Fitch maintains Phl investment grade

Fitch maintains Phl investment grade

Chito Lozada
The Daily Tribune
08 June 2024

Global credit watchdog Fitch Ratings has affirmed the Philippines' investment grade rating at “BBB” with a stable outlook after noting the country's robust medium-term growth potential and a manageable debt level.

"The 'BBB' rating and stable outlook reflect the strong medium-term growth, which supports a gradual reduction in government debt/GDP (gross domestic product) over the medium term and the large size of the economy relative to 'BBB' peers," Fitch Ratings said in a report released late Friday.

Fitch Ratings expects the economy to grow at 5.8 percent this year from 5.5 percent in 2023.

"We forecast real GDP growth of above 6 percent over the medium term, considerably stronger than the 'BBB' median of 3 percent, supported by large investments in infrastructure and reforms to foster trade and investment, including public-private partnerships," Fitch said.

Philippines elected as deputy member to ILO

Philippines elected as deputy member to ILO—DOLE

By Vito Barcelo
Manila Standard
June 8, 2024

The Philippines has been elected as deputy member to the Governing Body of the International Labor Organization (ILO), 16 years after it was elected in a titular capacity in 2005-2008, Department of Labor and Employment (DOLE) Secretary Bienvenido Laguesma announced.

The title was a significant achievement in the country’s commitment to adopt and foster labor standards in protecting the workers’ rights and well-being across the globe, Laguesma said in a statement.

The election took place during the 112th International Labor Conference in Geneva, Switzerland.

Laguesma said the election is a testament to the Philippines’ active and continuous participation in the international labor community by shaping fair and equitable global policies on work practices and conditions.

The Philippines and other elected member-states will serve a three-year term until June 2027.

The Governing Body is the executive arm of the ILO, which plays a crucial role in determining the organization’s plans, setting the agenda for the International Labor Conference, adopting proposed activities and budget, and electing the ILO’s Director-General.

Currently, the ILO Governing Body consists of 56 titular members composed of 28 government representatives, 14 employer representatives, 14 worker representatives, as well as 66 deputy members, including 28 from governments, 19 from employers, and 19 from the workers’ sector.

Permanently occupying 10 government seats are Brazil, China, France, Germany, India, Italy, Japan, Russia, the United Kingdom, and the United States.

The Philippines’ new role underscores the international labor community’s recognition of its leadership, as evidenced by its election and elevation as a deputy member.

It also highlights the country’s commitment to addressing critical issues in the global labor market, particularly in promoting decent work and enhancing the care economy.

Sweden seeks stronger ties with Philippines

Sweden seeks stronger ties with Philippines

PhilStar Global
08 June 2024

MANILA, Philippines — The embassy of Sweden in Manila held its Swedish National Day celebration on June 6 with a focus on enhancing bilateral ties with the Philippines in key areas including defense and security, industrial development, innovation and health care.

“The Philippines is a strategic partner for Sweden, because of its economic growth prospects and its commitment to the rule of law. We support the Philippine Development Plan with the vision to improve the country’s economy and provide jobs to Filipinos,” Swedish Ambassador Annika Thunborg said on Thursday.

Sweden is recognized as a global leader in innovation. Since 2016, when the embassy reopened, Team Sweden – comprised of its embassy, trade and investment council and the private sector – has been actively collaborating with the Philippines in innovation and development.

Areas of focus include transportation, energy, retail and the circular economy with companies such as Atlas Copco, H&M, Lynk electric cars, PTC & Wallenius shipping, Volvo Buses, ABB, Nasdaq, BDO and Transcom. This is possible through the “quadruple helix model” which involves collaboration with the Philippine government, Swedish and Filipino private sector, international development institutions and other communities such as academe and civil society.

Team Sweden is keen to continue these collaborations, especially in security and defense, sustainable and responsible mining and health care with companies such as Saab, Volvo Trucks and Construction Equipment, Sandvik, Ericsson Telecommunications and AstraZeneca.

“Sweden is committed to building a long-term and sustainable relationship with the Philippines. This is attested by the visits of our Minister of Trade Johan Forssell last year, the visit of State Secretary for Foreign Affairs Jan Knutsson and leading Swedish industrialist and banker Marcus Wallenberg earlier this year and now with the Swedish Defense Minister Pål Jonson,” Thunborg said.

At the event, representatives of the Swedish government highlighted the need to address common challenges such as climate, economic security and geopolitical tensions. Moreover, in an increasingly polarized world, it is crucial for states to have strong ties with like-minded countries.

Sweden sees the Philippines as an important partner with common interests in free trade, the international rules-based order and green and digital transition.

“Peace and security have indeed for a long time been a priority area in the Swedish-Philippine relations. Sweden has since many years actively supported the Bangsamoro Peace Process, and our two countries also cooperate extensively on matters such as promoting and defending the UN Charter, the rules-based international order and respect for international law, including UNCLOS,” Jonson said.

From the Philippine side, Defense Secretary Gilberto Teodoro Jr. gave a message on behalf of President Marcos.

“The past 77 years of our relations have been marked by friendly exchanges and fruitful cooperation, particularly in the areas of trade and investments, maritime cooperation, energy, smart and green solutions, science and technology and of course, defense. Your visit today, Minister Jonson, is a testament to the deepening of our defense and security relations,” the President’s message noted.

Since 1983, Sweden has celebrated its National Day on June 6. This is the date on which Gustav Vasa was elected king in 1523, which laid the foundation of Sweden as a unified nation state, and on which a new, landmark constitution was adopted in 1809.

Lea Salonga Is Madame Tussauds' New Filipino Wax Figure

Lea Salonga Is Madame Tussauds' New Filipino Wax Figure

Story by Leana Vibal 
Spot.ph
07 June 2024

Lea Salonga was just announced the next Filipino star to have a wax figure of her likeness at Madame Tussauds Singapore. 

The multi-faceted musical icon is headed for the star-studded halls of Madame Tussauds in Resorts World Sentosa Singapore, with her wax figure set to be unveiled in the third quarter of 2024.  

Here's what we know about Lea Salonga's Madame Tussauds Singapore wax figure:

It's a big year for Filipino stars and the Madame Tussauds brand. From the traveling figures of Pia Wurtzbach and Catriona Gray making waves in Singapore and Hong Kong to Anne Curtis getting chosen as the next Filipino wax figure model for Madame Tussauds Hong Kong, Salonga's debut at the famous museum and tourist destination marks another milestone for Philippine entertainment.

"When my manager said this is happening, that Madame Tussauds is interested in making a wax figure of me, it was an absolute honour and privilege to be asked. It’s fantastic!," shared Lea in her sitting session with the Madame Tussauds Singapore team of expert sculptors and artists.

Salonga, of course, needs no introduction. She has a well-decorated career in music and entertainment that spans over 45 years. Her credits include being the first Asian to play Eponine in Les Miserables on Broadway, debuting the role of  Kim in Miss Saigon, and being the Philippines' OG Disney Princess—she is, after all, the singing voice of Mulan and Jasmine. 

You might even say Queen P, Pia Wurtzbach, manifested this momentous occasion. In an interview with SPOT.ph back in March when her own wax figure made its Singapore debut, Wurtzbach expressed a wish for her wax figure to stand alongside Salonga's. "I think she's iconic and it's about time that we had her (wax figure), " says Wurtzbach.

Salonga's installation to the Madame Tussauds halls comes at a time when the museum continues to entice Filipinos to visit their different locations by including more Filipinos in their line up. 

"We are truly excited and honoured to have Lea's wax figure," says Elaine Quek, Head of Sales and Marketing at Madame Tussauds Singapore.

Originally opened in 2014, Madame Tussauds Singapore is in the integrated entertainment and leisure complex of Resorts World Sentosa. It features different zones making it the home to the likeness of over 80 glamorous stars from Asia, Hollywood, Bollywood and beyond. 

Six innovators are keeping Filipinos connected in the digital world

These six innovators are keeping Filipinos connected in the digital world

By Syrah Vivien Inocencio
Tatler Philippines
Jun 05, 2024

Introducing six visionary innovators who are not just shaping their industries today but also charting the course for the future of connectivity in the Philippines and the rest of Asia.

Filipinos have a special place in the digital space, ranking among the most active users on social media globally. Whether it's sharing a throwback post, dancing to the latest trend or sharing a day in their life, social media has been an avenue for many Filipinos to connect, express, and engage with each other and the rest of the world.

Such an online presence is just a testament to the importance of connectivity in the Philippines. Behind this development are passionate leaders dedicated to ensuring that every Filipino can stay connected. Meet six innovators among Tatler Asia's Most Influential, who are enhancing the digital landscape of the country to keep Filipinos connected in an increasingly digital world.

Manny V Pangilinan

MVP, as he is fondly called, has made an indelible mark on the Philippine business landscape and has no intention of slowing down anytime soon. 

As chairman of the MVP Group of Companies, his strategic vision and well-documented work ethic have steered his group to the forefront of telecommunications, media and infrastructure. MVP serves as the chairman, president and CEO of Metro Pacific Investments Corporation, chairman and CEO of Manila Electric Company and has recently returned as president and CEO of PLDT Inc. He is also managing director and CEO of First Pacific in Hong Kong, and president commissioner of PT Indofood Sukses Makmur Tbk.

Pangilinan is poised to seal a significant deal with a local coconut company this year, having recognised coconut as a major agricultural product for the country. This move could signal a potential consolidation trend in the Philippine coconut industry, underscoring MVP’s knack for driving growth as an innovator.

Aside from his many business ventures, MVP is also known as an active advocate of sports development and philanthropy. He is the Chairman Emeritus of Samahang Basketbol ng Pilipinas, the governing body for Philippine basketball, and has been instrumental in promoting sports excellence in the country.

Al Panlilio

A man of sports and innovation, Al Panlilio is a visionary leader who has made significant contributions to the advancement of the country’s sports industry. 

Under Panlilio’s helm as president of the Samahang Basketbol ng Pilipinas (SBP), the Philippines men’s national basketball team Gilas Pilipinas reached the FIBA World Cup anew in 2023, while the women’s team Gilas Women captured their first-ever gold in the Southeast Asian Games. Panlilio now sits on the influential Central Board of the International Basketball Federation following the country’s successful FIBA World Cup hosting last year. 

Panlilio also dons many sports hats as the first vice president of the Philippine Olympic Committee, the president of the MVP Sports Foundation and chairman of the National Golf Association of the Philippines.

Outside the sports world, Panlilio led the charge in driving developments in the telecommunications sector as former president and CEO of PLDT and Smart Communications, both of which he guided through economic challenges during the Covid-19 pandemic, as evidenced by his recognition as the CEO of the Year from the London-based Asia Communication Awards.

Martha Sazon

During the onset of the Covid-19 pandemic, the Philippines was mostly dependent on cash payments when the rest of the world was told to limit physical interactions. Martha Sazon, who at the time was appointed as president and CEO of GCash, quickly turned the mobile e-wallet app into a lifeline for many Filipinos.

Under Sazon’s helm, GCash has soared to become a household name, achieving the remarkable milestone of being the Philippines’ first and only “duacorn”. It has at least 66 million registered users—a three-fold increase over its user base before the pandemic. GCash is also currently considered the leading finance app in the country as evidenced by its name becoming synonymous with digital transactions.

With an understanding of consumer needs and emerging technologies, Sazon continues to steer GCash to significant heights in promoting financial inclusion in the country. Today, it offers various financial services, including remittances, investments, loans, trading features and more.

Ernest Cu

In the past decade, Globe Telecom has gone beyond just a telecommunications company and into a financial technology firm, internet provider and much more–thanks to Ernest Cu. As president and CEO, his forward-thinking ingenuity as an innovator has taken Globe to secure its position as the top telecom firm in the country.

Around 80 per cent of the Filipino population use GCash, its flagship fintech product, cementing its reputation as a phenomenal mobile wallet. Its corporate incubator, 917Ventures, has pioneered tech solutions firms like Konsulta MD, HealthNow, KodeGo, while Kroma is changing the face of the local entertainment space.

Cu’s vision to dominate the digital landscape is far from over. He is determined to continue proving that change is necessary, more so when it comes to creating solutions to unique problems.

Roland Ros

In the dynamic landscape of social media and entertainment, Roland Ros stands as a visionary figure having pioneered Kumu, which has been fostering a vibrant “kumunity” of users and content creators alike.

The Filipino-made online platform offers an array of features from live streaming and virtual events to interactive games and e-commerce, which has attracted tens of millions of users across over 50 countries. This success is all thanks to Ros’ commitment to revolutionising the way people engage in the digital realm.

With this ethos at its core, Kumu blossomed into a thriving community that celebrates diversity, inclusivity, authentic expression and a driver of meaningful change. With the aim to uplift the country’s technological ecosystem,

Ros has since invested in various entertainment firms such as Podcast Network Asia, Lista PH and AcadArena. This innovator is also looking forward to creating an inclusive online space for overseas Filipino workers to look for job opportunities.

Sheila Lirio Marcelo

Her path to success is deeply rooted in her family values. As the driving force behind Care.com, Sheila Lirio Marcelo transformed the caregiving landscape by introducing a marketplace that offers comprehensive care services, such as childcare, eldercare, special needs support, housekeeping and more. She is also the first Asian American woman to have founded and taken a company public in the United States, challenging stereotypes and breaking barriers along the way.

Her game-changing spirit as an innovator extends beyond Care.com. In 2021, she co-founded Proof of Learn, a company focused on utilising next-generation technologies to democratise access to high-calibre education globally. She also initiated Ohai.ai, a cutting-edge technology startup leveraging AI to improve the lives of families.

UP is Philippines’ top university in 2025 QS world rankings

UP is Philippines’ top university in 2025 QS world rankings

Adrian Parungao
Inquirer.net
05 June 2024

MANILA, Philippines — The University of the Philippines (UP) was named the Philippines’ top-performing university in the 2025 edition of the Quacquarelli Symonds (QS) World University Rankings.

In the results posted on Tuesday, UP ranked 336th among more than 1,500 universities worldwide.

Previously, UP ranked 404th in the 2024 edition.

Meanwhile, UP was followed by the Ateneo de Manila University at 516th, while the De La Salle University placed at the 641-650 bracket.

The University of Santo Tomas was included in the rankings at the 851-900 bracket, and the University of San Carlos ranked 1401+.

In Asia, the National University of Singapore was the top-performing university, followed by Peking University, and Nanyang Technological University.

Listed below are the top ten universities worldwide:

1. Massachusetts Institute of Technology
2. Imperial College London
3. University of Oxford
4. Harvard University
5. University of Cambridge
6. Stanford University
7. ETH Zurich
8. National University of Singapore
9. University College London
10. California Institute of Technology

According to QS, some of the metrics that it uses into its rankings are the sustainability, employment outcomes, and the international research network of the university.

QS is an international higher education network analyst based in London, United Kingdom.

PH hosts 1st UN tourism confab on gastronomy

PH hosts 1st UN tourism confab on gastronomy

By Joyce Ann L. Rocamora
Philippine News Agency
June 5, 2024

MANILA – The Philippines is set to host the inaugural UN Tourism Regional Forum on Gastronomy Tourism for Asia and the Pacific from June 26 to 27, the Department of Tourism (DOT) announced Wednesday.

Tourism Secretary Christina Garcia Frasco tries Filipino cuisine during the launch of the Philippine Eatsperience launch in Intramuros and Rizal Park in Manila last April. Frasco said gastronomy plays an important role in the Filipino culture, encouraging everyone to support local food products. (Photo courtesy of the Department of Tourism)

The event is expected to gather some 300 attendees, including ministers from UN member-states, affiliate members, and tourism stakeholders from international organizations, to exchange knowledge and best tourism practices in the Pacific, East, and South Asia regions.

The event will be held alongside the 36th UN Tourism Joint Commission Meeting for East Asia and the Pacific and Commission for South Asia on June 28.

Discussions during the forum on June 26 will focus on policy framework for the development and promotion of gastronomy tourism, value of land and products in the sustainable development of gastronomy tourism, cost-effective and environmentally responsible strategies for reducing food waste and promoting local sourcing, and successful best practices in gastronomy tourism in the Asia Pacific region, among others.

The delegates, meanwhile, will sample the best of Philippine flavors through a showcase by top Filipino chefs, and get a glimpse of Cebu’s allure as a top tourist destination through a technical tour on June 27.

In a statement, Tourism Secretary Christina Frasco said the DOT and the country’s tourism stakeholders are ready to host the UN events, seeing it as an opportunity for the Philippines to showcase its culinary treasures on a global stage.

“As chair of the UN Tourism Commission for East Asia and the Pacific, the Philippines commits fully to leveraging the region’s strategic position to promote a range of initiatives that will benefit not only our country but also our neighbors, particularly, its rich and diverse gastronomy tourism portfolio,” she said.

Citing a report from the World Food Travel Association, the DOT said around 80 percent of travelers research food and drink while visiting a destination.

The report also classifies over half or 53 percent of all travelers as “culinary travelers.”

In a 2023 report by Booking.com, 34 percent of travelers prioritize restaurants and dining experiences, viewing them as gateways to understanding local traditions and lifestyles.

Future Market Insights valued the Philippine gastronomy tourism market at USD5.4 billion in 2022 and it has been projected a compounded growth annually at 14.7 percent over the next decade.

Iconic Filipino dishes such as braised pork and chicken dish adobo, tamarind-based sour soup sinigang, and the ever-popular open fire-roasted lechon and sisig have earned praise from known food journalists in the past.

For instance, the late chef and TV host Anthony Bourdain, while dining in Cebu, branded lechon the “best pig ever” and declared Pampanga’s sizzling pork medley sisig as "perfectly positioned to win the hearts and minds of the world as a whole."

Food critic Andrew Zimmern, meanwhile, has gone on record to declare Filipino food as “the next big thing” in the US as early as 2017.

The Philippines is also home to Iloilo City, a UNESCO Creative City for Gastronomy, and regions such as Western Visayas, the Cordillera Administrative Region, Pampanga, and Cebu are actively engaged in the development of Slow Food programs.

Under its National Tourism Development Plan (2023-2028) approved by President Ferdinand R. Marcos Jr. and in line with its enhanced tourism campaign, "Love the Philippines", the DOT is deep in developing more culinary tours and festivals, dining destinations, and food trail activities to further intensify the promotion and development of the country’s diverse gastronomy tourism offerings.

“As we intensify our diversification of the country’s tourism portfolio through multidimensional tourism, we strongly see food as a crucial element in enhancing the Philippine cultural experience,” Frasco said.

“In addition to integrating food in festivals, arts and crafts, traditions, and practices, we are actively working towards supporting the development of halal/Muslim-friendly tourism, heritage villages for cultural communities, and the preservation of farms and heritage sites,” she said. (PNA)

World Bank expects further PH economic growth until 2026

World Bank expects further PH economic growth until 2026

By Anna Leah Gonzales
Philippine News Agency
June 4, 2024

MANILA – Philippine economic growth is expected to increase by an average of 5.9 percent between 2024 and 2026, driven by the strong domestic demand and pickup in global growth, the World Bank said.

In its Philippines Economic Update report released on Tuesday, the World Bank retained its 2024 and 2025 Philippine economic growth projection at 5.8 percent and 5.9 percent from a 5.5 percent expansion in 2023.

For 2026, the World Bank also expects the Philippine economy to grow by 5.9 percent.

"For the Philippines, we project growth to average to about 5.9 percent between 2024 [and] 2026 supported by robust domestic demand, strong services growth, and improved trade," World Bank senior economist Ralph Van Doorn said in a briefing in Taguig City.

Doorn said the forecast is based on the expectation that inflation will ease, which will help the Bangko Sentral ng Pilipinas to transition into a more accommodative policy stance and result in private investment demand.

"We expect inflation to remain within the 2 to 4 percent band which is the comfort zone of the BSP for the next few years," said Doorn.

The World Bank projects headline inflation to settle at 3.6 percent this year and further decelerate to 3.2 percent in 2025 and 3.0 percent in 2026.

"We also expect that despite the ongoing fiscal consolidation, public investments will likely remain above 5 percent of the GDP (gross domestic product) and remains supportive of growth," said Doorn.

Risks to growth

Doorn said the balance of risks are tilted to the downside.

On the external front, Doorn said an intensification of geopolitical tensions could lead to higher energy prices and disruptions in global trade and investment activity.

Fragmentation in global trade policy and an increase in trade protectionism could weigh on trade, while the prolonged downturn in the property sector could lead to the slower-than-expected growth in China which may cause negative spillovers in the region.

"Domestically, a prolonged episode of El Niño and stronger-than-expected La Niña phenomenon could lead to damages to farm output which could place upward pressure on food prices," Doorn said.

He added that the threats of persistently high inflation could also lead to delays in monetary policy normalization which would dampen private domestic demand.

Policy recommendations

Moving forward, Doorn said managing inflation will require the continued use of non-monetary measures such as optimizing supply and demand management and securing the timely and adequate imports of stable food items.

The World Bank also urged the government to improve the efficient, transparency, and inclusive use of public resources in climate adaptation, mitigation, response, and rehabilitation.

According to World Bank, strengthening revenue mobilization is also essential for fiscal consolidation and to sustainably finance the country's inclusive development agenda. (PNA)

HSBC: Philippines moves closer to being “upper-middle income” country

Philippines moves closer to being “upper-middle income” country: says HSBC Global Research

The Star (Malaysia)
Monday, 03 Jun 2024

MANILA (The Nation Thailand/ANN): Filipino consumers are now spending less on essential goods and services, and consuming more nonessential items—a shift that’s not surprising at all as the Philippines moves closer to “upper-middle income” economy status, HSBC Global Research said.

In a May 30 report, HSBC noted a “substantial deceleration” in the average growth of food, clothing, and household furnishing expenditure in 2023.

While the decline in household furnishing was expected amid a high-interest rate environment that ruined Filipinos’ renovation plans, which are typically funded by credit, HSBC said the weaker demand for food and clothing was “surprising.”

This was in stark contrast to more than 10 % growth in consumer spending on restaurants, hotels, and recreational goods as well as toys, instruments, books, and services like gyms. Transport, which can be a mix of both essential and nonessential expenses, is also growing by “double-digits,” HSBC said.

Aris Dacanay, economist at HSBC, said the shift in consumer preferences was expected as the Philippines was working on its goal to become an upper-middle income economy.

”Even in challenging times, the Filipino consumer has gone beyond covering the bare essentials and is now spending on goods and services that make daily living more convenient and, perhaps, more fun,” Dacanay said.

“This suggests that, when inflation does decline, overall household consumption will likely pick up, but, perhaps, more on goods and services that are beyond just subsistence—the nicer things, so to speak,” he added.

Such an outlook is seen to bode well for a country where consumer spending accounts for over 70 % of gross domestic product.

Growth of household spending had eased to 4.6 % in the first quarter, the weakest reading since the 4.8 % contraction at the height of Covid-19 pandemic in the first quarter of 2021. - The Nation Thailand/ANN

BulSU dean hailed as Asia's Outstanding Educator of the Year

BulSU dean hailed as Asia's Outstanding Educator of the Year

Story by Antonio G. Papa Ph.D.
Manila Times 
03 June 2024

BULACAN State University (BulSU) Hagonoy Campus Dean Marvin Tullao was hailed as one of 2024 Asia's Outstanding Educator of the Year awarded by the Asia's Educators and Professionals and Instabright International Guild of Researchers and Educators Inc. in ceremonies held at The Heritage Hotel Manila on May 25, 2024.

BulSU said the award is a testament to Tullao's commitment and dedication to teaching and serving the university for the past 28 years.

The Asia's Educator and Professionals Awards 2024 was dedicated to recognizing and celebrating the exemplary performance and sacrifices made by individuals in the educational and professional sectors. It served to boost the morale and affirm the professional stature of those who have shown exceptional commitment to their respective fields as well as an avenue for networking, collaboration, and the sharing of best practices among peers.

Asia's Educators and Professionals commit to enhance the professional capabilities of educators and professionals through tailored training programs, workshops and seminars; bridge cultural gaps by promoting international partnerships and exchanges between institutions and organizations; provide a platform for continuous learning and development, ensuring that the members stay at the forefront of their respective fields; encourage research and innovation by supporting initiatives that contribute to the advancement of educational and professional practices; and build a strong community of leaders who are committed to excellence, ethics, and lifelong learning.

Philippines: $397-billion reclamation projects underway, more planned

Philippines: $397-billion reclamation projects underway, more planned

Mega projects expanding urban landscape, adding spaces, with more on the drawing board

Jay Hilotin, Senior Assistant Editor
Arab News
May 31, 2024 

Manila: The skyline of the Philippine capital is changing. So is the view from above. Multi-billion-dollar mega projects are expanding the urban landscape, with massive sea-ward transformation projects in progress – or on the drawing board.

The aim: push back the sea, create new spaces and opportunities. Manila Bay is the centre of this action. Outside the capital, more land reclamation jobs are planned or are in progress.

The total area of land reclamation projects in the Philippines, both completed and planned, is significant. As of 2023, there are around 187 ongoing and approved reclamation across the country.

Grabbed from: 6-soon-to-rise-manila-bay-reclamation-sites-in-2019.jpg (1280×905) (kmcmaggroup.com)

Specifically, Manila Bay has a considerable concentration of these projects, valued at more than 23 trillion pesos ($397 billion), according to one estimate.

Reclamation, a trend that started here in the early 1960s, has been revived in recent years. It’s helping decongest cities, creating new land for development, mass housing and easing the pressure cramped metropolises.

Here’s the lowdown:

Manila Bay Reclamation
Area: 5,503 hectares (13,598 acres)

The Roxas Boulevard reclamation projects collectively represent a significant expansion of the Manila Bay coastline. This involves 14 approved projects covering 5,503 hectares (55 km2).

Also known as the Manila Bay Reclamation Project, this involves several planned and ongoing reclamation initiatives along the Manila Bay coastline, particularly in the areas adjacent to Roxas Boulevard. Components include the 148-hectare Manila Solar City Project (a mixed-use development), the 419-hectare Horizon Manila, and the 318-hectare Manila Waterfront City.

The total investment for property development is estimated at nearly 23 trillion​ pesos ($397 billion). The original plan was to reclaim 3,000 hectares (30 km2) of land in Manila Bay.

Besides the SM Mall of Asia Complex, it is known for the 77-hectare (0.77 km2) Cultural Center of the Philippines Complex, the Aseana City Business Park, integrated resorts and complexes such as the City of Dreams Manila, Okada Manila and Solaire Resort, and the Asiaworld compound where the Parañaque Integrated Terminal Exchange (PITX) is situated.

Bulacan Aerotropolis
Area: 1,168 hectares (2,886 acres)

Developed by San Miguel Corp. (SMC), this project includes the construction of the New Manila International Airport, also known as Bulacan International Airport, and surrounding urban infrastructure. The project area spans 2,500 hectares (25 km2) with the airport covering 1,168 hectares and an adjoining airport city, part of the under-construction $15-billion behemoth. It’s a major part of the overall effort to boost the region’s economic growth​​.

Part of the material used for this reclamation project is the use of up to 6 million tonnes of silt, solid waste and trash dredged from rivers in Manila and nearby provinces.

These include 3 million tonnes extracted from more than 50 kilometers of rivers in the flood-prone Bulacan province spanning the cities and towns of Meycauayan, Obando, Bulakan, Bocaue, Marilao, Balagtas, and Guiguinto. Moreover, 1.2 million tonnes of waste were dredged from 26 kilometers of the Pasig River, 1.1 million tons from 11 kilometers of the Tullahan River, and almost 320,000 tonnes from the San Juan River.

Cebu South Coastal Urban Development Project (CSCUD):
Area: 300 hectares (740 acres)

This includes various projects like the Cebu South Coastal Urban Development Project, which focuses on commercial, residential, and industrial areas to stimulate economic activity in Cebu.

It has an ambitious socialised housing component. The South Road Properties (SRP), also known as the South Reclamation Project, is a 300-hectare (740 acres) reclamation area in Cebu, a trading and cultural hub in central Philippines.

The area, which is reclaimed from Mactan Channel, is located off the coast of the southern district of Cebu City, near Barangays Mambaling, Inayawan, and Pasil.​

This is a large-scale initiative aimed at transforming the southern coastal areas of Cebu City into a modern urban hub. Its primary objective: alleviate congestion in the city centre, promote sustainable urban growth, and enhance the overall quality of life for residents.

The project will be developed in three phases and aims to provide 40 buildings for socialised housing across a 60-hectare site and other areas along the SRP. Phase 1 alone covers 30 hectares and is expected to benefit approximately 10,000 informal settler families.

The development is part of the larger "National Pabahay Para sa Pilipino Housing" drive to address the housing deficit by constructing 6 million units by the end of President Ferdinand Marcos Jr.'s term in 2028.

The project will also have essential facilities such as schools, markets, and health centers to create a sustainable and integrated community and aligns with the overall national budget allocated for this extensive housing initiative.

Cebu City North Reclamation Area (NRA)

Area: 169 hectares (417 acres)

The Cebu City North Reclamation Area (NRA), started in 1962 with about 169 hectares, has been further expanded to cover about 330 hectares today. Situated along the northern coastline of the city, it provides easy access to key transportation hubs like the Cebu International Port and the Mactan-Cebu International Airport. Its central location makes it a crucial area for business, commerce, and tourism.

The NRA is a significant economic driver for Cebu City, housing several commercial establishments, shopping malls, and office buildings. Major developments in the area include SM City Cebu, at least 20 hotels, and the Cebu Business Park, which hosts numerous multinational corporations and local businesses.

These establishments contribute significantly to the local economy by providing jobs and attracting investments. Its central location makes it a crucial area for business, commerce, and tourism.

Navotas Coastal Development

Area: 650 hectares (1,606 acres)

This development north of Manila, aims to develop urban, commercial, industrial, housing and green spaces to support the local economy and improve living standards in Navotas​. This significant undertaking covers an extensive area along the coastal region of Navotas City. The entire project is designed to cover approximately 650 hectares. A substantial portion of the project involves land reclamation from Manila Bay.

This reclaimed land will be used for new developments and infrastructure. A significant portion of the reclaimed land will be dedicated to housing, aimed at providing affordable and sustainable living spaces for thousands of families.

Large tracts of land will also be used for commercial and industrial activities. The development also includes parks, recreational areas, and waterfront promenades, enhancing the livability and aesthetic appeal of the area.

Pasay Reclamation Project

Area: 265 hectares (654 acres)

This project, covering approximately 265 hectares, is a large-scale development initiative aimed at transforming the coastal area of Pasay City (south of Manila) into a thriving urban hub.

This development aims to enhance economic growth, provide housing and job opportunities, and improve the overall quality of life through the creation of new residential, commercial, and industrial zones, as well as public amenities and green spaces, to be implemented in several phases.

Following the initial land reclamation and establishment of basic infrastructure, including roads, utilities, and seawalls, the residential and commercial zones will be developed, along with public amenities. Further expansion of industrial areas and completion of remaining infrastructure and public spaces.

Las Piñas-Parañaque Coastal Bay Project

Area: 635 hectares (1,569 acres)

The Las Piñas-Parañaque Coastal Bay Project is planned to cover a total area of approximately 635 hectares, reclaiming the shallow coastal area from Asia World Properties to the municipality of Bacoor in Cavite. This reclaimed land will support various types of development – residential, commercial, and industrial zones, along with infrastructure for flood control and coastal defense.

In October 2021, the Philippine Supreme Court en banc voted 11-2 to approve the reclamation project covering approximately 530 hectares of the Manila Bay coastline in Las Piñas and Parañaque, ruling that the alleged environmental threat was not sufficiently established.

In 2009, Alltech Contractors proposed developing 321.26 hectares in Las Piñas and 174.88 hectares in Parañaque along the Manila Bay coastline.

Senator Cynthia Villar (Las Piñas ex-representative), along with local residents, petitioned the Supreme Court to scrub this reclamation, arguing it would increase “flood risk” in their communities. The Philippine Reclamation Authority (PRA) approved the project in 2010, after subjecting to environmental compliance.

The proponents submitted an amended Environmental Performance Report and Management Plan (EPRMP) in December 2010, expanding the project to 203.43 hectares in Parañaque and 431.71 hectares in Las Piñas.

In March 2011, the Department of Environment and Natural Resources–Environmental Management Bureau (DENR-EMB) issued an Environmental Compliance Certificate (ECC) for the project. Villar contended that the project would impede the flow of the Las Piñas-Zapote and Parañaque rivers. In 2013, the Court of Appeals (CA) denied the petition, stating that the project had undergone the proper process, and noted that the submission of an EPRMP is a valid form of Environmental Impact Assessment (EIA).

Panglao Island Reclamation

Area: 450 hectares (1,112 acres)

The Panglao Island Reclamation project, located in Panglao Island, which is part of Bohol province in the Central Visayas region of the Philippines, is situated southwest of Bohol's main island and is known for its beautiful beaches, dive sites, and tourism attractions.

It is planned to cover a total area of approximately 450 hectares. This reclaimed land will be utilised for various purposes, including residential, commercial, tourism, and industrial development. Panglao Island is connected to Tagbilaran City, the capital of Bohol, by two bridges.

The island is famous for its popular tourist destinations. The island is home to Bohol-Panglao International Airport, which boosts connectivity and accessibility, making it an ideal location for further development.

The Davao Reclamation Project

Area: 214 hectares (504 acres)

The Davao Reclamation Project, also known as the Davao Waterfront Development Project, is a major land reclamation initiative in Davao City, located in the southern part of the Philippines.

In January 2023, Davao City officials and representatives from the Philippine Reclamation Authority signed a Memorandum of Understanding – in line with the application of the city to reclaim and develop 57 hectares along the reclaimable areas enclosed by the Davao City Coastal Road Project.

This extensive reclamation will be developed to support a variety of uses, including residential, commercial, industrial, and public amenities. An area has been earmarked for affordable housing units and high-end residential complexes, as well as commercial spaces, offices, retail establishments, hotels, entertainment facilities, industrial activities, public amenities and green spaces.

Cebu Reclamation Projects

Area: 765 hectares (1,890 acres)

The Cebu Reclamation Projects are collectively substantial – adding over 765 hectares of new land to support various types of development. These projects aim to enhance Cebu’s economic capacity, provide new residential and commercial spaces, and improve public amenities while addressing environmental sustainability and regulatory compliance.

Includes multiple smaller-scale projects in areas such as Balamban, Carmen, Compostela, Minglanilla and Oslob, focusing on port facilities, commercial spaces, and public amenities​​. Toledo City (Area: 18 hectares, 44.5 acres) reclamation project will form part of the waterfront area's urban development effort as a new place for a sports stadium, yacht club, commercial and business process outsourcing centers, hospitality, and education facilities.

Balamban reclamation project (Area: 8.4 hectares, 20.75 acres) is the west Cebu province's shipbuilding capital. It plans to construct a dome, a wharf, and an evacuation center in its 84,000-square-meter proposed reclamation area.

Oslob reclamation project (Area: 10 hectares, 27.7 acres) is planned in the whale-watching town of Oslob. It poised to build a commercial hub in its planned 10-hectare reclamation lot. Dumanjug, another town in Cebu, wants to establish income-generating food and commercial facilities in its undetermined size of reclamation area.

Each of the five-hectare reclamation projects in the towns of Carmen and Compostela will be home to their respective public market, transport facilities and structures to protect residents from storm surges.

Dumaguete Smart City

Area: 174 hectares (430 acres)

The Dumaguete Smart City, a 174-hectare, 23-billion-peso township project aims to transform Dumaguete, a city in central Philippines, into a technologically advanced urban center. The project is expected to drive significant economic growth and social benefits for Dumaguete.

By improving infrastructure and public services, the Smart City initiative aims to attract new investments, create job opportunities, and boost the local economy. The integration of smart technologies is also anticipated to enhance the quality of life for residents, providing better healthcare services, improving education systems, and ensuring more efficient public transportation.

Efforts are being made to minimize the environmental footprint through the use of green technologies and sustainable practices.

Looking ahead

Reclamation, like bridge-building, does offer significant economic and social benefits.

It's not all bed of roses. Besides the engineering challenges, there are environmental concerns raised. Fisherfolk and local communities have expressed their opposition to some of these projects, citing their potential negative environmental impacts. These concerns, and others, must be carefully considered to ensure sustainable practices and comprehensive environmental assessments, in order to mitigate the downsides.

Adherence to national and local regulations, i.e. conducting comprehensive Environmental Impact Assessments (EIA), securing necessary permits and approvals from relevant authorities, including the Philippine Reclamation Authority (PRA) and the Department of Environment and Natural Resources (DENR), and thorough environmental scrutiny underscores the need to balance development with ecological preservation.

Go for Gold! Filipino athletes who qualify for the Olympic Games Paris 2024

LIST: Filipino athletes qualified for the Olympic Games Paris 2024

Kiko Demigillo
OneSports
02 June 2024

As the world eagerly anticipates the 2024 Paris Olympics, a wave of Filipino athletes has emerged, poised to make their mark on the global stage.

Representing a range of sports including weightlifting, gymnastics, rowing, and fencing, these athletes have earned their spots through outstanding performances in international competition.

Let's take a look at the 15 Filipinos that now have their shot at competing for the gold in France later this year.

EJ Obiena (Athletics-Pole Vault)

Arguably, the country's best chance at bagging a gold medal in Paris.

Obiena qualified for the Olympics after clearing 5.82 meters in the BAUHAUS-Galan leg of the Diamond League in Stockholm last July.

The Asian record holder will look to continue his fine form in the hopes of bagging the country's second gold medal in the Olympics, following in the footsteps of Hidilyn Diaz in Tokyo three years ago.

Caloy Yulo (Gymnastics-Floor Exercise)

Yulo likewise secured his spot in Paris early on following his performance in the Artistic Gymnastics World Championships last October.

Despite finishing third in the event, Yulo was able to qualify after all of his opponents had already secured Olympic berths through the men’s all-around qualification.

Paris will be the 24-year-old gymnast's second appearance in the Olympics following his debut in Tokyo in 2021 where Yulo finished fourth in the vault.

Aleah Finnegan (Gymnastics-All Around)

The Philippines will have its first female gymnast in the Olympics in 60 years, as Aleah Finnegan secured her spot for Paris by being among the top 14 eligible athletes in the women's all-around qualification at the World Artistic Gymnastics Championships in Antwerp, Belgium last October.

Finnegan, who initially competed as part of the USA women's gymnastics team, has swiftly transitioned to representing the Philippines.

Last year, she made her debut for the country at the Southeast Asian Games in Vietnam, where she clinched gold medals in vault and team events, and also secured a pair of bronze medals at the Asian Artistic Gymnastics Championships in Singapore in June.

Eumir Marcial (Boxing)

Three Filipino boxers have already secured their spots in the Paris Games.

The first one being Eumir Marcial after advancing to the gold medal round of the men’s 80kg class in the 19th Asian Games.

Even as gold eludes Marcial, Eumir is expected to be a top contender as he challenges for the gold once more in Paris.

Nesthy Petecio (Boxing)

Nesthy Petecio, who settled for silver in the Tokyo 2020 Olympics, has once again secured her place in the Summer Games.

This time, Petecio clinched one of the two available spots in the women's featherweight 57kg division by defeating Esra Kahraman Yildiz of Turkey in the semifinals, emerging victorious via split decision.

Aira Villegas (Boxing)

Aira Villegas will be stepping onto the Olympic stage for the first time, having secured one of the four slots in the women's 50kg division.

Her path to the Olympics was solidified with a victory over Bulgaria's Genadieva Zlatislava in the quarterfinals, earning a unanimous decision in her favor.

John Ceniza (Weightlifting)

Weightlifter John Ceniza is poised for his Olympic debut after securing his spot for the Paris Games with a strong performance in the International Weightlifting Federation (IWF) World Cup men’s 61kg event in Phuket, Thailand, on April 2, 2024.

The 26-year-old Cebuano comfortably met the qualification cutoff. Only the top 10 in each weight category will compete on the sport’s biggest stage.

Elreen Ando (Weightlifting)

Elreen Ando earned her place for a return to the Olympics after a solid performance in the IWF World Cup in Phuket, Thailand, on April 3, 2024. She secured her spot in the women’s 59kg division for the Paris Games.

The 25-year-old Cebuana weightlifter outperformed Hidilyn Diaz, the Philippines’ first Olympic gold medalist, with a total lift of 228kg in the World Cup. This placed her within the top 10 qualification cutoff.

Ando, who set a new Southeast Asian Games record last year, aims to surpass her seventh-place finish from her Olympic debut in the Tokyo Games in 2021.

Vanessa Sarno (Weightlifting)

Vanessa Sarno, the reigning Southeast Asian Games champion, secured her spot in the Paris Games on April 7, 2024, leading the largest Philippine weightlifting team in the Olympics in nearly 40 years.

The 20-year-old Bohol native remained in the top 10 of the IWF Olympic Qualification Ranking after an impressive performance in the World Cup, where she broke her own national record in the snatch event.

Levi Jung-Ruivivar (Gymnastics)

Levi Jung-Ruivivar made a remarkable breakthrough to become the Philippines’ third gymnastics representative for the Paris Games.

The Filipino-American teenager, who narrowly qualified for the final, won a silver medal in the women’s uneven bars at the FIG Artistic Gymnastics World Cup Series in Doha, Qatar, on April 19, 2024.

This achievement boosted her qualification points, making her the country’s 10th Olympian for Paris.

Joanie Delgaco (Rowing)

Joanie Delgaco became the first female rower from the Philippines to qualify for the Olympics on April 21, 2024, following a strong showing in the women’s single sculls at the World Rowing Asian and Oceanian Olympic Qualification Regatta in Chungju, South Korea.

Delgaco finished fourth in the 2,000-meter event, securing her spot in the top five and her ticket to Paris.

Samantha Catantan (Fencing)

Philippine fencing will make a return to the Olympic stage after three decades, thanks to Samantha Catantan’s success in the continental Paris Games qualifiers.

The former UAAP standout won the women’s foil category at the Asia-Oceania Zonal Olympic Qualifier in Fujairah, United Arab Emirates, on April 27, 2024, becoming the first Filipino fencer to earn an Olympic spot since Walter Torres competed in the 1992 Barcelona Games.

Emma Malabuyo (Gymnastics)

After previously serving an alternate gymnast for the United States in the 2020 Tokyo Olympics, Emma Malabuyo is set to represent the Philippines after qualifying for the 2024 Paris Olympics.

Malabuyo finished third in the individual all-around event at the 2024 Asian Gymnastics Championships on Friday in Tashkent, Uzbekistan.

Despite missing out on qualification through the FIG World Cup Apparatus series, the 21-year-old excelled by scoring 50.398 points.

This earned her not only a bronze medal, her first in the Asian championships, but also the status of the highest-ranked eligible athlete for the Summer Games.

Carlo Paalam (Boxing)

Tokyo silver medalist Carlo Paalam secured his place in the Olympic Games Paris 2024 by earning his spot through the 2nd World Qualification Tournament held in Bangkok, Thailand.

Paalam triumphed over India's Sachin Sachin in the semifinals of the men's 57-kg category with a 5-0 score. Two judges scored the bout 30-27 in favor of the Filipino fighter, while three judges had it at 29-28.

This victory earned Paalam his ticket to Paris, which he had previously missed due to a shoulder injury that disrupted his campaign in the first World Qualification Tournament in March.

Hergie Bacyadan (Boxing)

Hergie Bacyadan likewise secured her spot for Paris 2024 by winning via unanimous decision against Venezuela’s Maryelis Yriza in the women’s 75-kg category at the 2nd World Qualification Tournament in Thailand.

Bacyadan dominated Yriza in their quota bout, securing one of the four available tickets in their weight class.

She knocked down Yriza in the second round, leading to a 5-0 victory in her third fight of the World Boxing Olympic Qualification Tournament 2.