technology – Page 5 – Author Carlo Carrasco

I Love Israel: Israeli Ambassador Pays Respect To Mary Ann De Vera In Pangasinan

March 21, 2026March 17, 2026carlocarrasco

Recently in the province of Pangasinan, Israeli Ambassador to the Philippines Dana Kursh visited the wake of Mary Ann De Vera to pay respect to her as well as to her family, the Embassy of Israel in the Philippines announced via social media.

Mary Ann De Vera died in Israel as a result of a missile attack committed by the Islamic terrorist regime of Iran. She worked there as a caregiver. De Vera’s family recently met with Israeli President Isaac Herzog in Jerusalem and later met with the ambassador here in the Philippines when the remains arrived.

To put things in perspective, posted below is the entire social media post of the Israeli Embassy. Some parts in boldface.

Amb Dana Kursh paid a visit to Pangasinan to pay her respects and extend condolences to the family of Mary Ann De Vera, the Overseas Filipino Worker (OFW) who passed away in Israel while serving as a caregiver, dedicating her life to caring for others far from her own home.

Ambassador Kursh joined Pangasinan Governor Ramon “Mon-Mon” Guico III, OWWA Overseas Workers Welfare Administration Administrator Patricia Yvonne Caunan, Department of Migrant Workers Usec. Felicidad Bay, and officials from the Department of Migrant Workers and the Overseas Workers Welfare Administration to pay their respects and stand with the bereaved family during this time of mourning.

Mary Ann De Vera was known for her kindness, dedication, and quiet strength. Like many Filipino caregivers in Israel, she left her family in the Philippines to work abroad and support her loved ones, while compassionately caring for those entrusted to her. Her passing is deeply felt both by the people she cared for in Israel and by the many who loved her here at home.

The Government of Israel mourns her loss and extends its heartfelt condolences to her family and loved ones. We share in the grief of the De Vera family and honor Mary Ann’s life, service, and the compassion she showed every day through her work. May her memory be a blessing.

To all my readers, I encourage you to pray to the Lord for the protection of all civilians in the Middle East while the joint military operation of Israel and the United States versus the Islamic terrorist regime of Iran continues. Pray to Him for the regime of Iran to surrender unconditionally so that the conflict will end and the economic disruptions will stop.

Also I encourage you to realize 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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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

SBMA Chairman Aliño Opens New 2-Storey Starbucks Coffee Shop With Drive-Thru In Subic Bay Freeport Zone

March 20, 2026March 16, 2026carlocarrasco

Recently inside the Subic Bay Freeport Zone, Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño formally led the opening of a new two-storey Starbucks Coffee shop with drive-thru, according to the official announcement of the authority. The newest branch of the coffee giant was made with an investment of over P36 million.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño led the opening of the first two-storey Starbucks Coffee Shop with drive-thru facility here on March 6, 2026.

According to Aliño, the opening of the two-storey Starbucks Coffee Shop indicates Subic Bay Freeport’s status as a popular tourist destination, anticipating a year-round influx of customers.

The Starbucks Coffee Shop invested ₱36.75 Million in a 1,700-square-meter area at the portion of Lot 75-A, Rizal Highway, Central Business District, Subic Bay Freeport Zone.

The inauguration was attended by Engr. and Mrs. Rhammeth Paras, Arch. and Mrs. Adonis Co, Mr. and Mrs. Timothy Tang, and Engr. Aries Tanglao, owners of Pandabest Realty and Trading, Inc.

The two-storey Starbucks locations usually offer enhanced, often scenic, spaces with increased seating, frequently housed in restored, architecturally unique, or heritage buildings.

Notable examples include the heritage shophouse in Singapore’s Chinatown, the sprawling Reserve Hiraya in Tagaytay, and a colonial-style bungalow in Rochester.

“Now we have one here, with the building designed to be ‘work and study-friendly,’ providing more intimate, quiet spaces on the upper level compared to the busy ground floor,” Aliño said.

Let me end this post by asking you readers: What is your reaction to this recent development? Have you visited other Starbucks branches inside the Subic Bay Freeport Zone during your recent visit there? Do you think there is still more room for further coffee shops or cafes inside the Subic Bay Freeport Zone? How often do you order coffee by drive-thru?

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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GCash Blocks Over 3,200 Merchants Linked To Gambling And Scamming

March 19, 2026March 15, 2026carlocarrasco

In a serious attempt to protect its users and restore confidence, digital wallet GCash blocked more than three thousand and two hundred merchants that were linked to illegal online gambling and scamming, according to a news report by the Manila Bulletin.

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

Digital wallet giant GCash has blocked more than 3,200 merchants found to be linked to illicit activities, including illegal online gambling platforms, as part of its effort to bolster consumer protection.

In a statement, GCash said it has been coordinating with the Cybercrime Investigation and Coordinating Center (CICC) since last year to shut down these merchants’ access to the digital wallet.

By prohibiting their access to the digital wallet, this move prevents illegal operators from misusing the QRPh payment rail, which has been used to lure users to fake GCash payment pages.

Many of these illegal merchants employ deceptive tactics to mislead customers into sending payments to unauthorized accounts. Among the most common schemes is QR masking, where seemingly legitimate QR codes redirect payments to a different account.

Scammers also create fake payment pages that imitate legitimate businesses, as well as pages designed to mimic the official GCash interface to deceive customers and collect unauthorized payments.

GCash said it does not partner with these illegal merchants and operators, noting that they are typically independent entities attempting to route transactions through legitimate digital services.

To enhance consumer protection, GCash deploys proactive monitoring to identify and disable these schemes, which are then reported to authorities and the CICC to support government enforcement efforts.

“Entities attempting to misuse the GCash payment app and QRPh without authorization or are masking QRPh leading to unauthorized transactions are flagged, suspended, and reported to the relevant authorities,” it said.

Currently, GCash has measures in place to detect unauthorized merchant activity before users are scammed, helping maintain service integrity.

Furthermore, it immediately disables links to fraudulent operations and reports suspicious transactions to the CICC and the Anti-Money Laundering Council (AMLC).

“By proactively blocking unauthorized actors and reporting them to our regulators and authorities, we are helping protect Filipinos and maintain trust in the country’s digital financial ecosystem,” Miguel Geronilla, chief information and security officer of GCash.

As another layer of security, GCash said users should never share their mobile personal identification number (MPIN) or one-time password (OTP), as these details are not required.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think GCash has done a huge effort to protect its users and other customers? What do you think the scammers and purged merchants will do now that they have been blocked by GCash?

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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Israel Eliminates Iranian Intelligence Minister Esmaeil Khatib

March 19, 2026March 18, 2026carlocarrasco

Esmaeil Khatib – the Minister of Intelligence of the Islamic terrorist state of Iran – was eliminated successfully by Israel which severely damaged the regime whose number of officials have been reduced even more, according to a news report by The Jerusalem Post. Israel’s Defense Minister Israel Katz and the military confirmed the assassination.

To put things in perspective, posted below is an excerpt from The Jerusalem Post news report. Some parts in boldface…

The IDF has assassinated Iranian Intelligence Minister Esmaeil Khatib, Defense Minister Israel Katz, and the military both confirmed on Wednesday.

Before the assassination was confirmed, two sources gave The Jerusalem Post different indications on the likelihood of the success of the operation, which took place Tuesday night.

Khataib’s death marks the next most significant assassination in Iran since the early days of the war, other than the killing of Ali Larijani and the Basij chief on Monday night.

Khatib has been the intelligence minister since August 2021, when ultra-hardliner and former Iranian president Ebrahim Raisi was elected.

When Raisi was killed in a helicopter crash, and Masoud Pezeshkian succeeded him as Iranian president, he kept Khatib in his role, an unusual move given that traditionally new presidents replace top ministers with their own close associates.

Khatib seen as hardliner close to Khamenei checking Pezeshkian – However, Khatib was close to Ayatollah Ali Khamenei and was viewed as a hardliner who could keep Pezeshkian’s more moderate positions in check.

In addition, over the years, the Islamic Revolutionary Guard Corps (IRGC) started to displace aspects of the authorities and power of the intelligence ministry, causing friction and competition between the bodies.

Raisi was closer to the IRGC than former president Hassan Rouhani, and Khatib spent much of his career in the IRGC’s intelligence branch.

When Raisi moved Khatib from the IRGC to run the intelligence ministry, it also cemented some of the IRGC’s new intelligence powers.

Khamenei wanted to keep Khatib in place partially to ensure continued IRGC dominance.

Although the IRGC was viewed by Khamenei as more loyal and ideologically committed to his causes, the Post has reported that the intelligence ministry had been viewed by outside CIA and Mossad officials as far more professional and competent.

If IRGC intelligence officials might sometimes be promoted to their roles due to ideological loyalty, top intelligence ministry officials usually only achieve promotion based on outstanding spycraft.

Indeed, the elimination of Khatib is very significant and it weakens the regime even more. The regime, whose so-called new supreme leader could not even show himself living, will continue to pretend it is functioning even after losing Ali Larijani and the Basij chief prior to Khatib. Under the leadership of Prime Minister Benjamin Netanyahu, Israel is very capable of tracking and finding Iranian regime leaders for elimination. If the Islamic terrorist proxies realize that Iran – whose entire military has been decimated already by Israel and Trump’s America – has a pretentious and smaller leadership existing, they will feel the pressure knowing they can’t keep on fighting without Iran’s support.

As for the oppressed Iranians who protested against their government, the eliminations of Khatib, Larijani and the Basic commander should embolden them to take action against the wicked regime soon.

For additional insight, watch the YouTube news video below.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the Islamic terrorist regime of Iran has much fewer commanders remaining behind the scenes? Do you think their so-called new supreme leader is in a coma behind closed doors? With Khatib dead, do you think the number of Iranian soldiers and police officers will contemplate abandoning their posts to escape overseas?

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 Unemployment Rate Jumps To 5.8% In January 2026

March 18, 2026March 14, 2026carlocarrasco

With weaker economic growth and other problems already affecting the Philippines, the unemployment rate of the nation jumped to 5.8% this past January, according to a news report by BusinessWorld.

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

The Philippines’ unemployment rate climbed to 5.8% in January 2026, marking its highest level in more than three years, as the labor market cooled after the holidays, the Philippine Statistics Authority (PSA) said on Friday.

Preliminary results from the January 2026 Labor Force Survey (LFS) showed the number of unemployed Filipinos rose to 2.96 million, from 2.17 million in the same month last year, and 2.26 million in December 2025.

PSA Assistant Secretary Divina Gracia L. Del Prado said that the January unemployment rate was the highest recorded since June 2022, when unemployment stood at 6.0%.

The January jobless rate was higher than the 4.3% in January 2025, and the 4.4% in December 2025.

“Usually in our time series, after the Christmas season, our employment rate really goes down… because there are no longer available jobs,” Ms. Del Prado told a livestreamed news briefing.

“Because in December, of course, there are lots of jobs available for our labor force. But month on month, the number of unemployed increased by 695,000. And most of the reasons for this are that people got tired — maybe they were exhausted from working in December, or believing that there are no jobs available,” she added.

The quality of employment also saw a shift, as the underemployment rate — the proportion of those with jobs but seeking more hours — stood at 13.2% in January 2026. This was a tad lower than the 13.3% underemployment rate in January 2025, but higher than the 8% in December 2025.

About 6.35 million Filipinos were considered underemployed persons in January, slightly decreased from the 6.47 million underemployed in January 2025, and 2.42 million seen in December 2025.

The country’s employment rate fell to 94.2% in January 2026, down from 95.7% in January 2025 and 95.6% in December 2025. This was also the lowest employment rate recorded since June 2022 when it stood at 94%.

The number of employed persons in January 2026 fell to 47.94 million, a decline from 48.49 million employed in the same month last year, and 49.43 million in December 2025.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you personally know anyone who has been unemployed for the past three months? Do you consider the higher unemployment rate a sign that the economy of the Philippines could fall into a recession 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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National Security Council Secretary Ali Larijani And Basij Commander Of Iran Eliminated By Israel

March 18, 2026March 20, 2026carlocarrasco

In what can be described as the most significant eliminations since that of the demonic Ayatollah Ali Khamenei, the Israel Defense Forces (IDF) successfully eliminated Iran’s Supreme National Security Council Secretary Ali Larijani and Basij Commander Gholamreza Soleimani, according to a news report by The Jerusalem Post.

To put things in perspective, posted below is an excerpt from The Jerusalem Post news report. Some parts in boldface…

Iran’s Supreme National Security Council Secretary Ali Larijani was killed in a targeted Israeli airstrike in Iran overnight, the IDF and Defense Minister Israel Katz confirmed on Tuesday afternoon.

Israeli confirmation of the assassination came after three separate sources confirmed to The Jerusalem Post he was targeted in what is the single most momentous targeted killing following the death of former supreme leader Ali Khamenei.

The military referred to Larijani as “the de facto leader of the Iranian terror regime.”

Basij commander killed along with ‘majority of leadership’ – The IDF also confirmed it had assassinated the head of the Islamic Revolutionary Guard Corps’ Basij paramilitary militia, Gholamreza Soleimani, and his deputy, Seyyed Karishi. The two were killed in a makeshift tent area, which had been set up to make it harder to follow them as opposed to in a known headquarters.

An Israeli official also confirmed to The Jerusalem Post that the majority of the Basij leadership was eliminated overnight in the Israeli airstrike.

The military also announced that it killed the IRGC’s Aerospace Force chief.

Larijani was due to give public address in Iran on Tuesday – Iranian authorities stated that Larijani was due to give a public address on Tuesday, but two IDF sources expressed skepticism about his making a statement and expressed stronger optimism that the strike succeeded in killing him, before his death was announced.

After Larijani’s death was confirmed, the Mossad Farsi account posted on X/Twitter, saying “In the end, people without mercy will die.”

The Prime Minister’s Office released an image later on Tuesday, which it said captured the moment in which Prime Minister Benjamin Netanyahu issued the order for the targeted assassinations.

Netanyahu also released a statement via video following confirmation of Larijani’s death, calling him the “boss” of the regime, whom he called a “group of gangsters.”

“We’re undermining the regime, in the hope of giving the Iranian nation the opportunity to get rid of it,” he said. “It won’t happen all at once, it won’t happen easily, but if we commit to it, we’ll be able to give them the chance to take their fates into their own hands.”

Larijani was ‘de-facto leader’ of Iran after Khamenei’s killing – Some have viewed Larijani as the man running the Iranian regime since Ayatollah Ali Khamenei was assassinated by the IDF, along with Iran’s military chief, IRGC chief, defense minister, and around 40 other top officials on February 28.

Larijani has been the Islamic regime’s most public voice, responding directly to threats and comments by US President Donald Trump and others.

Whereas Mojtaba Khamenei has been technically appointed the next supreme leader, IDF and American intelligence have said he is badly wounded, and given a total lack of public appearances, doubts have been expressed about whether he is actually running the country.

Further, Larijani was promoted to run day-to-day operations for the country and all negotiations with the West over the conflict in the weeks before the war started.

Larijani, on March 1, announced that he would be heading an interim committee for running the country, given Khamenei’s death. However, just because Larijani issued such a statement does not mean that he is for sure calling the shots.

The Iranian leader has had ups and downs with Khamenei, having been an IRGC commander, speaker of parliament, and a national security council chief, but then was disqualified from running for Iranian president to pave the way for Ebrahim Raisi’s election in 2021, and was out of favor for a time.

However, in recent months, Larijani made a comeback as one of the older and still living top advisers to Khamenei, following so many top officials being killed in June 2025, and became Khamenei’s number two, running the country’s day-to-day security affairs and nuclear negotiations with the US.

If Larijani has been the number one official in Iran these last two weeks, and even if he is only one of the top few, killing or wounding him could significantly impact the overall strategic picture.

This development is the latest addition to the number of Islamic terrorist leaders Israel eliminated under the leadership of Prime Minister Netanyahu. With Larijani confirmed dead, one has to wonder who exactly are leading the Islamic terrorist regime of Iran and why is it their chosen so-called supreme leader – son of the demon Ali Khamenei – has not physically emerged. For additional insight, watch the YouTube news video below.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the significance of the latest Islamic terrorist leaders of Iran will be realized soon as the war in the Middle East goes on? Who do you think is actually leading the evil regime of Iran 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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Malacañang Declares March 27 A Special Non-Working Day In Las Piñas City In Celebration Of Cityhood And Founding Anniversaries

March 17, 2026March 12, 2026carlocarrasco

The City Government of Las Piñas recently announced via social media that Malacañang formally declared March 27, 2026, a special non-working day in the city in celebration of the cityhood anniversary as well as the founding anniversary.

To put things in perspective, posted below is the entire announcement by the City Government. Some parts in boldface…

Malacañang declared Las Piñas Day on March 27, 2026 as a Special Non-Working Holiday. This is in conjunction with the celebration of the 119th Founding Anniversary, and 29th Cityhood Anniversary of Las Piñas. Let’s celebrate our beloved City together!

The City Government’s social media post includes an image of the official signed document from Malacañang.

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? How do you plan to spend the special non-working day of March 27? Are many people in your local community aware of the history of the city’s founding and cityhood?

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

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Philippines Attracted Only $7.79 Billion In Foreign Direct Investment In 2025

March 16, 2026March 12, 2026carlocarrasco

It can be said that 2025 is indeed a very disappointing year for the Philippines as it attracted only $7.79 billion in terms of net inflows of foreign direct investments (FDI), according to a news report by the Manila Bulletin. The said figure is a drop of more than 17% compared with 2024 and it is recalled that the flood control corruption scandal of 2025 negatively affected the nation.

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

Net inflows of foreign direct investment (FDI) into the Philippines plunged to their lowest level in a decade—excluding the pandemic slump—as investors stepped on the brakes on injecting funds into the country.

The latest data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday night, March 10, showed net inflows of FDI stood at $7.79 billion for the full year of 2025, dropping 17.1 percent from the $9.4 billion recorded in 2024.

It bears noting that the 2025 performance marks a significant downturn, as full-year FDI was the lowest since the 2020 pandemic level of $6.82 billion.

Excluding the pandemic period, 2025 net FDI represents the lowest level in a decade since the $5.64 billion recorded in 2015. This contraction was a consistent trend throughout 2025, with cumulative annual growth remaining negative every month since January.

On a positive note, the final figure exceeded the country’s $7-billion full-year target.

According to the BSP, the overall decline in investments was largely driven by net debt instruments, or intercompany borrowings, which shrank by 27 percent to $5.27 billion from $7.22 billion in 2024.

Meanwhile, net equity capital, other than reinvestment of earnings, grew by 31.4 percent to $1.32 billion from $1.01 billion the previous year. Reinvestment of earnings also saw a modest expansion of 2.5 percent, reaching $1.2 billion.

For the full year, equity capital placements were primarily sourced from Japan, the United States (US), Singapore, and South Korea.

Investments were largely channeled into financial and insurance activities, manufacturing, and wholesale and retail trade.

In December 2025 alone, net inflows were recorded at $560 million, marking the lowest in three months since September 2025 at $316 million.

Robert Dan Roces, group economist at SM Investments Corp. (SMIC), said investors delayed their investments, particularly in December. He added that softer inflows likely reflect seasonality.

Looking ahead, Roces believes the ongoing military conflict in the Middle East could add a layer of uncertainty, triggering market volatility. Still, he sees a gradual rebound in 2026 on the back of improving global financial conditions.

“While the Iran conflict adds uncertainty through higher oil prices and market volatility, we still expect FDI to gradually recover in 2026, particularly in manufacturing, renewable energy (RE), and logistics, as global financial conditions ease and supply-chain diversification continues,” Roces said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be able to rebound strongly this year with 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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SBMA And Leechiu Property Consultants To Advance Freeport Investments And Tourism

March 14, 2026March 9, 2026carlocarrasco

Having been to the Subic Bay Freeport Zone many times already, the former US Naval base has been a strong engine for tourism, commerce and investments for the Philippines over the decades. Each time I visited, there was also something new to discover and the economic modernization happened gradually.

In a serious bid to enhance investments and accelerate the growth of tourism, the Subic Bay Metropolitan Authority (SBMA) announced that it has teamed up with the Leechiu Property Consultants (LPC) and their officials had important talks recently.

To put things in perspective, posted below is an excerpt from the official announcement of the SBMA. Some parts in boldface…

Subic Bay Metropolitan Authority (SBMA) officials met with executives of Leechiu Property Consultants (LPC) to explore collaborative initiatives to accelerate tourism growth and investment promotion here.

Led by SBMA Business and Investment Group’s Senior Deputy Administrator (SDA) Renato Lee III, discussions focused on expanding high-impact tourism segments including cruise ship tourism, wreck diving, forest trails, and Meetings, Incentives, Conferences, and Exhibitions (MICE) activities.

David Lee-Chiu, CEO of Leechiu Property Consultants highlighted Subic Bay’s deep-water port and strategic location as key advantages in positioning the Freeport as a competitive cruise ship destination in Luzon.

Lee-Chiu also noted that increased cruise calls would drive growth across hospitality, retail, transport, and local enterprises.

Meanwhile, SBMA Chairman and Administrator Eduardo Jose L. Alino also mentioned “wreck diving” as a strong niche market, with Subic Bay’s historic shipwrecks that continue to attract both domestic and international divers.

Also discussed was the development and promotion of forest trails and eco-tourism experiences, recognizing Subic Bay Freeport’s protected forest areas as prime assets for sustainable tourism, nature-based recreation, and eco-adventure activities.

Let me end this post by asking you readers: What is your reaction to this recent development? If you have visited the Subic Bay Freeport Zone over the past three months, how was your stay and did you find the place worth revisiting? Do you think the SBMA can still achieve so much more in terms of tourism growth and business?

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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Meralco Signs MOU With Korean Entities For Philippines Nuclear Power Project Development

March 14, 2026March 10, 2026carlocarrasco

Another step towards a nuclear-powered Philippines happened as the energy giant Meralco signed a memorandum of understanding (MOU) with Export-Import Bank of Korea (KEXIM) and Korea Hydro & Nuclear Power (KHNP) for a strategic partnership on the development of nuclear energy projects in the country, according to a BusinessWorld news report.

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

MANILA ELECTRIC CO. (Meralco) has signed a memorandum of understanding (MoU) with Korea Hydro & Nuclear Power (KHNP) and the Export-Import Bank of Korea (KEXIM) to collaborate on the development of nuclear energy projects in the Philippines.

The partnership aims to leverage South Korean expertise to evaluate the feasibility of nuclear power through a multi-faceted approach.

Under the agreement, the three organizations will conduct joint discussions on reactor design and engineering, exchange technical and regulatory information, and work to “strengthen the Philippines’ nuclear legal and institutional frameworks.”

The scope of the MoU also covers early-stage project development, including “public acceptance initiatives, project planning, and site selection studies.”

The companies will focus on business and financial modeling, with KEXIM specifically exploring “potential financing structures and credit facilities” for Meralco’s prospective projects.

Meralco Chairman and Chief Executive Officer Manuel V. Pangilinan highlighted the strategic importance of the collaboration, saying “Partnering with KHNP and KEXIM gives us access to proven global expertise and enables us to study technology, business models, and financing options with greater depth. This MoU marks an early but consequential step in this important process.”

He also said that nuclear energy is a critical component of the company’s long-term strategy to ensure energy security.

“Nuclear energy is a way to diversify our portfolio and reinforce energy security, while offering a degree of insulation from fuel market fluctuations,” he said.

He added that Meralco’s initiative is “complementary to the Philippine government’s efforts to lay the groundwork for its nuclear power program” as the utility provider assesses how the technology can best contribute to its future operations.

KHNP, a subsidiary of Korea Electric Power Corp., is currently the largest power generation company in South Korea, while KEXIM serves as the nation’s state-owned official export credit agency.

Meralco is the country’s biggest private electric distribution utility, serving 39 cities and 72 municipalities. It also has interests in power generation through wholly owned units and equity stakes.

Let me end this post by asking you readers: What is your reaction to this recent development? Now that the MOU has been signed, do you feel more confident about the future of a nuclear-powered Philippines? Do you think new nuclear power facilities in the country will be realized in your lifetime?

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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