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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

Khashoggi fallout: Saudi conference no-shows

DUBAI, United Arab Emirates – Three European government ministers on Thursday, October 18, joined an array of corporate chiefs in pulling out of an upcoming investment conference in Saudi Arabia, following the disappearance of Saudi journalist Jamal Khashoggi. Company leaders risk losing lucrative business with the kingdom by shunning the ........»»

Category: newsSource:  rapplerRelated News15 hr. 8 min. ago

Global trade wars risk millions of jobs – WTO chief

LONDON, United Kingdom – Escalating trade wars "pose real risks" to the global economy, potentially threatening millions of jobs, head of the World Trade Organization (WTO) Roberto Azevedo warned in a London speech on Wednesday, October 17. US President Donald Trump is locked in a trade war with China , rolling out billions of dollars in tariffs in a ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

US, China investors buy into PLDT’s voyager for $175 million

Telco giant PLDT Inc. has inked agreements with investors led by global investment firm KKR and China’s Tencent Holdings Ltd. to separately acquire up to $175 million worth of newly issued shares in its digital innovations arm Voyager Innovations Inc......»»

Category: financeSource:  philstarRelated NewsOct 4th, 2018

China’s Tencent, KKR to invest in PayMaya developer

Chinese technology giant Tencent Holdings, the developer of WeChat, and a United States-based fund are entering PLDT Inc.'s digital innovations arm--- a move seen to accelerate the use of cashless payments in the Philippines over the next few years. In a joint statement, PLDT said Tencent and investment firm KKR will invest up to $175 million (P9.5 billion) into PLDT unit Voyager Innovations, which operates the mobile wallet PayMaya. The deal was branded yesterday as the single largest investment to date in a Philippine tech company. "We can scale up and that's what Tencent and KKR want to do," PLDT chair and CEO Manuel V. Pangilinan told reporters in a briefing on Thursday. "Al...Keep on reading: China’s Tencent, KKR to invest in PayMaya developer.....»»

Category: newsSource:  inquirerRelated NewsOct 4th, 2018

China’s tech boom at risk over muddled tax hike proposals

THE venture capitalists of China are starting to get nervous. The post China’s tech boom at risk over muddled tax hike proposals appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 20th, 2018

P200-M mine project ‘rape’ of environment

DETAINED Sen. Leila de Lima on Tuesday expressed grave concern over a Chinese-funded nickel mining project in Candelaria, Zambales. News reports showed that Fujian Hengrun Investment Co. Ltd of China and Filipino firms Westchinamin Corp. and Easternreach Mining Group Inc. have agreed to put up the P200-million ferro-nickel plant. De Lima, chairman of the Senate Committee on… link: P200-M mine project ‘rape’ of environment.....»»

Category: newsSource:  manilainformerRelated NewsSep 19th, 2018

TRAIN 2 to deter mine investment

THE Philippines is running the risk of losing mining investors if the government passes the bill raising the mining excise tax to 5% from 2% under the second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law, according to the Chamber of Mines of the Philippines (CoMP). The post TRAIN 2 to deter mine investment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 18th, 2018

Cebu Seals Sisterhood Ties with Fujian, China

With the promise to boost investment and tourism opportunities, among others, the provinces of Cebu and Fujian, China sealed its sister-province agreement in a ceremony at the Capitol Social Hall last Wednesday night. Cebu Gov. Hilario P. Davide III and Fujian Gov. Tang Dengjie signed the Memorandum of Agreement (MOA), sealing the Friendship Province relationship […].....»»

Category: newsSource:  metrocebuRelated NewsSep 17th, 2018

Maduro says China to finance failing oil industry

CARACAS, Venezuela -- Venezuelan President Nicolas Maduro said Saturday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies. Oil output is the main generator of Venezuela's income but has fallen to its lowest level in three decades, with the South American country's state-led economy in free-fall. Analysts blame years of neglect during which state oil firm PDVSA's infrastructure became rundown and exploration was curbed, while oil revenues were used to plug the fiscal deficit. Now, however, "there are financing commitments to increase oil production, gold production as well as investment in more than 500 development projects...Keep on reading: Maduro says China to finance failing oil industry.....»»

Category: newsSource:  inquirerRelated NewsSep 16th, 2018

China s economy showing weakness as investment growth hits new low

The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilized. Beijing faces.....»»

Category: newsSource:  philippinetimesRelated NewsSep 16th, 2018

Risk of South China Sea Strife if Beijing Attempts Defense Zone

TAIPEI, TAIWAN - An air defense zone declared by Beijing, or any effort to stop civilian ship traffic, would raise the risk of conflict in the disputed South China Sea after years of calm, because.....»»

Category: newsSource:  manilanewsRelated NewsSep 14th, 2018

Risk of South China Sea Strife if Beijing Attempts Defense Zone

TAIPEI, TAIWAN - An air defense zone declared by Beijing, or any effort to stop civilian ship traffic, would raise the risk of conflict in the disputed South China Sea after years of calm, because.....»»

Category: newsSource:  philippinetimesRelated NewsSep 14th, 2018

Risk of South China Sea Strife if Beijing Attempts Defense Zone

TAIPEI, TAIWAN – An air defense zone declared by Beijing, or any effort to stop civilian ship traffic, would raise the risk of conflict in the disputed South China Sea after years of calm, because Source link link: Risk of South China Sea Strife if Beijing Attempts Defense Zone.....»»

Category: newsSource:  manilainformerRelated NewsSep 14th, 2018

Risk of South China Sea Strife if Beijing Attempts Defense Zone

TAIPEI, TAIWAN – An air defense zone declared by Beijing, or any effort to stop civilian ship traffic, would raise the risk of conflict in the disputed South China Sea after years of calm, because Source link link: Risk of South China Sea Strife if Beijing Attempts Defense Zone.....»»

Category: newsSource:  manilainformerRelated NewsSep 14th, 2018

Tarlac eyed as next site for China-Asean trade expo

The Philippines is looking to attract firms from both China and the Association of Southeast Asian Nations (ASEAN) to do business and invest in Tarlac as the province is being positioned as the country’s next trade, investment and tourism hub at the 15th China-ASEAN Expo (CAEXPO)......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2018

Asean military spending not really about China

H NI -- Although Southeast Asia countries are spending more on military defense equipment, it doesn't mean they are increasing the risk of conflict in the region, according to Tim Huxley, Executive Director at the International Institute for Strategic Studies.   Speaking at a session on understanding Asia's new balance of power, one of the activities as part of the 2018 World Economic Forum on Asean in H Ni, Huxley revealed some surprising numbers on regional arms spending.   In 2017, Southeast Asian countries spend more than US$39 billion on defense. According to Felix Heiduk from the German Institute for International and Security Affairs, total defense spendi...Keep on reading: Asean military spending not really about China.....»»

Category: newsSource:  inquirerRelated NewsSep 13th, 2018

Most EU countries fail to meet air quality targets

Most EU countries fail to meet the bloc's air quality standards and more than 1,000 Europeans die prematurely each day, ten times more than in road accidents, a watchdog said Tuesday. The European Court of Auditors (ECA), the European Union body which scrutinizes how the bloc spends its budget, said pollution's toll on health in Bulgaria and other eastern European countries was even worse than in Asian giants China and India. It said the failures in the 28-nation bloc were all the more glaring as some EU guidelines were weaker than those suggested by the World Health Organization. "Air pollution is the biggest environmental risk to health in the European Union," said Janusz Wojc...Keep on reading: Most EU countries fail to meet air quality targets.....»»

Category: newsSource:  inquirerRelated NewsSep 11th, 2018

DTI plans investment forum in China

The Department of Trade and Industry (DTI) plans to organize an investment forum in China in November to accommodate all firms which expressed interest to participate in the China International Import Expo (CIIE) being held in Shanghai......»»

Category: financeSource:  philstarRelated NewsSep 9th, 2018

China’s Xi plans to meet Putin on visit to Russian port city

    BEIJING --- Chinese President Xi Jinping will meet with Russian President Vladimir Putin next week in a sign of strengthening ties between the two Asian giants.   The summit will take place during Xi's working visit to Russia's far-eastern port city of Vladivostok on Tuesday and Wednesday, the Chinese foreign ministry said Friday. It will be the first time a Chinese head of state has attended the Russian-hosted Eastern Economic Forum, a gathering Moscow hopes will encourage investment in its thinly populated far-east.   Xi's visit is a sign of healthy ties between China and Russia that have been cemented by joint military exercises and coordi...Keep on reading: China’s Xi plans to meet Putin on visit to Russian port city.....»»

Category: newsSource:  inquirerRelated NewsSep 7th, 2018