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Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Military personnel banned from using TikTok
Military personnel are banned from using TikTok amid concerns over its possible use for espionage by China......»»
Garcia halts MCE project amid concerns
Garcia halts MCE project amid concerns.....»»
Dabawenyos raise evacuation concerns amid flooding
CONCERNS have risen among several Dabawenyos affected by the trough of the Low-Pressure Area (LPA) due to the significant impact of heavy flooding in their homes......»»
Ship-breaking operations of stranded vessel stopped amid health concerns
Ship-breaking operations of stranded vessel stopped amid health concerns.....»»
Philippines expands US military presence amid growing China concerns
Manila [Philippines], December 30 (ANI): Against the backdrop of mounting geopolitical tensions and growing unease over China's assertiveness, the Philippines is taking strategic steps to bolster its defence capabilities, Voice of America reported. The Philippines' decision to enhance its military collaboration with the United States, particularly the expansion of US military presence at key locations, is a calculated res.....»»
Philippines expands US military presence amid growing China concerns
Manila [Philippines], December 30 (ANI): Against the backdrop of mounting geopolitical tensions and growing unease over China's assertiveness, the Philippines is taking strategic steps to bolster its defence capabilities, Voice of America reported. The Philippines' decision to enhance its military collaboration with the United States, particularly the expansion of US military presence at key locations, is a calculated res.....»»
Teach financial literacy in senior high, bill proposes
MANILA, Philippines — Cagayan de Oro City Rep. Lordan Suan suggests adding financial literacy education, covering savings, investing, insurance, and taxes, to the senior high school curriculum for better-informed financial decisions by the youth. Suan filed House Bill No. 9162, or the Financial Literacy Education bill, amid concerns that few Filipinos have a good grasp.....»»
Gain our trust:’ Students urge MSU to suspend in-person classes amid safety concerns
Student leaders at the Mindanao State University have called on school officials to temporarily allow classes to be held remotely after the university ordered a resumption of face-to-face classes starting Monday, more than a week since a deadly bombing incident took place on campus......»»
Predicting an Economy in Need of a Fed Rate Cut: Insights from Bill Ackman
Title: Hedge-Fund Manager Bill Ackman Predicts Earlier Rate Cut Amid Concerns of Weakening Economy In a surprising forecast, prominent hedge-fund manager Bill Ackman has predicted.....»»
‘Palestinian children should be killed’
No, that heartless advice did not come from a mentally deranged man or an ordinary man on the street. It came from a top Filipino diplomat who has worn many hats in government. He is in fact a lawyer, journalist, former Secretary of Foreign Affairs, Ambassador to the United Nations, Press Secretary, Congressman, and presently Philippine Ambassador to the Court of St. James’s (United Kingdom) and concurrently Special Envoy to China for special concerns. In my book, those bona fides could easily qualify him as a revered Filipino statesman — but for his indiscretion, uncouth words, and disrespect for the feelings of others. I refer, dear readers, to Teodoro Lopez Locsin Jr. I have to emphasize the descriptive word “Jr.” because, from accounts I have read, he is far different from his namesake, Teodoro Locsin Sr., who fought the Japanese and the dictatorial regime of Ferdinand Marcos Sr., a fearless publisher of the news magazine Philippines Free Press for which he was imprisoned during the Marcos martial law regime. Did the “apple fall far from the tree?” In his Twitter account, Locsin Jr. said: “That’s why Palestinian children should be killed: they might grow up to become as gullible as innocent Palestinians letting Hamas launch rockets at Israel ...They are Muslims...” In the diplomatic community, we call that a faux pas. Perhaps realizing the callousness of his gaffe, he immediately deleted the tweet with the following lame expression of mea culpa: “I immediately deleted my sarcastic response to a tweet as I realized it could be misconstrued ...My apologies to those who did misconstrue my sentiments and did, in fact, get triggered...” That statement did not wash away the disastrous effect of his slip. If one reads between the lines, they were subtle words to camouflage the booboo, not a real entreaty for clemency. His admission of his mistake, though, may work to mitigate the imprudence. Remarkably, the Department of Foreign Affairs, anticipating its far-reaching negative effect, disassociated itself from the statement, saying it was made in Locsin’s “personal capacity.” I wanted to distance this column from the ensuing uproar. But being the de facto medium for Filipino Muslims’ concerns and sentiments on political and social issues, it cannot default from its moral responsibility. I was afraid that repeating the obnoxious remark might gain traction — and psychologists warn about the “repetition-induced truth effect.” I did not want to dignify it. After all, he had shown remorse and apologized for the impropriety of his words, and, as a sage says, “There is no need to beat a dead horse.” But the storm of controversy has spread like wildfire in Morolandia that I have to add my voice of indignation. Silence amid the din of protest is a sin. I have not seen in a long time such a display of revulsion and rage from the Moros, reminiscent of the time foreign invaders came to their shores and, for 300 years, the Moros dug in, resisted, and repelled the hegemonistic colonization campaign. Muslim netizens promptly denounced the statement as xenophobic, insensitive, and unbecoming of a diplomat. Their protest and outcry reverberated from the halls of the Houses of Congress, the Regional Parliament of the Bangsamoro Autonomous Region in Muslim Mindanao to the cramped temporary shanties of the Marawi war evacuees and the shores of the Sulu seas. For a single moment in their lives, the tribes of Morolandia set aside their tribal identities. They spoke in one thunderous voice, calling for a sanction for what they perceived was the misconduct of a diplomat who, to preserve his honor, must perform a Japanese seppuku or self-sacrifice by resigning from his post. Articulating the collective position of the Deputies of the BARMM interim Regional Parliament, Speaker Pangalian Balindong issued a public statement rich in a poignant message condemning the “insensitive and irresponsible social media post ...for its Islamophobic, racist, and anti-Semitic undertones.” (To be continued) amb_mac_lanto@yahoo.com The post ‘Palestinian children should be killed’ appeared first on Daily Tribune......»»
Israels Airstrikes on Gaza Escalate Amid Putins Warning on Conflict Expansion – The Daily Guardian
Title: Israel Launches Intense Assault on Gaza while International Concerns Mount Israel has launched an intensive bombardment of the Gaza Strip, maintaining the threat of.....»»
Global stocks weak as ME fears persist
Global stock markets slid Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the Middle East. Wall Street stocks declined Friday, as investors looked to lower their risk going into the weekend. The Dow Jones Industrial Average lost 0.9 percent, while the S&P and Nasdaq indexes fell over one percent. The yield on the 10-year US Treasury, which briefly rose this week to levels not seen since 2007 amid concerns the Fed is entering a long period of high-interest rates, slipped slightly. Regina Capital Development Corp. managing director Luis Limlingan added the Federal Reserve has been raising its benchmark lending rate to cool demand and bring down stubborn inflation, with some success. Nevertheless, rates remain stuck above their long-term target of two percent. Local shares ended the week in the red as investors turned more cautious following Fitch Group’s statement that inflation will likely stay elevated for an extended period, Limlingan added. Additionally, the recent statement by Fed Chairperson Jerome Powell “weighed on the local and global markets,” the RCDC executive said. He quoted Powell as saying inflation remains too high and lower economic growth will likely be needed to bring it down. Powell also said he doesn’t think rates are too high now. At the same time, markets are warily eyeing ongoing conflict in the Middle East, for signs it could spread to other countries. “Going into the weekend there is a downward trend as short-term investors try to square positions,” Jack Ablin, Cresset Capital’s chief investment officer, said. “There is an unwillingness from certain investors (to) hold risk positions over the weekend,” he added. Major stock markets in Europe closed down more than one percent, while those in Asia also saw declines. Double geopolitical whammy The US Federal Reserve warned that the recent attack on Israel and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation. Hamas carried out a deadly attack on Israel from the Gaza Strip on 7 October and killed at least 1,400 people, mostly civilians who were shot, mutilated, or burned to death, according to Israeli officials. “The attack on Israel, in conjunction with Russia’s ongoing war against Ukraine, has ratcheted up geopolitical tensions,” the Fed said in its semi-annual report on financial stability. with AFP The post Global stocks weak as ME fears persist appeared first on Daily Tribune......»»
Marcos discusses labor relations with Crown Prince of Kuwait
RIYADH — The Crown Prince of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, had a short bilateral meeting with President Ferdinand R. Marcos Jr. at the sidelines of the Association of Southeast Asian Nations and the Gulf Cooperation Council Summit here, Malacañang said on Friday. In a brief statement from the Palace, both the head of state discussed the "labor relations between the two countries." The government has yet to provide information on the meeting as of writing. Kuwait is one of the top destinations for Filipino workers abroad, with over 250,000 Filipinos working there. However, there have been recent reports of abuse and exploitation of Filipino workers in Kuwait. Last May, Kuwait indefinitely suspended the issuance of new visas to Philippine citizens amid concerns between the Gulf nation and Manila concerning safeguarding worker rights and employer prerogatives. The Middle Eastern country's decision to suspend visas comes in response to the Philippines' earlier move in February to halt the initial deployment of domestic workers to Kuwait. The Philippines implemented the measure following the discovery of the body of domestic worker Jullebee Ranara in the Kuwaiti desert in January. The post Marcos discusses labor relations with Crown Prince of Kuwait appeared first on Daily Tribune......»»
Philippines FDI net inflows rise 35.7 pct in July
MANILA, Oct. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines rose 35.7 percent year-on-year in July to reach 753 million U.S. dollars, the Philippine central bank said Tuesday. The latest figure brought the country's FDI net inflows from January to July 2023 to 4.7 billion dollars, a 14.7 percent decline from the same period in 2022. "FDI declined amid concerns over slowing.....»»
Philippines FDI net inflows rise 35.7 pct in July
MANILA, Oct. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines rose 35.7 percent year-on-year in July to reach 753 million U.S. dollars, the Philippine central bank said Tuesday. The latest figure brought the country's FDI net inflows from January to July 2023 to 4.7 billion dollars, a 14.7 percent decline from the same period in 2022. "FDI declined amid concerns over slowing.....»»
Bong Go to DTI: More livelihood opportunities for poor
Senator Christopher “Bong” Go expressed his support for the proposed budget for the Department of Trade and Industry (DTI) and its attached agencies during the Senate Finance sub-committee hearing on Tuesday, 3 October. He however appealed to the concerned agencies of government, particularly DTI, to address rising prices of commodities, mitigate the impact of inflation, and provide more livelihood opportunities for the poor to help them recover from the pandemic and other recent crises. “Bigyan po ninyo ng mas maraming oportunidad na makabangon ang mga mahihirap. Ang maayos na kabuhayan ang isa sa mga magiging susi sa pagginhawa ng pamumuhay ng bawat pamilyang Pilipino,” he explained. “Trabaho po ng DTI na bantayan rin ang mga presyo ng bilihin lalo na ngayon na lumalala ang inflation. Bagamat hindi natin kontrolado ang global factors na nagdudulot nito, sikapin dapat ng gobyerno na pagaanin ang hirap na dinadala ng ating mga kababayang pinakanangangailangan,” he appealed. Go’s stance comes in the wake of the recent Pulse Asia survey, conducted from 10 to 14 September, which showed that poverty and inflation were identified as two of the most pressing concerns. It is for this reason that the senator has urged the government to prioritize the creation of better job opportunities as a crucial step towards alleviating the suffering of the people and stabilizing the country's economy. “Nais kong iparating ang aking suporta para sa proposed budget at mga programa ng DTI. Ang DTI ay may malaking papel sa pagpapalago ng ating ekonomiya at pagpapabuti ng kalagayan ng ating mga negosyante at manggagawa,” said Go. Through Senator Mark Villar who presided over the budget hearing, Go manifested his support for DTI as it plays a pivotal role in shaping the economic landscape of the country, considering that it is responsible for crafting and implementing policies, programs, and projects that promote a competitive and innovative business environment. “Sa pagtugon sa mga hamon ng kasalukuyang panahon, napakahalaga na maglaan tayo ng sapat na pondo para sa DTI upang maipagpatuloy nila ang kanilang mahalagang mga proyekto at programa. Sa tulong ng mga programa ng DTI, mas mapapaunlad natin ang sektor ng negosyo sa bansa at mas magkakaroon tayo ng mas maraming pagkakataon para sa trabaho at kabuhayan,” he added. Moreover, Go said that the department is entrusted with the vital task of supporting micro, small, and medium enterprises (MSMEs) that constitute the backbone of the Philippine economy. These businesses are crucial in generating employment and driving economic growth. Go highlighted Republic Act No. 11960, or the One Town, One Product (OTOP) Philippines Act. Authored and co-sponsored by Go, the OTOP Philippines Program is a government-led initiative that allows each town or city in the country to capitalize on a unique product or service that embodies its identity, culture, and traditions. “Sa tulong ng batas na ito, ating pinapalakas ang mga lokal na negosyo sa bawat bayan at siyudad sa bansa. Ipinapaabot natin sa kanila ang suporta na kinakailangan nila upang mapanatili ang kanilang operasyon at maabot ang mas malawak na merkado,” Go said, adding that by leveraging local resources, the program not only invigorates economic activities but also fosters cultural preservation. Meanwhile, Go also co-sponsored Senate Bill No. (SBN) 2021, which aims to institutionalize the Shared Service Facilities (SSF) project under DTI. The proposed measure seeks to amend RA 6977 or the Magna Carta for Small Enterprises as amended by RA 9501, also known as the Magna Carta for MSMEs. If enacted, the SSF program would offer more cost-effective solutions to MSMEs by providing access to shared facilities and services that will help them improve the quality and productivity of their products, including equipment, tools, and machinery that they can use to upgrade their production processes that are typically expensive for individual MSMEs. During the previous administration, Go advocated for the Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program which seeks to aid micro, small, and medium enterprises in crises and provide livelihood opportunities to more Filipinos. “Sa programang ito, tuturuan ang mga benepisyaryo na magnegosyo at bibigyan ng suporta para palaguin ito. Masarap sa pakiramdam kapag pinaghirapan at pinagpawisan ang iyong negosyo, napalago ito, at naiuwi sa pamilya ang kinita mula dito,” he said. He continues to support the implementation of the program to help more Filipinos in need of government support amid trying times. Last year, Go successfully appealed for the budget allocation for the PPG program during the deliberations on the 2023 budget of the DTI. “Marami pong nawalan ng trabaho, maraming nagsara na negosyo dahil po sa pandemya kaya naman napakahalagang maipagpatuloy ang programang ito,” he said. “Isa itong paraan upang maipakita natin ang ating malasakit sa mga Pilipinong apektado ng iba't ibang krisis, mula sa nakaraang pandemya hanggang sa mga kasalukuyang kalamidad, at mabigyan sila ng bagong pag-asa na magkaroon ng maayos na kabuhayan,” he added. Furthermore, Senator Go filed SBN 420, which aims to establish the Rural Employment Assistance Program (REAP) that will be operated under the purview of the Department of Labor and Employment (DOLE). The primary objective of this proposed program is to offer temporary employment opportunities to individuals experiencing economic hardships, poverty, displacement, or seasonal unemployment. By creating such opportunities, REAP can assist those affected in achieving financial stability during challenging periods. The post Bong Go to DTI: More livelihood opportunities for poor appeared first on Daily Tribune......»»
Fusing science and magic
If you’re like Vera Wang, and was “late” getting into the SPF game, today you may be seeing the “badges” of those carefree sunny days of worshipping the sun every time you look in the mirror. But while sunscreens and sun tints, even sun protection capsules, were not part of rituals you ever undertook for your skin, you can let the panic abate — there is hope! So I submitted to a skin analysis last year (screaming inwardly). I was in denial. I felt light years away from the creeping signs of age — fine lines, dark spots, saggy jawline. But the proof was there on the blinking screen. Yes, it screamed back at me, you should have used those sticky, smelly sun lotions your mother used to push into your hands. These days, lucky mortals have a wide range of choices for sunscreens that actually smell good and don’t leave your skin looking pasty white or coated in oily gunk. In fact, there are numerous solutions to almost every skin problem you can think of. [caption id="attachment_193222" align="aligncenter" width="525"] WEARING the Swarovski necklace from the latest collections. PHOTOGRAPHS COURTESY OF SWAROVSKI[/caption] Acne is addressed by brands like, get this, Acnes, which makes zit-zapping quite a breeze; or even homegrown label Human Nature, which just came out with a Tea Tree Body Cleanser and Tea Tree Body Acne Gel for clearer skin all over. Wrinkles are battled by serums for every need, and if you have not much patience for regimens and rituals, a quick, non-invasive treatment at a reputable aesthetic center can have you feeling refreshed in no time. The era of lunchtime treatments has been food for the soul among a growing number of fans. [caption id="attachment_193225" align="aligncenter" width="525"] SWAROVSKI Afternoon Tea at Raffles Makati.[/caption] Here’s the latest in the arena of skin rejuvenation: Rejuran, a “new concept healer” made of polynucleotides, has arrived in the country courtesy of its exclusive distributor TritanMed. Polynucleotides are DNA fragments of specific size derived from wild salmon. This unique ingredient gives Rejuran its power to “make your skin young and healthy,” meaning “improved hydration, skin texture, skin elasticity and skin repair,” naturally. The injectable delivers the highly bio-compatible polynucleotides directly into the skin, and “activates the self-regenerative ability of the skin and improves the appearance of various skin concerns, such as wrinkles, scars, large pores, redness and pigmentation, etc.” [caption id="attachment_193226" align="aligncenter" width="525"] From the LUNA collection[/caption] It is, in short, the best and proven safest way to look 10 years younger, as testimonials online reveal. Other benefits of the treatment are: “promotes the secretion of collagen and restores Extra Cellular Matrix to recover thin and damaged skin inside caused by aging, while simultaneously improving skin elasticity and reducing the appearance of wrinkles; improves pigmentation and overall brightness of the complexion, which is helpful in recovering the tonicity and luminosity of smoother skin texture.” Price-wise, it is said to cost less than the popular “lunchtime treatment” called fillers and delivers results just as quickly. Sometimes I think the multimillion-dollar world of beauty simply wants to inundate us with blurbs just so we will feel a raging need to get that glass skin, wing-tipped eyes and long, outrageous lashes. It’s a good thing science gives us an opportunity to have these “transformative” qualities, just like magic. [caption id="attachment_193227" align="aligncenter" width="525"] ANA Gonzales of Havaianas Philippines.[/caption] Shine on An afternoon tea worth a sip is one that is currently being served at the Raffles Makati’s The Writers Bar. Aptly described as “a shimmering fusion of history and luxury, the Swarovski Afternoon Tea was unveiled on 27 September with Swarovski’s latest collections on display. The new pieces, coming in bright jewel tones of green, pink and blue, were designed by Swarovski Creative Director Giovanna Engelbert, who was inspired by “multiple worlds.” Also, science and magic met in this latest output, from “Idyllia’s secret gardens filled with wondrous creatures, or Luna’s star-covered skies illuminated by crescent moons.” See for yourself the exquisite Swarovski’s unmistakable “shapes of Dextera” and “the show-stopping cuts of Mesmera.” Luna is the newest collection to date, and for sun-worshippers, perhaps a little foray into the darker realms will balance it out, giving “mystical energy” amid too much reality. Raffles Makati’s executive chef Bela Rieck presented the afternoon tea, with delicacies like “green mango tart with sea grapes, seared tuna with mango cilantro salsa for the culinary art tier, and desserts like the crystal glazed reinvented raspberry, white wine coconut spritzer and a mesmerizing crystal-inspired praline.” The special afternoon tea is available until 30 November. [caption id="attachment_193228" align="aligncenter" width="320"] COLOR and comfort in new slides.PHOTOGRAPHS COURTESY OF HAVAIANAS[/caption] Slide into comfort and color It’s here: the Havaianas Slides are the newest way to walk on the side of style. Wear it anywhere, even at the Mansion Sports Bar, and feel the comfort and cool all at once. A cushioned footbed and slip-resistant sole are pluses for this fashionable footwear option. The post Fusing science and magic appeared first on Daily Tribune......»»
BBM, Sara approval ratings fall
The approval ratings of President Ferdinand Marcos Jr. and Vice President Sara Duterte plummeted in September amid rising commodity prices, China’s incursions in the West Philippine Sea, and concerns about confidential and intelligence funds in the proposed 2024 national budget. The latest Pulse Asia survey on Monday showed that Marcos’ approval rating fell 15 basis points from 80 percent in June to 65 percent in September. Meanwhile, Duterte’s approval rating fell 11 basis points from 84 percent to 73 percent over the same period. Still, the Vice President, the daughter of former President Rodrigo Duterte, outperformed Marcos. “Although the President and the Vice President continue to enjoy majority approval scores at the national level and across geographic areas and socio-economic classes, both experienced significant erosions in their respective approval ratings during the period June 2023 to September 2023,” the pollster said. Marcos and Duterte still enjoy majority trust ratings at 71 percent and 75 percent, although these also slid from 85 percent and 87 percent, respectively, in June. Meanwhile, only half of adult Filipinos had an upbeat assessment of the work being done by Senate President Juan Miguel Zubiri, from 56 percent in June. House Speaker Martin Romualdez’s approval rating also fell from 52 percent to 41 percent. Supreme Court Chief Justice Alexander Gesmundo’s approval rating slid further from 44 percent to 34 percent in the same period. Pulse Asia conducted the survey using face-to-face interviews from 10 to 14 September. It was based on a sample of 1,200 representative adults 18 years old and above. It had a plus-minus 2.8 percent error margin at the 95 percent confidence level. The post BBM, Sara approval ratings fall appeared first on Daily Tribune......»»