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PH Not Taking Sides Amid Possible US-China Trade War: Palace

The Philippines is not taking any side amid the possible trade war between the United States and China, according to Malacanang. President Rodrigo R. Duterte had emphasized during his bilateral meeting with Chinese President Xi Jinping on Tuesday the need for Beijing to “defend the East” isolationist trade policies, Presidential Spokesperson Harry Roque said. “He […].....»»

Category: newsSource: metrocebu metrocebuApr 15th, 2018

Palace: PH will not take sides on US-China trade war

Malacañang said that the Philippines will not be taking sides in the trade war between the United States and China, following the trade spat between the two superpowers which shook stock markets across the globe. Palace: PH will not take sides on US-China trade war HONG KONG—Malacañang said that the Philippines will not be taking… link: Palace: PH will not take sides on US-China trade war.....»»

Category: newsSource:  manilainformerRelated NewsApr 11th, 2018

Philippines ‘not taking sides’ in China-US trade war but wants Beijing to ‘defend the East’

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte, in his bilateral meeting with Chinese President Xi Jinping in Hainan, China on Tuesday, April 10, said the Philippine government is not taking sides in the ongoing trade war between China and the United States (US), Presidential Spokesperson Herminio Harry L. Roque, Jr. announced on Wednesday, […] The post Philippines ‘not taking sides’ in China-US trade war but wants Beijing to ‘defend the East’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

Philippines not taking sides in China-U.S. trade row – Malacañang

MANILA, Philippines – The Philippines is not taking any side in ........»»

Category: newsSource:  rapplerRelated NewsApr 11th, 2018

Peso seen sideways on profit taking

THE PESO is expected to move sideways this week as investors pocket profits ahead of the Holy Week break and amid brewing tensions between the US and China over trade policies. On Friday, the local currency dropped to close at P52.39 versus the greenback, 19 centavos weaker than its P52.20-per-dollar finish on Thursday, as President […] The post Peso seen sideways on profit taking appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 25th, 2018

Could North Korean, US threats of destruction cause an accidental war? – CNN News

The war of words between North Korea and the United States could be pushing the region closer to the brink of an accidental conflict. While neither country is outwardly moving towards an actual war footing, military displays of power, mixed with threats and counter threats may result in an ugly outcome, Stratfor Vice President of Strategic Analysis Rodger Baker told CNN. &'8220;The North Koreans assume that the threats will be enough to restrain US action but the US might be thinking the same thing, so you end up in a situation where a provocation from one side is seen by the other as an actual move towards war,&'8221; he said. North Korea's Foreign Minister Ri Yong Ho announced on Monday that US President Donald Trump had &'8220;declared a war&'8221; on his country by tweeting that North Korea &'8220;won't be around much longer.&'8221; Ri's interpretation of Trump's tweet was roundly dismissed by the White House later that day. The South Korean government has been desperately calling for calm on both sides, as the country's citizens would be among the first to suffer in any war. Speaking in Washington on Monday, South Korea's Foreign Minister Kang Kyung-wha said the United States has to help to reduce tensions on the peninsula. &'8220;It is very likely that North Korea will conduct further provocations,&'8221; she said. &'8220;It is imperative that we, Korea and the US together, manage the situation &' in order to prevent further escalation of tensions or any kind of accidental military clashes which can quickly go out of control.&'8221; Foreign Minister Ri told reporters Monday North Korea would shoot down any US bombers which flew near the Korean Peninsula, even if they didn't enter North Korea's airspace. &'8220;In light of the declaration of war by Trump, all options will be on the operating table of the Supreme leadership of DPRK,&'8221; Ri said, according to his official English translator. White House Press Secretary Sarah Sanders was quick to respond, saying Monday the US had not declared war and any suggestion along those lines was &'8220;absurd.&'8221; Euan Graham, director of the International Security Program at Sydney's Lowy Institute, said while the physical threat of war had not increased, every unfulfilled threat from the US did damage to its international position. &'8220;When threats are made and not followed through US credibility suffers both in the eyes of North Korea and its allies,&'8221; Graham said. &'8220;The US is very unlikely to engage in a preventative war against North Korea, so it's more the risk of stumbling into this because the North Koreans decide they have to escalate or they believe something US is doing is a preventative strike or a decapitation attack (against the leadership).&'8221; Over the weekend, North Korea moved airplanes and boosted defenses on its east coast, South Korea's Yonhap news agency reported Tuesday, quoting intelligence agencies. It followed a flyover by US bombers close to North Korea on Saturday. US B-1B bombers from Guam flew in international airspace over waters east of North Korea, according to the Pentagon, a move they said underscored the seriousness of Pyongyang's &'8220;reckless behavior.&'8221; It was the furthest north of the Demilitarized Zone (DMZ), the area of land between North and South Korea, which US fighters or bombers had flown in the 21st Century, the Pentagon said. Stratfor's Baker said he was concerned any moves by North Korea to shadow US planes or to engage in displays of military might could lead to accidental conflict. &'8220;There haven't been many incidents where they've engaged in this sort of behavior so they don't know how to deal with each other in this situation, they don't know how to read the way that each side is acting, so you can get accidents and the North Koreans, again, they may overestimate their hand,&'8221; he said. But Baker added it was important to note that neither side had engaged in the large movement of troops or evacuation of civilians which would precipitate a full blown war. &'8220;We don't see the US taking action to rapidly reduce the number of civilians and non military personnel in South Korea &' at the same time, rhetoric is working to increase the potential of an accident.&'8221; The latest standoff between Washington and Pyongyang came as a North Korean Foreign Ministry official flew to Moscow to meet with a representative of the Russian government. According to state media KCNA, director general at the Foreign Ministry's North American Department Choe Son Hui left for Moscow on Monday. She'll meet with Oleg Burmistrov, a &'8220;roving ambassador&'8221; with Russia's Foreign Ministry. The meeting comes amid cooling relations between Pyongyang and Beijing, with China's Ministry of Commerce announcing on Saturday it would immediately restrict petroleum exports to North Korea in line with UN sanctions. &'8220;Russia has been a supplier of petroleum products either directly or not paying attention to what it's own countries are doing in regard to North Korea,&'8221; Baker said. The latest round of sanctions, agreed to on September 11, were reportedly amended by the US after it became clear Russia and China wouldn't allow stronger restrictions. &'8220;Russia is a potential helpful card for the North Koreans to use particularly if they're worried that China is going to get more hostile and especially as secondary sanctions (from the US) come into play,&'8221; Graham said.(&'8220;Russia is a potential helpful card for the North Koreans to use particularly if they're worried that China is going to [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsSep 26th, 2017

Bishops, Palace trade barbs over Sister Fox’s detention

  Catholic bishops on Thursday slammed President Duterte for being overly sensitive to criticism and for ordering the investigation of Australian missionary Sister Patricia Fox.   The bishops made the remarks as the Commission on Human Rights said that Fox may have been arrested without basis since she had been working in the country for 27 years and had a missionary visa that was valid until Sept. 9.   Manila Auxiliary Bishop Broderick Pabillo said the nun's detention and the government's threat to deport her showed that the President was incapable of taking criticism.   Hacienda Luisita protest   "He just cannot take criticism [al...Keep on reading: Bishops, Palace trade barbs over Sister Fox’s detention.....»»

Category: newsSource:  inquirerRelated NewsApr 20th, 2018

ICTSI remains bullish amid fears of US-China trade war

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is keeping a positive outlook for the year, while being cautious on the impact of the looming trade war between the United States and China on its international operations. ICTSI Chairman and President Enrique K. Razon, Jr. said its operations in Mexico may be affected should the ongoing conflict […] The post ICTSI remains bullish amid fears of US-China trade war appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

Palace: Govt mulls ‘diplomatic protest’ vs China on PH reef ‘breach’

THE Philippines is considering taking diplomatic action against China over the reported presence of its two military planes on a reef in the West Philippine Sea (South China Sea), a Malacanang official said on Thursday. “The Secretary of Foreign Affairs has said that they were preparing and exploring the possibility of a diplomatic protest,” Palace spokesman [...] The post Palace: Govt mulls ‘diplomatic protest’ vs China on PH reef ‘breach’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 19th, 2018

Trump Accuses China and Russia of Manipulating Their Currencies

U.S. President Donald Trump said on Monday it is unacceptable that Russia and China are devaluating their currencies, days after the Treasury Department declined to label these countries as currency manipulators in its latest report. Amid a possible new round of sanctions against Russia and a simmering trade war with China, Trump tweeted Monday morning, […].....»»

Category: newsSource:  metrocebuRelated NewsApr 17th, 2018

Wider access to China stock markets vowed

SHANGHAI -- China said on Wednesday it would allow foreign investors greater access to its stock markets and promised that other previously announced financial reforms would come into effect within months in its latest conciliatory signals amid US trade tensions. China’s securities regulator said foreign investors would be allowed to….....»»

Category: newsSource:  journalRelated NewsApr 11th, 2018

Duterte affirms partnership with China amid Beijing& apos;s trade tiff with Washington - Philippine Star

Duterte affirms partnership with China amid Beijing's trade tiff with Washington - Philippine Star.....»»

Category: newsSource:  googlenewsRelated NewsApr 10th, 2018

China’s Xi pledges greater openness amid Trump trade dispute

Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a “Cold War mentality” amid trade disputes with U.S. counterpart Donald Trump. Xi pledged a “new phase of opening up” in his keynote address Tuesday to the Boao Forum for Asia, China’s […] The post China’s Xi pledges greater openness amid Trump trade dispute appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

PSEi to continue struggle amid lack of fresh leads

WHILE TRADERS turn to inflation figures of the United States and its heating trade tension with China, the main index is expected to struggle to breach the 8,100 mark this week amid the lack of fresh leads. The local bellwether Philippine Stock Exchange index (PSEi) dropped 0.95% or 76.5 points to 7,945.66 points on Friday. Week […] The post PSEi to continue struggle amid lack of fresh leads appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 9th, 2018

Powell, Williams see more Fed hikes despite US-China dispute

FEDERAL RESERVE Chairman Jerome Powell backed further gradual interest-rate increases amid strong US economic momentum, in remarks that avoided the turbulent US stock market and sought to steer clear of the simmering US-China trade dispute. “We will continue to aim for 2% inflation and for a sustained economic expansion with a strong labor market,” Powell […] The post Powell, Williams see more Fed hikes despite US-China dispute appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 8th, 2018

US stock selloff deepens amid Trump trade jabs, jobs

The selloff in U.S. stocks deepened as the White House’s latest trade bluster rattled global financial markets. The S&P 500 Index plunged more than 2 percent and all 30 members of the Dow Jones Industrial Average retreated as President Donald Trump ordered ordered a review of additional tariffs that prompted an aggressive response from China. […] The post US stock selloff deepens amid Trump trade jabs, jobs appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 6th, 2018

PSEi retests 8,000

The local stock barometer firmed up above the 8,000 mark in thin trading after a long holiday break on Monday, the first trading day of the second quarter. While regional markets erased early gains amid the brewing US-China trade war, the Philippine Stock Exchange index (PSEi) added 59.62 points or 0.75 percent to close at 8,039.45. Elsewhere in the region, trading was mostly firmer in the early session but most markets reversed gains at close. All eyes are still on exchange of tariffs slapped by the US and China against imports from each other. Domestic investors mostly supported the market as foreign investors were net sellers to the tune of P625.3 million. At the local...Keep on reading: PSEi retests 8,000.....»»

Category: newsSource:  inquirerRelated NewsApr 2nd, 2018

Local stocks tumble on trade war fears

By Janina C. Lim, Reporter THE Philippine stock market dropped on Friday, along with the rest of Asia, amid fears of a looming trade war between the United States and China. The Philippine Stock Exchange index (PSEi) fell 1.89% or 153.65 points to 7,970.80 points on Friday. The broader all-shares index shed 1.35% or 66.01 […] The post Local stocks tumble on trade war fears appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 23rd, 2018

PHL seeks 60-40 joint exploration split amid talks with China

By Victor V. Saulon Sub-Editor THE Department of Energy (DoE) said its typical arrangement for joint exploration with foreign partners is a 60-40 split in favor of the Philippines, amid talks with China for the possible exploitation of resources in waters claimed by both sides. “Our benchmark when we go into any sharing is how […] The post PHL seeks 60-40 joint exploration split amid talks with China appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018

PHL on radar of Hong Kong businesses amid rising China costs

THE Hong Kong Trade Development Council (HKTDC) said rising operating costs and wages in China are prompting manufacturers to evaluate countries like the Philippines. “We’re also looking at the Philippines as a relocation destination for the manufacturers. Factories in China are getting more expensive. So an alternative will be the Philippines,” said Vivienne Chee, a […] The post PHL on radar of Hong Kong businesses amid rising China costs appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 27th, 2018

DTI reports progress in free trade talks with US

The Department of Trade and Industry is expecting to see a considerable progress within one to two years amid the country’s attempt to seal a free trade agreement (FTA) with the US. Trade secretary Ramon M. Lopez told reporters on Tuesday that while both sides are still conducting their own studies, it may not be […] The post DTI reports progress in free trade talks with US appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 20th, 2018