Tag: tourism

Philippines And Vietnam Agree To Strengthen Tourism Cooperation And Improve Air Connectivity

Philippines And Vietnam Agree To Strengthen Tourism Cooperation And Improve Air Connectivity

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Let’s be clear here. The Philippines has been a poor competitor on international tourism and it has been left behind by several of its Southeast Asian neighbors (for reference click here and here). When it comes to Vietnam, there are more Filipinos who visited that country while the Philippines could not attract an equal number of Vietnamese visitors. Filipino interest on visiting Vietnam is also very strong.

For the year 2025, the Philippines attracted only 5.94 million foreign tourists while Vietnam attracted a record-high 21.2 million foreign tourists.

During the recent state visit of Vietnam President To Lamb here in the Philippines hosted by President Ferdinand “Bongbong” Marcos, Jr., a key agreement was made between them to enhance tourism cooperation and improving air connectivity for the next three years, according to a news article by the Philippine News Agency (PNA).

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

The Philippines and Vietnam have agreed to strengthen tourism cooperation and improve air connectivity following the signing of a Tourism Cooperation Program covering 2026 to 2029.

President Ferdinand R. Marcos Jr. said both countries would work to increase flight frequencies and facilitate greater tourism exchanges.

The move comes as Vietnam has become one of the fastest-growing destinations for Filipino travelers, while arrivals from Vietnam to the Philippines have also continued to rise.

“Building upon a strong performance in 2025, which saw nearly half a million Filipino travelers going to Vietnam and a rising number of Vietnamese tourists coming to our shores, we have agreed to work closely to enhance air connectivity and increase commercial flight frequencies,” Marcos said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the new agreement made between the Philippines and Vietnam will lead to more foreign travelers benefitting both countries? Do you think that European travelers who transit through Vietnam’s international airports will eventually make their way to the Philippines in greater numbers? Do you believe that the Vietnamese have any great interest in visiting the Philippines?

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

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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

What To Watch On YouTube Right Now – Part 140

What To Watch On YouTube Right Now – Part 140

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Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching.

Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 Retro Videos Of Scary Movie (2000) – Some of you might be aware that a brand new Scary Movie (2026) is coming out very soon. Although it’s nice to see Anna Faris and the Wayans brothers in the trailer of the new movie, I am not very motivated to see it. That said, I am more nostalgic about the original Scary Movie of 2000 and that film is significant as there are many retrospective videos about it in YouTube. As such, I posted below the selected videos of Scary Movie (2000) for your enjoyment.

#2 How Tekken 3 Was Made Possible On PlayStation – When I first played Tekken 3 in the arcades in 1997, I was already an avid fan of Tekken 2 which I played a lot on the PlayStation console. Back then, I wondered how Namco would be able to port Tekken 3 on PlayStation are the arcade version had much more powerful hardware. A year later, Tekken 3 was released on PlayStation and I played it a lot. The more I played it, the more impressed I was with how the game looked and felt on PlayStation. Not only that, Tekken 3 on PlayStation had features that the original arcade version did not offer. To find out how Namco made the “impossible port” of Tekken 3 using the PlayStation’s aging hardware, watch the video below.

#3 1990s NBA Plays That Are Still Great To Watch – Remember how exciting NBA basketball action was back in the 1990s? It was during the 1990s when the NBA became a global phenomenon, when the NBA had such super stars like Michael Jordan, Reggie Miller, Charles Barkley, Shaquille O’Neal and others who made great basketball plays. Back in those days, the Internet was slowly emerging and there obviously was no social media to amplify the great NBA moments. Posted below is a video that looks back at sixty great NBA plays that would have rocked the world had social media existed much earlier.

#4 Lunch At Ginza – Have you ever been to Ginza when you visited Japan? For the newcomers reading this, Ginza is the premier upscale district in Tokyo famous for shopping, fine dining and entertainment. Believe it or not, there are places in Ginza where visitors can have lunch at affordable rates and be satisfied. Watch and learn from the Nippon TV video below.

#5 You, Me And The Movies React To Resident Evil: Degeneration – When the computer-generated movie Resident Evil: Degeneration was released in 2008, it created a lot of buzz for the dedicated fans of the Resident Evil video games, particularly those who followed the iconic characters Leon Kennedy and Claire Redfield (the Resident Evil 2 characters). The limited theatrical releases did not stop the movie from achieving good box office numbers and it went on to sell a lot on DVD and Blu-ray later. But has the movie aged well and does anyone here enjoy it more than the live-action Resident Evil movies of Milla Jovovich? Watch the reaction video below and observe how it impacts You, Me and the Movies.

#6 Shoplifting Rampage By Hijabi Muslim Goes Very Wrong – Did you notice any woman wearing a hijab who engaged in theft lately? Overseas, someone committed shoplifting and things went very wrong. If you manage a store or if you care much about preventing the crime of theft from happening, you better watch the video below and pay close attention to the details. Do not let the Islamists manipulate you and never let them terrorize you.

#7 Origin of The Jackal – You ever heard of The Jackal in comic books? The Jackal is one of Spider-Man’s super villains and he is involved in one of the most tragic events of the icon’s life and also in the sagas about clones. Veteran creator J.M. DeMatteis called the Jackal as “a terrific villain.” To get to know more about the Jackal, watch the video below.

#8 Rhetorical Thrill Reacts To Toy Soldiers – Remember back in the 1990s when there was a slew of action or adventure films with terrorists as the antagonists? This was the so-called “Die Hard effect” in reference to the 1988 classic action film that starred Bruce Willis. In 1991, the movie Toy Soldiers was released and it was about an all-male boarding school that got occupied by terrorists, and only a group of rebellious students can achieve a breakthrough. Recently, Rhetorical Thrill posted her reaction video about Toy Soldiers and it is entertaining to watch.

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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA Adjusts Bidding Timeline For Subic Bay International Airport

SBMA Adjusts Bidding Timeline For Subic Bay International Airport

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With the window remaining open for bidders to challenge Cerberus’ unsolicited offer for the Subic Bay International Airport (SBIA), the Subic Bay Metropolitan Authority (SBMA) officially adjusted the bidding timeline, according to a news report by the Manila Standard. Previously, the SBMA announced a Swiss challenge for the airport development project.

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

The Subic Bay Metropolitan Authority (SBMA) is inviting rival bidders to challenge the unsolicited offer of Cerberus Asia Pacific Investments LLC for the P6.2-billion Subic Bay International Airport (SBIA) development project.

In a recent bid bulletin, the SBMA announced that the issuance and availability of tender documents has been rescheduled to June 17, 2026, moving back from its initial May 18, 2026 timeline.

“The extension ensures technical specifications, financial parameters, and contractual frameworks are comprehensive, accurate, and clear,” the SBMA said.

“This adjustment protects the integrity of the Comparative Challenge process and ensures an equal footing for all participants. No prejudice is caused to any party as documents have not yet been released,” it added.

The asset-management firm Cerberus originally submitted its unsolicited proposal on March 26, 2025, under an Operate-Rehabilitate-Add-Transfer scheme.

The project spans a 25-year concession period—with a possibility for extension—and involves upgrading, expanding, operating, and maintaining the SBIA before its eventual turnover to the SBMA.

The primary goal is to transform the airport into a modern, high-capacity cargo hub that meets international standards and streamlines logistics across the Luzon region.

The comparative challenge will operate under a “right-to-match” mechanism in accordance with the PPP Code Implementing Rules and Regulations (IRR).

The original proponent will be given 30 calendar days to match or top the most superior proposal submitted by a challenger. If no challengers emerge, or if the original proponent submits a superior counter-offer, the contract will be awarded to Cerberus.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think several corporate entities overseas will eventually challenge Cerberus’ bid for the Subic Bay International Airport?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Malaysia Now Has Little Caesars

Malaysia Now Has Little Caesars

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Recently in Malaysia, the most-visited Southeast Asian country in the first quarter this year, Little Caesars opened its first outlet in the country marking its ongoing global expansion, according to a VnExpress news report.

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

Little Caesars, the world’s third-largest pizza chain only after Domino’s and Pizza Hut, has opened its first outlet in Malaysia, marking the brand’s global expansion.

The new outlet was launched on May 24 in Damansara Utama, a suburb of Petaling Jaya in Selangor.

The outlet serves Little Caesars’ signature Hot-N-Ready classic pepperoni pizza and crazy puffs pepperoni, while also incorporating localized offerings such as Chicken Hawaiian, 3 Cheese Edge to Edge, and Classic Veggie pizza, the chain said in a statement.

The chain is known globally for its affordable pizzas, Crazy Bread, and quick grab-and-go style meals.

Little Caesars, billed as the “Best Value in Pizza,” was founded by Mike Ilitch and Marian Ilitch as a single family-owned restaurant in 1959 and is headquartered in Michigan. It has since grown into the world’s third-largest pizza chain, operating restaurants across all 50 U.S. states and 31 countries and territories.

Let me end this piece by asking you readers: What is your reaction to this development? If you were to visit Malaysia today, would you make an effort to visit Little Caesars and have a meal there? If you have dined at Little Caesars before, what is your favorite among their food offerings? Do you think Little Caesars will be able to do good business in Southeast Asia?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

What To Watch On YouTube Right Now – Part 139

What To Watch On YouTube Right Now – Part 139

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Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching.

Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 Maximum Carnage Revisited – With Spider-Man, Venom and Carnage all in high demand in 1993, Marvel Comics launched the 14-part Maximum Carnage storyline published on the four Spider-Man monthly comic book series and the quarterly Spider-Man Unlimited series. Carnage back then was a still new super villain who is more insane and more bloodthirsty than even Venom. Maximum Carnage has a divisive reception among fans and comic book collectors. Some called it the worst Spider-Man storyline while others found it exceptional as the chaos in New York City attracted other Marvel superheroes – notably Captain America – to help Spider-Man solve the crisis. Regardless of opinion, Maximum Carnage made an impact on pop culture and it got its own official video game adaptation. To discover more about Maximum Carnage in comics and in video game form, watch and learn from the videos below.

#2 The World’s Largest Truck Stop Diner – While I have visited the United States a number of times since 1989, I never had the opportunity to spend time at a truck stop diner nor have I ever experienced traveling long distances in a truck. Having seen truck stop diners (or rest places for truckers) on videos and on TV, I noticed those places have a unique vibe, its own culture and assorted meals customers can enjoy. As such, I urge you to watch the video below and pay attention to the details.

#3 You, Me And The Movies React To Scary Movie (2000) – In November of 2000, I saw Scary Movie in the local cinema here in the Philippines and almost all the seats were filled. That film was released in America in July that same year and it became a surprise box office hit. Even though it was not heavily promoted here in the Philippines, it still attracted a lot of local moviegoers upon opening. Regardless, the Keenen Ivory Wayans-directed movie was a mature parody of varied horror movies (notably the Scream and I Know What You Did Last Summer movies) and its success made Anna Faris popular. Local moviegoers who enjoyed American Pie had their enjoyment watching Shannon Elizabeth again. Now that the movie is over a quarter-century old, one has to wonder if it still has the power to entertain viewers, especially those who missed out on it. That said, you should watch the reaction video of You, Me and the Movies below.

#4 Ashleigh Burton Reacts To Patriot Games – Recently, Ashleigh Burton posted her reaction video of the 1992 movie Patriot Games starring Harrison Ford as Jack Ryan. For context, Patriot Games was the cinematic sequel to The Hunt For Red October and both were based on novels by Tom Clancy. At the time of Patriot Games’ release, there was some buzz and even debates about Harrison Ford’s portrayal of Jack Ryan, especially when compared to Alec Baldwin’s take on the same character in the 1990 film. How Ashleigh Burton reacts to Patriot Games is a must-see.

#5 Bears Cause Trouble In Japan Again – Recently in Japan, bears are causing trouble once again and there was one person who got attacked. As there is still a lot of forests and untouched land in Japan, bears are present and arguably multiplying. From time to time, bears come out of the woods and appear in places where people dwell. As such, there is a lot for you to learn about them and you can stay safe in Japan by watching the Nippon TV video below.

#6 Why Gamers Stopped Buying Games At Full Price – Are you a hardcore gamer who got so disappointed with the current state of gaming that you decided to refrain from buying video games at full price? You definitely are not alone. In my experience as an Xbox gamer, I got very turned off by the changes made by Team Xbox as well as the quality of their high-profile first-party games of the past two years, I decided to go for bargains and retro gaming. I also extended my patience for brand new games to drop their prices first before I could even consider buying them. The video posted below explains in detail how the gaming landscape shifted and how the behaviors of gamers have changed which should concern every video game company that invested so much on making new video games. Watch it and pay attention to the details.

#7 Minty Comedic Arts’ Revenge Of The Nerds Trivia Video – During the early stages of the COVID-19 pandemic, Minty Comedic Arts posted his trivia video about the 1984 raunchy comedy classic Revenge of the Nerds. Directed by Jeff Kanew and starring the late Robert Carradine, Anthony Edwards, Ted McGinley and Julia Montgomery, the movie follows a group of socially awkward students who are compelled to form their own fraternity after getting harassed and bullied by a dominant fraternity. Filled with adulterated gags, funny dialogue and memorable character moments, Revenge of the Nerds was a commercial success and it spawned three sequels. The story behind the movie’s production is filled lots of details that are worth exploring and you can learn all about those by watching Minty Comedic Arts’ trivia video below.

#8 The Forgotten Cartoons Based On Video Games – You may have played the video games of Tomb Raider, Darkstalkers, Wing Commander, Mutant League and Bubsy. But have you seen the cartoon shows based on them? Indeed, there were animated adaptation of the said games and not too many gamers remember them. That said, you have to see GoodBadFlicks’ video about them now.

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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Chinese National Gets Banned By Thailand After Causing Damage At Suvarnabhumi Airport

Chinese National Gets Banned By Thailand After Causing Damage At Suvarnabhumi Airport

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Recently in Thailand, the authorities permanently banned a Chinese national who caused damage on two automated immigration gates at Suvarnabhumi Airport, according to a VnExpress news report.

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

A Chinese tourist has been permanently banned from re-entering Thailand after allegedly damaging automated passport control gates at Suvarnabhumi Airport, Southeast Asia’s second largest airport by land area.

The 30-year-old man, identified as Zheng Liwei, was accused of vandalizing two automated immigration gates at the airport on Wednesday while attempting to clear passport control for a flight back to China, Bangkok Post reported.

According to reports, Zheng became increasingly agitated after repeatedly failing to complete the airport’s automated screening process.

Video footage circulating online appears to show him slamming his passport against the scanner before kicking the glass barriers and forcing his way through the checkpoint.

Immigration officers quickly intercepted the man after he allegedly crossed the gate without authorization, police told local media outlet The Nation.

Airport security officers, assisted by the man’s wife, later restrained him after he allegedly shouted abuse in both Chinese and English and attempted to assault immigration personnel.

He has been charged with property damage, an offense punishable by up to three years in prison, a fine of up to 60,000 baht (US$1,800), or both.

Zheng also faces a separate charge of insulting a public official while on duty, which carries a penalty of up to one year’s imprisonment, a fine of up to 20,000 baht, or both.

Thai immigration authorities have revoked his visa and placed him on a permanent blacklist, effectively banning him from re-entering the country.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the authorities in Thailand made the correct responses to the Chinese national? Did you ever witness a fellow foreign traveler causing trouble at an airport while you traveled overseas over the past six months? Have you ever been to Suvarnabhumi Airport?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

What To Watch On YouTube Right Now – Part 138

What To Watch On YouTube Right Now – Part 138

carlocarrasco

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching.

Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following videos I found.

#1 How To Get The Strongest And Most Optimized Spaceship Crew In Starfield – This year, Bethesda launched several important updates to make their 2023 science fiction role-playing game Starfield better and they also offered new DLC for those who crave for new content. One of the more defining aspects of the game is space travel and this includes setting up your own crew for your spaceship and there is impact on its functions and capabilities. If you want to learn how to get the stronger and most optimized crew for your ship, I encourage you watch the video below.

#2 Mari Iijima And The Defining Song of Macross: Do You Remember Love? – I really love watching the 1984 anime feature film Macross: Do You Remember Love? Apart from the great animation, the spectacle, the memorable characters and the solid storytelling, the movie also has a great soundtrack made to delight the long-time Macross fans. Still, the movie has its very own song performed by none other than Mari Iijima (Minmay) and it is a classic among Macross fans. In the videos below, you will see Mari Iijima perform the song live in a 1980s TV broadcast and the song playing with selected footage of Macross: Do You Remember Love? Enjoy these!

#3 The Tuna City In Japan Is Changing With Tourism In Mind – If you plan to visit Japan at all, you might want to discover Miura City located in Kanagawa Prefecture. Miura City is famous for its fresh tuna and in recent times there has been a series of changes as several room-only hotels and new trends have sprouted as the locality is finding new ways to turn visitors into overnight guests. This is a place I would like to visit someday if ever I get the opportunity to return to Japan. Watch and learn from the Nippon TV video below.

#4 Women’s Rights Activist Marries Islamist And Things Went Wrong – Did you notice that there is a gradual rising number of feminists and women’s rights activists who not embrace Islam (wicked and ugly) but also marry Islamists believing that things will be alright and they can just continue their activism. Of course, many of them activists and feminists do not fully understand Islam nor the full content of the Quran. As such, when things go very wrong, they are get into deep trouble. Watch and learn from the video below.

#5 Islamists Violate Hindu Women In India And Get Arrested – Let’s be very clear here. Islamists are oriented to conquer others even though they may not be numerous within a locality. Believe it or not, a group of such people who wielded power inside a business violated the Hindu women (plus at least one male employee) with regards to cultural norms and doing things that go against their faith. Even forced religious conversion happened. Watch and learn from the video below.

#6 Meatballs Reaction And Retrospective – When it comes to cinematic comedy, Bill Murray is iconic and his early work in 1979’s Meatballs already involved the late Harold Ramis and the late director Ivan Reitman. That said, there is something about Meatballs – produced for less than $2 million – that helped it achieve tremendous commercial success with ticket sales of $70 million. Remember, three of the creative minds behind the classic Ghostbusters are involved in this old movie and you will see how You, Me and The Movies react to it in the video below. Be aware that as of this writing, there are not too many movie reaction videos about Meatballs on YouTube. Also posted below is an in-depth retrospective about Meatballs by GoodBadFlicks.

#7 Ashleigh Burton Reacts To The Thin Man – Have you ever heard of The Thin Man? It’s not a UFO reference. It’s the 1934 American pre-Code comedy-mystery movie that was eventually named to the United States National Film Registry by the Library of Congress having been deemed “culturally, historically, or aesthetically significant” in 1997. Apart from its reputation in American film history, The Thin Man also resulted in five sequels. If you want to discover the 1934 movie but you don’t have the time nor resources to watch the movie, watch Ashleigh Burton’s reaction video and see how it impacts her.

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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Filinvest Development Corporation’s Net Income Reaches P3.9 Billion In 1st Quarter Of 2026

Filinvest Development Corporation’s Net Income Reaches P3.9 Billion In 1st Quarter Of 2026

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As there are lots of signs of a weakening Philippine economy connected with higher fuel prices and accelerating inflation, Filinvest Development Corporation (FDC) achieved growth in the first quarter this year with its net income reaching P3.9 billion, according to a news report by the Manila Bulletin.

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

Filinvest Development Corp., the holding company of the Gotianun family, reported an eight percent increase in attributable net income to ₱3.9 billion for the first quarter, as robust performances in its banking and real estate divisions mitigated the sharp downturn in its power business.

The firm reported to the Philippine Stock Exchange that its consolidated net income grew by seven percent to ₱4.8 billion from ₱4.5 billion in the first quarter of 2025.

Total revenues and other income for the first quarter of 2026 rose by five percent versus the same period in 2025 to ₱30.8 billion.

The increases in revenues and other income by business segment were: Banking, 12 percent to ₱15.6 billion; Real estate, 16 percent to ₱7.9 billion; and Hospitality, 0.8 percent to ₱1.2 billion. Power declined by 28 percent to ₱3.6 billion.

“Business results were mixed: Real Estate and Hospitality showed resilience against macroeconomic pressure while for others, profits were flat or experienced decreases versus a year ago,” said FDC President and CEO Rhoda A. Huang.

She noted that, “We are facing the challenges with resolve to achieve revenue and profit growth in 2026, despite increasing inflation and weakening GDP growth, through astute strategies and persistence of our organization.”

Banking unit EastWest Bank’s (EW) top-line growth was driven by increased loan volumes and effective management of funding costs, resulting in a 20 percent rise in net interest income (NII) to ₱11.1 billion.

Non-interest income was affected by trading performance amid volatile market conditions, but this was partially offset by an eight percent growth in fee-based income.

FDC’s Real Estate business, composed of Filinvest Land, Inc. (FLI), Filinvest Alabang, Inc. (FAI), and Filinvest REIT Corp. (FILRT), recorded a 16 percent revenue increase to ₱7.9 billion due to stronger residential and commercial lot sales.

Residential sales increased by 28 percent, driven by sustained sales of ready-for-occupancy units and a higher percentage of completion for various residential projects. Mall and rental revenues remained steady with slight gains in occupancy and foot traffic.

The Power subsidiary, FDC Utilities, Inc. (FDCUI), reported total revenues and other income of ₱3.6 billion for the first quarter of 2025 due to a notable decrease in spot market sales and lower coal cost passthrough rates. This was mitigated by reduced costs resulting from lower sales volume.

Revenues from hotel operations under Filinvest Hospitality Corporation (FHC) remained consistent with the previous year’s level, supported by higher average room rates and enhanced contributions from the Food and Beverage (F&B) segment across its portfolio.

The Banking segment was the largest contributor to revenue and other income for the first quarter of 2026, representing 51 percent of the conglomerate’s total.

Real Estate and Power followed with contributions of 26 percent and 12 percent, respectively. The Hospitality segment accounted for four percent of revenues, while the remainder was attributed to other business units.

Let me end this post by asking you readers: What is your reaction to this recent development? Considering the current state of the economy of the Philippines today, how do you think Filinvest Development Corporation will be able to perform financially in this current quarter and the next quarter?

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 @CarloCarrascoPH 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 engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Malaysia Is The Most-Visited Southeast Asian Country In 1st Quarter Of 2026

Malaysia Is The Most-Visited Southeast Asian Country In 1st Quarter Of 2026

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When it comes to attracting foreign tourists in the first quarter of this year, Malaysia is number one with 10.6 million tourists attracted and that is more than a million ahead of 2nd placer Thailand, according to a news report by VnExpress. It is recalled that Malaysia counted 42.2 million international visitor arrivals in 2025, and it will host the Southeast Asian Games (SEA Games) in 2027.

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

Malaysia welcomed 10.6 million tourists in the first quarter of this year, up 5% year-on-year, reinforcing its position as the most visited country in Southeast Asia.

Tourism, Arts and Culture Minister Tiong King Sing said arrivals continue to grow despite the ongoing conflict in the Middle East, according to Malay Mail.

“Although there is a dip in tourists from the Middle East, there is a slight increase in the number of tourists coming from Asian and European countries,” he said.

Thailand, traditionally the region’s favorite, ranked second after receiving 9.3 million arrivals between January and March, a slight year-on-year decrease of 2.3%, Bangkok Post reported.

Vietnam welcomed 6.76 million foreign tourists in the first quarter of 2026, marking the highest quarterly figure ever recorded and a year-on-year increase of 12%, according to the General Statistics Office.

Malaysia has emerged as one of Southeast Asia’s tourism bright spots in recent years, supported by flexible visa policies and infrastructure improvements.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Malaysia will be able to attract 47 million foreign tourists by the end of 2026? If you have visited Malaysia before, what do you think makes it very attractive to foreigners?

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

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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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

More Financial Relief For Stakeholders Of Subic Bay Being Considered By SBMA

More Financial Relief For Stakeholders Of Subic Bay Being Considered By SBMA

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Following the temporary reduction of fees and added support for clients in the port of Subic Bay, the Subic Bay Metropolitan Authority (SBMA) announced that it is considering more financial relief to the stakeholders. A public consultation was recently held at the Subic Bay Exhibition and Convention Center (SBECC).

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

The Subic Bay Metropolitan Authority (SBMA) is undertaking more financial relief measures for its stakeholders as discussed in a public consultation at the Subic Bay Exhibition and Convention Center (SBECC) here on May 11, 2026.

SBMA Senior Deputy Administrator for Support Services Atty. Ramon O. Agregado said that these temporary measures, stipulated in Board Resolution No. 26-04-1768, and approved on April 21, extend financial relief to affected Subic Bay Freeport Zone (SBFZ) stakeholders. This action responds to Executive Order No. 110 by President Ferdinand Marcos, Jr., which declared the entire country under a State of National Energy Emergency.

These measures include a 50% reduction in the Road Users’ Fee (RUF); the suspension of the Environment and Tourism Administrative Fee (ETAF); free renewal of SBMA IDs in electronic ID (e-ID) format for SBF workers; a reduction of fees for renewing SBMA IDs in physical card format; and the implementation of the Economic Relief Assistance Program (ERA 4) for locators here.

Agregado said that the RUF is imposed only on Class 3 vehicles such as trucks, heavy equipment, and other vehicles except mass transit buses with a 45-passenger seating capacity, that utilize the road on a daily, monthly, or annual basis to partially recover the cost of repairing and maintaining the SBF road network.

“Please note that the RUF has not been adjusted since 1997 despite inflation and the fact that the prices of services and materials have increased numerous times throughout the years. Notwithstanding the above, the SBMA Board of Directors likewise approved in the same Resolution to defer the implementation of the programmed increase or adjustment of the RUF,” he added.

Meanwhile, ETAF, which covers all guests with short-term stays in SBFZ Accommodation Establishments, is suspended. These establishments include hotels, inns, daily rental housing facilities, condotels, and all other such establishments.

Other tourism establishments include restaurants, wellness centers, massage and health spas, golf courses, beach resorts, and theme parks, and all other tourism-related establishments, except duty-free shops and retail stores.

“The SBMA Board of Directors, through Resolution No. 26-04-1789, approved the temporary suspension of ETAF payments effective 24 April 2026. The same Resolution provides that the temporary suspension of ETAF payments shall remain in effect until otherwise lifted or modified by the SBMA Board of Directors,” Agregado said.

He added that to provide tangible financial relief specifically targeted to and in support of SBF workers, SBMA is launching the SBMA e-ID for renewals and temporarily waiving renewal fees for workers who opt for the e-ID instead of a physical card.

The Board also approved, through Resolution No. 26-04-1788, the temporary adjustment or reduction of the fee for the renewal of the SBMA ID of SBF workers who opted for a physical card instead of the e-ID format, from ₱200.00 to ₱130.00. This adjustment shall be effective upon receipt of a positive review by the Office of the Government Corporate Counsel.

The Board has also approved the ERA4 through Resolution No. 26-04-1784, allowing SBF locators a 50% deferral of payment for monthly lease rental/sublease share billing for a maximum period of six months, starting in May 2026.

“Locators will be allowed to pay half of their monthly billing without penalty for late payment for billings issued by the Accounting Department from May to October 2026, provided they have no past-due accounts as of April 30, 2026,” the SBMA official said.

The 2026 Middle East war has triggered the largest global oil supply disruption in history, with over barrels per day lost in March due to the closure of the Strait of Hormuz. Fuel prices have skyrocketed—jet fuel doubled in price by April—causing severe shortages, rationing in Asian nations like Sri Lanka and the Philippines, and widespread economic fallout.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the SBMA’s moves of providing financial relief to stakeholders is aggressive and very timely? Do you think the suspension of the ETAF will be a huge benefit for hotels, inns, condotels and daily rental housing facilities within the freeport? With the recent changes made by the SBMA, do you think more foreign investors will be convinced to invest in Subic Bay Freeport Zone soon?

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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco