Southeast Asia – Page 9 – Author Carlo Carrasco

Philippines 3rd Quarter GDP Growth Lands At 4%

November 8, 2025November 8, 2025carlocarrasco

The official economic numbers have been unveiled at last by the Philippine Statistics Authority (PSA) and the results are disappointing as the gross domestic product (GDP) growth of the Philippines for the 3^rd quarter of 2025 landed at a disappointing 4%, according to a Malaya Business Insight new report. The results could mean that the Philippine economy could fall short of the 5.5% to 6.5% GDP growth range by the end of this year.

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

The Philippine economy expanded by 4 percent in the third quarter of 2025, a sharp slowdown from the second quarter and the year earlier as public construction spending eased amid stricter validation measures for government projects.

The third-quarter growth rate in gross domestic product (GDP) marks a deceleration from a 5.49 percent rise in the second quarter.

Data released on Friday by the Philippine Statistics Authority (PSA) also showed growth in the third quarter this year lost some momentum from 5.2 percent in the third quarter of 2024.

For the first nine months to September 2025, GDP grew by an average of 5 percent, easing from a rise of 5.8 percent in the year-earlier period.

Department of Economic Planning and Development (DEPDev) Secretary Arsenio Balisacan said services and industry, on the supply side, posted weaker growth. He pointed out that Department of Public Works and Highways (DPWH) civil works went through stricter validation measures.

Q3 growth drivers – National Statistician and PSA Undersecretary Claire Dennis Mapa said the main contributors to growth during the July-to-September period were wholesale and retail trade, including the repair of motor vehicles and motorcycles (up 5.0 percent); financial and insurance activities (5.5 percent); and professional and business services (6.2 percent).

“All major economic sectors — agriculture, forestry, and fishing; industry; and services — posted year-on-year growths in the third quarter,” Mapa said, citing respective increases of 2.8 percent, 0.7 percent, and 5.5 percent.

On the demand side, household final consumption expenditure grew by 4.1 percent year-on-year, while government spending rose 5.8 percent. Exports of goods and services climbed 7.0 percent, and imports expanded 2.6 percent. In contrast, gross capital formation — the measure of investment in fixed assets — fell 2.8 percent, reflecting caution among businesses and slower project rollouts.

Weaker services and industry – In a separate statement, DEPDev Secretary Balisacan, referring to the easing of the supply side, particularly in the services and industry performance in the nine-month period, cited “a sharp contraction in public construction due to stricter validation measures for DPWH civil works, as well as the implementation of new requirements that delayed billings and disbursements for government projects.”

Despite the slowdown, Balisacan pointed out that private construction “remained respectable,” though investment in durable equipment “was subdued.”

Indeed, the latest GDP growth statistics are disappointing. The national government plans to spend more than P1.3 trillion to boost the economy in the 4^th quarter and we will only find out the results of that in early January 2026.

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 does not have enough momentum to achieve the national government’s GDP growth range for 2025? Do you think the ongoing flood control corruption scandal developments have turned away lots of 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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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

Muntinlupa City Bags Seven Honors At DILG Urban Governance Exemplar Awards

November 8, 2025November 5, 2025carlocarrasco

Excellence of the City of Muntinlupa has been realized in the form of seven honors bagged by the City Government during the recent Urban Governance Exemplar Awards (UGEA) 2025, 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 bagged seven awards at the Urban Governance Exemplar Awards (UGEA) 2025 given by the Department of the Interior and Local Government (DILG) on Nov. 4.

Mayor Ruffy Biazon and Vice Mayor Stephanie “Phanie” Teves-Wong attended the awarding ceremony along with city officials.

UGEA recognized the accomplishments of local government units (LGUs). The Muntinlupa City government received the following awards:

• Local Council for the Protection of Children Performance Year 2024 – Top Performer

• Sangguniang Panlungsod of Muntinlupa – 2025 Local Legislative Award for Exemplary Performance

• Peace and Order Council & Anti-Drug Abuse Council – Significant and Invaluable Partner in Advancing the Vision of a Safe, Secure, and Drug-Free NCR

• Local Committee on Anti-Trafficking and Violence Against Women and their Children 2025 Functionality Audit – Highly Functional

• 2024 Manila Bay Clean-Up, Rehabilitation and Preservation LGU Compliance Assessment – Highly Compliant

• 2024 Manila Bay Clean-Up, Rehabilitation and Preservation LGU Compliance Assessment – Top Performer (Informal Settler Families Cluster)

• 2024 Manila Bay Clean-Up, Rehabilitation and Preservation LGU Compliance Assessment – Top Performer (Liquid Waste Management Cluster)

Biazon said the awards reflected the efforts of every city employee and leader in delivering high-quality public service.

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 to see the City Government achieve more awards? Do you see any excellence in the local governance in relation to urban developments?

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

Forklift Operator Arrested In Parañaque City For Attempted Murder

November 7, 2025October 30, 2025carlocarrasco

Recently in the city of Parañaque, local police officers armed with a warrant arrested a male forklift operator for attempted murder, 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…

Police arrested a forklift operator, ranked as the No. 3 most wanted person for attempted murder, during a manhunt operation in Parañaque City on Oct. 29.

The suspect, identified the suspect as John, 21, was apprehended at his residence around 2:10 p.m. in San Juan De Coastal, Barangay San Dionisio, Parañaque.

John was arrested by members of the Parañaque City Police Warrant and Subpoena Section by virtue of a warrant issued by Judge Xerxes Ultra Garcia of the Parañaque City Regional Trial Court, Branch 295, with a recommended bail of P120,000.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, when was the last time someone in your local community was arrested for attempted murder? Are you concerned that suspected murders could be hiding 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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Ban On POGOs Institutionalized

November 6, 2025October 29, 2025carlocarrasco

The ban on Philippine Offshore Gaming Operators (POGOs) has officially been institutionalized recently as Republic Act Number 12312 has been signed into law by President Ferdinand “Bongbong” Marcos, Jr., according to a news article by the Philippine News Agency (PNA).

Back in July 2024, the ban on POGOs was declared and there were some economic effects that followed (click here and here). POGOs are notorious for being connected with varied forms of crime and human rights abuses. It should be noted that even though the ban was in effect, there were still POGO operations uncovered in Parañaque City (click here, here and here) which itself has been a hot spot of criminal activities involving Chinese nationals for many years now.

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 signed Republic Act (RA) 12312, institutionalizing the ban on Philippine offshore gaming operators (POGOs) and declaring their operations and other related activities illegal.

RA 12312, or the Anti-POGO Act of 2025, signed by Marcos on Oct. 23, repeals RA 11590, which previously legalized offshore gaming operations.

“The State recognizes that the maintenance of peace and order, the protection of life, liberty, and property, and the promotion of the general welfare are paramount for the meaningful enjoyment of democracy. The State likewise values the dignity of every human person and guarantees full respect for human rights,” the new law stated.

“To this end, offshore gaming operations in the Philippines are hereby banned and declared unlawful,” it added.

RA 12312 prohibits the establishment, operation, or conduct of offshore gaming in the Philippines; the acceptance of any form of betting for offshore gaming operations; acting as a POGO gaming content or service provider; the creation and operation of a POGO hub; and the introduction, use, or possession of POGO gaming equipment or paraphernalia.

The law orders the permanent cancellation of all licenses previously issued for POGO operations.

All Alien Employment Permits and certificates of exemption and exclusion issued by the Department of Labor and Employment (DOLE), as well as any visa or work permit issued by the Bureau of Immigration (BI) or other visa-issuing agencies to POGO workers, have also been revoked.

“Upon the effectivity of this Act, the DOLE, the BI, and other visa-issuing agencies shall not be allowed to issue any visa or work permit to any person for purposes related to offshore gaming operations,” the law stated.

“The BI shall ensure that any foreign national whose visa is cancelled in accordance with this provision shall be deported directly to the country of his or her birth or citizenship, in coordination with the appropriate embassy or consulate.”

Under RA 12312, all POGOs, as well as POGO gaming content providers, accredited service providers, and local gaming agents whose licenses have been revoked, remain liable for taxes, duties, regulatory fees, and all other charges up to the last day of their operations.

These are due and payable to the government for obligations arising from or in connection with their operations.

The Bureau of Internal Revenue (BIR) is directed to audit persons and entities to determine any outstanding tax liabilities, despite the revocation of licenses and closure of operations.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there are still POGOs or even tiny POGO-like operations still operating secretly around the country 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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Woman Wanted For Bouncing Checks Apprehended In Parañaque City

November 6, 2025October 29, 2025carlocarrasco

Recently in the city of Parañaque, local police officers armed with a warrant arrested a woman who has been wanted in nearby Las Piñas City for several counts of bouncing checks, 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…

A 49-year-old woman wanted in Las Piñas for 13 counts of bouncing checks was arrested on Tuesday, Oct. 28, by members of the Parañaque City Police Warrant and Subpoena Section.

The suspect, identified as Vanessa, a resident of Barangay Merville, (Parañaque) City, was nabbed at around 11:40 a.m. at Big C Supermarket at the corner of Russia and Dona Soledad Streets, Parañaque City.

Police said Vanessa, ranked as the No. 10 most wanted person, was arrested by virtue of a warrant issued by Judge Vladimir Berla Serohijos Daral of Las Piñas Metropolitan Trial Court, Branch 123, with a recommended bail of P144,000.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you know anyone in your local community who was issued a bouncing check?

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: Israel Exploring Opportunities Of Cooperation With The Philippines On Tourism, Cybersecurity And More

November 5, 2025October 28, 2025carlocarrasco

During an important discussion with the Manila Bulletin, Israeli Ambassador to the Philippine Dana Kursh stated that the Jewish state and the Philippines are exploring opportunities of cooperation over important topics such as tourism, cybersecurity, trade and direct flights, the newspaper reported.

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

The Philippines and Israel are exploring “more avenues of cooperation”—including a possible free trade agreement, direct flights between the two countries, and cybersecurity agreements—that will improve the “bond” that has been going strong since World War II, Israel Ambassador to Manila Dana Kursh said on Monday, Oct. 27.

In an exclusive roundtable discussion with The Manila Bulletin, the envoy underscored the importance that Israel puts in the Philippines, citing high-level visits of its ministers for foreign relations, economy, and tourism, as well as its deputy foreign minister.

“That shows that the Israeli government thinks very highly of the Philippines because it is working top down—our Prime Minister said look east and he specifically said also the Philippines and our ministers are coming here to explore more avenues of cooperation,” she said.

“So, this is one time that it relies on the past and it looks at the present and if we are looking at the future there are two things that are important,” she added.

The first, Kursh shared, is the possible free trade agreement (FTA) between the two countries, of which discussions on building the mechanisms have already started in July.

“So, hopefully, there will be a free trade agreement. We are now just finalizing things so, we initially started in July and when it’s done, the potential of bond between the two nations will become even more,” she pointed out.

PH, Israel eye revival of direct flights – Another important component of this relationship is the establishment of direct flights.

Noting the big potential of tourism between the two countries, the ambassador lamented the travel advisory currently raised in Israel by the Philippine government.

“We have to move aside is a travel advisory. I know that tourists are still coming despite the travel advisory, but we need to overcome this challenge and God willing, now with the voices, with the wind of peace from our region, I do hope that the DFA will decide, together with other ministries, will decide to lift this,” she said.

Travel Alert Level 2 is currently raised in Israel, which reminds Filipinos to avoid non-essential travel to the country. This includes, among others, tourism visits, pilgrimages, temporary stays with relatives and friends, volunteer work, sports events, entertainment, and similar activities.

After going past that hurdle, Kursh said the two countries can start discussion two possible options for direct flights, with one options having only direct flights on a certain amount of days a week.

The envoy added they have already met with the country’s flag carrier Philippine Airlines on how the direct flights will benefit the company.

“I do hope that more and more Filipinos will come to Israel and vice versa more and more Israelis will come to more than 7,000 mini paradise that we have in the Philippines.”

“So if I’m trying to answer, I think that God willing, within the next year and a half, we’ll be able to reach some progress, or even, but I cannot commit, we cannot commit to what’s going on in Israel, and at the end of the day, because it’s a decision of the airlines, we need to find ways to create the best formula that will be a win-win,” she added.

According to Kursh, there are some 30,000 or 40,000 tourists on both sides, but the “potential is tremendous.”

Cybersecurity partnership – Pointing out Israel’s expertise in technology, Kursh also said that her country has “added value” when it comes to exchanging best practices on innovation and technology, including cybersecurity.

“So, it’s both business and both tourism, we need to provide in our nations, to other next generation, we need to provide them food security and we need to provide cybersecurity and we need to provide them with health, with mental health and physical health and in all those realms and more Israelis and Filipinos can work together to have a better future for everyone,” she added.

This newest development shows the continuing growth of Israel-Philippines ties and Ambassador Kush pointed out the high-level visits of ministers from the Jewish state. In my view, the Philippines and Israel can become greater partners than they are today. Apart from travel, Israelis and Filipinos can help each other out in business, cybersecurity, and trade. We all have to pray that the Philippines and Israel will work together more closely sooner than later.

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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Muntinlupa City Prioritizes People Through Governance

November 4, 2025October 28, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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I Love Israel: Philippines Is A Priority Market For Israel On Tourism

November 4, 2025October 28, 2025carlocarrasco

Following the end of the 2-year war in Gaza and the return of twenty living hostages connected with US President Donald Trump’s peace plan for Gaza and the Middle East, there is now a renewed optimism in Israel particularly on tourism and that includes efforts to revive the travel sector while providing foreigners new opportunities to visit the Holy Land. Israel made clear that it sees the Philippines as a priority market on tourism, according to a news article by the Philippine News Agency (PNA).

For the newcomers reading this, I myself had visited Israel on a pilgrimage tour with my local church in 2023. You can read some of my blog posts by clicking here, here, here, here, here and here. My faith in Lord Jesus is uncompromising and I will always stand in support of Israel and its people.

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

Israel sees the Philippines as a “priority” market in its efforts to revitalize its tourism sector, its tourism ministry said.

Intense promotions and trade engagement are underway in Asia following the “renewed travel optimism” seen after the Gaza ceasefire deal was signed this October, according to the Israel Ministry of Tourism (IMOT).

The agency, during its participation at the recent Internationale Tourismus Borse (ITB) Asia 2025 travel event in Singapore, underscored Israel’s intent to deepen ties across Asia’s high-growth travel markets and highlighted the destination’s “evolving identity that unites its heritage and modern leisure offerings.”

“The enthusiasm we’ve seen from Filipino travelers and partners at ITB Asia truly reflects how Israel remains a top bucket-list destination for many Filipinos,” Anna Oraiza Aban, marketing manager at IMOT’s Philippine office, said on Friday.

“With visa-free access for Philippine passport holders, we’re confident that more Filipinos will soon turn their dream trips into reality. The strong interest from the market and travel trade inspires us to continue developing experiences that connect deeply with Filipino travelers, whether through faith, culture, or adventure.“

In a briefer, IMOT said insights from ITB Asia 2025 will guide its regional strategy through 2026, with emphasis on joint marketing campaigns, airline collaborations, and education programs to build awareness and drive sustainable visitor growth in Asia.

Israel received 118,200 tourists in August, a 39 percent increase from July. Between January and August, it recorded 814,000 tourist arrivals, up from 672,400 in the same period last year.

“Asia has been a key market for Israel with India, Indonesia, the Philippines, China, and South Korea leading,” IMOT said.

“This steady rise shows Asia’s growing confidence and curiosity in Israel’s mix of culture, culinary, eco-conscious, wellness, and adventure travel experiences,” it added.

This newest development shows the continuing growth of Israel-Philippines ties and I am confident that new travel breakthroughs between Israel and the Philippines plus other nations in Asia will happen. That means better commercial and investment opportunities, and more people in Asia will be able to visit the Holy Land in Israel and witness the Holy Bible come to life during their visit. This also means more Asian travelers – the faithful and those who are still spiritually lost – will have golden opportunities to realize that Lord Jesus is the hope of all nations!

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.

Always be the fearless and aggressive church of Lord Jesus!

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

November 3, 2025October 25, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

November 2, 2025November 2, 2025carlocarrasco

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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