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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.....»»
Chinese presence at NGCP
The Chinese presence at NGCP can be blamed on former president Gloria Macapagal-Arroyo who allowed it to happen. She was very close to China, trying a pivot to China away from the United States through Chinese supported infrastructure projects......»»
Stock markets dip as US inflation comes into view
Stock markets drifted lower on Monday as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates going into the new year. Oil prices fell nearly two percent before bouncing higher and then sliding back lower as dealers awaited a delayed meeting of OPEC and its allies to decide over output levels. With Wall Street seeing little action at the back of last week owing to the Thanksgiving break, traders had few catalysts to drive action, though analysts were upbeat about the end of the year. "Although there isn't much buying interest at the moment, it's more notable that there still isn't much selling interest," said Briefing.com analyst Patrick O'Hare. The retreat in equities comes after a recent run-up across world stock markets fuelled by bets the US central bank has finished lifting interest rates as inflation comes down and the jobs market comes off the boil. Expectations that the Federal Reserve is done with hiking rates continued to weigh on the dollar Monday. The main focus this week is the release Thursday of the personal consumption expenditures (PCE) price index, the Fed's preferred gauge of inflation. "These numbers will be closely scrutinized for insights into inflation trends and their potential implications for monetary policy decisions," said SPI Asset Management's Stephen Innes. "While the current backdrop does not signify 'mission accomplished' in terms of addressing inflation, policymakers must now focus on planning for the next phase of the economic battle." Still, observers were upbeat about the outlook, with the latest weakness blamed on traders taking a breather after a strong month. Tony Sycamore, at IG Group, said early December could see some selling as investors "rebuild energy and (look) to set up for the end-of-year fireworks". Others said a drop in Wall Street's VIX "fear gauge" -- a measure of equity volatility -- to its lowest since January 2020 suggested investors were getting their mojo back. Eyes are also on developments at OPEC after the group and its allies, notably Russia, delayed a meeting aimed at agreeing production quotas, with some African countries said to be baulking at Saudi Arabian calls for more cuts. The group is thought to be close to reaching an agreement that could see the Saudis and Russia extend output reductions into the new year. OANDA analyst Craig Erlam said the OPEC+ group has shown in the past it usually can get a deal done, even if Saudi Arabia and Russia need shoulder bigger cuts. "But the question is how far they'll push it, given the recent trend in oil prices and increasing concerns around global growth next year," said Erlam. Crude prices have fallen in recent weeks as demand is seen coming down owing to slowing economies, particularly China's, and the Middle East conflict appears to not have expanded to include other countries in the region. Key figures around 1630 GMT New York - DOW: DOWN 0.2 percent at 35,338.58 points London - FTSE 100: DOWN 0.4 percent at 7,460.70 (close) Paris - CAC 40: DOWN 0.4 percent at 7,265.49 (close) Frankfurt - DAX: DOWN 0.4 percent at 15,966.37 (close) EURO STOXX 50: DOWN 0.4 percent at 4,354.41 (close) Tokyo - Nikkei 225: DOWN 0.5 percent at 33,447.67 (close) Hong Kong - Hang Seng Index: DOWN 0.2 percent at 17,525.06 (close) Shanghai - Composite: DOWN 0.3 percent at 3,031.70 (close) Euro/dollar: UP at $1.0935 from $1.0922 Pound/dollar: UP at $1.2611 from $1.2585 Euro/pound: DOWN at 86.70 pence from 86.79 pence Dollar/yen: DOWN at 148.94 from 149.56 yen West Texas Intermediate: DOWN 0.1 percent at $75.44 per barrel Brent North Sea crude: DOWN 0.3 percent at $80.36 per barrel .....»»
Propaganda war
There is a second battlefield that those involved in unavoidable conflicts should consider if they are to win the war. Experts love to call it the propaganda war, one that is fought not on the field, but in the hearts and minds of the international community, which is just as intense and vital as the physical war. In the ongoing Israel-Hamas conflict and the tension between China and the Philippines in the West Philippine Sea, propaganda plays a pivotal role in shaping international perception, gaining domestic support, and influencing the narrative of these disputes. The Israel-Hamas conflict is one of human history’s most enduring and deeply entrenched disputes. Both parties employ propaganda to advance their respective narratives and garner support from both domestic and international audiences. Israel and Hamas turn to propaganda to shape the narrative of the conflict. Israel emphasizes its right to self-defense, portraying Hamas as a terrorist organization that fires rockets indiscriminately at Israeli civilians. On the other hand, Hamas portrays itself as a resistance movement fighting against Israeli oppression, garnering support from various sympathizers. Media manipulation is a crucial aspect of the propaganda war in this conflict. Both sides use social media, videos, and press releases to share their version of events. The viral nature of social media allows these messages to spread quickly and influence public opinion worldwide. Both Israel and Hamas leverage propaganda to portray themselves as victims. Israel highlights the trauma and suffering of its civilians subjected to rocket attacks, while Hamas emphasizes the civilian casualties in Gaza caused by Israeli military operations. The propaganda war in the Israel-Hamas conflict deepens divisions between both sides and makes a peaceful resolution even more challenging. It also has broader implications for regional and international relations, as support for one party over the other can be influenced by the effectiveness of their propaganda efforts. The tension between China and the Philippines in the West Philippine Sea, on the other hand, is characterized by competing territorial claims and power disparities, making propaganda an important tool in the conflict. China has utilized propaganda to assert its territorial claims in the South China Sea, including the West Philippine Sea. The “nine-dash line” map and historical claims are frequently promoted, often without international legal basis. Propaganda is also employed to discredit the Philippines and other claimants. China has accused the Philippines of aggression and portrayed itself as a guardian of regional peace, which may appeal to domestic audiences and some international allies. China’s naval and aerial displays in the South China Sea are often publicized to intimidate and demonstrate its military prowess. These actions are combined with nationalist rhetoric in domestic propaganda to showcase China’s strength and resolve. The use of propaganda in the China-Philippines tension exacerbates regional instability and hinders peaceful negotiations. It raises questions about how diplomacy can succeed in the face of intense nationalist propaganda within China and the resulting pressure on the Philippine government to protect its sovereignty. If you notice, China often resorts to the blame game in countering any protest from the Philippines whenever there are incidents of aggression in the disputed waters. In the case of the latest harassment of Philippine vessels on a resupply mission to Ayungin shoal, China blamed the Philippines for the collision. It immediately sent to the media its video of the incident. The intensity of the propaganda in these conflicts can hinder diplomatic efforts. It reinforces entrenched positions, making it difficult for parties to find common ground. As these conflicts persist, the role of propaganda in perpetuating hostilities and deepening divisions cannot be underestimated. Efforts to promote peace and resolution must be mindful of propaganda’s role in perpetuating these conflicts. The post Propaganda war appeared first on Daily Tribune......»»
China bullies Phl resupply vessels
The Philippines and China on Sunday blamed each other for the collisions of their ships in the West Philippine Sea, a portion of the South China Sea which the two countries both claim. The two countries separately issued strongly worded statements after the collision of their vessels near the Ayungin Shoal, which the latter refers to as Ren’ai Reef. The National Task Force for the West Philippine Sea accused the CCG of performing “dangerous blocking maneuvers” that resulted in a collision with the Unaiza on May 2. The Unaiza May 1 and 2 are boats contracted by the Armed Forces of the Philippines for a resupply mission to the BRP Sierra Madre. Unaiza 1 was able to complete its mission. The NTF-WPS condemned the “provocative, irresponsible, and illegal action” of the China Coast Guard ship, which “imperiled the safety” of the Unaiza May 2 crew. The United States and Canada condemned China’s action, while Germany expressed concern over the latest development in the WPS. (See related story) ‘Trespassing’ In the same resupply mission, a Chinese maritime militia vessel “bumped” the Philippine Coast Guard BRP Cabra’s port side, which was escorting the resupply vessels while it was lying approximately 6.4 nautical miles northeast of Ayungin Shoal. The NTF-WPS said it “condemns in the strongest degree the latest dangerous, irresponsible, and illegal actions of the CCG and the Chinese maritime militia done this morning.” It stated that the Philippine sovereignty, sovereign rights, and jurisdiction were “violated” by the conduct of the Chinese Coast Guard and maritime militia vessels. The Philippines also described the incident as an “utter blatant disregard of the United Nations Charter, the United Nations Convention on the Law of the Sea Convention on the International Regulations for Preventing Collisions at Sea and relevant international maritime conventions, and the 2016 Arbitral Award.” For its part, China blamed the Philippines, stressing that its vessels “trespassed” into the adjacent waters of Ren’ai Reef in China’s Nansha Islands without permission. “Since the Philippine side ignored China’s repeated warnings, the China Coast Guard responded lawfully and blocked the Philippine vessels which were illegally carrying construction materials,” the CCG said in a statement shared by the Chinese Embassy in Manila to Filipino journalists. The CCG also said that the Unaiza Mae 2 “sailed at the bow of China Coast Guard 5203 (which it said was conducting law enforcement activities lawfully) in a way that was neither professional nor safe in spite of China’s advanced notice and repeated warnings.” China also blamed the Philippine side for the “bumping” of the PCG’s BRP Cabra and its militia vessel. “At 08:13 A.M., the Philippine vessel 4409 began to astern deliberately, leading to the collision of the stern of its vessel into the starboard of China’s static floating Qiong Sansha Yu 00003,” it said. “The move was to make faults with China and escalate the current situation,” it added. It continued: “The Philippines’ action seriously violated the International Regulations for Preventing Collisions at Sea and threatened the navigation safety of the Chinese vessels.” China also insisted that their operations were “professional, legitimate and lawful and the responsibility lay entirely with the Philippine side.” Ayungin Shoal, also known as Second Thomas Shoal, is 105 nautical miles west of Palawan and part of the Philippines’ exclusive economic zone. China claims the vast South China Sea, including the West Philippine Sea. On 12 July 2016, the Philippines won its arbitral case against China in the Permanent Court of Arbitration — a landmark decision that China continues to reject. WITH RAFFY AYENG @tribunephl_raf The post China bullies Phl resupply vessels appeared first on Daily Tribune......»»
Phl, China trade barbs over ships’ collision in WPS
The Philippines and China blamed each other on Sunday for the collisions of their ships in the West Philippine Sea, a portion of the South China Sea, which the two countries both claim. The two countries separately issued strongly worded statements after the collision of their vessels near the Ayungin Shoal, which the latter refers to as Ren’ai Reef. The National Task Force for the West Philippine Sea accused the CCG of performing "dangerous blocking maneuvers" that resulted in a collision with the Unaiza May 2, an indigenous boat contracted by the Armed Forces of the Philippines for a resupply mission to the BRP Sierra Madre. The NTF-WPS condemned the “provocative, irresponsible, and illegal action” of the China Coast Guard ship which “imperiled the safety” of the Unaiza May 2 crew. In the same resupply mission, a Chinese Maritime Militia vessel “bumped” the Philippine Coast Guard BRP Cabra’s port side which was escorting the Philippine vessels while it was lying approximately 6.4 nautical miles northeast of Ayungin Shoal. The NTF-WPS said it “condemns in the strongest degree the latest dangerous, irresponsible, and illegal actions of the CCG and the Chinese maritime militia done this morning.” It stated that the Philippine sovereignty, sovereign rights, and jurisdiction were “violated” by the conduct of the Chinese Coast Guard and maritime militia vessels. The Philippines also described the incident as an “utter blatant disregard of the United Nations Charter, the United Nations Convention on the Law of the Sea Convention on the International Regulations for Preventing Collisions at Sea and relevant international maritime conventions, and the 2016 Arbitral Award.” ‘Trespassing’ For its part, China threw the blame on the Philippines side, stressing that its vessels “trespassed” into the adjacent waters of Ren’ai Reef in China’s Nansha Islands without permission. “Since the Philippine side ignored China’s repeated warnings, the China Coast Guard responded lawfully and blocked the Philippine vessels which were illegally carrying construction materials,” the CCG said in a statement shared by the Chinese Embassy in Manila to Filipino journalists. The CCG also said that the Unaizah Mae 2 “sailed at the bow of China Coast Guard 5203 (which was conducting law enforcement activities lawfully) on purpose in a way that was not professional nor safe in spite of China’s advanced notice and repeated warnings.” China also blamed the Philippine side for the “bumping” of the PCG’s BRP Cabra and its militia vessel. “At 08:13 A.M., the Philippine vessel 4409 began to astern deliberately, leading to the collision of the stern of its vessel into the starboard of China’s static floating Qiong Sansha Yu 00003,” it said. “The move was to make faults with China and escalate the current situation,” it added. It continued: “The Philippines’ action seriously violated the International Regulations for Preventing Collisions at Sea and threatened the navigation safety of the Chinese vessels.” China also insisted that their operations were “professional, legitimate and lawful and the responsibility lay entirely with the Philippine side.” Ayungin Shoal, also known as Second Thomas Shoal, is located 105 nautical miles west of Palawan and is part of the Philippines’ exclusive economic zone. China claims the vast South China Sea, including the West Philippine Sea. On 12 July 2016, the Philippines won its arbitral case against China in the Permanent Court of Arbitration – a landmark decision that China continues to reject. The post Phl, China trade barbs over ships’ collision in WPS appeared first on Daily Tribune......»»
Shun mass protests in Egypt
Filipinos in Egypt have been advised to avoid joining any protests following the mass demonstrations, denouncing the bombing of a hospital in the Gaza Strip that reportedly killed at least 500 civilians. In an advisory, the Philippine Embassy in Egypt cautioned Filipinos against joining the random demonstrations and planned mass actions. “The Philippine Embassy in Cairo advises everyone to exercise caution, keep away from mass congregations, and stay home unless necessary,” it said. According to the Department of Foreign Affairs, there are 1,990 Filipinos in Egypt. Egyptians took to the streets to express their anger over the bombing of the Al-Ahli Baptist Hospital in Gaza, which left hundreds of Palestinians dead. In one of the demonstrations, a Palestinian flag was raised while an Israeli flag was burned. The demonstrations came after Egypt’s President Abdel-Fattah el-Sissi called on Egyptians to express solidarity with the Palestinians amid the Israel-Hamas war. This developed as top diplomats of the Association of Southeast Asian Nations on Friday denounced the ongoing war in the Middle East. End bloodshed In a statement, the foreign ministers of the 10-member regional bloc called for an immediate end to the bloodshed. “We strongly condemn the acts of violence which have led to the deaths and injuries of civilians, including ASEAN nationals,” the foreign ministers said. “We urge the immediate end of violence to avoid further human casualties and call for the full respect of international humanitarian law,” it added. Israel and the Palestinian militant group Hamas are engaged in armed conflict following the surprise attack launched by the terror group on Israel last 7 October. The attack by Hamas has left more than 1,400 dead, most of them massacred on the first day of the assault. Meanwhile, the widespread airstrikes on the Gaza Strip have reportedly left at least 3,478 dead. ASEAN also called on “all parties to create safe, rapid and unimpeded passages of human corridors.” Last week, Israel imposed a 24-hour deadline for 1.1 million civilians to evacuate northern Gaza ahead of its ground offensive in the Palestinian territory. Since then, millions of civilians, including foreign nationals, have scrambled to move from northern Gaza to southern Gaza in hopes of exiting the war-torn territory. The bulk of civilians are swarming to the Rafah border in an attempt to enter Egypt despite the border remaining closed and the restricted availability of food, water and electricity. Two-state solution Meanwhile, ASEAN reaffirmed its support for a “negotiated two-state solution that allows Israelis and Palestinians to live side-by-side in peace and security consistent with relevant United Nations Security Council resolutions.” “This will be the only viable path to resolving the root cause of the conflict,” it said. The regional bloc also called on the “international community to support the peace process in order to ensure long-lasting peace and stability in the region.” “We have issued our respective national statements on the escalation of armed conflicts in the Middle East,” it said. On Wednesday, the Philippines, one of the founding members of ASEAN, expressed its “profound sadness” over the bombing of a hospital in the Gaza Strip, which reportedly killed at least 500 civilians. Israel and Hamas denied being behind the attack and blamed each other for the bombing. The Philippines said all parties should “do their utmost to protect civilians in times of war and armed conflict.” “We support efforts of the United Nations to provide humanitarian relief in the conflict areas,” it said. According to the Department of Foreign Affairs, there are 135 Filipinos in the Hamas-controlled Gaza. Deep concern In Riyadh, Saudi Arabia, where President Ferdinand Marcos Jr. is attending the ASEAN-Gulf Cooperation Council Summit, the Chief Executive expressed deep concern over the rising number of victims and the safety of those affected by the conflict. In his intervention during the 1st ASEAN-GCC Summit here on Friday, Marcos said, “All parties (should) exert their utmost efforts to de-escalate the situation, stop all violence, and engage in dialogue and diplomacy.” He called on the members of the GCC and ASEAN to work together to promote peace, security, and stability in the South China Sea and the Arabian Sea. Marcos also underscored the importance of cooperation between member countries of the two regional groups to ensure their continued prosperity. “As the two regional organizations located astride the major sea gates and vital corridors of the world’s commerce and communications, it is imperative that we work together to promote peace, security, and stability in both our regions, the South China Sea and the Arabian Sea, grounded on the rules-based international order to ensure the stability and prosperity of our countries and the rest of the world,” Marcos said. “Peace and stability are indispensable to ensuring continued prosperity in our respective regions and the world,” he added. The six GCC member countries are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, while the 10 ASEAN member countries are Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. President Marcos attended the ASEAN-GCC Summit, where he discussed business opportunities in the Philippines and urged investors to invest in the Maharlika Investment Fund, among other significant opportunities in the Philippines. The post Shun mass protests in Egypt appeared first on Daily Tribune......»»
‘A form of pain’: China basketball fans pile in after latest loss
Fed-up Chinese basketball fans berated and mocked the men's national team on Thursday after the hosts' agonizing 77-76 defeat to the Philippines in the Asian Games semi-finals. The hashtag "Chinese men's basketball lost twice to Philippines in 32 days" received 28 million views on Chinese social media site Weibo in the hours following Wednesday night's loss in Hangzhou. "Watching you play basketball is a form of pain, isn't it?" read one popular meme, as the online world in China piled in. Basketball is hugely popular in the country but the men's team have consistently failed to meet high expectations, despite former NBA star Yao Ming playing a leading role in the sport. At the recent Basketball World Cup, China finished bottom of their group and then lost 95-75 to the Philippines in a classification match. Fans online once again accused the team -- who play Taiwan on Friday for bronze -- of being spoiled by their high salaries and VIP treatment. "All you can think about is making money," one Weibo user wrote. "But you have to do your job well while making money." In perhaps the biggest insult of all, another warned the basketball team were in danger of being on a par with the much-derided men's national football side. Hu Jie, in a commentary for state-owned newspaper The Paper, blamed the Chinese team's lack of familiarity with major international competitions. "Since the end of the 2019 men's World Cup, Chinese basketball has noticeably reduced its exchanges with the rest of the world," Hu wrote, pointing to the Chinese Basketball Association's shift away from bringing in foreign players as well as Covid-19 travel curbs. The post ‘A form of pain’: China basketball fans pile in after latest loss appeared first on Daily Tribune......»»
China opposes sanctions over fentanyl crisis
Beijing said on Wednesday it firmly opposed sanctions placed by the United States on a China-based network for producing and distributing chemicals believed to fuel the fentanyl crisis. The US administration of President Joe Biden had on Tuesday announced sanctions against 25 individuals and entities based in China, alongside three other parties in Canada. The US Justice Department also announced eight indictments charging China-based chemical manufacturing firms and staff, with Attorney General Merrick Garland saying that the global supply chain of fentanyl “often starts with chemical companies in China.” “We firmly oppose the United States’ sanction and prosecution against Chinese entities and individuals, and the severe infringement of the lawful rights and interests of the relevant enterprises and persons,” Beijing’s foreign ministry told Agence France-Presse. “The fentanyl crisis in the United States is rooted in the country itself,” it said, adding that Beijing has “lodged solemn representations to the United States.” Biden’s administration has made the fight against fentanyl a priority, with the synthetic opioid blamed for tens of thousands of deaths in recent years. “We know that this global fentanyl supply chain, which ends with the deaths of Americans, often starts with chemical companies in China,” Attorney General Merrick Garland told a press briefing. He said it was “critical” that Beijing stops the “unchecked flow” of precursor chemicals coming from the country, adding that US officials will also raise the manufacturing and trafficking of fentanyl with their Mexican counterparts. Tuesday’s actions are aimed at exposing and disrupting a network “responsible for manufacturing and distributing illicit drugs,” said Deputy Treasury Secretary Wally Adeyemo said. The post China opposes sanctions over fentanyl crisis appeared first on Daily Tribune......»»
US sanctions China-based drug network over fentanyl
The United States announced sanctions Tuesday on a China-based network for producing and distributing chemicals used to make drugs including those fueling a deadly national fentanyl crisis. President Joe Biden's administration has made the fight against fentanyl a priority, with the synthetic opioid blamed for tens of thousands of deaths in recent years. The sanctions targets include 25 individuals and entities based in China, alongside three other parties in Canada, the Treasury Department said in a statement. In a separate notice, the Justice Department announced eight indictments charging China-based chemical manufacturing firms and staff with crimes related to drug production and distribution. "We know that this global fentanyl supply chain, which ends with the deaths of Americans, often starts with chemical companies in China," Attorney General Merrick Garland told a press briefing. He said it was "critical" that Beijing stops the "unchecked flow" of precursor chemicals coming from the country, adding that US officials will also raise the manufacturing and trafficking of fentanyl with their Mexican counterparts. Tuesday's actions are aimed at exposing and disrupting a network "responsible for manufacturing and distributing illicit drugs," said Deputy Treasury Secretary Wally Adeyemo. The China-based network is "responsible for the manufacturing and distribution of ton quantities of fentanyl, methamphetamine, and MDMA precursors," according to the Treasury. The parties designated are also allegedly involved in trafficking xylazine -- a veterinary sedative known as "tranq" -- and nitazenes, which are often mixed with fentanyl or other drugs, posing a higher risk of a fatal overdose. Via Mexico cartels US authorities have noted that fentanyl is often coming from Mexican drug cartels that use precursor chemicals from China. The Biden administration has imposed sanctions on cartels, although some politicians call for tougher actions. Among the individuals designated on Tuesday are Wang Shucheng and Du Changgen -- members of a Chinese "syndicate" -- as well as their affiliates. Wang was said to have directed others to establish companies used as cover to move pharmaceutical goods globally, while Du maintains the most influence over the organization, Treasury said. The network is the "source of supply" for many US-based narcotics traffickers, dark web vendors, virtual currency money launderers and Mexico-based criminal organizations, Treasury added. "Du Changgen and persons operating under him have been responsible for approximately 900 kilograms of seized fentanyl and methamphetamine precursors shipped to the United States and Mexico," the department said. Companies Du owns have also been designated. Hanhong Pharmaceutical Technology Co, found to be linked to several members of the network, was targeted -- alongside three representatives who were involved in its sale of fentanyl precursors and protonitazene. Among others impacted were punch and die manufacturer Jinhu Minsheng Pharmaceutical Machinery and its part-owner, as well as other illicit drug distributors. The United States has also blocked over a dozen virtual currency wallets. The sanctions effectively stop those named from using the US financial system, and US citizens are barred from transacting with them. The post US sanctions China-based drug network over fentanyl appeared first on Daily Tribune......»»
US State Department says 60,000 emails taken in alleged Chinese hack
The US State Department said Thursday that hackers took around 60,000 emails, although none of them classified, in an attack which Microsoft has blamed on China......»»
UN chief convenes ‘no nonsense’ climate summit, without China or US
UN Secretary-General Antonio Guterres is set Wednesday to host a climate meeting marred at its outset by the absence of speakers from the world's top two emitters, China and the United States. Despite increasing extreme weather events and record-shattering global temperatures, greenhouse gas emissions continue to rise and fossil fuel companies reap handsome profits. Guterres has thus billed the "Climate Ambition Summit" as a "no nonsense" forum where leaders or cabinet ministers will announce specific actions that deliver on their commitments under the Paris Agreement. The bar for making the podium was set high, with the UN chief making clear that only leaders who had made concrete plans to achieve net-zero greenhouse emissions would be allowed to speak. After receiving more than 100 applications to take part, the UN finally released a list on Tuesday night of 41 speakers which did not include China, the United States, the United Kingdom, Japan or India. "Tomorrow, I will welcome credible first movers and doers to our Climate Ambition Summit," Guterres said Tuesday. Several major leaders didn't bother making the trip to New York for this year's UN General Assembly, including President Xi Jinping of China and Prime Minister Rishi Sunak from the United Kingdom, who said he was too busy. US President Joe Biden, who addressed the General Assembly on Tuesday, sent his climate envoy John Kerry to the meeting -- though Kerry won't be permitted to speak. "There's no doubt that the absence of so many leaders from the world's biggest economies and emitters will clearly have an impact on the outcomes of the summit," Alden Meyer of climate think tank E3G said. He blamed competing issues -- from the Ukraine conflict to US-China tensions and rising economic uncertainty. "But I think it's also the opposition in many of these countries from the fossil fuel industry and other powerful interests to the kind of transformational changes that are needed," said Meyer. Catherine Abreu, executive director of nonprofit Destination Zero, said it was "perhaps a good-news story that we see Biden not being given a speaking slot at the summit" because the United States is continuing to expand fossil fuel projects even as it makes historic investments in renewables. "I think about this as being a correction from past summits, where leaders have been given the opportunity to take credit for climate leadership on the global stage, while they continue to pursue plans to develop fossil fuels, and continue driving the climate crisis back at home," she added. While the United States won't take the rostrum, California will be represented by Governor Gavin Newsom. From Britain, London Mayor Sadiq Khan will also attend. Growing anger The event is the biggest climate summit in New York since 2019, when Greta Thunberg stunned the world with her "How Dare You" speech before the UN. Anger is building among climate activists, particularly younger people, who turned out in thousands last weekend for the "March to End Fossil Fuels" in New York. Observers are eager however to see what Canadian Prime Minister Justin Trudeau and European Union President Ursula von der Leyen say both on their own goals and on financing commitments for the developing world. The failure of advanced economies, responsible for the majority of historic emissions, to honor their promises to the worst affected lower-income nations has long been a sore point in climate talks. There are some bright spots, including the announcement that Colombia and Panama are joining a grouping called the Powering Past Coal Alliance -- particularly notable as Colombia is the world's sixth biggest coal exporter. Wednesday's summit comes weeks ahead of the COP28 climate talks in the United Arab Emirates, where goals include tripling renewable energy by 2030, and ending by 2050 the generation of fossil fuel energy that isn't "abated" by carbon capture technology. The post UN chief convenes ‘no nonsense’ climate summit, without China or US appeared first on Daily Tribune......»»
Hoarders cry vs rice cap
Members of the rice cartel are starting to feel uneasy over steps being taken to stabilize the market after they were caught flatfooted by the price cap. President Ferdinand “Bongbong” Marcos Jr. recently signed Executive Order 39, which mandated the price of regular milled rice at P41 per kilo while well-milled rice was fixed at P45 per kilo. The strategy is to maintain the low price while the market receives a steady stream of rice from imports and the coming harvest. In effect, all the hoarded rice would be flushed out at the government-mandated price levels or lower. After the Rice Tariffication Law took effect, a well-organized lobby was launched to either rescind or amend the measure and hand back the importation monopoly to the National Food Administration. With the purchase of rice centralized in the NFA, the cartel, which had the agency’s officials on payola, was able to control the market effectively. Prices were let loose by creating distortions such as an artificial shortage, which exploited India’s announcement that it was restricting rice exports. India’s move was of little consequence since the country imports 90 percent of the staple grain from Vietnam and Thailand. Even if import prices are pushed higher, the influx of local rice, with the harvest season coming, will drive down costs. The lobby included a former Department of Agriculture official who blamed the high prices on the Rice Tariffication Law and insisted that the old system, where the NFA had sole authority to import, was better. Under EO 39, the NFA’s mandate was restricted to purchasing from local farmers. The official claimed the RTL handed the rice industry to the cartel on a silver platter. NFA’s monopoly had benefited only the cartel and the officials in its pocket. The cartel used to kill in tandem with the NFA when prices on the global market were high, as the percentages were higher. As a result of the price cap, Speaker Martin Romualdez said massive cancellations of orders from local rice traders resulted in the world market quotations trending downward. According to United States-based Market Insider, the price of rice in the world market decreased by 21 percent, from $384 per metric ton last July to $332.4 per MT this month. “It is proven that EO 39 set commendable results not only in our country but in the world as well,” Romualdez said in a statement. Based on Department of Agriculture data, the country’s rice stock is sufficient to last for months. The data showed 10.15 million metric tons of buffer stock for the rest of the year, with a 2.53-MMT surplus from the previous harvest and 7.2 MMT as the expected yield from local production. Only 410,000 MT comes from imports. The stock would be more than enough to cover the current demand of 7.76 MMT during this harvest round and will yield an ending stock of 2.39 MM that will last up to 64 days, according to DA’s report. Romualdez said massive cancellations by rice traders and importers in the Philippines resulted in the world market’s deluge of available rice stocks. The Philippines was recently reported by the United States Department of Agriculture to have overtaken China as the biggest rice importer worldwide. “It is obvious that the upsurge in prices was artificial because our inspections showed that rice stocks were being held in warehouses,” Romualdez said. He recently led an inspection of the most extensive rice warehouses in Luzon that resulted in the discovery of huge stocks suspected to have been kept from the market. The price cap will hold as local harvests start flooding the market. By then, the hoarders will be forced to sell at a loss, thus increasing availability. Then another law will take over — that of supply and demand — that will further lower the price of rice. The post Hoarders cry vs rice cap appeared first on Daily Tribune......»»
Global debt still stuck above pre-pandemic levels: IMF
The global debt burden remains well above its pre-pandemic levels despite declining as a proportion of economic output last year, the International Monetary Fund announced Wednesday. Total debt, which includes both public and private debt, stood at 238 percent of global gross domestic product (GDP) last year, 9 percentage points higher than it was in 2019, the IMF said in a statement. The IMF blamed the slow progress on high public debt, which is declining at a slower rate than private debt. "Fiscal deficits kept public debt levels elevated, as many governments spent more to boost growth and respond to food and energy price spikes even as they ended pandemic-related fiscal support," the IMF said. It called on governments to take "urgent steps" to reduce debt vulnerabilities through "vigilant monitoring" of private debt and the creation of "credible" fiscal frameworks to manage public debt sustainability. Although debt levels surged during the pandemic, public and private has been growing for decades. China is responsible for a large part of this increase, the IMF said, with its debt as a percentage of GDP rising sharply in recent years to reach a similar level to that of the United States. Debt in low income countries has also been rising, creating "challenges and vulnerabilities" including a high risk of debt distress in more than half of low-income developing countries. "Reducing debt burdens will create fiscal space and allow new investments, helping foster economic growth in coming years," the IMF said. The post Global debt still stuck above pre-pandemic levels: IMF appeared first on Daily Tribune......»»
AFP: Chinese boat stuck in Ayungin, refuses Phl’s help
The Philippines extended help to Chinese rubber boats in distress over the Ayungin Shoal, but instead of accepting assistance, the Chinese Coast Guard blamed Philippine vessels for the incident. Armed Forces of the Philippines spokesperson Col. Medel Aguilar narrated that one of China’s Rigid Hull Inflatable Boats was entangled in a fishing line while it was tailing Philippine vessels en route to BRP Sierra Madre, a commissioned vessel grounded in Ayungin Shoal. The Philippine forces immediately offered to help the boat, but the CCG refused to accept it and even blamed Filipino ships for the distress. “They still have the guts to challenge our radio message—Philippine Coast Guard because of your maneuvers, the Chinese Coast Guard vessel came into problem,” Aguilar said. Aguilar described the radio message as “another narrative that they will tell their people.” “After this incident, they will come up with their own narrative to tell their people about what happened. We don’t want the truth to be drowned by what happened,” he lamented. The incident happened during the delivery of fresh supplies to the country’s permanent outpost in Ayungin in the West Philippine Sea on Friday, 7 September. China also accused the Philippines of illegally entering the adjacent waters of Ren'ai Reef (Ayungin shoal) in its so-called Nansha Islands “without the permission of the Chinese government.” The post AFP: Chinese boat stuck in Ayungin, refuses Phl’s help appeared first on Daily Tribune......»»
On WPS conflict, ‘Trillanes cut deals’
Amid the guessing game started by China on who the unnamed President was who promised to remove the BRP Sierra Madre from Ayungin Shoal, Chief Presidential Legal Counsel Juan Ponce Enrile has pointed to a former senator as the culprit. “I haven’t heard from previous presidents that they promised to remove the Sierra Madre, but what I know is that the late President Benigno Aquino III did some backchanneling, and his backdoor agent was former Senator Antonio Trillanes IV,” Enrile said. He added: “Trillanes bypassed then Ambassador Sonia Brady in negotiating with China, and his only credential was he rode in a Philippine Navy boat when he was in the military service.” “The subject of the backchanneling was the Scarborough Shoal standoff, but Trillanes was deceived by the Chinese. The Philippine vessels withdrew from the area of the deadlock, but China stayed put,” he recalled. 2012 Senate skirmish Then-senator Enrile and Trillanes had a confrontation in September 2012 over the government’s covert negotiations with China that Aquino had assigned to Trillanes. In a face-off on the Senate floor, Enrile produced the so-called Brady notes, a report on the discussions between the ambassador and Trillanes on the backchanneling mission. During his several engagements with Chinese officials, Enrile quoted the Brady notes as saying that Trillanes indicated that Filipinos needed more interest in the conflicting claims in the region. Enrile said the Brady notes stated that Aquino was not made fully aware of the details of Trillanes’s actions, and there was a point when the President did not know the talks were suspended for two weeks and that Trillanes was acting on his own. “And for whom? Whose interest was he serving?” Enrile asked. While admitting that it was the prerogative of Aquino as Commander-in-Chief to resort to backchannel talks, designating Trillanes was a huge mistake, he said. “Trillanes should have been discreet, and he should have brought along an embassy representative to record the event. Trillanes thought he was James Bond. That should not have been allowed,” Enrile said. “A person entrusted by the President with a mission must first exercise discretion. When you go to a country to deal with a foreign power, you must notify the embassy,” he said. “Trillanes should have notified the embassy to alert them that he was there on a mission, and he should have brought along at least one responsible official,” he added. He continued: “Everybody should have known that international law already provided the way to settle the dispute, which was the United Nations Convention on the Law of the Sea, but which China did not respect.” “China based its claims not on international law but on its might. We should have a counter-balancing force,” according to Enrile. “We should not rely solely on the assistance of other nations; we should keep building up our military assets.” “We should also be prepared, and one way to do that is to require all young Filipinos to undergo training to defend the country.” “Only Filipinos can fight for their country; nobody else can do the fighting for you,” Enrile stressed. False narrative Meanwhile, China was accused of using deception in its sea maneuvers when it tried to block a resupply mission to Ayungin Shoal on 7 September. Armed Forces of the Philippines spokesperson, Col. Medel Aguilar, at the weekly Saturday News Forum in Quezon City, said the Philippine Navy offered to help a Chinese rubber boat in distress near Ayungin Shoal. “Our troops offered assistance, but the Chinese refused and another boat came to their rescue,” Aguilar said. He said one of the Chinese rigid hull inflatable boats had gotten entangled in a fishing line while it was tailing the Philippine vessels heading to Ayungin to resupply the troops there. Aguilar said that while the Chinese boat’s refusal to accept aid from Philippine forces was expected, what surprised the troops was Beijing’s radio call where they blamed the Filipinos for the incident. “They had the guts to challenge our radio message. ‘Philippine Coast Guard, because of your maneuvers, the Chinese Coast Guard vessel came into problem,’” he quoted the Chinese as saying. Aguilar said this was another narrative the Chinese would tell their people. “After this incident, they will come up with their narrative to tell their people about what happened,” Aguilar said. “We don’t want the truth to be drowned out by what really happened,” he added. Misplaced bullying Aguilar described the China Coast Guard’s behavior as “misplaced bullying” amid its continued aggression in Philippine territorial waters. “The CCG is a misplaced bully in the WPS,” Aguilar said. Meanwhile, Commodore Jay Tarriela, PCG spokesperson, said several CCG ships and maritime militia vessels tried to block the Philippine vessels and stop the resupply mission. “It is very important for the government, for us, to be more transparent about what is happening in the West Philippine Sea,” he said. “We face the media; we give them the true story. The media will play a very important role in curtailing this fake news that spreads every time the Chinese release their narratives.” He said China has been pushing the narrative that the Philippines is acting on behalf of the United States. Ayungin Shoal, which is part of the Kalayaan island group, is an integral part of the Philippines and is well within its exclusive economic zone and continental shelf, over which the country has sovereignty, sovereign rights, and jurisdiction. The BRP Sierra Madre has been grounded on Ayungin Shoal since 1999, where it stands as a symbol of Philippine sovereignty and on which a dozen Filipino Marines and sailors are holding the fort. The post On WPS conflict, ‘Trillanes cut deals’ appeared first on Daily Tribune......»»
China using false narrative — AFP
The China Coast Guard is using a false narrative in its recent dangerous maneuvers in trying to block a resupply mission to Ayungin Shoal on 7 September, the Armed Forces of the Philippines said Saturday. At the weekly Saturday News Forum in Quezon City, AFP spokesperson Colonel Medel Aguilar said the Philippine Navy offered to help a Chinese rubber boat in distress in Ayungin Shoal only to be scorned and blamed for the incident. “Troops offered assistance to help China, but China refused.. and another boat came to their rescue,” Aguilar said. He narrated that one of China’s Rigid Hull Inflatable Boats was entangled in a fishing line while it was tailing Philippine vessels heading to Ayungin Shoal to resupply troops there. Aguilar said while the Chinese boat's refusal to accept aid from Philippine forces was expected, what surprised the troops was Beijing’s radio call that blamed Filipinos for the incident. “They still have the guts to challenge our radio message: ‘Philippine Coast Guard because of your maneuvers, the Chinese Coast Guard vessel came into problem,’” he said. Aguilar called these as “another narrative that they will tell their people." “After this incident, they will come up with their own narrative to tell their people about what happened,” Aguilar said. “We don’t want the truth to be drowned by what happened,” he said. Aguilar also described the CCG's behavior as "misplaced bullying" amid its continued aggression in the country’s territorial waters. “The CCG is a misplaced bully at the WPS,” Aguilar said. This is the third resupply mission after the 5 August incident when the CCG used water cannons against the PCG fleet conducting a similar mission. Another resupply mission was conducted and completed on 22 August. Despite the efforts of the Chinese vessels, the AFP said the resupply mission was successful. “As far as the AFP is concerned, we always refer to existing laws in defining what is our maritime zone right now,” Aguilar said. On the other end, Commodore Jay Tarriela, spokesperson of the PCG, said several CCG ships and maritime militia vessels tried to block the PCG ships to stop the resupply mission. “It is very important for the government… for us to be more transparent on what is happening in the West Philippine Sea,” he said. “We face the media, we give them the true story. The media will play a very important role in curtailing this fake news that spreads every time they release these narratives,” Tarriella said. He added that China, which has been illegally claiming almost the entire South China Sea, has been pushing the narrative that the Philippines is acting on behalf of the US when it comes to the West Philippine Sea issue. Ayungin Shoal is part of the Kalayaan Island Group and is an integral part of the Philippines, as well as the Philippines’ exclusive economic zone and continental shelf, over which the country has sovereignty, sovereign rights, and jurisdiction. The BRP Sierra Madre has been grounded at the Ayungin Shoal since 1999 where a dozen marines and sailors are aboard the ship, which has become a symbol of Philippine sovereignty in the offshore territory. The post China using false narrative — AFP appeared first on Daily Tribune......»»
U.S. must step up too
American analysts have been exploring the possible ways the West Philippine Sea conflict will play out primarily with the so-called “gray zone” maneuvers by China in the disputed waters in which non-military activities are employed for coercion. The United States Institute of Peace, or USIP, a federal body tasked with promoting conflict resolution and prevention worldwide, is reviewing ways that Washington can play a role in de-escalating the tension in the region. The review was sparked by an act of aggression last week when a Chinese Coast Guard vessel deployed a water cannon to redirect an unarmed Philippine Navy supply boat. China blamed the incident on the Philippine government’s continued defiance of an earlier understanding to ban the delivery of construction materials to the beached BRP Sierra Madre navy vessel at Ayungin Shoal. Tensions have been on the rise since last year on China’s perception that Manila was moving closer to Washington, prompting a more aggressive assertion of its claim over most of the West Philippine Sea. “Given that Washington and Manila have a mutual defense treaty, there is credible concern that an incident like this could trigger a wider US-China conflict,” according to the USIP. Under a new Philippine administration, the formerly conciliatory approach the country had taken in its dispute with China has shifted. Instead, Brian Harding, USIP senior expert for Southeast Asia and Pacific Islands, said President Ferdinand Marcos Jr. has highlighted China’s efforts to swarm and intimidate fishing and coast guard vessels to take the bold move of deepening defense ties with the United States, bringing China-Philippines ties to a new low. Ayungin Shoal, the USIP expert said, has long been a likely candidate for the first showdown between the Philippines and China since Beijing took control of Scarborough Shoal in 2012. Former Supreme Court Senior Associate Justice Antonio Carpio also identified the shoal, in a speech the other day, as one of five possible flashpoints that may lead to a deeper maritime conflict. In 1999, the Philippines intentionally beached a World War II naval vessel on a submerged reef, located within the Philippines’ exclusive economic zone, and has since maintained a small contingent of Marines on board in extremely austere conditions. As a practical matter, in recent years China has turned a blind eye to the Philippines replenishing supplies for the Marines but has blocked the delivery of materials that could be used to repair the ship. USIP’s Andrew Scobell, a China expert, said the recent aggressive actions of a large China Coast Guard vessel on a tiny Filipino Navy supply boat was merely the latest episode in a decades-long campaign of intimidation and coercion by Beijing. Based on its insisted-on nine-dash line boundaries, Beijing claims the right to restrict access to ships from other countries to the South China Sea. “Many of (China’s) white-hulled ships are far larger, much better equipped, and more intimidating than the gray hull naval vessels possessed by most Southeast Asian states,” USIP said. China has persisted in its well-orchestrated campaign of low-intensity conflict, what is widely called “gray zone” actions, to forcefully advance its claims and aggressively push back against rivals. Carla Freeman, a senior USIP expert on China, said that beyond the effort to persuade and deter China, the US should engage in diplomacy to encourage allies and partners in the region to make clear to Beijing their own concerns about the risks to peace posed by confrontation. Regional allies have already issued statements criticizing China’s behavior, with Tokyo using unusually strong language to condemn China’s conduct, the USIP said. Like the Philippines’ position, the USIP said that Washington’s efforts in support of a binding code of conduct, or CoC, would be key to preventing conflict. The USIP, nonetheless, sees as a major obstacle toward progress in the United States itself since it is limited in its diplomatic capabilities after it failed to ratify the United Nations Convention on the Law of the Sea. Taking the high road in the simmering conflict, thus, would need both the US and China to review their positions of leadership to keep the stability in the region. The post U.S. must step up too appeared first on Daily Tribune......»»
Beijing takes ‘dovish’ stance over Ayungin
Beijing has reached out to Manila to resolve the territorial dispute over Ayungin Shoal where the BRP Sierra Madre was grounded in 1999 to serve as a permanent outpost for Filipino troops. Zhou Zhiong, deputy chief of mission at the Chinese Embassy in the Philippines, said China had repeatedly reached out to peacefully resolve the matter. Last 5 August, a China Coast Guard vessel used a water cannon and undertook “dangerous maneuvers” to try and disperse Philippine Coast Guard-escorted boats on a resupply mission to the Sierra Madre. “China has repeatedly expressed its willingness to resolve its differences with the Philippines through bilateral dialogues,” Zhou said in a media briefing in Quezon City. He claimed that up to the end of 2021, several rounds of discussions were held between the Philippines and China to manage the “disputes” over Ayungin Shoal, which they call Ren’ai Reef. “The discussions led to a consensus on resupply missions to Ren’ai Reef,” Zhou said, adding that the talks stabilized and eased tensions in the disputed waters — which the Philippines claims as its exclusive economic zone. The Chinese official then blamed the Philippines for refusing to acknowledge and implement the consensus and for starting to take “unilateral actions.” “We also provided the Philippine side with a draft proposal. We are still waiting for the formal response from the Philippine side,” Zhou said, reiterating that the Philippines supposedly promised to tow the Sierra Madre out of Ayungin. The post Beijing takes ‘dovish’ stance over Ayungin appeared first on Daily Tribune......»»
Pretty in pink: ‘Barbie’ marketing blitz hits fever pitch
Hollywood A-listers have been walking red carpets in hot pink, glitter is back, and companies from The Gap to Burger King are doing rose-colored collaborations: "Barbie" mania is everywhere as the hotly anticipated film hits theaters worldwide. Toy maker Mattel, who first unveiled the iconic doll in 1959, has reached about 100 licensing agreements for everything from roller skates to toothbrushes in connection to director Greta Gerwig's summer flick. Of course, Barbie is big in the beauty world too -- lipsticks, blushes and mirrors all bear the famous logo. "In the 30 years that I have been tracking and analyzing box offices and trends, I've never quite seen anything like this before," said Paul Dergarabedian, a senior media analyst at Comscore. "Barbie is tailor-made for marketing," he said. "It's perfect because Barbie is a toy, it's already a product, and beyond that, it's a lifestyle and a color." The movie, which stars Margot Robbie as Barbie and Ryan Gosling as boyfriend Ken, has been hyped as one of the biggest blockbusters of the season, with numerous premieres held around the globe ahead of Friday's debut in US theaters. Of course, that promotion blitz has been curtailed at the 11th hour, with Hollywood actors now on strike over pay and other conditions. But the list of corporate partners is sure to keep the buzz going. Microsoft, Forever 21, Ulta Beauty, Hot Wheels, Chevrolet and even Progressive insurance are among the companies looking to cash in on Barbie mania. The influential color company Pantone even has a shade to match the zeitgeist: 219C is officially Barbie Pink. Mattel has even reached a deal with rival toy giant Hasbro, which will release a Barbie version of the classic board game Monopoly in the fall. In exchange, Mattel will showcase "Transformers" on its Uno card game in connection with a Hasbro film release. 'Irresistible' Robbie has embraced Barbiecore fashion at premieres around the world, recreating some of the doll's most iconic looks, but the Barbie lifestyle trend is also full steam ahead Airbnb is offering up a stay at Barbie's "Malibu DreamHouse" for two nights in connection with the film's debut. "Placed perfectly above the beach with panoramic views, this life-size toy pink mansion is a dream come true!" reads the listing. Singer John Legend and his model wife Chrissy Teigen took the plunge, posting a series of pictures on Instagram of their stay at the hot pink property. The most ubiquitous shade of pink used on the Warner Bros film's set, a retro bubblegum hue made by Rosco, was used in such great quantities that the shoot has been blamed for a global shortage. "It's just become a very irresistible proposition," said Dergarabedian, crediting both Warner Bros and Mattel with ensuring the buzz had staying power. Dergarabedian expects a strong opening weekend for Barbie, with around $75 million in North American ticket sales. 'Barbenheimer' The film is opening in parallel with another big Hollywood entry, the Christopher Nolan-directed "Oppenheimer," a biopic about the father of the atomic bomb. The unlikely face-off between the dark historical thriller and a fuchsia-tinted romp about a doll has created online buzz about a phenomenon dubbed "Barbenheimer." Dergarabedian said the coincidental timing of the openings had contributed to "unprecedented" fodder about the films on social media and beyond. Both movies are opening on the heels of another big-screen blockbuster, "Mission: Impossible -- Dead Reckoning Part One," which led the domestic box office last weekend. A starry soundtrack includes tracks from Dua Lipa (who also appears in the film), Lizzo, and Nicki Minaj and Ice Spice, who recorded a cover of "Barbie Girl," a 1997 hit by Danish-Norwegian band Aqua. The original recording actually prompted a lengthy but unsuccessful trademark lawsuit by Mattel. The company subsequently embraced the song. The movie's arrival has also not been without controversy. Barbie has been banned in Vietnam over a scene with a fictitious world map criticized for allegedly showing China's claims in the disputed South China Sea. The Philippines allowed the film to be shown -- but asked that the map be blurred. The post Pretty in pink: ‘Barbie’ marketing blitz hits fever pitch appeared first on Daily Tribune......»»