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https://totalgeekdom.com/?p=9228

America Points At Corruption Anew As Barrier To Trade And Investment With The Philippines

While the Philippines continues to be active on attracting investments from around the world, it still has yet to wipe out the plague of corruption which remains a persistent challenge in the private and public sectors. That being said, the United States pointed to the corruption as a major barrier to trade and investment with the Philippines, according to a Manila Bulletin news report. This is not the first time America noticed Philippine corruption in relation to economics.

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

The United States (US) has once again flagged corruption as a major barrier to trade and investment with the Philippines, as recent efforts to clean up regulatory and judicial processes have failed to yield positive results.

In this year’s National Trade Estimate (NTE) report, the Office of the US Trade Representative (USTR) said corruption continues to be a “pervasive and longstanding problem” in doing business in the Philippines. The report was released on Tuesday, March 31.

This year, unlike last year’s NTE report, the USTR specifies that corruption remains a persistent challenge in both the private and public sectors.

“National and local government agencies, for example the Bureau of Customs (BOC), are beset with various corruption issues, including allegations of overt bribery,” it said.

The USTR said attempts by the BOC to address customs and corruption concerns continue to fall short, as reports of corruption and irregularities in customs processing remain widespread.

In particular, US businesses are complaining about incidents of undue and costly delays, irregularities in the valuation process, exhaustive inspection and testing of some products, and inconsistent assessment of fees.

The USTR also called out the “lack of transparency in judicial and regulatory processes,” which ultimately undermines efforts to address corruption.

The agency is urging the Philippine government to deal with corruption once and for all, warning that it may impact trade and investment flows between the two longtime allies.

“If left unchecked, bribery and corruption can negate market access gained through trade negotiations, frustrate broader reforms and economic stabilization programs, and undermine the foundations of the international trading system,” the USTR said.

Despite the Philippines’ efforts to strengthen its intellectual property (IP) protection and enforcement, the USTR said the US remains dissatisfied with “inconsistent enforcement activities.”

“Stakeholders report issues with online piracy and sales of counterfeit goods, including apparel, shoes, watches, jewelry, perfume, and electronics,” it said.

Issues involving counterfeiting and piracy led to the continued inclusion of Greenhills Shopping Center in the 2025 Review of Notorious Markets for Counterfeiting and Piracy, or the USTR’s Notorious Markets List, released last month.

The government’s efforts to combat issues involving IP rights are weakened by the slow prosecution and conviction of cases, the USTR said.

Further, the USTR said that the US has concerns about the Philippines’ laws regarding the protection of internationally recognized labor rights, as well as the enforcement of labor laws.

The USTR noted that the Philippines currently does not have a ban on the importation of goods produced with forced or compulsory labor, which earlier prompted the agency to investigate the country along with 59 other economies.

Meanwhile, the agency also raised its objections to the country’s persistent problem with wildlife trafficking, which undercuts regulated trade in wildlife products and may lead to the contamination of global supply chains that would ultimately reach US consumers.

Without sufficient measures in place, the USTR said these market-distorting practices may weaken the trading relationship between the US and the Philippines.

“The Philippines has not entered into an Agreement on Reciprocal Trade with the US that includes commitments to address these distortions,” it said.

Philippine imports to the US, minus some exemptions, are subject to a 10-percent global tariff. This is lower than the 19-percent tariff imposed on such goods during the second half of last year.

Unlike countries that have negotiated tariff deals with the US, the Philippines remains at the whim of US President Donald Trump and his ever-unpredictable global trade agenda.

With the 2025 NTE report essentially shaping Trump’s tariff scheme last year, the USTR said the new 2026 report is no different, as it seeks to outline the US’ aim to rectify what it considers unfair trade practices of its trading partners.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the government of the Philippines consistently fell short on wiping out corruption and improving the many processes? Is the Philippines the least transparent nation in Southeast Asia when it comes to international trade and foreign investments? Do you think the deep corruption of the Philippines will become a major campaign issue in the 2028 Presidential, National and Local elections? Do you think the Philippines’ hosting of the ASEAN Summit will make Filipinos complete forget about corruption?

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

Philippine Peso One Of The Most Vulnerable Currencies Of Asia

With a lot of economic disruptions connected with the conflicts in the Middle East, the Philippine Peso has been exposed as one of the most vulnerable currencies of Asia and already the nation is struggling with spiked fuel prices and rising inflation, according to a business news report by the Manila Bulletin.

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

Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies.

DBS wrote in a commentary published last Friday that the peso is expected to underperform in the foreign exchange (forex) market alongside the Indian rupee, which recently hit a record low against the United States (US) dollar. The peso also plummeted to another all-time low last Friday, finishing at P60.55 per dollar.

Like India, the Philippines is grappling with vulnerabilities from oil price shocks, which have led the peso to reach a new all-time low, according to DBS senior forex strategist Philip Wee and forex and credit strategist Chang Wei Liang.

“Similarly, the peso remains highly vulnerable,” Wee and Liang said. Last Friday, the peso breached the 60.5 level as geopolitical tensions in the Middle East intensified, and the central bank stood firm in its view that there is no immediate need to defend the currency.

Wee and Liang said the Philippines stands as “most exposed to oil price pass-through due to zero subsidies and a 90 percent energy reliance on Gulf energy.”

Japanese financial giant MUFG Bank Ltd. and think tank Capital Economics also emphasized the Philippines’ high exposure to external market volatility, which is hurting the peso amid investors’ risk-off sentiment.

MUFG analysts said the peso is among the “weakest performers in the region” last week, declining by a total of 4.9 percent since the Israel-Iran conflict flare-up. It was surpassed only by the Thai baht, which has dropped 5.9 percent month-to-date.

Following the peso are the declines in the South Korean won (4.7 percent), Indian rupee (4.1 percent), and Malaysian ringgit (three percent). Meanwhile, the Vietnamese dong and Chinese yuan have been the most resilient currencies, with only around a one percent decline each.

DBS said that the Bangko Sentral ng Pilipinas (BSP) is facing a dilemma: it must contain skyrocketing consumer prices while defending the peso amid extreme vulnerability to the worsening energy crisis, with the impacts more pronounced in heavy oil-importing economies.

Citing metrics from an Institute of International Finance (IIF) study, Wee and Liang labeled the currencies of the Philippines, South Korea, and Malaysia as “somewhat vulnerable” to oil price spikes stemming from the Middle East war.

Such metrics include direct trade exposure to oil imports, the growth impact of oil usage intensity, and vulnerability to agricultural and fertilizer supply shocks.

DBS assessed India, Thailand, and Vietnam as the most vulnerable to oil market shocks, while China and Indonesia are the least sensitive.

Despite the peso’s recent weakness, DBS projects the local currency to rebound toward 57.8 per dollar by the end of 2026. However, the pair is also seen climbing back to 59.9 by late 2027 and remaining within the 59 level through 2030.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government of the Philippines and its economic managers will be able to execute moves to prevent strengthen the Peso ensuring economic growth?

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

Foreign Residents In Japan Exceed 4 Million

The total number of foreigners living in Japan has exceeded four million (as of 2025) based on the official numbers released by the government, according to a Kyodo News report.

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

The number of foreign nationals residing in Japan hit a record 4.13 million in 2025, topping 4 million for the first time, aided by a rise in permanent residents and foreign workers, government data showed Friday.

According to the Immigration Services Agency, 4,125,395 foreign nationals were residing in Japan at the end of 2025, up 9.5 percent from the previous year, hitting a record high for the fourth consecutive year.

They accounted for 3.36 percent of the country’s population, up from 3.04 percent last year. Around 947,000 were permanent residents, while 475,000 were holders of visas in specialized work fields such as engineering or the humanities.

By nationality, Chinese topped the list of foreign residents in Japan at 930,000. Vietnamese came second at around 681,000, followed by South Koreans at around 407,000.

Japan also had around 356,000 Filipinos and around 300,000 Nepalese. Sri Lankans, at around 79,000, ranked ninth, up from 12th place in 2024.

Known for its strict immigration policy, Japan has been gradually opening its doors to foreign workers in recent years as the country faces labor shortages due to the aging of society.

Its refugee recognition system is also seen as stringent. The agency announced that 187 foreigners were recognized as refugees last year, down 3 from the year before. The total includes 123 Afghans, 26 Yemenis and 11 Chinese.

Japan accepted a total of 474 people, mostly Ukrainians, under what is known as the complementary protection system that treats those fleeing conflict as equivalent to refugees. The number fell sharply, by 1,187 from 2024.

The government granted residential status to 525 people on humanitarian grounds.

The number of foreign nationals applying for refugee status dropped 8.7 percent to around 11,000. The figure has been on a downward trend since the agency introduced a plan to eliminate “illegal immigrants for the safety and security” of Japan in May last year.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Japan can solve its labor shortage problem without relying on foreign immigrants? Do you think any significant changes on immigration in Japan will happen under the administration of Prime Minister Takaichi Sanae over the next few years? Why do you think there are many foreigners who are applying for refugee status in Japan? Did you notice a high number of Muslim foreigners causing disturbances in Japan recently?

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

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What To Watch On YouTube Right Now – Part 131 (Holy Week Special)

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. This is the Holy Week special and I have below some selected videos for your faith in the Lord, for your enlightenment about Israel and more.

#1 Only Jesus Live Video By Hillsong Worship – This past February, Hillsong Worship posted a live worship music video of the song Only Jesus. The song emphasizes that through scripture, Lord Jesus is revealed as the risen King, seated on the throne, and exalted forever. The song will help lift you up spiritually to worship the Lord and the music video itself has been viewed over a million times. Enjoy the video below.

https://youtu.be/F3E-svbfrYo?si=yewfkk3P8M0QQduh

#2 Bless The Lord Lyric Video By New Life Music – Bless The Lord is an original worship song by New Life Music. The song is a reminder to the faithful to honor the Lord by blessing His name, praising Him with gladness and living on with uncompromising faith in Him. Watch and enjoy the lyric video of Bless The Lord below.

https://youtu.be/KlMV8_MfeF4?si=bxIjJYu-gv_34eXL

#3 The Love Of My Father Video By Planetshakers – The Love of My Father is a worship song from Planetshakers’ Open Door Live Album and it will remind you that God is our father and His love for the faithful (His children) is real, eternal and always holy. We live in an age in which more people in modern society have drifted away from the Lord because of worldliness and they were influenced by rabid feminists and gender activists who openly hate the patriarchy and hate the concept of fatherhood. As such, The Love of My Father is needed for our worship of the Lord and to deepen our relationship with Him. Lift yourselves up with the Planetshakers music video below.

https://youtu.be/tTFiF2iD-j0?si=O1GTzaahVI24dcm1

#4 Teachings By Pastor Paul and Shoddy Chase – I encourage you all to deepen your faith in the Lord with the respective teachings of God’s Word led by Pastors Paul and Shoddy Chase. I personally attended their teachings on separate Sunday worship services at New Life Alabang. Grab your bible and notebooks, be ready to write something down and watch the videos below.

https://youtu.be/j2Zf3_2WuYQ?si=b7JbxTzkP66xoTRm

https://youtu.be/D_mpEXqoGrA?si=Cqyx3Kf7-CNsnDv7

#5 Breakthroughs In The World – We live in a twisted and unpredictable world. No matter what happens, we must never let the dark forces separate us from the Lord. As such, we all need to pray to the Lord for protection, endurance and miracles. Within this twisted world we live in, there are indeed developments and good news that happened under the watch of the Lord. Learn what has been happening in the CBN News videos below.

https://youtu.be/N1FhuXyGfb4?si=9GYmMsIdVY6ri9Gn

https://youtu.be/CSdUrXcsHdk?si=KSuaIAhJcVWYKuar

https://youtu.be/0Q8e7n9iQgE?si=_6piP2WAnSfWFAkI

https://youtu.be/jAVnzC2H1T0?si=zwMmwAZPn2zQJOJ-

https://youtu.be/JfYkhPetW4w?si=EyUuUw6hPYXC5Wz9

https://youtu.be/3gq1qNq88WE?si=jjS7RC72MpX5DB9m

#6 HolyLandSite Israel Videos – I have said it before and I will say it again. Israel is the land God designated to the Jewish people and He sent His only begotten Son Lord Jesus to them to save the lost and unsaved. Israel is the Holy Land and the many miracles and breakthroughs that happened there were recorded in the Holy Bible. Having toured Israel myself, I can clearly say that the Holy Bible came to life in front of me when I visited the holy sites.

https://youtu.be/2eqkcW8BOvs?si=Bq9gABpGIf6j0RC8

https://youtu.be/0canuJBBjrQ?si=ifCUx81WSAwVpIoL

https://youtu.be/rut0rCv77wo?si=cghICpXHJB3moSax

https://youtu.be/QxjrqKSUPNs?si=-JDDhOBrsE_keSZH

https://youtu.be/BMARXEXLfB4?si=3sljgPJHw_rgv-JU

https://youtu.be/rLFquAMi_rI?si=7F4fAHDvIL1v19jZ

In ending this Holy Week Special, I share with you the following scriptures from the Holy Bible.

Jesus answered him,

I assure you, most solemnly I tell you, that unless a person is born again (anew, from above), he cannot ever see (know, be acquainted with, and experience) the kingdom of God.

John 3:3 (AMPC)

Grace and spiritual blessing be to you and [soul] peace from God the Father and our Lord Jesus Christ (the Messiah),

Who gave (yielded) Himself up [to atone] for our sins [and to save and sanctify us], in order to rescue and deliver us from this present wicked age and world order, in accordance with the will and purpose and plan of our God and Father—

To Him [be ascribed all] the glory through all the ages of the ages and the eternities of the eternities! Amen (so be it).

Galatians 1:3-5 (AMPC)

For God is one, and there is one Mediator between God and the sons of men—the true man, Jesus, the Anointed One.

1 Timothy 2:5 (TPT)

Thank you for your time. Always move forward with uncompromising faith in the Lord. Always remember that Lord Jesus is the hope of ALL nations as He is God’s son as well as the Anointed Mediator between the Heavenly Father and men. Also pray to the Lord to support Israel, its people and for the peace of Jerusalem.

Remember that God always loves the faithful and Lord Jesus is absolutely the hope of ALL nations!

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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