Tag: Thailand

Moody’s Ratings sees the Philippines becoming the 2nd fastest growing Southeast Asian economy this year and in 2025

Moody’s Ratings sees the Philippines becoming the 2nd fastest growing Southeast Asian economy this year and in 2025

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For this year and 2025, Moody’s Ratings projects the Philippines will end up as the 2nd fastest growing economy in Southeast Asia, according to a BusinessWorld news report.

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

THE PHILIPPINES is projected to be the second-fastest growing economy in Southeast Asia this year and in 2025 as domestic demand is expected to remain resilient, according to Moody’s Ratings.

“We have kept unchanged our 2024 and 2025 forecasts for the Philippines and Malaysia and also expect sequentially higher growth in both countries. Domestic demand remains the primary economic growth engine for the Philippines,” it said in a report.

Moody’s Ratings kept its forecast for gross domestic product (GDP) growth for the Philippines at 5.9% this year and 6% in 2025.

However, these projections fall short of the government’s growth targets of 6.5-7.5% for this year and 6.5-8% for next year.

At 5.9%, the Philippines has the second-fastest projected growth in Southeast Asia for 2024, after Vietnam (6%). It is ahead of Indonesia (5%), Malaysia (4.5%) and Thailand (2.8%).

For 2025, the Philippines is again expected to post the second-fastest growth behind Vietnam (6.5%) but ahead of Indonesia (5%), Malaysia (4.8%), and Thailand (3%).

Moody’s Ratings said that growth in domestic demand-driven countries like the Philippines is “increasing more than we previously expected.”

The economy grew by a weaker-than-expected 5.6% in 2023, slower than the 7.6% expansion in 2022 and short of the 6-7% government goal.

Household consumption typically accounts for three-fourths of the Philippine economy. Last year, household spending expanded by 5.6%, much slower than 8.3% in 2022.

Meanwhile, Moody’s Ratings sees inflation averaging 3.8% this year, higher than the Bangko Sentral ng Pilipinas’ (BSP) 3.6% full-year forecast but within the 2-4% target.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think that strong household consumption alone can help the Philippine economy grow stronger than what Moody’s Ratings projected for 2024 and 2025?

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

Top triathletes to join 2024 National Age Group Triathlon Subic Bay Freeport race

Top triathletes to join 2024 National Age Group Triathlon Subic Bay Freeport race

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With the 2024 National Age Group Triathlon – Subic Bay race scheduled to happen on January 27 and 28, 2024, the top-seeded triathletes of the nation will be joining in, according to a Philippine News Agency (PNA) sports news article.

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

The country’s cream of the crop will see action in the National Age Group Triathlon (NAGT) on Jan. 27 and 28, 2024 at Subic Bay Freeport in Olongapo.

The competition features Super Sprint Distance (500m swim-10km bike-2.5km run), Sprint Distance (750km swim-20km bike-5km run), Standard Distance Individual and Team Relay (1.5km swim-40km bike-10km run) and Super Trikids events.

The categories are Super Trikids (6 and under, 7-8, 9-10, 11-2); Super Sprint (13-15 boys and girls); Sprint (Elite Men and Women, Jr. Elite Men and Women 16-19 years and Age Group Men and Women 16-19, 20-29, 30-39, 40-49, 50 and above); and Standard (Men and Women 18-24, 25-29, 3034, 35-39, 40-44, 45-49, 50 and above).

Registration deadline is on Dec. 31.

The tournament, organized by Triathlon Philippines headed by Ramon Marchan, will serve as qualifying race for the 2025 Thailand Southeast Asian Games.

The (NAGT) is also part of the triathlon association’s trials and talent identification for the Philippine team.

Last year’s sprint elite champions were Filipino-Spanish Fernando Jose Casares (men) and Cebu City’s Raven Faith Alcoseba (women), while the winners in the Junior Elite divisions were Benguet’s Dayshaun Ramos and Cebuana Kira Ellis.

The 2024 National Age Group Triathlon – Subic Bay event is a joint project of Triathlon Philippines, the Subic Bay Metropolitan Authority (SBMA) and FUNtastic Subic Bay. The supporters of the event are the Philippine Sports Commission (PSC), Asian Centre for Insulation Philippines, Inc., Standard Insurance and Gatorade. Those who intend to join have a few days left to get registered online by clicking https://register.raceya.fit/event/nagt-2024

For future events and key updates from Triathlon Philippines visit https://www.facebook.com/TriPhil.

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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 at https://www.instagram.com/authorcarlocarrasco

Over 2,700 workers rescued in Las Piñas City

Over 2,700 workers rescued in Las Piñas City

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Recently in the city of Las Piñas, police officers rescued more than two thousand seven hundred employees – including several foreigners – after raiding a certain Philippine Offshore Gaming Operation (POGO) site in Barangay Almanza Uno, according to a Philippine Daily Inquirer report.

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

As many as 2,714 people were rescued by police following a raid on a Philippine Offshore Gaming Operator (Pogo) firm in Las Piñas City early Tuesday morning.

The NCRPO Joint Police Task Force, led by Deputy Regional Director for Operations Brig. Gen. Jack Wanky and Anti-Cybercrime Group Deputy Director for Operations, Col. Villammor Tuliao, executed search and seizure warrants for computer data at a pogo hub on 501 Alabang-Zapote Road, Almanza Uno, Las Piñas City. According to the National Capital Region Police Office, the operation occurred at about midnight.

Police identified the owner, maintainer, facilitator, and manager of Xinchuang Network Technology Inc., formerly known as “Hong Tai,” as follows: Quiha Lui, Liangfei Chen, Jimmy Lin, and Abbey Ng.

Meanwhile, Xinchuang Network Technology Inc. incorporators include Danica Andres Mensah, Oliver Ong, Divina Trillanes, and Daisy Vidal Cidro.

The warrants were served for the alleged violation of the Expanded Anti-Trafficking in Persons Act. Initial data from NCRPO showed that 1,528 Filipino workers were rescued.

Meanwhile, 600 of the rescued are from China, 183 from Vietnam, 137 from Indonesia, 134 from Malaysia, 81 from Thailand, 21 from Taiwan, seven from Nigeria, five from Singapore, five from Myanmar, four from Yemen, two from Pakistan, two from Africa, one from India, one from Somalia, one from Sudan, one from Cameroon, and one from Iran.

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 other POGOs located within your city could possibly be having abused workers kept secret from the public? Do you think that POGOs are somehow connected with local crime incidents?

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 at https://www.instagram.com/authorcarlocarrasco

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

Triathlon gold-silver-bronze for the Philippines at the 32nd SEA Games

Triathlon gold-silver-bronze for the Philippines at the 32nd SEA Games

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Welcome back my readers and sports fans! The much-awaited triathlon events for men and women at the 32nd Southeast Asian Games (also referred to as SEA Games and Cambodia 2023) have happened and the result for the Philippines was mixed.

Firstly, Fer Casares successfully won the gold medal again for the Philippines in the Men’s Individual Triathlon which establishes him as still the reigning king of triathlon in Southeast Asia. The official results showed that Casares completed the 750 Meter swim – 20 Kilometer bike – 5 Km run contest in 58 minutes and 32 seconds (58:32) and he was just 13 seconds ahead of silver medalist Rashif Amilya Yaqin of Indonesia. Technically Casares swam in 10:38, had 23 seconds in Transition 1, biked for 29:48, had 24 seconds in Transition 2 and ran for 17:19. Comparing his performance with the silver medalist, Casares came from behind to win the gold.

From the social media post of the Philippine Sports Commission.
Cebu-based Andrew Kim Remolino won the Men’s Triathlon bronze in addition to the silver he won for the nation in the Men’s Aquathlon.

Meanwhile, Casares’ Cebu-based teammate Andrew Kim Remolino (the aquathlon silver medalist) secured the bronze medal for the nation timing 59:53.

In the Women’s Individual Triathlon, Kim Mangrobang finished with the silver medal as Cambodia’s naturalized French-born Margot Garabedian took the gold (note: she also won gold in the Women’s Aquathlon). Mangrobang finished the race in 1:07:21 (11:28 in the swim, 34 seconds in Transition 1, 34:47 in the bike, 28 seconds in Transition 2 and 20:04 in the run) while Garabedian 1:05:31. The bronze medal went to Singapore’s Louisa Marie Middleditch who was just seconds behind Mangrobang at 1:07:28. while Cebu-based Raven Faith Alcoseba finished at 4th place with 1:08:46. Very noticeable was Garabedian’s teammate Toch Raksa finishing only at 10th place with 1:30:54.   

Kim Mangrobang won the Women’s Triathlon silver medal and the gold medal in the Women’s Duathlon.

The issue about the naturalization of foreign athletes as Cambodians is already attracting a lot of attention. Take note that there were other naturalized Cambodians who took part in the SEA Games (read about them here and here). It should be noted that the host nation bent the rules of the naturalization process. Following the end of the SEA Games this year, citizenship could become a hot topic of debate on sports competitions at least in Southeast Asia.

While Mangrobang was denied of the gold this time around, her achievement of winning back-to-back SEA Games women’s triathlon (2017, 2019 and 2021) remains historic and has yet to be surpassed. She is also still Southeast Asia’s reigning duathlon queen and Cambodia itself did not do well in the SEA Games women’s duathlon event as well as in the men’s aquathlon event as the official race results showed. It took a female competitor who was born in France to help Cambodia win the gold in triathlon and aquathlon just as they hosted the SEA Games for the first time ever. Remember that, my readers.

If there is anything else significant about the 32nd SEA Games, it is the fact that medal events of aquathlon, duathlon and triathlon got organized for the first time in Southeast Asia’s multisport history. The Philippines is part of it and its medal victories cannot be ignored.

For the record, the Philippines won the gold medals in Men’s Triathlon, Women’s Duathlon and the Mixed Aquathlon 4X Team Relay. Also secured were the silver medals in the Men’s Aquathlon and Women’s Triathlon, and the bronze in Men’s Triathlon. These are achievements that Filipinos can be thankful to the Lord for. Indeed, Southeast Asian sports competition has gotten tougher but the Philippines remains a multisport powerhouse in the region and for sure adjustments and further refinements will follow for future overseas competitions. The next SEA Games will be hosted by Thailand.

Let me end this post with the bible verse below…

I know what it means to lack, and I know what it means to experience overwhelming abundance. For I’m trained in the secret of overcoming all things, whether in fullness or in hunger. And I find that the strength of Christ’s explosive power infuses me to conquer every difficulty.

Philippians 4:12-13 (TPT)

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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

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

Remolino wins silver medal in the 32nd SEA Games men’s individual aquathlon event

Remolino wins silver medal in the 32nd SEA Games men’s individual aquathlon event

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This morning at Kep in Cambodia, Andrew Kim Remolino won for the Philippines the silver medal of the men’s individual aquathlon event in the ongoing 32nd Southeast Asian Games (also referred to as SEA Games and Cambodia 2023). For the newcomers reading this, this is the first time ever that the aquathlon got organized during the SEA Games and both the duathlon and triathlon events will follow over the next two days.

The image from the Philippine Sports Commission (PSC) Facebook page post congratulating Andrew Kim Remolino.

As expected, the battle for gold was indeed tough. The official results showed that the Cebu-based Remolino finished 2nd with a time of 15 minutes and 7 seconds (15:07). Remolino finished the 500-meter swim leg in 6:06, had transition time of 22 seconds and ran 2.5 Kilometers in 8:39. The gold medal of the men’s aquathlon went to Indonesia’s Rashif Amila Yaqini (14:28) while the bronze went to Singapore’s Bryce Sheng Cher Chong (15:39). Remolino’s teammate Joshua Alexander Ramos finished 5th place with 16:14.

On the women’s individual aquathlon, Raven Faith Alcoseba ended up short of capturing the bronze medal as she finished 4th with 17:43 (6:47 in the swim, 26 seconds transition time and 10:30 in the run). The Cebu-based Alcoseba was just ten seconds behind Indonesia’s Dea Salsabila Putri who captured the bronze medal. Alcoseba’s teammate Gene Heart Quiambao ended up at 8th place with 18:30. The gold and silver medals went to Cambodia’s Margot Morokot Garabedian (16:09) and Thailand’s Aisika Kaewyongkod (17:15).  

The Mixed Aquathlon 4X Team Relay will be held this afternoon. Tomorrow, the Men’s Individual Duathlon will start at 6:30 AM while the Women’s Individual Duathlon will take place at 8:30 AM.

On May 8, the Women’s Individual Triathlon will go first at 6:30 AM followed by the Men’s Individual Triathlon at 8:30 AM. The Philippines is aiming for 3-4 gold medals in the triathlon events.

Watch out for more 2023 SEA Games multisport updates right here.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. 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 at https://www.instagram.com/authorcarlocarrasco/.

35,000+ expected to sign up for SEA Games this year

35,000+ expected to sign up for SEA Games this year

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As the anticipation for the 30th Southeast Asian Games (30th SEA Games) grows, the Philippine Southeast Asian Games Organizing Committee (PHISGOC) announced on September 18 that they expected more than 35,000 people to sign up for the biennial sports meet which will open on November 30 and last until December 11.

Logo

According to Alona Quintos (director for accreditation and uniforms), the PHISGOC has received close to eleven thousand applications for accreditation from athlete and officials of the eleven nations participating in the big event.

Already 9,552 have been screened while more than eight thousand personnel have been granted access to the SEA Games. The organizers have been paying close attention to security to make sure that each and every person who got accredited is cleared. Quintos added that pre-valid accreditation cards or PVACs of the eleven national Olympic committees will start printing on September 30.

With regards to media, close to 1,500 personnel composed of journalists, photojournalists, videographers and broadcasters have applied to cover the 30th SEA Games.

So far, the preparation for the SEA Games here in the Philippines is looking good. In fact there were technical delegates from various sports who lauded the local organizers for the preparation and the venues. For one thing, Valson Cuddikotta (technical delegate for athletics) cited the track-and-field stadium in New Clark City as a world-class facility and noted PHISGOC’s efforts to come up with such fantastic venues. Cuddikotta believes the Philippines can conduct any event of the highest magnitude.

Historically speaking, the Philippines hosted the SEA Games in 1981, 1991 and 2005. The very first SEA Games were held in Thailand way back in 1959.

Tickets to the Games

For those who want to watch the SEA Games in person here in the Philippines, the organizers have teamed up with SM Tickets and tickets are being sold at www.SMtickets.com

For SEA Games venue references, click here.

For the official Facebook page of the 30th SEA Games, click here.

Fifteen 2019 SEA Games events in Subic Bay

Fifteen 2019 SEA Games events in Subic Bay

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The Subic Bay Metropolitan Authority announced today that it will soon start its preparation of the facilities and other pieces of infrastructure in relation to its hosting of seventeen events of the 2019 edition of the Southeast Asian Games (30th SEA Games). The Philippines is the host country and the Subic Bay Freeport Zone is undeniably playing a major role.

The 15 sports events assigned to the Freeport Zone by the SEA Games committee are canoe/kayak, TBR dragon boat, chess, muay, duathlon, triathlon, pencak silat, table tennis, aquatics-open water swim, modern pentathlon, sailing, wind surfing, sepak takraw, handball-beach and volleyball-beach. All these details were sourced from the SEA Games organizing committee.

The listed venue for duathlon and triathlon is Boardwalk, Building 229 area.

Very recently I watched the My Daily Collagen Triathlon at Subic Bay which was a nicely organized and fun event. As I’ve personally observed for many years now, Subic Bay is a great destination for sports, tourism, shopping, business and family bonding. It’s no surprise to me that duathlon (run-bike-run) and triathlon (swim-bike-run) are to be held for the SEA Games there.

SEAGlogo

Ramon Agregado, the SBMA Senior Deputy Administrator, stated that their administration expects to being project construction in the first week of March to upgrade existing facilities and turn them into world-class sports accommodations.

“The centerpiece of Subic’s infrastructure development project for the 2019 SEA Games will be the Remy Field. Its present six-lane track will be turned into a nine-lane oval complemented by three practice lanes, as well as shower rooms, dressing rooms and a new, bigger grand stand,” Agregado stated.

The administrator also said that existing venues scheduled for rehabilitation include the SBMA Tennis Court, the Subic Gymnasium and the Subic Bay Exhibition and Convention Center. While undergoing rehabilitation, they will be closed to the public temporarily.

With regards to budgeting, Agregado confirmed that a total of P170 million has been set by the national government for the Subic Bay SEA Games preparation. The SBMA however expects a higher amount to cover the required development. In recent times, the SEA Games budget was reduced by the national government from P7.5 billion to P5 billion.

As a whole, there will be 56 sports, with an estimated 8,750 athletes and team officials; 2,050 technical officials, 1,500 press and media attendees; 12,000 volunteers; targeting more than 500 million viewers; converging, cooperating for the SEA Games this year. The event is set to happen November 30 up to December 11.

For more info visit the official 2019 SEA Games website.

For triathlon and duathlon, visit the TRAP Facebook page.

Thank you for reading. If you find this article to be engaging, please click the like button below and also please consider sharing this article to others. Also my fantasy book The World of Havenor is still available in paperback and e-book format. 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 as well. Also please feel free to visit my Facebook page Author Carlo Carrasco.