Vietnam – Page 6 – Author Carlo Carrasco

Almost 200 local and foreign workers rescued in Pampanga POGO raid

June 17, 2024June 7, 2024carlocarrasco

Recently in the province of Pampanga, elements of the Presidential Anti-Organized Crime Commission (PAOCC), the Criminal Investigation and Detection Group (CIDG), the Special Action Force (SAF) and the local police raided a Philippine Overseas Gaming Operator (POGO) resulting in the rescue of almost two hundred local and foreign workers, according to a Philippine News Agency (PNA) news article.

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

Authorities rescued 187 foreign and Filipino workers in a raid at a Philippine Overseas Gaming Operator (POGO) center in Pampanga province on Tuesday night.

In a report on Wednesday, the Presidential Anti-Organized Crime Commission (PAOCC) said its members together with the Criminal Investigation and Detection Group, Special Action Force and the local police carried out a search warrant operation against the Lucky South 99 compound along Friendship Highway in Angeles City.

The Malolos City Regional Trial Court Branch 14 issued the search warrant against the POGO over reports of human trafficking, torture and scam activities taking place within the establishment.

“Yung reports na nakuha sa atin, initial report for rescue was may mga tinotorture dito. Pinapalo ng mga baseball bat at pinagtatadiyakan dito. Meron tayong isang video na diumano babae na pinagsasayaw dito at pinagpapasahan ng mga bosses (The reports that we received, the initial report for rescue there are persons who are being tortured here. They are struck with a baseball bat and are being kicked. We also have a video allegedly showing a woman dancing and being abused by the bosses),” PAOCC spokesperson Winston John Casio said in a television interview.

Some 158 foreigners, including Chinese, Vietnamese, Malaysians, Myanmar and Korean workers were rescued, together with 29 Filipinos.

Let me end this piece by asking you readers: What is your reaction to this recent development? Are you convinced that more POGOs around the nation should be investigated for potential criminal activities such as torture, prostitution, scamming and hacking? Do you believe it is high time for a nationwide ban on POGOs?

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

Philippines achieves 5.7% economic growth in 1st quarter of 2024

May 23, 2024May 9, 2024carlocarrasco

Recently it was confirmed that the economy of the Philippines grew by 5.7% in the first quarter of 2024 which is noticeably lower than what was achieved in the same time period a year ago, according to a Philippine News Agency (PNA) news article.

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

The Philippine economy grew by 5.7 percent in the first quarter of the year, surpassing other major economies in the region.

In a briefing on Thursday, National Statistician Dennis Mapa said the economic growth during the quarter was higher than the 5.5 percent seen in the last quarter of 2023.

Mapa said, however, it was lower than the 6.4 percent economic growth seen in the first quarter of last year.

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan noted that the Philippine economy continues to demonstrate resilience and growth despite the domestic and external headwinds.

“Despite our challenges on both domestic and international fronts, our economy continues to demonstrate remarkable resilience and growth. This performance retains the country’s position as a leading force among Asia’s emerging economies,” he said.

Balisacan said the first quarter Philippine gross domestic product growth rate is about the same as Vietnam’s, and surpassed other major economies such as China at 5.3 percent, Indonesia at 5.1 percent, and Malaysia at 3.9 percent.

All major economic indicators which include agriculture, forestry, and fishing; industry; and services posted year-on-year growth in the first quarter at 0.4 percent, 5.1 percent, and 6.9 percent.

Household final consumption expenditure and government final consumption expenditure posted lower growth rates at 4.6 percent and 1.7 percent from a year ago’s 6.4 percent and 6.2 percent.

Balisacan said the slowdown in household spending was due to the elevated prices of major food items and the heat wave.

“Meanwhile, government spending also slowed down, primarily due to the sliding of a large amount of expenditure to April this year, whereas the government made such spending in March last year,” he said.

Gross capital formation also posted a lower growth of 1.3 percent from 12.8 percent last year, while imports of goods and services also slowed to 2.3 percent from 4.2 percent.

Growth of exports of goods and services, however, accelerated to 7.5 percent from 1.1 percent in the first quarter of 2023. Balisacan said the growth in exports was mainly driven by the recovery in the exports of electronics products.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the national economy will be able to grow at least 6% in each of the next three quarters? Is it possible that the intense summer heat will make 2nd quarter economic growth smaller?

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

April 15, 2024April 3, 2024carlocarrasco

For this year and 2025, Moody’s Ratings projects the Philippines will end up as the 2^nd 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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A Look Back at Charlemagne #1 (1994)

March 15, 2024March 6, 2024carlocarrasco

Disclaimer: This is my original work with details sourced from reading the comic book and doing personal research. Anyone who wants to use this article, in part or in whole, needs to secure first my permission and agree to cite me as the source and author. Let it be known that any unauthorized use of this article will constrain the author to pursue the remedies under R.A. No. 8293, the Revised Penal Code, and/or all applicable legal actions under the laws of the Philippines.

Welcome back superhero enthusiasts, 1990s arts and culture enthusiasts, and comic book collectors! Today we go back to the mid-1990s to explore a part of Defiant Comics through the Charlemagne series.

For the newcomers reading this, Defiant Comics was a comic book publisher founded by former Marvel Comics and Valiant editor-in-chief Jim Shooter. Defiant was established as a result of Shooter’s departure from Valiant and there were even some creators from the previous company who joined him as staffers in the new company. Defiant’s initial titles were Warriors of Plasm, The Good Guys and Dark Dominion. Charlemagne was part of the second wave of titles launched.

With those details laid down, here is a look back at Charlemagne #1, published in 1994 by Defiant Comics with a story plotted by Jim Shooter, Philip Nutman, Adam Pollina, Deborah Purcell and D.G. Chester, written by Chester and drawn by Pollina.

Early story

The story begins in 1973 in the state of Kentucky. 12-year-old boy Charles has been feeling uneasy since it was reported that his older brother Pete serving in Vietnam has been missing-in-action. The father tries to comfort Charles who responds by asking him if he read Pete’s letters. By reading the letters, Charles paid attention to the details that described Vietnam and he even felt like was he was there. The young boy feels like he could find his missing brother.

A short time later as he and his father play baseball pitching outside, an important telephone call was received by the mother. It was Major Forney from the Pentagon searching for the father to give him updates about his missing son in Vietnam. It turns out the reports from Hanoi did not list Pete among the prisoners held there and chances on finding him are very slim. The father refused to accept his son’s status.

After hearing his father’s phone talk with the major, Charles refuses to believe his brother’s dead and immediately goes up to his room and starts preparing for a daring, solo travel to Vietnam…

Quality

*Incredibly, Charles travels from America to the Philippines by air, then to Vietnam by ship. How he got past security is beyond me.*

If there is anything that would best describe the story of this comic book, it is a pretty enduring tale that moved with a slow-to-medium pace. That’s not to say it is not worth following. In fact, the narrative the writers came up with is quite gripping and as it flows on, you will really get to know the protagonist Charles and witness how his personality develops as he pushes through with his very daring pursuit of his missing brother in the middle of Vietnam.

Indeed, there is a superhero element in this story and the way it was emphasized by the creative team is actually unusual and experimental. The most defining element of Charles’ character is his uncompromising determination to find his older brother no matter what the odds. Without spoiling the plot, I can say that the superhero elements of Charles develop late in the story and the way they were presented is truly intriguing.

Of course, there are some questionable things about the story. Charles’ solo journey (note: he ran away from his parents at home leaving a letter) from America going into Vietnam as a young boy undetected is already unbelievable. His unrelenting search in Vietnam that lasted not days but actually a few years is even more unbelievable. These raises questions as to how much money did the young boy have to support himself with, and where did he stay to rest during the few years he spent in the Southeast Asian nation ravaged by war. If anything, this tale comes with a strong element of fantasy made to look like it happened during the Vietnam War.

Apart from Charles, there are a few supporting characters who happen to be interesting to focus on. Through the one Vietnamese support character – the doctor – you will get to see certain aspects of local society as well as the American and Communist Vietnam sides.

Conclusion

*Charles experiences a taste of luxury in Vietnam.*

Charlemagne #1 (1994) is ultimately an engaging and pretty intriguing read. This comic book’s superhero elements and spectacle are pretty light but the build-up of Charles (and his development into Charlemagne) is quite powerful to read. This tale turns out to be an origin story of Charlemagne and you will realize that when you read it from start to finish. Considering how this comic book turned out, I’m convinced to find out more in the next issue.

Overall, Charlemagne #1 (1994) is recommended.

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Vietnamese national arrested in Parañaque City for illegal drugs

November 30, 2023November 27, 2023carlocarrasco

Recently in the city of Parañaque, a man from Vietnam was arrested by police officers as a result of a successful buy-bust operation, according to a Manila Bulletin news report.

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

A Vietnamese national was arrested by members of the Parañaque City Police Station Drug and Enforcement Unit (SDEU) in a buy-bust operation on Wednesday, Nov. 22.

The Southern Police District (SPD) said the suspect was identified as a certain Le. He was arrested at around 8:85 p.m. along Macapagal Boulevard, Barangay Tambo, Parañaque City.

Recovered from him were five grams of shabu worth P34,000; three plastic sachets containing 18 tablets suspected to be ecstasy worth P30,000, and three grams of powdered ketamine worth P15,000.

The recovered drugs were turned over to the SPD Forensic Unit for quantitative and qualitative analysis.

Let me end this piece by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more foreigners engaging in illegal drugs within your local community?

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

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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

Over 2,700 workers rescued in Las Piñas City

June 29, 2023June 28, 2023carlocarrasco

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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Talisay City’s Hermosa: I didn’t expect to win gold.

May 29, 2023May 25, 2023carlocarrasco

Welcome back my readers and sports fans! The 32^nd Southeast Asian Games in Cambodia are officially over and the Philippines won more gold medals compared to the previous SEA Games and Philippine Olympic Committee President Abraham “Bambol” Tolentino hailed the Filipino athletes for a job well done.

Speaking of gold medals, the Philippines finished in 1^st place in Men’s Individual Triathlon (Fer Casares), Women’s Individual Duathlon (Kim Mangrobang) and the Mixed Aquathlon 4X Team Relay. One of the members of the gold-medalist aquathlon team – Matthew Justine Hermosa of Talisay City, Cebu province – was recently featured in the Cebu Daily News (CDN) in a post-SEA Games article. What he shared in the article should interest you all.

Cebu’s Matthew Justine Hermosa (leftmost) holding the Philippine flag with teammates Iñaki Lorbes, Kira Ellis and Erika Burgos after their gold medal victory in the 32nd SEA Games aquathlon team relay event. *(note: photo sourced from Triathlon Association of the Philippines Facebook page).*

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

Cebuano triathlete Matthew Justine Hermosa said he did not expect to win a gold medal in his first stint in the Southeast Asian Games (SEAG) after he and three other Filipino triathletes topped the mixed relay of the aquathlon event last May 6, 2023, at Kep Beach in Cambodia.

The 18-year-old Talisay City native ruled the mixed relay of the aquathlon event at one hour nine minutes and 56 seconds. Joining him was Kira Ellis, Erika Burgos and Iñaki Lorbes in winning the gold medal.

For Hermosa, it was a fun and challenging experience for him.

“For me, I didn’t expect to win gold, I expected a podium finish like maybe bronze or silver. It was a great bonus to receive and take home the gold medal and adding it to the tally,” said Hermosa.

“It was fun and at the same time it was quite challenging. The pressure from it is very different from our local races. Everyone’s eyes are on you and the expectations are so high. It was indescribable and mixed emotions to have won the gold medal but thankfully we did,” he said.

From left to right: Fer Casares, Kim Mangrobang, Iñaki Lorbes, Erika Burgos, Andrew Kim Remolino and Matthew Justine Hermosa showing their 32nd SEA Games medals upon arrival at the airport. (photo credit: Manila Bulletin)

Hermosa is one of the three Cebuano triathletes who campaigned for the Philippines in the 32nd SEA Games.

The other two were Andrew Kim Remolino who secured a silver medal in the men’s aquathlon and a bronze medal in the men’s triathlon event. Also, 2022 SEA Games bronze medalist Raven Faith Alcoseba competed along with them.

“It was a very challenging race because for aquathlon you have to do a swim of 500 m and after that you have to do a sprint run of 2.5 km. On the swim it was a very big challenge because the waves were so big, the water was so dark and the current was so strong that it would push you back to the shore,” Hermosa recalled.

“But I was fortunate enough to come out of the swim 3rd behind Vietnam and Indonesia, and on the run I was able to catch up with the two and I was able to finish 1st and giving a few seconds gap to my fellow teammates.”

To see the rest of CDN’s article, click https://cebudailynews.inquirer.net/504045/hermosa-cebu-triathlete-on-winning-seag-gold-it-was-fun-challenging-experience

With regards to post-SEA Games events, the Philippines will be sending triathletes to the Asian Games which will happen in China this September-October.

Watch out for more Philippine 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/.

Mangrobang wins 2023 SEA Games Women’s Duathlon gold medal for the Philippines!

May 7, 2023May 7, 2023carlocarrasco

Welcome back my readers and sports fans! This morning at Kep in Cambodia, Kim Mangrobang proved once again that she is still Southeast Asia’s reigning queen of duathlon (run-bike-run) as she won the gold medal in the Women’s Individual Duathlon event of the 32^nd Southeast Asian Games (also referred to as SEA Games and Cambodia 2023). The gold she won was the 10^th gold for the Philippines in the ongoing regional games as of this writing.

*The reigning Southeast Asian Queen of Duathlon Kim Mangrobang with teammate Kira Ellis and the Philippine flag at Kep, Cambodia. (photo credit: Ramon Marchan)*

To put things in perspective, the official results showed that Mangrobang finished the 5 Kilometer run – 20 Km bike – 2.5 Km run event in 1 hour, 4 minutes and 23 seconds (1:04:23). She timed 20:13 in the 5Km run leg, had 23 seconds in Transition 1, completed the 20 Km bike leg in 33:20, had 23 seconds in Transition 2 and completed the 2.5 Km run in 10:04 (note: the fastest run time).

Thi Phuong Trinh Nguyen of Vietnam captured the silver medal in 1:05:12 while Indonesia’s Maharani Azhri Wahyuningtyas ended with the bronze clocking in 1:06:14. Mangrobang’s teammate Kira Ellis – who was part of the gold medal-winning aquathlon relay team – finished at 5^th place with 1:07:11.

*The image from the Facebook post of the Philippine Sports Commission.*

Meanwhile on the Men’s Individual Duathlon, the Philippine duo of Fer Casares (the gold medalist of last year’s SEA Games triathlon along with Mangrobang) and John Chicano (the 2019 SEA Games gold medalist in men’s triathlon) fell short at 5^th and 6^th places. Casares timed 55:18 while Chicano clocked 55:39. Vietnam won the gold followed by Cambodia the silver and Indonesia the bronze.

Going back to Mangrobang, it is clear that her achievement today is a big boost for the Philippines considering the tough competition and the heat in Cambodia. For insight about the previous Women’s Duathlon gold medal she won in the previous SEA Games in Vietnam, click my related blog post at https://carlocarrasco.com/2022/05/15/mangrobang-wins-another-gold-medal-for-the-philippines-at-the-31st-sea-games/

For the newcomers reading this, if you want to get to know Mangrobang even more, read my feature article of her by clicking https://carlocarrasco.com/2020/02/01/meet-southeast-asias-reigning-triathlon-queen-kim-mangrobang/

Mangrobang’s duty is not over yet as she will be racing in the Women’s Individual Triathlon tomorrow morning at 6:30 AM. We will find out if she can win another SEA Games triathlon gold medal for the Philippines. The Men’s Individual Triathlon will follow at 8:30 AM.

For the Philippine readers, the multisport enthusiasts and the faithful people reading this, be thankful to the Lord for today’s gold medal victory, honor Him and know that with Him, nothing is impossible. Learn from the holy scriptures below…

Oh, give thanks to the Lord, for He is good!

For His mercy endures forever.

1 Chronicles 16:34 (NKJV)

But Jesus looked at them and said to them, “With men this is impossible, but with God all things are possible.”

Matthew 19:26 (NKJV)

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

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Philippines wins gold in the 32nd SEA Games Mixed Aquathlon 4X Team Relay event

May 6, 2023May 6, 2023carlocarrasco

Today at Kep in Cambodia, the multisport squad composed of Erika Burgos, Iñaki Emil Lorbes, Kira Ellis and Matthew Justine Hermosa won the gold for the Philippines during the Mixed Aquathlon 4X Team Relay event of the 2023 Southeast Asian Games (also referred to as SEA Games and Cambodia 2023). This big victory happened hours after the silver medal victory of Andrew Kim Remolino in the men’s individual aquathlon and it added to the growing number of gold medal victories for the Philippines. Specifically, the mixed aquathlon team relay victory is the 7^th gold for the nation in the ongoing regional games as of this writing.

*The pose of victory at the SEA Games in Cambodia. (note: photo sourced from Triathlon Association of the Philippines Facebook page).*

To put things in perspective, the official results showed that the Philippines finished first with an overall time of 1 hour, 9 minutes and 56 seconds (1:09:56). In terms of breakdowns, the Filipino multisport squad scored 16:20 in Leg 1, 19:21 in Leg 2, 16:16 in Leg 3 and 17:59 in Leg 4 of the Mixed Aquathlon 4X Team Relay event. The way the results were presented online, it was not made clear which team member participated per leg.

Meanwhile, Indonesia captured the silver medal in 1:11:27 while the bronze went to Vietnam which finished in 1:13:29. Host nation Cambodia finished at 7^th place with 1:26:41.

Considering what the Philippines achieved today in the inaugural SEA Games aquathlon events, it is essential to thank and honor the Lord for the silver and gold medals won.

I will praise the name of God with a song,

And will magnify Him with thanksgiving.

Psalm 69:30 (NKJV)

Keep on giving your thanks to God, for he is so good! His constant, tender love lasts forever!

Psalms 118:1 (TPT)

As mentioned before, the competition in this edition of the SEA Games is tough and there is still a long road ahead for the Philippines to win as many gold medals as possible. To overcome the challenges and obstacles, faith in the Lord is essential.

I can do all things through Christ who strengthens me.

Philippians 4:13 (NKJV)

From this point on, the Philippines will proceed with its quest for gold in the Men’s Individual Duathlon which will start tomorrow at 6:30 AM and also in the Women’s Individual Duathlon which is set to 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.

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

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Cambodia a potential new source of rice for the Philippines

February 8, 2023February 3, 2023carlocarrasco

While living here in the Philippines doing your daily chores and fulfilling other objectives, do you still remember how much money did you spend buying rice grain for your household over the last six months? Do you find the current prices of rice expensive nowadays? As far as rice is concerned, the nation of Cambodia could become the next new source of rice grain for the Philippines, according to a news article published by the Philippine News Agency (PNA).

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

Cambodia is exploring opportunities to directly export rice to the Philippines, offering an alternative and cheaper source of rice for the country.

Department of Trade and Industry (DTI) Secretary Alfredo Pascual met with a Cambodian delegation on Thursday, led by chief executive officer of the state-owned Green Trade Company Chan Sokty and the president of the Cambodia Rice Federation Okhna Chan Sokheang.

Green Trade is the counterpart of DTI’s Philippine International Trading Corp. (PITC).

The Cambodian delegates are also exploring exporting rice through a government-to-government arrangement between Green Trade and PITC.

“They are still in the fact-finding stage. They are surveying our markets,” Pascual told reporters.

Pascual said Cambodia has a rice surplus of 50 percent of its total rice production, and the Southeast Asian country intends to sell it directly to neighboring countries and also in Europe.

Cambodian rice can enter the Philippine market at 35 percent tariff rate.

Pascual added the Cambodian delegates said they can commit to supply 3 million metric tons of rice to the Philippines, which is the level of imported rice by the country in 2022.

Earlier, Go Negosyo founder and ASEAN Business Advisory Council chair Joey Concepcion said Cambodia expressed intention to directly export unmilled rice to the Philippines on the sidelines of the ASEAN Summit in November 2022.

Concepcion then said Cambodia exports unprocessed rice to Vietnam, wherein the country processes the rice before exporting to other countries like the Philippines.

More than 80 percent of the country’s rice imports are sourced from Vietnam, according to the Bureau of Plant Industry.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think rice imported from Cambodia will surely bring down the local rice prices?

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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