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Airports and trains
Over breakfast some years back, in one of those times I had the opportunity to sit down with tycoon Ramon S. Ang or RSA, together with a small group of fellow journalists, he talked about the importance of having an airport express similar to Hong Kong’s much-touted MTR which connects the airport to the rest of the city. .....»»
GCash sets sights on further international expansion
With GCash Overseas, Filipinos in the United States, Canada, the United Kingdom, Spain, Italy, Germany, Qatar, Kuwait, Japan, South Korea, Taiwan, Singapore, Hong Kong and Australia can now download and use the GCash app, whether they have Philippine SIMs or local mobile phone numbers in the countries or territories where they live......»»
Elijah Woods on first-ever Asia tour, ‘loving’ Filipino fans
Canadian singer-songwriter and producer Elijah Woods (stylized as elijah woods) is bringing to Asia his ilu 24/7, 365 tour. The series of shows will commence on May 13 in Singapore and travel through Kuala Lumpur, Bangkok, Hong Kong, Manila, Tokyo and Taipei......»»
Hong Kong, Philippines work to enhance relations
Filipinos are slowly beginning to travel back to Hong Kong following continued efforts by the Hong Kong Economic and Trade Office to woo tourists from the Philippines, as well as renew and improve trade and economic ties between the two nations following the COVID-19 pandemic......»»
Germany weighs barring Chinese parts in 5G networks
Germany is considering a ban on parts made by Chinese manufacturers Huawei and ZTE in its 5G networks from 2026, government sources told AFP on Wednesday. According to government proposals, Chinese components would be excluded from the country's "core network" from January 1, 2026, the sources said. It is understood that the ban will apply not only to new parts but also those that have already been installed. The government also wants to begin phasing out parts made by Huawei and ZTE in Germany's "access and transport network," the sources said. The changes to Germany's 5G mobile networks run by Deutsche Telekom, Vodafone and Telefonica are "of high importance for the German government in terms of security policy", according to a draft interior ministry document seen by AFP. Germany has "significant structural dependencies" on Huawei and ZTE, the document says, leading to "an urgent need for action". The plan marks part of Germany's strategy of "de-risking" its relationship with China, announced by Chancellor Olaf Scholz in July, according to the draft document. Germany in July presented a 64-page document outlining its new strategy towards a more "assertive" China, its top trade partner. Seeking a balance between competing interests of the EU's biggest economy, the document sought to refresh Germany's stance toward China as a "partner, competitor and systemic rival". "We want to reduce critical dependencies in future," Chancellor Olaf Scholz said on presenting the strategy, saying Berlin had "reacted to a China that has changed and become more assertive". The post Germany weighs barring Chinese parts in 5G networks appeared first on Daily Tribune......»»
CoC reveries
An aversion to table the West Philippine Sea conflict and speeding up the progress of the Code of Conduct, or CoC, between the Association of Southeast Asian Nations, or ASEAN, and China is very evident in the ongoing Summit in Indonesia. The maritime conflict is not even on the official agenda and will be tackled only through optional bilateral meetings on the sidelines of the yearly assembly, which is all under the wishes of China. ASEAN, thus, is pushing itself into irrelevance by acceding to the wishes of China and its cohorts in the regional bloc like Cambodia. Despite its existence as an Economic Community since its inception, with full integration envisioned in 2025, much of its aspirations, including being a cohesive body to advance the interests of its members, remain a pipe dream. The CoC would have been a stellar achievement, but it was described as a moving goal post for more than two decades. In the ongoing ASEAN meeting, all that host Indonesia was able to commit to was a three-year deadline to finalize a CoC. Another set of guidelines is, thus, expected after the Jakarta assembly instead of a pact that will bind all the claimants in the maritime conflict. The guidelines, moreover, will have to be endorsed by regional leaders during the ASEAN-China Summit that is scheduled later. The Philippines is not confident about a substantial progress in the CoC despite its being the most urgent matter to maintain stability in the region. An official of the Department of Foreign Affairs said the outcome of talks on the long-delayed CoC will be limited “to mere reporting of past discussions.” “At most, there will be a report on what happened during the last meeting in the Philippines of the joint working group on the CoC,” which hardly equates to progress. During the third round of CoC talks in Manila from 22 to 24 August, discussions were stuck on the contentious issues of whether or not the CoC would be “legally binding.” China has historically resisted a legally binding CoC, the reason for the existence of the non-binding 2002 Declaration on the Conduct of Parties in the South China Sea, or DoC. In 2019, Foreign Minister Wang Yi indicated his optimism that a CoC would be completed within three years, or by 2022. It is now 2023. He also announced that China supported a CoC that had “binding force” and was “an upgraded and strengthened version” of the DoC. The discussions then came to a head due to the different perspectives among those at the negotiating table, which are the same obstacles blocking the resolution of the maritime rift. China has refused to recognize the Permanent Court of Arbitration award that the Philippines and other claimant countries use as a basis for their position in the DoC negotiations. In not recognizing the arbitral ruling and insisting on its historical basis for the territorial claims, China and ASEAN are not on the same page in the negotiations, meaning that hopes for an agreement are futile. Like what happened in the local context when the Communist Party of the Philippines sued for negotiations with the government and used it to consolidate its forces, China uses the CoC discussions as a delaying tactic to fortify its position. Its recent release of the 10-dash line, which was a rewriting of its territorial boundaries again based on historical data, proves China is not about to change its position. According to reports on the Summit, China will only support a legally binding code when its historical version prevails. Another term that China wants included in the negotiations is barring countries outside the region from interfering. It also wants economic activities at sea, including oil and gas development, “to be conducted in cooperation with companies from countries outside the region.” China also wants the CoC signatories not to “hold joint military exercises with countries from outside the region, unless the parties concerned are notified beforehand and express no objection.” The untenable conditions appear designed to prevent the CoC from ever coming into being. The post CoC reveries appeared first on Daily Tribune......»»
Analysts predict inflation rate at around 5.0% for August
The country's inflation rate will remain above the government's 2 to 4 percent target band, said private sector economists who slightly upgraded their price-rise forecasts for August. A DAILY TRIBUNE poll of analysts over the weekend yielded a median estimate of 5.0 percent for August inflation, within the 4.8 to 5.6 percent forecast given by the Bangko Sentral ng Pilipinas (BSP) last Thursday. If the August number matches the poll consensus, the median estimate will be higher than the 4.6 percent print in July 2023 but lower than the 5.4 percent inflation rate in June 2023. The Philippine Statistics Authority is expected to release the August inflation data on Tuesday, 5 September. Bank of the Philippine Islands's lead economist Emilio "Jun" Neri Jr. said higher prices of liquefied petroleum gas (LPG), kerosene, diesel and vegetables likely drove the Consumer Price Index much higher month-on-month. "Lower electricity (and) other food items may offset some of this," Neri said in an email to Daily Tribune. Rizal Commercial Banking Corp. chief economist Michael Ricafort said that the country's higher local palay and rice prices are one of the "main catalysts" for the August inflation print due to weather disturbances in most Southeast Asian countries affecting rice exports. He added that the agriculture damages caused by tropical storms in Northern and Central Luzon likewise affected the prices in the country. Ricafort likewise attributed the higher fuel prices and depreciating Philippine Peso against the US Dollar to the slightly higher inflation rate for August. "However, these are offset by mostly softer economic data in China and other countries, as partly weighed by higher inflation that reduced household spending and higher interest rates that led to higher borrowing costs," Ricafort said in a Viber message. Security Bank's senior assistant vice president and chief economist Robert Dan Roces also shared the same insights with other economists, saying that the primary factors contributing to the slight increase in the August inflation print are fuel and food prices. "Although the current diesel pump price is significantly lower than the P75 per liter average recorded in June of the previous year, food and fuel prices remain the main drivers of inflation. Notably, farm gate prices of other food items decreased in August compared to July," Roces said in an email. Despite these factors, Roces said the retailers may either be reluctant to reduce current prices or the price reduction price may be taking some time. Roces also underscored that the current inflation increase is mainly driven by the price of rice, which has recently surged by up to P10 per kilo. "Looking ahead, we still see that inflation will fall into the Bangko Sentral ng Pilipinas (BSP) target range of 2 percent to 4 percent by the fourth quarter of this year, barring sustained spikes in rice and fuel in the remaining months of 2023," Roces said. China Banking Corp. chief economist Domini Velasquez said core inflation is expected to continue its downtrend to around 6.0 percent in August despite the projected higher headline rate. "If realized, we do not expect BSP to react immediately to the expected inflation print with higher policy rates. Shocks for August were largely supply-side but have not, so far, detailed the inflation path toward the target range in (the fourth quarter). We still expect inflation to fall within the BSP's target by November," Velasquez said. The post Analysts predict inflation rate at around 5.0% for August appeared first on Daily Tribune......»»
Video disproves BBM: China still barring Filipino fishers
China still forbids Filipinos from fishing at Panatag (Scarborough) Shoal in the West Philippine Sea......»»
Pentagon chief reaffirms support after latest China aggression in WPS
Austin emphasized US support for the Philippines in defending its sovereign rights and jurisdiction in a phone call with Defense Secretary Gilberto Teodoro on Wednesday. .....»»
Dela Rosa considers war with China but admits: ‘Hindi naman natin kaya’
MANILA, Philippines — Senator Ronald “Bato” Dela Rosa is already fed up with China’s persistent harassments in the West Philippine Sea, prompting thoughts of engaging in war with Beijing. But he knows, war is not an option. “Naubos na ang sasabihin ko dapat dyan. Short of declaring war na tayo dyan against sa kanila e,.....»»
FOCAP condemns Chinese embassy’s claims on ‘manipulated’ West Philippine Sea videos
The Foreign Correspondents Association of the Philippines strongly rejected and condemned yesterday China’s “false and baseless” claims that journalists manipulate videosthey recorded in the South China Sea to present the Philippines as a victim......»»
Roque: Xi, Duterte agreed to keep West Philippines Sea status quo
The Philippines under former president Rodrigo Duterte had a “gentleman’s agreement” with China to keep the status quo in the West Philippine Sea, a former Cabinet official said yesterday, as fresh tensions surround the WPS due to recent incursions by Beijing that targeted a Filipino resupply mission and a research team......»»
Opinion - South China Sea- Philippines must softly manage disputes or miss out economically
Manilas assertive transparency strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing......»»
India backs Philippines in dispute with China
New Delhi has drawn a strong response from Beijing after reiterating its support for Manila in a territorial dispute India has "firmly reiterated" its support for the Philippines and its "national sovereignty," as Manila remains locked in a territorial dispute with Beijing in the South China Sea. Ten.....»»
India backs Philippines in sea dispute with China
New Delhi has drawn a strong response from Beijing after reiterating its support for Manila in a territorial dispute India has "firmly reiterated" its support for the Philippines and its "national sovereignty," as Manila remains locked in a territorial dispute with Beijing in the South China Sea. Ten.....»»
Philippine scientists harassed by China helicopter
Another case of harassment at sea by the Chinese has been reported – this time near Pag-Asa Island last Saturday – involving a helicopter, which hovered dangerously close to a group of Filipino scientists doing research work on a sand bar called Sandy Cay, causing minor injuries......»»
Panatag is proven PH territory; China claims it by bogus history
A civilian supply expedition to Panatag (Scarborough) is set this summer. The shoal is Philippine territory. Filipinos have every right to enter its 15,000-hectare lagoon bound by rocks and reefs......»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»
China blocks Philippine supply run in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine military supply boat in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»