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Risk of China investment in PH is probably overstated

THE Western narrative on China’s ambitious efforts to finance development across the globe goes something like this: China is practicing a form of neocolonialism, unfairly gaining influence in places like Africa and South Asia with predatory lending, land grabbing and exporting Chinese labor, instead of providing job opportunities for client countries. Although the rhetoric has [...] The post Risk of China investment in PH is probably overstated appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netApr 16th, 2018

US-China trade war elevates the risks to the global economy

WASHINGTON, United States --- The trade war that erupted Friday between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy. The opening shots were fired just after midnight, when the Trump administration imposed a 25 percent tariff on $34 billion of imports from China, and Beijing promptly retaliated with duties on an equal amount of American products. It accused the U.S. of igniting "the biggest trade war in economic history." Because of this first round of hostilities, American businesses and, ultimately, consumers could end up paying more for such Chinese-made products a...Keep on reading: US-China trade war elevates the risks to the global economy.....»»

Category: newsSource:  inquirerRelated NewsJul 8th, 2018

US dollar down on as Trump makes fresh threats vs China

The dollar dropped against the euro as comments by US President Donald Trump risked ratcheting up trade war tensions, while stocks diverged. Artjom Hatsaturjants, research analyst at Accendo Markets, said "market sentiment soured on President Trump criticising the Fed for hiking rates and threatening to go 'whole hog' on imposing tariffs on all $500 billion of Chinese imports to the US, further inflaming global trade tensions and putting at risk central bank independence". In an interview with CNBC television broadcast Friday, Trump threatened to slap all Chinese imported goods with tariffs, risking an escalation in global trade war tactics. "I'm ready to go 500," the Republican...Keep on reading: US dollar down on as Trump makes fresh threats vs China.....»»

Category: newsSource:  inquirerRelated NewsJul 20th, 2018

Fitch affirms PH investment grade but cites risk of overheating economy

AFP FILE PHOTO International credit watcher Fitch Ratings on Wednesday affirmed the Philippines' creditworthiness at two notches above the minimum investment grade, saying the country continue.....»»

Category: newsSource:  philippinetimesRelated NewsJul 19th, 2018

PH warned against heavy dependence on China for funding

The Philippines must avoid too much reliance on China in funding big-ticket infrastructure projects under its "Build, Build, Build" program, a leading economist said. Veteran economist Bernardo Villegas of the University of Asia and the Pacific (UA&P) welcomed indications that President Duterte ---after rebalancing trade and investment relations away from the West---was now doing "a lot of rebalancing away from China." At the beginning, Villegas said many people were concerned that Duterte was heading to the extreme by pivoting from the United States to China. He, however, also recognized the President's moves to bring into the equation other Asian neighbors. "We're now begi...Keep on reading: PH warned against heavy dependence on China for funding.....»»

Category: newsSource:  inquirerRelated NewsJul 18th, 2018

PH bolsters trade, investment and tourism drive in China, Southeast Asia at 15th CAEXPO

The Philippines seeks to broaden its relations in areas of trade, investments and tourism with China and members of Association of Southeast Asian Nation (ASEAN) as it returns in the 15th China-ASEAN Expo (CAEXPO) on September 12 15 at the Nanning International Convention and Exhibition Center (NICEC) in Guangxi, China. CAEXPO is the second biggest […].....»»

Category: newsSource:  metrocebuRelated NewsJul 6th, 2018

US-China tariffs: What’s behind them, who stands to be hurt?

WASHINGTON, United States --- President Donald Trump has boldly declared that trade wars are easy to win. He's about to find out. Barring a last-minute breakthrough, the Trump administration on Friday will start imposing tariffs on $34 billion in Chinese imports. And China will promptly strike back with tariffs on an equal amount of U.S. exports. And just like that, a high-risk trade war between the world's two biggest economies will begin --- one that could quickly escalate. "I see us running into a full collision course in a few days," said Ashley Craig, a trade lawyer at Venable LLP. "It seems as if both sides are fairly dug in." Here's a look at what's happening this ...Keep on reading: US-China tariffs: What’s behind them, who stands to be hurt?.....»»

Category: newsSource:  inquirerRelated NewsJul 4th, 2018

US Fed: Deutsche Bank fails ‘stress test’

German banking giant Deutsche Bank’s American operations failed the US Federal Reserve’s annual stress test due to “widespread and critical deficiencies” in its risk management, the central bank said Thursday. The Fed gave a “conditional” pass to US investment behemoths Goldman Sachs and Morgan Stanley, even though their capital backstops sank below required levels since… link: US Fed: Deutsche Bank fails ‘stress test’.....»»

Category: newsSource:  manilainformerRelated NewsJun 29th, 2018

US Fed: Deutsche Bank fails ‘stress test’

German banking giant Deutsche Bank’s American operations failed the US Federal Reserve’s annual stress test due to “widespread and critical deficiencies” in its risk management, the central bank said Thursday. The Fed gave a “conditional” pass to US investment behemoths Goldman Sachs and Morgan Stanley, even though their capital backstops sank below required levels, since […].....»»

Category: newsSource:  bworldonlineRelated NewsJun 29th, 2018

Philippines plans to borrow from China-led AIIB

The government is eyeing possible loan assistance from China-led Asian Infrastructure Investment Bank (AIIB) for the construction of health care facilities, school buildings and roads in the countr.....»»

Category: newsSource:  manilanewsRelated NewsJun 29th, 2018

Index slides 1.53%

The benchmark Philippine Stock Exchange index (PSEi) slid anew yesterday amid mixed sentiments in the region and the decline in Wall Street overnight. The PSEi closed the session down 1.53 percent, or 109.86 points, to 7,066.57. The broader all-shares index was also down 1.28 percent, or 56.07 points, to 4,323.23. "We think there is still downward pressure on Philippine equities as investors are not yet fully compensated for the risk they are taking," Papa Securities said in a note to investors. It was referring to the Philippine 10-year bond yield of 6.4 percent, a traditionally safer investment, in relation to the 6.1-percent earnings yield of the PSEi. It noted that some inde...Keep on reading: Index slides 1.53%.....»»

Category: newsSource:  inquirerRelated NewsJun 28th, 2018

PH not falling into ‘Chinese debt trap,’ say key Neda officials

The Philippines is extra "careful" in borrowing from China to finance big-ticket projects even as three upcoming infrastructure ventures will be pitched for loans from the Chinese-led Asian Infrastructure Investment Bank, government economic managers said yesterday. This was to address fears that the country might be falling into a Chinese debt trap as the government seems inclined to borrow heavily from China to fund projects. Asked about this, Socioeconomic Planning Secretary Ernesto M. Pernia told a press conference that "given the various experiences of other countries that dealt with China, we are now even more cautious, extra careful in having projects funded by China." Pe...Keep on reading: PH not falling into ‘Chinese debt trap,’ say key Neda officials.....»»

Category: newsSource:  inquirerRelated NewsJun 27th, 2018

US restrictions on Chinese investment next front in trade dispute

WASHINGTON, D.C.: President Donald Trump this week is due to launch the next phase of his economic confrontation with Beijing, with new restrictions possible on Chinese investments to clamp down on access to sensitive American technologies. That could open US firms like Apple and General Motors up to new forms of retaliation from China and [...] The post US restrictions on Chinese investment next front in trade dispute appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 27th, 2018

Philippines plans to borrow from China-led AIIB

The government is eyeing possible loan assistance from China-led Asian Infrastructure Investment Bank for the construction of health care facilities, school buildings and roads in the country, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsJun 26th, 2018

Australia buys high-tech drones to monitor South China Sea, Pacific

SYDNEY, Australia – Australia will invest $5.2 billion to develop and buy high-tech US drones for joint military operations and to monitor waters including the South China Sea, it said Tuesday. Canberra has been embarking on its largest peacetime naval investment through a massive shipbuilding strategy that includes new submarines, ........»»

Category: newsSource:  rapplerRelated NewsJun 26th, 2018

Australia buys high-tech drones to monitor South China Sea, Pacific

Sydney — Australia will invest Aus$7 billion (US$5.2 billion) to develop and buy high-tech US drones for joint military operations and to monitor waters including the South China Sea, it said Tuesday. Canberra has been embarking on its largest peacetime naval investment through a massive shipbuilding strategy that includes new submarines, offshore patrol vessels and […].....»»

Category: financeSource:  bworldonlineRelated NewsJun 26th, 2018

China, Nepal to build Tibet-Kathmandu rail link

BEIJING, China – China and Nepal have agreed to build a railway connecting Tibet with Kathmandu, among a raft of deals signed during the Nepali prime minister's visit to Beijing, reports said Friday, June 22. Nepal is seeking closer ties and much-needed energy and infrastructure investment from China, which has flexed ........»»

Category: newsSource:  rapplerRelated NewsJun 22nd, 2018

Commentary: Dangers, opportunities in China’s Belt and Road Initiative

When President Rodrigo Duterte came back from his state visit to China in October 2016, his Cabinet members touted the US$ 24 billion in investment and credit line pledges that they have supposedly secured from their Chinese counterparts......»»

Category: newsSource:  philstarRelated NewsJun 22nd, 2018

PH not vulnerable to China military attack, says former SolGen

  The Philippines does not have to go to war and it will not be vulnerable to an attack by China even if Filipinos assert their rights in the West Philippine Sea, according to former Solicitor General Florin Hilbay.   The Philippines, however, faces the risk of losing its claims in the sea altogether by doing nothing, Hilbay said on Tuesday.   "The President keeps on saying he does not want to go to war. But neither is China. The President is sounding the alarm, but it seems he is the only one alarmed by it," he said.   Not vulnerable to attack   Despite having a weak military, the Philippines cannot be considered vulnerable to foreign ...Keep on reading: PH not vulnerable to China military attack, says former SolGen.....»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2018

Bam Aquino: Senate can take lead in defending PH vs China

The Senate can take the lead in defending the country against China if Malacaang will not side with the Filipino people, Senator Paolo Benigno "Bam" Aquino IV saidon Monday. "A strong and independent Senate can and should investigate all our dealings with China, especially when the rights and livelihood of our countrymen are at risk," Aquino said in a statement. Aquino's remark came on the heels of reports on the "harassment" of Filipino fishermen in the West Philippine Sea by the members of Chinese coast guard. The opposition lawmaker said the Duterte administration's "defeatist mentality" will lead to even more abuses. The Senate committees on foreign relations and national...Keep on reading: Bam Aquino: Senate can take lead in defending PH vs China.....»»

Category: newsSource:  inquirerRelated NewsJun 11th, 2018

Foxconn chief: US-China dispute over tech, not trade

Foxconn Chairman Terry Gou (second from right) prepare to cut a giant cake at an event to celebrate Taiwan-based contract manufacturing giant Foxconn's 30th anniversary of its first investment.....»»

Category: newsSource:  philippinetimesRelated NewsJun 7th, 2018