion and Michael Castulo, and Indian nationals Sajjan Sarkar, Sai Charan, Kulvatnh Thati, Gayatri Sarma, Ray Anand, and Nithin Kamepalli.

They were arrested on June 24 in Parañaque City and charged with carnapping and syndicated estafa.

According to the NBI, the complainant said he failed to pay the monthly amortization of the subject vehicle to a bank and offered it for sale on the “assume balance” process.

The said vehicle was assumed by a car dealer, which passed it to Batutay who allegedly sold the vehicle to Castulo. Castulo together with Sarkar, mortgaged it to Anand for PHP120,000.

The bank chased after the complainant after the amortizations fell due, and sought the recovery of the vehicle through Castulo.

However, Castulo demanded PHP450,000 from the complainant and even threatened to tear the car into parts if the money, which was later reduced to PHP250,000, was not given.

The complainant filed a report with the NBI, leading to the suspects’ arrest and the recovery of the vehicle.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think that there are still gangs of both foreigners and locals who are committing scams and have yet to be caught? Do you think there will be more financial scams that will take place in Parañaque 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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Nineteen More Medicines VAT-Exempt in the Philippines

July 5, 2025July 4, 2025carlocarrasco

Following the recent announcement of several medicines declared exempted from the value-added tax (VAT), nineteen more medicines became VAT-exempt as a result of the recommendation of the Food and Drug Administration (FDA) to the Bureau of Internal Revenue (BIR), 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…

Nineteen maintenance and lifesaving medicines have been included in the list of those exempted from value added tax (VAT), benefiting more people.

Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr., during the Bagong Pilipinas Ngayon briefing on Thursday, said nine medicines were included under Revenue Memorandum Circular (RMC) 59-2025 issued on June 11, 2025 while the other 10 are covered by RMC 62-2025.

He said the inclusion of the medications for VAT exemption was based on the recommendation of the Food and Drug Administration (FDA).

Of the total, seven of these medicines are for cancer treatment; three each for diabetes, hypertension and mental illness; one each for high cholesterol, kidney disease, and tuberculosis.

“Ang mga ito ay mga maintenance at lifesaving medicines na ngayon ay hindi na papatawan ng VAT. Isang kongkretong hakbang para mas mapagaan ang gastuhin ng mga pasyente (These are maintenance and lifesaving medicines that will now be exempt from VAT. This move is a concrete step to lower patients’ expenses),” Lumagui said.

The BIR chief said both the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law and the Tax Reform for Acceleration and Inclusion (TRAIN) law provide VAT exemptions on certain health products.

He said BIR coordinates with the FDA and the Department of Trade and Industry (DTI) among others to monitor compliance among pharmaceutical companies and drugstores regarding this price changes.

Let me end this post by asking you readers: What is your reaction to this recent development? Were you surprised that a lot more medicines were declared VAT-exempt?

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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PLDT Moving Headquarters to Filinvest City

July 5, 2025October 22, 2025carlocarrasco

In relation to the Filinvest Group’s strong confidence with its Alabang central business district (CBD), it has been revealed that telecommunication giant PLDT will relocate its headquarters to the Southgate District of Filinvest City in Alabang, according to a Manila Bulletin news report.

For the newcomers reading this, Filinvest City is located within the Alabang area of Muntinlupa, and it is connected with both the South Luzon Expressway (SLEX) and the Metro Manila Skyway (which itself is connected to the NAIA Expressway and the North Luzon Expressway) which makes travel connectivity convenient. PLDT itself has its current headquarters in Makati City which has lasted for decades. This new development with Filinvest City adds potential business value to Alabang. It should be noted that Filinvest City also has its own local residents.

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

Filinvest City, the premier township developed by the Filinvest Group, is poised for a transformation with the announcement that PLDT Inc., the nation’s largest integrated telecommunications company, will relocate its headquarters to the Southgate District of Filinvest City.

This strategic move, which involves the development of the country’s first tech campus, signals a game-changing moment for the Garden City, paving the way for a smarter, greener, and more connected urban landscape in Metro South.

The decision to move was revealed in a press statement from Filinvest City, noting that PLDT’s choice of Filinvest City followed years of careful study and strategic planning.

The planned five-hectare PLDT campus, envisioned as the future headquarters for the telecommunications group, is slated for progressive development, with initial phases expected to commence soon.

The project draws inspiration from leading global tech campuses and reflects PLDT’s long-term commitment to fostering an innovative and future-ready workplace.

This campus is part of our effort to build a healthier, more collaborative work environment, said PLDT Chairman and CEO Manuel V Pangilinan. He added that it reflects our belief that the workplace must evolve alongside the industries we serve. We hope it will inspire creativity, encourage teamwork, and support the future of PLDT.

The tech campus is designed not only as a headquarters but also as a hub for innovation, collaboration, and digital transformation, aiming to consolidate talent and technology to cultivate a culture of agility and forward-thinking.

This aligns with PLDT’s dedication to shaping the future of connectivity in the Philippines. The development is projected to create thousands of jobs during both construction and operational phases, boosting demand for residential and commercial spaces and supporting local businesses and startups.

It is also expected to attract professionals and innovators to Metro South, reinforcing Filinvest City’s role as a nexus for future-forward enterprises.

Josephine Gotianun-Yap, Vice Chairperson, Filinvest Development Corporation, noted the transformation of Filinvest City from a quiet stock farm into a vibrant garden metropolis, stating that this was achieved through vision, dedication, and a steadfast sense of purpose. She also said, Filinvest City was designed with intention: to foster an environment where businesses thrive, innovation flourishes, and people live well. We believe a great city is not simply a backdrop to success—but a catalyst for it.” She further added that Filinvest remains committed to continued growth and meaningful collaboration, especially with PLDT, as it pursues its mission to empower Filipinos through meaningful connections, digital inclusion, and sustainable progress.

This landmark project reinforces Filinvest City’s commitment to sustainable and integrated urban planning. As the country’s only central business district holding both LEED Gold and BERDE certifications, Filinvest City is recognized for its green building standards and environmentally responsible design. The city’s master plan embraces the live-work-play philosophy, ensuring a holistic urban experience for its residents, workers, and visitors.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think PLDT’s upcoming headquarters in Alabang will create many new jobs and add value to Filinvest City as business and investment destination? Do you think this new development will influence other major corporations to consider establishing new headquarters in Alabang? Do you consider Muntinlupa City a more competitive highly urbanized city (HUC) in relation with PLDT’s upcoming Alabang headquarters?

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

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

USAID formally shut down and incorporated into State Department

July 4, 2025July 3, 2025carlocarrasco

They finally did it! The United States Agency for International Development (USAID) –the independent agency of the American government responsible for administering civilian and foreign aid – was formally shut down by the Trump administration and has been incorporated into the State Department, according to a news report by Breitbart.

It should be remembered that USAID was heavily abused for a long time and a lot of taxpayers’ money was abused for questionable and wrongful purposes around the world such as funding LGBTQ projects, pushing abortion overseas, overseas tourism promotions, terrorist funding, creating a Sesame Street in Iraq, creating a mural in Parañaque City, and more.

As expected, there are high-profile figures who still want USAID to continue even though the abuses have been exposed. This new development with USAID is undeniably a major change decades in the making and United States Secretary of State Marco Rubio issued statements defending the move.

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

The US foreign aid agency formally closed down Tuesday, with President Donald Trump’s administration trumpeting the end of the “charity-based model” despite predictions that millions of lives will be lost.

Founded in 1961 as John F. Kennedy sought to leverage aid to win over the developing world in the Cold War, the US Agency for International Development (USAID) has now been incorporated into the State Department — after Secretary of State Marco Rubio slashed 85 percent of its programming.

In a farewell to remaining staff on Monday, former presidents George W. Bush and Barack Obama — as well as U2 frontman Bono — saluted their work and said it was still needed.

Bush pointed to PEPFAR, the massive US effort to fight HIV/AIDS that he considers one of the top achievements of his 2001-2009 Republican presidency.

“This program shows a fundamental question facing our country — is it in our nation’s interest that 25 million people who would have died now live? I think it is,” Bush said in a video message seen by AFP.

Obama, who like Bush has been sparing in openly criticizing Trump, said that ending USAID was “inexplicable” and “will go down as a colossal mistake.”

“Gutting USAID is a travesty and it is a tragedy because it’s some of the most important work happening anywhere in the world,” the Democrat said.

A study published in the medical journal The Lancet predicted that more than 14 million people would die, a third of them small children, by 2030 due to the foreign aid cuts.

‘Little to show’ – Rubio painted a drastically different picture of USAID, which was an early target of a sweeping government cost-cutting drive led for Trump by billionaire Elon Musk.

Rubio said that USAID’s “charity-based model” fueled “addiction” by developing nations’ leaders and that trade was more effective.

“Beyond creating a globe-spanning NGO industrial complex at taxpayer expense, USAID has little to show since the end of the Cold War,” Rubio wrote in an essay.

He also complained that many recipients of US aid do not vote with the United States at the United Nations and that rival China often enjoys higher favorability among the public.

A senior State Department official, speaking on condition of anonymity, said that The Lancet study relied on “incorrect assumptions” and said the United States will continue aid but in a “more efficient” way.

He said that PEPFAR will remain, with a priority on stopping HIV transmission from mothers to children.

But he acknowledged the United States was no longer funding PrEP medication, which significantly reduces the rate of HIV transmission and has been encouraged by high-risk communities.

“No one is saying that gay men in Africa shouldn’t be on PrEP. That’s wonderful. It doesn’t mean that the United States has to pay for every single thing,” the official said.

He said the Trump administration was looking at “new and innovative solutions” and pointed to food deliveries in war-battered Gaza staffed by US military contractors and surrounded by Israeli troops.

Witnesses, the United Nations and local Gaza officials have reported that Israeli troops have repeatedly opened fire and killed Palestinians waiting for aid — although the US-backed initiative, the Gaza Humanitarian Foundation, denies any deadly incidents.

Let me end this piece by asking you readers: What is your reaction to this development? Are you satisfied with the formal end of USAID and its incorporation into the State Department? Do you think a lot of people’s lives around the world will suffer from the shutdown of assistance from USAID?

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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NBI Apprehends Nine Koreans for Online Fraud in Parañaque City

July 3, 2025June 27, 2025carlocarrasco

Recently in the city of Parañaque, elements of the National Bureau of Investigation (NBI) and the Bureau of Immigration (BI) apprehended nine Koreans for involvement in online fraud, according to a GMA Network news report. The apprehension happened inside a condominium and the law enforcers found several computer workstations operating programs.

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

Joint forces of the National Bureau of Investigation (NBI) and Bureau of Immigration (BI) arrested nine Koreans in Parañaque City for alleged involvement in online fraud, the bureau announced Friday.

According to the NBI, agents of the NBI-Organized and Transnational Crime Division and BI-Fugitive Search Unit (FSU) arrested the foreigners in a condominium in Parañaque on Wednesday, June 25.

“The Korean nationals were found operating computer workstations that run multiple applications displaying foreign-language scripts and exhibiting user interface windows typically associated with financial transactions and online communication platforms,” the NBI said in a statement.

“The configuration and real-time display of these systems raised reasonable suspicion of involvement in online loan fraud schemes,” it added.

The arrested individuals underwent inquest proceedings by the BI for violations of the Philippine Immigration Act of 1940, as amended, the NBI said.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think that cyber crime or online fraud within the city will only grow and get worse?

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 Mayor Biazon reminds employees about serving the public

July 3, 2025June 30, 2025carlocarrasco

As his second term of office started this past Monday, Muntinlupa City Mayor Ruffy Biazon reminded the local government employees to serve the people with courtesy, politeness, respect and attention, according to a Manila Bulletin news report.

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

Muntinlupa Mayor Ruffy Biazon started his second term of office at noon on June 30 and reminded employees of their duty to serve the public.

“We must serve and treat people with utmost courtesy, politeness, respect and attention that will make them feel that they are welcome and attended to,” he said in his inaugural message at the oath-taking ceremony of all newly elected officials of Muntinlupa on June 30.

Biazon took his oath before Muntinlupa Executive Judge Liezel Aquiatan.

“People are telling me that with my election this 2025, two ‘Firsts’ were accomplished. The first Muntinlupa Mayor to run unopposed, and the first to garner over two hundred thousand votes,” he said.

Also taking their oath were reelected Muntinlupa Rep. Jaime Fresnedi and Vice Mayor Stephanie Teves-Wong.

Councilors in Muntinlupa’s two districts also took their oath of office. They were District 1 Councilors Alexson Diaz, Raul Corro, Rachel Arciaga-Molina, Paty Katy Boncayao-Barreto, Jedidiah Presnedi, Walter Arcilla, Valentino Niefes and Amanda Jane Camilon.

The new District 2 councilors are Reggie Ann Landrito, Mamero Sevilla Jr., Kaye Anne Rongavilla, Francis Ian Bagatsing, Arlene Hilapo, Marie Shalimar Baes-Reyes, Rodolfo Moldez Jr. and Cornelio Martinez.

Biazon said in his first term of office, “good governance” meant something not only an Internet buzzword.

“Dito sa atin sa Muntinlupa, good governance means efficient and effective services, it means transparency and accountability in processes, it means we introduce innovation so that our programs continually improve to benefit our constituents especially those in vulnerable sectors,” he said.

He cited the accomplishments of the Muntinlupa City government in the last three years including getting the Seal of Good Local Governance award from 2022 to 2024 from the Department of the Interior and Local Government.

He said one of the major reforms that he implemented during his first term was to improve the services at the Ospital ng Muntinlupa (OsMun) in Alabang. The operation was the hospital was reverted back to the city government.

For 2025, he said, the city government allotted a P830 million budget for OsMun or about 10 percent of the total budget.

In addition, the city government allocated P100 million for the hospital’s infrastructure upgrades including rooms, critical facilities and new medical and laboratory equipment. He also formed the Mayor’s Patient Relations Team at OsMun to help patients and their families about concerns.

The mayor reminded employees of his “FREE (Fast, Responsive, Efficient and Effective) Service with a Smile” policy.

“Dapat ito ang maging tatak ng mga kawani ng lungsod—dapat hindi lang ito memory verse ng mga empleyado (This should be the brand of city employees—it shouldn’t just be a memory verse for employees). This should be a way of life, a standard operating procedure, an official policy,” he said.

Biazon said he will continue his 7K Agenda consisting of Kalusugan (Health), Karunungan (Knowledge), Kabuhayan (Livelihood), Kaunlaran (Progress), Kalikasan (Environment), Katarungan (Justice) and Kaayusan/Kapayapaan (Peace and Order).

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, what are you looking forward to from the City Government over the next three years?

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

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Philippines Lowers Economic Growth Target Amid Global Uncertainty

July 2, 2025June 27, 2025carlocarrasco

As there are more signs of weakness and uncertainty, the economic managers of the Philippines officially lowered their economic growth target this year, according to a Philippine News Agency (PNA) news article.

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

Economic managers on Thursday revised the economic growth target for this year amid mounting global uncertainties.

At a briefing after the 191st Development Budget Coordination Committee (DBCC) meeting, Budget Secretary and DBCC Chair Amenah Pangandaman said the economic growth assumption for 2025 was revised downward to 5.5 to 6.5 percent from the previous 6 to 8 percent.

For 2026 to 2028, the Philippine economy is projected to expand by 6 to 7 percent, reflecting a more cautious and resilient economic outlook amid global headwinds.

“The revisions take into account heightened global uncertainties, such as the unforeseen escalation of tensions in the Middle East and the imposition of U.S. tariffs,” Pangandaman said.

She said that despite these challenges, the DBCC remains “vigilant and ready to deploy timely and targeted measures” to mitigate their potential impact on the Philippine economy.

The budget chief said the country continues to be one of the fastest-growing economies in ASEAN driven by robust domestic demand.

To maintain this momentum, she highlighted the administration’s focus on structural reforms, including the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act and the Public-Private Partnership (PPP) Code, both designed to enhance the country’s trade and investment competitiveness.

Pangandaman said the government will also pursue the approval and implementation of other reforms recently ratified by Congress, such as the Liberalizing the Lease of Private Lands by Foreign Investors Act, Enhanced Fiscal Regime for Large-Scale Metallic Mining Act, Accelerated and Reformed Right-of-Way (ARROW) Act, and Konektadong Pinoy Act.

The DBCC also revisited the medium-term macroeconomic assumptions to take into consideration recent global and domestic developments.

The inflation assumption for this year was cut to 2 to 3 percent from the previous 2 to 4 percent. For 2026 to 2028, the inflation assumption was retained at 2 to 4 percent.

For 2025 to 2028, crude oil price assumptions were reduced to USD60 to USD70 per barrel from USD60 to 80 per barrel, despite escalating geopolitical tensions.

The foreign exchange rate is assumed to remain stable, averaging at PHP56 to PHP58 per US dollar from 2025 through 2028, supported by lower domestic inflation.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines is lacking momentum to achieve 6% growth this year? Do you think that inflation and unemployment will eventually rise before the year ends? Are you convinced that foreign investors are staying away 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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