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Chinese Diplomat Liu Jianchao Meets With Singapore s Leaders
singapore - Liu Jianchao, the senior diplomat widely expected to become China's next foreign minister, said "the world needs connectivity, not decoupling," during a four-day visit to Singapore.Liu, who heads the international department of the Communist Party, was in the city-state to meet with Prime Minister Lee Hsien Loong and the country's incoming leader, Deputy Prime Minister Lawrence Wong.During a s.....»»
India, Philippines have seen very perceptible growth in recent times: Jaishankar
Manila [Philippines], March 26 (ANI): Hailing ties between India and the Philippines, External Affairs Minister S Jaishankar, who is on a visit to the Philippines on Tuesday, said that ties between Delhi and Manila have witnessed a very perceptible growth in recent times. Addressing a joint press briefing with Philippine Secretary of Foreign Affairs Enrique Manalo, Jaishankar said, "As you all know, India's ties with the.....»»
Agdao Public Market vendors want variety and vegetable sections merged
DAVAO CITY (MindaNews / 24 March) – Vendors of Agdao Public Market here are asking the city government to merge the Variety and Vegetable Sections into one section claiming they have difficulties in getting customers because of their location. In a letter addressed to Mayor Sebastian Duterte, the City Administrator’s Office, the City Economic Enterprise […].....»»
Poe: State of calamity won’t solve Metro traffic
With an estimated P3.5 billion in economic losses incurred per day due to traffic congestion, the government should listen to experts and stakeholders to address the monstrous traffic jams in Metro Manila, Sen. Grace Poe said yesterday......»»
Stable power supply vital to economic prosperity
If there’s anyone in the world who has circled the globe extensively, US Secretary of State Antony Blinken wins hands down......»»
Diffusing tension
In his 2024 State of the Union Address, President Joseph Biden doubled down on his rhetoric against China as he boasted revitalized partnerships in the Pacific. He rattled off India, Australia, Japan, South Korea and the Pacific Islands. He said the United States is standing up against China’s economic practices while standing up for peace across the Taiwan Strait......»»
MAP wants Metro under ‘state of traffic calamity’
Business group Management Association of the Philippines (MAP) is calling on the government to declare a “state of traffic calamity” in Metro Manila, citing the economic losses from the congestion on roads......»»
Philippines, Japan, US foreign officials prepare for tri-summit
As the Philippines prepares for a trilateral summit with Japan and the US on April 11, Foreign Affairs Undersecretary Ma. Theresa Lazaro met on Thursday in Tokyo with Japanese Vice Foreign Minister Okano Masataka and US Deputy Secretary of State Kurt Campbell to discuss regional security issues and economic cooperation......»»
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......»»
Blinken Arrives in South Korea to Attend Democracy Summit
Seoul, South Korea - U.S. Secretary of State Antony Blinken arrived Sunday in South Korea on the first stop of a brief Asia tour also including the Philippines, as Washington moves to reinforce ties with two key regional allies.Blinken landed Sunday afternoon ahead of the third Summit for Democracy on Monday, an initiative of U.S. President Joe Biden, which Seoul is hosting this week.Before arriving in Se.....»»
From the Newsrooms: March 10 to 16, 2024
THE STATE of the ruling alliance has taken back the news spotlight as the President and his predecessor engaged in yet another sharp exchange, suggesting that all is not well in Team Unity. The depth of hostility between the two remains the subject of public speculation.The media this week reported yet another back-and-forth between President Ferdinand Marcos Jr. and the former president, Rodrigo Duterte. The ex.....»»
US State Secretary Blinken begins Middle East tour, marks his first stop in Saudi Arabia
Jeddah [Saudi Arabia], March 21 (ANI): US State Secretary Antony Blinken who began his Middle East tour arrived in Saudi Arabia on Wednesday, marking his first stop on this trip to discuss efforts to reach an "immediate ceasefire agreement" between Israel and Hamas, The New York Times reported. Blinken's visit to Jeddah came as US President Joe Biden's administration was hoping it could convince Saudi Arabia to establish.....»»
Steps gaining exporter status under RCEP outlined
Exporters wishing to avail themselves of preferential tariffs under the Regional Comprehensive Economic Partnership can apply with the Bureau of Customs to become an approved exporter, according to a customs official. Gina German, head of the Preferential Rate Unit of the BoC Port of Manila, is encouraging Filipino exporters to start leveraging the RCEP’s benefits, foremost of which is being allowed to source materials and products from the 14 other member parties of the mega free trade agreement at lower duty rates. Study and comply German also urged companies to study and comply with the RCEP’s rules of origin (ROO), a requirement to get preferential tariff treatment under the world’s biggest trade deal. Essentially, the ROO can be regarded as a passport for products, a way to determine the country of origin of a product and establish its eligibility for preferential tariff treatment. It can help businesses reduce costs and boost their competitiveness within the regional market. Under RCEP, originating goods are those falling under three categories: wholly obtained in the RCEP party or member state of the agreement; those produced in a party exclusively from originating materials from one or more of the parties; and those produced in a party using non-originating materials, provided the good satisfies the applicable requirements set out in Annex 3A (Product-Specific Rules). Documentary requirements German said applicants seeking “approved exporter” status under RCEP should submit the following documentary requirements: • Duly accomplished application form • BoC’s Certificate of Registration • Product Evaluation Report or PER, if applicable Meanwhile, traders applying for approved exporter status, should submit a producer’s declaration indicating the originating status of the good for which the trader will be completing a declaration of origin and stating the producer’s readiness to cooperate in verification. “If you are a trader, you need to know who produces the good or you still have a declaration that it is originating in the Philippines so that you will be ready during the retro verification or verification of the importing country,” said German during her talk last month at a Department of Trade and Industry webinar. In addition applicants have to submit a list of the authorized signatories of the DO and their respective specimen signatures. The application form should be submitted in both hard copy and electronic Portable Document Format to the deputy commissioner of the Assessment and Operations Coordinating Group through the Customer Care Center or CCC. The Export Coordination Division or ECD will then evaluate the application based on the following criteria: Exporter is a legitimate exporter who must have been transacting with the BOC for at least one year prior to the date of application Exporter must have been exporting products to at least one RCEP party for at least one year • Exporter must have good compliance measured by risk management of the BOC • Exporter must have a sound bookkeeping and recordkeeping system • Exporter must have responsible officers or persons authorized to sign the DO, who must have sufficient knowledge, competence in ROO application • Exporter must be willing to be subjected to regular monitoring and inspection to determine correctness of its declaration with respect to the goods exported. Written authorization After evaluation the ECD will grant the status of approved exporter to the successful applicants by issuing a written authorization with its corresponding authorization code within 14 working days. From there, the BOC will input the details of the approved exporter in its Approved Exporter Database for circulation among the RCEP parties. RCEP came into effect officially for the Philippines on June 2, 2023 after the Senate finally ratified the agreement in February this year. The Philippines was the last country to ratify RCEP, a free trade pact among the 10 members of the Association of Southeast Asian Nations — Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam — and the five ASEAN FTA partners Australia, China, Japan, South Korea, and New Zealand. The post Steps gaining exporter status under RCEP outlined appeared first on Daily Tribune......»»
RCEP key energy plan factor — Lotilla
The Department of Energy on Wednesday said where it concerns the Regional Economic Partnership or RCEP which Trade and Industry Secretary Alfredo Pascual said is set for roll out on 2 June 2023, it would welcome the National Economic and Development Authority Board’s endorsement of an executive order implementing tariff commitments under the major trade bloc deal that would elevate the country’s energy programs. Tariff commitments under the RCEP will be implemented in the country 60 days after the government deposited the instrument of ratification with the ASEAN Secretary-General last 3 April. Pascual presented to the NEDA Board, chaired by President Ferdinand R. Marcos Jr., the executive order that would operationalize the implementation of the country’s tariff commitments under the RCEP agreement. Progressive trade liberalization With this, Energy Secretary Raphael Lotilla said he believes that the RCEP Agreement is reflective of the country’s interest to progressively liberalize trade and create a competitive investment environment in the region for the Philippine energy sector. He said RCEP, a major trade breakthrough that entered into force on 1 January 2022 for ten original parties namely Australia, Brunei Darussalam, Cambodia, China, Japan, Laos, New Zealand, Singapore, Thailand and Vietnam, provides opportunities for expanded market access and establishes clear, stable, and predictable rules on trade in energy goods and services, including investments among participating countries. RCEP entered into force for the Republic of Korea on 1 February 2022, for Malaysia on 18 March 2022 and for Indonesia on 2 January 2023. Aggressive push Further, Lotilla said energy-related trade in services would further improve the business climate of the energy sector in the country, “supportive of the Department’s aggressive push for the exploration, development, and utilization of the country’s indigenous energy resources as we are transitioning to a low-carbon future.” Even before the country acceded to RCEP, the ASEAN and ASEAN+1 Free Trade Partners already enjoyed zero percent tariff rates on energy goods covered under Chapter 27 of the Tariff Book published by the Tariff Commission. This is preserved in the RCEP Agreement as a reaffirmation of the continued cooperation on energy trade in the region. Tariff elimination important According to Lotilla, tariff elimination is important to ensure an unhampered supply of commodities, considering the reduced production from the Malampaya reserves. Also, the zero percent tariff rates are also applicable to liquefied natural gas, with the Philippines considering this as transition fuel for power plants supporting variable renewable energy coming into play this year in the country. “Thus, RCEP would not cause any adverse impact on imported energy goods such as oil and gas,” Lotilla said. “In addition, the zero percent tariff rates on coal products were extended to Most-Favored-Nation countries in light of the Russia-Ukraine crisis, which affected the global economic situation and the steady supply of commodities in the world.” In evaluating international agreements affecting the Philippine energy sector, the DoE considers investments, energy security, and access to technologies, maintaining that the energy sector is a capital-intensive undertaking where Filipino capital may not be sufficient. Advanced technological capabilities Lotilla said developed RCEP Partner Countries have advanced technological capabilities. Services by these countries in the Philippines could enhance technology transfer to local counterpart companies and the DoE. He also stressed that international energy cooperation is vital in pursuing collaborative activities with other countries to achieve greater energy self-sufficiency, security and sustainability. “These efforts are geared towards ensuring the country has enough energy supply to power Filipino households and communities. The DoE remains at the forefront in supporting President Marcos Jr. on this undertaking. As articulated in the latest 2020-2040 Philippine Energy Plan, the DoE works steadily across borders, consistent with its thrust of fostering stronger international relations and partnerships meant to elevate the country’s energy programs and projects to attract foreign investments,” he said. “Above all, the DoE is one with the Philippine government in assuring the public that the RCEP Agreement will not adversely impact the country’s energy supply chain. At the very least, it will further boost and encourage trade and investments in the country toward affordable, reliable, resilient, secure, clean, sustainable, climate-centered, and accessible energy,” Lotilla stressed. The post RCEP key energy plan factor — Lotilla appeared first on Daily Tribune......»»
Maroons gain new backer, head overseas for UAAP buildup
The UP Fighting Maroons received a big boost in their UAAP Season 87 men’s basketball buildup as BPI joined the list of backers for the Diliman-based team earlier this month......»»
Contagious pertussis disease continues spreading in Philippines
MANILA, March 28 (Xinhua) -- The contagious pertussis has continued spreading in the Philippines, where it has caused at least 40 death cases, after a province near the capital region reported an outbreak of the disease. In a social media post on Wednesday night, the Cavite government posted a resolution declaring the province under a state of calamity "due to the outbreak of pertussis" after logging 36 cases an.....»»
Cebu City declares state of calamity in 28 mountain barangays due to el Niño
CEBU CITY, Philippines – In response to the escalating effects of the ongoing El Niño phenomenon, Cebu City has declared a “state of calamity” in 28 mountain barangays. This decision comes after a resolution was passed with reports of dwindling water sources and agricultural distress, prompting urgent measures to assist affected communities in the city. .....»»
NBA: Warriors win against Magic despite Green ejection
The Golden State Warriors, fueled by 23 points from Andrew Wiggins and two late baskets by Stephen Curry, beat the Magic 101-93 in Orlando, despite the ejection of Draymond Green just 3 minutes 36 seconds into the contest. Curry was left shaking his head when Green was tossed, receiving two quick technical fouls for heatedly.....»»
Akbayan to Sara: You don’t have to be president to speak vs China
MANILA, Philippines — Party-list group Akbayan said on Thursday that Vice President Sara Duterte does not have to be a president of the country for her to call out China’s intrusive actions over the West Philippine Sea (WPS). Empathy and a moral backbone is just what it takes to stand up with fisherfolk and frontline.....»»
Roque bares Duterte, China agreement to respect status quo in WPS
Roque bares Duterte, China agreement to respect status quo in WPS.....»»